HCL Technologies has bagged a Rs 2,400 crore deal


HCL Technologies  bagged the deal  from French telecommunications giant Alcatel Lucent for rolling out 2G/3G support services and R&D development.”In conjunction with the targeted cost savings of our Shift Plan, we entered into a 7-year master service agreement with HCL Technologies regarding the transfer of a part of our R&D department for certain legacy technologies,” Alcatel said in its half yearly report.

For HCL, the deal comes on the heels of two other massive deals it signed in the past few months — a $400 million contract from Norway’s DNB Bank to manage IT infrastructure and application operations for all DNB businesses across Norway and its key international locations, and a $500 million contract from food and beverage giant Pepsi.

“As part of an initial three year transition and transformation phase, we are committed to restructuring those activities, which is estimated to cost 29 million. Overall, Alcatel-Lucent is committed, under this agreement, to purchase approximately 297 million (about $400 million) of HCL services until 2021,” the French telecom giant said in its report.