ITI | Business Upturn

ITI shares rally sharply over 14% today; Details here

Aman Shukla — Mon, 16 Mar 2026 06:12:10 +0000

Shares of ITI Limited surged sharply in Monday’s trading session, rising 14% as strong buying interest pushed the stock close to its intraday high. The telecom equipment manufacturer witnessed heavy trading activity, with volumes crossing 3.23 crore shares by 11:35 AM IST, indicating strong market participation.

ITI share price performance today

As of 11:35 AM IST, ITI shares traded significantly higher compared to the previous close. The stock opened higher and continued its upward momentum throughout the morning session.

The key trading figures for the day are:

Open price: ₹243.05
Previous close: ₹242.30
Today’s low: ₹240.00
Today’s high: ₹276.40
52-week low: ₹234.04
52-week high: ₹372.85
Live trading volume: 3,23,07,950 shares

The stock moved from its intraday low of ₹240 to a high of ₹276.40, reflecting strong buying momentum and heightened market interest.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

ITI wins Rs 72.76 crore Ice-Hockey Rink project in Himachal Pradesh’s Spiti Valley

Aman Shukla — Tue, 30 Dec 2025 09:59:44 +0000

ITI Limited, the country’s first public sector undertaking established after Independence and a leading name in telecom manufacturing, has secured a major infrastructure project worth ₹72.76 crore in Himachal Pradesh. The company has received a work order from the Office of the Deputy Commissioner, Lahaul & Spiti, for the construction of a modern Ice-Hockey Rink at Kaza Soma in the Lahaul & Spiti district.

The project marks a significant step toward developing world-class sports infrastructure in one of India’s most remote and high-altitude regions. Situated at an elevation of nearly 12,000 feet, Kaza lies in the heart of the Spiti Valley, an area known for its extreme climatic conditions and growing potential for winter sports and adventure tourism.

Under the awarded contract, ITI Limited will build a full-fledged Ice-Hockey Rink designed to meet professional standards for both training and competitive events. The scope of work also includes the installation of a 500-kilowatt solar power backup system, ensuring uninterrupted operations in the challenging terrain. In addition, the project will feature advanced lighting systems, CCTV surveillance, and other essential accessories to provide a safe and spectator-friendly environment.

ITI shares rally sharply over 12% today; Details here

Aman Shukla — Wed, 08 Oct 2025 04:10:06 +0000

ITI Limited (ITI) shares witnessed a sharp rally of over 12% in early morning trading today, reflecting strong investor sentiment. The stock opened at ₹340 and touched a high of ₹364.95, compared to the previous close of ₹324.15.

The stock has shown significant movement within its 52-week range, currently trading well above its 52-week low of ₹210, though still below the 52-week high of ₹592.70. As of 10.09 AM, trading volume stood at 1,51,97,244 shares, highlighting robust market activity.

ITI shares were up 12.20% at ₹363.70 apiece around 10.09 am. It has declined 7.03% this year, so far.

Investors are keeping a close eye on ITI’s performance, as the stock continues to show volatility and potential upside amid favorable market conditions.

ITI receives appreciation from ISRO for its contribution to NISAR satellite launch

Aman Shukla — Mon, 18 Aug 2025 05:47:39 +0000

ITI Limited, India’s first public sector undertaking established after independence and a premier telecom manufacturing company, has been lauded by the Indian Space Research Organisation (ISRO) for its role in the successful launch of the NISAR satellite. The satellite was launched aboard GSLV-F16 on July 30, 2025, from the Satish Dhawan Space Centre in Sriharikota.

The NISAR (NASA-ISRO Synthetic Aperture Radar) mission, a joint initiative between NASA and ISRO, marks the world’s first major Earth-observing satellite collaboration between the two agencies. The advanced satellite, weighing 2,393 kg, was placed precisely into its intended orbit by GSLV-F16, a key achievement for India’s space program.

ITI Limited, Palakkad, played a crucial role in this milestone by fabricating 28 avionics packages and 18 HMSA (Head-end Mounted Safe Arm) packages, which were successfully integrated into the NISAR satellite. These systems were delivered in a time-bound manner while adhering to stringent Vikram Sarabhai Space Centre (VSSC) quality standards. ISRO has acknowledged ITI’s consistent support in avionics realization for such high-profile missions.

The NISAR satellite carries dual-band radar, making it one of the most advanced Earth-observation satellites ever developed. With an estimated mission cost of USD 1.5 billion, it is set to be the most expensive Earth-imaging satellite in the world. NISAR’s primary objective is to monitor subtle changes in the Earth’s surface, offering high-resolution data critical for understanding ecosystems, climate change, agricultural trends, natural disasters, and more.

This successful collaboration between NASA and ISRO not only strengthens India’s position in global space research but also highlights the importance of domestic industry partners like ITI Limited in realizing cutting-edge space technology.

ITI shares surge 4% as company launches AI-driven traffic safety pilot in Uttar Pradesh

Aman Shukla — Wed, 06 Aug 2025 04:00:29 +0000

Shares of ITI Limited jumped 4% in early trade after the state-owned telecom and electronics manufacturer announced a significant tech initiative aimed at improving road safety through Artificial Intelligence (AI) and Big Data Analytics. As of 9:29 AM, the shares were trading 4.73% higher at Rs 303.30.

