Surya Roshni has recently invested Rs 150 million for technological advancement which aims to expand its business in LED market, says a Hindu Business Line report
“We have ambitious plans to capture a sizable chunk of the LED (light-emitting diode) lamp market and towards this end, we have invested 150 million on an R&D test laboratory at Noida,” said JP Agarwal, chairman and managing director, Surya Roshni.
He pointed out that Surya Group, which also makes GI pipes, is aiming at a turnover of Rs 50000 million during the current financial year from Rs 30,000 million in 2011-12.
Under its new product, the 40W and 60W incandescent lamps will be replaced by LED 5W and 7W bulbs which according to the company will be the first such LED bulb in the country to conform to recent LED Indian standards.
The advantages of LED is a long life of 50,000 hours, a wide ranging operating voltage (110 to 300V), free of mercury and a whopping energy saving of over 96 per cent, Agarwal said, adding that the LEDs has a wide appeal for many of its advantages.
The domestic LED market, which is currently pegged at Rs 1.95 billion, is expected to jump to Rs 1,000 millions by 2016, he added.
The company is also expanding its network of dealers and retailers across the country.
