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BSNL
to invest Rs 14,700 cr in FY05
New Delhi: State-owned BSNL will invest Rs 14,700
crore in expanding its primarily GSM and CDMA based mobile
telecom networks during 2004-05.
The amount will be invested in setting up 15 million GSM
lines and three million CDMA lines. Out of this, Rs4500
crore is being planned for rural telecom during the year
in which BSNL would replace 50 per cent of the MARR village
public telephones of about 50,000 and provide 24,000 new
VPTs. Sixteen thousand of these new VPTs would be satellite
based.
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Moser
Baer FY04 net up at Rs323.85cr
Mumbai: Moser Baer India Ltd has posted a net profit
of Rs 323.85 crore for the year ended March 31, 2004 (FY-04)
as compared to a net profit of Rs 237.27 crore for the
year ended March 31, 2003 (FY-03). Total turnover has
increased from Rs 1114.33 crore in FY-03 to Rs 1602.18
crore in FY-04. The Board of Directors have recommended
a dividend of 15 per cent on the paid up equity share
capital of the company.
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