Powerica Share price

Our Company was incorporated as ‘Consolidated Power Systems Private Limited’ a private limited company under the Companies Act 1956 pursuant to certificate of incorporation dated May 4 1984 issued by the RoC. Subsequently the business of Hindustan Industrial & Electrical Engineers a partnership firm constituted amongst late Naresh Chander Oberoi late Kharatiram Kharak Puri and Mitter Sen was assigned to our Company pursuant to an agreement to assign dated May 23 1984 with effect from June 1 1984. Our Company became a deemed public limited company under Section 43(A) (1A) of the Companies Act 1956 and the word “private” was struck off from the name of our Company with effect from June 15 1988 pursuant to a special resolution passed by our Shareholders on July 15 1988. Subsequently the name of our Company was changed from ‘Consolidated Power Systems Limited’ to ‘Powerica Limited’ pursuant to a special resolution passed by our Shareholders on September 16 1989. A fresh certificate of incorporation dated October 5 1989 was accordingly issued by the RoC.Major Events and Milestones:1984- Commenced power generation set business in India1996- Alliance with a Denmark based corporation to sell their generator set business in India through our Company.2004- Entered into the GOEM supply contract with Cummins India2008- Commenced wind power business in India2010- Entered into a memorandum of understanding with Vestas for joint development of wind farms2014- Started an association with HD Hyundai Heavy Industries Co. Limited- Installed first wind power project as a developer jointly with Vestas as complete balance of plant (“BoP”) solution at its co-development model project.2016- Joint venture agreement with Vestas for approximately 750 MW2019- Commissioned a 50.6 MW wind power project for Gujrat Urja Vikas Nigam Limited- Entered into an agreement with HD Hyundai Heavy Industries Co. Limited for supplying generator sets to nuclear power plants in India2023- Commissioned 153.9 MW wind power projects in Gujarat- Completed execution of 398 MW wind power project as an independent power producer and BoP over last 9 years2024- Won 100 MW wind power project bids in Solar Energy Corporation of India Ltd. tariff-based competitive bidding- Entered into a joint development agreement with GE Renewable R&D India Private Limited for joint development of wind solar hybrid renewable energy power projects of up to 2000 MW in the state of Gujarat- Acquired 50% of the equity share capital of retro fit emission control device manufacturers Platino Automotive Private Limited- Entered into a framework agreement with Vestas Wind Technology India Private Limited for supply of multi-brand spare parts consumables and services for multi brand wind turbine generators- International cooperation agreement executed between 8.2 Consulting AG and our Subsidiary Powerica Renewable Infra Private Limited for the joint processing of projects in the field of wind energy- Entered into a spare parts supply agreement with Hydraulic Parts & Systems BV2026- Commissioned a 50 MW wind power project in Gujarat