MIRA
INFORM REPORT
|
Report Date : |
26.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
NATIONAL
THERMAL POWER CORPORATION LIMITED |
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Registered
Office : |
NTPC
Bhawan, SCOPE Complex 7, Institutional Area, |
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Country
: |
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Financials
(as on) : |
31.03.2007 |
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Date
of Incorporation : |
07.11.1975 |
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Com.
Reg. No.: |
55-7966 |
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CIN
No.: |
L40101DL1975PLC007966 |
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TAN
No.: [Tax Deduction & Collection
Account No.] |
DELN07815D |
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PAN
No.: [Permanent Account No.] |
AAATN1336J |
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Legal
Form : |
A
Public limited liability company. The company’s shares are listed on the
Stock Exchange. |
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Line
of Business : |
Electricity
Generating Company with the Objectives of Construction, Operation and
Maintenance of Super Thermal Power Stations and their Associated Transmission
Lines. |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for
credit transaction. It has above average (strong) capability for payment of
interest and principal sums |
Large |
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Maximum Credit Limit : |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a well-established and reputed company of Government of India. Available information
indicates high financial responsibility of the company. Financial position of
the company is good. Payments are usually correct and as per commitments. The
company can be considered good for any normal business dealings. |
LOCATIONS
|
Registered
Office : |
NTPC
Bhawan, SCOPE Complex 7, Institutional Area, |
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Tel.
No.: |
91-11-24361557/24361012/24360100
(10 Lines) |
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Fax
No.: |
91-11-24368417/24361018 |
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E-Mail
: |
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Website
: |
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NTPC
Regional Offices: |
R
& D, Centre, 8A, Sector - 24, Noida - 201301, Distt. Tel. No.
91-20-24410333 (10 Lines) / 24410133 (5 Lines)/ 24410116 (5 Lines) Fax.
No. 91-20-24410311 Engineering office complex Plot
NO. 8A, Sector -16A, Noida - 201301, Dist. Ghazibad, Uttar Pradesh Tel.
No. 91-118-24410333 (10 Lines)/24410133 (5 Lines)/24410116 (5 Lines) Fax.
No. 91-118-24410136/24410137 Power management institute Plot
No. 5 to 14, Sector - 16A, Noida - 201301, Dist. Tel.
No. 91-118-24515214-217/24515221/24515223-230 Fax.
No. 91-118-24515210/4515213/24515234 Website.
http://www.pmintpc.com Consultancy wing Core
No.6, 7th Floor, Scope Complex, 7, Tel.
No. 91-11-24360100/24361097/24361665/24365812/24362009 Fax.
No. 91-11-24361903/24360910/24360898 Center
satellite earth station (cces) Pipeline
Road, Muradnagar, Distt. Ghaxiabad - 201206, Uttar Pradesh Tel.
No. 91-118-241285 |
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Corporate
Office : |
Core
5, Second Floor, SCOPE Complex, |
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Tel.
No.: |
91-11-24365088 |
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Fax
No.: |
91-11-24361903
/ 3064 / 1781 |
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Regional
Headquarters : |
Eastern REGION 2nd
Floor, Tel.
No. 91-612-2232127 Fax.
No. 91-612-2230758/2230035 E-mail:
ntpcer@vsnl.com National
Capital Region
Tel.
No. 91-118-24410333 (10 Lines)/24410133 (5 Lines)/24410116(5 Lines) Fax.
No. 91-118-24410311 Northern region Ist
Floor, B-1, Block Picup, Bhawan Vibhuti, Khand, Gomti Nagar, Lucknow-226010,
Uttar Pradesh Tel.
No. 91-522-2395870/2394630/2395604 Fax.
No. 91-522-2398941/2391816 Tel.
No. 91-532-2621989/2621990/2621984 Fax.
No. 91-532-2621981 E-mail.
ntpc/allahabad@dartmail.dolnet.com 2nd
and 5th Floors, M.C.H.Complex, Tel.
No. 91-40-27717267-70 Fax.
No. 91-40-27800743/27804516 E-mail.
ntpcsr@ap.nic.in Western region Samruddhi
Trade Centre, 2nd Floor, MIDC, Marol Andheri (East), Mumbai-400093, Tel.
No. 91-22-28310213/28227762/28310214/28209197 Fax.
No. 91-22-28310218/28310219 |
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Thermal
Power Stations: |
Dadri,
Tanda, Unchahar, Kahalgaon, Farakka, Rihand, Kobra, Talcher TPS, Vindhyachal,
Singrauli, Ramagundam and Simhadri |
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NTPC
Managed Stations: |
Located
at Badarpur and Balgo |
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Gas
Power Stations |
Anta,
Auraiya, Gandhar, Kawas and Kayamkulam |
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Branches
: |
Shakti
Nagar, 23122, Dist. Mirzapur, Uttar Pradesh |
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Projects
: |
Anta
Gas Power Project P.O.-Anta,
Distt-Baran-325209 Rajasthan Auraiya
Gas Power Station P.O.-Dibiyapur,
Distt-Auraiya-206244, Uttar
Pradesh Barn
Super Thermal Power Project Malayan!
I Buddha Colony, Patna-800001,
Badarpur
Thermal Power Station Badarpur, New
Delhi-110044 Farakka
Super Thermal Power Station P.O.
Nabarun-742236, District-Murshidabad, Village
- Mujhedi P.O.
Neemka, District – Feroz Gandhi Unchahar Thermal Power Project P.O.
Unchahar, District -Raibareilly, Uttar Pradesh Jhanor-Gandhar
Gas Power Project P.O.-Urja
Nagar, Jhanor, District -Bharuch Gujarat-392215 Korba
Super Thermal Power Station P. O.
Vikas Bhawan, Jamanipali - 495450 District
Korba, Chhattisgarh Kahalgaon
Super Thermal Power Project P.O.-Kahalgaon,
District-Bhagalpur-813214, Kawas
Gas Power Project P.O.
- Adityanagar, Kayamkulam
Combined Cycle Power
Project, P.O. Choolatheruvu, District-
Alappuzha - 690506, Kerala Koldam Hydroelectric Power Project P.O. Barmana,
District Bilaspur-174013, Himachal Pradesh National
Capital Power Station Vidyut
Nagar, District Gautam Budh Nagar- 201008, Uttar Pradesh Loharinag-Pala Hydroelectric Power Project 27
& 28, Maneri Colony, P.O. Maneri, District Uttarkashi - 249194 Uttaranchal Ramagundam
Super Thermal Power Station P.O.
Jyotinagar, District - Karimnagar- 505215, Andhra Pradesh Rihand
Super Thermal Power Project P.O.
Rihandnagar, District -Sonebhadra - 231223, Uttar Pradesh Simhadri
Thermal Power Project P.O.
NTPC Simhadri, District Singrauli
Super Thermal Power Station P.O.
Shaktinagar, District Sonebhadra - 231222, Uttar Pradesh Sipat
Super Thermal Power Station P.O.
Sipat, Distt. Bilaspur - 495006 Chhattisgarh Talcher
Super Thermal Power Project P.O.
Deepsikha (Kaniha) Distt.
- Angul - 759147, Orissa Talcher
Thermal Power Station P.O. Talcher
Thermal, Distt.-Angul - 759101 Orissa Tanda
Thermal Power Station P.O.
Vidyut Nagar Distt.
Ambedkar Nagar - 224238, Uttar
Pradesh Tapoban Vishnugad Hydroelectric Power Project Ranigram,
Joshi Math, P.O.
Joshi Math, Distt. Chamoli - 246443 Uttarancha Vindhyachal
Super Thermal Power Station P.O.-Vindhyanagar Distt-Sidhi
- 486885, Madhya
Pradesh |
DIRECTORS
|
Name
: |
Shri Chandan Roy |
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Designation
: |
Director
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Date
of Birth/Age : |
16.07.1950 |
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Qualification
: |
Graduate in Mechanical Engineering |
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Expertise
in specific functional
area: |
Shri
Chandan Roy is Power Engineer with rich and varied experience of about 33
years. He has worked for ACC Vickers Babcock Limited and Babcock &
Wilcox, |
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Directorship
held in
other companies: |
Chairman •
Ratnagiri Gas and Power Private Limited Part-time
Director •
NTPC Vidyut Vyapar Nigam Limited •
Nuclear Power Corporation of India Limited •
Northern Coalfields Limited •
Damodar Valley Corporation |
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Date
of Appointment : |
01.01.2004 |
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Name
: |
Mr. G. P. Gupta |
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Designation
: |
Director |
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Date
of Birth/Age : |
11.01.1941 |
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Qualification
: |
Post Graduate in Commerce |
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Expertise
in specific functional
area: |
Shri G.P. Gupta had been the Chairman and Managing
Director of IDBI and Chairman of UTI. He has 40 years of experience in
various financial institutions and held Directorships in various
organizations like LIC, GIC, EXIM Bank, IFCI and BHEL in the past. |
|
Directorship
held in
other companies: |
Part-time Chairman 1 Emkay Share and Stock Brokers Limited Part-time Director 1 2 SIDBI Venture Capital Limited 3 The Jammu & Kashmir Bank Limited 4 PTC India Limited 5 Swaraj Engines Limited 6 M.P. Power Generation Company Limited 7 Birla Sun Life Insurance Company Limited 8 Aditya Birla Nuvo Limited 9 Su-Raj Diamonds & Jewellery Limited 10 Shree Digvijay Cement Company Limited 11 Power Finance Corporation Limited 12 Idea Cellular Limited 13 S-lnfra Limited |
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Memberships/Chairmanship of
Committees across all
Public Companies |
NTPC Limited Chairman- Audit Committee Hindustan Aeronautics Limited Chairman- Audit Committee Power Finance Corporation Limited Chairman- Audit Committee Swaraj Engines Limited Chairman- Audit Committee Idea Cellular Limited Chairman- Audit Committee The Jammu & Kashmir Bank Limited Member - Audit Committee Birla Sun Life Insurance Company
Limited Member - Audit Committee Aditya Birla Nuvo Limited Member - Audit Committee PTC India Limited Member - Audit Committee Shree Disvijay Cement Limited Member - Audit Committee |
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Date
of Appointment : |
30.01.2006 |
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Name
: |
Mr. M. I. Beg |
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Designation
: |
Director |
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Date
of Birth/Age : |
30.06.1939 |
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Qualification
: |
Masters Degree in Economics and Bachelor of Science in
Electrical Engineering |
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Expertise
in specific functional
area: |
Shri Mirza Ishtiaq Beg is former Chairman of Central
Electricity Authority & Ex-officio Secretary to the Government of India.
