ITI shares added 11 percent intraday on November 11 after the company emerged as the lowest bidder for three packages of BharatNet Phase3 project for a total Value of Rs 4559 crore.
At 10:37am, ITI was quoting at Rs 338.70, up Rs 35.10, or 11.56 percent, on the BSE.
The company with its consortium partner has emerged as the L1 for Package No. 15 of BharatNet Phase-3 Project comprising Arunachal Pradesh, Nagaland and Manipur states with an order value of Rs 1537 crore.
The company also emerged as L1 (on November 7, 2024) for Package No. 8 in the state of Himachal Pradesh, and for Package No. 9 in West Bengal, & Andaman and Nicobar Islands with an order value to Rs 3022 crores.
With this, the company has emerged as L1 for three Packages (8,9, &15) taking the total order value to Rs 4559 crore.
Catch all the market action on our live blog
The BharatNet Phase-3 Project is divided into 16 Packages spread across all states & union territories. BSNL had invited tenders, for Design, Supply, Construction, Installation, Upgradation, Operation and Maintenance of Middle Mile Network of BharatNet Phase-3 Project on a Design Build Operate and Maintain (DBOM) Model.
A meeting of the board of directors will be held on November 14, 2024 to consider and approve unaudited financial result for the quarter and half year ended 30.09.2024.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
