- The Company undertook to set up a plant on a piece of land admeasuring 1.71 acres at 20 (MP) Industrial Estate Ambattur Chennai for manufacture of wind turbine generator (WTG) and wind turbine pumps (WTP) and 500 Nos. of gear box type wind mill per annum.

- Gujarat Wind Farms Ltd. and Combined Travels Ltd. are subsidiaries of the company.

1991 - The name of the company was changed as NEPC-Micon Private Limited on 12th February & later on converted as Public Ltd. Company & a fresh certificate of incorporation was obtained from the Registrar of companies Tamil Nadu on 15th March.

- The Company entered into an agreement with Micon A/s. Denmark for production of WTG in a phased manner.

- 360 No. of equity shares of Rs 10 each subscribed for by signatories to the Memorandum of Association. 49 99 640 No. of equity shares of Rs 10 each were then issued at par of which 21 99 640 shares and 3 00 000 shares reserved for allotment on a firm basis to promoters Indian resident directors etc. and to Morup Manufacturing Company Micon A/s. Denmark respectively. Of the balance 2 50 000 shares reserved for allotment on a preferential basis (1 43 600 shares taken up) 22 50 000 shares along with 1 06 400 shares not taken up by employees' issued to public. Additional 3 75 000 shares were allotted to retain oversubscription.

1992 - The Company proposed to enter into the fast growing air taxi business.

- 107 50 000 Rights equity shares of Rs 10 each issued (prem. Rs 30 per share; prop. 2:1) All were taken up. Another 5 37 500 shares offered at a premium of Rs 30 per share to employees' on an equitable basis. (only 68 700 shares taken up). Unsubscribed portion allowed to lapse.

- The Company has proposed to establish a 20 MW Wind Farm Project in the States of Tamilnadu Gujarat Karnataka and Andhra Pradesh.

1994 - The Company set up an airlines division and was able to achieve high levels of load factor due to feeder route operation. Also charter services was introduced.

- During the year the company proposed to set up a 200 MW wind power project at a total cost of US $ 250 million.

- Land admeasuring 3500 acres was acquired for setting up the wind farm.

- During April the company issued 18 80 080 zero interest fully convertible bonds of Rs 300 each of which 16 19 920 debentures were issued to the shareholders on Rights basis in prop. 10 bonds for every 100 equity shares held. (Of these 17 858 debts. kept in abeyance for dispute court cases; 485 debts. kept in abeyance for fractional entitlement).

- Simultaneously another 18 80 080 bonds were issued through a prospectus of which 4 70 000 bonds were reserved for allotment on a firm basis to promoter directors their friends etc.

- Of the remaining the following were reserved for allotment on a preferential basis: (i) 19 560 bonds to employees/workers of the company (only 19 310 bonds taken up). (ii) 1 80 000 bonds to the shareholders of NEPC Agro Foods Ltd. NEPC Tea Garden Ltd. (all were taken up).

- Balance 12 10 520 bonds along with 250 bonds not taken up by employees issued to the public (all were taken up).

- Each bond was to be converted into 10 equity shares of Rs 10 each at a premium of Rs 20 per share on the 180th day from the date of allotment. Till 31st March 1995 34 851 050 shares were allotted.

- During November the Company issued 150 00 000 GDRs at a price of US $3.18 per GDR. These GDRs are underlined by 150 00 000 No. of equity shares.

- The Company has entered into a MOU with the Tamilnadu Electricity board. 1995 - The Company set up Airlines division to cater to the needs of customers in the feeder routes.

- The Company has also introduced charter service and populairised the concept of charter service in India.

1996 - The Company has set its goals to introduce grid connected Solar Power for the first time in the country. The Company has tied-up with Omenian Power Corporation of USA for the technology.

- The Company received ISO 9002 issued by Det Norske Veritas of Netherlands.

- 59 00 000 redeemable pref. shares issued.

1997 - The Company commissioned its first 100 MW grid connected solar power plant in Tamil Nadu.

- The company has signed a MoU with the Rajasthan State Electricity board for putting up an 50 mw wind farm near Jaisalmer.

- The NEPC has entered into a memorandum of understanding with Omnion Power Corporation Ltd USA for sourcing technology for solar power.

- NEPC India has been awarded the Indian Renewable Energy Development Agency (Ireda) award for its contribution to develop the solar photovoltic (SPV) market in India.

1998 - Wind Mill manufacturing major NEPC India Ltd in an attempt to take on its erstwhile technical collaborator NEG Micon of Denmark has floated a new venture - NEPC Infrastructure Ltd (NIL).

2000 - The Company to issue equity shares of preferential allotment upto an amount of Rs. 25 crores to persons(s) bodies corporat/FIs/FIIs/NRIs/OCBs etc.

2004

-NEPC bags 70 Wind Turbine Generators (WTG) order from Vishal Exports.