National Hydroelectric Power Corporation Ltd. (NHPC), one of Indias major power generation companies, has signed a contract worth over US$ 7 million with IFS Solutions India Pvt. Ltd.
NHPC, with over 13,000 employees, plans to become a 20,000 MW company by 2017, and has chosen IFS Applications to support its processes within finance, project management, maintenance and operations, and business performance.
The contract covers five years, with the majority of the license and services revenues for IFS in 2008 and 2009. The impact on 2007 revenue is negligible.
IFS prioritizes the energy and utilities industry and has more than 140 customers involved in power generation, transmission & distribution and water & sewage. These include the world's largest hydropower plant, Three Gorges (P. R. China), nuclear power plants OKG (Sweden), PBMR (South Africa) and Qinshan (P. R. China), grid operators such as Svenska Kraftnt (Sweden), Statnett (Norway) and TenneT (The Netherlands) as well as distributors such as Vattenfall (Sweden), Fortum (Sweden), and Hafslund Energi (Norway).
Reliable and safe Asset management and workforce management are critical processes in the energy and utility industry, to which IFS has provided solutions for more than 20 years.
IFS (OMX STO: IFS), the global enterprise applications company, provides ERP solutions which enable organizations to respond quickly to market changes. The solutions allow resources to be used in a more agile way to achieve better business performance and competitive advantage.
Founded in 1983, IFS has 2,600 employees worldwide. With IFS Applications, now in its seventh generation, IFS has pioneered component-based ERP software. The component architecture provides solutions that are easier to implement, run and upgrade. IFS Applications is available in 54 countries in 22 languages.
IFS has over 600,000 users across seven key vertical sectors: aerospace & defense; automotive; manufacturing; process industries; construction, contracting & service management; retail & wholesale distribution and utilities & telecom. IFS Applications provide extended ERP functionality, including CRM, SCM, PLM, CPM, enterprise asset management, and MRO capabilities.