# ITI declared lowest bidder for Indian defence ministry project

ITI Ltd was declared the lowest bidder (L1) for the Ascon Phase IV project by India's Ministry of Defence, with a contract value of about INR 70 billion.

- Type: Contract
- Announced: 2017-09-21
- Where: India
- Value: $1.08B (70.0B INR)
- Status: announced
- Products: telecom equipment
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [ITI](https://endata.com/companies/27056.md)
- [Ministry of Defence](https://endata.com/companies/9956.md) (customer)

## Sources

- [reuters.com](https://www.reuters.com/article/business/media-telecom/iti-declared-as-lowest-bidder-for-indias-defence-ministry-project-idUSFWN1M208X/), 2017-09-21: "Says declared as L1 in the Ascon Phase IV project by Ministry of Defence; contract value of project is about 70 billion rupees"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.