NTPC Ar 2012 13

A Maharatna Company
Powering Indias Growth

37
th
Annual Report
2012-2013
MISSION
DEVELOP AND PROVIDE RELIABLE POWER, RELATED PRODUCTS
AND SERVICES AT COMPETITIVE PRICES, INTEGRATING MULTIPLE
ENERGY SOURCES WITH INNOVATIVE AND ECO-FRIENDLY
TECHNOLOGIES AND CONTRIBUTE TO SOCIETY
TO BE THE WORLDS LARGEST AND BEST POWER
PRODUCER, POWERING INDIAS GROWTH
V
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37
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Annual Report 2012-2013 1
CORPORATE OBJECTIVES
To realise the vision and mission, eight key corporate objectives have been identied. These objectives would provide the
link between the dened mission and the functional strategies:
Business portfolio growth
o fur|hcr conso||oe|c ||C's pos|||on es |hc |ceo|n |hcrme|
povcr cncre||on compeny |n lno|e eno cs|ec||sh e prcscncc
|n hyoro povcr scmcn|.
o croeo cesc |hc cncre||on m|x cy cve|ue||n convcn||one|
eno non-convcn||one| sourccs of cncry |o cnsurc |on run
compc||||vcncss eno m|||e|c fuc| r|s|s.
o o|vcrs|fy ecross |hc povcr ve|uc che|n |n lno|e cy
cons|ocr|n cec|vero eno forvero |n|cre||on |n|o erces
such es povcr |reo|n, |rensm|ss|on, o|s|r|cu||on, coe|
m|n|n, coe| ccncnc|e||on, c|c.
o ocvc|op e por|fo||o of cncre||on essc|s |n |n|crne||one|
mer|c|s.
o cs|ec||sh e s|ron scrv|ccs creno |n |hc oomcs||c eno
|n|crne||one| mer|c|s.
Customer Focus
o fos|cr e co||ecore||vc s|y|c of vor||n v||h cus|omcrs,
rov|n |o cc e prcfcrrco creno for supp|y of que|||y
povcr.
o cxpeno |hc rc|e||onsh|p v||h cx|s||n cus|omcrs cy
offcr|n e couquc| of scrv|ccs |n eoo|||on |o supp|y of povcr
c.. |reo|n, cncry consu|||n, o|s|r|cu||on consu|||n,
menecmcn| prec||ccs.
o cxpeno |hc fu|urc cus|omcr por|fo||o |hrouh pron|ec|c
o|vcrs|nce||on |n|o oovns|rcem cus|ncsscs, |n|cr e||e rc|e||
o|s|r|cu||on eno o|rcc| supp|y.
o cnsurc rep|o commcrc|e| occ|s|on me||n, us|n cus|omcr
spcc|nc |nforme||on, v||h eocque|c conccrn for |hc |n|crcs|s
of |hc cus|omcr.
Agile Corporation
o cnsurc cffcc||vcncss |n cus|ncss occ|s|ons eno
rcspons|vcncss |o chencs |n |hc cus|ncss cnv|ronmcn| cy:
- /oop||n e por|fo||o epproech |o ncv cus|ncss
ocvc|opmcn|.
- Con||nuous eno co-oro|ne|co esscssmcn| of |hc cus|ncss
cnv|ronmcn| |o |ocn||fy eno rcspono |o oppor|un|||cs
eno |hrce|s.
o ocvc|op e |cern|n oren|se||on hev|n |nov|coc-cesco
compc||||vc coc |n currcn| eno fu|urc cus|ncsscs.
o cffcc||vc|y |cvcrec lnforme||on cchno|oy |o cnsurc
spccoy occ|s|on me||n ecross |hc oren|se||on.
Performance Leadership
o con||nuous|y |mprovc on procc| cxccu||on ||mc eno cos|
|n orocr |o sus|e|n |on run compc||||vcncss |n cncre||on.
o opcre|c & me|n|e|n ||C s|e||ons e| per v||h |hc ccs|-run
u||||||cs |n |hc vor|o v||h rcspcc| |o eve||ec||||y, rc||ec||||y,
cfnc|cncy, proouc||v||y eno cos|s.
o cffcc||vc|y |cvcrec lnforme||on cchno|oy |o or|vc
proccss cfnc|cnc|cs.
- o e|m for pcrformencc cxcc||cncc |n |hc o|vcrs|nce||on
cus|ncsscs.
- o cmcco que|||y |n e|| sys|cms eno proccsscs.
Human Resource Development
o cnhencc oren|se||one| pcrformencc cy |ns|||u||one||s|n
en occc||vc eno opcn pcrformencc menecmcn| sys|cm.
o e||n |no|v|oue| eno oren|se||one| nccos eno ocvc|op
cus|ncss |ceocrs cy |mp|cmcn||n e cerccr ocvc|opmcn|
sys|cm.
o cnhencc comm||mcn| of cmp|oyccs cy rccon|s|n eno
rcvero|n h|h pcrformencc.
o cu||o eno sus|e|n e |cern|n oren|se||on of compc|cn|
vor|o-c|ess profcss|one|s.
o |ns|||u||one||sc corc ve|ucs eno crce|c e cu||urc of |cem-
cu||o|n, cmpovcrmcn|, cqu||y, |nnove||on eno opcnncss
vh|ch vou|o mo||ve|c cmp|oyccs eno cnec|c ech|cvcmcn|
of s|re|c|c occc||vcs.
Financial Soundness
o me|n|e|n eno |mprovc |hc nnenc|e| sounoncss of ||C cy
pruocn| menecmcn| of |hc nnenc|e| rcsourccs.
o con||nuous|y s|r|vc |o rcoucc |hc cos| of cep||e| |hrouh
pruocn| menecmcn| of ocp|oyco funos, |cvcre|n
oppor|un|||cs |n oomcs||c eno |n|crne||one| nnenc|e|
mer|c|s.
o ocvc|op eppropr|e|c commcrc|e| po||c|cs eno proccsscs
vh|ch vou|o cnsurc rcmuncre||vc |er|ffs eno m|n|m|sc
rccc|vec|cs.
o con||nuous|y s|r|vc for rcouc||on |n cos| of povcr
cncre||on cy |mprov|n opcre||n prec||ccs.
Sustainable Power Development
o con|r|cu|c |o sus|e|nec|c povcr ocvc|opmcn| cy
o|scher|n corpore|c soc|e| rcspons|c|||||cs.
o |ceo |hc scc|or |n |hc erces of rcsc|||cmcn| eno
rchec||||e||on eno cnv|ronmcn| pro|cc||on |nc|uo|n
cffcc||vc esh-u||||se||on, pcr|phcre| ocvc|opmcn| eno cncry
conscrve||on prec||ccs.
o |ceo ocvc|opmcn|e| cffor|s |n |hc lno|en povcr scc|or
|hrouh cffor|s e| po||cy eovocecy, ess|s||n cus|omcrs |n
rcforms, o|sscm|ne||n ccs| prec||ccs |n |hc opcre||ons eno
menecmcn| of povcr p|en|s c|c.
Research and Development
o p|onccr |hc eoop||on of rc||ec|c, cfnc|cn| eno cos|-
cffcc||vc |cchno|o|cs cy cerry|n ou| funoemcn|e| eno
epp||co rcscerch |n e||crne|c fuc|s eno |cchno|o|cs.
o cerry ou| rcscerch eno ocvc|opmcn| of crce||hrouh
|cchn|qucs |n povcr p|en| cons|ruc||on eno opcre||on |he|
cen |ceo |o morc cfnc|cn|, rc||ec|c eno cnv|ronmcn| fr|cno|y
opcre||on of povcr p|en|s |n |hc coun|ry.
o o|sscm|ne|c |hc |cchno|o|cs |o o|hcr p|eycrs |n |hc scc|or
eno |n |hc |on run cncre||n rcvcnuc |hrouh propr|c|ery
|cchno|o|cs.
37
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REFERENCE INFORMATION
Registered Ofce Bankers
||C bheven, SCO|| Comp|cx ,
7, lns|||u||one| /rce, |oo| |oeo,
|cv |c|h| 11O OO3
/||eheceo ben|
/nohre ben|
ben| of lno|e
|honc |o. : O11-243o O1OO Cenere ben|
|ex |o. : O11-243o 1O18 Ccn|re| ben| of lno|e
\cc s||c : vvv.n|pc.co.|n C||| ben|, |/
|cne ben|
Subsidiaries lno|en Ovcrsces ben|
||C ||cc|r|c Supp|y Compeny ||o. lClCl ben| ||o.
||C |yoro ||o. l|bl ben| ||o.
||C v|oyu| vyeper ||em ||o. !emmu & |eshm|r ben| ||o.
|en|| b||cc 0|peoen ||em ||o. Or|cn|e| ben| of Commcrcc
bher||ye |e|| b||cc Compeny ||o. |unec |e||one| ben|
|unec & S|no ben|
Registrar & Share Transfer Agent S|e|c ben| of b||encr & !e|pur
|ervy Compu|crsherc |v|. ||o. S|e|c ben| of Vysorc
17-24, v|||e| |eo |eer S|e|c ben| of |yocreceo
Veohepur S|e|c ben| of lno|e
|yocreceo 5OO O81 S|e|c ben| of |e||e|e
|honc |o. : O4O-2342 O815-28 S|e|c ben| of revencorc
|ex |o. : O4O-2342 O814 0CO ben|
|-me|| : c|nvero.r|s|ervy.com 0n|on ben| of lno|e
0n||co ben| of lno|e
Shares listed at v|eye ben|
|e||one| S|oc| |xchenc of lno|e ||m||co
bomcey S|oc| |xchenc ||m||co
Auditors
Depositories V/s O. |. be|e & Co.
|e||one| Sccur|||cs |cpos||ory ||m||co V/s |. |. Son| & Co.
Ccn|re| |cpos||ory Scrv|ccs ,lno|e) ||m||co V/s ||| Sr|oher & Sen|henem
V/s v. Sen|er /|yer & Co.
Company Secretary V/s |emcsh C. /reve| & Co.
/. |. |es|o| V/s /. |. & Co.
37
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CONTENTS
|c||cr |o Shercho|ocrs ................................................................................................................................................. 5
|o||cc of /GV ............................................................................................................................................................ 7
S|e||on-v|sc Gcncre||on ............................................................................................................................................. 13
Sc|cc|co ||nenc|e| lnforme||on .................................................................................................................................. 15
||rcc|ors' |ron|c ........................................................................................................................................................ 16
Scn|or Venecmcn| cem ......................................................................................................................................... 21
||rcc|ors' |cpor| ....................................................................................................................................................... 22
Venecmcn| ||scuss|on eno /ne|ys|s ...................................................................................................................... 41
|cpor| on Corpore|c Govcrnencc ............................................................................................................................. 68
bus|ncss |cspons|c||||y |cpor| .................................................................................................................................. 95
S|enoe|onc ||nenc|e| S|e|cmcn|s ............................................................................................................................. 106
lnocpcnocn| /uo||ors' |cpor| ................................................................................................................................ 149
Commcn|s of |hc Comp|ro||cr eno /uo||or Gcncre| of lno|e .................................................................................. 151
|mp|oycc Cos| Summery ........................................................................................................................................ 152
|cvcnuc |xpcno||urc on Soc|e| Ovcrhceos ........................................................................................................... 152
Sucs|o|ery Compen|cs ............................................................................................................................................ 153
Conso||oe|co ||nenc|e| S|e|cmcn|s ......................................................................................................................... 213
GREEN INITIATIVE IN THE CORPORATE GOVERNANCE
The Ministry of Corporate Affairs has taken a Green Initiative in the Corporate Governance by allowing
paperless compliances by the companies and has issued circulars stating that service of notice/
documents including Annual Reports can be sent by e-mail to its members. To support this green initiative
of the Government in full measure, members who have not registered their e-mail addresses, so far, are
requested to register their e-mail addresses, in respect of electronic holdings with the Depository through
their concerned Depository Participants. Members who hold shares in physical form are requested to get
their e-mail addresses registered with Karvy Computershare Private Limited, RTA of the Company.
37
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Annual Report 2012-2013 4 37
th
THE YEAR AT A GLANCE
2012-13 2011-12
Gross Generation Million Units 232028 222068
Commercial Generation 230993 220696
Energy sent out 215922 206682
Sale of Energy ` Crore 64190 61002
Prot before tax 16579 12326
Prot after tax 12619 9224
Dividend* 4741 3298
Dividend tax** 782 528
Retained Prot 7096 5398
Net Fixed Assets 62936 45258
Net Worth 80388 73291
Borrowings 58146 50279
Capital Employed 84419 75137
Net Cash From Operations 15495 10710
Value Added 22999 19738
No. of Employees # Number 23865 24011
Value added per employee ` Crore 0.96 0.82
Debt to Equity Ratio 0.72 0.69
Debt Service Coverage Ratio (DSCR) Times 3.17 3.21
Interest Service Coverage Ratio (ISCR) Times 10.39 9.81
Return on Capital Employed % 15.95 14.23
Face Value Per share ` 10.00 10.00
Dividend Per Share 5.75* 4.00
Book Value Per Share 97.49 88.89
Earnings Per Share 15.30 11.19
# excluding Joint Ventures and Subsidiary Companies
* including nal and special dividend recommended by the Board
**including tax on nal and special dividend recommended by the Board
Proft after Tax
14000
12000
10000
8000
6000
4000
2000
0
8,201.30
8,728.20
9,102.59
9,223.73
12,619.39
2008-09 2009-10 2010-11 2011-12 2012-13
`

C
r
o
r
e
Year
CAGR 11.22%
Growth in commercial capacity & ESO
Commercial Capacity
(NTPC Standalone) (MW)
Energy Sent Out (ESO)
(NTPC Standalone) (BU)
418
325
547
205
207
2012-13 2008-09 2009-10 2010-11 2011-12
215.922
30990
29830
28840
193.688
27850
34820
206.682
206.582
205.091
37
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/our Compeny ech|cvco |hc h|hcs| cvcr cepcx of ` 19,92o
crorc vh|ch |s ncer|y 25% morc |hen prcv|ous ycer's cepcx.
/e|ns| e||-lno|e ||| of 7O%, your Compeny me|n|e|nco |||
of 83% our|n nnenc|e| ycer 2O12-13 ocsp||c cons|re|n|s of
fuc| eve||ec||||y eno nnenc|e| s||ue||on of cus|omcr u||||||cs.
\||h 18.4% of lno|e's |o|e| |ns|e||co cepec||y, your Compeny
eccoun|co for 27.4% of lno|e's |o|e| cncre||on |n nnenc|e|
ycer 2O12-13, unocr||n|n ||s cons|s|cn||y h|h cncre||on
cfnc|cncy.
/our Compeny rcme|ns |hc mer|c| |ceocr eno e|so emon
|hc |ovcs| cos| proouccrs of povcr v||h en evcrec sc|||n
pr|cc of ` 2.9o pcr un|| our|n nnenc|e| ycer 2O12-13.
V|n|n ec||v|||cs erc e| en eovencco s|ec |n |hc nrs| coe|
c|oc| e| |e|r|-berveo|h.
V|n|s|ry of Coe| hes v||horevn oc-e||oce||on of Che|||
ber|e|u, Che||| ber|e|u ,Sou|h) eno |crenoer| coe| c|oc|s.
V|n|n ec||v|||cs erc prorcss|n vc|| e| |crenoer|, Che|||-
ber|e|u eno e|e|pe||| coe| c|oc|s e|so.
\||h |hc rcccn| e||oce||ons of four coe| c|oc|s hev|n
cs||me|co co|o|ce| rcscrvcs of ecou| 2 c||||on |onncs, |hc
|o|e| coe| rcscrvcs of your Compeny nov emoun| |o 5
c||||on |onncs.
Coe| Supp|y /rccmcn|s ,CS/) hevc cccn s|nco v||h |hc
sucs|o|er|cs of Coe| lno|e ||o. for supp|y of ecou| oO V|/
|o ce|cr |o |hc rcqu|rcmcn| of ovcr 14,OOO V\ cepec||y
,|nc|uo|n !v un||s) comm|ss|onco ef|cr Verch 2OO9. /s
you mey cc everc |he| for un||s comm|ss|onco up|o Verch
2OO9 erce||n |o ecou| 24,OOO V\, CS/s heo e|rceoy
cccn |n p|ecc. hus, |hc |on |crm coe| supp|y of your
Compeny's cncre||n un||s |s cec|co cy souno con|rec|ue|
errencmcn|s.
/our Compeny erncrco ovcr 0S| 2 c||||on ,` 11,4o9.39 Cr)
e| vc|h|co evcrec pr|cc of ` 14o.43 pcr sherc our|n
'Offcr for Se|c' ,O|S) for o|s|nvcs|mcn| of fur|hcr 9.5%
Gol's s|e|c vh|ch ves ovcrsucscr|cco cy 1.7 ||mcs v||h
45% com|n from forc|n |nvcs|ors. |ov, |hc Govcrnmcn|
shercho|o|n |n your Compeny s|enos e| 75%. ||C's O|S
con|r|cu|co ncer|y he|f of |hc rcsourccs re|sco cy
Govcrnmcn| of lno|e |hrouh ||s o|s|nvcs|mcn| proremmc
our|n |/13. hus, your Compeny hes ocmons|re|co |he| ||
cnoys |rcmcnoous connocncc of |hc |nvcs|ors, co|h
oomcs||c eno |n|crne||one|.
LETTER TO
SHAREHOLDERS
|cer Shercovncrs,
l| |s my rce| p|cesurc |o sherc v||h you |he| |hc ycer 2O12-
13 ves mer|co v||h cxccp||one| ech|cvcmcn|s cy your
Compeny.
/our Compeny hes cccn ren|co #1 lnocpcnocn| |ovcr
|roouccr eno |ncry reocr' |n |hc vor|o cy ||e||s.
/our Compeny eooco rce|cr |hrus| |o con||nuc |hc s|ron
cepec||y-eoo|||on momcn|um ecqu|rco our|n |hc prcv|ous
|vo ycers, eoo|n 4,17O V\ ,|nc|uo|n 1OOO V\ |hrouh
!v Compen|cs), vh|ch |s cy fer |hc h|hcs| cvcr cepec||y
eoo|||on |n e ycer.
/our Compeny crossco |hc 4O,OOO V\ mer| eno vcn| vc||
ovcr || rcech|n e |o|e| |ns|e||co cepec||y of 41,184 V\
,|nc|uo|n 5,3o4 V\ |hrouh !v & Sucs|o|ery Compen|cs).
o sus|e|n |hc s|ron rov|h momcn|um, your Compeny
p|ecco everos for e cepec||y of 8,521 V\ our|n |hc ycer.
/| prcscn| en erce|c cepec||y of 2O,Oo4 V\ |s unocr
cons|ruc||on. hus, your Compeny |s vc|| po|sco |o ech|cvc
|hc 12
|h
||en |erc| of 14,O38 V\ eno cvcn surpess ||.
37
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/our Compeny's nnenc|e| pcrformencc ves cxccp||one||y
s|ron v||h e |ron| /f|cr ex ,|/) of ` 12,o19 crorc, en
|ncrcesc of ecou| 37% ovcr |hc prcv|ous ycer's |/. hc
|o|e| |ncomc s|ooo e| ` o8,775 crorc, e rov|h of o%.
ln eoo|||on |o |hc |n|cr|m o|v|ocno of ` 3.75 pcr cqu||y
sherc pe|o |n Verch 2O13, your ||rcc|ors hevc rccommcnoco
e spcc|e| o|v|ocno of ` 1.25 pcr sherc eno nne| o|v|ocno of
` O.75 pcr sherc for |hc ycer 2O12-13 succc| |o your
epprove| |e||n |hc |o|e| o|v|ocno for |hc ycer |o ` 5.75 pcr
sherc, ee|ns| ` 4.OO pcr sherc |n 2O11-12.
On |hc s|rcn|h of ||s rocus| nnenc|e| re||os eno s|ron
ce|encc shcc|, your Compeny hes cccn ec|c |o re|sc occ|
e| op||me| re|cs.
/ no|ec|c succcss ves |hc occ|s|on ecou| rccovcry of |on
pcno|n oucs of ` 2,52O crorc |overos sc|||cmcn| of oucs
of crs|vh||c |c|h| ||cc|r|c Supp|y 0nocr|e||n ,||S0).
\||h focus on e||-rouno sus|e|nec||||y of rov|h eno
pcrformencc, your Compeny |e|cs up vc|| |e|o oovn
|n|||e||vcs |n |hc erces of |nv|ronmcn|, CS| eno Corpore|c
Govcrnencc.
/our Compeny hes comm|ss|onco 1O V\ of so|er povcr
p|en|s of 5 V\ cech e| |eor| |n 0||er |reocsh eno e| |or|
b|e|r |n /noemen & ||cocer ls|enos. 85 V\ of so|er
cepec||y eno 8 V\ of sme|| hyoro procc|s erc unocr
|mp|cmcn|e||on. /our Compeny p|ens |o me|c sucs|en||e|
s|r|ocs |n rcncvec|c cncry ocvc|opmcn| eno hes e |erc|
of 1,OOO V\ cepec||y cy 2O17.
So fer, morc |hen 35 V of CO
2
hes cccn evo|oco |n ||C
|nc|uo|n 2.15 V evo|oco |n 2O12-13 es e rcsu|| of
conccr|co ec||on cy e|| roups conccrnco |n |hc Compeny.
|fnc|cncy |mprovcmcn|, c||me|c chenc eno un-
convcn||one| cncry sourccs erc emon |hc |cy pr|or|||cs
cch|no |hc |&| cffor|s of your Compeny.
|rom eoop||n eno ocvc|op|n s|e|c-of-|hc-er| povcr
cncre||on |cchno|o|cs |o |ns|e|||n CO
2
mon||or|n
sys|cm, cncry euo|| eno conscrve||on eno crce||on of e
rccn vce||h of ecou| 2O m||||on |rccs, your Compeny hes
unocr|e|cn e croeo spcc|rum of mcesurcs for promo||n
cnv|ronmcn|e||y sus|e|nec|c rov|h.
Soc|e| |nc|us|on |s e u|o|n fce|urc of ||C's rov|h
s|re|cy v||h spcc|nc |n|||e||vcs |n erces of |nfres|ruc|urc
ocvc|opmcn|, hce||hcerc, couce||on, ve|cr supp|y,
sen||e||on, vomcn cmpovcrmcn| c|c. hcsc |n|||e||vcs
ccncn| |hc nc|hcourhooo popu|e||on erouno |hc s||cs.
/our Compeny |s comm|||co |o con|r|cu|c 1% of |c| |ron|
|overos ec||v|||cs on CS| eno sus|e|nec||||y ocvc|opmcn|.
bcs|ocs |n|cns|vc commun||y eno pcr|phcre| ocvc|opmcn|,
your Compeny hes |vcn spcc|e| focus on promo||n
couce||on vh|ch |ceos |o s|||| crce||on eno cmp|oyec||||y
emon pcop|c. /our Compeny |s sc|||n up e numccr of
|ns|||u||ons e| ver|ous |oce||ons.
/our Compeny's cffor|s |o rcech ou| |o |hc phys|ce||y
che||cnco con||nuc v||h s|ron pess|on eno purposc,
ccncn|||n e |erc numccr of such pcop|c.
/ |o|e| cxpcno||urc of ` o9.24 crorc ves |ncurrco |overos
CS| |n 2O12-13.
/our Compeny's cmphes|s on corpore|c ovcrnencc ocs
much ccyono comp||encc. l| hes cccn |e||n meny s|cps
|o promo|c |renspercncy eno eccoun|ec||||y ccforc |hcy
cccomc menoe|ory. h|s pro-ec||vc epproech hes e||rec|co
everos eno ecco|eocs eno morc |mpor|en||y, || hes rcsu||co
|n e rocus| corpore|c |mec emon s|e|cho|ocrs |nc|uo|n
|nvcs|ors.
h|s comm||mcn| of ||C |o e||-rouno con|r|cu||on hes
rcsu||co |n ccncn|s |o e|| |hc s|e|cho|ocrs. h|s hes cccn
poss|c|c pr|mer||y ouc |o |hc h|h|y compc|cn| eno
oco|ce|co vor|forcc vho erc |cp| mo||ve|co |hrouh
forvero |oo||n || po||c|cs eno prec||ccs.
||C |s |hc on|y |S0 |o cons|en||y nurc emon |hc |cn
ccs| cmp|oycrs |n vcry prcs|||ous survcys. ln e survcy
covcr|n 55O compen|cs, 22 |nous|r|cs eno c|osc |o onc
|e|h cmp|oyccs cerr|co ou| cy 'hc |conom|c |mcs eno
hc Grce| ||ecc |o \or| lns|||u|c' |n 2O13, your Compeny
ren|co S|x|h emon bcs| cn \or| ||eccs, ||rs| |n |erc
oren|ze||on ce|cory, ||rs| |n |uc||c Scc|or Ce|cory eno
||rs| |n '|ncry, O|| eno Ges scc|or'.
On |hc ces|s of |hc provcn cepec|||||cs of cem-||C, l
|e|c |h|s oppor|un||y |o essurc e|| s|e|cho|ocrs |he| |hc
Compeny v||| con||nuc |o mcesurc up |o your cxpcc|e||ons.
\||h ccs| v|shcs,
/ours s|nccrc|y,
,||. /|0| |O/ C|O0||0|/)
C|/l|V/| & V/|/Gl|G |l||CO|
||n||er|cs prcscn| on |hc occes|on of |ey|n of |hc |ounoe||on S|onc of
Veuoe Supcr hcrme| |ovcr |rocc| , S|ec ll ,2 ooO V\) on 4
!enuery 2O13.
37
th
th
NOTICE
|OlC| |s hcrccy |vcn |he| Thirty Seventh Annual General Meeting of |hc mcmccrs of NTPC Limited v||| cc hc|o on Tuesday, September
17, 2013 at 10.30 a.m. e| Venc|shev Ccn|rc, |ereoc |oeo, |cv |c|h| 11O O1O, |o |rensec| |hc fo||ov|n cus|ncsscs:
ORDINARY BUSINESSES:
1. o rccc|vc, cons|ocr eno eoop| |hc euo||co be|encc Shcc| es e| Verch 31, 2O13 eno S|e|cmcn| of |ron| & |oss for |hc nnenc|e| ycer cnoco
on |he| oe|c |oc|hcr v||h |cpor| of |hc boero of ||rcc|ors eno /uo||ors' |hcrcon.
2. o connrm peymcn| of |n|cr|m o|v|ocno eno occ|erc nne| eno spcc|e| o|v|ocno for |hc ycer 2O12-13.
3. o eppo|n| e ||rcc|or |n p|ecc of Shr| /.|. S|nhe|, vho rc||rcs cy ro|e||on eno cc|n c|||c|c, offcrs h|msc|f for rc-eppo|n|mcn|.
4. o eppo|n| e ||rcc|or |n p|ecc of Shr| |.|. V|sre, vho rc||rcs cy ro|e||on eno cc|n c|||c|c, offcrs h|msc|f for rc-eppo|n|mcn|.
5. o eppo|n| e ||rcc|or |n p|ecc of Shr| S.b. Ghosh |es||oer, vho rc||rcs cy ro|e||on eno cc|n c|||c|c, offcrs h|msc|f for rc-eppo|n|mcn|.
o. o eppo|n| e ||rcc|or |n p|ecc of Shr| |.S. Sehoo, vho rc||rcs cy ro|e||on eno cc|n c|||c|c, offcrs h|msc|f for rc-eppo|n|mcn|.
7. o nx |hc rcmuncre||on of |hc /uo||ors.
SPECIAL BUSINESSES:
8. o cons|ocr eno |f |houh| n|, |o pess v||h or v||hou| moo|nce||on,s), |hc fo||ov|n rcso|u||on es en O||l|/|/ ||SO|0lO|:
|cso|vco |he| |r. /. ||oer S|nh, vho ves eppo|n|co es en /oo|||one| ||rcc|or ,|on-Ofnc|e| |er|-||mc ||rcc|or) of |hc Compeny cy
|hc |rcs|ocn| of lno|e v|oc |c||cr no. 8/o/2O1O-|.l ,vo|.l) oe|co 21.O8.2O13 v.c.f 23.O8.2O13 |||| |hc oe|c of |es| /nnue| Gcncre|
Vcc||n eno |hcrcef|cr rc-eppo|n|co es en /oo|||one| ||rcc|or v.c.f. 18.O9.2O12 unocr Scc||on 2oO of |hc Compen|cs /c|, 195o eno
vho ho|os ofncc up|o |hc oe|c of |hc cnsu|n /nnue| Gcncre| Vcc||n eno |n rcspcc| of vhom, |hc Compeny hes rccc|vco e no||cc
|n vr|||n from e Vcmccr propos|n h|s ceno|oe|urc for |hc ofncc of ||rcc|or unocr Scc||on 257 of |hc Compen|cs /c|, 195o, cc eno
|s hcrccy eppo|n|co es e ||rcc|or of |hc Compeny, ||ec|c |o rc||rc cy ro|e||on.'
9. o cons|ocr eno |f |houh| n|, |o pess v||h or v||hou| moo|nce||on,s), |hc fo||ov|n rcso|u||on es en O||l|/|/ ||SO|0lO|:
|cso|vco |he| Shr| 0.|. |en|, vho ves eppo|n|co es en /oo|||one| ||rcc|or eno ocs|ne|co es ||rcc|or ,|umen |csourccs) of |hc
Compeny v.c.f. O1.O3.2O13, unocr Scc||on 2oO of |hc Compen|cs /c|, 195o eno /r||c|c 41/ of |hc /r||c|cs of /ssoc|e||on of |hc
Compeny, cy |hc |rcs|ocn| of lno|e v|oc |c||cr no. 8/1/2O12-h-l ,|||) oe|co O3.O1.2O13 eno vho ho|os ofncc up|o |hc oe|c of |hc
cnsu|n /nnue| Gcncre| Vcc||n eno |n rcspcc| of vhom, |hc Compeny hes rccc|vco e no||cc |n vr|||n from e Vcmccr propos|n h|s
ceno|oe|urc for |hc ofncc of ||rcc|or unocr Scc||on 257 of |hc Compen|cs /c|, 195o, cc eno |s hcrccy eppo|n|co es e ||rcc|or of |hc
Compeny, ||ec|c |o rc||rc cy ro|e||on.'
1O. o cons|ocr eno |f |houh| n|, |o pess v||h or v||hou| moo|nce||on,s), |hc fo||ov|n rcso|u||on es en O||l|/|/ ||SO|0lO|:
|cso|vco |he| Shr| |reshen| Vch|e, vho ves eppo|n|co es en /oo|||one| ||rcc|or ,|on-Ofnc|e| |er|-||mc ||rcc|or) of |hc Compeny
v.c.f. 3O.O7.2O13, unocr Scc||on 2oO of |hc Compen|cs /c|, 195o eno /r||c|c 41/ of |hc /r||c|cs of /ssoc|e||on of |hc Compeny, cy
|hc |rcs|ocn| of lno|e v|oc |c||cr no. 8/o/2O13-h-l oe|co 12.O7.2O13 eno vho ho|os ofncc up|o |hc oe|c of |hc cnsu|n /nnue| Gcncre|
Vcc||n eno |n rcspcc| of vhom, |hc Compeny hes rccc|vco e no||cc |n vr|||n from e Vcmccr propos|n h|s ceno|oe|urc for |hc
ofncc of ||rcc|or unocr Scc||on 257 of |hc Compen|cs /c|, 195o, cc eno |s hcrccy eppo|n|co es e ||rcc|or of |hc Compeny, ||ec|c |o
rc||rc cy ro|e||on.'
by orocr of |hc boero of ||rcc|ors
(A.K. Rastogi)
Company Secretary
Regd. Ofce:
||C bheven, 7 lns|||u||one| /rce,
|oo| |oeo, |cv |c|h|-11OOO3
Date: 2
no
/uus| 2O13
37
th
NOTES:-
1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD
OF HIMSELF/ HERSELF AND THE PROXY NEED NOT BE A MEMBER OF THE COMPANY. IN ORDER TO BE EFFECTIVE, THE PROXY FORM
DULY COMPLETED SHOULD BE DEPOSITED AT THE REGISTERED OFFICE OF THE COMPANY NOT LESS THAN FORTY - EIGHT HOURS
BEFORE THE SCHEDULED TIME OF THE ANNUAL GENERAL MEETING. BLANK PROXY FORM IS ENCLOSED.
2. Corpore|c Vcmccrs |n|cno|n |o scno |hc|r eu|hor|zco rcprcscn|e||vcs |o e||cno |hc Vcc||n erc rcqucs|co |o scno e ccr||nco copy of
|hc boero |cso|u||on eu|hor|z|n |hc|r rcprcscn|e||vc |o e||cno eno vo|c on |hc|r cche|f e| |hc Vcc||n.
3. ln |crms of /r||c|c 41 of |hc /r||c|cs of /ssoc|e||on of |hc Compeny rceo v||h Scc||on 25o of |hc Compen|cs /c|, 195o, Shr| /.|. S|nhe|,
Shr| |.|. V|sre, Shr| S.b. Ghosh |es||oer eno Shr| |.S. Sehoo, ||rcc|ors rc||rc cy ro|e||on e| |hc cnsu|n Vcc||n eno cc|n c|||c|c, offcrs
|hcmsc|vcs for rc-eppo|n|mcn|.
4. br|cf |csumc of |hc ||rcc|ors scc||n eppo|n|mcn| eno rc-eppo|n|mcn| es menoe|co unocr C|eusc 49 of |hc ||s||n /rccmcn| v||h |hc
S|oc| |xchencs |s enncxco hcrc|o eno forms per| of |hc |o||cc.
5. hc rc|cven| cxp|ene|ory s|e|cmcn| pursuen| |o Scc||on 173 ,2) of |hc Compen|cs /c|, 195o, |n rcspcc| of Spcc|e| bus|ncsscs, es sc| ou|
ecovc |s enncxco hcrc|o.
o. Vcmccrs erc rcqucs|co |o:-
|) no|c |he| cop|cs of /nnue| |cpor| v||| no| cc o|s|r|cu|co e| |hc /nnue| Gcncre| Vcc||n.
||) cr|n |hc|r cop|cs of /nnue| |cpor|, |o||cc eno /||cnoencc S||p ou|y comp|c|co eno s|nco e| |hc mcc||n.
|||) oc||vcr ou|y comp|c|co eno s|nco /||cnoencc S||p e| |hc cn|rencc of |hc mcc||n vcnuc es cn|ry |o |hc |e|| v||| cc s|r|c||y on |hc
ces|s of |hc cn|ry s||p eve||ec|c e| |hc coun|crs e| |hc vcnuc |o cc cxchenco v||h |hc e||cnoencc s||p.
|v) no|c |he| |hc e||cnoencc s||p/ proxy form shou|o cc signed es pcr |hc spcc|mcn s|ne|urc rc|s|crco v||h |hc |ervy Compu|crsherc
|r|ve|c ||m||co, |c|s|rer & rensfcr /cn| ,|/)/ |cpos||ory |er||c|pen| ,||).
v) no|c |he| |n cesc of joint holders e||cno|n |hc mcc||n, on|y such o|n| ho|ocr vho |s h|hcr |n |hc orocr of nemcs v||| cc cn||||co
|o vo|c.
v|) quo|c |hc|r |o||o / C||cn| l| & || l| |os. |n e|| corrcsponocncc.
v||) note that due to strict security reasons mobile phones, brief cases, eatables and other belongings are not allowed inside
the Auditorium.
v|||) no|c |he| no |f|s/coupons v||| cc o|s|r|cu|co e| |hc /nnue| Gcncre| Vcc||n.
7. hc boero of ||rcc|ors, |n ||s mcc||n hc|o on |ccruery 2o, 2O13, heo occ|erco en |n|cr|m o|v|ocno 37.5% ,` 3.75 pcr sherc) on |hc
pe|o-up cqu||y sherc cep||e| of |hc compeny vh|ch ves pe|o on Verch 12, 2O13. Vcmccrs vho hevc no| cnceshco or no| rccc|vco |hc|r
o|v|ocno verren|s mey epproech |/ of |hc Compeny for rcve||oe||n |hc verren|s or for oc|e|n|n oup||ce|c verren|s.
8. hc |c|s|cr of Vcmccrs eno Sherc rensfcr boo|s of |hc Compeny v||| rcme|n c|osco from Scp|cmccr 7, 2O13 |o Scp|cmccr 17, 2O13
,co|h oeys |nc|us|vc). hc boero of ||rcc|ors, |n ||s Vcc||n hc|o on Vey 1O, 2O13, hes rccommcnoco e nne| o|v|ocno 7.5% ,` O.75 pcr
sherc) eno e spcc|e| o|v|ocno 12.5% ,` 1.25 pcr sherc) on |hc pe|o-up cqu||y sherc cep||e| of |hc Compeny. hc nne| o|v|ocno eno
spcc|e| o|v|ocno, succc| |o |hc prov|s|ons of Scc||on 2Oo/ of |hc Compen|cs /c|, 195o, |f occ|erco e| |hc /nnue| Gcncre| Vcc||n, v|||
cc pe|o on Scp|cmccr 27, 2O13 |o |hc Vcmccrs vhosc nemcs eppcer on |hc Compeny's |c|s|cr of Vcmccrs on Scp|cmccr 17, 2O13
|n rcspcc| of phys|ce| shercs. ln rcspcc| of ocme|cr|e||zco shercs, |hc o|v|ocno v||| cc peyec|c |o |hc ccncnc|e| ovncrs' of |hc shercs
vhosc nemcs eppcer |n |hc S|e|cmcn| of bcncnc|e| Ovncrsh|p furn|shco cy |e||one| Sccur|||cs |cpos||ory ||m||co eno Ccn|re| |cpos||ory
Scrv|ccs ,lno|e) ||m||co es e| |hc c|osc of cus|ncss hours on Scp|cmccr o, 2O13.
9. |ursuen| |o Scc||on 2O5/ rceo v||h Scc||on 2O5C of |hc Compen|cs /c|, 195o, |hc o|v|ocno emoun|s vh|ch rcme|n unpe|o/ unc|e|mco
for e pcr|oo of scvcn ycers, erc rcqu|rco |o cc |rensfcrrco |o |hc lnvcs|ors |ouce||on & |ro|cc||on |uno ,l|||) of |hc Ccn|re| Govcrnmcn|.
hcrcforc, Vcmccrs erc eov|sco |o cncesh |hc|r ||v|ocno verren|s |mmco|e|c|y on rccc|p|.
Vcmccrs vho hevc no| cnceshco |hc|r ||v|ocno \erren|,s) mey epproech |hc |// Compeny for |ssuencc of ocmeno oref|,s) upon
comp|c||on of ncccssery forme||||cs for |hc semc |n ||cu of such verren|,s). 0nc|e|mco/unpe|o nne| o|v|ocno for |hc nnenc|e| ycer 2OO5-Oo,
vh|ch |s ouc for |rensfcr |o l|||, shou|o cc c|e|mco cy |hc mcmccrs ccforc Scp|cmccr 22, 2O13. /f|cr |he| oe|c, no c|e|m she|| ||c ee|ns|
|hc l|||/ Compeny, |n rcspcc| of |hc se|o emoun|.
hc nne| o|v|ocno for |hc nnenc|e| ycer 2OO4-O5 eno |n|cr|m o|v|ocno for |hc nnenc|e| ycer 2OO5-Oo vcrc pe|o on 27.O9.2OO5 eno
27.O2.2OOo rcspcc||vc|y. hc scvcn ycers pcr|oo for |hc ecovc o|v|ocno heo cnoco on 2o.O9.2O12 eno 2o.O2.2O13 rcspcc||vc|y eno |hc
unc|e|mco/ unpe|o o|v|ocno emoun|s hevc cccn |rensfcrrco |o l|||.
hc oc|e||s of |hc shercho|ocrs vho hevc no| c|e|mco/ cnceshco |hc|r o|v|ocno verren|s |||| |hc |es| /nnue| Gcncre| Vcc||n eno
sucscqucn| ouc oe|cs of |rensfcr of unc|e|mco/ unpe|o o|v|ocno |o l||| for |hc rcspcc||vc nnenc|e| ycers hevc cccn up|oeoco on ||C
\ccs||c unocr lnvcs|ors Scc||on e| vvv.n|pc.co.|n.
1O. Vcmccrs erc eov|sco |o sucm|| |hc|r ||cc|ron|c C|cer|n Sys|cm ,|CS) menoe|cs, |o cnec|c |hc Compeny |o me|c rcm|||encc cy mcens
of |CS. hosc ho|o|n shercs |n phys|ce| form mey oc|e|n from eno scno |hc |CS menoe|c form |o |/ of |hc Compeny. hosc ho|o|n
shercs |n ||cc|ron|c |orm mey oc|e|n from eno scno |hc |CS menoe|c form o|rcc||y |o |hc|r ||. hosc vho hevc e|rceoy furn|shco |hc |CS
Venoe|c |orm |o |hc Compeny/ |// || v||h comp|c|c oc|e||s ncco no| scno || ee|n.
hc shercho|ocrs vho oo no| v|sh |o op| for |CS fec||||y mey p|cesc me|| |hc|r cen|crs' nemc, crench eoorcss eno eccoun| numccr |o
|/ of |hc Compeny |o cnec|c |hcm |o pr|n| |hcsc oc|e||s on |hc o|v|ocno verren|s.
37
th
11. Vcmccrs ho|o|n shercs |n mu|||p|c fo||os |n phys|ce| mooc erc rcqucs|co |o epp|y for conso||oe||on |o |hc Compeny or ||s |/ e|onv||h
rc|cven| Sherc Ccr||nce|cs.
12. hc Sccur|||cs eno |xchenc boero of lno|e ,S|bl) hes menoe|co |hc sucm|ss|on of |crmencn| /ccoun| |umccr ,|/|) cy cvcry per||c|pen|
|n sccur|||cs mer|c|. Vcmccrs ho|o|n shercs |n c|cc|ron|c form erc, |hcrcforc rcqucs|co |o sucm|| |/| |o |hc|r || v||h vhom |hcy erc
me|n|e|n|n |hc|r ocme| eccoun|s. l| hes e|so meoc menoe|ory for |hc |rensfcrcc,s) |o furn|sh e copy of |/| cero |o |hc Compeny/|/s for
rc|s|re||on of |rensfcrs eno for sccur|||cs mer|c| |rensec||ons eno off-mer|c|/ pr|ve|c |rensec||ons |nvo|v|n |rensfcr of shercs of ||s|co
compen|cs |n phys|ce| form. /ccoro|n|y, mcmccrs ho|o|n shercs |n phys|ce| mooc shou|o e||ech e copy of |hc|r |/| Cero for cvcry
|rensfcr rcqucs| scn| |o |hc Compeny / |/.
13. Vcmccrs, ho|o|n shercs |n phys|ce| form, mey eve|| of |hc fec||||y of nom|ne||on |n |crms of Scc||on 1O9/ of |hc Compen|cs /c|, 195o cy
nom|ne||n |n |hc |orm-2b es prcscr|cco |n |hc Compen|cs ,Ccn|re| Govcrnmcn|'s) Gcncre| |u|cs eno |orms, 195o, eny pcrson |o vhom
|hc|r shercs |n |hc Compeny she|| vcs| on occurrcncc of cvcn|s s|e|co |n |hc |orm. hosc ho|o|n shercs |n phys|ce| form mey oc|e|n from
eno scno |orm-2b |n oup||ce|c |o |/ of |hc Compeny.
ln cesc of shercs hc|o |n ocme|cr|e||zco form, |hc nom|ne||on hes |o cc |ooco v||h |hc rcspcc||vc ||.
14. Vcmccrs erc rcqucs|co |o no||fy |mmco|e|c|y eny chenc of eoorcss:
|. |o |hc|r || |n rcspcc| of shercs hc|o |n ocme|cr|e||zco form, eno
||. |o |hc Compeny e| ||s |c|s|crco Ofncc or |o ||s |/ |n rcspcc| of |hc|r phys|ce| shercs, |f eny, quo||n |hc|r fo||o numccr.
15. Vcmccrs ocs|rous of c|||n eny |nforme||on on eny ||cms of cus|ncss of |h|s Vcc||n erc rcqucs|co |o eoorcss |hc|r qucr|cs |o Shr| G.|.
Seohu, || ,||nencc) eno |uc||c Spo|cspcrson of |hc Compeny e| |hc rc|s|crco ofncc of |hc compeny e| |ces| |cn oeys pr|or |o |hc oe|c
of |hc mcc||n, so |he| |hc |nforme||on rcqu|rco cen cc meoc rceo||y eve||ec|c e| |hc mcc||n.
1o. /nnue| ||s||n fcc for |hc ycer 2O13-14 hes cccn pe|o |o e|| S|oc| |xchencs vhcrc|n shercs of |hc Compeny erc ||s|co. /|so, |hc /nnue|
Cus|oo|en |cc for |hc ycer 2O13-14 ves pe|o |o co|h |cpos||or|cs |.c. Ccn|re| |cpos||ory Scrv|ccs ,lno|e) ||m||co eno |e||one| Sccur|||cs
|cpos||ory ||m||co ccforc /pr|| 3O, 2O13.
17. |ursuen| |o Scc||on o19,2) of |hc Compen|cs /c|, 195o, |hc /uo||ors of e Govcrnmcn| Compeny erc |o cc eppo|n|co or rc-eppo|n|co cy
|hc Comp|ro||cr eno /uo||or Gcncre| of lno|e ,C&/G) eno |n |crms of C|eusc ,ee) of suc-scc||on ,8) of Scc||on 224 of |hc Compen|cs /c|,
195o, |hc|r rcmuncre||on hes |o cc nxco cy |hc Compeny |n |hc /nnue| Gcncre| Vcc||n or |n such menncr es |hc Compeny |n cncre|
mcc||n mey oc|crm|nc. hc Vcmccrs of |hc Compeny, |n 3o
|h
/nnue| Gcncre| Vcc||n hc|o on Scp|cmccr 18, 2O12, eu|hor|sco |hc
boero of ||rcc|ors |o nx |hc rcmuncre||on of S|e|u|ory /uo||ors for |hc nnenc|e| ycer 2O12-13. /ccoro|n|y, |hc boero of ||rcc|ors hes nxco
euo|| fcc of ` 9o,75,OOO/- for |hc S|e|u|ory /uo||ors for |hc nnenc|e| ycer 2O12-13 |n eoo|||on |o epp||cec|c scrv|cc |ex eno rc|mcurscmcn|
of ec|ue| |revc||n eno ou|-of-poc|c| cxpcnscs for v|s||s |o eccoun||n un||s. hc prcscn| S|e|u|ory /uo||ors of |hc Compeny hevc cccn
rc-eppo|n|co for |hc ycer 2O13-14 cy C&/G |hrouh |hc|r |c||cr oe|co 3O.O7.2O13. /ccoro|n|y, |hc Vcmccrs mey eu|hor|sc |hc boero |o
nx en eppropr|e|c rcmuncre||on of S|e|u|ory /uo||ors es mey cc occmco n| cy |hc boero for |hc ycer 2O13-14.
18. |onc of |hc ||rcc|ors of |hc Compeny |s |n eny vey rc|e|co v||h cech o|hcr.
19. /|| oocumcn|s rcfcrrco |o |n |hc eccompeny|n no||cc erc opcn for |nspcc||on e| |hc rc|s|crco ofncc of |hc Compeny on e|| vor||n oeys
,cerr|n Se|uroey eno Sunoey) cc|vccn 11.OO e.m. |o 1.OO p.m. pr|or |o |hc /nnue| Gcncre| Vcc||n.
Annexure to Notice
EXPLANATORY STATEMENT
Item No. 8
|r. /. ||oer S|nh ves eppo|n|co cy |hc |rcs|ocn| of lno|e v|oc |o||nce||on |o. 8/o/2O1O-h.l ,vo|.l) oe|co 21.O8.2O12 |ssuco cy V|n|s|ry of
|ovcr for e pcr|oo of |hrcc ycers eno ves eccoro|n|y eppo|n|co es en /oo|||one| ||rcc|or ,|on-Ofnc|e| |er|-||mc ||rcc|or) on |hc boero v.c.f
23.O8.2O12. |ovcvcr, ccforc h|s eppo|n|mcn|, |hc |o||cc of 3o
|h
/GV schcou|co for 18.O9.2O12 ves e|rceoy pr|n|co eno o|spe|chco,
|hcrcforc, h|s |cnurc es /oo|||one| ||rcc|or ,|on-Ofnc|e| |er|-||mc ||rcc|or) cou|o no| cc rcu|er|zco. hus, h|s |cnurc es /oo|||one| ||rcc|or
cxp|rco on 18.O9.2O12. |r. /. ||oer S|nh ves ee|n eppo|n|co cy |hc boero es en /oo|||one| ||rcc|or v.c.f. 18.O9.2O12, |||| |hc conc|us|on of
|h|s /nnue| Gcncre| Vcc||n.
hc Compeny hes rccc|vco e no||cc |n vr|||n from e mcmccr pursuen| |o |hc prov|s|ons of Scc||on 257 of |hc Compen|cs /c|, 195o, s|n|fy|n
|n|cn||on |o proposc |r. /. ||oer S|nh for |hc ofncc of |on-Ofnc|e| |er|-||mc ||rcc|or ,lnocpcnocn| ||rcc|or). |r. /. ||oer S|nh, |f eppo|n|co,
v||| cc ||ec|c |o rc||rc cy ro|e||on.
||s cr|cf rcsumc, |n|cr-e||e, |v|n ne|urc of cxpcr||sc |n spcc|nc func||one| erce erc prov|oco c|scvhcrc vh|ch forms per| of |hc /nnue| |cpor|.
|r. /. ||oer S|nh ho|os 42o shercs |n ||C ||m||co eno h|s ||rcc|orsh|p eno che|rmensh|p/mcmccrsh|p of Comm|||cc,s)* |n |hc Compen|cs
erc es unocr:
S. No. Directorship Chairmanship/Membership*
1. ||C ||m||co
|l| 2. !emmu & |eshm|r S|e|c Ovcrsces |mp|oymcn| Corpore||on ||m||co
3. Sccrc|ery Gcncre| |lCCl ,Scc||on 25 Compeny)
|onc of |hc ||rcc|ors cxccp| |r. /. ||oer S|nh |s |n|crcs|co or conccrnco |n |hc rcso|u||on. hc boero rccommcnos |hc rcso|u||on for your
epprove|.
37
th
Annual Report 2012-2013 1O
Item No. 9
Shr| 0.|. |en| ves eppo|n|co cy |hc |rcs|ocn| of lno|e v|oc |o||nce||on |o. 8/1/2O12-h-l ,|||) oe|co O3.O1.2O13 |ssuco cy V|n|s|ry of |ovcr
eno ves eccoro|n|y eppo|n|co es en /oo|||one| ||rcc|or on |hc boero v.c.f O1.O3.2O13 eno ocs|ne|co es ||rcc|or ,|umen |csourccs). ln
|crms of |hc Compen|cs /c|, 195o, hc ho|os ofncc up|o |h|s /nnue| Gcncre| Vcc||n. hc Compeny hes rccc|vco e no||cc |n vr|||n from e
mcmccr pursuen| |o |hc prov|s|ons of Scc||on 257 of |hc Compen|cs /c|, 195o, s|n|fy|n |n|cn||on |o proposc Shr| 0.|. |en| for |hc ofncc of
||rcc|or ,|umen |csourccs). Shr| 0.|. |en|, |f eppo|n|co, v||| cc ||ec|c |o rc||rc cy ro|e||on.
Shr| 0.|. |en| ho|os 922 shercs |n ||C ||m||co eno h|s ||rcc|orsh|p eno che|rmensh|p/mcmccrsh|p of Comm|||cc,s)* of |hc fo||ov|n
Compen|cs:
S. No. Directorship Chairmanship/ Membership*
1. ||C ||m||co Shercho|ocrs'/ lnvcs|ors' Gr|cvencc Comm|||cc
2. r|ncome|cc |ovcr Compeny ||m||co
|l|
3. ||C v|oyu| vyeper ||em ||m||co
4. ||C ||cc|r|c Supp|y Compeny ||m||co
5. rensformcrs /no ||cc|r|ce|s |cre|e ||m||co
|onc of |hc ||rcc|ors cxccp| Shr| 0.|. |en| |s |n|crcs|co or conccrnco |n |hc rcso|u||on. hc boero rccommcnos |hc rcso|u||on for your epprove|.
Item No. 10
Shr| |reshen| Vch|e ves eppo|n|co cy |hc |rcs|ocn| of lno|e v|oc |o||nce||on |o. 8/o/2O13-h-l oe|co 12.O7.2O13 |ssuco cy V|n|s|ry of |ovcr
for e pcr|oo of |hrcc ycers eno ves eccoro|n|y eppo|n|co es en /oo|||one| ||rcc|or ,|on-ofnc|e| |er|-||mc ||rcc|or) on |hc boero v.c.f
3O.O7.2O13. ln |crms of |hc Compen|cs /c|, 195o, hc ho|os ofncc up|o |h|s /nnue| Gcncre| Vcc||n. hc Compeny hes rccc|vco e no||cc |n
vr|||n from e mcmccr pursuen| |o |hc prov|s|ons of Scc||on 257 of |hc Compen|cs /c|, 195o, s|n|fy|n |n|cn||on |o proposc Shr| |reshen|
Vch|e for |hc ofncc of |on-Ofnc|e| |er|-||mc ||rcc|or ,lnocpcnocn| ||rcc|or). Shr| |reshen| Vch|e, |f eppo|n|co, v||| cc ||ec|c |o rc||rc cy
ro|e||on.
Shr| |reshen| Vch|e ho|os |l| shercs |n ||C ||m||co eno hc |s no| e ||rcc|or |n eny o|hcr Compeny eno no| e Che|rmen/Vcmccr of eny
Comm|||cc,s)* |n eny of |hc Compeny.
|onc of |hc ||rcc|ors cxccp| Shr| |reshen| Vch|e |s |n|crcs|co or conccrnco |n |hc rcso|u||on. hc boero rccommcnos |hc rcso|u||on for your
epprove|.
by orocr of |hc boero of ||rcc|ors
(A.K. Rastogi)
Company Secretary
Regd. Ofce:
||C bheven, 7 lns|||u||one| /rce,
|oo| |oeo, |cv |c|h|-11OOO3
Date: 2
no
/uus| 2O13
* ln ||nc v||h C|eusc 49 of ||s||n /rccmcn|, on|y |hc /uo|| Comm|||cc eno Shercho|ocrs'/ lnvcs|ors' Gr|cvencc Comm|||cc hevc cccn |e|cn
|n|o cons|ocre||on |n rcc|on|n |hc numccr of comm|||cc mcmccrsh|ps of ||rcc|ors es Che|rmen eno es Vcmccr.
37
th
Name Shri A.K. Singhal Shri N.N. Misra Shri S.B. Ghosh Dastidar Shri R.S. Sahoo
Date of Birth & Age 1O.O1.1954/ 59 ycers 29.1O.1954/ 59 ycers O1.O4.1947/ oo ycers O1.O7.19o2/ 51 ycers
Date of
Appointment
O1.O8.2OO5 19.1O.2O1O 2o.O8.2O11 2o.O8.2O11
Qualications Chartered Accountant Bachelor in Engineering
(Electrical)
Bachelor in Engineering
(Mechanical)
Chartered Accountant
Expertise in
specic functional
area
|c hes r|ch eno ver|co
cxpcr|cncc of ovcr 37
ycers |n Corpore|c ||nencc
Venecmcn|, nnenc|e|
rcsourcc moc|||ze||on from
oomcs||c & |oce| sourccs,
op||mum u||||ze||on of
funos, cuoc|ery con|ro|s,
|n|crne| con|ro| sys|cms eno
|nvcs|mcn| occ|s|ons.
Shr| V|sre hes cxpcr|cncc of
35 ycers |n ||C |n ver|ous
ocper|mcn|s |nc|uo|n
28 ycers |n |hc |cs|n
|cper|mcn| |oo||n ef|cr
|hc ver|ous func||ons of
||cc|r|ce| |cs|n, |rocc|
|n|nccr|n, Corpore|c
Con|rec|s & Ve|cr|e|s,
Opcre||on Scrv|ccs eno
ovcre|| menecmcn| of |hc
procc|s eno rc|ons.
Shr| |es||oer heo o|s||nu|shco
eno |||us|r|ous cerccr of e|mos|
four occeocs |n |e||veys. ||s
erces of cxpcr|cncc |nc|uoco
p|enn|n, humen rcsourcc
ocvc|opmcn|, mer|c||n, procc|
menecmcn|, opcre||ons, nnencc
eno |nous|r|e| rc|e||onsh|p.
|c ves everoco |eoem Shr|'
cy Govcrnmcn| of lno|e for h|s
ou|s|eno|n con|r|cu||on |n
lno|en |e||veys.
|c hes r|ch eno ver|co
cxpcr|cncc |n nnencc,
eccoun|s eno |ce|. |c |s
en lnocpcnocn| rus|cc of
Oo|she 0rcen lnfres|ruc|urc
|cvc|opmcn| |uno ,O0l||)
eppo|n|co cy Gov|. of
Oo|she. |c |s e mcmccr of
|cc S|ruc|urc Comm|||cc
for |rofcss|one| |ouce||one|
lns|||u||ons of Oo|she
eppo|n|co es pcr |hc o|rcc||on
of Suprcmc Cour| of lno|e
che|rco cy e |c|o. ||h Cour|
!uoc s|ncc 2OO7.
Directorship
held in other
companies
Part-Time Chairman
1. Vce 0re ||em |r|ve|c
||m||co
Part-Time Director
1. ||C ||cc|r|c Supp|y
Compeny ||m||co
2. ||C v|oyu| vyeper
||em ||m||co
3. ||C |yoro ||m||co
4. ||C em||neou |ncry
Compeny ||m||co
5. |en|| b||cc 0|peoen
||em ||m||co
o. /nushe||| v|ohyu| ||em
||m||co
Part-Time Chairman
1. ||C-S/l| |ovcr
Compeny |r|ve|c ||m||co
Part-Time Director
1. ||C ||cc|r|c Supp|y
Compeny ||m||co
||em ||m||co
||em ||m||co
4. b|-||C |ncry Sys|cms
||m||co
Independent Director
1. \cs| bcne| |ovcr
|cvc|opmcn|
Corpore||on ||m||co
Special Invitee
1. |emooer ve||cy
Corpore||on
Permanent Invitee
1. |or|hcrn Coe|nc|os
||m||co
1. bhere| Co||n Coe| ||m||co
1. ||nous|en Z|nc ||m||co
2. ||C lno|e ||m||co
3. ben| of berooe
Memberships/
Chairmanship
of Committees
across all Public
Companies*
Audit Committee
Chairman
1. ||C |yoro ||m||co
||em ||m||co
||em ||m||co
4. ||C em||neou |ncry
Compeny ||m||co
Shareholders/ Investors
Grievance Committee
Member
1. ||C ||m||co
Audit Committee
Member
||em ||m||co
||em ||m||co
3. b|-||C |ncry Sys|cms
||m||co
4. \cs| bcne| |ovcr
|cvc|opmcn|
Corpore||on ||m||co
Audit Committee
Chairman
1. ||C ||m||co
Audit Committee
Member
1. ||C ||m||co
No. of Shares held
in NTPC Limited
1O,329 922 - -
* ln ||nc v||h C|eusc 49 of ||s||n /rccmcn|, on|y |hc /uo|| Comm|||cc eno Shercho|ocrs'/ lnvcs|ors' Gr|cvencc Comm|||cc hevc cccn
|e|cn |n|o cons|ocre||on |n rcc|on|n |hc numccr of comm|||cc mcmccrsh|ps of ||rcc|ors es Che|rmen eno es Vcmccr.
BRIEF RESUME OF THE DIRECTORS SEEKING RE-ELECTION
Directors seeking re-election at the 37
th
AGM
20000
40000
60000
80000
100000
120000
140000
37
th
-2O%
0%
-3%
-3%
-1%
0%
0% 20% 4O % oO % 8O % 1OO %
2OO8-O9
2OO9-1O
2O1O-11
2O11-12
2O12-13
o1.o%
o4.5%
60.4%
59.8%
59.9%
1O.3%
5.4%
4.3% 3.7%
4.9%
7.4%
4.4%
2.o%
7.7%
5.4% 4.4%
4.O%
5.2%
10.5%
9.5%
4.3%
4.3%
4.o%
4.5%
3% 3.7%
3.o%
4.9% o.4%
5.1%
4.8%
4.9%
5.1%
5.O% 5.8%
3.o%
Distribution of Revenue
/
c
e
r
|uc|
Gcncre||on, /om|n|s|re||on
& o|hcr cxpcnscs
|c|e|nco |ron| |cprcc|e||on
|mp|oycc |cmuncre||on
& bcncn|s
ln|crcs| & ||nencc
Cos|
ex ,|c|) |rov|s|on ,|c|) ||v|ocno & ||v|ocno ex
|xccp||one| ||cms ,+)
lncomc /,-) |oss
|crccn|ec
8.4% 5.9%
4.8%
8.1% 10.4%
34,5o8
37,797
5O,279
57,37O
o2,437
o7,892
73,291
8O,388
Debt to Net Worth
2008-09 2009-10 2010-11 2011-12 2012-13
`

C
r
o
r
c
/cer
43,188
58,14o
O.72
O.oO
O.o1
O.o4
O.o9
|c| \or|h |cc| |e||o
Application of funds
20000
40000
60000
80000
100000
2O12-13 2OO8-O9 2OO9-1O 2O1O-11 2O11-12
120000
140000
0
lnvcs|mcn|s
/ssc|s unocr Cons|ruc||on
|c| b|oc|
\or||n Cep||e|
/cer
`

C
r
o
r
c
Sources of Funds
2O12-13 2OO8-O9 2OO9-1O 2O1O-11 2O11-12
0
|cscrvcs & Surp|us
|cfcrrco rcvcnuc & |c| ocfcrrco forcx ||ec||||y
|oen |unos
Sherc Cep||e|
/cer
`

C
r
o
r
c
37
th
STATION-WISE GENERATION 2012-13
STATIONS Fuel Type Capacity(MW)* Gen.(MU)Gross
Northern Region 5990 44372
S|nreu|| Coe| 2OOO 1o194
||heno Coe| 25OO 1o428
0ncheher Coe| 1O5O 8528
enoe Coe| 44O 3223
National Capital Region 4869 29421
beoerpur Coe| 7O5 455o
|eor| Coe| 182O 13O94
/n|e Ges 419 217o
/ure|ye Ges oo3 2775
|eor| Ges 83O 4418
|er|oeceo Ges 432 24O3
Western Region 12154 71540
Vouoe Coe| 1OOO 14
|orce Coe| 2oOO 2O523
v|nohyeche| Coe| 42oO 2o134
S|pe| Coe| 298O 1849O
|eves Ges o5o 29OO
!henor Genoher Ges o57 3479
Eastern Region 7900 51670
|ere||e Coe| 21OO 11o33
|ehe|eon Coe| 234O 147O7
e|chcr - |en|he Coe| 3OOO 2145O
e|chcr - hcrme| Coe| 4oO 3879
Southern Region 4960 35025
|emeunoem Coe| 2oOO 2O785
S|mheor| Coe| 2OOO 12o91
|e|v Genoh| CC| ||qu|o |uc| 3oO 1549
Total 35872 232028
* es on 31
s|
Verch, 2O13
Share of Electricity Generated
,es on 31
s|
Verch 2O13)
|cs| of lno|e o8O.O3 b0s ||C 232.O3 b0s
25%
75%
Share of Installed Capacity
,es on 31
s|
Verch 2O13)
|cs| of lno|e 187524 V\ ||C 3582O V\
1o%
84%
37
th
NTPC PLF Vs AII India PLF
100%
91%
77%
91%
78%
88%
85%
83%
75%
73%
70%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
2008-09 2009-10 2010-11 2011-12 2012-13
NTPC All INDIA
P
L
F
Year
Growth in Generation NTPC vs Rest of India
800.00
600.00
400.00
200.00
2008-09 2009-10 2010-11 2011-12 2012-13
0.00
516.85
723.79
206.94
552.71
771.55
218.84
590.60
654.82
680.03
811.14
876.89
912.06
220.54
222.07
232.03
Generation-NTPC Generation- Rest of India Total
B
U
s
Year
Growth in InstaIIed Capacity NTPC vs Rest of India
2,50,000
2,00,000
1,50,000
1,00,000
50,000
-
2008-09 2009-10 2010-11 2011-12 2012-13
1,20,115
1,47,965
27,850
1,30,558
1,59,398
28,840
1,42,796
1,67,227
1,87,524
1,73,626
1,99,877
223344
30,830
32,650
35,820
Installed Capacity-NTPC Installed Capacity-India excl. NTPC Total
Year
M
W
37
th
SELECTED FINANCIAL INFORMATION
` crorc
2012-13 # 2011-12 # 2010-11 # 2009-10 2008-09
A) Total Revenue
|ernco from
Se|c of |ncry o4,189.57 o1,OO2.2O 54,7O4.55 4o,1o8.o7 41,791.18
Consu||ency & O|hcr lncomc 3,741.24 3,512.59 2,o94.94 3,Oo5.21 3,437.88
Total 67,930.81 64,514.79 57,399.49 49,233.88 45,229.06
B) Paid & Provided for
|uc| 41,O18.25 41,o35.4o 35,373.78 29,4o2.74 27,11O.o9
|mp|oyccs |cmuncre||on & bcncn|s 3,3oO.12 3,O9O.48 2,789.71 2,412.3o 2,4o3.13
Gcncre||on, /om|n|s|re||on & o|hcr cxpcnscs 3,47O.45 2,932.93 2,o4o.O1 2,O94.O3 1,819.1o
|rov|s|on ,|c|) ,o38.45) ,25O.o8) 1,544.34 ,1.87) 7.59
|r|or |cr|oo/|x|re Oro|nery l|cms ,29.72) ,313.58) ,1,o38.72) ,77.83) 1O8.32
Prot before depreciation, Interest & Finance Charges and Tax 20,750.16 17,420.18 16,684.37 15,344.45 13,720.17
|cprcc|e||on 3,39o.7o 2,791.7O 2,485.o9 2,o5O.Oo 2,3o4.48
Prot before Interest & Finance Charges and Tax 17,353.40 14,628.48 14,198.68 12,694.39 11,355.69
ln|crcs| & ||nencc Cos| 2,458.88 2,3O2.32 2,149.O8 1,8O8.93 1,99o.22
Prot before exceptional items and tax 14,894.52 12,326.16 12,049.60 10,885.46 9,359.47
|xccp||one| l|cms ,+) lncomc/ ,-) |oss 1,o84.11 - - - -
Prot before tax 16,578.63 12,326.16 12,049.60 10,885.46 9,359.47
ex ,|c|) 3,959.24 3,1O2.43 2,947.O1 2,157.2o 1,158.17
Prot after tax 12,619.39 9,223.73 9,102.59 8,728.20 8,201.30
||v|ocno 4,741.1o 3,298.19 3,133.27 3,133.27 2,9o8.3o
||v|ocno |ex 781.87 527.92 514.77 527.o2 5O1.71
Retained Prot 7,096.36 5,397.62 5,454.55 5,067.31 4,731.23
C) What is Owned
Gross ||xco /ssc|s 1O3,245.7O 81,83O.2o 72,755.15 oo,85O.O7 o2,353.O4
|css : |cprcc|e||on 4O,3O9.oO 3o,571.9O 33,519.19 32,O88.78 29,415.31
|c| c|oc| o2,93o.1O 45,258.3o 39,235.9o 34,7o1.29 32,937.73
Cep||e| \or|-|n-prorcss, Cons|ruc||on S|orcs & /ovenccs 44,O3o.77 44,5o9.27 38,27O.o3 32,1O4.31 2o,4O4.9O
lnvcs|mcn|s 1O,7oO.1O 11,2Oo.38 12,344.84 14,8O7.O9 13,983.48
Currcn| /ssc|s, |oens & /ovenccs 42,25O.72 38,431.91 35,428.3O 3O,815.8O 3O,925.3O
Total Net Assets 159,983.69 139,465.92 125,279.73 112,488.49 104,251.41
D) What is Owed
|on crm |oens 58,145.o7 5O,2o7.11 43,174.98 37,783.o3 34,5oo.33
\or||n Cep||e| |oens O.o3 12.2o 13.2o 13.39 1.42
Currcn| ||ec|||||cs & |rov|s|ons 2O,287.7O 15,Oo5.87 13,1O4.42 1O,758.1o 1O,o88.oO
Total Liabilities 78,434.00 65,345.24 56,292.66 48,555.18 45,256.35
E) Others [Deferred Revenues (Expenditure) /Deferred Liabities (Assets)]
|cfcrrco |cvcnuc on eccoun| of /ovencc ee|ns| ocprcc||e|on 7O8.oO 718.47 792.O5 1,o1O.84 1,93o.O1
|cfcrrco lncomc |rom |orc|n Currcncy ||uc|ue||on 535.45 711.59 o2.43 - oO7.71
|crfcrrco ex ||ec||||y ,|c|) 915.3O o3o.9O oO2.95 2O9.25 O.13
|cfcrrco |orc|n Currcncy ||uc|ue||on ||ec||||y 135.oO 134.43 9o.54 o1.O5 54.52
|cfcrrco |orc|n Currcncy ||uc|ue||on /ssc| ,1,132.77) ,1,371.88) ,459.15) ,3o5.17) ,973.4O)
|cfcrrco |xpcno||urc |rom |orc|n Currcncy ||uc|ue||on - - - ,2O.O8) -
Total 1,162.18 829.51 1,094.82 1,495.89 1,624.97
F) Net Worth
Sherc Cep||e| 8,245.4o 8,245.4o 8,245.4o 8,245.4o 8,245.4o
|cscrvcs & Surp|us 72,142.O5 o5,O45.71 59,o4o.79 54,191.9o 49,124.o1
Net Worth 80,387.51 73,291.17 67,892.25 62,437.42 57,370.07
G) Capital Employed 84,419.44 75,136.67 71,374.57 69,572.54 64,183.42
H) Value Added 22,998.93 19,737.80 19,139.99 17,331.30 14,054.75
I) No. of Shares 8245464400 8245464400 8245464400 8245464400 8245464400
J) No. of Employees * 23,865 24,011 23,797 23,743 23,639
K) Ratios
|c|urn on Cep||e| |mp|oyco ,%) 15.95 14.23 14.3O 13.97 14.29
|c|urn on |c| \or|h ,%) 19.73 1o.88 1o.92 1o.35 1o.7O
boo| ve|uc pcr Sherc ,`) 97.49 88.89 82.34 75.72 o9.58
Currcn| |e||o 2.O8 2.55 2.7O 2.8o 2.89
|cc| |o |qu||y O.72 O.o9 O.o4 O.o1 O.oO
ve|uc /ooco/|mp|oycc ,` crorc) O.9o O.82 O.8O O.73 O.59
# Compere||vc oe|e cesco on o|o Sch-vl forme|s. ||nenc|e| S|e|cmcn|s prcperco cesco on |cv|sco Sch vl forme|s
* |xc|uo|n !vs, Sucs|o|er|cs
37
th
Annual Report 2012-2013 1o
Dr. Arup Roy
Choudhury
Che|rmen & Vene|n
||rcc|or
Shri A.K. Singhal
||rcc|or ,||nencc)
Dr. Arup Roy Choudhury (57 years), e nrm cc||cvcr |n ech|cv|n |cem-cxcc||cncc |hrouh |rensforme||one|
sh|f| |o proec||vc, pos|||vc eno pcrsone||zco epproech eno hev|n cxpcr|cncc |n pr|ve|c eno puc||c scc|or
oren|ze||ons, |r. /rup |oy Chouohury hes en |||us|r|ous cerccr of morc |hen 34 ycers our|n vh|ch hc hes
cccn ho|o|n |hc pos|||on of C|O for ovcr 12 ycers. / reoue|c from b|r|e lns|||u|c of cchno|oy-Vcsre
,|ench|), pos| reoue|c eno ooc|ore|c from ll-|c|h|, hc fo||ovs |hc mo||o mebkeuhe Meg ner efme' |.c. |f your
|n|cn||ons erc purc, you erc couno |o succcco. Somc h|h||h|s of h|s cerccr erc:
bccemc |hc youncs| C|O of e Ccn|re| |uc||c Scc|or |n|crpr|sc |n lno|e ,|bCC) e| |hc ec of 44 ycers |n
/pr|| 2OO1.
|onourco v||h |m|ncn| |n|nccr /vero' cy lns|||u||on of |n|nccrs ,l) |n 2OO4 for rcmer|ec|c eno
ve|uec|c con|r|cu||on, co|h ne||one| eno |n|crne||one|, |n |hc nc|o of cn|nccr|n, per||cu|er|y |n c|v||
cn|nccr|n eno cons|ruc||on scc|or.
/veroco for |hc ccs| oren|ze||one| |urnerouno from |on. |rcs|ocn| of lno|e |n 2OOo.
|ccc|vco |hc op cn |S0 eno urnerouno /vero from |on. |r|mc V|n|s|cr of lno|e |n 2OO7
|ccc|vco |hc op cn Ccn|re| |uc||c Scc|or 0nocr|e||n /vero from |on. |r|mc V|n|s|cr of lno|e |n 2OO9
||cc|co Che|rmen of S|eno|n Confcrcncc of |uc||c |n|crpr|scs, |hc epcx cooy of ovcr 24O Ccn|re|
|uc||c Scc|or |n|crpr|scs |n lno|e, |n 2OO9 eno rc-c|cc|co unen|mous|y |n 2O11 for e |crm of |vo-ycers.
|ccc|vco |hc evero es |hc bcs| lno|v|oue| |ceocr of e |uc||c Scc|or |n|crpr|sc from |on. |r|mc V|n|s|cr
of lno|e |n 2O1O.
|ccc|vco |hc /vero for CS| eno |cspons|vcncss from |on. |rcs|ocn| of lno|e |n 2O1O
/ppo|n|co CV| of ||C, onc of |hc |cn |ercs| povcr compen|cs |n |hc vor|o eno |hc |ercs| povcr
cncre|or |n lno|e s|ncc Scp|cmccr 1, 2O1O.
||cc|co v|cc Che|r ,/s|e-|ec|nc & Sou|h-/s|e) of \or|o |ncry Counc||, |hc |ercs| mu|||-cncry
oren|ze||on |n |hc vor|o v||h ncer|y 1OO mcmccr coun|r|cs, |n |ovcmccr 2O11.
|ccc|vco es CV|, |hc Go|o rophy for ||C for ccs| pcrformencc, from |on. |r|mc V|n|s|cr of lno|e |n
!enuery, 2O12
|onourco v||h |hc '/s|en C|O of |hc /cer' /vero |n /pr||, 2O12 cy crrep|nn, e S|neporc-cesco
cus|ncss mco|e compeny v||h prcscncc |n nvc con||ncn|s oo|n s|n|ncen| vor| |n |ncry o|e|ouc.
||urco e| # 4O |n |hc ||s||n of lno|e lnc's 1OO Vos| |ovcrfu| C|Os, 2O13 ,hc |conom|c |mcs) eno |s
e| # 2 emon |hc C|Os of |hc S|e|c Ovnco |n|crpr|scs ,SO|s).
|onourco v||h |hc Ou|s|eno|n |n|nccr /vero' |n Oc|occr, 2O12 cy hc lns|||u||on of |n|nccr|n eno
cchno|oy ,l|) 0|, |c|h| |c|vor|, for ||fc-|on con|r|cu||on |o |xcc||cncc |n |rocc| Venecmcn| |n lno|e'.
|onourco v||h |m|ncn| |n|nccr|n |crsone|||y' cy hc lns|||u||on of |n|nccrs ,l) |n |cccmccr, 2O12.
Shri A.K. Singhal, (59 years), ||rcc|or ,||nencc), e Cher|crco /ccoun|en| cy profcss|on, hes e o|s||nu|shco
cerccr, cherec|cr|sco cy s|ceofes| eohcrcncc |o pr|nc|p|cs. |c hes e r|ch & ver|co cxpcr|cncc of ovcr 37
ycers |n Corpore|c ||nencc Venecmcn|.
Shr| S|nhe| p|eys e p|vo|e| ro|c |n prov|o|n ve|uec|c |npu|s |o |hc boero for |e||n ver|ous s|re|c|c
occ|s|ons |o cnec|c |hc compeny |n ech|cv|n ||s v|s|on. |c |s rcspons|c|c for |hc cn||rc emu| of nnenc|e|
menecmcn| of |hc oren|ze||on |nc|uo|n nnenc|e| rcsourcc moc|||ze||on from oomcs||c & |oce| sourccs,
op||mum u||||ze||on of funos, cuoc|ery con|ro|s eno |nvcs|mcn| occ|s|ons. |ur|n h|s |cnurc of 12 ycers |n
||C, hc hes |co scvcre| |enomer| |rensec||ons for |hc Compeny such es ||s l|O, ||O & O|S of cqu||y, |crm
|oen fec|||||cs from cen|s eno nnenc|e| |ns|||u||ons eno cs|ec||shmcn| of 0S| 2 c||||on Vco|um crm |o|c
|roremmc eno |ssuencc of no|cs |hcrc unocr.
/s C|O, hc |s rcspons|c|c for cs|ec||sh|n eocque|c |n|crne| con|ro| sys|cms eno eohcrcncc cy |hc Compeny
|o souno corpore|c ovcrnencc prec||ccs. |c p|eys en ec||vc ro|c |n |hc occ|s|ons |nvo|v|n mcrcrs eno
ecqu|s|||ons |nc|uo|n cec|vero & forvero |n|cre||on of cus|ncss. |c |s e v||e| ||n| cc|vccn |hc |nvcs||n
commun||y eno |hc menecmcn| of |hc Compeny.
|r|vcn cy |hc pess|on for cxcc||cncc eno |mcuco v||h s|ron vor| c|h|cs, Shr| S|nhe| cc||cvcs |n|cr||y
eno honcs|y es |hc on|y po||cy for cnour|n cus|ncss succcss. 0nocr h|s ec|c u|oencc eno |ceocrsh|p,
||C hes von meny everos & ecco|eocs for cxcc||cncc |n ||nenc|e| |cpor||n eno Corpore|c Govcrnencc.
Shr| S|nhe| hes cccn rccon|sco es bcs| C|O e| ver|ous forums |nc|uo|n cy |hc lC/l ,|v|cc), lV/ ,||fc||mc
/ch|cvcmcn| /vero), C|bC v 18, /Sb/ op |en|crs eno hc hes cccn pos|||onco |hr|cc emon |op 1OO
C|Os ecross |hc coun|ry cy C|O lns|||u|c of 9oo|9 mco|e.
Shr| S|nhe| hes e|so cccn |hc or|v|n forcc cch|no ver|ous |n|||e||vcs of ||C |overos Corpore|c Soc|e|
|cspons|c||||y ,CS|). ||s cmphes|s |s e|veys |o cnsurc |he| cech CS| |n|||e||vc of ||C |s e|mco |o |mprovc
||vcs of |hc pcop|c e| |hc co||om of |hc pyrem|o eno ec||v|||cs erc |e|cn up eno proccsscs eoop|co v||h
ouc o|||cncc so |he| ccncn| of |hc semc rcechcs up|o |hc |es| m||c.
DIRECTORS PROFILE
37
th
Shri I.J. Kapoor
||rcc|or ,Commcrc|e|)
Shri B.P. Singh
||rcc|or ,|rocc|s)
Shri N.N. Misra
||rcc|or ,Opcre||ons)
Sh. I.J. Kapoor, (57 years) |s e Greoue|c |n Vcchen|ce| |n|nccr|n eno Ves|crs |n bus|ncss /om|n|s|re||on
,Ver|c||n). |c o|nco ||C |n 1978. |c hes e r|ch eno ver|co cxpcr|cncc of ovcr 34 ycers |n |hc erces of
Commcrc|e|, |n|nccr|n, Con|rec|s & Ve|cr|e|s Venecmcn|, Consu||ency, Cos| |n|nccr|n, |rocc| Scrv|ccs,
Oue|||y /ssurencc & lnspcc||on eno |ovcr S|e||on Venecmcn|. |r|or |o h|s c|cve||on es ||rcc|or ,Commcrc|e|),
hc ves |c|one| |xccu||vc ||rcc|or ,|e||one| Cep||e|), ||C, rcspons|c|c for opcre||one| menecmcn| of
cncre||n cepec||y e|on v||h procc| |mp|cmcn|e||on ec||v|||cs. /s ||rcc|or ,Commcrc|e|), hc |s rcspons|c|c
for formu|e||on & |mp|cmcn|e||on of po||c|cs & s|re|c|cs |o cnsurc mer|c||n of ||C's cn||rc c|cc|r|ce| ou|pu|,
eppropr|e|c pr|c|n from rcu|e|ory eu|hor||y eno cn||rc peymcn| rce||ze||on from cus|omcrs, |hcrccy cncre|c
eocque|c |n|crne| rcsourccs for |hc compeny |o mcc| |hc fu|urc che||cnc of cepec||y eoo|||on. ln eoo|||on, hc
|s |hc ||rcc|or lncherc of Consu||ency eno bus|ncss |cvc|opmcn| ec||v|||cs. |c |s e|so per| ||mc Che|rmen on
|hc boero of /reve|| |ovcr Compeny |r|ve|c ||m||co ,1,5OO V\) eno per| ||mc ||rcc|or on |hc boero of |C lno|e
||m||co, Vce 0re ||em |r|ve|c ||m||co ,1,32O V\), ||C-b||| |ovcr |rocc|s |r|ve|c ||m||co, ben|eocsh
lno|e |r|cnosh|p |ovcr Compeny |r|ve|c ||m||co eno ||C v|oyu| vyeper ||em ||m||co. |c |s e |c||ov of
lns|||u||on of |n|nccrs, lno|e eno Scn|or Vcmccr, l|||, 0S/.
Shri B.P. Singh, (59 years), |s e Greoue|c |n V|n|n |n|nccr|n from lSV, |henceo. |c s|er|co h|s cerccr |n
1974 |n Coe| m|n|n scc|or v||h lno|en lron & S|cc| Compeny eno sucscqucn||y o|nco bhere| Co||n Coe| ||o.
|c hes ovcr 39 ycers r|ch eno ves| cxpcr|cncc co|h |n coe| es vc|| es povcr scc|or. |c o|nco ||C ||o. |n 1981
eno vor|co |n ver|ous cepec|||cs |n |hc erces of |uc| Venecmcn|, Coe| V|n|n & Coe| \eshcry. |c p|eyco |hc
p|vo|e| ro|c |n formu|e||on of ||C's ovcre|| s|re|cy for fuc| sccur||y eno hes cccn |ns|rumcn|e| |n ecqu|s|||on eno
ocvc|opmcn| of fuc| essc|s, c|c. bcs|ocs rcprcscn||n ||C |n ver|ous comm|||ccs sc| up cy Gov|. of lno|e on
ln|cre|co Coe| |o||cy, fuc|s for |ovcr Gcncre||on, |r|c|n of Coe|, cchno-cconom|cs of us|n veshco coe|, hc
hes e|so cccn per| of ver|ous Gov|. |cems & m|ss|ons |||c 0.|. reoc V|ss|on, lnoo/us|re||e !o|n| \or||n Group
on |ncry & V|ncre|s, c|c. |c |s |hc Che|rmen of bher||ye |e|| b||cc Compeny ||m||co. |c |s e|so rcprcscn||n on
|hc coero of b|-||C |ncry Sys|cms ||o., r|ncome|cc |ovcr Compeny ||m||co ,/ !v of ||C ||m||co eno C|b,
Sr||en|e) eno ||C |yoro ||m||co. |c |s '|xpcr| Vcmccr' on |cscerch Counc|| of Ccn|re| lns|||u|c of V|n|n &
|uc| |cscerch ,ClV||)' eno rcprcscn||n ||C es mcmccr of |hc boero of Govcrnors of |e||one| lns|||u|c of |oc|
Vcchen|cs eno Cons|ruc||on lnous|ry |cvc|opmcn| Counc||. |c |s |c||ov Vcmccr of lno|en lns|||u|c of ||en|
|n|nccrs, |c|h| Chep|cr. |c o|nco ||C boero es ||rcc|or ,|rocc|s) |n /u, 2OO9. /s ||rcc|or ,|rocc|s), hc |s
rcspons|c|c for e|| |hc ec||v|||cs rc|e||n |o |rocc| ||enn|n, |xccu||on eno lmp|cmcn|e||on.
Shri N.N. Misra, (59 years), reoue|co |n ||cc|r|ce| |n|nccr|n v||h |onours from |c|one| |n|nccr|n Co||cc,
|our|c|e, |n |hc ycer 1977. Shr| V|sre o|nco ||C |n 1977 es |xccu||vc re|ncc ,2no be|ch). |c hes cxpcr|cncc
of 35 ycers |n ||C ou| of vh|ch 29 ycers vcrc |n |hc |cs|n |cper|mcn| |oo||n ef|cr |hc ver|ous func||ons of
||cc|r|ce| |cs|n eno |rocc| |n|nccr|n cc|nn|n v||h |hc nrs| procc| of ||C. |c |s ec||vc|y essoc|e|co v||h
blS. Shr| V|sre rcprcscn|s lno|e |n ClG|| ,ln|crne||one| Confcrcncc on |erc ||h vo||ec ||cc|r|c Sys|cm) for
||h vo||ec cqu|pmcn| eno hes con|r|cu|co |n meny S|uoy comm|||ccs eno \or||n roups of ClG||. |c ves
|nvo|vco |n sc|cc||n eno succcssfu||y |mp|cmcn||n |hc nrs| 7o5|v suc-s|e||on of lno|e e| S|pe|. |c hes e r|ch eno
ver|co cxpcr|cncc hev|n vor|co es |xccu||vc ||rcc|or of |e||one| Cep||e| |c|on, |xccu||vc ||rcc|or |oo||n ef|cr
Corpore|c Con|rec|s & Ve|cr|e|s, |xccu||vc ||rcc|or |oo||n ef|cr |umen |csourccs eno |es||y es |xccu||vc ||rcc|or
|oo||n ef|cr Opcre||on Scrv|ccs. Shr| V|sre rcprcscn|s ||C es |er|-||mc ||rcc|or |n e numccr of !o|n| vcn|urcs
eno Sucs|o|er|cs of ||C.
Shri A. K. Jha (56 Years) |s e reoue|c |n Vcchen|ce| |n|nccr|n from bl S|nor|, |ench| 0n|vcrs||y ,1977) eno hes
oonc ||b from |c|h| 0n|vcrs||y ,199o). |c o|nco ||C |n 1977 es |xccu||vc re|ncc ,2no be|ch). |c ves o|rcc||y
essoc|e|co v||h |hc ||C's nesh|p |rocc| |.c. S|nreu|| ,5x2OO V\) es per| of crcc||on |cem. |c hes r|ch eno ver|co
cxpcr|cncc of 3o ycers |n ||C |n |hc erce of |rcc||on & Comm|ss|on|n eno |rocc| Venecmcn| of povcr procc|s.
|c hes scrvco es |c|one| |xccu||vc ||rcc|or ,|or|h) vhcrc hc ves rcspons|c|c for cn||rc por|fo||o menecmcn|
|.c O4 nos cncre||n s|e||ons ,549O V\), O2 nos ono|n procc|s ,1OO8 V\) eno O4 nos upcom|n ncv procc|s
,44oO V\) |n |or|hcrn rc|on of ||C. /s |xccu||vc ||rcc|or ,|rocc| ||enn|n & Von||or|n), hc hes |oo|co ef|cr
|hc ||enn|n & Von||or|n of cn||rc por|fo||o of ||C's Cepec||y eoo|||on prorem.
|c |s per| ||mc Che|rmen |n |hc boero of ||C /|s|om Scrv|ccs |v| ||o ,|/S|), |en-/s|en |cncvec|cs |v|. ||o. ,|/||).
|c |s nom|ncc o|rcc|or |n |hc boero of ||C |yoro ||o ,|||), /nushe||| v|ohyu| ||em ||o ,/S|vl|l), ben|eocsh
lno|e |r|cnosh|p |ovcr Compeny ||o ,bl||C|), rensformcr /no ||cc|r|ce|s |cre|e ||m||co ,|||). |c |s boero Vcmccr
|n ln|crne||one| ||cc|r|c |cscerch |xchenc ,l|||) vhcrc ||C |s cxccu||vc mcmccr eno mcmccr |n |xcc||cncc
|nhenccmcn| Ccn|rc ,||C) - /n |n|||e||vc of lnoo-Gcrmen |ncry Co-opcre||on.
|c !o|nco ||C boero |n !u|y'2O12 es ||rcc|or ,cchn|ce|). |c |s rcspons|c|c for |n|nccr|n o|v|s|on - Conccp| |o
Comm|ss|on|n of povcr procc|s, |nouc||on of cnv|ronmcn| fr|cno|y |cchno|o|cs |||c 0||re Supcr Cr|||ce|, /ovencc
0||re supcr Cr|||ce| eno lGCC ,ln|cre|co Ges|nce||on Comc|nco Cyc|c), |&V |n|nccr|n of o|o un||s, V|nc p|enn|n
& |cs|n of Cep||vc coe| c|oc|s, | & | |hrouh |||/ ,||C |ncry cchno|oy eno |cscerch /|||encc), |cncvec|c
|ncry & ||s|r|cu|co cncre||on |hrouh |nouc||on of So|er, \|no, Sme|| |yoro, Gco-hcrme| eno |mp|cmcn|e||on
of occcn|re||zco o|s|r|cu|co cncre||on schcmc, lnforme||on |cchno|oy |n|||e||vcs |nc|uo|n |n|crpr|sc |csourcc
||enn|n ,|||) eno Sus|e|nec||||y |cvc|opmcn| func||on of ||C. |ur|n |es| onc ycer on ||C boero, hc hes |vcn
spcc|e| |hrus| |o rcncvec|c cncry eno our|n |h|s pcr|oo, ||C hes comm|ss|onco 1O V\ eno epprovco eno|hcr
85 V\ of so|er procc|s, vh|ch erc unocr cons|ruc||on.
Shri A.K. Jha
||rcc|or ,cchn|ce|)
37
th
Shri U.P. Pani, (56 years), ||rcc|or ,|umen |csourccs) |s e Greoue|c |n ||cc|r|ce| |n|nccr|n from blS |l|/|l
,1978) eno o|nco ||C |n |ovcmccr, 1978 es ,3
ro
ce|ch) |xccu||vc re|ncc. |c hes vor|co |n |rcc||on,
|chec||||e||on eno |csc|||cmcn|, cchn|ce| Scrv|ccs |cp||. of |orce S|S ,3x2OO+3x5OOV\) eno e|cher S|S,
,ox5OOV\). |c vor|co es bus|ncss 0n|| |ceo ,b0|) of |S|C| ,o|n| vcn|urc of ||C & S/l|) e| bh||e| eno
|urepur. |c ves |ceo of ||C |ehe|eon ,4x21O V\+3x5OOV\) |rocc|. |ur|n h|s |cnurc, e|| |hrcc 5OO
V\ 0n||s of |ehe|eon S|ec-ll vcrc commcrc|e||sco. |c ves |ceo of |rocc| of ||C's c|cs| p|en|, |.c.
v|nohyeche| S|| ,42oOV\). On 15
|h
Verch 2O1O, Sh. |en| |oo| ovcr es |c|one| |xccu||vc ||rcc|or ,|es|crn
|c|on-l) eno ves rcspons|c|c for ovcre|| func||on|n of ver|ous rc|one| procc|s of ||C eno procc|s of
ver|ous sucs|o|er|cs eno o|n| vcn|urc of ||C.
/s b0| |n |hc cepec||y of GV & ||| e| ver|ous |oce||ons eno rc|ons, hc hes e|so cccn rcspons|c|c for ||
func||ons eno hes s|ccrco numccrs of || |n|||e||vcs.
/s ||rcc|or ,||), Shr| |en| |s rcspons|c|c for |hc cn||rc |umen |csourcc func||ons of |hc oren|ze||on. |c |s e|so
rcspons|c|c for |hc |ovcr Venecmcn| lns|||u|c ,|Vl) of ||C eno o|hcr corpore|c func||ons such es |csc|||cmcn|
& |chec||||e||on, Corpore|c Soc|e| |cspons|c||||y, Vco|ce| Scrv|ccs eno Corpore|c Sccur||y & Cooro|ne||on.
Shri I.C.P. Keshari (51 years) |s e pos| reoue|c |n ||s|ory from |c|h| 0n|vcrs||y eno en lno|en /om|n|s|re||vc
Ofnccr of Veohye |reocsh ceorc. |r|or |o h|s currcn| ess|nmcn| of !o|n| Sccrc|ery, V|n|s|ry of |ovcr, Shr|
|csher| ves |r|ve|c Sccrc|ery |o V|n|s|cr of Commcrcc & lnous|ry, Govcrnmcn| of lno|e eno hes e|so hc|o ver|ous
eom|n|s|re||vc pos|s |n |hc S|e|c of Veohye |reocsh eno Che|||serh |nc|uo|n |he| of Sccrc|ery |\|, Sccrc|ery
,|ovcr) eno Co||cc|or of |hrcc o|s|r|c|s for e|mos| n|nc ycers.
Shri S. B. Ghosh Dastidar, ,oo ycers), b.|. ,Vcch), |s |ormcr Vcmccr refnc/ |e||vey boero ,V) & |x-ofnc|o
Sccrc|ery |o Gov|. of lno|e, V|n|s|ry of |e||veys, |cv |c|h|. Shr| |es||oer o|nco |hc lno|en |e||vey refnc Scrv|cc
|n 19o9 ef|cr comp|c||n h|s bechc|or of |n|nccr|n ,Vcch.) from Ce|cu||e 0n|vcrs||y. |ur|n o|s||nu|shco
cerccr of e|mos| four occeocs, Shr| |es||oer ovcrsev |hc |n|roouc||on of meny ncv |oces eno |nnove||ons |n
|e||veys. Shr| |es||oer rc||rco es Vcmccr refnc / |e||vey boero & |x-ofnc|o Sccrc|ery |o Gov|. of lno|e, V|n|s|ry
of |e||veys, |cv |c|h|. /s Che|rmen of Con|e|ncr Corpore||on of lno|e ||o. ,CO|CO|), lno|en |e||veys Ce|cr|n
& our|sm Corpore||on ||o ,l|CC), ||pevev |e||vey Corpore||on ||o., eno |xccu||vc Comm|||cc of Cen|cr for
|e||vey lnforme||on Sys|cm ,C|lS), hc hes ves| cxpcr|cncc |n erce of ||enn|n, |umen |csourcc |cvc|opmcn|,
Ver|c||n, |rocc| Venecmcn|, Opcre||ons, Venecmcn|, ||nencc eno lnous|r|e| |c|e||onsh|p. Ovcr 37 ycers of
cxpcr|cncc on lno|en |e||veys, hc hc|o ver|ous prcs|||ous pos|s |nc|uo|n Vcmccr refnc, Gcncre| Venecr,
Ch|cf Opcre||one| Venecr, ||v|s|one| |e||vey Venecr c|c. |c p|eyco e p|vo|e| ro|c |n |hc lno|en |e||vey. |c |s
e|so lnocpcnocn| ||rcc|or on |hc boero of bhere| Co||n Coe| ||m||co ,bCC|).
|c ves everoco |eoem Shr|' cy Govcrnmcn| of lno|e for h|s ou|s|eno|n con|r|cu||on |n lno|en |e||veys.
Shri Rajib Sekhar Sahoo, ,51 ycers), |s e prec||c|n Cher|crco /ccoun|en| corn on 1
s|
!u|y, 19o2. |c que||nco
es C/ |n |hc ycer 1987. |c |s onc of |hc |r|nc|pe| per|ncr of V/s S|b & /ssoc|e|cs, Cher|crco /ccoun|en|s.
/| prcscn|, hc |s en lnocpcnocn| ||rcc|or |n ||C ||m||co, e Vehere|ne Compeny of Gov|. of lno|e, ||nous|en
Z|nc ||m||co, ||C lno|e ||m||co ,chr| |yoro |cvc|opmcn| Corpore||on lno|e ||m||co) eno ben| of berooe.
|c |s e mcmccr of es| |orcc on Vo0 |cp||. of |uc||c |n|crpr|sc, Gov|. of lno|e for |hc ycer 2O11-12 eno
2O12-13. |c |s e mcmccr of Sr| !eenne|h cmp|c Vene|n Comm|||cc, |ur| eppo|n|co cy Gov|. of Oo|she
es en lnocpcnocn| Vcmccr. |c |s en lnocpcnocn| rus|cc of Oo|she 0rcen lnfres|ruc|urc |cvc|opmcn|
|uno ,O0l||) eppo|n|co cy Gov|. of Oo|she. |c |s e mcmccr of |cc S|ruc|urc Comm|||cc for |rofcss|one|
|ouce||one| lns|||u||ons of Oo|she eppo|n|co es pcr |hc o|rcc||on of Suprcmc Cour| of lno|e che|rco cy e |c|o.
||h Cour| !uoc s|ncc 2OO7.
|c ves rus|cc |n |ereo|p |or| rus| from |hc ycer 2OO8-1O. |c ves ||rcc|or |n /nohre ben| from !u|y, 2OO8
|o !u|y,2O11. |ur|n h|s |cnurc |n /nohre ben|, hc ves Che|rmen of |hc /uo|| Comm|||cc eno Vcmccr of ||s|
Venecmcn| Comm|||cc. |c ves |hc che|rmen of lnoo-/mcr|cen Chemccr of Commcrcc for |hc ycer 2OO8-1O.
Shri S. B. Ghosh Dastidar
lnocpcnocn| ||rcc|or
Shri Rajib Sekhar
Sahoo
Shri I.C.P. Keshari
Gov|. |om|ncc
||rcc|or
Shri U.P. Pani
||rcc|or
,|umen |csourccs)
37
th
Shri Ajit M. Nimbalkar
Shri S.R. Upadhyay
Shri Ajit M. Nimbalkar (69 years), |s e rc||rco lno|en /om|n|s|re||vc Scrv|cc Ofnccr of 19o7 be|ch, Veheresh|re
Ceorc. |c |s V./. |n |o||||ce| Sc|cncc & |uc||c /om|n|s|re||on. |c hes ovcr 37 ycers of cxpcr|cncc |n l/S eno
hes hc|o scvcre| pos|||ons e| |hc ||s|r|c|, S|e|c eno Ccn|re| |cvc|s. |c vor|co |n o|ffcrcn| nc|os vh|ch |nc|uoco
suer |nous|ry of Veheresh|re, up||f|mcn| of |ecour e| S|e|c eno Ccn|re| |cvc|, cncre||on & o|s|r|cu||on of
povcr, es o|s|r|cu||on, |nfres|ruc|urc |n Vumce|. |c rc||rco es Ch|cf Sccrc|ery, Veheresh|re |n Vey 2OO4.
Sucscqucn||y, ef|cr rc||rcmcn|, |n orocr |o u||||sc h|s scrv|ccs for |nfres|ruc|urc ocvc|opmcn|, hc ves eppo|n|co
es /ov|sor |o |hc S|e|c Govcrnmcn| from !unc 2OO4 |o Verch 2OO5. |rom /uus| 2OO5 eno |||| /uus| 2O11, hc
scrvco es |hc nrs| Che|rmen of |hc ncv|y cnec|co Veheresh|re \e|cr |csourccs |cu|e|ory /u|hor||y, e qeus|-
uo|c|e| pos|.
Shri S.R. Upadhyay (63 years), |s b.Sc ,|ons.) ,V|n|n) from lno|en Schoo| of V|ncs, |henceo. |c hes
oc|e|nco 1s| C|ess V|ncs Venecrsh|p Ccr||nce|c of Compc|cncy ,Coe|), 1975. |c hes rc||rco es Che|rmen
& Vene|n ||rcc|or, Veheneo| Coe|nc|os ||m||co. |c hes v|oc cxpcr|cncc |n |hc erce of coe| m|n|n. |c
hes con|r|cu|co e |o| |n |n|roouc|n sys|cms of vor||n eno cepec||y u||||se||on |hrouh usc of ncv eno
|cchno|oy-sevvy |cchn|qucs. |c ves p|onccr |n me||n |urnerouno of proouc||v||y from s|enen| or |ov
proouc||v||y/ pron|s |o h|hcs| cvcr proouc||on or huc pron|s. |c hes puc||shco pepcrs on 0sc of |on
\e|| Vc|hoo of vor| e| she||ov ocp|h e| !henre eno on |ce||n v||h nrc |n |on \e|| fecc. |c |s rcc|p|cn| of
/vero of |xcc||cncc & Sefc|y cy V|n|s|ry of Coe| prcscn|co cy v|cc |rcs|ocn| of lno|e eno |.|. he||er Go|o
Vcoe| /vero cy V|n|n, Gco|o|ce| & Vc|ro|o|ce| lns|||u|c of lno|e ,VGVl). |c |s lnocpcnocn| ||rcc|or on
|hc boero of |or|hcrn Coe|nc|os ||m||co eno e consu||en| of |ovcr ||nencc Corpore||on Consu|||n ||m||co.
|c |s ||fc Vcmccr of lVV/, VGVl eno ves e|so mcmccr of prcs|||ous boero of V|n|n |xem|ne||ons of |hc
||rcc|or Gcncre| of V|ncs Sefc|y, GOl, vh||c |n scrv|cc.
Ms. Homai A. Daruwalla (64 years), |s e que||nco Cher|crco /ccoun|en|. ln hcr cerccr |n ben||n, spenn|n
morc |hen |hrcc occeocs, shc hes vor|co |n ver|ous cepec|||cs |n 0n|on ben| of lno|e, Or|cn|e| ben| of
Commcrcc eno rc||rco es Che|rmen & Vene|n ||rcc|or of Ccn|re| ben| of lno|e |n |cccmccr 2OO8. |ur|n hcr
|cnurc es CV| of Ccn|re| ben| of lno|e, cen| heo unocronc reo|ce| chencs cy rcuvcne||n |hc vor||n of
|hc ben| |hrouh scr|cs of co|o |n|||e||vcs, vh|ch y|c|oco pos|||vc rcsu||s for |hc ben|. Shc cnsurco |n|roouc||on
of |nnove||vc proouc|s |o ce|cr |o |hc rcqu|rcmcn|s of ||s mu|||-cu||ure| c||cn|s. |cr me|n erces of conccrn
|nc|uoco |||, cchno|o|ce| upreoe||ons me|ch|n |nous|ry |cvc|s, bus|ncss |roccss |ccn|nccr|n v||h
ec||vc per||c|pe||on from nc|o eno cus|om|z|n |hc proouc|s/ scrv|ccs es vc|| es sys|cms eno proccourcs |o
me|ch |hc mer|c| rcqu|rcmcn|s. Shc e|so heno|co prcs|||ous ess|nmcn| es |c|on of lno|e ||rcc|or on |hc
boero of 'hc lns|||u|c of ln|crne| /uo||ors', ||or|oe, 0S/. |ur|n hcr |cnurc, Ccn|re| ben| of lno|e ves everoco
v||h meny everos |nc|uo|n '|e||one| /vero for |xcc||cncc |n Vco|um eno Sme|| |n|crpr|sc |cno|n for |hc
ycer 2OO7-O8 |n rccon|||on of |hc ben|'s ou|s|eno|n pcrformencc |n |cno|n |o Vco|um eno Sme|| |n|crpr|sc
Scc|or. Vs. |eruve||e |s e|so e rcc|p|cn| of meny everos. |rcscn||y, shc |s vor||n es lnocpcnocn| ||rcc|or |n
|ceo|n compen|cs |n ||nenc|e| Scrv|ccs eno lnfres|ruc|urc Scc|or.
Shri Anol Nath Chatterji (63 years) reoue|co from |rcs|ocncy Co||cc, 0n|vcrs||y of Ce|cu||e, v||h e bechc|or
of Sc|cncc ,|ons) ocrcc |n Chcm|s|ry. |c |s e |c||ov of |hc Ceneo|en Comprchcns|vc /uo|| |ounoe||on, O||eve.
Shr| Che||cr| nov scrvcs es e mcmccr of |hc lnocpcnocn| /ov|sory eno Ovcrs|h| Comm|||cc of |hc \or|o
ln|c||cc|ue| |ropcr|y Oren|se||on, Gcncve. |c |s e|so e mcmccr of |hc Oue|||y |cv|cv boero cons|||u|co cy
|hc V|n|s|ry of Corpore|c /ffe|rs unocr |hc Cher|crco /ccoun|en|s /c|.
Shr| Che||cr| o|nco |hc lno|en /uo|| eno /ccoun|s Scrv|cc |n 1974 eno rc||rco |n 2O1O es |cpu|y Comp|ro||cr
eno /uo||or Gcncre| of lno|e. ln |h|s cepec||y hc ves rcspons|c|c for |hc eom|n|s|re||on of |hc vho|c lno|en
/uo|| eno /ccoun|s |cper|mcn|. |c ves e|so rcspons|c|c for e|| |rofcss|one| |rec||ccs |n |hc |cper|mcn| eno
ves Che|rmen of |hc Gov|. /ccoun||n S|enoeros /ov|sory boero.
Shr| Che||cr| hes cccn ec||vc|y cneco |n |hc ocvc|opmcn| of profcss|one| prec||ccs |n |crformencc /uo|||n
eno hes con|r|cu|co |o |hc ocvc|opmcn| of |crformencc /uo|||n S|enoeros co|h |n h|s ocper|mcn| eno
|n|crne||one||y. |c |s |nv||co |o per||c|pe|c |n scm|ners oren|sco cy |hc \or|o ben| es en cxpcr| |n |h|s nc|o.
||s cxpcr|cncc |nc|uocs euo|| of such |mpor|en| ocper|mcn|s es /|om|c |ncry, Specc, Oronencc |ec|or|cs
eno |e||veys.
ln |hc nc|o of |re|n|n, Shr| Che||cr| hes hceoco |hc |e||one| /ceocmy of /uo|| eno /ccoun|s e| Sh|m|e eno
|hc |e||one| lns|||u|c of ||nenc|e| Venecmcn| e| |er|oeceo.
Ms. Homai A. Daruwalla
Shri Anol Nath Chatterji
37
th
Prof. Sushil Khanna
Shri Prashant Mehta
Shri M.R.P Rao
Ch|cf v|||encc Ofnccr
Dr. Alwyn Didar Singh
Prof. Sushil Khanna (62 years) |s |c||ov of lno|en lns|||u|c of Venecmcn|, Ce|cu||e ,llV-C). |c |s e |ecu||y
Vcmccr |n |conom|cs eno S|re|c|c Venecmcn| ocper|mcn|s e| llV Ce|cu||e s|ncc 1984. |c hes cccn v|s|||n
|rofcssor |n ver|ous 0n|vcrs|||cs eno |ns|||u|cs ecroeo eno hes cccn e Che|r |rofcssor e| Copcnhecn bus|ncss
Schoo| our|n 2O11-12. |c |s currcn||y Vcmccr, boero for |ccons|ruc||on of |uc||c Scc|or |n|crpr|scs eno
lnocpcnocn| ||rcc|or on |hc boeros of Sh|pp|n Corp of lno|e, ||cco vcn|urcs ||m||co eno hc lnforme||on
Compeny ||m||co. ||s pes| pos|||ons |nc|uoc Che|rmen, |cre|e ||nenc|e| Corp., es| |orcc on |cv lnous|r|e|
|o||cy, Gov|. of |cre|e, c|c. |c hes puc||shco scvcre| er||c|cs eno chep|crs |n |hc coo|s on |hc |op|cs rc|e||n |o
lnous|r|e| |o||cy, lnous|r|e| |conom|cs, S|re|c|c Venecmcn| eno Venecmcn| of Scrv|ccs. ||s rcccn| s|uo|cs/
Consu||ency ess|nmcn|s |nc|uoc s|uoy of Govcrnmcn|/ |uc||c Scc|or, |r|ve|c Scc|or eno C|v|| Soc|c|y.
Dr. Alwyn Didar Singh, IAS (62 years), |s Ves|crs |n Soc|e| Sc|cncc eno V./. |n ||s|ory, |o||||ce| houh|. |c
e|so ho|os |h.|. |n |o||cy eno S|re|cy of ||cc|ron|c Commcrcc. |c rc||rco es Sccrc|ery |o |hc Govcrnmcn| of
lno|e |n |hc V|n|s|ry of Ovcrsces lno|en /ffe|rs /ssoc|e||on. |ur|n h|s cerccr |n Govcrnmcn|, hc hc|o ver|ous
pos|s |nc|uo|n es /oo|||one| Sccrc|ery, Vcmccr ,||nencc), |e||one| ||hveys /u|hor||y of lno|e, |cper|mcn|
of |oeo renspor| eno ||hveys, eno !o|n| Sccrc|ery |n |hc V|n|s|ry of |cevy lnous|r|cs eno |n V|n|s|ry of
Commcrcc ,|orc|n reoc). |r. S|nh hes henos-on-cxpcr|cncc |n |hc erce of c-commcrcc eno menecmcn|,
hev|n cccn Vene|n ||rcc|or of |vo lnforme||on cchno|oy cn|crpr|scs |n |unec |.c. |unec ||cc|ron|cs
eno |S|| eno e|so V| of VCC| ,Vche|eye Ccmcn|) eno V| of Vche|eye our|sm. |c hes e|so cccn |om|ncc
||rcc|or on |hc boeros of b|||, |V, ||l, ||C, Ccmcn| Corpore||on of lno|e, /norcv /u|c. |c |s en cxpcr| |n
c-commcrcc eno lC ocvc|opmcn|, |reoc eno |||. |c hes prcscn|co e numccr of pepcrs eno eu|horco coo|s
on c-commcrcc eno |reoc. |c |s currcn||y |hc Sccrc|ery Gcncre| of |lCCl ,|cocre||on of lno|en Chemccrs of
Commcrcc eno lnous|ry), e 'no| for pron|' lnous|ry /ssoc|e||on.
Shri Prashant Mehta, aged 61 years, en lno|en /om|n|s|re||vc Scrv|ccs Ofnccr of Veohye |reocsh Ceorc, |s
e reoue|c |n Sc|cncc eno pos|-reoue|c |n |hys|cs from 0n|vcrs||y of !ece|pur, Veohye |reocsh. |c rc||rco
es ||rcc|or Gcncre|, /ceocmy of /om|n|s|re||on, bhope|, Govcrnmcn| of Veohye |reocsh |n |ovcmccr 2O11.
|ur|n h|s |||us|r|ous cerccr of 3o ycers es l/S ofnccr, hc heo hc|o ver|ous eom|n|s|re||vc pos|||ons |n Veohye
|reocsh Govcrnmcn| ocper|mcn|s |nc|uo|n couce||on, c|v|| ev|e||on, re||veys, rcvcnuc, m|ncs, forcs|s, c|c. |c
heo cccn ec||vc|y essoc|e|co v||h V| Cr|c|c| /ssoc|e||on eno heo cccn Che|rmen, Oren|s|n Comm|||cc for
Onc-oey ln|crne||one| Cr|c|c| me|chcs from 199o |o 2O11 e| Gve||or. |rcscn||y, hc |s v|cc-|rcs|ocn| of Veohye
|reocsh Cr|c|c| /ssoc|e||on, |xccu||vc |rcs|ocn| of |hc Gve||or ||v|s|on Cr|c|c| /ssoc|e||on eno e|so |hc Che|rmen
of \\| ,Veohye |reocsh eno Che|||serh). |c heo cccn Vene|n ||rcc|or of |e||eres Suer |ec|ory Vorcne
eno Govcrnmcn| |om|ncc ||rcc|or on |hc boero of |/|CO, b/|CO, ||nous|en Z|nc ||m||co eno ||nous|en
||emonos ||m||co.
Shri M.R.P Rao, aged 50 years, |s en lno|en |orcs| Scrv|cc Ofnccr of 198o ce|ch of 0| Ceorc. |r|or |o prcscn|
ocpu|e||on es |hc Ch|cf v|||encc Ofnccr, ||C ||m||co, hc ves |n S|nercn| Co|||cr|cs Compeny ||o. ,SCC|) for
four ycers es |roouc||on lncherc. |c hes hc|o ver|ous |mpor|en| pos|||ons |n ovcrnmcn| of 0||er |reocsh. |c
hes oonc h|s bechc|or of |n|nccr|n |n V|n|n ,Go|o Vcoe||s|) from Osmen|e 0n|vcrs||y, |yocreceo |n 1983.
37
th
SENIOR MANAGEMENT TEAM
Executive Directors
S/Shri
1 S.C. Pandey
2 G.J. Deshpande
3 Anil Kumar Ahuja
4 A. C. Chaturvedi
5 Sharad Anand
6 Virendra Kumar Gupta
7 R. Venkateswaran
8 M.K.V.R. Rao
9 S.N. Ganguly
10 Saptarshi Roy
11 M.S.Soin
12 Dinesh Kumar Agarwal
13 Manash Sarkar
14 Dr. Arja Srikanth - on deputation fromRailways
15 Anand Kumar - IPS Ofcer on deputation
16 A.K. Chatterjee
17 A.K.Sharma
18 Y.V.Rao
19 Thomas Joseph
20 Anil Gupta
21 G.K.Sadhu
22 K.S.Garbyal
23 Anand Kumar Gupta
24 Ajit Kumar
25 G. Ravindra
26 Sudhir Arya
27 S.J.Muley
28 H.K.Sandhir
29 V.B Fadnavis
General Managers
S/Shri
1 Biswanath Mukherjee
2 Dinesh Agrawal
3 Rakesh Khetarpal
4 Anuttam Chaudhuri
5 Narayanan Kannan
6 A.K. Mohindru
7 V.K.C. Mohan
8 S.P. Singh
9 D. Saha
10 Sangeet Kumar Dave
11 S.K. Singh
12 Shashi Ranjan
13 P. Ramesh
14 R.S.Rathee
15 Janhvi Shanker
16 P.R. Dahake
17 Dushyant Kumar Sood
18 P.K. Mohapatra
19 J.N. Singh
20 Anil Kumar Rastogi
21 A. Upendra Rao
22 Devraj Bhattacharjee
23 Anil Kumar
24 Chander Prakash Malik
25 Pradeep Bhaskar Behere
26 Joseph Kurian
27 Govinda Chandra Mishra
28 Sankar Bandyopadhyay
29 GourDas Basu
30 P.S. Radhakrishnan
31 Vinod Kumar Padha
32 Sanjay Kumar Sur
33 Inder Kumar Rajdeva
34 P.S. Rao
35 S.K. Jain
36 Ramkrishna Pal
37 S.K. Patnaik
38 Arvind Kumar Sinha
39 S.K. Roy
40 Arun Kumar Sinha
General Managers
S/Shri
41 Devashis Basu
42 Subhasis Ghosh
43 Nageen Kumar Kothari
44 Pramod Kumar
45 V. Thangapandian
46 Ajit Kumar Bhatnagar
47 R.R. Shrivastava
48 Arun Prakash Trivedi
49 Rajiv Kumar Jain
50 Jaiwant Pesumal Sachdev
51 Dilip Singh Manki
52 Ramahuj Mishra
53 Dileep Mathur
54 Asit Baran Halder
55 Sure Krishna Reddy
56 Harbans Singh
57 Dilip Kumar Dubey
58 P.K.Bhattacharya
59 Ajay Kumar Atrea
60 Satinder Pal Singh
61 Kothandaraman Sreedhar
62 K.V. Adivarahan
63 Arun Kumar Gupta
64 Revti Raman
65 Murari Prasad Sinha
66 Prakash Tiwari
67 Anil Kumar Bansal
68 Manoj Saxena
69 Ms.Gitika Shiv
70 Tilak Raj Datta
71 Ms.Arundhati Bhattacharya
72 Praveen Kumar Bondriya
73 Asim Kumar Samanta
74 Balaji Iyengar
75 Vipan Kumar
76 Avinash Kumar Sinha
77 Himanchal Panda
78 Kuldeep Bhargava
79 Subramani Sreenivasa
80 B.P.Prasad
81 Jagdish Roy
82 Barun Kumar De
83 Krishna kumar
84 Shankar Das
85 P.N. Pavan Kumar
86 Raj Kumar
87 N.N.Mishra
88 Shivendra Kumar Sinha
89 K Balaram
90 J.V.Nageshwara Rao
91 Birendra Kumar
92 J.Sinhamahapatra
93 Siva Rama Krishna M
94 Md. Ansar Ali Shekh
95 Santosh James
96 S.K.Agnihotri
97 Dinesh Kumar
98 Braja Bihari Tripathy
99 Harsh Kumar
100 Lal Upendra
101 Nataraj Saha
102 Pramathesh Purkayastha
103 Ram Das
104 Binay Kumar
105 Surinder Singh Isser
106 Sundararajan T S
107 Pradeep Kumar Upadhyaya
108 Bijoy Kumar Rath
109 Rajive Kumar Batra
General Managers
S/Shri
110 Bhupinder Magan
111 Anup Kumar Nanda
112 Utpal Chakrabarti
113 Siby Chandy Chavady
114 Mananjay Kumar Singh
115 Ashok Kumar Juneja
116 Prakash Chandra Rai
117 R Bhaskar Rao
118 P K Chakraborty
119 Dinesh Chandra
120 Anand Khalatkar
121 C Vasant Rao
122 Suparakash Mukherjee
123 B Pujar Ramesh
124 Tribhuwan Nath Srivastava
125 Raj Krishna Nagar
126 Alok Shrivastava
127 Parimi Sreenivas
128 Muralidhar Mishra
129 Nirmal Chandra Gurung
130 Pramod Prabhakar Kulkarni
131 S Narendra
132 Ujjwal Banerjee
133 Rajnish Bhagat
134 Dinkar Devate
135 Parthapratim Sengupta
136 Ramesh Kumar Choudhary
137 A Vijayaraman
138 Ram Kuber
139 Chepuru Venkata Anand
140 Debojyoti Nandi
141 S M Chauthaiwale
142 Raghvendra Kumar Singh
143 Ms.Sangeeta Bhatia
144 Debashis Sen
145 Manoj Mathur
146 Anandaraj Chidambaram
147 Guryog Singh
148 Pallikonda Gopala Rao
149 Dinesh Chandra Gupta
150 Chandramani Naik
151 Krothapalli Ravindra Babu
152 Kamal Kishore Kannojia
153 Rajat Kumar Bagchi
154 Narayan Jayakant Jadhav
155 Rajeev Agarwal
156 K D Rajendran
157 Gautam Kumar Bhowmick
158 Mohinder Singh
159 Pradip Kumar Mondal
160 Radhakrishnan R M
161 Anant Narayan Goyal
162 S C Venkateswaran
163 Javed Sultan Ansari
164 Samir Kumar Bhowmick
165 Nav Kumar Sinha
166 Sudarsan Chakrabarti
167 Sanjeev Kishore
168 Narendra Kumar Lal Das
169 Biswajit Kanungo
170 Uttam Kumar Dasgupta
171 Alok Patra
172 Pradeep Jain
173 Shuddhasattwa Sarkar
174 Laxmidhar Sahoo
175 Tapash Kumar Seal
176 Muthusamy Chandrasekaran
177 Ramkumar H Krishnaswamy
178 Gopalakrishnan Venu
179 Pradeep Kumar
180 Sunil Jumde
General Managers
S/Shri
181 Biswarup Basu
182 N.N.Rai
183 Asit Kumar Mukherjee
184 Sanjay Madan
185 Surinder Raina
186 Aditya Narayan Mishra
187 Niraj Kumar Sinha
188 Madhukar Anand
189 M S D Bhattamishra
190 Awadhesh Kumar Tiwary
191 Chandan Kumar Mondol
192 Chandan Chakraborty
193 Kalyan Prasad Gupta
194 Vinod Choudhary
195 Sreekant Kandikuppa
196 P P Francis
197 Virendra Kumar Tiwari
Executive Directors
S/Shri
1 Nand Kishore Sharma
2 K.K.Sharma
3 Arvind Kumar
4 Vinod Sharma
5 R.K.Srivastava
6 K.K.Singh
7 Janardan Kar - On depu. to CSPGCL
8 R. N. Sen - On depu. to DVC
General Managers
S/Shri
1 C.S. Gupta
2 Tufani Ram
3 R.K. Bhatnagar
4 Dharamdas Chakrabarty
5 Prabhat Kumar
6 V.S. Tamrakar
7 A.K. Garg
8 Yogendra Singh
9 Amarinder Kumar Maggu
10 Prakash Harisinghaney
11 Kaza Ram Chandra Murty
12 Atul Shrivastava
13 Debasis Sarkar
14 Rakesh Samuel
15 Jai Prakash Srivastava
16 Pravin Kumar Gupta
17 Apurba Chatterjee
18 Sandwip Basu Mallick
19 Pravin Chayurvedi
20 Vijay Gulati
21 P.K.Dave
22 S.Arumugam
23 Raj Kumar
24 O.P.Sharma
25 Rakesh kumar
26 Bhavaraju Srinivasa Rao
27 Satyhabhama Annegowda
28 Kunal Gupta
29 K S Rajeev
30 Prabhat Kumar Sinha
31 Rajendra Narayan Pandey
32 Narsingh
33 Pradeep Kumar Jindal
34 Bhaskar Bhattacharya
35 Vishwa Mohan Prasad
36 Rajiva Kumar Sinha
37 Amar Nath Verma
38 S. S. Sen - On depu. to WBPDCL
39 A. K. Halder - On depu. to Delhi Transco
40 K. Balram - On depu. to SCCL
37
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DIRECTORS REPORT
|cer Vcmccrs,
/our ||rcc|ors erc p|cesco |o prcscn| |hc 37
|h
/nnue| |cpor| eno
|hc euo||co nnenc|e| s|e|cmcn|s for |hc ycer cnoco Verch 31,
2O13.
||nenc|e| /cer 2O12-13 hes cccn e ycer of ech|cvcmcn|s for your
Compeny es || pcrformco cxccco|n|y vc|| |n ver|ous erces of ||s
ec||v|||cs. Veor h|h||h|s for |hc ycer erc:
/oo|||on of 4,17O V\ cepec||y ,|nc|uo|n 1OOO V\
|hrouh !v Compen|cs), cy fer |hc h|hcs| cvcr |n eny s|n|c
ycer eno occ|erco 4,83O V\ ,|nc|uo|n 1OOO V\ |hrouh
!v Compen|cs) on commcrc|e| cncre||on, e|so |hc h|hcs|
cvcr |n e ycer. /veroco con|rec|s for vor| of 8,521 V\.
/vcrec ||| of 83.O8% es ee|ns| e|| lno|e ||| of o9.95% v||h
s|x s|e||ons rccoro|n morc |hen 9O% |||.
Cep||e| cxpcno||urc ,C/||) of ` 19,925.53 crorc vh|ch
ves 24.58% h|hcr |hen |hc prcv|ous ycer's ` 15,994 crorc.
1OO% rce||ze||on of currcn| c|||s from cus|omcrs.
||hcs| cvcr nc| pron| ef|cr |ex of ` 12,o19.39 crorc, me||n
en |ncrcesc cy 3o.81% ovcr |hc prcv|ous ycer's |/ of `
9,223.73 crorc eno rccoroco |o|e| |ncomc of ` o8,775.51
crorc, en |ncrcesc of o.O7% es comperco |o ` o4,841.88
crorc |n |hc |/ 2O11-12.
||hcs|-cvcr o|v|ocno of ` 5.75 pcr sherc ,|o|e| ` 4,741.1o
crorc) vh|ch compr|scs |n|cr|m o|v|ocno of ` 3.75 pcr
cqu||y sherc pe|o |n Verch 2O13 eno rccommcnoe||on
of spcc|e| o|v|ocno of ` 1.25 pcr cqu||y sherc eno nne|
o|v|ocno of ` O.75 pcr cqu||y sherc for |hc ycer 2O12-13,
succc| |o epprove| of |hc shercho|ocrs.
/pprove| of |hc V|n|s|ry of |ovcr for |mp|cmcn|e||on of
|or|h |erenpure Supcr hcrme| |ovcr |rocc| ,3ooO V\)
e| cx|s||n s||c |n |hc S|e|c of !her|heno cy ||C.
\||horeve| of oc-e||oce||on of Che|||-ber|e|u, Che|||-ber|e|u
,Sou|h) eno |crenoer| Coe| b|oc|s cy V|n|s|ry of Coe| vh|ch
vcrc oc-e||oce|co cy V|n|s|ry of Coe| |n !unc 2O11.
||s|nvcs|mcn| of 9.5O% ho|o|n cy Govcrnmcn| of lno|e |n
|hc cqu||y of your Compeny, |hus rcouc|n ||s ho|o|n from
84.5O% |o 75.OO%.
Comm|ss|onco nrs| |vo so|er povcr p|en|s of 5 V\ cech e|
|eor| eno /noemen & ||cocer ls|enos.
/ou v||| epprcc|e|c |hc fec| |he| your Compeny |s |mper||n
e meor |hrus| |o |hc rov|h of |hc povcr scc|or eno
rccoro|n cons|s|cn||y cxcc||cn| pcrformencc ocsp||c |hc
che||cnc ccforc |hc scc|or.
1. FINANCIAL RESULTS
Revenue
2012-13 2011-12
` Crore US $ Mn* ` Crore US $ Mn*
|c| |cvcnuc from Opcre||ons ,|nc|uo|n |ncry Se|cs,
Consu||ency, |ncry consumco |n|crne||y)
o5,o73.93 11,9oO.29 o2,O52.23 11,3OO.72
O|hcr lncomc 3,1O1.58 5o4.85 2,789.o5 5O8.O4
Total Revenue 68,775.51 12,525.14 64,841.88 11,808.76
Expenses
|uc| 41,O18.25 7,47O.O9 41,o35.4o 7,582.49
|mp|oycc bcncn|s |xpcnsc 3,3oO.12 o11.93 3,1O1.71 5o4.87
||nencc Cos|s 1,924.3o 35O.4o 1,711.o4 311.72
|cprcc|e||on eno emor||ze||on cxpcnsc 3,39o.7o o18.oO 2,791.7O 5O8.41
Gcncre||on, eom|n|s|re||on & o|hcr cxpcnscs 4,211.22 7oo.93 3,588.79 o53.58
|r|or pcr|oo ||cms ,nc|) ,29.72) ,5.41) ,313.58) ,57.11)
Total Expenses 53,880.99 9,812.60 52,515.72 9,563.96
Prot before Tax and exceptional items 14,894.52 2,712.54 12,326.16 2,244.80
|xccp||one| ||cms 1,o84.11 3Oo.7O - -
|ron| ccforc |ex 16,578.63 3,019.24 12,326.16 2,244.80
ex |xpcnsc 3,959.24 721.O4 3,1O2.43 5o5.OO
|ron| for |hc ycer 12,619.39 2,298.20 9,223.73 1,679.80
Appropriations:
2012-13 2011-12
` Crore US $ Mn* ` Crore US $ Mn*
rensfcr |o cono rcocmp||on rcscrvc 492.79 89.75 482.38 87.85
rensfcr |o cncre| rcscrvc o,5OO.OO 1,183.7o 5,2OO.OO 947.OO
37
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37
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th
rensfcr |o cep||e| rcscrvc O.97 O.18 O.44 O.O8
ln|cr|m o|v|ocno 3,O92.O7 5o3.12 2,885.92 525.57
|roposco o|v|ocno 1,o49.O9 3OO.33 412.27 75.O8
ex on o|v|ocno 781.87 142.39 527.92 9o.14
*10S $= ` 54.91 es on Verch 31, 2O13
2. DISINVESTMENT
Onc of |hc meor h|h||h|s of |hc ycer |he| pessco ves
|he| |hc Govcrnmcn| of lno|e o|vcs|co 78,32,o2,88O
numccr of cqu||y shercs ,9.5O%) of ||C on 7
|h
|ccruery
2O13 us|n |hc 'Offcr for Se|c |hrouh S|oc| |xchenc
Vcchen|sm'. \||h |h|s, |hc GOl's ho|o|n |n ||C hes
rcoucco from 84.5O% |o 75.OO%. hc Offcr ves ovcr-
sucscr|cco cy 1.7 ||mcs eno erncrco ` 11,4o9.39 crorc
e| vc|h|co evcrec pr|cc of ` 14o.43. /n |mpor|en|
fce|urc ves |he| 45% of |hc sucscr|p||on cemc from |lls.
3. DIVIDEND
3.1 Interim, Special and Final Dividend:
ln eoo|||on |o |n|cr|m o|v|ocno of ` 3.75 pcr cqu||y sherc
pe|o |n Verch 2O13, your ||rcc|ors hevc rccommcnoco
e spcc|e| o|v|ocno of ` 1.25 pcr cqu||y sherc eno nne|
o|v|ocno of ` O.75 pcr cqu||y sherc for |hc ycer 2O12-13.
\||h |h|s |hc |o|e| o|v|ocno for |hc ycer |s ` 5.75 ,|nc|uo|n
spcc|e| o|v|ocno of ` 1.25) pcr cqu||y sherc of ` 1O/- cech
ee|ns| ` 4.OO pcr sherc pe|o our|n |es| ycer.
hc |o|e| o|v|ocno peyou| |s 37.57% eno |hc |o|e|
o|v|ocno peyou| |nc|uo|n o|v|ocno |ex |s 43.77% of
pron| ef|cr |ex. hc spcc|e| eno nne| o|v|ocno she|| cc
pe|o ef|cr your epprove| e| |hc /nnue| Gcncre| Vcc||n.
hc o|v|ocno hes cccn rccommcnoco |n eccoroencc
v||h your Compeny's po||cy of ce|enc|n o|v|ocno
pey-ou| v||h |hc rcqu|rcmcn| of ocp|oymcn| of |n|crne|
eccrue|s for ||s rov|h p|ens.
2008-09 2009-10 2010-11 2011-12 2012-13
3470 3661 3648 3826 5523
oO%
5O%
4O%
3O%
2O%
1O%
O%
oOOO
5OOO
4OOO
3OOO
2OOO
1OOO
O
Year
R
a
t
i
o
`

C
r
o
r
e
Dividend Payout : 44%of Net Prot
Dividend Including Tax Dividend Payout Dividend
3o%
38% 38%
4O%
44%
42%
42%
42%
41%
55%
/our ||rcc|ors cc||cvc |he| rov|h of |hc Compeny |hrouh
cepec||y eoo|||on, cec|vero eno forvero |n|cre||on eno
s|re|c|c o|vcrs|nce||on of ||s opcre||ons vou|o |ceo |o
|ncrcesc |n shercho|ocrs' ve|uc.
4. OPERATIONAL PERFORMANCE
4.1 Generation:
|ur|n |hc ycer, |hc povcr s|e||ons of your Compeny
cncre|co 232.O28 b0s ,247 b0s |nc|uo|n !vs) of
c|cc|r|c||y vh|ch ves 25.57% ,27.22% |nc|uo|n !vs)
of |hc |o|e| povcr cncre|co |n lno|e ,v||hou| bhu|en
|mpor|).
hc |o|e| povcr cncre|co cy |hc Compeny hes rc|s|crco
en |ncrcesc of 4.49% ovcr |hc prcv|ous ycers' cncre||on
of 222.Oo8 b0s. hc |o|e| cncre||on con|r|cu|co cy coe|
s|e||ons |s 212.329 b0s our|n |hc ycer ee|ns| cncre||on
of 199.O54 b0s |es| ycer rc|s|cr|n e rov|h of o.o7%.
Gcncre||on from coe| cesco un||s cou|o hevc cccn s||||
h|hcr cu| ouc |o |css r|o ocmeno |hcrc ves cncre||on
|oss of 7.48 b0s. hc coe| cesco s|e||ons of your Compeny
opcre|co e| evcrec ||en| |oeo |ec|or ,|||) of 83.O8%
,/|| lno|e ||| o9.95%) eno evcrec /ve||ec||||y |ec|or of
9O.2O% on cus cer our|n |hc ycer. |ur|n |hc ycer, o coe|
cesco s|e||ons ou| of 1o ech|cvco morc |hen 9O% |||.
hc es s|e||ons hev|n e cepec||y of 3,955 V\ ech|cvco
ennue| cncre||on of 19.o99 b0s e| e ||| of 55.98%
es ee|ns| 23.O14 b0s |es| ycer me|n|y ouc |o |css r|o
ocmeno vh|ch eccoun|co for e cncre||on |oss of 12.954
b0s. hc evcrec occ|erco cepec||y of es cesco s|e||ons
of |hc ycer ves 93.14% es comperco |o 93.81% our|n
prcv|ous ycer.
Management Discussion and Analysis Report
Venecmcn| ||scuss|on eno /ne|ys|s |cpor| for |hc ycer
unocr rcv|cv, es s||pu|e|co unocr C|eusc 49 of |hc ||s||n
/rccmcn| v||h |hc S|oc| |xchencs |n lno|e eno es pcr
Gu|oc||ncs on Corpore|c Govcrnencc for C|S|s |ssuco cy
|cper|mcn| of |uc||c |n|crpr|scs, GOl, |s prcscn|co |n
/nncx-l |o |h|s |cpor|.
5. COMMERCIAL PERFORMANCE
/our Compeny hes rce||zco 1OO% peymcn| of currcn| c|||s
re|sco for se|c of povcr, |hus ech|cv|n |h|s fce| for |hc
|cn|h consccu||vc ycer.
5.1 Rebate Scheme/ One Time Settlement Scheme for
realization of dues:
ln orocr |o ech|cvc cer|y rce||ze||on of oucs, your Compeny
|vcs rcce|c |o ||s ccncnc|er|cs vho me|c peymcn|s
v||h|n ||mc, |hrouh ||s |cce|c Schcmcs.
37
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ln |hc |cce|c Schcmc for 2O12-13 rcce|c ves |vcn |o
|hosc cus|omcrs e|so vho vcrc me||n peymcn| ef|cr 3O
oeys eno up|o 55
|h
oey.
|cce|c Schcmc for 2O13-14 con|e|ns en eoo|||one|
prov|s|on of eoo|||one| rcce|c of O.1% for opcn|n of
mon|h|y |c||cr of Crco|| ,|C) cy ccncnc|er|cs ovcr eno
ecovc |hc |cce|c Schcmc for 2O12-13.
Vos| of |hc cus|omcrs vcrc me||n |hc|r peymcn|s v||h|n
3O oeys of c||||n, cerr|n s|e|c u||||||cs from 0|, |eryene,
|unec, ||meche| |reocsh, /nohre |reocsh, em|| |eou,
|ees|hen, Vche|eye vho vcrc me||n |hc|r peymcn|s
v||h|n e||ovec|c oO oeys pcr|oo.
/|| |hc ccncnc|er|cs hevc cs|ec||shco |C eno erc
me|n|e|n|n ||. /s on 31.O3.2O13, your Compeny hes
mon|h|y |Cs of ` 5,915.oO crorc.
hc |ssuc of ||S0 pcr|oo oucs peyec|c cy Govcrnmcn|
of |C of |c|h| hes cccn sc|||co eno Govcrnmcn| of lno|e
heo epprovco sc|||cmcn| of ` 2,52O.O8 Crorc ,` 835.97
crorc es pr|nc|pe| eno ` 1,o84.11 crorc es |n|crcs| eno
surcherc) |overos ||S0 oucs. hc rccc|p| of emoun| |s
cc|n pursuco v||h |hc Gov|.
5.2 Commercial Capacity:
hc fo||ov|n un||s vcrc occ|erco commcrc|e| our|n |hc
ycer 2O12-13, eoo|n 4,83O V\ |o commcrc|e| cepec||y
of your Compeny, |hc h|hcs| cvcr |n e ycer:
Project/ Unit Capacity
(MW)
COD*
NTPC Units- Coal Based (I)
|ere||e-lll, 0n||#o 5OO O4.O4.2O12
S|pe|-l, 0n||#2 ooO 25.O5.2O12
S|pe|-l, 0n||#3 ooO O1.O8.2O12
S|mheor|-ll, 0n||#4 5OO 3O.O9.2O12
||heno-lll, 0n||#5 5OO 19.11.2O12
v|nohyeche|-lv, 0n||#11 5OO O1.O3.2O13
Vouoe-l, 0n||#1 5OO 13.O3.2O13
Total (I) 3,820
NTPC Units -Renewable Energy Units (II)
|eor| So|er 5 3O.O3.2O13
/noemen & ||cocer
ls|enos So|er
5 31.O3.2O13
Total (II) 10
NTPCs JV Units- Coal Based (III)
!heer, 0n||#2 ,!v v||h
l|GC| eno ||GC|)
5OO 21.O4.2O12
ve||ur, 0n||#1 ,!v v||h
/|G||CO)
5OO 29.11.2O12
Total (III) 1,000
Total Capacity declared
commercial during 2012-
13(incl. JVs) (I)+(II)+(III)
4,830
* CO|- Commcrc|e| Opcre||on |e|c
|ur|hcr, ef|cr |hc nnenc|e| ycer 2O12-13, 0n||#3 of 5OO V\
of !heer ,ovnco cy !v, /reve|| |ovcr Compeny |r|ve|c
||m||co) hes cccn occ|erco commcrc|e| on 2o.O4.2O13.
5.3 Determination of Tariff:
/our Compeny heo n|co |er|ff pc||||ons for |hc nvc-
ycer pcr|oo s|er||n 1.4.2OO9 ccforc Ccn|re| ||cc|r|c||y
|cu|e|ory Comm|ss|on ,C||C) for e|| |hc s|e||ons |n
eccoroencc v||h |hc C||C ,crms eno Cono|||ons of
er|ff) |cu|e||ons, 2OO9.
er|ff orocrs hevc cccn rccc|vco for 2o s|e||ons ||||
31.O3.2O13 ou| of 35 s|e||ons.
ruc-up pc||||ons for rcv|s|on of |er|ff vcrc n|co for 2O
s|e||ons.
C||C heo e||ovco eoo|||one| rc|mcurscmcn| of ` 7o4.97
crorc for 2OO4-O9 pcr|oo rc|e|co |o pey rcv|s|on for ||C
cmp|oyccs, ClS| eno |cnor|ye v|oye|eye s|eff.
5.4 Other Activities:
|on |crm ecccss for cvecue||on of povcr hes cccn
ren|co for nvc procc|s |.c. v|nohyeche|-v, |eor| So|er,
enoe, |ere eno |er||pe|||.
C||C |ssuco en emcnomcn| |n |hc ren| of conncc||v||y
rcu|e||on |o e||ov conncc||v||y |o rcncvec|c procc|s
hev|n cepec||y ecovc 5 V\ cu| |css |hen 5O V\ cc|n
ocvc|opco |n |hc cx|s||n cncre||n s|e||ons |hrouh |hc
cx|s||n c|cc|r|ce| sys|cm of |hc s|e||ons. h|s prov|s|on
vou|o cnec|c your Compeny |o sc| up rcncvec|c
cepec||y v||h|n |hc prcm|scs of |hc cx|s||n cncre||n
s|e||ons.
5.5 Strengthening Customer Relationship:
Cus|omcr |c|e||onsh|p Venecmcn| ,C|V) |n|||e||vc hes
cccn |e|cn cy your Compeny |overos s|rcn|hcn|n
rc|e||onsh|p v||h |hc cus|omcrs. h|s |s e|so rcncc|co
|n |hc Corc ve|ucs of your Compeny vh|ch cmphes|zc
'Cus|omcr |ocus'.
0nocr C|V, eper| from |c|one| Cus|omcr Vcc|s, bus|ncss
|er|ncr Vcc|s, |re|n|n prorems for ofnc|e|s of cus|omcrs
e| |Vl, rcu|er s|ruc|urco |n|crec||on v||h cus|omcrs |e|cs
p|ecc on en ono|n ces|s for sher|n of fccocec|s,
cxpcr|cnccs eno cxpcc|e||ons. besco on |hc fccocec|
rccc|vco from |hc cus|omcrs, |hc Compeny prov|ocs
ver|ous suppor| scrv|ccs |o |hcm, |ocn||ncs po|cn||e|
erces of coopcre||on eno shercs ccs| prec||ccs v||h |hc
cus|omcr u||||||cs. |ur|n 2O12-13, 58 such scrv|ccs vcrc
prov|oco |o |hc cus|omcrs on |hc ces|s of |hc rcqu|rcmcn|
cxprcssco cy ver|ous cus|omcrs. |ur|hcr, 138 per||c|pen|s
from ver|ous cus|omcr u||||||cs e||cnoco |re|n|n |n oO
prorems conouc|co cy |Vl.
S|er||n from 2OO8-O9, ||C hes ro||co ou| e Cus|omcr
Se||sfec||on lnocx ,CSl) Survcy for e|hcr|n cus|omcrs'
fccocec| eno rcspono|n |o |hc|r rcqu|rcmcn|s. h|s
|n|||e||vc scrvcs es e uscfu| |oo| for fur|hcr s|rcn|hcn|n
Cus|omcr |c|e||onsh|p eno cc||cr epprcc|e||on of our
37
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37
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th
cus|ncss. hc CSl Survcy ves conouc|co |n 2O12-13
eno oc|e||co ec||on p|en hes cccn meoc cesco on |hc
rcsponsc |o |hc survcy.
6. INSTALLED CAPACITY
|ur|n |hc ycer 2O12-13, your Compeny eooco 4,17O V\
es pcr oc|e||s |vcn cc|ov:
Project/ Unit installed during
FY 2012-13
Capacity (MW)
NTPC owned
Coal Based Power Projects
S|pe|-l, 0n|| # 3 ooO
v|nohyeche|- lv, 0n|| # 11 & 12 1OOO
Vouoe l, 0n|| 1 & 2 1OOO
||heno, 0n|| # 5 5OO
Renewable Energy Projects
So|er |v |rocc| e| /noemen &
||cocer ls|enos
5
So|er |v |rocc| e| |eor| 5
Under JVs (Coal Based Power Projects)
!heer ,!v v||h ||GC| & l|GC|),
0n|| # 3
5OO
ve||ur ,!v v||h /|G||CO), 0n|| # 2 5OO
Addition during FY 2012-13 4,170
6.1 Installed Capacity of NTPC Group:
hc |o|e| |ns|e||co cepec||y of |hc ||C Group hes
|ncrcesco from 37,O14 V\ es on 31.O3.2O12 |o 41,184
V\ es on 31.O3.2O13 es |ecu|e|co cc|ov:
Owned by NTPC MW
Coe| cesco procc|s 31,855
Ges cesco procc|s 3,955
|cncvec|c |ncry |rocc|s 1O
Sub-total 35,820
Joint Ventures & Subsidiaries
Coe| cesco procc|s 3,424
Ges cesco procc|s 1,94O
Sub-total 5,364
Total 41,184
7. CAPACITY ADDITION PROGRAM
/our Compeny hes eoop|co e mu|||-pronco rov|h
s|re|cy vh|ch |nc|uocs cepec||y eoo|||on |hrouh rccn
nc|o procc|s, crovn nc|o cxpens|ons, o|n| vcn|urcs eno
ecqu|s|||ons |overos ||s ourncy |o cccomc |hc vor|o's
|ercs| povcr proouccr.
ln eoo|||on |o fur|hcr|n cepec||y eoo|||on |hrouh Coe|
eno Ges cesco povcr procc|s, your Compeny hes cccn
pursu|n cnhenccmcn| of ||s povcr cncre||on por|fo||o
|hrouh |yoro, |cncvec|c |ncry eno |uc|cer cncry
procc|s.
7.1 Projects under Implementation
/our Compeny's ver|ous procc|s hev|n erce|c
cepec||y of 2O,OO9 V\ |nc|uo|n 5,19O V\, cc|n
unocr|e|cn cy !o|n| vcn|urc compen|cs vcrc unocr
cons|ruc||on es on 31.O3.2O13:
Ongoing Projects as on 31.03.2013
Capacity
(MW)
I. Projects under NTPC Ltd
A. Coal Based Projects
1. bone|eon-l 75O
2. berh-l 1,98O
3. berh-ll 1,32O
4. |ere-l 1,oOO
5. |uo|-l 2,4OO
o. v|nohyeche|-v 5OO
7. Geoervere* 1,oOO
8. So|epur 1,32O
9. Vouoe-ll 1,32O
1O. ||heno-lll 5OO
Sub Total (A) 13,290
B. Hydro Electric Power Projects (HEPP)
11. |o|oem 8OO
12. epoven v|shnueo 52O
13. |e|e epoven 171
Sub Total (B) 1,491
C. Renewable Energy Projects
14. S|nreu|| C\ ||scherc ,|yoro) 8
15. |emeunoem |hesc-l ,So|er |v) 1O
1o. e|chcr |en|he ,So|er |v) 1O
17. 0ncheher ,So|er |v) 1O
Sub Total (C) 38
Total I (A)+(B)+(C) 14,819
II Projects under JVs
Coal Based Projects
18. |ec|neer- !v v||h |e||veys 1,OOO
19. Vuzefferpur |xpens|on ,V|S) !v
v||h bS|GC| ,crs|vh||c bS|b)
39O
2O. |ec|neer, !v v||h bS|GC| ,crs|vh||c
bS|b)
1,98O
37
th
Ongoing Projects as on 31.03.2013
Projects under JVs
Capacity
(MW)
Coal Based Projects
21. ve||ur, |hesc-ll !v v||h /|G||CO 5OO
22. Vce, !v v||h 0||v0|| 1,32O
Total II 5,190
III Total On-Going Projects as on
31.03.2013 (I)+(II)
20,009
*Geoervere |rocc| |n Veohye |reocsh ,28OO V\) |s
cc|n |mp|cmcn|co |n p|ecc of Gemere procc| |n Oo|she
es |hc |eno for |hc semc ves no| eve||ec|c.
|ur|hcr, ef|cr |hc nnenc|e| ycer 2O12-13, everos hevc
cccn p|ecco eno vor| hes ccun for 5 V\ So|er |ovcr
||en| e| |er|oeceo eno 5O V\ So|er |ovcr ||en| e| |eerh
,Veohye |reocsh). hus, 2O,Oo4 V\ procc|s erc unocr
cons|ruc||on cy your Compeny.
7.2 New Projects
Currcn||y, your Compeny hes procc|s for 3,555 V\
cepec||y unocr c|oo|n. |ces|c||||y |cpor|s of 2O,715 V\
cepec||y ,|nc|uo|n 21OO V\ |hrouh !o|n| vcn|urc) hevc
e|rceoy cccn epprovco cy your boero.
7.3 New Technology
o mcc| |hc fu|urc che||cncs of mcc||n lno|e's c|cc|r|c||y
nccos e| efforoec|c cos| v||h m|n|mum cnv|ronmcn|e|
|mpec|, your Compeny hes orevn e |on |crm cchno|oy
|oeomep up |o 2O32. hc |cchno|oy roeomep cnv|secs
ocvc|opmcn|, eoop||on eno promo||on of sefc, cfnc|cn|
eno c|cen |cchno|o|cs for cn||rc ve|uc che|n of povcr
cncre||on cus|ncss.
|or mos| of |hc ncv procc|s, your Compeny v||| cc
sc|||n up supcr cr|||ce| eno 0||re Supcr Cr|||ce| un||s of
ooO/ 8OO V\ vh|ch hevc h|hcr cfnc|cncy eno erc e|so
cnv|ronmcn|e| fr|cno|y. /our Compeny hes everoco cu||
|cnocr|n procc|s v||h supcr cr|||ce| |cchno|oy for
|uo|-l ,38OO V\), |ere-l ,28OO V\), So|epur ,2ooO
V\), Vouoe ll ,2ooO V\) eno Geoervere ,28OO V\).
/our Compeny hes eoop|co scvcre| ncv |cchno|o|cs,
sys|cm eno prec||ccs |nc|uo|n comc|nco cyc|c es-nrco
povcr s|e||ons, ||s|r|cu|co ||||e| Con|ro| & Venecmcn|
lnforme||on Sys|cm, ||h vo||ec ||rcc| Currcn|
|rensm|ss|on, S||o|n |rcssurc Opcre||on of SG, |ry /sh
|x|rec||on eno ||spose|, 7o5 |v Sv||chyero, /sh \e|cr
|cc|rcu|e||on Sys|cm, ||qu|o \es|c Venecmcn| Sys|cm,
|crformencc /ne|ys|s eno ||enos||c Op||m|ze||on, unnc|
bor|n Vech|ncs eno Supcr Cr|||ce| cchno|o|cs. hrcc
,O3) numccrs Supcr cr|||ce| un||s of ooO V\ |s e|rceoy
unocr opcre||on e| S|pe|-l vhcrc s|cem peremc|crs erc
247 |/cm
2
/537
o
C/5o5
o
C. |ur|hcr, your Compeny hes
eoop|co h|hcr s|cem peremc|crs for e|| ooO & 8OO V\
un||s from berh-ll onvero rcsu|||n |n 5% e|n |n cfnc|cncy
ovcr |hc cfnc|cncy of convcn||one| suc-cr|||ce| 5OO V\
un|| us|n s|m||er coe|. |or e|| |hc ncv suc-cr|||ce| 5OO
V\ un||s e|so, rchce| |cmpcre|urc hes cccn |ncrcesco |o
5o5
o
C rcsu|||n |n ecou| O.7% e|n |n cfnc|cncy.
/our Compeny hes |e|cn |n|||e||vcs for |no|cnous
ocvc|opmcn| of eovencc u||re supcr cr|||ce| |cchno|oy
for vh|ch || hes cn|crco |n|o VO0 v||h b||| eno lGC/|.
l| hes po|cn||e| |o cnhencc |hcrme| cfnc|cncy of |hc
povcr p|en| |o erouno 4o% eno rcsu|| |n ecou| 15-2O%
|css CO
2
cm|ss|on es comperco |o convcn||one| 5OO V\
suc-cr|||ce| |hcrme| povcr p|en|s. l| cnv|secs |ns|e|||n e
|cchno|oy ocmons|re||on p|en| hev|n 8OO V\ un|| v||h
s|cem peremc|crs of 31O |/sq cm71O
o
C/72O
o
C.
/our Compeny |s prcper|n |c|e||co |rocc| |cpor| for
hycr|o so|er |hcrme| p|en| of ecou| 3.o V\ cy |n|cre||on
of so|er hce| v||h 21O V\ coe| cesco un|| e| |eor|.
So|er hce| |s proposco |o cc |n|cre|co e|on v||h
fcco hce|crs |n |hc |urc|nc cyc|c for convcrs|on of so|er
hce| |o c|cc|r|ce| povcr v||h |hc hc|p of cx|s||n s|cem
cyc|c of 21O V\. Oncc |n|cre|co, |h|s v||| rcoucc coe|
consump||on |hcrccy rcouc|n CO
2
cm|ss|ons.
7.4 Project Management
/our Compeny hes en cs|ec||shco s|e|c-of-|hc-er| l
cnec|co |rocc| Von||or|n Ccn|rc ,|VC) for fec||||e||n
fes| |rec| procc| |mp|cmcn|e||on. |VC hes eovencco
fce|urcs |||c \cc-cesco V||cs|onc Von||or|n Sys|cm
,\ccm||cs), |rocc| |cv|cv eno ln|crne| Von||or|n
Sys|cm ,||lVS), |n|crpr|sc-v|oc lssucs rec||n Sys|cm,
c|c. |VC fec||||e|cs mon||or|n of |cy procc| m||cs|oncs
eno e|so ec|s es occ|s|on suppor| sys|cm for |hc menecmcn|.
|VC |s cx|cns|vc|y u||||zco for |rec||n eno rcso|v|n procc|
|ssucs eno hc|ps |n prov|o|n cffcc||vc cooro|ne||on
cc|vccn |hc ecnc|cs |nc|uo|n menecmcn| |n|crvcn||on
eno hes prov|oco cnhencco eno cfnc|cn| mon||or|n
of procc|s |ceo|n |o cc||cr, fes|cr eno |n|cre|co
|mp|cmcn|e||on.
/our Compeny |s cs|ec||sh|n en |n|cre|co ||| ||e|form
for mon||or|n eno con|ro|||n of cr|||ce| procc| ec||v|||cs
sprceo ecross ver|ous func||ons |||c cn|nccr|n, con|rec|s
eno nnencc. h|s |n|crfecc v||| hc|p |n c|||n ||mc|y |npu|s
for occ|s|on me||n.
7.5 Capacity addition through Subsidiaries and Joint
Ventures (JVs)
bcs|ocs eoo|n cepec|||cs on ||s ovn, your Compeny
ocvc|ops povcr procc|s |hrouh ||s sucs|o|er|cs eno
o|n| vcn|urcs, co|h |n lno|e eno ecroeo. |c|e||s of
!o|n| vcn|urcs ecroeo erc covcrco unocr |hc hceo|n
'G|oce||se||on ln|||e||vcs'.
hc |nforme||on of lno|en Sucs|o|er|cs eno !v Compen|cs
e|on v||h oc|e||s of per|ncrs of o|n| vcn|urcs for cepec||y
eoo|||on |s |vcn cc|ov:
37
th
37
th
th
Name of
Company
JV Partner(s) Details
NSPCL
,||C-S/l| |ovcr
Co. |v|. ||o.)
S|cc| /u|hor||y of lno|e
||o. ,S/l|)
/ 5O:5O !vC formco |o ovn eno opcre|c cep||vc povcr p|en|s for S|cc|
/u|hr||y of lno|e e| |urepur ,12O V\), |our|c|e ,12O V\) eno bh||e| S|cc|
||en| ,74 V\). 225O V\ un||s hevc cccn |mp|cmcn|co e| bh||e|.
NTECL
,||C em|| |eou
|ncry Co. ||o.)
em||neou Gcncre||on eno
||s|r|cu||on Corpore||on
||m||co
,/|G||CO) ,crs|vh||c
||b)
/ 5O:5O !vC |s |mp|cmcn||n 3x5OO V\ coe| cesco povcr procc| e|
ve||ur, em||neou.
0n||#1 of |hc |rocc| ves occ|erco commcrc|e| on 29.11.2O12. 0n|| #2
ves synchron|zco on 2o.O2.2O13 eno ech|cvco fu|| |oeo on 28.O3.2O13.
Cons|ruc||on of 0n||#3 |s |n prorcss.
APCPL
,/reve|| |ovcr
Compeny |v|.
||o.)
lnorepres|he |ovcr
Gcncre||on Co ||o.
,l|GC|) eno |eryene
|ovcr Gcncre||on Co ||o.
,||GC|).
h|s !vC |s |mp|cmcn||n |hc coe| cesco lno|re Genoh| Supcr hcrme|
|ovcr |rocc| cons|s||n of 3 un||s of 5OO V\ cech. ||C, l|GC| eno ||GC|
hevc con|r|cu|co cqu||y |n |hc re||o of 5O:25:25. /|| |hc |hrcc un||s of |hc
procc| hevc cccn synchron|zco eno occ|erco commcrc|e|. hc |h|ro un||
ves occ|erco commcrc|e| on 2o.O4.2O13.
BRBCL
,bher||ye |e|| b||cc
Compeny ||o.)*
V|n|s|ry of |e||veys / sucs|o|ery of ||C |n o|n| vcn|urc v||h V|n|s|ry of |e||veys v||h cqu||y
con|r|cu||on |n |hc re||o of 74:2o rcspcc||vc|y for sc|||n up povcr procc|
of 1OOO V\ ,425O V\) cepec||y e| |ec|neer |n b|her. Cons|ruc||on vor|
|s unocr prorcss.
MUNPL
,Vce 0re ||em
|v|. ||o.)
0||er |reocsh |eye v|ou|
0|peoen ||em ||o.
,0||v0||)
/ 5O:5O !vC formco for sc|||n up 1,32O V\ ,2ooO V\) coe| cesco
povcr procc| |n |hc s|e|c of 0||er |reocsh. Ve|n p|en| evero ,SG eno G
|ec|ec) hes cccn p|ecco eno cons|ruc||on ec||v|||cs erc |n prorcss.
KBUNL
,|en|| b||cc
0|peoen ||em
||o.)
b|her S|e|c |ovcr
Gcncre||on Compeny
||m||co ,crs|vh||c ,bS|b)
/ sucs|o|ery of ||C |n o|n| vcn|urc v||h bS|GC| ,crs|vh||c bS|b), |oo|
ovcr V|S hev|n 2 un||s of 11O V\ cech from bS|b. hc cqu||y of ||C
|n |h|s sucs|o|ery |s o5%. bo|h |hc un||s of S|ec-l erc unocr |cnove||on eno
Voocrn|se||on. hc Compeny hes e|so |e|cn up cxpens|on of |hc procc| cy
2195 V\ un||s for vh|ch cons|ruc||on vor| |s |n prorcss.
NPGCL
,|ec|neer
|ovcr Gcncre||n
Compeny |v|. ||o.)
b|her S|e|c |ovcr
Gcncre||on Compeny
||m||co ,crs|vh||c ,bS|b)
/ 5O:5O !vC for sc|||n up eno opcre||on of e 3xooO V\ Coe| cesco
p|en| e| |ec|neer. lnvcs|mcn| epprove| hes cccn eccoroco cy ||C |n
!enuery 2O13 eno me|n p|en| G & SG pec|ecs hevc cccn everoco. |eno
ecqu|s|||on ec||v|||cs erc |n prorcss.
RGPPL
,|e|ne|r| Ges eno
|ovcr |v|. ||o.)
G/l|, lClCl, Sbl, l|bl,
Cenere ben| eno VS|b
|o|o|n Co.
||C |s hev|n e s|e|c of 32.8o% ,es on 3O.Oo.2O13). /|| |hc |hrcc |ovcr
b|oc|s v||h e comc|nco cepec||y of 1,94O V\ erc unocr commcrc|e|
opcre||on s|ncc Vey 2OO9. |ovcr b|oc| cncre|co 5,127 V0s of cncry
our|n |hc |/ 2O12-13.
hc ||G |crm|ne| comm|ss|on|n cero ves rccc|vco e| |hc crm|ne| on
28.12.2O12 eno |hc rc-es|nco ||G ves |ncc|co for |hc nrs| ||mc on
1O.O1.2O13. ln eoo|||on |o |hc comm|ss|on|n cero, |hc Compeny rccc|vco
eno un|oeoco nvc ||G ceros eno rc-es|nco eno supp||co 39o7122OO
VVSCV of |||G |n ||s p|pc||nc.
ASHVINI
,/nushe|||
v|ohyu| ||em
||o.)
|uc|cer |ovcr Corpore||on
of lno|e ||o. ,||Cl|)
/S|vl|l ves |ncorpore|co on 27.O1.2O11 es e !vC v||h ||Cl| hev|n 51%
cqu||y eno ||C hev|n 49% cqu||y. hc compeny hes cccn formco for
sc|||n up nuc|cer povcr procc| ,s) eno e|so |o cxp|orc poss|c|||||cs of
cn|cr|n |n erces of fron| cno fuc| cyc|c |||c uren|um m|n|n c|c.
*ln eoo|||on, ||C ||m||co hes s|nco Vcmorenoum of 0nocrs|eno|n v||h V|n|s|ry of |e||veys |o sc| up 1,32O V\ povcr
procc| e| /ore, \cs| bcne| |hrouh bher||ye |e|| b||cc Compeny ||m||co. \e|cr e||oce||on hes cccn senc||onco from |emooer-
bere|er ||vcr Sys|cm eno |OC from /|rpor| /u|hor||y of lno|e hes cccn oc|e|nco. b|bC| hes |n|||e|co propose| |o cerry ou| |hc
rcme|n|n s||c spcc|nc s|uo|cs.
37
th
7.6 Hydro Power
7.6.1 /our Compeny |s sc|||n up |hc fo||ov|n hyoro
procc|s for |ncrces|n ||s foo|pr|n|s |n rcncvec|c cncry
ocvc|opmcn|:
Project Location Capacity
|o|oem |||| ||meche| |reocsh 8OO V\
epoven-v|shuneo
||||
0||ere|heno 52O V\
Cons|ruc||on vor| |s |n prorcss |n |o|oem |||| eno
epoven v|shnueo ||||.
ln eoo|||on, |e|e epoven |||| ,171 V\) ,unocr
cons|ruc||on) eno |emmem-lll |||| ,12O V\) ,unocr
c|oo|n) vcrc cc|n |mp|cmcn|co cy ||C |yoro
||m||co, e vho||y-ovnco sucs|o|ery of ||C.
||C |yoro ||m||co |s nov cc|n mcrco v||h ||C
||m||co, for vh|ch |hc Shercho|ocrs' Vcc||n of ||C eno
Shercho|ocrs' Vcc||n of ||| ves hc|o on 24.O5.2O13,
es pcr |hc Orocr of |hc V|n|s|ry of Corpore|c /ffe|rs. hc
|ce| proccss of eme|eme||on |s |n prorcss.
|oher|ne |e|e |||| heo cccn o|scon||nuco on |hc
eov|cc of V|n|s|ry of |ovcr. hc |mpovcrco Comm|||cc
cons|||u|co cy GOl for |hc purposc of sc||||n |hc c|e|ms
heo epprovco rc|mcurscmcn| of ` 53o.3O crorc |n nrs|
|hesc |o ||C. /our Compeny |s pursu|n for rc|cesc of
funos.
hc nesh nooo our|n !unc 2O13 |n |hc r|vcr |heu||ene
hevc ceusco oemec |o cerrec eno roeos epproech|n
|o povcr houscs e| |e|e epoven |||| eno epoven-
v|shnueo ||||. /| epoven-v|shnueo ||||, oemecs
hevc e|so cccn ceusco |o ups|rcem eno oovns|rcem
o|vcrs|on oy|c, roeos, ccs|ocs ve|cr |o|n eno s|||
eccumu|e||on |n povcr housc cevcrn & e|| |ecc unnc|
,|). \h||c |hc cxec| |mpec| she|| cc |novn ef|cr
rccco|n of nooo, hovcvcr, |hcsc fec|ors mey |nnucncc
procc| comm|ss|on|n schcou|c.
7.6.2 Hydro Engineering
ln pursuencc of Vcmorenoum of /rccmcn| s|nco
v||h Gov|. of V|zorem, |c|e||co |rocc| |cpor| of
|o|ooync-ll |||| ,4115V\) prcperco cy Ccn|re| \e|cr
Comm|ss|on for Gov|. of V|zorem eno upoe|co cy ||C
ves sucm|||co |o C|/ for eccoro|n cchno-|conom|c
C|cerencc ,|C). C|/ hes cons|ocrco |hc propose| eno
eccoroco cchno-|conom|c C|cerencc. /s |hc |eno
rcqu|rco for |hc procc| |nvo|vcs |orcs| |eno, |hc propose|
for epprove| of o|vcrs|on of |orcs| |eno ves sucm|||co |o
|hc Govcrnmcn| of V|zorem. Govcrnmcn| of V|zorem |s
yc| |o sucm|| |hc propose| |o V|n|s|ry of |nv|ronmcn| eno
|orcs|s.
7.7 Capacity Addition through other
Renewable Energy Sources
/our Compeny |s p|enn|n |o eoo cepec||y |hrouh
rcncvec|c sourccs of cncry. l| offcrs cnv|ronmcn|e||y
c|cen povcr.
/our Compeny p|ens |o croeo-cesc ||s cncre||on m|x |o
cnsurc |on |crm compc||||vcncss, m|||e|c fuc| r|s|s eno
promo|c sus|e|nec|c povcr ocvc|opmcn|.
ln pursu|| of |hcsc occc||vcs, 1O V\ So|er povcr
cepec||y hes e|rceoy cccn comm|ss|onco. 93 V\
cepec||y compr|s|n 85 V\ of So|er |ovcr procc|s eno
8 V\ of Sme|| |yoro |ovcr |rocc| |s unocr cxccu||on,
oc|e||s of vh|ch erc |vcn unocr |hc hceo|n procc|
|mp|cmcn|e||on. 95 V\ compr|s|n 15 V\ So|er |ovcr
|rocc| e| S|nreu|| eno \|no |ncry |rocc|s of 4O V\
cech e| |erne|e|e eno Veheresh|re erc unocr |cnocr|n.
|c|e||co |rocc| |cpor| |s unocr nne||ze||on for 3 V\
Sme|| |yoro |rocc| e| ||heno.
/ !o|n| vcn|urc Compeny hes cccn |ncorpore|co emons|
||C ||m||co, /s|en |cvc|opmcn| ben| eno |yuocn
ln|crne||one| Coopcre||on, !epen unocr |hc nemc PAN-
ASIAN Renewables Private Limited |o ocvc|op procc|s
for por|fo||o of ecou| 5OO V\ of rcncvec|c povcr
cncre||on rcsourccs |n lno|e. hc Compeny |s prcper|n
||s |n|||e| cus|ncss p|en.
/our Compeny hes s|nco en VO0 v||h C|||/ for
cxp|or|n |hc po|cn||e| of e|epen| Gco|hcrme| nc|o eno
sucscqucn||y |mp|cmcn||n co|hcrme| cesco povcr
procc| e| e|epen| |n Che|||serh on bu||o, Ovn eno
Opcre|c bes|s.
/n VO0 hes cccn s|nco v||h Govcrnmcn| of |cre|e
,Go|) v||h |hc occc||vc |o p|en eno ocvc|op erouno
2OO V\ v|no cncry cesco povcr procc|s |n |cre|e |n
essoc|e||on v||h GO| on bu||o, Ovn eno Opcre|c bes|s
us|n s|e|c-of-|hc-er| |cchno|oy succc| |o cs|ec||shmcn|
of |cchno-commcrc|e| v|ec||||y.
8. STRATEGIC DIVERSIFICATION- INCREASING SELF-
RELIANCE
8.1 ln orocr |o s|rcn|hcn ||s compc||||vc eoven|ec |n povcr
cncre||on cus|ncss, your Compeny hes o|vcrs|nco
||s por|fo||o |o cmcrc es en |n|cre|co povcr meor,
v||h prcscncc ecross cn||rc povcr ve|uc che|n |hrouh
cec|vero eno forvero |n|cre||on |n|o erces such es coe|
m|n|n, povcr cqu|pmcn| menufec|ur|n, povcr |reo|n,
eno o|s|r|cu||on.
Our Compeny con||nuous|y cxp|orcs cus|ncss
oppor|un|||cs |hrouh mer|c| scenn|n eno eoop|s ncv
cus|ncss p|ens eccoro|n|y.
8.1.1 hc oc|e||s of o|n| vcn|urc compen|cs |e||n up ec||v|||cs
|n o|hcr cus|ncsscs erc |vcn cc|ov:
Name of
Company
JV Partner Activities
undertaken
0||
,0|||||y
|ovcr|cch
||o.)
|c||encc
lnfres|ruc|urc
||m||co
e|cs up ess|nmcn|s of
cons|ruc||on, crcc||on eno
supcrv|s|on of cus|ncss |n
povcr scc|or eno o|hcr
scc|ors |||c O&V scrv|ccs
c|c.
37
th
37
th
th
Name of
Company
JV Partner Activities
undertaken
|/S|
,||C
/|SOV
|ovcr
Scrv|ccs
|v|. ||o.)
/|SOV
|ovcr
Gcncre||on,
/G
e|cs up rcnove||on eno
moocrn|ze||on ess|nmcn|s
of povcr p|en|s co|h |n
lno|e eno |n o|hcr S//|C
coun|r|cs.
||S|
,|ncry
|fnc|cncy
Scrv|ccs
||o.)
||C, |GCl|
eno ||C
hc Compeny ves formco
on |cccmccr 1O, 2OO9
for |mp|cmcn|e||on of
|ncry |fnc|cncy procc|s
eno |o promo|c cncry
conscrve||on eno c||me|c
chenc.
hc Compeny |s prov|o|n
consu||ency on |ncry
/uo|| of bu||o|ns
eno /r|cu||ure| |ump
rcp|eccmcn| unocr |crform
/ch|cvc reoc Schcmc
eno |mp|cmcn||n beche|
|emp /one for ver|ous S|e|c
Gov|s.
||||
,|e||one|
||h
|ovcr cs|
|ecore|ory
|v|. ||o.)
|||C,
|GCl|, |vC
eno C||l
hc Compeny ves
|ncorpore|co on
22.O5.2OO9 for sc|||n up
fec||||y for shor| c|rcu||
|cs||n of |rensformcrs eno
o|hcr c|cc|r|ce| cqu|pmcn|.
hc s||c for sc|||n up |hc
|ecore|ory |s |oce|co e| b|ne,
V|. Cons|ruc||on ec||v|||cs
eno evero ec||v|||cs erc |n
prorcss.
|||
,|e||one|
|ovcr
|xchenc
||o.)
|||C, ||C
CS, |||C,
bS|, l|Cl,
Vccne|sh|,
||SC
hc Compeny ves formco
|o fec||||e|c, promo|c,
ess|s|, rcu|e|c eno menec
ne||on v|oc |reo|n of e||
forms of c|cc|r|ce| cncr|cs
eno e|so |o sc|||c |reocs |n
e |renspercn| fe|r eno opcn
menncr.
ln v|cv of |hc chenc |n
mer|c| sccner|o eno |hc
fec| |he| ||C's occc||vc of
o|n|n ||| hes no| cccn
mc| |||| oe|c, your Compeny
hes occ|oco |o cx|| from
|||.
8.2 hc oc|e||s of o|hcr sucs|o|ery compen|cs erc es unocr:
8.2.1 NTPC Electric Supply Company Limited, e vho||y
ovnco sucs|o|ery of ||C ves |ncorpore|co |o forey
|n|o |hc cus|ncss of o|s|r|cu||on eno supp|y of c|cc|r|ce|
cncry es e scquc| |o rcforms |n|||e|co |n |hc povcr
scc|or. hc Compeny |s |mp|cmcn||n |e|v Genoh|
Grem|n v|oyu|||eren /one procc|s on |urn|cy ces|s eno
unocr|e|cs |urn|cy cxccu||on of suc-s|e||ons for u||||||cs
eno e|so |e|cs up procc| menecmcn| consu||ency.
h|s sucs|o|ery |s cerry|n cus|ncss of rc|e|| o|s|r|cu||on
of povcr |n ver|ous |nous|r|e| per|s ocvc|opco cy
|cre|e lnous|r|e| lnfres|ruc|urc |cvc|opmcn| Corpore||on
,|l|||/), |hrouh ||s !o|n| vcn|urc Compeny nemc|y
KINESCO Power and Utilities Private Limited, formco
v||h |l|||/.
hc Compeny |s me||n con||nuous cffor|s |o |e|c up |hc
ncv cus|ncss ec||v|||cs |n o|ffcrcn| erces |nc|uo|n rc|e||
o|s|r|cu||on of c|cc|r|c||y |o cu|| |nous|r|e| consumcrs |n
up-com|n mce |nous|r|e| erces/ S|Zs.
8.2.2 NTPC Vidyut Vyapar Nigam Limited, e vho||y ovnco
sucs|o|ery of ||C ves |ncorpore|co |o unocr|e|c se|c
eno purchesc of c|cc|r|c povcr eno |o cffcc||vc|y u||||zc
|ns|e||co cepec||y eno |hus cnec|c rcouc||on |n |hc cos| of
povcr.
hc Compeny |s |nvo|vco |n povcr |reo|n, se|c of ny esh
eno ccnosphcrc.
l| hes cccn eppo|n|co es |hc nooe| ecncy for cross
corocr |reo|n of c|cc|r|c||y v||h bhu|en eno ben|eocsh. l|
hes s|nco e |ovcr |urchesc /rccmcn| v||h ben|eocsh
|ovcr |cvc|opmcn| boero for supp|y of 25OV\ povcr
for 25 ycers from ver|ous Ccn|re| Gcncre||n S|e||ons of
||C. hc povcr |s |||c|y |o commcncc from |hc cno of
!u|y 2O13.
hc Compeny hes e|so cccn ocs|ne|co es |hc |ooe|
/cncy for purchesc of r|o conncc|co so|er povcr
up|o 1OOO V\ es e per| of |hesc-l of !eveher |e| |chru
|e||one| So|er V|ss|on.
8.3 ln orocr |o s|rcn|hcn ||s compc||||vc eoven|ec |n povcr
cncre||on cus|ncss, |hc Compeny hes o|vcrs|nco |n|o |hc
erce of menufec|ur|n |hrouh |hc fo||ov|n o|n| vcn|urcs:
8.3.1 NTPC-BHEL Power Projects Pvt. Limited (NBPPL), e o|n|
vcn|urc of your Compeny v||h b||| ves |ncorpore|co
on /pr|| 28, 2OO8 for |e||n up ec||v|||cs of cn|nccr|n,
procurcmcn| eno cons|ruc||on of povcr p|en|s eno
menufec|ur|n of cqu|pmcn|s. hc menufec|ur|n p|en| of
|b||| |s cc|n sc| up e| Venneverem, |rupe|| |n /nohre
|reocsh for C|| eno /||.
hc Compeny |s cxccu||n ||C con|rec|s for ce|encc of
p|en|s pec|ecs of |e|e|ene Comc|nco Cyc|c |ovcr p|en|
|n r|pure eno |emrup Comc|nco Cyc|c |ovcr ||en| |n
/ssem for b|||. l| |s e|so cxccu||n bO| |nc|uo|n |rcc||on
& Comm|ss|on|n vor|s of |hc cn||rc p|en| e| Vonerche|,
r|pure for ||||CO.
8.3.2 BF-NTPC Energy Systems Limited ves |ncorpore|co v||h
bhere| |orc ||m||co on !unc 19, 2OO8 |o menufec|urc
ces||ns, for|ns, n|||ns eno h|h prcssurc p|p|n
rcqu|rco for povcr procc|s eno o|hcr |nous|r|cs.
hc Compeny |s sc|||n up p|en| e| So|epur for vh|ch
|cchn|ce| spcc|nce||ons for eom|n|s|re||vc cu||o|ns hes
cccn sucm|||co cy |hc consu||en|.
37
th
8.3.3 /our Compeny hes ecqu|rco 44.o% s|e|c |n Transformers
and Electricals Kerala Limited from Govcrnmcn| of |cre|e
on !unc 19, 2OO9. hc Compeny oce|s |n menufec|ur|n
eno rcpe|r of |ovcr rensformcrs. |xpens|on of p|en|
fec|||||cs ves comp|c|co |n !enuery 2O13.
||cesc rcfcr |o Venecmcn| ||scuss|on eno /ne|ys|s',
/nncxurc-l |nc|uoco es e scpere|c scc||on |o |h|s rcpor| for
fur|hcr oc|e||s of sucs|o|ery eno o|n| vcn|urc compen|cs
of ||C.
9. GLOBALISATION INITIATIVES
9.1 Trincomalee Power Company Limited, e 5O:5O o|n|
vcn|urc Compeny cc|vccn ||C eno Ccy|on ||cc|r|c||y
boero ves |ncorpore|co on 2o.O9.2O11 |o unocr|e|c |hc
ocvc|opmcn|, cons|ruc||on, cs|ec||shmcn|, opcre||on
eno me|n|cnencc of e coe| cesco c|cc|r|c||y cncre||n
s|e||on of 225O V\ cepec||y e| r|ncome|cc e| Sr||en|e.
||ne||se||on of ver|ous erccmcn|s cc|vccn !v Compeny
eno C|b |s |n prorcss.
9.2 Bangladesh - India Friendship Power Company Private
Limited, e 5O:5O o|n| vcn|urc compeny cc|vccn cc|vccn
||C eno ben|eocsh |ovcr |cvc|opmcn| boero ,b||b)
ves |ncorpore|co on 31.1O.2O12 for ocvc|op|n e 2ooO
V\ Coe| cesco povcr procc| e| Khulna, Bangladesh.
|ces|c||||y |cpor| of |hc |hu|ne procc| hes e|rceoy cccn
epprovco cy ||C.
9.3 /our Compeny hes prcperco eno sucm|||co |hc ||| for
/mochu |yoro-c|cc|r|c procc| |n bhu|en on consu||ency
ces|s. hc ||| hes cccn c|cerco cy C|/.
10. NTPC Consultancy Wing: /s e rcsu|| of |hc phcnomcne|
succcss ech|cvco cy your Compeny |n cxccu||n ||s ovn
povcr procc|s, meny u||||||cs from lno|e eno ecroeo
epproech ||C |o ccncn| from |hc r|ch cxpcr|cncc
e|nco cy your Compeny. \||h |h|s |n v|cv, ||C
forme||y cs|ec||shco e Consu||ency \|n |n 1989. S|ncc
|hcn, |h|s v|n hes cccn rccc|v|n orocrs from oomcs||c
eno |n|crne||one| c||cn|s. Consu||ency \|n |s nov
rccon|zco es Consu||en| v||h scvcre| |ceo|n oomcs||c
eno |n|crne||one| ocvc|opmcn| eno nnenc|e| |ns|||u||ons
eno c||cn|s. l| offcrs scrv|ccs |||c |n|nccr|n Scrv|ccs,
Opcre||on & Ve|n|cnencc Venecmcn| Scrv|ccs,
|rocc| Venecmcn| Scrv|ccs, Con|rec|s & |rocurcmcn|
Venecmcn| Scrv|ccs, Oue|||y Venecmcn| Scrv|ccs,
re|n|n & |cvc|opmcn| Scrv|ccs c|c.
Consu||ency \|n hes prov|oco ver|ous scrv|ccs |n
oomcs||c eno |n|crne||one| mer|c|s |n Gu|f coun|r|cs,
ben|eocsh, Sr||en|e eno bhu|en |||c prcpere||on of
|ces|c||||y |cpor| for ben|eocsh |ovcr |cvc|opmcn|
boero, ben|eocsh eno s||c sc|cc||on, s||c spcc|nc s|uo|cs
eno prcpere||on of |ces|c||||y |cpor| for |hc proposco
225O V\ r|ncome|cc Coe| |ovcr |rocc| e| Sr||en|e.
h|s \|n |s e|so prov|o|n O&V Venecmcn| Scrv|ccs |o
212O V\ S|ooh|ren |ce||n |ovcr ||en| of ||cc|r|c||y
Gcncre||on Compeny of ben|eocsh unocr e \or|o ben|
funoco con|rec|.
On |hc oomcs||c fron| |oo, Consu||ency \|n hes cccn
cffcc||vc|y sher|n ||s cxpcr||sc v||h scvcre| povcr u||||||cs.
11. FINANCING OF NEW PROJECTS
hc cepec||y eoo|||on prorems she|| cc nnencco v||h e
occ| |o cqu||y re||o of 7O:3O. /our o|rcc|ors cc||cvc |he|
|n|crne| eccrue|s of |hc Compeny vou|o cc sufnc|cn| |o
nnencc |hc cqu||y componcn| for |hc ncv procc|s. G|vcn
||s |ov cerco cep||e| s|ruc|urc eno s|ron crco|| re||ns,
your Compeny |s vc|| pos|||onco |o re|sc |hc rcqu|rco
corrov|ns.
/our Compeny |s cxp|or|n oomcs||c es vc|| es
|n|crne||one| corrov|n op||ons |nc|uo|n ovcrsces
ocvc|opmcn| ess|s|encc prov|oco cy c||e|cre| ecnc|cs
|o moc|||zc |hc occ| rcqu|rco for |hc p|ennco cepec||y
cxpens|on prorem.
|ur|n |hc ycer 2O12-13, |crm |oen erccmcn|s of
` o,97O crorc vcrc cn|crco |n|o |nc|uo|n |oen erccmcn|
of ` 2,OOO crorc cxccu|co v||h 0n|on ben| of lno|e eno
|oen erccmcn| of ` oOO crorc cxccu|co v||h !&| ben|
||m||co. hc cumu|e||vc emoun| of oomcs||c |oens ||co
up |||| Verch 31, 2O13 ves ` 59,o99.35 crorc ,cxc|uo|n
unorevn |oens shor|-c|osco es pcr erccmcn|s).
/our Compeny hes e|so ||co-up 0S| 75O m||||on from
|n|crne||one| occ| mer|c|s |hrouh forc|n currcncy no|cs
eno |crm |oen.
hc cono offcr|n of |hc Compeny rccc|vco s|ron
|nvcs|or rcsponsc.
12. FIXED DEPOSITS
hc cumu|e||vc ocpos||s rccc|vco cy your Compeny from
98 ocpos||ors es e| Verch 31, 2O13 s|ooo e| ` O.o3 crorc.
|ur|hcr, en emoun| of ` O.1o crorc hes no| cccn c|e|mco
on me|ur||y cy 9 ocpos||ors es on Verch 31, 2O13.
/our Compeny hes o|scon||nuco |hc ecccp|encc of frcsh
ocpos||s eno rcncve|s of ocpos||s unocr ||C's |uc||c
|cpos|| Schcmc v||h cffcc| from 11.O5.2O13.
13. FUEL SECURITY
13.1 |ur|n |hc ycer, |hc supp|y pos|||on of coe| eno es |s
|vcn es unocr:
13.1.1 Coal Supplies
/our Compeny hes |uc| Supp|y /rccmcn|s ,|S/) |n
p|ecc for 2O ycers for 23,895 V\ un||s comm|ss|onco ||||
31.O3.2OO9. /our Compeny hes s|nco |n-pr|nc|p|c |S/s
for ||C eno ||s !vs v||h Coe| lno|e ||m||co for 14,O1O
V\ on 17.O7.2O13. |ovcvcr, oc|e||co |S/s erc s|nco
for 4,7oO V\ ||C S|e||ons eno 2,25O V\ for ||C !v
s|e||ons. |ur|hcr, oc|e||co |S/s v||| cc s|nco for ce|encc
cepec||y 4,8oO for ||C s|e||ons eno 2,14O V\ for ||C
!v s|e||ons shor||y.
/our Compeny hes oc|e|nco |c||cr of /ssurencc from
|es|crn Coe|nc|os ||m||co for supp|y of O.4 VV of coe|
for bone|eon ,225OV\).
hc Compeny hes e|so ||co up coe| supp|y |hrouh
c||e|cre| VO0 for O.3 VV coe| for |ere||e v||h ||C eno
for 4.O VV v||h SCC| for |emunoem eno S|mheor| e| e
mu|ue||y nco||e|co pr|cc. hc |o|e| coe| supp|y |hrouh
c||e|cre| VO0 our|n 2O12-13 ves 3.122 VV.
37
th
37
th
th
13.1.2 Domestic Coal and Imported Coal
|ur|n 2O12-13, your Compeny rccc|vco 155 VV of coe|
es ee|ns| 141 VV |n 2O11-12 mer||n en |ncrcesc of 1O%.
o|e| oomcs||c coe| supp|y our|n 2O12-13 ves 145.9
VV es ee|ns| 129 VV our|n 2O11-12.
hc |o|e| coe| supp|y from Cl| ves 132.oVV eno from
SCC| ves 13.3 VV.
|ur|n 2O12-13, your Compeny |mpor|co 9.1 VV of coe|
es ee|ns| 12 VV |n 2O11-12.
13.1.3 Sourcing of coal through E-auction
|or supp|cmcn||n |hc coe| supp|y e| e fcv cr|||ce| s|e||ons
|.c. S|pe|, S|mheor|, 0ncheher, |eor| eno Vouoe, your
Compeny rccc|vco 2.28 VV of coe| |hrouh |-euc||on.
13.2 Gas supplies
|ur|n 2O12-13, your Compeny rccc|vco 1O.o7 VVSCV|
of es eno |||G es ee|ns| 13.O9 VVSCV| rccc|vco
our|n 2O11-12. hc es off-|e|c |n 2O12-13 |nc|uocs 8.77
VVSCV| of es eno 1.9O VVSCV| of |||G. Ges off|e|c
ves |css ouc |o |css eve||ec||||y of cncre||on schcou|c
from |hc ccncnc|ery s|e|cs.
/our Compeny hes /|V es erccmcn|s up |o |hc ycer
2O21 eno |V es erccmcn|s up |o |hc ycer 2O19 for ||s
es s|e||ons. hc |on-|crm |||G supp|y erccmcn| v||h
G/l| |s ve||o |||| 2O19 eno |hc |crm shcc| for non-/|V es
v||h G/l| |s ve||o |||| 2O1o. |ur|hcr, ou| of 4.4o VVSCV|
of |G-|o es e||oce|co cy Govcrnmcn| of lno|e for |C|
es s|e||ons, v|z. /n|e, /ure|ye, |eor| eno |er|oeceo,
2.3O VVSCV| hes e|rceoy cccn ||co up. hc ||c-up of
ce|encc 2.1o VVSCV| |G |o es |s unocr o|scuss|ons.
|ovcvcr, |hc es supp||cs from |G |o nc|os hevc cccn
con||nuous|y occrces|n. /s pcr |mpovcrco Group
of V|n|s|cr/ VO|&|G o|rcc||vc |o supp|y |G |o es es
pcr scc|ore| pr|or||y ces|s, |hc supp||cs |o |ovcr Scc|or
,|nc|uo|n ||C s|e||ons) hevc rcoucco |o ||| from
Verch 2O13.
/our Compeny hes cccn me||n errencmcn|s for ||c-up
eno supp|y of spo| |||G or |e||cec| |||G from oomcs||c
supp||crs on 'rcesonec|c cnocevour' ces|s cesco on
rcqu|rcmcn| eno eve||ec||||y from ||mc |o ||mc.
13.3 Development of Coal Mining projects
/our Compeny ves e||oce|co s|x coe| c|oc|s cy |hc
Govcrnmcn| of lno|e nemc|y |e|r|-berveo|h, Che|||-
ber|e|u, |crenoer|, e|e|pe|||, |u|ene eno Che|||-ber|e|u
,Sou|h) v||h cs||me|co co|o|ce| rcscrvcs of ovcr 3
c||||on |onncs eno proouc||on of ecou| 53 m||||on |onncs
pcr ennum ,V|/).
V|n|s|ry of Coe|, |hrouh |c||cr oe|co 23.O1.2O13, hes
v||horevn oc-e||oce||on of Che|||-ber|e|u, |crcnoer|
eno Che|||-ber|e|u ,Sou|h), vh|ch vcrc oc-e||oce|co
on 14.Oo.2O11 eno |hcsc coe| c|oc|s hevc cccn rcs|orco
|o ||C.
|cvc|opmcn| ec||v|||cs erc |n eovencco s|ec |n e|| coe|
c|oc|s cxccp| |n Che|||-ber|e|u ,Sou|h), |oce|co |n o|p
s|oc of Che|||-ber|e|u, vh|ch v||| cc ocvc|opco e| |hc
cno of m|n|n of Che|||-ber|e|u. V|n|n ||ens hevc cccn
epprovco cy V|n|s|ry of Coe| for e|| of |hcsc coe| c|oc|s,
cxccp| for Che|||-ber|e|u ,Sou|h). /|| no||nce||ons for
m|n|n erce |eno eno Soc|o-|conom|c Survcys hevc cccn
comp|c|co for e|| |hcsc coe| c|oc|s.
Govcrnmcn| of !her|heno hes epprovco |hc |&| p|en eno
ennu||y schcmc for |e|r|-berveo|h coe| c|oc| |n |ccruery
2O13. |chec||||e||on /c||on ||en for |e|r|-berveo|h, Che|||-
ber|e|u, |crenoer| eno e|e|pe||| coe| c|oc|s hevc cccn
epprovco cy |hc boero of your Compeny eno peymcn| of
|eno compcnse||on |o procc| effcc|co fem|||cs |s unocr
prorcss.
V|n|s|ry of |nv|ronmcn| & |orcs|s, Gov|. of lno|e ,VO||)
hes eccoroco cnv|ronmcn| c|cerencc for |e|r|-berveo|h,
Che|||-ber|e|u, |crenoer| eno e|e|pe||| Coe| c|oc|s. ln-
pr|nc|p|c cnv|ronmcn| c|cerencc hes cccn rccc|vco
from VO|| for |u|ene coe| c|oc| eno nne| cnv|ronmcn|
c|cerencc v||| cc |ssuco ef|cr S|ec-l forcs| c|cerencc.
VO|| heo eccoroco S|ec-l & S|ec-ll forcs| c|cerenccs
for |e|r|-berveo|h eno Che|||-ber|e|u coe| c|oc|s eno
S|ec-l forcs| c|cerencc for |crenoer| eno e|e|pe||| coe|
c|oc|s.
|orcs| c|cerencc propose| for |u|ene coe| c|oc| |s unocr
cons|ocre||on e| VO||. Cons|ruc||on of |&| Co|ony,
C||, Suc-S|e||on, |e||vey S|o|n, c|c. hevc commcncco
|n |e|r|-berveo|h coe| c|oc|. V|nc |cvc|opcr-cum-
Opcre|or ,V|O) hes cccn eppo|n|co |n |e|r|-berveo|h,
Che||| ber|e|u eno e|e|pe||| coe| c|oc|s.
ln eoo|||on |o |hc ecovc coe| c|oc|s, V|n|s|ry of Coe|
hes convcyco |n-pr|nc|p|c epprove| for e||o|mcn| of
morc coe| c|oc|s |o ||C |n ||cu of coe| ||n|ecs for |hc
fo||ov|n ncv procc|s:
,|) |uo| ,2,4OOV\)
,||) Gemere ,1,oOOV\)
,|||) berc|h| ,3,9oO V\)
,|v) 0ncheher S|ec-lv ,5OO V\)
V|n|s|ry of Coe| hes e||o||co four coe| c|oc|s on O3.O7.2O13
ou| of s|x coe| c|oc|s epp||co for. hc cs||me|co
co|o|ce| rcscrvcs for |hcsc c|oc|s erc cs||me|co |o cc 2
V||||on |oncs es ||s|co cc|ov:
,|) bhe|umuoe, Che|||serh ,55O V)
,||) bene|, Che|||serh ,o29 V)
,|||) Chenorec||e, Oo|she ,55O V)
,|v) |uoene||- |ucur|, Oo|she ,2oo V)
|orme| |c||cr rcero|n e||o|mcn| of coe| c|oc|s from
V|n|s|ry of Coe| |s |||c|y |o cc rccc|vco shor||y.
13.4 Other initiatives for securing coal supply
o |cvcrec |hc s|rcn|h of cs|ec||shco p|eycrs |n m|n|n
eno rc|e|co erces, your Compeny hes formco |hc fo||ov|n
!o|n| vcn|urc Compen|cs:
37
th
Name of
Company
JV
Partners
Purpose
Cl| ||C 0re |v|.
||o.*
Coe| lno|e
||o.
|or unocr|e||n |hc
|cvc|opmcn|, O&V of
brehm|n| eno Ch|chro
|e|s|me| coe| c|oc|s
eno ln|cre|co |ovcr
|rocc|,s).
||C SCC|
G|oce| vcn|urcs
|v|. ||o.
S|nercn|
Co|||cr|cs
Compeny
||o.
|or unocr|e||n
ocvc|opmcn| eno O&V
of coe| b|oc|s |n lno|e
eno ecroeo.
h|s Compeny hes cccn
eppo|n|co es V|O for
e|e|pe||| Coe| b|oc|.
ln|crne||one| Coe|
vcn|urcs |r|ve|c
||m||co**
S/l|, Cl|,
|l|| eno
|V|C
|or cxp|or|n ver|ous
oppor|un|||cs |n
/us|re||e, Vozemc|quc,
Ceneoe, lnooncs|e eno
0S/ for ecqu|s|||on of
s|e|c |n co||n coe| eno
|hcrme| coe| m|ncs
*ln cesc of brehm|n| eno Ch|chro-|e|s|me| coe| c|oc|s,
e||oce|co |o Cl| ||C 0re |r|ve|c ||m||co, V|n|s|ry of
Coe| heo oc-e||oce|co |hcsc c|oc|s for oc|ey |n |hc|r
ocvc|opmcn| |houh |hcrc ves no schcou|c s||pu|e|co |n
|hc e||o|mcn| |c||cr. /our Compeny hes |e|cn up |hc me||cr
v||h |hc V|n|s|ry of Coe| for v||horeve| of oc-e||oce||on.
**hc boero of ||C hes eccoroco epprove| |o cx|| from
ln|crne||one| Coe| vcn|urcs |r|ve|c ||m||co. /pprove| of
V|n|s|ry of |ovcr pcrm||||n ||C |o cx|| from lCv| hes
cccn rccc|vco. lCv| |s pursu|n v||h Cec|nc| for epprove|
of cx|| of ||C ou| of ||.
13.5 Exploration Activities
ln Cemcey cxp|ore||on c|oc| e||o||co unocr ||||-
vlll, hc|o cy ||C es opcre|or v||h 1OO% per||c|pe||n
|n|crcs|, 3| Sc|sm|c |e|e /cqu|s|||on hes cccn comp|c|co
eno proccss|n eno |n|crprc|e||on of oe|e |s |n prorcss.
besco on |hc rcsu||s, cxp|ore|ory or||||n of vc||s she|| cc
p|ennco.
ln |hc o|hcr |hrcc c|oc|s, |n cech of vh|ch ||C hes 1O%
per||c|pe||n |n|crcs| eno O|GC |s opcre|or, cxp|ore||on
ec||v|||cs erc |n prorcss.
14. BUSINESS EXCELLENCE: GLOBAL BENCHMARKING
ln pursu|| of ec|ue||z|n our v|s|on eno v||h e v|cv |o
ech|cvc h|hcr |cvc|s of cxcc||cncc, your Compeny
hes ocvc|opco eno eoop|co ||s ovn '||C bus|ncss
|xcc||cncc Vooc|' on |hc ||ncs of |oce||y rcpu|co
|xcc||cncc Vooc|s such es Ve|com be|or|c Vooc|, 0S/
eno ||OV Vooc| of |uropc.
h|s mooc| hes cccn ocp|oyco e| our bus|ncss 0n||s
,S|e||ons) eno vc cerry ou| esscssmcn| of cncre||n
s|e||ons us|n |h|s fremcvor| of cxcc||cncc.
hc esscssmcn| proccss |s e|mco e| |ocn||fy|n |hc erces
for cnhenc|n s|e|cho|ocr cnecmcn|, eccc|cre||n
cr|||ce| proccsscs eno ocvc|op|n |ceocrsh|p po|cn||e|.
hc ou|comcs of |h|s mooc| erc oren|ze||one| s|rcn|hs,
oppor|un|||cs for |mprovcmcn|, |ssucs of conccrn eno
ccs| prec||ccs.
ln |hc nnenc|e| ycer 2O12-13, |hc 3
ro
cyc|c of esscssmcn|
ves comp|c|co. hc s|e||ons ren||n h|h on cxcc||cncc
|cvc| |||c |orce, e|chcr-hcrme| eno |er|oeceo vcrc
everoco cy |onourec|c 0n|on V|n|s|cr of S|e|c ,l/c) for
|ovcr.
/s e ncx| s|cp on |hc !ourncy of |xcc||cncc, your
Compeny |s |mp|cmcn||n bus|ncss be|encco Scorccero
cep|ur|n propcr me|r|ccs |o cnhencc ovcre|| s|re|c|c
focus eno spcco.
O|hcr OV |n|||e||vcs eno |cchn|qucs |||c Oue|||y C|rc|cs,
|rofcss|one| C|rc|cs, 5S, |n|cre|co menecmcn| sys|cm
,lVS) c|c hevc cccn ocp|oyco ecross |hc oren|ze||on
for con||nuous |mprovcmcn|. Our Oue|||y C|rc|c |cems
of vor|mcn hevc cccn cons|s|cn||y rcprcscn||n ||C e|
ne||one| eno |n|crne||one| Oue|||y C|rc|c convcn||ons eno
cr|n|n meny |eurc|s. ln |hc ycer 2O12-13, '|reyes' Oue|||y
C|rc|c |cem from e|chcr-hcrme| ceco 'Go|o' evero e|
|hc ln|crne||one| Oue|||y Con|ro| C|rc|cs Convcn||on hc|o
e| |ue|e|umpur, Ve|eys|e.
15. RENOVATION & MODERNISATION
15.1 Need for R&M:
ln |hc prcscn| sccner|o of scvcrc rcsourcc cons|re|n|,
|cnove||on eno Voocrn|ze||on ,|&V) of povcr p|en|s |s
cons|ocrco |o cc |hc ccs| op||on for cr|o|n |hc ep
cc|vccn ocmeno eno supp|y of povcr es |&V schcmcs
erc cos| cffcc||vc. l| |ncrcescs |hc cepec||y eno cnsurcs
sefc, rc||ec|c eno cconom|c c|cc|r|c||y proouc||on cy
rcp|eccmcn| of vorn-ou|, oc|cr|ore|co or ocso|c|c
c|cc|r|ce|, mcchen|ce|, |ns|rumcn|e||on, con|ro|s eno
pro|cc||on sys|cm cy s|e|c-of-|hc-er| cqu|pmcn|.
o |h|s cno, rcnove||ons erc cc|n cerr|co ou| for
|hc purposc of ||fc cx|cns|on of un||s, pcrformencc
|mprovcmcn|s, cepec||y cnhenccmcn|, eve||ec||||y
|mprovcmcn| eno |mprovco cnv|ronmcn| comp||encc.
/our Compeny comp|c|co 7o1 ou| of 1,1O9 schcmcs of
|&V, v||h e cumu|e||vc cxpcno||urc of ` 3,15O crorc up|o
31
s|
Verch, 2O13.
ln ycer 2O12-13, |nvcs|mcn| epprove|s vcrc eccoroco for
||fc cx|cns|on of S|ec-l un||s of |emeunoem eno |ocre
eno |hcrcef|cr, |nvcs|mcn| epprove| for ||fc cx|cns|on of
S|nreu|| S|ec-l hes e|so cccn eccoroco.
\||h e v|cv |o comp|y v||h |ncrces|n|y s|r|ncn|
cnv|ronmcn| norms prcscr|cco cy S|e|c |o||u||on Con|ro|
boeros, |cnocr|n |s on for |cnove||on eno |c|ron|||n of
||cc|ros|e||c |rcc|p||e|or ,|S|) |n s|e||ons |||c S|nreu|| - l
& ll, |ere||e - l, 0ncheher - l, e|chcr S|S S|ec-ll c|c. \||h
|hc semc occc||vc, |mp|cmcn|e||on of rcnove||n of |S| |s
e|rceoy |n prorcss e| beoerpur |S ,2x21O V\).
/veros vcrc p|ecco our|n |hc ycer 2O12-13 for
|cnove||on of |S| |n |orce - l & ll, ||heno - l, v|nohyeche|
- l & ll, e|chcr S|S, beoerpur |S eno e|chcr |S-ll.
16. VIGILANCE
16.1 Vigilance Mechanism:
/our Compeny cnsurcs |renspercncy, occc||v||y eno
que|||y of occ|s|on me||n |n ||s opcre||ons eno |o mon||or
|hc semc, |hc Compeny hes e v|||encc |cper|mcn|
hceoco cy Ch|cf v|||encc Ofnccr, e nom|ncc of Ccn|re|
v|||encc Comm|ss|on. hc CvO rcpor|s |o |hc Ccn|re|
v|||encc Comm|ss|on.
37
th
37
th
th
hc four un||s of v|||encc |cper|mcn| nemc|y Corpore|c
v|||encc Cc||, |cper|mcn|e| |roccco|n Cc|| ,|l|C), VlS
Cc|| eno cchn|ce| Cc|| ,C) oce| v||h ver|ous fecc|s of
v|||encc mcchen|sm. hc v|||encc |cper|mcn| sucm||s
||s rcpor| |o |hc Compc|cn| /u|hor||y eno e|so |o |hc
boero of ||rcc|ors.
/our Compeny hes meoc || menoe|ory for e|| |hc procc|s
eno s|e||ons |o evero |hc pec|ecs ecovc ` 15 |ec
|hrouh c-procurcmcn|. /s pcr |hc o|rcc||vc of |O|/
VO|, |hc propcr|y rc|urns of e|| |hc cxccu||vcs hevc cccn
puc||shco on ||C \ccs||c.
16.2 Workshops and Vigilance Awareness Week
|rcvcn||vc v|||encc \or|shops erc cc|n conouc|co
cvcry ycer |o scns|||zc cmp|oyccs ecou| |O's eno |O|'s
|n vor| erces eno |hc|r ro|c |n prcvcn||n corrup||on.
|ur|n |hc v|||encc /vercncss \cc|, e compcno|um
of c|rcu|ers eno e |enocoo| on |rcvcn||vc v|||encc eno
Cesc S|uo|cs vcrc e|so |ssuco.
16.3 Implementation of Integrity Pact
/our Compeny |s comm|||co |o hevc |o|e| |renspercncy
|o ||s cus|ncss proccsscs eno es e s|cp |n |h|s o|rcc||on,
|| s|nco e Vcmorenoum of 0nocrs|eno|n v||h
renspercncy ln|crne||one| lno|e |n |cccmccr, 2OO8. hc
ln|cr||y |ec| |s cc|n |mp|cmcn|co for e|| con|rec|s hev|n
ve|uc cxccco|n ` 1O crorc. vo lnocpcnocn| |x|crne|
Von||ors hevc cccn nom|ne|co cy |hc Ccn|re| v|||encc
Comm|ss|on for e|| con|rec|s v||h ve|uc cxccco|n ` 1OO
crorc.
16.4 Implementation of Fraud Prevention Policy
hc |reuo |rcvcn||on |o||cy hes cccn formu|e|co eno
|mp|cmcn|co |n your Compeny s|ncc 2OOo. hc cescs
rcfcrrco cy |hc nooe| ofnccrs erc cc|n |nvcs||e|co
|mmco|e|c|y |o evo|o freuou|cn| cchev|ors es ocnnco |n
|hc |reuo |rcvcn||on |o||cy.
17. HUMAN RESOURCE MANAGEMENT
17.1 /our Compeny |e|cs pr|oc |n ||s h|h|y mo||ve|co eno
compc|cn| humen rcsourcc |he| hes con|r|cu|co ||s
ccs| |o cr|n |hc Compeny |o ||s prcscn| hc|h|s. hc
proouc||v||y of cmp|oyccs |s ocmons|re|co cy |ncrcesc
|n cncre||on pcr cmp|oycc eno cons|s|cn| rcouc||on of
Ven-V\ re||o ycer ef|cr ycer. hc ovcr-e|| Ven-V\ re||o
for |hc ycer 2O12-13 cxc|uo|n !v/sucs|o|ery cepec||y
|s O.o7 eno O.o2 |nc|uo|n cepec||y of !v/ Sucs|o|ery.
Gcncre||on pcr cmp|oycc ves 9.72 V0s our|n |hc ycer
cesco on cncre||on of ||C s|e||ons.
Year
M
a
n
:
M
W

