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GTL Infra plans Rs80 bln capex over 3 yrs

GTL Infra plans Rs80 bln capex over 3 yrs
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First Published: Fri, Jun 13 2008. 02 48 PM IST
Updated: Fri, Jun 13 2008. 02 48 PM IST
Reuters
Mumbai: Telecoms tower infrastructure firm GTL Infrastructure Ltd has planned a capital expenditure of about Rs80 billion for the next three years, its chairman said on Friday.
“The capex can go up 10% due to a rise in cost of raw materials,” Manoj Tirodkar, who is also the managing director of the company, told a shareholders’ meeting.
The company plans to raise funds by issuing 1 billion shares to institutions, he added, withput specifying a timeline.
He expects the company to breakeven in 3-5 years.
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First Published: Fri, Jun 13 2008. 02 48 PM IST