A dividend cheque
for Rs.3.37 crores on behalf of the Indian Telephone Industries
(ITI) was presented to Shri Pramod Mahajan, Union Minister of
Parliamentary Affairs, Communications and Information Technology
here today. The Dividend cheque was presented by Shri S.K. Manocha,
Chairman-cum-Managing Director of the ITI. The cheque represents
5% dividend payable for the year ended March 2002 on the share
capital held by Government of India in ITI Limited.
ITI, the country’s
largest telecom equipment company, achieved a record production
of Rs.2458 crores during the year, registering a growth of 12%
despite a sluggish market environment. The year marked the successful
launch of Dense Wave Division Multiplexing (DWDM) equipment which
formed the country’s first national backbone optical network as
its major component. ITI continues to maintain its primacy by
supplying 8 lakh circuits of Long Distance Trunk Automatic Exchange
(TAX) equipment, 2100 KL of Switching Equipment, 260 KC of GSM
and 136 KL of CDMA-WLL (Code Division Multiple Access – Wireless
in Local Loop), 38 nos. of Time Division Multiple Access (TDMA)
and 33 nos. of MCPC VSATs, 24 Terminals of DWDM and services like
Voice over Internet Protocol (VoIP) and Managed Leased Line Network
(MLLN) in several cities.
The Company has drawn
a strategic business plan in order to increase focus on total
solutions and ITI. Matching its aggressiveness with global players,
ITI has in a very short time shown its prowess in building (Mobile
Cellular Infrastructure) GSM as well as WLL for Village Public
Telephones (VPT) programmes, catering to the demands of country’s
major operators. It is well set to meet the requirements of new
services like MLLN, MPLS-VPN (Multi Protocol Label Switching –
Virtual Private Network), VoIP, CorDECT, Billing software and
the galloping demand for mobile lines. ITI has already marked
its presence in new IT-enabled areas with businesses like call
centres, Info-Kiosks, IP(Internet Protocol) phones, etc. The recent
order to expand internet services equipment of MTNL is a significant
step in the continuing growth of the company in the IT sector.
