Interview with Mr. Brijesh Gupta CEO AMPL Cleantech Pvt. Ltd (A Corporate Venturing subsidiary of Atha Group)
Can you explain us about AMPL’s business model in India?
AMPL Cleantech is the corporate venturing subsidiary of Atha Group, India’s leading integrated mining and renewable company based out of Kolkata. Atha Group has over 60 years of experience in the Mining Industry. It is a diversified business house with interest in Iron Ore, Power, Sponge iron, Calcined Petroleum coke and Renewable Energy. AMPL Cleantech, group’s renewable energy arm has been performing consistently and became one of the most prominent players over the last decade.
Explain AMPL’s presence in India and the Technology that the company currently puts in use
The company has 9 operating solar power plants and wind power farms with capacity of 200 MW spread across Karnataka, Telangana, Maharashtra, Madhya Pradesh, Gujarat and Rajasthan.
Today we have one of the best technologies adapted across segments in order to cater to the best needs of our customers. As we win projects largely through a stiff bidding process of Central and State Power utilities who are also our major buyers of electricity, we follow the best in class technology to provide high quality output.
NTPC Vidyut Vitaran Nigam Limited (NVVN) & Solar Energy Corporation of India (SECI) are our major customers with an off take of more than 50% of the energy produced. The rest of the power has been bought by state utilities of MP, Telangana and Karnataka.
We have already bagged tender from the TN State power utility to buy 200 MW of power. It is one of our largest projects in the country and expected to be completed by end of 2019.
We deploy products and equipments and technology of the highest standards which are certified by International Agencies and works with ISO certified EPC contractors to build the projects and deliver quality and value for its customers.
What has been company’s growth strategy in the past?
As a part of the company’s growth vision, ‘to make renewable energy the leading contributor to the energy system and thereby offering an environment friendly sustainable zero emission power supply through operational and managerial excellence and passion for people in this country’ AMPL has been focusing more towards building organization talent.
Can you explain us about the company’s future growth plans, and strategy going forward?
AMPL has already built a solar asset base of over 200 MW and another 200 MW of solar power projects are in pipeline which are expected to be commission by the end of 2019. And we are aiming to achieve a target of 1000 MW by 2020. This is completely in sync with our Governments ‘India 2022 strategic growth plans’. For us the expansion of company’s renewable energy portfolio represents its integrated element for growth, industrial innovation, leadership and competitiveness as well as for reducing emissions. We aim to generate more jobs, investments, infrastructure, lower energy costs and revenues for government and local communities in the coming years.
We would continue to focus primarily on diversification, vertical and horizontal integration, organic growth and M&As. AMPL would continue to create robust solar and wind energy assets with the state of the art technology that will be a key contributor towards our sustainability. Company has already established its presence in the ground mounted Utility Scale plants and now would enter in to fast growing rooftop solar segment and grid level energy storage solutions.
We also believe that the future growth for the segment would come from a mix of Government and Private Tenders apart from the M&A route. We will follow a similar strategy for growth in our foreign operations such as South Africa, Namibia, other parts of Asia Africa, Malaysia, Bangladesh & Sri Lanka.
AMPL Cleantech is the corporate venturing subsidiary of Atha Group, India’s leading integrated mining and renewable company. AMPL Cleantech is into renewable energy and independent power producer; a developer of utility-scale ground-mounted solar and wind farms, with a successful track record of over 200 MW of solar and wind power projects. It envisages to contribute to increasing available energy supplies and proven technologies by investing in clean energy generation projects. Solar energy is increasingly competitive and accounts for a growing share of our energy portfolio. AMPL Cleantech, is targeting to add 200 – 300 MW to its solar portfolio in the current Financial Year and also looking forward to enter into rooftop solar solutions. India represents a strategic market for us due to its high levels of solar radiation, its electrical base load and consumption, its level of development and relative economic and investment stability within the region.
Profile of Brijesh Gupta
Brijesh Gupta is the CEO of AMPL Cleantech, a corporate venturing subsidiary of Atha Group. It is India’s leading, integrated mining and renewable energy company based out of Kolkata with projects spanning across the country. Brijesh is currently responsible for the company’s business operations, performance and transformation of businesses across segments through organic and inorganic means.
Brijesh has a work experience of over 25 years and a commendable track record of strategizing managing and execution of business plans for some of the top corporate houses in the country. In the past he worked with companies such as Lloyds Group, Raymond, ESSAR, Ispat and Adani Group. He has diverse experience in handling multiple sectors for corporates in India.
At Adani he was heading the P&L of the private sector coal trading business and Essar he was handling various roles, major being laying foundation for International foray in steel and mining sector as a Senior Vice President. He was also responsible for securitisation of the steel business raw material business plan and developing strategy for acquisitions and Joint ventures, due diligence and feasibility studies. Brijesh had played a larger role in Essar for the development of mining assets for allotted captive blocks in India and Middle East.
Brijesh is widely recognized for his management skills, organization building and performance oriented directives in the Industry.