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Tata Power
Tata Power, formed with the merger of two Tata Power companies, Tata Hydro Electric Company and Andhra Valley Power Supply, caters to the industrialised area in and around Mumbai. Tata Power has a total generating capacity of 2,250, consisting of 1,800 thermal and 450 mw hydro
Tata Power, like BSES, has also evinced interest in DPC. The company may bid for the company jointly with GAIL. The company has also stepped into the shoes of Powergen for the Mangalore project, which is awaiting clearance.
TPL will henceforth focus entirely on the energy business that would include oil exploration. It recently acquired 100 per cent stake in Tata Petrodyne for Rs 145 crore. As part of its diversification into telecom, the company has laid 400 km of optic fibre in south Mumbai. It also plans to lay similar networks across 5,500 km in heavy traffic combining the major cities of Mumbai, Delhi, Pune, Hyderabad and Chennai.
In future, Tata Power will set up more captive power plants. The company plans to hike its CPP capacity to 300 mw by 2003. These plants appear more attractive due to their low gestation period and lower investments. TPL, which is also eyeing the transmission and distribution segment, has earmarked Rs 2400 crore, till 2004, for its future plans.
(16/1/02)
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