“ITI has received an advance work order (AWO) from BSNL for the operation and maintenance and sales & marketing of the passive infrastructure of 6945 BTS sites of BSNL's GSM network in UP East, UP West, Uttarkhand and Tamilnadu Circles,” the company said in a statement.
The AWO value (at provisional rates) is Rs 66.34 billion inclusive of taxes. The order is for a period of 10 years, it added.
Earlier on Tuesday, ITI said it bagged Rs 26.58 billion MahaNet order for implementation of BharatNet Phase II.
“The company received Letter of Intent (LoI) for the selection as the project implementation agency (PIA) for MahaNet-I (BharatNet Phase II) in Maharashtra for two packages, A and C, issued by Maharashtra Information Technology Corporation Ltd,” ITI said in a press release.
As per the order ITI will be covering 18 districts, 110 talukas and 8695 Gram Panchayats (GPs). The works includes laying of optical fibre cable (OFC underground and aerial) including site survey, planning, procurement, design, implementation network at talukas and GPs as well as operations and maintenance of the network.
At 02:43 pm; ITI was trading 19% higher at Rs 111 on the BSE, as compared to 0.24% decline in the S&P BSE Sensex. The trading volumes on the counter jumped more than 20-times with a combined 13.71 million equity shares changed hands on the NSE and BSE so far.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
-
Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
-
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in