Bilpower Limited
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BSE Code:
531590
NSE Code:
BILPOWER
Business Profile
Business Profile
Bilpower (BILPOWERQ) is a leading power engineering company in India. It was incorporated as a private limited company on Oct. 5, 1989 and was converted into a public limited company with the present name on Feb. 08, 1995.
The company is involved in manufacturing electrical laminations made up of cold rolled grained oriented (CRGO) steel sheets and stampings (stators and rotors). The CRGO is exclusively used in the manufacture of distribution and power transformers and stampings used for rotation of power. It is also engaged in the import and export of CRGO and CRNGO electrical steel sheets, coils and offcuts. The company imports raw materials, e.g., CRGO from US, UK, Germany, Italy, Dubai, Europe and exports its products worldwide. The company has four units in Baroda, Silvassa and Haridwar.
As part of expansion, the company has entered the transmission and distribution business through a joint venture as lead partner. The joint venture has been appointed as turnkey contractors by Maharshtra State Electricity Distribution Company. The subsidiaries of the company include Tarapur Transformers, which is involved into repairs, refurbishment and upgradation of power transformers and Sun Transtamp, a company involved in manufacturing electrical laminations.
The registered office of the company is located at 201- 204, Vikas Chambers, Second Floor, Mumbai- 400064.
Financials
Bilpower posted a net profit of Rs 176.06 million for the year ended Mar. 31, 2007 on sales of Rs 2,458.69 million. Total income for the year stood at Rs 2,459.33 million. During the year, the company posted an EPS of Rs 25.91.
Recent Developments
19-OCT-07
The company has been qualified as the turnkey contractor for the EPC business in the transmission and distribution segment of power sector by the Maharashtra State Electricity Distribution Company (MSEDCL). In view of the same, the company proposes to venture into transmission and distribution turnkey contracts.
27-APR-07
On April 26, 2007, the board of directors decided to approach State Bank of India, Industrial Finance Branch, Malad (West), Mumbai for a separate limit of Rs 750 million for forward contract, buying of call option, selling of put option, ..etc with immediate effect.
02-FEB-07
The members of the committee for conversion of warrants into equity shares held on January 29, 2007 have approved the allotment of 1,499,970 equity shares arising out of the conversion of warrants.
01-FEB-07
On January 24, 2007, the board of directors approved the acquisition/amalgamation of Sun Transtamp with the company and also approved the swap ratio for the amalgamation, i.e., 150 equity shares of the company for every 1 equity share of Sun Transtamp.