Wipro Bags 3-Year IT Contract By Norway's NSB: Shares Gain

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Shares of the Wipro rose after the company said that it has won an IT contract from NSB Group, one of Norway's largest transportation groups.

Headquartered in Oslo, NSB has extensive passenger transportation operations by way of the rail and bus, freight by rail, property management and development and train maintenance segments.

Wipro Bags 3-Year IT Contract By Norway's NSB: Shares Gain
Wipro: Quotes, News
BSE 462.25BSE Quote5.8 (1.25%)
NSE 462.35NSE Quote5.7 (1.23%)

NSB Group is a Nordic transportation group. Passenger transport by bus and rail and freight traffic by rail, property development and train maintenance are the main activities.

"As part of the three-year agreement, Wipro will implement its Boundaryless Datacenter (BLDC) and LiVE Workspace solutions and utilize its next-generation delivery framework ServiceNXT to deliver services which will help NSB variablise their IT operations", the company said in the press release.

The Wipro-enabled back-bone of IT infrastructure services will enable NSB to achieve greater flexibility, scalability, cost efficiency and offer an enhanced end-user experience. It will also help the company become more future-ready and competitive, in keeping with the spirit of the reforms, added.

Shares of Wipro were seen trading at Rs 485.60 higher by 0.58 per cent on BSE at 1.20 pm IST. It touched an intra-day high of Rs 489 during trade.

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