Allied Digital Services Limited receives LoI for Solapur Smart City Project

Allied Digital Services Limited has received Letter of Intent (LoI) for Solapur Smart City Project as sole bidder.

Total Contract Value is approx. Rs. 49.00 Crores.

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

Allied Digital's scope includes setting up of City Communication Network, State of the art Command Control Center, City-Wide Surveillance System, Intelligent Traffic Management Systems including Automatic Number Plate Recognition System and Red-Light Violation Detection System, Adaptive Traffic Management System, Public Address System, Emergency Panic Buttons and Data Center.

Commenting on the win Allied Digital CMD - Mr. Nitin Shah, says, "This win furthers Allied Digital's market share in the Smart City space in India and adds one more feather in our cap. We are excited to be associated with Solapur City Development Corporation Limited (SCDCL) and help provide smart solutions to the city bringing huge value to the citizens of Solapur. We take pride in providing such solutions to our client which directly impacts so many lives".

Shares of Allied Digital Services Limited was last trading in BSE at Rs. 122.75 as compared to the previous close of Rs. 124.50. The total number of shares traded during the day was 15418 in over 1193 trades.

The stock hit an intraday high of Rs. 127.80 and intraday low of 120.45. The net turnover during the day was Rs. 1919580.00.

Source : Equity Bulls

Keywords

AlliedDigitalServices INE102I01027 ADSL LoI SolapurSmartCityProject