Joining Hands For PowerUtility Powertech Ltd. (UPL) is a joint venture company that was formed by National Thermal Power Corporation Ltd. or NTPC, which is a semi-government enterprise and Reliance Energy Limited or REL which is a private company owned and run by the Reliance Group.
Formed in 1995, the main functions of Utility Powertech Ltd. comprise construction, operation and maintenance of power projects. The company, which merges the features of public and private sector, also provides consulting services and value added services.
UPL plays a significant role in the power and energy sector of India. It provides a variety of services and also concentrates on the generation of non-conventional sources of energy. Reliance Power is a power organization which undertakes the planning and execution of power projects in India as well as abroad and also provides consumer services. A REL undertaking, UPL too has made a place for itself in the power sector of India.
UPL ServicesThe services of Utility Powertech Ltd. are wide ranging and include facilitating projects related to power and infrastructure. The primary function of UPL includes construction and management of power projects. Besides, it also concentrates on other services related to power projects like O & M or operation and maintenance and R & M or renovation and modernization. It also contributes in the distribution sector by installing transmission and distribution lines. UPL services are as follows:
Since its formation, UPL has been developing steadily and doing good business. The efforts of Utility Powertech Ltd. yielded huge turnovers. The turnover in the years 2003-2004 was Rs. 8595.14 Lakhs. In 2004-2006 it was Rs. 11091.99 Lakhs and in 2005-2006 it was Rs. 14135.64 Lakhs. The profits in the same years were Rs. 550.23 Lakhs, Rs. 904.16 Lakhs and Rs. 1024.42 Lakhs respectively. Thus, it can be noticed that the revenue of UPL kept rising and today, it is one of the major players in the power sector.
Reliance Power, along with NTPC, has created a strong platform for the development of UPL as a company for providing solutions in the power sector. With an objective towards providing total customer satisfaction and quality service, UPL offers services for the growth and development of the power and infrastructural sector in India.
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