ITI Limited to implement Rs.334 crores RajNetorder in RajasthanITI Limited, public sector undertaking in the telecommunications technology segment has received Letter of Intent (LoI) from RajCOMP Info Services Ltd., a Govt" of Rajasthan Undertaking to execute the RajNet project.
Under the project, ITI is expected to establish 40,000 outdoor Wi-Fi access points in the state of Rajasthan with the project having an order value of approximately Rs. 334 Crore. The project envisages supply, installation and maintenance of outdoor Wi-Fi access points along with associated RF Radio equipment in a period-of six months followed by operation and maintenance of the network for a period of five years.
Highlighting on the implementation of RajNet, Shri K Alagesan, Chairman and Managing Director, ITI Limited said, "ITI has been involved in the implementation of the digital India programme in various Indian states. This order from the Rajasthan government to establish wi-fi outdoor access points in the state is expected to enhance the broadband accessibility in remote villages and complement the efforts of Bharatnet phase 1 and 2 to provide last-mile connectivity in far-flung areas of the country."
The RajNet project of the Rajasthan government is expected to ensure connectivity availability till the Gram Panchayat level through multiple mechanisms, like, Broadband, SATCOM, OTA, LAN, SWAN etc. In August 2018, ITI was declared as L1 (Lowest Bidder) in the RajNet project of the state ofRajasthan.
Shares of ITI LTD. was last trading in BSE at Rs.81.75 as compared to the previous close of Rs. 79.3. The total number of shares traded during the day was 360665 in over 3869 trades.
The stock hit an intraday high of Rs. 83.5 and intraday low of 75.35. The net turnover during the day was Rs. 28835757.