Indo Asian Fusegear at FinGad.com

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Categorie: Emerging Markets
Submitted 2 months ago by

Raghni4949 , Student

According to media reports, Indo Asian Fusegear, a manufacturer of electrical switchgear and lighting products, is eyeing revenues of Rs 1,000 crore by the end of fiscal 2010-11, driven by large-volume contracts, new products and increased sales.The company clocked revenues of Rs 276.41 crore in 2007-08, up 22.9% over the previous fiscal. Earlier last week, Indo Asian Fusegear reported a 22.21% drop in net profit to Rs 13.52 crore for 2007-08, primarily due to depreciation and interest costs on capital equipment bought for establishing new manufacturing facilities. More...

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#1 | Liz @ 2 months ago User Rank : 662 Portfoilo Balance: $216,918.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: News about IndoAsian, during the year, it has invested in new project for switchgear at Haridwar, Uttrakhand, but the impact of which will reflect in sales and contribution in coming quarters. Investors should pay close attention.

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