Essar Power Gujarat Limited

Background

Essar Power Gujarat Limited (EPGL), a subsidiary of Essar Power Limited, operates a 1,200 MW coal-based thermal power plant located in Salaya, Gujarat. Established in 2007, EPGL is committed to delivering reliable and sustainable power solutions, contributing significantly to India's energy sector. The company's mission focuses on energy efficiency and environmental stewardship, aligning its operations with global sustainability standards.

Key Strategic Focus

EPGL's strategic objectives include enhancing operational efficiency, reducing environmental impact, and expanding its market presence. The company specializes in coal-based thermal power generation, utilizing advanced technologies to optimize performance and minimize emissions. EPGL primarily serves the Indian power market, with a long-term Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for 90% of its capacity.

Financials and Funding

As of March 2024, EPGL reported a paid-up capital of ₹3,874.30 crore and an authorized capital of ₹10,000 crore. The company has active open charges totaling ₹1,400 crore and has closed loans amounting to ₹12,147 crore. In 2023, EPGL experienced significant financial growth, with a 23,727.54% increase in revenue and a 536.54% rise in profit. The company's net worth also saw an impressive increase of 116.01%.

Pipeline Development

EPGL is actively exploring opportunities to expand its power generation capacity. In 2024, the company announced plans to develop a 1,600 MW domestic coal-based power project in Gujarat by 2029. This initiative aims to strengthen EPGL's position in the Indian power sector and meet the growing energy demands of the region.

Technological Platform and Innovation

EPGL employs advanced technologies to enhance operational efficiency and environmental performance. The company has implemented Zero Liquid Discharge technology at its Salaya facility, ensuring that no liquid waste is discharged into the environment. Additionally, EPGL utilizes mechanized coal and ash handling systems to minimize fugitive dust emissions and improve overall plant safety.

Leadership Team

Kapil Singla: Whole-time Director and Chief Financial Officer (CFO) since May 18, 2022.

Kush: Whole-time Director since September 30, 2019.

Ramesh Chandra Mohanty: Director since July 21, 2022.

Bhaven Suman Bhatt: Director since November 5, 2020.

Virendra Singh Verma: Director since November 5, 2020.

Girish Kumar Purohit: Company Secretary since September 7, 2023.

These leaders bring extensive experience in the power sector, contributing to EPGL's strategic growth and operational excellence.

Leadership Changes

In recent years, EPGL has seen significant appointments to its leadership team, including the addition of Kapil Singla as Whole-time Director and CFO in 2022 and Girish Kumar Purohit as Company Secretary in 2023. These changes reflect the company's commitment to strengthening its leadership to drive future growth.

Competitor Profile

Market Insights and Dynamics

The Indian power sector is experiencing significant growth, with increasing demand for reliable and sustainable energy solutions. Private firms are investing in coal-fired power capacity, indicating a renewed interest in this segment despite environmental concerns.

Competitor Analysis

Adani Power Limited: An Indian multinational power and energy company with a capacity of 15,250 MW, including coal-based and renewable energy projects. Adani Power has a strong presence in Gujarat and other states, making it a significant competitor in the region.

Torrent Power Limited: An Indian energy and power company involved in power generation, transmission, and distribution. Torrent Power operates a diverse portfolio, including coal-based, gas-based, and renewable power plants, with a significant presence in Gujarat.

Strategic Collaborations and Partnerships

EPGL has established a long-term PPA with GUVNL, ensuring a stable revenue stream and contributing to the state's energy security. The company is also exploring partnerships to expand its renewable energy portfolio, aligning with global sustainability goals.

Operational Insights

EPGL's strategic location in Gujarat provides access to key markets and resources. The company's focus on energy efficiency and environmental sustainability differentiates it from competitors, positioning EPGL as a responsible and forward-thinking energy provider.

Strategic Opportunities and Future Directions

EPGL is poised to capitalize on the growing demand for energy in India by expanding its generation capacity and diversifying into renewable energy sources. The company's commitment to sustainability and technological innovation positions it well to meet future energy needs while minimizing environmental impact.

Contact Information

For more information, visit EPGL's official website:

Note: Specific contact details such as address, phone number, and email are not provided in this report.