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Dear Sir/Madam,
Pursuant to Regulation 24(vi) of the Securities and Exchange Board of India (Buy-Back of
Securities) Regulations, 2018, as amended, Engineers India Limited ("Company") has made a
post buyback public announcement dated February 15, 2021 ("Post Buyback Public
Announcement") for the Buyback of 6,98,69,047 (Si x Crore Ninety Eight Lakh Sixty Nine
Thousand Forty Seven) fully paid-up equity shares of the Company of face value of Rs . 5/- each at
a price of Rs. 84/- (Rupees Eighty Four Only) per equity share on a proportionate basis from the
equity shareholders of the Company, through the tender offer route.
The Post Buyback Public Announcement has been published on February 16, 2021 in the following
newspapers:
We are enclosing a copy of the Post Buyback Public Announcement for your information and
record.
Thanking you,
v;:t '1~
Narendr~ar
Compliance officer
Cid~
JAS·ANZ
J~ ~ ~ / Regd. Office- -.:n'R /Phone: +91-11-26762121 (EPABX)
EXIL~
BPS MS .'--t---'-
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ON: l74899DL196SGOI004352 ~ Cbfqi Website: WWIN.engineersindia.com
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NEW DELHI | TUESDAY, 16 FEBRUARY 2021 1
R
uias’-promoted Essar Power is bet- 8, sometimes ~4.50-5.30/6.50 a unit for the
ting on renewable energy to build Madhya Pradesh unit. The 132 Kv power
its generation portfolio. It has station is in Bhander, which is about 5 kms
firmed up a plan to set up a solar power from the power plant. “The transmission
plant in Madhya Pradesh for supplying to tower will swing on one side and we will
different industries on a third-party basis. be having access to the other. We will pull
It is also bidding for power purchase our conductors to transmit this power from
agreements (PPAs) being offered by the Bhander to Datia and from the Datia sub-
state government and central public sector station they will be taken at 220 Kv. By mid-
undertakings (PSUs). Alongside, it is get- March, the project will be in place. We will
ting into the business of desalination of then be in a position to submit documents
water plants that would be fed by renew- for financial closure, subsequent to which
able power sources. “WE EXPECT THE APPROVALS FOR the project takes off,” said Kush.
One of the first in its portfolio would Essar Power has an operating power
be a 87.5 Mw project at Datia in Madhya
DATIA PROJECT TO BE IN PLACE BY generation capacity of 3,185 Mw across
Pradesh. Essar Power owns the required FEBRUARY-MARCH. THE MP CHIEF five multi-fuel plants in three Indian states
land, spread across 104 hectares, Kush S, MINISTER HIMSELF HAD CALLED AN and one 85 Mw gas-based thermal power
chief executive officer (CEO), Essar Power, plant in Canada. The company operates
told Business Standard.
EMERGENCY MEETING ON THIS 2,400 Mw as an independent power pro-
Renewable engineering company PROJECT. SO, WE ARE CONFIDENT ducer (IPP) with plants in Madhya Pradesh
Gensol has done a detailed project report THAT WE WILL HAVE THE APPROVALS and Gujarat. The remaining captive power
for the plant for which engineering, pro- IN PLACE BY END-MARCH. WE NEED plants are in Gujarat.
curement, and construction (EPC) tender Essar operates a 1,200 Mw imported
documents have been completed. The ten- TO FINALISE THE PPAs WITH coal-based thermal power plant at Salaya
dering process for the project started this DIFFERENT OFF-TAKERS” in Gujarat for which it has a long-term PPA
month. The new and renewable energy with Gujarat Urja Vidyut Nigam.
department of the state has initiated the
KUSH S, CEO, Essar Power At Hazira, in Gujarat, the company
process for the state Cabinet’s approval for cussions with different industries in and operates a 300 Mw multi-fuel thermal
the project. In the application to the state, around Gwalior and Bhopal. Industries power plant capable of operating using
the company has requested approval for that want to make a mark as complete waste byproducts of steel plant like corex
foreign direct investment (FDI). green ventures, would be drawing green gas, corex fines and coke oven gas, among
“We expect the approvals to be in place power instead of coal and they would get others. The company operates another
by February-March. The chief minister carbon credits as well,” he added. 1,200 Mw thermal power plant at Mahan
himself had called an emergency meeting Essar power has targeted to decarbon- in Madhya Pradesh. This unit was estab-
on this project along with the local MP, ise its power portfolio to reduce carbon lished as a pithead power plant for a cap-
MLA and the energy ministry. So, we are emissions and mitigate effects of climate tive coal mine allocated to it by the gov-
confident that we will have the approvals change to meet the Paris Agreement’s tar- ernment. However, after cancellation of
in place by end-March. We need to finalise get of capping global temperature rise at allotment by the Supreme Court, the plant
the PPAs with different off-takers,” he said. 1.5°C. In line with this, Essar Power has was unable to bid for long-term PPAs and
The project would require an invest- planned to foray into the renewable sector was in financial distress. The plant is cur-
ment of ~300 crore. “It is being set up on a with major focus on battery storage, elec- rently undergoing a bankruptcy process
third party PPA-basis, where there are dis- tric vehicles, integrated water & power initiated by its lenders.