INNOCORP LTD
Add to watch list to get report alerts
BSE Code:
531929
NSE Code:
INNOCORP
Business Profile
Business Profile
Innocorp (INNOCORP) is a diversified company with business interests in power management, contract manufacturing and IT-enabled services. It was established in 1983.
The company operates through its three divisions of power infrastructure, contract manufacturing and IT-enabled solutions. It undertakes turnkey projects providing wide-ranging products, systems and solutions in the field of protection, control, and automation across the power generation, transmission, distribution and industrial application segments. The company manufactures high-end plastic molded products, power distribution polymer insulators, and other consumer durables for multinational and domestic companies on contract basis. It provides IT-enabled services to the power sector industries particularly in automating processes and delivering productivity improvements.
The manufacturing facility in Hyderabad has an installed capacity of 1,700 MT of molded plastic products for which the company has a manufacturing tie-up with Tupperware India. In project execution, it has partnerships with companies including Durafabs, Irrigation Equipment Corporation and others. Innosoft Technologies Inc., USA and Garapati Tele-Films are subsidiaries. The company supplies its power cables to companies such as BHEL, SCODA Exports, Indian Oil Corporation, Power Grid Corporation, Baba Atomic Research Center, and others; provides power infrastructure services on a turnkey basis to AP Transco, Hubli Electricity Supply Company and Enercon India; and undertakes contract manufacturing of plastic molded products for Nilkamal Plastics besides Tupperware.
The registered office of the company is located at No 102, Badam Sohana Apartments, Rajbhawan Road, Near Somajiguda, Hyderabad-500082, Andhra Pradesh.
Financials
Innocorp registered a profit of Rs 8.91 million for the quarter ended September 2007.
It recorded a net sales of Rs 89.63 million for the quarter.
Total income was Rs 89.63 million for the quarter ended September 2007.