Our Businesses - Energy
Indu Group’s foray into Powers sector is augmented by our business philosophy of identifying niche’ opportunities well in advance and capitalize on its first mover advantage.
With robust GDP growth rate India is poised to be among the fastest growing economies of the world. However, in order to sustain this momentum, the country needs to put its power sector in order at the earliest.
Presently, the installed capacity in the country is over 141,000 MW. As per government estimates, the country needs to add approximately 16,000 MW in new capacity every year for the next 10 years to sustain current levels of economic growth.
The government is conscious of the urgency of plugging the gaps in the power sector and has redoubled its efforts in ensuring that its targets for the Eleventh Five Year Plan period are met. Of the nearly 78,500 MW fossil-fuel capacity addition targeted during the 2007-2012 period, 60,000 MW is already under construction. Simultaneously, the power sector is also ushering in reforms and building the right policy framework with the government encouraging private action and competitive play. The opportunity is therefore open and clear for private companies to enter the fray and provide the resources to help in the generation of captive power plants.
Keeping in mind the long term requirements of Power for the country, this segment has been particularly identified as a major growth line for our future that will help us focus and specialize on a few but important core competencies in infrastructure.