Honeywell Automation India plans to increase its focus on oil, gas and power sectors.
"Power, oil & gas and refineries contribute substantial revenues for HAI. Oil and refineries contributed Rs 100 crore (Rs 1 billion) in revenues last year, whereas power accounted for Rs 50 crore (Rs 500 million). Automobiles and security systems are our other growth areas," said Harshavardhan Chitale, managing director.
HAI recorded net revenue of Rs 300 crore (Rs 3 billion) for the year ended December 2004. Honeywell group's domestic revenues for the year ended December 2004 stood at Rs 411 crore (Rs 4.11 billion, including companies such as Honeywell India Pvt, Honeywell Turbotechnology, and Honeywell Technology solutions Plus.
The company was already working with firms such as Indian Oil Corporation, IPCL, Bharat Petroleum Corp, NTPC, Tata Power and Reliance Energy to provide automation solution in oil exploration, refining, and power generation.
The total market for industrial automation in the country is worth Rs 1,500 crore (Rs 15 billion), he said.
Honeywell's global industrial automation business has about 400,000 employees, of which, 2,500 are in India.
"HAI will be adding another 200 employees this year. The group as a whole will recruit 1,000 employees this year," said a senior company official.
The company recently launched Experion Process Knowledge System R300, a package that allow users to capture and implement best work practices through procedural operations.
Experion open and secure architecture includes new embedded cyber security technology to help prevent denial of service attacks and message flooding at the control level.
Additionally, Experion R300 has an automated backup and restore product. The system includes an integrated solution that automates complex procedures to improve efficiency.
