Business Update16 May 2024, 10:53 pm
ITI Ltd. Receives LOIs Worth Rs 37.5 Crore for Solar Street Light Systems in Bihar
AI Summary
ITI Ltd., a government undertaking and premier telecom manufacturing company, has received LOIs worth Rs 37.5 crore from Bihar Renewable Energy Development Authority (BREDA) for the installation of Solar Street Light Systems. The company's Naini Unit will carry out the design, supply, installation, testing, commissioning, and comprehensive maintenance for 12,240 solar street lights under two separate LOIs.
Key Highlights
- ITI Ltd. receives LOIs worth Rs 37.5 crore for Solar Street Light Systems in Bihar.
- Total installation of 12,240 Solar Streetlights.
- Two separate LOIs for ITI's Naini Unit.
- Design, Supply, Installation, Testing, and Commissioning included.
- Comprehensive Maintenance Contract (CMC) with Remote Monitoring System (RMS) for 5 years.