POWER GENERATION. Public Enterprises Survey : Vol-II 295

Transcription

1 POWER GENERATION Public Enterprises Survey : Vol-II 295

2 14. As on , there were 11 Central Public Sector Enterprises in the group. The names of these enterprises along with their year of incorporation in chronological order are given below: - S. No. Enterprise Year of Incorporation 1 NLC INDIA LTD NHPC LTD NTPC LTD NORTH EASTERN ELECTRIC POWER CORPORATION LTD NUCLEAR POWER CORPN. OF INDIA LTD SJVN LTD THDC INDIA LTD NHDC LTD KANTI BIJLEE UTPADAN NIGAM LTD NLC TAMIL NADU POWER LTD REC POWER DISTRIBUTION CO. LTD The enterprises falling in this group are mainly engaged in generation and distribution of all kinds of power such as hydel thermal and nuclear (excluding solar). 3. The consolidated financial position, the working results and the important management ratios of these enterprises are appended. 4. Turnover: The details of turnover of individual enterprises are given below: S. No. Enterprise Turnover (` in Crore) KANTI BIJLEE UTPADAN NIGAM LTD NHDC LTD NHPC LTD NLC INDIA LTD NLC TAMIL NADU POWER LTD NORTH EASTERN ELECTRIC POWER CORPORATION LTD NTPC LTD NUCLEAR POWER CORPN. OF INDIA LTD REC POWER DISTRIBUTION CO. LTD SJVN LTD THDC INDIA LTD SUB TOTAL : Net Profit / Loss: The details of enterprises, which earned net profit or sustained net loss (-) are given below: (` in Crore) 3 NHPC LTD NLC INDIA LTD NLC TAMIL NADU POWER LTD NORTH EASTERN ELECTRIC POWER CORPORATION LTD NTPC LTD NUCLEAR POWER CORPN. OF INDIA LTD REC POWER DISTRIBUTION CO. LTD SJVN LTD THDC INDIA LTD SUB TOTAL : Dividend: The details of dividend declared by the individual enterprises are given below: S. No. Enterprise Dividend (` in Crore) NHDC LTD NHPC LTD NLC INDIA LTD NORTH EASTERN ELECTRIC POWER CORPORATION LTD NTPC LTD NUCLEAR POWER CORPN. OF INDIA LTD REC POWER DISTRIBUTION CO. LTD SJVN LTD THDC INDIA LTD SUB TOTAL : Social Overhead and Township: The total number of persons employed and the expenditure incurred on social overheads and townships are given below: S. No. Particulars Township and Social Overheads No. of employees (in number) Social overheads: (` in Crore) (i) Educational (ii) Medical Facilities (iii) Others Capital cost of township (` in Crore) No. of houses constructed (in numbers) Company wise details in respect of Balance Sheet, Profit and Loss Account, Important Indicators and Financial Ratios along with the write up of individual company are given in the page below: S. No. Enterprise Net Profit/ Loss KANTI BIJLEE UTPADAN NIGAM LTD NHDC LTD

3 POWER GENERATION BALANCE SHEET (` in Lakhs) PROFIT & LOSS ACCOUNT (` in Lakhs) I. EQUITY & LIABILITIES AUTHORISED CAPITAL (1) Shareholders' Funds (a) Share Capital (i) Central Govt (ii) Others (b) Reserves & Surplus (c) Money received against share warrants Total Shareholders' Funds (1(a)+1(b)+1(c) (2) Share application money pending allotment (3) Non-current Liabilities (a) Long Term Borrowings (b) Deferred tax liabilities (Net) (c) Other Long-term liabilities (d) Long-term provisions Total Non-Current Liabilities 3(a) to 3(d) (4) Current Liabilities (a) Short Term Borrowings (b) Trade Payables (c) Other current liabilities (d) Short-term provisions Total Current Liabilities 4(a) to 4(d) TOTAL EQUITY & LIABILITIES ( ) II. ASSETS (1) Non-Current Assets (a) Total Gross Fixed Assets (ai) Accumulated Depreciation, Depletion & Amortisation (aii) Accumulated Impairment (b) Total Net Fixed Assets ((a)-(ai)-(aii) (c) Capital work in progress (d) Intangible assets under developmet (e) Non-Current Investments (f) Deferred Tax Assets (Net) (g) Long Term Loans and Advances (h) Other Non-Current Assets Total Non-Current Assets (b+c+d+e+f+g+h) (2) Current Assets (a) Current Investments (b) Inventories (c) Trade Recievables (d) Cash & Bank Balance (e) Short-term Loans & Advances (f) Other Current Assets Total Current Assets (a+b+c+d+e+f) TOTAL ASSETS (1+2) Important Indicators (i) Investment (ii) Capital Employed (iii) Net Worth (iv) Net Current Assets (v) Cost of Sales (vi) Net Value Added (at market price) (vii) Total Regular Employees (Nos.) (viii) Avg. Monthly Emoluments per Employee(`) (I) Revenue from Operations (Gross) Less : Excise Duty Revenue from Operations (Net) (II) Other Income (III) Total Revenue (I+II) (IV) Expenditure on: (a) Cost of materials consumed (b) Purchase of stock-in-trade (c) Changes in inventories of finished goods, workin-progress and stock in trade (d) Stores & Spares (e) Power & Fuel (f) Salary, Wages & Benefits/Employees Expense (g) Other Operating/direct/manufacturing Expenses (h) Rent, Royalty & Cess (i) Loss on sale of Assets/Investments (j) Other Expenses Total Expenditure (IV (a to j)) (V) PROFIT BEFORE DEPRECIATION, & IMPAIRMENT, FINANCE CHARGES/INTEREST, EXCEPTIONAL & EXTRAORDINARY ITEMS & TAXES (PBDIEET)(III-IV) (VI) Depreciation, Depletion & Amortisation (VII) Impairment (VIII) PROFIT BEFORE FINANCE COST/INTEREST, EXCEPTIONAL, EXTRA-ORDINARY ITEMS & TAXES (PBIEET)(V-VI-VII) (IX) Finance Cost (a) On Central Government Loans (b) On Foreign Loans (c) Others (d) Less Finance Cost Capitalised (e) Charged to P & L Account (a+b+c -d) (X) PROFIT BEFORE EXCEPTIONAL & EXTRA- ORDINARY ITEMS & TAX (PBEET)(VIII-IXe) (XI) Exceptional Items (XII) PROFIT BEFORE EXTRA-ORDINARY ITEMS & TAX (PBET)(X-XI) (XIII) Extra-Ordinary Items (XIV) PROFIT BEFORE TAX (PBT)(XII-XIII) (XV) TAX PROVISIONS (XVI) NET PROFIT / LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS AFTER TAX(XIV-XV) (XVII) Profit/Loss from discontinuing operations (XVIII) Tax expenses of discontinuing operations (XIX) Profit/Loss from discontinuing operations (after Tax)(XVII-XVIII) (XX) Profit/Loss for the period (XVI+XIX) Financial Ratios (i) Sales : Capital Employed (ii) Cost of Sales : Sales (iii) Salary/Wages : Sales (iv) Net Profit : Net Worth (v) Debt : Equity (vi) Current Ratio (vii) Trade Recievables : Sales (viii) Total Inventory : Sales Public Enterprises Survey : Vol-II 297

4 The Company Kanti Bijlee Utpadan Nigam Ltd. Scope Complex, 7 Institutional Area, Lodhi Road, New Delhi kbunl.co.in Kanti Bijlee Utpadan Nigam Ltd. (KBUNL) was incorporated as a wholly owned subsidiary of NTPC Ltd. on The company was initially incorporated to take over Muzaffarpur Thermal Power Station (2x110MW) by creating a subsidiary company named Vaishali Power Generating Company Limited (VPGCL) with NTPC contributing 51% of equity and balance equity was contributed by Bihar State Electricity Board (BSEB). The company was rechristened as Kanti Bijlee Utpadan Nigam Limited on April 10, Present equity holding is NTPC 65% & BSEB 35% making it a subsidiary of NTPC Ltd. under M/o Power. The company is Uncategorized CPSE in sector under the administrative control of Ministry of Power. The company employed 187 regular employees (Executives 181 & Non-Executives 6) as on Its registered and corporate office is at New Delhi. Vision / Mission The vision of the company is to become a world class &eco-friendly power generating company, contributing to the development of the State & Nation. The Mission of the company is to play a significant role in growth of Indian Power Sector, maintain a high standard of social responsibility, ensure best monitoring & maintenance practices, develop &operate power plants in cost effective manner and nurture an exciting & challenging work environment. It further seeks to uphold the principles of trust, corporate governance and transparency in all aspects of business. Industrial / Business Operations Company is in the business of electricity generation. The company is doing renovation and modernization (R&M) of existing units of Muzaffarpur Thermal Power Plant (MTPP). Pursuant to Memorandum of Agreement dated between NTPC, Government of Bihar and Bihar State Electricity Board for reviving and operating Stage-I (2x110 MW). The company was entrusted with the work of renovating and modernizing (R&M) of existing 2x110 MW units of Muzaffarpur Thermal Power Plant (MTPP). After completion of R&M of both the units of 110 MW of Stage-I, first unit is under commercial operation since and the second unit since The company is also implementing expansion of MTPP by adding 2x195 MW units in the available land. First unit of Stage II was synchronized on and the second unit of Stage-II was synchronized on Performance Highlights The physical performance of the company for last three years is given below: Main Product Unit Performance during Generation of Electricity M U Total revenue of the company registered a decrease of `(-) crore during , which went down to ` crore in from ` crore in The profit of the company has also gone down by `75.44 crore to a loss of `(-)58.20 crore in , from a profit of `17.24 crore in previous year. Return on net worth of the company is at (-) 4.24% in as against 1.27% in (Fig.2). Net profit ratio of the company is at (-) 15.46% in as against 3.75% in The current ratio of company is at 0.44:1 during as against 0.86:1 in the previous year. Balance Sheet and Profit & Loss Account of the company and selected financial ratios during the period to can be seen on the adjoining page. Rs. in Crore Percentage % 0% -5% -10% -15% -20% Strategic issue Total Revenue, PBDIEET & PAT Total Revenue PBDIEET PAT Fig. 1 RoNW and Net Profit Ratio 1.27% -0.05% -0.33% 3.75% Fig.2 Year RoNW Net Profit Ratio -4.24% % The company is renovating and modernizing the existing unit and establishing new plant. The Renovation & Modernization (R&M) work of Boiler, Turbine, and Generator & Auxiliaries for 2x110 MW units is under execution funded by Government of India's grant. 298

