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11-Oct2018

ITI shines on receiving purchase order worth Rs 334 crore

ITI is currently trading at Rs. 80.65, up by 1.35 points or 1.70% from its previous closing of Rs. 79.30 on the BSE.

The scrip opened at Rs. 77.00 and has touched a high and low of Rs. 81.00 and Rs. 75.35 respectively. So far 182240 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 164.90 on 26-Oct-2017 and a 52 week low of Rs. 69.40 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 82.00 and Rs. 69.40 respectively. The current market cap of the company is Rs. 7225.34 crore.

The promoters holding in the company stood at 93.76%, while Institutions and Non-Institutions held 4.06% and 2.18% respectively.

ITI has received purchase order for executing the RajNet project from RajCOMP Info Services, a Government of Rajasthan Undertaking, for establishing around 40,000 outdoor Wi-Fi access points in the state of Rajasthan with an order value of around Rs 334 crore on rate contract basis. The project envisages supply, installation and maintenance of around 40,000 outdoor Wi-Fi access points along with associated RF Radio equipments in a period of six months followed by operation and maintenance of the network for a period of five years.

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.


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