The project consists of 5 units, each of 800 MW which will generate saleable power of 3800 MW.
Tata Power, India's largest integrated private power utility's wholly owned subsidiary, Coastal Gujarat Power Limited (CGPL), which is setting up India's first Ultra Mega Power Project (UMPP) in Mundra, Gujarat, announced the commissioning of the country's first 800 MW sized super critical Unit 1. Unit 1 was earlier synchronized with the national grid on 8 January 2012 and had achieved full load on 25 February 2012.
The country's first 800 MW Unit 1 has been ready for synchronization since 29 June 2011 awaiting transmission evacuation system from PGCIl, which got commissioned on 29 September 2011. Unit 1 was commissioned in a record 48 months of construction work starting on the project. Work on Unit 2, 3, 4 and 5 of the project is on track and progressing well.
The 4000 MW Mundra UMPP is the first of the UMPPs which heralds the entry of 800 MW super critical boiler technology in India which environment friendly and efficient. The project site, approximately 1000 hectares is located south of Tunda Wand Village in Mudra Taluk, Kutch district of Gujarat. The project consists of 5 units, each of 800 MW which will generate saleable power of 3800 MW to be supplied to 5 states viz. Gujarat, Maharashtra, Rajasthan, Haryana and Punjab. The super-critical technology and the choice of unit sizes will help the project achieve higher efficiency, thus saving fuel and reducing greenhouse gas emissions vis-a-vis conventional technology prevailing in the country.
In the late afternoon, Tata Power was trading at around Rs109.65 per share on the Bombay Stock Exchange, 0.6% up from the previous close.
While the premium range would be produced in the UK plant, JLR is looking to manufacture the lower range in India.
Tata Motors-owned Jaguar Land Rover plans to set up an engine manufacturing facility in India to meet the demand in the country.
The company, that is investing £355 million in an engine plant in the UK, said the investments on the planned Indian facility could be lesser. Speaking to a group of visiting Indian journalists at the Geneva Motor Show, Jaguar Land Rover chief executive officer Ralf Speth said the company has already started a hi-tech engine programme for Europe with the UK plant.
"The step two would be to go to India and then in India set up another facility with similar advanced technology in terms of inner equipment at the plant, and then deliver lower specification engines for the Indian market," he said. He, however, declined to give any time frame and on the size of investments.
Asked if the investment will be similar to the UK, Speth said, "I think it will be cheaper." At present JLR assembles sports utility vehicle Freelander at Tata Motors' Pune plant.
Elaborating the firm's strategy on engine development, he said the idea is to have a premium range and a lower range. While the premium range would be produced in the UK plant, the company is looking to manufacture the lower range in India.
When asked if JLR will supply the engines to other companies, he said, "No, we will not supply to other manufacturers. It can be for both Tata and JLR. There we are open. At the moment, there is no plan and Tata has to make sure that our engines fit in their products."
On the continuation of JLR's sourcing of engines from Ford, Speth said, "Yes, why not? There are so many different engines and so many different challenges on the engine side — smaller engines, bigger engines, hybrids..."
He, however, said for some very specific engines, the requirement from Ford may decrease, but even if the percentage comes down, it would not mean that the absolute number will come down.
The L&T's board of directors has decided to bifurcate the roles of chairman and managing director in a major top management rejig, which would become effective from 1 April 2012.
In a long-awaited top management succession planning exercise, corporate giant Larsen and Toubro appointed K Venkataraman as its CEO and managing director, while its current chief A M Naik would remain executive chairman for the next five years.
Naik currently holds the position of chairman and MD at the group, a major player in engineering, manufacturing, construction and a host of other businesses including technology and financial services. The L&T's board of directors has decided to bifurcate the roles of chairman and managing director in a major top management rejig, which would become effective from 1 April 2012.
As per the new structure, Venkataraman would assume the position of chief executive officer and MD, while Naik would assume the post of executive chairman.
Venkataramanan is currently whole-time director and president (hydrocarbon) and had joined L&T as a graduate engineer trainee in 1969. He was elevated to L&T Board in the year 1995.
"I am pleased that the board has appointed K Venkataraman as CEO and MD. I have full confidence that under Venkataraman's leadership, L&T will continue on its growth path," Naik said.
While Venkataramanan would be responsible for the businesses of L&T, Naik would focus on completing the portfolio restructuring, institutionalising the IC (independent company) structure, mentoring and developing the leadership team and future leaders, the group said.
Accordingly, the board decided that there was a need for continuity and requested Naik to continue for a period of five years as executive chairman of the Group.
"I am honoured with the responsibility that the board has placed on me. I am also happy that A M Naik's guidance will continue to be available," Venkataraman said.