Essar Power Profile
Key Indicators
- Authorised Capital ₹ 20,000.00 Cr
- Paid Up Capital ₹ 4,874.54 Cr
- Company Age 33 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 12,522.02 Cr
- Satisfied Charges ₹ 14,909.50 Cr
- Revenue Growth -52.03%
- Profit Growth 1468.24%
- Ebitda -25590.91%
- Net Worth 532.36%
- Total Assets 4.75%
About Essar Power
Essar Power Limited (EPL) is a leading Public Limited Indian Non-Government Company incorporated in India on 30 October 1991 and has a history of 33 years and five months. Its registered office is in Gandhi Nagar, Gujarat, India.
The Company is engaged in the Environment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 20,000.00 Cr and a paid-up capital of Rs 4,874.54 Cr.
The company currently has active open charges totaling ₹12,522.02 Cr. The company has closed loans amounting to ₹14,909.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Essar Power Limited India are Prakash Khedekar as Company Secretary, Kush as Ceo, and Kapil Singla as Cfo. Kapil Singla, Kush, Bhaven Bhatt, and Three other members serve as directors at the Company.
Company Details
- Location
Gandhi Nagar, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40100GJ1991PLC064824
- Company No.
064824
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
30 Oct 1991
- Date of AGM
29 Dec 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Environment
Energy and Power
What products or services does Essar Power Limited offer?
Essar Power Limited offers a wide range of products and services, including Generators, Turbines & Power Plants, Power Plants & Spare Parts, Steel & Stainless Steel Products, Industrial Steel, Building & Real Estate Developers, Commercial Construction Service, Power Plant Equipment, Energy Conservation, Freight Forwarding Services, Shipping Services.
Essar Power Limited
Explore comprehensive data for Essar Power Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Essar Power?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prakash Khedekar  | Company Secretary | 20-Sep-2018 | Current |
| Kush | CEO | 01-Oct-2020 | Current |
| Kapil Singla | CFO | 26-Mar-2018 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Bhaven Bhatt | Director | 15-Apr-2023 | Current |
| Ramesh Mohanty | Director | 20-Oct-2022 | Current |
| Rachana Luharuka | Director | 07-Feb-2024 | Current |
| Ramesh Ramakrishnan | Director | 15-Sep-2023 | Current |
Financial Performance of Essar Power.
Essar Power Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 52.03% decrease. The company also saw a substantial improvement in profitability, with a 1468.24% increase in profit. The company's net worth Soared by an impressive increase of 532.36%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Essar Power?
In 2023, Essar Power had a promoter holding of 92.77% and a public holding of 7.23%. The company had 8 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Kalinga Commercial Corporation LimitedRamesh Mohanty is a mutual person
- Essar Electric Power Development Corporation Limited
Prakash Khedekar and Kapil Singla are mutual person
- Essar Power Transmission Company Limited
Prakash Khedekar and Kapil Singla are mutual person
- Essar Power Gujarat Limited
Kapil Singla, Kapil Singla and 3 more are mutual person
- Essar Wind Power Private Limited
Kapil Singla is a mutual person
- Gandhar Hazira Transmission Limited
Kapil Singla is a mutual person
Charges (Loans)
Open Charges
₹12,522.02 Cr
Satisfied Charges
₹14,909.50 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 10169.00 Cr
- Others : 2317.02 Cr
- Axis Bank Limited : 36.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Sep 2023 | Others | ₹150.00 Cr | Open |
| 31 May 2023 | Others | ₹900.00 Cr | Open |
| 31 May 2023 | Others | ₹900.00 Cr | Open |
| 27 Apr 2023 | Others | ₹367.02 Cr | Open |
| 05 Sep 2022 | Axis Bank Limited | ₹36.00 Cr | Open |
How Many Employees Work at Essar Power?
Essar Power has a workforce of 10 employees as of Mar 26, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Essar Power, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Essar Power's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Essar Power
Recent activity within the organization
- Charges
A charge registered on 26 Feb 2016 via Charge ID 100042553 with Others was fully satisfied on 22 May 2024.
