Date:25/11/2004 URL: http://www.thehindubusinessline.com/2004/11/25/stories/2004112501580201.htm

Back QRG targets Rs 1,000-cr turnover

Our Bureau

HYDERABAD: The Rs 900-crore QRG (Qeemat Roy Gupta) group, promoters of various companies including Havell's India and Standard Electricals Ltd (SEL), has targeted a turnover of Rs 1,000 crore in the current fiscal and Rs 1,500 crore next year.

QRG, which is opening more offices abroad, is also expecting to post an export turnover of Rs 100 crore this year as against Rs 57 crore last year. QRG will be opening its offices in Cyprus and also in Africa by March 2005. Currently, it has offices in Dubai, Sri Lanka, Bangladesh and the UK, SEL President - Marketing, Mr K.L. Malik, told newspersons here on Wednesday.

He said that SEL has a 30 per cent share in the Rs 100-crore miniature circuit breakers market in the country. On the other hand, Havell's India has significant presence in the electrical cables market. The company was also exporting cables to 42 countries.