Infrastructure giant, Larsen & Toubro (L&T), had been picked as the smart city implementation partner for Nagpur by the Maharashtra Government. Soon after the announcement, Larsen and Toubro shares jumped up to 1.3 percent on Tuesday.
Nagpur will be the first large-scale integrated smart city of the country. The company had received the letter of intent from Maharashtra Chief Minister, Devendra Fadnavis.
The project execution will be handed over to L&T's business unit – Smart World and Communication. It covers laying of 1,200 km of optical fibre network, establishing 136 city wi-fi hotspots, setting up 100 digital interactive kiosks and developing city surveillance systems with 3,800 IP-based cameras, according to the company's statement.
"After Jaipur, this is the most significant step in the country's journey towards establishing smart cities and we are delighted to be participating in transforming Nagpur into one," said SN Subrahmanyan, deputy managing director and president, Larsen & Toubro.