Press Release
Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], the leading manufacturer of Optical Fibre, Optical Fibre Cables and Fibre Reinforced Plastic Rods and e-Governance & Turnkey service provider reported its Q4 and Year end FY19 financial results.

Aksh Optifibre reported its financial results for FY2019. On standalone basis Company reported a Total Income of Rs 536 crore, as compared to Rs 594 Crore in the corresponding period previous year. Company recorded EBITDA of Rs 99 Crore, as against Rs 74 Crore previous year on standalone basis and reported EBITDA margins of 19%, as compared to 12% in the previous year. Global meltdown in Fibre prices and demand slowdown in China impacted the revenue in the quarter gone by, also in order to comply with Indian accounting standards (Ind As 115) the Sales Revenue and Profit Before Tax is lower by approx Rs 20 Crore and Rs 4 Crores respectively for the year ended March 31, 2019. However, encountering the short term industry slowdown, company has taken certain measurable proactive initiatives in the Q4 FY19, which may have positive outcomes in the quarters to come.

Rs Crore
Particulars	Standalone Financial Results							Consolidated
	Q4'19	Q3'19	Q4'18		FY19	FY18	YoY		FY19	FY18	YoY
Total income	78	140	171		536	594	-10%		532	627	-15%
EBITDA	0.46	26	26		99	74	34%		90	76	19%
EBITDA Margin	1%	19%	15%		19%	12%			17%	12%
PAT	-11	9	9		28	23	23%		11	21	-48%
PAT Margin	-14%	6%	5%		5%	4%			2%	3%
EPS (Rs/Share)	-0.65	0.54	0.55		1.73	1.40	24%		0.66	1.28	-48%

Projects update

Due to the current slowdown in fibre demand, Company has extended the commission of its Dubai Optical Fibre drawing plant of 4 Million FKM capacity, and expect it to be commissioned by Q3 of FY20. Upon commissioning the total Optical Fibre drawing capacity of the company will become 7 Million FKM. The ongoing Optical Fibre capacity expansion will enhance company's backward integration capabilities and will support its cable capacity in a sufficient manner.

Mr. Satyendra Gupta, Managing Director of Aksh Optifibre Limited, commented, "On the back of downward spiralling of optical fibre prices globally and lower demand growth in China, significantly impacted the financial performance of the company in the quarter gone by. Company's initiatives towards reengineering the business processes and logistics for its FRP business segment, along with the global fibre market softening has led to the downfall in sales turnover. However, long term fundamentals for optical fibre sector are well intact. The management expects major emphasis to be given to augment Digital India programme under 2nd term of Honourable Prime Minister Shri. Narendra Modi for which the company is fully prepared to harness any sizable opportunity that comes its way. As an organisation, company's management remains focused mainly towards growing its products business and is extremely cautious towards venturing into any risky turnkey businesses. We are hopeful that the strong measures that we have taken today, will reward us with better cash flows and healthy product based order book in times to come".

Industry Outlook

With India voting Prime Minister Shri. Narendra Modi-led Bharatiya Janata Party (BJP) back to power with a resounding mandate, the technology and start-up sectors are anticipating the speedy implementation of policies that will boost the growth of 'Digital India,'. The coming five years should be spent effectively implementing these policies, and infusing technology into governance. With the second term, it is expected that the Government will utilise the mettle of India Inc and emerging technologies such as artificial intelligence, machine learning, Internet of Things and big data to solve the socio-economic issues of the country. Developed countries such as US, South Korea and along with China have already started preparing for the upcoming commercial launch of 5G services. It is being learned that many carriers have started constructing and installing necessary 5G base stations at the predetermined launch cities. It is also observed that in South Korea, three major mobile operators had deployed more than 50,000 5G base stations prior to launching commercial 5G services.

Further, 5G base station installations and deep fibre deployments will strengthen global fibre demand moving forward. A major telecommunication equipment provider expects that 6.5 million base stations will be deployed in 5G networks across the world by 2025. Industry experts propagate that 5G networks will require a much denser array of radio heads, resulting into higher number of base stations per coverage area, which will translate into manifold increase in demand for Fibre to provide 5G network backhaul. It is estimated that 5G will require more than 8-10 times of fibre as compared to that of 4G, resulting in the higher demand for fibre.

