New Delhi: Technology solutions company CIPL on Wednesday said it has won a Rs 114 crore project from Indian Oil Corporation Limited (IOCL) for comprehensive maintenance of the public sector petroleum company's IT infrastructure.

The contract will be executed over a period of three years starting from June 2024 and ending in May 2027.

"Corporate Infotech Private Limited (CIPL) has secured a landmark contract from Indian Oil Corporation Limited (IOCL) for comprehensive annual maintenance of IT infrastructure across all divisions of the state-owned company," CIPL said in a statement.

As part of the contract, CIPL will deploy over 400 engineers to manage routine maintenance of IT infrastructure at 131 Indian Oil locations across the country.

"This contract worth Rs 114 crore pertains to annual maintenance and facility management services (FMS) for all divisions of Indian Oil across the country," the statement further said.

Noida-based CIPL has previously served several PSUs (public sector undertakings) such as ONGC, SPMCIL, PFMS, NTPC and Airport Authority of India (AAI).

The company had won a contract worth Rs 137 crore from state-owned Security Printing and Minting Corporation of India Ltd (SPMCIL) in August last year.