ITI Limited, country's first PSU post-independence and premier telecom manufacturing company has received a contract worth around Rs. 95 Crores from Directorate of Geology & Mining, Government of Uttarakhand for Mining Digital Transformation & Surveillance System (MDTSS) project. The Uttarakhand Government envisaged this project for effective prevention of illegal mining and mineral transportation and to increase its revenue in the state.
As part of this contract, ITI Limited will be the work agency for development, implementation and maintenance of Mining Digital Transformation & Surveillance System (MDTSS) in the districts of Dehradun, Haridwar, Udham Singh Nagar, and Nainital. Accordingly, an MoU of Rs 95 Crs for five years has was signed between ITI Limited and Government of Uttarakhand. The systems will be installed at 40 check gates across Dehradun, Haridwar, Nainital, and Udham Singh Nagar. Dehradun will have 8 check gates, Haridwar 13, Nainital 10, and Udham Singh Nagar 9.
The new system equipped with bullet cameras, RFID radars, and LED floodlights will not only help monitor illegal mining activities but also boost the state government's revenue. Besides, a Mining State Control Centre (MSCC) will be set up in Dehradun, along with mini command centres at district headquarters in Dehradun, Haridwar, Nainital, and Udham Singh Nagar.
Speaking on this new contract win, Mr. Rajesh Rai, Chairman and Managing Director, ITI Limited, said, "It gives me a great sense of satisfaction to see that the Government of Uttarakhand has selected ITI as its technology partner inits efforts to curb illegal mining. ITI will leverage its strong technology domain expertise to help Uttarkhand Government achieve its objectives. We are also exploring such projects with other states where we can help them."
Mr. Rai added - "Tllegal mining can lead to deforestation, soil erosion, and water pollution and can result in the destruction of habitats for wildlife, which can have serious ecological consequences. It can cause significant economic impact as there will be loss of revenue for governments due to tax evasion. So we are elated to help state Governments in addressing such social issues."
Recently, ITI Limited with its consortium partner has emerged as the Lowest Bidder (L1) for Package Nos. 8, 9, and 15 of BharatNet Phase-3 Project comprising Arunachal Pradesh, Nagaland, Manipur, Himachal Pradesh, West Bengal, and Andaman & Nicobar Islands with a total order value of Rs. 4559 Crores.
Shares of ITI Limited was last trading in BSE at Rs. 291.90 as compared to the previous close of Rs. 291.25. The total number of shares traded during the day was 568214 in over 10552 trades.
The stock hit an intraday high of Rs. 301.60 and intraday low of 287.85. The net turnover during the day was Rs. 166936497.00. |
