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MOTORINDIA
l
September 2012
TRF
targets Rs. 2,500-crore
turnover by 2013
TRF has emerged a pioneer in
providing solutions for material
handling equipment and process-
ing systems required in infrastruc-
ture development. In quest of rapid
growth, the last few years have seen
the company diversify into automo-
tive applications business with stra-
tegic acquisitions and joint ventures.
Despite challenging market condi-
tions, TRF has set ambitious targets,
envisaging a five-fold growth in five
years to become a Rs. 2,500-crore
company by 2013 with its greater
focus on material handling and auto
applications businesses.
The year 2011-12 was marked by
a difficult market environment char-
acterized by slowing down of over-
all economic growth, high inflation
impacting costs adversely, foreign
exchange volatility and high inter-
est rates resulting in delays in deci-
sion making and clients suspending
project execution in several instanc-
es and almost total choking of the
fresh order booking specially during
the second half of the fiscal.
The financial results of the com-
pany on standalone basis for 2011-
12, despite the uncertain economic
environment, reflected significant
improvement over the previous year
with sales at Rs. 802.31 crores (pre-
applications
Mr. Sudhir Deoras, Managing Director, TRF Ltd.
Tata Robins Fraser (renamed
TRF in 1984) was established in
1962 at a time when Tata Steel
had expanded its production
capacity to two million tonnes
and started feeling that it re-
quired in-house capabilities to
take care of it bulk material-
handling needs. The company
was set up as a joint venture
by Tata Steel, Robins Engineers
and ACC Ltd. (formerly Associ-
ated Cement Companies Ltd.).