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energy development co (ENERGYDEV) Details

Energy Development Company Limited, together with its subsidiaries, generates and sells electricity from water and wind in India. The company operates through two divisions, Generating and Contract. It has 19 MW of renewable energy capacity and has 291 MW of hydroelectric projects at various stages of development. The company owns and operates 9 MW and 6 MW Harangi hydro electric power plants; and 1.5 MW wind mill at Hasssan District and 1.5 MW wind mill at Chitradurga in the state of Karnataka, as well as a 7 MW Ullankal hydro electric power project and 15 MW Karrikayam hydro electric power project in the state of Kerala. It is also executing 12 hydro electric projects in the state of Arunachal Pradesh having an aggregate capacity of approximately 555 MW; and 3 projects at Uttarakhand with an aggregate capacity of approximately 17 MW. In addition, the company is involved in the infrastructure development, such as construction of bridges, operation and maintenance of hydro projects, supply of materials, etc. Further, it develops energy and infrastructure projects for other developers; and provides consultancy services comprising turnkey solutions, operation and maintenance, and revamps of old hydro plants, as well as development of other renewable energies. Additionally, the company offers engineering, consultancy, and project management services ranging from concept and design to construction and commissioning for hydroelectric power plants; engineering, procurement, and construction services; third party power plant operations and maintenance services; and rehabilitation, renovation, modernization, and uprating consultancy and services for ageing hydro power plants. Energy Development Company Limited was incorporated in 1995 and is based in Kolkata, India.

59 Employees
Last Reported Date: 05/30/09
Founded in 1995

energy development co (ENERGYDEV) Top Compensated Officers

Executive Director, Member of Stakeholders Re...
Total Annual Compensation: 3.6M
Compensation as of Fiscal Year 2014.

energy development co (ENERGYDEV) Key Developments

Energy Development Company Ltd Appoints Bijay Kumar Garodia as Additional Director (Independent)

Energy Development Company Ltd. announced that the Board of Directors of the Company at its meeting held on November 13, 2014, has appointed Mr. Bijay Kumar Garodia, as an Additional Director (Independent) of the Company.

Energy Development Company Ltd Appoints Bijay Kumar Garodia as Additional Director (Independent)

Energy Development Company Ltd. has announced that the Board of Directors of the company at its meeting held on November 13, 2014, has appointed Mr. Bijay Kumar Garodia, as an Additional Director (Independent) of the Company.

Energy Development Co. Ltd. Announces Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Energy Development Co. Ltd. announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the standalone company reported net sales of INR 97.010 million against INR 149.754 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 54.904 million against INR 71.620 million a year ago. Profit from ordinary activities before tax was INR 44.860 million against INR 68.976 million a year ago. Net profit was INR 42.271 million against INR 47.339 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 1.54 against INR 1.72 a year ago. For the six months, the standalone company reported net sales of INR 123.170 million against INR 191.233 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 31.545 million against INR 46.135 million a year ago. Profit from ordinary activities before tax was INR 11.733 million against INR 22.574 million a year ago. Net profit was INR 10.666 million against INR 22.057 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.39 against INR 0.80 a year ago.

 

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