Crompton Vadodara unit to get Rs 30 cr

Power and industrial systems maker Crompton Greaves will invest Rs 30 crore in its fluorescence tubular lamps facility in Vadodara to hike the capacity of the plant by 50 per cent.

Crompton aims to provide a major thrust to exports, too, to make it constitute about 25 per cent of the company's sales in the next three years.

Speaking to Business Standard at the sidelines of EnConvergence 2004, a conference on energy, Sudhir Trehan, managing director of Crompton, said exports have risen from five per cent to 15 per cent in the last three years and the company intends to raise this to about 25 per cent.

"Our focus areas will continue to be power systems and industrial systems, which together constitute 68 per cent of the turnover," Trehan said.

"The capacity of the Vadodara unit, which stands at 14 lakh units per annum, will be hiked to 21 lakh units per annum," he said.

On the company's projected performance, Trehan said an overall growth of at least 15 per cent was being projected, that registered sales of Rs 1,888 crore in the year ended March 31, 2004.

He said the 15 per cent growth was likely to continue in the next two-three years.

The company has four business groups "" power systems, industrial systems, consumer products and digital products.

At present Crompton offers a range of products such as power and industrial transformers, high tension circuit breakers, low tension and high tension motors, DC motors, traction motors, alternators, generators, railway signaling equipment, lighting products, fans, pumps and public switching, transmission and access products.

Its business operations consist 21 divisions spread across Gujarat, Maharashtra, Goa, Madhya Pradesh, Karnataka and Tamil Nadu and a marketing and service network through 14 branches in state capitals.