Darshan Hiranandani, MD & CEO
The need to create and contribute is a continuous process at the Hiranandani Group. At H-Energy we take forward our vision in the energy sector with the creation of re-gasification infrastructure in both the west and east coast of India, along with cross-country pipeline infrastructure to bring gas to new markets.
This vision will boost the economic development of these regions through the supply of natural gas to a host of industrial consumers, besides benefitting the common citizen through this clean and environment-friendly fuel.
We firmly believe that clean energy infrastructure development is an immediate requirement for the country and at H-Energy we are willing to make long term commitments to take the path of sustainable development. We intend to create long term partnerships with gas consumers and LNG suppliers to create a win-win model for the sector.
H-Energy operates under the firm belief that organizations should focus as much on sustainability and social responsibility as on pure business performance. It is important for us that our corporate social responsibility initiatives have a positive impact on our employees and the communities in all the areas we operate.
To meet the challenges ahead and fulfill all our stakeholders’ expectations, we have structured the company’s strategic initiatives, embracing sustainable business practices, focusing on enhancing customer experience, operational efficiency and people development. We will continue to grow the business organically as well as inorganically, focusing on LNG infrastructure development starting with India.
H-Energy Private Ltd. was established in the year 2009 with a vision to contribute to the economic growth of the country by offering world-class, environmentally safe and sustainable energy solutions.
H-Energy is currently developing LNG re-gasification terminals and cross-country pipelines on the west and east coast of India. H-Energy through its marketing arm is also offering end-to-end natural gas solutions including LNG sourcing, re-gasification facilities, downstream deliveries based on customer preference.
H-Energy’s pioneering regasification infrastructure projects will ensure a regular and sustainable supply of clean, environment-friendly natural gas fuel at strategic locations on the east and west coast of India. The business model adopted for both of the projects will have a fine balance of merchant and tolling models, and customers who opt for the tolling model will be required to book regasification capacity in the project.
Our Vision and Strategy
‘To be the force that drives India's economic growth by offering world-class, environmentally safe, socially responsible and sustainable solutions that will enrich the lives of the Indian people.’
Strengths that set us apart
H-Energy is setting up an LNG re-gasification project at Jaigarh port in the State of Maharashtra. The project will be implemented in 2 phases. Phase – I will consist of a jetty based FSRU of approx. 4 mmtpa capacity, which is expected to start in the second quarter of 2018. Phase-II will consist of a land based regasification terminal with an ultimate capacity of 8 mmtpa.
H-Energy has also made considerable project in setting up an offshore FSRU based LNG re-gasification facility located in the offshore Digha region of West Bengal on the east coast of India. This project was awarded to H-Energy in August 2015 through a bidding process followed by the Kolkata Port Trust (KoPT). The FSRU will have a regasification capacity of ~ 3 MMTPA and is scheduled for commissioning by June 2019.
In March 2015 H-Energy had proposed two natural gas pipelines on the West Coast and East Coast of India by submitting Expressions of Interest to the Petroleum & Natural Gas Regulatory Board (PNGRB). After following the due process, the PNGRB invited bids for both of these pipeline projects in March 2016 and the projects are expected to be awarded to the successful bidders by May 2016.
Through H-Energy’s planned LNG Re-gasification terminals on the east and west coast of India, the Company intends to deliver a host of reliable marketing services in the entire LNG value chain, and provide cost-effective and technically viable long-term solutions through short-term/long-term contracts related to LNG Sourcing, Tolling Agreements, Aggregation Services and R-LNG supply, to downstream customers etc. Initially, the Company will cater to the states of Karnataka, Maharastra, Gujarat and North India through the West Coast Project and pipeline linkages. Similarly for the East Coast Project, the target states will be West Bengal and Odisha, with future plans to extend to other adjacent states. H-Energy is also actively pursuing opportunities in inter-regional gas trade.
