Real estate developer based in Mumbai Niranjan Hiranandani spent about Rs3,500 crore on liquid natural gas (LNG) terminals in Maharashtra and West Bengal. This move represents a significant departure for the city developer and his family after having built the celebrated 250-acre Hiranandani Gardens Township in suburban Powai Mumbai.
Unconventional Investments that Define the Future
Niranjan Hiranandani with Hiranandani Group has transformed Mumbai through high-rise buildings, but he planned to focus on expansion with the development of LNG terminals. His decision to venture into LNG terminals is therefore not only strategic but also an expression of their consistent pioneering spirit and commitment towards innovative progress. The investment by the Hiranandani Group represents a belief in LNG as the future energy source, with potential for clean efficient energy supply driving India’s next energy revolution.
Driving Development: Economic Catalysts
This diversification is led by Darshan Hiranandani son of Niranjan Hiranandani through his company H-Energy, a subsidiary of Hiranandani Group. H-Energy focused on coming up with a robust infrastructure for energy delivery. The vision comprises natural gas pipeline construction and developing gas storage terminals. Consequently, these are among the most important sections of the grand plan on which rests those two proposed LNG terminals in Maharashtra and West Bengal respectively.
The development of LNG terminals in Maharashtra and West Bengal hold immense promise for driving economic growth and fostering development in these states. These terminal facilities have potential implications to drive industrialization process, create employment opportunities by stimulating infrastructure development process hence, improving living standards.
Sustainable Solutions
With increasing environmental concerns coupled with more demanding climate change mitigation strategies than ever before, it has now become urgent to shift from fossil fuel to cleaner sources. Therefore investment by Darshan Hiranandani into LNG terminals is an indication of his preference for sustainable choices that prioritize environmental concerns over the growing power needs of a changing society.
Niranjan Hiranandani – the man behind the transformation of Mumbai’s urban landscape through his iconic Hiranandani Gardens township –gracefully left an indelible mark on the cityscape. The Hiranandani Group is building LNG (Liquefied Natural Gas) terminals as yet another manifestation of their tradition of pioneering spirit and excellence that would usher in a new era for Maharashtra, West Bengal, and other states.
Darshan Hiranandani 
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