**Prabha Energy Limited** is an Indian energy company established on August 5, 2009, initially as Prabha Energy Private Limited. The company specializes in generating electrical power through a diverse range of methods, covering conventional and non-conventional sources such as biomass, natural gas, nuclear, waste, thermal, solar, wind, tidal waves, and geothermal technologies. It also engages in upstream activities, including oil and gas exploration and development, focusing on Coal Bed Methane (CBM), shale gas, and hydrocarbons in both onshore and offshore sectors.
A significant milestone in the company's evolution occurred with the merger of Deep Energy Resources Limited (DERL) and Savla Oil and Gas Private Limited (SOGPL). This merger was formalized under a Composite Scheme of Arrangement approved by the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench. The scheme was approved on August 30, 2024, and became effective retrospectively from April 1, 2022. The merger has consolidated the operational capacities of all three entities under Prabha Energy Limited, allowing it to expand its footprint in India's energy sector.
Pursuant to the merger, the company issued 136,905,531 equity shares of ₹1 each to the respective shareholders of DERL and SOGPL on November 23, 2024, and September 25, 2024, respectively, signifying enhanced shareholder integration and unified growth potential. This restructuring positions Prabha Energy Limited as a diversified energy player with capabilities across power generation and hydrocarbon resource exploration and development.
With a focus on both renewable and conventional energy strategies, and its recent consolidation within the industry, Prabha Energy Limited is poised for robust growth in India's energy market. Potential traders may see opportunities in its diversified portfolio and expanded operational scale post-merger.
