|HOME | INFOTECH | HEADLINES|
September 30, 1999
VSNL posts Rs 13.25 billion profit
The telecom major plans to invest Rs 8.5 billion on additional capacity in undersea cables and Rs 4.3 billion on additional satellite Earth stations and related equipments.
A total of Rs 944 million will be invested in acquiring microwave systems and Rs 2.5 billion in ATM switches.
''Gateway exchanges will be set up at Kanpur, Bangalore and Hyderabad at a cost of Rs 440 million. VSNL will invest Rs 110 million for electronic data interchange facilities and Rs 200 million for videoconferencing,'' said Gupta.
The public sector company has posted a record profit of Rs 13.25 billion for 1998-99, marking an increase of 36.89 per cent over its net profit of Rs 9.68 billion made last year.
It is for the first time that the net profit has crossed the Rs 10 billion mark.
The company's revenue grew to Rs 71.75 billion, a growth of 11.49 per cent as compared to previous year's Rs 64.36 billion.
VSNL's revenue includes a foreign exchange earning component amounting to Rs 47.37 billion.
BOOK SHOP | MUSIC SHOP | GIFT SHOP | HOTEL RESERVATIONS | WORLD CUP 99
EDUCATION | PERSONAL HOMEPAGES | FREE EMAIL | FEEDBACK