"As part of this engagement, Wipro will implement and rollout the plant maintenance and project system functionality of the SAP ERP application for SEC's distribution business line across KSA," it said in a statement.
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.
No financial details were disclosed.
SEC is the largest power utility company in the Middle East serving approximately five million customers in the Kingdom of Saudi Arabia (KSA).
"As part of this engagement, Wipro will implement and rollout the plant maintenance and project system functionality of the SAP ERP application for SEC's distribution business line across KSA," it said in a statement.
The SAP ERP-based system is expected to go live in the next 10 months.
Once implemented, it is expected to enable the power utility company to have an integrated system that offers centralised and standardised processes across its plants, it added.
This will help ensure uptime of distribution networks, expense controls and effective utilisation of assets.
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"We have traditionally had a strong position in the utilities space in the global market, and this will allow us to further strengthen our leadership in this space in KSA," Wipro Arabia General Manager and Head Thomas George said.
The deployment will help SEC to methodically migrate existing data from current digitised and manually maintained systems to SAP Enterprise Resource Planning (ERP) solution.
In addition, the solution will help SEC to streamline day-to-day operations and increase operational and financial efficiencies.
"With this program, we will be able to scale up our operations in a significant way and seamlessly manage our distribution networks. Wipro's deep domain capability and technology-leadership will help us deliver cost-effective services and serve our large customer base in an efficient manner," Eng Mohammad A Al-Nahari, NEBRAS Program Executive Director, Saudi Electricity Company said.
Wipro stock price
On September 15, 2014, Wipro closed at Rs 567.80, down Rs 6.95, or 1.21 percent. The 52-week high of the share was Rs 610.50 and the 52-week low was Rs 447.00.
The company's trailing 12-month (TTM) EPS was at Rs 32.76 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 17.33. The latest book value of the company is Rs 118.96 per share. At current value, the price-to-book value of the company is 4.77.
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