ITI Limited Solar Street Light Project: India’s government-owned telecommunications equipment manufacturer, ITI Limited, has received a significant order worth ₹300 crore from the Bihar government for the installation of solar street lights. This project, under the Bihar Renewable Energy Development Authority, will involve installing over 80,000 solar street light systems as part of the Chief Minister’s Rural Solar Street Light Scheme. Along with this major order, ITI Limited’s stock has also provided impressive returns to investors, delivering a 15% return in the last six months.
Highlights:
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- ITI Limited has received a ₹300 crore order for installing solar street lights.
- The project is part of the Bihar Renewable Energy Development Authority’s initiative.
- The company will install over 80,000 solar street lights.
- ITI Limited’s promoters hold a 90% stake in the company.
- The company’s stock has provided a 15% return in the last six months.
| Key Points | Details |
|---|---|
| Total Project Cost | ₹300 crore |
| Number of Solar Street Lights | 80,000+ |
| Scheme Name | Chief Minister’s Rural Solar Street Light Scheme |
| Promoter Stake | 90% |
| Market Cap | ₹28,865.04 crore |
| Company’s Debt | ₹1,875.84 crore |
ITI Limited Solar Street Light Project of ₹300 Crore
The government-owned ITI Limited, known for manufacturing telecommunications and electronic equipment, has recently secured a major order from the Bihar government. This project, under the Bihar Renewable Energy Development Authority, is part of the Chief Minister’s Rural Solar Street Light Scheme. The project aims to install over 80,000 solar street light systems across rural areas of the state, addressing power issues in these regions.
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A Major ₹300 Crore Order
ITI Limited’s position has been significantly strengthened with this ₹300 crore order from the Bihar government. This project is set to play a vital role in the company’s growth. As part of the project, the company will manufacture and install a large number of solar street lights, which will enhance rural infrastructure.
EVM Order from West Bengal
In addition to this, ITI Limited had earlier received another important order from West Bengal. The West Bengal State Election Commission awarded the company a contract for manufacturing electronic voting machines (EVMs). ITI Limited is known for manufacturing a variety of equipment, including mini personal computers, smart cards, solar panels, smart energy meters, and Wi-Fi equipment.
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Strong Stock Performance with Excellent Returns
In the past six months, ITI Limited’s stock has delivered a 15% return, further boosting investor confidence. Despite promoters holding a 90% stake, the company is carrying a debt of ₹1,875.84 crore. However, the company is expected to gradually reduce this debt, which could drive further growth in its stock.
Promoter Stake and Market Cap
ITI Limited’s promoters hold a 90% stake in the company, contributing to its financial stability. Additionally, the company has a market cap of ₹28,865.04 crore, making it an attractive investment option, especially as it works towards reducing its debt burden.
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ITI Limited’s Diverse Operations
ITI Limited is a multifaceted company, producing a wide range of equipment from telecommunications products to modern technical devices. The company manufactures products like mini personal computers, smart cards, solar panels, smart energy meters, and Wi-Fi equipment. This diversity is proving beneficial in securing new orders for the company.
FAQs (Frequently Asked Questions)
What order has ITI Limited received from the Bihar government?
ITI Limited has received a ₹300 crore order from the Bihar government to install solar street lights. Under this project, over 80,000 solar street lights will be installed in rural areas.
How much stake do ITI Limited’s promoters hold?
ITI Limited’s promoters hold a 90% stake in the company, ensuring strong financial stability.
What is ITI Limited’s market capitalization?
ITI Limited’s market cap is ₹28,865.04 crore.
How much return has ITI Limited’s stock provided?
ITI Limited’s stock has provided a 15% return in the last six months.
Has ITI Limited received orders from other states?
Yes, ITI Limited has also received an order from the West Bengal State Election Commission to manufacture electronic voting machines (EVMs).
What types of equipment does ITI Limited manufacture?
ITI Limited manufactures a variety of equipment, including mini personal computers, smart cards, solar panels, smart energy meters, and Wi-Fi equipment.
