About Angul Energy Limited
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Angul Energy Limited was a public limited company based in New Delhi, Delhi, India, operated as a subsidiary of Tata Steel Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 14 September 2005.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U40105DL2005PLC140748. Its GSTIN is 21AACCB7445H1ZY (Odisha). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹210 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Bhushan Energy Limited and Bhushan Energy Private Limited. It was led by directors including Rajesh Kumar Agrawal (Managing Director) and Sanjib Nanda.
Its last annual general meeting (AGM) was held on 26 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Ground Floor Mira Corporate Suites Plot No 1 & 2 Ishwar Nagar Mathura Roa, D, New Delhi, Delhi, India – 110065.
As per the financials filed for FY 2023, the company reported a revenue of ₹199.99 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹54 Cr (net margin 27%) and EBITDA of ₹127.89 Cr (EBITDA margin 63.9%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 24% over five years.
The company had about 131 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Angul Energy. As per MCA filings, the company had satisfied charges of ₹7,618.3 Cr on record. Court records list 27 cases involving the company, including 16 filed by the company and 11 filed against it; 3 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in May 2019. Its 5 peer companies in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 2 larger and 3 smaller; the largest is Inland Power Limited with revenue of ₹219.19 Cr. The company has 10 MSME Form 1 returns on record between 2017 and 2023, listing 147 overdue payments to 22 micro and small suppliers.
The last known website on record is angulenergy.co.in.
Company details
Name history
Angul Energy has undergone 2 name changes throughout its history. The company was previously known as Bhushan Energy Limited, and Bhushan Energy Private Limited. The current legal name is Angul Energy Limited.
| Company Name | Status |
|---|---|
| Angul Energy Limited | Current |
| Bhushan Energy Limited | Previous |
| Bhushan Energy Private Limited | Previous |
CIN history
Angul Energy has one previous CIN (Corporate Identification Number): U40105DL2005PTC140748. The current CIN is U40105DL2005PLC140748, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40105DL2005PLC140748 | Current |
| U40105DL2005PTC140748 | Previous |
Contact details
Angul Energy Limited's registered office is in New Delhi, Delhi. Its website is angulenergy.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGround Floor Mira Corporate Suites Plot No 1 & 2 Ishwar Nagar Mathura Roa, D, New Delhi, Delhi, India – 110065
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Angul Energy Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Angul Energy operates one associated brand: Angul Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| angulenergy.co.in |
Business activity
The main business activity of Angul Energy is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Angul Energy Limited, buy the company report.
Financials of Angul Energy Limited
FY 2023 filings availableAngul Energy Limited reported revenue of ₹199.99 Cr (up 7% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 24%. EBITDA fell 5% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | ₹127.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹54 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 63.9% | ||||
| Net Profit Margin | 27% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Angul Energy Limited, buy the company report.
Board of directors and KMP of Angul Energy Limited
Angul Energy Limited currently reports 6 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Indrajit Roy | Cfo | 29 Dec 2023 | 2 Years 10 Months | As last reported |
| Sanjib Nanda | Director | 01 Jun 2019 | 7 Years 4 Months | As last reported |
| Ansuman Das Also directs: Neelachal Ispat Nigam Ltd | Director | 27 Sep 2019 | 7 Years 1 Months | As last reported |
| Rajesh Kumar Agrawal | Managing Director | 13 Jul 2021 | 5 Years 3 Months | As last reported |
| Sougata Ray Also directs: TRF Limited., Unnmukt Solutions Private Limited, Dark Gray Fashion Private Limited and 3 more | Director | 27 Sep 2019 | 7 Years 1 Months | As last reported |
| Subodh Pandey | Director | 01 Jun 2019 | 7 Years 4 Months | As last reported |
Peer comparison
Angul Energy Limited is compared with the 5 companies closest to it by revenue in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Inland Power Limited | ₹219.19 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Crescent Power Limited | ₹214.14 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Angul Energy Limitedthis company | ₹199.99 Cr (FY 2023) | ₹54 Cr | 27% | 7.0% | 131 | New Delhi, Delhi, India |
| Caparo Power Limited | ₹179.86 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Facor Power Limited | ₹144.55 Cr (FY 2022) | 16.0% | Bhadrak, Odisha, India | |||
| Meenakshi Energy Limited | ₹121.57 Cr (FY 2025) | 93415.0% | Ramachandrapuram, Telangana, India |
To see the full peer comparison of Angul Energy Limited, buy the company report.