5 KANTI BIJLEE UTPADAN NIGAM LTD. BALANCE SHEET (` in Lakhs) PROFIT & LOSS ACCOUNT (` in Lakhs) I. EQUITY & LIABILITIES (I) Revenue from Operations (Gross) AUTHORISED CAPITAL Less : Excise Duty (1) Shareholders' Funds Revenue from Operations (Net) (a) Share Capital (II) Other Income (i) Central Govt (III) Total Revenue (I+II) (ii) Others (IV) Expenditure on: (b) Reserves & Surplus (a) Cost of materials consumed (c) Money received against share warrants (b) Purchase of stock-in-trade Total Shareholders' Funds (1(a)+1(b)+1(c) (2) Share application money pending allotment (3) Non-current Liabilities (a) Long Term Borrowings (b) Deferred tax liabilities (Net) (c) Other Long-term liabilities (d) Long-term provisions Total Non-Current Liabilities 3(a) to 3(d) (4) Current Liabilities (a) Short Term Borrowings (b) Trade Payables (c) Other current liabilities (d) Short-term provisions Total Current Liabilities 4(a) to 4(d) TOTAL EQUITY & LIABILITIES ( ) II. ASSETS (1) Non-Current Assets (a) Total Gross Fixed Assets (ai) Accumulated Depreciation, Depletion & Amortisation (aii) Accumulated Impairment (b) Total Net Fixed Assets ((a)-(ai)-(aii) (c) Capital work in progress (d) Intangible assets under developmet (e) Non-Current Investments (f) Deferred Tax Assets (Net) (g) Long Term Loans and Advances (h) Other Non-Current Assets Total Non-Current Assets (b+c+d+e+f+g+h) (2) Current Assets (a) Current Investments (b) Inventories (c) Trade Recievables (d) Cash & Bank Balance (e) Short-term Loans & Advances (f) Other Current Assets Total Current Assets (a+b+c+d+e+f) TOTAL ASSETS (1+2) Important Indicators (i) Investment (ii) Capital Employed (iii) Net Worth (iv) Net Current Assets (v) Cost of Sales (vi) Net Value Added (at market price) (vii) Total Regular Employees (Nos.) (viii) Avg. Monthly Emoluments per Employee(`) (c) Changes in inventories of finished goods, work-inprogress and stock in trade (d) Stores & Spares (e) Power & Fuel (f) Salary, Wages & Benefits/Employees Expense (g) Other Operating/direct/manufacturing Expenses (h) Rent, Royalty & Cess (i) Loss on sale of Assets/Investments (j) Other Expenses Total Expenditure (IV (a to j)) (V) PROFIT BEFORE DEPRECIATION, & IMPAIRMENT, FINANCE CHARGES/INTEREST, EXCEPTIONAL & EXTRAORDINARY ITEMS & TAXES (PBDIEET)(III-IV) (VI) Depreciation, Depletion & Amortisation (VII) Impairment (VIII) PROFIT BEFORE FINANCE COST/INTEREST, EXCEPTIONAL, EXTRA-ORDINARY ITEMS & TAXES (PBIEET)(V-VI-VII) (IX) Finance Cost (a) On Central Government Loans (b) On Foreign Loans (c) Others (d) Less Finance Cost Capitalised (e) Charged to P & L Account (a+b+c -d) (X) PROFIT BEFORE EXCEPTIONAL & EXTRA- ORDINARY ITEMS & TAX (PBEET)(VIII-IXe) (XI) Exceptional Items (XII) PROFIT BEFORE EXTRA-ORDINARY ITEMS & TAX (PBET)(X-XI) (XIII) Extra-Ordinary Items (XIV) PROFIT BEFORE TAX (PBT)(XII-XIII) (XV) TAX PROVISIONS (XVI) NET PROFIT / LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS AFTER TAX(XIV-XV) (XVII) Profit/Loss from discontinuing operations (XVIII) Tax expenses of discontinuing operations (XIX) Profit/Loss from discontinuing operations (after Tax)(XVII-XVIII) (XX) Profit/Loss for the period (XVI+XIX) Financial Ratios (i) Sales : Capital Employed (ii) Cost of Sales : Sales (iii) Salary/Wages : Sales (iv) Net Profit : Net Worth (v) Debt : Equity (vi) Current Ratio (vii) Trade Recievables : Sales (viii) Total Inventory : Sales Public Enterprises Survey : Vol-II 299

6 NHDC Ltd. NHDC Parisar, Shyamla Hills, Bhopal, Madhya Pradesh The Company NHDC Ltd. (formerly known as Narmada Hydroelectric Development Corporation Ltd.) was incorporated on under the Companies Act, 1956 with the objective to plan, promote, organize and integrated an efficient development of Hydro potential of Narmada River and its tributaries within Madhya Pradesh. The main objective was amended in the year 2009 to plan, promote, organize and integrate efficient development of power through all conventional, non-conventional / renewable energy sources in India. It is a joint venture of NHPC Ltd. and Government of Madhya Pradesh and is a subsidiary of NHPC Ltd. The name of the company has changed to NHDC Ltd. w.e.f NHDC is an uncategorized CPSE in Power sector under the administrative control of Ministry of Power % equity is held by its holding company namely NHPC Ltd. The balance 48.92% shareholding of the company is with State Govt. of Madhya Pradesh. The company employed 556 regular employees (Executives 298 & Non-Executives 258) as on It s registered and corporate office is at Bhopal, Madhya Pradesh. Vision / Mission The vision of the company is to become a premier organization for sustainable development of conventional & non-conventional power with strong environment conscience. The mission of the company is to achieve excellence in all aspects of Power, to execute and operate projects in a cost effective, environment friendly and socio economically responsive manner and to maximize creation of wealth through generation of internal funds and effective management or resources. Industrial / Business Operations NHDC is engaged in development of power through all conventional, non-conventional / renewable energy sources. Currently company is having two hydroelectric power stations namely India Sagar Hydroelectric Project (8X125 MW) and Omkrashwar Hydroelectric Project (8X65 MW) in operation and located at Madhya Pradesh. Performance Highlights The physical performance of the company for last three years is given below: Major services Unit Production during Power Generated MUs Total revenue of the company registered adecrease