Aurionpro Metro Deal & India Shelter Funding Boost
By ThePip Desk
Aurionpro Solutions wins Rs 50 Cr MMRDA order for AFC systems, while India Shelter Finance raises Rs 75 Cr via NCDs. Key corporate finance and tech news.
Aurionpro Solutions has secured a substantial additional mandate from the Mumbai Metropolitan Region Development Authority (MMRDA), valued at approximately Rs 50 crore. This contract expands its existing Automated Fare Collection (AFC) system deployment across Mumbai Metro lines.
The new order, falling under Aurionpro’s Transit and Smart Mobility segment, significantly extends its engagement beyond Mumbai Metro Lines 4 and 4A. It now includes the deployment of its advanced AFC system to six additional stations within Mumbai Metro Line 5 – Phase I, deepening its footprint in urban transit infrastructure.
India Shelter Finance Secures Fresh Capital
Concurrently, India Shelter Finance Corporation has successfully raised capital through a private placement of Non-Convertible Debentures (NCDs). This move strengthens the company’s financial position, attracting investment in its debt instruments.
- Raised: Rs 75 crore
- Number of NCDs: 7,500
- Face Value per NCD: Rs 1 lakh
- Interest Rate: 8.10% p.a. p.q. fixed
- Maturity Date: July 30, 2031
- Approval Date: July 30, 2026 by Asset Liability Management Committee
Ramco Systems Drives Asia Pacific Payroll Transformation
In another significant corporate development, Ramco Systems has rolled out its Payroll Managed Services for Aurecon, an engineering consultancy operating across the Asia Pacific region. This deployment, powered by Ramco’s Payce platform, aims to digitally transform Aurecon’s payroll operations.
- Deployed across: Singapore, Hong Kong, Malaysia, Thailand, the Philippines, Vietnam, and Indonesia
- Replaces: Legacy payroll processes in each country
- Provides: Single, consistent, and consolidated service
- Manages: Gross and net pay calculations, retroactive pay and increments, and payslip generation
These distinct developments underscore varied strategic plays across Indian companies, from infrastructure expansion and capital raising to regional digital transformation. Each move reflects efforts to solidify market positions and streamline operations, indicating a dynamic corporate landscape.