ITI Limited shares surged over 7% today, following a significant win in the BharatNet Phase-3 Project. The company, in partnership with a consortium, emerged as the lowest bidder for two major packages (Packages No. 8 and No. 9), covering Himachal Pradesh, West Bengal, and the Andaman & Nicobar Islands. The contracts, valued at ₹3,022 crore, mark a milestone in advancing India’s digital infrastructure and bridging the digital divide.
The BharatNet initiative, led by the Department of Telecommunications (DoT) and funded by the Universal Service Obligation Fund (USOF), is focused on expanding high-speed broadband connectivity to rural India. With BSNL as the implementing partner for the middle-mile network, BharatNet Phase-3 aims to provide 100 Mbps internet access to approximately 640,000 villages across the country, enhancing digital inclusion.
As of 9:54 am, ITI Limited shares were trading 7.09% higher at ₹285.39 on the NSE, reflecting investor optimism around the company’s growing role in India’s digital infrastructure projects.
