Tata Power has become the largest private sector power generating company after synchronizing the second unit of its Maithan power project in Jharkhand, the company said in a filing to the Bombay Stock Exchange. With this 525 megawatt unit, the company has a total capacity of 5,297 Mw.
Tata Power has firmed up fuel supplies with Coal India's subsidiaries Bharat Coking Coal and Central Coal fields for this project.
The Maithon project's first unit was commissioned late last year. It is a 74:26 joint venture between Tata Power and Damodar Valley Corporation.
Anil Sardana, managing director at Tata Power in a statement said, "The synchronisation of Maithon unit-2 is a significant milestone. This development reaffirms Tata Power's contribution as the largest integrated power company in India."
Ten days earlier, the company commissioned the first unit of India's first ultra mega power project in Mundra, Gujarat.
The 800-Mw unit was synchronised in mid-January and achieved full load in late February. With Mundra and Maithon, Tata Power has a gross thermal power generating capacity of 4,447 Mw, and a clean generation capacity of 850 Mw from renewable sources. The company's stock went down by three per cent in Monday's trade, to close at around Rs 102 per share.
Meanwhile, shares of Tata power were marginally down to Rs 102.05
AMIT PRATAP SINGH
PGDM 2nd SEM
28/03/2012
Tata Power has firmed up fuel supplies with Coal India's subsidiaries Bharat Coking Coal and Central Coal fields for this project.
The Maithon project's first unit was commissioned late last year. It is a 74:26 joint venture between Tata Power and Damodar Valley Corporation.
Anil Sardana, managing director at Tata Power in a statement said, "The synchronisation of Maithon unit-2 is a significant milestone. This development reaffirms Tata Power's contribution as the largest integrated power company in India."
Ten days earlier, the company commissioned the first unit of India's first ultra mega power project in Mundra, Gujarat.
The 800-Mw unit was synchronised in mid-January and achieved full load in late February. With Mundra and Maithon, Tata Power has a gross thermal power generating capacity of 4,447 Mw, and a clean generation capacity of 850 Mw from renewable sources. The company's stock went down by three per cent in Monday's trade, to close at around Rs 102 per share.
Meanwhile, shares of Tata power were marginally down to Rs 102.05
AMIT PRATAP SINGH
PGDM 2nd SEM
28/03/2012
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