ITI Limited has informed the Exchange regarding a press release dated July 02, 2025, titled "ITI Limited Wins Orders worth Rs. 88 Crores in Odisha and Chhattisgarh".
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Awaiting price reaction for this filing.
ITI Limited has won three contracts collectively worth around Rs. 88 Crores from state government agencies in Odisha and Chhattisgarh. The largest order is Rs. 54 Crores from the Cuttack Development Authority for setting up CCTV surveillance cameras and traffic signal systems, including 5 years of maintenance. A second contract worth Rs. 23.05 Crores from the same authority covers a GIS-based Land Intelligence Management System using Ground Penetrating Radar. The third order, worth Rs. 11.72 Crores, is from Chhattisgarh Infotech Promotion Society (CHiPS) for upgrading WLAN/LAN infrastructure at Mantralaya and HoD Bhawan in Nava Raipur. All three contracts are part of e-governance and smart-city digital infrastructure projects.
Positive for the stock in the short term as it adds Rs. 88 Crores to the order book from credible government clients, strengthening revenue visibility. Since ITI is a government PSU, these wins reinforce its positioning as a go-to partner for state-level digital infrastructure projects, though margins on PSU contracts are typically modest.