Indo Asian Fusegear Ltd has undertaken a two-fold strategic restructuring involving its existing group company Indo Asian Marketing Pvt Ltd, and a new proposed entity Advanced Metering Technology Ltd.

As per the scheme, Indo Asian Marketing Ltd will be merged with Indo Asian Fusegear Ltd (IAFL). Post merger, the metering, institutional and the proposed power business of IAFL will be hived off into the new company Advanced Metering Technology Ltd, which will be listed on stock exchanges.

After the restructuring, IAFL will focus on wires, cables, wiring accessories and power conservation products for which investments are allocated for adopting new products and new designs. It may be mentioned that in the second half of 2010, IAFL sold off its switchgear business to Legrand, resulting in significant cash flows into the company.

According to V. P. Mahendru, CMD, Indo Asian Fusegear Ltd, "The company sees good potential of growth in renewable energy power generation wind and solar power and is already in talks with various companies for acquisition, joint ventures, etc. The company also has plans to venture into the production of new innovative LEDs and energy conservation lighting controls and products for improving cost efficiencies, services and performance for its customers."