CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
L & T Technology Services, the engineering services arm of Larsen and Toubro Group, informed that it will acquire a 100 % stake in which Texas-based company?
A
PCL Construction
B
Orchestra Technology
C
Bechtel Group Inc
D
Turner Construction
Explanation: 

Detailed explanation-1: -The correct answer is Orchestra Technology. L&T Technology Services (LTTS), the engineering services arm of Larsen and Toubro Group, informed that it will acquire a 100 % stake in Texas-based Orchestra Technology(Tech). It is an all-cash deal of USD 25 million (around INR 185 crores).

Detailed explanation-2: -L&T Technology Services Limited (LTTS) is a publicly listed subsidiary of Larsen & Toubro Limited providing Engineering and R&D (ER&D) services. LTTS offers consultancy, design, development and testing services across the product and process development life cycle.

Detailed explanation-3: -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.

Detailed explanation-4: -L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited. The Company is a leading global pure-play Engineering Research & Development (ER&D) services company.

There is 1 question to complete.