Annual Results Presentation FY09 - Tata Power
Transcript of Annual Results Presentation FY09 - Tata Power
Annual Financial Results FY09 28th May 2009
Operational Highlights
Financial Highlights
Growth Plans
Other Businesses
Sustainability
Contents
Awards & Recognitions
Financial Highlights-FY09
§ Revenues up 22% at Rs 7236.23 crores as compared to Rs5915.91 crores in the previous year.
§ Profit After Tax (PAT) witnessed a growth of 6% at Rs. 922.20 crores as against Rs 869.90 crores for the previous year, highest so far.
§ Profit Before Tax (PBT) up 15% at Rs. 1116.68 crores as against Rs 970.12 crores for the previous year
§ Dividend rises to Rs. 11.50 per share as compared to Rs 10.50 per share
Tata Power: Financials FY09
FY08 FY09
Generation Mus 14,717 14,807
Purchases Mus 875
Sales Mus 14,959 14,703
Operating Income Rs. Crs. 5,916 7,236
PBT Rs. Crs. 970 1,117
Tax Rs. Crs. 100 194
PAT Rs. Crs. 870 922
Statutory Appropriation Rs. Crs. 59 (45)
Distributable Profits Rs. Crs. 811 968
Dividend Rs. 10.50 11.50
EPS on DP Rs. 38.64 43.69
Tata Power ConsolidatedFinancial Highlights for year ended 31st March 2009
§ The Company s consolidated revenue rose by 61% at Rs. 17587.53 crores as compared to Rs. 10,890.86 crores in the previous year.
§ The Consolidated PAT for the year at Rs. 1218.74crs rose by 16% as against Rs. 1055.07 crs for the previous year.
§ The increase in the Operating revenue has been mainly on account of higher realization by coal companies.
Operational Highlights
Financial Highlights
Growth Plans
Other Businesses
Sustainability
Contents
Awards & Recognitions
Operational Highlights§ Annual Generation highest at 14807MUs (Previous high at
14717 MUs in FY08)
§ Jojobera thermal power station recorded a generation of 3,009 MUs during the year as compared to 2,862 MUs in the previous year, an increase of 5.12%. The power station achieved the highest ever generation, crossing the 3,000 MU mark for the first time while surpassing the previous record of 2,862 MUs in FY08.
§ The Belgaum Independent Power Plant (IPP) generated 447 MUs during the year as compared to 237 MUs in the previous year, an increase of 88.61% due to increased demand from Karnataka Power Transmission Corporation Ltd. (KPTCL).
Mumbai License Area : Customers
§ Supreme Court by its Landmark Judgment approved the PPAs signed by the
Company and BEST for 800 MW and with TPC D for 447 MW
§ Supreme Court has also held that Section 23 of the Electricity Act does not give
jurisdiction to MERC to allocate any power to a non-contracting discom
§ Post Supreme Court judgment allowing Tata Power Distribution 2366
Customers were added taking Customer Base to 26005
§ Customer Care Center started at Borivali
§ Overall Customer Satisfaction Index has improved from 73.8 (FY08) to 81.3
(FY09)
§ Geographical Information System (GIS) implementation is in progress
Operational Highlights
Operational Highlights
Financial Highlights
Growth Plans
Other Businesses
Sustainability
Contents
Awards & Recognitions
Thermal (5200 MW)
Mundra 4000 MWJojobera/Jamshedpur 120 MW
Haldia 30 MW
Maithon1050 MW
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Projects Under Implementation
MundraUMPP
Project Capacity 4000 MW (5 x 800 MW)
Ownership Structure 100% subsidiary: Coastal Gujarat Power Limited
Customers Gujarat (1805 MW), Maharashtra (760 MW), Punjab (475 MW), Haryana (380 MW), Rajasthan (380 MW)
Completion Targeted by 2012 vs 2014 as per bid conditions
Project StatusThe Company has completed all pre-disbursement conditions in the financing agreements and has been receiving loan disbursements from the lenders as per the funding plan from its lenders. The project is progressing as per schedule. The first unit is expected to be commissioned by September 2011,ahead of the original schedule of August 2012.
