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3i Infotech shines as its arm signs MoU with SRM Valliammai Engineering College
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3I Infotech is currently trading at Rs. 35.00, up by 1.27 points or 3.77% from its previous closing of Rs. 33.73 on the BSE.
The scrip opened at Rs. 35.20 and has touched a high and low of Rs. 35.64 and Rs. 34.79 respectively. So far 104999 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.20 on 12-Sep-2022 and a 52 week low of Rs. 25.93 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 35.64 and Rs. 31.69 respectively. The current market cap of the company is Rs. 591.99 crore.
The Institutions and Non-Institutions held 11.47% and 88.53% stake respectively in the company.
3i Infotech’s wholly-owned subsidiary -- NuRe FutureTech has signed a Memorandum of Understanding (MoU) with the Department of Computer Science at SRM Valliammai Engineering College, Chennai. This partnership aims to establish a path-breaking AI Lab within the institute’s campus.
The collaboration will foster a mutually beneficial relationship for both the partners through promoting knowledge exchange, research opportunities, and academic growth. This Campus to Corporate initiative expands the idea of FutureTech to bridge the learning gap between academia-industry. In early 2022, 3i Infotech opened its office ina IIT Mdras Research Park, Chennai to establish FutureTech business labs to work on next-gen technologies.
The scope of this partnership will be expanded to include other departments within the college, such as Information and Technology, Artificial Intelligence and Data Science. Each batch is expected to include 50 students with a faculty strength of 27 professors. The course structure will range from Level 1 - Level 4 encompassing - Introduction to AI and Data Science, AI Foundations, Introduction to AI Techniques, and AI in Production. This will further be extended to specializations in AI in healthcare, manufacturing, agriculture, energy, communication, transportation, environment, and education.
3i Infotech is a global Information Technology company which provides technology solutions to over 1500 customers in more than 50 countries across 5 continents, spanning a range of verticals.
