HCL Technologies Ltd (HCL) said it has signed a five-year IT infrastructure outsourcing agreement worth S$ 110 million with Singapore Exchange (SGX).
Under the agreement, HCL will provide SGX with infrastructure support and management services including the Exchange’s reach initiative. The S$ 250 million reach initiative aims to create world’s fastest trading engine, establish a state-of-the-art data centre offering co-location facilities and seamlessly connect trading communities in global financial hubs to Singapore, HCL said in a regulatory filing.
On Monday, HCL’s shares ended 3.3% up at Rs381 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.6% up at 17,338 points.
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