WCA March 2017

Industry news

On-track expansion and diversification

expansion has enabled the company to enter into the second half with a healthy order book. With a view to mitigate demographic risks, the company is focused to explore new geographies with strategic long-term alliances across the world. The company’s export turnover was 63 per cent higher than the same period in the last financial year. “1 Stop Aksh”, the E-Governance arm of the company, now has more than 10,000 kiosks ahead of schedule. The company has registered more than 18,000 students for certification under “National Digital Literacy Mission” in more than 18 districts of Rajasthan. Optical fibre cable installed throughout the world in 2016 was 210mn fibre-km as compared to 189mn fibre-km installed in the same period in 2015, registering a growth of 12 per cent. India is presently witnessing a huge upsurge in the use of consumer mobile services coupled with increased use of data services, which has fuelled demand for 4G/LTE technology resulting in sizable opportunities for cable manufacturers in the country. Aksh Optifibre Ltd – India Website : www.akshoptifibre.com

AKSH Optifibre Limited, an Indian manufacturer of optical fibre, optical fibre cables and fibre reinforced composites and a major e-Governance service provider, has announced its quarter two results for the 2017 financial year. • Revenue is recorded at Rs 90.41 Crore, EBIDTA at Rs10.68 Crore • Export sales for the quarter are Rs 50.96 Crore The upgrading and expansion plans announced by the company in 2016 are on track. Upgrading in OF and OFC has been completed while expansion in OF and FRP is progressing for timely completion in March. To maintain leadership in FRP rods and catering to its strategic customers, the company has acquired 100 per cent share capital of Unitape Mandovi Composites Pvt Ltd, Silvassa (since renamed as Aksh Composites Pvt Ltd). Diversification planned by the company for an ambitious ophthalmic lens project is showcasing promising execution. Land has already been acquired followed by facility construction and machinery ordering. Consequent to the planned expansion across all the manufacturing facilities of the company, the total revenue was recorded at Rs 90.41 Crore. The undergoing upgrade and

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Wire & Cable ASIA – March/April 2017