Managing director Narender Surana said that to part finance the above projects, STL will raise close to Rs 5 crore through private placement of 6.5 lakh shares of Surana Telecom and the balance will be through internal accruals.

The company is holding talks with several financial institutions for the private placement. The company is looking at the price of Rs 75 a share. However, the price fixation has not been finalised, he added. Once finalised, the equity will touch Rs 5 crore from Rs 4.35 crore, he said.According to Surana, the structured cable, with an initial capacity of 8,000 km, will be manufactured in technical collaboration with a German company.

However, he refused to give the name of the collaborator. The company is expected to finalise the deal before the month-end, he said.

Structured cables are very high-intensive cable used in computer applications, data communication, transmission, video applications etc. The demand has been projected at 1 lakh km per annum from next year.

CATV, with an initial capacity of 500 km annually, will be manufactured with in-house technology. This product is being used in cable TV networks for high quality video. According to him, STL will be investing Rs 5 crore for enhancing capacities of jelly-filled cablee and optic fibre cable by 50 per cent each to meet DoT's projected demand.

In fibre optic, the company is coming out with stainless steel `armoured cables' and 24 cables from the present 12. In jelly-filled cables, STL is going for higher size cable up to 800 pair from the 200 pair models, Surana said. The company is planning an early listing on NSE for easy liquidity, he added.