Corporate Infotech awarded Rs 1.14 billion project with Indian Oil

17 Jun 2024 CW Team

Corporate Infotech Pvt Ltd (CIPL) has secured a three-year contract valued at Rs 1.14 billion from Indian Oil Corporation Limited (IOCL) for the comprehensive annual maintenance of IT infrastructure across all divisions of the state-owned firm.

According to CIPL, more than 400 engineers will be deployed to oversee regular comprehensive maintenance of IT infrastructure spanning 131 locations nationwide for IOCL.

Vinod Kumar, MD & CEO, CIPL, expressed, "The significant contract with IOCL marks a milestone achievement for our company. It highlights CIPL?s proven track record and dedication to delivering successful projects for our clients."

The maintenance services will encompass both corrective and preventive measures for a variety of IT hardware. CIPL, a prominent player in the IT and ITeS sector headquartered in Noida, reported a turnover of Rs 6.5 billion in FY24 and targets a total turnover of Rs 10 billion in FY25.

The company has a history of executing multiple projects for public sector undertakings (PSUs) such as ONGC, SPMCIL, PFMS, NTPC, and Airport Authority of India (AAI), among others.

(Source: BusinessLine)

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