LTTS signs MoU with PS Technology to enhance rail safety

Indian IT services firm L&T Technology Services (LTTS) has partnered with PS Technology (PST), a subsidiary of Union Pacific Railroad specialising in railroad crew training and management, to improve the operational efficiency and safety of rail infrastructure through advanced simulation technology, the IT firm said in an exchange filing on Tuesday.

The companies signed a Memorandum of Understanding (MoU) focused on developing artificial intelligence (AI)-based simulation technologies that will enhance rail operations in India and abroad.

As part of this collaboration, they established their first Customer Experience and R&D Center (CXC) in Faridabad. This centre will innovate in simulator design and supply, setting new benchmarks in the Indian railroad sector. It aims to support the Indian Railways by advancing simulation and training capabilities while enhancing safety and providing real-time insights for modern transportation.

The CXC will enable real-time data collection, proactive decision-making, and improved resource management, utilising AI and augmented reality technologies to make rail transportation safer, more secure, and faster, the company added.

LTTS will apply its expertise in rail engineering to adapt PST’s technology to the specific needs of the Indian railways. This partnership seeks to establish new standards of operational excellence and safety in the Indian rail sector.

On July 18, LTTS reported a 7% increase in Q1FY25 revenue, reaching ₹2,462 crore, while net profit rose by 1% year-over-year (YoY) to ₹314 crore, with an EBIT margin of 15.6%.

Amit Chadha, CEO & Managing Director of LTTS, noted the company's intensified investments and focus on AI, resulting in the filing of 61 patents. He mentioned that LTTS is beginning to secure AI-led deals across asset health, software development, and digital assistants.