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ITI soars on bagging order worth Rs 2,658 crore

28 Aug 2018 Evaluate

ITI is currently trading at Rs. 93.50, up by 3.15 points or 3.49% from its previous closing of Rs. 90.35 on the BSE.

The scrip opened at Rs. 92.55 and has touched a high and low of Rs. 96.10 and Rs. 91.20 respectively. So far 177117 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. 97.00 and Rs. 89.20 respectively. The current market cap of the company is Rs. 8252.40 crore.

The promoters holding in the company stood at 93.76%, while Institutions and Non-Institutions held 4.06% and 2.18% respectively.

ITI has received Letter of Intent (LoI) worth Rs 2,658 crore, for the selection as the Project Implementation Agency (PIA) for MahaNet-I (BharatNet Phase II) in Maharashtra for two packages, A and C, issued by Maharashtra Information Technology Corporation.

As per the order, ITI will be covering 18 districts, 110 talukas and 8695 Gram Panchayats. The works includes laying of Optical Fibre Cable (OFC underground and aerial) including site survey, planning, procurement, design, implementation network at talukas and GPs as well as Operations and Maintenance of the network. It also includes radio connectivity for Gram Panchayats that cannot be connected through fiber, implementation of horizontal connectivity to government premises, schools and PHCs. Around 38,000 kms fiber cable has to be laid, that includes underground and aerial fiber to connect Gram Panchayats with blocks, district centers and state headquarter.

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

291.80 -5.55 (-1.87%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tejas Networks 415.00
ITI 291.80
Sedemac Mechatronics 1634.05
Black Box 527.00
Quadrant Televenture 0.39
View more..

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