Reliance Power Ltd (RPower), the Anil Ambani group company, expects to raise its power generating capacity over eight times to 5,000 mega watt (MW) from 600MW in the next 18 months.
The largest power generating company in the private sector has said the first unit of its long-awaited Sasan mega power project will be commissioned next year.
Declaring its fourth-quarter numbers today, RPower said it had put its plans in place to produce the feedstock for the Sasan project.
According to the company, work has commenced at the Moher-Amlohri coal mines, which will feed the Sasan power project with mining equipment from Bucyrus of the US due to arrive at the site next month.
Meanwhile,it is learnt that RPower is one of the firms shortlisted for the auction of diversified industrial group Wesfarmers Premier coal mine in Western Australia.
RPower reported a net profit of Rs 186.63 crore in the fourth quarter ended March 31, a rise of 102 per cent over Rs 92.41 crore a year-ago period.
Total income stood at Rs 598.18 crore (Rs 82.56 crore).
Net profit during the full year rose to Rs 760.44 crore (Rs 683.89 crore).
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