IT firm HCL Technologies today said it has bagged an order worth Rs 393 crore from National Insurance Company (NIC) for providing end-to-end IT services and operations management.

In a filing to the Bombay Stock Exchange, the company said it has signed a contract with NIC worth Rs 393-crore for a period of seven years.

During the seven year engagement, HCL would be responsible for setting up and managing a new enterprise wide IT landscape for NIC, the filing added.

“Our engagement with NIC is a significant milestone in Indian industry with its large scale business transformation focus and truly world-class sourcing and technology constituents and standards,” HCL Technologies, India & Middle East, Senior Vice President Kiran Bhagwanani said.

“This partnership with HCL is very significant and critical for our organisation…. and we are excited about this engagement that will transform our technology systems and business process to help us confidently step into a new future,” NIC CMD V Ramasaamy said.

Further, this end-to-end transformational project would provide NIC with the next generation IT for modernisation and transformation of its business processes, it added.

Shares of HCL Technologies were trading at Rs 96.75, up 2.65 per cent on the BSE.