Infosys today announced it has commenced work on its new campus in Nagpur, Maharashtra. The chief minister of Maharashtra, Prithviraj Chavan laid the foundation stone for the campus at Nagpur in the presence of N. R. Narayana Murthy, founder and executive chairman, Infosys.
The new campus at Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN), SEZ will be spread over 142 acres of land allocated by the Government of Maharashtra and construction will be
undertaken in phases.
In the first phase of construction, the company will make an investment of Rs 4.75 billion to create a built-up area of 9.5 lakh sq. ft. to seat 5,000 software professionals. Phase I of this state-of-the-art facility is likely to be completed in the next 24 months.
Infosys said, "The campus has been designed by architectural firm Morphogenesis and will be developed and executed as per the highest rating guidelines of Green Rating for Integrated Habitat Assessment (GRIHA) and Leadership in Energy and Environmental Design (LEED). Many innovative ideas have been incorporated in the building design, energy utilization and water consumption patterns. The building will leverage radiant cooling technology, natural lighting, water recycling and environment friendly materials for construction."
The company further said, "Infosys is one of the largest employers in the IT sector in Maharashtra and this is the company's third campus in the state. The first two campuses are situated in Pune. Infosys began its operations in Pune in 1996 and moved to a 25 acre campus at Rajeev Gandhi Tech Park in 1999. This campus has a built-up area of 5.9 lakh sq. ft. with seating capacity for 3,750 employees. Infosys has invested Rs 2.2 billion in this campus and the current annual turnover from this development center is Rs 10.86 billion.
The company's second campus in Pune is situated on 114 acres, with a built-up area of 62.05 lakh sq. ft. with seating capacity for 33,000 employees. Infosys has invested Rs 18 billion in the campus and the current annual turnover from this development center is Rs 70.75 billion."
N. R. Narayana Murthy, founder and executive chairman of the board, Infosys said, ''Our investment in a third campus firmly establishes Maharashtra as a key region for Infosys. Maharashtra has always occupied a very special place in the journey of this company and we are thankful to the government for their unwavering support and encouragement. Nagpur is a culturally vibrant city and with industry focus shifting to non-metros, the city is rightfully staking its claim in this new dispensation.''
Shares of the company gained Rs 38, or 1.02%, to settle at Rs 3,751.70. The total volume of shares traded was 15,691 at the BSE (Friday).