News Update

Aksh Optifibre Limited, the leading Indian manufacturer of Optical Fibre, Optical Fibre Cables, Fibre Reinforced Composites and a major e-Governance service provider announced its Q2 FY17 results.

  1. Revenue recorded at Rs. 90.41 Crore, EBIDTA at Rs. 10.68 Crore.
  2. Export Sales for the quarter at Rs. 50.96 Crore.
The company would like to thank all its shareholders for reposing faith in AKSH values and business competencies which has led to 25% increase in shareholder base.
The upgradation and expansion plans announced by the company earlier this year is on track. Upgradation in Optical Fibre (OF) and Optical Fibre Cables (OFC) has been completed while expansion in OF and Fibre Reinforced Plastic (FRP) is progressing for timely completion by March 2017.
To maintain leadership in FRP Rods and catering its strategic customers, Company has acquired 100% share capital of "Unitape Mandovi Composites Pvt. Ltd", Silvassa (renamed as Aksh Composites Pvt. Ltd).
Diversification planned by the company for ambitious ophthalmic lens project is showcasing promising execution. Land has already been acquired followed by facility construction and ordering of machinery.

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Optical fibre firm Aksh Optifibre today sought shareholders nod to diversify its business in the field of eyewear, lighting, solar products and financial technologies.
The company in a postal ballot notice sent to shareholders has sought their approval to change some clauses in its Memorandum of Association (MOA) that will enable it to operate new businesses related to eyeware, lighting and financial technologies that include ATM business as well.
Aksh has sought change in MOA "to design, manufacture, sell, market, retail and deal as distributor, wholesaler, retailer and render after sales services of sunglasses/ prescription glasses and frames, lens, hearing aids and related accessories".

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Aksh Optifibre Limited reports strong financial results for Q4 FY16 & FY 2015-16. YoY Revenue increased by 23% to Rs. 462 crores and EBIDTA at record high of Rs. 74 Crores up by 34%. New Delhi, May 30, 2016: Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], the leading manufacturer of Optical Fibre, Optical Fibre Cables, FRP Rods and largest e-governance (E-mitra) service provider in the state of Rajasthan announced its results for Q4 and FY 2015-16 in New Delhi. The Company has recorded remarkable growth:

  • Quarterly revenue at Rs. 130 Crores, Up by 19% QoQ
  • Annual revenue at Rs. 462 Crores, Up by 23% YoY
  • Quarterly EBITDA of Rs. 21 Crores, Up by 32% QoQ
  • Annual EBITDA of Rs. 74 Crores, Up by 34% YoY

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New Delhi, October 13, 2015: 1 Stop Aksh, the e-governance arm of Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR] and e-Mitra, a leading government initiative in Rajasthan for connecting villages through IT infrastructure , today announced that it has launched its first e-Health service at its kiosks where a citizen can ask a doctor about his or her health issues. A rural citizen can walk-in into any e-Mitra kiosk and can get answers to his questions from doctors all over the world by making a nominal payment.

Through "Ask a Doctor" services, a citizen can get answers online or through phone. The services cater to most of the common health needs of the citizens. 24x7 "Ask a Doctor" service allows a consumer to write a health query, attach a picture or upload a lab report and post to doctors across the world in just a few clicks. The services are being provided to RajCOMP Info Services Ltd. (RISL), a fully owned Govt. of Rajasthan company in partnership with Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, finance and healthcare industries. Ebix's medical advisory service has an online network of approximately 15,000 Physicians and Surgeons spread across 50 specialties including alternative medicine. The Company's online network of Doctors answers the questions in minutes, with thousands of Doctors spread across geographies and time zones.

Mr. RK Sharma- Joint Director, DoIT & Communication, Govt. of Rajasthan, commenting on the occasion said," We have a strict mandate from the Government of Rajasthan to make the best of e-Health services available to the citizens of the state through our e-Mitra programme. We hope to achieve significant increase in the average state health index through the "Ask a Doctor" services. This service will be of great significance in the years to come as our citizens in the rural parts of the state will have access to world class primary health services and will be able to get the proper treatment guidance from Doctors without having to leave town to go to a bigger hospital for consultation. Our primary objective at this stage is to educate and integrate technology enabled health services into the lives of the citizens".

