You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Aurionpro Solutions rises after order win

Capital Market 

Aurionpro Solutions jumped 4.3% to Rs 275.50 after the company announced that it has been selected by the SBI as the solution provider for Kanpur Metro Project (KMP) under Uttar Pradesh Metro Rail Corporation Limited (UPMRCL).

The scope of project includes implementation of NCMC based Automatic Fare Collection System (AFC System) followed by the maintenance and support for a period of 10 years post go-live. The project is valued (inclusive of taxes) close to Rs 140 crore.

Sanjay Bali, EVP of Aurionpro Solutions said, We are delighted to announce this win and are thankful to the State Bank of India and UPMRCL for choosing us. This is another significant win in the smart transit space which clearly underscores our growing position in the market. Further, this also signifies importance of strategic acquisition of Toshi Automatic Systems Pvt. Ltd (TASPL) which helps us consolidate our position further as the only integrated player in the AFC segment. We are confident of reaping benefits from this strengthened position and looking forward to continue with the healthy growth in this segment. This win also marks strengthening of our association with State Bank of India Bank as this is our third large win with the bank in the AFC segment.

Aurionpro Solutions is a technology solutions provider that helps enterprises accelerate their digital innovation. It caters to a host of clients across BFSI, telecom and logistics industry.

On a consolidated basis, net profit of Aurionpro Solutions surged 173.85% to Rs 19.58 crore on 39.40% rise in net sales to Rs 122.23 crore in Q2 FY22 over Q2 FY21.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, December 07 2021. 13:39 IST