LED and battery biz to power Eon Electric

“Our focus will be on LED lighting segment and Li-ion battery segment for the next few years. Our strategy will be to ensure that these two segments drive the overall business of EON,” says Ved Prakash Mahendru, CMD, Eon Electric
Eon Electric Ltd, formerly known as Indo Asian Fusegear Ltd, manufactures a range of high-tech electrical products including lighting, wires and cables. The company has recently enhanced its focus on LED-based lighting and Li-ion batteries. Ved Prakash Mahendru expects that these two segments will drive the overall business of EON.
Formed in 1958, Eon Electric emerged as one of the leading players in high-tech electrical products. How do you view the current scenario in electrical products industry in India?Electrical energy is well established as safe and sound source of energy for use for industrial production, transmission of railway trains and even for the movement of vehicular traffic for men or materials through electric energy stored in batteries. It has established itself to be the most convenient and economic source of energy for running all facets of human life.
Thus, as the variety of end-users is multiplying and the pressure on availability of power is increasing, technology development in use of electric power is crucial.
In fact the development of safer storage batteries with longer life and larger capacity is meeting many mission critical requirements. The large storage capacity of  Lithium Ion (Li-ion )  Batteries are today running our mobile phones, transmission towers apart from keeping transmission stations well energised and running mobikes and automobile cars. High-powered batteries will soon start running aeroplanes duly supported by solar charging.
Also, wires and cables are no longer merely carrying the electric energy from 220 V to 330 KV but also carry transmission of electric signals for communication purposes beneath the sea and where required.
It is almost 4 years passed you have sold your switchgear business. How do you analyse your performance pre- and post restructurisation?Due to our commitment to take up innovative products such as Li-ion batteries, LED lights, special wires and cables; we have hived off our business of electrical switchgear to a French company 2010-11 onwards. Since then, our new business of wires, cables, LED lights, Li-ion batteries and power efficient fans have grown by over five times.

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