HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
ITI gains on securing contracts worth Rs 88 crore in Odisha, Chhattisgarh
Jul-03-2025

ITI is currently trading at Rs. 329.55, up by 2.85 points or 0.87% from its previous closing of Rs. 326.70 on the BSE.

The scrip opened at Rs. 329.95 and has touched a high and low of Rs. 331.45 and Rs. 324.35 respectively. So far 46678 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 592.85 on 07-Jan-2025 and a 52 week low of Rs. 210.20 on 25-Oct-2024.\

Last one week high and low of the scrip stood at Rs. 342.50 and Rs. 319.40 respectively. The current market cap of the company is Rs. 31584.35 crore.

The promoters holding in the company stood at 90.00%, while Institutions and Non-Institutions held 7.95% and 2.05% respectively.

ITI has secured various contracts worth around Rs 88 crore in the states of Odisha and Chhattisgarh. In Odisha, the company has secured contract from Cuttack Development Authority for procurement & installation of CCTV surveillance camera at different locations of Cuttack along with setup of traffic signal system worth Rs 54 crore. The contract involves procurement of cameras, software/analytics/ANPR, hardware etc. Along with maintenance support for 5 years. Further, the contract also involves techno commercial elements for installation of Traffic Signal System. 

The company has also won another contract for land intelligence management system through GIS based application from Cuttack Development Authority worth Rs 23.05 crore. The contract involves implementation of land intelligence management system through GIS based application within Bidanasi Development Project Area, and implementation of location-wise property map of Cuttack Development Authority using ground penetrating radar (GPR) technology in CDA plan Area.

In Chhattisgarh, the company has secured a contract from Chhattisgarh Infotech Promotion Society (CHiPS) for implementation/upgradation of WLAN/LAN Infrastructure at Mantralaya and HoD Bhawan at Nava Raipur in Chhattisgarh worth Rs 11.72 crore.

ITI is primarily engaged in the business of manufacture, sale and servicing of telecommunication equipments and rendering other associated / ancillary services.

  RELATED NEWS >>