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HTL Aircon poised to reach Rs. 200 crore till year 2020

ANI  |  New Delhi [India] 

is amongst the fastest growing air conditioner market; rising per capita income, presence of large number of global and local players, emergence of mega infrastructure with surging have driven the markets for various type of units in the country.

The AC market has been growing faster than other sectors, at CAGR of 18-20 percent over the last decade. Taking a major share in this growing market, HTL Aircon, a based leading (Heating, Ventilation and Air Conditioning) for commercial and office buildings is steadily working towards reaching Rs. 200 crores till year 2020.

HTL Aircon has been one of the most steadily growing companies in to show a serious upturn in their annual

The (Heating Ventilation and Air Conditioning) market has seen rapid development in the current and past years and is probably going to proceed with a continuing development in the upcoming years. Keeping up with the current trends in and innovation in design, HTL Aircon is poised to make a in market today.

This year HTL Aircon will be focusing on consolidating existing Indian markets with a special focus on Hyderabad, and - Also, they will be expanding HTL Aircon's operations to and also targeting several international contracting offers. They will be installing the Daikin's next generation VRV X and also highly efficient, high-performance magnetic chillers, which are unique products which have latest features & are one of its kind in the Indian market.

"In this competitive business, we are steadily carving a niche for HTL Aircon by introducing new technology, and services which will enable us to reach our set target of Rs. 190 crores by 2020. This future planning will enable us to be a step ahead in the HVAC market and be poised to take the company to the next decade. We are bidding for SME Listing this year in both the NSE and BSE which will help us in getting more quality jobs," said HTL Aircon Pvt. Ltd., Lavinder Singh Duggal.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 08 2018. 17:27 IST