Ortel plans Rs 30cr investment to ramp up its cable, broadband & tele capacity

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Ortel Communications Ltd, the only triple player in Orissa (cable, broadband and telephone), will invest Rs 30 crore during the current fiscal.

"We are committed to investing heavily in our core business of broadband networking with a view to optimising our top line," said Ortel vice-president BP Rath. According to him, the total cumulative investment will touch Rs 100 crore by the end of the fiscal.

Rath said the Rs 30 crore will be a mix of equity and debt components and that the promoter company will chip in Rs 10 crore as equity. He said the investment would be for expansion and upgrading of the cable and broadband network.

Ortel, which is currently providing triple services in nine cities and towns of Orissa, is planning to enter Berhampur, the biggest city in southern Orissa.