ITI Ltd share price jumps nearly 9% on bagging order from Bihar govt worth Rs 300 crore

ITI Ltd share price jumps nearly 9% on bagging order from Bihar govt worth Rs 300 crore

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26 Aug, 2025 12:21

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Shares of ITI Ltd advanced nearly 9 percent on Tuesday after the PSU firm bagged a Rs 300 crore order from the Bihar government.

ITI stock jumped 8.81 percent to the day's high of Rs 308 per share on the NSE. The uptrend in the stock was witnessed after six days of consecutive declines on the bourses.

The telecom manufacturing company has received an order worth around Rs 300 crore from Bihar Renewable Energy Development Authority (BREDA) for the supply and installation of 1,00,000 numbers of Solar Street Light Systems to Bihar state government. The news led to a sharp uptick in the price movement of the stock.

This is in addition to 80,000 solar street light systems the company is currently executing in Bihar for BREDA.

At the time of publishing the copy, the counter was trading at Rs 300.65 per share on the NSE, rising 6.22 percent from its previous close.

The company in an exchange filing, said "ITI Limited’s Naini Plant which has been manufacturing solar panels for the last six years has received an order for Supply & Installation of 1,00,000 numbers of Solar Street light Systems amounting to around Rs. 300 Cr under “Mukhyamantri Gramin Solar Street Light Yojana”."

"The districts covered in this Order are Gopalgunj, Siwan, Samastipur, Purnia, Araria, Gaya, Darbhanga, Patna, Katihar, and Khagaria," it added.

Recently, the company won its first Electronic Voting Machine (EVM) Order from the State Election Commission (SEC) of West Bengal for the supply of Electronic Voting Machines after a successful demonstration to the SEC at Kolkata.

ITI Limited, the country’s premier telecom company, and multi-unit central public sector undertaking, is a total solutions provider in the telecommunications segment.

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