Aksh Optifibre Limited secures order for supply of Optical Fibre Cables worth Rs 100 crore plus for the Defence NFS Project.

Aksh Optifibre Limited, has been awarded an order of about 102 Crore (USD 17 Million) for the supply of Optical Fibre Cables to be used for India's Defence Network For Spectrum (NFS) project.

New Delhi, Delhi, November 4, 2014 /India PRwire/ -- Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], has been awarded an order of about 102 Crore (USD 17 Million) for the supply of Optical Fibre Cables to be used for India's Defence Network For Spectrum (NFS) project. The Company emerged as the lowest bidder along with the state run Telco ITI., for Package F of the project which mainly covers West Bengal, Orissa, Bihar, Jharkhand, Andaman & Nicobar Islands & Sikkim. The companies will be involved in supplying and handling end-to-end deployment of an optical fibre cable backbone network for India's armed forces.

The Defence NFS project consists of total OFC routes, aggregating to 57,015 km which is divided into seven packages and is planned to be completed in 18 months time. The project will be handled on a turnkey basis, intended for rollout of a nationwide OFC network and will be owned and operated by the Defence Services under the Project Implementation Core Group (PICG) of Ministry of Defence. This mega network will be deployed with state-of-the-art fibre optic cable technology which will form the backbone optical highway infrastructure and serve as a highly resilient and reliable communication media for the defence sector.

Mr. Chetan Choudhari, Managing Director- Aksh Optifibre Ltd., after being awarded the contract said "The Company has extensive capability in manufacturing custom made cables for different requirements and geographies and is more than delighted to be a part of the strategically important NFS project of the Indian Armed Forces." He also added that "Aksh has had a long and successful history of being associated with mega telecom projects of the Government and has added incremental value to each assignment that it has undertaken. This time as well, Aksh developed a custom cable design to suit the robust needs to the network without compromising on the strength of the cables, making them highly durable & maintenance free."

The defence telecom project is crucial since the armed forces will migrate all their communication needs to this alternate optic fibre network and free more bandwidth for commercial telephony. The armed forces had vacated some 3G airwaves in August 2010 after it was assured that the telecom department would keep its side of the deal in rolling out an alternate communications network. This had enabled DoT to auction 3G airwaves four years ago. The mega communications network that BSNL will build for the armed forces has several key packages, including the optical fibre backbone, network management systems and a satellite network, and will cost in excess of Rs 13,000 crore.

Aksh Optifibre currently has 3 state of the art manufacturing units; One in Bhiwadi, Rajasthan which primarily caters to the manufacturing of World Class Optical Fibre & Optical Fibre Cables and another unit in Reengus, District Sikar, Rajasthan which specializes in the manufacturing of FRP Rods and Optical Fibre Cables and a newly commissioned FRP manufacturing facility in Jafza, Dubai. At present 70% of the company's revenue comes from exports and the company has emerged as a leader in the supply of Optical Fibre, Optical Fibre Cables & FRP Rods exporting to more than 56 countries across 6 continents.

Notes to Editor

About Aksh Optifibre Limited:

AKSH OPTIFIBRE LIMITED is a 28 year old company which started with the manufacturing of optical fibre and optical fibre cables (OFC). In 1996-97 Aksh acquired Fibre Reinforced Plastic Rods (FRP) business which is a key raw material for Optical Fibre Cables. AKSH went Public in the year 2000 and is listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

AKSH OPTIFIBRE LIMITED is one of the leading providers of transmission solutions for the telecom industries globally. Various products & services are embedded in our diversified portfolio. Our products include optical fibres, optical fibre cables, cable reinforcement solutions while we also deliver some of the exemplary services that include iControl (IPTV), Pigeon (VoIP) and Fibre to the Home.

AKSH was founded in 1986 with major focus on manufacturing of Optical Fibre Cables. The portfolio later got reinforced with the addition of Optical Fibers & Fiber Reinforced Plastic Rods. The company's products form the core of intranet, internet and other communication network all around the world. Manufacturing being the core business, Aksh has remained well aligned with the latest market trends and started commissioning of detailed distribution networks, Fiber To Home & Turnkey projects for data communication.

AKSH has been innovative with its cable designs and manufactures a wide array of Optical Fiber Cables that include Single Mode & Multimode Cables, Duct Cables, Armoured, FTTH (Aerial installations & fibre to home) Cables, Indoor & Outdoor Cables and Special application cables (Hybrid, All purpose, Ceramic Armoured cables).

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