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HCLTech bags $1.14 bln new deal

HCL Technologies Ltd said it has signed a significant strategic partnership with a Europe headquartered, Fortune Global 50 Firm to establish an AI driven operating model to transform and manage their Global Digital Workplace and Enterprise Networks.

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The initial term of the agreement is from July 2026 to December 2031, extendable for a further period of 5 years. The estimated value of the agreement during the initial term is USD 1.14 billion, the company said in a stock exchange filing.

This is entirely a net new business for the company, HCL said.

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