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Allied Digital Secured MSETCL Project for Network Modernisation

Written by: Team Angel OneUpdated on: Feb 7, 2025, 3:27 PM IST
Allied Digital Services Ltd. has secured a ₹14 crore project from MSETCL to upgrade its network with SD-WAN, aiming for connectivity and smoother operations.
Allied Digital Secured MSETCL Project for Network Modernisation
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Allied Digital Services Limited has been awarded a project by Maharashtra State Electricity Transmission Company Limited (MSETCL) to upgrade its network infrastructure using Software-Defined Wide Area Network (SD-WAN)technology.

Project Details 

The project involves the supply, installation, configuration, and commissioning of an advanced SD-WAN solution across MSETCL’s offices in Maharashtra. Allied Digital will also deploy cloud instances to support the SD-WAN system and integrate it with MSETCL’s cloud infrastructure. The Division Office level will be covered as part of the implementation, ensuring a stable and secure network.

The contract is valued at over  ₹14 crore and is expected to be completed in 4-8 weeks. Post-implementation, Allied Digital will handle operations and maintenance (O&M) for 60 months.

MSETCL’s Role in Power Transmission

MSETCL, a fully owned corporate entity of the Maharashtra government, is responsible for transmitting electricity from power generation points to distribution centers. The company manages a portion of the state’s power transmission network and is focusing on modernizing its infrastructure to improve efficiency and reliability.

Company Background

Allied Digital is a global IT services and solutions provider with operations in over 70 countries. The company works across infrastructure management, cloud enablement, cybersecurity, and digital transformation projects. It has previously undertaken large-scale digital projects, including smart city initiatives.

Financial Performance

For Q3 FY25, Allied Digital reported a 51.4% increase in net profit at ₹17.71 crore, compared to ₹11.70 crore in Q3 FY24. Net sales rose 28.9% year-on-year to ₹220.57 crore.

Following the announcement,  As of February 7, 11:53 AM, Allied Digital Services Ltd. is trading at ₹277.20, up ₹2.19 (0.80%) today, showing a 32.57% gain over the past six months and a 68.20% increase over the past year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing

Published on: Feb 7, 2025, 3:27 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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