IOL Netcom has received a letter of intent from Power Grid Corporation - a Govt. of India undertaking, to provide last mile connectivity to over 600 members of the National Stock Exchange of India (NSE) in the cities of Mumbai, Delhi, Kolkata, Chennai and Ahmedabad. The last mile connectivity to the members of NSE will be provided by IOL on its own and alliance partners'' Metro Ethernet Networks.
The above named contract will add approximately Rs 50 crore annually to IOLs top line in addition to significant collection and FMS revenues from large broking houses across the country. The company also announced plans to create a pan India, ultra modern secure NGN networks for mission critical applications enabling it to execute similar projects for other organizations. The company made this announcement during the trading hours today, 29 May 2008.
The above named contract will add approximately Rs 50 crore annually to IOLs top line in addition to significant collection and FMS revenues from large broking houses across the country. The company also announced plans to create a pan India, ultra modern secure NGN networks for mission critical applications enabling it to execute similar projects for other organizations. The company made this announcement during the trading hours today, 29 May 2008.
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