Indian firms, MNCs in race for Mittal's euro 400 million deal
Thursday, 6th January 2011
Indian software services firms Wipro and HCL Technologies will join global firms IBM, HP and CSC in a bid to snare an IT consolidation project of ArcelorMittal, the world�s largest steelmaker. The deal is expected to be worth up to euro 400 million (around Rs 2,360 crore).
The project, which aims to consolidate ArcelorMittal�s IT infrastructure across Europe, has the potential to be one of the largest in the region for the Indian software sector. It could also provide a firm foothold in a market that is receiving greater attention from domestic outsourcing companies.
According to sources, Brussels-based global sourcing advisory Quantum Step is advising ArcelorMittal on the deal. However, when contacted, a spokesperson for Quantum Step declined to comment. An email sent to ArcelorMittal�s India office did not elicit any response. Calls to its UK office went unanswered.
Publication : Business Standard