The future growth is envisioned through a careful mix of participation in Government & Private Tenders, and pursuing suitable merger & acquisitions opportunities
Based out of Kolkata, India, the Atha Group has over 6 decades of experience in the mining industry. The Group has been a pioneer of iron ore mining in Eastern India and is a reputed and established player in India with a turnover of more than Rs. 1200 Crore. Today it operates diversified businesses from Iron Ore, Power, Sponge iron, Calcined Petroleum coke and Renewable Energy. It has grown into one of the most consistent and prominent players in the Indian Renewable Energy Industry. Over the last decade, the Group has focused on business diversification and expansion consisting of multiple Solar & Wind projects portfolio which has significantly boosted its performance.
AMPL Cleantech is the corporate venturing subsidiary of Atha Group, having built a solar asset base of nearly 200 MW and another 200 MW in pipeline, the Group mission is to have a portfolio of 1000 MW by 2020.
To make renewable energy the leading contributor to the energy system, thereby offering an environment friendly sustainable ‘zero emission’ power supply through operational and managerial excellence and passion for people and community.
To become leaders in promoting and harnessing renewable energy for safe delivery. To continually strive to maintain excellence in development, installation, delivery and customer service for sustainable development.
Business Goals & Objectives:
We envision reaching a target of 500 MW solar power projects in next two years and 1,000 MW by the end of 2022. The renewable energy targets are also part of the India’s 2022 strategy for growth, in particular of its flagship initiative for a resource-efficient India, given their contribution to innovation, growth, jobs and security of energy supply. Expansion of our renewable portfolio represents our integrated element for growth, industrial innovation, leadership and competitiveness as well as for reducing emissions. Our activities also generate jobs, investment, infrastructure, lower energy costs and revenues for governments and local communities.
Creation of robust and efficient solar and wind energy assets with state of the art technology is the key contributor to sustainability. Having making its presence felt, in the ground mounted Utility Scale plants the group proposes to enter the ever growing rooftop solar segment and also the grid level energy storage solutions. The future growth is envisioned through a careful mix of participation in Government & Private Tenders, and pursuing suitable merger & acquisitions opportunities. Having established itself in India, the group is making forays into South Africa, Namibia and other parts of Asia Africa, Malaysia, Bangladesh & Sri Lanka.
The group has 8 operating solar power plants of total 165 MW capacity spread over the states of Rajasthan, Madhya Pradesh, Telangana, Karnataka & Maharashtra and about 12.5 MW wind assets in Maharashtra, Gujrat, Karnataka & Rajasthan. A 20 MW solar power plant is under construction in Karnataka and is likely to be commissioned by September 2017. A 200 MW solar power projects are in the pipeline in Tamil Nadu which will be commissioned by early 2019.
All these projects have been own under stiff competitive tariff bidding process against tenders floated by Central & State Power utilities who are the major buyers of electricity.
The Group deploys equipment and technology of highest standards which are certified by International Agencies and always works with ISO certified EPC Contractors to construct the projects in order to deliver value for its end consumers.
Team & Management
Members of the Atha Family namely, Shri Kishore Atha, Shri Dilip Kumar Atha, Shri Gaurav Atha, Shri Vishal Atha & Shri Bharat Atha holds the Directorship of the Group and are continuously guiding the Group’s growth strategy in various business verticals ably supported by Shri S.K. SARMA, Group President (Corporate Affairs) who plays an important role in overseeing and advising the Group on compliance, administrative, financial and strategic matters.
The Renewable Energy Business is led by Mr. Brijesh Gupta, CEO who is responsible for the REB as a profit centre and for the growth and development of the business across all formats of the Platform.
Mr. Gupta is ably assisted by Ravindra Gupta, Vice President-Projects, Subhendu Roy, Head-EPC & Design & Binay Goenka, GM-Commercial for its day to day functioning.
Mr. DR DOGRA, the company’s Independent Director is also the Managing Director & CEO of CARE Ratings for the last 8 years, with the company since inception in 1993 and has almost forty years of experience in the financial sector mainly in the areas of banking and credit rating.
Mr. VISHAL VITHLANI, Vice President (Finance & Strategy) is responsible for the entire Group’s fund raising and corporate strategy and structuring. He plays a vital role in strategic planning and financial analysis for the Group.
Customers & Projects
NTPC Vidyut Vitaran Nigam Limited (NVVN) & Solar Energy Corporation of India (SECI) are the major customers with an offtake of more than 50% of the energy produced. The balance consumers are the state utilities of Madhya Pradesh, Telangana & Karnataka. The company’s largest project of 2x100 MW is coming up in Tamil Nadu where the entire offtake has been assured by the state power utility.