Nigerian refinery and the floodlighting of the iconic Mohun
Bagan football stadium in Kolkata. The BU is also
executing ? 50 crore order for LED streetlights and poles
with controls based on the Internet of Things (IoT) in Uttar
Pradesh which is a first of its kind for a National Highway.
During the year, the Siddeshwar temple in Solapur,
Dakshineshwar temple in Kolkata and Chatrapati Shivaji
Terminus building of Central Railways were illuminated.
The Lighting of the Chatrapati Shivaji Terminus building
has become Mumbai's landmark visual. The tallest Flag
Mast in the country with a height of 82 metres is being
installed by the BU at Raipur to join the legion of flag masts
installed by the Company. The BU is also installing LED
floodlights on High Masts & Poles on the international
border at Jammu under the most difficult working
conditions.
During the year, the Company made significant progress
towards stabilizing Leap Ahead initiatives in all facets of
EPC business. These initiatives channelize activities of
business viz. tendering, engineering & design, sales,
supply chain, manufacturing and logistics towards faster
completion of project execution. This has resulted in
closure and handing over of some of the projects to the
customers before time, resulting in improving in working
capital turns.
Consumer Durables
• Domestic & Kitchen Appliances
The Company has a wide range of domestic and kitchen
appliances comprising of Water Heaters, Room Heaters,
Coolers, Irons, Mixers, Induction Cookers, Toasters,
Kettles, OTG, Microwave, Rice Cookers, Gas stoves, Non
electrical kitchen aids & Pressure Cookers and is a
dominant player in small appliances segment in India. The
Company enjoys leadership positions in the industry for
the product categories such as Mixers, Toasters, Water
Heaters, Room Heaters, Coolers and Irons, whereas
categories like Gas stoves, OTG & Microwaves are
growing significantly year-on-year.
During the year under reporting, domestic appliances sale
was ? 524 crore, whereas kitchen appliances sales was
? 638 crore.
The sale of appliances was impacted due to sluggish
mark et condit ions, gr owin g c ompet ition an d
implementation of Range and Reach Expansion
Programme (RREP) across the country. However, the
implementation of RREP across the country will help the
BU in controlling the inventory at all levels and improving
margins.
• Fans
Fans BU has a modern assortment of ceiling, table,
pedestal, wall, fresh air and industrial fans manufactured
at plants in India and abroad that have ISO 9001/9002
quality certifications. The BU is also involved in marketing
self-priming, centrifugal & submersible pumps.
Due to sluggish market conditions, gro wing
competitiveness, dominance of newer channels like
e-commerce, the market remained price sensitive leading
to drop in sales vis-a-vis the previous year. However, the
BU has been able to maintain profitability and market
share.
During FY 2015-16, the BU has achieved a sales turnover
of ? 639 crore. Robust distribution, launch of new models
in premium range, better product mix and disciplined
maintenance of market operating price has resulted in
improvement of margins. The BU’s focus for FY 2015-16
continued on implementation of RREP. The CSD channel
continued on its growth path by delivering 11% growth
over the previous year.
Chakan Unit:
The production at this Unit showed increase during the
year under review with the production of 6,00,934
numbers of fans as against 4,57,436 numbers of fans in
the previous year. This Unit has been developed to cater to
the demand of export market.
Lighting
• Luminaires
Luminaires BU design and market total lighting solution to
all key market segments covering commercial lighting,
industrial lighting, street lighting and area lighting. The BU
is certified ISO 9000 while most of the products are
manufactured in plants conforming to ISO 9000:2000 and
select plants are certified for ISO 14001 which sets out the
criteria for environmental management.
With lighting industry moving to LED technology big time,
the BU has designed and developed high end LED
Luminaires to suit to wide variety of applications ranging
from office lighting, retail lighting, power plants,
manufacturing industry, warehouses, street lighting, area
lighting and city beautification. The BU is working to offer
energy efficient, value for money and environment friendly
lighting solutions to the customers under one roof.
For FY 2015-16 the BU achieved a turnover of ? 460 crore
with a growth of 15% in a relatively tough business
environment. The BU continues to maintain its dominant
position in the Indian Luminaires market.
The demand for LED Luminaires is gaining momentum
with tremendous push from the Government and hence,
the BU has focused on the development of LED
luminaires. Other than the government and local bodies,
the BU has serviced private corporates including Asian
Paints, Accenture, Capgemini and Godrej.
Creating Smart Cities is one of the major agenda of the
Central Government and the BU has taken the challenge
to provide high end lighting and smart solutions to such
cities. The beginning has already been done by the
Company by signing an agreement for developing &
launching City Infrastructure Management for Intelligent
Public Street Lighting Solution and commissioning of pilot
installations with satisfactory results.
With thrust to harness renewable energy, the BU has
launched solar solutions under brand “Sunsoko” for street
lighting, power packs, roof top panels, hand pumps and
semi high masts. The Company’s solar product has
received an award “Outstanding contribution towards
development of roof top solar industry” during Indian Roof-
top Solar Summit 2016 held in January, 2016 at New
Delhi.
The BU also offers a range of sophisticated Integrated
Building Management Solutions (IBMS) in creating smart
and efficient buildings. The Company was awarded the
“Best Company in Integrated Building Management
Solutions” at the Hospital Management Conference 2015
by a jury consisting of the NHBA panel, UBM Medica,
CMIS and Hospital Associations. The Company has
13