ITI Limited, a central public sector enterprise under the Ministry of Communications, has received a tranche of ₹50 crore from the Centre for Development of Telematics (C-DOT), marking a key milestone in the execution of a revised order under the Administrative Mechanism for Resolution of CPSEs Disputes (AMRCD).
The payment is part of a larger ₹200 crore transaction involving the transfer of 22.258 acres of ITI-owned land located at Electronic City, Bengaluru, to C-DOT. As per the revised AMRCD directive communicated earlier to stock exchanges, the land is being transferred through a formal sale deed agreement. The remaining amount of the total consideration is expected to be received following the completion of statutory formalities by ITI Limited.
The revised agreement comes in the backdrop of an earlier AMRCD order issued on July 12, 2024, resolving a commercial dispute between the two government entities. The move is in line with the AMRCD framework instituted by the Department of Public Enterprises (DPE), Ministry of Finance, to facilitate timely resolution of inter-CPSE disputes and streamline operational efficiency.
ITI Limited, a pioneer in India’s telecom manufacturing space, was established in 1948 and functions under the Department of Telecommunications. The company has played a crucial role in India’s telecommunications growth and modernization.
C-DOT, established in 1984, is an autonomous telecom R&D centre under the Ministry of Communications. Originally mandated to develop indigenous digital switching systems, it has since evolved into a hub for cutting-edge telecom technologies, including both wireless and wireline equipment.
This transaction marks an important development for both organisations, reflecting enhanced collaboration between CPSEs and a structured approach to resolving legacy land and financial matters.