In collaboration with tech partner mLogica, ITI is set to kick off a six-week pilot project in Uttar Pradesh, backed by the Union Ministry of Road Transport and Highways (MoRTH). The project will focus on developing an advanced analytics platform capable of processing real-time data from various sources—traffic flow, weather conditions, vehicle performance, driver behavior, and accident records.

The core objective of this pilot is to identify accident-prone zones, analyze root causes of road mishaps, and offer predictive insights to authorities. These insights are expected to help formulate preventive strategies and improve traffic enforcement mechanisms across the state.

Beyond road safety, the platform is being built to support future expansions into areas like AI-based e-licensing, digital challan processing, and seamless integration with Vahan and Sarathi registries—key components of India’s transport digitization push.

ITI’s strong presence in the e-governance space strengthens the credibility of this initiative. The company is already managing projects like Maharashtra’s Aaple Sarkar Seva Kendra, and has recently bagged contracts worth around ₹88 crore for GIS-based land and surveillance solutions in Odisha and Chhattisgarh.

ITI to launch India’s first AI-driven road safety pilot in Uttar Pradesh

Aman Shukla — Tue, 05 Aug 2025 10:16:46 +0000

ITI Limited, India’s first PSU established after independence and a leading telecom manufacturing firm, is set to roll out a cutting-edge pilot project in Uttar Pradesh, integrating Artificial Intelligence (AI) and Big Data Analytics to tackle road accidents and improve traffic enforcement.

Partnering with technology company mLogica, this initiative will build an advanced analytics platform capable of gathering and processing real-time data from multiple sources like traffic movement, environmental conditions, driver records, vehicle performance, and detailed accident history.

The aim is to develop scalable AI models that can pinpoint accident black spots, uncover the underlying causes of road mishaps, and offer predictive insights to help authorities implement preventive strategies. Approved by the Union Ministry of Road Transport and Highways (MoRTH), the six-week prototype will act as a testbed to simulate various intervention models and track their real-time impact on public safety outcomes. The project also plans to support the UP government’s future implementation of AI in broader transport services such as e-licensing, challan processing, and the Vahan Sarathi registries.

With a proven track record in e-governance, ITI Limited is already handling initiatives like Maharashtra’s Aaple Sarkar Seva Kendra and has secured major contracts for surveillance and GIS-based land management systems in Odisha and Chhattisgarh worth nearly ₹88 crore.

ITI bag projects worth Rs 88 crore in Odisha and Chhattisgarh

Aman Shukla — Wed, 02 Jul 2025 07:30:19 +0000

ITI Limited, India’s first PSU set up after independence and a key name in telecom manufacturing, has secured multiple government contracts totaling around ₹88 crore in Odisha and Chhattisgarh.

In Odisha, the Cuttack Development Authority has awarded ITI a ₹54 crore project to install CCTV surveillance systems and traffic signal setups across the city. This includes not just hardware but also smart software solutions and maintenance for five years. Additionally, ITI has won a ₹23.05 crore contract to develop a Land Intelligence Management System using GIS and GPR technology to map properties and improve land data accuracy in Cuttack.

In Chhattisgarh, ITI bagged an ₹11.72 crore contract from the Chhattisgarh Infotech Promotion Society (CHiPS) to upgrade WLAN and LAN infrastructure at key government buildings in Nava Raipur.

With these wins, ITI continues to strengthen its role in supporting digital infrastructure and e-governance across Indian states. It is already implementing the Aaple Sarkar Seva Kendra project in Maharashtra and managing campus Wi-Fi and LAN for Sambalpur University in Odisha.

In the meantime, ITI Limited shares opened today at ₹331.00 and touched a high of ₹336.00 during the session. The stock hit a low of ₹323.25. Over the past 52 weeks, the share has seen a high of ₹592.70 and a low of ₹210.00.

ITI shares hit 5% upper circuit after signing Rs 1,901 crore BharatNet contract with BSNL

Aman Shukla — Mon, 30 Jun 2025 09:39:26 +0000

Shares of ITI Limited hit 5% upper circuit after the company clinched a big-ticket contract under the government’s ambitious BharatNet Phase-3 project.

The company has signed a ₹1,901 crore agreement with BSNL, which is acting on behalf of the Universal Service Obligation Fund (USOF). Under this deal, ITI will roll out telecom infrastructure in the North Eastern Region II—covering Arunachal Pradesh, Nagaland, and Manipur—as the official Project Implementing Agency.

Out of the total contract value, ₹1,168 crore will go towards capital expenditure, ₹700.84 crore will be used for operating the new network, and ₹32.21 crore is earmarked for maintaining the existing infrastructure.

This isn’t ITI’s only win under BharatNet Phase-3. The company had earlier bagged two more packages—one for Himachal Pradesh and another covering West Bengal and the Andaman & Nicobar Islands—worth a combined ₹5,055 crore. With the latest addition, ITI’s total order book under the project has now swelled to a whopping ₹6,956 crore.

ITI signs Rs 1,901 crore agreement with BSNL for NER-II Package-15 of BharatNet project

Aman Shukla — Mon, 30 Jun 2025 09:32:20 +0000

ITI Limited, India’s first public sector undertaking (PSU) established after independence and a leading telecom equipment manufacturer, has taken a major step forward in strengthening digital infrastructure in the country. The company recently signed an agreement with Bharat Sanchar Nigam Limited (BSNL), acting on behalf of the Universal Service Obligation Fund (USOF), to serve as the Project Implementing Agency (PIA) for Package-15 of the BharatNet Phase-3 Project.

