Introduction:
Leading PSU telecom manufacturer has secured a ₹167 crore contract from Maharashtra’s Rural Development Department. This project involves setting up, operationalizing, and monitoring Aaple Sarkar Seva Kendra (ASSK) in key regions to enhance government services at the grassroots level.
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Share price movement of ITI:
On January 22, 2025, ITI Limited opened at ₹366.20, unchanged from its previous close of ₹366.20. The stock reached a high of ₹366.20 and a low of ₹350.00. By 12:59 PM, it traded at ₹351.00, down 4.15%, with a market cap of ₹33,727.13 crore.
ITI Limited Secures ₹167 Cr Maharashtra Order:
ITI Limited, the first PSU telecom manufacturing company post-independence, has secured a major ₹167 crore contract from the Rural Development Department of Maharashtra. The order involves setting up, operationalizing, and monitoring Aaple Sarkar Seva Kendra (ASSK) across multiple regions.
The ASSK project will span Chatrapathi Sambhaji Nagar, Nagpur, and Amaravati regions, focusing on Gram Panchayats. ITI Limited will oversee the installation, operational rollout, and system monitoring for seamless service delivery, which is expected to enhance government services at the grassroots level.
The ₹167 crore order also includes the cost of deploying technical manpower and project management expenses. ITI will maintain the systems for one year, ensuring efficient operation and continual support, further strengthening its role in government initiatives.
Stock performance of ITI for Period of 1 week, 6 months and 1 year:
Over the past week, ITI Limited has seen a decline of 4.95%. However, its performance over the last six months has improved by 19%, and it has gained 10.7% over the past year, reflecting steady growth.
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Shareholding pattern of ITI:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 90% | 90% | 90% |
| FII | 0% | 0.00% | 0.10% |
| DII | 7.90% | 7.90% | 7.90% |
| Public | 2.00% | 2.00% | 2.00% |
About ITI:
ITI Limited (NSE: ITI) is a premier telecom PSU offering end-to-end solutions in telecom, defense, and railway sectors. With advanced manufacturing facilities and a focus on IoT, e-governance, and solar products, it provides diverse services across India.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
