IMP POWERS LTD
Add to watch list to get report alerts
BSE Code:
517571
NSE Code:
INDLMETER
Business Profile
Business Profile
IMP Powers (IMPOWERS) is a manufacturer of electrical equipment such as transformers, measuring and testing instruments. It was incorporated in 1961.
The ISO 9001 certified company offers power and distribution transformers including EHV transformers, auto transformers, power transformers, distribution transformers, auxiliary transformers, arc furnace transformers, thyristor duty transformers, station transformers and special purpose transformers; analog and digital ammeters and voltmeters; throat threaded bushings, shunt and meter testing equipment; and on-load tap changers. The manufacturing facilities are located in Mumbai, Maharashtra and the Union territory of Silvassa with installed capacities of 164,400 electrical equipment and 3,600 MVA power distribution transformers, which is to increase to 6,000 MVA as part of the company`s expansion plans.
In 2007, the company bagged several orders including a prestigious order worth INR 650 million from an EPC contractor for the supply of 132 KV and 220 KV class EHV transformers to Maharashtra State Electricity Board; an export order for the supply of power transformers valuing USD 1 million to Zambia; an order valued at Rs 250 million from Sunil Hitech Engineers for the supply of EHV transformers of 50 MVA/100 MVA; an order valued at Rs 200 million from GETCO; and an order value at INR 40 million from Rajasthan Rajya Vidyut Nigam for a 100 MVA 230 kV class transformer. With a domestic clientele list including Power Grid Corporation of India, L&T, and Reliance Energy among others, the company exports its products to countries in Africa, Australia and Asia.
The registered office is located at 263/3/2/2 Sayli Village, Umar Kuin Road, Silvassa-396230, Dadra & Nagar Haveli.
Financials
IMP Powers registered a profit of Rs 20.91 million for the quarter ended September 2007.
It recorded a net sales of Rs 264.89 million for the quarter.
Total income was Rs 266.93 million for the quarter ended September 2007. The earnings per share (EPS) of the company stood at Rs 3.12 for the quarter ended September 2007.
Recent Developments
22-OCT-07
The company received a prestigious order worth Rs 650 million from a renowned EPC contractor for supply of EHV transformers of 132 KV and 220 KV class to Maharashtra State Electricity Board (MSEB) to be executed in the next six to nine months.
19-OCT-07
The company is undertaking an expansion project with a capital outlay of Rs 280 million
including working capital. The project includes expansion of its manufacturing facilities situated in the Union Territory of Silvassa from the existing 3,600 MVA to 6,000 MVA. The funds managed and advised by Motilal Oswal Venture Capital Advisors (MOVCAPL) have invested Rs 190 million to part finance the expansion project. Brescon Corporate Advisors were the financial advisors to the company on this deal. Further, the promoters of the company and Brescon Corporate Advisors have subscribed to warrants to finance the balance of the capex program.