thermal power project(1)

8/2/2019 Thermal Power Project(1)

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THE MARKET FOR THERMAL POWER IN INDIA

SUBMITTED BY

Nikhil Annaldasula

Roll: 03

Under the guidance of

Prof. P.Mohan

DEPARTMENT OF MANAGEMENT STUDIES

SHAH AND ANCHOR KUTCHHI ENGINEERING

COLLEGE

2012

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ACKNOWLEDGEMENT

I wish to express my deep sense of gratitude and indebtedness toProf.P.Mohan Department of Management Studies, Shah andAnchor Kutchhi Engineering College for introducing the presenttopic and for his inspiring guidance, constructive criticism andvaluable suggestions throughout the project work.

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CONTENTS

Sr.No. Title Page No.

1 INTRODUCTION AND OVERVIEW 04

2 LIST OF THERMAL POWER PLANTS 05

3 STATISTICS OF MAJOR COMPANIES

(i) Description

(ii)Balance Sheet

(iii) Financials

(iv) Plans for increasing capacity

(v)Market Potential

06-35

4 INTERPRETATION 36

6 THE FUTURE SCENARIO OF OVERALLMARKET

37

7 REFERENCES 38

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THE MARKET FOR THERMAL POWER IN INDIA

INTRODUCTION:

Thermal generation is the process of generating electricity from heat. Heat is aform of energy. Heat energy that is turned into electricity can be made in manyways. It can be produced by burning fuels such as coal, oil, gas or wood. It can also

be taken from steam from a geothermal field, or created by nuclear reactions.

Overview of Indias Power Sector:

India's power market is the fifth largest in the world. The power sector is high onIndia's priority as it offers tremendous potential for investing companies based onthe sheer size of the market and the returns available on investment capital.

India currently has an installed capacity of 1, 70,229 MW of power, with the

projected capacity of 1, 94,703 MW by March 2012 and 3, 01,173 MW by the

12thFive-Year Plan. The current energy deficit stands at 8.6 percent and the peak

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deficit at 11.1 percent. To achieve a Gross Domestic Product (GDP) growth of 8-9

percent, power demand is expected to grow at the same pace and the power deficit

expected to continue. Coal is projected to remain the dominant fuel for power

generation in the country.

LIST OF MAJOR THERMAL POWER UTILITIES IN INDIA:

Tata Power

NTPC (National Thermal Power Corporation)

Reliance Power

Adani Power

Lanco Infratech

ABB Ltd

Cesc Ltd

DLF Power Ltd

DPSC Ltd

Gujarat Industries Power Company Ltd

GVK Power and Infrastructure Ltd

HBL Power systems Ltd

Indowind Energy Ltd

Jindal India Thermal Power Ltd

Kalpataru Power Transmission Ltd

KSK Energy Ventures Ltd

National Wind and power Corporation Ltd

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Power Grid Corporation of India Ltd

PTC India Ltd

Suryachakra Power Corporation Ltd

Neyveli Lignite Corporation

SJVN (Satluj Jal Vidyut Nigam Limited)

NPCIL (Nuclear Power Corporation of India)

CLP Power India Pvt Ltd.

Torrent Power

STATISTICS AND RELATIVE MARKET CAPITALISATION:

TATA POWER

Year of establishment: 1919

Sector: Private

Description:

Tata Power generates about 3120 MW of power from energy sources like thermal

(coal, gas, oil), hydroelectric, solar, wind and geothermal energy. The thermal

power stations of the Company are located at Trombay in Mumbai, Jojobera in

Jharkhand, Haldia in West Bengal, and elgaum in Karnataka.

The Company has successfully commissioned 120 MW Haldia (West Bengal),

120 MW Power House (Jamshedpur), 120 MW Unit 5 at Jojobera and 250 MW

Unit 8 at Trombay to increase its generation capacities. Some of its new projects

under implementation are 4000 MW Ultra Mega Power Project at Mundra, 1050

MW Maithon, 1600 MW Coastal Maharashtra Project and more.

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Balance Sheet:

Particulars Mar'11 Mar'10 Mar'09 Mar'08 Mar'07

Liabilities 12 Months 12 Months 12 Months 12 Months12

Months

Share Capital 237.33 237.33 221.44 281.71 197.92

Reserves &Surplus

11,002.66 10,295.03 8,422.06 7,771.12 5,793.03

Net Worth 11,239.99 10,532.36 8,643.50 8,052.83 5,990.95

Secured Loans 4,753.91 4,105.38 3,931.71 2,331.09 1,354.30

Unsecured Loans 2,235.37 1,858.04 1,315.35 752.26 2,321.22

TOTAL

LIABILITIES18,229.27 16,495.78 13,890.56 11,136.18 9,666.47

Assets

Gross Block 10,518.92 10,010.80 8,985.86 6,481.99 6,229.71

(-) Acc.Depreciation

4,735.98 4,258.06 3,795.32 3,476.50 3,199.40

Net Block 5,782.94 5,752.74 5,190.54 3,005.49 3,030.31

Capital Work inProgress.

