ITI Bags Rs 95 Crore Order, Shares in Focus

19 Nov 2024 , 10:11 AM

As the business stated that it has obtained an order of Rs 95 for a Mining Digital Transformation & Surveillance System (MDTSS) project from the Directorate of Geology & Mining, Government of Uttarakhand, shares of ITI will continue to be the focus of Tuesday’s session.

The Directorate of Geology & Mining, Government of Uttarakhand, awarded a contract worth around Rs 95 crores to ITI Limited, the nation’s first PSU after independence and leading telecom manufacturing company, for the Mining Digital Transformation & Surveillance System (MDTSS) project.

According to the company’s exchange filing, the Uttarakhand government envisioned this project as a way to effectively prohibit illicit mining and mineral trafficking while also boosting the state’s revenue.

The company will be responsible for the creation, installation, and upkeep of the MDTSS in the districts of Dehradun, Haridwar, Udham Singh Nagar, and Nainital as part of this contract.

In addition to helping to monitor illicit mining activities, the new system, which is outfitted with bullet cameras, RFID radars, and LED floodlights, will increase state government revenue.

In addition to minor command centres at district headquarters in Dehradun, Haridwar, Nainital, and Udham Singh Nagar, a Mining State Control Centre (MSCC) would be established in Dehradun.

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