Press Release
Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], the leading manufacturer of Optical Fibre, Optical Fibre Cables and Fibre Reinforced Plastic Rods and e-Governance & Turnkey service provider reported its Q3 and Nine Months FY19 financial results.

Aksh Optifibre reported its financial results for third quarter of FY2019. On Year To Date Basis Company achieved a Total Income of Rs 458 crore, as compared to Rs 423 Crore in the corresponding period previous year. Company maintained healthy EBITDA margins of 22% on YTD basis, as compared to 11% previous year. Higher PAT recorded with YoY 184% increase on YTD basis.

During the quarter gone by the Company achieved quarterly Total Income of Rs 140 Crore and EBITDA of Rs 26 Crore. EBITDA margins for the Company stood at 19%, as against 13% in the corresponding quarter of previous year. Profit after Tax at Rs 9 Crore reported an increase of 35% as against Rs 7 Crore in the corresponding quarter in the previous year.

The construction work at company's upcoming Dubai optical fibre drawing facility is going on seamlessly. Company expects Dubai Optical Fibre drawing plant of 4 Million FKM capacity to be commissioned by Q1 FY20, upon expansion the total Optical drawing capacity of the company will be 7 Million FKM, this expansion will enhance company's backward integration capabilities.

Mr. Satyendra Gupta, Managing Director at Aksh Optifibre Limited, commented,"The quarter gone by has been pivotal in re-defining the roadmap for the organisation. As we march towards the future with sizable operational capacity in hand, and in light of this expanded capacity the company has taken substantial initiatives towards reengineering the business processes and logistic. We are focussing on improving the overall operational efficiencies and consequently improving the cash flow cycle with lower inventory level. However, due to postponement of deliveries of few orders in hand by few customers and temporary slowdown in the industry, there has been a momentary decline in the quarterly turnover. Aksh is also taking aggressive initiatives to build up considerable order book for the future this will further help in streamlining incremental cash flows going forward. Management is confidant and hopeful that with the help of ongoing progressive measures being taken, Aksh will scale new highs both operationally and financially in the times to come"

Industry Outlook

Pursuant to the Government's prestigious Digital India initiative under BharatNet programme, India's optical cable consumption increased significantly in CY2018. Major carriers, such as Reliance Jio also supported optical cable demand growth in the region which is estimated at 19% in CY2018. The amount of optical cable deployed worldwide in CY2018 stood at 510 Million FKM, this amounts to 4% higher than the 492 million FKM installed in CY2017.

Going forward demand for Optical fibre would get further boost from 5G implementation globally, this can be expected from CY2020 onwards. In the past few months couple of countries have issued 5G spectrum to carriers, this reflects that 5G trials continue to gather pace. The most important allocations were in China, whereby the Chinese central government has awarded the country's big three telcos 5G spectrum trial licenses during first week of December'18. Alongside, auctions in both Hong Kong and Australia have seen telcos splash out over USD$1.36 billion on 5G spectrum, enabling to secure future access to radio spectrum in the ongoing race to build national high-speed 5G networks. Further 5G spectrum has also been allocated in Qatar to Vodafone and Ooredoo, both these operators are required to fully rollout commercialized 5G services to all densely populated areas of the country by the end of 2020.

As per Cisco's latest estimates, y-o-y growth in world IP traffic is estimated to range between a range of 25% to 30%. According to Cisco, the number of global Internet users will increase to 4.8 billion people in 2022, which will represent 60% of the world population, as against to 3.4 billion internet users in 2017. It is estimated that average speeds of broadband services, WiFi connections, and mobile connections may double between 2017 and 2022, therefore the potential advancement in Internet technology and demand for data augurs well for the optical fibre cable industry.

Press Release
Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], the leading manufacturer of Optical Fibre, Optical Fibre Cables and Fibre Reinforced Plastic Rods and e-Governance & Turnkey service provider reported its Q2 and Half Year FY19 financial results.
Aksh Optifibre reported its all-time highest quarterly financial performance for Q2 FY2019. During the quarter gone by the Company achieved its all-time highest quarterly turnover along with all-time highest Net Profit. EBITDA margins for the Company stood at 23%, as against 11% in the corresponding quarter of previous year. Profit after Tax at Rs 17 Crore reported a significant increase of 237% as against Rs 5 Crore in the corresponding quarter in the previous year.

