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Suryachakra Power Corporation Ltd.

BSE: 532874 | NSE: | Series: NA | ISIN: INE274I01016 | SECTOR: Power - Generation & Distribution

BSE Live

Aug 04, 16:00
0.84 -0.04 (-4.55%)
Volume
AVERAGE VOLUME
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150,124
10-Day
98,036
30-Day
221,122
308,276
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    0.88

  • Open Price

    0.84

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.85 (500)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
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Suryachakra Power Corporation is not listed on NSE
Company History - Suryachakra Power Corporation
The Company was originally incorporated as Suryachakra Power
 Corporation 
 Limited on February 28, 1995 with registration no. 01-19554, in
 Hyderabad, 
  Andhra Pradesh under the Companies Act, 1956 and obtained
 certificate of 
 commencement of business on March 16, 1995. The Company was converted
 
 into a private limited company with effect from August 9, 2000.
 Pursuant to this, 
 the name of the Company was changed to Suryachakra Power Corporation
 Private Limited. The Company was re-converted into a public limited
 company with 
 effect from September 8, 2005 in terms of Section 31(1)/44 of the
 Companies Act, 
 1956. Pursuant to this, the name of the Company was changed to
 Suryachakra Power 
 Corporation Limited. The Company was promoted by Dr. S.M. Manepalli
 and his 
 associates.
 
 Suryachakra had bagged the award to construct and operate a 20 MW
 Diesel based 
 Power Plant in Andaman & Nicobar Islands by the A & N Administration.
 The project 
 was awarded to Suryachakra in Competitive Bidding. Accordingly, PPA
 was signed by 
 the Chief Secretary, Andaman & Nicobar Administration on behalf of
 President of India 
 on 20th November 1997. This Power Station has to work as base loan
 station and supply 
 energy in the South Andaman i.e. Port Blair and nearby Villages.
 
 It is the only company in the private sector to dedicate a thermal
 power plant in the union
 territory of Andaman and Nicobar Islands to the nation.
 
 The A & N administration declared commercial operation date for the
 plant at
 Andaman and Nicobar with effect from April 01, 2003.
 
 The Company has acquired 100% shareholding in the following three
 companies that 
 are also into power generation.
 
 1.    Lahari Power & Steels Limited
 2.    South Asian Agro Industries Limited
 3.    MSM Energy Limited
 
 Lahari, SAAIL and MSM have become wholly owned subsidiaries on
 November 26, 2005,
 November 21, 2005 and November 23, 2005 respectively.
 
 
 2007
 
 - The equity shares of Suryachakra Power Corporation Ltd are listed
 and admitted to dealings on the Exchange in the list of 'B1' Group
 Securities.
 
 - The units of the Company's 100% subsidiary Companies namely, M. S.
 M. Energy Ltd and Lahari Power & Steels Ltd have been registered for
 availing carbon credits under Clean Development Mechanism.
 
 - Suryachakra Power Corporation Ltd (SPCL) has entered into MOU with
 China Guodian Corporation (CGC) for the development of its proposed
 1200 MW IPP Coal based power project.
 
 
 2008
 
 - The Company has entered into MOU with Government of Chattisgarh,
 Chattisgarh State Electricity Board for setting up of 270 MW Thermal
 Power Project in the state of Chattisgarh with a proposed investment
 of approximately Rs 1100 crores.
 
 - The unit of the Company's 100% subsidiary Company South Asian Agro
 industries Ltd has been registered with UNFCCC for availing carbon
 credits under Clean Development Mechanism.
 
 
 2009
 
 - M/s. South Asian Agro Industries Ltd having 10 MW Biomass Power
 Project located at Champa, Maharastra, a wholly owned Subsidiary of
 the Company, has started operations.
 
 - The Company has acquired M/s. Suryachakra Power Venture Pvt. Ltd,
 one of its Group Companies, as wholly owned subsidiary of the
 Company.
 
 
 2011
 - Suryacha.Pow - MoU with SunBorne and Citadel for establishing 5 MW
 Solar CSP.
 - MoU with American Bio Sources Inc., and EEFC Inc. USA for
 implementing up to 500 MW Renewable Energy Power Project.
 
 2015
 -Suryachakra Power Corporation Ltd has  fixed the project cost at
 Rs.77.64 crores as per the directions of APTEL