G M Rao

First Unit of GMR's 1370 MW synchronized successfully

First Unit of GMR's 1370 MW synchronized successfullyRaipur, Oct. 7 - The first 685 MW unit of GMR Chhattisgarh Energy Limited's (GCEL) 1370 MW supercritical coal-based thermal power plant at Raikheda here has successfully achieved synchronization with the grid on 2nd October, 2014.

GCEL is the GMR Group's first supercritical coal-based thermal power plant. The unit used fuel oil to achieve this first synchronization.

The project has been implemented on multiple packages concept by Doosan of Korea and the work on commissioning GCEL's second unit of 685 MW is in progress.

GMR posts Rs 593-crore consolidated loss for June quarter

gmr infrastructureHyderabad: GMR Infrastructure on Thursday posted a Rs 593-crore loss on a consolidated basis for the quarter ended June 30 as against a net loss of Rs 326 crore in the same period last year, due to higher interest cost, depreciation and scrapping of user development fee by AERA at Hyderabad airport.

In a filing to the stock exchange, the company said its total income (including other income) during the period rose to Rs 2,796 crore from Rs 2,689 crore a year ago.

The company shelled out Rs 832 crore towards finance cost during the quarter against Rs 610 crore in the same quarter last year.

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