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L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global engineering services company, announced today that it worked with Intel Corporation to develop an outdoor smart parking solution. The solution is powered by the Intel distribution of the OpenVINO Toolkit to run AI inferencing models on Intel Xeon scalable processors and Intel Movidius VPUs. With edge AI capabilities, the solution aims to redefine the outdoor smart parking experience in public areas across the globe.
Designed for a cloud-enabled world, the solution has four key components: an operator portal that hosts user information; a mobile application for end-user interface; a digital signage module to ensure safe and secured access; and a digital camera – all connected by the AWS cloud platform. This architecture helps end users easily locate available parking spaces in outdoor parking lots.
Larsen & Toubro (L&T) reported 3% rise in consolidated net profit to Rs 3,293 crore on 9% increase in revenues to Rs 48,088 crore in Q4 FY21 over Q4 FY20.
The company s revenues registered a sequential growth of 35%, as execution activities normalized on easing of COVID-19 restrictions, prior to onset of the 2nd wave of the pandemic. The International revenues during the quarter at Rs 15,851 crore constituted 33% of the total revenue.
The order inflow for the quarter January-March 2021 at Rs 50,651 crore, lower by 12% over corresponding period of the previous year with deferment of awards. International orders at Rs 18,439 crore during the quarter is at 36% of the total order inflow, with receipt of biggest Solar PV plant order and transmission line orders.
San Francisco, California (PRWEB) May 13, 2021 The Globee® Awards organizer of world’s premier business awards programs and business ranking lists is now
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