Financial Daily from THE HINDU group of publications
Saturday, Feb 11, 2006
Financial Daily from THE HINDU group of publications Saturday, Feb 11, 2006 |
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Corporate
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Outlook Easun Reyrolle expects to double turnover Our Bureau
Chennai , Feb. 10 THANKS to a healthy orderbook of over Rs 70 crore, Chennai-based Easun Reyrolle Ltd expects a turnover not less than Rs 100 crore for the current year, nearly double the size from last year. In the first nine months of the current year, it achieved a turnover of Rs 76 crore and pre-tax profit of Rs 14.62 crore, compared with Rs 31 crore and Rs 6.25 crore respectively in the corresponding period last year. Sensing opportunities in the growing power (transmission) sector, the company has ventured into new products and services, for which it proposes Rs 20-crore capital spend over the next two years. The company, a joint venture in which Reyrolle of UK has 23 per cent stake, manufactures various kinds of relays. Last August, it took over the switchgear business of Easwaran & Sons Engineers Ltd for Rs 5 crore. In the current year, the switchgear business is likely to fetch sales of Rs 10 crore. A Rs 12-crore facility for the manufacture of switchgears and circuit breakers, will come up at Hosur, Mr Hari Easwaran, Chairman, Easun Reyrolle, told a press conference here. The Hosur facility would also be available for use to other manufacturers. Mr J.D.N. Sharma, Chief Executive of Easun Reyrolle, said the company was in talks with "some European companies". Simultaneously the company has entered two new areas — automation and metering — and one new service, construction of projects on turnkey basis. Easun Reyrolle has brought out a new product called `Cluster Meter', which won an award at the ELECRAMA 2006 fair held in Mumbai last month. The device meters the electricity consumption of all units in, say, an apartment building or a shopping mall, as opposed to having individual meters for each unit. Terming the product "unique", Mr Easwaran said it would save "an enormous amount of floor area, cabling costs, panel costs and attendant overhead costs."
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