HCLTech partners with Neste for a long-term AI-led efficiency transformation

HCLTech, a leading global technology company, today announced that it has been selected as a strategic partner by Neste, the world's leading producer of sustainable aviation fuel and renewable diesel.

The partnership is part of Neste's company-wide performance improvement program which is making the company operationally stronger, strategically more focused and better prepared for growth in its core renewables business. As part of this, HCLTech will drive IT service consolidation, boost efficiency and build an agile, scalable technology capability. Going forward, Neste will look to utilize HCLTech's scale and deep technical expertise in areas directly related to its core business competencies.

"As part of our ongoing efforts to improve performance and simplify our IT landscape, this partnership plays a key role in strengthening our core IT capabilities," said Eeva Sipilä, CFO at Neste. "Our initial priority is to drive efficiency and maintain business continuity. We look forward to building a solid foundation and a long-term collaboration to deliver Neste's business goals."

"This partnership is an important step in strengthening Neste's IT service delivery and supporting a more efficient operating model with the changing needs of global energy sector," said Ajay Bahl, Chief Growth Officer , Energy and Manufacturing y at HCLTech. "We look forward to working closely with Neste to ensure a smooth transition and deliver reliable, highquality services that support their business operational excellence and Neste's strategic goals."

Shares of HCL Technologies Limited was last trading in BSE at Rs. 1109.90 as compared to the previous close of Rs. 1130.10. The total number of shares traded during the day was 87286 in over 5972 trades.

The stock hit an intraday high of Rs. 1126.20 and intraday low of 1105.60. The net turnover during the day was Rs. 97273655.00.

Source : Equity Bulls

Keywords

HCLTechnologies INE860A01027 StrategicPartner Neste