ITI LTD.
NSE : ITIBSE : 523610ISIN
CODE : INE248A01017Industry : Telecommunication - EquipmentHouse
: PSU
BSE312.855.1 (+1.66 % )
PREV CLOSE (Rs.) 307.75
OPEN PRICE (Rs.) 310.50
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 33842
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE312.75 5.05 (+1.64 % )
PREV CLOSE(Rs.) 307.70
OPEN PRICE (Rs.) 310.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 597771
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 17-May-2024 | ITI moves up on bagging LoIs worth Rs 37.5 crore for solar street light systems in Bihar | <p style="text-align: justify;">ITI is currently trading at Rs. 306.80, up by 1.95 points or 0.64% from its previous closing of Rs. 304.85 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 307.55 and has touched a high and low of Rs. 311.00 and Rs. 304.40 respectively. So far 106804 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 384.35 on 17-Jan-2024 and a 52 week low of Rs. 102.75 on 19-May-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 323.05 and Rs. 270.45 respectively. The current market cap of the company is Rs. 29556.88 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 90.00%, while Institutions and Non-Institutions held 8.03% and 1.97% respectively.</p><p style="text-align: justify;">ITI has received letter of intents (LoIs) worth Rs 37.5 crore from Bihar Renewable Energy Development Authority (BREDA) for installation of Solar Street light Systems. Out of the total, the company's Naini Unit has received LoI for Design, Supply, Installation, Testing, and Commissioning with Comprehensive Maintenance Contract (CMC for 5 years) including Remote Monitoring System (RMS) of 2800 numbers of Solar Streetlight Systems from DPRO Katihar amounting to Rs 8.58 crore under Mukhyamantri Gramin Solar Street Light Yojana.</p><p style="text-align: justify;">The company's Naini Unit has received another LoI for Design, Supply, Installation, Testing, and Commissioning with Comprehensive Maintenance Contract (CMC for 5 years) including RMS of 9440 numbers of Solar Street light Systems from DPRO Katihar amounting to Rs 28.94 crore under Mukhyamantri Gramin Solar Street Light Yojana.</p><p style="text-align: justify;">The above-mentioned systems are to be installed under supervision of BREDA and the major Components of the Solar Street light Systems are Solar PV Module, Solar Batteries, LED Luminaries, Mounting Structures, Balance of System (BOS)</p><p style="text-align: justify;">ITI, country's premier telecom company and multi-unit central public sector undertaking, is a total solutions provider in telecommunications segment.</p> |
| 17-May-2024 | JK Paper, ITI and Vedanta to see some action today | <p style="text-align: justify;"><b>JK Paper</b> has received approval for acquisition of balance 15% equity shares of its subsidiary companies Horizon Packs (HPPL) and Securipax Packaging (SPPL). Post this acquisition, HPPL and SPPL will become wholly owned subsidiaries of the Company. The said acquisitions are in synergy with the growing packaging sector and corrugated packaging business of the company's subsidiaries. The Board of Directors of the company at its meeting held on May 16, 2024, has approved the same. </p><p style="text-align: justify;"><b>ITI </b>has received letter of intents (LoIs) worth Rs 37.5 crore from Bihar Renewable Energy Development Authority (BREDA) for installation of Solar Street light Systems. Out of the total, the company's Naini Unit has received LoI for Design, Supply, Installation, Testing, and Commissioning with Comprehensive Maintenance Contract (CMC for 5 years) including Remote Monitoring System (RMS) of 2800 numbers of Solar Streetlight Systems from DPRO Katihar amounting to Rs 8.58 crore under Mukhyamantri Gramin Solar Street Light Yojana.</p><p style="text-align: justify;"><b>Vedanta </b>has received approval for investment in Vedanta Copper International VCI Company (VCI) for setting up of Continuous Cast Copper Rod Plant -- in Kingdom of Saudi Arabia (KSA). VCI is in the process of establishing a state-of-the-art copper rod manufacturing facility with a projected capacity of 125 KTPA in KSA, which will enable the Company to explore more growth opportunities in new geographies. Post the investment, VCI shall become a direct wholly owned subsidiary of the Company.</p><p style="text-align: justify;"><b>Infosys </b>has entered into five-year strategic collaboration with Colt Technology Services (Colt) the digital infrastructure company. Through this engagement, enterprises will stand to benefit from Colt's award-winning SD WAN, SASE and Network-as-a-Service solutions combined with Infosys' market-leading expertise in digital transformation offerings. </p><p style="text-align: justify;"><b>Larsen & Toubro</b>'s (L&T) wholly-owned arm -- L&T Valves has set up a new manufacturing facility - L&T Valves Arabia Manufacturing LLC - in Saudi Arabia. The facility will catapult the manufacturing capability of the region, providing a unique opportunity to progressively address the growing requirements in the Middle East and Africa.