The shares of the leading global digital transformation architect gained up to 1 percent after the company received the order worth Rs 190 crore for the Taloja Industrial City project.
With a market capitalization of Rs 848.78 crore, the shares of Allied Digital Services Ltd were trading at Rs 153.50 per share, decreasing around 4.74 percent as compared to the previous closing price of Rs 161.30 apiece.
According to the company filing, Allied Digital Services Ltd has received a Letter of Intent for Taloja (a town in Navi Mumbai) Smart Industrial City Solution contract, valued at Rs.190 Crores. This transformative project spans an 18-month implementation period, followed by a 60-month Operations and Maintenance phase.
Furthermore, The scope of work for this project encompasses the establishment of an Integrated Command & Control Centre (ICCC) at both the Corporation’s Head office and the Industrial Township. The ICCC software will seamlessly integrate with a Cloud-based Data Center/Disaster Recovery system.
Additionally, the project involves the installation of a cutting-edge CCTV-based Surveillance System to improve security and monitoring capabilities, and, the project also includes the development of a Smart Water Metering system that seamlessly integrates data into the ICCC and Water Billing System (WBS).
Looking into Allied Digital Services Ltd’s performance, revenue decreased by 2 percent from Rs 174 crore in Q3 FY23 to Rs 171 crore in Q3 FY24. During the same period, net profit decreased by 36 percent, from Rs 19 crore to Rs 12 crore.
The company’s two-decade partnership with a well-known restaurant chain has been renewed for another year. The company’s IT assistance, which covers 4,700 restaurants in 48 states throughout the United States, demonstrates its long-standing connection, which has been strengthened by a $1.8 million contract extension.
Allied Digital Services Limited is an IT services company that designs, develops, and deploys digital solutions while also delivering end-to-end IT infrastructure services, enterprise applications, and integrated solutions.
Written by:- Abhishek Singh
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