ITI zooms on winning large contract from Government of Maharashtra
ITI is currently trading at Rs. 368.50, up by 16.60 points or 4.72% from its previous closing of Rs. 351.90 on the BSE.
The scrip opened at Rs. 351.50 and has touched a high and low of Rs. 368.50 and Rs. 341.05 respectively. So far 17514 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 592.85 on 07-Jan-2025 and a 52 week low of Rs. 210.20 on 25-Oct-2024.
Last one week high and low of the scrip stood at Rs. 390.00 and Rs. 341.05 respectively. The current market cap of the company is Rs. 34880.20 crore.
The promoters holding in the company stood at 90.00%, while Institutions and Non-Institutions held 8.01% and 2.00% respectively.
ITI has won a large contract from the Rural Development Department, Government of Maharashtra to set up, operationalize, rollout and monitor the implementation of Aaple Sarkar Seva Kendra (ASSK) in Gram Panchayats (ASSK-GP) of Chatrapathi Sambhaji Nagar Region, Nagpur Region, and Amaravati Region of Maharashtra. The contract also covers maintenance of systems for a period of one year. The project cost is around Rs 167 crore which includes the cost of deployment of technical manpower at the ASSK-GP, and the entailing Project Management expenses.
ITI, country’s premier telecom company and multi-unit central public sector undertaking, is a total solutions provider in telecommunications segment.
