LTIMindtree Wins $450 Million Agribusiness IT Deal

16 May 2025 CW Team

LTIMindtree has secured a landmark $450 million contract with a global agribusiness leader, marking the largest deal in the company’s history. The seven-year agreement will see the firm deploy an AI-powered operating model to provide application management, infrastructure support, and cybersecurity services.

The new digital model, underpinned by platforms such as SAP S/4HANA, Microsoft Azure, and ServiceNow, as well as LTIMindtree’s proprietary AI frameworks, aims to boost the client’s operational efficiency, scalability, and global expansion capabilities.

Announcing the deal on Monday, LTIMindtree highlighted its strategic significance amid macroeconomic challenges currently affecting the IT services industry.

“Securing this large deal marks a pivotal milestone as we transform into an AI-driven business model, helping our clients enhance productivity,” said Venu Lambu, Chief Executive Officer (Designate) and Whole-Time Director.

Nachiket Deshpande, President of Global AI Services and Strategic Deals, added, “Winning this important deal underscores our strength in crafting innovative solutions and delivering with excellence.”

Samir Gosavi, Chief Business Officer – Retail and CPG, described the contract as a major breakthrough for the firm’s consumer services division. “Our AI-driven operating model will deliver measurable business impact in a rapidly evolving industry,” he said.

LTIMindtree, India’s sixth-largest IT services provider, recently reported a consolidated net profit of Rs 1.13 billion for the March 2025 quarter, up 2.6 per cent year-on-year. Revenue rose 10 per cent to Rs 97.72 billion from Rs 88.93 billion a year earlier.

For the full financial year FY25, revenue grew 7 per cent. The company also reported annual order inflow of $6 billion, representing a 6 per cent increase compared to the previous year.

Infrastructure Transport

06 Feb 2026

Second Mountain Tunnel Breakthrough in Palghar Advances High Speed Rail

The Mumbai-Ahmedabad high speed rail (MAHSR) project reached a milestone with the breakthrough of a mountain tunnel in Palghar, Maharashtra. Mountain tunnel MT-six measures 454 metres long and 14.4 metres wide and will accommodate up and down tracks. The breakthrough follows MT-five near Saphale on second January 2026 and the MT-six excavation was completed from both ends using the New Austrian Tunnelling Method. The ministry reported that the tunnelling was completed within 12 months. The New Austrian Tunnelling Method is favoured for its flexibility in complex geology and irregular tunnel s..

Modi Government Pushes Atmanirbhar Container Drive With BCSL MoU

The Union Government advanced a plan to create an integrated, domestically anchored container ecosystem with the signing of a Memorandum of Understanding to establish the Bharat Container Shipping Line (BCSL). The MoU was signed by key agencies including the Shipping Corporation of India and Container Corporation of India alongside major port authorities and Sagarmala Finance Corporation Limited under the Ministry of Ports, Shipping and Waterways, in the presence of senior ministers. The initiative aligns with the Container Manufacturing Assistance Scheme announced in the Union Budget 2026–2..

Ministry Reports Gains In Mobility For Marginalised Communities

The Ministry of Social Justice and Empowerment is implementing skill development, education and rehabilitation schemes to promote socio-economic mobility and sustainable livelihoods for marginalised and disadvantaged communities across the country. Programmes target Scheduled Castes, Other Backward Classes, Economically Weaker Sections, De-notified Tribes and Safai Karamcharis through specialised implementing corporations and empanelled training institutes. Pradhan Mantri Dakshata Aur Kushalta Sampann Hitgrahi Yojana, or PM-DAKSH, provided skill training and placement support through the Nati..