Companies

Jindal Power commissions another unit at Chhattisgarh

Siddhartha P Saikia New Delhi | Updated on March 11, 2014

Project envisages total investment of $ 2 billion 

Jindal Power Limited, the subsidiary of Jindal Steel & Power Limited, has commissioned another 600 mw power plant at Tamnar in Raigarh district of Chhattisgarh.

 

The Congress Member of Parliament, Naveen Jindal, promoted conglomerate has already 1,000 mw operational capacity at the same location. The latest addition is part of proposed four new units of 600 mw each to be set up. The total capacity at Tamnar would be 3400 mw after completion of the expansion projects.

 

The new unit achieved full load capacity on March 10, the company said in a statement.

 

“This has been done in a record period of 27 months from start of boiler erection which is a new benchmark in the country for all units of similar capacity. The project envisages a total investment of nearly $ 2 billion,” Jindal Power added.

 

The private power company plans to commission other two units by March this month. One of these units have already been synchronised on February 22 and other is in advanced stage of synchronisation.

 

Jindal Power targets to have installed capacity of 10,000 mw by 2020 with combine resources of power in thermal, hydro, solar and wind.

 

Jindal Power reported Rs 595 crore of net sales and profit after tax of Rs 267 crore in the third quarter of 2013-14. It operated its power plants at an average plant load factor of 96 per cent.

 

JSPL stock closed at Rs 254.55, down 2.75 per cent on the BSE on Tuesday.

Published on March 11, 2014

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