Power products maker Su-Kam said that it will raise around Rs200 crore
within next six months for which it is looking at various options,
including listing the firm on stock exchanges.
The company, which aims to be a billion-dollar entity in the next five
years, said it also plans to achieve sales of Rs1,000 crore by next
fiscal.
"We will be raising around Rs200 crore for expansion through equity,
strategic investments. We are currently working on various options for
raising it," Su Kam Managing Director Kunwer Sachdev said.
Reliance India Power Fund - a private equity fund sponsored jointly by
Anil Ambani-led Reliance Group and Singapore-based Temasek Holdings
(Temasek) has a stake of 19% in Su-Kam. Sachdev said Reliance India
Power Fund had bought the stake for around Rs45 crore in 2006.
The company has been growing at 30-40% annually and expects to cross
Rs700 crore as sales by the end of this fiscal, he added.
"We have put one battery plant in Nepal and we are trying to set up in
Bangladesh and Nigeria within one year. We are already are working on
it," he said.
At present, the company has six plants in India and sells its products
to 70 countries across the globe. The overseas markets account 15% to
its overall turnover.


















Post a Comment