Glodyne Technoserve Signs agreement for order worth Rs 284 Crores

Glodyne Technoserve Ltd has informed the Indian stock market that the Company, through its subsidiary - Smaarftech Technologies Pvt Ltd, has 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, leading technology Company in identity management solutions, and Anil Printers Ltd, has won this order. The order is a BOOT project executable over a period of five years. The Project would involve technology infrastructure management and smard card solution management. This project would help the Government to cover the rural masses under various government schemes for the benefit of the poor.