This is a scheme that the government in India is promoting all over as a way to try to reduce energy consumption. They tell people to permanently connect lightly loaded motors in Star rather than Delta as a way to reduce the magnetic losses in the motor, knowing full well that the motor power capacity is cut to 1/3 of normal. They do this because they know that many users in India cannot afford to upgrade to more energy efficient motors, so this is a low cost alternative. What they don't tell people is that the energy savings benefit is minimal at best, but the risk of overloading the motor is high, so in my opinion the risk/reward ratio is too low to bother with.
Bottom line:
1. It does theoretically work in that reducing the motor terminal voltage by virtue of connecting t in Star (Wye), will reduce the magnetic losses in the motor. As a rough rough guess, the total magnetic losses in a modern energy efficient AC induction motor are around 1% of the absorbed power, so by reducing the terminal voltage, you can save maybe 1/4 of that 1% (0.0025 factor) of the consumed energy.
2. It does also reduce the mechanical kW capacity of the motor to 33% of what it is rated for, so to work at all, your load MUST be permanently reduced to that level or less.
3. At this point, all you know is the running load amps are 75A compared to the FLC of 200A. That does not accurately tell you what the connected load is in kW, because you do not know the Power Factor. But off-hand at first glance, it appears as though this is right on the border of being able to function, and if it does not, then the motor stalls and over loads, either causing a trip and therefore a failed application, or (if you fail to compensate the motor protection scheme), the motor overloads and is damaged, also resulting in a failed application.
4. If it works, and your mechanical load is truly 36kW or less and NEVER demands more from the motor, then you will save approximately 90W of energy.