Hinduja Group invests heavily in India's power sector
The group, with widely diversified global interests, will start its foray into power with the 1,200 MW/2,000 MW Vizag project in Andhra Pradesh that was first discussed in 1994. The company is looking to secure an official coal-linkage agreement to feed the project from the Mahanadit coalfields. After the source and quality of the coal feed has been confirmed, bids will be invited for the power plant equipment. An agreement for land for the project has already been made with the state government.
Hinduja is also considering 4,000 MW ultra-mega power projects when the government invites bidding on specific power stations. The company is in negotiations with a number of state governments, including West Bengal, to set up a range of power projects.
The group employs 30,000 people worldwide and has interests in industries including autos, banking and finance, energy and hydrocarbons, IT and technology, media and entertainment, and real estate.
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