Independent Power and Renewable Electricity Producers
Company Overview of Simran Wind Project Pvt., Ltd.
Simran Wind Project Pvt., Ltd. engages in power generation from wind energy and has a generation capacity of 50.45 megawatts in the state of Tamilnadu and Karnataka. The company was incorporated in 2005 and is based in India. As of November 20, 2009, Simran Wind Project Pvt., Ltd. operates as a subsidiary of Techno Electric & Engineering Co.
Key Executives for Simran Wind Project Pvt., Ltd.
Simran Wind Project Pvt., Ltd. does not have any Key Executives recorded.
Simran Wind Project Pvt., Ltd. Key Developments
Simran Wind Project Pvt., Ltd. Reports Earnings Results for the Year Ended March 31, 2013
May 20 13
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
Nov 19 12
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."
Simran Wind Eyes Funding
Aug 30 12
Techno Electric & Engineering Co. is in talks with private equity investors to raise funds for Simran Wind Project Pvt., Ltd. Joy Saxena, Executive Director Strategy and Planning of Techno Electric and Director at Simran Wind, said two deals are being discussed. "We may go ahead with some private equity. There are a couple of proposals we are discussing," said Saxena. The company may either look at equity injection that will feed expansion over the next 1-2 years or it may tie-up long-term funding, so that there is no need for further fund raising in Simran for at least 5-6 years once this deal is done, added Joy Saxena. According to moneycontol.com, Joy Saxena refused to divulge further details as the discussions were on going. Techno Electric shares were up 1% at INR 185.70 on National Stock Exchange.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|
Most Searched Private Companies
Sponsored Financial Commentaries