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AISHWARYA₹3.900.00 (0.00%)
AIRTEL₹340.80▼2.05 (-0.60%)
DHANUS₹0.09▲0.01 (12.50%)
FINCABLES₹536.00▼0.95 (-0.18%)
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IDEA₹85.100.00 (0.00%)
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TTML₹7.070.00 (0.00%)
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VINDHYAT₹690.10▲2.40 (0.35%)
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Company ID [BOM:532788]Last trade:₹2.60Trade time:3:15PM GMT+5:30Value change:0.00 (0.00%)
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Teledata

Tele Data

Mobile Subscribers Yearwise comparision

ITI Limited reports a 30 per cent growth in year-on-year revenues for the year ended March 2017

Tuesday, 18 April 2017

State-run telecom equipment firm Indian Telephone Industries (ITI) Limited has reported a consolidated revenue of Rs 16.21 billion for the year ended March 2017, an increase of 30 per cent over the year ended March 2016. Further, the company’s revenues during the year ended March 2017 were the highest in the past six years. The company has attributed the surge in revenues to introduction of prudent financial and austerity measures and diversification into new business areas.

ITI has said that it has bagged various telecom-related contracts through competitive bidding from Bharat Sanchar Nigam Limited (BSNL) and Bharat Broadband Network Limited. Further, the company is also in the process of getting order from RailTel for the supply of gigabit passive optical networks (GPON) equipment for the BharatNet project. It is also expecting major orders from the defence ministry for the Army Static Switched Communication Network (ASCON) and from BSNL for its Northeastern mobile (GSM) connectivity project. The company also plans to explore business opportunities in internet of things, e-governance and information and communications technology.

 
 

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