Valued at ₹1,901 crore, this contract covers the North Eastern Region II (NERII) and includes key states such as Arunachal Pradesh, Nagaland, and Manipur. The financial breakup of the contract includes ₹1,168 crore allocated for capital expenditure (capex), ₹700.84 crore for operating expenditure (opex) related to the new network, and ₹32.21 crore earmarked for the maintenance of the existing network.

This isn’t the only recent win for ITI Limited under BharatNet Phase-3. The company has also signed agreements with BSNL for Package No. 8 covering Himachal Pradesh and Package No. 9 covering West Bengal along with the Andaman and Nicobar Islands. The combined value of these two packages stands at ₹5,055 crore. With the inclusion of Package-15, ITI Limited’s total project value under BharatNet Phase-3 has now reached an impressive ₹6,956 crore.

Back in November 2024, ITI Limited, in partnership with a consortium firm, had emerged as the lowest bidder (L1) for Package-15, reinforcing the company’s competitiveness and capability in handling large-scale telecom infrastructure projects.

BharatNet Phase-3 is a flagship project aimed at revolutionizing digital connectivity across India, especially in rural and remote regions. Divided into 16 packages covering all states and union territories, the project focuses on the creation, expansion, and maintenance of the Middle Mile Network. The entire initiative is being executed under the Design, Build, Operate, and Maintain (DBOM) model, with BSNL responsible for awarding the contracts to implementing partners.

ITI receives Rs 50 crore from C-DOT as part of Bengaluru land sale agreement

Aditya Bhagchandani — Fri, 02 May 2025 06:47:22 +0000

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.

ITI shares jump 4% as company commences Rs 5,050 crore BharatNet project in Himachal

Aman Shukla — Wed, 09 Apr 2025 05:21:03 +0000

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.

ITI kickstarts BharatNet Phase-III project in Himachal Pradesh with State Network Operations Center

Aditya Bhagchandani — Wed, 09 Apr 2025 05:17:46 +0000

ITI Limited, India’s premier telecom PSU, has initiated the establishment of a State Network Operations Center (S-NOC) in Solan, Himachal Pradesh as part of the BharatNet Phase-III Project, in coordination with BSNL. This marks a major milestone in India’s mission to expand rural digital connectivity under the Universal Service Obligation Fund (USOF).

The project will see ITI monitor and manage the performance, availability, and security of the BharatNet network infrastructure in the state, connecting 3,615 gram panchayats to 91 block headquarters via 10 Gbps bandwidth. These will link to BSNL’s IP-MPLS Ring Network, eventually extending high-speed broadband access to 15,538 villages. The initiative involves laying over 20,000 km of optical fiber cable (OFC) across Himachal Pradesh.

“This is a significant step towards digital empowerment of rural India. Despite Himachal’s geographical challenges, we are confident of completing this project on time and contributing to India’s digital revolution,” said Mr. Rajesh Rai, CMD of ITI Limited.

The project is part of a broader win by ITI Limited, which secured BharatNet Phase-III contracts worth Rs 5,050 crore across Himachal Pradesh (Package 8), West Bengal, and the Andaman & Nicobar Islands (Package 9).

The recent event in Solan was graced by top officials including Anil Kumar Gupta (CGM, BSNL), Rajeev Srivastava (Director – Finance, ITI), and Namita (GM, ITI), showcasing the collaborative approach between public sector entities to fast-track the government’s digital inclusion goals.

About ITI Limited

ITI Limited is India’s first PSU post-independence and a telecom equipment manufacturing leader. With advanced facilities in six locations and a dedicated R&D centre in Bengaluru, the company delivers telecom, defense, and smart infrastructure solutions. Its portfolio includes GPON, NGN, Wi-Fi, HDPE pipes, smart cards, encryptors, and LED systems, with turnkey execution capabilities across India.

ITI shares surge 5% as company receives Rs 100 crore from C-DoT for land transfer

Aman Shukla — Fri, 21 Feb 2025 03:47:22 +0000

ITI Limited’s stock gained 5% after the company secured an initial tranche of ₹100 crore from the Centre for Development of Telematics (C-DoT). This payment is part of the revised Asset Monetization and Resource Consolidation Drive (AMRCD) proceedings, under which ITI is transferring 22.258 acres of land in Electronic City, Bangalore to C-Do.

As per the revised AMRCD order, ITI Limited is selling the specified land parcel for a total consideration of ₹200 crore. The company has confirmed that the remaining amount will be received upon the completion of necessary statutory formalities. This milestone reinforces ITI’s commitment to asset monetization, a strategic move aimed at enhancing financial stability.

ITI Limited’s stock opened at ₹277.00, reaching a high of ₹282.65 and a low of ₹276.00 during the session. The stock’s 52-week high stands at ₹592.70, while the 52-week low is ₹210.00.

ITI receives Rs 100 crore as initial tranche from C-DoT for land transfer in Bangalore

Aditya Bhagchandani — Thu, 20 Feb 2025 12:19:53 +0000

ITI Limited has received an initial tranche of Rs. 100 crore from the Centre for Development of Telematics (C-DoT) as part of the revised Asset Monetization and Resource Consolidation Drive (AMRCD) proceedings. This payment is in accordance with the agreement to transfer 22.258 acres of land situated in Electronic City, Bangalore, to C-DoT.