1,469.50 476.21 761.16 1,681.74 781.05

Investments. 7,939.91 6,688.62 5,443.47 4,430.00 3,570.15

Inventories 629.57 589.36 644.14 473.61 396.42

Sundry Debtors 1,974.32 1,976.31 1,587.97 1,414.52 1,478.22

Cash And Bank 837.29 1,277.64 45.50 28.70 1,367.72

Loans AndAdvances 2,571.53 2,205.44 2,493.82 2,039.90 862.68

Total Current

Assets6,012.71 6,048.75 4,771.43 3,956.73 4,105.04

CurrentLiabilities

2,273.30 1,767.97 1,624.05 1,354.03 1,194.67

Provisions 702.49 702.57 651.99 585.44 631.58

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Total Current

Liabilities2,975.79 2,470.54 2,276.04 1,939.47 1,826.25

NET CURRENT

ASSETS3,036.92 3,578.21 2,495.39 2,017.26 2,278.79

Misc. Expenses 0.00 0.00 0.00 1.69 6.17TOTAL

ASSETS

(A+B+C+D+E)

18,229.27 16,495.78 13,890.56 11,136.18 9,666.47

FINANCIALS:

Market Capitalization: 266140.065174 ( Rs. in Millions )

Total Income - Rs. 74377.6 Million ( year ending Mar 2011)Net Profit - Rs. 9414.9 Million ( year ending Mar 2011)

PLANS FOR INCREASING CAPACITY:

The utility plans to generate 25,000 megawatts by 2017. A 4,000-megawatt,

coal-based plant in Gujarat state is 60 percent complete and the 1,050

megawatt Maithon project in Jharkhand state is 85 percent ready as said by

Ratan Tata.

The challenge - Tata Power's target comes amid a changing corporate

environment more aligned to green issues, rising energy costs and increased

opposition to nuclear power in the aftermath of the Fukushima disaster.

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POTENTIAL:

According to the company, high GDP growth, power shortages, rising per

capita consumption and projected capacity addition provide large growth

potential in the power sector.

Tata Power was ranked 5th for its continuous efforts to transform the 90-

year old power utility through a combination of cost reduction, steady

growth and change in attitude into a more consumer-friendly place in a

highly regulated environment.

NTPC


Sector: Public

Description:

NTPC's core business is engineering, construction and operation of power

generating plants and providing consultancy to power utilities in India and abroad.

It is India's largest power company to accelerate power development in India.

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Presently, NTPC generates power from Coal and Gas. With an installed capacity of

30,144 MW, NTPC is the largest power generating major in the country. It has also

diversified into hydro power, coal mining, power equipment manufacturing, oil &

gas exploration, power trading & distribution. With an increasing presence in the

power value chain

Balance sheet:

Consolidated Balance

Sheet------------------- in Rs. Cr. -------------------

Mar '11 Mar '10 Mar '09 Mar '08 Mar '07

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds

Total Share Capital 8,245.46 8,245.46 8,245.50 8,245.50 8,245.50

Equity Share Capital 8,245.46 8,245.46 8,245.50 8,245.50 8,245.50

Share ApplicationMoney

0.00 0.00 0.00 0.00 0.00

Preference Share Capital 0.00 0.00 0.00 0.00 0.00

Init. Contribution Settler 0.00 0.00 0.00 0.00 0.00

Preference ShareApplication Money 0.00 0.00 0.00 0.00 0.00

Employee Stock Opiton 0.00 0.00 0.00 0.00 0.00

Reserves 59,835.58 54,058.16 49,162.10 44,617.40 40,467.00

Revaluation Reserves 0.00 0.00 0.00 0.00 0.00

Networth 68,081.04 62,303.62 57,407.60 52,862.90 48,712.50

Secured Loans 17,426.40 15,376.43 12,292.80 10,438.80 9,358.00

Unsecured Loans 34,182.91 30,382.94 28,154.60 21,504.70 18,318.20

Total Debt 51,609.31 45,759.37 40,447.40 31,943.50 27,676.20

Minority Interest 485.05 278.96 166.20 124.20 47.80

Policy Holders Funds 0.00 0.00 0.00 0.00 0.00

Group Share in JointVenture

0.00 0.00 0.00 0.00 0.00

Total Liabilities 119,690.35 108,062.99 97,855.00 84,806.40 76,388.70

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Application Of Funds

Gross Block 78,999.71 71,331.51 64,601.70 55,512.10 50,971.20

Less: Accum.Depreciation

34,346.30 32,722.64 29,775.50 27,486.80 25,216.60

Net Block 44,653.41 38,608.87 34,826.20 28,025.30 25,754.60

Capital Work inProgress

45,065.42 37,877.94 31,069.20 25,765.30 20,410.20

Investments 8,357.33 11,777.61 11,696.00 13,447.00 15,142.80

Inventories 3,910.83 3,532.96 3,361.60 2,751.20 2,589.90

Sundry Debtors 8,399.87 7,080.81 3,818.90 3,172.70 1,380.60Cash and Bank Balance 393.34 702.38 322.50 489.00 766.90

Total Current Assets 12,704.04 11,316.15 7,503.00 6,412.90 4,737.40

Loans and Advances 7,874.79 6,548.71 8,032.30 5,031.30 5,153.80

Fixed Deposits 17,466.49 15,350.63 16,928.00 14,871.50 12,931.20

Total CA, Loans &Advances

38,045.32 33,215.49 32,463.30 26,315.70 22,822.40

Deffered Credit 0.00 0.00 0.00 0.00 0.00

Current Liabilities 13,110.41 9,987.63 8,719.20 6,215.70 5,977.70Provisions 2,835.67 3,150.33 3,314.30 2,407.00 1,715.80

Total CL & Provisions 15,946.08 13,137.96 12,033.50 8,622.70 7,693.50

Net Current Assets 22,099.24 20,077.53 20,429.80 17,693.00 15,128.90



0.00 0.00 0.00 0.00 0.00

Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00

Total Assets 120,175.40 108,341.95 98,021.20 84,930.60 76,436.50

Contingent Liabilities 40,668.38 47,057.13 66,130.10 34,526.60 7,270.00

Book Value (Rs) 82.57 75.56 69.62 64.11 59.08

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FINANCIALS:

Market capitalization: 1472639.94184 (Rs. in Millions)

Total Income - Rs. 574636.1 Million (year ending Mar 2011)

Net Profit - Rs. 91025.9 Million (year ending Mar 2011)


Coal Mining: In a major backward integration move to create fuel security,

NTPC has ventured into coal mining business with an aim to meet about

20% of its coal requirement from its captive mines by 2017. The

Government of India has so far allotted 7 coal blocks to NTPC, including 2

blocks to be developed through joint venture route...

