Nagarjuna Hydro Energy Pvt. Ltd.
Winner of India 5000 Best MSME Awards 2025
Nagarjuna Hydro Energy Pvt. Ltd.
Winner of India 5000 Best MSME Awards 2025
Details
Nagarjuna Hydro Energy Pvt. Ltd.
Private Limited Company
Renewable Energy & Power
Renewable Energy Venture Dedicated To Generating Clean And Sustainable Small Hydroelectric Power.
2010
100
Rangareddy
Hyderabad - 500081
Telangana
Introduction
Nagarjuna Hydro Energy Private Limited (NHEPL), a part of the Paschim Group, is a renewable energy enterprise committed to generating clean and sustainable small hydroelectric power. The company’s 15 MW small hydro project, commissioned in 2010 on the Balekallu Hole River— a tributary of the Nethravathi—near Maranhalli Village in Sakaleshpura Taluk, Hassan District, Karnataka, embodies its vision of integrating renewable energy generation with environmental stewardship and technical excellence.
The project operates with two 7.5 MW turbines, a 123-meter design head, and a 1.5 km Head Race Tunnel, supplying power to the Government of Karnataka through the Karnataka Power Corporation grid under a long-term Power Purchase Agreement. The turbines were supplied by Andritz (New Delhi), the generators by WEG (Brazil), while the design was executed by BHEC. The civil works were carried out by Nechupadam Constructions, and hydro-mechanical works were completed by GMW Baroda.
For the financial year 2025, India Ratings assigned NHEPL a rating of A- (Stable), reflecting the company’s financial stability and operational strength. The project was financed by the Indian Renewable Energy Development Agency (IREDA), New Delhi, reaffirming institutional confidence in its long-term sustainability.
NHEPL provides employment to around 100 people and supplies dependable green energy to more than 70,000 households across Karnataka. The company actively contributes to environmental conservation, having planted over 6,000 trees around the plant to promote biodiversity and ecological balance. It holds ISO 9001:2008 and OHSAS 18001:2007 certifications, ensuring adherence to high standards of quality, safety, and operational compliance.
Guided by the principle of inter-generational equity, NHEPL remains dedicated to preserving the environment for future generations. It consistently fosters ecological awareness among stakeholders, partners, and employees, contributing significantly to India’s clean energy transition and the socio-economic development of rural communities.
Managing Director Details
Mr. Srinivas Movalla
MBA (USA)
Mr. M. Srinivas serves as the Promoter and Managing Director of the Paschim Group, a renewable energy enterprise dedicated to developing small hydro and solar power projects. With more than 25 years of experience across the infrastructure, fertilizer, and power sectors, he has been the key driving force behind the Group’s expansion and diversification. His visionary leadership has positioned Paschim Group as a prominent contributor to India’s clean energy transformation and sustainable development efforts.
An MBA graduate from the USA, Mr. Srinivas blends international business acumen with in-depth knowledge of the Indian industrial landscape. His professional journey includes leadership roles in esteemed organizations such as Nagarjuna Steels, Nagarjuna Fertilizers, KVK Energy, and Bhagiradha Chemicals, where he gained comprehensive experience in industrial operations, project finance, and strategic management.
Under his dynamic leadership, Paschim Group has successfully established and managed multiple renewable energy ventures, including Nagarjuna Hydro Energy Pvt. Ltd. (NHEPL), Paschim Hydro Energy Pvt. Ltd. (PHEPL), Paschim Renewables Pvt. Ltd. (PRPL), and MVK Green Power Pvt. Ltd. (MVKGPPL). Each of these projects exemplifies his commitment to environmental sustainability and India’s transition toward clean energy.
Mr. Srinivas is a strong advocate of integrating Environmental, Social, and Governance (ESG) principles into the core of business operations. His leadership style emphasizes transparency, innovation, collaboration, and continuous improvement. Through his trusted relationships with financial institutions such as the State Bank of India and the Indian Renewable Energy Development Agency (IREDA), he has facilitated the successful financing and execution of large-scale infrastructure projects.
Beyond his corporate achievements, Mr. Srinivas remains deeply committed to social responsibility, with a focus on community development, employment generation, and rural empowerment. Looking to the future, he is guiding Paschim Group toward new milestones, including an SME IPO planned for FY 2026. His global perspective, industry expertise, and ethical leadership continue to drive Paschim’s mission of innovation, sustainability, and long-term value creation for all stakeholders.
