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Petro Rabigh selects Wipro and DAR Al Riyadh partnership for SAP suite implementation
- Saudi Arabia: Monday, July 09 - 2007 at 11:18
- PRESS RELEASE
Wipro Ltd. & DAR Al Riyadh announced today that they have won a comprehensive contract for implementing SAP suite of applications at Petro Rabigh.
Petro Rabigh, a joint venture between Saudi Aramco and Sumitomo Chemicals, is amongst the largest integrated refineries in KSA. As Petro Rabigh prepares to launch full-scale commercial activities by mid 2008, implementation of the SAP suite will form the IT backbone for integrated, streamlined and efficient business operations.
In addition to the standard SAP modules, Wipro & DAR Al Riyadh will implement IS - Oil and Production planning for process industry - both of which will deliver industry specific best practices to Petro Rabigh. The application suite will be integrated with the Plant automation system and Laboratory Information Management System to ensure seamless information flow across critical business processes.
Prince Mohammed Bin Turki A.A. Al Saud, Group Director - BD & Control, Dar Al Riyadh Group commented, "This is a watershed project in the region given its comprehensive scope of SAP IS-Oil and integration of SAP suite with Plant automation systems. This project will enable real time information flow for accurate business decisions. Wipro will be involved through the life cycle of the project from the blue printing stage to the realization phase. We will leverage our strong understanding of Saudi Arabia business needs and pool of local talent to deliver the solution to Petro Rabigh."
Speaking on the occasion, Mr. Rajat Mathur, Chief Executive, International Operations, Wipro Infotech said, "The progressive IT strategy of Petro Rabigh lays a clear roadmap for adoption of industry best practices. This implementation will result in a comprehensive integration of operations across the value chain, making the business scalable, agile and responsive to customer needs. We will leverage our proven Global Delivery Model coupled with the strong local competencies resident in Wipro to enable a smooth transition of the business onto the new platform."
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Notes and media contacts
About Wipro Infotech
Wipro Infotech, a division of the US$ 3.39 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Services, Solutions and Consulting Services in India, and provides Technology & Software Services and Consulting Services in the Middle East, ASEAN and Australia. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across India. It has business offices in the Middle East, ASEAN and Australia. Wipro Infotech is ranked No. 2 in Indian Domestic IT Services Market in 2005, according to IDC's report Indian IT Services Market Analysis 2005-10.
About Wipro Ltd
Wipro Limited (NYSE:WIT) provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
Wipro's forward looking and cautionary statements
Forward-looking and cautionary statements Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
About Petro Rabigh
Petro Rabigh Company is a Joint Venture between Saudi Aramco and Sumitomo Chemical Companies. The Joint Venture agreement to develop, own and operate a large integrated refining and petrochemical complex in the red sea town of Rabigh on Saudi Arabia west coast was signed on August 1, 2005. Petro Rabigh joint venture business will cover Oil Refining and Petrochemical products (Polymer and Monomer). The complex, which is due for completion in the second half of 2008, will have a total output of some 18.4mtpa of high value petroleum-based products and 2.4mtpa of ethylene and propylene-based derivatives. This project has been planned to be the corner stone for a broader downstream conversion industrial development in the western region and in Rabigh in particular. It will provide multiple investment opportunities designed to contribute to the region industrial development and to stimulate the local economy.
For further information, please contact:
Agency Contact:
Sameh Hamtini
Group Account Director - Technology Practice
ASDA'A Public Relations
Dubai, UAE
Tel : (971 4) 3344550
Wipro Infotech
Shalini Agrawal
Divisional Marketing Manager
Wipro Infotech
Bangalore
Tel: (91)98800-60771
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