Ujaas Energy has received an approval for incorporating / establishing wholly / partially owned foreign subsidiaries at different countries outside India. The board of directors at its meeting held on March 10, 2014, has approved for the same.
Ujaas Energy is engaged in manufacturing of power transformers, distribution transformers, furnace transformers and special purpose transformers. The company proposes to use the net proceeds of the issue to part-finance its project of setting up a new grid connected 4 MWp solar photovoltaic power plant at Gagorni in Rajgarh district of Madhya Pradesh.