</p><p style="text-align: justify;"><b>L&T Finance </b>is aiming at a 25-per cent compound annual growth rate (CAGR) over the next few years, with focus on consolidating its retail lending business. The financial services arm of Larsen & Toubro plans to completely exit the wholesale segment by 2026, transforming itself into a 100 per cent retail non-banking financial company (NBFC) from nearly 94 per cent at present. The company's new offering - 'Complete Home Loan' - signifies a fresh impetus to its mortgage business. The lender also expects this product to surpass microfinance in terms of book size in the near future.</p><p style="text-align: justify;"><b>Reliance Industries</b>' arm, Reliance Retail, has inked a pact with ASOS, a UK-based online fashion retailer, to boost its presence in India's retail market. This exclusive agreement across online and offline channels highlights Reliance's commitment to offering diverse retail experiences to Indian consumers.</p> |
| 16-May-2024 | ITI bags LoIs worth Rs 37.5 crore for solar street light systems in Bihar | <p style="text-align: justify;">ITI has received letter of intents (LoIs) worth Rs 37.5 crore from Bihar Renewable Energy Development Authority (BREDA) for installation of Solar Street light Systems. Out of the total, the company's Naini Unit has received LoI for Design, Supply, Installation, Testing, and Commissioning with Comprehensive Maintenance Contract (CMC for 5 years) including Remote Monitoring System (RMS) of 2800 numbers of Solar Streetlight Systems from DPRO Katihar amounting to Rs 8.58 crore under Mukhyamantri Gramin Solar Street Light Yojana.</p><p style="text-align: justify;">The company's Naini Unit has received another LoI for Design, Supply, Installation, Testing, and Commissioning with Comprehensive Maintenance Contract (CMC for 5 years) including RMS of 9440 numbers of Solar Street light Systems from DPRO Katihar amounting to Rs 28.94 crore under Mukhyamantri Gramin Solar Street Light Yojana.</p><p style="text-align: justify;">The above-mentioned systems are to be installed under supervision of BREDA and the major Components of the Solar Street light Systems are Solar PV Module, Solar Batteries, LED Luminaries, Mounting Structures, Balance of System (BOS)</p><p style="text-align: justify;">ITI, country's premier telecom company and multi-unit central public sector undertaking, is a total solutions provider in telecommunications segment.</p><div style="text-align: justify;"><br></div> |
| 16-May-2024 | ITI informs about press release | <div>ITI has informed that it enclosed the Press Release dated 16.05.2024 titled ‘ITI Limited bags LoI worth Rs 37.5 crore for Solar Street Light Systems in Bihar.'</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 02-Apr-2024 | ITI informs about loss of share certificate | <div style="text-align: justify;">ITI has informed that the letter of confirmation has been issued on 01.04.2024 for 100 shares in lieu of the original share certificate reported lost, details of which are enclosed.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 27-Feb-2024 | PDS, Mahindra Finance and PNC Infratech to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">PDS</span>' subsidiary--- Norlanka Manufacturing India has proposed to acquire an equity stake of 5% in Frontier Knitters to expand apparel manufacturing footprint & leverage it to grow sourcing business. Cost of acquisition is Rs 1.02 crore. The said transaction is expected to be completed on or before April 30, 2024.</p><p style="text-align: justify;"><span style="font-weight: bold;">Mahindra & Mahindra Financial Services</span> (Mahindra Finance) has entered into partnership with Lendingkart. This co-lending partnership is set to provide business loans for the Small & Medium Enterprise (SME) sector and will boost Mahindra Finance's product diversification strategy, while fostering financial inclusion for small and medium enterprises.</p><p style="text-align: justify;"><span style="font-weight: bold;">PNC Infratech</span> has received Letter of Acceptance (LoA) from Madhya Pradesh Public Works Department (MPPWD) through Office of Chief Engineer, PWD Bridge Zone (Authority) on February 26, 2024 for the Project of Construction of Four Lane Elevated Corridor/Flyover from Maharani Laxmibai Pratima to A.B. Road (N.H. 46) Near Girwai Police Chouki on Swarn Rekha River in Gwalior City (2nd phase) in the state of Madhya Pradesh on EPC Mode. Broad Consideration or size of the order is Rs 699 crore along with GST as applicable. The said order is expected to be completed in 36 months (including rainy season). </p><p style="text-align: justify;"><span style="font-weight: bold;">Wipro </span>and Nokia have launched joint private wireless solution to help enterprises scale their digital transformation. This joint solution will provide enterprises with a more secure 5G private wireless network solution integrated with their operation infrastructure. The solution will bring greater reliability, mobility, connectivity speed, real-time access to business insights, and the ability to process high volumes of data with low latency. Through a dedicated wireless network, enterprises will be able to create an integrated private environment they can control to better manage their performance and mitigate security risks.