Mumbai: Indian utility Tata Power plans to add 200 megawatts of capacity in the current fiscal year that began in April, its managing director said.
The company hopes to bring on stream 120 MW unit at Jojobera and a 30 MW unit Haldia, both in eastern India, and also around 50 MW of wind power in 2009-10, Prasad R. Menon told reporters late on Thursday.
Tata Power has completed 23% of work at a 4,000 MW facility at Mundra in the western state of Gujarat, he said.
“We should be able to do the first unit (at Mundra) by September 2011,” Menon said.
The company said its March quarter profit rose 58%, helped in part by sale of shares in a group company Tata Teleservices.
Net profit rose to Rs3.55 billion ($75 million) in Jan-March from Rs2.25 billion a year earlier, while revenue dropped to Rs13.73 billion from 15.52 billion.