Infotech Enterprises Ltd has informed that there have been some reports in the media about the Bhu Bharathi Project of the Government of Andhra Pradesh. In this connection, the Company stated as follows: The High Court of Andhra Pradesh has stayed a Government Order awarding a contract to Infotech Enterprises Ltd for conducting aerial survey of land, under the Integrated Land Information System, titled Bhu Bharathi Rollout Phase I Project in the Karimnagar and Nellore Districts of Andhra Pradesh.
The contract value is approximately Rs 48 crores and is to be executed over 24 months and as such, it has no material impact on the Companys performance. The matter is still to be heard by the Honble high Court of Andhra Pradesh and the Company is yet to receive the notices.
The contract value is approximately Rs 48 crores and is to be executed over 24 months and as such, it has no material impact on the Companys performance. The matter is still to be heard by the Honble high Court of Andhra Pradesh and the Company is yet to receive the notices.
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