ITI Share Price in Focus; Wins ₹167 Crore Contract in Maharashtra

ITI Limited wins a ₹167 crore contract from the Maharashtra government to establish, operate, and maintain Aaple Sarkar Seva Kendra across various regions. The project aims to enhance digital services and governance, the company said in a press release on the stock exchange.

Contract Details

ITI Limited, India’s first PSU post-independence, has won a ₹167 crore contract from the Rural Development Department of Maharashtra.

The project involves setting up, operationalizing, and monitoring Aaple Sarkar Seva Kendras (ASSK) in the Gram Panchayats across Chatrapathi Sambhaji Nagar, Nagpur, and Amaravati regions. It also includes a one-year maintenance plan.

Empowering Rural Development

Rajesh Rai, Chairman and Managing Director of ITI Limited, expressed his enthusiasm, stating that the project will assist the government in providing efficient and transparent citizen services, fostering rural development.

By deploying e-governance platforms like Aaple Sarkar Seva Kendras, ITI aims to offer accessible and efficient services to citizens, ensuring greater transparency in governance. ITI is also exploring opportunities for similar projects across other states to further leverage its IT expertise in driving digital governance.

Recent Business Development

ITI Limited, India’s first PSU post-independence, has ventured into the Security Systems and Education/ICT sectors with two significant contract wins. The company secured a ₹35 crore contract from Sambalpur University in Odisha for the installation of Wi-Fi and LAN at 80 locations across the university campus.

This project will provide seamless internet and intranet access, along with three years of maintenance services. Additionally, ITI Limited has won a ₹29.14 crore contract from Central Railways in Mumbai to install an integrated security system, including an IP-based video surveillance system at six railway stations. These contracts reflect ITI’s growing expertise and expansion into new domains.

ITI Share Price Performance

ITI share price dropped by 3.88%, trading at ₹352.25 at 4:05 PM on the NSE. The stock opened lower at ₹365.85 compared to the previous close of ₹366.45. This marks the second consecutive day of losses, following a 4.4% decline yesterday.

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