Reliance Comm wins 1,400 cr HDFC order

Reliance Comm wins 1,400 cr HDFC order

Mumbai: Reliance Communications, India’s number two mobile phone carrier by subscribers, said on Thursday it received an order worth 1,400 crore ($303 million) for building and maintaining a data center for HDFC Bank .

The contract with HDFC Bank, the country’s number three lender, is for 15 years, Reliance Communications said in a statement.

Reliance Communications shares rose as much as 1.9% to 90.50 on Thursday in a Mumbai market that was down 0.1% at noon. The stock is down about 38% so far this year.

The company plans to build a new facility for the HDFC Bank data centre that would be ready in two years, the statement said.