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ITI signs contract worth Rs 7,796 crore with Defense

03 Oct 2020 Evaluate

ITI and Ministry of Defense have signed contract worth Rs 7,796 crore for Phase IV Project of Army Static Switched Communication Network (ASCON) for deploying strategic network for secured communication across the country and subsequent maintenance for next 10 years. ASCON is the army’s telecom network spread across different terrains in the northern, north-eastern and western regions. The project is an IP MPLS based communication network with Microwave Radio, Satellite and Optical Fiber Network as media.

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.

Peers
Company Name CMP
Black Box 818.80
ITI 221.65
Tejas Networks 416.20
Quadrant Televenture 0.67
Valiant Communicatns 1635.45
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