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IT solutions service provider L&T Infotech has received a $10 million contract from state-run Rail Vikas Nigam (RVNL) to integrate its business functions.
"L&T Infotech, a global provider of information technology services and solutions, has been awarded a contract worth USD 10 million to integrate the business functions of Rail Vikas Nigam (RVNL)," the company said in a release today.
RVNL is a wholly-owned public sector company under the Ministry of Railways, with the specific mandate of fast tracking implementation of rail infrastructure projects.
As per the contract, the company will deploy SAP ERP solutions to integrate business operations within RVNL.
"We will be implementing world-class SAP ERP for Rail Vikas Nigam. Our unique solutions will help RVNL streamline its operations thereby helping them save valuable time, resources and money," L&T Infotech Managing Director VK Magapu said in the statement.
Under the terms of the agreement, L&T Infotech will also deliver data centre hosting, collaboration and networking, including e-tendering, project management, finance, HR functions as well as user support and maintenance.
It will also integrate RVNL's 24 project implementing units (PIUs) across India, including their corporate office at New Delhi.
Commenting on the agreement, RVNL Director Finance Ashok Ganju said, "We look forward to working with L&T Infotech for implementation of the state-of-the-art IT solutions for project management of rail infrastructure projects.
"Using SAP, RVNL will be able to map business processes in a highly integrated way, which will help reduce costs and ensure speedy implementation of railway projects," he added.
