Pudumjee Agro

EPW Research Foundation MICRO ENERGY (INDIA) plans to manufacture switch mode power supplies (SMPS) and high density SNIPS (HDSMPS) in technical-cum-financial collaboration with Micro Energy Inc and Power Sensors Inc of the US. Micro Energy and Power Sensors have both agreed to buy back $ 5 million and $ 0.3 million worth of products respectively in the first few years. Originally set up by A Umamaheswaran and S Venkataramani in 1986 for manufacturing power supplies, the company was taken over by M Jayaram and associates for a consideration of Rs 16 lakh as it could not implement the project due to ill health of the original promoters. SMPS are used as a source of DC power in almost all electronic products due to their efficiency and lower heat dissipation. In addition to catering to the telecommunication sector, the company also plans to supply its products to the computer industry as Power Sensors has established its name internationally in notebook computers field and has clientele like Hewlett Packard and Tektroniks. To part finance its project the company is entering the capital market on August 9 with a public issue of equity shares at par. The issue will be lead managed by Bank of Baroda and Times Guaranty.