This PSU telecom manufacturing company signs Tripartite MoU with TCIL and CDOT!
The partnership involves joint execution of mutually beneficial projects, with TCIL as the lead partner, CDOT as the technology partner, and ITI as the manufacturing partner.
ITI Limited, a leading Indian telecom company, offers comprehensive telecommunications solutions with advanced manufacturing facilities, an in-house R&D center, and nationwide sales and marketing offices. Their wide range of telecom products and tailored support cater to various sectors. ITI Limited specializes in manufacturing products for defence, railways, solar equipment, and more. Additionally, the company is expanding its presence in defence, IoT, e-governance and IT projects, while running a cutting-edge Data Centre in Bengaluru.
ITI Limited has recently entered into a Tripartite MoU with Centre for Development of Telematics (CDOT) and Telecommunications Consultants India Limited (TCIL) to enhance R&D collaboration in the field of telecommunications. The objective is to establish a framework for cooperation and jointly develop innovative telecommunication products and services for Smart Cities.
DSIJ offers a service 'Mid Bridge' with recommendations for Mid-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
The partnership involves joint execution of mutually beneficial projects, with TCIL as the lead partner, CDOT as the technology partner, and ITI as the manufacturing partner. The cooperative program encompasses various activities such as conceptualization, procurement, installation, maintenance, and marketing of telecom products, aiming to deliver end-to-end indigenous solutions for telecom networks.
On Monday, shares of ITI Ltd surged by 0.23 per cent and made an intraday high of Rs 109.80.
The company has delivered returns of 26 per cent over the past 1 year.
Investors should keep a close eye on this trending stock.