ITI is locked in upper circuit of 10% at Rs 30.55 on BSE on reports that the company has bagged two purchase orders from mobile service provider BSNL for Rs 2,984 crore.
The orders are part of Network For Spectrum (NFS) project for establishment of Optical Fibre Network throughout the country, the PTI report suggests.
ITI said these are the first major orders received after the approval of the revival package of ITI by Cabinet Committee on Economic Affairs and will open the doors for turning around the company, added report.
The stock opened at Rs 28 and touched a low of Rs 27.85 on BSE. A combined 1.36 million shares changed hands and there are pending buy orders for around one million shares on BSE and NSE at 1525 hours.
The orders are part of Network For Spectrum (NFS) project for establishment of Optical Fibre Network throughout the country, the PTI report suggests.
ITI said these are the first major orders received after the approval of the revival package of ITI by Cabinet Committee on Economic Affairs and will open the doors for turning around the company, added report.
The stock opened at Rs 28 and touched a low of Rs 27.85 on BSE. A combined 1.36 million shares changed hands and there are pending buy orders for around one million shares on BSE and NSE at 1525 hours.
