Stock Report

Aurionpro selected as Solution Provider by the State Bank of India for Kanpur Metro Project



Posted On : 2021-12-07 14:08:16( TIMEZONE : IST )

Aurionpro has announced another significant win as it has been selected by the State Bank of India as the Solution Provider for Kanpur Metro Project (KMP) under Uttar Pradesh Metro Rail Corporation Limited (UPMRCL) for implementation of NCMC based Automatic Fare Collection System (AFC System). The scope of the project includes implementation of the AFC System followed by the maintenance and support for a period of 10 years post go-live. The project is valued (inclusive of taxes) close to INR 140 crores.

Mr. Sanjay Bali, EVP, Head - Aurionpro Solutions Limited, while announcing the win said that, "we are delighted to announce this win and are thankful to the State Bank of India and UPMRCL for choosing us. This is another significant win in the smart transit space which clearly underscores our growing position in the market. Further, this also signifies importance of strategic acquisition of Toshi Automatic Systems Pvt. Ltd (TASPL) which helps us consolidate our position further as the only integrated player in the AFC segment having 'Make in India' capability.

We are confident of reaping benefits from this strengthened position and looking forward to continue with the healthy growth in this segment. This win also marks strengthening of our association with State Bank of India Bank as this is our third large win with the bank in the AFC segment."

Shares of Aurionpro Solutions Limited was last trading in BSE at Rs. 264.15 as compared to the previous close of Rs. 278.05. The total number of shares traded during the day was 33654 in over 1153 trades.

The stock hit an intraday high of Rs. 288.90 and intraday low of 264.15. The net turnover during the day was Rs. 9297383.00.

Shares of State Bank of India was last trading in BSE at Rs. 465.35 as compared to the previous close of Rs. 473.20. The total number of shares traded during the day was 995692 in over 26572 trades.

The stock hit an intraday high of Rs. 477.00 and intraday low of 463.80. The net turnover during the day was Rs. 469312557.00.

Source : Equity Bulls

Keywords

AurionproSolutionsLimited INE132H01018 StateBankofIndia INE062A01020 SBIN SolutionProvider KanpurMetroProject AutomaticFareCollectionSystem