- News
- City News
- bengaluru News
- New light for defunct PSU?
Trending
This story is from August 14, 2007
New light for defunct PSU?
Mysore Lamps, which was closed as a sick industry four years ago, can be profitably revived, pointed out former managing director M N Vijay Kumar.
They are more economical than CFL bulbs too. While the life of a conventional bulb is 8000-10,000 hours, LED bulb lasts up to 50,000 hours.
The only hitch is that LED bulbs are now quite expensive.
Mysore Lamps, which was closed as a sick industry four years ago, can be profitably revived, pointed out former managing director M N Vijay Kumar. He said: "Now, every one is looking at the 21 acres of prime land that will fetch Rs 500 crore in the real estate market. But if revived and guidelines are followed, it will generate up to Rs 700 crore by way of savings every year."
Kumar, who has since been transferred to Belgaum to head an irrigation project, made this proposal before taking over his new assignment.
He said: "Initially, they need Rs 40 crore to revive the company. But the government need not pay a single paisa as the money can be generated through power savings in one year alone which the government is currently incurring year after year."
He said the once-famed Mysore Lamps, once among the top companies in India and enjoyed tremendous consumer support, can lead the country in providing reliable, economical and eco-friendly products.
The idea is not new and untested. A professor of electrical engineering Dave Halliday from Calgary, Canada has helped in lighting up poor homes in rural Nepal using this technology five years ago.
Vijay Kumar worked as a scientist of solid state physics at the Bhabha Atomic Research Centre in Mumbai for five years before joining the IAS. He has also invited suggestions from leaders in lighting and those interested from across the world about how this company can be revived more profitably and economically.
End of Article
FOLLOW US ON SOCIAL MEDIA
Hot Picks
TOP TRENDING
Trending Stories
In City
Entire Website
- GK for students: 7 Fascinating Features of These Unique Birds
- 'Wearing undergarments must but...': Delta's 'specific' memo for flight attendants
- We're 'disturbed' by findings of CBI's RG Kar report: SC
- What are pagers? Devices that led to wave of blasts in Lebanon
- Fired techie who worked as Swiggy delivery partner shares his 'survival story' on LinkedIn, post goes viral
- India Post GDS Result 2024: Merit list 2 released for all regions, state-wise direct links to check
- Traffic Police announce road restrictions for Eid on Wednesday
- Melania Trump spotted in New York, Eric had to walk for stepmother's enhanced security
- Diddy and Donald's photo viral as Sean charged with sex trafficking: 'Why all Trump's friends...'
- NPS Vatsalya: FM Nirmala Sitharaman launches National Pension Scheme variant for children; check details
- 'One nation, one election': How Lok Sabha and assembly polls could be synchronised
- US Fed cuts interest rates by 50 bps in a first since 2020: Why it matters for India
- Was Mossad behind hundreds of Hezbollah pagers exploding all at once?
- Video: Moment walkie-talkies exploded across Lebanon during funeral
- US Federal Reserve cuts interest rates by 50 bps in key FOMC meet chaired by Jerome Powell
- Exclusive: 'Bangladesh played very well in Pakistan, but India…'
- Atishi has five months to prove herself, what will she do?
- Fired techie shares his 'survival story' on LinkedIn, post viral
- Top-notch drone goes down off Chennai ahead of mega US deal
- Govt extends Rs 35,000cr plan to boost income of farmers
Popular Categories
Hot on the Web
Top Trends
Oleksandr UsykIndia Fastest Metro ServiceVince McMahonNPS VatsalyaDonald TrumpKolkata Doctor Rape CaseShreyas IyerTaiwan PagersGautam Gambhir Press ConferenceUGC Net ResultVirat KohliSukanya Samriddhi YojanaIsrael Hezbollah WarNEET UG Admission CriteriaPager Attack in LebanonArvind KejriwalLive Cricket Score
Trending Topics
Diljit DosanjhsJatt Juliet 3 OTT ReleaseAbdu RozikKhatron Ke Khiladi 14Chinas EggBigg Boss 18Sunita AhujaGoat CollectionLebanon Pager BlastPitra Paksha 2024CheetahsKangana RanautAditi Rao HydariDalljiet KaurHoliday DestinationVikas SethiBest Selling Earbuds Under 1000Apple iPhone 16 ProVirat KohliWordle Answer
Living and entertainment
Latest News
Zilla Fatu Reacts to Armando Estrada's Contract Signing with WWEChandrayaan-4, Venus Mission, New-Gen Rocket, Space Station get Cabinet nod, Gaganyaan budget doubles to Rs 20,000 croreUniversity of Texas at Austin and Stanford University: Which Offers a Better Petroleum Engineering Degree?Former WWE star addresses potential heel turn in AEWMitigating muscle fatigue and tension with physiotherapy techniquesNXT Champion Takes A Jab At WWE Star CM PunkAishwarya Majmudar looks regal in an ethnic avatar, see picAllu Aravind on Bollywood filmmakers having limited perspectives in their films: 'They are locked between Bandra and Juhu'Plant sprouting from Taj's dome sparks worries over upkeepWhat is a walkie talkie that was used as a bomb in Lebanon Ricky Ponting is new Punjab Kings head coachWorld is moving into Indian era: Salesforce chairmanLibra, Daily Horoscope Today, September 19, 2024: It's important to find time for relaxation and self-care.Elon Musk's Neuralink gets FDA's 'breakthrough device' tag for thisFour lakh people visit Madurai Book Fair; books worth Rs 3.5 crore soldI am looking at finite projects: Prachee Shah PaandyaEU court reduces Qualcomm's antitrust fine but why the US chipmaker is penalisedEx-India cricketer warns against overloading Rishabh Pant after long hiatus post major car accident
Copyright © 2024 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service