NIIT Technologies, a leading global IT solutions organization has secured an order for implementation of an auction system for the India Tobacco Board for the states of Karnataka and Andhra Pradesh. This is one of the key e-governance initiatives in the area of commodity marketing in India. The company has secured this contract against prominent players in the industry and is valued at Rs 35 crore.
The solution envisages usage of handheld devices; bidders will use handheld devices for conducting auction on real-time basis. The auction platforms will enable the farmers to sell their tobacco bales to the cigarette manufacturing companies. The process will ensure inventory reduction and transparency through real-time collaboration between buyers and suppliers. Approximately 1000 bales are expected to be auctioned at each location each day. The platform will ensure fair pricing for the farmers as the market intermediaries will be excluded in the process.
Besides, the company will be responsible for Infrastructure Support and Application Support for all Enterprise Applications. The project support team including Field Support, Data Center Support and Helpdesk will be made available post implementation for 6 years.
NIIT Technologies is a leading IT solutions organization, servicing customers in North America, Europe, Middle East, Asia and Australia. It offers services in application development and maintenance, managed services, IP asset or platform solutions, and business process outsourcing to organizations in the financial services, travel and transportation, manufacturing/distribution, healthcare and government sectors.
| Company Name | CMP |
|---|---|
| TCS | 2253.90 |
| Infosys | 1040.95 |
| HCL Technologies | 1270.70 |
| Wipro | 177.15 |
| Tech Mahindra | 1560.30 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: