Financial Daily from THE HINDU group of publications
Thursday, Jun 08, 2006

Cross Currency

Group Sites

Corporate - Outlook

Samtel to increase picture tube output

Deepak Goel

Plans investment to the tune of Rs 310 crore

Kanpur , June 7

Samtel Group plans to increase its television picture tube manufacturing for both domestic and overseas markets with a total investment of Rs 310 crore.

"We will have a production capacity of 8.5 million picture tubes this year and around 10 million tubes next year, from the current capacity of half-a-million tubes," said Mr Satish Kaura, Chairman and Managing Director, Samtel Group.

A new manufacturing facility has been set up already in Kota, Rajasthan, besides expanding capacities at the existing plant in Dadri, Uttar Pradesh.

Out of the total production of about 10 million picture tubes next year, the company plans to export about 3-3.5 million units, said Mr Kaura. "We are also planning to manufacture plasma screens of 40-inch-plus sizes and also flat screens," he added.

The company has set up a prototype development centre for organic light emitting diode (OLED) screen at IIT - Kanpur. The Samtel Centre for Colour Display Technologies has been set up in collaboration with the Department of Science and Technology and IIT - Kanpur at a total cost of Rs 25 crore. The Union Minister for Science and Technology, Mr Kapil Sibal, dedicated the centre to the nation.

In the first phase, the centre will develop OLED screen for mobile handsets. Facilities for fabrication and characterisation have been set up at the centre.

The graduate and undergraduate students as well as the project scientists at IIT - Kanpur will contribute towards research at the centre.

More Stories on : Outlook | Television Sets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
IOC liquidates oil bonds worth Rs 835 cr

Air Deccan on revamp mode
`India cannot survive only as low-cost producer'
Ranbaxy ties up with Zenotech for oncology products
Genetix ties up with Labmate
SJS, Serigraph in joint venture
L&T approves 1:1 bonus issue
REL aims to generate 16,000 MW
Janapriya weighing fund-raising options
Biocon's cancer drug gets `favourable review'
Samtel to increase picture tube output
JCB India aims to boost sales in AP
Who will take over from Murthy in August?

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line