ITI achieves Rs 2,458-crore record production
By James Paul | 01 Oct 2002
Kochi: Indian Telephone Industries (ITI), which has units in Palakkad and Bangalore, has achieved a record production of Rs 2,458 crore during the year 2001-02.
ITI CMD Lakshmi G Menons report for the 52nd annual general meeting of the company to be held in Bangalore on 27 September 2002 says that during the year ITC registered a growth rate of 12 per cent despite a sluggish market environment.
The major achievement of the public sector company during the year 2001-02 was the launching of the DWDM (dense wave division multiplexing) equipment for Indias first optical network. Interconnected as five circular rings, linking the major cities covering around 10,000 kms of the route length, the uniqueness of the product provides for integration of 32 STM (synchronised transfer mode) and 16 streams to accommodate more than 135 lakh voice channels in the network, says Menon.
The double-digit growth being witnessed in India in both the fixed and cellular phones is an indication that the country would achieve its target of tele-density of 7/700 by 2005, or even 15/100 by 2010, says Menon. "The Indian telecom industry is poised for a change not only in terms of numbers, but also in the way it operates. This dramatic size is what spells opportunity to ITI."
She says in the financial year of 2002-03, the company is expected to get orders worth Rs 3,200 crore. "With the current order books of around Rs 2,000 crore in hand, Rs 500 crore in the pipeline and a further Rs 500 crore expected against the tenders of WLL, CORDECT and DLC-SDH, the company is looking forward to a better performance in the year 2002-03."
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