Spanco Telesystems & Solutions Ltd has informed BSE that Spanco has been awarded a Letter of Intent (LOI) by Food, Civil Supplies and Consumer Protection Department, Govt. of Maharashtra, appointing the Company as Sole & Total Solutions Provider for computerisation of the entire Rationing system in the State and issue Ration cards on Build, Own, Operate and Transfer (BOOT) and the project duration will be for a period of 3 years.

This contract shall give impetus to Spanco’s growth plans and strengthen Spanco’s future business opportunities and potential and also put Spanco in a leading position in all important government space, particularly considering the government (Central & State) spending and expansions programmes and budget allocations in the area of Telecom & IT / ITES segment of which Spanco will be a direct beneficiary. The future business growth and outlook continues to be robust.

The total value of the Project would be approximately Rs 125.00 Crores (Rupees One hundred twenty five crores).