of ` crore during , which went down to ` crore in from ` crore in (Fig1). The profit of the company also has gone down by ` crore to ` crore in , from ` crore in previous year mainly on account of reduction in sales. Return on net worth of the company has decreased to 9.52% in from 11.74% in Net profit ratio of the company also has decreased to 55.08% in from 56.09% in (Fig2).The current ratio of company is at 3.46:1 during as against 3.36:1 in the previous year. Balance Sheet and Profit & Loss Account of the company and selected financial ratios during the period to can be seen on the adjoining page. Rs. in Crores Percentage % 50% 40% 30% 20% 10% 0% 0 Total Revenue, PBDIEET & PAT Fig. 1 Fig Total Revenue PBDIEET PAT 56.44% Strategic issues 17.46% RoNW and Net Profit Ratio RoNW 11.74% % 55.08% Year Net Profit Ratio 9.52% Renewable Energy Development: NHDC is desirous of augmenting its power portfolio with renewable energies. NHDC under green initiatives is foraying into the Solar Power Development in the State of Madhya Pradesh. Moreover, during the FY , Govt. of India under MoU framework has set a target for preparation of DPR of 40 MW Solar Project. 300

7 NHDC LTD. BALANCE SHEET (` in Lakhs) PROFIT & LOSS ACCOUNT (` in Lakhs) I. EQUITY & LIABILITIES (I) Revenue from Operations (Gross) AUTHORISED CAPITAL Less : Excise Duty (1) Shareholders' Funds Revenue from Operations (Net) (a) Share Capital (II) Other Income (i) Central Govt (III) Total Revenue (I+II) (ii) Others (IV) Expenditure on: (b) Reserves & Surplus (a) Cost of materials consumed (c) Money received against share warrants (b) Purchase of stock-in-trade Total Shareholders' Funds (1(a)+1(b)+1(c) (2) Share application money pending allotment (3) Non-current Liabilities (a) Long Term Borrowings (b) Deferred tax liabilities (Net) (c) Other Long-term liabilities (d) Long-term provisions Total Non-Current Liabilities 3(a) to 3(d) (4) Current Liabilities (a) Short Term Borrowings (b) Trade Payables (c) Other current liabilities (d) Short-term provisions Total Current Liabilities 4(a) to 4(d) TOTAL EQUITY & LIABILITIES ( ) II. ASSETS (1) Non-Current Assets (a) Total Gross Fixed Assets (ai) Accumulated Depreciation, Depletion & Amortisation (aii) Accumulated Impairment (b) Total Net Fixed Assets ((a)-(ai)-(aii) (c) Capital work in progress (d) Intangible assets under developmet (e) Non-Current Investments (f) Deferred Tax Assets (Net) (g) Long Term Loans and Advances (h) Other Non-Current Assets Total Non-Current Assets (b+c+d+e+f+g+h) (2) Current Assets (a) Current Investments (b) Inventories (c) Trade Recievables (d) Cash & Bank Balance (e) Short-term Loans & Advances (f) Other Current Assets Total Current Assets (a+b+c+d+e+f) TOTAL ASSETS (1+2) Important Indicators (i) Investment (ii) Capital Employed (iii) Net Worth (iv) Net Current Assets (v) Cost of Sales (vi) Net Value Added (at market price) (vii) Total Regular Employees (Nos.) (viii) Avg. Monthly Emoluments per Employee(`) (c) Changes in inventories of finished goods, work-inprogress and stock in trade (d) Stores & Spares (e) Power & Fuel (f) Salary, Wages & Benefits/Employees Expense (g) Other Operating/direct/manufacturing Expenses (h) Rent, Royalty & Cess (i) Loss on sale of Assets/Investments (j) Other Expenses Total Expenditure (IV (a to j)) (V) PROFIT BEFORE DEPRECIATION, & IMPAIRMENT, FINANCE CHARGES/INTEREST, EXCEPTIONAL & EXTRAORDINARY ITEMS & TAXES (PBDIEET)(III-IV) (VI) Depreciation, Depletion & Amortisation (VII) Impairment (VIII) PROFIT BEFORE FINANCE COST/INTEREST, EXCEPTIONAL, EXTRA-ORDINARY ITEMS & TAXES (PBIEET)(V-VI-VII) (IX) Finance Cost (a) On Central Government Loans (b) On Foreign Loans (c) Others (d) Less Finance Cost Capitalised (e) Charged to P & L Account (a+b+c -d) (X) PROFIT BEFORE EXCEPTIONAL & EXTRA- ORDINARY ITEMS & TAX (PBEET)(VIII-IXe) (XI) Exceptional Items (XII) PROFIT BEFORE EXTRA-ORDINARY ITEMS & TAX (PBET)(X-XI) (XIII) Extra-Ordinary Items (XIV) PROFIT BEFORE TAX (PBT)(XII-XIII) (XV) TAX PROVISIONS (XVI) NET PROFIT / LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS AFTER TAX(XIV-XV) (XVII) Profit/Loss from discontinuing operations (XVIII) Tax expenses of discontinuing operations (XIX) Profit/Loss from discontinuing operations (after Tax)(XVII-XVIII) (XX) Profit/Loss for the period (XVI+XIX) Financial Ratios (i) Sales : Capital Employed (ii) Cost of Sales : Sales (iii) Salary/Wages : Sales (iv) Net Profit : Net Worth (v) Debt : Equity (vi) Current Ratio (vii) Trade Recievables : Sales (viii) Total Inventory : Sales Public Enterprises Survey : Vol-II 301

