Allied Digital Services Ltd (ADSL) shares were locked in a 20% upper circuit limit after the IT service management company announced being selected for a multi-location CCTV surveillance project in the Ayodhya Smart City. 

Shares of Allied Digital Services were locked in at the upper circuit, closing at Rs 170.70, up 20% from its previous closing price on the National Stock Exchange (NSE). 

Allied Digital Services said in an exchange filing that it had been selected as the Master System Integrator (MSI) for the Integration of CCTV Surveillance with the Existing ITMS Control Room for the Ayodhya Smart City Project. 

As per the details of the project, Allied Digital Services will establish a CCTV surveillance system across multiple locations and set up the Command Centre to be used as the overarching control room for the entire surveillance system.

The filing added that the project’s primary goals include enhancing safety and security, optimising city administration efficiency and promoting an improved quality of life for residents of Ayodhya City. 

The capital expenditure (CAPEX) and implementation phase is expected to span over three months, followed by a five-year operational and maintenance (O&M) phase. 

The company said that the Video Management System (VMS) will be vital in handling live feeds, while recorded footage will be securely stored on local storage.