ITI wins Rs 6,633 crore orders from BSNL

ITI Limited has bagged an Advanced Work Order (AWO) from BSNL. The stock prices surged over 19 per cent intraday.

The company received the order from BSNL for the Operation and Maintenance and Sales & Marketing of the Passive Infrastructure of 6,945 BTS sites of BSNL's GSM network in UP East, UP West, Uttarkhand and Tamil Nadu circles. The order period is for 10 years.

Earlier this week, the company bagged Rs. 2,658 crore MahaNet order for implementation of BharatNet Phase II in Maharashtra.

ITI Limited is engaged in the manufacturing, trading and servicing of telecommunication equipment and rendering other associated services. The company focuses on offering telephone communication services. It offers a range of telecom products and solutions, including switching, transmission, access etc.

On Thursday, the shares of the company closed at Rs. 111.60 per share, up by 19.81 per cent. Its intraday high was Rs. 111.75 per share and its intraday low was Rs. 100.60 per share on the BSE. Its 52-week high was Rs. 164.90 and 52-week low was Rs 72 per share on the BSE. The BSE Sensex closed at 38,690.10 level, down by 0.08 per cent and Nifty50 down by 0.13 per cent, closing at 11,670 level.