8 NHPC Ltd. NHPC Office Complex, Sector-33, Faridabad Haryana The Company NHPC Ltd. (formerly known as National Hydroelectric Power Corp. Ltd.) was incorporated on under the Companies Act, 1956 with an objective of development of Hydro Power. It is a schedule- A listed Miniratna CPSE in power sector under the administrative control of Ministry of Power with 85.96% shareholding by the Government of India. The company employed 8654 regular employees (Executives 3910 & Non-Executives 4744) as on Its registered and corporate office is at Faridabad, Haryana. Vision/Mission The vision of the company is to be a leading organisation for sustainable development of clean power through competent, responsible and innovative values. The mission of the company is to achieve excellence in development of clean power at international standards, to execute & operate projects through efficient and competent contract management and innovative R&D in environment friendly and socio-economically responsive manner, to develop, nurture and empower the human capital to leverage its full potential, to practice the best corporate governance and competent value based management for a strong corporate identity and showing concern for employees, customer, environment and society, to adopt & innovate state-of-the-art technologies and optimize use of natural resources through effective management. Industrial / Business Operations NHPC is engaged in production of electricity. Company has 21 operating power stations (including subsidiary company) at BairaSiul PS and Chamera Power Station-I, II & III, and Parbati III PS in Himachal Pradesh, Loktak PS in Manipur, Salal PS, Uri PS, Dulhasti PS, Sewa-II PS, Chutak PS, NimmoBazgo PS & Uri II PS in Jammu & Kashmir, Tanakpur PS and Dhauliganga PS in Uttarakhand, Rangit PS, Teesta-V PS and TLDV III PS in Sikkim and TLDP IV PS in West Bengal and IndraSagar PS &Omkrashwar PS in Madhya Pradesh. The company is having three subsidiary companies namely Narmada Hydroelectric Development Corp. Ltd. (NHDC), Loktak Hydroelectric Development Corporation Ltd. (LDHCL) and Bundelkhand Saur Urja Ltd. with 51.08%, 74 % and 99.99% equity respectively. Performance Highlights The physical performance of Company during the last three years is given below: Main Products Units Production during Generation of Electricity MU % Capacity Utilization % % 77.70% Total revenue of the company registered an increase of ` crore during , which went up to ` crore in from ` crore in (Fig 1). The profit of the company has gone up by ` crore to ` crore during , from ` crore in previous year mainly due to increase generation by power stations, finalization of tariff in respect of some of the power stations and full year operation of all units of Dhauliganga Power Station.. Return on net worth of the company has increased to 8.49% in from 7.51% in Net profit ratio of the company increased to 32.82% in from 31.23% in (Fig2). The current ratio of company is at 1.78:1 during as against 1.88:1 in the previous year. Balance Sheet and Profit & Loss Account of the company and selected financial ratios during the period to can be seen on the adjoining page. Rs. in Crores Percentage % 30% 25% 20% 15% 10% 5% 0% 0 Strategic Issues 6994 Total Revenue, PBDIEET & PAT Fig.1 Fig Total Revenue PBDIEET PAT 17.68% RoNW and Net Profit Ratio Net Profit Ratio RoNW 31.23% 32.82% 3.75% 7.51% Year 8.49% a) In Chutak and Nimmo Bazo Projects, non-availability of full load / transmission system resulted in running of one unit at part load despite commissioning of all units by Jan, 13 and Nov 13 respectively. b) In TLDP-IV project, HCC s financial crunch condition at site has resulted in delay in completion of project. This has also affected the progress of interfacing activities of HM and E and M contractors. Work resumed from 1 st week of Nov, 14 and with continuous committed efforts by all, two units were commissioned by FY c) In Parbati-II, treatment of shear zone is taking long time due to existing geological conditions and this may delay the completion of project. d) In Kishanganga project, work started late due to delay in opening of Bandipora Gurez road after non-working winter season, this has impacted overall progress of the Project. Further, State cabinet has approved R & R plan for Kishanganga Project, however its early implementation is awaited. Any further disruption in the works will affect the scheduled commissioning of the project. e) In Subansiri Lower, the works of the project are at a standstill since due to agitation / protests by various organization of Assam under apprehension of downstream impact of Dam. 302

9 NHPC LTD. BALANCE SHEET (` in Lakhs) PROFIT & LOSS ACCOUNT (` in Lakhs) I. EQUITY & LIABILITIES (I) Revenue from Operations (Gross) AUTHORISED CAPITAL Less : Excise Duty (1) Shareholders' Funds Revenue from Operations (Net) (a) Share Capital (II) Other Income (i) Central Govt (III) Total Revenue (I+II) (ii) Others (IV) Expenditure on: (b) Reserves & Surplus (a) Cost of materials consumed (c) Money received against share warrants (b) Purchase of stock-in-trade Total Shareholders' Funds (1(a)+1(b)+1(c) (2) Share application money pending allotment (3) Non-current Liabilities (a) Long Term Borrowings (b) Deferred tax liabilities (Net) (c) Other Long-term liabilities (d) Long-term provisions Total Non-Current Liabilities 3(a) to 3(d) (4) Current Liabilities (a) Short Term Borrowings (b) Trade Payables (c) Other current liabilities (d) Short-term provisions Total Current Liabilities 4(a) to 