During the XII Plan, the company is planning to increase its capacity withthe 4,000-MW Kudgi project in Karnataka and a 4,000 MW plant atPudimadaka, near Visakhapatnam.

It also has plans to further increase its capacity with a 500 MW unit atSimhadri near Visakhapatnam, two units of 650 MW at Ramagundam inAndhra Pradesh and 1050 MW at Kayamkulam in Kerala. NTPC is also

planning to increase capacities with three 500 MW units at Vallur.

By 2032, NTPC is looking to take its overall power generation capacity to 1,

28,000 MW.

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POTENTIAL:

At present, Government of India holds 89.5% of the total equity shares of

the company and the balance 10.5% is held by FIIs, Domestic Banks, Publicand others.

RELIANCE POWER

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Sector: Private

Description:

Reliance Power has been established to develop, construct and operate

power projects both in India as well as internationally. The Company on its

own and through its subsidiaries has a portfolio of over 35,000 MW of

power generation capacity, both in operation as well as capacity under

development.

The company has 600 MW of operational power generation assets. The

projects under development include seven coal-fired projects to be fueled by

reserves from captive mines and supplies from India and elsewhere: two gas-

fired projects to be fueled primarily by reserves from the Krishna Godavari

Basin (the "KG Basin") offIndia's east coast: and seven hydroelectric

projects,six of them in Arunachal Pradesh and one in Uttarakhand.

Balance Sheet:

Balance Sheet ------------------- in Rs. Cr. -------------------



Sources Of FundsTotal Share Capital 2,805.13 2,396.80 2,396.80 2,259.95 200.04

Equity Share Capital 2,805.13 2,396.80 2,396.80 2,259.95 200.04

Share Application Money 0.00 0.00 0.00 0.00 0.00


Reserves 13,091.44 11,669.24 11,396.01 11,282.72 0.02

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Networth 15,896.57 14,066.04 13,792.81 13,542.67 200.06

Secured Loans 0.00 0.00 0.00 0.00 0.00

Unsecured Loans 1,554.05 0.00 0.00 0.00 0.00

Total Debt 1,554.05 0.00 0.00 0.00 0.00

Total Liabilities 17,450.62 14,066.04 13,792.81 13,542.67 200.06




Gross Block 96.53 81.16 78.18 67.41 67.27

Less: Accum.

Depreciation 11.30 2.40 1.58 1.06 1.00

Net Block 85.23 78.76 76.60 66.35 66.27

Capital Work in Progress 58.86 55.30 55.84 61.14 53.57

Investments 8,578.32 7,213.04 6,282.71 8,489.75 41.28

Inventories 0.00 0.00 0.00 0.00 0.00

Sundry Debtors 12.20 0.00 0.00 0.00 2.25

Cash and Bank Balance 17.20 8.15 14.37 361.11 0.72

Total Current Assets 29.40 8.15 14.37 361.11 2.97

Loans and Advances 7,599.92 6,656.41 7,407.58 4,988.93 40.68

Fixed Deposits 1,217.71 90.06 0.06 0.05 0.05


8,847.03 6,754.62 7,422.01 5,350.09 43.70

Deffered Credit 0.00 0.00 0.00 0.00 0.00

Current Liabilities 115.51 33.60 43.05 423.86 3.53

Provisions 3.33 2.08 1.30 0.79 1.25

Total CL & Provisions 118.84 35.68 44.35 424.65 4.78

Net Current Assets 8,728.19 6,718.94 7,377.66 4,925.44 38.92


Total Assets 17,450.60 14,066.04 13,792.81 13,542.68 200.04

Contingent Liabilities 2.90 0.00 8.13 8.57 9.03

Book Value (Rs) 56.67 58.69 57.55 59.92 10.00

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FINANCIALS:

Market Capitalization: 361580.8014674 (Rs. in Millions)

Total Income - Rs. 4715.286856 Million (year ending Mar 2011)

Net Profit - Rs. 2745.461583 Million ( year ending Mar 2011)


Reliance Power, the flagship company of the Anil Ambani group,plans to expand four large coal-fired power projects by 50% togenerate an additional 8,000 MW of power, which may be sold atmore attractive merchant rates, company sources said.

The company will scale up three ultra mega power projects of 4,000MW each at Sasan, Krishnapatnam, and Tilaiya. Similarly, it willexpand the Chitrangi plant in Madhya Pradesh, for which ReliancePowerplans to use coal from mines dedicated to the Sasan project.

The company aims to commission the first unit of 660 MW in Sasanin November 2012 and one new unit every subsequent quarter. The

entire project of 6,000 MW in Sasan will be fully commissioned by

December 2014. Similarly, the first unit of 660 MW in Krishnapatnam

will be commissioned in September 2013 and it will be fully

commissioned by December 2015.

