Datamatics International Companies Restricted has secured a contract to implement an Computerized Fare Assortment (AFC) system for 23 stations on Pune Metro Line 3, the corporate introduced as we speak. The venture covers the Hinjewadi to Civil Courtroom (Shivaji Nagar) route, spanning roughly 23 kilometers of elevated observe.
The shares of Datamatics International Companies Restricted have been buying and selling at ₹680.80, up by ₹57.25 or 9.18 per cent on the NSE as we speak at 2.40 pm.
The expertise firm will design, provide, set up, check, fee, and combine the AFC system, which shall be suitable with the Nationwide Widespread Mobility Card (NCMC) customary. The system will assist EMV open-loop contactless playing cards and QR-based ticketing choices.
Pune Metro Line 3 is being developed as a public-private partnership between the Pune Metropolitan Regional Growth Authority (PMRDA) and a three way partnership of TRIL City Transport Personal Restricted and Siemens Challenge Ventures GmbH. The venture will function on a Design, Construct, Finance, Function & Switch (DBFOT) foundation for 35 years.
Rahul Kanodia, Vice Chairman and CEO of Datamatics, famous that the corporate is the one Indian agency with a sturdy AFC resolution. The corporate has beforehand applied AFC programs in a number of Indian metro initiatives, together with Lucknow, Mumbai, Kolkata, and the Delhi-Meerut RRTS hall. Globally, Datamatics has executed over 25 comparable initiatives in cities like London, Hong Kong, Dubai, and Melbourne over the previous 25 years.