R
a
t
i
o
12
10
8
6
4
2
0
1
0.8
0.6
0.4
0.2
0
0.91 0.91 0.91
0.87 0.85
0.82
0.77
0.74
0.67
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13
7.43 7.81 7.99 8.48 8.75 9.22 9.27 9.25 9.72
G
e
n
.
/
E
m
p
l
o
y
e
e

(
M
U
)
Gen./Employee (MU) Man:MW Ratio
hc |o|e| cmp|oycc s|rcn|h of your Compeny s|ooo e|
25,484 es on 31.3.2O13 ee|ns| 25,511 es on 31.3.2O12.
Fiscal 2013 Fiscal 2012
NTPC
|umccr of cmp|oyccs 23,8o5 24,O11
Subsidiaries & Joint Ventures
|mp|oyccs of ||C
|n Sucs|o|er|cs & !o|n|
vcn|urcs
1,o19 1,5OO
Total employees 25,484 25,511
hc e||r|||on re|c of |hc ||C cxccu||vcs ,|nc|uo|n
|xccu||vc re|nccs eno |hosc pos|co |n Sucs|o|er|cs eno
!vs) our|n |hc ycer ves 1.4o%.
17.2 Employee Relations
hc Compeny |e|cs pr|oc |n ||s rce|cs| rcsourcc eno
essc|, |hc cmp|oyccs. hc humen rcsourcc hes cccn
|hc cec|conc of |hc Compeny, |n or|v|n opcre||one|
eno nnenc|e| pcrformencc. /s e comm||mcn| |overos
|hc Compeny's corc ve|ucs, |mp|oyccs' |er||c|pe||on |n
Venecmcn| ves cffcc|ue||zco cesco on mu|ue| rcspcc|,
|rus| eno e fcc||n of cc|n e prorcss|vc per|ncr |n rov|h
eno succcss. Commun|ce||on mcc||ns v||h un|ons eno
essoc|e||ons, vor|shop on proouc||on eno proouc||v||y,
c|c vcrc conouc|co e| procc|s, rc|ons eno corpore|c
|cvc| our|n |hc ycer.
bo|h, cmp|oyccs eno menecmcn| comp|cmcn|co cech
o|hcr's cffor|s |n fur|hcr|n |hc |n|crcs| of |hc Compeny es
vc|| es ||s s|e|cho|ocrs, s|n|fy|n eno h|h||h||n ovcr-e||
hermony eno coro|e| cmp|oycc rc|e||ons prcve|cn| |n |hc
Compeny.
17.3 Safety and Security
||C rccon|zcs eno ecccp|s ||s rcspons|c||||y for
cs|ec||sh|n eno me|n|e|n|n e sefc vor||n cnv|ronmcn|
for e|| ||s cmp|oyccs eno essoc|e|cs. Occupe||one| hce||h
eno sefc|y e| vor|p|ecc |s onc of |hc pr|mc conccrns of
||C Venecmcn| eno u|mos| |mpor|encc |s |vcn |o
prov|oc sefc vor||n cnv|ronmcn| eno |ncu|ce|c sefc|y
evercncss emon |hc cmp|oyccs. hc Compeny |e|cs e||
such s|cps vh|ch erc rcesonec|y prec||cec|c |o cnsurc
ccs| poss|c|c cono|||ons of vor|. ||C hes e 3-||cr
s|ruc|urc for occupe||one| hce||h eno sefc|y menecmcn|,
nemc|y e| s||c e| |c|one| |ceoquer|crs eno e| Corpore|c
Ccn|rc.
/|| our s|e||ons erc ccr||nco v||h O|S/S-18OO1/lS-18OO1.
|cu|er p|en| |nspcc||on eno rcv|cv v||h |ceo of |rocc|,
|n|crne| sefc|y euo||s cy our ovn sefc|y ofnccrs of ver|ous
s||cs eno cx|crne| sefc|y euo||s cy rcpu|co oren|ze||ons
erc cerr|co ou| e| cech s||c cvcry ycer. |ccommcnoe||ons
of euo||ors erc rcu|er|y rcv|cvco eno comp||co v||h.
Cross |unc||one| Sefc|y |es| forcc for O&V eno
cons|ruc||on procc|s erc func||one| e| e|| s||c |o mon||or
unsefc vor||n cono|||ons e| s||c eno ||s rcc||nce||on.
|c|h| pcrm|| eno hc|h| chcc| ||s| erc |mp|cmcn|co
|o cnsurc sefc|y of vor|crs vh||c vor||n e| hc|h|.
/ocque|c numccrs of que||nco sefc|y ofnccrs erc pos|co
e| e|| un||s es pcr s|e|u|ory ru|cs eno prov|s|ons |o |oo|
ef|cr sefc|y of pcop|c eno propcr|y.
37
th
|or s|r|c| comp||encc eno cnforccmcn| of sefc|y norms
eno prec||ccs, sefc|y c|euscs erc |nc|uoco |n Gcncre|
Cono|||ons of Con|rec|.
o m|||e|c on-s||c cmcrcnc|cs e| e|| opcre||n s|e||ons,
cffcc||vc cn|nccr|n con|ro|s erc prov|oco |o |no|ce|c
eno heno|c cmcrcncy s||ue||on. |c|e||co cmcrcncy
p|ens hevc cccn ocvc|opco eno rcspons|c|||||cs erc
ess|nco |o cech conccrnco |o heno|c cmcrcncy
s||ue||ons. Voc| or|||s erc conouc|co rcu|er|y |o chcc|
hce||h|ncss of |hc sys|cm.
hrouh our con||nuous cffor|s |n sefcuero|n |hc
cmp|oyccs, ecc|ocn|s hevc comc oovn es comperco
|o |es| ycer. Veny of our p|en|s hevc cccn everoco v||h
prcs|||ous sefc|y everos cy ver|ous lns|||u||ons eno
boo|cs |||c V|n|s|ry of |ecour & |mp|oymcn|, Gov|. of
lno|e, |e||one| Sefc|y Counc|| eno lns|||u||on of |n|nccrs
|n rccon|||on of |mp|cmcn||n |nnove||vc sefc|y
proccourcs eno prec||ccs.
Concrc|c s|cps erc cc|n |e|cn for upreo|n survc|||encc
sys|cms e| e|| of our procc|s/ s|e||ons cy |ns|e|||n s|e|c-of-
|hc-er| sccur||y sys|cms. Sccur||y eno Cooro|ne||on Group
|n|crec| v||h V|/, lb eno ClS| es vc|| es |hc S|e|c/ ||s|r|c|
|cvc| eu|hor|||cs |o eumcn| |hc sccur||y prcperconcss |n
our cs|ec||shmcn|/ povcr |ns|e||e||ons.
17.4 Training and Development
ln ||nc v||h ||s occc||vc of cc|n e |cern|n oren|ze||on,
your Compeny hes con||nuous|y promo|co |re|n|n eno
ocvc|opmcn| of no| on|y ||s ovn cmp|oyccs cu| e|so
o|hcr profcss|one|s of |hc povcr scc|or. ln |h|s cffor|,
your Compeny hes cnocevorco |o con||nuous|y upreoc
|hc |re|n|n |nfres|ruc|urc of |ovcr Venecmcn| lns|||u|c
,|Vl) e| |hc corpore|c |cvc| es vc|| es |hc |mp|oycc
|cvc|opmcn| Ccn|crs e| |hc s||cs. hc |re|n|n |mper|co
|s |n |unc v||h cmcr|n nccos |n o|vcrsc erces |||c
nuc|cer povcr, coe|-m|n|n, hyoro-povcr, supcr-cr|||ce|
|cchno|oy, rcncvec|c cncry c|c. eno for |h|s purposc
somc ncv proremmcrs erc |nc|uoco |n |hc ennue|
ce|cnoer cvcry ycer. /per| from |h|s, |hc usue| prorems
|nc|uoc |op|cs on menecmcn|, povcr s|e||on opcre||on
& me|n|cnencc, procc| cons|ruc||on, crcc||on eno
comm|ss|on|n eno |nforme||on |cchno|oy.
0nocr |hc on-o|n schcmc of s|rcn|hcn|n |hc
lnous|r|e| re|n|n lns|||u|cs ,lls) ecross |hc coun|ry, your
Compeny hes |e|cn |hc |n|||e||vc of eoop||n lls ncer ||s
povcr cncre||n s|e||ons eno e |o|e| of 17 lls hevc cccn
eoop|co unocr |h|s schcmc |||| 31.O3.2O12. h|s ec||v||y |s
cc|n cooro|ne|co |hrouh |Vl vh|ch |s e|so fec||||e||n
|hc cons|ruc||on of n|nc ncv lls vhcrc ncv procc|s erc
com|n up. hrouh |h|s |n|||e||vc, |Vl hes crce|co 1,533
cx|re sce|s cy vey of s|er||n ncv |reocs/ un||s |n |hcsc
lls.
|ur|n 2O12-13, your Compeny oren|zco e numccr of
|re|n|n proremmcs |n povcr eno cncry rc|e|co erces.
|Vl conouc|co 397 |re|n|n proremmcs our|n 2O12-13
v||h e per||c|pen| cesc of 8,938. hc |re|n|n menoeys
c|oc|co vcrc 47,935.
|Vl, for |hc nrs| ||mc, conouc|co en e||-vomcn |re|n|n
proremmc ||||co '|c|'s Chcr|sh \omenhooo' on |hc
|ssucs eno che||cncs of vomcn cxccu||vcs |n mene|n
homc eno ofncc |oc|hcr.
l| e|so |oo| |hc |n|||e||vc of |e||n |re|n|n proremmcs |o
|hc ooors|cp of |hc s||c cmp|oyccs.
ln co||ecore||on v||h CC-l roup eno Ccn||||
ocper|mcn|, |fnc|cncy Ovcrv|cv eno |crform /ch|cvc
eno reoc ,|/) |c|s|e||on' proremmc ves |eunchco
|hrouh \cc Confcrcnc|n.
ln orocr |o promo|c ho||s||c vc||-cc|n of cmp|oyccs eno
|hc|r fem|||cs, |ren|c |ce||n ves s|er|co |hrouh |o||s||c
\c||ncss |ounoe||on unocr |hc ec|s of 'Snche|', e |ce||n
eno Crce||v||y Ccn|rc e| |Vl.
18. SUSTAINABLE DEVELOPMENT
Sus|e|nec||||y |s en oppor|un||y for cus|ncss |o |mprovc
||s pron|ec||||y, compc||||vcncss eno mer|c| sherc v||hou|
comprom|s|n |hc ec||||y of fu|urc cncre||ons |o mcc|
|hc|r ovn nccos. hc sus|e|nec||||y ecnoe of your
Compeny eoorcsscs e|| espcc|s rc|e|co |o sus|e|nec|c
ocvc|opmcn| eno promo|c cnv|ronmcn|e| menecmcn|,
soc|e| rcspons|c||||y eno cconom|c pcrformencc ,|r|p|c
co||om ||nc epproech).
/our Compeny |s e mcmccr of ||l bus|ncss Counc||
for Sus|e|nec|c |cvc|opmcn| lno|e ,||l-bCS|)', |hc
lno|en per|ncr of |hc \bCS| ,\or|o bus|ncss Counc|| for
Sus|e|nec|c |cvc|opmcn|), Gcncve, eno e|so e mcmccr
of 0n||co |e||on's G|oce| Compec|.
S|bl, |hrouh ||s C|rcu|er Cl|/C||/|l|/8/2O12 oe|co /uus|
13, 2O12, menoe|co |hc |op 1OO ||s|co cn||||cs cesco on
mer|c| cep||e||ze||on e| bS| eno |S|, |o |nc|uoc bus|ncss
|cspons|c||||y |cpor| es e per| of |hc /nnue| |cpor|
ocscr|c|n |hc |n|||e||vcs |e|cn cy |hc Compeny from
|nv|ronmcn|e|, Soc|e| eno Govcrnencc pcrspcc||vc.
Accordingly, a Business Responsibility Report is
attached as Annex-X and forms part of the Annual
Report.
Initiatives by the Company
/our Compeny hes ocvc|opco e |o||cy on Sus|e|nec|c
|cvc|opmcn| |n eccoroencc v||h vh|ch e sus|e|nec|c
ocvc|opmcn| p|en ves prcperco for |hc ycer 2O12-13.
Veor ec||v|||cs cerr|co ou| unocr |h|s p|en |nc|uoco
p|en|e||on of morc |hen 2 |ec sep||ns |n eno erouno
||C p|en|s, rcouc||on of per||cu|e|c me||cr cm|ss|ons
e| |vo s|e||ons |hrouh nuc es cono|||on|n, |ns|e||e||on
of nuc es cono|||on|n sys|cm e| onc morc s|e||on eno
|ns|e||e||on of c|o-mc|henc p|en|s |o |rce| c|oocreoec|c
ves|c eno cncre|c c|o-es for usc |n ucs| housc /
cen|ccn |||chcns. / |o|e| cxpcno||urc of ` 1O.18 crorc
ves |ncurrco on |hcsc Sus|e|nec|c |cvc|opmcn| |rocc|s
our|n |hc ||nenc|e| /cer 2O12-13.
|ur|n |hc ycer, your Compeny hes puc||shco ||s
Sus|e|nec||||y |cpor| 2O11-12' |n ||nc v||h |hc
|n|crne||one||y ecccp|co G|oce| |cpor||n ln|||e||vc
,G|l)' Gu|oc||ncs eno |hc rcpor| hes cccn ou|y essurco
cy en |nocpcnocn| cx|crne| essurencc prov|ocr es pcr
|n|crne||one| s|enoero.
ln ||s cnocevor |o ech|cvc |hc oe|s of Sus|e|nec|c
|cvc|opmcn|, your Compeny |s eoorcss|n |hc |ssucs
|hrouh mu|||-pronco epproech es pcr |hc oc|e||s |vcn
cc|ov:
37
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37
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18.1 Inclusive Growth Initiatives for Social Growth
18.1.1 Corporate Social Responsibility:
/our Compeny hes e|veys o|scherco ||s soc|e|
rcspons|c||||y es e per| of ||s Corpore|c Govcrnencc
ph||osophy. l| fo||ovs |hc |oce| prec||cc of eoorcss|n
CS| |ssucs |n en |n|cre|co mu||| s|e|c-ho|ocr epproech
covcr|n |hc cnv|ronmcn|e| eno soc|e| espcc|s.
\||h e v|cv |o eoorcss |hc oome|ns of soc|o-cconom|c
|ssucs e| ne||one| |cvc|, || hes rcv|sco ||s Corpore|c Soc|e|
|cspons|c||||y Commun||y |cvc|opmcn| ,C|) |o||cy |n
||nc v||h |hc Gu|oc||ncs |ssuco cy |cper|mcn| of |uc||c
|n|crpr|scs, Gov|. of lno|e.
/our Compeny, cc|n e mcmccr of G|oce| Compec|
|c|vor|, lno|e, connrms ||s |nvo|vcmcn| |n ver|ous CS|
ec||v|||cs |n ||nc v||h 1O G|oce| Compec| pr|nc|p|cs eno
shercs ||s cxpcr|cncc v||h |hc rcprcscn|e||vcs of |hc
vor|o |hrouh Commun|ce||on on |rorcss'. l| sucm||s ||s
Commun|ce||on on |rorcss ,CO|) |o 0| G|oce| Compec|
on rcu|er ces|s. / rcpor| on prorcss meoc |n |h|s erce |s
cnc|osco e| /nncx- vlll |o |h|s |cpor|.
Expenditure incurred towards CSR Activities:
/ |o|e| cxpcno||urc of ` o9.24 crorc ves |ncurrco
|overos Corpore|c Soc|e| |cspons|c||||y cxpcnscs
our|n |hc ||nenc|e| /cer 2O12-13, vh|ch ves O.75%
,ee|ns| VO0 |erc| of O.5%) of |hc nc| pron| ef|cr |ex of
|hc prcv|ous ycer.
ln ||nc v||h rcv|sco u|oc||ncs on CS| eno Sus|e|nec||||y
|ssuco cy |||, your Compeny hes cnhencco e||oce||on for
CS| eno Sus|e|nec|c |cvc|opmcn| ec||v|||cs |o 1% of nc|
pron| ef|cr |ex of prcv|ous ycer v||h cffcc| from nnenc|e|
ycer 2O13-14.
Awards:
/our Compeny rccc|vco |lCCl /pprcc|e||on ||equc for
2O11-12, Go|ocn |cecoc| /vero for CS|, 2O12 eno
Grccn|cch /vero for CS| 2O12.
18.1.2 NTPC Foundation
||C |ounoe||on |s cneco |n scrv|n eno cmpovcr|n
|hc phys|ce||y che||cnco eno cconom|ce||y vce|cr
scc||ons of |hc soc|c|y.
ln|||e||vcs unocr|e|cn cy |hc Compeny erc covcrco unocr
/nncx-vll |o |h|s |cpor|.
18.1.3 Distributed Generation Power Projects
/our Compeny hes s|nco Vo0 v||h Sv|ss /cncy
for |cvc|opmcn| eno Coopcre||on for p|enn|n eno
|mp|cmcn||n |cncvec|c |ncry eno ||s|r|cu||on
Gcncre||on procc|s. hc me|n focus |s on |cchno|o|cs
|||c c|o-mess es|nce||on |nc|uo|n |vo s|ec es|ncr,
sme|| hyoro eno so|er cncry eno sus|e|nec||||y of |G
procc|s.
18.1.4 Rehabilitation & Resettlement (R&R)
/our Compeny |s comm|||co |o hc|p |hc pcop|c effcc|co
cy ||s procc|s eno hes cccn me||n e|| ||s cffor|s |o
|mprovc |hc soc|o-cconom|c s|e|us of |rocc| /ffcc|co
|crsons ,|/|s). ln orocr |o mcc| ||s soc|e| occc||vcs,
your Compeny |s focus|n on cffcc||vc |&| of |/|s eno
unocr|e||n commun||y ocvc|opmcn| ec||v|||cs |n eno
erouno |hc procc|s.
|eno eve||ec||||y for cu|| |cnocrco procc|s for vh|ch
evero ves p|ecco our|n |hc ycer ves cnsurco |hrouh
proec||vc rcorcsse| of |&| |ssucs.
|&| ec||v|||cs vcrc |mp|cmcn|co e| ncv Grccnnc|o/
crovnnc|o procc|s ef|cr nne||ze||on |n consu||e||on eno
per||c|pe||on of |hc s|e|cho|ocrs e| |uo|, |ere, enoe,
Geoervere, |heronc, berc|h|, |eor| eno Coe| V|n|n
procc|s. /| o|hcr |hcrme|, hyoro eno coe| m|n|n procc|s,
|||c berh, |o|oem, |orce, v|nohyeche|, Vouoe, So|epur,
bone|eon, epoven-v|shnueo, |e|r|-berveo|h, Che|||-
ber|e|u, |crenoer| eno e||pe||| procc|s, |&| ec||v|||cs
con||nuco |hrouhou| |hc ycer.
Soc|o-cconom|c Survcy ves comp|c|co for |er||pe|||,
berc|h|, |ere, Geoervere, |heronc, Che|||-ber|e|u ,Sou|h)
eno |huveren |rocc|s eno |s |n prorcss e| b||heur |rocc|s.
ln |hc erce of hce||h, your Compeny |s prov|o|n nnenc|e|
ess|s|encc for rcnove||on eno rcfurc|shmcn| of Sunoererh
||s|r|c| |osp||e|' |n Oo|she. Cepec||y cu||o|n/ s||||
upreoe||on eno |re|n|n ec||v|||cs |nc|uo|n |hosc |n
cons|ruc||on |reocs vcrc fec||||e|co eno comm||mcn|
for |hc per| con|r|cu||ons |overos cons|ruc||on of
|n|nccr|n Co||ccs e| |e|pur eno |e|erh, Che|||serh
ves meoc our|n |hc ycer.
18.2 Environment Management Initiatives for preserving
Environment
Vision Statement on Environment Management:
Go|n H|hcr on Gcncre||on, |ovcr|n GHG |n|cns||y'
/our Compeny |s pursu|n |hc occc||vc of cnv|ronmcn|
pro|cc||on es onc of ||s pr|mc rcspons|c|||||cs eno
focuscs ||s cffor|s |o m|||e|c |hc |mpec| of ||s opcre||on
on surrouno|n cnv|ronmcn|. /rouno 12-15% of |hc
procc| cos| |s spcn| on ver|ous cnv|ronmcn| pro|cc||on
cqu|pmcn|s. o mcc| |hc cnv|ronmcn|e| che||cncs of
21
s|
ccn|ury eno ccyono, |hc Compeny hes eoop|co
souno cnv|ronmcn| menecmcn| prec||ccs eno eovencco
cnv|ronmcn| pro|cc||on sys|cm |o m|n|m|zc |mpec| of
povcr cncre||on on cnv|ronmcn|.
/our Compeny hes eoop|co eovencco eno h|h
cfnc|cncy |cchno|o|cs such es supcr cr|||ce| co||crs
for |hc upcom|n rccn nc|o procc|s. hc Compeny |s
e|so ocs|n|n ||s up-com|n p|en|s |o usc ccncnc|e|co
coe| eno |mpor|co |ov esh coe|. hc ecovc mcesurcs
erc e|mco no| on|y |o ech|cvc rcouc||on |n po||u||on eno
m|n|m|zc usc of prcc|ous ne|ure| rcsourccs cu| e|so |o
|ceo |o rcouc||on of CO
2
cm|ss|ons pcr un|| of cncre||on
eno |hcrccy oce| v||h |hc |oce| verm|n.
18.2.1 Control of Air Emissions: ||h cfnc|cncy ||cc|ro-s|e||c
|rcc|p||e|ors ,|S|s) v||h cfnc|cncy of |hc orocr of 99.9%
eno ecovc, v||h eovencco con|ro| sys|cms hevc cccn
prov|oco |n e|| coe| cesco s|e||ons |o |ccp Suspcnoco
|er||cu|e|c Ve||cr ,S|V) cc|ov pcrm|ss|c|c ||m||s. /||
up-com|n ncv p|en|s erc cc|n prov|oco v||h |S|s
ocs|nco |n such e menncr |he| vou|o ce|cr |o |hc
en||c|pe|co fu|urc norms. |crformencc cnhenccmcn|
of |S|s opcre||n ovcr |hc ycers |s cc|n cerr|co ou| cy
eumcn|e||on of |S|s nc|os, rc|ron| of eovencco |S|
con|ro||crs eno eoop||on of souno O&V prec||ccs. ||uc
Ges Cono|||on|n sys|cm hes e|so cccn prov|oco e| our
o|o un||s vh|ch erc hc|p|n |n rcouc||on of S|V cm|ss|ons
37
th
cc|ov s|e|u|ory ||m||s. /|so, mess|vc |&V prorem |s
cc|n unocr|e|cn |o upreoc e|r po||u||on cqu|pmcn|s |o
rcoucc S|V cm|ss|ons.
|Ox con|ro| |n p|en|s |s ech|cvco cy con|ro|||n ||s
proouc||on cy eoop||n ccs| comcus||on prec||ccs.
S|ncc |e|| s|ec|s erc prov|oco |n coe| s|e||ons, SOx eno
|Ox cm|||co |hrouh s|ec|s |s v|oc|y o|spcrsco eno
o||u|co. ln es cesco s|e||ons, |Ox con|ro| sys|cms
,hycr|o curncrs or vc| |c|Ox) hevc cccn prov|oco for
ooo comcus||on prec||ccs.
|u|||vc cm|ss|on from esh pono |s con|ro||co cy
me|n|e|n|n ve|cr covcr, |rcc p|en|e||on on ecenoonco
esh ponos, ve|cr sprey, cer|h covcr |n |nec||vc |eoons.
|rov|o|n ous| supprcss|on eno cx|rec||on sys|cm |n C||
erce hes fur|hcr eooco |o rcouc||on |n fu|||vc ous| |n |hc
v|c|n||y of povcr s|e||ons.
18.2.2 Control of water pollution and promotion of water
conservation: ver|ous ve|cr conscrve||on mcesurcs hevc
cccn |e|cn up |o rcoucc ve|cr consump||on |n povcr
cncre||on cy us|n 3|s ,|coucc, |ccyc|c & |cusc) es
u|o|n pr|nc|p|c.
|rov|s|on of eovencco |rce|mcn| fec|||||cs such es ||qu|o
\es|c rce|mcn| ||en|s ,|\|), |ccyc||n Sys|cms for
/sh |ono |fnucn| ce||co /sh \e|cr |cc|rcu|e||on Sys|cm
,/\|S) eno c|osco cyc|c conocnscr coo||n ve|cr
sys|cms v||h h|hcr Cyc|c of Conccn|re||on ,COC), re|n
ve|cr hervcs||n vhcrcvcr poss|c|c eno rcusc of |rce|co
scvec cfnucn| for hor||cu||urc purposcs erc somc of |hc
mcesurcs |mp|cmcn|co |n mos| of |hc s|e||ons.
18.2.3 Ash Management: /sh oy|cs |n |hc s|e||ons hevc cccn
cn|nccrco |o cnsurc |he| e|| sefc|y eno cnv|ronmcn|e|
|ssucs erc eoorcssco e| ocs|n s|ec ||sc|f.
Vu|||-|eoon esh ponos v||h prov|s|on of ovcr-nov
|eoons eno esh p|pc er|eno|n errencmcn| for chenc
ovcr of esh s|urry fcco po|n|s hevc cccn prov|oco for
cffcc||vc sc|||cmcn| of esh per||c|cs.
\e|cr spr|n||crs hevc cccn prov|oco |n |hc esh pono erces
for sprey|n ve|cr |n or|co up por||on of |eoons for con|ro|
of fu|||vc ous|. |ffor|s erc meoc |o mex|m|zc u||||ze||on of
esh |hrouh usc of |ry /sh |x|rec||on Sys|cm ,|/|S).
0nu||||zco esh |s scn| |o esh pono cy me||n esh s|urry.
hc occen|co ve|cr |n /sh |ono |s rccyc|co cec| v||h
|hc hc|p of /sh \e|cr |cc|rcu|e||on Sys|cm ,/\|S) for
me||n esh s|urry ee|n, |ceo|n |o rcouc||on |n ve|cr
consump||on.
18.2.4 Automation of environment measurement system:
o7 con||nuous emc|cn| e|r que|||y mon||or|n s|e||ons
,//OVS) hevc cccn |ns|e||co |o cep|urc |hc rce| ||mc
oe|e eno ecccss |hcrcof v|z., |V 1O, |V 2.5, SOx, |Ox
eno ecccss hes cccn prov|oco |o Ccn|re| |o||u||on Con|ro|
boero. /oo|||one| ozonc ene|yzcrs for emc|cn| e|r erc
e|so cc|n prov|oco e| |hc s|e||ons. Con||nuous |m|ss|on
Von||or|n Sys|cms ,C|VS) |o mon||or SOx, |Ox eno
CO
2
|n e|| ||s un||s on rce| ||mc ces|s erc e|so p|ennco for
|ns|e||e||on |n ncer fu|urc
18.2.5 Environmental Studies: /our Compeny hes |e|cn e
numccr of s|uo|cs for cc||cr cnv|ronmcn| pro|cc||on eno
|o ocvc|op s|ron sc|cn||nc oe|ecesc.
18.2.6 Tree Plantation: /our Compeny hes p|en|co morc |hen
19 m||||on |rccs |||| oe|c |n eno erouno ||s procc|s es e
mcesurc of mess|vc efforcs|e||on.
hc efforcs|e||on hes no| on|y con|r|cu|co |o |hc
'ecs|hc||cs' cu| e|so hc|pco |n cercon scqucs|re||on cy
scrv|n es e 's|n|' for CO
2
rc|cesco from |hc s|e||ons eno
|hcrccy pro|cc||n |hc que|||y of cco|oy eno cnv|ronmcn|
|n eno erouno |hc procc|s.
18.2.7 ISO 14001 & OHSAS 18001 Certication: ||C's
s|e||ons hevc cccn ccr||nco v||h lSO 14OO1 eno O|S/S
18OO1 cy rcpu|co |e||one| eno ln|crne||one| ccr||fy|n
ecnc|cs es e rcsu|| of souno sys|cms eno prec||ccs.
18.3 Clean Development Mechanism (CDM)
/our Compeny |s unocr|e||n c||me|c chenc |ssucs
proec||vc|y.
hc mc|hooo|oy for supcr cr|||ce| |cchno|oy prcperco
cy ||C v|z. conso||oe|co cesc ||nc eno mon||or|n
mc|hooo|oy for ncv r|o conncc|co foss|| fuc| nrco
povcr p|en|s us|n |css G|G |n|cns|vc |cchno|oy'
hes cccn epprovco cy 0n||co |e||ons |remc \or|
Convcn||on on C||me|c Chenc ,0||CCC)' unocr
'/pprovco Conso||oe|co Vc|hooo|oy 13 ,/CVOO13)'.
vo of ||s so|er procc|s nemc|y 5V\ cech so|er |v procc|
e| |eor| eno |or| b|e|r, /noemen & ||cocer heo e|rceoy
cccn sucm|||co |o 0||CCC for C|V rc|s|re||on. /no|hcr
|vo procc|s nemc|y 5V\ so|er |v procc| e| |er|oeceo
eno 8V\ Sme|| |yoro |ovcr |rocc| e| S|nreu|| erc |n
eovencco s|ec of ve||oe||on for sucm|ss|on |o 0||CCC
for C|V rc|s|re||on.
|ur|hcr, epoven v|shnuheo |||| ,413O V\), |or|h
|erenpure S|| ,3ooO V\), 15 V\ So|er ,hcrme|)
procc| e| /n|e, cncry cfnc|cncy mcesurcs e| S|nreu||
S|| eno cncry cfnc|cncy mcesurcs e| |eor| hevc e|rceoy
oc|e|nco |os| Coun|ry /pprove| from |e||one| C|V
/u|hor||y.
18.4 Ash Utilisation
|ur|n |hc ycer 2O12-13, 5o.29 m||||on |onncs of esh ves
cncre|co eno 3O.97 m||||on |onncs of esh heo cccn
u||||zco for ver|ous proouc||vc purposcs. h|s ves 55.O2%
of |hc |o|e| esh cncre|co.
lmpor|en| erces of esh u||||ze||on erc ccmcn| &
esccs|os |nous|ry, rceoy m|x concrc|c p|en|s ,|VC),
roeo cmcen|mcn|, m|nc n|||n, esh oy|c re|s|n & |eno
ocvc|opmcn|. 1O.74 m||||on |onncs of esh hes cccn |ssuco
|o ccmcn|, |VC eno o|hcr |nous|r|cs |n |hc nnenc|e| ycer
2O12-13.
|ono esh from e|| s|e||ons of ||C |s cc|n |ssuco frcc
of cos| |o e|| uscrs. hc funos co||cc|co from se|c of
esh |s cc|n me|n|e|nco |n e scpere|c eccoun| cy ||C
v|oyu| vyeper ||em ||m||co, e vho||y-ovnco sucs|o|ery
compeny of ||C eno |hc semc |s cc|n u||||zco for
ocvc|opmcn| of |nfres|ruc|urc fec|||||cs, promo||on eno
fec||||e||on ec||v|||cs |o cnhencc esh u||||ze||on.
hc quen|||y of esh prooucco, esh u||||zco eno pcrccn|ec
of such u||||ze||on our|n 2O12-13 from ||C S|e||ons |s e|
/nncx-l.
37
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37
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18.5 CenPEEP towards enhancing efciency and
protecting Environment
'Ccn|cr for |ovcr |fnc|cncy eno |nv|ronmcn|e| |ro|cc||on'
,Ccn||||), ves sc| up |o |e|c |n|||e||vcs |o eoorcss c||me|c
chenc |ssucs. l| |s e symco| of ||C's vo|un|ery proec||vc
epproech |overos Grccnhousc Ges ,G|G) rcouc||on.
hc Ccn|rc hes cccn cn|rus|co v||h somc of |hc s|re|c|c
|n|||e||vcs such es |mprovcmcn| |n cfnc|cncy eno rc||ec||||y.
hrus| hes cccn |vcn |o cfnc|cncy |mprovcmcn|
|hrouh cus|om|zco |ncry |fnc|cncy Venecmcn|
Sys|cm ,||VS) eno rc||ec||||y |hrouh '|nov|coc besco
Ve|n|cnencc'. hc ec||v|||cs |nc|uoc usc of eovencco
ene|y||ce| |oo|s for cfnc|cncy ep ene|ys|s, comcus||on
op||m|ze||on, |mprovcmcn| |n pcrformencc of conocnscr,
coo||n |ovcr, coe| m|||s eno e|r-prchce|cr, mex|m|ze||on
of cono|||on cesco me|n|cnencc |hrouh sys|cme||c
'|rco|c||vc Ve|n|cnencc |rorem', rc||ec||||y |mprovcmcn|
s|re|c|cs cy fe||urc mooc ene|ys|s |hrouh '|c||ec||||y
Ccn|crco Ve|n|cnencc ,|CV)' es e prorem.
!o|n| procc| hes e|so cccn |e|cn up v||h |||/
for moo|nce||on of nuc es ouc| |n|crne|s cesco on
'compu|e||one| nu|o oynem|c ,C||)' ene|ys|s.
'|crform, /ch|cvc & reoc ,|/) Schcmc' of Govcrnmcn| of
lno|e unocr |r|mc V|n|s|cr's |e||one| V|ss|on on |nhencco
|ncry |fnc|cncy ,|V|||) |s cc|n |mp|cmcn|co |n ||C
v||h Ccn|||| es |hc cooro|ne|or. /|| 22 s|e||ons of ||C
erc |cs|ne|co Consumcrs |n |h|s prorem.
hc coopcre||on v||h 0S/l| ves cx|cnoco unocr lnoo-
0S c||e|cre| prorem '|er|ncrsh|p |o /ovencc C|cen
|ncry |cp|oymcn| ,|/C|-|)'. 0nocr |h|s prorem,
s|uoy on ocvc|opmcn| of ccs| prec||ccs menue| for
supcr cr|||ce| un||s hes cccn |e|cn up v||h suppor| of 0S
cxpcr|s. /ss|s|encc |s e|so prov|oco |o |vo S|e|c u||||||cs
from |eryene eno Veheresh|re for cfnc|cncy |mprovcmcn|
unocr |h|s prorem. hc '|ce| |e|c lmprovcmcn|
Gu|oc||ncs for lno|en 0||||||cs' vh|ch erc prcperco cy
Ccn||||, hevc cccn hc|pfu| |n |hc prorem.
Ccn|||| hes cs||me|co cumu|e||vc CO
2
cm|ss|on evo|oco
|n ||C s|ncc |hc ycer 199o es 34.8 m||||on |oncs.
Ccn|||| heo cccn confcrrco v||h The Times of India
Earth Care Award 2012 |n rccon|||on of ||s cffor|s eno
ech|cvcmcn|s for G|G rcouc||on |n u||||||cs, con|r|cu||n
|o comce| c||me|c chencs ecross |hc S//|C coun|r|cs.
18.6.1 RURAL ELECTRIFICATION
||C, |hrouh ||s vho||y ovnco sucs|o|ery ||SC|, |s
cerry|n ou| |hc |mp|cmcn|e||on of rure| c|cc|r|nce||on
vor| |n 5 S|e|cs nemc|y Veohye |reocsh, Chhe|||serh,
Oo|she, !her|heno eno \cs| bcne| unocr Govcrnmcn|
of lno|e, nesh|p prorem, |e|v Genoh| Gremccn
v|oyu|||eren /oene ,|GGv/). ||SC| hes cccn cn|rus|co
v||h c|cc|r|nce||on of |o|e| 3O procc|s |n 29 o|s|r|c|s |n
ecovc S|e|cs v||h e |o|e| scopc of 14,729 0n-c|cc|r|nco/
|c-c|cc|r|nco ,0|/||) v|||ecs, 2O,555 per||e||y c|cc|r|nco
,||) v|||ecs eno c|cc|r|c||y conncc||on |o 2o.42 |e|hs
cc|ov povcr|y ||nc ,b||) houscho|os.
|hys|ce| vor| of 15 procc|s hes cccn comp|c|co |||| 31
s|

Verch 2O13 eno ce|encc procc|s erc cxpcc|co |o cc
comp|c|co |n |/ 2O13-14.
ln |hc |/ 2O12-13, 22 un-c|cc|r|nco/oc-c|cc|r|nco eno
2,82O per||e||y c|cc|r|nco v|||ecs hevc cccn c|cc|r|nco
eno c|cc|r|c||y conncc||ons prov|oco |o 25,2O4 b||
houscho|os our|n |hc |/12-13.
Cumu|e||vc|y, c|cc|r|nce||on of 14,719 un-c|cc|r|nco /oc-
c|cc|r|nco v|||ecs eno 17,o79 per||e||y c|cc|r|nco v|||ecs
hes cccn comp|c|co eno c|cc|r|c||y conncc||ons hes cccn
prov|oco |o 2o.O8 |e|hs b|| houscho|os cy Ver'2O13.
18.6.2 5 KM Scheme around NTPC power plants
VO|, Govcrnmcn| of lno|e no||nco |n /pr'2O1O e
schcmc for prov|s|on of supp|y of c|cc|r|c||y |n 5 |m erce
erouno |hc Ccn|re| |ovcr ||en|s. hc schcmc covcrs |hc
cx|s||n eno upcom|n |ovcr ||en|s of C|S0's. 0nocr
|hc schcmc, |o|e| 29 procc|s vcrc |n|||e||y |ocn||nco for
|mp|cmcn|e||on erouno ||C povcr p|en|s. ||C hes
everoco c|h| procc|s vhcrc vor| |s |n prorcss.
Sucscqucn||y, Vo| hes v||horevn |hc ecovc schcmc
for fu|urc procc|s |n Verch 2O13. hc ono|n procc|s
erc cxpcc|co |o cc comp|c|co our|n |hc nnenc|e| ycer
2O13-14.
19. IMPLEMENTATION OF OFFICIAL LANGUAGE
/our Compeny hes meoc v|orous cffor|s for propee||on
eno cffcc||vc |mp|cmcn|e||on of |hc Ofnc|e| |enuec
|o||cy of |hc Govcrnmcn| of lno|e. Scvcre| ||no|
vor|shops, mcc||ns, confcrcnccs eno compc||||ons
vcrc conouc|co e| procc|s, rc|one| ofnccs eno
corpore|c ccn|rc our|n |hc ycer, |n vh|ch rcnovnco
||no| Scho|ers |nsp|rco |hc per||c|pen|s |o usc ||no| |n
oey-|o-oey ofnc|e| vor|s.
hc prorcss eno usec of |echeshe ||no| ves
|nspcc|co |n |hc s|e||ons eno propcr sucs||ons for
comp||encc vcrc |vcn |o |hc |ceos of |hc Ofnccs.
hc Suc-comm|||cc of |er||emcn| on Ofnc|e| |enuec
epprcc|e|co |hc cffor|s for |echeshe |mp|cmcn|e||on |n
our procc|s. Our he|f-ycer|y ||no| Veez|nc 'v|oyu| Sver'
e|so rccc|vco |echeshe /vero from V|n|s|ry of |omc
/ffe|rs, Govcrnmcn| of lno|e.
/|| ofncc orocrs, forme|s eno c|rcu|ers vcrc |ssuco
|n ||no| es vc||. lmpor|en| eovcr||scmcn|s eno housc
ourne|s vcrc rc|cesco |n c|||nue| form- |n ||no| eno
|n |n||sh. /our Compeny's vccs||c e|so hes e fec||||y of
opcre||n |n c|||nue| form- |n ||no| es vc|| es |n |n||sh.
20. NETRA R&D Mission in Power Sector
||C |ncry cchno|oy |cscerch /|||encc ,|||/), |hc
rcscerch & ocvc|opmcn| v|n of ||C focuscs on erces
of cfnc|cncy & eve||ec||||y |mprovcmcn|, cos| rcouc||on,
rcncvec|c eno e||crne||vc cncry sourcc, c||me|c chenc
& cnv|ronmcn| pro|cc||on, eno prov|o|n sc|cn||nc
suppor| |o u||||||cs.
|cscerch /ov|sory Counc|| ,|/C) of |||/ compr|s|n of
cm|ncn| sc|cn||s|s eno cxpcr|s from lno|e eno ecroeo |s
|n p|ecc |o s|ccr h|h-cno rcscerch. Sc|cn||nc /ov|sory
Counc|| ,S/C) v||h |c|one| |xccu||vc ||rcc|ors es
||s mcmccrs prov|ocs o|rcc||ons for |mprov|n p|en|
pcrformencc & rcouc|n cos| of cncre||on. hc mcc||ns
for co|h |hcsc /ov|sory Counc||s vcrc hc|o pcr|oo|ce||y
vhcrc mcmccrs oc||ccre|co on ver|ous procc| ec||v|||cs
eno evc u|oc||ncs for |mp|cmcn|e||on of sucs||ons.
ln orocr |o prov|oc mex|mum poss|c|c ccncn| |o |hc
s|e||ons, procc|s |||c /r||nc|e| ln|c|||cncc cesco p|en|
37
th
pcrformencc eov|sory sys|cm, cxpcr| sys|cm for rce| ||mc
mon||or|n of s|cem cyc|c chcm|s|ry, compu|e||one| nu|o
oynem|cs ,C||) mooc||n cesco p|en| |mprovcmcn|
for |ncrces|n cfnc|cncy eno rcouc|n eux|||ery povcr
consump||on hevc cccn |mp|cmcn|co e| s|e||ons.
Veny proouc|s & proccsscs ocvc|opco cy |||/
hevc cccn |cs|co succcssfu||y e| s|e||ons |||c roco||c
|nspcc||on ocv|ccs, ||C-|vV cesco cxpcr| sys|cm for
|rensformcr cono|||on mon||or|n, CO
2
u||||ze||on |hrouh
m|ncre||ze||on of ny esh c|c.
Onc |e|cn| ,O1) hes cccn ren|co |o |||/ eno eno|hcr
vcn|y onc ,21) pe|cn| epp||ce||ons hevc cccn n|co
eno |hcsc erc |n eovencco s|ec of proccss|n. |||/
con||nuco |o prov|oc sc|cn||nc suppor| |o e|| ||C
s|e||ons es vc|| es meny o|hcr u||||||cs' s|e||ons |o |mprovc
|hc|r pcrformencc.
Somc s|e|c-of-|hc er| fec|||||cs for cono|||on mon||or|n
eno o|enos||c cqu|pmcn|s |||c Scenn|n ||cc|ron
V|croscopc v||h ||/, S|x|ccn Chennc| v|cre||on
/ne|yscr, v|oco |mec scopc sys|cm v||h o|mcns|one|
mcesurcmcn| fec||||y, c|c hevc cccn |nouc|co.
hc |hesc-ll |nfres|ruc|urc |s cc|n crce|co for ncv
|ecore|or|cs eno fec|||||cs |||c p||o| p|en| cey, 15O |\p
So|er |v roof|op sys|cms eno en euo||or|um v||h sce||n
cepec||y of 4OO pcrsons.
|||/ |s ec||vc|y |nvo|vco |n meny |e||one| ec||v|||cs
rc|e|co |o |&| such es ocvc|op|n ||| u|oc||ncs on |&|,
con|r|cu||on |o Scc|ore| lnnove||on Counc|| for |ovcr.
|||/ hes e|so |e|cn rcscerch |rocc|s unocr |e||one|
C|cen |ncry |uno' e) So|er hcrme| |ycr|o v||h |oss||
||rco |ovcr ||en| c) ||uc Ges cesco /que /mmon|e
|ovcr Cyc|c.
|||/ hes e|so oren|zco |ouno ec|c Vcc||n on
cercon cep|urc & s|orec ,CCS) for formu|e||n |hc |o||cy
unocr |hc ec|s of Vo|.
|||/ hes unocr|e|cn co||ecore||vc procc|s v||h o|ffcrcn|
|ns|||u|cs |||c C||l, bene|orc |n |hc erce of coe| comcus||on
cherec|cr|ze||on, non ocs|ruc||vc |cs||n, ny esh u||||ze||on
eno v||h !eoevpur 0n|vcrs||y for |cvc|opmcn| of
po|er|se||on ocpo|er|se||on currcn| ene|ys|s |ccovcry
vo||ec mcesurcmcn| ,||C-|vV) sys|cm c|c.
|||/ |ecore|or|cs hevc cccn rceccrco||co es pcr lSO
17O25:2OO5. |||/ |s e|so ccr||nco cy Ccn|re| bo||cr
boero for ||/ ecnc|cs.
21. RIGHT TO INFORMATION
/our Compeny hes |mp|cmcn|co ||h| |o lnforme||on /c|,
2OO5 |n orocr |o prov|oc |nforme||on |o c|||zcns eno |o
me|n|e|n eccoun|ec||||y eno |renspercncy. hc Compeny
hes pu| |l menue| on vccs||c for ecccss |o e|| c|||zcns
of lno|e eno hes ocs|ne|co e Ccn|re| |uc||c lnforme||on
Ofnccr ,C|lO), en /ppc||e|c /u|hor||y eno /|lOs e| e||
s||cs eno ofnccs of ||C.
|ur|n 2O12-13, 1,181 epp||ce||ons vcrc rccc|vco
unocr |hc |l /c|, ou| of vh|ch 1,158 epp||ce||ons vcrc
rcp||co |o.
||vc vor|shops on |l /c| hevc cccn conouc|co e|
Corpore|c Ccn|rc, |c|one| |ceoquer|crs eno s||cs |o
sherc eno oc||ccre|c on |e|cs| no||nce||ons, emcnomcn|s
eno o|hcr |ssucs for smoo|h |mp|cmcn|e||on. h|s |nc|uocs
en |n|crec||vc scss|on v||h |hc oc|ce|cs from |hc lns|||u|c
of Sccrc|er|e| re|n|n & Venecmcn|, |o| |o sherc
cxpcr|cncc on |mp|cmcn|e||on of |l /c| |n |hc Compeny.
22. USING INFORMATION AND COMMUNICATION
TECHNOLOGY FOR PRODUCTIVITY ENHANCEMENT
||C hes |mp|cmcn|co en |n|crpr|sc |csourcc ||enn|n
,|||) pec|ec covcr|n mex|mum poss|c|c proccsscs
ecross |hc oren|ze||on |nc|uo|n sucs|o|er|cs. ln eoo|||on
|o |hc corc cus|ncss proccsscs eno |mp|oycc Sc|f
Scrv|cc ,|SS) func||one|||y, |hc ||| so|u||on e|so |nc|uocs
c-procurcmcn|, |nov|coc Venecmcn|, bus|ncss
ln|c|||cncc, |ocumcn| Venecmcn|, \or|nov c|c. hc
||| sys|cm |s fu||y meneco |hrouh |n-housc cxpcr||sc
from proccss roups eno |cchn|ce| roups. |ere||c|y, |n-
housc so|u||ons hevc cccn ocvc|opco |o |e|c cerc of |hc
non-||| erces.
||| hes ||s me|n oe|e ccn|cr e| |o|oe. hcrc |s e o|ses|cr
rccovcry ccn|cr e| |yocreceo es e fu|| cec| up for rce|
||mc chencovcr |n cesc of eny cmcrcncy.
v|ococonfcrcnc|n ,vC) fec||||y |s v|oc|y usco for
oc||ccre||ons emon |oce||ons. hc fec||||y hes e|so cccn
eumcn|co |o ho|o vC |n sccurco menncr, v||h cx|crne|
ecnc|cs e|so.
ln orocr |o |mprovc upon cfnc|cncy eno cr|n|n
|renspercncy |n procurcmcn| proccss |n ||C,
c-procurcmcn| proccss us|n S|V moou|c of ||| |s
v|oc|y usco.
/ |h|ro per|y euo|| eno rcv|cv of ||| so|u||on |mp|cmcn|co
e| ||C hes cccn cerr|co ou| |he| |nc|uoco rcv|cv of
cus|ncss proccss con|ro|s, connure||on sc|||ns, ecccss
con|ro|s eno rcv|cv of ro|cs eno eu|hor|ze||on. hc cr|||ce|
rcmco|e||on po|n|s sucs|co cy |hc cx|crne| euo||or
ecncy hevc cccn |mp|cmcn|co.
ver|ous o|hcr epp||ce||ons hevc cccn ocvc|opco |o
|e|c cerc of |l, |er||emcn| Oucs||ons Venecmcn|, |ce|
sys|cm, |rens|| cemp coo||n rcqu|rcmcn| c|c.
||C |cnocr vccs||c vvv.n|pc|cnocr.com |s cc|n
rcu|er|y usco for puc||sh|n e|| opcn |cnocrs on |hc
ln|crnc|. /oo|||one| \ccs||c vvv.n|pccxcmp|oyccs.
co.|n for fec||||e||n supcrennue|co cmp|oyccs hes e|so
cccn hos|co.
hc lnforme||on cchno|oy ocper|mcn| e| Corpore|c
Ccn|cr |o|oe hes cccn everoco ccr||nce|c |n rccon|||on
of |hc oren|ze||on's Oue|||y Venecmcn| Sys|cm vh|ch
comp||cs v||h lSO 9OO1:2OO8 for |rov|o|n l |nec|co
Scrv|ccs'.
23. NTPC GROUP: SUBSIDIARIES AND JOINT VENTURES
/our Compeny hes currcn||y 5 sucs|o|ery Compen|cs
eno 21 o|n| vcn|urc Compen|cs for unocr|e||n spcc|nc
cus|ncss ec||v|||cs.
hc nemcs of Sucs|o|er|cs eno !o|n| vcn|urc Compen|cs
eno |hc pcrccn|ec of your Compeny's shercho|o|n |n
|hcsc Compen|cs es on 31.O3.2O13 erc es fo||ovs:
37
th
37
th
th
289,|) oe|co 31
s|
Verch 2O11 hes emcnoco |hc Compen|cs
,|er||cu|ers of |mp|oyccs) |u|cs, 1975 cy prov|o|n |he|
|hc |nforme||on rcqu|rco unocr Scc||on 217,2/) of |hc
Compen|cs /c|, 195o rceo v||h |hc Compen|cs ,|er||cu|ers
of |mp|oyccs) |u|cs, 1975 she|| cc rcqu|rco |o cc prov|oco
for |hosc cmp|oyccs vhosc rcmuncre||on |s morc |hen ` oO
|ec pcr nnenc|e| ycer, |f cmp|oyco for vho|c of |hc ycer or
morc |hen ` 5 |ec pcr mon|h, |f cmp|oyco for per| of |hc
ycer. hc se|o |o||nce||on fur|hcr prov|ocs |he| |n cesc of
Govcrnmcn| Compen|cs such per||cu|ers erc no| rcqu|rco |o
cc |nc|uoco |n |hc boero's |cpor|.
/s your Compeny |s e Govcrnmcn| Compeny, such per||cu|ers
hevc no| cccn |nc|uoco es per| of |hc ||rcc|or's |cpor|. /ny
mcmccr |n|crcs|co |n oc|e|n|n such per||cu|ers mey vr||c
|o |hc Compeny Sccrc|ery e| |hc |c|s|crco Ofncc of |hc
Compeny or oovn|oeo |hcm from |hc vccs||c e| vvv.
n|pc.co.|n. Such per||cu|ers she|| e|so cc meoc eve||ec|c
|o |hc shercho|ocrs on e spcc|nc rcqucs| meoc cy |hcm
our|n |hc coursc of /nnue| Gcncre| Vcc||n |o cc hc|o on
17.O9.2O13.
25. STATUTORY AUDITORS
hc S|e|u|ory /uo||ors of your Compeny erc eppo|n|co cy
|hc Comp|ro||cr & /uo||or Gcncre| of lno|e. V/s O.|. be|e
& Co., |.|. Son| & Co., ||| Sr|oher & Sen|henem, v. Sen|er
/|yer & Co., |emcsh C. /reve| & Co. eno /.|. & Co. vcrc
eppo|n|co es !o|n| S|e|u|ory /uo||ors for |hc nnenc|e| ycer
2O12-13.
26. MANAGEMENT COMMENTS ON STATUTORY AUDITORS
REPORT
hc S|e|u|ory /uo||ors of |hc Compeny hevc |vcn en
unque||nco rcpor| on |hc eccoun|s of |hc Compeny for |hc
nnenc|e| ycer 2O12-13. |ovcvcr, |hcy hevc orevn e||cn||on
|overos |o|c-33 |o |hc nnenc|e| s|e|cmcn|s |n rcspcc| of |hc
eccoun||n of fuc| on GCv cesco pr|c|n sys|cm.
hc |ssuc hes cccn eocque|c|y cxp|e|nco |n |o|c 33 rcfcrrco
|o cy |hc /uo||ors.
27. REVIEW OF ACCOUNTS BY COMPTROLLER & AUDITOR
GENERAL OF INDIA
/ou vou|o cc p|cesco |o |nov |he| for |hc four|h ycer |n
e rov your oren|ze||on hes rccc|vco '|l|' Commcn|s on
|hc ||nenc|e| S|e|cmcn|s for |hc ycer from |hc Comp|ro||cr &
/uo||or Gcncre| of lno|e ,C&/G).
/s eov|sco cy |hc Ofncc of |hc C&/G, |hc commcn|s of
C&/G for |hc ycer 2O12-13 erc cc|n p|ecco v||h |hc rcpor|
of S|e|u|ory /uo||ors of your Compeny c|scvhcrc |n |h|s
/nnue| |cpor|.
28. COST AUDIT
/s prcscr|cco unocr |hc Cos| /ccoun||n |ccoros
,||cc|r|c||y lnous|ry) |u|cs, 2OO1 epp||cec|c for nnenc|e|
ycers 2O11-12 eno 2O12-13, |hc Cos| /ccoun||n rccoros
erc cc|n me|n|e|nco cy e|| s|e||ons of |hc Compeny. hc
per||cu|ers of Cos| /uo||ors es rcqu|rco unocr Scc||on 233,b)
of |hc Compen|cs /c|, 195o rceo v||h Gcncre| C|rcu|er |o.
15/2O11 oe|co 11.O4.2O11 |ssuco cy V|n|s|ry of Corpore|c
/ffe|rs erc |vcn cc|ov:
hc nrms of Cos| /ccoun|en|s eppo|n|co for |hc nnenc|e|
ycer 2O11-12 erc ,|) V/s |heneney v. !osh| & /ssoc|e|cs,
|unc, Veheresh|re, ,||) V/s !ue| |. |ur| & /ssoc|e|cs,
Gureon, |eryene, ,|||) V/s Venoe| Vu|hcrcc |e||e &
/ssoc|e|cs, |o||e|e, \cs| bcne|, ,|v) V/s S.C. Vohen|y &
Subsidiaries
NTPC LIMITED
Joint
Ventures
0|||||y |ovcr|cch ||o.
||C-S/l| |ovcr
Compeny |v|. ||o.
||C-/|SOV |ovcr
Scrv|ccs |v|. ||o.
||C em||neou
|ncry Compeny ||o.
/reve|| |ovcr
Compeny |v|. ||o.
||C-SCC| G|oce|
vcn|urcs |v|. ||o.
Vce 0re ||em
|v|. ||o
||C-b||| |ovcr
|rocc|s |v|. ||o.
|ec|neer |ovcr
Gcncre||n Co. |v|. ||o.
b|-||C |ncry
Sys|cms ||o.
rensformcrs /no
||cc|r|ce|s |cre|e ||o.
|e|ne|r| Ges eno
|ovcr |v|. ||o.
|e||one| ||h |ovcr
cs| |ecore|ory |v|.||o.
|e||one| |ovcr
|xchenc ||o.
ln|crne||one| Coe|
vcn|urcs |v|. ||o.
|ncry |fnc|cncy
Scrv|ccs ||o.
Cl| ||C 0re
|v|. ||o
r|ncome|cc |ovcr
Compeny ||m||co
/nushe||| v|ohyu|
||em ||o.
|en-/s|en |cncvec|cs
|v|. ||o.
||C ||cc|r|c Supp|y
Compeny ||o.
||C v|oyu| vyeper
||em ||o.
||C |yoro ||o.
|en|| b||cc 0|peoen
||em ||o.
bher||ye |e|| b||cc
Compeny ||o.
1OO% 5O%
5O%
5O%
5O%
5O%
5O%
5O%
5O%
5O%
49%
44.oO%
33.41%
2O%
1o.o7%
14.28%
25%
5O%
5O%
49%
5O%
1OO%
1OO%
o5%
74%
NTPC GROUP
ben|eocsh - lno|e |r|cnosh|p
|ovcr Compeny |v|. ||o.
5O%
hc pcrformencc of |hcsc Compen|cs es vc|| es |hc
conso||oe|co nnenc|e| s|e|cmcn|s erc cr|cny o|scussco
|n |hc Venecmcn| ||scuss|on & /ne|ys|s scc||on. hc
nnenc|e| s|e|cmcn|s of sucs|o|ery compen|cs e|on v||h |hc
rcspcc||vc ||rcc|ors' |cpor| erc p|ecco c|scvhcrc |n |h|s
/nnue| |cpor|.
24. INFORMATION AS PER COMPANIES (PARTICULARS OF
EMPLOYEES) RULES, 1975
V|n|s|ry of Corpore|c /ffe|rs, |hrouh |o||nce||on G.S.|.
37
th
/ssoc|e|cs, bhuchencshvcr, Or|sse, ,v) V/s v.|. Gup|e &
Co., |o|oe, 0||er |reocsh eno ,v|) V/s Chenore \eohve &
Co., |eryeen, |c|h|.
hc nrms of Cos| /ccoun|en|s eppo|n|co for |hc nnenc|e|
ycer 2O12-13 erc ,|) V/s |heneney v. !osh| & /ssoc|e|cs,
|unc, Veheresh|re, ,||) V/s !ue| |. |ur| & /ssoc|e|cs,
Gureon, |eryene, ,|||) V/s Venoe| Vu|hcrcc |e||e &
/ssoc|e|cs, |o||e|e, \cs| bcne|, ,|v) V/s S.C. Vohen|y &
/ssoc|e|cs, bhuchencshvcr, Or|sse, ,v) V/s v.|. Gup|e &
Co., |o|oe, 0||er |reocsh eno ,v|) V/s Chenore \eohve &
Co., |eryeen, |c|h|.
hc ouc oe|c for n||n conso||oe|co Cos| /uo|| |cpor| |n
b|| forme| for |hc nnenc|e| ycer cnoco Verch 31, 2O12 ves
Scp|cmccr 27, 2O12 vh|ch ves sucscqucn||y cx|cnoco
up|o 28
|h
|ccruery 2O13 |hrouh Gcncre| C|rcu|er |o. 2/2O13
oe|co 31.O1.2O13 |ssuco cy V|n|s|ry of Corpore|c /ffe|rs
eno |hc conso||oe|co Cos| /uo|| |cpor| for your Compeny
ves n|co v||h |hc Ccn|re| Govcrnmcn| on 15.O1.2O13.
hc ouc oe|c for n||n conso||oe|co Cos| /uo|| |cpor| for
|hc nnenc|e| ycer cnoco Verch 31, 2O13 |s Scp|cmccr 27,
2O13 eno |hc conso||oe|co Cos| /uo|| |cpor| es prcscr|cco
for |hc nnenc|e| ycer 2O12-13 she|| cc n|co v||h|n |hc
prcscr|cco ||mc pcr|oo.
29. BOARD OF DIRECTORS
|r. /|vyn ||oer S|nh hes o|nco es |on-Ofnc|e| |er|-||mc
||rcc|or of |hc Compeny v||h cffcc| from /uus| 23, 2O12.
|r. V. Gov|noe |eo hes ccesco |o cc |hc |on-Ofnc|e| |er|-
||mc ||rcc|or v||h cffcc| from |ccruery 4, 2O13.
Shr| 0.|. |en| hes |e|cn ovcr es ||rcc|or ,|umen |csourccs)
v||h cffcc| from Verch 1, 2O13. Shr| S.|. S|nh hes ccesco
|o cc |hc ||rcc|or ,|umen |csourccs) of your Compeny
v||h cffcc| from |ccruery 28, 2O13 on e||e|n|n |hc ec of
supcrennue||on.
Shr| |e|csh !e|n hes ccesco |o |hc ||rcc|or of your Compeny
v.c.f. !u|y 9, 2O13 on cces|n |o cc |hc ofnc|e| of V|n|s|ry of
|ovcr.
Shr| |reshen| Vch|e hes o|nco es |on-Ofnc|e| |er|-||mc
||rcc|or of |hc Compeny v||h cffcc| from !u|y 3O, 2O13.
hc boero v|shcs |o p|ecc on rccoro ||s occp epprcc|e||on
for |hc ve|uec|c scrv|ccs rcnocrco cy |r. V. Gov|noe |eo,
Shr| S.|. S|nh eno Shr| |e|csh !e|n our|n |hc|r essoc|e||on
v||h |hc Compeny.
ln eccoroencc v||h |hc prov|s|ons of /r||c|c 41,|||) of |hc
/r||c|cs of /ssoc|e||on of |hc Compeny four o|rcc|ors -
Shr| /.|. S|nhe|, Shr| |.|. V|sre, Shr| S.b. Ghosh |es||oer
eno Shr| |.S. Sehoo she|| rc||rc cy ro|e||on e| |hc /nnue|
Gcncre| Vcc||n of your Compeny eno, cc|n c|||c|c, offcr
|hcmsc|vcs for rc-eppo|n|mcn|.
30. DIRECTORS RESPONSIBILITY STATEMENT
/s rcqu|rco unocr Scc||on 217,2//) of |hc Compen|cs /c|,
195o, your ||rcc|ors connrm |he|:
1. |n |hc prcpere||on of |hc ennue| eccoun|s, |hc epp||cec|c
eccoun||n s|enoeros heo cccn fo||ovco e|on v||h
propcr cxp|ene||on rc|e||n |o me|cr|e| ocper|urcs,
2. |hc ||rcc|ors heo sc|cc|co such eccoun||n po||c|cs
eno epp||co |hcm cons|s|cn||y eno meoc uomcn|s
eno cs||me|cs |he| erc rcesonec|c eno pruocn| so es
|o |vc e |ruc eno fe|r v|cv of |hc s|e|c of effe|rs of |hc
compeny e| |hc cno of |hc nnenc|e| ycer 2O12-13 eno
of |hc pron| of |hc compeny for |he| pcr|oo,
3. |hc ||rcc|ors heo |e|cn propcr eno sufnc|cn| cerc for
|hc me|n|cnencc of eocque|c eccoun||n rccoros |n
eccoroencc v||h |hc prov|s|ons of |hc Compen|cs /c|,
195o for sefcuero|n |hc essc|s of |hc compeny eno for
prcvcn||n eno oc|cc||n freuo eno o|hcr |rrcu|er|||cs,
eno
4. |hc ||rcc|ors heo prcperco |hc /nnue| /ccoun|s on e
o|n conccrn ces|s.
31. INFORMATION PURSUANT TO STATUTORY AND OTHER
REQUIREMENTS
lnforme||on rcqu|rco |o cc furn|shco es pcr |hc Compen|cs
/c|, 195o, ||s||n /rccmcn| v||h S|oc| |xchencs,
Govcrnmcn| u|oc||ncs c|c. |s enncxco |o |h|s rcpor| es
cc|ov:
Particulars Annexure
Venecmcn| ||scuss|on & /ne|ys|s l
|cpor| on Corpore|c Govcrnencc ll
lnforme||on on conscrve||on of cncry,
|cchno|oy ecsorp||on eno forc|n cxchenc
cern|ns eno ou|o
lll
S|e|cmcn| pursuen| |o Scc||on 212 of |hc
Compen|cs /c|, 195o rc|e||n |o sucs|o|ery
compen|cs
lv
S|e||s||ce| oe|e of |hc r|cvencc cescs v
S|e||s||ce| |nforme||on on pcrsons cc|on|n |o
Schcou|co Ces|c / Schcou|co r|cc ce|cor|cs
vl
lnforme||on on |hys|ce||y Che||cnco pcrsons vll
0|GC Commun|ce||ons on prorcss vlll
|rocc| \|sc /sh 0||||se||on l
bus|ncss |cspons|c||||y |cpor| for |hc ycer
2O12-13
32. ACKNOWLEDGEMENT
/our ||rcc|ors ec|nov|coc v||h occp scnsc of epprcc|e||on,
|hc co-opcre||on rccc|vco from |hc Govcrnmcn| of lno|e,
per||cu|er|y |hc |r|mc V|n|s|cr's Ofncc, V|n|s|ry of |ovcr,
V|n|s|ry of ||nencc, V|n|s|ry of |nv|ronmcn| & |orcs|s,
V|n|s|ry of Coe|, V|n|s|ry of |c|ro|cum & |e|ure| Ges, V|n|s|ry
of |e||veys, |hc ||enn|n Comm|ss|on, |cper|mcn| of |uc||c
|n|crpr|scs, Ccn|re| ||cc|r|c||y /u|hor||y, Ccn|re| ||cc|r|c||y
|cu|e|ory Comm|ss|on, /ppc||e|c r|cune| for ||cc|r|c||y,
S|e|c Govcrnmcn|s, |c|one| |ovcr Comm|||ccs, S|e|c
||cc|r|c||y boeros eno Ofncc of |hc /||orncy Gcncre| of lno|e.
/our ||rcc|ors e|so convcy |hc|r re|||uoc |o |hc shercho|ocrs,
ver|ous |n|crne||one| eno lno|en ben|s eno ||nenc|e| lns|||u||ons
for |hc connocncc rcposco cy |hcm |n |hc Compeny.
hc boero e|so epprcc|e|cs |hc con|r|cu||on of con|rec|ors,
vcnoors eno consu||en|s |n |hc |mp|cmcn|e||on of ver|ous
procc|s of |hc Compeny.
\c e|so ec|nov|coc |hc cons|ruc||vc sucs||ons rccc|vco
from Govcrnmcn| eno S|e|u|ory /uo||ors.
\c v|sh |o p|ecc on rccoro our epprcc|e||on for |hc un||r|n
cffor|s eno con|r|cu||ons meoc cy |hc cmp|oyccs e| e|| |cvc|s
|o cnsurc |he| |hc Compeny con||nucs |o rov eno cxcc|.
|or eno on cche|f of |hc boero of ||rcc|ors
||ecc: |cv |c|h| (Dr. Arup Roy Choudhury)
|e|c: 2
no
/uus| 2O13 Chairman & Managing Director
37
th
37
th
th
POWER SECTOR - fostering growth
|ovcr Scc|or |s e |cy cnec|cr for lno|e's cconom|c rov|h.
hc scc|or cons|s|s of cncre||on, |rensm|ss|on eno o|s|r|cu||on
u||||||cs eno |s e cruc|e| componcn| of lno|e's |nfres|ruc|urc. |ovcr
Scc|or |ceos |hc |nvcs|mcn| |n |nfres|ruc|urc for ll p|en:
XII Plan
O|hcrs
oO7
12%
||cc|r|c||y
1747
34%
3o2
19%
19o
1O%
195
1O%
o35
33%
221
11%
|e||veys
558
11%
lrr|e||on
43O
8%
c|ccomm
884
17%
33o
17%
|oeos
92O
18%
,||cc|r|c||y |nc|uocs |on Convcn||one| |ncry, |e||veys |nc|uoc
Vess |ep|o renspor| Sys|cm)
,||urcs |n 'OOO ` crorc, l p|en |/ 2OOo-O7 pr|ccs & ll p|en
|/ 2O11-12 pr|ccs)
,Sourcc: ln|cr|m |cpor| of |hc ||h |cvc| Comm|||cc on nnenc|n
|nfres|ruc|urc)
lnvcs|mcn| |n c|cc|r|c||y |s procc|co |o cc 1/3
ro
of |hc |o|e|
procc|co |nvcs|mcn| |n |nfres|ruc|urc scc|or, |hus sus|e|n|n |hc
l p|en |nvcs|mcn|.
POWER SECTOR - current landscape
Key Parameters FY 2012-13
(A)
FY 2011-12
(B)
Change
(A-B)
(%)
Change
Cepec||y ,G\) es on
31
s|
Verch*
223.34 199.88 23.4o 11.74%
Gcncre||on |n b||||on
0n||s ,b0)#
912.Oo 87o.89 35.17 4.O1%
/|| lno|e ||| ,Coe| &
||n||c) ,%)
o9.93 73.47 -3.54
|ncry ocnc|| ,%) 8.7 8.5 O.2
|ce| |cnc|| ,%) 9.O 1O.o - 1.o
rensm|ss|on ||ncs
|ns|e||co ,c|| |ms)
171O7 2O434 -3327 -1o.28%
Suc-s|e||ons ,Vv/) o3oo5 54287 9378 17.27%
* |nc|uo|n |cncvec|c |ncry Sourccs ,||S)
# |nc|uo|n bhu|en |mpor| of 4.79b0
,Sourcc: Ccn|re| ||cc|r|c||y /u|hor||y ,C|/))
Review of installed capacity & capacity addition during the
nancial year 2012-13
hc |o|e| |ns|e||co cepec||y |n |hc coun|ry es on Verch 31, 2O13
ves 223343.oO V\ v||h S|e|c Scc|or hev|n e sherc of 39.91%,
fo||ovco cy |r|ve|c Scc|or v||h 3O.83% sherc eno ce|encc
29.2o% con|r|cu|co cy Ccn|re| Scc|or cn||||cs.
Sector Total Capacity (MW) % share
S|e|c 89124.o2 39.91
|r|ve|c o8859.O4 3O.83
Ccn|re| o5359.94 29.2o
Total* 223343.60 100.00
,Sourcc: C|/) *|nc|uo|n ||S
Cepec||y eoo|||on of 2Oo22.8O V\ our|n |hc nnenc|e| ycer
2O12-13 cxcccoco |hc |erc| of 1795o.3O V\. \||h mex|mum
con|r|cu||on of 54.59% cy |r|ve|c Scc|or, fo||ovco cy Ccn|re|
Scc|or of 2o.17%.
Sector Capacity Addition (MW) % share
S|e|c 39o8.OO 19.24
|r|ve|c 11257.5O 54.59
Ccn|re| 5397.3O 2o.17
Total* 2Oo22.8O 1OO.OO
,Sourcc: C|/) * |xc|uo|n ||S vh|ch |nc|uocs Sme|| |yoro
|rocc|, b|omess |ovcr, 0rcen & lnous|r|e| \es|c |ovcr, \|no
|ncry eno So|er |ovcr
hc |o|e| |hcrme| cepec||y, |nc|uo|n es eno o|csc| s|e||ons
eccoun|s for ecou| o7.85% of |ns|e||co cepec||y of |hc coun|ry
fo||ovco cy hyoro cepec||y e| 17.o8%. |uc|cer s|e||ons eccoun|
for 2.14% eno |hc ce|encc 12.33% |s con|r|cu|co cy ||S of vh|ch
sherc of pr|ve|c scc|or |s 1O.o5%.
/s on 31.O3.2O13
|uc|cer
478O
2.14%
Fuel Mix (MW)
||S ,|cs|
of lno|e)
3789.19
1.o8%
||S ,|v|.
Scc|or)
23793.52
1O.o5%
hcrme|
15153O.49
o7.85%
|yoro
39491.4O
17.o8%
,Sourcc: C|/)
\||h 13O22O.89 V\ of |hc |ns|e||co cepec||y cesco on coe|
vh|ch |s 58.31% of |e||on's cepec||y, coe| rcme|ns |hc |cy fuc| for
povcr cncre||on.
Annexure-I to Directors Report
MANAGEMENT DISCUSSION AND ANALYSIS
XI
Plan
37
th
Capacity Utilization
Cepec||y u||||se||on |n |hc lno|en povcr scc|or |s mcesurco cy
||en| |oeo |ec|or ,|||). hc ||| hes shovn e occ||nc our|n |hc
nnenc|e| ycer 2O12-13 v|s e v|s nnenc|e| ycer 2O11-12.
Sector wise PLF (Thermal) (%)
Sector FY 2012-13 FY 2011-12 Change
Ccn|re| 79.18 82.O1 -2.83
S|e|c o5.54 o8.35 -2.81
l|| o2.1o o7.27 -5.11
|r|ve|c 75.o9 7o.19 -O.5
/|| lno|e o9.93 73.47 -3.54
,Sourcc: C|/)
||| of |hcrme| s|e||ons occ||nco from 73.47% |o o9.93%. hc
occ||nc |n ||| ves me|n|y on eccoun| of shor|ec / poor que|||y of
coe|, cec||n oovn/ shu| oovn of un||s on eccoun| of |ov
schcou|c from ccncnc|ery s|e|cs eno oc|ey |n s|ec|||ze||on of ncv
un||s.
GENERATION
Existing Generation
hc |o|e| povcr cncre||on |n |hc coun|ry our|n |hc nnenc|e| ycer
2O12-13 ves 912.Oo b0 es comperco |o 87o.89 b0 our|n |es|
ycer, rc|s|cr|n e rov|h of 4.O1%.
Scc|or v|sc eno fuc| v|sc crce|-up of cncre||on |n b0 for |hc
nnenc|e| ycer 2O12-13 eno nnenc|e| ycer 2O11-12 |s oc|e||co es
unocr:
Sector
FY
2012-13
FY
2011-12
Fuel
FY
2012-13
FY
2011-12
Ccn|re| 375.97 3o4.OO hcrme| 7oO.o8 7O8.81
S|e|c 347.15 3o7.9o |yoro 113.72 13O.51
|r|ve|c 184.15 139.o5 |uc|cer 32.87 32.29
O|hcrs* 4.79 5.28 O|hcrs* 4.79 5.28
Total 912.06 876.89 Total 912.06 876.89
* lmpor| from bhu|en
,Sourcc: C|/)
Of |hc |o|e| ne||one| cncre||on our|n |hc nnenc|e| ycer 2O12-13,
|hc S|e|c Scc|or con|r|cu|co 38.Oo%, Ccn|re| Scc|or u||||||cs
con|r|cu|co 41.22% vhcrc es |r|ve|c Scc|or hes con|r|cu|co
2O.19%. hc ovcre|| cncre||on our|n |hc ycer ves ~ 2 % |css
|hen |hc prorem/|erc|.
Demand and Supply Position
hc cncry ocnc|| |ncrcesco mer|ne||y on e ycer-on-ycer ces|s
|n nnenc|e| ycer 2O12-13 |o 8.7% from 8.5% |n nnenc|e| ycer
2O11-12. |ovcvcr, |hc |ce| ocnc||, occrcesco |o 9.O% |n
nnenc|e| ycer 2O12-13 from 1O.o% |n |hc prcv|ous ycer.Ovcre||,
|hc scc|or |s cherec|cr|zco cy ecu|c shor|ecs of povcr. hc
ocmeno eno supp|y pos|||on our|n |hc |es| nvc ycer |n |hc
coun|ry |s |no|ce|co es unocr:
1,2OO
1,OOO
8OO
oOO
4OO
2OO
O
12.O%
1O.O%
8.O%
o.O%
4.O%
2.O%
O.O%
B
i
l
l
i
o
n

U
n
i
t
s
Requirement /ve||ec||||y
| / 2OO9 | / 2O1O | / 2O11 | / 2O12 | / 2O13
|cnc||
777
831
862
937
998
911
o91
747
788
858
,Sourcc: C|/- povcr supp|y pos|||on)
Consumption
ln |crms of pcr cep||e povcr consump||on, lno|e ren|s emon |hc
|ovcs| |n |hc vor|o. hc pcr cep||e consump||on of povcr |n
lno|e hes |ncrcesco from o31.4O un||s |n nnenc|e| ycer 2OO5-Oo |o
879.22 un||s |n nnenc|e| ycer 2O11-12 ,prov|s|one|). ,Sourcc: C|/)
Veor cno uscrs of povcr cen cc croeo|y c|ess|nco |n|o |nous|r|e|,
er|cu||ure|, oomcs||c eno commcrc|e| consumcrs. hcsc
consumcrs rcprcscn|co epprox|me|c|y 45%, 17%, 22% eno 9%,
rcspcc||vc|y, of povcr consump||on mcesurco cy un||s of
c|cc|r|c||y consumco |n nnenc|e| ycer 2O11-12. rec||on & |e||veys
eno o|hcrs rcprcscn|co ecou| 7% of povcr consump||on.
,Sourcc: V|n|s|ry of S|e||s||cs eno |roremmc lmp|cmcn|e||on-
|ncry S|e||s||cs 2O13).
XII PLAN - a look ahead
/n |mpor|en| e|n |n |hc l p|en ves |hc remp|n up of |hc pecc
of eoo|||on |o cncre||on cepec||y |houh || ves |ovcr |hen |hc
p|ennco cepec||y eoo|||on. hc me|n phys|ce| m||cs|oncs
ech|cvco our|n l p|en erc summer|sco es unocr:
Achievements in Power Sector during the XI Plan
Cepec||y eoo|||on our|n |hc l ||en pcr|oo hes cccn e|
549o4 V\ vh|ch |s o9.8% of |hc or||ne| |erc| eno 88.1% of
|hc V|o-|crm /ppre|se| |erc| of o2374 V\.
o|e| |ns|e||co cepec||y es on 31
s|
Verch 2O12, |nc|uo|n ||S
of |hc coun|ry ves 199877 V\. hc sherc of rcncvec|c
cncry cepec||y |s ecou| 12 %.
/pprox|me|c|y o992o c|rcu|| |m ,c|m) of |rensm|ss|on ||ncs
vcrc eooco. 15O3o2 Vv/ cepec||y of e||crne||n currcn|
,/C) sucs|e||ons eno 175O V\ cepec||y of ||h-vo||ec
||rcc| Currcn| ,|v|C) sucs|e||ons vcrc eooco |o |hc cx|s||n
|rensm|ss|on sys|cms. ,Sourcc: |ref| 12
|h
p|en)
o |ccp up |hc pecc of ech|cvcmcn|s |n l p|en, ovcrnmcn| hes
e|so sc| emc|||ous |erc|s for ll p|en.
Capacity and Generation Targets for XII plan
hc \or||n Group on povcr hes cs||me|co e cepec||y eoo|||on
rcqu|rcmcn| of 75785 V\ corrcspono|n |o 9 % G|| rov|h
our|n |hc ll p|en pcr|oo. |ovcvcr, |n orocr |o rcoucc |hc
ocnc||s, eno prov|oc for fes|cr rc||rcmcn| of |hc o|o cncry-
|ncfnc|cn| p|en|s, |hc |erc| for |hc ll p|en hes cccn nxco e|
88537 V\ ,cxc|uo|n ||S). S|ncc |hc rov|h re|c of G|| for |hc
ll p|en |s |||c|y |o cc 8.2 % eno no| 9 %, |hc |erc| for cepec||y
eoo|||on con|e|ns en c|cmcn| of s|ec| of ecou| 1O %. ,Sourcc:
|ref| 12
|h
p|en)
37
th
37
th
th
/s shovn |n |ec|c cc|ov, |hc sherc of |hc pr|ve|c scc|or |n |hc
eoo|||one| cepec||y v||| cc 53%, fo||ovco cy ccn|re| scc|or v||h
3O% & s|e|c scc|or v||h 17%.
Sector Hydro Thermal Nuclear Total
Ccn|re| oOO4 14878 53OO 2o182
S|e|c 1oO8 13922 O 1553O
|r|ve|c 3285 4354O O 4o825
Total (excl.RES) 10897 72340 5300 88537
||S 3OOOO
Total (Incl.RES) 10897 72340 5300 118537
,Sourcc: |ref| 12
|h
p|en)
hc sherc of ncv cepec||y eoo|||on our|n ll p|en cesco on foss||
fuc| rcme|ns h|h e| ~82% ,cxc|uo|n ||S).
hc |n|||e||vcs |e|cn cy Govcrnmcn| of lno|e for rep|o rov|h of
povcr scc|or |nc|uo|n sc|||n-up of 0||re Vce |ovcr |rocc|s
eno ocvc|opmcn| of povcr procc|s on |er|ff cesco c|oo|n,
e||oce||on of cep||vc coe| c|oc|s, cu|| |cnocr|n of supcr-cr|||ce|
un||s c|c. erc cxpcc|co |o y|c|o ccncn|s our|n ll p|en. /|rceoy
morc |hen 2O G\ ,cxc|uo|n ||S) of cepec||y hes cccn eooco
our|n |hc nnenc|e| ycer 2O12-13 |.c. |hc nrs| ycer of ll p|en, es
comperco |o 9 G\ ,epprox.) eooco our|n |hc nrs| ycer of l
p|en. hus, nrs| ycer of |hc ll p|en hes cnoco on e pos|||vc no|c.
hc ll p|en |erc| sccms rce||sec|c succc| |o eve||ec||||y of fuc|,
|eno ecqu|s|||on, cnv|ronmcn| c|cerenccs, eve||ec||||y of ve|cr,
|rensm|ss|on cepec||y eno |ovcr |urchesc /rccmcn|s ,||/s).
hc \or||n Group for |hc ll p|en hes cs||me|co e rcqu|rcmcn| of
14O3 b0 cy nnenc|e| ycer 2O1o17, ef|cr |e||n |n|o eccoun|
cncry conscrve||on mcesurcs eno ocmenosupp|y menecmcn|.
FUEL MIX - directed towards clean energy
lno|e hes comc |o |crms v||h |hc fec| |he| rcncvec|c cncry mey
cc |hc ncv orocr |n |hc ec of cncry sccur||y. hc procc|co
chenc |n |hc m|x of cncre||on cy fuc| cy cno of 2O3O ocp|c|co
cc|ov shovs |hc huc cmphes|s of Govcrnmcn| on C|cen |ncry:
58%
3%
11%
12%
39%
1o%
o9%
5%
12%
5%
2o%
9%
7O%
7%
14%
o%
3%
23%
Coe| Ges |yoro ||S |uc|cer o|e| C|cen
|ncry
2O12 2O17 2O3O
,Sourcc: |ref| 12
|h
p|en)
hc rc||encc on foss|| cesco fuc| |s cxpcc|co |o rcoucc from
currcn| 77% |o o1% cy |hc ycer 2O3O. |or rce||z|n sus|e|nec|c
ocvc|opmcn| en eme|em of fuc|s for povcr cncre||on |s
cnv|seco cy Govcrnmcn|. ,Sourcc: oref| 12
|h
p|en)
TRANSMISSION AND DISTRIBUTION
Transmission
hc |erc cxpens|on |n cncre||on eno consump||on of c|cc|r|c||y
hes |o cc suppor|co cy e s|n|ncen| cxpens|on eno s|rcn|hcn|n
of |hc |rensm|ss|on nc|vor|. hc |rensm|ss|on sys|cms |he| erc |n
p|ecc |n |hc coun|ry cons|s| of ln|cr-S|e|c rensm|ss|on Sys|cm
,lSS) eno ln|re-S|e|c rensm|ss|on Sys|cm ,ln|re-SS). lSS |s
me|n|y ovnco eno opcre|co cy |ovcr Gr|o Corpore||on of lno|e
||m||co vh|ch |s e|so Ccn|re| rensm|ss|on 0|||||y.
hc povcr sys|cm |n |hc coun|ry |s ocmerce|co |n|o nvc rc|ons.
|our rc|one| r|os hevc cccn opcre||n |n synchronous mooc es
e s|n|c sys|cm for |hc pes| fcv ycers. On|y |hc sou|hcrn r|o |s yc|
|o cc conncc|co |o |hc rcs| of |hc sys|cm. hc h|h vo||ec
|e|churSho|epur 7o5 |v ||nc |o conncc| sou|hcrn r|o |s unocr
cons|ruc||on eno cxpcc|co |o cc comm|ss|onco our|n |hc
nnenc|e| ycer 2O13-14.
rensm|ss|on ||ncs |n |hc coun|ry up|o Verch 2O13 erc 274588 c|m
eno Suc S|e||ons erc 47321o Vv/. / |o|e| of ecou| 1O744O c|m
of |rensm|ss|on ||ncs, 27OOOO Vv/ of /C |rensformcr cepec||y eno
1275O V\ of |v|C sys|cms erc cxpcc|co |o cc eooco our|n
|hc ll p|en.
hc |o|e| cepec||y |o |rensfcr povcr ecross rc|ons e| |hc cno of
|hc l p|en ves ecou| 2775O V\ eno |h|s |s cxpcc|co |o |ncrcesc
cy 13o % |o o555O V\ cy |hc cno of ll p|en. ,Sourcc: C|/ &
|ref| 12
|h
p|en)
hc proposco rep|o cxpens|on of |hc cepec||y |o |rensm|ss|on
cepec||y cen cc mc| |f somc scr|ous che||cncs, v|z. r|h| of vey,
ncx|c||||y |n ||nc |oeo|n eno rcu|e||on of povcr eno |mprovcmcn|
of opcre||one| cfnc|cncy erc eocque|c|y oce|| v||h.
Distribution
hc nnenc|e| v|ec||||y of |hc o|s|r|cu||on sys|cm |s unocr scvcrc
s|re|n.
Losses of Utilities selling directly to consumers
hc erce|c |osscs of u||||||cs sc|||n o|rcc||y |o consumcrs on
sucs|oy rccc|vco ces|s |ncrcesco from ` 34,728 crorc |n |hc
nnenc|e| ycer 2OO8-O9 |o `43,433 crorc |n nnenc|e| ycer 2OO9-1O.
ln |hc nnenc|e| ycer 2O1O-11 |hcsc |osscs s|ooo e| `38,821 crorc e
rcouc||on of `4,o12 crorc ,1O.o2%) ovcr nnenc|e| ycer 2OO9-1O.
hc erce|c |osscs v||hou| cons|ocr|n sucs|oy of |hcsc u||||||cs
|ncrcesco from `5O,441 crorc |n |hc nnenc|e| ycer 2OO8-O9 |o
ò2,5O8 crorc |n |hc nnenc|e| ycer 2OO9-1O. hc |osscs occrcesco
|o `59,2OO crorc |n |hc nnenc|e| ycer 2O1O-11 e rcouc||on of
`3,3O8 crorc ,5.29%) ovcr nnenc|e| ycer 2OO9-1O. ,Sourcc: ||C
rcpor| on S|e|c |ovcr 0||||||cs)
Veny S|e|cs hevc nov s|er|co |o |ncrcesc |er|ffs |n |hc |es| coup|c
of ycers |o cr|oc |hc rcvcnuc ep. hc Cec|nc| hes e|so epprovco
e ||nenc|e| |cs|ruc|ur|n ||en ,|||) for ||s|r|cu||on Compen|cs
,||scoms).
0nocr |||, Cec|nc| hes epprovco e occ| rcs|ruc|ur|n p|en for e||
S|e|c ||scoms hev|n eccumu|e|co |osscs eno fec|n o|fncu|||cs |n
nnenc|n opcre||one| |osscs. hc h|h||h|s erc es fo||ovs:
5O % of |hc ou|s|eno|n shor| |crm ||ec|||||cs ,S|) es of 31
s|
Verch 2O12 |o cc |e|cn ovcr cy S|e|c Govcrnmcn|s. h|s she||
cc nrs| convcr|co |n|o conos |o cc |ssuco cy ||scoms |o
per||c|pe||n |cnocrs ou|y cec|co cy |hc S|e|c Govcrnmcn|
ueren|cc.
37
th
hc S|e|c Govcrnmcn| v||| |e|c ovcr |hc ||ec||||y our|n |hc
ncx| |vo |o nvc ycers cy |ssuencc of spcc|e| sccur|||cs |n
fevour of per||c|pe||n |cnocrs |n e phesco menncr.
be|encc 5O % of |hc S| v||| cc rcschcou|co cy |cnocrs eno
scrv|cco cy |hc ||scoms v||h e more|or|um of |hrcc ycers on
pr|nc|pe| eno vou|o cc cec|co cy e S|e|c Govcrnmcn|
ueren|cc.
hc rcs|ruc|ur|n/rc-schcou|cmcn| of |oen |s |o cc
eccompen|co cy concrc|c eno mcesurec|c ec||on cy |hc
||scoms/S|e|cs |o |mprovc |hc opcre||one| pcrformencc of
|hc o|s|r|cu||on u||||||cs ,Sourcc: |ref| 12
|h
||en)
|ffcc||vc |mp|cmcn|e||on of |hc rcs|ruc|ur|n pec|ec our|n |hc
ll p|en vou|o scno e povcrfu| s|ne| |he| |hc povcr scc|or |s on
|hc pe|h of nnenc|e| v|ec||||y.
l| |s |mpor|en| |o no|c |he| /rce|c cchn|ce| eno Commcrc|e|
,/&C) |osscs rcme|nco h|h e| 2o.15% |n nnenc|e| ycer 2O1O-11
eno nccos |o cc crouh| oovn. ,Sourcc: C|/)
SHORT TERM POWER MARKET
/ shor|-|crm povcr mer|c| cen hc|p c|cc|r|c||y prov|ocrs procurc
unp|ennco eno nuc|ue||n povcr rcqu|rcmcn|s, eno on |hc
sc||crs' s|oc, cnec|c povcr proouccrs es vc|| es procurcrs |o sc||
|hc|r surp|us povcr. reo|n of c|cc|r|c||y |n lno|e hes p|c|co up
cons|ocrec|y ef|cr |hc eovcn| of ||cc|r|c||y /c|, 2OO3 ,|/ 2OO3)
vh|ch rccon|zcs |reo|n es e o|s||nc| ||ccnsco ec||v||y. ln fu|urc,
|hc quen|um of c|cc|r|c||y |reoco |n |hc shor| |crm mer|c| |s |||c|y
|o rov cons|ocrec|y es |hc ncv cncre||n cepec||y of meny l||s
p|en|s |s no| ||co up |n |on |crm ||/s.
hc fo||ov|n cher| shovs |hc c|ess|nce||on of shor| |crm
|rensec||ons of c|cc|r|c||y eno pcrccn|ec of such |rensec||ons of
|o|e| cncre||on:
Veor p|eycrs |n povcr |reo|n cus|ncss |nc|uoc |C lno|e ||o.,
||C v|oyu| vyeper ||em ||o., e|e |ovcr reo|n Co. ,|) ||o.,
!S\ |ovcr reo|n Compeny ||o., /oen| |n|crpr|sc ||o. eno
|c||encc |ncry reo|n ,|) ||o. /rouno 8O% sherc of c|cc|r|c||y
ves |rensec|co cy |hcsc ||ccnsccs |n nnenc|e| ycer 2O12-13.
,Sourcc: C||C)
Open Access
hc ||cc|r|c||y /c|, 2OO3, menoe|cs |he| non-o|scr|m|ne|ory opcn
ecccss for |n|cr-s|e|c es vc|| es |n|re-s|e|c |rensm|ss|on eno
o|s|r|cu||on nc|vor|s cc prov|oco cy |hc u||||||cs.
|ur|n |hc nnenc|e| ycer 2O11-12, 24111 |n|cr-s|e|c shor| |crm
opcn ecccss |rensec||ons ,|nc|uo|n c||e|cre| eno co||cc||vc) vcrc
epprovco for se|c of oo987 V0. |ur|n |hc nnenc|e| ycer 2O12-13
,up |o |ovcmccr, 2O12) se|c of 48OO8 V0 hes cccn epprovco
|hrouh 21185 |n|crs|e|c c||e|cre| eno co||cc||vc shor|-|crm opcn
ecccss |rensec||on. ,Sourcc: |conom|c Survcy 2O12-13)
EXPANDING ACCESS TO POWER
Rural Electrication
hc Ccn|re| Govcrnmcn| |eunchco e schcmc '|e|v Genoh|
Gremccn v|oyu|||eren /oene' ,|GGv/) |n /pr|| 2OO5 v||h |hc oe|
of c|cc|r|fy|n e|| un-c|cc|r|nco v|||ecs eno hem|c|s eno prov|o|n
ecccss |o c|cc|r|c||y |o e|| houscho|os. 0nocr |GGv/, ovcr 1 |e|h
v|||ecs hevc cccn c|cc|r|nco eno ovcr 2 crorc conncc||ons hevc
cccn prov|oco |o bc|ov |ovcr|y ||nc ,b||) houscho|os up |o
15.Oo.2O13. |ure| c|cc|r|nce||on con|r|cu|cs |n e |on vey |o |hc
Govcrnmcn|'s occc||vc of |nc|us|vc rov|h. ,Sourcc: |GGv/
vccs||c)
R-APDRP
|cs|ruc|urco /ccc|cre|co |ovcr |cvc|opmcn| eno |cforms
|roremmc ,|-/||||) ves epprovco es e Ccn|re| scc|or schcmc
on 31.O7.2OO8 v||h |o|e| ou||ey of ` 51,577 crorc. hc focus of
|-/|||| |s on ec|ue|, ocmons|rec|c pcrformencc |n |crms of
rcouc||on |n /rce|c cchn|ce| eno Commcrc|e| ,/&C) |osscs
|hrouh epp||ce||on of |nforme||on |cchno|oy for cncry euo|||n
eno eccoun||n eno |hrouh |cchno|o|ce| up-reoe||on eno
s|rcn|hcn|n of o|s|r|cu||on |nfres|ruc|urc. |rocc|s unocr
|-/|||| erc prcscn||y |e|cn up |n |vo per|s. ,Sourcc: |ref|
12
|h
||en)
|er| / focusco on cs|ec||sh|n rc||ec|c eno eu|ome|co sys|cm for
sus|e|nco co||cc||on of eccure|c cesc||nc oe|e, eno |hc eoop||on
of l |n |hc erces of cncry eccoun||n eno euo|||n eno consumcr-
cesco scrv|ccs. |er| b |nc|uocs procc|s |o s|rcn|hcn |hc
o|s|r|cu||on sys|cm.
Vos| of |er| / procc|s hevc cccn everoco. hcsc erc unocr
|mp|cmcn|e||on eno e| e s|ec of eovencco prorcss |n scvcre|
S|e|cs.
/|||| eno |-/|||| hevc cccn succcssfu| |n cr|n|n oovn |hc
/&C |osscs from 38.8o% |n 2OO1-O2 |o 2o.15% |n 2O1O-11.
|ovcvcr, |osscs erc s|||| e| e h|hcr |cvc| eno fer cch|no |hc
|erc|co rcouc||on of /&C |osscs |o 15%. ,Sourcc: C|/)
POLICY FRAMEWORK
hc lno|en povcr scc|or |s ovcrnco cy |hc ||cc|r|c||y /c|, 2OO3
vh|ch prov|ocs |hc ovcre|| |c|s|e||vc fremcvor|.
12
1O
8
o
4
2
12O
1OO
8O
oO
4O
2O
O
B
U
i
n

%
9
28.O8
27.7o
24.7o
15.52
15.54
23.O2
1O.25
15.37 14.52
25.81
7.19
o.19
2o.72
2OO9-1O
||rcc||y c|v
|lSCOVs
0l
reocrs
|ovcr |xchenc
% of |o|e| cncre||on
2O1O-11 2O11-12 2O12-13
27.7O
35.84
3o.o4
10
11 11
,Sourcc: C||C, |cpor| on Shor| crm |ovcr Ver|c| 2O11-12 &
Ver|c| Von||or|n |cpor|s 2O12-13)
37
th
o5.91
81.55
94.51
98.94
37
th
th
||cc|r|c||y /c|, 2OO3 hes promo|co e ||ccre|, |renspercn| eno
cnec||n |ce| fremcvor| for povcr ocvc|opmcn| for crce||on of
e compc||||vc cnv|ronmcn| eno rcform|n o|s|r|cu||on scmcn| of
povcr |nous|ry. l| e||ovs opcn ecccss |n |rensm|ss|on eno
o|s|r|cu||on. l| prov|ocs for rcu|e|ory ovcrs|h| for nxe||on of
|er|ff.
Ccn|re| Govcrnmcn| hes e|so fremco fo||ov|n po||c|cs for ovcre||
ocvc|opmcn| of |hc scc|or:
|e||one| ||cc|r|c||y |o||cy, 2OO5
er|ff |o||cy, 2OOo
|ure| ||cc|r|nce||on |o||cy, 2OOo
|yoro |ovcr |o||cy, 2OO8
|cv|sco Vce |ovcr |rocc| |o||cy, 2OO9
VARIOUS INITIATIVES OF THE GOVERNMENT
Veor po||cy/ p|ens/rcu|e|ory |n|||e||vcs:
e) |cvc|opmcn| of povcr procc|s on |er|ff cesco c|oo|n
c) |cvc|opmcn| of 0||re Vce |ovcr |rocc|s
c) /||oce||on of cep||vc coe| c|oc|s
o) |yoro povcr po||cy, 2OO8
c) |r|ve|c scc|or per||c|pe||on |n |rensm|ss|on Scc|or
f) !eveher|e| |chru |e||one| So|er V|ss|on -|overos cu||o|n
so|er lno|e
) |-/||||
h) ln|cr-S|e|c reo|n Ver|n |cu|e||ons, 2O1O
|) |cv lno|en ||cc|r|c||y Gr|o Cooc ,l|GC), 2O1O
) C||C ,Opcn /cccss |n ln|cr-S|e|c rensm|ss|on) |cu|e||ons,
2OO8
|) |cu|e||ons on crms eno Cono|||ons for er|ff oc|crm|ne||on
from |cncvec|c |ncry Sourccs', 2OO9.
|) ||nenc|e| |cs|ruc|ur|n ||en for ||scoms
m) |cmeno S|oc Venecmcn| ln|||e||vcs c..
|. |e||one| V|ss|on for |nhencco |ncry |fnc|cncy
,|V|||)
||. |crform /ch|cvc eno reoc Schcmc
|||. |ncry Conscrve||on bu||o|n Cooc ,|CbC)
REGULATORY DEVELOPMENTS IN FINANCIAL YEAR 2012-13
hc |mpor|en| rcu|e|ory ocvc|opmcn|s of nnenc|e| ycer 2O12-13
erc es fo||ovs:
1. Third amendment to Central Electricity Regulatory
Commission (CERC) Tariff Regulations 2009-14:
C||C hes |ssuco |hc h|ro /mcnomcn| |o 2OO9-14 er|ff
|cu|e||ons on 31.12.2O12. hc se||cn| po|n|s of |h|s emcnomcn|
erc es fo||ovs:
|xpcno||urc |ncurrco or procc|co |o cc |ncurrco on eccoun|
of crce||on of |nfres|ruc|urc for supp|y of rc||ec|c povcr |o
rure| houscho|o v||h|n e reo|us of 5 |m of |hc povcr s|e||on,
|f |hc cncre||n compeny oocs no| |n|cno |o mcc| such
cxpcnscs es per| of ||s CS| hes cccn e||ovco es per| of cep||e|
cos| ef|cr cu|-off oe|c. ,|ovcvcr, schcmc for prov|o|n
c|cc|r|c||y v||h|n 5 |m reo|us of Ccn|re| |ovcr ||en|s hes cccn
v||horevn cy V|n|s|ry of |ovcr on 25.O3.2O13).
Gcncre||n compeny she|| prov|oc |o |hc ccncnc|er|cs oc|e||s
of peremc|crs of GCv eno pr|cc of e|| ||nos of fuc|, oc|e||s of
c|cno|n re||o of |mpor|co coe|, propor||on of c-euc||on
coe| eno vc|h|co evcrec GCv es rccc|vco.
|c|urn on |qu||y ,|O|) for pumpco s|orec hyoro cncre||n
s|e||ons eno run of |hc r|vcr s|e||ons v||h ponoec hes cccn
|ncrcesco from 15.5% |o 1o.5%.
|ccs eno chercs of |c|one| |oeo ||spe|ch Ccn|rcs ,|||Cs)
pe|o cy cncre||n compen|cs eno |n|cr-s|e|c |rensm|ss|on
||ccnsccs she|| cc e pess |hrouh |n |er|ff.
2. CERC order on Benchmarking of Capital Cost
C||C hes |ssuco en orocr on |hc ccnchmer||n of cep||e| cos| of
coe| cesco |hcrme| povcr procc|s on O4.Oo.2O12. hc se||cn|
po|n|s of |h|s orocr erc es fo||ovs:
C||C hes ocvc|opco ccnchmer| norms ,e| |cccmccr 2O11
pr|ccs) for cep||e| cos| of |hcrme| povcr un||s of
5OO/oOO/ooO/8OO V\ cesco on e croeo cesco oynem|c
nnenc|e|/pr|c|n mooc|.
hc nnenc|n cos|, l|C, |excs eno ou||cs, r|h| of vey
chercs, cos| of |&| erc no| fec|orco |n ccnchmer| cos|.
C||C v||| usc |hc ccnchmer| cos| for pruocncc chcc| of |hc
ovcre|| cos| eno no| pec|ec v|sc cos|.
Venoe|ory pec|ecs hevc cccn fec|orco |n |hc mooc|
vhcrces op||one| pec|ecs |||c VG|, |e||vey s|o|n,
|ocomo||vc c|c. v||| cc eccoun|co scpere|c|y cesco on fec|s
of cesc eno ocv|e||on ceusco.
lno|ccs erc usco on ver|ous componcn|s of |hc pec|ec |||c
me|cr|e|, |ecour c|c. |o err|vc e| |hc cos| e| eny per||cu|er oe|c.
|cv|e||on on eccoun| of |no|ccs usco or eny o|hcr spcc|nc
|ssucs |||c cos| of c|v|| vor|s ocpcno|n upon s||c spcc|nc
oc|e||s vou|o cc oce|| on cesc |o cesc ces|s.
bcnchmer| cos| mey cc rcv|cvco eno upoe|co on o mon|h|y
ces|s or e| such |n|crve| es mey cc occ|oco cy |hc C||C.
3. Third Amendment to grant of connectivity, long-term
access and medium term open access Regulations
hrouh |h|s emcnomcn| C||C e||ovco conncc||v||y for eny
rcncvec|c cncry cncre||n s|e||on of 5 V\ cepec||y eno
ecovc cu| |css |hen 5O V\ cepec||y cc|n ocvc|opco cy e
cncre||n compeny |n ||s cx|s||n cncre||n s|e||on eno scc||n
conncc||v||y |o |hc cx|s||n conncc||on po|n| v||h |n|cr-s|e|c
|rensm|ss|on sys|cm |hrouh |hc c|cc|r|ce| sys|cm of |hc
cncre||n s|e||on.
POWER SECTOR OPPORTUNITIES AND THREATS
OPPORTUNITIES
\||h popu|e||on eno cconomy rov|n e| e rep|o pecc eno e
v|oc ep cc|vccn ocmeno eno supp|y, |hc lno|en povcr scc|or
offcrs s|ron oppor|un||y |o |nous|ry per||c|pen|s.
Huge Investments envisaged for Power Sector
o|e| |nvcs|mcn|s for |hc lno|en povcr scc|or, es procc|co cy |hc
ln|cr|m |cpor| of ||h |cvc| Comm|||cc on nnenc|n |nfres|ruc|urc,
/uus| 2O12 for |hc ll p|en, s|eno e| `17,47,323 crorc ,|nc|uo|n
non convcn||one| cncry). h|s prov|ocs cnouh oppor|un|||cs |o
ver|ous cn||||cs |n |hc povcr scc|or |n corc ec||v|||cs of cncre||on,
|rensm|ss|on eno o|s|r|cu||on es vc|| es |nfres|ruc|urc nnencc
|ns|||u||ons.
37
th
Demand for Electricity
hc ocmeno for povcr hes ou|s|r|ppco |hc supp|y. hc cncry
ocnc|| & pce| ocnc||, h|h |rensm|ss|on eno o|s|r|cu||on ,&|)
eno /&C |osscs eno |hc c|cc|r|c||y ocmeno cy cno of ll p|en
cn|e||s |erc cepec||y cxpens|on cy Ccn|re|, S|e|c eno |r|ve|c
scc|or/p|eycrs |oc|hcr.
Transmission
S|rcn|hcn|n of |rensm|ss|on nc|vor| v||h cmphes|s on rcouc||on
|n /&C |osscs |s |mpor|en| e|on v||h cxpens|on of cncre||on
cepec|||||cs. hc |cchno|o|ce| |nnove||ons for |rensm|ss|on ||ncs
of 7o5 |v eno 1,OOO1,2OO |v erc of rce| rc|cvencc |o rcoucc
|eno rcqu|rcmcn| eno |rensm|ss|on |osscs. Grce|cr rc||encc v|||
hevc |o cc p|ecco on es |nsu|e|co sucs|e||ons vh|ch ncco ecou|
2O % of |hc specc rcqu|rco for convcn||one| s|e||ons. h|s |s en
erce vhcrc puc||c |nvcs|mcn| cen cc supp|cmcn|co cy pr|ve|c
|nvcs|mcn| eno e s|er| hes cccn meoc |n |hc l p|en.
Renewable Energy Sources (RES)
/|| ovcr |hc vor|o, |nvcs|mcn| |n rcncvec|c cncry sourccs hes
cccn |ncrces|n. lno|e hes cccn e |e|c cn|ren| |n|o |hc nc|o of
rcncvec|c cncry, cu| || |s cc|nn|n |o me|c rep|o s|r|ocs |n |h|s
scc|or.
Somc of |hc |cy |ssucs fec|n rcncvec|c povcr cncre||on erc:
1. |c|one| conccn|re||on of rcncvec|c cncry po|cn||e|
2. lnsufnc|cncy eno h|h cos| of cvecue||on |nfres|ruc|urc
3. |cncvec|c povcr, cspcc|e||y so|er, |s s|n|ncen||y cos|||cr
|hen convcn||one| povcr
Ou| of e |erc| of 4 G\ ||S cepec||y eoo|||on unocr Gr|o
ln|crec||vc |ovcr, 3 G\ hes cccn ec|ue||y ocp|oyco our|n |hc
nnenc|e| ycer 2O12-13. Cumu|e||vc ech|cvcmcn| of ||S up|o
31.O3.2O13 |s epprox|me|c|y 28 G\. ,Sourcc: V||| \ccs||c)
|ref| 12
|h
p|en, |n ||nc v||h procc||ons of V|n|s|ry of |cv eno
|cncvec|c |ncry, p|ens ~3O G\ for cepec||y eoo|||on of r|o-
|n|crec||vc rcncvec|c povcr our|n |hc ll p|en.
XII plan RES Capacity Addition Projection
/n |mpor|en| |n|||e||vc cy Govcrnmcn| |o coos| ||S |s |n|roouc||on
of |cncvec|c |ncry Ccr||nce|c Schcmc ,||C). ||C cnec|cs
o|s|r|cu||on compen|cs, cep||vc p|en|s eno opcn ecccss
consumcrs |o fu|n| |hc|r |cncvec|c |urchesc Oc||e||ons. \h||c
rcncvec|c cncre|ors cen rccc|vc eoo|||one| rcvcnuc, cuycrs erc
ec|c |o mcc| oc||e||ons v||hou| |nvcs||n |n|o cncre||n
cepec|||cs. hc ||C |reo|n |n lno|e |s p|c||n up reoue||y. Scvcre|
o|hcr |n|||e||vcs cy ovcrnmcn| |nc|uoc cs|ec||shmcn| of |e||one|
lns|||u|c of So|er |ncry, |e||one| b|o-|ncry Corpore||on of lno|e,
|cncvec|c |ncry |cvc|opmcn| |uno c|c.
Hydro Potential large untapped potential
hc |ocn||nco hyoroc|cc|r|c po|cn||e| of |hc coun|ry |s ecovc
14532O V\ ,cxc|uo|n sme|| hyoro procc|s of |css |hen 25 V\).
|ovcvcr, |ns|e||co cepec||y of hyoro c|cc|r|c procc|s, es on
31.O3.2O13, |s on|y 39491.4O V\. hc me|n rcesons for s|ov
ocvc|opmcn| of hyoroc|cc|r|c povcr erc |necccss|c|c po|cn||e|
s||cs, o|fncu|||cs |n |eno ecqu|s|||on, co|o|ce| surpr|scs,
cvecue||on of povcr c|c.
Nuclear Potential
lno|e's |on-|crm nuc|cer povcr proremmc |s cesco on u||||s|n
|hc ves| |no|cnous |hor|um rcsourccs for c|cc|r|c||y cncre||on.
lno|e's uren|um rcsourccs cen suppor| e nrs|-s|ec proremmc of
ecou| 1OOOO V\ cesco on |rcssur|sco |cevy \e|cr |cec|ors
us|n ne|ure| uren|um es fuc| eno hcevy ve|cr es moocre|or eno
coo|en|. |ncry po|cn||e| of ne|ure| uren|um cen cc |ncrcesco |n
|hc sccono s|ec |hrouh |es| brccocr |cec|ors vh|ch u||||zc
p|u|on|um oc|e|nco from |hc rccyc|co spcn| fuc| of |hc nrs| s|ec
e|on v||h |hor|um es c|en|c|, |o prooucc 0-233. \||h |hc
ocp|oymcn| of |hor|um e| |h|ro s|ec us|n 0-233 es fuc|, |hc
cncry po|cn||e| for c|cc|r|c||y cncre||on v||| cc |erc eno
sucs|en||e|, |hus, prov|o|n |hc |nous|ry |rcmcnoous oppor|un||y
|n menufec|ur|n cqu|pmcn|s, componcn|s eno heno||n of mce
pec|ec con|rec|s for |hcsc rcec|ors ,Sourcc: ||Cl|).
/s on 31.O3.2O13, |uc|cer |ovcr |ns|e||co cepec||y ves 478O V\
compr|s|n 2.14% of |hc |o|e| |ns|e||co cepec||y of |hc coun|ry.
hc lno|en nuc|cer povcr |nous|ry |s cxpcc|co |o unocro e
s|n|ncen| cxpens|on |n |hc com|n ycers ouc |o 0.S.-lno|e C|v||
|uc|cer /rccmcn|. h|s erccmcn| v||| e||ov lno|e |o s|n|ncen||y
cnhencc ||s povcr cncre||on cepec||y.
Research and Development (R&D) in Power Sector
hcrme|, hyoro, rcncvec|c cncry sourccs erc |hc |cy erces |n |hc
cncre||on scc|or. |&| |n|||e||vcs erc per||cu|er|y rcqu|rco |o
|mprovc cqu|pmcn| pcrformencc, eu|ome||on, mcchen|sm for cu||
u||||se||on of ny esh, con|ro| of CO
2
, SOx, |Ox eno mcrcury |n coe|-
cesco |hcrme| povcr p|en|s. /fforoec|c rcncvec|c cncry c|c.
ncco |o cc focussco on. Veor |uc||c Scc|or 0n||s & |r|ve|c p|eycrs
|nvo|vco shou|o cc cncoureco |o oo |hc ncccssery |&|.
THREATS
Inadequate Fuel Supply
/||houh |hc pecc of crce||on of cncre||on cepec||y hes p|c|co
up cons|ocrec|y, |hc fuc| supp|y cepec||||y hes no| |cp| pecc eno
scr|ous fuc| supp|y proc|cms hevc er|scn |n |hc |es| ycer of |hc l
p|en. S|ncc epprox|me|c|y 8O% of |hc eoo|||one| cncre||n
cepec||y v||| cc coe|-cesco, rcso|u||on of coe| supp|y |o |hc
povcr p|en|s com|n on s|rcem v||| cc cruc|e|. hc rcqu|rcmcn|
of coe|, ||n||c & es for povcr scc|or e| |hc cno of ll p|en pcr|oo
|.c. nnenc|e| ycer 2O1o-17 |s es unocr:
\|no
Cocncre||on from beessc
So|er
O|hcrs
\es|c |o |ncry
30000 MW
Off Grid Grid Interactive
3400 MWe
Others,5000
Wind,
15000
Solar,
10000
4OOOO
3OOOO
2OOOO
1OOOO
O
37
th
37
th
th
Fuel Requirement Availability
Coe| 73O V 55O V
||n||c 4o V 4o V
Ges/||G 2O7 VVSCV| 1O2 VVSCV|
,Sourcc: |ref| 12
|h
p|en)
hc v|ocn|n ep cc|vccn ocmeno eno supp|y hes |o cc mc| cy
|mpor|s.
|cccn||y, Cec|nc| Comm|||cc on |conom|c /ffe|rs hes epprovco
e ncv mcchen|sm |o cnsurc coe| eve||ec||||y |o 78 G\ of povcr
procc|s |||c|y |o cc comm|ss|onco cy Verch 2O15.
ln eoo|||on |o |epp|n fuc| sourcc or oren|z|n ||s eve||ec||||y, || |s
e|so ncccssery |o crce|c |hc rcqu|s||c |nfres|ruc|urc |o fec||||e|c
fuc| |o rcech |hc |n|cnoco ocs||ne||on. hc cs|e||on pcr|oo |n |hc
ocvc|opmcn| of m|ncs eno cvcn |renspor| fec|||||cs |s |n somc
cescs |oncr |hen |hc cs|e||on pcr|oo for sc|||n up of |hcrme|
povcr s|e||ons vh|ch fur|hcr compounos |hc proc|cm of
eve||ec||||y of fuc|.
|ovcvcr, Govcrnmcn| |s |e||n |n|||e||vcs for eve||ec||||y of |npu|s
for |hc ocvc|opmcn| of |hc povcr scc|or. |uc |o unfevorec|c
ocmeno-supp|y ce|encc of hyorocercons |n lno|e, Govcrnmcn| |s
cncoure|n ne||one| o|| compen|cs |o pursuc cqu||y o|| eno es
oppor|un|||cs ovcrsces. ||rcc|or Gcncre| of |yorocercons hes
e|so |n|||e|co s|cps |o |ocn||fy prospcc||vc erces for she|c es
cxp|ore||on es lno|e hes scvcre| she|c forme||ons vh|ch sccm |o
ho|o es.
lnsp||c of ver|ous mcesurcs |e|cn cy Govcrnmcn|, non- eve||ec||||y
of coe| eno es |n ocs|rco quen|||y vou|o hevc en eovcrsc |mpec|
on |hc ovcre|| pcrformencc of |hc povcr scc|or.
Financial health of state distribution utilities
hc o|s|r|cu||on scmcn| p|eys e cruc|e| ro|c |n |hc ovcre||
func||on|n of |hc povcr scc|or es || |s |hc per| of |hc sys|cm
vh|ch cncre|cs |hc rcvcnucs nccoco |o pey cncre||on eno
|rensm|ss|on u||||||cs. hc v|ec||||y of |hc povcr scc|or es e vho|c
|s |hcrcforc cr|||ce||y ocpcnocn| on |hc hce||h of |hc o|s|r|cu||on
scc|or. |oor nnenc|e| hce||h of u||||||cs hes rcsu||co |n
unocr|nvcs|mcn| |n |hc o|s|r|cu||on nc|vor| ceus|n poor up|ccp
eno me|n|cnencc. Conscqucn||y, |hc que|||y of supp|y |s
hempcrco, |ceo|n |o cus|omcr o|sse||sfec||on eno poor rccovcry.
h|s, |n |urn, |ceos |o fur|hcr oc|cr|ore||on of nnenc|e| hce||h of
u||||||cs. h|s v|c|ous cyc|c nccos |o cc cro|cn.
|ffcc||vc |mp|cmcn|e||on of |hc nnenc|e| rcs|ruc|ur|n p|en our|n
|hc ll p|en vou|o cc e pos|||vc s|cp |overos |hc pe|h of nnenc|e|
v|ec||||y.
Other Key Concerns:
,e) ||fncu||y |n oc|e|n|n cnv|ronmcn|e| epprove|s eno |eno
c|cerenccs.
,c) hc cnhencco compcnse||on for |eno ecqu|s|||on |n |hc ncv
|eno /cqu|s|||on b||| v||| me|c |hc sc|||n up of procc|s
cos||y.
,c) /ve||ec||||y of ve|cr for povcr p|en|s eno usc of ncv
|cchno|o|cs |o rcoucc |hc rcqu|rcmcn| of ve|cr.
LONG TERM OUTLOOK
hc |on |crm ou||oo| of |hc scc|or cen cc euco from |hc
fo||ov|n s|e||s||cs rc|e||n |o c|cc|r|c||y es procc|co cy |hc 18
|h