POTENTIAL:

With large scale involvement in power sector Reliance Energy has the

advantage/potential to enter renewable energy sector using Fuel Cell technology,

as it is the most promising renewable source of energy. Moreover the company

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http://economictimes.indiatimes.com/reliance-power-ltd/stocks/companyid-4422.cmshttp://economictimes.indiatimes.com/reliance-power-ltd/stocks/companyid-4422.cmshttp://economictimes.indiatimes.com/reliance-power-ltd/stocks/companyid-4422.cmshttp://economictimes.indiatimes.com/reliance-power-ltd/stocks/companyid-4422.cms


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will have the first mover advantage as well as it can utilize the sops being

provided by GOI.

ADANI POWER


Sector: Private

Description:

Adani, a conglomerate with a formidable presence in multiple businessesacross the globe, has entered the power sector to harbinger a power full

India, by generating 20,000 MW of power by 2020. Our comprehension of

the criticality in meeting the power requirement and its crucial role in

ensuring the energy security of India, spurs us to build Indias largest and

one of the worlds top 5 single location thermal power plant in Mundra.

Adani Power Limited has commissioned the first supercritical 660 MW unit

in the country. Mundra is also the WORLDS FIRST supercritical

technology project to have received CLEAN DEVELOPMENT

MECHANISM (CDM) Project certification from United Nations

Framework Convention on Climate Change (UNFCCC).

Balance Sheet:


Sheet ------------------- in Rs. Cr. -------------------

Mar '11 Mar '10 Mar '09

12 mths 12 mths 12 mths

Sources Of Funds

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Total Share Capital 2,180.04 2,180.04 1,841.98

Equity Share Capital 2,180.04 2,180.04 1,841.98

Share Application Money 0.00 0.00 0.06

Preference Share Capital 0.00 0.00 0.00

Init. Contribution Settler 0.00 0.00 0.00

Preference ShareApplication Money

0.00 0.00 0.00

Employee Stock Opiton 0.00 0.00 0.00

Reserves 4,107.28 3,597.98 446.68

Revaluation Reserves 0.00 0.00 0.00

Networth 6,287.32 5,778.02 2,288.72

Secured Loans 20,413.19 10,022.01 4,089.69

Unsecured Loans 4,089.53 548.50 900.00

Total Debt 24,502.72 10,570.51 4,989.69

Minority Interest 566.26 102.34 69.94

Policy Holders Funds 0.00 0.00 0.00


0.00 0.00 0.00

Total Liabilities 30,790.04 16,348.53 7,278.41

Mar '11 Mar '10 Mar '09



Gross Block 9,028.34 2,854.91 347.17

Less: Accum. Depreciation 281.10 67.79 10.36

Net Block 8,747.24 2,787.12 336.81

Capital Work in Progress 23,690.86 12,769.07 6,588.91

Investments 10.01 0.01 0.00

Inventories 283.61 9.52 0.00

Sundry Debtors 417.41 256.30 0.00

Cash and Bank Balance 1,255.07 212.38 558.55

Total Current Assets 1,956.09 478.20 558.55

Loans and Advances 584.41 961.34 416.35

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Fixed Deposits 0.00 953.01 0.00


2,540.50 2,392.55 974.90

Deffered Credit 0.00 0.00 0.00

Current Liabilities 3,630.72 1,494.41 561.96

Provisions 1.59 3.48 0.00

Total CL & Provisions 3,632.31 1,497.89 561.96

Net Current Assets -1,091.81 894.66 412.94



0.00 0.00 0.00

Miscellaneous Expenses 0.00 0.00 9.67

Total Assets 31,356.30 16,450.86 7,348.33

ContingentLiabilities 44,312.12 25,839.26 23,437.94

Book Value (Rs) 28.84 26.50 12.42

FINANCIALS:

Market capitalization: 165355.66992 ( Rs. in Millions )

Total Income - Rs. 22116.2 Million ( year ending Mar 2011)



Adani Power today said it expects to increase its capacity to 5,500 MW from

present 3,300 MW by March 2012.

Pench Thermal Power Project (Upcoming)

Location : Chhindwara, District Chhindwara, Madhya Pradesh, India

Capacity : 1320 MW

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The Pench Thermal Power Project of 1320 MW is being set up by Adani PenchPower Limited, a subsidiary of Adani Power Limited. In line with our commitmentto the environment all the units are based on supercritical technology. The projectis in advanced stage of development and the project is planned to be commissionedin the second year of the XIIth Five Year Plan.

Dahej Thermal Power Project (Upcoming)

Adani Power Dahej Limited a subsidiary of Adani Power Limited is implementingat a coastal location, near the port of Dahej, in the industrial district of Bharuch inGujarat, a thermal power project with an aggregate capacity 2640 MW. The projectis advanced stage of development.

Bhadreshwar Thermal Power Project (Upcoming)

Kutchh Power Generation Limited a subsidiary of Adani Power Limited isimplementing at a coastal location, near the port of Mundra, in district Kutchh inGujarat, a thermal power project with an aggregate capacity 3300 MW. The projectis advanced stage of development.

POTENTIAL:

This is the first private sector HVDC transmission project in the country ensuringfree flow of power between Western India and the Northern Hinterland.

The advantageous edge Adani has, is the national and international coal miningrights with its promoter Company Adani Enterprises Limited which ensures fuelsecurity. Vertical integration within the Adani group shall provide synergies to the

power business and catapult it to electrifying heights of success.

