1:1 Bonus Shares & Rs 1,100+ Crore Order Book: IT-Company Secures Landmark Contract for Chennai Metro Phase II Automated Fare Collection System
The company has a market cap of over Rs 9,000 crore and as of September 30, 2024, the order book exceeds Rs 1,100 crore.
Aurionpro Solutions Ltd, a leading technology provider in the transit and fintech space, has been awarded a significant contract by Chennai Metro Rail Corporation Limited (CMRL) to deliver state-of-the-art Automated Fare Collection (AFC) systems for Phase II of the Chennai Metro. The project encompasses Corridor 3, spanning from Sholinganallur to Sipcot, and Corridor 5, extending from Koyambedu to Elcot Park.
Leveraging its proven expertise in transit solutions, Aurionpro will implement a robust, secured, and seamless AFC system capable to handle high passenger volumes while improving operational efficiency and traveller convenience. This is a long-term project consisting of an implementation phase, followed by extended maintenance and support services.
Under this contract, Aurionpro Solutions will lead the end-to-end delivery of station-level Automated Fare Collection (AFC) systems, encompassing design, manufacturing, supply, installation, testing, commissioning, training, and ongoing maintenance. Strategically situated along Chennai’s vibrant IT corridor in the OMR region, this project promises to enhance commuter experiences by providing advanced, streamlined ticketing and fare management solutions for Metro passengers. By integrating innovative technology with seamless service, Aurionpro aims to support CMRL in setting a new standard of efficiency and convenience for Chennai’s Metro commuters.
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About Aurionpro Solutions Ltd
Aurionpro Solutions Limited is an advanced technology solutions provider with a focus on the banking, mobility, payments and government sectors. The company’s integrated approach, known as Advanced and Accelerated Platform-led Transformation (ADAPT), merges various technology solutions to facilitate comprehensive enterprise transformation on a global scale. The company have over 2400 professionals who are committed to delivering tailored services to our diverse clientele across the globe.
The company has a market cap of over Rs 9,000 crore and as of September 30, 2024, the order book exceeds Rs 1,100 crore. On June 27, 2024, shares of the company ex-traded bonus shares in the ratio of 1:1. The stock gave multibagger returns of 800 per cent in just 2 years and a whopping 4,000 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.