15 Jan, EOD - Indian

SENSEX 76724.08 (0.29)

Nifty 50 23213.2 (0.16)

Nifty Bank 48751.7 (0.05)

Nifty IT 43401.25 (0.79)

Nifty Midcap 100 53899 (0.41)

Nifty Next 50 63639.55 (0.88)

Nifty Pharma 21972.7 (-1.04)

Nifty Smallcap 100 17353.95 (0.56)

15 Jan, EOD - Global

NIKKEI 225 38444.58 (-0.08)

HANG SENG 19286.07 (0.34)

S&P 5941.4 (1.60)


Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(19 Nov 2024, 09:46)

ITI bags 5-year work contract from Uttarakhand Govt. worth Rs 95 crore

ITI said that it has received a contract worth Rs 95 crore from Directorate of Geology & Mining, Government of Uttarakhand, for Mining Digital Transformation & Surveillance System (MDTSS) project.


The Uttarakhand Government envisaged this project for effective prevention of illegal mining and mineral transportation and to increase its revenue in the state.

As part of this contract, ITI will be the work agency for development, implementation and maintenance of Mining Digital Transformation & Surveillance System (MDTSS) in the districts of Dehradun, Haridwar, Udham Singh Nagar, and Nainital.

Accordingly, an MoU of Rs 95 crore for five years has was signed between ITI and Government of Uttarakhand. The systems will be installed at 40 check gates across Dehradun, Haridwar, Nainital, and Udham Singh Nagar.

The new system equipped with bullet cameras, RFID radars, and LED floodlights will not only help monitor illegal mining activities but also boost the state government’s revenue.

Besides, a Mining State Control Centre (MSCC) will be set up in Dehradun, along with mini command centres at district headquarters in Dehradun, Haridwar, Nainital, and Udham Singh Nagar.

Rajesh Rai, chairman and managing director, ITI, said: “It gives me a great sense of satisfaction to see that the Government of Uttarakhand has selected ITI as its technology partner in its efforts to curb illegal mining.

ITI will leverage its strong technology domain expertise to help Uttarkhand Government achieve its objectives. We are also exploring such projects with other states where we can help them.”

ITI, a multi-unit central public sector undertaking, is a total solutions provider in telecommunications segment. The company offers complete range of telecom products covering the whole spectrum of switching, transmission, and access & subscriber premises equipment.

On a consolidated basis, ITI reported net loss of Rs 70.33 crore in Q2 FY25 as against net loss of Rs 126.01 crore in Q2 FY24. Net sales soared 312.30% year-on-year to Rs 1,016.20 crore in Q1 June 2024.

The scrip rose 0.84% to currently trade at Rs 293.7 on the BSE.


More News
More Company News View Company Information

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +