Wednesday, May 12, 2004
Wednesday, May 12, 2004 |
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HYDERABAD: Goldstone Teleservices, which took to production of composite insulators for the power sector last year, is confident of consolidating its position this year with a healthy growth rate. M. V. S. R. Kamesam, Director, said at a press conference here on Saturday that it was also considering merger of its BPO division with group company Goldstone Technology. They have Rs. 6 crore orders from the Railways, BHEL, AP Transco and Maharashtra Electricity Boards. As against Rs. 12 crore turnover for March 2004, it is projecting over Rs. 30 crores this year, with insulators taking lead followed by telecom and BPO sectors. Mr. Kamesam said it planned to market prepaid energy metres in India, and manufacture them in the second phase. As demand for insulators and meters picks up, it plans for expansion in two years, which could entail an investment of up to Rs. 50 crores, most of which would have to be ploughed back from profits from sale of these two products.
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