Rs Crore
Particulars	Standalone Financial Results
	Q2'19	Q1'19	Q2'18	QoQ	YoY		H1'19	H1'18	YoY
Total income	178	141	145	26%	22%		319	268	19%
EBITDA	40	32	16	27%	147%		72	28	156%
EBITDA Margin	23%	23%	11%				23%	11%
PAT	17	13	5	30%	237%		30	7	319%
PAT Margin	10%	9%	3%				9%	3%
EPS (Rs/Share)	1.04	0.80	0.31	30%	235%		1.84	0.44	319%

The Company has successfully commissioned its FRP manufacturing facilities in China. With this, the Company is on the verge of completing all its announced capex, except Dubai Optical Fibre plant, which is also due to get completed within the stipulated timeframe.

Mr. Satyendra Gupta, Deputy Managing Director at Aksh Optifibre Limited, commented,"With most of the company's expansion projects already in place, we have now shifted our complete focus on enhancing company's operational efficiencies, with emphasis on expanding the market share for all the product lines in which it operates. The half year gone by has delivered some exceptional results which are rightfully reflected in our financial numbers and management is further hopeful to continue this increasing trend in the near future. Recent softening of optical fibre prices globally and also easing out the availability of fibre has led to the increased demand for optical Fibre cable and allied products and it appears that the same demand will keep surpassing the given supply side constrains, especially for the domestic optical fibre cable market. The capex incurred by the company in the recent past has started yielding positive results and going forward it will add to the top line as well as the bottom line of the company".

Industry Outlook

Witnessing the second most rapid year-on-year growth amongst countries installing optical fibre cable, India's optical cable consumption in H1 2018 was 19.1% higher compared with H1 2017. India's optical fibre demand witnessed a significant boost from the second phase of the Bharatnet national program. This program is extending fibre to 250,000-gram panchayats. The prestigious Bharatnet program has provided major impetus to fibre deployment activity in late 2017 and 2018, and other operators, including CATV and telecom companies are also deploying fibre to support broadband service businesses. The main carrier Reliance Jio which has disrupted India's telecom industry by rapidly building up a 4G network, basing this success, Jio is turning its interest to fixed broadband - FTTH services which will provide major demand push for fibre deployment across the country in the times to come.

So far, 2018 world quarterly shipments of bare fibre averaged 149 million fibre-km for the year, the full-year shipments are expected to cross 596 million fibre-km, which is 11% higher than the average quarterly rate in 2017. Industry estimates pronounce that the world's total preform capacity has also increased in 2018, therefore reducing the major demand supply gap which existed in 2017. World fibre demand is expected to move up further after China Mobile submits its orders, which is expected sometime in Q4 2018. Chinese carriers have already started preparing for 5G deployments. In August 2018, China Mobile floated a tender for procuring 83,200 units of 4G "pico-station" equipment. A pico- station or picocell is a small cellular base station typically covering a confined area, such as in-building. With the upcoming 5G era, the demand for deep fibre penetration will greatly increase the number of micro-station and pico-station facilities. 5G will be one of the key growth drivers for optical cable demand through the next decade.

Press Release
Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], the leading Indian manufacturer of Optical Fibre, Optical Fibre Cables, Fibre Reinforced Composites and a major e-Governance & Turnkey service provider reported its Q1 FY19 financial results.
Aksh Optifibre witnessed improved financial performance in Q1 FY2019. During the quarter gone by company achieved its highest ever quarterly profitability. EBITDA margins stood at 23%, as against 10% in the corresponding quarter in the previous year. Profit After Tax at Rs 13 Crore reported a significant increase of 509% as against Rs 2 Crore in the corresponding quarter in the previous year.

