ITI, a Central Public Sector Undertaking under the Ministry of communication and IT, gains on Wednesday after it bagged two advance purchase orders from Bharat Sanchar Nigam (BSNL) amounting to Rs 29.84 billion.

These orders are part of Network For Spectrum (NFS) project for setting up of optical fiber network throughout India.

Shares of the company are trading at Rs 31, up Rs 0.45, or 1.47% at the Bombay Stock Exchange (BSE) on Wednesday at 12:41 p.m.

The scrip has touched an intra-day high of Rs 31.90 and low of Rs 30.65. The total volume of shares traded at the BSE is 386,757.