Putzmeister Concrete eyes Rs 250 cr revenue by 2010

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New Delhi, Oct 8 (UNI) Construction equipment manufacturer Putzmeister Concrete Machines Pvt Ltd today said it expects to generate Rs 250 crore revenue by 2010.

''We expect to earn Rs 100 crore by this year-end...in the next two years, that is, by 2010, we hope to generate a revenue of Rs 250 crore,'' company Managing Director Andrej Hrpot told reporters here.

The company, a wholly-owned subsidiary of 1.5-billion dollar Germany-based Putzmeister, is on an expansion drive and will invest Rs 125 crore for upgrading and enhancing the capacity of its state-of-the-art Goa plant.

Within India, the company has its presence across eight cities-- Delhi, Jamnagar, Mumbai, Goa, Bangalore, Chennai, Hyderabad and Kolkata.

Its clientele list includes Reliance, Essar, L &T and Tata.

UNI AK SG HS1503

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