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Surya Roshni, has invested Rs 15 crore towards technological upgrade aimed at expanding its footprint in the LED market.
“We have ambitious plans to capture a sizable chunk of the LED (light-emitting diode) lamp market and towards this end, we have invested Rs 15 crore on an R&D test laboratory at Noida,” Surya Roshni Chairman and Managing Director Mr J P Agarwal told PTI here.
Mr Agarwal pointed out that Surya Group, which also makes GI pipes, is aiming at a turnover of Rs 5,000 crore during the current financial year from Rs 3,000 crore 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, Mr 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 195 crore, is expected to jump to Rs 1,000 crore by 2016, he added.
The company is also expanding its network of dealers and retailers across the country.
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