Incorporated on 3 Sep.'85, SRM Energy Ltd. (Formerly known as Hitkari Fibres Ltd) was promoted by K K Hitkari and Ved Kapoor, of the Hitkari group and B M Chaturvedi. The Company is presently engaged in setting up Thermal power project in its wholly owned
subsidiary.
The company undertook a project to set up a plant at Mahad (Raigad district), Maharashtra, with an installed capacity of 1500 tpa for the manufacture of speciality non-woven fabrics such as blankets, carpets, upholstery, floor coverings, automative carpets, etc.
The preparatory plant for non-woven fabrics was imported from Hergeth Hollingsworth, West Germany. Pre-needle loom, needle looms and structured needle looms were acquired from Oskar Dilo, West Germany. Commercial production commenced in December 1988.
In 1989-90, a MOU was signed, with a reputed textile manufacturing company having a large distributor dealer network, to market the company's products. The Automotive carpets are being supplied to leading automobile manufacturers such as Maruti Udyog Ltd,General Motors (India) Ltd,Premium Automobiles, TELCO,for use in their vehicles.
It has set up molding carpet facility at its factory in Mahad. It has already received confirmed orders for molded car carpets from Maruti Udyog and General Motors India. It has also entered into a MoU with a leading European manufacturer and supplier of moulded carpets to automobile industry.
The Company installed a dyeing plant, Spectrophotometer and Lab dy ...eing for inhouse development of shades during 2005.
During period 2008-09, SRM Energy Pvt. Ltd. (SRM) got amalgamated with the Company effective from 1st April, 2007. In terms of the Merger Scheme, Company allotted 6,000,000 Equity Shares of Rs 10/- each, credited as fully paid up to the shareholders of SRM Energy Pvt. Ltd. on January 12,2009 in the ratio of 2 Equity Shares of Rs. 10/- each, credited fully paid up in the Company for every 1 Equity Shares of Rs. 10/-each held in SRM. Accordingly, the Company was renamed 'SRM Energy Limited' on account of merger.
During FY 2012-13, the 'Cuddalore Power Division' was hived off to SRM Energy Tamilnadu Private Limited (SETPL), a wholly owned subsidiary of the Company, through the Scheme of Arrangement made effective from April 01, 2012. As per the said Scheme, the net consideration was satisfied by SETPL to the Company by allotment of 13,10,000 equity shares of 10 each, credited as fully paid up to the Company and payment of the balance amount of 27,151/- on October 18, 2013.
FAQs on SRM Energy Ltd
1. Can I buy SRM Energy Ltd from PL Capital? ›
Yes, you can invest in SRM Energy Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track SRM 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 SRM Energy Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does SRM Energy Ltd pay dividends? ›
SRM 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 SRM Energy Ltd ? ›
As of
06-Feb-2026 , 16:01:39 the share price for SRM Energy Ltd. is ₹ 16.42 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of SRM Energy Ltd ? ›
The 52-week high and low of SRM Energy Ltd share price is ₹ 5.61 - ₹ 30.07 as of
06-Feb-2026 , 16:01:39 .
