Mumbai-headquartered ABM Knowledgeware Ltd has recieved an E-government Contract worth Rs 116 Crore from Municipal Corporation of Greater Mumbai (MCGM), the largest Municipal Corporation in Asia.

The scope of work involves supply of SAP Licenses, Implementation of SAP Payroll for Employees of MCGM and Providing SAP Change Management Support till year 2011.

It may be noted that all these software and services will be billed to MCGM by ABM as per the Contract signed between MCGM and the Consortium of ABM-Siemens.

ABM Knowledgeware, Ltd. provides solutions for e-governance and systems integration in India. The stock closed the day at Rs 16.52, up by Rs 2.75 or 19.97%.