Infotech earmarks Rs 160 cr capex for FY09

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Noida, Sep 22 (UNI) Software services firm Infotech Enterprises Ltd today said it plans to invest Rs 160 crore for the current fiscal.

''We have planned a capital expenditure of Rs 160 crore in 2008-09,'' Chairman and Managing Director BVR Mohan Reddy told reporters here.

He said the company does not see any significant impact of the US slowdown on its order inflow.

The company is confident of achieving its sales target of Rs 900 crore this financial year, he added.

UNI SR SBA HS1817

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