Aurionpro bags big win in smart transit segment, to implement IoT based Integrated Bus ticketing System for UP

The project is expected to be worth more than Rs60cr, over 5 years, with the minimum guaranteed revenue.

Nov 25, 2021 02:11 IST India Infoline News Service

Aurionpro Solutions
Aurionpro announce another big win in the smart transit segment. This will be amongst the largest in the world with approximately 50 crores commuters travelling annually. Aurionpro will be the system integrator for implementing “IoT based Integrated Bus ticketing System” for the Uttar Pradesh State Road Transport Corporation (UPSRTC) on a Build Own Operate and Transfer('BOOT') model.

The project is expected to be worth more than Rs60cr, over 5 years, with the minimum guaranteed revenue.

The stock is currently trading at Rs215.95 up by Rs9 or 4.35% from its previous closing of Rs206.95 on the BSE.

The tenure of the project includes implementation and go-live within 6 months from the signing of the contract followed by the operations & maintenance of upto 7 years after go-live, the company said.

Mr. Sanjay Bali - EVP, Aurionpro thanked the Government of Uttar Pradesh for choosing Aurionpro and said that this win is significant from strategic perspective. Uttar Pradesh is the largest state in India and the project of this magnitude will boost our credentials globally. After Delhi and Haryana win of UP will firmly place us as a leader in the Indian markets. Aurionpro’s cutting edge technology and powerful ABT based platform makes it attractive and cost effective for us to be treated as the preferred partner. With the string of wins over last few months and the strong pipeline we are emerging as a strong global player in this rapidly expanding space.”

Related Story

Open Free Demat Account (Rs699)
Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity