Allied Digital Services selected for Ayodhya Smart City project
By MYBRANDBOOK
Allied Digital Services has been selected for a multi-location CCTV surveillance project in the Ayodhya Smart City. In an exchange filing, the IT service management company said that it had been selected as the Master System Integrator for the Integration of CCTV Surveillance with the Existing ITMS Control Room for the Smart City Project. Allied Digital Services will establish a CCTV surveillance system across multiple locations and set up the Command Centre.
With this, the shares of the company zoomed 20% to hit a high of Rs 170.90 against the previous close of Rs 142.45 on BSE. Market cap of Allied Digital Services rose to Rs 943.83 crore on BSE. Earlier, the stock opened higher at Rs 143.70 on BSE. The stock has gained 87.94 percent in a year and risen 57.51 percent in six months. Total 6.62 lakh Allied Digital Services shares changed hands amounting to a turnover of Rs 10.70 crore on BSE.
The project includes the establishment of a multi-location CCTV surveillance system. It is expected that the capital expenditure (CAPEX) and implementation phase will last for three months and it will be followed by a five-year operational and maintenance (O&M) phase.
The Video Management System (VMS) will have a critical role in handling live feeds, while recorded footage will be securely stored on local storage. The primary goals include enhancing safety and security, optimising city administration efficiency and promoting an improved quality of life for residents even as Ayodhya City is undergoing unprecedented transformation.
Commenting on the order win, Nitin D Shah, CMD – Allied Digital, 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."
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