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Kings Infra Ventures Ltd and NEC Corporation Japan launch Proof of concept for Precision Aquaculture

Posted On : 2021-05-15 18:02:33( TIMEZONE : IST )

Kings Infra Ventures Ltd and NEC Corporation Japan launch Proof of concept for Precision Aquaculture

Kings Infra Ventures Limited and NEC Corporation Japan achieved a remarkable landmark in Precision Aquaculture when the Proof of Concept (PoC) project using Recirculated Aquaculture System (RAS) based shrimp Aquaculture along with Artificial Intelligence and IOT was launched on 3rd May 2021. The POC is a joint initiative by NEC Corporation and Kings Infra Ventures Limited with the objective of utilizing Information and Communication Technologies (ICT) such as Internet of Things (IoT), networking, sensors technology and Artificial Intelligence (AI) to improve the farming key performance indicators (KPIs) such as density, survivability and Feed Conversion Ratio (FCR) to create optimum growth conditions for shrimps. The successful completion of the POC has the potential to disrupt the aquaculture technology globally by multifold increase in growing densities with more predictability and traceability.

The inaugural ceremony was held at the POC Site in Tuticorin and Mr. Shaji Baby John, Chairman & Managing Director, Kings Infra Ventures Limited released the First seedlings in the experimental facility. The E-launch meeting which followed was attended by key members of the NEC team and the Kings Team.

NEC is a US $28B (FY2020) Japanese multinational information technology and electronics Company established in 1899 and employing over 100,000 people worldwide. In India, NEC's presence has been significant especially in the various Government projects: (i) Development of the Aachaar Programs biometric system, (ii) Chennai - Andaman Nicobar submarine cable (iii) Bus Rapid Transit in Ahmedabad, Pune, Hubli, (iv) Safe City projects, (v) Logistics visualization service through joint venture between NEC and National Industrial Corridor Development Corporation (NICDC, ex DMICDC), (vi) Financial Inclusion in the rural areas partnering with Common Service Centers (CSC).

Kings has been the pioneers in the field of Aquaculture, introducing the first semi intensive integrated Aquaculture project in the country, in Tuticorin, Tamil Nadu in the year 1987, adapting Japanese technology to Indian conditions. By the year 1991, Kings established the record of the highest production per hectare and highest productivity in Asia of shrimp farming in semi intensive system of culture.

Shares of Kings Infra Ventures Limited was last trading in BSE at Rs.25.75 as compared to the previous close of Rs. 24. The total number of shares traded during the day was 164786 in over 222 trades.

The stock hit an intraday high of Rs. 26.5 and intraday low of 23.3. The net turnover during the day was Rs. 4018534.

Source : Equity Bulls