HCL BAGS $113 MILLION DEAL FROM ONCOR

HCL BAGS $113 MILLION DEAL FROM ONCOR

Information technology major HCL Technologies announced that it has entered into two five-year deals for a total value of $113 million (about Rs 544.57 crore) with US-based energy management firms – Oncor and Energy Future Holdings to meet their IT requirements.

While HCL will connect and support Oncor's corporate functions, grid management operations and other community-based field service centres, for EFH, the company will manage its IT infrastructure landscape comprising data centre, voice and data networks and end user computing services, HCL Tech said in a statement.

The deal with EFH is estimated to be worth $80 million, while the five-year contract with Oncor is worth about $33 million, it added."With this new contract (with Oncor), HCL will be investing in both the utilities sector and in Texas, through the development of a worldwide Utilities Center of Expertise in Dallas, which will research and develop technologies to help transform the way energy is generated and delivered to customers around the world," HCL Infrastructure Services. The software exporter will also provide service desk and desk-side services to about 3,600 employees of Oncor, which operates the largest electric distribution and transmission system in Texas, US.

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