The shares IT company specializing in providing a wide range of information technology and consultancy services jumped upto 4 percent upon receiving a work order for more than Rs.14 crores from Maharashtra State Electricity Transmission Company Limited (MSETCL).
Price action
With a market capitalization of Rs. 1,543.66 crores on Friday, the shares of Allied Digital Services Limited rose upto 4 percent making a high of Rs. 286.00 per share compared to its previous closing price of Rs. 274.55 per share.
What Happened
Allied Digital Services Limited engaged in providing a wide range of information technology and consultancy services has received a domestic work order from Maharashtra State Electricity Transmission Company Limited (MSETCL) to upgrade and modernize its network through the implementation of Software-Defined Wide Area Network (SD-WAN).
This project is valued at more than Rs.14 Cr. and is to be implemented in 4-8 weeks followed by 60 months of O&M (Operations & Maintenance), ensuring optimal network performance and continued support.
Furthermore, as a part of the initiative, Allied Digital will deploy an advanced SD-WAN solution across MSETCL’s offices, including Division Offices, ensuring a reliable and high-performance network. The scope of work includes:
- Supply, installation, configuration, and commissioning of the SD-WAN solution at MSETCL offices in Maharashtra.
- Deployment of Cloud Instances for smooth SD-WAN integration with MSETCL’s cloud.
- Providing a comprehensive SD-WAN architecture to enable remote connectivity.
Management Commentary
Mr. Nitin D Shah, CMD – Allied Digital said: ” We are honored to be entrusted by MSETCL for the transformation of this critical network. This project reinforces Allied Digital’s expertise in delivering cutting-edge digital engineering solutions.
By implementing an advanced SD-WAN solution, we will enable MSETCL to achieve superior network performance, security, and scalability, ultimately strengthening Maharashtra’s power transmission ecosystem. We anticipate further upside from this project, with scope for follow-up projects from MSETCL as well as similar opportunities from the power sector.”
About the Company
Allied Digital Services Limited is a global IT services company that provides end-to-end technology solutions. The company specializes in digital transformation, IT infrastructure management, and cloud services. With expertise in various sectors, Allied Digital offers tailored solutions to meet business needs.
Financials
The company’s revenue rose by 29.8 percent from Rs. 171.66 crores to Rs. 222.86 crores in Q3FY24-25. Meanwhile, Net profit rose from Rs.11.7 crores to Rs. 17.71 crores in Q3FY24-25.
Written by Sridhar J
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