ITI Limited wins Rs 856.39 crore 4G expansion order from BSNL

What ITI Limited announced

On 16 July 2026, ITI Limited disclosed that it has secured a new work order from Bharat Sanchar Nigam Limited (BSNL) for the expansion of the latter’s 4G mobile network in the West Zone of India. The contract is valued at Rs 856.39 crore and covers 7,613 sites on a turnkey basis, encompassing planning, engineering, supply, installation, testing and commissioning.

"It is a very proud moment for ITI Limited as our prestigious client BSNL continues to repose great trust in ITI Limited’s execution capability," said Mr Rajesh Rai, Chairman and Managing Director of ITI Limited.

The announcement was filed with the Bombay Stock Exchange under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) on the same day.

Details of the BSNL Phase IX expansion order

The newly awarded order forms part of BSNL’s Phase IX 4G rollout, a key pillar of the Indian government’s Atmanirbhar telecom initiative that seeks to achieve self‑reliance by deploying indigenous equipment. The scope includes:

• Planning & RF engineering for optimal network design across the West Zone (Maharashtra, Goa, Gujarat, Chhattisgarh, Madhya Pradesh and Mumbai LSA).
• Supply of 4G radio and transmission equipment manufactured at ITI’s six plants and its in‑house R&D centre in Bengaluru.
• Installation, testing and commissioning of the equipment at each of the 7,613 sites, delivering a fully operational network on a turnkey basis.
• Annual maintenance provisions are expected to be negotiated separately, following standard industry practice.

The contract value of Rs 856.39 crore reflects the comprehensive nature of the work, from design to hand‑over, and is payable as per milestones defined in the agreement with BSNL.

Consortium experience and prior projects

ITI Limited executed the earlier Phase IX.2 project for BSNL in partnership with Tata Consultancy Services (TCS). That turnkey project was worth Rs 2,640 crore and covered 23,633 sites across the same West Zone, delivering RF planning, engineering, supply, installation, testing, commissioning, integration and annual maintenance.

The successful completion of the Phase IX.2 contract has positioned ITI as a trusted partner for BSNL’s future expansions. In addition, ITI is currently executing Bharatnet Phase III projects worth Rs 7,000 crore for BSNL in eight states, including Himachal Pradesh, West Bengal, Andaman & Nicobar, Arunachal Pradesh, Nagaland and Manipur. These concurrent programmes underscore ITI’s deep involvement in the government’s telecom infrastructure push.

Key facts at a glance

Why this matters for investors

The order adds a significant, near‑term revenue stream to ITI’s order book, complementing its existing backlog of large‑scale telecom projects. Because the contract is a turnkey engagement, ITI will capture both product margins (from equipment supply) and service margins (from installation, testing and commissioning). The reliance on indigenous equipment aligns with the government’s policy direction, potentially reducing exposure to foreign exchange risk and import‑related cost volatility.

From a strategic perspective, the win reinforces ITI’s position as a preferred partner for BSNL, a major public‑sector client that accounts for a sizable share of the company’s revenue. Continued execution of high‑value projects such as Bharatnet Phase III further diversifies the revenue base across geography and service type, mitigating concentration risk.

Investors should note that the contract’s payment schedule is milestone‑based, meaning cash inflows will be realised progressively as site‑level completions are certified. No additional capital raising is disclosed in the filing, suggesting the order will be funded from existing working capital and project financing arrangements.

Conclusion

ITI Limited’s Rs 856.39 crore 4G expansion order from BSNL expands its footprint in the West Zone and strengthens its order book ahead of the fiscal year‑end. The contract builds on a proven track record of delivering large‑scale telecom infrastructure for BSNL, including the earlier Rs 2,640 crore Phase IX.2 project. While the order promises incremental revenue, actual cash receipts will depend on milestone achievements and the timely execution of installation and commissioning activities. The filing does not indicate any regulatory approvals pending beyond the standard project clearances.

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FAQs

1. What is the total value of the new BSNL order? The order is valued at Rs 856.39 crore, as stated in the press release dated 16 July 2026.

2. How many sites are covered under this contract? The contract covers 7,613 sites in BSNL’s West Zone.

3. Has ITI worked with BSNL on similar projects before? Yes. ITI, together with TCS, previously executed a Rs 2,640 crore turnkey project for BSNL’s Phase IX.2, covering 23,633 sites in the same region.

4. Are there any other major BSNL projects that ITI is currently handling? ITI is executing Bharatnet Phase III projects worth Rs 7,000 crore for BSNL across eight states, as mentioned in the press release.

5. Will this order require ITI to raise additional capital? The filing does not disclose any need for fresh capital; the order is expected to be funded through existing resources and project‑specific financing.

6. What does the Atmanirbhar telecom initiative imply for this contract? The initiative promotes the use of indigenous equipment. The contract’s focus on locally manufactured 4G gear aligns with this policy, potentially reducing reliance on imports.