Hot Pursuit     11-Jan-24
Allied Digital hits 52-week high after bagging MSI contract for Ayodhya Smart City Project
Allied Digital Services zoomed 19.97% to Rs 170.90 after the company has been selected as a Master System Integrator (MSI) for the Integration of CCTV Surveillance with Existing ITMS Control Room for the Ayodhya Smart City Project.
The project entails the establishment of a multi-location CCTV surveillance system. The primary goals include enhancing safety and security, optimizing city administration efficiency and promoting an improved quality of life for residents even as Ayodhya City is undergoing unprecedented transformation.

The capital expenditure (CAPEX) and implementation phase is anticipated to last three months, followed by a five-year operational and maintenance (O&M) phase.

In addition to setting up of new cameras, Nagar Nigam Ayodhya seeks to integrate the present CCTV surveillance camera network into a unified system which will be connected to the existing ITMS control room. The Command Centre being set up by ADSL will serve as the over-arching control room for the entire surveillance system, both new and existing as well as for further installations in the near future.

Nitin D Shah, chairman and managing director (CMD), said, “The selection of Allied Digital as the Master System Integrator for this prestigious project in the rapidly transformed city of Ayodhya has further strengthened our leadership position in this space. We will be delivering mission critical systems as the Command-and-Control Centre being set up will serve as the cockpit for oversight of the entire city-wide surveillance system. The deployment of cutting-edge solutions that enhance safety, security and the overall quality of life will serve as a perfect blend of the ancient and modern given the rich history and deep cultural significance of this prestigious City."

Allied Digital Services Global leader in Information Technology consulting and services. The company is a Global managed service provider and Master Systems Integrator, offering infrastructure solutions and services to clients in 70-plus countries. The service portfolio ranges from cloud enablement, cyber security, integrated solutions, infrastructure management, software services and workplace services.

The company’s consolidated net profit declined 35.6% to Rs 11.47 crore in Q2 FY24 as compared with Rs 17.81 crore in Q2 FY23. Net sales rose 1.92% YoY to Rs 170.23 crore in Q2 FY24.

The scrip hit an 52 week high at Rs 170.90 in intraday today.

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