BAJAJ BROKING

Notification
No new Notification messages
Laxmi Dental IPO is Open!
Apply for the Laxmi Dental IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

ITI Ltd secures Rs 64 crore contracts for Wi-Fi and CCTV systems

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

ITI Ltd secured contracts worth Rs 64 crore, including Rs 35 crore for campus-wide Wi-Fi & LAN at Sambalpur University and Rs 29.14 crore for an integrated CCTV security system at six Mumbai railway stations.

ITI Ltd news today

ITI Limited, a state-run telecom product manufacturer, has won contracts worth Rs 64 crore. These include a Rs 35-crore project for Wi-Fi & LAN setup at Sambalpur University, Odisha, and a Rs 29.14-crore integrated security system for six Mumbai railway stations under Central Railways.

Also read: JSW Energy secures LoI for 3.6 GW KSK Mahanadi power plant

ITI LTD

Trade

405.85-14.75 (-3.50 %)

Updated - 14 January 2025
427.00day high
DAY HIGH
399.60day low
DAY LOW
90979
VOLUME (BSE)

Key Takeaways

  • Sambalpur University Project: Rs 35 crore contract for Wi-Fi & LAN across 80 locations with three years of maintenance.

  • Mumbai Railway Stations Project: Rs 29.14 crore integrated CCTV-based security system at six key stations, including over 1,400 cameras.

  • Timeline: The railway project to be completed within 12 months.

  • Annual Maintenance: Five years of support after the warranty period.

Also read: BEL secures new orders worth Rs 561 crore, boosting FY25 order book

Project Details

The Sambalpur University contract involves setting up campus-wide Wi-Fi and LAN across 80 locations, enhancing both network security and accessibility. ITI will supply and install a secure wireless controller with advanced features, including user authentication and restricted access for unauthorised users.

The Central Railways contract focuses on implementing an IP-based video surveillance system at six stations: Chhatrapati Shivaji Maharaj Terminus, Dadar, Kurla, Lokmanya Tilak Terminus, Thane, and Kalyan. This project includes installing over 1,400 cameras, with annual maintenance for five years following the three-year warranty.

Contract Details

Value (Rs Crore)

Scope of Work

Sambalpur University

35

Wi-Fi & LAN across 80 locations

Central Railways (Mumbai)

29.14

CCTV-based security system at 6 stations

Total

64

 

Impact On ITI Share Price

Despite these significant contracts, ITI share price closed at Rs 421.30 on Monday, marking a 4.99% drop. However, these projects highlight ITI’s growing role in delivering advanced ICT and security solutions, potentially influencing the ITI share price positively in the long term.

ITI Limited’s latest projects underscore its ability to cater to diverse sectors with advanced technology solutions, reinforcing its market presence in the ICT and security domains.

Also read: HCL Tech expands partnership with Microsoft to transform contact centres

Do you have a trading account app or demat account app?

You can open an account with Bajaj Broking in minutes.

Download the Bajaj Broking app now from Play Store or App Store.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs+ Users

icon-with-text

4.4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹5300+ Cr MTF Book

icon-with-text