EESL expects capex deployment of ₹20,000 crore over next 3-4 years

Energy Efficiency Services Ltd expects to deploy a capital expenditure of ₹20,000 crore over the next three years.

Saurabh Kumar, Managing Director of EESL, said, “To meet this capital expenditure requirement over the next three years, we will need to raise debt of about ₹16,000 crore and equity of about ₹4,000 crore.”

“While the equity component will be partly met with promoters of EESL and for the balance equity, we may go in for an initial public offer over the next two years,” he said.

Speaking to BusinessLine during his visit to Hyderabad, Kumar said, “We have been growing at a rapid pace and the numbers show how we have grown over the years. In 2012-13, we had a modest start with revenues of ₹5 crore and this has shot up to ₹2500 crore in 2018-19. Over the next three years, we expect to take the revenues up from ₹2,500 crore to ₹10,000 crore.”