4(d) TOTAL EQUITY & LIABILITIES ( ) II. ASSETS (1) Non-Current Assets (a) Total Gross Fixed Assets (ai) Accumulated Depreciation, Depletion & Amortisation (aii) Accumulated Impairment (b) Total Net Fixed Assets ((a)-(ai)-(aii) (c) Capital work in progress (d) Intangible assets under developmet (e) Non-Current Investments (f) Deferred Tax Assets (Net) (g) Long Term Loans and Advances (h) Other Non-Current Assets Total Non-Current Assets (b+c+d+e+f+g+h) (2) Current Assets (a) Current Investments (b) Inventories (c) Trade Recievables (d) Cash & Bank Balance (e) Short-term Loans & Advances (f) Other Current Assets Total Current Assets (a+b+c+d+e+f) TOTAL ASSETS (1+2) Important Indicators (i) Investment (ii) Capital Employed (iii) Net Worth (iv) Net Current Assets (v) Cost of Sales (vi) Net Value Added (at market price) (vii) Total Regular Employees (Nos.) (viii) Avg. Monthly Emoluments per Employee(`) (c) Changes in inventories of finished goods, work-inprogress and stock in trade (d) Stores & Spares (e) Power & Fuel (f) Salary, Wages & Benefits/Employees Expense (g) Other Operating/direct/manufacturing Expenses (h) Rent, Royalty & Cess (i) Loss on sale of Assets/Investments (j) Other Expenses Total Expenditure (IV (a to j)) (V) PROFIT BEFORE DEPRECIATION, & IMPAIRMENT, FINANCE CHARGES/INTEREST, EXCEPTIONAL & EXTRAORDINARY ITEMS & TAXES (PBDIEET)(III-IV) (VI) Depreciation, Depletion & Amortisation (VII) Impairment (VIII) PROFIT BEFORE FINANCE COST/INTEREST, EXCEPTIONAL, EXTRA-ORDINARY ITEMS & TAXES (PBIEET)(V-VI-VII) (IX) Finance Cost (a) On Central Government Loans (b) On Foreign Loans (c) Others (d) Less Finance Cost Capitalised (e) Charged to P & L Account (a+b+c -d) (X) PROFIT BEFORE EXCEPTIONAL & EXTRA- ORDINARY ITEMS & TAX (PBEET)(VIII-IXe) (XI) Exceptional Items (XII) PROFIT BEFORE EXTRA-ORDINARY ITEMS & TAX (PBET)(X-XI) (XIII) Extra-Ordinary Items (XIV) PROFIT BEFORE TAX (PBT)(XII-XIII) (XV) TAX PROVISIONS (XVI) NET PROFIT / LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS AFTER TAX(XIV-XV) (XVII) Profit/Loss from discontinuing operations (XVIII) Tax expenses of discontinuing operations (XIX) Profit/Loss from discontinuing operations (after Tax)(XVII-XVIII) (XX) Profit/Loss for the period (XVI+XIX) Financial Ratios (i) Sales : Capital Employed (ii) Cost of Sales : Sales (iii) Salary/Wages : Sales (iv) Net Profit : Net Worth (v) Debt : Equity (vi) Current Ratio (vii) Trade Recievables : Sales (viii) Total Inventory : Sales Public Enterprises Survey : Vol-II 303

10 NLC India Limited Mayor Sathya Murthy Road, FSD Egmore Complex of Food Corporation of India, Chetpat, Chennai nlcindia.com The Company NLC India Ltd. (Formerly Neyveli Lignite Corporation Limited) was incorporated on with the objective to carry out detailed exploration of lignite deposits in and around Neyveli region and also to assist / carry out similar exploration work in other parts of the country, with due attention to quality, economy and efficiency. NLC is a Schedule A Navratna listed CPSE in sector under the administrative control of M/o Coal with 90% shareholding by the Government of India. The company employed regular employees (Executives 4111& Non-Executives 11769) as on Its registered office is at Chennai and the corporate office is at Neyveli, Tamil Nadu. Vision / Mission The vision of the company is to emerge as a leading mining and power company, with social responsiveness accelerating nation s growth. The mission of the company is to continue to develop and sustain expertise in power and mining with focus on growth and financial strength, to be socially responsive, achieve sustainable development and be sensitive to emerging environmental issues, strive to achieve excellences in processes and practices and to nurture talent, encourage innovation and foster collaborative culture. Industrial / Business Operations NLC is engaged in exploration and mining of lignite and generation, sale of power through its three mines and four thermal power stations at Neyveli and in Cuddalore district of Tamilnadu and a Mine cum Thermal Power Station at Rajasthan. The company has two subsidiary companies, namely NLC Tamil Nadu Power Ltd (NTPL) with Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) with 89% shareholding and Neyveli Uttar Pradesh Power Limited (NUPPL) with Uttar Pradesh RajyaVidyutUtpadan Nigam Limited (UPRVUNL) with 51% shareholding. The company is also a partner in a joint venture with Mahanadi Coal Fields Ltd. namely MNH Shakti Limited with an equity holding of 15%, Performance Highlights The physical performance during the company for last three years is given below: Main Products Unit Performance during Lignite Production M.T M.U Total revenue of the company registered an increase of ` crore during , which went up to ` crore in from ` crore in However the profit of the company has gone down by ` crore to ` crore in , from ` crore in previous year due to unprecedented rainfall and flood which resulted in loss of Lignite production consequently affecting the power generation. Return on net