Telecom manufacturing company ITI (NSE:ITI, BOM:523610) has bagged a new five-year contract worth 950 million Indian rupees from the Directorate of Geology & Mining, Government of Uttarakhand, India, according to a Monday filing to the stock exchanges.
Under the contract, ITI will be the work agency for development, implementation and maintenance of Mining Digital Transformation and Surveillance System (MDTSS) in the districts of Dehradun, Haridwar, Udham Singh Nagar, and Nainital in Uttarakhand.
The project is aimed at helping the Uttarakhand government to prevent illegal mining and mineral transportation and to increase its revenue in the state.
Shares of the company were up over 1% in recent trade.
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