HCL Tech signs $113 million deal with 2 US companies

Information technology major HCL Technologies Ltd has secured two five-year deals for a total value of $113 million (Rs545 crore) with US-based energy management firm Oncor and Energy Future Holdings to meet their IT requirements.

The Indian IT company will connect and support Oncor's corporate functions, grid management operations and other community-based field service centres, while 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 division vice-president and head of global sales R Srikrishna said.

The software exporter will also provide service desk and desk-side services to about 3,600 employees of Oncor, which operates the largest electricity distribution and transmission system in Texas, US.

According to a release by Oncor from Sunnyvale, California, the Noida-based HCL Technologies will provide IT infrastructure services to seamlessly connect and support Oncor corporate functions, grid management operations, and numerous community-based field service centres.