MyTrah Energy recorded a 52% lift in turnover, posting a first have revenue figure of $46.6million.
Indian renewables business Mytrah Energy has promoted its chief financial officer to the role of chief executive. Vikram Kailas replaces Ravi Kailas, who will continue in his role as chairman. Mr Kailas will retain the vice chairman and managing director posts at subsidiary Mytrah Energy (India) Private Limited (MEIPL).
Mytrah said it has struck an agreement with Guayama Holdings for it to invest up to $31million in its subsidiary to support the development of a 200MW wind energy project in India.
India's renewable power producer Mytrah Energy exceeded its expected target for wind power generation in the 2016 season.
Mytrah Energy has commissioned an extra nine turbines at its Bhesada project in India, bringing the total additional capacity added in 2015 to 50.2 MW and taking its operating wind portfolio to 578 MW.
Indian renewable power producer Mytrah has commissioned the first phase of its wind energy project in Rajasthan ahead of schedule.
Indian renewable power producer Mytrah Energy made a pre-tax loss in the first half of 2015 whilst making progress towards new construction projects.