In Conversation with Mr. Paramjeet Singh Director ( Engg & Mrkt ) International Coil Ltd.
Let’s begin with a glimpse of your company’s presence and offerings in India?
International Coil Ltd (ICL) is well known company in the field of providing highly energy efficient solutions in the field of Heat Transfer, Cold Storages, carbon capture, Non electric Air-Conditioning and Renewable Energy solutions. ICL, supplied No Water cooling solutions to power generation for more than 30,000 MW. Cold storages, resulting into millions of tons of food preservation.
What have been some of the recent developments at your organisation?
During last 3 years ICL, did extensive research into development of Renewable Energy solutions by forming Joint Ventures with Natural Power Concept USA, for Pitre Auger Turbine (PAT), harnessing power from flowing water in rivers and canals. This project is encouraged by Honourable Chief minister of Haryana state, for capturing power from flowing water, due to large canal network in Haryana, and many other state governments following the same.
ICL also formed Joint venture with Regreen Technologies USA, for the most practical and efficient solution of converting Municipal Solid Waste (MSW) to Fuel, providing solution to the most complex problem of MSW in our country. Many contracts have already been signed for the implementation of these projects, taking operational shape in the year 2018.
ICL, Invested more than 30.0 crores for developing these technologies, process of adding many IP rights and technology patents to working conditions in Indian environment.
ICL also working in strategic alliance with University of Utah (UV), with Dr. Sheldon Hansen for development of technology “Hit mix” to drastically enhance the Heat Rate of fuel derived from MSW & Bio Mass. Results are encouraging and same shall be made available in the market soon.
Solutions developed are large benefits to Indian Industry for effectively converting Bio mass such as Rice Straws, wheat straws, Cotton stalks, corn cobs etc, to convert the same to Green coal, drastically increasing the Energy Density and average calorific value of 24 MJ/Kg. This shall replace coal usage in thermal power plants, reduce Sulphur emissions, freedom from import of fuel, resulting into larger savings.
Tell us a bit about the recent technology advancements in your sector?
Since, ICL is known for launching Innovative solutions to the end users, accordingly ICL recently cracked the code of capital cost of installing Solar Power plant in ponds, lakes. The cost works out to be almost similar as ground mounted Solar Power Plant, resulting into enormous advantages over ground mounted Solar Plants. ICL recently won India 1st order of 5.0 MW Floating Solar Power Plant for WBPDCL. This technology is launched along with strategic alliance with Ciel & Terre, France.
What are your growth plans for the Indian market? What are the milestones you wish to achieve by the end of this fiscal?
ICL’s, year 2018 starts with good amount of projects in hand of the present technologies and 250 MW Solar Power Projects are in the pipe line to be conducted in this year, both on EPC & PPA mode. Many International organisations are approaching us with attractive funding options for execution of such projects on the long run. Our target is to exceed Rs. 500.0 crore top line figure for the current year, followed by CAGR of 40 % till next 5 years.
What have been the latest trends in demand for your products & services in India? Where do you see the next demand growth coming from?
After successfully commissioning of many projects on waste to Air-Conditioning especially world’s largest project for Cyber City gurgaon, operating with gas based power plant, expansion of such projects was standstill during last few years due to non availability of gas at reasonable rates. Since, now gas is available in abundance, accordingly such projects are multiplying at a very fast pace. ICL evolves as most eligible company in the industry for such Combined Heat & Power (CHP) projects.
Simultaneously, due to drastic tenfold increase in demand of Renewable solution, ICL has diversified on a larger way towards the alternative energy solutions. And to take active participation is growth pattern of our country with vision US$ 5.0 Trillion economy 2025. This meticulous trend places our country on the fastest growing country in the world, encouraging business houses to work more on Innovative solutions.
Anything else you would like to add for our readers.
Yes, it’s quite evident that era of Indian growth gets back on its pace.
Since inception of civilization, India had been country full of Research, Innovation, modernisation and knowledgeable. Even, people in west have so high recognition & respect towards our Bhartiya Vedas.
St to mention : Today whole world realised, that 1 Hour of sunlight can give energy to entire earth for 1 year. Yet, Indian mythology & tradition of “Surya Namaskar” exists since eras.
So, It’s everlasting moment of celebration for us to Namaskar our natural resources and to enjoy energy in clean environment.
Further, Indian recognition have gained tremendous respect worldwide, especially during ongoing 21st century, this encourages us to enhance our position on global scale on Innovation and to harvest the outputs which were sown by our preachers. So it is our moral responsibility for providing the solutions, not only within our country, but to the entire world. Fortunately the environment going on in the county is the most appropriate for implementing Innovative solutions.