CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

India’s Wipro bags National Grid UK tech contract

By Vinu Lal

12:44, 21 October 2021

Electricity pylons facing skyline
Wipro will also help with mainframe migration and transition to managed services – Photo: Shutterstock

Indian software firm Wipro Limited has signed a multi-year technology contract with UK utility provider National Grid, the company updated local exchanges on Thursday. A report in datacenterdynamics.com said National Grid will spend up to $44.5m with Wipro which will provide ‘next generation capabilities in data centre, networks and improve the operating model’. 

In a press statement Shannon Soland, Chief Technology Officer, National Grid said, “As a strategic partner, Wipro will help us accelerate our digital journey as we work to achieve next generation capabilities in infrastructure hosting services. 

Digital transformation

As part of this engagement, Wipro through its Boundaryless Enterprise solutions will facilitate National Grid’s continued digital transformation, integration of its managed services and consolidation of multiple data centers across UK and US to next generation hosting services.

Wipro will also help with mainframe migration and transition to managed services, including the eventual implementation of a hybrid cloud solution for National Grid.

GBP/JPY

174.08 Price
+0.290% 1D Chg, %
Long position overnight fee 0.0085%
Short position overnight fee -0.0168%
Overnight fee time 21:00 (UTC)
Spread 0.220

AUD/USD

0.66 Price
+0.990% 1D Chg, %
Long position overnight fee -0.0076%
Short position overnight fee -0.0006%
Overnight fee time 21:00 (UTC)
Spread 0.00050

EUR/USD

1.08 Price
+0.650% 1D Chg, %
Long position overnight fee -0.0096%
Short position overnight fee 0.0014%
Overnight fee time 21:00 (UTC)
Spread 0.00050

USD/JPY

138.88 Price
-0.370% 1D Chg, %
Long position overnight fee 0.0107%
Short position overnight fee -0.0189%
Overnight fee time 21:00 (UTC)
Spread 0.060

Emissions control

“Our data centre consolidation efforts will allow us to realise an over 60% reduction in our data centre footprint as well as realise a 40% reduction in our data centre CO2 emissions. Additionally this transformational program, in conjunction with Wipro, will position our IT capabilities to enable modernised SDDC techniques, technologies, and operating models to accelerate our own digital journey,” Soland said.

In December 2020, National Grid had published a ‘digitisation strategy’ for its gas and electricity transmission businesses, where special mention was made on the group’s efforts to minimise emissions.

Shares drop

On a volatile trading session today where stock indices came under selling pressure, Wipro shares closed at INR696.30, dropping 0.80%, at the National Stock Exchange.

Read More: India’s Asian Paints reports fall in profit on higher input costs

Related topics

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 535.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading