Infosys Foundation, the philanthropic arm of Infosys, today announced that it has signed a Memorandum of Understanding (MoU) with the Bangalore Metro Rail Corporation (BMRCL) towards the construction of a station at Konappana Agrahara, in Electronics City.

This station is under the second phase of Bangalore Metro's expansion plans and the Foundation has committed to maintaining this station for the next 30 years.

Sudha Murty, Infosys Foundation Chairperson, said, ''The metro is among the finest infrastructure projects our city is developing, and it is a boon to thousands of commuters in the city. Infosys Foundation is proud to contribute to this metro expansion program. Once operational, it will help further ease the traffic situation in Bengaluru and encourage office-goers to embrace public transportation.''

Shares of the company declined Rs 1.7, or 0.13%, to trade at Rs 1,320.70. The total volume of shares traded was 50,630 at the BSE (11.33 a.m., Thursday).