Essel Group

Latest Franchise News,Franchise In India,Essel Group, India’s leading business conglomerate, is aggressively pursuing the development of smart cities in the country. After announcing plans for the states of Madhya Pradesh and West Bengal, the group has now brought Maharashtra into the list of states for development.

Targeting cities with population of more than 5 lakh, the group will be looking at markets like Pune, Mumbai, Nagpur, Nashik and Aurangabad with world class smart city developments in the next five years.

Speaking of the company’s vision, Subhash Chandra, chairman, Essel Group, said, “We see smart utilities as a blueprint for the future of smart and connected cities in India. We want to collaborate with the Maharashtra state government in delivering good governance and services to citizens and helping transform the way citizens will live, work, play and learn.”

Accordingly, the company will bid for turnkey projects in Maharashtra from planning and designing stage to funding and implementation of projects, in creating a smart city habitat.

Essel Group’s integrated utilities company – Essel Utilities & Distribution Company Limited (EUDCL) will focus on nurturing smarter communities across major cities in Maharashtra by undertaking projects in power and water distribution services, municipal solid waste management, sewage treatment, drainage and storm water management, city wi-fi, cable and broadband, city gas distribution and intelligent traffic management systems. These services will be offered through a single-window solution model based on SIPC (Smart Integrator and Principal Contractor) concept, thus delivering an all-in-one conduit to consumers. This will be a first-of-its kind concept where all utility services will be offered under one roof.

Essel group had committed to invest Rs 7,500 crore towards transforming five major cities of Madhya Pradesh into state-of-the-art smart cities and is evaluating development projects in infrastructure utility worth Rs 50,000 crore in the years to come. So far the group has invested Rs 5,000 crore for similar projects in Madhya Pradesh. According to the company management, projects of this scale will help generate employment opportunity to a huge number of people and transform the way cities and communities are designed, built and renewed to ensure economic, social and environmental sustainability.

Kamal Maheshwari, president, Smart City Business, said, “With our pioneering spirit of venturing in futuristic arena, Essel Utilities will work towards developing inclusive and smart cities in India with world’s leading eco-system partners, thus transforming the quality of life of citizens across cities. We are looking forward to closely work with the central and state government in formulating the governance and policy framework, and sustainable financial model for Smart Cities.”

Essel Utilities presently manages power distribution franchise in Sagar & Ujjain (MP), Muzaffarpur (Bihar) and Nagpur (Maharashtra). Shortly, the company will also be managing power distribution services for Gwalior in MP. The company also manages the water distribution franchise in Aurangabad (Maharashtra) and Bhagalpur (Bihar).



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