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ITI Limited is engaged in manufacturing, trading and servicing of telecommunication equipment, and rendering other associated and ancillary services. The Company focuses on offering telephone communication services.
**ITI Ltd (ITI) completes major land asset monetization.** **Issue:** ITI has finalized the long-pending sale of a 21-acre land parcel in K.R. Puram, Bengaluru, to the Central Goods and Services Tax Department (CGST). This land was previously mortgaged to a consortium of lending banks. **Impact & Company's Response:** The company...
ITI Limited has received the final tranche of Rs. 25 Cr from C-DOT as part of a Rs. 200 Cr land sale agreement for 22.258 acres in Electronic City, Bangalore. This payment follows the revised sale order under the AMRCD proceedings. The transaction will improve ITI’s cash position and supports...
ITI Limited has received Rs. 25 Cr from C-DOT as part of a Rs. 200 Cr land deal in Electronic City, Bangalore. The balance payment will follow after completing formalities. This inflow strengthens ITI’s cash position amid the ongoing land sale process.
ITI Limited has announced a board meeting to approve the financial results for the quarter and half-year. Consolidated income surged to ₹3616.42 Cr from ₹1263.63 Cr, with net profit rising to ₹35.02 Cr from ₹31.21 Cr. Standalone operations showed steady gains with income at ₹215.05 Cr and net profit at...
ITI Limited has announced a board meeting. The company received Rs. 50 Cr from C-DOT as part of a Rs. 200 Cr payment for transferring 22.258 acres of land in Electronic City, Bangalore. The remaining amount is pending statutory formalities. This land sale follows a revised dispute settlement with C-DOT,...