Latest news with #RohitChandra
Time of India
31-07-2025
- Business
- Time of India
OMC Power aims 1,000 MWp RE portfolio with ₹4,000 cr investment
OMC Power , a Gurugram-based clean energy firm backed by Japan's Mitsui & Co and Chubu Electric Power, is planning to develop a 1,000 megawatt peak (MWp) renewable energy portfolio over the next three to five years, according to a report by news agency PTI. The projects require an estimated investment of ₹4,000 crore representing a 10-fold increase from its current operational capacity of 100 MWp. 'OMC Power is scaling rapidly with the ambition to build a 1 GWp clean energy portfolio spanning north and central India,' said Rohit Chandra, MD & CEO, OMC Power. Strategic expansion across four verticals Rooftop solarisation for healthcare (600 MWp) : A substantial 600 MWp is earmarked for rooftop solar projects , primarily targeting customers in the healthcare sector. The company currently operates 75 MWp in this segment. Green energy for telecom (200 MWp) : The company plans to add 200 MWp to its green energy solutions for telecom tower companies, building on its existing 15 MWp capacity in this vertical. Smart grids for rural areas (100 MWp) : To further serve rural communities, OMC Power will expand its smart grid initiatives by an additional 100 MWp, increasing its current operational capacity of 10 MWp in this area. Solar EPC for MSMEs and C&I (100 MWp): The company will also add 100 MWp in the solar engineering, procurement, and construction space, catering to micro, small, and medium enterprises and commercial and industrial customers. This segment currently stands at 5 MWp. These projects are planned for various states, including Uttar Pradesh , Uttarakhand, Madhya Pradesh, Bihar, Jharkhand, Assam, and other northeastern states.
Economic Times
30-07-2025
- Business
- Economic Times
OMC Power to invest Rs 4,000 cr to build 1k MW clean energy portfolio in 3-5 years
TIL Creatives Renewable energy production OMC Power is looking to build up a renewable energy portfolio of 1,000 MWp with an investment of Rs 4,000 crore across various locations in the country, the company's MD & CEO Rohit Chandra said. The homegrown entity which is backed by Japanese like Mitsui & Co. and Chubu Electric Power, aims to set up these capacities across four business verticals over the next 3 to 5 years. In an interaction with PTI, Chandra said, "OMC Power scaling rapidly with the ambition to build a 1 GWp clean energy portfolio spanning north and central India." When asked about investments, he said the company's ambitious plan will involve around Rs 4,000 crore investment. It will be a 10 times rise in capacity from 100 MWp (mega watt peak) operated at present, over the next three to five years, the CEO said. Sharing a break-up of the planned 1 GWp (gigawatt peak) or 1,000 MWp capacity, Chandra said around 600 MWp will be achieved from rooftop solarization for customers in healthcare space where it has a capacity of 75 MWp. Around 200 MWp will be added in its green energy for telecom vertical where the company supplies power to tower companies from 15 MWp capacity. To serve rural areas, the company plans to add another 100 MWp in smart grids where it has 10 MWp of operational capacity. OMC Power will add 100 MWp in solar EPC space for MSME and C&I (Commercial and Industrial customers) customers from 5MWp. All these projects will be worked out in Uttar Pradesh, Uttarkhand, Madhya Pradesh, Bihar, Jharkhand, Assam, and northeastern states. When asked about source of investments, Chandra said, "We have decided to move ahead with the plan as OMC Power has turned profitable. The capacity addition plan will be funded through internal accruals, some portion will come from existing Japanese investors and through debt from financial institutions." As per company information, OMC Power has reported a Profit After Tax (PAT) of Rs 0.48 crore in Q1 FY26, marking a positive turnaround after several consecutive quarters of losses.
Time of India
30-07-2025
- Business
- Time of India
OMC Power to invest Rs 4,000 cr to build 1k MW clean energy portfolio in 3-5 years
OMC Power is looking to build up a renewable energy portfolio of 1,000 MWp with an investment of Rs 4,000 crore across various locations in the country, the company's MD & CEO Rohit Chandra said. The homegrown entity which is backed by Japanese like Mitsui & Co. and Chubu Electric Power, aims to set up these capacities across four business verticals over the next 3 to 5 years. Explore courses from Top Institutes in Please select course: Select a Course Category Management others MBA MCA healthcare Product Management Project Management Others Finance CXO PGDM Technology Leadership Data Science Public Policy Data Analytics Artificial Intelligence Design Thinking Healthcare Digital Marketing Cybersecurity Data Science Degree Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details In an interaction with PTI, Chandra said, "OMC Power scaling rapidly with the ambition to build a 1 GWp clean energy portfolio spanning north and central India." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now When asked about investments, he said the company's ambitious plan will involve around Rs 4,000 crore investment. It will be a 10 times rise in capacity from 100 MWp (mega watt peak) operated at present, over the next three to five years, the CEO said. Live Events Sharing a break-up of the planned 1 GWp (gigawatt peak) or 1,000 MWp capacity, Chandra said around 600 MWp will be achieved from rooftop solarization for customers in healthcare space where it has a capacity of 75 MWp. Around 200 MWp will be added in its green energy for telecom vertical where the company supplies power to tower companies from 15 MWp capacity. To serve rural areas, the company plans to add another 100 MWp in smart grids where it has 10 MWp of operational capacity. OMC Power will add 100 MWp in solar EPC space for MSME and C&I (Commercial and Industrial customers) customers from 5MWp. All these projects will be worked out in Uttar Pradesh , Uttarkhand , Madhya Pradesh, Bihar, Jharkhand, Assam, and northeastern states. When asked about source of investments, Chandra said, "We have decided to move ahead with the plan as OMC Power has turned profitable. The capacity addition plan will be funded through internal accruals, some portion will come from existing Japanese investors and through debt from financial institutions." As per company information, OMC Power has reported a Profit After Tax (PAT) of Rs 0.48 crore in Q1 FY26, marking a positive turnaround after several consecutive quarters of losses.
