L&T Teams Up to Design Indian-Made Chips for Smarter CCTV Cameras

Larsen & Toubro (L&T) saw a slight uptick in its stock price today, trading at Rs. 3649.20, up by 0.03% from its previous close on the BSE. The stock opened at Rs. 3661.35, hitting a high of Rs. 3672.00 and a low of Rs. 3637.20, with 24,666 shares traded. L&T has a market cap of Rs. 502,012.04 crore.

L&T Semiconductor Technologies (LTSCT), a wholly-owned subsidiary of L&T, has inked a Master Collaboration Agreement with Aditya Infotech, the producer of CP Plus branded CCTV cameras. This partnership aims to develop and supply advanced systems-on-chip (SoC) and other system solutions for surveillance cameras.

This collaboration is set to enhance the indigenous semiconductor content in surveillance solutions, aligning with security and regulatory standards mandated by the Ministry of Electronics and Information Technology (MeitY). The partnership will also bolster the Make in India and design in India initiatives, promoting a trusted supply chain.

L&T, an Indian multinational, continues to showcase its prowess in technology, engineering, construction, manufacturing, and financial services. This venture underscores the capabilities of Indian firms to produce world-class semiconductor products, strengthening their global competitiveness.

With this strategic alliance, L&T and Aditya Infotech aim to create competitive tech products for global markets, fostering innovation and growth within India's semiconductor manufacturing landscape.

News by Rahul Yelligetti