Directing H-Energy’s large and greatly motivated team are names that speak of unique vision and years of experience:
Managing Director of the Hiranandani Group and Chairman of the H-Energy Group, Niranjan Hiranandani is a commerce graduate from Sydenham College, Mumbai, with a Fellowship from the Institute of Chartered Accountants of India. He holds key positions in Indian government bodies, private and social institutions, schools, and colleges. He is Chairman of the Real Estate & Housing Committee and Immediate President of the Indian Merchants Chamber: Advisor to the Real Estate Committee of Federation of Indian Chambers of Commerce & Industry; Member of Advisory Council of National Real Estate Development Council; Chairman of Priyadarshini Academy; on the Board of Trustees of Nathdwara Temple; Managing Trustee of Hiranandani Foundation school; Member of the Central Governing Council for SEZ’s & EOU (Ministry of Commerce – Government of India); Trustee and President of Hyderabad (Sind) National Collegiate Board, with 22 educational secondary and higher secondary schools, polytechnics, degree and post-graduate colleges.
Earlier, he was President of the Maharashtra Chambers of Housing Industry; Member of the Task Force for reforms in Housing & Urban Development of the Government of India; Member of the Study Group on Slum Rehabilitation Scheme, Government of Maharashtra; Convener of the Key Group representing the Business Community in the United Nations Conference on Human Settlements (HABITAT II); and Chairman of the Mumbai Committee of the Ford Foundation in collaboration with the Vera Institute of Justice for initiating Police-Private Industry Collaboration and for improving professionalism among the Police in India.
Mr Darshan Hiranandani leads H-Energy – the energy venture of the Hiranandani Group – one of India’s largest residential developers. Mr Darshan holds a Masters degree with a major in Entrepreneurship and Finance from the Rochester Institute of Technology, USA. Under his able leadership the Company has ventured into LNG regas terminals and natural gas pipeline projects in India. The Company also plans to develop an LNG liquefaction project and crude oil infrastructure in Canada.
Mr Darshan started his professional career pioneering the development of 23 Marina, a 90 storey, 400m residential tower in Dubai – the world’s 3rd largest residential tower – which generated more than US $250 Million in revenues. As part of the Board of Directors of the Hiranandani Group, Mr Darshan’s achievements also include the establishment of the Dr. L.H. Hiranandani Hospital, which won the coveted Ramakrishna Bajaj Award for the best hospital in India.
Director of multiple Hiranandani Group Companies and core member of the Indian Merchant Chambers and the World President’s Organisation, Kamal Hiranandani is integral to the Hiranandani Group. A commerce graduate from Sydenham College of Commerce and Economics in Mumbai, she has been actively involved with The Group for over three decades.
A Chemical Engineer with a Masters in Marketing from JBIMS, Mr Banerjee is a renowned figure in the Oil & Gas Industry and has over 40 years of experience. Ex-Chairman & Managing Director of GAIL, he was also a Director at IOCL, and worked at Mahanagar Gas Limited, Indraprastha Gas Ltd and the Kandla Port trust in senior Management positions. He has been associated with the H- Energy Group for the past 6 years, leading the Business Development and Regulatory, and Policy Advocacy functions.
A Chemical Engineer, he did his Masters from Henley Management College. He has over 36 years of experience in the Oil and Gas industry. He has also worked with reputed companies like GDF Suez exploration, Cairn Energy, BG, Fluor, Kvaerner Process Ltd and other well-known companies in India, France, the Middle East and more. Currently Mr. Marriott is involved with the technical execution of H-Energy projects.
A Law graduate from Lucknow University with a Masters in Finance from Bhopal University, he has over 30 years’ professional experience with large conglomerates. He has held senior positions in the The State Government, the State Bank of India, and Indian and MNC companies handling projects, project finance and legal issues. Mr. Naresh has been associated with H-Energy for the past 5 years and spearheads the legal function.
A Chartered Accountant & Management Graduate, he has over 20 years’ comprehensive experience across various sectors including oil & gas and management consultancy. His work experience has been across different industrial verticals including oil & gas, power, infrastructure, media & entertainment, real estate, etc. and has been in the oil & gas industry for over 15 years. His diverse range of assignment experience includes business optimisation, private equity & public offerings, corporate restructuring, mergers & acquisitions, project development, corporate entry strategies etc. He has been with H-Energy since 2011, currently heads the Strategy, Corporate Planning, Risk and Governance function and has been closely associated with the management for crucial investment decisions. Prior to joining H Energy, Chirag has held key posts in Business Development, Regulatory, Commercial and Strategic aspects of E&P projects with Reliance Industries Limited, and was involved with the execution of various Upstream and Midstream projects including the KG D6 Deepwater field.
