ITI surges on bagging first Electronic Voting Machine order from SEC
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
ITI is currently trading at Rs. 308.15, up by 8.40 points or 2.80% from its previous closing of Rs. 299.75 on the BSE.
The scrip opened at Rs. 313.30 and has touched a high and low of Rs. 314.10 and Rs. 307.60 respectively. So far 86545 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 384.35 on 17-Jan-2024 and a 52 week low of Rs. 118.80 on 01-Sep-2023.
Last one week high and low of the scrip stood at Rs. 314.10 and Rs. 294.50 respectively. The current market cap of the company is Rs. 28802.59 crore.
The promoters holding in the company stood at 90.00%, while Institutions and Non-Institutions held 7.99% and 2.01% respectively.
ITI has bagged its first Electronic Voting Machine (EVM) order from the State Election Commission (SEC) of West Bengal for the supply of 500 sets of Electronic Voting Machines after the successful demonstration to the SEC at Kolkata.
The indigenous Multi Post EVM was designed and developed by ITI as per the specifications finalized by SEC/Technical Evaluation Committee, and was approved by standing committee of State Election Commissioners. This Multi Post EVMs can be used for conducting the local body elections at Gram Panchayats, Municipalities, Corporations, or at any institutions where democratic elections are needed. This EVM machine can also be used as a Single Post machine for meeting the requirements of Lok Sabha/Assembly elections.
The product will be manufactured at ITI’s factories complying to the technical specifications of Election Commission, and will be delivered on fasttrack basis adhering to the quality norms and as per the commitments given to West Bengal SEC.
ITI, country’s premier telecom company and multi-unit central public sector undertaking, is a total solutions provider in telecommunications segment.
