Trom Industries Limited's Path to NSE Emerge: Solar Power and Green Hydrogen Focus
Key Ideas
- Trom Industries Limited, a Solar EPC company, received in-principle approval for listing on NSE Emerge, focusing on residential, industrial, and public solar projects.
- The company is actively involved in green hydrogen projects as part of its future initiatives, contributing to sustainable energy solutions.
- TIL's IPO objectives include funding for solar power plant setup, meeting working capital requirements, and general corporate purposes.
- With a warehouse in Gandhinagar, Gujarat, Trom Industries showcases a commitment to driving green energy solutions in India.
Trom Industries Limited, based in Mumbai, India, specializes in Solar EPC services, including residential rooftop installations, industrial solar power plants, ground-mounted solar power plants, and solar street lights. The company handles engineering design, procurement, construction, and project management, ensuring compliance with regulatory standards. Additionally, Trom also engages in trading and distribution of solar-related products and was involved in footwear trading on a small scale. The company's focus on green hydrogen projects aligns with its commitment to sustainable energy solutions. With plans to list on NSE Emerge, Trom aims to allocate proceeds towards capital expenditure, working capital, and general corporate purposes. The company's presence in Gandhinagar emphasizes its dedication to promoting green energy in India, contributing to the country's renewable energy landscape.