Date:06/09/2006 URL: http://www.thehindubusinessline.com/2006/09/06/stories/2006090603201500.htm

Back Rolta: JV brings strength

Investment circles are said to have lately viewed Rolta positively, particularly considering the skills that its association with Thales of France is expected to bring in. The joint venture is significant from the point of view of technology transfer and in extending its revenue base to markets other than India. Incidentally, about 10 per cent of Rolta's consolidated revenue comes from the defence sector. The venture, expected to target both defence and homeland security markets in India, will be part of Thales' global network. The Rolta stock stayed flat to close at Rs 221.90 on the NSE even as 6.8 lakh shares were traded.

Nilanjan Dey