The project involves a pipeline of 508 km, installation and billing for 49,000 water meters including 1339 kms laying of utility ducts apart from water pipe line, the company said in a regulatory filing.
"We hope this will act like a model project for other cities in Maharashtra and other parts of the country also," Jain Irrigation Joint Managing Director Atul Jain said.
The company said the Pune Municipal Corporation has drawn up an ambitious plan to provide on a 24X7 basis pressurized water supply to residents in its area and also has decided to implement 100 per cent smart metering covering every household of Pune city over the next five years.
Pune is the first large city in India which will execute a project of this nature on such a large scale, it added.