Shares of L&T Technology Services Ltd. are trading flat after touching a day’s high of Rs 5,224.00 on 30 July, after the company announced a strategic partnership with PS Technology, a Union Pacific Railroad subsidiary specializing in railroad crew training and management solutions.

This partnership aims to transform the railway market in India and nearby regions using simulation technology. L&T Tech and PS Technology have both signed an MoU to develop and supply advanced AI-based simulation technologies.

This collaboration will significantly improve the operational efficiency and safety of rail infrastructure in India and internationally.

LTTS and PST have opened their first Customer Experience and R&D Center (CXC) in Faridabad, Haryana.

The CXC will use advanced technologies to design and supply simulators, aiming to set new standards in the Indian railroad sector. It will offer support and innovation to enhance simulation and training for Indian Railways. This new centre will enable real-time data collection, proactive decision-making, and better resource management.

It aims to set high standards in rail simulation, immersive learning, training, and crew management. By using AI and AR, the centre seeks to boost the safety, security, and speed of rail transportation.

The company will use its rail engineering expertise to adapt PST’s technology for Indian railways.

At 1:57 PM, the shares of LTTS Ltd. were trading 0.071% lower at Rs 5,193.95 on BSE.

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