HCL Group to invest ₹500 crore to expand Lucknow IT City, add 4,500 tech jobs
HCL Group will invest ₹500 crore rupees to expand its IT City in Lucknow, adding 9.5 lakh square feet of capacity for 4,500 technology professionals, marking its 10th anniversary in the city.

HCL Group will invest ₹500 crore to expand its IT City in Lucknow, adding up to 9.5 lakh square feet of capacity that can accommodate around 4,500 technology professionals, the company said on Tuesday, October 6.The announcement was made as HCLTech marked the 10th anniversary of its operations in Lucknow in the presence of Uttar Pradesh Chief Minister Yogi Adityanath and HCLTech Chairperson Roshni Nadar Malhotra.The proposed expansion is expected to further strengthen Lucknow's position as a technology and global capability centre hub, HCL Group said.HCLTech to train 1,000 students in AIHCLTech will train 1,000 students across Uttar Pradesh in artificial intelligence and allied technologies through its LITMUS programme during FY27, as part of its focus on developing future-ready talent, according to the exchange filings.The company's TechBee programme has already trained and employed more than 2,200 candidates from Uttar Pradesh, HCLTech said.HCL Group also launched the HCL-GUVI Emerging Technology Centre at HCL IT City. The centre will equip students and professionals in the region with skills in AI, data analytics and other emerging technologies.HCL IT City campus currently employs more than 12,500 people and serves over 150 global enterprises, according to the company."Uttar Pradesh is on its way to becoming a trillion-dollar economy with representation from diverse sectors that ensure Sabka Saath, Sabka Vikaas. With Lucknow's AI City at the heart of that ambition, HCL IT City has, over the past decade, been the anchor of this story, contributing immensely to the region's technology and talent ecosystem," Yogi Adityanath said."We thank HCLTech for their continued commitment to Uttar Pradesh through business investments as well as innovative community initiatives to contribute to inclusive growth," he added.Roshni Nadar Malhotra said Uttar Pradesh is the "janmabhoomi and karmabhoomi" of HCL Group, where the company began its journey 50 years ago."As we celebrate the HCL Group's 50th anniversary this year, this expansion reflects our enduring trust in the talent, ambition and potential of Uttar Pradesh, and our confidence in the state's continued emergence as a leading destination for technology-led growth under the leadership of Hon'ble Chief Minister Yogi Adityanath ji," she said.HCLTech said it remains committed to contributing to Uttar Pradesh's digital and innovation journey.Also Read: Utkarsh SFB Q2 Business Update: Disbursements jump 55%, loan portfolio rises 8%
Related Stories
Gold prices near Rs 1.47 lakh/10 grams, silver falls by Rs 1,144/kg as traders await Fed rate signals. What lies ahead?
Gold prices edged lower while silver fell on MCX as investors awaited the US Federal Reserves upcoming policy decision for clues on interest rates. Traders expect rates to remain unchanged in October, with a possible hike in December. Analysts say dollar strength may cap golds upside, while central bank buying supports longer-term prices.

Infosys, TCS, Coforge, HCL Tech, TechM, Sagility: Selective rerating ahead, Jefferes shares target prices -
Infosys and TCS are seen as large IT companies offering 20 per cent-plus rerating potential in the best case. Sagility stands out among mid-sized companies, Jefferies said.

YES Bank share price targets: Goldman Sachs, Citi among 10 brokers with 'Sell' calls; what Nomura, others say -
Goldman Sachs has a target price of Rs 17 for YES Bank, while Citi sees the stock falling to Rs 16.50. Kotak Institutional Equities and Nuvama Institutional Equities have even lower targets of Rs 16.
