Tata Power commissions 2 MW wind turbines

Tata Power commissions 2 MW wind turbines

On Monday, Tata Power, India's leading private sector power producer said that it is set to acquire 20.95 MW operating wind assets in Maharashtra from Niskalp Energy. The company plans to install additional capacity of 150-200 MW in Maharashtra and Tamil Nadu this year, a company press release said. Tata Power has 200 MW installed capacity in Maharashtra, Gujarat and Karnataka.

According to Tata Power Managing Director Prasad Menon the company so far could generate 20 percent of power form 'clean sources', which is likely to increase to 25 percent in three-four years.

He said that at present their wind portfolio figures 200 MW and in view of growth they intend to add substantially to their renewable portfolio

According to a press release in last September it had commissioned 2 MW-class wind turbines, which in the first phase was powering installed capacity of 10 MW. and after the completion of the first phase 2nd phase of 88 MW is on the anvil. Tata Power Company has chalked out a plan to add 150-200 mw of wind energy assets in fiscal 2010-11according to the company release. As a part of the plan they are acquiring the wind assets

Tata Power will also shortly place an order for 150 mw wind capacity to be set up in Maharashtra and Tamil Nadu. The commissioning will be done this year and next year, the release said.

According to the MD the company is progressing on the right track as per their plans of renewable energy.

Tata Power has commissioned two MW-class wind turbines, designed by Kenersys of Germany and manufactured and installed by Kenersys India.

The company said the turbines were commissioned in September 2009 and have been operating successfully.


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iGate CEO Phaneesh Murthy sacked following sexual harassment probe

iGate CEO Phaneesh Murthy sacked following sexual harassment probe

NASDAQ-listed software services firm iGate has sacked its president & CEO Phaneesh Murthy following a probe into a claim of sexual harassment.

Announcing Murthy's dismissal, the company said, "The investigation, which is ongoing, has reached the finding that Mr. Murthy's failure to report this relationship violated iGate's policy, as well as Mr. Murthy's employment contract."

Apollo Hospitals net profit rises 27.30%

Apollo Hospitals net profit rises 27.30%

Indian healthcare major, Apollo Hospitals Enterprise has said that its net profit has risen 27.30 per cent to Rs. 75.52 crore during the fourth quarter of the financial year till March, 2013.

The company recorded the impressive growth due to strong performance for in the healthcare services and pharmacy segments of the company. The company had recorded a net profit of Rs. 59.32 crore for during the same quarter of the previous financial year, the company said in a statement.