In order to establish two cutting-edge data centres in India, the Security Printing and Minting Corporation of India Limited (SPMCIL), a company controlled by SPMCIL, has awarded a contract for Rs 137 crore to the IT services company Corporate Infotech Private Limited (CIPL).

"A landmark agreement, named 'PRAGAMAN' worth Rs 137 crore was signed between Security Printing and Minting Corporation of India Limited (SPMCIL) and Corporate Infotech Pvt. Limited (CIPL), Noida for establishing two data centres," CIPL said in a statement.

The two data centres in Noida and Hyderabad will be designed, supplied, installed, and maintained as part of the contract. The data centres will feature cutting-edge equipment to ensure improved security measures, boost productivity, and reduce total operating costs for SPMCIL.

According to a news release from the firm, the project would see SPMCIL's present setup upgraded and moved to the most recent technology in order to achieve higher throughput in terms of speed, accuracy, and efficiency.

The Government of India owns all shares of SPMCIL, a Miniratna Category-I Central Public Sector Enterprise that produces security paper, mints coins, and prints money and bank notes.

Through this agreement, SPMCIL will be able to upgrade its ageing Information Technology (IT) infrastructure and replace it with a powerful, effective, and secure digital processing environment. It will allow SPMCIL to stay up with the most recent technological advancements that are influencing sectors all around the world and offer a quicker reaction to their clients' changing demands.

In the last 15 years, according to CIPL, it has completed a number of crucial projects for the federal, state, and local governments, as well as public sector organisations.