As per the revised AMRCD order, ITI Limited is set to sell the specified land parcel to C-DoT for a total consideration of Rs. 200 crore. The company confirmed that the remaining balance will be received upon completion of statutory formalities.

This development marks a key milestone in ITI Limited’s ongoing asset monetization efforts. The company had previously communicated updates on the proceedings to stock exchanges, ensuring compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ITI Limited has assured stakeholders that further updates will be provided upon completion of the transaction. The company’s official website will also reflect the latest information regarding this deal.

Key Details:

Transaction: Land transfer between ITI Limited and C-DoT
Total Consideration: Rs. 200 crore
Initial Tranche Received: Rs. 100 crore (on February 19, 2025)
Remaining Balance: To be received post-statutory approvals
Location: 22.258 acres in Electronic City, Bangalore

ITI Limited remains focused on leveraging its assets effectively while maintaining transparency with investors and regulatory authorities.

ITI Q3 Results: Revenue surges over 4 times YoY to Rs 1034.54 crore, Net Loss narrows to Rs 48.88 Crore

Aditya Bhagchandani — Thu, 13 Feb 2025 09:57:54 +0000

ITI Limited has announced its financial results for the third quarter of FY25, posting a significant increase in revenue while continuing to report losses due to rising expenses.

The company’s revenue from operations surged to ₹1,034.54 crore, compared to ₹258.84 crore in Q3 FY24, marking a substantial 300% year-on-year (YoY) growth. However, despite this sharp increase, higher operational costs resulted in a net loss of ₹48.88 crore, an improvement from the ₹101.25 crore loss reported in Q3 FY24.

Key Financial Highlights (YoY Comparison):

Revenue from Operations: ₹1,034.54 crore vs ₹258.84 crore (↑300%)
Total Income: ₹1,054.70 crore vs ₹271.44 crore (↑288%)
Total Expenses: ₹1,121.82 crore vs ₹373.17 crore (↑200%)
Net Loss: ₹48.88 crore vs ₹101.25 crore (↓51.7%)
EBITDA: Loss of ₹67.12 crore vs ₹101.69 crore loss in Q3 FY24

For the nine-month period ending December 31, 2024, ITI reported a total revenue of ₹2,629.05 crore, compared to ₹697.59 crore in the same period last year. Despite strong revenue growth, the company’s cumulative net loss stood at ₹210.52 crore, down from ₹330.07 crore loss in the same period last year.

The significant revenue growth was driven by strong operational performance, but increased expenses in raw material costs and employee benefits weighed on the company’s profitability. ITI Limited continues to focus on cost optimization and expansion strategies to strengthen its financial position in upcoming quarters.

Disclaimer:

The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.

ITI secures major contract worth Rs 167 crore for Aaple Sarkar Seva Kendra in Maharashtra

Aman Shukla — Wed, 22 Jan 2025 06:13:09 +0000

ITI Limited, India’s first Public Sector Undertaking (PSU) post-independence and a leader in telecom manufacturing, has been awarded a significant contract by the Rural Development Department of Maharashtra.

The project involves setting up, operationalizing, and monitoring the Aaple Sarkar Seva Kendra (ASSK) in Gram Panchayats (ASSK-GP) across key regions, including Chatrapathi Sambhaji Nagar, Nagpur, and Amaravati.

With a total project value of Rs. 167 Crores, the contract spans the deployment of advanced technology systems and technical manpower across various Gram Panchayats. The initiative is designed to enhance governance and digital service delivery in rural areas of Maharashtra.

In the meantime, ITI shares opened today at ₹365.85, matching the day’s high, with a low of ₹350.00. Over the past 52 weeks, the stock has fluctuated between ₹210.00 and ₹592.70.

Top stocks to watch in trade today: BEL, Adani Energy, Anand Rathi, Zee Media, ITI, Angel One, United Spirits, Bajel Projects and more

Aditya Bhagchandani — Tue, 14 Jan 2025 02:49:27 +0000

Indian equity markets continued their downtrend on January 13, 2025, marking the fourth consecutive session of losses. The Sensex fell 1,048.90 points, or 1.36%, closing at 76,330.01, while the Nifty dropped by 345.55 points, or 1.47%, settling at 23,085.95.

Stocks to Watch Today – January 14, 2025:

BEL (Bharat Electronics Ltd.):
- Additional Orders: ₹561 crore worth of new orders since the last disclosure on December 23, 2024.
JSW Energy:
- Bid Success: Wins bid for the 3.6 GW KSK Mahanadi Thermal Power Plant under the Insolvency and Bankruptcy Code (IBC).
Adani Energy:
- Q3 Growth: Transmission network length up by 30%, and power transformation capacity up by 54% YoY.
Anand Rathi:
- Revise Guidance: Raises FY25 revenue and PAT guidance, and board approves 1:1 bonus issue.
Piramal Enterprises:
- Possible Transaction: May receive up to $200 million from the divested arm, Piramal Imaging SA.
Himadri Specialty Chemicals:
- Q3 Performance: Margins up by 290 bps, with EBITDA rising 27% YoY.
Bajel Projects:
- New Contract: Bags supply of goods and services contract from Adani Energy for two transmission lines.
Zee Media:
- Capital Raise: To raise up to ₹400 crore, and increase FPIs & FIIs shareholding limits to 49%.
ITI Ltd.:
- New Orders: Bags orders worth ₹64 crore for Wi-Fi, LAN, and CCTV installations.

