MoneyWorks4Me

ICSA, Dongfang bags LoI worth Rs 73.40 crore

08 Dec 2011 Evaluate

ICSA along with its lead consortium partner Dongfang Electronics company, China has bagged three letter of intents (LOIs) aggregating worth Rs 73.40 crore from three distribution utilities in state of Madhya Pradesh for the establishment of SCADA/DMS projects in 5 cities, Indore, Ujjain, Bhopal, Gwalior and Jabalpur in the state under RAPDRP scheme.

The company has bagged the first order worth Rs 23.33 crore from Madhya Pradesh paschim Kshetra Vidyut Vitaran Co., the second order is from M.P. Madhya Kshetra Vidyut Vitaran Co, Bhopal worth Rs 38.09 crore and the final order worth Rs 11.98 crore is from Madhya Pradesh Poorv Kshetra Vidyut Vitaran co., Jabalpur.

Earlier in September, the company along with its lead consortium partner Dongfang Electronics company, China bagged a LoA worth Rs 139.79 crore from Tamil Nadu Generation and Distribution Company for the establishment of SCADA/ DMS project in 7 cities in the state under RAPDRP scheme.

ICSA is in the business of providing technology solutions to power utilities. It also deploys infrastructure in distribution and transmission sectors for different state utilities.

Peers
Company Name CMP
TCS 2083.95
Infosys 1000.95
HCL Technologies 1259.40
Wipro 164.15
Tech Mahindra 1547.00
View more..