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MoU signed between HCL and Maharashtra Airport Development Company for expansion of MIHAN campus

Posted On: 2019-08-19 09:55:01

HCL Technologies (HCL), a leading global technology company, signed a Memorandum of Understanding (MoU) with Maharashtra Airport Development Company (MADC) for expansion of its MIHAN campus in Nagpur, in-line with HCL's plan for Tier-II cities in the country. As part of the MoU, HCL will acquire 90 acres of land to add to the existing state-of-the-art 50-acre campus in MIHAN, Nagpur.

The MoU was exchanged in the presence of Shri Nitin Gadkari, Honorable Minister for Road Transport & Highways of India and Shipping Ministry of Micro, Small and Medium Enterprises, Government of India, Shri. Apparao VV, Chief Human Resource Officer, HCL Technologies and Shri Sanjay Gupta, Corporate Vice President, HCL Technologies among other dignitaries.

HCL started its business operations in Nagpur in April 2018 and already has more than 800 employees servicing global accounts. The MIHAN centre delivers a spectrum of services, including Infrastructure Management, Application Development, Product Engineering, BPO, IT Services Management and HCL's internal enabling functions. The campus, when fully operational, will employ over 8,000 personnel.

Speaking on the occasion, Shri Nitin Gadkari, Honorable Minister for Road Transport & Highways of India and Shipping Ministry of Micro, Small and Medium Enterprises, Government of India, said: "I am pleased to note the impressive growth of HCL Technologies and their contribution to socio-economic development of Nagpur. Our IT sector has contributed immensely to help India make its mark on the world map. This expansion of the HCL campus in Nagpur will provide many opportunities to local talent and promote growth and development in the city. I wish HCL the very best for all their future endeavors."

HCL also announced the launch of Tech Bee - HCL's Early Career Program - a work-integrated career program for students who have completed Class XII. After completion of the program, the students will be deployed at HCL Technologies. They will also have an option to pursue higher education from BITS Pilani and SASTRA University while working.

HCL will also conduct a Mega Recruitment Drive in Nagpur on 24-25 August, 2019 at its MIHAN campus. This mega recruitment drive will offer opportunities to Engineering, Non-Engineering, Diploma students as well as students who have completed Class XII to explore career opportunities with HCL.

Commenting on the occasion, Mr. Apparao VV, Chief Human Resources Officer, HCL Technologies said, "As a global technology company, it is our constant focus to reach out to the young talents who are looking for a career in the IT sector. Our expansion in Nagpur is going to be part of HCL's strategic vision to expand and bring global opportunities to tier-II cities, beyond the large metropolises in the country. Our endeavor is to bring global IT careers to you without having you to move out of your homes to other cities."

Mr Sanjay Gupta, Corporate Vice President, HCL Technologies said, "HCL Technologies is committed to bringing new opportunities and creating a better future for the people. Over the past couple of years, we have successfully expanded to emerging IT hubs like Madurai, Lucknow, Vijayawada and, of course, Nagpur. At HCL, we identify the strongest capabilities in our workforce to ensure the best result for our clients. The expansion of the HCL campus in MIHAN is aligned with our strategic vision to expand and create opportunities in the emerging cities."

"I thank the Government of Maharashtra for their support in setting up and expanding this facility. We are confident that HCL's growing presence in the state will create more employment opportunities for the youth," Mr Gupta added.

HCL's venture in Nagpur, which aims to have a gender-equal workforce, is driven by the availability of quality local talent and scalable infrastructure. It will also provide residents with an opportunity to pursue careers right from their own towns. The creation of the HCL Delivery Center in Nagpur is in line with HCL's strategic vision to expand and create opportunities in tier-II cities across India.

Also present at the occasion were Shri Chandrashekhar Bawankule, Guardian Minister, Nagpur, Shri Krupal Tumane, Member of Parliament, Shri Sameer Meghe, MLA and Shri Suresh Kakani, Vice Chairman and Managing Director, MADC Ltd.

Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.1062.4 as compared to the previous close of Rs. 1076.45. The total number of shares traded during the day was 15238 in over 581 trades.

The stock hit an intraday high of Rs. 1075.75 and intraday low of 1051.1. The net turnover during the day was Rs. 16205053.


Source: Equity Bulls

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