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ITI posts 6-yr high rev at Rs 1621cr

By Anjana Das, New Delhi
17/04/2017   0 Comments

ITI posts 6-yr high rev at Rs 1621cr 

Public  sector  telecom equipment firm Indian Telephone Industries (ITI)  has clocked a consolidated revenue of Rs 1621 crore for the year 2016-17, its highest revenue in the last six  years  and  a 30 per cent increase over the last year.  

 

The surge in revenues shows the revival mode of the company which has been made possible due to undertaking cost – cutting  measures and diversifying into new business activities, Bureaucracy Today has learnt. .

 

Through competitive bidding, ITI CMD S Gopu said  ITI has bagged orders from BSNL, BBNL. It is in the process of getting order from RailTel  for GPON project for the Government flagship project BharatNet  which is providing broadband facilities to over 2.5 lakh gram panchayats in Indian villages.

 

The company is also expecting major orders from ASCON from Defence Ministry and  from BSNL for its North Eastern mobile  (GSM) connectivity project.

 

With the support of Government of India, we are confident of reaching greater heights in the coming years, Gopu said.



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