New Delhi: In the context of a fast-approaching energy crisis at the global level, ‘energy management’ as a business proposition has been gaining a foothold in the major power consuming sectors in the country.
It is to tap the potential of this emergent sector that Acme Tele Power Limited (ATPL), a Gurgaon-based provider of installation and maintenance services since 2003 decided to diversify its business in 2007 to include innovative energy management services to telecommunication operators.
With five patented products already in its kitty and a steep revenue graph of Rs900 crore in 2007, up from Rs30 lakh in 2003, Acme will make its debut in the capital market by end January to raise an estimated Rs1,390 crore.
The initial public offering of 17,283,580 equity shares of Rs2 each will be through the book building route. The company has filed its DRHP with Sebi.
“This would help us get known to the wider market. We expect to raise about $350 million that would be utilized primarily in research and development”, said Manoj Kumar Upadhyay, founder and managing director of Acme who is also winner of the prestigious Ernst & Young Entrepreneur of the Year Award, 2007, in the ‘start-up’ category.
Updating media persons at their R&D facility in Manesar, Upadhyay informed that the ISO 9001:2000 compliant company, offered products that can save up to 30-40% of the energy utilized to establish and maintain telecom towers. He said, “This could lead to potential improvement in production margins for the companies and a consequent reduction in call rates for consumers.”
With two manufacturing facilities in India located at Pantnagar in Uttaranchal state and Parwanoo in Himachal Pradesh it manufactures a range of products and services including Green Shelters which are customized fibre glass reinforced plastic enclosures that house the cell site equipment (transmitters and receivers, power interface unit, thermal management system and air conditioners); Power interface unit (PIU) maximizes utilization of grid power and integrates all electrical needs on-site into a footprint of 400x600 millimetres.
They also have a thermal management system controlling the temperature inside housing or a shelter, comprising of panels fitted with PCM. It provides a back up during power failures and reduces the need to run diesel generators.
The air conditioning which has a ‘Free Cooling Unit’ is a telecommunications conditioning solution that maintains the temperature without running the AC, when the ambient temperature drops below 25 degrees centigrade, thereby lowering the overall running costs associated with using the AC.
Within five years the company today employs over 2,500 people servicing clients in India, Bangladesh, middle-east and U.S. Clients include Bharti, Vodafone, Idea, Tata Indicom and Reliance to name a few.
Making an attempt to branch out into telecom, they have only recently started working with BPCL.
With a view to expand its business beyond India, Acme acquired a Norway-based company, Reime which develops and maintains wireless and wireline telecommunication infrastructure across eight countries in Africa. Acme intends to leverage Reime’s relationships with telecommunication operators in Africa to market its products and solutions.