India Power
  • uniper logo
  • kanario logo

THE INDIA POWER STORY

India Power Corporation Limited (IPCL), formerly known as DPSC Limited and incorporated in 1919, is one of the leading power generation and utility companies in India. An ISO 9001:2015 entity, it has actively forayed into a diversified portfolio, with renewable and conventional modes of power generation, distribution & power trading.

Having a diversified portfolio of conventional and renewable modes of power generation, multi-location distribution, operation & maintenance and logistic outfits, it is our constant endeavor to grow the scale and scope of our operations in the energy sector. We are constantly seeking synergic opportunities in the power generation and distribution space to enhance our presence organically and inorganically.

As a Distribution Company, IPCL flies high in its licensed area of 618 km2 in Asansol-Raniganj belt of West Bengal. The distribution network is overhead and the current T&D loss is below 3%, lower than the industry average of approximately 25%.

Another significant feather in IPCL’s cap was the successful connectivity to West Bengal State Electricity Distribution Company Limited commissioning of 220 kV. J.K. Nagar Substation. Purchasing of power is done daily through Indian Energy Exchange (IEX), which steadily reduces our cumulative power purchase cost.

India Power took over the reins in Bodhgaya, Gaya, Manpur and adjoining areas as a Distribution Franchisee namely India Power Corporation (Bodhgaya) Limited on behalf of South Bihar Power Distribution Company Limited in 2014. Through new technological corrections, meter replacements, cable changes and the installation of bare conductors, T&D losses were pushed down from 70% in June 2014 to 56% in March 2016.There is a base of 1,80,000 consumers and increasing on a regular basis.

Read More...

Chairman's Message

Distinguished Guests,

The power sector in India and globally is undergoing a metamorphosis, as technology and renewables are rapidly changing the landscape. Globally, the power costs have fallen steeply. With new technology making it possible to store renewable energy, it is expected that soon consumers will become their own producers. However, in India, the power sector continues to be an enigma. The irony is that there are still millions of people who do not get their power requirements met, and on the other end, we have power producers who are not able to sell power as the DISCOMs are power surplus. To further complicate matters, power prices are at their historic lows whereas the power tariff to consumers is still high. Therefore, this sector is going through a fundamental and transformational shift. The uncertainties and unsynchronised policies have resulted in huge non-performing loans for the banks resulting in tremendous stress in the power sector. There is no doubt that electricity is a basic raw material for every sector – be it agriculture or industry or services, which imply that power sector has huge potential. In spite of that, there is short-term pain due to the ongoing tectonic shift.

India power has been growing prudently. We have been continuously working towards improving our efficiency levels. For instance, our Gaya distribution franchisee (Df) has successfully reduced its T&D loss from 68% (at takeover) to 49% as on 31st march, 2017. By optimising capacities and operational efficiency we are meeting the needs of more than 1,81,652 consumers in Gaya. We have to set new records and achieve new milestones in both conventional and renewable energy portfolio.

Key Accomplishments

FY 2016-17 can be summarised as the year for exploiting operational synergies and capacity expansion. Moreover, we focused on loss reduction and we were able to consistently maintain the T&D loss below 3% recorded in FY 2015-16. One of our landmark acquisitions was Meenakshi Energy Private Limited [now known as Meenakshi Energy Limited (MEL)] from French power giant ENGIE. The thermal plant located in Nellore, Andhra Pradesh has a total capacity of 1,000 MW, of which 300 MW is currently operational. The remaining 700 MW is expected to be operational by 31st March, 2018. This takeover will enable us to capitalise on MEL’s operational efficiency and expand our generation business.

India power is also setting up 450 mw (150 mw x 3) power plant in Haldia, West Bengal. The first unit has been commissioned, the second unit will be commissioned in 2017-18 and the final unit by the end of next financial year. The investment is around 3,500 crore, one of the largest in the state in recent years.

Another significant feather in our cap is our partnership with Uniper Kraftwerke Gmbh which is one of the largest power generation companies in the world with about 40 Gw of installed generating capacity across technologies and geographies. Through this joint venture, India Uniper Power Services Private Limited will get access to their pioneering technology and best in-class operational systems. These would include plant operations and maintenance, asset monitoring software and analytical tools flexible utilisation of units, lifecycle extension, supply and integration of pollution control equipment and systems, among others.

