Unitech Machines wins 250-MW power plant contract

Uttar Pradesh Power Corporation Ltd (UPPCL) has signed a Memorandum of Understanding (MoU) with Unitech Machines Ltd (UMT) for setting up a 250-MW coal-fired power plant in Auraiya district.

The company will invest Rs1,250 crore to set up the proposed plant at Auraiya. The project has a contractual completion deadline of four years and 90% of the electricity produced would be utilised within the state.

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Glodyne Technoserve subsidiary signs $42 million IMS deal in US

Glodyne Technoserve Ltd said that its wholly-owned subsidiary Glodyne DecisionOne has partnered with a technology company to provide technology infrastructure management services (IMS) to one of the retail customers in the US. The five-year agreement is worth around $42 million.

Under the agreement, Glodyne DecisionOne will provide services across the range of the customers IT assets deployed throughout the US.

Glodyne DecisionOne IMS services will help this retail giant to support its businesses across the nation with a single point of contact. This will reduce their administrative challenges, enhance efficiencies and lower their operating costs. As a part of this project, Glodyne DecisionOne will be providing services for several complex technologies across the asset class.

Glodyne acquired DecisionOne Corporation, an independent IMS Company in North America, in July 2010.

On Thursday, Glodyne Technoserve ended 3.47% up at Rs737.50 on the Bombay Stock Exchange, while the benchmark Sensex gained 1.10% to 19,864.85 points.

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TCS wins project worth Rs85 crore from Indian Bank

Software firm Tata Consultancy Services (TCS) said it has won a three-year deal worth Rs85 crore from Indian Bank for implementing smart card-based financial inclusion solution (FIS).

The deployment of the solution will help in extending banking services in un-banked/under-banked areas, enabling Indian Bank to reach to over 35 lakh customers over the next three years, TCS said in a statement.

The applications will hosted on cloud computing technologies, which will help provide infrastructure and application services in a cost-effective and efficient manner, it added.

“Indian Bank has been one of the early adopters of financial inclusion. Along with the strong domain expertise and technology capability of our strategic partners, TCS, our endeavour is to provide banking services for rural customers over 5,500 villages,” Indian Bank chairman and managing director TM Bhasin said.

On Thursday, TCS ended 0.68% down at Rs250 on the Bombay Stock Exchange, while the benchmark Sensex gained 1.10% to 19,864.85 points. 

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