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ITI moves up on bagging LoIs worth Rs 37.5 crore for solar street light systems in Bihar

ITI Ltd. | Telecommunication - Equipment | Telecom | BSE: 523610 | NSE: ITI

17 May 2024 Evaluate

ITI is currently trading at Rs. 306.80, up by 1.95 points or 0.64% from its previous closing of Rs. 304.85 on the BSE.

The scrip opened at Rs. 307.55 and has touched a high and low of Rs. 311.00 and Rs. 304.40 respectively. So far 106804 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 384.35 on 17-Jan-2024 and a 52 week low of Rs. 102.75 on 19-May-2023.

Last one week high and low of the scrip stood at Rs. 323.05 and Rs. 270.45 respectively. The current market cap of the company is Rs. 29556.88 crore.

The promoters holding in the company stood at 90.00%, while Institutions and Non-Institutions held 8.03% and 1.97% respectively.

ITI has received letter of intents (LoIs) worth Rs 37.5 crore from Bihar Renewable Energy Development Authority (BREDA) for installation of Solar Street light Systems. Out of the total, the company’s Naini Unit has received LoI for Design, Supply, Installation, Testing, and Commissioning with Comprehensive Maintenance Contract (CMC for 5 years) including Remote Monitoring System (RMS) of 2800 numbers of Solar Streetlight Systems from DPRO Katihar amounting to Rs 8.58 crore under Mukhyamantri Gramin Solar Street Light Yojana.

The company’s Naini Unit has received another LoI for Design, Supply, Installation, Testing, and Commissioning with Comprehensive Maintenance Contract (CMC for 5 years) including RMS of 9440 numbers of Solar Street light Systems from DPRO Katihar amounting to Rs 28.94 crore under Mukhyamantri Gramin Solar Street Light Yojana.

The above-mentioned systems are to be installed under supervision of BREDA and the major Components of the Solar Street light Systems are Solar PV Module, Solar Batteries, LED Luminaries, Mounting Structures, Balance of System (BOS)

ITI, country’s premier telecom company and multi-unit central public sector undertaking, is a total solutions provider in telecommunications segment.

ITI Share Price

297.35 6.10 (2.09%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tejas Networks	424.80
ITI	297.35
Sedemac Mechatronics	1654.95
Black Box	540.30
Quadrant Televenture	0.38
View more..

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ITI moves up on bagging LoIs worth Rs 37.5 crore for solar street light systems in Bihar

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