Moreover, we entered into an agreement with US Trade and Development Agency, USTDA, which is an arm of the US government. The USTDA helps companies create US jobs through the export of goods and services for priority development projects in emerging economies. The USTDA has agreed to grant funds to IPCL to implement the smart grid technology across our networks, especially at Gaya. Additionally, India Power Green Utility Private Limited (IPGUPL) partnered with Punj Lloyd to develop a 36 MW of solar power plant in Uttarakhand, with an investment of 225 crore which has already been commissioned. IPGUPL’s main focus is to help India Power expand its portfolio of green assets and Punj Lloyd’s partnership will help us in achieving our green energy goals.

Matsya Shipping & Ports Private Limited, a joint venture with Andamax Gmbh is engaged in logistics, infrastructure building, designing, developing and setting up of transshipment/ transloading facilities / floating transfer facilities etc.

In FY 2017, we welcomed 150 new members to the India Power family from OUR-EENAKSHIPLANT ARECON?DENT that this will be a long association. We look forward to nurturing the careers of our new members just like we have been doing for our other staff members. Moreover, this year we have stepped up our efforts to meet our sustainability and social responsibility goals. We concentrated our activities around healthcare, education, women empowerment and community development.

We are cognisant of our societal obligation to reduce our carbon footprint by adopting green technologies and innovative practices. We have received several awards commemorating our efforts for a greener plant and a developed society. We have won the National Award for Excellence in CSR and Sustainability in the category of Best Overall Excellence. Besides, we bagged the Asian Power Awards 2016 for Smart Grid Project of the Year and Power Utility of the Year.

OUTLOOK

Your Company has bravely weathered all challenges in FY 2016-17 and come out stronger. The year 2017 will be pivotal for India Power as we are energised for the future. Our power generation assets are coming on stream with the help of major investments. Approximately 500 MW will be operational by the end of 2017 between Meenakshi and Haldia power plants. These two assets will make the power generation segment a substantial contributor to the Company’s revenues. India Uniper Power Services Private Limited is poised to be the consulting company to our Meenakshi and Haldia power plants. We will showcase our success by way of:

  • Efficient management of operating and maintenance costs of both locations
  • Emphasis on the flexibility of technology for preparedness for the next level of generation business
  • Innovation in fuel management
  • Technology improvement in power plant
  • Participation in technology fairs, exhibitions and meetings
  • Raising awareness about the benefits of technology leading to cost reduction of technology for future ready businesses

Over nine decades of experience in the power segment has permeated an in-depth understanding of the industry. Our flexible approach and adoption of latest technology is well suited to cater to the growing needs of this industry. With our agile attitude towards the business we are confident of etching our name in the industry as one of the best service providers in the power sector.

I would like to thank all shareholders, customers and employees who have been instrumental in crafting the nine decade long legacy of India Power. I am certain that together we will scale new heights of success in the year ahead.

