BAJAJ BROKING
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.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Standard Deviation: Meaning, How To Use and Calculate
14 Dec, 2024 | 5 Min. read
Business Forecasting: Definition, Methods, and Models
14 Dec, 2024 | 8 Min. read
Modern Portfolio Theory (MPT): Definition, Types & How To Use
14 Dec, 2024 | 8 Min. read
ASM & GSM Meaning - List of ASM & GSM Stocks
14 Dec, 2024 | 7 Min. read
Bollinger Bands: Meaning, How To Interpret and Use
14 Dec, 2024 | 7 Min. read
Hedging: Meaning, Types, Risks and Strategie
14 Dec, 2024 | 6 Min. read
Nifty Healthcare Index
14 Dec, 2024 | 1 Min. read
What Is Nifty BeES? A Guide to Its Benefits and Working
14 Dec, 2024 | 6 Min. read
Moving Averages Indicator: Variations & Examples
13 Dec, 2024 | 4 Min. read
Learn Everything About Breakout Trading
13 Dec, 2024 | 9 Min. read
Gold Price in India | Gold Drops 1% After Reaching Five-Week High
13 Dec, 2024 | 39 Min. read
Statement of Account and Demat Account: Meaning & Differences
13 Dec, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading