Wipro Arabia, a subsidiary of India's third largest IT firm Wipro, has bagged a contract from Saudi-based Saudi Electricity Company (SEC) for implementing and rolling out plant maintenance and project system functionality of SAP ERP application. SEC is the largest power utility company in the Middle East serving approximately five million customers in the Kingdom of Saudi Arabia (KSA).

Commenting on the same, Angel Broking, said, ''Wipro Arabia has already strong position in the utilities space in the global market, and this will allow company to further strengthen its leadership in this space in KSA. In our view, this is positive development for Wipro(no financial details were disclosed). We remain positive on the stock with buy rating.''

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