IT services firm Spanco said it has received a Letter of Intent (LoI) from Bihar government for implementing IT infrastructure for the state's electricity board with an order value of Rs 160 crore. The project has been awarded under the Re-structured Accelerated Power Development and Reform Program (R-APDRP)."Our company has received a LoI in respect of the APDRP project from Bihar State Elelctricity Board, appointing us as IT implementation agency," Spanco said in a filing to the Bombay Stock Exchange.
The order value amounts to Rs 160 crore, it added. The R-APDRP is a flagship programme of the government with a total outlay of Rs 51,577 crore.
Under the programme, IT companies would help power utilities from 'concept to commissioning' for facilitating reduction of aggregate technical and commercial (AT&C) losses through strengthening and upgradation of the transmission and distribution network.
Source- Economic Times