Tulip Telecom Ltd has informed that it has been awarded a contract worth Rs. 950 million by Madhya Pradesh State Electronics Development Corporation Ltd. 

As per the order, Tulip Telecom will build a state-wide area network on the Build, Own, Operate & Transfer (BOOT) basis.

According to the sources, the proposed network, for a duration of 5 years, supports data, voice and video, and will facilitate the State to implement various e-Governance initiatives.

With this project, the State of Madhya Pradesh eyes to strengthen its footprints under the National e-Governance Plan of Government of India. 

The source close to the company revealed that the proposed network will be a total IP Network based on open standards, having scalability and high capacity. 

It is intended to fulfill the present and future necessities of the Government of Madhya Pradesh. 

Stock of Tulip Telecom ended well at Rs 1,053, up 12.79 per cent on National Stock Exchange. The total volume of share traded was 97,621 at the NSE.