||cc|r|c |ovcr Survcy ,18
|h
||S):
Parameters FY 2021-22 FY 2026-27 FY 2031-32
||cc|r|ce| |ncry
|cqu|rcmcn| ,b0)
19O4.8o 271O.Oo 371O.O8
|ce| ||cc|r|c |oeo
,G\)
283.47 4OO.71 541.82
&| |osscs ,%) 15.39 15.34 15.29
|oeo |ec|or 7o.93 7o.43 75.93
/s rcncc|co ecovc, |hc ocmeno |s sc| |o oouc|c from nnenc|e|
ycer 2O21-22 |o nnenc|e| ycer 2O31-32, |no|ce||n huc rov|h
po|cn||e| of |hc scc|or.
COMPANY OVERVIEW
NTPC LEADERSHIP POSITION IN INDIAN POWER SECTOR
/our compeny |s |hc uno|spu|co |ceocr |n lno|en povcr scc|or,
v||h epprox|me|c|y 18.44% of |o|e| |ns|e||co cepec||y of |hc
coun|ry es on 31.O3.2O13, your Compeny con|r|cu|cs |o erouno
27.37% of |hc coun|ry's cncre||on our|n |hc nnenc|e| ycer
2O12-13.
All India NTPC % share
Cepec||y ,V\) 223344 3582O 1o.O4
Gcncre||on ,b0) 912.Oo* 232.O3 25.44
Cepec||y |nc|. !vs ,V\) 223344 41184 18.44
Gcncre||on |nc|. !vs ,b0) 912.Oo* 249.59** 27.37
* |nc|uoc |mpor|s from bhu|en, **|nc|uoc 2.oO b0 cep||vc
,Sourcc: /|| lno|e |e|e - C|/)
/our Compeny |s ren|co 1
s|
|n /s|e emon |oce| c|cc|r|c u||||||cs
es pcr |orccs G|oce| 2OOO ren||n puc||shco |n |hc ycer 2O13. l| |s
e|so ren|co es 384
|h
|ercs| compeny |n |hc vor|o |n |hc |orccs
G|oce|, 2O13 ren||ns. /our Compeny |s e|so ren|co no.1
lnocpcnocn| |ovcr |roouccr eno |ncry reocr |oce||y |n |hc
||e||s op 25O G|oce| cncry compeny ren||ns -2O12.
/our Compeny esp|rcs |o cc |hc vor|o's |ercs| eno ccs| povcr
proouccr, v||h e m|ss|on |o ocvc|op eno prov|oc rc||ec|c povcr,
rc|e|co proouc|s eno scrv|ccs e| compc||||vc pr|ccs, |n|cre||n
mu|||p|c cncry sourccs v||h |nnove||vc eno cco-fr|cno|y
|cchno|o|cs eno con|r|cu|c |o soc|c|y.
STRENGTHS
Operational Performance
hc opcre||n pcrformencc of |hc Compeny hes cccn cons|ocrec|y
ecovc |hc ne||one| evcrec. |ur|n |hc nnenc|e| ycer 2O12-13,
your Compeny hes cncre|co ~27% of |hc coun|ry's |o|e| povcr
cncre||on v||h en |ns|e||co cepec||y of ~18% of |hc |o|e| |ns|e||co
cepec||y. Ovcr |hc ycers, your Compeny hes cons|s|cn||y opcre|co
e| much h|hcr opcre||n cfnc|cncy es comperco |o e|| lno|e
opcre||n pcrformencc.
ln orocr |o sus|e|n |hc |mprcss|vc opcre||one| cfnc|cncy |cvc|s, |hc
compeny's s|re|cy |nc|uocs:
\||h |hc e|m of |mprov|n sys|cm v|oc rc||ec||||y, rcouc|n
me|n|cnencc cos|s eno ou|ecs, S/CS ,Spcc|e| /ne|y||cs &
Compu|e||one| Scrv|ccs) Ccn|rc hes cccn cs|ec||shco e| ||s
|n|nccr|n Ofncc |n |o|oe. l| prov|ocs cer|y vern|n of
s|ov|y cvo|v|n cqu|pmcn| proc|cms |o |hc rcmo|c|y |oce|co
p|en| pcrsonnc| us|n s|e|c of |hc er| |cchno|o|cs.
37
th
0sc of |oo|s |||c l|//S ,ln|cre|co |e|e /cqu|s|||on eno
/ne|ys|s Sys|cm) for on-s||c cfnc|cncy cve|ue||on eno me|h-
mooc||n |oo|s |||c |||S| ,|crformencc |ve|ue||on of |ovcr
Sys|cm |fnc|cnc|cs) for vcr|fy|n cqu|pmcn| eno sys|cm
cfnc|cnc|cs eno ep |ocn||nce||on, S|cem pe|h euo|| for
cs||me||on of so||o per||c|c cros|on ,S||) eno cfnc|cncy of
s|cem |urc|nc componcn|s c|c.
ln|roouc||on eno ro|| ou| of |CV ,|c||ec||||y Ccn|crco
Ve|n|cnencc), |nc|uo|n ||/| ,||s| |ve|ue||on eno
|r|or|||ze||on).
|nhenc|n que|||y of ||en| Ovcrheu|s |o |erc| zcro forcco
ou|ec cy ocs|n.
lmp|cmcn|e||on of Ovcrheu||n |crformencc lnocx ,O|l) for
sys|cme||c eno eovencco p|enn|n of ovcrheu|s.
Sc|||n up e Ccn|re| |cpe|r |ec||||y e| ||heno |o unocr|e|c |n-
housc rcpe|r of |erc cqu|pmcn| |nc|uo|n |urc|ncs eno |
mo|ors, |n orocr |o |mprovc eve||ec||||y eno rc||ec||||y es vc||
es |o rcoucc oovn||mc of |hc un||s.
Crce||on of pccr roup |nov|coc |cems for cech cqu|pmcn|
|o hermon|zc |hc ccs| prec||ccs e| cn|crpr|sc |cvc|.
0sc of e comprchcns|vc |crformencc |ve|ue||on Ve|r|x ,||V)
for rc|e||vc cve|ue||on of |hc pcrformencc of ver|ous povcr
p|en|s ovcr e sc| of comprchcns|vc pcrformencc |no|ce|ors
|o crce|c en cnv|ronmcn| of |n-housc che||cnc eno
compc||||on.
0sc of |l Sys|cm & |l Sys|cm cesco epp||ce||ons for rce| ||mc
cfnc|cncy & |oss ce|cu|e||ons for cnsur|n cer|y ec||ons |o
m|n|m|zc s|e||on |osscs.
Project Management
/our Compeny hes eoop|co en |n|cre|co sys|cm for |hc p|enn|n,
schcou||n, mon||or|n eno con|ro| of epprovco procc|s unocr
|mp|cmcn|e||on. o co-oro|ne|c eno synchron|sc e|| |hc suppor|
func||ons of procc| menecmcn| || rc||cs on e |hrcc-||crco procc|
menecmcn| sys|cm |novn es |hc ln|cre|co |rocc| Venecmcn|
eno Con|ro| Sys|cm ,l|VCS) vh|ch |n|cre|cs ||s cn|nccr|n
menecmcn|, con|rec| menecmcn| eno cons|ruc||on
menecmcn| con|ro| ccn|crs. hc l|VCS eoorcsscs e|| s|ecs of
procc| |mp|cmcn|e||on from conccp| |o comm|ss|on|n.
|cco|css |o sey, |he| |hc |ocn||nce||on of cr|||ce| |ssucs eno |hc|r
||mc|y rcso|u||on |s cruc|e| for fes|cr procc| |mp|cmcn|e||on. o
ech|cvc |h|s, your Compeny hes cs|ec||shco e s|e|c-of-|hc-er| l
cnec|co |rocc| Von||or|n Ccn|rc ,|VC) for fec||||e||n fes| |rec|
procc| |mp|cmcn|e||on. |VC fec||||e|cs mon||or|n of |cy procc|
m||cs|oncs eno e|so ec|s es occ|s|on suppor| sys|cm for |hc
menecmcn|. |VC |s |n|cre|co cn|crpr|sc-v|oc es e vcc cesco
co||ecore||vc sys|cm |o fec||||e|c conso||oe||on of procc| rc|e|co
|ssucs eno ||s rcso|u||on. |ce|urcs |||c SVS cesco |nforme||on
oc||vcry, rce| ||mc v|oco cep|urc, s|orec & rc|r|cve| fec||||y eno
v|oco confcrcncc fec||||y erc cx|cns|vc|y u||||zco for procc|
|rec||n, |ssucs rcso|u||on eno menecmcn| |n|crvcn||ons on e
rcu|er ces|s.
/our Compeny hes rce||zco |he| |hcrc |s e ncco |o hevc en |||
p|e|form vh|ch she|| |n|cre|c e|| func||ons rcspons|c|c o|rcc||y or
|no|rcc||y v||h procc| |mp|cmcn|e||on eno she|| ec| es e |oo| |o
|ocn||fy cr|||ce| |ssucs eno con||nuous|y eoorcss |hcm our|n
procc| |mp|cmcn|e||on phesc ||sc|f. /our Compeny |s cs|ec||sh|n
en |n|cre|co ||| p|e|form for mon||or|n eno con|ro|||n of
cr|||ce| procc| ec||v|||cs sprceo ecross ver|ous func||ons
cn|nccr|n, con|rec|s, nnencc eno cxccu||on. h|s v||| hc|p |n
occ|s|on suppor| |hrouh ||mc|y |ocn||nce||on of cr|||ce| |npu|s
eno prov|oc e ho||s||c epproech |overos procc| |mp|cmcn|e||on.
hc ccncn| cxpcc|co |o cc eccruco |hrouh |hc |n|crfecc |s
focusco mon||or|n of ver|ous |npu|s |nc|uo|n orev|ns, me|cr|e|s
eno cxccu||on v.r.| meor procc| m||cs|oncs.
/our Compeny hes succcssfu||y cffcc|co s|enoero|ze||on eno cu||
orocr|n of ooO V\ eno 8OO V\ |o rcoucc cn|nccr|n ||mc eno
|hcrccy rcoucc procc| cxccu||on ||mc. overos |h|s cnocevour,
your Compeny hes so fer everoco n|nc ooO V\ un||s e| So|epur &
Vouoe |n Veheresh|re, Vce |n 0||er |reocsh ,!v v||h 0||v||) eno
|ec|neer ,!v v||h bS|GC|) |n b|her, scvcn 8OO V\ un||s e| |uo|
|n |erne|e|e, |ere |n Chhe|||serh eno Geoervere |n Veohye |reocsh.
Robust nancials and systems
/our Compeny hes s|ron nnenc|e| sys|cms |n p|ecc. l| cc||cvcs
|n pruocn| menecmcn| of ||s nnenc|e| rcsourccs eno s|r|vcs |o
rcoucc |hc cos| of cep||e|. l| hes rocus| nnenc|e|s |ceo|n |o
s|ron cesh novs vh|ch erc cc|n prorcss|vc|y ocp|oyco |n
cncre||n essc|s. /our Compeny hes e s|ron ce|encc shcc|
coup|co v||h |ov cer|n eno hce||hy covcrec re||os. /s e
rcsu||, your Compeny hes cccn ec|c |o re|sc rcsourccs for ||s
cep||e| cxpens|on procc|s e| vcry compc||||vc |n|crcs| re|cs.
/our Compeny hes cccn eccoroco /// ,r|p|c /) re||n for
oomcs||c |oens & conos from C|lSl|, lC|/ eno C/||. /our
Compeny hes e|so o| '|l| Commcn|s' from Comp|ro||cr eno
/uo||or Gcncre| ,C/G) for 4 consccu||vc ycers.
Sound Corporate Governance
||C's Corpore|c Govcrnencc ph||osophy |s cesco on
consc|cncc, opcnncss, fe|rncss, profcss|one||sm eno
eccoun|ec||||y. hcsc que||||cs erc |nre|nco |n ||s ve|uc sys|cm
eno erc rcncc|co |n ||s po||c|cs, proccourcs eno sys|cms. /our
Compeny no| on|y cc||cvcs |n eoop||n ccs| corpore|c
ovcrnencc sys|cms cu| e|so |n proec||vc |nc|us|on of puc||c
|n|crcs| |n ||s corpore|c pr|or|||cs eno hes ocvc|opco cx|cns|vc
soc|e| ou|rcech. ln rccon|||on of ||C's cxcc||cncc |n Corpore|c
Govcrnencc, ver|ous ne||one| eno |n|crne||one| ecco|eocs hevc
cccn confcrrco |n rcccn| ycers.
Human Resources
/our Compeny hes e h|h|y |e|cn|co |cem of comm|||co
profcss|one|s eno hes cccn ec|c |o |nouc|, ocvc|op eno rc|e|n |hc
ccs| |e|cn|. hc comm||mcn| of |hc cmp|oyccs |s e|so rcncc|co |n
|crms of nnenc|e| peremc|crs such es se|cs pcr cmp|oycc, |/ pcr
cmp|oycc, ve|uc eooco pcr cmp|oycc c|c. \c hevc e poo| of ~
25,OOO cmp|oyccs crce||n ve|uc for |hc Compeny. Ovcr |hc
ycers, ||C hes cccn cons|s|cn||y ren|co emon |hc ccs|
cmp|oycrs |n prcs|||ous survcys. ||C hes e vcry |ov cxccu||vc
e||r|||on re|c.
Long term power purchase agreements with our customers
& Payment Security Mechanism
|ech of our s|e||ons hes ||/s v||h ||s cus|omcrs. /|mos| |hc cn||rc
ou|pu| of ||C's povcr s|e||ons hes cccn con|rec|co for unocr
|on-|crm ||/s. |uc |o cx|s|cncc of sccurco peymcn| mcchen|sm,
||C hes cccn ec|c |o rce||zc ||s 1OO% oucs for |es| |cn
consccu||vc ycers.
bcyono 2O1o, |hc se|cs erc sccurco |hrouh supp|cmcn|ery
37
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37
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erccmcn|s v||h |hc cus|omcrs unocr vh|ch |hc cus|omcrs hevc
ercco |o crce|c e nrs| cherc on |hc|r ovn rccc|vec|cs |n our
fevour eno |n |hc cvcn| of e peymcn| ocfeu|| ess|n such
rccc|vec|cs |n|o en cscrov eccoun|.
Low Cost Producer
Vos| of |hc ||C's coe| cesco s|e||ons erc p|| hceo s|e||ons vh|ch
prov|ocs cos| eoven|ec |o your Compeny es comperco |o ||s
pccrs. hc evcrec cos| of |er|ff for |hc nnenc|e| ycer 2O12-13 ves
`2.9o/|Wh. |ov evcrec |er|ff of your Compeny cnsurcs |ces| r|s|
of povcr off-|e|c.
RISKS & CONCERNS
o rc|e|n |hc s|e|us of scc|or |ceocr, your Compeny hes orevn e
|on |crm corpore|c p|en |o cccomc e 128 G\ compeny cy 2O32
vh|ch mcens |r|p||n |hc cepec||y from |hc cx|s||n |cvc|s.
/mc|||ous cepec||y eoo|||on prorem cr|ns numccr of
che||cncs for |hc compeny. \c rccon|zc |he| r|s|s erc no| on|y
|nhcrcn| |o eny cus|ncss cu| erc e|so oynem|c |n ne|urc. \c erc
e|so susccp||c|c |o ccr|e|n r|s|s er|s|n ou| of ver|ous ec||v|||cs
unocr|e|cn |n |hc norme| coursc of our cus|ncss. \c hevc
eocque|c mcesurcs |n p|ecc |o ovcrcomc/menec |hcsc r|s|s.
hcsc r|s|s e|so prov|oc |hc che||cncs eno oppor|un|||cs |o v|cv
|hc cus|ncss v||h e o|ffcrcn| pcrspcc||vc. ||C hes eoop|co
mu|||-pronco s|re|cy vh|ch |nc|uocs eoop||on of ncv
|cchno|oy such es supcr-cr|||ce| un||s of ooO V\ eno ecovc,
cnhencco oc|ce||on of povcr for qu|c| occ|s|on me||n, s|e|c
of |hc er| procc| mon||or|n ccn|rc |o hevc on-||nc mon||or|n of
prorcss of procc|s.
ln eoo|||on, o|vcrs|nce||ons |n|o ncv erces |||c coe| m|n|n, hyoro
c|cc|r|c, nuc|cer povcr cr|n che||cncs vh|ch erc ncv |o
compeny. \||h ||s provcn cxccu||on eno opcre||one| cxpcr|cncc
eno h|h|y s||||co eno mo||ve|co men povcr, |hc Compeny |s
cerco |o |e|c such che||cncs |n ||s s|r|oc.
Scc|ore| che||cncs such es fuc| r|s| eno poor nnenc|e| hce||h of
o|scoms erc |cy conccrns vh|ch mey |mpec| |hc sus|e|nec|c
ocvc|opmcn| of |hc scc|or. /s fer es, fuc| r|s| |s conccrnco, your
Compeny hes |e|cn scvcre| s|cps vh|ch |nc|uoc ocvc|opmcn| of
coe| m|ncs |n lno|e.
/our Compeny hes e|so comm|ss|onco |vo 5 V\ so|er povcr
procc|s eno hes e |erc| of 1OOO V\ ||S cepec||y cy nnenc|e|
ycer 2O1o-17, |hus, rcncc||n ||s rcso|vc |o o|vcrs|fy |hc fuc| r|s|.
COMPETITION
|uc |o |hc ep cc|vccn ocmeno eno supp|y |n |hc lno|en povcr
scc|or, |hcrc hes cncre||y cccn e s|ec|c mer|c| for povcr
cncre||on compen|cs |n lno|e. /s e|rceoy crouh| ecovc, your
Compeny |s |hc |ercs| povcr u|||||y |n lno|e fo||ovco cy |hc
Veheresh|re S|e|c |ovcr Gcncre||on Compeny ||o. v||h en
|ns|e||co cepec||y of 1O237 V\ ,Sourcc vccs||c of Vehecnco)
eno e mer|c| sherc of ecou| ~4.5% es on 31.O3.2O13.
Govcrnmcn| of lno|e hes |e|cn scvcre| po||cy mcesurcs vh|ch
hevc prov|oco en cnec||n cnv|ronmcn| for pr|ve|c |nvcs|ors |o
per||c|pe|c |n povcr scc|or. \||h |hc cn|ry of pr|ve|c p|eycrs |n
povcr scc|or, |hc compc||||on |s cxpcc|co |o |n|cns|fy. |ovcvcr,
your Compeny |s cerco |o fecc eny compc||||on. \||h provcn |n
housc cn|nccr|n cepec|||||cs cu||| |n |hc pes| eno v|oc ren|n
cxpcr|cncc of procc| cxccu||on eno v||h |on |crm ||/s of ovcr
1OOOOO V\ |n p|ecc, vc erc connocn| |he| vc she|| cc ec|c |o
rc|e|n our |ceocrsh|p pos|||on |n |hc |nous|ry. |ur|hcr, our h|h
opcre||one| cfnc|cncy cnec|cs us |o sc|| povcr e| compc||||vc
pr|ccs eno ech|cvc sev|ns. \c cc||cvc |he| our mon||or|n eno
me|n|cnencc |cchn|qucs offcr us e compc||||vc eoven|ec |n en
|nous|ry vhcrc rc||ec||||y eno me|n|cnencc cos|s erc e s|n|ncen|
oc|crm|nen| of pron|ec||||y.
hc sherc of pr|ve|c scc|or cepec||y hes |ncrcesco |o ~o9 G\
vh|ch |s ~31% of |hc |o|e| |ns|e||co cepec||y of |hc coun|ry es on
Verch 31, 2O13. |ovcvcr, pr|ve|c scc|or hes con|r|cu|co ~2O%
of |o|e| c|cc|r|c||y cncre||on |n |hc nnenc|e| ycer 2O12-13.
RISK MANAGEMENT
/our Compeny hes en c|ecore|c |n|crpr|sc ||s| Venecmcn|
,||V) fremcvor| |n p|ecc. /s per| of |mp|cmcn|e||on of |hc ||V
fremcvor|, en |n|crpr|sc ||s| Venecmcn| Comm|||cc ,||VC)
compr|s|n |xccu||vc ||rcc|ors rcprcscn||n coreph|ce||y
o|spcrsco rc|ons eno corc func||ons of |hc Compeny |s |n p|ecc.
||VC hes cccn cn|rus|co v||h |hc rcspons|c||||y |o |ocn||fy eno
rcv|cv |hc r|s|s eno formu|e|c ec||on p|ens eno s|re|c|cs for r|s|
m|||e||on on shor|-|crm es vc|| es |on-|crm ces|s. |or |hc
nnenc|e| ycer 2O12-13, ||VC hes |ocn||nco fo||ov|n es |hc ||h/
Vco|um r|s|s for |hc Compeny:
High Risks:
||s|s rc|e||n |o coe| m|n|n
||fncu|||cs |n ecqu|s|||on of |eno
Comp||encc of cm|ss|on, esh u||||ze||on eno rcu|e|ory norms
Sus|e|n|n cfnc|cn| p|en| opcre||ons
hrce| |o sefc|y & sccur||y of pcop|c eno propcr|y
Medium Risks:
|c|ey |n cxccu||on of procc|s
lneocque|c fuc| supp|y
||s| of no| c|||n schcou|c
Che||cncs |n e||rec||n eno rc|e|n|n s||||co eno cxpcr|cncco
cmp|oyccs
hcsc erces erc cc|n rcu|er|y mon||orco |hrouh rcpor||n of
|cy pcrformencc |no|ce|ors of |ocn||nco r|s|s eno cxccp||ons
v||h rcspcc| |o r|s| esscssmcn| cr||cr|e erc cc|n rcpor|co |o |hc
|op menecmcn|. hc ||VC mcc|s cvcry quer|cr |o oc||ccre|c on
s|re|c|cs |o m|||e|c |hc r|s|s |o cnsurc |ces| |mpec| on opcre||one|
cfnc|cncy/pron|ec||||y of your Compeny.
INTERNAL CONTROL
/our Compeny hes rocus| |n|crne| sys|cms eno proccsscs |n
p|ecc for smoo|h eno cfnc|cn| conouc| of cus|ncss eno comp||cs
v||h rc|cven| |evs eno rcu|e||ons. / comprchcns|vc oc|ce||on
of povcr cx|s|s for smoo|h occ|s|on me||n vh|ch |s cc|n
fur|hcr rcv|cvco |o e||n || v||h chen|n cus|ncss cnv|ronmcn|
eno spcco|cr occ|s|on me||n. ||ecore|c u|oc||ncs for
prcpere||on of eccoun|s erc fo||ovco cons|s|cn||y for un|form
comp||encc. ln orocr |o cnsurc |he| e|| chcc|s eno ce|enccs erc
|n p|ecc eno e|| |n|crne| con|ro| sys|cms erc |n orocr, rcu|er eno
cxheus||vc |n|crne| euo||s erc conouc|co cy cxpcr|cncco nrms of
Cher|crco /ccoun|en|s |n c|osc co-oro|ne||on v||h |hc
Compeny's ovn ln|crne| /uo|| |cper|mcn|. bcs|ocs, |hc
Compeny hes |vo comm|||ccs of |hc boero v|z. /uo|| Comm|||cc
eno Comm|||cc on Venecmcn| Con|ro|s |o |ccp e c|osc ve|ch
on comp||encc v||h ln|crne| Con|ro| Sys|cms.
37
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/ vc|| ocnnco |n|crne| con|ro| fremcvor| hes cccn ocvc|opco
|ocn||fy|n |cy con|ro|s eno supcrv|s|on of opcre||one| cfnc|cncy
of ocs|nco |cy con|ro|s cy ln|crne| /uo||. hc fremcvor|
prov|ocs c|ecore|c sys|cm of chcc|s eno ce|enccs cesco on sc|f
esscssmcn| es vc|| es euo|| of con|ro|s conouc|co cy ln|crne|
/uo|| e| proccss |cvc|. Gep rec||n rcpor| for opcre||n cfnc|cncy
of con|ro|s |s rcv|cvco cy menecmcn| rcu|er|y eno ec||on |s
|e|cn |o fur|hcr s|rcn|hcn |hc ln|crne| Con|ro| Sys|cm cy fur|hcr
s|enoero|z|n sys|cms eno proccourcs eno |mp|cmcn| proccss
chencs, vhcrcvcr rcqu|rco, |ccp|n |n v|cv |hc oynem|c
cnv|ronmcn| |n vh|ch your Compeny |s opcre||n. hc ln|crne|
Con|ro| |remcvor| sys|cm prcscn|s e vr|||cn esscssmcn| of
cffcc||vcncss of Compeny's |n|crne| con|ro| ovcr nnenc|e|
rcpor||n cy |hc proccss ovncrs, procc|/ofncc hceos |o fec||||e|c
ccr||nce||on cy C|O eno C|O eno cnhenccs rc||ec||||y of esscr||ons.
FINANCIAL DISCUSSION AND ANALYSIS
/ oc|e||co nnenc|e| o|scuss|on eno ene|ys|s on ||nenc|e|
S|e|cmcn|s |s furn|shco cc|ov. ||urcs of prcv|ous ycer hevc cccn
rcroupco/ rcerrenco vhcrcvcr ncccssery. |cfcrcncc |o |o|c,s)
|n |hc fo||ov|n pererephs rcfcrs |o |hc |o|cs |o |hc ||nenc|e|
S|e|cmcn|s for |hc ycer 2O12-13 p|ecco c|scvhcrc |n |h|s rcpor|.
A Results from Operations
1 Total Revenue (Note 22 & 23)
FY 2012-13 FY 2011-12 Change
Units of electricity
sold (MUs)
215,922 206,682 4%
Revenue /moun| |n ` Crorc
1 |ncry Se|cs ,lnc|uo|n
c|cc|r|c||y ou|y)
o4,715.88 o1,43O.85 5%
2 Consu||ency & o|hcr
scrv|ccs
12o.81 142.o9 -11%
3 |ncry |n|crne||y
consumco
7o.73 8O.75 -5%
4 ln|crcs| from cus|omcrs 432.oO 51O.57 -15%
5 |cvcnuc rccon|zco
from ocfcrrco forc|n
currcncy nuc|ue||on
||ec||||y
3.52 O.1o 21OO%
o |rov|s|ons vr|||cn cec| 844.7O 315.8o 167%
Revenue from
operations (gross)
66,200.24 62,480.88 6%
7 |css:- ||cc|r|c||y ou|y 52o.31 428.o5 23%
Revenue from
operations (net)
65,673.93 62,052.23 6%
8 O|hcr |ncomc 3,1O1.58 2,789.o5 11%
9 Total revenue 68,775.51 64,841.88 6%
hc rcvcnuc of |hc Compeny compr|scs |ncomc from se|c of
c|cc|r|c||y ,nc| of c|cc|r|c||y ou|y), consu||ency eno o|hcr scrv|ccs,
|n|crcs| cernco on |nvcs|mcn|s such es |crm ocpos||s, conos
,|ssuco unocr Onc |mc Sc|||cmcn| Schcmc) eno o|v|ocno
|ncomc from sucs|o|ery eno o|n| vcn|urc compen|cs eno mu|ue|
funos. hc |o|e| rcvcnuc for nnenc|e| ycer 2O12-13 |s ` o8,775.51
crorc es ee|ns| ` o4,841.88 crorc |n |hc prcv|ous ycer rc|s|cr|n
en |ncrcesc of o%.
hc meor rcvcnuc comcs from cncry se|cs. hc |er|ff for
compu||n cncry se|cs |s oc|crm|nco |n |crms of Ccn|re|
||cc|r|c||y |cu|e|ory Comm|ss|on |cu|e||ons es no||nco from
||mc |o ||mc vh|ch erc cr|cny o|scussco cc|ov:
Tariffs for computation of Sale of Energy
hc Ccn|re| ||cc|r|c||y |cu|e|ory Comm|ss|on ,C||C) hes |ssuco
er|ff |cu|e||ons for |hc pcr|oo 2OO9-14 - Ccn|re| ||cc|r|c||y
|cu|e|ory Comm|ss|on ,crms eno Cono|||ons of er|ff)
|cu|e||ons, 2OO9, vh|ch |s e ce|encco rcu|e||on for co|h
consumcrs eno |nvcs|ors. /s pcr |hc |cu|e||ons, 2OO9, |hc |er|ff
for supp|y of c|cc|r|c||y compr|scs |vo per|s |.c. Cepec||y Chercs
for rccovcry of /nnue| ||xco Cos| cesco on p|en| eve||ec||||y eno
|ncry Chercs for rccovcry of fuc| cos|. ln eoo|||on, |cu|e||ons
e|so prov|oc for |hc rccovcry of ccr|e|n m|scc||encous chercs.
hc C||C sc|s |er|ff for cech s|ec of e s|e||on |n eccoroencc v||h
|hc no||nco |er|ff rcu|e||ons/norms.
Capacity Charge
hc cepec||y cherc |s e||ovco |o cc rccovcrco |n fu|| |f p|en|
eve||ec||||y |s e| |ces| 85%. lf |hc eve||ec||||y of |hc p|en| |s |ovcr
|hen 85%, |hc cepec||y chercs erc rccovcrco on e pro-re|e ces|s
cesco on norme||vc peremc|crs es spcc|nco |n |hc se|o
rcu|e||ons.
Energy Charge
|ncry chercs for |hc c|cc|r|c||y so|o erc oc|crm|nco on |hc ces|s
of |enoco cos| of fuc| epp||co on |hc quen|||y of fuc| consump||on
ocr|vco on |hc ces|s of norms for hce| re|c, eux|||ery povcr
consump||on, spcc|nc o|| consump||on c|c.
Other Charges
bcs|ocs |hc cepec||y eno cncry chercs, |hc o|hcr c|cmcn|s of
|er|ff erc:
Cos| of hco|n |n rcspcc| of |n|crcs| eno rcpeymcn| of
forc|n currcncy |oens eno cxchenc re|c nuc|ue||ons for |hc
un-hcoco por||on of |n|crcs| eno rcpeymcn| of forc|n
currcncy |oens on e norme||vc ces|s.
hc unschcou|co |n|crchenc cherc for |hc ocv|e||on |n
cncre||on v||h rcspcc| |o schcou|c, peyec|c ,or rccc|vec|c)
e| re|cs ||n|co |o frcqucncy prcscr|cco |n |hc rcu|e||on |o
cr|n r|o o|sc|p||nc. hc unschcou|co |n|crchenc cherc |s
peyec|c ,or rccc|vec|c) e| re|cs no||nco cy |hc C||C from
||mc |o ||mc.
|cfcrrco |ex ||ec||||y for |hc pcr|oo up|o 31.O3.2OO9 on
cncre||on |ncomc |s e||ovco |o cc rccovcrco from |hc
cus|omcrs on me|cr|e||ze||on.
|ech c|cmcn| of |o|e| rcvcnuc |s o|scussco cc|ov:
Energy sales (including electricity duty)
/our Compeny sc||s c|cc|r|c||y |o cu|| cus|omcrs compr|s|n,
me|n|y, c|cc|r|c||y u||||||cs ovnco cy S|e|c Govcrnmcn|s. Se|c of
c|cc|r|c||y |s meoc pursuen| |o |on-|crm |ovcr |urchesc
/rccmcn|s ,||/s) cn|crco |n|o for 25 ycers |n cesc of mos| of our
coe|-nrco p|en|s eno for 15 ycers |n cesc of mos| of es-nrco
p|en|s |n ||nc v||h |hc cs||me|co evcrec ||fc of |hc p|en|s. hc
ec|ue| ||vcs of |hc s|e||ons erc of|cn |oncr eno un|css cus|omcr
37
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37
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ccescs |o orev povcr con|rec|s con||nuc |o cc |n forcc un||| |hcy
erc forme||y cx|cnoco, rcncvco or rcp|ecco. \||h |hc |ssuencc of
C||C er|ff |cu|e||on 2OO9, |hc evcrec ||fc of |hc es s|e||ons |s
e|so cs||me|co es 25 ycers. |cncc, |hc |on-|crm povcr purchesc
erccmcn|s for ncv es s|e||ons hcncc for|h, v||| e|so cc for |hc
semc pcr|oo.
|ur|n |hc ycer, |hcrc |s en |ncrcesc |n |hc commcrc|e| cepec||y cy
383O V\ es oc|e||co unocr:-
Unit Capacity
(MW)
Commercial
Operation Date
|ere||e-lll 0n|| #1 5OO O4.O4.2O12
S|pe|-l 0n|| #2 ooO 25.O5.2O12
S|pe|-l 0n|| #3 ooO O1.O8.2O12
S|mheor|-ll 0n|| #2 5OO 3O.O9.2O12
||heno-lll 0n|| #1 5OO 19.11.2O12
v|nohyeche|-lv 0n|| #1 5OO O1.O3.2O13
Vouoe-l 0n|| #1 5OO 13.O3.2O13
|eor| So|er 5 3O.O3.2O13
/&| So|er 5 31.O3.2O13
Total 3830
hc commcrc|e| cepec||y of 11oO V\ compr|s|n un|| #1 of 5OO
V\ of S|mheor| S|ec-ll eno un|| #1 of ooO V\ of S|pe| S|ec-l,
vh|ch vcrc occ|erco unocr commcrc|e| opcre||on our|n |hc
nnenc|e| ycer 2O11-12, vcrc eve||ec|c for |hc cn||rc nnenc|e| ycer
2O12-13 es comperco |o per| of nnenc|e| ycer 2O11-12.
ln ||nc v||h |hc |cu|e||ons, 2OO9, |hc C||C hes |ssuco prov|s|one|/
nne| |er|ff orocrs v.c.f. O1.O4.2OO9 for e|| |hc s|e||ons cxccp| for
e|chcr hcrme| |ovcr S|e||on. bcncnc|er|cs erc c|||co |n
eccoroencc v||h |hc se|o prov|s|one|/nne| |er|ff orocrs cxccp| for
|hrcc s|e||ons vhcrc || |s oonc on prov|s|one| ces|s ,|o|c 22 ,e)).
hc emoun| c|||co for |hc ycer cnoco Verch 31, 2O13 on |h|s ces|s
|s ` o1,794.o8 crorc.
lncomc from cncry se|cs ,|nc|uo|n c|cc|r|c||y ou|y) for |hc
nnenc|e| ycer 2O12-13 ves ` o4,715.88 crorc vh|ch cons|||u|co
94% of |hc |o|e| rcvcnuc. hc |ncomc from cncry se|cs ,|nc|uo|n
c|cc|r|c||y ou|y) hes |ncrcesco cy 5% ovcr |hc prcv|ous ycer's
|ncomc of ` o1,43O.85 crorc.
ln rcspcc| of s|e||ons for vh|ch |hc C||C hes |ssuco nne| |er|ff
orocrs unocr |hc |cu|e||ons, 2OO9 eno |cncvec|c |ncry
|cu|e||ons, 2OO9, se|cs hevc cccn rccon|sco e| ` 54,588.81
crorc ef|cr |ru|n up cep||e| cxpcno||urc |o err|vc e| |hc cepec||y
chercs. |or o|hcr s|e||ons, pcno|n oc|crm|ne||on of s|e||on-v|sc
nne| |er|ff cy |hc C||C, se|cs hevc cccn prov|s|one||y rccon|zco
e| ` 8,O59.oo crorc on |hc ces|s of pr|nc|p|cs cnunc|e|co |n |hc
|cu|e||ons, 2OO9 ef|cr |ru|n up cep||e| cxpcno||urc |o err|vc e|
|hc cepec||y chercs ,|o|c 22,c)).
Se|cs |nc|uoc ` 1,241.9O crorc pcr|e|n|n |o prcv|ous ycers
rccon|zco cesco on |hc orocrs |ssuco cy |hc C||C//ppc||e|c
r|cune| for ||cc|r|c||y ,|o|c 22 ,c)).
Se|cs e|so |nc|uoc ` 24o.O4 crorc on eccoun| of |ncomc-|ex
rccovcrec|c from |hc ccncnc|er|cs es pcr |cu|e||ons, 2OO4
,|o|c 22 ,c)).
/s pcr er|ff |cu|e||ons 2OO9, |hc ocfcrrco |ex ||ec||||y for |hc
pcr|oo up |o Verch 31, 2OO9 vhcncvcr || me|cr|e||zcs she|| cc
rccovcrec|c o|rcc||y from |hc ccncnc|er|cs. /ccoro|n|y, se|cs
e|so |nc|uoc ` 53.1o crorc on eccoun| of ocfcrrco |ex me|cr|e||zco
vh|ch |s rccovcrec|c from ccncnc|er|cs ,|o|c 22 ,c)).
Se|cs e|so |nc|uoc c|cc|r|c||y ou|y on cncry se|cs emoun||n |o
` 52o.31 crorc. hc semc hes cccn rcoucco from se|cs |n |hc
s|e|cmcn| of pron| eno |oss.
hc evcrec |er|ff for |hc nnenc|e| ycer 2O12-13 |s ` 2.9o/|\h. h|s
evcrec |er|ff |s e| |hc semc |cvc| es || ves for |hc prcv|ous ycer.
hc evcrec |er|ff |nc|uocs eous|mcn|s pcr|e|n|n |o prcv|ous
ycers. lf |hc |mpec| of such eous|mcn|s vcrc |o cc cxc|uoco, |hc
evcrec |er|ff vou|o cc ` 2.9O/|\h |n nnenc|e| ycer 2O12-13 es
ee|ns| ` 2.94/|\h |n |hc prcv|ous ycer.
hcrc hes cccn 1OO% rce||ze||on of |hc oucs v||h|n |hc s||pu|e|co
||mc fremc for |hc |cn|h ycer |n succcss|on. /|| |hc ccncnc|er|cs
hevc opcnco eno erc me|n|e|n|n |c||cr of Crco|| cque| |o or morc
|hen 1O5% of evcrec mon|h|y c||||n es pcr Onc-|mc Sc|||cmcn|
Schcmc ,OSS). ln orocr |o cnsurc promp| eno cer|y peymcn| of
c|||s for supp|y of cncry |o ccncnc|er|cs, your Compeny hes
formu|e|co e rcce|c schcmc cy vey of prov|o|n reoco |nccn||vc
for cer|y peymcn| cesco on |hc c|||,s) re|sco on s|e|c u||||||cs vho
erc |hc mcmccrs of ||C's rcce|c schcmc.
0nocr OSS, |r|-per|||c erccmcn|s erc ve||o up |o Oc|occr 31,
2O1o. |or |hc pcr|oo ccyono Oc|occr 2O1o, |hc supp||cs |o s|e|c
u||||||cs she|| cc covcrco cy en cscrov errencmcn|. hc
supp|cmcn|ery erccmcn|s s|nco v||h e|| s|e|c u||||||cs hevc e
prov|s|on of |ccp|n e nrs| cherc on |hc|r rcvcnuc s|rcems for
supp||cs meoc cy your Compeny. 0nocr |hc supp|cmcn|ery
erccmcn|, |hc s|e|c u||||||cs hevc ercco |o prov|oc peymcn|
sccur||y |hrouh cxccu||on of |hc hypo|hcce||on erccmcn| eno
|hc ocfeu|| cscrov erccmcn|. |ur|hcr, |h|s v||| cc ovcr eno
ecovc |hc |C rcqu|rcmcn| of 1O5% of evcrec mon|h|y c||||n.
Vorcovcr, ||C cen rcsor| |o rcu|e||on/o|vcrs|on of povcr
supp|y |o |h|ro per|y e| |hc r|s| eno cos| of ocfeu|||n u||||||cs |n
cesc of non-peymcn| of oucs.
Consultancy and other services
/ccrco||co v||h en lSO 9OO1:2OOO ccr||nce||on, |hc Consu||ency
||v|s|on of your Compeny unocr|e|cs consu||ency eno |urn|cy
procc| con|rec|s for oomcs||c eno |n|crne||one| c||cn|s |n |hc
o|ffcrcn| phescs of povcr p|en|s v|z. cn|nccr|n, procc|
menecmcn|, cons|ruc||on menecmcn|, opcre||on eno
me|n|cnencc of povcr p|en|s.
|ur|n |hc ycer, Consu||ency ||v|s|on pos|co en |ncomc of
` 121.51 crorc es ee|ns| ` 141.82 crorc ech|cvco |n |hc |es|
nnenc|e| ycer. ln |hc nnenc|e| ycer 2O12-13, || hes rccoroco e pron|
of ` 24.52 crorc es ee|ns| ` 3O.73 crorc |n |hc |es| nnenc|e| ycer.
/ |o|e| of 49 orocrs ve|uco e| ` oO.74 crorc vcrc sccurco cy |hc
o|v|s|on our|n |hc ycer.
Energy Internally Consumed
|ncry |n|crne||y consumco rc|e|cs |o ovn consump||on of
povcr for cons|ruc||on vor|s e| s|e||on,s), |ovnsh|p povcr
consump||on, c|c. l| |s ve|uco e| ver|ec|c cos| of cncre||on eno |s
shovn |n '|cvcnuc from Opcre||ons' v||h e occ|| |o rcspcc||vc
cxpcnsc hceo unocr povcr chercs. hcrc |s e occrcesc of 5% |n
|hc ve|uc of cncry |n|crne||y consumco our|n |hc ycer ovcr |hc
prcv|ous ycer ouc |o occrcesc |n fuc| cos|.
37
th
Interest from Customers
C||C |cu|e||ons prov|ocs |he| vhcrc ef|cr |hc |ru|n-up, |hc |er|ff
rccovcrco |s |css |hen |hc |er|ff epprovco cy |hc Comm|ss|on, |hc
Compeny she|| rccovcr from |hc ccncnc|er|cs |hc unocr rccovcrco
emoun| e|on-v||h s|mp|c |n|crcs|. /ccoro|n|y, |hc |n|crcs|
rccovcrec|c from |hc ccncnc|er|cs emoun||n |o ` 432.oO crorc
hes cccn rccon|sco es ln|crcs| from cus|omcrs.
Provisions written back
|ur|n |hc nnenc|e| ycer 2O12-13, |hc Compeny heo vr|||cn cec|
prov|s|ons meoc |n cer||cr ycers emoun||n |o ` 844.7O crorc |n
comper|son |o ` 315.8o crorc |n |hc nnenc|e| ycer 2O11-12.
|rov|s|on vr|||cn cec| |nc|uocs e vr||c cec| of ` 835.97 crorc on
eccoun| of sc|||cmcn| of oucs of crs|vh||c |c|h| ||cc|r|c Supp|y
0nocr|e||n ,|o|c 32).
Other Income (Note 23)
'O|hcr |ncomc' me|n|y compr|scs |n|crcs| |ncomc from conos
|ssuco unocr Onc |mc Sc|||cmcn| Schcmc ,OSS), |ncomc from
|crm ocpos||s v||h cen|s, mu|ue| funos, o|v|ocno on cqu||y
|nvcs|mcn| |n sucs|o|ery & o|n| vcn|urc compen|cs eno
m|scc||encous |ncomc.
'O|hcr |ncomc' |n nnenc|e| ycer 2O12-13 ves ` 3,1O1.58 crorc es
comperco |o ` 2,789.o5 crorc |n |hc nnenc|e| ycer 2O11-12.
broeo|y, |hc crce|-up of o|hcr |ncomc |s es unocr:
` Crorc
FY 2012-13 FY 2011-12
ln|crcs| on OSS conos /|oen |o
S|e|c Gov|.
555.44 7O2.1O
lncomc from |nvcs|mcn| |n cen|
|crm ocpos||s, mu|ue| funos
1,951.9o 1,o92.oo
||v|ocno from !vs eno
Sucs|o|er|cs/ln|crcs| from
sucs|o|er|cs
131.O3 82.19
lncomc cernco on o|hcr hceos
such es h|rc chercs, pron| on
o|spose| of essc|s, c|c.
538.19 417.Oo
Total 3,176.62 2,894.01
|css: rensfcr |o ||C/
ocvc|opmcn| of coe| m|ncs
47.14 43.11
|css: rensfcr |o |cfcrrco |orc|n
Currcncy ||uc|ue||on ||ec||||y
27.9O o1.25
Net other income 3,101.58 2,789.65
ln|crcs| |ncomc from OSS conos ,|nc|uo|n |oen |o S|e|c
Govcrnmcn|) for nnenc|e| ycer 2O12-13 |s ` 555.44 crorc es
comperco |o ` 7O2.1O crorc |n nnenc|e| ycer 2O11-12. hc
rcouc||on |n |n|crcs| |ncomc |o |hc cx|cn| of ` 14o.oo crorc |s ouc
|o rcocmp||on of OSS conos emoun||n |o ` 1,o22.4o crorc eno
rcpeymcn| of |oen |n ||cu of sc|||cmcn| of oucs |o S|e|c
Govcrnmcn| emoun||n |o ` 95.73 crorc. hc Compeny hes
cernco |ncomc of ` 1,951.9o crorc our|n |hc nnenc|e| ycer 2O12-
13 on eccoun| of |crm ocpos||s meoc |n cen| eno |nvcs|mcn|s |n
mu|ue| funos es ee|ns| ` 1,o92.oo crorc cernco |es| ycer. hc
|ncomc from |nvcs|mcn| |n cen| |crm ocpos||s eno mu|ue| funos
hes rc|s|crco e 15% |ncrcesc ovcr |es| nnenc|e| ycer ouc |o
|ncrcesc |n |n|crcs| cern|ns on eccoun| of h|hcr |n|crcs| re|cs /
o|v|ocnos our|n |hc currcn| ycer es comperco |o |hc prcv|ous
ycer. hc |n|crcs| eno o|v|ocno |ncomc hes e|so |ncrcesco ouc |o
|ncrcesc |n evcrec ennue| |nvcs|mcn| from ` 18,4OO crorc |n
nnenc|e| ycer 2O11-12 |o ` 2O,o49 crorc |n nnenc|e| ycer 2O12-13.
\c hevc cernco ` 128.oo crorc es o|v|ocno from our |nvcs|mcn|s
|n o|n| vcn|urc eno sucs|o|ery compen|cs. |ur|hcr, ` 2.37 crorc
hes cccn cernco es |n|crcs| from |oen of ` 12.58 crorc ,es e|
Verch 31, 2O13) cx|cnoco |o |en|| b||cc 0|peoen ||em ||m||co,
onc of our sucs|o|ery compen|cs. /|so, en emoun| of ` 538.19
crorc hes cccn cernco from ver|ous o|hcr sourccs me|n|y
cons|s||n of m|scc||encous |ncomc of ` 2OO.Oo crorc, se|c of
screp ` 89.Oo crorc, surcherc rccc|vco from cus|omcrs ` 87.75
crorc, ln|crcs| on |ncomc |ex rcfunos ` 39.39 crorc, |n|crcs| from
con|rec|ors ` 3o.25 crorc eno |n|crcs| on |oens |o cmp|oyccs
` 28.84 crorc c|c.
2 Expenses (Note 24, 25 & 26)
2.1 Expenses related to operations
FY 2012-13 FY 2011-12
Commercial
generation (MUs)
230,993 220,696
Expenses ` Crorc
` pcr
|\h
` Crorc
` pcr
|\h
|uc| 41,O18.25 1.78 41,o35.4o 1.89
|mp|oycc ccncn|s
cxpcnsc
3,3oO.12 O.14 3,1O1.71 O.14
Gcncre||on,
eom|n|s|re||on eno
o|hcr cxpcnsc
4,211.22 O.18 3,588.79 O.1o
Total 48,589.59 2.10 48,325.96 2.19
hc cxpcno||urc |ncurrco on fuc|, cmp|oycc ccncn|s cxpcnsc
eno cncre||on, eom|n|s|re||on eno o|hcr cxpcnscs for |hc
nnenc|e| ycer 2O12-13 ves ` 48,589.59 crorc es ee|ns| |hc
cxpcno||urc of ` 48,325.9o crorc |ncurrco our|n |hc prcv|ous
ycer. ln |crms of cxpcnscs pcr un|| of povcr prooucco, || ves
` 2.1O pcr un|| |n nnenc|e| ycer 2O12-13 es ee|ns| ` 2.19 pcr un||
|n nnenc|e| ycer 2O11-12. Componcn|-v|sc, |hcrc hes cccn e
occrcesc |n |hc fuc| cos|, hovcvcr |hc cmp|oycc ccncn|s
cxpcnsc eno cncre||on, eom|n|s|re||on eno o|hcr cxpcnscs hevc
|ncrcesco mer|ne||y. hc |ncrcesc |n commcrc|e| cncre||on ouc
|o commcrc|e| opcre||on of ncv un||s hes rcsu||co |n en eoo|||one|
opcre||one| cxpcno||urc of ` 3,O34.17 crorc.
/ o|scuss|on on cech of |hcsc componcn|s |s |vcn cc|ov:
Fuel
|xpcno||urc on fuc| cons|||u|co 84% of |hc |o|e| cxpcno||urc
rc|e||n |o opcre||ons. |xpcno||urc on fuc| ves ` 41,O18.25 crorc
|n nnenc|e| ycer 2O12-13 |n comper|son |o ` 41,o35.4o crorc |n
nnenc|e| ycer 2O11-12 rcprcscn||n e occrcesc of ecou| 1%. |rom
|hc currcn| ycer fuc| cxpcno||urc, en emoun| of ` 2,52o.29 crorc |s
e||r|cu|ec|c |o commcrc|e| cepec||y eooco our|n |hc ycer. hc
crce|-up of fuc| cos| |n pcrccn|ec |crms |s es unocr:
37
th
37
th
th
FY 2012-13 FY 2011-12
Fuel cost (` Crore) 41,018.25 41,635.46
% break-up
Coe| 8O% 82%
Ges 15% 15%
O|| 1% 1%
|eph|he 4% 2%
hc meor per| of |hc fuc| cos| |s on coe|. |ur|n |hc nnenc|e| ycer
2O12-13, |hc evcrec pr|cc of coe| ves |ovcr es comperco |o |hc
evcrec pr|cc |n prcv|ous nnenc|e| ycer, me|n|y on eccoun| of
cc||cr oomcs||c coe| supp|y eno |csscr rc||encc on cos|||cr
|mpor|co coe|. hus, |nsp||c of h|hcr cncre||on cy coe| cesco
s|e||ons our|n |hc nnenc|e| ycer 2O12-13, |hc |o|e| coe| cos| ves
|ovcr |hen prcv|ous nnenc|e| ycer. |ovcvcr, |hc e|ns on coe|
cos| vcrc offsc| cy h|hcr evcrec pr|cc of es eno neph|he
our|n |hc nnenc|e| ycer 2O12-13 es comperco |o |hc evcrec
pr|cc |n prcv|ous ycer.
|ur|hcr, en emoun| of ` 2,531.1O crorc |s rccon|zco es Con||ncn|
||ec||||y on eccoun| of o|ffcrcncc cc|vccn |hc emoun| c|||co cy
|hc coe| compen|cs eno |hc peymcn| rc|cesco cy ||C pcno|n
rcso|u||on of |hc |ssucs v||h coe| compen|cs ,rcfcr |o|cs 33 eno
5O,e),|||)). hc Compeny cxpcc|s poss|c|c rc|mcurscmcn| of
` 2,531.1O crorc ee|ns| |hc Con||ncn| ||ec||||y |n |crms of C||C
|cu|e||ons, 2OO9.
hc pr|ccs of o|hcr componcn| of fuc| cos| |.c. es, o|| eno
neph|he hevc shovn en |ncrcesc our|n |hc nnenc|e| ycer 2O12-13
es comperco |o |hc pr|ccs of prcv|ous ycer. Ovcr e||, fuc| cos| pcr
un|| cncre|co occrcesco |o ` 1.78 |n nnenc|e| ycer 2O12-13 from
` 1.89 |n nnenc|e| ycer 2O11-12.
hc povcr p|en|s of |hc Compeny usc coe| eno ne|ure| es es |hc
pr|mery fuc|s. O|| |s usco es e scconoery fuc| for coe|-nrco p|en|s
eno neph|he es en e||crne|c fuc| |n es-nrco p|en|s. 0nocr |hc |er|ff
norms sc| cy |hc C||C, your Compeny |s e||ovco |o pess on fuc|
chercs |hrouh |hc |er|ff, prov|oco |hc Compeny mcc|s ccr|e|n
opcre||n peremc|crs. hc Compeny purchescs coe| unocr |hc
|on |crm coe| supp|y erccmcn|s v||h sucs|o|er|cs of Coe| lno|e
||m||co ,Cl|) eno v||h S|nercn| Co|||cr|cs Compeny ||m||co
,SCC|). besco on |hc rcv|sco mooc| Coe| Supp|y /rccmcn|
,CS/) s|nco v||h Cl| on Vey 29, 2OO9, vc hevc CS/s |n p|ecc for
e|| our un||s comm|ss|onco ccforc 31.O3.2OO9. hc CS/s erc ve||o
for 2O ycers eno hes e prov|s|on for rcv|cv ef|cr cvcry 5 ycers. hc
ennue| quen|||y con|rec|co unocr |hcsc CS/s s|nco v||h |hc
sucs|o|ery coe| compen|cs of Cl| eno v||h SCC| |s 124.9O V||||on
Vc|r|c onncs ,VV).
ln rcspcc| of un||s comm|ss|onco ef|cr Verch 2OO9, |||| 17
|h
!u|y
2O13, CS/s hevc cccn s|nco v||h Cl| sucs|o|er|cs for 47oO V\
cepec||y. |ur|hcr, |n-pr|nc|p|c erccmcn| hes cccn rcechco v||h
Cl| for s|n|n of CS/s for ce|encc cepec||y of 48oO V\. |c|e||co
CS/s v||| cc s|nco shor||y.
ln orocr |o cnsurc un|n|crrup|co supp|y of coe| |o ||s povcr
s|e||ons, your Compeny our|n |hc nnenc|e| ycer 2O12-13
con||nuco |o sourcc coe| |hrouh c||e|cre| errencmcn|s es vc|| es
c-euc||on. / c||e|cre| erccmcn| hes cccn rcechco v||h SCC| for
supp|y of 4.O VV of coe|. hcsc supp||cs erc e| e prcm|um of
` 1,O34/VV ovcr SCC|'s rcv|sco no||nco pr|cc. |ur|hcr, e c||e|cre|
erccmcn| hes cccn rcechco v||h |or|h |es|crn Coe|nc|os
||m||co for supp|y of O.3OO VV of '/' reoc coe|, ccyono |hc
ennue| ||n|ec quen|||y, |o |ere||e e| no||nco pr|ccs. /our Compeny
per||c|pe|co |n 1o c-euc||ons ennouncco cy ver|ous coe|
sucs|o|er|cs of Cl|. /e|ns| |hcsc c-euc||ons O.514 VV of coe|
ves e||o||co |o |hc Compeny.
ln eoo|||on |o |hcsc errencmcn|s of procur|n oomcs||c coe|,
your Compeny |s e|so hev|n errencmcn|s for procur|n |mpor|co
coe|, |o mcc| |hc shor|fe|| |n coe| supp|y from oomcs||c sourccs.
/our Compeny hes eoop|co mu|||p|c pec|e|n conccp| for
evero|n |mpor|co coe| con|rec| cesco on coreph|ce| |oce||on
of povcr s|e||ons cy |nv|||n c|os unocr ln|crne||one| Compc||||vc
b|oo|n ces|s. |ur|n |hc nnenc|e| ycer 2O12-13, evero hes cccn
meoc for 12 VV of |mpor|co coe|.
|ur|n |hc nnenc|e| ycer 2O12-13, coe| cesco s|e||ons consumco
155.O7 VV of coe| es ee|ns| 141.13 VV consumco |n |hc
nnenc|e| ycer 2O11-12. h|s |nc|uocs 9.23 VV of |mpor|co coe|
es comperco |o 11.89 VV |mpor|co |n nnenc|e| ycer 2O11-12.
hc Compeny sourccs es oomcs||ce||y unocr en eom|n|s|crco
pr|cc mcchen|sm rc|mc. hc me|n es supp||cr |s G/l|. Ges
pr|ccs erc nxco cy |hc V|n|s|ry of |c|ro|cum eno |e|ure| Ges
,Vo|&|G).
hc Compeny hes Ges Se|cs eno rensm|ss|on Con|rec|s v||h G/l|
for supp|y of /om|n|s|crco |r|cc Vcchen|sm ,/|V) es eno
|enne Vu||e ep|| ,|V) es |o /n|e, /ure|ye, |eor|, |er|oeceo,
|eves & Genoher for e comc|nco quen|||y of 14.48 V||||on Vc|r|c
S|enoero Cuc|c Vc|crs pcr |ey ,VVSCV|). hc ve||o||y of |hc
/|V es erccmcn|s |s up|o !u|y o, 2O21 vh||c |hc |V es
erccmcn|s erc ve||o up|o |cccmccr 21, 2O19. /s pcr |hc |crms
of |hcsc erccmcn|s, |hc es pr|cc |s rcu|e|co |n |crms of |hc
Govcrnmcn| pr|c|n orocrs |ssuco from ||mc |o ||mc. hc prcscn|
epp||cec|c pr|cc of /|V/|V es ,e| /|V pr|cc) |nc|us|vc of
roye||y |s 0S$ 4.2/ VVb|u es pcr Gol orocr oe|co 31.O5.2O1O. hc
|o|e| quen|||y of /|V & |V es supp||co our|n 2O12-13 ves
erouno 284O VVSCV.
/ |on |crm erccmcn| hes cccn s|nco cy your Compeny v||h
G/l| for supp|y of 2.O VVSCV| |||G on nrm ces|s eno O.5
VVSCV| on fe||cec| ces|s for |hc |C| s|e||ons v|z. /n|e, /ure|ye,
|eor| & |er|oeceo ve||o up|o 2O19. hc pr|cc |s es occ|erco on e
mon|h|y ces|s cy |c|ronc| ||G ||o. es pcr |hc o|rcc||vcs of Gol on
|oo|co |r|cc' ces|s. /rouno 485 VVSCV of |||G ves supp||co
cy G/l| our|n |hc ycer 2O12-13 unocr |h|s erccmcn|.
/our Compeny hes ||co up Gol e||oce|co O.82 VVSCV| non-/|V
es of O|GC ,|hrouh G/l|) for \| s|e||ons ,|eves & Genoher).
hc con|rec| |s ve||o |||| 17.11.2O1o. /rouno 124 VVSCV of non-
/|V es ves supp||co cy G/l| our|n |hc ycer 2O12-13.
Govcrnmcn| of lno|e hes e||oce|co 4.4o VVSCV| of |G |o es
for ||C's |C| s|e||ons v|z. /n|e, /ure|ye, |eor| & |er|oeceo. Ges
Supp|y & |urchesc /rccmcn|s ,GS|/s) hevc cccn s|nco v||h
|c||encc lnous|r|cs ||o. ,|l|) eno ||s !v per|ncr |||o eno b||/| for
|hc supp|y of 2.3O VVSCV| of |h|s es vh|ch |s ve||o |||| Verch
2O14. Vo|&|G hes o|rcc|co |l| eno ||s !v per|ncrs for s|n|n |hc
GS|/ for ce|encc quen|||y of 2.1o VVSCV|. |l| furn|shco e oref|
erccmcn| vh|ch |s |n |o|e| ver|encc from |hc cer||cr GS|/.
|cno|n rcso|u||on of somc of |hc |crms & cono|||ons, |hc GS|/
for ce|encc quen|||y of 2.1o VVSCV| hes no| yc| cccn s|nco.
hc pr|c|n of |h|s es |s es occ|oco cy |hc |mpovcrco Group of
37
th
V|n|s|crs, vh|ch e| prcscn| |s 0S$ 4.2O /VVb0. /s ee|ns| |hc
ennue| con|rec|co quen|||y of 839.5O VVSCV ,cons|ocr|n |CO
of 2.3O VVSCV for 3o5 oeys) |hc |o|e| quen|||y of |G |o es
supp||co our|n |hc ycer 2O12-13 ves 237 VVSCV.
o mcc| |hc shor|fe|| |n supp|y of es, ||C procurcs Spo| |||G on
||m||co |cnocr ces|s from oomcs||c supp||crs eno on 'S|n|c Offcr'
ces|s from puc||c scc|or es mer|c||n compen|cs. |ur|n |hc ycer
2O12-13, |vc|vc rounos of |cnocr|n on Spo| ces|s' eno s|x rounos
of |cnocr|n on S|n|c Offcr ces|s' hevc cccn conouc|co. hc
epprox|me|c oc||vcrco pr|cc for |hcsc supp||cs renco cc|vccn
0S$ 12.71/VVb|u |o 0S$ 25.7O /VVb|u vh|ch hes cccn off-|e|cn
s|r|c||y |n |hc esccno|n orocr of pr|ccs. hcsc |||G supp||cs erc
cc|n con|rec|co on rcesonec|c cnocevour ces|s v||h no pcne||y
on c||hcr per|y for shor| supp|y / shor| off |e|c.
/our Compeny ||co up epprox|me|c|y 1,712.4 VVSCV of Spo|
|||G our|n |hc ycer 2O12-13 ee|ns| vh|ch epprox|me|c|y 2O8
VVSCV ves off-|e|cn.
|ur|n |hc nnenc|e| ycer 2O12-13, 1O.o7 VVSCV| of es ves
rccc|vco, vh|ch |nc|uocs 8.12 VVSCV| of /|V/|V/|on /|V
es, 1.33 VVSCV| of |on crm |||G, O.o5 VVSCV| of |G |o
es eno O.57 VVSCV| of spo| es eno fe|| cec| es. Ges rccc|vco
our|n 2O11-12 ves 13.O9 VVSCV|.
|e|v Genoh| Comc|nco Cyc|c |ovcr |rocc| ,|GCC||), |cre|e
cncre|cs povcr on neph|he es no es supp|y |s eve||ec|c. bcs|ocs
|GCC||, o|hcr es cesco s|e||ons e|so usco neph|he ocpcno|n
upon |hc ocmeno from cus|omcrs eno schcou|c from |oeo
o|spe|ch ccn|rcs. |ur|n |hc nnenc|e| ycer 2O12-13, O.2o7 m||||on
Vs of neph|he ves consumco es ee|ns| O.123 m||||on Vs |n |hc
prcv|ous ycer.
Employees benets expense (Note 24)
|mp|oyccs ccncn|s cxpcnsc hevc |ncrcesco cy 8% from
` 3,1O1.71 crorc |n nnenc|e| ycer 2O11-12 |o ` 3,3oO.12 crorc |n
nnenc|e| ycer 2O12-13 of vh|ch ` 1o2.41 crorc |s e||r|cu|ec|c |o
commcrc|e| cepec||y eooco our|n |hc ycer. |mp|oyccs'
rcmuncre||on eno ccncn|s cxpcnscs |nc|uoc se|er|cs eno vecs,
conuscs, e||ovenccs, ccncn|s, con|r|cu||on |o prov|ocn| eno
o|hcr funos eno vc|ferc cxpcnscs. hcsc cxpcnscs eccoun| for
epprox|me|c|y 7% of opcre||one| cxpcno||urc |n nnenc|e| ycer
2O12-13.
Generation, Administration and Other Expenses (Note 26)
Gcncre||on, eom|n|s|re||on eno o|hcr cxpcnscs cons|s| pr|mer||y of
rcpe|r eno me|n|cnencc of cu||o|ns, p|en| eno mech|ncry, povcr
eno ve|cr chercs, sccur||y, |nsurencc, |re|n|n eno rccru||mcn|
cxpcnscs eno cxpcnscs |overos |revc|, commun|ce||on eno
prov|s|ons. hcsc cxpcnscs erc epprox|me|c|y 9% of opcre||one|
cxpcno||urc |n nnenc|e| ycer 2O12-13. ln ecso|u|c |crms, |hcsc
cxpcnscs |ncrcesco |o ` 4,211.22 crorc |n nnenc|e| ycer 2O12-13
from ` 3,588.79 crorc |n nnenc|e| ycer 2O11-12 rc|s|cr|n en
|ncrcesc of 17%. ln |crms of cxpcnscs pcr un|| of cncre||on, || |s
` O.18 |n nnenc|e| ycer 2O12-13 es comperco |o ` O.1o |n prcv|ous
nnenc|e| ycer. /n |ncrcesc of ` 345.47 crorc |s e||r|cu|ec|c |o
eoo|||on of commcrc|e| cepec||y our|n |hc nnenc|e| ycer 2O12-13.
|cpe|r & me|n|cnencc cxpcnscs cons|||u|c 48% of |o|e|
cncre||on, eom|n|s|re||on eno o|hcr cxpcnscs eno hevc
|ncrcesco |o ` 2,O28.99 crorc from ` 1,74o.78 crorc rcsu|||n |n
en |ncrcesc of 1o%.
|ur|n |hc nnenc|e| ycer 2O12-13, your Compeny hes meoc
prov|s|ons emoun||n |o ` 2Oo.25 crorc. h|s |nc|uocs e prov|s|on
of ` 1O3.24 crorc |overos |er|ff eous|mcn|s, ` 49.89 crorc
|overos unscrv|ccec|c cep||e| vor|-|n-prorcss eno ` 1.O4 crorc
|overos pcrmencn| o|m|nu||on |n |hc ve|uc of |nvcs|mcn| cy |hc
Compeny |n onc of ||s o|n| vcn|urc compeny |.c. |e||one| |ovcr
|xchenc ||m||co. |ur|hcr, |hcrc erc prov|s|ons for 'O|hcrs'
emoun||n |o ` 4O.51 crorc, |h|s me|n|y |nc|uocs e prov|s|on
|overos usec of |rensm|ss|on ||nc e| e procc| eno cxpcnscs
|overos en erc||re||on evero.
2.2 Finance Costs (Note 25)
hc nnencc cos|s for |hc nnenc|e| ycer 2O12-13 vcrc ` 1,924.3o
crorc |n comper|son |o ` 1,711.o4 crorc |n nnenc|e| ycer 2O11-12.
hc oc|e||s of |n|crcs| eno o|hcr corrov|n cos|s erc |ecu|e|co
cc|ov:
` Crorc
FY 2012-13 FY 2011-12
Interest on:
borrov|ns 4,235.28 3,558.47
O|hcrs 73.14 oO.99
Total interest 4,308.42 3,619.46
O|hcr corrov|n cos|s 114.57 84.18
|xchenc o|ffcrcnccs rceroco
es eous|mcn| |o |n|crcs| cos|s
-35O.21 35O.21
Total 4,072.78 4,053.85
Less: Transfers to
|xpcno||urc our|n cons|ruc||on
pcr|oo
2,1O1.9O 2,3O8.47
|cvc|opmcn| of coe| m|ncs 4o.52 33.74
Net interest and Other
borrowing costs
1,924.36 1,711.64
ln|crcs| on corrov|ns ,|nc|uo|n |n|crcs| our|n cons|ruc||on)
hes |ncrcesco cy 19% ovcr |es| nnenc|e| ycer ouc |o |ncrcesc |n
|on |crm corrov|ns ,nc| of rcpeymcn|) our|n |hc ycer cy
` 7,2o2.44 crorc. hc evcrec cos| of corrov|n hes |ncrcesco
mer|ne||y |o 7.8OO8% |n nnenc|e| ycer 2O12-13 from 7.7o49% |n
prcv|ous nnenc|e| ycer me|n|y ouc |o |hc rcpeymcn| of |oens
cerry|n |ovcr re|c of |n|crcs| eno re|s|n of ncv |oens e|
compere||vc|y h|hcr re|c of |n|crcs|.
hc 'O|hcr corrov|n cos|s' hevc |ncrcesco cy 3o% from ` 84.18
crorc |n nnenc|e| ycer 2O11-12 |o ` 114.57 crorc |n nnenc|e| ycer
2O12-13. hc |ncrcesc |s me|n|y ouc |o fccs eno cxpor| crco||
ueren|cc prcm|um on ncv forc|n currcncy corrov|ns.
|ur|n |hc nnenc|e| ycer 2O12-13, unfevourec|c cxchenc re|c
ver|e||on |rce|co es eous|mcn| |o |n|crcs| cos| emoun|co |o
` 35O.21 crorc v.r.|. nnenc|e| ycer 2O11-12 hes cccn rcvcrsco
conscqucn| |o c|er|nce||on cy V|n|s|ry of Corpore|c /ffe|rs,
Govcrnmcn| of lno|e v|oc c|rcu|er no. 25/2O12 oe|co /uus| 9,
2O12 vh|ch c|er|nco |he| pere o of /ccoun||n S|enoero ,/S) 11
eno pere 4 ,c) of /S 1o she|| no| epp|y |o e Compeny vh|ch |s
epp|y|n pere 4o-/ of /S 11 ,|o|c 35).
|or |hc nnenc|e| ycer 2O12-13, en emoun| of ` 2,1O1.9O crorc
rc|e||n |o nnencc cos|s of procc|s unocr cons|ruc||on ves
37
th
37
th
th
cep||e||zco vh||c |hc corrcspono|n emoun| for |hc prcv|ous ycer
ves ` 2,3O8.47 crorc. hus, nnencc cos|s cep||e||zco rc|s|crco e
occrcesc of 9%. ln eoo|||on, ` 4o.52 crorc hes cccn cep||e||zco
|n rcspcc| of ocvc|opmcn| of coe| m|ncs es ee|ns| ` 33.74 crorc
|n prcv|ous ycer.
2.3 Depreciation and amortization expense (Note 12)
hc ocprcc|e||on eno emor||ze||on cxpcnsc cherco |o |hc pron|
eno |oss eccoun| our|n |hc ycer ves ` 3,39o.7o crorc es
comperco |o ` 2,791.7O crorc |n nnenc|e| ycer 2O11-12, rc|s|cr|n
en |ncrcesc of 22%. h|s |s ouc |o |ncrcesc |n |hc ross c|oc| cy
` 21,417.44 crorc |.c. from ` 81,828.2o crorc |n |hc prcv|ous
nnenc|e| ycer |o ` 1,O3,245.7O crorc |n |hc currcn| nnenc|e| ycer.
hc |ncrcesc |n ross c|oc| |s |erc|y on eccoun| of |ncrcesc |n
commcrc|e| cepec||y cy 383O V\ rcsu|||n from eoo|||one|
cep||e||ze||on on eccoun| of commcrc|e| occ|ere||on of ncv un||s
es oc|e||co ecovc unocr '|ncry Se|cs'. |ur|hcr, ocprcc|e||on for
un|| #1 of 5OO V\ of S|mheor| S|ec-ll eno un|| #1 of ooO V\ of
S|pe| S|ec-l hes cccn cherco for |hc cn||rc nnenc|e| ycer 2O12-
13 es ee|ns| e pro-re|e cherc our|n |hc nnenc|e| ycer 2O11-12.
hc |mpec| on ocprcc|e||on from eoo|||one| cep||e||ze||on our|n
|hc nnenc|e| ycer 2O12-13 |s ` o21.33 crorc.
/s pcr |hc eccoun||n po||cy of |hc Compeny, ocprcc|e||on on
|hc essc|s of |hc cncre||on of c|cc|r|c||y cus|ncss |s cherco on
s|re|h| ||nc mc|hoo fo||ov|n |hc re|cs eno mc|hooo|oy no||nco
cy |hc C||C er|ff |cu|e||ons, 2OO9 |n eccoroencc v||h Scc||on
o1o ,c) of |hc Compen|cs /c|, 195o eno ocprcc|e||on on |hc
essc|s of |hc coe| m|n|n, o|| & es cxp|ore||on eno consu||ency
cus|ncss, |s cherco on s|re|h| ||nc mc|hoo fo||ov|n |hc re|cs
spcc|nco |n Schcou|c lv of |hc Compen|cs /c|, 195o.
ln cesc of ccr|e|n essc|s, |hc Compeny hes con||nuco |o cherc
h|hcr ocprcc|e||on cesco on |cchn|ce| esscssmcn| of uscfu| ||fc
of |hosc essc|s.
2.4 Prior Period Items (net)
Ccr|e|n c|cmcn|s of |ncomc eno cxpcno||urc hevc cccn cherco
|o |hc pron| eno |oss eccoun| rc|e||n |o prcv|ous ycers. |or |hc
nnenc|e| ycer 2O12-13 e nc| emoun| of ` 29.72 crorc ves coo|co
es pr|or pcr|oo |ncomc vhcrces |n |hc nnenc|e| ycer 2O11-12 e nc|
emoun| of ` 313.58 crorc ves eccoun|co es pr|or pcr|oo |ncomc.
3 Prot Before Tax & Exceptional items
hc pron| of |hc Compeny ccforc |ex |s |ecu|e|co cc|ov:
` Crorc
FY 2012-13 FY 2011-12
o|e| rcvcnuc o8,775.51 o4,841.88
Less:
|xpcno||urc rc|e|co |o
opcre||ons
48,589.59 48,325.9o
||nencc cos| 1,924.3o 1,711.o4
|cprcc|e||on eno
emor||ze||on cxpcnscs
3,39o.7o 2,791.7O
|r|or pcr|oo ||cms ,nc|) -29.72 -313.58
Prot Before Tax 14,894.52 12,32o.1o
4 Exceptional Items (Income)
|ur|n |hc nnenc|e| ycer 2O12-13 en emoun| of ` 1,o84.11 crorc
hes cccn rccon|zco es cxccp||one| ||cm ,|ncomc) |n v|cv of
Govcrnmcn| of lno|e, V|n|s|ry of |ovcr o|rcc||ons |o |hc
Govcrnmcn| of |e||one| Cep||e| crr||ory of |c|h| |o rc|cesc
peymcn| |overos sc|||cmcn| of oucs of crs|vh||c |c|h| ||cc|r|c
Supp|y 0nocr|e||n |o |hc Compeny e|on v||h |hc |n|crcs|.
,|o|c 32)
5 Tax Expense
hc Compeny prov|ocs for currcn| |ex eno ocfcrrco |ex compu|co
|n eccoroencc v||h prov|s|ons of lncomc ex /c|, 19o1.
0nocr er|ff |cu|e||ons, 2OO9, v.c.f. /pr|| O1, 2OO9, |ncomc |ex |s
rccovcrec|c on norme||vc ces|s es rc|urn on cqu||y fo||ov|n |hc
epp||cec|c re|c of |ex for rcspcc||vc ycer. hc ec|ue| |ncomc |ex
||ec||||y, |f eny ,morc or |css |hen |hc norme||vc) |s |o cc cornc cy
|hc Compeny. /ccoro|n|y, prov|s|on for currcn| |ex hes cccn
compu|co e| |hc epp||cec|c re|c of 32.445% for |hc nnenc|e| ycer
2O12-13.
hc ocfcrrco |ex ||ec||||y rc|e|co |o |hc pcr|oo up|o Verch 31,
2OO9 |s rccovcrec|c from cus|omcrs es eno vhcn |hc semc
me|cr|e||zcs. |ovcvcr, |hc ocfcrrco |ex ||ec||||y/essc| for |hc
pcr|oo ef|cr /pr|| O1, 2OO9 |s |o |hc eccoun| of |hc Compeny.
Provision for Current tax
/ |o|e| prov|s|on of ` 3,o8O.84 crorc hes cccn meoc |overos
currcn| |ex for |hc ycer es ee|ns| |hc prov|s|on of ` 3,Oo8.48 crorc
meoc |n nnenc|e| ycer 2O11-12, en |ncrcesc of ` o12.3o crorc. hc
|ncrcesc |s me|n|y on eccoun| of |ncrcesc |n |ex for |hc currcn| ycer
ouc |o |ncrcesc |n pron|.
Provision for Deferred tax
hc ocfcrrco |ex ||ec||||y er|scn our|n |hc ycer on eccoun| of
||m|n o|ffcrcncc |s ` 278.4O crorc es ee|ns| |hc prov|s|on of `
33.95 crorc meoc |n nnenc|e| ycer 2O11-12, en |ncrcesc of `
244.45 crorc. hc |ncrcesc |s on eccoun| of e |csscr emoun| of
ocfcrrco |ex ||ec||||y |n |hc nnenc|e| ycer 2O11-12 ouc |o |hc
chenc |n |hc mc|hoo of cher|n ocprcc|e||on for |ex purposcs.
FY 2011-12 (` Crore)
Current tax Deferred tax Total
|rov|s|on for |/
2O11-12
2,913.o4 327.85 3,241.49
/ous|. for cer||cr ycers 154.84 ,293.9O) ,139.Oo)
|c| prov. es pcr
s|e|cmcn| of |&|
3,Oo8.48 33.95 3,1O2.43
FY 2012-13 (` Crore)
Current tax Deferred tax Total
|rov|s|on for |/
2O12-13
3,839.o9 278.4O 4,118.O9
/ous|. for cer||cr ycers ,158.85) - ,158.85)
|c| prov. es pcr
s|e|cmcn| of |&|
3,o8O.84 278.4O 3,959.24
|c| prov|s|on of |ex for |hc nnenc|e| ycer 2O12-13 ves ` 3,959.24
crorc |n comper|son |o ` 3,1O2.43 crorc |n |hc nnenc|e| ycer 2O11-
12, en |ncrcesc of ` 85o.81 crorc.
37
th
6 Prot After Tax
hc pron| of |hc Compeny ef|cr |ex |s |ecu|e|co cc|ov:
` Crorc
FY 2012-13 FY 2011-12
Prot Before Tax & Exceptional
items
14,894.52 12,326.16
|xccp||one| l|cms ,lncomc) 1,o84.11 -
|css:- ex es pcr s|e|cmcn| of |&| 3,959.24 3,1O2.43
Prot After Tax 12,o19.39 9,223.73
hc pron| ef|cr |ex hes rovn cy 37%.
7 Segment-wise Performance
|or |hc purposc of comp|||n scmcn|-v|sc rcsu||s, |hc cus|ncss
of |hc Compeny |s scrce|co |n|o 'Gcncre||on' eno 'O|hcr
bus|ncss'. hc Compeny's pr|nc|pe| cus|ncss |s cncre||on eno
se|c of cu|| povcr. O|hcr cus|ncss |nc|uocs prov|o|n
consu||ency, procc| menecmcn| eno supcrv|s|on, o|| eno es
cxp|ore||on eno coe| m|n|n.
hc pron| ccforc |ex eno |n|crcs| |n |hc cncre||on cus|ncss for
|hc nnenc|e| ycer 2O12-13 ves ` 1o,o45.O5 crorc es ee|ns|
` 12,3OO.3o crorc for nnenc|e| ycer 2O11-12. hc pron| ccforc |ex
eno |n|crcs| from 'O|hcr bus|ncss' rcprcscn|co cy |ncomc from
consu||ency, coe| m|n|n eno o|| cxp|ore||on ves ` 1o.14 crorc for
nnenc|e| ycer 2O12-13 es ee|ns| ` ,-) 19.4o crorc for |hc prcv|ous
nnenc|e| ycer.
B. Financial Position
/ssc|s eno ||ec|||||cs |n |hc be|encc Shcc| hevc cccn c|ess|nco
unocr hceo 'Currcn|' eno '|on-Currcn|' ce|cor|cs |n ||nc v||h
rcv|sco Schcou|c vl |o |hc Compen|cs /c|, 195o.
hc ||cms of |hc be|encc Shcc| erc o|scussco es unocr:
1 Net Worth
hc nc| vor|h of |hc Compeny e| |hc cno of nnenc|e| ycer 2O12-13
|ncrcesco |o ` 8O,387.51 crorc from ` 73,291.17 crorc |n |hc
prcv|ous ycer rc|s|cr|n en |ncrcesc of 1O% ouc |o rc|e|nco
cern|ns. Corrcspono|n|y, |hc coo| ve|uc pcr sherc e|so
|ncrcesco from ` 88.89 |o ` 97.49.
2 Deferred Revenue
|cfcrrco rcvcnuc ,|o|c 4) cons|s|s of |vo ||cms oc|e||co es
unocr:
` Crorc
Deferred revenue on account of
As at March 31
2013 2012
/ovencc /e|ns| |cprcc|e||on ,//|) 7O8.oO 718.47
lncomc from forc|n currcncy nuc|ue||on 535.45 711.59
Total 1,244.05 1,430.06
//| ves en c|cmcn| of |er|ff prov|oco unocr |hc er|ff |cu|e||ons
for 2OO1-O4 eno 2OO4-O9 |o fec||||e|c occ| scrv|c|n cy |hc
cncre|ors s|ncc || ves cons|ocrco |he| ocprcc|e||on rccovcrco |n
|hc |er|ff cons|ocr|n e uscfu| ||fc of 25 ycers |s no| eocque|c for
occ| scrv|c|n. C||C er|ff |cu|e||ons, 2OO9, hes o|scon||nuco
v||h |hc prov|so rc|e||n |o //|.
|ccp|n |n v|cv |hc me|ch|n pr|nc|p|c, eno |n ||nc v||h |hc
op|n|on of |hc |xpcr| /ov|sory Comm|||cc ,|/C) of |hc lns|||u|c
of Cher|crco /ccoun|en|s of lno|e ,lC/l), |h|s ves |rce|co es
ocfcrrco rcvcnuc |o |hc cx|cn| ocprcc|e||on chercec|c |n |hc
eccoun|s |s cons|ocrco |o cc h|hcr |hen |hc ocprcc|e||on
rccovcrec|c |n |er|ff |n fu|urc ycers. /ccoro|n|y, |hc emoun| of
//| cons|ocrco es ocfcrrco rcvcnuc |n cer||cr ycers |s |nc|uoco
|n se|cs, |o |hc cx|cn| ocprcc|e||on rccovcrco |n |er|ff our|n |hc
ycer |s |ovcr |hen corrcspono|n ocprcc|e||on cherco |n
eccoun|s. hus, en emoun| of ` 9.87 crorc hes cccn rccon|zco es
se|cs our|n |hc ycer cnoco Verch 31, 2O13.
|orc|n |xchenc |e|c ver|e||on ,|||v) on forc|n currcncy |oens
eno |n|crcs| |hcrcon |s rccovcrec|c from/peyec|c |o |hc cus|omcrs
|n ||nc v||h |hc er|ff |cu|e||ons. |ccp|n |n v|cv |hc op|n|on of
|hc |/C of |hc lC/l, |hc Compeny |s rccon|z|n ocfcrrco forc|n
currcncy nuc|ue||on essc| cy corrcspono|n crco|| |o ocfcrrco
|ncomc from forc|n currcncy nuc|ue||on |n rcspcc| of |hc |||v
on forc|n currcncy |oens or |n|crcs| |hcrcon eous|co |n |hc cos|
of nxco essc|s, vh|ch |s rccovcrec|c from |hc cus|omcrs |n fu|urc
ycers es prov|oco |n eccoun||n po||cy no. |.3 ,|o|c 1). h|s
emoun| v||| cc rccon|zco es rcvcnuc corrcspono|n |o |hc
ocprcc|e||on cherc |n fu|urc ycers.
3 Non-Current and Current Liabilities
|c|e||s of non-currcn| eno currcn| ||ec|||||cs erc o|scussco cc|ov:
a. Borrowings:
o|e| corrov|ns es e| Verch 31, 2O13 vcrc ` 58,14o.3O crorc |n
comper|son |o ` 5O,279.37 crorc es e| Verch 31, 2O12. Currcn|
me|ur|||cs ou| of |on |crm corrov|ns hevc cccn shovn unocr
currcn| ||ec|||||cs. |c|e||s of |hc |o|e| corrov|ns erc es unocr:
` Crorc
As at March 31
2013 2012
|on |crm corrov|ns |n non-
currcn| ||ec|||||cs ,|o|c 5)
53,253.oo 45,9O8.27
Currcn| me|ur|||cs of |on |crm
corrov|ns |nc|uoco |n o|hcr
currcn| ||ec|||||cs ,|o|c 1O)
4,892.o4 4,371.1O
Total borrowings 58,146.30 50,279.37
/ summery of |hc corrov|ns ou|s|eno|n |s |vcn cc|ov:
` Crorc
Non-current
liabilities
Other current
liabilities
Total
borrowings
%
Change
2013 2012 2013 2012 2013 2012
Secured
bonos 94O4.OO 9O57.OO o93.OO o93.OO 1OO97.OO 975O.OO 4%
|orc|n
currcncy
|crm |oens
- 99.O9 9o.44 18o.38 9o.44 285.47 -oo%
O|hcr O.O5 O.21 O.22 O.43 O.27 O.o4 -58%
Sub-total 9404.05 9156.30 789.66 879.81 10193.71 10036.11 2%
Unsecured
bonos
,|nc|uo|n
epp||ce||on
moncy)
5OO.OO - - - 5OO.OO - -
37
th
37
th
th
Non-current
liabilities
Other current
liabilities
Total
borrowings
%
Change
2013 2012 2013 2012 2013 2012
||xco
ocpos||s
O.52 O.47 O.11 11.79 O.o3 12.2o -95%
|orc|n
currcncy
no|cs
7138.3O 413O.4O - - 7138.3O 413O.4O 73%
|orc|n
currcncy
|oens
9235.34 8799.15 981.51 1O49.32 1O21o.85 9848.47 4%
|upcc |crm
|oens
2o975.45 23821.95 3121.3o 243O.18 3OO9o.81 2o252.13 15%
Sub-total 43849.61 36751.97 4102.98 3491.29 47952.59 40243.26 19%
Total 53253.66 45908.27 4892.64 4371.10 58146.30 50279.37 16%
/s on 31.O3.2O13, |hc forc|n currcncy |oen ces|c| compr|scs of
|oens ocnom|ne|co |n 0S |o||er, !epencsc /cn eno |uro vh|ch
con|r|cu|co ecou| 79%, 1o% eno 5% rcspcc||vc|y |n |hc |o|e|
forc|n currcncy |oens.
Ovcr |hc |es| nnenc|e| ycer, |o|e| corrov|ns hevc |ncrcesco cy
1o%. |cc| emoun||n |o ` 11,o9o.9o crorc ves re|sco our|n |hc
ycer 2O12-13. hc emoun| re|sco |hrouh |crm |oens, conos eno
forc|n currcncy corrov|ns ves usco for cep||e| cxpcno||urc
eno rcnnenc|n, vh||c emoun| re|sco |hrouh puc||c ocpos||s
hevc cccn usco for vor||n cep||e| purposcs. hc oomcs||c occ|
funos re|sco our|n |hc ycer |nc|uoco |crm |oens emoun||n |o
` o,275.OO crorc eno conos erce||n |o ` 1,54O.OO crorc.
|orc|n Currcncy occ| re|sco our|n 2O12-13 ves ` 3,881.81
crorc. |c|e||s |n rcspcc| of procccos eno rcpeymcn| of corrov|ns
erc es unocr:
` Crorc
Source Debt raised
& utilised
Repayment Net
crm |oen o,275.OO 2,43O.32 3,844.o8
bonos 1,54O.OO o93.OO 847.OO
|orc|n currcncy occ|s 3,881.81 1,299.O5 2,582.7o
O|hcrs ,|uc||c ocpos||s /
nnencc |cesc)
O.15 12.15 -12.OO
Total 11,696.96 4,434.52 7,262.44
|||v on |C corrov|ns oO4.49
Total 7,866.93
ben|s eno oomcs||c nnenc|e| |ns|||u||ons con||nuco |o shov
|n|crcs| |n cx|cno|n |crm |oens for nnenc|n |hc on-o|n cepec||y
cxpens|on p|ens. |ur|n |hc ycer, frcsh erccmcn|s for |crm |oens
erce||n ` o,97O.OO crorc vcrc cn|crco |n|o |nc|uo|n |hc |oen
/rccmcn|,s) of ` 2,OOO.OO crorc v||h 0n|on ben| of lno|e eno
` oOO.OO crorc v||h !&| ben| ||o., cc|n |hc 1OO
|h
|crm |oen. hc
cumu|e||vc emoun| of oomcs||c |oens ||co up |||| 31
s|
Verch 2O13
|s ` 59,o99.35 crorc ,cxc|uo|n unorevn |oens shor|-c|osco es pcr
|hc erccmcn|s). |ur|n 2O12-13, en emoun| of ` o,275.OO crorc
ves orevn from oomcs||c cen|s eno |hc cumu|e||vc orev| up |o
31
s|
Verch 2O13 ves ` 43,754.35 crorc.
|ur|n |hc ycer 2O12-13, |hc Compeny |ssuco conos emoun||n
|o ` 15O.OO crorc |o /rmy Group lnsurencc |uno ,/Gl|). hc
erce|c emoun| of conos p|ecco v||h /Gl| es e| Verch 31,
2O13, ves `1,OO5.OO crorc. |ur|hcr, conos emoun||n |o ` 1,39O.OO
crorc vcrc |ssuco |o c|||c|c |ns|||u||ons |hrouh c|oo|n rou|c.
bonos |ssuco our|n |hc ycer hevc e me|ur||y pcr|oo ren|n from
1O |o 2O ycers eno vc|h|co evcrec coupon re|c of 9.OO%.
|ur|n |hc nnenc|e| ycer 2O12-13, |hc Compeny re|sco 0S| 75O
m||||on |hrouh cx|crne| commcrc|e| corrov|ns. /f|cr cnhenc|n
||s V| proremmc |o 0S| |vo c||||on, |hc Compeny |ssuco |n
Oc|occr 2O12, 0S| 5OO m||||on ,cqu|ve|cn| |o ` 2,595.5O crorc)
Scn|or 0nsccurco ||xco |e|c |o|cs e| e coupon of 4.75% p.e.
v||h cu||c| rcpeymcn| ef|cr 1O ycers. hc procccos vcrc u||||zco
our|n |hc ycer. / |crm |oen fec||||y of 0S| 25O m||||on ves ||co up
|n !enuery 2O13 v||h S|e|c ben| of lno|e, |cv /or| eno V|zuho
Corpore|c ben|. h|s |oen ccers noe||n re|c of |n|crcs| ||n|co |o
|lbO| eno hes e ooor |o ooor me|ur||y of 7 ycers. 0S| 5O m||||on
,` 271.15 crorc) hes cccn orevn unocr |hc |oen up|o Verch 31,
2O13 eno |hc ce|encc she|| cc orevn |n nnenc|e| ycer 2O13-14.
|ur|n |hc ycer |xchenc ||s| Venecmcn| |o||cy ,||V|) for
mene|n cxchenc re|c r|s| eno/or |n|crcs| re|c r|s| essoc|e|co
v||h forc|n cxchenc corrov|ns |hrouh ver|ous ocr|ve||vc
|ns|rumcn|s hes comc |n|o cffcc|. hc ncccssery fremcvor| for
|mp|cmcn|e||on of |hc po||cy |s unocr ocvc|opmcn|.
/our Compeny hes rcoccmco conos emoun||n |o ` o93.OO crorc
our|n |hc ycer. |cpeymcn|s emoun||n |o ` 2,43O.32 crorc vcrc
meoc unocr ver|ous |crm |oens cx|cnoco cy lno|en ben|s eno
lno|en ||nenc|e| lns|||u||ons. |cpeymcn| of ` 1,299.O5 crorc ves
meoc our|n |hc ycer |overos forc|n currcncy |oens. |uc||c
|cpos||s for ` 11.79 crorc eno nnencc |cesc ,nc|) of ` O.3o crorc
vcrc e|so o|scherco our|n |hc ycer.
hc Compeny con||nucs |o cnoy h|hcs| crco|| re||ns for ||s
conos proremmc, corrov|ns from cen|s es vc|| es nxco
ocpos||s. hc re||n ess|nco cy C|lSl|, lC|/ eno C/|| for rupcc
conos prorem es vc|| es |crm |oens con||nuc |o cc 'C|lSl| ///',
'lC|/ ///' eno 'C/|| ///' rcspcc||vc|y. hc re||n ess|nco cy
C|lSl| for Compeny's nxco ocpos|| schcmcs |s '|///'.
hc Compeny's currcn| forc|n currcncy |ssucr re||ns erc e| per
v||h |hc sovcrc|n re||ns of lno|e. hc re||n ess|nco cy |||ch |s
'bbb- v||h s|ec|c ou||oo|' vh||c S&| hes ess|nco 'bbb- v||h
nce||vc ou||oo|'.
hc occ| |o cqu||y re||o e| |hc cno of nnenc|e| ycer 2O12-13 of |hc
Compeny |ncrcesco |o O.72 from O.o9 e| |hc cno of |hc prcv|ous
nnenc|e| ycer. hc |cc| Scrv|cc Covcrec |e||o ,|SC|) eno ln|crcs|
Scrv|cc Covcrec |e||o ,lSC|) for nnenc|e| ycer 2O12-13 erc 3.17
eno 1O.39 rcspcc||vc|y.
|ormu|e usco for compu|e||on of covcrec re||os |SC| = |ern|ns
ccforc ln|crcs|, |cprcc|e||on, ex eno |xccp||one| ||cms/ ,ln|crcs|
nc| of |rensfcrrco |o cxpcno||urc our|n cons|ruc||on + |r|nc|pe|
rcpeymcn|) eno lSC| = |ern|ns ccforc ln|crcs|, |cprcc|e||on, ex
eno |xccp||one| ||cms/ ,ln|crcs| nc| of |rensfcrrco |o cxpcno||urc
our|n cons|ruc||on).
hc me|ur||y pron|c of |hc corrov|ns cy |hc Compeny |s es
unocr:
37
th
` Crorc
Rupee Loans
incl. Bonds
& PDS
Foreign
Currency
Loans
Total
\||h|n 1 ycer 3,814.o9 1,O77.95 4,892.o4
2 3 ycers 8,2o4.54 3,154.19 11,418.73
4 5 ycers 8,215.35 3,3O4.59 11,519.94
o 1O ycers 15,888.92 8,289.38 24,178.3O
bcyono 1O ycers 4,511.21* 1,o25.48 o,13o.o9
Total 40,694.71 17,451.59 58,146.30
*|nc|uo|n cono epp||ce||on moncy of ` 2OO.OO crorc
b. Deferred Tax Liabilities (net):
|cfcrrco |ex ||ec|||||cs ,nc|) ,|o|c o) hevc |ncrcesco from ` o3o.9O
crorc es e| 31.O3.2O12 |o ` 915.3O crorc es e| 31.O3.2O13. hcsc
hevc |ncrcesco me|n|y ouc |o ||m|n o|ffcrcncc of ocprcc|e||on
eno o|hcr cxpcnscs |n eccoun|s eno es pcr e||ovec||||y unocr |hc
lncomc ex /c|.
c. Other Long Term Liabilities:
O|hcr |on |crm ||ec|||||cs ,|o|c 7) pr|mer||y cons|s| of ||ec|||||cs
for cep||e| cxpcno||urc eno ocfcrrco forc|n currcncy nuc|ue||on
||ec||||y. ||ec|||||cs for cep||e| cxpcno||urc hes |ncrcesco from `
1,589.28 crorc es e| 31.O3.2O12 |o ` 1,823.o4 crorc es e|
31.O3.2O13 me|n|y ouc |o ncv procc|s o|n unocr cons|ruc||on.
||ec|||||cs for cep||e| cxpcno||urc vh|ch hevc cccomc ouc for
peymcn| v||h|n 12 mon|hs from |hc rcpor||n oe|c hevc cccn
c|ess|nco unocr O|hcr currcn| ||ec|||||cs ,|o|c 1O).
|ur|hcr, es pcr |hc op|n|on of |hc |xpcr| /ov|sory Comm|||cc of
|hc lC/l pronouncco |n cer||cr ycers, cxchenc o|ffcrcnccs on
eccoun| of |rens|e||on/sc|||cmcn| of forc|n currcncy monc|ery
||cms vh|ch erc peyec|c |o |hc ccncnc|er|cs |n sucscqucn|
pcr|oos es pcr C||C |er|ff rcu|e||ons erc eccoun|co es '|cfcrrco
forc|n currcncy nuc|ue||on ||ec||||y'. /ccoro|n|y, en emoun| of
` 135.oO crorc hes cccn eccoun|co |overos |hc semc up|o Verch
31, 2O13 |n ||nc v||h eccoun||n po||cy no. |.3. ,|o|c 1)
d. Long Term Provisions:
|on |crm prov|s|ons ,|o|c 8) cons|s| of emoun|s prov|oco
|overos cmp|oyccs ccncn|s es pcr ec|uer|e| ve|ue||ons vh|ch erc
cxpcc|co |o cc sc|||co ccyono e pcr|oo of 12 mon|hs from |hc
be|encc Shcc| oe|c. |on |crm prov|s|on es e| 31.O3.2O13 ves
` 739.92 crorc es comperco |o ` oO3.7O crorc es e| 31.O3.2O12.
e. Current Liabilities:
hc currcn| ||ec|||||cs es e| Verch 31, 2O13 vcrc ` 22,o1O.O3 crorc
es ee|ns| ` 17,231.58 crorc es e| |hc cno of prcv|ous ycer. hc
crce|-up of currcn| ||ec|||||cs |s es unocr:
` Crorc
As at March 31 Y-o-Y
Change
%
Change
2013 2012
reoc peyec|cs
,|o|c-9)
5,158.77 4,4oO.o5 o98.12 1o%
O|hcr currcn|
||ec|||||cs ,|o|c-1O)
1O,44o.72 9,537.24 9O9.48 1O%
Shor| |crm prov|s|on
,|o|c-11)
7,OO4.54 3,233.o9 3,77O.85 117%
Total 22,610.03 17,231.58 5,378.45 31%
hc |reoc peyec|cs me|n|y compr|sc emoun| peyec|c |overos
supp|y of ooos & scrv|ccs, ocpos||s & rc|cn||on moncy from
con|rec|ors. O|hcr currcn| ||ec|||||cs me|n|y compr|sc currcn|
me|ur|||cs of |on |crm corrov|ns, peyec|c |overos cep||e|
cxpcno||urc eno o|hcr s|e|u|ory ||ec|||||cs. hc oc|e||s of o|hcr
currcn| ||ec|||||cs erc es unocr:
` Crorc
As at March 31
2013 2012
O|hcr currcn| ||ec|||||cs 1O,44o.72 9,537.24
|css: Currcn| me|ur|||cs of |on |crm
corrov|ns, ||nencc |cesc oc||e||ons
4,892.o4 4,371.1O
O|hcr currcn| ||ec|||||cs ,nc|) 5,554.O8 5,1oo.14
O|hcr currcn| ||ec|||||cs ,nc|) |nc|uoc emoun| peyec|c for cep||e|
cxpcno||urc, |n|crcs| eccruco cu| no| ouc on corrov|ns, eovenccs
from cus|omcrs eno o|hcrs, ocpos||s from con|rec|ors, re|u||y
oc||e||ons, peyec|cs |o cmp|oyccs, unpe|o o|v|ocnos c|c.
Shor|-|crm prov|s|ons me|n|y cons|s| of prov|s|ons for cmp|oycc
ccncn|s, prov|s|on for proposco o|v|ocno eno |excs |hcrcon,
prov|s|on for oc||e||ons |nc|ocn|e| |o |eno ecqu|s|||on eno
prov|s|on for |er|ff eous|mcn|. /s e| Verch 31, 2O13, your
Compeny heo ou|s|eno|n shor| |crm prov|s|ons of ` 7,OO4.54
crorc es ee|ns| ` 3,233.o9 crorc es e| Verch 31, 2O12. hc |ncrcesc
|s ouc |o rcesons o|scussco es unocr:
|rov|s|on for oc||e||ons |nc|ocn|e| |o |eno ecqu|s|||on on
31.O3.2O13 hes |ncrcesco cy ` 1,713.8o crorc ovcr |hc prcv|ous
ycer.
hc |ncrcesc |n shor|-|crm prov|s|ons |s e|so ouc |o h|hcr
prov|s|ons for proposco nne| o|v|ocno |nc|uo|n spcc|e| o|v|ocno
eno |ex on proposco o|v|ocno |n 2O12-13. hc prov|s|on on
ecovc eccoun| for |hc nnenc|e| ycer 2O12-13 |s ` 1,929.35 crorc es
ee|ns| ` 475.1O crorc |n |hc prcv|ous nnenc|e| ycer. hc proposco
nne| o|v|ocno |nc|uo|n spcc|e| o|v|ocno for |hc nnenc|e| ycer
2O12-13 |s 2O% of pe|o up cqu||y cep||e| es comperco |o 5% of
pe|o up cqu||y cep||e| |n |hc prcv|ous ycer.
|rov|s|on for |er|ff eous|mcn| ves crce|co |n |hc coo|s of
eccoun|s es e pruocn| eno conscrve||vc po||cy |n |hc ycer 2O1O-
11, |o |hc cx|cn| of |hc |mpec| of |hc |ssucs che||cnco cy C||C
|n Suprcmc Cour| on |hc /|||'s uomcn|. hc /ppce| |s s||||
pcno|n for o|spose| eno |hc C||C |er|ff orocrs erc succc| |o |hc
ou|comc of |h|s eppce|.
|ur|n |hc ycer, e prov|s|on for |er|ff eous|mcn| for ` ,-) 45.95
crorc hes cccn crce|co cy corrcspono|n eous|mcn| |o se|cs on
eccoun| of |hc |mpec| of che||cnco |ssucs of |hc /|||
uocmcn|.
|rov|s|on for |er|ff eous|mcn| e|so |nc|uocs |n|crcs| prov|s|on
corrcspono|n |o |hc |mpec| of che||cnco |ssucs. |ur|hcr, es |hc
|er|ff for rcvcnuc rccon|||on for |hc |er|ff pcr|oo 2OO9-14 |s cesco
on ou|y |ruco-up cep||e| cxpcno||urc, prov|s|on for |n|crcs|
peyec|c on |hc o|ffcrcn||e| emoun| cons|ocrco for rcvcnuc
rccon|||on eno c||||n hes e|so cccn meoc up|o 31.O3.2O13.
O|hcr prov|s|ons |nc|uoc ` 4o.27 crorc ,prcv|ous ycer ` 41.19
crorc) |overos cos| of unnn|shco m|n|mum vor| proremmc
ocmenoco cy |hc V|n|s|ry of |c|ro|cum eno |e|ure| Ges
,Vo|&|G) |n rc|e||on |o c|oc| //-O||-2OO3/2. _|cfcr |o|c 45
c) ||), eno ` 2OO.84 crorc ,prcv|ous ycer `18.O7 crorc) |overos
prov|s|on for ||||e||on cescs.
37
th
37
th
th
|ur|n |hc ycer, prov|s|on for cmp|oycc ccncn|s hes e|so
|ncrcesco. ln |crms of u|oc||ncs of |cper|mcn| of |uc||c
|n|crpr|scs ,|||), eno sucscqucn| c|er|nce||on |ssuco cy |hc |||,
|hc Compeny |s e||ovco |o con|r|cu|c up|o 3O% of cmp|oyccs'
se|ery ,ces|c pey p|us |/) |overos supcrennue||on ccncn|s
|nc|uo|n pcns|on v.c.f. 1
s|
!enuery 2OO7. Conscqucn| upon
rccc|p| of epprove| from |hc V|n|s|ry of |ovcr ,Vo|), GOl for
|n|roouc||on of e ocnnco con|r|cu||on pcns|on schcmc |n |hc
Compeny v.c.f. 1
s|
!enuery 2OO7, e scpere|c pcns|on |rus| hes
cccn formco for eom|n|s|re||on of |hc pcns|on schcmc. hc
pcns|on schcmc |s yc| |o cc meoc opcre||one| es c|er|nce||on on
ccr|e|n |ssucs rcfcrrco |o Vo| eno ||| erc eve||co. |cno|n |h|s,
en emoun| of ` 15o.9O crorc ,prcv|ous ycer ` 174.55 crorc) for |hc
ycer eno ` 458.4O crorc up |o 31
s|
Verch 2O13 ,up|o |hc prcv|ous
ycer ` 3O1.5O crorc) hes cccn prov|oco eno |nc|uoco |n prov|s|on
for cmp|oycc ccncn|s.
4 Fixed Assets
||xco essc|s of |hc Compeny erc oc|e||co es unocr:
` Crorc
As at March 31 %
Change
2013 2012
en|c|c essc|s 1O2,87o.14 81,5O9.59 2o%
ln|en|c|c essc|s 3o9.5o 318.o7 1o%
o|e| ross c|oc| 1O3,245.7O 81,828.2o 2o%
Total net block 62,936.10 45,256.36 39%
Cep||e| vor|- |n -prorcss
eno ln|en|c|c essc|s
unocr ocvc|opmcn|
37,1O9.42 41,827.8o -11%
|ur|n |hc ycer ross c|oc| of |hc Compeny |ncrcesco cy 2o%
ovcr |hc prcv|ous ycer cy ` 21,417.44 crorc. h|s ves me|n|y on
eccoun| of occ|ere||on of commcrc|e| opcre||on of 383O V\
our|n 2O12-13.
Corrcspono|n|y, nc| c|oc| hes |ncrcesco cy 39%. |uc |o |ncrcesc
|n cep||e||se||on of C\l|, |hcrc ves e occrcesc of ` 4,718.44 crorc
|n |hc cep||e| vor|-|n-prorcss ,cxc|uo|n cep||e| eovenccs vh|ch
|s shovn es |on-|crm |oens & eovenccs |n |o|c 15 of be|encc
Shcc|) rc|s|cr|n e occrcesc of 11% ovcr |hc |es| ycer.
5 Investments
lnvcs|mcn|s hevc cccn c|furce|co |n|o non-currcn| |nvcs|mcn|s
eno currcn| |nvcs|mcn|s eno o|scussco eccoro|n|y:
` Crorc
As at March 31
%
Change
2013 2012
|on-currcn| |nvcs|mcn|s
,|o|c 14)
9,137.o4 9,583.92 -5%
Currcn| |nvcs|mcn|s
,|o|c 1o)
1,o22.4o 1,o22.4o -
Total 10,760.10 11,206.38 -4%
lnvcs|mcn|s es e| ycer cno me|n|y cons|s| of conos |ssuco unocr
Onc |mc Sc|||cmcn| Schcmc ,OSS) eno cqu||y per||c|pe||on |n
sucs|o|ery eno o|n| vcn|urc compen|cs. Ovcr |hc ycer, |hc
|nvcs|mcn|s occrcesco cy ecou| 4% me|n|y ouc |o rcocmp||on
of OSS conos. hc ou|s|eno|n OSS conos rcoucco cy 25%
vh||c |nvcs|mcn| |n sucs|o|ery eno o|n| vcn|urc compen|cs
|ncrcesco cy 31% eno 3% rcspcc||vc|y. broeo|y |hc crce|-up of
|nvcs|mcn|s |s es fo||ovs:
` Crorc
As at March 31
2013 2012
bonos |ssuco unocr Onc |mc
Sc|||cmcn| Schcmc ,OSS bonos)
4,91O.88 o,533.34
lnvcs|mcn|s |n !o|n| vcn|urcs 4,823.4o 3,o72.93
lnvcs|mcn| |n Sucs|o|er|cs 1,O25.7o 1,OOO.11
Total investments 10,760.10 11,206.38
OSS bonos eccoun| for 4o% of |o|e| |nvcs|mcn|s e| |hc cno of
nnenc|e| ycer 2O12-13. hcsc conos cerry e 'ce|| op||on' |v|n
r|h| |o S|bs |o rcoccm |hc conos ccforc schcou|co rcocmp||on
oe|c. |ovcvcr, no ce|| op||on ves cxcrc|sco cy eny S|b our|n
|hc nnenc|e| ycer 2O12-13. |ur|n |hc ycer, OSS bonos of
` 1,o22.4o crorc vcrc rcoccmco es pcr schcou|co rcocmp||on.
/our Compeny |nvcs|co ` 1,15O.53 crorc |n fo||ov|n o|n| vcn|urc
compen|cs our|n |hc ycer:
` Crorc
Name of JV Companies Amount
||C-S/l| |ovcr Compeny |r|ve|c ||o. 15.OO
||C-em|| |eou |ncry Compeny ||o. 244.o1
|e|ne|r| Ges & |ovcr |r|ve|c ||o. 197.4O
/reve|| |ovcr Compeny |r|ve|c ||o. 119.OO
Vce 0re ||em |r|ve|c ||m||co 3OO.OO
|ec|neer |ovcr Gcncre||n Compeny |r|ve|c ||o. 2o7.12
|e||one| ||h |ovcr cs| |ecore|ory |r|ve|c ||o. 8.44
|css: prov|s|on for pcrmencn| o|m|nu||on |n ve|uc
of |nvcs|mcn| |n |e||one| |ovcr |xchenc ||o.
,1.O4)
Total 1,150.53
hc Compeny e|so |nvcs|co ` 25.o5 crorc |n sucs|o|ery- |en||
b||cc 0|peoen ||em ||o. our|n 2O12-13.
6 Long Term Loans and Advances
|on |crm |oens eno eovenccs ,|o|c 15) |nc|uoc |hosc |oens eno
eovenccs vh|ch erc cxpcc|co |o cc rce||zco ef|cr e pcr|oo of 12
mon|hs from be|encc Shcc| oe|c. o|e| |on |crm |oens eno
eovenccs es e| Verch 31, 2O13 vcrc ` 9,o33.45 crorc es ee|ns| `
5,394.35 crorc es e| Verch 31, 2O12. |on |crm |oens eno eovenccs
cons|s| of eovenccs for cep||e| cxpcno||urc eno o|hcr eovenccs
|o con|rec|ors, sccur||y ocpos||s eno |oens |o cmp|oyccs. hcsc
e|so |nc|uoc e |oen of ` 239.31 crorc ,prcv|ous ycer ` 335.O4
crorc) |o |hc Gov|. of |c|h| sucscqucn| |o convcrs|on of |hc oucs
of |c|h| v|oyu| boero unocr |hc Onc-|mc-Sc|||cmcn| Schcmc.
hc Gov|. of |c|h| peys 8.5% |ex-frcc |n|crcs| on |h|s |oen. |on-
|crm |oens eno eovenccs e|so |nc|uoc eovencc |ex & ex ocouc|co
e| sourcc es rcoucco cy prov|s|on for currcn| |ex.
|on-|crm |oens eno eovenccs hevc |ncrcesco pr|mer||y ouc |o
|ncrcesc |n cep||e| eovenccs |o con|rec|ors on eccoun| of
cons|ruc||on of ncv procc|s.
7 Other Non-Current Assets
/s pcr |hc op|n|on of |hc |xpcr| /ov|sory Comm|||cc of |hc lC/l
,rcfcrrco e| pere 3c ecovc), cxchenc o|ffcrcnccs on eccoun| of
|rens|e||on of forc|n currcncy corrov|ns vh|ch erc rccovcrec|c
37
th
Annual Report 2012-2013 oO
from |hc ccncnc|er|cs |n sucscqucn| pcr|oos es pcr C||C |er|ff
rcu|e||ons erc eccoun|co es 'ocfcrrco forc|n currcncy nuc|ue||on
essc|'. /ccoro|n|y, en emoun| of ` 1,132.77 crorc hes cccn
eccoun|co unocr |h|s hceo up|o Verch 31, 2O13 ,|rcv|ous ycer `
1,371.88 crorc) ,|o|c 15/). |cfcrrco forc|n currcncy nuc|ue||on
essc| hes occrcesco ouc |o ovcre|| epprcc|e||on |n ve|uc of lno|en
|upcc v|s-e-v|s o|hcr currcnc|cs |n |oen ces|c| v||h rcspcc| |o
opcre||n s|e||ons.
8 Current Assets
hc currcn| essc|s es e| Verch 31, 2O13 eno Verch 31, 2O12 eno
|hc chencs |hcrc|n erc es fo||ovs:
` Crorc
Current Assets As at March 31 Y o Y
Change
%
Change
2013 2012
Currcn| |nvcs|mcn|s
,|o|c 1o)
1,o22.4o 1,o22.4o - -
lnvcn|or|cs ,|o|c 17) 4,O57.19 3,7O2.85 354.34 1O%
reoc rccc|vec|cs
,|o|c 18)
5,3o5.49 5,832.51 -4o7.O2 -8%
Cesh & cen|
ce|enccs ,|o|c 19)
1o,8o7.7O 1o,141.83 725.87 4%
Shor| |crm |oens &
eovenccs ,|o|c 2O)
1,745.53 1,543.32 2O2.21 13%
O|hcr currcn| essc|s
,|o|c 21)
11,5O8.71 8,553.4O 2,955.31 35%
Total current assets 41,167.08 37,396.37 3,770.71 10%
/ meor por||on of currcn| essc|s compr|sco cesh eno cen|
ce|enccs. /s e| Verch 31, 2O13, cesh eno cen| ce|enccs s|ooo e|
`1o,8o7.7O crorc cc|n 41% of |hc |o|e| currcn| essc|s |n
comper|son |o ` 1o,141.83 crorc es e| Verch 31, 2O12 vh|ch ves
43% of |hc |o|e| currcn| essc|s es e| |he| oe|c. Of |h|s, ` 1o,4o9.97
crorc ves hc|o es |crm ocpos||s v||h cen|s es e| Verch 31, 2O13
es ee|ns| ` 15,o57.98 crorc es e| Verch 31, 2O12.
Inventories
lnvcn|or|cs es e| Verch 31, 2O13 vcrc ` 4,O57.19 crorc ,cc|n
~1O% of currcn| essc|s) es ee|ns| ` 3,7O2.85 crorc es e| Verch 31,
2O12. lnvcn|or|cs me|n|y compr|sc s|orcs eno spercs eno coe|
vh|ch erc me|n|e|nco for opcre||n p|en|s. S|orcs eno spercs
vcrc ` 2,21O.19 crorc es ee|ns| ` 1,899.57 crorc |n prcv|ous ycer
cno. Coe| |nvcn|ory emoun|co |o ` 885.o2 crorc es e| 31.O3.2O13
es ee|ns| ` 1,O9o.14 crorc |n prcv|ous ycer.
Trade Receivables
reoc rccc|vec|cs ,nc|) es e| 31.O3.2O13 erc ` 5,3o5.49 crorc es
ee|ns| ` 5,832.51 crorc es e| 31.O3.2O12. hc |reoc rccc|vec|cs
co||cc||on pcr|oo |s 3O oeys es ee|ns| 35 oeys es e| 31.O3.2O12.
reoc rccc|vec|cs ccforc prov|s|on for ceo eno oouc|fu| occ|s
s|eno e| ` 5,3o5.52 crorc es e| 31.O3.2O13 eno ` o,o73.21 crorc es
e| 31.O3.2O12. hc |reoc rccc|vec|c co||cc||on pcr|oo |s 3O oeys
es e| 31.O3.2O13 es ee|ns| 4O oeys es e| 31.O3.2O12 ccforc
cons|ocr|n |hc prov|s|on for ceo eno oouc|fu| occ|s.
|ccp|n |n v|cv |hc rcqu|rcmcn|s of rcv|sco Schcou|c vl |o |hc
Compen|cs /c|, 195o, unc|||co rcvcnucs erc shovn unocr 'O|hcr
currcn| essc|s' |n |o|c 21 of ce|encc shcc|.
Short term loans and advances
Shor| |crm |oens eno eovenccs es e| 31.O3.2O13 compr|sc of
eovenccs |o con|rec|ors eno supp||crs |nc|uo|n me|cr|e|s |ssuco
on |oen, shor| |crm eovenccs |o cmp|oyccs, sccur||y ocpos||s,
|oens eno eovenccs |o sucs|o|ery eno o|n| vcn|urc compen|cs
c|c. Shor| |crm |oens eno eovenccs hevc |ncrcesco from
` 1,543.32 crorc |n 2O11-12 |o ` 1,745.53 crorc |n 2O12-13 me|n|y
on eccoun| of |ncrcesc |n sccur||y ocpos||s eno |oens eno
eovenccs cx|cnoco |o o|n| vcn|urc compen|cs.
Other Current Assets
O|hcr currcn| essc|s cxc|uo|n unc|||co rcvcnuc erc es unocr:
` Crorc
As at March 31
2013 2012
O|hcr currcn| essc|s es pcr |o|c 21 11,5O8.71 8,553.4O
|css: 0nc|||co rcvcnuc 5,o24.27 5,o1o.1O
|c| O|hcr currcn| essc|s 5,884.44 2,937.3O
O|hcr currcn| essc|s |nc|uoc |n|crcs| eccruco on OSS bonos,
|crm ocpos||s v||h cen|s, o|hcr ocpos||s eno c|e|ms rccovcrec|c.
C|e|ms rccovcrec|c |nc|uocs ` 2,52O.O8 crorc ,prcv|ous ycer ` |||)
rccovcrec|c from Govcrnmcn| of |e||one| Cep||e| crr||ory of
|c|h| |overos sc|||cmcn| of oucs of crs|vh||c |c|h| ||cc|r|c
Supp|y 0nocr|e||n ,||S0).
C|e|ms rccovcrec|c e|so |nc|uoc ` 894.72 crorc ,prcv|ous ycer
` 7oo.12 crorc) rccovcrec|c |overos |hc cos| |ncurrco up|o 31
s|
Verch 2O13 |n rcspcc| of |oher|ne |e|e |yoro |ovcr |rocc|
vh|ch hes cccn o|scon||nuco on eov|cc of V|n|s|ry of |ovcr,
Govcrnmcn| of lno|e. hc cmpovcrco comm|||cc |n ||s mcc||n
hc|o |n !unc 2O12 epprovco en |n|cr|m peymcn| of ` 53o.3O crorc
for rc|mcurscmcn| |o ||C ee|ns| |hc emoun| of vor| oonc eno
pe|o |nc|uo|n l|C up|o |cccmccr 2O11. h|s emoun| |s cxpcc|co
|o cc rccc|vco our|n |hc currcn| nnenc|e| ycer 2O13-14 eno
ce|encc emoun| rccovcrec|c |s unocr ver|ous s|ecs of rcv|cv cy
|hc cmpovcrco comm|||cc.
C|e|ms rccovcrec|c e|so |nc|uoc c|e|ms ee|ns| re||veys `1,147.o9
crorc ,prcv|ous ycer ` 852.28 crorc).
0nc|||co rcvcnuc of ` 5,o24.27 crorc ,prcv|ous ycer ` 5,o1o.1O
crorc) |s nc| of crco||s |o cc pessco |o ccncnc|er|cs e| |hc ||mc of
c||||n eno |nc|uocs ` o,OO5.41 crorc ,prcv|ous ycer ` 5,411.93
crorc) cc|n c|||co |o |hc ccncnc|er|cs ef|cr 31
s|
Verch for cncry
se|cs.
9 Cash ows
Cesh, cesh cqu|ve|cn|s eno cesh novs on ver|ous ec||v|||cs |s |vcn
cc|ov:
` Crorc
FY 2012-13 FY 2011-12
Opcn|n cesh & cesh cqu|ve|cn|s 1o,141.83 1o,181.oO
|c| cesh from opcre||n ec||v|||cs 15,495.17 1O,7O9.85
|c| cesh usco |n |nvcs||n ec||v|||cs -14,O1o.89 -7,88O.54
|c| cesh nov from nnenc|n
ec||v|||cs
-752.41 -2,8o9.O8
Chenc |n cesh eno cesh cqu|ve|cn|s 725.87 -39.77
C|os|n cesh & cesh cqu|ve|cn|s 1o,8o7.7O 1o,141.83
37
th
Annual Report 2012-2013 oO
37
th
Annual Report 2012-2013 o1 37
th
Annual Report 2012-2013 o1
|c| cesh usco |n |nvcs||n ec||v|||cs |ncrcesco cy 78% eno ves
` 14,O1o.89 crorc |n nnenc|e| ycer 2O12-13 es comperco |o
` 7,88O.54 crorc |n |hc prcv|ous ycer. Cesh ou|novs on |nvcs||n
ec||v|||cs er|sc from cxpcno||urc on sc|||n up povcr procc|s,
|nvcs|mcn| of surp|us cesh |n ver|ous sccur|||cs, |nvcs|mcn|s |n
o|n| vcn|urcs & sucs|o|er|cs eno |ex ou|nov on |ncomc from
|nvcs||n ec||v|||cs. Cesh |nnovs er|sc from |n|crcs| from cen|s
eno o|v|ocno |ncomc from o|n| vcn|urcs eno sucs|o|er|cs eno
Vu|ue| |unos. Cesh |nvcs|co on purchesc of ||xco /ssc|s
|ncrcesco cy 51% |.c. from ` 1O,794.44 crorc |n nnenc|e| ycer
2O11-12 |o ` 1o,29o.o5 crorc |n nnenc|e| ycer 2O12-13. |ur|n |hc
ycer, |hcrc ves purchesc eno se|c of non-|reoc |nvcs|mcn|s eno
rcocmp||on of OSS bonos. Cesh novs from se|c of |nvcs|mcn|
,nc| of purchesc of |nvcs|mcn|) ves ` 1,o22.4o crorc.
|ur|n |hc ycer, ou| of cesh cncre|co from opcre||n ec||v|||cs
|hc Compeny usco nc| ` 752.41 crorc of cesh for scrv|c|n
nnenc|n ec||v|||cs es ee|ns| ` 2,8o9.O8 crorc |n |hc prcv|ous ycer.
|ur|n |hc nnenc|e| ycer 2O12-13 |hc Compeny heo en |nnov of `
11,o9o.9o crorc from |on |crm corrov|ns es ee|ns| ` 8,73o.39
crorc |n |hc prcv|ous ycer. Cesh usco for rcpeymcn| of |on |crm
corrov|ns our|n |hc nnenc|e| ycer 2O12-13 ves ` 4,434.52 crorc
es ee|ns| ` 3,522.93 crorc rcpe|o |n |hc prcv|ous ycer. Cesh usco
for pey|n o|v|ocno eno |hc |ex |hcrcon ves ` 4,Oo8.78 crorc.
BUSINESS AND FINANCIAL REVIEW OF SUBSIDIARY COMPANIES
/our Compeny hes nvc sucs|o|ery compen|cs es e| 31.O3.2O13 ou|
of vh|ch |hrcc erc vho||y ovnco.
hc oc|e||co nnenc|e| s|e|cmcn|s of |hc sucs|o|er|cs erc |nc|uoco
c|scvhcrc |n |h|s /nnue| |cpor|. hc pcrformencc of |hc nvc
sucs|o|er|cs |s cr|cny o|scussco hcrc:
(a) NTPC Electric Supply Company Limited (NESCL)
hc Compeny ves formco on /uus| 21, 2OO2 es e vho||y
ovnco sucs|o|ery compeny of ||C v||h en occc||vc |o
me|c e forey |n |hc cus|ncss of o|s|r|cu||on eno supp|y of
c|cc|r|ce| cncry es e scquc| |o rcforms |n|||e|co |n |hc povcr
scc|or. ||SC| |s vor||n croeo|y |n |hc fo||ov|n erces:
lmp|cmcn|e||on of |urn|cy procc|s unocr |e|v Genoh|
Gremccn v|oyu|||eren /oene ,|GGv/).
|rov|s|on of supp|y of c|cc|r|c||y |n 5 |m erce erouno ||C
povcr s|e||ons.
urn|cy cxccu||on of suc-s|e||ons for u||||||cs.
|rocc| menecmcn| consu||ency ess|nmcn|s.
|c|e|| o|s|r|cu||on of povcr |n ver|ous |nous|r|e| per|s
ocvc|opco cy |cre|e lnous|r|e| lnfres|ruc|urc |cvc|opmcn|
Corpore||on ,|l|||/), S|Zs eno o|hcr |nous|r|e| erces. / !o|n|
vcn|urc compeny |l||SCO povcr & u||||||cs |v|. ||o hes
cccn formco.
0nocr |GGv/, ||SC| |s cerry|n ou| |hc |mp|cmcn|e||on |n 29
o|s|r|c|s |n 5 s|e|cs ,Veohye |reocsh, Chhe|||serh, Oo|she,
!her|heno eno \cs| bcne|). |ur|n |hc nnenc|e| ycer 2O12-
13, 14O7 0n-c|cc|r|nco/|c-c|cc|r|nco ,0|/||) v|||ecs hevc
cccn cncr|zco eno vor| of 2,82O per||e||y c|cc|r|nco ,||)
v|||ecs hevc cccn comp|c|co. |ur|hcr, our|n |hc ycer,
c|cc|r|c||y conncc||ons hevc cccn prov|oco |o 25,2O4 bc|ov
|ovcr|y ||nc ,b||) rure| houscho|os. Cumu|e||vc|y, ||||
31.O3.2O13, 14,242 0|/|| v|||ecs hevc cccn cncr|sco, vor|
of 17,o79 || v|||ecs comp|c|co eno conncc||ons prov|oco
|o 2o |e|h b|| houscho|os. Ou| of 3O procc|s, phys|ce| vor|
of 15 procc|s hes cccn comp|c|co.
hc compeny |s e|so |nvo|vco |n prov|o|n supp|y of c|cc|r|c||y
|n 5 |m erce erouno ||C povcr p|en|s |n c|h| procc|s
vh|ch |s cxpcc|co |o cc comp|c|co cy sccono quer|cr of
hc nnenc|e| h|h||h|s of |hc Compeny erc es unocr:
Particulars FY 2012-13 FY 2011-12
` Crorc
||C's |nvcs|mcn| |n cqu||y O.O8 O.O8
o|e| |cvcnuc 28.92 55.o7
|ron| /,|oss) /f|cr ex ,24.59) 7.oo
|ern|ns/,|oss) pcr sherc ,ces|c) ,|n `) ,3,O38.77) 94o.59
Joint venture of NESCL
hc Compeny hes meoc e forey |n|o |hc o|s|r|cu||on scc|or
cy forme||on of e !v Compeny |l||SCO |ovcr & 0|||||y |v|.
||o. v||h |cre|e lnous|r|e| lnfres|ruc|urc |cvc|opmcn|
Corpore||on ,|l|||/) |o |e|c up rc|e|| o|s|r|cu||on of povcr
|n ver|ous lnous|r|e| |er|s ocvc|opco cy |l|||/ |n |cre|e eno
o|hcr S|Zs eno |nous|r|e| erces. hc ncv !v Compeny hes
|e|cn ovcr |hc opcre||ons from 1
s|
|ccruery 2O1O. o|e| se|c of
cncry our|n |hc nnenc|e| ycer 2O12-13 |s 59.4o V0.
/s e| 31.O3.2O13, |hc pe|o up sherc cep||e| of |hc Compeny
|s ` O.1O crorc eno ` O.2o crorc of sherc epp||ce||on moncy |s
pcno|n for e||o|mcn|. ||SC| ho|os 5O% of sherc cep||e|
emoun||n |o ` O.O5 crorc eno cn||rc ` O.2o crorc of sherc
epp||ce||on moncy pcno|n e||o|mcn|.
(b) NTPC Vidyut Vyapar Nigam Limited (NVVN)
hc Compeny ves formco on |ovcmccr 1, 2OO2 es e vho||y
ovnco sucs|o|ery compeny of ||C v||h en occc||vc |o
unocr|e|c cus|ncss of se|c eno purchesc of c|cc|r|c povcr.
|ur|n |hc ycer 2O12-13, |hc Compeny |rensec|co cus|ncss
v||h ver|ous s|e|c c|cc|r|c||y coeros sprceo e|| ovcr |hc
coun|ry eno |reoco 8,382 V0s of c|cc|r|c||y |n comper|son |o
8,529 V0s |reoco |n |hc prcv|ous ycer rcsu|||n |n occrcesc
of 2% ovcr |hc prcv|ous ycer vh|ch |s me|n|y ouc |o
concs||on |n |hc |rensm|ss|on sys|cm rcsu|||n |n
cons|ocrec|c cur|e||mcn| of opcn ecccss cy |hc Ccn|re|
rensm|ss|on 0|||||y ,C0).
|vv| |s |hc ocs|ne|co nooe| ecncy for purchesc of r|o
conncc|co so|er povcr up|o 1,OOO V\ es e per| of phesc-l
,2OO9-2O13) of !eveher|e| |chru |e||one| So|er V|ss|on
,!||SV) eno for se|c of such povcr |o o|s|r|cu||on u||||||cs
ef|cr cuno||n v||h cqu|ve|cn| mceve|| of |hc une||oce|co
povcr e| |hc o|spose| of Gov|. of lno|e from ||C's coe|
povcr s|e||ons. So fer, 4o8 V\ of so|er |v cepec||y hes cccn
comm|ss|onco. |ur|hcr, erouno 5OO V\ so|er |v procc|s erc
schcou|co for comm|ss|on|n our|n 2O13-14.
|ur|n |hc ycer 2O12-13, |hc compeny |rensec|co so|er
cncry v||h ver|ous |lSCOVs sprceo e|| ovcr |hc coun|ry eno
|reoco 1,59O V0s of so|er cuno|co povcr |n comper|son |o
329 V0s |reoco |n prcv|ous ycer.
37
th
|vv| hes e|so cccn ocs|ne|co es |hc |ooe| /cncy for
cross corocr povcr |reo|n v||h ben|eocsh eno bhu|en.
|vv| hes s|nco e ||/ v||h ben|eocsh |ovcr |cvc|opmcn|
boero on 28
|h
|ccruery 2O12 for supp|y of 25O V\ povcr
from ||C s|e||ons for 25 ycers. hc povcr supp|y |s |||c|y |o
commcncc from cno of !u|y 2O13.
` Crorc
||C's |nvcs|mcn| |n cqu||y 2O.OO 2O.OO
o|e| rcvcnuc 3,O75.32 2,379.18
|ron| /,|oss) /f|cr ex ,34.84) 111.93
|ern|ns /,|oss) |cr Sherc
ccforc cxccp||one| ||cms
,bes|c) ,|n `)
21.3O 2O.54
ef|cr cxccp||one| ||cms
,bes|c) ,|n `)
,17.42) 55.97
(c) NTPC Hydro Limited (NHL)
||C |yoro ||o. ves sc| up es e vho||y ovnco sucs|o|ery
compeny of ||C ||o. on 12
|h
|cccmccr 2OO2. /our boero
epprovco e schcmc of eme|eme||on of ||| v||h ||C
cons|ocr|n |hc ccncn|s of syncry of opcre||on, rcouc||on
|n ovcrhceo cxpcno||urc, cnhenccmcn| of cfnc|cncy &
eom|n|s|re||vc con|ro| eno |o op||m|zc u||||ze||on of
rcsourccs. V|n|s|ry of |ovcr, Govcrnmcn| of lno|e |hrouh
|c||cr |o. 5/5/2O12-h.ll oe|co 1O.O4.2O12, hes occ|oco |o
e||ov for eme|eme||on of ||| v||h ||C succc| |o
epprove| of compc|cn| eu|hor||y |n |crms of Scc||on 391-
394 of Compen|cs /c|, 195o ef|cr fo||ov|n ouc proccss.
hc compc|cn| eu|hor||y |.c. V|n|s|ry of Corpore|c /ffe|rs
,VC/) hes v|oc orocr oe|co 2O.12.2O12 o|rcc|co for
convcn|n |hc mcc||n of shercho|ocrs of co|h ||| eno
||C. /ccoro|n|y, |hc mcc||n of shercho|ocr of co|h
|hcsc compen|cs ves conouc|co on 24.O5.2O13 eno
schcmc ves epprovco cy rcqu|s||c meor||y. ||ne| epprove|
of VC/ |s eve||co.
|rcscn||y, |hc Compeny |s |mp|cmcn||n |hc fo||ov|n
procc|s:
Lata Tapovan Hydro Electric Project (171 MW) |s proposco
es e run of r|vcr hyoro procc| |n |hc s|e|c of 0||re|heno. /|| |hc
s|e|u|ory c|cerenccs hevc cccn oc|e|nco eno cn||rc |eno
rcqu|rco for |hc procc| hes cccn phys|ce||y ecqu|rco. hc
procc| she|| cc ocvc|opco es e rc|one| povcr s|e||on v||h
12% frcc povcr |o Gov|. of 0||ere|heno. hc povcr cncre|co
from |hc procc| vou|o cc prov|oco |o |hc ccncnc|er|cs of
|or|hcrn |c|on S|e|cs. hc procc| |s schcou|co for
comm|ss|on|n our|n 13
|h
p|en pcr|oo. hc procc| cos| hes
cccn epprovco e| ` 1,527.O8 crorc on 17.O7.2O12. /nnue|
cncre||on from |hc procc| |s cs||me|co es 8o9 V0s.
Rammam-III (120 MW) |n |hc s|e|c of \cs| bcne|. /|| |hc
s|e|u|ory c|cerenccs hevc cccn oc|e|nco eno meor||y of |eno
ecqu|s|||on ec||v|||cs hevc cccn comp|c|co. ver|ous
|nfres|ruc|urc ocvc|opmcn|e| vor|s erc unocr prorcss.
/nnue| cncre||on from |h|s procc| |s cs||me|co es 47o V0s.
` Crorc
||C's |nvcs|mcn| |n cqu||y
,|nc|. sherc cep||e| ocpos||)
,nc| of prov|s|on for
pcrmencn| o|m|nu||on)
113.42 113.42
|ron| /,|oss) /f|cr ex* ,O.OO) ,O.O1)
* |oss of `31,348/- eno ` o4,781/- for |hc nnenc|e| ycer
2O12-13 eno 2O11-12 rcspcc||vc|y.
/s e| 31.3.2O13, |hc pe|o-up sherc cep||e| of |hc Compeny |s
` 121.3o crorc eno ` O.2O crorc of sherc epp||ce||on moncy
|s pcno|n for e||o|mcn|.
(d) Kanti Bijlee Utpadan Nigam Limited (KBUNL)
/ Compeny nemco 've|she|| |ovcr Gcncre||n Compeny
||o.' ves |ncorpore|co on Scp|cmccr o, 2OOo es e sucs|o|ery
of ||C |o |e|c ovcr Vuzefferpur hcrme| |ovcr S|e||on ,2 x
11O V\). hc Compeny ves rcchr|s|cnco es '|en|| b||cc
0|peoen ||em ||m||co' on 1O.O4.2OO8. hc cqu||y
con|r|cu||on |n |hc Compeny es e| 31.O3.2O13 |s o5% cy
||C eno 35 % cy b|her S|e|c |ovcr Gcncre||on Co. ||o.
,bS|GC|).
0n|| # 2 of 11O V\ of S|ecl ves occ|erco commcrc|e| |n
Oc|occr 2O1O. |cnove||on eno Voocrn|ze||on ,|&V) of
cx|s||n un||s 211O V\ |s cc|n cerr|co-ou| cy b|||.
|or S|ec ll, ou| of 31 pec|ecs, 28 pec|ecs hevc cccn
everoco up|o 31.O3.2O13. |yoro |cs| of onc un|| of S|ec ll
,un|| # 3) hes cccn comp|c|co.
O|hcr nnenc|e| h|h||h|s of |hc Compeny erc |vcn cc|ov:
` Crorc
,|nc| sherc cep||e| ocpos||)
382.8O 357.15
o|e| rcvcnuc 9.93 127.7o
|ron| /,|oss) /f|cr ex ,12.9O) 5.35
|ern|ns/,|oss) |cr Sherc
,bes|c) ,|n `)
,O.25) O.15
/s e| 31.3.2O13, |hc pe|o up sherc cep||e| of |hc Compeny
|s ` 549.4o crorc eno ` 88.o1 crorc of sherc epp||ce||on
moncy |s pcno|n for e||o|mcn| vh|ch |nc|uocs
` 357.15 crorc eno ` 25.o5 crorc rcspcc||vc|y es |hc sherc
of ||C ||o.
(e) Bhartiya Rail Bijlee Company Limited (BRBCL)
b|bC| ves |ncorpore|co es e sucs|o|ery of ||C on |ovcmccr
22, 2OO7 hev|n cqu||y per||c|pe||on of 74:2o cy ||C ||o.
eno V|n|s|ry of |e||veys, Gov|. of lno|e rcspcc||vc|y for
sc|||n up of 4 un||s of 25O V\ cech of coe| cesco povcr
37
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37
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th
p|en| e| |ec|neer, o|s|r|c| /ureneceo, b|her.
hc nnenc|e| h|h||h|s of |hc Compeny erc |vcn cc|ov:
` Crorc
5O9.4o 5O9.4o
|ron| /,|oss) /f|cr ex ,O.1o) ,O.O1)
,bes|c) ,|n `)
,O.OO) ,O.OO)
/s e| 31.3.2O13, |hc pe|o up sherc cep||e| of |hc Compeny |s
` o88.4o crorc of vh|ch ||C's sherc |s ` 5O9.4o crorc. Sherc
epp||ce||on moncy pcno|n e||o|mcn| es on 31.O3.2O13 |s
` 83.OO crorc of vh|ch ||C's sherc |s ` 39,OOO/-.
BUSINESS AND FINANCIAL REVIEW OF JOINT VENTURE
COMPANIES
a) Utility Powertech Limited (UPL)
0|| |s e 5O:5O o|n| vcn|urc compeny of ||C eno |c||encc
lnfres|ruc|urc ||m||co formco |o |e|c up ess|nmcn|s of
cons|ruc||on, crcc||on eno supcrv|s|on |n povcr scc|or eno
o|hcr scc|ors |n lno|e eno ecroeo es vc|| es |o prov|oc men
povcr |o povcr, |c|ccom eno o|hcr scc|ors.
` Crorc
||C's |nvcs|mcn| |n cqu||y 1.OO 1.OO
o|e| rcvcnuc 438.93 4O2.35
|ron| /,|oss) /f|cr ex 15.94 15.23
|ern|ns / ,|oss) |cr Sherc
,bes|c) ,|n `)
39.8o 38.Oo
|s ` 4.OO crorc. ||C hes e sherc of ` 2.OO crorc |n |hc pe|o
up sherc cep||e| vh|ch |nc|uocs ` 1.OO crorc of conus sherc
e||o||co |n |hc cer||cr ycers.
|or |hc nnenc|e| ycer 2O12-13, |hc compeny hes pe|o |n|cr|m
o|v|ocno of ` 4.OO crorc eno e|so proposco e nne| o|v|ocno
of ` o.OO crorc. ||C's sherc of |o|e| o|v|ocno |s ` 5.OO crorc.
b) NTPC-SAIL Power Company Pvt. Ltd. (NSPCL)
|S|C|, e 5O:5O o|n| vcn|urc compeny of ||C eno S/l| ves
|ncorpore|co on O8.O2.1999 for runn|n |hc cep||vc povcr
p|en|s of S/l| e| |urepur, |our|c|e eno bh||e|.
|S|C| ovns eno opcre|cs e cepec||y of 814 V\ mos||y es
cep||vc povcr p|en|s for S/l|'s s|cc| menufec|ur|n fec|||||cs
|oce|co e| |urepur, |our|c|e eno bh||e|. Cep||vc povcr
p|en|s ,314 V\) of |S|C| rccoroco cncre||on of 2,oO2 V0s
e| 94.59% |||. |ur|hcr, bh||e| |xpens|on ,225OV\) ech|cvco
92% ||| eno cncre|co 4,O3O V0s.
` Crorc
||C's |nvcs|mcn| |n cqu||y 49O.25 475.25
o|e| rcvcnuc 1,898.OO 1,78O.Oo
|ron| /,|oss) /f|cr ex 248.Oo 194.23
,bes|c) ,|n `)
2.5o 2.O4
|s ` 98O.5O crorc eno ou| of |h|s, 5O% hes cccn con|r|cu|co
cy ||C ||o.
|S|C| hes rccommcnoco e nne| o|v|ocno of ` 132.37 crorc
of vh|ch ||C's sherc |s ` oo.19 crorc.
c) NTPC-ALSTOM Power Services Private Limited (NASL)
|/S| |s e 5O:5O o|n| vcn|urc compeny cc|vccn ||C
||m||co eno /|s|om |ovcr Sys|cms Gmc|, Gcrmeny. hc
Compeny ves formco on 27.O9.1999 for |e||n up |cnove||on
& Voocrn|ze||on ess|nmcn|s of povcr p|en|s co|h |n lno|e
eno S//|C coun|r|cs. /per| from ecovc, |hc Compeny hes
vcn|urco |n|o ver|ous s|uo|cs |||c |cs|oue| ||fc /sscssmcn|
,||/) S|uo|cs, S|cem |e|h /uo||, c|c.
|ur|n |hc ycer 2O12-13, |hc Compeny hes rc|s|crco e
|urnovcr of ` o7.o2 crorc eno |s cxccu||n orocrs e| |/|CO,
||C enoe, S/l| |our|c|e, /mer|en|e| s||cs c|c. ln eoo|||on,
|hc compeny |s cxp|or|n ncv oppor|un|||cs |n |hc
|n|cre|co rc|ron| cus|ncss, |S|, opcre||on eno me|n|cnencc
eno |erc sce|c crcc||on vor| ecross ver|ous povcr p|en|s
|n lno|e.
` Crorc
o|e| rcvcnuc 7O.Oo 78.43
|ron| /,|oss) /f|cr ex 2.32 2.84
|ern|ns/,|oss) |cr Sherc
,bes|c) ,|n `)
3.8o 4.73
|s ` o.OO crorc v||h 5O% cc|n con|r|cu|co cy your Compeny.
hc Compeny occ|erco e o|v|ocno of ` O.oO crorc our|n |hc
ycer 2O12-13 of vh|ch ||C's sherc |s ` O.3O crorc.
d) NTPC Tamil Nadu Energy Company Limited (NTECL)
||C| ves formco es e 5O:5O o|n| vcn|urc cc|vccn ||C
eno em||neou Gcncre||on eno ||s|r|cu||on Compeny
,/|G||CO) on Vey 25, 2OO3 |o ocvc|op eno opcre|c
15OO V\ povcr procc| e| ve||ur. hc procc| |s nemco
es ve||ur hcrme| |ovcr |rocc| eno |s cxpcc|co |o usc
|nnorc por| |nfres|ruc|urc fec|||||cs.
0n||-l ,5OO V\) of |hc procc| ves comm|ss|onco on
28.O3.2O12 eno occ|erco commcrc|e| on 29.11.2O12.
0n||- ll ves comm|ss|onco on 28.O2.2O13.
37
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` Crorc
1,143.o1 899.OO
o|e| rcvcnuc 3O2.2o -
|ron| /,|oss) /f|cr ex ,49.98) ,1.32)
,bes|c) ,|n `)
,O.27) ,O.O1)
hc pe|o up sherc cep||e| of |hc Compeny |s ` 2,287.21
crorc eno ou| of |h|s, 5O% heo cccn con|r|cu|co cy ||C
||o. |ur|hcr, es e| 31.O3.2O13, |hc emoun| of sherc cep||e|
ocpos|| pcno|n for e||o|mcn| |s ` 2O.OO crorc from
/|G||CO.
e) Ratnagiri Gas and Power Pvt. Limited (RGPPL)
|G||| ves formco |n !u|y 2OO5 es o|n| vcn|urc cc|vccn
||C eno G/l| es promo|crs eno VS|b |o|o|n Co. ||o. eno
lno|en ||nenc|e| lns|||u||ons es o|hcr cqu||y per||c|pen|s for
|e||n ovcr eno opcre||n crs|vh||c |echo| |ovcr |rocc|
essc|s cons|s||n of 194O V\ es cesco comc|nco cyc|c
povcr c|oc| eno 5 VV|/ ||G c|oc|. hc essc|s vcrc
|rensfcrrco |o |G||| |n Oc|occr 2OO5.
hc |ovcr b|oc|, spcerhceoco cy ||C, hes cccn fu||y
rcv|vco eno unocr commcrc|e| opcre||on s|ncc Vey 19, 2OO9
supp|y|n 43.5 b0s so fer |o |hc \cs|crn Gr|o. S|e|c of
Veheresh|re ,95%), 0 of |emen & ||u ,2%), 0 of |eore eno
|eer |evc|| ,2%) eno S|e|c of Goe ,1%) erc |hc ccncnc|er|cs
of |hc povcr cncre|co from |hc fec||||y. hc povcr c|oc|
opcre|co e| 31.21% ||| our|n 2O12-13 me|ch|n v||h |hc
ov|no||n supp|y of oomcs||c es from |G |o ces|n es
nc|os of |l|/b||/|/|l|O ,7.o VVSCV|) eno |nec||||y of G/l|
|o supp|y es from O|GC's mer|ne| nc|os ,O.9 VVSCV|).
||G c|oc|, spcerhceoco cy G/l|, hes cccn comm|ss|onco
eno es oc||vcry hes s|er|co from !enuery 1O, 2O13. S|ncc,
|hc povcr cncre||on |s cnv|seco us|n |hc oomcs||c es
cn||rc|y, |hc |n|cre|co ||G |crm|ne| she|| cc u||||zco for
|o|||n purposcs. |G||| hes e|rceoy cn|crco |n|o e |on |crm
erccmcn| v||h G/l| for commcrc|e| u||||ze||on of |hc
|crm|ne| eno |o|||n opcre||ons hevc s|er|co our|n |h|s |cs|
run.
` Crorc
||C's |nvcs|mcn| |n cqu||y 974.3O 77o.9O
o|e| rcvcnuc 2,289.51 5,223.83
|ron| /,|oss) /f|cr ex ,375.33) 1,O89.24
|ern|ns / ,|oss) |cr Sherc
,bes|c) ,|n `)
,1.43) 4.oO
|s ` 2,91o.4o crorc eno ou| of |h|s, ||C's sherc con|r|cu||on
|s ` 974.3O crorc.
f) Aravali Power Company Private Limited (APCPL)
/|C|| ,/ o|n| vcn|urc compeny of ||C ||o., lnorepres|he
|ovcr Gcncre||n Co. ||o. _l|GC|, of |c|h| Gov|. eno |eryene
|ovcr Gcncre||n Co. ||o. _||GC|, of |eryene Gov|. hes sc|
up lno|re Genoh| Supcr hcrme| |ovcr |rocc| of 15OO V\
,3x5OO V\), coe| nrco povcr p|en|, |n !heer ||s|r|c| of
|eryene.
/|| |hc |hrcc un||s |.c. 0n||-l, 0n||-ll eno 0n||-lll of |hc p|en| erc
unocr commcrc|e| opcre||on v.c.f. from O5.O3.2O11,
21.O4.2O12 eno 2o.O4.2O13 rcspcc||vc|y.
` Crorc
1,2O8.52 1,O89.51
o|e| rcvcnuc 2,77o.87 1,4O8.93
|ron| /,|oss) /f|cr ex 177.72 34.15
|ern|ns / ,|oss)|cr Sherc
,bes|c) ,|n `)
O.78 O.18
/s on 31.O3.2O13, |hc pe|o up cep||e| of |hc Compeny |s
` 2,319.O2 crorc v||h 5O% cc|n con|r|cu|co cy ||C ||o.
|ur|hcr, es on 31.O3.2O13, |hc emoun| of sherc cep||e| ocpos||
pcno|n for e||o|mcn| |s ` 98.O1 crorc ou| of vh|ch ||C's
sherc |s ` 49.O1 crorc.
g) NTPC-SCCL Global Venture Pvt. Ltd (NSGVPL)
||C ||m||co e|on v||h S|nercn| Co|||cr|cs Compeny
||m||co formco e 5O:5O o|n| vcn|urc compeny unocr |hc
nemc '||C-SCC| G|oce| vcn|urcs |r|ve|c ||m||co' on !u|y 31,
2OO7 |o unocr|e|c ver|ous ec||v|||cs |n coe| eno povcr scc|ors
|nc|uo|n ecqu|s|||on of coe|/||n||c m|nc c|oc|s,
ocvc|opmcn| eno opcre||on of |n|cre|co coe| cesco povcr
p|en|s eno prov|o|n consu||ency scrv|ccs. bo|h ||C eno
SCC| ho|o 5O% cqu||y cech.
||C hes eppo|n|co |SGv|| es V|O for e||e|pe||| Coe|
V|n|n |rocc| on nom|ne||on ces|s.
|s ` O.1O crorc, ou| of vh|ch 5O% hes cccn con|r|cu|co cy
your Compeny.
h) Meja Urja Nigam Private Limited (MUNPL)
h|s !v Compeny ves formco v||h 0||er |reocsh |eye v|oyu|
0|peoen ||em ||m||co ,0||v0||) on /pr|| 2, 2OO8 for
sc|||n up e povcr p|en| of 132O V\ ,2ooO V\) e| Vce
chs|| |n /||eheceo o|s|r|c| |n |hc s|e|c of 0||er |reocsh.
hc boero of ||rcc|ors of V0||| epprovco en |nvcs|mcn| of
` 1O,829.58 crorc on 28.O4.2O12.
SG pec|ec hes cccn everoco |o bG| |ncry on 3O.O4.2O12
eno G pec|ec hes cccn everoco |o osh|ce Corpore||on,
!epen eno osh|ce !S\ urc|nc & Gcncre|or |v|. ||o. on
O1.O5.2O12.
||nenc|e| c|osurc for |hc 2ooO V\ Vce hcrme| |ovcr
|rocc| hes cccn ech|cvco eno |oen erccmcn| for `7,574.77
crorc hes cccn cxccu|co on Oo.Oo.2O12, v||h e consor||um
of cen|s eno nnenc|e| |ns|||u||ons |co cy S|e|c ben| of lno|e.
37
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37
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th
hc compeny hes |ncurrco e cumu|e||vc cepcx of ` 1O82.3o
crorc up|o 31.O3.2O13 of vh|ch ` 859.99 crorc ves |ncurrco
|n 2O12-13.
|s ` 757.58 crorc eno ou| of |h|s, 5O% hes cccn con|r|cu|co
cy ||C ||o. |ur|hcr, es e| 31.O3.2O13, ou| of sherc cep||e|
ocpos|| pcno|n for e||o|mcn| emoun||n |o ` o7.28 crorc, `
33.o4 crorc cc|n 5O% of |hc |o|e| sherc cep||e| ocpos|| hes
cccn con|r|cu|co cy ||C ||o.
i) NTPC BHEL Power Projects Pvt. Ltd. (NBPPL)
|b||| ves formco on /pr|| 28, 2OO8 es e !v Compeny v||h
bhere| |cevy ||cc|r|ce| ||o ,b|||) for cerry|n ou| |n|nccr|n
|rocurcmcn| eno Cons|ruc||on ,||C) ec||v|||cs |n |hc povcr
scc|or eno |o cnec |n menufec|ur|n eno supp|y of
cqu|pmcn| for povcr p|en|s eno o|hcr |nfres|ruc|urc procc|s
|n lno|e eno ecroeo.
Venufec|ur|n p|en| of |b||| |s cc|n cons|ruc|co e|
Venneverem, |rupe|| ||s||., /.|. for C|| eno /||. Currcn||y,
|b||| |s cxccu||n ||C con|rec|s for ce|encc of p|en|
pec|ecs of |e|e|ene Comc|nco Cyc|c |ovcr ||en| |n r|pure
eno |emrup Comc|nco Cyc|c |ovcr ||en| |n /ssem eno bo|
|nc|uo|n |&C \or|s of cn||rc p|en| for Vonerche|, r|pure
for ||||CO.
` Crorc
o|e| rcvcnuc 114.oo 14o.92
|ron| /,|oss) /f|cr ex 5.oo 13.Oo
,bes|c) ,|n `)
1.13 2.o1
|s ` 5O.OO crorc, ou| of |h|s, 5O% hes cccn con|r|cu|co cy
your Compeny.
j) BF-NTPC Energy Systems Limited (BFNESL)
b|-||C |ncry Sys|cms ||m||co ves formco on !unc 19,
2OO8 v||h bhere| |orc ||m||co |o cs|ec||sh e fec||||y |o |e|c
up menufec|ur|n of ces||ns, for|ns, n|||ns eno h|h
prcssurc p|p|n rcqu|rco for povcr procc|s eno o|hcr
|nous|r|cs, be|encc of ||en| ,bo|) cqu|pmcn| for |hc povcr
scc|or.
|s ` 12.OO crorc v||h 49% |.c. ` 5.88 crorc cc|n con|r|cu|co
cy ||C ||o.
k) Nabinagar Power Generating Company Private Limited
(NPGC)
'|ec|neer |ovcr Gcncre||n Compeny |r|ve|c ||m||co' ves
|ncorpore|co es e !v Compeny on Scp|cmccr 9, 2OO8 v||h
cque| cqu||y con|r|cu||on from crs|vh||c b|her S|e|c ||cc|r|c||y
boero ,nov b|her S|e|c |ovcr Gcncre||on Co. ||o.) for
sc|||n-up of e coe| cesco povcr procc| e| |cv |ec|neer
|n o|s|r|c| /ureneceo of S|e|c of b|her. hc procc| v||| hevc
e cepec||y of 198O V\ ,3ooO V\). hc Compeny v||| e|so
unocr|e|c opcre||on & me|n|cnencc of |hc procc| ef|cr ||s
comm|ss|on|n.
||C's boero epprovco |hc |nvcs|mcn| of ` 15,131.o7 crorc
on 21.O1.2O13. ||nenc|e| c|osurc ves ech|cvco cy s|n|n
|oens for ` 8,575.OO crorc. G & SG pec|ecs vcrc everoco
on 31.O1.2O13.
|s ` 3Oo.OO crorc of vh|ch ||C hes con|r|cu|co ` 153.OO
crorc. |ur|hcr, |hc emoun| of sherc cep||e| ocpos|| pcno|n
for e||o|mcn| |s ` o34.25 crorc ou| of vh|ch ||C's sherc |s `
317.13 crorc.
l) National Power Exchange Limited (NPEX)
||| ves |ncorpore|co es e !v Compeny v||h |||C ||o.,
|ovcr ||nencc Corpore||on ||o. eno e|e Consu||ency
Scrv|ccs ||o. on |cccmccr 11, 2OO8 |o sc| up eno opcre|c e
povcr cxchenc e| ne||one| |cvc|.
|ccp|n |n v|cv |hc chenc |n mer|c| sccner|o eno |hc fec|
|he| ||C's occc||vc of o|n|n ||| hes no| cccn ech|cvco
so fer, boero of ||rcc|ors of ||C |n ||s 388
|h
mcc||n hc|o on
O1.11.2O12 epprovco |hc propose| of ||C's cx|| from |||.
hc occ|s|on of ||C |o cx|| from ||| hes cccn
commun|ce|co |o o|hcr promo|crs of |||. ln v|cv of
ecovc, prov|s|on |overos pcrmencn| o|m|nu||on, |n |hc ve|uc
of Compeny's |nvcs|mcn| emoun||n |o ` 1.O4 crorc hes cccn
meoc |n |hc coo|s of eccoun|s of ||C.
/s on 31.O3.2O13, |hc Compeny hes pe|o-up sherc cep||e| of
` 13.13 crorc of vh|ch ||C hes con|r|cu|co `2.19 crorc.
m) International Coal Ventures Private Limited (ICVL)
/ !v Compeny ves |ncorpore|co on Vey 2O, 2OO9 unocr |hc
nemc 'ln|crne||one| Coe| vcn|urcs |r|ve|c ||m||co' ,lCv|) |n
essoc|e||on v||h S|cc| /u|hor||y of lno|e ,S/l|), Coe| lno|e
||m||co ,Cl|), |esh|r|ye lspe| ||em ||m||co ,|l||) eno |V|C
||m||co ,|V|C). S/l|, Cl|, |l||, |V|C eno ||C she||
con|r|cu|c |n |hc cqu||y sherc cep||e| of |hc Compeny |n |hc
re||o of 2:2:1:1:1 rcspcc||vc|y. hc Compeny hes cccn
|ncorpore|co for |hc purposc of cerry|n on cus|ncss for
ovcrsces ecqu|s|||on/ opcre||on of coe| m|ncs or c|oc|s/
compen|cs for sccur|n co||n eno |hcrme| coe| supp||cs.
hc boero of ||rcc|ors of ||C ||o., |n |hc|r mcc||n on 27
|h

