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Zodiac Energy Ltd. Company History and Annual Growth Details

The Company was originally incorporated as ?Zodiac Genset Private Limited? at Ahmedabad on May 22, 1992 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Ahmedabad. Subsequently, the name of the company was changed to ?Zodiac Energy Private Limited? on April 30, 2007 and fresh Certificate of Incorporation consequent upon change of name was issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Ahmedabad. Consequently upon the conversion of the Company into public limited company, the name of the Company was changed to ?Zodiac Energy Limited? and fresh Certificate of Incorporation dated August 29, 2017 was issued by the Registrar of Companies, Gujarat Dadra and Nagar Haveli, Ahmedabad.

On announcement of the Industrial policy 1991, by the then Finance minister Dr. Manmohan Singh, which opened gateways for small scale industries resulting into demand of standby electrical power surged in Gujarat. To grab the opportunity the promoter Director Mr. Kunjbihari Shah who was having experience in dealing of Diesel Generator sets, floated the company in the year 1992 and started its jtheney by assembling of Diesel Generating Sets to cater the Gujarat and nearby markets.

During, 1993-2000 India was undergoing telecom revolution due to introduction of C-DOT technology by Dr. Sam Pitroda and Department of Telecom planned to install Telephone exchanges in every village of the country. This expansion drive of DOT needs huge quantity of Diesel Generator (DG) Sets and the company have worked extensively with DOT to supply installation of DG Sets in telephone exchanges in the region of Gujarat and Maharashtra. In the year 1998, the company received appreciation letter from DoT for very good performance among the DG (EA) Set suppliers in the country.

Simultaneously, since 1997, mobile telephony was a buzzword across the globe and in the continuation of telecom revolution, many new licenses for mobile telephony were auctioned by Govt. And many players have started their operations and the company catered their need for DG Sets for backup power for their Main Switching Centres and Mobile tower sites in Gujarat. Among the prominent clients of the company was FASCEL ltd. (Now Vodafone), Airtel, Birla AT&T (Now IDEA), Tata Teleservices etc.

The western India is blessed with availability of Natural Gas and during 2002-2010 the availability and prices of natural gas were favtheable for Industries for captive power generation through natural gas and hence the company started giving EPC solutions for natural gas based captive/co-generation power plants. The company installed 1.4 MW captive power plant with co-generation at AMUL Dairy Aanand on Build, Own, Operate and Transfer (BOOT) basis. It was first of its kind project in the country and the total investment and operation and maintenance responsibility rest on the company.

After that the company installed many captive/cogeneration power plants across the country on natural gas, Bio-Gas, STP Gas etc. With support from Clarke Energy (India) Limited (Distributors for GE Jenbacher Gas Engine in India) and M/s. GMMCO Limited (distributors for CATERPILLAR gas generators in India).

In this jtheney of 25 years from 1992-2017, the company installed more than 150 MW of diesel and gas based generators/power plants pan India. In 2012, the company started working in designing and engineering of process equipment and also started manufacturing of process equipment in small scale. The company has worked with many prominent national and international players like Ingersoll Rand, ITT, Borsig (Germany), Croll Raynolds Inc. (USA), Mazda Ltd., Mobile Communications India Limited, L&T ltd. Etc. In 2012-13, the company started working in solar power and started dealing in Solar water heaters and off-grid and on-grid solar PV power plant and became accredited channel partner of Ministry of New and Renewable Energy (MNRE) Govt. Of India by getting SP 3B which indicates Moderate Peroframnce Capacbility and Moderate Financial Strength, (Grading scale SP 1A to SP 5C) solar grading from CARE ratings. Subsequently in 2016, the solar Grading of the company increased to SP2C which indicates High Technical Capability and Moderate Financial Strength (Grading Scale SP 1A to SP 5E) by Brickwork ratings. The company is also MNRE approved manufacturer of solar water heaters.

the company has installed solar power plants for many prominent clients like Sun-Edison India Limited, Adani Group, Torrent Power Ltd., Gujarat Energy development Agency, Reserve bank of India, Directorate of Lighthouse and Lightships GoI, Indian Oil Corporation Limited to name a few. The company has installed more than 6000 KW of Rooftop solar power plants till now and it envisage to reach at 10000 KW by end of 2017-18.

We are Energy Solution Provider company having experience in majority of verticals of power generations spectrum. the spectrum of services are including Design, supply, installation, Testing and Commissioning (EPC) and Operation and Maintenance (O&M) in short we provide turnkey solutions from concept to commissioning of power plants.

Major Events

The major events of the company since its incorporation in the particular year are as under:

1992

- Zodiac was incorporated as Zodiac Genset Private Limited with primary business objective of assembly of Diesel Generating Sets. The Company became authorized OEM of Kirloskar Oil Engines Limited, Pune to assemble the gensets with Kirloskar engines and Kirloskar alternators.

1995

- The Company has been awarded for significant sales growth during 1993-1995 from Kirloskar Oil Engines Limited.

1998

- Zodiac was considered one of the best suppliers of D G Set by Department of Telecom (The largest buyer of D G Sets in the country at that point of time.)

2004

- Zodiac forayed in to Gas engine based captive co-generation power plants and tied up with Local arm of Deutz Germany for solutions.

2005

- Zodiac has installed 1.4 MW Gas engine based captive co-generation power plant on Built, Own, Operate and Transfer (BOOT) basis at AMUL Dairy, Anand. The first of its kind business model in the country.

2006

- Zodiac started working in various packages in coal based thermal power plants.

2007

- In order to showcase the company's presence in wide spectrum of Energy Generation business, the Company's name changed to ZODIAC ENERGY PRIVATE LIMITED

2012

- Zodiac also started manufacturing process equipment and served the prestigious clients like Ingersoll Rand, ITT, Borsig (Germany) Croll Raynolds Inc. USA, Mazda Limited etc.

2013

- Zodiac became Acredited Channel Partner of Ministry of New and Renewable Energy (MNRE) for solar Thermal and Solar PV systems.

- Zodiac ventured in to nascent Solar power business keeping both Solar Thermal and Solar PV business in mind.

- Zodiac also established the state of the art manufacturing facility for solar water heaters.

2015

- After introduction of solar power policy 2015 by Gujarat Government and various state Governments, Zodiac took huge leap in Solar PV market and till now installed more than 6000 KW of rooftop solar PV plants.

2017

- Zodiac installed 1 MW ground mounted solar PV power plant for Adani Transmission Limited at Mohindergarh, Haryana.

2020

-The Company has issued Bonus Shares in the Ratio of 1:1.

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