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NIIT Technologies gains on entering into partnership with Sao Paolo International Airport

13 Nov 2013

NIIT Technologies is currently trading at Rs. 297.40, up by 1.20 points or 0.41 % from its previous closing of Rs. 296.20 on the BSE.

The scrip opened at Rs. 296.00 and has touched a high and low of Rs. 299.95 and Rs. 294.00 respectively. So far 1797 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 309.90 on 15-Oct-2013 and a 52 week low of Rs. 234.25 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 306.00 and Rs. 280.95 respectively. The current market cap of the company is Rs. 1792.69 crore.

The promoters holding in the company stood at 31.19 % while Institutions and Non-Institutions held 49.15 % and 19.66 % respectively.

NIIT Technologies, a leading global IT solutions organization, has entered into a partnership with GRU Aeroporto Internacional de São Paulo (Sao Paolo International Airport), the largest international airport in Latin America to implement and transform the Cargo Handling system at the airport.

This partnership, the first of its kind in Latin America, will result in a single platform cargo handling system, which will handle all performance and operational needs of the cargo terminal, including core processes such as import, export, national/domestic cargo and abandoned cargo. A web-enabled interface will connect and streamline all external customer service-based processes and agents. GRU will benefit with a fully integrated software platform that will enable enhanced efficiencies, increased monitoring and greater control over ground handling operations.

NIIT Technologies has a strategic partnership with SATS for marketing, implementation and support of COSYS solution globally. Combined with local processes and regulations, this solution ensures greater transparency and precision throughout the value chain. COSYS automates and simplifies processes, reduces duplication of data and paperwork and enhances overall customer service.

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 & transportation, manufacturing/distribution, healthcare and government sectors.

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