By Chaitanya | BBA Finance Graduate & 6+ Years of Experience in Stock Market & Finance

In a significant development for India’s urban mobility landscape, Aurionpro Solutions Ltd. (BSE: 532668, NSE: AURIONPRO) has secured a substantial contract valued at approximately ₹250 crore from the Mumbai Metropolitan Region Development Authority (MMRDA). This landmark agreement entrusts Aurionpro with the crucial task of designing, supplying, implementing, and maintaining the Automatic Fare Collection (AFC) system for Mumbai Metro Lines 4 and 4A.

This multi-year pact solidifies Aurionpro’s growing presence in the public transport sector, adding Mumbai to its portfolio after successfully deploying AFC systems for the Delhi and Chennai Metros. Mumbai now becomes the third major Indian city to leverage Aurionpro’s expertise in modern fare collection technology, showcasing the company’s strong track record and capabilities in large-scale urban infrastructure projects.

Understanding the Mumbai Metro Lines 4 and 4A

The Mumbai Metro Line 4, often referred to as the Wadala-Ghatkopar-Thane-Kasarvadavali corridor, spans an impressive 35.26 kilometres. This fully elevated double-track viaduct is designed to host 32 stations, including 6 vital interchange points, significantly enhancing connectivity across the Mumbai Metropolitan Region. Its design speed is set at 90 km/h, employing Communication-based Train Control (CBTC) with GoA-4 (Grade of Automation 4) technology for highly automated operations.

Line 4A serves as a critical extension of Line 4, stretching approximately 2.7 to 2.88 kilometres from Kasarvadavali to Gaimukh. This fully elevated corridor will feature two stations, further boosting accessibility for daily commuters. Official reports from the MMRDA indicate substantial progress on Line 4A’s civil work, with key structural elements nearing completion. The estimated civil work cost for Line 4A, undertaken by J Kumar Infraprojects, stands at ₹342 crore. These new metro lines are expected to drastically cut travel times, reducing them by 50% to 75% depending on road conditions, a massive relief for Mumbai’s bustling populace.

Here’s a snapshot of the key metrics for these vital metro lines:

Aurionpro’s Role in Modernising Fare Collection

The comprehensive scope of Aurionpro’s contract includes the delivery of a complete end-to-end AFC system. This encompasses the Central Clearing House Software (CCHS), essential for managing all fare transactions, along with the supply of advanced ticketing and payment hardware. Importantly, the system will feature Indian-developed National Common Mobility Card (NCMC)-enabled readers and automated gates, aligning with India’s vision for a unified payment ecosystem for public transport. Aurionpro is also responsible for five years of post-implementation maintenance and support, ensuring the smooth and efficient operation of the system.

Progress on the Ground: Metro Line 4A Construction

According to the latest status report from MMRDA as of 30 June 2025, civil works for Mumbai Metro Line 4A are well on track. Significant structural components have reached completion, paving the way for the integration of the AFC system. This progress is a testament to the dedicated efforts of the project teams and contractors, promising faster completion of the corridor.

Here’s a detailed look at the construction status for Metro Line 4A:

Aurionpro’s Strong Financial Footing

This significant contract win has also resonated positively with investors. Following the announcement of the Mumbai Metro AFC contract on 13 August 2025, Aurionpro’s stock witnessed a notable surge, climbing approximately 6% on 12 August 2025, as reported in market updates. The company’s stock has already demonstrated robust performance, being up 20% from its 52-week low of ₹1249.40, and astonishingly, delivering 4,700% returns over the past five years. This latest win further bolsters Aurionpro’s impressive total order book, which currently stands at over ₹1460 crore, indicating a healthy pipeline of future projects and a strong outlook for the company.

A Step Forward for Urban Transit in India

The awarding of the Mumbai Metro AFC contract to Aurionpro is a pivotal moment for urban transit in India. It underscores the nation’s commitment to modernising its public transportation systems with advanced, indigenously developed solutions. For Aurionpro, this project not only expands its footprint in the crucial urban mobility sector but also reinforces its reputation as a trusted partner for large-scale infrastructure development. As Mumbai eagerly awaits the full operationalisation of Lines 4 and 4A, the seamless fare collection system provided by Aurionpro will undoubtedly play a critical role in enhancing the commuter experience and driving the city’s growth.

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