IT major is currently working with core-entities of SFCCL Group

Dubai, February 14th, 2006; Wipro Limited, the IT services major from India has successfully implemented the SAP solution in Saudi Formaldehyde Chemical Company Limited (SFCCL) in Phase I. Wipro is also implementing SAP ERP solution across three other companies of the SFCCL Group that includes United Gulf Steel Mill Company Limited, United Gulf Group and Modecor. Present at a press conference in Al Khobar, Kingdom of Saudi Arabia, with Wipro, were Dar Al Riyadh and SFCCL Group officials, His Highness Prince Mohammed Bin Turki bin Abdulla Abdulrahman Al Saud Group Director - Business Development and Control, Dar Al Riyadh.

The project that started in mid August 2005 will run in 3 phases. The implementation in Saudi Formaldehyde Chemical Company Ltd. is live now. In subsequent phases, United Gulf Steel Mill Company Limited, United Gulf Group and Modecor will go-live. Wipro will provide support and training till the end of August 2006.

According to Mr. Mazen K Allahiq, Managing Director of SFCCL, "Mounting competitive pressures, increasing information demands from a growing business have compelled us to reassess the capabilities of the current application. Being a forward-leaning organization, SFCCL Group has taken a proactive, strategic decision to replace the existing application with the world leader in enterprise solutions, SAP".

"SAP is known to achieve world-class performance by aligning the right information and resources to strategic objectives. Built in business intelligence of SAP delivers personalized, relevant information that allows the heads of businesses and the CEO to evaluate risk and make adjustments to minimize risk. Information-rich collaboration capabilities of SAP provide a single source of truth about the business, speeds decision making, while improving the quality of those decisions," added Mr. Allahiq.

Wipro has deployed, in SFCCL, a comprehensive integration NetWeaver Platform of SAP that includes following modules FI/CO (Finance and Control), SD (Sales and Distribution), MM (Materials Management), PP (Production Planning), HR, QM (Quality Management), PM/SM (Plant Management, Service Management).

Addressing the partners, customers and media, Mr. Suresh Vaswani, President, Wipro, said, "Wipro is delighted to have successfully completed this leading edge project for SFCCL. We are extremely committed to Saudi Arabia and look forward to adding value to our customers' technology initiatives through our services. Successful projects like these go a long way in reiterating our commitment towards high customer satisfaction."

Wipro along with Dar Al Riyadh, with whom Wipro has a Strategic Alliance for KSA, has been chosen as the implementation partner for this strategic project after thorough analysis and stringent evaluation process. Wipro and Dar Al Riyadh came out as a strong emerging player in the region with strong capabilities in managing similar Projects in this region. Wipro and Dar Al Riyadh have a great pool of resources available within the region.

"This deployment is a testimony of our competence on Enterprise Applications that help our clients to seamlessly integrate their processes. Wipro's global Enterprise Applications practice enables accelerated learning, ramp-up partnership, knowledge building through business scenarios. Our SAP NetWeaver SAP NetWeaver Competence Group has been recognized by SAP Developer Network as a lead innovator and contributor to SAP NetWeaver. The SAP NetWeaver Competence Group is a center of excellence (CoE) at Wipro's Enterprise Application Services Group. Wipro's CoEs work on proactively developing point solutions, reusable frameworks, components, tools, accelerators and proof of concept for clients on emerging technologies. These CoEs help significantly improve technical competence, reduce development time and cost for customers," concluded Mr. Vaswani.

-Ends-

About SFCCL Group, Saudi Arabia:
Saudi Formaldehyde Chemical Company Limited (SFCCL) is the flagship company of the group which also includes UGSMCL, Modecor and UGG. The company is a major producer and international supplier of premium grade Formaldehyde and derivative products. SFCCL is a grass root, second generation petrochemical complex located in the Secondary Industries Park at Madinat Al Jubail Al Sinaiyah (Jubail Industrial City), Kingdom of Saudi Arabia, manufacturing formaldehyde and its derivative products. Since it's inception in 1989, SFCCL has earned the reputation of being a world class, dependable and quality conscious manufacturer possessing a very sophisticated marketing and logistical support system to which many GCC and overseas customers can testify. The manufacturing facilities employ the latest state of the art technology from companies with international reputations and proven track records. T he formaldehyde units are based on the modern Excess Air (Iron Oxide) Process whereas the Continuous Liquid Phase Process has been used in the H. M. T. plant.

United Gulf Steel Mill Company Limited (UGSMCL) is a medium section rolling mill located in the Secondary Industries Park at Madinat Al Jubail Al Sinaiyah (Jubail Industrial City), Kingdom of Saudi Arabia. It is only mill of its kind in the entire GCC region.

UGSMCL has the capacity to manufacture 450,000 Tonnes per Year of medium section structural steel products such as Beams, Channels, Equal Angles, Flat bars, Round bars and Square Bars in a wide range of sizes. UGSMCL has the state -of the-art technology supplied by SIMAC, Italy (A fully owned subsidiary of SCHLOEMANN SIEMAG AG, Germany), a globally renowned supplier of light and medium section rolling mills. The Company is engaged in Production of rolled steel sections which are presently not manufactured in the  Gulf Cooperation Council (GCC) Countries. UGSMCL employs state-of-the-art technology and a high level of automation to manufacture premium quality products. It has a modern generation flexi-mill which can manufacture small lot sizes and cut to length products to meet customers' requirements. The strategic location and sophisticated marketing and logistical support systems enable the company to provide highly efficient service to the customers. 

Modecor was set up to fulfill the long-felt need for a world class decorative surface production facility in the G.C.C countries. Modecor is located at Jubail, in the kingdom of Saudi Arabia. A fully automated state-of-the-art manufacturing facility employing the latest German technology using VITS impregnator, It has the capacity to impregnate 40 million square meter of paper.

United Gulf Group The group operates a fleet of trucks for transporting materials across Saudi Arabia and Other Gulf countries. Major business for UGG is generated by SFCCL group of companies. This company is a separate legal entity which is currently managed mostly through manual systems. FoxPro based custom designed software is in use at the company for recording of financial transactions.

About Dar Al Riyadh
Dar Al Riyadh is a well diversified Group in Saudi Arabia with a successful track record of over 30 years and a strong commitment to quality, Global Partnerships and Customer Success. Dar Al Riyadh has qualifies and experienced Human Assets exceeding 1000 employees serving 5 business units namely, Industrial Engineering, Industrial Products, System &Integration, Client Support Services, Information Technology and Project Development & Management. Dar Infotech is the IT Services & Solutions Division of Dar Al Riyadh. They have a strategic alliance with Wipro Ltd.

About Wipro Limited
Wipro 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.  For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com , and www.wipro.in

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.

For further information, please contact:
Agency Contact:
Prem Ramachandran/ Upasna Swain
ASDA'A Public Relations
Dubai
UAE
Tel:  00 -9714-3344550
Fax: 00 -9714-3344556
E-mail: p.ramchandran@asdaa.com 

Wipro (Bangalore)
Aparna Ramani
Media Relations, Wipro Infotech
Bangalore
Tel: 91-80-28440011
Email: aparna.ramani@wipro.com

© Press Release 2006