Areva T&D India Ltd is looking to double its sales by 2010 and also hire another 1500 people to take its total manpower to 5,000.
The company is setting up three new factories in India in Hosur, Chennai and Vadodara investing more than Rs 400 crore. The company will be offering the entire product portfolio of Areva T&D for India and all the neighbouring countries.
, Areva T&D managing director Rathin Basu said, "All the three factories will be up and running by end of 2008. The order book is Rs 2900 crore and the order backlog is Rs 2700 crore." With the company's 2006 revenues standing at Rs 1600 crore, this represents a significant jump in activities.
Basu said that Areva T&D will now be positioned to serve the entire area and has bagged big orders from Qatar and Kenya last year. He said that exports as a share of the company's total revenues will go up to more than 20 per cent from around 9-10 per cent in 2006. "Roughly 22 per cent of our order book for exports," he added.
Basu also said that he will be looking forward to introduce products of Nokian Capacitors that was acquired by the parent Areva T&D recently.
"These capacitors will allow the existing transmission lines to carry 20 per cent to 30 per cent more power," he added.
Basu said that the company has enough of internal accruals to make the investments in India. The bigger challenge is in finding people. He said: "Here in this exhibition we have HR kiosks where electrical engineers can upload their applications to us."