GNFC's tech division eyes overseas foray

GNFC serves over 11,500 companies through its (n) Code platform for e-tender and e-procurement

Having posted close to 30 per cent growth in its annual turnover and nearly 40 per cent rise in bottom line for the previous financial year (FY17), state-owned Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) is planning to take its information technology division, (n)Code Solutions, abroad.
 
The company’s IT division registered a 29.45 per cent growth in FY17 in its annual turnover to close at Rs 189 crore, up from Rs 146 crore in FY16, while its net profit grew 37.84 per cent from Rs 37 crore to Rs 51 crore.
 
With e-governance projects in the domestic