NIDAR UTILITIES PANVEL LLP
Nidar Utilities Panvel LLP (“NUP LLP”) is a Limited Liability Partnership established in 2015 with Nidar Utilities and Infrastructure Pvt. Ltd. (“NUIPL”) and Persipina Developers Private Limited (“PDPL”) as partners. NUP LLP under a Co-Developer Agreement with PDPL shall operate and maintain all utility services including Distribution of Power at Hiranandani Fortune City – a SMART township being developed by PDPL at Panvel, District Raigad, Maharashtra under the brand name TUCO.
The Hon’ble Maharashtra Electricity Regulatory Commission has taken on its record NUP LLP's Deemed Distribution Licensee status for Distribution of Power within the SEZ.
NUP LLP under the brand TUCO, shall operate and maintain the entire Power Distribution Network to ensure reliable power supply at attractive rates for industrial, commercial and residential consumers at Hiranandani Fortune City, Panvel
Message from our CEO
Darshan Hiranandani, MD & CEO
It is with great pleasure that I write to you at this exciting moment in the Infrastructure business of the TUCO.
With India at the cusp of revolutionary growth in infrastructure creation to match the pace of its overall development, the vistas of opportunity for our business are immense indeed. It was, in fact, the massive growth potential we saw in this segment that inspired us to make this strategic foray, which we felt had complementary synergies with our existing real estate business. We found our civil capabilities well aligned to the needs of infrastructural development and hence decided to venture into this fast evolving sector.
Moving expeditiously from developing basic infrastructure, such as roads, telecommunication network, water supply, gas distribution, electricity distribution and solid & waste water management, we have now evolved into an organisation equipped to drive future centric infrastructural development that will catapult India onto the global platform of progress. This strength has enabled us to move towards exploring opportunities in the nationalised large-scale infrastructure projects including smart townships that use modern technologies to empower residents, thereby making life convenient and preserving the environment.
It is estimated that, over the next 10 years, India would require investments to the tune of USD 1.5 trillion to bridge its infrastructure gap. Given the strengths we have already developed in this segment, we are ideally positioned to explore the new opportunities and emerge as a reputed infrastructure major, contributing extensively towards the economic development of the country and improving the lives of its citizens.
While all facets of infrastructural development will be on our future growth agenda, smart cities solar power will be central to our strategy in the coming year in view of the government impetus to the same.With large government investments lined up this area, we intend to pursue an aggressive strategy to establish our leadership in these segments.
In smart cities, it shall be our focussed endeavour to facilitate community living in an environment where residents have easy access to comprehensive facilities, including efficient public services and mobility options, safety, advanced healthcare, better communication, renewable power, clean environment, efficient waste management, smart utility management and e-governance, through use of advanced technologies.
The future beckons with a lot of potential, which we are effectively poised to harness at the back of our intrinsic strengths, spanning a strong balance sheet, manpower resources, technological prowess, process skills, experience and expertise. With qualified and experienced professionals to drive our growth plans, I am confident that the infrastructure business will play a pivotal role in furthering the Group’s progression in the coming years
Our Vision and Mission
Our Core Values