worth of the company has decreased to 7.78% in from 10.62% in Net profit ratio of the company has decreased to 18.06% in from 25.95% in (Fig.2). The current ratio of company is at 3.42:1 during as against 3.60:1 in the previous year. Balance Sheet and Profit & Loss Account of the company and selected financial ratios during the period to can be seen on the adjoining page. Rs. in Crore Percentage % 25% 20% 15% 10% 5% 0% Strategic issue Total Revenue, PBDIEET & PAT Fig Total Revenue PBDIEET PAT RoNW and Net Profit Ratio 25.17% 25.95% 10.80% Fig % Net Profit Ratio RoNW Year 18.06% 7.78% Under green energy development, the company has undertaken the projects a) Wind Power Project (51MW) at Kazhuneerkulam, Thirunelveli District. b) Neyveli Solar Power project 130MW at Neyveli. c) Barsingsar Solar Power Project 130MW at Barsingsar in Rajasthan. The Government of India allotted Talibira II & III Coal Blocks tothe company to meet the fuel requirement of proposed Sirkali TPS and JV project of NVPPL and NTPL. 304

11 NLC INDIA LTD. BALANCE SHEET (` in Lakhs) PROFIT & LOSS ACCOUNT (` in Lakhs) I. EQUITY & LIABILITIES (I) Revenue from Operations (Gross) AUTHORISED CAPITAL Less : Excise Duty (1) Shareholders' Funds Revenue from Operations (Net) (a) Share Capital (II) Other Income (i) Central Govt (III) Total Revenue (I+II) (ii) Others (IV) Expenditure on: (b) Reserves & Surplus (a) Cost of materials consumed (c) Money received against share warrants (b) Purchase of stock-in-trade Total Shareholders' Funds (1(a)+1(b)+1(c) (2) Share application money pending allotment (3) Non-current Liabilities (a) Long Term Borrowings (b) Deferred tax liabilities (Net) (c) Other Long-term liabilities (d) Long-term provisions Total Non-Current Liabilities 3(a) to 3(d) (4) Current Liabilities (a) Short Term Borrowings (b) Trade Payables (c) Other current liabilities (d) Short-term provisions Total Current Liabilities 4(a) to 4(d) TOTAL EQUITY & LIABILITIES ( ) II. ASSETS (1) Non-Current Assets (a) Total Gross Fixed Assets (ai) Accumulated Depreciation, Depletion & Amortisation (aii) Accumulated Impairment (b) Total Net Fixed Assets ((a)-(ai)-(aii) (c) Capital work in progress (d) Intangible assets under developmet (e) Non-Current Investments (f) Deferred Tax Assets (Net) (g) Long Term Loans and Advances (h) Other Non-Current Assets Total Non-Current Assets (b+c+d+e+f+g+h) (2) Current Assets (a) Current Investments (b) Inventories (c) Trade Recievables (d) Cash & Bank Balance (e) Short-term Loans & Advances (f) Other Current Assets Total Current Assets (a+b+c+d+e+f) TOTAL ASSETS (1+2) Important Indicators (i) Investment (ii) Capital Employed (iii) Net Worth (iv) Net Current Assets (v) Cost of Sales (vi) Net Value Added (at market price) (vii) Total Regular Employees (Nos.) (viii) Avg. Monthly Emoluments per Employee(`) (c) Changes in inventories of finished goods, work-inprogress and stock in trade (d) Stores & Spares (e) Power & Fuel (f) Salary, Wages & Benefits/Employees Expense (g) Other Operating/direct/manufacturing Expenses (h) Rent, Royalty & Cess (i) Loss on sale of Assets/Investments (j) Other Expenses Total Expenditure (IV (a to j)) (V) PROFIT BEFORE DEPRECIATION, & IMPAIRMENT, FINANCE CHARGES/INTEREST, EXCEPTIONAL & EXTRAORDINARY ITEMS & TAXES (PBDIEET)(III-IV) (VI) Depreciation, Depletion & Amortisation (VII) Impairment (VIII) PROFIT BEFORE FINANCE COST/INTEREST, EXCEPTIONAL, EXTRA-ORDINARY ITEMS & TAXES (PBIEET)(V-VI-VII) (IX) Finance Cost (a) On Central Government Loans (b) On Foreign Loans (c) Others (d) Less Finance Cost Capitalised (e) Charged to P & L Account (a+b+c -d) (X) PROFIT BEFORE EXCEPTIONAL & EXTRA- ORDINARY ITEMS & TAX (PBEET)(VIII-IXe) (XI) Exceptional Items (XII) PROFIT BEFORE EXTRA-ORDINARY ITEMS & TAX (PBET)(X-XI) (XIII) Extra-Ordinary Items (XIV) PROFIT BEFORE TAX (PBT)(XII-XIII) (XV) TAX PROVISIONS (XVI) NET PROFIT / LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS AFTER TAX(XIV-XV) (XVII) Profit/Loss from discontinuing operations (XVIII) Tax expenses of discontinuing operations (XIX) Profit/Loss from discontinuing operations (after Tax)(XVII-XVIII) (XX) Profit/Loss for the period (XVI+XIX) Financial Ratios (i) Sales : Capital Employed (ii) Cost of Sales : Sales (iii) Salary/Wages : Sales (iv) Net Profit : Net Worth (v) Debt : Equity (vi) Current Ratio (vii) Trade Recievables : Sales (viii) Total Inventory : Sales Public Enterprises Survey : Vol-II 305

