ITI zooms on bagging advance purchase order worth Rs 3889 crore from BSNL
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ITI is currently trading at Rs. 110.79, up by 4.89 points or 4.62% from its previous closing of Rs. 105.90 on the BSE.
The scrip opened at Rs. 110.51 and has touched a high and low of Rs. 113.55 and Rs. 109.81 respectively. So far 149012 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 129.50 on 21-Jul-2022 and a 52 week low of Rs. 81.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 113.55 and Rs. 102.75 respectively. The current market cap of the company is Rs. 10733.11 crore.
The promoters holding in the company stood at 90.17%, while Institutions and Non-Institutions held 7.79% and 2.03% respectively.
ITI has bagged an Advance Purchase Order (APO) from BSNL worth Rs 3889 crore for its 4G rollout. BSNL has issued an Advance Purchase Order for Reservation Quota (RQ) Order in the West Zone.
The scope of work includes Planning, Engineering, Supply, Installation & Commissioning, and AMC of 4G Mobile Network for 23,633 sites in West Zone of BSNL Network, and the total value of the contract is Rs 3889 crore including AMC for 9 Years. The Supply Period is 18-24 Months and Warranty is 12 Months with Consortium Partner being TCS. This is an APO for the entire scope of work and the Purchase Order will be issued by BSNL Circles in the West Zone. As part of the contract, ITI will manufacture the Radio Access Network (RAN).
ITI, country’s premier telecom company and multi-unit central public sector undertaking, is a total solutions provider in telecommunications segment.
