SAR Televenture Signs Rs 10 Crore MOU for NH-19 Traffic Management System
SAR Televenture signs a ₹10 crore MOU with Superwave Communication for an Advanced Traffic Management System on the Delhi-Agra section of NH-19.
by Damodharan N
Updated Jul 23, 2024
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SAR Televenture Limited has announced a significant new development with a ₹10 crore Memorandum of Understanding (MOU) with Superwave Communication and Infrasolution Private Limited. This MOU is part of the Delhi-Agra Expressway project and covers the design, supply, installation, testing, commissioning, and operation & maintenance of an Advanced Traffic Management System on the Delhi-Agra section of NH-19.
The project aims to enhance traffic management on this crucial highway, improving efficiency and safety. There is no shareholding interest in the partnering company, and the MOU does not include special rights or restrictions on changes in capital structure.
SAR Televenture continues to advance its infrastructure projects, reinforcing its commitment to improving public road safety and traffic management.
Source: Here
SAR Televenture
SAR Televenture is a telecom service provider specializing in 4G and 5G tower leasing, with a focus on constructing advanced telecom infrastructure. Established by experts with senior experience in major telecom operators, the company operates internationally through its subsidiary, ABSA Innovations in Myanmar.
SAR is known for its ISO 9001-2015 and ISO 45001-2018 certifications, reflecting its commitment to quality. They offer a range of services including FTTH, virtualized networks, fiber networking, and small cell networking. SAR prides itself on its structured team, technical support, and strong OEM relationships, ensuring high-quality, customized telecom solutions.
Superwave Communication and Infrasolution
Superwave Communication and Infrasolution Private Limited (SCAIPL), based in New Delhi, is a growing leader in highway electrification and civil solutions. The company specializes in toll management and highway traffic management systems.
With a focus on safety and state-of-the-art infrastructure, SCAIPL combines global technology with local expertise to deliver customized solutions. Their offerings include toll management, electrical solutions, green energy, intelligent lighting, smart city solutions, and vehicle tracking systems.
They emphasize continuous improvement, innovation, and strategic partnerships to achieve excellence and customer satisfaction.
SAR Televenture Signs Rs 10 Crore MOU for NH-19 Traffic Management System - FAQs
1. What type of contract did SAR Televenture sign?
SAR Televenture signed a Memorandum of Understanding (MOU) with Superwave Communication and Infrasolution Private Limited.
2. What is the value of the contract?
The contract is valued at ₹10 crore.
3. What is the focus of the contract?
The focus of the contract is on creating an Advanced Traffic Management System for the Delhi-Agra section of NH-19.
4. Which highway is affected by the contract?
The contract pertains to the Delhi-Agra section of National Highway 19 (NH-19).
5. What services are included in the contract?
The services include design, supply, installation, testing, commissioning, and operation & maintenance of the traffic management system.
6. Who are the contracting parties?
The contracting parties are SAR Televenture Limited and Superwave Communication and Infrasolution Private Limited.
7. Is there any equity stake involved in the contract?
No, SAR Televenture does not hold any shareholding interest in Superwave Communication.
8. Are there any special rights or restrictions included in the contract?
The MOU does not include any special rights, restrictions on share issuance, or changes in capital structure.
9. What is the purpose of the contract?
The purpose of the contract is to enhance traffic management efficiency and safety on the Delhi-Agra stretch of NH-19.
10. What project is this contract part of?
This contract is part of the Delhi-Agra Expressway project.