Stock Report

Allied Digital wins order worth Rs. 190 Crore for the MIDC-Taloja Smart Industrial City Project



Posted On : 2024-03-05 18:58:49( TIMEZONE : IST )

Allied Digital wins order worth Rs. 190 Crore for the MIDC-Taloja Smart Industrial City Project

Allied Digital Services Limited has announced the receipt of a Letter of Intent for Taloja (town in Navi Mumbai) Smart Industrial City Solution contract, valued at Rs.190 Crores. This transformative project spans an 18-month implementation period, followed by a 60-month Operations and Maintenance phase.

The scope of work for this project encompasses the establishment of an Integrated Command & Control Centre (ICCC) at both the Corporation's Head office and the Industrial Township. The ICCC software will seamlessly integrate with a Cloud-based Data Center/Disaster Recovery system. In addition, the project includes the deployment of a state-of-the-art CCTV-based Surveillance System to enhance security and monitoring capabilities.

AI driven Smart infrastructure elements will play a crucial role in creating a connected and responsive urban environment. This includes the installation of Smart Poles equipped with CCTV, Air Quality Monitoring (AQM) Sensors, Smart Street Lighting, Digital Billboards, Emergency Call Boxes and a Public Address System.

Further, the project involves the implementation of a Smart Water Metering system with seamless integration of data into the ICCC and Water Billing System (WBS). A Variable Messaging Display System will be introduced for real-time communication and information dissemination. The establishment of a robust Optical Fiber Connectivity network will link field devices with the ICCC to ensure efficient and reliable data transmission.

One of the innovative components of the project involves utilizing Drone-based 3D mapping technology to create a comprehensive Geographical Information System (GIS). This GIS will enhance spatial awareness and planning capabilities, contributing to the overall success of the Smart City Solution.

This significant project underscores Allied Digital Services Limited's commitment to pioneering innovative solutions that contribute to the development of smart and sustainable urban environments. The company looks forward to leveraging its expertise to bring about positive changes and advancements in urban living.

Commenting on the win, Mr. Nitin Shah, CMD - Allied Digital Ltd. said, "This project award is one more feather in our cap and undoubtedly makes us the Market leader. This is our 14th such project win and we are elated to be selected for this important project. It demonstrates our superior capability in AIl/ML-based analytics, cloud integration, cyber security technologies and many other futuristic technologies. We are delighted to serve the Nation by providing such next-generation technology solutions to the towns and cities of India."

Shares of Allied Digital Services Limited was last trading in BSE at Rs. 161.30 as compared to the previous close of Rs. 154.10. The total number of shares traded during the day was 62520 in over 1576 trades.

The stock hit an intraday high of Rs. 169.20 and intraday low of 151.90. The net turnover during the day was Rs. 10097216.00.

Source : Equity Bulls

Keywords

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