HCL Technologies (HCLTech):
- Q3 Performance: Constant currency revenue growth below estimates; FY25 revenue guidance revised higher but remains on the lower end.
Delta Corp:
- Weak Performance: Reports weak performance in a traditionally strong quarter; EBITDA down 42% YoY.
United Spirits (USL):
- Leadership Change: Hina Nagarajan to step down as MD & CEO, with Praveen Someshwar set to take over.
Angel One:
- Q3 Results: Reports a 507 bps decline in margin, with EBITDA down 26% QoQ.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

ITI secures Rs 64 crore contracts for Wi-Fi & LAN and Security Systems

Aman Shukla — Mon, 13 Jan 2025 10:33:54 +0000

TI Limited, India’s first PSU post-independence and a leading telecom manufacturing company, has made strides into security systems and ICT domains with two major project wins totaling ₹64 crores.

Campus Wi-Fi & LAN at Sambalpur University
ITI Limited has bagged a ₹35 crore contract from Sambalpur University, Odisha, to establish campus-wide Wi-Fi and LAN across 80 locations. The project aims to provide seamless internet and intranet connectivity, ensuring a modernized campus network. The scope includes supply, installation, commissioning, and a three-year maintenance plan. ITI will also integrate secure wireless controllers with features like user authentication and access control to enhance security.

Integrated Security System for Central Railways
Another ₹29.14 crore contract from Central Railways involves installing an IP-based video surveillance system at six major railway stations in Mumbai: Chhatrapati Shivaji Maharaj Terminus, Dadar, Kurla, Lokmanya Tilak Terminus, Thane, and Kalyan. The project will deploy over 1,400 cameras to bolster passenger safety. ITI’s scope covers supply, installation, testing, and commissioning, followed by a five-year AMC post a three-year warranty. The 12-month project completion timeline ensures swift deployment for enhanced rail security.

ITI shares jump 58% in past one month; Check details

Aman Shukla — Sat, 04 Jan 2025 05:24:33 +0000

The shares of ITI have shown remarkable growth in the last month, surging by an impressive 58%. On January 3, 2025, the stock price touched a high of ₹457.10, marking a 19.99% jump in a single day.

ITI Stock Performance (Last 30 Days)

The table below shows the performance of ITI’s stock (as per Investing) over the last 30 days.

Date	Open	High	Low	Change %
Jan 03, 2025	₹385.50	₹457.10	₹457.10	+19.99%
Jan 02, 2025	₹384.75	₹394.20	₹375.05	-0.21%
Jan 01, 2025	₹390.00	₹402.50	₹377.50	-1.39%
Dec 31, 2024	₹378.55	₹413.85	₹371.20	+2.10%
Dec 30, 2024	₹327.70	₹389.00	₹325.70	+15.54%
Dec 27, 2024	₹331.00	₹337.30	₹325.80	-1.72%
Dec 26, 2024	₹342.95	₹342.95	₹330.70	-2.85%
Dec 24, 2024	₹340.90	₹349.70	₹332.90	+0.78%
Dec 23, 2024	₹345.05	₹347.95	₹333.10	-0.16%
Dec 20, 2024	₹360.70	₹363.85	₹334.20	-4.42%
Dec 19, 2024	₹360.00	₹365.40	₹353.55	-1.31%
Dec 18, 2024	₹367.55	₹382.90	₹355.50	-1.00%
Dec 17, 2024	₹374.30	₹377.90	₹363.00	-1.92%
Dec 16, 2024	₹360.00	₹387.35	₹359.50	+3.99%
Dec 13, 2024	₹365.00	₹369.10	₹352.50	-1.85%
Dec 12, 2024	₹356.25	₹379.20	₹346.00	+1.16%
Dec 11, 2024	₹379.45	₹379.70	₹357.35	-7.35%
Dec 10, 2024	₹385.00	₹404.00	₹379.25	+5.92%
Dec 09, 2024	₹324.00	₹376.65	₹323.00	+14.60%
Dec 06, 2024	₹286.00	₹340.10	₹285.05	+13.30%
Dec 05, 2024	₹289.30	₹291.00	₹282.10	-2.00%
Dec 04, 2024	₹287.25	₹294.80	₹286.15	+0.64%

A Look at ITI’s 52-Week Range

Over the past year, ITI’s stock has shown significant price fluctuations. The highest point during this period was ₹457.10, which is the same price reached on January 3, 2025. The 52-week low stands at ₹210.00.

ITI shares surge 10% to hit all-time high

Aditya Bhagchandani — Tue, 10 Dec 2024 04:24:54 +0000

Shares of ITI Limited, a pioneer in India’s telecommunications and technology sector, surged by 10% during today’s trading session, reaching an all-time high of ₹401.80 on the NSE. The rally comes amidst significant investor interest driven by positive market sentiment and growth optimism surrounding the company’s future prospects.

The stock’s exceptional performance highlights its robust momentum. Over the past week, ITI shares have gained an impressive 39.20%, reflecting heightened investor confidence. In the past month, the stock has surged by 45.96%, showcasing its strong growth potential. So far in 2024, ITI shares have advanced by 30.91%, marking a steady year-to-date performance. Over a five-year period, the stock has skyrocketed by 374.88%, demonstrating its long-term growth trajectory and resilience.

