Datamatics signs Automatic Fare Collection contract for Delhi-Meerut RRTS Corridor of NCRTC

Datamatics, a global Digital Operations, Technology, and Experiences company, today announced that it has signed contract for design, supply, installation, testing, commissioning and comprehensive annual maintenance of EMV based open loop Automatic Fare Collection (AFC) system for Delhi-Ghaziabad-Meerut RRTS corridor of NCRTC (National Capital Region Transport Corporation). NCRTC issued the Letter of Acceptance to Datamatics in January 2022.

As part of this project, Datamatics will be responsible for deploying AFC system for the nearly 82 km long Delhi-Meerut Corridor passing through one of the most densely populated sections of the National Capital Region connecting Delhi to Uttar Pradesh. Datamatics in consortium with AEP Ticketing Solutions, will implement the AFC solution with complete responsibility of supplying and implementing the system consisting of contactless ticket readers, smart gates, ticket vending machines, add value machines, point of sale terminals, and computing & communication infrastructure along with the complete device software suite. The NCRTC AFC System will support QR-code (physical and digital), EMV / RuPay* open loop contactless card based on NCMC standard and NFC Ticketing (on NFC devices).

Speaking on occasion, Rahul Kanodia, Vice Chairman and CEO, Datamatics, said, "Automatic Fare Collection is a focus area for Datamatics. Over the years, we have successfully worked on and delivered over 30 AFC projects across the globe, including high traffic cities like London, Melbourne, Hong Kong, and Dubai."

Vinay Kumar Singh, MD, NCRTC, said, "Since inception, NCRTC has been a tech-driven organization. Continuing with our efforts to bring in new-age technological solutions for providing an enhanced commuter experience, we are delighted to have a partner like Datamatics for providing Automatic Fare Collection (AFC) system for the Delhi-Ghaziabad-Meerut RRTS corridor. The new age digital mobility requirements will be integrated with mobile apps, dynamic websites & open loop payments solutions."

Sanjeev Subhedar, President & Head - Engineering Solutions, Datamatics, said, "Datamatics is the only Indian company with a robust AFC solution. In recent times, we have successfully executed AFC solution at Memphis area, San Diego, Lucknow, and Shri Mata Vaishno Devi Shrine at Katra. We are also implementing AFC solution for 52 stations of Mumbai Metro line 2A, 2B, and 7. Recently Phase 1 of Mumbai Metro Line 2A and 7 has become operational for which Datamatics has implemented AFC system. He added, "We are delighted to be part of the Kolkata Metro and the Delhi-Meerut RRTS Corridor of NCRTC. We arecommitted to provide world-class AFC solution while adhering to project timelines and assure continued upgrades and support to our customers."

* EMV trademark is owned by EMVCo, LLC I RuPay trademark is owned by National Payments Corporation of India (NPCI)

Shares of Datamatics Global Services Limited was last trading in BSE at Rs. 246.75 as compared to the previous close of Rs. 239.35. The total number of shares traded during the day was 15743 in over 1084 trades.

The stock hit an intraday high of Rs. 254.00 and intraday low of 238.45. The net turnover during the day was Rs. 3874472.00.

Source : Equity Bulls

Keywords

DatamaticsGlobalServices INE365B01017 AutomaticFareCollectionSystem RRTS NCRTC