ITI Limited has secured a work order worth Rs 856.39 crore from Bharat Sanchar Nigam Limited (BSNL) for the expansion of 4G mobile network in West India. The contract involves the planning, engineering, supply, installation, testing, and commissioning of 4G infrastructure across 7613 sites on a turnkey basis. This order underscores ITI's role in India's Atmanirbhar telecom initiative, which aims to deploy indigenous 4G equipment to achieve self-reliance in the sector.

Order Details

The awarded contract builds upon ITI's previous execution of the Phase IX.2 project in the West Zone. The following table summarizes the key parameters of the new contract:

Strategic Context

ITI Limited, in consortium with TCS, had previously executed a turnkey project worth Rs 2640 crore for provisioning 4G mobile network under Phase IX.2. That earlier project covered 23633 sites across states including Maharashtra, Goa, Gujarat, Chhattisgarh, Madhya Pradesh, and Mumbai LSA. The new order for expansion and saturation sites follows the successful completion of that extensive deployment.

Mr. Rajesh Rai, Chairman and Managing Director of ITI Limited, highlighted that BSNL continues to repose trust in the company's execution capabilities. He noted that ITI has proved to be an able ally in the country's Atmanirbhar telecom initiatives.

Current Projects

Beyond the 4G expansion, ITI Limited is currently executing Bharatnet Phase III projects worth Rs 7000 crore for BSNL. These projects are underway in Himachal Pradesh, West Bengal, Andaman & Nicobar, Arunachal Pradesh, Nagaland, and Manipur.

ITI Ltd executed the sale deed for 21 acres of land at K.R. Puram, Bengaluru, in favor of the Central Goods and Services Tax Department (CGST), Government of India, for a total consideration of ₹914.31 Crores on July 2, 2026. The transaction, registered with the appropriate state local authority, concludes the sale process that began with the receipt of an Earnest Money Deposit in January 2026. The execution of the release deed enables the transfer of a clear and marketable title for the property situated in Krishnarajapuram Village, Bengaluru East Taluk.

The land parcel was previously mortgaged in favor of SBICAP Trustee Company Limited, acting as Security Trustee for a consortium of lending banks. Following the receipt of funds, the company repaid ₹902.81 Crores toward fund-based borrowings. This repayment was derived from the net total amount received of ₹914.31 Crores, after deducting Income Tax TDS of ₹9.14 Crores and NLMC charges of ₹2.36 Crores.

SBICAP Trustee Company Limited executed a Release Deed dated June 19, 2026, discharging the mortgage and charge over the land. The company had initially disclosed the status of this transaction in its Audited Financial Results for the quarter and year ended March 31, 2026, submitted on May 29, 2026. The sale consideration was finalized and approved by the National Land Monetisation Corporation (NLMC).

Transaction Breakdown

The following table outlines the financial details of the land sale and the utilization of proceeds:

The receipt of No Objection Certificates from the consortium of lending banks preceded the execution of the release deed. The sale is part of the company's strategic asset monetization efforts.