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ITI shines on bagging Rs 1,612 crore BharatNet Phase II Tender of Gujarat

06 Jun 2018 Evaluate

ITI is currently trading at Rs. 79.35, up by 3.95 points or 5.24% from its previous closing of Rs. 75.40 on the BSE.

The scrip opened at Rs. 75.05 and has touched a high and low of Rs. 81.90 and Rs. 73.45 respectively. So far 222421 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 164.90 on 26-Oct-2017 and a 52 week low of Rs. 72.00 on 05-Jun-2018.

Last one week high and low of the scrip stood at Rs. 94.55 and Rs. 72.00 respectively. The current market cap of the company is Rs. 7131.15 crore.

The promoters holding in the company stood at 92.63%, while Institutions and Non-Institutions held 4.77% and 2.60% respectively.

ITI has bagged one of the two packages of BharatNet Phase II Tender of Gujarat issued by Gujarat Fiber Grid Network (GFGNL). As part of BharatNet Phase II project, GFGNL aims to connect nearly 7500 Gram Panchayats to Blocks through underground optical fiber and extend Broadband connectivity to all the Gram Panchayats using Gigabit Passive Optical Network (GPON) and other suitable electronic equipment.

ITI has won Package A of the tender with a bid value of Rs 1612 crore. The work includes supply of optical fiber, HDPE duct, trenching and laying of fiber, extending broadband from state headquarters through optical transport network equipment up to block level and extending from block to Gram Panchayats using Optical Line Terminals (OLT) and Optical Network Terminals (ONT). The Package A also includes setting up of Network Management System (NMS) at Ahmedabad to manage both Package A and Package B network elements, including fiber management, GIS, ERP etc. and connecting the NMS to the BBNL’s central NMS at Bangalore.

ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.

ITI Share Price

298.25 -5.55 (-1.83%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tejas Networks 410.90
ITI 298.25
Sedemac Mechatronics 1722.05
Black Box 550.30
Quadrant Televenture 0.41
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