05/07/2016 Orient Electric eyes 20­25% rise in sales this fiscal ­ The Economic Times

Indiatimes The Times of The Economic Times More Hi, Bronze: 67 0 My Times / Log Out FOLLOW ET:

Electronics

Home Industry Auto Banking/Finance Cons. Products Energy Ind'l Goods/Svs Healthcare/Biotech Services More 0 Durables Electronics Fashion / Cosmetics / Jewellery FMCG Food Garments / Textiles Liquor Paints Tobacco

You are here: ET Home › Industry › Cons. Products › Electronics Search for News, Stock Quotes & NAV's

ई­टी माक昄ट एप CHOOSE 04:04 PM | 05 JUL EOD स嬆ʀसेР िन魉༁ी 50 सोना (एमसीएР) (₹/10 ⴡ℡ा… यूएसडी/भारतीय … पोट昄फोिलयो डाउनलोड कर昄 LANGUAGE MARKET STATS 27,166 ­111.89 8,335 ­34.75 31,789.00 6.00 67.45 0.19 बनाएं HIN

ALERT Cabinet rejig: Venkaiah Naidu is new I&B minister, new textile minister, is sports minister Orient Electric eyes 20­25% rise in sales this fiscal

By PTI | Jul 05, 2016, 02.43 PM IST Post a Comment

READ MORE ON » Tucson Arizona | Rakesh Khanna | mumbai c k birla group | George Reeves | Facebook | del mar california | C K Birla Group

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!

Recommend Be the first of your friends to recommend this. DON'T MISS any stories, follow us on Twitter France offers EUR 1 billion to Follow @ETIndustryNews 22.8K followers revive India's combat jet engine project

READ MORE ON » Tucson Arizona | Rakesh Khanna | mumbai c k birla group | George Reeves | Facebook | del mar california | C K Birla Group

Here's why Egyptian king Tutankhamun is making the Follow this section for latest news on Electronics headlines Like 17

Advt: Is Employer's Health Insurance Enough? Add your comment here

An app to help you learn how the stock market works

Advt: With PageWide, printers make the broadest statement ever!

Gainers Jaiprakash Associates Ltd. 11.60 2.50 27.47

9.80 12.40

'Warren Buffett’s Ground Rules' dissects the Omaha­ based billionaire’s approach to investment

Living in smart city may cost more as Centre plans to capture value from infra spend

Advt: Are you financially literate? Find out how clear you are about investing

In a year, Amazon and Alibaba will dominate Indian ecommerce: Vijay Shekhar Sharma

Boxing legend Muhammad Ali's body back home in Louisville

Advt: What is not covered by your motor insurance policy http://economictimes.indiatimes.com/industry/cons­products/electronics/orient­electric­eyes­20­25­rise­in­sales­this­fiscal/articleshow/53059936.cms 2/4