ITI in the limelight
By
Ruma Dubey
about 5 years ago
ITI, which had closed yesterday at Rs.34.65, opened today at Rs.138 and went up to an intraday high at Rs141. Its 52-week high is at Rs.151.60.
The stock is reacting to the news of yesterday – it secured the ASCON phase IV project - army's telecom network backbone implemented in phases along the borders. It had emerged as the LI bidder in 2017.
It includes civil works for providing the complete infrastructure required at various sites and optical fibre network.
The value of the bid is approximately Rs 7,796 crore.