L&T Partners with PS Technology to Revolutionise Railways

L&T Technology Services, on Tuesday, July 30, announced a strategic partnership with PS Technology (PST), a wholly-owned subsidiary of Union Pacific Railroad, to introduce cutting-edge simulation technology to the railways market in India and neighbouring regions.

 

Key Takeaways from Larsen & Toubro’s Partnership

  • L&T partners with PS Technology to introduce cutting-edge simulation technology to the railways market in India and neighbouring regions.
  • L&T Technology Services and PS Technology (PST) have signed a Memorandum of Understanding (MoU) to introduce advanced AI-based simulation technologies aimed to enhance the operational efficiency and safety 
  • The partnership includes a new Customer Experience and R&D Center (CXC) in Faridabad, focused on developing cutting-edge simulation and training technologies for Indian Railways.

 

L&T Technology Services (LTTS), and PS Technology (PST), a subsidiary of Union Pacific Railroad, have signed a Memorandum of Understanding (MoU) to develop and supply advanced AI-based simulation technologies. This partnership aims to enhance the operational efficiency and safety of rail infrastructure in India and neighbouring regions.

 

As part of the agreement, the companies have established a Customer Experience and R&D Center (CXC) in Faridabad, near New Delhi, focusing on designing and supplying simulators to set new standards in the Indian railroad sector. 

 

The collaboration, as cited in the company's stock exchange filing, will leverage real-time data collection, proactive decision-making, and improved resource management to enhance safety and provide real-time insights for modern-day transportation. 

 

The new centre will utilise AI and augmented reality technologies to improve rail simulation, immersive learning, training, and crew management, making rail transportation safer, more secure, and faster.

 

Abhinav Bhan, Senior Managing Director and Global Head, PST, said, “We are thrilled to partner with L&T Technology Services to introduce our advanced simulator technology in India and adjacent rail markets. This collaboration aligns with our commitment to revolutionise rail infrastructure through innovation and localised solutions.” 

 

Alind Saxena, Executive Director & President - Mobility & Tech at LTTS, said, “L&T Technology Services’ extensive experience in the railways engineering domain, combined with PS Technology’s innovative simulator technology, forms a game-changing proposition for the global railway market.”

 

Saxena further added, ”Our partnership will deliver transformative Mobility Solutions that enhance operational efficiency and safety across the rail network. We are excited to establish the Customer Excellence Center in Faridabad, which will serve as a hub for innovation and excellence in rail simulation technology.”

 

About Larsen & Toubro Limited

Larsen & Toubro Limited, headquartered in Mumbai, is one of India's largest and most respected private-sector enterprises, specialising in EPC projects, high-tech manufacturing, and services. With over 80 years of a strong, customer-focused strategy and a never-ending pursuit of world-class quality, L&T has unrivalled strengths in Technology, Engineering, Construction, and Manufacturing, leading in all its key business lines.

 

Larsen & Toubro operates in more than 50 countries throughout the world. For more than eight years, L&T has achieved a strong, customer-focused approach and the constant quest for top-class quality, enabling the company to attain and sustain leadership in its major lines of business. 

 

The company engages in core, high impact sectors of the economy and its integrated capabilities span the entire spectrum of ‘design to delivery’. Every aspect of Larsen & Toubro businesses is characterised by professionalism and high standards of corporate governance, with sustainability embedded into their long-term strategy for growth. The company’s manufacturing footprint has extended across eight countries in addition to India. L&T has several international offices and a supply chain that extends around the globe.

 

About PS Technology Limited

For over three decades, PS Technology (PST) has provided software-based railroad solutions designed to optimise efficiency for businesses. PST's offerings include crew management, timekeeping, and physics-based simulation solutions, all built on a foundation of continuous software improvement and maturity.

 

PST's asset management systems are utilised by major railroads across North America and Canada. Their crew management, qualification management, and timekeeping solutions are used to manage the daily operations of over 100,000 employees involved in running, maintaining, and supporting rail networks spanning more than 120,000 miles. For training purposes, PST's physics-based simulation solutions provide an environment that helps analyse and optimise power utilisation while maintaining detailed records of training received.

 

Read More About L&T Technology Services Share Price Here!

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