{"id":5067,"date":"2024-11-19T09:11:41","date_gmt":"2024-11-19T03:41:41","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5067"},"modified":"2024-11-19T09:11:42","modified_gmt":"2024-11-19T03:41:42","slug":"iti-shares-in-spotlight-on-%e2%82%b995-crore-contract-win-in-uttarakhand","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/iti-shares-in-spotlight-on-%e2%82%b995-crore-contract-win-in-uttarakhand\/","title":{"rendered":"ITI Shares in Spotlight on \u20b995 Crore Contract Win in Uttarakhand"},"content":{"rendered":"\n<p>Shares of ITI Ltd would be in the spotlight on November 19 after the company received an order value of \u20b995 crore from the Directorate of Geology &amp; Mining, Government of Uttarakhand. The order is circulated for the MDTSS project regarding illegal mining and to increase the state government&#8217;s revenue.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Project Highlights<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Scope of Work<\/strong>: ITI will handle the <strong>development, implementation, and maintenance<\/strong> of the MDTSS project across four districts: Dehradun, Haridwar, Udham Singh Nagar, and Nainital, covering <strong>40 check gates<\/strong>.<\/li>\n\n\n\n<li><strong>Technology Integration<\/strong>: The system will feature advanced <strong>bullet cameras, RFID radars, and LED floodlights<\/strong> to monitor illegal mining activities effectively.<\/li>\n\n\n\n<li><strong>Control Centres<\/strong>:\n<ul class=\"wp-block-list\">\n<li>A central <strong>Mining State Control Centre (MSCC)<\/strong> will be established in Dehradun.<\/li>\n\n\n\n<li><strong>Mini command centres<\/strong> will operate from district headquarters.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Revenue Implications<\/h3>\n\n\n\n<p>The Uttarakhand Government envisions this initiative to significantly curb illegal mining while bolstering the state\u2019s revenue collection.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Other Updates<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ITI and a consortium partner recently emerged as the <strong>lowest bidder (L1)<\/strong> for several packages of the <strong>BharatNet Phase-3 Project<\/strong>. These packages span Arunachal Pradesh, Nagaland, Manipur, Himachal Pradesh, West Bengal, and Andaman &amp; Nicobar Islands, with a total order value of \u20b94,559 crore.<\/li>\n\n\n\n<li><strong>Financial Performance<\/strong>:\n<ul class=\"wp-block-list\">\n<li>ITI narrowed its consolidated losses to\u00a0\u20b970.3 crore for the September quarter, down from \u20b9126 crore in the year-ago period.<\/li>\n\n\n\n<li>Revenue surged 312.3% YoY to \u20b91,016.2 crore, compared to \u20b9246.5 crore in the same period last year.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>This contract win aligns ITI with the government\u2019s digital transformation goals and showcases its growing foothold in state-driven technology projects.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sub><sup>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/stocks\/iti-share-price-in-focus-on-contract-win-worth-rs-95-crore-in-uttarakhand-12869687.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/stocks\/iti-share-price-in-focus-on-contract-win-worth-rs-95-crore-in-uttarakhand-12869687.html\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of ITI Ltd would be in the spotlight on November 19 after the company received an order value of \u20b995 crore from the Directorate of Geology &amp; Mining, Government of Uttarakhand. The order is circulated for the MDTSS project regarding illegal mining and to increase the state government&#8217;s revenue. Project Highlights Revenue Implications The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[702],"class_list":["post-5067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-iti-share-contract"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5067"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5067\/revisions"}],"predecessor-version":[{"id":5069,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5067\/revisions\/5069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5068"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}