Aksh Optifibre edges higher after bagging contract from Jaipur Development Authority

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Aksh Optifibre edges higher after bagging contract from Jaipur Development Authority	Share Back
(15:58, 21 Sep 2023)
The contract involves conversion of existing HPSV and normal LED lighting system into smart LED lighting system which are installed by Jaipur Development Authority (JDA) at various locations beyond the Jaipur Nagar Nigam jurisdiction area in JDA Region at Jaipur. In this project, initially Aksh shall replace 5000 HPSV and LED light into smart LED Light with ILC and Aksh shall maintain the project O&M for three years. The project has to be executed within a period of four months i.e. by 26 January 2024. Aksh Optifibre is a manufacturer of optical fibre, optical fibre cables and fibre reinforced plastic rods and e-governance & turnkey service provider. The company had reported a consolidated net loss of Rs 1.80 crore in the quarter ended June 2023 as against net profit of Rs 1.61 crore during the previous quarter ended June 2022. Sales declined 26.57% to Rs 58.69 crore in Q1 FY24 over Q1 FY23.
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