Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  ITI rises on emerging lowest bidder for 50 lakh smart meters auction by EESL

25-Oct2017

ITI rises on emerging lowest bidder for 50 lakh smart meters auction by EESL

ITI is currently trading at Rs. 153.15, up by 1.05 points or 0.69% from its previous closing of Rs. 152.10 on the BSE.

The scrip opened at Rs. 154.30 and has touched a high and low of Rs. 154.80 and Rs. 152.85 respectively. So far 21,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 163.20 on 11-Oct-2017 and a 52 week low of Rs. 27.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 156.80 and Rs. 143.00 respectively. The current market cap of the company is Rs. 7,334.00 crore.

The promoters holding in the company stood at 92.73%, while Institutions and Non-Institutions held 4.42% and 2.85% respectively.

ITI has emerged as the lowest bidder for 50 lakh smart meters quoting a rate of Rs 2,503 per unit, followed by Genus Power and KEONICS in a reverse auction by EESL. The total procurement cost of 50 lakh units has been reduced by Rs 132 crore due to reverse auction.

Earlier this month, L&T had quoted the lowest price for smart meters at Rs 2,722 per unit, which was 40-50 per cent lower than the current market price.

ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.



Related News

View all news

Reliance Industries slips despite reporting 10% rise in Q4 consolidated net profit

Reliance Industries is currently trading at Rs. 1356.35, down by 26.55 points or 1.92% from its previous closing of Rs. 1382.90 on the BSE.The scrip opened at Rs. 1364.00 and has touched a high and low......

Future Retail trades in green on the BSE

Future Retail is currently trading at Rs. 430.80, up by 0.75 points or 0.17% from its previous closing of Rs. 430.05 on the BSE.The scrip opened at Rs. 430.00 and has touched a high and low of Rs. 435.15......

GVK Power zooms with its arms inking pact with ADIA, NIIF

GVK Power & Infrastructure is currently trading at Rs. 7.98, up by 0.66 points or 9.02% from its previous closing of Rs. 7.32 on the BSE.The scrip opened at Rs. 7.74 and has touched a high and......

Top News

View all news

Bank of Baroda's board to consider issuance of equity shares of Rs 5,042 crore to Govt

Bank of Baroda's board is going to consider issuance of equity shares of Rs 5,042 crore to Government of India on a Preferential Basis. The meeting of the Board of Directors of the Bank is scheduled to......

Gujarat Petrosynthese to invest surplus funds in mutual funds, bonds, securities, shares

Gujarat Petrosynthese has received an approval to invest surplus funds in mutual funds, bonds, securities, shares, inter corporate deposits etc. to optimize its returns. The Board of Directors of the Company......

Reliance's Retail Unit delivers record-breaking performance in revenue, profits during FY19

Reliance Industries' Retail Unit--Reliance Retail has delivered a record-breaking performance in revenue and profits growth for the year 2018-19. Segment Revenue for FY19 grew by 88.7% Y-o-Y to Rs 130,566......