Luminous aims Rs 6,000-cr turnover by FY25, to invest Rs 500 cr in 3 yrs
Luminous Power aims to achieve a target of Rs 6,000 crore turnover in the next five years, helped by its solar and the home electrical businesses, said a top company official.
The company, now completely owned by French engineering company SchneiderElectric, has planned to invest around Rs 500 crore in the next three years for raising manufacturing capacity and boosting logistics as well as marketing.
Besides, the company is also expanding its network deeper into the domestic market and penetrate in geographical terms and also in share prospective in the international markets.
Luminous Power Technologies Managing Director Vipul Sabharwal said the company, which currently has a compound annual growth rate (CAGR) of 15 per cent, expects to maintain the growth rate for the coming years.
