Simhapuri Energy Private Limited, a subsidiary of Hyderabad-based Madhucon Projects Limited, is heading towards synchronisation of Phase I of 300 Mw thermal power plant, part of its 1,920 Mw power project, in Nellore.
Simhapuri Energy has received the startup power from Power Grid Corporation of India and Southern Regional Load Dispatch Centre. The boiler light up process has commenced, a Madhucon release said on Monday.
The power project is coming up at Thamminapatnam in Nellore district near Krishnapatnam port. Phase - II (300 Mw) is planned to be commissioned by August 2012. Simhapuri Energy has applied for clearances of Phase - III, which will be 1,320 Mw and the commissioning activities is expected to start in the fourth quarter of 2012, the release added.
Madhucon has an order book of around Rs 6,500 crore.
Madhucon’s scrip ended the trade at Rs 58.95 on the BSE, up 2.52 per cent, over the previous close of Rs 57.50.
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