According to reports, the $16-billion Mahindra group is set to enter the wind power business in India.
The group is not at the moment revealing its plans, though.
“It is in a little confidential stage,” says Parag Shah, Managing Partner at Mahindra Partners and Head of Mahindra Cleantech Ventures. “It is work-in-progress,” he says, without giving out more details.
What is clear is that the group, which has major ambitions in the ‘cleantech’ space, will not get into manufacturing. That is, it is highly unlikely that there will be ‘Mahindra’ wind turbine.
As Shah put it, in another context, in a chat with Business Line recently, Mahindra “generally speaking, would not want to be technology players. We want to be good systems integrator players as there are enough good technologies across the world and you could choose horses for courses and focus on execution.”
Since Shah also said that “nothing stops Mahindra EPC” (which today builds solar power plants for customers within and outside the group) from becoming a “large green EPC player”, the idea is presumably that Mahindra would get into undertaking turnkey jobs for developing wind farms.
This rings a bell. L&T is another company that is toying with a similar idea.