India’s infrastructure sector requires around US$200 billion of investment to achieve its desired growth. The person championing this advancement in the country is Harsh Shah, the CEO of India’s first power infrastructure investment trust, India Grid Trust (IndiGrid).
“IndiGrid contributes to India’s infrastructure sector, resulting in the social and economic development of the nation,” he says. “We exist because we operate our assets well. We select good projects and offer our investors a stable platform to invest in India.”
IndiGrid, established in late 2016 by its sponsor Sterlite Power Grid Ventures Limited, is the largest listed platform for operational power transmission assets in India. The business currently has nine projects on the go, plus a network of 20 power transmission lines covering 5,800 circuit kilometres as well as four substations of 7,735 MVA capacity across 13 states in India.
The business was listed in 2017 and, in August 2018, Harsh was appointed CEO, promoted from the CFO role he’d been in since 2016. He came equipped with a Bachelor of Electrical Engineering from Gujarat University and a Master of Business Administration from the National University of Singapore, plus ample experience in the infrastructure sector, including a stint as CFO of Sterlite Power.
This story is from the June 2020 edition of The CEO Magazine India.
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This story is from the June 2020 edition of The CEO Magazine India.
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