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HCL Technologies Indications Contract With German Chemical Business; Stock Ens Lower

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HCL Technologies shares ended the day at Rs 1,133.70, lower by 0.6 per cent, on BSEHCL Technologies (HCL) has signed a five-year arrangement with German multinational chemical company Wacker Chemie AG to develop a modernized digital work environment and improve its quality-of-service delivery.

Wacker's engagement with HCL will lead to significant cost effectiveness through modernization, standardization and automation, HCL said in a regulative filing to the stock market.

We wanted a partner to not only improve our digital improvement journey, but likewise support the 'Wacker Digital Program,' helping us to end up being a digital leader in the chemical market, HCL Technologies added.

Wacker was wanting to change its current sourcing model with a long-term 'Next Generation Managed Service' sourcing model, Dirk Ramhorst, CIO and CDO, Wacker Chemie AG said.The shares of HCL Technologies ended the day at Rs 1,133.70, lower by 0.6 per cent, on the BSE as against a 0.29 per cent decline in the benchmark indices.




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