Allied Digital Secures Rs. 80 Crore follow up Order for Pune Smart City adding up to Rs. 500+ Crore Order

Allied Digital Services Limited, a global leader in IT services and a renowned Master System Integrator (MSI), is proud to announce the receipt of a significant additional contract valued at Rs. 80 crore (approx.). This order involves the design, supply, implementation and maintenance of a comprehensive CCTV-based surveillance system targeted at improving safety in the ghats, tekdis, hills, and secluded areas of Pune City.

This initiative is a direct response to increasing concerns among citizens regarding rising criminal activity in these vulnerable locations, which are often plagued by poor lighting, inadequate security infrastructure, and challenging terrains. Recognizing the urgent need for proactive measures, Allied Digital's project will include deploying high-definition cameras, improved lighting, public announcement systems, emergency call boxes, and enhanced police patrols with vehicles and drones. Strategic placement of these security components aims to create a safer environment for women, senior citizens and the community at large.

This order builds upon our order win for the Pune Safe City Project, with a total contract value exceeding Rs. 430 crore announced in October 2024 which is currently underway. The cumulative value of both these orders is over Rs. 500 crore.

Mr. Nitin D Shah, CMD - Allied Digital commented, "We are delighted with this follow-up order of approx. Rs.80 Crore for the Pune Smart City Project, on the back of the original order of Rs. 430 crore announced in October 2024, taking the cumulative value to over Rs. 500 crore. This enhanced scope will help to create secure spaces for women and vulnerable populations in locations that were not covered in the original contract. In addition to enabling a more comprehensive security architecture by covering previously uncovered areas, this follow up order also showcases our ability to work deeply and engage with our customers and leverage their confidence in us to drive additional scope and jurisdiction of engagement.

We are proud to continue driving innovation and strengthening Pune's safety ecosystem through deployment of state-of-the-art AI-enabled surveillance infrastructure and strategic enhancements. This further cements Allied Digital's leadership in creating smarter, safer cities and reinforces our position as a pioneer in delivering transformative, mission-critical security solutions."

Shares of Allied Digital Services Limited was last trading in BSE at Rs. 199.35 as compared to the previous close of Rs. 192.75. The total number of shares traded during the day was 32711 in over 889 trades.

The stock hit an intraday high of Rs. 208.60 and intraday low of 191.80. The net turnover during the day was Rs. 6551407.00.

Source : Equity Bulls

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