Bangalore, Wednesday, 26th November 2003: Hinduja TMT (HTMT), the IT flagship company of the Hinduja Group today announced the winning of a new IT Services contract awarded by a large automobile assembling and manufacturing company based in the Middle East. The ERP project, in the initial phase, will generate a revenue of USD 2.2 million or Rs. 10 Crores over the next 18 months. The contract has been signed with the customer with an agreement for an advance payment of 25%. Work is expected to commence immediately. The company is also in dialogue with the customer and other corporates in the Middle East for offerings in different areas of software development and maintenance where potential for business growth is high.

Mr. R Mohan, President and CEO, HTMT, IT division, said, " With the required robust domain expertise in the manufacturing segment and the recent implementation of an analogous project for Ashok Leyland, we are confident of delivering this prestigious project well in time. This project reiterates our leadership position in this segment."

The project will cover modules relating to Material Management, Production Planning, Finance and Marketing and will be implemented using a multilevel architecture. HTMT would bring some of the best practices that it has developed over the years to enhance the Information Management of the various manufacturing processes and would provide substantial cost savings and improvement of efficiency of operations to its client. The system would ensure the availability of information where it is most required and the proactive analysis of data that would enhance planning and co - ordination.