Infotech Enterprises to set up Rs 64cr campus in Hyd

Infotech Enterprises Limited, the Hyderabad-based engineering design, geospatial and IT services provider, has outlined a capital expenditure of Rs 64 crore for setting up a 10-acre campus at Nanakaramguda in Hyderabad. The campus will have a capacity to house 5,000 people.

Speaking to mediapersons here on Wednesday, BVR Mohan Reddy, chairman and managing director of Infotech Enterprises, said, "The campus will be built in phases. In the first phase, the campus will have a built-up area of 1,00,000 sq ft with a capacity to house 1,000 people. We plan to move into the campus by April 2007." The campus will have training and residential facilities for the employees as well.

Infotech Enterprises will be spending Rs 34 crore on plant and machinery and Rs 30 crore on development of the facility.

According to S Nataraja, vice-president (finance and accounts), Infotech Enterprises, the expansion will be financed primarily by internal accruals and partly by debt.