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CMC bags Rs 100 crore worth projects
Times of India - March 6, 2003

CMC Ltd has bagged new national and international projects estimated at over Rs 100 crore in the current quarter. These new contracts will be executed over the next three months to a period extending up to two year, CMC deputy managing director R. Ramanan said. The projects are from National Bank of Bahrain, Andhra Bank, Reserve Bank of India, Bank of India and also from the State Government of Karnataka. CMC’s projects for Bank of India is an automation project spread across 475 branches, whereas for Andhra Bank it would be setting up IT infrastructure and would also be providing network management services.

CMC would integrate payroll and HR systems of RBI in its offices spread across 475 branches.

Meanwhile, CMC’s overseas business has grown 57 per cent in the current financial year and the company is planning to bag new projects in West Asia and Asia Pacific markets. "CMC is evolving as a domestic arm of Tata Consultancy Services (TCS). We are now reinforcing commitment to government and public sector companies," Mr Ramanan said.

 

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