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ITI Secures ₹64 Crore in Contracts, Shares Trade Lower
Last Updated: 14th January 2025 - 12:13 pm
ITI's share price experienced a slight dip during the opening trade on January 14, following the announcement of significant new contracts. The company has expanded its operations into the security systems and education/ICT domains, securing orders worth a combined total of ₹64 crore.
As of 10:00 a.m. IST, the ITI share price was at ₹399.60, down 4.99% from its last close.
One of the notable contracts, valued at ₹35 crore, was awarded by Sambalpur University in Odisha for the establishment of Campus Wi-Fi and LAN across 80 locations within the university campus. This project aims to provide seamless internet and intranet access and includes the supply, installation, and commissioning of the system, along with a three-year maintenance period.
The system will feature a secure wireless controller equipped with advanced functionalities, such as user authentication and restricted access for unauthorized users. The introduction of such an advanced networking infrastructure at an educational institution underscores the growing demand for reliable, high-speed connectivity to support online learning, research, and communication.
Additionally, ITI has received a ₹29.14 crore contract from the Central Railways, Mumbai Division, for the implementation of an integrated security system. This project involves the installation of an IP-based video surveillance system at six major railway stations, including Chhatrapati Shivaji Maharaj Terminus, Dadar, Kurla, Lokmanya Tilak Terminus, Thane, and Kalyan.
The scope of the work covers the supply, installation, testing, and commissioning of the system, followed by a five-year annual maintenance contract (AMC) after a three-year warranty period. The implementation of this integrated security system is expected to significantly enhance passenger safety by providing real-time monitoring and incident management capabilities at some of Mumbai’s busiest railway stations. The project is set to be completed within 12 months from the receipt of the Letter of Award, reflecting ITI’s commitment to delivering timely and efficient infrastructure solutions.
In addition to these contracts, ITI has recently secured a ₹95 crore project from the Directorate of Geology & Mining, Government of Uttarakhand, for the implementation of a Mining Digital Transformation & Surveillance System (MDTSS). This project is aimed at improving the transparency and operational efficiency of the state’s mining activities by integrating advanced digital technologies for surveillance, tracking, and data management.
The system is expected to curb illegal mining activities and provide real-time data analytics, making resource management more efficient and accountable. Such digital transformation initiatives reflect ITI’s expanding expertise in deploying large-scale security and monitoring solutions across various sectors.
These recent achievements highlight the company’s strategic focus on diversifying its portfolio and strengthening its presence in the digital infrastructure and security sectors. By securing projects across education, transportation, and mining, ITI is positioning itself as a key player in India’s growing digital economy.
The company’s focus on innovation and its ability to deliver complex projects in a timely manner are likely to bolster its reputation in both public and private sector markets. While the marginal dip in the share price may reflect short-term investor sentiment, the successful execution of these projects could pave the way for long-term growth, as demand for digital and security solutions continues to rise across various industries.
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