TN Telecommunications plans to lease out OFC unit.

Tamilnadu Telecommunications Ltd., a subsidiary of central public sector TCIL, is considering leasing out its optic fibre cable manufacturing facility to generate revenue.

In an announcement to the BSE, the company said its order book will keep its production facility in the south of Chennai busy during the current year. However, to use its spare capacity, the company will look at leasing out the facility to those needing additional capacity. It will call for an expression of interest, the company said.

Tamilnadu Telecommunications has received a Rs. 31.9-crore advance purchase order from Bharat Broadband Network for the supply of 5,800-km of 24-fibre Double Sheet OFC, including accessories. The company will be fully engaged during the current financial year.

The company is a sick unit under the purview of BIFR with accumulated losses of over Rs. 80 crore, an official said. The order flow has been mixed, with the current year better than the last year when it had huge unutilised capacity. The unit at Maraimalai Nagar has a capacity to produce about 1,000 km of OFC a month.

HBL