Particulars	Standalone Financial Results
	Q1'19	Q1'18	YoY
Total income	141	123	15%
EBITDA	32	12	169%
PAT	13	2	509%
EPS (Rs/Share)	0.80	0.13	498%

In the quarter gone by, Company has successfully commissioned its Silvassa and Mauritius's OFC capacity. With this company's total OFC production capacity now stands at 10.7 Mn FKM. Construction work at company's Dubai Optical fibre manufacturing facility is going on seamlessly and it is expected to start the commercial production by January 2019. Company's FRP production facility in China is expected to start the commercial production in September 2018. On the Ophthalmic Lens front, company is slowly and gradually making efforts and paving its way deeper to establish its brand in the Indian Lens market.

Mr. Satyendra Gupta, Deputy Managing Director at Aksh Optifibre Limited, commented,"Due to the relentless efforts of the management towards maximising its internal operational efficiencies and cost control measures, we have been successful in delivering healthy margins for the quarter gone by. As stated in the previous quarters also, we remain completely focussed and committed to bring more efficiencies into our operations and improve our bottom line further to the optimal standards that are prevailing in the industry. We expect that going forward we will be able to carry out our operations at optimal capacity utilization in most of our product segments. We are also hopeful about the contribution and positive impact of our capacity expansion initiatives that we have taken recently and we expect its further positive outcomes to become fully visible in the following quarters of the financial year 2019.."

Industry Outlook

With top telecom carriers in China, US, Japan, Korea & Taiwan, embarking upon mounting up their base for 5G deployments, reflects the persistent growth aspects of increasing fibre demand for 2019 & 2020 put together. Recent estimates reflects ~295 million km bare fibre was produced across the globe in H1 CY 2018, this should further translate into ~610 million km of total fibre production by the end of H2 2018, as against last year's total fibre production of 535 million, on the back of new preform & fibre drawing capacities coming online this year. The segments responsible for catapulting the fibre demand further are FTTH, Data centres & new backbone networks. With China's Ministry of Commerce (MOC) recent announcement on anti-dumping duties on imported optical fibre from US effective 11th Jul'18, will further strengthen the outlook of Non-US fibre producing countries to garner US's Fibre share in the Chinese market.

Growth drivers and fibre demand outlook on the domestic front appears to be quiet robust, considering India being the 3rd largest consumer of optical fibre cable after China & USA, and on the back of Reliance Jio's aggressive plans for FTTH Services & Bharat-Net program to connect village & rural gram panchayat's. As per the latest Draft National Digital Communications Policy - 2018, the Govt of India's key initiatives to be given high emphasis will inter alia include Facilitating Fibre-to-the-tower programme to enable fiberisation of at least 60% base stations thereby accelerating migration to 4G/5G. As per the policy, "India has approximately 1.5 million kilometres of OFC, and less than one-fourth of the towers are fibre-connected. In order to expand mobile and broadband connectivity across the country, it is necessary to explore and utilise the opportunities presented by next-generation-networks like 5G and other pioneering network access technologies including satellite communications. We expect that India should continue the current growth in digitization so as to achieve at-least 90% digital connectivity across the country, as envisaged by the govt. of India, It can be safely expected that India's demand should continue to grow rapidly in the years to come.

Press Release
Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], the leading Indian manufacturer of Optical Fibre, Optical Fibre Cables, Fibre Reinforced Composites and a major e-Governance & Turnkey service provider reported its Financial Year 2018 financial results.
Aksh Optifibre finished an excellent FY2018 with strong financial numbers. During the year company achieved its highest ever standalone turnover of Rs 594 Crore, as compared to Rs 484 Crore in the preceding financial year, registering a growth of 23%. EBITDA margins at 12% also witnessed improvement, as against 11% in the previous year. Standalone PAT at Rs 23 Crore reported a significant increase of 68% as against Rs 14 Crore in the previous financial year.

Particulars	Standalone Financial Results						Consolidated Financial Results
	Q4'18	Q3'18	QoQ	FY18	FY17	YoY	FY18	FY17	YoY
Total income	171	155	10%	594	484	23%	627	514	22%
EBITDA	26	20	29%	74	55	34%	76	54	41%
EBITDA Margin	15%	13%		12%	11%		12%	11%
PAT	9	7	40%	23	14	68%	21	10	119%
EPS (Rs/Share)	0.55	0.40		1.40	0.84		1.28	0.59

Board of Directors of the company has recommended dividend of Rs 0.30/- per share (i.e 6%), subject to shareholders' approval.

