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CMC plans VSAT, Internet services

CMC Zonal Manager (Business Development) V Rajaraman has said the company intends to offer VSAT services on a large scale to corporations.

T O D A Y

• Wipro's piece of mind • Infosys plans ESOP • CMC may offer VSAT • Telecom stir is partial

These services will be offered in the Ku band, which is the global standard.

"There is a tremendous scope for VSAT services in rural telephony. Industries like transport and generally people involved in logistics are bound to benefit from VSAT services," Rajaraman said.

Indonet, a commercial data network providing access to major cities in the country, is an example of CMC's success in implementing similar projects, he added.

Another growth plan is to concentrate on providing Internet and other related services. The government has recently announced guidelines for companies intending to become ISPs.

"At present we are working on some projects for the Maharashtra government on a turnkey basis," Jayaraman said without divulging details.

The company recently unveiled a series solution at the Commasia networking exhibition held in Bombay. It set up a campus-wide ATM backbone network, which provided switched connectivity to various exhibition stalls, information kiosks, Internet kiosks, registration booths and the pressroom.

The backbone has features like bandwidth on demand and bandwidth aggregation. Another successful product is Nirdeshak, its differential global positioning based on vehicle tracking system, Rajaraman said. This product has bagged some major orders from firms like the Central Mining Authority of Netherlands and global merchant shipping companies.

CMC has tied up with Frontec IT Asia-Pacific, an electronic data interchange technology major, to launch the advanced EDI sever technology, AMTrix in India.

CMC has approached the government that holds about 84 per cent stake to float a Rs 1-billion rights issue to part-finance its expansion project.

CMC has an authorised capital of Rs 350 million. It also plans to place an employees stock option plan before the government.

CMC intends to infuse an approximate $1.5 million into its US subsidiary Baton Rouge International. The subsidiary had a turnover of $17 million in 1997.

CMC posted a turnover of Rs 1.486 billion for the first half of the current year. It witnessed a 72.34 per cent growth in net profits over the same period last year.

Half-yearly income was up from Rs 1.23 billion over the same period last year to Rs 1.48 billion. Net profit crossed Rs 27.2 million over Rs 15.7 million during the first half of last year. CMC expects a turnover of over Rs 3.5 billion for the current year.

- Compiled from the Indian media

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