ITI Ltd registers record turnover, up by 271 pc -Governance Now

ITI Ltd registers record turnover, up by 271 pc

Telecom PSU registers its highest turnover in history at Rs 4,732.43 cr for fiscal year 2009-10

PTI | April 2, 2010

Telecom company ITI Ltd has recorded the highest turnover in its history, registering Rs 4732.43 crore for the year ended March 31, 2010,a huge jump of 271 per cent compared to the previous year's turnover of Rs 1741 crore

"The provisional turnover we achieved this year is more than double its previous high of Rs 2317.63 crore recorded in 2001-02", according to Ravi Agarwal, director (production)

During the year ITI, a government undertaking, established a manufacturing facility for Gigabit Passive Optical Network (GPoN) at its Rae Bareli Plant in U.P. and supplied equipment to the tune of Rs.270 crore to BSNL, a company press release said.

ITI also implemented successfully the National Population Register Project of the Ministry of Home Affairs at its Palakkad plant in Kerala. The ITI-Huawei combine has enabled BSNL to launch 3G Services in the South Zone.

ITI has initiated action for establishment of a joint venture company at its Rae Bareli, Naini and Bangalore Plants for manufacture of WiMAX, GPoN and NGN IP Systems (along with associated equipments).

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