With Silvassa and Mauritius's OFC capacity coming on stream in June 2018, company's total OFC production capacity will stand at 10.7 Mn FKM. Ground breaking for Dubai Optical fibre manufacturing facility has also commenced and construction activities at the site are going on at the full swing. Construction work at company's FRP production plant in China is also on track, and it is expected to start the commercial production in September 2018. Also, company's Opthalmic Lens division has successfully rolled out its first batch of its finest quality lenses into the market.

Mr. Satyendra Gupta, Deputy Managing Director at Aksh Optifibre Limited, commented, "With immense pleasure I would like to state that investments made by the Company in the previous years has lead FY2018 to be an outstanding growth year. We exited the financial year by running at optimal capacity utilization in most of our product segments, onus of this success goes to the committed customer demand that supported our capacity expansion initiatives. We also expect to see the incremental benefits of our capacity expansion initiatives in the financial year 2019 and beyond, going forward this will also pave the way for sustainable growth for the company.

Industry Outlook

With over 4 billion people around the world using the internet, much of this year's growth in internet users was driven by more affordable smartphones, wearable internet devices and mobile data plans. More than 200 million people got their first mobile device in 2017, and two-thirds of the world's 7.6 billion inhabitants now have a mobile phone. The number of mobile phone users in 2018 stood at 5.135 billion, up by 4 percent year-on-year. On the back of ~ 520 million fibre-km bare fibre getting consumed across the globe in 2017, the world fibre demand continues to be unabated; with parallel strengthening of Optical Fibre prices the outlook for the industry appears to be optimistic going forward. In conjunction with the buoyant China's demand for Optical Fibre, the key factors that will play a major role in driving the trajectory for optical fibre demand will be 5G internet mobile telephony rollout, which will further enhance the fibre demand by manifold times. Also, major traction in data demand can be attributed to the forthcoming data wave that will be ignited by block chain technology.

On the domestic front also, the outlook appears to be encouraging with Government laying special emphasis for accomplishing Bharat Net II project through Optical fibre network, this too shall get accomplished before the scheduled timeline of December 2018. In conjunction with Niti Ayog projecting 9% GDP by 2022, backbone of strong and dense optical fibre network will be imperative to achieve the projected scale and growth for the Indian economy.

Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], the leading Indian manufacturer of Optical Fibre, Optical Fibre Cables, Fibre Reinforced Composites and a major e-Governance & Turnkey service provider reported its Q3 FY18 financial results.

During the quarter company achieved turnover of Rs 155 Crore, as compared to Rs 145 Crore in the preceding quarter. EBITDA margins at 12% also witnessed improvement in the current quarter, as against 11% in last quarter. PAT at Rs 6.5 Crore reported a healthy increase of 30% against Rs 5 Crore in previous quarter.

Quarter Ended December, FY18					Rs Crore
Particulars	Dec-17	Sep-17	Dec-16	QoQ	YoY
Total income	155.3	145.2	129.0	7%	20%
EBITDA	18.4	15.4	12.2	20%	51%
EBITDA Margin	12%	11%	9%
PAT	6.51	5.02	1.25	30%	422%

Mr. Satyendra Gupta, Deputy Managing Director at Aksh Optifibre Limited, commented, "Amidst the rapidly increasing global demand for data traffic originating consequent to artificial intelligence and hyper connected smart devices there has been need for deploying more and more fibre across the globe including India. Indian Optical fibre Industry is experiencing the never before demand consequent to rampant demand from digital India. The roll out of the Bharat net project, the world largest rural broadband project connecting 250000 gram panchayat will increase the demand for the optic fibre by manifold times. Consequent to the proactive steps taken by the Company towards enhancing its operational capacities and backward integration the quarter gone by witnessed the significant positive impact on the top line and bottom line of the company. With the capacity increase in place, the Company will look forward for the reduction in cost of production further."

