Categories: Agency News

Trom Industries Limited gets in principle approval for listing on NSE Emerge

Mumbai (Maharashtra, India) July 15, 2024:

 

Trom Industries Limited is a Solar EPC (Engineering, Procurement, and Construction) company specializing in residential solar rooftop, industrial solar power plants, ground-mounted solar power plants, and solar street lights. Trom is engaged in the comprehensive development of diverse solar projects. For residential rooftop installations, Trom designs and implements solar systems tailored to individual homes. In the industrial sector, the Company scales up its operations to design and construct larger solar power plants catering to industrial needs. Ground-mounted solar power plants involve the development of solar arrays on open land. Additionally, the Company extends its services to include the Supply and Installation of solar street lights for public and commercial areas.

 

TIL’s business encompasses engineering design, procurement of materials, on-site construction, project management, and adherence to regulatory standards across various sectors. The solar applications of the company contributes to the growth of sustainable energy solutions across residential, industrial, public domains and government sector. Also, its  business operations encompass the extensive trading and distribution of a diverse range of products, including solar panels, inverters, and an array of materials intricately connected to the establishment and functioning of solar power plants. Furthermore, the company was also engaged in the trading of all types of footwear to a very small scale during the stub period. TIL is actively engaged in the development of green hydrogen projects as a pivotal aspect of its future business endeavors. The company’s warehouse is located at Gandhinagar( Gujarat), India.

 

Trom Industries Limited IPO objectives:

 

The company plans to allocate the net proceeds from the issue to the following purposes:

  1. Funding of capital expenditure requirements towards set up of Solar Power Plant
  2. To meet working capital requirements
  3. General Corporate purpose

The Book Running Lead Manager to the issue is Expert Global Consultants Private Limited and the Registrar to the issue is KFin Technologies Limited.

Published by

Recent Posts

2024 Election Showdown: Trump and Harris

Image Name: Trump and Harris Image Credit: Barron's As the U.S. presidential election heats up…

2 weeks ago

Wodak and Kent Dominate at Toronto Waterfront Marathon

Image Name: Wodak and Kent Dominate at Toronto Waterfront Marathon Image Credit: City News Toronto…

2 weeks ago

China Expels Japanese Ship from Contested Waters

Image Name: Contested Waters Image Credit: The Hindu Tensions between China and Japan became much…

2 weeks ago

Navigating Trudeau’s Leadership and Carbon Tax Controversies

Image Name: Trudeau Leadership Image Credit: Bloomberg The Liberal Party of Canada has reached a…

2 weeks ago

Comedian and TV Host Mike Bullard Dies at 67 in Canada

Image Name: Mike Bullard Image Credit: CTV News Toronto Canada lost one of its most…

2 weeks ago

Rugby Australia Hits Back at Melbourne Rebels in $30M Legal Fight

Image Name: Rugby Australia Image Credit: The Guardian Rugby Australia returns to Melbourne Rebels court…

2 weeks ago