Shri Shakti LPG Limited 

Shri Shakti LPG Ltd (SSLPG) is an integrated LPG Company with its own dedicated port facilities, bulk storage terminals, network of bottling plants and distribution outlets and manufacture of LPG conversion kits for 2-wheelers, 3-wheelers & Gensets.

SSLPG’s brand Shakti Gas soon established itself as the private sector market leader despite stiff competition both from Government Oil Companies and various MNCs.  However SSLPG incurred huge losses thereafter as the entire private sector LPG industry ran into rough weather.  It is due to the fact that the Government did not honor its commitments for phased withdrawal of subsidy on LPG over a period of three years and in the meantime reserving the commercial market to the private sector.

However SSLPG is staging a turnaround having settled all its loan liabilities which at one time stood at Rs 115 crores through One Time Settlements. SSLPG which has thus become a virtually debt free company also substantially brought down its accumulated losses.

As the future prospects in LPG continue to be not so encouraging, it is proposed to diversify into Power and Infrastructure sectors which have tremendous potential.  Accordingly in the last Board Meeting of the Company on 29th May, 2010, it is decided to amend the Objects clause in the Memorandum & Articles of Association of the Company and also to change the name of the Company in tune with the change in main Objects of the Company and seek the consent of the Esteemed Shareholders for the same.

 The Government of India has recently announced Jawaharlal Nehru National Solar Mission (JNNSM) for promoting solar power projects in various parts of the country. The above opens very good opportunity for diversification into solar power generation wherein the raw material is the solar radiation and there is one single customer viz., the Government who would be buying the entire production at a price which permits a healthy ROI and assured profitability. However there are two critical requirements viz., accessing the technical expertise and acquiring land with highest amount of solar radiation along with water availability. SSLPG has ready access to the technical know-how and also made arrangements for the land in Rajasthan where solar radiation is highest in the country.

Thus SSLPG is fully geared to implement quickly the above diversification plans while continuing its presence in LPG.  SSLPG which has already become a debt free company is now relentlessly pursuing its objective of being a profitable company at the earliest.