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.

Tags: calls, daytrading, free calls, intraday, tips

Similar Posts:

• Indo Asian Fusegear’s net profit at Rs 13.5cr
• Indo Asian Fusegear revenues increased by 24% to Rs 69.60cr
• Jain Irrigation bags Rs 227.7mn export order
• Elecon bags orders worth Rs 524.2 cr
• Uttam Galva bags Star Performer Award for Export Excellence