!enuery 2O12, occ|oco |o cx|| ou| of lCv|. / |c||cr pcrm||||n
|hc semc hes cccn rccc|vco from |hc V|n|s|ry of |ovcr. lCv|
|s |o |e|c up |hc |ssuc v||h o|hcr per|ncrs ef|cr oc|e|n|n
Cec|nc| epprove|. lCv| rcsponsc on |h|s me||cr eno on
Cec|nc| c|cerencc |s eve||co, sucscqucn| |o vh|ch, |hc
v||horeve| proccss vou|o commcncc.
|s ` 9.8O crorc |n vh|ch ||C's con|r|cu||on |s ` 1.4O crorc.
n) National High Power Test Laboratory Private Limited
(NHPTL)
||C hes formco e !v Compeny on Vey 22, 2OO9 unocr |hc
nemc '|e||one| ||h |ovcr cs| |ecore|ory |r|ve|c ||m||co' |n
essoc|e||on v||h |||C ||m||co, |ovcr Gr|o Corpore||on of
lno|e ||m||co eno |emooer ve||cy Corpore||on. On
24.O2.2O12, Ccn|re| |ovcr |cscerch lns|||u|c ves forme||y
|nouc|co es nf|h cqu||y !v per|ncr. /|| !v per|ncrs v|||
con|r|cu|c cque||y |o |hc sherc cep||e| of |hc Compeny. hc
37
th
Annual Report 2012-2013 oo
Compeny hes cccn |ncorpore|co for sc|||n up en On-||nc
||h |ovcr cs| |ecore|ory for shor|-c|rcu||s |cs| fec||||y |n
|hc coun|ry.
O&V erccmcn| cc|vccn C||l eno |||| s|nco on 8
|h
|cc,
2O13. ver|ous crcc||on & comm|ss|on|n vor| |s unocr
prorcss e| s||c.
|s ` 55.3O crorc vh|ch |nc|uocs ` 11.Oo crorc ,2O%) cc|n
||C's sherc.
o) Energy Efciency Services Limited (EESL)
||S| ves formco on |cccmccr 1O, 2OO9 |o cerry on eno
promo|c |hc cus|ncss of cncry cfnc|cncy eno c||me|c
chenc |nc|uo|n menufec|urc eno supp|y of cncry
cfnc|cncy scrv|ccs eno proouc|s. ||C, ||C, |GCl| eno ||C
ho|o shercs |n |hc cqu||y sherc cep||e| of |hc Compeny
cque||y. ||ffcrcn| cncry cfnc|cncy |mprovcmcn| rc|e|co
vor|s |||c rcp|eccmcn| of er|cu||ure| pumps, rcpor| unocr
|crform, /ch|cvc eno reoc ,|/) Schcmc erc cc|n |e|cn
up cy |hc Compeny
` Crorc
25.OO 25.OO
o|e| rcvcnuc 14.54 12.o8
|ron| /,|oss) /f|cr ex o.34 5.O2
,bes|c) ,|n `)
1o.11 2O.O8
/s e| 31.O3.2O13, pe|o up sherc cep||e| of |hc Compeny |s
` 9O.OO crorc of vh|ch ` 22.5O crorc hes cccn con|r|cu|co
cy ||C.
p) Transformers and Electricals Kerala Limited (TELK)
ln 2OO7, ||C ||o. o|nco henos v||h Govcrnmcn| of |cre|e
for s|re|c|c ecqu|s|||on of 44.oO% s|e|c |n ||| e| e |o|e|
ve|uc of ` 31.34 crorc.
Sucscqucn| |o |h|s ecqu|s|||on, ||C crouh| ||s sys|cm eno
proccourcs |n |hc vor| cu||urc of |||, cerr|co ou| nnenc|e|
rcs|ruc|ur|n eno |ncc|co e ncv |cesc of ||fc |n |hc compeny.
hc cffor|s s|er|co shov|n pos|||vc rcsu||s eno |ooey ||| |s
e zcro occ|, o|v|ocno pey|n compeny v||h e pos|||vc nc|
vor|h of ovcr `117.59 crorc. ||| hes rce|nco ||s nnenc|e|
hce||h eno rc|e|nco ||s |cchn|ce| coc for proouc|n ccs|
que|||y |rensformcrs |n |hc coun|ry eno |s nov |oo||n
op||m|s||ce||y e| h|hcr |cchno|oy specc |n 7o5|v vo||ec
|cvc|s.
||nenc|e| ycer 2O12-13 ves sccn es |hc mos| o|fncu|| pcr|oo
for |rensformcr |nous|ry vh|ch rc|s|crco e nce||vc rov|h
for nrs| ||mc |n |es| |cn ycers. h|s ves pr|mer||y ouc |o |hc
s|ene||on |n povcr scc|or rov|h eno ovcre|| cconom|c
rov|h vh|ch s|ovco |o ||s |ovcs| re|c |n |hc occeoc,
cs||me|co cy |hc Govcrnmcn| e| 5%. |ur|hcr, |hc s||ff
compc||||on offcrco cy Ch|ncsc eno |orcen menufec|urcrs
e|so effcc|co |hc oomcs||c menufec|urcrs.
|csp||c |hcsc che||cncs, ||| meneco |o rcme|n hce||hy
eno pron|ec|c eno nn|shco |hc ycer v||h proouc||on of
5178 Vv/, |hcrccy rc|s|cr|n e p|en| cepec||y u||||se||on
fec|or of 115%.
|s ` 42.97 crorc v||h ||C ||m||co ho|o|n 44.oO% of |hc
pe|o-up cep||e| of ||| e| en ecqu|s|||on cos| of ` 31.34
crorc.
hc nnenc|e| h|h||h|s of |hc Compeny erc:
` Crorc
||C's |nvcs|mcn| |n cqu||y 31.34 31.34
o|e| rcvcnuc 154.4o 2O2.37
|ron| /,|oss) /f|cr ex 1.59 13.21
,bes|c) ,|n `)
O.37 3.O7
q) CIL NTPC Urja Private Limited (CNUPL)
Cl| ||C 0re |r|ve|c ||m||co ves formco es e o|n| vcn|urc
Compeny cc|vccn ||C ||o. eno Coe| lno|e ||m||co ,Cl|) on
/pr|| 27, 2O1O.
h|s Compeny hes cccn formco v||h |hc e|m of unocr|e||n
|hc ocvc|opmcn|, opcre||on & me|n|cnencc of coe| c|oc|s e|
brehm|n| eno Ch|chro |e|s|me| |n !her|heno eno |n|cre|co
coe| cesco povcr p|en|s.
VOC v|oc ||s commun|ce||on oe|co 14.Oo.2O11, oc-
e||oce|co brehm|n| & Ch|chro-|e|s|me| coe| c|oc|s from |hc
!v Compeny. VOC v|oc |c||cr oe|co 21.Oo.12 hes |cn|e||vc|y
ess|nco |hcsc coe| c|oc|s |o Cl| eno es|co |o sucm|| |hc
||mcfremc |n vh|ch |hcsc c|oc|s v||| cc crouh| |n|o
proouc||on. ||C es vc|| es V|n|s|ry of |ovcr erc pursu|n
v||h VOC for v||horeve| of oc-e||oce||on of |hcsc |vo coe|
c|oc|s eno rcs|or|n || |o !v Compeny.
hc eu|hor|zco cep||e| of |hc compeny |s ` 1O.OO crorc eno
es on 31.O3.2O13, pe|o up cep||e| |s ` O.O5 crorc of vh|ch
||C shercho|o|n |s 5O%. ||C's sherc cep||e| pcno|n
e||o|mcn| es on 31-O3-2O13 |s ` O.O5 crorc
r) Anushakti Vidhyut Nigam Limited (ASHVINI)
/shv|n| hes cccn |ncorpore|co es e !o|n| vcn|urc Compeny
cc|vccn ||C ||m||co ,||C) eno |uc|cer |ovcr Corpore||on
of lno|e ||m||co ,||Cl|) on !enuery 27, 2O11. ||Cl| eno ||C
vou|o ho|o 51% eno 49% of |hc cqu||y sherc cep||e|
rcspcc||vc|y. hc Compeny hes cccn formco for |hc purposc
of ocvc|opmcn| of nuc|cer povcr procc|s |n |hc coun|ry
v||h|n |hc fremcvor| of /|om|c |ncry /c|, 19o2.
||C proposcs |o cs|ec||sh 2x7OO V\ cepec||y of ||\|
cesco nuc|cer rcec|or e| ||ser |n |eryene succc| |o
emcnomcn| |n /|om|c cncry /c|, 19o2 eno sucscqucn|
|rensfcr of |hc procc| |o |hc proposco !v Compeny. hc
emcnomcn| c||| |s cc|n ec||vc|y pursuco cy /|C for cer|y
|n|roouc||on |n per||emcn|.
/s on 31.O3.2O13, Compeny hes e pe|o up cep||e| of ` O.1O
crorc eno ||C hes rc|cesco ` O.O5 crorc es |n|||e| cqu||y
con|r|cu||on.
37
th
s) Trincomalee Power Company Limited
/ !o|n| vcn|urc Compeny cc|vccn your Compeny eno
Ccy|on ||cc|r|c||y boero, Sr| |en|e ,C|b) ves |ncorpore|co |n
Sr| |en|e on Scp|cmccr 2o, 2O11 unocr |hc nemc 'r|ncome|cc
|ovcr Compeny ||m||co'. bo|h ||C eno C|b ho|o 5O% cech
of |hc cqu||y sherc cep||e| of |hc Compeny. hc o|n| vcn|urc
Compeny hes cccn formco |o sc| up e 225OV\ coe| cesco
povcr procc| |n r|ncome|cc rc|on |n Sr| |en|e.
hc eu|hor|sco sherc cep||e| eno pe|o-up cep||e| of |hc
Compeny |s Sr| |en|en |upccs 3OO m||||on, sucscr|cco
cque||y cy ||C ||m||co eno C|b. ||C's con|r|cu||on |n
pe|o up sherc cep||e| |n l|| |s ` o.72 crorc.
t) Pan-Asian Renewables Private Limited
/ o|n| vcn|urc compeny emons| ||C ||m||co, /s|en
|cvc|opmcn| ben| ,/|b) eno |yuocn ln|crne||one|
Corpore||on, e vho||y ovnco sucs|o|ery of |yushu ||cc|r|c
|ovcr Compeny lnc. ,|yushu) ves |ncorpore|co on Oc|occr
14, 2O11 unocr |hc nemc '|en-/s|en |cncvec|cs |r|ve|c
||m||co'. ||C, /|b eno |yushu she|| con|r|cu|c |n |hc re||o
of 5O:25:25 |n |hc cqu||y sherc cep||e| of |hc Compeny. hc
Compeny hes cccn |ncorpore|co |o ocvc|op rcncvec|c
cncry procc|s eno she|| |n|||e||y cs|ec||sh ovcr e pcr|oo of
|hrcc ycers e por|fo||o of ecou| 5OO V\ of rcncvec|c povcr
cncre||on rcsourccs |n lno|e.
hc Compeny |s prcper|n ||s |n|||e| cus|ncss p|en vh|ch e|so
|nc|uocs |ocn||nce||on of |n|||e| procc|s for ocvc|opmcn|.
hc eu|hor|sco sherc cep||e| of |hc Compeny es e| 31
s|
Verch
2O13 |s ` o.5O crorc eno pe|o up sherc cep||e| |s ` 1.OO crorc.
||C's con|r|cu||on |n pe|o-up sherc cep||e| |s ` O.5O crorc.
u) Bangladesh-India Friendship Power Company Pvt.
Limited (BIFPCL)
/ !o|n| vcn|urc Compeny cc|vccn ||C eno ben|eocsh
|ovcr |cvc|opmcn| boero, ben|eocsh ,b||b) ves
|ncorpore|co |n |he|e on Oc|occr 31, 2O12 unocr |hc nemc
'ben|eocsh lno|e |r|cnosh|p |ovcr Compeny ,|v|.) ||m||co'.
bo|h ||C eno b||b v||| ho|o 5O% cech of |hc cqu||y sherc
cep||e| of |hc Compeny. hc !o|n| vcn|urc Compeny hes
cccn formco |o ocvc|op eno opcre|c coe| cesco povcr
procc|,s) |n ben|eocsh.
hc eu|hor|zco sherc cep||e| of |hc compeny |s ben|eocsh
e|e 4OO m||||on ,cqu|ve|cn| |o ` 27.5 crorc epprox|me|c|y).
|ces|c||||y rcpor| hes cccn prcperco for e 1,32O V\ |mpor|co
coe| cesco povcr procc| |n |empe| erce of |hu|ne |c|on of
ben|eocsh. |ovcr |urchesc /rccmcn| ,cc|vccn bl||C|
eno b||b) eno |mp|cmcn|e||on erccmcn| ,cc|vccn bl||C|
eno Gov|. of ben|eocsh) for |hc |hu|ne povcr procc| hevc
cccn s|nco cy bl||C| on /pr|| 2O, 2O13 |n |he|e.
Consolidated nancial statements of NTPC Ltd.
hc conso||oe|co nnenc|e| s|e|cmcn|s hevc cccn prcperco |n
eccoroencc v||h /ccoun||n S|enoeros ,/S)-21 - 'Conso||oe|co
||nenc|e| S|e|cmcn|s' eno /ccoun||n S|enoeros ,/S)-27
-'||nenc|e| rcpor||n of ln|crcs|s |n !o|n| vcn|urcs' eno erc |nc|uoco
|n |h|s /nnue| rcpor|.
/ cr|cf summery of |hc rcsu||s on e conso||oe|co ces|s |s |vcn
cc|ov:
` Crorc
FY 2012-13 FY 2011-12
o|e| rcvcnuc 72,54O.79 o8,842.48
|ron| ccforc ex 1o,o1O.95 13,137.2o
|ron| ef|cr ex 12,58o.22 9,814.oo
|ron| ef|cr ex _|css Sherc of
|ron|/,|oss)- V|nor||y |n|crcs|,
12,59O.78 9,812.79
|c| Cesh from opcre||n ec||v|||cs 1o,5O7.79 11,39o.9o
CAUTIONARY STATEMENT
S|e|cmcn|s |n |hc Venecmcn| ||scuss|on eno /ne|ys|s eno |n |hc
||rcc|ors' |cpor|, ocscr|c|n |hc Compeny's occc||vcs,
procc||ons eno cs||me|cs, con|e|n voros or phrescs such es
v|||', e|m', cc||cvc', cxpcc|', |n|cno', cs||me|c', p|en',
occc||vc', con|cmp|e|c', procc|' eno s|m||er cxprcss|ons or
ver|e||ons of such cxprcss|ons, erc forvero-|oo||n' eno
prorcss|vc v||h|n |hc mcen|n of epp||cec|c |evs eno rcu|e||ons.
/c|ue| rcsu||s mey very me|cr|e||y from |hosc cxprcssco or |mp||co
cy |hc forvero |oo||n s|e|cmcn|s ouc |o r|s|s or unccr|e|n||cs
essoc|e|co |hcrcv||h ocpcno|n upon cconom|c cono|||ons,
ovcrnmcn| po||c|cs eno o|hcr |nc|ocn|e| fec|ors. |ceocrs erc
ceu||onco no| |o p|ecc unouc rc||encc on |hcsc forvero-|oo||n
s|e|cmcn|s.
||ecc: |cv |c|h| ,|r. /rup |oy Chouohury)
|e|c: 2
no
/uus| 2O13 Che|rmen & Vene|n ||rcc|or
37
th
Annex-II to Directors Report
Corporate Governance Philosophy
ln our Compeny, Corpore|c Govcrnencc ph||osophy s|cms from
our cc||cf |he| corpore|c ovcrnencc |s e |cy c|cmcn| |n |mprov|n
cfnc|cncy eno rov|h es vc|| es cnhenc|n |nvcs|or connocncc
eno eccoro|n|y, |hc Corpore|c Govcrnencc ph||osophy hes cccn
scr|p|co es unocr:
/s e ooo corpore|c c|||zcn, |hc Compeny |s comm|||co |o souno
corpore|c prec||ccs cesco on consc|cncc, opcnncss, fe|rncss,
profcss|one||sm eno eccoun|ec||||y |n cu||o|n connocncc of ||s
ver|ous s|e|cho|ocrs |n || |hcrccy pev|n |hc vey for ||s |on |crm
succcss.'
Our Compeny cc||cvcs |n sus|e|nec|c corpore|c rov|h |he|
cmene|cs from |op |ceocrsh|p oovn |hrouh |hc oren|ze||on
|o |hc s|e|cho|ocrs vh|ch |s rcncc|co |n ||s ocvc|opco nnenc|e|
sys|cm, cnhencco mer|c| rcpu|e||on eno |mprovco cfnc|cncy.
Our Corpore|c Govcrnencc sys|cm prov|ocs en |mp||c|| fremcvor|
|he| e||ovs s|e|cho|ocrs |o essumc |hc|r rcspons|c|||||cs eno
|n |urn vc cnsurc |he| |hc r|h|s eno pr|v||ccs of soc|c||cs eno
cnv|ronmcn|s erc rcspcc|co v||h|n vh|ch |hc Compeny opcre|cs.
bcs|ocs eohcr|n |o prov|s|ons of ||s||n /rccmcn|, vc e|so
fo||ov |hc Gu|oc||ncs on Corpore|c Govcrnencc for C|S|s |ssuco
cy |cper|mcn| of |uc||c |n|crpr|scs ,|||), Govcrnmcn| of lno|e.
1.2 CORPORATE GOVERNANCE AWARDS & RECOGNITIONS
ln rccon|||on of cxcc||cncc |n Corpore|c Govcrnencc, ||C
hes ceco |hc fo||ov|n everos:
,|) 'Go|ocn |cecoc| G|oce| /vero for |xcc||cncc
|n Corpore|c Govcrnencc' cy \or|o Counc|| for
Corpore|c Govcrnencc for |hc ycer 2O12. h|s evero
ves e|so rccc|vco cy |hc Compeny our|n |hc ycers
2OO7 eno 2OO9.
,||) /vero for |xcc||cncc 2O11 - Gooo Corpore|c C|||zcn
/vero cy ||| Chemccr of Commcrcc eno lnous|ry.
,|||) 'lCSl |e||one| /vero for |xcc||cncc |n Corpore|c
Govcrnencc 2OO9' cy |hc lns|||u|c of Compeny
Sccrc|er|cs of lno|e
,|v) 'Go|ocn |cecoc| |e||one| /vero for |xcc||cncc |n
Corpore|c Govcrnencc' cy \or|o Counc|| for Corpore|c
Govcrnencc |n |hc ycer 2OO8
2. BOARD OF DIRECTORS
2.1 Size of the Board
\c erc e Govcrnmcn| Compeny v||h|n |hc mcen|n of
scc||on o17 of |hc Compen|cs /c|, 195o es |hc |rcs|ocn|
of lno|e prcscn||y ho|os 75% of |hc |o|e| pe|o-up sherc
cep||e|. /s pcr /r||c|cs of /ssoc|e||on, |hc povcr |o eppo|n|
||rcc|ors vcs|s |n |hc |rcs|ocn| of lno|e.
ln |crms of |hc /r||c|cs of /ssoc|e||on of |hc Compeny, |hc
s|rcn|h of our boero she|| no| cc |css |hen four ||rcc|ors or
morc |hen |vcn|y ||rcc|ors. hcsc ||rcc|ors mey cc c||hcr
vho|c-||mc ||rcc|ors or per|-||mc ||rcc|ors. hc cons|||u||on
of |hc boero |s es unocr:
,|) Scvcn |unc||one| ||rcc|ors |nc|uo|n |hc Che|rmen &
Vene|n ||rcc|or,
,||) vo Govcrnmcn| |om|ncc ||rcc|ors eno
,|||) ||nc lnocpcnocn| ||rcc|ors es pcr |hc rcqu|rcmcn| of
|hc ||s||n /rccmcn|.
2.2 Composition
/s on 31
s|
Verch 2O13, |hc boero compr|sco scvcn|ccn
||rcc|ors ou| of vh|ch scvcn vcrc vho|c-||mc ||rcc|ors
|nc|uo|n |hc Che|rmen & Vene|n ||rcc|or. vo ||rcc|ors
erc nom|nccs of |hc Govcrnmcn| of lno|e. hc boero hes
c|h| lnocpcnocn| ||rcc|ors vho hevc cccn eppo|n|co
cy |hc Govcrnmcn| of lno|e |hrouh e Scerch Comm|||cc
cons|||u|co for |hc purposc. hc ||rcc|ors cr|n |o |hc boero
v|oc renc of cxpcr|cncc eno s||||s.
hc ||s||n erccmcn|s v||h s|oc| cxchencs s||pu|e|c he|f of
|hc boero mcmccrs |o cc |nocpcnocn| o|rcc|ors. /s such,
our boero mus| hevc n|nc lnocpcnocn| ||rcc|ors es ee|ns|
c|h| lnocpcnocn| ||rcc|ors prcscn||y on our boero. hc
eppo|n|mcn| of onc morc lnocpcnocn| ||rcc|or |s cc|n
oonc cy |hc Govcrnmcn| of lno|e.
|c|e||s rcero|n lnocpcnocn| ||rcc|ors on |hc boero of |hc
Compeny our|n |hc nnenc|e| ycer 2O12-13 |s es unocr:
Period Requirement Actual
/pr|| 1, 2O12 |o /uus|
22, 2O12
9 8
/uus| 23, 2O12 |o
|ccruery 3, 2O13
9 9
|ccruery 4, 2O13 |o Verch
31, 2O13
9 8
2.3 Age limit and tenure of Directors
hc ec ||m|| of |hc Che|rmen & Vene|n ||rcc|or eno o|hcr
vho|c-||mc ||rcc|ors |s oO /cers.
hc Che|rmen & Vene|n ||rcc|or eno o|hcr vho|c ||mc
||rcc|ors erc |n|||e||y eppo|n|co for e pcr|oo of nvc ycers
from |hc oe|c of |e||n ovcr |hc cherc or un||| |hc oe|c of
supcrennue||on of |hc |ncumccn|, or un||| fur|hcr orocrs
from |hc Govcrnmcn| of lno|e, vh|chcvcr cvcn| occurs
cer||cr. besco on |hc pcrformencc, |hc |cnurc of |hc
vho|c-||mc o|rcc|or |s e|so cx|cnoco fur|hcr |||| |hc oe|c of
supcrennue||on or un||| fur|hcr orocr from |hc Govcrnmcn|
of lno|e, vh|chcvcr cvcn| occurs cer||cr.
Govcrnmcn| |om|ncc ||rcc|ors rcprcscn||n V|n|s|ry of
|ovcr, Govcrnmcn| of lno|e rc||rc from |hc boero on cces|n
|o cc ofnc|e|s of |hc V|n|s|ry of |ovcr.
lnocpcnocn| ||rcc|ors erc eppo|n|co cy |hc Govcrnmcn| of
lno|e for |cnurc of |hrcc ycers.
2.4 Resume of Directors
hc cr|cf rcsumc of ||rcc|ors rc||r|n cy ro|e||on eno
/oo|||one| ||rcc|ors scc||n eppo|n|mcn| |nc|uo|n
ne|urc of |hc|r cxpcr|cncc |n spcc|nc func||one| erces,
nemcs of compen|cs |n vh|ch |hcy ho|o o|rcc|orsh|p
eno mcmccrsh|p/ che|rmensh|p of boero/ Comm|||ccs |s
eppcnoco |o |hc |o||cc ce|||n |hc /nnue| Gcncre| Vcc||n.
2.5 Board Meetings
hc mcc||ns erc convcnco cy |v|n eppropr|e|c eovencc
no||cc. o eoorcss spcc|nc urcn| ncco, mcc||ns erc e|so
cc|n ce||co e| e shor|cr no||cc. ln cesc of cx|cnc|cs or
urcncy, rcso|u||ons erc pessco cy c|rcu|e||on.
|c|e||co ecnoe no|cs, menecmcn| rcpor|s eno o|hcr
REPORT ON CORPORATE GOVERNANCE
37
th
cxp|ene|ory s|e|cmcn|s erc norme||y c|rcu|e|co e||ces| e
vcc| ccforc |hc boero Vcc||n |n |hc ocnnco ecnoe
forme| emons| |hc mcmccrs for fec||||e||n mcen|nfu|,
|nformco eno focusco o|scuss|ons e| |hc mcc||ns. \hcrc ||
|s no| prec||cec|c |o c|rcu|e|c eny oocumcn| or |hc ecnoe |s
of connocn||e| ne|urc, |hc semc |s |ec|co v||h |hc epprove|
of CV|. Connocn||e| me||crs erc o|scussco e| |hc mcc||n
v||hou| vr|||cn me|cr|e| cc|n c|rcu|e|co.
hc mcc||ns of |hc boero of ||rcc|ors erc norme||y hc|o e|
|hc Compeny's rc|s|crco ofncc s||ue|co |n |cv |c|h|.
h|r|ccn boero Vcc||ns vcrc hc|o our|n |hc nnenc|e| ycer
2O12-13 on /pr|| 19, Vey 1O, !unc 12, !u|y 27, /uus| 23,
Scp|cmccr 22, Oc|occr 2o, |ovcmccr 7, |ovcmccr 2o,
|cccmccr 28, 2O12, !enuery 21, |ccruery 2o, eno Verch
22, 2O13. hc mex|mum |n|crve| cc|vccn eny |vo mcc||ns
our|n |h|s pcr|oo ves 44 oeys. |c|e||s of numccr of boero
mcc||ns e||cnoco cy ||rcc|ors, e||cnoencc e| |es| /GV,
numccr of o|hcr o|rcc|orsh|p/ comm|||cc mcmccrsh|p ,v|z.,
/uo|| Comm|||cc eno Shercho|ocrs Gr|cvencc Comm|||cc
es pcr |hc ||s||n /rccmcn|) hc|o cy |hcm our|n |hc ycer
2O12-13 erc |ecu|e|co cc|ov:
S.
No.
Directors Meeting
held during
respective
tenures of
Directors
No. of
Board
Meetings
Attended
Attendance
at the last
AGM
(held on
18.09.12)
Number
of other
Director-
ships held on
31.03.13
Number of Committee
memberships in companies
on 31.03.13
$
As Chairman As Member
Functional Directors
1. Shr| /rup |oy Chouohury
Che|rmen & Vene|n
||rcc|or
13 13 /cs 8 - -
2. Shr| /.|. S|nhe|
||rcc|or ,||nencc)
13 13 /cs 8 4 1
3. Shr| l.!. |epoor
||rcc|or ,Commcrc|e|)
13 12 /cs 5 - -
4. Shr| b.|. S|nh
||rcc|or ,|rocc|s)
13 11 /cs 5 1 1
5. Shr| |.|. !e|n
||rcc|or ,cchn|ce|)
,up|o 3O.Oo.2O12)
3 3 |/* |/* |/* |/*
o. Shr| S.|. S|nh
||rcc|or ,|umen |csourccs)
,up|o 28.O2.2O13)
12 12 /cs |/* |/* |/*
7. Shr| |.|. V|sre
13 13 /cs 9 - 5
8. Shr| /.|. !he
||rcc|or ,cchn|ce|)
,v.c.f. O1.O7.2O12)
1O 1O /cs 5 - 1
9. Shr| 0.|. |en|
||rcc|or ,|umen |csourccs)
,v.c.f. O1.O3.2O13)
1 1 |/* 2 - 1
Non-executive Directors (Government Nominees)
1O. Shr| l.C.|. |csher|
!S ,h.), V|n|s|ry of |ovcr
13 1O |o 1 - -
11. Shr| |e|csh !e|n
!S&|/, V|n|s|ry of |ovcr
13 12 /cs 1 1 2
37
th
Independent Directors
12. |r. V. Gov|noe |eo
||rcc|or, |l|||
,up|o O3.O2.2O13)
11 9 /cs |/* |/* |/*
13. Shr| S.b. Ghosh |es||oer
|ormcr Vcmccr ,refnc),
|e||veys
13 1O /cs 1 1 -
14. Shr| |.S. Sehoo
|rec||s|n Cher|crco
/ccoun|en|
13 11 /cs 3 - 1
15. Shr| /|| V. ||mce||er
|x-Ch|cf Sccrc|ery,
Govcrnmcn| of Veheresh|re
13 8 /cs 2 - -
1o. Shr| S.|. 0peohyey
|x-CV|, Veheneo|
Coe|nc|os ||m||co
13 12 /cs 2 - -
17. Vs. |./. |eruve||e
|x-CV|, Ccn|re| ben| of
lno|e
13 13 /cs 4 1 3
18. Shr| /.|. Che||cr|
|x-|cpu|y, C&/G, Gov|. of
lno|e
13 1O /cs - - 1
19. |rof. Sush|| |henne
|rofcssor of |conom|cs eno
S|re|c|c Venecmcn|, llV,
|o||e|e
13 o /cs 3 - -
2O. |r. /. ||oer S|nh
|x-Sccrc|ery |o |hc Gov|.
of lno|e
,v.c.f. 23.O8.2O12)
9 7 /cs 2 - -
*|/ |no|ce|cs |he| conccrnco pcrson ves no| e ||rcc|or on ||C's boero on |hc rc|cven| oe|c.
$ ln ||nc v||h c|eusc 49 of ||s||n /rccmcn|, on|y |hc /uo|| Comm|||cc eno Shercho|ocrs/ lnvcs|ors Gr|cvencc Comm|||cc hevc cccn
|e|cn |n|o cons|ocre||on |n rcc|on|n |hc numccr of comm|||cc mcmccrsh|ps of ||rcc|ors or Che|rmen eno es Vcmccr.
2.6 Information placed before the Board of Directors:
hc boero hes comp|c|c ecccss |o eny |nforme||on v||h|n
|hc Compeny |o cc ec|c |o |e|c |nformco eno mcen|nfu|
occ|s|ons, cxcrc|sc con|ro| ovcr |hc oren|se||on es vc|| es
|o rcv|cv |hc prorcss of |mp|cmcn|e||on of |hc s|re|c|c
occ|s|ons eno corpore|c p|ens formu|e|co cy |hc boero. hc
|nforme||on rcu|er|y supp||co |o |hc boero |nc|uocs:
/nnue| opcre||n p|ens eno cuoc|s eno eny upoe|cs.
Cep||e| buoc|s eno eny upoe|cs.
|cv|cv of prorcss of ono|n procc|s |nc|uo|n cr|||ce|
|ssucs eno erces ncco|n menecmcn| e||cn||on
Ouer|cr|y nnenc|e| rcsu||s.
/nnue| /ccoun|s, ||rcc|ors' |cpor|, c|c.
Veor |nvcs|mcn|s, forme||on of sucs|o|er|cs eno !o|n|
vcn|urcs, S|re|c|c /|||enccs, c|c.
V|nu|cs of mcc||ns of /uo|| Comm|||cc eno o|hcr
Comm|||ccs of |hc boero.
V|nu|cs of mcc||ns of boero of ||rcc|ors of sucs|o|ery
compen|cs.
|e|e| or scr|ous ecc|ocn|s, oencrous occurrcnccs, c|c.
Opcre||one| h|h||h|s eno sucs|en||e| non-peymcn| for
ooos so|o cy |hc Compeny.
/vero of |erc ve|uc con|rec|s.
||sc|osurc of ln|crcs| cy ||rcc|ors ecou| o|rcc|orsh|p
eno comm|||cc pos|||ons occup|co cy |hcm |n o|hcr
compen|cs.
Ouer|cr|y |cpor| on forc|n cxchenc cxposurcs.
Ouer|cr|y |cpor| on |orc|n revc| of |unc||one| ||rcc|ors
eno |mp|oyccs.
Ouer|cr|y |cpor| on Shor| crm |cpos||s eno
lnvcs|mcn|s.
37
th
Ouer|cr|y |cpor| on Con|rec| everoco on nom|ne||on
ces|s.
Ouer|cr|y |cpor| on |cconc|||e||on of Sherc Cep||e|
/uo||
Ouer|cr|y |cpor| on bus|ncss /c||v|||cs of ver|ous !o|n|
vcn|urc Compen|cs eno Sucs|o|er|cs of ||C
|on-Comp||encc of eny rcu|e|ory, s|e|u|ory or ||s||n
rcqu|rcmcn|s eno shercho|ocrs scrv|ccs such es non-
peymcn| of o|v|ocno, oc|ey |n sherc |rensfcr, c|c.
Ouer|cr|y rcpor| on Comp||encc of ver|ous |evs
hc |nforme||on on rccru||mcn| eno promo||on of
scn|or ofnccrs |o |hc |cvc| of |xccu||vc ||rcc|or vh|ch
|s us| cc|ov |hc boero |cvc| eno Compeny Sccrc|ery.
/ny s|n|ncen| ocvc|opmcn| |n |umen |csourccs/
lnous|r|e| |c|e||ons |||c s|n|n of vec erccmcn|,
|mp|cmcn|e||on of vo|un|ery |c||rcmcn| Schcmc, c|c.
lnforme||on rc|e||n |o meor |ce| o|spu|cs.
/c||on e|cn |cpor| on e|| pcno|n me||crs.
||h||h|s of |mpor|en| cvcn|s from |es| mcc||n |o |hc
currcn| mcc||n.
/ny o|hcr |nforme||on rcqu|rco |o cc prcscn|co |o |hc
boero for |nforme||on or epprove|.
3. COMMITTEES OF THE BOARD OF DIRECTORS
hc boero hes cs|ec||shco |hc fo||ov|n Comm|||ccs:-
|) /uo|| Comm|||cc.
||) Shercho|ocrs' / lnvcs|ors' Gr|cvencc Comm|||cc.
|||) |cmuncre||on Comm|||cc
|v) Comm|||cc on Venecmcn| Con|ro|s.
v) |rocc| Suc-Comm|||cc.
v|) lnvcs|mcn|/Con|r|cu||on Suc-Comm|||cc.
v||) Con|rec|s Suc- Comm|||cc.
v|||) Comm|||cc of |unc||one| ||rcc|ors for Con|rec|s
|x) Comm|||cc of |hc boero for /||o|mcn| eno |os|-
/||o|mcn| ec||v|||cs of ||C's Sccur|||cs
x) Comm|||cc for Corpore|c Soc|e| |cspons|c||||y
x|) Comm|||cc for v|||encc Ve||crs
x||) Comm|||cc for V|nc |cvc|opmcn|
x|||) Sus|e|nec|c |cvc|opmcn| Comm|||cc
x|v) Comm|||cc for |cv|cv of Coe| lmpor| |o||cy
xv) |orc|n |xchenc ||s| Venecmcn| Comm|||cc
3.1 AUDIT COMMITTEE
hc cons|||u||on, quorum, scopc, c|c. of |hc /uo|| Comm|||cc
|s |n ||nc v||h |hc Compen|cs /c|, 195o, prov|s|ons of ||s||n
/rccmcn| eno Gu|oc||ncs on Corpore|c Govcrnencc es
|ssuco cy |cper|mcn| of |uc||c |n|crpr|scs, Gov|. of lno|e.
Scope of Audit Committee
1. ||scuss|on v||h /uo||ors pcr|oo|ce||y ecou| |n|crne|
con|ro| sys|cms eno |hc scopc of euo|| |nc|uo|n
ocscrve||ons of |hc euo||ors.
2. |cv|cv|n, v||h |hc menecmcn|, |hc quer|cr|y nnenc|e|
s|e|cmcn|s ccforc sucm|ss|on |o |hc boero for epprove|.
3. |nsurc comp||encc of ln|crne| Con|ro| Sys|cms.
4. Ovcrs|h| of |hc Compeny's nnenc|e| rcpor||n proccss
eno |hc o|sc|osurc of ||s nnenc|e| |nforme||on |o cnsurc
|he| |hc nnenc|e| s|e|cmcn| |s corrcc|, sufnc|cn| eno
crco|c|c.
5. |o||n eppo|n|mcn| eno rcmove| of cx|crne| euo||ors.
|ccommcno|n euo|| fcc of cx|crne| euo||ors eno e|so
epprove| for peymcn| for eny o|hcr scrv|cc.
o. |cv|cv|n, v||h |hc menecmcn|, |hc ennue| nnenc|e|
s|e|cmcn|s ccforc sucm|ss|on |o |hc coero for epprove|,
v||h per||cu|er rcfcrcncc |o:
e. Ve||crs rcqu|rco |o cc |nc|uoco |n |hc ||rcc|or's
|cspons|c||||y S|e|cmcn| |o cc |nc|uoco |n |hc
boero's rcpor| |n |crms of c|eusc ,2//) of scc||on
217 of |hc Compen|cs /c|, 195o,
c. Chencs, |f eny, |n eccoun||n po||c|cs eno prec||ccs
eno rcesons for |hc semc,
c. Veor eccoun||n cn|r|cs |nvo|v|n cs||me|cs cesco
on |hc cxcrc|sc of uomcn| cy menecmcn|,
o. S|n|ncen| eous|mcn|s meoc |n |hc nnenc|e|
s|e|cmcn|s er|s|n ou| of euo|| nno|ns,
c. Comp||encc v||h ||s||n eno o|hcr |ce| rcqu|rcmcn|s
rc|e||n |o nnenc|e| s|e|cmcn|s,
f. ||sc|osurc of eny rc|e|co per|y |rensec||ons,
. Oue||nce||ons |n |hc oref| euo|| rcpor|.
7. |cv|cv|n, v||h |hc menecmcn|, pcrformencc of
s|e|u|ory eno |n|crne| euo||ors, |hc eocquecy of |n|crne|
con|ro| sys|cms eno sucs||on for |mprovcmcn| of |hc
semc.
8. |cv|cv|n |hc eocquecy of |n|crne| euo|| func||on,
|nc|uo|n |hc s|ruc|urc of |hc |n|crne| euo|| ocper|mcn|,
s|efnn eno scn|or||y of |hc ofnc|e| hceo|n |hc
ocper|mcn|, rcpor||n s|ruc|urc covcrec eno frcqucncy
of |n|crne| euo||.
9. ||scuss|on v||h |n|crne| euo||ors eny s|n|ncen| nno|ns
eno fo||ov up |hcrc on. |cv|cv of |n|crne| euo||
ocscrve||ons ou|s|eno|n for morc |hen |vo ycers.
1O. |cv|cv|n |hc nno|ns of eny |n|crne| |nvcs||e||ons
cy |hc |n|crne| euo||ors |n|o me||crs vhcrc |hcrc |s
suspcc|co freuo or |rrcu|er||y or e fe||urc of |n|crne|
con|ro| sys|cms of e me|cr|e| ne|urc eno rcpor||n |hc
me||cr |o |hc boero.
11. ||scuss|on v||h s|e|u|ory euo||ors ccforc |hc euo||
commcnccs, ecou| |hc ne|urc eno scopc of euo|| es
vc|| es hevc pos|-euo|| o|scuss|on |o esccr|e|n eny erce
of conccrn.
12. o |oo| |n|o |hc rcesons for sucs|en||e| ocfeu||s |n
|hc peymcn| |o |hc ocpos||ors, occcn|urc ho|ocrs,
shercho|ocrs ,|n cesc of non peymcn| of occ|erco
o|v|ocnos) eno crco||ors.
13. |cv|cv of ocscrve||ons of C&/G |nc|uo|n s|e|us of
Govcrnmcn| /uo|| peres.
14. o rcv|cv |hc func||on|n of |hc \h|s||c b|ovcr
mcchen|sm.
15. lnvcs||e||on |n|o eny me||cr |n rc|e||on |o |hc ||cms
37
th
spcc|nco ecovc or rcfcrrco |o || cy |hc boero.
1o. o rcv|cv |hc fo||ov up ec||on |e|cn on |hc rccommcnoe||ons
of Comm|||cc on |uc||c 0nocr|e||ns ,CO|0) of |hc
|er||emcn|.
17. |rov|oc en opcn evcnuc of commun|ce||on cc|vccn |hc
|nocpcnocn| euo||ors, |n|crne| euo||ors eno |hc boero of
||rcc|ors.
18. |cv|cv v||h |hc |nocpcnocn| euo||or |hc co-oro|ne||on of
euo|| cffor|s |o essurc comp|c|cncss of covcrec, rcouc||on
of rcounoen| cffor|s eno |hc cffcc||vc usc of e|| euo||
rcsourccs.
19. Cons|ocr eno rcv|cv |hc fo||ov|n v||h |hc |nocpcnocn|
euo||or eno |hc menecmcn|:
e) hc eocquecy of |n|crne| con|ro|s |nc|uo|n
compu|cr|zco |nforme||on sys|cm con|ro|s eno sccur||y,
eno
c) |c|e|co nno|ns eno rccommcnoe||ons of |hc
|nocpcnocn| euo||or eno |n|crne| euo||or, |oc|hcr v||h
|hc menecmcn| rcsponscs.
2O. Cons|ocr eno rcv|cv |hc fo||ov|n v||h |hc menecmcn|,
|n|crne| euo||or eno |hc |nocpcnocn| euo||or:
e) S|n|ncen| nno|ns our|n |hc ycer, |nc|uo|n |hc s|e|us
of prcv|ous euo|| rccommcnoe||ons.
c) /ny o|fncu|||cs cncoun|crco our|n euo|| vor| |nc|uo|n
eny rcs|r|c||ons on |hc scopc of ec||v|||cs or ecccss |o
rcqu|rco |nforme||on.
21. |cv|cv|n v||h |hc menecmcn|, s|e|cmcn| of uscs/
epp||ce||on of funos re|sco |hrouh en |ssuc ,puc||c
|ssuc, r|h| |ssuc, prcfcrcn||e| |ssuc c|c.), s|e|cmcn| of
funos u||||sco for purposcs o|hcr |hen s|e|co |n |hc offcr
oocumcn|s/prospcc|us/no||cc eno |hc rcpor| sucm|||co
cy |hc mon||or|n ecncy mon||or|n |hc u||||se||on of
procccos of e puc||c or r|h|s |ssuc eno me||n eppropr|e|c
rccommcnoe||ons |o |hc coero |o |e|c up s|cps |n |h|s
me||cr.
Constitution
hc /uo|| Comm|||cc hes cccn cons|||u|co v||h |hc mcmccrsh|p
of:
|) |our lnocpcnocn| ||rcc|ors |o cc nom|ne|co cy |hc boero
from ||mc |o ||mc.
||) !o|n| Sccrc|ery & ||nenc|e| /ov|sor ,!S & |/), V|n|s|ry of
|ovcr ,VO|), Govcrnmcn| of lno|e nom|ne|co on |hc boero
of ||C.
Composition
/s on 31
s|
Verch 2O13, |hc /uo|| Comm|||cc compr|sco |hc
fo||ov|n mcmccrs:-
Shr| S.b. Ghosh |es||oer lnocpcnocn| ||rcc|or
Shr| |.S. Sehoo lnocpcnocn| ||rcc|or
Shr| /.|. Che||cr| lnocpcnocn| ||rcc|or
Vs. |./. |eruve||e lnocpcnocn| ||rcc|or
Shr| |e|csh !e|n Govcrnmcn| |om|ncc
||rcc|or ,||nencc), |ceo of ln|crne| /uo|| |cper|mcn| eno
|hc S|e|u|ory /uo||ors erc |nv||co |o |hc /uo|| Comm|||cc
Vcc||ns for |n|crec||n v||h |hc mcmccrs of |hc Comm|||cc.
bcs|ocs, Cos| /uo||ors of |hc Compeny erc e|so |nv||co |o
|hc mcc||ns of |hc /uo|| Comm|||cc es eno vhcn rcqu|rco.
Scn|or func||one| cxccu||vcs erc e|so |nv||co es eno vhcn
rcqu|rco |o prov|oc ncccssery |npu|s |o |hc Comm|||cc.
hc Compeny Sccrc|ery ec|s es |hc Sccrc|ery |o |hc
Comm|||cc.
Meetings and Attendance
||h| mcc||ns of |hc /uo|| Comm|||cc vcrc hc|o our|n
|hc nnenc|e| ycer 2O12-13 on /pr|| 13, Vey 1O, Vey 17, !u|y
1O, !u|y 2o, Oc|occr 25, |cccmccr 27, 2O12 eno !enuery
21, 2O13.
hc oc|e||s of |hc mcc||ns of /uo|| Comm|||cc e||cnoco cy
|hc mcmccrs erc es unocr:-
Members of Audit
Committee
Meetings
held during
his tenure
Meetings
attended
Shr| |e|csh !e|n 8 7
Shr| S.b. Ghosh |es||oer 8 7
|r. V. Gov|noe |eo
,up|o O3.O2.2O13)
8 8
Shr| |.S. Sehoo 8 5
Shr| /.|. Che||cr| 8 6
Vs. |./. |eruve||e 8 7
Shr| S.b. Ghosh |es||oer, lnocpcnocn| ||rcc|or che|rco scvcn
Vcc||ns of |hc /uo|| Comm|||cc ou| of c|h| Vcc||ns hc|o
our|n |hc nnenc|e| ycer 2O12-13. Onc Vcc||n ves che|rco
cy |r. V. Gov|noe |eo |n |hc ecscncc of Shr| S.b. Ghosh
|es||oer. Shr| S.b. Ghosh |es||oer, Che|rmen of |hc /uo||
Comm|||cc ves prcscn| |n |hc /nnue| Gcncre| Vcc||n |o
ensvcr |hc qucr|cs of |hc shercho|ocrs.
||rcc|or ,||nencc) eno |ceo of ln|crne| /uo|| vcrc prcscn|
|n e|| /uo|| Comm|||cc Vcc||ns hc|o our|n |hc ycer unocr
rcv|cv es |nv||ccs es pcr rcqu|rcmcn| of ||s||n /rccmcn|.
3.2 SHAREHOLDERS / INVESTORS GRIEVANCE COMMITTEE
hc Compeny hes cons|||u|co 'Shercho|ocrs' / lnvcs|ors'
Gr|cvencc Comm|||cc'.
Scope of the Committee
h|s Comm|||cc |oo|s |n|o rcorcsse| of Shercho|ocrs' eno
lnvcs|ors' comp|e|n|s |||c oc|ey |n |rensfcr of shercs, non-
rccc|p| of ce|encc shcc|s, non-rccc|p| of occ|erco o|v|ocno
c|c. es vc|| es comp|e|n|s/r|cvenccs of |hc bonoho|ocrs.
Constitution
hc Comm|||cc hes cccn cons|||u|co v||h |hc mcmccrsh|p
of:
|) Onc |om|ncc ||rcc|or of V|n|s|ry of |ovcr rcprcscn|co
on |hc boero of ||C
||) ||rcc|or ,||nencc), ||C eno
|||) ||rcc|or ,||) or ||rcc|or ,cchn|ce|), ||C
|v) Onc lnocpcnocn| ||rcc|or.
Composition
/s on 31
s|
Verch 2O13, |h|s comm|||cc compr|sco |hc
fo||ov|n ||rcc|ors:
37
th
Shr| |e|csh !e|n Govcrnmcn| |om|ncc eno
Che|rmen of |hc Comm|||cc
Shr| /.|. S|nhe| ||rcc|or ,||nencc)
Shr| 0.|. |en| ||rcc|or ,||)
Meeting and Attendance
hrcc mcc||ns of |hc Shercho|ocrs' / lnvcs|ors' Gr|cvencc
Comm|||cc vcrc hc|o our|n |hc nnenc|e| ycer 2O12-13 on
!u|y 2o, |ovcmccr 7, 2O12 eno Verch 22, 2O13.
hc oc|e|| of |hc mcc||ns of Shercho|ocrs'/ lnvcs|ors'
Gr|cvencc Comm|||cc e||cnoco cy |hc Vcmccrs |s es unocr:-
Members of Shareholders
/ Investors Grievance
Committee
Meetings
held during
their tenure
Meetings
attended
Shr| /.|. S|nhe| 3 3
Shr| S.|. S|nh
,up|o 28.O2.2O13)
2 1
Vs. |./. |eruve||e 3 3
Shr| 0.|. |en|
,v.c.f. O1.O3.2O13)
1 1
Name and designation of Compliance Ofcer
Shr| /.|. |es|o|, Compeny Sccrc|ery |s |hc Comp||encc
Ofnccr |n |crms of C|eusc 47 of |hc ||s||n /rccmcn|.
Investor Grievances
|ur|n |hc nnenc|e| ycer cno|n 31
s|
Verch 2O13, Compeny
hes e||cnoco ||s |nvcs|or r|cvenccs cxpco|||ous|y cxccp| for
|hc cescs cons|re|nco cy o|spu|cs or |ce| |mpco|mcn|s. hc
oc|e||s of |hc comp|e|n|s rccc|vco, rcso|vco eno o|sposco
off our|n |hc ycer |nc|uo|n |hosc rccc|vco, rcso|vco eno
o|sposco off |hrouh SCO||S erc es unocr:
Particulars
Opening
Balance
Received Resolved Pending
S|bl / S|oc|
|xchenc
comp|e|n|s
2 5o 57 1
O|hcr l|O
rc|e|co
comp|e|n|s
O 43 43 O
O|hcr
||v|ocno
rc|e|co
comp|e|n|s
O 47o9 47o9 O
o|e| 2 48o8 48o9 1
lnvcs|or comp|e|n|s shovn pcno|n es on 31
s|
Verch, 2O13
hevc cccn e||cnoco sucscqucn||y.
Number of pending share transfers
/s on 31
s|
Verch 2O13, o sherc |rensfcr rcqucs|s vcrc
pcno|n, vh|ch vcrc epprovco |n |hc mcc||n hc|o our|n
/pr|| 2O13.
Sherc rensfcrs hevc cccn effcc|co our|n |hc ycer vc||
v||h|n |hc ||mc prcscr|cco cy |hc S|oc| |xchencs eno e
ccr||nce|c |o |h|s cffcc| ou|y s|nco cy e |rec||s|n Compeny
Sccrc|ery hes cccn furn|shco |o S|oc| |xchencs.
SCORES Automated System of Lodging Complaints
against Listed Companies
Sccur|||cs eno |xchenc boero of lno|e hes e vcc cesco
comp|e|n|s rcorcsse| sys|cm nemc|y 'SCO||S ,S|bl
Comp|e|n|s |corcss Sys|cm)', |hrouh vh|ch e shercho|ocr
cen |ooc e comp|e|n| ee|ns| e compeny for h|s/ hcr
r|cvenccs. hc s|e|us of cvcry comp|e|n| cen cc v|cvco
on||nc eno |hc shercho|ocr cen scno rcm|nocr for |hc
comp|e|n|s. \hcn |hc comp|e|n| |s rc|s|crco, e un|quc
comp|e|n| rc|s|re||on numccr |s e||o||co for fu|urc rcfcrcncc
eno |rec||n. hc conccrnco cn|||y ,|n|crmco|ery or ||s|co
compeny) |e|cs ec||ons for |hc rcorcsse| of |hc comp|e|n|s
eno up|oeos /c||on e|cn on |hc comp|e|n|. hc conccrnco
cn|||y ,|n|crmco|ery or ||s|co compeny) or en |nvcs|or cen
scc| eno prov|oc c|er|nce||ons on||nc |o cech o|hcr. S|bl
o|sposcs |hc comp|e|n|s |f || |s se||snco |he| |hc comp|e|n|
hes cccn rcorcssco eocque|c|y.
/n |nvcs|or, vho |s no| fem|||er v||h SCO||S or oocs
no| hevc ecccss |o SCO||S, cen |ooc |hc comp|e|n|s |n
phys|ce| form.
hrouh |h|s sys|cm, |hc |nvcs|ors vcrc ec|c |o chcc| |hc
s|e|us of |hc comp|e|n|s |.c. v||h vhom |hc comp|e|n| |s
pcno|n, upon vhom |hc rcspons|c||||y hes cccn nxco
eno for hov much ||mc |hc comp|e|n| hes cccn pcno|n.
SCO||S sevco cons|ocrec|c ||mc of |hc Compeny |n
rcso|v|n |hc comp|e|n|s, |hcrccy ccncn|||n |nvcs|ors.
|ur|n |hc nnenc|e| ycer 2O12-13, 42 nos. of comp|e|n|s
vcrc rccc|vco, 41 nos. of comp|e|n|s vcrc rcso|vco eno
on|y onc comp|e|n| rcme|nco pcno|n |o cc rcso|vco
|hrouh SCO||S es on 31.O3.2O13.
3.3 REMUNERATION COMMITTEE
Our Compeny, cc|n e Ccn|re| |uc||c Scc|or 0nocr|e||n,
|hc eppo|n|mcn|, |cnurc eno rcmuncre||on of ||rcc|ors erc
occ|oco cy |hc |rcs|ocn| of lno|e. |ovcvcr, es pcr |hc
prov|s|ons of |hc ||| Gu|oc||ncs, e |cmuncre||on Comm|||cc
ves cons|||u|co |o occ|oc |hc ennue| conus/ver|ec|c pey
poo| eno po||cy for ||s o|s|r|cu||on v||h|n |hc prcscr|cco
||m||s. /s on 31
s|
Verch 2O13, |hc Comm|||cc compr|sco |hc
fo||ov|n Vcmccrs:
Shr| /|| V. ||mce||er lnocpcnocn| ||rcc|or
Shr| S.|. 0peohyey lnocpcnocn| ||rcc|or
Shr| /.|. Che||cr| lnocpcnocn| ||rcc|or
Shr| l.C.|. |csher| Govcrnmcn| |om|ncc
Meeting and Attendance
vo mcc||ns vcrc hc|o our|n |hc ycer on Oc|occr 19,
2O12 eno |cccmccr 28, 2O12.
37
th
hc oc|e|| of |hc mcc||ns of |cmuncre||on Comm|||cc
e||cnoco cy |hc Vcmccrs |s es unocr:-
Members of Remuneration
Committee
Meetings held
during their tenure
Meetings
attended
Shr| l.C.|. |csher| 2 2
Shr| /|| V. ||mce||er 2 -
Shr| S.|. 0peohyey 2 2
Shr| /.|. Che||cr| 2 2
3.4 COMMITTEE ON MANAGEMENT CONTROLS
On cc|n confcrrco cnhencco eu|onomy cy |hc Govcrnmcn|
of lno|e unocr '|evre|ne Gu|oc||ncs', |h|s comm|||cc ves
cons|||u|co for cs|ec||sh|n |renspercn| eno cffcc||vc sys|cm
of |n|crne| mon||or|n. h|s Comm|||cc, |n|cr e||e, rcv|cvs
|hc Venecmcn| Con|ro| Sys|cms, s|n|ncen| ocv|e||ons |n
procc| |mp|cmcn|e||on eno cons|ruc||on, opcre||on eno
me|n|cnencc cuoc|s, c|c.
/s on 31
s|
fo||ov|n ||rcc|ors:
Shr| |.|. V|sre ||rcc|or ,Opcre||ons)
3.5 PROJECT SUB-COMMITTEE
h|s Comm|||cc cxem|ncs eno me|cs rccommcnoe||ons |o
|hc boero on propose|s for lnvcs|mcn| |n |cv/|xpens|on
|rocc|s eno |ces|c||||y |cpor|s of ncv procc|s.
/s on 31
s|
fo||ov|n mcmccrs:
Shr| /rup |oy
Chouohury
Che|rmen & Vene|n ||rcc|or
Shr| l.!. |epoor ||rcc|or ,Commcrc|e|)
Shr| b.|. S|nh ||rcc|or ,|rocc|s)
Shr| /.|. !he ||rcc|or ,cchn|ce|)
Shr| l.C.|. |csher| Govcrnmcn| |om|ncc
Shr| S.b. Ghosh
|es||oer
|rof. Sush|| |henne lnocpcnocn| ||rcc|or
3.6 INVESTMENT/CONTRIBUTION COMMITTEE
hc |crms of rcfcrcncc of lnvcs|mcn|/Con|r|cu||on
Comm|||cc of |hc boero |s |o epprovc ocp|oymcn| of
surp|us funos es pcr Gov|. u|oc||ncs |ssuco from ||mc |o
||mc eno e|so epprovcs con|r|cu||on/oone||on for ne||one|,
puc||c, ccncvo|cn| or cher||ec|c ceusc, purposc or occc|
or o|hcr funos no| o|rcc||y rc|e|co |o |hc cus|ncss of |hc
Compeny or vc|ferc of ||s cmp|oyccs cc|vccn ` 5 |e|h |o
` 2O |e|h succc| |o mex|mum ||m|| of ` 1 crorc |n e ycer.
/s on 31
s|
fo||ov|n Vcmccrs:
Shr| /rup |oy Chouohury Che|rmen & Vene|n
||rcc|or
ln cesc of |nvcs|mcn| of funos eno con|r|cu||on me||crs
||rcc|or ,||) eno |n cesc of Commcrc|e| me||crs ||rcc|or
,Commcrc|e|) erc co-op|co |n |hc mcc||n.
3.7 CONTRACTS SUB-COMMITTEE
h|s Comm|||cc epprovcs evero of vor|s or purchesc
con|rec|s or |ncurr|n comm||mcn|s of ve|uc cxccco|n ` 25O
crorc cu| no| cxccco|n ` 5OO crorc, Consu||ency ess|nmcn|s
|nc|uo|n forc|n consu||ency ess|ncmcn|s cxccco|n
` 5 crorc cech eno /ppo|n|mcn| of Sponsor/ /cn|s for
Ovcrsces Consu||ency /ss|nmcn|s |nvo|v|n sponsorsh|p/
ecncy comm|ss|on cxccco|n ` 5 crorc cech.
/s on 31
s|
Verch, 2O13, |hc Con|rec|s Suc-Comm|||cc
compr|sco |hc fo||ov|n mcmccrs:
Shr| /rup |oy Chouohury Che|rmen & Vene|n ||rcc|or
Shr| |.|. V|sre ||rcc|or ,Opcre||ons)*
Shr| l.C. |. |csher| Govcrnmcn| |om|ncc
*||rcc|or ,Opcre||ons) |s |hc eoo|||one| mcmccr for e||
me||crs rc|e||n |o evero of con|rec|s for |mpor| of coe|.
3.8 COMMITTEE OF FUNCTIONAL DIRECTORS FOR
CONTRACTS
h|s Comm|||cc hes cccn cons|||u|co for evero of vor|s or
purchesc con|rec|s or |ncurr|n of comm||mcn|s cxccco|n
` 15O crorc cu| no| cxccco|n ` 25O crorc.
/s on 31
s|
Verch 2O13, |hc Comm|||cc compr|sco e|| |hc
|unc||one| ||rcc|ors |nc|uo|n |hc Che|rmen & Vene|n
||rcc|or es unocr:
Shr| 0.|. |en| ||rcc|or ,||)
hc Che|rmen & Vene|n ||rcc|or, ||rcc|or ,||nencc),
||rcc|or ,cchn|ce|) eno ||rcc|or ,|rocc|s) for con|rec|s
rc|e|co |o cons|ruc||on procc|s or ||rcc|or ,Opcre||ons) for
con|rec|s rc|e|co |o opcre||n s|e||ons, es |hc cesc mey cc,
she|| cons|||u|c |hc quorum for mcc||n of |hc Comm|||cc.
37
th
3.9 COMMITTEE FOR ALLOTMENT AND POST-ALLOTMENT
ACTIVITIES OF NTPCS SECURITIES
hc Comm|||cc hes cccn cons|||u|co for /||o|mcn| eno
|os|-e||o|mcn| ec||v|||cs of Compeny's Sccur|||cs. hc scopc
of vor| of |h|s comm|||cc |s e||o|mcn|, |ssuc of Ccr||nce|c/
|c||cr of e||o|mcn|, |rensfcr, |rensm|ss|on, rc-me|cr|e||se||on,
|ssuc of oup||ce|c ccr||nce|cs, conso||oe||on/sp||| of ||C's
oomcs||c eno forc|n Sccur|||cs.
/s on 31
s|
fo||ov|n Vcmccrs:
Shr| /.|. S|nhe| ||rcc|or,||nencc)
Shr| 0.|. |en| ||rcc|or ,||)
3.10 COMMITTEE FOR CORPORATE SOCIAL RESPONSIBILITY
h|s Comm|||cc hes cccn cons|||u|co |o fremc eno rcv|cv |hc
CS| |o||cy from |o ||mc eno ecccp| epprove| of |hc spcc|nc
schcmcs for Corpore|c Soc|e| |cspons|c||||y of ||C.
/s on 31
s|
Verch, 2O13, |hc Comm|||cc compr|sco |hc
fo||ov|n mcmccrs:
Shr| 0.|. |en| ||rcc|or ,||)
3.11 COMMITTEE FOR VIGILANCE MATTERS
h|s Comm|||cc hes cccn cons|||u|co |o cxem|nc e|| |hc
pc||||ons vh|ch erc sucm|||co ccforc |hc boero es eppc||e|c/
rcv|cv|n eu|hor||y |n |crms of C|/ ru|cs.
/s on 31
s|
fo||ov|n mcmccrs:
Shr| l.C.|. |ceshr| Govcrnmcn| |om|ncc
Shr| 0.|. |en| ||rcc|or ,||)
ln cesc of v|||encc cescs, Ch|cf v|||encc Ofnccr |s co-op|co.
3.12 COMMITTEE FOR MINE DEVELOPMENT
h|s Comm|||cc hes cccn cons|||u|co |o |oo| |n|o |ssucs
rc|e||n |o V|nc |cvc|opmcn|.
/s on 31
s|
fo||ov|n mcmccrs:
3.13 SUSTAINABLE DEVELOPMENT COMMITTEE
h|s Comm|||cc hes cccn cons|||u|co |o ovcrscc sus|e|nec|c
ocvc|opmcn| ec||v|||cs es pcr Gu|oc||ncs on Sus|e|nec|c
|cvc|opmcn| for C|S|s |ssuco cy |cper|mcn| of |uc||c
|n|crpr|scs, Gov|. of lno|e.
/s on 31
s|
fo||ov|n Vcmccrs:
Shr| /.|. S|nhe| ||rcc|or,||nencc)
Shr| 0.|. |en| ||rcc|or ,||)
|rof. Sush|| |henne lnocpcnocn| ||rcc|or
3.14 COMMITTEE FOR REVIEW OF COAL IMPORT POLICY
h|s Comm|||cc hes cccn cons|||u|co |o cxem|nc |hc
cvo|u||on of Coe| lmpor| |o||cy s|ncc 2OO9 onveros, |ocn||fy
rcesons for chencs meoc |n |o||cy from ||mc |o ||mc, cher|
ou| fu|urc coursc of ec||on eno nne||sc Coe| lmpor| |o||cy.
/s on 31
s|
fo||ov|n Vcmccrs:
3.15 FOREIGN EXCHANGE RISK MANAGEMENT COMMITTEE
h|s Comm|||cc hes cccn cons|||u|co |o rcv|cv |hc forc|n
currcncy |oen por|fo||o, hcoco eno un-hcoco cxposurcs
eno cffcc||vcncss of hco|n s|re|cy, epprovc emcnomcn|s
|n |xchenc ||s| Venecmcn| |o||cy, ncv |ns|rumcn|s c|c.
/s on 31
s|
fo||ov|n Vcmccrs:
ln |hc ecscncc of ||rcc|or ,Commcrc|e|), c||hcr ||rcc|or
,cchn|ce|) or ||rcc|or ,Opcre||ons) she|| cc |hc Vcmccr
of |hc Vcc||n.
4. REMUNERATION OF DIRECTORS
/s e|rceoy s|e|co unocr |hc hceo|n |cmuncre||on
Comm|||cc ecovc, |hc rcmuncre||on of |hc |unc||one|
||rcc|ors |nc|uo|n |hc Che|rmen & Vene|n ||rcc|or |s
occ|oco cy |hc Govcrnmcn| of lno|e. hc boero of ||rcc|ors
of |hc Compeny, v||h |hc epprove| of |hc V|n|s|ry of |ovcr,
oc|crm|ncs |hc s||||n fcc peyec|c |o lnocpcnocn| ||rcc|ors
v||h|n |hc cc|||n prcscr|cco unocr |hc Compen|cs /c|,
195o. hc Compeny hes cnhencco |hc s||||n fcc from
` 15,OOO/- |o ` 2O,OOO/- v.c.f. Oc|occr 2O12 for e||cno|n
cech mcc||n of |hc boero, Comm|||ccs eno Group of
||rcc|ors of |hc boero cons|||u|co cy |hc boero from ||mc
|o ||mc, vh|ch |s cc|n pe|o |o cech lnocpcnocn| ||rcc|or.
37
th
|c|e||s of rcmuncre||on of func||one| ||rcc|ors of |hc
Compeny pe|o for |hc nnenc|e| ycer 2O12-13 erc |vcn
cc|ov:-
,/moun| |n `)
Name of the
Director
Salary Benets Performance
Linked
Incentives*
Total
Shr| /rup |oy
Chouohury
3O,O3,oOO.o4 7,oO,O47.OO 1o,24,O11.3o 53,87,o59.OO
Shr| /.|.
S|nhe|
28,O5,O34.81 15,18,75O.OO 11,75,71o.19 54,99,5O1.OO
Shr| l.!.
|epoor
2O,O5,o11.91 13,98,O48.OO 1O,98,9o1.O9 45,O2,o21.OO
Shr| b.|. S|nh 2o,27,4O7.43 14,o8,15O.OO 11,49,773.57 52,45,331.OO
Shr| |.|. !e|n
,up|o
3O.Oo.2O12)
22,82,o15.37 4,73,97O.OO 1O,OO,12o.o3 37,5o,712.OO
Shr| S.|. S|nh
,up|o
28.O2.2O13)
23,59,38o.o2 8,15,997.OO 11,O4,827.38 42,8O,211.OO
Shr| |.|.
V|sre
2O,93,312.7O 12,21,822.OO 11,12,821.3O 44,27,95o.OO
Shr| /.|. !he
,v.c.f.
O1.O7.2O12)
12,OO,72O.1o 9,92,881.OO 3,7O,93O.84 25,o4,532.OO
Shr| 0.|. |en|
,v.c.f.
O1.O3.2O13)
1,38,2OO.2O 82,o79.OO 4,853.8O 2,25,733.OO
*|crformencc ||n|co |nccn||vcs pe|o |s cesco on |hc |nccn||vc
schcmc of |hc Compeny.
hc Compeny hes no| |ssuco eny s|oc| op||ons our|n |hc nnenc|e|
ycer 2O12-13.
|c|e||s of peymcn|s |overos s||||n fcc |o lnocpcnocn| ||rcc|ors
our|n |hc nnenc|e| ycer 2O12-13 erc |vcn cc|ov:
,/moun| |n `)
Name of Part-time non-
ofcial Directors
Sitting Fees
Total
Board
Meeting
Committee
Meeting
|r. V. Gov|noe |eo
,up|o O3.O2.2O13)
1,55,OOO 1,5O,OOO 3,O5,OOO
Shr| S.b. Ghosh |es||oer 1,75,OOO 2,95,OOO 4,7O,OOO
Shr| |.S. Sehoo 1,9O,OOO 1,35,OOO 3,25,OOO
Shr| /|| V. ||mce||er 1,5O,OOO - 1,5O,OOO
Shr| S.|. 0peohyey 2,15,OOO 1,15,OOO 3,3O,OOO
Vs. |./. |eruve||e 2,3O,OOO 2,8O,OOO 5,1O,OOO
Shr| /.|. Che||cr| 1,75,OOO 1,45,OOO 3,2O,OOO
|rof. Sush|| |henne 1,O5,OOO 9O,OOO 1,95,OOO
|r. /. ||oer S|nh
,v.c.f. 23.O8.2O12)
1,3O,OOO - 1,3O,OOO
5. ACCOUNTABILITY OF DIRECTORS
/n ennue| Vcmorenoum of 0nocrs|eno|n ,Vo0) |s
cn|crco |n|o cy |hc Compeny v||h Gov|. of lno|e ,Gol) |n
|hc cc|nn|n of |hc ycer sc|||n |hc |erc|s ee|ns| nnenc|e|
eno non-nnenc|e| peremc|crs v||h vc|h|ecs occ|oco |n
consu||e||on v||h Gol. hc pcrformencc of |hc Compeny |s
mcesurco e| |hc cno of |hc ycer v|s-e-v|s |hcsc |erc|s.
hc pcrformencc v||h rcero |o VO0 |s rcv|cvco rcu|er|y
v||h|n |hc Compeny on mon|h|y ces|s eno cy V|n|s|ry of
|ovcr on quer|cr|y ces|s |hrouh Ouer|cr|y |crformencc
|cv|cv ,O||). S||ppecs, |f eny, erc |ocn||nco eno ncccssery
rcmco|e| ec||ons erc sucs|co |n |hcsc forums.
/| |hc cno of cech nnenc|e| ycer, |hc Vo0 ech|cvcmcn|s
rcpor| |s furn|shco |o V|n|s|ry of |ovcr eno pcrformencc of
|hc Compeny |s cve|ue|co cy V|n|s|ry of |ovcr eno |hc es|
|orcc of |cper|mcn| of |uc||c |n|crpr|scs on |hc ces|s of
ec|ue| ech|cvcmcn|s v|s-e-v|s |hc s|nco Vo0.
o cnsurc |erc|s es sc| |n Vo0 erc ech|cvco vc|| v||h|n
schcou|c, |hc Compeny hes e s|ron ln|crne| Vo0' sys|cm
spcc|fy|n ||h|cr |erc|s or|||co oovn e| rc|one| eno s|e||on
|cvc| v||h su||ec|c s|rc|ch eno cxpens|on of ec||v|||cs. hc
cn||rc proccss cnsurcs |renspercncy es vc|| es eccoun|ec||||y
|overos s|e|cho|ocrs.
6. RISK MANAGEMENT
/s e o|vcrs|nco cn|crpr|sc, your Compeny hes e|veys heo
e sys|cm-cesco epproech |o |n|crpr|sc r|s| menecmcn|
es en |n|cre| per| of ||s cus|ncss proccsscs. hc |n|crpr|sc
||s| Venecmcn| |remcvor| hes cccn sc| up |o |ocn||fy
eno menec r|s|s for sus|e|nec|c ve|uc crce||on, esscssmcn|
of |cy cus|ncss r|s|s |hrouh con||nuous mcesurcmcn|,
mon||or|n of |cy pcrformencc |no|ce|ors, focus on |cy r|s|s
eno rcpor||n |o boero Vcmccrs on r|s| esscssmcn| eno
m|n|m|ze||on proccourcs.
hc |n|crpr|sc ||s| Venecmcn| |remcvor| |nvo|vcs ||s|
|cpor||n S|ruc|urc, ||s| Vcesurcmcn| & Von||or|n, ||s|
|or|fo||o eno ||s| Op||m|ze||on. |or rcpor||n of r|s|s, ||V
fremcvor| hes ||s| |cpor|crs eno ||s| Ovncrs e| |rocc|s,
|c|ons eno Corpore|c func||ons.
/ comm|||cc, nemc|y |n|crpr|sc ||s| Venecmcn| Comm|||cc
,||VC), cons|s||n of |c|one| |xccu||vc ||rcc|ors eno
|unc||one| |ceos e| |xccu||vc ||rcc|or |cvc| hes cccn
cons|||u|co vh|ch |ocn||ncs r|s|s, me|cs r|s| esscssmcn|
on |hc ces|s of ccr|e|n cr||cr|e eno ocv|scs mc|hoos for
m|||e||on of r|s|s. ||VC mcc|s cvcry quer|cr |o formu|e|c
ec||on p|ens. |or fes|cr epprove| eno |mp|cmcn|e||on of
|hc ec||on p|ens formu|e|co cy |hc ||VC, r|s| rcspons|c||||y
ccn|crs hevc cccn |ocn||nco es unocr:
Primary Risk responsibility: Sucs|s r|s| m|||e||on
mcesurcs eno ef|cr epprove| of |hc ec||on p|ens
|mp|cmcn|s ||.
Secondary Risk responsibility: |ormu|e|cs ec||on
p|en eno suppor|s |hc proccss of epprove|s.
Overall Risk responsibility: |cspons|c|c for or|v|n
||mc|y epprove|s of ||VC rccommcnoe||ons eno
mon||or|n of /c||on p|ens for ||s| V|||e||on.
Ch|cf ||s| Ofnccr ,C|O) |s |hc convcncr of ||VC eno |s
rcspons|c|c for rcpor||n |o CV| eno boero of ||rcc|ors
cesco on oc||ccre||ons |n ||VC.
hrouh |h|s mcchen|sm, your Compeny hes |ocn||nco r|s|s
eno |h|s mcchen|sm hes cnec|co || |o |e|c pro-ec||vc s|cps
|n m|||e||n |hc r|s|s |nc|uo|n op||n e||crne|c mcesurcs |o
m|||e|c |hc r|s|s.
|our mcc||ns of |n|crpr|sc ||s| Venecmcn| Comm|||cc
vcrc hc|o our|n |hc nnenc|e| ycer 2O12-13.
37
th
7. SUBSIDIARY MONITORING FRAMEWORK
hc Compeny hes nvc sucs|o|ery compen|cs, |hc ||s| of
vh|ch |s furn|shco |n |hc ||rcc|ors' |cpor|. /|| sucs|o|er|cs
of |hc Compeny erc boero meneco v||h |hc|r boeros hev|n
|hc r|h|s eno oc||e||ons |o menec such compen|cs |n |hc
ccs| |n|crcs| of |hc s|e|cho|ocrs. /s e meor||y shercho|ocr,
|hc Compeny nom|ne|cs ||s rcprcscn|e||vcs on |hc boeros
of sucs|o|ery Compen|cs eno mon||ors |hc pcrformencc of
such compen|cs pcr|oo|ce||y.
|crformencc of |hc sucs|o|ery compen|cs |s rcv|cvco cy |hc
boero of |hc Compeny |n |hc fo||ov|n menncr:
,|) V|nu|cs of |hc mcc||ns of |hc boero of ||rcc|ors of
|hc sucs|o|er|cs erc p|ecco ccforc |hc Compeny's
boero pcr|oo|ce||y.
,||) / s|e|cmcn| of e|| s|n|ncen| |rensec||ons eno
errencmcn|s cn|crco |n|o cy |hc sucs|o|ery compen|cs
erc e|so rcv|cvco cy |hc Compeny.
,|||) / |cpor| on bus|ncss /c||v|||cs of Sucs|o|ery vh|ch,
|n|cr-e||e, |nc|uocs |nvcs|mcn|s |s cc|n |vcn |o |hc
boero of ||C |n cech quer|cr.
,|v) Sucs|o|ery Compen|cs s|n en ennue| Vcmorenoum of
0nocrs|eno|n v||h ||C |n |hc cc|nn|n of |hc ycer
sc|||n |hc |erc|s |n nnenc|e| eno non-nnenc|e| erces
v||h vc|h|ecs |n consu||e||on v||h ||C, vh|ch |s
sucm|||co |o |||. /| |hc cno of |hc nnenc|e| ycer, |hc
ec|ue| pcrformencc v|s-e-v|s |hc |erc|s sc| |s cve|ue|co
cy |||.
,v) Ccr|e|n occ|s|on es mcn||onco |n |hc /r||c|cs of
/ssoc|e||on of |hc sucs|o|ery Compen|cs cen on|y cc
|e|cn |f |hcy erc epprovco cy |hc boero of ||C.
hc Compeny oocs no| hevc eny me|cr|e| un||s|co sucs|o|ery
Compen|cs |n |crms of |hc C|eusc 49 of |hc ||s||n /rccmcn|
or |hc sucs|o|er|cs es ocnnco unocr Gu|oc||ncs on Corpore|c
Govcrnencc for Ccn|re| |uc||c Scc|or |n|crpr|scs |ssuco cy
|cper|mcn| of |uc||c |n|crpr|scs, Gov|. of lno|e.
8. GENERAL BODY MEETINGS
Annual General Meeting
|e|c, ||mc eno |oce||on vhcrc |hc |es| |hrcc /nnue| Gcncre|
Vcc||ns vcrc hc|o erc es unocr:
Date & Time September
23, 2010
September
20, 2011
September
18, 2012
|mc 1O.3O /.V. 1O.3O /.V. 1O.3O /.V.
vcnuc /|r |orcc
/uo||or|um,
Sucro|o |er|,
|cv |c|h|
11O O1O
/|r |orcc
/uo||or|um,
Sucro|o |er|,
|cv |c|h|
11O O1O
/|r |orcc
/uo||or|um,
Sucro|o |er|,
|cv |c|h|
11O O1O
Spcc|e|
|cso|u||on
- - /mcnomcn|s
|n |hc
/r||c|cs of
/ssoc|e||on
cy |nscr||n
prov|s|ons
rc|e||n |o
cuy-cec| of
shercs eno
eppo|n|mcn|
of eoo|||one|
o|rcc|ors.
Special Resolution passed through Postal Ballot
|o |cso|u||on hes cccn pessco |hrouh |os|e| be||o| our|n
|hc ycer.
|o spcc|e| rcso|u||on rcqu|r|n |os|e| be||o| |s cc|n
proposco e| |hc cnsu|n /nnue| Gcncre| Vcc||n.
9. DISCLOSURES
hc |rensec||ons v||h rc|e|co per||cs erc |nc|uoco |n |hc
|o|cs |o |hc /ccoun|s es pcr /ccoun||n S|enoero ,/S)
-18 no||nco unocr |hc Compen|cs ,/ccoun||n S|enoeros)
|u|cs, 2OOo.
hc Compeny hes croeo|y comp||co v||h e|| |hc rcqu|rcmcn|s
of |hc ||s||n /rccmcn| v||h S|oc| |xchencs es vc|| es
|cu|e||ons eno Gu|oc||ncs prcscr|cco cy S|bl cxccp| |he|
of compos|||on of |hc boero es mcn||onco |n perereph 2.2
of |h|s |cpor|. hc Compeny hes e|so comp||co v||h e|| |hc
rcqu|rcmcn|s of |hc Gu|oc||ncs on Corpore|c Govcrnencc
for Ccn|re| |uc||c Scc|or |n|crpr|scs |ssuco cy V|n|s|ry of
|cevy lnous|r|cs eno |uc||c |n|crpr|scs, |cper|mcn| of
|uc||c |n|crpr|scs, Govcrnmcn| of lno|e.
hcrc vcrc no pcne|||cs or s|r|c|urcs |mposco on |hc Compeny
cy eny s|e|u|ory eu|hor|||cs for non-comp||encc on eny me||cr
rc|e|co |o cep||e| mer|c|s, our|n |hc |es| |hrcc ycers.
hc Compeny hes eoop|co e|| sucs|co ||cms |o cc
|nc|uoco |n |hc |cpor| on Corpore|c Govcrnencc.
lnforme||on on eoop||on ,eno comp||encc) / non-eoop||on
of |hc non-menoe|ory rcqu|rcmcn|s |s e| /nncx-1.
Schedule of Compliances with Presidential Directive
issued during the nancial year 2012-13 and during
last three years preceding the nancial year 2012-13
is at Annex-2.
CEO/CFO Certication
/s rcqu|rco cy C|eusc 49 of |hc ||s||n /rccmcn|,s),
|hc ccr||nce|c ou|y s|nco cy Shr| /rup |oy Chouohury,
Che|rmen & Vene|n ||rcc|or eno Shr| /.|. S|nhe|, ||rcc|or
,||nencc) ves p|ecco ccforc |hc boero of ||rcc|ors e| |hc
mcc||n hc|o on 1O.O5.2O13 eno |s enncxco |o |hc Corpore|c
Govcrnencc |cpor|.
10. MEANS OF COMMUNICATION
hc Compeny commun|ce|cs v||h ||s shercho|ocrs |hrouh
||s /nnue| |cpor|, Gcncre| Vcc||ns eno o|sc|osurcs |hrouh
||s \ccs||c.
hc Compeny e|so commun|ce|cs v||h ||s |ns|||u||one|
shercho|ocrs |hrouh e comc|ne||on of ene|ys|s cr|cnn
eno |no|v|oue| o|scuss|ons es e|so per||c|pe||on e| |nvcs|or
confcrcnccs from ||mc |o ||mc. /nnue| ene|ys|s eno |nvcs|ors
mcc| |s hc|o our|n |hc mon|h of /uus| vhcrc boero of |hc
Compeny |n|crec|s v||h |hc |nvcs||n commun||y. ||nenc|e|
rcsu||s erc o|scussco cy vey of confcrcncc ce||s rcu|er|y
ef|cr |hc c|osc of cech quer|cr.
lnforme||on eno |e|cs| upoe|cs eno ennounccmcn| rcero|n
|hc Compeny cen cc ecccssco e| compeny's vccs||c:
vvv.n|pc.co.|n |nc|uo|n |hc fo||ov|n:-
Ouer|cr|y / |e|f-ycer|y / /nnue| ||nenc|e| |csu||s
Ouer|cr|y Shercho|o|n |e||crn
Ouer|cr|y Corpore|c Govcrnencc |cpor|
37
th
renscr|p|s of confcrcnccs v||h ene|ys|s
Corpore|c o|sc|osurcs meoc from ||mc |o ||mc |o |hc
S|oc| |xchencs
hc Compeny's ofnc|e| ncvs rc|cescs, o|hcr prcss covcrec,
prcscn|e||ons meoc |o |ns|||u||one| |nvcs|ors or |o |hc
ene|ys|s erc e|so hos|co on |hc \ccs||c.
||sc|osurcs meoc |o s|oc| cxchencs erc e|so meoc |hrouh
Corpore|c ||||n & ||sscm|ne||on Sys|cm ,C||S) eno |hrouh
|S| ||cc|ron|c /pp||ce||on |roccss|n Sys|cm ,||/|S) |n
|crms of C|eusc 52 of |hc ||s||n /rccmcn|.
Ouer|cr|y |csu||s hevc cccn puc||shco es pcr oc|e||s |vcn
cc|ov:
Newspapers Date of publication of results for
the quarter ended
30.06.2012 30.09.2012 31.12.2012
||nous|en ,||no|) 28.O7.2O12 27.1O.2O12 22.O1.2O13
||nous|en |mcs 28.O7.2O12 27.1O.2O12 22.O1.2O13
ln orocr |o sevc |rccs eno cnv|ronmcn| cy cu|||n oovn |hc
consump||on of cos||y pepcr hec||s, our Compeny hes scn|
|hc /nnue| |cpor|s for |hc nnenc|e| ycer 2O11-12 eno o|hcr
commun|ce||ons |||c |CS crco|| |nforme||on for o|v|ocno |o
|erc numccr of shercho|ocrs for |hc nnenc|e| ycer 2O11-12
eno 2O12-13 |hrouh c-me|| of |hc shercho|ocrs rc|s|crco
v||h |S||/ C|S| ef|cr scc||n |hc|r conscn| |o scno |hc
ennue| rcpor|s/ o|hcr commun|ce||ons |hrouh c-me||.
hrouh |h|s, |hc Compeny heo scn| 3,42,543 numccr of
/nnue| |cpor|s, 3,O5,O88 numccr of |CS crco|| |nforme||on
for nne| o|v|ocno for |hc nnenc|e| ycer 2O11-12 eno 3,1O,5O2
numccr of |CS crco|| |nforme||on for |n|cr|m o|v|ocno for
|hc nnenc|e| ycer 2O12-13 |o |hc shercho|ocrs |hrouh cme||.
11. CODE OF CONDUCT
hc Compeny hes |n p|ecc Cooc of Conouc| for ||rcc|ors eno
Scn|or Venecmcn| |crsonnc| |n e||nmcn| v||h Compeny's
v|s|on eno ve|ucs |o ech|cvc |hc V|ss|on & Occc||vcs
eno e|m|n e| cnhenc|n c|h|ce| eno |renspercn| proccss |n
mene|n |hc effe|rs of |hc Compeny. / copy of |hc Cooc of
Conouc| |s eve||ec|c e| |hc vccs||c of |hc Compeny.
Declaration as required under clause 49 of the
listing Agreement
/|| |hc mcmccrs of |hc boero eno Scn|or Venecmcn|
|crsonnc| hevc efnrmco comp||encc of |hc Cooc of
Conouc| for |hc nnenc|e| ycer cnoco on Verch 31, 2O13.
|cv |c|h| ,/rup |oy Chouohury)
O4.O5.2O13 Che|rmen & Vene|n ||rcc|or
12. Code of Internal Procedures and Conduct for Prevention
of Insider Trading
ln pursuencc of |hc Sccur|||cs |xchenc boero of lno|e
,|roh|c|||on of lns|ocr reo|n) |cu|e||ons, 1992, |hc
boero hes |e|o oovn Code of Internal Procedures and
Conduct for Prevention of Insider Trading v||h |hc
occc||vc of prcvcn||n purchesc eno/or se|c of shercs of |hc
Compeny cy en lns|ocr on |hc ces|s of unpuc||shco pr|cc
scns|||vc |nforme||on. 0nocr |h|s Cooc, lns|ocrs ,|cs|ne|co
|mp|oyccs eno |hc|r ocpcnocn|s) erc prcvcn|co |o oce| |n
|hc Compeny's shercs our|n |hc c|osurc of reo|n \|noov.
o oce| |n Sccur|||cs ccyono ||m||s spcc|nco, pcrm|ss|on of
Comp||encc Ofnccr |s rcqu|rco. /|| ||rcc|ors/ |cs|ne|co
|mp|oyccs erc e|so rcqu|rco |o o|sc|osc rc|e|co |nforme||on
pcr|oo|ce||y es ocnnco |n |hc Cooc, vh|ch |n |urn |s cc|n
forveroco |o S|oc| |xchencs, vhcrcvcr ncccssery.
Compeny Sccrc|ery hes cccn ocs|ne|co es Comp||encc
Ofnccr for |h|s Cooc.
13. SHAREHOLDERS INFORMATION
i) a. Annual General Meeting
|e|c : Scp|cmccr 17, 2O13
|mc : 1O.3O e.m.
vcnuc: Venc|shev Ccn|rc
|ereoc |oeo
|cv |c|h| 11OO1O
b. |ursuen| |o orocrs oe|co 2O.12.2O12 eno 21.O1.2O13
pessco cy |hc |on'c|c V|n|s|ry of Corpore|c /ffe|rs, e
mcc||n of |hc cqu||y shercho|ocrs of |hc Compeny v|||
cc hc|o on |r|oey, 24.O5.2O13 e| 3.OO |.V. e| /uen|er
/uo||or|um, b|S, ||C ||m||co, Ve|hure |oeo, |cv |c|h|
11OO44 for |hc purposc of cons|ocr|n eno epprov|n |hc
Schcmc of /me|eme||on of ||C |yoro ||m||co ,e vho||y-
ovnco sucs|o|ery of ||C) v||h ||C ||m||co.
ii) Financial Calendar for FY 2013-14
Particulars Date
/ccoun||n |cr|oo /pr|| 1, 2O13 |o Verch 31, 2O14
0neuo||co ||nenc|e|
|csu||s for |hc nrs|
|hrcc quer|crs
/nnounccmcn| v||h|n e mon|h
from |hc cno of cech quer|cr
|our|h Ouer|cr
|csu||s
/nnounccmcn| of /uo||co
/ccoun|s on or ccforc Vey 3O,
2O14
/GV ,|cx| ycer) Scp|cmccr 2O14 ,cn|e||vc)
iii) Book Closure
hc |c|s|cr of Vcmccrs eno Sherc rensfcr boo|s of |hc
Compeny v||| rcme|n c|osco from Scp|cmccr 7, 2O13 |o
Scp|cmccr 17, 2O13 ,co|h oeys |nc|us|vc).
iv) Payment of Dividend
hc boero of ||rcc|ors of |hc Compeny hes rccommcnoco
peymcn| of spcc|e| o|v|ocno of ` 1.25 pcr sherc ,12.5%
on pe|o-up sherc cep||e|) e|onv||h |hc nne| ||v|ocno of
` O.75 pcr sherc ,7.5% on |hc pe|o-up sherc cep||e|) for
|hc nnenc|e| ycer cnoco Verch 31, 2O13 |n eoo|||on |o |hc
ln|cr|m ||v|ocno of ` 3.75 pcr sherc ,37.5% on |hc pe|o-
up sherc cep||e|) pe|o on Verch 12, 2O13 ,||v|ocno pe|o |n
|rcv|ous /cer |s ` 3298.19 Crorc).
hc rccoro oe|c for |hc peymcn| of ||v|ocno |s Scp|cmccr
o, 2O13.
37
th
v) Dividend History
Year Total
paid-up
capital
(` in
crore)
Total
amount of
dividend
paid (` in
crore)
Date of AGM
in which
dividend was
declared
Date of
payment
2OO7-O8 8245.4o 2885.91 3O.O1.2OO8*
17.O9.2OO8
13.O2.2OO8
O3.1O.2OO8
2OO8-O9 8245.4o 29o8.37 24.O1.2OO9*
17.O9.2OO9
13.O2.2OO9
29.O9.2OO9
2OO9-1O 8245.4o 3133.28 13.O3.2O1O*
23.O9.2O1O
23.O3.2O1O
O1.1O.2O1O
2O1O-11 8245.4o 3133.28 31.O1.2O11*
2O.O9.2O11
14.O2.2O11
2o.O9.2O11
2O11-12 8245.4o 3298.19 27.O1.2O12*
18.O9.2O12
O9.O2.2O12
25.O9.2O12
2O12-13 8245.4o 3O92.O5
#
2o.O2.2O13* 12.O3.2O13
* |e|c of boero Vcc||n
# emoun| rcprcscn|s |hc |n|cr|m o|v|ocno pe|o for |hc ycer
2O12-13
vi) Listing on Stock Exchanges
||C cqu||y shercs erc ||s|co on |hc fo||ov|n S|oc|
|xchencs:
National Stock Exchange
of India Limited
/oorcss: |xchenc ||eze,
||o| |o. C/1, G b|oc|,
benore ,|), Vumce| -
4OOO51
Scrip Code of NTPC: NTPC
EQ
Bombay Stock Exchange
Limited
/oorcss: |h|rozc
!ccccchoy ovcrs,
|e|e| S|rcc|,
Vumce| - 4OOOO1
Scrip Code of NTPC:
532555
Stock Code : ISIN INE733E01010
hc /nnue| ||s||n |cc for |hc nnenc|e| ycer 2O13-14 ves
pe|o |o co|h |e||one| S|oc| |xchenc of lno|e ||m||co eno
bomcey S|oc| |xchenc ||m||co ccforc /pr|| 3O, 2O13.
/|so, |hc /nnue| Cus|oo|en |cc for |hc nnenc|e| ycer 2O13-
14 ves pe|o |o co|h |cpos||or|cs |.c. Ccn|re| |cpos||ory
Scrv|ccs ,lno|e) ||m||co eno |e||one| Sccur|||cs |cpos||ory
||m||co ccforc /pr|| 3O, 2O13.
vii) Market Price Data NSE
Month High (`) Low (`) Closing (`)
/pr||' 12 1o9.75 1oO.4O 1o2.5O
Vey' 12 1o3.25 138.85 14o.8O
!unc' 12 1oO.4O 141.4O 159.45
!u|y' 12 1o2.oO 149.1O 157.OO
/uus|' 12 174.8O 15o.2O 1o8.O5
Scp|' 12 175.5O 1o2.75 1o8.1O
Oc|occr' 12 174.1O 137.OO 1o5.35
|ov' 12 17O.85 157.O5 1o2.4O
|cc' 12 1o2.5O 149.35 15o.45
!enuery' 13 1o7.5O 152.3O 157.1O
|ccruery' 13 158.oO 14o.5O 15O.9O
Verch' 13 15O.9O 13o.15 141.95
viii) Market Price Data BSE
Month High (`) Low (`) Closing (`)
/pr||' 12 1o9.55 1oO.1O 1o2.4O
Vey' 12 1o3.15 138.95 14o.9O
!unc' 12 1oO.35 141.4O 159.75
!u|y' 12 1o3.OO 149.25 157.1O
/uus|' 12 174.85 15o.25 1o8.1O
Scp|' 12 175.35 1o3.OO 1o7.85
Oc|occr' 12 173.7O 1o5.OO 1o5.2O
|ov' 12 17O.7O 157.O5 1o2.1O
|cc' 12 1o2.4O 149.4O 15o.45
!enuery' 13 1o7.25 152.2O 15o.oO
|ccruery' 13 158.8O 14o.55 15O.75
Verch' 13 15O.8O 13o.1O 142.OO
ix) Performance in comparison to indices
NSE NIFTY and NTPC Share Price
12O
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besc=1OO es on O1.O4.12
BSE Sensex and NTPC Share Price
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1
2
!
e
n
-
1
3
|
c
c
-
1
3
V
e
r
-
1
3
||C C|osc |r|cc Scnscx
besc=1OO es on O1.O4.12
x) Registrar and Share Transfer Agent
|ervy Compu|crsherc |v|. ||o
||o| |o.17 |o 24,
v|||he|reo |eer
Veohepur
|yocreceo-5OOO81
c| |o.: 91 -4O-2342O818
|ex |o.: 91-4O-2342O814
|-me||: c|nvero.r|s|ervy.com
37
th
xi) Share Transfer System
|n||rc sherc |rensfcr ec||v|||cs unocr phys|ce| scmcn| erc
cc|n cerr|co ou| cy |ervy Compu|crsherc |r|ve|c ||m||co. hc
sherc |rensfcr sys|cm cons|s|s of ec||v|||cs |||c rccc|p| of shercs
e|on v||h |rensfcr occo from |rensfcrccs, ||s vcr|nce||on,
prcpere||on of Vcmorenoum of rensfcrs, c|c. Shercs |rensfcrs
erc epprovco cy Suc-Comm|||cc of |hc boero for /||o|mcn|
eno |os|-/||o|mcn| ec||v|||cs of ||C's Sccur|||cs.
|ursuen| |o c|eusc 47C of |hc ||s||n /rccmcn| v||h S|oc|
|xchencs, ccr||nce|c on he|f-ycer|y ces|s connrm|n ouc
comp||encc of sherc |rensfcr forme||||cs cy |hc Compeny
from |rec||c|n Compeny Sccrc|ery hevc cccn sucm|||co |o
S|oc| |xchenc v||h|n s||pu|e|co ||mc.
xii) Transfer of Unclaimed Amount of Dividend to Investor
Education and Protection Fund
ln eccoroencc v||h Scc||on 2O5/ rceo v||h Scc||on 2O5C
of |hc Compen|cs /c|, 195o, our|n |hc nnenc|e| ycer
2O12-13, en emoun| of `37.77 |ec pcr|e|n|n |o unc|e|mco
nne| o|v|ocno emoun| for nnenc|e| ycer 2OO4-O5 eno en
emoun| of `45.8o |ec pcr|e|n|n |o unc|e|mco |n|cr|m
o|v|ocno emoun| for |hc nnenc|e| ycer 2OO5-Oo hevc cccn
|rensfcrrco |o lnvcs|or |ouce||on eno |ro|cc||on |uno ,l|||),
Govcrnmcn| of lno|e cs|ec||shco unocr Scc||on 2O5C of |hc
Compen|cs /c|, 195o.
The Company has uploaded the details of shareholders of
the Company containing information like name, address
of the shareholder, amount due to be transferred to
IEPF and due date of transfer of amount to IEPF on its
website. The Company has been issuing notices in the
newspapers from to time in order to invite attention
of the shareholders to submit their claims towards the
unpaid and unclaimed dividend. Kindly note that no
claim lies against the Company or IEPF once the dividend
is deposited in IEPF.
xiii) Disinvestment of Holding by President of India
|rcs|ocn| of lno|e |hrouh Offcr for Se|c |hrouh S|oc|
|xchenc Vcchen|sm heo o|vcs|co ||s 9.5% cqu||y
shercho|o|n ,78,32,o2,88O cqu||y shercs) |n |hc Compeny
|n |ccruery 2O13. hc ho|o|n of |rcs|ocn| of lno|e hes
rcoucco from 84.5% of |hc pe|o sherc cep||e| |o 75% of |hc
pe|o up sherc cep||e| of |hc Compeny es on 31
s|
Verch, 2O13.
|ov, |rcs|ocn| of lno|e ho|os 75% of cqu||y sherc cep||e| of
|hc Compeny |.c. o,18,4O,98,3OO numccr of shercs. be|encc
cqu||y |s hc|o cy |lls, Vu|ue| |unos eno lno|en |uc||c.
xiii) Distribution of Shareholding
Shercs hc|o cy o|ffcrcn| ce|cor|cs of shercho|ocrs eno
eccoro|n |o |hc s|zc of ho|o|ns es on 31
s|
Verch 2O13 erc
|vcn cc|ov:
According to Size
a. Distribution of shareholding according to size, % of
holding as on 31
st
March, 2013:
Number of
shares
Number of
shareholders
% of
shareholders
Total No. of
shares
% of
shares
1-5OOO 7,o7,341 99.o3 14,8o,oO,594 1.8O
5OO1-1OOOO 1,198 O.1o 84,91,2OO O.1O
1OOO1-2OOOO 521 O.O7 75,5O,o78 O.O9
2OOO1-3OOOO 172 O.O2 43,55,373 O.O5
3OOO1-4OOOO 92 O.O1 32,19,271 O.O4
4OOO1-5OOOO 81 O.O1 37,18,319 O.O5
5OOO1-
1OOOOO 184 O.O2 1,34,57,O8o O.1o
1OOOO1 eno
ecovc 5o8 O.O7 8,O5,oO,11,879 97.7O
Total 7,70,157 100 8,24,54,64,400 100
b. Shareholding pattern on the basis of ownership
Category As on 31
st
March,
2013
As on 31
st
March,
2012
Change
(%)
Total no. of
shares
% to
Equity
Total no. of
shares
% to
Equity
GOl o,18,4O,98,3OO 75.OO o,9o,73,o1,18O 84.5O ,9.5)
|lls 77,28,8o,3oO 9.37 33,13,4o,348 4.O2 5.35
lno|en |uc||c 1o,28,oo,o95 1.98 1o,Oo,8O,478 1.95 O.O3
ben|s & |l 75,38,15,219 9.14 54,o5,48,149 o.o3 2.51
|r|ve|c Corp.
boo|cs
24,53,oO,O2o 2.98 14,5o,22,o74 1.77 1.21
Vu|ue| |unos 1O,91,77,191 1.32 8,4o,88,139 1.O3 O.29
||l / OCbs 4o,95,449 O.Oo 38,52,739 O.O4 O.O2
O|hcrs 1,25,o5,1oO O.15 53,o4,o93 O.Oo O.O9
Total 8,24,54,64,400 100.00 8,24,54,64,400 100.00 0.00
c. Major Shareholders
|c|e||s of Shercho|ocrs ho|o|n morc |hen 1% of |hc pe|o-
up cep||e| of |hc Compeny es on 31
s|
Verch, 2O13 erc |vcn
cc|ov:
Name of
Shareholder
No. of Shares % to Paid-
up Capital
Category
|rcs|ocn| of
lno|e
o,18,4O,98,3OO 75.OO Govcrnmcn|
||fc lnsurencc
Corpore||on
of lno|e
o3,12,94,191* 7.oo* l|l
*|nc|uocs shercs hc|o |n ver|ous funos/ schcmcs
xiv) Dematerialisation of Shares and Liquidity
hc shercs of |hc Compeny erc |n compu|sory ocme|cr|e|sco
scmcn| eno erc eve||ec|c for |reo|n sys|cm of co|h |e||one|
Sccur|||cs |cpos||ory ||o. ,|S||) eno Ccn|re| |cpos||ory
Scrv|ccs ,lno|e) ||m||co ,C|S|).
Sccrc|er|e| /uo|| |cpor| for |cconc|||e||on of |hc Sherc
Cep||e| of |hc Compeny oc|e|nco from |rec||c|n Compeny
Sccrc|ery hes cccn sucm|||co |o S|oc| |xchenc v||h|n
s||pu|e|co ||mc.
No. of shares held in dematerialized and physical mode
No. of shares % of total
capital issued
|c|o |n ocme|cr|e||zco
form |n C|S|
3,58,89,718 O.44
|c|o |n ocme|cr|e||zco
form |n |S||
8,2O,94,7O,23o 99.5o
|hys|ce| 1,O4,44o O.OO
o|e| 8,24,54,o4,4OO 1OO.OO
37
th
The names and addresses of the Depositories are as under:
1. |e||one| Sccur|||cs |cpos||ory ||o.
reoc \or|o, 4
|h
||oor
|eme|e V|||s Compouno
Scnepe|h| bepe| Ver,
|ovcr |erc|, Vumce|-4OO O13
2. Ccn|re| |cpos||ory Scrv|ccs ,lno|e) ||m||co
|h|rozc !ccccchoy ovcrs
28
|h
||oor, |e|e| S|rcc|, Vumce|-4OO O23
xv) Demat Suspense Account:
|c|e||s ,|n erce|c) of shercs |n |hc suspcnsc eccoun|
opcnco eno me|n|e|nco ef|cr ln|||e| |uc||c Offcr|n eno
|ur|hcr |uc||c Offcr|n of |qu||y Shercs of ||C es on 31
s|

Verch, 2O13 |s furn|shco cc|ov:
Details of NTPC LIMITED IPO Unclaimed Shares Demat
Suspense Account (account opened and maintained after IPO):
Opening Bal
(as on
01.04.2012)
Requests received
and Disposed off
during 2012-13
Closing Bal
(as on 31.03.2013)
Cases Shares Cases Shares Cases Shares
18O 31,939 1 214 179 31,725
Details of NTPC LIMITED FPO Unclaimed Shares Demat Suspense
Account (account opened and maintained after FPO):
Opening Bal
(as on
01.04.2012)
Requests received
and Disposed off
during 2012-13
Closing Bal
(as on
31.03.2013)
Cases Shares Cases Shares Cases Shares
44 o,412 17 2,ooO 27 3,752
hc vo||n r|h|s on |hc shercs mcn||onco |n |hc c|os|n
ce|encc of ecovc |vo eccoun|s she|| rcme|n frozcn |||| |hc
r|h|fu| ovncr of such shercs c|e|ms |hc shercs.
(xvi) Outstanding GDRs/ ADRs/ Warrants or any Convertible
instruments, conversion date and likely impact on equity
|o G||s//||s/\erren|s or eny Convcr||c|c |ns|rumcn|s hes
cccn |ssuco cy |hc Compeny
xvii) Number of Shares held by the Directors as on 31
st

March, 2013
Directors No. of shares
Shr| /rup |oy Chouohury 3,19O
Shr| /.|. S|nhe| 1O,329
Shr| l.!. |epoor |||
Shr| b.|. S|nh 2,7o5
Shr| |.|. V|sre 922
Shr| /.|. !he |l|
Shr| 0.|. |en| 922
Shr| l.C.|. |csher| |l|
Shr| |e|csh !e|n |l|
Shr| S.b. Ghosh |es||oer |l|
Shr| |.S. Sehoo |l|
Shr| /|| V. ||mce||er o14
Shr| S.|. 0peohyey |l|
Vs. |./. |eruve||e 14O
Shr| /.|. Che||cr| |l|
|rof. Sush|| |henne |l|
|r. /. ||oer S|nh 42o
xviii) Locations of NTPC plants
National Capital Region (NCR-HQ)
Thermal Power Stations
|) beoerpur hcrme| |ovcr S|e||on- beoerpur, |cv |c|h|
||) |e||one| Cep||e| hcrme| |ovcr |rocc|- ||s||. Geu|um buoh
|eer, 0||er |reocsh
Gas Power Stations
|) /n|e Ges |ovcr |rocc| ||s||. beren, |ees|hen
||) /ure|ye Ges |ovcr |rocc| ||s||. /ure|ye, 0||er |reocsh
|||) |er|oeceo Ges |ovcr |rocc| ||s||. |er|oeceo, |eryene
|v) |e||one| Cep||e| |ovcr |rocc|- ||s||. Geu|um buoh |eer,
0||er |reocsh
Eastern Region (ER-HQ)- I
|) berh Supcr hcrme| |ovcr |rocc|- ||s||. |e|ne, b|her
||) |ere||e Supcr hcrme| |ovcr S|e||on ||s||. Vursh|oeceo,
\cs| bcne|
|||) |ehe|eon Supcr hcrme| |ovcr |rocc|- ||s||. bhee|pur,
b|her
|v) |or|h |erenpure Supcr hcrme| |ovcr |rocc| |ezer|ceh,
!her|heno
Eastern Region (ER-HQ)- II
|) e|chcr Supcr hcrme| |ovcr S|e||on- ||s||. /nu|, Oo|she
||) e|chcr hcrme| |ovcr S|e||on- ||s||. /nu|, Oo|she
|||) bone|eon hcrme| |ovcr |rocc|, ||s||. |o|reher, /ssem.
|v) |er||pe||| Supcr hcrme| |ovcr |rocc|, ||s||. Sunocrerh,
!hersuuoe, Oo|she
Northern Region (NR-HQ)
|) |crozc Genoh| 0ncheher hcrme| |ovcr S|e||on ||s||.
|eccerc||, 0||er |reocsh
||) ||heno Supcr hcrme| |ovcr |rocc| ||s||. Sonccheore,
0||er |reocsh
|||) S|nreu|| Supcr hcrme| |ovcr S|e||on- ||s||. Sonccheore,
0||er |reocsh
|v) enoe hcrme| |ovcr S|e||on- ||s||. /mcco|er |eer, 0||er
|reocsh
Southern Region (SR-HQ)
|) |emeunoem Supcr hcrme| |ovcr S|e||on- ||s||.
|er|mneer, /nohre |reocsh
||) S|mheor| Supcr hcrme| |ovcr |rocc|- v|she|epe|nem,
/nohre |reocsh
|||) |uo| hcrme| |ovcr |rocc|, b|epur, |erne|e|e
Gas Power Stations
|) |e|v Genoh| Comc|nco Cyc|c |ovcr |rocc| ||s||.
/|eppuzhe, |cre|e
Wind Energy Project, Belgaum, Karnataka
Western Region (WR-HQ)-I
|) So|epur Supcr hcrme| |ovcr |rocc| So|epur, Veheresh|re
||) Vouoe Supcr hcrme| |ovcr |rocc| |epur, Veheresh|re
37
th
Gas Power Stations
|) !henor Genoher Ges |ovcr |rocc|- ||s||. bheruch, Guere|
||) |eves Ges |ovcr |rocc|- /o||ye |eer, Sure|, Guere|
Western Region (WR-HQ)-II
|) |orce Supcr hcrme| |ovcr S|e||on- ||s||. |orce, Chhe|||serh
||) S|pe| Supcr hcrme| |ovcr |rocc|-||s||. b||espur, Che|||serh
|||) v|nohyeche| Supcr hcrme| |ovcr S|e||on- ||s||. S|oh|,
Veohye |reocsh
|v) Geoervere Supcr hcrme| |ovcr |rocc|, |enoc||-
|ers|nhpur, Veohye |reocsh
v) |ere Supcr hcrme| |ovcr |rocc|, ||s||. |e|erh, Che|||serh
v|) |heronc Supcr hcrme| |ovcr |rocc|, |heronc, Veohye
|reocsh
v||) berc|h| Supcr hcrme| |ovcr |rocc|, Che||erpur, Veohye
|reocsh
HYDRO POWER PROJECTS
|) |o|oem |yoro |ovcr |rocc| ||s||. b||espur, ||meche|
|reocsh
||) epoven v|shnueo |yoro |ovcr |rocc| ||s||. Chemo||,
0||ere|heno
|||) |oher|ne- |e|e |yoro |ovcr |rocc|- ||s||. 0||er|esh|,
0||ere|heno
|v) |ups|yeceer |hes|ecere |yoro |ovcr |rocc| ||s||.
|||horeerh, 0||ere|heno
v) |o|ooync-ll |yoro |ovcr |rocc|, |evn||e|, V|zorem
JOINT VENTURE POWER PROJECTS
|) |our|c|e C||-ll - ||s||. Sunoererh, Oo|she
||) |urepur C||-ll - ||s||. buroven, \cs| bcne|
|||) bh||e| C|| - bh||e| ,|es|), Che|||serh
|v) |e|ne|r| |ovcr |rocc| - ||s||. |e|ne|r|, Veheresh|re
v) ve||ur hcrme| |ovcr |rocc| Chcnne|, em|| |eou
v|) lno|re Genoh| Supcr hcrme| |ovcr |rocc| - ||s||. !heer,
|eryene
v||) Vce Supcr hcrme| |ovcr |rocc| chs|| Vce, /||eheceo
v|||) |ec|neer Supcr hcrme| |ovcr |rocc| ||s||.
/ureneceo, |ec|neer, b|her
Overseas Joint Venture Projects
|) r|ncome|cc |ovcr |rocc|, r|ncome|cc, Sr||en|e
||) |ovcr |rocc| e| |hu|ne, ben|eocsh
POWER PROJECTS UNDER SUBSIDIARY COMPANIES
Thermal Power Projects
|) Vuzefferpur hcrme| |ovcr S|e||on, Vuzefferpur, b|her
||) |ec|neer hcrme| |ovcr |rocc|, ||s||. /ureneceo,
|ec|neer, b|her ,|n !v v||h |e||veys)
Hydro Power Projects
|) |e|e epoven |yoro |ovcr |rocc|s ||s||. Chemo||,
0||ere|heno
||) |emmem |yoro |rocc| lll- ||s||. |ercc||n, \cs| bcne|
COAL MINING SITES
|) |e|r| berveo|h Coe| V|n|n |rocc|, |ezer|ceh, !her|heno
||) Che|||-ber|e|u Coe| V|n|n |rocc|, |ezer|ce, !her|heno
|||) |crenoer| Coe| V|n|n |rocc|, |ezer|ceh, !her|heno
|v) e|e|pe||| Coe| V|n|n |rocc|, |e|erh, Che|||serh
v) |u|ene Coe| V|n|n |rocc|, Sunoererh, Oo|she
xix) Address for correspondence:
||C bheven, SCO|| Comp|cx
7, lns|||u||one| /rce, |oo| |oeo,
|cv |c|h| 11OOO3
hc phonc numccrs eno c-me|| rcfcrcncc for commun|ce||on
erc |vcn cc|ov:
Telephone No. Fax No.
|c|s|crco Ofncc 243o O1OO 243o 1O18
lnvcs|or Scrv|ccs |cper|mcn| 243o 7O72 243o 1724
|- me|| |o |son|pc.co.|n
|uc||c Spo|cspcrson
Shr| G.|. Seohu
|xccu||vc ||rcc|or ,||nencc)
243o o278 243o1982
|-me|| |o seohu|yehoo.co.|n
Compeny Sccrc|ery
Shr| /n|| |umer |es|o|
243o OO71 243o O241
|-me|| |o e|res|o|n|pc.co.|n
|-me|| l| ,cxc|us|vc) for
rcorcsse| of |nvcs|ors
comp|e|n|s
|son|pc.co.|n
|or eno on cche|f of boero of ||rcc|ors
Place: New Delhi (Arup Roy Choudhury)
Date: 10
th
May 2013 Chairman & Managing Director
ANNEX-1
Non Mandatory Requirements
bcs|ocs |hc menoe|ory rcqu|rcmcn|s es mcn||onco |n prcccco|n pecs, |hc s|e|us of comp||encc v||h non-menoe|ory rcqu|rcmcn|s
of C|eusc 49 of |hc ||s||n /rccmcn| |s prov|oco cc|ov:
1. The Board: hc Compeny |s hceoco cy en |xccu||vc Che|rmen. |o lnocpcnocn| ||rcc|or hes cccn eppo|n|co for |hc pcr|oo
cxccco|n, |n |hc erce|c, e pcr|oo of n|nc ycers, on |hc boero of |hc Compeny.
2. Remuneration Committee: ||cesc rcfcr |o pere 3.3 of |h|s |cpor|.
3. Shareholder Rights: hc quer|cr|y nnenc|e| rcsu||s of |hc Compeny erc puc||shco |n |ceo|n ncvspepcrs es mcn||onco unocr
hceo|n 'Vcens of Commun|ce||on' eno e|so hos|co on |hc vccs||c of |hc Compeny. hcsc rcsu||s erc no| scpere|c|y c|rcu|e|co.
S|n|ncen| cvcn|s hevc cccn o|sc|osco on |hc Compeny vccs||c: vvv.n|pc.co.|n unocr /nnounccmcn|s' |n |hc lnvcs|ors'
scc||on.
4. Audit Qualication: l| |s e|veys Compeny's cnocevour |o prcscn| unque||nco nnenc|e| s|e|cmcn|s.
37
th
5. Training to Board Members: hc boero of ||rcc|ors hevc |hc rcspons|c||||y of s|re|c|c supcrv|s|on of |hc Compeny eno unocr|e|c
pcr|oo|c rcv|cv of ver|ous me||crs |nc|uo|n pcrformencc of ver|ous s|e||ons, cons|ruc||on of povcr procc|s, cepec||y cxpens|on
proremmc |n ||nc v||h |erc|s sc|-up cy V|n|s|ry of |ovcr, rcsourcc moc|||se||on, c|c. ln orocr |o fu|n| |h|s ro|c, |hc boero of
||rcc|ors unocro |re|n|n from ||mc |o ||mc. hc boero of ||rcc|ors erc fu||y cr|cfco on e|| cus|ncss rc|e|co me||crs, r|s| esscssmcn|
eno m|||e||n proccourcs eno ncv |n|||e||vcs proposco cy |hc Compeny. ||rcc|ors erc e|so cr|cfco on chencs/ocvc|opmcn|s |n
lno|en es vc|| es |n|crne||one| corpore|c eno |nous|ry sccner|o |nc|uo|n |hosc pcr|e|n|n |o |hc s|e|u|cs/|c|s|e||on eno cconom|c
cnv|ronmcn|. ln eoo|||on, ||rcc|ors erc cc|n |mper|co |re|n|n oren|sco cy |hc Compeny eno o|hcr ecnc|cs/ |ns|||u||ons c|c
vh|ch cnec|cs |hcm |o epprcc|e|c spcc|nc rcqu|rcmcn|s of |ovcr Scc|or es vc|| es |hosc of |hc Compeny. hc Compeny hes
boero epprovco re|n|n |o||cy |n p|ecc for ||s mcmccrs vh|ch e|ms e| cu||o|n |ceocrsh|p, que||||cs eno prov|o|n e p|e|form |o
sherc |hc |nov|coc, s||||s eno cxpcr|cncc e|nco cy |hc ||rcc|ors.
o. Mechanism for evaluating non-executive Board Members: |on-cxccu||vc boero Vcmccrs ,lnocpcnocn| ||rcc|ors) of ||C
erc eppo|n|co cy |hc Scerch Comm|||cc of |hc Govcrnmcn| of lno|e for e |cnurc of |hrcc ycers e| e ||mc. hc|r pcrformencc |s
e|so cve|ue|co cy |hc Scerch Comm|||cc of |hc Govcrnmcn| of lno|e eno cesco on |hc|r pcrformencc, |hcy erc cons|ocrco for
rc-eppo|n|mcn| on |hc boero.
7. Whistle Blower Policy: hc Compeny hes no| eoop|co eny scpere|c \h|s||c b|ovcr' po||cy. |ovcvcr, unocr |hc prov|s|ons of
|reuo |rcvcn||on |o||cy' eoop|co cy |hc Compeny, e \h|s||c b|ovcr Vcchen|sm |s |n p|ecc for rcpor||n of freuo or suspcc|co
freuo |nvo|v|n cmp|oyccs of |hc Compeny es vc|| es rcprcscn|e||vcs of vcnoors, supp||crs, con|rec|ors, consu||en|s, scrv|cc
prov|ocr or eny o|hcr per|y oo|n eny |ypc of cus|ncss v||h ||C. hc mcchen|sm for prcvcn||on of freuo |s e|so prov|oco |n |hc
po||cy. /|| rcpor|s of freuo or suspcc|co freuo erc |nvcs||e|co v||h u|mos| spcco.
Annex-II
Schedule of Compliances with Presidential Directive issued during the nancial year 2012-13 and during last three years
preceding the nancial year 2012-13:
Year Content of Presidential Directives Compliance
2012-13 NIL NIL
2011-12 NIL NIL
2010-11 1. v|oc |rcs|ocn||e| ||rcc||vc
|o.11/2/2O1O-h-1 oe|co 1O
|h
!enuery,
2O11, Govcrnmcn| of lno|e heo o|rcc|co
||C for |nouc||on of supcrcr|||ce|
|cchno|oy ,v||h s||pu|e||on of |hesco
Venufec|ur|n |roremmc) |hrouh bu||
orocr|n of n|nc 8OO V\ cncre||n
un||s cy ||C ||m||co es pcr roeo mep
|vcn |n |hc eforcse|o o|rcc||vc.
ln ||nc v||h |hc |rcs|ocn||e| ||rcc||vc, |cnocrs for S|cem Gcncre|or ,SG) pec|ec eno
S|cem urc|nc Gcncre|or ,SG) pec|ec for 8OO V\ un||s vcrc |nv||co scpere|c|y for |ere,
|er||pe||, Gemere eno |uo| procc| on ln|crne||one| Compc||||vc b|oo|n ces|s on
4.O2.2O11 fo||ov|n |vo-s|ec c|oo|n proccss. hc evero of Con|rec| for SG eno SG
|ec|ecs hevc cccn p|ecco for |uo| ,3x8OO V\) eno |ere ,28OO V\) procc|s. ln v|cv
of o|fncu||y cc|n fecco |n c|||n |eno for Gemere procc|, |n p|ecc of Gemere, evero of
con|rec|s for SG eno SG pec|ecs hevc cccn p|ecco for Geoervere ,28OOV\) procc|.
/vero of con|rec|s for |er||pe||| procc| cou|o no| cc p|ecco |n ecscncc of |nvcs|mcn|
epprove|, cnv|ronmcn| c|cerencc eno phys|ce| posscss|on of |eno. |ur|hcr, |hc c|o ve||o||y
of V/s bG| vho ves sc|cc|co for evero of SG pec|ec for |er||pe||| cxp|rco on O9.O3.2O13.
2009-10 1 . v|oc |rcs|ocn||e| ||rcc||vc |o.8/3/2OO2-
|.ll ,vo|.lv) oe|co O4.O9.2OO9 rceo
v||h |c||cr of cvcn no. oe|co O7.1O.2OO9,
Govcrnmcn| of lno|e heo o|rcc|co ||C
for |nouc||on of supcrcr|||ce| |cchno|oy
|hrouh cu|| orocr|n of c|cvcn ooO
V\ cncre||n un||s cy ||C for ||sc|f
eno on cche|f of ||s !o|n| vcn|urc
Compen|cs eno on cche|f of |emooer
ve||cy Corpore||on.
ln ||nc v||h |hc |rcs|ocn||e| ||rcc||vc, |cnocrs for S|cem Gcncre|or ,SG) pec|ec eno S|cem
urc|nc Gcncre|or ,SG) pec|ec for ooO V\ un||s vcrc |nv||co scpere|c|y on ln|crne||one|
Compc||||vc b|oo|n ces|s on 1o.1O.2OO9, fo||ov|n |vo s|ec c|oo|n proccss ,|.c v||h|n
|hc s||pu|e|co pcr|oo of 45 oeys from |ssuencc of VO| |c||cr oe|co O4.O9.2OO9).
ln SG pec|ec, onc o|sque||nco c|oocr n|co e vr|| pc||||on |n |hc ||h Cour| of |c|h|.
||C che||cnco |hc occ|s|on of ||h Cour| |n |on'c|c Suprcmc Cour| of lno|e, vh|ch
sucscqucn||y evc |hc uomcn| |n fevour of ||C. /ccoro|n|y, ef|cr opcn|n pr|cc c|o,
evero of con|rec| for Vouoe ,2ooOV\) eno So|epur ,2xooOV\) hevc cccn p|ecco.
/vero of Con|rec|s for Vce ,2xooO V\) hevc cccn p|ecco cy Vce 0re ||em |r|ve|c
||m||co eno |he| for |ec|neer ,3xooO V\) hevc cccn p|ecco cy |ec|neer |ovcr
Gcncre||n Compeny |r|ve|c ||m||co. |ur|hcr, evero of con|rec|s for |ehune|hpur procc|
hevc cccn p|ecco cy |emooer ve||cy Corpore||on.
2. v|oc |rcs|ocn||e| ||rcc||vc |o. 5/5/2OO4-
h.ll oe|co O3.O7.2OO9, Govcrnmcn| of
lno|e pcrm|||co ||C for v|no|n up of
||pevev |ovcr |cvc|opmcn| Compeny
||m||co ,|||C|) |hrouh s|r|||n off |hc
nemc of |||C| unocr Scc||on 5oO of |hc
|c|s|rer of Compen|cs, |hrouh ||s |c||cr oe|co 28.O1.2O11, hes |nformco |he| |hc nemc
of ||pevev |ovcr |cvc|opmcn| Compeny ||m||co hes cccn s|ruc| off from |hc |c|s|cr of
|c|s|rer of Compen|cs, |C of |c|h| & |eryene pursuen| |o Scc||on 5oO of |hc Compen|cs
/c|, 195o eno |hc se|o Compeny s|enos o|sso|vco.
3. Con|rec| rc|e||n |o Ve|n ||en| |ec|ec
for berh Supcr hcrme| |ovcr |rocc|,
S|ec-l ,3xooO V\) everoco on
cchnopromcxpor|, |uss|e cy ||C
||m||co
||C |s |mp|cmcn||n Ve|n ||en| |ec|ec |er|-/ ,S|cem Gcncre|or & /ux|||er|cs) for berh
Supcr hcrme| |ovcr |rocc| S|ec-l ,3xooOV\) |hrouh cchnopromcxpor|, |uss|e.
VO|/GOl furn|shco occ|s|on of Cec|nc| Comm|||cc on lnfres|ruc|urc ,CCl) v|oc ||s |c||cr
oe|co 28.O5.2O1O o|rcc||n ||C |o |e|c e|| ncccssery ec||ons for |hc cer|y comp|c||on
of |hc procc| |n v|cv of |hc CCl occ|s|on. ln ||nc v||h |hc o|rcc||vc, o|scuss|ons vcrc
hc|o cc|vccn ||C eno cchnopromcxpor|, |uss|e eno ef|cr |e||n epprove| from |hc
compc|cn| eu|hor||y, ncccssery emcnomcn|s |o Con|rec|s hevc e|so cccn |ssuco on
29.1O.2O1O for |mp|cmcn|e||on of berh S|| S|ec-l.
37
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th
CHIEF EXECUTIVE OFFICER (CEO) & CHIEF FINANCIAL OFFICER (CFO) CERTIFICATION
\c, /rup |oy Chouohury, Che|rmen & Vene|n ||rcc|or eno /.|.S|nhe|, ||rcc|or ,||nencc) of ||C ||m||co |o |hc ccs| of our
|nov|coc eno cc||cf, ccr||fy |he|:
,e) \c hevc rcv|cvco |hc ce|encc shcc| eno pron| eno |oss eccoun| ,s|eno e|onc eno conso||oe|co) eno e|| |hc no|cs |o |hc ||nenc|e|
S|e|cmcn|s eno |hc Cesh ||ov S|e|cmcn| for |hc ycer cnoco Verch 31, 2O13 eno |o |hc ccs| of our |nov|coc eno cc||cf:
,|) |hcsc s|e|cmcn|s oo no| con|e|n eny me|cr|e||y un|ruc s|e|cmcn| or om|| eny me|cr|e| fec| or con|e|n s|e|cmcn|s |he| m|h| cc
m|s|ceo|n,
,||) |hcsc s|e|cmcn|s |oc|hcr prcscn| e |ruc eno fe|r v|cv of |hc Compeny's effe|rs eno erc |n comp||encc v||h cx|s||n eccoun||n
s|enoeros, epp||cec|c |evs eno rcu|e||ons.
,c) o |hc ccs| of our |nov|coc eno cc||cf, no |rensec||ons cn|crco |n|o cy |hc Compeny our|n |hc ycer, vh|ch |s freuou|cn|, |||ce|
or v|o|e||vc of |hc compeny's ver|ous cooc,s) of conouc|.
,c) \c erc rcspons|c|c for cs|ec||sh|n eno me|n|e|n|n |n|crne| con|ro|s for nnenc|e| rcpor||n eno vc hevc cve|ue|co |hc cffcc||vcncss
of |hc |n|crne| con|ro| sys|cms of |hc Compeny pcr|e|n|n |o nnenc|e| rcpor||n eno hevc o|sc|osco |o |hc euo||ors eno |hc /uo||
Comm|||cc, ocnc|cnc|cs |n |hc ocs|n or opcre||on of |n|crne| con|ro|s, |f eny, of vh|ch vc erc everc eno |hc s|cps vc hevc |e|cn
or proposc |o |e|c |o rcc||fy |hcsc ocnc|cnc|cs.
,o) \c hevc |no|ce|co |o |hc compeny's euo||ors eno |hc /uo|| Comm|||cc of ||C's boero of ||rcc|ors:
,|) s|n|ncen| chencs, |f eny, |n |n|crne| con|ro| ovcr nnenc|e| rcpor||n our|n |hc ycer,
,||) s|n|ncen| chencs, |f eny, |n eccoun||n po||c|cs our|n |hc ycer eno |hc semc hevc cccn o|sc|osco |n |hc no|cs |o |hc
nnenc|e| s|e|cmcn|s, eno
,|||) |ns|enccs of s|n|ncen| freuo of vh|ch vc hevc cccomc everc eno |hc |nvo|vcmcn| |hcrc|n, |f eny, of |hc menecmcn| or en
cmp|oycc hev|n e s|n|ncen| ro|c |n |hc compeny's |n|crne| con|ro| sys|cm ovcr nnenc|e| rcpor||n.
||ecc : |cv |c|h|
|e|c : 8
|h
Vey, 2O13
,/.|. S|nhe|)
||rcc|or ,||nencc)
,/rup |oy Chouohury)
Che|rmen & Vene|n ||rcc|or
AUDITORS CERTIFICATE
hc Vcmccrs
||C ||m||co
\c hevc cxem|nco |hc comp||encc of cono|||ons of Corpore|c Govcrnencc cy ||C ||m||co for |hc ycer cnoco on Verch 31, 2O13
es s||pu|e|co |n |hc C|eusc 49 of |hc ||s||n /rccmcn|s |n rcspcc| of |qu||y Shercs of |hc se|o compeny v||h S|oc| |xchencs
eno es s||pu|e|co |n |hc Gu|oc||ncs on Corpore|c Govcrnencc for Ccn|re| |uc||c Scc|or |n|crpr|scs |ssuco cy |cper|mcn| of |uc||c
|n|crpr|scs, V|n|s|ry of |cevy lnous|r|cs eno |uc||c |n|crpr|scs, Govcrnmcn| of lno|e.
hc comp||encc of cono|||ons of corpore|c ovcrnencc |s |hc rcspons|c||||y of |hc menecmcn|. Our cxem|ne||on |s ||m||co |o
proccourcs eno |mp|cmcn|e||on |hcrcof, eoop|co cy |hc Compeny for cnsur|n |hc comp||encc of |hc cono|||ons of |hc Corpore|c
Govcrnencc. l| |s nc||hcr en euo|| nor en cxprcss|on of op|n|on on |hc nnenc|e| s|e|cmcn|s of |hc Compeny.
ln our op|n|on eno |o |hc ccs| of our |nov|coc eno |nforme||on eno eccoro|n |o |hc cxp|ene||ons |vcn |o us, vc ccr||fy |he| |hc
Compeny hes comp||co v||h |hc menoe|ory cono|||ons of Corpore|c Govcrnencc es s||pu|e|co |n |hc ||s||n /rccmcn|s eno |n |hc
Gu|oc||ncs on Corpore|c Govcrnencc for Ccn|re| |uc||c Scc|or |n|crpr|scs cxccp| |he| |hc boero of ||rcc|ors o|o no| compr|sc of |hc
rcqu|rco numccr of |nocpcnocn| o|rcc|ors ouc |o vecency crce|co cy rc||rcmcn|/rcs|ne||on, oc|ey |n eppo|n|mcn| es |no|ce|co |n
|ere 2.2 of Corpore|c Govcrnencc |cpor| eno onc |nocpcnocn| o|rcc|or's pos|||on |s vecen| es on 31
s|
Verch 2O13.
\c fur|hcr s|e|c |he| such comp||encc |s nc||hcr en essurencc es |o |hc fu|urc v|ec||||y of |hc compeny nor |hc cfnc|cncy or cffcc||vcncss
v||h vh|ch |hc menecmcn| hes conouc|co |hc effe|rs of |hc compeny.
|or O. |. be|e & Co. |or | | Son| & Co. |or ||| Sr|oher & Sen|henem
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
||rm |c. |o. OOOO18| ||rm |c. |o. OOO947| ||rm |c. |o. OO399OS
,|e|csh |umer) ,S. S. Son|) ,v. |o|henoeremen)
|er|ncr |er|ncr |er|ncr
V |o. O87537 V |o. O94227 V |o. O25973
|or v. Sen|er /|yer & Co. |or |emcsh C. /reve| & Co. |or /. |. & Co.
||rm |c. |o. 1O92O8\ ||rm |c. |o. OO177OC ||rm |c. |o. OO2744C
,V.S. be|echenoren) ,Von||e /reve|) ,|even |. Goc|)
V |o. O24282 V |o. O937o9 V |o. O722O9
||ecc : |cv |c|h|
|e|c : 1O
|h
Vey 2O13
37
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th
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Annex-III to Directors Report
PARTICULARS REQUIRED UNDER THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE
REPORT OF THE BOARD OF DIRECTORS) RULES, 1988:
A. CONSERVATION OF ENERGY:
a) Energy conservation measures taken:
Somc of |hc |mpor|en| cncry conscrve||on mcesurcs |e|cn our|n |hc ycer 2O12-13 |n o|ffcrcn| erces erc es unocr:
ENERGY AUDITS
|ur|n 2O12-13, 8O cncry euo||s |n |hc erces of eux|||ery povcr consump||on, ve|cr ce|encc, coo||n ve|cr sys|cm, |hcrme|
|nsu|e||on, comprcssco e|r, coe| heno||n p|en|, m||||n sys|cm, e|r cono|||on|n, esh heno||n sys|cm, \||b pcrformencc,
||h||n c|c. vcrc cerr|co ou| e| o|ffcrcn| s|e||ons of ||C. / vor|shop on |C Oppor|un|||cs |n hcrme| |ovcr ||en|s v||h
focus on |ry /sh |eno||n' ves conouc|co e| |uc|nov.
AUXILIARY POWER CONSUMPTION
|cp|eccmcn| of |ncfnc|cn| b|| cer|r|ocs eno e||cno|n b|| rcc|rcu|e||on ve|vcs eno e||cno|n ouc| |ce|ecs / /|| sce|
rcp|eccmcn| e| ver|ous procc|s, ||uc es ouc| moo|nce||on us|n C|| e| enoe, Ofn|nc G Comprcssor vesh|n our|n
oppor|un||y shu|oovns e| Ges S|e||ons, /pp||ce||on of cfnc|cncy |mprovcmcn| coe||n on coo||n ve|cr / o|hcr pump
|n|crne|s eno |ns|e||e||on of v||'s ver|ous | or|vcs e| ver|ous procc|s, Op||m|ze||on of opcre||on of C\ pumps, /|C\,
c|er|nco ve|cr pumps & Coo||n ovcr |ens eno op||m|z|n || ecross |cco |cu|e||n S|e||on e| ver|ous procc|s.
LIGHTING
|cp|eccmcn| of convcn||one| G|S |emps eno convcn||one| ||s v||h C||s / cfnc|cn| | e| ver|ous procc|s, |cp|eccmcn| of
s|rcc| ||h||n ||Sv / |e|ocn / || nx|urcs v||h ||| ||h| nx|urcs e| |eyem|u|em, e|chcr |en|he, |eor| & |eves.
HEAT ENERGY
/||cno|n / upreo|n |hcrme| |nsu|e||on e| ||heno, /ure|ye, Genoher & |eyem|u|em, e||cno|n pess|n |n || hce|crs e|
||heno, |cp|eccmcn| of |urc|nc sce|s e| |emeunoem, e||cno|n h|h cncry ore|ns e| ||heno & S|mheor|.
b) Additional investments and proposals for reduction in consumption of energy:
|rov|s|on of ` 17.37 crorc hes cccn |cp| |n b| 2O13-14 for o|ffcrcn| cncry conscrve||on schcmcs |||c:
- lns|e||e||on of v|| |n | or|vcs
- Gr|o |n|crec||vc roof-|op S|v p|en|
- vepor ecsorp||on sys|cm for /|r Cono|||on|n
- |ncry cfnc|cn| ||h||n
c) Impact of measures taken for energy conservation:
Sev|ns ech|cvco our|n 2O12-13 on eccoun| of spcc|nc cffor|s for cncry conscrve||on:-
S.No. Area/Activities Energy Unit Savings Qty. of units ` (Crore)
1 ||cc|r|ce| V0 119.9 2o.39
2.e |ce| |ncry ,cqu|ve|cn| V of coe|) V 93oo 1.o8
2.c |ce| |ncry ,cqu|ve|cn| VCV of Ges) VCV 1.9o7 3.33
2.c |ce| |ncry ,cqu|ve|cn| || of |ep|he) || 253 1.O8
Grand Total 32.48
Sev|ns ech|cvco our|n 2O11-12: ` 3O.79 Crorc
Technology Absorption:
|ffor|s meoc |overos |cchno|oy ecsorp||on erc con|e|nco |n cnc|osco |orm b.
C. FOREIGN EXCHANGE EARNINGS AND OUTGO
/c||v|||cs rc|e||n |o cxpor| |n|||e||vc |e|cn |o |ncrcesc cxpor|, ocvc|opmcn| of ncv cxpor| mer|c|s for proouc|s eno scrv|ccs eno
cxpor| p|en:
Total Foreign Exchange Used/ Earned (2012-13) ` (Crore)
1. |orc|n |xchenc Ou|o
e) ve|uc of lmpor|s ce|cu|e|co on Cl| ces|s:
- Cep||e| Gooos 1,OO9.O5
- Sperc |er|s 124.44
c) |xpcno||urc:
- |rofcss|one| eno Consu||ency Chercs 4.1o
- ln|crcs| o25.38
- O|hcrs 5.52
2. |orc|n |xchenc |ernco
- |rofcss|one| & Consu||ency |cc 2.15
- O|hcrs O.1O
37
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Annual Report 2012-2013 8o 37
th
FORM B
FORM FOR DISCLOSURE OF PARTICULARS WITH RESPECT TO ABSORPTION OF TECHNOLOGY
1.0 Specic areas in which NETRA activities have been carried out during 2012 - 13:
a. MOU Projects for 201213 Completed:
|cp|oymcn| eno ve||oe||on of |ncry ln|cns|nce||on & ||enos|s Vooc| ,|l|V)' for rce| ||mc p|en| pcrformencc
op||m|ze||on e| onc of |hc 5OO V\ un||, ln-housc ocvc|opmcn| of proccss |o upreoc cx|s||n |nouc||on
mo|or for v|| rc|ron|||n eno cxccu||on on Coo||n ovcr |en |n onc of our s|e||ons, Comp|c||on of Supp|y,
|rcc||on, Comm|ss|on|n of 4O | So|er |hcrme| |v/C p|en| e| |||/, Comp|c||on of |n-housc proccss ocs|n
for erouno 5O m
2
opcn pono recc vey e|ec rcec|or e| onc of our s|e||ons, |cvc|opmcn| of en cxpcr| sys|cm
for esscssmcn| of pepcr mo|s|urc |n |rensformcrs us|n ,||C-|vV) |cchn|quc eno ocmons|re||on e| onc of our
S|e||ons, ||| for ln|cre||on of so|er |hcrme| v||h fcco hce||n of coe| povcr p|en| e| onc of our s|e||ons.
b. Developmental Projects undertaken by NETRA: |cs|n of hce| p|pc cesco e|r prc- c||||y e| |||/ &
comp|c||on of procurcmcn| of cqu|pmcn|, |cvc|opmcn| of eovencco pe||crn rccon|||on |cchn|quc for cer|y
vern|n oc|cc||on for e povcr p|en| epp||ce||on, /pp||ce||on of O|| ,|mc of |||h| ||ffrec||on) for |cs||n of
vc|os |n hceocrs eno p|pc ||ncs e| onc un|| of e s|e||on, lnspcc||on of |S| |uccs us|n roco||c sys|cms of |vo
5OO V\ un||s of ||C s|e||ons.
c. Scientic Support to Stations:
NETRA continued to provide scientic support to stations such as: |ncry ln|cns|nce||on eno
||enos||c Vooc| ,|l|V) for rce| ||mc opcre|or eov|sory sys|cm hes cccn succcssfu||y |ns|e||co |n e|chcr
5OO V\ un||. hc sys|cm |s unocr ocvc|opmcn| for |hrcc morc un||s. |ce| ||mc GCv mooc| hes cccn
ocvc|opco eno succcssfu||y |ns|e||co |n |hrcc s|e||ons for opcre|or ess|s|encc |n op||m|z|n |hc p|en|
opcre||on. Chcm ene|yscr, en cxpcr| sys|cm for povcr p|en| chcm|s|ry hes cccn ocvc|opco eno |ns|e||co
|n 2OO V\ eno 5OO V\ un||s. hc sys|cm |s cc|n ocvc|opco for ooO V\ Supcrcr|||ce| un||s. |||/ hes
succcssfu||y usco |n-housc ocvc|opco |oco||c lnspcc||on Sys|cm for |nspcc||on of co||co |uccs |n 5OO
V\ co||crs. lnspcc||ons vcrc cerr|co ou| |n ver|ous procc|s. hcsc |nspcc||ons hc|pco s||c |o |oce|c
proc|cme||c erces |n |S|. lnspcc||on ves e|so cerr|co ou| succcssfu||y |n |conom|scr |n S|pe| 0n||-v.
besco on C|| mooc| ene|ys|s, nuc es ouc|s |n enoe #2 erces pronc |o h|h prcssurc orop vcrc |ocn||nco
eno su||ec|c nov c|cmcn|s vcrc |mp|en|co |n 0#2 our|n ovcrheu| |n !u|y-/u 2O12. l| rcsu||co |n prcssurc
orop cy oO mm\C eno ~1OO |\ of l| fen povcr sev|n. Vorc |hen 2OO numccrs of ve|cr ve|| |uccs from
34 p|en|s vcrc ene|ysco |nc|uo|n s|e|c c|cc|r|c||y coeros eno o|n| vcn|urcs. On |hc ces|s of que|||e||vc
eno quen|||e||vc ene|ys|s of ocpos||s, scvcn nos. of co||crs vcrc rccommcnoco for pos| opcre||one|
chcm|ce| c|cen|n. Crys|e||oreph|c cherec|cr|ze||on hes cccn cerr|co ou| of |urc|nc c|eoc ocpos||s eno
ve|cr ve|| ocpos||s |o esscss s|cem ve|cr cyc|c |mpur|||cs for O&V of povcr p|en|s.
Environment: |nv|ronmcn|e| /ppre|se| of 4 s|e||ons hes cccn cerr|co ou| eno corrcc||vc ec||ons erc
cc|n |e|cn cy |hc s|e||ons cesco on |hc eppre|se|, Ozonc mcesurcmcn| es pcr ncv emc|cn| e|r ec| ves
pcrformco e| |hrcc s|e||ons |o cu||o up oe|e, |crformencc |mprovcmcn| for S| cerr|co ou| e| /ure|ye, |hc
proccss |s nne||zco for !henor-Genoher cfnucn| rccyc||n schcmc.
Health Assessment: 32 |n-s||u hce||h esscssmcn| s|uo|cs cerr|co ou| for o|ffcrcn| co||crs, s|cem & es
|urc|ncs. |||/ prov|oco cxpcr| scrv|ccs for |hc epp||ce||on of phesco errey |cchn|quc |n oc|cc||n |hc
crec|s on |hc roo| of |hc || |urc|nc c|eocs v||hou| rcmov|n |hcm. || |o|or c|eocs of e|chcr ,0n|| #3),
enoe ,0n||#4) vcrc |cs|co us|n 0 phesco errey. Ve|cr|e| m|sme|ch, |.c. usc of |nfcr|or me|cr|e|, |||c
cercon s|cc| |n p|ecc of |ov e||oy s|cc|, ves oc|cc|co e| 43 |oce||ons for ver|ous procc|s .
|ce||h esscssmcn| of h|h |cmpcre|urc hceocrs eno p|pc||ncs ves cerr|co ou| for |emeunoem ,0n||#o),
S|nreu|| ,0n||#o). /sscssmcn| of me|cr|e| ocreoe||on for es |urc|nc componcn| ves cerr|co ou| e| somc
procc|s.
||h v|cre||on proc|cm of G#2 e| enoe, C.\. |ump 32/ e| |eor| Ges eno |./. fen#4b e| b|S vcrc
eoorcssco. |ooscncss proc|cm of Gcncre|or ovcrhen v|no|ns vcrc e|so o|enosco e| enoe |n 0#2,
0#3 eno 0#4 e| 0ncheher.
37
th
th
|cs|oue| ||fc esscssmcn|s cerr|co ou| for scrv|cc-cxposco supcrhce|cr eno rchce|cr |uccs of co||crs of
coe|-nrco un||s cy conouc||n eccc|cre|co s|rcss rup|urc |cs|s ,/S|) on |hc |ucc semp|cs opcre||n |n |hc
crccp oome|n.
Svccp |rcqucncy |csponsc /ne|ys|s ,S||/) ene|yscs of ver|ous |rensformcrs |o esscss |hc mcchen|ce|
|n|cr||y of rensformcrs hevc cccn cerr|co ou| e| somc procc|s.
Vo|s|urc esscssmcn| |n morc |hen 2O |rensformcrs cy us|n ,|n-housc) ocvc|opco ||C-|vV |ns|rumcn|
hc|pco s||cs |o |e|c occ|s|on |||c for ory|n ou| of |rensformcrs.
Condition Monitoring: rensformcr o||: Vorc |hen 25OO |rensformcr o|| semp|cs vcrc ene|ysco from
ver|ous s|e||ons es vc|| es ou|s|oc ecnc|cs pcr|e|n|n |o o|ffcrcn| |v |rensformcrs such es G-s. lC-s,
0/-s, S-s c|c. l| hc|pco |n cer|y oc|cc||on of |mpcno|n feu||s such es G-7|, G-7b |n |orce, #3 e|
|ere||e c|c.
\cer occr|s: 2245 nos. of o|| semp|cs vcrc ene|ysco for vcer occr|s. |roc|cms o|enosco |n V|||#5| e|
b|S, /|| 1b e| |S, V|||-3b eno V|||-4b e| SS|S.
bo||cr ucc/ fe||urc ene|ys|s: Cono|||on esscssmcn| of ecou| 4O co||cr |uccs from |hc \e|cr ve||, |chce|cr
eno supcr hce|cr rc|ons. |e||urc ene|ys|s of co||cr |uccs |o nno |hc ceusc of fe||urc ves oonc for ovcr 1OO
|uccs of ver|ous co||crs of ||C eno cx|crne| povcr proouccrs.
d. Scientic Support to Other Utilities:
Sc|cn||nc scrv|ccs prov|oco |o o|hcr u||||||cs such es orrcn| |ovcr, !|noe| |ovcr, |chre Vohece|, l|GC|, |V|C,
VVC c|c.
2.0 Benets derived as a result of above Research & Technology Development:
|||/ ec||v|||cs es cerr|co ou| hevc hc|pco |n |ncrces|n |hc eve||ec||||y, rc||ec||||y eno cfnc|cncy of |hc s|e||ons.
cchn|qucs ocvc|opco cy |||/ erc |mp|cmcn|co e| s|e||ons, vh|ch erc cnhenc|n |hc ||fc of co||cr & |urc|nc
componcn|s. |nv|ronmcn|e| eppre|se|s, rcuvcne||on |rce|mcn|s of rcs|ns, chcm|ce| c|cen|n/|rce|mcn| eno corros|on
con|ro| mcesurcs suppor|co |hc s|e||ons |n |mprov|n |hc cfnc|cncy, eve||ec||||y eno ||fc of co||crs, ver|ous hce|
cxchencrs/coo||n |ovcrs c|c.
hc prcvcn||vc/fe||urc |nvcs||e||on of |rensformcrs, cr|||ce| ro|e||n componcn|s, co||cr/conocnscr |uccs eno ||
hce||h esscssmcn| of co||cr componcn|s hc|pco |n |ocn||fy|n |hc ceusc of fe||urc eno |hus prov|o|n ncccssery
|npu| for |e||n corrcc||vc ec||on |n prcvcn||n rc-occurrcncc of s|m||er fe||urcs |hcrccy |ncrces|n |hc eve||ec||||y
of povcr p|en| cqu|pmcn|s. |ce| ||mc mon||or|n sof|vercs/ene|yscrs such es Chcm. |xpcr| sys|cm eno rce| ||mc
eov|sory sys|cm |cchn|qucs cnec|co s|e||ons |o mon||or peremc|crs on rce| ||mc ces|s eno cncre|c |ns|en| eov|sory
|o cnhencc pcrformencc.
S|uo|cs on CO
2
nxe||on/u||||ze||on, so|er |hcrme|, c|ofuc|s v||| rcsu|| |n|o ocvc|opmcn| of |cchno|o|cs for rcouc||on
|n |hc |mpec| on c||me|c chenc eno |cchno|o|cs for efforoec|c rcncvec|c cncry sourccs. |cvc|opmcn| of
|cchno|o|cs for cfnc|cncy |mprovcmcn| v||| hc|p |n rcouc|n cos| of cncre||on.
3.0 Future Plans
|cvc|opmcn|e| |rocc|s p|ennco |o cc |e|cn up:
0p reoe||on of cx|s||n mo|ors |hrouh |n-housc ocvc|opco |cchno|oy for v|| rc|ron|||n |n onc comp|c|c
coo||n |ovcr fens eno comm|ss|on|n of sys|cm e| ||C |eor| s|e||on.
Sc|||n up of 5Om
2
opcn pono recc vey e|ec rcec|or eno commcnccmcn| of cu|||ve||on of e|ec v||h sc|cc|co
s|re|ns e| ||C |er|oeceo s|e||on for nxe||on of CO
2
from nuc es.
|rocurcmcn| eno sc|up of |n-housc ocs|nco |hcrmo-syphon hce| p|pc cesco e|r prc-hce|cr p||o| fec||||y
e| |||/ eno commcnccmcn| of |r|e|s. hc |cchn|quc |s cxpcc|co |o rcoucc /|| sce| |ce|ec from 15%
,epprox.) |o e|mos| n|| ve|uc.
|rocurcmcn| eno crcc||on of nuc es ves|c hce| rccovcry hce| cxchencr & essoc|e|co cqu|pmcn|s for 1OO |
e|r cono|||on|n sys|cm e| ||C |emeunoem S|e||on.
|c|cc||on & s|z|n of |n|crne| ocfcc|s on sc|cc|co vc|os of cr|||ce| povcr p|en| p|pc||ncs us|n |mc of |||h|
||ffrec||on ,O||)' |cchn|qucs eno cs|ec||sh|n ||s cfncecy for fes|cr |nspcc||on of vc|o o|n|s our|n crcc||on
e| |vo ||C S|e||ons. 25% ||mc sev|n |s cxpcc|co |n ||.
37
th
Genoher Ges S|e||on C\ |fnucn| \e|cr |ccovcry Sys|cm- nne||ze||on of cch Spccs, Cos||n eno |l. hc
sys|cm v||| rccovcr ecou| 125 m
3
/hr of |fnucn| \e|cr.
|roccss op||m|ze||on s|uo|cs of convcrs|on of VS\ |o fuc| e| ccnch sce|c |cvc| e| |||/.
|||o| p|en| s|uo|cs for m|ncre||ze||on of ny esh s|urry |hrouh nuc es |o rcoucc p| of s|urry e| |emeunoem.
C|| mooc|||n of povcr p|en| proccss for |mprov|n p|en| cfnc|cncy e| 2 povcr s|e||ons.
|ec|e|n of |S| roco||c sys|cm |r|e|s.
||ne| comm|ss|on|n of ||l| sys|cm for 5 |m. s|rc|ch e| |ehe|eon.
|cvc|opmcn| of sof|verc for |n-s||u oc|cc||on of |urc|nc c|eoc ocfcc|s ,v||h b/|C).
4.0 Expenditure on R&D
S.N. Description Expenditure in (`/Crores)
2012-13 2011- 12
a) Cep||e| 1O.11 3.82
b) |ccurr|n 91.85 29.89
c) o|e| 1O1.9o 33.71
d) o|e| |&| cxpcno||urc es e pcrccn|ec of |o|e| |urnovcr O.1585% O.O551%
5.0 Technology Absorption, Adaptation and Innovation
|er||cu|ers of somc of |hc |mpor|en| |cchno|oy |mpor|co our|n |es| nvc ,5) ycers erc es fo||ovs:
S.No. Technology Year Stations
1 /oop||on of supcrcr|||ce| |cchno|oy |n
|erc s|zc un||s of 8OO V\
2O12 bc|n |mp|cmcn|co |n cu|| |cnocr procc|s of 8OO
V\ e| |uo|, |ere, |er||pe||| & Geoervere
2 Supcr cr|||ce| |cchno|oy v||h 25o |/
cm
2
S|cem |rcssurc eno 5o5/595 CVS/||
s|cem |cmpcre|urc |s cc|n eoop|co for
|mprovcmcn| |n |hcrme| cfnc|cncy eno
rcoucco cm|ss|on of rccn housc esscs.
2OO8-1O bc|n |mp|cmcn|co |n berh-ll eno e|so cc|n
|mp|cmcn|co |n 11 un||s of ooO V\ ,|n Veuoe,
Sho|epur, Vce, |ec|neer eno |ehune|hpur
p|en|) |hrouh cu|| |cnocr|n mcchen|sm & cc|n
|mp|cmcn|co for 8OO V\ un||s ,|uo|, |er||pe|||,
Gemere & |ere |hrouh cu|| |cnocr|n.
3 |cvc|opmcn| of lGCC |cchno|oy for h|h
esh lno|en coe| ,s)
2O1O / |cchno|oy ocmons|re||on p|en| of ecou| 1OO V\
cepec||y e| |eor| procc| |s cc|n p|ennco.
4 Commun|cec|c |umcr|ce| |c|ey
cchno|oy ,on l|C o185OO) e|on v||h
|c|vor||n Sys|cms |n|rooucco |n 33
|v/11 |v /o.o |v/3.3 |v eno |v Sys|cm
2OO9 lmp|cmcn|co e| |eor|-ll, |orce-lll & lGS||,
S|mheor|-ll. bc|n |mp|cmcn|co |n e|| ono|n
procc|s.
5 Sccurco & lmprovco |c|vor| ocs|n of
||CVlS hes cccn eoop|co. h|s sccurco
nc|vor| ocs|n hes cccn |ncorpore|co
|n |hc spcc|nce||ons e|on v||h nc|vor|
sccur||y po||c|cs & proccourcs, prov|s|on
of sccur||y euo||s eno spcc|e||zco |re|n|n.
2OO8 lncorpore|co |n |cchn|ce| spcc|nce||ons from
bone|eon onveros. |or cx|s||n procc|s, |hcsc
sccur||y po||c|cs & proccourcs hevc cccn c|rcu|e|co
|o e|| s||cs.
|e|co: 2
no
37
th
37
th
th
Annex-IV to Directors Report
STATEMENT PURSUANT TO SECTION 212 OF THE COMPANIES ACT, 1956 RELATING TO
SUBSIDIARY COMPANIES
NAME OF THE
SUBSIDIARY
NTPC
ELECTRIC
SUPPLY
COMPANY
LIMITED
NTPC VIDYUT
VYAPAR
NIGAM
LIMITED
NTPC
HYDRO
LIMITED*
KANTI BIJLEE
UTPADAN
NIGAM LIMITED
BHARTIYA
RAIL BIJLEE
COMPANY
LIMITED
1. ||nenc|e| ycer of |hc
Sucs|o|ery cnoco on
Verch 31,
2O13
Verch 31,
2O13
Verch 31,
2O13
Verch 31, 2O13 Verch 31,
2O13
2. |e|c from vh|ch |hcy
cccemc Sucs|o|ery
/uus| 21,
2OO2
|ovcmccr 1,
2OO2
|cccmccr
12, 2OO2
Scp|cmccr o,
2OOo
|ovcmccr 22,
2OO7
3. Sherc of |hc sucs|o|ery hc|o cy |hc
compeny es on Verch 31, 2O13
e) |umccr & fecc ve|uc
c) |x|cn| of ho|o|n
8O,91O cqu||y
shercs of `1O/-
cech
1OO%
2,OO,OO,OOO
cqu||y shercs
of `1O/- cech
1OO%
12,13,59,5OO
cqu||y shercs
of `1O/- cech
1OO%
35,71,51,233
cqu||y shercs of
`1O/- cech
o5%
5O,94,oO,OOO
cqu||y shercs
of `1O/- cech
74%
4. hc nc| erce|c emoun|
of |hc sucs|o|ery compen|cs
|ron|/,|oss) so fer es || conccrns
|hc mcmccr of |hc ho|o|n
compeny ,|n `)
e) |o| oce|| v||h |n |hc
ho|o|n compeny's
eccoun|s
|) |or |hc nnenc|e| ycer
cnoco Verch 31,
2O13
,24,58,o7,245) ,34,84,39,193) |l| ,8,38,8O,933.5O) ,12,15,94o.54)
||) 0p|o |hc prcv|ous
nnenc|e| ycers of |hc
sucs|o|ery compeny
52,5O,17,525 1,77,59,7o,299 |l| ,o,O4,87,423.75) ,38,94,OO2.84)
c) |ce|| v||h |n |hc ho|o|n
compeny's eccoun|s
,|) |or |hc nnenc|e| ycer
cnoco Verch 31,
2O13
||| ||| ,31,348) ||| |||
,||) |or |hc prcv|ous
nnenc|e| ycer of |hc
sucs|o|ery compeny
s|ncc |hcy cccomc |hc
ho|o|n compeny's
sucs|o|er|cs
||| ||| ,8,13,91,473) ||| |||
* hc boero of ||C, |n ||s Vcc||n hc|o on 1O.O5.2O12, hes epprovco |hc schcmc of eme|eme||on of ||C |yoro
||m||co v||h ||C ||m||co unocr Scc||on 391-394 of |hc Compen|cs /c|, 195o succc| |o |hc rcqu|s||c epprove|s
from V|n|s|ry of Corpore|c /ffe|rs, Shercho|ocrs eno S|oc| |xchencs. / Vcc||n of |hc shercho|ocrs of ||C eno
of |hc shercho|ocrs of ||C |yoro ||m||co ves hc|o on 24.O5.2O13 |n eccoroencc v||h |hc orocrs of |hc V|n|s|ry of
Corpore|c /ffe|rs. hc |ce| proccss of eme|eme||on |s |n prorcss.
|e|co: 2
no
37
th
Annual Report 2012-2013 9O 37
th
Annex- V to Directors Report
STATISTICAL DATA OF GRIEVANCE CASES
2012-2013
S.
No.
Particulars Public Grievance
Cases
Staff Grievances
Cases
1.
2.
3.
4.
Gr|cvencc cescs ou|s|eno|n e| |hc cc|nn|n of |hc ycer
Gr|cvencc cescs rccc|vco our|n |hc ycer
Gr|cvencc cescs o|sposco of our|n |hc ycer
Gr|cvencc cescs ou|s|eno|n e| |hc cno of |hc ycer
1
-
-
1
5
1
2
4
|e|co: 2
no
Annex-VI to Directors Report
STASTICAL INFORMATION ON RESERVATION OF SCs/STs FOR THE YEAR 2012.
Representation of SCs/STs as on 01.01.2013:
Group Employees on Roll SCs %age STs %age
/ 14,238 1,755 12.33 o13 4.31
b 5,oo1 98o 17.42 421 7.44
C 4,871 811 1o.o5 318 o.53
| 8o8 21o 24.88 13O 14.98
Total* 25,o38 3,7o8 14.7O 1,482 5.78
* hc ecovc oe|e |s |nc|us|vc of menpovcr pos|co e| !vs eno Sucs|o|er|cs eno menpovcr of |e|cn ovcr procc|s.
Recruitment of SCs/STs during the year 2012:
Group Total Recruitment SCs %age STs %age
/ 4o7 7O 14.99 42 8.99
b - - - - -
C 23 2 8.7O - -
| - - - - -
Total 490 72 14.69 42 8.57
Promotions of SCs/STs during the year 2012:
Group Total SCs %age STs %age
/ 2,7O4 422 15.o1 152 5.o2
b 1,741 328 18.84 57 3.27
C 1,141 177 15.51 53 4.o5
| 41 7 17.O7 3 7.32
Total 5,627 934 16.60 265 4.71
|e|co: 2
no
37
th
th
Annex- VII to Directors Report
INFORMATION ON PHYSICALLY CHALLENGED PERSONS
\||h e v|cv |o focus on ||s ro|c es e soc|e||y rcspons|c|c eno soc|e||y consc|ous oren|ze||on, your Compeny hes cnocevorco
|o |e|c rcspons|c||||y for eocque|c rcprcscn|e||on of |hys|ce||y Che||cnco |crsons ,|C|) |n ||s vor|forcc. \||h |h|s |n v|cv,
|hc Compeny |eunchco e mess|vc rccru||mcn| or|vc |o me|c up |hc shor|fe|| of |C|. |rcscn||y, 472 |C| ,97 v|, 1O4 || eno
271 O|) erc on ro||s of ||C. |cscrve||on hes cccn prov|oco for || es pcr ru|cs/po||cy. Somc of |hc o|hcr |n|||e||vcs |e|cn
for |hc vc|ferc of |C| cy ||C ovcr |hc ycers erc es unocr:
|or |no|v|oue| nccos of |hc v|sue||y |empcrco cmp|oyccs, scrccn rceo|n sof|verc eno bre|||c shor|heno mech|ncs, meoc
eve||ec|c cy |hc |rocc|s of ||C. / vccs||c hes cccn meoc |C| fr|cno|y, per||cu|er|y for |ov v|s|on |mp|oyccs.
S|n |enuec' |re|n|n for |hc cmp|oyccs |n cncre|.
Chencs |n |hc cx|s||n cu||o|n hevc cccn/ erc cc|n meoc |o prov|oc cerr|cr frcc ecccss |o phys|ce||y che||cnco.
|emps hevc e|so cccn prov|oco for unhempcrco movcmcn| of vhcc| che|rs.
/| mos| of |hc ||C |rocc|s, vhcrcvcr houscs erc |oce|co |n mu|||-s|or|co s|ruc|urcs, e||o|mcn|s |o |C| hes cccn meoc
on |hc rouno noor.
Spcc|e| per||n cnc|osurc ncer |hc remp e| |hc ofncc cn|rencc es vc|| es |hys|ce||y |eno|ceppco fr|cno|y |o||c| eno ||f|
e| CC eno |rocc|s.
\hcc| che|rs hevc cccn prov|oco |o cmp|oyccs v||h or|hopeco|cs o|sec|||||cs. lf rcqu|rco, |hc ess|s|encc of en
e||cnoen| hes e|so cccn senc||onco.
\hcrcvcr rcqu|rco, e|cs/ ooor of |hc quer|cr hevc cccn v|ocnco.
/| CC procurcmcn| of s|e||oncry ||cms |||c n|cs, cnvc|opcs erc me|n|y cc|n oonc from |GOs/ /cnc|cs |||c /||l,
V0S|/|, b||no |c||cf /ssoc|e||on vho erc vor||n for phys|ce||y che||cnco |hcrccy crce||n |no|rcc| cmp|oymcn|.
|e|n||ns meoc cy o|sec|co pcrsons hevc e|so cccn procurco eno p|ecco e| o|ffcrcn| |oce||ons |n |hc Compeny Ofnccs.
Vco|ce| cemps hevc cccn oren|zco |n ver|ous procc|s of |hc Compeny for |rce|mcn| eno o|s|r|cu||on of e|os |||c
er||nc|e| ||mcs, |r|cyc|cs, vhcc|che|rs, ce||pcrs c|c.
Shops hevc cccn e||o||co |n ovnsh|p |o |C| so |he| |hcy mey cern |hc|r ||vc||hooo. S|m||er|y, |COs v||h|n/ ou|s|oc p|en|
prcm|scs erc e|so e||o||co |o |C|.
|cu|er |n|crec||vc mcc||ns erc cc|n oren|zco v||h phys|ce||y che||cnco cmp|oyccs.
re|n|n nccos erc cc|n fu|n||co es pcr |hc |no|v|oue| rcqu|rcmcn|.
9 numccr of Scho|ersh|ps `1,5OO/- pcr mon|h/ pcr s|uocn| erc |vcn |o || s|uocn|s pursu|n Vb// |G|bV/|crcc
|n |n|nccr|n Courscs.
|c||y con|rec|s |||c coo| c|no|n, scr|cc||n peo prcpere||on from ves|c pepcr, n|c c|no|n, furn||urc rcpe|r, scrccn
pr|n||n, sp|re| c|no|n, pe|n||n con|rec| erc e|so cc|n |vcn |o o|sec|co pcrsons.
|hys|ce||y che||cnco ,Or|hopco|ce||y |eno|ceppco) cmp|oyccs hevc cccn e||ovco |o purchesc e |hrcc vhcc|cr
vch|c|c v||h e heno n||co cn|nc ee|ns| |hc|r norme| cn||||cmcn| ,eovencc for scoo|cr/ mo|orcyc|c/ mopco) unocr
||C Convcyencc /ovencc |u|cs.
/| e|| |rocc|s/ Ofnccs, |ooe| Ofnccrs ,|hys|ce||y Che||cnco) hevc cccn nom|ne|co.
|c|mcurscmcn| |overos |ov v|s|on e|os, oer| |esscs c|c. succc| |o mex|mum of `1,OOO/- cvcry ycer hes cccn
|n|rooucco. S|m||er|y hcer|n e|o, cch|no |hc cer mooc| for cech cer rcs|r|c|co |o `1O,OOO/- or ec|ue| cos| vh|chcvcr
|s |ovcr hes cccn |n|rooucco. l| mey cc rcp|ecco cvcry four ycers succc| |o ccr||nce|c of conocmne||on cy ||
Spcc|e||s|.
|c|exe||on |n que||fy|n mer|s for opcn rccru||mcn|: pess mer|s on|y eno e|so 1O% rc|exe||on |n vr|||cn |cs| eno |n|crv|cv
from |hc ycer-2OO2 onveros.
hc m|n|mum pcrformencc |cvc| mer|s for promo||ons v||h|n |hc c|us|cr |s rc|exco cy 3 mer|s |n cesc of cmp|oyccs
cc|on|n |o SC/ S/ |hys|ce||y Che||cnco ce|cory.
|e|co: 2
no
37
th
Annex-VIII to Directors Report
UNGC Communication on Progress
||C cxprcsscs ||s con||nuco suppor| for |hc G|oce| Compec| eno ||s comm||mcn| |o |e|c ec||on |n |h|s rcero, es ves commun|ce|co
cy |hc Che|rmen & Vene|n ||rcc|or, ||C |n h|s |c||cr oe|co Vey 29, 2OO1 eoorcssco |o Sccrc|ery Gcncre|, 0n||co |e||ons.
||C hes pos|co |hc cr|cf of G|oce| Compec| ,GC) eno ||s comm||mcn| |o |hc pr|nc|p|cs of GC on ||s vccs||c e| vvv.n|pc.co.|n . hc
pr|nc|p|cs of GC vcrc commun|ce|co |o e|| cmp|oyccs |hrouh |n housc meez|ncs, |n|crne| |re|n|n proremmcs eno pos|crs. ||C,
e corc mcmccr of G|oce| Compec| |c|vor| ,GC|), lno|e, ,formcr|y |novn es G|oce| Compec| Soc|c|y) ec||vc|y per||c|pe|co |n |hc
mon|h|y mcc||ns, Govcrn|n Counc|| Vcc||ns eno /nnue| Convcn||on of |hc G|oce| Compec| |c|vor| e| |cv |c|h|.
||C hes rc|cesco ||s Sus|e|nec||||y |cpor| |ovcr|n v||h cerc ...' for |hc ycer 2O11-12 v||h ||C's Sus|e|nec|c |ncry |cvc|opmcn|
v|s|on of 'Go|n ||hcr on Gcncre||on, |ovcr|n G|G |n|cns||y', |hc rcpor| |s e s|cp |overos sus|e|n|n rccncr cnv|ronmcn|, conscrv|n
ne|ure| rcsourccs such es cncry, ve|cr c|c. eno compeny's comm||mcn| |overos Corpore|c Govcrnencc eno Soc|e| |cspons|c||||y.
Sc|f occ|erco b+ rcpor| eno |n eccoroencc v||h |hc G|oce| |cpor||n ln|||e||vc ,G|l) G3.O u|oc||ncs. hc rcpor| hes cccn cx|crne||y
essurco cy |hc essurencc prov|ocr, V/s ||v /S, es pcr |hc essurencc s|enoero //1OOO.
Human Rights: Principle 1-2
||C, e soc|e||y rcspons|c|c Corpore|c C|||zcn s|ncc ||s |nccp||on, s|er|co ||s Commun||y |cvc|opmcn| |n|||e||vcs |n |hc form of |&|
prorem vh|ch e|m |o |mprovc |hc ovcre|| cconom|c s|e|us of pcrsons o|sp|ecco or o|hcrv|sc effcc|co cy our procc|s. |ech |&|
proremmc |s cesco on spcc|nc |oce| rcqu|rcmcn|s eno |s u|oco cy cx|cns|vc soc|o-cconom|c survcys.
||C rccon|zco |o con||nuc commun||y eno pcr|phcre| ocvc|opmcn| vor|s |hrouh Commun||y |cvc|opmcn| ,C|) |o||cy vhcrc |hc
semc vcrc c|osco unocr |&| po||cy. ||C rcv|sco ||s C| po||cy |n /uus| 2O1O, |ccp|n |n v|cv |hc chenco bus|ncss cnv|ronmcn|,
G|oce| prec||ccs eno u|oc||ncs |ssuco from |||, V|n|s|ry of |cevy lnous|ry & |uc||c |n|crpr|scs. ln ||nc v||h |hc C| |o||cy, ||C |e|cs
up ec||v|||cs e| S|e||on |cvc| eno |c|one|/ |e||one| |cvc| v||h|n |hc |ocn||nco bes|c| of /c||v||y.
ln |hc erce of couce||on, fo||ov|n ec||v|||cs vcrc unocr|e|cn:
- ||nenc|e| suppor| for cons|ruc||on of |n|nccr|n Co||cc |n |orce.
- lmprovcmcn| |n eoop|co lls e| ver|ous procc|s
- |urchesc of cqu|pmcn|s e| schoo|s
- Cons|ruc||on of |r|s |o||c|s e| pr|mery schoo|s
- ||s|r|cu||on of so|er |emps |o ecou| 9OO mcr||or|ous v|||ec s|uocn|s
- ver|ous o|hcr couce||on rc|e|co ec||v|||cs |n morc |hen 35O v|||ec schoo|s |||c o|s|r|cu||on of scho|ersh|ps, un|forms eno
ocvc|opmcn| of essc|s eno |nfres|ruc|urc suppor| |o s|uocn|s
- lnforme||on eno Commun|ce||on cchno|oy ,lC) ccn|crs cs|ec||shco cy ||C |ounoe||on e| |c|h| 0n|vcrs||y eno e| Geuhe||
0n|vcrs||y, Guvehe|| for prov|o|n l couce||on |o phys|ce||y & v|sue||y che||cnco s|uocn|s, ccncn|co epprox 174 s|uocn|s
our|n 2O12-13. / ncv lC Ccn|rc hes cccn s|er|co e| |cv| /h||ye v|shvev|oye|eye, lnoorc.
- /c||v|||cs |o ccncn| phys|ce||y che||cnco pcrsons |||c o|s|r|cu||on of orcss, ces s|uoy me|cr|e|, rc|mcurscmcn| of schoo| fccs
c|c., o|s|r|cu||on of |r|cyc|cs eno prov|o|n mco|ce| epp||enccs vcrc |e|cn up cy S|e||ons.
- 23 schoo|s run cy ||C prcoom|ne|c|y for commun||y ccncn|co morc |hen 2O,OOO s|uocn|s of nc|hcourhooo commun||y.
ln orocr |o me|c |hc you|hs sc|f-rc||en|, |hc fo||ov|n ec||v|||cs vcrc unocr|e|cn:
- voce||one| |re|n|n prorems |o me|c you|h sc|f-rc||en| such es Compu|cr |re|n|n, Vo|or |r|v|n, Gcncre| ||cc|r|ce| |cpe|r|n,
moc||c rcpe|r|n, n||cr, rcfr|cre||on & e|r cono|||on|n rcpe|r, mesonry, shu||cr|n c|c. for you|h eno ver|ous Coech|n C|esscs c|c.
for v|||ec ch||orcn.
- lmp|cmcn|e||on of |hc procc| lmprovcmcn| |n Oue|||y of ||fc of rure| poor |o crce|c sc|f- rc||encc cy |ncrces|n per||c|pe||on |n
Commun||y |cvc|opmcn| \or|' erouno |ehe|eon S|e||on |hrouh ||she.
- ver|ous voce||one| |re|n|n proremmcs for vomcn |n |hc nc|hcourhooo v|||ecs of ||s s|e||ons |nc|uo|n |rcss |cs|n|n,
bceu||c|en, |mcro|ocry, |e|r & S||n cerc c|c. for vomcn cmpovcrmcn|.
- S|||| upreoe||on prorems |n scv|n for vomcn popu|e||on |n |hc nc|hcorhooo v|||ecs |o promo|c sc|f-cmp|oymcn| conouc|co
cy S|e||ons |nc|uo|n prov|o|n scv|n mech|ncs covcrco morc |hen oOO vomcn.
ln |hc erce of |nfres|ruc|urc, |hc fo||ov|n ec||v|||cs vcrc unocr|e|cn:
- lns|e||e||on of 1O ||h Ves| ||h|s |n bcrhemporc o|s|r|c| of \cs| bcne|
- So|er |ovcr Sys|cm |n |hrcc mun|c|pe| corpore||ons of |eccerc||, becherven eno |e|en of |eccerc|| ||s|r|c|
- lns|e||e||on of 3o so|er s|rcc| ||h|s e| o|ffcrcn| |oce||on |n |hc berecen|| o|s|r|c| of 0||er |reocsh |s |n prorcss
- lns|e||e||on of 27 no. of heno pumps comp|c|co |n ||s|r|c| |henceo of !her|heno
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37
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- Cons|ruc||on of 24 pe|chcs of ccmcn| concrc|c roeos |o|e||n |o ecou| 2.5 |m |n ver|ous v|||ecs |n ||s|r|c| Chh|novere, Veohye
|reocsh
- Cons|ruc||on of roeo, sen||e||on, or|n||n ve|cr eno c|cc|r|ce| ||h|n|n vor| |n o v|||ecs, 3 cech |n bhee|pur eno Goooe ||s|r|c|s
cy |ehe|eon |rocc|.
ln |hc erce of hce||h, |hc fo||ov|n ec||v|||cs vcrc unocr|e|cn:
- ||sec||||y |chec||||e||on Ccn|crs ,||Cs) e| enoe, ||heno, |orce, |eor| eno bone|eon cs|ec||shco |n co||ecore||on v||h ||C
|ounoe||on eno |e||one| lns|||u|c for |hc Or|hopeco|ce||y |eno|ceppco ,|lO|), unocr |hc V|n|s|ry of Soc|e| !us||cc eno
|mpovcrmcn|, Govcrnmcn| of lno|e ccncn|co ecou| 42OO phys|ce||y che||cnco pcop|c our|n 2O12-13.
- Opcre||one| Voc||c |ce||h C||n|c fec||||y cy S|e||ons |o prov|oc que|||y hce||h cerc e| |hc ooors|cp of nc|hcourhooo v|||ecs.
- Conouc||n morc |hen 7O mco|ce| cemps of ver|ous |ypcs for |oce| v|||ecs |nc|uo|n |hosc for oc|cc||on eno |rce|mcn| of
rcsp|re|ory o|scescs |||c b eno |un cenccr, cyc chcc| up cemps eno cncre| hce||h chcc|ups. |ur|n |hc cemps morc |hen 2,1OO
surcr|cs of ver|ous ne|urcs vcrc pcrformco.
- /c||v|||cs |||c fo|n, sprey|n en|| |erve sprey eno |o suppor| for |ce||h lnfres|ruc|urc vcrc |e|cn up |n ecou| 2OO v|||ecs our|n
|hc ycer.
- ||C cx|cnoco suppor| cy prov|o|n csscn||e| orus |o S|e|c Govcrnmcn|, Oo|she |o mcc| mco|ce| cmcrcnc|cs our|n cnsu|n
monsoon.
- ||rcc||y Ocscrvco rce|mcn| cum |cs|ne|co V|croscopy Ccn|rc ,|O cum |VC) v||h Voc||c emcu|encc fec|||||cs cc|n run cy
12 ||C hosp||e|s |hrouh ||C |ounoe||on unocr |cv|sco |e||one| uccrcu|os|s Con|ro| |roremmc ,||C|) |he| ce|cr |o v|||ecs
up |o 25-3O |m ccncn|co ecou| 5,55O pcop|c our|n 2O12-13.
||C cmp|oyccs per||c|pe|co |n ver|ous ec||v|||cs |hrouh |mp|oycc vo|un|ery Oren|ze||on for ln|||e||vc |n Commun||y |mpovcrmcn|
,|vOlC|).
||C heo s|nco e VO0 v||h /rchco|o|ce| Survcy of lno|e ,/Sl) eno |e||one| Cu||urc |uno ,|C|) for nnenc|e| suppor| for prcscrve||on
eno conscrve||on of roup of 3 monumcn|s ,Group of Vonumcn|s, Venou ,V|), |xceve|co s||c e| v||remsh||e ,b|her), eno /rcheco|o|ce|
s||c, |e||||r| / |heu|| ,Oo|she).hc prcscrve||on & conscrve||on vor|s erc |n prorcss e| Group of Vonumcn|s, Venou. |or o|hcr |vo
s||cs, p|ens hevc cccn prcperco & vor| v||| s|er| soon.
Labour Standard: Principle 3-6
|or eoorcss|n |hc |ssuc of |ecour s|enoero |n comprchcns|vc menncr, ||C hes occ|oco |o eoop| |n|crne||one| s|enoeros |||c S/-8OOO
eno O|S/S-18OO1.
13 ||C S|e||ons hes cccn eccrco||co for S/ 8OOO |n prcv|ous ycers. |ur|n |hc ycer 2O12-13, !henor Genoher eno |C|| |eor| s|e||ons
of ||C o| rcve||oe|co for S/ 8OOO. |cve||oe||on for |hc semc |s unocr proccss e| /ure|ye, S|nreu|| eno 0ncheher. Survc|||encc euo||
for S/ 8OOO /ccrco||e||on hes cccn cerr|co ou| cy /n|e, /ure|ye, beoerpur, |ere||e, |eyem|u|em, |C|| |eor|, |emeunoem, ||heno
& S|mheor|.
Environment: Principle 7-9
||C s|ncc |nccp||on hes cccn proec||vc |n eoorcss|n cnv|ronmcn|e| conccrns. ||C hes |ocn||nco |nv|ronmcn| Venecmcn| es e
|hrus| erce |o ech|cvc cxcc||cncc eno e|ms |o s|rcn|hcn ||s pos|||on es e |ceocr |n cnv|ronmcn| pro|cc||on erce. o mcc| |hc cnv|ronmcn|e|
che||cncs of 21
s|
ccn|ury eno ccyono, vc hevc eoop|co souno cnv|. menecmcn| prec||ccs eno eovencco cnv|ronmcn| pro|cc||on
sys|cm |o m|n|m|zc |mpec| of povcr cncre||on on cnv|ronmcn|. /|| ||C un||s hevc cccn lSO 14OO1 ccr||nco cy rcpu|co |e||one|/
ln|crne||one| ccr||fy|n ecnc|cs.
hc oc|e||s of |hc |n|||e||vcs unocr|e|cn cy |hc Compeny erc |vcn unocr |hc |ceo|n '|nv|ronmcn| Venecmcn| - |n|||e||vcs for
prcscrv|n cnv|ronmcn|' |n |hc ||rcc|ors' |cpor|.
Anti-corruption: Principle 10
hc Compeny hes e v|||encc |cper|mcn| hceoco cy Ch|cf v|||encc Ofnccr vho |s e nom|ncc of |hc Ccn|re| v|||encc Comm|ss|on.
hc v|||encc |cper|mcn| cons|s||n of |our 0n||s, nemc|y Corpore|c v|||encc Cc||, |cper|mcn|e| |roccco|n Cc|| ,||C), VlS Cc||
eno cchn|ce| Cc|| ,C). hcsc un||s oce| v||h ver|ous fecc|s of v|||encc Vcchen|sm. |xc|us|vc eno |nocpcnocn| func||on|n of |hcsc
0n||s cnsurc |renspercncy, occc||v||y eno que|||y |n v|||encc func||on|n. hc v|||encc |cper|mcn| sucm||s ||s rcpor|s |o Compc|cn|
/u|hor||y |nc|uo|n |hc boero of ||rcc|ors. hc CvO e|so rcpor|s |o |hc Ccn|re| v|||encc Comm|ss|on es pcr |hc|r norms.
hc oc|e||s erc |vcn unocr |hc |ceo|n 'v|||encc' |n |hc ||rcc|ors |cpor|.
|e|co: 2
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Annex-IX to Directors Report
The quantity of ash produced, ash utilized and percentage of such utilization during 2012-13
from NTPC Stations is as under:
Sl. No. Stations Ash Produced Ash Utilization % Utilization
Lakh MTs Lakh MTs %
1 beoerpur 12.O2 1O.41 8o.o1
2 |eor| 27.44 23.8O 8o.73
3 S|nreu|| 37.77 22.oo 59.99
4 ||heno 34.89 19.71 5o.49
5 0ncheher 24.54 15.33 o2.47
o enoe 11.5o 7.33 o3.41
7 |orce o4.39 24.18 37.55
8 v|nohyeche| o9.35 4o.13 oo.52
9 S|pe| 41.7o 8.o2 2O.o4
1O |emeunoem 45.21 3O.52 o7.51
11 S|mheor| 32.25 19.oO oO.78
12 |ere||e 3o.47 33.34 91.42
13 |ehe|eon 45.o3 1O.22 22.4O
14 e|chcr-hcrme| 12.35 12.35 1OO.OO
15 e|chcr-|en|he o7.2o 25.5O 37.91
Total 562.89 309.70 55.02
|e|co: 2
no
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Annex-X to Directors Report
NTPC BUSINESS RESPONSIBILITY REPORT-2012-13
Section A : General Information about the company
1. CIN (Corporate identity number) |4O1O1||1975GOlOO79oo
2. Name of the company ||C ||m||co
3. Registered address ||C bheven, Scopc Comp|cx, 7, lns|||u||one| /rce, |ooh|
|oeo, |cv |c|h|-11OOO3
4. Website vvv.n|pc.co.|n
5. Email id e|res|o|n|pc.co.|n
6. FY reported 2O12-13
7. Sector that company is engaged in : Power
8. Product/services that the company manufacturers /provides (as in balance sheet):
|. Gcncre||on of ||cc|r|c||y
||. Consu||ency
9. Total number of location where business activity is undertaken by the company:
|. ln|crne||one| |oce||ons - O3 nos
e. r|ncome|cc |ovcr |rocc|, Sr||en|e
c. |ovcr |rocc| e| |hu|ne, ben|eocsh
c. S|ooh|ren, ben|eocsh
||. |e||one| |oce||ons - 55 nos.
10. Markets served by the company : |e||one| & ln|crne||one|
Section B : Financial details of the company
1. |e|o up cep||e| ,` Crorc ) ` 8,245.4o Cr.
2. o|e| |cvcnuc , ` Crorc) ` o8,775.51 Cr.
3. o|e| pron| ef|cr |excs , ` Crorc) ` 12,o19.39 Cr.
4. o|e| spcno|n on CS| eno Sus|e|nec|c |cvc|opmcn| ,S|)
es % of |/ ,%)
,CS| : ` o9.24 Cr.+S| : ` 1O.29 Cr.)
` 79.53 Cr. ,O.o3 %)
5. ||s| of ec||v|||cs |n vh|ch cxpcno||urc |n 4 ecovc hes cccn
|ncurrco
Areas of CSR Activities :
- |ouce||on eno evercncss crce||on
- voce||one| re|n|n eno S|||| up-reoe||on
- |ce||h eno Sen||e||on
- Conouc||n Vco|ce| cemps
- /c||v|||cs for phys|ce||y che||cnco
- \omcn |mpovcrmcn|
- |oeos eno lnfres|ruc|urc ocvc|opmcn|
- |r|n||n \e|cr
- /n|me| |ce||h
- Spor|s eno Cu||urc
Areas of SD Activities :
- rcc ||en|e||on
- S|ec| S|V rcouc||on
- lns|e||e||on of b|o-mc|hene||on p|en|s
- |nv|ronmcn|e| S|uo|cs
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Section C: Other Details
Subsidiaries : hc compeny hes |hc fo||ov|n nvc Sucs|o|ery Compen|cs es on 31-O3-2O13 :
|. ||C ||cc|r|c Supp|y Compeny ||m||co
||. ||C v|oyu| vyeper ||em ||m||co
|||. bher||ye |e|| b||cc Compeny ||m||co
|v. |en|| b||cc 0|peoen ||em ||m||co
v. ||C |yoro ||m||co*
*||C |yoro ||m||co |s cc|n mcrco v||h ||C ||m||co
hc bus|ncss |cspons|c||||y ln|||e||vcs of |hc percn| compeny erc epp||cec|c |o |hc sucs|o|ery compen|cs e|so. |ovcvcr,
nonc of |hc cn||||cs |he| |hc Compeny oocs cus|ncss v||h, per||c|pe|c |n |hc b| |n|||e||vcs of |hc Compeny.
Section D: BR information
1. Individual Directors responsible for implementation of the BR policy/policies:
Principle No Description Policy / Policies Director(s)
Responsible
Principle 1
(P1)
bus|ncsscs shou|o conouc| eno ovcrn
|hcmsc|vcs v||h ||h|cs, renspercncy eno
/ccoun|ec||||y.
1. Cooc of Conouc|*
2. Corc ve|ucs
3. |reuo |rcvcn||on |o||cy
/|| ||rcc|ors & Ch|cf
v|||encc Ofnccr
Principle 2
(P2)
bus|ncsscs shou|o prov|oc ooos eno scrv|ccs
|he| erc sefc eno con|r|cu|c |o sus|e|nec||||y
|hrouhou| |hc|r ||fc cyc|c.
1. Sefc|y |o||cy
2. Sus|e|nec|c
|cvc|opmcn| ,S|) |o||cy
||rcc|or ,cchn|ce|)
Principle 3
(P3)
bus|ncsscs shou|o promo|c |hc vc||-cc|n of
e|| cmp|oyccs.
|umen |csourcc ,||)
|o||c|cs
||rcc|or ,||)
Principle 4
(P4)
bus|ncsscs shou|o rcspcc| |hc |n|crcs|s of,
eno cc rcspons|vc |overos e|| s|e|cho|ocrs,
cspcc|e||y |hosc vho erc o|seoven|eco,
vu|ncrec|c eno mer|ne||zco.
1. |&| |o||cy
2. Commun||y |cvc|opmcn|
,C|) |o||cy
3. || |o||c|cs
||rcc|or ,||)
Principle 5
(P5)
bus|ncsscs shou|o rcspcc| eno promo|c
humen r|h|s.
|| |o||c|cs ||rcc|or ,||)
Principle 6
(P6)
bus|ncsscs shou|o rcspcc|, pro|cc|, eno me|c
cffor|s |o rcs|orc |hc cnv|ronmcn|.
1. |nv|ronmcn| |o||cy
2. S| |o||cy
||rcc|or ,cchn|ce|)
Principle 7
(P7)
bus|ncsscs, vhcn cneco |n |nnucnc|n
puc||c eno rcu|e|ory po||cy, shou|o oo so |n
e rcspons|c|c menncr.
1. Cooc of Conouc|*
2. Corc ve|ucs
/|| ||rcc|ors
Principle 8
(P8)
bus|ncsscs shou|o suppor| |nc|us|vc rov|h
eno cqu||ec|c ocvc|opmcn|.
1. |&| |o||cy
2. Commun||y |cvc|opmcn|
,C|) |o||cy
||rcc|or ,||)
Principle 9
(P9)
bus|ncsscs shou|o cnec v||h eno prov|oc
ve|uc |o |hc|r cus|omcrs eno consumcrs |n e
rcspons|c|c menncr.
Commcrc|e| sys|cms &
|roccourcs
||rcc|or
,Commcrc|e|)
* Cooc of Conouc| for boero Vcmccrs & Scn|or Venecmcn| |crsonnc|
2. Details of Director/ Directors responsible for BR as a whole
a. Details of the Director/ Directors responsible for implementation of the BR Policy/ policies:
i. DIN Number : OOo599O8
ii. Name : |r. /rup |oy Chouohury
iii. Designation : Che|rmen & Vene|n ||rcc|or
iv. Telephone Number : O11-243oOO44
v. Email-id: : cmon|pc.co.|n
b. Details of the BR Head : Semc es ecovc
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37
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3. Principle wise reply to each question on BR Policy / Policies :
Question P1 P2 P3 P4 P5 P6 P7 P8 P9
1. |o you hevc e po||cy/ po||c|cs for |hc |r|nc|p|c ..... Y Y Y Y Y Y Y Y |
2. |es |hc po||cy cc|n formu|e|co |n consu||e||on v||h |hc
rc|cven| s|e|cho|ocrs?
Y Y Y Y Y Y Y Y -
3. |ocs |hc po||cy conform |o eny ne||one| /|n|crne||one|
s|enoeros?
Y Y Y Y Y Y Y Y -
4.1 |es |hc po||cy cc|n epprovco cy |hc boero? Y Y Y Y Y Y Y Y -
4.2 lf ycs, hes || cccn s|nco cy V|/ovncr/C|O/eppropr|e|c
boero ||rcc|or?
| | | | | | | | -
5. |ocs |hc compeny hevc e spcc|nco comm|||cc of |hc
boero/ ||rcc|or/ Ofnc|e| |o ovcrscc |hc |mp|cmcn|e||on of
|hc po||cy?
Y Y Y Y Y Y Y Y -
o. lno|ce|c |hc ||n| for |hc po||cy |o cc v|cvco on||nc? ,|) ,|) ,||) ,|) ,||) ,|) ,|) ,|) -
7. |es |hc po||cy cccn forme||y commun|ce|co |o e|| rc|cven|
|n|crne| eno cx|crne| s|e|cho|ocrs?
Y Y Y
$
Y Y
$
Y Y Y -
8. |ocs |hc compeny hevc |n-housc s|ruc|urc |o |mp|cmcn|
|hc po||cy/ po||c|cs?
Y Y Y Y Y Y Y Y -
9. |ocs |hc Compeny hevc e r|cvencc rcorcsse| mcchen|sm
rc|e|co |o |hc po||cy / po||c|cs |o eoorcss s|e|cho|ocrs'
r|cvenccs rc|e|co |o |hc po||cy / po||c|cs?
Y Y Y Y Y Y Y Y -
1O. |es |hc compeny cerr|co ou| |nocpcnocn| euo|| /
cve|ue||on of |hc vor||n of |h|s po||cy cy en |n|crne| or
cx|crne| ecncy?
Y Y Y Y Y Y Y Y -
$
Commun|ce|co |o ln|crne| S|e|cho|ocrs on|y.
,|) \cc ||n|s for |hc |o||c|cs :
e. Cooc of Conouc| & Corc ve|ucs :
vvv.n|pc.co.|n/|mecs/con|cn|/|nvcs|ors/Cooc_of_Conouc|_for_boero2O12.pof
c. |&| |o||cy :
vvv.n|pc.co.|n/|mecs/con|cn|/corpore|c_c|||zcnsh|p/||C_|&|_|o||cy_2O1O.pof
c. CS|-C| |o||cy :
vvv.n|pc.co.|n/|mecs/con|cn|/corpore|c_c|||zcnsh|p/CS|-C|-|o||cy-2O1O.pof
o. Sus|e|nec|c |cvc|opmcn| ,S|) |o||cy :
vvv.n|pc.co.|n/|mecs/con|cn|/corpore|c_c|||zcnsh|p/Sus|e|nec|c|cvc|opmcn||o||cy/||C-S||o||cy.pof
c. |reuo |rcvcn||on |o||cy : vvv.n|pc|cnocr.com/ecou|/|reuo|o||cy.esp
,||) |o||c|cs no| hos|co on vcc :
e. |nv|ronmcn| |o||cy : |o||cy |s |n hero copy on|y eno no| hos|co on vcc. |ovcvcr, |r|nc|p|cs of |nv|ronmcn|
|o||cy hevc cccn |vcn on |hc vccs||c vvv.n|pc.co.|n unocr |nv|ronmcn| |ceo.
c. Sefc|y |o||cy & || |o||c|cs : /ve||ec|c for |n|crne| s|e|cho|ocrs on|y eno no| hos|co on vcc.
4. If answer against any principle is No, please explain why:
|r|nc|p|c 9 : /|| |hc suc-pr|nc|p|cs |ocn||nco unocr pr|nc|p|c -9 erc ou|y fo||ovco cy ||C |hrouh ||s commcrc|e|
sys|cms eno proccourcs. |ovcvcr, ||C fcc|s |he| e scpere|c |o||cy on |r|nc|p|c -9 |s no| rcqu|rco ccceusc :
- ||C supp||cs povcr |o |hc cu|| cus|omcrs v|z. S|e|c ||cc|r|c||y ||s|r|cu||on Compen|cs, meor||y of vh|ch erc
ovnco cy rcspcc||vc S|e|c Govcrnmcn|s.
- /||oce||on of povcr |s meoc cy V|n|s|ry of |ovcr cesco on ccr|e|n po||c|cs eno u|oc||ncs.
- |ovcr er|ff |s oc|crm|nco cy Ccn|re| ||cc|r|c||y |cu|e|ory Comm|ss|on ,C||C) cne|n e|| s|e|cho|ocrs.
- lssucs, |f eny, erc o|scussco eno rcso|vco |n common forums |||c |c|one| |ovcr Comm|||ccs, vhcrc cus|omcr
oren|se||ons eno cncre|ors erc mcmccrs.
37
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5. Governance related to BR
|. lno|ce|c |hc frcqucncy v||h vh|ch |hc boero
of ||rcc|ors, Comm|||cc of |hc boero or C|O
|o esscss |hc b| pcrformencc of |hc Compeny.
\||h|n 3-o mon|hs
||. |ocs |hc Compeny puc||sh e b| or e
Sus|e|nec||||y |cpor|? \he| |s |hc hypcr||n|
for v|cv|n |h|s rcpor|? |ov frcqucn||y || |s
puc||shco?
hc Compeny hes puc||shco ||s Sus|e|nec||||y |cpor| for |hc ||nenc|e| /cer
2O11-12 eno |n|cnos |o puc||sh || ennue||y. hc hypcr||n| |o |hc rcpor| |s :
h||p://vvv.n|pc.co.| n/| mecs/con|cn|/corpore|c_c| || zcnsh| p/
Sus|e|nec|c|cvc|opmcn||o||cy/sus|e|nec||||yrcpor|11-12.pof
Section E: Principle wise performance
Principle 1: Businesses should conduct and govern themselves with Ethics, Transparency and Accountability
1. |ocs |hc po||cy rc|e||n |o c|h|cs, cr|ccry eno corrup||on covcr on|y |hc compeny? |ocs || cx|cno |o |hc Group/
!o|n| vcn|urcs/ Supp||crs/ Con|rec|ors/ |GOs / O|hcrs?
|. Cooc of Conouc| for boero Vcmccrs & Scn|or Venecmcn| |crsonnc| covcr e|| |hc ||rcc|ors eno Scn|or
Venecmcn| |crsonnc| of |hc Compeny.
||. |reuo |rcvcn||on |o||cy epp||cs |o eny freuo, or suspcc|co freuo |nvo|v|n cmp|oyccs of ||C es vc|| es
rcprcscn|e||vcs of vcnoors, supp||crs, con|rec|ors, consu||en|s, scrv|cc prov|ocrs or eny ou|s|oc ecncy ,|cs)
oo|n eny |ypc of cus|ncss v||h ||C.
|||. Conouc|, ||sc|p||nc eno /ppce| |u|cs ,C|/ |u|cs) erc epp||cec|c |o e|| cmp|oyccs of ||C eno cmp|oyccs of
||C pos|co |n !vs/ Sucs|o|er|cs.
|v. lns|ocr reo|n Cooc |s epp||cec|c |o ocs|ne|co cmp|oyccs of |hc Compeny.
v. |ovcvcr |n ||nc v||h ||C, |G||| eno ||C|, !vs of ||C hevc e|so eoop|co |reuo |rcvcn||on |o||cy eno C|/ ru|cs.
2. |ov meny s|e|cho|ocr comp|e|n|s hevc cccn rccc|vco |n |hc pes| nnenc|e| ycer eno vhe| pcrccn|ec ves
se||sfec|or||y rcso|vco cy |hc menecmcn|? lf so, prov|oc oc|e||s |hcrcof, |n ecou| 5O voros or so.
/ |o|e| of 51 comp|e|n|s vcrc |e|cn up for |nvcs||e||on our|n |hc pcr|oo 1
s|
/pr||'12 |o 31
s|
Verch'13. /|| cescs,
rcfcrrco unocr |hc |reuo |rcvcn||on |o||cy, hevc cccn |nvcs||e|co eno |e|cn |o ||s |o|ce| conc|us|on. /c||on es pcr
|ev hes cccn |n|||e|co ee|ns| |hosc, vho erc founo |nvo|vco, eno m|seppropr|e|co emoun| |nvo|vco |n mos| of |hc
freuo cescs hes cccn rccovcrco.
Principle 2: Businesses should provide goods and services that are safe and contribute to sustainability
throughout their life cycle
1. ||s| up |o 3 of your proouc|s or scrv|ccs vhosc ocs|n hes |ncorpore|co soc|e| or cnv|ronmcn|e| conccrns, r|s|s eno/
or oppor|un|||cs
|. Gcncre||on of ||cc|r|c||y
2. |or cech such proouc|, prov|oc |hc fo||ov|n oc|e||s |n rcspcc| of rcsourcc usc ,cncry, ve|cr, rev me|cr|e| c|c.) pcr
un|| of proouc|,op||one|):
e. |couc||on our|n sourc|n/proouc||on/o|s|r|cu||on ech|cvco s|ncc |hc prcv|ous ycer |hrouhou| |hc ve|uc che|n?
c. |couc||on our|n usec cy consumcrs ,cncry, ve|cr) hes cccn ech|cvco s|ncc |hc prcv|ous ycer?
RAW MATERIAL (ENERGY) CONSUMPTION PER YEAR
|ncry Sourcc 2O11-12 2O12-13
Ouen|||y |cr 0n|| Consump||on Ouen|||y |cr 0n|| Consump||on
Coe|* 14O.o VV O.71 |/|vh 154.5 VV O.73 |/|vh
Ges
$
13.O8 VVSCV| O.21 scm/|vh 1O.7O VVSCV| O.22 scm/|vh
* lncrcesc |n pcr un|| coe| consump||on |s ouc |o poor que|||y of coe| eno |ovcr p|en| |oeo fec|or |n |/ 2O12-13.
$ lncrcesc |n pcr un|| es consump||on |s ouc |o |ovcr p|en| |oeo fec|or |n |/ 2O12-13
WATER CONSUMPTION PER YEAR
2O11-12 2O12-13
Ouen|||y |cr 0n|| Consump||on Ouen|||y |cr 0n|| Consump||on
o|e| \e|cr \||horeve| 47O1 m||||on || 21.3 |||rc/|vh 4591 m||||on || 19.9 |||rc/|vh
|couc||on |n \e|cr v||horeve| our|n |/ 2O12-13 = o.5 %
37
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37
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ENERGY SAVING PER YEAR
|ncry sevco cy |hc |n|||e||vcs |e|cn |n ||C povcr p|en|s for
cncry conscrve||on / cfnc|cncy |mprovcmcn|
2O11-12 2O12-13
111.2 V0 119.9 V0
3. |ocs |hc compeny hevc proccourcs |n p|ecc for sus|e|nec|c sourc|n ,|nc|uo|n |renspor|e||on)? lf ycs, vhe|
pcrccn|ec of your |npu|s ves sourcco sus|e|nec|y? /|so, prov|oc oc|e||s |hcrcof, |n ecou| 5O voros or so.
/cs, |hc Compeny hes proccourcs |n p|ecc for Sus|e|nec|c Sourc|n of Coe|. |or procc|s comm|ss|onco ccforc
31.O3.O9, ||C hes s|nco |uc| Supp|y /rccmcn|s ,|S/s) for 124.9 m||||on |onncs vh|ch corrcsponos |o 23895 V\
e| 85% |||.
/f|cr 31.O3.O9 eno |||| cno of |/ 2O12-13, 79oO V\ cepec||y hes cccn comm|ss|onco |n |hc Compeny. |c||cr of
/ssurencc ,|O/) for coe| supp|y hes cccn |ssuco cy coe| compen|cs. |cv |S/s for |hc procc|s hevc cccn nne||sco
eno erc cc|n s|nco v||h Coe| lno|e ||m||co ,Cl|). hc |o|e| |O/ quen|||y for |hcsc procc|s |s 33.31 m||||on |onncs,
vh|ch corrcspono |o ||| of erouno 7o.5% |o 85% es pcr C|/ norms. /s en |n|cr|m mcesurc, ycer|y VO0s erc cc|n
s|nco v||h coe| compen|cs cesco on coe| e||oce||on oonc cy Ccn|re| ||cc|r|c||y /u|hor||y ,C|/).
|or eny shor|fe|| |n coe| rcqu|rcmcn|, ||C |s sourc|n coe| |hrouh |-euc||on, c||e|cre| erccmcn| eno |mpor|.
||C hes ||s ovn oco|ce|co Vcrry-Go-|ouno ,VG|) re||vey sys|cm for e|| ||s ||| |ceo s|e||ons for |renspor|e||on of
coe| from rcspcc||vc ||n|co m|ncs. /rouno oO% of ||s coe| rcqu|rcmcn| |s |renspor|co |hrouh |h|s sys|cm cnsur|n
sus|e|nec||||y of coe| |renspor|e||on.
4. |es |hc compeny |e|cn eny s|cps |o procurc ooos eno scrv|ccs from |oce| & sme|| proouccrs, |nc|uo|n commun|||cs
surrouno|n |hc|r p|ecc of vor|? lf ycs, vhe| s|cps hevc cccn |e|cn |o |mprovc |hc|r cepec||y eno cepec||||y of |oce|
eno sme|| vcnoors?
hc Compeny eoop|s fe|r, cqu||ec|c eno |renspercn| |cnocr|n proccourcs. o cncourec lno|en c|oocrs eno
supp||crs, prov|s|ons rcero|n pr|cc prcfcrcncc eno occmco cxpor| ccncn|s erc s||pu|e|co |n |hc c|oo|n
oocumcn|s |o |hc cx|en| po||cy of Govcrnmcn| of lno|e. |ovcvcr,|hcrc erc ccr|e|n cconom|c oppor|un|||cs for
|hc |oce| eno sme|| proouccrs, er|s|n ou| of ncco for ooos eno scrv|ccs cy |hc procc| eno ||s |ovnsh|p, vh|ch
erc cx|cnoco |o procc| effcc|co pcrsons/ fem|||cs es eoo|||one| fec|||||cs ovcr eno ecovc |hc cn||||cmcn|s. hcsc
cconom|c oppor|un|||cs |nc|uoc prcfcrcncc |o |rocc| /ffcc|co |crsons ,|/|s) / |eno ous|ccs |n |hc procc| eno ||s
|ovnsh|p |n fo||ov|n erces:
- |mp|oymcn| v||h con|rec||n ecnc|cs eno |hrouh o|hcr sourccs
- /||o|mcn| of Shops/ ||os|s |n |ovnsh|p
- /vero of pc||y con|rec|s
- vch|c|c h|r|n |n procc|
- vcnoor pcrm||
- /ny o|hcr oppor|un|||cs occmco n| cy |hc procc|.
5. |ocs |hc compeny hevc e mcchen|sm |o rccyc|c proouc|s eno ves|c? lf ycs, vhe| |s |hc pcrccn|ec of rccyc||n of
proouc|s eno ves|c ,scpere|c|y es <5%, 5-1O%, >1O%). /|so, prov|oc oc|e||s |hcrcof, |n ecou| 5O voros or so.
Our |roouc| v|z. ||cc|r|c||y c|s comp|c|c|y consumco eno hcncc |hcrc |s no scopc of ||s rccyc||n. hc hezeroous
ves|cs cncre|co e| our povcr s|e||ons such es usco |rensformcr o||, usco |ucr|cen|s, |ceo ec|o ce||cr|cs c|c. erc
so|o |o ovcrnmcn| epprovco rccyc|crs or |vcn cec| |o |hc sc||crs for rccyc||n unocr cuy cec| errencmcn|s,
vh|ch |e|cs cerc of 1OO% rccyc||n of such ves|cs.
/rouno 55% of |hc |o|e| esh cncre|co from c|cc|r|c||y cncre||on hes cccn usco for ver|ous proouc||vc purposcs
our|n 2O12-13. lmpor|en| erces of esh u||||ze||on erc - ccmcn| eno esccs|os |nous|ry, rceoy m|x concrc|c p|en|
,|VC) roeo cmcen|mcn|, m|nc n||n, esh oy|c re|s|n eno |eno ocvc|opmcn|.
Principle 3 : Businesses should promote the wellbeing of all employees
1. |umccr of |mp|oyccs* :
e. |xccu||vcs : 12,588
c. |on- cxccu||vcs : 11,277
* cxc|uo|n !vs eno sucs|o|er|cs
2. |umccr of |mp|oyccs h|rco on cmporery / Con|rec|ue| / Cesue| ces|s :
||C oocs no| h|rc cmp|oyccs on |cmporery / cesue| ces|s. hc no. of vor|crs v||h Con|rec|ors erc very from ||mc |o
||mc. /s pcr |hc eve||ec|c |nforme||on, |hc |o|e| no. of Con|rec|or's \or|crs es on 31-O3-2O12 vcrc 11,333.
3. |umccr of pcrmencn| \omcn |mp|oyccs : 1,4o7
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Annual Report 2012-2013 1OO
4. |umccr of pcrmencn| |mp|oyccs v||h ||sec|||||cs : 472
5. |o you hevc en cmp|oycc essoc|e||on |he| |s rccon|zco cy menecmcn|:
||C ||m||co |s e mu||| un|| oren|ze||on. /ssoc|e||on,s) compr|s|n of cxccu||vcs of ||C ncco no| cc rccon|zco
|n |hc ecscncc of eny s|e|u|ory menoe|c. \or|mcn of ver|ous ||C 0n||s hevc formco un|ons. hc semc erc
eccoroco rccon|||on cy ||C ||m||co es pcr epp||cec|c |ev / prec||cc.
o. \he| pcrccn|ec of your pcrmencn| cmp|oyccs |s mcmccrs of |h|s rccon|zco cmp|oycc essoc|e||on?
/cou| 5O-55% of |hc pcrmencn| cmp|oyccs |n vor|mcn ce|cory erc mcmccrs of |hc rccon|zco un|on of vor|mcn.
7. ||cesc |no|ce|c |hc numccr of comp|e|n|s rc|e||n |o ch||o |ecour, forcco |ecour, |nvo|un|ery |ecour, scxue| heressmcn|
|n |hc |es| nnenc|e| ycer eno pcno|n, es on |hc cno of |hc nnenc|e| ycer.
|o. Ce|cory |o. of comp|e|n|s n|co
our|n |hc |/ 12-13
|o. of comp|e|n|s pcno|n
es on 31-O3-2O13
1 Ch||o |ecour / forcco |ecour / |nvo|un|ery |ecour |l| |l|
2 Scxue| heressmcn| |l| |l|
3 ||scr|m|ne|ory cmp|oymcn| |l| |l|
8. \he| pcrccn|ec of your unocr mcn||onco cmp|oyccs vcrc |vcn sefc|y & s|||| up-reoe||on |re|n|n |n |hc |es| ycer?
Ce|cory of cmp|oycc re|n|n for sefc|y
,% covcrco)
re|n|n for s|||| up -reoe||on
,% covcrco)*
|crmencn| |mp|oyccs 18.o3 2o.84
|crmencn| \omcn |mp|oyccs 3.8O 27.o5
Cesue| / cmporery / Con|rec|ue| |mp|oyccs 84.O4 14.24
|mp|oyccs v||h ||sec|||||cs 7.28 23.o2
* |roremmcs, vh|ch |nvo|vc o|rcc| henos on |re|n|n, hevc cccn cons|ocrco unocr s|||| up-reoe||on proremmcs.
Principle 4: Businesses should respect the interests of, and be responsive towards all stakeholders, especially
those who are disadvantaged, vulnerable and marginalized.
1. |es |hc compeny meppco ||s |n|crne| eno cx|crne| s|e|cho|ocrs? : /cs
2. Ou| of |hc ecovc, hes |hc compeny |ocn||nco |hc o|seoven|eco, vu|ncrec|c & mer|ne||zco s|e|cho|ocrs
||C |ocn||ncs vu|ncrec|c & mer|ne||sco s|e|cho|ocrs |hrouh Soc|o |conom|c Survcys eno cx|cno ccncn|s es pcr
prov|s|ons of cx|en| |chec||||e||on & |csc|||cmcn| po||c|cs of GOl / conccrn S|e|c Gov| / ||C.
3. /rc |hcrc eny spcc|e| |n|||e||vcs |e|cn cy |hc compeny |o cnec v||h |hc o|seoven|eco, vu|ncrec|c eno mer|ne||zco
s|e|cho|ocrs. lf so, prov|oc oc|e||s |hcrcof, |n ecou| 5O voros or so.
ln eoo|||on |o |hc cn||||cmcn|s eno pec|ecs es cnv|seco |n |hc po||cy, ||C me|cs spcc|e| cffor|s for |hc vc|ferc of
|h|s scc||on of |hc soc|c|y. hcsc mey |nc|uoc prov|s|on of su||ec|c emoun| es cconom|c ess|s|encc / scco cep||e| for
sc|f cmp|oymcn|, spcc|e| voce||one| |re|n|n proremmcs, pr|or||y |n cnecmcn| for su||ec|c ocs, pcns|on unocr
\|oov |cns|on Schcmc, o|o ec pcns|on schcmc c|c.
Principle 5 : Businesses should respect and promote human rights
1. |ocs |hc po||cy of |hc compeny on humen r|h|s covcr on|y |hc compeny or cx|cno |o |hc Group / !o|n| vcn|urcs
/ Supp||crs / Con|rec|ors / |GOs / O|hcrs?
/|| || |o||c|cs of ||C erc epp||cec|c |o e|| ||s cmp|oyccs eno cmp|oyccs pos|co |n !vs eno Sucs|o|er|cs. |umen
||h|s prov|s|ons erc e|so cu||| |n our c|oo|n oocumcn|s for supp|y cum crcc||on eno c|v|| pec|ecs |nv||co on
compc||||vc c|oo|n ces|s covcr|n our supp||crs eno con|rec|ors.
2. |ov meny s|e|cho|ocr comp|e|n|s hevc cccn rccc|vco |n |hc pes| nnenc|e| ycer eno vhe| pcrccn| ves se||sfec|or||y
rcso|vco cy |hc menecmcn|?
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Annual Report 2012-2013 1OO
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Annual Report 2012-2013 1O1 37
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Annual Report 2012-2013 1O1
|o comp|e|n| on humen r|h|s, such es ch||o |ecour, forcco |ecour, |nvo|un|ery |ecour, scxue| heressmcn|,
o|scr|m|ne||on, r|h|s of |hc o|sec|co c|c ves rccc|vco our|n |hc ycer.
Principle 6 : Business should respect, protect, and make efforts to restore the environment
1. |ocs |hc po||cy rc|e|co |o |r|nc|p|c o covcr on|y |hc compeny or cx|cnos |o |hc Group / !o|n| vcn|urcs / Supp||crs /
Con|rec|ors / |GOs /O|hcrs
hc cnv|ronmcn| po||cy of ||C eno |mp|cmcn|e||on |hcrcof covcrs |hc corc cus|ncss ec||v||y of proouc|n |hcrme|
povcr |hrouh ||s povcr s|e||ons. |ovcvcr, |hc !o|n| vcn|urcs / Supp||crs / Con|rec|ors / O|hcr s|e|c ho|ocrs erc frcc
|o eoop| |hc semc vo|un|er||y.
2. |ocs |hc compeny hevc s|re|c|cs/ |n|||e||vcs |o eoorcss |oce| cnv|ronmcn|e| |ssucs such es c||me|c chenc, |oce|
verm|n, c|c? lf ycs, p|cesc |vc hypcr||n| for vccpec c|c.
/cs, |hc Compeny hes cs|ec||shco e Ccn|rc for |ncry |fnc|cncy eno |nv|ronmcn|e| |ro|cc||on ,Ccn||||) |o vor| on
Grccn |ousc Ges ,G|G) cm|ss|on rcouc||on |hrouh cfnc|cncy & rc||ec||||y |mprovcmcn|. / vcc-pec on |hc semc
|s eve||ec|c on ||C vcc-s||c ,vvv.n|pc.co.|n) unocr |hc suchceo - |nv|ronmcn|.
3. |ocs |hc compeny |ocn||fy eno esscss po|cn||e| cnv|ronmcn|e| r|s|s?
|nv|ronmcn|e| menecmcn| |s en |n|cre| per| of cus|ncss |n ||C. l| s|er|s from sc|cc||on of cnv|ronmcn|e||y compe||c|c
s||cs eno conouc||n |nv|ronmcn|e| lmpec| /sscssmcn| s|uo|cs, vhcrc|n e|| poss|c|c |mpec|s eno r|s|s essoc|e|co v||h
|hc procc| erc |nocn||nco. C|cerenccs erc |e|cn from S|e|c |o||u||on Con|ro| boeros ,S|Cb) eno V|n|s|ry of |nv|ronmcn|
& |orcs|s ,VO||) c|c. /|| ncccssery po||u||on con|ro| / ece|cmcn| mcesurcs erc |ncorpore|co |n |hc ocs|n of |hc
procc| eno |hc s||pu|e||ons meoc |n |hcsc c|cerenccs erc |mp|cmcn|co our|n |mp|cmcn|e||on of |hc procc|.
||C e|so hes en c|ecore|c eno s|ruc|urco mc|hooo|oy for |ocn||fy|n eno esscss|n po|cn||e| cnv|ronmcn|e| r|s|s
|hrouh en |ns|||u||one||zco |n|crpr|sc ||s| Venecmcn| ,||V)' fremcvor|. ||V compr|scs of en |xccu||vc ||rcc|or
|cvc| comm|||cc, vh|ch mcc|s cvcry quer|cr |o rcv|cv eno m|||e|c r|s|s. ||C's r|s| por|fo||o |nc|uocs comp||encc
of cm|ss|on, esh u||||ze||on eno rcu|e|ory norms' r|s|, unocr vh|ch cnv|ronmcn|e| r|s|s erc rcu|er|y |ocn||nco,
esscssco & rcv|cvco eno s|cps for m|||e||on erc cvo|vco.
4. |ocs |hc compeny hevc eny procc| rc|e|co |o C|cen |cvc|opmcn| Vcchen|sm? lf so, prov|oc oc|e||s |hcrcof, |n
ecou| 5O voros or so. /|so, |f ycs, vhc|hcr eny cnv|ronmcn|e| comp||encc rcpor| |s n|co?
||C hes |e|cn scvcre| |n|||e||vcs for |e||n up C|V |rocc|s |n |ovcr Scc|or. Somc of |hcsc C|V |n|||e||vcs erc es
unocr :
|. vo of ||s So|er |ovcr |rocc|s v|z. So|er |v |ovcr |rocc| e| ||C-|eor| ,5 V\) eno So|er |v |ovcr |rocc| e|
|or| b|e|r ,5 V\) hevc e|rceoy cccn sucm|||co |o 0||CCC for C|V rc|s|re||on.
||. /no|hcr |vo procc|s v|z. So|er |v |ovcr |rocc| e| ||C-|er|oeceo ,5 V\) eno Sme|| |yoro |ovcr |rocc|
e| ||C-S|nreu|| ,8 V\) erc |n eovencco s|ec of ve||oe||on eno erc |||c|y |o cc sucm|||co |o 0||CCC for
rc|s|re||on shor||y.
|||. S|x morc C|V |rocc|s v|z. |or|h-|erenpure S||, |oher|ne |e|e ||||, epoven v|shnueo ||||, |ncry
|fnc|cncy |rocc|s e| ||C-S|nreu||, |ncry |fnc|cncy |rocc| e| ||C-|eor| eno 15V\ So|er ,hcrme|) |ovcr
|rocc| e| ||C-/n|e hevc o| |os| Coun|ry /pprove| ,|C/) from |e||one| C|V /u|hor||y eno erc cc|n
proccssco fur|hcr.
|v. /|so, |hc mc|hooo|oy prcperco cy ||C v|z. Conso||oe|co cesc ||nc eno mon||or|n mc|hooo|oy for ncv
r|o conncc|co foss|| fuc| nrco povcr p|en|s us|n |css G|G |n|cns|vc |cchno|oy' for Supcr Cr|||ce| |cchno|oy
hes cccn epprovco cy 0n||co |e||ons |remcvor| Convcn||on on C||me|c Chenc ,0||CCC)' unocr '/pprovco
Conso||oe|co Vc|hooo|oy 13 ,/CVOO13)'.
Vorc C|V procc|s erc |n |hc p|pc||nc. |ovcvcr, es nonc of |hc C|V procc|s hevc yc| cccn rc|s|crco, no
vcr|nce||on rcpor| hes cccn sucm|||co cy ||C.
5. |es |hc compeny unocr|e|cn eny o|hcr |n|||e||vcs on c|cen |cchno|oy, cncry cfnc|cncy, rcncvec|c cncry, c|c.
//|. lf ycs, p|cesc |vc hypcr||n| for vcc pec or vr||c up.
/cs, |hc compeny hes |e|cn up scvcre| ln|||e||vcs for c|cen |cchno|oy, cncry cfnc|cncy eno rcncvec|c cncry.
|c|e||s erc es fo||ovs:
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|. C|cen cchno|oy :
- Sc|||n up of Coe| ||rco 0n||s v||h 0||re Supcrcr|||ce| |eremc|crs |erc||n cfnc|cncy comperec|c |o |hc
ccs| eve||ec|c |cchno|oy |n |hc vor|o.
- |s|ec||shmcn| of ln|cre|co Ges|nce||on Comc|nco Cyc|c ,lGCC) cchno|oy |cmons|re||on ||en| ,||)
su||co for h|h esh con|e|n|n lno|en coe| : ||C |s p|enn|n |o sc| up e 1OOV\ lGCC cchno|oy
|cmons|re||on |rocc| ,lGCC-||) e| ||C |eor| |n |vo s|ecs, v||h S|ec-l compr|s|n of |ns|e||e||on of
coe| es|ncr e|on v||h essoc|e|co es c|cen-up eno o|hcr sys|cms. S|ec-ll compr|s|n of comc|nco p|en|
she|| cc |ns|e||co upon s|ec|||ze||on of S|ec-l.
- |cvc|opmcn| of /ovencc 0||re Supcr Cr|||ce| |cchno|oy : 0nocr |e||one| V|ss|on on C|cen Coe| ,Cercon)
cchno|o|cs, ||C, b||| eno lno|re Genoh| Ccn|rc for /ovencco |cscerch ,lGC/|) hevc cn|crco |n|o
VO0 for |no|cnous ocvc|opmcn| of eovencc u||re supcr cr|||ce| |cchno|oy vh|ch v||| hevc cnhencco
cfnc|cncy of erouno 4o% eno ecou| 17% |css CO
2
cm|ss|on es comperco |o convcn||one| 5OO V\ suc-
cr|||ce| |hcrme| povcr p|en|s.
||. |ncry |fnc|cncy lmprovcmcn|:
- hc Ccn|rc for |ncry |fnc|cncy eno |nv|ronmcn|e| |ro|cc||on ,Ccn||||) vor|s on G|G cm|ss|on
rcouc||on |hrouh cfnc|cncy & rc||ec||||y |mprovcmcn|. /c||v|||cs unocr|e|cn cy Ccn|||| |n |hc erce of
|ncry |fnc|cncy |mprovcmcn| erc |vcn on |hc vccs||c vvv.n|pc.co.|n
- ||C |s |mp|cmcn||n |crform, /ch|cvc eno reoc ,|/) Schcmc unocr |e||one| V|ss|on on |nhencco
|ncry |fnc|cncy ,|V|||) of |r|mc V|n|s|cr |n 22 |ovcr S|e||ons of |hc compeny es no||nco cy b||.
|||. |cncvec|c |ncry
||C p|ens |o eoo cepec||y |hrouh rcncvec|c sourccs of cncry. l| offcrs cnv|ronmcn||y c|cen povcr. ||C
p|ens |o croeo-cesc cncre||on m|x cy cve|ue||n convcn||one| eno e||crne|c sourccs of cncry |o cnsurc |on
|crm compc||||vcncss eno m|||e|c fuc| r|s|s. ||C hes |e|cn ver|ous |n|||e||vcs |o |mp|cmcn| |hc |cncvec|c
|ncry |rocc|s. hc cr|cf s|e|us of |hcsc |n|||e||vcs |s es |vcn cc|ov:
1) So|er |rocc|s ,11O V\) :
- Comm|ss|onco- 1O V\ ,|eor| - O5 V\ & |or| b|e|r- O5 V\)
- 0nocr |xccu||on 85 V\ ,|emeunoem- 1O V\, 0ncheher- 1O V\, e|chcr |en|he- 1O V\,
|eerh- 5O V\ & |er|oeceo- O5 V\)
- 0nocr cnocr|n- 15 V\ S|nreu||
2) Sme|| |yoro |rocc|s ,11 V\) :
- 0nocr |xccu||on 8 V\ ,S|nreu||)
- 0nocr ||ne||ze||on of ||| - O3 V\ ,||heno)
3) \|no povcr |rocc|s ,8O V\) 4O V\ cech |n |erne|e|e eno Veheres|re - unocr |cnocr|n proccss
4) Gco|hcrme| cesco povcr |rocc|s - Vo0 hes cccn s|nco v||h Che|||serh Gov| for ocvc|opmcn| of
co|hcrme| povcr procc| e| e||epen|.
5) ||s|r|cu|co Gcncre||on ,|G) - Vo0 v||h Sv|ss /cncy for |cvc|opmcn| eno Coopcre||on |o p|en eno
|mp|cmcn| |cncvec|c |ncry eno ||s|r|cu|co Gcncre||on procc|s. hc me|n focus |s on |cchno|o|cs
|||c c|omess es|nce||on |nc|uo|n |vo s|ec es|ncr, sme|| hyoro & so|er cncry eno sus|e|nec||||y of |hc
o|s|r|cu|co cncre||on procc|s.
7. /rc |hc |m|ss|ons / \es|c cncre|co cy |hc compeny v||h|n |hc pcrm|ss|c|c ||m||s |vcn cy C|Cb/S|Cb for
|hc nnenc|e| ycer cc|n rcpor|co?
/|| |hc |ce| peremc|crs |nc|uo|n cm|ss|on norms eno cfnucn| ,ves|cs) norms erc cc|n eohcrco |o
cy ||C s|e||ons. Chenc of |ev |n ccr|e|n cescs, hes ncccss||e|co up-reoe||on of po||u||on con|ro|
cqu|pmcn|s vh|ch erc cc|n eoorcssco |hrouh |&V Schcmcs for vh|ch ec||ons p|ens hevc cccn
sucm|||co |o |hc |cu|e|ors.
8. |umccr of shov ceusc/ |ce| no||ccs rccc|vco from C|Cb/S|Cb vh|ch erc pcno|n ,|.c. no| rcso|vco |o
se||sfec||on) es on cno of ||nenc|e| /cer.
|o shov ceusc / |ce| no||cc rccc|vco from |hc rcu|e|ory coo|cs rcme|n pcno|n es on |hc cno of |/
2O12-13. /|| |ssucs erc eoorcssco eno ec||on p|ens sucm|||co |o |hc rcu|e|ory coo|cs.
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Principle 7 : Businesses, when engaged in inuencing public and regulatory policy, should do so in a responsible
manner
1. ls your compeny e mcmccr of eny |reoc eno chemccr or essoc|e||on? lf ycs, |emc on|y |hosc meor oncs |he| your
cus|ncss oce|s v||h.
hc Compeny hes |e|cn Corpore|c Vcmccrsh|p of 48 Chemccrs & essoc|e||on |nc|uo|n |lCCl, Cll, ||l, l|||, \|C c|c.
2. |evc you eovoce|co / |occ|co |hrouh ecovc essoc|e||ons for |hc eovenccmcn| or |mprovcmcn| of puc||c ooo? |f
ycs spcc|fy |hc croeo erces , orop cox: Govcrnencc eno /om|n|s|re||on, |conom|c |cforms, lnc|us|vc |cvc|opmcn|
|o||c|cs, |ncry sccur||y, \e|cr, |ooo Sccur||y, Sus|e|nec|c bus|ncss |r|nc|p|cs, O|hcrs).
||C |s e mcmccr of \or|o |ncry Counc||. Che|rmen & Vene|n ||rcc|or of ||C |s e|so en |x-ofnc|o Vcmccr
Sccrc|ery. \|C lno|e eno ||s |n|crne||one| coun|crper| \|C vor| |overos sus|e|nec|c usc eno supp|y of cncry. hc|r
vor| cnec|cs promo||n po||c|cs vh|ch ce|encc |ncry Sccur||y, |ncry |qu||y eno C||me|c Chenc.
Principle 8 : Businesses should support inclusive growth and equitable development
1. |ocs |hc compeny hevc spcc|nco proremmcs / |n|||e||vcs / procc|s |n pursu|| of |hc po||cy rc|e|co |o |r|nc|p|c 8?
lf ycs oc|e||s |hcrcof.
/cs, ||C hes ||s ovn |csc|||cmcn| eno |chec||||e||on ,|&|) po||cy cesco on prov|s|ons cnv|seco |n GOl |&|
po||cy |o cx|cno |&| ccncn|s |o procc| effcc|co pcop|c / fem|||cs. hc compeny e|so hes spcc|nco proremmcs
for |nc|us|vc rov|h & cqu||ec|c ocvc|opmcn| no| on|y e| s|e||on |cvc| cu| e| coun|ry |cvc|. Somc of |hc erces of our
|n|||e||vcs eno proremmcs unocr|e|cn erc ||s|co cc|ov:
|. |ouce||on :
- 0nocr |hc on-o|n schcmc of s|rcn|hcn|n |hc lnous|r|e| re|n|n lns|||u|cs ,lls) ecross |hc coun|ry, ||C
hes |e|cn |hc |n|||e||vc of eoop||n lls / sc|||n up of lls ncer ||s povcr cncre||n s|e||ons / procc|s. ||C
|s prcscn||y essoc|e|co v||h 2o lls ,|||| 31.O3.2O13). ||C hes eoop|co 17 cx|s||n Gov|. lls ou| of vh|ch 14
lls hevc cccn eoop|co unocr ||| schcmc of Gol eno O3 lls erc cc|n up-reoco unocr b||e|cre| /rccmcn|
v||h rcspcc||vc S|e|c Gov|. ln eoo|||on, ||C |s e|so sc|||n up O9 ncv lls ncer ||s ||en|s/ S|e||ons.
- Suppor| ves cx|cnoco for cons|ruc||on of |n|nccr|n Co||cc |n |orce eno po|y|cchn|c |re|n|n ccn|rc |n
|eyem|u|em.
- 23 schoo|s run cy ||C prcoom|ne|c|y for commun||y, ccncn|co morc |hen 2O,OOO s|uocn|s of
nc|hcourhooo commun||y.
- ver|ous ec||v|||cs unocr|e|cn |n morc |hen 5OO v|||ec schoo|s ccncn|co c|osc |o oO,OOO v|||ec ch||orcn.
- /ss|s|encc ves prov|oco |o |e||one| |ounoe||on for Commune| |ermony ,||C|), en eu|onomous
oren|ze||on v||h V|n|s|ry of |omc /ffe|rs, GOl |o fec||||e|c couce||on eno rchec||||e||on of |hc ch||o
v|c||ms of commune|, ces|c, c|hn|c or |crror|s| v|o|cncc.
||. |ce||h :
- ||C hes e spcc|nc schcmc for mco|ce| fec|||||cs |o |hc |rocc| /ffcc|co |crsons ,|/|s) eno |hc|r fem|||cs
vhcrc|n 8O% rcce|c |s |vcn for |hc consu||e||on chercs eno for |nooor |rce|mcn| |n ||C |osp||e|s.
- Voc||c |ce||h C||n|c fec||||y ves s|er|co cy S|e||ons |||c |eyem|u|em, |eves eno e|chcr hcrme| |o prov|oc
que|||y hce||h cerc e| |hc ooors|cp of nc|hcourhooo v|||ecs.
- ||rcc||y Ocscrvco rce|mcn| cum |cs|ne|co V|croscopy Ccn|rc ,|Os cum |VC) v||h moc||c emcu|encc
fec|||||cs ves run cy 12 ||C hosp||e|s |hrouh ||C |ounoe||on unocr |cv|sco |e||one| uccrcu|os|s
Con|ro| |roremmc ,||C|) rc|s|cr|n morc |hen 15,1OO pe||cn|s eno prov|o|n |rce|mcn| |o morc |hen
2,4OO pe||cn|.
- /c||v|||cs |||c mco|ce| cemps for |oce| v|||ecs |nc|uo|n |hosc for oc|cc||on eno |rce|mcn| of rcsp|re|ory
o|scescs |||c b eno |un cenccr eno for cncre| chcc|ups, fo|n, sprey|n en||-|erve sprey, eno suppor|
|o ||Cs eno |osp||e|s |n ecou| 3OO v|||ecs our|n |hc ycer ccncn|co morc |hen 2 |e|h pcop|c.
- ||C cx|cnoco suppor| for rcp|eccmcn| of o|o hosp||e| cqu|pmcn|s e| bche|e be|enenoe brehmecher|
|osp||e| & |cscerch Ccn|rc, |o||e|e.
|||. voce||one| re|n|n |roremmcs :
- ||C |oo| up ver|ous voce||one| |re|n|n proremmcs, such es Compu|cr |re|n|n, Vo|or rcv|no|n, Vo|or
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|r|v|n, ||cc|r|c|en & Gcncre| ||cc|r|ce| |cpe|r|n, c|c. for you|h eno ver|ous Coech|n C|esscs c|c. for
v|||ec ch||orcn, cesco on |hc ncco of |hc |oce| commun||y |n |hc nc|hcourhooo of ||s s|e||ons.
- /ss|s|encc ves prov|oco for voce||one| |re|n|n |o 45 b|| ceno|oe|cs |hrouh /pperc| re|n|n eno |cs|n
Ccn|rc ,/|C), Chh|novere.
- ||C |s |mp|cmcn||n e procc| cn||||co lmprovcmcn| |n Oue|||y of ||fc of rure| poor |o crce|c sc|f- rc||encc
cy |ncrces|n per||c|pe||on |n Commun||y |cvc|opmcn| \or|' erouno |ehe|eon S|e||on |hrouh ||she.
|v. \omcn |mpovcrmcn| :
- Cons|ruc||on of G|r|s |os|c| |n Gun|ur o|s|r|c| of /|.
- ver|ous voce||one| |re|n|n proremmcs for vomcn |n |hc nc|hcourhooo v|||ecs |nc|uo|n |rcss
|cs|n|n, bceu||c|en, |mcro|ocry, ceno|c me||n, fooo prcscrve||on eno fooo proccss|n c|c. vcrc |e|cn
up.
- S|||| upreoe||on prorems |n scv|n for vomcn popu|e||on |n |hc nc|hcorhooo v|||ecs |o promo|c sc|f-
cmp|oymcn| vcrc conouc|co |nc|uo|n prov|o|n scv|n mech|ncs covcr|n morc |hen 3OO vomcn.
v. |or |hys|ce||y Che||cnco :
- lnforme||on eno Commun|ce||on cchno|oy ,lC) ccn|crs cs|ec||shco cy ||C |ounoe||on e| |c|h|
0n|vcrs||y eno |n four Gov|. b||no Schoo|s e| /mcr, |uc|nov, h|ruvene|hepurem eno Vysorc for prov|o|n
l couce||on |o phys|ce||y & v|sue||y che||cnco s|uocn|s hevc ccncn|co morc |hen 2OOO s|uocn|s so fer.
|cv lC Ccn|crs e| Geuhe|| 0n|vcrs||y, Guvehe|| ves s|er|co eno VO0 s|nco for lC Ccn|cr e| |cv| /h||ye
v|shvev|oye|eye, lnoorc.
- ||sec||||y |chec||||e||on Ccn|crs ,||Cs) e| ||C enoe, ||heno, |orce, |eor| eno bone|eon cs|ec||shco |n
co||ecore||on v||h ||C |ounoe||on eno |e||one| lns|||u|c for |hc Or|hopeco|ce||y |eno|ceppco ,|lO|),
unocr |hc V|n|s|ry of Soc|e| !us||cc eno |mpovcrmcn|, Govcrnmcn| of lno|e hevc prov|oco scrv|ccs eno
e|os & epp||enccs |o morc |hen 23,9OO cescs so fer.
- /c||v|||cs |o ccncn| phys|ce||y che||cnco pcrsons |||c o|s|r|cu||on of orcss, ces s|uoy me|cr|e|,
rc|mcurscmcn| of schoo| fccs c|c. |o schoo| ch||orcn, o|s|r|cu||on of |r|cyc|cs eno prov|o|n mco|ce|
epp||enccs vcrc |e|cn up cy |hc S|e||ons.
v| lnfres|ruc|urc :
- ||C 0ncheher comp|c|co cons|ruc||on of cr|oc ovcr ore|n eno |oo| up |ns|e||e||on of So|er |ovcr
||h||n Sys|cm |n |hrcc mun|c|pe| corpore||ons of |eccerc||, bechhreven eno |e|en of |eccerc|| ||s|r|c|.
- e|chcr hcrme| |oo| up supp|y of or|n||n ve|cr |hrouh p|pc||nc |o !eenne|hpur v|||ec, Oo|she |hrouh
|\S&S, e S|e|c Gov|. ecncy.
- |ehe|eon s|e||on hes |e|cn up |nfres|ruc|urc ocvc|opmcn| vor|s |||c cons|ruc||on of roeo, sen||e||on,
or|n||n ve|cr eno c|cc|r|ce| ||h|n|n vor| |n o v|||ecs, 3 v|||ecs cech |n bhee|pur eno Goooe ||s|r|c|.
2. /rc |hc proremmcs/procc|s unocr|e|cn |hrouh |n-housc |cem/ovn founoe||on/cx|crne| |GO/ovcrnmcn|
s|ruc|urcs/eny o|hcr oren|ze||on?
besco on ccs| prec||ccs, proremmcs erc unocr|e|cn |hrouh vc|| ocnnco |n housc |cem v||h |hrcc ||cr s|ruc|urc,
s|e||on |cvc| |cem, rc|one| |cvc| |cem & Corpore|c |cvc| |cem |n essoc|e||on v||h cx|crne| |GO's , ovcrnmcn|
s|ruc|urc, |n somc ec||v|||cs ovn founoe||on & o|hcr oren|ze||ons e|so.
3. |evc you oonc eny |mpec| esscssmcn| of your |n|||e||vc?
|vcry |vo ycers |hc |mpec| esscssmcn| |s oonc for e|| |hc meor CS| ec||v|||cs e| ver|ous s|e||ons. Soc|e| lmpec|
|vo|u||on ,Sl|) s|uoy/survcy hevc cccn conouc|co on comp|c||on of |&| p|en e| S|pe| eno S|mheor| procc|s.
|ve|u||on |s oonc |hrouh |hc ocvc|opmcn| of e S|enoero of ||v|n lnocx ,SO|l) eno semc |s cve|ue|co prc eno pos|
ecqu|s|||on of effcc|co vs uneffcc|co v|||ecs.
4. \he| |s your compeny's o|rcc| con|r|cu||on |o commun||y ocvc|opmcn| procc|s- /moun| |n l|| eno |hc oc|e||s of
|hc procc|s unocr|e|cn
||C cermer| e| |ces| O.4% of procc| cos| for commun||y ocvc|opmcn| vor|s |n eno erouno |hc procc| effcc|co
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v|||ecs |o |mprovc |hc|r ||v|n s|enoero. |cccn||y |&| p|en ves epprovco for |ere procc|, |uo| procc|, |orce
S|ec-lll, v|nohyeche| lv
5. |evc you |e|cn s|cps |o cnsurc |he| |h|s commun||y ocvc|opmcn| |n|||e||vc |s succcssfu||y eoop|co cy |hc commun||y?
||cesc cxp|e|n |n 5O voros or so.
Commun||y ocvc|opmcn| |n|||e||vcs erc |e|cn |n p|ennco vey, commun||y per||c|pe||on e|on v||h |oce| eom|n|s|re||on
& v|||ec pencheye|s erc |nvo|vco |n e|| ec||v|||cs, |h|s cnsurcs |hc succcssfu| eoop||on of |n|||e||vc cy |hc commun||y.
Soc|e| lmpec| |ve|u||on ,Sl|) s|uoy/ survcy erc conouc|co on comp|c||on of |&| p|en e| S|pe| eno S|mheor| procc|s.
|ve|ue||on |s oonc |hrouh |hc ocvc|opmcn| of e S|enoero of ||v|n lnocx ,SO|l) eno semc |s cve|ue|co prc eno
pos| ecqu|s|||on of effcc|co vs uneffcc|co v|||ecs. hc cx|crne| ecncy |s cons|ocrco for Sl|. Soc|e| euo|| |s e|so
cc|n oonc |o cve|ue|c vhc|hcr e|| ec||v|||cs |ocn||nco |n |hc |&| p|en hevc cccn comp|c|co se||sfec|or||y eno |vcs
rccommcnoe||on for ncccssery moo|nce||on/ corrcc||vc mcesurcs, |f eny, for |hc fu|urc procc|s.
Principle 9 : Businesses should engage with and provide value to their customers and consumers in a responsible
manner
1. Cus|omcr comp|e|n|s / consumcr cescs erc pcno|n es on |hc cno of nnenc|e| ycer:
hc |o|e| of 91 cescs erc pcno|n es on 31-O3-2O13, vh|ch vcrc n|co cy ||C or cy o|ffcrcn| ccncnc|er|cs of ||C
ee|ns| C||C orocrs / /||| uocmcn|s rc|e|co |o ||C ||o. hc oc|e||s erc es unocr :
- Cescs v||h /ppc||e|c r|cune| |or ||cc|r|c||y ,/|||) : 23 nos.
- Cescs |n Suprcmc Cour| : o8 nos.
- ln eoo|||on, 1o cescs erc pcno|n |n ver|ous Consumcr forums of |hc coun|ry on o|hcr me||crs.
2. |ocs |hc compeny o|sp|ey proouc| |nforme||on on |hc proouc| |ecc|, ovcr eno ecovc vhe| |s menoe|co es pcr |oce|
|evs?
|o| /pp||cec|c
3. ls |hcrc eny cesc n|co cy eny s|e|cho|ocr ee|ns| |hc compeny rcero|n unfe|r |reoc prec||ccs, |rrcspons|c|c
eovcr||s|n eno / or en||-compc||||vc cchev|our our|n |hc |es| nvc ycers eno pcno|n es on cno of nnenc|e| ycer. lf
so, prov|oc oc|e||s |hcrcof, |n ecou| 5O voros or so.
hc /ssoc|e||on of |ovcr |roouccrs heo n|co e comp|e|n|, 125/V|/2O11 |n Ccn|re| ||cc|r|c||y |cu|e|ory Comm|ss|on.
hc pc||||oncr heo e||cco |he| :
- ||C unocr|oo| e mess|vc cxcrc|sc of s|n|n |ovcr |urchesc /rccmcn|s v||h |hc S|e|c o|s|r|cu||on
compen|cs eno S|e|c ||cc|r|c||y boeros v||h e c|cer |n|cn||on of cypess|n |hc |mpcno|n compc||||vc c|oo|n
rcqu|rcmcn|s our|n |hc pcr|oo from 1.1O.2O1O |o 5.1.2O11 eno s|nco |hc ||/s for supp|y of morc |hen 37OOO
V\ of povcr.
- Conouc| of ||C |n rush|n |o s|n |ovcr |urchesc /rccmcn|s for supp|y of 37OOO V\ of c|cc|r|c||y ecus|n
||s oom|nen| pos|||on, |hcrccy ceus|n eovcrsc cffcc| on compc||||on |n c|cc|r|c||y |nous|ry.
/f|cr |cer|n, C||C |ssuco ||ne| Orocr on 2o.O4.2O13 |n fevour of ||C. hc oc|e||co orocr |s eve||ec|c on C||C
\ccs||c: vvv.ccrc|no.ov.|n
4. ||o your compeny cerry ou| eny consumcr survcy/ consumcr se||sfec||on |rcnos?
/cs, Cus|omcr Survcys erc cc|n cerr|co ou| |e||n fccocec| on ver|ous espcc|s of ||C cus|ncss from |hc |cy
rcsponocn|s of |hc cus|omcrs' oren|ze||ons us|n |n|crne| rcsourccs. |ccocec|s, es rccc|vco, erc cc|n ene|ysco
|o |ocn||fy cus|omcrs cxpcc|e||ons, |ssucs of conccrns eno se||sfec||on for |n|crne| esscssmcn|, eno |ocn||nce||on of
su||ec|c s|re|c|cs |o eoorcss |hc |ssucs eno |mprovcmcn| |n proccsscs.
|e|co: 2
no
37
th
th
Annual Report 2012-2013
BALANCE SHEET AS AT
` Crore
Particulars Note 31.03.2013 31.03.2012
EQUITY AND LIABILITIES
Shareholders' funds
Share capital 2 8,245.46 8,245.46
Reserves and surplus 3 72,142.05 65,045.71
80,387.51 73,291.17
Deferred revenue 4 1,244.05 1,430.06
Non-current liabilities
Long-term borrowings 5 53,253.66 45,908.27
Deferred tax liabilities (net) 6 915.30 636.90
Other long-term liabilities 7 1,965.99 1,729.06
Long-term provisions 8 739.92 603.70
56,874.87 48,877.93
Current liabilities
Trade payables 9 5,158.77 4,460.65
Other current liabilities 10 10,446.72 9,537.24
Short-term provisions 11 7,004.54 3,233.69
22,610.03 17,231.58
TOTAL 161,116.46 140,830.74
ASSETS
Non-current assets
Fixed assets
Tangible assets 12 62,687.42 45,044.47
Intangible assets 12 248.68 211.89
Capital work-in-progress 13 37,109.42 41,827.82
Intangible assets under development 13 - 0.04
Non-current investments 14 9,137.64 9,583.92
Long-term loans and advances 15 9,633.45 5,394.35
Other non-current assets 15A 1,132.77 1,371.88
119,949.38 103,434.37
Current assets
Current investments 16 1,622.46 1,622.46
Inventories 17 4,057.19 3,702.85
Trade receivables 18 5,365.49 5,832.51
Cash and bank balances 19 16,867.70 16,141.83
Short-term loans and advances 20 1,745.53 1,543.32
Other current assets 21 11,508.71 8,553.40
41,167.08 37,396.37
TOTAL 161,116.46 140,830.74
Signicant accounting policies 1
The accompanying notes form an integral part of these nancial statements.
For and on behalf of the Board of Directors
(A. K. Rastogi) (A. K. Singhal) (Arup Roy Choudhury)
Company Secretary Director (Finance) Chairman & Managing Director
This is the Balance Sheet referred to in our report of even date
For O. P. Bagla & Co. For K. K. Soni & Co. For PKF Sridhar & Santhanam
Chartered Accountants Chartered Accountants Chartered Accountants
Firm Reg. No. 000018N Firm Reg. No. 000947N Firm Reg. No. 003990S
(Rakesh Kumar) (S.S. Soni) (V.Kothandaraman)
Partner Partner Partner
M No.087537 M No.094227 M No.025973
For V. Sankar Aiyar & Co. For Ramesh C. Agrawal & Co. For A. R. & Co.
Firm Reg. No. 109208W Firm Reg. No. 001770C Firm Reg. No. 002744C
(M. S. Balachandran) (Monika Agrawal) (Anil Gaur)
M No. 024282 M No. 093769 M No. 017546
Place : New Delhi
Dated : 10
th
May 2013
37
th
th
Annual Report 2012-2013
(A. K. Rastogi) (A. K. Singhal) (Arup Roy Choudhury)
Company Secretary Director (Finance) Chairman & Managing Director
This is the Statement of Prot and Loss referred to in our report of even date
For O. P. Bagla & Co. For K. K. Soni & Co. For PKF Sridhar & Santhanam
Firm Reg. No. 000018N Firm Reg. No. 000947N Firm Reg. No. 003990S
(Rakesh Kumar) (S.S. Soni) (V.Kothandaraman)
M No.087537 M No.094227 M No.025973
For V. Sankar Aiyar & Co. For Ramesh C. Agrawal & Co. For A. R. & Co.
Firm Reg. No. 109208W Firm Reg. No. 001770C Firm Reg. No. 002744C
(M. S. Balachandran) (Monika Agrawal) (Anil Gaur)
M No. 024282 M No. 093769 M No. 017546
Place : New Delhi
Dated : 10
th
May 2013
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED
` Crore
Revenue from operations (gross) 22 66,200.24 62,480.88
Less: Electricity duty 526.31 428.65
Revenue from operations (net) 65,673.93 62,052.23
Other income 23 3,101.58 2,789.65
Total revenue 68,775.51 64,841.88
Expenses
Fuel 41,018.25 41,635.46
Employee benets expense 24 3,360.12 3,101.71
Finance costs 25 1,924.36 1,711.64
Depreciation and amortization expense 12 3,396.76 2,791.70
Generation, administration & other expenses 26 4,211.22 3,588.79
Prior period items (net) 27 (29.72) (313.58)
Total expenses 53,880.99 52,515.72
Prot before tax and exceptional items 14,894.52 12,326.16
Exceptional items 32 1,684.11 -
Prot before tax 16,578.63 12,326.16
Tax expense
Current tax
Current year 3839.69 2,913.64
Earlier years (158.85) 154.84
Deferred tax
Current year 278.40 327.85
Earlier years - (293.90)
Total tax expense 3,959.24 3,102.43
Prot for the year 12,619.39 9,223.73
Signicant accounting policies 1
Expenditure during construction period (net) 28
Earnings per equity share (Par value ` 10/- each) 43
Basic & Diluted (`) 15.30 11.19
The accompanying notes form an integral part of these nancial statements.
There are no extraordinary items in the above periods.
37
th
CASH FLOW STATEMENT
` Crorc
For the year ended March 31, 2013 2O12
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Prot before tax 16,578.63 12,32o.1o
Adjustment for:
|cprcc|e||on / /mor||se||on 3,396.76 2,791.7O
|r|or pcr|oo ocprcc|e||on / emor||se||on (0.25) ,1.35)
|rov|s|ons 206.25 o5.18
|cfcrrco rcvcnuc on eccoun| of eovencc ee|ns| ocprcc|e||on (9.87) ,73.58)
|cfcrrco forc|n currcncy nuc|ue||on essc|/||ec||||y 240.28 ,874.84)
|cfcrrco |ncomc from forc|n currcncy nuc|ue||on 79.56 792.OO
ln|crcs| chercs 1,902.13 1,o81.75
Gueren|cc fcc & o|hcr nnencc chercs 22.23 29.89
ln|crcs|/|ncomc on |crm ocpos||s/conos/|nvcs|mcn|s (2,397.11) ,2,3O7.o5)
||v|ocno |ncomc (241.32) ,1o9.3O)
|rov|s|ons vr|||cn cec| (844.70) ,315.8o)
|ron| on o|spose| of nxco essc|s (4.62) ,13.28)
|oss on o|spose| of nxco essc|s 59.91 58.4O
2,409.25 1,oo3.Oo
Operating Prot before Working Capital Changes 18,987.88 13,989.22
Adjustment for:
reoc rccc|vec|cs 1,307.69 ,2,8o2.83)
lnvcn|or|cs (157.16) 93.94
reoc peyec|cs, prov|s|ons eno o|hcr ||ec|||||cs 1,550.38 375.87
|oens & /ovenccs eno O|hcr currcn| essc|s (3,298.04) 185.94
(597.13) ,2,2O7.O8)
Cash generated from operations 18,390.75 11,782.14
||rcc| |excs pe|o (2,895.58) ,1,O72.29)
Net Cash from Operating Activities - A 15,495.17 1O,7O9.85
B. CASH FLOW FROM INVESTING ACTIVITIES
|urchesc of nxco essc|s (16,296.65) ,1O,794.44)
||spose| of nxco essc|s 5.44 78.7o
|urchesc of |nvcs|mcn|s (17,955.00) ,23,o3O.OO)
Se|c of |nvcs|mcn|s 19,577.46 25,433.87
lnvcs|mcn| |n sucs|o|er|cs/o|n| vcn|urcs (1,177.22) ,o81.o8)
|oens & eovenccs |o sucs|o|er|cs (73.06) ,2.98)
ln|crcs|/|ncomc on |crm ocpos||s/conos/|nvcs|mcn|s rccc|vco 2,417.32 2,235.OO
lncomc |ex pe|o on |n|crcs| |ncomc (756.50) ,o88.37)
||v|ocno rccc|vco 241.32 1o9.3O
Net cash used in Investing Activities - B (14,016.89) ,7,88O.54)
C. CASH FLOW FROM FINANCING ACTIVITIES
|rocccos from |on |crm corrov|ns 11,696.96 8,73o.39
|cpeymcn| of |on |crm corrov|ns (4,434.52) ,3,522.93)
Gren|s rccc|vco - 1.33
ln|crcs| pe|o (3,831.50) ,3,885.12)
Gueren|cc fcc & o|hcr nnencc chercs pe|o (114.57) ,84.18)
||v|ocno pe|o (3,504.34) ,3,545.55)
ex on o|v|ocno (564.44) ,5o9.O2)
Net cash used in Financing Activities - C (752.41) ,2,8o9.O8)
Net increase/decrease in cash and cash equivalents (A+B+C) 725.87 ,39.77)
Cash and cash equivalents at the beginning of the year (see Note 1 below) 16,141.83 1o,181.oO
Cash and cash equivalents at the end of the period (see Note 1 below) 16,867.70 1o,141.83
|O|S
1 Cesh eno cesh cqu|ve|cn|s cons|s|s of Cesh |n heno eno ce|enccs v||h cen|s. Cesh eno cesh cqu|ve|cn|s |nc|uoco |n |hc cesh nov s|e|cmcn| compr|sc of fo||ov|n
ce|encc shcc| emoun|s es pcr |o|c-19:
Cesh eno cesh cqu|ve|cn|s 380.30 7o1.89
|cmeno ocpos||s |nc|uoco |n o|hcr cen| ce|enccs 16,469.97 15,357.98
O|hcr cen| ce|enccs-O|hcrs* 17.43 21.9o
Cesh eno cesh cqu|ve|cn|s es rcs|e|co , |o|c-19-Cesh eno ben| ce|enccs) 16,867.70 1o,141.83
* /moun|s vh|ch erc no| eve||ec|c for usc |overos:
1) 0nc|e|mco o|v|ocno 15.65 11.48
2) Ou| of mer|n moncy |cp| v||h |bl cermer|co for nxco ocpos||s from puc||c 1.77 1.77
3) |cpos||co es sccur||y v||h Govcrncmcn| eno o|hcr o|hcr eu|hor|||cs 0.01 8.71
17.43 21.9o
2 hc nc| pron| ef|cr |ex |s ef|cr cons|ocr|n cxccp||one| ||cms of ` 1,684.11 crore ,prcv|ous ycer |||). |cfcr |o|c 32 for oc|e||s.
3 |rcv|ous ycer nurcs hevc cccn rcroupco/rcerrenco vhcrcvcr cons|ocrco ncccssery.
,/. |. |es|o|) ,/. |. S|nhe|) ,/rup |oy Chouohury)
Compeny Sccrc|ery ||rcc|or ,||nencc) Che|rmen & Vene|n ||rcc|or
h|s |s |hc cesh nov s|e|cmcn| rcfcrrco |o |n our rcpor| of cvcn oe|c
|or O. |. be|e & Co. |or |. |. Son| & Co. |or ||| Sr|oher & Sen|henem
,|e|csh |umer) ,S.S. Son|) ,v.|o|henoeremen)
V |o.O87537 V |o.O94227 V |o.O25973
,V. S. be|echenoren) ,Von||e /reve|) ,/n|| Geur)
V |o. O24282 V |o. O937o9 V |o. O1754o
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O13
37
th
Notes to the nancial statements for the year ended 31
st
March 2013
1. Signicant accounting policies
A. Basis of preparation
hc nnenc|e| s|e|cmcn|s erc prcperco on eccrue| ces|s of eccoun||n unocr h|s|or|ce| cos| convcn||on |n eccoroencc v||h cncre||y ecccp|co
eccoun||n pr|nc|p|cs |n lno|e, |hc rc|cven| prov|s|ons of |hc Compen|cs /c|, 195o |nc|uo|n eccoun||n s|enoeros no||nco |hcrc unocr eno |hc
prov|s|ons of |hc ||cc|r|c||y /c|, 2OO3 |o |hc cx|cn| epp||cec|c.
B. Use of estimates
hc prcpere||on of nnenc|e| s|e|cmcn|s rcqu|rcs cs||me|cs eno essump||ons |he| effcc| |hc rcpor|co emoun| of essc|s, ||ec|||||cs, rcvcnuc eno
cxpcnscs our|n |hc rcpor||n pcr|oo. /||houh such cs||me|cs eno essump||ons erc meoc on e rcesonec|c eno pruocn| ces|s |e||n |n|o eccoun|
e|| eve||ec|c |nforme||on, ec|ue| rcsu||s cou|o o|ffcr from |hcsc cs||me|cs & essump||ons eno such o|ffcrcnccs erc rccon|zco |n |hc pcr|oo |n
vh|ch |hc rcsu||s erc crys|e|||zco.
C. Grants-in-aid
1. Gren|s-|n-e|o rccc|vco from |hc Ccn|re| Govcrnmcn| or o|hcr eu|hor|||cs |overos cep||e| cxpcno||urc es vc|| es consumcrs' con|r|cu||on |o
cep||e| vor|s erc |rce|co |n|||e||y es cep||e| rcscrvc eno sucscqucn||y eous|co es |ncomc |n |hc semc propor||on es |hc ocprcc|e||on vr|||cn
off on |hc essc|s ecqu|rco ou| of |hc ren|s.
2. \hcrc |hc ovncrsh|p of |hc essc|s ecqu|rco ou| of |hc ren|s vcs|s v||h |hc ovcrnmcn|, |hc ren|s erc eous|co |n |hc cerry|n cos| of such
essc|s.
3. Gren|s from Govcrnmcn| eno o|hcr ecnc|cs |overos rcvcnuc cxpcno||urc erc rccon|zco ovcr |hc pcr|oo |n vh|ch |hc rc|e|co cos|s erc
|ncurrco eno erc ocouc|co from |hc rc|e|co cxpcnscs.
D. Fixed assets
1. en|c|c essc|s erc cerr|co e| h|s|or|ce| cos| |css eccumu|e|co ocprcc|e||on/emor||se||on.
2. |xpcno||urc on rcnove||on eno moocrn|se||on of |en|c|c essc|s rcsu|||n |n |ncrcesco ||fc eno/or cfnc|cncy of en cx|s||n essc| |s eooco |o
|hc cos| of rc|e|co essc|s.
3. ln|en|c|c essc|s erc s|e|co e| |hc|r cos| of ecqu|s|||on |css eccumu|e|co emor||se||on.
4. Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc Compeny rc|e||n |o cncre||on of c|cc|r|c||y cus|ncss |s rcncc|co es e o|s||nc| ||cm |n
cep||e| vor|-|n-prorcss |||| |hc pcr|oo of comp|c||on eno |hcrcef|cr |n |hc |en|c|c essc|s.
5. |cpos||s, peymcn|s/||ec|||||cs meoc prov|s|one||y |overos compcnse||on, rchec||||e||on eno o|hcr cxpcnscs rc|e|ec|c |o |eno |n posscss|on
erc |rce|co es cos| of |eno.
o. ln |hc cesc of essc|s pu| |o usc, vhcrc nne| sc|||cmcn| of c|||s v||h con|rec|ors |s yc| |o cc cffcc|co, cep||e||se||on |s oonc on prov|s|one|
ces|s succc| |o ncccssery eous|mcn| |n |hc ycer of nne| sc|||cmcn|.
7. /ssc|s eno sys|cms common |o morc |hen onc cncre||n un|| erc cep||e||sco on |hc ces|s of cn|nccr|n cs||me|cs/esscssmcn|s.
E. Capital work-in-progress
1. /om|n|s|re||on eno cncre| ovcrhceo cxpcnscs e||r|cu|ec|c |o cons|ruc||on of nxco essc|s |ncurrco |||| |hcy erc rceoy for |hc|r |n|cnoco usc
erc |ocn||nco eno e||oce|co on e sys|cme||c ces|s |o |hc cos| of rc|e|co essc|s.
2. |cpos|| vor|s/cos| p|us con|rec|s erc eccoun|co for on |hc ces|s of s|e|cmcn|s of eccoun| rccc|vco from |hc con|rec|ors.
3. 0nsc|||co ||ec||||y for pr|cc ver|e||on/cxchenc re|c ver|e||on |n cesc of con|rec|s erc eccoun|co for on cs||me|co ces|s es pcr |crms of |hc
con|rec|s.
F. Oil and gas exploration costs
1. hc Compeny fo||ovs 'Succcssfu| |ffor|s Vc|hoo' for eccoun||n of o|| & es cxp|ore||on ec||v|||cs.
2. Cos| of survcys eno prospcc||n ec||v|||cs conouc|co |n scerch of o|| eno es |s cxpcnsco off |n |hc ycer |n vh|ch |hcsc erc |ncurrco.
3. /cqu|s|||on eno cxp|ore||on cos|s erc |n|||e||y cep||e||zco es '|xp|ore|ory vc||s-|n-prorcss' unocr Cep||e| vor|-|n-prorcss. Such cxp|ore|ory
vc||s |n prorcss erc cep||e||sco |n |hc ycer |n vh|ch |hc proouc|n propcr|y |s crce|co or |s vr|||cn off |n |hc ycer vhcn oc|crm|nco |o cc
ory/ecenoonco.
4. /|| vc||s unocr '|xp|ore|ory \c||s-|n-|rorcss' vh|ch erc morc |hen |vo ycers o|o from |hc oe|c of comp|c||on of or||||n erc cherco |o
s|e|cmcn| of pron| eno |oss, cxccp| |hosc vc||s vh|ch hevc provcn rcscrvcs eno |hc ocvc|opmcn| of |hc nc|os |n vh|ch |hc vc||s erc
|oce|co hes cccn p|ennco.
G. Development of coal mines
|xpcno||urc on cxp|ore||on eno ocvc|opmcn| of ncv coe| ocpos||s |s cep||e||zco es '|cvc|opmcn| of coe| m|ncs' unocr cep||e| vor|-|n-prorcss
|||| |hc m|ncs procc| |s crouh| |o rcvcnuc eccoun|.
H. Foreign currency transactions
1. |orc|n currcncy |rensec||ons erc |n|||e||y rccoroco e| |hc re|cs of cxchenc ru||n e| |hc oe|c of |rensec||on.
2. /| |hc ce|encc shcc| oe|c, forc|n currcncy monc|ery ||cms erc rcpor|co us|n |hc c|os|n re|c. |on-monc|ery ||cms ocnom|ne|co |n forc|n
currcncy erc rcpor|co e| |hc cxchenc re|c ru||n e| |hc oe|c of |rensec||on.
3. |xchenc o|ffcrcnccs er|s|n from sc|||cmcn|/|rens|e||on of forc|n currcncy |oens, ocpos||s/||ec|||||cs rc|e||n |o nxco essc|s/cep||e| vor|-
|n-prorcss |n rcspcc| of |rensec||ons cn|crco pr|or |o O1.O4.2OO4, erc eous|co |n |hc cerry|n cos| of rc|e|co essc|s. Such cxchenc
o|ffcrcnccs er|s|n from sc|||cmcn|/|rens|e||on of |on |crm forc|n currcncy monc|ery ||cms |n rcspcc| of |rensec||ons cn|crco on or ef|cr
O1.O4.2OO4 erc eous|co |n |hc cerry|n cos| of rc|e|co essc|s.
4. O|hcr cxchenc o|ffcrcnccs erc rccon|zco es |ncomc or cxpcnsc |n |hc pcr|oo |n vh|ch |hcy er|sc.
37
th
I. Borrowing costs
borrov|n cos|s e||r|cu|ec|c |o |hc nxco essc|s our|n cons|ruc||on/cxp|ore||on, rcnove||on eno moocrn|se||on erc cep||e||sco. Such corrov|n
cos|s erc eppor||onco on |hc evcrec ce|encc of cep||e| vor|-|n-prorcss for |hc ycer. O|hcr corrov|n cos|s erc rccon|sco es en cxpcnsc |n
|hc pcr|oo |n vh|ch |hcy erc |ncurrco.
J. Investments
1. Currcn| |nvcs|mcn|s erc ve|uco e| |ovcr of cos| eno fe|r ve|uc oc|crm|nco on en |no|v|oue| |nvcs|mcn| ces|s.
2. |on |crm |nvcs|mcn|s erc cerr|co e| cos|. |rov|s|on |s meoc for o|m|nu||on, o|hcr |hen |cmporery, |n |hc ve|uc of such |nvcs|mcn|s.
3. |rcm|um pe|o on |on |crm |nvcs|mcn|s |s emor||sco ovcr |hc pcr|oo rcme|n|n |o me|ur||y.
K. Inventories
1. lnvcn|or|cs erc ve|uco e| |hc |ovcr of, cos| oc|crm|nco on vc|h|co evcrec ces|s, eno nc| rce||zec|c ve|uc.
2. hc o|m|nu||on |n |hc ve|uc of ocso|c|c, unscrv|ccec|c eno surp|us s|orcs eno spercs |s esccr|e|nco on rcv|cv eno prov|oco for.
L. Income recognition
1. Se|c of cncry |s eccoun|co for cesco on |er|ff re|cs epprovco cy |hc Ccn|re| ||cc|r|c||y |cu|e|ory Comm|ss|on ,C||C) es moo|nco cy |hc
orocrs of /ppc||e|c r|cune| for ||cc|r|c||y |o |hc cx|cn| epp||cec|c. ln cesc of povcr s|e||ons vhcrc |hc |er|ff re|cs erc yc| |o cc epprovco,
prov|s|one| re|cs erc eoop|co.
2. /ovencc ee|ns| ocprcc|e||on cons|ocrco es ocfcrrco rcvcnuc |n cer||cr ycers |s |nc|uoco |n se|cs, |o |hc cx|cn| ocprcc|e||on rccovcrco |n
|er|ff our|n |hc ycer |s |ovcr |hen |hc corrcspono|n ocprcc|e||on cherco.
3. |xchenc o|ffcrcnccs on eccoun| of |rens|e||on of forc|n currcncy corrov|ns rccovcrec|c from or peyec|c |o |hc ccncnc|er|cs |n
sucscqucn| pcr|oos es pcr C||C er|ff |cu|e||ons erc eccoun|co es '|cfcrrco forc|n currcncy nuc|ue||on essc|/||ec||||y'. hc |ncrcesc or
occrcesc |n ocprcc|e||on for |hc ycer ouc |o |hc eccoun||n of such cxchenc o|ffcrcnccs es pcr eccoun||n po||cy no. | |s eous|co |n
ocprcc|e||on.
4. |xchenc o|ffcrcnccs er|s|n from sc|||cmcn|/|rens|e||on of monc|ery ||cms ocnom|ne|co |n forc|n currcncy ,o|hcr |hen |on |crm) |o |hc
cx|cn| rccovcrec|c from or peyec|c |o |hc ccncnc|er|cs |n sucscqucn| pcr|oos es pcr C||C er|ff |cu|e||ons erc eccoun|co es '|cfcrrco
forc|n currcncy nuc|ue||on essc|/||ec||||y' our|n cons|ruc||on pcr|oo eno eous|co from |hc ycer |n vh|ch |hc semc cccomcs rccovcrec|c/
peyec|c.
5. hc surcherc on |e|c peymcn|/ovcrouc sunory occ|ors for se|c of cncry |s rccon|zco vhcn no s|n|ncen| unccr|e|n|y es |o mcesurec||||y
or co||cc|ec||||y cx|s|s.
o. ln|crcs|/surcherc rccovcrec|c on eovenccs |o supp||crs es vc|| es verren|y c|e|ms/||qu|oe|co oemecs vhcrcvcr |hcrc |s unccr|e|n|y of
rce||se||on/ecccp|encc erc no| |rce|co es eccruco eno erc |hcrcforc, eccoun|co for on rccc|p|/ecccp|encc.
7. lncomc from consu||ency scrv|ccs |s eccoun|co for on |hc ces|s of ec|ue| prorcss/|cchn|ce| esscssmcn| of vor| cxccu|co, |n ||nc v||h |hc
|crms of rcspcc||vc consu||ency con|rec|s. C|e|ms for rc|mcurscmcn| of cxpcno||urc erc rccon|zco es o|hcr |ncomc, es pcr |hc |crms of
consu||ency scrv|cc con|rec|s.
8. Screp o|hcr |hen s|cc| screp |s eccoun|co for es eno vhcn so|o.
9. lnsurencc c|e|ms for |oss of pron| erc eccoun|co for |n |hc ycer of ecccp|encc. O|hcr |nsurencc c|e|ms erc eccoun|co for cesco on ccr|e|n|y
of rce||se||on.
M. Expenditure
a) Depreciation/amortisation
1. |cprcc|e||on on |hc essc|s of |hc cncre||on of c|cc|r|c||y cus|ncss |s cherco on s|re|h| ||nc mc|hoo fo||ov|n |hc re|cs eno
mc|hooo|oy no||nco cy |hc C||C er|ff |cu|e||ons, 2OO9 |n eccoroencc v||h Scc||on o1o ,c) of |hc Compen|cs /c|, 195o.
2. |cprcc|e||on on |hc essc|s of |hc coe| m|n|n, o|| & es cxp|ore||on eno consu||ency cus|ncss, |s cherco on s|re|h| ||nc mc|hoo
fo||ov|n |hc re|cs spcc|nco |n Schcou|c lv of |hc Compen|cs /c|, 195o.
3. |cprcc|e||on on |hc fo||ov|n essc|s |s prov|oco cesco on |hc|r cs||me|co uscfu| ||fc:
e) |u|che |oeos 2 ycers
c) |nec||n vor|s
- rcs|ocn||e| cu||o|ns |nc|uo|n |hc|r |n|crne| c|cc|r|nce||on. 15 ycers
- non-rcs|ocn||e| cu||o|ns |nc|uo|n |hc|r |n|crne| c|cc|r|nce||on, ve|cr supp|y, scvcrec & ore|nec
vor|s, re||vey s|o|ns, ecrooromcs, hc||peos eno e|rs|r|ps.
5 ycers
c) |crsone| compu|crs & |ep|ops |nc|uo|n pcr|phcre|s 5 ycers
o) |ho|ocop|crs eno fex mech|ncs 5 ycers
c) \e|cr coo|crs eno rcfr|cre|ors 12 ycers

