3i Infotech rose 5.49% to Rs 33.26 after receiving a letter of acceptance from Indian Oil Corporation (IOCL) to manage data centre (DC) IT infrastructure as part of its contract renewal in the new fiscal year. The contract is worth Rs 16.29 crore over a three-year period. The organisation comprehends business processes, key drivers for effective service delivery, issues, and challenges. The company has a long history with IOCL, and this renewal demonstrates their commitment to meeting the technical requirements of the ever-changing digital technology landscape in order to remain effective in the long run.
Thompson P. Gnanam, managing director and Global CEO of 3i Infotech, commented on the contract, saying, “This multi-year deal is a major milestone for 3i Infotech as we look to expand our portfolio of government and public sector enterprises.” We are dedicated to providing innovative end-to-end solutions to our clients’ complex needs.” 3i Infotech is dedicated to delivering business value across multiple industry sectors. With deep domain expertise across BFSI, healthcare, manufacturing, education, telecom, media & entertainment, retail, and government sectors, the company has emerged as a leading name in propelling the current wave of digital transformation initiatives.