Latest news with #ITILimited
Time of India
3 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
02-06-2025
- Business
- Business Upturn
ITI receives Rs 25 crore from C-DOT as part of Rs 200 crore land transfer deal
By Aditya Bhagchandani Published on June 2, 2025, 12:57 IST ITI Limited has received an additional tranche of Rs 25 crore from the Centre for Development of Telematics (C-DOT), as part of a revised agreement concerning the transfer of 22.258 acres of land at Electronic City, Bangalore. The total value of the deal is pegged at Rs 200 crore. In its regulatory filing dated June 2, 2025, ITI Limited confirmed that the payment is aligned with the Revised AMRCD (Arbitration and Mediation Resolution Committee of Disputes) proceedings between the two government entities. This latest tranche follows the execution of a sale deed between ITI and C-DOT. The company stated that the balance amount will be received upon completion of remaining statutory formalities. The land transfer dispute between ITI and C-DOT had been ongoing, and this transaction marks significant progress in resolving the issue. The development is disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 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. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
News18
29-05-2025
- Business
- News18
ITI Shares Jump 18% In Two Days As Q4 Loss Narrows Significantly
Last Updated: Shares of ITI Limited have rallied more than 18% over past two trading sessions, driven by a sharp reduction in the company's quarterly loss ITI Shares ITI Share Price: Shares of ITI Limited have rallied more than 18% over the past two trading sessions, driven by a sharp reduction in the company's quarterly loss. On Thursday, the stock rose 7.6% to Rs 365.90 on the BSE. The state-run telecom firm came close to breaking even in the March quarter, reporting a net loss of just Rs 4.4 crore — a significant improvement from the Rs 238.8 crore loss recorded in the same period last year. This turnaround was aided by an exceptional gain of Rs 62.41 crore. This marks ITI's closest brush with profitability since March 2022, when it reported a net profit of Rs 356 crore. Revenue surged 74% year-on-year to Rs 1,045.7 crore, compared to Rs 601 crore in the year-ago quarter. The company also managed to significantly reduce its EBITDA loss to Rs 28.2 crore, down from Rs 173.8 crore. Despite the recent rally, ITI remains a tightly held PSU stock. As of the March quarter, the government holds a 90% stake, while the Special National Investment Fund owns another 7.9%, leaving a limited free float for public investors. Over the past three months, ITI shares have climbed 46%. However, they remain down 6% year-to-date in 2025. The company's current market capitalisation stands at Rs 34,673 crore. First Published: May 29, 2025, 11:43 IST
Business Upturn
19-05-2025
- Business
- Business Upturn
HFCL shares jump 3% as company bags optical fiber cable orders worth Rs 76.21 crore
Shares of HFCL Ltd surged nearly 3% after the company announced fresh purchase orders totaling approximately ₹76.21 crore. The orders include a significant export deal valued at USD 6.91 million (around ₹59.19 crore) and a domestic order worth ₹17.02 crore. The international order has been placed by an overseas telecom company and involves the supply of various types of optical fiber cables. HFCL confirmed that this export order is scheduled for execution by September 2025. Meanwhile, the domestic order comes from ITI Limited, a government-owned enterprise in India. This order also pertains to the supply of optical fiber cables and is set to be completed by June 2025. HFCL shares opened at ₹89.14, reaching a high of ₹92.65 and a low of ₹88.87 in the latest trading session. Despite current levels, the stock remains significantly below its 52-week high of ₹171.00. However, it stays comfortably above the 52-week low of ₹71.60. As of 10:42 AM, the shares were trading 3.18% higher at Rs 91.24. 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. 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
18-05-2025
- Business
- Business Upturn
HFCL secures optical fiber cable orders worth Rs 76.21 crores
By Aman Shukla Published on May 18, 2025, 22:15 IST HFCL Limited has announced the receipt of purchase orders amounting to approximately INR 76.21 crores. These include a significant export order valued at USD 6.91 million, which translates to around INR 59.19 crores, and a domestic order worth approximately INR 17.02 crores. The international order has been placed by an overseas telecommunications company, while the domestic order has been awarded by ITI Limited, a government-owned enterprise in India. Both orders pertain to the supply of various types of optical fiber cables, tailored to the specific requirements of the respective customers. As per the company, the international order is scheduled for execution by September 2025, and the domestic order by June 2025. The company has stated that the terms and conditions of these contracts follow standard contractual frameworks. 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
