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ITI records 20 pc rise in revenue at Rs 2,051 cr

Press Trust of India  |  New Delhi 

Friday said it has recorded 20 per cent growth in revenue at Rs 2,051 crore for financial year 2018-19.

The company had registered revenue of Rs 1,703 crore in 2017-18.

With the revival package support from the government and execution of BharatNet phase 2 projects and rejuvenated manpower, the turnover of the company has improved, ITI said in a statement.

"The company's performance for current financial year has invigorated us to strengthen business verticals like Smart Energy Meters, ICT-IOT, Mini PC manufacturing, hosting services, of and Master cards with a focus on design and development of and technologies," ITI K Alagesan said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 12 2019. 20:00 IST