Machine tool major, Jyoti CNC Automation, has chalked out a capital expenditure of Rs 300 crore over the next two years, to expand its production capacity and product range. The company signed an MoU with the Government of Gujarat in this regard during the recently concluded fifth biennial Vibrant Gujarat conference. “This year we are looking at organic growth,” said Parakram Jadeja, Chairman & Managing Director, Jyoti CNC Automation. However, the company is also eyeing acquisitions in the future, most probably in Germany. Jyoti CNC’s standalone turnover in the financial year ending March 31, 2011 will be touching Rs 350 crore, a 94 per cent jump over the Rs 180 crore turnover it registered in 2009-10. The company is targeting a turnover of Rs 600 crore in fiscal 2011- 12. Over 15 per cent of the company’s turnover is from exports. With exports crossing Rs 50 crore this year, Jyoti is one of the largest exporters of machine tools from India. “Next year we are looking at doubling exports,” said Jadeja. “The capacity now is for 2,500 machines. This year we are fine tuning to achieve 3,000 numbers,” said Jadeja. By 2015-16 the company is targeting a capacity of 8,000 machines.