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Allied Digital Services on Wednesday announced that it has received letter of intent (LoI) aggregating to Rs 49 crore for Solapur Smart City project.
The company said that the total contract value is approximately Rs 49 crore. The project is expected to be executed in a period of 9 months and operations and maintenance shall run for 36 months.
The company reported a steeply higher net profit of Rs 16.82 crore in Q4 FY22 as against net profit of Rs 3.90 crore recorded in Q4 FY21. Net sales soared 63.3% to Rs 156.42 crore in Q4 FY22 from Rs 95.76 crore posted in Q4 FY21.