The partnership with Hitachi is for big data analytics, said KK Singh, CMD, Rolta India
Hitachi to give us access to the Japanese market, as well as to international markets.
K K Singh
CMD
Rolta India
Talking about the Rolta & Hitachi India partnership to explore new opportunities, KK Singh, CMD, Rolta India said the partnership would give the company access to international markets like Japan and also exposure to Hitachi clients.
According to Singh, the partnership would bring together the cutting edge hardware technology of Hitachi and Rolta's application software expertise and would help to bid aggressively for infra projects related to smart cities.
The partnership with Hitachi is for big data analytics, said Singh.
The company plans to set up a joint venture with Hitach for manufacturing facility in India and do certain exclusive projects with Hitachi. The JV if established would bring in around Rs 50-100 crore, out of which around fifty percent share would be of Rolta, said Singh.
Below is the transcript of KK Singh's interview with Latha Venkatesh & Sonia Shenoy on CNBC-TV18.
Sonia: If you can describe what exactly the partnership between Rolta & Hitachi India is. Is this a joint venture that you will form with Hitachi India and what kind of investments are you looking at?
A: This is a partnership to explore certain new areas which are in focus of Hitachi especially in infrastructure and that of Rolta in big data analytics. Therefore, we are going to do some projects exclusively together and bid them.
In the meanwhile we will also explore if we can setup a joint venture for manufacturing anything under Make in India programme here and also look for setting up some exclusive team for marketing to start with.
Latha: When you say big data, it largely ties in with what you are already doing, isn't it?
A: Hitachi provides lot of cutting edge hardware and we have lot of application software. They also have some platform software, so we will be combining our solutions and taking them to various parts of the world.
Latha: Does it give you an advantage. Are you able to bid for larger projects or maybe Japanese clients? What advantage does Hitachi give you?
A: They give us access to the Japanese market as well as to international markets, where they are more established and they their clients. The advantage is that we have the application software which enables their platform and their other solutions to be sold and then we can go forward.
transcript to follow
Rolta stock price
On March 25, 2015, at 11:13 hrs Rolta India was quoting at Rs 168.25, up Rs 5.40, or 3.32 percent. The 52-week high of the share was Rs 196.80 and the 52-week low was Rs 71.35.
The company's trailing 12-month (TTM) EPS was at Rs 50.68 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 3.32. The latest book value of the company is Rs 122.95 per share. At current value, the price-to-book value of the company is 1.37.
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