ITI Share Price history

Day	Open	Close	Change %
Mon, Dec 9 2024	₹324.00	₹368.10	+14.60%
Fri, Dec 6 2024	₹286.00	₹321.20	+13.30%
Thu, Dec 5 2024	₹289.30	₹283.50	-2.00%
Wed, Dec 4 2024	₹287.25	₹289.30	+0.64%
Tue, Dec 3 2024	₹286.80	₹287.45	+0.31%
Mon, Dec 2 2024	₹284.00	₹286.55	-0.03%
Fri, Nov 29 2024	₹296.00	₹286.63	-3.06%
Thu, Nov 28 2024	₹275.74	₹295.67	+7.28%

ITI shares surge over 10% on heavy volumes – Stock up nearly 30% in 1 month

Aditya Bhagchandani — Mon, 09 Dec 2024 06:16:20 +0000

Shares of Indian Telephone Industries Ltd (ITI) surged by over 10% to Rs 353.65 on December 9, following significant investor interest and soaring volumes. The stock witnessed a surge in trading activity, with over 4 crore shares changing hands during the early hours of trade, bringing the total traded volume to 12 crore shares over the last two sessions. This was notably higher than the one-month and one-week average of 2 crore shares.

The gains came after the company received a Rs 95 crore contract from the Directorate of Geology & Mining, Uttarakhand, for the Mining Digital Transformation & Surveillance System (MDTSS) project. ITI is responsible for the development, implementation, and maintenance of the MDTSS across four districts of Uttarakhand.

Additionally, ITI emerged as the lowest bidder for three packages of the BharatNet Phase 3 project, valued at Rs 4,559 crore. The BharatNet Phase 3 project is a major initiative, involving the design, supply, construction, installation, upgradation, and maintenance of the middle mile network under BSNL’s DBOM model.

As of today, the stock was up by 10.18%.

ITI shares surge 23% in past one month – Check details

Aman Shukla — Wed, 20 Nov 2024 06:45:26 +0000

ITI Ltd. (Indian Telephone Industries) shares have surged over 23% in the past month, showcasing significant growth in investor sentiment and market confidence. On November 19, 2024, the stock closed at ₹289.80, with notable trading action across various price levels. Let’s explore the recent performance of ITI and take a closer look at the stock’s movements over the last 30 days.

November 19, 2024: ITI Stock Performance Details

Closing Price: ₹289.80
Opening Price: ₹298.00
Day’s High: ₹301.80
Day’s Low: ₹287.65

Stock Performance Overview for the Last 30 Days

Over the last month, ITI shares have shown strong performance, gaining a robust 23%, with several fluctuations along the way.

Date	Price	Open	High	Low	Change %
Nov 19, 2024	₹292.18	₹298.00	₹301.80	₹287.65	+0.27%
Nov 18, 2024	₹291.40	₹298.80	₹309.80	₹280.01	-0.04%
Nov 14, 2024	₹291.52	₹299.84	₹311.75	₹276.37	-0.30%
Nov 13, 2024	₹292.39	₹298.01	₹324.53	₹285.00	-0.89%
Nov 12, 2024	₹295.03	₹327.35	₹344.64	₹294.61	-9.87%
Nov 11, 2024	₹327.35	₹299.64	₹344.50	₹293.38	+7.60%
Nov 08, 2024	₹304.24	₹273.95	₹317.00	₹273.00	+14.17%
Nov 07, 2024	₹266.49	₹235.50	₹276.70	₹235.50	+14.86%
Nov 06, 2024	₹232.01	₹224.80	₹233.75	₹224.40	+3.62%
Nov 05, 2024	₹223.91	₹221.85	₹226.95	₹220.25	+1.23%
Nov 04, 2024	₹221.19	₹227.00	₹227.00	₹220.15	-2.94%
Nov 01, 2024	₹227.88	₹226.00	₹228.80	₹226.00	+0.65%
Oct 31, 2024	₹226.40	₹226.55	₹228.90	₹223.80	-0.98%
Oct 30, 2024	₹228.65	₹216.65	₹237.40	₹216.20	+5.17%
Oct 29, 2024	₹217.40	₹216.50	₹220.50	₹214.80	-0.41%
Oct 28, 2024	₹218.30	₹212.45	₹220.00	₹210.35	+3.19%
Oct 25, 2024	₹211.55	₹222.80	₹222.80	₹210.00	-4.21%
Oct 24, 2024	₹220.85	₹223.55	₹226.50	₹220.15	-1.65%
Oct 23, 2024	₹224.55	₹220.60	₹229.50	₹214.15	+1.79%
Oct 22, 2024	₹220.60	₹234.60	₹235.60	₹219.00	-5.71%
Oct 21, 2024	₹233.95	₹242.00	₹252.40	₹232.95	-2.54%

ITI shares jump nearly 2% as company secures Rs 95 crore contract for mining surveillance system

Aditya Bhagchandani — Tue, 19 Nov 2024 04:24:46 +0000

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.

Stocks to Watch Today: GMR Airports, Colgate, Zee, ITI, Gulf Oil, Waaree Energies and more

Aditya Bhagchandani — Tue, 19 Nov 2024 03:20:47 +0000

Nifty IT Index: Led the losses, declining by over 2%, weighed down by weakness in major IT stocks.

