Ratul Puri on HPPPL’s hopeful IPOs in FY2016-17
The power giant, Hindustan Powerprojects (HPPPL) is thinking to go with Initial Public Offerings next year. The Chairman, Ratul Puri is pretty optimistic about these IPO plans and tells the concerned media person that HPPPL would come up with its IPO in the second or third quarter of 2016-17.
With the vision to have an installed capacity of 7,000 MW by the end of this decade, HPPPL is focusing on thermal, solar and hydro projects for the same. As of now, the Delhi-based company has solar power generation capacity of 500 MW. HPPPL is also planning to invest almost Rs 32,000 crore in generating 5,000 MW capacity till the end of FY2016-17
Apart from this, the company is developing more than 6,000 MW capacity by utilising conventional and non-conventional energy sources in Europe, UK and the US along with Ratul Puri’s home turf, India.
The Chairman has been very optimistic on India being the center of attraction during World Economic Forum’s annual meet this month. He mentioned that the way global financial community (WEF) is looking for good projects, India seems to be fitting in their parameters of perfect destination.
Current Union Government is focusing on renewable energy and smart cities, which is the need of this hour as well. Ratul Puri believes that it’s a decision that was taken in the right direction which also needs proper utilisation of infrastructural facilities.
Ratul Puri foresees 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 noted, as the political stability returning to the country, India must carry on with the efforts towards building foreign investor’s confidence.
Ratul Puri believes that the global developments have placed India in an advantageous position and the Indian government needs to remain focused and stay true to its vision thereby capturing the opportunities.
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