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ITI Ltd.

BSE: 523610 Sector: Telecom
NSE: ITI ISIN Code: INE248A01017
BSE 00:00 | 24 Sep 118.00 -0.50
(-0.42%)
OPEN

118.65

HIGH

121.00

LOW

117.80

NSE 00:00 | 24 Sep 118.00 -0.40
(-0.34%)
OPEN

119.10

HIGH

120.95

LOW

117.60

OPEN 118.65
PREVIOUS CLOSE 118.50
VOLUME 36058
52-Week high 143.70
52-Week low 102.20
P/E 437.04
Mkt Cap.(Rs cr) 11,016
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 118.65
CLOSE 118.50
VOLUME 36058
52-Week high 143.70
52-Week low 102.20
P/E 437.04
Mkt Cap.(Rs cr) 11,016
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

ITI Ltd. (ITI) - Company History

ITI Ltd is a Government of India undertaking enterprises. The company offers complete range of telecom products and total solutions covering the whole spectrum of Switching Transmission Access and Subscriber Premises equipment. They manufacture mobile infrastructure equipment based on global system for mobile (GSM) technology and code division multiple access (CDMA) technologies.The company has state-of-the-art manufacturing facilities spread across six locations at Bangalore (Karnataka) Naini (UP) Rae Bareli (UP) Mankapur (UP) Palakkad (Kerala) and Srinagar (J&K). They have a countrywide network of marketing/ service outlets. Their regional offices are located at New Delhi Bangalore Kolkata Lucknow Mumbai Chennai Hyderabad Bhubaneshwar Bhopal Ahmedabad and Kochi. Also they have their Network Systems Unit at Bangalore. The company has three R&D Centers located at Bangalore Naini and Mankapur.ITI Ltd was incorporated in the year 1950. The company was India's first Public Sector Unit. The company had tie ups with Alcatel France and NKT Denmark for switching equipment and optical link technical equipment with NEC Japan for digital microwave equipment. In December 1992 the company formed a joint venture with Valvas and ISL namely IT Communications Pte Ltd Singapore.During the year 1995-96 the company inaugurated the country's first computerized trunk manual exchange at Cuttack and Orissa. They also indigenously developed manufactured installed and commissioned the Army Static Switched Communication Network (ASCON). They signed an MoU for strategic alliance with Mahindra British Telecom (MBT) for joint business development and project management. Also they entered into a strategic alliance with MTNL for further expansion of their GSM network. During the year 2003-04 the company introduced new products in the BSNL Network namely corDect V 5.2 AN RAX of C-DOT design Managed Leased Line Network Digital Loop Carrier SDH CDMA based Fixed Wireless Terminal and Mobile Terminals. They entered into the IT segment by supplying Smart Card based Pay Phones SIM Cards Info Kiosk IVRS Narrow Brand Remote Access Servers and MPLS Routers.During the year 2004-05 the company manufactured a number of new products like GSM-BTS Digital Loop Carrier (DLC-SDH) CDMA based IFWT SIM Cards etc. In May 2004 the company signed a collaboration agreement with Tejas Networks for Next Generation SDH equipment to fully comply with latest GR Specifications. In June 2004 they signed a collaboration agreement with G&D (Giesecke Devrient) Germany for manufacture of SIM Cards. In August 2004 the company signed an MoU with Adhunik Power Systems for Automated Integrated Management System. Also they signed an MoU with BSNL for revenue sharing project for running Broadband VSAT services. In September 2004 they signed a collaboration agreement with Tekelec for manufacture of Soft-switch based IP TAX Standalone Signal Transfer Point equipment.During the year 2005-06 the company manufactured a number of new products such as GSM-BTS Edge TRU Conversion Kits DLC Broadband New Generation STM-DTH SSTP ADSL-DSKAM. During the year 2006-07 they manufactured many new products such as GSM-BTS Edge TRU Conversion kits New Generation STM-SDH and SSTP. Also they inducted Energy Saving Devices and Power Distribution Automation Projects in Power Sector. During the year 2007-08 the company introduced new products such as GSM 2G/3G CDMA IFWT SDH MLLN NGN ADSL