Delhi-based power giant, Hindustan Powerprojects Pvt Ltd (HPPPL) is planning to go with IPO next year, which will contribute to the company’s growth. By the end of 2020, HPPPL wants to own installed capacity of almost 7,000 MW through hydro, solar and thermal power projects.
The Chairman of HPPPL, Ratul Puri told the concerned media authority, “HPPPL is expected to come up with its Initial Public Offering in the second or third quarter of next financial year that is 2016-2017.”
HPPPL has not only the generation assets in India and Europe, UK, US but also developing more than 6,000 MW capacity by utilising conventional and non-conventional energy sources in all the respective countries. The company also has a solar power generation capacity of 500 MW in India.
HPPPL is leading on its path of growth as it’s already in the progressive stage of authorizing more than 5,000 MW generation capacity with an estimated investment of almost Rs 32,000 crore by the end of 2017.
Ratul Puri talked his mind out before the WEF annual meet-2016 that India would be in the limelight as the global financial communities are looking for good projects. He said, “I foresee a lot of conclusive talks towards global partnerships especially in modernising agriculture, building clean energy alliances and how to attract global players in the Indian infrastructure space.”
He also added, “With political stability returning to the country, India must carry on with the efforts towards building foreign investor’s confidence. The global developments have placed India in an advantageous position and the Indian government must stay focused and true to its vision thereby capturing the opportunities.”
With the current focus on Smart Cities and Renewable Energy’s utilisation, India is marching towards its ultimate goal of being a developed Nation, which Ratul Puri believes, is not so far, if proper attention is given to infrastructural facilities across the Nation. HPPPL is focusing on renewable, solar and thermal powers projects and it’s something which is aligned with the Nation’s development plans. So, the picture is pretty much clear.