Latest news with #ITILimited
Business Upturn
3 days ago
- Business
- Business Upturn
ITI receives Rs 25 crore from C-DOT as part of Rs 200 crore land transfer deal
By Aditya Bhagchandani Published on June 2, 2025, 12:57 IST ITI Limited has received an additional tranche of Rs 25 crore from the Centre for Development of Telematics (C-DOT), as part of a revised agreement concerning the transfer of 22.258 acres of land at Electronic City, Bangalore. The total value of the deal is pegged at Rs 200 crore. In its regulatory filing dated June 2, 2025, ITI Limited confirmed that the payment is aligned with the Revised AMRCD (Arbitration and Mediation Resolution Committee of Disputes) proceedings between the two government entities. This latest tranche follows the execution of a sale deed between ITI and C-DOT. The company stated that the balance amount will be received upon completion of remaining statutory formalities. The land transfer dispute between ITI and C-DOT had been ongoing, and this transaction marks significant progress in resolving the issue. The development is disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
News18
29-05-2025
- Business
- News18
ITI Shares Jump 18% In Two Days As Q4 Loss Narrows Significantly
Last Updated: Shares of ITI Limited have rallied more than 18% over past two trading sessions, driven by a sharp reduction in the company's quarterly loss ITI Shares ITI Share Price: Shares of ITI Limited have rallied more than 18% over the past two trading sessions, driven by a sharp reduction in the company's quarterly loss. On Thursday, the stock rose 7.6% to Rs 365.90 on the BSE. The state-run telecom firm came close to breaking even in the March quarter, reporting a net loss of just Rs 4.4 crore — a significant improvement from the Rs 238.8 crore loss recorded in the same period last year. This turnaround was aided by an exceptional gain of Rs 62.41 crore. This marks ITI's closest brush with profitability since March 2022, when it reported a net profit of Rs 356 crore. Revenue surged 74% year-on-year to Rs 1,045.7 crore, compared to Rs 601 crore in the year-ago quarter. The company also managed to significantly reduce its EBITDA loss to Rs 28.2 crore, down from Rs 173.8 crore. Despite the recent rally, ITI remains a tightly held PSU stock. As of the March quarter, the government holds a 90% stake, while the Special National Investment Fund owns another 7.9%, leaving a limited free float for public investors. Over the past three months, ITI shares have climbed 46%. However, they remain down 6% year-to-date in 2025. The company's current market capitalisation stands at Rs 34,673 crore. First Published: May 29, 2025, 11:43 IST
Business Upturn
19-05-2025
- Business
- Business Upturn
HFCL shares jump 3% as company bags optical fiber cable orders worth Rs 76.21 crore
Shares of HFCL Ltd surged nearly 3% after the company announced fresh purchase orders totaling approximately ₹76.21 crore. The orders include a significant export deal valued at USD 6.91 million (around ₹59.19 crore) and a domestic order worth ₹17.02 crore. The international order has been placed by an overseas telecom company and involves the supply of various types of optical fiber cables. HFCL confirmed that this export order is scheduled for execution by September 2025. Meanwhile, the domestic order comes from ITI Limited, a government-owned enterprise in India. This order also pertains to the supply of optical fiber cables and is set to be completed by June 2025. HFCL shares opened at ₹89.14, reaching a high of ₹92.65 and a low of ₹88.87 in the latest trading session. Despite current levels, the stock remains significantly below its 52-week high of ₹171.00. However, it stays comfortably above the 52-week low of ₹71.60. As of 10:42 AM, the shares were trading 3.18% higher at Rs 91.24. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
18-05-2025
- Business
- Business Upturn
HFCL secures optical fiber cable orders worth Rs 76.21 crores
By Aman Shukla Published on May 18, 2025, 22:15 IST HFCL Limited has announced the receipt of purchase orders amounting to approximately INR 76.21 crores. These include a significant export order valued at USD 6.91 million, which translates to around INR 59.19 crores, and a domestic order worth approximately INR 17.02 crores. The international order has been placed by an overseas telecommunications company, while the domestic order has been awarded by ITI Limited, a government-owned enterprise in India. Both orders pertain to the supply of various types of optical fiber cables, tailored to the specific requirements of the respective customers. As per the company, the international order is scheduled for execution by September 2025, and the domestic order by June 2025. The company has stated that the terms and conditions of these contracts follow standard contractual frameworks. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
06-05-2025
- Business
- Business Upturn
Tera Software-ITI consortium wins Rs 1901 crore BharatNet Phase-3 project in Northeast
Tera Software Limited, in consortium with ITI Limited (a Public Sector Undertaking under the Department of Telecommunications), has received an Advance Work Order (AWO) under the BharatNet Project for the Middle Mile Network – NER-II. The scope of the project covers the northeastern states of Arunachal Pradesh, Nagaland, and Manipur under Package No. 15. The total value of the awarded contract is ₹1,901.10 crore (Rupees One Thousand Nine Hundred One Crore Ten Lakh Fifty-One Thousand Five Hundred Seven and Sixty-Four Paisa). The project includes the design, supply, construction, installation, upgradation, operation, and maintenance of the Middle Mile Network infrastructure. This contract falls under BharatNet Phase-3, which is aimed at the creation, upgradation, and O&M (Operation and Maintenance) of a Middle Mile Network using the Design-Build-Operate-Maintain (DBOM) model. The objective of BharatNet Phase-3 is to enable broadband connectivity to 2,50,000 Gram Panchayats across India, as part of the Digital Bharat Nidhi initiative. With this award, the total value of orders received by the Tera Software and ITI Limited consortium from Bharat Sanchar Nigam Limited (BSNL) has reached ₹7,005 crore. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
