Swelect Energy Systems Limited
Swelect Energy Systems Ltd, incorporated in 1994, is engaged in the business of manufacturing and trading of Solar power projects, off-grid solar photovoltaic modules, based on crystalline silicon technology (c-Si), solar and wind power generation, contract manufacturing services, installation and maintenance services, sale of Solar Photovoltaic inverters and energy efficient lighting systems.
What Swelect files
- Others67
- Important30
- Board Meeting21
- Updates7
- JV/Acquisition4
- Dividend/Bonus4
SWELECT sold a 26% stake in its wholly-owned subsidiary ESG Solar Energy to Garg Acrylics for 0.31 Cr. This makes ESG Solar a subsidiary. ESG Solar, with a negative net worth of 0.0783 Cr and no current operations, gains a proposed captive consumer.
SWELECT Energy Systems' subsidiary, ESG Green Energy, commissioned a 10 MW solar power plant in Tamil Nadu. The plant will supply energy to group consumers under a Group Captive Power Sale model.
SWELECT Energy Systems' wholly-owned Singapore subsidiary has approved a strategic investment of up to US$ 500,000 in Comstock BESS LLC. This move aims for entry into the US grid-storage market.
The Board approved seeking shareholder approval at the upcoming AGM for various Material Related Party Transactions involving its subsidiary and other entities. An addendum to the AGM notice was also approved.
SWELECT Energy Systems has commissioned a 4.40 MW solar power plant in Tamil Nadu. The plant will supply energy under a 3rd Party Power Sale model, generating revenue through intra-state open access.