"At present, we deploy cables with 50 optical fibre. We are in talks with a leading Internet service provider to deploy cable with 864 optical fibre, which is more than 17 times current capacity being deployed. This will be first deployment of such high capacity in India. It will also support 5G deployment," Agarwal told PTI at the India Mobile Congress.
Edelweiss upgraded it to buy with a target price of Rs 442 per share. It feels that volumes push and government‘s sharp focus on doubling CIL‘s production by FY20 will bring cheer to the stock.
Research has established that Optical Fibre Cables would beat competing technologies such as copper and microwave in the long term, says Frost & Sullivan.