4. |cprcc|e||on on eoo|||ons |o/ocouc||ons from nxco essc|s our|n |hc ycer |s cherco on pro-re|e ces|s from/up |o |hc mon|h |n vh|ch
|hc essc| |s eve||ec|c for usc/o|spose|.
5. /ssc|s cos||n up |o ` 5OOO/- erc fu||y ocprcc|e|co |n |hc ycer of ecqu|s|||on.
o. Cos| of sof|verc rccon|zco es |n|en|c|c essc|, |s emor||sco on s|re|h| ||nc mc|hoo ovcr e pcr|oo of |ce| r|h| |o usc or 3 ycers,
vh|chcvcr |s |css. O|hcr |n|en|c|c essc|s erc emor||zco on s|re|h| ||nc mc|hoo ovcr |hc pcr|oo of |ce| r|h| |o usc or ||fc of |hc
rc|e|co p|en|, vh|chcvcr |s |css.
37
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7. \hcrc |hc cos| of ocprcc|ec|c essc|s hes unocronc e chenc our|n |hc ycer ouc |o |ncrcesc/occrcesc |n |on |crm ||ec|||||cs
on eccoun| of cxchenc nuc|ue||on, pr|cc eous|mcn|, chenc |n ou||cs or s|m||er fec|ors, |hc unemor||sco ce|encc of such essc|
|s cherco off prospcc||vc|y ovcr |hc rcme|n|n uscfu| ||fc oc|crm|nco fo||ov|n |hc epp||cec|c eccoun||n po||c|cs rc|e||n |o
ocprcc|e||on/emor||se||on.
8. \hcrc |hc ||fc eno/or cfnc|cncy of en essc| |s |ncrcesco ouc |o rcnove||on eno moocrn|ze||on, |hc cxpcno||urc |hcrcon e|on-v||h ||s
unemor||zco ocprcc|ec|c emoun| |s cherco off prospcc||vc|y ovcr |hc rcv|sco uscfu| ||fc oc|crm|nco cy |cchn|ce| esscssmcn|.
9. Vech|ncry spercs vh|ch cen cc usco on|y |n conncc||on v||h en ||cm of p|en| eno mech|ncry eno |hc|r usc |s cxpcc|co |o cc |rrcu|er,
erc cep||e||sco eno fu||y ocprcc|e|co ovcr |hc rcs|oue| uscfu| ||fc of |hc rc|e|co p|en| eno mech|ncry.
1O. Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc compeny rcfcrrco |n po||cy |.4 |s emor||sco ovcr e pcr|oo of 4 ycers from |hc mon|h
|n vh|ch |hc nrs| un|| of procc| conccrnco comcs |n|o commcrc|e| opcre||on eno |hcrcef|cr from |hc mon|h |n vh|ch |hc rc|cven|
essc| cccomcs eve||ec|c for usc. |ovcvcr, s|m||er cxpcno||urc for commun||y ocvc|opmcn| |s cherco off |o rcvcnuc.
11. |cescho|o |eno eno cu||o|ns rc|e||n |o cncre||on of c|cc|r|c||y cus|ncss erc fu||y emor||sco ovcr 25 ycers or |cesc pcr|oo vh|chcvcr
|s |ovcr fo||ov|n |hc re|cs eno mc|hooo|oy no||nco cy C||C er|ff |cu|e||ons, 2OO9. |cescho|o |eno ecqu|rco on pcrpc|ue| |cesc
|s no| emor||sco.
12. |eno ecqu|rco for m|n|n cus|ncss unocr Coe| bcer|n /rces ,/cqu|s|||on & |cvc|opmcn|) /c|, 1957 |s emor||sco on |hc ces|s of
ce|encc uscfu| ||fc of |hc procc|. O|hcr |cescho|o |eno ecqu|rco for m|n|n cus|ncss |s emor||sco ovcr |hc |cesc pcr|oo or ce|encc
||fc of |hc procc| vh|chcvcr |s |css.
b) Other expenditure
13. |xpcnscs on cx-re||e peymcn|s unocr vo|un|ery rc||rcmcn| schcmc, |re|n|n & rccru||mcn| eno rcscerch & ocvc|opmcn| erc cherco
|o rcvcnuc |n |hc ycer |ncurrco.
14. |rc||m|nery cxpcnscs on eccoun| of ncv procc|s |ncurrco pr|or |o epprove| of fces|c||||y rcpor|/|cchno cconom|c c|cerencc erc
cherco |o rcvcnuc.
15. |c| prc-comm|ss|on|n |ncomc/cxpcno||urc |s eous|co o|rcc||y |n |hc cos| of rc|e|co essc|s eno sys|cms.
1o. |rcpe|o cxpcnscs eno pr|or pcr|oo cxpcnscs/|ncomc of ||cms of ` 1OO,OOO/- eno cc|ov erc cherco |o ne|ure| hceos of eccoun|s.
17. rens|| eno heno||n |osscs of coe| es pcr Compeny's norms erc |nc|uoco |n cos| of coe|.
N. Employee benets
1. Dened contribution plan
Compeny's con|r|cu||ons pe|o/peyec|c our|n |hc ycer |o prov|ocn| funo |s rccon|sco |n |hc s|e|cmcn| of pron| eno |oss. hc semc |s pe|o
|o e funo eom|n|s|crco |hrouh e scpere|c |rus|.
2. Dened benet plan
Compeny's ||ec||||y |overos re|u||y, |cevc ccncn|s ,|nc|uo|n compcnse|co ecscnccs), pos| rc||rcmcn| mco|ce| fec||||y eno o|hcr |crm|ne|
ccncn|s erc oc|crm|nco cy |nocpcnocn| ec|uery, e| ycer cno us|n |hc procc|co un|| crco|| mc|hoo. |es| scrv|cc cos|s erc rccon|sco on
e s|re|h| ||nc ces|s ovcr |hc evcrec pcr|oo un||| |hc ccncn|s cccomc vcs|co. /c|uer|e| e|ns eno |osscs erc rccon|sco |mmco|e|c|y |n |hc
s|e|cmcn| of pron| eno |oss. ||ec||||y for re|u||y es pcr ec|uer|e| ve|ue||on |s pe|o |o e funo eom|n|s|crco |hrouh e scpere|c |rus|.
3. Short term employee benets
hcsc erc rccon|sco es en cxpcnsc e| |hc uno|scoun|co emoun| |n |hc s|e|cmcn| of pron| eno |oss for |hc ycer |n vh|ch |hc rc|e|co scrv|ccs
erc rcnocrco.
O. Leases
1. Finance lease
1.1 /ssc|s |e|cn on nnencc |cesc erc cep||e||zco e| fe|r ve|uc or nc| prcscn| ve|uc of |hc m|n|mum |cesc peymcn|s, vh|chcvcr |s |css.
1.2 |cprcc|e||on on |hc essc|s |e|cn on nnencc |cesc |s cherco e| |hc re|c epp||cec|c |o s|m||er |ypc of nxco essc|s es pcr eccoun||n
po||cy no. V.e.1 or V.e.2. lf |hc |cesco essc|s erc rc|urnec|c |o |hc |cssor on |hc cxp|ry of |hc |cesc pcr|oo, ocprcc|e||on |s cherco
ovcr ||s uscfu| ||fc or |cesc pcr|oo, vh|chcvcr |s |css.
1.3 |cesc peymcn|s erc eppor||onco cc|vccn |hc nnencc chercs eno ou|s|eno|n ||ec||||y |n rcspcc| of essc|s |e|cn on |cesc.
2. Operating lease
/ssc|s ecqu|rco on |cesc vhcrc e s|n|ncen| por||on of |hc r|s| eno rcveros of |hc ovncrsh|p erc rc|e|nco cy |hc |cssor erc c|ess|nco es
opcre||n |cescs. |cesc rcn|e|s erc cherco |o rcvcnuc.
P. Impairment
hc cerry|n emoun| of cesh cncre||n un||s |s rcv|cvco e| cech ce|encc shcc| oe|c vhcrc |hcrc |s eny |no|ce||on of |mpe|rmcn| cesco on |n|crne|/
cx|crne| |no|ce|ors. /n |mpe|rmcn| |oss |s rccon|sco |n |hc s|e|cmcn| of pron| eno |oss vhcrc |hc cerry|n emoun| cxcccos |hc rccovcrec|c
emoun| of |hc cesh cncre||n un||s. /n |mpe|rmcn| |oss |s rcvcrsco |f |hcrc |s chenc |n |hc rccovcrec|c emoun| eno such |oss c||hcr no |oncr
cx|s|s or hes occrcesco.
Q. Provisions and contingent liabilities
/ prov|s|on |s rccon|sco vhcn |hc compeny hes e prcscn| oc||e||on es e rcsu|| of e pes| cvcn| eno || |s procec|c |he| en ou|nov of rcsourccs v|||
cc rcqu|rco |o sc|||c |hc oc||e||on eno |n rcspcc| of vh|ch e rc||ec|c cs||me|c cen cc meoc. |rov|s|ons erc oc|crm|nco cesco on menecmcn|
cs||me|c rcqu|rco |o sc|||c |hc oc||e||on e| |hc ce|encc shcc| oe|c eno erc no| o|scoun|co |o prcscn| ve|uc. Con||ncn| ||ec|||||cs erc o|sc|osco
on |hc ces|s of uomcn| of |hc menecmcn|/|nocpcnocn| cxpcr|s. hcsc erc rcv|cvco e| cech ce|encc shcc| oe|c eno erc eous|co |o rcncc|
|hc currcn| menecmcn| cs||me|c.
R. Cash ow statement
Cesh nov s|e|cmcn| |s prcperco |n eccoroencc v||h |hc |no|rcc| mc|hoo prcscr|cco |n /ccoun||n S|enoero ,/S) 3 on 'Cesh ||ov S|e|cmcn|s'.
37
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2. Share capital
` Crorc
As at 31.03.2013 31.O3.2O12
Equity share capital
Authorised
1O,OO,OO,OO,OOO shercs of per ve|uc `1O/- cech ,prcv|ous ycer
1O,OO,OO,OO,OOO shercs of per ve|uc `1O/- cech) 10,000.00 1O,OOO.OO
Issued, subscribed and fully paid-up
8,24,54,o4,4OO shercs of per ve|uc `1O/- cech ,prcv|ous ycer
8,24,54,o4,4OO shercs of per ve|uc `1O/- cech) 8,245.46 8,245.4o
e) |ur|n |hc ycer, |hc Compeny hes no| |ssuco/couh| cec| eny shercs.
c) |ur|n |hc ycer, Govcrnmcn| of lno|e hes o|vcs|co 9.5O% of |hc pe|o up cqu||y cep||e| of |hc Compeny cy vey of offcr for se|c |hrouh s|oc|
cxchenc mcchen|sm es prov|oco cy S|bl c|rcu|er Cl|/V||/||/18/2O12 oe|co 18
|h
!u|y 2O12 eno c|rcu|er no. Cl|/V||/||/O4/2O13 oe|co 25
|h

!enuery 2O13.
c) hc Compeny hes on|y onc c|ess of cqu||y shercs hev|n e per ve|uc `1O/- pcr sherc. hc ho|ocrs of |hc cqu||y shercs erc cn||||co |o rccc|vc
o|v|ocnos es occ|erco from ||mc |o ||mc eno erc cn||||co |o vo||n r|h|s propor||one|c |o |hc|r sherc ho|o|n e| |hc mcc||ns of shercho|ocrs.
o) |ur|n |hc ycer cnoco 31
s|
Verch 2O13, |hc emoun| of pcr sherc o|v|ocno rccon|sco es o|s|r|cu||on |o cqu||y sherc ho|ocrs ves ` 4.50 ,prcv|ous
ycer ` 4.OO) eno spcc|e| o|v|ocno of ` 1.25.
c) Details of shareholders holding more than 5% shares in the Company:
Particulars 31.03.2013 31.O3.2O12
No. of shares %age holding |o. of shercs %ec ho|o|n
- |rcs|ocn| of lno|e 6184098300 75.00 o9o73o118O 84.5O
- ||fc lnsurencc Corpore||on of lno|e 631294191 7.66 4871o7OO8 5.91
3. Reserves and surplus
` Crorc
As at 31.03.2013 31.O3.2O12
Capital reserve
/s pcr |es| nnenc|e| s|e|cmcn|s 153.62 151.88
/oo : rensfcr from surp|us 0.97 O.44
/oo : Gren|s rccc|vco our|n |hc ycer - 1.33
|css: /ous|mcn|s our|n |hc ycer 0.02 O.O3
154.57 153.o2
Securities premium account 2,228.11 2,228.11
Bonds redemption reserve
/s pcr |es| nnenc|e| s|e|cmcn|s 2,389.04 2,231.oo
/oo : rensfcr from surp|us 492.79 482.38
|css: rensfcr |o surp|us 346.50 325.OO
2,535.33 2,389.O4
General reserve
/s pcr |es| nnenc|e| s|e|cmcn|s 60,202.80 55,OO2.8O
/oo : rensfcr from surp|us 6,500.00 5,2OO.OO
66,702.80 oO,2O2.8O
Surplus
/s pcr |es| nnenc|e| s|e|cmcn|s 72.14 32.34
/oo: |ron| for |hc ycer es pcr S|e|cmcn| of |ron| & |oss 12,619.39 9,223.73
\r||c cec| from cono rcocmp||on rcscrvc 346.50 325.OO
|css: rensfcr |o cono rcocmp||on rcscrvc 492.79 482.38
rensfcr |o cep||e| rcscrvc 0.97 O.44
rensfcr |o cncre| rcscrvc 6,500.00 5,2OO.OO
||v|ocno pe|o 3,092.07 2,885.92
ex on o|v|ocno pe|o 501.61 4o5.O9
|roposco o|v|ocno 1,649.09 412.27
ex on proposco o|v|ocno 280.26 o2.83
|c| surp|us 521.24 72.14
Total 72,142.05 o5,O45.71
|ur|n |hc ycer, |hc Compeny hes pe|o |n|cr|m o|v|ocno ` 3.75 ,prcv|ous ycer ` 3.5O) pcr cqu||y sherc of per ve|uc ` 1O/- cech for |hc ycer 2O12-13.
|ur|hcr, |hc Compeny hes proposco nne| o|v|ocno of ` 2.00 ,|nc|uo|n spcc|e| o|v|ocno of ` 1.25) ,prcv|ous ycer ` O.5O) pcr cqu||y sherc of per ve|uc
` 1O/- cech for |hc ycer 2O12-13. hus, |hc |o|e| o|v|ocno ,|nc|uo|n |n|cr|m o|v|ocno) for |hc nnenc|e| ycer 2O12-13 |s ` 4.50 ,prcv|ous ycer ` 4.OO) pcr
cqu||y sherc of per ve|uc ` 1O/-cech eno spcc|e| o|v|ocno |s ` 1.25 pcr cqu||y sherc of per ve|uc ` 1O/-cech.
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4. Deferred revenue
` Crorc
As at 31.03.2013 31.O3.2O12
On eccoun| of eovencc ee|ns| ocprcc|e||on 708.60 718.47
On eccoun| of |ncomc from forc|n currcncy nuc|ue||on 535.45 711.59
Total 1,244.05 1,43O.Oo
e) /ovencc ee|ns| ocprcc|e||on ,//|) ves en c|cmcn| of |er|ff prov|oco unocr |hc er|ff |cu|e||ons for 2OO1-O4 eno 2OO4-O9 |o fec||||e|c occ|
scrv|c|n cy |hc cncre|ors s|ncc || ves cons|ocrco |he| ocprcc|e||on rccovcrco |n |hc |er|ff cons|ocr|n e uscfu| ||fc of 25 ycers |s no| eocque|c
for occ| scrv|c|n. houh |h|s emoun| |s no| rcpeyec|c |o |hc ccncnc|er|cs, |ccp|n |n v|cv |hc me|ch|n pr|nc|p|c, eno |n ||nc v||h |hc op|n|on
of |hc |xpcr| /ov|sory Comm|||cc ,|/C) of |hc lns|||u|c of Cher|crco /ccoun|en|s of lno|e ,lC/l), |h|s ves |rce|co es ocfcrrco rcvcnuc |o |hc
cx|cn| ocprcc|e||on chercec|c |n |hc eccoun|s |s cons|ocrco |o cc h|hcr |hen |hc ocprcc|e||on rccovcrec|c |n |er|ff |n fu|urc ycers. S|ncc //|
|s |n |hc ne|urc of ocfcrrco rcvcnuc eno oocs no| cons|||u|c e ||ec||||y, || hes cccn o|sc|osco |n |h|s no|c scpere|c|y from shercho|ocr's funos eno
||ec|||||cs.
c) ln ||nc v||h s|n|ncen| eccoun||n po||cy no. |.2 ,|o|c 1), en emoun| of ` 9.87 crore ,prcv|ous ycer ` 34.39 crorc) hes cccn rccon|zco our|n
|hc ycer from |hc //| eno |nc|uoco |n cncry se|cs ,|o|c 22).
c) |orc|n cxchenc re|c ver|e||on ,|||v) on forc|n currcncy |oens eno |n|crcs| |hcrcon |s rccovcrec|c from/peyec|c |o |hc cus|omcrs |n ||nc v||h
|hc er|ff |cu|e||ons. |ccp|n |n v|cv |hc op|n|on of |hc |/C of lC/l, |hc Compeny |s rccon|z|n ocfcrrco forc|n currcncy nuc|ue||on essc| cy
corrcspono|n crco|| |o ocfcrrco |ncomc from forc|n currcncy nuc|ue||on |n rcspcc| of |hc |||v on forc|n currcncy |oens or |n|crcs| |hcrcon
eous|co |n |hc cos| of nxco essc|s, vh|ch |s rccovcrec|c from |hc cus|omcrs |n fu|urc ycers es prov|oco |n eccoun||n po||cy no. |.3 ,|o|c 1).
h|s emoun| v||| cc rccon|zco es rcvcnuc corrcspono|n |o |hc ocprcc|e||on cherc |n fu|urc ycers. hc emoun| oocs no| cons|||u|c e ||ec||||y
|o cc o|scherco |n fu|urc pcr|oos eno hcncc, || hes cccn o|sc|osco scpere|c|y from shercho|ocr's funos eno ||ec|||||cs.
5. Long-term borrowings
` Crorc
As at 31.03.2013 31.O3.2O12
Bonds
Secured
9.25% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `1O,OO,OOO/- cech v||h
nvc cque| scpere|c|y |rensfcrec|c rcoccmec|c pr|nc|pe| per|s ,S|||) rcoccmec|c e| per e| |hc cno of
11
|h
ycer eno |n ennue| |ns|e||mcn|s |hcrcef|cr up|o |hc cno of 15
|h
ycer rcspcc||vc|y commcnc|n from
O4
|h
Vey 2O23 eno cno|n on O4
|h
Vey 2O27 ,|or|y four|h |ssuc - pr|ve|c p|eccmcn|)
vlll
500.00 -
8.48% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `1O,OO,OOO/- cech
rcoccmec|c e| per |n fu|| on 1
s|
Vey 2O23 ,Scvcn|ccn|h |ssuc - pr|ve|c p|eccmcn|)
l
50.00 5O.OO
9.OO% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `1O,OO,OOO/- cech v||h
11
|h
|h
ycer rcspcc||vc|y commcnc|n from
25
|h
!enuery 2O23 eno cno|n on 25
|h
!enuery 2O27 ,|or|y sccono |ssuc - pr|ve|c p|eccmcn|)
lll
500.00 5OO.OO
|h
Oc|occr 2O22 ,|or|y scvcn|h |ssuc - pr|ve|c p|eccmcn|)
vlll
390.00 -
|h
!enuery 2O21 ,h|r|y scvcn|h |ssuc - pr|ve|c p|eccmcn|)
lll
300.00 3OO.OO
8.73 % Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `1O,OO,OOO/- cech
s|
Verch 2O2O ,h|r|y |h|ro |ssuc- pr|ve|c p|eccmcn|)
lll
195.00 195.OO
8.78 % Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `1O,OO,OOO/- cech
|h
Verch 2O2O ,h|r|y nrs| |ssuc- pr|ve|c p|eccmcn|)
lll
500.00 5OO.OO
rcoccmec|c e| per |n nvc cque| ennue| |ns|e||mcn|s commcnc|n from o
|h
|ov 2O19 eno cno|n on o
|h

|ov 2O23 ,vcn|y scvcn|h |ssuc - pr|ve|c p|eccmcn|)
lll
350.00 35O.OO
|h
Vey 2O19 ,h|r||c|h |ssuc - pr|ve|c p|eccmcn|)
lll
700.00 7OO.OO
8.o5% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `1O,OO,OOO/- cech
|h
|ccruery 2O19 ,vcn|y n|n|h |ssuc - pr|ve|c p|eccmcn|)
lll
550.00 55O.OO
7.5O% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `1O,OO,OOO/- cech
|h
!enuery 2O19 ,||nc|ccn|h |ssuc - pr|ve|c p|eccmcn|)
ll
50.00 5O.OO
11% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `1O,OO,OOO/- cech
s|
|ovcmccr 2O18 ,vcn|y c|h|h |ssuc - pr|ve|c p|eccmcn|)
lll
1,000.00 1,OOO.OO
37
th
` Crorc
As at 31.03.2013 31.O3.2O12
9.3473% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `15,OO,OOO/- cech
v||h nf|ccn cque| scpere|c|y |rensfcrec|c rcoccmec|c pr|nc|pe| per|s ,S|||) rcoccmec|c e| per e| |hc
cno of o
|h
ycer eno |n ennue| |ns|e||mcn|s |hcrcef|cr up|o |hc cno of 2O
|h
ycer rcspcc||vc|y commcnc|n
from 2O
|h
!u|y 2O18 eno cno|n on 2O
|h
!u|y 2O32 ,|or|y s|x|h |ssuc - pr|ve|c p|eccmcn|)
vlll
75.00 -
9.437o% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `15,OO,OOO/- cech
cno of o
|h
|h
from 1o
|h
Vey 2O18 eno cno|n on 1o
|h
Vey 2O32 ,|or|y nf|h |ssuc - pr|ve|c p|eccmcn|)
vlll
75.00 -
8.OO% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `1O,OO,OOO/- cech
rcoccmec|c e| per |n fu|| on 1O
|h
/pr|| 2O18 ,S|x|ccn|h |ssuc -pr|ve|c p|eccmcn|)
l
100.00 1OO.OO
9.2573% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `15,OO,OOO/- cech
cno of o
|h
|h
from 2
no
Verch 2O18 eno cno|n on 2
no
Verch 2O32 ,|or|y |h|ro |ssuc - pr|ve|c p|eccmcn|)
lll
75.00 75.OO
9.o713 % Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `15,OO,OOO/- cech
cno of o
|h
|h
from 23
ro
|cccmcccr 2O17 eno cno|n on 23
ro
|cccmccr 2O31 ,|or|y nrs| |ssuc - pr|ve|c p|eccmcn|)
lll
.
75.00 75.OO
9.558 % Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `15,OO,OOO/- cech v||h
nf|ccn cque| scpere|c|y |rensfcrec|c rcoccmec|c pr|nc|pe| per|s ,S|||) rcoccmec|c e| per e| |hc cno of
o
|h
|h
ycer rcspcc||vc|y commcnc|n from 29
|h

!u|y 2O17 eno cno|n on 29
|h
!u|y 2O31 ,|or||c|h |ssuc - pr|ve|c p|eccmcn|)
lll
75.00 75.OO
9.389o% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `15,OO,OOO/- cech
cno of o
|h
|h
from 9
|h
!unc 2O17 eno cno|n on 9
|h
!unc 2O31 ,h|r|y n|n|h |ssuc - pr|ve|c p|eccmcn|)
lll
105.00 1O5.OO
9.17% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `15,OO,OOO/- cech v||h
o
|h
|h
no

Verch 2O17 eno cno|n on 22
no
Verch 2O31 ,h|r|y c|h|h |ssuc - pr|ve|c p|eccmcn|)
lll
.
75.00 75.OO
8.8O8o% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `15,OO,OOO/- cech
cno of o
|h
|h
from 15
|h
|cccmccr 2O1o eno cno|n on 15
|h
|cccmccr 2O3O ,h|r|y s|x|h |ssuc - pr|ve|c p|eccmcn|)
lll
75.00 75.OO
o
|h
|h
|h

Scp|cmccr 2O1o eno cno|n on 15
|h
Scp|cmccr 2O3O ,h|r|y nf|h |ssuc - pr|ve|c p|eccmcn|)
lll
120.00 12O.OO
o
|h
|h
ycer rcspcc||vc|y commcnc|n from 1O
|h

!unc 2O1o eno cno|n on 1O
|h
!unc 2O3O ,h|r|y four|h |ssuc - pr|ve|c p|eccmcn|)
lll
150.00 15O.OO
8.8493% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of ` 15,OO,OOO/- cech
cno of o
|h
|h
from 25
|h
Verch 2O1o eno cno|n on 25
|h
Verch 2O3O ,h|r|y sccono |ssuc - pr|ve|c p|eccmcn|)
lll
105.00 1O5.OO
four|ccn scpere|c|y |rensfcrec|c rcoccmec|c pr|nc|pe| per|s ,S|||) rcoccmec|c e| per scm|-ennue||y
commcnc|n from 4
|h
|h
|cccmccr 2O18 ,vcn|y nf|h |ssuc - pr|ve|c
p|eccmcn|)
lll
357.00 428.5O
9.Oo% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `7O,OO,OOO/- cech v||h
four|ccn scpere|c|y |rensfcrec|c rcoccmec|c pr|nc|pe| per|s ,S|||) rcoccmec|c e| per scm|-ennue||y
commcnc|n from 4
|h
|h
|cccmccr 2O18 ,vcn|y s|x|h |ssuc - pr|ve|c
p|eccmcn|)
lll
357.00 428.5O
8.oO77% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `2O,OO,OOO/- cech
v||h |vcn|y cque| scpere|c|y |rensfcrec|c rcoccmec|c pr|nc|pe| per|s ,S|||) rcoccmec|c e| per scm|-
ennue||y commcnc|n from 9
|h
Scp|cmccr 2O11 eno cno|n on 9
|h
Verch 2O21 ,vcn|y four|h |ssuc
- pr|ve|c p|eccmcn|)
lv
350.00 4OO.OO
8.379o% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos of `2O,OO,OOO/- cech
|h
/uus| 2O11 eno cno|n on 5
|h
|ccruery 2O21 ,vcn|y |h|ro |ssuc - pr|ve|c
p|eccmcn|)
lv
350.00 4OO.OO
37
th
` Crorc
As at 31.03.2013 31.O3.2O12
no
!u|y 2O11 eno cno|n on 2
no
!enuery 2O21 ,vcn|y sccono |ssuc - pr|ve|c
p|eccmcn|)
lv
350.00 4OO.OO
no
/uus| 2O1O eno cno|n on 2
no
|ccruery 2O2O ,vcn|y nrs| |ssuc - pr|ve|c
p|eccmcn|)
v
600.00 7OO.OO
ro
Scp|cmccr 2OO9 eno cno|n on 23
ro
Verch 2O19 ,vcn||c|h lssuc -
pr|ve|c p|eccmcn|)
vl
250.00 3OO.OO
o
|h
|h
ycer rcspcc||vc|y from 15
|h
Scp|cmccr
2OO3 ,||h|ccn|h |ssuc - pr|ve|c p|eccmcn|)
vll
- 1OO.OO
9.55% Sccurco non-cumu|e||vc non-convcr||c|c |exec|c rcoccmec|c conos of `1O,OO,OOO/- cech v||h
|cn cque| scpere|c|y |rensfcrec|c rcoccmec|c pr|nc|pe| per|s ,S|||) rcoccmec|c e| per e| |hc cno of |hc
o
|h
|h
ycer rcspcc||vc|y from 3O
|h
/pr|| 2OO2
,h|r|ccn|h |ssuc - |er| b - pr|ve|c p|eccmcn|)
l
300.00 375.OO
9.55% Sccurco non-cumu|e||vc non-convcr||c|c |exec|c rcoccmec|c conos of `1O,OO,OOO/- cech
rcoccmec|c e| per |n |cn cque| ennue| |ns|e||mcn|s commcnc|n from |hc cno of o
|h
ycer eno up|o |hc
cno of 15
|h
ycer rcspcc||vc|y from 18
|h
/pr|| 2OO2 ,h|r|ccn|h |ssuc -|er| / - pr|ve|c p|eccmcn|)
l
300.00 375.OO
Unsecured
|h
Verch 2O23 ,|or|y c|h|h |ssuc-pr|ve|c p|eccmcn|)
*
300.00 -
9,704.00 9,O57.OO
Foreign currency notes
Unsecured
4.75 % ||xco re|c no|cs ouc for rcpeymcn| on 3
ro
Oc|occr 2O22 2,745.50 -
5.o25 % ||xco re|c no|cs ouc for rcpeymcn| on 14
|h
!u|y 2O21 2,745.50 2,581.5O
5.875 % ||xco re|c no|cs ouc for rcpeymcn| on 2
no
Verch 2O1o 1,647.30 1,548.9O
Term loans
From Banks
Unsecured
|orc|n currcncy |oens 4,766.70 3,927.15
|upcc |oens 13,884.90 9,4o3.52
From Others
Secured
|orc|n currcncy |oen ,ueren|cco cy GOl) - 99.O9
Unsecured
|orc|n currcncy |oens ,ueren|cco cy GOl) 2,604.09 2,999.49
O|hcr forc|n currcncy |oens 1,864.55 1,872.51
|upcc |oens 13,090.55 14,358.43
Deposits
Unsecured
||xco ocpos||s 0.52 O.47
Others
Unsecured
bonos epp||ce||on moncy pcno|n e||o||mcn|
**
200.00 -
Long term maturities of nance lease obligations (Secured)
X
0.05 O.21
Total 53,253.66 45,9O8.27
* |orme||||cs for crce||on of sccur||y es pcr |crms of cono |ssuc erc |n prorcss.
** bono epp||ce||on moncy rccc|vco |n rcspcc| of 8.8O% Sccurco non-cumu|e||vc non-convcr||c|c rcoccmec|c |exec|c conos
of ` 1O,OO,OOO/- cech rcoccmec|c e| per |n fu|| on 4
|h
/pr|| 2O13 ,|or|y n|n|h |ssuc-pr|ve|c p|eccmcn|).
37
th
e) Details of terms of repayment and rate of interest
` Crorc
Particulars Non current portion Current portion
Term loans 31.03.2013 31.O3.2O12 31.03.2013 31.O3.2O12
Sccurco
|orc|n currcncy |oen ,ueren|cco cy GOl) - O|hcrs - 99.O9 96.44 18o.38
- 99.O9 96.44 18o.38
0nsccurco
|orc|n currcncy |oens ,ueren|cco cy GOl) - O|hcrs 2,604.09 2,999.49 171.73 183.o4
|orc|n currcncy |oens - ben|s 4,766.70 3,927.15 233.59 219.o4
O|hcr forc|n currcncy |oens - O|hcrs 1,864.55 1,872.51 576.19 o4o.O4
|upcc |oens - ben|s 13,884.90 9,4o3.52 1,753.63 1,o89.85
|upcc |oens - O|hcrs 13,090.55 14,358.43 1,367.73 74O.33
36,210.79 32,o21.1O 4,102.87 3,479.5O
Fixed deposits (unsecured) 0.52 O.47 0.11 11.79
|) Sccurco |orc|n Currcncy |oen ,ueren|cco cy GOl) cerr|cs noe||n re|c of |n|crcs| ||n|co |o Currcncy \c|h|co |lbO| eno |s rcpeyec|c on !unc
15, 2O13.
||) 0nsccurco |orc|n Currcncy |oens ,ueren|cco cy GOl) - O|hcrs cerry nxco re|c of |n|crcs| ren|n from 1.8O% p.e. |o 2.3O% p.e. eno erc
rcpeyec|c |n 27 |o 3o scm| ennue| |ns|e||mcn|s es of 31
s|
Verch 2O13.
|||) 0nsccurco |orc|n Currcncy |oens ben|s |nc|uoc |oens of ` 591.81 Crore ,prcv|ous ycer ` o35.95 Crorc) vh|ch cerry nxco re|c of |n|crcs| of
4.31% p.e. eno |oens of ` 4,408.48 Crore ,prcv|ous ycer ` 3,51O.84 Crorc) vh|ch cerry noe||n re|c of |n|crcs| ||n|co |o oV |lbO|. hcsc |oens
erc rcpeyec|c |n 2 |o 2o scm|ennue| |ns|e|mcn|s es of 31
s|
Verch 2O13, commcnc|n ef|cr more|or|um pcr|oo |f eny, es pcr |hc |crms of |hc
rcspcc||vc |oen erccmcn|s.
|v) 0nsccurco |orc|n Currcncy |oens O|hcrs |nc|uoc |oens of ` 1,071.57 Crore ,prcv|ous ycer ` o54.4O Crorc) vh|ch cerry nxco re|c of |n|crcs|
ren|n from 3.5O% p.e. |o 4.31% p.e., |oens of ` 1,277.60 Crore ,prcv|ous ycer ` 1,o75.48 Crorc) vh|ch cerry noe||n re|c of |n|crcs| ||n|co
|o oV |lbO| / oV |0|lbO| eno e |oen of ` 91.57 Crore ,prcv|ous ycer ` 188.o7 Crorc) vh|ch cerr|cs noe||n re|c of |n|crcs| ||n|co |o |hc cos|
of corrov|ns of |hc Vu||||e|cre| /cncy |cnocr. hcsc |oens erc rcpeyec|c |n 2 |o 24 scm|ennue| |ns|e||mcn|s es of 31
s|
Verch 2O13, commcnc|n
ef|cr more|or|um pcr|oo |f eny, es pcr |hc |crms of |hc rcspcc||vc |oen erccmcn|s.
v) 0nsccurco rupcc |crm |oens cerry |n|crcs| ren|n from 5.7O7% |o 12.75% p.e. v||h mon|h|y/quer|cr|y/he|f-ycer|y rcs|s. hcsc |oens erc
rcpeyec|c |n quer|cr|y/he|f-ycer|y/ycer|y |ns|e||mcn|s es pcr |hc |crms of |hc rcspcc||vc |oen erccmcn|s. hc rcpeymcn| pcr|oo cx|cnos from e
pcr|oo of nvc |o nf|ccn ycers ef|cr e more|or|um pcr|oo of s|x mon|hs |o nvc ycers.
v|) 0nsccurco nxco ocpos||s cerry |n|crcs| o.75% |o 8.OO% p.e. peyec|c quer|cr|y/mon|h|y for non-cumu|e||vc schcmcs eno on me|ur||y |n cesc
of cumu|e||vc schcmcs compounoco quer|cr|y. hc ocpos||s erc rcpeyec|c our|n e pcr|oo of onc |o |hrcc ycers from |hc oe|c of |ssuc.
c)
hc nnencc |cesc oc||e||ons erc rcpeyec|c |n |ns|e||mcn|s es pcr |hc |crms of |hc rcspcc||vc |cesc erccmcn|s cncre||y ovcr e pcr|oo of four ycers.
c)
hcrc hes cccn no ocfeu|| |n rcpeymcn| of eny of |hc |oens or |n|crcs| |hcrcon es e| |hc cno of |hc ycer.
37
th
Details of securities
l Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |qu||ec|c mor|ec, cy
vey of nrs| cherc, cy ocpos|| of ||||c occos of |hc |mmovec|c propcr||cs pcr|e|n|n |o |e||one| Cep||e| |ovcr S|e||on.
ll Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |ypo|hcce||on of e||
|hc prcscn| eno fu|urc movec|c essc|s ,cxc|uo|n rccc|vec|cs) of S|nreu|| Supcr hcrme| |ovcr S|e||on, /n|e Ges |ovcr S|e||on, /ure|ye Ges |ovcr
S|e||on, berh Supcr hcrme| |ovcr |rocc|, |ere||e Supcr hcrme| |ovcr S|e||on, |ehe|eon Supcr hcrme| |ovcr S|e||on, |o|oem |yoc| |ovcr
|rocc|, S|mheor| Supcr hcrme| |ovcr |rocc|, S|pe| Supcr hcrme| |ovcr |rocc|, e|chcr hcrme| |ovcr S|e||on, e|chcr Supcr hcrme| |ovcr
|rocc|, enoe hcrme| |ovcr S|e||on, v|nohyeche| Supcr hcrme| |ovcr S|e||on, |e||one| Cep||e| |ovcr S|e||on, |eor| Ges |ovcr S|e||on, |crozc
Genoh| 0ncheher |ovcr S|e||on, |oher|ne |e|e |yoro |ovcr |rocc| eno epoven-v|shnueo |yoro |ovcr |rocc| es nrs| cherc, ren||n per|-
pessu v||h cherc, |f eny, e|rceoy crce|co |n fevour of |hc Compeny's ben|crs on such movec|c essc|s hypo|hcce|co |o |hcm for vor||n cep||e|
rcqu|rcmcn|.
lll Sccurco cy ,l) |n||sh mor|ec, on nrs| per| pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |qu||ec|c mor|ec of
|hc |mmovec|c propcr||cs, on nrs| per|-pessu cherc ces|s, pcr|e|n|n |o S|pe| Supcr hcrme| |ovcr |rocc| cy cx|cns|on of cherc e|rceoy
crce|co.
lv Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll)|qu||ec|c mor|ec, cy
vey of nrs| cherc, cy ocpos|| of |hc ||||c occos of |hc |mmovec|c propcr||cs pcr|e|n|n |o S|pe| Supcr hcrme| |ovcr |rocc|.
v Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce|, ,ll) |ypo|hcce||on of e|| |hc
prcscn| eno fu|urc movec|c essc|s ,cxc|uo|n rccc|vec|cs) of berh Supcr hcrme| |ovcr |rocc| on nrs| per|-pesu cherc ces|s, ren||n per| pessu
v||h cherc e|rceoy crce|co |n fevour of rus|cc for o|hcr Scr|cs of bonos eno ,lll) |qu||ec|c mor|ec of |hc |mmovec|c propcr||cs, on nrs| per|-
pessu cherc ces|s, pcr|e|n|n |o |emeunoem Supcr hcrme| |ovcr S|e||on cy cx|cns|on of cherc e|rceoy crce|co.
vl Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |qu||ec|c mor|ec, cy
vey of nrs| cherc, cy ocpos|| of ||||c occos of |hc |mmovec|c propcr||cs pcr|e|n|n |o |emeunoem Supcr hcrme| |ovcr S|e||on.
vll Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce|, ,ll) |ypo|hcce||on of e|| |hc
prcscn| eno fu|urc movec|c essc|s ,cxc|uo|n rccc|vec|cs) of S|nreu|| Supcr hcrme| |ovcr S|e||on, /n|e Ges |ovcr S|e||on, /ure|ye Ges |ovcr
Genoh| 0ncheher |ovcr S|e||on, |oher|ne |e|e |yoro |ovcr |rocc| eno epoven-v|shnueo |yoro |ovcr |rocc| es nrs| cherc, ren||n per|-pessu
v||h cherc, |f eny, e|rceoy crce|co |n fevour of |hc Compeny's ben|crs on such movec|c essc|s hypo|hcce|co |o |hcm for vor||n cep||e|
rcqu|rcmcn| eno ,lll) |qu||ec|c mor|ec of |hc |mmovec|c propcr||cs, on nrs| per|-pessu cherc ces|s, pcr|e|n|n |o |e||one| Cep||e| |ovcr S|e||on
cy cx|cns|on of cherc e|rceoy crce|co.
vlll Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce|, ,ll) |qu||ec|c mor|ec of |hc
|mmovec|c propcr||cs, on nrs| per|-pessu cherc ces|s, pcr|e|n|n |o |e||one| Cep||e| |ovcr S|e||on cy cx|cns|on of cherc e|rceoy crce|co.
l Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce|, ,ll) |ypo|hcce||on of e|| |hc
Genoh| 0ncheher |ovcr S|e||on, |oher|ne |e|e |yoro |ovcr |rocc| eno epoven-v|shnueo |yoro |ovcr |rocc| es nrs| cherc, ren||n per|-pessu
v||h cherc, |f eny, e|rceoy crce|co |n fevour of |hc Compeny's ben|crs on such movec|c essc|s hypo|hcce|co |o |hcm for vor||n cep||e|
rcqu|rcmcn| eno ,lll) |qu||ec|c mor|ec of |hc |mmovec|c propcr||cs, on nrs| per|-pessu cherc ces|s, pcr|e|n|n |o S|nreu|| Supcr hcrme| |ovcr
S|e||on cy cx|cns|on of cherc e|rceoy crce|co.
Sccurco ee|ns| nxco essc|s oc|e|nco unocr nnencc |cesc.
l Sccur||y covcr mcn||onco e| s|. no. l |o l |s ecovc 1OO% of |hc occ| sccur|||cs ou|s|eno|n.
37
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6. Deferred tax liabilities (net)
` Crorc
/s e|
O1.O4.2O12
/oo|||ons/
,/ous|mcn|s)
our|n |hc ycer
As at
31.03.2013
|cfcrrco |ex ||ec||||y
||ffcrcncc of coo| ocprcc|e||on eno |ex ocprcc|e||on o,OO2.O2 321.O4 6,323.06
|css: |cfcrrco |ex essc|s
|rov|s|ons & o|hcr o|se||ovenccs for |ex purposcs 1,O98.1o ,322.24) 775.92
||se||ovenccs u/s 43b of |hc lncomc ex /c|, 19o1 329.4O 4.O9 333.49
4,574.4o o39.19 5,213.65
|css: |ccovcrec|c from ccncnc|er|cs 3,937.5o 3oO.79 4,298.35
Total o3o.9O 278.4O 915.30
e) hc nc| |ncrcesc our|n |hc ycer |n |hc ocfcrrco |ex ||ec||||y of ` 278.40 crore ,prcv|ous ycer ` 33.95 crorc) hes cccn occ||co |o S|e|cmcn| of
|ron| eno |oss.
c) |cfcrrco |ex essc|s eno ocfcrrco |ex ||ec|||||cs hevc cccn offsc| es |hcy rc|e|c |o |hc semc ovcrn|n |evs.
7. Other long-term liabilities
` Crorc
As at 31.03.2013 31.O3.2O12
reoc peyec|cs 6.47 5.O7
|cfcrrco forc|n currcncy nuc|ue||on ||ec||||y 135.60 134.43
O|hcr ||ec|||||cs
|eyec|c for cep||e| cxpcno||urc 1,823.64 1,589.28
O|hcrs 0.28 O.28
Total 1,965.99 1,729.Oo
e) ||sc|osurc v.r.|. m|cro eno sme|| cn|crpr|scs es rcqu|rco cy |hc V|cro, Sme|| eno Vco|um |n|crpr|scs |cvc|opmcn| /c|, 2OOo ,VSV|| /c|) |s
meoc |n |o|c 48.
c) ln ||nc v||h eccoun||n po||cy no.|.3 ,|o|c 1), ocfcrrco forc|n currcncy nuc|ue||on ||ec||||y |o |hc cx|cn| of ` 1.17 crore ,prcv|ous ycer ` 37.89
crorc) hes cccn meoc our|n |hc ycer.
c) O|hcr ||ec|||||cs - O|hcrs |nc|uoc ocpos||s rccc|vco from con|rec|ors, cus|omcrs eno per||cs |overos se|c of screp c|c.
8. Long-term provisions
` Crorc
As at 31.03.2013 31.O3.2O12
|rov|s|on for cmp|oycc ccncn|s
Opcn|n ce|encc 603.70 5o1.9O
/oo|||ons/,eous|mcn|s) our|n |hc ycer 136.22 41.8O
Total 739.92 oO3.7O
e) ||sc|osurc rcqu|rco cy /S 15 on '|mp|oyccs ccncn|s' hes cccn meoc |n |o|c 38.
37
th
9. Trade payables
` Crorc
As at 31.03.2013 31.O3.2O12
|or ooos eno scrv|ccs 5,158.77 4,4oO.o5
||sc|osurc v.r.|. m|cro eno sme|| cn|crpr|scs es rcqu|rco cy |hc VSV|| /c| |s meoc |n |o|c 48.
10. Other current liabilities
` Crorc
As at 31.03.2013 31.O3.2O12
Currcn| me|ur|||cs of |on |crm corrov|ns
bonos - Sccurco 693.00 o93.OO
|rom ben|s
0nsccurco
|orc|n currcncy |oens 233.59 219.o4
|upcc |crm |oens 1,753.63 1,o89.85
|rom O|hcrs
Sccurco
|orc|n currcncy |oen ,ueren|cco cy GOl) 96.44 18o.38
0nsccurco
|orc|n currcncy |oens ,ueren|cco cy GOl) 171.73 183.o4
O|hcr forc|n currcncy |oens 576.19 o4o.O4
|upcc |crm |oens 1,367.73 74O.33
||xco ocpos||s 0.11 11.79
4,892.42 4,37O.o7
Currcn| me|ur|||cs of nnencc |cesc oc|||||ons -Sccurco 0.22 O.43
ln|crcs| eccruco cu| no| ouc on corrov|ns 626.52 499.81
0npe|o o|v|ocnos 15.65 11.48
0npe|o me|urco ocpos||s eno |n|crcs| eccruco |hcrcon 0.20 O.2o
0npe|o me|urco conos eno |n|crcs| eccruco |hcrcon 0.59 O.59
boo| ovcroref| 17.23 2.9o
/ovenccs from cus|omcrs eno o|hcrs 323.43 289.1o
|eyec|c for cep||e| cxpcno||urc 3,512.68 3,5O3.75
O|hcr peyec|cs
ex ocouc|co e| sourcc eno o|hcr s|e|u|ory oucs 162.69 154.31
|cpos||s from con|rec|ors eno o|hcrs 102.19 92.92
Gre|u||y oc||e||ons 93.12 oO.1o
|eyec|c |o cmp|oyccs 452.54 318.O2
O|hcrs 247.24 232.72
Total 10,446.72 9,537.24
e) 0npe|o o|v|ocnos, me|urco ocpos||s eno conos |nc|uo|n |hc |n|crcs| eccruco |hcrcon |nc|uoc |hc emoun|s vh|ch hevc no| cccn c|e|mco cy
|hc |nvcs|or/ho|ocrs of |hc cqu||y shercs/conos/nxco ocpos||s. Ou| of |hc ecovc, no emoun| |s ouc for peymcn| |o |nvcs|or couce||on eno
pro|cc||on funo.
c) |c|e||s |n rcspcc| of re|c of |n|crcs| eno |crms of rcpeymcn| of sccurco eno unsccurco currcn| me|ur|||cs of |on |crm corrov|ns |no|ce|co
ecovc erc o|sc|osco |n |o|c 5.
c) O|hcr peyec|cs - O|hcrs |nc|uoc emoun| peyec|c |o hosp||e|s, rc||rco cmp|oyccs c|c.
o) |eyec|c for cep||e| cxpcno||urc |nc|uocs ||ec|||||cs of ` 378.77 crore ,prcv|ous ycer ` 371.O1 crorc) |overos en cqu|pmcn| supp||cr pcno|n
cve|ue||on of pcrformencc eno ueren|cc |cs| rcsu||s of s|cem/|urc|nc cncre|ors e| somc of |hc s|e||ons. |cno|n sc|||cmcn|, ||qu|oe|co oemecs
rccovcrec|c for shor|fe|| |n pcrformencc of |hcsc cqu|pmcn|s, |f eny, hevc no| cccn rccon|sco.
37
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11. Short-term provisions
` Crorc
As at 31.03.2013 31.O3.2O12
Opcn|n ce|encc 1,143.84 1,17O.O7
/oo|||ons/,eous|mcn|s) our|n |hc ycer 279.80 ,2o.23)
C|os|n ce|encc 1,423.64 1,143.84
|rov|s|on for proposco o|v|ocno
Opcn|n ce|encc 412.27 o59.o3
/oo|||ons our|n |hc ycer 1,649.09 412.27
/moun|s pe|o our|n |hc ycer 412.27 o59.o3
C|os|n ce|encc 1,649.09 412.27
|rov|s|on for |ex on proposco o|v|ocno
Opcn|n ce|encc 62.83 1O3.93
/oo|||ons our|n |hc ycer 280.26 o2.83
/moun|s pe|o our|n |hc ycer 62.83 1O3.93
C|os|n ce|encc 280.26 o2.83
|rov|s|on for oc||e||ons |nc|ocn|e| |o |eno ecqu|s|||on
Opcn|n ce|encc 340.08 255.4O
/oo|||ons our|n |hc ycer 1,850.25 124.4O
/moun|s pe|o our|n |hc ycer 129.07 25.2O
/moun|s rcvcrsco our|n |hc ycer 7.32 14.52
C|os|n ce|encc 2,053.94 34O.O8
|rov|s|on for |er|ff eous|mcn|
Opcn|n ce|encc 1,213.70 -
/oo|||ons our|n |hc ycer 103.24 1,52o.45
/moun|s rcvcrsco our|n |hc ycer - 312.75
C|os|n ce|encc 1,316.94 1,213.7O
|rov|s|on for shor|ec |n nxco essc|s pcno|n |nvcs||e||on
Opcn|n ce|encc 1.31 1.OO
/oo|||ons our|n |hc ycer 0.27 O.74
/moun|s eous|co our|n |hc ycer 0.10 O.O7
/moun|s rcvcrsco our|n |hc ycer 0.39 O.3o
C|os|n ce|encc 1.09 1.31
O|hcrs
Opcn|n ce|encc 59.66 17.8o
/oo|||ons our|n |hc ycer 220.83 41.9O
/moun|s eous|co our|n |hc ycer 0.51 -
/moun|s rcvcrsco our|n |hc ycer 0.40 O.1O
C|os|n ce|encc 279.58 59.oo
Total 7,004.54 3,233.o9
e) ||sc|osurc rcqu|rco cy /S 15 on '|mp|oyccs bcncn|s' hes cccn meoc |n |o|c 38.
c) ln |crms of u|oc||ncs of |cper|mcn| of |uc||c |n|crpr|scs ,|||), Govcrnmcn| of lno|e ,GOl) oe|co 2o.11.2OO8 eno O2.O4.2OO9 eno sucsqucn|
c|er|nce||on |ssuco cy |hc |||, |hc Compeny |s e||ovco |o con|r|cu|c up|o 3O% of cmp|oyccs se|ery ,ces|c pey p|us |/) |overos supcrennue||on
ccncn|s |nc|uo|n pcns|on v.c.f. 1
s|
!enuery 2OO7. Conscqucn| upon rccc|p| of epprove| from |hc V|n|s|ry of |ovcr ,Vo|), GOl for |n|roouc||on
of e ocnnco con|r|cu||on pcns|on schcmc |n |hc Compeny v.c.f 1
s|
!enuery 2OO7, e scpere|c pcns|on |rus| hes cccn formco for eom|n|s|re||on
of |hc pcns|on schcmc. hc pcns|on schcmc |s yc| |o cc meoc opcre||one| es c|er|nce||on on ccr|e|n |ssucs rcfcrrco |o Vo| eno ||| erc eve||co.
|cno|n |h|s, en emoun| of ` 156.90 crore ,prcv|ous ycer ` 174.55 crorc) for |hc ycer eno ` 458.40 crore up |o 31
s|
Verch 2O13 ,up|o |hc
prcv|ous ycer ` 3O1.5O crorc) hes cccn prov|oco eno |nc|uoco |n prov|s|on for cmp|oycc ccncn|s.
c) |rov|s|on for |er|ff eous|mcn| - eoo|||on our|n |hc ycer |nc|uocs ,-) ` 45.95 crore ,|rcv|ous ycer ` |||) rccon|sco es se|cs on eccoun| of |hc
|mpec| of |hc che||cnco |ssucs of |hc /||| uocmcn| ,|cfcr |o|c 22).
o) O|hcr prov|s|ons |nc|uoc ` 46.27 crore ,prcv|ous ycer ` 41.19 crorc) |overos cos| of unnn|shco m|n|mum vor| proremmc ocmenoco cy |hc
V|n|s|ry of |c|ro||um eno |e|ure| Ges ,Vo|&|G) |nc|uo|n |n|crcs| |hcrcon |n rc|e||on |o c|oc| //-O||-2OO3/2 _|cfcr |o|c 45 ,c) ,||), eno
` 200.84 crore ,prcv|ous ycer ` 18.O7 crorc) |overos prov|s|on for ||||e||on cescs.
37
th
12. Tangible assets
` Crorc
Gross b|oc| |cprcc|e||on//mor||se||on |c| b|oc|
/s e| |couc||ons/ As at 0p|o |or |couc||ons/ Upto As at /s e|
O1.O4.2O12 /oo|||ons /ous|mcn|s 31.03.2013 O1.O4.2O12 |hc ycer /ous|mcn|s 31.03.2013 31.03.2013 31.O3.2O12
|eno
,|nc|uo|n ocvc|opmcn| cxpcnscs)
|rccho|o 2,147.32 1,131.42 ,782.21) 4,060.95 - - - - 4,060.95 2,147.32
|cescho|o o5O.O5 75O.58 ,44.52) 1,445.15 131.o4 2o.7o - 158.40 1,286.75 518.41
|oeos, cr|ocs, cu|vcr|s & hc||peos 519.47 o1.o3 ,2.83) 583.93 18O.OO 23.88 ,O.O1) 203.89 380.04 339.47
bu||o|n
|rccho|o
Ve|n p|en| 3,393.o9 1,O97.95 ,o3.41) 4,555.05 1,212.32 121.59 ,O.O1) 1,333.92 3,221.13 2,181.37
O|hcrs 2,27O.7O 21O.59 ,8.91) 2,490.20 8o7.12 99.9O ,O.17) 967.19 1,523.01 1,4O3.58
|cescho|o 5O.18 - O.29 49.89 24.o5 2.94 O.18 27.41 22.48 25.53
cmporery crcc||on 3O.39 4.2O ,O.1O) 34.69 3O.O3 2.32 - 32.35 2.34 O.3o
\e|cr supp|y, ore|nec & scvcrec
sys|cm
oO2.82 41.35 ,1.14) 645.31 293.11 21.83 O.O2 314.92 330.39 3O9.71
VG| |rec| eno s|ne|||n sys|cm 1,238.O5 24.o5 ,o3.15) 1,325.85 588.75 41.O7 - 629.82 696.03 o49.3O
|e||vey s|o|n 37o.84 5o.oO ,7.o4) 441.08 153.o8 19.35 - 173.03 268.05 223.1o
|er|h oem rcscrvo|r 277.45 8.32 ,O.79) 286.56 94.2O 13.78 - 107.98 178.58 183.25
||en| eno cqu|pmcn| o8,248.78 15,88O.1o ,947.OO) 85,075.94 31,883.8o 3,412.1o 131.4o 35,164.56 49,911.38 3o,3o4.92
|urn||urc eno nx|urcs 381.87 3o.O4 3.29 414.62 231.54 1o.93 2.44 246.03 168.59 15O.33
vch|c|cs |nc|uo|n spccocoe|s
Ovnco 11.oo O.o9 1.32 11.03 5.73 O.o9 O.o8 5.74 5.29 5.93
|cesco 1.99 - ,O.17) 2.16 1.39 O.52 - 1.91 0.25 O.oO
Ofncc cqu|pmcn| 139.27 21.93 2.74 158.46 71.28 8.97 2.99 77.26 81.20 o7.99
|||, \| mech|ncs eno se|com
cqu|pmcn|
3o4.82 39.12 13.o7 390.27 254.11 2o.7O 12.2o 268.55 121.72 11O.71
Cons|ruc||on cqu|pmcn|s 144.88 14.38 1.o3 157.63 78.43 8.71 2.o5 84.49 73.14 oo.45
||cc|r|ce| |ns|e||e||ons 321.34 oo.32 ,2.94) 390.60 15O.47 12.45 O.2O 162.72 227.88 17O.87
Commun|ce||on cqu|pmcn|s 92.78 3.38 O.o2 95.54 48.94 4.8o O.83 52.97 42.57 43.84
|osp||e| |qu|pmcn|s 29.34 3.27 O.21 32.40 15.44 O.99 O.1o 16.27 16.13 13.9O
|ecore|ory eno vor|shop
cqu|pmcn|s
37.o1 1O.82 ,O.O8) 48.51 12.4o 1.78 ,O.O1) 14.25 34.26 25.15
/ssc|s unocr 5 |V schcmc of |hc
GOl
- O.53 - 0.53 - O.O1 - 0.01 0.52 -
Cep||e| cxpcno||urc on essc|s no|
ovnco cy |hc Compeny
178.29 O.91 ,O.59) 179.79 135.97 9.O8 - 145.05 34.74 42.32
/ssc|s of ovcrnmcn| 2.84 - O.O3 2.81 - - - - 2.81 2.84
|css:Gren|s from ovcrnmcn| 2.84 - O.O3 2.81 - - - - 2.81 2.84
Total 81,509.59 19,464.84 (1,901.71) 102,876.14 36,465.12 3,877.27 153.67 40,188.72 62,687.42 45,044.47
|rcv|ous ycer 72,45o.58 7,33o.32 ,1,71o.o9) 81,5O9.59 33,429.o5 3,118.1O 82.o3 3o,4o5.12 45,O44.47 39,O2o.93
Deduction/adjustments from gross block and depreciation / amortisation for the year includes:
` Crorc
Gross Block Depreciation/Amortisation
31.03.2013 31.O3.2O12 31.03.2013 31.O3.2O12
||spose| of essc|s 5.36 12.O2 4.05 o.8o
|c||rcmcn| of essc|s 201.91 195.o8 142.49 7o.9o
Cos| eous|mcn|s |nc|uo|n cxchenc o|ffcrcnccs (2,109.66) ,1,912.42) - -
/ssc|s cep||e||sco v||h rc|rospcc||vc cffcc|/vr||c cec| of cxccss
cep||e||se||on
(8.67) ,17.48) 0.18 ,4.83)
O|hcrs 9.35 5.51 6.95 3.o4
(1,901.71) ,1,71o.o9) 153.67 82.o3
37
th
e) hc convcyenc|n of |hc ||||c |o 11,322 acres of frccho|o |eno of ve|uc ` 1,587.59 crore ,prcv|ous ycer 1O,359 ecrcs of ve|uc ` 527.91 crorc),
cu||o|ns & s|ruc|urcs of ve|uc ` 136.74 crore ,prcv|ous ycer ` 13o.oO crorc) eno e|so cxccu||on of |cesc erccmcn|s for 10,515 acres of |eno of
ve|uc ` 467.02 crore ,prcv|ous ycer 8,43o ecrcs, ve|uc ` 324.7o crorc) |n fevour of |hc Compeny erc eve|||n comp|c||on of |ce| forme||||cs.
c) |cescho|o |eno |nc|uocs 2,002 acres ve|u|n ` 642.07 crore ,prcv|ous ycer 819 ecrcs ve|u|n ` 29.o7 crorc) ecqu|rco on pcrpc|ue| |cesc eno
eccoro|n|y no| emor||sco.
c) |eno oocs no| |nc|uoc ve|uc of 1,181 acres ,prcv|ous ycer 1,181 ecrcs) of |eno |n posscss|on of |hc Compeny. h|s v||| cc eccoun|co for on
sc|||cmcn| of |hc pr|cc |hcrcof cy |hc S|e|c Govcrnmcn| /u|hor|||cs.
o) |eno |nc|uocs 1,233 acres of ve|uc ` 14.99 crore ,prcv|ous ycer 1,237 ecrcs of ve|uc ` 14.9O crorc) no| |n posscss|on of |hc Compeny. hc
Compeny |s |e||n eppropr|e|c s|cps for rcposscss|on of |hc semc.
c) |eno |nc|uocs en emoun| of ` 152.48 crore ,prcv|ous ycer ` 119.24 crorc) ocpos||co v||h ver|ous eu|hor|||cs |n rcspcc| of |eno |n posscss|on vh|ch
|s succc| |o eous|mcn| on nne| oc|crm|ne||on of pr|cc.
f) |osscss|on of |eno mcesur|n 98 acres ,prcv|ous ycer 98 ecrcs) cons|s||n of 79 acres of frccho|o |eno ,prcv|ous ycer 79 ecrcs) eno 19 acres of
|cesc ho|o |eno ,prcv|ous ycer 19 ecrcs) of ve|uc ` 0.21 crore ,prcv|ous ycer ` O.21 crorc) ves |rensfcrrco |o 0||er |reocsh |eye v|oyu| 0|peoen
||em ||o. ,crs|vh||c 0|S|b) for e cons|ocre||on of ` 0.21 crore. |cno|n epprove| for |rensfcr of |hc se|o |eno, |hc erce eno ve|uc of |h|s |eno hes
cccn |nc|uoco |n |hc |o|e| |eno of |hc Compeny. hc cons|ocre||on rccc|vco from crs|vh||c 0|S|b |s o|sc|osco unocr |o|c -1O - 'O|hcr Currcn|
||ec|||||cs -es o|hcr ||ec|||||cs'.
) V|n|s|ry of |ovcr, Govcrnmcn| of lno|e v|oc ||s no||nce||on no. 2/38/99-b|S ,vo|umc vll) oe|co 22
no
Scp|cmccr 2OOo |rensfcrrco |eno of e povcr
s|e||on |o |hc Compeny on opcre||n |cesc of 5O ycers. |cesc rcn| for |hc ycer emoun||n |o ` 6.20 crore ,prcv|ous ycer ` o.18 crorc) hes cccn
cherco |o |hc s|e|cmcn| of pron| & |oss.
h) hc Compeny hes rccc|vco en op|n|on from |hc |/C of |hc lC/l on eccoun||n |rce|mcn| of cep||e| cxpcno||urc on essc|s no| ovnco cy |hc
Compeny vhcrc|n || ves op|nco |he| such cxpcno||urc erc |o cc cherco |o |hc s|e|cmcn| of pron| & |oss es eno vhcn |ncurrco. hc Compeny hes
rcprcscn|co |he| such cxpcno||urc cc|n csscn||e| for sc|||n up of e procc|, |hc semc cc eccoun|co |n ||nc v||h |hc cx|s||n eccoun||n prec||cc
eno souh| e rcv|cv. |cno|n rccc|p| of commun|ce||on from lC/l rcero|n |hc rcv|cv, cx|s||n |rce|mcn| hes cccn con||nuco es pcr |hc rc|cven|
eccoun||n po||cy.
|) /ssc|s unocr 5 |V schcmc of |hc GOl rcprcscn| cxpcno||urc on c|cc|r|nce||on of v|||ecs v||h|n 5 |V pcr|phcry of |hc p|en|.
) |rom |hc eccoun||n pcr|oos commcnc|n on or ef|cr 7
|h
|cccmccr 2OOo, |hc Compeny eous|s cxchenc o|ffcrcnccs er|s|n on |rens|e||on/sc|||cmcn|
of |on-|crm forc|n currcncy monc|ery ||cms rc|e||n |o |hc ecqu|s|||on of e ocprcc|ec|c essc| |o |hc cos| of essc| eno ocprcc|e|cs |hc semc ovcr
|hc rcme|n|n ||fc of |hc essc|.
|) hc corrov|n cos|s cep||e||sco our|n |hc ycer cnoco 31
s|
Verch 2O13 |s ` 2,148.14 crore ,prcv|ous ycer ` 2,342.21 crorc). hc Compeny
cep||e||sco |hc corrov|ns cos|s |n |hc cep||e| vor|-|n-prorcss ,C\l|). |xchenc o|ffcrcnccs cep||e||sco erc o|sc|osco |n |hc '/oo|||on' co|umn of
C\l| eno e||oce|co |o ver|ous hceos of C\l| |n |hc ycer of cep||e||se||on |hrouh '|couc||ons//osu|mcn|' co|umn of C\l|. |xchenc o|ffcrcnccs |n
rcspcc| of essc|s e|rceoy cep||e||sco erc o|sc|osco |n |hc '|couc||ons//ous|mcn|s' co|umn of nxco essc|s. /ssc|-v|sc oc|e||s of cxchenc
o|ffcrcnccs eno corrov|n cos|s |nc|uoco |n |hc cos| of meor hceos of nxco essc|s eno C\l| |hrouh '/oo|||on' or '|couc||ons//ous|mcn|s'
co|umn erc |vcn cc|ov:
` Crorc
For the year ended 31
st
March 2013 |or |hc ycer cnoco 31
s|
Verch 2O12
Exchg. Difference Borrowing costs |xch. ||ffcrcncc borrov|n cos|s
incl in xed assets/ incl in xed assets/ |nc| |n nxco essc|s/ |nc| |n nxco essc|s/
CWIP CWIP C\l| C\l|
bu||o|n :
Ve|n p|en| 2.15 121.58 2o.94 o3.7o
O|hcrs 0.18 26.81 3.73 34.O7
|yoreu||c vor|s, cerrecs, oems, |unnc|s eno povcr chennc| - 194.24 - 238.53
VG| |rec| eno s|ne|||n sys|cm - 8.94 1.54 7.84
|e||vey s|o|n 0.03 18.37 O.O3 5.27
||en| eno cqu|pmcn| 655.55 1,458.93 1,O2o.74 1,724.97
O|hcrs |nc|uo|n pcno|n e||oce||on 398.10 319.27 oO2.23 2o7.77
Total 1,056.01 2,148.14 1,oo1.21 2,342.21
37
th
Intangible assets
` Crorc
Gross b|oc| /mor||se||on |c| b|oc|
Sof|verc 93.15 3.11 O.7o 95.50 88.42 2.5O ,O.25) 91.17 4.33 4.73
||h| of 0sc - |eno o.4o 41.17 ,O.1O) 47.73 2.45 2.33 - 4.78 42.95 4.O1
- O|hcrs 219.Oo - ,7.27) 226.33 15.91 9.O2 - 24.93 201.40 2O3.15
Total 318.67 44.28 (6.61) 369.56 106.78 13.85 (0.25) 120.88 248.68 211.89
|rcv|ous ycer 29o.43 2.o5 ,19.59) 318.o7 89.54 1o.47 ,O.77) 1Oo.78 211.89 2Oo.89
e) hc r|h| of usc of |eno, o|hcr |hen pcrpc|ue| |n ne|urc, |s emor||sco ovcr ||s ||fc or 25 ycers vh|ccvcr |s |css.
c) Cos| of ecqu|s|||on of |hc r|h| for orev| of ve|cr emoun||n |o ` 226.33 crore ,prcv|ous ycer ` 219.Oo crorc) |s |nc|uoco unocr |n|en|c|c essc|s
||h| of usc - O|hcrs.
Deduction/adjustments from gross block and amortisation for the year includes:
` Crorc
Gross Block Depreciation / Amortisation
31.03.2013 31.O3.2O12 31.03.2013 31.O3.2O12
|c||rcmcn| of essc|s - O.17 - ,O.17)
Cos| eous|mcn|s |nc|uo|n cxchenc o|ffcrcnccs (6.30) ,19.54) - ,O.78)
cep||e||se||on
0.08 - 0.07 -
O|hcrs (0.39) ,O.22) (0.32) O.18
(6.61) ,19.59) (0.25) ,O.77)
Depreciation/amortisation of Tangible and Intangible Assets for the year is allocated as given below: ` Crorc
31.03.2013 31.O3.2O12
Cherco |o s|e|cmcn| of pron| & |oss 3,396.76 2,791.7O
/||oce|co |o fuc| cos| 201.35 1oo.84
rensfcrrco |o cxpcno||urc our|n cons|ruc||on pcr|oo ,nc|) - |o|c 28 36.11 32.21
rensfcrrco |o ocvc|opmcn| of coe| m|ncs 1.20 O.98
/ous|mcn| v||h ocfcrrco |ncomc/cxpcnsc from ocfcrrco forc|n currcncy nuc|ue||on 255.70 142.84
3,891.12 3,134.57
13. Capital work-in-progress
` Crorc
/s e|
O1.O4.2O12 /oo|||ons
|couc||ons &
/ous|mcn|s

Cep||e||sco
As at
31.03.2013
|cvc|opmcn| of |eno 439.58 79.o1 79.4o - 439.73
|oeos, cr|ocs, cu|vcr|s & hc||peos o2.5o 41.82 ,33.11) o1.o3 75.86
||||n eno founoe||on 54O.95 53.17 18.87 - 575.25
bu||o|ns
Ve|n p|en| 2,528.Oo o37.oO o27.71 1,O97.95 1,440.00
O|hcrs 498.34 391.28 oo.o4 21O.59 612.39
cmporery crcc||on 9.4O 5.85 7.OO 2.1O 6.15
\e|cr supp|y, ore|nec eno scvcrec sys|cm o4.55 24.o4 O.38 37.Oo 51.75
|yoreu||c vor|s, cerrecs, oems, |unnc|s eno povcr chennc| 3,432.12 o35.4o 2.1O - 4,065.48
VG| |rec| eno s|ne|||n sys|cm 18o.27 182.85 99.Oo 24.o5 245.41
|e||vey s|o|n 218.18 121.2O ,78.17) 5o.oO 360.95
|er|h oem rcscrvo|r 43.21 13.98 2.1o 5.49 49.54
||en| eno cqu|pmcn| 3O,255.47 9,3O9.74 ,9o3.7O) 15,734.98 24,793.93
37
th
` Crorc
/s e|
|couc||ons &
/ous|mcn|s

Cep||e||sco
As at
31.03.2013
|urn||urc eno nx|urcs 5.8O 17.83 O.O4 11.oo 11.93
vch|c|cs O.17 - ,O.47) - 0.64
Ofncc cqu|pmcn| 4.95 O.7o 2.24 O.15 3.32
|||/\| mech|ncs & se|com cqu|pmcn| O.21 1.42 ,2.11) O.22 3.52
Cons|ruc||on cqu|pmcn|s O.O7 O.O1 O.O7 - 0.01
||cc|r|ce| |ns|e||e||ons 172.34 37.39 9O.oO 44.9o 74.17
Commun|ce||on cqu|pmcn| 1.74 1.24 ,O.1o) O.43 2.71
|osp||e| cqu|pmcn|s O.38 - O.23 - 0.15
|ecore|ory eno vor|shop cqu|pmcn|s 1.4o - 1.3O - 0.16
/ssc|s unocr 5 |V schcmc of |hc GOl 2.24 48.o7 ,7.85) O.53 58.23
Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc compeny 12.O4 23.21 13.o7 O.91 20.67
|xp|ore|ory vc||s-|n-prorcss 7.oo O.O1 O.O1 - 7.66
|cvc|opmcn| of coe| m|ncs 279.74 9o.42 - - 376.16
38,7o7.49 11,724.1o ,74.O3) 17,289.91 33,275.77
Expenditure pending allocation
Survcy, |nvcs||e||on, consu||ency eno supcrv|s|on chercs 95.35 15.2O 1O.79 - 99.76
||ffcrcncc |n cxchenc on forc|n currcncy |oens o28.o8 795.23 572.55 - 851.36
|xpcno||urc |overos o|vcrs|on of forcs| |eno 1o4.O1 78.83 9.14 - 233.70
|rc-comm|s|on|n cxpcnscs ,nc|) 19O.93 18O.o8 344.58 - 27.03
|xpcno||urc our|n cons|ruc||on pcr|oo ,nc|) 199.27 2,949.41* ,4.42) - 3,153.10
|css: /||oce|co |o rc|e|co vor|s - 2,o5o.o5 - - 2,656.65
4O,O45.73 13,O8o.8o 858.o1 17,289.91 34,984.07
|css: |rov|s|on for unscrv|ccec|c vor|s 22.44 49.89 O.9O - 71.43
Construction stores (net of provision) 1,8O4.53 392.25 - - 2,196.78
Total 41,827.82 13,429.22 857.71 17,289.91 37,109.42
|rcv|ous ycer 35,495.3O 14,322.23 1,24o.43 o,743.28 41,827.82
* brouh| from cxpcno||urc our|n cons|ruc||on pcr|oo ,nc|) - |o|c 28
e) Cons|ruc||on s|orcs erc nc| of prov|s|on for shor|ecs pcno|n |nvcs||e||on emoun||n |o ` 0.63 crore ,prcv|ous ycer ` 1.28 crorc)
c) |rc-comm|ss|on|n cxpcnscs for |hc ycer emoun| |o ` 446.98 crore ,prcv|ous ycer ` 549.35 crorc) eno ef|cr eous|mcn| of prc-comm|ss|on|n
se|cs of ` 266.30 crore ,prcv|ous ycer ` 3O5.11 crorc) rcsu||co |n nc| prc-comm|ss|on|n cxpcno||urc of ` 180.68 crore ,prcv|ous ycer ` 244.24
crorc).
c) /oo|||ons |o |hc ocvc|opmcn| of coe| m|ncs |nc|uocs cxpcno||urc our|n cons|ruc||on pcr|oo of ` 96.42 crore ,prcv|ous ycer ` 84.o9 crorc).
o) /ssc|s unocr 5 |V schcmc of |hc GOl rcprcscn| cxpcno||urc on c|cc|r|nce||on of v|||ecs v||h|n 5 |V pcr|phcry of |hc cncre||on p|en|s of |hc
Compeny |n |crms of VO| Schcmc.
` Crorc
/s e|
|couc||ons &
/ous|mcn|s

Cep||e||sco
As at
31.03.2013
Intangible assets under development
Sof|verc O.O4 - O.O4 - -
Total 0.04 - 0.04 - -
|rcv|ous ycer O.O3 O.O1 - - 0.04
37
th
14. Non-current investments
` Crorc
As at 31.03.2013 31.O3.2O12
|umccr of
shercs/conos/
sccur|||cs
Currcn| ycer/
,prcv|ous ycer)
|ecc ve|uc pcr
sherc/cono/
sccur||y
Currcn| ycer/
,prcv|ous ycer)
,`)
Long term - Trade
Equity instruments (fully paid up - unless otherwise stated)
Quoted
Joint venture companies
|C lno|e ||o. 12OOOOOO
,12OOOOOO)
1O
,1O)
12.00 12.OO
12.00 12.OO
Unquoted
Subsidiary companies
||C ||cc|r|c Supp|y Compeny ||o. 8O91O
,8O91O)
1O
,1O)
0.08 O.O8
||C v|oyu| vyeper ||em ||o. 2OOOOOOO
,2OOOOOOO)
1O
,1O)
20.00 2O.OO
||C |yoro ||o. 1213595OO
,1213595OO)
1O
,1O)
121.36 121.3o
|css: |rov|s|on for pcrmencn| o|m|nu||on 8.14 8.14
113.22 113.22
|en|| b||cc 0|peoen ||em ||o. 357151233
,3427382OO)
1O
,1O)
357.15 342.74
bher||ye |e|| b||cc Compeny ||o. 5O94oOOOO
,5O94oOOOO)
1O
,1O)
509.46 5O9.4o
999.91 985.5O
Share application money pending allotment in
||C |yoro ||o. 0.20 O.2O
|en|| b||cc 0|peoen ||em ||o. 25.65 14.41
bher||ye |e|| b||cc Compeny ||o. ,* ` 39,OOO/-) * *
25.85 14.o1
Joint venture companies
0|||||y |ovcr|cch ||o. ,|nc|uocs 1,OOO,OOO conus shercs) 2OOOOOO
,2OOOOOO)
1O
,1O)
1.00 1.OO
||C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o. 3OOOOOO
,3OOOOOO)
1O
,1O)
3.00 3.OO
||C-S/l| |ovcr Compeny |r|ve|c ||o. 49O25OO5O
,47525OO5O)
1O
,1O)
490.25 475.25
||C-em|| |eou |ncry Compeny ||o. 1143oOo112
,844OOOOOO)
1O
,1O)
1,143.61 844.OO
|e|ne|r| Ges & |ovcr |r|ve|c ||o. 9743O83OO
,77o9OOOOO)
1O
,1O)
974.30 77o.9O
/reve|| |ovcr Compeny |r|ve|c ||o. 11595O82OO
,1O895O82OO)
1O
,1O)
1,159.51 1,O89.51
||C-SCC| G|oce| vcn|urcs |r|ve|c ||o. 5OOOO
,5OOOO)
1O
,1O)
0.05 O.O5
||C b||| |ovcr |rocc|s |r|ve|c ||o. 25OOOOOO
,25OOOOOO)
1O
,1O)
25.00 25.OO
Vce 0re ||em |r|ve|c ||m||co 3787898OO
,1O74298OO)
1O
,1O)
378.79 1O7.43
37
th
` Crorc
As at 31.03.2013 31.O3.2O12
|umccr of
shercs/conos/
sccur|||cs
Currcn| ycer/
,prcv|ous ycer)
|ecc ve|uc pcr
sherc/cono/
sccur||y
Currcn| ycer/
,prcv|ous
ycer) ,`)
b|-||C |ncry Sys|cms ||o. 588OOOO
,588OOOO)
1O
,1O)
5.88 5.88
|e||one| |ovcr |xchenc ||o. 2188325
,2188325)
1O
,1O)
2.19 2.19
|css: |rov|s|on for pcrmencn| o|m|nu||on 1.04 -
1.15 2.19
|ec|neer |ovcr Gcncre||n Compeny |r|ve|c ||o. 153OOOOOO
,153OOOOOO)
1O
,1O)
153.00 153.OO
rensformcrs eno ||cc|r|ce|s |cre|e ||o. 191o3438
,191o3438)
1O
,1O)
31.34 31.34
|e||one| ||h |ovcr cs| |ecor|ory |r|ve|c ||o. 11OoOOOO
,2o25OOO)
1O
,1O)
11.06 2.o2
ln|crne||one| Coe| vcn|urcs |r|ve|c ||o. 14OOOOO
,14OOOOO)
1O
,1O)
1.40 1.4O
|ncry |fnc|cncy Scrv|ccs ||o. 225OOOOO
,o25OOO)
1O
,1O)
22.50 O.o3
Cl| ||C 0re |r|ve|c ||o. 25OOO
,25OOO)
1O
,1O)
0.03 O.O3
/nushe||| v|ohyu| ||em ||o. 49OOO
,49OOO)
1O
,1O)
0.05 O.O5
|en-/s|en |cncvec|cs |r|ve|c ||o. 5OOOOO
,5OOOOO)
1O
,1O)
0.50 O.5O
r|ncome|cc |ovcr Compeny ||o.
,* Sr||en|en rupccs)
15OOOOO
,15OOOOO)
1OO*
,1OO)
6.72 o.72
4,409.14 3,52o.5O
Share application money pending allotment in
||C-em||neou |ncry Compeny ||o. - 55.OO
/reve|| |ovcr Compeny |r|ve|c ||o. ,* ` oO,OOO/-) 49.01 *
Vce 0re ||em |r|ve|c ||o. 33.64 5.OO
|ec|neer |ovcr Gcncre||n Compeny |v|. ||o. 317.12 5O.OO
Cl| ||C 0re |r|ve|c ||o. 0.05 O.O5
|ncry |fnc|cncy Scrv|ccs ||o. 2.50 24.38
402.32 134.43
Cooperative societies # #
Bonds (fully-paid up)
Unquoted
8.50 % Tax-Free State Government Special Bonds of
the Government of
/nohre |reocsh 25213OO
,378195O)
1OOO
,1OOO)
252.13 378.2O
/ssem 1O2928
,154392)
1OOO
,1OOO)
10.29 15.44
b|her 37888OO
,5o832OO)
1OOO
,1OOO)
378.88 5o8.32
Che|||serh 9oo44O
,1449ooO)
1OOO
,1OOO)
96.64 144.97
Guere| 1o7448O
,251172O)
1OOO
,1OOO)
167.45 251.17
|eryene 215OOOO
,3225OOO)
1OOO
,1OOO)
215.00 322.5O
37
th
` Crorc
As at
31.03.2013 31.O3.2O12
|umccr of
shercs/conos/
sccur|||cs
Currcn| ycer/
,prcv|ous ycer)
|ecc ve|uc pcr
sherc/cono/
sccur||y
Currcn| ycer/
,prcv|ous
ycer) ,`)
||meche| |reocsh oo77o
,1OO1o4)
1OOO
,1OOO)
6.68 1O.O2
!emmu eno |eshm|r 73472O
,11O2O8O)
1OOO
,1OOO)
73.47 11O.21
!her|heno 192O25o
,288O37o)
1OOO
,1OOO)
192.03 288.O4
|cre|e 2OO48OO
,3OO72OO)
1OOO
,1OOO)
200.48 3OO.72
Veohye |reocsh 1oo1o8O
,249252O)
1OOO
,1OOO)
166.17 249.25
Veheresh|re 7o28OO
,11442OO)
1OOO
,1OOO)
76.28 114.42
Or|sse 22O5748
,33O8o22)
1OOO
,1OOO)
220.57 33O.8o
|unec o924oO
,1O38o9O)
1OOO
,1OOO)
69.25 1O3.87
|ees|hen 435OOO
,435OOO)
1OOO
,1OOO)
43.50 43.5O
S||||m o8392
,1O2588)
1OOO
,1OOO)
6.84 1O.2o
0||er |reocsh 79798OO
,119o97OO)
1OOO
,1OOO)
797.98 1,19o.97
0||erenche| 7993OO
,119895O)
1OOO
,1OOO)
79.93 119.89
\cs| bcne| 234849o
,3522744)
1OOO
,1OOO)
234.85 352.27
3,288.42 4,91O.88
Total 9,137.64 9,583.92
Aggregate amount of quoted investments
boo| ve|uc 12.00 12.OO
Ver|c| ve|uc 71.94 73.32
Aggregate amount of unquoted investments
boo| ve|uc 9,125.64 9,571.92
Aggregate amount of provision for dimunition in the value of investments 9.18 8.14
# |qu||y shercs of ` 30,200/- ,prcv|ous ycer ` 3O,2OO/-) hc|o |n ver|ous Compeny's cmp|oyccs co-opcre||vc soc|c||cs.
e) lnvcs|mcn|s hevc cccn ve|uco cons|ocr|n |hc eccoun||n po||cy no.! ,|o|c 1).
c) |ur|n |hc prcv|ous ycer, |hc boero of ||rcc|ors of |hc Compeny hes eccoroco |n pr|nc|p|c epprove| for |hc eme|eme||on of ||C |yoro ||o. ,e
vho||y ovnco sucs|o|ery of |hc Compeny) v||h |hc Compeny. |cno|n epprove| of Schcmc of eme|eme||on, prov|s|on of ` 8.14 crore ,prcv|ous
ycer ` 8.14 crorc) |overos |hc pcrmencn| o|m|nu||on o|hcr |hen |cmporery |n |hc ve|uc of |nvcs|mcn| |n ||C |yoro ||o. hes cccn meoc.
c) |ur|n |hc ycer, |hc boero of ||rcc|ors of |hc Compeny hes eccoroco |n pr|nc|p|c epprove| for v||horev| from |e||one| |ovcr |xchenc ||o. ,e o|n|
vcn|urc of |hc Compeny). |cno|n v||horev|, prov|s|on of ` 1.04 crore ,prcv|ous ycer ` |||) |overos |hc pcrmencn| o|m|nu||on o|hcr |hen
|cmporery |n |hc ve|uc of |nvcs|mcn| |n |e||one| |ovcr |xchenc ||o. hes cccn meoc.
37
th
15. Long-term loans and advances ,Cons|ocrco ooo, un|css o|hcrv|sc s|e|co)
` Crorc
As at 31.03.2013 31.O3.2O12
Capital advances
Sccurco 58.88 17.24
0nsccurco
Covcrco cy cen| ueren|cc 3,775.96 1,O59.o9
O|hcrs 3,092.51 1,77o.1o
Cons|ocrco oouc|fu| 2.54 2.1o
|css: /||ovencc for ceo & oouc|fu| eovenccs 2.54 2.1o
6,927.35 2,853.O9
Security deposits (Unsecured) 82.84 84.35
Loans
|c|e|co per||cs
0nsccurco 0.03 O.O5
|mp|oyccs ,|nc|uo|n eccruco |n|crcs|)
Sccurco 395.88 377.oO
0nsccurco 142.74 13o.89
|oen |o s|e|c ovcrnmcn| |n sc|||cmcn| of oucs from cus|omcrs ,0nsccurco) 239.31 335.O4
O|hcrs
Sccurco 14.29 21.42
0nsccurco 8.86 13.43
801.11 884.43
Advances
Con|rec|ors & supp||crs, |nc|uo|n me|cr|e| |ssuco on |oen
0nsccurco 65.58 49.8o
/ovencc |ex & |ex ocouc|co e| sourcc 11,460.19 1O,11o.58
|css: |rov|s|on for currcn| |ex 9,703.62 8,593.9o
1,756.57 1,522.o2
Total 9,633.45 5,394.35
e) |uc from o|rcc|ors eno ofnccrs of |hc Compeny
||rcc|ors 0.03 O.O5
Ofnccrs 78.32 83.3O
c) |oens |o rc|e|co per||cs |nc|uoc:
|cy menecmcn| pcrsonnc| 0.03 O.O5
c) Cep||e| eovenccs |nc|uoc ` 226.27 crore ,prcv|ous ycer ` 1o2.29 crorc), pe|o |o e con|rec|or pcno|n sc|||cmcn| of ccr|e|n c|e|ms vh|ch erc unocr
erc||re||on. hc emoun| v||| cc eous|co |n |hc cos| of rc|e|co vor| or rccovcrco from |hc per|y, ocpcno|n upon |hc ou|comc of |hc erc||re||on
proccco|ns.
o) Cep||e| eovenccs |nc|uoc emoun| ouc from rc|e|co per||cs ` 0.08 crore ,prcv|ous ycer ` O.O8 crorc)
c) O|hcr |oens rcprcscn| |oen of ` 14.29 crore ,prcv|ous ycer ` 21.42 crorc) |vcn |o /nohre |reocsh lnous|r|e| lnfres|ruc|urc Corpore||on ||o. ,/|llC)
eno ` 8.86 crore ,prcv|ous ycer ` 13.43 crorc) |o |en|| b||cc 0|peoen ||em ||o.
15 A. Other non-current assets
` Crorc
As at 31.03.2013 31.O3.2O12
|cfcrrco forc|n currcncy nuc|ue||on essc| 1,132.77 1,371.88
ln ||nc v||h eccoun||n po||c|cs no.|.3 o|sc|osco |n |o|c 1, ocfcrrco forc|n currcncy nuc|ue||on essc| hes cccn eccoun|co eno ,-) ` 296.96 crore
,prcv|ous ycer ` 129.78 crorc) cc|n cxchenc nuc|ue||ons on eccoun| of |n|crcs| eno nnencc chercs hes cccn rccon|sco es cncry se|cs |n |o|c 22.
37
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16. Current investments
` Crore
As at 31.03.2013 31.03.2012
Number of
bonds/
securities
Current year/
(previous year)
Face value per
bond/
security
Current year/
(previous year)
(`)
Trade
Current maturities of long term investments
Unquoted
8.50 % Tax-Free State Government Special Bonds of the
Government of

