3i Infotech Secures ₹37.05 Crore IT Contract From HPCL

MUMBAI, June 10, 2026 — Indian IT services provider 3i Infotech Limited announced on Wednesday that it has secured a significant domestic purchase order valued at approximately ₹37.05 crore ($4.4 million) from Hindustan Petroleum Corporation Limited (HPCL). The contract tasks 3i Infotech with provisioning comprehensive IT Facility Management Services (FMS) across HPCL’s distributed IT infrastructure over the next three years. The development, executed on June 9, 2026, marks an expansion of 3i Infotech’s enterprise footprint within India’s public sector oil and gas industry.

3i Infotech Expands Enterprise Portfolio With HPCL Infrastructure Deal

Under the terms of the newly finalized agreement, 3i Infotech will manage and optimize the distributed enterprise information technology setups for HPCL. The execution timeline spans a fixed period of three years. According to regulatory disclosures, the total contractual consideration of ₹370.5 million (₹37.05 crore) is exclusive of all applicable statutory taxes and centralized duties.

The primary objective of the IT Facility Management Services contract centers on enhancing operational efficiency and modernizing infrastructure upkeep across HPCL's nationwide operations. Industry analysts note that the multi-year public sector assignment offers strong long-term revenue visibility for 3i Infotech, supporting its broader working capital goals for the upcoming fiscal cycles.

The project award follows a string of recent statutory regularizations for 3i Infotech. Earlier in mid-2026, the mid-cap software enterprise resolved historical direct tax disputes under the Union Government's Direct Tax Vivad Se Vishwas Scheme, effectively offloading substantial accumulated balance-sheet liabilities. Furthermore, the business successfully closed its Q4 FY26 review tracking the strategic deployment of its ₹64.10 crore rights issue proceeds toward structural working capital augmentation.

Strict Compliance Alignment and Institutional Disclosures

The technical allocation was formally communicated via electronic listings to both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The corporate filing was cleared under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

To satisfy standard Indian market regulatory criteria, the management confirmed the following parameters:

• Related Party Status: The commercial contract does not fall within the purview of related party transactions.

• Promoter Alignment: None of 3i Infotech’s promoter groups, directors, or associated entities hold any equity or structural interest in Hindustan Petroleum Corporation Limited.

• Internal Audits: The technical disclosures aligned precisely with SEBI Master Circular guidelines issued earlier this year on January 30, 2026.

Official Sources Section

The financial parameters, commercial terms, and statutory oversight frameworks of this project were confirmed via standard corporate declarations filed by 3i Infotech Limited with the Securities and Exchange Board of India and the executive secretariats of the national stock exchanges.

Quote Section

"According to officials familiar with the regulatory filings, the implementation formalities were processed following an internal management review. The contract will run through mid-2029, systematically advancing HPCL's operational architectures across its localized processing nodes."

Why It Matters

For enterprise investors and domestic financial institutions, this long-term deal signals sustained momentum for mid-tier IT services vendors capturing specialized public sector undertakings (PSU) contracts. By choosing an domestic digital transformation specialist, HPCL mitigates critical deployment bottlenecks across its logistics network, ensuring localized customer support, improved database uptimes, and refined data security across its retail, refining, and administrative divisions.

Key Facts at a Glance

• Total Contract Value: ₹37.05 crore (₹370.5 million), exclusive of direct service taxes.

• Awarding Entity: Hindustan Petroleum Corporation Limited (HPCL).

• Vendor Selection: 3i Infotech Limited (NSE: 3IINFOLTD / BSE: 532621).

• Project Duration: 36 Months (3-Year Fixed Duration).

• Core Service Scope: End-to-end Distributed IT Facility Management Services (FMS).

FAQ Section

What is the precise financial value of the contract won by 3i Infotech?

The purchase order is valued at approximately ₹37.05 crore (370.5 million Indian Rupees). This baseline budget is fixed and excludes extra municipal or centralized taxes.

Who awarded the contract and what is the project duration?

The IT contract was awarded by Hindustan Petroleum Corporation Limited (HPCL), a prominent public sector oil and gas enterprise. The operational execution timeline is set for three years.

What specific services will 3i Infotech provide to HPCL?

3i Infotech is designated to deliver IT Facility Management Services (FMS), focused on monitoring, supporting, and maintaining HPCL's distributed, multi-location computing architectures and enterprise workflows.

Does this corporate arrangement involve any conflict of interest?

No. As per the official compliance listings filed under SEBI Regulation 30, the transaction does not involve related parties, and no promoters or directors hold any vested interests in the client entity.

Source: Official regulatory compliance filings submitted by 3i Infotech Limited to the Bombay Stock Exchange and the National Stock Exchange of India on June 10, 2026.