MIC Electronics started off as an R&D driven organization 23 years ago as an embedded technology company and deliver embedded product solutions. Since, the company has moved into LED Displays. MIC’s flagship product, the LED Video Displays has been widely used in public places and by the number of new OOH(Out of Home) media companies in theme parks, advertisements and public information displays in railways and airports.
MIC Electronics has a long standing and special techno commercial relationship with Nichia Corporation, Japan, one of the world’s leading LED manufacturers.
Just yesterday, Sujana Energy entered into a tie up with Nichia Corporation of Japan to manufacture LED’s in India for Solar LED lantern.
MIC has now entered into an agreement with Beltron Telecom Green Energy Systems Ltd, Patna, Bihar, (BTGES), a subsidiary of Beltron Telecommunications Ltd (BTL) in providing cost effective, sustainable green energy lighting solutions for distributed off-grid applications in the rural areas of the state of Bihar.
Under the agreement, MIC will supply 330,000 solar lanterns to BTGES over the next year for a total consideration of Rs 66 crore. (Read more here and here)
The company plans to expand its manufacturing capacity with an investment of about INR 240 Crore and ramp the production of the Solar LED lantern from the current 30,000 units a month to about 100,000 units a month. The company has priced the lantern between INR 1600- INR 2100.
The JNNSM mission has a goal of deploying 20 million solar lighting systems for rural areas by 2022. The JNNSM also plans to provide solar lighting systems under the ongoing remote village electrification programme of MNRE to cover about 10,000 villages and hamlets. However, this scheme does not seem to utilize the 90% subsidy that is provided in case of solar lighting in remote and tribal areas.