MIC Electronics signs MOC with IOCL

MIC Electronics signs MOC with IOCL

Hyderabad based company, MIC Electronics Limited announced its Memorandum of Collaboration with IndianOil in a function held in Delhi last evening.

Executive Director, IOCL, Dr. R K Malhotra and General Manager, IOCL, Mr Anup Kacker, who were present at the event, expressed their pleasure at the collaboration. "Together, our main objective will be the Study and Development of Combined Solar and LED Light Source Based Products as well as Projects for Foray into Green and Energy Efficient Technologies Demonstration" Said Dr. R K Malhotra.

"LED and Solar Power are basically facets of the same technology" Explained Mr Anup Kacker. "Our collaboration aims to resolve a lot of technological issues, while conserving power at the same time."

Both, MIC Electronics Limited and IndianOil have successfully initiated pilot marketing of solar based LED lanterns on a commercial scale in few select state offices of IOC Marketing Division. Their Memorandum of Collaboration aims to further improve the quality of the already marketed solar lantern, develop new variants of the same as well as many other new generation products having complimentarity with solar energy or with energy efficiency and to jointly undertake assignments for customers in India and abroad utilizing the expertise and the facilities available to each of them. The collaboration will focus on combining LED with solar power.

"It is a matter of great pride to us to be associated with Indian Oil Corporation" said CMD, MIC Electronics, Dr M V Ramana Rao.
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Business Standard, New Delhi, June 21, 2010