Shell signs new framework agreement with LTTS

Indian IT services firm L&T Technology Services Limited (LTTS) has secured a long-term framework agreement with Shell, one of the world’s leading energy giants. This multi-year deal positions LTTS to provide a comprehensive range of services including Integrated Engineering, Procurement Services, Digital Engineering, Data Governance for Capital Projects, and Digital Project Management Consultancy for Shell's global assets.
 
Amit Chadha, CEO and Managing Director of L&T Technology Services, expressed his enthusiasm about the partnership, stating, "This new agreement with Shell as their engineering partner further strengthens our long-standing relationship in information management and allied engineering services. With our extensive experience and capabilities in serving the energy sector, we are excited to work with Shell to help achieve their strategic objectives."
 
In addition to the Shell partnership, LTTS recently announced the establishment of a Digital Twin Center of Excellence (CoE) in collaboration with computational intelligence firm Altair. The CoE aims to deliver cutting-edge digital twin capabilities to clients across sectors such as mobility, high-tech, and sustainability. It will offer AI-powered engineering solutions, innovation labs for simulating new use cases, predictive maintenance, and rapid product development to reduce prototyping cycle times. The CoE will also provide hands-on training to clients.
 
In related news, Shell Plc is reportedly considering the sale of 1 GW of operational assets from its Sprng Energy unit, attracting interest from entities like ArcelorMittal, Sembcorp Industries, CPPIB, and JSW Neo Energy. The sale, managed by HSBC, is valued at $350 million in equity and $1.1 billion in enterprise value.