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Bangalore, July1

Kavveri Telecom Products Ltd, manufacturer of antennas and RF products for the wireless industry, has decided start contract manufacturing for its overseas customers and subsidiaries. While the domestic market has been a strong growth driver, Kavveri's ability to supply its products at a competitive price has encouraged it to embark on contract manufacturing. "We have set aside a floor for this at our new facility in Jigni", said Mr Shivakumar Reddy, Managing Director, said. Kavveri in the first quarter had won contracts worth Rs 200 crore to be executed during this financial year. The present customer base includes manufacturers such as Ericsson, Nokia-Siemens, Alcatel - Lucent and ZTE and service providers such asVodafone, Idea and Reliance Communications. The company had a consolidated turnover of Rs 157.91 crore for FY 2007-08, compared to Rs 53.57 crore during 2006- 07. The profit after tax was Rs 12 crore when compared to last year's Rs 4.61 crore. - Our Bureau

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