President of India-backed telecom manufacturing company secures empanelment from Guj Info Petro Limited (GIPL) for two IT implementation projects

ITI Limited, a leading telecom manufacturing company in India, has been empanelled by Guj Info Petro Limited (GIPL) to serve as a System Integrator for two major IT projects. This empanelment, valid for 36 months, is valued at approximately Rs 110 crore. The first project involves implementing modern IT infrastructure solutions for various GIPL projects, and the second focuses on establishing a state-of-the-art Cyber Security Operation Centre (SOC) in Gandhinagar, Gujarat.

The IT infrastructure project will see ITI Limited designing and deploying robust digital environments for government and enterprise clients in Gujarat. Meanwhile, the SOC will be a critical component for GIPL's data centre at Infocity, Gandhinagar. ITI Limited will be responsible for its establishment, monitoring, and management. This centre is intended to safeguard digital assets and ensure secure, uninterrupted services by providing advanced cybersecurity operations.

With these contracts, ITI Limited aims to play a significant role in Gujarat's digital transformation. By driving digital modernisation and fortifying cyber security, the company will support the state's efforts to create a more secure, connected, and digitally empowered governance and business environment. The projects are also expected to raise the standard for proactive cyber risk monitoring and response across Gujarat's digital infrastructure.

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About the Company

ITI Limited is a major organisation in the telecommunications industry that deals with the manufacturing, trading and servicing of telecommunication equipment. The company makes about 78 per cent of its sales from turnkey projects, which include large projects like BharatNet and ASCON. Service offerings make up 19 per cent of sales, including contract manufacturing and equipment testing.

Manufacturing and trading are 3 per cent, with products like energy meters and IoT devices. The order book of ITI Limited is strong with major projects like Mahanet and Gujnet under BharatNet Phase-2. ITI is a preferred vendor to BSNL and the Indian Defence services, state governments and PSUs, being the major clients. ITI has six manufacturing plants in India and has received a large amount of capital from the government for its revival.

The company has a market cap of over Rs 29,000 crore. As of June 2025, the promoters (President of India & Government of Karnataka) own a 90.02 per cent stake, FIIs 0wm 0.01 per cent, DIIs own 0.04 per cent, the Government own 7.88 per cent and the public owns a 2.05 per cent stake. The stock is up over 50 per cent from its 52-week low of Rs 210.20 per share.

Disclaimer: The article is for informational purposes only and not investment advice.