Allied Digital Bags a Transformational Deal from Large Global Manufacturing Conglomerate

Allied Digital Services Limited (BSE: 532875; NSE: ADSL), has won a transformational, five year contract valued at Rs. 165 Crore from a large Global Manufacturing Conglomerate.

Allied Digital will manage and transform the IT infrastructure services including Workplace Services, Enterprise Services, Enterprise Applications, Security, Governance Support. It will also govern, optimize, transform existing IT service contracts of all business entities as well as support sourcing of new IT services and solutions. The transformed service model will establish highly optimized IT operations and boost business of all entities.

Given the scale and depth of transformation, this is one of its kind deals in the industry and a path breaking initiative taken by the Global Manufacturing Major. The comprehensive IT services contract is unique in terms of supporting multiple companies as a shared service, broadest spectrum of technologies, governing diverse IT contracts and implementing industry's top service management processes in an integrated model. India is today on the threshold of huge growth in manufacturing sector.

Commenting on the win, Nitin Shah, CMD Allied Digital Services Limited, said "Manufacturing is undergoing a paradigm shift and digital transformation is must to propel business growth. By virtue of our rich and vast experience and industry knowledge, we find ourselves well suited to drive immense value offerings in this sector."

Shares of Allied Digital Services Limited was last trading in BSE at Rs. 75.3 as compared to the previous close of Rs. 76.1. The total number of shares traded during the day was 81568 in over 1193 trades.

The stock hit an intraday high of Rs. 79.05 and intraday low of 75. The net turnover during the day was Rs. 6221622.

Source : Equity Bulls

Keywords