WCA March 2017

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10 Wire & Cable ASIA – March/April 2017
Industrynews
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
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:
On-track expansion and diversification