LTTS bags $100 million cybersecurity project from Maharashtra government

Mid-sized engineering and technology services firm L&T Technology Services (LTTS) on Friday said it has won a $100 million (around Rs 800 crore) cyber security project from the Maharashtra State Cyber Department.

Mumbai-headquartered LTTS, a listed subsidiary of Larsen & Toubro (L&T), said it will establish an AI, ML-driven cybersecurity & digital threat analytics centre for Maharashtra Cyber, a nodal agency for the state's cyber security and investigation, to enhance citizen cyber safety and awareness.

LTTS, in consortium with KPMG Assurance and Consulting Services LLP as a forensics partner, will provide advanced cyber security solutions, LTTS said in a statement.


The project entails designing a sophisticated cybersecurity system and establishing a state-of-the-art, fully equipped, cyber security and cybercrime prevention centre to address cybercrime incidents and investigations by leveraging AI and digital forensic tools.

"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 recognising the growing criticality of cybersecurity and the need to invest in advanced digital safeguard platforms and tools. This deal will set the stage for LTTS to scale its offerings for our global clientele,” said Amit Chadha, CEO and managing director, LTTS.

The programme also encompasses a digital threat analytics centre (DTAC) paired with a centre of excellence (COE) that will equip the forensic team, a central emergency response team (CERT). The facility will deal with incident response and investigation based on advanced cyber threat intelligence, analytics and security operations fortified by AI & ML technologies.

On Friday, LTTS shares were trading 1.5% higher on the BSE at Rs 5,345 a piece from the previous close.

In January, LTTS reported a 13% rise in net profit at Rs 336 crore for the quarter-ended December as compared with Rs 297 crore in the same quarter last year. Its revenue grew 12% to Rs 2,422 crore from Rs 2,157 crore a year ago.