Aurionpro announces strategic order win from Haryana State Transport Department for implementation of NCMC Open Loop Automatic Fare Collection System

Aurionpro has announced strategically significant order win from Haryana State Transport Department, for the implementation of NCMC Open Loop Ticketing System and GPS System on BOOT model. Haryana State transport department is the key service provider for passenger transport in the State of Haryana, having fleet of 3488 buses and luxury buses, operated through 24 depots, and managing footfall of more than 40 crore passengers annually.

Aurionpro will deliver this project in consortium with the AU small Finance bank as FI partner. Aurionpro will be responsible for the implementation of the state of art open loop automated fare collection system (AFCS) and online reservation system. The project will be on a revenue share basis and will be delivered on BOOT model with minimum guaranteed revenue assured. The total order value will be more than Rs. 40 Crores and will be spread over the tenure of five years.

Mr. Sanjay Bali, EVP Head, India South Asia said that "we are thankful to the Government of Haryana for choosing us as a partner in this initiative. In recent times, with the successful implementation of AFC system at some large projects like Nagpur, Noida and NCT, Delhi, Aurionpro has established itself as a market leader in India. There is an accelerated push from the governments for the contactless and environment friendly transport ecosystem and we are proud to be the preferred partner of the transport agencies in this drive. This win is of special importance as it strengthens our position in the region. We are encouraged with the support and trust reposed in us and confident of for more such wins in future."

Shares of Aurionpro Solutions Ltd. was last trading in BSE at Rs. 201.5 as compared to the previous close of Rs. 191.95. The total number of shares traded during the day was 14517 in over 153 trades.

The stock hit an intraday high of Rs. 201.5 and intraday low of 185.1. The net turnover during the day was Rs. 2897729.

Source : Equity Bulls

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