Capacity expansion update

In conjunction with the growing demand for optical fibre cable globally, the management takes great pleasure in announcing the successful commissioning of its expanded capacity of Optical Fibre & Optical Fibre cable at its manufacturing facilities in its Bhiwadi (Rajasthan, India). After the expansion, company's Optical fibre manufacturing capacity now stands at 3 Mn FKM Per Annum, from 1.5 Mn FKM Per Annum . OFC manufacturing capacity now stands at 9 mn FKM Per Annum from 4.5 Mn FKM Per Annum earlier. AOL FRP Division, manufacturing arm of AOL FZE (Wholly owned subsidiary of the company) located in Dubai, has also successfully commissioned it's enhanced Fibre Reinforced Plastic Rod (FRP) capacity from 0.4 Mn Kms to 1.4 Mn KMs. Company's expansion projects in China, Mauritius and Silvassa are also on track.

Considering the buoyant demand for Optical Fibre cable across the globe, company endeavours to operate its newly expanded capacity to the optimum utilization levels and offer an extensive range of high quality optical fibre cable solutions to its marquee global clients.

The trial run for developing the ophthalmic lens is in progress at its state of the art ophthalmic lens production facility in Kehrani, Rajasthan(India) and the commercial production will commence early next month.

Funds Raising Update

Board of Directors in its meeting held on February 12, 2018, approved fund raising up to USD 35 Million through issue of equity shares/ convertible instruments by way of QIP or FCCB. Board also approved issuance of convertible warrants to the promoters for an aggregate sum of Rs 42.5 Crore divided into 1 Crore warrants convertible into 1 Crore equity shares at a price of Rs 42.5 per share. The funds so raised will inter-alia be utilized for capital expenditure required for ongoing/future expansions, working capital requirements and other general corporate purposes.

Industry Outlook

The world fibre demand appears to be buoyant going forward, witnessing a double digit growth for the fourth consecutive year, it is estimated that ~ 520 million fibre-km bare fibre was consumed across the globe in 2017, which lead to the continued shortage resulting in further surge of fibre prices. As per the industry estimates new preform capacity which came on-line during 2017, has only marginally helped in bridging the demand supply gap. With approx consumption of 280 million fibre-km in 2017, the Chinese demand for Optic Fibre will play a major role in determining the trajectory for the world's cable market growth, wherein Chinese demand for optic fibre is expected to surpass the industry growth, which took place last year.

New Delhi- 13th November, 2017: Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], the leading Indian manufacturer of Optical Fibre, Optical Fibre Cables, Fibre Reinforced Plastic rod and a major e-Governance & Turnkey service provider reported its Q2 FY18 financial results.
During the quarter company achieved Revenues of Rs 145 Crore, as compared to Rs 115 Crore registering a growth of 26% on QoQ basis. EBITDA of Rs 15 Crore up by 41% on QoQ basis. EBIDTA margins have improved to 11%, as against 9% in previous quarter. PAT also increased to Rs 5.06 Crore from Rs 2.14 Crore.
Q2 FY18 Financial Summary

Gross Revenue at Rs. 145 Crore, up by 26% on QoQ basis.

EBIDTA at Rs. 15 Crore, up by 41% on QoQ basis.

PAT at Rs. 5.02 Crore, up by 134% on QoQ basis.

Mr. Satyendra Gupta, Deputy Managing Director at Aksh Optifibre Limited, commented, "The quarter gone by has witnessed certain positive events which will shape a better future for the organisation in the times to come. Consistent efforts towards expansion of existing operations and strengthening core processes will lead to fruitful results in the quarters to come. The margins will strengthen further in the near future, as Company has taken steps to mitigate the risk from high raw material prices, by making operational its additional optical fibre capacity in its Bhiwadi plant facility. The Ophthalmic lens facility is in the process of rolling out its first batch of lenses soon, for which the trial run has already started."
During the quarter gone by the company's order execution remained robust as a result it achieved improved turnover, compared to the previous quarter. Despite, witnessing challenges in sourcing the key raw material for its optical fibre cable segment at the economically viable prices, company has still managed to improve its margins due to setting up its additional optical fibre towers in its Bhiwadi plant facility, which has become operational during the end of the quarter. However, the complete impact of the decreased cost of raw material will get fully captured in the subsequent quarters to come.
With the objective to maximize shareholders value and improve the competitive position of the combined entity, the company has merged its subsidiary company APaksh broadband Ltd with its parent company Aksh Optifibre Ltd. This initiative shall facilitate better integration, financial strength, tax savings and stronger balance sheet of the amalgamated entity.