Shri M.I. Beg was with Central Electricity Authority for 34 years and has
been earlier on the Board of Power Finance Corporation Limited and Nuclear
Power Corporation of India Limited. |
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Directorship
held in other
companies: |
NTPC Limited Member - Audit Committee |
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Date
of Appointment : |
30.01.2006 |
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Name
: |
Mr. K. B. Dubey |
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Designation
: |
Director |
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Date
of Birth/Age : |
25.07.1949 |
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Qualification
: |
Graduate in Mechanical Engineering |
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Expertise
in specific functional
area: |
Shri Kailash Bihari Dubey has worked in NTPC in different
capacities and in variegated areas. He has headed various projects, Region and Corporate Groups in
NTPC such as Faridabad Gas Power Project, Koldam Hydro Power Project, Hydro
Region and Corporate Monitoring Group and has earned laurels in both
Professional and Administrative Capacities. |
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Directorship
held in
other companies: |
Part-time Director 1. NTPC Hydro Limited |
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Date
of Appointment : |
12.01.2007 |
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Name
: |
Mr. Rajesh Verma |
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Designation
: |
Director |
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Date
of Birth/Age : |
01.09.1964 |
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Qualification
: |
Graduate in Electrical Engineering |
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Expertise
in specific functional
area: |
Shri Rajesh Verma is an officer of Indian Administrative
Service, Orissa cadre. He has held various posts in both the State
Governments of Orissa and Rajasthan. Prior to his joining as a Joint
Secretary & Financial Adviser, Ministry of Power, Government of India
with effect from 02.07.2007, he has held the post of Director (Hydro),
Ministry of Power. |
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Directorship
held in
other companies: |
Part-time Director 1 . Rural Electrification Corporation Limited 2. Tehri Hydro Development Corporation Limited 3. Satluj Jal Vidyut Nigam Limited |
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Memberships/Chairmanship of
Committees across all
Public Companies |
NTPC Limited Chairman - Shareholders' / Investors' Grievance Committee Member - Audit Committee |
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Date
of Appointment : |
23.07.2007 |
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Name : |
Mr. T. Sankaralingam |
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Designation : |
Director |
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Name : |
Shri R.K. Jain |
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Designation : |
Director |
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Date of Birth/Age : |
15.12.49 - 55 yrs |
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Qualification : |
Graduate in Mechanical Engineering |
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Expertise in specific functional area: |
Shri R.K. Jain has experience of over 33 years in thermal
power projects. He has worked with Central Electricity Authority also. He is
also spearheading NTPC's globalization initiatives in the areas of
O&M,R&M and Engineering Services for Power Plants in various parts of
the world. |
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Directorship held in other companies: |
Part-time Director • NTPC-Electric Supply Company Limited • NTPC Tamil Nadu Energy Company Limited |
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Memberships/Chairmanship of Committees across all Public Companies |
NTPC Member Committee for Contracts Project Committee Shareholders/ Investors Grievance Committee |
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Date of Appointment : |
05.05.2005 |
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Name
: |
Shri R.S. Sharma |
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Designation
: |
Director
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Date
of Birth/Age : |
10.08.50 - 55 yrs |
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Qualification
: |
Graduate
in Mechanical Engineering |
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Expertise
in specific functional
area: |
Shri
R.S. Sharma has vast and rich experience of around 34 years in Thermal Power
Stations. Prior to joining NTPC, he has Worked
in |
|
Directorship
held in
other companies: |
• NTPC
- SAIL Power Company Private Limited • Bhilai Electric Supply
Company Private Limited Part-time Director • NTPC-Electric Supply Company
Limited • NTPC Vidyut Vyapar Nigam Limited
PTC ( Power
Private Limited |
|
Memberships/Chairmanship of
Committees across all
Public Companies |
NTPC
Member Project Committee 1 nvestment/Contri bution Committee
NTPC Vidyut Vyapar Nigam Limited (NWN) Member Audit
Committee |
|
Date
of Appointment : |
08.10.2004 |
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Name
: |
Shri A.K. Singhal |
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Designation
: |
Director
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Date
of Birth/Age : |
10.01.54 - 51 yrs. |
|
Qualification
: |
Chartered Accountant |
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Expertise
in specific functional
area: |
Shri
A.K. Singhal has with him vast and rich professional experience
of over 28 years of handling all the facets in Corporate Finance and
Accounts. Prior to joining NTPC as Executive
Director (Fin.) in 2001, he has worked as Executive Director (Finance) in
National .fertilizers Limited as head of Finance
& Accounts department, and has also worked in Krishak
Bharati Cooperative Limited (KRIBHCO) and Engineering Projects of India
Limited (EPIL). |
|
Directorship
held in
other companies: |
Part-time
Director • NTPC-Electric Supply Company Limited •
NTPC Hydro Limited • NTPC Vidyut Vyapar Nigam Limited •
NTPC Tamil Nadu Energy Company Limited • Utility Powertech Limited • NTPC
–SAIL Power Company Private Limited •Bhilai
Electric Supply Company Private Limited • NTPC Alstom Power Services Private
Limited • Ratnagiri Gas and Power Private Limited |
|
Memberships/Chairmanship of
Committees across all
Public Companies |
Chairmanship
of Committees across all Public Companies 1
Member Project Committee 1 nvestment/Contri butionCommittee NTPC Vidyut
Vyapar Nigam Limited (NWN) Member
Audit Committee Member Committee for Contracts Project
Committee Shareholders/ Investors Grievance Committee
Member Audit Committee Committee
for Contracts Project Committee j. NTPC Member Committee
for Contracts Project Committee Committee on Management
Controls Securities Allotment/ Transfer Committee Shareholders/Investors
Grievance Committee Investment/Contribution
Committee NWN Member Audit Committee Utility Powertech Limited Member Finance
Committee Investment
Committee Personnel Management Committee Contracts Committee |
|
Date
of Appointment : |
01.08.2005 |
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|
Name
: |
Mr. R. K. Pachauri |
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Designation
: |
Director |
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Name
: |
Mr. Gian Prakash
Gupta |
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Designation
: |
Director |
KEY EXECUTIVES
|
Name : |
Mr. A. K. Rastogi |
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Designation : |
Secretary |
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Executive Directors : |
Mr. Jha, M. Mr. Trivedi, S. Mr. Agrawal, G. K. Mr. Sonde, R. R. Mr. Singh B. P. Mr. Jha J. Mr. Yadav S. R. Mr. Kapoor L M. Mr. Misra Narendra Nath Mr. Dave Ambarish Nath Mr. Kundu A. K. Mr. Kumar Swatantra Mr. Kumar Dinesh Mr. Pandey B. Mr. Mohapatra J. Mr. Krishnamurthy R. Mr. Jain D. K. Mr. Kapoor, I J. Mr. Pandey, S. N. Mr. Banerjee, S. N. Mr. Vishwa Roop |
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General
Managers: |
Ř
S/Shri Ř
Pandey S.N. Ř
Bose Rabindra Ř
Prasad Mathura Ř
Singh Prem Prakash Ř
Chakrabarti A.K. Ř
Kalia Om Parkash Ř
Kumar Swatantra Ř
Ray Manoj Kumar Ř
MaitraA.K. Ř
Sivaramakrishnan Krishnam Ř
Rama Rao R. Ř
Sharma Suresh Chandra Deo Ř
Kumar Dinesh Ř
Perwaiz Mohd Abdul Anam Ř
Mohapatra J. Ř
Prashad Tarun Kumar Ř
RoopV. Ř
Pandey I. Ř
Banerjee Some Nath Ř
Mandal B.K. Ř
Gupta Vijay Ř
Mittal H.C. ' Ř
Nagrajan K Ř
Choudhary V.N. Ř
Banerjee Mukul Ř
Chakraborty Pradip Kumar Ř
Prasad L. Ř
Chatterjee T.K. Ř
Vijayakumar C. Ř
Chowdhury B. Ř
Sinha Shiva Kumar Ř
Sikder Jiban Ř
Jain V. Ř
Chandra S. Ř
Sen R.N. Ř
Mattoo Rattan Lai Ř
Krishnamurthy R. Ř
Jawada Vinod Kumar Ř
Bose Sankar Lai Ř
Chatterjee Subir Ř
Chaturvedi A.C. Ř
Jain Dinesh Kumar Ř
Agarwal Kamal Kumar Ř
Gupta L.D. Ř
Rajeshwar D. Ř
Mediratta Sham Sunder Ř
Modi Pradeep Kumar Ř
Binepal H.S. Ř
Sharma N.K. Ř
Soi/i Malvinder Singh Ř
Agrawal G.D. Ř
Bajpaie Anajn Kumar Ř
Chawla M.S. Ř
Singh Karnam Ř
Banerji Ashok Kumar Ř
Gopal Ram Ř
Singh R.P Ř
De S.B. Ř
Kurien Ashoka Ř
RoyP.K. Ř
Pradhan Bisikeshan Ř
Agrawal P.K. Ř
Maken O.P. Ř
Saxena A.K. Ř
K Siva Kumar Ř
Sohal T.R. Ř
Sehdev Ashok Kumar Ř
R Ramesh Ř
Choudhary Dilip Kumar Ř
Dutta S.K. Ř
Dhup Rakesh Chander Ř
Mehta J.K. Ř
Ř
Gupta R.P. Ř
Adesh Kumar Ř
Joshi D.P. Ř
Sharma Vinod Ř
Jha A.K. Ř
Agrawal D.K. Ř
Sharma KaushaI Kishore Ř
Anand Sharad Ř
G Amudhan Ř
Ř
Hindwan P.D. Ř
Deshpande GJ. Ř
Reddy V.K. Ř
Nagakumar C.N. Ř
AhujaAnil Kumar |
SHAREHOLDING PATTERN
|
Names of Shareholders |
No.
