Support and Resistance Levels
Past performance
About Avana Electrosystems Ltd Avana Electrosystems Limited, established in 2010 and based in Bengaluru, Karnataka, specializes in manufacturing customized control and relay panels for power system monitoring, control, and protection. It caters to a range of applications including transmission lines, power transformers, capacitor banks, and substations, providing solutions for indoor and outdoor usage. The company also produces protection relays and substation automation systems designed to detect faults and protect electrical equipment. Its offerings are widely utilized across solar and wind power plants, power generation stations, electricity distribution substations, and power utility companies.
Initially focused on power system protection solutions, Avana Electrosystems supplies products to both state-owned and private electricity distribution companies. The company operates two production facilities in Bengaluru, spanning a combined area of 12,500 sq. ft., with an annual production capacity of 70,000 protection relays and 600 control and relay panels.
The company has recently filed a Draft Prospectus with SEBI, planning to issue 60,90,000 equity shares at a face value of Rs 10 each. This includes a fresh issue of 50,90,000 shares and an offer for sale of 10,00,000 shares. This upcoming public offering signals Avana's ambition to expand its market presence and possibly scale its operations further.
Avana’s focus on power transmission and distribution solutions, combined with its growing production capabilities, positions it as a key player in supporting critical infrastructure in the renewable and conventional power sectors.