- Charges
A charge registered on 30 May 2022 via Charge ID 100578695 with Others was fully satisfied on 15 May 2024.
- Charges
A charge with Others of Rs. 367.02 Cr registered on 27 Apr 2023 with Charge ID 100731462 was modified on 16 Feb 2024.
- Director Appointment
Rachana Ramesh Luharuka was appointed as a Director was appointed as a Director on 07 Feb 2024 & has been associated with this company since 1 year 2 months .
- Annual General Meeting
Essar Power Limited last Annual general meeting of members was held on 29 Dec 2023 as per latest MCA records.
- Charges
A charge registered on 29 Sep 2015 via Charge ID 10593835 with Idfc Limited was fully satisfied on 12 Dec 2023.
Recent News, Updates & Announcement
Ankur Kumar to lead Essar Power's renewables division, targets green energy expansion.Ankur Kumar, previously the CEO at ACME Solar Holdings Pvt. Ltd., brings over two decades of experience in renewable energy and public infrastructure. At ACME, he led the strategic expansion into the green hydrogen and ammonia businesses and was instrumental in expanding their geographical footprint..
- Xtended Space Secures Series A Funding, Revolutionizing Prop-Tech with Innovative Storage Solutions.
Xtended Space secures Series A funding, aiming to transform the Indian real estate market with innovative storage solutions..
- Private Indian Firms Look to Build 10 GW of Coal Power Capacity.
Major Indian power firms are vying to install at least 10 gigawatts of coal-fired capacity over the next decade..
- Essar Group to Produce 1 Gigawatt of Green Hydrogen in Jamnagar, Gujarat: Prashant Ruia Announces #GreenGoals and #BigPlans for Jamnagar Hydrogen Project.
Essar Group: We're gonna make 1 gigawatt of green hydrogen in Jamnagar, Gujarat. Prashant Ruia said so. #GreenGoals #BigPlans #JamnagarHydrogenProject.
Frequently asked questions
What is the Incorporation or founding date of Essar Power Limited?
Essar Power Limited was incorporated on 30 Oct 1991.
What is authorized share capital and paid-up capital of Essar Power Limited?
The authorized share capital of Essar Power Limited is ₹ 20,000.00 Cr and paid-up capital is ₹ 4,874.54 Cr.
Who are the current board members & directors of Essar Power Limited?
Currently 9 directors are associated with Essar Power Limited.
- Prakash Pandurang Khedekar
- Kush
- Kapil Singla
- Kapil Singla
- Kush
- Bhaven Suman Bhatt
- Ramesh Chandra Mohanty
- Rachana Ramesh Luharuka
- Ramesh Kumar Ramakrishnan
What is the registered address of Essar Power Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Essar Power Limited is Office No. 14 And 15 Ground Floor Info Tower - I Infocity Airport Road, Near Indroda Circle India, Gandhinagar, Gujarat, 382007.
What is the corporate identification number (CIN) and company number of Essar Power Limited?
The corporate identification number (CIN) of Essar Power Limited is U40100GJ1991PLC064824 and the company number is 064824 as per Ministry of Corporate Affairs (MCA).
What is the official website of Essar Power Limited?
The Official website of Essar Power Limited is https://www.archive.essar.com
What has been the recent revenue trend for Essar Power Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Essar Power Limited has fallen by -52.03%.
How many employees does Essar Power Limited currently have?
As Per 2023 financial reports, 10 employees are currently employed by Essar Power Limited.
What change has been observed in the net worth of Essar Power Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Essar Power Limited has experienced an upsurge of 532.36%.
What are the total open charges for Essar Power Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Essar Power Limited amount to ₹ 12,522.02 Cr.
When was the last Balance Sheet of Essar Power Limited filed with the ROC?
The most recent Balance Sheet for Essar Power Limited was filed with the ROC on 31 Mar 2023.
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