Aurionpro Solutions Secures ₹150 Crore DMRC Metro Tech Order
Overview
Aurionpro Solutions has secured a significant ₹150 crore contract from Delhi Metro Rail Corporation to implement Automated Fare Collection (AFC) systems for the Bhopal and Indore Metro projects. The multi-year deal includes five years of operations and maintenance, enhancing commuter convenience and operational efficiency with EMV card and QR-code-based solutions. This win strengthens Aurionpro's presence in India's metro network.
Stocks Mentioned
Metro Expansion Bolstered
Aurionpro Solutions Limited has secured a significant contract worth approximately ₹150 crore from Delhi Metro Rail Corporation (DMRC) Limited. The agreement tasks Aurionpro with implementing Automated Fare Collection (AFC) systems for the upcoming metro rail networks in Bhopal and Indore. This multi-year contract marks a substantial expansion for the company across India's public transit infrastructure.
Technology and Integration
The project involves supplying, implementing, and maintaining open-loop EMV card- and QR-code-based AFC solutions. Aurionpro will deliver end-to-end system implementation followed by five years of operations and maintenance support. The systems are designed to improve commuter convenience and enhance operational efficiency for the Madhya Pradesh metro systems, aligning with global payment standards and India's National Common Mobility Card (NCMC) norms. The company highlighted its 'Made in India' capabilities for the design and manufacturing.
Market Reaction
Sanjay Bali, President – Tech Innovation Group at Aurionpro, stated the engagement reinforces the company's growing presence in India's metro ecosystem and positions it strongly for future opportunities in smart mobility. The announcement follows a recent multi-year transaction banking deal with a major PSU bank. Despite the new order, shares of Aurionpro Solutions traded down 2.03% at ₹1,034 on Monday afternoon, having previously fallen 36.96% over the past six months.
