We believe that Renewable Energy is the call of the hour. It is the only solution to the rising shortage of energy in today's world. Therefore, the Group is extending its vision towards Renewable Energy Generation. Initially, the Group proposes to generate Renewable Energy for consumption in its textile units in Madhya Pradesh. Gradually, however, the Group will encompass the other segments of renewable energy to emerge as an Independent Power Producer.
Besides its generation activity, the Group also proposes to venture into Power Trading. This involves a transaction wherein the price of power is negotiable and options exist regarding whom to trade with, for what quantum and price. This provides economic efficiency and security of power supply for the consumers. It also looks for Optimization of Generation and Distribution assets by reducing discrepancies in demand and supply.
Few companies have made their presence felt in the market in any other field except Mega Capacity Generating. The group proposes to change the scenario by making its mark in the Electricity Market as a Leader.
The Company has taken its early steps in this direction. It is in the process of obtaining an inter-state trading licence from the Central Electricity Regulatory Commission to commence the commercial interaction with the power market entrepreneurs.