12 NLC Tamilnadu Power Ltd. First floor, No.8, Mayor Sathyamurthy Road, FSD, Egmore Complex Food Corporation of India, Chennai The Company NLC Tamilnadu Power Limited (NTPL) was incorporated on with objective of generation of power. NTPL is a joint venture setup between Neyveli Lignite Corporation Ltd. (NLC) and Tamilnadu Generation and Distribution Corporation Limited (TANGEDCO) for establishing 2x500 MW power plant at Tuticorin, Tamil Nadu. NTPL is a uncategorized CPSE under Sector under the administrative control of Ministry of Coal with 89% shareholding by Neyveli Lignite Corporation Ltd and 11% by TANGEDCO. The company employed 232 regular employees (Executives 222 & Non- Executives 10) as on Its registered and corporate offices are at Chennai. Vision The vision of the company is to strive for operational excellence in power generation and to emerge as environmental friendly and socially responsible leading power company. Mission The mission of the company is to strive towards greater cost competitiveness and work towards continued financial strengths; to continually imbibe best practices from the best Indian and international organizations engaged in power generation and to play an active role in society and be sensitive to emerging environmental issues. Industrial / Business Operations NTPL is engaged in power generation and has established 2x500 MW coal based Thermal Power Plant at Tuticorin, Tamil Nadu and commercial operation of the Unit I & II of the said power plant has been declared on and respectively. The company has planned to install solar power project in the state of Tamil Nadu. Performance Highlights The physical performance of the company during the year : Performance Gross generation Net generation PLF Unit MU MU 45.14% Unit MU MU 38.09% Station MU MU 41.61% The company registered a revenue of ` crore during and reported a loss of `(-) crore during Return on net worth of the company is negative at (-) 8.88% in Net profit ratio of the company is also negative at (-)13.03% in The current ratio of company is at 0.65:1 during as against 0.11:1 in the previous year. Balance Sheet and Profit & Loss Account of the company and selected financial ratios during the period can be seen on the adjoining page. 306

13 NLC TAMIL NADU POWER LTD. BALANCE SHEET (` in Lakhs) PROFIT & LOSS ACCOUNT (` in Lakhs) I. EQUITY & LIABILITIES (I) Revenue from Operations (Gross) AUTHORISED CAPITAL Less : Excise Duty (1) Shareholders' Funds Revenue from Operations (Net) (a) Share Capital (II) Other Income (i) Central Govt (III) Total Revenue (I+II) (ii) Others (IV) Expenditure on: (b) Reserves & Surplus (a) Cost of materials consumed 8099 (c) Money received against share warrants (b) Purchase of stock-in-trade Total Shareholders' Funds (1(a)+1(b)+1(c) (c) Changes in inventories of finished goods, (2) Share application money pending allotment work-in-progress and stock in trade (d) Stores & Spares (3) Non-current Liabilities (e) Power & Fuel (a) Long Term Borrowings (b) Deferred tax liabilities (Net) (c) Other Long-term liabilities (d) Long-term provisions Total Non-Current Liabilities 3(a) to 3(d) (4) Current Liabilities (a) Short Term Borrowings (b) Trade Payables (c) Other current liabilities (d) Short-term provisions Total Current Liabilities 4(a) to 4(d) TOTAL EQUITY & LIABILITIES ( ) II. ASSETS (1) Non-Current Assets (a) Total Gross Fixed Assets (f) Salary, Wages & Benefits/Employees Expense (g) Other Operating/direct/manufacturing Expenses (h) Rent, Royalty & Cess (i) Loss on sale of Assets/Investments (j) Other Expenses Total Expenditure (IV (a to j)) (V) PROFIT BEFORE DEPRECIATION, & IMPAIRMENT, FINANCE CHARGES/INTEREST, EXCEPTIONAL & EXTRAORDINARY ITEMS & TAXES (PBDIEET)(III-IV) (VI) Depreciation, Depletion & Amortisation (VII) Impairment (VIII) PROFIT BEFORE FINANCE COST/INTEREST, EXCEPTIONAL, EXTRA- ORDINARY ITEMS & TAXES (PBIEET)(V-VI-VII) (IX) Finance Cost (ai) Accumulated Depreciation, Depletion & Amortisation (a) On Central Government Loans (aii) Accumulated Impairment (b) Total Net Fixed Assets ((a)-(ai)-(aii) (c) Capital work in progress (d) Intangible assets under developmet (e) Non-Current Investments (f) Deferred Tax Assets (Net) 847 (g) Long Term Loans and Advances 48 (h) Other Non-Current Assets Total Non-Current Assets (b+c+d+e+f+g+h) (2) Current Assets (a) Current Investments (b) Inventories (c) Trade Recievables (d) Cash & Bank Balance (e) Short-term Loans & Advances (f) Other Current Assets Total Current Assets (a+b+c+d+e+f) TOTAL ASSETS (1+2) Important Indicators (i) Investment (ii) Capital Employed (iii) Net Worth (iv) Net Current Assets (v) Cost of Sales (vi) Net Value Added (at market price) (vii) Total Regular Employees (Nos.) (viii) Avg. Monthly Emoluments per Employee(`) (b) On Foreign Loans (c) Others (d) Less Finance Cost Capitalised (e) Charged to P & L Account (a+b+c -d) (X) PROFIT BEFORE EXCEPTIONAL & EXTRA- ORDINARY ITEMS & TAX (PBEET)(VIII-IXe) (XI) Exceptional Items (XII) PROFIT BEFORE EXTRA-ORDINARY ITEMS & TAX (PBET)(X-XI) (XIII) Extra-Ordinary Items (XIV) PROFIT BEFORE TAX (PBT)(XII-XIII) (XV) TAX PROVISIONS (XVI) NET PROFIT / LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS AFTER TAX(XIV-XV) (XVII) Profit/Loss from discontinuing operations (XVIII) Tax expenses of discontinuing operations (XIX) Profit/Loss from discontinuing operations (after Tax)(XVII-XVIII) (XX) Profit/Loss for the period (XVI+XIX) Financial Ratios (i) Sales : Capital Employed (ii) Cost of Sales : Sales (iii) Salary/Wages : Sales (iv) Net Profit : Net Worth (v) Debt : Equity (vi) Current Ratio (vii) Trade Recievables : Sales (viii) Total Inventory : Sales Public Enterprises Survey : Vol-II 307