ITI, the loss-making state-run telecom equipment manufacturer, is working out ways to reduce dependency on BSNL and MTNL, the largest customers of the company. This has been necessitated by a significant
drop in the revenue contribution from these companies during the financial year 2010-11, K L Dhingra, CMD of ITI Ltd told Business Standard.
The company wants to reduce its revenue exposure to these companies to 60-65 per cent during the ongoing financial year, from the earlier 80-85 per cent, Dhingra said. ITI, which reduced losses in 2010-11 to Rs 382 crore from Rs 459 crore, reported a year ago, saw a significant drop in revenues in the year ended March 2011. The revenues of the company dropped over 54 per cent to Rs 2,101.2 crore compared to the previous year.
drop in the revenue contribution from these companies during the financial year 2010-11, K L Dhingra, CMD of ITI Ltd told Business Standard.
The company wants to reduce its revenue exposure to these companies to 60-65 per cent during the ongoing financial year, from the earlier 80-85 per cent, Dhingra said. ITI, which reduced losses in 2010-11 to Rs 382 crore from Rs 459 crore, reported a year ago, saw a significant drop in revenues in the year ended March 2011. The revenues of the company dropped over 54 per cent to Rs 2,101.2 crore compared to the previous year.