</p><p style="text-align: justify;"><span style="font-weight: bold;">ITI </span>has signed Memorandums of Understandings (MoUs) with Lekha Wireless, Niral Networks and InstaICT Solution to create and manage entire Private 5G ecosystem for an enterprise, i.e. plan, design, deploy, implement and manage. The company has formalized a strategic collaboration with Lekha Wireless, Niral Networks, and InstaICT Solution aimed at driving the adoption of 5G technology in India. The MoUs signifies the beginning of a significant partnership between these niche entities in the telecommunications sector.</p><p style="text-align: justify;"><span style="font-weight: bold;">Kilitch Drug'</span>s subsidiary -- Kilitch Estro Biotech PLC has secured a significant tender issued by the Ethiopian Pharmaceutical Supply Service of the Federal Democratic Republic of Ethiopia. This tender win marks a notable achievement for the company not only because of this tender but also it will definitely repeat as the Ethiopian Pharmaceutical Supply Service has planned to purchase injectable from local manufacturer.</p><p style="text-align: justify;"><span style="font-weight: bold;">Hind Rectifiers</span> has secured supply orders from Indian Railways. The orders are to be executed by FY2024-25. The broad consideration or size of the orders is more than Rs 200 crore. </p> |
| 26-Feb-2024 | ITI inks MoUs with three enterprises to propel 5G technology adoption in India | <p style="text-align: justify;">ITI has signed Memorandums of Understandings (MoUs) with Lekha Wireless, Niral Networks and InstaICT Solution to create and manage entire Private 5G ecosystem for an enterprise, i.e. plan, design, deploy, implement and manage. The company has formalized a strategic collaboration with Lekha Wireless, Niral Networks, and InstaICT Solution aimed at driving the adoption of 5G technology in India. The MoUs signifies the beginning of a significant partnership between these niche entities in the telecommunications sector.</p><p style="text-align: justify;">Under the terms of the MoUs, ITI will collaborate with Lekha Wireless, Niral Networks, and InstaICT Solution on implementing 5G Private (Captive & Non-Captive) Network Solutions within ITI. This collaboration underscores the commitment of the organizations to leverage advanced technology for the enhancement of telecommunications infrastructure in India.</p><p style="text-align: justify;">ITI, country's premier telecom company and multi-unit central public sector undertaking, is a total solutions provider in telecommunications segment.</p><div style="text-align: justify;"><br></div> |
| 16-Feb-2024 | ITI signs MoU with JandK Operations | <p style="text-align: justify;">ITI has signed a Memorandum of Understanding (MoU) with JandK Operations for manufacturing and providing of BharOS-enabled digital devices and services. This collaboration aims to manufacture and provide BharOS-enabled digital devices, including mobiles, routers, tablets, and more, to enhance the digital security infrastructure of Digital India.</p><p style="text-align: justify;">BharOS, acclaimed for its reliability and security, offers users a trustworthy environment, ensuring the integrity of their digital interactions. With this partnership, ITI reaffirms its commitment to advancing India's digital landscape while prioritizing data security and user privacy.</p><p style="text-align: justify;">ITI, country's premier telecom company and multi-unit central public sector undertaking, is a total solutions provider in telecommunications segment.</p><div style="text-align: justify;"><br></div> |
| 13-Feb-2024 | Appointment Of Secretarial Auditor For FY 2023-24 | We wish to inform that the board of directors in its board meeting held on 13.02.2024 appointed Shri K N Nagesh Rao as Secretarial auditor of the company for F Y 2023-24 |
| 25-Jan-2024 | ITI informs about details of loss of certificate | <div style="text-align: justify;">ITI has informed that Integrated Registry Management Services, Registrar and Transfer Agent (RT A) has received intimation from the shareholder, Britto Jason A (Folio No. B000151) on 25th January 2024 regarding loss of share certificate. The duplicate shares will be issued after completion of requisite formalities by the shareholder in compliance with SEBI Circular SEBI/ HO/ MIRSD/ MIRSD_RTAMB/ P /CIR/ 2022/8 dated 25th January 2022.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
