Telecom infrastructure company Bharti Infratel on Thursday reported 29.4 per cent jump in net profit to Rs 462.8 crore for the April-June quarter of 2014-15 and it will invest Rs 1,345.7 crore in capital expenditure by the end of this fiscal.
The mobile tower company had reported a net profit of Rs 357.6 crore in the same quarter last year, according to a filing to the BSE stock exchange.
Bharti Infratel has plans to invest Rs 1,345.7 crore in capital expenditure, that include setting up new mobile towers and operational expenses, in this fiscal.
The capex includes Rs 425.3 crore for setting up new towers, Rs 530.7 crore for upgradation and replacement of some of its existing towers and Rs 276.8 crore on green technologies at its mobile towers sites, the filing showed. The company had raised Rs 3,165.7 crore in 2012 though its initial public offer for installation of 4,813 new towers.