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ITI Ltd secures Rs 64 crore contracts for Wi-Fi and CCTV systems

Synopsis:

ITI Ltd secured contracts worth Rs 64 crore, including Rs 35 crore for campus-wide Wi-Fi & LAN at Sambalpur University and Rs 29.14 crore for an integrated CCTV security system at six Mumbai railway stations.

ITI Ltd news today

ITI Limited, a state-run telecom product manufacturer, has won contracts worth Rs 64 crore. These include a Rs 35-crore project for Wi-Fi & LAN setup at Sambalpur University, Odisha, and a Rs 29.14-crore integrated security system for six Mumbai railway stations under Central Railways.

Also read: JSW Energy secures LoI for 3.6 GW KSK Mahanadi power plant

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Key Takeaways

  • Sambalpur University Project: Rs 35 crore contract for Wi-Fi & LAN across 80 locations with three years of maintenance.

  • Mumbai Railway Stations Project: Rs 29.14 crore integrated CCTV-based security system at six key stations, including over 1,400 cameras.

  • Timeline: The railway project to be completed within 12 months.

  • Annual Maintenance: Five years of support after the warranty period.

Also read: BEL secures new orders worth Rs 561 crore, boosting FY25 order book

Project Details

The Sambalpur University contract involves setting up campus-wide Wi-Fi and LAN across 80 locations, enhancing both network security and accessibility. ITI will supply and install a secure wireless controller with advanced features, including user authentication and restricted access for unauthorised users.

The Central Railways contract focuses on implementing an IP-based video surveillance system at six stations: Chhatrapati Shivaji Maharaj Terminus, Dadar, Kurla, Lokmanya Tilak Terminus, Thane, and Kalyan. This project includes installing over 1,400 cameras, with annual maintenance for five years following the three-year warranty.

Contract Details

Value (Rs Crore)

Scope of Work

Sambalpur University

35

Wi-Fi & LAN across 80 locations

Central Railways (Mumbai)

29.14

CCTV-based security system at 6 stations

Total

64

 

Impact On ITI Share Price

Despite these significant contracts, ITI share price closed at Rs 421.30 on Monday, marking a 4.99% drop. However, these projects highlight ITI’s growing role in delivering advanced ICT and security solutions, potentially influencing the ITI share price positively in the long term.

ITI Limited’s latest projects underscore its ability to cater to diverse sectors with advanced technology solutions, reinforcing its market presence in the ICT and security domains.

Also read: HCL Tech expands partnership with Microsoft to transform contact centres

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