ABM was awarded an important order in Smart City space recently at Thane Smart City. The company have been awarded the work of System Integrator for Implementation of Integrated ERP Solution for Municipal Services at Thane Smart City Limited with five years of technical support. The initial value of the contract is INR 140 Million.
The goal of this project is two-fold:
- Provide Local Government services to citizens through online / Single Window service delivery channel and ensure accessible, convenient, transparent and timely delivery of services.
- Integrate Departments / functions within TMC for better information flow and transparency
ABM has entered into next-generation Smart City platform with a focus on emerging technology like Analytics, IoT, GIS, Blockchain and Machine learning.
With an exceptional digital aspiration, ABM is eying at winning more Smart City projects across India during this year.
Bagging this order from Thane Smart City not only reflects ABM's capabilities but also strengthens ABM's position as category leaders in this fast-growing space of urban digital governance.
Shares of ABM KNOWLEDGEWARE LTD. was last trading in BSE at Rs.50.1 as compared to the previous close of Rs. 51.7. The total number of shares traded during the day was 492 in over 5 trades.
The stock hit an intraday high of Rs. 51.5 and intraday low of 50.05. The net turnover during the day was Rs. 24797.