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Lanco Infratech


Sector: Private

Description:

With its geographically diversified portfolio of thermal power projects, Lanco isuniquely poised to contribute significantly to filling the demand-supply gap in

power generation in the country. Lanco has taken a giant leap forward in theprivate IPP space standing as the top private power producer in the country by theend of FY'11 and will continue to hold its position in the elite league of top three.

The Lanco Thermal Division operates within the Lanco group's integrated power

value chain. This eco-system incorporates EPC and construction, development,operation and maintenance (O&M), trading, transmission and distribution and coalmines.

Balance Sheet:


Sheet------------------- in Rs. Cr. -------------------



Sources Of Funds

Total Share Capital 238.72 238.55 219.83 219.79 219.79

Equity Share Capital 238.72 238.55 219.83 219.79 219.79

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Init. Contribution Settler 0.00 0.00 0.00 0.00 0.00

Preference Share

Application Money 0.00 0.00 0.00 0.00 0.00

Employee Stock Opiton 46.63 74.60 0.00 0.00 0.00

Reserves 4,337.78 3,031.63 1,877.79 1,613.55 1,290.69


Networth 4,576.50 3,270.18 2,097.62 1,833.34 1,510.48

Secured Loans 15,477.53 7,561.91 5,247.27 2,860.30 1,694.88

Unsecured Loans 1,174.17 799.47 349.70 304.98 15.00

Total Debt 16,651.70 8,361.38 5,596.97 3,165.28 1,709.88


Policy Holders Funds 0.00 0.00 0.00 0.00 0.00


0.00 0.00 0.00 0.00 0.00





Gross Block 12,302.80 6,164.39 2,386.71 2,045.74 1,918.58


1,966.75 1,086.66 761.53 653.41 575.38

Net Block 10,336.05 5,077.73 1,625.18 1,392.33 1,343.20

Capital Work in Progress 5,304.68 1,923.73 4,005.38 2,410.61 1,095.80

Investments 3,194.94 2,022.89 983.69 696.55 602.91

Inventories 2,142.35 1,626.71 1,128.54 754.25 489.64

Sundry Debtors 2,130.44 2,227.00 1,194.35 724.08 269.42

Cash and Bank Balance 1,290.46 962.77 990.45 111.26 30.31

Total Current Assets 5,563.25 4,816.48 3,313.34 1,589.59 789.37

Loans and Advances 4,735.69 2,187.46 1,620.90 1,561.41 453.29

Fixed Deposits 0.00 0.00 0.00 629.87 474.74

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We are expecting to see capital expenditure of about Rs 24,000 crore over aperiod of three years, including the current fiscal (ending March, 2012). Thecapital expenditure would be Rs 8,000 crore every fiscal till the 2013-14

period, Lanco Infratech CFO Mr J Suresh Kumar told PTI

In March 2012, Lanco Infratech acquired Australia-based Griffin Coal forabout A$730 million.

Lanco will spend $1.4 billion of its own cash as it builds plants to generatean additional 6,000 megawatts by March 2015

POTENTIAL:

Against the 11th Five-Year Plan private sector target of 19,797 MW, Lanco isadding a 20 percent capacity. Lanco is one of the very few organisations that offersspecialised O&M of thermal power plants, and has set several benchmarks in thearea. Though the initial goal is to operate group assets, Lanco aims to become theleading O&M specialist within India and internationally.

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ABB Ltd


Sector: Private

Description:

ABB Ltd (India), the local subsidiary of the Swiss-Swedish engineering companyis a leading provider of integrated power and automation solutions for conventionaland renewable based power generation plants. With an extensive offering thatincludes electrical balance of plant, automation, instrumentation and controlsystems, and service along with more than 125 years of expertise and innovation

and a presence in over 100 countries ABB helps optimize performance, improvereliability, enhance efficiency and minimize environmental impact throughout the

plant life cycle.

Balance Sheet:

------------------- in Rs. Cr. -------------------

Dec '10 Dec '09 Dec '08 Dec '07 Dec '06


Sources Of Funds

Total Share Capital 42.38 42.38 42.38 42.38 42.38

Equity Share Capital 42.38 42.38 42.38 42.38 42.38


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Reserves 2,381.32 2,367.35 2,062.29 1,569.42 1,138.65


Networth 2,423.70 2,423.73 2,118.95 1,626.34 1,195.84

Secured Loans 0.00 0.00 0.00 0.00 0.00

Unsecured Loans 0.00 0.00 0.02 0.57 1.55

Total Debt 0.00 0.00 0.02 0.57 1.55


Dec '10 Dec '09 Dec '08 Dec '07 Dec '06



Gross Block 997.84 879.26 766.48 576.91 514.52


231.76 206.13 220.65 224.98 207.34

Net Block 766.08 673.13 545.83 351.93 307.18

Capital Work in Progress 57.70 116.34 137.51 105.94 24.62

Investments 16.80 16.88 61.12 70.45 77.35

Inventories 697.85 729.41 642.65 488.71 354.70

Sundry Debtors 2,925.97 2,857.73 2,975.89 2,423.56 1,570.27

Cash and Bank Balance 288.30 223.24 347.28 441.30 285.91

Total Current Assets 3,912.12 3,810.38 3,965.82 3,353.57 2,210.88

Loans and Advances 791.77 699.81 778.91 581.67 341.83

Fixed Deposits 298.83 300.90 0.95 201.56 260.53


5,002.72 4,811.09 4,745.68 4,136.80 2,813.24

Deffered Credit 0.00 0.00 0.00 0.00 0.00

Current Liabilities 3,234.94 3,048.65 3,211.55 2,970.40 1,969.43

Provisions 184.64 145.04 159.63 67.82 55.57

Total CL & Provisions 3,419.58 3,193.69 3,371.18 3,038.22 2,025.00

Net Current Assets 1,583.14 1,617.40 1,374.50 1,098.58 788.24


Total Assets 2,423.72 2,423.75 2,118.96 1,626.90 1,197.39

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Contingent Liabilities 369.48 226.58 248.09 133.10 95.57

