ITI Limited Secures Rs 856.39 Crore Order from BSNL for 4G Network Expansion

ITI Limited Secures Rs 856.39 Crore Order from BSNL for 4G Network Expansion

ITI Limited Secures Rs 856.39 Crore Order from BSNL for 4G Network Expansion​

ITI Limited has secured a significant work order from Bharat Sanchar Nigam Limited (BSNL) to expand the 4G Mobile Network across West India. The project, valued at Rs 856.39 Crores, involves the planning, engineering, supply, installation, testing, and commissioning of the network on a turnkey basis for 7,613 sites in the West Zone.

The expansion is part of India's Atmanirbhar telecom initiative, which focuses on utilizing indigenous 4G telecom equipment to achieve self-reliance within the domestic market.

The company has established a strong track record with BSNL by successfully executing a prior turnkey project worth Rs 2,640 Crores for the provisioning of 4G mobile networks under Phase IX.2. That previous project covered RF planning, engineering, supply, installation, testing, commissioning, integration, and annual maintenance across 23,633 sites in the West Zone, including Maharashtra, Goa, Gujarat, Chhattisgarh, Madhya Pradesh, and Mumbai LSA.

The current contract includes saturation sites funded by DBN for the deployment of equipment at 7,613 locations.

ITI Limited is also actively involved in other large-scale infrastructure projects. The company is currently executing Bharatnet Phase III projects worth Rs 7,000 Crores for BSNL across several states, including Himachal Pradesh, West Bengal, Andaman & Nicobar, Arunachal Pradesh, Nagaland, and Manipur.

The financial and project details are summarized below:

Project CategoryOrder ValueScope / Region
4G Expansion Phase IX (Current)Rs 856.39 Crores7,613 sites in West Zone
Phase IX.2 (Previous Execution)Rs 2,640 Crores23,633 sites in West Zone
Bharatnet Phase IIIRs 7,000 CroresHimachal Pradesh, West Bengal, Andaman & Nicobar, Arunachal Pradesh, Nagaland, and Manipur

ITI Stock Price Movement​

Shares of ITI Limited are surging to ₹297.25 as of 12:26 PM today, up 4.48%. The stock has recorded a trading volume of 591,247 shares during the live session.
 

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