NSEUpdates3d ago · 24 Jul 2026, 12:09 pm
Updates
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.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
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'.
Attachments (1)
📄pdf
Download →
HCLTECH_24072026120803_ReleaseRegulation30.pdf
View document text
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.