Book Value (Rs) 114.38 113.72 99.32 76.06 278.67

FINANCIALS:

Market capitalization: 169632.6541875 ( Rs. in Millions )

Total Income: Rs. 63726.354 Million ( year ending Dec 2010)Net Profit: Rs. 632.303 Million ( year ending Dec 2010)


Recently, the group won a contract for an ultra high-voltage direct current (HVDC)link between Assam and Uttar Pradesh, to transport surplus power. The 1,728-kmline is a $900-million deal for ABB, and its Indian subsidiary's share is $130million.

POTENTIAL:

India energy starved country with demand exceeding supply by 13%. We need toadd 1 lakh MW (100,000MW)..immediately. So for the next two decades, theopportunity for us, the worlds largest player, to grow here is huge. ( ABB Indiasvice-chairman and managing director, Biplab Majumder)

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Cesc Ltd


Sector: Public

Description:

CESC, Calcutta Electric Supply Corporation (India), is engaged in power

generation and distribution in state of West Bengal.

CESC is a fully integrated power utility engaged in the generation and distribution

of electricity across 567 sq km of licensed area in Kolkata, West Bengal since

1899 serving 2.5 million consumers. This includes domestic, industrial andcommercial users. CESC owns and operates four thermal power plants generating

1,225 MW power. These are the Budge Budge generating station (750 MW),

Southern generating station (135 MW), Titagarh generating station (240 MW) and

New Cossipore generating station (100 MW). CESC owns and operates the T&D

system, which comprises 474 km circuit of transmission and 85 distribution

stations; 3,837 km circuit of high tension (HT) lines further linking distribution

stations with low tension (LT) substations, large industrial consumers and 9,867

km circuit of LT lines connecting the LT substations to LT consumers.

Balance sheet:

------------------- in Rs. Cr. -------------------

Mar '11 Mar '10 Mar '09 Mar '08

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12 mths 12 mths 12 mths 12 mths

Sources Of Funds

Total Share Capital 125.59 125.59 125.59 125.59

Equity Share Capital 125.59 125.59 125.59 125.59Share Application Money 0.00 1.00 0.50 0.98

Preference Share Capital 0.00 0.00 0.00 0.00

Init. Contribution Settler 0.00 0.00 0.00 0.00

Preference ShareApplication Money

0.00 0.00 0.00 0.00

Employee Stock Opiton 0.00 0.00 0.00 0.00

Reserves 4,575.16 3,039.04 2,884.35 2,796.35

Revaluation Reserves 0.00 1,373.70 1,490.55 1,614.32Networth 4,700.75 4,539.33 4,500.99 4,537.24

Secured Loans 3,300.76 2,806.22 2,266.10 1,595.15

Unsecured Loans 2,276.17 712.67 1,666.56 1,412.73

Total Debt 5,576.93 3,518.89 3,932.66 3,007.88

Minority Interest 2.11 0.89 0.00 0.00

Policy Holders Funds 0.00 0.00 0.00 0.00

Group Share in Joint

Venture

0.00 0.00 0.02 0.00

Total Liabilities 10,277.68 8,058.22 8,433.65 7,545.12

Mar '11 Mar '10 Mar '09 Mar '08

12 mths 12 mths 12 mths 12 mths


Gross Block 12,702.31 12,085.73 9,842.19 9,103.17

Less: Accum.

Depreciation

4,640.52 4,240.72 3,905.33 3,577.93

Net Block 8,061.79 7,845.01 5,936.86 5,525.24

Capital Work in Progress 880.14 442.16 1,351.49 711.90

Investments 417.37 437.37 434.27 529.85

Inventories 407.90 373.89 377.62 352.03

Sundry Debtors 582.01 517.63 411.89 340.35

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Cash and Bank Balance 1,229.12 130.76 172.91 164.90

Total Current Assets 2,219.03 1,022.28 962.42 857.28

Loans and Advances 626.23 543.42 505.41 469.45

Fixed Deposits 0.00 1,037.24 1,110.77 852.13


2,845.26 2,602.94 2,578.60 2,178.86

Deffered Credit 0.00 0.00 0.00 0.00

Current Liabilities 1,793.56 3,150.62 1,752.51 1,287.57

Provisions 137.62 124.89 124.88 121.89

Total CL & Provisions 1,931.18 3,275.51 1,877.39 1,409.46

Net Current Assets 914.08 -672.57 701.21 769.40

Minority Interest 0.00 0.00 0.00 0.00


0.00 0.00 0.00 0.00

Miscellaneous Expenses 6.42 7.13 9.83 8.73

Total Assets 10,279.80 8,059.10 8,433.66 7,545.12

Contingent Liabilities 3,291.46 1,313.01 310.34 892.57

Book Value (Rs) 376.25 253.30 240.92 233.88

FINANCIALS:


Total Income: Rs. 42472.6 Million ( year ending Mar 2011)Net Profit: Rs. 4884 Million ( year ending Mar 2011)


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Location Capacity Type Commissioning

Chandrapur Maharashtra 600MW Thermal 2013

Haldia phase I West Bengal 600 MW Thermal 2014

Dhenkenal Orissa 1000MW Thermal 2015

Dumka Jharkhand 600MW Thermal 2016Balagarh West Bengal 1320MW Thermal 2016

Pirpainti Bihar 2000MW Thermal 2017

CESC plans to add 6500 MW of generation capacity in its portfolio by FY15-

FY16, with 20% of the portfolio under operation and 20% under construction. The

remaining 60% of the capacity is still in the development stage and, hence, needs

to overcome a lot of hurdles in terms of land acquisition, fuel security, financial

closure and environmental clearances

POTENTIAL:

CESC has very strong relationships with multilateral institutions like IFC and ADB

who have extended loans of about US$ 169 Million for several projects.