of Shares |
Percentage
of Holding |
|
GOI |
7379634400 |
89.50 |
|
Flls |
581304573 |
7.05 |
|
Indian
Public |
147784871 |
1.79 |
|
Banks
& Fl |
6443352 |
0.08 |
|
Private
Corp. Bodies |
26986675 |
0.33 |
|
Mutual
Funds |
45789389 |
0.55 |
|
NRI
/ OCBs |
2785072 |
0.03 |
|
Others |
54736068 |
0.67 |
|
Total |
8245464400 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Electricity
Generating Company with the Objectives of Construction, Operation and
Maintenance of Super Thermal Power Stations and their Associated Transmission
Lines. |
|
|
|
|
Products : |
Ř
Generation of Electricity Ř
Consultancy Services Management of Power Stations |
|
|
|
|
Imports : |
|
|
Countries
: |
|
PRODUCTION STATUS
|
Particulars |
|
|
|
Installed Capacity |
|
Coal
- MW Commercial Units |
|
|
|
22497 |
GENERAL INFORMATION
|
No. of Employees : |
24375 |
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Bankers : |
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|
Facilities
: |
|
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name
: |
Ř
Kalani & Company Chartered Accountants Ř
Amit Ray& Company Chartered Accountants Ř
Umamaheshwara Rao & Company Chartered Accountants Ř
S.N. Nanda & Company Chartered Accountants Ř
T. R. Chadha & Company Chartered
Accountants |
|
|
|
|
Associates/Subsidiaries : |
Ř
Pipavav Power Development Company Limited Ř
Gujarat Power Corporation Limited Ř
NTPC Electric Supply Company Limited Ř
NTPC Hydro Limited Ř
NTPC Vidyut Vyapar Nisam Limited Ř
Vaishali Power generating Company Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10,000,000,000 |
Equity
Shares |
Rs.10/- each |
Rs. 100000.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8,245,464,400 |
Equity
Shares |
Rs.10/- each |
Rs. 82455.000 millions |
FINANCIAL DATA
[all
figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
82455.000 |
82455.000 |
82455.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
403513.000 |
367132.000 |
3353080.00 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
485968.000 |
449587.000 |
3435535.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
68229.000 |
57327.000 |
44407.000 |
|
|
2] Unsecured Loans |
176615.000 |
144646.000 |
126471.000 |
|
|
TOTAL
BORROWING |
244844.000 |
201973.000 |
170878.000 |
|
|
DEFERRED TAX LIABILITIES |
1.000 |
1.000 |
1.000 |
|
|
Deferred Revenue on account of
Advance against Depreciation |
6567.000 |
4408.000 |
3374.000 |
|
|
|
|
|
|
|
|
TOTAL |
737380.000 |
655969.000 |
592016.000 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
256481.000 |
230895.000 |
223148.000 |
|
|
Capital work-in-progress |
128567.000 |
103999.000 |
67063.000 |
|
|
Construction Stores and Advances |
39825.000 |
32341.000 |
32222.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
160943.000 |
192891.000 |
207977.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
25102.000
|
23405.000 |
17777.000 |
|
|
Sundry Debtors |
12523.000
|
8678.000 |
13747.000 |
|
|
Cash & Bank Balances |
133146.000
|
84714.000 |
60783.000 |
|
|
Other Current Assets |
10580.000
|
10161.000 |
9714.000 |
|
|
Loans & Advances |
40476.000
|
30287.000 |
27052.000 |
|
Total Current Assets |
221827.000
|
157245.000 |
129073.000 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
54221.000
|
49102.000 |
52306.000 |
|
|
Provisions |
16042.000
|
12300.000 |
15161.000 |
|
Total Current Liabilities |
70263.000
|
61402.000 |
67467.000 |
|
|
Net Current Assets |
151564.000
|
95843.000 |
61606.000 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
737380.000 |
655969.000 |
592016.000 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
325952.000 |
267016.000 |
255460.000 |
|
|
Other Income |
27855.000 |
26377.000 |
|
|
|
Total Income |
353807.000 |
293393.000 |
255460.000 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
89074.000 |
66087.000 |
60782.000 |
|
|
Provision for Taxation |
20427.000 |
7885.000 |
2712.000 |
|
|
Profit/(Loss) After Tax |
68647.000 |
58202.000 |
58070.000 |
|
|
|
|
|
|
|
|
Earnings in Foreign Currency : |
|
|
|
|
|
Total Earnings |
NA |
NA |
5.000 |
|
|
|
|
|
|
|
|
Imports : |
|
|
|
|
|
Total Imports |
NA |
NA |
1452.000 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Fuel |
198181.000 |
163947.000 |
|
|
|
Employees'
remuneration and benefits |
11580.000 |
9684.000 |
|
|
|
Generation,
administration & other expenses |
15619.000 |
12721.000 |
194780.000 |
|
|
Depreciation |
20754.000 |
20477.000 |
|
|
|
Provisions |
114.000 |
357.000 |
|
|
|
Interest
and finance charges |
18594.000 |
17632.000 |
|
|
Total Expenditure |
264842.000 |
224818.000 |
194780.000 |
|
QUARTERLY
RESULTS
|
PARTICULARS |
|
|
30.06.2007 |
|
Type |
|
|
1 Qtr
|
|
Sales Turnover |
|
|
89697.000
|
|
Other Income |
|
|
7181.000
|
|
Total Income |
|
|
96878.000
|
|
Total Expediture |
|
|
62752.000
|
|
Operating Profit |
|
|
34126.000
|
|
Interest |
|
|
278.000
|
|
Gross Profit |
|
|
33848.000
|
|
Depreciation |
|
|
4914.000
|
|
Tax |
|
|
5235.000
|
|
Reported PAT |
|
|
23699.000
|
KEY
RATIOS
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
Debt Equity Ratio |
0.47 |
0.43 |
0.42 |
|
Long Term Debt Equity Ratio |
0.47 |
0.43 |
0.42 |
|
Current Ratio |
2.15 |
1.86 |
1.65 |
|
TURNOVER RATIOS |
|
|
|
|
Fixed Assets |
0.68 |
0.60 |
0.55 |
|
Inventory |
13.38 |
12.92 |
12.84 |
|
Debtors |
30.96 |
24.00 |
24.65 |
|
Interest Cover Ratio |
5.49 |
4.69 |
4.47 |
|
Operating Profit Margin (%) |
39.51 |
42.66 |
43.06 |
|
Profit Before Interest and Tax Margin (%) |
33.18 |
35.04 |
34.45 |
|
Cash Profit Margin (%) |
27.24 |
31.77 |
34.16 |
|
Adjusted Net Profit Margin (%) |
20.92 |
24.16 |
25.55 |
|
Return on Capital Employed (%) |
15.63 |
15.11 |
14.14 |
|
Return on Net Worth (%) |
14.50 |
14.86 |
14.85 |
LOCAL AGENCY FURTHER INFORMATION
HISTORY
The company is a government of India enterprise and was set
up in November 1975 as a private limited company to plan, design, construct and
distribute power. The company was converted into a public limited company in
September 1985. The company is mainly engaged in setting up of power stations
both coal as well as combined cycle gas projects generating and supplying power
to the respective state electricity boards and other beneficiaries.
The company came out with a public issue of secured redeemable taxable bonds in
December 1993 for Rs. 1500 millions with an annual yield of 17.2%.
The company is the largest power utility in the country. Besides
managing its own stations, it has also been entrusted with the management of
the Badarpur Thermal Power Station (BTPS) (720 MW) at Delhi and the BALCO
captive power station at Korba, Madhya Pradesh (270 MW). The company is also
registered as consultants with several leading financial institutions such as
the World Bank, Asian Development Bank, The African Bank and UNDP.
The company has signed MOU with Electricite' De France;
Hydro Quebec International, Canada; Electric Power Development Company, Japan
and Sargent and Lundy, USA for co-operation in the joint execution of power
projects.
The company has achieved `Excellent Performance' rating for the 13th
consecutive year by the Government of India. Also Ramagundam, Dadri, Korba and
Balco Power Station managed by the company has been awarded with ISO 14001
Certification for conforming to International Standards of environment
management systems and bagged numerous other awards for environment and
pollution control.
NTPC has formed a joint-venture with ABB KRAFTWERKE AG, under the name NTPC-ABB
ALSTOM POWER SERVICES LIMITED (NASL) for taking up renovation and modernisation
assignments of power plants both in India and abroad. A new company viz. Power
Trading Corporation of India has been formed with equity contribution from
POWERGRID, NTPC and PFC. The company has signed MOU with Gujarat Pipavav LNG
Limited, Petronet LNG Limited and ONGC for developing LNG regassification
terminal and liquid fuel based power plant.
