October 25, 2014 5:22 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Simran Wind Project Limited

Company Overview

Simran Wind Project Limited generates electric power from wind energy in the states of Tamil Nadu and Karnataka. The company operates a 111.9 MW project in Amuthapuram, Rasta, and Muthiampatti belt, Tamil Nadu and a 50.45 MW project in Karnataka. The company was incorporated in 2005 and is based in Kolkata, India. As of November 20, 2009, Simran Wind Project Limited operates as a subsidiary of Techno Electric & Engineering Company Limited.

2F & 3 F, North Block

Park Plaza

71 Park Street

Kolkata,  700016

India

Founded in 2005

Phone:

91 33 3021 3000

Fax:

91 33 2217 1167

Key Executives for Simran Wind Project Limited

President – BD
Compensation as of Fiscal Year 2014.

Simran Wind Project Limited Key Developments

Simran Wind Project Pvt., Ltd. Reports Earnings Results for the Year Ended March 31, 2013

Simran Wind Project Pvt., Ltd. reported earnings results for the year ended March 31, 2013. For the year, the company reported total income from operations was INR 1,486.5 million against INR 876.6 million a year ago. EBITDA was INR 1,421.6 million compared to INR 834.8 million a year ago. PAT was INR 618.4 million against INR 289.5 million a year ago.

Techno Electric In Talks To Sell Stake In Simran Wind Project

Joy Saxena, Executive Director (strategy and planning) of Techno Electric & Engineering Co. said that the company is in advanced discussions with two or three private equity players for divesting up to 30% to 35% stake in Simran Wind Project Pvt., Ltd. for INR 5.5 billion. Saxena said, "We are in very advanced stages of discussion with two-three PE players. We would finalize the deal by the end of this quarter (Oct-Dec). The deal might happen in tranches. But overall we are planning to raise INR 5.5 billion via this deal, by diluting 30%-35% stake in the company."

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