MapmyIndia inks pact with ISRO to boost 3D mapping; stock tumbles ~4%

13 Jun 2022 , 10:47 AM

CE Info Systems (MapmyIndia) informed investors that the company has collaborated with India’s space agency ISRO (Indian Space Research Organisation) to enhance the quality of its 3D maps.

The company is working to develop new maps as part of its debut in the metaverse.

Company’s Executive Director and CEO Rohan Verma commented that this collaboration with ISRO is paving the way for an end-to-end, self-reliant (atmanirbhar), and indigenous Public-Private Partnership to bring the benefits of geospatial mapping, earth observation, satellite data, analytics, and consumer-centric location-based services altogether.

“Using MapmyIndia’s Mappls portal or Mappls app, a common commuter can easily find route and navigation from Leh to Manali for example, and also see real-time data of, whether there’s snow cover and where the snow cover is, which is coming from earth observation data from ISRO,” Verma added.

He further stated that, through this collaboration with ISRO, users will be able to vegetation maps or heat maps, air quality maps, and other information on exact locations that are looked in by people or on routes of their interest.

C.E. Info Systems is currently trading at Rs1,325 down by Rs51.55 or 3.74% from its previous closing of Rs1,376.55 on the BSE. The scrip opened at Rs1,325 and has touched intraday high and low of Rs1,356 and Rs1,315.15 respectively.