Aurionpro Solutions forays in Egypt for railway project; stock locks in upper circuit

Aurionpro Solutions Limited’s subsidiary, SC Soft Pte Ltd has been selected by an e-finance-led consortium to supply portable ticket validators for the Egyptian National Railway Project. This marks the company’s foray into the Egyptian market. 

Egyptian National Railways has sought to implement an automatic fare collection (AFC) system that will serve the current and upcoming railway lines as well as other modes of transport. The new system will use EMV contactless smart cards, QR tickets for multiple journeys. It has been set as a future for multimodal journey platform & ticketing system for the upcoming transportation digitisation in Egypt. 

SC Soft Pte Ltd is amongst the key partners of e-finance in this project. Its modern state-of-the-art AFC systems support all fare media & payment methods including closed-loop systems (smart cards), open loop systems and payments (contactless EMV) along with mobile apps for payments, top-ups, and ticketing. 

Aurionpro is a global technology solutions leader, employing more than 1,200 domain and technology experts across North America, Asia & Europe. The company caters to a host of clients across the BFSI, the telecom & logistics industry. 

With this, the stock of Aurionpro Solutions has hit and got locked in upper circuit of 10 per cent at Rs 156.85 from its previous close of Rs 142.60 on BSE.