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Thursday, Nov 18, 2004

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Fenesta hopeful of Rs 100-crore turnover in 5 yrs

Our Bureau

Mumbai , Nov. 17

FENESTA Building Systems (FBS), a division of Rs 1,550-crore DCM Shriram Consolidated Ltd (DSCL), is looking at a turnover target of Rs 100 crore within the next five years.

It recently announced the launch of its operations in Mumbai.

The company has introduced its range of UPVC windows and door systems under the Fenesta brand. "The presence of Fenesta in Mumbai is critical to our business plan, as it is the largest metropolis in India," said a news release quoting Mr Ajay S. Shriram, Chairman and Senior Managing Director, DSCL.

DSCL has invested Rs 30 crore in this division.

The company plans to invest another Rs 2 crore per fabrication unit that will come up over the next two years.

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