Lord’s Mark to Foray Into Solar Lighting; Invest Rs 900 Cr in Bihar

Lord’s Mark Industries, a diverse business group, announced Tuesday its entry in the solar-based lighting market and stated that it will invest Rs. 900 crore in a Bihar street light project.

Bihar will be the first state to install the largest solar-based lighting project in the world, according to BREDA (Bihar Renewable Energy Development Agency), in a press release.

It stated that the Agency was tasked with the development of schemes using non-conventional energy sources in state and is the nodal agency responsible for remote village electrification.

As part of the three-year project, which entails a total investment of Rs 900 crore, Lord’s Mark has expressed the ability to set up 1-lakh street lights at an investment of Rs 300 crore in the first year, the company said.

Lord’s Mark Industries was established in 1998 and manufactures a variety of healthcare products and renewable energy.

Bihar will be the first Indian state to get the largest solar streetlight system. It is based on an in-house developed RMS (Remote Monitoring System), which was created by the company and powered with AI through a SIM card.

Lord’s Mark stated that it is the only channel partner of Philips India in the development and execution of projects in the government sector.

“We are confident that this master project is the beginning of solar electrification across the country. “We are proud to have partnered with Philips, the largest electronics conglomerate in the world, to execute the project that will reach remote parts of Bihar,” Sachidanand Upadhyay (Founder, Lords Mark Industries) said.

According to the company, renewable energy makes up 26.5 percent of the country’s total installed capacity.

It stated that the majority of states have renewable energy agencies, such as BREDA (Bihar), MEDA in Maharashtra, and UPEDA (Uttar Pradesh), which implement solar systems.

“We are confident that this project will change the face of renewable energy systems in other countries. “We are honored to have Lord’s Mark Industries and Philips as our partners in implementing this colossal program,” Khagesh Choudhary, Assistant Director, BREDA.