17 March 2011

Educomp bags Rs.6.81cr multimedia content development projects

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Educomp bags Rs. 6.81cr multimedia content development projects

Educomp Solutions has bagged two contracts worth  `6.81cr from Gujarat and Assam
governments for developing multimedia content for state-level schools. Edureach, the
company’s information and communications technology (ICT) division, has been awarded
these two projects by the governments.
The contract from the Government of Gujarat is for the development and installation of
2D/3D-based multimedia content across all  schools in Gujarat and development of web
portal for learning management. The project is for five years, including updation of content
as per the change of state syllabus. The scope includes development of multimedia
learning content in Gujarati medium for class  VII to X, covering core subjects such as
English, Mathematics, Science and Social Studies in around 265 learning areas. This will
be used across 3,500 schools.
In Assam, Educomp has signed an agreement with Axom Sarba Siksha Abhijan Mission,
Government of Assam, for providing computer aided learning solutions in 2,199 middle
schools of the state. Educomp will develop, supply and install multimedia-based
educational content for computer-based education in Science, Mathematics and English in
three regional languages (Assamese, Bodo and Bengali). We continue to maintain our Buy
rating on the stock with a Target Price of Rs.674

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