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When Hemant Kanoria,Chairman India Power started the press conference lots of expectations was there from the group. The first announcement was appointment of Raghav Kanoria as the new young dynamic MD of the group.
Power sector is going through many tough conditions despite of that group registered a healthy profit after tax 37.29 Cr and declared a 5% dividend for the share holders this year.
Company is now a 15000 Cr INR group with more than 1000MW new acquisition made them a power house to recon with.
Mr. Raghav said their focus would be a healthy mix of traditional thermal and Eco friendly power generation through solar and wind mills. Company will continue to generate the quality power with able distribution at all levels. Reducing the cost of power to end user is one of the main objectives of the company.
