Rolta Ltd has decided to acquire a template-based solution company, Piocon Technologies of Chicago. Piocon Technologies provide various operational solutions to the oil and gas refineries.  

Piocon Technologies design the tools to deliver the operational excellence, reliable matrices and efficient solutions for data base management. The solutions are capable of handling equipment and operations from various sources of large refineries. It would help to achieve downtime reduction, inventory rationalization, optimization of crude selection and improved refinery planning.

The chairman and CEO of Rolta Ltd, K K Singh said, "The acquisition will help Rolta to fulfill a critical and strategic need of the process and power industries at a time when every plant is challenged to improve operating efficiencies." The acquisition would help Rolta to save as much as $20M annually for a medium-sized refinery, allowing it to expeditiously complete the operations of refinery.

Mr. Singh further added, "The move to add Piocon's Operational Excellence and Business Intelligence solutions to our portfolio reflects our commitment to growth through the delivery of higher value solutions for our customers. This acquisition will help Rolta to fulfil a critical and strategic need of the process and power industries at a time when every plant is challenged more than ever before to improve operating efficiencies".