Mar 07, 2013, 10.10 AM IST | Source: PTI

4,000 MW Mundra UMPP fully operational, says Tata Power

Tata Power today said its 4,000 MW Mundra ultra mega power project (UMPP) is fully operational with the synchronisation of the fifth 800 MW unit.

Tata Power today said its 4,000 MW Mundra ultra mega power project (UMPP) is fully operational with the synchronisation of the fifth 800 MW unit. With the synchronisation of the fifth unit at Mundra plant, country's first UMPP, the utility's overall generation capacity has increased to nearly 8,500 MW, according to an official statement.

Tata Power, in a statement said that now its thermal power generation capacity stands at 7,647 MW while generation through clean sources such as hydro, wind and solar stands at 852 MW. Synchronisation is the final step before commissioning of a power generation unit.

Also read: Investors need not worry, fundamentals of co intact: NHPC

The first unit of Mundra UMPP started commercial operations in March 2012. "The synchronisation of the last unit is a significant achievement in a sector, which is ridden with numerous challenges," Tata Power Managing Director Anil Sardana said.

"We eagerly await a viable solution by the Central Electricity Regulatory Commission (CERC) and look forward to an early resolution of this issue," he added.

Against the backdrop of increase in prices of imported coal, Tata Power has approached CERC seeking higher tariffs for the electricity generated from the Mundra plant.

The plant is being implemented by Coastal Gujarat Project Ltd (CGPL), a special purpose vehicle of Tata Power. The company has inked power purchase agreements for the project with seven procurers from five states - Gujarat, Haryana, Maharashtra, Rajasthan and Punjab.

Tata Power stock price

On April 23, 2014, Tata Power Company closed at Rs 83.75, down Rs 0.05, or 0.06 percent. The 52-week high of the share was Rs 92.64 and the 52-week low was Rs 68.25.


The company's trailing 12-month (TTM) EPS was at Rs 3.95 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 21.2. The latest book value of the company is Rs 52.69 per share. At current value, the price-to-book value of the company is 1.59.

Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Narendra Modi

99923.16 2,564.73 2.63%

2383

Bought today

2584

Sold today

1.57%

User holding

video of the day

Add cyclicals, banks on positive poll outcome: UBS

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.