Ad Here  
Kinetic Karnataka PPP mode for upgrading Corporation Hospitals Scientists urged to take up farmer-oriented research Pharma – overdose of copying The Ports’ Pasha expands into Tamil Nadu Should we change the official year? Remembering Indira Sivasailam... CRS, a jewel among managers, is no more. F C Kohli - his concerns all embracing Whistle-Stop Tour of Raghuram Rajan Editor's Notes Delhi Chalo... Solar, solar everywhere … For whom the bell tolls? Diamond jubilee of Egmore Samskrt School Valli, they are more marginalised Russi Mody – a tribute Protest masters... The why of tax incentives Modi storms Silicon Valley When Ratan Tata visited SRM PC’s preference for professionals Small units prefers to remain small... Intellectual of rare qualities Telangana in top gear… Air Asia India will set new benchmarks for budget travel Poor representation for Kerala and TN in Cabinet Convulsions in The Hindu Make standards certification mandatory... Another Indian music maestro at the UN A Grand Finale for SN’s MS centenary at the US… Road development slows down Poor quality of university VCs Secularism and anti-Hinduism GNS - 100: our first subscriber When TN politicians can emulate Kerala's TN – agglomerate land holdings without alienating ownership When nations steal growth from one another… Multi-faceted Venkat The star of Spencers is no more Gay abandon in pricing Plummeting profits of PSBs Marketing expert Balagopal is no more Colour-Chem’s colourful KRVS A welcome initiative by the judiciary An enemy’s enemy is a friend An informal presentation - analytical, forward locking... TGS- The king storyteller Inflation: are we emulating Argentina and Brazil? Medical costs hit the roof... The ‘Jayanthi Tax.’ More tributes to GR Of course, Gujarat is vibrant This scant respect for Law Paytm karo... Naidu will soon build a new Hyderabad Not just in-laws (and outlaws); they’ve renowned academics at the helm! Roaring Ro-Ro facility Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated The rise and fall of Annamalai University Permanent secretariat for TN GIM China invests in India Five star activism stalls development activity Kulandai was a giant Excel Generators provide the vital back-up Quality education through the PPP mode All eyes on Sankara Nethralaya New IT products of Ramco in the pipeline… The sea- saw battle continues... Delhi returns to BJP Like Hinduism: many paths to reach God... IAS invades NDDB... Online not in line with brick and mortar businesses... Cleaning Ganga – relocate tanneries and install electric crematoria A yen for wastage… Naidu’s return augurs well for Seemandhra Dr C Rangarajan returns to Chennai TN-leverage strength of BHEL, NLC... Come elections, come advertisements... Things happen by accident and not by design... Robber barons everywhere There was flood of milk. Reason: no milk commissioner! Cutting the nose to spite the face Streamlining mandatory third party cover The power-full Hindujas Polls and promises Fuel for thought Infrastructure funding – lessons learnt Bihar elections - the Rajaji formula worked Nuclear power at the nucleus Discoms deserve better… Parliament in paralysis... How Air-India loses customs... Where a state respects its litterateurs… Land reclamation from sea appears cheaper! IPL - no surprise this scam Tax agriculture Limit foreign borrowings to hi-tech, export potential projects... A professional at the helm of IRDA... Demise of a media baron... Padma Bhushan for A Ramakrishna The rise and rise of KCP Silver Years of Madras Musings A proud Madrasi Eternal support for capitalisation of PS banks Why this malaise in medical education? Welcome GST Tatas moving out of urea production... Mu Sigma – is no more Funding the un-funded Tribute MHC should not return to its old indisciplined ways Moily’s bold thrust The few handicaps... Kudos to NDTV... Rahman at CIC Adharma of opposition politics Sweet news for TN sugar mills Shale gas and its shallow future CSR and CMI: promise of another Srinivasan Ramanujan... GM Technology at last! The brown list of Venkitaramanan SoA @ 80 TIAM turns a full cycle When the President was rendered homeless… Don’t seem to feel the pulse… Focus on quality of power - its only around 170-180V West Bengal: mindless malignancy Return to king coal for urea... Modi and the lady WTO Meet: resolved to meet again Welcome changes that testify to Jayalalithaa’s return to health S Ramanathan – a versatile musician, musicologist Godspeed, Chief Minister JJ IPL type auction for VCs? Insurance companies bleeding, yet no decision on increasing FDI limit! Tough task taking states together He saved millions from starvation... Increasing non co-operation of state