• Rajasthan

    Cong 99
    BJP 73
    RLM 3
    OTH 24
  • Madhya Pradesh

    Cong 112
    BJP 108
    BSP 2
    OTH 5
  • Chhattisgarh

    Cong 67
    BJP 15
    JCC 7
    OTH 0
  • Telangana

    TRS-AIMIM 95
    TDP-Cong 21
    BJP 1
    OTH 2
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

Odisha government cancels Rs 344 cr contract awarded to Ricoh India

By: | Published: April 14, 2017 8:11 PM

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.

Odisha government, Ricoh India, BSE, computer hardware, financial positionOdisha 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

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