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ITI bags order worth Rs 66.33 bn from BSNL in UP, Tamil Nadu, Uttarakhand

After remaining sick for 16 years, ITI had turned profitable in FY18 by posting a net profit of Rs 1.02 billion

Debasis Mohapatra  |  Bengaluru 

Telecom Industry
Representative image | Photo: Shutterstock

Central public sector undertaking Ltd has bagged orders worth Rs 66.33 billion from state-run telecom provider, in three states including Uttar Pradesh, and

The contract will be implemented over a period of 10 years. According to the contract, Ltd will undertake the operations and maintenance along with sales and marketing of 6,945 base transceiver station sites of BSNL's network. The operation also includes marketing of base station infrastructure to other players for earning additional

"We are targeting for an order book of Rs 200 billion and these mega orders really boost our morale. With the past experience of maintenance of project, we hope the smooth execution of this order in the coming days," said K Alagesan, Chairman & MD of Ltd.

The company also said that it has also emerged as the lowest bidder in the project which has the mandate of rolling out broadband services in rural areas of

After remaining sick for 16 years, ITI had turned profitable in FY18 by posting a net profit of Rs 1.02 billion on a base of Rs 17.03 billion.

The state-owned firm's shift in strategy to enter telecommunication networks space has paid it rich dividends. Its total order book size stood at around Rs 100 billion by the end of last fiscal.

First Published: Fri, August 31 2018. 22:11 IST
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