Deal Covers 2024‑2031 Term with Option to Extend Five Years, Boosts Order Book

The contract spans an initial period from July 2024 through December 2031, with a built‑in provision to prolong the engagement for an additional five years. HCLTech estimates the full value of the arrangement at $1.14 billion for the first phase, and expects the new revenue stream to strengthen its order book and provide a solid foothold in AI‑focused services.