"Speaking to Business Standard on the sidelines of a conference here on Saturday, T Shivaraman, managing director and chief executive officer of Shriram EPC, said the proposed eight plants - each having a power generation capacity of up to 8 mega watts (MW) - would come up in Tamil Nadu, Andhra Pradesh, Maharastra, Punjab and Rajasthan over the next two years."

"Chennai-based Shriram EPC, which is a leading provider of integrated design, engineering, procurement and construction (EPC) and project management services for renewable energy projects, is also planning to go for an initial public offering (IPO) in the next two years."

"Shriram EPC, a manufacturer of 250 KW wind turbine generators, is also planning to invest another Rs 100 crore at its wind turbine generator manufacturing unit, which was inaugurated recently at Gummidipoondi to the north of Chennai. The company had already invested Rs 170 crore as part of its phase-I investment in the 20-acre facility, which would produce 100-120 units of wind turbines."

"Shriram EPC sees the renewable energy sector, particularly wind and biomass power, as a significant area of growth that would contribute more than 60 per cent or Rs 1,500-2,000 crore to its revenues by 2011-12."

"The company's current order book size is around Rs 2,200 crore and another Rs 600 crore worth projects will be finalised in the next three-four months, said Shivaraman."

Read the article in full here.

Contributor:
Mala Bhandari
Social and Development Research and Action Group
mala at sadrag.org.in