The infotech arm of engineering giant Larsen & Toubro has won the ambitious initiative to use social media analytics to identify tax non-compliance. The deal is “like a $100-million project” for the firm, according to a company official.

“That is really advanced analytics. Now, that is like a $100-million deal for us. It’s not a small deal,” L&T Infotech CEO and Managing Director Sanjay Jalona told PTI .

Terming the work awarded by the Central Board of Direct Taxes as a “high volume digital deal”, he elaborated that the project involves creating a ‘semantic web’ where web pages are structured and tagged in such a way that can be directly read by the computers.

A news report last month had said it was a multi-year contract where LTI would operate on a build-own-operate-transfer basis.

Jalona said apart from the work on the CBDT project, the company, which was listed last year, is working on other high-value digital deals such as the project to digitise parent L&T’s construction vertical “at the core”.

This project involves plan and machinery optimisation for the company through interventions like sharing of high-cost assets, he said.

Jalona said the company is investing continuously on the emerging digital technologies, which now constitutes for 30 per cent of its revenue. He, however, asserted that margins will not be diluted as the company undergoes this change.

He said the company is also focussing strongly on blockchain and pointed out to a slew of examples of work with Indian, American and European clients on the front.

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