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Wipro gains after strategic pact with Saudi Electricity Company
Source: IRIS | 16 Sep, 2014, 10.29AM
Rating: NAN / 5 stars.
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Wipro shares gained on Tuesday after Wipro Arabia, a subsidiary of the company has entered into a strategic partnership with Saudi-based Saudi Electricity Company (SEC). It is the largest power utility company in the Middle East serving approximately 5 million customers in the kingdom of Saudi Arabia (KAS).

As part of this engagement, Wipro will implement and rollout the plant maintenance and project system functionally of the SAP ERP application for SEC's distribution business line across KSA.

Shares of the company are trading at Rs 572.75, up Rs 4.95, or 0.87% at the Bombay Stock Exchange (BSE) on Tuesday at 10:18 a.m.

The scrip has touched an intra-day high of Rs 574.85 and low of Rs 568.60. The total volume of shares traded at the BSE is 31,190.

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