The Hindu Business Line : Universal sets revenue target of Rs 550 cr in 3 years

Pune, Nov 28 The Pune-based Universal Construction Equipment and Machinery Pvt Ltd, an equipment and machinery maker, has set revenue target of Rs 550 crore in the next three years.

Talking to presspersons, Mr. Ranjeet R Moray, Managing Director, Universal Construction, said it has launched a transit mixer and mobile concrete batching plant today at Constro2007. He said the transit mixer has spiral blades which are continuous and are provided with safety guard on rear wheels.

Price range

The mixer is priced at Rs 7.95 lakh (ex factory) and has been fitted with Kirloskar’s aircooled diesel engine. He said it was planning to sell around 35 transit mixers by March 2008 and 500 by the end of the next fiscal.

The mobile concrete batching plant with a capacity of 30 cubic million per hour and easy to shift with less foundation cost was also launched, priced at Rs. 29 lakhs. By March 2008, it was expecting sales of 40 machines and 175 by the next fiscal.

Capacity

Mr. Ranjeet said it has begun the production of these two products at its facility at Shivre, about 20 kms from Pune and said it has a production capacity of around 3,000 transit mixers and 400 batching machines. He said within three years, the capacity would be fully utilised.

Three players

Mr Ranjeet said there are three major players —Shwing Stetter (Germany), Cifa (Italian) and Greaves—in the market.

The total market requirement was around 8,000 machines per year. Commenting on the financial performance of the company, he said it had closed the year March 2007 with a revenue of Rs. 105 crore and was targetting Rs. 175 crore for the current fiscal.

The company is looking at a target of Rs. 550 crore within the next year and the next fiscal would see about Rs. 75 crore from the two new products launched today. He said out of the Rs. 175crore, Rs. 30 crore is expected from exports.

Exports

It has 15 distributors and its export destinations are Germany, the Netherlands, the US, Australia, South Africa and the West Asia.

Mr. Ranjeet said it would be coming out with tower cranes next year and was toying for a partnership. He added that it was also looking out for private equity next year and maybe a listing two years later.

More Stories on : Outlook | Real Estate & Construction | Engineering | Maharashtra

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page