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SundarChennai
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09 Aug 2008 07:58
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07 Aug 2008 11:06
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Purchase of Industries for Rs.4 Crores move would help us gain further fillip in the industry. We shall be adding more features to the existing product and turning the Energy Meters into Smart Meters, thereby making the product more viable for the consumer, said Mr. Bala Reddy, CMD, ICSA India Ltd.
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06 Aug 2008 16:09
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In 2004-2005, for ECE Industries, the revenue from "METERS" is to the tune of Rs.5.8 crores. In 2006 the company closed this Meter Division at Hyderabad. Now our young CMD Mr.Bala Reddy, who is expert in turning around a company has purchased this as part of BACKWARD INTEGRATION. Just calculate the sales that will be generated from this division in 2009 - my estimate is atleast 10times the 2005 figure of ECE industries. I just made a rugh calculation - like selling the Meter along with the embedded softwares/system for existing orders. A RIGHT MOVE AT A RIGHT TIME. ...




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