WIMAX G-PON etc.During the year 2008-09 the company bagged the order of 9 Million Lines GSM (Global System for Mobile) from BSNL West Zone and supplied Rs 590 crore worth of equipments to BSNL West Zone. They also bagged the order of 9 Million Lines GSM from BSNL for South Zone and supplied worth of Rs 342 crore of equipments. They made a technical collaboration with Point Red Telecom Bangalore in order to address business of deployment of Wi- MAX Networks.During the year 2009-10 the company in collaboration with Alphion Corporation USA deployed the G-Pon Technology in BSNL Network. They established the manufacturing facility for Gigabit Passive Optical Network (GPoN) at their Rae Bareli Plant and successfully supplied equipment to the tune of Rs 270 crore to BSNL. Also they implemented the National Population Register Project of the Ministry of Home Affairs at their Palakkad Plant. During the year the company commissioned and put into service Next Generation Switch for mobile connectivity with 500000 capacities at Mahanagar Telephone Nigam Ltd as a part of their two million 2G & 3G GSM project for MTNL Mumbai. The company Regional office Bangalore in conjunction with their consortium partner Ojus Healthcare Pvt Ltd of Bangalore made forays into telemedicine field for 70 sites across various states in India to provide the Oncology specialist the OncoNET Centres at Kidwai Memorial Institute of Ocnology Bangalore and Mandya Institute of Medical Science Mandya.In June 2009 the company set up Date Centre in Bangalore Plant in association with Trimax Date Centre Services Ltd. In March 17 2010 the company inaugurated a new integrated R&D laboratory at ITI Plant in Bangalore. In April 2010 Public Relations Council of India conferred Special Corporate Collateral Award 2010 to the company for their House Journal 'Doorvani'. In December 2010 the company signed an agreement to evaluate discuss and negotiate contractual relationship concerning the Transfer of Technology for C-DoT Gigabit Passive Optical Network (G-PON) System. The co-operation in this product line will be used for developing indigenous manufacturing of the product in ITI.The company has sold their entire (49%) equity stake in India Satcom Ltd for a sales consideration of Rs 3 crore in favour of Chris Tech Systems Pvt Ltd and sale of proceeds are kept in Escrow Account awaiting Government approval.The company is envisaging setting up of Special Purpose Vehicles (SPV) or Joint Venture Companies (JVs) in Rae Bareli (WiMax & CPE) Naini (GPON) & (GEPON) and Bangalore (IP Core Systems) as a part of company's revival plan. The company is exploring setting up a Data center in other units of the company to encash huge market potential in the areas of secured data storing.ITI Bangalore plant successfully executed the purchase order worth Rs.47.20 crore for Next Generation Network (NGN) products received from BSNL. Further Advance Purchase Order (APO) from BSNL to the tune of Rs 120 crore is available for execution of this project during 2015-16.During FY 2015-16 ITI implemented GSM Projects in BSNL West Zone and MTNL-Mumbai in technology alliance with M/s Alcatel-Lucent & in South Zone in technology alliance with M/s Huawei. The Annual Maintenance Contract related works have been carried out in these zones.In the year 2015-16 ITI had executed orders from Defense sector for IP encryptors NGN (BU) 5C telephone instruments etc.The Cabinet Committee on Economic Affairs (CCEA) on 24th February 2014 approved financial assistance based on the recommendations of Board for Reconstruction of Public Sector Enterprises (BRPSE) to an extent of Rs 4156.79 crore for the revival of the Company. The fund infusion will be capital grant of Rs 2264 crore in the form of equity and the balance amount of Rs 1892.79 crore in the form of grant-in-aid. The Company has received Rs192 crores from Ministry of Communications and IT for meeting the expenditure towards CAPEX implementation of various projects in its various plants during February 2015. Government of India vide letter no.20-36/2012- FAC-II dated 20 July 2016 has