• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

Telecom tech firm ITI’s loss widens to ₹102 crore

Juliet Woodard by Juliet Woodard
September 28, 2020
Home Business
Share on FacebookShare on Twitter

Public sector undertaking ITI Ltd. on Monday reported a net loss of ₹102.29 crore for the quarter ended June 30, compared with the ₹61 crore loss a year earlier. “We faced headwinds from the nationwide lockdown during April-June quarter,” said Rakesh Mohan Agarwal, CMD.“Our factories were under a complete lockdown for the first 20 days of the quarter,”he added.During the quarter, ITI recorded a revenue of ₹165 crore, or 2.5% more than the year-earlier period. Of this, 56% came from services and 42% from turnkey projects, it said in a filing. Mr. Agarwal said during the quarter, ITI signed an MoU with Tech Mahindra for the creation of next-generation wireless network. The synergistic benefits derived from this collaboration would help India to become self-sufficient in telecommunications. The company also forged a similar collaboration with TCS to provide various IT-enabled services.“More such tie ups are in the pipeline. We received a letter of intent and order from Bharti Airtel for fibre-to-the-home (FTTH) roll-out in eight circles,” he said. “We have also signed a transfer of technology agreement with Defence Research & Development Organisation to manufacture portable ventilators at its manufacturing plants,” he added.ITI’s total order book, including advance purchase orders, as at September stood at over ₹11,000 crore.

A letter from the Editor
Dear subscriber,Thank you!Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.Suresh Nambath

Tags: ITI
Juliet Woodard

Juliet Woodard

Next Post
Flipkart Big Billion Days Teased, Coming Soon With Offers, Huge Deals on Mobiles, Electronics, and More

Flipkart Big Billion Days Teased, Coming Soon With Offers, Huge Deals on Mobiles, Electronics, and More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Q3 Shows NYC Real Estate Pulling Out Of The Q2 Downturn

Q3 Shows NYC Real Estate Pulling Out Of The Q2 Downturn

October 31, 2020
Paytm brings back UPI cashback, scratch cards

Paytm brings back UPI cashback, scratch cards

September 28, 2020

Trending.

Understanding Emergency Rental Assistance For Landlords And Tenants

Understanding Emergency Rental Assistance For Landlords And Tenants

January 27, 2021
Webinar on weather and its impact on business on November 19

Webinar on weather and its impact on business on November 19

November 16, 2020
NPPA caps price of liquid medical oxygen, medical oxygen cylinders

NPPA caps price of liquid medical oxygen, medical oxygen cylinders

September 26, 2020
Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

November 1, 2020
WeWork May Use A SPAC To Finally Go Public, Report Says

WeWork May Use A SPAC To Finally Go Public, Report Says

January 28, 2021

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus Covid COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

Mortgage Interest Rates Barely Move Above Lowest Levels On Record

Mortgage Interest Rates Rise Sharply

February 27, 2021
Expansive Yet Intimate Southern Living

Expansive Yet Intimate Southern Living

February 27, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.