Enterprise IT solutions provider SAP today said it has bagged a turnkey project from the Indian Navy for implementing an online financial information system.

"SAP has secured the contract through system integrator Wipro and will help the Indian Navy in unifying its business processes and automate financial systems," SAP Chief Operating Officer (EMEA and India) Franck Cohen told reporters here.

He, however, declined to divulge the project value.

"Our solution will help the Indian Navy lower overall maintenance costs, improve management decision-making and resource management, therefore enhancing combat-readiness," he said.

"The government vertical is very important for SAP's business in India. There are a lot of opportunities in this space and we continue to explore them," he said.

The US-based company is already working with public sector units like BSNL, ONGC and HPCL.