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Press Release Tuesday, September 16, 2008

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

From correspondents in Maharashtra, India, 06:20 PM IST

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.

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