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PostPosted: Wed Apr 07, 2010 8:47 pm 
Veesons Energy chalks out 5 year biz plan, open to tap PE

Trichy-based boiler and power plant manufacturer, Veesons energy systems has chalked out a five year strategy to grow its existing process and power boilers’ business as well as add new verticals like CFBC boilers and bidding for EPC (power plants) upto 50 mw against 25 mw and utility boilers to generate upto 200 mw.

Veesons promoter and MD, V Ramakrishnan told ET, " We are targeting a minimum growth of 35% in topline every year to touch Rs 1000 crore by 2015 including exports. We will be investing Rs 100 to Rs 150 crore in the next three years.

We have a paid up capital value of Rs 5 crore. Our enterprise value is about Rs 100 crore. We are open to raising money from private equity funds".

He said during 2009-10, it clocked a 40% increase in turnover at Rs 162 crore. The order book went up by 65% to Rs 275 crore. This year, turnover is expected to be Rs 250 crore of which exports will be more than 35%.

This includes a battery of export orders valued at Rs 110 crore from South East Asia for supplying three 200 TPH boilers for sugar industries. He said the company will be shifting its corporate office to Chennai as part of the expansion programme. It employs more than 1000 people.

Recently, Veesons entered into a technical collaboration with Osmo Kaulamo Engineering Oy (OKE), Finland for producing circulating fluidised bed combustion (CFBC) boilers and chemical recovery boilers. OKE is a pioneer in the field.

Mr Ramakrishnan said the industries in South East Asian markets like Thailand, Sri Lanka, Bangladesh besides South Africa, which were traditionally sourcing the equipment from the Western countries, are now betting big on China and India for imports.

"Started as a vendor for Bhel, Trichy 30 years ago, we have developed strong fundamentals to support our ambitious growth plans. We have grown fast in boiler and small power plant market. Going forward, we will include CFBC boilers, effluent waste fire boilers, MSW fired, pulverised coal fired utility boilers, HRSG etc..,", he said.


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PostPosted: Wed Mar 31, 2010 12:23 pm 
Singapore agency eyes trade potential in tier-II cities

International Enterprise Singapore, an agency under the Ministry of Trade and Industry, tasked to promote the overseas growth of Singapore-based enterprises, is now eyeing the potential of tier-II cities in the South.

IE Singapore Centre Director, Mr Ryan ANG, said, the agency had over the past two years concentrated on tapping the potential in the metros.

“We have now turned our focus to smaller cities. This is my first visit to Coimbatore, and am struck by the fact that the industrialists of this city have been instrumental in taking it to its current heights. It's a refreshing change,” he told Business Line. Mr Ryan visited seven–eight units across sectors such as textiles, promoters and developers of real estate and machinery manufacturers over the last three days to understand the industry pulse and their interest.

Sharing his observations, he said, “a good number of them evinced keen interest in joining hands with Singapore-based companies to gain a global footprint.”

“There is scope for investments and tie-ups in the construction industry, tourism and hospitality, among others.”

Mr Ryan said he would place the proposals with the Singapore Trade and Industry Ministry for moving them to the next level.

Besides Coimbatore, the other cities that the IE Singapore Centre Director proposes to visit include Madurai, Tuticorin, Mysore, Visakhapatnam, Kochi and Thiruvananthapuram.

“We have just made a beginning,” he said.

Technology Advantage

He said there was enormous potential, particularly in the construction space.

“The construction industry is technologically advanced in Singapore.”

“Project developers here could seek technical guidance on streamlining processes and making the work more cost effective,” he said.


Trichy not included. WHY? :cry: :cry: :cry:


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PostPosted: Wed Mar 31, 2010 10:36 am 
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ramkummar wrote:
when so much of waste land is in Trichy itself why there....At least they opened here rather than choosing some other place thanks to them......


The reason why the MRF is not opening its plant in Trichy is because of Our IT Minister A. Raja.
The MRF initially chose our trichy near siruganur but A. Raja forced the MRF people to open in perambalur.

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Trichy - House of Rich Tradition and Culture


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PostPosted: Tue Mar 16, 2010 10:46 am 
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when so much of waste land is in Trichy itself why there....At least they opened here rather than choosing some other place thanks to them......


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PostPosted: Mon Mar 15, 2010 6:09 pm 
Guest wrote:
ramkummar wrote:
which part of Trichy is this coming?


Its near perambalur .


It is coming up in Naranamangalam village in Padalur near perambalur. Padalur is around 40 km from Trichy and 10 km from Perambalur.


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PostPosted: Mon Mar 15, 2010 4:19 pm 
Guest wrote:
ramkummar wrote:
which part of Trichy is this coming?


Its near perambalur .


not near perabalur.. its in perabalur itslef.. 50 km from trichy but 10 or 20 km from perambalur


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PostPosted: Mon Mar 15, 2010 11:35 am 
ramkummar wrote:
which part of Trichy is this coming?


Its near perambalur .


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PostPosted: Mon Mar 15, 2010 10:57 am 
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which part of Trichy is this coming?


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PostPosted: Fri Mar 12, 2010 8:20 pm 
gautham.c wrote:
Site for MRF factory near perambalur , more than 10 JCB's are in work in the site [Sorry for the poor image quality, took from bus]

Image


MRF's 3000 crore expansion plan

Leading tyre maker MRF is embarking on a major expansion plan involving an investment of Rs 3,000 crore to set up greenfield factories and planning to ramp up capacity at its existing plants to maintain market share. The com-pany also indicated that it is aggressively pursuing inorganic growth opportunities.

Of the proposed investments, about two-thirds will be spent on greenfield factories in Tiruchi (Tamil Nadu) and Medak (Andhra Pradesh). “We are expan*ding radial tyre capacity across our plants. While we have commenced civil works at Tiruchi, a greenfield factory is being established at our existing manufacturing complex at Medak,” K M Mammen, chairman and managing director of the company, said at the company’s 49th annual general meeting in Chennai.

The Rs 900-crore Tiruchi plant, likely to be one of the largest manufacturing facilities of MRF, will commence production next year. The plant is being set up to make passenger car radials to meet growing demand. “Most of our expansion plans are funded through internal accruals,” added Mammen.


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PostPosted: Fri Feb 26, 2010 9:11 pm 
we can reach mrf company with in 1 hour from trichy....


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