Mumbai, Oct 04: Bharat Sanchar Nigam Ltd (BSNL) is to invest around Rs 932 crore for infrastructure development in the Maharashtra circle, even as the telecom services provider is expecting to post a 17.4 per cent increase in revenue to post Rs 3,075 crore by March 2004 from the circle. "The investment, which is in line with our plans to stay ahead of competition, will be used for building a robust infrastructure and addition of the latest technology," BSNL chief general manager R N Bharadwaj told reporters here on Friday.

The telecom companies Maharashtra circle comprises Maharashtra and Goa, but excludes Mumbai.
The company would invest around Rs 328 crore for upgrading its Wireless in Local Loop (WLL) infrastructure, Rs 154 crore for its Global Systems for Mobile Communications (GSM) and Rs 550 crore for other infrastructure, including that of its internet and fixed-line operations, he said.
The investments would be used to strengthen BSNL's Optical Fibre Cable (OFC) and trunk automation system, apart from using it for procurement of other telephony equipment, Bharadwaj said.
On expectations of an increase in revenues by 17.4 per cent, the CGM said BSNL expects to post Rs 2,650 crore from basic services during the fiscal, compared to Rs 2,474 crore registered in the last fiscal. Bureau Report