Shares of ITI Ltd. were trading 3% higher on Friday, August 30, after the company secured its first EVM order issued by the West Bengal State Election Commission.

The company announced in an exchange filing that it had received an order for 500 sets of electronic voting machines (EVMs) from the State Election Commission (SEC) of West Bengal, following a successful demonstration to the SEC in Kolkata. This announcement resulted in a notable increase in the share price.

The Electronic Voting Machines (EVMs) developed by ITI Limited, based on the specifications provided by the State Election Commission (SEC) and approved by the standing committee of State Election Commissioners, are set to be used in local body elections. These elections include various levels such as Gram Panchayats, Municipalities, and Corporations.

The EVM machine can also be used as a Single Post machine for meeting the requirements of Lok Sabha/Assembly elections. 

In addition, the product will be produced at ITI Limited’s factories in accordance with the Election Commission’s technical specifications. It will also be delivered quickly while upholding quality standards and fulfilling pledges made to the West Bengal SEC.

The company operates six locations: Bengaluru, Naini, Raebareli, Mankapur, Srinagar, and Palakkad. All of these are modern production facilities. In addition, it has an internal research and development (R&D) centre in Bengaluru and marketing, sales, and projects (MSP) offices located around the country.

At 1:42 pm, the shares of ITI were trading 1.96% higher at Rs 305.60 on NSE. 

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