Ra­jasthan govt unit or­der may boost ITI

The Hindu Business Line - - STOCKS -

ITI on Fri­day said it has re­ceived a Let­ter of In­tent from Ra­jCOMP Info Ser­vices, a Gov­ern­ment of Ra­jasthan un­der­tak­ing, to ex­e­cute the Ra­jNet pro­ject, worth about ₹334 crore. Un­der the pro­ject, ITI is ex­pected to es­tab­lish 40,000 out­door Wi-Fi ac­cess points along with as­so­ci­ated RF Ra­dio equip­ment in six months, fol­lowed by op­er­a­tion and main­te­nance of the net­work for five years. Share­hold­ers will closely mon­i­tor the ex­e­cu­tion of the pro­ject.

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