ITI Limited Shares Jump on ₹1,901 Crore BSNL Contract for BharatNet Phase-3

Mumbai, 30 June 2025: ITI Limited saw its shares surge by 4.99%, reaching ₹336.65, after the company announced securing a major ₹1,901 crore contract from Bharat Sanchar Nigam Limited (BSNL) under the BharatNet Phase-3 project. The deal strengthens ITI’s role in enhancing digital infrastructure across rural and remote parts of India.

Stock Rises After Contract News Sparks Investor Optimism

The announcement led to an immediate positive reaction in the market, with investors showing renewed confidence in the company’s growth trajectory. The deal is expected to significantly boost ITI’s project pipeline and revenue outlook.

Stock Snapshot (as of 14:58 IST)

Key Deal Details Highlight ITI’s Expanding Role in Rural Connectivity

As disclosed in an exchange filing under Regulation 30 of SEBI LODR, ITI Limited has formally signed an agreement with BSNL (acting on behalf of the Universal Service Obligation Fund) for NER-II Package-15 under BharatNet Phase-3. The contract, valued at ₹1,901 crore, covers critical states in the Northeast, including Arunachal Pradesh, Nagaland, and Manipur.

Contract Components

Total Order Book from BharatNet Now Stands at ₹6,956 Crore

In addition to the NER-II Package-15, ITI has also secured two more contracts under BharatNet Phase-3:

• Package No. 8 for Himachal Pradesh
• Package No. 9 for West Bengal and Andaman & Nicobar Islands

These two packages amount to an additional ₹5,055 crore, bringing ITI’s cumulative BharatNet Phase-3 order book to a substantial ₹6,956 crore.

Leadership Statement Reflects Commitment and Readiness for Execution

Rajesh Rai, Chairman and Managing Director of ITI Limited, expressed confidence in the company’s capability to deliver:

“This is indeed a very challenging project, and I am grateful to BSNL for reposing their faith yet again in ITI. My team is fully prepared, and we will give our best to meet client expectations.”

He further emphasised ITI’s experience in deploying fibre networks nationwide, adding that the team is committed to executing the assignment with complete dedication.

BharatNet Phase-3 Aims to Bridge the Digital Divide in Remote India

BharatNet Phase-3 is structured under the DBOM (Design, Build, Operate, Maintain) model and aims to expand high-speed broadband access across underserved and rural regions in all states and union territories. BSNL serves as the nodal agency overseeing the execution of this nationwide initiative.

ITI Limited: A Legacy PSU with a Forward-Looking Technology Portfolio

Founded as India’s first public sector undertaking after Independence, ITI Limited operates under the Ministry of Communications. With a diverse portfolio that includes telecom equipment, fibre optic networks, smart cards, defence electronics, and a modern Data Centre in Bengaluru, the company continues to play a vital role in national digital infrastructure development.

 ITI is listed on both NSE and BSE, and is part of the NIFTY 500 index, reinforcing its significance in India’s public sector landscape.

REF: https://nsearchives.nseindia.com/corporate/ITI_30062025145548_SE_Intimation_on_Press_release.pdf

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