President of India-backed telecom stock hit upper circuit as company is to launch India’s first AI-powered road safety pilot in Uttar Pradesh

On Wednesday, shares of ITI Ltd hit a 5 per cent upper circuit to Rs 302.85 per share compared to the previous closing of Rs 289.65 per share. The shares of the company saw a spurt in volume by more than 10 times on the BSE.

ITI Limited, India's first PSU post-independence and a premier telecom manufacturing company, is set to launch an Artificial Intelligence (AI) and Big Data Analytics-driven pilot project in Uttar Pradesh. Partnering with mLogica, a technology firm, this initiative aims to significantly reduce road accidents and enhance enforcement efficiency. The project will establish a scalable analytics foundation to collect and analyse multi-source data, including traffic flow, environmental conditions, driver performance, vehicle data, accident reports, and road infrastructure details at accident points, to comprehensively address road safety challenges.

The project anticipates several key outcomes, such as identifying the true causes of accidents and fatalities, pinpointing high-risk "black spots" that require preventative strategies, and recognising conditions that increase the likelihood of severe incidents. It will also facilitate real-time risk prediction, data-driven recommendations for policy enhancements and infrastructure improvements, and offer a virtual environment to simulate various preventative models along with their costs for informed decision-making. A real-time monitoring environment will assess progress towards identified goals, ultimately improving public safety through targeted interventions.

With the Union Ministry of Road Transport and Highways (MoRTH) approval, ITI Limited and mLogica are authorised to begin immediate coordination with the Uttar Pradesh Government. A six-week prototype phase will consolidate various data sets to develop AI models for predicting accident black spots, identifying root causes, and generating real-time policy dashboards. Following a successful trial, the AI system will be integrated into core transport functions. ITI Limited has extensive experience in e-governance, recently securing CCTV surveillance and GIS-based Land Intelligence Management System contracts worth around Rs 88 crore in Odisha and Chhattisgarh.

About the Company

ITI Limited is a major organisation in the telecommunication 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. President of India’s portfolio gains Rs 12,52,46,52,363 in just 1 day (86,67,57,949 shares x Rs 14.45 per share gain today). The stock is up by 45 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.