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DPSC Ltd


Sector: Public and Private

Description:

DPSC Limited (DPSCL) and Associated Power Co. Ltd.,(APC) were incorporated

in the year 1919 primarily to supply power to the Bengal Coal Company Ltd, then

the largest producer of Coal in Asia, and also to the railways, industries and

townships in the Asansol - Raniganj areas.

FINANCIALS:




DPSC Ltd will be investing Rs 26,450 crore by 2015 in the power sector

across India.

DPSC have an installed capacity of power generation of about 77.4 Mw, andwill add another 4362 Mw with an investment of Rs 25,000 crore by March,2015 in Rajasthan, West Bengal, Bihar, Gujarat and Madhya Pradesh,"DPSC chairman Hemant Kanoria said.

"In power transmission and distribution segment, DPSC will investmentaround Rs 1450 crore," he said.

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Jindal India Thermal Power Ltd


Sector: Public

Description:

Jindal India Thermal Power Limited is a part of B.C. Jindal Group of Companies.

It is one of the leading business conglomerate in India with interest in diverse

industries including steel products, flexible packaging films and photographic

products. Jindal India Thermal Power Limited was incorporated to set-up thermalpower plants in India.


Jindal India Thermal Power Limited (JITPL) expects to commission the first

600 MW unit of its 1200 MW (2x600) power plant at Derang near Talcher

by March 2012.

Jindal India Thermal Power Plant (JITPL) has acquired 95 per cent of the

land needed for its project. JITPL had proposed to set up a 1200 MW power

plant at Derang on 1055 acres of land.

The Company's vision is to develop thermal power plants across various

States with a total installed capacity of 4440 MW to be implemented in

phases in next few years.

PROJECT UNDER

IMPLEMENTATION

PROJECT UNDER

DEVELOPMENT

PROJECT UNDER

PLANNING

Angul I Raigarh Project Angul II

3 x 600 MW = 1800MW 2 x 660 MW = 1320 MW 2 x 660 MW = 1320 MW

Angul, Odisha Raigarh, Chhattisgarh Angul, Odisha

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Neyveli Lignite Corporation (Thermal Plant)


Sector: Private

Description:

The epitome of Indo-Soviet Collaboration, the 600MW Neyveli Thermal Power

Station-1 was commissioned with one Unit of 50 MW in May 1962. Presently thisPower Station consists of six units of 50 MW each and three units of 100 MW

each. The last unit of this Power Station was synchronized in February 1970. The

entire Power Station was constructed with aid of esrtwhile Soviet Union. The

Power generated from this Thermal Station is fed to the Grid of Tamil Nadu

Transmission Corporation Limited(TANTRANSCO), (A Subsidaary of Tamil

Nadu Electricity Board (TNEB)),the sole beneficiary.

Balance sheet:

------------------- in Rs. Cr. -------------------

Mar '11 Mar '10 Mar '09


Sources Of Funds

Total Share Capital 1,677.71 1,677.71 1,677.71

Equity Share Capital 1,677.71 1,677.71 1,677.71

Share Application Money 0.00 0.00 0.00

Preference Share Capital 0.00 0.00 0.00

Init. Contribution Settler 0.00 0.00 0.00

Preference Share ApplicationMoney

0.00 0.00 0.00

Employee Stock Opiton 0.00 0.00 0.00

Reserves 9,496.77 8,646.96 7,791.52

Revaluation Reserves 0.00 0.00 0.00

Networth 11,174.48 10,324.67 9,469.23

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Secured Loans 4,257.50 3,509.42 3,252.65

Unsecured Loans 856.54 839.86 957.70

Total Debt 5,114.04 4,349.28 4,210.35


Policy Holders Funds 0.00 0.00 0.00

Group Share in Joint Venture 0.00 0.00 0.00

Total Liabilities 16,288.52 14,673.95 13,679.58

Mar '11 Mar '10 Mar '09



Gross Block 13,918.25 11,932.97 10,893.46

Less: Accum. Depreciation 7,066.86 6,693.70 6,390.42

Net Block 6,851.39 5,239.27 4,503.04

Capital Work in Progress 4,482.83 4,755.70 4,279.18

Investments 515.98 619.17 722.37Inventories 491.71 502.96 535.85

Sundry Debtors 2,202.39 1,611.62 781.44

Cash and Bank Balance 21.26 62.08 68.80

Total Current Assets 2,715.36 2,176.66 1,386.09

Loans and Advances 1,703.20 2,231.03 1,725.29

Fixed Deposits 4,402.73 4,764.53 5,413.39

Total CA, Loans & Advances 8,821.29 9,172.22 8,524.77

Deffered Credit 0.00 0.00 0.00

Current Liabilities 2,798.15 3,236.34 2,794.29

Provisions 1,583.03 1,942.24 1,672.49Total CL & Provisions 4,381.18 5,178.58 4,466.78

Net Current Assets 4,440.11 3,993.64 4,057.99


Group Share in Joint Venture 0.00 0.00 0.00

Miscellaneous Expenses 53.21 99.17 128.00

Total Assets 16,343.52 14,706.95 13,690.58

Contingent Liabilities 5,402.43 5,541.20 2,146.42

Book Value (Rs) 66.61 61.54 56.44

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FINANCIALS:





The state-run Neyveli Lignite Corporation Limited has undertakenthree thermal power projects worth Rs.13,270.22 crore for further expansionin Tamil Nadu, the Ministry of Coal said Tuesday.

