ITI Limited, India’s first public sector undertaking post-independence and a leading telecom manufacturer, has secured a significant order worth Rs. 300 crore from the Bihar Renewable Energy Development Authority (BREDA). The order entails the supply and installation of 100,000 solar street light systems under the “Mukhyamantri Gramin Solar Street Light Yojana” across multiple districts in Bihar, including Gopalgunj, Siwan, Samastipur, and Darbhanga.
This latest order builds on ITI Limited’s existing project of installing 80,000 solar street lights in Bihar, positioning the company as a reliable provider of solar energy solutions. ITI’s Naini plant, which has been manufacturing solar panels for six years, will handle the production and supply of the street light systems.
Stock Surge:
Following the announcement of this major contract, ITI Limited’s stock surged by 6.8%, reaching ₹302.30 as of 11:38 AM on the NSE. The market response reflects investor confidence in the company’s growing expertise in renewable energy projects and its expanding order book.
