Allied Digital Services Limited secures Lucknow Safe City Project

Allied Digital Services Limited has bagged Lucknow Safe City project as a sole bidder (No Consortium) against stiff competition from Global Giant Companies.

Total Contract Value is of more than INR 85 Crores.

The project is expected to be executed in a period of 9 months and operations and maintenance shall run for 36 months.

Allied Digital's scope includes setting up of City-Wide Surveillance System, Artificial Intelligence based Video Analytics, Drones, Mobile Device Terminals, Integrated Smart Control Room, Data Center, and Cloud Based Disaster Recovery.

Commenting on the win Allied Digital CMD - Mr. Nitin Shah says, "This win expands on Allied Digital's success in the Safe/Smart City sector and our leadership position. Our early transformation has given us an early mover advantage."

Shares of Allied Digital Services Limited was last trading in BSE at Rs. 157.60 as compared to the previous close of Rs. 148.35. The total number of shares traded during the day was 89917 in over 2467 trades.

The stock hit an intraday high of Rs. 165.30 and intraday low of 151.00. The net turnover during the day was Rs. 14313946.00.

Source : Equity Bulls

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