Shell Signs New Framework Agreement with L&T Technology Services

AMSTERDAM & BENGALURU, India--(BUSINESS WIRE)--Aug 13, 2024--

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leader in engineering, digital and R&D services, announced that it has signed a long-term framework agreement with Shell, one of the world's largest energy companies.

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The multi-year framework agreement will see LTTS providing Integrated Engineering and Procurement Services along with Digital Engineering Services, Data Governance for Capital Projects and Digital Project Management Consultancy for Shell’s global assets as necessary.

With over two decades of experience in engineering, manufacturing services, digital transformation, and data services, LTTS is positioned well to support Shell on a global scale deploying their unique global delivery model for delivering projects.

Amit Chadha, CEO and Managing Director of L&T Technology Services, commented on the development, stating , "This new agreement with Shell as their engineering partner further builds on our long and continuous relationship in the area of information management and allied engineering services. With our extensive experience and capabilities in serving energy sector clients, we are excited to work with Shell and contribute in achieving their strategic objectives.”

About L&T Technology Services Ltd

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 57 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 23,550 employees spread across 22 global design centers, 30 global sales offices and 108 innovation labs as of June 30, 2024.

For more information, please visit https://www.LTTS.com/.

LTTS to provide Integrated Engineering Design and Procurement Services for Shell’s global assets (Photo: Business Wire)

MAGDEBURG, Germany (AP) — Germany on Saturday was still in shock and struggling to understand the suspect behind the attack in the city of Magdeburg.

Identified by local media as 50-year-old Taleb A., a psychiatry and psychotherapy specialist, authorities said he has been living in Germany for two decades. He was arrested on site after plowing a black BMW into a Christmas market crowded with holiday shoppers Friday evening, killing at least five people and wounding about 200 others.

Prominent German terrorism expert Peter Neumann posted on X that he had yet to come across a suspect in an act of mass violence with that profile.

Taleb’s X account is filled with tweets and retweets focusing on anti-Islam themes and criticism of the religion while sharing congratulatory notes to Muslims who left the faith. He also described himself as a former Muslim.

He was critical of German authorities, saying they had failed to do enough to combat the “Islamism of Europe.”

He has also voiced support for the far-right and anti-immigrant Alternative for Germany (AfD) party.

Some described Taleb as an activist who helped Saudi women flee their homeland. Recently, he seemed focused on his theory that German authorities have been targeting Saudi asylum seekers.

Neumann, the terrorism expert, wrote: “After 25 years in this ‘business’ you think nothing could surprise you anymore. But a 50-year-old Saudi ex-Muslim who lives in East Germany, loves the AfD and wants to punish Germany for its tolerance towards Islamists — that really wasn’t on my radar."

On Saturday, German Interior Minister Nancy Faeser told reporters: “At this point, we can only say for sure that the perpetrator was evidently Islamophobic – we can confirm that. Everything else is a matter for further investigation and we have to wait.”

An image taken from a video shows police officers arresting a suspect after car drove into a crowd at the Christmas market in Magdeburg, Germany, Friday Dec. 20, 2024. (TNN/DPA via AP)

A person stands by flowers and candles placed outside St. John's Church near a Christmas Market, where a car drove into a crowd on Friday evening, in Magdeburg, Germany, Saturday, Dec. 21, 2024. (AP Photo/Ebrahim Noroozi)