Telecom stock jumps 12% after company likely to monetize 91.43 acres land in Bengaluru for ₹3,473 Cr

Synopsis: The share of the company was up 12 percent after 91 acres of land monetisation news  came, with an estimated value of Rs. 3,473 crore for paying off dues, for which the reply is awaited.

The shares of this company engaged in manufacturing, trading and servicing of telecommunication equipment, and rendering other associated and ancillary services has gained investor traction after its land monetisation news..

With the market capitalization of Rs. 30,210.29 crore, ITI Ltd’s share on Friday made a day high of Rs. 331.40 per share, up by 12.3 percent from its previous day’s close price of Rs. 295 per share. It has delivered a return of 139.74 percent over a period of five years.

What happened

According to sources, ITI Ltd’s stock surged 12 percent following news that the company plans to monetize 91.43 acres of land in Bengaluru’s Krishnarajapura area, valued at Rs. 3,473.14 crore. 

This move aims to clear the telecom PSU’s bank loans and pending employee dues, as revealed by Union Minister of State for Communications Pemmasani Chandrasekhar in response to MP Tejasvi Surya’s Lok Sabha question on December 17.

The land includes four key parcels: a 44.03 acre plot worth Rs.1,651 crore, a 21-acre site proposed for GST department transfer at Rs.823 crore, 10.28 acres in B Narayanapura village valued at Rs.358 crore, and 16.12 acres in ITI Township at Rs.641 crore. The government is actively supporting ITI to execute these sales for financial relief. On the same BSE sought clarification from the company regarding the news, and the reply is awaited.

About the Company 

ITI Limited is engaged in the manufacturing, trading and servicing of telecommunication equipment, and rendering other associated and ancillary services. The Company focuses on offering telephone communication services. The company is engaged in Government of India (GoI) projects of national importance, such as ASCON, BharatNet, Network for Spectrum, Smart Energy Meters, Space Programs and various E-governance projects.

Financial Highlights: The revenue from operations declined by 46.5 percent to Rs. 543 crore in Q2 FY26 from Rs. 1,016 crore in Q2 FY25 and reported a loss of Rs. 54 crore in Q2 FY26. Accompanied by Negative ROE of -16.2 percent and ROCE of -1.33 percent.

Written by Gourav Pratap Singh

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