ITI Limited Wins Aaple Sarkar Seva Kendra Order worth Rs 167 Crs in Maharashtra

ITI Limited, Bengaluru, country's first PSU post-independence and premier telecom manufacturing company has won a large contract from the Rural Development Department, Govt. of Maharashtra to set up, operationalize, rollout and monitor the implementation of Aaple Sarkar Seva Kendra (ASSK) in Gram Panchayats (ASSK-GP ) of Chatrapathi Sambhaji Nagar Region, Nagpur Region, and Amaravati Region of Maharashtra. The contract also covers maintenance of systems for a period of one year. The project cost is approximately around Rs. 167 Crores which includes the cost of deployment of technical manpower at the ASSK-GP, and the entailing Project Management expenses.

Speaking on the new contract win, Mr. Rajesh Rai, Chairman and Managing Director, ITI Limited said - "We very pleased to bag this new order from Government of Maharashtra where we will be helping the government providing efficient citizen services through digital mean, thereby enabling holistic rural development of the state by strengthening the Panchayati Raj System.

Mr. Rai added - "Through e-govemance platforms like Aaple Sarkar Seva Kendras, citizens can be benefitted with the offering of services through the deployment of digital technologies thereby achieving transparency, efficiency, and accessibility in e-governance services. ITI will explore more such projects in other states where it can use its IT expertise in helping state governments deliver delightful citizen-centric services."

Shares of ITI Limited was last trading in BSE at Rs. 362.30 as compared to the previous close of Rs. 351.90. The total number of shares traded during the day was 44924 in over 1119 trades.

The stock hit an intraday high of Rs. 369.45 and intraday low of 341.05. The net turnover during the day was Rs. 16347852.00.

Source : Equity Bulls

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ITI INE248A01017 OrderWin