September 08, 2008

JSW software arm ties up with Descon to enter eastern sector

It is reported that JSoft Solutions Limited, a company of Mr Sajjan Jindal, has reached a deal with public sector IT company Descon Limited for providing support services to its upcoming projects in eastern India.

Descon in conjunction with JSoft will set up a steel detailing centre to take up projects on this domain. Descon and JSoft will work together on voice and amp, non voice based BPO business while the former would hire professionals. The expected annual revenue for the next 10 years from this alliance is around INR 500 million.

Mr Jindal said that “In order to support the planned investments in the area of auto CADD related work and various other design engineering services, JSoft Solutions Limited is making a strategic tie up with Descon.”

Mr S Radhakrishnan MD of Descon said that both the companies would participate in software projects, including web development.

JSW Group is planning to invest around INR 1,000 billion in West Bengal, Chhattisgarh, Orissa, Jharkhand and Bihar in the next 5 to 7 years. It is also setting up a 10 million tonne integrated steel plant at Salboni in West Midnapore district of West Bengal with an investment of INR 350 billion.