NIIT soars on getting contract to provide managed training services to Statoil

08 Jun 2015

NIIT is currently trading at Rs. 40.00, up by 1.50 points or 3.90% from its previous closing of Rs. 38.50 on the BSE.

The scrip opened at Rs. 39.15 and has touched a high and low of Rs. 40.35 and Rs. 38.05 respectively. So far 42551 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 65.60 on 13-Jun-2014 and a 52 week low of Rs. 34.95 on 27-Mar-2015.

Last one week high and low of the scrip stood at Rs. 40.90 and Rs. 36.45 respectively. The current market cap of the company is Rs. 631.78 crore.

The promoters holding in the company stood at 34.25% while Institutions and Non-Institutions held 22.97% and 42.78% respectively.

NIIT has been awarded a five to ten-year contract to provide managed training services to Statoil, ASA, a Norwegian multinational oil and gas company, headquartered in Stavanger, Norway.  With this contract, NIIT’s Corporate Learning Group, a leading provider of managed training services, will provide comprehensive managed training services for a period of ten years, renewable after the first five years. The company shall run Statoil’s core operations for learning and competence administration and learning technology support, with options to buy additional services from NIIT's comprehensive suite, namely learning and competence advisory, content development, and strategic sourcing (aggregator services).

After a successful partnership between Statoil and NIIT for over the last five years, NIIT has now outcompeted some of the world's top companies in this space on both quality and cost. Statoil and NIIT are already planning the details of how they will build an even stronger partnership through this new contract.

NIIT is a market leading, global learning outsourcing company which provides a comprehensive suite of managed training services including Curriculum Design and Content Development, Learning Administration, Learning Delivery Management, Learning Technology (including LMS), Strategic Sourcing and Advisory Services.


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