The projects include the expansion of thermal power station TPS-II atNeyveli at an estimated cost of Rs.2,452.57 crore, the NTPL coal-basedpower station at Tuticorin at Rs.4,909.54 crore and the New Neyveli

Thermal Power station at Neyveli at Rs.5,907.11 crore, the ministry said in astatement.

PROJECT CAPACITY SANCTION COST

(Rs. In Crores)

Commissioning

Schedule

Coal based power project

Tuticorin

(2x500 mw)

4909.54Unit-I Apr 2012Unit-II Aug 2012

POTENTIAL:

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http://economictimes.indiatimes.com/topics.cms?search=thermal%20power%20projectshttp://economictimes.indiatimes.com/topics.cms?search=Tamil%20Naduhttp://economictimes.indiatimes.com/topics.cms?search=thermal%20power%20projectshttp://economictimes.indiatimes.com/topics.cms?search=Tamil%20Nadu


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The Union Government holds 93% shares of NLC and is administered through

Ministry of Coal.

INTERPRETATION

As the institutional framework is concerned, coal industry is predominantly

managed through a number of coal companies directly under the control of

Government of India.Burning of coal accounts for approximately one half of all

electricity generation whereas nuclear energy approximately one fourth of all

electricity generation.Growing concern about pollution and global warming has

led many individuals and nations to consider the nuclear industry as an excellent

alternative for future power generation. Technological advancements and increased

public awareness concerning nuclear power are critical to the success of the

nuclear industry. Investments made by the nuclear industry in both technology and

education should be seen in the near future. The future power reforms should be in

the field of nuclear energy.

Page | 37
http://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Ministry_of_Coal_(India)http://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Ministry_of_Coal_(India)


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THE FUTURE SCENARIO OF OVERAL MARKET

India targets 9 10% economic growth rate in a sustainable manner over next 10-

15 years. Adequate availability of energy would be essential for this objective to

materialize. There are shortages in all the energy segments. Substantial expansion

of capacities in coal, petroleum, gas and electricity is, therefore, the thrust of the

Government policies and programmes. Ultimate goal is to develop these markets

and facilitate, through various policy initiatives, their matured functioning in a

competitive manner. Skillful development of road maps to reach the goal is a

challenge. During the period of transition, therefore, regulatory interventions to

harmonize the interests of investors, developers and consumers, is an approach,

which is being pursued by various energy groups. In most cases, development of

energy sector, in various segments, has happened under government-controlled

organizations. Over last 10-15 years, private investments are being encouraged,

particularly in petroleum, natural gas and power. While India is fully committed to

develop and expand its energy markets, it is equally committed to ensure

environmental safeguards. Using latest cost effective technologies in all the energysegments forms an important part of policy and strategy.

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REFERENCES

www.moneycontrol.com

http://www.business-standard.com/india/index2.php

(http://www.bloomberg.com/news/2010-09-08/tata-power-may-invest-15-

billion-to-increase-capacity-eight-fold-by-2017.html)

(http://www.eai.in/club/users/Rahul/blogs/7273)

(http://www.thehindu.com)

(http://www.tatapower.com/aboutus/business-today.asp)

(http://www.infrawindow.com)

(http://articles.economictimes.indiatimes.com)

(www.thehindu.com)

(http://www.thehindubusinessline.com/companies/article2624345.ece)

(http://www.livemint.com/2010/07/18231731/ABB-is-looking-at-India-as-a-

m.html)

(http://breport.myiris.com/ICICISL/CESC_20120116.pdf)

(http://mjunction.in/market_news/coal_1/dpscipcl_to_invest_rs_26450_cr.p

hp)

(http://www.business-standard.com/india/news/jindal-india-thermal-power-

to-commission-600-mw-unit-by-mar-2012/409807/)

(http://articles.economictimes.indiatimes.com/2012-01-

10/news/30611875_1_thermal-power-projects-power-station-ntpl)

Page | 39
http://www.moneycontrol.com/http://www.business-standard.com/india/index2.phphttp://www.bloomberg.com/news/2010-09-08/tata-power-may-invest-15-billion-to-increase-capacity-eight-fold-by-2017.htmlhttp://www.bloomberg.com/news/2010-09-08/tata-power-may-invest-15-billion-to-increase-capacity-eight-fold-by-2017.htmlhttp://www.moneycontrol.com/http://www.business-standard.com/india/index2.phphttp://www.bloomberg.com/news/2010-09-08/tata-power-may-invest-15-billion-to-increase-capacity-eight-fold-by-2017.htmlhttp://www.bloomberg.com/news/2010-09-08/tata-power-may-invest-15-billion-to-increase-capacity-eight-fold-by-2017.html


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(http://www.nlcindia.com/index.php?file_name=about_01h)

thermal power project(1)

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