 Online edition of India's National Newspaper Tuesday, Nov 10, 2009 ePaper | Mobile/PDA Version |
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Signs agreements with overseas firms for new ventures NEW DELHI: Bajaj Electricals on Monday announced that it had bagged orders to provide lighting for four stadiums for the next year’s 2010 Commonwealth Games to be held in the Capital. The company had signed various agreements with overseas firms for new ventures. “We are very strong in providing lighting solutions for large projects and recently we got an order for providing lighting arrangement for four stadiums in Delhi for the upcoming Commonwealth Games,” Bajaj Electricals Executive Director, R. Ramakrishnan, told journalists on the sidelines of the India Economic Summit. He said the company had already provided lighting for three national games and for the Greenpark stadium at Kanpur. About the projects, Mr. Ramakrishnan said the company was now focussing more on heating and cooling solutions, integrated building management solutions and security solutions. Bajaj Electricals has also tied up with Canada based Delta Controls and Securiton of Switzerland to offer security and BMS (Building Management Systems) solutions to its institutional customers. Besides, it has tied up with Italy’s Nardi Elettrodomestici S.P.A. to manufacture the Bajaj Nardi range, which offers domestic appliances like water heaters, mixer grinders, steam irons and microwave ovens. The company had clocked a turnover of Rs. 1,800 crore in the last fiscal and it is growing at 28 per cent compounded annual growth rate (CAGR) in the last five years. It has registered a growth of 26-27 per cent in the first six months of the current financial year.
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