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Stock Report
Accel Frontline to provide Automatic Ticket Vending Machines for Indian Railways
Posted On : 2007-03-30 00:16:46( TIMEZONE : IST )
Accel Frontline Ltd has announced that the Company has been awarded a prestigious contract by the Centre for Railway Information Services (CRIS) for installing and maintaining Smart Card based Automatic Ticket Vending Machines (ATVMs) across Western and Central Railway stations incLuding Suburban Stations of Mumbai.
In the first phase, 300 ATVMs are to be instaLled by the Company. Keeping in the view of the volume of passenger traffic, Railway's may go for more ATVMs in the future.
Shares of the company were locked at the upper limit of circuit filter of Rs.60.15, up by Rs.2.85 or 4.97% on volumes of 9839 shares. The 2 week average volumes are 34282.
