Paramount Comm plans to invest Rs 200 crore

Delhi-based cable manufacturing company, Paramount Communications, is planning Rs 200 crore investment over the next two-three years.

The company expects this investment will help it generate revenues to the tune of Rs 1,000 crore by 2009. Its revenues for the financial year ended March 2006 stood at Rs 225 crore.

Paramount's order book position was in excess of Rs 60 crore at the beginning of this month and order pipeline stands at over Rs 100 crore.

"We are looking at adding capacity at the existing locations as well as building new plants," said Sanjay Aggarwal, chairman and chief executive, Paramount Communications.