Outlook
With the global IP traffic rising at rates above 20% per year, world cumulative fibre deployment passed a total of 3 billion fibre Km in 2016. Expected rollout of 5G will open new horizons and support new applications and new business cases for carriers, including: automotive, smart city, commercial M2M, other revenue streams. IoT and 5G is expected to spur fibre deployment in local areas and backbones. New mobile infrastructure will be expected to deploy extensive fibre and power networks. Mobile operators will be bound to use fibre for backhaul and fronthaul in most locations to meet bit-rate and latency requirements.
Amidst all the fibre oriented action taking place globally, Aksh is poised to grow and maintain its global market positioning. In concurrence with the global demand, the company has embarked upon its journey of global presence by expanding its footprints and has already announced capacity expansion plans for Optical Fibre & Optical Fibre Cable in Dubai and Mauritius. These plans are at a nascent stage of development, and will be favourable for the overall growth of the organization once being rolled out.

New Delhi- 30th August, 2017: Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], In accord with the Prime Ministers Mission of Banking for Everyone & Financial Inclusion, Aksh Optifibre Ltd is pleased to inform that its services division has been successful in getting empanelled as National Level Bank Correspondent for Bank of Baroda.
Under this programme AKSH plans to setup 5,000 banking kiosks through its flagship services arm "1 STOP AKSH" in the upcoming year. Under "1 STOP AKSH " the company is operating 10,000 plus existing e-Mitra kiosks in Rajasthan, out of which 500 plus are already serving as banking kiosks. The company also plans to mobilize the rest of the "1 STOP AKSH" kiosks to offer 360 degree banking services, which will be operated on behalf of Bank of Baroda primarily in the rural areas. The services offered will comprise of opening of Saving bank, Time Deposit & Recurring Deposit accounts, collection of biometric and demographic details, providing Micro Insurance and processing loan applications. The key focus areas for Aksh will be to create awareness and educate rural habitants about savings habits, use of micro finance solution & RuPay card, along with imparting knowledge about optimal funds management practices and debt counselling.

Management Outlook
"The Government of India plans to nurture a digitally empowered nation and it promises to digitally connect every individual and household of the country. In sync with The Government of India's "Digital India" initiative, Aksh with its "1 STOP AKSH" kiosk network commands a strong position to connect to the end user by leveraging its e- Governance platform to offer wide variety of services and products.
Being a national level engagement programme it will gradually allow Aksh to charter into the e-Governance and services territories beyond Rajasthan. AKSH is foreseeing a buoyant e-Governance and services business through banking, Smart city and UIDAI verticals. BOB tie up will be an essential steppingstone for Aksh to expand its services division's operational footprints Nationally".

New Delhi- 12th August, 2017: Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], the leading Indian manufacturer of Optical Fibre, Optical Fibre Cables, Fibre Reinforced Composites and a major e-Governance & Turnkey service provider reported its Q1 FY18 financial results.
Mr. Satyendra Gupta, Deputy Managing Director at Aksh Optifibre Limited, commented, "The quarter went by featured steady margins growth, where top line remained a little subdued due to constraints faced from the supply of raw material. However the Company expects revenues to grow going forward, as the Company has taken steps to counter the raw material related issue by doing backward integration and has successfully set up its additional optical fibre capacity, which will get operational in the early third quarter of financial year. The key accomplishments of this quarter were securing the prestigious Jaipur Smart City Project and healthy order book in OFC & FRP segment. We are moving towards a path to accelerate growth with a focus on three key priorities: growing revenues, expanding our product portfolio, and strengthening Aksh's presence on the global front."

Q1 FY18 Financial Summary

1. Gross Revenue at Rs. 123 Crores, down by 15% on QoQ basis, highest ever in Q1
2. EBIDTA at Rs. 11 Crore, higher by 61% on QoQ basis
3. PAT at Rs. 2.18 Crore, against the loss of Rs. 0.58 Crore during last quarter.

