Allied Digital Services bags contract worth Rs49 crore; Stock rises

30 Jun 2022 , 09:19 AM

Allied Digital Services Limited has received Letter of Intent for Solapur Safe City project as a sole bidder.

The contract value is approx. Rs49 crore. As per the filing, the project is expected to be executed in a period of 9 months and operations and maintenance shall run for 36 months.

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

At around 9:19 AM, Allied Digital Services was trading at Rs122.80 per share higher by 0.04% as against previous closing of Rs122.75 per share on the BSE.