Glodyne bags Rs 284 crores project of Bihar State Electronics Development Corporation

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(PressReleasePoint) Mumbai, 16th September 2008: Glodyne Technoserve Limited, through its subsidiary, Smaarftech Technologies Private Limited, signed an agreement with Bihar State Electronics Development Corporation (BSEDC) – Govt. of Bihar for executing a turnkey Technology Project worth Rs. 284 crores for implementing National Rural Employment Guarantee Scheme (NREGS) in the state of Bihar. Smaarftech, the Lead Member of the Consortium consisting of other members i.e. Face Technologies – a South African Govt. owned Technology Company a leading technology company in identity management solutions, and Anil Printers Limited, has won this order. The order is a BOOT project executable over a period of five year. The project would involve technology infrastructure management and smart card solution management. This project would help the Government to cover the rural masses under various government schemes for the benefit of the underprivileged.

Commenting on the order – Mr. Annand Sarnaaik said – We are very pleased to have won the project under a scheme which is of national importance. We expect that this project will help Glodyne to tap further opportunities surrounding this project as well as leverage on the experience of this project in other parts of India for other technology lead e-governance intiatives.

About Glodyne Technoserve Limited (formerly Paradyne Infotech Limited)
BSE: 532672; NSE: PARADYNE
Glodyne Technoserve Limited is a leading Technology Services organization that delivers real time solutions to businesses across its two strategic business units – Technology IMS and Application Software Services. The company has a strong e-governance focus with a special task force to cater to the requirements of various national/state level initiatives. Glodyne is a trusted private partner by various government bodies for technology projects. Glodyne has presence across India and US (both east coast and west coast). For more information kindly visit www.glodynetechnoserve.in ; www.glodynetechnoserve.com

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Mumbai-51, India
Tel no- + 912266963333
Fax no- + 912266963344
Cell no- +919324263332)
corporate@glodyne.com

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