About
Basic Data Updated:
29 days agoPioneer Power Limited, previously known as Penna Electricity Limited, has been actively involved in the production of gas-based electricity for over two decades. The company's power plant, situated in Ramnad, Tamil Nadu, has an impressive installed capacity of 52.8 MW. In October 2005, PPL successfully commissioned an open cycle gas turbine power plant, followed by a combined cycle gas turbine in April 2006. The company holds a Power Purchase Agreement (PPA) with the Tamil Nadu Electricity Board (TNEB) for a period of 15 years, starting from the Commercial Operations Date (COD) until 2021. This agreement allows PPL to supply electricity to the state of Tamil Nadu, fulfilling the growing demand for power. Pioneer Power Limited was established with the sole purpose of generating, harnessing, developing, distributing, and supplying electricity. The company achieves this by setting up power plants that utilize liquid, gaseous, or solid fuels to produce electricity for various purposes such as lighting, heating, and motive power. Since its inception in 1998, PPL has been committed to providing reliable and sustainable energy solutions to its customers.
Industry
Company Details
- Location
Hyderabad, Telangana, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
CIN/LLPIN/FCRN | U40100TG1998PLC030368 |
Company No. | 030368 |
Company Classification | Public Limited Indian Non-Government Company |
Incorporation Date | 22 Oct 1998 |
Date of AGM | 30 Sep 2023 |
Date of Balance Sheet | 31 Mar 2023 |
Listing Status | Unlisted |
ROC Code | Roc Hyderabad |
Financials of Pioneer Power Limited
Pioneer Power Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 72.12% decrease. The company also saw a substantial fall in profitability, with a 261.61% decrease in profit. The company's net worth observed a substantial decline by a decrease of 46.77%.
Corporate Structure
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People in Pioneer Power Limited
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Executive Team (2)
HA
Haider Ali Company SecretaryAppointment Date: 01-Jun-2017
Status: Current
YG
Yugandhar Gajjala CFOAppointment Date: 16-Mar-2015
Status: Current
Board Members(6)
Charges (Loans)
Lender | Amount | Status |
---|---|---|
Others Creation Date: 09 Sep 2023 | ₹50.00 Cr | Open |
Wartsha India Ltd. Creation Date: 21 Dec 2001 | ₹1.91 Cr | Open |
Idbi Trusteeship Services Limited Creation Date: 23 Mar 2018 | ₹400.00 Cr | Satisfied |
Deals i
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Rating
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Alert
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Related Corporates (Common Directorship)
Trishul Cement Industries India Limited
Active 13 years 4 monthsVenugopal Puttamreddy is a mutual person
Recent activity within the organization
Annual General Meeting
Pioneer Power Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
30 Sep 2023Charges
A charge with Others amounted to Rs. 50.00 cr with Charge ID 100785820 was registered on 09 Sep 2023.
09 Sep 2023Balance Sheet
Pioneer Power Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.
31 Mar 2023Charges
A charge registered on 23 Mar 2018 via Charge ID 100171038 with Idbi Trusteeship Services Limited was fully satisfied on 04 Aug 2022.
04 Aug 2022Director Appointment
Mohan Rao Duggisetty was appointed as a Director was appointed as a Director on 30 Nov 2020 & has been associated with this company since 3 years 5 months .
30 Nov 2020
Frequently asked questions
What is the Incorporation or founding date of Pioneer Power Limited?