ReGen rides the wind
Business Today has an article on the Wind Energy sector with a special focus on the rise of ReGen Powertech (which is backed by PE investor Everstone and the Nuziveedu Seeds Group).
The Chennai-headquartered company's first project was a 50 MW wind farm in Karnataka's Chitradurga district, which was commissioned in September 2009. Since then, it has not looked back. In 2008/09, its first year of commercial operations, ReGen had modest revenues of about Rs 160 crore. That shot up to Rs 1,232 crore in 2010/11 and is projected to have crossed Rs 2,500 crore in 2011/12. "I've known the sector since I was 22," says the 48-year-old Khemka. His company's performance underlines just how well. In the last three years, Khemka has increased the firm's installation performance six times, revenues five times and profits 11 times. "Our order books are almost closed for this year," he says.
According to Indian Wind Turbine Manufacturers Association data for 2011/12, Tulsi Tanti's Suzlon Energy, in the industry for 16 years, remains No.1 with 1,180 MW of installed capacity. Yogesh Mehra's Enercon India is second, with 767 MW, while ReGen has risen to the third place with 416 MW. Gamesa Wind Turbines, the Indian arm of Spanish turbine maker Gamesa Corporacion Tecnologica, is fourth.
...To control costs, ReGen has been manufacturing turbines with more indigenous components. This, says Khemka, could save up to 35 per cent in costs.
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