CORE Projects bags order worth Rs 124 crore from Gujarat Govt

10 Aug 2011 Evaluate

CORE Project and Technologies (CORE) has bagged its second large contract worth Rs 124 crore from Gujarat Government  to implement Computer Aided Learning (CAL) in 3236 primary schools in the state of Gujarat. With bagging of this order, CORE has crossed a major milestone crossing a tally of over 9,000 schools in India in a record span of just over a year.

The latest Gujarat project will augment the focus of the State Government to improve the quality of educations in schools by ushering in enhanced use of technology. The project, which is expected to generate 3,250 jobs, cover five districts - Surat, Vadodara, Dahod, Baruch and Narmada - and two Muncipal Corporations - Surat and Vadodara. The company is already working with the state on several fronts for Skill Development initiatives.

Currently, CORE is present in 645 schools in Gujarat through an earlier Information and Communication Technology (ICT) contract. The company has also bagged similar CAL and ICT contracts for 2,662 schools in Haryana, 1,250 in Punjab, 947 in Maharashtra, 267 in Meghalaya and 73 schools in Nagaland.

Globally, CORE caters to over 85,000 schools across 20 State Governments in US, 40 Educational Departments in UK, 9 African countries and 12 State Governments in India, touching lives of more than 31 million students.

Core Projects and Technologies operate in three segments; Education, Enterprise Resource Planning (ERP) and consulting and logistics. The major contribution to the revenues of the company comes from the education solutions segment which contributed about 75% to the total revenues of CPTL in FY10 while the ERP segment contributed about 19% and the remaining 6% came from the consulting and logistics segment.

Peers
Company Name CMP
TCS 3669.50
Infosys 1406.25
HCL Tech. 1323.00
Wipro 437.75
Tech Mahindra 1232.50
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