Press Releases

Friday
September 14, 2007

Rolta takes possession of 5 Acres of Land from West Bengal Govt. for setting-up IT Park in Kolkata

Kolkata: Rolta India Limited announced that it has formally taken possession of 5 acres of land in Nonadanga in east Kolkata, allotted by the West Bengal Government, after having complied with all requisite formalities. Mr. K.K. Singh Chairman and Managing Director of Rolta Group of Companies and Hon'ble Chief Minister Mr. Buddhadeb Bhattacharjee exchanged the required documents today.

With an investment of over Rs.2500 million, Rolta will now embark on setting up the proposed IT park at Kolkata in a phased manner. This IT park will have extensive facilities for delivery of information technology based GeoSpatial services, Engineering Design Services, Software Development and ERP Implementation Services worldwide. Once completed this facility will provide employment opportunity for about 5000 technical professionals and Domain experts from talents available in West Bengal.

Speaking on the occasion Dr. Debesh Das, the Hon'ble. IT Minister Government of West Bengal said, "We are happy to have finally got Rolta to invest in the state. The fact that Kolkata is their first venture outside Mumbai means a lot to us. The Government has long been trying to get Rolta to invest here. Initially the government had decided to accommodate Rolta in Salt Lake's Sector V. But now, Rolta is allotted land in Nonadanga".

Mr. Kamal K. Singh, Chairman and Managing Director of Rolta group stated that, "This facility being setup in Kolkata is part of Rolta's expansion Plans to grow manifold in the coming years, requiring additional infrastructure and talent pool. This new facility being setup for the first time outside Mumbai will help us in meeting the growing demand for our services worldwide. We are grateful to the Government of West Bengal to have put their faith in us and giving us this opportunity for investing in an IT Park in Kolkata. We appreciate the initiatives taken by Mr. Buddhadeb Bhattacharjee - Hon'ble Chief Minister and Dr. Debesh Das - Hon'ble. IT Minister in promoting Kolkata as an investment destination for the Information Technology Industry and by providing necessary impetus for its growth".

About Rolta: Rolta is an Indian multinational organization that has executed projects in over 35 countries. Rolta is a leading provider and developer of Information Technology based GeoSpatial Information Systems (GIS), Engineering Design Services, Software Development, Advanced Security, Network Management, ERP Consulting and Deployment services worldwide. Rolta, through its joint venture Stone & Webster Rolta Ltd., provides comprehensive Engineering, Procurement and Construction Management (EPCM) services to meet turnkey project requirements of power, oil, gas and petrochemical sectors. Rolta's joint venture with Thales, France, leverages a broad spectrum of cutting-edge technologies, systems and solutions from Thales, and Rolta's leadership position in the Indian market. This JV takes advantage of the technology transfer from Thales for developing state-of-the-art C4ISTAR information systems, for domestic and international markets. Rolta has acquired Orion technology Inc. a Canadian software and integration company specializing in enterprise Web GIS Solution. Rolta, headquartered in Mumbai, employs over 4000 professionals with countrywide infrastructure and international subsidiaries across the globe. Forbes ranked Rolta as one of "Asia's Best 200 Under a Billion" for the fourth time in the last six years. The Company is listed on the NSE in cash and F&O segment and forms part of CNX IT and CNX 500 indices. The company is also listed on BSE 'A' group and forms part of BSE Midcap, BSE 200, BSE 500, BSE IT and BSE TECK indices. The Company's GDR is listed on the Main Board of London Stock Exchange and its FCCB's are listed on the Singapore Stock Exchange.

For additional information

Rolta India Limited
Mr. K.R. Vaidyanathan,
Director - Business Operations,
Telephone: + 91-22-2832 6666 / 2826 2222