Tech Mahindra inks defence contract worth Rs 300 cr; IT major's biggest till date

IT major Tech Mahindra Tuesday said it has signed a defence contract worth Rs 300 crore, its biggest till date. As part of the 'Armed Forces Secure Access Card' (AFSAC) Project, Tech Mahindra will implement RFID (Radio Frequency Identification) based access control system across all naval bases and ships, a statement said.

The new AFSAC card will replace the existing paper based identity card for all Navy personnel, including dependents and ex-servicemen, it added. The Mumbai-based company will develop a secure application to manage the access control devices, network devices and the AFSAC card through a data centre, it said.

"Scheduled to be implemented over the next two years, the project will ensure smooth issuance, handling, administration, management and life cycle support of AFSAC Cards on turnkey basis," it added.

TRENDING NOW

Graphisads Limited IPO: Subscription date, price band and all you need to know

TCS, Tata Motors, IOCL: Stocks to watch out for on Wednesday

This textile company to consider bonus issue, interim dividend soon - Check details

Siemens Q4 revenue grows 25%, board announces Rs 10/share dividend

India's pharma business can reach USD 130 billion by 2030, says Industry Experts

Home Loan Prepayment vs Investment: Which will help you save more money, know calculations

Uttarkashi Tunnel Rescue: All 41 workers pulled out from collapsed Silkyara tunnel after 17 days

Telangana Election Result 2023 Date: Check date, time of counting of votes, results announcement of 200 Assembly seats

JSW Steel pays Rs 2.79 lakh penalty levied on JISPL

Tata Motors hits fresh peak; stock has jumped over 60% in one year

Sebi proposes changes in regulatory framework for Special Situation Funds

TCS buyback set to open on December 1; here are the details

India Shelter Finance, DOMS Industries, 3 others get Sebi nod to float IPOs

Indian equity market set to see inflow of $3.6 billion after US federal pension fund switches index

PCBL plans to acquire Aquapharm Chemicals for Rs 3,800 crore

Tech Mahindra President, India Business and Corporate Affairs Sujit Baksi said the order further cements the company's role as one of the leading system integrators globally.

"With our proven expertise in tech enablement and digital transformation, we look forward to collaborating with the Indian Navy in ramping up the national security infrastructure," he added.

Tech Mahindra is already working with entities like Coal India, India Ports Association, Kanpur Smart City and others.

Commodore Atul Kumar, Project Director, Indian Navy, said, "The security of Indian Naval establishments against unauthorized access, is a thrust area and the AFSAC Project will be an important step towards achieving this aim."