Simhapuri Energy a 100% subsidiary of Madhucon Infra is developing 1,920 MW coal fired thermal project near Nellore, in India with a total project cost of around Rs 11270 crore ($2,500 million) in three phases.
Unit-1 with 150 MW capacity of phase-I project of SEPL at Thamminapatnam village, near Krishnapatnam South sea port, SPSR Nellorw district, Andhra Pradesh (AP) has been declared commercial operation with effect from zero hours of May 4, 2012 while, Unit-2 of 150 MW capacity of Phase 1 project of Simhapuri Energy has been declared commercial operation with effect from zero hours of July 15, 2012 after the synchronization to the SR grid on May 25, 2012.
70% of capacity is supplied to PTC under tolling agreement and balance 30% of the capacity is supplied as merchant power.
The construction of phase 2 of 300 MW is in full swing and is expected to be completed by November/ December, 2012 taking the operational capacity to 600 MW. The topline of power company with 2 phases operating for the financial year 2012-13 is expected to be Rs 600 crore.
Madhucon Infra, 100% subsidiary of Madhucon Projects, is having road, vertical, power vertical and coalmine vertical.