Indo Asian Fusegear Limited (IAFL), a leading manufacturer of Electrical Switchgear and Energy Efficient Lighting Equipments, has secured an order for the export of electrical distribution equipments, used in the distribution of power from West Africa. The order is valued at Rs 23 Crore.

The order consists of electrical distribution equipments used in the distribution of power.

Commenting on this, Mr. P.K. Ranade, Joint MD, Indo Asian Fusegear Ltd. said, “Our exports turnover is increasing significantly. We hope to achieve a 100% growth p.a. in our export turnover. The order of this size signifies the acceptance of our efforts & quality products in the global market. IAFL is also eyeing joint ventures with European companies to increase its exposure to the markets in Europe and African continent”.

Indo Asian Fusegear Ltd. has steadily increasing its share, in the highly competitive export market for lighting products & electric switchgear systems for over a decade by meeting global quality standards. Presently, Indo Asian’s products are available in more than 80 countries across the globe including the SAARC nations, the European Union and United Kingdom.

Exports continued to show a strong growth of 86% in Q1 FY09 compared to Q1 FY08.

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About Indo Asian Fusegear Limited:-

Indo Asian Fusegear Ltd is a leading manufacturer of LT Electrical Switchgear Equipment producing a wide range of Electrical Circuit Protection Equipment including Distribution Boards, Switch Boards, Switch Panels, Fuse Switches, MCCBs, HRC Fuses, MCBs, RCDs, etc. Indo Asian Fusegear Ltd. also specializes in the manufacture of energy efficient CFLs, Fluorescent Tube Lights and Electronic Ballasts. It has also included Wires, in its product portfolio. The company currently has eight manufacturing units--three at Haridwar in Uttarakhand, one at Sonepat in Haryana, two at Noida in Uttar Pradesh and one each in Jalandhar (Punjab) and Parwanoo (Himachal Pradesh). The company has collaborated with Saudi National Glass for setting up a plant in Saudi Arabia for Manufacturing of CFL HID Lamps. The company has an All-India marketing network with 30 offices across India and network of over 550 Authorized Distributors and over 15,000 Electrical Retail outlets spread all over India and overseas. Indo Asian has been on the approved list of most of the Utilities in Middle East and Africa where it is exporting its products for the last 30 years. For FY08, IAFL registered Income of Rs 276.4 crore registering a growth of 23% against the previous year. IAFL earned a net profit of Rs 13.52 crore for FY08. For more information, please log on to our website www.indoasian.com.