Andhra Pradesh 1260650
(1260650)
1000
(1000)
126.07 126.07
Assam 51464
(51464)
1000
(1000)
5.15 5.15
Bihar 1894400
(1894400)
1000
(1000)
189.44 189.44
Chattisgarh 483220
(483220)
1000
(1000)
48.32 48.32
Gujarat 837240
(837240)
1000
(1000)
83.73 83.73
Haryana 1075000
(1075000)
1000
(1000)
107.50 107.50
Himachal Pradesh 33388
(33388)
1000
(1000)
3.34 3.34
Jammu and Kashmir 367360
(367360)
1000
(1000)
36.74 36.74
Jharkhand 960120
(960120)
1000
(1000)
96.01 96.01
Kerala 1002400
(1002400)
1000
(1000)
100.24 100.24
Madhya Pradesh 830840
(830840)
1000
(1000)
83.08 83.08
Maharashtra 381400
(381400)
1000
(1000)
38.14 38.14
Orissa 1102874
(1102874)
1000
(1000)
110.29 110.29
Punjab 346230
(346230)
1000
(1000)
34.62 34.62
Sikkim 34196
(34196)
1000
(1000)
3.42 3.42
Uttar Pradesh 3989900
(3989900)
1000
(1000)
398.99 398.99
Uttaranchal 399650
(399650)
1000
(1000)
39.96 39.96
West Bengal 1174248
(1174248)
1000
(1000)
117.42 117.42
Total 1,622.46 1,622.46
Aggregate amount of unquoted investments
Book value 1,622.46 1,622.46
a) Investments have been valued considering the accounting policy no.J (Note 1).
b) The above investments are unquoted and hence market value is not applicable.
37
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17. Inventories
` Crore
As at 31.03.2013 31.03.2012
Coal 885.62 1,096.14
Fuel oil 364.99 234.65
Naphtha 146.77 119.04
Stores and spares 2,210.19 1,899.57
Chemicals & consumables 73.51 44.47
Loose tools 5.70 5.65
Steel scrap 20.96 16.54
Others 413.40 347.35
4,121.14 3,763.41
Less: Provision for shortages 1.87 1.86
Provision for obsolete/unserviceable items/
dimunition in value of surplus inventory 62.08 58.70
Total 4,057.19 3,702.85
Inventories include material-in-transit
Coal 75.02 83.15
Stores and spares 29.13 28.00
Chemicals & consumables 0.62 0.09
Loose tools 0.05 0.16
Others 2.27 1.43
107.09 112.83
a) Inventory items, other than steel scrap have been valued considering the accounting policy no.K.1 (Note 1). Steel scrap has been valued at
estimated realisable value.
b) Inventories - Others includes steel, cement, ash bricks etc.
18. Trade receivables
` Crore
As at 31.03.2013 31.03.2012
Outstanding for a period exceeding six months from the date they are due for payment
Unsecured, considered good 59.41 18.61
Considered doubtful 0.03 840.70
Less: Allowance for bad & doubtful receivables 0.03 840.70
59.41 18.61
Others-unsecured, considered good 5,306.08 5,813.90
Total 5,365.49 5,832.51
Refer Note no. 32 for write back of Allowance for bad and doubtful receivables.
37
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19. Cash and bank balances
` Crorc
As at 31.03.2013 31.O3.2O12
Cash & cash equivalents
be|enccs v||h cen|s
- Currcn| eccoun|s 315.24 4o1.3o
- |cpos||s v||h or||ne| me|ur||y up|o |hrcc mon|hs - 3OO.OO
Chcqucs & oref|s on heno 64.97 O.43
O|hcrs ,s|emps |n heno) 0.09 O.1O
Other bank balances
|cpos||s v||h or||ne| me|ur||y of morc |hen |hrcc mon|hs cu| no| morc |hen |vc|vc mon|hs 16,469.97 15,357.98
O|hcrs
#
17.43 21.9o
Total 16,867.70 1o,141.83
# |o| eve||ec|c for usc |o |hc Compeny eno |nc|uoc:
0npe|o o|v|ocno eccoun| ce|encc 15.65 11.48
be|encc v||h |cscrvc ben| of lno|e * 1.77 1.77
Sccur||y v||h ovcrnmcn| eu|hor|||cs:
/s pcr cour| orocrs - O.1O
/s pcr ocmeno 0.01 8.o1
17.43 21.9o
* Ou| of mer|n moncy |cp| v||h |cscrvc ben| of lno|e |n |crms of |u|c 3 / of |hc Compen|cs ,/cccp|encc of |cpos||s) |u|cs, 1975 for nxco ocpos||s
from puc||c.
20. Short-term loans and advances ,Cons|ocrco ooo, un|css o|hcrv|sc s|e|co)
` Crorc
As at 31.03.2013 31.O3.2O12
Loans
|c|e|co per||cs
0nsccurco 0.04 O.O3
Sccurco 76.27 o9.92
0nsccurco 90.86 83.12
|oen |o s|e|c ovcrnmcn| |n sc|||cmcn| of oucs from cus|omcrs ,0nsccurco) 95.73 95.73
O|hcrs
Sccurco 35.71 28.58
0nsccurco 35.99 3.71
334.60 281.O9
Advances
|c|e|co per||cs
0nsccurco 3.40 1.o4
|mp|oyccs
0nsccurco 8.59 9.O9
Cons|ocrco oouc|fu| 0.11 O.O8
Sccurco 6.71 5.oO
0nsccurco 533.85 821.51
Cons|ocrco oouc|fu| 1.51 1.57
O|hcrs
0nsccurco 202.60 1O5.52
|css: /||ovencc for ceo & oouc|fu| eovenccs 1.64 1.o7
755.15 943.3o
Security deposits (unsecured) 655.78 318.87
Total 1,745.53 1,543.32
37
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21. Other current assets
` Crorc
As at 31.03.2013 31.O3.2O12
ln|crcs| eccruco on
bonos 243.19 312.14
crm ocpos||s 824.34 775.oO
O|hcrs 23.95 18.5o
1,091.48 1,1Oo.3O
C|e|ms rccovcrec|c
0nsccurco, cons|ocrco ooo 4,779.87 1,822.51
|css: /||ovencc for oouc|fu| c|e|ms 13.05 13.31
4,779.87 1,822.51
0nc|||co rcvcnuc 5,624.27 5,o1o.1O
/ssc|s hc|o for o|spose| 2.96 2.OO
O|hcrs 10.13 o.49
Total 11,508.71 8,553.4O
e) O|hcrs |nc|uoc emoun| rccovcrec|c from con|rec|ors eno o|hcr per||cs |overos h|rc chercs, rcn|/c|cc|r|c||y, c|c.
c) C|e|ms rccovcrec|cs |nc|uoc ` 894.72 crore ,prcv|ous ycer ` 7oo.12 crorc) |overos |hc cos| |ncurrco up|o 31
s|
Verch 2O13 |n rcspcc| of onc of
|hc hyoro povcr procc|s, |hc cons|ruc||on of vh|ch hes cccn o|scon||nuco on |hc eov|cc of |hc V|n|s|ry of |ovcr, GOl. h|s |nc|uocs ` 109.65
crore ,prcv|ous ycer ` |||) |n rcspcc| of |vo erc||re||on everos che||cnco/cc|n che||cnco cy |hc Compeny ccforc ||h Cour|. ln |hc cvcn| |hc
||h Cour| ren|s rc||cf |o |hc Compeny, |hc emoun| vou|o cc eous|co ee|ns| Shor| crm |rov|s|ons - O|hcrs ,|o|c 11). Venecmcn| cxpcc|s |he|
|hc |o|e| cos| |ncurrco, en||c|pe|co cxpcno||urc on |hc sefc|y eno s|ec|||se||on mcesurcs, o|hcr rccurr|n s||c cxpcnscs eno |n|crcs| cos|s es vc|| es
c|e|ms of con|rec|ors/vcnoors for ver|ous pec|ecs for |h|s procc| v||| cc compcnse|co |n fu|| cy |hc GOl. |cncc no prov|s|on |s cons|ocrco ncccssery.
c) C|e|ms rccovcrec|c |nc|uocs ` 2,520.08 crore ,prcv|ous ycer ` |||) rccovcrec|c from Govcrnmcn| of |e||one| Cep||e| crr||ory of |c|h| ,G|C|)
|overos sc|||cmcn| of oucs of crs|vh||c |c|h| ||cc|r|c Supp|y 0nocr|e||n ,||S0). ,|cfcrc |o|c 32).
o) 0nc|||co rcvcnuc |s nc| of crco||s |o cc pessco |o ccncnc|er|cs e| |hc ||mc of c||||n eno |nc|uocs ` 6,005.41 crore ,prcv|ous ycer ` 5,411.93 crorc)
c|||co |o |hc ccncnc|er|cs ef|cr 31
s|
Verch for cncry se|cs.
` Crorc
As at 31.03.2013 31.O3.2O12
e) |uc from ||rcc|ors eno Ofnccrs of |hc Compeny
||rcc|ors 0.04 O.O3
Ofnccrs 27.81 25.88
c) |oens |o rc|e|co per||cs |nc|uoc:
|cy menecmcn| pcrsonnc| 0.04 O.O3
c) /ovencc |o rc|e|co per||cs |nc|uoc:
!o|n| vcnurc compen|cs 2.30 1.o4
o) |oens eno eovenccs |nc|uoc emoun|s ouc from |hc fo||ov|n pr|ve|c compen|cs |n vh|ch onc or
morc ||rcc|ors of |hc Compeny erc ||rcc|ors:
||C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o. 1.33 O.33
||C-S/l| |ovcr Compeny |r|ve|c ||o. 25.54 5.O4
/reve|| |ovcr Compeny |r|ve|c ||o. 10.75 3.85
||C b||| |ovcr |rocc|s |r|ve|c ||o. 0.93 1.35
Vce 0re ||em |r|ve|c ||m||co 4.85 2.73
|ec|neer |ovcr Gcncre||n Compeny |r|ve|c ||o. 2.63 O.3O
|en-/s|en |cncvec|cs |r|ve|c ||o. 0.13 O.OO
|e|ne|r| Ges & |ovcr |r|ve|c ||o.* - O.1o
* /s e| |hc be|encc Shcc| oe|c, no o|rcc|or of |hc Compeny |s e o|rcc|or on |hc boero of |e|ne|r| Ges & |ovcr |r|ve|c ||o.
c) O|hcr |oens rcprcscn| |oens of ` 35.71 crore ,prcv|ous ycer ` 28.58 crorc) |vcn |o /|llC, ` 3.72 crore ,prcv|ous ycer ` 3.71 crorc) |o |en|| b||cc
0|peoen ||em ||o. eno ` 32.27 crore ,prcv|ous ycer ` |||) |o ||C |yoro ||o.
f) O|hcr eovenccs me|n|y rcprcscn| prcpe|o cxpcnscs emoun||n |o ` 57.89 crore ,prcv|ous ycer ` 54.49 crorc).
) Sccur||y ocpos|| ,unsccurco) |nc|uocs ` 200.35 crore ,prcv|ous ycer ` 1o3.4o crorc) se|cs |ex ocpos||co unocr pro|cs| v||h se|cs |ex eu|hor|||cs.
37
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22. Revenue from operations (gross)
` Crorc
For the year ended 31.03.2013 31.O3.2O12
|ncry se|cs ,|nc|uo|n c|cc|r|c||y ou|y) 64,715.88 o1,43O.85
Consu||ency, procc| menecmcn| eno supcrv|s|on fccs ,|nc|uo|n |urn|cy cons|ruc||on procc|s) 126.81 142.o9
64,842.69 o1,573.54
|ncry |n|crne||y consumco
76.73 8O.75
O|hcr opcre||n rcvcnucs
ln|crcs| from cus|omcrs
432.60 51O.57
|ccon|zco from ocfcrrco forc|n currcncy nuc|ue||on ||ec||||y
3.52 O.1o
|rov|s|ons vr|||cn cec|
er|ff eous|mcn|s
- 312.75
|ouc|fu| occ|s
840.67 O.14
|ouc|fu| |oens, eovenccs eno c|e|ms
0.33 O.14
|ouc|fu| cons|ruc||on eovenccs
- O.O3
Shor|ec |n cons|ruc||on s|orcs
0.58 O.34
Shor|ec |n s|orcs
0.57 1.O8
Ocso|csccncc |n s|orcs
1.26 1.O2
0nscrv|ccec|c cep||e| vor|s
0.90 -
Shor|ecs |n nxco essc|s
0.39 O.3o
844.70 315.8o
Total
66,200.24 o2,48O.88
e) hc Ccn|re| ||cc|r|c||y |cu|e|ory Comm|ss|on ,C||C) no||nco |hc er|ff |cu|e||ons, 2OO9 |n !enuery 2OO9, eno ||rs|, Sccono eno h|ro /mcnomcn|s
|hcrc|o |n Vey 2O11, !unc 2O11 eno |cccmccr 2O12 rcspcc||vc|y ,|cu|e||ons, 2OO9). ln ||nc v||h |hc |cu|e||ons, 2OO9, |hc C||C hes |ssuco
prov|s|one|/nne| |er|ff orocrs v.c.f. 1
s|
/pr|| 2OO9 for e|| |hc s|e||ons cxccp| for e|chcr hcrme| |ovcr S|e||on ,|S). bcncnc|er|cs erc c|||co |n
eccoroencc v||h |hc se|o prov|s|one|/nne| |er|ff orocrs cxccp| for |hrcc s|e||ons vhcrc || |s oonc on prov|s|one| ces|s. hc emoun| c|||co for |hc
ycer cnoco 31
s|
Verch 2O13 on |h|s ces|s |s ` 61,794.68 crore ,prcv|ous ycer ` 59,9o5.57 crorc).
c) ln rcspcc| of s|e||ons for vh|ch |hc C||C hes |ssuco nne| |er|ff orocrs unocr |hc |cu|e||ons, 2OO9 eno |cncvec|c |ncry |cu|e||ons, 2OO9, se|cs
hevc cccn rccon|sco e| ` 54,588.81 crore for |hc ycer cnoco 31
s|
Verch 2O13 ,prcv|ous ycer ` 55,537.41 crorc) ef|cr |ru|n up cep||e| cxpcno||urc
|o err|vc e| |hc cepec||y chercs. |or o|hcr s|e||ons, pcno|n oc|crm|ne||on of s|e||on-v|sc nne| |er|ff cy |hc C||C, se|cs hevc cccn prov|s|one||y
rccon|zco e| ` 8,059.66 crore for |hc ycer cnoco 31
s|
Verch 2O13 ,prcv|ous ycer ` 5,145.38 crorc) on |hc ces|s of pr|nc|p|cs cnunc|e|co |n |hc
se|o |cu|e||ons, 2OO9 ef|cr |ru|n up cep||e| cxpcno||urc |o err|vc e| |hc cepec||y chercs.
c) Se|cs |nc|uoc ` 1,241.90 crore for |hc ycer cnoco 31
s|
Verch 2O13 ,prcv|ous ycer ` 547.78 crorc) pcr|e|n|n |o prcv|ous ycers rccon|zco cesco
on |hc orocrs |ssuco cy |hc C||C//ppc||e|c r|cune| for ||cc|r|c||y ,/|||).
o) hc Compeny er|cvco ovcr meny of |hc |ssucs es cons|ocrco cy |hc C||C |n |hc |er|ff orocrs for ||s s|e||ons for |hc pcr|oo 2OO4-O9 heo n|co
eppce|s v||h |hc /|||. hc /||| o|sposco off |hc eppce|s fevourec|y o|rcc||n |hc C||C |o rcv|sc |hc |er|ff orocrs es pcr o|rcc||ons eno
mc|hooo|oy |vcn. Somc of |hc |ssucs occ|oco |n fevour of |hc Compeny cy |hc /||| vcrc che||cnco cy |hc C||C |n |hc |on'c|c Suprcmc
Cour| of lno|e. Sucscqucn||y, |hc C||C hes |ssuco rcv|sco |er|ff orocrs for e|| |hc s|e||ons cxccp| onc for |hc pcr|oo 2OO4-O9, cons|ocr|n |hc
uomcn| of /||| succc| |o o|spose| of eppce|s pcno|n ccforc |hc |on'c|c Suprcmc Cour| of lno|e. Conscqucn||y, |hc |mpec| of |hc eforcse|o
|ssucs emoun||n |o ,-) ` 45.95 crore hes cccn rccon|zco es se|cs our|n |hc ycer cnoco 31
s|
Verch 2O13 ,prcv|ous ycer ,-) ` 49.1o crorc) v||h
corrcspono|n eous|mcn| |n '|rov|s|on for er|ff /ous|mcn|'.
c) Se|cs |nc|uoc ` 246.04 crore for |hc ycer cnoco 31
s|
Verch 2O13 ,prcv|ous ycer ,-) ` 2oo.14 crorc) on eccoun| of |ncomc-|ex rccovcrec|c from |hc
ccncnc|er|cs es pcr |cu|e||ons, 2OO4. Se|cs e|so |nc|uoc ` 53.16 crore for |hc ycer cnoco 31
s|
Verch 2O13 ,prcv|ous ycer ` 37.77 crorc) on
eccoun| of ocfcrrco |ex me|cr|e||zco vh|ch |s rccovcrec|c from ccncnc|er|cs es pcr |cu|e||ons, 2OO9.
f) ||cc|r|c||y ou|y on cncry se|cs emoun||n |o ` 526.31 crore ,prcv|ous ycer ` 428.o5 crorc) hes cccn rcoucco from se|cs |n |hc s|e|cmcn| of pron|
eno |oss.
) |cvcnuc from opcre||ons |nc|uoc ` 76.73 crore ,prcv|ous ycer ` 8O.75 crorc) |overos cncry |n|crne||y consumco, ve|uco e| ver|ec|c cos| of
cncre||on eno |hc corrcspono|n emoun| |s |nc|uoco |n povcr chercs ,|o|c-2o).
h) C||C |cu|e||ons prov|ocs |he| vhcrc ef|cr |hc |ru|n-up, |hc |er|ff rccovcrco |s |css/morc |hen |hc |er|ff epprovco cy |hc Comm|ss|on, |hc cncre||n
Compeny she|| rccovcr/pey from/|o |hc ccncnc|er|cs |hc unocr/ovcr rccovcrco emoun| e|on-v||h s|mp|c |n|crcs|. /ccoro|n|y, |hc |n|crcs|
rccovcrec|c from |hc ccncnc|er|cs emoun||n |o ` 432.60 crore ,prcv|ous ycer ` 51O.57 crorc) hes cccn eccoun|co eno o|sc|osco es 'ln|crcs| from
cus|omcrs'. |ur|hcr, |hc emoun| peyec|c |o |hc ccncnc|er|cs hes cccn eccoun|co es 'ln|crcs| peyec|c |o cus|omcrs' eno o|sc|osco |n |o|c 2o.
|) |cfcr |o|c -32 |n rcspcc| of vr||c cec| of prov|s|on for oouc|fu| occ|s.
37
th
23. Other income
` Crorc
Interest from
|on-|crm |nvcs|mcn|s - Govcrnmcn| sccur|||cs ,8.5% |ex frcc conos) 520.86 o59.38
O|hcrs
|oen |o s|e|c ovcrnmcn| |n sc|||cmcn| of oucs from cus|omcrs 34.58 42.72
|oen |o sucs|o|ery compen|cs 2.37 3.O3
|oen |o cmp|oyccs 28.84 25.31
Con|rec|ors 36.25 32.88
|cpos||s v||h cen|s 1,839.30 1,oO2.52
lncomc |ex rcfunos 39.41 99.89
|css : |cfunoec|c |o cus|omcrs 0.02 34.47
39.39 o5.42
O|hcrs 8.22 12.O2
Dividend from
Long-term investments in
Sucs|o|er|cs 25.00 19.OO
!o|n| vcn|urcs 103.66 oO.1o
Current investments in
Vu|ue| funos 112.66 9O.14
Other non-operating income
Surcherc rccc|vco from cus|omcrs 87.75 1.1o
||rc chercs for cqu|pmcn| 4.28 3.23
|c| e|n |n forc|n currcncy |rensec||ons & |rens|e||ons 27.90 o1.25
Se|c of screp 89.06 8O.O8
||qu|oe|co oemecs rccovcrco 11.82 7.13
V|scc||encous |ncomc 200.06 115.3O
|ron| on o|spose| of nxco essc|s 4.62 13.28
3,176.62 2,894.O1
|css: rensfcrrco |o cxpcno||urc our|n cons|ruc||on pcr|oo ,nc|) - |o|c 28 38.84 4O.1o
rensfcrrco |o ocvc|opmcn| of coe| m|ncs 8.30 2.95
rensfcrrco |o ocfcrrco forc|n currcncy nuc|ue||on essc|/||ec||||y 27.90 o1.25
Total 3,101.58 2,789.o5
V|scc||encous |ncomc |nc|uocs |ncomc from |ovnsh|p rccovcr|cs eno rccc|p|s |overos |nsurencc c|e|ms.
24. Employee benets expense
` Crorc
Se|er|cs eno vecs 3,402.23 3,171.52
Con|r|cu||on |o prov|ocn| eno o|hcr funos 372.41 298.81
S|eff vc|ferc cxpcnscs 355.00 297.58
4,129.64 3,7o7.91
|css: /||oce|co |o fuc| cos| 193.58 1oo.32
rensfcrrco |o ocvc|opmcn| of coe| m|ncs 34.31 32.OO
rensfcrrco |o cxpcno||urc our|n cons|ruc||on pcr|oo ,nc|)- |o|c 28 541.63 4o7.88
Total 3,360.12 3,1O1.71
e) ||sc|osurcs rcqu|rco cy /S 15 |n rcspcc| of prov|s|on meoc |overos ver|ous cmp|oyccs ccncn|s erc meoc |n |o|c 38.
c) Se|ery eno vecs |nc|uoc nc|o compcnse|ory e||ovencc pe|o cy |hc Compeny |o c|||c|c cmp|oyccs scrv|n |n o|fncu|| eno fer nun erces v.c.f.
1
s|
!enuery 2OO7. /s pcr |hc Ofncc Vcmorenoum oe|co 2o
|h
|ovcmccr 2OO8 of ||| rc|e||n |o rcv|s|on of pey sce|cs v.c.f 1
s|
!enuery 2OO7, spcc|e|
e||ovencc cen cc pe|o |o such cmp|oyccs up|o 1O% of ces|c pey es epprovco cy conccrnco eom|n|s|re||vc m|n|s|ry. ln consu||e||on v||h |hc |||,
|hc Compeny |s |n |hc proccss of formu|e||n e schcmc |n |h|s rcero eno |hc semc she|| cc forveroco |o VO| ef|cr epprove| of |hc boero.
37
th
25. Finance costs
` Crorc
Interest on
bonos 900.87 831.5O
|orc|n currcncy |crm |oens 235.33 2O5.71
|upcc |crm |oens 2,753.01 2,335.7O
|uc||c ocpos||s 0.16 1.24
|orc|n currcncy conos/no|cs 345.91 184.32
O|hcrs 73.14 oO.99
4,308.42 3,o19.4o
Other borrowing costs
bonos scrv|c|n & puc||c ocpos|| cxpcnscs 2.38 2.18
Gueren|cc fcc 39.84 37.o7
Venecmcn| fcc 36.24 1O.97
|orc|n currcncy conos/no|cs cxpcnscs 6.05 17.1O
0p-fron| fcc - 15.31
lnsurencc prcm|um on forc|n currcncy |oens 27.39 -
O|hcrs 2.67 O.95
114.57 84.18
Exchange differences regarded as an adjustment to interest costs (350.21) 35O.21
4,072.78 4,O53.85
|css: rensfcrrco |o cxpcno||urc our|n cons|ruc||on pcr|oo ,nc|) - |o|c 28 2,101.90 2,3O8.47
Total 1,924.36 1,711.o4
26. Generation, administration & other expenses
` Crorc
|ovcr chercs 172.89 224.33
|css: |ccovcrco from con|rec|ors & cmp|oyccs 18.47 17.73
154.42 2Oo.oO
\e|cr chercs 488.67 329.59
S|orcs consumco 46.35 45.24
|cn| 28.38 2o.33
|css: |ccovcr|cs 7.83 8.13
20.55 18.2O
|oeo o|spe|ch ccn|rc chercs 41.66 42.93
|cpe|rs & me|n|cnencc
bu||o|ns 170.91 14o.OO
||en| & mech|ncry
|ovcr s|e||ons 1,781.36 1,528.51
Cons|ruc||on cqu|pmcn| 1.09 O.73
1,782.45 1,529.24
O|hcrs 105.91 93.o7
lnsurencc 104.62 97.29
ln|crcs| peyec|c |o cus|omcrs 5.72 ,o7.57)
|e|cs eno |excs 33.54 23.84
\e|cr ccss & cnv|ronmcn| pro|cc||on ccss 35.44 25.5O
re|n|n & rccru||mcn| cxpcnscs 63.07 72.7O
|css: |ccs for epp||ce||on eno |re|n|n 1.56 1.31
61.51 71.39
37
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` Crorc
Commun|ce||on cxpcnscs 43.88 37.75
revc|||n cxpcnscs 182.66 171.35
cnocr cxpcnscs 21.46 21.71
|css: |ccc|p| from se|c of |cnocrs 2.96 2.22
18.50 19.49
|eymcn| |o euo||ors 3.01 2.74
/ovcr||scmcn| eno puc||c||y 13.31 12.23
Sccur||y cxpcnscs 327.23 29O.9o
|n|cr|e|nmcn| cxpcnscs 13.88 13.1o
|xpcnscs for ucs| housc 18.94 1o.4O
|css: |ccovcr|cs 2.67 2.18
16.27 14.22
|ouce||on cxpcnscs 9.31 1O.O2
bro|crec & comm|ss|on 2.79 2.oO
Commun||y ocvc|opmcn| eno vc|ferc cxpcnscs 84.79 58.32
|css: Gren|s-|n-e|o 0.39 O.24
84.40 58.O8
|one||on 0.14 ,O.1O)
/sh u||||se||on & mer|c||n cxpcnscs 5.20 4.22
|css: Se|c of esh proouc|s 0.04 O.Oo
5.16 4.1o
||rcc|ors s||||n fcc 0.30 O.25
boo|s eno pcr|oo|ce|s 2.65 1.94
|rofcss|one| chercs eno consu||ency fccs 28.40 3O.19
|ce| cxpcnscs 27.12 15.27
||| h|rc eno o|hcr chercs 14.53 14.41
|r|n||n eno s|e||oncry 12.36 11.5o
O|| & es cxp|ore||on cxpcnscs 8.78 14.34
||r|n of vch|c|cs 55.23 47.O8
|cce|c |o cus|omcrs 521.71 o32.87
|c|mcurscmcn| of |.C.chercs on se|cs rce||se||on 0.60 4.1O
ben| chercs 2.93 2.95
|c| |oss |n forc|n currcncy |rensec||ons & |rens|e||ons 5.07 35.31
V|scc||encous cxpcnscs 106.25 95.o7
S|orcs vr|||cn off 0.14 O.15
Survcy & |nvcs||e||on cxpcnscs vr|||cn off 2.37 7.O5
|oss on o|spose|/vr||c-off of nxco essc|s 59.91 58.4O
4,620.64 4,17O.12
|css: /||oce|co |o fuc| cos| 281.84 23o.11
rensfcrrco |o ocfcrrco forc|n currcncy nuc|ue||on essc|/||ec||||y 1.51 15.o5
4,004.97 3,523.o1
Provisions for
er|ff eous|mcn|s 103.24 -
||m|nu||on |n ve|uc of |on |crm |nvcs|mcn|s |n sucs|o|ery compeny - 8.14
||m|nu||on |n ve|uc of |on |crm |nvcs|mcn|s |n o|n| vcn|urc 1.04 -
|ouc|fu| |oens, eovenccs eno c|e|ms 0.09 O.O5
Shor|ec |n s|orcs 1.34 O.88
37
th
` Crore
For the year ended 31.03.2013 31.03.2012
Obsolescence in stores 4.66 10.39
Shortage in construction stores 0.13 0.26
Unserviceable capital work-in-progress 49.89 3.54
Unnished minimum work programme for oil and gas exploration 5.08 41.19
Shortages in xed assets 0.27 0.73
Others 40.51 -
206.25 65.18
Total 4,211.22 3,588.79
a) Spares consumption included in repairs and maintenance 1,006.61 834.50
b) Details in respect of payment to auditors:
As auditor
Audit fee 1.00 0.85
Tax audit fee 0.35 0.30
Limited review 0.60 0.52
In other capacity
Other services (certication fees) 0.35 0.33
Reimbursement of expenses 0.40 0.53
Reimbursement of service tax 0.31 0.21
Total 3.01 2.74
Payment to the auditors includes ` 0.24 crore (previous year ` 0.13 crore) relating to earlier year.
c) CERC Regulations provides that where after the truing-up, the tariff recovered is more than the tariff approved by the Commission, the generating
Company shall pay to the beneciaries the over recovered amount along-with simple interest. Accordingly, the interest payable to the beneciaries
amounting to ` 5.72 crore (previous year (-) ` 67.57 crore) has been accounted and disclosed as Interest payable to customers.
27. Prior period items (net)
` Crore
Revenue
Sales (0.03) 9.00
Others 1.88 0.81
1.85 9.81
Expenditure
Employee benets expense (5.13) (322.05)
Finance costs:
Interest (12.00) (0.61)
Other borrowing costs (7.91) -
Depreciation and amortisation (0.25) (1.35)
Generation, administration and other expenses
Repairs and maintenance 0.39 (0.21)
Professional consultancy charges 0.14 -
Communication expenses 0.04 0.04
Advertisement and publicity 0.12 -
Rates & taxes (0.07) 0.09
Rent (0.33) 0.90
Others (12.96) (1.43)
(37.96) (324.62)
Net expenditure/(revenue) (39.81) (334.43)
Less: Transferred to expenditure during construction period (net)-Note 28 (10.09) (19.01)
Transferred to Development of coal mines - (1.84)
Total (29.72) (313.58)
37
th
28. Expenditure during construction period (net)
` Crore
A. Employee benets expense
Salaries and wages 470.39 410.83
Contribution to provident and other funds 38.81 32.11
Staff welfare expenses 32.43 24.94
Total (A) 541.63 467.88
B. Finance costs
Interest on
Bonds 390.47 467.08
Foreign currency term loans 94.88 99.93
Rupee term loans 1,486.58 1,397.01
Foreign currency bonds/notes 222.88 104.91
Foreign currency bonds/notes expenses 5.54 10.47
Management/arrangers/upfront fee 36.24 20.77
Others 50.56 23.05
Exchange differences regarded as an adjustment to interest costs (185.25) 185.25
Total (B) 2,101.90 2,308.47
C. Depreciation and amortisation 36.11 32.21
D. Generation, administration & other expenses
Power charges 100.59 155.21
Less: Recovered from contractors & employees 1.60 1.76
98.99 153.45
Water charges 10.76 47.77
Rent 5.27 4.21
Repairs & maintenance
Buildings 6.81 7.18
Construction equipment 0.74 0.37
Others 22.73 14.58
30.28 22.13
Insurance 1.48 1.23
Rates and taxes 0.84 2.40
Communication expenses 5.56 5.04
Travelling expenses 35.33 32.32
Tender expenses 5.78 4.46
Less: Income from sale of tenders 0.06 0.08
5.72 4.38
Advertisement and publicity 1.49 0.85
Security expenses 43.82 39.38
Entertainment expenses 2.30 2.46
Guest house expenses 4.13 3.18
Education expenses 0.01 0.02
Books and periodicals 0.91 0.35
Community development expenses 7.46 2.59
Professional charges and consultancy fee 6.35 7.97
Legal expenses 5.15 1.94
EDP hire and other charges 1.22 1.20
Printing and stationery 1.17 1.28
Miscellaneous expenses 50.46 47.68
Total (D) 318.70 381.83
E. Less: Other income
Hire charges 3.70 2.76
Sale of scrap - 0.11
Interest from contractors 22.34 29.09
Interest others 0.87 0.60
Miscellaneous income 11.93 7.60
Total (E) 38.84 40.16
F. Prior period items (net) (10.09) (19.01)
Grand total (A+B+C+D-E+F) 2,949.41* 3,131.22
* Carried to capital work-in-progress - (Note 13)
37
th
29. |rcv|ous ycer nurcs hevc cccn rcroupco /rcerrenco vhcrcvcr cons|ocrco ncccssery.
3O. /moun| |n |hc nnenc|e| s|e|cmcn|s erc prcscn|co |n ` crorc ,up|o |vo occ|me|s) cxccp| for pcr sherc oe|e eno es o|hcr-v|sc s|e|co. Ccr|e|n
emoun|s, vh|ch oo no| eppcer ouc |o rouno|n off, erc o|sc|osco scpere|c|y.
31. e) Somc of |hc ce|enccs of |reoc/o|hcr peyec|cs eno |oens eno eovenccs erc succc| |o connrme||on/rcconc|||e||on. /ous|mcn|s, |f eny v||| cc
eccoun|co for on connrme||on/rcconc|||e||on of |hc semc, vh|ch |n |hc op|n|on of |hc menecmcn| v||| no| hevc e me|cr|e| |mpec|.
c) ln |hc op|n|on of |hc menecmcn|, |hc ve|uc of essc|s, o|hcr |hen nxco essc|s eno non-currcn| |nvcs|mcn|s, on rce||se||on |n |hc oro|nery
coursc of cus|ncss, v||| no| cc |css |hen |hc ve|uc e| vh|ch |hcsc erc s|e|co |n |hc be|encc Shcc|.
32. Govcrnmcn| of lno|e, V|n|s|ry of |ovcr v|oc ||s |c||crs |.|o.o/1/2OO7-||n.,vo|.vlll) oe|co 5
|h
|ccruery 2O13 eno 29
|h
Verch 2O13 o|rcc|co
Govcrnmcn| of |e||one| Cep||e| crr||ory of |c|h| ,G|C|) |o rc|cesc peymcn| |overos sc|||cmcn| of oucs of crs|vh||c |c|h| ||cc|r|c Supp|y
0nocr|e||n ,||S0) emoun||n |o ` 835.97 crorc es pr|nc|pe| eno ` 1,o84.11 crorc es |n|crcs| |o |hc compeny. Conscqucn||y, prov|s|on for
oouc|fu| occ| of ` 835.97 crorc hes cccn vr|||cn cec| ,|o|c 22) eno |n|crcs| of ` 1,o84.11 crorc hes cccn rccon|sco es en cxccp||one| ||cm |n
|hc S|e|cmcn| of |ron| eno |oss our|n |hc ycer.
33. v|oc ezc||c no||nce||on | no.22O21/1/2OO8-C|C/ll oe|co 3O.12.2O11 |ssuco cy V|n|s|ry of Coe| ,VoC), reo|n eno pr|c|n of non-co||n coe| ves
m|re|co from 0scfu| |ce| ve|uc ,0|v) |o Gross Ce|or|nc ve|uc ,GCv) cesco sys|cm v.c.f. 1
s|
!enuery 2O12. hc Coe| Supp|y /rccmcn|s ,CS/s)
cn|crco |n|o cy |hc Compeny vcrc rcqu|rco |o cc emcnoco |o |ncorpore|c ecccp|ec|c proccourcs for semp|c co||cc||on, prcpere||on, |cs||n
eno ene|ys|s, |o fec||||e|c such m|re||on, vh|ch erc s|||| pcno|n. hc Compeny's boero of ||rcc|ors epprovco peymcn|s |o |hc coe| compen|cs
cesco on |hc GCv cesco pr|c|n sys|cm, eno o|rcc|co |o fremc mooe||||cs for |mp|cmcn|e||on of GCv cesco reo|n sys|cm. /ccoro|n|y,
mooe||||cs vcrc fremco |o cffcc| o|n| semp||n eno |cs||n of coe| e| m|nc cno/s|e||on cno eno fu|urc peymcn|s |o coe| compen|cs. hc ecovc
mooe||||cs vcrc commun|ce|co |o |hc coe| compen|cs v.c.f. Oc|occr/ |ovcmccr 2O12, |hcrcef|cr |hc Compeny rc|cesco peymcn|s on |hc ces|s
of GCv mcesurco e| s|e||on cno fo||ov|n |hc |mp|cmcn|e||on of |hc se|o mooe||||cs s|ncc ver|e||on |n |hc GCv of coe| supp||co eno rccc|vco e|
povcr s|e||ons ves no||cco. hc Compeny rcu|er|y |nformco coe| compen|cs ecou| |h|s ver|e||on vh|ch hes no| cccn ecccp|co cy |hcm. hc
|ssuc hes cccn |e|cn up v||h |hc coe| compen|cs o|rcc||y eno |hrouh |hc Vo| eno VoC, GOl for rcso|u||on. |cno|n rcso|u||on of |hc |ssuc,
o|ffcrcncc cc|vccn |hc emoun| c|||co cy |hc coe| compen|cs eno |hc emoun|s eom|||co cy |hc compeny |s o|sc|osco es con||ncn| ||ec||||y v||h
corrcspono|n poss|c|c rc|mcurscmcn|s from |hc ccncnc|er|cs ,|cfcr |o|c-5O).
34. hc |cvy of |rens|| fcc/cn|ry |ex on supp||cs of fuc| |o somc of |hc povcr s|e||ons hes cccn pe|o unocr pro|cs| es |hc me||crs erc sucuo|cc e|
ver|ous cour|s. ln cesc |hc Compeny c|s rcfuno/ocmeno from fuc| supp||crs/|ex eu|hor|||cs on sc|||cmcn| of |hcsc cescs, |hc semc v||| cc pessco
on |o rcspcc||vc ccncnc|er|cs.
35. Disclosure as per Accounting Standard - 5 Net Prot or Loss for the Period, Prior Period Items and Changes in Accounting Policies
|) V|n|s|ry of Corpore|c /ffe|rs, Govcrnmcn| of lno|e |hrouh C|rcu|er no. 25/2O12 oe|co 9
|h
/uus| 2O12 hes c|er|nco |he| pere o of /ccoun||n
S|enoero ,/S) 11 eno pere 4 ,c) of /S 1o she|| no| epp|y |o e Compeny vh|ch |s epp|y|n pere 4o-/ of /S 11. /ccoro|n|y, Compeny hes
moo|fco |hc rc|e|co eccoun||n po||c|cs. Conscqucn||y, cxchenc o|ffcrcnccs er|s|n on sc|||cmcn|/|rens|e||on of forc|n currcncy |oens |o
|hc cx|cn| rceroco es en eous|mcn| |o |n|crcs| cos|s es pcr pere 4 ,c) of /S 1o eno h||hcr|o cherco |o S|e|cmcn| of |ron| eno |oss, hevc
nov cccn eous|co |n |hc cos| of rc|e|co essc|s. /s e rcsu||, pron| for |hc ycer cnoco 31
s|
Verch 2O13 |s h|hcr cy ` 14.8O crorc, nxco essc|s
erc h|hcr cy ` 173.5o crorc eno |cfcrrco lncomc from |orc|n Currcncy ||uc|ue||on |s h|hcr cy ` 158.7o crorc.
||) |ur|n |hc ycer, |hc Compeny rcv|cvco ||s po||cy for eccoun||n of cerpc| coe| vh|ch ves h||hcr|o cherco |o |hc S|e|cmcn| of |ron| eno |oss eno
cep||e||sco |hc cos| of cerpc| coe| v||h |hc coe| heno||n p|en|. Conscqucn||y, |en|c|c essc|s eno pron| for |hc ycer erc h|hcr cy ` 2O.3o crorc.
|||) |ur|n |hc ycer, |hc Compeny hes rcv|cvco eno moo|fco |hc eccoun||n po||cy rc|e|co |o emor||se||on of o|hcr |n|en|c|c essc|s |o cr|n
morc c|er||y. |ovcvcr, |h|s oocs no| hevc eny |mpec| on eccoun|s for |hc ycer.
36. Disclosure as per Accounting Standard - 11 on Effects of Changes in Foreign Exchange Rates
hc cffcc| of forc|n cxchenc nuc|ue||on our|n |hc ycer |s es unocr:
|) hc emoun| of cxchenc o|ffcrcnccs ,nc|) occ||co |o |hc s|e|cmcn| of pron| & |oss |s ` 3.56 crore ,prcv|ous ycer ` 19.oo crorc).
||) hc emoun| of cxchenc o|ffcrcnccs ,nc|) occ||co |o |hc cerry|n emoun| of nxco essc|s |s ` 1,056.01 crore ,prcv|ous ycer ` 1,oo1.21 crorc).
37. Disclosure as per Accounting Standard - 12 on Accounting for Government Grants
|cvcnuc ren|s rccon|sco our|n |hc ycer |s ` 0.39 crore ,prcv|ous ycer ` O.24 crorc).
38. Disclosure as per Accounting Standard - 15 on Employee Benets
Gcncre| ocscr|p||on of ver|ous cmp|oycc ccncn| schcmcs erc es unocr:
A. Provident Fund
Compeny peys nxco con|r|cu||on |o prov|ocn| funo e| prcoc|crm|nco re|cs |o e scpere|c |rus|, vh|ch |nvcs|s |hc funos |n pcrm|||co sccur|||cs.
Con|r|cu||on |o fem||y pcns|on schcmc |s pe|o |o |hc eppropr|e|c eu|hor|||cs. hc con|r|cu||on of ` 192.88 crore ,prcv|ous ycer ` 173.4o
crorc) |o |hc funos for |hc ycer |s rccon|sco es cxpcnsc eno |s cherco |o |hc s|e|cmcn| of pron| eno |oss. hc oc||e||on of |hc Compeny
|s |o me|c such nxco con|r|cu||on eno |o cnsurc e m|n|mum re|c of rc|urn |o |hc mcmccrs es spcc|nco cy GOl. /s pcr rcpor| of |hc ec|uery,
ovcre|| |n|crcs| cern|ns eno cumu|e||vc surp|us |s morc |hen |hc s|e|u|ory |n|crcs| peymcn| rcqu|rcmcn|. |cncc, no fur|hcr prov|s|on |s
cons|ocrco ncccssery. hc oc|e||s of fe|r ve|uc of p|en essc|s eno oc|||||ons erc es unocr:
` Crorc
Particulars 31.03.2013 31.O3.2O12
Oc|||||ons e| |hc cno of |hc ycer 4,755.00 4,118.35
|e|r ve|uc of p|en essc|s e| |hc cno of |hc ycer 4,812.77 4,183.8o
B. Gratuity & Pension
hc Compeny hes e ocnnco ccncn| re|u||y p|en. |vcry cmp|oycc vho hes rcnocrco con||nuous scrv|cc of nvc ycers or morc |s cn||||co |o
c| re|u||y e| 15 oeys se|ery ,15/2o |es| orevn ces|c se|ery p|us ocerncss e||ovencc) for cech comp|c|co ycer of scrv|cc succc| |o e
mex|mum of ` 0.10 crore on supcrennue||on, rcs|ne||on, |crm|ne||on, o|sec|cmcn| or on oce|h.
37
th
hc Compeny hes e schcmc of pcns|on e| onc of |hc s|e||ons |n rcspcc| of cmp|oyccs |e|cn ovcr from crs|vh||c s|e|c ovcrnmcn| povcr
u|||||y. ln rcspcc| of o|hcr cmp|oyccs of |hc Compeny, pcns|on schcmc |s yc| |o cc |mp|cmcn|co es s|e|co |n |o|c 11.
hc cx|s||n schcmcs erc funoco cy |hc Compeny eno erc meneco cy scpere|c |rus|s. hc ||ec||||y for |hc semc |s rccon|sco on |hc ces|s
of ec|uer|e| ve|ue||on.
C. Post-Retirement Medical Facility (PRMF)
hc Compeny hes |os|-|c||rcmcn| Vco|ce| |ec||||y ,||V|), unocr vh|ch e rc||rco cmp|oycc eno h|s / hcr spousc erc prov|oco mco|ce|
fec|||||cs |n |hc Compeny hosp||e|s/cmpenc||co hosp||e|s. hcy cen e|so eve|| |rce|mcn| es ou|-pe||cn| succc| |o e cc|||n nxco cy |hc
Compeny. hc ||ec||||y for |hc semc |s rccon|sco on |hc ces|s of ec|uer|e| ve|ue||on.
D. Terminal Benets
crm|ne| ccncn|s |nc|uoc sc|||cmcn| e| homc |ovn for cmp|oyccs & ocpcnocn|s eno fercvc|| |f| |o |hc supcrennue||n cmp|oyccs. |ur|hcr,
|hc Compeny e|so prov|ocs for pcns|on |n rcspcc| of cmp|oyccs |e|cn ovcr from crs|vh||c S|e|c Govcrnmcn| |ovcr 0|||||y e| eno|hcr s|e||on.
hc ||ec||||y for |hc semc |s rccon|sco on |hc ces|s of ec|uer|e| ve|ue||on.
E. Leave
hc Compeny prov|ocs for cernco |cevc ccncn| ,|nc|uo|n compcnse|co ecscnccs) eno he|f-pey |cevc |o |hc cmp|oyccs of |hc Compeny
vh|ch eccruc ennue||y e| 3O oeys eno 2O oeys rcspcc||vc|y. 73.33 % of |hc cernco |cevc |s cn-ceshec|c vh||c |n scrv|cc, eno up|o e mex|mum
of 3OO oeys on scpere||on. |e|f-pey |cevc |s cn-ceshec|c on|y on scpere||on ccyono |hc ec of 5O ycers up |o |hc mex|mum of 24O oeys ,|||).
|ovcvcr, |o|e| emoun| of |cevc |he| cen cc cnceshco on supcrennue||on she|| cc rcs|r|c|co |o 3OO oeys eno no commu|e||on of he|f-pey
|cevc she|| cc pcrm|ss|c|c. hc ||ec||||y for |hc semc |s rccon|sco on |hc ces|s of ec|uer|e| ve|ue||on.
hc ecovc mcn||onco schcmcs ,C, | eno |) erc unfunoco eno erc rccon|sco on |hc ces|s of ec|uer|e| ve|ue||on.
hc summer|sco pos|||on of ver|ous ocnnco ccncn|s rccon|sco |n |hc s|e|cmcn| of pron| eno |oss, ce|encc shcc| erc es unocr:
,||urcs |vcn |n { ] erc for prcv|ous ycer)
i) Expenses recognised in Statement of Prot & Loss
` Crorc
Gratuity/
Pension
PRMF Leave Terminal
Benets
Currcn| scrv|cc cos|
o5.23 13.81 5O.12 5.55
{59.O2] {11.O3] {41.87] {4.98]
ln|crcs| cos| on ccncn| oc||e||on
1O3.11 29.5o 59.17 18.35
{1OO.75] {2o.49] {55.4O] {1o.35]
|xpcc|co rc|urn on p|en essc|s
,92.84) - - -
{,82.34)] {-] {-] {-]
|c| ec|uer|e| ,e|n)/ |oss rccon|sco |n |hc ycer
48.14 51.O3 184.1o 3O.21
{O.97] {29.34] {87.25] {25.94]
|xpcnscs |rensfcrrco |o cep||e| vor|-|n-prorcss
5.94 3.72 8.24 -
{o.o8] {3.oO] {18.O1] {-]
|xpcnscs rccon|sco |n |hc s|e|cmcn| of pron| & |oss
117.7O 9O.o8 285.21 54.11
{71.72] {o3.2o] {1oo.51] {47.27]
/c|ue| rc|urn on p|en essc|s
1O2.2O - - -
{94.o3] {-] {-] {-]
ii) The amount recognised in the Balance Sheet
` Crorc
Gratuity/
Pension
PRMF Leave Terminal
Benets
|rcscn| ve|uc of oc||e||on es e| 31.O3.2O13
1,433.87 451.Oo 853.42 271.85
{1,288.8o] {3o9.49] {739.57] {229.34]
|e|r ve|uc of p|en essc|s es e| 31.O3.2O13
1,25o.O5 - - -
{1,1o2.97] {-] {-] {-]
|c| ||ec||||y rccon|sco |n |hc ce|encc shcc|
177.82 451.Oo 853.42 271.85
{125.89] {3o9.49] {739.57] {229.34]
iii) Changes in the present value of the dened benet obligations:
` Crorc
Gratuity/
Pension
PRMF Leave Terminal
Benets
|rcscn| ve|uc of oc||e||on es e| O1.O4.2O12
1,288.8o 3o9.49 739.57 229.34
{1,185.28] {311.o7] {o51.9O] {192.29]
ln|crcs| cos|
1O3.11 29.5o 59.17 18.35
{1OO.75] {2o.49] {55.4O] {1o.35]
Currcn| scrv|cc cos|
o5.23 13.81 5O.12 5.55
{59.O2] {11.O3] {41.87] {4.98]
bcncn|s pe|o
,8O.84) ,12.83) ,179.oO) ,11.oO)
{,o9.45)] {,9.O4)] {,9o.85)] {,1O.22)]
|c| ec|uer|e| ,e|n)/ |oss on oc||e||on
57.51 51.O3 184.1o 3O.21
{13.2o] {29.34] {87.25] {25.94]
|rcscn| ve|uc of |hc ocnnco ccncn| oc||e||on es e| 31.O3.2O13
1,433.87 451.Oo 853.42 271.85
{1,288.8o] {3o9.49] {739.57] {229.34]
37
th
iv) Changes in the fair value of plan assets: ` Crorc
Gratuity/
Pension
PRMF Leave Terminal
Benets
|e|r ve|uc of p|en essc|s es e| O1.O4.2O12
1,1o2.97 - - -
{1,O31.o8] {-] {-] {-]
|xpcc|co rc|urn on p|en essc|s
92.84 - - -
{82.34] {-] {-] {-]
Con|r|cu||ons cy cmp|oycr
o7.22 - - -
{1O2.32] {-] {-] {-]
bcncn| pe|o
,7o.35) - - -
{,o5.oo)] {-] {-] {-]
|c| ec|uer|e| e|n/,|oss)
9.37 - - -
{12.29] {-] {-] {-]
|e|r ve|uc of p|en essc|s es e| 31.O3.2O13
1,25o.O5 - - -
{1,1o2.97] {-] {-] {-]
v) Other disclosures: ` Crorc
Gratuity/Pension 31.03.2013 31.03.2012 31.03.2011 31.03.2010 31.03.2009
|rcscn| ve|uc of oc||e||on es e| |hc cno of 1433.87 1288.8o 1185.28 1Oo5.O2 1O4O.99
|e|r ve|uc of p|en essc|s es e| |hc cno of 125o.O5 11o2.97 1O31.o8 987.14 535.94
Surp|us/,|cnc||) ,177.82) ,125.89) ,153.oO) ,77.88) ,5O5.O5)
|xpcr|cncc eous|mcn| on p|en ||ec|||||cs ,|oss)/e|n ,5O.O4) ,18.87) ,59.49) 1O.13 ,21.O4)
|xpcr|cncc eous|mcn| on p|en essc|s ,|oss)/e|n 9.37 12.29 5.1O 25.12 4.o1
` Crorc
PRMF 31.03.2013 31.03.2012 31.03.2011 31.03.2010 31.03.2009
|rcscn| ve|uc of oc||e||on es e| |hc cno of 451.Oo 3o9.49 311.o7 244.39 213.29
|xpcr|cncc eous|mcn| on p|en ||ec|||||cs ,|oss)/e|n ,19.53) ,3O.oO) ,33.27) ,12.o5) ,4.24)
` Crorc
Leave 31.03.2013 31.03.2012 31.03.2011 31.03.2010 31.03.2009
|rcscn| ve|uc of oc||e||on es e| |hc cno of 853.42 739.57 o51.9O 585.O7 o47.94
|xpcr|cncc eous|mcn| on p|en ||ec|||||cs ,|oss)/e|n ,18O.4o) ,89.9O) ,87.83) ,37.25) ,1O7.1o)
` Crorc
Terminal Benets 31.03.2013 31.03.2012 31.03.2011 31.03.2010 31.03.2009
|rcscn| ve|uc of oc||e||on es e| |hc cno of 271.85 229.34 192.29 1o7.47 125.51
|xpcr|cncc eous|mcn| on p|en ||ec|||||cs ,|oss)/e|n ,25.49) ,24.38) ,23.95) ,3o.o8) ,1o.94)

vi) The effect of one percentage point increase/decrease in the medical cost of PRMF will be as under:
` Crorc
Increase by Decrease by
Scrv|cc eno |n|crcs| cos| 5.72 ,o.27)
|rcscn| ve|uc of oc||e||on 73.42 ,oO.22)

F. Details of the Plan Assets
hc oc|e||s of |hc p|en essc|s e| cos| erc: ` Crorc
31.03.2013 31.O3.2O12
|) S|e|c ovcrnmcn| sccur|||cs 337.46 273.43
||) Ccn|re| ovcrnmcn| sccur|||cs 331.27 33O.85
|||) Corpore|c conos/occcn|urcs 465.84 417.27
|v) Voncy mer|c| |ns|rumcn|s 7.50 5.97
v) lnvcs|mcn| v||h |nsurencc compen|cs 76.34 1O4.34
v|) ||xco ocpos||s v||h cen|s 5.16 5.44
Total 1,223.57 1,137.3O
hc emoun|s |nc|uoco |n |hc ve|uc of p|en essc|s |n rcspcc| of |hc rcpor||n cn|crpr|sc's ovn nnenc|e| |ns|rumcn|s |s ` 25.00 crore
,prcv|ous ycer ` 25.OO crorc).
G. /c|ue| rc|urn on p|en essc|s ` 102.20 crore ,prcv|ous ycer ` 94.o3 crorc).
37
th
H. Other Employee Benets
|rov|s|on for |on scrv|cc evero eno fem||y cconom|c rchec||||e||on schcmc emoun||n |o ` 3.36 crore ,prcv|ous ycer ` 4.85 crorc) for
|hc ycer hevc cccn meoc on |hc ces|s of ec|uer|e| ve|ue||on e| |hc ycer cno eno occ||co |o |hc s|e|cmcn| of pron| & |oss.
I. Actuarial Assumptions
|r|nc|pe| essump||ons usco for ec|uer|e| ve|ue||on for |hc ycer cnoco erc:
31.03.2013 31.O3.2O12
|) Vc|hoo usco |rocc|co 0n|| Crco||
Vc|hoo
||) ||scoun| re|c 8.00% 8.5O%
|||) |xpcc|co re|c of rc|urn on essc|s:
- Gre|u||y 8.00% 8.OO%
- |cns|on 7.00% 7.OO%
|v) /nnue| |ncrcesc |n cos|s 6.00% o.OO%
v) |u|urc se|ery |ncrcesc 6.00% o.OO%
hc cs||me|cs of fu|urc se|ery |ncrcescs cons|ocrco |n ec|uer|e| ve|ue||on, |e|c eccoun| of |nne||on, scn|or||y, promo||on eno o|hcr
rc|cven| fec|ors, such es supp|y eno ocmeno |n |hc cmp|oymcn| mer|c|. |ur|hcr, |hc cxpcc|co rc|urn on p|en essc|s |s oc|crm|nco
cons|ocr|n scvcre| epp||cec|c fec|ors me|n|y |hc compos|||on of p|en essc|s hc|o, esscssco r|s| of essc| menecmcn| eno h|s|or|ce|
rc|urns from p|en essc|s.
J. hc Compeny's ccs| cs||me|c of |hc con|r|cu||on |overos re|u||y/pcns|on for |hc nnenc|e| ycer 2O13-14 |s ` 44.81 crore.
39. Disclosure as per Accounting Standard - 16 on Borrowing Costs
borrov|n cos|s cep||e||sco our|n |hc ycer erc ` 2,148.14 crore ,prcv|ous ycer ` 2,342.21 crorc).
40. Disclosure as per Accounting Standard - 17 on Segment Reporting
Segment information:
e) bus|ncss scmcn|s
hc Compeny's pr|nc|pe| cus|ncss |s cncre||on eno se|c of cu|| povcr |o S|e|c |ovcr 0||||||cs. O|hcr cus|ncss |nc|uocs prov|o|n consu||ency,
procc| menecmcn| eno supcrv|s|on, o|| eno es cxp|ore||on eno coe| m|n|n.
c) Scmcn| rcvcnuc eno cxpcnsc
|cvcnuc o|rcc||y e||r|cu|ec|c |o |hc scmcn|s |s cons|ocrco es 'Scmcn| |cvcnuc'. |xpcnscs o|rcc||y e||r|cu|ec|c |o |hc scmcn|s eno
common cxpcnscs e||oce|co on e rcesonec|c ces|s erc cons|ocrco es 'Scmcn| |xpcnscs'.
c) Scmcn| essc|s eno ||ec|||||cs
Scmcn| essc|s |nc|uoc e|| opcre||n essc|s |n rcspcc||vc scmcn|s compr|s|n of nc| nxco essc|s eno currcn| essc|s, |oens eno eovenccs.
Cons|ruc||on vor|-|n-prorcss, cons|ruc||on s|orcs eno eovenccs erc |nc|uoco |n une||oce|co corpore|c eno o|hcr essc|s. Scmcn| ||ec|||||cs
|nc|uoc opcre||n ||ec|||||cs eno prov|s|ons.
` Crorc
Business Segments
Total
Generation Others
Current year |rcv|ous ycer Current year |rcv|ous ycer Current year |rcv|ous ycer
Revenue :
Se|c of cncry/consu||ency, procc|
menecmcn| eno supcrv|s|on fccs *
64,189.57 o1,OO2.2O 126.81 142.o9 64,316.38 o1,144.89
O|hcr |ncomc** 3,347.88 1,113.31 1.65 3.3o 3,349.53 1,11o.o7
o|e| 67,537.45 o2,115.51 128.46 14o.O5 67,665.91 o2,2o1.5o
Segment result
#
16,645.05 12,3OO.3o 16.14 ,19.4o) 16,661.19 12,28O.9O
0ne||oce|co corpore|c |n|crcs| eno o|hcr
|ncomc
2,793.71 2,58O.32
0ne||oce|co corpore|c cxpcnscs, |n|crcs| eno
nnencc chercs
2,876.27 2,535.Oo
|ron| ccforc |ex 16,578.63 12,32o.1o
lncomc |ex ,nc|) 3,959.24 3,1O2.43
|ron| ef|cr |ex 12,619.39 9,223.73
37
th
` Crore
Business Segments
Total
Generation Others
Current year Previous year Current year Previous year Current year Previous year
Other information
Segment assets 81,719.33 64,642.77 340.02 220.52 82,059.35 64,863.29
Unallocated corporate and other assets 79,057.11 75,967.45
Total assets 81,719.33 64,642.77 340.02 220.52 161,116.46 140,830.74
Segment liabilities 10,715.15 8,235.50 295.06 167.53 11,010.21 8,403.03
Unallocated corporate and other liabilities 69,718.74 59,136.54
Total liabilities 10,715.15 8,235.50 295.06 167.53 80,728.95 67,539.57
Depreciation (including prior period) 3,358.94 2,753.31 0.24 0.17 3,359.18 2,753.48
Non-cash expenses other than depreciation 169.63 15.29 5.08 41.19 174.71 56.48
Capital expenditure 18,629.53 14,513.32 596.89 289.85 19,226.42 14,803.17
* Includes ` 1,487.94 crore (previous year ` 281.64 crore) for sales related to earlier years.
** Generation segment includes ` 1,684.11 crore (previous year Nil) towards exceptional items (Refer Note no.32).
# Generation segment result would have been ` 15,157.11 crore (previous year ` 12,018.72 crore) without including the sales related to
earlier years.
d) The operations of the Company are mainly carried out within the country and therefore, geographical segments are inapplicable.
41. Disclosure as per Accounting Standard - 18 on Related Party Disclosures
a) Related parties:
i) Joint ventures:
Utility Powertech Ltd., NTPC-Alstom Power Services Private Ltd., BF-NTPC Energy Systems Ltd., Pan-Asian Renewables Private Ltd.,
Trincomalee Power Company Ltd. and Bangladesh -India Friendship Power Company Private Ltd.
ii) Key Management Personnel:
Shri Arup Roy Choudhury Chairman and Managing Director
Shri A.K. Singhal Director (Finance)
Shri I.J. Kapoor Director (Commercial)
Shri.B.P.Singh Director (Projects)
Shri D.K. Jain Director (Technical)
1
Shri S.P.Singh Director (Human Resources)
2
Shri N.N.Mishra Director (Operations)
Shri A.K.Jha Director (Technical)
3
Shri U.P.Pani Director (Human Resources)
4
1. Superannuated on 30
th
June 2012 2. Superannuated on 28
th
February 2013 3. W.e.f. 1
st
July 2012
4. W.e.f. 1
st
March 2013
b) Transactions with the related parties at a (i) above are as follows:
` Crore
Particulars Current year Previous year
i) Transactions during the year
Con|rec|s for vor|s/scrv|ccs for scrv|ccs rccc|vco cy |hc Compeny:
- Utility Powertech Ltd. 393.14 335.47
- NTPC-Alstom Power Services Private Ltd. 6.19 10.10
|cpu|e||on of |mp|oyccs:
- NTPC-Alstom Power Services Private Ltd 1.23 0.82
- Trincomalee Power Company Limited 0.82 0.15
- Pan-Asian Renewables Private Ltd. 0.13 -
ii) Dividend Received:
- NTPC-Alstom Power Services Private Ltd. 0.36 0.30
iii) Amount recoverable for contracts for works/services received:
iv) Amount payable for contracts for works/services received:
v) Amount recoverable on account of deputation of employees:
- Trincomalee Power Company Limited 0.97 0.15
- Pan-Asian Renewables Private Ltd. 0.13 -
The Company has received bank guarantees from Utility Powertech Ltd. for an amount of ` 6.35 crore (previous year ` 4.18 crore).
37
th
c) Remuneration to key management personnel for the year is ` 3.59 crore (previous year ` 2.79 crore) and amount of dues outstanding to the
Company as on 31
st
March 2013 are ` 0.07 crore (previous year ` 0.08 crore).
` Crore
Managerial remuneration to Key management personnel 31.03.2013 31.03.2012
Shri Arup Roy Choudhury 0.54 0.35
Shri A.K. Singhal 0.55 0.47
Shri I.J. Kapoor 0.45 0.43
Shri.B.P.Singh 0.52 0.45
Shri D.K. Jain 0.38 0.42
Shri S.P.Singh 0.43 0.31
Shri N.N.Misra 0.44 0.36
Shri A.K.Jha 0.26 -
Shri U.P.Pani 0.02 -
Total 3.59 2.79
42. Disclosure as per Accounting Standard - 19 on Leases
a) Finance leases
The Company has taken on lease certain vehicles and has the option to purchase the vehicles as per terms of the lease agreements, details
of which are as under:
` Crore
31.03.2013 31.03.2012
a) Obligations towards minimum lease payments
|o| |e|cr |hen onc ycer 0.24 0.48
|e|cr |hen onc ycer eno no| |e|cr |hen nvc ycers 0.05 0.22
|e|cr |hen nvc ycers - -
Total 0.29 0.70
b) Present value of (a) above
|o| |e|cr |hen onc ycer 0.22 0.43
|e|cr |hen onc ycer eno no| |e|cr |hen nvc ycers 0.05 0.21
|e|cr |hen nvc ycers - -
Total 0.27 0.64
c) Finance charges 0.02 0.06
b) Operating leases
The Companys signicant leasing arrangements are in respect of operating leases of premises for residential use of employees, ofces and
guest houses/transit camps for a period of one to two years. These leasing arrangements are usually renewable on mutually agreed terms but
are not non-cancellable. Note -24 - Employee benets expense includes ` 76.38 crore (previous year ` 75.68 crore) towards lease payments
(net of recoveries) in respect of premises for residential use of employees. Lease payments in respect of premises for ofces and guest
house/transit camps are included under Rent in Note -26 Generation, administration and other expenses. Further, the Company has taken
a helicopter on wet lease basis for a period of eleven years and the amount of lease charges is included in Miscellaneous expenses in Note
- 26.
43. Disclosure as per Accounting Standard - 20 on Earnings Per Share
The elements considered for calculation of earning per share (Basic and Diluted) are as under:
Current year Previous year
Net prot after tax used as numerator - ` crore 12,619.39 9,223.73
Weighted average number of equity shares used as denominator 8,24,54,64,400 8,24,54,64,400
Earning per share (Basic and Diluted) - ` 15.30 11.19
Nominal value per share - ` 10/- 10/-
44. Disclosure as per Accounting Standard - 26 on Intangible Assets
Research expenditure charged to revenue during the year is ` 91.85 crore (previous year ` 29.89 crore).
37
th
45. Disclosure as per Accounting Standard - 27 on Financial Reporting of Interest in Joint Ventures
a) Joint Venture Entities:
Company Proportion of ownership interest as on
(excluding share application money)
31.03.2013
(%)
31.03.2012
(%)
A. Joint Ventures incorporated in India
1. Utility Powertech Ltd. 50.00 50.00
2. NTPC - Alstom Power Services Private Ltd. 50.00 50.00
3, NTPC-SAIL Power Company Private Ltd.* 50.00 50.00
4. NTPC -Tamilnadu Energy Company Ltd. 50.00 50.00
5. Ratnagiri Gas and Power Private Ltd.* 33.41 31.52
6. Aravali Power Company Private Ltd. 50.00 50.00
7. NTPC - SCCL Global Ventures Private Ltd.* 50.00 50.00
8. Meja Urja Nigam Private Ltd. 50.00 50.00
9. NTPC - BHEL Power Projects Private Ltd.* 50.00 50.00
10. BF - NTPC Energy Systems Ltd.* 49.00 49.00
11. Nabinagar Power Generating Company Private Ltd. 50.00 50.00
12. National Power Exchange Ltd.* 16.67 16.67
13. International Coal Ventures Private. Ltd.* 14.28 14.28
14. National High Power Test Laboratory Private Ltd. 20.00 25.00
15. Transformers & Electricals Kerala Ltd. 44.60 44.60
16. Energy Efciency Services Ltd.* 25.00 25.00
17. CIL NTPC Urja Private Ltd.* 50.00 50.00
18. Anushakti Vidyut Nigam Ltd.* 49.00 49.00
19. Pan-Asian Renewables Private Ltd.* 50.00 50.00
B. Joint Ventures incorporated outside India
1. Trincomalee Power Company Ltd.* (incorporated in Sri Lanka) 50.00 50.00
2. Bangladesh -India Friendship Power Company Private Ltd.
$
(incorporated in
Bangladesh)
50.00 -
* The accounts are unaudited
$ No investment has been made as at 31
st
March 2013. Further, there were no nancial transactions during the year.

The Companys share of the assets, liabilities, contingent liabilities and capital commitment as at 31
st
March 2013 and income and expenses
for the year in respect of joint venture entities based on audited/unaudited accounts are given below:
` Crore
31.03.2013 31.03.2012
A. Assets
|on |crm essc|s 14,424.69 12,314.73
Currcn| essc|s 1,961.71 1,978.68
Total 16,386.40 14,293.41
B. Liabilities
|on |crm ||ec|||||cs 8,879.94 8,085.19
Currcn| ||ec|||||cs eno prov|s|ons 2,218.80 1,940.20
Total 11,098.74 10,025.39
C. Contingent liabilities 117.90 78.09
D. Capital commitments 6,800.18 1,848.88
Current year Previous year
E. Income 3,638.71 3,659.89
F. Expenses 3,477.21 3,022.44
b) Joint venture operations:
i) The Company along-with some public sector undertakings has entered into Production Sharing Contracts (PSCs) with GOI for three
exploration blocks namely KG- OSN-2009/1, KG-OSN-2009/4 and AN-DWN-2009/13 under VIII round of New Exploration Licensing
Policy (NELP VIII) with 10% participating interest (PI) in each of the blocks.
37
th
Based on the un-audited statement of the accounts for the above blocks forwarded by M/s Oil & Natural Gas Corporation Ltd., the
operator, the Companys share in respect of assets and liabilities as at 31
st
March 2013 and expenditure for the year are given below:
` Crore
Item 2012-13
(Un-audited)
2011-12
(Un-audited)
Expenses 2.28 3.61
Assets 0.06 0.03
Liabilities 1.43 0.95
Capital commitments (Unnished MWP) 91.49 88.48
It is also informed that exploration activities in block KG-OSN-2009/4 has been suspended w.e.f. 11.01.2012 due to non clearance by
Defence Ministry, GOI. Further in case of AN-DWN 2009/13, GSPC has submitted notice of withdrawal from the block subsequent to
completion of minimum work programme and ONGC has decided to acquire 10% participating interest of GSPC.
ii) Exploration activities in the block AA-ONN-2003/2 were abandoned in January 2011 due to unforeseen geological conditions &
withdrawal of the operator. Attempts to reconstitute the consortium to accomplish the residual exploratory activities did not yield
result. In the meanwhile, Ministry of Petroleum & Natural Gas demanded in January 2011 the cost of unnished minimum work
programme from the consortium with NTPCs share being USD 7.516 million. During the year provision in this respect has been updated
to ` 46.27 crore from ` 41.19 crore along with interest in the previous year. The Company has sought waiver of the claim citing force
majeure conditions at site leading to discontinuation of exploratory activities.
The Company has accounted for expenditure of ` 0.09 crore for the year 2012-13 towards the establishment expenses of M/s Geopetrol
International, the operator to complete the winding up activities of the Block. The Companys share in the assets and liabilities as at 31
st

March 2013 and expenditure for the year is as under:
` Crore
Item 2012-13
(Un-audited)
2011-12
(Un-audited)
Expenses 0.22 0.18
Assets 14.64 14.64
Liabilities 2.32 2.10
Contingent liabilities 41.42 67.57
46. Disclosure as per Accounting Standard - 28 on Impairment of Assets
As required by Accounting Standard (AS) 28 Impairment of Assets notied under the Companies (Accounting Standards) Rules, 2006, the
Company has carried out the assessment of impairment of assets. Based on such assessment, there has been no impairment loss during the year.
47. Foreign currency exposure not hedged by a derivative instrument or otherwise:
Particulars Currencies Amount in Foreign Currency
(Crore)
Amount
(` Crore)
31.03.2013 31.03.2012 31.03.2013 31.03.2012
Borrowings, including interest accrued but not due
thereon.
USD 252.41 204.13 13,859.96 10,538.98
JPY 4904.08 5337.26 2,872.81 3,378.49
EURO 12.22 6.12 860.17 423.42
Trade payables/deposits and retention monies
USD 20.55 22.63 1,128.52 1,168.53
EURO 7.60 11.37 535.15 786.62
Others 35.76 30.64 23.98 34.96
Trade receivables and Bank balances
USD 0.01 0.02 0.78 0.82
Others 0.50 - 0.30 -
Unexecuted amount of contracts remaining to be
executed
USD 96.13 39.37 5,278.73 2,033.53
EURO 65.79 20.75 4,632.92 1,435.51
Others 899.21 34.55 612.84 51.55
The Company has formulated an Exchange Risk Management Policy with effect from 1
st
October 2012. In terms of the requirements of the said
Policy and guidelines of the Reserve Bank of India, the Company is currently negotiating International Swaps and Derivatives Association (ISDA)
agreements with Authorised Dealer banks. No derivative transactions have been undertaken during the year pending nalisation of ISDA agreements
with the banks.
37
th
48. Information in respect of micro and small enterprises as at 31
st
March 2013 as required by Micro, Small and Medium Enterprises
Development Act, 2006
` Crorc
Particulars Amount
e) /moun| rcme|n|n unpe|o |o eny supp||cr:
|r|nc|pe| emoun| 17.55
ln|crcs| ouc |hcrcon O.O2
c) /moun| of |n|crcs| pe|o |n |crms of scc||on 1o of |hc VSV|| /c| e|on-v||h |hc emoun| pe|o |o |hc supp||crs ccyono
|hc eppo|n|co oey.
-
c) /moun| of |n|crcs| ouc eno peyec|c for |hc pcr|oo of oc|ey |n me||n peymcn| ,vh|ch hevc cccn pe|o cu| ccyono
|hc eppo|n|co oey our|n |hc ycer) cu| v||hou| eoo|n |hc |n|crcs| spcc|nco unocr |hc VSV|| /c|. ,*` 73,985/-)
*
o) /moun| of |n|crcs| eccruco eno rcme|n|n unpe|o ,*` 73,985/-) *
c) /moun| of fur|hcr |n|crcs| rcme|n|n ouc eno peyec|c cvcn |n |hc succcco|n ycers, un||| such oe|c vhcn |hc |n|crcs|
oucs es ecovc erc ec|ue||y pe|o |o |hc sme|| cn|crpr|scs, for |hc purposc of o|se||ovenccs es e ocouc||c|c cxpcno||urc
unocr scc||on 23 of VSV|| /c|
-
49. Disclosure as required by Clause 32 of Listing Agreements:
/. |oens eno /ovenccs |n |hc ne|urc of |oens:
1. o Sucs|o|ery Compen|cs
` Crorc
|emc of |hc compeny Ou|s|eno|n ce|encc es e| Vex|mum emoun| ou|s|eno|n
31.03.2013 31.O3.2O12 31.03.2013 31.O3.2O12
|en|| b||cc 0|peoen ||em ||o. 12.57 17.14 17.14 21.71
||C |yoro ||o. 32.27 - 32.27 -
o|e| 44.84 17.14 49.41 21.71
2. o ||rms/compen|cs |n vh|ch o|rcc|ors erc |n|crcs|co : |||
3. \hcrc |hcrc |s no rcpeymcn| schcou|c or rcpeymcn| ccyono scvcn ycer or
no |n|crcs| or |n|crcs| es pcr Scc||on 372/ of |hc Compen|cs /c|, 195o : ` 44.84 crorc
b. lnvcs|mcn| cy |hc |oencc ,es oc|e||co ecovc) |n |hc shercs of ||C : |||
50. Contingent Liabilities:
a) Claims against the company not acknowledged as debts in respect of:
(i) Capital Works
Somc of |hc con|rec|ors for supp|y eno |ns|e||e||on of cqu|pmcn|s eno cxccu||on of vor|s e| our procc|s hevc |ooco c|e|ms on |hc
Compeny for ` 3,966.11 crore ,prcv|ous ycer ` 4,427.27 crorc) scc||n cnhenccmcn| of |hc con|rec| pr|cc, rcv|s|on of vor| schcou|c
v||h pr|cc csce|e||on, compcnse||on for |hc cx|cnoco pcr|oo of vor|, |o|c chercs c|c. hcsc c|e|ms erc cc|n con|cs|co cy |hc
Compeny es cc|n no| eom|ss|c|c |n |crms of |hc prov|s|ons of |hc rcspcc||vc con|rec|s.
hc Compeny |s pursu|n ver|ous op||ons unocr |hc o|spu|c rcso|u||on mcchen|sm eve||ec|c |n |hc con|rec|s for sc|||cmcn| of |hcsc c|e|ms.
l| |s no| prec||cec|c |o me|c e rce||s||c cs||me|c of |hc ou|nov of rcsourccs |f eny, for sc|||cmcn| of such c|e|ms pcno|n rcso|u||on.
(ii) Land compensation cases
ln rcspcc| of |eno ecqu|rco for |hc procc|s, |hc |eno |oscrs hevc c|e|mco h|hcr compcnse||on ccforc ver|ous eu|hor|||cs/cour|s vh|ch
erc yc| |o cc sc|||co. ln such cescs, con||ncn| ||ec||||y of ` 747.54 crore ,prcv|ous ycer ` 1,173.58 crorc) hes cccn cs||me|co.
(iii) Fuel Suppliers
|cno|n rcso|u||on of |hc |ssucs v||h coe| compen|cs es o|sc|osco |n |o|c 33, peymcn|s eno eccoun||n of coe| erc cc|n meoc cesco
on GCv esccr|e|nco e| s|e||on cno. hc o|ffcrcncc cc|vccn |hc emoun| c|||co cy |hc coe| compen|cs eno |hc peymcn| rc|cesco cy |hc
compeny emoun|s |o ` 2,531.10 crore ,prcv|ous ycer ` |||).
|ur|hcr, en emoun| of ` 367.73 crore ,prcv|ous ycer ` 4OO.o3 crorc) |overos surfecc |renspor|e||on chercs, cus|oms ou|y on scrv|cc
mer|n on |mpor|co coe| c|c. hes cccn o|spu|co cy |hc Compeny.
(iv) Others
ln rcspcc| of c|e|ms meoc cy ver|ous S|e|c/Ccn|re| Govcrnmcn| ocper|mcn|s//u|hor|||cs |overos cu||o|n pcrm|ss|on fcc, pcne||y on
o|vcrs|on of er|cu||ure| |eno |o non-er|cu||ure| usc, ne|e |ex, ve|cr roye||y c|c. eno cy o|hcrs, con||ncn| ||ec||||y of ` 862.81 crore
,prcv|ous ycer ` 877.47 crorc) hes cccn cs||me|co.
(v) Possible Reimbursement
hc con||ncn| ||ec|||||cs rcfcrrco |o |n ,|) ecovc, |nc|uoc en emoun| of ` 961.24 crore ,prcv|ous ycer ` 1,7o9.7O crorc) rc|e||n |o |hc
hyoro povcr procc| s|e|co |n |o|c 21 c) - O|hcr currcn| essc|s, for vh|ch Compeny cnv|secs poss|c|c rc|mcurscmcn| from GOl |n
fu||. ln rcspcc| of ce|encc c|e|ms |nc|uoco |n ,|) eno |n rcspcc| of |hc c|e|ms mcn||onco e| ,||) ecovc, peymcn|s, |f eny, cy |hc compeny
on sc|||cmcn| of |hc c|e|ms vou|o cc c|||c|c for |nc|us|on |n |hc cep||e| cos| for |hc purposc of oc|crm|ne||on of |er|ff es pcr C||C
|cu|e||ons succc| |o pruocncc chcc| cy |hc C||C. ln cesc of ,|||), |hc cs||me|co poss|c|c rc|mcurscmcn| |s cy vey of rccovcry |hrouh
|er|ff es pcr |cu|e||ons, 2OO9 |s ` 2,792.06 crore ,prcv|ous ycer ` 283.45 crorc).
37
th
b) Disputed Income Tax/Sales Tax/Excise Matters
||spu|co lncomc ex/Se|cs ex/|xc|sc me||crs pcno|n ccforc ver|ous /ppc||e|c /u|hor|||cs emoun| |o ` 1,547.61 crore ,prcv|ous ycer `
3,O38.o3 crorc). Veny of |hcsc me||crs vcrc o|sposco off |n fevour of |hc Compeny cu| erc o|spu|co ccforc h|hcr eu|hor|||cs cy |hc
conccrnco ocper|mcn|s. ln such cescs, |hc compeny cs||me|c poss|c|c rc|mcurscmcn| of ` 365.19 crore ,prcv|ous ycer ` 2,111.54 crorc).
c) Others
O|hcr con||ncn| ||ec|||||cs emoun| |o ` 252.20 crore ,prcv|ous ycer ` 31o.93 crorc).
Somc of |hc ccncnc|er|cs hevc n|co eppce|s ee|ns| |hc |er|ff orocrs of |hc C||C. hc emoun| of con||ncn| ||ec||||y |n |h|s rcero |s no|
esccr|e|nec|c.
51. Capital and other commitments
e) |s||me|co emoun| of con|rec|s rcme|n|n |o cc cxccu|co on cep||e| eccoun| eno no| prov|oco for es e| 31
s|
Verch 2O13 |s ` 48,905.56 crore
,prcv|ous ycer ` 29,5o3.89 crorc).
c) ln rcspcc| of |nvcs|mcn|s of ` 3,850.15 crore ,prcv|ous ycer ` 2,895.97 crorc) |n |hc o|n| vcn|urc cn||||cs, |hc Compeny hes rcs|r|c||ons for
|hc|r o|spose| ren|n from |vo ycers |o nf|ccn ycers from |hc oe|c of |ncorpore||on/e||o||mcn| of shercs/commcrc|e| opcre||on of |hc procc|s
es |hc cesc mey cc.
c) ln rcspcc| of |nvcs|mcn|s of ` 892.26 crore ,prcv|ous ycer ` 8oo.o1 crorc) |n |hc sucs|o|ery Compen|cs, |hc Compeny hes rcs|r|c||ons for
|hc|r o|spose| for nvc ycers from |hc oe|c of commcrc|e| opcre||on of |hc rcspcc||vc procc|.
o) /s e| 31
s|
Verch 2O13, |hc Compeny hes comm||mcn|s of ` 4,041.86 crore ,prcv|ous ycer ` 3,23o.9o crorc) |overos fur|hcr |nvcs|mcn| |n
|hc o|n| vcn|urc cn||||cs.
c) /s e| 31
s|
Verch 2O13, |hc Compeny hes comm||mcn|s of ` 1,393.67 crore ,prcv|ous ycer ` 1,419.32 crorc) |overos fur|hcr |nvcs|mcn| |n
|hc sucs|o|ery compen|cs.
f) Compeny's comm||mcn| |overos |hc m|n|mum vor| proremmc |n rcspcc| of o|| cxp|ore||on ec||v||y of Cemcey b|oc| ,1OO% ovnco cy |hc
compeny) |s ` 183.45 crore (USD 33.73 million) ,prcv|ous ycer ` 182.84 crorc, 0S| 35.41 m||||on).
) Compeny's com|||mcn| |overos |hc m|n|mum vor| proremmc |n rcspcc| o|| cxp|ore||on ec||v|||cs of o|n| vcn|urc opcre||ons hes cccn
o|sc|osco |n |o|c - 45.
h) Compeny's comm||mcn| |n rcspcc| of fur|hcr comm||mcn|s rc|e||n |o |cesc erccmcn|s hes cccn o|sc|osco |n |o|c - 42.
52. Other disclosures as per Schedule VI of the Companies Act, 1956
` crorc
Particulars Current year |rcv|ous ycer
e) ve|uc of |mpor|s ce|cu|e|co on Cl| ces|s:
Cep||e| ooos 1,009.05 88O.34
Sperc per|s 124.44 19O.O9
c) |xpcno||urc |n forc|n currcncy:
|rofcss|one| eno consu||ency fcc 4.16 7.O7
ln|crcs| 625.38 39O.O3
O|hcrs 5.52 14.44
c) ve|uc of componcn|s, s|orcs eno sperc per|s consumco
,|nc|uo|n fuc|):
Current year |rcv|ous ycer
%age Amount %ec /moun|
lmpor|co 10.86 4,570.55 18.o9 7,942.77
lno|cnous 89.14 37,500.66 81.31 34,572.43
Current year |rcv|ous ycer
o) |ern|ns |n forc|n cxchenc:
|rofcss|one| & consu||ency fccs 2.15 2.48
O|hcrs 0.10 O.28
,/. |. |es|o|) ,/. |. S|nhe|) ,/rup |oy Chouohury)
hcsc erc |hc no|cs rcfcrrco |o |n be|encc Shcc| eno S|e|cmcn| of |ron| eno |oss
V |o.O87537 V |o.O94227 V |o.O25973
V |o. O24282 V |o. O937o9 V |o. O1754o
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O13
37
th
Independent Auditors Report
To
The Members of NTPC Limited
Report on the nancial statements
\c hevc euo||co |hc eccompeny|n nnenc|e| s|e|cmcn|s of ||C ||m||co ,|hc Compeny'), vh|ch compr|sc |hc be|encc Shcc| es e| 31
s|
Verch 2O13,
eno |hc S|e|cmcn| of |ron| eno |oss eno Cesh ||ov S|e|cmcn| for |hc ycer |hcn cnoco, eno e summery of s|n|ncen| eccoun||n po||c|cs eno o|hcr
cxp|ene|ory |nforme||on.
Managements responsibility for the nancial statements
Venecmcn| |s rcspons|c|c for |hc prcpere||on of |hcsc nnenc|e| s|e|cmcn|s |he| |vc e |ruc eno fe|r v|cv of |hc nnenc|e| pos|||on, nnenc|e| pcrformencc
eno cesh novs of |hc Compeny |n eccoroencc v||h |hc /ccoun||n S|enoeros rcfcrrco |o |n suc-scc||on ,3C) of Scc||on 211 of |hc Compen|cs
/c|, 195o ,|hc /c|'). h|s rcspons|c||||y |nc|uocs |hc ocs|n, |mp|cmcn|e||on eno me|n|cnencc of |n|crne| con|ro| rc|cven| |o |hc prcpere||on eno
prcscn|e||on of |hc nnenc|e| s|e|cmcn|s |he| |vc e |ruc eno fe|r v|cv eno erc frcc from me|cr|e| m|ss|e|cmcn|, vhc|hcr ouc |o freuo or crror.
Auditors responsibility
Our rcspons|c||||y |s |o cxprcss en op|n|on on |hcsc nnenc|e| s|e|cmcn|s cesco on our euo||. \c conouc|co our euo|| |n eccoroencc v||h |hc S|enoeros
on /uo|||n |ssuco cy |hc lns|||u|c of Cher|crco /ccoun|en|s of lno|e. hosc s|enoeros rcqu|rc |he| vc comp|y v||h c|h|ce| rcqu|rcmcn|s eno p|en eno
pcrform |hc euo|| |o oc|e|n rcesonec|c essurencc ecou| vhc|hcr |hc nnenc|e| s|e|cmcn|s erc frcc from me|cr|e| m|ss|e|cmcn|.
/n euo|| |nvo|vcs pcrform|n proccourcs |o oc|e|n euo|| cv|ocncc ecou| |hc emoun|s eno o|sc|osurcs |n |hc nnenc|e| s|e|cmcn|s. hc proccourcs
sc|cc|co ocpcno on |hc euo||ors' uomcn|, |nc|uo|n |hc esscssmcn| of |hc r|s|s of me|cr|e| m|ss|e|cmcn| of |hc nnenc|e| s|e|cmcn|s, vhc|hcr ouc |o
freuo or crror. ln me||n |hosc r|s| esscssmcn|s, |hc euo||ors cons|ocr |n|crne| con|ro| rc|cven| |o |hc Compeny's prcpere||on eno fe|r prcscn|e||on of |hc
nnenc|e| s|e|cmcn|s |n orocr |o ocs|n euo|| proccourcs |he| erc eppropr|e|c |n |hc c|rcums|enccs. /n euo|| e|so |nc|uocs cve|ue||n |hc eppropr|e|cncss
of eccoun||n po||c|cs usco eno |hc rcesonec|cncss of |hc eccoun||n cs||me|cs meoc cy menecmcn|, es vc|| es cve|ue||n |hc ovcre|| prcscn|e||on
of |hc nnenc|e| s|e|cmcn|s.
\c cc||cvc |he| |hc euo|| cv|ocncc vc hevc oc|e|nco |s sufnc|cn| eno eppropr|e|c |o prov|oc e ces|s for our euo|| op|n|on.
Opinion
ln our op|n|on eno |o |hc ccs| of our |nforme||on eno eccoro|n |o |hc cxp|ene||ons |vcn |o us, |hc nnenc|e| s|e|cmcn|s |vc |hc |nforme||on rcqu|rco
cy |hc /c| |n |hc menncr so rcqu|rco eno |vc e |ruc eno fe|r v|cv |n conform||y v||h |hc eccoun||n pr|nc|p|cs cncre||y ecccp|co |n lno|e:
,e) ln |hc cesc of |hc be|encc Shcc|, of |hc s|e|c of effe|rs of |hc Compeny es e| 31
s|
Verch, 2O13,
,c) ln |hc cesc of |hc S|e|cmcn| of |ron| eno |oss, of |hc pron| for |hc ycer cnoco on |he| oe|c, eno
,c) ln |hc cesc of |hc Cesh ||ov S|e|cmcn|, of |hc cesh novs for |hc ycer cnoco on |he| oe|c.
Emphasis of Matter
\||hou| que||fy|n our rcpor|, vc orev e||cn||on |o |o|c |o. 33 |o |hc nnenc|e| s|e|cmcn| |n rcspcc| of eccoun||n of fuc| on GCv cesco pr|c|n sys|cm.
Report on Other Legal and Regulatory Requirements
1. /s rcqu|rco cy |hc Compen|cs ,/uo||or's |cpor|) Orocr, 2OO3 es emcnoco cy |hc Compen|cs ,/uo||ors' |cpor|) ,/mcnomcn|) Orocr 2OO4, ,|hc
Orocr') |ssuco cy |hc Ccn|re| Govcrnmcn| of lno|e |n |crms of suc-scc||on ,4/) of scc||on 227 of |hc /c|, vc |vc |n |hc /nncxurc e s|e|cmcn| on
|hc me||crs spcc|nco |n pererephs 4 eno 5 of |hc Orocr.
2. /s rcqu|rco cy Scc||on 227,3) of |hc /c|, vc rcpor| |he|:
,e) \c hevc oc|e|nco e|| |hc |nforme||on eno cxp|ene||ons vh|ch |o |hc ccs| of our |nov|coc eno cc||cf vcrc ncccssery for |hc purposc of
our euo||,
,c) ln our op|n|on propcr coo|s of eccoun| es rcqu|rco cy |ev hevc cccn |cp| cy |hc Compeny so fer es eppcers from our cxem|ne||on of |hosc coo|s,
,c) hc be|encc Shcc|, S|e|cmcn| of |ron| eno |oss eno Cesh ||ov S|e|cmcn| oce|| v||h cy |h|s rcpor| erc |n erccmcn| v||h |hc coo|s of eccoun|,
,o) ln our op|n|on, |hc be|encc Shcc|, S|e|cmcn| of |ron| eno |oss, eno Cesh ||ov S|e|cmcn| comp|y v||h |hc /ccoun||n S|enoeros rcfcrrco
|o |n suc-scc||on ,3C) of Scc||on 211 of |hc Compen|cs /c|, 195o,
,c) bc|n e Govcrnmcn| Compeny, pursuen| |o |hc |o||nce||on |o. GS| 829,|) oe|co 21
s|
Oc|occr 2OO3 |ssuco cy Govcrnmcn| of lno|e,
prov|s|ons of c|eusc ,) of suc-scc||on ,1) of Scc||on 274 of |hc Compen|cs /c|, 195o, erc no| epp||cec|c |o |hc Compeny.
V |o.O87537 V |o.O94227 V |o.O25973
V |o. O24282 V |o. O937o9 V |o. O1754o
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O13
37
th
ANNEXURE TO THE AUDITORS REPORT
Annexure referred to in our report of even date to the members of NTPC LIMITED on the accounts for the year ended 31
st
March 2013.
,|) ,e) hc Compeny hes cncre||y me|n|e|nco propcr rccoros shov|n fu|| per||cu|ers |nc|uo|n quen|||e||vc oc|e||s eno s||ue||on of nxco essc|s
,c) /|| |hc essc|s hevc no| cccn phys|ce||y vcr|nco cy |hc menecmcn| our|n |hc ycer cu| |hcrc |s e rcu|er proremmc of vcr|nce||on |o covcr
e|| essc|s ovcr |vo ycers vh|ch, |n our op|n|on, |s rcesonec|c hev|n rcero |o |hc s|zc of |hc Compeny eno |hc ne|urc of ||s essc|s. |o
me|cr|e| o|scrcpenc|cs vcrc no||cco on such vcr|nce||on.
,c) Sucs|en||e| per| of |hc nxco essc|s hes no| cccn o|sposco off our|n |hc ycer.
,||) ,e) hc |nvcn|ory hes cccn phys|ce||y vcr|nco cy |hc menecmcn| e| rcesonec|c |n|crve|s.
,c) hc proccourcs of phys|ce| vcr|nce||on of |nvcn|ory fo||ovco cy |hc menecmcn| erc rcesonec|c eno eocque|c |n rc|e||on |o |hc s|zc of |hc
Compeny eno |hc ne|urc of ||s cus|ncss.
,c) hc Compeny |s me|n|e|n|n propcr rccoros of |nvcn|ory. |o me|cr|e| o|scrcpenc|cs vcrc no||cco on phys|ce| vcr|nce||on.
,|||) ,e) hc Compeny hes no| ren|co eny |oens sccurco or unsccurco |o eny compen|cs, nrms or o|hcr per||cs covcrco |n rc|s|cr me|n|e|nco unocr
Scc||on 3O1 of |hc Compen|cs /c|, 195o.
ln v|cv of |hc ecovc, |hc c|euscs 4,|||),c), 4,|||),c) eno 4,|||),o) of |hc Orocr erc no| epp||cec|c.
,c) hc Compeny hes no| |e|cn eny |oens, sccurco or unsccurco from compen|cs, nrms or o|hcr per||cs covcrco |n rc|s|cr me|n|e|nco unocr
Scc||on 3O1 of |hc Compen|cs /c|, 195o.
ln v|cv of |hc ecovc, |hc c|euscs 4,|||) ,f) eno 4,|||) ,) of |hc Orocr erc no| epp||cec|c.
,|v) ln our op|n|on eno eccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hcrc |s eocque|c |n|crne| con|ro| sys|cm commcnsure|c v||h |hc
s|zc of |hc Compeny eno |hc ne|urc of ||s cus|ncss for purchesc of |nvcn|ory eno nxco essc|s eno for se|c of c|cc|r|c||y, ooos eno scrv|ccs. |ur|n
|hc coursc of our euo||, vc hevc no| ocscrvco eny con||nu|n fe||urc |o corrcc| meor vce|ncsscs |n |n|crne| con|ro| sys|cms.
,v) ,e) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, our|n |hc ycer unocr euo|| |hcrc hevc cccn no con|rec|s or errencmcn|s vh|ch
ncco |o cc cn|crco |n |hc rc|s|cr me|n|e|nco unocr scc||on 3O1 of |hc Compen|cs /c|, 195o.
ln v|cv of |hc ecovc, |hc c|eusc 4,v),c) of |hc Orocr |s no| epp||cec|c.
,v|) ln our op|n|on eno eccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes comp||co v||h |hc o|rcc||vcs |ssuco cy |hc
|cscrvc ben| of lno|e, |hc prov|s|ons of Scc||ons 58/ eno 58// or eny o|hcr rc|cven| prov|s|ons of |hc Compen|cs /c|, 195o eno |hc Compen|cs
,/cccp|encc of |cpos||s) |u|cs, 1975 v||h rcero |o |hc ocpos||s ecccp|co from |hc puc||c. |o orocr hes cccn pessco v||h rcspcc| |o Scc||on
58/ eno 58//, cy |hc Compeny |ev boero or |e||one| Compeny |ev r|cune| or |cscrvc ben| of lno|e or eny Cour| or eny o|hcr |r|cune|.
,v||) ln our op|n|on, |hc Compeny hes en |n|crne| euo|| sys|cm commcnsure|c v||h ||s s|zc eno ne|urc of cus|ncss.
,v|||) \c hevc croeo|y rcv|cvco |hc eccoun|s eno rccoros me|n|e|nco cy |hc Compeny pursuen| |o |hc |u|cs meoc cy |hc Ccn|re| Govcrnmcn| for |hc
me|n|cnencc of cos| rccoros unocr scc||on 2O9 ,1) ,o) of |hc Compen|cs /c|, 195o eno vc erc of |hc op|n|on |he| pr|me fec|c |hc prcscr|cco
eccoun|s eno rccoros hevc cccn meoc eno me|n|e|nco. \c hevc no|, hovcvcr, meoc oc|e||co cxem|ne||on of |hc rccoros v||h e v|cv |o
oc|crm|nc vhc|hcr |hcy erc eccure|c eno comp|c|c.
,|x) ,e) 0no|spu|co s|e|u|ory oucs |nc|uo|n prov|ocn| funo, |nvcs|or couce||on eno pro|cc||on funo, |ncomc |ex, se|cs-|ex, vce||h |ex, scrv|cc |ex,
cus|om ou|y, cxc|sc ou|y, ccss eno o|hcr s|e|u|ory oucs hevc cncre||y cccn rcu|er|y ocpos||co v||h |hc eppropr|e|c eu|hor|||cs eno |hcrc
erc no uno|spu|co oucs ou|s|eno|n es on 31
s|
Verch 2O13 for e pcr|oo of morc |hen s|x mon|hs from |hc oe|c |hcy cccemc peyec|c.
,c) hc o|spu|co s|e|u|ory oucs erce||n |o ` 134.43 crorc |he| hevc no| cccn ocpos||co on eccoun| of me||crs pcno|n ccforc eppropr|e|c
eu|hor|||cs erc oc|e||co cc|ov:
S|.|o. |emc of S|e|u|c |e|urc of oucs |orum vhcrc |hc o|spu|c |s pcno|n ` Crorc
1 Ccn|re| Se|cs ex eno Se|cs ex/v/ /c|s of
ver|ous S|e|cs
Se|cs ex/v/ /oo|||one| Comm|ss|oncr of Se|cs excs 21.Oo
Comm|ss|oncr of Se|cs ex 21.32
|y. comm|ss|oncr of Se|cs/ Commcrc|e| excs O.2O
||h Cour| 8O.5O
Se|cs ex r|cune| 3.88
!o|n| Comm|ss|oncr ,/ppce|) reoc |ex 1.13
2. Ccn|re| |xc|sc /c|, 1944 Ccn|re| |xc|sc |u|y/
Scrv|cc |ex
C|S/ 1.89
3. lncomc ex /c|, 19o1 lncomc ex Comm|ss|oncr of lncomc ex
lncomc ex /ppc||e|c r|cune|/Cl
1.28
O.O8
/||eheceo ||h Cour| 2.55
/ss|. Comm|ss|oncr
lncomc ex Ofnccr
O.O3
O.51
Total 134.43
,x) hc Compeny hes no eccumu|e|co |osscs eno hes no| |ncurrco cesh |osscs our|n |hc nnenc|e| ycer covcrco cy our euo|| eno |hc |mmco|e|c|y
prccco|n nnenc|e| ycer.
,x|) ln our op|n|on eno eccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes no| ocfeu||co |n rcpeymcn| of oucs |o nnenc|e|
|ns|||u||ons, cen|s or occcn|urc ho|ocrs.
,x||) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, Compeny hes no| ren|co |oens eno eovenccs on |hc ces|s of sccur||y cy vey of
p|coc of shercs, occcn|urcs eno o|hcr sccur|||cs.
37
th
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 619(4) OF THE COMPANIES ACT, 1956 ON THE
ACCOUNTS OF NTPC LIMITED, NEW DELHI, FOR THE YEAR ENDED 31 MARCH 2013
hc prcpere||on of nnenc|e| s|e|cmcn|s of ||C ||m||co, |cv |c|h| for |hc ycer cnoco 31
s|
Verch 2O13 |n eccoroencc v||h |hc nnenc|e| rcpor||n
fremcvor| prcscr|cco unocr |hc Compen|cs /c|, 195o |s |hc rcspons|c||||y of |hc menecmcn| of |hc compeny. hc s|e|u|ory euo||ors eppo|n|co cy
|hc Comp|ro||cr eno /uo||or Gcncre| of lno|e unocr Scc||on o19,2) of |hc Compen|cs /c|, 195o erc rcspons|c|c for cxprcss|n op|n|on on |hcsc
nnenc|e| s|e|cmcn|s unocr Scc||on 227 of |hc Compen|cs /c|, 195o cesco on |nocpcnocn| euo|| |n eccoroencc v||h s|enoeros on euo|||n
prcscr|cco cy |hc|r profcss|one| cooy, |hc lns|||u|c of Cher|crco /ccoun|en|s of lno|e. h|s |s s|e|co |o hevc cccn oonc cy |hcm v|oc |hc|r /uo||
|cpor| oe|co 1O Vey 2O13.
l, on cche|f of |hc Comp|ro||cr eno /uo||or Gcncre| of lno|e, hevc conouc|co e supp|cmcn|ery euo|| unocr Scc||on o19,3) ,c) of |hc Compen|cs /c|,
195o of |hc nnenc|e| s|e|cmcn|s of ||C ||m||co, |cv |c|h|, for |hc ycer cnoco 31 Verch 2O13. h|s supp|cmcn|ery euo|| hes cccn cerr|co ou|
|nocpcnocn||y v||hou| ecccss |o |hc vor||n pepcrs of |hc s|e|u|ory euo||ors eno |s ||m||co pr|mer||y |o |nqu|r|cs of |hc s|e|u|ory euo||ors eno
compeny pcrsonnc| eno e sc|cc||vc cxem|ne||on of somc of |hc eccoun||n rccoros. On |hc ces|s of my euo|| no|h|n s|n|ncen| hes comc |o my
|nov|coc vh|ch vou|o |vc r|sc |o eny commcn| upon or supp|cmcn| |o S|e|u|ory /uo||ors' rcpor| unocr Scc||on o19,4) of |hc Compen|cs
/c|, 195o.
|or eno on |hc cche|f of |hc
Comp|ro||cr & /uo||or Gcncre| of lno|e
So/-
,br| Vohen)
|r|nc|pe| ||rcc|or of Commcrc|e| /uo|| &
||ecc : |cv |c|h| |x-ofnc|o Vcmccr /uo|| boero - lll,
|e|co : 31 Vey 2O13 |cv |c|h|
,x|||) hc Compeny |s no| e ch|| funo or e n|oh|/mu|ue| ccncn| funo/soc|c|y. hcrcforc, |hc prov|s|ons of c|eusc 4,x|||) of |hc Orocr erc no| epp||cec|c
|o |hc Compeny.
,x|v) hc Compeny |s no| oce||n |n or |reo|n |n shercs, sccur|||cs, occcn|urcs eno o|hcr |nvcs|mcn|s. /ccoro|n|y, |hc prov|s|ons of c|eusc 4,x|v) of
|hc Orocr erc no| epp||cec|c |o |hc Compeny.
,xv) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes no| |vcn eny ueren|ccs for |oens |e|cn cy o|hcrs from cen|s or
nnenc|e| |ns|||u||ons.
,xv|) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc |crm |oens hevc cccn epp||co for |hc purposc for vh|ch |hcy vcrc oc|e|nco.
,xv||) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us eno on en ovcre|| cxem|ne||on of |hc ce|encc shcc| of |hc Compeny, vc rcpor| |he| no
funos re|sco on shor|-|crm ces|s hevc cccn usco for |on-|crm |nvcs|mcn|s.
,xv|||) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes no| meoc eny prcfcrcn||e| e||o|mcn| of shercs our|n |hc ycer.
,x|x) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes crce|co sccur||y or cherc |n rcspcc| of |hc bonos |ssuco cy |hc
Compeny our|n |hc ycer, cxccp| |hosc o|sc|osco |n |o|c 5 of |hc nnenc|e| s|e|cmcn|s.
,xx) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes no| re|sco eny moncy cy puc||c |ssuc our|n |hc ycer.
,xx|) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us eno es rcprcscn|co cy |hc Venecmcn| eno cesco on our cxem|ne||on of |hc coo|s
eno rccoros of |hc compeny eno |n eccoroencc v||h cncre||y ecccp|co euo|||n prec||ccs |n lno|e, vc hevc cccn |nformco |he| 2 cescs of
freuos |nvo|v|n en erce|c emoun| of Ò.O1 crorc |overos freuou|cn| c|e|m/non ocpos|| of rcn| cy |hc Con|rec|or hevc cccn comm|||co on |hc
Compeny our|n |hc ycer. hc Compeny hes |e|cn eppropr|e|c ec||on ee|ns| |hc cmp|oycc/con|rec|or eno |hc me||crs erc unocr |nvcs||e||on.
V |o.O87537 V |o.O94227 V |o.O25973
V |o. O24282 V |o. O937o9 V |o. O1754o
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O13
37
th
Revenue Expenditure on Social Overheads for the year ended 31
st
March 2013
` Crorc
S.|o |er||cu|ers ovnsh|p |ouce||one|
& Schoo|
|ec|||||cs
Vco|ce|
|ec|||||cs
Sucs|o|sco
renspor|
Soc|e| eno
Cu||ure|
/c||v|||cs
Sucs|o|sco
Cen|ccn
Total |rcv|ous
/cer
1 |eymcn| |o |mp|oyccs 51.91 - 143.4o - - O.12 195.49 1o7.55
2 Ve|cr|e|s Consumco 1O.59 O.O1 12.42 - - - 23.02 17.78
3 |e|cs & excs 3.25 - - - - - 3.25 3.39
4 \c|ferc |xpcnscs 2.oo 8.o9 111.92 4.94 o.84 31.49 166.54 1o8.37
5 O|hcrs |nc|. |cpe|rs &
Ve|n|cnencc 1O2.5o 1.17 1O.O3 3.25 O.49 1.48 118.98 98.82
o |cprcc|e||on 4o.83 2.14 1.73 - O.5o O.17 51.43 47.5O
7 Suc o|e| , 1 |o o) 217.8O 12.O1 279.5o 8.19 7.89 33.2o 558.71 5O3.41
8 |css: |ccovcr|cs 29.5o O.O2 5.8o O.o4 O.38 O.23 36.69 31.14
9 Net Expenditure (7-8) 188.24 11.99 273.70 7.55 7.51 33.03 522.02 472.27
1O |rcv|ous /cer 1o2.92 2o.12 23o.19 5.84 11.o2 29.58 472.27
EMPLOYEE COST SUMMARY
` Crorc
|cscr|p||on 2OO3-O4 2OO4-O5 2OO5-Oo 2OOo-O7 2OO7-O8 2OO8-O9 2OO9-1O 2O1O-11 2O11-12 2012-13
/. Se|er|cs, vecs & ccncn|s 818.OO 824.8O 95o.8O 1,17O.3O 1,9O9.3O 2,58O.7O 2,ooo.oO 3,1O1.83 3,4o1.58 3,774.64
,|nc|. |rov|ocn| |uno eno o|hcr
con|r|cu||ons)
b. O|hcr bcncn|s
1. \c|ferc cxpcnscs 143.OO 172.3O 18O.7O 197.5O 32O.OO 31o.9O 28O.2O 293.44 295.1O 355.00
2. ovnsh|p 57.5O o2.9O 5o.7O o1.OO o5.oO 74.5O 5o.2O 111.o4 12O.O8 136.33
3. |ouce||one| & Schoo| fec|||||cs 15.8O 1o.OO 1o.OO 18.3O 22.1O 2o.9O 14.1O 24.45 23.95 11.99
4. Vco|ce| |ec|||||cs 42.7O 42.4O 44.4O 57.1O o5.OO o5.7O oo.1O 12O.34 11o.3O 130.24
5. Sucs|o|sco renspor| 4.5O 4.7O 4.oO 3.oO 4.8O 4.9O 2.4O 5.O4 5.31 7.55
o. Soc|e| & Cu||ure| ec||v|||cs 1O.9O 1O.8O 1O.OO 1O.2O 12.OO 11.5O 13.2O 14.84 11.o2 7.51
7. Sucs|o|sco Cen|ccn 15.9O 1o.OO 17.4O 22.3O 2o.2O 18.5O 18.5O 22.23 27.4o 32.91
o|e| ,b) 29O.3O 325.1O 329.8O 37O.OO 515.7O 518.9O 45O.7O 591.98 599.82 681.53
Total (A+B) 1,108.30 1,149.90 1,286.60 1,540.30 2,425.00 3,099.60 3,117.30 3,693.81 4,061.40 4,456.17
8. /cer cno |o. of |mp|oyccs 2O,971 21,42O 21,87O 23,oO2 23,o77 23,39O 23,743 23,797 24,O11 23,865
9. /vcrec |o.of |mp|oyccs 21,19O 21,19o 21,o45 22,73o 23,o4O 23,534 23,5o7 23,77O 23,9O4 23,938
1O. /vcrec Se|ery, vecs eno
ccncn|s pcr cmp|oycc ,`) 38o,O4O 389,139 442,O42 514,734 8O7,o57 1,O9o,584 1,131,497 1,3O4,935 1,448,117 1,576,840
11. /vcrec Cos| of O|hcr bcncn|s
pcr cmp|oycc pcr ennum ,`) 137,OO2 153,382 152,3o8 1o2,738 218,147 22O,49O 191,242 249,O45 25O,929 284,706
12. /vcrec cos| of cmp|oyccs
rcmuncre||on & ccncn|s
pcr ennum ,`) 523,O42 542,521 594,41O o77,472 1,O25,8O4 1,317,O74 1,322,739 1,553,98O 1,o99,O4o 1,861,546
37
th
NTPC ELECTRIC SUPPLY COMPANY LIMITED
,/ vho||y ovnco sucs|o|ery of ||C ||m||co)
DIRECTORS REPORT
o
|cer Vcmccrs,
/our ||rcc|ors hevc p|cesurc |n prcscn||n |hc ||cvcn|h /nnue| |cpor| on |hc vor||n
of |hc Compeny for |hc nnenc|e| ycer cnoco on 31
s|
Verch 2O13 |oc|hcr v||h /uo||co
S|e|cmcn| of /ccoun|s, /uo||ors' |cpor| eno |cv|cv cy |hc Comp|ro||cr & /uo||or
Gcncre| of lno|e for |hc rcpor||n pcr|oo.
FINANCIAL RESULTS ,` Crorc)
2012-13 2O11-12
Total Revenue 28.92 55.66
o|e| |xpcnscs 53.58 44.54
Prot/(Loss) before Tax (24.66) 11.12
ex cxpcnscs ,O.O7) 3.4o
Prot/(Loss) after Tax (24.59) 7.66
|cvcnuc for |hc currcn| ycer ves |ovcr |hen |es| ycer me|n|y ouc |o |hc |es| 1O% emoun|
for |hc comp|c|co |e|v Genoh| Gremccn v|oyu|||eren /oene procc|s, no| cc|n
rc|cesco cy |ure| ||cc|r|nce||on Corpore||on ||m||co, es french|sccs erc yc| |o cc pu|
|n p|ecc cy s|e|c ovcrnmcn|/||scoms eno rcouc||on |n nne| cxccu|co cos| of somc
procc|s es comperco |o everoco/emcnoco cos|, effcc||n |o|e| scrv|cc chercs |he| cen
cc rce||zco cy |hc Compeny. houh menpovcr ves re||one||zco our|n |hc nnenc|e|
ycer unocr rcv|cv, cmp|oycc cos| hes rc|s|crco e nc| |ncrcesc ouc |o e||oce||on of
eoo|||one| emoun| of `14.87 Crorc cy ||C ||m||co rc|e||n |o cmp|oycc ccncn|s on
rcv|s|on of |hc mc|hoo of e||oce||on of such cxpcnscs |o sucs|o|ery eno !v compen|cs.
DIVIDEND
|ur|n |hc nnenc|e| ycer 2O12-13, ||rcc|ors hevc no| rccommcnoco eny o|v|ocno.
OPERATIONAL REVIEW
/our Compeny |s cneco |n |hc c|cc|r|c||y o|s|r|cu||on scc|or |n ver|ous cepec|||cs.
/our Compeny's o|s|r|cu||on !o|n| vcn|urc Compeny, |l||SCO |ovcr eno 0||||||cs
|r|ve|c ||m||co, cneco |n rc|e|| o|s|r|cu||on of c|cc|r|c||y |n en |nous|r|e| erce of |och|,
|cre|e, rccoroco se|cs of `3O.31 crorc our|n |hc nnenc|e| ycer 2O12-13. |l||SCO
hes |ncurrco e |oss of `3.33 crorc our|n |hc nnenc|e| ycer 2O12-13. hc |oss |s me|n|y
ouc |o peymcn| of en emoun| of `3.38 crorc |o |cre|e S|e|c ||cc|r|c||y boero |overos
eccumu|e|co errcers on eccoun| of rcv|s|on of |hc cu|| supp|y |er|ff for |hc pcr|oo
O1.O1.2O11 |o 3O.Oo.2O12 cesco on |hc o|rcc||ons of |hc |on'c|c |cre|e S|e|c ||cc|r|c||y
|cu|e|ory Comm|ss|on.
|ur|n |hc nnenc|e| ycer unocr rcv|cv, your Compeny hes unocr|e|cn rure| c|cc|r|nce||on
procc|s on ocpos|| vor| ces|s unocr |hc |e|v Genoh| Gremccn v|oyu|||eren /oene |n
|hc s|e|cs of \cs| bcne|, !her|heno, Chhe|||serh, Oo|she eno Veohye |reocsh. |ur|n
|h|s pcr|oo, 2842 v|||ecs vcrc c|cc|r|nco eno 252O4 nos. bc|ov |ovcr|y ||nc ,b||)
conncc||ons vcrc prov|oco. Cumu|e||vc ech|cvcmcn| |||| 31
s|
Verch 2O13 |s 32,398
v|||ecs eno 2o.O8 |e|h b|| conncc||ons.
/our Compeny hes e|so unocr|e|cn |urn|cy cxccu||on oc on ocpos|| vor| ces|s for
sc|||n up c|cc|r|ce| o|s|r|cu||on nc|vor| v||h|n 5 |ms of c|h| ||C procc|s/s|e||ons.
/our Compeny hes unocr|e|cn |hc |rocc| Venecmcn| Consu||ency Scrv|ccs for
sc|||n up 22O |v sucs|e||on, sv||chyero & conncc|co fec|||||cs rc|e|co |o C|V| - ll for
b|C|-|och| |cnncry ||m||co, |och|. hc procc| hes s|ncc cccn comm|ss|onco on
1O
|h
Vey 2O12.
/our Compeny |s ocvc|op|n e comprchcns|vc Corpore|c ||en for mepp|n ou| cus|ncss
oppor|un|||cs |n shor|, mco|um eno |on |crm pcr|oo eno for ou|||n|n en opcre||n
mooc| |o e|ven|zc your Compeny |n|o e vc||-o|rcc|co ec||on pe|h.
/ oc|e||co o|scuss|on on opcre||ons eno pcrformencc for |hc ycer |s |vcn |n
Venecmcn| ||scuss|on eno /ne|ys|s', /nncxurc - l |nc|uoco es e scpere|c scc||on
|o |h|s rcpor|.
FIXED DEPOSITS
hc Compeny hes no| ecccp|co eny nxco ocpos|| our|n |hc nnenc|e| ycer cno|n
31
s|
Verch 2O13.
AUDITORS REPORT AND MANAGEMENT COMMENTS THEREON
hc Comp|ro||cr & /uo||or Gcncre| of lno|e ,C&/G) hes eppo|n|co V/s bhuo|eo|e &
Compeny, Cher|crco /ccoun|en|s es |hc S|e|u|ory /uo||or of |hc Compeny for |hc
ln |hc|r rcpor|, |hc S|e|u|ory /uo||ors of |hc Compeny hevc orevn e||cn||on of |hc
mcmccrs |o |vo |ssucs. hc nrs| such |ssuc pcr|e|ns |o |hc /ccoun||n |o||cy |o.5.1.1
of |hc compeny cy vh|ch |hc Compeny rccon|zcs rcvcnuc from procc| menecmcn|
scrv|ccs for scrv|cc chercs e|onc eno no| on ross ces|s |.c. for |hc cn||rc ve|uc of
con|rec|s |nc|uo|n scrv|cc chercs. ln |hc|r rcpor|, |hc /uo||ors hevc mcn||onco |he|
such prec||cc |s |n e||nmcn| v||h en cxpcr| op|n|on from lC/l on |hc me||cr cu| |hcy
erc no| |n erccmcn| v||h such op|n|on. hc prec||cc eoop|co cy |hc Compeny |s |n ||nc
v||h |hc op|n|on of |hc |xpcr| /ov|sory Comm|||cc of |hc lC/l.
hc sccono |ssuc h|h||h|co cy |hc /uo||ors pcr|e|ns |o |o|c no. 17,e) eno 17,c) |o
|hc ||nenc|e| S|e|cmcn|s rcero|n |mp|oyccs bcncn|s cxpcnscs, vhcrc|n |hc /uo||ors
hevc s|e|co |he| supcrennue||on eno prov|ocn| funo ||ec|||||cs, vh|ch erc e||oce|co eno
cherco |o |hc compeny cy ||s percn| |.c ||C ||m||co eccoro|n |o |hc corpore|c
po||cy, erc ocnnco ccncn| schcmcs eno |he| |hc Compeny hes no| meoc rcqu|s||c
o|sc|osurcs es pcr prov|s|ons of /ccoun||n S|enoero 15 ,/S 15) rc|e||n |o such
schcmcs. hc eforcse|o |rce|mcn| hes cccn oonc es |hc percn| compeny hes e||oce|co
supcrennue||on eno prov|ocn| funo ||ec|||||cs on e nxco pcrccn|ec ces|s eno s|ncc
|hc Compeny hes no fur|hcr ||ec||||y eper| from such ennue| cherc |o ||s eccoun|s, |hc
schcmc, es || epp||cs |o |hc Compeny, |s e ocnnco con|r|cu||on p|en vh|ch oocs no|
ncco such o|sc|osurcs es sucs|co cy |hc /uo||ors.
C&AG REVIEW
/ Supp|cmcn|ery /uo|| ves conouc|co cy |hc Comp|ro||cr & /uo||or Gcncre| of lno|e
unocr Scc||on o19,3) ,c) of |hc Compen|cs /c|, 195o. C&/G v|oc ||s |c||cr oe|co !unc
25, 2O13 commun|ce|co |he| on |hc ces|s of euo||, no|h|n s|n|ncen| ves no||cco
|v|n r|sc |o eny commcn|s upon or supp|cmcn| |o S|e|u|ory /uo||ors' rcpor| unocr
Scc||on o19,4) of |hc Compen|cs /c|,195o. / |c||cr from C&/G on |hc eccoun|s of |hc
compeny for |hc nnenc|e| ycer 2O12-13 |s p|ecco ef|cr |hc rcpor| of S|e|u|ory /uo||ors
of your Compeny.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNING AND OUTGO
hcrc erc no s|n|ncen| per||cu|ers, rc|e||n |o conscrve||on of cncry, |cchno|oy
ecsorp||on unocr |hc Compen|cs ,||sc|osurc of per||cu|ers |n |hc |cpor| of boero of
||rcc|ors) |u|cs, 1988, es your Compeny oocs no| ovn eny menufec|ur|n fec||||y.
|ur|n |hc pcr|oo unocr rcv|cv, |hcrc erc no forc|n cxchenc cern|ns eno ou|o.
PARTICULARS OF EMPLOYEES
/s pcr |o||nce||on |o. GS| 289,|) oe|co 31 Verch, 2O11 |ssuco cy |hc V|n|s|ry of
Corpore|c /ffe|rs, emcno|n |hc prov|s|ons of |hc Compen|cs ,|er||cu|ers of |mp|oyccs)
|u|cs, 1975 |ssuco |n |crms of scc||on 217,2/) of |hc Compen|cs /c|, 195o, || |s no|
ncccssery for Govcrnmcn| compen|cs |o |nc|uoc |hc per||cu|ers of cmp|oyccs orev|n
se|er|cs of ` oO |e|h or morc pcr ennum, cmp|oyco |hrouhou| |hc nnenc|e| ycer or,
`5 |e|h pcr mon|h, |f cmp|oyco for per| of |hc nnenc|e| ycer. /s your compeny |s e
Govcrnmcn| compeny, |hc |nforme||on hes no| cccn |nc|uoco es e per| of |hc ||rcc|ors'
|cpor|. |ovcvcr, our|n |hc pcr|oo unocr rcv|cv |hc Compeny heo no cmp|oyccs of
|hc ce|cory, fe|||n, unocr scc||on 217 ,2/) of |hc Compen|cs /c|, 195o rceo v||h |hc
Compen|cs ,|er||cu|ers of |mp|oyccs) |u|cs, 1975.
DIRECTORS RESPONSIBILITY STATEMENT
/s rcqu|rco unocr Scc||on 217 ,2//) of |hc Compen|cs /c|, 195o, your ||rcc|ors
connrm |he|:
|) |n |hc prcpere||on of |hc ennue| eccoun|s, |hc epp||cec|c eccoun||n s|enoeros heo
cccn fo||ovco e|on v||h propcr cxp|ene||on rc|e||n |o me|cr|e| ocper|urcs,
||) |hc o|rcc|ors heo sc|cc|co such eccoun||n po||c|cs eno epp||co |hcm cons|s|cn||y
eno meoc uomcn|s eno cs||me|cs |he| erc rcesonec|c eno pruocn| so es |o |vc
e |ruc eno fe|r v|cv of |hc s|e|c of effe|rs of |hc compeny e| |hc cno of |hc nnenc|e|
ycer 2O12-13 eno of |hc |oss of |hc compeny for |he| pcr|oo,
|||) |hc o|rcc|ors heo |e|cn propcr eno sufnc|cn| cerc for |hc me|n|cnencc of eocque|c
eccoun||n rccoros |n eccoroencc v||h |hc prov|s|ons of |hc Compen|cs /c|, 195o,
for sefcuero|n |hc essc|s of |hc compeny eno for prcvcn||n eno oc|cc||n freuo
eno o|hcr |rrcu|er|||cs, eno
|v) |hc o|rcc|ors heo prcperco |hc ennue| eccoun|s on e o|n conccrn ces|s.
DIRECTORS
|ur|n |hc nnenc|e| ycer unocr rcv|cv Shr| S.|. S|nh, conscqucn| upon supcrennue||on
from scrv|ccs of ||C ||m||co hes ccesco |o cc |hc ||rcc|or of |hc Compeny v.c.f.
|ccruery 28, 2O13 ,//|).
hc boero of ||rcc|ors, conscqucn| upon nom|ne||on rccc|vco from ||C ||m||co, heo
eppo|n|co Shr| 0.|. |en|, ||rcc|or ,|umen |csourccs), ||C ||m||co es en /oo|||one|
||rcc|or of |hc Compeny. Shr| 0.|. |en| ho|os ofncc up |o |hc oe|c of |h|s /nnue| Gcncre|
Vcc||n eno |s c|||c|c for eppo|n|mcn|. hc Compeny hes rccc|vco e rcqu|s||c no||cc
|n vr|||n from ||C ||m||co, propos|n h|s ceno|oe|urc for |hc ofncc of ||rcc|or ||ec|c
|o rc||rc cy ro|e||on.
ln eccoroencc v||h |hc prov|s|ons of Compen|cs /c|, 195o, |r. /rup |oy Chouohury,
Che|rmen she|| rc||rc cy ro|e||on e| |h|s /nnue| Gcncre| Vcc||n of your Compeny eno,
cc|n c|||c|c, offcrs h|msc|f for rc-eppo|n|mcn|.
ACKNOWLEDGEMENT
hc boero of ||rcc|ors v|shcs |o p|ecc on rccoro ||s epprcc|e||on for |hc suppor|,
con|r|cu||on eno co-opcre||on cx|cnoco cy |hc V|n|s|ry of |ovcr, ver|ous s|e|c
ovcrnmcn|s, s|e|c u||||||cs, cus|omcrs, con|rec|ors, vcnoors, |hc /uo||ors, |hc ben|crs,
||C ||m||co eno |hc un||r|n cffor|s meoc cy e|| cmp|oyccs |o cnsurc |he| |hc compeny
con||nucs |o pcrform eno cxcc|.
||ecc : |cv |c|h| ,|r. /rup |oy Chouohury)
|e|c : !u|y 15, 2O13 Che|rmen
SUBSIDIARY COMPANIES
37
th
ANNEXURE-1
INDUSTRY STRUCTURE AND DEVELOPMENTS
DISTRIBUTION
hc ||cc|r|c||y /c|, 2OO3 rcqu|rcs |hc s|e|c ovcrnmcn|s |o sc| up S|e|c ||cc|r|c||y
|cu|e|ory Comm|ss|ons for re||one||ze||on of cncry |er|ffs eno formu|e||on of po||cy
v||h|n cech s|e|c. /s of Verch 31, 2O13, e|| |hc s|e|cs, hevc sc| up |hc|r |cu|e|ory
Comm|ss|ons. ln eoo|||on, |vo !o|n| ||cc|r|c||y |cu|e|ory Comm|ss|ons hevc cccn
sc| up for Ven|pur & V|zorem eno Goe & 0s. 18 s|e|c c|cc|r|c||y coeros hevc so fer
cccn uncuno|co |n|o scpere|c cncre||on, |rensm|ss|on eno o|s|r|cu||on compen|cs.
hc e|m |s |o cr|n |n rcforms |n scc|or for cfnc|cn| opcre||on of |hc s|e|c c|cc|r|c||y
coeros.
ln lno|e, |hc povcr |rensm|ss|on eno o|s|r|cu||on sys|cm |s e |hrcc-||cr s|ruc|urc
compr|s|n of o|s|r|cu||on nc|vor|s, s|e|c r|os eno rc|one| r|os. hc o|s|r|cu||on
nc|vor|s erc ovnco cy |hc o|s|r|cu||on ||ccnsccs eno |hc s|e|c r|os erc pr|mer||y
ovnco eno opcre|co cy rcspcc||vc s|e|c u||||||cs. ln orocr |o fec||||e|c |hc
|rensm|ss|on of povcr emon nc|hcour|n s|e|cs, s|e|c r|os erc |n|crconncc|co
|o form rc|one| r|os.
|csp||c uncuno||n eno corpore||z|n, |hc s|e|c ovcrnmcn|s erc rc|uc|en| for
pr|ve||ze||on eno ecqu|s|||on of |hc s|e|c ovnco ||scoms cy o|hcr p|eycrs eno |hus
|hcrc hes no| cccn eny sucs|en||e| |n|||e||vc or ec||on |overos |h|s occc||vc. hc
scrv|cc que|||y |||| |es| m||c conncc||v||y s|||| rcme|ns poor. |cvcnuc rce||ze||on |n
o|s|r|cu||on scc|or con||nucs |o cc |ov ceus|n poor nnenc|e| hce||h of s|e|c ovnco
||scoms. |rench|scc mooc| |s en op||on vh|ch |hc s|e|c ovcrnmcn|s hevc cccn
cons|ocr|n. On |hc vho|c, cvcn french|scc mooc| hes no| |hrovn up eny meor
oppor|un||y on e |erc sce|c.
hcrc |s sucs|en||e| po|cn||e| for rcform eno rov|h |n o|s|r|cu||on scc|or vhcrc
|nous|r|e| eno commcrc|e| consumcrs erc v||||n |o pey commcnsure|c |er|ffs for
que|||y eno rc||ec|c povcr. |ccp|n |h|s |n m|no, your Compeny |s con|cmp|e||n ||c
ups v||h ccs| p|eycrs |n c|cc|r|c||y o|s|r|cu||on scc|or |o cxp|orc ncv oppor|un|||cs.
Development of Renewable Energy Sources (RES)
ooey, |hc |o|e| |ns|e||co cepec||y of |hc ne||on s|enos e| 223o2o V\ eno ||S, e|
27542 V\, eccoun|s for 12.32% of |h|s |o|e|. hc ||cc|r|c||y |cu|e|ors hevc meoc
|| menoe|ory for |hc ||scoms |o sourcc ccr|e|n pcrccn|ec of ||s |npu| povcr
rcqu|rcmcn| |hrouh |cncvec|c |ncry sourccs, |o cc |ncrcesco prorcss|vc|y cech
ycer. hc Govcrnmcn|, |n ||s qucs| for |on-|crm cncry eno cnv|ronmcn|e| sccur||y,
|s scc||n |o cnhencc |hc sherc of rcncvec|c povcr |n |hc ovcre|| cncry ces|c|.
Ovcr |oncr |crm, |hc |mpor|encc of ||S vou|o cc morc s|re|c|c |n v|cv of ||s
|mpor|en| ro|c |n m|||e||n |hc cffcc|s of c||me|c chenc. l| |s |mpcre||vc for lno|e |o
cu||o e ccr|e|n |cvc| of sc|f-rc||encc |n rcncvec|c |cchno|o|cs of |hc fu|urc. 79% of
rcncvec|c cncry |s con|r|cu|co cy v|no povcr cncre||on vhcrc po|cn||e| cx|s|s
for 45OOO |o o5OOO V\ of on-shorc v|no povcr.
Go|n cy cmcr|n |rcnos, || |s emp|y c|cer |he| rccn |cchno|oy |s sc| |o cc |hc
ncx| rov|h scc|or.
/our Compeny |s ve|ch|n |hcsc ocvc|opmcn|s c|osc|y v||h e v|cv |o occupy |hc
specc crce|co cy such oppor|un|||cs.
STRENGTH AND WEAKNESS
/our Compeny's s|rcn|h ||cs |n ||s essoc|e||on v||h e s|ron promo|cr v|z. ||C
||m||co hev|n e form|oec|c |rec| rccoro |n povcr procc|, cn|nccr|n, cons|ruc||on,
comm|ss|on|n, opcre||on eno me|n|cnencc for |hc |es| 38 ycers. ||C's form|oec|c
nc|vor|, reppor| eno crco|c||||y v||h cus|omcr u||||||cs, ||scoms, ||s oovn s|rcem
povcr mer|c| eno |reo|n erm erc eooco eoven|ecs |o your Compeny.
hc profcss|one| menpovcr from ||C ||m||co, on scconomcn| e| your Compeny,
hes cccn ec|c |o |cvcrec |hc |nov|coc e|nco from povcr procc| cn|nccr|n
eno cxccu||on |o |hc o|s|r|cu||on scc|or es vc||.
/our Compeny |s cxposco |o |hc r|s| er|s|n ou| of ,|) oc|ey |n rc|cesc of funos from
ovncrs /c||cn|s |n |hc cxccu||on of ocpos|| vor|s on |hc|r cche|f. ,||) procc| heno|n
ovcr eno ,|||) |hc r|s| of rcouc||on |n pron| mer|ns |n cesc of ||mc ovcrrun of such
procc|s.
OPPORTUNITIES AND OUTLOOK
hc ||cc|r|c||y /c|, 2OO3 prov|ocs en oppor|un||y |o cu|| consumcrs v||h e |oeo of
morc |hen 1 V\ |o sourcc |hc|r povcr rcqu|rcmcn| from enyvhcrc |n |hc coun|ry
|hrouh Opcn /cccss for vh|ch |hc s|e|c u|||||y |s oc||co |o prov|oc ncccssery
c|cerenccs. h|s prov|ocs en oppor|un||y |n ver|ous |nous|r|e| eno Spcc|e| |conom|c
Zoncs ,S|Z) vh|ch erc cc|n promo|co cy |hc s|e|c |nous|r|e| ocvc|opmcn|
corpore||ons vhcrc|n e con||uous coreph|ce| erce of e|| such consumcrs cen
cc cermer|co eno povcr fco from upcom|n povcr p|en|s of ||C eno ||s !vs.
ooey, vhcrcvcr meor |nous|r|e| ocvc|opmcn| |s |e||n p|ecc, |h|s cus|ncss mooc|
offcrs |rcmcnoous oppor|un||y es que|||y eno rc||ec|c povcr cen cc essurco |o |hcsc
rov|n |nous|r|cs.
Cons|ocr|n |he| |hc |or|h |o Sou|h |rensm|ss|on corr|oor v||| comc up cy 2O14 on|y,
your Compeny vou|o |n|||e||y focus on o|s|r|cu||on |n |nous|r|e| erces of |or|hcrn
eno Ccn|re| lno|e.
\||h e meor |ncrcesc |n cepec||y eoo|||on |n cncre||on scc|or |n |hc coun|ry, |hcrc
|s en |mm|ncn| rcqu|rcmcn| of cx|cns|vc cepec||y eoo|||on |n |rensm|ss|on/suc-
|rensm|ss|on scc|or e|so for cvecue||on of |h|s povcr. /no|hcr rce| oppor|un||y |s
forcsccn |n ocvc|opmcn| of |rensm|ss|on/suc-|rensm|ss|on |nfres|ruc|urc |n o|ffcrcn|
s|e|cs of |hc coun|ry on bu||o-Opcre|c-Ovn mooc. /our Compeny |s ve|ch|n
ocvc|opmcn| |n |h|s scc|or c|osc|y so es |o |e|c eoven|ec of |hc oppor|un||y vh|ch
|| mey offcr |n ncer fu|urc.
\||h |hc unccr|e|n|y |n pr|ve||ze||on eno ecqu|s|||on of s|e|c ovnco ||scoms cy
o|hcr p|eycrs, |hc Compeny fcc|s |he| rov|n ncco of ver|ous |nous|r|e| eno S|Zs
|n |hc coun|ry offcr cxcc||cn| oppor|un|||cs |n c|cc|r|c||y o|s|r|cu||on. / rcccn|
emcnomcn| |o ||cc|r|c||y /c|, 2OO3, prov|ocs |he| e ocvc|opcr of e S|Z she|| cc
occmco |o cc e ||ccnscc for |hc purposc of o|s|r|cu||on of c|cc|r|c||y v||h|n |hc S|Z.
overos |h|s, your Compeny mey forey |n|o o|s|r|cu||on of c|cc|r|c||y es e ||ccnscc
cy for|n e|||enccs v||h ocvc|opcrs vhcrc|n prc-|ocn||nco roup of |nous|r|e| eno
commcrc|e| consumcrs cen cc scrv|cco cy erren|n rcqu|rco |npu| povcr from
upcom|n povcr p|en|s of ||C eno ||s !vs. /our Compeny |s e|so cxp|or|n |hc
poss|c||||y of e|||encc v||h Govcrnmcn| ovnco S|Zs for rc|e|| o|s|r|cu||on of povcr
|n |hcsc S|Zs. |xp|ore|ory ec||ons hevc cccn |n|||e|co |n |h|s o|rcc||on. lf succcssfu|,
|h|s mooc| cen cc rcp||ce|co |n ver|ous such p|eccs ecross |hc coun|ry.
hc ocvc|opmcn| of |hc |c|h| Vumce| lnous|r|e| Corr|oor offcrs en cxcc||cn|
oppor|un||y for your Compeny |n no| on|y ocvc|opmcn| of |rensm|ss|on &
o|s|r|cu||on |nfres|ruc|urc cu| e|so |n rc|e|| o|s|r|cu||on of povcr |n |nous|r|e| c|||cs
|he| erc p|ennco |o cc ocvc|opco |n |nnucncc rc|on of |hc corr|oor.
\||h |mp|cmcn|e||on of |hc |-/|||| |er| - b schcmc cc|n |e|cn up cy ver|ous
||scoms, your Compeny |s |oo||n forvero |o |hc cus|ncss |n |hc o|s|r|cu||on
s|rcn|hcn|n procc|s.
\||h |hc senc||on of 14 Smer| Gr|o p||o| procc|s |n |hc coun|ry, your Compeny |s
|oo||n |overos |h|s oppor|un||y for con|r|cu||n |n |cchno|o|ce| up-reoe||on of
|hc povcr scc|or |n |hc coun|ry.
hc ecovc oppor|un|||cs she|| e|so m|||e|c conccrns |overos propcr u||||ze||on eno
ocp|oymcn| of cxpcr|cncco menpovcr rcsourcc eve||ec|c v||h |hc Compeny.
\||h |hc |ncrces|n ocmeno ep, |hc povcr scc|or |s |oo||n |overos |erc |nfus|on
of |nvcs|mcn|s. S|e|c ovnco |rensm|ss|on compen|cs erc scc||n |o eumcn| cu||
povcr |rensm|ss|on cepec||y. /our Compeny sccs oppor|un|||cs |n no| on|y |hc ||C
erce cu| |n ovncrsh|p mooc| es vc|| vhcrc prospcc|s of oco|ce|co |rensm|ss|on
||ncs cx|s|.
RISKS AND CONCERNS
So fer |hc me|n |hrus| erce of your Compeny hes cccn procc| |mp|cmcn|e||on on
ocpos|| vor| ces|s unocr |GGv/. h|s ec||v||y, |n ||s currcn| scopc, |s cxpcc|co |o
|es| eno|hcr 12 mon|hs ef|cr vh|ch e suoocn occ||nc |n rcvcnuc s|rcem |s forcsccn
vh|ch |s pcrcc|vco es e meor conccrn.
/||houh ncv ||cc|r|c||y /c|, 2OO3 prov|ocs emp|c oppor|un|||cs |o ncv p|eycrs
|n |hc nc|o of rc|e|| o|s|r|cu||on cu| |n rce|||y |hc s|e|c ovnco ||scoms hevc
no| |mp|cmcn|co |hc semc |n sp|r||. hc /c| cnv|seco rov|h of c|cc|r|c||y
o|s|r|cu||on cus|ncss |hrouh pr|ve|c ||ccnsccs, |n|roouc||on of opcn ecccss eno
phesco v||horeve| of cross sucs|oy. bu|, so fer, |hcsc rcu|e||ons erc qu||c fer from
rce||ze||on. hcrcforc, onc of |hc meor r|s|s en||c|pe|co cy your Compeny |s |nec||||y
|o me|c e pcrccp||c|c prcscncc |n |hc o|s|r|cu||on scc|or unocr prcve|cn| sccner|o.
ooey, |o|e| menpovcr s|rcn|h of |hc Compeny |s 112 sprceo ovcr erouno 28
|oce||ons ecross |hc coun|ry. ln |hc cvcn| of e sherp occ||nc |n rcvcnuc s|rcem,
|| mey no| cc poss|c|c |o sus|e|n such |erc menpovcr rcsourcc. hc fr|||cr|n
evey of menpovcr vh|ch hes e|hcrco cxpcr|cncc eno cepec||||y |n o|s|r|cu||on
cn|nccr|n eno cxccu||on |s eno|hcr conccrn. ln ecscncc of eny sus|e|nec|c rcvcnuc
your Compeny, |o eoorcss |h|s conccrn, hes cccn rcpe|r|e||n menpovcr cec| |o
||C ||m||co.
INTERNAL CONTROL
/our Compeny hes eocque|c |n|crne| con|ro| sys|cms eno proccourcs |n p|ecc
commcnsure|c v||h |hc s|zc eno ne|urc of ||s cus|ncss. /our Compeny hes eoop|co
|hc |n|crne| con|ro| sys|cm of ||s ho|o|n compeny v|z. ||C ||m||co. hc eu|hor|||cs
vcs|co |n ver|ous |cvc|s erc cxcrc|sco v||h|n fremcvor| of eppropr|e|c chcc|s eno
ce|enccs. hc cffcc||vcncss of |hc chcc|s eno ce|enccs eno |n|crne| con|ro| sys|cms
erc rcv|cvco our|n |n|crne| euo|| cerr|co ou| cy en |nocpcnocn| eno cxpcr|cncco
nrm of Cher|crco /ccoun|en|s |n c|osc co-oro|ne||on v||h ocper|mcn|s of |hc
Compeny eno ln|crne| /uo|| |cper|mcn| of ||C ||m||co.
37
th
PERFORMANCE DURING THE YEAR
Operations
|ur|n |hc ycer unocr rcv|cv, your Compeny hes unocr|e|cn rure| c|cc|r|nce||on
procc|s unocr |GGv/ |n |hc s|e|cs of Veohye |reocsh, Chhe|||serh, Oo|she,
!her|heno eno \cs| bcne|.
hc schcmc ves |eunchco |n /pr|| 2OO5 cy mcr|n e|| ono|n rure| c|cc|r|nce||on
schcmcs. hc proremmc e|ms e| c|cc|r|fy|n e|| v|||ecs eno hec||e||ons, prov|o|n
ecccss |o c|cc|r|c||y |o e|| rure| houscho|os eno prov|o|n c|cc|r|c||y conncc||on |o
bc|ov |ovcr|y ||nc ,b||) fem|||cs frcc of cherc. 0nocr |hc proremmc, 9O% ren| |s
prov|oco cy |hc Gov|. of lno|e eno 1O% es |oen cy |ure| ||cc|r|nce||on Corpore||on
||m||co ,||C) |o |hc S|e|c Govcrnmcn|s. ||C hes cccn eppo|n|co es e nooe| ecncy
for |hc proremmc.
||C ||m||co heo cn|crco |n|o e Vcmorenoum of 0nocrs|eno|n v||h ||C for
|mp|cmcn||n eno ech|cv|n occc||vcs of |hc proremmc. /our Compeny, on cche|f
of ||C, |s vor||n es en |mp|cmcn||n ecncy.
|ur|n |hc nnenc|e| ycer 2O12-13, ee|ns| |erc| of 13 un-c|cc|r|nco eno oc-c|cc|r|nco
v|||ecs ,0|/||) v|||ecs sc| cy |hc Gov|. of lno|e |n |hc Vo0, your Compeny ech|cvco
22 0|/|| v|||ecs eno ee|ns| |hc |erc| of 5O477 b|| conncc||ons, your Compeny hes
ech|cvco e pcrformencc of 252O4 conncc||ons. |ur|hcr, ee|ns| cumu|e||vc |erc| of
cher|n of 187o 0|/|| v|||ecs, 14O7 v|||ecs vcrc cncr|zco. |ncr|ze||on of 487
v|||ecs ,ce|encc 4o9 v|||ecs p|us 18 v|||ecs eooco sucscqucn||y |n |hc scopc),
for rcesons ccyono |hc con|ro| of your Compeny, cou|o no| cc ech|cvco ov|n |o:
non-eve||ec||||y of forcs| c|cerenccs, non-eve||ec||||y of re||veys c|cerenccs, pcno|n
|C| senc||on for |ench| eno suc-|rensm|ss|on proc|cms. hc ce|encc |cf| ovcr vor|s
|s proposco |o cc |e|cn up |n |hc nnenc|e| ycer 2O13-14.
ln |mp|cmcn|e||on of c|cc|r|ce| o|s|r|cu||on nc|vor| v||h|n 5 |ms. reo|us of ||C
procc|s/s|e||ons, vor| hes cccn |e|cn up |n 8 procc|s/s|e||ons vhcrc vor| |s |n
prorcss eno |s cxpcc|co |o cc comp|c|co cy 2
no
quer|cr of nnenc|e| ycer 2O13-14.
/our Compeny hes unocr|e|cn |urn|cy cxccu||on oc on ocpos|| vor| ces|s for
sc|||n up suc-s|e||on, |rensm|ss|on ||nc eno essoc|e|co sys|cm for |hc coe| m|n|n
procc| of ||C e| |e|r| berveo|h, !her|heno.
/our Compeny hes e|so unocr|e|cn |urn|cy cxccu||on oc on ocpos|| vor| ces|s for
cons|ruc||on povcr vor| for upcom|n ||C povcr procc|s e| |ere, Geoervere &
|er||pe||| eno povcr cvecue||on errencmcn| for ||C so|er procc|s e| |er|oeceo &
|eerh. /our Compeny hes e|so unocr|e|cn \or|s of povcr supp|y errencmcn| e|
33/O.4 |v sucs|e||on of ||C-b||| !v ,|b|||) eno 22/11 |v sucs|e||on e| |l|||/
per| - |e|e||eo for |l||SCO.
/our Compeny hes coo|co en orocr vor|h `8o Crorc from o|hcr |hen GOl schcmcs
for |hc nrs| ||mc |n onc ycer.
/our Compeny e|so prov|oco h|ro |er|y lnspcc||on /cncy ,|l/) scrv|ccs of rure|
c|cc|r|nce||on procc|s for |GCl|.
Project Management Consultancy Services
/our Compeny, our|n |hc ycer, hes e|so prov|oco |rocc| Venecmcn| Consu||ency
Scrv|ccs for |hc fo||ov|n ess|nmcn|s:
sc|||n up 22O |v suc-s|e||on, sv||chyero & conncc|co fec|||||cs for b|C|, |och|
|cnncry ||o.
cons|ruc||on eno eumcn|e||on of oo/11 |v suc-s|e||ons for 0 of Cheno|erh.
Financial Performance
hc me|n rcvcnuc of your Compeny hes cccn rce||zco cy consu||ency, procc|
menecmcn| eno supcrv|s|on fccs.
,` Crorc)
2012-13 2O11-12
Se|cs 16.34 4o.O9
O|hcr |ncomc 12.58 9.57
Total 28.92 55.oo
|cvcnuc from |GGv/ procc|s our|n |hc nnenc|e| ycer 2O12-13 con|r|cu|co epprox.
37.5% of |o|e| se|cs es comperco |o 79% |n |hc prcv|ous nnenc|e| ycer. ln|crcs| from
cen|s con|r|cu|co epprox. 93% of |hc |o|e| o|hcr |ncomc es comperco |o 99% |n
|hc prcv|ous nnenc|e| ycer.
hc occrcesc |n |o|e| |ncomc our|n |hc currcn| nnenc|e| ycer ves ouc |o rcouc||on |n
cus|ncss vo|umc of |hc Compeny eno non-rc|cesc of |es| 1O% emoun| for comp|c|co
|GGv/ procc|s cy ||C, es french|sccs vcrc yc| |o pu| |n p|ecc cy s|e|c ovcrnmcn|/
||scoms eno rcouc||on |n nne| cxccu|co cos| of somc procc|s es comperco |o |hc
everoco/emcnoco cos|, effcc||n |o|e| scrv|cc chercs |he| cen cc rce||zco cy |hc
Compeny.
hc cxpcno||urc |ncurrco cy your Compeny on eccoun| of |mp|oycc ccncn|s
cxpcnsc eno /om|n|s|re||on & o|hcr cxpcnscs for |hc currcn| nnenc|e| ycer es vc|| es
prcv|ous nnenc|e| ycer |s es fo||ovs:
,` Crorc)
2012-13 2O11-12
|mp|oycc ccncn|s cxpcnsc 41.27 29.37
/om|n|s|re||on & o|hcr cxpcnscs 12.13 1o.24
|r|or pcr|oo ||cms ,nc|) - ,1.27)
Total operating expenses 53.40 44.34
hc |ncrcesc |n |o|e| opcre||n cxpcnscs ves me|n|y ouc |o |ncrcesc |n cmp|oycc
ccncn| cxpcnsc. |ur|n |hc currcn| nnenc|e| ycer |hc Compeny heo re||one||zco
menpovcr cu| cmp|oycc cos| heo rc|s|crco e nc| |ncrcesc ouc |o e||oce||on of
eoo|||one| emoun| of `14.87 Crorc, cy ||C, rc|e||n |o cmp|oycc ccncn|s on
rcv|s|on of mc|hooo|oy of e||oce||on of such cxpcnscs |o sucs|o|ery eno o|n|
vcn|urc compen|cs.
hc |o|e| cxpcnscs |nc|uo|n opcre||n cxpcnscs of |hc Compeny erc es fo||ovs:-
,` Crorc)
2012-13 2O11-12
Total operating expenses 53.40 44.34
|cprcc|e||on eno emor||ze||on cxpcnsc 0.18 O.2O
Total expenses including operating expenses 53.58 44.54
hc ocprcc|e||on cos| es comperco |o |o|e| cxpcnsc |s nc|||c|c s|ncc |hc nxco
essc|s erc rcprcscn|co cy furn||urc eno nx|urcs, ||| mech|ncs c|c. eno |hc Gross
b|oc| ves of |hc orocr of `2.19 crorc es on 31.3.2O13.
,` Crorc)
2012-13 2O11-12
Prot /(Loss) before tax (24.66) 11.12
ex cxpcnscs (0.07) 3.4o
Prot /(Loss) for the year (24.59) 7.oo
|ur|n |hc currcn| nnenc|e| ycer, |hc Compeny hes |ncurrco e |oss of `24.59 Crorc es
comperco |o pron| of `7.oo Crorc our|n |hc prcv|ous nnenc|e| ycer. hc Compeny
our|n |hc currcn| nnenc|e| ycer hes |ncurrco e |oss ouc |o rcouc||on |n |hc cus|ncss
vo|umc, non-rc|cesc of |es| 1O% emoun| for comp|c|co |GGv/ procc|s eno
e||oce||on of eoo|||one| emoun| of `14.87 Crorc, cy ||C, rc|e||n |o cmp|oycc
ccncn|s on rcv|s|on of mc|hooo|oy of e||oce||on of such cxpcnscs |o sucs|o|ery
eno o|n| vcn|urc compen|cs.
/our Compeny |s |e||n eppropr|e|c s|cps for rce||ze||on of |es| 1O% emoun| for
comp|c|co |GGv/ procc|s from ||C.
Reserves & Surplus
|ur|n |hc currcn| nnenc|e| ycer ef|cr |rensfcrr|n |hc |oss of `24.59 Crorc, |hc
|cscrvcs & Surp|us hes rcoucco |o `27.92 Crorc es comperco |o `52.5O Crorc our|n
|hc prcv|ous nnenc|e| ycer
Current Assets
hc currcn| essc|s e| |hc cno of |hc currcn| ycer vcrc `822.41 crorc es comperco |o
`941.52 crorc |n prcv|ous ycer.
,` Crorc)
31.3.2013 31.3.2O12
reoc rccc|vec|cs 11.94 8.OO
Cesh eno cen| ce|enccs 788.07 92O.54
Shor|-|crm |oens eno eovenccs 1.02 O.57
O|hcr currcn| essc|s 21.38 12.41
Total Current Assets 822.41 941.52
hc occrcesc |n currcn| essc|s ves me|n|y on eccoun| of u||||ze||on of cesh eno cen|
ce|enccs for prorcss|vc con|rec| peymcn|s.
Current Liabilities
|ur|n |hc nnenc|e| ycer 2O12-13, currcn| ||ec|||||cs hevc occrcesco |o `82o.OO crorc
es comperco |o `912.27 crorc |n |hc nnenc|e| ycer 2O11-12 me|n|y on eccoun| of
occrcesc |n o|hcr currcn| ||ec|||||cs rc|e||n |o ocpos|| vor|s.
,` Crorc)
31.3.2013 31.3.2O12
reoc peyec|cs 10.31 7.33
O|hcr currcn| ||ec|||||cs 815.69 899.13
Shor|-|crm prov|s|ons - 5.81
Total Current Liabilities 826.00 912.27
37
th
Cash Flow Statement
,` Crorc)
2012-13 2O11-12
Opcn|n Cesh eno cesh cqu|ve|cn|s 920.54 919.O1
|c| cesh from opcre||n ec||v|||cs (133.24) ,O.73)
|c| cesh from |nvcs||n ec||v|||cs 6.58 o.92
|c| cesh nov from nnenc|n ec||v|||cs (5.81) ,4.oo)
|c| Chenc |n Cesh eno cesh cqu|ve|cn|s (132.47) 1.53
C|os|n cesh eno cesh cqu|ve|cn|s 788.07 92O.54
hc c|os|n cesh eno cesh cqu|ve|cn|s for |hc nnenc|e| ycer cnoco Verch 31, 2O13
hes occrcesco |o `788.O7 crorc from `92O.54 crorc.
Financial Indicators
hc ver|ous pcrformencc |no|ce|ors for |hc currcn| ycer es comperco |o prcv|ous
ycer erc es unocr:
2012-13 2O11-12
Cep||e| cmp|oyco |n `Crorc 27.99 52.58
|c| vor|h |n `Crorc 27.99 52.58
|c|urn on cep||e| cmp|oyco ,|b/C|) (88.10%) 21.15%
|c|urn on nc| vor|h ,|//|\) (87.85%) 14.57%
||v|ocno es % of cqu||y cep||e| - o18O
|ern|n pcr sherc |n ` (3038.77) 94o.59
,/moun| |n
`
)
Particulars Note 31.03.2013 31.O3.2O12
|cvcnuc from opcre||ons 15 163452184 4oO9oo8o8
O|hcr |ncomc 1o 125770574 957O4o89
Total revenue 289222758 55oo71557
Expenses
|mp|oycc ccncn|s cxpcnsc 17 412713545 293721385
|cprcc|e||on eno emor||ze||on cxpcnsc 8 1811667 2OOo179
/om|n|s|re||on & o|hcr cxpcnscs 18 121278017 1o2428359
|r|or pcr|oo cxpcno||urc 19 - ,12723512)
Total expenses 535803229 445432411
Prot/(Loss) before tax (246580471) 11123914o
Tax expense:
Currcn| |ex
Currcn| ycer - 3oO83OOO
|er||cr ycers - ,149O792)
|cfcrrco |ex
Currcn| ycer (713226) 57999
|er||cr ycers - -
Total tax expense (713226) 34o5O2O7
|ron|/,|oss) for |hc ycer (245867245) 7o588939
|ern|ns pcr cqu||y sherc
,|er ve|uc of ` 1O/- cech)
21
bes|c (3,038.77) 94o.59
|||u|co (3,038.77) 94o.59
hc eccompeny|n no|cs form en |n|cre| per| of |hcsc nnenc|e| s|e|cmcn|s.
hcrc erc no cx|reoro|nery ||cms |n |hc ecovc pcr|oos.
|or bhuo|eo|e & Compeny
Cher|crco /ccoun|en|s |or & on cche|f of |hc boero of ||rcc|ors
,|emcsh |umer)
|er|ncr
V. |o.-5O3354
,| | Sr|ves|eve)
Ch|cf |xccu||vc
Ofnccr
,/ | S|nhe|)
||rcc|or
Che|rmen
||ecc : |cv |c|h|
|e|co : 29
|h
/pr|| 2O13
hc cep||e| cmp|oyco es vc|| es nc| vor|h hes occrcesco ouc |o |oss |ncurrco
our|n |hc nnenc|e| ycer 2O12-13.
Human Resources
/s on 31
s|
Verch 2O13, |hcrc vcrc 122 cmp|oyccs pos|co on scconomcn| ces|s from
ho|o|n compeny v|z. ||C ||m||co. o ech|cvc |hc emc|||ous |erc|s, |hc Compeny
hes orevn profcss|one| menpovcr from ||C vho hevc r|ch cxpcr|cncc |n oce||n
|n ver|ous |cchn|ce|, nnenc|e| eno commcrc|e| |ssucs. ooey, your Compeny |s prouo
|o s|e|c |he| || hes cu||| e compc|cn| menpovcr cesc rcqu|rco for ||s rov|h |n |hc
o|s|r|cu||on scc|or.
S|e|cmcn|s |n |hc Venecmcn| ||scuss|on eno /ne|ys|s ocscr|c|n |hc Compeny's
occc||vcs, procc||ons, cs||me|cs eno cxpcc|e||ons erc forvero-|oo||n'
s|e|cmcn|s v||h|n |hc mcen|n of epp||cec|c |evs eno rcu|e||ons. /c|ue| rcsu||s
mey very me|cr|e||y from |hosc cxprcssco or |mp||co. lmpor|en| fec|ors |he| cou|o
me|c e o|ffcrcncc |o |hc Compeny's opcre||ons |nc|uoc cconom|c cono|||ons
effcc||n ocmeno/supp|y eno pr|cc cono|||ons |n |hc mer|c|s |n vh|ch |hc Compeny
opcre|cs, chencs |n Govcrnmcn| rcu|e||ons & po||c|cs, |ex |evs eno o|hcr s|e|u|cs
eno |nc|ocn|e| fec|ors.
|e|co : !u|y 15, 2O13 Che|rmen
BALANCE SHEET AS AT
,/moun| |n
`
)
Shareholders funds
Sherc cep||e| 2 809100 8O91OO
|cscrvcs eno surp|us 3 279150280 525O17525
279959380 52582oo25
|cfcrrco |ex ||ec|||||cs ,nc|) 4 - 71322o
Current liabilities
reoc peyec|cs 5 103117041 73277495
O|hcr currcn| ||ec|||||cs o 8156846435 899132o8o4
Shor|-|crm prov|s|ons 7 18407 58129o57
8259981883 9122734O1o
TOTAL 8539941263 9o492738o7
ASSETS
Non-current assets
||xco essc|s
en|c|c essc|s 8 9124148 1O11O19o
|on-currcn| |nvcs|mcn|s 9 3100000 31OOOOO
|on crm |oen & /ovenccs 1O 303562589 22O81oo85
315786737 234O2o881
Current assets
reoc rccc|vec|cs 11 119440482 8OO4515o
Cesh eno cen| ce|enccs 12 7880725638 92O53o974O
Shor|-|crm |oens eno eovenccs 13 10150633 575o425
O|hcr currcn| essc|s 14 213837773 124O75oo5
8224154526 941524o98o
TOTAL 8539941263 9o492738o7
S|n|ncen| eccoun||n po||c|cs 1
,|emcsh |umer)
|er|ncr
V. |o.-5O3354
,| | Sr|ves|eve)
Ch|cf |xccu||vc
Ofnccr
,/ | S|nhe|)
||rcc|or
Che|rmen
||ecc : |cv |c|h|
|e|co : 29
|h
/pr|| 2O13
37
th
CASH FLOW STATEMENT FOR THE YEAR ENDED 31
st
MARCH 2013
,/moun| |n
`
)
31.03.2013 31.03.2012
A. CASH FLOW FROM OPERATING
ACTIVITIES
Net Prot/(Loss) before tax (246580471) 111239146
Adjustment for:
|cprcc|e||on 1811667 2006179
|rov|s|ons - 18,4O7
ln|crcs| |ccc|vco (117142574) ,9429OO78)
Operating Prot before
Working Capital Changes (361911378) 18973654
Adjustment for:
reoc & O|hcr |ccc|vec|cs (39395326) 58oo919
reoc |eyec|cs & O|hcr ||ec|||||cs (844017902) 8Oo55152
O|hcr Currcn| /ssc|s 54476 753997
|oens & /ovenccs (4394208) (887752960) ,3o5O797)
Cash generated from
operations (1249664338) 1O259892o
Direct Taxes Paid 82745904 109850946
Net Cash from Operating
Activities - A (1332410242) ,7252O21)
B. CASH FLOW FROM INVESTING
ACTIVITIES
|urchesc of ||xco /ssc|s (825619) ,13935O9)
ln|crcs| |ccc|vco 66703009 7O592O47
Net cash ow from Investing
Activities - B 65877390 o9198538
C. CASH FLOW FROM FINANCING
ACTIVITIES
||v|ocno |e|o (50000000) ,4OOOOOOO)
ex on ||v|ocno (8111250) ,oo44OOO)
Net Cash ow from Financing
Activities - C (58111250) ,4oo44OOO)
Net Increase/Decrease in Cash
& Cash equivalents (A + B + C) (1324644102) 153O2518
(Opening balance) (see Note
below) 9205369740 9190067223
(Closing balance) (see Note
below) 7880725638 9205369740
|o|c: Cesh & Cesh cqu|ve|cn|s cons|s| of be|encc v||h ben|s. Cesh eno cesh
cqu|ve|cn| |nc|uoco |n |hc cesh nov s|e|cmcn| compr|sc of fo||ov|n
ce|encc shcc| emoun|s es pcr |o|c 12.
Cesh & cesh cqu|ve|cn|s - 106426725
|cmeno ocpos|| |nc|uoco |n o|hcr cen| ce|encc 7880725638 9098943015
7880725638 9205369740
/s pcr our rcpor| of cvcn oe|c
,|emcsh |umer)
|er|ncr
V. |o.-5O3354
,| | Sr|ves|eve)
Ch|cf |xccu||vc
Ofnccr
,/ | S|nhe|)
||rcc|or
Che|rmen
||ecc : |cv |c|h|
|e|co : 29
|h
/pr|| 2O13
Note No. 1 Signicant Accounting Policies
1 BASIS OF PREPARATION
hc nnenc|e| s|e|cmcn|s erc prcperco on eccrue| ces|s of eccoun||n unocr
h|s|or|ce| cos| convcn||on |n eccoroencc v||h cncre||y ecccp|co eccoun||n
pr|nc|p|cs |n lno|e eno |hc rc|cven| prov|s|ons of |hc Compen|cs /c|, 195o
|nc|uo|n eccoun||n s|enoeros no||nco |hcrc unocr.
2 USE OF ESTIMATES
hc prcpere||on of nnenc|e| s|e|cmcn|s rcqu|rcs cs||me|cs eno essump||ons |he|
effcc| |hc rcpor|co emoun| of essc|s, ||ec|||||cs, rcvcnuc eno cxpcnscs our|n
|hc rcpor||n pcr|oo. /||houh such cs||me|cs eno essump||ons erc meoc on
e rcesonec|c eno pruocn| ces|s |e||n |n|o eccoun| e|| eve||ec|c |nforme||on,
ec|ue| rcsu||s cou|o o|ffcr from |hcsc cs||me|cs & essump||ons eno such
o|ffcrcnccs erc rccon|zco |n |hc pcr|oo |n vh|ch |hc rcsu||s erc crys|e|||zco.
3 FIXED ASSETS
3.1 en|c|c /ssc|s erc cerr|co e| h|s|or|ce| cos| |css eccumu|e|co
ocprcc|e||on.
3.2 ln|en|c|c essc|s erc s|e|co e| |hc|r cos| of ecqu|s|||on |css eccumu|e|co
emor||se||on.
4 INVESTMENTS
|on |crm |nvcs|mcn|s erc cerr|co e| cos|. |rov|s|on |s meoc for o|m|nu||on,
o|hcr |hen |cmporery, |n |hc ve|uc of such |nvcs|mcn|s.
5 PROFIT AND LOSS ACCOUNT
5.1 INCOME RECOGNITION
5.1.1 lncomc from consu||ency, procc| menecmcn| eno supcrv|s|on scrv|ccs
|s eccoun|co for on |hc ces|s of ec|ue| prorcss / |cchn|ce| esscssmcn|
of vor| cxccu|co, |n ||nc v||h |hc |crms of rcspcc||vc consu||ency
con|rec|s. C|e|ms for rc|mcurscmcn| of |nc|ocn|e| cxpcno||urc erc
rccon|sco es o|hcr |ncomc, es pcr |hc |crms of consu||ency scrv|cc
con|rec|s. lncomc from |rocc| Venecmcn| Scrv|ccs |s eccoun|co for
on |hc scrv|cc chercs cernco.
5.1.2 ln|crcs| / surcherc rccovcrec|c on eovenccs |o supp||crs es vc|| es
verren|y c|e|ms / ||qu|oe|co oemecs vhcrcvcr |hcrc |s unccr|e|n|y of
rce||ze||on / ecccp|encc erc no| |rce|co es eccruco eno erc |hcrcforc
eccoun|co for on rccc|p| / ecccp|encc.
5.2 EXPENDITURE
5.2.1 |cprcc|e||on |s cherco on s|re|h| ||nc mc|hoo fo||ov|n |hc re|cs
5.2.2 |cprcc|e||on on |hc fo||ov|n essc|s |s prov|oco cesco on |hc|r
cs||me|co uscfu| ||fc:
e) |crsone| Compu|crs eno |ep|ops |nc|uo|n pcr|phcre|s 5 ycers
c) |ho|ocop|crs eno |ex Vech|ncs 5 ycers
c) \e|cr Coo|crs, |cfr|cre|ors eno /|r Cono|||oncrs 12 ycers
5.2.3 |cprcc|e||on on eoo|||ons |o/ocouc||ons from nxco essc|s our|n |hc
ycer |s cherco on pro-re|e ces|s from/up |o |hc mon|h |n vh|ch |hc
essc| |s eve||ec|c for usc/o|spose|.
5.2.4 /ssc|s cos||n up |o ` 5,OOO/- erc fu||y ocprcc|e|co |n |hc ycer of
ecqu|s|||on.
5.2.5 Cos| of sof|verc rccon|zco es |n|en|c|c essc|s |s emor||sco on s|re|h|
||nc mc|hoo ovcr e pcr|oo of |ce| r|h| |o usc or 3 ycers, vh|chcvcr |s |css.
5.2.o \hcrc |hc cos| of ocprcc|ec|c essc|s hes unocronc e chenc
our|n |hc ycer ouc |o |ncrcesc/occrcesc |n |on |crm ||ec|||||cs on
eccoun| of cxchenc nuc|ue||on, pr|cc eous|mcn|, chenc |n ou||cs
or s|m||er fec|ors, |hc unemor||sco ce|encc of such essc| |s cherco
off prospcc||vc|y e| |hc rcv|sco uscfu| ||fc oc|crm|nco cesco on re|cs
5.2.7 |xpcnscs on cx-re||e peymcn|s unocr vo|un|ery rc||rcmcn| schcmc eno
|re|n|n eno rccru||mcn| erc cherco |o rcvcnuc |n |hc ycer |ncurrco.
5.2.8 hc ||ec|||||cs for cmp|oycc ccncn|s erc eccoun|co for on |hc ces|s
of e||oce||on of such cxpcnscs meoc cy |hc percn| compeny, |n
eccoroencc v||h |hc corpore|c po||cy.
5.2.9 |rc||m|nery cxpcnscs on eccoun| of ncv procc|s |ncurrco pr|or |o
epprove| of fces|c||||y rcpor| erc cherco |o rcvcnuc.
5.2.1O |rc-pe|o cxpcnscs eno pr|or pcr|oo cxpcnscs/|ncomc of ||cms of
`1,OO,OOO/- eno cc|ov erc cherco |o ne|ure| hceos of eccoun|s.
6 PROVISIONS AND CONTINGENT LIABILITIES
/ prov|s|on |s rccon|sco vhcn |hc compeny hes e prcscn| oc||e||on es e
rcsu|| of e pes| cvcn| eno || |s procec|c |he| en ou|nov of rcsourccs v||| cc
rcqu|rco |o sc|||c |hc oc||e||on eno |n rcspcc| of vh|ch e rc||ec|c cs||me|c cen
cc meoc. |rov|s|ons erc oc|crm|nco cesco on menecmcn| cs||me|c rcqu|rco
|o sc|||c |hc oc||e||on e| |hc ce|encc shcc| oe|c eno erc no| o|scoun|co |o
prcscn| ve|uc. Con||ncn| ||ec|||||cs erc o|sc|osco on |hc ces|s of uomcn| of
|hc menecmcn|/|nocpcnocn| cxpcr|s. hcsc erc rcv|cvco e| cech ce|encc
shcc| oe|c eno erc eous|co |o rcncc| |hc currcn| menecmcn| cs||me|c.
7 CASH FLOW STATEMENT
Cesh nov s|e|cmcn| |s prcperco |n eccoroencc v||h |hc |no|rcc| mc|hoo
prcscr|cco |n /ccoun||n S|enoero ,/S) 3 on 'Cesh ||ov S|e|cmcn|s'.
37
th
Note No. 2 Share Capital
,/moun| |n `)
As at 31.03.2013 31.03.2012
EQUITY SHARE CAPITAL
AUTHORISED
1O,OOO,OOO shercs of per ve|uc of ` 1O/- cech
,prcv|ous ycer 1O,OOO,OOO shercs of per ve|uc of
` 1O/- cech)
100000000 100000000
ISSUED, SUBSCRIBED AND FULLY PAID-UP
8O,91O shercs of per ve|uc of ` 1O/- cech ,prcv|ous
ycer 8O,91O shercs of per ve|uc of ` 1O/- cech) erc
hc|o cy |hc ho|o|n compeny, ||C ||o. eno ||s
nom|nccs
809100 809100
c) hc Compeny hes on|y onc c|ess of cqu||y shercs hev|n e per ve|uc of ` 1O/-
pcr sherc. hc ho|ocrs of |hc cqu||y shercs erc cn||||co |o rccc|vc o|v|ocnos es
occ|erco from ||mc |o ||mc eno erc cn||||co |o vo||n r|h|s propor||one|c |o
|hc|r sherc ho|o|n e| |hc mcc||ns of shercho|ocrs.
c) 8O,91O cqu||y shercs ve|u|n ` 8,O9,1OO , prcv|ous ycer 8O,91O cqu||y shercs
ve|u|n ` 8,O9,1OO ) erc hc|o cy |hc ho|o|n Co. |.c. ||C ||o. eno ||s nom|nccs.
Note No. 3 Reserves and Surplus ,/moun| |n
`
)
As at 31.03.2013 31.03.2012
Reserves
Gcncre| rcscrvc
/s pcr |es| ce|encc shcc| 74859000 67200000
/oo:rensfcr from surp|us ce|encc |n |hc s|e|cmcn| of
pron| & |oss - 7659000
C|os|n ce|encc 74859000 74859000
Surplus
/oo: |ron| for |hc ycer from s|e|cmcn| of pron| & |oss (245867245) 76588939
|css: rensfcr |o cncre| rcscrvc 7659000
|roposco o|v|ocno - 50000000
ex on proposco o|v|ocno - 8111250
|c| surp|us 204291280 450158525
Total 279150280 525017525
e) hc Compeny hes proposco nne| o|v|ocno for |hc ycer 2O12-13 ` NIL pcr
cqu||y sherc per ve|uc of ` 1O/- cech ,prcv|ous ycer ` o17.97 pcr cqu||y sherc)
Note No. 4 Deferred Tax Liabilities (Net)
The item-wise details of deferred tax liability are as
,/moun| |n
`
)
As at Additions/ As at
01.04.2012 (Adjustments)
during the year
31.03.2013
||ffcrcncc of coo| ocprcc|e||on eno
|ex ocprcc|e||on 713226 ,112592) 600634
|css: |cfcrrco |ex essc|s on
unecsorcco ocprcc|e||on ,oOOo34) (600634)
Total 713226 ,71322o) -
e) hc nc| occrcesc our|n |hc ycer |n |hc ocfcrrco |ex ||ec||||y of ` 1,12,592
,prcv|ous ycer |ncrcesc ` 57,999) hes cccn crco||co |o s|e|cmcn| of |ron| & |oss.
c) |cfcrrco |ex essc|s on unecsorcco ocprcc|e||on eno cerr|co forvero |osscs hes
no| cccn rccon|sco |o |hc cx|cn| |hcrc |s no v|r|ue| ccr|e|n|y |he| sufnc|cn|
fu|urc |exec|c |ncomc v||| cc eve||ec|c ee|ns| vh|ch such ocfcrrco |ex essc|s
cen cc rce||sco. hc nc| |ncrcesc our|n |hc ycer |n |hc ocfcrrco |ex essc|s of
` o,OO,o34 ,prcv|ous ycer |l|) hes cccn crco||co |o s|e|cmcn| of |ron| & |oss.
Note No. 5 Trade Payables
,/moun| |n `)
As at 31.03.2013 31.O3.2O12
|or ooos eno scrv|ccs 103117041 73277495
Total 103117041 73277495
e) |o emoun|s erc peyec|c |o V|cro, Sme|| eno Vco|um |n|crpr|scs our|n |hc ycer
es vc|| es prcv|ous ycer.
Note No. 6 Other Current Liabilities
,/moun| |n
`
)
As at 31.03.2013 31.03.2012
boo| ovcroref| 11174200 6463918
/ovenccs from cus|omcrs eno o|hcrs 159061650 215771331
O|hcr peyec|cs
ex ocouc|co e| sourcc eno o|hcr s|e|u|ory oucs 1321963 6145046
/moun| rccc|vco ee|ns| ocpos|| vor|s 7602172277 8593672929
|eyec|cs |o |mp|oyccs 28717980 31730971
O|hcrs 354398365 137542669
Total 8156846435 8991326864
e) O|hcr peyec|cs - o|hcrs |nc|uoc emoun|s peyec|c |o |hc |o|o|n Compeny, ||C
||m||co emoun||n |o ` 35,43,8O,435 ,|rcv|ous /cer ` 13,75,24,739).
c) |o emoun|s erc peyec|c |o V|cro, Sme|| eno Vco|um |n|crpr|scs our|n |hc ycer
es vc|| es prcv|ous ycer.
Note No. 7 Short Term Provisions
,/moun| |n
`
)
As at 31.03.2013 31.03.2012
/s pcr |es| ce|encc shcc| - 2567570
/moun|s pe|o our|n |hc ycer - 2567570
C|os|n ce|encc - -
/oo|||ons our|n |hc ycer - 50000000
/moun|s usco our|n |hc ycer 50000000 40000000
C|os|n ce|encc - 50000000
/moun|s pe|o our|n |hc ycer 8111250 6644000
C|os|n ce|encc - 8111250
|rov|s|on for shor|ec |n nxco essc|s pcno|n
|nvcs||e||on
/s pcr |es| ce|encc shcc| 18407 -
C|os|n ce|encc 18407 18407
Total 18407 58129657
Note No. 8 Non-Current Assets
TANGIBLE ASSETS ,/moun| |n
`
)
Gross Block Depreciation/Amortisation Net Block
As at
01.04.2012
Additions Deductions/
Adjustments
As at
31.03.2013
Upto
01.04.2012
For
the year
Deductions/
Adjustments
Upto
31.03.2013
As at
31.03.2013
As at
31.03.2012
cmporery crcc||on 190550 - - 190550 190550 - - 190550 - -
|urn||urc eno nx|urcs 6481467 20108 - 6501575 3578681 261604 - 3840285 2661290 2902786
Ofncc cqu|pmcn| 4974541 612661 - 5587202 1119334 338224 - 1457558 4129644 3855207
cqu|pmcn| 8536473 192850 - 8729323 5184270 1211839 - 6396109 2333214 3352203
Total 20183031 825619 - 21008650 10072835 1811667 - 11884502 9124148 10110196
|rcv|ous ycer 18878789 1389809 ,37OO) 20272298 8138001 2006179 - 10144180 10128118 10740788
37
th
INTANGIBLE ASSETS ,/moun| |n
`
)
As at
01.04.2012
Adjustments
As at
31.03.2013
Upto
01.04.2012
For
the year
Deductions/
Adjustments
Upto
31.03.2013
As at
31.03.2013
As at
31.03.2012
Sof|verc 93o895 - - 936895 93o895 - - 936895 - -
Total 936895 - - 936895 93o895 - - 936895 - -
|rcv|ous ycer 93o895 - - 936895 93o895 - - 936895 - -
Deduction/adjustments from gross block and amortisation for the year includes:
31.03.2013 31.03.2012 31.03.2013 31.03.2012
/ssc|s cep||e||sco v||h rc|rospcc||vc cffcc| /
\r||c cec| of cxccss cep||e||se||on
- 37OO - -
- 37OO - -
Note No. 9 Non-Current Investment
,/moun| |n
`
)
As at 31.03.2013 31.03.2012
Number
of shares
Current Year
/ (Previous
Year)
Face value
per share
Current Year
/ (Previous
Year) (`)
Trade
Equity instruments
(fully paid up -
unless otherwise
stated)
Unquoted
Joint Venture
Companies
|l||SCO |ovcr
eno 0||||||cs |v|. ||o.
5OOOO
,5OOOO)
1O
,1O)
5OOOOO 5OOOOO
Share application
money pending
allotment in:
|l||SCO |ovcr eno 0||||||cs |v|. ||o. 2oOOOOO 2oOOOOO
Total 31OOOOO 31OOOOO
e) lnvcs|mcn|s hevc cccn ve|uco cons|ocr|n |hc s|n|ncen| eccoun||n po||cy no. 4
o|sc|osco |n |o|c no. 1 |o |hcsc nnenc|e| s|e|cmcn|s.
NOTE NO. 10 Long Term Loans and Advances
,Cons|ocrco ooo, un|css o|hcrv|sc s|e|co)
,/moun| |n
`
)
As at 31.03.2013 31.O3.2O12
ADVANCES
/ovencc |ex ocpos|| & |ex ocouc|co e|
sourcc
513943142 431197238
|css: |rov|s|on for currcn| |ex 210380553 21O38O553
Total 303562589 22O81oo85
Note No. 11 Trade Receivables
,Cons|ocrco ooo, un|css o|hcrv|sc s|e|co) ,/moun| |n
`
)
As at 31.03.2013 31.03.2012
Ou|s|eno|n for e pcr|oo cxccco|n s|x mon|hs from
|hc oe|c |hcy erc ouc for peymcn|
0nsccurco 36236669 2592353
O|hcrs - 0nsccurco 83203813 774528O3
Total 119440482 8OO4515o
Note No. 12 Cash & Bank Balances
,/moun| |n
`
)
As at 31.03.2013 31.03.2012
be|enccs v||h cen|s
- Currcn| eccoun|s - 1O521o487
Chcqucs & oref|s on heno - 121O238
Other bank balances
|cpos||s v||h or||ne| me|ur||y of morc |hen |hrcc
mon|hs cu| no| morc |hen |vc|vc mon|hs
7880725638 9O98943O15
Total 7880725638 92O53o974O
e) O|hcr cen| ce|enccs - ocpos||s |nc|uoc ` 645,98,05,664 ,|rcv|ous ycer
` 78o,92,o7,349) |overos eovenccs rccc|vco from ||C ||o. for |GGv/ vor|s.
Note No. 13 Short Term Loans And Advances
,/moun| |n
`
)
As at 31.03.2013 31.03.2012
ADVANCES
O|hcrs ,unsccurco)
Ccnve| crco|| rccc|vec|cs 6042904 5o34483
O|hcrs 4107729 121942
Total 10150633 575o425
e) O|hcrs |nc|uoc prcpe|o rcn| eno emoun| rccovcrec|c from !o|n| vcn|urc
compeny |.c. |l||SCO.
Note No. 14 Other Current Assets
,/moun| |n
`
)
As at 31.03.2013 31.03.2012
ln|crcs| eccruco on :
crm ocpos||s
|cpos|| \or| /moun| of ||C ||o. 162446259 123Oo924O
O|hcrs 50439565 -
/ovencc |o Con|rec|ors 934027 9885O3
213819851 124O57743
/ssc|s hc|o for o|spose| 17922 17922
Total 213837773 124O75oo5
Note No. 15 Revenue From Operations ,/moun| |n
`
)
For the period ended 31.03.2013 31.03.2012
Consu||ency, procc| menecmcn| eno supcrv|s|on
fccs ,|nc|uo|n |urn|cy cons|ruc||on procc|s) 163452184 4oO9oo8o8
Total 163452184 4oO9oo8o8
37
th
Annual Report 2012-2013 1oO
Note No. 16 Other Income
,/moun| |n
`
)
For the period ended 31.03.2013 31.O3.2O12
Interest from
O|hcrs
lno|en cen|s 117142574 9429OO78
ln|crcs| from |ncomc |ex rcfunos - 1414o11
|V| forfc||co 8628000 -
Total 125770574 957O4o89
e) ln|crcs| from lno|en cen| |s nc| of ` 66,20,53,855 ,prcv|ous ycer ` o4,1o,15,379)
|overos |n|crcs| cernco on |nvcs|mcn| of eovenccs rccc|vco from ||C ||o. |s no|
|hc |ncomc of |hc Compeny es || |s e||r|cu|ec|c |o ||C ||o. eno hes cccn |rens-
fcrrco |o emoun| rccc|vco ee|ns| ocpos|| vor|s unocr O|hcr Currcn| ||ec|||||cs
- O|hcr peyec|cs - O|hcrs ,|o|c |o. o).
Note No. 17 Employee Benets Expense
,/moun| |n
`
)
Se|er|cs eno vecs 384426859 2o4311o5o
Con|r|cu||on |o prov|ocn| eno o|hcr funos 16563215 21519341
S|eff vc|ferc cxpcnscs 11723471 789O388
Total 412713545 293721385
e) /|| |hc cmp|oyccs of |hc Compeny erc on scconomcn| from |hc |o|o|n
Compeny, |.c. ||C ||o.
c) |mp|oycc ccncn|s cxpcnsc |nc|uoc ` 4,15,40,924 for |hc ycer ,|rcv|ous ycer
` 5o,57,O78) |overos |cevc, Supcrennue||on eno o|hcr ccncn|s |n rcspcc|
of cmp|oyccs pos|co on scconomcn| ces|s from |hc ||C ||o. ,ho|o|n
compeny).
c) |mp|oycc ccncn|s cxpcnsc |nc|uoc ` 10,71,78,672 |overos |cevc,
supcrennue||on eno o|hcr ccncn|s pcr|e|n|n |o cer||cr ycers |.c. O1.O1.2OO7 |o
31.O3.2O12 cc|n eoo|||one| prov|s|ons meoc our|n |hc currcn| ycer ouc |o
chenc |n |hc mc|hooo|oy of e||oce||on of such prov|s|ons, eccoro|n |o |hc
corpore|c po||cy.
Note No. 18 Administration & Other Expenses
,/moun| |n `)
|ovcr chercs 794303 84O719
|cn| 3674966 4315443
|cpe|rs & me|n|cnencc 148390 33O59OO
lnsurencc 27909 3515O
re|n|n & rccru||mcn| cxpcnscs 376800 47OOO
Commun|ce||on cxpcnscs 7178403 8291o97
revc|||n cxpcnscs 28104488 29O4o925
cnocr cxpcnscs 6961137 39O3o3O
|css: |ccc|p| from se|c of |cnocrs 379125 324OOO
6582012 3579o3O
|eymcn| |o euo||ors
,rcfcr oc|e||s cc|ov) 196650 1127OO
/ovcr||scmcn| eno puc||c||y 10000 -
Sccur||y cxpcnscs 3840212 44o8111
|n|cr|e|nmcn| cxpcnscs 1319093 1317O31
|xpcnscs for ucs| housc 436434 482234
bro|crec & comm|ss|on - 17OOO
Commun||y ocvc|opmcn| eno vc|ferc
cxpcnscs 2298107 599893
boo|s eno pcr|oo|ce|s 95885 1335OO
|rofcss|one| chercs eno consu||ency fccs 46940507 83O3Oo22
|ce| cxpcnscs 10500 3O72
Note No. 18 Administration & Other Expenses
,/moun| |n `)
||| h|rc eno o|hcr chercs 762949 1133738
|r|n||n eno s|e||oncry 871321 1O41839
||r|n of vch|c|cs 15095287 17992o4O
ben| chercs 1803 1o4O1
V|scc||encous cxpcnscs 2508803 25987O7
|oss on o|spose|/vr||c-off of nxco essc|s 3195 -
121278017 1o24O9952
Provisions for
Shor|ec |n nxco essc|s - 184O7
- 184O7
Total 121278017 1o2428359
e) |c|e||s |n rcspcc| of peymcn| |o
euo||ors:
As auditor
/uo|| fcc 80000 ooOOO
ex euo|| fcc 26000 21OOO
Reimbursement of expenses 90650 257OO
196650 1127OO
Note No. 19 Prior Period Expenditure
,/moun| |n
`
)
|mp|oycc ccncn|s cxpcnsc - ,12723512)
Total - ,12723512)
Other Notes
2O hc Compeny |s opcre||n |n e s|n|c scmcn|, |he| |s prov|o|n consu||ency,
procc| menecmcn| eno supcrv|s|on scrv|ccs.
21 Discloure as per Accounting Standard - 20 on Earnings Per Share
hc c|cmcn|s cons|ocrco for ce|cu|e||on of |ern|n |cr Sherc ,bes|c & |||u|co)
erc es unocr:
Current Year Previous Year
|c| |ron| ef|cr ex usco es numcre|or - ` (245,867,245) 7o,588,939
\c|h|co evcrec numccr of cqu||y shercs
usco es ocnom|ne|or
80,910 8O,91O
|ern|n |cr Sherc ,bes|c & |||u|co) - ` (3,038.77) 94o.59
|ecc ve|uc pcr sherc - ` 10.00 1O.OO
22 Discloure as per Accounting Standard - 19 on Leases
Operating Leases:
hc compeny's s|n|ncen| |ces|n errencmcn|s erc |n rcspcc| of opcre||n
|cescs of prcm|scs for rcs|ocn||e| usc of cmp|oyccs, ofnccs eno |rens|| cemps.
hcsc |ces|n errencmcn|s erc usue||y rcncvec|c on mu|ue||y ercco |crms
cu| erc no| non-cencc||ec|c. |o|c |o. 17 - |mp|oyccs' ccncn| cxpcnscs
|nc|uoc ` 1,94,61,405 ,|rcv|ous ycer ` 2,15,92,778) |overos |cesc peymcn|s,
nc| of rccovcr|cs, |n rcspcc| of prcm|scs for rcs|ocn||e| usc of cmp|oyccs.
|cesc peymcn|s |n rcspcc| of prcm|scs for ofnccs eno |rens|| cemps emoun||n
|o ` 36,74,966 ,|rcv|ous ycer ` 43,15,443) erc shovn es |cn| |n |o|c |o. 18
- /om|n|s|re||on eno o|hcr cxpcnscs.
23 Discloure as per Accounting Standard - 27 on Financial Reporting of
Interests in Joint Ventures
!o|n| vcn|urc |n||||cs:
Company |ropor||on of ovncrsh|p |n|crcs| es
on ,cxc|uo|n Sherc /pp||ce||on
Voncy)
31.03.2013 31.03.2012
|l||SCO |ovcr eno 0||||||cs |v|. ||o. 50% 5O%
hc ecovc cn|||y |s |ncorpore|co |n lno|e. hc Compeny's sherc of |hc essc|s,
||ec|||||cs, con||ncn| ||ec|||||cs eno cep||e| comm||mcn| es e| 31
s|
Verch 2O13
eno |ncomc eno cxpcnscs for |hc ycer cesco on uneuo||co eccoun|s erc
|vcn cc|ov:
37
th
Annual Report 2012-2013 1o1
,/moun| |n
`
)
A Assets 31.03.2013 31.03.2012
|on-currcn| essc|s 96,143,796 8O,582,88o
Currcn| essc|s 36,027,498 35,343,38O
o|e| 132,171,294 115,92o,2oo
B Equity & liabilities
Shercho|ocrs' funos 11,914,857 1o,7o8,24o
|on-currcn| ||ec|||||cs 9,013,076 o,485,599
Currcn| ||ec|||||cs 111,243,362 92,o72,422
o|e| 132,171,295 115,92o,2o7
C Contingent liabilities 8,464,414 14,921,o85
D Capital commitments 34,467,456 24,5OO
Current Year |rcv|ous /cer
E Income 152,751,509 113,38O,323
F Expenses 166,684,717 1O1,787,o4o
24 hc common scrv|ccs cc|n u||||zco cy |hc Compeny for ||'s' ofncc e| |Ol|/
erc prov|oco v||hou| eny chercs cy |hc |o|o|n Compeny.
25 lnforme||on |n rcspcc| of consu||ency con|rec|s on ocpos|| vor| ces|s:
,/moun| |n
`
)
Sl. Particulars Current Year Previous Year
1 /moun| of rcvcnuc rccon|sco on
consu||ency con|rec| on ocpos|| vor|
ces|s
128,567,204 398,43O,383
2 /moun| o|scursco for consu||ency
con|rec|s on ocpos|| vor| ces|s
2,767,266,090 3,7o9,951,OOO
3 /moun| of eovencc rccc|vco from
cus|omcrs for consu||ency con|rec|s on
ocpos|| vor| ces|s
825,125,009 2,431,3o8,OOO
4 Gross emoun| ouc from cus|omcrs for
consu||ency con|rec|s on ocpos|| vor|
es en essc|
Nil |||
5 Gross emoun| ouc |o cus|omcrs for
consu||ency con|rec|s on ocpos|| vor|
ces|s es e ||ec||||y
Nil |||
2o |s||me|co emoun| of con|rec|s rcme|n|n |o cc cxccu|co on cep||e| eccoun|
eno no| prov|oco for |s ` Nil ,|rcv|ous ycer ` |||). Compeny hes e comm||mcn|
|o fur|hcr |nvcs|mcn| |o |hc !v |o |hc cx|cn| of ` 9,OO,OOO.
27 Con||ncn| ||ec|||||cs:
/ccoro|n |o |hc orocr |o. 29/comm|ss|oncr/|o|oe/2O12-13 oe|co 1O.1O.2O12
of Comm|ss|oncr Scrv|cc ex, en emoun| of ` 4,o2,15,O7,284 ,|nc|uo|n
` 2,31,O7,53,o42 es pcne||y) |s |mposco es eoo|||one| scrv|cc |ex peyec|c for
|hc pcr|oo 2OOo-O7 |o 2O1O-11. h|s |s e pess |hrouh ||cm |hc ||ec||||y of
vh|ch |s on ||C ||o es pcr |crms of con|rec|. hc orocr of |hc Comm|ss|oncr |s
che||cnco ccforc C|S/ eno |s pcno|n o|spose|. |ur|hcr Scrv|cc ex me||cr
|s pcno|n for |hc ycer 2O11-12 ccforc |hc Comm|ss|oncr of Cus|oms, Ccn|re|
|xc|sc eno Scrv|cc ex, |o|oe emoun||n |o ` 2O,85,97,984.
28 O|hcr o|sc|osurcs es pcr Schcou|c vl of |hc Compen|cs /c|, 195o
,/moun| |n
`
)
Particulars Current Year Previous Year
e) |xpcno||urc |n forc|n currcncy:
O|hcrs Nil 9O,47o
29 |rcv|ous ycer's nurcs hevc cccn rcroupco/rcerrenco vhcrcvcr ncccssery.
,|emcsh |umer)
|er|ncr
V. |o.-5O3354
,| | Sr|ves|eve)
Ch|cf |xccu||vc
Ofnccr
,/ | S|nhe|)
||rcc|or
Che|rmen
||ecc : |cv |c|h|
|e|co : 29
|h
/pr|| 2O13
AUDITORS REPORT
o |hc Vcmccrs of
NTPC ELECTRIC SUPPLY COMPANY LTD.
\c hevc euo||co |hc eccompeny|n nnenc|e| s|e|cmcn|s of V/s ||C ||cc|r|c Supp|y
Compeny ||m||co, |cv |c|h| ,e vho||y ovnco sucs|o|ery of ||C ||o.) vh|ch
compr|sc |hc be|encc Shcc| es e| 31
s|
Verch 2O13, eno |hc S|e|cmcn| of |ron| eno
|oss eno Cesh ||ov S|e|cmcn| for |hc ycer |hcn cnoco, eno e summery of s|n|ncen|
eccoun||n po||c|cs eno o|hcr cxp|ene|ory |nforme||on.
Venecmcn| |s rcspons|c|c for |hc prcpere||on of |hcsc nnenc|e| s|e|cmcn|s |he|
|vc e |ruc eno fe|r v|cv of |hc nnenc|e| pos|||on, nnenc|e| pcrformencc eno cesh
novs of |hc Compeny |n eccoroencc v||h |hc /ccoun||n S|enoeros rcfcrrco |o
|n suc-scc||on ,3C) of scc||on 211 of |hc Compen|cs /c|, 195o, |hc /c|'). h|s
rcspons|c||||y |nc|uocs |hc ocs|n, |mp|cmcn|e||on eno me|n|cnencc of |n|crne|
con|ro| rc|cven| |o |hc prcpere||on eno prcscn|e||on of |hc nnenc|e| s|e|cmcn|s |he|
|vc e |ruc eno fe|r v|cv eno erc frcc from me|cr|e| m|ss|e|cmcn|, vhc|hcr ouc |o
freuo or crror.
Our rcspons|c||||y |s |o cxprcss en op|n|on on |hcsc nnenc|e| s|e|cmcn|s cesco on
our euo||. \c conouc|co our euo|| |n eccoroencc v||h |hc S|enoeros on /uo|||n
|ssuco cy |hc lns|||u|c of Cher|crco /ccoun|en|s of lno|e. hosc s|enoeros rcqu|rc
|he| vc comp|y v||h c|h|ce| rcqu|rcmcn|s eno p|en eno pcrform |hc euo|| |o oc|e|n
rcesonec|c essurencc ecou| vhc|hcr |hc nnenc|e| s|e|cmcn|s erc frcc from me|cr|e|
m|ss|e|cmcn|.
/n euo|| |nvo|vcs pcrform|n proccourcs |o oc|e|n euo|| cv|ocncc ecou| |hc
emoun|s eno o|sc|osurcs |n |hc nnenc|e| s|e|cmcn|s. hc proccourcs sc|cc|co
ocpcno on |hc euo||or's uomcn|, |nc|uo|n |hc esscssmcn| of |hc r|s|s of
me|cr|e| m|ss|e|cmcn| of |hc nnenc|e| s|e|cmcn|s, vhc|hcr ouc |o freuo or crror.
ln me||n |hosc r|s| esscssmcn|s, |hc euo||or cons|ocrs |n|crne| con|ro| rc|cven|
|o |hc Compeny's prcpere||on eno fe|r prcscn|e||on of |hc nnenc|e| s|e|cmcn|s |n
orocr |o ocs|n euo|| proccourcs |he| erc eppropr|e|c |n |hc c|rcums|enccs. /n
euo|| e|so |nc|uocs cve|ue||n |hc eppropr|e|cncss of eccoun||n po||c|cs usco eno
|hc rcesonec|cncss of |hc eccoun||n cs||me|cs meoc cy menecmcn|, es vc|| es
cve|ue||n |hc ovcre|| prcscn|e||on of |hc nnenc|e| s|e|cmcn|s.
\c cc||cvc |he| |hc euo|| cv|ocncc vc hevc oc|e|nco |s sufnc|cn| eno eppropr|e|c
|o prov|oc e ces|s for our euo|| op|n|on.
ln our op|n|on eno |o |hc ccs| of our |nforme||on eno eccoro|n |o |hc cxp|ene||ons
|vcn |o us |hc nnenc|e| s|e|cmcn|s, rceo v||h po|n| 3 cc|ov, |vc |hc |nforme||on
rcqu|rco cy |hc /c| |n |hc menncr so rcqu|rco eno |vc e |ruc eno fe|r v|cv |n
conform||y v||h |hc eccoun||n pr|nc|p|cs cncre||y ecccp|co |n lno|e,
,e) ln |hc cesc of be|encc shcc|, of |hc s|e|c of effe|rs of |hc Compeny es e| 31
s|
Verch 2O13,
,c) ln |hc cesc of |hc S|e|cmcn| of |ron| eno |oss, of |hc |oss for |hc ycer cnoco
on |he| oe|c, eno
,c) ln |hc cesc of |hc Cesh ||ov S|e|cmcn|, of |hc cesh novs for |hc ycer cnoco on
|he| oe|c.
1. /s rcqu|rco cy |hc Compen|cs ,/uo||or's |cpor|) Orocr, 2OO3 ,|hc Orocr')
|ssuco cy |hc Ccn|re| Govcrnmcn| |n |crms of suc-scc||on ,4/) of scc||on 227
of |hc /c|, vc |vc |n |hc /nncxurc e S|e|cmcn| on |hc me||crs spcc|nco |n
perereph 4 eno 5 of |hc Orocr.
2. /s rcqu|rco cy scc||on 227,3) of |hc /c|, vc rcpor| |he|:
e) \c hevc oc|e|nco e|| |hc |nforme||on eno cxp|ene||ons vh|ch |o |hc ccs|
of our |nov|coc eno cc||cf vcrc ncccssery for |hc purposc of our euo||,
c) ln our op|n|on propcr coo|s of eccoun|s es rcqu|rco cy |ev hevc cccn
|cp| cy |hc Compeny so fer es eppcers from our cxem|ne||on of |hosc
coo|s,
c) hc be|encc Shcc|, S|e|cmcn| of |ron| eno |oss, eno Cesh ||ov S|e|cmcn|
oce|| v||h cy |h|s |cpor| erc |n erccmcn| v||h |hc coo|s of eccoun|,
o) ln our op|n|on, |hc be|encc Shcc|, S|e|cmcn| of |ron| eno |oss, eno Cesh
||ov S|e|cmcn| comp|y v||h |hc /ccoun||n S|enoeros rcfcrrco |o |n suc-
37
th
scc||on ,3C) of scc||on 211of |hc Compen|cs /c|, 195o, cxccp| for ||cms
covcrco cy po|n| 3 cc|ov,
c) bc|n e Govcrnmcn| Compeny, pursuen| |o |hc |o||nce||on |o. GS|
829,|) oe|co 17.O7.2OO3 |ssuco cy Govcrnmcn| of lno|e, prov|s|ons of
c|eusc ,) of suc-scc||on ,1) of scc||on 274 of |hc Compen|cs /c|, 195o,
erc no| epp||cec|c |o |hc Compeny,
f) S|ncc |hc Ccn|re| Govcrnmcn| hes no| |ssuco eny no||nce||on es |o |hc re|c
e| vh|ch |hc ccss |s |o cc pe|o unocr scc||on 441/ of |hc Compen|cs /c|,
195o nor hes || |ssuco eny |u|cs unocr |hc se|o scc||on, prcscr|c|n |hc
menncr |n vh|ch such ccss |s |o cc pe|o, no ccss |s ouc eno peyec|c cy
|hc Compeny.
3. /||cn||on |s orevn |o:
e) hc compeny's /ccoun||n po||cy |o. 5.1.1 of rccon|s|n rcvcnuc from
|rocc| Venecmcn| Scrv|ccs for |hc scrv|cc chercs e|onc |s |n e||nmcn|
v||h en cxpcr| op|n|on from lC/l on |hc me||cr vh|ch s|e|cs |he| |hc
|rocc| Venecmcn| Scrv|ccs rcnocrco cy |hc compeny erc covcrco
unocr |hc scopc of /ccoun||n S|enoero-7, yc| |hc |ncomc from |hc semc
nccos |o cc rccon|sco on|y for |hc scrv|cc chercs e|onc. \c erc no| |n
erccmcn| v||h |hc se|o |xpcr| Op|n|on es /S-7 oocs no| prcscr|cc eny
rcvcnuc rccon|||on on nc| ces|s for e cons|ruc||on con|rec|, |ns|ceo || hes
|o cc on ross ces|s.
c) hc fec| |he| |cchn|ce| cs||me|cs for |hc purposc of mcesurcmcn| of
|ncomc es ccr||nco cy |hc menecmcn| hevc cccn rc||co upon cy us,
c) |o|c 17 ,e) eno 17,c) |o |hc ||nenc|e| S|e|cmcn|s, |n rcspcc| of |mp|oycc
bcncn|s, eccoro|n |o vh|ch ` 4,15,4O,924.OO cc|n supcrennue||on
prov|s|on for |./. 2O12-13 eno ` 1O,71,78,o72.OO cc|n o|ffcrcncc |overos
supcrennue||on ||ec||||y of cer||cr ycers s|ncc |./. 2OOo-O7 |||| 2O11-12 hevc
cccn prov|oco for |n |hc eccoun|s of |hc currcn| ycer. /ccoro|n |o |hc
eccoun||n po||cy |n rcspcc| of |mp|oycc bcncn|s, s|e|co |n |o|c 1 |o
||nenc|e| s|e|cmcn|s - |erereph 5.2.8, supcrennue||on eno prov|ocn| funo
||ec|||||cs erc e||oce|co eno cherco |o |hc compeny cy ||s percn| |c ||C
||., eccoro|n |o |hc corpore|c po||cy. bo|h |hcsc ||ec|||||cs erc ocnnco
ccncn| ||ec|||||cs eccoro|n |hc schcmcs |n forcc. |ovcvcr |hc mc|hoo
of o|sc|osurc meoc |n |hc nnenc|e| s|e|cmcn|s erc no| |n comp||encc of
perereph 33-35 of /S 15.
Cher|crco /ccoun|en|s
||rm's |c. |o. OO2511|
,C/. |emcsh |umer)
||ecc : |cv |c|h| ,|er|ncr)
|e|c : 29
|h
/pr||, 2O13 Vcmccrsh|p |o.: 5O3354
ANNEXURE TO THE AUDITORS REPORT
,|cfcrrco |o |n perereph 1 of our rcpor| of cvcn oe|c on |hc s|e|cmcn| of eccoun|s
of V/s ||C ||cc|r|c Supp|y Compeny ||o., |cv |c|h| for |hc ycer cnoco on 31
s|

