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ITI Ltd signed a ₹7,796-crore contract with the Ministry of Defence for Phase IV of the Army Static Switched Communication Network (ASCON) project, covering an IP MPLS-based communication network with installation, commissioning, and maintenance for 10 years.
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.