ITI clarifies on orders from BSNL

With reference to the news appearing in a leading portal titled "ITI Bags Rs 600-700 crore order from BSNL", ITI Ltd has clarified to BSE that the Company has an order from BSNL for 2 M GSM lines covering West Zone was clarified to the media by the CMD. However, the Company has not issued any official press release or handout on this issue.

Further the Company has informed that, under the aforesaid order the Company has so far received APOs amounting to Rs.618 Crores from BSNL for GSM Project West Zone. These APOs are in the process of conversion into firm order. So far the Company has received firm PO worth Rs 478.3 Crores.

Source : Equity Bulls

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