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Moneycontrol.com >> Message Board >> View Messages >> Infotech Enter
   You are here :     Moneycontrol     MMB    Stocks      Infotech Enter                         Most active discussions of 2006 , 2007 & 2008
BSE Announcements on Infotech Enter (1)   03-Jul-08 15:52Tracked by (0)  
Posted by:   MMB Messenger on ( 03-Jul-08 15:52 )
Price : [Infotech Enter - BSE:Rs. 235.00 NSE:Rs. 235.20 when posted]
Infotech Enterprises Ltd has informed BSE regarding the summary of the interview given by Mr. BVR Mohan Reddy, Chairman and Managing Director of the Company that appeared in DNA Money:

"- Infotech Enterprises Ltd expects revenues of $ 220 million (Rs 951 crore) in 2008-09
(April-March), chairman and managing director BVR Mohan Reddy said "We are expecting nearly $ 140 million (Rs 605 crore) of revenue from engineering service and $ 80 million (Rs 346 crore) from geographical information solutions space," he said.

- Infotech has already signed up orders worth $ 80 million in the engineering services space, and $ 20 million orders are in final stages, while the Company is chasing additional $ 40 million orders this year. The engineering and geographical information solutions Company is expecting orders worth $ 200 million - $ 300 million in the next two-three years, he said.

- The Company is now mulling the acquisition of a German automotive, solutions Company at an investment of $ 20 million - $25 million, he said. CMD said. "We have Rs 315 crore of cash in hand. Our aim is to buy four Companies in 2008-09."

- Infotech Enterprises plans to hire 1,500 employees during 2008-09. This addition will take the Companys total staff strength to 8,800."
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News Updates on Infotech Enter

NSE Announcements on Infotech Enter - Infotech Enterprises Ltd has informed the Exchange...
BSE Announcements on Infotech Enter - Infotech Enterprises Ltd has informed BSE that the...
NSE Announcements on Infotech Enter - Infotech Enterprises Ltd has informed the Exchange...

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