Shriram EPC, a focused turnkey engineering company, aims to achieve a growth of 50 percent in its consolidated turnover by this fiscal.

The Chennai-based firm stated in a communiqué that proposed significant growth will come from renewable energy business especially wind energy, which would bring around Rs 600 crore.

Presently, the company is in the process of setting up a wind farm with an investment of Rs 75 crore in Tamil Nadu, and acquired 300 acre in various parts of the country for the set up of farms.

Apart from this, the company has also set a target to increase export business to 40 percent in 2011 from present 7 per cent. In 2009-10, company expect Rs 600 crore business, out of which Rs 360-400 crore will be generated from domestic market while, rest will come from Europe.

Further, the company also intends to foray into American market in 2010, to strengthen its footprints in overseas market.

Recently, Shriram bagged its first order worth Rs 70 Crore for 60 units of its 250 KW wind turbines.

The company bagged the order from Cape Energy, an associate of Bergurren Holding, for supply of wind electric generators including all components, operation and maintenance of the turbines.