Allied Digital celebrates its new Smart Cities Project wins

Allied Digital Services Limited (Global IT Services and Solutions Provider), has been awarded the Smart City contract for the Punjab Municipal Infrastructure Development Company (PMIDC) in consortium with KEC International covering 3 cities i.e., Amritsar, Jalandhar, and Sultanpur Lodhi. The total Contract Value awarded to the consortium is 207.21 Cr.

The project is expected to be executed in a period of 57 months i.e 9 months for implementation and Go-Live and then 48 months of project support for O&M.

Commenting on the win, Allied Digital CMD - Mr. Nitin Shah, says - "As a pioneer in establishing smart cities with India's first Pune Smart City project implementation in 2015, we have now received these new projects for 3 smart cities in Amritsar, Jalandhar, and Sultanpur Lodhi in Punjab which substantiates our prowess as India's leading Master Systems Integrator. Besides these 3 cities, our repertoire now includes Pune and Pimpri Chinchwad, KalyanDombivali, Aurangabad, Bidkin, Rajkot, Solapur, Jaipur, and Lucknow."

Shares of Allied Digital Services Limited was last trading in BSE at Rs. 102.55 as compared to the previous close of Rs. 103.60. The total number of shares traded during the day was 973 in over 115 trades.

The stock hit an intraday high of Rs. 104.75 and intraday low of 102.00. The net turnover during the day was Rs. 100600.00.

Source : Equity Bulls

Keywords

AlliedDigitalServices INE102I01027 ADSL SmartCityContract PMIDC KECInternational