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Maithon
Project Capacity 1050 MW (2 x 525MW)
Ownership Structure Maithon Power Limited 74: 26 JV of Tata Power and Damodar Valley Corporation
Customers DVC , Active discussions with PSEB, NDPL and WBSEB
CompletionUnit 1: 2010, Unit 2: 2011
Project StatusOrdering has been completed within budget for all packages. Civil works have commenced at site. Power sales for the entire capacity have been firmed up. The first unit is expected to be commissioned in the third quarter of FY 11 and the second unit by end of FY 11.
Business Model Regulated
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Captive Power Plants
Project Capacity 120 MW
Ownership Structure IEL (74:26 JV of Tata Power and Tata Steel)
The plant was synchronisedin end March 2009 with gas and was inaugurated on May 2009. Applying for registration under Clean Development Mechanism (CDM) of Kyoto Protocol of UNFCCC.
Project Status
Business Model CPP
120 MW
IEL
To be completed by September 09
Fuel: Linkage from West Bokaro and Mahanadi Coal field.
Land: Provided by Tata Steel
CPP
JAMSHEDPUR (PH #6) JOJOBERA (Unit #5)
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Trombay Unit 8
Project Capacity 250 MW Expansion Project at Trombay
Ownership Structure Tata Power Division
The 250 MW imported coal based plant at Trombay was commissioned during the year and started commercial operations from end March 2009.
The capacity of this unit is being sold to BEST, Tata Power Distribution in Mumbai Licence Area and Tata Power Trading Company Limited.
Business Model PPA with TPC D, BEST (150 MW)
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Haldia
Project Capacity 120 MW (2 x 45 MW + 30MW)
Ownership Structure Tata Power Division
Customers Hoogly Metcoke, PPA with Tata Power Trading and WBSEDCL
Project Status
During the year, the Company commissioned Units 1 and 2 of 45 MW each. The collective generation of these two units during the year was179 MUs of power. The 30 MW Unit 3 has is scheduled to be commissioned in Q1 of FY10, but can be utilised fully only by Q3 FY10 once adequate quantity of production gases is available.
Business Model Regulated
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Wind Projects under implementation
Wind Power Generation Capacity at start of FY09Supa, Maharashtra : 17 MWKhandke, Maharashtra : 50 MWBramanvel, Maharashtra : 11 MW
Wind Power Generation Capacity augmentation during FY09Gadag, Karnataka : 36 MW (45 turbines of 0.8 MW Capacity each)Samana, Gujarat : 29.6 MW (37 turbines of 0.8 MW Capacity each)Sadawaghapur, Maharashtra : 15 MW (12 turbines of 1.25 MW Capacity each)
Collective generation by these wind farms was 177 MU during the year as against 127 MU in the previous yearBalance 18 turbines at Gadag ( 14.4 MW), 26 turbines at Samana ( 20.8 MW) and 2
turbines at Sadawaghapur ( 2.5 MW) will be commissioned in FY10.10 MW at new site at Visapur in Maharashtra will be completed by Sept 09.
Renewable and Clean Coal Technology
Solar Concentrated Thermal (SCT)
GeoThermal energy
Coal Bed Methane (CBM)
Coal beneficiation technologies
Solar Concentrated Thermal (SCT)
GeoThermal energy
Coal Bed Methane (CBM)
Coal beneficiation technologies
Operational Highlights
Financial Highlights
Growth Plans
Other Businesses
Sustainability
Contents
Awards & Recognitions
North Delhi Power Limited (NDPL):§ Revenue of Rs. 2467.87 crores, a growth of 7.90% as compared to the previous year§ Net profit of Rs. 171.47 crores during the year as compared to Rs. 281.58 crores in
the previous year.
Powerlinks Transmission Limited (Powerlinks): § Powerlinks, the first public-private joint venture in power transmission in India has
earned revenues of Rs. 254.49 Crores as against Rs. 245.52 Crores in the previous year.
