ITI Ltd Receives Rs 160 Million From Tax Department

ITI Ltd, a leading public sector enterprise in the telecom equipment manufacturing space, announced that it has received Rs 160 million from the tax department. The development provides a boost to the company’s cash flows, enabling it to continue focusing on operational efficiency and expansion in the communications sector. ITI has been actively working on modernizing its product portfolio and strengthening its role in India’s digital infrastructure initiatives.  

Key highlights from the announcement include  

• Company received Rs 160 million from the tax department.  
• Inflow expected to improve liquidity and support operational requirements.  
• Development reflects positive resolution of pending tax matters.  
• Funds will aid ITI’s ongoing modernization and expansion strategies.  
• Company continues to play a key role in India’s telecom and digital infrastructure ecosystem.  
• Analysts view the inflow as a supportive step for financial stability and growth.  

Industry experts note that the receipt of funds enhances ITI’s ability to pursue new opportunities in telecom and technology manufacturing, reinforcing its importance in India’s digital transformation journey.  

Sources: Reuters, Economic Times, Business Standard