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ITI Limited won its first EVM order, securing 500 sets for the West Bengal State Election Commission after a successful demo. This boosts ITI's manufacturing capabilities. ITI share price closed at ₹299.85 on Wednesday, and the stock has delivered a 154% return in the past year.
State-owned ITI Limited, a leading telecom gear maker, has secured its first order for electronic voting machines (EVMs). The company announced on August 29 that it received an order from the State Election Commission (SEC) of West Bengal to supply 500 sets of multi-post EVMs following a successful demonstration in Kolkata.
ITI’s indigenous ‘multi-post EVM’ was designed and developed according to the specifications finalised by the SEC and the Technical Evaluation Committee.
The EVMs have received approval from a standing committee of state election commissioners, showcasing ITI's commitment to meeting stringent regulatory standards.
The EVMs will be manufactured at ITI’s factories, adhering to the technical specifications outlined by the Election Commission.
ITI has pledged to deliver the machines on a fast-track basis while maintaining high-quality standards as per the commitments given to the West Bengal SEC.
These multi-post EVMs are designed for a broad range of applications, including local body elections at gram panchayats, municipalities, corporations, and other democratic institutions.
Additionally, the EVMs can be configured as single-post machines, making them adaptable for Lok Sabha and Assembly elections, and enhancing their versatility in India’s electoral processes.
On Thursday, ITI share price closed at ₹299.85, marking a 1.48% decline. Despite this, the stock has performed exceptionally well over the past year, delivering a substantial 154% return, more than doubling investors' money.
The robust performance of ITI share price reflects growing market confidence in the company’s strategic direction and its ability to secure significant orders like the EVM contract.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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