Datamatics Global signs automatic fare collection contract for Delhi-Meerut RRTS Corridor of NCRTC; Stock skyrockets 15%

18 May 2022 , 09:58 AM

Datamatics, a global Digital Operations, Technology, and Experiences company, has announced that it has signed contract for design, supply, installation, testing, commissioning and comprehensive annual maintenance of EMV based open loop Automatic Fare Collection (AFC) system for Delhi-Ghaziabad-Meerut RRTS corridor of NCRTC (National Capital Region Transport Corporation). NCRTC issued the Letter of Acceptance to Datamatics in January 2022.

As part of this project, Datamatics will be responsible for deploying AFC system for the nearly 82 km long Delhi-Meerut Corridor passing through one of the most densely populated sections of the National Capital Region connecting Delhi to Uttar Pradesh. Datamatics in consortium with AEP Ticketing Solutions, will implement the AFC solution with complete responsibility of supplying and implementing the system consisting of contactless ticket readers, smart gates, ticket vending machines, add value machines, point of sale terminals, and computing & communication infrastructure along with the complete device software suite.

The NCRTC AFC System will support QR-code (physical and digital), EMV / RuPay* open loop contactless card based on NCMC standard and NFC Ticketing (on NFC devices).

Speaking on occasion, Rahul Kanodia, Vice Chairman and CEO, Datamatics, said, “Automatic Fare Collection is a focus area for Datamatics. Over the years, we have successfully worked on and delivered over 30 AFC projects across the globe, including high traffic cities like London, Melbourne, Hong Kong, and Dubai.”

At around 10:01 AM, Datamatics Global Services was trading at Rs341.20 apiece up by Rs45.1 or 15.23% from its previous closing of Rs296.10 apiece on the BSE.