HCL Technologies (HCL), a leading global technology company, today announced it has renewed its IT operations and transformation agreement with Equinor, the largest supplier bf oil and gas in the Nordic energy market and the largest offshore operator in the worldl The multi-million-dollar deal will focus on IT Infrastructure and cloud services that will subport Equinor in enabling an efficient workplace, reliable IT operations and support the conipany's cloud initiatives.
This is a significant move forward based on a seven-year HCL Equinor relationship and also demonstrates HCL's understanding of Equinor business. HCL and Equinor are happy to continue the collaboration as Equinor moves forward with its digitization strategy by accelerating their cloud journey, and increased focus on user experience. This will help Equinor to identify new ways of working to enhance speed and agility and provide a robust platform for their digital Initiatives.
Equinor with its roots in the oil and gas industry, is developing as a business, including an increased focus on alternative energy sources. Also, the company is developing the business processes to become as agile, innovative and efficient as today's and tomorrow's business environment demands.
"This renewal of IT infrastructure and move to cloud services, coupled with digital transformation initiatives for Equinor underscores a key tenet of HCL's success strategy, creating delighted customers and delivering consistent value over time to build long lasting relationships", said Pankaj Tagra, EVP & Head of Nordic & DACH Business at HCL Technologies. "Our engagement with Equinor has expanded as a transformation partner where we can drive future value for its business through ou strategic Mode -2 offerings including Cloud services."
HCL works with established and emerging energy and utilities companies, helping them drive customer-centric transformation initiatives through its technology partnerships, strategic IP and strong delivery capabilities, delivered through on-, near- and offshore locations and innovation labs.
Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.1085.9 as compared to the previous close of Rs. 1080.15. The total number of shares traded during the day was 22338 in over 838 trades.
The stock hit an intraday high of Rs. 1099.8 and intraday low of 1074.65. The net turnover during the day was Rs. 24354853.