However, he did not give further details on how the company plans to utilise the funds but hinted at being keen on acquiring a few public sector companies. "We currently have the best in class assets and we are looking at many more nationalised companies. I want to tell the government that it should not depend on foreigners but depend on us. They (foreign investors) want to make money but we want to make the country. If the government depends on us we will also bring in foreign investment," Agarwal added.

He also said the company is keenly looking at the glass and optical fibre and cable industries.