Hyderabad: Industries Minister K. Tarakarama Rao laid the foundation stone of Greenfield project of manufacturing Optical Fiber (OF) in Fab City, Maheshwaram mandal of Ranga Reddy district on Monday.
Transport Minister P. Mahender Reddy, HFCL Chairman Mahendra Pratap Shukla, Managing Director Mahendra Nahata, Maheshwaram MLA Teegala Krishna Reddy and senior officials of Telangana Government were also present on the occasion.
The Company manufactures optical fibre cables at its Goa plant and at Chennai in Company’s subsidiary HTL Limited. In order to reduce the input cost and overcome the worldwide shortage of fibre supply, Optical Fibre manufacturing Facility is being set up at Ranga Reddy District, Telangana as a backward integration of optical fibre cable manufacturing.
The facility is expected to produce 6.4 million fibre kilometers per annum. The cost of this project is estimated to be Rs. 260 crore and it will commence production from April 2019. This is backward integration of business for HFCL and a big initiative towards “Make in India” and “Digital India” program promoted by Government of India.
This manufacturing facility will be used to produce optical fibers which are mainly used for telecommunication (4G/5G) and various networks for broadband & FTTx in India and abroad. (INN)