"Birla Power is looking at Rs 500 crore turnover over the next three years by 2011-12. We are expanding the farm equipment segment (power tillers)....so except portable generators, we are investing in the inverter business, high kV diesel gensets and farm equipment segment," BPS Chief Executive Officer Kalyan Bhattacharya said.
The company had registered a turnover of Rs 220 crore during the previous fiscal, he added.
It also plans to increase production at its Dehradun units to 5,000 units (for home UPS and inverters) from the current 3,000 units by last quarter of the current fiscal.
"We will utilise full capacity by the last quarter of the current fiscal. Demand has been good and we might actually look at increasing this to 10,000 at later stages," Bhattacharya said.
He, however, declined to comment on the investment details.
The company is also eyeing government projects for growth, especially in rural electrification programme. "We are working on the rural electrification programme (a Government initiative to electrify the panchayats and schools) and by next fiscal, we would complete electrification of about 30,000 centres by March 2010," he said.