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Suyog Telematics has received a letter of acceptance from Maharashtra State Road Development Corporation with respect to bids submitted for installing BTS equipment and poles along various flyovers/ subways in and around Mumbai. The company claims that the acceptance, which allows setting up of 329 poles on various flyovers/ subways of MSRDC, marks a landmark event in the expansion of the company’s telecom infrastructure capacity build-up. It expects to complete the remaining formalities shortly and make these sites active for revenue generation in the fourth quarter of FY 2016-17. The stock of Suyog Telematics slumped 16 per cent at ₹398 on the BSE.
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