Indosolar

Last updated

Indosolar Limited
Formerly
  • Robin Garments Private Limited
  • Robin Solar Private Limited
Company typePublic
ISIN INE866K01015
Industry Solar power
Founded8 April 2005;19 years ago (2005-04-08)
FounderBhushan Kumar Gupta
HeadquartersC-12, Friends Colony (East), ,
India
Area served
Worldwide
Key people
H.R. Gupta (MD)
Products
Production output
450 MW (2015)
RevenueDecrease2.svg318.4352 crore (US$38 million) (FY18)
Decrease2.svg−98.7024 crore (US$−12 million) (FY18)
Decrease2.svg−162.8352 crore (US$−20 million) (FY18)
Total assets Decrease2.svg743.7186 crore (US$89 million) (FY18)
Total equity Decrease2.svg−456.5296 crore (US$−55 million) [1]  (FY18)
Number of employees
283 [2]  (31 March 2016)
Website www.indosolar.co.in

Indosolar Limited is an Indian photovoltaic cell and solar panel manufacturer. It is presently under the CORPORATE INSOLVANCY RESOLUTION PROCESS (CIRP). It is the largest PV cell manufacturer in India by capacity. [3]

Robin Garments Private Limited was incorporated under the Companies Act on 8 April 2005, [4] [5] by Indian entrepreneur Bhushan Kumar Gupta. Gupta had previously founded Phoenix Lamps Ltd., an automotive halogen lamp manufacturer. [6] On 2 July 2008, shareholders decided to rename the company to Robin Solar Private Limited to reflect the company presence in the solar business. The Registrar of Companies (RoC) granted a new certificate of incorporation on 21 July 2008. On 16 September 2009, the Delhi High Court ordered the amalgamation of the two incorporated companies. Per the terms of the amalgamation, the company's status was changed from a private limited company to a public limited company, and it was renamed Indosolar Limited. The RoC granted new certificates of incorporation confirming the new status and name on 12 October and 30 October 2009 respectively. [4]

On 13 June 2014, Indosolar secured a contract with Azure Power to supply 60 MW of solar power. This was the single largest solar contract of India's National Solar Mission. [7] [8]

Related Research Articles

<span class="mw-page-title-main">Bank of Baroda</span> Indian public sector bank

Bank of Baroda is an Indian government Public sector bank headquartered in Vadodara, Gujarat. It is the third largest public sector bank in India after State Bank of India. Based on 2023 data, it is ranked 586 on the Forbes Global 2000 list.

<span class="mw-page-title-main">Sanyo</span> Japanese electronics company

Sanyo Electric Co., Ltd. is a Japanese electronics manufacturer founded in 1947 by Toshio Iue, the brother-in-law of Kōnosuke Matsushita, the founder of Matsushita Electric Industrial, now known as Panasonic. Iue left Matsushita Electric to start his own business, acquiring some of its equipment to produce bicycle generator lamps. In 1950, the company was established. Sanyo began to diversify in the 1960s, having launched Japan's first spray-type washing machine in 1953. In the 2000s, it was known as one of the 3S along with Sony and Sharp. Sanyo also focused on solar cell and lithium battery businesses. In 1992, it developed the world's first hybrid solar cell, and in 2002, it had a 41% share of the global lithium-ion battery market. In its heyday in 2003, Sanyo had sales of about ¥2.5 trillion. However, it fell into a financial crisis as a result of its huge investment in the semiconductor business. In 2009, Sanyo was acquired by Panasonic, and in 2011, it was fully consolidated into Panasonic and its brand disappeared. The company still exists as a legal entity for the purpose of winding up its affairs.

<span class="mw-page-title-main">Engineers India</span> Indian public sector engineering company

Engineers India Limited (EIL) is an Indian public sector industrial technology, engineering consultancy and technology licensing company. It was set up in 1965 with the mandate of providing indigenous technology solutions across hydrocarbon projects. Over the years, it has also diversified into synergic sectors like non-ferrous metallurgy, infrastructure, water and wastewater management and fertilizers.

<span class="mw-page-title-main">Eveready Industries India</span> Indian battery manufacturer in Kolkata

Eveready Industries India Ltd. (EIIL) is an Indian company that manufactures and markets batteries and lighting products. The Eveready brand has been present in India since 1905. It also manufactures photogravure plates, castings, carbon electrodes and related products.

Moser Baer was an Indian multinational manufacturer of optical discs, storage devices, CDs, DVDs, based in New Delhi. The company was present in over 100 countries, serviced through 15 marketing offices and representatives, and had tie-ups with other optical media storage manufacturers. Its products were manufactured at its three plants in New Delhi, which employed over 8,000 people. The company had subsidiaries that manufactured photovoltaic cells and modules using crystalline silicon and thin film technologies.

<span class="mw-page-title-main">BP Solar</span>

BP Solar was a manufacturer and installer of photovoltaic solar cells headquartered in Madrid, Spain, with production facilities in Frederick, MD, India and the People's Republic of China. It was a subsidiary of BP.

Exide Industries Limited (Exide) is an Indian multinational storage battery manufacturing company, headquartered in Kolkata, India. It is the largest manufacturer of lead-acid storage batteries and power storage solutions provider in India.

<span class="mw-page-title-main">Solar power in India</span>

India's solar power installed capacity was 89.43 GW AC as of 31 August 2024. India is the third largest producer of solar power globally.

