Hot Pursuit     23-May-23
ITI soars on bagging advance purchase order from BSNL worth Rs 3,889 crore
ITI jumped 4.53% to Rs 110.70 after the company announced that it has bagged an advance purchase order (APO) from BSNL worth Rs 3,889 crore for its 4G rollout.

BSNL has issued an Advance Purchase Order (APO) for Reservation Quota (RQ) Order in the West Zone, the company informed.

The scope of work includes planning, engineering, supply, installation & commissioning, and annual maintenance contract (AMC) of 4G mobile network for 23,633 sites in West Zone of BSNL Network, and the total value of the contract is Rs 3889 crore, including AMC for 9 Years. The supply period is 18-24 months and warranty is 12 Months with consortium partner being TCS.

This is an APO for the entire scope of work and the purchase order will be issued by BSNL Circles in the West Zone. As part of the contract, ITI Limited will manufacture the radio access network (RAN).

Rajesh Rai, chairman and managing director of ITI Limited said, “We are delighted to receive this order from BSNL and we are thankful to the Ministry of Communication and BSNL for reposing great trust and faith in ITI's execution capability. This is a significant milestone for ITI as we are partnering with BSNL for connecting remote parts of our nation.

In the past, ITI Limited has successfully deployed 2G & 3G GSM networks (Nodes & RAN) for BSNL in West Zone as well as in South Zone. With great pride I say that ITI has supplied optical broadband connectivity equipment for BharatNet Phase I&II projects for BSNL, and equipment for more than 25 percent of BharatNet Network has been supplied by ITI Limited.”

ITI is the country's premier telecom company and multi-unit central public sector undertaking, is a total solutions provider in telecommunications segment. The company offers complete range of telecom products covering the whole spectrum of switching, transmission, and access & subscriber premises equipment.

The company reported consolidated net loss of Rs 87.61 crore in Q3 FY23 compared with Rs 92.59 crore in Q3 FY22. Net sales jumped 86.7% year on year to Rs 256.35 crore in Q3 FY23.

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