Next year see large export maket developing for LED lights in India: Eon Electric

SP Tulsian of sptulsian.com has recommended Eon Electric as a 'Diwali Pataka' and expects the stock to hit Rs 130 by next Diwali

In an interview to CNBC-TV18, Vinay Mahendru, ED of Eon Electric spoke about the latest happenings in the company and his outlook going ahead.

Our major segment is light-emitting diode (LED) lighting both on the consumer side and professional side for street lights, said Mahendru. LED business is close to 62-63 percent of revenues. Fans and wires business is 15 percent each as of now, he said.

Talking about order book, he said currently it is Rs 40 crore from the government and more is being added every month.

On export front, he said in the coming year we are looking at large export market developing in India for LED lights.

Watch accompanying video for more details.