With Best wishes,

HEMANT KANORIA

Chiarman

Leadership

Board of Directors

Hemant Kanoria

Mr. Hemant Kanoria has over 38 years of experience in industry, trade

Hemant Kanoria
Chairman

Amit Kiran Deb

Shri Amit Kiran Deb is a Masters Degree holder in Political Science fr

Amit Kiran Deb
Independent Director

Nand Gopal Khaitan

Shri Nand Gopal Khaitan is a Senior Partner of Khaitan & Co., a le

Nand Gopal Khaitan
Independent Director

Tantra Narayan Thakur

Shri Tantra Narayan Thakur a former member of prestigious Civil Servic

Tantra Narayan Thakur
Independent Director

Dipali Khanna

Smt. Dipali Khanna is a MA (History) from Delhi University, M.Sc. (Nat

Dipali Khanna
Independent Director

S Sundareshan

Shri S. Sundareshan is an IAS officer and holds a MBA Degree from the

S Sundareshan
Independent Director

Debi Prasad Patra

Shri Debi Prasad Patra IAS (Retd.) holds a Master Degree in Political

Debi Prasad Patra
Independent Director

Jyoti Kumar Poddar

Shri Jyoti Kumar Poddar has rich experience as an industrialist with i

Jyoti Kumar Poddar
Director

Raghav Raj Kanoria

Shri Raghav Raj Kanoria holds a Bachelors Degree in Commerce with expe

Raghav Raj Kanoria
Managing Director

A.K.Goswami

Shri A.K. Goswami, a District, State and National Scholar, is an Engin

A.K.Goswami
Whole Time Director

Management Team

Raghav Raj Kanoria

Shri Raghav Raj Kanoria holds a Bachelors Degree in Commerce with expe

Raghav Raj Kanoria
Managing Director

Sanjeev Seth

Shri Sanjeev Seth is a Graduate Electrical Engineer with Management qu

Sanjeev Seth
Chief Executive Officer
Transmission and Distribution

Somesh Dasgupta

  Mr. Somesh Dasgupta is in the industry for the last 27 years

Somesh Dasgupta
President

Argha Ghosh

  Mr.Argha Ghosh is a risk and audit specialist with twenty tw

Argha Ghosh
Vice President
(VRisk & Audit)

Prashant Kapoor

  Mr. Prashant Kapoor comes with vast and rich experience of o

Prashant Kapoor
Vice President - Group company secretary and compliance officer

Our Vision & Mission

  • India Power corporation limited is pervaded by a unique culture comprising of three ‘d’s – discipline, dedication and devotion. Over the decades, this culture has permeated to all levels of the organization.

  • Vision – a leading and reliable end-to-end energy solution provider to the country.

  • Mission – to empower industries and millions of humans by being the lowest cost, most reliable and environmentally sound conventional and non-conventional energy provider.

  • To provide employees a strong sense of ownership, professional respect and pride resulting in high morale and performance.

  • To increase shareholder values by growth and profitability.

VALUES

  • Performance – target oriented

  • Imagination and initiative.

  • Employee's empowerment

  • Integrity, ownership,& sense of belongingness.

PHILOSOPHY: TO BE AN ADMIRED ORGANIZATION IN INDIA

  • Fair business structures

  • Organizational pride

  • Customer delight

  • Together we will achieve our vision by consistently growing through competitiveness and cost efficiency.

  • Constant searching for opportunities.

  • Competency enhancement.

  • Customer renovation.

FOCUS AREAS

Together, we will achieve our vision by consistently growing through :

  • Competitiveness & cost efficiency

  • Constant search for opportunities

  • Complimentary strategic alliances

  • Competency enhancement

  • Customer orientation

Geographical Presence & Key Strength

Geographical Presence

Key Strength

Policies

India Power Corporation Limited (IPCL) engaged in Generation, Transmission and Distribution of quality Power to our esteemed consumers, will strive for continuous improvement in our occupational, health and safety performance by ensuring the health and safety of all our employees directly or indirectly engaged in our workplace and protecting the environment. India Power Corporation Committed to:  

  • Ensure a clean, green and safe working environment.
  • Maintaining Zero accidents, preventing hazards, minimizing risk in all our activities.
  • Periodically monitoring the occupational health parameters of our employees
  • Operate and maintain its facilities as per the best practices available to ensure safety of public, employees, plant and equipment.
  • Compliance of all applicable, legal and regulatory requirements prescribed under various Act and Rules.
  • Continuous monitoring and effectively manage air emission, effluents and solid waste.
  • Carry out safety audits on regular basis to ensure that systems are in place, updated and followed.
  • Impart training, retraining and motivate all our employees directly or indirectly engaged in our business processes and make them responsible for our EHS performance.
  • Provide and maintain a safe and sustainable workplace with necessary safety measure and ensure safe working methods all the time.
  • Delegates power to employees to implement the policy of the company Occupational Health and Safety.

Health & Safety Policy

India Power Corporation Limited (IPCL) engaged in Generation, Transmission and Distribution of quality Power to our esteemed consumers, will strive for continuous improvement in our occupational, health and safety performance by ensuring the health and safety of all our employees directly or indirectly engaged in our workplace and protecting the environment. India Power Corporation Committed to:  

  • Ensure a clean, green and safe working environment.
  • Maintaining Zero accidents, preventing hazards, minimizing risk in all our activities.
  • Periodically monitoring the occupational health parameters of our employees
  • Operate and maintain its facilities as per the best practices available to ensure safety of public, employees, plant and equipment.
  • Compliance of all applicable, legal and regulatory requirements prescribed under various Act and Rules.
  • Continuous monitoring and effectively manage air emission, effluents and solid waste.
  • Carry out safety audits on regular basis to ensure that systems are in place, updated and followed.
  • Impart training, retraining and motivate all our employees directly or indirectly engaged in our business processes and make them responsible for our EHS performance.
  • Provide and maintain a safe and sustainable workplace with necessary safety measure and ensure safe working methods all the time.
  • Delegates power to employees to implement the policy of the company Occupational Health and Safety.