Energy and Healthcare Sectors: Fell nearly 1% each, reflecting subdued sentiment across these segments.

Top Gainers:

- Nifty Metals Index: Emerged as the top-performing sector, gaining up to 2% before paring some of the gains.
- Nifty Auto, FMCG, and Bank Indices: Posted modest gains of 0.3%-0.7%, signaling resilience in these sectors despite broader market volatility.

Stocks to watch –

GMR Airports:
October passenger traffic and aircraft movements increased by 9% YoY, signaling robust recovery in travel demand.
Colgate Palmolive:
Launched an AI-powered dental screening program, leveraging technology to enhance oral healthcare solutions.
Zee Entertainment:
Punit Goenka steps down as MD to focus on operational responsibilities as CEO, aligning with a strategic leadership transition.
Shilpa Medicare:
Its arm received a Certificate of Suitability from the EU regulator for Octreotide API, boosting its global market presence.
ITI Limited:
Secured a ₹95 crore contract from the Geology and Mining Department, Uttarakhand.
PG Electroplast:
Signed an agreement to become an EV manufacturing partner for Africa’s Spiro Mobility, expanding its global footprint.
AstraZeneca:
Gained import and marketing approval from DCGI for its COPD drug, Breztri Aerosphere, enhancing its respiratory care portfolio.
Gulf Oil:
ICRA upgraded its long-term cash credit limit rating to AA+ from AA, reflecting improved creditworthiness.
MedPlus Health Services:
Premji Invest and SBI Mutual Fund offload 6.6% equity via block deals. Buyers include Morgan Stanley Asia and Kotak MF.
Waaree Energies:
Posted a muted Q2 performance, with profit aided primarily by other income rather than operational growth.

ITI Q2 FY25: Revenue jumps 312% to Rs 1016.20 crore, Net Loss narrows down to Rs 70.33 crore

Aditya Bhagchandani — Thu, 14 Nov 2024 10:01:20 +0000

ITI Limited has reported its unaudited financial results for the second quarter of FY25, reflecting a substantial increase in revenue but continued losses.

Key Financial Highlights for Q2 FY25:

Revenue from Operations: ITI Limited recorded revenue from operations of ₹1,016.2 crore in Q2 FY25, a significant increase from ₹246.47 crore in Q2 FY24 and also up from ₹519.98 crore in Q1 FY25.
Total Income: Including other income, total income for Q2 FY25 reached ₹1,030.87 crore, up from ₹256.08 crore in the same quarter last year, showing strong year-over-year growth.
Loss Before Tax (LBT): The company’s loss before tax for Q2 FY25 stood at ₹70.33 crore, compared to a loss of ₹126.64 crore in Q2 FY24, marking a slight reduction in losses.
Net Loss: ITI Limited reported a net loss of ₹70.33 crore for Q2 FY25, compared to a net loss of ₹126.64 crore in Q2 FY24, reflecting a marginal improvement in profitability.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Neither the author nor Business Upturn is liable for any losses arising from the use of this information.

ITI emerges as lowest bidder for BharatNet Phase-3 projects worth Rs 4,559 crores

Aman Shukla — Sun, 10 Nov 2024 12:14:11 +0000

ITI Limited, India’s pioneering public sector telecom manufacturer, has emerged as the Lowest Bidder (L1) for three major packages in the BharatNet Phase-3 Project, aimed at strengthening rural broadband connectivity across multiple states.

The company, in partnership with a consortium, won Package No. 15 for Arunachal Pradesh, Nagaland, and Manipur with an order worth ₹1,537 crores. Additionally, ITI Limited emerged as the L1 bidder for Package No. 8 in Himachal Pradesh and Package No. 9 for West Bengal, Andaman, and Nicobar Islands with an order value totaling ₹3,022 crores. Combined, these wins bring ITI Limited’s order value in BharatNet Phase-3 to a significant ₹4,559 crores.

The BharatNet Phase-3 Project is split into 16 Packages that cover all states and union territories. Tenders were invited by BSNL for the Design, Supply, Construction, Installation, Upgradation, Operation and Maintenance of the BharatNet Phase-3 Project’s Middle Mile Network on a Design Build Operate and Maintain (DBOM) model.

ITI shares surge 3% after securing Rs 3,022 crore BharatNet project contract

Aman Shukla — Fri, 08 Nov 2024 03:46:21 +0000

ITI Limited shares jumped over 3% in the morning trade following the announcement of a major win in the BharatNet Phase-3 Project.

Partnering with a consortium, ITI emerged as the lowest bidder for two key packages (No. 8 and No. 9) covering Himachal Pradesh, West Bengal, and the Andaman & Nicobar Islands. The contracts, worth Rs 3,022 crore, represent a significant step forward in India’s digital inclusion efforts.

The BharatNet initiative, driven by the Department of Telecommunications (DoT) and funded by the Universal Service Obligation Fund (USOF), aims to extend high-speed broadband infrastructure to rural India. With BSNL implementing the middle-mile network, BharatNet Phase-3 will deliver 100 Mbps internet to nearly 640,000 villages, bridging the rural-urban digital divide.

As of 9:16 am, ITI shares were trading 3.67% higher at Rs 276.28 on the NSE.

