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HCLTech Unveils 20 AI Solutions Across Industries

HCLTech
HCLTech surges after the IT major launched 20 AI solutions built for specific industries.

HCLTech shares touched a day high of Rs 1,211.80 on 8 October, after the IT major launched 20 AI solutions built for specific industries.

HCL Technologies Limited has rolled out 20 AI products, and each one targets a particular line of business instead of offering a generic tool.

The list covers banking, healthcare and life sciences, aerospace, retail, telecom, mobility, energy and manufacturing.

Some tools already run at scale for clients worldwide, while others are in early rollout. HCLTech built all of them in-house.

In factories and warehouses, an AI tool that reads images, called VisionX, has cut response times by over 90% and trimmed costs by 70%, the company said.

Before creating anything tangible, firms can test a plant or product on screen with SmartTwin. The company says that can get new products to market up to 44% faster.

In healthcare, HCLTech says its Intelligent Safety Platform has cut the time needed to process drug safety cases by 40% to 50%.

The firm also says an accounts payable tool has shortened processing cycles by 60% at a global motorbike and tools maker.

HCLTech plans to keep adding to the portfolio as more companies move from testing AI to using it at scale.

On 6 October, two days earlier, the firm announced a Rs 500 crore investment to expand its HCL IT City campus in Lucknow, with room for 4,500 professionals.

Shareholders also saw interim dividends of Rs 24 per share in April and Rs 12 per share in July.

HCLTech will consider its financial results and a dividend on 12 October, the NSE calendar shows.

At 14:32 pm, it’s trading at Rs 1,189.60 on NSE, up Rs 4.60 or 0.39% from the previous close of Rs 1,185.00.

Over the past week, the stock has slipped 4.32%, and over one year it has fallen 18.15%. Its market value is about Rs 3.23 lakh crore.

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