New Delhi : The Board for Reconstruction of Public Sector Enterprises (BRPSE) has sought a revival package of over Rs 4,100 crore to nurse the ailing state-owned ITI Ltd back to health.

“The revival plan for ITI envisages manufacturing of telecom/electronic products, taking up manufacturing of existing products (like solar and Ascon) and communication and electronic products for defence,” an official told PTI.
The Rs 4,156-crore proposal includes infusion of funds for capital expenditure in the form of equity, for payment of outstanding dues of MTNL and BSNL, for payment of statutory dues and funds towards employees related dues, he added.

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