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What is the story about?
Aurionpro Solutions Limited on Tuesday, January 27, said it has secured a multi-year order from Titagarh Rail Systems Limited for the design, supply, commissioning and long-term maintenance of Platform Screen Door (PSD) systems for Mumbai Metro Line 5.
Aurionpro, in an exchange filing, said the engagement is one of the largest multi-million-dollar deals in its Smart Transit portfolio and will be executed in consortium with KTK Group Co. Ltd. The order marks Aurionpro’s entry into safety-critical automatic PSD solutions, expanding its end-to-end urban mobility offerings in India’s rapidly growing metro rail market.
The win is also Aurionpro’s first collaboration with Titagarh Rail Systems and builds on the company’s existing footprint in Mumbai’s metro network, following earlier orders for Metro Lines 4 and 4A awarded by the Mumbai Metropolitan Region Development Authority.
Sanjay Bali, President – Tech Innovation Group at Aurionpro, said, "Driven by sustained investments in R&D, Aurionpro has built a strong portfolio of innovative offerings in the smart transit space, complemented by state-of-the-art manufacturing capabilities at our Ghaziabad facility under AuroToshi, our subsidiary aligned with the Make in India initiative."
According to Aurionpro, the addition of PSD systems broadens its addressable market across metro rail, railways and BRTS applications, while enhancing passenger safety, station comfort and operational efficiency, particularly for high-traffic and automated metro networks.
Earlier this month, the company had secured a fresh order from Delhi Metro Rail Corporation (DMRC) Limited, valued at around ₹150 crore, to implement Automated Fare Collection (AFC) systems for the Bhopal and Indore Metro projects.
Aurionpro Solutions aims to become a top-three global player in its core technology segments by 2030 , expecting to sustain its strong growth momentum of about 32–33% CAGR since the fiscal year 2020-21 (FY21). CEO Ashish Rai earlier said that maintaining this pace could help the company reach ₹5,000 crore in revenue by fiscal year 2029-30 (FY30).
Following the announcement, shares of the company were trading 938.60 as of 12.42 pm, down from the intraday highs of ₹953.60. The stock has dropped 11.88% in the last one month.
Aurionpro, in an exchange filing, said the engagement is one of the largest multi-million-dollar deals in its Smart Transit portfolio and will be executed in consortium with KTK Group Co. Ltd. The order marks Aurionpro’s entry into safety-critical automatic PSD solutions, expanding its end-to-end urban mobility offerings in India’s rapidly growing metro rail market.
The win is also Aurionpro’s first collaboration with Titagarh Rail Systems and builds on the company’s existing footprint in Mumbai’s metro network, following earlier orders for Metro Lines 4 and 4A awarded by the Mumbai Metropolitan Region Development Authority.
Sanjay Bali, President – Tech Innovation Group at Aurionpro, said, "Driven by sustained investments in R&D, Aurionpro has built a strong portfolio of innovative offerings in the smart transit space, complemented by state-of-the-art manufacturing capabilities at our Ghaziabad facility under AuroToshi, our subsidiary aligned with the Make in India initiative."
According to Aurionpro, the addition of PSD systems broadens its addressable market across metro rail, railways and BRTS applications, while enhancing passenger safety, station comfort and operational efficiency, particularly for high-traffic and automated metro networks.
Earlier this month, the company had secured a fresh order from Delhi Metro Rail Corporation (DMRC) Limited, valued at around ₹150 crore, to implement Automated Fare Collection (AFC) systems for the Bhopal and Indore Metro projects.
Aurionpro Solutions aims to become a top-three global player in its core technology segments by 2030 , expecting to sustain its strong growth momentum of about 32–33% CAGR since the fiscal year 2020-21 (FY21). CEO Ashish Rai earlier said that maintaining this pace could help the company reach ₹5,000 crore in revenue by fiscal year 2029-30 (FY30).
Following the announcement, shares of the company were trading 938.60 as of 12.42 pm, down from the intraday highs of ₹953.60. The stock has dropped 11.88% in the last one month.
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