ICSA (India) Ltd, the fastest growing company in the power sector has witnessed the Foreign Institutional Firm Deutsche Securities Mauritius Limited, along with its Persons acting in concert, increased their stake in the company to 2237737 shares (5.08%) through open market purchase.

“The growing trust and belief in the company strengthens our resolve to grow by leans and bounds” said Mr. Bala Reddy, CMD, ICSA (India) Ltd

Earlier this year Goldman Sachs invested $ 46 mn through FCCBs apart from acquiring 3,50,000 convertible warrants.

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About ICSA India Limited

ICSA has been at the forefront of developing technology solutions for the power, oil, water and gas sectors to identify Transmission and Distribution losses, and monitor power and oil consumption using the GSM network. By identifying distribution losses, which are a huge burden to the exchequer, ICSA helps reduce the losses suffered by the companies. An ISO 9001:2000 company, it undertakes large power projects across several countries in Asia and has offices in India, Singapore and Malaysia.