Akanksha Power & Infrastructure Ltd Share Price

(AKANKSHA)

Akanksha Power Infrastructure Ltd was originally incorporated in the name of Akanksha Power and Infrastructure Private Limited dated July 01 2008 issued by the Registrar of Companies Mumbai. The Company was converted into Public Limited Company and the name of Company was changed to Akanksha Power and Infrastructure Limited with a fresh Certificate of Incorporation dated April24 2023 issued by Registrar of Companies Mumbai. Led by the Promoter Mr. Bipin Bihari Das Mohapatra in year 2008 the Company is presently engaged into the business of manufacturing of Electric Equipments including Electrical Panels Instrument Transformers and Vacuum Contactors and Capacitor Switches. In addition to production and manufacturing they are providing services related to operation including establishment of electrical infrastructure which involves power quality audit site analysis online cloud based multiple monitoring and data analysis for better management to reduce losses at Transmission Distribution and User level. It is also managing electrical distribution network for distribution companies DISCOMs. Further Company is also into engineering and execution of turnkey projects which involves supply installation erection commissioning and maintenance of electrical infrastructure up to 33 KV managing greenfield LED streetlight and technical operation and maintenance of electrical division in Odisha. At present the two manufacturing plants are situated at Nashik Maharashtra.Akanksha was founded in 2008 with a vision to provide sustainable and reliable power solutions to its customers and from 2008 to 2010 Company was engaged in the trading of Capacitors which were procured from EPCOS India Private Limited currently known as TDK Electronics. The major commercial operation of the Company started in year 2010 as an input based rural power distribution franchise DF in Khaira Electrical Subdivision Balasore Odisha. In 2013 the Company established manufacturing facilities and started production of APFC Panels to provide Power Quality Solution. Besides it got into a new sector of business i.e. turnkey construction of High Tension HT and Low Tension LT electrical infrastructure including 33/11 KV Substations Distribution Substations etc. In 2016 Company launched new products like Current Transformer CT Potential Transformer PT and Residual Voltage Transformer RVT used to measure current and voltage in electrical systems. In 2018 the Company got the Greenfield LED Street Light projects on turnkey basis in 12 districts of Odisha and is providing operation and maintenance OM services for the next 7 years.Later in 2019 the Company launched another new product Vacuum Contactors which are used in heavyduty applications and designed to operate reliably even in harsh environments. Additionally it introduced capacitor switches that help control power systems more efficiently. The Company is proposing a Public Offer of 4995000 Equity Shares through Fresh Issue..

Listing date: 03 Jan, 2024