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Eon Electric Ltd.

BSE: 532658 Sector: Engineering
NSE: EON ISIN Code: INE076H01025
BSE LIVE 19:40 | 19 Oct 128.05 4.60
(3.73%)
OPEN

126.00

HIGH

129.60

LOW

124.50

NSE 19:45 | 19 Oct 128.05 4.85
(3.94%)
OPEN

125.40

HIGH

129.35

LOW

124.10

OPEN 126.00
PREVIOUS CLOSE 123.45
VOLUME 249574
52-Week high 129.60
52-Week low 48.00
P/E 59.28
Mkt Cap.(Rs cr) 206
Buy Price 129.00
Buy Qty 1.00
Sell Price 0.00
Sell Qty 0.00
OPEN 126.00
CLOSE 123.45
VOLUME 249574
52-Week high 129.60
52-Week low 48.00
P/E 59.28
Mkt Cap.(Rs cr) 206
Buy Price 129.00
Buy Qty 1.00
Sell Price 0.00
Sell Qty 0.00

Eon Electric Ltd. (EON) - Chairman Speech

Company chairman speech

From the Chairman's Desk

Warm Greetings

We are pleased to inform you that your Company has established itself as a leadingplayer in the LED-based Lighting & Luminaires world-class Fans Wires & CablesLithium Ion Batteries and other electrical items.

With 58 years of rich legacy the Group is committed towards making the best qualityproducts at affordable prices through technological innovation modernization adoption ofbest practices and global bench marking. Besides ensuring human and environmental safetyEON is deeply committed to provide customer delight and satisfaction. The Company isguided by the vision to become premium brand in LED lightingand create value for itsstakeholders.

In line with the Government's vision to promote energy efficiency in lighting EON iscommitted to supply energy-efficient electrical products across the country. Through itsfocus on new generation cutting-edge technology EON is playing an active role inconserving power for the energy-starved nation. Being a growth driven Company EONcontinues to focus on increasing its market share and at the same time optimizing thecosts to evolve into an organization which all stakeholders can increasingly be proud of.

Major achievements that have led EON to the path breaking success have been through theeffective introduction of innovative LED Lighting initiatives such as:

Leading Street Lighting Player- Given the NDA Government's thrust on energyefficiency energy savings and its 'Make in India' programme the manufacture supply andinstallation of streetlights was identified as the key area where the use of LEDstreetlights can immediately lower power consumption for the Nation. EON is closelyworking with Energy Efficiency Services Limited (EESL) - a public sector undertaking thathas been tasked by the Ministry of Power Government of India to execute energy-efficiencyprojects. This mandate includes replacing power guzzling sodium/mercury vapour and otherconventional lighting systems with state-of-the-art LED lighting systems. The project isby far one of the biggest LED street-lighting projects in the world.

The Company has successfully installed LED streetlights by replacing conventionalstreetlights in Aligarh and Varanasi U.P. and Jodhpur and other cities of Rajasthan. TheCompany is committed to support EESL execute energy conservation projects in many otherstates across the cou ntry.

Mobile Van Promotion - EON launched its Energy Efficiency Promotion Van from itscorporate office in Noida. The campaign aimed to create awareness about the energyefficiency products offered by EON and help build a long-term relationship with endcustomers. The initiative was in line with the Government's vision to promote energyefficiency through the use of energy efficient lighting products like LED Bulbs etc.underthe Domestic Efficient Lighting Programme (DELP).

Considering environmental sustainability as a social concern EON focuses on deliveringquality products with the use of energy efficient technologies for the betterment of theenvironment thus creating savings for the consumers. With the mobile Van promotionactivity EON aimed not only to increase its brand awareness but also communicate toconsumers the new innovative advantages of using eco-friendly lighting products for theconservation of power safety of environment thereby ensuring more smilingfaces.

I take this opportunity to thank all ourShareholdersfortheirattachmentand loyalty tothe Company's vision and growth.

I am very optimistic about EON'S continued growth in the future and committed to allour stakeholders and to the communities we work in for sustainable profitable growth withcontinual community engagement.

Thank you all for your continued support which I gently appreciate and cherish.

With kind and cordial regards

V.P. Mahendru

Chairman & Managing Director