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Showing posts with label ITI Limited. Show all posts
Showing posts with label ITI Limited. Show all posts

ITI Limited Records a Turnover of Rs. 2051 Crore for the Year 2018-19

Bengaluru, April 12, 2019: ITI Limited, a Public Sector Undertaking under DoT announced the turnover of Rs. 2051 Crore (unaudited) for the financial year ended on March 31, 2019 (corresponding figure for the financial year 2017-18 was Rs. 1703 Crore).

The Company has posted 20% growth in revenue during 2018-19 as compared to 5.7% during 2017-18.

Highlighting the company’s achievement for the year 2018-19, Shri K Alagesan, Chairman & Managing Director, ITI Limited said, “It is yet another year of accomplishment for ITI and this signifies ITI’s commitment for sustained growth. We believe that the positive and motivating measures have really yielded good results. For the new financial year, we believe that we have a sound order book and I hope to achieve much better results. Company’s performance for current financial year has invigorated us to further strengthen our business verticals like Smart Energy Meters, ICT-IOT, Mini PC manufacturing, Data Center hosting services, manufacturing of Rupay and Master cards with a focus on design and development of indigenous products and technologies. This is in addition to manufacturing of wide range of communication products, secured communication products for defence and manufacturing & component screening services for Indian space programs.

With interalia, the Revival Package support from Government of India, execution of BharatNet phase 2 projects and rejuvenated manpower, the turnover of the company has improved.

ITI Limited Celebrates 69th Republic Day of India

ITI Limited celebrated 69th Republic Day of India on 26th January 2018 with great fervor and enthusiasm at its Corporate Office in Bengaluru as well as in all units across the country.

The function began with the invocation song by ITI Central School students. Shri S. Gopu, CMD, ITI Limited, unfurled the national flag in the presence of Directors, Staff Members, Senior Executives, Representatives of Officers Association and Employees Union.

Speaking on the occasion, Shri S. Gopu informed about the performance of the company for the last one year. He said that ITI is now heading towards a great financial year 2017-18 as the company has won Rs 8000 Cr deal of Army Static Switched Communication Network (ASCON) from the Ministry of Defence, Rs 800 Cr order for the supply of Smart Energy Meters from Energy Efficiency Services Limited (EESL) and has achieved a significant milestone for outstanding performance in Government of India’s flagship project “BharatNet”. He congratulated employees for exceptional performance of the company and urged them to be the change for ITI as well as for the nation.

On the occasion, Shri S. Gopu awarded ITI employees for their outstanding performance in their respective areas followed by the felicitation of ITI support staff in gardening by Shri K Alagesan, Director, Production & Marketing.