What is the break-up of turnover between Power, Refinery and Oil & Gas?
Power is the big story taking place across India. We derive 70% of our turnover from power and 30% from Petroleum and Oil & Gas. Earlier, Oil & Gas used to account for the major chunk of our revenues. Now, things have changed and Power sector’s share has gone up substantially. Last year, the ratio was 60-40 in favour of Power. In next 3-4 years we expect power sector to contribute 90% to our turnover as we get into the bigger thermal power projects. What is your market share? We have a market share of 45% in Air Cooled Heat Exchangers in the Oil & Gas Sector and about 70% in the Power sector. Do you develop your own technology? Entire technology is indigenously developed by the company, developed over a period of 25 years. Technology development is an ongoing process in the company. What kind of competition is there in this space? In the power sector, our competitors largely include an American company and a German company. As a result, most of our competition is in the international m