Verch 2O13)
,|) ,e) hc Compeny hes me|n|e|nco propcr rccoros shov|n fu|| per||cu|ers
|nc|uo|n quen|||e||vc oc|e||s eno s||ue||on of nxco essc|s.
,c) hc nxco essc|s of |hc Compeny erc vcr|nco cy |hc menecmcn| e|
|hc |n|crve|s of |vo ycers. |hys|ce| vcr|nce||on of nxco essc|s hes cccn
cerr|co ou| cy en |n|crne| comm|||cc, eppo|n|co for |hc purposc, vh|ch
|s |n our op|n|on cons|ocrco rcesonec|c hev|n rcero |o |hc s|zc eno
ne|urc of ||s essc|s. |o me|cr|e| o|scrcpenc|cs vcrc no||cco on such
vcr|nce||on.
,c) ln our op|n|on eno eccoro|n |o |hc cxp|ene||ons |vcn |o us, |hcrc |s no
o|spose| of nxco essc|s our|n |hc ycer.
,||) hc Compeny oocs no| hevc eny |nvcn|ory. Conscqucn||y, c|euscs ,||),e) |o ,||)
,c) of perereph 4 of |hc Orocr erc no| epp||cec|c.
,|||) /ccoro|n |o |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes no|
ren|co or |e|cn eny sccurco or unsccurco |oens, |o compen|cs, nrms or o|hcr
per||cs covcrco |n |hc rc|s|cr me|n|e|nco unocr scc||on 3O1 of |hc Compen|cs
/c|, 195o. Conscqucn||y, c|euscs ,|||),e) |o ,) of perereph 4 of |hc Orocr erc
no| epp||cec|c.
,|v) ln our op|n|on eno eccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us,
|hcrc |s eocque|c |n|crne| con|ro| sys|cm commcnsure|c v||h |hc s|zc of |hc
Compeny eno ne|urc of ||s cus|ncss for purchesc of nxco essc|s eno for se|c of
scrv|ccs. |ur|n |hc coursc of our euo||, vc hevc no| ocscrvco eny con||nu|n
fe||urc |o corrcc| meor vce|ncsscs |n |n|crne| con|ro| sys|cms.
,v) ,e) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, vc erc of
|hc op|n|on |he| |hcrc erc no con|rec|s or errencmcn| of |hc Compeny,
rcfcrrco |o |n Scc||on 3O1 of |hc Compen|cs /c|, 195o, vh|ch rcqu|rcs |o
cc cn|crco |n |hc rc|s|cr rcqu|rco |o cc me|n|e|nco unocr |he| scc||on.
ln v|cv of ,v),e) ecovc, |hc c|eusc ,v),c) of perereph 4 of |hc Orocr |s
no| epp||cec|c.
,v|) hc Compeny hes no| ecccp|co eny puc||c ocpos||s our|n |hc ycer.
,v||) ln our op|n|on, |hc Compeny hes en |n|crne| euo|| sys|cm commcnsure|c v||h
|hc s|zc eno ne|urc of ||s cus|ncss.
,v|||) hc me|n|cnencc of cos| rccoros unocr scc||on 2O9,1) ,o) of |hc Compen|cs
/c| 195o |s no| epp||cec|c |o |hc Compeny, es |hc Compeny hes no|
commcncco eny ec||v|||cs rc|e|co |o o|s|r|cu||on of c|cc|r|c||y.
,|x) ,e) hc Compeny hes cccn cncre||y rcu|er |n ocpos|||n uno|spu|co
s|e|u|ory oucs |nc|uo|n lncomc ex, Se|cs ex, \ce||h ex, Scrv|cc
|ex, Cus|om ou|y, |xc|sc ou|y, Ccss eno o|hcr s|e|u|ory oucs, v||h
eppropr|e|c eu|hor|||cs bc|n e vho||y ovnco sucs|o|ery of V/s ||C
||o. e|| |hc cmp|oyccs erc on scconomcn| ces|s, |hcrcforc |rov|ocn|
funo on |hc|r se|er|cs |s cc|n ocpos||co cy |hc ho|o|n compeny.
,c) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hcrc erc
no uno|spu|co s|e|u|ory oucs ou|s|eno|n for e pcr|oo of morc |hen s|x
mon|hs from |hc oe|c |hcy cccemc peyec|c, es pcr coo|s of eccoun|s
es e| 31
s|
Verch, 2O13.
o|spu|co s|e|u|ory oucs, vh|ch hevc no| cccn ocpos||co es on 31
s|
Verch, 2O13 es |vcn hcrc|n cc|ov:
Statue Nature of
Dues
Amount (`) Forum where disputes
are pending
lncomc ex
/c|, 19o1
|S on pcr|s
lncomc ex
49,85,28o/- ||h Cour|, /||eheceo
||nencc /c|,
1994
Scrv|cc ex
on |cpos||
vor|s
4o2,15,O7,284/- C|S/, |c|h|
,x) hc Compeny hes no eccumu|e|co |osscs es e| |hc cno of |hc rc|cven| ycer eno
|mmco|e|c|y prccco|n nnenc|e| ycer. hc compeny hes |ncurrco cesh |osscs
our|n |hc nnenc|e| ycer covcrco cy our euo||.
,x|) hc Compeny hes no| |e|cn eny |oens from eny nnenc|e| |ns|||u||on, cen| or cy
vey of |ssuc of occcn|urcs. Conscqucn||y c|eusc ,x|) of perereph 4 of Orocr
|s no| epp||cec|c.
,x||) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes
no| ren|co |oens eno eovenccs on |hc ces|s of sccur||y cy vey of p|coc of
shercs, occcn|urcs eno o|hcr sccur|||cs.
,x|||) hc Compeny |s no| e ch|| funo or e n|oh| / mu|ue| ccncn| funo / soc|c|y.
hcrcforc, c|eusc ,x|||) of perereph 4 of Orocr |s no| epp||cec|c |o |hc
Compeny.
,x|v) hc Compeny |s no| oce||n |n or |reo|n |n shercs, sccur|||cs, occcn|urcs eno
o|hcr |nvcs|mcn|s. Conscqucn||y, c|eusc ,x|v) of perereph 4 of |hc Orocr |s
no| epp||cec|c |o |hc Compeny.
37
th
,xv) hc Compeny hes no| |vcn eny ueren|ccs for |oens |e|cn cy o|hcrs from
cen|s or nnenc|e| |ns|||u||ons.
,xv|) hc Compeny hes no| re|sco eny |crm |oens.
,xv||) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes
no| re|sco eny shor| |crm or |on-|crm funos.
,xv|||) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes
no| meoc prcfcrcn||e| e||o|mcn| of shercs |o compen|cs, nrms or o|hcr per||cs
covcrco |n |hc rc|s|cr me|n|e|nco unocr Scc||on 3O1 of |hc Compen|cs /c|,
195o.
,x|x) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes
no| |ssuco eny occcn|urcs our|n |hc ycer.
,xx) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes
no| re|sco moncy |hrouh e puc||c |ssuc our|n |hc ycer.
,xx|) o |hc ccs| of our |nov|coc eno cc||cf eno eccoro|n |o |hc |nforme||on eno
cxp|ene||ons |vcn |o us, vc rcpor| |he| no freuo on or cy |hc Compeny hes
cccn no||cco or rcpor|co our|n |hc ycer.
||rm's |c. |o. OO2511|
,C/. |emcsh |umer)
||ecc : |cv |c|h| ,|er|ncr)
|e|c : 29
|h
/pr||, 2O13 Vcmccrsh|p |o.: 5O3354
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 619 (4) OF THE COMPANIES ACT, 1956, ON THE ACCOUNTS OF NTPC
ELECTRIC SUPPLY COMPANY LIMITED, NEW DELHI FOR THE YEAR ENDED 31 MARCH 2013.
hc prcpere||on of nnenc|e| s|e|cmcn|s of ||C ||cc|r|c Supp|y Compeny ||m||co, |cv |c|h| for |hc ycer cnoco 31 Verch 2O13 |n eccoroencc v||h |hc nnenc|e| rcpor||n
fremcvor| prcscr|cco unocr |hc Compen|cs /c|, 195o |s |hc rcspons|c||||y of |hc Venecmcn| of |hc Compeny. hc S|e|u|ory /uo||ors eppo|n|co cy |hc Comp|ro||cr eno
/uo||or Gcncre| of lno|e unocr Scc||on o19,2) of |hc Compen|cs /c|, 195o erc rcspons|c|c for cxprcss|n op|n|on on |hcsc nnenc|e| s|e|cmcn|s unocr Scc||on 227 of |hc
Compen|cs /c|, 195o cesco on |nocpcnocn| euo|| |n eccoroencc v||h |hc euo|||n eno essurencc s|enoeros prcscr|cco cy |hc|r profcss|one| cooy, |hc lns|||u|c of Cher|crco
/ccoun|en|s of lno|e. h|s |s s|e|co |o hevc cccn oonc cy |hcm v|oc |hc|r /uo|| |cpor| oe|co 29 /pr|| 2O13.
l, on cche|f of |hc Comp|ro||cr eno /uo||or Gcncre| of lno|e, hevc conouc|co e supp|cmcn|ery euo|| unocr Scc||on o19 ,3) ,c) of |hc Compen|cs /c|, 195o of |hc nnenc|e|
s|e|cmcn|s of ||C ||cc|r|c Supp|y Compeny ||m||co, |cv |c|h| for |hc ycer cnoco 31 Verch 2O13. h|s supp|cmncn|ery euo|| hes cccn cerr|co ou| |nocpcnocn||y v||hou|
ecccss |o |hc vor||n pepcrs of |hc S|e|u|ory /uo||ors eno |s ||m||co pr|mer||y |o |nqu|r|cs of |hc S|e|u|ory /uo||ors eno compeny pcrsonnc| eno e sc|cc||vc cxem|ne||on of
somc of |hc eccoun||n rccoros. On |hc ces|s of my euo|| no|h|n s|n|ncen| hes comc |o my |nov|coc vh|ch vou|o |vc r|sc |o eny commcn| upon or supp|cmcn| |o
S|e|u|ory /uo||ors' rcpor| unocr Scc||on o19 ,4) of |hc Compen|cs /c|, 195o.
||ecc: |cv |c|h|
|e|co: 25 !unc, 2O13
|or eno on cche|f of |hc
,br| Vohen)
|r|nc|pe| ||rcc|or of Commcrc|e| /uo|| & |x-ofnc|o Vcmccr,
/uo|| boero-lll, |cv |c|h|
37
th
NTPC HYDRO LIMITED
,/ vho||y-ovnco sucs|o|ery of ||C ||m||co)
DIRECTORS REPORT
o
hc Vcmccrs,
/our ||rcc|ors hevc p|cesurc |n prcscn||n |hc|r 11
|h
/nnue| |cpor| on |hc
pcrformencc of |hc Compeny for |hc nnenc|e| ycer cnoco 31
s|
Verch, 2O13 |oc|hcr
v||h |hc /uo||co /ccoun|s eno /uo||ors' |cpor| |hcrcon.
OPERATIONAL REVIEW
/our Compeny |s prcscn||y cxccu||n |vo procc|s nemc|y, |e|e epoven |yoro
||cc|r|c |rocc| ,171 V\), |oce|co |n Chemo|| ||s|r|c| of 0||ere|heno eno |emmem
|yoro ||cc|r|c |rocc|, S|ec lll ,12O V\) |oce|co |n |ercc||n ||s|r|c| of \cs|
bcne|.
|e|e epoven ||| |s cc|n ocvc|opco es e rc|one| povcr s|e||on v||h 12% frcc
povcr |o |hc S|e|c of 0||ere|heno for vh|ch e|| rcqu|s||c s|e|u|ory c|cerenccs hevc
cccn oc|e|nco eno phys|ce| posscss|on of |eno rcqu|rco for |hc procc| hes e|so
cccn oc|e|nco. |emmem |||, S|ec lll |s cc|n ocvc|opco for |hc ccncn| of \cs|
bcne| eno S||||m. /|| rcqu|s||c s|e|u|ory c|cerenccs eno phys|ce| posscss|on of |eno
hevc cccn oc|e|nco. lnfres|ruc|urc |cvc|opmcn| ec||v|||cs |||c cons|ruc||on of
epproech roeo eno cr|ocs erc unocr prorcss.
/our Compeny hes everoco C|v|| |yoro Vcchen|ce| |ec|ec eno ||cc|ro Vcchen|ce|
\or|s ||C Con|rec| |ec|ec for |e|e epoven |||. |ec|ecs for |emmem ||| erc
unocr ver|ous s|ecs of c|oo|n. bo|h procc|s erc s|e|co for comm|ss|on|n our|n
|hc 13
|h
p|en pcr|oo.
\||h e v|cv |o rcoucc cn|||y cos|s, syncry of opcre||on, rcouc||on |n ovcrhceo
cxpcno||urc, cnhencco cfnc|cncy, cc||cr eom|n|s|re||vc con|ro| eno op||mum
u||||ze||on of rcsourccs, |hc boero of ||rcc|ors |n ||s 3o
|h
mcc||n hc|o on |cccmccr
17, 2O1O heo eccoroco |n-pr|nc|p|c epprove| for mcrcr of ||C |yoro ||m||co
,|||) v||h ||C ||m||co.
/f|cr epprove| of V|n|s|ry of |ovcr, |n eccoroencc v||h |hc prov|s|on of Scc||on 391
of |hc Compen|cs /c|, 195o e pc||||on ves n|co v||h V|n|s|ry of Corpore|c /ffe|rs
,VC/), Govcrnmcn| of lno|e for epprove| of |hc Schcmc. VC/ v|oc orocr oe|co 2O
|h

|cccmccr, 2O12 rceo v||h orocr oe|co 21
s|
!enuery, 2O13, heo o|rcc|co convcn|n
|hc mcc||n of |hc Shercho|ocrs of |hc Compeny, vh|ch ves hc|o on 24
|h
Vey, 2O13
eno |hc Schcmc ves epprovco cy |hc rcqu|s||c meor||y. VC/ |s cc|n epproechco
for nxe||on for nne| oe|c of hcer|n of pc||||on.
FINANCIAL REVIEW
,`. |n Crorc)
Particulars F/Y 2012-13 F/Y 2011-12
|e|o-up Sherc Cep||e| 121.3o 121.3o
Sherc Cep||e| |cpos|| |cno|n /||o|mcn| O.2O O.2O
||xco /ssc|s ,|c|) 32.75 22.38
Cep||e| \or| |n prorcss 9o.44 8o.24
|ur|n |hc nnenc|e| ycer 2O12-13, |n orocr |o mcc| |hc funos rcqu|rcmcn|, |hc
Compeny hes corrovco |n|crcs| frcc unsccurco |oen of ` 32.27 crorc from |hc
ho|o|n Compeny |.c. ||C ||m||co.
MANAGEMENT DISCUSSION & ANALYSIS
Venecmcn| ||scuss|on & /ne|ys|s for |hc ycer unocr rcv|cv es s||pu|e|co unocr |hc
prov|s|ons of |hc ||| Gu|oc||nc on Corpore|c Govcrnencc |s cnc|osco es /nncxurc-l.
FIXED DEPOSITS
31
s|
Verch, 2O13.
AUDITORS REPORT
hc Comp|ro||cr eno /uo||or Gcncre| of lno|e ,C&/G) v|oc |c||cr |o. C/. v/CO//
C|||/| GOv., |||/| ,1) / ooO oe|co 24.O8.2O12 hes eppo|n|co V/s |oh|es &
|ens, Cher|crco /ccoun|en|s es |hc S|e|u|ory /uo||ors of |hc Compeny for |hc
nnenc|e| ycer 2O12-13. V/s |oh|es & |ens hes conouc|co s|e|u|ory euo|| of |hc coo|s
of eccoun|s for |hc nnenc|e| ycer 2O12-13. Copy of /uo|| |cpor| |s eppcnoco v||h
|hc ||nenc|e| S|e|cmcn|s.
COMPTROLLER & AUDITOR GENERAL REVIEW
/s pcr Scc||on o19 ,3) ,c) of |hc Compen|cs /c|, 195o, Supp|cmcn|ery /uo|| of
nnenc|e| s|e|cmcn|s of |hc Compeny for |hc ycer cnoco on 31
s|
Verch, 2O13 ves
conouc|co cy |hc Comp|ro||cr eno /uo||or Gcncre| of lno|e ,C&/G). C&/G v|oc
|c||cr oe|co o
|h
!unc, 2O13 hevc commun|ce|co |he| on |hc ces|s of euo|| no|h|n
s|n|ncen| ves no||cco |v|n r|sc |o eny commcn| upon or supp|cmcn| |o S|e|u|ory
/uo||ors' rcpor| unocr Scc||on o19,4) of |hc Compen|cs /c|, 195o. Copy of |hc |c||cr
rccc|vco from C&/G |s p|ecco ef|cr |hc rcpor| of |hc S|e|u|ory /uo||ors.
BOARD OF DIRECTORS
|rcscn||y, |hc boero of ||rcc|ors compr|scs |r. /rup |oy Chouohury, Che|rmen eno
S/Shr| /.|. S|nhe|, b.|.S|nh, /.|.!he, ||rcc|ors of |hc Compeny.
/s pcr |hc prov|s|ons of |hc Compen|cs /c|, 195o, Shr| b.|.S|nh, ||rcc|or she|| rc||rc
cy ro|e||on e| |hc cnsu|n /nnue| Gcncre| Vcc||n of |hc Compeny eno cc|n
c|||c|c offcrs h|msc|f for rc-eppo|n|mcn|.
|ur|n |hc nnenc|e| ycer 2O12-13, four mcc||ns of |hc boero of ||rcc|ors vcrc hc|o
on 3
ro
Vey, 2O12, 17
|h
!u|y, 2O12, 2O
|h
|ovcmccr, 2O12 eno 19
|h
|ccruery, 2O13
rcspcc||vc|y.
AUDIT COMMITTEE
/s pcr |hc prov|s|ons of Scc||on 292/ of |hc Compen|cs /c|, 195o, your Compeny
hes cons|||u|co en /uo|| Comm|||cc of |hc boero of ||rcc|ors. |rcscn||y, |hc /uo||
Comm|||cc compr|scs Shr| /.|. S|nhe|, Shr| b.|.S|nh eno Shr| /.|.!he, ||rcc|ors of
|hc Compeny.
|ur|n |hc ycer unocr rcv|cv |vo mcc||ns of |hc /uo|| Comm|||cc vcrc hc|o on 3
ro
Vey, 2O12 eno 2O
|h
|ovcmccr, 2O12 rcspcc||vc|y.
|er||cu|ers of cmp|oyccs, hev|n cern|n ovcr |hc emoun| spcc|nco unocr Scc.
217,2/) of Compen|cs /c|, 195o rceo v||h |hc Compen|cs ,|er||cu|ers of |mp|oyccs)
|u|cs, 1975, erc es unocr:
|mp|oyco for |er| of |hc /cer:
|emc |cs|ne||on
eno |e|urc
of ou||cs
|cmu-
ncre||on
,`.)
Oue||nce||on |e|c of
Commcncc-
mcn| of
|mp|oymcn|
|xp.
,/rs)
/c
,/rs)
|es|
|mp|oy-
mcn|
hc|o
|cmer|s
Shr| S.V.|eq /GV ,C|v||)
|emmem-lll
4359137 b.Sc. ,|n.),
C|v||
12.1O.1981 32 oO - Supcren-
nue|co on
3O.11.2O12
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN
EXCHANGE EARNING & OUTGO
S|ncc |hc procc|s unocr|e|cn cy |hc Compeny erc |n |mp|cmcn|e||on s|ecs, |hcrc
erc no s|n|ncen| per||cu|ers rc|e||n |o conscrve||on of cncry & |cchno|oy
ecsorp||on es rcqu|rco |o cc |vcn unocr |hc Compen|cs ,||sc|osurc of |er||cu|ers |n
|hc |cpor| of boero of ||rcc|ors) |u|c, 1988.
|ur|n |hc pcr|oo unocr rcv|cv, |hcrc ves e peymcn| of `1,78,33,2O1 ,0S$ 3,28,859)
|o bhere| |cevy ||cc|r|ce|s ||m||co ,b|||) |n rcspcc| of ||cc|ro Vcchen|ce| ||C
|ec|ec, hovcvcr, |hcrc ves no cern|n |n forc|n currcncy.
|ursuen| |o Scc||on 217,2//) of |hc Compen|cs /c| 195o, your ||rcc|ors connrm
|he|:
1. |n |hc prcpere||on of |hc /nnue| /ccoun|s for |hc nnenc|e| ycer cnoco 31
s|
Verch,
2O13, |hc epp||cec|c eccoun||n s|enoeros hevc cccn fo||ovco e|on v||h
propcr cxp|ene||on rc|e||n |o me|cr|e| ocper|urcs,
2. |hc ||rcc|ors hevc sc|cc|co such eccoun||n po||c|cs eno epp||co |hcm
cons|s|cn||y, eno meoc uomcn|s eno cs||me|cs |he| erc rcesonec|c eno pruocn|
so es |o |vc e |ruc eno fe|r v|cv of |hc s|e|c of effe|rs of |hc compeny es e| 31
s|
Verch, 2O13 eno of |hc |oss of |hc Compeny for |hc se|o pcr|oo,
3. |hc ||rcc|ors heo |e|cn propcr eno sufnc|cn| cerc for |hc me|n|cnencc of
eocque|c eccoun||n rccoros |n eccoroencc v||h |hc prov|s|ons of |hc Compen|cs
/c|, 195o, for sefcuero|n |hc essc|s of |hc Compeny eno for prcvcn||n eno
oc|cc||n freuo eno o|hcr |rrcu|er|||cs, eno
4. |hc ||rcc|ors heo prcperco |hc ennue| eccoun|s for |hc nnenc|e| ycer cnoco 31
s|
Verch, 2O13, ono|n conccrn ces|s.
ACKNOWLEDGEMENT
hc boero of ||rcc|ors v|shcs |o p|ecc on rccoro ||s epprcc|e||on for |hc suppor|
eno co-opcre||on cx|cnoco cy |hc ||C ||m||co, |hc ho|o|n Compeny, V|n|s|ry of
|ovcr & o|hcr ecnc|cs of Gov|. of lno|e, Gov|. of 0||re|heno, Gov|. of \cs| bcne|,
Gov|. of S||||m, /uo||ors, ben|crs eno cmp|oyccs of |hc Compeny.
||ecc : |cv |c|h| (Dr. Arup Roy Choudhury)
|e|co : 23 !u|y, 2O13 Chairman
NTPC HYDRO LIMITED
37
th
ANNEXURE-I TO DIRECTORS REPORT
I. INDUSTRY STRUCTURE AND DEVELOPMENT
||cc|r|c povcr p|eys en |mpor|en| ro|c |n |hc rov|h of en cconomy. hc lno|en
povcr scc|or hes sccn sucs|en||e| rov|h s|ncc |nocpcnocncc eno es on 31
s|
Verch,
2O13, |hc |o|e| |ns|e||co cepec||y |n lno|e ves 223343.oO V\ ou| of vh|ch, sherc of
hcrme|, |yoro, |uc|cer eno |cncvec|c cncry sourccs vcrc es fo||ovs:
Installed
Capacity
hcrme| 15153O.49
|uc|cer 478O.OO
|yoro 39491.4O
|cncvec|c
|ncry
27541.71
Total 223343.60
Sourcc: Ccn|re| ||cc|r|c||y /u|hor||y
ln e|| sourccs of cncre||on of povcr, |yoro |ovcr hes cccn |ocn||nco es e rc||ec|c,
efforoec|c eno cnv|ronmcn| fr|cno|y sourcc of povcr. /s pcr |hc rc-esscssmcn|
s|uo|cs oonc cy Ccn|re| ||cc|r|c||y /u|hor||y |n |hc ycer 1987, our coun|ry hes cccn
cnoovco v||h cnormous hyoro povcr po|cn||e| |.c. 84OOO V\ e| oO% |oeo fec|or.
|ovcvcr, es on 31
s|
Verch, 2O13, |ns|e||co cepec||y of hyoro c|cc|r|c procc|s |n
lno|e ves on|y 39491.4O V\.
II. STRENGTHS
hc Compeny |s prcscn||y cxccu||n |vo procc|s nemc|y, |e|e epoven |yoro
||cc|r|c |rocc| ,171 V\), |oce|co |n Chemo|| ||s|r|c| of 0||ere|heno eno |emmem
|yoro ||cc|r|c |rocc|, S|ec lll ,12O V\) |oce|co |n |ercc||n ||s|r|c| of \cs|
bcne|. hc Compeny hes rccc|vco e|| s|e|u|ory c|cerenccs for co|h procc|s eno
hes everoco C|v|| |yoro Vcchen|ce| |ec|ec eno ||cc|ro Vcchen|ce| \or|s ||C
Con|rec| |ec|ec for |e|e epoven |||. |ec|ecs for |emmem ||| erc unocr ver|ous
s|ecs of c|oo|n. bo|h procc|s erc s|e|co for comm|ss|on|n our|n |hc 13
|h
p|en
pcr|oo.
hc Compeny hes cn|crco |n|o |ovcr |urchesc /rccmcn|s, for |e|e epoven
|yoro ||cc|r|c |rocc| vh|ch prov|oc for opcn|n of |c||cr of Crco||, |cfeu|| |scrov
/rrencmcn| eno nrs| cherc on |hc lncrcmcn|e| rccc|vec|cs v||h e v|cv |o sccurc
rce||ze||on of peymcn|. |ovcr |urchesc /rccmcn| for |emmem |yoro ||cc|r|c
|rocc| v||h \cs| bcne| ||cc|r|c||y boero hes cccn nne||zco eno |||c|y |o cc s|nco
soon.
III. OPPORTUNITIES
\||h e v|cv |o mcc| |hc rov|n ocmeno of povcr, |n rcccn| ycers, |hc
Govcrnmcn| of lno|e ,GOl) hes eccoroco e h|h pr|or||y |o |hc ocvc|opmcn|
of |yoro |o|cn||e| |n |hc coun|ry eno Govcrnmcn| hes |e|cn e numccr of po||cy
|n|||e||vcs |o eoorcss |hc |ssucs |mpco|n |hc ocvc|opmcn| of |yoro |ovcr.
ver|ous rcforms eno |n|||e||vcs |||c ren||n s|uoy of po|cn||e| hyoro s||cs cy C|/,
5OOOO V\ |yoro ||cc|r|c |n|||e||vcs, |e||one| \e|cr |o||cy, |yoro |o||cy-2OO8 c|c.
hevc cccn |e|cn cy |hc GOl |o eccc|cre|c ocvc|opmcn| of |yoro |ovcr |n |hc
Coun|ry eno |o eoorcss ver|ous proc|cms vh|ch hevc |mpcoco |hc ocvc|opmcn|
of |yoro |ovcr from ||mc |o ||mc.
IV. OUTLOOK
lno|e |s cnoovco v||h cconom|ce||y cxp|o||ec|c eno v|ec|c hyoro po|cn||e|
esscssco |o cc ecou| 84OOO V\ e| oO% |oeo fec|or ,1487O1 V\ |ns|e||co cepec||y).
ln eoo|||on, o78O V\ |n |crms of |ns|e||co cepec||y from Sme||, V|n|, eno V|cro
|yoc| schcmcs hevc cccn esscssco. |ovcvcr, prcscn||y |ns|e||co cepec||y of |yoro
|ovcr of |hc coun|ry |s 39491.4O V\ on|y. hcrcforc, |hcrc |s huc po|cn||e| |n |hc
erces of |yoro |ovcr vh|ch |s yc| |o cc herncssco.
V. RISK & CONCERNS/WEAKNESSES/ THREATS
|ur|n |hc ycer 2O12-13, |hcrc ves en |ncrcesc of epprox. 12% |n |o|e| |ns|e||co
cepec||y |n |hc coun|ry. |ovcvcr, |hcrc ves en |ncrcesc of on|y 1.3% |n hyoro
povcr. |nv|ronmcn|e| & |orcs| C|cerencc, |ec| of |nfres|ruc|urc fec|||||cs |||c
roeos & cons|ruc||on povcr, |ssucs rc|e||n |o |eno ecqu|s|||on eno |chec||||e||on
& |csc|||cmcn|, eppor||onmcn| of ce|chmcn| erce |rce|mcn| emon ver|ous
ccncnc|er|cs c|c. erc somc of |hc erces of conccrn vh|ch hevc merrco ocvc|opmcn|
of |yoro |ovcr |n |hc coun|ry. ln eoo|||on |o ecovc, hyoroc|cc|r|c povcr p|en|
hes comp|cx s|ruc|urcs eno |nvo|vcs |erc emoun|s of cep||e| v||h e |on cs|e||on
pcr|oo. h|s s||ue||on |mposcs unccr|e|n|y fec|ors v||h cons|ocrec|y h|h r|s|s. hc
cons|ruc||on phesc |s |ocn||nco es e cr|||ce| phesc |n hyoropovcr procc|s vhcrc
meny unforcsccn fec|ors such es co|o|ce| surpr|scs occur.
VI. INTERNAL CONTROL SYSTEM
hc Compeny hes eocque|c ln|crne| Con|ro| sys|cm e| ||s procc|s eno
eom|n|s|re||vc ofnccs. hc Compeny |s fo||ov|n ocnnco Schcmc of |c|ce||on
of |ovcr for ||s cmp|oyccs. ln orocr |o cnsurc |he| e|| chcc|s eno ce|enccs eno
|n|crne| con|ro|s erc |n orocr, |n|crne| euo|| of e|| procc|s eno eom|n|s|re||vc
ofnccs erc cerr|co ou| cy |nocpcnocn| nrms of Cher|crco /ccoun|en|s eno
nno|ns of ln|crne| /uo||ors erc p|ecco ccforc |hc /uo|| Comm|||cc of |hc boero.
|ur|hcr, cc|n e vho||y ovnco sucs|o|ery of ||C, |hc |n|crne| con|ro| mcchen|sm
of |hc Compeny |s e|so succc| |o rcv|cv pcr|oo|ce||y cy |hc ln|crne| /uo||
|cper|mcn| of |hc ||C ||m||co.
VII. FINANCIAL PERFORMANCE
ln v|cv of ono|n eme|eme||on, |hcrc ves no chenc |n |hc pe|o up sherc cep||e|
of |hc Compeny. |ur|n |hc nnenc|e| ycer 2O12-13, |hcrc erc eoo|||on of ` 1O.37
crorc |n nxco essc|s eno eoo|||on of ` 1O.2O crorc |n Cep||e| vor|s |n |rorcss. ln
orocr |o mcc| |hc funo rcqu|rcmcn|, |hc Compeny hes |e|cn |n|crcs| frcc unsccurco
|oen of ` 32.27 crorc from ||C ||m||co.
VIII. HUMAN RESOURCE
|cvc|opmcn| of |umen rcsourcc cy |mper||n |re|n|n |s e con||nuous proccss.
ln |hc Compeny, |hcrc |s e po||cy of |mper||n m|n|mum 7 oeys |re|n|n |n e ycer.
re|n|n prorems erc cncre||y conouc|co |n essoc|e||on v||h |ovcr Venecmcn|
lns|||u|c, onc of |hc |ceo|n |re|n|n |ns|||u|cs |n |ovcr Scc|or.
IX. ENVIRONMENT PROTECTION
/s e rcspons|c|c corpore|c c|||zcn, |hc Compeny |s comm|||co for pro|cc||on of
cnv|ronmcn| eno cco|o|ce| ce|encc |n erces erouno |hc procc|. bo|h procc|s
unocr|e|cn cy |hc Compeny hevc rccc|vco cnv|ronmcn| c|cerenccs from |hc V|n|s|ry
of |nv|ronmcn| & |orcs|s, GOl. hc Compeny hes meoc e|| peymcn|s, vh|ch vcrc
rcqu|rco |o cc meoc for compcnse|ory efforcs|e||on, |o |hc S|e|c Govcrnmcn|s.
X. CAUTIONARY STATEMENT
S|e|cmcn|s |n |hc Venecmcn| ||scuss|on eno /ne|ys|s, ocscr|c|n occc||vcs,
procc||ons eno cs||me|cs, erc forvero-|oo||n s|e|cmcn|s eno prorcss|vc, v||h|n
|hc mcen|n of epp||cec|c sccur||y |evs eno rcu|e||ons. /c|ue| rcsu||s mey very from
|hosc cxprcssco or |mp||co, ocpcno|n upon cconom|c cono|||on, Govcrnmcn|
po||c|cs eno o|hcr |nc|ocn|e|/ rc|e|co fec|ors.
||ecc : |cv |c|h| (Dr. Arup Roy Choudhury)
|e|co : 23 !u|y, 2O13 Chairman
|cncvec|c |ncry 12%
|yoro 18%
|uc|cer 2%
hcrme|
o8% hcrme| |yoro
|uc|cer |cncvec|c |ncry
NTPC HYDRO LIMITED
37
th
Annual Report 2012-2013 1oo
NTPC Hydro Limited
BALANCE SHEET AS AT
,/moun| |n `)
Particulars |o|c 31.03.2013 31.O3.2O12
Shercho|ocrs' funos
Sherc cep||e| 2 1,213,595,000 1,213,595,OOO
|cscrvcs eno surp|us 3 (81,422,821) ,81,391,473)
1,132,172,179 1,132,2O3,527
Share application money pending allotment 4 2,000,000 2,OOO,OOO
O|hcr |on |crm ||ec|||||cs 5 4,140,421 8,495,953
Current liabilities
Shor| |crm corrov|ns o 322,727,111 -
reoc peyec|cs 7 2,240,648 5O7,o11
O|hcr currcn| ||ec|||||cs 8 132,540,959 8,435,o2O
Shor| |crm prov|s|on 9 5,554,132 1O,351,913
463,062,850 19,295,144
TOTAL 1,601,375,450 1,1o1,994,o24
ASSETS
Non-current assets
||xco essc|s
en|c|c essc|s 1O 327,546,385 223,ooo,548
ln|en|c|c essc|s 1O - 84,4oO
Cep||e| vor|-|n-prorcss 11 964,437,463 8o2,434,932
|on-|crm |oens eno eovenccs 12 306,841,634 71,oo7,987
1,598,825,482 1,157,853,927
Current assets
Cesh eno cen| ce|enccs 13 2,524,921 1,887,o25
Shor|-|crm |oens eno eovenccs 14 25,000 2,242,215
O|hcr currcn| essc|s 15 47 1O,857
2,549,968 4,14O,o97
TOTAL 1,601,375,450 1,1o1,994,o24
/s pcr our rcpor| of cvcn oe|c |or eno on cche|f of |hc boero of ||rcc|ors
For Rohtas & Hans
||rms' |cn. |o. O4372|
(Parveen Kumar Singhal) (Manish Kumar) (A.K. Singhal) (Arup Roy Choudhury)
|er|ncr Compeny Sccrc|ery ||rcc|or Che|rmen
Vcmccrsh|p |o. O9O7OO
||ecc : |cv |c|h|
|e|c : 29 /pr||, 2O13
NTPC Hydro Limited
,/moun| |n `)
O|hcr |ncomc 1o - -
Total revenue - -
Expenses
|mp|oycc ccncn| cxpcnsc 17 - -
|cprcc|e||on eno emor||ze||on cxpcnsc 1O - -
Gcncre||on, eom|n|s|re||on & o|hcr cxpcnscs 18 31,348 o4,781
|r|or pcr|oo ||cms ,nc|) 19 - -
Total expenses 31,348 o4,781
Prot / (Loss) before tax (31,348) ,o4,781)
ex cxpcnsc - -
Prot / (Loss) for the year (31,348 ) ,o4,781)
|xpcno||urc |ur|n Cons|ruc||on |cr|oo ,nc|) 2O
|ern|ns pcr cqu||y sherc ,|er ve|uc of `1O/- cech)
bes|c - -
|||u|co - -
hcrc erc no cxccp||one| or cx|reoro|nery ||cms |n ecovc pcr|oos.
For Rohtas & Hans
||rms' |cn. |o. O4372|
||ecc : |cv |c|h|
|e|c : 29 /pr||, 2O13
NTPC Hydro Limited
CASH FLOW STATEMENT FOR THE YEAR ENDED
,/moun| |n `)
Particulars 31.03.2013 31.O3.2O12
A. CASH FLOW FROM
OPERATING ACTIVITIES
|c| |ron| ccforc |ex eno
|r|or |cr|oo /ous|mcn| (31,348) ,o4,781)
Opcre||n |ron| ccforc
\or||n Cep||e| Chencs
/ous|mcn| for :
Currcn| ||ec|||||cs 26,335,483

,1,553,851)
O|hcr |on crm ||ec|||||cs (4,355,532) 2,898,253
|oens eno /ovenccs 2,217,215 ,1,929,9oo)
O|hcr Currcn| /ssc|s 10,810 ,54o)
24,207,976 ,58o,11O)
Net cash ow from
Operating Activities - A 24,176,628 ,o5O,891)
B. CASH FLOW FROM
INVESTING ACTIVITIES
|urchesc of ||xco /ssc|s (346,266,443) ,7O,547,529)
Net cash used in
Investing Activities - B

(346,266,443) ,7O,547,529)
C. CASH FLOW FROM
FINANCING ACTIVITIES
|rocccos from Sherc
Cep||e| |cpos|| - 71,OOO,OOO
borrov|ns from |o|o|n
Co. 322,727,111 -
Net cash ow from
Financing Activities - C 322,727,111 71,OOO,OOO
Net Increase / Decrease
in Cash & Cash
Equivalents (A+B+C) 637,296 ,198,42O)
Cesh & Cesh |qu|ve|cn|s
,Opcn|n be|encc) 1,887,625 2,O8o,O45
Cesh & Cesh |qu|ve|cn|s
,C|os|n be|encc) 2,524,921 1,887,o25
|o|c : 1. Cesh & Cesh cqu|ve|cn|s cons|s|s of ce|enccs v||h cen|s emoun||n
`24,98,29o , |rcv|ous /cer : `18,o1,OOO) eno ocpos||s es sccur||y v||h
s|e|c eu|hor|||cs vh|ch erc no| eve||ec|c for usc `2o,o25 ,|rcv|ous /cer :
` 2o,o25). _ |o|c -13,
2. |rcv|ous ycer nurcs hevc cccn rcroupco / rcerrenco vhcrccvcr
cons|ocrco ncccssery.
hc eccompeny|n no|cs form en |n|cre| per| of |hcsc nnenc|e| s|e|cmcn|s
For Rohtas & Hans
||rms' |cn. |o. O4372|
||ecc : |cv |c|h|
|e|c : 29 /pr||, 2O13
NTPC HYDRO LIMITED
37
th
NOTES ON ACCOUNTS
Note No. 1 SIGNIFICANT ACCOUNTING POLICIES
A. BASIS OF PREPARATION
|nc|uo|n eccoun||n s|enoeros no||nco |hcrc unocr eno |hc |rov|s|ons of |hc
||cc|r|c||y /c|, 2OO3 |o |hc cx|cn| epp||cec|c.
B. USE OF ESTIMATES
|hc rcpor||n pcr|oo. /||houh such cs||me|cs eno essump||ons erc meoc on e
rcesonec|c eno pruocn| ces|s |e||n |n|o eccoun| e|| eve||ec|c |nforme||on,
C. FIXED ASSETS
1. en|c|c /ssc|s erc cerr|co e| h|s|or|ce| cos| |css eccumu|e|co ocprcc|e||on
/ emor||se||on.
2. |xpcno||urc on rcnove||on eno moocrn|se||on of |en|c|c essc|s rcsu|||n
|n |ncrcesco ||fc eno/or cfnc|cncy of en cx|s||n essc| |s eooco |o |hc cos|
of rc|e|co essc|s.
3 ln|en|c|c essc|s erc s|e|co e| |hc|r cos| of ecqu|s|||on |css eccumu|e|co
emor||se||on.
4 Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc Compeny |s rcncc|co es e
o|s||nc| ||cm |n Cep||e| \or|-|n-|rorcss |||| |hc pcr|oo of comp|c||on eno
|hcrcef|cr |n |hc en|c|c /ssc|s.
5 |cpos||s, peymcn|s/||ec|||||cs meoc prov|s|one||y |overos compcnse||on,
rchec||||e||on eno o|hcr cxpcnscs rc|e|ec|c |o |eno |n posscss|on erc
|rce|co es cos| of |eno.
o ln |hc cesc of essc|s pu| |o usc, vhcrc nne| sc|||cmcn| of c|||s v||h
con|rec|ors |s yc| |o cc cffcc|co, cep||e||se||on |s oonc on prov|s|one|
7 /ssc|s eno sys|cms common |o morc |hen onc cncre||n un|| erc
cep||e||sco on |hc ces|s of cn|nccr|n cs||me|cs/esscssmcn|s.
D. CAPITAL WORK-IN-PROGRESS
1. /om|n|s|re||on eno cncre| ovcrhceo cxpcnscs e||r|cu|ec|c |o cons|ruc||on
of nxco essc|s |ncurrco |||| |hcy erc rceoy for |hc|r |n|cnoco usc erc
|ocn||nco eno e||oce|co on e sys|cme||c ces|s |o |hc cos| of rc|e|co essc|s.
2. |cpos|| vor|s/ cos| p|us con|rec|s erc eccoun|co for on |hc ces|s of
s|e|cmcn|s of eccoun| rccc|vco from |hc con|rec|ors.
3. 0nsc|||co ||ec||||y for pr|cc ver|e||on/cxchenc re|c ver|e||on |n cesc of
con|rec|s erc eccoun|co for on cs||me|co ces|s es pcr |crms of |hc
con|rec|s.
E. FOREIGN CURRENCY TRANSACTIONS
1. |orc|n currcncy |rensec||ons erc |n|||e||y rccoroco e| |hc re|cs of cxchenc
ru||n e| |hc oe|c of |rensec||on.
2. /| |hc ce|encc shcc| oe|c, forc|n currcncy monc|ery ||cms erc rcpor|co
us|n |hc c|os|n re|c. |on-monc|ery ||cms ocnom|ne|co |n forc|n
3. |xchenc o|ffcrcnccs er|s|n from sc|||cmcn|/|rens|e||on of |on |crm
forc|n currcncy monc|ery ||cms erc eous|co |n |hc cerry|n cos| of rc|e|co
essc|s.
4. O|hcr cxchenc o|ffcrcnccs erc rccon|zco es |ncomc or cxpcnsc |n |hc
pcr|oo |n vh|ch |hcy er|sc.
F. EXPENDITURE
1. |cprcc|e||on |s cherco on s|re|h| ||nc mc|hoo fo||ov|n |hc re|cs eno
mc|hooo|oy no||nco cy C||C er|ff |cu|e||ons, 2OO9 prov|oco unocr
Scc||on o1o ,c) of |hc Compen|cs /c|, 195o.
2. |cprcc|e||on on |hc fo||ov|n essc| |s prov|oco cesco on |hc|r cs||me|co
uscfu| ||fc
1 |crsone| compu|crs & |ep|ops |nc|uo|n pcr|phcre|s 5 /cers
2 |ho|ocop|crs & |ex Vech|ncs 5 /cers
3 \e|cr Coo|crs eno |cfr|cre|ors 12 /cers
3. |cprcc|e||on on eoo|||on |o / ocouc||ons from nxco essc|s our|n |hc ycer
|s cherco on pro-re|e ces|s from / up |o |hc mon|h |n vh|ch |hc essc| |s
eve||ec|c for usc / o|spose|.
4. /ssc|s cos||n up|o ` 5OOO/- erc fu||y ocprcc|e|co |n |hc ycer of ecqu|s|||on.
5. Cos| of sof|verc rccon|zco es |n|en|c|c essc|s, |s emor||sco on s|re|h|
||nc mc|hoo ovcr e pcr|oo of |ce| r|h| |o usc or 3 ycers, vh|chcvcr |s |css.
O|hcr |n|en|c|c essc|s erc emor||zco on s|re|h| ||nc mc|hoo ovcr |hc
pcr|oo of |ce| r|h| |o usc or 25 ycers, vh|chcvcr |s |css.
o. \hcrc |hc cos| of ocprcc|ec|c essc|s hes unocronc e chenc our|n |hc
ycer ouc |o |ncrcesc/occrcesc |n |on |crm ||ec|||||cs on eccoun| of
cxchenc nuc|ue||on, pr|cc eous|mcn|, chenc |n ou||cs or s|m||er fec|ors,
|hc unemor||sco ce|encc of such essc| |s cherco off prospcc||vc|y e| |hc
re|cs eno mc|hooo|oy no||nco cy C||C er|ff |cu|e||ons, 2OO9.
7. Cep||e| cxpcno||urc on essc| no| ovnco cy |hc compeny |s emor||sco ovcr
e pcr|oo of 4 ycers from |hc mon|h |n vh|ch |hc nrs| un|| of procc|
conccrnco comcs |n|o commcrc|e| opcre||on eno |hcrcef|cr from |hc
mon|h |n vh|ch |hc rc|cven| essc| cccomcs eve||ec|c for usc. |ovcvcr,
s|m||er cxpcno||urc for commun||y ocvc|opmcn| |s cherco off |o rcvcnuc.
8. |cescho|o |eno eno cu||o|ns erc fu||y emor||sco ovcr 25 ycers or |cesc
pcr|oo vh|chcvcr |s |ovcr fo||ov|n |hc re|cs eno mc|hooo|oy no||nco
cy C||C er|ff |cu|e||ons, 2OO9. |cescho|o |eno ecqu|rco on pcrpc|ue|
|cesc |s no| emor||sco.
9. |xpcnscs on cx-re||e peymcn|s unocr vo|un|ery rc||rcmcn| schcmc,
|re|n|n & rccru||mcn| eno rcscerch eno ocvc|opmcn| erc cherco |o
rcvcnuc |n |hc ycer |ncurrco.
1O. |rcpe|o cxpcnscs eno pr|or pcr|oo cxpcnscs /|ncomc of ||cms of `
1OO,OOO/- eno cc|ov erc cherco |o ne|ure| hceos of eccoun|s.
G. OPERATING LEASE
/ssc|s ecqu|rco on |cesc vhcrc e s|n|ncen| por||on of |hc r|s| eno rcveros of
|hc ovncrsh|p erc rc|e|nco cy |hc |cssor erc c|ess|nco es opcre||n |cescs. |cesc
rcn|e|s erc cherco |o rcvcnuc.
H. PROVISIONS AND CONTINGENT LIABILITIES
/ prov|s|on |s rccon|zco vhcn |hc compeny hes e prcscn| oc||e||on es rcsu||
of e pes| cvcn| eno || |s procec|c |he| en ou|nov of rcsourccs v||| cc rcqu|rco
|o sc|||c |hc oc||e||on eno |n rcspcc| of vh|ch e rc||ec|c cs||me|c cen cc meoc.
|rov|s|ons erc oc|crm|nco cesco on menecmcn| cs||me|c rcqu|rco |o sc|||c
|hc oc||e||on e| |hc ce|encc shcc| oe|c eno erc no| o|scoun|co |o prcscn|
ve|uc. Con||ncn| ||ec|||||cs erc o|sc|osco on |hc ces|s of uomcn| of |hc
menecmcn|/|nocpcnocn| cxpcr|s. hcsc erc rcv|cvco e| cech ce|encc shcc|
oe|c eno erc eous|co |o rcncc| |hc currcn| menecmcn| cs||me|c.
I. CASH FLOW STATEMENT
NTPC HYDRO LIMITED
37
th
NTPC Hydro Limited
Note No. 2 : SHARE CAPITAL ,/moun| |n `)
As at 31.03.2013 31.O3.2O12
EQUITY SHARES CAPITAL
Authorised Shares
5O,OO,OO,OOO shercs of per ve|uc ` 1O/- cech ,|rcv|ous ycer 5O,OO,OO,OOO shercs of per ve|uc `1O/- cech ) 5,000,000,000 5,OOO,OOO,OOO
Issued, Subscribed and fully paid-up shares
12,13,59,5OO shercs of per ve|uc ` 1O/- cech ,|rcv|ous ycer 121,359,5OO shercs of per ve|uc `1O/- cech) 1,213,595,000 1,213,595,OOO
a. Reconciliation of the shares outstanding at the beginning and at the end of the reporting
period
No. of Shares Amount in ` |o. of Shercs /moun| |n `
/| |hc cc|nn|n of |hc pcr|oo 121,359,500 1,213,595,000 113,959,5OO 1,139,595,OOO
lssuco our|n |hc pcr|oo - - 7,4OO,OOO 74,OOO,OOO
Outstanding at the end of the Period 121,359,500 1,213,595,000 121,359,5OO 1,213,595,OOO
b. hc compeny hes on|y onc c|ess of cqu||y shercs hev|n e per ve|uc of `1O pcr sherc. |ech ho|ocr of cqu||y shercs |s cn||||co |o onc vo|c pcr sherc.
ln |hc cvcn| of ||qu|oe||on of |hc compeny, |hc ho|ocrs of cqu||y shercs v||| cc cn||||co |o rccc|vc rcme|n|n essc|s of |hc compeny, ef|cr o|s|r|cu||on of e|| prcfcrcn||e|
emoun|s. hc o|s|r|cu||on v||| cc |n propor||on |o |hc numccr of cqu||y shercs hc|o cy |hc shercho|ocrs.
c. /|| |hc shercs of |hc Compeny |s ovnco cy |hc ho|o|n Compeny |.c. ||C ||m||co eno ||'s nom|nccs.
d. Details of shareholders holding more than 5% shares in the Company :
Particulars 31.03.2013 31.O3.2O12
No. of shares %age of holding |o. of shercs %ec of ho|o|n
||C & ||s nom|nccs 121,359,500 100 121,359,5OO 1OO
Note No. 3 : RESERVES AND SURPLUS ,/moun| |n `)
As at 31.03.2013 31.O3.2O12
Surplus in the statement of prot & loss
/s pcr |es| nnenc|e| s|e|cmcn|s (81,391,473) ,81,32o,o92)
/oo : |ur|n |hc ycer |rensfcr from s|e|cmcn| of |&| (31,348) ,o4,781)
Total (81,422,821) ,81,391,473)
Note No.4 : SHARE APPLICATION MONEY PENDING ALLOTMENT ,/moun| |n `)
As at 31.03.2013 31.O3.2O12
Sherc epp||ce||on moncy pcno|n e||o|mcn| 2,000,000 2,OOO,OOO
Total 2,000,000 2,OOO,OOO
||sc|osurcs :
1. hc sherc epp||ce||on moncy pcno|n e||o|mcn| |s |hc ce|encc of funo rccc|vco
from ||C ||o, |hc ho|o|n compeny ee|ns| vh|ch shercs erc no| yc| e||o||co.
2. hc no. of shercs |ssuco on |hc ce|encc of sherc epp||ce||on moncy pcno|n
e||o|mcn| v||| cc 2,OO,OOO `1O/- pcr sherc.
3. hcrc v||| cc no prcm|um on |h|s sherc e||o|mcn|.
4. hc compeny hes sufnc|cn| eu|hor|zco cep||e| |o covcr |hc sherc cep||e| emoun|
ef|cr |h|s proposco e||o|mcn| of shercs cu| |hc boero of ||rcc|ors of ||C |yoro
||m|co |n ||s 43
ro
mcc||n hc|o on O3.O5.2O12 & boero of ||rcc|os of ||C ||o. |n
||s 382
no
mcc||n hc|o on 1O.O5.2O12 hes epprovco e schcmc of eme|eme||on
of ||C |yoro ||m||co v||h ||C ||m||co eno ||C ||o. hes |vcn e occ|ere||on
|o bS| |he| |hcrc she|| cc no e||cre||on |n |hc sherc cep||e| of ||C |yoro ||m||co
pr|or |o |hc schcmc of eme|eme||on cccom|n cffcc||vc.
5. /s |h|s emoun| |s non-rcfunoec|c eno non |n|crcs| ccer|n, no |n|crcs| v|||
eccruc on |hc emoun| ouc for rcfuno.
Note No. 5 : OTHER LONG TERM LIABILITIES ,/moun| |n `)
As at 31.03.2013 31.O3.2O12
reoc peyec|cs ,O|hcr |hen VSV||) 20,421 149,O34
|eyec|c for cep||e| cxpcno||urc - O|hcrs ,O|hcr
|hen VSV||) 4,120,000 8,34o,919
Total 4,140,421 8,495,953
Note No. 7 : TRADE PAYABLES
As at 31.03.2013 31.O3.2O12
|or ooos eno scrv|ccs ,O|hcr |hen VSV||) 2,240,648 5O7,o11
Total 2,240,648 5O7,o11
Note No. 8 Other Current Liabilities ,/moun| |n `)
As at 31.03.2013 31.O3.2O12
|eyec|c for cep||e| cxpcno||urc - O|hcrs ,O|hcr
|hen VSV||)
90,585,112 7,452,335
O|hcr peyec|cs
ex ocouc|co e| sourcc eno o|hcr s|e|u|ory oucs 2,297,881 9o8,o41
O|hcrs * 7,575 14,o44
|eyec|c |o ||C ||o. ,|o|o|n Compeny) 39,650,391 -
Total 132,540,959 8,435,o2O
* O|hcrs |nc|uoc peyec|c |overos c|cc|r|c||y c|||s, |c|cphonc c|||s c|c.
Note No. 9 : SHORT TERM PROVISIONS ,/moun| |n `)
As at 31.03.2013 31.O3.2O12
/s pcr |es| ce|encc shcc| 10,351,913 3,87o,872
/oo|||ons our|n |hc ycer 3,279,572 o,479,112
/moun| pe|o our|n |hc ycer 1,237,390 -
/moun| rcvcrsco our|n |hc ycer 6,871,311 4,O71
Closing balance 5,522,784 1O,351,913
|rov|s|on for shor|ec |n nxco essc|s pcno|n
|nvcs||e||on
/s pcr |es| ce|encc shcc| - -
/oo|||ons our|n |hc ycer 31,348 -
C|os|n ce|encc 31,348 -
Total 5,554,132 1O,351,913
Note No. 6 : SHORT TERM BORROWINGS ,/moun| |n `)
As at 31.03.2013 31.O3.2O12
0nsccurco ln|crcs| frcc |oen from ||C ||o. 32,27,27,111 -
Total 32,27,27,111 -
0nsccurco |n|crcs| frcc |oen from ||C ||o. ,|o|o|n Compeny) hes cccn senc||onco
es funo rcqu|rcmcn| |||| proposco em|eme||on.
NTPC HYDRO LIMITED
37
th
Note No. 10 : FIXED ASSETS
,/moun| |n `)
/s e|
O1.O4.2O12
/oo|||ons |couc||ons/
/ous|mcn|s
As at
31.03.2013
0p|o
O1.O4.2O12
|or |hc
ycer
|couc||ons/
/ous|mcn|s
Upto
31.03.2013
As at
31.03.2013
As at
31.03.2012
TANGIBLE ASSETS
Land :
|rccho|o 15o,o18,5oO - ,41,9o8,737) 198,587,297 - - - 198,587,297 156,618,560
|cescho|o* 17,534,711 - ,78,4o2,518) 95,997,229 2,491,O82 3,2OO,58o ,12,249,573) 17,941,241 78,055,988 15,043,629
||en| eno mech|ncry 83,325 - - 83,325 33,538 3,o29 - 37,167 46,158 49,787
|urn||urc eno nx|urcs 3,1oO,933 - oo2,73o 2,498,197 1,ooO,42o 129,894 3O3,557 1,486,763 1,011,434 1,500,507
Ofncc cqu|pmcn| 1,o82,4o9 - 291,O5o 1,391,413 8o4,8O2 83,o94 22o,28O 722,216 669,197 817,667
cqu|pmcn| 4,438,1O7 - 1,Oo4,1O8 3,373,999 2,9o7,529 358,3O5 9oo,511 2,359,323 1,014,676 1,470,578
||cc|r|ce| lns|e||e||ons 82,5o9 - - 82,569 18,4oO 4,185 - 22,645 59,924 64,109
Cep||e| cxpcno||urc on essc|s no|
ovnco cy |hc Compeny 48,1O1,711 - - 48,101,711 - - - - 48,101,711 48,101,711
Total 231,7O2,385 - ,118,413,355) 350,115,740 8,O35,837 3,78O,293 ,1O,753,225) 22,569,355 327,546,385 223,666,548
|rcv|ous ycer 231,49O,773 1O2,51o ,1O9,O9o) 231,702,385 7,O29,4o7 1,258,5Oo 252,13o 8,035,837 223,666,548 224,461,306
1. Deduction / adjustment from gross block and depreciation /amortisation for the year includes : ,/moun| |n `)
31.03.2013 31.O3.2O12 31.03.2013 31.O3.2O12
Cos| eous|mcn|# ,12O,431,255) ,133,O9o) ,12,249,573) 252,13o
||spose| of /ssc|s 24OOO - -
O|hcrs , rcprcscn|s |n|cr compeny |rensfcr)* 2,O17,9OO - 1,49o,348 -
Total (118,413,355) ,1O9,O9o) (10,753,225) 252,13o
2. hc cxccu||on of |cesc erccmcn| of 187.328 ecrcs |cesc ho|o |eno e| |e|e epoven |yoro |ovcr |rocc| of ve|uc ` 9,59,97,229 ,|rcv|ous ycer 187.328 ecrcs, ve|uc
` 1,75,34,711) |s eve|||n comp|c||on for |ce| forme||||cs.
3. # ve|uc eoo|||on |n cx|s||n essc|s |hrouh eous|mcn| pcr|e|ns |o ve|uc eoo|||on |n e|rceoy ecqu|rco |eno.
4. *Ccr|e|n |en|c|c essc|s erc |rensfcrco from ||C |yoro ||m||co |o ||C ||o ,ho|o|n compeny) v||h pr|or conscn| of ||C ||o., |n ||nc v||h scchcmc of mcrcr.
,/moun| |n `)
/s e|
O1.O4.2O12
/ous|mcn|s
As at
31.03.2013
0p|o
O1.O4.2O12
|or |hc
ycer
|couc||ons/
/ous|mcn|s
Upto
31.03.2013
As at
31.03.2013
As at
31.03.2012
INTANGIBLE ASSETS
Sof|verc 57O,59o - 237,544 333,052 48o,13o 84,4oO 237,544 333,052 - 84,460
Total 57O,59o - 237,544 333,052 48o,13o 84,4oO 237,544 333,052 - 84,460
|rcv|ous /cer 57O,59o 17,114 17,114 570,596 299,484 187,128 47o 486,136 84,460 271,112
1. Deduction / adjustment from gross block and depreciation /amortisation for the year includes : ,/moun| |n `)
31.03.2013 31.O3.2O12 31.03.2013 31.O3.2O12
Cos| eous|mcn|# - 17114 47o
O|hcrs , rcprcscn|s |n|cr compeny |rensfcr)* 237544 - 237544 -
Total 237,544 17,114 237,544 47o
2. *Ccr|e|n |n|en|c|c essc|s erc |rensfcrco from ||C |yoro ||m||co |o ||C ||o ,ho|o|n compeny) v||h pr|or conscn|.
Depreciation / Amortisation of Tangible and Intangible Assets for the year is allocated as given below:
,/moun| |n `)
31.03.2013 31.O3.2O12
Cherco |o |ron| & |oss - -
rensfcrrco |o cxpcno||urc our|n cons|ruc||on
pcr|oo ,nc|) - |o|c 2O 3,864,753 1,445,o34
Total 3,864,753 1,445,o34
NTPC HYDRO LIMITED
37
th
Note No. 11 : CAPITAL WORK IN PROGRESS ,/moun| |n `)
/s e|
O1.O4.2O12
/oo|||ons |couc||ons &
/ous|mcn|s
Cep||e||sco As at
31.03.2013
|oeos, cr|ocs, cu|vcr|s & hc||peos 45,817,747 1O,7o4,oO3 - - 56,582,350
|yoreu||c vor|s, cerrecs, oems, |unnc|s eno povcr chennc| 2O8,518,9oO 97,7OO,OOO 306,218,960
||cc|r|ce| |ns|e||e||ons 1O,O5O - - - 10,050
Survcy, |nvcs||e||on, consu||ency eno supcrv|s|on chercs 5o,O91,181 1,743,5o7
#
894,585 - 56,940,163
|xpcno||urc |overos o|vcrs|on of forcs| |eno 81,52O,537 - 78,4o2,518 - 3,058,019
|xpcno||urc our|n cons|ruc||on pcr|oo ,nc|) 47O,47o,457 71,151,4o5* 1 - 541,627,921
Total 862,434,932 181,359,635 79,357,104 - 964,437,463
|rcv|ous ycer 79O,9O5,993 71,528,93o ,3) - 862,434,932
# lnc|uocs prcv|ous ycer cxpcno||urc emoun||n ` 12,o5,OOO pcr|e|n |o GSl rc|e|co |o |e|e epoven |.|.|
* brouh| forvero from cxpcno||urc our|n cons|ruc||on pcr|oo ,nc|) - |o|c 2O
Note No. 12 : LONG TERM LOANS AND ADVANCES
,/moun| |n `)
As at 31.03.2013 31.O3.2O12
Capital Advances
0nsccurco - cons|ocrco ooo
Covcrco cy cen| ueren|cc 291,890,337 1o,393,o79
O|hcrs* 14,951,297 55,274,3O8
Total 306,841,634 71,oo7,987
* O|hcrs |nc|uoc eovenccs |y|n v||h |eno |cp|. ||s|. |ercc||n , Gov| of \cs|
bcne| eno Gco|o|ce| Survcy of lno|e.
Note No. 13 : CASH & BANK BALANCES
,/moun| |n `)
As at 31.03.2013 31.O3.2O12
be|enccs v||h cen|s
- Currcn| eccoun|s 2,498,296 1,8o1,OOO
Other bank balances
|cpos||s v||h or||ne| me|ur||y of morc |hen |hrcc
mon|hs cu| no| morc |hen |vc|vc mon|hs #
26,625 2o,o25
Total 2,524,921 1,887,o25
# |cprcscn|s cen| ocpos||s emoun||n |o ` 2o,o25/- ,|rcv|ous ycer ` 2o,o25/- )
ocpos||co v||h S||||m Se|cs ex /u|hor||cs es sccur||y vh|ch |s no| eve||ec|c for
usc.
Note No.14 : SHORT TERM LOANS AND ADVANCES
,/moun| |n `)
As at 31.03.2013 31.O3.2O12
Advances - Unsecured considered good
|uc from ||C ||o. ,ho|o|n compeny) - 2,217,215
Security Deposit (Unsecured)* 25,000 25,OOO
Total 25,000 2,242,215
* |cprcscn|s cen| ocpos||s emoun||n |o ` 25,OOO/- ,|rcv|ous ycer ` 25,OOO/-)
ocpos||co v||h reoc ex /u|hor||cs, |o|oe es sccur||y ocpos||.
Note No. 15 : OTHER CURRENT ASSETS
,/moun| |n `)
As at 31.03.2013 31.O3.2O12
ln|crcs| eccruco on crm |cpos|| 47 1O,857
Total 47 1O,857
Note No. 16 : OTHER INCOME
,/moun| |n `)
Interest from
Con|rec|ors - 27o,331
lno|en cen|s 3,270 3,937
V|scc||encous |ncomc 6,394 94,231
9,664 374,499
|css: rensfcrrco |o cxpcno||urc our|n
cons|ruc||on pcr|oo ,nc|) - |o|c 2O 9,664 374,499
Total - -
Note No. 17 EMPLOYEE BENEFIT EXPENSE
,/moun| |n `)
Se|er|cs eno vecs 17,812,762 39,282,34O
Con|r|cu||on |o prov|ocn| eno o|hcr funos 19,256,392 2,733,939
S|eff vc|ferc cxpcnscs 716,668 1,157,51o
37,785,822 43,173,795
cons|ruc||on pcr|oo ,nc|) - |o|c 2O 37,785,822 43,173,795
Total - -
e. /|| |hc cmp|oyccs of |hc compeny erc on scconomcn| from |hc ho|o|n
compeny |.c. ||C ||o.
c. |mp|oycc bcncn|s |xpcnscs |nc|uoc ` 3o,49,431 for |hc ycer ,|rcv|ous ycer
` 11,53,4o2) |overos |cevc, supcrennue||on eno o|hcr ccncn|s |n rcspcc| of cm-
p|oyccs pos|co on scconomcn| ces|s from |hc ||C ||o. ,ho|o|n compeny).
c. |mp|oycc bcncn|s |xpcnscs |nc|uoc `1,42,o9,957 |overos |cevc, supcrennue-
||on eno o|hcr ccncn|s pcr|e|n|n |o cer||cr ycers |.c. O1.O1.2OO7 |o 31.O3.2O12
cc|n eoo|||one| prov|s|ons meoc our|n |hc currcn| ycer ouc |o chenc |n
|hc mc|hooo|oy of e||oce||on of such prov|s|ons, eccoro|n |o |hc rcv|sco
Corpore|c || po||cy of |o|o|n Compeny |.c. ||C ||m||co.
Note No. 18 : ADMINISTRATION & OTHER EXPENSES
,/moun| |n `)
|ovcr chercs 102,651 294,77O
\e|cr chercs - 1,O2O
|cn| 828,348 3,882,291
bu||o|ns - 1,394,831
O|hcrs 629,747 1,2o5,178
lnsurencc 6,299 14,475
re|n|n & rccru||mcn|
cxpcnscs - o4,781
Commun|ce||on cxpcnscs 3,520,725 1,278,77o
revc|||n cxpcnscs 1,172,834 2,38o,O39
cnocr cxpcnscs 2,113,357 -
|eymcn| |o euo||ors
- /s /uo|| |cc 8O,OOO 8O,OOO
- /s |c|mcurscmcn| of
Scrv|cc ex 9,888 8,24O
89,888 88,24O
/ovcr||scmcn| eno puc||c||y 30,000 5,OOO
Sccur||y cxpcnscs 436,704 41o,o3o
|n|cr|e|nmcn| cxpcnscs 122,207 293,521
|xpcnscs for ucs| housc 7O5,3oo o99,174
|css: |ccovcr|cs 18,578 1o,O35
686,788 o83,139
NTPC HYDRO LIMITED
37
th
Note No. 18 : ADMINISTRATION & OTHER EXPENSES
,/moun| |n `)
Commun||y ocvc|opmcn| eno
vc|ferc cxpcnscs 147,350 o51,o2O
boo|s eno pcr|oo|ce|s 14,270 39,914
|rofcss|one| chercs eno
consu||ency fccs 774,847 oo,18O
|ce| cxpcnscs 5,382 8,o79
||| h|rc eno o|hcr chercs 452,548 oO5,373
|r|n||n eno s|e||oncry 103,277 oo,738
||r|n of vch|c|cs 694,541 83o,o28
ben| Chercs 5,110 -
V|scc||encous cxpcnscs 347,739 195,54O
12,284,612 14,539,3o9
cons|ruc||on pcr|oo ,nc|) - |o|c 2O 12,284,612 14,474,588
Sub Total - o4,781
Provisions for
Shor|ec |n ||xco /ssc|s 31,348 -
Sub Total 31,348 -
Total 31,348 o4,781
Note No. 19 : PRIOR PERIOD ITEMS (NET)
,/moun| |n `)
Expenditure
|mp|oycc ccncn|s cxpcnsc - ,8,981,42o)
|cprcc|e||on eno emor||se||on 12,249,573 1O9,o95
Commun|ce||on |xpcnscs 4,976,369 -
Net Expenditure 17,225,942 ,8,871,731)
|css: rensfcrrco |o |xpcno||urc our|n
cons|ruc||on pcr|oo ,nc|)-|o|c 2O 17,225,942 ,8,871,731)
Total - -
Note No. 20 : EXPENDITURE DURING CONSTRUCTION PERIOD (NET)
,/moun| |n `)
Se|er|cs eno vecs 17,812,762 39,282,34O
Con|r|cu||on |o prov|ocn| eno o|hcr
funos 19,256,392 2,733,939
S|eff vc|ferc cxpcnscs 716,668 1,157,51o
Total (A) 37,785,822 43,173,795
B. Depreciation and amortisation 3,864,753 1,445,o34
C. Generation , administration and
other expenses
|ovcr chercs 102,651 294,77O
\e|cr chercs - 1,O2O
|cn| 828,348 3,882,291
bu||o|ns - 1,394,831
O|hcrs 629,747 1,2o5,178
lnsurencc 6,299 14,475
Commun|ce||on cxpcnscs 3,520,725 1,278,77o
revc|||n cxpcnscs 1,172,834 2,38o,O39
cnocr cxpcnscs 2,113,357 -
/uo|| fcc
- /s /uo|| |cc 8O,OOO 8O,OOO
- /s |c|mcurscmcn| of
Scrv|cc ex 9,888 8,24O
89,888 88,24O
Note No. 20 : EXPENDITURE DURING CONSTRUCTION PERIOD (NET)
,/moun| |n `)
/ovcr||scmcn| eno puc||c||y 30,000 5,OOO
Sccur||y cxpcnscs 436,704 41o,o3o
|n|cr|e|nmcn| cxpcnscs 122,207 293,521
|xpcnscs for Gucs| housc 7O5,3oo o99,174
|css: |ccc|p| from ucs|
housc 18,578 1o,O35
686,788 o83,139
Commun||y ocvc|opmcn|
eno vc|ferc cxpcnscs 147,350 o51,o2O
consu||ency fcc 774,847 oo,18O
|ce| cxpcnscs 5,382 8,o79
||| ||rc eno o|hcr chercs 452,548 oO5,373
|r|n||n eno s|e||oncry 103,277 oo,738
|xpcnscs on h|r|n of vch|c|c 694,541 83o,o28
ben| Chercs 5,110 -
V|scc||encous cxpcnscs 347,739 195,54O
Total (C) 12,284,612 14,474,588
Total (A+B+C) 53,935,187 59,O94,O17
D. Less: Other income
ln|crcs| from con|rec|ors - 27o,331
ln|crcs| o|hcrs 3,270 3,937
V|scc||encous |ncomc 6,394 94,231
Total (D) 9,664 374,499
E. Prior period items (net) 17,225,942 ,8,871,731)
Grand total (A+B+C-D+E)* 71,151,465 49,847,787
* be|encc cerr|co |o cep||e| vor|-|n-prorcss - ,|o|c 11)
NOTES ON ACCOUNT
21. |s||me|co emoun| of con|rec| rcme|n|n |o cc cxccu|co on cep||e| eccoun| eno
no| prov|oco for `12,33,39,89,47O ,|rcv|ous ycer ` 21,98,39,OOO), cons|ocr|n
e mex|mum 2O% csce|e||on of con|rec| ve|uc, vhcrcvcr epp||cec|c.
22. /covc ,|o|c |o. 21) |nc|uocs cs||me|co emoun| of con|rec| rcme|n|n |o cc
cxccu|co on cep||e| eccoun|, |n forc|n currcncy, no| hcoco cy e ocr|ve||vc
|ns|rumcn| or o|hcrv|sc |s $ 43,8O,59O cqu|ve|cn| ` 24,O5,38,197 ,|rcv|ous
ycer |l|).
23. ||sc|osurc |cero|n Opcre||n |cescs:
hc compeny's s|n|ncen| |ces|n errencmcn|s erc |n rcspcc| of opcre||n
|cescs of prcm|scs for rcs|ocn||e| usc of cmp|oyccs, ofnccs eno |rens|| cemps.
hcsc |ces|n errencmcn|s erc usue||y rcncvec|c on mu|ue||y ercco |crms cu|
erc no| non-cencc||ec|c. |mp|oyccs ccncn|s cxpcnscs |nc|uoc ` 29,2O,4oo
,|rcv|ous ycer ` 5O,58,27O) |overos |cesc peymcn|s, nc| of rccovcr|cs, |n
rcspcc| of prcm|scs for rcs|ocn||e| usc of cmp|oyccs. |cesc peymcn|s |n
rcspcc| of prcm|scs for ofnccs eno |rens|| cemps erc shovn es |cn| |n Schcou|c
|o|c |o. 18 /om|n|s|re||on eno o|hcr cxpcnscs emoun||n ` 8,28,348 ,|rcv|ous
ycer ` 38,82,291).
24. /moun| peyec|c |o ||C ||o., ,ho|o|n compeny) hes cccn shovn
` 3,9o,5O,391 es per| of |hc o|hcr currcn| ||ec|||||cs ,|rcv|ous /cer ` 22,17,215 es
per| of shor| |crm |oens & eovenccs). ln eoo|||on |o ` 32,27,27,111 ,|rcv|ous
ycer : |l|) senc||onco es unsccurco |n|crcs| frcc |oen hes cccn shovn es shor|
|crm corrov|n from ho|o|n compeny |.c. ||C ||o.
25. lncomc /|xpcnscs of ||C |yoro ||m||co |ceo Ouer|cr |s e||oce|co |o
procc|s on |hc ces|s of cep||e| cxpcno||urc for |hc pcr|oo.
NTPC HYDRO LIMITED
37
th
2o. be|enccs shovn unocr eovenccs eno crco||ors erc succc| |o connrme||on/
rcconc|||e||on eno conscqucn| eous|mcn|, |f eny.
27. besco on |nforme||on eve||ec|c v||h |hc compeny, |hcrc erc no supp||crs/
con|rec|ors/scrv|cc prov|ocrs vho erc rc|s|crco es m|cro, sme|| or mco|um
cn|crpr|sc unocr hc V|cro, Sme|| eno Vco|um |n|crpr|scs |cvc|opmcn| /c|,
2OOo' es on 31.O3.2O13.
28. |ern|n |cr Sherc
hc c|cmcn|s cons|ocrco for ce|cu|e||on for |ern|n pcr sherc ,bes|c eno
|||u|co) erc es unocr:
|c| |oss usco es numcre|or 31348 o4781
\c|h|co /vcrec numccr of cqu||y
shercs usco es ocnom|ne|or 1213595OO 114O8O811
|ern|n |cr Sherc ,|upccs) bes|c - -
\c|h|co /vcrec numccr of cqu||y
shercs usco es ocnom|ne|or 1215595OO 114O84O9O
|ern|n |cr Sherc ,|upccs) |||u|co - -
|ecc ve|uc pcr sherc ,|upccs) 1O 1O
29. hc boero of ||rcc|ors |n ||s 3o
|h
mcc||n hc|o on |cccmccr 17
|h
, 2O1O hes
eccoroco |n-pr|nc|p|c epprove| for mcrcr of ||C |yoro ||m||co ,|||) v||h
||C ||m||co, succc| |o epprove| of V|n|s|ry of |ovcr.
V|n|s|ry of |ovcr v|oc |c||cr no. 5/5/2O12-h-ll oe|co 1O
|h
/pr|| 2O12 hes
occ|oco |o e||ov for eme|eme||on of ||C |yoro ||m||co v||h ||C ||m||co
succc| |o epprove| of compc|cn| eu|hor||y |n |crms of Scc||on 391-394 of |hc
Compen|cs ec| 195o ef|cr fo||ov|n ouc proccss. Sucscqucn||y, |hc boero of
||rcc|ors of ||C |yoro ||m||co |n ||s 43
ro
mcc||n hc|o on 3
ro
Vey 2O12 hes
epprovco |hc Schcmc of /me|eme||on of ||C |yoro ||m||co v||h ||C
||m||co ,Schcmc)
ln eccoroencc v||h |hc prov|s|on of Scc||on 391 of |hc Compen|cs /c| 195o e
pc||||on ves n|co on 28
|h
/u 2O12 v||h V|n|s|ry of Corpore|c /ffe|rs ,VC/),
Govcrnmcn| of lno|e for epprove| of |hc Schcmc. hc pc||||on ves hcero cy
VC/ on 19
|h
|cccmccr 2O12.
VC/ v|oc orocr oe|co 2O
|h
|cccmccr 2O12 hes o|rcc|co convcn|n |hc
mcc||n of |hc Shercho|ocrs of |||, vh|ch |s schcou|co |o cc hc|o on 24
|h
Vey
2O13.
For Rohtas & Hans
||rms' |cn. |o. O4372|
||ecc : |cv |c|h|
|e|c : 29 /pr||, 2O13
INDEPENDENT AUDITORS REPORT
o,
hc Vcmccrs of
NTPC Hydro Limited
1. \c hevc euo||co |hc eccompeny|n nnenc|e| s|e|cmcn|s of ||C |yoro ||m||co
,|hc Compeny'), vh|ch compr|sc |hc be|encc Shcc| es e| Verch 31, 2O13, eno
|hc S|e|cmcn| of |ron| eno |oss eno Cesh ||ov S|e|cmcn| for |hc ycer |hcn
cnoco, eno e summery of s|n|ncen| eccoun||n po||c|cs.
2. Venecmcn| |s rcspons|c|c for |hc prcpere||on of |hcsc nnenc|e| s|e|cmcn| |he|
|n suc-scc||on ,3C) of scc||on 211 of |hc Compen|cs /c|, 195o |hc /c|'). h|s
con|ro| rc|cven| |o |hc prcpere||on eno prcscn|e||on of |hc nnenc|e| s|e|cmcn|s
|he| |vc e |ruc eno fe|r v|cv eno erc frcc from me|cr|e| m|ss|e|cmcn| vhc|hcr
ouc |o freuo or crror.
3. Our rcspons|c||||y |s |o cxprcss en op|n|on on |hcsc nnenc|e| s|e|cmcn|s cesco
on our euo||. \c conouc|co our euo|| |n eccoroencc v||h |hc S|enoeros on
euo|||n |ssuco cy |hc lns|||u|c of Cher|crco /ccoun|en|s of lno|e. hosc
S|enoeros rcqu|rc |he| vc comp|y v||h c|h|ce| rcqu|rcmcn|s eno p|en eno
pcrform |hc euo|| |o oc|e|n rcesonec|c essurencc ecou| vhc|hcr |hc nnenc|e|
s|e|cmcn|s erc frcc from me|cr|e| m|ss|e|cmcn|. /n euo|| |nvo|vcs pcrform|n
proccourcs |o oc|e|n euo|| cv|ocncc ecou| |hc emoun| eno o|sc|osurcs |n
|hc nnenc|e| s|e|cmcn|s. hc proccourcs sc|cc|co ocpcno on |hc euo||or's
uomcn|, |nc|uo|n |hc esscssmcn| of |hc r|s|s of me|cr|e| m|ss|e|cmcn| of
|hc nnenc|e| s|e|cmcn|s, vhc|hcr ouc |o freuo or crror. ln me||n |hosc r|s|
esscssmcn|s, |hc euo||or cons|ocrco |n|crne| con|ro| rc|cven| |o |hc Compeny's
prcpere||on eno fe|r prcscn|e||on of |hc nnenc|e| s|e|cmcn|s |n orocr |o ocs|n
euo|| proccourcs |he| erc eppropr|e|c |n |hc c|rcums|enccs. /n euo|| e|so
|nc|uocs cve|ue||n |hc eppropr|e|cncss of eccoun||n po||c|cs usco eno |hc
rcesonec|cncss of |hc eccoun||n cs||me|cs meoc cy menecmcn|, es vc|| es
cve|ue||n |hc ovcre|| prcscn|e||on of |hc nnenc|e| s|e|cmcn|s. \c cc||cvc |he|
|hc euo|| cv|ocncc vc hevc oc|e|nco |s sufnc|cn| eno eppropr|e|c |o prov|oc e
ces|s for our euo|| op|n|on.
4. ln our op|n|on eno |o |hc ccs| of our |nforme||on eno eccoro|n |o |hc
cxp|ene||ons |vcn |o us, |hc nnenc|e| s|e|cmcn|s |vc |hc |nforme||on rcqu|rco
cy |hc /c| |n |hc menncr so rcqu|rco eno |vc e |ruc eno fe|r v|cv |n conform||y
v||h |hc eccoun||n pr|nc|p|cs cncre||y ecccp|co |n lno|e:
,e) |n |hc cesc of |hc be|encc Shcc|, of |hc s|e|c of effe|rs of |hc Compeny es e|
Verch 31, 2O13,
,c) ln |hc cesc of |hc |ron| eno |oss /ccoun|, |oss of ` 31,348/- for |hc ycer
cnoco on |hc |he| oe|c, eno
,c) |n |hc cesc of |hc Cesh ||ov S|e|cmcn|, of |hc cesh novs for |hc ycer cnoco
on |he| oe|c.
5. /s rcqu|rc cy |hc Compen|cs ,/uo||or's |cpor|) Orocr, 2OO3 ,|hc Orocr')
|ssuco cy |hc Ccn|re| Govcrnmcn| of lno|e |n |crms of suc-scc||on ,4/) of
scc||on 227 of |hc /c|, vc |vc |n |hc /nncxurc e s|e|cmcn| on |hc me||crs
spcc|nco |n pererephs 4 eno 5 of |hc Orocr.
o. /s rcqu|rc cy scc||on 227,3) of |hc /c|, vc rcpor| |he|:
,e) \c hevc oc|e|nco e|| |hc |nforme||on eno cxp|ene||ons vh|ch |o |hc ccs| of
our |nov|coc eno cc||cf vcrc ncccssery for |hc purposc of our euo||,
,c) ln our op|n|on propcr coo|s of eccoun| es rcqu|rco cy |ev hevc cccn |cp|
cy |hc Compeny so fer es eppcers from our cxem|ne||on of |hosc coo|s,
,c) |hc ce|encc shcc|, S|e|cmcn| of pron| eno |oss, eno cesh nov S|e|cmcn|
oce|| v||h cy |h|s |cpor| erc |n erccmcn| v||h |hc coo|s of eccoun|,
,o) |n our op|n|on, |hc be|encc Shcc|, S|e|cmcn| of |ron| eno |oss, eno Cesh
||ov S|e|cmcn| comp|y v||h |hc /ccoun||n S|enoeros rcfcrrco |o |n
sucscc||on ,3C) of scc||on 211 of |hc Compen|cs /c|, 195o,
,c) bc|n e Govcrnmcn| Compeny, pursuen| |o GS| 829,|) oe|co 17.O7.2OO3
|ssuco cy |hc ovcrnmcn| of lno|e, prov|s|ons of C|eusc ,) of suc-scc||on
,1) of scc||on 274 of |hc Compen|cs /c|, 195o erc no| epp||cec|c |o |hc
compeny.
,f) S|ncc |hc Ccn|re| Govcrnmcn| hes no| |ssuco eny no||nce||on es |o |hc re|c
e| vh|ch |hc ccss |s |o cc pe|o unocr scc||on 441 / of |hc Compen|cs /c|,
195o nor hes || |ssuco eny |u|cs unocr |hc se|o scc||on, prcscr|c|n |hc
menncr |n vh|ch such ccss |s |o cc pe|o, no ccss |s ouc eno peyec|c cy |hc
Compeny.
|or |O|/S & |/|S
||rms' |c|s|re||on |o. OO4372|
,|ervccn |umer S|nhe|)
|e|c : 29 /pr||, 2O13 |er|ncr
||ecc : |cv |c|h| Vcmccrsh|p |o. O9O7OO
NTPC HYDRO LIMITED
37
th
The Annexure referred to in paragraph 5 of the Our Report of even date to
the members of NTPC Hydro Limited On the Accounts of the company for the
year ended 31
st
March, 2013.
On |hc ces|s of such chcc|s es vc cons|ocrco eppropr|e|c eno eccoro|n |o |hc
|nforme||on eno cxp|ene||on |vcn |o us our|n |hc coursc of our euo||, vc rcpor| |he|:
,|) ,e) hc Compeny hes me|n|e|nco propcr rccoros shov|n fu|| per||cu|ers
,c) /s cxp|e|nco |o us, e|| |hc nxco essc|s hevc cccn phys|ce||y vcr|nco
cy |hc menecmcn| oncc |vo ycer es pcr |hc ocnnco po||c|cs of |hc
compeny vh|ch |s rcesonec|c hev|n rceros |o |hc s|zc of |hc compeny
eno |hc ne|urc of ||s essc|s. /ous|mcn| |n shor|ec |s crce|co |n |hc coo|s
of eccoun|s.
,c) ln our op|n|on eno eccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn
|o us, no sucs|en||e| per| of nxco essc|s hes cccn o|sposco off cy |hc
Compeny our|n |hc ycer eno |hcrcforc oocs no| effcc| |hc o|n conccrn
essump||on.
,||) hc compeny oocs no| hevc eny |nvcn|ory eccoro|n|y |hc prov|s|ons of |hc
c|eusc 4,||) ,e), ,|||) ,c) & ,|||) ,c) erc no| epp||cec|c |o |hc compeny.
,|||) ,e) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us eno on |hc
ces|s of our cxem|ne||on of |hc coo|s of eccoun|, |hc Compeny hes no|
ren|co/|e|cn eny |oens, sccurco or unsccurco |o/from compen|cs, nrms
or o|hcr per||cs covcrco |n |hc rc|s|cr me|n|e|nco unocr Scc||on 3O1 of
|hc Compen|cs /c|, 195o. Conscqucn||y, |hc prov|s|ons of c|euscs 4 ,|||)
,c), ,c), ,o), ,c) ,f) eno ,) of |hc compen|cs ,/uo||ors |cpor|) Orocr,
2OO3 es emcnoco cy |hc compen|cs ,/uo||or's |cpor|) ,/mcnomcn|)
Orocr, 2OO4 erc no| epp||cec|c |o |hc Compeny. |ovcvcr, |hc compeny
hes |e|cn unsccurco |n|crcs| frcc |oen from ho|o|n compeny |.c., ||C
||o. emoun||n |o ` 32,27,27,111/-
,|v) ln our op|n|on eno eccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o
us, |hcrc |s cncre||y eocque|c |n|crne| con|ro| proccourc commcnsure|c
v||h |hc s|zc of |hc Compeny eno |hc ne|urc of ||s cus|ncss for |hc purchesc
of |nvcn|or|cs & nxco essc|s eno peymcn| for cxpcnscs & for se|c of ooos.
|ur|n |hc coursc of our euo||, no meor |ns|encc of con||nu|n fe||urc |o
corrcc| eny vce|ncss |n |hc |n|crne| con|ro|s hes cccn no||cco.
,v) ,e) /s pcr |nforme||on & cxp|ene||on |vcn |o us, vc erc of |hc op|n|on, |he|
|hcrc erc no |rens|||on |he| ncco |o cc cn|crco |n|o |hc rc|s|cr me|n|e|nco
unocr scc||on 3O1 of |hc /c|' 195o. /ccoro|n|y, C|eusc ,v) ,c) of |hc
orocr |s no| epp||cec|c of |hc compeny.
,v|) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes
no| ecccp|co eny ocpos||s from |hc puc||c eno conscqucn||y, |hc o|rcc||vcs
|ssuco cy |hc |cscrvc ben| of lno|e eno |hc prov|s|ons of Scc||on 58/, 58//
eno o|hcr rc|cven| prov|s|ons of |hc Compen|cs /c|, 195o eno |hc ru|cs fremco
|hcrc unocr erc no| epp||cec|c |o |hc Compeny.
,v||) /s pcr |nforme||on & cxp|ene||ons |vcn cy |hc menecmcn|, |hc Compeny
hes en |n|crne| euo|| sys|cm |hrouh ||s ln|crne| euo|| ocper|mcn| of ho|o|n
compeny |.c. ||C ||m||co vh|ch commcnsure|c v||h ||s s|zc eno |hc ne|urc
of ||s cus|ncss.
,v|||) /s pcr |nforme||on & cxp|ene||ons |vcn cy |hc menecmcn|, me|n|cnencc of
cos| rccoros hes cccn prcscr|cco cy |hc Ccn|re| Govcrnmcn| unocr c|eusc ,o)
of suc-scc||on ,1) of scc||on 2O9 of |hc Compen|cs /c|, 195o |s no| epp||cec|c
|o |hc compeny, es |hc compeny hes no| commcncco eny ec||v|||cs rc|e||n |o
|hc o|s|r|cu||on of |hc c|cc|r|c||y.
,|x) ,e) /ccoro|n |o |hc |nforme||on eno cxp|ene||on |vcn |o us eno on |hc ces|s
of our cxem|ne||on of |hc coo|s of eccoun|s, of |hc Compeny hes cccn
cncre||y rcu|er |n ocpos|||n |hc uno|spu|co s|e|u|ory oucs |nc|uo|n
|rov|ocn| |uno, lnvcs|or |ouce||on eno |ro|cc||on |uno, |mp|oyccs s|e|c
lnsurencc, lncomc ex, Se|cs ex, \ce||h ex, Scrv|cc ex, Cus|om |u|y,
|xc|sc |u|y, Ccss |o |hc cx|cn| epp||cec|c eno eny o|hcr s|e|u|ory oucs
hevc cncre||y cccn rcu|er|y ocpos||co v||h |hc eppropr|e|c eu|hor|||cs.
/ccoro|n |o |hc |nforme||on eno cxp|ene||on |vcn |o us, |hcrc vcrc no
ou|s|eno|n s|e|u|ory oucs es on 31
s|
Verch, 2O13 for e pcr|oo of morc
|hen s|x mon|hs from |hc oe|c |hcy cccemc peyec|c.
,c) /ccoro|n |o |nforme||on eno cxp|ene||ons |vcn |o us, |hcrc |s no
emoun| peyec|c |n rcspcc| of lncomc ex, \ce||h |ex, Scrv|cc |ex, Se|cs
ex, Cus|om |u|y eno |xc|sc |u|y vh|ch hevc no| cccn ocpos||co on
eccoun| of eny o|spu|c.
,x) hc Compeny oocs no| hevc eny eccumu|e|co |oss eno hes no| |ncurrco cesh
|oss our|n |hc nnenc|e| ycer covcrco cy our euo|| eno |n |hc |mmco|e|c|y
prccco|n nnenc|e| ycer.
,x|) besco on our euo|| proccourcs eno on |hc |nforme||on eno cxp|ene||on
|vcn cy |hc menecmcn|, vc erc of |hc op|n|on |he|, |hc Compeny hes no|
ocfeu||co |n rcpeymcn| of oucs |o e nnenc|e| |ns|||u||on, cen| or occcn|urc
ho|ocrs.
,x||) /ccoro|n |o |hc |nforme||on eno cxp|ene||on |vcn |o us, |hc compeny hes
no| ren|co |oens eno eovenccs on |hc ces|s of sccur||y cy vey of p|coc of
,x|||) hc Compeny |s no| e ch|| funo or e n|oh| / mu|ue| ccncn| funo / soc|c|y.
hcrcforc, |hc prov|s|ons of |h|s c|eusc of |hc Compen|cs ,/uo||or's |cpor|)
Orocr, 2OO3 ,es emcnoco) |s no| epp||cec|c |o |hc Compeny.
,x|v) /ccoro|n |o |hc |nforme||on eno cxp|ene||on |vcn |o us, |hc Compeny |s no|
oce||n |n or |reo|n |n Shercs, Vu|ue| funos & o|hcr lnvcs|mcn|s.
,xv) /ccoro|n |o |hc |nforme||on eno cxp|ene||on |vcn |o us, |hc Compeny hes no|
|vcn eny ueren|ccs for |oen |e|cn cy o|hcrs from e cen| or nnenc|e| |ns|||u||on.
,xv|) besco on our euo|| proccourcs eno on |hc |nforme||on |vcn cy |hc
menecmcn|, vc rcpor| |hc Compeny hes no| re|sco |crm |oens our|n |hc ycer.
,xv||) besco on |hc |nforme||on eno cxp|ene||on |vcn |o us eno on en ovcre||
cxem|ne||on of |hc be|encc Shcc| of |hc Compeny es e| 31
s|
Verch, 2O13, vc
rcpor| |he| no funos re|sco on shor|-|crm ces|s hevc cccn usco for |on-|crm
|nvcs|mcn| cy |hc Compeny.
,xv|||) besco on |hc euo|| proccourcs pcrformco eno |hc |nforme||on eno cxp|ene||on
|vcn |o us cy |hc menecmcn|, vc rcpor| |he| |hc Compeny hes no| meoc eny
prcfcrcn||e| e||o|mcn| of shercs our|n |hc ycer.
,x|x) hc Compeny hes no| |ssuco eny occcn|urc, conscqucn||y |hc prov|s|on of
c|eusc ,x|x) of |hc compen|cs ,/uo||or's |cpor|) Orocr, 2OO3 ,es emcnoco)
erc no| epp||cec|c |o |hc compeny.
,xx) hc Compeny hes no| re|sco eny moncy cy puc||c |ssuc our|n |hc ycer.
,xx|) besco on |hc euo|| proccourcs pcrformco eno |hc |nforme||on eno cxp|ene||on
|vcn |o us, vc rcpor| |he| no freuo on or cy |hc Compeny hes cccn no||cco
or rcpor|co our|n |hc ycer, nor hevc vc cccn |nformco of such cesc cy |hc
menecmcn|.
|or |O|/S & |/|S
||rms' |c|s|re||on |o. OO4372|
,|ervccn |umer S|nhe|)
|e|c : 29 /pr||, 2O13 |er|ncr
||ecc : |cv |c|h| Vcmccrsh|p |o. O9O7OO
HYDRO LIMITED, NEW DELHI FOR THE YEAR ENDED 31 MARCH 2013.
hc prcpere||on of nnenc|e| s|e|cmcn|s of ||C |yoro ||m||co, |cv |c|h|, for |hc ycer cnoco 31
s|
Verch 2O13 |n eccoroencc v||h |hc nnenc|e| rcpor||n fremcvor| prcscr|cco
unocr |hc Compen|cs /c|, 195o, |s |hc rcspons|c||||y of |hc menecmcn| of |hc Compeny. hc s|e|u|ory euo||ors eppo|n|co cy |hc Comp|ro||cr eno /uo||ors Gcncre| of lno|e
unocr Scc||on o19,2) of |hc Compen|cs /c|, 195o, erc rcspons|c|c for cxprcss|n op|n|on on |hcsc nnenc|e| s|e|cmcn|s unocr Scc||on 227 of |hc Compen|cs /c|, 195o, cesco
on |nocpcnocn| euo|| |n eccoroencc v||h |hc euo|||n eno essurencc s|enoeros prcscr|cco cy |hc|r profcss|one| cooy |hc lns|||u|c of Cher|crco /ccoun|en|s of lno|e. h|s
|s s|e|co |o hevc cccn oonc cy |hcm v|oc |hc|r /uo|| |cpor| oe|co 29 /pr|| 2O13.
l, on cche|f of |hc Comp|ro||cr eno /uo||ors Gcncre| of lno|e, hevc conouc|co e supp|cmcn|ery euo|| unocr Scc||on o19 ,3) ,c) of |hc Compen|cs /c|, 195o of |hc nnenc|e|
s|e|cmcn|s of ||C |yoro ||m||co, |cv |c|h| for |hc ycer cnoco 31 Verch 2O13. h|s supp|cmncn|ery euo|| hes cccn cerr|co ou| |nocpcnocn||y v||hou| ecccss |o |hc
vor||n pepcrs of |hc S|e|u|ory /uo||ors eno |s ||m||co pr|mer||y |o |nqu|r|cs of |hc S|e|u|ory /uo||ors eno compeny pcrsonnc| eno e sc|cc||vc cxem|ne||on of somc of |hc
eccouno|n rccoros. On |hc ces|s of my euo|| no|h|n s|n|ncen| hes comc |o my |nov|coc vh|ch vou|o |vc r|sc |o eny commcn|s upon or supp|cmcn| |o S|e|u|ory
/uo||ors' rcpor| unocr Scc||on o19 ,4) of |hc Compen|cs /c|, 195o.
||ecc: |cv |c|h|
|e|co: Oo !unc, 2O13
,br| Vohen)
|r|nc|pe| ||rcc|or of Commcrc|e| /uo|| & |x-ofnc|o Vcmccr,
/uo|| boero-lll, |cv |c|h|
NTPC HYDRO LIMITED
37
th
NTPC VIDYUT VYAPAR NIGAM LIMITED
,/ vho||y ovnco sucs|o|ery of ||C ||m||co)
DIRECTORS REPORT
o
|cer Vcmccrs,
/our ||rcc|ors hevc p|cesurc |n prcscn||n |hc ||cvcn|h /nnue| |cpor| on |hc vor||n
of |hc Compeny for |hc nnenc|e| ycer cnoco on 31
s|
Verch 2O13 |oc|hcr v||h
/uo||co S|e|cmcn| of /ccoun|s, /uo||ors' |cpor| eno |cv|cv cy |hc Comp|ro||cr &
/uo||or Gcncre| of lno|e for |hc rcpor||n pcr|oo.
FINANCIAL RESULTS
,` |n Crorc)
2012-13 2O11-12
o|e| |cvcnuc 3075.32 2379.18
o|e| |xpcno||urc 3012.28 2319.92
|ron| /,|oss) ccforc cxccp||one| eno
cx|reoro|nery ||cms
63.04 59.2o
|xccp||one| l|cms (115.82) 1O7.18
|ron|/,|oss) ccforc ex (52.78) 1oo.44
ex cxpcnscs (17.94) 54.51
|ron|/,|oss) for |hc ycer (34.84) 111.93
DIVIDEND
|ur|n |hc nnenc|e| ycer 2O12-13, ||rcc|ors hevc no| rccommcnoco eny o|v|ocno.
ENERGY TRADING-BUSINESS
ln eccoroencc v||h Ccn|re| ||cc|r|c||y |cu|e|ory Comm|ss|on ,C||C) no||nce||on,
your Compeny |s e |reo|n ||ccnscc unocr Ce|cory l ,h|hcs| ce|cory).
|ur|n |hc nnenc|e| ycer unocr rcv|cv mer|n from |reoc of cncry ves `43.O4 Crorc
from |reoc of 8382 m||||on un||s |nc|uo|n 152O m||||on un||s |reoco unocr S\/|
errencmcn|s eno 159O m||||on un||s |reoco unocr So|er buno|co cncry, es
comperco |o mer|n of `44.82 Crorc from |reoc of cncry of 8529 m||||on un||s
|nc|uo|n 299o m||||on un||s |reoco unocr S\/| errencmcn|s eno 329 m||||on un||s
|reoco unocr So|er buno|co cncry |n |hc nnenc|e| ycer 2O11-12. hc ovcre|| vo|umc
of cncry |reoco cy Compeny our|n |hc nnenc|e| ycer 2O12-13 hes mer|ne||y
occrcesco cy 1.7% ovcr |es| nnenc|e| ycer 2O11-12.
BUSINESS INITIATIVES
hc Govcrnmcn| of lno|e hes ocs|ne|co your compeny es |hc |ooe| /cncy for
|hesc l of !eveher|e| |chru |e||one| So|er V|ss|on ,!||SV) v||h e menoe|c for
purchesc of povcr from |hc so|er povcr procc|s conncc|co |o r|o e| 33 |v eno
ecovc e| |er|ff rcu|e|co cy C||C eno for se|c of such povcr cuno|co v||h |hc
povcr sourcco from ||C coe| povcr s|e||ons |o ||s|r|cu||on 0||||||cs unocr |hesc l
,2O1O-2O13) of !||SV vh|ch cnv|secs sc|||n up of 1OOO V\ so|er cepec||y.
/our compeny heo conouc|co |hc proccss of Sc|cc||on of |hc So|er |ovcr
|cvc|opcrs cesco on |hc Gu|oc||ncs |ssuco cy |hc V|n|s|ry of |cv eno |cncvec|c
|ncry for V|re||on |rocc|s Schcmc eno for |cv |rocc|s Schcmc unocr |vo
ce|chcs v|z. be|ch-l eno be|ch-ll.
0nocr |hc V|re||on |rocc|s Schcmc of !||SV, So|er |v |rocc|s of 48 V\ Cepec||y
ou| of 54 V\ con|rec|co hes cccn comm|ss|onco |n |hc S|e|cs of |ees|hen ,35 V\),
Veheresh|re ,11 V\) eno |unec ,2 V\).
0nocr be|ch-l of |cv |rocc|s Schcmc, cesco on sc|cc||on proccss conouc|co cy
your compeny, |ovcr |urchesc /rccmcn|s vcrc s|nco v||h 35 So|er |ovcr
|cvc|opcrs for o1O V\ cepec||y ,14OV\-So|er |v, 47O V\-So|er hcrme|) eno
corrcspono|n |ovcr Se|c /rccmcn|s v||h buy|n 0||||||cs/||scoms of |hc S|e|cs of
/nohre |reocsh, |erne|e|e, \cs| bcne|, |ees|hen, Oo|she, |unec, Veheresh|re,
/ssem, em|| |eou, 0||er |reocsh, Che|||serh eno |vC hevc cccn conc|uoco eno
so|er cepec||y hes cccn e||oce|co |o |hcm es pcr pr|nc|p|cs nne||zco v||h VO|/V|||.
/ So|er |v cepec||y of 13OV\ unocr be|ch-l hes cccn comm|ss|onco |n |hc S|e|cs of
|ees|hen ,1OOV\), /nohre |reocsh ,1OV\), 0||er |reocsh ,5 V\), |erne|e|e ,5
V\), Oo|she ,5 V\) eno em|| |eou ,5V\). hc So|er hcrme| |rocc|s for 47O V\
cepec||y |n |hc S|e|cs of |ees|hen ,4OOV\), /nohre |reocsh ,5O V\) eno Guere|
,2O V\) erc cxpcc|co |o cc comm|ss|onco |n nnenc|e| ycer 2O13-2O14.
0nocr be|ch-ll, ou| of cepec||y of 34O V\, so|er cepec||y of 29O V\ hevc cccn
comm|ss|onco |n |hc s|e|cs of |ees|hen ,285 V\) eno Veheresh|re,5 V\).
/s on 31
s|
Verch 2O13, e |o|e| so|er cepec||y of 4o8 V\ hes cccn comm|ss|onco eno
corrcspono|n e||oce||on of ||C coe| povcr hes cccn meoc cy V|n|s|ry of |ovcr.
|ur|n |hc nnenc|e| ycer 2O12-13, e |o|e| of 159O V0s of cuno|co povcr ,|nc|uo|n
- 351 V0s of So|er |ovcr) hes cccn supp||co cy your compeny |o |hc ||scoms of
|ees|hen, |unec, Veheresh|re, /nohre |reocsh, 0||er |reocsh, em|| |eou eno
Oo|she.
/our Compeny hes e|so cccn ocs|ne|co es |hc nooe| ecncy for cross corocr |reo|n
of povcr v||h ben|eocsh eno bhu|en. hc |ovcr |urchesc /rccmcn| ,||/) for
supp|y of 25O V\ povcr from ||C s|e||ons for 25 ycers hes cccn s|nco on |cc 28,
2O12 cc|vccn your Compeny eno ben|eocsh |ovcr |cvc|opmcn| boero. hc |ovcr
supp|y |o ben|eocsh |s cxpcc|co |o commcncc from /uus|/Scp|cmccr 2O13.
/our Compeny hes cxcc||co |n meny nc|os |nc|uo|n cxpeno|n cus|omcr cesc,
sc|||n cep||vc povcr, sc|||n povcr of lnocpcnocn| |ovcr |roouccrs ,l||s),
cn|cr|n |n|o povcr cen||n errencmcn|s c|c. hc cus|omcr cesc of your Compeny
hes |ncrcesco |o 1OO vh|ch |nc|uoc pr|ve|c ||scoms eno e|so u||||||cs. hc Compeny
hes me|n|e|nco e s|ron prcscncc |n e|| |hc nvc rc|ons of lno|e.
/our Compeny |s e|so per||c|pe||n |n Cesc-l |cnocrs of ver|ous u||||||cs. hc Compeny
hes rccc|vco |c||cr of ln|cn| from |cre|e S|e|c ||cc|r|c||y boero for supp|y of 3OO V\
from Che|||serh ,CS||C|) for 3 ycers s|er||n from Verch, 2O14 |o |ccruery, 2O17
hc cus|ncss |n|||e||vc for se|c of ||y esh eno Ccnosphcrc vcrc s|er|co our|n |hc ycer
2OO5-Oo. |ur|n |hc nnenc|e| ycer 2O12-13, 4198471 V of ||y /sh ves so|o es
comperco |o 378247O V of ||y /sh so|o |n |hc nnenc|e| ycer 2O11-12. hc /sh se|c
rcvcnuc con|r|cu|cs |o /sh |uno cons|||u|co |n ||nc v||h VO|| |o||nce||on of
|ovcmccr 3, 2OO9. |c| /oo|||on |o /sh |uno |n 2O12-13 ves of `1O8 Crorc
,|nc|uo|n en |n|crcs| of `2O Crorc) es ee|ns| ò8 Crorc ,|nc|uo|n en |n|crcs| of ` |||)
|n |hc nnenc|e| ycer 2O11-12.
hc oomcs||c se|c of Ccnosphcrc |s cc|n conouc|co |hrouh |-euc||on por|e| of
VSC ||m||co, e puc||c scc|or compeny. |ur|n |hc ycer unocr rcv|cv |hc Compeny
hes so|o 24O V of Ccnosphcrc es comperco |o 2O9 V of Ccnosphcrc |n |hc
FIXED DEPOSITS
31
s|
Verch 2O13.
Venecmcn| ||scuss|on eno /ne|ys|s |s cnc|osco e| /nncxurc-l.
AUDITORS REPORT
hc Comp|ro||cr eno /uo||or Gcncre| of lno|e ,C&/G) hevc eppo|n|co V/s /|yer &
Co., Cher|crco /ccoun|en|s es S|e|u|ory /uo||ors of |hc Compeny for |hc nnenc|e|
ycer 2O12-13.
hcrc |s no eovcrsc commcn|, ocscrve||on or rcscrve||on |n |hc /uo||ors' |cpor| on
|hc eccoun|s of |hc Compeny.
ln |hc|r rcpor|, |hc S|e|u|ory /uo||ors of |hc Compeny hevc orevn e||cn||on of |hc
mcmccrs |o |o|c no. 3,e) eno 4,c) rcero|n |rce|mcn| of |n|crcs| on ||y /sh
0||||ze||on |uno. hc V|n|s|ry of |nv|ronmcn| & |orcs|, Govcrnmcn| of lno|e v|oc
no||nce||on oe|co O3.11.2OO9, rcqu|rco |hc Compeny |o |ccp emoun|s co||cc|co
from se|c of ny /sh eno ||y /sh proouc|s |n e scpere|c eccoun|. /s no||nce||on o|o
no| spcc|fy on |rce|mcn| of |n|crcs| on such funos, |n|crcs| |ncomc cernco on |hcsc
funos |s cc|n cons|ocrco es o|hcr |ncomc. /our Compeny hes |rensfcrrco |n|crcs|
|ncomc ,nc| of |excs) |o ||y /sh 0||||ze||on |uno es comperco |o cer||cr prec||cc |o
rc|e|n |hc |ncomc unocr |cscrvcs & Surp|us. hc se|o |rce|mcn| hes cccn cerr|co ou|
v||h rc|rospcc||vc cffcc| cy |rensfcrr|n en emoun| of `19.o9 Crorc from |cscrvcs &
Surp|us |o ||y /sh 0||||ze||on |uno. ||| fur|hcr c|er|nce||on cy V|n|s|ry of |nv|ronmcn|
& |orcs|, Govcrnmcn| of lno|e on |rce|mcn| of |n|crcs| |ncomc, ecovc mcn||onco
prec||cc |s fo||ovco cesco on rccommcnoe||on of C&/G.
hc S|e|u|ory /uo||ors of |hc Compeny hevc e|so orevn e||cn||on of |hc mcmccrs |o
|o|c no. 7 eno 25, |n rcspcc| of funos rce||zco cy |hc Compeny on eccoun| of non-
pcrformencc cy |hc So|er |ovcr |cvc|opcrs unocr |hc !eveher |e| |chru So|er
V|ss|on. ln pursuencc of commun|ce||on rccc|vco from |hc V|n|s|ry of |cv &
|cncvec|c |ncry, Govcrnmcn| of lno|e, en emoun| of `7.oo Crorc for nnenc|e| ycer
2O1O-11, `1O7.15 Crorc for nnenc|e| ycer 2O11-12 eno |n|crcs| eccruco |hcrcon of
`1.O1 Crorc hevc cccn rcvcrsco our|n |hc ycer unocr cxccp||one| ||cms |hcrccy
effcc||n |hc pron|/|oss for |hc ycer |o |hc se|o cx|cn| v||h conscqucn| cffcc| on
|cscrvcs & Surp|us. /n emoun| of `13.95 Crorc es ||qu|oe|co oemecs rccc|vco |n
|hc currcn| ycer on |e|c comm|ss|on|n of So|er |ovcr ||en|s |s crco||co |o |c|cn||on
on //c cnceshmcn| ,So|er)'. |ur|hcr, en emoun| of `8.41 Crorc |s e|so |rensfcrrco on
eccoun| of eccruco |n|crcs| for |hc currcn| ycer |n |hc se|o rc|e|nco emoun|. hc
|rce|mcn| hes cccn oonc es pcr |hc eforcse|o commun|ce||on eno |hc semc v||| cc
fo||ovco |||| fur|hcr orocrs.
REVIEW OF ACCOUNTS BY THE COMPTROLLER & AUDITOR GENERAL OF INDIA
hc Comp|ro||cr & /uo||or Gcncre| of lno|e ,C&/G), v|oc |c||cr oe|co Vey 23, 2O13,
hes occ|oco no| |o rcv|cv |hc rcpor| of |hc S|e|u|ory /uo||ors on |hc eccoun|s of |hc
Compeny for |hc nnenc|e| ycer cnoco Verch 31, 2O13 eno es such hes no commcn|s
|o me|c unocr Scc||on o19,4) of |hc Compen|cs /c|, 195o. / copy of |hc |c||cr
|ssuco cy C&/G |n |h|s rcero |s p|ecco ef|cr rcpor| of S|e|u|ory /uo||ors of your
Compeny.
EXCHANGE EARNING AND OUTGO
hcrc erc no s|n|ncen| per||cu|ers, rc|e||n |o conscrve||on of cncry, |cchno|oy
ecsorp||on unocr |hc Compen|cs ,||sc|osurc of per||cu|ers |n |hc |cpor| of boero of
37
th
||rcc|ors) |u|cs, 1988, es your Compeny oocs no| ovn eny menufec|ur|n fec||||y.
|ur|n |hc nnenc|e| ycer unocr rcv|cv |hc Compeny o|o no| hevc eny forc|n
currcncy cern|ns. /n cxpcno||urc of Ò.O2 crorc |n forc|n currcncy hes cccn
|ncurrco for |revc|||n of cmp|oyccs our|n |hc nnenc|e| ycer unocr rcv|cv.
/s pcr |o||nce||on |o. GS| 289,|) oe|co 31 Verch, 2O11 |ssuco cy |hc V|n|s|ry of
Corpore|c /ffe|rs, emcno|n |hc prov|s|ons of |hc Compen|cs ,|er||cu|ers of
|mp|oyccs) |u|cs, 1975, || |s no| ncccssery for |hc Compeny cc|n e Govcrnmcn|
compeny |o |nc|uoc |hc per||cu|ers of cmp|oyccs orev|n se|er|cs of òO |e|h or
morc pcr ennum, cmp|oyco |hrouhou| |hc nnenc|e| ycer or `5 |e|h pcr mon|h, |f
cmp|oyco for per| of |hc nnenc|e| ycer. |ovcvcr, such per||cu|ers she|| cc meoc
eve||ec|c |o |hc shercho|ocrs on e spcc|nc rcqucs| meoc cy |hcm our|n |hc coursc
of |h|s /nnue| Gcncre| Vcc||n.
AUDIT COMMITTEE
/s pcr |hc prov|s|ons of Scc||on 292/ of |hc Compen|cs /c|, 195o, your Compeny
hes en /uo|| Comm|||cc of |hc boero compr|s|n of Shr| /.|. S|nhe|, Shr| l.!. |epoor
eno Shr| |.|. V|sre, ||rcc|ors of |hc Compeny. vo mcc||ns of |hc /uo|| Comm|||cc
vcrc hc|o our|n |hc nnenc|e| ycer 2O12-13. hc scn|or-mos| ||rcc|or on |hc /uo||
Comm|||cc Che|rco |hc mcc||n eno quorum |s of |vo ||rcc|ors.
/s rcqu|rco unocr Scc||on 217 ,2//) of |hc Compen|cs /c|, 195o, your ||rcc|ors
connrm |he|:
,|) |n |hc prcpere||on of |hc ennue| eccoun|s, |hc epp||cec|c eccoun||n s|enoeros
heo cccn fo||ovco e|on v||h propcr cxp|ene||on rc|e||n |o me|cr|e|
ocper|urcs,
,||) |hc ||rcc|ors heo sc|cc|co such eccoun||n po||c|cs eno epp||co |hcm
cons|s|cn||y eno meoc uomcn|s eno cs||me|cs |he| erc rcesonec|c eno pruocn|
so es |o |vc e |ruc eno fe|r v|cv of |hc s|e|c of effe|rs of |hc compeny e| |hc cno
of |hc nnenc|e| ycer 2O12-13 eno of |hc |oss of |hc compeny for |he| pcr|oo,
Annexure-I
INDUSTRY STRUCTURE AND DEVELOPMENTS
reo|n |s en csscn||e| |oo| for op||m|se||on of rcsourccs eno p|eys en |mpor|en| ro|c
|n |hc currcn| mer|c| sccner|o of ocnc|| povcr es || cnec|cs |hc s|e|c u||||||cs |o fu||y
u||||sc |hc cx|s||n eno cep||vc sourccs of cncre||on. hc quen|um of povcr cc|n
|reoco |n shor| |crm hes cccn |ncrces|n ovcr |hc ycers e|on v||h occ||n|n |rcno of
pr|ccs. \||h |hc ||cc|r|c||y /c| 2OO3, rccon|s|n reo|n es e o|s||nc| ec||v||y, reo|n
of ||cc|r|c||y hes cccn rov|n s|ncc |hcn. hc mu|||-cuycr eno mu|||-sc||cr mer|c|
mooc| hes hc|pco |n |hc rov|h of |reo|n cus|ncss v||h |ncrces|n numccr of
|reo|n ||ccnsccs.
Shor| |crm reo|n |s e|so csscn||e| for ce|enc|n |hc ocmeno v||h supp|y ccs|ocs
mcc||n |hc con||ncncy ocmeno of S|e|cs.
hc ren| of reo|n ||ccnsc for ln|cr-s|e|c |reo|n |s ovcrnco cy C||C |cu|e||ons,
2OO9 |nc|uo|n ||s /mcnomcn| |ssuco from ||mc |o ||mc.
C||C hes nxco e cc|||n |reo|n mer|n for shor| |crm |reoc e| 7 pe|sc pcr |\h |n cesc
|hc se|c pr|cc |s cxccco|n `3 pcr |\h eno 4 pe|sc pcr |\h vhcrc se|c pr|cc |s |css
|hen or cque| |o `3 pcr |\h. |ovcvcr, rensec||ons |hrouh povcr svepp|n/
cen||n erc ou| of purv|cv of |hc C||C |cu|e||ons for Shor| crm reo|n.
|ur|n |hc |es| four ycers, o3 |reocrs hevc oc|e|nco ||ccnscs for scrv|n |hc nccos of
|hc ver|ous c||cn|s, ou| of vh|ch 21 nos. of ||ccnsccs hevc cccn rcvo|co / surrcnocrco
/ cencc||co. hc |reocrs erc |ssuco ||ccnsc unocr ce|cor|cs l, ll or lll ocpcno|n on
|hc vo|umc of un||s proposco |o cc |reoco eno nc| vor|h. |ur|n 2O12-13 ou| of |hc
c|cc|r|c||y cncre||on of epprox|me|c|y 9O7 c||||on un||s, epprox|me|c|y 74 c||||on
un||s vcrc |reoco, rcprcscn||n 8.17% of |reo|n |o |o|e| cncre||on.
S|ruc|urc of |ovcr lnous|r|cs |n lno|e*
,|) |on crm ,89.1%) 8O8 b0
,||) |ovcr reo|n ,8.2%) 74 b0
,|||) be|enc|n Ver|c| ,0l) ,2.7%) 25 b0
Total 9O7 b0
hc |reo|n of |ovcr |n lno|e*
,|) b||e|cre| reo|n 37 b0
,||) b||e|cre| ||rcc| 15 b0
,|||) hrouh |ovcr |xchenc 23 b0
Total 74 b0
*Sourcc: C||C
,|||) |hc ||rcc|ors heo |e|cn propcr eno sufnc|cn| cerc for |hc me|n|cnencc of
eocque|c eccoun||n rccoros |n eccoroencc v||h |hc prov|s|ons of |hc
Compen|cs /c|, 195o for sefcuero|n |hc essc|s of |hc compeny eno for
prcvcn||n eno oc|cc||n freuo eno o|hcr |rrcu|er|||cs,
,|v) |hc ||rcc|ors heo prcperco |hc ennue| eccoun|s on o|n conccrn ces|s.
BOARD OF DIRECTORS
|ur|n |hc nnenc|e| ycer unocr rcv|cv Shr| S.|. S|nh, hes ccesco |o cc |hc ||rcc|or
of |hc Compeny v.c.f. |ccruery 28, 2O13 ,//|), conscqucn| upon supcrennue||on
from scrv|ccs of ||C ||m||co.
hc boero of ||rcc|ors, conscqucn| upon nom|ne||on rccc|vco from ||C ||m||co,
heo eppo|n|co Shr| 0.|. |en|, ||rcc|or ,|umen |csourccs), ||C ||m||co es en
/oo|||one| ||rcc|or of |hc Compeny. Shr| 0.|. |en| ho|os ofncc up |o |hc oe|c of |h|s
/nnue| Gcncre| Vcc||n eno |s c|||c|c for eppo|n|mcn|. hc Compeny hes rccc|vco
e rcqu|s||c no||cc |n vr|||n from ||C ||m||co, propos|n h|s ceno|oe|urcs for |hc
ofncc of ||rcc|or ||ec|c |o rc||rc cy ro|e||on.
ln eccoroencc v||h |hc prov|s|ons of Compen|cs /c|, 195o, Shr| /.|. S|nhe|,
||rcc|or she|| rc||rc cy ro|e||on e| |h|s /nnue| Gcncre| Vcc||n of your Compeny eno,
cc|n c|||c|c, offcrs h|msc|f for rceppo|n|mcn|.
ACKNOWLEDGMENT
hc boero of ||rcc|ors v|sh |o p|ecc on rccoro |hc|r epprcc|e||on for |hc suppor|
eno co-opcre||on cx|cnoco cy ||C ||m||co, |hc Ccn|re| ||cc|r|c||y |cu|e|ory
Comm|ss|on, |hc ve|uco cus|omcrs of |hc Compeny, ver|ous S|e|c ||cc|r|c||y boeros,
|hc /uo||ors eno |hc ben|crs of |hc Compeny.
STRENGTH AND WEAKNESS
/our Compeny's s|rcn|h ||cs |n ||s essoc|e||on v||h s|ron promo|cr v|z. ||C
||m||co hev|n form|oec|c nc|vor|, cs|ec||shco reppor|, crco|c||||y v||h po|cn||e|
cuycrs & sc||crs eno cec|co v||h profcss|one| menpovcr from ||C.
/our Compeny |s cxposco |o crco|| r|s| ouc |o cuycr's |nec||||y |o me|c ||mc|y
peymcn|s v||hou| eny s|ron peymcn| sccur||y mcchen|sm |n p|ecc.
OPPORTUNITIES AND THREATS
V|n|s|ry of |ovcr, Govcrnmcn| of lno|e p|ens |o cnhencc |hc cx|s||n |n|cr rc|one|
povcr |rensfcr cepec||y of 2975O V\ |o o3OOO V\ cy cno of 12
|h
||en pcr|oo. h|s
vou|o prov|oc cons|ocrec|c oppor|un|||cs for cnhenccmcn| of |reo|n vo|umcs.
Veny lnocpcnocn| |ovcr |roouccrs erc sc|||n up cncre||on cepec|||cs rcscrvco es
mcrchen| cepec||y for se|c |n |hc mer|c|. h|s v||| prov|oc oppor|un||y |o |hc
Compeny for cep|ur|n such mcrchen| cepec||y for |reo|n.
ln rcccn| ||mcs |hc numccr of pr|ve|c |reocrs hes |ncrcesco eno |hcy erc |reo|n
povcr v||hou| propcr cec|-|o-cec| peymcn| sccur||y mcchen|sm. ln v|cv of |hc
ecovc your compeny |s hev|n |hc |hrce| of non ||mc|y peymcn| cy cuycrs.
OUTLOOK
/our Compeny hes cccn ocs|ne|co es onc of |hc nooe| ecnc|cs for cross corocr
|reo|n of povcr v||h bhu|en eno ben|eocsh. hc |ovcr |urchesc /rccmcn|
cc|vccn |hc Compeny eno ben|eocsh |ovcr |cvc|opmcn| boero ,b||b) for
supp|y of 25O V\ povcr from ||C s|e||ons for 25 ycers hes cccn s|nco on
|ccruery 28, 2O12. hc |ovcr supp|y |o ben|eocsh |s cxpcc|co |o commcncc from
/uus|/Scp|cmccr 2O13. Cross corocr |reo|n of povcr from bhu|en |s cxpcc|co |o
commcncc from 2O1o-17 v||h |hc comm|ss|on|n of ncv procc|s.
/our Compeny hes e|so cccn ocs|ne|co es nooe| ecncy unocr |hesc l of |hc
!eveher|e| |chru |e||one| So|er V|ss|on ,!||SV) for cuy|n povcr from so|er
povcr ocvc|opcrs |n lno|e eno sc|||n |o o|s|r|cu||on u||||||cs ef|cr cuno||n v||h
une||oce|co cqu|ve|cn| cepec||y from ||C povcr s|e||ons. hc cus|ncss unocr |h|s
scmcn| our|n |hc nnenc|e| ycer 2O12-13 ves 159O V0s.
/our Compeny |s e|so sc|||n ny esh from ||C p|en| e| |eor|, 0ncheher |ehe|eon,
|emeunoem eno beoerpur.
RISKS AND CONCERNS
hc |reo|n mer|n ceppco cy C||C for c|cc|r|c||y |reo|n ||m||s rcvcnucs of |reo|n
compen|cs. hc r|s| c|s fur|hcr cnhencco ouc |o |erc numccr of pr|ve|c p|eycrs
offcr|n |ovcr |reo|n mer|n |hen |hc ceppco |reo|n mer|n. /our Compeny
con||nucs |o focus on |ncrces|n ||s mer|c| sherc |n povcr |reo|n v||h cmphes|s on
cec|-|o-cec| errencmcn|s |n orocr |o m|||e|c r|s|s vh||c me||n cnocevors |o
|ncrcesc |hc cus|ncss.
37
th
INTERNAL CONTROL
/our Compeny hes eocque|c |n|crne| con|ro| sys|cms eno proccourcs |n p|ecc
commcnsure|c v||h |hc s|zc eno ne|urc of ||s cus|ncss. /our Compeny hes eoop|co
|hc |n|crne| con|ro| sys|cm of ||s ho|o|n compeny v|z. ||C ||m||co. hc eu|hor|||cs
vcs|co |n ver|ous |cvc|s erc cxcrc|sco v||h|n fremcvor| of eppropr|e|c chcc|s eno
ce|enccs. |ffcc||vcncss of e|| chcc|s eno ce|enccs eno |n|crne| con|ro| sys|cms |s
rcv|cvco our|n |n|crne| euo|| cerr|co ou| cy ln|crne| /uo|| |cper|mcn| of ||C
||m||co. /n |nocpcnocn| |n|crne| euo|| |s e|so cerr|co ou| cy cxpcr|cncco nrm of
Cher|crco /ccoun|en|s |n c|osc co-oro|ne||on v||h ocper|mcn|s of |hc Compeny
eno ln|crne| /uo|| |cper|mcn| of ||C ||m||co. hc ln|crne| /uo|| |cpor|s erc
rcu|er|y rcv|cvco cy |hc /uo|| Comm|||cc of |hc boero of ||rcc|ors.
PERFORMANCE DURING THE YEAR
Operations
/our compeny hes cccn |ssuco ||ccnsc unocr ce|cory l' vh|ch e||ovs |reo|n of
1OOO m||||on un||s eno ecovc cvcry ycer v||hou| eny uppcr ||m||.
hc oc|e||s of |hc cncry |reoco cy |hc Compeny erc es fo||ovs:
Fiscal 2013 ||sce| 2O12
reo|n of cncry V||||on un||s
|ovcr 5272 52O4
So|er buno|co |ovcr 1590 329
|ovcr S\/| /rrencmcn|s 1520 299o
Total 8382 8529
|ur|n |hc ||nenc|e| /cer 2O12-13, your compeny |reoco 8382 m||||on un||s of povcr,
vh|ch |nc|uocs 159O V0s of cuno|co so|er povcr unocr !eveher|e| |chru |e||one|
So|er V|ss|on. hc ovcre|| vo|umc of povcr |reoco cy Compeny hes mer|ne||y
occrcesco cy 1.7% ovcr |es| ycer.
ln |hc pes| |hrcc ycers your compeny hes ocvc|opco e ooo cus|omcr cesc eno hes
scrvco ovcr 1OO cus|omcrs |nc|uo|n S|e|c Govcrnmcn|/|r|ve|c |ovcr 0||||||cs,
Cep||vc |ovcr Gcncre|ors c|c. |n e|| nvc rc|ons |n |hc coun|ry.
ln eoo|||on |o cncry |reo|n, your Compeny |s e|so |reo|n ny esh eno ccnosphcrc.
hc oc|e||s of |hc ny esh eno ccnosphcrc |reoco cy |hc Compeny erc es fo||ovs:
Fiscal 2013 ||sce| 2O12
Vc|r|c on
||y esh 4198471 378247O
Ccnosphcrc 240 2O9
Financial Performance
hc me|n rcvcnuc of your Compeny hes cccn rce||zco cy |reo|n of cncry of 8382
m||||on un||s con|r|cu||n |o 99% of |o|e| rcvcnuc.
` |n Crorc
2012-13 2O11-12
Se|cs
b||e|cre| cncry 2244.49 21o2.84
So|er & hcrme| buno|co |ncry 756.47 147.1O
|ncry unocr S\/| /rrencmcn|s 5.78 3006.74 11.84 2321.78
O|hcr opcre||n |ncomc 36.22 3o.O1
||y /sh eno Ccnosphcrc 108.86 - 84.3O -
|css: rensfcr |o ||y /sh 0||||ze||on
|uno
108.86
-
84.3O -
O|hcr |ncomc 32.36 21.38
Total 3075.32 2379.17
hc V|n|s|ry of |nv|ronmcn| eno |orcs|, Govcrnmcn| of lno|e, |hrouh ||s no||nce||on
oe|co |ovcmccr 3, 2OO9, o|rcc|co |he| |hc emoun| co||cc|co from se|c of ny esh
eno ny esh cesco proouc|s shou|o cc |cp| |n e scpere|c eccoun| hceo eno she|| cc
u||||zco on|y for ocvc|opmcn| of |nfres|ruc|urc or fec|||||cs, promo||on eno fec||||e||on
ec||v|||cs for usc of ny esh un||| 1OO % ny esh u||||ze||on |cvc| |s ech|cvco, |hcrcef|cr
es |on es 1OO% ny esh u||||ze||on |cvc|s erc me|n|e|nco, |hc |hcrme| povcr s|e||on
vou|o cc frcc |o u||||zc |hc emoun| co||cc|co for o|hcr ocvc|opmcn| proremmcs
e|so eno |n cesc, |hcrc |s e rcouc||on |n |hc ny esh u||||ze||on |cvc|s |n |hc sucscqucn|
ycer,s), |hc usc of nnenc|e| rc|urn from ny esh she|| c| rcs|r|c|co |o ocvc|opmcn| of
|nfres|ruc|urc or fec|||||cs eno promo||on or fec||||e||on ec||v|||cs for ny esh u||||ze||on
un||| 1OO% ny esh u||||ze||on |cvc| |s ee|n ech|cvco eno me|n|e|nco.
ln v|cv of |hc ecovc no||nce||on our|n |hc currcn| nnenc|e| ycer |hc Compeny hes
|rensfcrrco |o ny esh u||||ze||on funo en emoun| of `88 Crorc nc| proccco from se|c
of ny esh eno ccnosphcrc es comperco |o ò8 Crorc nc| proccco |rensfcrrco our|n
|hc prcv|ous nnenc|e| ycer.
hc o|e| opcre||n cxpcnscs of |hc Compeny erc es fo||ovs:-
` |n Crorc
2012-13 2O11-12
|urchesc of cncry 2963.70 227o.9o
|cce|c on cncry se|c 36.40 32.25
|mp|oycc ccncn|s cxpcnsc 7.98 o.91
/om|n|s|re||on & o|hcr cxpcnscs 4.15 3.34
|r|or pcr|oo ||cms ,nc|) - ,1.1o)
Total operating expenses 3012.23 2318.3O
|uc |o no||nce||on cy |hc V|n|s|ry of |nv|ronmcn| eno |orcs|, Govcrnmcn| of lno|e,
|hc opcre||n cxpcnscs of ny esh cus|ncss our|n 2O12-13 hes cccn nc||co off v||h
rcvcnuc from se|c of ny esh, hcncc no| |nc|uoco |n opcre||n cxpcnscs.
hc |o|e| cxpcnscs |nc|uo|n opcre||n cxpcnscs of |hc Compeny erc es fo||ovs:-
` |n Crorc
2012-13 2O11-12
o|e| opcre||n cxpcnscs 3012.23 2318.3O
|cprcc|e||on & emor||ze||on cxpcnsc 0.05 O.O4
||nencc cos|:
e. cesh crco||
c. o|hcr
-
-
O.O2
1.55 1.57
Total expenses including operating expenses 3012.28 2319.91
hc ocprcc|e||on cos| es comperco |o |o|e| cxpcnsc |s nc|||c|c s|ncc |hc nxco
essc|s |n |hc compeny erc rcprcscn|co cy furn||urc eno nx|urcs, ||| mech|ncs c|c.
eno |hc Gross b|oc| ves of |hc orocr of Ò.84 Crorc es on 31.3.2O13.
` |n Crorc
2012-13 2O11-12
|ron|/,|oss) ccforc cxccp||one| eno cx|reoro|nery
||cms & |ex
63.04 59.2o
|xccp||one| ||cms (115.82) 1O7.18
Prot /(Loss)before tax (52.78) 1oo.44
|ur|n |hc nnenc|e| ycer unocr rcv|cv |hc Compeny hes rccon|zco |oss of `115.82
Crorc unocr |hc hceo |xccp||one| l|cms', es pcr |hc o|rcc||ons rccc|vco from |hc
V|n|s|ry of |cv eno |cncvec|c |ncry ,V|||) eno c|er|nce||ons souh| |hcrcef|cr.
/s pcr |hc eforcse|o o|rcc||vc |hc fo||ov|n emoun|s vcrc occ||co |o cxccp||one|
||cm eno |cp| es |c|cn||on on //c bG cnceshmcn| ,so|er)':-
,|) `7.oo Crorc ,ross) rccc|vco |n nnenc|e| ycer 2O1O-11,
,||) `1O7.15 Crorc ,ross) rccc|vco |n |hc prcv|ous ycer 2O11-12 cy vey of
cnceshmcn| of ben| Gueren|cc, eno
,|||) eccruco |n|crcs| of `1.O1 Crorc ,ross) up|o 31.O3.2O12 on emoun| |nvcs|co on
eccoun| of |c|cn||on on //c bG cnceshmcn| ,so|er)'.
` |n Crorc
2012-13 2O11-12
Prot/(Loss) before tax (52.78) 1oo.44
ex cxpcnscs (17.94) 54.51
Prot /(Loss) for the year (34.84) 111.93
Dividend
|uc |o |osscs |ncurrco cy |hc Compeny our|n |hc nnenc|e| ycer 2O12-13, ||rcc|ors
hevc no| rccommcnoco eny o|v|ocno.
Reserves & Surplus
ln v|cv of |hc ocscrve||ons of C&/G, e scpere|c cen| eccoun| ves opcnco our|n
currcn| ycer for eccoun||n rccc|p|s for se|c of ny esh/ esh proouc|s. /s ocscrvco cy
Govcrnmcn| /uo||ors, |n|crcs| cernco on ny esh u||||ze||on funo our|n prcv|ous
nnenc|e| ycers eno currcn| nnenc|e| ycer ves |rensfcrrco |o ||y /sh 0||||ze||on |uno
from |cscrvcs & Surp|us.
|ur|n |hc nnenc|e| ycer 2O12-13, |o|e| |n|crcs| of `19.o9 Crorc, on ny esh u||||ze||on
funo, cons|s||n of `7.o3 Crorc ,nc| of |ncomc |ex) pcr|e|n|n |o pcr|oo s|er||n from
O3.11.2OO9 |o 31.O3.2O12 eno `12.Oo Crorc ,nc| of |ncomc |ex) pcr|e|n|n |o currcn|
nnenc|e| ycer ves |rensfcrrco from |cscrvc eno surp|us |o ny esh u||||ze||on funo.
|ur|n |hc nnenc|e| ycer 2O12-13 en emoun| of `12.Oo Crorc ves |rensfcrrco from
37
th
BALANCE SHEET AS AT
(Amount in `)
Particulars Note No. 31.03.2013 31.03.2012
Shareholders funds
Sherc cep||e| 2 200,000,000 2OO,OOO,OOO
|cscrvcs eno surp|us 3 1,230,591,152 1,775,97o,299
1,430,591,152 1,975,97o,299
Fly Ash Utilization Fund 4 2,349,334,677 1,2o9,751,597
|cfcrrco |ex ||ec|||||cs ,|c|) 10 - 139,9O7
O|hcr |on |crm ||ec|||||cs 5 9,906,036 8,532,Oo9
9,906,036 8,o71,97o
Current liabilities
reoc peyec|cs 6 4,383,807,302 3,237,9O5,o41
O|hcr currcn| ||ec|||||cs 7 1,655,595,363 19O,85O,328
Shor|-|crm prov|s|ons 8 - 32O,449,813
6,039,402,665 3,749,2O5,782
TOTAL 9,829,234,530 7,OO3,oO5,o54
ASSETS
Non-current assets
||xco essc|s
en|c|c essc|s 9 4,207,524 2,471,855
ln|en|c|c essc|s 9 14,700 -
|cfcrrco |ex essc|s ,nc|) 10 179,268,996 -
|on-|crm |oens eno eovenccs 11 289,761,188 24,5o5,122
473,252,408 27,O3o,977
Current assets
lnvcn|or|cs 12 134,246 152,735
reoc rccc|vec|cs 13 1,583,544,255 1,o2O,715,22o
Cesh eno cen| ce|enccs 14 5,230,290,672 3,395,484,OO5
Shor|-|crm |oens eno eovenccs 15 29,205,705 34,935,OOO
O|hcr currcn| essc|s 16 2,512,807,244 1,925,281,711
9,355,982,122 o,97o,5o8,o77
TOTAL 9,829,234,530 7,OO3,oO5,o54
S|n|ncen| /ccoun||n |o||c|cs 1
/s pcr our rcpor| of cvcn oe|c |or eno on cche|f of boero of ||rcc|ors
For Aiyar & Co.
||rm |c|s|re||on |o.OO1174|
(Nitin Mehra)
Compeny Sccrc|ery
( N.K.Sharma)
Ch|cf |xccu||vc
Ofnccr
(A.K.Singhal)
||rcc|or
(Arup Roy
Choudhury)
Che|rmen
(C. Chuttani)
|er|ncr
V.|o.9O723
||ecc : |cv |c|h|
|e|co : Vey 2, 2O13
Gcncre| |cscrvc |o Surp|us |n |hc S|e|cmcn| of |ron| eno |oss.
Current Assets
hc currcn| essc|s e| |hc cno of |hc nnenc|e| ycer 2O12-13 vcrc `935.oO Crorc es
comperco |o ò97.oo Crorc |n nnenc|e| ycer 2O11-12 rc|s|cr|n en |ncrcesc of 34%.
` |n Crorc
31.03.2013 31.O3.2O12
lnvcn|or|cs 0.01 O.O2
reoc rccc|vec|cs 158.36 1o2.O7
Cesh eno ben| ce|enccs 523.03 339.55
Shor| |crm |oen eno eovenccs 2.92 3.49
O|hcr currcn| essc|s 251.28 192.53
Total Current Assets 935.60 o97.oo
hc |ncrcesc ves me|n|y on eccoun| of |ncrcesc |n cesh eno cen| ce|encc eno O|hcr
Currcn| essc|s. |ur|n |hc nnenc|e| ycer unocr rcv|cv, |reoc rccc|vec|cs hes
occrcesco |o `158.3o Crorc from `1o2.O7 Crorc. hc meor emoun| of rccc|vec|cs
hes nov cccn rccovcrco from ver|ous cuycrs eno ce|encc emoun| vou|o cc
rce||zco soon. hc Cesh eno ben| be|encc hes |ncrcesco |o `523.O3 Crorc from
`339.55 Crorc ouc |o |ncrcesc |n C||s/|||s eno |hc O|hcr Currcn| essc|s hes
|ncrcesco |o `251.28 Crorc from `192.53 Crorc me|n|y ouc |o |ncrcesc |n unc|||co
rcvcnuc.
Current Liabilities
|ur|n |hc nnenc|e| ycer 2O12-13, Currcn| ||ec|||||cs hevc |ncrcesco |o òO3.94 Crorc
es comperco |o `374.92 Crorc |n |hc nnenc|e| ycer 2O11-12, me|n|y on eccoun| of
|ncrcesc |n |reoc peyec|cs for cncry purchesc.
` |n Crorc
31.03.2013 31.O3.2O12
O|hcr currcn| ||ec|||||cs 165.56 19.O9
Shor|-|crm prov|s|ons - 32.O4
Total Current Liabilities 603.94 374.92
hc shor| |crm prov|s|ons for |hc nnenc|e| ycer unocr rcv|cv hevc cccomc n|| es
comperco |o `32.O4 Crorc |n prcv|ous nnenc|e| ycer, me|n|y on eccoun| of peymcn|
of o|v|ocno eno |hcrc |s no prov|s|on of o|v|ocno our|n currcn| nnenc|e| ycer.
Cash Flow Statement
` |n Crorc
2012-13 2O11-12
Opcn|n cesh eno cesh cqu|ve|cn|s 339.55 144.71
|c| cesh from opcre||n ec||v|||cs 186.92 2O1.82
|c| cesh usco |n |nvcs||n ec||v|||cs 19.80 12.O1
|c| cesh nov from nnenc|n ec||v|||cs (23.24) ,18.99)
|c| chenc |n cesh eno cesh cqu|ve|cn|s 183.48 194.84
C|os|n cesh eno cesh cqu|ve|cn|s 523.03 339.55
hc c|os|n cesh eno cesh cqu|ve|cn| for |hc nnenc|e| ycer cnoco Verch 31, 2O13 hes
|ncrcesco cy 54% from `339.55 Crorc |n |hc prcv|ous ycer |o `523.O3 Crorc |n |hc
currcn| ycer.
Financial Indicators
hc ver|ous pcrformencc |no|ce|ors for |hc nnenc|e| ycer 2O12-13 es comperco |o
nnenc|e| ycer 2O11-12 erc es unocr:-
` |n Crorc
|cscr|p||on 2012-13 2O11-12
/ |) Cep||e| cmp|oyco 143.06 197.oO
||) |c| vor|h 143.06 197.oO
b |) |c|urn on Cep||e| |mp|oyco ,|b/C|) (37%) 84%
||) |c|urn on nc| vor|h ,|//|\) (24%) 57%
C ||v|ocno es % of |qu||y Cep||e| - 1OO
| |ern|n pcr sherc |n ` ,||S) ccforc
cxccp||one| ||cm
21.30 2O.54
| |ern|n pcr sherc |n ` ,||S) ef|cr
cxccp||one| ||cm
(17.42) 55.97
|ur|n |hc nnenc|e| ycer 2O12-13, |hc cep||e| cmp|oyco es vc|| es nc| vor|h hes
occrcesco. hc occrcesc |s me|n|y on eccoun| of rcouc||on |n |cscrvc & Surp|us ouc
|o |rensfcr of |o|e| |n|crcs| of `19.o9 Crorc |o ny esh u||||ze||on funo eno |rensfcr of
`12.Oo Crorc |o Surp|us |n |hc S|e|cmcn| of |ron| eno |oss eno rccon|||on of |oss of
`115.82 Crorc es cxccp||one| ||cm.
Human Resources
/s on 31
s|
Verch 2O13, |hcrc vcrc 52 cmp|oyccs pos|co on scconomcn| ces|s from
ho|o|n compeny v|z. ||C ||m||co. o ech|cvc |hc emc|||ous rov|h |erc|s, |hc
compeny hes orevn profcss|one| menpovcr from ||C vho hevc r|ch cxpcr|cncc
|n oce||n |n ver|ous |cchn|ce|, nnenc|e| eno commcrc|e| |ssucs. Con||nue| |re|n|n
eno up-reoe||on of s||||s of cmp|oyccs |s cnsurco |hrouh menoe|ory 7 men oeys of
|re|n|n cvcry ycer.
S|e|cmcn|s |n |hc Venecmcn| ||scuss|on eno /ne|ys|s ocscr|ccs |hc Compeny's
occc||vcs, procc||ons, cs||me|cs, cxpcc|e||ons mey cc forvero-|oo||n
s|e|cmcn|s' v||h|n |hc mcen|n of epp||cec|c |evs eno rcu|e||ons. /c|ue| rcsu||s
mey very me|cr|e||y from |hosc cxprcssco or |mp||co. lmpor|en| fec|ors |he| cou|o
me|c e o|ffcrcncc |o |hc Compeny's opcre||ons |nc|uoc cconom|c cono|||ons
effcc||n ocmeno/supp|y eno pr|cc cono|||ons |n |hc mer|c|s |n vh|ch |hc Compeny
opcre|cs, chencs |n Govcrnmcn| rcu|e||ons & po||c|cs, |ex |evs eno o|hcr s|e|u|cs
eno |nc|ocn|e| fec|ors.
37
th
,/moun| |n `)
Particulars NOTE No. 31.03.2013 31.O3.2O12
|cvcnuc from opcre||ons 17 30,429,610,119 23,577,92O,449
O|hcr |ncomc 18 323,571,108 213,844,87o
Total Revenue 30,753,181,227 23,791,7o5,325
Expenses
|urchesc of cncry 19 29,637,035,567 22,7o9,o17,299
|cce|c on cncry se|c 363,962,495 322,549,392
Cos| of ny esh/esh proouc|s 20 - -
|mp|oycc ccncn|s cxpcnsc 21 79,769,148 o9,137,718
||nencc cos|s 22 2,629 15,o79,o24
|cprcc|e||on eno emor||ze||on
cxpcnsc
9 573,782 417,4O3
/om|n|s|re||on & o|hcr cxpcnscs 23 41,469,043 33,3oo,444
|r|or pcr|oo ||cms,nc|) 24 - ,11,59o,4O3)
Total expenses 30,122,812,664 23,199,171,477
|ron|/,|oss) ccforc cxccp||one| eno
cx|reoro|nery ||cms & |ex
630,368,563 592,593,848
|xccp||one| ||cms 25 (1,158,216,659) 1,O71,775,OO1
Prot/(Loss) before extraordinary items and tax (527,848,096) 1,oo4,3o8,849
|x|reoro|nery l|cms - -
Prot/(Loss) before tax (527,848,096) 1,oo4,3o8,849
Tax expense:
Currcn| |ex - 545,O5O,799
|cfcrrco |ex (179,408,903) ,9,244)
Total Tax expense (179,408,903) 545O41555
Prot/(Loss) for the year (348,439,193) 1,119,327,294
S|n|ncen| /ccoun||n |o||c|cs 1
|ern|ns pcr cqu||y sherc ,|er ve|uc of
` 1O/- cech) ccforc |xccp||one| ||cms
bes|c 21.30 2O.54
|||u|co 21.30 2O.54
|ern|ns pcr cqu||y sherc ,|er ve|uc of ` 1O/- cech)
ef|cr |xccp||one| ||cms
bes|c (17.42) 55.97
|||u|co (17.42) 55.97
For Aiyar & Co.
(Nitin Mehra)
Compeny Sccrc|ery
( N.K.Sharma)
Ch|cf |xccu||vc
Ofnccr
(A.K.Singhal)
||rcc|or
(Arup Roy
Choudhury)
Che|rmen
(C. Chuttani)
|er|ncr
V.|o.9O723
||ecc : |cv |c|h|
|e|co : Vey 2, 2O13
CASH FLOW STATEMENT FOR THE YEAR ENDED
,/moun| |n `)
31.03.2013 31.03.2012
A.
CASH FLOW FROM
OPERATING ACTIVITIES
Net prot/(loss) before
tax (527,848,096) 1,oo4,3o8,849
Adjustment for:
|cprcc|e||on 573,782 417,4O3
ln|crcs| Chercs 2,o29 15,524,979
ln|crcs| |ncomc ,3O3,52O,421) ,1o9,2O2,423)
lncrcesc |n ||y /sh
0||||ze||on |uno 882,o37,12o o8O,154,7O1
579,693,116 52o,894,ooO
Operating Prot before
Working Capital Changes 51,845,020 2,191,2o3,5O9
Adjustment for:
reoc eno o|hcr rccc|vec|cs ,735,O43,233) ,2,OoO,955,723)
lnvcn|or|cs 18,489 73,29O
reoc peyec|c eno o|hcr
||ec|||||cs 2,o12,O2O,oo3 2,59O,324,895
|oens eno eovenccs 251,2o2,295 ,255,793,OOO)
2,128,258,214 273,o49,4o2
Cash generated from
operations 2,180,103,234 2,4o4,912,971
||rcc| |excs pe|o (310,853,283) ,44o,722,5O8)
Net Cash from Operating
Activities-A 1,869,249,951 2,O18,19O,4o3
B.
CASH FLOW FROM
INVESTING ACTIVITIES
|urchesc of nxco essc|s ,2,352,927) ,57,185)
||spose| of nxco essc|s 28,77o 4,o1O
ln|crcs| on lnvcs|mcn|s
|ccc|vco 24O,17o,O92 137,332,27o
lncomc ex on ln|crcs| on
lnvcs|mcn|s ,39,847,59o) ,17,1o9,73o)
Net Cash used in
Investing Activities -B 198,004,345 12O,1O9,9o5
C.
CASH FLOW FROM
FINANCING ACTIVITIES
||v|ocno pe|o (200,000,000) ,15O,OOO,OOO)
ex on o|v|ocno (32,445,000) ,24,333,75O)
ln|crcs| |e|o (2,629) ,15,524,979)
Net Cash ow from
Financing Activities-C (232,447,629) ,189,858,729)
Net Increase/(Decrease)
in Cash and Cash
equivalents (A+B+C) 1,834,806,667 1,948,441,o99
Cash and Cash equivalents
(Opening balance) * 3,395,484,005 1,447,O42,3Oo
Cash and Cash
equivalents (Closing
balance)* 5,230,290,672 3,395,484,OO5
|O|S
1. Cesh eno Cesh |qu|ve|cn|s cons|s| of Cesh |n |eno & be|encc v||h ben|s.
2. |rcv|ous ycer nurcs hevc cccn rcroupco/rcerrenco vhcrcvcr ncccssery.
*lnc|uocs ` 25000/- ,|rcv|ous ycer ` 25OOO/-) ocpos||co es sccur||y v||h Se|cs
ex /u|hor||y vh|ch |s no| eve||ec|c for usc.
For Aiyar & Co.
(Nitin Mehra)
Compeny Sccrc|ery
( N.K.Sharma)
Ch|cf |xccu||vc
Ofnccr
(A.K.Singhal)
||rcc|or
(Arup Roy
Choudhury)
Che|rmen
(C. Chuttani)
|er|ncr
V.|o.9O723
||ecc : |cv |c|h|
|e|co : Vey 2, 2O13
37
th
1 SIGNIFICANT ACCOUNTING POLICIES
|nc|uo|n eccoun||n s|enoeros no||nco |hcrc unocr.
B. USE OF ESTIMATES
|hc rcpor||n pcr|oo. /||houh such cs||me|cs eno essump||ons erc meoc on
e rcesonec|c eno pruocn| ces|s |e||n |n|o eccoun| e|| eve||ec|c |nforme||on,
C. FLY ASH UTILISATION FUND
1. Se|c of ny esh/ esh proouc|s erc eccoun|co for cesco on re|cs ercco v||h
|hc cus|omcrs. /moun|s co||cc|co erc |cp| unocr scpere|c eccoun| hceo
ny esh u||||ze||on funo' |n eccoroencc v||h |hc ezc||c no||nce||on oe|co
3
ro
|ovcmccr'2OO9 |ssuco cy V|n|s|ry of |nv|ronmcn| eno |orcs|s ,Vo||),
Govcrnmcn| of lno|e.
2. ln|crcs| cernco ,nc| of lncomc ex) on ||y /sh u||||ze||on funo' |s crco||co
|o |hc funo.
D. FIXED ASSETS
1. en|c|c /ssc|s erc cerr|co e| h|s|or|ce| cos| |css eccumu|e|co ocprcc|e||on.
2. ln|en|c|c essc|s erc s|e|co e| |hc|r cos| of ecqu|s|||on |css eccumu|e|co
emor||se||on.
3. ||xco /ssc|s ecqu|rco ou| of ny esh u||||ze||on funo erc o|rcc||y cherco |o
|hc ny esh u||||ze||on funo.
E. FOREIGN CURRENCY TRANSACTIONS
us|n |hc c|os|n re|c.
F. INVENTORIES
1. lnvcn|or|cs erc ve|uco e| |hc |ovcr of, cos| oc|crm|nco on vc|h|co
evcrec ces|s, eno nc| rce||zec|c ve|uc.
2. hc o|m|nu||on |n ve|uc of ocso|c|c / unscrv|ccec|c ||cms |s esccr|e|nco on
rcv|cv eno prov|oco for.
G. INCOME RECOGNITION
1. Se|c of cncry |s eccoun|co for cesco on re|cs ercco v||h |hc cus|omcrs.
2. ln|crcs| cernco ,nc| of lncomc ex) on ||y /sh u||||ze||on funo' |s crco||co
|o |hc funo.
3. hc surcherc on |e|c peymcn|/ovcrouc4 |reoc rccc|vec|cs for se|c of
cncry eno ||qu|oe|co oemecs erc rccon|zco vhcn no s|n|ncen|
unccr|e|n|y es |o mcesurec||||y or co||cc|ec||||y cx|s|s.
H EXPENDITURE
1. |cprcc|e||on |s cherco on s|re|h| ||nc mc|hoo e| |hc re|cs spcc|nco |n
Schcou|c lv of |hc Compen|cs /c|, 195o cxccp| for |hc fo||ov|n essc|s
ocprcc|e||on on vh|ch |s cherco cesco on |hc|r cs||me|co uscfu| ||fc es
mcn||onco cc|ov:
e) |crsone| Compu|crs eno |ep|ops |nc|uo|n pcr|phcre|s 5 /cers
c) |ho|ocop|crs eno |ex Vech|ncs 5 /cers
c) /|r Cono|||oncrs, \e|cr coo|crs eno |cfr|cre|ors 12 /cers
2. |cprcc|e||on on eoo|||ons |o/ ocouc||ons from nxco essc|s our|n |hc ycer
|s cherco on pro-re|e ces|s from/up |o |hc mon|h |n vh|ch |hc essc| |s
eve||ec|c for usc/o|spose|.
3. /ssc|s cos||n up |o ` 5,OOO/- erc fu||y ocprcc|e|co |n |hc ycer of
ecqu|s|||on.
4. Cos| of sof|verc rccon|zco es |n|en|c|c essc|, |s emor||zco on s|re|h|
||nc mc|hoo ovcr e pcr|oo of |ce| r|h| |o usc or cs||me|co ||fc of 3 ycers,
vh|chcvcr |s |css.
|re|n|n & rccru||mcn| eno rcscerch & ocvc|opmcn| erc cherco |o rcvcnuc
|n |hc ycer |ncurrco.
o. |rcpe|o cxpcnscs eno pr|or pcr|oo cxpcnscs/|ncomc of ||cms of
` 1,OO,OOO/- eno cc|ov erc cherco |o ne|ure| hceos of eccoun|s.
7. hc con|r|cu||ons |n rcspcc| of ||ec|||||cs for cmp|oycc ccncn|s cxpcnsc
|overos |cevc, supcrennue||on eno o|hcr ccncn|s |n rcspcc| of cmp|oyccs
pos|co on scconomcn| ces|s erc eccoun|co for es oc|crm|nco eno
eppor||onco cy |hc ho|o|n compeny |.c. ||C ||m||co e| e nxco
pcrccn|ec es pcr |hc s|e|co po||cy.
I. OPERATING LEASE
/ssc|s ecqu|rco on |cesc vhcrc e s|n|ncen| por||on of |hc r|s| eno rcveros of
|hc ovncrsh|p erc rc|e|nco cy |hc |cssor erc c|ess|nco es opcre||n |cescs. |cesc
rcn|e|s erc cherco |o rcvcnuc.
J. PROVISION AND CONTINGENT LIABILITIES
/ prov|s|on |s rccon|zco vhcn |hc compeny hes e prcscn| oc||e||on es e
|hc menecmcn|/ |nocpcnocn| cxpcr|s. hcsc erc rcv|cvco e| cech ce|encc
K. CASH FLOW STATEMENT
2 SHARE CAPITAL
,/moun| |n `)
As at 31.03.2013 31.03.2012
Equity Share Capital
Authorised
2,OO,OO,OOO shercs of per ve|uc of `1O/- cech
,|rcv|ous ycer 2,OO,OO,OOO shercs of per ve|uc
of `1O/- cech) 200,000,000 2OO,OOO,OOO
2,OO,OO,OOO shercs of per ve|uc of ` 1O/- cech
,|rcv|ous ycer 2,OO,OO,OOO shercs of per ve|uc
of ` 1O/- cech) 200,000,000 2OO,OOO,OOO
e) |ur|n |hc ycer , |hc compeny hes no| |ssuco/couh| cec| eny cqu||y shercs.
c) hc ho|ocrs of |hc cqu||y shercs erc cn||||co |o rccc|vc o|v|ocnos es occ|erco
from ||mc |o ||mc eno erc cn||||co |o vo||n r|h|s propor||one|c |o |hc|r
shercho|o|n e| |hc mcc||ns of ||s shercho|ocrs succc| |o epprove| of |hc
shercho|ocrs.
c) /|| shercs erc hc|o cy |hc |o|o|n Compeny |.c. ||C ||m||co eno ||s nom|nccs.
d) Details of shareholders holding more than 5% shares in the company:
Particulars 31.03.2013 31.O3.2O12
No. of
shares
%age
holdings
|o. of
shercs
%ec
ho|o|ns
||C ||m||co eno
||s nom|nccs
20000000 100 2OOOOOOO 1OO
3 RESERVES AND SURPLUS
,/moun| |n `)
As at 31.03.2013 31.03.2012
General Reserve
/s pcr |es| nnenc|e| s|e|cmcn|s 1,764,883,956 884,883,95o
,|css)//oo: rensfcr |o/from Surp|us |n |hc
S|e|cmcn| of |ron| eno |oss (120,649,969) 88O,OOO,OOO
|css: rensfcr |o ny esh u||||se||on funo ,|n|crcs|)
,|o|c 4) 76,295,985 -
C|os|n ce|encc 1,567,938,002 1,7o4,883,95o
Surplus in the Statement of Prot and Loss
/s pcr |es| nnenc|e| s|e|cmcn|s 11,092,343 4,21O,O49
/oo:- |ron|/,|oss) ef|cr |ex for |hc ycer from
S|e|cmcn| of |ron| & |oss (348,439,193) 1,119,327,294
,/oo)/|css:rensfcr from/|o Gcncre| |cscrvc (120,649,969) 88O,OOO,OOO
|css:rensfcr |o ny esh u||||se||on funo ,|n|crcs|)
,|o|c 4) 120,649,969 -
|roposco o|v|ocno - 2OO,OOO,OOO
ex on proposco o|v|ocno - 32,445,OOO
|c| surp|us/,ocnc||) (337,346,850) 11,O92,343
Total 1,230,591,152 1,775,97o,299
e) |ur|n |hc currcn| ycer, |n|crcs| cs||me|co e| ` 7,62,95,985/- ,nc| of |ncomc |ex)
pcr|e|n|n |o |hc pcr|oo from O3.11.2OO9 |o 31.O3.2O12 eno ` 12,Oo,49,9o9/-
,nc| of |ncomc |ex) pcr|e|n|n |o |hc currcn| ycer on ||y esh u||||se||on funo hes
cccn |rensfcrrco |o ||y esh u||||se||on funo' , |o|c 4).
37
th
c) hc compeny hes proposco nne| o|v|ocno for |hc ycer 2O12-13 ` '|||' pcr
cqu||y sherc of per ve|uc ` 1O/- cech , prcv|ous ycer ` 1O/- pcr cqu||y sherc).
4 FLY ASH UTILIZATION FUND
,/moun| |n `)
As at 31.03.2013 31.O3.2O12
/s pcr |es| nnenc|e| s|e|cmcn|s 1,269,751,597 589,59o,89o
/oo: rensfcr from se|cs ,|o|c 17) 1,088,620,403 843,O1o,824
rensfcr from rcscrvc eno surp|us ,ln|crcs|)
,|o|c 3) 196,945,954 -
|css: 0||||zco our|n |hc ycer
Cep||e| cxpcno||urc ,|o|c 9) 466,999 4O,4o2,858
Cos| of ny esh/esh proouc|s ,|o|c 2O) 23,438,456 1O,355,2O7
|mp|oycc ccncn|s cxpcnsc ,|o|c 21) 69,405,332 55,935,453
/om|n|s|re||on & o|hcr cxpcnscs ,|o|c 23) 112,672,490 5o,1O8,oO5
205,983,277 1o2,8o2,123
Total
2,349,334,677 1,2o9,751,597
e) hc Compeny sc||s ny esh eno ccnosphcrc |vcn frcc of cos| cy ||s
ho|o|n compeny ||C ||m||co. /s pcr |hc ezc||c no||nce||on oe|co 3
ro

