HCL Technologies spurts on bagging a contract from Synergy

15 Sep 2016 Evaluate

HCL Technologies is currently trading at Rs 778.20, up by 2.55 points or 0.33% from its previous closing of Rs 775.65 on the BSE.

The scrip opened at Rs. 782.00 and has touched a high and low of Rs. 784.00 and Rs. 775.10 respectively. So far 23176 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 985.50 on 30-Sep-2015 and a 52 week low of Rs. 706.50 on 11-May-2016.

Last one week high and low of the scrip stood at Rs. 794.50 and Rs. 770.00 respectively. The current market cap of the company is Rs. 109740.70 crore.

The promoters holding in the company stood at 60.36%, while Institutions and Non-Institutions held 32.25% and 7.39% respectively.

HCL Technologies (HCL), a leading global IT services company, has won a contract to provide application management services for Western Australia's leading energy provider, Synergy. Under the terms of the contract, HCL will transform and support the organization’s digital and business applications landscape enabling consolidation and rationalization in the changing energy environment. A total of 85 applications will be transitioned, consolidated and optimized by HCL to deliver ongoing support for mission-critical bespoke energy and utilities applications in a flexible ‘as a service’ model.

Synergy is Western Australia's largest electricity generator and retailer of gas and electricity with more than one million residential, business and industry customers providing energy to franchise and contestable market segments in the South West Interconnected System (SWIS). The organization owns and operates power stations in the SWIS electricity grid, which extends from Kalbarri in the north, east to Kalgoorlie and south to Albany.

HCL was awarded the contract for its technical skills, service delivery model, cost and overall support based on processes that support continual improvement to fast-track innovation and efficiency. At the same time, HCL will partner with Ignia, an Insight company, and a national leader in business technology consulting and managed services, to implement next generation digital services. These new customer experience management-focused services will be based on Sitecore software and Microsoft Azure which together will deliver contextual customer engagement by linking the company's external digital presence with back end systems.

HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses. With 107,968 professionals from diverse nationalities, HCL Technologies focuses on creating real value for customers by taking 'Relationships beyond the Contract'.

HCL Tech. Share Price

1118.35 -12.80 (-1.13%)
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