Karma Energy Limited was incorporated on March 15, 2007 as a private limited company with the name Karma Wind Power Pvt Ltd. On March 12, 2010, the company was converted into a public limited company and the name was changed to Karma Wind Power Limited. Post the amalgamation, the name of the Company was further changed from Karma Wind Power Ltd to Karma Energy Ltd effective on December 29, 2010.
The Company is a part of the Weizmann Group with business interests in Textile Processing and Exports and FinTech. As part of its commitment to sustainable business growth, the Group ventured into the Renewable Energy sector by developing wind farms and small hydro power projects. The Group undertook the manufacture of Wind Electric Generators through a joint venture collaboration.
Presently, the Company is engaged in generation of power from renewable energy sources like Wind. It has wind farms in Andhra Pradesh, Tamil Nadu and Maharashtra.
In October 2010, through the Scheme of Arrangement, the Power Undertaking of Weizmann Ltd was demerged and transferred to the Company effective from April 01, 2010. Pursuant to the Scheme, Almi Hydro-Electric Projects Ltd, Baledh Energy Projects Ltd, Batot Hydro Power Ltd, Brahmanvel Energy Ltd, Greenweiz Projects Ltd, Joiner Hydro Power Projects Ltd, Khandesh Energy Projects Ltd and Vajharpada Energy Ltd became the subsidiaries of the Company.
The Company's Equity Shares got listed on Bombay Stock Exchange Ltd (BSE) and National St ...ock Exchange Ltd (NSE) effective from June 28, 2011.
A 3.5 MW Small Hydro Project at Chamba, Himachal Pradesh of the subsidiary Company Batot Hydro Power Ltd was commissioned on June 16, 2012.
In 2021-22, one of the subsidiary company, Greenweiz Projects Limited merged with the Company through the Scheme of Amalgamation and the merger became effective from 01.04.2019. Batot Hydro Power Ltd ceased to be subsidiary of the Company during the year 2021-22.
FAQs on Karma Energy Ltd
1. Can I buy Karma Energy Ltd from PL Capital? ›
Yes, you can invest in Karma Energy Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Karma Energy Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Karma Energy Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Karma Energy Ltd pay dividends? ›
Karma Energy Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Karma Energy Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Karma Energy Ltd. is ₹ 39.57 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Karma Energy Ltd ? ›
The 52-week high and low of Karma Energy Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
