Mumbai: Identification technology services provider Bartronics India has received an order worth Rs 400 crore from the 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 cardholder’s identity and any privileges to which he may be entitled.
Shares of the company jumped as much as 6.39% over its previous close and witnessed an intra-day high of Rs187.50. The scrip was later trading at Rs180.60, up 2.44% in afternoon trade on the BSE.