ITI Limited signs contract with Gujarat Fibre Grid Network Ltd

ITI Limited has signed a contract with Gujarat Fibre Grid Network Limited (GFGNL) for implementing BharatNet Phase II project in one of the two packages in the state of Gujarat. The Purchase Order from GFGNL is valued at Rs. Rs. 1011.41 Cr. towards the Capex part of the project, to be completed in a period of one year and Rs. 190.04 Cr. towards operation and maintenance of the network for 3 years after the implementation of the project.

Shares of ITI LTD. was last trading in BSE at Rs.104.4 as compared to the previous close of Rs. 109.85. The total number of shares traded during the day was 489342 in over 5125 trades.

The stock hit an intraday high of Rs. 110.25 and intraday low of 104. The net turnover during the day was Rs. 52038903.