agrani satellite services ltd Management discussions


AGRANI SATELLITE SERVICES LIMITED ANNUAL REPORT 2006-2007 MANAGEMENT DISCUSSION AND ANALYSIS OPERATION: SATELLITE PROJECT: The project of satellite services is under implementation and the Company has made significant progress toward procuring the satellite transponder capacity. The Company has valid renewed CAISS Authorisation upto September, 2008 from the Government of India for establishment of Indian satellite system. The Company has entered into a satellite capacity Agreement with the vendor to provide satellite transponder capacity to the Company on an exclusive non pre-emptily and end of life basis. Your Company is actively working towards successfully completion of the project and the Directors are confident of completion in the near future.