Wipro
Wipro gains 3% on long-term deal with Olam Group
Mumbai/IBNS: Shares of Wipro Limited climbed nearly 3 percent on Monday, tracking its long-term strategic transformation deal with Olam Group, media reports said.
The stock had ended the previous session about 2 percent lower and is down nearly 27 percent so far this year.
All about the Olam deal
Wipro's eight-year engagement with Olam Group is expected to exceed US$ 1 Billion in contract value, with a committed spend of US$ 800 Million.
As part of the engagement, Wipro will deliver end‑to‑end transformation services to Olam Group through a consulting‑led and AI‑powered approach.
The engagement will draw on Wipro’s industry expertise, partnerships with leading technology providers, and Wipro Intelligence, its unified suite of AI‑powered platforms, solutions, and transformative offerings.
The company says together these capabilities will strengthen Olam Group’s core operations and support the creation of a sustainable competitive advantage.
Building on this foundation, Wipro will deploy its capabilities across Olam Group’s ‘farm‑to‑fork’ value chain, delivering industry‑specific solutions that align with the Group’s business priorities.
This will focus on areas such as farming, forecasting, trading, supply chain operations, and customer engagement, with the goal of improving operational effectiveness, strengthening resilience, and supporting long‑term growth at scale.
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