Sai Urja Indo Ventures Limited, formerly Sai Urja Indo Ventures Private Limited, was incorporated in Maharashtra on May 17, 2012. It became a public limited company following its conversion, with a fresh Certificate of Incorporation issued on February 6, 2025.
The Company provides operation and maintenance (O&M) and support services for industrial plants, primarily in the power generation sector, as well as in the iron and steel and agrochemical industries. Its services cover electrical, mechanical, control and instrumentation systems; coal handling and merry-go-round operations; wagon handling; locomotive and heavy motor vehicle O&M; equipment overhauls; industrial housekeeping; plant cleanliness and safety; and manpower supply. It also undertakes Coal Handling Plant maintenance, including wagon tippler and conveyor belt maintenance.
Sai Urja commenced operations in 2012 after receiving its first electrical licence in Maharashtra. It subsequently expanded to Rajasthan, Uttar Pradesh, Bihar, Jharkhand, Madhya Pradesh, Karnataka, Telangana and Chhattisgarh. In 2014, it secured electrical, control and instrumentation, and housekeeping contracts from Adani Power at its Tiroda and Kawai plants. The Company later diversified into steel and fertilizer plants and secured an annual housekeeping contract for non-plant buildings, roads and drains at the Baurani site in Bihar in FY22.
The Company is proposing an IPO of 33,78,000 equity shares with a face value of ₹10 each. The issue comprises a fresh issue of 30,66,000 shares and an offer for sale of 3,12,000 shares.