Auditor
Angul Energy Limited is audited by Singhi & Co. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Singhi & Co. | FY 2021 | 302049E |
Shareholding
The shareholding of Angul Energy Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Angul Energy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 May 2016 | 100030524 | Idbi Bank Limited | ₹40.82 Cr | Satisfied | |
| 29 Oct 2015 | 10610950 | Others | ₹2,002.49 Cr | Satisfied | |
| 30 Jun 2015 | 10585147 | Axis Bank Limited | ₹75 Cr | Satisfied | |
| 29 Jun 2015 | 10586280 | Others | ₹83 Cr | Satisfied | |
| 08 May 2015 | 10575474 | Others | ₹90 Cr | Satisfied |
To see the full charge records of Angul Energy Limited, buy the company report.
Total charge records: 43 View all charges
Deals & funding
Angul Energy Limited has 1 deal on record (1 acquisition); the latest was in May 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2019 | Acquisition | ₹788.99 Cr | Buyer: Tata Steel BSL Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Angul Energy Limited has 27 court cases on record: 16 filed by Angul Energy, 11 filed against it. 3 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 7 | 2 |
| Supreme Court | 6 | 2 | 0 |
| District courts | 2 | 2 | 1 |
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1503-Appeal Against Orders Of Statutory Bodies : Tribunals) | Filed against the company by Chhattisgarh State Power Generation Co. Ltd. , , Other | Disposed |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by Isgec Heavy Engineering Limited | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against Bhushan Steel Limited Through Its Reslution Professional Vijay Kumar V. Iyer Deloitte Touche Tohmatsu India Through Its Reslution Professional Vijay Kumar V. Iyer Deloitte Touche Tohmatsu India LLP Building 10, Tower B, 7Th Floor, DLF Cyber City, Gurgaon ,New Delhi , Delhi and 2 others | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Bhushan Steel Limited and 2 others | Disposed |
| High Court, ORISSA | Writ petition | Filed by the company against State of Odisha and 3 others | Pending |
To see the full case history of Angul Energy Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Angul Energy Limited has 10 MSME Form 1 returns on record between 2017 and 2023, listing 147 overdue payments to 22 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Lucky Minerals Private Limited | |||
| Voltech Engineers Private Limited | |||
| Reliable Infratech | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Angul Energy Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Angul Energy Limited has a workforce of 131 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Angul Energy has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AACCB7445H1ZY | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Angul Energy Limited, buy the company report.
Recent activity
Angul Energy Limited has 22 board changes on record since 2007: 7 appointments and 15 cessations. The latest: Indrajit Roy was appointed as CFO on 29 Dec 2023.
115 earlier events are in the company report.
Frequently asked questions
Angul Energy has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Angul Energy was a public limited company based in New Delhi, Delhi, India. The company worked in thermal power generation and plants, within the energy and power industry. It was incorporated on 14 September 2005 and is registered under CIN U40105DL2005PLC140748. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Angul Energy was incorporated on 14 September 2005. It is registered with the Registrar of Companies, Delhi.
Angul Energy had 7 directors and KMP:
- Rajesh Kumar Agrawal - Managing Director
- Sanjib Nanda - Director
- Ansuman Das - Director
- Sougata Ray - Director
- Subodh Pandey - Director
- Meena Lall - Director
- Indrajit Roy - Cfo
The CIN (Corporate Identification Number) of Angul Energy is U40105DL2005PLC140748. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Angul Energy is at Ground Floor Mira Corporate Suites Plot No 1 & 2 Ishwar Nagar Mathura Roa, D, New Delhi, Delhi, India – 110065.
Angul Energy can be reached through the website angulenergy.co.in. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Angul Energy on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 26 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Angul Energy is 21AACCB7445H1ZY, registered in Odisha. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Angul Energy operated in the energy and power industry, in the thermal power generation and plants segment.
Angul Energy has 1 deal on record (1 acquisition); the latest was in May 2019.
The peers of Angul Energy by revenue are Inland Power Limited, Crescent Power Limited, Caparo Power Limited, Facor Power Limited, Meenakshi Energy Limited, all in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution).