BARTRONICS BAGS RS 400 CRORE ORDER FROM ESIC

Mumbai
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Identification technology services provider Bartronics India today said it has received an order worth Rs 400 crore from Employee State Insurance Corporation for supplying smart cards for the Rashtriya Swasthya Bima Yojna scheme.

As per the order, the company would provide district-wise smart cards under the Rashtriya Swasthya Bima Yojna scheme covering 609 districts across the country, Bartronics said in a filing to the Bombay Stock Exchange.

The Hyderabad-based firm would provide smart cards for the health insurance scheme (RSBY), the objective of which is to protect below poverty line (BPL) households from major health shocks that involve hospitalization.

Smart card is an electronic recording device and information in the microchip can instantaneously verify the card holder's identity and any privileges to which he may be entitled.

Shares of the company jumped as much as 6.39 percent over its previous close and witnessed an intra-day high of Rs 187.50. The scrip was later trading at Rs 180.60, up 2.44 percent in afternoon trade on the BSE.