Octopus secures contract from the major FMCG in Pakistan

News Image

MG News | January 03, 2022 at 12:00 PM GMT+05:00

0:00

January 3, 2022 (MLN): Avanceon Group of Companies has secured a high value five-year contract to setup and maintain industrial data center infrastructure for one of the largest FMCG corporations in Pakistan, company’s filing on bourse showed today.

As per the details, the project will be executed by Avanceon Group of Companies digital arm Octopus Digital Limited.

The FMCG giant manufactures, stores, packages, and ships snack food products. Avanceon Group has previously worked on several projects with the customer successfully and the acquisition of this project was a result of its track record and expertise in Data Centre Management and Security, the notice said.

The project holds critical value for the customer as Octopus Digital will be responsible for the migration, integration, setup, and security of the Data Center Infrastructure.

The total cost of the project is around USD1 million and the company aims to complete the project within 5 years.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 159,329.11
117.03M
-0.16%
-249.08
ALLSHR 96,893.97
499.66M
-0.04%
-37.74
KSE30 48,193.25
49.17M
-0.36%
-175.66
KMI30 227,675.14
34.95M
-0.39%
-880.53
KMIALLSHR 62,967.06
146.28M
-0.35%
-224.02
BKTi 44,491.75
13.68M
-0.08%
-35.71
OGTi 30,632.93
2.97M
-0.51%
-156.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 103,770.00 104,590.00
103,090.00
-470.00
-0.45%
BRENT CRUDE 63.74 63.83
63.48
0.22
0.35%
RICHARDS BAY COAL MONTHLY 87.15 87.50
87.00
0.35
0.40%
ROTTERDAM COAL MONTHLY 97.00 97.50
97.00
-0.75
-0.77%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 59.84 59.92
59.55
0.24
0.40%
SUGAR #11 WORLD 14.12 14.32
14.05
-0.10
-0.70%

Chart of the Day


Latest News
November 06, 2025 at 11:59 AM GMT+05:00

Tech firms race to build solar-powered data centers in space


November 06, 2025 at 11:55 AM GMT+05:00

UAE hits 97% AI utilization with new readiness index


November 06, 2025 at 11:39 AM GMT+05:00

Sugar crushing to start Nov 15; farmers’ payments guaranteed


November 06, 2025 at 11:10 AM GMT+05:00

Gold ticks up amid prolonged U.S Govt stalemate



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg