ITI Limited has secured a major infrastructure development contract worth ₹72.76 crores for the construction of an ice hockey rink facility in Kaza, located in the Lahaul & Spiti district. This significant project win marks an important milestone for the company as it expands its portfolio into specialized sports infrastructure development.

Project Overview

The ice hockey rink project represents a substantial investment in sports infrastructure for the remote mountainous region of Lahaul & Spiti. The facility is designed to serve the local community and promote winter sports development in the area.

Technical Features and Infrastructure

The project incorporates modern infrastructure elements designed for the challenging geographical conditions of the region. A notable feature of the facility is the integration of solar power backup systems, which will ensure reliable energy supply for the ice hockey rink operations. This sustainable energy solution is particularly significant given the remote location and potential power supply challenges in the mountainous terrain.

Strategic Significance

This contract win demonstrates ITI Limited's diversification capabilities beyond its traditional telecommunications sector operations. The company's ability to secure specialized infrastructure projects showcases its technical expertise and project execution capabilities in diverse sectors.

The ice hockey rink project will contribute to sports infrastructure development in Lahaul & Spiti, potentially boosting winter sports activities and tourism in the region. The facility's modern amenities and sustainable power solutions align with contemporary infrastructure development standards.

Company Expansion

The successful bid for this sports infrastructure project highlights ITI Limited's strategic expansion into new market segments. The company's involvement in specialized construction projects demonstrates its growing presence in the infrastructure development sector, complementing its established telecommunications business operations.

ITI Limited has issued an official clarification regarding recent media reports about its land monetization plans in Bengaluru. The company responded to BSE surveillance queries about news reports suggesting the sale of a 91-acre land parcel to raise ₹3,473.00 crores.

Official Company Response

In a filing dated December 22, 2025, ITI Limited clarified that no information regarding land monetization was directly shared with media outlets including Moneycontrol.com. The company stated that published information might have originated from replies to Lok Sabha questionnaires submitted through the Ministry of Communications.

Land Monetization Framework

The company confirmed that certain land parcels have been identified for monetization in accordance with Government of India directions and guidelines. The process aims to facilitate settlement of bank loans and pending statutory dues. However, ITI emphasized that the monetization process is being undertaken by the National Land Monetization Corporation (NLMC) and remains in preliminary stages.

Regulatory Compliance Statement

ITI Limited reaffirmed its commitment to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that it always intimates stock exchanges about events that might impact market conditions. As of the filing date, ITI confirmed no pending matters requiring disclosure to stock exchanges that could affect price or volume behavior.

Market Impact Disclaimer

The company addressed recent trading activity, stating that share price movements and trading volumes are based on market speculation in response to social media articles. ITI clarified that it is not responsible for any increase or decline in share volume, price, or stock market condition changes related to these reports.

This clarification provides transparency regarding the actual status of ITI's land monetization initiative, distinguishing between preliminary identification of assets and actual transaction execution.