Mahindra Powerol eyes Rs 1,000 cr revenue in FY09

New Delhi, Aug 20 (UNI) Mahindra Powerol, a division of Mahindra's Farm Equipment Sector (MFES), today said it targets to almost double its revenue to Rs 1,000 crore in the current fiscal on account of higher demands for generator sets in the country.

''We aim to touch Rs 1,000 crore revenue by the end of this fiscal from Rs 565 crore in FY08,'' Mahindra Powerol Vice President P Palaniappan told reporters on the sidelines of conference here.

The Mumbai-based firm sold 32,000 genator sets in the last fiscal and aims to take this to 50,000 sets by the end of current financial year, he added.

The company today launched a high power range of generator sets, consisting of 82.5kVA, 100kVA and 140kVA, besides unveiling country's first 100 per cent bio-diesel gensets.

The 82.5kVA genset will cost Rs five lakhs and 100 kVA Rs six lakhs, while a 140kVA genset will be for Rs 7.5 lakhs and Rs three lakhs for bio-diesel genset.

''The launch of our high power range of gensets will significantly expand our customer base to include captive power units, hospitality industry, IT Parks, commercial complexes, retail outlets and the infrastructure sector,'' he said.

The company today also launched the country's first B100 biodiesel generator, which the firm claims that ''it will conserve the energy and reduces the greenhouse effect, with almost 80 per cent less carbon emmission compared to normal generators.'' Currently, the demand for gensets in the country stands at two-and-a-half units, which Mr Palaniappan feels ''will increase on account of higher demand for electricty and power backup systems.'' UNI MP SR AS1922