ITI Limited Gets New Orders of Rs 88 crore

Bengaluru, July 2: ITI Limited (NSE: ITI | BSE: 523610), India’s pioneering telecom public sector undertaking (PSU), has announced significant government contract wins totalling ₹88 crore across the states of Odisha and Chhattisgarh. These new projects reinforce ITI’s expanding role in India’s state-led digital infrastructure and e-governance initiatives.

The contracts involve advanced technological implementations and multi-year maintenance agreements, including systems for ANPR (Automatic Number Plate Recognition), traffic management, GIS (Geographic Information System) mapping, and radar-based land mapping.

Odisha Orders (Total: ₹77.05 crore)

Chhattisgarh Order (Total: ₹11.72 crore)

These contracts include multi-year maintenance and implementation of advanced technologies, including ANPR, traffic management, GIS mapping, and radar-based land mapping systems.

Management Commentary

Rajesh Rai, Chairman and Managing Director, ITI Limited, expressed optimism over the wins:

“We are very glad to bag these new contracts from the Governments of Odisha and Chhattisgarh. These projects will aid the state governments in strengthening their digital infrastructure for efficient citizen services. With immense pride, I would like to state that ITI Limited is now seen as a reliable partner by the state governments to provide the whole spectrum of Information and Communications Technology (ICT) services.”

He added:

“Our team is very excited and highly motivated to work on these contracts, and I am confident that we will deliver them ahead of time.”

Strategic Outlook

These contracts align with ITI Limited’s strategic objective to deepen its involvement in India’s digital transformation agenda, particularly through government-backed ICT projects. The company is actively diversifying its portfolio and expanding its footprint in areas such as defence, Internet of Things (IoT), e-governance, and data centre services.

ITI Limited is already executing several other key projects, including the “Aaple Sarkar Seva Kendra (ASSK-GP)” in Maharashtra and a Wi-Fi & LAN project for Sambalpur University in Odisha. The company’s established manufacturing capabilities, in-house R&D, and status as a public sector enterprise position it favorably for future opportunities in the burgeoning digital infrastructure market in India. The company also aims to leverage its Tier 3+ Data centre facility in Bengaluru for secure data storage and IoT applications, supporting the “Digital India” and “Make in India” initiatives.

Share Price Performance

As of 1:30 p.m., the shares of ITI Limited were trading at ₹326.95, down by 0.89% or ₹2.95. It remains to be seen at what price the shares close at the end of today’s market session.

What’s Next?

With the ₹88 crore contract wins, ITI Limited is solidifying its reputation as a trusted technology partner for government digital infrastructure projects. These wins are expected to drive short- to medium-term revenue growth and improve order book visibility. Going forward, the company is likely to focus on securing more smart city, e-governance, and defence tech orders, while leveraging its data centre and IoT capabilities.

Investors will keep an eye on timely project execution, future order announcements, and the company’s ability to scale non-telecom verticals to sustain growth momentum.

About the Company

ITI Limited is India’s first PSU post-independence and a central public sector enterprise under the Department of Telecommunications. It offers a comprehensive portfolio of telecom equipment, ICT services, and customised network solutions. With manufacturing units in six locations and an in-house R&D facility in Bengaluru, ITI is also actively diversifying into defence, IoT, e-governance, and data centre services.

For more details, visit: www.itiltd.in.

REF: https://nsearchives.nseindia.com/corporate/ITI_02072025130026_SE_Intimation_PressRelease.pdf

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