VishnuSurya Projects and Infra Limited Enters Waste Management Sector with Strategic Partnerships
Chennai: Leading Indian construction and infrastructure company, VishnuSurya Projects and Infra Limited (VSIL) announced its entry into the waste management sector through strategic Memorandums of Understanding (MoU) with Hitachi Zosen India Private Limited and AG Enviro Infra Projects Private Limited. VSIL is an experienced organization in infrastructure development which plays a crucial role in Waste-to-Energy plants. Hitachi Zosen India serves as the Indian subsidiary of Hitachi Zosen Corporation, a leader in global waste management industry. AG Enviro Infra Projects, based out of Mumbai is India’s leading waste management company with operations across the country.
Greater Chennai Corporation (GCC) generates a significant amount of solid waste daily, with only 20% of the portion processed. Over 5200 Metric Tonnes gets dumped at Perungudi dumping ground and Kodungaiyur dumping ground, putting pressure on these sites and posing potential environmental hazards. The city lacks sufficient infrastructure for effective waste processing and the increasing population is further straining the existing waste management system.
VishnuSurya Project’s foray into this sector aims to address this critical challenge of waste management in Chennai. The company, along with its partners, will focus on developing and implementing sustainable solutions for waste management in Chennai. This memorandum of understanding (MOU) will enable the partners to leverage their collective capabilities to compete for substantial and innovative integrated waste management projects. The partnership’s first proposal is for Greater Chennai Corporation’s Phase-1 plan of an Integrated Waste Processing Facility project, estimated at a value of Rs 1268 crores, with a 20-year operations and management tenure. Greater Chennai Corporation plans to implement this project through the Design Build Finance Operate & Transfer model of Public-Private Partnership (PPP), with full funding from the private sector.
Addressing the importance of tacking this challenge, Sanal Kumar, Chief Executive Officer, VishnuSurya Projects and Infra Limited said, “We believe sustainable solutions are crucial to address this issue of waste management. Through our partnership, we aim to leverage our combined expertise in Waste-to-Energy technology and contribute to achieving Chennai’s 100% waste processing target. By collaborating with the Greater Chennai Corporation, we hope to play a part in creating a cleaner and more sustainable future for the city.”
The proposal by VishnuSurya Projects and Infra Limited along with their partners highlights their commitment to delivering an efficient and sustainable waste processing solution for Chennai.