Business Times

Mackwoods Energy Ltd goes public, offers 25 mln shares

Mackwoods Energy Ltd (MEL), a member of the Mackwoods Group, is going public, offering 25 million ordinary shares at Rs.14 each in an Initial Public Offer (IPO) which opens on March 22. Mackwoods Group, having commenced its operations in the energy solutions business in 1996 and catering to the demands of a variety of sectors of the economy, in 2008, brought its activities under a common identity through MEL, which previously functioned as Mackwoods Engineering (Pvt) Ltd.

This was aimed at harnessing, at an optimum level, the growing opportunities in the area of power and energy, and for greater specialisation in the sector. MEL is a total energy solutions provider of an extensive array of products and services including the development of hydropower and renewable energy projects.

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