The proposed investment would also increase company's revenue to Rs 1300 crore (Rs 13 billion) and increase operating profits to Rs 650 crore (Rs 6.5 billion) in 2005-06, a growth of over 28 and 59 per cent respectively compared to the previous fiscal, BPL Mobile chairman Rajiv Chandrashekhar said.
He said the company was expecting an operating cash flow of Rs 680 crore (Rs 6.8 billion) in the current fiscal and investment of Rs 625 crore will be made from this.
The 'Project Rapid Growth', which follows successful implementation of
'Operation Accelarated Clawback' last year, will see BPL Mobile investing in technology to introduce new products and services besides enhancing its service standards.
The company will also add 225 new towns under its network, install two MSCs, two intelligent networks and add over 800 base stations during the current fiscal under the new growth initiative.
Last year (2004-05), the company launched 'Operation Accelerated Clawback', which saw it achieving record growth with revenues increasing by 39 per cent to Rs 1012.2 crore (Rs 10.12 billion) and operating profits clocking 35 per cent growth to Rs 406.6 crore (Rs 4.06 billion).
Chadrashekhar attributed the growth in last fiscal to the fair and level policies of the government due to which companies like BPL have successfully demonstrated growth and performance.
