MIC Electronics launches 15 new LED based products

Hyderabad-based MIC Electronics Ltd said it will launch a set of five new light-emitting diode (LED) based products categories with 15 variants. The categories of LED include LED tube and bulb, LED angel, LED fittings for offices, LED fittings for hospitality and LED fittings for outdoor applications.

The company said it is also planning to invest Rs170 crore to launch these products as well as capex, which would result in a production level of Rs350 crore in a full year, MIC Electronics said in a regulatory filing.

On Thursday, MIC Electronics shares closed 2% up at Rs39 on the Bombay Stock Exchange, while the Sensex ended at 0.2% up at 17,909 points.

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COMMENTS

khvsatish

6 years ago

i want to now about led based companies manufacturing led lights

LIC Housing Finance Q1 net profit up to Rs212 crore

LIC Housing Finance Ltd (LIC HF) reported a first quarter net profit of Rs212.01 crore compared with Rs123.83crore for the quarter ended June 2009.

During the period its total revenues increased to Rs1,014.93 from Rs781.86 crore same quarter a year ago.

On Thursday, LIC HF shares ended 7.2% higher to Rs1,073 on the Bombay Stock Exchange, while the Sensex ended at 0.2% up at 17,909 points.

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Polaris Software Q1 net profit Rs46 crore v/s Rs31.83 crore

Chennai-based Polaris Software Lab Ltd said its first quarter net profit rose to Rs46.6 crore from Rs31.8 crore a year ago.

During the first quarter to end-June, its total revenues increased to Rs368 crore from Rs312.2 crore, same period previous year, it said in a regulatory filing.

On Thursday, Polaris Software shares closed 6.8% down at Rs193 on the Bombay Stock Exchange, while the Sensex ended at 0.2% up at 17,909 points.

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