ITI Bags Rs 856 Crore BSNL Order, Shares Jump 6%

ITI shares jumped as much as 6.17% on Thursday, touching a day’s high of Rs 302.40 on the NSE, after bagging a fresh BSNL order.

The order itself is worth Rs 856.39 crore. Under this contract, ITI will handle everything needed to expand BSNL’s 4G mobile network across 7,613 sites in western India, covering states like Maharashtra, Goa and Gujarat.

That includes planning the network, installing equipment, testing it, and getting it fully operational, essentially a full turnkey job from start to finish. This isn’t ITI’s first rodeo with BSNL.

The company, working alongside Tata Consultancy Services, had already completed an earlier phase of this same rollout, a much bigger project worth Rs 2,640 crore covering over 23,000 sites across the same region.

This new order effectively builds on that track record, expanding the network further into additional and remaining sites.

Both projects fall under India’s Atmanirbhar Bharat push, the government’s broader effort to get telecom networks built using equipment made domestically rather than imported.

ITI’s Chairman and Managing Director, Rajesh Rai, said the fresh order shows the trust BSNL continues to place in the company’s ability to deliver on time. ITI isn’t just working on this one contract either.

The company is currently also executing a much larger BharatNet project worth around Rs 7,000 crore for BSNL, spread across states including Himachal Pradesh, West Bengal and the Andaman and Nicobar Islands.

ITI shares closed the day at Rs 285.60 on the NSE, up 0.39% compared to the previous close.

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