Enter the first few characters of Company and click 'Go'

Sun Source (India) Ltd. Company History and Annual Growth Details

The Company was Incorporated on 10th April 1992 under the Companies Act 1956 in the state of Gujarat. The Company obtained Certificate for Commencement of business on 30th April 1992.

The Company entered capital market in February 1994 with a Public Issue of Rs. 315 lacs to finance the cost of project of Executive marketing of Concentrating Solar PhotoVoltaic (CSPV) Power Plants and Wind ElectricEnergy Generator (WEG) Systems in collaboration with USA based companies. The total cost of the project was estimated at Rs 495 lacs which was financed by: (i) Rs 165 lacs as contributions from promotors, friends & relatives, (ii) Rs 315 lacs raised through Public Issue, and (iii) Rs 15 lacs by way of subsidy. The Company is in the process of implementing the project and meeting the objects of the earlier Issue.
However there has been a delay of about one year in meeting the objects of the earlier Issue.

The Company's collaboration with the Cannon group of USA is likely to be discontinued. However the Company is confident of procuring Wind ElectricEnergy Generators and/or components at competitive rates from other overseas suppliers such as Chase Corporation (USA), VentisEnergietechnik GmbH (Germany), Aerpac Special Products BV (The Netherlands).

In case of Wind Electric Energy Generators, the Company forsees a very high potential market. To tap this area in a big way, the Company has decided to provide windfarm services, which include supply of land for windfarm, weather monitoring services, plant operation & maintenance.The management feels that these activities can be conveniently and advantageously combined with the initial activities of executive marketing of Wind Electric Energy based power plants. This upgradation of business plan would result into better and lognterm profitability of the Company.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article