The company was planning to implement four power projects in
2001-02 with a total capacity of 4500 MW
viz 1000 MW Simhadri in Andhra
Pradesh, 2000 MW Talcher Stage – II in Orissa, 1000 MW Rihand – II in Uttar
Pradesh and 500 MW Ramagundam – III in
Andhra Pradesh. The corporation has made a joint venture with Utility Powertech
Limited (UPL) to take up construction, erection and supervision in power sector
and Utility Powertech Limited had received orders for approximately Rs. 429
millions in 2000-01.
FINANCIAL
PERFORMANCE
Total income of the company for the year increased by 20.59% to Rs. 353,766
million from Rs. 293,370 million during the previous year. Profit after tax but
before provisions and prior period adjustments increased by 12.43% to Rs.
68,611 million from Rs. 61,024 million. Net profit after tax increased to Rs.
68,647 million from Rs. 58,202 million registering a growth of 17.95% over last
year.
OPERATIONAL
PERFORMANCE
During the year, the power stations of the company generated 188.674 billion
units of electricity which was 28.5% of the total power generated in India. The
power generated by the company has registered an increase of 10.41% over the
previous year's generation of 170.880 billion units. During the year, the coal
stations of the company operated at a plant load factor of 89.43% as compared
to 87.54% during the previous year. Gas stations of the company operated at a
plant load factor of 71.90% as compared to 65.81% in the previous year. The
average availability for coal and gas stations for the year was 90.09% and
85.09% respectively.
COMMERCIAL
PERFORMANCE
During the year, the Company realized in full, the amounts due from customers
against bills raised for sale of power. For the fourth consecutive year, the
Company has been able to achieve 100% realization of current bills. All the
states have opened and are maintaining LC equal to or more than 105% of average
monthly billing as per Onetime Settlement Scheme.
INSTALLED CAPACITY
During the year, a total capacity of 3155 MW was added to NTPC's installed capacity.
Out of the above, 1710 MW was commissioned as expansion projects including
2X500 MW at Vindhyachal, 210 MW at Unchahar and 500 MW at Kahalgaon. Further,
Ministry of Power, Govt of India transferred Badarpur Thermal Power Station
(BTPS) having an installed capacity of 705 MW w.e.f.1.6.2006. In addition, 740
MW was added through its Joint Venture, Ratnagiri Gas and Power Private Limited
at Dabhol.
Recently, in fiscal 2008, a 500 MW unit at Sipat Super Thermal Power Project -
Stage - II was commissioned on 27.05.2007. Thus, the total installed capacity
of the NTPC Group has increased from 24249 MW to 27904 MW.
CAPACITY ADDITION PROGRAM
The
Company has adopted multi-pronged growth strategy to become 50000 MW plus
company by the year 2012 and to have 75000 MW plus installed capacity by 2017.
This is a huge capacity addition programme. The strategy, interalia includes
capacity addition through green field projects, expansion of existing stations,
joint venture and takeover of stations.
Besides developing
thermal capacity in a major way, the Company is setting up hydro capacity of
1920 MW by 2012.
To foray into
nuclear power generation business, the Company has amended its Object Clause of
the Memorandum of Association through the process of postal ballot, which
received overwhelming support from you. The company plans to add 2000 MW of
nuclear capacity by 2017.
Efforts are
also being made to add at least 1000 MW capacity through Non-conventional
Energy Resources by 2017. A Memorandum of Understanding was signed with Asian
Development Bank on July 23, 2007 to set up as a Joint Venture, a generating
Company with equity contribution by the company, ADB and other strategic
investors. The company shall, over next three years, establish and hold a
portfolio of about 500 MW of renewable generation.
PROJECTS PLANNED
The Company has
envisaged a capacity addition programme of about 22600 MW in XI Plan
(2007-2012). After the commissioning of a unit of 500 MW of Sipat stage-II, the
balance capacity to be added during this period is 22100 MW. A capacity of
13360 MW is under execution and for the balance, planning and preparation are
at advance stage execution.
STRATEGIC DIVERSIFICATION
In order to
strengthen its competitive advantage in power generation business, the Company
also plans to diversify its portfolio to emerge as an integrated power major,
with presence across entire energy value chain through backward and forward
integration into areas such as coal mining, LNG value chain, power trading,
distribution etc.
Business
opportunities are being continuously explored through environment scanning and
new business plans are adopted through mid-course correction.
The Company has signed a Business Collaboration and Shareholders agreement with
Transformers and Electricals Kerala Limited (TELK) and the Government of Kerala
on June 23, 2007 for synergy in the field of manufacturing and repair of Power
Transformers, Current Voltage Transformers, Circuit Breakers, Isolated Phase,
Bus Ducts, Shunt Reactors etc.
As a result of
this agreement, the Company has agreed to acquire 44.6% stake in TELK from
Government of Kerala and its undertakings.
GLOBALISATION INITIATIVES
The Company is
keenly exploring opportunities to mark its footprints in different parts of the
world.
During the year
2006-2007, the Company signed a Memorandum of Agreement with Government of Sri
Lanka and Ceylon Electricity Board for development of a 2X250 MW Coal based
power project at Trincomalee in Sri Lanka. The project would be developed through
a Joint Venture with Ceylon Electricity Board.
A Memorandum of
Understanding was also signed between the Company and Ministry of Energy,
Federal Government of Nigeria (FGN) for energy cooperation. Under the MoU, FGN
shall provide at least 3 Million Tonnes Per Annum (MTPA) of LNG to NTPC on
long-term basis at a reasonable price and encourage NTPC to participate in
bidding for gas block. Upon successful operation of obligation by FGN, the
Company shall set up and operate a 500 MW coal based power plant and a 700 MW
gas based power plant in Nigeria on its own or through a Joint Venture.
The Company signed a Memorandum of Understanding with KYUSHU Electric Power
Company Inc., Japan for establishing an alliance under which experts and
information from different areas of the business will be exchanged to promote
mutual understanding of the systems, policies, business planning &
management and various best practices used by the parties and for exploring the
possibility of joint business development.
The Company is also seeking investment from West Asian / Middle East countries
for its power projects in line with the decision of Ministry of Power,
Government of India. High level delegations from the Company / Ministry of
Power visited various West Asian countries viz. Oman, Kuwait, Bahrain, UAE and
Yemen to explore the possibility of investments by prospective investors in
Power Projects of the Company as well as to explore the possibility of offering
expertise to West Asian countries for developing mutually beneficial
relationship.
FINANCING OF NEW PROJECTS
All the planned
capacity addition programs shall be financed with a debt to equity ratio of
70:30. The directors believe that internal accruals of the company would be
sufficient to finance the equity portion of the investments. The directors
believe that the Company is well positioned to raise the required borrowing, as
the Company is presently geared with a debt to equity ratio of 0.50. The
Company would tap domestic as well as overseas markets for borrowings.
During the
year, the Company has signed an agreement with Asian Development Bank (ADB) for
a loan of USD 300 million under Complementary Finance Scheme of ADB in
September 2006. ADB has extended this loan for the first time to the Company
directly and also without any Sovereign guarantee.
FIXED DEPOSITS
The cumulative
deposits received by the Company from 604 depositors as at March 31, 2007 were
Rs 328 million. Further an amount of Rs. 4 million has not been claimed on
maturity by 107 depositors as on that date.
FUEL SECURITY
The Company is
the largest consumer of coal in the country for power generation. During the
year, the Company obtained long term coal linkages for its various projects
from various subsidiary companies of Coal India Limited (CIL).
The Company and
Coal India initialled a Model Coal Supply Agreement on March 29, 2007 which
inter-alia contains various provisions under which coal would be sourced from
various subsidiaries of CIL by power stations for a continuous period of 20 years
with a provision for review after 5 years of operation of the agreement. The
Model Agreement provides for sourcing the present supplies as well as provides
a platform for coal agreement for future power stations. The agreement provides
for a mechanism of fixing the price derived from a pre decided floor price. To
overcome temporary shortages in coal supply, the Company resorted to import of
coal of 2.43 million tonnes being 2.14% of total coal consumed during the year
2006-07.
Coal Mining
On August 25,
2006, Ministry of Coal approved the mining plan of 15 MTPA for the first coal
mining project i.e. Pakri-Barwadih of the Company. This is the largest ever
capacity planned, in the very first phase, in a single mine in the country.
Process of selection of Mine Developer cum Operator for this mine is under way.
For other coal mining blocks viz Chatti-Bariatu, Kerendari, Dulanga &
Talaipalli, besides initiating work on completion of exploration, various
studies have also been initiated.
MANAGEMENT
DISCUSSION AND ANALYSIS
INDUSTRY OVERVIEW
The power industry is at a threshold of major growth cycle along the complete
value chain in view of the fact that GDP is expected to grow at over 8% per
annum. The Government has been taking several initiatives to give thrust to the
growth and reform of the sector and also to make electricity reach the rural
areas and the poor people. Commercialization and equity are being promoted by
an appropriate policy dispensation.
FIXED ASSETS
Ř
Land: (Including development)
Ř
Freehold
Ř
Leasehold
Ř
Roads,bridges, culverts & helipads
Ř
Building:
Ř
Main plant
Ř
Others
Ř
Temporary erection
Ř
Water Supply drainage & sewerage
Ř
MGR track and signalling system
Ř
Railway Siding
Ř
Earth Dam Reservoir
Ř
Plant and machinery
Ř
Furniture, fixtures & other office equipment
Ř
EDP,WP machines and
Ř
SATCOM equipment
Ř
Vehicles including speedboats
Ř
Construction equipment
Ř
Electrical Installations
Ř
Communication Equipments
Ř
Hospital Equipments
Ř
Laboratory and workshop equipments
Ř
Leased assets - Vehicles
Ř
Intangible Assets - Software
Ř
Unserviceable/Obsolete assets
Ř
Assets of Government
AS
PER WEBSITE
National
Thermal Power Corporation Limited
National Thermal Power Corporation (NTPC), India's largest
power generation company, is set to tap the market with a public offering of approximately
86.5 crore shares. It plans to use the money for an aggressive expansion to
feed the growing demands of the country's energy-starved economy.
