Shares of Infosys Ltd fell 1% after touching a day’s high of Rs 1,488.60 on 15th October, even as the company announced that it has secured a £1.2 billion (over Rs 14,000 crore) contract from the NHS Business Services Authority (NHSBSA) to build and manage a new workforce management platform for the National Health Service in England and Wales.

The 15-year contract will replace the existing Electronic Staff Record system, which manages payroll for 1.9 million NHS employees.

The new platform will streamline recruitment, onboarding, payroll, and career management across the NHS, supporting its 10-year health plan. Infosys stated that it will utilise AI to enhance workforce planning and user experience.

Michael Brodie, CEO of NHSBSA, stated that the project will serve as a strategic tool for building a future-ready workforce.

Infosys CEO Salil Parekh added that the company will use its global digital expertise and AI platform, Infosys Topaz, to deliver a solution that boosts efficiency and empowers the NHS.

At 12:19 PM, the shares of Infosys were trading 1.19% lower at Rs 1,472.20 on NSE.

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