GMR Infrastructure Ltd Second unit of GMR's Kamalanga plant commercially operational. The GMR Group is establishing 3x350 MW coal-based thermal power plant at Kamalanga in Odisha's Dhenkanal District.
The first unit of 350 MW commenced generation on April 30, 2013. The second 350 MW unit of GMR Kamalanga Energy Limited (GKEL) was declared commercially operational on 11 November 2013.
Power produced from GKEL is being supplied to GRIDCO Limited in Odisha in line with the long-term Power Purchase Agreement (PPA). Besides Odisha, GKEL would supply power to Haryana, Bihar and other parts of the country. GKEL secured coal linkage for all its 1050 MW capacity by signing Fuel Supply Agreements with Mahanadi Coalfields Limited.
With the commissioning of GKEL's second unit, the GMR Group's combined generation capacity has touched 2136 MW. Projects totalling 5038 MW are under implementation. Commissioning of GKEL's second unit follows close on the heels of the synchronization of the second unit of GMR's 2x300 MW EMCO Energy Limited at Warora in Chandrapur District of Maharashtra on August 27. EMCO's first unit of 300 MW became commercially operational in March 2013.
Speaking on the occasion, GKEL's President & Director Mr. R.V. Sheshan, said, "GKEL is the largest investment made by the GMR Group in the Energy Sector. It is also one of the earliest private power projects to commence commercial operations in Odisha. GKEL is also making substantial efforts so that the quality of life of individuals in neighbouring communities is enriched by its transformational educational, health care, livelihood and grassroots infrastructure development focused CSR interventions."
Shares of GMR Infrastructure Ltd was last trading in BSE at Rs.21.75, up by Rs.0.10 or 0.46%. The stock hit an intraday high of Rs.22.20 and low of Rs.21.65.
The total traded quantity was 3.60 lakhs as compared to 2 week average of 6.24 lakhs.
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