C. E. Info Systems Limited announced new project awarded by Indian Oil Corporation limited. The Significant terms and conditions of the Development/Customisation, Supply, Order(s)/Contract(s) in brief include the implementation and maintenance of a Centralised Vehicle Tracking & Management System under contract with Indian Oil Corporation Limited. The Order(s)/Contract(s) have been awarded by a domestic entity.
The nature of the Order(s)/Contract(s) involves the comprehensive implementation and operation of IOCL's Central Vehicle Tracking and Management System, including pan-India provisioning and monitoring of IoT hardware, software and services, as well as 24×7 command centre monitoring with alerts and reporting. The contract is domestic in nature and the time period by which the Order(s)/Contract(s) is to be executed is 5 years. The broad consideration or size of the Order(s)/Contract(s) is approximately 1,101.9 million.
The Promoter/Promoter Group/Group Companies have no interest in the entity that awarded the Order(s)/Contract(s).
