Aksh Optifibre Ltd share Price

Aksh Optifibre Limited (AOL) originally promoted by Choudhari and Navani family with Dr Kailash S Choudhari as the sole promoter, was established as a private limited company on March` 1986 in the name of Aksh India Private Limited and was converted into a public limited company on March` 1994 and subsequently changed its name to Aksh Optifibre Limited to properly reflect the core activities of the company. AOL originally used to manufacture and export PVC and PE Insulated Speciality Cables and later on diversified into Optical Fibre Cables. AOL manufactures largest capacity of Optical Fibre Cables in India and is one of the few manufacturers who have integrated their operation backwards in production of Fibre and Preform. All the plants are ISO-9002 certified by Underwriters Laboratories, U.S. for drawing and insulating of nonferrous wire. The company is one of the few which has capabilities of manufacturing Proof Cable which used to manufacture bullet proof articles. In addition to domestic market, the company exports cables to western markets like U.K., Indonesia and Thailand. During the year 2000, the company has entered into a scheme of merger with Telecords (India) Private Ltd., as a major step towards backward integration for manufacturing FRP rods, one of the principal raw materials use to manufacture optical fibre cables and hence will be the only one in India that manufactures FRP rods as well as optical fibre. The company has initiated steps to build an additional state-of-the-art facility to manufacture FRP Rods, Optical Fibre and Proof Cable at Khatushyamji - Ringus and has acquired 1,88,720 sq.mtrs. of land with its installed capacity from 120,000 to 30,000 km per annum. The company believes that its capacity to manufacture FRP rods will be the highest in the world. The company is planning to expand their current capacities of optical fibre cables to 2,10,000 ckm. Fibre capacity to 53,00,000 lkm and FRP capacity to 10,00,000 km by Mar`02. AOL is in the process of incorporating two wholly-owned subsidiaries which will be up and running within 15 months. Of these, one subsidiary will offer telecom solutions to bandwidth owners and the other will deliver convergence solutions (addressing the fiber-to-home domain) through services like voice telephony, fast Internet downloads and video-on-demand.