State-run telecom company ITI today said its turnover jumped more than two-fold to Rs 4,732.43 crore in 2009-10.
This is the highest turnover in the company's history and is more than double of the previous high of Rs 2,317.63 crore recorded in 2001-02, ITI Director (Production) Ravi Agarwal said in a statement.
The company's turnover in 2008-09 was Rs 1,741 crore.
During 2009-10 ITI established a manufacturing facility for gigabit passive optical network (GPoN) at its Rae Bareli plant and supplied equipment to the tune of Rs 270 crore to BSNL, the statement said.
ITI also implemented successfully the National Population Register Project of the Ministry of Home Affairs at its Palakkad Plant in Kerala. The ITI-Huawei combine has enabled BSNL to launch 3G Services in the South Zone.
ITI has initiated action for establishment of a joint venture company at its Rae Bareli, Naini and Bangalore plants for manufacturing WiMAX, GPoN and NGN IP Systems (along with associated equipments).
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app