HCLTech plans ₹500 crore expansion of HCL IT City in Lucknow

HCLTech announced a ₹500 crore expansion of its Lucknow campus, adding 9.5 lakh square feet of space for about 4,500 technology professionals.

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What happened

HCLTech announced plans to expand HCL IT City in Lucknow with an outlay of ₹500 crore, according to Upstox and Newsbytes.
The expansion adds about 9.5 lakh square feet of capacity, which can house about 4,500 technology professionals.
The campus has operated since 2016 and employs more than 12,500 people serving over 150 global enterprises.
HCLTech also launched the HCL-GUVI Emerging Technology Centre at the campus, focused on AI and data analytics.
The shares closed at ₹1,195.00, down 0.57%. HCLTech's September-quarter results are scheduled for 12 October, according to Upstox.

Good to know: The ₹500 crore is a planned capital outlay for buildings and facilities. It is not a figure from the company's income statement.

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