Enterprise data services company Tulip Telecom bags four orders worth nearly Rs 200 cr
Tulip secured a three-year order worth Rs 48.88 crore from the Rajasthan government under the central government-funded Rajasthan State Crime and Criminal Tracking Network and Systems (CCTNS) project, Tulip Telecom said in a statement.
In addition, it bagged a Restructured Accelerated Power Development Reforms Programme (R-APDRP) project in Bihar worth Rs 24.78 crore over a period of five years, besides a connectivity order from Sahara parabanking worth Rs 50 crore.
Furthermore, Tulip has been awarded a five-year, Rs 75 crore data centre order for the new Bangalore facility of a large global telecom major.
"We are happy to partner with the government and private players in our endeavour to build and strengthen the network infrastructure in the nation," Tulip Telecom Chairman and Managing Director H S Bedi said.
The cumulative value of the new orders is Rs 198.66 crore. During Q2, FY'12, the company's total revenues stood at Rs 702.94 crore.
"The order of a data centre for the new Bangalore facility from a large global telecom major is totalling to Rs 75 crore for a period of five years. As of now, the government orders are contributing about 10 per cent in the total revenues of the company, which will grow up to 20-30 per cent in the next two years," Tulip Telecom CEO Sanjay Jain told PTI.
For the CCTNS project in Rajasthan, Tulip will deploy and integrate platforms used by the state and the Centre for tracking criminals, as well as deploy information and communication technology infrastructure at 1,172 locations, including all police stations and higher offices across the state of Rajasthan, the release added.
Under the Bihar R-APDRP project, Tulip will provide data connectivity services (supply, installation and commissioning of internet and other connectivity services) under the guidance of the Ministry of Power.
This is the sixth R-APDRP order bagged by the company, the other five being located in Gujarat, Uttar Pradesh, Uttarakhand, Punjab and Andhra Pradesh. The cumulative value of R-APDRP projects being implemented by the firm stands at Rs 250 crore.
Meanwhile, Sahara parabanking, a leading player in the NBFC domain, placed an order for connecting 3,000 of its operational locations within India. The connectivity infrastructure will enable the company to align its go-to-market strategy across India, the release said.
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