Reliance Communications, India's No 2 mobile phone carrier by subscribers, said on Thursday it received an order worth 14 billion rupees ($303 million) for building and maintaining a data center for HDFC Bank .
The contract with HDFC Bank, the country's No. 3 lender, is for 15 years, Reliance Communications said in a statement.
Reliance Communications shares rose as much as 1.9% to 90.50 rupees 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.