The e-health services will mainly be delivered to the citizens through the 1 Stop Aksh e-Mitra kiosks that operate across the state. The company currently operates over 6000 kiosks across the state with a target of opening 10,000 kiosks in the state by Q2 2016. Mr. Lokesh Khandelwal- Project Head, Aksh Optifibre Limited said," 1 Stop Aksh is a trusted name in the state for all e-Governance services in Rajasthan. We hope to take this noble service to each and every citizen in need of medical attention and provide a new age solution to an age old problem. Health services are the most essential rights that we have as citizens of this country and the Government is looking at all possible ways to reach as many people as it can. I personally feel that citizens not only in the rural parts but also in the urban areas will find this service beneficial".

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New Delhi, June 1, 2015: Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], the New Delhi based leading manufacturer of Optical Fibre, Optical Fibre Cables & FRP Rods has announced its results for Q4 and FY 2014-15 results. The company's net profits before exceptional items and tax increased 67% to Rs.31.67Crores for the period under review.

The board has approved an expansion plan that will see capacity expansion of over 80% in its OFC business at its manufacturing plant in Reengus, Rajasthan. The FRP business is also set for expansion of 75% through its wholly owned subsidiary AOL FZE, Dubai. The company will be investing over Rs.95 Crores for the expansion and setting up of additional manufacturing lines across the two facilities. The expansion is proposed to be funded out of debt and internal accruals.

The Board has also taken note for the need to invest heavily in the existing human capital of the company across its locations and has approved the hiring of fresh talent across all levels to scale up operations. The Board feels that to maintain its leadership position as FRP & OFC manufacturer, such investments are required for meeting the demands of the next wave of requirements for telecom gear, not just in India but globally as well. Aksh Optifibre is the largest manufacturer of an essential component of OFC manufacturing; FRP Rods, which it manufactures out of its Reengus and Dubai manufacturing plants and dominates the market globally.

Mr. Satyendra Gupta, Chief Financial Officer of Aksh Optifibre Limited, commenting on the occasion said, "The company has performed exceptionally well over the last fiscal year with strong growth cues across our manufacturing and services divisions. With a strong advance order book and a sharp focus on expansion across its manufacturing and services verticals, the company is all set to stride forward towards consolidating its current position and plan for the future. With strong investment commitments from the Central Government for the Digital India programme with upwards of Rs. 70,000 Crores to be invested towards the campaign the domestic OFC market is upbeat over these developments. We are extremely happy to be associated with both the Central Government and various State Governments for end to end rollout of OFC networks in the country".

The company's e-governance arm, 1 Stop Aksh has also performed exceptionally well over the last fiscal with major leaps being taken in Rajasthan where it is engaged in a Public-Private Partnership (PPP) model with the Govt. of Rajasthan for delivering over 200 Government-to-Citizen (G2C) & Business-to-Citizen (B2C) services through its kiosks spread across the state. 1 Stop Aksh has a plan to setup over 10,000 e-governance kiosks in the state by the end of 2016. The introduction of micro ATM facilities through a strategic tie up with State Bank of India (SBI), 1 Stop Aksh kiosks are now fully equipped to carry out transactions in the rural parts of Rajasthan, which is being considered as a concrete step towards realizing the Pradhan Mantri Jan DhanYojana; which aims at providing each citizen of the country with a bank account and achieve financial inclusion and independence.

Some key performance highlights from Aksh Optifibre:

Financial Highlights:

  • The revenue of the company on standalone basis increased by 63% per cent to Rs.373.92 Crores from Rs.228.82 Crores during the year under review
  • The revenue for Q4, FY 14-15 stood at Rs.109.75 Crores, with an increase of 99% with respect to the same period last year.
  • EBITDA figures for Q4 FY 14-15 stands at Rs.16.71 CroresThe standalone EBITDA for FY 14-15 stands at Rs.58.24 Crores with an improvement of 42% on a Year-on-Year basis.
  • For the full year ended March 31, the standalone PBT increased by 26% to Rs. 32.82 Crores from Rs.26.02 Crores at the end of March 2014.

