Aurionpro Solutions bags order worth Rs 40 crore from Haryana State Transport
Will the next quarter bring hopeful prospects for the company?
Aurionpro Solutions Ltd announced today a strategic order win from the Haryana State Transport Department for the execution of the NCMC open-loop tracking system and GPS system on the BOOT model. Haryana State Transport department monitors a major portion of passenger bus transport in the state, with 3,488 buses and luxury buses running on the streets, operated through 24 depots, making travel convenient for 40 crore passengers annually.
Aurionpro will be handling the open-loop automated fare collection system (AFCS) and online reservation system. The total contract value is more than Rs 40 crore spread over the tenure of five years.
The company is a technology solutions provider supporting businesses to grow through digital innovation. It caters for clients across verticals like BFSI, telecom, and logistics. The company has been facing losses in Q4FY21 and in FY21 as well. The quarter ended June has been a silver lining. Also, it has received several orders in Q2 as well, which may lead to better Q2 results.
The stock today was trading at 206.00, up by 2.23 per cent as of 12:34 pm on BSE.