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Infosys bags a contract from DoP
Infosys has bagged a `700cr-750cr financial services systems integrator contract from the
Department of Posts (DoP). This is the second contract from the department for Infosys.
Infosys emerged as the lowest bidder for the contract. Other vendors in the fray included
TCS and HP. The contract is part of the government’s postal department modernisation
project. The financial services contract is among the eight contracts that the department is
outsourcing. As part of this project, Infosys would help with postal banking and insurance
solutions, enabling the department to perform ‘anytime, anywhere’ banking. We maintain
our Accumulate rating on the stock with a target price of `2,705.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Infosys bags a contract from DoP
Infosys has bagged a `700cr-750cr financial services systems integrator contract from the
Department of Posts (DoP). This is the second contract from the department for Infosys.
Infosys emerged as the lowest bidder for the contract. Other vendors in the fray included
TCS and HP. The contract is part of the government’s postal department modernisation
project. The financial services contract is among the eight contracts that the department is
outsourcing. As part of this project, Infosys would help with postal banking and insurance
solutions, enabling the department to perform ‘anytime, anywhere’ banking. We maintain
our Accumulate rating on the stock with a target price of `2,705.
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