Gemini Communication, in collaboration with Midas Communication Technologies Pvt Ltd., has won Rs 260 crore order for executing a project (“EDWAS Project”) for BSNL in the states of Tamil Nadu, Karnataka and Haryana.

Midas has outsourced the implementation of `EDWAS Project` on a turnkey basis to Gemini. Midas bid for the tender for planning, design, supply, installation and commissioning of 134 base station controllers (BSCs) and 1,340 base station sites.

The project shall be executed in phases with the first phase of the order to the tune of Rs 50 crore to be implemented in Tamil Nadu, an official release said.

According to the MOU, the technology developed by Midas has to be implemented and deployed by Gemini within the total time schedule of 150 days.

Gemini Communication Ltd. is a leading firm in Network, Network Security, LAN, WAN, E-Governance, ITeS, IT Strategic, IT consulting and Wireless domains for thousands of small and mid-size businesses worldwide.

While, Midas Communication specializes in DECT, GSM, WiMax, Ethernet switching & routing, DSL, Digital Loop Carrier and Triple Play technologies. The firm employs over 600 people and is headquartered in Chennai, India.

Gemini Communications presently holds market cap worth Rs. 446 crore, PE Ratio of 19.11 ; EPS of 12.06 and BV of 50.39. The firm had showed a net profit of Rs 7 crore for the quarter ended September 2007 as against Rs. 2 crore in same quarter of last year.

The stock closed today at Rs. 231 on NSE, up by 10% compared with previous close of Rs. 208. It touched an intraday high of Rs 242 and low of Rs 208.