Saturday, April 10, 2010

Veesons to venture into CFBS Boilers

The Tiruchi-based Veesons Energy Systems Pvt. Ltd. (Veesons ESPL), a leading boiler and power plant manufacturer, has entered into a technical collaboration with M/s. OSMO KAULAMO Kaulamo Engineering Oy (OKE), Finland, to take up the manufacture of Circulating Fluidized Bed Combustion (CFBC) Boilers and Chemical Recovery Boilers.
M/s. OKE are pioneers in the field. On the strength of sound fundamentals, Veesons ESPL has drawn up an ambitious growth plan to manufacture CFBC Boilers, effluent waste fired boilers, MSW (Municipal Solid Waste) fired boilers, Pulverised Coal Fired Utility Boilers, and HRSG (Heat Recovery Steam Generator). Exuding confidence that the company will grow at a minimum rate of 35 per cent per annum for the next five years, V. Ramakrishnan, Managing Director, told presspersons on Wednesday that the company has decided to shift its Corporate Office to Chennai. In 2009-10, the company achieved a turnover of Rs. 162 crore registering a 40 per cent growth. During the fiscal, the order booking touched Rs. 275 crore representing 65 per cent growth. The Rs. 222 crore order on hand as on April 1, 2010 signified a growth of 115 per cent, Mr. Ramakrishnan said.
An ISO 9001 certified company, Veesons ESPL has obtained ASME S & U Stamps. With a cycle time of below six months, the company has established a high reputation for quality and prompt deliveries. The product profile of Veesons ESPL consists of small process boilers up to 25 TPH (ton per hour), process and power boilers for industries up to 200 TPH (50 MW), and EPC orders for power plants up to 25 MW. Utility boilers required for power plants up to 200 MW will be added shortly, Mr. Ramakrishnan said. He announced that the company will set up a new manufacturing unit at Raipur in Chhattisgarh, to cater to customers in the northern and western part of the country during the current fiscal.
Against stiff competition, the company has obtained a battery of export orders from South East Asia, including 3 x 200 TPH boilers valued at more than Rs. 110 crore for sugar industries. Along with Avantgarde, the company has developed a design for a boiler that could be fired with distillery effluent. The company was expecting an order from Kenya, Mr. Ramakrishnan said, and was confident of the product being patronised by distilleries in the country.
http://beta.thehindu.com/news/cities/Tiruchirapalli/article390751.ece