Management's consistent efforts in the past few quarters towards achieving greater operational efficiencies and enhanced business efficacy has resulted in recording stable margins growth during the quarter gone by. The Company also witnessed certain challenges in sourcing the key raw material for its optical fibre cable segment at the economically viable prices, hence the Company remained strategically selective in its order execution to maintain healthy bottom line. On the back of robust order book of above Rs 300 Crore, the management is confident about the healthy revenue growth in the quarters to come. Also, In order to offset the dependency on the soaring raw material prices and its supply related constraints, the Company has already embarked upon its journey towards backward integration and has successfully set up additional optical fibre towers in its Bhiwadi plant facility, which will become operational during early third quarter of the financial year, whereby doubling its optical fibre capacity.
The Company's diversification plan to venture into country's under penetrated ophthalmic lens segment is progressing successfully, and Company's state of the art ophthalmic lens plant in Kaharani (Rajasthan) is progressing as per schedule and will be operational within the second quarter of financial year.
In sync with the smart cities mission of The Government of India, Aksh has successfully forayed into Smart City projects with a vision for planned development and progressive growth in various cities of the country. The Company has been awarded the eminent Jaipur Smart City Project. The project envisages development of Smart City through laying of optical fibre cables, providing smart lighting systems and IP based traffic surveillance solutions.

Outlook
The Company's management is confident about the unparalleled and robust demand in the optical fibre segment which is growing at a torrid pace and is set to maintain its buoyancy globally as well as domestically. Impetus in the optical fibre cable segment is expected to witness growth due to installation of broadband data lines, proliferation of connected devices (IoT) and the rise in adoption of 3G, 4G and evolution of 5G telephony.
World's installations of optical cable totalled 229 million fibre-km in H1 2017, which represents an increase of 9% from H1 2016. The corresponding amount of bare fibre shipped to cable manufacturers is expected to close calendar year 2017 to a record level of 500 million km.

Jaipur, 30th June, 2017: Aksh Optifibre Limited (AOL), the leading Indian manufacturer of Optical Fibre, Optical Fibre Cables, Fibre Reinforced Composites and a major e-Governance service provider was recently honoured with the prestigious Bhamashah Award for its stellar contributions in the development of Education in Bhiwadi and Reengus, Rajasthan
The Education Department, Govt. of Rajasthan duly recognized and appreciated Aksh Optifibre Limited's CSR initiatives in the field of Education for the third consecutive year and has bestowed the prestigious "BHAMASHAH AWARD" to both of its manufacturing locations at Bhiwadi and Reengus on the occasion of Bhamashah Jayanti on 28.06.2017 at Birla Auditorium, Jaipur. The award was presented by Honourable Chief Minister of Rajasthan Smt. Vasundhara Raje Scindia to Aksh Optifibre Limited
The organization has undertaken a series of initiatives for the social development & empowerment of the country. Under Aksh CSR initiative 'Muskaan', the organization further improved the infrastructure of its adopted Govt. Secondary School in Santhalka (Bhiwadi) by providing another 100 sets of class room furniture, construction of school main gate in secondary section, setup of e-learning class room, installation of CCTV camera, repairing of class rooms, ground levelling & development of pathway using interlocking tiles, plantation of trees & development of lawn, bala painting & writing work, carpets for yoga classes and providing full time employee for day to day cleaning and housekeeping activities
Under 'ShikshaHamaraSwabhiman' at Reengus (Sikar), the organization has adopted three government schools, Govt Girls Sr. Sec School, Reengus, Govt Sr. Sec School Reengus and Govt. Upper Primary School, Parsarampura. Here, Aksh Optifibre Limited developed infrastructure such as construction of tin shed, setting up of e-learning class room, painting & renovation of building, light & invertor fitting, providing music instruments, educational painting in class rooms and more
On this momentous occasion, Mr. Ramgopal, ED at Aksh Optifibre Limited, commented,
"Corporate Social Responsibility is one of the key benchmarks of Aksh's societal responsibility and commitment and such token of appreciation not only motivates us to explore new avenues to create more society friendly campaigns in the future but also to continuing partake in with utmost enthusiasm."
Bhamashah Awards honours the year's most powerful, innovative and comprehensive CSR efforts that have made a deep impact on the economic and social upliftment of the society. These awards celebrate individuals and organizations that championed the incredible impact CSR campaigns can have on our communities

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.

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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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