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ITI shines on bagging order worth Rs 300 crore for solar street light systems in Bihar

10 Sep 2024 Evaluate

ITI is currently trading at Rs. 297.15, up by 14.20 points or 5.02% from its previous closing of Rs. 282.95 on the BSE.

The scrip opened at Rs. 282.50 and has touched a high and low of Rs. 306.75 and Rs. 282.50 respectively. So far 102946 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. 124.50 on 11-Sep-2023.

Last one week high and low of the scrip stood at Rs. 306.75 and Rs. 279.00 respectively. The current market cap of the company is Rs. 28499.91 crore.

The promoters holding in the company stood at 90.00%, while Institutions and Non-Institutions held 7.99% and 2.01% respectively.

ITI has received an order worth around Rs 300 crore from Bihar Renewable Energy Development Authority (BREDA) for supply and installation of 1,00,000 numbers of Solar Street Light Systems to Bihar State Government. This is in addition to 80,000 solar street light systems the Company is currently executing in Bihar for BREDA.

ITI’s Naini Plant which has been manufacturing solar panels for the last six years has received an order for Supply & Installation of 1,00,000 numbers of Solar Street light Systems amounting to around Rs 300 crore under ‘Mukhyamantri Gramin Solar Street Light Yojana’. The districts covered in this Order are Gopalgunj, Siwan, Samastipur, Purnia, Araria, Gaya, Darbhanga, Patna, Katihar, and Khagaria.

The above-mentioned systems are to be installed under supervision of Bihar Renewable Energy Development Authority and the major Components of the Solar Streetlight Systems are Solar PV Module, Solar Batteries, LED Luminaries, Mounting Structures, and 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
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ITI 297.35
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