NTPC is the sixth largest thermal power generator and the second-most efficient
utility in terms of capacity utilisation in the world based on data of 1998.
The company's installed capacity, as on March 31 2004, was 21,435 MW through 13
coal-fired power stations and seven gas-fired power stations (including one
naptha-fired station at Kayamkulam). It also operates 314 MW of capacity
through three joint venture projects and manages a 705-MW power station owned
by the Union government.
NTPC generated 149.2 billion units of electricity in FY 2004 in its power
stations spread all over India. As of 31 March 2004, the company's installed
capacity represented 19.1% of India's total installed capacity and contributed
26.7% of the total power generated in the country during FY 2004. In FY 2004,
over 99% of its total sales of electricity were to the state electricity boards
(SEBs) pursuant to long-term power purchase agreements. NTPC realised 100% of
the amount due from SEBs in FY 2004 and their current payments are secured
through letters of credit.
NTPC plans to add 9370 MW of generating capacity during the Tenth Plan ending
2007. The estimated capital expenditure for the additional capacity is around
Rs 41522 crore. It plans to fund this with a debt-equity ratio of 70:30. The
funds raised through the fresh issue of equity shares shall be used mainly to
fund equity component of the capacity expansion programme. The company aims to
spend around Rs 88500 crore on capacity expansion of 11,558 mw in the Eleventh
Plan ending 2012. While majority of this capacity expansion will be based on
coal-fired units, NTPC is also looking at hydroelectric power projects as well
as gas-based power projects.
NTPC has already entered into power trading through its subsidiary NTPC Vidyut
Vyapar Nigam. In order to leverage its vast experience in the power sector,
NTPC has entered into several joint ventures in construction, erection,
renovation, modernisation and project management in power and related sectors
in India and abroad. The company is closely studying several power distribution
projects and plans to get into it. In the long run, it plans to be India's
premier fully integrated power company.
Of the capacity addition planned in the Tenth Plan, 2,000-MW capacity has
already been commissioned and 7,370-MW is under construction. Work for 2,120-MW
capacity to be commissioned in the Eleventh Plan has also commenced. The
capacity addition target set by the government of India (GoI) for the Tenth
Plan is 41,110 MW. Of this, the central public sector units (CPSUs) are to
implement 22,832 MW. The share of NTPC is 9370 MW, or 41%. It has a memorandum
of understanding (MoU) for a joint venture (JV) with the Indian Railways for
500-MW capacity (to be expanded by another 500 MW in the Eleventh Plan) and an
JV with the Steel Authority of India to set up-500-MW capacity by FY 2007.
The power industry in India has been characterised by energy shortage. The
shortage is estimated to be 7.1% in terms of total requirement and 11.2% in
terms of peak demand requirement for FY 2004. As per a study by the United
Nations, India had one of the lowest per capita consumption of 355 units in
2000. In the draft Electricity Policy, the government plans to increase the per
capita power consumption to 1,000 units by 2012. The current requirement is
5,59,264 million units (MU) while the availability is 5,19,398 MU. The total
installed capacity is 1,12,058 MW as on March 2004. In order to meet the
increased demand, the installed capacity needs to be almost doubled to around
2,12,000-MW by 2012 - an increase of around 99,942-MW. By 2012, NTPC plans to
have an installed capacity of around 40,000 MW contributing around 18.8% of
India's energy requirement.
Demand has never been a problem for India's power sector and is unlikely to be
so in the foreseeable future. Gross mismanagement of SEBs (which had the monopoly
in distribution of power), rampant power thefts and highly politicised nature
of the sector, leading to commercially unviable and frequently changing
policies, have discouraged fresh investment in the power sector for the past
several years. There are some signs of the situation changing for the better
with passage of Electricity Act, 2003, which has many positive features.
However, the overall power policy is still evolving and there can be many
forward and backward steps as various key issues are resolved. Moreover,
implementation and interpretation of the Act and policies remain in the hands
of the Central and state governments. One can only hope that economics will
prevail over politics. Any investor in this sector will have to bear in mind
that this risk is real and cannot be wished away. Remember the massive fall in
all power scrips when the new government, at the instance of Left Front,
announced the intention to review the Electricity Act.
Another problem for the power
sector is the availability of fuel. NTPC's expansion plans are mainly based on
coal. But, even now, it is facing shortage of coal. India's coal sector remains
the monopoly of the government and mismanagement of this sector is well known.
Unless investment in the coal sector is increased substantially, availability
of coal will pose serious problem and the company's expansion can remain on
paper. During the Ninth Plan, NTPC installed only 51% of its planned capacity
addition.
NTPC's financial growth record is lackluster. Between FY 2000 to FY 2004, its
sales have increased at an CAGR of paltry 4.1% to Rs 188519 millions. The
operating profit (OP) fell from Rs 64588 millions to Rs 47721 millions. The
adjusted net profit grew at a meagre 2.4 % to Rs 39869 millions. The sharp growth
(46 %) in reported net profit in FY 2004 was mainly due to the huge other
income (OI) on account of the one-time settlement of past dues with SEBs.
Notably, most of the extraordinary portion of OI (related to past years) came
in the September 2003 quarter and, hence, the September 2004 quarter will
witness a massive fall in reported net profit. Incidentally, the September 2004
quarterly results will be NTPC's first post-listing quarterly results.
In the first quarter ended June 2004, NTPC's sales are higher by 8% to Rs 51867
millions, but OP is 4% lower to Rs 14980 millions. The net profit is 17% higher
to Rs 10541 millions due to a 213% jump in OI to Rs 5429 millions. Thus, the
company's profit has increased in FY 2004 and Q1 of FY 2005 largely due to the
sharp rise in OI. From Q2 of FY 2005, this advantage will not be available due
to the already high base. With effect from April 2004, the return on equity
factored into while calculating tariff has been reduced from 16% to 14%, which
has already started affecting NTPC's profit adversely.
The major listed power generation companies are Neyveli Lignite Corporation
(NLC), Tata Power (TPC) and Reliance Energy (REL). NTPC's net worth and the
scale of operation are substantially higher than the rest in the peer group and
all the players are and will be facing similar problems and have similar
opportunities. Currently, REL is enjoying the highest P/E of 36 and NLC is
available at the lowest P/E of 9. TPC gets P/E of 12. As is the norm, prices of
these scrips have increased substantially in the run-up to the NTPC IPO. NTPC
is being offered at an P/E of 10.7 to 12.8 at the offer price of Rs 52 to Rs
62. All P/Es are based on actual FY 2004 EPS on fully diluted equity. The key
to the long-term growth rates in their earning is their expansion plans. NTPC's
plans have already been discussed.
NLC, a 94% Central government company, has power generation capacity of 2,700
MW. TPC, on the other hand, is the largest private player in the power sector,
with a generation capacity of 2,278 MW, which is 52% of the total power
generation capacity of the private sector in the country. Out of TPC's total
installed capacity, 79% is in the Mumbai circle. REL was formerly into
distribution of power in the northern suburbs of Mumbai. But since 1995-96, it
has entered into power generation and currently, has a capacity of around 941
MW.
NLC has announced plans to add 6,000 MW power generation capacity to the
existing 2,700 MW. TPC is planning to add another 3,000 MW generation capacity
in the coming years. The company also plans to increase its exposure to
distribution circles and transmission networks, going forward. REL has more
aggressive plans. The company has planned a 9,000-MW generation capacity by
2012, almost 10 times its current capacity. Most of REL's expansion is based on
already discovered gas by Reliance Industries.
The Unit IV(500 MW) of Talcher Super Thermal Power Project(TSTPP)-Stage II of
the company has been successfully synchronised on 06th February 2005 and with
the commissioning of this unit,TSTPP-Stage II has been completed and the
installed capacity of Talcher Super Thermal Power Project has risen to 3000 MW.
Press
Release
5th
April, 2007
Major
Highlights 2006-07
OPERATIONAL
EXCELLENCE
· Coal
based Stations performed at the highest ever Plant Load Factor(PLF) of 89.43 %
compared to 87.54 % last
Year
·
Seven coal based stations (Dadri ,Unchahar, Vindhyachal, Simhadri, Rihand,
Tanda and Talcher-Kaniha)
have
achieved more than 90 % PLF.
· NTPC
Stations generated 188.67 billion Units(BU) - an increase of 10.41 % over the
previous year
·
Contributed 28.50 % of the total electricity generated in the country during
2006- 07 with 20.18 % share of the total installed capacity of the nation. ·
Uninterrupted running of Vindhyachal Unit #3 (210 MW) for 559 days is a new
national record
· All
the taken over stations operating at more than 85% PLF
·
Commendable turnaround at Unchahar project. From a PLF of 18% at the time of
takeover to present PLF of 95.59 %. Feroze Gandhi Unchahar Thermal Power
Station won ‘Asian Power Plant of the Year Award 2006’ instituted by
Asian Power Magazine, Hong Kong for overall plant performance
·
Singrauli, the flagship station of NTPC completes 25 years of generation. Unit
I of Singrauli, a unit of 1982 vintage, registered more than 91 % average PLF
during the last decade
ROBUST
FINANCIALS
·
Provisional and unaudited Profit after tax for the year 2006-07 is Rs. 67,264
million as compared to Rs.58,202 million during the year 2005-06, an increase
of 15.57%
·
Provisional and unaudited Net Sales of Rs 306,387 million during 2006-07 as
against Rs. 261,429 million registering an increase of 17.20%. The provisional
unaudited gross revenue is Rs. 332,997 million, during 2006-07 as against Rs
287,530 million for the year 2005-06, an increase of 15.81%
·
Highest interim dividend @ 24% amounting to Rs. 19789 million during the year.
