ITI has received a contract worth around Rs 95 crore from Directorate of Geology & Mining, Government of Uttarakhand for Mining Digital Transformation & Surveillance System (MDTSS) project. The Uttarakhand Government envisaged this project for effective prevention of illegal mining and mineral transportation and to increase its revenue in the state. As part of this contract, ITI will be the work agency for development, implementation and maintenance of Mining Digital Transformation & Surveillance System (MDTSS) in the districts of Dehradun, Haridwar, Udham Singh Nagar, and Nainital. Accordingly, an MoU of Rs 95 Crs for five years has was signed between ITI Limited and Government of Uttarakhand. The systems will be installed at 40 check gates across Dehradun, Haridwar, Nainital, and Udham Singh Nagar. Dehradun will have 8 check gates, Haridwar 13, Nainital 10, and Udham Singh Nagar 9. The new system equipped with bullet cameras, RFID radars, and LED floodlights will not only help monitor illegal mining activities but also boost the state government`s revenue. Besides, a Mining State Control Centre (MSCC) will be set up in Dehradun, along with mini command centres at district headquarters in Dehradun, Haridwar, Nainital, and Udham Singh Nagar.Powered by Capital Market - Live News

Net Loss of ITI reported to Rs 70.33 crore in the quarter ended September 2024 as against net loss of Rs 126.01 crore during the previous quarter ended September 2023. Sales rose 312.30% to Rs 1016.20 crore in the quarter ended September 2024 as against Rs 246.47 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1016.20246.47 312 OPM %-0.87-21.50 - PBDT-55.69-112.69 51 PBT-69.42-126.01 45 NP-70.33-126.01 44 Powered by Capital Market - Live News

ITI with its consortium partner has emerged as the Lowest Bidder (L1) for Package No. 15 of BharatNet Phase-3 Project comprising Arunachal Pradesh, Nagaland and Manipur states with an order value of Rs. 1537 Crores. ITI also emerged as L1 (on 07 November 2024) for Package No. 8 in the state of Himachal Pradesh, and for Package No. 9 in West Bengal, & Andaman and Nicobar Islands with an order value to Rs. 3022 crore. With this, ITI has emerged as L1 for three Packages (8,9, &15) taking the total order value to Rs. 4559 crore.The BharatNet Phase-3 Project is divided into 16 Packages spread across all states & union territories. BSNL had invited tenders, for Design, Supply, Construction, Installation, Upgradation, Operation and Maintenance of Middle Mile Network of BharatNet Phase-3 Project on a Design Build Operate and Maintain (DBOM) Model. Powered by Capital Market - Live News

ITI announced that Dr Rajaj Nayak, Mamta Palariya and Billeshwar Sinha ceased to be independent directors of the company on completion of their term on 09 November 2024. Powered by Capital Market - Live News

ITI will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live News