Financial Daily from THE HINDU group of publications
Wednesday, Jul 23, 2003
Financial Daily from THE HINDU group of publications Wednesday, Jul 23, 2003 |
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Corporate
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Announcements Falcon Submersibles plans expansion Our Bureau
Hyderabad, July 22 GUJARAT-BASED Falcon Submersibles Pvt Ltd, which has entered the AP market a couple of months ago, is planning to fan out in the State by appointing more dealers in the coming months as part of its plans to double its turnover to Rs 20 crore in the current fiscal. The company, which has presence mostly in West and North India, registered a turnover of Rs 10 crore last year. "Our pumps can save significant quantity of power," Mr Dhirubai Patel, Managing Director of the company, told newspersons here. Stating that the non-corrosive pumps made by them were of superior technology, he said they could yield more output with less horsepower. Falcon is planning to expand its manufacturing facility at Rajkot with an outlay of Rs 2 crore. The company registered sales worth Rs 60 lakh in two months in Andhra Pradesh.
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