<span class="mw-page-title-main">Yingli</span> Chinese solar energy company

Yingli, formally Yingli Green Energy Holding Company Limited -. Yingli Green Energy Holding Company Limited, known as "Yingli Solar," is a solar panel manufacturer. Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. Yingli's photovoltaic module capacity is 30 GWs.

SunEdison, Inc. is a renewable energy company headquartered in the U.S. In addition to developing, building, owning, and operating solar power plants and wind energy plants, it also manufactures high-purity polysilicon, monocrystalline silicon ingots, silicon wafers, solar modules, solar energy systems, and solar module racking systems. Originally a silicon-wafer manufacturer established in 1959 as the Monsanto Electronic Materials Company, the company was sold by Monsanto in 1989.

Tata Power Solar Systems Limited, formerly Tata BP Solar, is an Indian company that specialises in solar energy services. The company manufactures solar modules, solar cells, and other solar products, and provides EPC services for solar power projects.

Lanco Infratech was a large Indian conglomerate that became insolvent in 2017. It was involved in construction, power, real estate, and several other segments. One of the first Independent Power Producers (IPP) in India, in 2011 it became the largest private power provider in India.

<span class="mw-page-title-main">Bajaj Electricals</span> Indian electric appliances company

Bajaj Electricals Ltd is an Indian consumer electrical equipment manufacturing company based in Mumbai, Maharashtra. It is a part of the 380 billion (US$4.6 billion) Bajaj Group. It has diversified with interests in lighting, luminaries, appliances, fans, LPG based generators, engineering and projects.

<span class="mw-page-title-main">Adani Enterprises</span> Indian multinational holding company

Adani Enterprises Limited (AEL) is an Indian multinational publicly-listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore. Through its various subsidiaries, it also has business interests in airport operations, edible oils, road, rail and water infrastructure, data centers, and solar manufacturing, among others.

<span class="mw-page-title-main">Piramal Group</span> Indian conglomerate

The Piramal Group is an Indian multinational conglomerate that has presence across various sectors such as healthcare, life sciences, drug discovery, financial services, alternative investment and real estate.

<span class="mw-page-title-main">Azure Power</span>

Azure Power Global Limited is an independent power producer, a developer and an operator of utility and commercial scale solar PV power plants headquartered in New Delhi, India. The company was founded in 2008 by Inderpreet Wadhwa. The company sells energy to government utilities, and independent industrial and commercial customers in India. Azure Power developed India's first utility scale solar project in 2009 in Awan, Punjab. Azure Power has a total capacity of more than 7 GW.

<span class="mw-page-title-main">Vikram Solar</span> Indian solar energy company

Vikram Solar Limited is an Indian company based in Kolkata. It is one of the largest solar module manufacturers in India, with 3.5 GW module manufacturing capacity annually and the second-largest solar energy company in India by revenue. The company's primary business focus is manufacturing solar PV modules, and also carrying out engineering, procurement, and construction services and operations, and maintenance of solar power plants.

<span class="mw-page-title-main">Kurnool Ultra Mega Solar Park</span> 3rd Largest Solar Park in India

Kurnool Ultra Mega Solar Park in Andhra Pradesh is a solar park spread over a total area of 24 square kilometres (9.3 sq mi) in Panyam mandal of Kurnool district, Andhra Pradesh, with a capacity of 1000 MW. It was inaugurated by then chief minister of Andhra Pradesh Nara Chandrababu Naidu in 2019 The park was built at an investment of around 70 billion (US$840 million) by solar power developers and the Central and State governments. Solar power developers invested 10 billion (US$120 million), while the remaining 60 billion (US$720 million) was funded by APSPCL supported by a 2 billion (US$24 million) grant from the Union Government.

<span class="mw-page-title-main">Adani Green Energy</span> Indian renewable energy company

Adani Green Energy Limited (AGEL) is an Indian renewable energy company, headquartered in Ahmedabad, India. It is majority-owned by Indian conglomerate Adani Group and minority-owned by TotalEnergies. The company operates Kamuthi Solar Power Project, one of the largest solar photovoltaic plants in the world.

Triveni Engineering & Industries Limited (TEIL) is an Indian conglomerate with diversified businesses in sugar and engineering, headquartered in Noida, India. It was founded in 1932. The company is engaged in sugar and alcohol, including ethanol production, power co-generation, power transmission, including industrial gears & gearboxes and defence, water treatment solutions and FMCG brands. It is the second-largest sugar producer in India.

References

  1. "Annual Report 2018" (PDF). Indosolar. Retrieved 24 March 2019.
  2. "Solar cell maker Indosolar Ltd reports loss of Rs 29.77 crore for march - The Economic Times". The Economic Times. 30 May 2016. Retrieved 6 November 2016.
  3. "Indosolar gets more time in the sun with second loan recast". The Financial Express. 24 April 2015. Retrieved 6 November 2016.
  4. 1 2 "Indosolar > Company History > Miscellaneous > Company History of Indosolar". www.moneycontrol.com. Retrieved 6 November 2016.
  5. "Indosolar Annual Report 2016" (PDF). www.indosolar.co.in. Retrieved 6 November 2016.
  6. "Who We Are". www.indosolar.co.in. Retrieved 6 November 2016.
  7. Bureau, Our (13 June 2014). "Indosolar inks contract with Azure Power". The Hindu Business Line. Retrieved 6 November 2016.{{cite web}}: |last1= has generic name (help)
  8. Reporter, B. S. (13 June 2014). "Indosolar bags largest solar cell contract". Business Standard India. Retrieved 6 November 2016.

See also