The Exchange has sought clarification from ITI Limited with respect to recent news item captioned ITI Limited Floats Tender For 100 MW, 250 MW, And 500 MW Solar PV Module Manufacturing Line At Naini Unit In Prayagraj. The response from the Company is attached.
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ITI Limited has confirmed to NSE that it is in the process of setting up a solar PV module manufacturing line (100 MW, 250 MW, or 500 MW capacity) at its Naini Unit in Prayagraj. The project is currently at the Request for Proposal (RFP)/tendering stage and no order has been finalized yet. A similar tender was floated in March 2025 but did not materialize because bid rates were too high, and a fresh tender has now been issued. The company stated that since the project is only at the RFP stage, no disclosure under SEBI Regulation 30 was triggered, and there is no material impact on the company at this point.
The announcement is procedural and largely confirmatory — it does not signal a confirmed capex commitment or new revenue stream yet. For shareholders, the key takeaway is that ITI's solar manufacturing plans remain in early stages with execution risk, as the previous attempt failed due to high bid costs.