communicated the approval of Cabinet Committee on Economic Affairs to transfer requisite number of shares of President of India to Special National Investment Fund to meet SEBI's minimum public shareholding requirement. The Board of Director in its meeting held on 11 August 2016 has approved allotment of 192000000 equity shares of Rs 10 each at par amounting to Rs 1920000000 to President of India.During FY 2016 the supply consisted of NGN supplies worth Rs 63.22 crores under the Government's prestigious Digital India Initiative. Under services the unit executed Rs 65.11 crores for GSM-SZ AMC Rs 8.6 crores for Defence AMC Rs 0.09 crores for CDMA WLL AMC and Rs 13.97 crores for Data Centre Business. The Unit also supplied Defence Equipments worth Rs 3.82 crores ISAT for CRPF Rs 1.23 crores Telephones for Defence and BSNL worth Rs 0.47 crores; Primary MUX for BSNL for Rs 0.45 crores Contract Manufacturing and Reliability Lab services Rs 0.9 crores and Spares Rs 0.07 crores.During FY 2016-17 ITI Bangalore plant successfully executed the purchase order worth Rs.35.86 Crores for NGN products received from BSNL.ITI is the leader in supplying encryption equipments for the secured communication in the Defence networks. In the year 2016-17 ITI had executed orders worth Rs.76.20 Crores from Defence sector for IP encryptors NGN.During FY 2017 the supply consisted of NGN supplies worth Rs.35.86 Crores under the Government's prestigious Digital India Initiative. Under services the unit executed GSM-SZ AMC of Rs.76.25 Crores Defense AMC of Rs.13.65 Crores and generated revenue of Rs.19.13 Crores from Data Centre Business. The Unit also supplied Defense Equipments worth Rs.62.55 Crores ISAT for CRPF - Rs.1.57 Crores Telephones for Defense and BSNL worth Rs.0.79 Crores; Primary MUX for BSNL for Rs.2.58 Crores Contract Manufacturing and Reliability Lab services Rs. 0.78 Crores and Spares Rs.0.01 Crores. Under the revival plan Phase I 6 projects viz Legacy secrecy projects 1 Gigabit encryptor Multi-channel Encryption Unit PSU Business SCADA MUX Telephone Data Centre and IT Projects are implemented. All the manufacturing areas viz. IGI Component Test Labs PCB Plant SMT Line Central Machine Shop Coil Winding Injection Moulding Inspection and Testing Material Handling Reliability Chambers Air conditioning Plants Power backups like UPS DG sets Safety Equipments Servers Desktops Laptops etc. were upgraded with modern equipments to take care of latest technology in Electronics Manufacturing. Similarly R&D upgraded the research facilities by inductin latest development tools for future requirements. R&D took on development of Multi channel Encryption Units (MCEU) Gigabit Encryptor Optical transport Unit (OTU1 & OTU2) 1G & 10 G Interface for NFS secrecy etc.During FY 2017 the Bangalore Plant has signed about 4 MoUs for development manufature and supply of Radio Modem CLIP phones Antenna and Ruggedised MUX equipment.The unit has completed the prestigious identity projects such as National Population Register (NPR) awarded by Office of RGI and Marine Fishers Identity Project (MFID) from Department of Fisheries. The Unit has also successfully completed the work of Socio Economic Caste Census (SECC) for the Ministry of Rural Department which helped them to have a unified database which can be used for availing the various benefit schemes. ITI has completed the supplies of Biometric Handheld Terminals to Office of RGI and Fisheries departments for the reading and authentication supplies against NPR and MFID projects. The unit has also completed the order of NPR Aadhaar seeding project in Kerala for the order value of Rs.11.00 Crores. ITI Palakkad also executed SSTP Upgrade Project worth Rs.37 Crores for BSNL and received Purchase Order of Rs.134 Crores from BSNL for MLLN Project out of which order worth Rs.75 Crores is executed during 2016-17. AMC orders worth Rs.40 Crores of MLLN and SSTP projects were successfully executed. Excellent technical support had been provided to BSNL and MTNL for MLLN SSTP and OCB projects.

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