·
Highest ever capital expenditure of Rs. 78206 Million during 2006-07.
· High
Investor Confidence: Standard and Poor’s Ratings Services raised the Corporate
Credit Rating of NTPC to ‘Investment Grade’ on the basis of its stand alone
credit profile and dominant market share
·
Latest Market Capitalisation of the company is Rs 1327 billion (US $ 30.75
billion) making it the fourth largest company
· 100
% realization of the billing for the fourth year in succession
· Loan
agreement of US $ 300 million (approximately Rs 13.15 billion) with ADB - first
loan syndication deal for an Indian Corporate under the Asian Development
Bank’s Complementary Finance Scheme for Sipat and Kahalgaon Stage II
· Loan
agreement of US $ 100 million (approximately Rs 4.4 billion) signed with KfW to
part finance the expenditure on Renovation and Modernisation of NTPCPower
plants.
·
Term-loan of Rs. 20 billion disbursed by LIC in addition to Bonds of Rs. 15
billion placed with them to finance the capital expenditure of on-going
projects.
· Term
loan of Rs. 15 billion signed with SBI in addition to term loan of Rs. 13
billion signed with various other banks to part finance on-going capacity
addition programmes.
· In
the process of concluding financial tie-ups for about US $ 1.5 billion with
international
banks and multilateral institutions.
RAPID
GROWTH
A)
Capacity Addition
·
Current capacity of 27,404 MW , including 1054 MW from JVs
· Plan
to be a 50,000 MW plus Company by 2012 and 75,000 MW plus Company by 2017
·
Ambitious capacity addition programme of about 22,000 MW during XI th plan and
25,000 MW during XII th plan
· 7155
MW added during Xth plan (2002-07) including 740 MW at the Ratnagiri JV and 705
MW acquired at Badarpur from Government of India
·
NTPC-Vindhyachal becomes the country’s largest thermal power station with
installed capacity of 3,260 MW overtaking NTPC- Talcher Kaniha (3000 MW) ·
11,360 MW under construction
·
Contracts awarded for 3600 MW during 2006-07. Total value of contracts awarded
during the year is Rs 113.29 billion, the highest ever for the Company.
·
Thrust into hydro power generation gathers momentum – Koldam (800 MW) in
Himachal Pradesh, Loharinag Pala(600 MW) and Tapovan Vishnugad (520 MW) in
Uttarakhand are under construction · MoU with the Government of Arunachal
Pradesh for implementation of two hydro projects – Etalin (4000 MW) and Attunli
(500 MW). Survey and investigation studies are in progress.
·
Successfully revived one block of Ratnagiri Gas and Power Private Limited 5
months ahead of schedule in April 2006 within a record time of 5 months.
· Site
inspection studies commence after the inauguration of site office at Jhajjar
for implementation of 1500 MW coal based power plant by ‘Aravali Power Company
Private Limited’, a Joint Venture of NTPC Limited, Haryana Power Generation
Corporation Limited and Indraprastha Power Generation Company, Delhi. ·
‘Vaishali Power Generating Company Limited’ incorporated as a JV of NTPC and
Bihar SEB and has taken over Muzaffarpur Thermal Power Station (2 x 110 MW).
The JV shall renovate and run the plant. · CCEA approval has been accorded for
Nabinagar Thermal Power Project, a JV project of NTPC and the Railways
B)
Fuel Security
·
Mining Plan of 15 Million Tonne Per Annum (MTPA) for NTPC’s first coal mining
project at Pakri Barwadih approved by Ministry of Coal. The largest mining
capacity plan in the first phase of any mine in India · MoU signed with Coal
India Limited for jointly promoting one or more JV Companies for undertaking
the development, operation and maintenance of Coal Block(s) and Integrated Coal
Based Power Plants · MoU signed for creation of a JV Company with Singareni
Collieries Company Limited (SCCL) for taking up various activities in Coal
& Power Sectors in India and abroad
· MoU
signed with BEML to associate with BEML in the area of mining through supply of
mining equipments and as potential Mine Developer and Operator
·
Model Fuel Supply Agreement has been initialled on 29.03.07 with CIL for coal
supplies to operating and future power stations
C)
Strategic Initiatives
·
Company’s MoA under amendment to enable it to enter into nuclear power
development. Consultants appointed for the purpose have recommended the roadmap
for the initial steps on which activities are going on
·
Strategic initiative to enter into manufacturing - JV with Transformers and
Electricals Kerala Limited(TELK)
·
Collaborative tie-up with Society for Integrated Circuit Technology and Applied
Research(SITAR) for identifying the technology provider for LED Lamp
manufacturing
D)
Going Global
· Memorandum
of Agreement signed with the Government of Sri Lanka and Ceylon Electricity
Board (CEB) for setting up a 500 MW (2 X 250 MW) coal based thermal power plant
in
· MoU
signed with Kyushu Electric Power Co. Inc. (KEPCO),
·
Company is in the process of finalising MoU with the Govt. of Nigeria for
setting up power plants against allocation of LNG on long term basis for NTPC
plants in
· A
representative office has been opened in
POWER
TRADING
· NTPC
Vidyut Vyapar Nigam Limited (NVVN) traded 2664 MUs of power as against 1643 MUs
in the previous year and posted a gross revenue (unaudited provisional) of Rs.
8812 million as against Rs. 4441 million in the previous year earning a
provisional unedited net profit of Rs. 65 million as against Rs. 33 million in
the previous year
STATE-OF-THE-ART
TECHNOLOGIES
·
Adoption of super critical technology and adoption of higher re-heat
temperature in sub-critical units will increase efficiency, reduce fuel
consumption and thereby reduce GHG emissions. · The country’s first 765 kV
switchyard energised at Sipat project of NTPC
GREEN
POWER
· NTPC
has created a green wealth of more than 182 lakh trees till March 2007.
· All
NTPC stations have been certified with ISO 14001 .by international and national
certifying agencies.
· All
plants are designed keeping in view futuristic norms for Suspended Particulate
Matter (SPM) emissions.
·
Studies conducted through National Remote Sensing Agency, Hyderabad at
Ramagundam, Farakka, Korba, Vindhyachal, Rihand and Singrauli reveal
significant environmental gains in the vicinity areas as a result of sound
environment
management practices.
·
During 2006-07, about 207 lakh tonnes of ash was utilized for productive
purposes, which is 53% of ash utilization against MoU target of 42%.
CSR
INITIATIVES
· Provided
support to Hyderabad Eye Research Foundation for three specialized Eye Centers
at Bhubaneshwar Eye Hospital.
·
Provided support for setting up a technical polytechnic at Uttarakhand, at
Kaladungi, Distt. Nainital
·
Total of 424 physically challenged persons are on the rolls of NTPC
· To
serve and empower the physically challenged and economically weaker sections of
the society, NTPC Foundation provides loans/training/medical treatment to
Physically challenged persons and economically weaker sections in a phased
manner
SECTOR
SUPPORT
·
Under the Partnership in Excellence (PIE) programme launched by MOP, Power
plants entrusted to NTPC recorded net increase of approximately 2833 million
units during 2006-07, equivalent to 430 MW capacity addition at 75% PLF.
·
Distributed Generation (DG) projects commissioned at six Villages in UP,
Rajasthan and Chhattisgarh
·
Grant Agreement(s) for implementation of nine DG Projects signed between NTPC
and PFC
· NTPC
is associated in electrification of about 40,000 villages in 6 States under
Rajiv Gandhi Gramin Vidyutikaran Yojana. Nearly 3000 villages and 60000 Below
Poverty Line households targeted in 2007-08.
W
INNING ACCOLADES
·
Seven projects of NTPC received the National Awards for Meritorious Performance
during for the year 2004-05 & 2005-06 from the Prime Minister
·
Received MoU Award for Excellence in Performance consecutively for two years
(2004-05 and 2005-06)
· The
Company was adjudged as “The Most Admired Organisation in the Public Sector” in
a survey conducted by ‘Power Line’
·
Received SCOPE Gold Trophy for Best Practices in Human Resource Management
· NTPC
won the Golden Peacock National Award for Corporate Social Responsibility in
Emerging Economies (Public Sector), 2007.
· Ranked
as the 494th largest company in the world in the Forbes List of World’s 2000
Largest Companies for the year 2006, retaining its position as the Fifth
Largest Company in India.
· CMD,
NTPC received the 4th Wartsila Mantosh Sondhi Award for outstanding
achievements and contributions to the Sector.
The
year 2006-07 was yet another year of excellent performance for NTPC.
OPERATIONAL
PERFORMANCE
The
stations of the company recorded a total generation of 188.67 billion Units
(BUs), showing an increase of
10.41
% over the previous year’s generation. With a share of 20.18% in the total
installed capacity of the country, NTPC generated 28.50% electricity during
2006-07. NTPC stations recorded an all time high PLF of 89.43 % which is
highest for any financial year since its inception as compared to 87.54 % last
year.
Dadri
(Coal) recorded the highest PLF of 95.69 %. The other stations to record over
90 % PLF are Unchahar (95.59 %), Vindhyachal (92.75%), Simhadri (92.10%),
Rihand (91.90 %), Tanda (91.14%), Talcher Kaniha ( 90.02 % ) The projects taken
over by NTPC has also registered a remarkable turnaround as per details below:
|
PROJECT |
PLF
prior to takeover(%) |
2006-07 PLF(%) |
|
Unchahar |
18.0 |
95.59 |
|
Talcher
Thermal |
18.7 |
88.10 |
|
Badarpur |
31.9 |
85.92 |
|
Tanda |
19.8 |
91.14 |
GROSS
REVENUE AND PROFIT
Provisional
and unaudited net sales of Rs. 306,387 million during the year 2006-07 as
against Rs. 261,429 million for the year 2005-06 registering an increase of
17.20%. The provisional and unaudited Gross Revenue is Rs. 332,997 million
during 2006-07 as against Rs. 287,530 million for the year 2005-06, an increase
of 15.81%.
