Ushdev International Limited, a part of the Ushdev Group, was formed on 14th May 1994, by Late Vijay Gupta. From being a commission agent, it has become a power generating & a trading company and is listed on the Bombay Stock Exchange since incorporation.
The core activities of this company are power generation and trading of steel. Steel trading being its parent business and doing well in that, the company was in an urge to get into an altogether new area, and thus started investing into power generation through windmills from 1997 onwards.
Ushdev International’s history can be traced back to 1988. The group began operations by trading in imported pig iron, steel scrap, non-ferrous metals etc, the group has moved from strength to strength. The company is listed on the Bombay Stock Exchange since incorporation.
The core activities of this company are power generation and trading of steel. The company commenced operations by trading in steel. Seeing the scope for growth and expansion in the wind power industry, the company diversified into wind power generation through windmills in 1997. The Company has an impressive track record showing consistent increases in sales. In FY 08-09 , Ushdev has achieved sales of Rs. 1425 crore for the financial year ended 2009 as compared to sales of Rs. 752.81 crore for the financial year ended 2008, i.e. almost 89.21% jump compared to the last financial year.
Different divisions of the company:
Steel- Ushdev had commenced its operations by trading in steel. Since then, it has been trading in each and every product of steel being :-Raw Materials- Metallurgical Coal/Coke & Sponge Iron.
Flat Products – H.R. Coils, H.R. Pickeled Coils, C.R.Sheets, Galvanised products, Annealed products, Pickeled products, Colour coated sheets & Corrugated SheetsLong Products – Angles, Beams & Channels in Flat products of steel such as H.R. Coils & H.R. Pickled Coils, C.R.Sheets & Corrugated Sheets
Power: Ushdev International uses the most recent and state of the art facility for generating wind power.
The first set-up was in 1997 with 11 machines. They are one of the highest Plant Load Factor (PLF) achievers in the country with a PLF of 36% compared to an industry average of 18%.
In March 2005, the company had installed and commissioned a new wind mill project in Chinnaputhur village, Dharampuram Taluk, Erode District, comprising of 2 Enercon make E-48 WEC’s of 800 KVA each totaling 1.60 MW at a cost of Rs.7.80 crores spread over 10 acres of land. Granted PLF by Enercon is 28% in March 2006, the company put up 2 machines of 800 KW each in Chitradurga district of Karnataka at a cost of 8 crores, and 3 machines of 800 KW each in Jaisalmer district in Rajasthan at a cost of 12 crores.
After which in March 2006, the company put up 2 machines of 800 KW each in Chitradurga district of Karnataka at a cost of 8 crores, and 3 machines of 800 KW each in Jaisalmer district in Rajasthan at a cost of 12 crores.The rotating part of the ring generator and the rotor of the WEC form a unit.
The latest additions are 2 machines of the same make in Jodhpar district in Gujarat, in March 2007 costing around 8 crores and 4 WEGs in Jamnagar District in Gujarat in July 2007 at a cost of 16 crores.
Ushdev International Limited Ushdev plans to increase the area of operations into more products of steel and eventually increase the foray of steel into the world marketIn Wind, Ushdev ensures being a Super power force in the Wind Energy Industry in the years to come.