Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Infosys Foundation Signs MoU with Bangalore Metro to Build & Maintain the Electronics City Metro Station

Posted On: 2018-07-19 12:02:16

Infosys Foundation, the philanthropic arm of Infosys, today announced that it has signed a Memorandum of Understanding (MoU) with the Bangalore Metro Rail Corporation Limited (BMRCL) towards the construction of a station at Konappana Agrahara, in Electronics City.

This station is under the second phase of Bangalore Metro's expansion plans and the Foundation has committed to maintaining this station for the next 30 years.

The MoU, which was signed in the presence of Karnataka Chief Minister, Shri H.D. Kumaraswamy, and Deputy Chief Minister, Shri G. Parameshwara, also mentions the following:

- The station, to be named Infosys Foundation - Konappana Agrahara Metro Station, will be spread over two lakh square feet

- A 3,000 square feet space within the station will be dedicated to Infosys Foundation which will provide local craftsmen and artisans a platform to showcase their talent, and also host exhibitions, free of rent

- The roof of the station will be designed to support solar panels that will provide power for lighting, making this station a sustainable building

"We are extremely happy to have Infosys Foundation support BMRCL's expansion plan in Konappana Agrahara towards building a new metro station. The station is expected to be operational by 2021 and we encourage citizens of Bengaluru to fully avail the services of the metro rail and other public transportation systems. The government is extremely proud of BMRCL's achievements till date, and would like to congratulate BMRCL and Infosys Foundation on this momentous occasion," said Karnataka Chief Minister, Shri H.D. Kumaraswamy.

Speaking on the occasion Ms. Sudha Murty, Infosys Foundation Chairperson, said, "The metro is among the finest infrastructure projects our city is developing, and it is a boon to thousands of commuters in the city. Infosys Foundation is proud to contribute to this metro expansion program. Once operational, it will help further ease the traffic situation in Bengaluru and encourage office-goers to embrace public transportation."

Bangalore Metro currently sees close to 4 lakhs commuters daily, and this figure is expected to surge once BMRCL's 6-coach trains are functional by 2019. Daily ridership is also expected to increase several folds once the organization's Phase II expansion plans are completed by 2021.

"This station is extremely important as Electronics City is evolving as the city's new central business district. This area of Bengaluru witnesses thousands of IT professionals travelling daily to work, and considering traffic situations in parts of the city like the Madiwala and Silk Board junctions during peak hours, we expect this new route to ease traffic woes along this busy corridor and provide an alternative solution to a large number of private vehicles. We are grateful to Infosys Foundation for coming forth with their support towards building a landmark station," said Mr. Ajay Seth, Managing Director, BMRCL.

Shares of INFOSYS LTD. was last trading in BSE at Rs.1322.4 as compared to the previous close of Rs. 1327.4. The total number of shares traded during the day was 184669 in over 5154 trades.

The stock hit an intraday high of Rs. 1343.2 and intraday low of 1314.35. The net turnover during the day was Rs. 244434528.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Spicejet Ltd posts loss of Rs. 38.06 crores in Q1

Finolex Cables Ltd Q1 net profit drops to Rs. 90.34 crores

Ester Industries Ltd reports robust Q1FY19 results

Ram Ratna Wires Ltd reports standalone PAT of Rs. 4.88 crores in Q1

Ferro Alloys Corporation Ltd Q1 net profit lower at Rs. 11.38 crores

IDBI Bank Ltd sinks to Q1 loss of Rs. 2409.89 crores

Kolte-Patil Developers Ltd Q1 PAT jumps to Rs. 37.96 crores

Akme Star Housing Finance Ltd Q1 net profit soars to Rs. 0.94 crore

Prime Securities Ltd posts net profit of Rs. 2.73 crores in Q1 FY18-19

Salasar Techno Engineering Ltd Q1FY19 PAT higher at Rs. 8.92 crores

Sun Pharma Q1FY19 consolidated net profit at Rs. 982.51 crores

DIL Ltd reports consolidated profit of Rs. 16.68 crores

Birla Precision Technologies Ltd reports net profit of Rs. 2.64 crore in Q1

Cantabil Retail India Ltd Q1 PAT at Rs. 1.37 crore

Mysore Petro Chemicals Ltd posts net profit of Rs. 0.53 crore in Q1

Manaksia Steels Ltd Q1 PAT at Rs. 2.72 crore

Punjab Alkalies & Chemicals Ltd reports excellent Q1FY19 results

Dr. Agarwal's Eye Hospital Ltd Q1 net profit up at Rs. 5.23 crores

Grasim Industries Ltd Q1 consolidated PAT climbs to Rs. 1399.51 crores

HDIL consolidated Q1 net profit rises to Rs. 24.69 crores

Gujarat Fluorochemicals Ltd Q1 consolidated PAT zooms to Rs. 147.14 crores

Ganesh Housing Corporation Ltd reports PAT of Rs. 9.95 crores in Q1FY19

Shankara Building Products Ltd net profit at Rs. 19.46 crores in Q1FY19

Sri Nachammai Cotton Mills Ltd Q1 net profit up at Rs. 0.43 crore

Bharat Dynamics Ltd posts net profit of Rs. 81.81 crores in Q1

Rain Industries Ltd Q2 CY18 PAT zooms to Rs. 303.77 crores

Jay Ushin Ltd Q1 net profit down at Rs. 2.02 crore

Bodal Chemicals Ltd Q1 consolidated net profit climbs to Rs. 38.43 crores

Shiva Mills Ltd Q1 net profit higher at Rs. 2.60 crore

Kamadgiri Fashion Ltd Q1 PAT slumps to Rs. 0.27 crore

James Warren Tea Ltd posts net profit of Rs. 3.09 crore in Q1FY19

Man Infraconstruction Ltd consolidated Q1 net lower at Rs. 14.76 crores

Denis Chem Lab Ltd posts PAT of Rs. 2.15 crores in Q1FY19

Cineline India Ltd Q1 net profit higher at Rs. 3.09 crores

Allahabad Bank continues to post huge loss in Q1 FY19

Hisar Spinning Mills Ltd Q1 net profit at Rs. 0.48 crore

Steel Strips Wheels Ltd Q1 PAT rises to Rs. 21.51 crores

Shiva Texyarn Ltd reports lower Q1 PAT of Rs. 1.05 crore

Danlaw Technologies India Ltd consolidated Q1 net drops to Rs. 0.31 crore

Z F Steering Gear India Ltd Q1 PAT zooms to Rs. 17.41 crores

Oceanaa Biotek Industries Ltd Q1 net profit at Rs. 1.07 crore

Lincoln Pharmaceuticals Ltd Q1 PAT surges to Rs. 16.07 crores

Rajesh Exports Ltd posts jump in Q1 PAT to Rs. 399.15 crores

Gufic Biosciences Ltd Q1 net profit at Rs. 3.93 crores

AVT Natural Products Ltd Q1 net profit slides to Rs. 4.21 crore

Bannari Amman Spinning Mills Ltd Q1 PAT slips to Rs. 5.33 crores

Black Rose Industries Ltd Q1 PAT at Rs. 2.05 crore

BCL Industries and Infrastructures Ltd Q1 net profit higher at Rs. 5.83 crores

Everest Kanto Cylinder Ltd posts net profit of Rs. 5.36 crores in Q1

Archit Organosys Ltd reports Q1 loss of Rs. 1.27 crore





Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018