KLG Systel bags further order worth Rs 32.5 Crore

KLG Systel Ltd on September 18, 2007 has announced that it has been awarded orders worth over Rs 25 crore from the Government of Haryana and Rs 7.5 crore from Government of Rajasthan. These projects follow orders worth Rs 67 crore that KLG Systel received earlier in September. With these new orders, KLG Systel has been awarded projects worth a total of Rs 100 crore in the month of September 2007.

The order from the Government of Haryana will cover the implementation of a High Voltage Distribution System for the Gurgaon District. The order from the Government of Rajasthan will cover the modification and renovation of its Consumer Electricity Network, which once implemented will reduce technical and distribution losses for the State's power distribution Companies. These projects are expected to be completed by March 2008.

Speaking on the occasion, Mr. Kumud Goel, Managing Director, KLG Systel Ltd. said: "These projects recognise KLG Systel's expertise in providing effective solutions in the utilities sector. We look forward to working with the Governments of Haryana and Rajasthan in helping drive continuous reductions in power loss while also helping in improving revenues for the States' power distribution Companies."

KLG Systel will use its innovative Vidushi and SG61^TM technology to execute projects. Backed by extensive experience and expertise in the Utilities business, KLG Systel will also use its state-of-the-art Project Management tools for the timely execution of these projects.

KLG Systel is an IBM premiere Independent Software Vendor (ISV) in India and is also now certified by IBM for Service Oriented Architecture (SOA). SOA enables organization to build a scalable architecture capable of talking to legacy systems. KLG has been recently announced as an Independent Software Vendor by SAP and KLG's Vidushi (Utility Business Automation Software) has obtained Net Weaver Certification from SAP. KLG was also very recently awarded a SAP-IS Utilities order from Jamshedpur Utilities.

KLG Systel builds its strength from focus on deep domain knowledge from the grass root level and will be looking at leveraging the same for these projects. The Company has been working in the power sector for over 14 years, providing services for 5 million consumers across 8 utilities in India.

Source : Equity Bulls

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