Infotech Enterprises has bagged a Rs 386 crore long-term contract from $18 billion Bombardier Transportation, a US-based rail equipment manufacturing major, to provide a range of services in design engineering projects for the railway industry.
B V R Mohan Reddy, chairman and managing director of Infotech said, the order size for the current fiscal would be about Rs 6 crore which would increase to Rs 20 crore next year and at the end of third year the size will reach Rs 60 crore per annum. The duration of the contract is for four years and is extendable by another four years.
