As head of Power Grid, Indu Shekhar Jha’s role is crucial to achieving the government’s ambitious energy objectives.
There was practically a tradition at Power Grid to treat contractors with disdain and delay their payments. Jha was aware of the practice, having been director (projects) at the company since September 2009, and once he took charge, he determined to break it. “Power Grid engineers are not supposed to erect towers or lay transmission lines – it is all done by contractors,” he says. “Contractors are crucial to our functioning and should be treated like business partners. Payment delays to them in turn lead to delays in project execution. Now every month we clear bills of more than ₹2,000 crore. The advice to our people, engineers and contractors alike is – maintain standards, maintain transparency, focus on the goal and respect time schedules.”
This story is from the January 28, 2018 edition of Business Today.
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This story is from the January 28, 2018 edition of Business Today.
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