Bajaj Electricals Looking At Acquisitions

Chennai: Bajaj Electricals Ltd is seeing at chances for acquisitions brands or companies, but will prefer the former. While the acquisition could possibly be in any of its products lines lightings, luminaries and electrical appliances it could also be in a new product, such as inverters. The company will unveil launch its first inverter within the next six months. The product could be outsourced or be from an acquired company. The company''s major investment plan is in its engineering services division, which undertakes lighting projects such as high mast lighting and lighting of stadiums and also produces transmission towers. The company plans to infuse Rs 30 crore in its Ranjangaon facility to increase the processing capacity from 30,000 tonnes of steel to 50,000 tonnes. But generally, contracting out production is the preferred model. Bajaj Electricals will spend Rs 25 crore on brand building and advertisements next year.