LTIMindtree bags its largest agribiz deal
Bengaluru, May 13 -- LTIMindtree Ltd secured its largest deal from Archer-Daniels-Midland Co. (ADM), a Chicago-based food processing and commodities trading company, three people with knowledge of the matter told Mint. This makes it the second mid-cap information technology (IT) services provider after Coforge Ltd to bag its largest contract since January.
The country's sixth-largest IT outsourcer bagged a seven-year deal valued at $450 million, according to a LTIMindtree press release on Monday. To be sure, LTIMindtree did not disclose the name of the client in its press release. As part of the deal, LTIMindtree would handle the agribusiness company's IT infrastructure, manage its softwares, and provide cybersecurity services.
This implies...
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