Mumbai-headquartered Spanco Telesystems & Solutions Ltd has informed that the company has secured various Letter of Intent’s (LoIs) worth Rs 165.53 crore from different clients.

The company has secured first LoI worth Rs 20.08 crore from Bihar State Electronics Development Corporation Limited.

The 5-year-project built under BOOT (Build,Own, Operate and Transfer) basis includes supply, installation, implementation, commissioning, operations and maintenance of Network and other passive equipments of Modernization of Prison — Security (MoP) across 53 jails of Bihar State.

The company has picked its second LoI worth Rs 125 crore from Food, Civil Supplies and Consumer Protection Department, Govt. of Maharashtra. The contract involves computerization of the entire Rationing system in the State.

The company will also issue Ration cards on Build, Own, Operate and Transfer (BOOT) basis. The project is scheduled to be completed within 3 years.

The company has secured its final LoI worth Rs 20.45 cores from ITI Ltd, Bhopal, M.P for implementation of computerization programme / package for Registration and Stamps Dept., Madhya Pradesh.

Spanco Telesystems and Solutions Limited provides telecom integration and business process outsourcing (BPO) services. The company primarily operates in India, United States, United Kingdom, Middle East, and Singapore.

Recently, the company has reported earnings results for the quarter ended December 2007. During the period it posted a 43% increase in net profit at Rs 14.41 crore. Its sales were increased by 39% to Rs 188.30 crore.