Provisional
and unaudited profit after tax for the year 2006-07 is Rs. 67,264 million as
compared to Rs. 58,202 million during the year 2005-06, an increase of 15.57%.
BUDGET
UTILISATION
Capital
expenditure incurred in 2006-07 on various capital schemes is Rs.78205 million.
In the previous year 2005-06, capital expenditure incurred was Rs.70189 million.
CAPITAL
OUTLAY
The
approved outlay for 2007-08 for capital schemes of NTPC is Rs. 127920 million.
EQUITY
NTPC
stocks continued to attract investors at the stock markets. The stocks closed
at Rs. 150.25 at the end of the year as against the opening price of Rs.
134.10. The latest Market Capitalization of the company is Rs. 1327 billion (US
$ 30.75 billion) and the company is amongst the top four companies in terms of
market capitalization. The company also declared an all time high interim
dividend @ 24% of paid-up capital resulting into a dividend payout of Rs. 19789
million.
BORROWINGS
NTPC
has tied up loans from Domestic banks and Financial Institutions aggregating
Rs. 203344 million as on 31st March, 2007 for its capacity addition programmes.
During the year 2006-07, 3 new loans aggregating to Rs. 28000 million were tied
up. An amount of Rs. 49000 million including Rs 15000 million placed with LIC
as Bonds
was
utilized during 2006-07. The cumulative domestic borrowing up to 31st March, 2007
is Rs. 168894 million.
Standard
& Poor’s have revised outlook on the rating of the company from ‘BB +’ to
‘BBB-’ During the year, NTPC has received Issuer rating of ‘LAAA’ from ICRA and
‘AAA’ from CRISIL which indicates highest credit quality . NTPC has signed an
agreement for a term loan of US $ 100 million with KfW of Germany on March 23,
2007 at Frankfurt am Main. This is the first loan provided directly by them to
NTPC. The funds would be utilized to part finance the expenditure on Renovation
& Modernization of NTPC power plants. Bonds amounting to Rs. 15000 million
were placed with Life Insurance Corporation of India during 2006-07.
These
bonds have a door to door maturity of 14 years each. Repayment starts in the
fifth year for each of the series in 20 equal half yearly installments. In
order to provide easy transferability, these bonds have been issued under
STRAPP (Separately Transferable Redeemable Principal Parts) structure. The
proceeds from the bonds have been utilized to finance the capital expenditure
of the projects incurred during the year 2006-07.
With
issue of Series XXII, XXIII and XXIV Bonds, outstanding amount of Bonds as on
31.03.2007 aggregates to Rs. 59500 millions. Out of which bonds amounting to
Rs. 45000 million have been placed with LIC. Part-A of 8.05% Series XIV Secured
Non-Cumulative Non-Convertible Redeemable Taxable Bonds amounting to Rs. 2500
million was redeemed successfully 1st August 2006. Full and final
redemption of 13.60% Series XV-C Bonds aggregating Rs 44 million was made 28th
September 2006. During the period 01.04.2006 to 31.03.2007 interest rates of
Public Deposit Schemes have been revised upwards. The present range of interest
effective from 21.12.2006 offered on PDS schemes is 7.25%-7.50%-7.75% for a
deposit of period for 1-2-3 years respectively. As on 31.03.2007, there are 604
deposit holders with outstanding deposit amount aggregating to Rs. 328 million.
REALIZATION
The
realization of monthly bills from April, 2006 to March, 2007 was 100%. All the
customers have opened and are maintaining LC equal to 105% of average monthly
billing as per One – Time Settlement Scheme and are making full payment of
current bill.
CAPACITY
ADDITION PROGRAMME
NTPC
has adopted multi-pronged growth strategy to become 50,000 MW plus company by
the year 2012. The strategy, inter-alia includes capacity addition through
green field projects, expansion of existing stations, joint venture and
takeover of SEB’s stations. Further, new business opportunities are being
continuously explored through environment scanning and new business plans are
adopted through mid-course correction. NTPC has envisaged 75000 MW plus
installed capacity by 2017 and same include significant addition of hydro
capacity and forays into Non-conventional and Nuclear power generation.
Capacity
added during the year 2006-07 is as follows :
1.Vindhyachal-III
(2x500 MW) - 1000 MW
2.Unchahar-III
(1x210 MW) - 210 MW
3.Kahalgaon-II,
Phase-I (2x500 MW) - 500 MW
TOTAL
- 1710
MW
4.Capacity
addition through acquisition (BTPS) - 705 MW
5.Capacity
addition through Joint Venture (RGPPL, Dabhol) - 740 MW
GRAND
TOTAL - 3155 MW
EMPHASIS
ON HYDRO
NTPC
has been giving increased thrust to hydro development for a balanced portfolio for
long term sustainability.1920 MW under implementation at 3 different locations.
The hydro project at Koldam (800 MW) is at advanced stages of implementation
and first unit is likely to be commissioned by 2008-09.
COAL
CONSUMPTION
NTPC continues
to be the Country’s single largest consumer of coal. Its stations consumed
111.02 million tonnes of domestic coal during the year 2006-07 as compared to
coal consumed of 101.91 Million tonnes during 2005-06 recording an increase of
8.93 %. 2.43 Million tons of imported coal was consumed during 2006 –07 as
against 2.93 Million last year.
COAL
MINING
NTPC
has got the Mining Plan of 15 MTPA for its first coal mining project at Pakri
Barwadih. It is the largest ever capacity planned, in the very first phase, in
a single mine in the country . For the other coal blocks allotted to NTPC,
actions on various other activities have been initiated. As a part of
developing strategic alliances as well as deriving technical strengths, NTPC
has entered into MoUs with MECL, SCCL and BEML. NTPC has also signed
an MoU
with CIL for formation of a Joint Venture to undertake development, Operation
& Maintenance of coal blocks and integrated coal - based power plants. The
areas of immediate cooperation are development of two coal blocks Brahmini
(1900 MT and Chicro Patsimal (356 MT) in Jharkhand to be developed and operated
as 50 : 50 joint venture between CIL and NTPC.
CONSULTANCY
WING
During
the current year (2006-07), the Consultancy Wing secured orders valued at Rs.1933.3
million, including overseas order. The order booking include an order of Rs.600
million from NTPC Tamil Nadu Energy Company Limited (NTECL) for design and
engineering, contracting, monitoring, quality assurance, inspection services
for
2x500
MW Power Plant at Ennore. During the year, Consultancy Wing achieved a
provisional turnover of Rs.610 million and booked a provisional net profit of
Rs.170 million. The turnover achieved is the highest since inception of
Consultancy Wing.
NTPC
VIDYUT VYAPAR NIGAM LIMITED (NVVN)
NTPC
Vidyut Vyapar Nigam Limited a, subsidiary of NTPC transacted business of
2664.31 MUs of power in 2006-07. Estimated net profit after tax (provisional
unaudited) is Rs 65 million in comparison to last years profit of Rs 33
million. The turnover of the company during the year was Rs.8812.61 million
(provisional unaudited) in comparison to Rs.4441.39 million of previous year.
NTPC
ELECTRIC SUPPLY COMPANY LIMITED (NESCL)
The
Provisional turnover of the company for the year 2006-07 is Rs 164.78 million
and Profit (after tax) of the company for the year is Rs. 36.89 million.
NTPC
HYDRO LIMITED
NTPC
Limited, in furtherance of its efforts to take forward the hydro capacity
addition and to give exclusive thrust to small and medium sized Hydro Power
Projects upto 250MW capacity, has set up a wholly owned subsidiary company
named “NTPC Hydro Limited” in December, 2002. NTPC Hydro Limited’s (NHL) maiden
venture, namely LATA-TAPOVAN Project (171 MW capacity) is located in Chamoli
district of Uttarakhand state. MOEF accorded Environmental Clearance on
21.02.07. Land acquisition activities are in full swing and Notifications under
Sections 4, 17 & 6 for private land have already been issued.
Notification
under Section-9 is likely to be issued shortly. NHL’s second venture is Rammam
Stage-III Project (120 MW capacity) and is located in Darjeeling district of
West Bengal state. The DPR of this project has been formulated, CEA accorded
Techno Economic Clearance (TEC) on 12.09.06 and balance clearances are under
progress.
JOINT
VENTURES
Utility
Powertech Limited (UPL)
UPL (a
Joint Venture Company of NTPC & Reliance Energy) formed to take up
assignments of construction, erection and supervision in power sector and other
sectors in India and abroad is operating satisfactorily. The Provisional
Turnover and Profit (after tax) for the year 2006-07 are Rs. 1759.11 million
and Rs. 83.91 million
respectively.
NTPC
Alstom Power Services Private Limited (NASL)
NTPC
Limited has formed a JV Company with ASLTOM POWER GENERATION AG, under the name
of “NTPC-ALSTOM Power Services Private Limited (NASL) for taking up Renovation
& Modernization assignments of power plants both in India and abroad. The
provisional gross revenue for the year 2006-07 is Rs446 million and Profit
(after tax) of the company for the year is Rs.29.50 million.
NTPC-SAIL
Power Company (Private) Limited (NSPCL)
This
joint venture company was formed for operating and maintaining the captive power
plants of SAIL. The Provisional turnover of the NSPCL for the year 2006-07 is
Rs 1900 Million and Profit (after tax) of the company for the year is Rs.295
Million. The company declared an interim dividend of Rs. 30 Million for the
year 2006-07.
