On behalf of ITI and the Board of Directors, it is indeed an honour and a privilege to share my thoughts with you through the Annual Report 2020-21.ITI BLOCKCHAIN CO, LTD is a Private limited with Share Capital company based in FLAT32 ADVENTURES COURT, 12 NEWPORT AVENUE, LONDON, United Kingdom The.India’s first Public Sector Unit (Post independence) - ITI Ltd was established in 1948. Further, I am pleased to inform you that the Company has complied with the guidelines on Corporate Governance for CPSEs. The Notice related to this Meeting, Director's Report, Audited Annual Accounts together with the Auditor's Report, Comments of the Comptroller and Auditor General of India on the accounts of the Company are already with you and with your permission, I shall take them as read. Warm Welcome to the 71 st Annual General Meeting of ITI Ltd. Working with ITI, I never felt like the most important thing was getting my business to them the most important thing was keeping my business. Kenneth Reynolds, Lifting & Hoisting SME, Shell Exploration & Production Co., Houston, Texas I love working with this organization, I am listened to and understood.
Despite the severe problems posed by the Pandemic which affected material supply, manpower scarcity and transportation hazards, the Company could still make a growth of more than 7%. 2578 Crore, which is the highest in last 11 years, with a Profit After Tax of Rs. Your Company has registered profit for the fourth consecutive year and the Company's performance for the financial year 2020-21 has been remarkable as the Company has clocked a turnover of Rs. LTD.PRAVEENAMRACITC HOTEL, BENGALURUMANJUNATHAMRACITC HOTEL, BENGALURUView 39 more rowsThe Financial Year 2020-21of the Company has been a year of phenomenal success despite challenges due to the pandemic. STUDENT NAMECOURSECOMPANYCHARANMRACDENSO KIRLOSKAR INDUSTRIES PVT. With state-of-the-art manufacturing facilities spread across five locations and a countrywide network of.
This should be a game changer for the Company, and is expected to lead the Company towards total turnaround.ITI Mid Cap Fund Direct Growth is a Equity Mutual Fund Scheme launched by NA. Sustaining the growth in the last 4 years is a rare milestone scaled by the Company. The above parameters truly indicate the positive Networth & development of the Company. As on date our orderbook is around Rs. I am happy to announce that your Company is making continuous efforts to be competitive, win the tenders and re-claim market dominance to be a strong player in the Telecommunications sector of the country.
This is a great feat of the Company as this is the biggest ever order won in the history of the Company. ITI signed contract with Ministry of Defence to execute ASCON Phase IV project which is worth Rs. > In quartz industry ITTI was founded with a simple and ingenious philosophy: to become your preferred strategic supplier for the highest quality CONTACT US >Dear Shareholders, despite problems in this financial year, Company has been successful in winning couple of prestigious orders. The fund currently has an Asset Under Management (AUM) of NA Cr and the Latest NAV as of is 11.76. Pradeep Gokhale is the Current Fund Manager of ITI Mid Cap Fund Direct Growth fund.
37 Crore to provide optical broadband network in the Andaman & Nicobar Islands. We have another Bharat Net project from BBNL worth Rs. We intend to complete this project in 10 months. We have also signed a contract with Indian Air Force for upgradation of their IT facilities which is worth Rs. The Proof of Concept of the project is being monitored closely for early completion.
We are making all out efforts to see that Maha Net project is also closed at the earliest. NFS project is planned to be completed by the year end. Gujnet project execution has been almost completed. We are aggressively participating in the tenders from defence forces for the 5G technology network implementation and have also addressed RFP for setting up a 5G test bed.The trio mega projects of ITI are reaching their completion stage. For the first time in the history of the Company, we have received an order from a private operator for FTTH rollout worth around Rs. 498.52 Crore and PO is expected shortly.
Further, we have also manufactured 20,000 solar panels for the MahaIT project. We have also manufactured nearly 9,000 KMs of HDPE for the ASCON Phase IV project which is under inspection by the customer. We have already supplied 10433 KMs of HDPE duct manufactured in our plant for the BharatNet project being executed by the Company. We are very proud that the products for which the infrastructure was established recently are being used for the projects executed by ITI - exemplifying AatmaNirbharta. 9820 Crore.The infrastructure that has been upgraded from the CAPEX funds have been planned for capacity utilization.
We have plan afoot in setting up a Security Operations Centre (SoC) out of our Data Centre. We are taking up manufacturing of 4G Radios and the infrastructure for the same is being positioned. We have already participated in the EoI for PoC and the same is being carried out at Ambala, Haryana.
Your Company has taken number of initiatives on improving business prospects by transformed strategy for manufacturing, marketing and management of projects.Dear Shareholders you would appreciate that human resource is the foundation for the success of any Company. The expanded Data Centre of ITI is ready to launch the Cloud based services and would help many companies to store data in a secure manner. ITI has created Six Training Centers (TCs) at all the plants of ITI including a Smart Skill Development Centre at Srinagar Plant to promote the Skill India Mission. Further, establishment of Security Lab is also planned.
We expect that all these incentivization will encourage each employee to add more value and contribute more towards the growth of the Company.Even during the lockdown period, the business continuity of the Company kept going. The entire procedure will be firmed up to accommodate more eligible candidates in the promotion process. On the personnel development & motivation, there has been paradigm shift in PRC which has been revamped with 3 stage process for the first time in the history of the Company.
We have to aggressively change our attitude, choose appropriate strategy, and march ahead to stay in the gameDear Shareholders, the current scenario as well as the future plans of ITI look very bright, as we have strong orderbook as on date. Unless we enhance our bottom line in all the projects & products, sustenance in the coming days may turn out to be tough. During the lockdown, Company has also distributed grocery kits to more than 2000 needy families.Though we have made profit in the last four years, our financial problems are still not completely addressed. Through collaboration with DRDO, Company has also developed and manufactured Ultra Violet Disinfection System (UVDS) useful in disinfecting the hospitals and office spaces.
With that, I assure you that, your Company shall continue to make best efforts in sustaining the growth and thereby ensure sustained returns to its stakeholders. Our optimism and resolute efforts will definitely lead us towards enshrined goal of complete revival of your Company. We are emerging as a new leader in the telecom sector. We have built up and strengthened the Company in the last 4 years. Thus our orderbook position for next two to three years is encouraging and Company should never look back.
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