Business Highlights:
  • Commissioning of manufacturing facility for FRP rods at its newly constructed state-of-the-art facility in Jafza, Dubai in AOL FZE, awholly owned subsidiary of Aksh Optifibre Limited.
  • 1 Stop Aksh emerges as one of the fastest growing PPP model e-governance service provider in the country with one of the largest kiosk holder base having about 4000 kisok holders as at 31st March, 2015..
  • 1 Stop Aksh launches micro ATM facilities in Rajasthan with a strategic tie-up with State bank of India (SBI).
  • Emerged as the lowest bidder for Package F of the Defense Network for Spectrum (NFS) project being implemented by BSNL. Bags an order of over Rs.102 Crores for supply of Optical Fibre Cables for the project with state run telco ITI.
  • Leads the way in CSR & Environmental efforts as well. Concludes the plantation of over 13,000 saplings across Bhiwadi, Rajasthan,its main manufacturing hub in India and also adopted two primary school in Rajasthan where a complete infrastructure overhaul was conducted by the company as part of its growing CSR initiative.

Standalone Financials Currency Quarter Ended
31-Mar
Q4 FY 15
Quarter Ended
31-Dec
Q3 FY 15
Quarter Ended
31-Mar
Q4 FY 14
Year Ended
31-Mar
FY15
Year Ended
31-Mar
FY14
Revenues INR Cr
USD Mn
109.75
17.56
101.6
16.25
55.14
8.82
373.92
59.82
228.82
36.61
EBITDA INR Cr
USD Mn
16.71
2.67
16.56
2.65
9.66
1.55
58.24
9.32
41
6.56
PBT before exceptional items and tax INR Cr
USD Mn
8.62
1.38
9.92
1.59
4.68
0.75
31.67
5.07
18.95
3.03
PAT INR Cr
USD Mn
8.94
1.43
10.04
1.60
11.94
1.91
32.10
5.13
26.01
4.16

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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.

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Competent authority has approved registration for the 24 Fibre Armoured Optic Fibre Cable

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It gives us an immense pleasure to announce the successful completion of the turnkey ADSS project in Bhutan that Aksh Optifibre Limited undertook in 2010. The ominous project was launched under the aegis of the Bhutan Power Corporation Limited into 2 phases. In both the phases Aksh was involved in the complete supply, live line installation and commissioning of 24/48/72F ADSS and 24F Underground cable with associated hardware fittings, FODP, Test equipments and end to end fibre connectivity and laid a total fibre network of more than 2000 Km. The first phase of this contract was completed in February, 2013 that connected all the 20 districts and 201 village and is used by Government Owned Service provider, Local Telecom Service Providers and DITT to drive a new age of Telecom & IT revolution in the Himalayan Kingdom of Bhutan and the second phase is completed in June, 2014 that provided connectivity to 185 village,161 Community centres and 20 district administrative offices. The total project value is about USD 6 Million.
The big challenge of the project has been the installation of ADSS Cable and hardware fittings suitability for the span length of 60 meter to 400 meter length on electrical lines at voltage levels of 33 KV and below on BPC poles in very difficult hilly terrain where there is no road access, highly stringent environment and high altitude locations in entire part of country.
Benefits & Outcome of the ADSS Project:

  • High speed internet facility is available in all parts of the Country. People from remote areas need not to travel in difficult terrains from their villages to cities to get the facility of Internet, Fax and Telephone.
  • All the Govt. to Citizen Services has been launched through local customer centres connected with fibre network till remote areas that provides all the citizen-centric services at their doorstep.
  • Cable TV has got upgraded with many international channels, network till remote places
  • All the banks & big financial institutions are using core banking/Internet banking services for their domestic and International business transactions.
  • Educational institutions, Govt. offices & Private Corporations are very well equipped with broadband & video conferencing facility to expand the global reach.
Aksh has laid a path of transformation in Bhutan that has scope for all the interactive services and provision of connectivity from everywhere to everywhere. Aksh formally extends its gratitude and pleasure for being a part of this International Connectivity Project and would like to thank the DITT, Bhutan and the entire local workforce involved in the project that made this project possible.

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Aksh Optifibre Limited has recently been type approved from Globe Telecom and accreditated by Dun & Bradstreet

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AkshOptifibre Limited (AKSH), founded in 1986 with a modest beginning as a copper cable manufacturing company, with continuous innovations and backward integration, has grown steadily to become a technology leader and a global player in the Optical Fibre (OF), Optical Fibre Cables (OFC) and FRP rods manufacturing.