  Approved by     Asok Kumar Goswami Whole Time Director Date – 19th September 2017

Equal Opportunity Employer

Indiapower is an equal opportunities employer. we do not discriminate on grounds of age, gender, colour, race, ethnicity, language, caste, creed, economic or social status or disability. we recognize that having a workforce that broadly reflects the composition of the local communities in which we operate places us in a unique position to understand and respond to the needs of our customers. we thus use diversity as a competitive differentiator, both in employment and in customer markets.

Prevention of Sexual Harassment

  • The company has defined guidelines and a broad framework on the policy based on the vishakha guidelines, prohibiting sexual harassment at the workplace and providing an effective grievance redressal procedure, having provisions clearly laid down for prevention and reporting, at all levels of employment. 

Policy for Anti Sexual Harassment

policy for prevention for sexual Harasement

Community Development

Adding Power to Life

They say “Social Work is the art of Listening and the Science of Hope!

Social work grew out of humanitarian and democratic ideals, and its values are based on respect for the equality, worth, and dignity of all people. Since its beginnings over a century ago, social work practice has focused on meeting basic human needs and developing human potential. Human rights and social justice serve as the motivation and justification for social work action.

India Power in solidarity with those who are disadvantaged has been making efforts to relieve and prevent hardship and suffering of the society and its people at large. The primary objective of all our activities and efforts is to focus on problem solving and bringing a fair change. With the motto to empower the marginalised and the less fortunate, to build a better nation and to add value to the society and its people, IPCL has plunged into Social Welfare activities coming out from the small radius of Corporate Social Responsibility.

This year IPCL focused primarily on certain sections which needs special attention from social workers, such as, Rural Development, Education, Health, Women Empowerment, Safe and Clean Drinking Water, Green Initiatives, Support to Senior Citizens, Recognition to Sports, Preserving the nation’s Culture and Heritage, Stretching out help during Disasters and Crisis, Skill Development Programs and Vocational Trainings.

Covering the geographic area of Haldia, Asansol, Ranigunj, Gaya, Bodhgaya, Manpur and Nellore India Power proactively indulged into honest efforts for the upliftment of the society and its people through activities like Vocational Tailoring Training for women, Training on Bangle making (Lahati), organizing Women Soccer Tournament, distributing Woollen Garments and blankets to the poor, donating water purifiers to communities and schools, organizing awareness programs on health, electricity theft, electricity conservation etc. offering scholarships, stationeries, computers to students and furnitures to schools, donating auto rickshaw and buses for easy transportation of women and students. Besides the company always proactively comes ahead to help the society whenever there has been a situation of emergency such as natural calamities, demonetization etc. IPCL have been also organizing Cleft Surgeries in association with Mission Smile, stretching out financial support to the Acid Survivors Foundation India for the welfare of the Acid attack victims, donating basic necessary items to the distressed and old widows and elderly people of the oldage homes and many more social welfare activities.

Our environment is part of our society, therefore, it is the duty of the citizens and responsible corporate to keep it clean and green. With this objective IPCL has built toilets in the rural areas and took initiatives to clean certain areas in Gaya which was done by the employees of Gaya with a noticeably enthusiastic spirit.

It is often said that employees are a company’s best ambassador and with this ideology India Power always strives to support their employees in all reasonably possible aspects. From the employees Health to Happiness the entire company has been moving forward as a Family. The responsibility towards society, homely atmosphere for the employees, a friendly work culture and approachable leaders makes India Power a unique organization and one of the favourite places to work in.

As we all know “Little drops of water makes the Mighty Ocean”, IPCL has been trying to collect the little drops through their social welfare activities and employee benefit programs so as to build the mighty ocean of happiness among the society and its people.