SBI Awarded Agra Metro’s Automatic Fare Collection Contract on PPP

14 Jun 2023 CW Team

The State Bank of India (SBI) won the Automatic Fare Collection (AFC) contract AGAFC-01 for the 29.40 km Agra Metro Phase 1 project in mid-May.

This systems contract by Uttar Pradesh Metro Rail Corporation (UPMRC) is the final major systems contract that needed to be finalized before commercial operations on Agra Metro's Priority Corridor connecting Jama Masjid Station to Taj East Gate Station could begin.

The contract will be performed under the PPP (public-private partnership) model, with SBI responsible for the end-to-end design, production, supply, installation, testing, and commissioning. An open loop EMV (RuPay/Master/Visa) NCMC card-based AFC system and QR code-based ticketing are used, with each device linked to a centralized back-office AFC system.

This is a renewal bid. When the first round of the tendering process finished in December 2022, UPMRC had received no offers despite inviting contracts in July 2022. Shortly later, a new tender notice with a 1050-day work term was published. When technical bids were opened in March 2023, SBI was the only bidder.

According to the provisions of the agreement, SBI would provide UPMRC a royalty of Rs. 15 lakh every year for ten years. Following the completion of Phase 1 of the Agra Metro project, Year 1 will begin and last for 365 days. On the last day of each of these years, payment would be required. SBI will be eligible for 4% of the money collected from fare boxes and other sources.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..