Hindjuas forray into power generation
The diversified Hinduja Group is gearing up for US $30 billion play for the India over next five years, including 10,000 Mw foray in to power sector.
Ashok P Hinduja, chairman of Hinduja Group India, said the investments would be across 10 verticals oil and gas, power, realty, banking, healthcare, automotive, education, infrastructure, IT and media which had been identified as the growth drivers.
The biggest chunk of the investments is expected to flow into the power sector, where the group intends to set up 10,000 Mw generation capacity, according to G P Hinduja, co-chairman of Hinduja.
“We are pursuing a number of other power projects in the country and would very soon have two more projects. We are looking at Gujarat, Maharashtra and Uttar Pradesh to set up these plants. These could be thermal power plants,” added Ashok P Hinduja.
The group’s attempt to set up 1,000 Mw power plant at Visakhapatanam in Andhra Pradesh have not taken off so far due to legal and bureaucratic wrangle.
Leave your response!