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Tata keeps Rs 850 cr to boost power supply in Mumbai till FY’12

Tata keeps Rs 850 cr to boost power supply in Mumbai till FY’12
PTI
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First Published: Wed, Nov 24 2010. 09 52 AM IST
Updated: Wed, Nov 24 2010. 09 52 AM IST
Mumbai: Tata Power plans to invest Rs 850-crore till FY 12 to beef up generation, transmission and distribution, a senior company official told PTI.
The company will be investing Rs 850-crore over 3-years (FY 10 till FY 12) to enhance its generation, transmission and distribution capabilities, said Tata Power’s executive director-operations, S Padmanabhan.
According to Padmanabhan, the company is also “eyeing a customer-base of close 1,40,000 by March 2011” from the existing clientele of 85,000. He claims more than 50,000 customers have shifted to Tata Power from its competitor—RInfra—in recent months.
Besides, to improve the power supply, the company has earmarked Rs 300-crore each for transmission and distribution while Rs 250-crore will be invested in upping generation capacity, he said.
Tata Power is witnessing a significant market response and this is evident from the nearly 1,200-calls per day received by the company’s officials (seeking its power) over the last two weekends, Padmanabhan said.
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First Published: Wed, Nov 24 2010. 09 52 AM IST