The company in the year 1994 decided to diversify into manufacturing of optical fibre and set up a plant at Bhiwadi Industrial Area, Rajasthan; and in the year 1999, the company divested its PVC division. As a step towards backward integration, the company took over the manufacturing facility of FRP Rods at Ringus in Rajasthan. During 1999-2000, the company acquired an ongoing OFC plant of another company situated at Bhiwadi.

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Since its establishment in 1986, Aksh Optifibre Limited has been playing a key role in driving the growth of the fibre-to-the-home (FTTH) market. The company started manufacturing optic fibre and optic fibre cable (OFC) in 1994 and since then has emerged as a key player in the FTTH segment.

Aksh serves various industry verticals and its client base in India includes Bharat Sanchar Nigam Limited (BSNL), Mahanagar Telephone Nigam Limited (MTNL) and other government sectors such as defence and the railways. Over the years, the company has expanded its footprint overseas and currently exports its products to the US, South America, Europe, the Commonwealth of Independent States, Africa, the Middle East and Asia.

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New Delhi-based Aksh Optifibre Ltd. (BSE: 532351 | NSE: AKSHOPTFBREQ) says it has won the contract to supply fiber-optic cables for Package B of India's National Optic Fiber Network (NOFN) backbone project.

The NOFN project aims to connect over 250,000 gram panchayats (local government institutions in villages or small towns) across India. The aim is to sow the seeds for an e-revolution in the rural parts of the country by empowering the nation to provide better e-governance, e-health services, and educational services at the grass roots level. Scheduled to be complete by September 2015, the project will provide high-speed broadband Internet to all 250,000 gram panchayats with speeds of up to 100 Mbps.

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Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBREQ], the New Delhi based leading manufacturer of Optical Fibre, Optical Fibre Cables & FRP Rods has bagged the contract for Package B of the National Optic Fibre Network (NOFN) backbone project for supplying Optical Fibre Cables. The project is aimed at connecting over 250,000 gram panchayats across the country and lead the charge towards empowering the heart of the nation for better e-governance, e-health services and better educational services at the grass root level in India. The project is scheduled to be completed by September 2015 and aims to provide high-speed broadband internet to all the 250,000 Gram Panchayats with speeds of upto 100 mbps to create a model of development and sow the seeds for an e-revolution in the rural parts of the country.

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The National Optical Fiber Network project is aimed at connecting over 250,000 gram panchayats across the country and lead the charge toward empowering the heart of the nation for better e-governance, e-health, and educational services at the grass root level. Chetan Choudhari, Managing Director, Aksh Optifibre Limited

Aksh Optifibre Limited is currently running high on the latest National Optic Fiber Cable contract worth `200 crore, which has been awarded to the company by Bharat Broadband Network Limited (BBNL). The National Optical Fiber Network (NOFN) project is aimed at connecting over 250,000 gram panchayats across the country and lead the charge toward empowering the heart of the nation for better e-governance, e-health, and educational services at the grass root level. The project is scheduled to be completed by September 2015 and aims to provide high-speed broadband Internet to all the 250,000 gram panchayats with speeds of up to 100 mbps to create a model of development and sow seeds for an e-revolution in the rural parts of the country.

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Aksh Optifibre rose 1.38% to Rs 14.70 at 10:34 IST on BSE after the company said it has been awarded a Rs 200 crore plus order for Package B of ambitious National Optic Fibre Network backbone project.

Meanwhile, the BSE Sensex was down 52.30 points, or 0.25% at 21,212.88

On BSE, 9,686 shares were traded in the counter as against an average daily volume of 34,075 shares in the past one quarter.

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NEW DELHI, INDIA: Aksh Optifibre Ltd has bagged the contract for Package B of the National Optic Fibre Network (NOFN) backbone project for supplying optical fibre cables.

The project is aimed at connecting over 250,000 gram panchayats across the country and lead the charge towards empowering the heart of the nation for better e-governance, e-health services and better educational services at the grass root level.

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Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBREQ], the New Delhi based leading manufacturer of Optical Fibre, Optical Fibre Cables & FRP Rods has bagged the contract for Package B of the National Optic Fibre Network (NOFN) backbone project for supplying Optical Fibre Cables.

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