Other investment companies
In 1887 a British bank named The East Modern Bank (Bank Jadid Sharq) established branches in some cities of Iran such as Tehran, Tabriz, Rasht, Mashhad, Isfahan, Shiraz, and Bushehr. In 1888, on the basis of a 60 year concession awarded to “Baron Paul Julius Reuter” the establisher of Reuters News Agency by Naser od-Din Shah (Qajar shah of Iran: 1848-96), the facilities of The East Modern Bank was assigned to Bank Shahanshahi. By virtue of this concession.
In 1342, it was established as a private limited company with the aim of producing all kinds of aluminum profiles, and by purchasing a land with an area of 70 thousand square meters, 2 kilometers from Qazvin-Tehran road, it built a factory, and by purchasing two extrusion presses, it was installed and started up. In 1347, it started producing all kinds of construction aluminum profiles.
Located in Fardis (Karaj), as one of the main subsidiaries of MAPNA Group, the company was established in 1999 to seize the outstanding opportunity of domestic power generation demand by manufacturing and supplying turbines and auxiliary equipment. Since the start of manufacturing operations in early 2002, TUGA has continuously invested in capacity development to respond to ever-increasing national and regional demands. After more than a decade of successful production and delivery of over 300 power Gas and Steam Turbines (ca. 32000 MW nominal output), it is now an international player in the turbine industry.
Iran Trans Co. was established in 1967 under license of SIEMENS_GERMANY as a manufacture of oil-immersed distribution, Power and large power transformers with the primary objective of designing, evaluating and manufacturing of a type of transformers according to the international standards of IEC 60076 VDE 0532.
Iran Power Plant Investment Company was established in the initial years of Iran’s power industry reconstruction so that it can be helpful and effective as an important agent and at the same time make use of created opportunities. With more than a decade’s experience, this company has managed to invest in several power plant projects and is currently involved in providing electrical energy, operating and maintaining power plants, and presenting modern trade and investment services for the development of Iran’s power industry.
Niro Consulting Engineers is one of the most important consulting engineering companies in Iran that has the various expertise needed to provide engineering design and consulting services.
Niro Consulting Engineers Company was established in 1370 from the body of Tovanir Tafekik Company and by a group of employees specializing in engineering management and technical investigations of Tovanir Company.
SABA Electricity and Water Industries Investment Company