RNIT AI Solutions Ltd inks SLA with Commissionerate of Higher Education, Government of Andhra Pradesh

RNIT AI Solutions Limited ("RNIT") has executed a Service Level Agreement (SLA) with the Commissionerate of Higher Education (CHE), Government of Andhra Pradesh.

The Agreement pertains to the design, development, integration, deployment and maintenance of an AI-based mobile driven Facial Recognition Attendance Management System for Higher Education Institutions under the administrative control of the Commissionerate of Higher Education in the State of Andhra Pradesh.

The agreement marks the deployment of RNIT's AI-based mobile driven Facial Recognition Attendance Management System (FRS) across Higher Education Institutions including Government, Aided and Private Degree Colleges, Engineering Colleges, B.Ed., B.P.Ed., Law, Pharmacy, Polytechnic and other institutions, utilizing AI-based facial recognition technology for digital attendance authentication and management. The total number of institutions (approximately) covered under the scope is 3,900 and the total number of students / staff / users are approximately 1.3 million (13,00,000) across the State of Andhra Pradesh.

The Agreement falls within the ordinary course of business of the Company.

Shares of Rnit Ai Solutions Limited was last trading in BSE at Rs. 49.87 as compared to the previous close of Rs. 50.27. The total number of shares traded during the day was 47355 in over 288 trades.

The stock hit an intraday high of Rs. 50.90 and intraday low of 48.90. The net turnover during the day was Rs. 2346770.00.

Source : Equity Bulls

Keywords

RnitAiSolutions INE335Q01026 SLA GovernmentofAndhraPradesh