Eon Electric (formerly Indo Asian Fusegear) is projecting to close FY 2012-13 with a turnover of Rs 200 crore which is 400% growth on turnover of year 2011-12. Moreover, the company is investing about Rs 125 crore in FY 2012-13 to augment its existing capacities as well as in green field ventures.
The company has taken several initiatives after selling its Switchgear Business, for growing its existing product portfolio of Wires, Lighting and Wiring Accessories by augmenting its capacities and adding specialty Cables, cutting edge LED technology in Lighting and Home Automation Devices which will control lights through presence sensor switches and ON and OFF devices at home to save 25 - 30% power, as well as guard homes against intruders, gas leakage, water leakage and will provide access control and remote surveillance of Homes through Telephone.
In separate development, EON is also launching a wide range of energy efficient Fans to widen its product offerings to the customers. EON has worked on new technologies of Fans which will be able to save upto 30% of power compared to the best rated Fans available in the market.
