HCL Tech on the green mile

HCL Tech, yesterday evening announced a new large contract with New Zealand dairy co-operative Fonterra to modernise and manage the entire technology infrastructure Fonterra employees around the world use every day.

The multi-year partnership with HCL Technologies will consolidate Fonterra’s technology suppliers and bring together the Co-op’s IT infrastructure services under one umbrella. The technology edge services provided by HCL will enhance Fonterra’s employee experience, to navigate through their business operations.

This partnership will also extend HCL’s New Zealand presence to three offices within the country and will bring around 60 new jobs to the Waikato region, as the local support services for Fonterra employees will be based at its Hamilton Delivery centre.

No financial details of this deal was mentioned.

Nevertheless, the market was very happy about this at the opening bell; it opened around 1% higher at Rs.611 levels and went up to an intraday high at Rs.617.90, rising almost 2%. Its 52-week stands not too far at Rs.624.