Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], the New Delhi based leading manufacturer of optical fibre, optical fibre cables and FRP rods, has announced its results for Q4 and FY 2014-15. The company’s net profits before exceptional items and tax increased 67% to Rs.31.67 crores for the period under review.
The board has approved an expansion plan that will see capacity expansion of over 80% in its OFC business at its manufacturing plant in Reengus, Rajasthan. The FRP business is also set for expansion of 75% through its wholly-owned subsidiary AOL FZE, Dubai. The company will be investing over Rs. 95 crores for the expansion and setting up of additional manufacturing lines across the two facilities. The expansion is proposed to be funded out of debt and internal accruals.