ITI Share Price Hits 52-Wk High; Up 9%

On December 10, 2024, ITI Share Price (NSE: ITI) scaled a fresh 52-week high of ₹402.60 during early trade. At 10:00 AM on the NSE, the share price was trading 8.73% higher at ₹400.25. ITI has surged 28.46% in the last 5 days.

Strong Order Book with Key Contracts

In mid-November, ITI secured a contract valued at approximately ₹95 crore from the Directorate of Geology & Mining, Government of Uttarakhand.

The contract is for the Mining Digital Transformation & Surveillance System (MDTSS) project, where ITI will serve as the work agency.

The scope includes the development, implementation, and maintenance of the MDTSS across four districts—Dehradun, Haridwar, Udham Singh Nagar, and Nainital—covering 40 check gates.

Expansion in BharatNet Phase-3 Project

In November, ITI emerged as the lowest bidder for three packages of the BharatNet Phase-3 project, with a combined value of ₹4,559 crore.

The project, which spans across 16 packages in various states and union territories, was tendered by BSNL.

The project involves the design, supply, construction, installation, upgradation, operation, and maintenance of the Middle Mile Network on a Design, Build, Operate, and Maintain (DBOM) model.

About ITI Ltd

ITI Limited is a public sector undertaking in the telecommunications technology segment The company has a diverse suite of products including manufactured products like Gigabit Passive Optical Network (GPON), and Managed Leased Line Network (MLLN) products. Besides offering telecom turnkey solutions and customised support, ITI has a dedicated Network System Unit for executing turnkey projects for the installation and commissioning of telecommunication networks

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