ITI Limited has informed the Exchange regarding a press release dated Jun 30, 2025, titled "ITI Limited Signs Agreement with BSNL for NER-II Package-15 of BharatNet Project worth Rs. 1901 Crores".
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ITI Limited signed an agreement with BSNL, acting as Project Implementing Agency on behalf of USOF, for the NER-II Package-15 of the BharatNet Phase-3 Project valued at Rs. 1,901 Crores. The order is split into Rs. 1,168 Cr capex, Rs. 700.84 Cr opex for the new network, and Rs. 32.21 Cr for maintenance of the existing network, covering Arunachal Pradesh, Nagaland, and Manipur on a Design Build Operate and Maintain (DBOM) model. This follows ITI's emergence as the L1 bidder in November 2024. Together with two earlier packages (Package-8 in Himachal Pradesh and Package-9 in West Bengal & Andaman and Nicobar Islands) worth Rs. 5,055 Crores, ITI's total BharatNet Phase-3 order book has now reached Rs. 6,956 Crores.
This is a major government-backed order that significantly strengthens ITI's order book and provides multi-year revenue visibility, which is positive for the stock. The total Rs. 6,956 Cr pipeline represents a substantial portion of the PSU's annual revenue and reinforces its role in India's telecom infrastructure build-out.