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Hind Rectifiers eyes Rs 500-cr revenue in next 2 years

Press Trust of India  |  Mumbai 

Hind Rectifiers, power equipment transportation devices manufacturer, is eyeing up to Rs 500-crore revenue in the next two years, a said.

The BSE-listed firm, which is engaged in of power and for a wide range of end-user industries such as railways, power, telecommunication, among others, is also planning to launch signalling and for railways in the next few months.

"Our major business comes from the railways. With the government focusing on improving the railway system and increasing the network, we see a huge potential for growth. We expect our revenues to reach up to Rs 500 crore over the next two years," company's told here.

The company has three business divisions including electronic equipment, and traction. The traction division caters to all the locomotive and facilities of Indian Railways, mass transit and metros.

"We supply all types of transformers, IGBT converters, power systems, rectifiers, and for railways. We have all the necessary products to meet the electrical scope of The only area that we are now looking at entering is the signalling and safety segment and we are already developing the products, which we may launch in the next few months," he added.

When asked about the scope in the railways business, he said the government is targeting production of 1,100 locomotives per year.

"Electrical systems is a key component in this segment, which we cater to. Once the signalling and are in place, we will be able to meet the 100 per cent demand of the electrical devices segment," Nevatia said.

The company currently competes with multi national companies like the ABB, and firm CG, among others.

"We have a very diverse product portfolio today and we compete with a variety of different companies in each segment. As far as market share goes, there are certain products where we have a lesser market share but in a few it goes up to about 65 per cent or more," he added.

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

First Published: Sun, April 08 2018. 13:15 IST