13 April 2024 – In an exchange filing on April 13, the business said that Engineers India Ltd and Detect Technologies Pvt Ltd had inked a Memorandum of Understanding (MoU) for Artificial Intelligence (AI) based monitoring to guarantee safe practices at construction sites and track project progress in India and beyond.
The Memorandum of Understanding was formally signed on April 12 in the presence of Detect Technologies Director R Ramachandran, Chief Business Officer Varun Kumar, and Chairman and Managing Director of Engineers India Vartika Shukla. Tarun Kumar Mishra, Chief Strategy Officer of Detect Technologies, and Rajeev Gupta, Director (Projects) of Engineers India, also attended the signing event.
In accordance with the terms of this agreement, Engineers India and Detect Technologies will work together to provide real-time AI-based monitoring solutions for improving safety procedures and tracking project progress across a range of Engineers India construction projects.
Conclusion
This collaboration will install and manage AI-based solutions that use cameras, drones, and cloud computing infrastructure to maintain a safe working environment and reduce accidents and injuries. It will also supervise project development. This agreement reaffirms EIL’s commitment to guaranteeing the highest safety standards across all projects.