Teja Engineering Industries Share Price

The proprietorship Firm, M/s Teja Engineering Services, was initially established on September 24, 2002, issued by the State Government of Ankleshwar. The Firm later relocated to Bharuch, Gujarat, on July 11, 2019. The Company further acquired the proprietorship firm M/s Teja Engineering Services (TES), owned by Promoter, Mr. Vakalapudi Srinivasa Rao, through a Business Transfer Agreement dated July 17, 2023. Teja Engineering Industries Limited was incorporated as Teja Engineering Industries Private Limited, a private limited company vide Certificate of Incorporation on April 17, 2023 issued by Central Registration Centre. Subsequently, company converted into public limited Company, by changing its name to Teja Engineering Industries Limited and a fresh certificate of incorporation was issued by the ROC, Ahmedabad on September 19, 2023.Initially, Teja Engineering Services (TES) operated as a small engineering service provider, offering innovative solutions such as customized pipeline design and installation, highefficiency compression systems, advanced gas measurement and monitoring systems, safety and risk mitigation technologies, compact and modular gas distribution units, environmentally sustainable practices, and remote monitoring and control systems for natural gas projects. Over time, it expanded into Erection Commissioning (EC) projects, Operation Maintenance (OM) services for gas compressors, overhauling of gas compressors, and instrument calibration. Additionally, the company diversified into the installation of highpressure SS tubing, bulk cascades, and related services. It also providing services in the erection and commissioning of natural gas projects, including CNG and terminal stations. Recognizing the increasing demands of the energy sector, TEIL strategically expanded its operations to undertake larger and more complex Erection Commissioning. Today, the company has enhanced its expertise, delivering innovative and efficient solutions that contribute to the advancement of Indias energy infrastructure. Company is planning an IPO of 17,00,000 fresh issue of equity shares of Rs 10/ per equity.