IT Infrastructure Deal for CIPL! Signs ₹114 Crore Indian Oil Maintenance Contract

Corporate Infotech (CIPL) has secured a Rs 114-crore contract from Indian Oil Corporation (IOCL) for the comprehensive maintenance of its IT infrastructure. The contract will span three years, commencing in June 2024 and concluding in May 2027.

Under this contract, CIPL will deploy over 400 engineers to ensure the regular maintenance of IT infrastructure across 131 IOCL locations nationwide. The agreement focuses on annual maintenance and facility management services (FMS) for all of IOCL's divisions throughout India.

CIPL, based in Noida, has a history of working with various public sector undertakings (PSUs). The company has previously provided services to entities such as ONGC, SPMCIL, and AAI, showcasing its extensive experience in the field.

In a similar capacity, CIPL had secured a Rs 137-crore contract from the state-owned Security Printing and Minting Corporation of India (SPMCIL) in August of the previous year. This reflects the company's continued success in obtaining significant contracts from major public sector clients.

With this new contract, CIPL continues to strengthen its position as a leading provider of IT infrastructure maintenance services, reaffirming its reputation and expanding its footprint in the public sector.

News by Rahul Yelligetti