ITI Limited, a leading telecom manufacturing company, saw its shares rise after announcing a ₹95 crore contract from the Directorate of Geology & Mining, Government of Uttarakhand. The project involves developing, implementing, and maintaining a Mining Digital Transformation & Surveillance System (MDTSS) aimed at curbing illegal mining and boosting government revenue.
As of 9:54 am the shares were trading 1.83% higher at ₹296.72 on NSE
Project Highlights:
- Purpose: To monitor and prevent illegal mining and mineral transportation.
- Scope: Establishing surveillance systems at 40 check gates in Dehradun, Haridwar, Nainital, and Udham Singh Nagar districts.
- Technologies: Deployment of advanced systems, including bullet cameras, RFID radars, and LED floodlights.
- Command Centers: A Mining State Control Centre (MSCC) in Dehradun and district-level command centers to oversee operations.
Recent Milestones:
Rajesh Rai, CMD of ITI Limited, emphasized the ecological and economic significance of the initiative, stating, “Illegal mining leads to severe environmental damage and revenue losses. This project underlines our commitment to sustainable development and governance.”
Additionally, ITI Limited recently emerged as the lowest bidder for packages in the BharatNet Phase-3 Project, worth ₹4,559 crore, covering Arunachal Pradesh, Nagaland, and Himachal Pradesh.
The dual achievements position ITI Limited as a key player in the government’s drive towards digital transformation and sustainable infrastructure.
