JSW Energy commissions third unit at Ratnagiri

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Sajjan Jindal-led JSW Energy on Monday said it has successfully commissioned the third unit of 300 MW project at its plant in Ratnagiri in Maharashtra.

With this, the present capacity of the plant has been ramped-up to 900 MW. The company is targeting to commission the balance one unit of 300 MW in the first quarter of the current fiscal, the company said in a statement.

The company had commissioned its second unit of 300 MW project at Ratnagiri in December last year.

JSW Energy is engaged in developing and operating power plants in the country. The company has operational capacity of 2,030 MW apart from 1,110 MW of generation capacity under construction. It aims to generate 12,070 MW by 2016.

JSW Energy posted about 13% rise in its consolidated net profit at Rs 841.75-crore for the financial year ended March 31, 2011, as against Rs 745.49-crore in the year-ago period.