NSEUpdates3d ago · 24 Jul 2026, 12:09 pm

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HCL Technologies Limited · HCLTECH

✦ AI Summary▲ PositiveExpansion

HCLTech announces the establishment of its first AI Data Center in Bhubaneswar, Odisha, in partnership with Sarvam and the Government of Odisha, with a planned capital outlay of Rs 14,257 crores.

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Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10

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Full Announcement

HCL Technologies Limited has informed the Exchange regarding 'Sub: Release: HCLTech announces AI Data Center in Bhubaneswar in partnership with Sarvam and Government of Odisha Ref.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015'.

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HCLTECH_24072026120803_ReleaseRegulation30.pdf

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July 24, 2026 The General Manager The Manager BSE Limited National Stock Exchange of India Limited Listing Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street 5th Floor, Plot No. C-1, Block-G Mumbai- 400 001 Bandra-Kurla Complex, Bandra(E) Mumbai-400 051 BSE Scrip Code: 532281 NSE Scrip Code: HCLTECH Sub: Release: “HCLTech announces AI Data Center in Bhubaneswar in partnership with Sarvam and Government of Odisha” Ref.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), enclosed please find a release on the captioned subject being issued by the Company today. This is for your information and records. Thanking you, Yours faithfully, For HCL Technologies Limited Manish Anand Company Secretary Encl.:a/a HCL Technologies Ltd. Technology Hub, Special Economic Zone Corporate Identity Number: L74140DL1991PLC046369 Plot No. 3A, Sector 126, NOIDA– 201304, UP, India Registered Office: t: +91 120 4306000 806 Siddharth, 96, Nehru Place, New Delhi -110019, India HCLTech announces AI Data Center in Bhubaneswar in partnership with Sarvam and Government of Odisha The investment will accelerate India’s sovereign AI and data ecosystem Bhubaneswar and NOIDA, India, July 24, 2026: Further to the announcement dated July 13, 2026, relating to its proposed entry into the full-stack AI market, HCLTech, a global technology company, today said that it plans to set-up its first AI Data Center in the upcoming Odisha Sovereign AI Park. The AI Data Center will be established in partnership with Sarvam and the Government of Odisha. The planned capital outlay for the project will be Rs 14,257 crores, including financial assistance from the Government of Odisha. This investment will boost India’s sovereign AI play and local developer ecosystem by leveraging HCLTech’s full-stack AI capabilities and Sarvam’s foundation models to offer sector-specific AI applications to private and public sector enterprises and address the government’s sovereignty needs. It will also contribute to delivery of multi-lingual AI based services to the last mile, in line with Hon’ble Prime Minister Sh. Narendra Modi’s clarion call of AI for the benefit of everyone. A Memorandum of Understanding to this effect was signed between HCLTech, Government of Odisha and Sarvam in the presence of the Hon’ble Chief Minister of Odisha, Sh. Mohan Charan Majhi; Dr Mukesh Mahaling, Hon’ble Minister of Electronics and IT, Government of Odisha; Roshni Nadar Malhotra, Chairperson, HCLTech; C Vijayakumar, CEO & MD, HCLTech and Pratyush Kumar, Co- Founder of Sarvam. Roshni Nadar Malhotra, Chairperson, HCLTech commented, “HCLTech has been a flagbearer of India’s technology industry. In line with the Digital India and Atmanirbhar Bharat vision of Hon’ble Prime Minister Sh. Narendra Modi, we strive to be an enabler of India's sovereign AI ecosystem with differentiated offerings across the value chain through focused investments and partnerships. We are pleased to start this endeavor in partnership with Odisha government and Sarvam.” “This is an important milestone in our full-stack AI play and will enable us to serve the large demand for sovereign AI solutions and unlock the scale of our strategic partnership with Sarvam. Odisha offers a progressive policy environment backed by excellent infrastructure and we look forward to working with them in collaboration with Sarvam, added C Vijayakumar, CEO & Managing Director, HCLTech. According to Pratyush Kumar, Co-Founder, Sarvam, “The Odisha Sovereign AI Park will connect high-performance compute with Indian models and real-world applications. Together with HCLTech, we are excited to bring Sarvam’s full-stack AI capabilities to enterprises and public systems at scale.” India is the among the fastest growing technology markets globally and a growth market for HCLTech. The country’s data center ecosystem is on a rapid growth trajectory, driven by strong demand from a vibrant digital economy, data localization and critical infrastructure needs to support GPU deployments for AI training and inference workloads. About HCLTech HCLTech is a global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology & Services, Semiconductor, Telecom and Media, Retail and CPG, Mobility and Public Services. Consolidated revenues as of 12 months ending June 2026 totaled $14.8 billion. To learn how we can supercharge progress for you, visit hcltech .com.