News and Events for M.E. Energy
|M E Energy was adjudged First Winner for “Innovation in Energy Efficient Projects” in the CII Energy Efficiency Circle Competition held in New Delhi on 18th & 19th May 2017|
|M E Energy supplies a Paste Heater to a Pet Packaging plant in Turkey|
|M E Energy supplies a boiler for Steam Generation and distribution in an Oxo Alcohol Plant|
|Major Order received from Shriram EPC Ltd., for supply of large Process Integrated Boilers for Coke Oven By-Product Plant for NMDC’s upcoming Integrated Steel Plant in Chhattisgarh.|
|M.E Energy Receives repeat order from Ha-Meem Group of Bangladesh for Waste Heat Recovery System for three of their plant locations.|
March/ April 2013
|Large Process Integrated Boilers manufactured under stringent specifications of DMT, Germany for Coke Oven By-Product Plant for Bhilai Steel Plant supplied to McNally Bharat Ltd.
|Mr Feroz Siddiqui Joined M.E Energy as General manger (Technology). Mr. Siddiqui brings in vast experience in Thermal Engineering to M.E Energy
M.E Energy Raises Private Equity from Helix Investments
Fundraise to expand capacity and fuel growth in thermal engineering solutions
M.E Energy’s expertise lies in developing unique solutions for generating cash savings for its diverse customer base, which includes Britannia, Deepak Fertilizers, Andhra Petrochemicals, Wartsila, VVF, Ford Motors, Linde Engineering etc.The M.E Energy investment is the second in the industrial sector for Mauritius‐based Helix Investments, which is sponsored by the Cullman and Bloomingdale families from the US. Helix has previously invested in Gujarat based Hi‐Rel Electronics Pvt. Ltd.M.E Energy is led by Managing Director, K. Vijay Kartha, a first generation entrepreneur and a veteran in theenergy industry. “Waste heat utilization and energy efficiency is the need of the hour and demand for customized solutions to maximize returns will increase exponentially. We serve the needs of both new and existing industrial and power plants. There is a large potential market for our solutions and it is growing rapidly. By partnering with Helix, we will be able to expand our capacity and geographical presence enabling us to cater to a larger share of this growing market,” said Kartha.
M.E Energy’s strong client relationships and market positioning first caught Helix’s notice. “There are very few players in this market with an established capability to offer a wide variety of customized solutions. We think the company is set to take advantage of the increasing demand for such solutions in India” said Sumit Tayal, Director of Helix Investments Advisors in Mumbai. “With increasing cost of fuel, WHR solutions will become even more viable across industries thereby expanding the adoption rate and the market size significantly,” said David Danziger, Director of Helix Investments Company. “We are enthusiastic to put more capital to work in M.E Energy, should it be needed.” Corporate Finance Associates (CFA), India was the exclusive financial advisor to ME Energy for this transaction.
Helix is a $100mn private equity fund founded in 2007 and invests between $5‐20 million per transaction. Past investments include Mahesh Tutorials, India’s leading school tutoring company, and LearningMate, a leading provider of e‐learning solutions engaged in content development, learning applications, and learning management systems. Helix had also invested in Calorie Care, a provider of customized, calorie‐counted meals and OSi, a medical transcription services provider. Focus areas for Helix include consumer goods, business services including IT and ITeS, industrials and education. Helix typically acquires minority stakes but has also done management buyout deals involving majority stakes.
M E Secures Order from Durr India for supply of Hot Water Generation System for Ford Plant at Sanand
|M E secured an order from M/s Durr India, for design and supply of a system for centralized heating of Hot Water for use at Pretreatment Solution Heating in various sections of the paint shop of Ford India.The challenge in the design of this innovative system was to meet very stringent temperature profile that is required to maintain the temperature of the Pre Treatment solutions for better finish of the cars. We at M.E are pleased to help both Durr India and Ford to utilize the waste heat available at the incinerator in paint shop. Durr India is one of the world's leading suppliers of products, systems, and services, for automobile manufacturing, having installation at various automobile manufacturers globally.
Waste Heat Recovery Boiler with Water Wall Construction for Indian Oil Corporation dispatched
|M.E Energy has dispatched Water Walled Bi Drum, Waste Heat Recovery Boiler to IOCL through McLelland Engineers Pvt Ltd / Toyo Engineering India Limited, for its refinery at Panipat in Haryana. The Waste Heat Recovery Boiler is to be installed at the back end of styrene waste Incinerator. The boiler operates at very high temperature of 1150 0C. Proper material selection and design was the key to the success of this boiler.
This Waste Heat Recovery Boiler will generate 4 Tonnes of Steam per hour at a pressure of 7 bars. The installation of this Waste heat Recovery Boiler has enabled to cool down the toxic gases to acceptable emission norms. The customer will also be benefited by savings in the fuel consumption.