Sterlite Technologies is up and buzzing today morning. The stock price opened over 4.5% higher to go up to Rs.152.90 from Friday’s close of Rs.146.25. Its 52-week high stands at Rs.170.

The company, which is an end-to-end global technology leader in smarter digital networks, on the occasion of the second anniversary of the Smart Cities Mission, announced the company’s selection for the implementation of Smart City solutions in Kakinada, Andhra Pradesh, India.

Kakinada was chosen among the first 20 cities in the first phase of the Smart City Mission. The project aims to bring transformational changes in the everyday living experiences of over 3.25 lakh citizens of Kakinada, through real-time governance and efficient delivery of citizen services. As part of the project, Sterlite Tech will design, build and manage the Kakinada Smart City for the next six years.

This means the company is expected to design, build and manage Smart City related ICT solutions. These include Command Control Centre, CCTV surveillance, Wi-Fi, automatic number-plate recognition, face detection, waste and disaster management, among other platforms, bringing many technology firsts to India in terms of horizontal IoT platform, LoRa-based city-wide wireless sensor network and disaster management systems.