ITI Ltd secures order worth Rs 433 crore from Tamil Nadu FibreNet Corporation

This order shall be implemented within 360 days. After the project goes live, the company shall look after operations and maintenance for a period of three years.

ITI Ltd, a government-owned telecommunications equipment manufacturer, announced today that it has bagged an order worth Rs 432.97 crore from Tamil Nadu Fibrenet Corporation Limited (TANFINET) which is a Government of Tamil Nadu undertaking for implementation of BharatNet Phase-II in the state for Package D.  

This order shall be implemented within 360 days. After the project goes live, the company shall look after operations and maintenance for a period of three years.  

In this project, ITI shall undertake planning, survey, supply, installation, commissioning, testing, end-to-end integration, operation and maintenance of Optical Fibre Network (OFN), and electronics for broadband connectivity. 

Also, as a part of this package D, the company shall cover 10 districts comprising 109 blocks that include 3103 Gram Panchayats having 845 Revenue villages across the length and breadth of Tamil Nadu state and provide a minimum of 1 Gbps bandwidth service.  

Under this project, the company shall provide radio connectivity to Gram Panchayats that cannot be connected through fibre, and implement horizontal connectivity to government premises, schools, and primary health centres (PHCs). Additionally, approximately 15000 km of fibre cable will be laid, which includes underground and aerial fibre to connect Gram Panchayats with blocks, district centres, and state headquarter.  

At 1.20 pm on Monday, the share price of ITI Ltd was trading at Rs 111.3, which was a decline of 1.55 per cent from the previous day’s closing price of Rs 113.05 on BSE.