Sanjiv Goenka Group

Speaking at the conclave, RPSG Group Chairman Sanjiv Goenka said that over the last 15 years, the group has invested Rs 26,500 crore in the state

Sanjiv Goenka, Chairman of the RP-Sanjiv Goenka Group, on Thursday announced a capital expenditure plan totalling Rs 15,800 crore aimed at bolstering infrastructure across energy, education, and healthcare sectors in West Bengal. Addressing the Business and Industry Conclave 2025, here he praised the "decisive leadership" of West Bengal Chief Minister Mamata Banerjee, which facilitates rapid investment, and said his group has invested Rs 26,500 crore in the past years of her leadership. The cornerstone of the proposed investment is a revolutionary energy projecta massive 5,000 megawatt hours (MWh) storage facility at a cost of Rs 12,000 crore, Goenka said. He claimed that this project is anticipated to be one of the first of its kind in India. The immediate goal of this high-capacity storage is to enable the city of Kolkata to receive at least 50 per cent of its energy from renewable sources. If achieved, this proportion of renewable energy provision would be the first in the coun

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"We will take the concept beyond Mumbai and Kolkata to Delhi and Bengaluru as well," Goenka said

The rapidly rising cost of fuel, owing to the Russia-Ukraine crisis and demand-supply factors, is a short-to medium-term constraint, CESC Chairman Sanjiv Goenka has said. Goenka said in such a scenario, it is vital that power producers and distributors are able to expeditiously pass on purely the element of higher fuel cost through tariffs. Unfortunately, while this forms a part of each power supply contract, we still see reluctance of state governments and regulators to give their assent in a timely manner. This, in turn, negatively affects the financial results of power producers. I hope we will see considerably less of this reluctance in the years to come, he said in CESC's annual report for 2021-22. The chairman of the Kolkata-based power utility, however, said notwithstanding this limitation, he is optimistic about the future of power generation and distribution in India and better days for CESC. The company also said it failed to obtain higher tariff demand for 2018-19 and .

The group, with $4 billion in annual revenues, is also scouting for targets in power utilities as well as IT-enabled services, where it has already bought three companies in the past 12 months

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