Business News
2 min read | Updated on March 15, 2024, 14:05 IST
SUMMARY
LTTS will establish an artificial intelligence (AI), machine learning (ML) driven cybersecurity and digital threat analytics centre for the Maharashtra State Cyber Department under the Government of Maharashtra.
Stock list
Shares of LTTS were trading at ₹5,419.60, up 2.98 per cent, on the NSE.
L&T Technology Services (LTTS) on Friday announced that it has secured a cybersecurity order worth ₹800 crore from the Maharashtra State Cyber Department. LTTS is a listed subsidiary of Larsen & Toubro, focusing on engineering and research and development services.
As part of the order, LTTS, in consortium with KPMG as a forensic partner, will provide advanced cyber security solutions for the state to enhance public safety against cyber threats, the company said in a regulatory filing.
The project includes creating a sophisticated cybersecurity system and setting up a state-of-the-art cyber security and cybercrime prevention centre to address cybercrimes and investigations by leveraging artificial intelligence (AI) and Digital Forensic tools. The project also encompasses the following:
Speaking on the deal, Amit Chadha, CMD of L&T Technology Services, said, "This first-of-its-kind deal is more than just a business achievement for us. It's an opportunity to leverage our experience in setting up over 25 command centres and recognizing the growing criticality of cybersecurity and the need to invest in advanced digital safeguard platforms and tools for the benefit of the larger society."
Shares of LTTS were trading at ₹5,419.60, up 2.98%, on the NSE.
About The Author
Next Story