The News Scroll 28 July 2017  Last Updated at 5:41 pm

Polycab targets revenue of Rs 10,000 cr by 2020

Bengaluru, July 28 Wire and cable producer Polycab today said it aims to achieve revenue of about Rs 10,000 crore by 2020 compared to its current revenues of Rs 6,500 crore

Polycab targets revenue of Rs 10,000 cr by 2020
outlookindia.com
1970-01-01T05:30:00+0530

bengaluru, July 28 Wire and cable producer Polycab today said it aims to achieve revenue of about Rs 10,000 crore by 2020 compared to its current revenues of Rs 6,500 crore.

To achieve this, the company said it has embarked on a strategy of expanding customer and distribution network and  introducing new products to add to its already large product  basket.

Polycab has already invested in state-of-the-art  manufacturing facilities capable to achieve this goal, it said in a release.

As part of the strategy, Polycab introduced its new  product 'Green Cable'.

The product has set a benchmark by complying with RoHS standards (Restriction of Hazardous Substances), a European Union directive norm, by the European Union on 1st July, 2006, the company said.

With the launch of 'Green Cables', the company also aims to contribute towards India's commitment to 'Go Green', it added.

"Polycab is emerging as one of India's strongest  electricals companies and straddles both the Infrastructure  segment and the Consumer Electricals segment," Polycab Vice  Chairman & Joint Managing Director R Ramakrishnan said.

Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds.
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