Remson and Rallison to go public in '07

Remson and Rallison Electricals Limited will go public in April 2007. The initial public offering is to fund the company's expansion plans and its increased focus in the growing wire and cable segment.

"We have a well-charted future plan for achieving a turnover of Rs 1,000 crore by 2010," said chairman S K Babbar.

Remson and Rallison Electricals is on the approved list of suppliers for a number of public sector and private companies such as National Thermal Power Corporation Limited (NTPC), Reliance, Tata, Bajaj, Philips, DLF,and BHEL.