T Nadu Telecom L - Updates 08/07/2014

T Nadu Telecom L - Updates
08/07/2014 13:34
Tamilnadu Telecommunications Ltd has informed BSE that it has already been intimated that the Company has received APO from M/s. Bharat Broadband Network Limited (BBNL) for supply of 5800 KMs of 24F DS OFC. The value of the APO is Rs. 31.9 Cr. including accessories. Against the APO the Company has received PO for 50% quantity now and balance 50% is expected by Sept / Oct, 2014. The production against the PO is in progress and expected to be completed by Oct, 2014. It is expected that BSNL also is going to float a tender for supply of 24F DS OFC during the year.

In view of above, the Company is expected to be fully engaged during the current financial year upto March 31, 2015. In order to effectively utilize the manufacturing facility during the idle period in case of no orders situation, the Company wants to explore the possibility of leasing the manufacturing facility, if anyone is interested.

In view of above the Company intends to lease its manufacturing facility and proposed to publish an EOI in this regard by way of advertisement in Economic Times, to know whether anyone is interested for leasing the manufacturing facility. Based on the response, further course of action will be decided with relevant approvals etc.