HCL Technologies gains on pact with LeasePlan on strategic ICT Initiative

The stock was up 3.3% at Rs 777 on the BSE as compared to 0.25% rise in the S&P BSE Sensex at 09:59 AM.

HCL Technologies was trading higher by nearly 4% at Rs 780, extending its Friday’s gain on the BSE, after the company announced that it has signed a strategic IT partnership contract with LeasePlan, a global fleet management and driver mobility company of Dutch origin.

“Under the terms of agreement, HCL will create Group Competency in collaboration with LeasePlan Information Services to provide IT solutions in various domains such as core leasing platforms, business intelligence and data warehousing solutions, enterprise IT solutions, and application development & maintenance services,” HCL Technologies said in a statement.

HCL will manage and enhance some of the existing application suites, including core leasing platforms, development and roll-out of global IT programs and operations for lease plan, it added.

At 09:59 AM, the stock was up 3.3% at Rs 777 on the BSE as compared to 0.25% rise in the S&P BSE Sensex. A combined 1.01 million equity shares changed hands on the counter on the BSE and NSE so far.