Aurionpro Solutions has secured an order in the smart transit segment. This will be amongst the largest in the world with approximately 50 crore commuters travelling annually.
The company will be the system integrator for implementing IoT-based Integrated Bus Ticketing System for the Uttar Pradesh State Road Transport Corporation (UPSRTC) on a build, own, operate and transfer (BOOT) model.
The project is expected to be worth over Rs 60 crore, over five years, with the minimum guaranteed revenue.
The tenure of the project includes implementation and go-live within six months from the signing of the contract followed by the operations and maintenance of up to seven years after go-live.