HCL Technologies shares surge 2% as firm signs new deal with Neste; broadens Nokia partnership

HCL Technologies shares gain nearly 2% to an intraday high of ₹1,133.50 apiece on Thursday, June 25, after the IT services firm expanded its partnership with Nokia and entered into a new collaboration with Neste.

In a regulatory filing, HCLTech said it has expanded its partnership with Nokia to accelerate the adoption of autonomous networks using AI-driven automation. As part of the collaboration, the company will co-develop network automation RAN applications (rApps), including four new rApps that will be hosted on Nokia’s SMO Marketplace.

As part of the partnership, the Indian IT services company will strengthen Nokia’s autonomous network offerings with its advanced rApps. These applications will help telecom operators move towards AI-driven, self-optimising network operations.

HCL Technologies said that the exclusive placement on Nokia’s SMO Marketplace will make its rApps easily accessible and deployable for global operators within an open, standards-based ecosystem. The company added that the partnership lays the foundation for long-term joint development of next-generation rApps to meet evolving needs across 5G and future network technologies.

“Our partnership with Nokia enables us to bring scalable, AI-driven rApps to the forefront, helping operators accelerate network automation, improve efficiency, and confidently advance toward self-driving networks,” said Hari Sadarahalli, Corporate Vice President and Global Head, Engineering and R&D Services, HCLTech.

New deal with Neste

In a separate filing on Wednesday, HCLTech said it has inked a new deal with aviation fuel and renewable diesel-producing company Neste for AI-led efficiency transformation.

As part of the partnership, HCLTech will drive IT service consolidation, boost efficiency, and build an agile, scalable technology capability. Going forward, Neste will utilise HCL’s scale and deep technical expertise in areas directly related to its core business competencies.

“Our initial priority is to drive efficiency and maintain business continuity. We look forward to building a solid foundation and a long-term collaboration to deliver Neste’s business goals,” said Eeva Sipilä, CFO at Neste.

Neste is a producer of renewable diesel and sustainable aviation fuel (SAF), with production on three continents. The company’s renewables production capacity is expected to reach 6.8 million tonnes annually in 2027.

The firm also produces high-quality oil products at its Porvoo refinery in Finland and has a network of nearly 1,000 fuel stations with expanding service offerings, such as EV charging, in Finland and in the Baltics.

HCLTech and ServiceNow expand partnership

The Noida-based company on Thursday said it has expanded its collaboration with Google Cloud and ServiceNow to deliver AI agents for enterprise adoption on the Gemini Enterprise platform.

“Building on HCLTech’s recently launched Gemini Enterprise business unit, the latest collaboration brings together advanced ServiceNow AI capabilities, enterprise workflow orchestration and industry expertise to enable organizations to deploy and scale AI in real business environments,” the IT services company said.

HCLTech will introduce enterprise AI solutions on Gemini Enterprise that combine Gemini’s advanced AI capabilities with ServiceNow’s workflow platform—anchored in ServiceNow’s Blueprint for Agentic Business—a framework for structured, outcome-driven AI adoption.

HCL Technologies share price trends

At 10:20 AM, HCL Technologies shares were at ₹1,122.80 apiece on the National Stock Exchange, rising 0.8%.

For a month’s time, shares of the company have lost over 4%, while they have fallen 33% in the past six months. From the beginning of the year, HCL Technologies shares have tumbled 32%.

Shares of the company had touched their one-year high of ₹1,780.10 apiece on February 3, 2026, while their 52-week low of ₹1,089.50 was hit on June 11, 2026.

HCL Technologies has a total market capitalisation of ₹3.02 lakh crore as of June 24, 2026, according to data on the NSE.