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Aurionpro announces Smart Transit wins in Global Markets

Posted On: 2020-09-23 04:00:08


Aurionpro Solutions Ltd, (NSE: AURIONPRO) (BSE: 532668), leading global IT solutions provider, has won an order, from Rail Vikas Nigam Limited, for the Supply, Installation and maintenance of the smart mobility system for the phase I, covering two metro stations, of the Kolkata Metro. The Order is valued INR 8 Crores and covers implementation of the system within 4 months, followed by the maintenance and support of 1 year.

Mr. Yogesh Songadkar, Sr. VP Smart City and Transit Business, said that "We are pleased to announce this order win. We have been selected based on our design, technical and execution capabilities. This deal is of strategic significance as it will position us as one of the leading players providing end to end services in the AFC segment."

Smart Transit wins in global markets

SC Soft Pte Ltd, Singapore based Subsidiary of Aurionpro, has won / successfully implemented Automated Fare Collection ("AFC") projects in various countries as detailed under. The below orders are strategic, marking our foray into the newer markets.

- Successfully delivered project in Mexico for the deployment of AFC Solution in Mexico City for 210 buses. The Order is valued close to USD 200,000.

- Won an order for the implementation of AFC and validators in the Public Bus Transportation system for the Sacramento and California cities in USA. The project is valued close to USD 100,000.

- Won an order from Russian Government for deployment AFC system in the city of Saratov. The project, to be delivered alongwith the Partner, is for 400 buses and is valued close to USD 170,000.

- Won an Order for the implementation of the AFC system for the buses in Turkmenistan, with our partners, for 400 buses. The Order is valued close to USD 170,000.

Mr. Sanjay Bali EVP Head, South Asia, said that "We are delighted to announce these wins and hope to grow our business with these clients. In wake of pandemic, the public transport systems across the world are increasingly adopting smart mobility technologies which involves low human interface. The Pandemic has accelerated the momentum in this segment. We are having proprietary software and hardware required for AFC Solutions and with the strategic partnerships formed in various regions we are best placed to expand our footprints in the global markets."

Shares of AURIONPRO SOLUTIONS LTD. was last trading in BSE at Rs.71.35 as compared to the previous close of Rs. 75.1. The total number of shares traded during the day was 7345 in over 143 trades.

The stock hit an intraday high of Rs. 77 and intraday low of 71.35. The net turnover during the day was Rs. 531123.


Source: Equity Bulls

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