Lord's Mark Industries Forays into Solar-Based Lighting Space

Diversified business group Lord's Mark Industries announced its entry into the solar-based lighting space and said it has bagged a street lighting contract from the Bihar government.

Bihar is the first state to implement the world's largest solar-based lighting project, which will be implemented through BREDA (Bihar Renewable Energy Development Agency), the company said in a release.

The Agency has been tasked with developing schemes on non-conventional energy sources in the state, and is the nodal agency for remote village electrification, it stated. The project will be implemented in three years, with 1-lakh solar-based street lights to be installed in the first year at a cost of Rs 300 crore, it said.

Incorporated in 1998, Lord's Mark Industries manufactures a wide range of renewable energy and healthcare products. With this project, Bihar will become the first state in India to have the world's biggest solar street light system based on the company's in-house developed RMS (Remote Monitoring System) with its R&D team and powered by AI for transmitting data through a SIM card, it said.

Lord's Mark also said it is the sole channel partner to Philips India for the development of such projects in the government sector. "We are certain that this master project will be the harbinger of solar electrification in all parts of the country. We are proud to have tied up with the world's largest electronics conglomerate Philips to implement the project that will cover remote parts of Bihar," said Sachidanand Upadhyay, Founder, Lords Mark Industries.

Renewable energy accounts for 26.5 per cent in the total installed generation capacity in the country, as per the company. It said that most states have renewable energy agencies such as BREDA in Bihar, MEDA in Maharashtra and UPEDA in Uttar Pradesh, which implement solar systems.

"We believe this project will be a game-changer for renewable energy systems NSE -3.54 % in other states. We are honoured to have Lord's Mark Industries, Philips as partners for implementing this colossal project," said Khagesh Choudhary, Assistant Director, BREDA.