RattanIndia

RattanIndia
Public company
Traded as NSE: RTNPOWER
BSE: 533122
Industry Power Generation, Mining, Cement
Headquarters Gurgaon, India
Key people
 Rajiv Rattan, Chairman
Total assets [INR 6500 cr(USD 1.03 billion) ]
Website www.rattanindia.com

RattanIndia group, formerly named India Bulls Power,[1] is a US $1 billion (INR 6500 crore) net worth business conglomerate with business interests in power generation, cement and mining. RattanIndia Power Limited is developing 5400 MW of coal based thermal power projects Amravati and Nasik in Maharashtra. It has currently installed and operational capacity of 2700 MW. Rajiv Rattan is the founder chairman of the group.

History

Rattan co-founded Indiabulls group in year 1999. As a co-founder and ex-Vice Chairman of Indiabulls group, he played an important role in scaling up various businesses and transforming it into US $3 billion (INR 19320 Cr) business conglomerate with business interests in consumer finance, Securities, Real Estate, Power Generation, securities and Information Technology. The power and infrastructure business of Indiabulls group was hived off in July 2014 and rechristened as RattanIndia Power Limited and RattanIndia Infrastructure Limited. Rattan bought out the shares of other promoters in Power and Infrastructure businesses, while retaining his holding in Indiabulls Housing Finance and Indiabulls Real Estate.

Businesses

Power Generation

[2] RattanIndia Power[3] (formerly known as Indiabulls Power) is one of India’s largest private power generation companies. It has already incurred a capital expenditure of INR 17000 cr in developing 5,400 MW coal based Thermal Power Projects at Amravati and Nasik (2700MW at each location) in Maharashtra. The total capital expenditure on development of plant will be around INR 34000 crore. Currently phase I of Amravati power plant with total installed capacity of 1350 MW is fully operational and Phase I of Nasik power plant with generation capacity of 1350 MW has been commissioned. The group has 3235 acres of land in possession for power generation. It also has a fuel supply agreement with Coal India Limited for entire 5400 MW. Railway siding for Amravati Thermal Power Plant is already operational while construction of railway siding for Nasik plant is currently going on. On transmission side, 159 km of transmission lines are being laid down for Nasik and Amravati. A long term power purchase agreement for 25 years is in place with Maharashtra State Electricity Distribution Company Limited for Amravati Power Plant.

RattanIndia Thermal Power Plant, Nasik

Renewable Energy

RattanIndia is implementing about 300 MW of solar power projects across different states in the country. While 154 MW of ground mounted solar projects are under development, 116 MW capacity of solar parks are already functional in Maharashtra and Rajasthan. RattanIndia is already owning 1100 acres of land exclusively for solar and 300 acres of additional land acquisition is in pipeline. Besides ground mounted projects, the company is also implementing rooftop solar projects. Rooftop project of 5 MW has already been commissioned on more than 80 buildings across 3 cities (Bhopal, Indore and Jabalpur) in Madhya Pradesh. RattanIndia has also implemented 10 MW of rooftop projects in West Bengal and Delhi on CPWD buildings which includes important buildings like The Supreme Court of India and Rashtrapati Bhawan. The Group is now actively engaged in bringing the benefits of cheaper and cleaner energy to the people. The Solar division is headed by Mrs. Anjali Nashier who is also the Vice-President of the group.

References

  1. ↑ "RattanIndia commissions fourth unit in Amravathi plant". The Times of India. Retrieved 3 July 2015.
  2. ↑ RattanIndia Power: Latest News & Videos, Photos about RattanIndia Power | The Economic Times
  3. ↑ Business Standard. "Rattanindia Power Share Price: Live NSE/BSE Rattanindia Power Stock Price, Share Price, Rattanindia Power Results, Returns, Charts, News & More - Business Standard". business-standard.com. Retrieved 3 July 2015.

Further reading

  • Jyoti Mukul (6 September 2014). "Rajiv Rattan takes control of Indiabulls Power". business-standard.com. Retrieved 3 July 2015.
  • Raghavendra Kamath (10 July 2014). "Indiabulls promoters split empire". business-standard.com. Retrieved 3 July 2015.
  • Katya Naidu (11 March 2013). "Indiabulls starts power generation; calls it a landmark". business-standard.com. Retrieved 3 July 2015.
  • Katya B Naidu (31 January 2013). "Five years on, Indiabulls Power's Chhattisgarh project in peril". business-standard.com. Retrieved 3 July 2015.
  • N Sundaresha Subramanian (1 May 2015). "HC restrains The Wall Street Journal on Indiabulls". business-standard.com. Retrieved 3 July 2015.
  • "Third unit of RattanIndia plant tested for commercial ops". The Times of India. Retrieved 3 July 2015.
  • "Indiabulls Power promoter Rajiv Rattan denies speculations about looking to exit power business". timesofindia-economictimes. Retrieved 3 July 2015.
  • "Train to RattanIndia plant soon". The Times of India. Retrieved 3 July 2015.
  • "RattanIndia Power commissions 270 MW unit 4 at Amravati". timesofindia-economictimes. Retrieved 3 July 2015.
  • SI Reporter (8 August 2012). "Indiabulls Group shares dip on Veritas report". business-standard.com. Retrieved 3 July 2015.
  • "Stock Share Price rattanindia power limited". bseindia.com. Retrieved 3 July 2015.
  • "RattanIndia Power Stock Price". ndtv.com. Retrieved 3 July 2015.
  • "ApnaSolar - Aim for the Sun". ApnaSolar - Aim for the Sun. Retrieved 3 July 2015.
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