Friday, December 2 2005 14:56 Hrs (IST) - World Time -

Banglore: Leading construction equipment company Telcon plans to invest Rs 200 crore to support its R and D in the next few years, a senior company executive said.

The company also targetted to increase production of machines to 3,700 to 3,800 this year, up from 2,500 machines last fiscal, Telcon Managing Director Ranaveer Sinha told reporters here last night.

Telcon, a joint venture company of Tata Motors Ltd., and Hitachi Construction Machinery Co. Ltd., Japan, has a wide range of construction equipments with manufacturing facilities in Jamshedpur and Dharwad in Karnataka.

Sinha said the company, which reported revenues of Rs 930 crore during 2004-2005, was growing at 35 per cent per annum and aimed at 50 per cent growth during this fiscal.

The company looked to the areas of infrastructure, roads, power, urban construction and housing to ultimately fuel growth in demand for construction equipment.

He said if the proposal to link rivers in the country materialised, the existing capacity in the construction equipment industry would not be adequate and it would have to be increased.

Telcon also launched their new excavators - "Zaxis 120H and Zaxis 450H" series with microprocessor controls and IT.

The company which had a market share of 60 per cent in the excavator markets, looked at capturing a larger share with the introduction of Zaxis series, he said.