Bangalore, India - June 1, 2011:
Wipro Infotech, the India, Middle East and Africa, IT Business Unit of Wipro Ltd and a leading provider of IT and business transformation services announced today that it has been selected by the Jammu and Kashmir Power Development Department (JKPDD) as its IT Implementation agency under the Restructured Accelerated Power Development and Reforms Programme (R-APDRP).
A project funded by the Ministry of Power and one of India's largest Power Reforms initiatives, the focus of the programme is to reduce aggregate technical and commercial losses in power distribution and management across State Utilities. The engagement with Wipro will establish reliable and automated systems for sustained collection of accurate baseline data for Jammu and Kashmir Power Department, as well as enhance adoption of Information Technology in the areas of energy accounting. This will further help the Jammu and Kashmir government reduce AT&C losses, outages and interruptions, thereby increasing consumer satisfaction.
As part of the scope, Wipro will establish a Date Center, a Disaster Recovery Center, a Customer Care Center as well as implement an integrated Solution for rollout across the state. The integrated solution will comprise core Utility application modules like Meter Data Acquisition, Energy Audit, Metering, Billing, Collections, GIS, New Connection and Disconnection & Dismantling etc. Wipro will also be responsible for sustaining the solution for a period of five years.
The engagement includes supply, installation and commissioning of the required hardware and establishing a LAN/ MPLS VPN network in the identified towns. Wipro will undertake Differential Geographical Positioning System (DGPS) based GIS survey and consumer indexing in the identified project areas.
Speaking on the occasion, Rajat Bhaduri, General Manager - Utilities & Metals Vertical, Wipro said "We are delighted to have been selected as the IT implementation agency for the Jammu and Kashmir Power Development Department. We are confident that with this implementation, the Department will be able to significantly enhance its performance both in terms of reducing outages as well as increasing consumer satisfaction through better power management and distribution across the state."
Wipro was chosen after a rigorous techno-commercial selection process which saw top IT firms contesting for the deal. Wipro was finally selected based on its technical expertise and commercial proposition.
About Wipro Infotech
Wipro Infotech, a division of the US $7 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Software Services, Solutions and Consulting Services in India and the Middle East. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across the country. It also has regional offices across the Middle East serving the region.
About Wipro Ltd
Wipro Limited provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our website at www.wipro.com.
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Wipro's forward looking and cautionary statements
Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
