The Hiranandani Group, traditionally known for its iconic real estate developments, has made a significant leap into the energy sector, marking a bold diversification under the leadership of Darshan Hiranandani. Through its subsidiary, H-Energy (previously Hiranandani Energy), the group has invested a massive INR 3,500 crore into the oil and gas industry, signaling a major shift in its business approach.
In Maharashtra, H-Energy’s INR 17,000 crore investment in the Jaigarh LNG Terminal has been a game-changer for the company’s energy ambitions. The terminal is complemented by a 60-kilometer pipeline connecting the Dabhol and Jaigarh terminals, now fully operational. This strategic infrastructure project reflects the growing vision of Darshan Hiranandani, with his father, Niranjan Hiranandani, expressing confidence that this energy venture will surpass the group's real estate accomplishments within the next decade.
Darshan Hiranandani, in discussions about H-Energy’s strategic direction, outlined plans to scale the energy business rapidly. By attracting experienced professionals into senior roles, H-Energy is positioning itself as a competitive player in the dynamic oil and gas industry. His leadership emphasizes innovation and growth as key drivers for the company’s long-term sustainability.
Expansion and Future Vision
In addition to the Jaigarh LNG Terminal, H-Energy is pursuing further expansion. A new LNG facility is being developed at Digha in West Bengal, designed to supply natural gas to Kolkata residents via Bangladesh’s infrastructure. With approvals in place and operations set to begin soon, this ambitious project underscores the company’s commitment to meeting the growing energy demand in the region.
For H-Energy, these steps mark a crucial moment in the evolution of the Hiranandani Group. The diversification into energy signals a forward-thinking strategy focused on innovation, operational efficiency, and long-term growth. As H-Energy continues to expand, it is poised to become a key player in India’s energy sector, contributing to the country’s sustainable development with a futuristic approach to energy management and operations.
Comments