ITI shares gain over 5% on securing EVM supply order from Election Commission; check details

In a filing to the stock exchange on August 29, the leading telecom equipment manufacturing company said that it received an order from the SEC in West Bengal to supply 500 EVMs, following a successful demonstration in Kolkata.

ITI Limited designed and built the indigenous multi-post EVM based on SEC and Technical Evaluation Committee specifications, which were approved by the Standing Committee of the West Bengal SEC.

The company informed the bourses that multi-post EVMs can be used for local elections in gram panchayats, municipalities, corporations, and other democratic organisations. The machine can also be used as a single-post machine to satisfy the needs of Lok Sabha and Assembly elections.

The product will be built at ITI Limited's factories according to the Election Commission of India’s technical specifications and delivered on a fast-track basis.

“The product will be manufactured at ITI Limited’s factories complying to the technical specifications of Election Commission, and will be delivered on fast track basis adhering to the quality norms and as per the commitments given to West Bengal SEC,” the company said in a release.

Commenting on the order, Rajesh Rai, Chairman and Managing Director of ITI Limited said, "ITI Limited is delighted to win its first-ever order to manufacture EVMs for the State Election Commission (SEC) of West Bengal. We would like to use this opportunity to re-establish ITI Limited as a technology manufacturer to reckon with as we will be joining the elite list of EVM manufacturers in India.”

ITI Limited shares are trading 2.05% higher at ₹305.25 apiece on the NSE at 1:15 pm.