Shares of ITI Limited may remain in focus after the company informed exchanges that it has received a further tranche of ₹50 crore from the Centre for Development of Telematics (C-DOT) under a revised land sale agreement involving 22.258 acres of prime land located at Electronic City, Bengaluru.
In a regulatory filing dated May 2, 2025, ITI Limited stated that the company had earlier entered into a revised AMRCD (Alternative Mechanism for Resolution of Commercial Disputes) order with C-DOT for the sale of this land for a total consideration of ₹200 crore.
The company has now received ₹50 crore as part of this executed sale agreement. The balance amount is expected to be received upon completion of remaining statutory formalities, the company added.
The development is seen as a key financial inflow for the government-owned telecom firm, which has been undergoing restructuring and asset monetization efforts to boost its balance sheet.
