Escorts Eyes 70% Revenue Through Celltel Business

The Rs 2,500 crore Escorts group expects the cellular telephony business to account for 60-70 per cent of its profits over the next three to four years.

According to chairman Rajan Nanda, the target is based on the assumption that the group will add a minimum of two and a maximum of four circles to its portfolio by the year-end.

The existing cellular company -- Escotel Mobile Communications Ltd -- has not achieved break-even, though it had achieved cash break-even in March this year.

The company is expected to break even by the end of this fiscal. The group