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IT Enabled Services
MoU30 Jul 2024, 02:23 pm

L&T Technology Services and PS Technology Partner to Transform Railways with Advanced Simulation Mobility Technologies

AI Summary

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global digital engineering and R&D services company, and PS Technology (PST), a wholly owned subsidiary of Union Pacific Railroad, have announced a strategic partnership around Mobility. The partnership aims to bring cutting-edge AI-based simulation technologies to the railways market in India and adjacent geographies. The companies have established a Customer Experience and R&D Center (CXC) in Faridabad near New Delhi to leverage new technologies around the design and supply of simulators, setting new standards in the railroad sector in India. This initiative is poised to significantly enhance the operational efficiency and safety of rail infrastructure in India and overseas.

Key Highlights

  • Strategic partnership between L&T Technology Services and PS Technology around Mobility
  • Partnership aims to bring AI-based simulation technologies to the railways market in India and adjacent geographies
  • Establishment of a Customer Experience and R&D Center (CXC) in Faridabad near New Delhi
  • CXC to leverage new technologies around the design and supply of simulators
  • Initiative poised to significantly enhance the operational efficiency and safety of rail infrastructure in India and overseas
LTTS
IT Enabled Services
L&T Technology Services Ltd

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