Business Daily from THE HINDU group of publications
Saturday, Aug 05, 2006

Cross Currency

Group Sites

Corporate - New Projects
Khaitan Electricals to invest Rs 50 cr in Uttaranchal unit

Ambar Singh Roy

Unit to make fans, CFLs

Kolkata , Aug. 4

Khaitan Electricals Ltd has firmed up plans to invest Rs 50 crore in a greenfield manufacturing facility in Uttaranchal. Mr Sunil K. Khaitan, Vice-Chairman & Managing Director, told Business Line that work on the proposed plant would begin by November this year. The investment requirement for the project would be generated through internal accruals and debt.

The plant would manufacture fans, miniature circuit breakers and compact fluorescent lamps (CFLs).Soon, the company proposes to launch water heaters under its brand. Also on the anvil is a range of low-cost modular and semi-modular switches. The company will soon launch "designer fans" in the Rs 5,000-Rs 50,000 range.

Better turnover

Plans to embark upon the manufacture of refrigerators and air conditioners are at an "embryonic stage".

With a diversified product offering, the company is hopeful of notching a turnover of Rs 400 crore in 2006-07, up from Rs 203 crore recorded in 2005-06.

As part of its marketing initiatives, the company proposes to put in place 50 exclusive "Khaitan City" franchisee outlets across the country in 2006-07. About five per cent of the company's turnover would be spent on branding initiatives.

Celebrity endorsements are also being considered, after a gap of 15-16 years.

More Stories on : New Projects | Electrical Goods

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Stempeutics set for first stem cell trials

Punjab Tractors moves CLB on Sumitomo issue
K.K. Birla suit hearing on August 21
NHPC pays Rs 223-cr dividend to Govt
Rama Newsprint reduces equity capital base
SABMiller in deal to buy Foster's India for $120 m
Dishman spreads wings in Europe
GM's new unit to have annual capacity of 1.4 lakh units
IOC to go solo on Paradip refinery project
Khaitan Electricals to invest Rs 50 cr in Uttaranchal unit
Lemon Tree hotel in Chennai by 2007-end
Ranbaxy gets USFDA nod for Risperidone
Tata Steel staff to get Rs 100-cr bonus
Syngenta, Super Spinning in pact for cotton project
Corporate social conscience
Ecology losing to corporates in a big way
NTPC Foundation gesture to disabled
Patel Engg plans to venture into hydel power generation
Ruchi Soya forays into soap segment
BPCL's interest payout may rise
Jhagadia to up capacity utilisation
Less growth at the bottom of the pyramid

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, 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