1. Odisha government cancels Rs 344 cr contract awarded to Ricoh India

Odisha government cancels Rs 344 cr contract awarded to Ricoh India

Odisha government has cancelled a five-year contract awarded to Ricoh India for installation and maintenance of computer hardware in government and government-aided high schools.

By: | Published: April 14, 2017 8:11 PM
Odisha government, Ricoh India, BSE, computer hardware, financial position Odisha government has cancelled a five-year contract awarded to Ricoh India for installation and maintenance of computer hardware in government and government-aided high schools. (Source: Reuters)

Odisha government has cancelled a five-year contract awarded to Ricoh India for installation and maintenance of computer hardware in government and government-aided high schools. “We wish to inform you that the company received notification yesterday of the cancellation of a five year contract in the State of Odisha with an order value of Rs 344 crore, including taxes,” Ricoh India said in BSE filing.

The company was selected by the state government in February 2016 for supply, installation and commissioning of computer hardware, connected accessories, software, maintenance of equipment and provision of computer education devices in 2,000 government and government-aided high schools in Odisha for five years. For Ricoh India, this was the second largest project after the Department of Post Digitization order in 2015.

“Whilst the formal cancellation is a disappointment for the company, plans have already factored in this eventually as, in the opinion of directors, there was significant question as to whether the contract would proceed. As a result, the cancellation of the notification does not
materially impact the financial position of the company,” the filing said

  1. Chandrakanta Panigrahi
    Apr 15, 2017 at 6:04 pm
    Ricoh India is doing playing a bad game in Odisha IT Market.
    Reply
    1. Rashmi Ranjan Das
      Apr 15, 2017 at 2:14 pm
      Ricoh is no more in ODISHA , it's a sad news
      Reply
      1. Hina Samal
        Apr 15, 2017 at 12:15 pm
        We need review
        Reply
        1. Kaushik Chatterjee
          Apr 14, 2017 at 11:39 pm
          What a bull is going on with Ricoh India, are they really serious about business in India or they are more concentrated to cut jobs in India. If so govt of India and an should take strong action against them.
          Reply

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