leaders Tribute – UCAL Selvan… Maximising the micro pricing … Recognition to role of NBFCs.... to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Wise Presidents Why land prices zoom in TN? Breaththrough in malaria control Revving up the manufacturing sector Revive development banks... More heat than light Quality silica from Neyveli Where is Rajaji? Welcome thrust on trade in Modi’s foreign visits... Sweeter prospects for sugar The ‘Ayyo-yes’ is no more An inexplicable neglect Which side are you, Montek? EEC at the National Media Centre No mega rail project for Tamil Nadu Reliance’s TV – 18 ready to launch Tamil News Channel Adapt Vajpayee dinner diplomacy Building loyalty through the stomach Align crops to agro climate endowments… CII projects higher growth… Contrarian cousins Airlines in India: cost and space Shanti and Sadhana through Music When small is no larger beautiful.. Build close rapport with business leaders Tribute – Manikam Ramaswami Making ‘my Amaravati’... L&T: focus on infrastructure and more infrastructure… Put expensive assets created to use... ONGC at KG Basin Odisha: spectacular win by Naveen Patnaik Music happens Gas is the way forward No Maha Koottani in TN... Noble nonagenarians... More Shakthi to Das’ elbow Towards speedy justice Solar thermal shines… Lesson from Chandrababu Naidu Strengthen the base... Preserving for the future Cement prices continue to rise… Welcome focus on core competence EVM is tamper-proof Computation of GDP – conundrums continue The Swadeshi Trump Bihar – Nitish Kumar adopts the Lalu model A C Muthiah – his munificent bequeaths to science Banning booze... Tribute – M V Murugappan Haul over the coal Alexa – Talking Wikipedia Wanted: a second airport for Chennai A friendly business group Auto components surge… Muffled voices for merit… Readers' Mail S V Raju – a ‘good’ true liberal A think tank for Chennai …and of a popular trade leader Tatas moving out of urea production... He continues the focus on social amelioration Delhi is distant… Fall in crude prices help in oil sector reform For whom the MIDS bell tolls? A glass full of corruption Delhi is distant Shipping woes of Chennai companies B H Kothari - a tribute Liberal imports idling indigenous capacities Boy, can you beat these? Shaming of Tamils by Tamil farmers at Delhi Lalu’s envy, India’s pride Mersal magnified The balancing act Measuring roof tops in terms of KW/MW Editor's Says Rs.1600 crore paper board plant of TNPL CIPET hqrs to stay at Guindy – for the present? TN accounts for the largest recruits by the IT sector The nuclear option The Gulf aviation boom When online building permits work…. L&T- the specialty of special purpose vehicles A Grand Finale for SN’s MS centenary at the US… Waning interest in public discussions… Sri Lanka votes for change No engine for this car Tihar, Puzhal not different from Parappana Agrahara Engineering seats go abegging Fortune 500 review A more liberated TN… More Shakti to resource mobilisation... London, London Narayan Vibrant Gujarat TELANGANA at last…BUT Fortune for Indian Airlines A rich pool of talent not utilised…. The Jan Dhan bonanza R Sridhar steps down as CEO of Shriram Capital
The power-full Hindujas

Soon after liberalisation of the power sector in the 1990s there was a surge of interest on the part of several large corporates including multinationals, to invest in large additional capacity. Enron hogged the headlines for long on the massive investments it promised on the Dabhol power project. A consortium of German industries led by Siemens evinced interest in setting up a 1500 MW lignite-based power project at Jayamkondam in Tamil Nadu. Hindujas worked on a 1000 MW power plant in Visakhapatnam.

But the policy was not clear. Coal linkages were not established and there were numerous other hurdles from the Centre and the states. The result was the dozens of projects bandied about with great fanfare did not take shape. Hindujas was also among these.

Happily, the Hindujas had persisted with their efforts and have completed the project in Visakhapatnam at a cost of over Rs 7000 crore. Power Minister Piyush Goyal in the NDA government and AP Chief Minister Chandrababu Naidu have been helpful in the Hindujas racing ahead with the completion and in getting the project ready for commissioning in quick time pushing back the indecision and lack of urge on the part of the previous regime.

Sadly, the severe cyclone that devastated Visakhapatnam in October caused some damage to this power plant as well. These have been attended to with speed. The plant is waiting to be inaugurated at the hands of the Prime Minister.

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236