Prem Param group again showed strong performances continuing its growth in developing new products and solutions in various fields. Thanks to active business development, it posted a significant percentage of increase in its global turnover.
Business performance was different in the individual divisions; overall business targets of the group were achieved in spite of the crisis.
The company spent as much as 8 % of its sales revenue on developing new products, information technology, as well as personnel training and development.
Seven Hills tied up with leading research organisations to bring newer technologies and cost effective solutions to its users.
The Group has recently signed a MOU with a leading European research organisation to develop self contained water to hydrogen conversion unit and further to produce electric power. This unit can be used as a standalone or as a backup power generator.