Larsen & Toubro (L&T) announced on Saturday that it has signed an agreement with IIT Indore to conduct joint research and development initiatives in areas such as renewable energy management and control software. The digital energy solutions section of L&T Construction's power transmission and distribution division signed the agreement of cooperation.

The agreement was signed "to investigate and implement activities through the framework established across various avenues of engagement." According to the business, "this initiative will drive industry-academia collaboration to advance research and development in renewable energy integration and control technologies, as per economic times.

Through this collaboration, L&T's smart grid solution centre of excellence will be built to cooperate with IIT Indore's students' learning and experience program.

Larsen & Toubro is an Indian multinational company that specializes in EPC projects, high-tech manufacturing, and services. It is present in over 50 countries globally. For more than eight decades, L&T has achieved and maintained leadership in its primary areas of business by a strong, customer-focused strategy and the persistent pursuit of world-class quality.  They work in key, high-impact sectors of the economy, and our comprehensive capabilities span the whole 'design to delivery' spectrum.

Professionalism and good corporate governance standards pervade all aspects of L&T's operations. The long-term growth strategy includes sustainability. In addition to India, the Company has a manufacturing presence in eight other nations. L&T has multiple overseas offices and a global supply chain.