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Power Grid eyes 30% revenue jump rise from telecom biz

Power Grid eyes 30% revenue jump rise from telecom biz
PTI
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First Published: Thu, Oct 27 2011. 03 59 PM IST

Updated: Thu, Oct 27 2011. 03 59 PM IST
Mumbai: The state-run Power Grid Corporation (PGCIL) aims at a 30% increase in revenue from its telecom business in the current fiscal, a top company official said.
“We are expecting a 30-40% increase in revenues from our telecom business,” Power Grid director for personnel V M Kaul told reporters here.
Last year, the company had netted Rs 187 crore from the telecom business out of the total revenue of Rs 8,388 crore.
“At present, the telecom business contributes nearly 2-3% of our total business. But we are looking at a significant growth in revenue from this business in future,” he said.
Power Grid, which entered the telecom business a few years back, has a telecom network of about 21,000 km optic fibre cable providing connectivity to all the metros, major cities and towns, besides presence in some remotest areas.
The corporation which has over one lakh towers has so far leased 800 towers and has floated tenders for another 30,000, another official said.
Power Grid has entered into infrastructure-sharing agreements with telecom infrastructure service providers for using power line towers to mount telecom antennas in Punjab, Jammu & Kashmir and Himachal Pradesh.
According to the company, the telecom backbone network is ready for 16 wave-length (scalable to 32 wave-length) of 10 G/2.5 dense wavelength division multiplexing (DWDM) and synchronous transport module (STM) 16 system.
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First Published: Thu, Oct 27 2011. 03 59 PM IST
More Topics: Power Grid | PGCIL | Telecom | Fibre Cable | Towers |