ITI Limited Wins 4G Expansion Phase IX Order from BSNL Worth Rs. 856.39 Crores

ITI Limited, country's first PSU post-independence and premier telecom manufacturing company has recently received work order for expansion of 4G Mobile Network in West India from Bharat Sanchar Nigam Limited (BSNL) for total value of Rs 856.39 Crore. The scope of work includes Planning, Engineering, Supply, Installation, Testing and Commissioning of 4G Mobile Network on a turnkey basis for 7613 sites in the West Zone. As part of India's Atmanirbhar telecom initiative, BSNL is implementing the prestigious project of indigenous 4G telecom equipment to achieve selfreliance in the telecom segment to fulfil domestic market needs.

ITI Limited along with TCS as a consortium partner had successfully executed the turnkey project worth Rs 2640 Crores for provisioning 4G mobile network under Phase IX.2, for BSNL West Zone states that include Maharashtra, Goa, Gujarat, Chhattisgarh, Madhya Pradesh and Mumbai LSA. The project consisted of RF planning, engineering, supply, installation, testing, commissioning, integration and annual maintenance of the 4G mobile network at 23633 sites in the West Zone. On successful completion of this project, ITI Limited has now received a work order recently for expansion of 4G Mobile Network in BSNL West Zone including saturation sites (DBN funded) for supply, installation and commissioning of 7613 sites. The total value of the order amounts to Rs 856.39 Crores.

Speaking on the occasion, Mr. Rajesh Rai, Chairman and Managing Director, ITI Limited said - "It is a very proud moment for ITI Limited as our prestigious client BSNL continues to repose great trust in ITI Limited's execution capability by awarding work order to us. ITI Limited has steadfastly been executing and has proved to be an able ally in the country's Atmanirbhar telecom initiatives."

ITI Limited is currently executing Bharatnet Phase III projects worth Rs. 7000 Cr for BSNL in Himachal Pradesh, West Bengal, Andaman & Nicobar, Arunachal Pradesh, Nagaland, and Manipur states.

Shares of ITI Limited was last trading in BSE at Rs. 285.65 as compared to the previous close of Rs. 284.70. The total number of shares traded during the day was 185288 in over 3121 trades.

The stock hit an intraday high of Rs. 302.00 and intraday low of 280.55. The net turnover during the day was Rs. 53939548.00.

Source : Equity Bulls

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