ITI Limited , India's premier telecom manufacturing company, has received recognition from the Indian Space Research Organisation (ISRO) for its significant contribution to the successful launch of the NISAR (NASA-ISRO Synthetic Aperture Radar) satellite. The satellite was launched on July 30, 2025, using the GSLV F16 rocket from the Satish Dhawan Space Centre in Sriharikota.

ITI's Role in the NISAR Mission

ITI Limited's Palakkad unit played a crucial role in the mission by fabricating and testing critical components for the satellite launch. The company delivered:

• 28 Avionics Packages
• 18 HMSA (Head-end Mounted Safe Arm) packages

These components were successfully integrated into the NISAR satellite and the GSLV F16 rocket, contributing to the mission's overall success.

ISRO's Appreciation

Ms. Sheena Abraham, Group Director of Electronics Production Group, ESAE (ISRO - Electronics Systems Actuators Entity), commended ITI's efforts, stating, "We laud the efforts of Team ITI, Palakkad in the fabrication and testing of some of the Avionics Packages for GSLV F16. We commend ITI's role and dedication in making this mission a grand success and envisage its support in all future ventures."

Significance of the NISAR Mission

The NISAR satellite is a joint Earth-observing mission between NASA and ISRO, designed to study changes on the Earth's surface in fine detail using dual-band radar. With an estimated cost of US$1.50 billion, NISAR is poised to be the world's most expensive Earth-imaging satellite, highlighting the mission's importance and complexity.

ITI's Commitment to Space Technology

Mr. Rajesh Rai, Chairman and Managing Director of ITI Limited, expressed pride in the company's achievement, saying, "It is a very proud moment for ITI Limited, to receive this Appreciation from ISRO. We have state-of-the-art manufacturing capabilities and the fact that ISRO has consistently reposed its trust on ITI is a shining testimony to the top-quality work ITI Palakkad Unit has been delivering."

ITI Limited has previously supported ISRO in various missions, including:

• LVM3 M2/OneWeb India-1 Mission
• Chandrayaan
• Mangalyaan
• Aditya L1

The company looks forward to partnering with ISRO on future missions, including the prestigious Gaganyaan manned mission.

ITI's Diverse Portfolio

As a multi-unit central public sector undertaking, ITI Limited offers a wide range of telecom products and solutions. The company has manufacturing facilities in six locations across India and is diversifying into sectors such as defense, railways, solar equipment, and IT services. ITI Limited also operates a state-of-the-art Data Centre in Bengaluru, offering services to government institutions, banks, and other organizations.

The successful contribution to the NISAR satellite launch further solidifies ITI Limited's position as a trusted partner in India's space technology sector and showcases the company's commitment to technological advancement and innovation.

ITI Limited , a state-owned telecommunications equipment manufacturer, has reported a net loss of Rs 6,332.00 lakhs for the quarter ended June 30, according to the company's latest financial results. This represents a significant improvement from the loss of Rs 9,108.00 lakhs recorded in the same period last year.

Revenue and Expenses

The company's revenue from operations decreased to Rs 49,801.00 lakhs, down from Rs 51,998.00 lakhs year-over-year, indicating a challenging market environment. Total expenses for the quarter stood at Rs 57,076.00 lakhs, surpassing the total revenue of Rs 51,105.00 lakhs.

Financial Performance

ITI Limited's performance in the first quarter shows signs of financial strain:

The company's basic and diluted earnings per share remained negative at Rs 0.65 for the quarter.

Government Support and Order Book

ITI Limited continues to operate under a government revival plan. The company has received Rs 3,02,535.00 lakhs out of the approved financial assistance of Rs 4,15,679.00 lakhs, demonstrating ongoing government support.

Despite the quarterly loss, ITI maintains a substantial order book worth Rs 19,158.00 crores under execution. This includes the significant ASCON Phase IV project valued at Rs 8,280.36 crores with the Ministry of Defence, which could potentially bolster future revenues.

Auditor's Observations

The company's auditors have issued a disclaimer of conclusion, citing various compliance and operational concerns across multiple units. These issues include:

• Overdue receivables from government entities and public sector undertakings
• Concerns about inventory valuation and obsolescence
• Delays in payments of statutory dues, including provident fund contributions
• Unbilled revenue and pending lease agreement renewals

Outlook

While ITI Limited faces significant challenges, the substantial order book and continued government support provide some optimism for future performance. The company's ability to execute its ongoing projects efficiently and address the auditors' concerns will be crucial for its financial recovery and growth in the coming quarters.

Investors and stakeholders will be closely monitoring ITI's progress in implementing its revival plan and improving operational efficiency to return to profitability.