Auro Mira Energy Co Pvt Ltd

About the Company :

Auro Mira Biopower India Private Limited is a wholly owned subsidiary of Auro Mira Energy Company Limited and operates an 18.5 MW biomass based power plant in Thirunelveli, Tamil Nadu. The total project cost was ~Rs 78 crore and Commercial operations were commenced in July 2011. The plant has been supplying power to industrial users under short term supply agreements and has also been accruing income through the Renewable Energy Certificates. AMBEML reported a loss of Rs 12.4 crore on net sales of Rs 11.8 crore in FY 2012.

Auro Mira Group is a Chennai based business group focused on generation of renewable power. It was founded in December 2005 by professionals with domain experience. Baring Private Equity Partners, a global private equity fund, is the largest investor and the Group has also attracted investments from International Finance Corporation, Aureos South Asia Fund and ePlanet Capital. The Group is presently focusing in the Biomass, Small Hydro and Wind Sectors and has 13 projects across the southern states (four operational plants)

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