As India moves aggressively toward its clean energy targets, few business leaders have contributed as significantly to this mission as Ratul Puri, the Chairman of Hindustan Powerprojects Pvt. Ltd. With a visionary mindset and a deep understanding of global energy trends, Puri has positioned Hindustan Power as a leading player in India's transition from fossil fuels to renewables.
Ratul Puri is an Indian entrepreneur and energy leader known for driving innovation in the infrastructure and power sectors. As the founding Chairman of Hindustan Power, he has consistently demonstrated a forward-looking approach to energy generation, particularly in solar power.
He studied engineering at Carnegie Mellon University and started his career in corporate India before launching his independent entrepreneurial journey. His contributions to India’s infrastructure have earned him a place among the country's most respected business leaders.
Hindustan Powerprojects Pvt. Ltd. is a diversified power generation company with operations across renewable (solar) and thermal energy sectors. Under Ratul Puri’s leadership, it has evolved into a globally recognized energy firm with operations in India, Europe, Japan, and the U.S.
The company focuses on:
Utility-scale solar power projects
Battery energy storage systems
Clean thermal power with environmental controls
Power trading and EPC services
Its goal is to ensure energy security while supporting the country’s sustainability ambitions.
Ratul Puri has laid out an ambitious roadmap to achieve 5 GW of renewable energy capacity over the next few years. This target is part of Hindustan Power’s long-term strategy to support India's commitment to achieving 500 GW of non-fossil fuel capacity by 2030.
Puri made an early bet on solar when the market was still skeptical. This bold move helped Hindustan Power become one of the earliest and most influential private sector solar players in India.
Recognizing the intermittency challenges of renewable energy, Hindustan Power under Puri has also invested in battery energy storage systems (BESS) and hybrid projects that combine solar, wind, and storage for more reliable power delivery.
Hindustan Power recently secured a 425 MWp solar project from the Uttar Pradesh Power Corporation Limited (UPPCL). The project was awarded via a competitive reverse auction process and marks a major milestone in Uttar Pradesh’s solar transformation.
In another landmark achievement, Hindustan Power signed a Memorandum of Understanding (MoU) with the Government of Assam for a Rs 620 crore investment:
100 MW Solar Power Plant
100 MW Battery Energy Storage System
Creation of over 5,000 man-days of employment in the state
These investments aim to boost Assam’s energy resilience and electrify underdeveloped regions sustainably.
India is the world's third-largest energy consumer. Under the leadership of Ratul Puri, Hindustan Power has aligned its goals with national missions like:
National Solar Mission
Make in India for solar components
Energy Storage Roadmap 2030
By executing projects in states like Uttar Pradesh, Madhya Pradesh, Tamil Nadu, and Assam, Hindustan Power is helping regional governments reduce their dependency on coal and diesel-based energy.
Each project not only delivers clean energy but also stimulates local economies by creating:
Direct and indirect jobs
Infrastructure development
Rural electrification
Hindustan Power is among the few Indian power companies with a truly global footprint. Under Puri's direction, it has implemented solar projects in:
Germany
Italy
Japan
United States
These international ventures bring in global best practices, financing models, and engineering capabilities that benefit Indian operations.
The company works with top global EPC contractors and equipment suppliers to ensure its projects meet the highest technical and environmental standards.
Ratul Puri’s leadership is rooted in long-term thinking and sustainability. He focuses on:
Strategic risk management
Predictable policy engagement
Technological adaptability
Puri fosters a culture of empowerment and innovation. His leadership team includes professionals with strong backgrounds in engineering, finance, and policy.
He is a recognized voice at forums such as:
World Economic Forum
International Solar Alliance events
Industry-specific climate policy panels
Puri promotes the idea that economic development and environmental protection can go hand in hand.
Hindustan Power, under Puri’s leadership, places great emphasis on inclusive and responsible growth:
Vocational training programs
Skill development in solar and energy fields
Women empowerment initiatives
Mobile health camps
School infrastructure support in remote project areas
Tree plantation drives
Wildlife and ecosystem preservation near project sites
In line with global trends, Hindustan Power has adopted ESG (Environmental, Social, Governance) benchmarks. The company is transparent in its reporting and is committed to:
Reducing its carbon footprint
Ensuring fair labor practices
Maintaining board-level accountability for ESG goals
Acquiring land for solar parks and navigating state-level regulations remain challenges. Puri addresses this through early stakeholder engagement and flexible project design.
Power tariffs in India are subject to frequent changes. Hindustan Power uses long-term Power Purchase Agreements (PPAs) to ensure revenue predictability.
Renewable projects demand significant upfront investment. Puri has successfully leveraged both domestic and international financing, often through green bonds and structured debt instruments.
Ratul Puri has received multiple accolades for his contributions to the energy and infrastructure sector:
Entrepreneur of the Year (Energy) – Entrepreneur Magazine
India’s Most Inspiring Business Leaders – Economic Times
Clean Tech Innovator – Business Today
These honors validate not just his success in business, but also his role in building a sustainable future.
Puri has hinted at exploring opportunities in green hydrogen as the next phase of Hindustan Power’s clean energy strategy.
With India’s electric vehicle market growing, there’s potential for the company to expand into solar-powered EV charging stations.
Leveraging IoT and AI for smarter energy distribution is another area of future interest for Hindustan Power.
He is the Chairman and founding leader, setting strategy, policy, and sustainability goals.
The company aims to reach 5 GW of renewable energy capacity in the next few years.
Through CSR efforts in education, employment, healthcare, and electrification.
Expansion into green hydrogen, EV infrastructure, and global partnerships.
Ratul Puri, as Chairman of Hindustan Power, is a key architect of India’s renewable revolution. Through strategic vision, technology integration, and unwavering commitment to sustainability, he is not only driving corporate growth but also contributing meaningfully to India’s climate goals.
From remote villages in Assam to international solar projects in Europe, the ripple effects of Puri’s leadership are evident. As India pushes toward a greener, more resilient energy grid, leaders like Ratul Puri will continue to illuminate the path forward.