Latest news with #BharatNetPhase-3
Business Upturn
13 hours ago
- Business
- Business Upturn
ITI shares hit 5% upper circuit after signing Rs 1,901 crore BharatNet contract with BSNL
Shares of ITI Limited hit 5% upper circuit after the company clinched a big-ticket contract under the government's ambitious BharatNet Phase-3 project. The company has signed a ₹1,901 crore agreement with BSNL, which is acting on behalf of the Universal Service Obligation Fund (USOF). Under this deal, ITI will roll out telecom infrastructure in the North Eastern Region II—covering Arunachal Pradesh, Nagaland, and Manipur—as the official Project Implementing Agency. Out of the total contract value, ₹1,168 crore will go towards capital expenditure, ₹700.84 crore will be used for operating the new network, and ₹32.21 crore is earmarked for maintaining the existing infrastructure. This isn't ITI's only win under BharatNet Phase-3. The company had earlier bagged two more packages—one for Himachal Pradesh and another covering West Bengal and the Andaman & Nicobar Islands—worth a combined ₹5,055 crore. With the latest addition, ITI's total order book under the project has now swelled to a whopping ₹6,956 crore. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
14 hours ago
- Business
- Business Upturn
ITI shares hits 5% upper circuit after securing Rs 1,901 crore BharatNet Phase-3 contract from BSNL
Shares of ITI Limited hit 5% upper circuit after the company clinched a big-ticket contract under the government's ambitious BharatNet Phase-3 project. The company has signed a ₹1,901 crore agreement with BSNL, which is acting on behalf of the Universal Service Obligation Fund (USOF). Under this deal, ITI will roll out telecom infrastructure in the North Eastern Region II—covering Arunachal Pradesh, Nagaland, and Manipur—as the official Project Implementing Agency. Out of the total contract value, ₹1,168 crore will go towards capital expenditure, ₹700.84 crore will be used for operating the new network, and ₹32.21 crore is earmarked for maintaining the existing infrastructure. This isn't ITI's only win under BharatNet Phase-3. The company had earlier bagged two more packages—one for Himachal Pradesh and another covering West Bengal and the Andaman & Nicobar Islands—worth a combined ₹5,055 crore. With the latest addition, ITI's total order book under the project has now swelled to a whopping ₹6,956 crore. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
14 hours ago
- Business
- Business Upturn
ITI signs Rs 1,901 crore agreement with BSNL for NER-II Package-15 of BharatNet project
ITI Limited, India's first public sector undertaking (PSU) established after independence and a leading telecom equipment manufacturer, has taken a major step forward in strengthening digital infrastructure in the country. The company recently signed an agreement with Bharat Sanchar Nigam Limited (BSNL), acting on behalf of the Universal Service Obligation Fund (USOF), to serve as the Project Implementing Agency (PIA) for Package-15 of the BharatNet Phase-3 Project. Valued at ₹1,901 crore, this contract covers the North Eastern Region II (NERII) and includes key states such as Arunachal Pradesh, Nagaland, and Manipur. The financial breakup of the contract includes ₹1,168 crore allocated for capital expenditure (capex), ₹700.84 crore for operating expenditure (opex) related to the new network, and ₹32.21 crore earmarked for the maintenance of the existing network. This isn't the only recent win for ITI Limited under BharatNet Phase-3. The company has also signed agreements with BSNL for Package No. 8 covering Himachal Pradesh and Package No. 9 covering West Bengal along with the Andaman and Nicobar Islands. The combined value of these two packages stands at ₹5,055 crore. With the inclusion of Package-15, ITI Limited's total project value under BharatNet Phase-3 has now reached an impressive ₹6,956 crore. Back in November 2024, ITI Limited, in partnership with a consortium firm, had emerged as the lowest bidder (L1) for Package-15, reinforcing the company's competitiveness and capability in handling large-scale telecom infrastructure projects. BharatNet Phase-3 is a flagship project aimed at revolutionizing digital connectivity across India, especially in rural and remote regions. Divided into 16 packages covering all states and union territories, the project focuses on the creation, expansion, and maintenance of the Middle Mile Network. The entire initiative is being executed under the Design, Build, Operate, and Maintain (DBOM) model, with BSNL responsible for awarding the contracts to implementing partners. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
