ITI Limited Bags LoIs worth Rs. 37.5 Cr for Solar Street light Systems in Bihar
![ITI Limited Bags LoIs worth Rs. 37.5 Cr for Solar Street light Systems in Bihar](https://www.psuconnect.in/sdsdsd/ITI_Limited_Bags_LoIs_for_Solar_Street_light_Systems_in_Bihar.jpg)
Bengaluru/Naini: ITI Limited, the country’s first PSU post-independence and premier telecom manufacturing company has received LoIs worth Rs. 37.5 Crores from Bihar Renewable Energy Development Authority (BREDA) for the installation of Solar Street light Systems.
Details of the LOIs
ITI Limited’s Naini Unit has received an LOI for Design, Supply, Installation, Testing, and Commissioning with a Comprehensive Maintenance Contract (CMC for 5 years) including Remote Monitoring System (RMS) of 2800 numbers of Solar Streetlight Systems from DPRO Katihar amounting to Rs. 8.58 Cr under Mukhyamantri Gramin Solar Street Light Yojana.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYITI Limited’s Naini Unit has received another LoI for Design, Supply, Installation, Testing, and Commissioning with a Comprehensive Maintenance Contract (CMC for 5 years) including Remote Monitoring System (RMS) of 9440 numbers of Solar Street light Systems from DPRO Katihar amounting to Rs. 28.94 Cr under Mukhyamantri Gramin Solar Street Light Yojana.
The above-mentioned systems are to be installed under the supervision of Bihar Renewable Energy Development Authority (BREDA) and the major Components of the Solar Street light Systems are Solar PV Module, Solar Batteries, LED Luminaries, Mounting Structures, Balance of System (BOS).
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsCommenting on the partnership, Mr. Rajesh Rai, Chairman and Managing Director, ITI Limited, said, "ITI Limited is proud to partner with Government of Bihar’s BREDA to help illuminate streets with sustainable solar energy. This project is a testament to our commitment to sustainability and creating vibrant rural environments. The project adds to the aesthetics there and provides cutting-edge lighting solutions for a greener tomorrow.”Mr. Rai added -
“ITI Limited has acquired rich experience of successfully supplying and installing Solar Street Light System in the state of Bihar since last year.”
ITI Limited’s Naini Unit is already manufacturing solar panels which can harness solar power up to 400W. In terms of yearly production, Naini Unit manufactures solar panels, which can harness 18 Mega Watt (MW) of solar energy that comes to around 55,000 panels per year. With the enhanced capacity (500 MW), the unit will start manufacturing around 15,00,000 panels per year.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh