Deepak Cables set to raise Rs 200 cr from PE investors

Deepak Cables (Papa Rao Karuturi Chairman), the Bangalore-based Rs 750 crore EPC (engineering, procurement, construction) player in the power sector, is set to raise Rs 200 crore through the private equity route.

UTI Ventures is leading the round with an investment of close to Rs 80 crore in this 25-year old firm, which makes cables for transmission & distribution of power.

The other investors are expected to be finalised in a month's time. UTI Ventures MD Raja Kumar confirmed this investment, but however declined to give out further details. O3 Capital, a boutique investment firm, is advising Deepak Cables on this transaction.

The power ancillaries' sector has been attracting a lot of private equity interest over the past 18 months given the increasing thrust which is being put from the Indian government to ramp up the power generation capacity.

Independent research data indicate that during the past 6 quarters close to $2.14 billion of PE money has been invested in the Indian power sector.

"Going forward, an on average of the annual $20 billion PE investments anticipated into Indian companies, 20 per cent is expected to be routed in to the power sector and this is expected to be sustained over the next three years," a PE analyst detailed.

The advantage Deepak Cables brings to the table is that the company has a cable manufacturing unit which rides in with EPC contract thus enabling the company to control cost.

According to industry information, the company is turning in a net of close to Rs 80 crore and is expected to scale up significantly as it aims at a topline of Rs 1400 crore during FY09.

According to information available, Deepak Cables generates 70 per cent of its sales through EPC contracts while the rest from selling cables to third parties.

"Deepak Cables has been extremely active in the South Indian region having aligned itself closely to power generation and distribution firms. The company is now actively scaling up its operations to tap in to Punjab, Madhya Pradesh, Bihar," a source detailed adding that Middle East is also an region which this company is eyeing.

Comments

Kamma Cine Heroes

1) N.T.Rama Rao 2) Akkineni Nageswara Rao 3) Gattamaneni Krishna 4) Sobhan Babu (Uppu Sobhana Chalapathi Rao) 5) Gummadi Venkatwsara Rao 6) Maganti Murali Mohan 7) Manchu Mohan Babu 8) Kongara Jaggayya 9) Giri babu (Yerra Seshagiri Rao) 10) Sridhar Surapaneni 11) Madala Ranga rao 12) Nandamuri Bala Krishna 13) SaiChand Tripuraneni 14) Akkineni Nagarjuna 15) Daggubati Venkatesh 16) Gadde Rajendra Prasad 17) Raja Sekhar (Kasukurthi) 18) Daggubati Raja 19) Bhagya Raj 20) Nandamuri Hari Krishna 21) Veeramachineni Jagapathi Babu 22) Meka Srikanth 23) Vadde Naveen 24) Tottempudi Venu 25) Gattamaneni Mahesh Babu 26) Junior. N.T.R 27) Sivaji Sontineni 28) Nandamuri Taraka Ratna 29) Nandamuri Kalyanaram 30) Yarlagadda Sumanth 31) Tottempudi Gopi Chand 32) Manchu Vishnu Vardhan 33) Manchu Manoj 34) Edara Naresh 35) Edara Aryan Rajesh 36) Ram Pothineni 37) Myneni Sarvanand 38) Daggubati Rana 39) Akkineni Naga Chaitanya 40) Nani (Ghanta Naveen Kum...

List of 30 Kamma Billionaires and rankings

The IIFL Wealth Hurun India Rich List 2021 shows that India has more than 1,000 individuals who have a net worth of ₹ 1,000 crore or more across 119 cities. The cumulative wealth in the country has gone up by 51 per cent, while the average wealth has also increased by 25 per cent, the report by Hurun India said. 30 Kamma business and industrialists finds place in the list from AP, Tamilnadu, Karnataka and Maharashtra. 14. Murali Divi Rs76,000 crores Divis Laboratories 179. Venkateswarlu Jasti 9,600 crores Suven Pharma 190. Veeraiah Chowdary Nannapaneni 9,100 crores NATCO Laboratories 209. Chava Satyanarayana 8,400 crores Laurus Labs 264. Satya Nadella 6,200 crores Microsoft 368. Mandava PrabhakaraRao 4,300 crores Nuziveedu seeds 377. Ella KrishnaMurthy 4,100 crores Bharat Biotech 384. Doppalapudi Bhaktavatsala Rao 4000 crores Privi Speciality Chemicals 398. Galla Ramachandra Naidu 3,900 crores Amara Raja Batteries 398. Chinta VisveswaraRao 3,900 crores...

Kamma Movie Directors

List of Kamma Movie Ditrectors 1) Gudavalli Ramabrahmam 2) Akkineni Lakshmi Vara Prasad (LV Prasad) 3) Kovelamudi Bapayya 4) Veeramachineni Madhusudhana Rao 5) Kovelamudi S.Prakasa Rao 6) Kolli Pratyagatma 7) G.Sambasiva Rao 8) Tammareddy Krishnamurthy 9) Mannava Balayya 10) Tatineni Prakasa Rao 11) Tatineni Rama Rao 12) Tatineni Prasad 13) Kovelamudi Raghavendra Rao 14) Gutta Ramineedu 15) Kolli Hemambaradhara Rao 16) Uppalapati Visveswara Rao 17) Tripuraneni Maharadhi 18) Tripuraneni Gopichand 19) Tottempudi Krishna 20) Madala Ranga Rao 21) Siva Nageswara Rao 22) Uppalapati Narayana Rao 23) P.Sarat 24) A.Mohan Gandhi 25) Bezawada Gopal 26) T.Kranthi Kumar 27) Maganti Vijaya Bapineedu 28) Tammareddy Bharadwaj 29) Akkineni Kutumba Rao 30) K.Vasu 31) Edara VV Satyanarayana 32) Muppalaneni Siva 33) Yalamanchili VS Chowdary 34) Theja Jasti 35) Sreenu Vytla 36) Koduri Srisaila Sri Rajamouli 37) Vemulapalli Srikanth 38) AS Ravikumar Chowdary 39)...

Kamma IPS officers

Kamma IPS officers (Past and Present) 1. Pendurthi S.Ramamohana Rao 2. Kommareddi Ramamohana Rao 3. K.V.Appa Rao 4. P.D.Koteswara Rao 5. Chirumamilla Venkata Narasaiah 6. Prattipati Gowtham Kumar 7. Mandava Lakshmi Narayana 8. K.Sadasiva Rao 9. Yendluri Anil Kumar 10. P.S.Prasad 11. C.R.Naidu 12. N.V.Surendra Babu 13. Jasti Venkata Ramudu 14. Boyapati Dinakar Prasad 15. Chadalawada Umesh Chandra 16. Maganti Kantha Rao 17. Goduguluri Srinivasa Rao 18. Ammineni. R. Srinivasa Rao 19. Kode Durga Prasad 20. Mannam Malakondaiah 21. Aluri Venkateswara rao 22. P. Appa Rao 23. Mandava VishnuVardhan Rao 24. Alluri Srinivas (DIG-CRPF) 25. Muvva Chandra Sekhar 26. M.Punna Rao 27. Athota Malakondaiah 28. Thummala Vikram 29. E.Damodar 30. Parvathaneni Sai Prasad 31. Chitturi Prasad 32. Kalluri Siva Rama Prasad 33. Dr.K Ramachandra Rao (IGP - Karnataka) 34. M.V.Rao 35. Kondaveeti Rajendra Kumar 36. Pullela Murali Mohana Rao 37. ...

List of Kamma Cine Heroes (Updated)

List of Kamma Movie stars: 1) Nandamuri Taraka Rama Rao 2) Akkineni Nageswara Rao 3) Gattamaneni Krishna 4) Sobhan Babu (Uppu Sobhana Chalapathi Rao) 5) Gummadi Venkatwsara Rao 6) Maganti Murali Mohan 7) Manchu Mohan Babu 8) Kongara Jaggayya 9) Giri babu (Yerra Seshagiri Rao) 10) Sridhar Surapaneni (Mutyalamuggu fame) 11) Madala Ranga rao 12) Nandamuri Bala Krishna 13) SaiChand Tripuraneni 14) Akkineni Nagarjuna 15) Daggubati Venkatesh 16) Gadde Rajendra Prasad 17) Raja Sekhar (Kasukurthi) 18) Daggubati Raja 19) Bhagya Raj 20) Nandamuri Hari Krishna 21) Veeramachineni Jagapathi Babu 22) Meka Srikanth 23) Vadde Naveen 24) Tottempudi Venu 25) Gattamaneni Mahesh Babu 26) Junior. N.T.R 27) Sivaji Sontineni 28) Nandamuri Taraka Ratna 29) Nandamuri Kalyanaram 30) Yarlagadda Sumanth 31) Tottempudi Gopi Chand 32) Manchu Vishnu Vardhan 33) Manchu Manoj 34) Edara Naresh 35) Edara Aryan Rajesh 36) Ram Pothineni 37) Myneni Sarvanand 38) Daggubati Rana...