A qualified Chartered Accountant, he has over 20 years’ domestic and international experience in Accounts, Tax, Finance, Audit, Budget, and Planning & Governance with Corporate giants like GSPC, BG and HPCL. He leads the Finance and Accounts division of H-Energy, and controls the entire accounting & financial divisions.
A Mechanical Engineer from NIT, Allahabad, he has over 20 years’ experience in handling procurement & contracts in the Oil & Gas sector – both upstream and downstream – among both clients and EPC companies. He has worked with reputed companies like BPCL, BG, Leighton etc. He has worked to establish Greenfield platforms, pipeline projects, brownfield modification (onshore/offshore), installations, cross country pipelines, LPG plants and depots. Currently, he heads the Procurement and Contracts function at H-Energy.
An Electronics Engineer with a Masters in Marketing, he has over 18 years of experience in trading & marketing of energy commodities. In the early part of his carrier he was involved in the trading of crude oil and petroleum products, however he has been looking after in LNG sourcing and trading activities for the major part of his carrier so far. He has worked with reputed multinational companies in the Oil & Gas sector and has an extensive track record in LNG trading and market development of LNG receiving terminals. He leads the Origination, Trading and Marketing function at H-Energy and is responsible for LNG sourcing and gas marketing activities in the company. He is additionally responsible for natural gas pipeline market development and corporate communication for the company.
Mr Janawade has a Masters in HR from Mumbai University and a PG Diploma in Marketing from Somaiya Institute of Management studies. He has completed the residential leadership program from ISB and has around 15 years’ experience in HR – including being a Strategic Partner to SBUs, Talent Acquisition to PMS, Employee Relations and Employee Engagement. He has been associated with H-Energy for the past 10 years, where he currently heads the Human Resource, and Admin & CSR functions.
With about 15 years’ experience in areas such as Corporate Strategy & Governance, Financial & Investment Analysis; Business Development, M&A, Risk and Commercial Negotiations, Mr. Dusane has been part of diverse energy and chemicals businesses throughout his career. Prior to joining H-Energy in February 2016, he was associated with Sasol India as Country Business Manager responsible for Sasol’s interest in its Coal-to-Liquid JV with Tata’s as well managing cross-functional team at its India office. Earlier, he was associated with Reliance Industries (Corporate Strategy & Planning at Chairman’s Office), Morgan Stanley and SIDBI Venture Capital. Mr. Dusane holds a Master in Business Administration Degree from Narsee Monjee Institute of Management Studies, Mumbai and B.Tech (Chemical Engineering) from UDCT, Jalgaon.
A Chemical engineer from Panjab University, Chandigarh, about 35 years of experience in Hydrocarbon Industry including more than 16 years of experience in LNG industry. Previously worked for Petronet LNG Limited as President (Technical) and as Chief Engineer (Process) for Stork Engineering and Contracting Group at Kuala Lumpur, Malaysia. Started the carrier with Engineers India Limited as a process engineer and worked for almost 15 years for various projects in the field of Petrochemicals (mainly ethylene plants), Refineries and Oil & Gas installations.
A Chemical Engineer from Harcourt Butler Technological Institute, Mr Bhattacharya has 23 years of varied experience. Currently Vice President – BD (Oil &Gas) at H-Energy, he was earlier with Gujarat Gas Co Ltd as Sr Vice President- Bharuch GA, entrusted with managing the Pipeline and Facility Construction, Operations and Maintenance of the Transmission and Distribution (T&D) network, City Gas stations, Terminal Compressor station, CNG stations, 600+ industrial customer installations, and 85000+ domestic customer installations of Bharuch District. He has handled many responsibilities in Asset Integrity, Project Management, Regulatory Affairs, Network Design & Planning, and Operations & Maintenance. He has led the Business Expansion technical team on regulatory bid preparedness for the BG Group, for various CGD projects in India (incl ProjectTiger- Hyderabad, Bangalore, Chennai CGD networks; and Project Spider in 7 cities of northern India.)
An industry veteran with over twenty-two years of experience in Project and Business Management in Oil & Gas offshore infrastructure development. He has worked with companies like Leighton, McDermott, Clough, MDL in EPCI contracting environment in India, Middle East, and South-East Asian countries. He has spearheaded project management of offshore projects and has been responsible for profit and loss along with various other facets of business such as planning, scheduling & budgeting, control of engineering, procurement & construction, finalization and coordination with contractors, supervision and allocation of resource, assurance around project HSE and quality management.
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