Luminous Powers taken over Pune Based UD Energy Systems (P) Ltd by 9aXbLp

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									  Luminous Power Acquires Pune based UD Energy Systems.
       Luminous Power Technologies looking ahead to expand their operations
                           in Wind and Solar Energy
In a significant development Luminous Power Technologies, a US $130 million enterprise,
delivering high quality Inverters, UPS, Batteries & Renewable Energy Products has
acquired UD Energy Systems (P) Ltd, a Pune based company engaged in design,
manufacture, supply, installation and servicing of all types of Wind-Solar, only Wind and
only Solar photovoltaic power plants. Luminous Power Technologies is an Indian power &
energy storage company with a global presence.

Luminous Power Technologies bought a majority stake of 87.5% in UD Energy Systems (P)
Ltd.

The acquisition represents a strategic opportunity for Luminous Power to strengthen its
grip in remote areas where electricity is a challenge and only wind and solar power is the
solution. UD Energy Systems have a strong technology base for delivering remote power
solutions. The company also carries out wind speed and solar irradiation survey through
its unique remote monitoring systems for efficient micro siting (i.e locating the exact site for
installation) for wind power and solar power plants.

Mr. Sunil Bhalla, Director, Luminous Power Technologies, said,” We feel that acquisition
of UD Energy Systems adds more value to our business and it would help us to expand our
operation in remote areas. Laying a Power distribution grid at remote areas like hills,
forests, small islands or off grid locations is expensive and sometimes impossible. In these
locations, Luminous would provide "Wind solar hybrid installations" or "Wind -solar -
battery - diesel hybrid installations with auto operation" which will be the only cost
effective solutions.”

“This synergy would help us expanding in different sectors of power industry nationally as
well as globally and will significantly enhance our combined presence in the worldwide
market and provide new opportunities for all of our business activities” further added by
Mr. Bhalla

Presently Luminous operates state-of-the-art manufacturing facilities at three different
locations in the state of Himachal Pradesh in North India. Company manufactures
inverters, UPS, Batteries and renewable energy product and it exports around 32 countries.
Last year it inaugurated a manufacturing facility in China to export power products to
overseas markets such as Asia, Africa and Middle East. Company’s national marketing
network comprises more than 500 distributors and 10,000 dealers covering over 26 states
across the country. Where UD Energy Systems is engaged in manufacturing, supplying,
installation and servicing all types of power equipments. UD Energy Systems (P) Ltd. is
registered with MNRE (Govt. of India) for the system offered. This company is also the sole
proprietor of the remote monitoring system offered here.
About Luminous Power Technologies:-
Luminous Power Technologies is a leading Power & energy Storage Company with a global presence,
delivering high quality Inverters, UPS, batteries and renewable Energy Products. Luminous Power
Technologies also has other business interests in Consumer Appliances, Information technology and
Networking Solutions. Founded in 1988, Luminous markets its products over 32 countries worldwide. Its
Global technology centers located in India, United States & China deliver cutting edge technology that goes
into every Luminous product. Luminous follows its proprietary UGC (Universal Grid Compatibility) process
to ensure consistency & very high standard of reliability of its products anywhere in the world. Luminous
Electronics, A SAR Group Company has recently entered in-to a joint venture with Hyundai for
manufacturing & marketing of Hyundai inverters, Batteries and UPS systems and more products would be
added in the near future.

For media information kindly contact:
Richa Narang @ 9999881085/ Vivek Sood@ 9818276782
Mail : fourthestateindia@gmail.com

								
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