Richest man in Andhra Pradesh

It is neither Reddy nor Raju. It is only Kamma .. According to the Forbes magazine, Lagadapati Madhusudhan Rao ( 41 ) is the richest person in Andhra Prades h stands at No- 33 among the richest persons in India . Also he is the youngest in the list, there is no Andhrite in the list. Lagadapati Madhusudhan Rao is the Chairman - Lanco Infratech Ltd , the Hyderabad-based diversified group. His net worth is 1.9 billion dollars., ahead of Vijay Mallya, N.R. Narayana Murthy. Divi Murali of Divi's Lab is narrowly missed the berth in the list. Murali, best of luck next year..

MR Doreswamy Naidu nominated to the Karnataka Legislative Council

MR Doreswamy Naidu nominated to the Karnataka Legislative Council on Monday took oath of office. M R Doreswamy Naidu (Native of Chittor District) is a known name in the field of education. He is founder chairperson of PES Education Institutions. He runs a chain of institutions including 30 colleges.“Undoubtedly my contribution to the field of education has been recognised. For the last three-and-a-half decades I am in education field. Though I am not associated with the BJP, I have RSS background. My association with Yeddyurappa and other leaders is 35 year old" he said.

Telugu TV Channels own and run by Kammas

1) ETV - Cherukuri Ramoji Rao 2) Gemini - Akkineni Manohara Prasad (Founder and stake holder) 3) MAA - (MAA - Music, MAA Movies) Nimmagadda Prasad, Akkineni Nagarjuna (Majority stake holders - Then sold to Sony) 4) TV9 - Velicheti Ravi Prakash, minority stake holder holds the grip 5) ETV2 - Cherukuri Ramoji Rao 6) TV 5 - Bollineni Rajagopala Naidu 7) NTV - Tummala Narendranath chowdary 8) Studio N - Narne Srinivasa Rao, sold to SivaramPrasad Vasireddi 9) Mahaa TV - Inaganti Venkatarao now taken over by Sujana Chowdary 10) I News - Tummala Narendra and Sabbineni Surendra (sold to Kiran Kumar Reddy) 11) ABN Andhra Jyothi - Radhakrishna Vemuri 12) Bhakti - Tummala Narendranath Chowdary 13) Vanitha - Tummala Narendranath Chowdary 14) ATV - Anil Sunkara 15) CVR News - Chalasani Venkateswara Rao 16) CVR Health - Chalasani Venkateswara Rao 17) Om TV - Chalasani Venkateswara Rao 18) YTV - Yalamanchili Venkateswara Rao (Aired from Vizag) 19) Express ...

Jr NTR's engagement with 18-year-old Narne Lakshmi

Junior NTR (27) will get engaged with one Narne Lakshmi Pranathi . Narne Lakshmi Pranathi is daughter of TDP chief N. Chandrababu Naidu's niece Narne Mallika and Narne Srinivasa Rao owner of 'Studio N' TV channel. The engagement will be held in last of Feb 2010, sources said. Interestingly, Narne is just 18-year-old and class 12th student of Nazar Junior College of Hyderabad.

Challapalli Fort - History of Yarlagadda Zamindars

Challapalli is a village in Krishna district of the Indian state of Andhra Pradesh. It is located in Challapalli mandal of Machilipatnam revenue division. The Rajah of Challapalli, Srimanthu Raja Yaralagadda Ankineedu Prasad Bahadur Garu built this Palace in the early 18th centaury. Then onwards Challapalli became the capital for the Devarkota Estate and the town developed around the palace. It remains as a great example of Andhra architecture to this very day. . The last crowned monarch of Challapalli was Srimanthu Raja Yaralagadda Shivaram Prasad Bahadur Garu (1906-76). As of 2012, the Royal family members no longer reside in the fort. Yarlagadda Rajas of Challapali fort and Zamindari that ruled this area from 15 century now the kingdom has gone due to land cease act that was kept by the Indian Government but their greatness was in the words of the people in that area . The Raja of Challapalli (Devarakota) in Krishna district was among the richest of the Rajahs and h...

Kammas World

Search This Blog