Monday, February 11, 2008

Jindal ties up with Descon to enter eastern IT sector

JSoft Solutions Ltd, a company of Sajjan Jindal, vice-chairman of steel giant JSW Group, Friday reached a deal with public sector IT company Descon Ltd for providing support services to its upcoming projects in eastern India.

'In order to support (the planned) investments in the area of Auto CADD related work and various other design engineering services, JSoft Solutions Ltd is making a strategic tie up with Descon,' said Jindal here.

JSW Group is planning to invest around Rs.1,000 billion ($23 billion) in West Bengal, Chhattisgarh, Orissa, Jharkhand and Bihar in the next five to seven years.

The company is setting up a 10 million tonne integrated steel plant at Salboni in West Midnapore district of West Bengal with an investment of Rs.350 billion ($8 billion).

Descon in conjunction with JSoft will set up a Steel Detailing Centre to take up projects on this domain.

Descon Managing Director S. Radhakrishnan said that both the companies would participate in software projects, including web development.

Descon and JSoft will work together on voice and amp; non-voice based BPO business while the former would hire professionals.

The expected annual revenue for the next 10 years from this alliance is around Rs.500 million ($12 million).

Jindal also said that besides steel, JSW has plans to enter port and power projects in eastern region.

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