Compucom Software Secures Rs 58.03 Lakh Contract from Rajasthan Government

Compucom Software Limited , a Jaipur-based IT company, has recently secured a significant work order from the Government of Rajasthan, marking a positive development for the company in its domestic operations.

Contract Details

Compucom Software has been awarded a contract worth approximately Rs 58.03 lakhs by RajCOMP Info Services Ltd, a Government of Rajasthan undertaking. The scope of the contract involves the supply of manpower for the operation and maintenance of the Labour Department Management System (LDMS) Project for the Department of Labour, Government of Rajasthan.

Project Duration and Terms

The project has a specified duration of 3 months and 15 days. As part of the contract terms, Compucom Software is required to submit bills along with necessary documentation for payment processing. To ensure the quality and reliability of their services, the company has provided a performance security deposit of Rs 2,90,133.00 through a bank guarantee.

Significance of the Contract

This domestic contract, received in the normal course of business, demonstrates Compucom Software's continued engagement with government projects and its ability to secure contracts in the competitive IT services sector. The company's involvement in the LDMS Project highlights its role in supporting the digitalization and efficient management of government operations in Rajasthan.

Company Background

Compucom Software Limited, headquartered at IT: 14-15 EPIP, Sitapura, Jaipur, is a publicly listed company. The company specializes in providing IT solutions and services.

Transparency and Compliance

In compliance with the Securities and Exchange Board of India (SEBI) Listing Regulations, Compucom Software has promptly disclosed the details of this work order. The company has confirmed that there is no interest of any promoter, promoter group, or group companies in RajCOMP Info Services Ltd, the entity awarding the contract. Additionally, the contract does not fall under related party transactions, ensuring transparency in the company's dealings.

This new contract underscores Compucom Software's ongoing efforts to expand its project portfolio and strengthen its position in the government services sector. As the company embarks on this short-term project, stakeholders will be keen to observe its execution and potential impact on the company's financial performance in the coming quarters.