• Corporate
• Markets
• Info-Tech
• Marketing
• Money & Banking
• Agri-Biz & Commodities
• Industry & Economy
• Logistics
• Government
• Opinion
• Variety
• Columns
• States
• Web Extras
• Index

• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

• Rates

• Ports

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Subscription

• Business Line

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

NEW DELHI: Electrical equipment maker, Indo Asian Fusegear Limited (IAFL) has bagged an order of Rs 23 crore for export of electrical distribution equipment to West Africa.

“IAFL has secured an order worth Rs 23 crore to export electrical distribution equipment from West Africa,'' it said in a statement.

“Our exports turnover is increasing significantly. We hope to achieve 100 per cent growth per annum in our export turnover,'' company's joint Managing Director, Mr P K Ranade said.

He said the IAFL is also eyeing joint ventures with European companies to increase its exposure to markets in Europe and African continents.

Presently, IAFL's products are available in more than 80 countries across the globe including the SAARC nations, the European Union and the United Kingdom.

IAFL earned a net profit of Rs 13.52 crore for the financial year ended March 31 and registered an income of Rs 276.4 crore during the same period. - PTI

Prev: Aban Offshore arm's JV bags $271 mn order from Maersk Oil
Next: Further correction in steel prices soon

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line