Tata Communications on Friday said it has earmarked Rs 10,000 crore capital expenditure over the next three years to enhance capabilities in core areas of operation.
?Our capex plan for the next three years is Rs 10,000 crore,? Tata Communications Chairman (Independent) Subodh Bhargava said at the company?s annual general meeting in New Delhi.
Company Managing Director and Chief Executive Officer N Srinath said the company would invest in voice and data solution out of its proposed capex plan, but did not give further details.
Tata Communications, in its annual report, mentioned that it would continue to raise additional funds from banks, bond markets, etc in line with the need for maintaining sustained growth of business.
The company had issued redeemable non-convertible debentures aggregating Rs 1,250 crore on a private placement basis last fiscal.
Bhargava said the company is looking at increasing its revenue by 20 per cent this fiscal. Tata Communications, on standalone basis, had recorded Rs 3,984 crore in FY?09 and Rs 10,223 crore on consolidated basis.