Aurionpro announces major win in smart transit space, bags order from the Government of Uttar Pradesh

Aurionpro has announced another big win in the smart transit segment. This will be amongst the largest in the world with approximately 50 crores commuters travelling annually. Aurionpro will be the system integrator for implementing "IoT based Integrated Bus ticketing System" for the Uttar Pradesh State Road Transport Corporation (UPSRTC) on a Build Own Operate and Transfer('BOOT') model. The project is expected to be worth more than INR 60 crores, over 5 years, with the minimum guaranteed revenue. The tenure of the project includes implementation and go-live within 6 months from the signing of the contract followed by the operations & maintenance of upto 7 years after go-live.

Mr. Sanjay Bali - EVP, Aurionpro thanked the Government of Uttar Pradesh for choosing Aurionpro and said that this win is significant from strategic perspective. Uttar Pradesh is the largest state in India and the project of this magnitude will boost our credentials globally. After Delhi and Haryana win of UP will firmly place us as a leader in the Indian markets. Aurionpro's cutting edge technology and powerful ABT based platform makes it attractive and cost effective for us to be treated as the preferred partner. With the string of wins over last few months and the strong pipeline we are emerging as a strong global player in this rapidly expanding space."

Shares of Aurionpro Solutions Limited was last trading in BSE at Rs. 206.95 as compared to the previous close of Rs. 208.45. The total number of shares traded during the day was 4902 in over 571 trades.

The stock hit an intraday high of Rs. 215.30 and intraday low of 204.05. The net turnover during the day was Rs. 1029670.00.

Source : Equity Bulls

Keywords

AurionproSolutionsLimited INE132H01018 OrderWin SmartTransitSegment