ITI Limited Stock Gains as Company Partners with Kerala Government for Kerala Savaari 2.0 Launch

Bengaluru, November 12, 2025: ITI Limited (NSE: ITI, BSE: 523610) announced that it has entered into a strategic collaboration with the Government of Kerala. The collaboration is for the launch of Kerala Savaari 2.0. It is an upgraded version of the state’s official auto and cab booking platform. The shares responded positively as they gained over 2%.

Partnership and Project Highlights

The company will be developing a next-gen auto and cab booking platform. The platform is already operational in Thiruvananthapuram and Kochi. However, now it will evolve into a multi-modal transport system. It will integrate metro, water metro, feeder buses, autos, and cabs. The aim is to provide a seamless commuting experience across Kerala. The system is to be launched by December 2025.

The initiative was formally launched in Thiruvananthapuram on November 4, 2025, by Labour Minister Mr. Sivankutty. The Labour Commissioner, Ms. Safna Nazarudeen (IAS), and other senior officials were also present. The system will also be expanded to other districts. It will be done eventually once the system stabilises in these cities.

Kerala Savaari and Its Achievements

There are 23,000 drivers on board on the system. A total of 3,60,000 trips have been conducted so far. This is with an average of 1,200 daily trips. The revenue earned by drivers under the system totals ₹9.36 crore. The system is currently operating in Thiruvananthapuram & Kochi. Kerala Savaari operates on a fixed subscription model. This makes it different from other commercial ride-hailing platforms.

Further, it ensures better income stability for drivers and government supervision. The initiative is led by Kerala Motor Workers Welfare Fund Board (KMWWFB). The Departments of Labour, along with Police, Transport, IT, and Planning, also support it.

Market Snapshot

The share price of ITI Limited was trading at ₹323.00 as of November 12, 2025, 2:58 pm. This was a 2.13% or ₹6.75 rise from its previous close of ₹316.25. The intraday range so far has been between ₹317.30 and ₹328.95. The company has had a positive trading session so far. Its total market capitalisation stood at ₹31,041.45 crore. Further, it had a total traded value and volume of ₹40.42 crore and 12.45 lakh shares, respectively.

ITI Limited is a central public sector enterprise. It comes under the Ministry of Communications. It provides end-to-end telecom solutions. This includes switching, transmission, access, defence, and IoT systems. The company is also active in E-Governance, IT services, defence communication, optical products, and data centre operations across India. It is India’s first post-independence PSU and a key telecom manufacturer. The company operates six state-of-the-art manufacturing units. The units are set in Bengaluru, Naini, Raebareli, Mankapur, Srinagar, and Palakkad.

REF: https://nsearchives.nseindia.com/corporate/ITI_12112025114554_SE_Intimation_Press_Release_Signed.pdf

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