Date:27/09/2006 URL: http://www.thehindu.com/2006/09/27/stories/2006092705292003.htm

Business - Briefly

Khaitan to invest Rs. 50 crore on growth plans

HYDERABAD : Khaitan Electricals is planning to invest Rs. 50 crore on its growth plans over the next two years. Following its entry into the compact fluorescent lamps, tube lights, bulbs and other appliances segment in the previous year, the company is considering entering the water heaters, modular switches, designer fans and other areas during the current fiscal. Khaitan Electricals Chairman S. K. Khaitan told presspersons at the company's annual general meeting on Tuesday that the company had registered a turnover of over Rs. 200 crore and a profit after tax of Rs. 7 crore during the previous fiscal.