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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's 44.03-acre land in Bengaluru is listed for e-auction by NLMC with a reserve price of ₹1685.40 Cr. This land monetization initiative aims to unlock substantial value for the company.
ITI Ltd. partners with Airtel Business to boost enterprise digital transformation. This strategic collaboration will offer integrated solutions including connectivity, data center, cloud, IoT, AI, and cybersecurity, positioning ITI for future growth in regulated sectors.
ITI Limited secured a new 4G expansion order from BSNL for West India worth Rs 856.39 Cr. This involves turnkey deployment for 7613 sites, reinforcing the company's contribution to India's Atmanirbhar telecom initiative.
ITI Limited sold 21 acres of land in Bengaluru to the CGST Department for Rs. 914.31 Cr. Proceeds facilitated repayment of Rs. 902.81 Cr in fund-based borrowings to lending banks, thereby releasing the land from mortgage.
ITI Limited secured listing approval for 19.65 lakh new equity shares issued to promoters on a preferential basis. Valued at ₹58.99 Cr (at issue price), these shares are now eligible for trading on BSE and NSE.