IQ Info bags Rs 20mn order from Reva

IQ Infotech has received an order aggregating to Rs 20 million for manufacturing of energy management system to be supplied to Reva Electric Car. The energy management system developed for the first time in the country for the electric car is being exclusively used by the Reva Electric Car Co over the last three years.

Reva is already exporting these cars to UK & Japan and there is a quantum jump for these exports to other countries also.

According to a release issued by the company to the BSE today, under this contract IQ Infotech will provide energy management system services to Reva and also expand its engineering services to include development and support of solution applications and utilize and extend Reva's business offerings.

The release further stated that, IQ Infotech is particularly looking forward to contributing to the focus areas of the customers which will enable expansion of the company's skills in these areas. Through this the company is hoping healthy financial growth in the current quarter as well as in the coming years.