Reliance Comm wins order worth $303 million | business | Hindustan Times
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Reliance Comm wins order worth $303 million

business Updated: Sep 08, 2011 13:04 IST
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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.

($1=46.2 rupees)