ITI Ltd bags LoIs worth Rs 37.5 cr for Solar Street light Systems in Bihar

Details of the LOIs

ITI Limited’s Naini Unit has received LOIs for Design, Supply, Installation, Testing, and Commissioning with a Comprehensive Maintenance Contract (CMC for 5 years) including Remote Monitoring System (RMS) of 2800 Solar Streetlight Systems from DPRO Katihar amounting to Rs. 8.58 Cr under Mukhyamantri Gramin Solar Street Light Yojana.

ITI 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 Solar Street light Systems from DPRO Katihar amounting to Rs. 28.94 Cr under Mukhyamantri Gramin Solar Street Light Yojana.

These systems are to be installed under the supervision of the Bihar Renewable Energy Development Authority (BREDA) and the major Components of the Solar Street light Systems are Solar PV Modules, Solar Batteries, LED Luminaries, Mounting Structures, Balance of System (BOS).

Commenting on the partnership, Rajesh Rai, Chairman and Managing Director, ITI Limited, said, "ITI Limited is proud to partner with the 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 aesthetics and provides cutting-edge lighting solutions for a greener tomorrow,” Rai added.

“ITI Limited has acquired rich experience in successfully supplying and installing Solar Street Light Systems in Bihar since last year.”

ITI Limited’s Naini Unit is already manufacturing solar panels that 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 which 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.