ITI Limited bags Rs. 3889 Crores Advance Purchase Order from BSNL

Multi-technology public sector major ITI Limited has bagged an Advance Purchase Order (APO) from BSNL worth Rs. 3889 Crores for its 4G rollout. BSNL has issued an Advance Purchase Order (APO) for Reservation Quota (RQ) Order in the West Zone.

The scope of work includes Planning, Engineering, Supply, Installation & Commissioning, and AMC of 4G Mobile Network for 23,633 sites in West Zone of BSNL Network, and the total value of the contract is Rs. 3889 Cr including AMC for 9 Years. The Supply Period is 18-24 Months and Warranty is 12 Months with Consortium Partner being TCS. This is an APO for the entire scope of work and the Purchase Order will be issued by BSNL Circles in the West Zone. As part of the contract, ITI Limited will manufacture the Radio Access Network (RAN).

Speaking on this occasion, Mr. Rajesh Rai, Chairman and Managing Director of ITI Limited said, "We are delighted to receive this order from BSNL and we are thankful to the Ministry of Communication and BSNL for reposing great trust and faith in ITI's execution capability. This is a significant milestone for ITI as we are partnering with BSNL for connecting remote parts of our nation." Mr. Rajesh Rai further said - "In the past, ITI Limited has successfully deployed 2G & 3G GSM Networks (Nodes & RAN) for BSNL in West Zone as well as in South Zone. With great pride I say that ITI has supplied optical broadband connectivity equipment for BharatNet Phase I&II projects for BSNL, and equipment for more than 25 percent of BharatNet Network has been supplied by ITI Limited.

Mr. Rajesh Rai added - "I am confident that ITI will again successfully execute the project to the utmost satisfaction of BSNL".

Shares of ITI Limited was last trading in BSE at Rs. 105.90 as compared to the previous close of Rs. 104.57. The total number of shares traded during the day was 52274 in over 1010 trades.

The stock hit an intraday high of Rs. 109.00 and intraday low of 105.34. The net turnover during the day was Rs. 5585968.00.

Source : Equity Bulls

Keywords

ITI INE248A01017 TelecomEquipment OrderWin BSNL 4GRollout