Aksh Optifibre Hits New One-Month-High on Winning Jaipur Smart City Project | CORPORATE ETHOS

Aksh Optifibre Hits New One-Month-High on Winning Jaipur Smart City Project

By: | July 12, 2017
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July 12: Optical fibre firm Aksh Optifibre Ltd on Wednesday said that it has been awarded the Jaipur smart city project.

“Jaipur smart city is a project led and implemented by Jaipur Smart City Ltd, (JSCL) who invited a bid for Development of Smart Road in ABD areas of Jaipur. Aksh participated in the said bid and has been awarded with the Letter of Acceptance (LOA) from JSCL,” the company said.

According to the company, it will deploy its OFC network to install the smart city Wi-Fi network, smart LED lighting system for energy efficiency, IP-based surveillance system with vehicle identification and counting, environment sensors for monitoring the environment, smart parking system, and smart communication.

Aksh will set up the network, provide internet connectivity through ISP to things, people, devices, and vehicles in the city street; wired and wireless, scalable, and highly secure network platform; a data management framework to help enable data collection, organization, and distributed compute and storage services, location services, and security services. The organization will maintain the network for five years.

Aksh has forayed into smart city projects with a vision for planned development and progressive growth in various cities of the country, in sync with the smart cities mission of government of India, it said.

Satyendra Gupta, Deputy Managing Director at Aksh Optifibre Ltd, said, “Aksh is committed towards playing a pivotal role in the development of cities by bringing innovation and technology coupled with planned implementation in order to benefit the citizens at large. Our mission is to provide smart services and solutions in the cities which would also at the same time, assist the civil administration and contribute to the government’s smart cities mission unequivocally.”

In addition to it, Aksh has also stepped into energy sector with an aim to revolutionize it by introducing ‘Energy efficient lighting programs’ wherein the company intends to provide cost and energy effective lighting products to serve the people across the county.

Shares of the company surged nearly 10% to touch a new one-month high of Rs 23.75 intraday Wednesday on BSE after the announcement came in. The Rs 5 face value shares closed trading at Rs 22.70, up 4.85% from the previous closing of Rs 21.65.