Surya Roshni Incorporates New SPV To Undertake Project In Odisha
Surya Roshni Limited incorporates Wholly-Owned Subsidiary Company as Special Purpose Vehicle (SPV) named Surya Roshni LED Lighting Projects Limited with Authorised Capital of Rs. 4 Crores.
The main Object of incorporating Surya Roshni LED Lighting Projects Limited is to comply the terms of LOA for the order awarded, to be executed through Special Purpose Vehicle (SPY) as a wholly-owned subsidiary of the Company from Government of Odisha, Housing & Urban Department.
Brief Objects of the Company as set out in MOA:
To manufacture or procure, install and implement public street lighting systems and infrastructure including installation of poles, pole junction box, outreach arms, cables, switching, protection systems, earthing, feeder panels, and to carry on the business of installation and automation of the feeder panels of the public street lighting systems for Greenfield Public Street Lighting Systems and other allied activities under the pilot project of Odisha Urban Infrastructure Development Fund (OUIDF) set up by Housing and Urban Development Department (HUDD), Government of Odisha and to buy, import, sale, treat, exchange, renovate, alter, modernize, install or otherwise deal many type of machinery, equipment, implement, material, article, and stores for implementing public street lighting systems