Elango Industries Limited, established in 1989, initially engaged in steel ingot manufacturing but transitioned to the power generation sector in 2005. The company, promoted by Mr. S. Elangova, shifted focus from steel to power by setting up a 7 MW gas-based power plant and later a 63 MW coal-based captive power plant. Currently, Elango Industries operates mainly in power generation and distribution, providing operation and maintenance services, and marketing power for clients' plants. The company also focuses on EPC contracts for power plants.
The company saw a financial improvement in the fiscal years 2020-21 and 2021-22. Elango Industries promotes Kaveri Gas Power Limited (KGPL), which operates a 14 MW natural gas-based captive power plant in Tamil Nadu. This strategic transition to power generation suggests a focus on sustainable growth and revenue diversification in the energy sector.
