L&T Infrastructure Development Projects (L&T IDPL) has signed an Rs 5 crore MoU with Australian software company Sensen Networks for implementing a closed circuit TV-based data analytics technology.
The technology uses optical character recognition to read (number plates of vehicles at a toll plaza) all fonts in various languages. The deal would be spread over three years and the technology would be implemented at 35 toll plazas that L&T IDPL handles.
The MoU was facilitated by the trade delegation of the state of Victoria, Australia. The delegation was led by Victoria’s Minister Louise Asher. The technology is expected to substantially bring down leakage in revenue for the concession holder of a toll plaza.
(copy edited for the MoU deal value)