ReGen Powertech to come up with an IPO

ReGen Powertech Limited, a Chennai-based wind turbine manufacturer, is coming up with an IPO of Equity Shares to raise between Rs.400 crore and Rs.500 crore from the market

ReGen Powertech Limited, is committed to providing an alternative source of energy that is sustainable. ReGen Powertech offers total "Turnkey Solutions" for wind power projects that includes consultancy, manufacturing, supply, erection, commissioning, operations and maintenance services of wind turbines.

ReGen manufactures technologically advanced wind turbines at its well planned, state-of-the-art production facility near Tada in Andhra Pradesh, India. The plant houses a sophisticated assembly line and a completely integrated in-house R&D Center. The company currently manufactures about 200 gearless wind turbine generators of 1.5 MW capacity per annum which it proposes to increase to 500 wind turbine generators by 2010.

ReGen has a technical licensing agreement with Vensys Energy AG, Germany, a global player in wind turbine design and development. Vensys has installations in key wind energy markets such as Germany, China, Canada, and Czech Republic and currently in the Spanish and Indian markets.