Satyam bags new project in manufacturing space

Satyam Computer Services Limited has been awarded new business in the manufacturing space by a fire suppression technologies and advanced building support systems major.

Satyam is expected to complete the pilot implementation of the project in 22 weeks in the US followed by a global implementation across 14 other plants, the company said in its in-house newsletter Newstoday.

The newsletter further informed that one of the company’s oil and gas clients – a US-based large oilfield services company – has shown full confidence in Satyam’s future viability by renewing the engagement with “a modest rate increase.”

“Our new chief executive officer AS Murty plans to meet and engage with key customers on a one-on-one basis in the forthcoming two to three weeks,” it said, adding that a significant majority of its customers had assured that they would stay committed to Satyam and review only if there was a disruption in the deliverables.

Clarifying reports on large-scale layoffs, the company said one of the four task forces that had already been formed pertained to the issue of cost optimisation. “This will involve exploring various options such as optimising infrastructure costs, non-billable travel, balancing the onsite-offshore people-related costs and sabbatical to keep our expenses in tune with our revenues. Large-scale layoff is definitely not among the options the company is considering at this time,” it said.