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Abhijeet Group (Power Division)

Company Name: Abhijeet Group (Power Division)
OldName:
Group : Abhijeet Group
Address: Corp Office
Landmark Building, 6th Floor,
Wardha Road, Ramdaspeth,
City: Nagpur 440010 Maharashtra
Tel: 0712-7113400 / 401 / 402
Fax: 7113405
Mktg-Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
HR-Email :
Purchase-Email :
Brands Owned :

About the Company :


Abhijeet Power Limited is a power project development company in India. They are currently developing three thermal power projects with a combined installed capacity of 2,671.6 MW in the states of Maharashtra, Jharkhand and Bihar. They intend to sell the power generated from these projects under a variety of off-take arrangements, including long, medium and short term PPAs to state owned and private distribution companies, private power trading companies and industrial consumers, and on merchant basis.


Latest News :


Projects :

Abhijeet Infrastructure is planning to set up a Sponge Iron Plant (4x650 TPD, 0.70 Million TPA) alongwith Captive Power Plant (WHRB, 60 MW & AFBC, 30 MW) at Begnadih in Kharsawan in Saraikela- Kharsawan district of Jharkhand. Total land acquired is 121.4062 ha (300 acres). The project is estimated to cost Rs.

Latest Update :

Kaizn Power Ltd, a special purpose vehicle of Abhijeet group is setting up a 300 MW thermal power project in Visakhapatinam in Andhra Pradesh. The project cost is estimated at Rs. 16,440 million and is funded by debt: equity ratio of 4:1. The debt portion has been underwritten by UCO bank.

Latest Update :

The company has awarded the BTG contract worth of Rs. 6300 million to BHEL in March 2012. The project has yet to complete land acquisition. BHEL is going slow on equipment as the project is facing funding issues.

Corporate Power Limited (CPL) is a Special Purpose Vehicle of Abhijeet Group, incorporated in the year 2006 for the Group’s Power Venture exclusively in Jharkhand. The company is to set up 4x125 MW Thermal Power Project at Chitarpur in Latehar district of Jharkhand. The washery is located at a distance of about 1 km from the proposed plant. Project will be implemented in two stages. The land requirement is estimated as 362 ha. Requirement of washery middlings and coal will be 1.3 Million TPA each and will be obtained from Chitarpur Coal Block. Water requirement is 2200 m3/hr and will be met from Nagarnadiya and Dharmavati rivers. The total project cost is estimated at Rs. 26728 million. The BTG contract has been awarded to Bharat Heavy Electricals Ltd. (BHEL). The first phase of 540 MW was be completed in end of the year 2012 and subsequently Phase II of 2X270 MW had been initiated. Power Purchase Agreement with Power Trading Company (PTC) has already been accomplished whereby the company will be selling power to the power deficit states of the country. CPL`s total investment for the projects is Rs. 59 Billion.

Latest Update :

The power project is expected to be fully commissioned by April 2014. In addition, they are planning to develop another unit with installed capacity of 660 MW at Chandwa.

Jharkhand Electric Co. Pvt. Ltd (JECL) is the CESC-controlled company of the RPG group and Jas Infrastructure Co Ltd of Abhijeet group which have formed a joint venture company to manage the annual coal requirement of CESC's 1000 mega watt thermal venture in Jharkhand. The company is setting up a 1000 MW coal based thermal power project in Katikund village in Dumka district of Jharkhand. The project cost is estimated at Rs. 50,000 million and coal linkage was granted in November 2007. The Detail Project Report (DPR) has also been prepared.

Latest Update :


Personnel
Personnel
Manoj Jayaswal - Chairman & Mg.Dir
Abhishek Jayaswal - Executive Director
Abhijeet Jayaswal - Director
K Sambasiva Murthy - Dy. General Manager
Other Office Address
Plant Khaire Khurd Village (4 x 61.5 MW +16 MW D G Set) Khaire Khurd Nagpur Maharashtra
Plant Vizag Power Plant Visakhapatinam 530046 Andhra Pradesh

Products & Services Offered
EPC Contractor
Independent Power Producer

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