Infosys, India’s second-largest software exporter has bagged order worth about Rs 750 crore from the Department of Posts (DoP). This is the second contract from the department for Infosys. Infosys has emerged as the lowest bidder for the contract. India’s largest software exporter Tata Consultancy Services and global services giant HP were the other vendors in the fray.
The contract is part of the government’s postal department modernization project. The financial services contract is among the eight that the department is outsourcing. According to the new project, Infosys would help with postal banking and insurance solutions, enabling the department to perform ‘anytime, anywhere’ banking.
Earlier this year, Infosys had also managed to bag the rural information and communications technology (ICT) system integrator (SI) contract, worth Rs 100 crore. In August 2010, the Cabinet Committee on Economic Affairs had approved the India Post Modernisation, IT modernisation project with a total outlay of Rs 1,877.2 crore. India Posts IT modernisation initiative is expected to create opportunities of Rs 5,000-crore for IT services and hardware companies.
Besides the financial services SI, other contracts include data centre facility, network integrator, mail operations hardware and change management. The bidding process for DoP’s core system integrator contract is on. This is touted as the largest of the eight contracts. The financial outlay of the project could not be confirmed.
Ever since Infosys established a separate business to focus on the domestic IT outsourcing market, it has been aggressively participating and winning government contracts. With the change in guard at Infosys, there were indications that the company will now increase its focus on emerging markets, including India.
| Company Name | CMP |
|---|---|
| TCS | 4168.05 |
| Infosys | 1922.05 |
| HCL Tech. | 1911.20 |
| Wipro | 305.15 |
| Tech Mahindra | 1685.20 |
| View more.. | |
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