Shares of ITI speeds up on obtaining an advance purchase order from BSNL worth Rs 3889 crore

Shares of ITI speeds up on obtaining an advance purchase order from BSNL worth Rs 3889 crore

by 5paisa Research Team Last Updated: May 23, 2023 - 09:18 pm 108 Views

The company focuses on offering telephone communication services. 

ITI Ltd has received an Advance Purchase Order (APO) from BSNL worth Rs 3889 crore for its 4G rollout. A Reservation Quota (RQ) Order Advance Purchase Order has been issued by BSNL for the West Zone. 

The contract's total cost, including AMC for nine years, is Rs 3889 crore. The scope of work comprises planning, engineering, supply, installation, and commissioning as well as ongoing maintenance (AMC) of a 4G mobile network for 23,633 sites in the West Zone of the BSNL Network. The Consortium Partner is TCS, and the Supply Period is 18 to 24 months, with a 12-month warranty. The Purchase Order will be issued by BSNL Circles in the West Zone and is an APO for the complete scope of work. ITI will produce the Radio Access Network (RAN) following the contract. 

Share price movement of ITI Limited               

Today, the stock opened at Rs 110.51, with a high and low of Rs 113.55 and Rs 109.81. At the time of writing, the stock is trading at Rs 110.48, up by more than 4.30%. The stock has a 52-week high of Rs 129.50 and a 52-week low of Rs 81.      

Company profile          

ITI Limited offers a variety of related and ancillary services in addition to producing, trading, and servicing telecommunications equipment. The company's primary business is providing phone communication services. ITI has a dedicated Network System Unit for carrying out turnkey projects for the installation and commissioning of communications networks in addition to providing telecom turnkey solutions and customised support. 

With a strong focus on high-growth industry categories, the company plans to invest in and update its technology through the purchase of technology from strategic partners. The business runs a data centre in Bengaluru and is currently developing it to provide cloud-based services to banks, government agencies, and other organisations. 

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
How PFC F&O contracts will be adjusted for special dividend

In its Board Meeting held on 27th May 2023, the board of directors of Power Finance Corporation (PFC) Ltd has approved an Interim Dividend pay-out of ₹4.50/- per equity share of face value of ₹10/- each.

  • Jun 09, 2023
What you must know about Cell Point IPO

Cell Point (India) Ltd is one of the largest retail outlets for mobile phones and other electronic accessories in South India.

  • Jun 09, 2023
Sahana Systems IPO GMP (Grey Market Premium)

Sahana Systems IPO worth ₹32.74 crore comprises entirely of a fresh issue of shares by the company. The price band has been fixed in the range of ₹132 to ₹135.

  • Jun 09, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number