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Chennai, March 31

The Bhopal-based GEI Industrial Systems Ltd expects to cross Rs 500-crore mark in turnover by 2011-12. The Chairman and Managing Director of GISL, Mr C E Fernandes, told Business Line that the company has been growing at 65 per cent CAGR for the last three years. The key reason for the growth is burgeoning demand from domestic as well as overseas markets. The company’s turnover for 2006-07 was Rs 110 crore, which is expected to rise to Rs 185 crore for 2007-08. A fourth of the turnover comes from exports. As on date, the company has an order book of Rs 160 crore. The company has been manufacturing a range of products such as tube bundles for mainly three sectors—oil and gas, petroleum and power. —

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PFC floats subsidiary for consultancy services

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