ITI Limited Receives Final ₹25 Crore from C-DOT, Concludes ₹200 Crore Bangalore Land Sale

ITI Limited, a government-owned telecom equipment manufacturer, has officially received the final tranche of ₹25 crore from the Centre for Development of Telematics (C-DOT), thereby concluding a significant land transfer deal involving 22.258 acres of land at Electronic City, Bengaluru. This transfer is part of the long-standing dispute resolution under the revised AMRCD (Alternative Mechanism for Resolution of Commercial Disputes) proceedings.

Background of the Dispute

The transaction stems from a protracted land ownership and usage conflict between ITI Limited and C-DOT, two prominent entities in India's public sector technology landscape. Over the years, various government and legal mechanisms were employed to resolve this issue, culminating in a structured and formal decision through the AMRCD, a mechanism instituted to resolve inter-governmental and PSU-related commercial disagreements efficiently.

On July 12, 2024, both BSE and NSE were informed about the developments in the dispute resolution under AMRCD. Subsequently, a revised AMRCD order was issued that laid down the modalities of the resolution.

Key Terms of the Revised AMRCD Order

The revised AMRCD order stipulated that:

• ITI Limited will transfer 22.258 acres of its land in Electronic City, Bangalore, to C-DOT

• The land transfer will be done through a legally binding sale deed

• The total consideration amount for the land was fixed at ₹200 crore

This settlement agreement was structured in tranches, with multiple payments to be made by C-DOT to ITI Limited over a predefined timeline.

Completion of Transaction

As per the latest regulatory disclosure made on June 23, 2025, ITI Limited has now received the final installment of ₹25 crore, marking the completion of the ₹200 crore transaction. The company has stated this final tranche was part of the executed sale agreement and was received in full compliance with the terms of the revised AMRCD proceedings.

This final payment effectively closes the financial chapter of the land dispute between the two parties and allows both entities to focus on their core mandates.

Importance of the Deal for ITI Limited

The land deal is expected to provide multiple strategic benefits to ITI Limited:

1. Strengthening Liquidity: The receipt of ₹200 crore adds substantial liquidity to the company's books, which can be redirected towards operational or expansion initiatives.

2. Resolution of Long-standing Dispute: The closure of this dispute allows ITI Limited to avoid prolonged legal and bureaucratic hurdles, and focus its attention on its telecom and technology ventures.

3. Optimising Asset Usage: The land parcel in Electronic City is prime real estate, and its monetisation ensures that underutilised land is turned into productive capital.

Strategic Significance for C-DOT

For C-DOT, acquiring land in Electronic City serves several strategic interests:

• Expansion of Research and Development: C-DOT can now expand its R&D facilities in India’s IT hub.

• Operational Efficiency: Having physical infrastructure in a technology-rich zone will accelerate C-DOT’s innovation programmes.

• Government’s Vision for Indigenous Tech: This aligns with the Government of India’s larger vision to build a self-reliant digital infrastructure, led by public sector innovation.

Legal and Regulatory Compliance

The company filed this information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring that all stakeholders, including investors and regulators, are promptly informed about major corporate developments.

The update is available on the ITI Limited website: https://www.itiltd.in

This also demonstrates ITI’s commitment to corporate governance and transparent disclosure norms.

Looking Ahead

With the land deal officially closed, ITI Limited can now refocus on its operational transformation, especially in areas such as:

• Telecom manufacturing

• 5G and next-gen communication equipment

• Strategic partnerships with global OEMs

• Execution of government contracts under BharatNet and PM-WANI

The deal also brings ITI in a better position to consider debt restructuring or raise fresh capital if needed, supported by improved balance sheet strength.

Final Remarks

The receipt of the final ₹25 crore from C-DOT and the conclusion of the ₹200 crore land transfer marks a major milestone in the resolution of legacy disputes between government agencies. It reflects the efficiency of mechanisms like AMRCD, which are designed to address such issues without prolonged litigation.

This development is expected to have positive investor sentiment, with markets likely to react favourably in upcoming trading sessions.

Investors, analysts, and stakeholders are advised to monitor further updates from ITI Limited, especially on how the received funds are utilised and what strategic announcements follow in the company’s growth path.

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