ITI Limited’s share price surged nearly 3% in early trading on August 30 after the company announced a new order from the State Election Commission (SEC) of West Bengal. The order involves the supply of 500 sets of Multi Post Electronic Voting Machines (EVMs), designed and developed by ITI Limited. These EVMs are to be used for local body elections across various levels, including Gram Panchayats, Municipalities, and Corporations.
Shares of ITI were trading at Rs 307.90, up by Rs 8.15 or 2.72% at 09:26 am on the BSE.
These machines can also be used as single post machines for Lok Sabha and Assembly elections. ITI Limited will manufacture these machines at its factories based on the specifications approved by the standing committee of State Election Commissioners. The order is likely to be delivered in less time to meet the commitments made to the West Bengal SEC.
During the June quarter of 2024, ITI Limited has managed to reduce its net loss to Rs 91.31 crore.
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com
Source: Moneycontrol
News Desk
