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Eon Electric Ltd.

BSE: 532658 Sector: Engineering
NSE: EON ISIN Code: INE076H01025
BSE 00:00 | 26 Oct Eon Electric Ltd
NSE 05:30 | 01 Jan Eon Electric Ltd
OPEN 7.24
PREVIOUS CLOSE 6.97
VOLUME 2007
52-Week high 7.24
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 12
Buy Price 6.56
Buy Qty 171.00
Sell Price 6.97
Sell Qty 60.00
OPEN 7.24
CLOSE 6.97
VOLUME 2007
52-Week high 7.24
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 12
Buy Price 6.56
Buy Qty 171.00
Sell Price 6.97
Sell Qty 60.00

Eon Electric Ltd. (EON) - Chairman Speech

Company chairman speech

"Fortunately for us our determination to succeed infuses us with the passion tore-create"

Warm greetings....

We are pleased to inform you that your company EON Electric Ltd. has established itscredentials effectively as one of the leading players in the LED based Lighting andLuminaires energy efficient Fans Wires and Cables and other Electrical Products inIndia.

With BO years of rich legacy we continue to be guided by our Core Values to achieveconsistent growth and higher standards of customer delight and satisfaction and arecommitted towards making the best quality products at affordable and competitive priceswithout compromising on their quality and performance through continuous Innovationmodernisation and adoption of best practices conforming to global standards.

In line with the Nation's Vision to ensure "Electricity for All" by promotingthe use of energy efficient products for Lighting we are committed to produce and deliverthese LED Lighting products across the country for Street Lights as also for residentialcommercial and industrial Lighting. Given our Government's thrust on energy efficiencyenergy savings and its Make in India program the manufacture supply and installation ofLED based Solar Street Lighting system were identified as the key areas. We havesuccessfully installed over 4 lacs LED Street Lights by replacing the conventionalSodium/Mercury Vapour and ether lighting systems with state-of-the-art LED Lightingsystems under our Nation's program promoted by Energy Efficiency Services Ltd. CEESU theprime Government of India organisation incorporated for this purpose.

In spite of the challenging business environment during 2017-18 on account of the afterimpacts of de-monetisation and uncertainty due to the implementation of GST we are poisedfor our continued growth in the coming years. We are intensely working on augmenting ourdistribution network for consumer products like LED based lighting luminaries fanswater heaters and wires and cables under our brand name Eon so as to provide energyefficient electrical solutions to the households and institutional consumers across thecountry and thereby enhance the value for our stakeholders.

I am very optimistic about EON's growth in the future committed to all ourstakeholders and to the communities we work for sustainable profitable growth withcontinual community engagement.

I take this opportunity to thank all our stakeholders for their attachment and trustand confidence reposed in us.

Thank you all for your consistent support which I heartily appreciate and cherish.

With kind and cordial regards

VR Mahendru

Chairman-Managing Director.

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