NEPC India Board discusses entry in to new business areas

NEPC India Ltd has announced that the Board of Directors of the Company at its meeting held on October 06, 2006, inter alia, has reviewed the future plans of the Company, the prospective business opportunities available to the company and the proposed product launches as listed below:

A. Stairlift:

This is an innovative product being introduced first time in India for use in climbing the stairs especially on the existing stairs. This novel idea comes from the Company, for which R&D was going on since last 2 years. the Stair Lift has proved all tests in the last 2 years and the Company plans to launch the pilot marketing in the next 30 days time. An extensive survey indicates business potential of Rs 200 Crores within the first two years, and aggressive marketing is likely to yield a sales turnover of Rs 500 Crores in a three year period. The growth potential is substantial and the Company expects to benefit by this innovative product launch. Main feature of stair lift is it can be installed within few hours on existing straight stairs.

B. Hybrid system of Power using High Voltage Batteries, Inverters and Reliable UPS System:

The Company already engaged in non-conventional energy proposes to bring for the first time in India, the concept of Hybrid Power system by using High Solar cell, Wind mill, Fuel Cell technology first time in the World. Battery in inverter will never run down even there is no power in the city for 10 days or more continuously. The Company R&D finally succeeded in bringing successfully this project after 3 years hard work. This innovative product promises to make each home in cities, towns, even villages in the country free from threat of power cuts which the general public is experiencing in day-to-day living in most of the States in the country. This path-breaking and novel product promises un-interrupted power and continuous supply for each home to enjoy un-hindered computer facility, television, lights, fan and other modern electric and electronic gadgets.

This line of business is again a pioneering effort and the Company hopes to achieve substantial sales volume in the very first year itself of product launch. Estimate of 1st Year is Rs 100 Crores and in five years, every year Rs 300 Crores.

C. Establishment of full-fledged R & D Division:

The Company already possess an R & D Division for research and development of wind turbine and other new products. The R & D Division is presently manned by the senior and junior executives and has achieved success in product launch such as 750 KW wind machine, development of substitute materials and import substitution.

The Company has now planned to focus more on development of new and innovative ideas and establish a full-fledged In-House R&D facility and proposes to attach the highest importance to this Division by way concentrated attention and leadership led by Mr. Tirupathi Kumar, Managing Director of the Company. This has already resulted in development, of new product lines as outlined above, and the Company expects that this research and development effort will contribute to focus on different and varied business lines to achieve further growth for the benefit of the various stake holders of the Company.

The Board discussed the above proposals in detail and have approved the following agenda, subject to the approval of the members of the Company:

1. Alteration of Memorandum and Articles of Association by way of inclusion of the following business in the main Objects of the Company:

- Business of Stair Lift and other kinds of lifts, equipment and related accessories.

- Business of Hybrid system of Power using High Voltage Batteries, Solar cell, Wind Mill, Fuel cell and Inverters, equipment and related accessories.

2. Development of full fledged R & D Division of the Company and look after this Division by the Managing Director, Mr. Tirupathi Kumar Khemka.

Source : Equity Bulls

Keywords