Core Projects secures prestigious order covering 947 schools from Government of Maharashtra

CORE Projects & Technologies Ltd., (CORE) a leading global player in Education Solutions has successfully bagged an order of about Rs 1,200 million from the Government of Maharashtra (GoM), under the GoM's ICT@Schoo Phase 2 program. Covering 947 schools across the three districts of Mumbai, Pune and Kolhapur, the contract is for a period of five years commencing from May 01, 2010.

The ICT@Schools program envisages the setting up of computer infrastructure, deploying & running school management software, provision of multimedia educational software on Maharashtra State Curriculum and Teachers' Training.

"This is an exciting development for our company, and heralds Core's positioning as a leading education solutions player in the Indian sub-continent. Core is already a dominant education solutions Company in the USA and UK. We have a very positive outlook on the Education business in India, and we believe that the Indian share in the overall revenue of Core will be substantial from hereon," said Mr. Sanjeev Mansotra, the Chairman and Managing Director of Core.

The stock closed the day at Rs.247.30, down by Rs.6.25 or 2.46%. The stock hit an intraday high of Rs.253.45 and low of Rs.244.

The total traded quantity was 829930 compared to 2 week average of 751433.

Source : Equity Bulls

Keywords