05/07/2016 Orient Electric eyes 2025% rise in sales this fiscal The Economic Times
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ALERT Cabinet rejig: Venkaiah Naidu is new I&B minister, Smriti Irani new textile minister, Vijay Goel is sports minister Orient Electric eyes 2025% rise in sales this fiscal
By PTI | Jul 05, 2016, 02.43 PM IST Post a Comment
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MUMBAI: C K Birla Group firm Orient Electric is eyeing 2025 per cent growth in top line this fiscal on the back of increasing
Like Share 3.6M people like this. demand for its LED lightings and fans, a senior company executive said today.
SPOTLIGHT "We are expanding our fans and LED Impact of automation Ecommlig'sh tbinigg s hbouwsinesses in a big way. The government has embarked on UnnatJyoti by Affordable LEDs for All (UJALA) scheme to promote use of LED lightings to reduce C K Birla Group firm Orient Electric is eyeing 2025 per cent power consumption. We see a huge growth in top line this fiscal on the back of increasing demand for its LED lightings and fans. demand coming from domestic consumers as well as industries for these products," Chief Executive Rakesh Khanna told PTI here.
"Also, the demand from Energy Efficiency Services (EESL), an initiative of the Power IT may lose 6.4 lakh jobs to FlipkMarinti smtruy,l ils ablsigo gcrhowaningge. Ws eto see these developments as an opportunity for growth in the automation by 2021 its mLeEgDa leigvhet nset g'mBiegn tBs.i"l lion Day' IT industry worldwide would see a net Flipkart is also in talks with lenders to decrease of 9% in headcount, or about 1.4 arrange preapproved loans for customers The company, which clocked revenue of Rs 1,200 crore last fiscal, is eyeing 2025 per million jobs, with countries like UK and the under a 'buy nowpaylater' scheme during US also taking hits. the allcimenpto irntacnrte faessetiv ianl stoepa sloinne. in 201617, he added. Infosys CEO Vishal Sikka betting high on automation "For our fans, we have introduced aerodynamicallydesigned wider blades and a super Google, FB using automation to remove efficient motor that requires just 48 watts for higher air delivery even at low voltage. We extremist content are seeing a growing demand for this product as it saves a lot of energy," Khanna said.
He further said the company is also investing in its tubelights segment and introducing more energyefficient products.
Most Most Most "We are introducing LED modules in the tubelight segments as well. Currently, we have a Read Shared Commented capacity of one lakh tubelights when the market demand is only 30,000 units. We will, In a year, Amazon and Alibaba will dominate Indian however, increase the capacity of LED lightings," he added. ecommerce: Vijay Shekhar Sharma
UltraTech Cement strikes deal with Jaypee Group Currently, the LED bulbs market is around Rs 1,500 crore and the company enjoys nearly to bag its cement assets for Rs 16,189 crore 89 per cent share. Flipkart mulls big changes to its flagship sales event 'Big Billion Day', loans likely for buyers Chinese owners of Toshiba, Sharp chart out mega "We are also witnessing a huge demand for replacing street lights. This is nearly a Rs India initiatives 30,000crore market. Since we recently made a foray into the streetlighting segment of Patanjali under lens for misleading advertising LED, we expect to achieve 56 per cent share in the next 2 years," Khanna said.
More » According to him, the company is increasing its reach in international markets with the http://economictimes.indiatimes.com/industry/consproducts/electronics/orientelectriceyes2025riseinsalesthisfiscal/articleshow/53059936.cms 1/4 05/07/2016 Orient Electric eyes 2025% rise in sales this fiscal The Economic Times
Not to be Missed energyefficient products.
Race to acquire fashion portal "Currently, exports contribute nearly 5 per cent of the sales, but now we want to take this Jabong hots up; Alibaba, up to 10 per cent," Khanna added. Future Group and Myntra top bidders Stay on top of business news with The Economic Times App. Download it Now!
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