ITI-led consortium secures Rs 3022 crore BharatNet project for middle mile network

Aman Shukla — Thu, 07 Nov 2024 14:52:28 +0000

ITI Limited, India’s first public sector telecom company post-independence, has achieved a significant milestone in the BharatNet Phase-3 Project, emerging as the L1 bidder for packages in Himachal Pradesh, West Bengal and the Andaman & Nicobar Islands. In partnership with a consortium, ITI Limited secured contracts for Package No. 8 and Package No. 9 with a total value of Rs. 3022 crore.

The BharatNet Phase-3 Project, a government initiative funded by the Universal Service Obligation Fund (USOF) under the Department of Telecommunications (DoT), aims to bridge India’s digital divide.

Through this initiative, BSNL is implementing middle-mile infrastructure for high-speed internet across 640,000 villages, Gram Panchayats and Blocks. By delivering broadband at 100 Mbps, BharatNet will enable rural communities to access essential online services, ensuring equitable digital access for all.

ITI share price surges 10% amid strong trading volumes

Aman Shukla — Thu, 07 Nov 2024 05:12:08 +0000

ITI shares jumped more than 10% in morning trade after a surge in trading volumes. The shares opened at ₹235.50 and reached a high of ₹258.70, maintaining a steady level with a low of ₹235.50 for the day.

With a 52-week high of ₹384.30 and a 52-week low of ₹210.00, ITI shares have shown significant volatility, offering both opportunities and risks to investors.

Investors should keep an eye on the company’s performance trends and market conditions to make informed investment decisions.

As of 10:41 am, ITI shares were trading 10.62% higher at Rs 256.65 on the NSE.

ITI wins order worth Rs. 300 crore for solar street light systems in Bihar

Aman Shukla — Tue, 10 Sep 2024 06:13:44 +0000

ITI Limited has recently informed exchanges that the company got an order worth approximately Rs. 300 crores from the Bihar Renewable Energy Development Authority (BREDA) for the supply and installation of 1,00,000 Solar Street Light Systems for the Bihar State Government. This is on top of the 80,000 solar street light installations that the company is presently installing in Bihar for BREDA.

In the exchange filing, the company shared, “ITI Limited’s Naini Plant which has been manufacturing solar panels for the last six years has received an order for Supply & Installation of 1,00,000 numbers of Solar Street light Systems amounting to around Rs. 300 Cr under “Mukhyamantri Gramin Solar Street Light Yojana”. The districts covered in this Order are Gopalgunj, Siwan, Samastipur, Purnia, Araria, Gaya, Darbhanga, Patna, Katihar, and Khagaria.”

The Bihar Renewable Energy Development Authority (BREDA) will supervise the installation of the systems. The major parts of solar streetlight systems are solar PV modules, solar batteries, LED luminaries, mounting structures and balance of system (BOS).

ITI Limited stock surges 7% after securing Rs. 300 Crore order for solar street lights in Bihar

News Desk — Tue, 10 Sep 2024 06:12:06 +0000

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.

ITI shares surge over 2% after getting order from State Election Commission of West Bengal

Aman Shukla — Fri, 30 Aug 2024 04:08:49 +0000

ITI shares surged more than 2% to Rs 308.45 in early trading on August 29 after the company received an order from the State Election Commission of West Bengal.

ITI has received its first Electronic Voting Machine (EVM) order from the State Election Commission (SEC) of West Bengal for the supply of 500 sets of EVMs following a successful demonstration to the SEC at Kolkata.

ITI designed and developed the indigenous Multi Post EVM as per the requirements finalized by the SEC/Technical Evaluation Committee, which was authorized by the standing committee of State Election Commissioners. This Multi Post EVMs can be used to hold local body elections at Gram Panchayats, Municipalities, Corporations and other organizations where democratic elections are required.

As of 12:52 pm, ITI shares were trading 2.29% higher at Rs 306.55 on the NSE

Government owned ITI plan to sign a deal worth ₹ 7,796 crore

Pravin Suryawanshi — Fri, 11 Sep 2020 05:58:10 +0000

State-owned technology firm ITI Ltd said on Thursday it expects to sign a contract with the Ministry of Defence for a telecom network worth 7,796 crores soon.

In 2017, the company was declared the lowest bidder for Phase IV tendering of the Army Static Switched Contact Network (ASCON).

“ITI Limited was declared as LI in the ‘ASCON Phase IV Project’ in the year 2017. In this regard, the ASCON working group, Integrated HQ of MoD (Army), has communicated to the Company vide its letter…dated 10th September 2020 that necessary approval for the project has been obtained and the contract is expected to be signed very shortly,” it said in a regulatory filing.

The project involves civil works, the company said in a statement, to provide the complete infrastructure
needed at various sites and optical fiber networks. It also includes telecom equipment procurement, installation, commissioning, and servicing such as IP / MPLS Routers, Microwave Radio, Satellite Terminals, NMS, Mobile Nodes, and Test Equipment.

“The value of the bid is approximately ₹7,796 crore (including taxes),” the filing said.

ASCON is the army’s telecom network backbone, implemented in phases along the borders. The network consists of a large number of voice and data switches interconnected with various media types like microwave radio, optical fiber equipment, and satellites.

ASCON Phase-IV will be a pan-India network spanning different terrains in the northern, north-eastern and western regions.