4 days ago
- Business
- Time of India
BharatNet Phase 3: BSNL awards ₹1,901.11 crore work order to ITI, Tera Software for northeast
NEW DELHI: State-controlled telecom carrier Bharat Sanchar Nigam Limited ( BSNL ) has awarded a ₹1,901.11 crore advanced work order (AWO) to ITI Limited and its consortium partner Tera Software for the construction and maintenance of the middle-mile network under package 15 of the amended BharatNet programme. '...the Chairman and Managing Director, BSNL, hereby place upon M/s ITI Limited (consortium partner – M/s Tera Software Limited) an Advance Work Order (AWO) for design, supply, construction, installation, upgradation, operation and maintenance of middle mile network of Bharatnet, in NER II (i.e., Arunachal Pradesh, Nagaland and Manipur) against package number 15 at an all-inclusive value of ₹1901,10,51,507.64,' BSNL said in the agreement document. The deal value comprises ₹1,168.06 crore as capital expenditure (capex), ₹700.84 crore as operating expenditure (opex) for the newly constructed network, and ₹32.21 crore as opex for the existing network. Based on the AWO, BSNL and ITI shall sign an agreement. Subsequently, route-wise work orders will be issued by the concerned circle within the AWO quantities allotted against the respective circles, according to the document. The agreement is valid for 10 years. ITI's shares closed 0.63% lower at ₹321.25 on the Bombay Stock Exchange (BSE) Thursday. In November last year, the telecom PSU with its consortium partner emerged as L1 or lowest bidder in BharatNet Phase-3 programme in the states of Himachal Pradesh for package no. 8, and in West Bengal, and Andaman & Nicobar Islands for package no. 9 with total order value of ₹3,022 crores. BharatNet Phase-3 Project is envisaged for the development (creation, upgradation and operations and maintenance) of a middle-mile network of BharatNet on a Design Build Operate and Maintain (DBOM) model for a total of 16 packages/circles. ETTelecom reported on August 7, 2024, that the Telecommunications Consultants of India Limited (TCIL), ITI Limited, indigenous optical fiber cable (OFC) makers HFCL, STL, Polycab, and Pratap Technocrats , among others, emerged as the bidders for the third phase of the Centre's ambitious BharatNet program. Indigenous OFC makers Polycab, STL and HFCL presented solo bids while as many as 18 bidders, including G R Infraprojects, Vindhya Telelinks, Pace Digitek Infra Private Limited, Rail Vikas Nigam Limited (RVNL), Bharat Electronics Limited, Megha Engineering, and others, took the consortium route. A total of 21 bidders put in their bids under the BharatNet 3 program for Madhya Pradesh, Rajasthan, Uttar Pradesh (East), Uttar Pradesh (West), Karnataka, Uttarakhand, Bihar, Himachal Pradesh, West Bengal, Jammu & Kashmir, North East Region – I and North East Region – II, and others. In early 2024, the Centre rolled out the BharatNet III program with an outlay of ₹65,000-crore. The tender is part of the Prime Minister Narendra Modi-led government's ₹1.39 lakh crore BharatNet program which aims to provide last-mile broadband connectivity, and upgrade the existing 164,000 gram panchayats, as well as, connect 47,000 gram panchayats under the new model.
Business Upturn
06-05-2025
- Business
- Business Upturn
Tera Software-ITI consortium wins Rs 1901 crore BharatNet Phase-3 project in Northeast
Tera Software Limited, in consortium with ITI Limited (a Public Sector Undertaking under the Department of Telecommunications), has received an Advance Work Order (AWO) under the BharatNet Project for the Middle Mile Network – NER-II. The scope of the project covers the northeastern states of Arunachal Pradesh, Nagaland, and Manipur under Package No. 15. The total value of the awarded contract is ₹1,901.10 crore (Rupees One Thousand Nine Hundred One Crore Ten Lakh Fifty-One Thousand Five Hundred Seven and Sixty-Four Paisa). The project includes the design, supply, construction, installation, upgradation, operation, and maintenance of the Middle Mile Network infrastructure. This contract falls under BharatNet Phase-3, which is aimed at the creation, upgradation, and O&M (Operation and Maintenance) of a Middle Mile Network using the Design-Build-Operate-Maintain (DBOM) model. The objective of BharatNet Phase-3 is to enable broadband connectivity to 2,50,000 Gram Panchayats across India, as part of the Digital Bharat Nidhi initiative. With this award, the total value of orders received by the Tera Software and ITI Limited consortium from Bharat Sanchar Nigam Limited (BSNL) has reached ₹7,005 crore. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
