President of India-Backed Telecom Company Receives Final Rs 25 Crore Tranche from C-DOT for 22.258 Acres Land Sale at Rs 200 Crore
The stock is up over 50 per cent from its 52-week low of Rs 210.20 per share.
India's venerable telecom PSU, ITI Limited, has announced the receipt of the final tranche of Rs 25 crore from C-DOT, concluding a long-standing land dispute. This payment is under a revised AMRCD order that stipulates ITI Limited transfer 22.258 acres of land located in Electronic City, Bangalore, to C-DOT via a sale deed for a total consideration of Rs 200 crore. This development, referenced under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, follows up on a previous communication from July 12, 2024, regarding the same matter.
About the Company
ITI Limited is a major organisation in the telecommunication industry that deals with the manufacturing, trading and servicing of telecommunication equipment. The company makes about 78 per cent of its sales from turnkey projects, which include large projects like BharatNet and ASCON. Service offerings make up 19 per cent of sales, including contract manufacturing and equipment testing.
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Manufacturing and trading is 3 per cent, with products like energy meters and IoT devices. The order book of ITI Limited is strong with major projects like Mahanet and Gujnet under BharatNet Phase-2. ITI is a preferred vendor to BSNL and Indian Defence services, state governments and PSUs, being the major clients. ITI has six manufacturing plants in India and has received a large amount of capital from the government for its revival.
The company has a market cap of over Rs 20,000 crore. As of May 2025, the promoters (President of India & Government of Karnataka) own a 90.02 per cent stake, DIIs own 0.04 per cent, the Government own 7.88 per cent and the public owns a 2.06 per cent stake. The stock is up over 50 per cent from its 52-week low of Rs 210.20 per share.
Disclaimer: The article is for informational purposes only and not investment advice.