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ITI surges 10% on purchase order of Rs 1,011 crores from GFGNL

The stock surged 10 per cent to Rs 115 on the BSE in early morning trade after the company announced it has received order worth of Rs 1,011 crore from Gujarat Fibre Grid Network Limited.

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A unit of state-owned ITI in Rae Bareli

Last Updated : Jan 21 2019 | 12:29 PM IST

Shares of ITI surged 10 per cent to Rs 115 apiece on the BSE in intra-day trade after the company announced that it has received orders worth of Rs 1,011 crores from Gujarat Fibre Grid Network Limited (GFGNL).

ITI said it has signed a contract with Gujarat Fibre Grid Network Limited (GFGNL) for implementing BharatNet Phase II project in one of the two packages in the state of Gujarat.

“The purchase order from GFGNL is valued at Rs 1011.41 crore towards the capex part of the project, to be completed in a period of one year and Rs

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