April 5 2016, 15.00 PM IST || Pocket News Alert
Nidhi Narang CFO Hindustan Power
“The reduction would help in making more affordable credit available to the borrowers, if passed through. However, the need of the hour is to make sure that the banks are able to achieve the required good quality credit growth. Further, the banks need to ensure availability of credit with the rate reduction pas thru to the industry / infra companies.”
About Hindustan Powerprojects
Hindustan Power with a vision of commissioning 7000 MW of power by 2020 in thermal, solar and hydro is a leading player in the energy sector in India. The Company is in advanced stage of commissioning its combined power assets at an estimated investment of INR 36,000 crores* ( USD 6 bn). In addition to the above, the company is also developing over 6100 MW of capacity using conventional and non-conventional energy sources in India, Europe and the USA. India is the fourth largest consumer of energy in the world after USA, China and Russia but it is not replete with abundant energy resources. It must, therefore, meet its development needs by using all available resources. This understanding has helped the Company to focus on renewable energy in short-mid-term, and conventional energy for mid-long term. Secured supply chains, diversified customer base and focus on right technology for the geography is ensuring a risk mitigated growth. Hindustan Power has consistently been focusing on giving maximum returns to its stakeholders through corporate growth and social responsibility. The thermal arm of the company is in advanced stages of commissioning the first phase of its flagship 2520 MW thermal power project at Anuppur while the solar arm with a commissioned capacity of ~ 500 MW is the largest revenue earning Indian company in the sector. The company has two hydro projects in the State of Himachal Pradesh with a capacity of 520 MW.
The company is head quartered in New Delhi and has power generation assets in the states of Chhattisgarh, Gujarat, Tamil Nadu, Odisha, West Bengal, Madhya Pradesh, Punjab, Uttar Pradesh and Himachal Pradesh in India and in countries like Germany, Italy, US, UK and Japan.
