Tata Consultancy Services (TCS) has signed a Rs 130 crore e-governance contract with the Madhya Pradesh government.

Official sources said under the contract, TCS would help the Madhya Pradesh government introduce IT applications in the budget making process.

They said the TCS would help to improve the existing system and would not only strengthened the budget preparations but also support the bill making process.

"TCS will be implementing the software platform to help the State Revenue Department develop an integrated solution to automate public provident fund management, human resources and payroll management and pension management," sources said.

Infosys was also in the race for the contract but it lost out to TCS as the latter had quoted less operational expenses.