Shares of ITI Limited surged 4% after the company officially commenced work on the State Network Operations Center (S-NOC) for the BharatNet Phase-III Project at Solan, Himachal Pradesh, in collaboration with BSNL. The S-NOC will serve as a centralized facility for monitoring and managing the performance, security, and availability of the project’s network infrastructure.
In November 2024, ITI Limited was declared the lowest bidder (L1) for BharatNet Phase-III Project in Himachal Pradesh (Package No. 8), West Bengal, and Andaman & Nicobar Islands (Package No. 9), with a combined order value of ₹5,050 crore. The project is being executed under the Design-Build-Operate-Maintain (DBOM) model and funded by the Universal Service Obligation Fund (USOF) of the Government of India.
Under this initiative, ITI will connect 3,615 gram panchayats to 91 block headquarters using 10 Gbps bandwidth, extending connectivity to over 15,000 villages across Himachal Pradesh. The infrastructure will integrate with the BSNL IP-MPLS Ring Network. The project also involves laying approximately 20,000 kilometers of optical fiber cable across the state.
The launch event was held at the BSNL Office in Solan and attended by ITI Limited CMD Rajesh Rai, BSNL CGM Anil Kumar Gupta, and other senior officials.
ITI Ltd shares opened at ₹241.00 today, hitting a high of ₹254.40 and a low of ₹237.50. The stock remains well below its 52-week high of ₹592.70, but above its 52-week low of ₹210.00.
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