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Aurionpro selected as Solution Provider by the State Bank of India for Kanpur Metro Project

The scope of the project includes implementation of the AFC System followed by the maintenance and support for 10 years post-go-live.

December 08, 2021 4:35 IST | India Infoline News Service
Aurionpro Solutions has been selected by the State Bank of India as the Solution Provider for Kanpur Metro Project (KMP) under Uttar Pradesh Metro Rail Corporation Limited (UPMRCL) for implementation of NCMC based Automatic Fare Collection System (AFC System).

The scope of the project includes implementation of the AFC System followed by the maintenance and support for 10 years post-go-live.

The project is valued (inclusive of taxes) close to Rs 140cr.

Sanjay Bali, EVP, Head- Aurionpro Solutions Limited, while announcing the win said that, “we are delighted to announce this win and are thankful to the State Bank of India and UPMRCL for choosing us. This is another significant win in the smart transit space which clearly underscores our growing position in the market. Further, this also signifies importance of strategic acquisition of Toshi Automatic Systems Pvt. Ltd (TASPL) which helps us consolidate our position further as the only integrated player in the AFC segment having ‘Make in India’ capability."

Bali added, "We are confident of reaping benefits from this strengthened position and looking forward to continue with the healthy growth in this segment. This win also marks strengthening of our association with State Bank of India Bank as this is our third large win with the bank in the AFC segment.”

On Sensex, Aurionpro was trading at Rs279.65  per piece marginally up. 

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