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ITI may enter renewable energy business

According to reports, State-run ITI Ltd is planning to enter diversified businesses such as renewable energy.R Chandrasekhar, secretary, DoT and chairman, Telecom Commission and KL Dhingra, CMD, ITI signed a MoU for the year 2012-13.

The thrust areas of MoU include pursuing growth opportunities in telecom sector and exploiting diversified businesses such as renewable energy. The MoU envisages that ITI concentrate on revival plans with due approval of the Government agencies.

The company has committed to follow DPE guidelines for the corporate governance, corporate social responsibility, research & development and human resources management. The company will also address other critical issues such as upgradation of plant infrastructure and reduction of surplus manpower through VRS.

Recently, Milind Deora, the Union Minister of State for Communication and Information Technology, inaugurated a gas plant set up by ITI at its premises in Bangalore. The plant converts bio degradable waste such as kitchen waste, food waste, dry leaves, garden waste or any other bio degradable waste into organic natural gas which is combustible comprising of methane with 90 to 94 percent purity.

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