§ The Profit after Tax also increased to Rs.65.34 Crores from Rs. 58.41 Crores in the previous year.
Tata Power Trading Company Limited (TPTCL):§ Traded 2996 MUs during the year as compared to 1,711 MUs in the previous
year, § Revenues up by 146% to Rs. 2171.93 crores from Rs. 882.12 crores in the
previous year. § Profit after Tax also increased from Rs. 7.63 crores as against Rs. 4.3 crores in
the previous year.
Other Businesses:
Operational Highlights
Financial Highlights
Growth Plans
Other Businesses
Sustainability
Contents
Awards & Recognitions
Climate Change
Organized a Forum for 46 Indian companies along with Vattenfall: new policy
framework on Combating Climate Change (3C)
Carbon Footprint for the Company completed
Sustainability Council formed - 17 CDM Projects Identified
Utilization of waste hot gases from steel plants for power generation
Organized a Forum for 46 Indian companies along with Vattenfall: new policy
framework on Combating Climate Change (3C)
Carbon Footprint for the Company completed
Sustainability Council formed - 17 CDM Projects Identified
Utilization of waste hot gases from steel plants for power generation
Demand Side Management
Energy conservation awareness campaigns for Customers & Schools
Tata Power Energy Club formed for curbing energy wastage
The Energy club has sensitized more than 11,000 students in 28 schools in
Mumbai who in turn have sensitized 38,000 Mumbai citizens through friends
and neighbourhood sensitization initiative
Energy conservation awareness campaigns for Customers & Schools
Tata Power Energy Club formed for curbing energy wastage
The Energy club has sensitized more than 11,000 students in 28 schools in
Mumbai who in turn have sensitized 38,000 Mumbai citizens through friends
and neighbourhood sensitization initiative
People Development
qTraining Mandays per employee : Q4 FY09 : 1.4 FY 09 : 9.67
qKey focus areas for training and development
q Safety
q Project Management at NICMAR
q Technical training including simulators
q LASER workshops at Trombay and Salsette
q SDM Workshops
q Innovation and TBEM Facilitator training programs
qMulti Rater workshops
q LEHER ONE for self development started in April 09
People Development
q Job rotation opportunity provided to 44 employees in Q4 FY09
qExternal programs / conferences attended by 104 employees in Q4 FY09
qTalent management exercise in progress; ACE process completed
q PMS Cycle for Officers (DGM and below) and workmen completed
qNominations to Boards of Subsidiary companies
q FORT and FACE teams projects in progress
Operational Highlights
Financial Highlights
Growth Plans
Other Businesses
Sustainability
Contents
Awards & Recognitions
Trombay Thermal Power Station awarded the Greentech Safety Award 2009 in Gold Category in Power Sector.
The Company won the civic award in the category social development instituted by Bombay Chambers for the Year 2007-08.
Jojobera division received first prize in ash management from Jharkhand State Pollution Control Board.
Ministry of Power & Central Electricity Authority have awarded Bhira and BhiraPump Storage Scheme (6X25 + 1 X 150 MW) as second best performing station (Silver Shield) in the country for the year 2007-08, in the category of Power Stations more than 100 MW. This is the second consecutive year Bhiradivision has won this award.
Awards and Recognitions:
4000 MW Ultra Mega Power Project at Mundra voted as Power deal of the year by PFI in their year book 2009.
4000 MW Mundra UMPP won the Award in the category Power Deal of the Year at the 2008 Infrastructure Journal Awards.
BNHS Green Governance Award for CSR activities, for the year 2007-08. Gold Shield for the Annual Report and Accounts of the organisation for the year ended March 31, 2008, have been adjudged as the best under the Category ’Infrastructure & Construction Sector’ (Category ’VI’) of the ’ICAI Awards for Excellence in Financial Reporting’
Four 5S Teams from Trombay participated in the 1st Western Region Quality convention held at Pune on 19th April 2008. 70 Teams from Aurangabad, Mumbai, Nagpur, Pune and Vadodara Chapters participated. There were six Winners and six Runners up.
Awards and Recognitions:
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