Su-Kam raises Rs 45-cr to power acquisition, expansion plans
Mumbai, Feb 23 (UNI) Su-Kam Power Systems Ltd plans to expand its global footprint by acquiring companies overseas besides exploring new export markets for its products in the US and Europe.
To fuel its expansion plans, the Delhi-based power back-up industry major has raised Rs 45-crore from Reliance India Power Fund and Temasek Holdings, a Singapore-based investment company.
A company release here today stated that Su-Kam, a leading manufacturer of power invertors, UPS, on-line UPS and invertor batteries, is currently marketing its products in the Middle-East and Africa.
Presently, Su-Kam commands a healthy 30 per cent market share of the organised segment of the power back-up industry and expects to earn a revenue of Rs 200-crore in FY 06, stated the release.
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