Ratnagiri
Gas And Power Private Limited
Ratnagiri
Gas and Power Supply Private Limited has been formed as joint venture between
NTPC, GAIL, Maharashtra State Electricity Board and Indian Financial
institutions with NTPC having a stake of 28.33% for taking over and operating
Dabhol Power Project. The project has begun operations .
NEW
JOINT VENTURES
Tamil
Nadu Electricity Board (TNEB)
NTPC
and TNEB have formed a Joint Venture Company under the name of “NTPC Tamil Nadu
Energy Company Limited”. The company was incorporated on 23.05.2003 to set up a
coal-based power station of 1000 MW capacity, at Ennore, using Ennore port
infrastructure facilities. Site Specific & other studies have been
completed. The Joint Venture Agreement was signed on 22nd January 2006. NIT For
the main plant has been issued and the main plant award is expected by May
2007.
Joint
Ventrue with Railways
NTPC
has signed an MOU with Ministry of Railways on 18.02.2002 for setting up power plant(s)
upto 2000 MW capacity to meet the traction and non-traction power requirements
of Railways. After studying various sites in India, it has been decided to
setup a 1000 MW (4x250 MW) power plant at Nabinagar, in Bihar. CCEA approval
has
been accorded for the Power Project and ICB permission for Main Plant has been
received.
Joint
Venture with BSEB
Vaishali
Power Generating Company’ has been incorporated as a JV of NTPC and Bihar SEB
and has taken over Muzaffarpur Thermal Power Station (2 x 110 MW). The JV shall
renovate and run the plant.
PIE
Under
the Partnership in Excellence programme, 13 stations with an operating capacity
of 5050 MW were entrusted to NTPC. Performance turnaround has taken place at
eight power stations. The plants entrusted to NTPC recorded an additional
generation of power-2833 MUs –corresponding to an equivalent capacity addition
of 430 MW, considering Average PLF as 75%.
ENERGY
TECHNOLOGIES
NTPC
has set up Energy Technologies Centre with a well-defined mandate to develop and
innovate cutting edge technologies to meet the ever-changing scenario in power
sector. The centre is working in both fundamental and applied fields with the
ultimate objective of commercializing the technologies both within and outside.
Setting up of this centre by NTPC meets a long-term need of such a centre in
the power sector in India. Energy Technologies has already started its research
activities in-house and through networking with established research institutes
in India.
ENVIRONMENT
MANAGEMENT
All
NTPC stations have been certified with ISO-14001 by reputed International
certifying agencies.
NTPC
has planted a total of more than 18.2 Million trees till March-07 including
more than 0.28 million trees planted during the current year 2006-07
ASH UTILIZATION
An all
time high 20.7 million tonnes of ash has been utilized for various productive
purposes which is 53 % of the total ash generation against MOU target of 42%.
The major utilization was in the areas of Cement & Asbestos Industry, Road
Embankment, Mine filling, Ash Dyke Raising & Land Development. Ash is also
being exported to Middle East, Bangladesh and Nepal from NTPC stations at
Simhadri, Farakka and Kahalgaon respectively. During the year, 66 million ash
bricks have been produced and so far more than 370 million ash bricks have been
manufactured and utilised for various in- house construction activities.
CORPORATE
SOCIAL RESPONSIBILITY (CSR)
In
line with the Corporate Social Responsibility – Community Development (CSRCD)
Policy, NTPC has taken up following activities addressing the niche domains of
socio-economic issues at National level :- The Global Compact of UN is the
largest voluntary corporate responsibility initiative, with nearly 2000
companies participating from over 80 countries. Keenly conscious of its social
responsibilities, NTPC became member of Global Compact – an UN initiative for
Corporate Social Responsibility (CSR). NTPC confirms its involvement in various
CSR activities in line with 10 Global Compact principles and sharing of
experiences with the representatives of the world.
As a
CSR initiative in the field of Health, NTPC has committed to provide support to
Hyderabad Eye Research Foundation for three specialized Eye Centres at
Bhunaneswar Eye Hospital, Bhubaneswar, Orissa. Further, in the field of
education, NTPC is committed to provide support for setting up a technical
polytechnic at Uttarakhand, at Kaladungi, Dist: Nainital. Support for a Women’s
Polytechnic at Gopeshwar, Dist: Chamoli has also been committed. In Orissa
State, NTPC has taken up Developmental works for car parking, water tanks and
lighting of approach road for Shree Jagannath Temple, Puri.
NTPC
FOUNDATION
NTPC
foundation has been established by the company under Indian Trust Act, 1882 for
addressing the niche domains of social development at national level through
strategic interventions at National Level. NTPC Foundation provides
loans/training/medical treatment to physically challenged persons and
economically weaker sections in a phased manner.
RESETTLEMENT
& REHABILITATION
NTPC
is committed to help the populace displaced for execution of its projects and
has been making efforts to improve the Socio – economic status of Project
Affected Persons (PAPs). In line with provisions under NTPC R&R Policy,
Socio – economic Survey (SES) conducted for Parkri – Barwadih and awarded for
Chatti-Bariyatu, Kerandhari, Korba-II-Ash dyke, Dadri-II-water reservoir,
Talcher(kaniha)-MGR and Mouda. Implementation of RAP (Rehabilitation Action
Plan) for Koldam, Barh, Sipat is under progress. Formulation of RAP is under
progress for North-Karanpura, Talcher- Thermal and Parkri Barwadih.
Implementation of RAP for Anta-II has been completed in March 2007. Social
Impact Evaluation study (SIE) for Sipat awarded to XIDAS, Jabalpur to evaluate
the impact of RAP implementation and is under progress. For Simhadri, SIE was
conducted by Andhra University, Waltair.
SAFETY
Looking
into the necessity and to ensure the best health and safety performance and the
accident free environment, all NTPC Projects / Stations have obtained the OHSAS
– 18001 (Occupational Health & Safety Management Systems) certification.
NTPC Ramagundam, Dadri, Kahalgaon and Korba station have won the first “Safety
Innovation Award 2006” for implementing innovative, Safety and Quality
Procedures and Practices. The award is instituted by the Safety and quality
forum of Institution of Engineers (India). The award has been conferred to
Ramagundam for second year in succession
HUMAN
RESOURCE MANAGEMENT
The
total strength of employees of the Corporation stands at 23,663 as on
31.03.2007 as against 21,757 for the year 2005-06 (excluding employees in JVs
& Subsidiaries). All efforts were made to improve the manpower utilization.
The overall Man : MW ratio for the year is 0.92.
TRAINING
AND DEVELOPMENT
The
Power Management Institute (PMI), NTPC’s apex Training and Development Centre
conducted 325 training programmes, The number of participants trained both
internal and external was 8689. In its effort to go global PMI has organised an
international seminar on “Developing Global Business Competencies” at
Manchestar Business School, UK. In its effort to provide training support to
NTPC’s customers, PMI has hosted 15 nos. Distribution Reforms and Upgrades
Management Programmes which were attended by 263 SEB participants.
EMPLOYEE
RELATIONS
Industrial
Relations in NTPC continued to be cordial and harmonious during the year.
Workshops for employee representatives from projects were held, at the apex as
well as regional level, to sensitize them of the opportunities, threats and
challenges facing the company in the dynamics of an uncertain business
environment and to reiterate their significant role in synergizing the
potential of the human resource – the sole differentiating factor of
competitive advantage in today’s knowledge economy.
AWARDS
Unchahar station of NTPC received the coveted Asian Power Plant of the Year
Award, 2006 for Efficiency, Environment, Operational Characteristics and Business
Management.
NTPC
bags Seven National Awards for Meritorious Performance.
Ranked Top Awardee for MoU Award for Excellence in Performance by Govt. of
India.
NTPC
has been ranked first as per total income in the Power – Generation,
Transmission, Distribution Sector among India’s Top 500 companies for the year
2006 by Dun & Bradstreet.
NTPC
identified as the 2006 Platts Top 250 Global Energy Company.
Four
NTPC stations received the CII Exim Bank Excellence Award 2006.
PMI,
NTPC has bagged the prestigious Golden Peacock National Training Award ,2006,
for 4th year in succession.
NTPC
won the Golden Peacock National Award for Corporate Social Responsibility in
Emerging Economies (Public Sector), 2007.
Won
the SCOPE Meritorious Award for Best Practices in Human Resource Management.
CMD,
NTPC received the 4th Wartsila Mantosh Sondhi Award for outstanding
achievements and contributions to the Sector.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from
various sources including but not limited to: The Courts, India Prisons
Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No records exist designating subject or any of its beneficial
owners, controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court
Declaration :
No records exist to suggest that
subject is or was the subject of any formal or informal allegations,
prosecutions or other official proceeding for making any prohibited payments or
other improper payments to government officials for engaging in prohibited
transactions or with designated parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of
the subject are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges or
conviction registered against subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records
on Int’l Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal
Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation
with Government :
No
record exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation
Package :
Our
market survey revealed that the amount of compensation sought by the subject is
fair and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report
:
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments
on Corporate Governance to identify management and governance. These factors
often have been predictive and in some cases have created vulnerabilities to
credit deterioration.
Our Governance Assessment focuses principally on the
interactions between a company’s management, its Board of Directors,
Shareholders and other financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local
laws, regulations or policies that prohibit, restrict or otherwise affect the
terms and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs. |
|
|
1 |
Rs. |
|
Euro |
1 |
Rs. |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the
strongest capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for
credit transaction. It has above average (strong) capability for payment of
interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly
Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight
in credit consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal
sums in default or expected to be in default upon maturity |
Limited
with full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be
exercised |
Credit
not recommended |
|
NR |
In view of the lack of information, we have no basis upon
which to recommend credit dealings |
No
Rating |
|