Lloyd Insulations eyes Rs 500 crore turnover

Lloyd Insulations Limited has set a target to achieve a turnover of Rs 500 crore in the current fiscal.

The company registered a turnover of Rs 400 crore in the fiscal ended March 31, 2005, of which the Chennai region's turnover accounted for Rs 80 crore.

Speaking to Business Standard, K Rajmohan, senior vice-president (Chennai region), Lloyd Insulations, said, "We expect to achieve a turnover of Rs 125 crore from the Chennai region in 2005-06."

Rajmohan said that Lloyd Insulations was engaged in several prestigious projects within the country and abroad.

"In Andhra Pradesh, we have executed insulation works worth Rs 10 core at the Hindustan Petroleum Corporation Limited (HPCL)'s refinery in Visakhapatnam. Insulation, false ceiling and flooring works worth Rs 1 crore and insulation and metal roofing works worth Rs 1.2 crore at the Jeegurupadu GVK Power Plant in East Godavari district, and fabrication, structurals, machinery erection, metal roofing and wall cladding works worth Rs 14.4 crore at RAK Ceramics in Peddapuram are currently in progress," he said.

This apart, Lloyd Insulations is executing insulation works relating to Ford and Tata cars project worth Rs 11.3 crore and insulated roofing works worth Rs 3 crore at Bangalore.

"Metal roofing works worth Rs 7 crore are being executed in Kochi," Rajmohan said. Besides, the company is executing several works worth $5 million in Iran and similar works in Sri Lanka, he added.