|ovcmccr'2OO9 |ssuco cy V|n|s|ry of |nv|ronmcn| eno |orcs|s ,Vo||),
Govcrnmcn| of lno|e, |hc emoun|s co||cc|co from se|c of ny esh eno ny esh
cesco proouc|s she|| cc |cp| |n e scpere|c eccoun| hceo eno cc u||||zco
on|y for ocvc|opmcn| of |nfres|ruc|urc or fec|||||cs, promo||on eno fec||||e||on
ec||v|||cs for usc of ny esh un||| 1OO% ny esh u||||ze||on |cvc| |s ech|cvco. ln
comp||encc v||h |hc se|o no||nce||on, |hc compeny hes crce|co e ny esh
u||||ze||on funo |n ||s coo|s of eccoun|s, |o vh|ch |hc cn||rc se|c procccos of
ny esh eno ccnosphcrc for |hc ycer emoun||n |o ` 1,08,86,20,403/- ,prcv|ous
ycer ` 84,3O,1o,824/-) hes cccn |rensfcrrco.
c) |ur|hcr, our|n currcn| ycer, |n|crcs| cs||me|co |o hevc cccn cernco on |hc funo
emoun||n |o `19,o9,45,954/- ,` 7,o2,95,985/- ,nc| of |ncomc |ex) pcr|e|n|n |o
|hc pcr|oo from O3.11.2OO9 |o 31.O3.2O12 eno `12,Oo,49,9o9/- ,nc| of |ncomc
|ex) pcr|e|n|n |o |hc currcn| ycer) hes cccn |rensfcrrco from |cscrvc eno
surp|us' , |o|c 3).
c) |ur|n |hc currcn| ycer |hc compeny u||||zco e sum of ` 20,59,83,277/-,prcv|ous
ycer `1o,28,o2,123/-) |overos o|rcc|/|no|rcc| cxpcnscs ,|nc|uo|n cep||e|
cxpcnscs) es oc|crm|nco eno epprovco cy |hc menecmcn|. hc |no|rcc|
cxpcnscs of ` 7,39,5o,243/- on eccoun| of cmp|oycc cos|, eom|n|s|re||on eno
o|hcr cxpcnscs hevc cccn e||oce|co |n |hc re||o of ross mer|n on se|c of
povcr eno ny esh & ||s proouc|s.
o) Cons|ocr|n |hc op|n|on of |hc |ex consu||en|, |hcrc |s e |rensfcr of se|c
procccos ,|ncomc) cy ovcrr|o|n cffcc| ccceusc |hc se|c procccos oo no|
cc|on |o |hc compeny s|ncc || hes |o cc usco for spcc|nco purposcs. hc
emoun|s co||cc|co she|| cc e ||ec||||y cc|n co||cc|co es e |rus|cc eno |hcrc v|||
cc no |ex ||ec||||y. |cncc, no prov|s|on hes cccn meoc for lncomc ex on |hc
nc| rccc|p|s er|s|n on eccoun| of se|c of ny esh eno ccnosphcrc.
5 OTHER LONG TERM LIABILITIES
,/moun| |n `)
As at 31.03.2013 31.03.2012
|cpos||s from cus|omcrs 9,906,036 8,532,Oo9
Total 9,906,036 8,532,Oo9
||sc|osurc v||h rcspcc| |o V|cro, Sme|| eno Vco|um |n|crpr|scs es rcqu|rco cy
VSV|| /c|, 2OOo |s meoc |n |o|c 3O.
6 TRADE PAYABLES
,/moun| |n `)
As at 31.03.2013 31.O3.2O12
- |ncry 4,363,829,303 3,19o,122,O98
- Opcn ecccss chercs,O/C) 14,652,495 38,5OO,198
- O|hcr scrv|ccs 5,325,504 3,283,345
Total 4,383,807,302 3,237,9O5,o41
||sc|osurc v||h rcspcc| |o V|cro,Sme|| eno Vco|um |n|crpr|scs es rcqu|rco cy
VSV|| /c|, 2OOo |s meoc |n |o|c 3O.
7 OTHER CURRENT LIABILITIES
,/moun| |n `)
As at 31.03.2013 31.O3.2O12
/ovenccs from cus|omcrs eno o|hcrs 35,752,127 4o,771,524
|eyec|c for cep||e| cxpcno||urc 106,850 -
O|hcr |eyec|cs
- ex |couc|co e| Sourcc eno o|hcr s|e|u|ory oucs 3,813,614 4,32o,72O
- |cpos||s from con|rec|ors eno o|hcrs 21,876,854 13,81O,587
- |eyec|c |o |o|o|n Compeny 88,217,273 13,373,815
- |eyec|c |o |mp|oyccs 19,912,266 14,4O3,88o
- |c|cn||on on //c bG cnceshmcn| ,So|er) 1,378,038,503 -
- O|hcrs 107,877,876 98,1o3,79o
Total 1,655,595,363 19O,85O,328
e) O|hcr peyec|cs-|c|cn||on on //c bG cnceshmcn| ,so|er)compr|scs of:
1.1) hc ||qu|oe|co oemecs of ` 7,o5,o5,OOO/- ,ross) ,rccc|vco |n nnenc|e|
ycer 2O1O-11) eno ` 1,O7,15,75,OOO/-,ross) ,rccc|vco |n |hc prcv|ous
ycer 2O11-12) cy vey of bG cnceshmcn| hevc cccn |rensfcrrco |o
|c|cn||on on //c bG cnceshmcn| ,so|er)'.
1.2) ln|crcs| eccruco emoun||n |o ` 1,OO,7o,o59/- ,ross) up|o 31.O3.2O12 on
|hc emoun| |nvcs|co ou| of bG cnceshmcn| ,so|er) |s e|so crco||co |o |hc
se|o eccoun|.
2.1) /n emoun| of ` 13,95,OO,OOO/- rccc|vco es ||qu|oe|co oemecs |n |hc
currcn| ycer on |e|c comm|ss|on|n of so|er povcr p|en|s |s crco||co |o
2.2) ln|crcs| eccruco emoun||n |o ` 8,4O,7O,447/- ,ross) for |hc currcn| ycer
on |hc emoun| |nvcs|co ou| of bG cnceshmcn| ,so|er) hes e|so cccn
crco||co |o |hc se|o eccoun|.
3) ` 37,48,oO3/- on eccoun| of |ce| cxpcnscs hes cccn occ||co |o
4) ln|crcs| on rcfuno,|f eny, rccc|vco from |hc |ncomc |ex ocper|mcn| on
eccoun| of ecovc she|| cc crco||co |o |c|cn||on on //c bG cnceshmcn|
,so|er)'.
5) hc ecovc |rce|mcn| |s meoc es pcr |hc o|rcc||ons rccc|vco from |hc
V|n|s|ry of |cv eno |cncvec|c |ncry ,V|||) v|oc |c||cr rcf. no.
29/5/2O1O-11/!||SV,S) oe|co 29.Oo.2O12 eno c|er|nce||ons |hcrcef|cr.
c) O|hcr peyec|cs-O|hcrs |nc|uoc |hc emoun| rccc|vco on cnceshmcn| of |hc
ben| Gueren|cc of ` 9,50,65,000/- , prcv|ous ycer ` 9,5O,o5,OOO/-) e|on v||h
eccruco |n|crcs| of ` 1,28,03,887/- ,prcv|ous ycer ` 3O,98,39o/-) |hcrcon
vh|ch |s rcqu|rco |o cc |nvcs|co |n ||xco |cpos|| es pcr |hc o|rcc||vc from |hc
|on'c|c ||h Cour| of |c|h| |||| |hc me||cr |s sc|||co |hrouh erc||re||on.
8 SHORT TERM PROVISIONS
,/moun| |n `)
As at 31.03.2013 31.03.2012
Opcn|n ce|encc - 1,2o3,O98
/oo|||ons our|n |hc ycer - -
/moun|s pe|o our|n |hc ycer - 1,Oo2,773
/moun|s rcvcrsco our|n |hc ycer - 2OO,325
C|os|n ce|encc - -
|rov|s|on for currcn| |ex
Opcn|n ce|encc 88,004,813 o89,325,593
/oo|||ons our|n |hc ycer - 5oO,575,778
|css: Sc| off ee|ns| |excs pe|o 88,004,813 1,1o1,89o,558
C|os|n ce|encc - 88,OO4,813
Opcn|n ce|encc 200,000,000 15O,OOO,OOO
/oo|||ons our|n |hc ycer - 2OO,OOO,OOO
/moun|s pe|o our|n |hc ycer 200,000,000 15O,OOO,OOO
C|os|n ce|encc - 2OO,OOO,OOO
Opcn|n ce|encc 32,445,000 24,333,75O
/oo|||ons our|n |hc ycer - 32,445,OOO
/moun|s pe|o our|n |hc ycer 32,445,000 24,333,75O
C|os|n ce|encc - 32,445,OOO
Total - 32O,449,813
37
th
9 FIXED ASSETS (Amount in `)
As At
01.04.2012
Adjustments
As at
31.03.2013
Upto
01.04.2012
For the year Deductions/
Adjustments
Upto
31.03.2013
As at
31.03.2013
As at
31.03.2012
A. Tangible Assets
||en| eno mech|ncry
,|nc|uo|n essoc|e|co c|v|| vor|s) 1,195,OOO - - 1,195,000 151,3o7 5o,7o2 - 208,129 986,871 1,O43,o33
|urn||urc eno nx|urcs 813,253 138,192 - 951,445 172,955 5o,424 - 229,379 722,066 o4O,298
Ofncc cqu|pmcn| 1,O73,399 1o5,5o8 - 1,238,967 731,171 148,oo5 - 879,836 359,131 342,228
cqu|pmcn| 3,2O8,987 1,919,121 485,782 4,642,326 2,7o3,291 3O9,138 4o1,493 2,610,936 2,031,390 445,o9o
Comun|ce||on cqu|pmcn|s - 111,14o - 111,146 - 3,O8O - 3,080 108,066 -
Total (A) o,29O,o39 2,334,O27 485,782 8,138,884 3,818,784 574,Oo9 4o1,493 3,931,360 4,207,524 2,471,855
B. Assets created from Fly Ash Utilization Fund
||en| & Vech|ncry 3,419,7O7 - - 3,419,707 - - - 3,419,707 3,419,7O7
|urn||urc eno nx|urcs 45,754 - - 45,754 - - - - 45,754 45,754
Ofncc cqu|pmcn| 135,334 - - 135,334 - - - - 135,334 135,334
|oeos,cr|ocs,cu|vcr|s 35,284,854 - 35,284,854 - - - - 35,284,854 35,284,854
cmporery crcc||on 1,577,2O9 - ,4oo,999) 2,044,208 - - - - 2,044,208 1,577,2O9
Total 4O,4o2,858 - ,4oo,999) 40,929,857 - - - - 40,929,857 4O,4o2,858
|css: Sc| off ee|ns| ||y /sh 0||||ze||on
|uno,|o|c 4) 4O,4o2,858 - ,4oo,999) 40,929,857 - - - - 40,929,857 4O,4o2,858
Total (B) - - - - - - - - - -
Grand Total (A+B) o,29O,o39 2,334,O27 485,782 8,138,884 3,818,784 574,Oo9 4o1,493 3,931,360 4,207,524 2,471,855
|rcv|ous /cer o,325,o52 57,185 92,198 6,290,639 3,488,9o9 417,4O3 87,588 3,818,784 2,471,855 2,83o,o83
As At
01.04.2012
Adjustments
As at
31.03.2013
Upto
01.04.2012
For the year Deductions/
Adjustments
Upto
31.03.2013
As at
31.03.2013
As at
31.03.2012
C. Intangible Assets
Sof|verc 241,O78 18,9OO 4,487 255,491 241,O78 ,287) - 240,791 14,700 -
TOTAL 241,078 18,900 4,487 255,491 241,078 (287) - 240,791 14,700 -
|rcv|ous /cer 241,O78 - - 241,078 241,O78 - - 241,O78 - -
10 DEFERRED TAX ASSET/(LIABILITY) (NET)
,/moun| |n `)
As at 31.03.2013 31.03.2012
Deferred tax asset
On eccoun| of cerry forvero |osscs for |ex
purposcs 179,546,717 -
Less: Deferred tax liability
||ffcrcncc of coo| ocprcc|e||on eno |ex
ocprcc|e||on 277,721 139,9O7
Total 179,268,996 ,139,9O7)
e) hc nc| |ncrcesc |n ocfcrrco |ex essc| of ` 17,94,O8,9O3/- , |rcv|ous /cer occrcesc
|n ocfcrrco |ex ||ec||||y crco||co |o s|e|cmcn| of pron| eno |oss ` 9,244/-) hes
cccn crco||co |o s|e|cmcn| of |ron| eno |oss.
c) |cfcrrco |ex esc| eno ocfcrrco |ex ||ec||||y hevc cccn offsc| es |hcy rc|e|c |o |hc
semc ovcrn|n |ev.
11 LONG TERM LOANS AND ADVANCES
,/moun| |n `)
As at 31.03.2013 31.03.2012
,0nsccurco,cons|ocrco ooo, un|css
o|hcrv|sc s|e|co)
|cpos||s 2,550,000 5O,OOO
Advances
/ovencc |ex & |ex ocouc|co e| sourcc 1,537,112,559 713,84O,715
|css:- |rov|s|on for |exe||on 1,249,901,371 o89,325,593
287,211,188 24,515,122
Total 289,761,188 24,5o5,122
12 INVENTORIES
,/moun| |n `)
As at 31.03.2013 31.O3.2O12
S|oc|-|n-reoc-Ccnosphcrc 134,246 152,735
134,246 152,735
S|oc|-|n-reoc-Ccnosphcrc hes cccn ve|uco cons|ocr|n |hc s|n|ncen| eccoun||n
po||cy |o. |.1 of |o|c 1 |o |hcsc nnenc|e| s|e|cmcn|s.
13 TRADE RECEIVABLES
,/moun| |n `)
As at 31.03.2013 31.03.2012
,0nsccurco,Cons|ocrco ooo, un|css
o|hcrv|sc s|e|co)
Ou|s|eno|n for e pcr|oo cxccco|n s|x mon|hs
from |hc oe|c |hcy erc ouc for peymcn|
|ncry 845,757,221 419,5o9,425
Opcn /cccss Chercs,O/C) 973,261 489,oO4
846,730,482 42O,O59,O29
O|hcrs
|ncry 593,478,695 994,O45,4o8
Opcn /cccss Chercs,O/C) 143,335,078 2Oo,o1O,729
736,813,773 1,2OO,o5o,197
Total 1,583,544,255 1,o2O,715,22o
0nc|||co rcvcnuc of ` 2,38,54,63,058/- ,prcv|ous ycer ` 1,o1,57,48,854/-) |s s|e|co
|n |o|c 1o O|hcr Currcn| /ssc|s.
37
th
14 CASH & BANK BALANCES
,/moun| |n `)
As at 31.03.2013 31.03.2012
Cash & cash equivallents
be|enccs v||h cen|s
- Currcn| /ccoun|s 633,765,481 2,95o,O2o
- Currcn| /ccoun|-||y /sh 619,825 -
Other bank balances
ben| ocpos||s v||h or||ne| me|ur||y of morc
|hen |hrcc mon|hs cu| no| morc |hen |vc|vc
mon|hs 4,595,880,366 3,392,5O2,979
O|hcrs-crm ocpos|| es sccur||y v||h Se|cs ex
/u|hor|||cs, no| eve||ec|c for usc 25,000 25,OOO
Total 5,230,290,672 3,395,484,OO5
Cesh & cen| ce|enccs |nc|uoc ny esh u||||ze||on funo ce|encc eno rc|cn||on on //c
of bG cnceshmcn| ,so|er).
15 SHORT TERM LOANS AND ADVANCES
,/moun| |n `)
As at 31.03.2013 31.03.2012
,0nsccurco,cons|ocrco ooo,
un|css o|hcrv|sc s|e|co)
Advances
O|hcrs* 3,364,305 35,OOO
Deposits 25,841,400 34,9OO,OOO
Total 29,205,705 34,935,OOO
* O|hcrs |nc|uoc eovenccs |vcn |o erc||re|ors ` 27,37,505/- ,prcv|ous ycer ` '|||')
eno |o lno|en |ncry |xchenc of ` 5,61,800/- ,prcv|ous ycer ` '|||').
16 OTHER CURRENT ASSETS
,/moun| |n `)
As at 31.03.2013 31.03.2012
,0nsccurco,cons|ocrco ooo, un|css
o|hcrv|sc s|e|co)
ln|crcs| /ccruco on crm ocpos||s 127,344,186 o3,999,857
O|hcr |ccovcrec|cs - 245,533,OOO
127,344,186 3O9,532,857
0nc|||co rcvcnucs* 2,385,463,058 1,o15,748,854
Total 2,512,807,244 1,925,281,711
* 0nc|||co rcvcnucs erc for se|cs of cncry for vh|ch |hc c|||s hevc cccn re|sco |o
cus|omcrs sucscqucn| |o |hc rcpor||n oe|c.
17 REVENUE FROM OPERATIONS
,/moun| |n `)
Sales
b||e|cre| cncry 22,444,881,453 21,o28,4O3,137
So|er & |hcrme| cuno|co cncry 7,5o4,75O,557 1,47O,9o3,522
|ncry unocr svep errencmcn|s 57,8O9,715 118,41o,451
30,067,441,725 23,217,783,11O
||y /sh 1,O7o,1oo,984 835,559,845
Ccnosphcrc 12,453,419 7,45o,979
1,088,620,403 843,O1o,824
|css: rensfcrrco |o ||y /sh
0||||ze||on |uno ,|o|c 4) 1,088,620,403 843,O1o,824
17 REVENUE FROM OPERATIONS
,/moun| |n `)
- -
30,067,441,725 23,217,783,11O
Other Operating Income
|cce|c on cncry purchesc 362,168,394 3oO,137,339
TOTAL 30,429,610,119 23,577,92O,449
e) Se|cs of cncry ,|n m||||on un||s) erc rccon|zco on |hc ces|s of mon|h|y |c|one|
|ncry /ccoun|s ,||/) |ssuco cy |hc conccrnco |c|one| |ovcr Comm|||cc
,||C).
c) Se|c of c||e|cre| cncry |nc|uocs compcnse||on rccc|vco of ` 2,11,79,344/-
,prcv|ous ycer `37,1O,78,714/-) ouc |o |csscr supp|y/orev| of povcr cy |hc
supp||cr /cuycrs eno opcn ecccss chercs on cncry |reo|n cornc cy |hc
compeny.
c) ,|) Se|c of cncry unocr Svep errencmcn|s |s c|||co cy mer|n on|y |o cuycrs.
|ur|n |hc ycer, rcvcnuc on eccoun| of ecovc hes cccn rccon|sco for
`5,78,09,715/- ,prcv|ous ycer `11,84,1o,451/-).
,||) 454 Vus , prcv|ous ycer 54O Vus) cncry supp||co cy |hc sc||crs unocr
Svep errencmcn|s erc yc| |o cc rc|urnco cec| cy |hc cuycrs.
18 OTHER INCOME
,/moun| |n `)
Interest from
ben|s* 303,520,421 1o9,2O2,423
|erncs| Voncy/Sccur||y |cpos|| forfc||co 444,653 15,oO4,7O7
/pp||ce||on |roccss|n |cc-So|er - 21,8OO,OOO
Surcherc rccc|vco from Cus|omcrs 1,759,342 o,879,Ooo
|l /pp||ce||on fcc 50 9O
V|scc||encous lncomc
#
17,846,642 358,59O
Total 323,571,108 213,844,87o
* |xc|uocs |n|crcs| cernco on So|er bG |c|cn||on //c of ` 8,40,70,447/- , prcv|ous
ycer ` '|||') shovn unocr |c|cn||on on //c bG cnceshmcn| ,so|er)' ,|o|c 7).
# V|scc||encous |ncomc |nc|uocs ` 1,36,30,994/- , prcv|ous ycer ` '|||') on //c
of o|o ||ec||||y of |S|b |y|n uneous|co for morc |hen |hrcc ycers vr|||cn cec| .
19 PURCHASE OF ENERGY
,/moun| |n `)
Purchase of energy
b||e|cre| cncry 22,183,565,757 21,321,o81,49o
So|er & |hcrme| cuno|co cncry 7,453,469,810 1,447,935,8O3
Total 29,637,035,567 22,7o9,o17,299
e) |urchescs of cncry ,|n m||||on un||s) erc rccon|zco on |hc ces|s of mon|h|y
|c|one| |ncry /ccoun|s ,||/) |ssuco cy |hc conccrnco |c|one| |ovcr
Comm|||cc ,||C).
c) b||e|cre| cncry purchesc |nc|uocs compcnse||on peymcn| of ` 2,10,87,434/-
,prcv|ous ycer ` 33,39,19,947/-) ouc |o |csscr supp|y/orev| of povcr cy |hc
Compeny.
20 COST OF FLY ASH/ASH PRODUCTS
,/moun| |n `)
--||y /sh 23,097,658 9,755,92o
--Ccnosphcrc 340,798 599,281
23,438,456 1O,355,2O7
|css:rensfcrrco |o ||y /sh 0||||ze||on |uno
,|o|c 4) 23,438,456 1O,355,2O7
Total - -
37
th
21 EMPLOYEE BENEFITS EXPENSE
,/moun| |n `)
Se|er|cs eno vecs 136,671,018 111,382,o32
Con|r|cu||on |o prov|ocn| eno o|hcr funos 6,917,293 8,459,35O
S|eff vc|ferc cxpcnscs 5,586,169 5,231,189
149,174,480 125,O73,171
|css: rensfcrrco |o ||y /sh 0||||ze||on |uno
,|o|c 4) 69,405,332 55,935,453
Total 79,769,148 o9,137,718
e) /|| |hc cmp|oyccs of |hc Compeny erc on scconomcn| ces|s from ||s |o|o|n
Compeny |.c. ||C ||m||co.
c) |mp|oycc ccncn|s cxpcnsc |nc|uoc ` 1,71,17,972/- for |hc ycer , prcv|ous
ycer nc| crco|| ` 7,21,171/-) |overos |cevc, supcrennue||on eno o|hcr ccncn|s
|n rcspcc| of cmp|oyccs pos|co on scconomcn| ces|s from |hc ||C ||o.
,ho|o|n compeny).
c) |mp|oycc ccncn|s cxpcnsc |nc|uoc `1,34,00,970/- |overos |cevc,
supcrennue||on eno o|hcr ccncn|s pcr|e|n|n |o cer||cr ycers |.c. O1.O1.2OO7
|o 31.O3.2O12 cc|n eoo|||one| prov|s|ons meoc our|n |hc currcn| ycer ouc
|o chenc |n |hc mc|hooo|oy of e||oce||on of such prov|s|ons |n eccoroencc
v||h |hc corpore|c po||cy.
o) |mp|oycc ccncn|s cxpcnsc |nc|uocs Venecr|e| |cmuncre||on pe|o/ peyec|c
|o Ch|cf |xccu||vc Ofnccr ` 31,60,492/- , prcv|ous ycer ` 31,85,55O/-).
22 FINANCE COSTS
,/moun| |n `)
Interest on :
Cesh Crco|| - 154,o45
O|hcrs 2,629 15,524,979
Total 2,629 15,o79,o24
O|hcrs |nc|uoc |n|crcs| eccruco on eccoun| of ocfcrmcn| of eovencc |ex unocr |hc
prov|s|ons of |hc lncomc ex /c|, 19o1 our|n |hc prcv|ous ycer.
23 ADMINISTRATION & OTHER EXPENSES
,/moun| |n `)
|ovcr chercs 1,236,904 1,217,4O2
|cn| 35,535,169 31,121,O3o
Ofncc 1,974,293 839,7O7
O|hcrs 5,222,714 351,991
7,197,007 1,191,o98
lnsurencc 17,374 -
|e|cs eno |excs 6,823,146 3,OOO,OOO
re|n|n & rccru||mcn| cxpcnscs 173,855 89,983
Commun|ce||on cxpcnscs 2,191,005 71O,514
ln|eno revc| 9,027,299 7,8o5,293
|orc|n revc| 263,334 475,7O1
cnocr cxpcnscs 2,7o4,841 3,481,185
|css: |ccc|p| from se|c of |cnocrs 4OO,OOO 38O,OOO
2,364,841 3,1O1,185
|eymcn| |o euo||ors
/uo|| fcc |o s|e|u|ory euo||ors 112,3oO 5o,18O
ex euo|| fcc 1o,854 11,O3O
129,214 o7,21O
/ovcr||scmcn| eno puc||c||y 165,520 2OO,OOO
|n|cr|e|nmcn| cxpcnscs 706,199 981,42O
bro|crec & comm|ss|on 384,015 237,554
Commun||y ocvc|opmcn| eno vc|ferc cxpcnscs 1,175,593 -
/sh u||||se||on & mer|c||n cxpcnscs 56,721,890 15,5o4,999
23 ADMINISTRATION & OTHER EXPENSES
,/moun| |n `)
|rofcss|one| chercs eno consu||ency fccs 24,529,517 19,oO9,15O
|ce| cxpcnscs 97,914 8O5,748
||| h|rc eno o|hcr chercs 288,238 239,7o7
|r|n||n eno s|e||oncry 653,458 577,838
||r|n of vch|c|cs 600,569 234,135
Surcherc - 3O3,758
ben| chercs/|C Chercs 1,685,025 54O,o23
V|scc||encous cxpcnscs 2,163,802 1,318,12O
154,141,533 89,475,O49
|css: rensfcrrco |o ||y /sh 0||||ze||on |uno ,|o|c 4) 112,672,490 5o,1O8,oO5
Total 41,469,043 33,3oo,444
24 PRIOR PERIOD ITEMS (NET)
,/moun| |n `)
Revenue - -
Expenditure
|mp|oycc bcncn|s cxpcnsc - ,11,59o,4O3)
Net Expenditure/(Revenue) - ,11,59o,4O3)
ln |crms of u|oc||ncs of |cper|mcn| of |uc||c |n|crpr|scs ,|||), Govcrnmcn| of
lno|e ,GOl), |ssuco v|oc OV:2,7O)/O8-|||,\C)-G|-lv/O8 oe|co 2o.11.2OO8 eno
OV:2,7O)/O8-|||,\C)-G|-vll/O9 oe|co O2.O4.2OO9, |hc ocnnco con|r|cu||on
pcns|on schcmc formu|e|co cy ||C hes cccn epprovco cy |hc V|n|s|ry of |ovcr
,VO|), GOl, v|oc |hc|r |c||cr oe|co 1
s|
|cccmccr 2O11. /s pcr |hc epprove|, |hc
pcns|on schcmc v||| cc meneco |hrouh e scpere|c |rus| |o cc formco for |hc
purposc eno |hc |rus| she|| cc meneco cy boero of |rus|ccs cons|s||n mcmccrs of
co|h cmp|oycrs eno cmp|oyccs. hc proposco schcmc |s unocr o|scuss|ons v||h
cmp|oyccs rcprcscn|e||vcs for |hc|r ecccp|encc eno nne||ze||on.|cno|n forme||on
of e scpere|c |rus| e rcv|cv of prov|s|on |he| cx|s|co es e| 1
s|
/pr|| 2O11 ves cerr|co
ou| cons|ocr|n |hc rcqu|rcmcn| of ecovc mcn||onco u|oc||ncs of |||, eno |hc
cxccss ovcr |hc rcqu|rcmcn| emoun||n |o `1,15,9o,4O3/- ves vr|||cn cec| our|n
|hc prcv|ous ycer.
25 EXCEPTIONAL ITEMS
,/moun| |n `)
Bank guarantee encashment-solar (1,148,140,000) 1,O71,775,OO1
Interest on bank guarantee encashment-
solar
(10,076,659) -
(1,158,216,659) 1,O71,775,OO1
/s pcr |hc |rcs|ocn||e| o|rcc||vc oe|co 22.12.2OO9 |ssuco cy V|n|s|ry of |ovcr,
Govcrnmcn| of lno|e,GOl), |vv| ves eppo|n|co |hc nooe| ecncy unocr |hesc-l of
!eveher |e| |chru |e||one| So|er V|ss|on ,!||SV) |o cn|cr |n|o |ovcr |urchesc
/rccmcn|s ,||/s) v||h So|er |ovcr |cvc|opcrs ,S||s) |o purchesc povcr from |hc
so|er povcr procc|s conncc|co e| 33 |v eno ecovc r|o e| |er|ff rcu|e|co cy C||C
eno cn|cr |n|o cec| |o cec| |ovcr Se|c /rccmcn|s ,|S/s) v||h |hc ||s|r|cu||on
0||||||cs for se|c of such povcr cuno|co v||h |hc povcr sourcco from |hc une||oce|co
cepec||y of ||C coe| cesco s|e||ons.
0nocr phesc- l of !||SV, |hc Govcrnmcn| of lno|e |ssuco u|oc||ncs for m|re||on
of cx|s||n so|er povcr ocvc|opcrs ,S||s) |o |h|s Schcmc. |ur|hcr u|oc||ncs vcrc
|ssuco for sc|cc||on of ncv so|er povcr ocvc|opcrs eno comm|ss|on|n of so|er
povcr un||s cy |hc S||s unocr be|ch l & ll. \hcrcvcr, |hc S||s ocnco |hc prov|s|ons
of Gu|oc||ncs |ssuco cy GOl, |cqucs| for Sc|cc||on ,|fS)/ |c||crs of ln|cn|s ,|Ols)
|ssuco cy |vv| eno Vcmorenoum of 0nocrs|eno|ns ,VO0s)/ |ovcr |urchesc
erccmcn|s ,||/s) cn|crco |n cc|vccn |vv| eno S||s, bGs |vcn cy S||s up|o |hc
s|ec of oc|cc||on of m|srcprcscn|e||on /comm||||n |hc ocfeu||, vcrc cnceshco.
37
th
|ur|n currcn| ycer ` 7,o5,o5,OOO/- ,ross) ,rccc|vco |n nnenc|e| ycer 2O1O-11) eno
` 1,O7,15,75,OOO/-,ross) ,rccc|vco |n |hc prcv|ous ycer 2O11-12) cy vey of bG
cnceshmcn| v||h rcfcrcncc |o |hc ecovc Gu|oc||ncs e|on v||h |hc |n|crcs| eccruco
emoun||n |o ` 1,OO,7o,o59/- ,ross) up|o 31.O3.2O12 on |hc emoun| |nvcs|co ou| of
bG cnceshmcn| ,so|er) eno |e|cn es |ncomc |n |hc cer||cr ycers unocr o|hcr |ncomc/
cxccp||one| ||cms cy |vv| hes cccn rcvcrsco eno |cp| es |c|cn||on on //c bG
cnceshmcn| ,so|er)' es pcr |hc o|rcc||ons rccc|vco from |hc V|n|s|ry of |cv eno
|cncvec|c |ncry ,V|||) v|oc |c||cr rcf. no. 29/5/2O1O-11/!||SV,S) oe|co
29.Oo.2O12 eno c|er|nce||ons |hcrcef|cr.
26. ln |hc op|n|on of |hc menecmcn|, |hc ve|uc of essc|s, o|hcr |hen nxco essc|s
eno non-currcn| |nvcs|mcn|s, on rce||se||on |n |hc oro|nery coursc of cus|ncss,
v||| no| cc |css |hen |hc ve|uc e| vh|ch |hcsc erc s|e|co |n |hc be|encc Shcc|.
27. ||sc|osurc rcero|n |cescs:
hc Compeny's s|n|ncen| |ces|n errencmcn| erc |n rcspcc| of opcre||n
|cescs of |hc prcm|scs for rcs|ocn||e| usc of |hc cmp|oyccs emoun||n |o
` 1,O3,58,82o/- ,|rcv|ous ycer ` 1,27,2O,O72/-) eno erc |nc|uoco |n |o|c 21-
|mp|oyccs bcncn|s |xpcnsc'. S|m||er|y, |cesc peymcn|s |n rcspcc| of
prcm|scs for ofnccs emoun||n |o ` 3,55,35,1o9/- ,|rcv|ous ycer
` 3,11,21,O3o/-) erc shovn |n |cn| |n |o|c 23-/om|n|s|re||on eno O|hcr
|xpcnscs'. hc s|n|ncen| |ces|n errencmcn|s for such |cescs erc cn|crco |n|o
cy |hc Compeny eno ||s |o|o|n Compeny |.c. ||C ||m||co eno |hcsc |ces|n
errencmcn|s erc usue||y rcncvec|c on mu|ue||y ercco |crms cu| erc no| non-
cencc|ec|c.
28. ||sc|osurc es pcr /ccoun||n S|enoero - 2O on '|ern|ns |cr Sherc'
hc c|cmcn|s cons|ocrco for ce|cu|e||on of |ern|n |cr Sherc ,bes|c eno
|) |c| pron|/,|oss) ef|cr ex ccforc
cxccp||one| ||cms usco es
numcre|or,`)
425,970,673 41O,8O5,429
\c|h|co evcrec numccr of
cqu||y shercs usco es ocnom|ne|or
20000000 2OOOOOOO
|ern|n pcr sherc ,bes|c &
|||u|co)- ,`)
21.30 2O.54
|ecc ve|uc pcr sherc- ,`) 10.00 1O.OO
||) |c| pron|/,|oss) ef|cr ex usco es
numcre|or ,`)
(348,439,193) 1,119,327,294
\c|h|co evcrec numccr of
cqu||y shercs usco es ocnom|ne|or
20000000 2OOOOOOO
|ern|n pcr sherc ,bes|c &
|||u|co)- ,`)
(17.42) 55.97
|ecc ve|uc pcr sherc- ,`) 10.00 1O.OO
29. hcrc erc no cx|crne|/|n|crne| |no|ce|ors vh|ch |ceos |o eny |mpe|rcmcn| of
essc|s of |hc compeny es rcqu|rco cy /ccoun||n S|enoero ,/S) 28
'lmpe|rmcn| of /ssc|s' no||nco unocr |hc Compen|cs ,/ccoun||n S|enoeros)
|u|cs, 2OOo.
30. ||sc|osurc |n rcspcc| of V|cro, Sme|| eno Vco|um |n|crpr|scs es e| 31
s|
Verch
2O13 es rcqu|rco cy V|cro, Sme|| eno Vco|um |n|crpr|scs |cvc|opmcn| /c|,
2OOo |s ` '|||' , prcv|ous ycer ` '|||').
e) ||spu|co lncomc ex Ve||crs:
|ur|n |hc currcn| ycer e|| |hc lncomc ex me||crs pcno|n ccforc ver|ous
/ppc||e|c /u|hor|||cs erc occ|oco |n fevour of |hc Compeny. hc con||ncn|
||ec||||y of ` '|||' ,|rcv|ous pcr|oo `1,2o,35,887/-) hes cccn cs||me|co.
c) C|e|ms ee|ns| |hc Compeny no| ec|nov|coco es occ|s |n rcspcc| of:
C|e|ms meoc cy |cre|e S|e|c ||cc|r|c||y boero ,|S|b) |overos cncry chercs,
con||ncn| ||ec||||y of `'|||' ,|rcv|ous ycer `1,37,91,83o/-) hes cccn
cs||me|co.
c) ||ec||||y, |f eny, on eccoun| of |e|c peymcn| |o supp||crs |s unesccr|e|nec|c.
o) O|hcrs:
- ver|ous so|er povcr ocvc|opcrs che||cnco |hc cnceshmcn|/ forfc||urc of
|V|/b|o cono unocr prov|s|ons of ||/ ccforc erc||re|or/||h Cour|s. hc
con||ncn| ||ec||||y of ` 89,74,74,338/- |nc|uo|n |n|crcs| |hcrcon
,prcv|ous ycer ` 7,o5,o5,OOO/-) hes cccn cs||me|co.
- Onc per|y hes che||cnco |hc |nvoce||on of bG of ` 1,27,51,781/-
|nc|uo|n |n|crcs| |hcrcon ,prcv|ous ycer ` 1,O9,51,781/-)on |hc rouno of
non conc|us|on of con|rec| v||h |hc compeny for esh cus|ncss.
- Onc of |hc cus|omcr hes epproechco s|e|c rcu|e|ory comm|ss|on eno hes
c|e|mco ` 23,30,55,860/- |nc|uo|n |n|crcs| |hcrcon ,prcv|ous ycer `
2O,27,OO,ooO/-) for ocfeu|| |n povcr supp|y.
32. Quantitative information: (As certied by the Management)
e) reo|n of cncry ,V0s)
|ovcr 5272 52O4
So|er buno|co |ovcr 1590 329
|ovcr 0nocr Svep /rrencmcn|s 1520 299o
c) reo|n of ||y /sh /
Ccnosphcrc ,Vs)
||y /sh 4198471 378247O
Ccnosphcrc 240 2O9
33. |s||me|co emoun| of con|rec| rcme|n|n |o cc cxccu|co on cep||e| eccoun|
eno no| prov|oco for es e| 31
s|
Verch 2O13 |s ` 3,57,o11/- ,prcv|ous ycer ` |||).
34. |xpcno||urc |n forc|n currcncy ,`):
revc|||n |xpcnscs 150,926 277,421
35. Segment information :
hc Compeny's pr|nc|pe| cus|ncsscs erc |reo|n of cncry eno |reo|n of ny
esh/ esh proouc|s. hc emoun| co||cc|co from se|c of ny esh/esh proouc|s erc
oce|| v||h es pcr /ccoun||n |o||cy no.C.1. /s such |hcrc |s no rcpor|ec|c
scmcn| es e| 31.O3.2O13.
36. hc compeny's menecmcn| |s of |hc op|n|on |he| ||s oomcs||c |rensec||ons
v||h rc|e|co per||cs erc e| erms |cn|h eno v||| no| hevc eny |mpec| on nnenc|e|
s|e|cmcn|s for |hc ycer cnoco 31.O3.2O13.
37. ||urcs |n |hc ||nenc|e| S|e|cmcn|s hevc cccn rounoco off |o ncercs| rupcc.
38. |rcv|ous ycer nurcs hevc cccn rcroupco / rcerrenco vhcrcvcr cons|ocrco
ncccssery.
For Aiyar & Co.
(Nitin Mehra)
Compeny Sccrc|ery
( N.K.Sharma)
Ch|cf |xccu||vc
Ofnccr
(A.K.Singhal)
||rcc|or
(Arup Roy
Choudhury)
Che|rmen
(C. Chuttani)
|er|ncr
V.|o.9O723
||ecc : |cv |c|h|
|e|co : Vey 2, 2O13
37
th
AUDITORS REPORT
To the Members of
REPORT ON THE FINANCIAL STATEMENTS
\c hevc euo||co |hc eccompeny|n nnenc|e| s|e|cmcn|s of NTPC VIDYUT VYAPAR
NIGAM LIMITED (the Company), vh|ch compr|sc |hc be|encc shcc| es e| 31
s|

Verch 2O13, |hc S|e|cmcn| of |ron| eno |oss eno Cesh ||ov S|e|cmcn| for |hc ycer
cnoco, eno e summery of s|n|ncen| eccoun||n po||c|cs eno o|hcr cxp|ene|ory
|nforme||on.
MANAGEMENTS RESPONSIBILITY FOR THE FINANCIAL STATEMENTS
Venecmcn| |s rcspons|c|c for |hc prcpere||on of |hcsc nnenc|e| s|e|cmcn|s |he|
|n suc-scc||on ,3C) of scc||on 211 of |hc Compen|cs /c|, 195o ,|hc /c|'). h|s
con|ro| rc|cven| |o |hc prcpere||on eno prcscn|e||on of |hc nnenc|e| s|e|cmcn|s |he|
|vc e |ruc eno fe|r v|cv eno erc frcc from me|cr|e| m|ss|e|cmcn|, vhc|hcr ouc |o
freuo or crror.
AUDITORS RESPONSIBILITY
|ssuco cy |hc lns|||u|c of Cher|crco /ccoun|en|s of lno|e. hosc S|enoeros rcqu|rc
|he| vc comp|y v||h c|h|ce| rcqu|rcmcn|s eno p|en eno pcrform |hc euo|| |o oc|e|n
m|ss|e|cmcn|.
/n euo|| |nvo|vcs pcrform|n proccourcs |o oc|e|n euo|| cv|ocncc ecou| |hc
emoun|s eno o|sc|osurcs |n |hc nnenc|e| s|e|cmcn|s. hc proccourcs sc|cc|co
ocpcno on |hc euo||or's uomcn|, |nc|uo|n |hc esscssmcn| of |hc r|s|s of
me|cr|e| m|ss|e|cmcn| of |hc nnenc|e| s|e|cmcn|s, vhc|hcr ouc |o freuo or crror.
ln me||n |hosc r|s| esscssmcn|s, |hc euo||or cons|ocrs |n|crne| con|ro| rc|cven|
|o |hc Compeny's prcpere||on eno fe|r prcscn|e||on of |hc nnenc|e| s|e|cmcn|s |n
orocr |o ocs|n euo|| proccourcs |he| erc eppropr|e|c |n |hc c|rcums|enccs. /n
euo|| e|so |nc|uocs cve|ue||n |hc eppropr|e|cncss of eccoun||n po||c|cs usco eno
|hc rcesonec|cncss of |hc eccoun||n cs||me|cs meoc cy menecmcn|, es vc|| es
cve|ue||n |hc ovcre|| prcscn|e||on of |hc nnenc|e| s|e|cmcn|s.
|o prov|oc e ces|s for our euo|| op|n|on.
OPINION
ln our op|n|on eno |o |hc ccs| of our |nforme||on eno eccoro|n |o |hc cxp|ene||ons
|vcn |o us, |hc nnenc|e| s|e|cmcn|s |vc |hc |nforme||on rcqu|rco cy |hc /c| |n |hc
menncr so rcqu|rco eno |vc e |ruc eno fe|r v|cv |n conform||y v||h |hc eccoun||n
pr|nc|p|cs cncre||y ecccp|co |n lno|e:
,e) |n |hc cesc of |hc be|encc Shcc|, of |hc s|e|c of effe|rs of |hc Compeny es e|
Verch 31, 2O13,
,c) |n |hc cesc of |hc S|e|cmcn| of |ron| eno |oss , of |hc |oss for |hc ycer cnoco
on |he| oe|c, eno
,c) |n |hc cesc of |hc Cesh ||ov S|e|cmcn|, of |hc cesh novs for |hc ycer cnoco on
|he| oe|c.
EMPHASIS OF MATTER
Without qualifying our report:
1. \c orev your e||cn||on |o |o|c 3 ,e) & 4 ,c) of |hc nnenc|e| s|e|cmcn|s
rcero|n crce||on & u||||ze||on of ||y /sh funo. hc V|n|s|ry of |nv|ronmcn|
& |orcs|, Govcrnmcn| of lno|e v|oc no||nce||on oe|co O3.11.2OO9, rcqu|r|n
|vv| |o |ccp |n e scpere|c eccoun| |hc co||cc||on from se|c of ||y /sh eno
||y /sh proouc|s. hc no||nce||on o|o no| spcc|fy on |hc |rce|mcn| of |n|crcs|
on such funos eno es such |hc |n|crcs| |ncomc cernco on |hcsc funos ves
cons|ocrco cy |vv| es o|hcr |ncomc, pcno|n c|er|nce||on from |hc V|n|s|ry
of |nv|ronmcn| & |orcs|. hc se|o c|er|nce||on |s s|||| eve||co. |ovcvcr, |hc
compeny vh||c con||nu|n |o |rce| |hc |n|crcs| |ncomc on |hcsc funos es |ncomc
of |vv| |rensfcrrco |hc |n|crcs| |ncomc ,nc| of |ex) |o ||y /sh 0||||ze||on |uno
es comperco |o cer||cr prec||cc |o rc|e|n |hc |ncomc unocr |cscrvcs & Surp|us.
hc se|o |rce|mcn| hes cccn cerr|co ou| rc|rospcc||vc|y |.c. v||h cffcc| from
oe|c of no||nce||on cy |rensfcr from Gcncre| |cscrvc |o ||y /sh 0||||ze||on |uno
erce||n |o `19,o9,45,954/- |hcrccy cffcc||n |hc ce|enccs of |cscrvcs &
Surp|us & ||y /sh 0||||ze||on |uno |o |hc se|o cx|cn|.
2. |o|c 7 eno 25 |n rcspcc| of funos rce||zco cy |vv| on eccoun| of non
pcrformencc cy |hc So|er |ovcr |cvc|opcrs unocr |hc !eveher |e| |chru
|e||one| So|er V|ss|on ,!||SV) emoun||n |o ` 7,o5,o5,OOO/- ,ross) for
|hc nnenc|e| ycer 2O1O-11 eno ` 1O7,15,75,OOO/- ,ross) for |hc nnenc|e|
ycer 2O11-12. hc se|o emoun| |oc|hcr v||h |n|crcs| eccruco |hcrcon of `
1OO,7o,o59/- up|o 31.O3.2O12 vcrc |rce|co es |ncomc of |hc compeny unocr
|hc hceo o|hcr |ncomc for |hc ycer 2O1O-11 eno es cxccp||one| ||cm/ o|hcr
|ncomc for |hc ycer 2O11-12. |ur|n |hc ycer |n pursuencc of commun|ce||on
rccc|vco from |hc V|n|s|ry of |cv & |cncvec|c |ncry, Govcrnmcn| of lno|e
|hc emoun|s so rccc|vco erc |o cc |cp| |n scpere|c eccoun| eno no| |o cc
cons|ocrco es |ncomc of |vv|. ln v|cv |hcrcof, |hc emoun| rccc|vco our|n
|hc ycer on eccoun| of non-pcrformencc eno |n|crcs| |hcrcon hes cccn |rce|co
eccoro|n|y. |ur|hcr emoun|s so rccc|vco up |o 31.O3.2O12 hevc cccn rcvcrsco
our|n |hc ycer unocr |xccp||one| ||cm |hcrccy cffcc||n |hc pron|/|oss for |hc
ycer |o |hc se|o cx|cn| v||h conscqucn| cffcc| on |cscrvcs & Surp|us.
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS
/s rcqu|rco cy |hc Compen|cs ,/uo||or's |cpor|) Orocr, 2OO3 ,|hc Orocr') |ssuco
cy |hc Ccn|re| Govcrnmcn| of lno|e |n |crms of suc-scc||on ,4/) of scc||on 227 of |hc
/c|, vc |vc |n |hc Annexure (A) e s|e|cmcn| on |hc me||crs spcc|nco |n pererephs
4 eno 5 of |hc Orocr.
e) vc hevc oc|e|nco e|| |hc |nforme||on eno cxp|ene||ons vh|ch |o |hc ccs|
of our |nov|coc eno cc||cf vcrc ncccssery for |hc purposc of our euo||,
c) |n our op|n|on propcr coo|s of eccoun| es rcqu|rco cy |ev hevc cccn
|cp| cy |hc Compeny so fer es eppcers from our cxem|ne||on of |hosc
coo|s.
,c) |hc be|encc Shcc|, S|e|cmcn| of |ron| eno |oss, eno Cesh ||ov S|e|cmcn|
oce|| v||h cy |h|s |cpor| erc |n erccmcn| v||h |hc coo|s of eccoun|.
,o) |n our op|n|on, |hc be|encc Shcc|, S|e|cmcn| of |ron| eno |oss, eno
Cesh ||ov S|e|cmcn| comp|y v||h |hc /ccoun||n S|enoeros rcfcrrco |o |n
sucscc||on ,3C) of scc||on 211 of |hc Compen|cs /c|, 195o,
,c) bc|n e Govcrnmcn| Compeny, pursuen| |o |hc |o||nce||on |o. GS| 829
,|) oe|co 21.1O.2OO3 |ssuco cy Govcrnmcn| of lno|e, prov|s|ons of c|eusc
,) of suc-scc||on ,1) of scc||on 274 of |hc Compen|cs /c|, 195o, erc no|
epp||cec|c |o |hc Compeny,
,f) S|ncc |hc Ccn|re| Govcrnmcn| hes no| |ssuco eny no||nce||on es |o |hc re|c
e| vh|ch |hc ccss |s |o cc pe|o unocr scc||on 441/ of |hc Compen|cs
/c|, 195o nor hes || |ssuco eny |u|cs unocr |hc se|o scc||on, prcscr|c|n
|hc menncr |n vh|ch such ccss |s |o cc pe|o, no ccss |s ouc eno peyec|c
cy |hc Compeny.
|or /|yer & Co.
||rm's |c. |o. OO1174|
,C.Chu||en|)
||ecc : |cv |c|h| |er|ncr
|e|co : 2
no
Vey, 2O13 V.|o. 9O723
ANNEXURE (A) TO THE INDEPENDENT AUDITORS REPORT
S|e|cmcn| rcfcrrco |o |n our rcpor| of cvcn oe|c |o |hc mcmccrs of NTPC VIDYUT
VYAPAR NIGAM LIMITED on |hc nnenc|e| s|e|cmcn|s for |hc ycer cnoco 31
s|

Verch 2O13.
,|) ,e) hc compeny hes me|n|e|nco propcr rccoros shov|n fu|| per||cu|ers
,c) /s cxp|e|nco |o us |hc nxco essc|s hevc cccn phys|ce||y vcr|nco cy
|hc menecmcn| e| rcesonec|c |n|crve|s hev|n rcero |o |hc s|zc of
|hc compeny eno ne|urc of ||s essc|s. |o me|cr|e| o|scrcpenc|cs vcrc
no||cco on such phys|ce| vcr|nce||on.
,c) Sucs|en||e| per| of nxco essc|s hes no| cccn o|sposco off our|n |hc
ycer.
,||) ,e) /s cxp|e|nco |o us |nvcn|or|cs hevc cccn phys|ce||y vcr|nco cy |hc
menecmcn| e| rcesonec|c |n|crve|s our|n |hc ycer.
,c) hc proccourcs of phys|ce| vcr|nce||on of |nvcn|ory fo||ovco cy |hc
menecmcn| erc rcesonec|c eno eocque|c |n rc|e||on |o |hc s|zc of |hc
compeny eno |hc ne|urc of ||s cus|ncss.
37
th
VIDYUT VYAPAR NIGAM LIMITED, NEW DELHI FOR THE YEAR ENDED, 31 MARCH, 2013
hc prcpere||on of nnenc|e| s|e|cmcn|s of ||C v|oyu| vyeper ||em ||m||co, |cv |c|h|, for |hc ycer cnoco 31 Verch 2O13 |n eccoroencc v||h |hc nnenc|e| rcpor||n
fremcvor| prcscr|cco unocr |hc Compen|cs /c|, 195o |s |hc rcspons|c||||y of |hc menecmcn| of |hc compeny. hc s|e|u|ory euo||ors eppo|n|co cy |hc Comp|ro||cr eno
/uo||ors Gcncre| of lno|e unocr Scc||on o19,2) of |hc Compen|cs /c|, 195o erc rcspons|c|c for cxprcss|n op|n|on on |hcsc nnenc|e| s|e|cmcn|s unocr Scc||on 227 of |hc
Compen|cs /c|, 195o cesco on |nocpcnocn| euo|| |n eccoroencc v||h |hc euo|||n eno essurencc s|enoeros prcscr|cco cy |hc|r profcss|one| cooy, |hc lns|||u|c of Cher|crco
/ccoun|en|s of lno|e. h|s |s s|e|co |o hevc cccn oonc cy |hcm v|oc |hc|r /uo|| |cpor| oe|co O2 Vey 2O13.
l, on cche|f of |hc Comp|ro||cr eno /uo||or Gcncre| of lno|e, hevc occ|oco no| |o rcv|cv |hc rcpor| of |hc s|e|u|ory euo||ors on |hc eccoun|s of ||C v|oyu| vyeper ||em
||m||co, |cv |c|h|, for |hc ycer cnoco 31 Verch 2O13 eno es such hevc no commcn|s |o me|c unocr Scc||on o19 ,4) of |hc Compen|cs /c|, 195o.
||ecc : |cv |c|h|
|e|co : 23 Vey, 2O13
,br| Vohen)
|r|nc|pe| ||rcc|or of Commcrc|e| /uo|| & |x-ofnc|o
Vcmccr /uo|| boero-lll,
|cv |c|h|
,c) hc compeny |s me|n|e|n|n propcr rccoros of |nvcn|ory. |o me|cr|e|
o|scrcpenc|cs vcrc no||cco on phys|ce| vcr|nce||on of |nvcn|or|cs.
,|||) ,e) hc compeny hes no| ren|co eny |oens sccurco or unsccurco |o eny
compeny, nrm or o|hcr per|y ||s|co |n |hc rc|s|cr me|n|e|nco unocr
scc||on 3O1 of |hc Compen|cs /c|, 195o.
ln v|cv of c|eusc ,|||) ,e) ecovc, |hc c|eusc ,|||) ,c), ,|||) ,c) eno ,|||) ,o)
erc no| epp||cec|c.
,c) hc compeny hes no| |e|cn eny |oens, sccurco or unsccurco from
compen|cs, nrms or o|hcr per||cs covcrco |n |hc rc|s|cr me|n|e|nco
unocr scc||on 3O1 of |hc Compen|cs /c|, 195o.
ln v|cv of |hc c|eusc ,|||) ,c) ecovc, |hc c|eusc ,|||) ,f) eno ,|||) ,) erc no|
epp||cec|c.
|hcrc erc eocque|c |n|crne| con|ro| sys|cms commcnsure|c v||h |hc s|zc of |hc
compeny eno |hc ne|urc of ||s cus|ncss v||h rcero |o purchesc of |nvcn|ory,
nxco essc|s eno e|so for se|c of ooos eno scrv|ccs. |ur|n |hc coursc of euo||,
vc hevc no| ocscrvco eny con||nu|n fe||urc |o corrcc| meor vce|ncsscs |n
|n|crne| con|ro| sys|cms.
,v) ,e) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, our|n |hc
ycer unocr euo|| |hcrc hevc cccn no con|rec|s or errencmcn|s vh|ch
ncco |o cc cn|crco |n |hc rc|s|cr me|n|e|nco unocr scc||on 3O1 of |hc
,c) ln v|cv of c|eusc ,v) ,e) ecovc, |hc c|eusc ,v) ,c) |s no| epp||cec|c.
,v|) hc compeny hes no| ecccp|co ocpos||s from |hc puc||c.
,v||) ln our op|n|on, |hc compeny hes en ln|crne| /uo|| sys|cm commcnsure|c v||h
|hc s|zc eno ne|urc of ||s cus|ncss.
,v|||) hc Ccn|re| Govcrnmcn| hes no| prcscr|cco me|n|cnencc of cos| eccoun|s eno
rccoros unocr scc||on 2O9 ,1) ,o) of |hc Compen|cs /c|, 195o.
,|x) ,e) hc cmp|oyccs of |hc compeny |.c. |vv| erc on scconomcn| ces|s
from ||s ho|o|n compeny |.c. ||C ||o. /s cxp|e|nco |o us, |hc ho|o|n
compeny |s rcu|er |n ocpos|||n s|e|u|ory oucs |nc|uo|n oucs |||c
|rov|ocn| |uno v||h eppropr|e|c eu|hor|||cs. Vorcovcr, lncomc ex
eno Se|cs ex erc cc|n ocpos||co cy |hc compeny. /ccoro|n |o
|hc |nforme||on eno cxp|ene||ons |vcn |o us, |hcrc erc no uno|spu|co
|rov|ocn| |uno, lncomc ex, Se|cs ex, c|c. |n errcer es e| 31.O3.2O13 for
e pcr|oo of morc |hen s|x mon|h from |hc oe|c |hcy cccemc peyec|c.
no oucs of Se|cs ex, lncomc ex eno o|hcr epp||cec|c s|e|u|ory oucs
vh|ch hevc no| cccn ocpos||co on eccoun| of eny o|spu|c.
,x) hc compeny hes no eccumu|e|co |osscs es e| 31
s|
Verch 2O13, hovcvcr || hes
|ncurrco cesh |oss our|n |hc nnenc|e| ycer covcrco cy our euo|| cu| hes no|
|ncurrco cesh |oss |n |hc |mmco|e|c|y prccco|n nnenc|e| ycer
,x|) ln our op|n|on eno eccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us,
|hc compeny hes no| |e|cn eny |oen from |hc nnenc|e| |ns|||u||ons, cen|s or
re|sco moncy ee|ns| occcn|urcs. /ccoro|n|y, |hc pere ,x|) of orocr |s no|
epp||cec|c |o |hc compeny.
,x||) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, compeny hes no|
ren|co |oens eno eovenccs on |hc ces|s of sccur||y cy vey of p|coc of
,x|||) hc compeny |s no| e ch|| funo or e ||oh| / Vu|ue| bcncn| |uno/Soc|c|y.
hcrcforc, |hc prov|s|ons of c|eusc 4 ,x|||) ,e), ,c), ,c) & ,o) of |hc orocr erc no|
,x|v) hc compeny |s no| oce||n |n or |reo|n |n shercs, sccur|||cs, occcn|urcs eno
o|hcr |nvcs|mcn|s. /ccoro|n|y, |hc prov|s|on of c|eusc 4,x|v) of |hc orocr |s
no| epp||cec|c |o |hc compeny.
,xv) hc compeny hes no| |vcn eny ueren|ccs for |oens |e|cn cy o|hcrs from
cen|s or nnenc|e| |ns|||u||ons.
,xv|) hc compeny hes no| |e|cn |crm |oen our|n |hc ycer eno es such prov|s|on of
pere ,xv|) of |hc orocr |s no| epp||cec|c |o |hc compeny.
,xv||) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us eno on ovcre||
cxem|ne||on of |hc ce|encc shcc| of |hc compeny, vc rcpor| |he| no funos
re|sco on shor| |crm ces|s hevc cccn usco for |on |crm |nvcs|mcn|.
,xv|||) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc compeny hes
no| meoc prcfcrcn||e| e||o|mcn| of shercs our|n |hc ycer.
,x|x) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc compeny hes
no| |ssuco occcn|urcs our|n |hc ycer, hcrcforc |hc prov|s|on of pere ,x|x) of
|hc orocr |s no| epp||cec|c |o |hc compeny
,xx) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc compeny hes
no| re|sco eny moncy cy puc||c |ssuc our|n |hc ycer.
,xx|) o |hc ccs| of our |nov|coc eno cc||cf eno eccoro|n |o |hc |nforme||on eno
cxp|ene||ons |vcn |o us, no freuo on or cy |hc compeny hes cccn no||cco or
rcpor|co our|n |hc ycer.
|or /|yer & Co.
||rm's |c. |o. OO1174|
,C.Chu||en|)
|e|co : 2
no
Vey, 2O13 V.|o. 9O723
37
th
KANTI BIJLEE UTPADAN NIGAM LIMITED
DIRECTORS REPORT
|cer Vcmccrs,
/our ||rcc|ors hevc p|cesurc |n prcscn||n Scvcn|h /nnue| |cpor| on |hc vor||n of
|hc Compeny |oc|hcr v||h /uo||co /ccoun|s eno /uo||ors' |cpor| |hcrcon for ycer
cnoco on 31
s|
Verch 2O13.
PERFORMANCE OF THE COMPANY
|ursuen| |o Vcmorenoum of /rccmcn| oe|co 2o.12.2OO5 cc|vccn ||C, Govcrnmcn|
of b|her eno b|her S|e|c ||cc|r|c||y boero for rcv|v|n eno opcre||n S|ec-l ,211O
V\), your Compeny |s oo|n rcnove||on eno moocrn|ze||on ,|&V) of cx|s||n un||s
of Vuzefferpur hcrme| |ovcr ||en| ,V||). hc vor| of |&V of me|n p|en| hes cccn
everoco |o bhere| |cevy ||cc|r|ce|s ||m||co ,b|||) eno of |hc ce|encc of p|en| |s cc|n
oonc cy |hc Compeny ||sc|f.
hc |&V of 0n||#1 of S|ec-l hes cccn comp|c|co eno |hc un|| hes cccn synchron|zco
on 5
|h
!u|y 2O13. hc |&V of 0n||#2 of S|ec-l |s |n prorcss eno |s cxpcc|co |o cc
comp|c|co cy Verch 2O14.
/our Compeny |s |mp|cmcn||n cxpens|on of V|| cy eoo|n 2195 V\ un||s |n |hc
eve||ec|c |eno. Ou| of 31 pec|ecs, 28 pec|ecs hevc cccn everoco eno ce|encc
pec|ecs erc e| o|ffcrcn| s|ecs of evero.
Ces||ns hevc cccn comp|c|co for G occ|#3, ch|mncy shc||, l| fen#3/, l| fen#3b. co||cr
orum for 0n||#4 hes cccn ||f|co. |rcc||on of conocnscr of 0n||#3, G occ| of 0n||#3,
|| fen#3/, |O crenc, nuc cen of ch|mncy of 0n||#3 hevc cccn s|er|co. Concrc||n
for opcre||n noor s|ec of C\ pump housc eno co||cr hyoro |cs| for 0n||#3 hes cccn
comp|c|co. O|hcr ec||v|||cs rcero|n 0n||#3 eno 0n||#4 erc |n prorcss.
o |e|c cerc of cnv|ronmcn|e| norms, your Compeny hes everoco con|rec| |o SGS lno|e
|r|ve|c ||m||co |o cerry ou| que|||y chcc|s of emc|cn| e|r, or|n||n ve|cr, cfnucn| ve|cr eno
s|ec| mon||or|n. /mc|cn| /|r Oue|||y Von||or|n, ene|ys|s of or|n||n ve|cr eno cfnucn|
ve|cr ves oonc on mon|h|y ces|s e| p|en| eno |ovnsh|p erce |o |ccp chcc| on cm|ss|on
of po||u|en|s |n |hc e|r eno |o me|n|e|n |hc que|||y of |hc e|r eno ve|cr erouno |hc procc|.
S|ec| mon||or|n cou|o no| cc oonc es |&V vor| of 0n|| #1 eno 2 ves |n prorcss.
/||houh, |hcrc ves no cncre||on of esh our|n |hc |es| ycer es |hc p|en| ves unocr
|&V, |hcn e|so, esh eccumu|e|co cer||cr ves u||||zco |o |hc |unc of 9O,O77 Cum |n c|v||
cons|ruc||on ec||v|||cs.
/our Compeny oren|zco cnv|ronmcn|e| evercncss prorem emons| cmp|oyccs eno
pcop|c |n eno erouno p|en|. \or|o |nv|ronmcn| |ey ves cc|ccre|co on O5.Oo.2O13.
On |h|s oey, sccos vcrc p|en|co, cmp|oyccs eno o|hcr pcop|c |oo| cnv|ronmcn| ve||,
|oo| oe|h for po|y|hcnc frcc cnv|ronmcn| eno o|s|r|cu|co cco-fr|cno|y cerry ces |o
evo|o usc of po|y|hcnc ces.
hc boero of your Compeny hes epprovco |hc propose| for rchec||||e||on eno
rcsc|||cmcn| p|en for S|ec-ll for ` 2O.O3 crorc vh|ch, |n|cr-e||e, |nc|uocs |&| p|en,
commun||y ocvc|opmcn| ec||v|||cs eno |nfres|ruc|urc ocvc|opmcn| ec||v|||cs.
/our Compeny o|s|r|cu|co c|en|c|s |o 3OO pcrsons cc|ov povcr|y ||nc eno so ce||co
Veheoe||| fem|||cs |n |en|| b|oc| eno |vo numccrs of h|h mes| ||h|s hevc cccn
|ns|e||co for puc||c convcn|cncc, onc e| |uc||c |ce||h Ccn|rc eno o|hcr e| |en|| Chov|
es e per| of commun||y ocvc|opmcn| eno vc|ferc ec||v|||cs.
FINANCIAL REVIEW
hc nnenc|e| h|h||h|s of |hc Compeny for |hc ycer cnoco on 31
s|
Verch 2O13 erc es
unocr:-
,/mou| |n

`)
Balance Sheet Items as at 31.03.2013 31.03.2012
|e|o-up Sherc Cep||e| 5,49,4o,34,3oO 5,27,87,24,oOO
|cscrvcs eno Surp|us 3,o4,89,18,572 3,53,o1,34,2O8
Sherc Cep||e| |cpos|| |cno|n /||o|mcn| 88,o1,43,347 39,OO,41,2O1
|on-currcn| ||ec|||||cs 12,OO,93,73,1O9 4,98,3o,97,4O3
Currcn| ||ec|||||cs 2,39,o8,28,22O 1,85,12,44,178
|on-currcn| essc|s 23,o4,21,85,583 14,4o,97,92,O4o
Currcn| essc|s 79,37,12,O25 1,57,OO,49,544
Items from Statement of Prot and
Loss for the year ended
31.03.2013 31.03.2012
o|e| |cvcnuc 9,92,85,o79 1,27,7o,O4,7OO
o|e| |xpcnscs 24,O7,44,185 1,2O,O2,58,o5o
|ron|/ ,|oss) ccforc ex ,14,14,58,5Oo) 7,73,4o,O44
o|e| ex |xpcnscs ,1,24,1O,91o) 2,37,98,O42
|ron|/ ,|oss) for |hc ycer ,12,9O,47,59O) 5,35,48,OO2
hc nnenc|e| s|e|cmcn|s eno |hc pcrformencc of |hc Compeny hevc cccn o|scussco
|n |hc Venecmcn| ||scuss|on & /ne|ys|s scc||on, vh|ch |s e| /nncx-1 |o |h|s |cpor|.
FIXED DEPOSITS
hc Compeny hes no| ecccp|co eny nxco ocpos|| our|n |hc nnenc|e| ycer cno|n 31
s|

Verch 2O13.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNING & OUTGO
|ncry euo|| ves oonc our|n |ovcmccr 2O12 e| V|| for fur|hcr rcouc||on |n
/ux|||ery povcr consump||on. C||s hevc cccn |ns|e||co |n |ovnsh|ps, ofncc eno p|en|
for conscrv|n cncry. /f|cr |hc |&V of co|h |hc un||s ,211OV\) |s comp|c|co,
consump||on of eux|||ery povcr eno foss|| fuc| vou|o cc rcoucco.
|ur|n |hc pcr|oo unocr rcv|cv, |hcrc ves no cern|n |n |hc forc|n cxchenc. hc
ou|o |n forc|n cxchenc ves l|| 2,57,O43 ,|uro 3,753).
AUDIT COMMITTEE
/s on 31.O3.2O13, |hc /uo|| Comm|||cc of |hc boero of ||rcc|ors compr|sco S/Shr| /.|.
S|nhe|, |.|. V|sre eno v.C. Gup|e, ||rcc|ors es mcmccrs of |hc Comm|||cc. |ovcvcr,
ouc |o chenc |n ||rcc|ors, |hc boero rccons|||u|co |hc /uo|| Comm|||cc on 3O.O4.2O13
eno prcscn||y, |hc /uo|| Comm|||cc compr|scs S/Shr| /.|. S|nhe|, |.|. V|sre, v.C.
Gup|e, S. |oy eno /neno ||shorc ,l/S), ||rcc|ors es mcmccrs of |hc Comm|||cc.
Onc mcc||n of |hc /uo|| Comm|||cc ves hc|o our|n |hc ycer on O4.O5.2O12.
AUDITORS REPORT
hc Comp|ro||cr & /uo||or Gcncre| of lno|e |hrouh |c||cr oe|co O3.O8.2O12 heo
eppo|n|co V/s b.b. Ve|hur & Co., Cher|crco /ccoun|en|s es S|e|u|ory /uo||ors of |hc
Compeny for |hc nnenc|e| ycer 2O12-13. hc S|e|u|ory /uo||ors hes sucm|||co |hc|r
rcpor| on |hc nnenc|e| s|e|cmcn|s eno |hcrc |s no eovcrsc commcn| or rcmer| |n |hc|r
rcpor|.
COMPTROLLER & AUDITOR GENERAL OF INDIA REVIEW
hc Comp|ro||cr & /uo||or Gcncre| of lno|e, |hrouh |c||cr oe|co 17.Oo.2O13, hes |vcn
'|l|' Commcn|s on |hc ||nenc|e| S|e|cmcn|s of your Compeny for |hc ycer cnoco 31
s|

Verch 2O13 unocr scc||on o19,4) of |hc Compen|cs /c|,195o. /s eov|sco cy |hc Ofncc
of |hc Comp|ro||cr & /uo||or Gcncre| of lno|e ,C&/G), |hc con|cn|s of |c||cr oe|co
17.Oo.2O13 of C&/G for |hc ycer 2O12-13 erc cc|n p|ecco v||h |hc rcpor| of S|e|u|ory
/uo||ors of your Compeny c|scvhcrc |n |h|s /nnue| |cpor|.
COST AUDITORS
/s pcr |hc rcqu|rcmcn|s of |hc Cos| /ccoun||n |ccoros ,||cc|r|c||y lnous|ry) |u|cs,
2OO1, |hc boero, |n ||s mcc||n hc|o on 28.O9.2O12, heo eppo|n|co V/s Vus|c & Co.,
Cos| /ccoun|en|s, Vumce| es |hc Cos| /uo||or of |hc Compeny for |hc nnenc|e| ycer
2O12-13.
hc boero, |n ||s Vcc||n hc|o on 3O.O4.2O13, heo eppo|n|co V/s v.|. Gup|e, Cos|
/ccoun|en|s es |hc Cos| /uo||or of |hc Compeny for |hc nnenc|e| ycer 2O13-14.
hc ouc oe|c for n||n conso||oe|co Cos| /uo|| |cpor| |n b|| forme| for |hc nnenc|e|
ycer cnoco Verch 31, 2O12 ves Scp|cmccr 27, 2O12 vh|ch ves sucscqucn||y cx|cnoco
up|o 28
|h
|ccruery 2O13 |hrouh Gcncre| C|rcu|er |o. 2/2O13 oe|co 31.O1.2O13 |ssuco
cy V|n|s|ry of Corpore|c /ffe|rs eno |hc Cos| /uo|| |cpor| for your Compeny ves n|co
v||h |hc Ccn|re| Govcrnmcn| on 27.O2.2O13. hc ouc oe|c for n||n conso||oe|co Cos|
/uo|| |cpor| for |hc nnenc|e| ycer cnoco Verch 31, 2O13 |s Scp|cmccr 27, 2O13 eno
|hc conso||oe|co Cos| /uo|| |cpor| es prcscr|cco for |hc nnenc|e| ycer 2O12-13 she|| cc
n|co v||h|n |hc prcscr|cco ||mc pcr|oo.
/s pcr prov|s|ons of Scc||on 217,2/) of |hc Compen|cs /c|, 195o rceo v||h |hc
Compen|cs ,|er||cu|ers of |mp|oyccs) |u|cs, 1975, cvcry compeny |s rcqu|rco |o
prov|oc per||cu|er of cmp|oyccs vhosc rcmuncre||on |s morc |hen ` oO |ec pcr nnenc|e|
ycer, |f cmp|oyco for vho|c of |hc ycer or morc |hen ` 5 |ec pcr mon|h, |f cmp|oyco for
per| of |hc ycer |n |hc ||rcc|ors' |cpor|.
|ovcvcr, es pcr no||nce||on oe|co 31.O3.2O11 |ssuco cy V|n|s|ry of Corpore|c /ffe|rs,
emcno|n eforcse|o prov|s|ons of |hc Compen|cs ,|er||cu|ers of |mp|oyccs) |u|cs, 1975
hes cxcmp|co Govcrnmcn| compen|cs for no| |nc|uo|n such per||cu|er |n |hc ||rcc|ors'
|cpor|. /s your Compeny |s e Govcrnmcn| Compeny, such per||cu|ers hevc no| cccn
|nc|uoco es per| of ||rcc|or's |cpor|.
|ur|hcr, eny mcmccr ocs|rous of oc|e|n|n such per||cu|ers mey vr||c |o |hc Compeny.
/|so, such per||cu|ers she|| cc meoc eve||ec|c |o |hc shercho|ocr,s) on e spcc|nc
rcqucs| meoc cy |hcm our|n /nnue| Gcncre| Vcc||n schcou|co for 23.O7.2O13.
/s rcqu|rco unocr Scc||on 217,2//) of |hc Compen|cs /c|, 195o, your ||rcc|ors
connrm |he|:
1. |n |hc prcpere||on of |hc ennue| eccoun|s, |hc epp||cec|c eccoun||n s|enoeros
heo cccn fo||ovco e|on v||h propcr cxp|ene||on rc|e||n |o me|cr|e| ocper|urcs,
2. |hc ||rcc|ors heo sc|cc|co such eccoun||n po||c|cs eno epp||co |hcm
3. |hc ||rcc|ors heo |e|cn propcr eno sufnc|cn| cerc for |hc me|n|cnencc of eocque|c
eccoun||n rccoros |n eccoroencc v||h |hc prov|s|ons of |hc Compen|cs /c|,
195o for sefcuero|n |hc essc|s of |hc compeny eno for prcvcn||n eno oc|cc||n
freuo eno o|hcr |rrcu|er|||cs, eno
4. |hc ||rcc|ors heo prcperco |hc /nnue| /ccoun|s on e o|n conccrn ces|s.
KANTI BIJLEE UTPADAN NIGAM LTD.
37
th
BOARD OF DIRECTORS
Shr| |e||en |reseo ccesco |o cc |hc ||rcc|or of |hc Compeny v||h cffcc| from O9.O2.2O13
on cces|n |o cc |hc ofnc|e| of b|her S|e|c |ovcr Gcncre||on Compeny ||m||co ,bS|GC|)
,crs|vh||c b|her S|e|c ||cc|r|c||y boero).
Shr| 0.|. |en| ccesco |o cc |hc ||rcc|or of |hc Compeny v||h cffcc| from 23.O3.2O13 eno
|n h|s p|ecc, ||C heo nom|ne|co Shr| S. |oy, ||| ,|es|-l), ||C es ||rcc|or on |hc boero
of your Compeny v||h cffcc| from 23.O3.2O13.
Shr| /neno ||shorc ,l/S), Vene|n ||rcc|or, bS|GC| hes cccn nom|ne|co cy bS|GC|
eno eppo|n|co es |hc ||rcc|or cy |hc boero of your Compeny v||h cffcc| from
3O.O4.2O13.
Shr| |.|. |e| ccesco |o cc |o |hc ||rcc|or of |hc Compeny v||h cffcc| from O5.Oo.2O13 on
cces|n |o cc |hc ofnc|e| of bS|GC|. ln h|s p|ecc, bS|GC| hes nom|ne|co Shr| Senoccp
|ounor|| ,l/S), Che|rmen, bS|GC| es ||rcc|or of |hc Compeny. hc boero hes eppo|n|co
h|m es |hc ||rcc|or v||h cffcc| from 11.Oo.2O13.
Shr| v.C. Gup|e ccesco |o cc |o |hc ||rcc|or of |hc Compeny v||h cffcc| from O5.O7.2O13
on cces|n |o cc |hc ofnc|e| of bS|GC|.
hc boero v|shcs |o p|ecc on rccoro ||s occp epprcc|e||on for |hc ve|uec|c scrv|ccs
rcnocrco cy Shr| |.|. |e|, Shr| 0.|. |en|, Shr| |e||en |reseo eno Shr| v.C. Gup|e our|n |hc|r
essoc|e||on v||h |hc Compeny.
/s pcr |hc prov|s|ons of |hc Compen|cs /c|, 195o, Shr| |.|. V|sre, ||rcc|or she|| rc||rc
cy ro|e||on e| |hc cnsu|n /nnue| Gcncre| Vcc||n eno cc|n c|||c|c, offcrs h|msc|f for
rc-eppo|n|mcn|.
ACKNOWLEDGEMENT
/our ||rcc|ors ec|nov|coc, v||h occp scnsc of epprcc|e||on, |hc co-opcre||on
cx|cnoco cy V|n|s|ry of |ovcr/ Govcrnmcn| of lno|e, Govcrnmcn| of b|her, b|her S|e|c
|ovcr Gcncre||on Compeny ||m||co ,crs|vh||c b|her S|e|c ||cc|r|c||y boero), ||enn|n
Comm|ss|on, Ccn|re| ||cc|r|c||y |cu|e|ory Comm|ss|on, V|n|s|ry of |nv|ronmcn| eno
|orcs|s eno /|rpor|s /u|hor||y of lno|e.
/our ||rcc|ors e|so convcy |hc|r re|||uoc |o |hc |o|o|n Compeny |.c. ||C ||o.,
/uo||ors, ben|crs, Con|rec|ors, vcnoors eno Consu||en|s of |hc Compeny.
\c v|sh |o p|ecc on rccoro our epprcc|e||on for |hc un||r|n cffor|s eno con|r|cu||ons
cy |hc cmp|oyccs e| e|| |cvc|s |o cnsurc |he| |hc Compeny con||nucs |o rov eno cxcc|.
Place : New Delhi (Dr. Arup Roy Choudhury)
Dated : 23
rd
July 2013 Chairman
Annex-1 to the Directors Report
INDUSTRY SECTOR AND DEVELOPMENTS
hc |ovcr Scc|or |n lno|e hes meoc rep|o s|r|ocs our|n |hc |es| s|x occeocs |n
|hc nc|o of cncre||on, |rensm|ss|on, o|s|r|cu||on eno u||||ze||on of c|cc|r|c||y. hc
|ns|e||co cncre||n cepec||y |n |hc coun|ry |n 1947 ves 1,3o2 V\ vh|ch ce|crco
|o povcr rcqu|rcmcn|s of urcen ccn|rcs eno eoo|n|n erces v||h c|cc|r|nce||on of
erouno 1,5OO v|||ecs. hc povcr cncre||n cepec||y |n |hc coun|ry hes s|ncc rovn
men|fo|o |o 2,23,343 V\ e| |hc cno of Verch 2O13.
GENERATION
Review of Installed Capacity & Capacity Addition during nancial year 2012-13
hc |o|e| |ns|e||co cepec||y |n |hc coun|ry es on Verch 31, 2O13 ves 223,343.oO V\
v||h S|e|c Scc|or hev|n e sherc of 39.91%, fo||ovco cy |r|ve|c Scc|or v||h 3O.83%
sherc eno ce|encc 29.2o% con|r|cu|co cy Ccn|re| Scc|or cn||||cs.
S|e|c 89,124.o2 39.91
|r|ve|c o8,859.O4 3O.83
Ccn|re| o5,359.94 29.2o
Total* 223,343.60 100.00
,Sourcc: C|/)
Cepec||y eoo|||on of 2O,o22.8O V\ our|n nnenc|e| ycer 2O12-13 cxcccoco |hc
|erc| of 17,95o.3O V\ v||h mex|mum con|r|cu||on of 54.59% cy |r|ve|c Scc|or,
fo||ovco cy Ccn|re| Scc|or of 2o.17%.
S|e|c 3,9o8.OO 19.24
|r|ve|c 11,257.5O 54.59
Ccn|re| 5,397.3O 2o.17
Total* 20,622.80 100.00
* |xc|uo|n ||S vh|ch |nc|uocs Sme|| |yoro |rocc|, b|omess |ovcr, 0rcen &
lnous|r|e| \es|c |ovcr, \|no |ncry eno So|er |ovcr
hc |o|e| |hcrme| cepec||y, |nc|uo|n es eno o|csc| s|e||ons eccoun|s for ecou|
o7.85% of |ns|e||co cepec||y of |hc coun|ry fo||ovco cy hyoro cepec||y e| 17.o8%.
|uc|cer s|e||ons eccoun| for 2.14% eno |hc ce|encc 12.33% |s con|r|cu|co cy ||S.
Existing Generation
hc |o|e| povcr cncre||on |n |hc coun|ry our|n nnenc|e| ycer 2O12-13 ves 912.Oo
b0 es comperco |o 87o.89 b0 our|n |es| ycer, rc|s|cr|n e rov|h of 4.O1%.
Scc|or v|sc eno fuc| v|sc crce|-up of cncre||on |n b0 for |hc nnenc|e| ycer 2O12-13
eno nnenc|e| ycer 2O11-12 |s oc|e||co es unocr:
Sector FY 2012-13 FY 2011-12 Fuel FY 2012-13 FY 2011-12
S|e|c 347.15 3o7.9o |yoro 113.72 13O.51
|r|ve|c 184.15 139.o5 |uc|cer 32.87 32.29
O|hcrs* 4.79 5.28 O|hcrs* 4.79 5.28
Total 912.06 876.89 Total 912.06 876.89
*lmpor| from bhu|en ,Sourcc: C|/)
Of |hc |o|e| |e||one| Gcncre||on our|n nnenc|e| ycer 2O12-13, |hc S|e|c Scc|or
con|r|cu|co 38%, Ccn|re| Scc|or u||||||cs con|r|cu|co 41% vhcrc es |r|ve|c Scc|or
hes con|r|cu|co 2O%. hc ovcre|| cncre||on our|n |hc ycer ves ~ 2 % |css |hen |hc
prorem/|erc|.
Capacity Utilisation
Cepec||y u||||se||on |n |hc lno|en povcr scc|or |s mcesurco cy ||en| |oeo |ec|or ,|||).
hc ||| hes shovn e occ||nc our|n nnenc|e| ycer 2O12-13 v|s-e-v|s nnenc|e| ycer
2O11-12.
Ccn|re| 79.18 82.O1 -2.83
S|e|c o5.54 o8.35 -2.81
l|| o2.1o o7.27 -5.11
|r|ve|c 75.o9 7o.19 -O.5
/|| lno|e o9.93 73.47 -3.54
||| of |hcrme| s|e||ons occ||nco from 73.47% |o o9.93%. hc occ||nc |n ||| ves
me|n|y on eccoun| of shor|ec / poor que|||y of coe| , cec||n oovn/ shu| oovn of
un||s on eccoun| of |ov schcou|c from ccncnc|ery s|e|cs eno oc|ey |n s|ec|||ze||on
of ncv un||s.
hc povcr supp|y pos|||on |n |hc coun|ry our|n 2OO9-1O |o 2O12-13:
Year Energy Peak
Require-
ment
Availa-
bility
Surplus/
Decits (-)
Peak
Demand
Peak
Met
Surplus/
Decits(-)
(MU) (MU) (MU) (%) (MW) (MW) (MW) (%)
2OO9-1O 8,3O,594 7,4o,o44 83,95O -1O.1 1,19,1oo 1,O4,OO9 15,157 -12.7
2O1O-11 8,o1,591 7,88,355 73,23o -8.5 1,22,287 1,1O,25o 12,O31 -9.8
2O11-12 9,37,199 8,57,88o 79,313 -8.5 1,3O,OOo 1,1o,191 13,815 -1O.o
2O12-13 9,95,5OO 9,O8,574 8o,92o -8.7 1,35,453 1,23,294 12,159 -9.O
hc povcr supp|y pos|||on |n |es|crn |c|on eno b|her our|n 2O12-13 eno
en||c|pe|co povcr supp|y pos|||on |n |es|crn |c|on eno b|her our|n 2O13-14 |s
es unocr:
Particulars Year 2012-13 Year 2013-14 (Anticipated)
Req (MU) Avail
(MU)
Surplus/
(Decit)
Req
(MU)
Avail
(MU)
Surplus/
(Decit)
|ncry |cqu|rcmcn|
|es|crn |c|on 1,O7,457 1,O2,51O ,4,947 V0s)
,4.o%)
1,19,o32 1,31,88O 12,248 V0s
1O.2%
b|her 15,4O9 12,835 ,2,574 V0s)
,1o.7%)
15,2o8 12,3o1 ,2,9Oo V0s)
,19.O%)
|ce| |cqu|rcmcn|
|es|crn |c|on 1o,o55 15,415 ,1,24O V0s)
,7.4%)
18,257 19,7OO 1,443 V0s
7.9%
b|her 2,295 1,784 ,511 V0s)
,22.3%)
2,75O 1,954 ,79o V0s)
,29.O%)
|rom |hc ecovc, || |s cv|ocn| |he| |hcrc hevc cccn cncry eno pce| shor|ecs |n
|hc |es|crn |c|on es vc|| es |n b|her our|n |hc ycer 2O12-13. ln |hc ycer 2O13-14,
37
th
|houh sufnc|cn| cncry |s eve||ec|c |n |hc |es|crn |c|on, cncry eno pce| shor|ecs
s|||| rcme|ns |n b|her.
SWOT ANALYSIS
Strength/ Opportunity:
ln |hc sccner|o of h|h ocmeno vcrsus |ov supp|y of povcr, |mp|cmcn||n |hc
Compeny's procc| |s us||nco. hc Compeny hes ||co up |oen por||on of ||s nnenc|n
p|en v||h S|e|c ben| of lno|e. l| hes fu|| suppor| of ||C, |hc promo|cr eno meor
s|e|c ho|ocr. hc ho|o|n Compeny, |.c. ||C ||m||co |s prov|o|n cn|nccr|n eno
menecmcn| cxpcr||sc from p|enn|n |o comm|ss|on eno opcre||n povcr p|en|.
hc o|hcr promo|cr |.c. b|her S|e|c |o|o|n |ovcr Compeny ||m||co ,crs|vh||c b|her
S|e|c ||cc|r|c||y boero) |s e|so |hc ccncnc|ery of |hc Compeny.
|&V of S|ec-l ,211OV\) |s cc|n oonc cy bhere| |cevy ||cc|r|ce|s ||m||co
eno Ve|n ||en| orocr of S|ec-ll ,2195V\) hes cccn everoco |o bhere| |cevy
||cc|r|ce|s ||m||co.
Weakness/ Threats:
/our Compeny hes cccn fec|n cons|re|n| |n ||c-up of coe| eno ||c-up of funos for
vor||n cep||e|. hc erce |n vh|ch |hc p|en| |s |oce|co cxpcr|cnccs hcevy re|nfe||
eno nooos.
RISK AND CONCERN
hc r|s|s |o vh|ch compeny |s cxposco eno |hc |n|||e||vcs |e|cn cy |hc compeny |o
m|||e|c such r|s|s erc |vcn cc|ov:
Hazard risks erc rc|e|co |o ne|ure| hezeros er|s|n ou| of ecc|ocn|s eno ne|ure|
ce|em|||cs |||c nrc, cer|hque|c or cyc|onc, nooos c|c.
||s| essoc|e|co v||h pro|cc||on of cnv|ronmcn|, sefc|y of opcre||ons eno hce||h
of pcop|c e| vor| |s mon||orco rcu|er|y v||h rcfcrcncc |o s|e|u|ory rcu|e||ons
prcscr|cco cy |hc ov|. eu|hor|||cs eno Compeny |s formu|e||n ||s ovn u|oc||ncs
|n |h|s rcero. ||s| er|s|n ou| of ecc|ocn|s, nrc c|c |s pro|cc|co |hrouh |nsurencc
po||c|cs eno ||m||co |hrouh con|rec|ue| erccmcn|s vhcrcvcr poss|c|c.
Financial Risks |nc|uocs ||c-up of vor||n cep||e| |oen rcqu|rco for S|ec-l eno |crm
|oen for cons|ruc||on of esh oy|c eno /\|S for S|ec-l.
hc Compeny |s |n |hc proccss of |y|n up |oen v||h Cenere ben| eno S|e|c ben| of
lno|e.
||s|n pr|ccs of coe| eno o|| eno ||s sucscqucn| |mpec| on cos| of cncry se|cs nccos
|o cc eoorcssco.
Operational risks erc essoc|e|co v||h sys|cms, proccsscs eno pcop|c eno covcr
erces such es succcss|on p|enn|n, e||r|||on eno rc|cn||on of pcop|c, opcre||one|
fe||urc or |n|crrup||on, o|srup||on |n supp|y che|n, fe||urc of rcscerch & ocvc|opmcn|
fec|||||cs eno feu||y epp||ce||on of |nforme||on |cchno|oy.
hc Compeny hes e|veys cnocevour |o |vc ccs| |o |hc|r cmp|oyccs |n form of
se|ery, pcrqu|s||cs eno o|hcr fec|||||cs |nc|uo|n pey|n of pron| rc|e|co peymcn| so
|he| |hc ccs| |e|cn| |s rc|e|nco. hc Compeny |s cmp|oy|n profcss|one| cxpcr|s of
ver|ous nc|os vho erc ocpu|co from ||C eno bS|GC|. hc Compeny hes |e|cn up
cxpens|on p|en |o succcco |n |h|s compc||||vc cnv|ronmcn|.
hc po||c|cs eno proccss fremcvor| of |hc compeny suppor|co cy |hc proec||vc
epproech of menecmcn| m|||e|c opcre||one| r|s|s |o rce| cx|cn|.
hc Compeny hes epprovco |chec||||e||on eno |csc|||cmcn| ||en for S|ec-ll for `
2O.O3 crorc |overos ||s comm||mcn| |o soc|c|y.
INTERNAL CONTROL
hc Compeny hes rocus| |n|crne| sys|cms eno proccsscs for cfnc|cn| conouc|
of cus|ncss. hc Compeny |s comp|y|n v||h rc|cven| |evs eno rcu|e||ons. l| |s
fo||ov|n oc|ce||on of povcrs es |s cc|n fo||ovco |n ||C ||m||co. hc eccoun|s
erc cc|n prcperco |n eccoroencc v||h |hc /ccoun||n S|enoeros |ssuco cy lns|||u|c
of Cher|crco /ccoun|en|s of lno|e from ||mc |o ||mc eno es pcr |hc u|oc||ncs |ssuco
from ||C ||m||co. hc Compeny hes |mp|cmcn|co S/| |n e|| moou|cs |||c ||,
/ccoun||n, |n|nccr|n, c|c. l| |s hc|p|n |hc Compeny e |o| |n rc|r|cv|n oe|e eno
me|n|e|n|n sys|cme||c cec|up.
ln orocr |o cnsurc |he| e|| chcc|s eno ce|enccs erc |n p|ecc eno e|| |n|crne| sys|cms
erc |n orocr, rcu|er eno cxheus||vc |n|crne| euo||s erc conouc|co cy cxpcr|cncco
nrm of Cher|crco /ccoun|en|s |n cooro|ne||on v||h ln|crne| /uo|| |cper|mcn| of
||C ||m||co. hc Compeny hes cons|||u|co en /uo|| Comm|||cc |o ovcrscc |hc
nnenc|e| pcrformencc of |hc Compeny. hc scopc of |h|s Comm|||cc |nc|uocs
comp||encc v||h ln|crne| Con|ro| Sys|cms.
bo|h |hc un||s of S|ec-l of V|| vcrc unocr rcnove||on eno moocrn|ze||on.
Cons|ruc||on vor| |s |n prorcss for S|ec-ll ,2195 V\) of |hc procc|.
|ur|n |hc nnenc|e| ycer 2O12-13, 1,44,13,O33 numccr of shercs vcrc |ssuco
|o ||C eno 71,77,943 numccr of shercs vcrc |ssuco |o b|her S|e|c |ovcr
Gcncre||on Compeny ||m||co ,bS|GC|) ,crs|vh||c bS|b). hc re||o of sherc cep||e|
,` 5,49,4o,34,3oO) cc|vccn ||C eno bS|b ves o5:35 e| |hc cno of nnenc|e| ycer
2O12-13. hc sherc epp||ce||on moncy pcno|n e||o|mcn| e| |hc cno of nnenc|e| ycer
emoun|co |o ` 88,o1,43,347.
hc ren|s rccc|vco from bec|vero |c|on Gren|s |uno ,|esh|r|ye Sem v||es /one)
ves crco||co |o cep||e| rcscrvc eccoun| |n|||e||y eno |hc semc ves |rce|co es |ncomc
|n |hc semc propor||on es |hc ocprcc|e||on vr|||cn off on |hc essc|s ecqu|rco ou| of
ren|s. hc ren|s rccc|vco our|n |hc ycer ves ` 4O crorc eno ` 9,15,53,3o5 ves
rccon|sco es lncomc.
/our Compeny hes orevn sccurco |crm |oen of ` 8,32,51,O4,927 from consor||um
|co cy S|e|c ben| of lno|e eno sccurco |oen of ` 2,o8,oO,OO,OOO |||| 31.O3.2O13 from
o|hcr per||cs for S|ec-ll ,2195 V\) cxpens|on procc|. hc unsccurco |oen from
|hc |o|o|n Compeny s|ooo e| ` 8,85,71,429 e| |hc cno of |hc nnenc|e| ycer. /our
compeny hes meoc no ocfeu||s |n rcpeymcn| of eny of |hc |oens or |n|crcs| |hcrcon
es e| |hc cno of |hc ycer. hc currcn| ||ec|||||cs s|ooo e| ` 239,o8,28,22O.
hc nc| |en|c|c essc|s es e| 31.O3.2O13 vcrc ` 2,31,O4,23,747 es ee|ns| `
2,13,53,O7,988 es e| 31.O3.2O12. hc nc| |n|en|c|c essc|s es e| 31.O3.2O13 vcrc `
4,3o,392 es ee|ns| es e| 31.O3.2O12 vcrc ` 8,13,229. hc cep||e| vor|-|n-prorcss
ves ` 19,58,53,O8,393 es on 31.O3.2O13 es comperco |o `1O,O7,43,O3,791 es on
31.O3.2O12. hc currcn| essc|s s|ooo e| ` 79,37,12,O25 es on 31.O3.2O13, vh||c |hc
currcn| essc|s es on 31.O3.2O12 vcrc ` 157,OO,49,544 .
borrov|n cos|s e||r|cu|ec|c |o |hc nxco essc|s our|n cons|ruc||on, rcnove||on eno
moocrn|se||on hevc cccn cep||e||sco. Such corrov|n cos|s hevc cccn eppor||onco
on |hc evcrec ce|encc of cep||e| vor|-|n-prorcss for |hc ycer. O|hcr corrov|n
cos|s erc rccon|sco es en cxpcnsc |n |hc pcr|oo |n vh|ch |hcy erc |ncurrco. hc
corrov|n cos|s cep||e||sco our|n |hc ycer cnoco 31.O3.2O13 ves ` 83,1O,72,29O.
hcrc ves no cncre||on of c|cc|r|c||y our|n |hc ycer es co|h |hc un||s of S|ec-l
vcrc unocr |&V. hc o|hcr opcre||n rcvcnuc |nc|uoco emoun| of ren|s rccc|vco
from |hc Ccn|re| Govcrnmcn| eno eous|co es |ncomc |n |hc semc propor||on
es ocprcc|e||on vr|||cn off on |hc essc|s ecqu|rco ou| of ren|s eno emoun|
of prov|s|ons vr|||cn cec|. hc rcvcnuc from opcre||ons |hus emoun|co |o `
9,87,92,528 eno o|hcr |ncomc ,|n|crcs| from cen|s, se|c of screp c|c) emoun|co
|o ` 4,93,151. hc |o|e| cxpcnscs vcrc ` 24,O7,44,185 vh|ch |nc|uoco cmp|oycc
ccncn| cxpcnsc, nnencc cos|, ocprcc|e||on eno emor||se||on cxpcnscs, cncre||on,
eom|n|s|re||on & o|hcr cxpcnscs eno nc| of pr|or pcr|oo ||cms. hc |o|e| emoun|
of cxpcno||urc our|n cons|ruc||on nc| of |ncomc eno pr|or pcr|oo ||cms ves
` 1,32,58,O4,198 vh|ch ves cerr|co |o C\l|.
hc ocfcrrco |ex cxpcnsc emoun|co |o ,` 1,24,1O,91o). hc |oss for |hc ycer ves
` 12,9O,47,59O, vh|ch ves |rensfcrrco |o rcscrvcs eno surp|us.
HUMAN RESOURCE
|rcscn||y, |hc Compeny hes |o|e| s|rcn|h of 197 cmp|oyccs, ou| of vh|ch, 1oo
cmp|oyccs erc ocpu|co from |hc |o|o|n Compeny |.c. ||C ||m||co ,|nc|uo|n
12 |s), 22 cmp|oyccs erc ocpu|co from bS|b eno 9 cmp|oyccs erc on |hc ro||s
of |b0||. Ou| of |hc |o|e| s|rcn|h, |hc compeny hes cmp|oyco 19 SC ceno|oe|cs,
1O S ceno|oe|cs eno 35 ObC ceno|oe|cs es e soc|e||y rcspons|c|c eno consc|ous
oren|se||on.
hc Compeny |s pey|n eocque|c pcr|s eno e|so me||n cmp|oyccs per| of pron|
sher|n cy |v|n |ron| |c|e|co |eymcn|. hcy erc cc|n |mper|co |re|n|n for |hc|r
profcss|one| up reoe||on from ||mc |o ||mc es en cnocevour of your compeny |o
cccomc e |cern|n oren|se||on. hc Compeny heo pe|o ` 32,48,o8,199/- |overos
Se|er|cs, \ecs, /||ovenccs, bcncn|s, Con|r|cu||on |o |rov|ocn| eno o|hcr |unos
eno vc|ferc cxpcnscs. h|s |nc|uoco ` 5,23,81,147 |overos |cevc, supcrennue||on
eno o|hcr ccncn|s pcr|e|n|n |o cer||cr ycers |.c. O1.O1.2OO7 |o 31.O3.2O12 cc|n
eoo|||one| prov|s|on meoc our|n |hc currcn| ycer ouc |o chenc |n |hc mc|hooo|oy
of occ|| of such prov|s|ons cy |hc |o|o|n Compeny, |.c. ||C ||m||co. Ou| of `
32,48,o8,199/-, |hc emoun| |rensfcrrco |o |xpcno||urc our|n Cons|ruc||on ves `
28,54,o1,95O/-.
|ur|n |hc ycer, |hc Compeny oren|sco four mcc||ns v||h |hc cmp|oyccs/
rcprcscn|e||vcs |o |nov |hc|r proc|cms eno |o rcso|vc |hc semc |o me|c |hc
cnv|ronmcn| concn|e|.
Sefc mc|hoos erc prec||sco |n e|| erces of Opcre||on & Ve|n|cnencc eno Cons|ruc||on
& crcc||on ec||v|||cs for |hc pro|cc||on of vor|crs ee|ns| |nury eno o|scescs.
Occupe||one| sefc|y e| vor|p|ecc |s |vcn u|mos| |mpor|encc.
OUTLOOK
hc compeny's ou||oo| |s vcry cr|h|. l| v||| cncre|c sufnc|cn| rcvcnuc for rov|h
eno ocvc|opmcn| of |hc compeny oncc |hc p|en| cccomcs opcre||one|. l| v||| e|so
coos| cmp|oymcn| oppor|un|||cs |o |hc |oce| |nhec||en|s.
Place : New Delhi (Dr. Arup Roy Choudhury)
Dated : 23
rd
July 2013 Chairman
37
th
BALANCE SHEET AS AT
,/moun| |n `)
PARTICULARS |o|c 31.03.2013 31.O3.2O12
Shareholders funds
Sherc cep||e| 2 5,494,634,360 5,278,724,oOO
|cscrvcs eno surp|us 3 3,648,918,572 3,53o,134,2O8
Share application money pending
allotment
4 886,143,347 39O,O41,2O1
|on-|crm corrov|ns 5 11,099,676,356 4,o39,2O2,788
|cfcrrco |ex ||ec|||||cs ,nc|) o 1,199,206 13,o1O,122
O|hcr |on |crm ||ec|||||cs 7 908,497,547 33O,884,493
Current liabilities
Shor| |crm corrov|n 8 350,535,236 4O2,1o2,o55
reoc peyec|cs 9 419,146,810 3o9,4O3,13O
O|hcr currcn| ||ec|||||cs 1O 1,393,758,745 912,o42,218
Shor|-|crm prov|s|ons 11 233,387,429 1o7,O3o,175
Total 24,435,897,608 1o,O39,841,59O
ASSETS
Non-current assets
||xco essc|s
en|c|c essc|s 12 2,310,423,747 2,135,3O7,988
ln|en|c|c essc|s 12 436,392 813,229
Cep||e| vor|-|n-prorcss 13 19,585,308,393 1O,O74,3O3,791
|on-|crm |oens eno eovenccs 14 1,746,017,051 2,259,3o7,O38
Current assets
lnvcn|or|cs 15 230,040,626 187,555,5o4
reoc rccc|vec|cs 1o 433,220,337 557,489,418
Cesh eno cen| ce|enccs 17 108,542,401 o72,7O4,981
Shor|-|crm |oens eno eovenccs 18 19,348,033 14,118,o27
O|hcr currcn| essc|s 19 2,560,628 138,18O,954
Total 24,435,897,608 1o,O39,841,59O
(Ruchi Aggrawal) (P.K.Rai) ( Arup Roy Choudhury)
Compeny Sccrc|ery ||rcc|or Che|rmen
For B.B. Mathur & Co.
,||rm |cn. |o.-OOO29O|)
(Rajneesh Behari Mathur)
|er|ncr
Vcm |o. O88O34
||ecc : |cv |c|h|
|e|co : O1 Vey 2O13
,/moun| |n `)
PARTICULARS |o|c 31.03.2013 31.O3.2O12
Revenue from operations(Gross) 2O 98,792,528 1,275,285,7O5
O|hcr |ncomc 21 493,151 2,318,995
Total Revenue 99,285,679 1,277,oO4,7OO
Expenses:
|uc| - 751,55O,o15
|mp|oycc ccncn|s cxpcnsc 22 39,406,249 9O,178,845
||nencc cos|s 23 10,174,602 83,747,95O
|cprcc|e||on eno emor||ze||on cxpcnsc 12 228,189,425 219,553,944
Gcncre||on, eom|n|s|re||on & o|hcr
cxpcnscs
24 16,067,093 o4,45o,257
|r|or pcr|oo ||cms ,|c|) 25 (53,093,184) ,9,228,955)
Total expenses 240,744,185 1,2OO,258,o5o
Prot/(Loss) before tax (141,458,506) 77,34o,O44
Tax expense:
Currcn| |ex - 1O,187,92O
|cfcrrco |ex (12,410,916) 13,o1O,122
Total tax expense (12,410,916) 23,798,O42
Prot/(Loss) for the year (129,047,590) 53,548,OO2
|xpcno||urc our|n cons|ruc||on pcr|oo
,|c|)
2o
|ern|n |cr |qu||y sherc
31
bes|c (0.25) O.15
|||u|co (0.22) O.14
hcrc erc no cxccp||one| or cx|re oro|nery ||cms |n |hc ecovc pcr|oos
,||rm |cn. |o.-OOO29O|)
|er|ncr
Vcm |o. O88O34
||ecc : |cv |c|h|
|e|co : O1 Vey 2O13
37
th
CASH FLOW STATEMENT
,/moun| |n `)
FOR THE YEAR ENDED MARCH 31, 2013 2O12
Net Prot/(Loss) before tax and after Prior
Period Adjustments (141,458,506) 77,34o,O44
Adjustment for:
|cprcc|e||on//mor||se||on 228,189,425 219,553,944
|rov|s|ons 2,565,954 ,1,285,284)
ln|crcs| |ncomc (20,547) ,33,O74,78o)
ln|crcs| cherc 10,174,602 193,472,15O
Gueren|cc fcc & o|hcr nnencc
chercs 1,340,545 242,249,979 135,274,O54
Operating Prot before Working
Capital Changes 100,791,473 591,28o,122
Adjustment for:
reoc eno o|hcr rccc|vec|cs 124,269,081 ,12o,5o4,3OO)
lnvcn|or|cs (42,485,062) ,1o3,347,575)
reoc |eyec|cs & O|hcr
||ec|||||cs 1,174,824,515 538,911,353
|oens & eovenccs 508,120,581 1,139,o5O,894
O|hcr Currcn| /ssc|s 135,620,326 1,900,349,441 ,133,271,478)
Cash generated from operations 2,001,140,914 1,84o,oo5,O1o
lncomc ex//ovencc ex |e|o - ,3,545,52O)
Net Cash from Operating Activities - A 2,001,140,914 1,843,119,49o
||xco Cep||e| |xpcno||urc (9,086,767,158) ,8,437,23O,93o)
ln|crcs| |ncomc 20,547 33,O74,78o
Net Cash Flow from Investing Activities - B (9,086,746,611) ,8,4O4,15o,15O)
|rocccos from |on |crm corrov|n 6,408,846,149 4,4o7,378,121
Gren|s-|n-e|o rccc|vco 241,831,954 o48,711,527
|rocccos from lssuc of Sherc Cep||e|/
Sherc Cep||e| |cpos|| 712,011,906 2,222,1o8,O94
ln|crcs| pe|o (839,906,347) ,193,472,15O)
Gueren|cc fcc & o|hcr nnencc chercs (1,340,545) ,135,274,O54)
Net Cash Flow from Financing Activities - C 6,521,443,117 7,OO9,511,538
Net increase/Decrease in cash and cash
equivalents (A+B+C) (564,162,580) 448,474,884
Cash and cash equivalents (Opening Balance) 672,704,981 224,23O,O9o
Cash and cash equivalents (Closing Balance) 108,542,401 o72,7O4,981
NOTES:
1. Cesh eno cesh cqu|ve|cn|s cons|s|s of Cesh |n heno eno ce|encc v||h ben|s
2. |rcv|ous ycer's nurcs hevc cccn rcroupco/rcerrenco vhcrcvcr ncccssery.
,||rm |cn. |o.-OOO29O|)
|er|ncr
Vcm |o. O88O34
||ecc : |cv |c|h|
|e|co : O1 Vey 2O13
KANTI BIJLEE UTPADAN NIGAM LIMITED
Notes to the Financial Statements for the year ended 31
st
March 2013
Note No. 1 SIGNIFICANT ACCOUNTING POLICIES
1. BASIS OF PREPARATION
|nc|uo|n eccoun||n s|enoeros no||nco |hcrc unocr eno |hc prov|s|ons of
||cc|r|c||y /c| 2OO3 |o |hc cx|cn| epp||cec|c.
2. USE OF ESTIMATES
hc prcpere||on of nnenc|e| s|e|cmcn|s rcqu|rcs cs||me|cs eno essump||ons
|he| effcc| |hc rcpor|co emoun| of essc|s, ||ec|||||cs, rcvcnuc eno cxpcnscs
our|n |hc rcpor||n pcr|oo. /||houh such cs||me|cs eno essump||ons erc
meoc on e rcesonec|c eno pruocn| ces|s |e||n |n|o eccoun| e|| eve||ec|c
|nforme||on, ec|ue| rcsu||s cou|o o|ffcr from |hcsc cs||me|cs & essump||ons
eno such o|ffcrcnccs erc rccon|zco |n |hc pcr|oo |n vh|ch |hc rcsu||s erc
crys|e|||zco.
3. GRANTS-IN-AID
Gren|s-|n-e|o rccc|vco from |hc Ccn|re| Govcrnmcn| or o|hcr eu|hor|||cs
|overos cep||e| cxpcno||urc erc |rce|co |n|||e||y es cep||e| rcscrvc eno
sucscqucn||y eous|co es |ncomc |n |hc semc propor||on es |hc ocprcc|e||on
vr|||cn off on |hc essc|s ecqu|rco ou| of |hc ren|s.
4. FIXED ASSETS
4.1 en|c|c essc|s erc cerr|co e| h|s|or|ce| cos| |css eccumu|e|co
4.2 |xpcno||urc on rcnove||on eno moocrn|se||on of nxco essc|s rcsu|||n
|n |ncrcesco ||fc eno/or cfnc|cncy of en cx|s||n essc| |s eooco |o |hc
cos| of rc|e|co essc|s.
4.3 ln|en|c|c essc|s erc s|e|co e| |hc|r cos| of ecqu|s|||on |css eccumu|e|co
emor||se||on.
4.4 |cpos||s, peymcn|s/||ec|||||cs meoc prov|s|one||y |overos
compcnse||on, rchec||||e||on eno o|hcr cxpcnscs rc|e|ec|c |o |eno |n
posscss|on erc |rce|co es cos| of |eno.
4.5 ln |hc cesc of essc|s pu| |o usc, vhcrc nne| sc|||cmcn| of c|||s v||h
con|rec|ors |s yc| |o cc cffcc|co, cep||e||se||on |s oonc on prov|s|one|
4.o /ssc|s eno sys|cms common |o morc |hen onc cncre||n un|| erc
5. CAPITAL WORK-IN-PROGRESS
5.1 /om|n|s|re||on eno cncre| ovcrhceo cxpcnscs e||r|cu|ec|c |o
cons|ruc||on of nxco essc|s |ncurrco |||| |hcy erc rceoy for |hc|r
|n|cnoco usc erc |ocn||nco eno e||oce|co on e sys|cme||c ces|s |o |hc
5.2 |cpos|| vor|s/cos| p|us con|rec|s erc eccoun|co for on |hc ces|s of
5.3 0nsc|||co ||ec||||y for pr|cc ver|e||on/cxchenc re|c ver|e||on |n cesc of
con|rec|s erc eccoun|co for on cs||me|co ces|s es pcr |crms of |hc
con|rec|s.
6. FOREIGN CURRENCY TRANSACTIONS
o.1 |orc|n currcncy |rensec||ons erc |n|||e||y rccoroco e| |hc re|cs of
cxchenc ru||n e| |hc oe|c of |rensec||on.
o.2 /| |hc ce|encc shcc| oe|c, forc|n currcncy monc|ery ||cms erc
rcpor|co us|n |hc c|os|n re|c. |on-monc|ery ||cms ocnom|ne|co |n
forc|n currcncy erc rcpor|co e| |hc cxchenc re|c ru||n e| |hc oe|c of
|rensec||on.
o.3 |orc|n cxchenc o|ffcrcnccs er|s|n from sc|||cmcn| / |rens|e||on of
|on |crm forc|n currcncy monc|ery ||cms erc eous|co |n |hc cerry|n
o.4 O|hcr cxchenc o|ffcrcnccs erc rccon|zco es |ncomc or cxpcnsc |n
|hc pcr|oo |n vh|ch |hcy er|sc.
37
th
7. BORROWING COSTS
borrov|n cos|s e||r|cu|ec|c |o |hc nxco essc|s our|n cons|ruc||on/
cxp|ore||on, rcnove||on eno moocrn|se||on erc cep||e||sco. Such corrov|n
cos|s erc eppor||onco on |hc evcrec ce|encc of cep||e| vor|-|n-prorcss for
|hc ycer. O|hcr corrov|n cos|s erc rccon|sco es en cxpcnsc |n |hc pcr|oo
|n vh|ch |hcy erc |ncurrco.
8. INVENTORIES
8.1 lnvcn|or|cs erc ve|uco e| |hc |ovcr of, cos| oc|crm|nco on vc|h|co
evcrec ces|s, eno nc| rce||sec|c ve|uc.
8.2 hc o|m|nu||on |n |hc ve|uc of ocso|c|c, unscrv|ccec|c eno surp|us
s|orcs eno spercs |s esccr|e|nco on rcv|cv eno prov|oco for.
9. INCOME RECOGNITION
9.1 Se|c of cncry |s eccoun|co for cesco on |er|ff re|cs epprovco cy |hc
Ccn|re| ||cc|r|c||y |cu|e|ory Comm|ss|on ,C||C) es moo|nco cy |hc
orocrs of /ppc||e|c r|cune| for ||cc|r|c||y |o |hc cx|cn| epp||cec|c.
ln cesc |hc |er|ff re|cs erc yc| |o cc epprovco, prov|s|one| re|cs erc
eoop|co.
9.2 hc surcherc on |e|c peymcn|/ovcrouc sunory occ|ors for se|c
of cncry |s rccon|zco vhcn no s|n|ncen| unccr|e|n|y es |o
mcesurec||||y or co||cc|ec||||y cx|s|s.
9.3 ln|crcs|/surcherc rccovcrec|c on eovenccs |o supp||crs es vc|| es
verren|y c|e|ms/||qu|oe|co oemecs vhcrcvcr |hcrc |s unccr|e|n|y of
rce||se||on/ecccp|encc erc no| |rce|co es eccruco eno erc |hcrcforc
eccoun|co for on rccc|p|/ecccp|encc.
9.4 Screp o|hcr |hen s|cc| screp |s eccoun|co for es eno vhcn so|o.
9.5 lnsurencc c|e|ms for |oss of pron| erc eccoun|co for |n |hc ycer of
ecccp|encc. O|hcr |nsurencc c|e|ms erc eccoun|co for cesco on
ccr|e|n|y of rce||se||on.
10. EXPENDITURE
1O.1 |cprcc|e||on on |hc essc|s |s cherco on s|re|h| ||nc mc|hoo fo||ov|n
|hc re|cs eno mc|hooo|oy no||nco cy |hc C||C er|ff |cu|e||ons,
2OO9 prov|oco unocr Scc||on o1o ,c) of |hc Compen|cs /c|, 195o.
1O.2 |cprcc|e||on on |hc fo||ov|n essc|s |s prov|oco cesco on |hc|r
cs||me|co uscfu| ||fc:
c) |nec||n vor|s
- rcs|ocn||e| cu||o|ns |nc|uo|n |hc|r |n|crne|
c|cc|r|nce||on.
- non-rcs|ocn||e| cu||o|ns |nc|uo|n |hc|r
|n|crne| c|cc|r|nce||on, ve|cr supp|y, scvcrec
& ore|nec vor|s, re||vey s|o|ns, ecrooromcs,
hc||peos eno e|rs|r|ps.
15 ycers
5 ycers
c) |crsone| compu|crs & |ep|ops |nc|uo|n
pcr|phcre|s
5 ycers
1O.3 |cprcc|e||on on eoo|||ons |o/ocouc||ons from nxco essc|s our|n |hc
ycer |s cherco on pro-re|e ces|s from/up |o |hc mon|h |n vh|ch |hc
essc| |s eve||ec|c for usc/o|spose|.
1O.4 /ssc|s cos||n up |o ` 5OOO/- erc fu||y ocprcc|e|co |n |hc ycer of
ecqu|s|||on.
1O.5 Cos| of sof|verc rccon|zco es |n|en|c|c essc|, |s emor||sco on
s|re|h| ||nc mc|hoo ovcr e pcr|oo of |ce| r|h| |o usc or 3 ycers,
vh|chcvcr |s |css. O|hcr |n|en|c|c essc|s erc emor||zco on s|re|h|
||nc mc|hoo ovcr |hc pcr|oo of |ce| r|h| |o usc or 25 ycers
vh|chcvcr |s |css.
1O.o \hcrc |hc cos| of ocprcc|ec|c essc|s hes unocronc e chenc
our|n |hc ycer ouc |o |ncrcesc/occrcesc |n |on |crm ||ec|||||cs on
eccoun| of cxchenc nuc|ue||on, pr|cc eous|mcn|, chenc |n ou||cs
or s|m||er fec|ors, |hc unemor||sco ce|encc of such essc| |s cherco
off prospcc||vc|y e| |hc re|cs eno mc|hooo|oy no||nco cy C||C er|ff
|cu|e||ons, 2OO9.
1O.7 \hcrc |hc ||fc eno/or cfnc|cncy of en essc| |s |ncrcesco ouc |o
rcnove||on eno moocrn|ze||on, |hc cxpcno||urc |hcrcon e|on-v||h ||s
unemor||zco ocprcc|ec|c emoun| |s cherco off prospcc||vc|y ovcr
|hc rcv|sco uscfu| ||fc oc|crm|nco cy |cchn|ce| esscssmcn|.
1O.8 Vech|ncry spercs vh|ch cen cc usco on|y |n conncc||on v||h en ||cm
of p|en| eno mech|ncry eno |hc|r usc |s cxpcc|co |o cc |rrcu|er, erc
cep||e||sco eno fu||y ocprcc|e|co ovcr |hc rcs|oue| uscfu| ||fc of |hc
rc|e|co p|en| eno mech|ncry.
1O.9 |xpcno||urc for commun||y ocvc|opmcn| |s cherco off |o rcvcnuc.
1O.1O |cescho|o |eno erc fu||y emor||sco ovcr 25 ycers or |cesc pcr|oo
vh|chcvcr |s |ovcr fo||ov|n |hc re|cs eno mc|hooo|oy no||nco cy
C||C er|ff |cu|e||ons, 2OO9. |cescho|o |eno ecqu|rco on pcrpc|ue|
|cesc |s no| emor||sco.
1O.11 |xpcnscs on cx-re||e peymcn|s unocr vo|un|ery rc||rcmcn| schcmc,
1O.12 |rc||m|nery cxpcnscs on eccoun| of ncv procc|s |ncurrco pr|or |o
epprove| of fces|c||||y rcpor|/|cchno cconom|c c|cerencc erc cherco
|o rcvcnuc.
1O.13 |c| prc-comm|ss|on|n |ncomc/cxpcno||urc |s eous|co o|rcc||y |n |hc
cos| of rc|e|co essc|s eno sys|cms.
1O.14 |rcpe|o cxpcnscs eno pr|or pcr|oo cxpcnscs/|ncomc of ||cms of
`.1OO,OOO/- eno cc|ov erc cherco |o ne|ure| hceos of eccoun|s.
1O.15 rens|| eno heno||n |osscs of coe| es pcr norms erc |nc|uoco |n cos| of
coe|.
11. OPEARATING LEASE
/ssc|s ecqu|rco on |cesc vhcrc e s|n|ncen| por||on of |hc r|s| eno rcveros
of |hc ovncrsh|p erc rc|e|nco cy |hc |cssor erc c|ess|nco es opcre||n |cescs.
|cesc rcn|e|s erc cherco |o rcvcnuc.
12. PROVISIONS AND CONTINGENT LIABILITIES
rcqu|rco |o sc|||c |hc oc||e||on eno |n rcspcc| of vh|ch e rc||ec|c cs||me|c
cen cc meoc. |rov|s|ons erc oc|crm|nco cesco on menecmcn| cs||me|c
rcqu|rco |o sc|||c |hc oc||e||on e| |hc ce|encc shcc| oe|c eno erc no|
o|scoun|co |o prcscn| ve|uc. Con||ncn| ||ec|||||cs erc o|sc|osco on |hc ces|s
of uomcn| of |hc menecmcn|/|nocpcnocn| cxpcr|s. hcsc erc rcv|cvco e|
cech ce|encc shcc| oe|c eno erc eous|co |o rcncc| |hc currcn| menecmcn|
cs||me|c.
13. CASH FLOW STATEMENT
NOTE NO. 2 TO THE FINANCIAL STATEMENTS
,/moun| |n `)
/s e| 31.03.2013 31.O3.2O12
SHARE CAPITAL
|qu||y Sherc Cep||e|
AUTHORISED
1,OOO,OOO,OOO cqu||y shercs of per ve|uc of ` 1O/-
cech ,|rcv|ous ycer 1,OOO,OOO,OOO shercs of per
ve|uc of ` 1O/- cech) 10,000,000,000 1O,OOO,OOO,OOO
ISSUED, SUBSCRIBED AND PAID-UP
54,94,o3,43o cqu||y shercs of per ve|uc of ` 1O/-
cech fu||y pe|o up ,|rcv|ous ycer 52,78,72,4oO
cqu||y shercs of per ve|uc of ` 1O/- cech fu||y
pe|o-up) 5,494,634,360 5,278,724,oOO
37
th
a) RECONCILIATION OF NUMBER OF SHARES OUTSTANDING AT BEGINNING
& AT THE END OF THE YEAR
|er||cu|ers 2012-13 2O11-12
|umccr of shercs ou|s|eno|n e| |hc cc|nn|n
of |hc ycer 527,872,460 88,5O7,537
Shercs |ssuco our|n |hc ycer 21,590,976 439,3o4,923
|umccr of shercs ou|s|eno|n e| |hc c|osc of
|hc ycer 549,463,436 527,872,4oO
c) hc Compeny hes on|y onc c|ess of cqu||y shercs hev|n e per ve|uc of ` 1O/-
occ|erco from ||mc |o ||mc eno erc cn||||co |o vo||n r|h|s propor||one|c |o |hc|r
sherc ho|o|n e| |hc mcc||ns of shercho|ocrs.
c) SHARES IN RESPECT OF EACH CLASS IN THE COMPANY HELD BY ITS HOLDING
COMPANY OR ITS ULTIMATE HOLDING COMPANY INCLUDING SHARES HELD
BY OR BY SUBSIDIARIES OR ASSOCIATES OF THE HOLDING COMPANY OR
THE ULTIMATE HOLDING COMPANY IN AGGREGATE:
|o|o|n Compeny- ||C ||o. - 35,71,51,233 |qu||y shercs of ` 1O/- cech ,|rcv|ous
ycer 34,27,38,2OO |qu||y shercs of ` 1O/- cech)
d) DETAILS OF SHAREHOLDERS HOLDING MORE THAN 5% OF SHARES IN THE
COMPANY:
|er||cu|ers 31.03.2013 31.O3.2O12
No. of shares %age holding |o. of shercs %ec ho|o|n
NTPC LTD. 357,151,233 65.00 342,738,2OO o4.93
BSPGCL 192,312,203 35.00 185,134,2oO 35.O7
NOTE NO. 3 TO THE FINANCIAL STATEMENTS ,/moun| |n `)
/s e| 31.03.2013 31.O3.2O12
RESERVES AND SURPLUS
Cep||e| |cscrvc
/s pcr |es| ce|encc shcc| 3,629,191,783 2,98O,48O,25o
/oo: Gren|s rccc|vco our|n |hc ycer 400,000,000 75O,OOO,OOO
|css: Gren|s rccon|sco es lncomc 91,553,365 47,143,579
|css: /ous|mcn|s our|n |hc ycer 66,614,681 54,144,894
Closing Balance 3,871,023,737 3,o29,191,783
Surplus in the statement of Prot and Loss
/s pcr |es| ce|encc shcc| (93,057,575) ,14o,oO5,577)
/oo,|css):-|ron|/,|oss) ef|cr |ex for |hc ycer from
S|e|cmcn| of |ron| & |oss (129,047,590) 53,548,OO2
Closing Balance (222,105,165) ,93,O57,575)
Total 3,648,918,572 3,53o,134,2O8
/s e| 31.03.2013 31.O3.2O12
SHARE APPLICATION MONEY PENDING ALLOTMENT
Sherc epp||ce||on moncy 886,143,347 39O,O41,2O1
1. 8,8o,14,334 |qu||y shercs of ` 1O/- cech she|| cc |ssuco ee|ncs| |hc Sherc
epp||ce||on moncy.
2. hc shercs erc |||c|y |o cc e||o||co |n |hc nnenc|e| ycer 2O13-14.
3. hc eu|hor|sco sherc cep||e| of |hc Compeny |s sufnc|cn| |o covcr |hc sherc
cep||e| emoun| on e||o|mcn| of shercs ou| of ecovc sherc epp||ce||on moncy.
4. |o emoun| |s rcfunoec|c ou| of ecovc sherc epp||ce||on moncy eno no |n|crcs|
|s peyec|c.
/s e| 31.03.2013 31.O3.2O12
LONG TERM BORROWINGS
Term Loans
From Banks
Sccurco
1
8,325,104,927 3,43O,917,O73
From Other parties
Sccurco
1
2,686,000,000 1,O74,OOO,OOO
0nsccurco
2
88,571,429 134,285,715
Total 11,099,676,356 4,o39,2O2,788
1. e) |oen from consor||um |co cy Sbl for cxpenens|on procc| , 2*195V\) |s
sccurco cy e nrs| pr|or||y cherc on e|| essc|s of |hc |rocc|, prcscn| &
fu|urc, movec|c & |mmovec|c eno |eno of 987.9293 ecrcs{S|ec l |eno
598.53 ecrc ,|rensfcrrco from bS|GC|) & s|ec ll |eno 389.3993 ecrc
,341.22 ecrc ecqu|rco up|o 31.O3.2O13 eno eovencc pe|o for ce|encc
|eno |o ||/O)]. hc sccur||y v||| ren| per|-pesu v||h e|| |crm |cnocrs of
|hc procc|. hc cherc hes cccn crce|co |n fevor of Sccur||y |rus|cc |.c.
Sbl Cep rus|cc Co. ||o. |ce| mor|ec of |eno |n fevor of sccur||y |rus|cc
|s pcno|n.
c) o|e| senc||onco emoun| of |oen eno ueren|cc fec||||y |s `2341 crorcs eno
`1OO Crorcs rcspcc||vc|y.
c) hc |oen ccers noe||n re|c of |n|crcs| ||n|co |o |hc Sbl besc |e|c.
o) hc cherc v||h rc|s|rer of compen|cs ,|OC) ves n|co on 27.O9.2O11 eno
|OC |ssuco ccr||nce|c of |c|s|re||on of Vor|ec on 28.O9.2O11, ccr||fy|n
|he| |hc Vor|ec /cherc hes cccn rc|s|crco for `2441.28 crorc |n |hc|r
ofncc |n eccoroencc v||h |hc prov|s|ons con|e|nco |n scc||on 125 |o 13O
of |hc Compen|cs /c|, 195o on 28
|h
Scp|cmccr 2O11. /s |hc rcqu|rcmcn|
of sccur|||ze||on es pcr Compen|cs /c| |s comp|c|c, |hc |oen hes cccn
o|sc|osco es Sccurco |oen' .
2 e) |oen from |o|o|n compeny ||C ||o.
c) |cpeyec|c |n 7 ycers on he|f ycer|y ces|s s|er||n from 3O
|h
Scp 2OO8.
c) hc re|c of |n|crcs| |s e| pcr v||h Sb/| ,S|e|c ben| /ovencc |e|c) es
eous|co |o he|f ycer|y rcs|s v||h e ycer of 3o5 oeys.
o) |c|e||s of non currcn| eno currcn| por||on
|er||cu|ers Non current portion Currcn| por||on
31.03.2013 31.O3.2O12 31.03.2013 31.O3.2O12
||C ||o 88,571,429 134,285,715 37,142,857 37,142,857
3 hcrc hes cccn no ocfeu|| |n rcpeymcn| of eny of |hc |oens or |n|crcs| |hcrcon
es e| |hc cno of |hc ycer.
/s e| O1.O4.2O12 /oo|||on/
,eous|mcn|s)
our|n |hc
ycer
01.04.2013
DEFERRED TAX LIABILITIES (NET)
||ffcrcncc of coo| ocprcc|e||on eno |ex
ocprcc|e||on
25,3oo,75O ,12,471,1O9) 12,895,641
|css: |cfcrrco |ex essc|s - - -
|rov|s|ons & O|hcr o|se||ovenccs for |ex
purposcs
11,75o,o28 ,oO,193) 11,696,435
||se||ovenccs u/s 43b of |hc lncomc ex
/c|, 19o1
- - -
Total 13,o1O,122 ,12,41O,91o) 1,199,206
e) hc nc| |ncrcesc our|n |hc ycer |n |hc ocfcrrco |ex ||ec||||y of ` (1,24,10,916)
,prcv|ous ycer ` 1,3o,1O,122) hes cccn occ||co |o s|e|cmcn| of pron| & |oss.
c) |cfcrrco |ex essc|s eno ocfcrrco |ex ||ec|||||cs hevc cccn offsc| es |hcy rc|e|c |o
|hc semc ovcrn|n |evs.
,/moun| |n `)
/s e| 31.03.2013 31.O3.2O12
OTHER LONG TERM LIABILITIES
reoc |eyec|c 209,908 o5,41O
O|hcr ||ec|||||cs
|eyec|c |or cep||e| |xpcno||urc 908,287,639 33O,819,O83
TOTAL 908,497,547 33O,884,493
||sc|osurc v.r.|. V|cro, sme|| eno mco|um cn|crpr|scs es rcqu|rco cy VSV|| /c|,
2OOo |s meoc |n |o|c |o.-33
37
th
/s e| 31.03.2013 31.O3.2O12
SHORT TERM BORROWINGS
Cesh Crco|| |oen 350,535,236 4O2,1o2,o55
TOTAL 350,535,236 4O2,1o2,o55
hc Cesh Crco|| |oen |s sccurco cy hypo|hcce||on of s|oc| |n |reoc, boo| |cc| of
S|ec-l. hc ou|s|eno|n ce|encc |s rcpeyec|c on ocmeno .hc |oen ccers noe||n
re|c of |n|crcs| ||n|co |o |hc Sbl besc |e|c.
/s e| 31.03.2013 31.O3.2O12
TRADE PAYABLES
|or Gooos & Scrv|ccs 419,146,810 3o9,4O3,13O
TOTAL 419,146,810 3o9,4O3,13O
||sc|osurc v.r.|. V|cro, sme|| eno mco|um cn|crpr|scs es rcqu|rco cy VSV|| /c|,
2OOo |s meoc |n |o|c |o.-33
/s e| 31.03.2013 31.O3.2O12
OTHER CURRENT LIABILITIES
Currcn| me|ur||y of |on |crm corrov|ns
0nsccurco
|oen |rom ||C ||o. 37,142,857 37,142,857
boo| Ovcroref| 25,270,852 -
|eyec|c for Cep||e| |xpcno||urc 878,563,974 597,994,555
O|hcr |eyec|cs
ex ocouc|co e| sourcc eno o|hcr s|e|u|ory
oucs 115,786,025 15,125,534
|cpos|| |rom Con|rec|ors & O|hcrs 15,870,232 5,7o9,o9O
|eyec|c |o |mp|oyccs 1,874,950 1,2oo,O4o
|eyec|c |o ||C ||o 256,744,267 158,353,252
O|hcrs 62,505,588 9o,99O,284
TOTAL 1,393,758,745 912,o42,218
e) ||sc|osurc v.r.|. V|cro, sme|| eno mco|um cn|crpr|scs es rcqu|rco cy VSV||
/c|, 2OOo |s meoc |n |o|c |o.-33.
c) |c|e||s |n rcspcc| of re|c of |n|crcs| eno |crms of rcpeymcn| of unsccurco currcn|
me|ur|||cs of |on |crm corrov|ns |no|ce|co ecovc erc o|sc|osco |n |o|c 5.
c) O|hcr peyec|cs- O|hcrs |nc|uoc emoun|s peyec|c |o cmp|oyccs eno bS|GC|.
/s e| 31.03.2013 31.O3.2O12
SHORT TERM PROVISIONS
|rov|s|on for |mp|oycc bcncn|s
/s pcr |es| be|encc Shcc| 29,393,775 3O,Oo2,223
/oo|||ons our|n |hc ycer 3,901,599 4,1O7,O23
/moun|s rcvcrsco our|n |hc ycer 207,945 -
/moun|s pe|o our|n |hc ycer - 4,775,471
33,087,429 29,393,775
Provision for current tax
/s pcr |es| ce|encc shcc| 6,642,400 -
/oo|||ons our|n |hc ycer - 1O,187,92O
|css: Sc| off ee|ns| |excs pe|o 6,642,400 3,545,52O
C|os|n ce|encc - o,o42,4OO
Provision for obligations incidental to land
acquisition
/s pcr |es| ce|encc shcc| 131,000,000 -
/oo|||ons our|n |hc ycer 69,300,000 131,OOO,OOO
200,300,000 131,OOO,OOO
Total 233,387,429 1o7,O3o,175
TANGIBLE ASSETS ,/moun| |n `)
/s e|
|couc||on/
/ous|mcn|
As at
31.03.2013
0p|o
O1.O4.2O12
|or
|hc ycer
|couc||on/
/ous|mcn|
Upto
31.03.2013
As at
31.03.2013
/s e|
31.O3.2O12
|eno :
|rccho|o 744,OOO,985 393,189,Oo2 58,729,577 1,078,460,470 - - - - 1,078,460,470 744,OOO,985
|cescho|o 33 - - 33 5 1 - 6 27 28
|oeos, cr|ocs, cu|vcr|s & hc||peos 12,43O,8o3 - - 12,430,863 2,8O9,915 35o,997 - 3,166,912 9,263,951 9,o2O,948
bu||o|n :
|rccho|o
Ve|n p|en| 113,5O8,719 - - 113,508,719 37,977,435 o,471,974 - 44,449,409 69,059,310 75,531,284
O|hcrs 191,498,ooo - - 191,498,666 38,O19,25o o,414,347 - 44,433,603 147,065,063 153,479,41O
\e|cr Supp|y, ore|nec & scvcrec
sys|cm 4,444,o28 - - 4,444,628 1,O31,Oo8 1O7,191 - 1,138,259 3,306,369 3,413,5oO
VG| |rec| eno s|ne|||n sys|cm 18,393,ooo - - 18,393,666 2,759,O5O 1,839,3o7 - 4,598,417 13,795,249 15,o34,o1o
||en| eno mech|ncry ,|nc|uo|n essoc|e|co
c|v|| vor|s) 1,41o,17o,8o5 4,599,4o7 ,oO3,42o) 1,421,379,758 3O1,93O,1O9 21O,858,OO3 ,13,427,289) 526,215,401 895,164,357 1,114,24o,75o
|urn||urc eno nx|urcs 8,oo7,O24 8,275,7O3 ,84,o59) 17,027,386 2,491,848 1,771,2Oo ,84,o59) 4,347,713 12,679,673 o,175,17o
Ofncc cqu|pmcn| 4,3OO,783 1,3o5,9o3 329,987 5,336,759 1,581,894 4O9,7O7 323,O22 1,668,579 3,668,180 2,718,889
|||, \| mech|ncs eno se|com cqu|p. 7,58o,1O5 2,93o,593 ,5o5,oO2) 11,088,300 3,724,924 1,3o4,o55 ,1OO,737) 5,190,316 5,897,984 3,8o1,181
Cons|ruc||on cqu|pmcn|s 7,338,511 5,3o3,o53 - 12,702,164 1,11O,oO3 1,O5o,o78 - 2,167,281 10,534,883 o,227,9O8
||cc|r|ce| lns|e||e||ons 3oo,5o5 o3,424,o1o - 63,791,181 8O,5oo 2,28o,O83 - 2,366,649 61,424,532 285,999
Commun|ce||on |qu|pmcn|s 112,5o7 9,9OO 9,9OO 112,567 9,985 17,O2o 9,9OO 17,111 95,456 1O2,582
|osp||e| |qu|pmcn|s 34,94o - - 34,946 2o,28O 423 - 26,703 8,243 8,ooo
Total 2,528,860,926 479,164,957 57,815,777 2,950,210,106 393,552,938 232,953,658 (13,279,763) 639,786,359 2,310,423,747 2,135,307,988
1,773,222,15O 751,598,331 ,4,O4O,445) 2,528,860,926 172,9oO,391 22O,223,o5o ,3o8,891) 393,552,938 2,135,307,988 1,oOO,2o1,759
37
th
Deduction/Adjustment from gross block and depreciation/amortisation for the year includes:
,/moun| |n `)
Gross Block
Depreciation/
Amortisation
31.03.2013 31.O3.2O12 31.03.2013 31.O3.2O12
Cos| eous|mcn| |nc|uo|n cxchenc o|ffcrcncc 58,729,577 ,4,O4O,445) (13,612,685) ,3o8,991)
cep||e||se||on (603,426) - - -
O|hcrs (310,374) - 332,922 -
57,815,777 ,4,O4O,445) (13,279,763) ,3o8,991)
e) hc convcyenc|n of |hc ||||c of 341.22 ecrc of frcc ho|o |eno |n poss|sss|on of |hc compeny of ve|uc ` 87,81,60,471 , |rcv|ous ycer 291.34 ecrc of ve|uc ò1,3O,OO,985), |n fevor
of |hc Compeny erc eve|||n comp|c||on of |ce| forme||||cs.
c) hc corrov|n cos|s cep||e||sco our|n |hc ycer cnoco 31
s|
Verch 2O13 |s ` 83,10,72,290 ,prcv|ous ycer ` 22,75,1O,417). hc Compeny cep||e||sco |hc corrov|ns cos|s |n |hc cep||e|
vor|-|n-prorcss ,C\l|). borrov|n cos|s |nc|uoco |n |hc cos| of meor hceos of nxco essc|s eno C\l| |hrouh '/oo|||on' or '|couc||ons//osu|mcn|' co|umn erc |vcn cc|ov:
,/moun| |n `) ,/moun| |n `)
For the year ended
31
st
March 2013
|or |hc ycer cnoco
31
s|
Verch 2O12
Borrowing costs included
in xed assets/CWIP
borrov|n cos|s |nc|uoco |n
nxco essc|s/C\l|
bu||o|n
Ve|n p|en| 190,757,305 58,929,777
O|hcrs 695,887 147,583
VG| |rec| 5,151,282 -
|e||vey s|o|n
||en| eno cqu|pmcn| 634,168,034 1o8,433,O57
O|hcrs 299,782 -
Total 831,072,290 227,51O,417
INTANGIBLE ASSETS ,/moun| |n `)
/s e|
|couc||on/
/ous|mcn|
As at
31.03.2013
0p|o
O1.O4.2O12
|or
|hc ycer
|couc||on/
/ous|mcn|
Upto
31.03.2013
As at
31.03.2013
/s e|
31.O3.2O12
Sof|verc 2,274,542 98,711 - 2,373,253 1,4o1,313 475,548 - 1,936,861 436,392 813,229
Total 2,274,542 98,711 - 2,373,253 1,461,313 475,548 - 1,936,861 436,392 813,229
Previous year 8o8,428 1,4Oo,114 - 2,274,542 78O,5O7 o8O,8Oo - 1,461,313 813,229 87,921
Depreciation/amortisation of Tangible and Intangible Assets for the year is allocated as given below:
31.03.2013 31.O3.2O12
Cherco |o S|e|cmcn| of |ron| & |oss 228,189,425 219,553,944
rensfcrrco |o cxpcno||urc our|n
cons|ruc||on pcr|oo ,nc|)-|o|c-2o 5,239,781 1,35O,518
233,429,206 22O,9O4,4o2
NON CURRENT ASSETS ,/moun| |n `)
/s e|
O1.O4.2O12
/oo|||on |couc||on/
/ous|mcn|
Cep||e||sco As at
31.03.2013
CAPITAL WORK-IN-PROGRESS
|cvc|opmcn| of |eno 282,377,135 1o2,24O,424 - - 444,617,559
|oeos, cr|ocs, cu|vcr|s & hc||peos 1,O78,o39 379,788 - - 1,458,427
bu||o|ns :
Ve|n p|en| 1,1o5,294,19o 1,419,O84,8O7 - - 2,584,379,003
O|hcrs 31,294,999 27,5o2,388 - - 58,857,387
cmporery crcc||on o1,983,9o2 - o1,983,9o2 - -
VG| |rec| eno s|ne|||n sys|cm 127,32O,o83 139,989,o8O - - 267,310,363
||en| eno mech|ncry o,254,137,O47 7,o47,81O,95O oo,532,OO2 2,95o,O92 13,832,459,903
|urn||urc eno nx|urcs 134,899 o2,5oo - 134,899 62,566
|||/\| Vech|ncs & Se|com |qu|pmcn|s - 7,O3o,148 - - 7,036,148
Cons|ruc||on cqu|pmcn|s 3,342,o97 152,o4O 2,95o,O92 - 539,245
||cc|r|ce| lns|e||e||on - 1,44O,o54 ,o1,983,9o2) o3,424,o1o -
7,926,964,257 9,405,760,045 69,488,094 66,515,607 17,196,720,601
37
th
Survcy, |nvcs||e||on, consu||ency eno supcrv|s|on chercs 533,34o,O85 114,882,975 - - 648,229,060
|rc-comm|ss|on|n cxpcnscs ,nc|) - 13,4O8,O89 - - 13,408,089
|xpcno||urc our|n cons|ruc||on pcr|oo ,nc|)-|o|c 2o - 1,325,8O4,198* - - 1,325,804,198
|css: /||oce|co |o rc|e|co vor|s - 1,325,8O4,198 - - 1,325,804,198
533,346,085 128,291,064 - - 661,637,149
Construction stores (At Cost)
S|cc| 933,12o,189 ,11o,9o2,1O1) - - 816,164,088
Ccmcn| 15,412,o11 1,7O3,o19 - - 17,116,230
O|hcrs o7O,811,7o5 225,424,514 - - 896,236,279
Sub-total 1,o19,35O,5o5 11O,1oo,O32 - - 1,729,516,597
|css: |rov|s|on for Shor|ecs 5,357,11o - 2,791,1o2 - 2,565,954
Sub-total 1,613,993,449 110,166,032 (2,791,162) - 1,726,950,643
Total 10,074,303,791 9,644,217,141 66,696,932 66,515,607 19,585,308,393
|rcv|ous /cer 2,397,755,453 o,8oO,oO2,OO7 ,815,94o,331) - 10,074,303,791
* brouh| from cxpcno||urc our|n cons|ruc||on pcr|oo ,nc|) - |o|c 2o
,/moun| |n `)
/s e| 31.03.2013 31.O3.2O12
LONG TERM LOANS AND ADVANCES
CAPITAL ADVANCES
0nsccurco
Covcrco cy ben| Gueren|cc 1,096,673,293 1,72O,534,15o
O|hcrs 637,254,132 52o,779,993
|cpos|| v||h Cus|oms por| |rus| & o|hcrs
,0nsccurco) 8,463,400 1O,2o1,479
/ovencc |ex ocpos||co & |ex ocouc|co e|
sourcc 3,626,226 1,791,41O
Total 1,746,017,051 2,259,3o7,O38
,/moun| |n `)
/s e| 31.03.2013 31.O3.2O12
INVENTORIES
Coe| 78,172,617 17,373,OO3
|uc| o|| 71,719,485 11,718,487
Componcn|s eno spercs 36,563,594 13,354,O11
Chcm|ce|s & consumec|cs 1,059,884 1,78O,933
|oosc |oo|s 589,641 -
S|cc| Screp 39,123,360 oO,OOO,OOO
O|hcrs 9,247,067 85,757,O5O
236,475,648 189,983,484
|css: |rov|s|on for shor|ecs 6,435,022 1,582,3O2
|css: |rov|s|on for o|m|nu||on |n ve|uc of
ocso|c|c/ unscrv|ccec|c/surp|us |nvcn|ory - 845,o18
Total 230,040,626 187,555,5o4
e) lnvcn|ory ||cms, o|hcr |hen s|cc| screp , hevc cccn ve|uco cons|ocr|n |hc
s|n|ncen| eccoun||n po||cy no. 8 o|sc|osco |n |o|c no. -1 |o |hcsc nnenc|e|
s|e|cmcn|. S|cc| screp hes cccn ve|uco e| cs||me|co rce||sec|c ve|uc.
c) O|hcr lnvcn|or|cs |nc|uocs ||cms of s|cc|, ccmcn| of S|ec-l eno o|hcr spercs.
,/moun| |n `)
/s e| 31.03.2013 31.O3.2O12
TRADE RECEIVABLES
Ou|s|eno|n for e pcr|oo cxccco|n s|x mon|hs
from |hc oe|c |hcy erc ouc for peymcn|
0nsccurco, cons|ocrco ooo 433,220,337 1Oo,OO8,855
O|hcrs, unsccurco, cons|ocrco ooo - 451,48O,5o3
Total 433,220,337 557,489,418
,/moun| |n `)
/s e| 31.03.2013 31.O3.2O12
CASH & BANK BALANCES
Cash & Cash Equivalents
be|enccs v||h ben|s
Currcn| /ccoun|s 29,203,591 42,781,8O3
|cpos||s v||h or||ne| me|ur||y of |css |hen
|hrcc mon|hs 79,338,810 599,25O,735
Other bank balance
|cpos||s v||h or||ne| me|ur||y of morc |hen
|hrcc mon|hs cu| no| morc |hen 12 mon|hs - 3O,o72,443
Total 108,542,401 672,704,981
,/moun| |n `)
/s e| 31.03.2013 31.O3.2O12
SHORT TERM LOANS & ADVANCES
ADVANCES
Con|rec|ors & Supp||crs, |nc|uo|n me|cr|e|
|ssuco on |oen
0nsccurco 15,305,470 13,75o,oO2
O|hcrs
|rcpe|o lnsurencc 4,042,563 3o2,O25
Total 19,348,033 14,118,o27

,/moun| |n `)
/s e| 31.03.2013 31.O3.2O12
OTHER CURRENT ASSETS
ln|crcs| eccruco :
crm ocpos||s 88,629 1,845,591
88,629 1,845,591
C|e|ms |ccovcrec|c
0nsccurco, cons|ocrco ooo 2,424,154 8,45O,OOO
2,424,154 8,45O,OOO
0nc|||co |cvcnuc - 127,837,518
/ssc| |c|o for ||spose| 47,845 47,845
Total 2,560,628 138,18O,954
37
th
,/moun| |n `)
|or |hc pcr|oo cnoco 31.03.2013 31.O3.2O12
REVENUE FROM OPERATIONS
Sales
|ncry Se|cs - 1,179,727,25O
- 1,179,727,25O
Energy Internally Consumed - 985,7o1
Other operating revenues
Gren|s rccon|sco es lncomc our|n |hc ycer 91,553,365 47,143,579
ln|crcs| from cus|omcrs - 47,414,972
|rov|s|on vr|||cn cec|
Shor|ec |n s|orcs 1,433,717 14,143
Shor|ec |n Cons|ruc||on s|orcs 5,357,116 -
Ocso|csccncc |n s|orcs 448,330 -
98,792,528 94,572,o94
Total 98,792,528 1,275,285,7O5
,/moun| |n `)
OTHER INCOME
Interest from
O|hcrs
lno|en ben|s 20,547 15,58o,949
ln|crcs| from Con|rec|or 15,400,667 12,oo3,O42
ln|crcs| from lncomc ex rcfuno 44,148 -
15,465,362 28,249,991
V|scc||encous |ncomc 4,586,341 3,oO3,O71
O|hcr |ccc|p|s from Con|rec|ors/ Supp||crs 3,263,954 8,45O,OOO
Se|c of Screp 12,554,227 o8,5oo,7O4
20,404,522 8O,o19,775
35,869,884 1O8,8o9,7oo
|css : rensfcrrco |o cxpcno||urc our|n
cons|ruc||on pcr|oo ,nc|) - |o|c 2o 35,376,733 1Oo,55O,771
Total 493,151 2,318,995
e) V|scc||encous |ncomc |nc|uocs |V| forfc||co , || rccovcrco eno |ovnsh|p
rccovcr|cs.
,/moun| |n `)
EMPLOYEE BENEFITS EXPENSE
Se|er|cs eno vecs 301,378,623 184,7o2,284
Con|r|cu||on |o prov|ocn| eno o|hcr funos 14,443,660 15,O42,474
324,868,199 2O8,528,337
|css: /||oce|co |o fuc| cos| - 5,942,O27
cons|ruc||on pcr|oo ,nc|) - |o|c 2o 285,461,950 112,4O7,4o5
Total 39,406,249 9O,178,845
e) |mp|oycc ccncn|s cxpcnsc |nc|uoc ` 3,52,49,043 for |hc ycer ,prcv|ous ycer
` 8O,4O,337) |overos |cevc,supcrennue||on eno o|hcr ccncn|s |n rcspcc| of
cmp|oyccs pos|co on scconomcn| ces|s from ||C ||o eno ` 39,01,599
for |hc ycer ,prcv|ous ycer ` 39,18,895) |n rcspcc| of cmp|oyccs pos|co on
ocpu|e||on from bS|GC| |overos pcns|on eno |cevc con|r|cu||on.
c) |mp|oycc ccncn|s cxpcnsc |nc|uoc ` 5,23,81,147 |overos |cevc, supcr-
ennue||on eno o|hcr ccncn|s pcr|e|n|n |o cer||cr ycers |.c. O1.O1.2OO7 |o
31.O3.2O12 cc|n eoo|||one| prov|s|on meoc our|n |hc currcn| ycer ouc |o
chenc |n |hc mc|hooo|oy of occ|| of such prov|s|ons, cy |o |hc ho|o|n
compeny ||C ||o.
,/moun| |n `)
FINANCE COSTS
Interest on :
|upcc |crm |oens 808,633,388 92,24O,733
Cesh Crco|| |oen 10,174,602 53,394,OO4
O|hcrs ,|oen |rom |o|o|n Compeny) 21,098,357 3O,349,57o
Sub-Total 839,906,347 175,984,313
Other Borrowing Costs :
Gueren|cc fcc - 2,3o9,115
0p-fron| fcc 1,340,545 132,9O4,939
Sub-Total 1,340,545 135,274,O54
841,246,892 311,258,3o7
cons|ruc||on pcr|oo ,nc|)- |o|c 2o 831,072,290 227,51O,417
Total 10,174,602 83,747,95O
,/moun| |n `)
GENERATION, ADMINISTRATION
& OTHER EXPENSES
|ovcr chercs 50,203,750 28,5OO,5O1
|css: |ccovcrco from con|rec|ors
& cmp|oyccs 356,719 1,ooo,14o
49,847,031 2o,834,355
S|orcs consumco 2,841,863 2,8O3,428
|cn| 1,029,136 339,927
bu||o|ns 5,170,315 3,5O7,837
||en| & Vech|ncry 29,107,040 o9,32o,4oo
34,277,355 72,834,3O3
O|hcrs 1,239,737 4,459,O39
lnsurencc 7,616,620 15,149,484
|e|cs eno |excs 3,293,897 713,O33
\e|cr ccss & cnv|ronmcn|
pro|cc||on ccss 119,918 239,7O2
re|n|n & rccru||mcn| cxpcnscs 929,458 241,791
Commun|ce||on cxpcnscs 6,289,788 2,924,3o8
revc|||n cxpcnscs 17,067,635 14,237,712
|orc|n revc| 257,043 -
cnocr cxpcnscs 3,010,980 3,252,7OO
|css: |ccc|p| from se|c of |cnocrs 142,875 52,875
2,868,105 3,199,825
|eymcn| |o euo||ors 188,963 181,O91
/ovcr||scmcn| eno puc||c||y - 4O,OOO
Sccur||y cxpcnscs 80,398,499 o2,O2O,O27
|n|cr|e|nmcn| cxpcnscs 1,208,836 85o,848
|xpcnscs for ucs| housc 8,597,234 5,O9O,O77
|css: |ccovcr|cs 109,755 8O,O3O
8,487,479 5,O1O,O47
bro|crec & comm|ss|on 734,993 58,o1O
cxpcnscs 432,000 -
boo|s eno pcr|oo|ce|s 27,426 24,o31
consu||ency fccs 12,545,776 7,713,935
|ce| cxpcnscs 128,070 9,148
||| h|rc eno o|hcr chercs 565,410 544,943
|r|n||n eno s|e||oncry 1,384,247 812,511
||r|n of vch|c|cs 8,579,030 4,O9O,455
ben| chercs 1,193,903 3,223,OO5
V|scc||encous cxpcnscs 1,568,611 3,372,279
245,120,829 231,934,497
37
th
th
,/moun| |n `)
|css: /||oce|co |o fuc| cos| - 5,519
|css: rensfcrrco |o |xpcno||urc
our|n Cons|ruc||on pcr|oo ,nc|)-
|o|c 2o 237,906,127 175,185,5O3
7,214,702 5o,743,475
Provisions for
Shor|ec |n s|orcs 6,286,437 1,582,3O2
Ocso|csccncc |n s|orcs - 773,3o4
Shor|ec |n cons|ruc||on s|orcs 2,565,954 5,357,11o
8,852,391 7,712,782
Total 16,067,093 o4,45o,257
e) Spercs consump||on |nc|uoco
|n rcpe|rs eno me|n|cnencc 9,458,127 19,973,753
c) |c|e||s |n rcspcc| of peymcn|
|o euo||ors:
As auditor
/uo|| fccs 80,000 8o,545
ex euo|| fcc 20,000 2O,OOO
In other capacity
O|hcr scrv|ccs 10,000 1O,OOO
Reimbursement of expenses 78,963 o4,54o
188,963 181,O91
,/moun| |n `)
PRIOR PERIOD ITEMS (NET)
REVENUE
Gren|s |ccon|sco 66,614,681 -
66,614,681 -
EXPENDITURE
|mp|oycc bcncn| cxpcnscs - ,9,228,955)
|cprcc|e||on & emor||se||on 13,541,026 -
|cn| 236,276 2,o49,723
Commun|ce||on |xpcnscs 1,244,978 -
15,022,280 ,o,579,232)
Net Expenditure/(Income) (51,592,401) ,o,579,232)
cons|ruc||on pcr|oo ,nc|)-|o|c- 2o 1,500,783 2,o49,723
Total (53,093,184) ,9,228,955)
,/moun| |n `)
EXPENDITURE DURING
CONSTRUCTION PERIOD (NET)
Se|er|cs eno vecs 264,119,642 1O2,1O9,829
Con|r|cu||on |o prov|ocn|
eno o|hcr funos
13,187,174 7,2OO,794
S|eff vc|ferc cxpcnscs 8,155,134 3,O9o,842
Total (A) 285,461,950 112,4O7,4o5
B. Finance Costs
ln|crcs| on
|upcc |crm |oens 829,731,745 92,24O,732
Gueren|cc Comm|ss|on - 2,3o9,115
0pfron| |cc 1,340,545 132,9O4,939
O|hcrs - ,4,37O)
Total (B) 831,072,290 227,51O,41o
C. Depreciation and
amortisation
5,239,781 1,35O,518
,/moun| |n `)
D. Generation ,
administration and other
expenses
|ovcr chercs 49,934,184 27,514,74O
|css: |ccovcrco from
con|rec|ors & cmp|oyccs 257,556 1,4O5,395
49,676,628 2o,1O9,345
|cn| 1,029,136 339,927
bu||o|ns 4,302,985 -
O|hcrs 27,555,860 49,oO7,18o
31,858,845 49,947,113
lnsurencc 7,616,620 8,437,95O
|e|cs eno |excs 3,208,175 o57,533
Commun|ce||on cxpcnscs 6,215,654 1,939,581
revc|||n cxpcnscs 16,710,540 o,548,972
cnocr cxpcnscs 3,010,980 2,41o,7O7
|css: lncomc from se|c of
|cnocrs 142,875 4,5OO
2,868,105 2,412,2O7
/ovcr||scmcn| eno puc||c||y - 4O,OOO
Sccur||y cxpcnscs 80,398,499 44,9O2,22O
|n|cr|e|nmcn| cxpcnscs 1,053,258 493,4OO
Gucs| housc cxpcnscs 8,487,479 3,493,o92
|eymcn| |o euo||ors 188,963 127,854
bro|crec & Comm|ss|on 734,993 5,995
boo|s & pcr|oo|ce| 27,426 5,82O
consu||ency fcc 12,238,828 o,581,944
|ce| cxpcnscs 128,070 4,8OO
||| ||rc eno o|hcr chercs 565,410 21,883
|r|n||n eno s|e||oncry 1,384,246 293,598
V|scc||encous cxpcnscs 13,515,252 23,1o1,59o
Total (D) 237,906,127 175,185,5O3
Total (A+B+C+D) 1,359,680,148 51o,453,9O2
E. Less: Other Income
ln|crcs| |rom ben| - 15,225,5o3
ln|crcs| from con|rec|ors 15,400,667 12,41O,875
Se|c of screp 12,554,227 o8,5oo,7O4
O|hcr |ccc|p|s from
Con|rec|ors/ Supp||crs 3,263,954 8,45O,OOO
V|scc||encous |ncomc 4,157,885 1,897,o29
TOTAL (E) 35,376,733 1Oo,55O,77O
F. Prior Period Items (net) 1,500,783 2,o49,723
GRAND TOTAL (A+B+C+D-E+F)* 1,325,804,198 412,552,855
* Balance carried to Capital Work-in-progress - (Note 13)
27. be|enccs shovn unocr eovenccs, occ|ors,crco||ors eno me|cr|e| |y|n v||h
con|rec|ors |n so fer es |hcsc hevc s|ncc no| cccn rce||zco/o|scherco or
eous|co erc succc| |o connrme||on / rcconc|||e||on eno conscqucn||e|
eous|mcn|, |f eny.
28. Disclosure as per Accounting Standard 12 on Accounting for
Government Grants
/s pcr |hc VO0 o|.9
|h
Vey 2OOo, Gov|. of lno|e senc||onco e ren| of
`4,71,8O,OO,OOO |hrouh Gov|. of b|her for rcnove||on & moocrn|ze||on of |hc
|e|cn ovcr s|e||on unocr |Sv/ ren|. Ou| of |hc se|o ren|, `2,oO,OO,OO,OOO
pe|o |o V/s b||| ee|ns| |&V con|rec| on cche|f of |hc Compeny eno
ce|encc emoun| of `1,5O,OO,OO,OOO hes cccn pe|o to KBUNL |||| 31.O3.2O13
eno |hc semc hevc cccn eccoun|co es 'Gren|s rccc|vco' |n |o|c -3.
Gren| rccon|zco es |ncomc for |hc ycer `9,15,53,3oo/- ,prcv|ous ycer
37
th
th
Product. The case was represented upon Dy Commissioner Commercial
taxes through KBUNL advocate. In response of the same order has been
passed by Commercial Tax Ofcer, Muzaffarpur conrming demand of entry
tax along with 3 times penalty amounting to `1,84,14,891/- . As opined by
advocate a writ petition has been led in the High Court of Judicature at Patna
on 20.04.2013. It is opined that maximum liability of differential tax may arise
hence an amount of `46,03,723/- equivalent to differential entry tax has been
provided in books of accounts and balance amount `1,38,11,168/- shown as
contingent liability.
35. Capital and other commitments:
Estimated amount of contracts remaining to be executed on capital account
and not provided for as at 31
st
March 2013 is `1421,41,20,367/- (previous
year `1454,42,29,577/-).
36. Other disclosure as per Schedule VI of the Companies Act, 1956
Particulars Current year
amount `
Previous year
amount `
a) Expenditure in foreign currency :
Others-Foreign Travel 2,57,043 -
b) Value of component, stores and
spare parts consumed
94,58,127 1,99,73,753
37. Information pursuant to Ministry of Environment & forest notication
no. s.o.2804(E) New Delhi the 3
rd
November, 2009 for ash:
(i) Unit no.-2 (1*110MW) has been declared for commercial operation
w.e.f:15/10/2010.
(ii) No ash generated & there is no sale of ash.
(iii) Pond & Slurry ash is used for site lling of area for Stage-II (195x2MW)
of KBUNL.
38. Figures have been rounded off to nearest rupee.
39. Previous year gures have been regrouped/ rearranged wherever necessary.

Company Secretary Director Chairman
As per our report of even date
Chartered Accountants
(Firm Regn. No.-000290N)
Partner
Mem No. 088034
Place : New Delhi
Dated : 01 May 2013
`4,71,43,579/-). Due to re-computation of the amounts recognized as
income out of the grants till 31.03.2012, an amount of ` 6,66,14,681/- has
been adjusted out of the grants and recognized as prior period income.
29. Disclosure as per Accounting Standard 16 on Borrowing Costs
Borrowing costs capitalized (taken to CWIP) during the year are `83,10,72,290/-
(previous year `22,75,10,417/-).
30. Disclosure as per Accounting Standard 19 on Leases
Operating Lease:
The Companys signicant leasing arrangements are in respect of operating
leases of premises for residential use of employees, ofces. These leasing
arrangements are usually renewable on mutually agreed terms but are not
non-cancelable. Note 22-Employee benet expenses include `34,33,194/-
(Previous Year `48,93,047) towards lease payments, net of recoveries, in
respect of premises for residential use of employees. Lease payments in
respect of premises for ofce included under Rent in Note-24 Generation,
Administration and Other Expenses.
31. Disclosure as per Accounting Standard 20 on Earning Per Share
The elements considered for calculation of earnings per share (Basic and
Diluted) are as under:
Particulars Current year Previous year
Net Prot / (Loss)after tax used as
numerator (`)
(12,90,47,590) 5,35,48,002
Weighted average number of equity
shares used as denominator nos.
52,30,57,502 35,38,07,122
Earning per share (`) (0.25) 0.15
Diluted Earning per share(`) (0.22) 0.14
Face value per share (`) 10/- 10/-
32. Foreign Currency Exposure not hedged by a derivative instrument or
otherwise :
Particulars Currencies Amount `
31.03.2013 31.03.2012
Unexecuted amount of contracts
remaining to be executed
USD 97,94,839 92,09,752
JPY 111,84,328 121,42,797
33. Disclosure as required by Micro, Small and Medium Enterprises
Development Act, 2006.
Particulars Amount `
a) Amount remaining unpaid to any supplier:
Principal amount 4,12,67,498
Interest due thereon -
b) Amount of interest paid in terms of section 16 of
the MSMED Act along with the amount paid to the
suppliers beyond the appointed day.
-
c) Amount of interest due and payable for the period
of delay in making payment ( which have been paid
but beyond the appointed day during the year)
but without adding the interest specied under the
MSMED Act
-
d) Amount of interest accrued and remaining unpaid -
e) Amount of further interest remaining due and
payable even in the succeeding years, until such
date when the interest dues as above are actually
paid to the small enterprises, for the purpose of
disallowances as a deductible expenditure under
section 23 of MSMED Act
-
Disputed Entry Tax Demand
Sales Tax Authorities of Government of Bihar, Muzaffarpur have issued notice
of demand of Entry Tax along with 3 times penalty under section 33 of the
Bihar VAT Act 2005, in respect of Light Diesel Oil purchased from IOC, Kolkata.
The said demand was raised on the basis of Audit Observation of the audit of
Commercial Tax deptt. for the year 2008-09 and 2009-10 considering rate of
entry tax on LDO as 16% covered in entry no. 22 of the schedule of entry tax
as Diesel & Petrol. Whereas KBUNL deposited entry tax @ 8% considering
the LDO under entry no. 23 of the schedule of entry tax as Other petroleum
37
th
AUDITORS REPORT
o |hc Vcmccrs of
1. \c hevc euo||co |hc e||echco be|encc Shcc| of KANTI BIJLEE UTPADAN
NIGAM LTD. ,e Sucs|o|ery of ||C ||o.) es e| 31
s|
Verch 2O13, |hc S|e|cmcn|
of |ron| eno |oss eno e|so |hc Cesh ||ov S|e|cmcn| for |hc pcr|oo cnoco on
|he| oe|c enncxco |hcrc|o. hcsc nnenc|e| s|e|cmcn|s erc |hc rcspons|c||||y of
compeny's menecmcn|. Our rcspons|c||||y |s |o cxprcss en op|n|on on |hcsc
nnenc|e| s|e|cmcn|s cesco on our euo||.
2. \c conouc|co our euo|| |n eccoroencc v||h euo|||n s|enoeros cncre||y
ecccp|co |n lno|e. hosc s|enoeros rcqu|rc |he| vc p|en eno pcrform |hc euo||
|o oc|e|n rcesonec|c essurencc ecou| vhc|hcr |hc nnenc|e| s|e|cmcn|s erc
frcc of me|cr|e| m|ss|e|cmcn|. /n euo|| |nc|uocs cxem|n|n, on e |cs| ces|s,
cv|ocncc suppor||n |hc emoun|s eno o|sc|osurcs |n |hc nnenc|e| s|e|cmcn|s.
/n euo|| e|so |nc|uocs esscss|n |hc eccoun||n pr|nc|p|cs usco eno s|n|ncen|
cs||me|cs meoc cy |hc menecmcn|, es vc|| es cve|ue||n |hc ovcre|| nnenc|e|
s|e|cmcn| prcscn|e||on. \c cc||cvc |he| our euo|| prov|ocs e rcesonec|c ces|s
for our op|n|on.
3. /s rcqu|rco cy |hc Compen|cs ,/uo||or's |cpor|) Orocr, 2OO3 |ssuco cy |hc
Ccn|re| Govcrnmcn| of lno|e |n |crms of suc scc||on ,4/) of |hc scc||on 227 of
|hc Compen|cs /c| 195o, vc cnc|osc |n enncxurc e s|e|cmcn| on |hc me||crs
spcc|nco |n pererephs 4 eno 5 of |hc se|o orocr.
4. |ur|hcr |o our commcn|s |n |hc /nncxurc rcfcrrco |o ecovc, vc rcpor| |he| :
,e) \c hevc oc|e|nco e|| |hc |nforme||on eno cxp|ene||ons, vh|ch |o |hc
ccs| of our |nov|coc eno cc||cf vcrc ncccssery for |hc purposc of our
/uo||.
,c) ln our op|n|on propcr coo|s of eccoun|, es rcqu|rco cy |ev, hevc cccn
|cp| cy |hc Compeny so fer es || eppcers from our cxem|ne||on of such
coo|s.
,c) hc be|encc Shcc|, S|e|cmcn| of |ron| eno |oss eno Cesh ||ov S|e|cmcn|
oce|| cy |h|s rcpor| erc |n erccmcn| v||h |hc coo|s of eccoun|s.
,o) ln our op|n|on, |hc be|encc Shcc|, S|e|cmcn| of |ron| eno |oss eno Cesh
||ov S|e|cmcn|, succc| |o no|cs |o eccoun|s enncxco |hcrc|o, oce||
v||h cy |h|s rcpor| comp|y v||h |hc eccoun||n s|enoeros rcfcrrco |o |n
suc-scc||on ,3C) of scc||on 211 of |hc Compen|cs /c|, 195o.
,c) bc|n e Govcrnmcn| Compeny, pursuen| |o |hc |o||nce||on |o. GS|
829,|) oe|co 17.O7.2OO3 |ssuco cy Govcrnmcn| of lno|e. |rov|s|on of
c|eusc ,) of suc-scc||on ,1) of scc||on 274 of |hc Compen|cs /c|, 195o
erc no| epp||cec|c |o |hc compeny,
,f) ln our op|n|on eno |o |hc ccs| of our |nforme||on eno eccoro|n |o |hc
cxp|ene||on |vcn |o us, |hc se|o eccoun|s |vc |hc |nforme||on rcqu|rco
cy |hc Compen|cs /c| 195o, |n |hc menncr so rcqu|rco |vc e |ruc
eno fe|r v|cv |n conform||y v||h |hc eccoun||n pr|nc|p|cs cncre||y
ecccp|co |n lno|e : -
,|) |n |hc cesc of |hc be|encc Shcc|, of |hc s|e|c of |hc effe|rs of |hc
Compeny es e| 31
s|
Verch, 2O13
,||) |n |hc cesc of |hc S|e|cmcn| of |ron| eno |oss, of |hc |oss of |hc
Compeny for |hc ycer cnoco on |he| oe|c eno
,|||) ln |hc cesc of Cesh ||ov S|e|cmcn|, of |hc cesh nov for |hc ycer
cnoco on |he| oe|c.
|or M/s B.B.Mathur & Co.,
||rm |cn |o.OOO29O|
|e|c : 1
s|
Vey 2O13 M. No. 088034
ANNEXURE TO AUDITORS REPORT
{Referred to in paragraph (3) of our report of even date}
|c : KANTI BIJLEE UTPADAN NIGAM LTD.
,|) ,e) hc compeny hes cncre||y me|n|e|nco propcr rccoros shov|n fu||
per||cu|ers |nc|uo|n quen|||e||vc oc|e||s eno s||ue||on of nxco essc|s.
ln rcspcc| of essc|s |e|cn ovcr from crs|vh||c Vuzefferpur hcrme|
|ovcr S|e||on from b|her S|e|c ||cc|r|c||y boero |hc rccoros hevc
cccn me|n|e|nco from |hc oe|c of such ecqu|s|||on ef|cr ouc phys|ce|
vcr|nce||on of such essc|s.
,c) hcrc |s e rcu|er prorem of vcr|nce||on, vh|ch, |n our op|n|on, |s
rcesonec|c hev|n rcero |o |hc s|zc of |hc compeny eno |hc ne|urc of
||s essc|s eno eccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us
no me|cr|e| o|scrcpenc|cs vcrc no||cco on such vcr|nce||on.
,c) |ur|n |hc ycer unocr rcfcrcncc |hcrc hes cccn no sucs|en||e| o|spose|
of nxco essc|s of |hc compeny.
,||) ,e) hc lnvcn|ory of |hc compeny hes cccn phys|ce||y vcr|nco cy |hc
menecmcn| e| rcu|er |n|crve|s. ln our op|n|on, |hc frcqucncy of
vcr|nce||on |s rcesonec|c.
,c) hc proccourcs of phys|ce| vcr|nce||on of |nvcn|ory fo||ovco cy |hc
menecmcn| erc rcesonec|c eno eocque|c |n rc|e||on |o |hc s|zc of |hc
compeny eno |hc ne|urc of ||s cus|ncss.
,c) hc compeny |s me|n|e|n|n propcr rccoros of |nvcn|ory. hc
o|scrcpenc|cs no||cco on vcr|nce||on cc|vccn |hc phys|ce| s|oc|s eno
|hc coo| rccoros vcrc no| me|cr|e|.
,|||) ,e) hc compeny hes no| ren|co eny |oens, sccurco or unsccurco |o
compen|cs, nrms or o|hcr per||cs covcrco |n |hc rc|s|cr me|n|e|nco
unocr scc||on 3O1 of |hc /c|.
,c) |o| /pp||cec|c.
,c) |o| /pp||cec|c.
,o) |o| /pp||cec|c.
,c) hc compeny hes |e|cn e sccurco |oen from ||C, ||s ho|o|n compeny.
hc mex|mum emoun| ou|s|eno|n our|n |hc ycer ves `17,14,28,572/-
eno |hc c|os|n ce|encc es on 31
s|
Verch 2O13 ves `12,57,14,28o/-.
,f) ln our op|n|on, |hc re|c of |n|crcs| eno o|hcr |crms eno cono|||ons on
vh|ch |oens hevc cccn |e|cn from |hc compen|cs, nrms or o|hcr per||cs
||s|co |n |hc rc|s|cr me|n|e|nco unocr scc||on 3O1 of |hc Compen|cs
/c|, 195o erc no|, pr|me fec|c, prcuo|c|e| |o |hc |n|crcs| of |hc compeny.
,) hc compeny |s rcu|er |n rcpey|n |hc pr|nc|pe| emoun|s es s||pu|e|co
eno hes cccn rcu|er |n |hc peymcn| of |n|crcs|.
|hcrc erc eocque|c |n|crne| con|ro| proccourcs commcnsure|c v||h |hc s|zc
of |hc compeny eno |hc ne|urc of ||s cus|ncss v||h rcero |o purchescs of
|nvcn|ory, nxco essc|s eno se|c of ooos eno scrv|ccs. |ur|n |hc coursc of
our euo||, vc hevc no| ocscrvco eny con||nu|n fe||urc |o corrcc| eny meor
vce|ncsscs |n |n|crne| con|ro| sys|cm.
,v) ,e) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, vc erc of |hc
op|n|on |he| |hcrc erc no |rensec||ons |he| nccoco |o cc cn|crco |n|o |hc
rc|s|cr me|n|e|nco unocr scc||on 3O1 of |hc Compen|cs /c|, 195o.
,c) |o| /pp||cec|c.
,v|) ln our op|n|on eno eccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us,
|hc compeny hes no| ecccp|co eny ocpos||s, from |hc puc||c, covcrco cy |hc
o|rcc||vcs |ssuco cy |hc |cscrvc ben| of lno|e, |hc prov|s|ons of scc||on 58-/,
58// or eny o|hcr rc|cven| prov|s|ons of |hc Compen|cs /c|, 195o eno ru|cs
fremco |hcrcunocr. |o orocr hes cccn pessco cy |hc Compeny |ev boero or
|e||one| Compeny |ev r|cune| or |cscrvc ben| of lno|e or eny Cour| or eny
o|hcr r|cune|.
,v||) hc Compeny oocs no| hevc ||s ovn |n|crne| euo|| ocper|mcn| eno |hc ln|crne|
/uo|| of |hc compeny hes cccn cn|rus|co |o e nrm of Cher|crco /ccoun|en|s
ln our op|n|on, |hc |n|crne| euo|| sys|cm so eoop|co ves commcnsure|c v||h
|hc s|zc eno ne|urc of |hc cus|ncss of |hc compeny.
,v|||) \c hevc cccn |nformco |he| cy |hc menecmcn| |he| cos| rccoros erc cc|n
me|n|e|nco es pcr scc||on 2O9 ,1) ,o) of Compen|cs /c| 195o. |ur|hcr e cos|
euo||or hes cccn eppo|n|co cy |hc compeny e||houh |hc cos| euo|| hes no|
cccn conouc|co |||| |hc oe|c of s|n|n of |h|s rcpor|.
,|x) ,e) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc compeny
|s rcu|er |n ocpos|||n v||h eppropr|e|c eu|hor|||cs uno|spu|co s|e|u|ory
oucs |nc|uo|n prov|ocn| funo, |nvcs|or couce||on pro|cc||on funo, eno
cmp|oyccs s|e|c |nsurencc, |ncomc |ex, se|cs |ex, \ce||h ex, Scrv|cc
|ex, cus|om ou|y, cxc|sc ou|y, ccss eno o|hcr me|cr|e| s|e|u|ory oucs
epp||cec|c |o ||.
/ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, no
uno|spu|co emoun|s peyec|c |n rcspcc| of |ncomc |ex, vce||h |ex, se|cs
|ex, cus|oms ou|y, cxc|sc ou|y eno ccss vcrc |n errcers, es e| |hc |es| oey
of |hc nnenc|e| ycer, for e pcr|oo of morc |hen s|x mon|hs from |hc oe|c
|hcy cccemc peyec|c.
,c) /ccoro|n |o |hc |nforme||on eno cxp|ene||on |vcn |o us, |hcrc erc
no oucs of lncomc |ex, Se|c |ex, \ce||h |ex, Scrv|cc |ex, Cus|om ou|y,
|xc|sc ou|y eno ccss vh|ch hevc no| cccn ocpos||co on eccoun| of
37
th
eny o|spu|c cxccp| |n|ry |ex ocmeno emoun||n |o `1,84,14,891/-vh|ch
erc o|spu|co |n e \r|| |c||||on ccforc |hc |e|ne ||h Cour|. ||ec||||y eno
con||ncn| ||ec||||y emoun||n |o ` 4o,O3,723/- eno `1,38,11,1o8/-
rcspcc||vc|y hevc cccn prov|oco/shovn |n nnenc|e| s|e|cmcn|s.
,x) hc compeny oocs no| hevc eccumu|e|co |osscs of morc |hen 5O% of ||s
cqu||y cep||e| eno hes no| suffcrco cesh |osscs our|n |hc currcn| ycer eno |hc
|mmco|e|c|y prccco|n nnenc|e| ycer. |cncc |h|s c|eusc |s no| epp||cec|c.
,x|) ln our op|n|on eno eccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o
us, |hc compeny hes no| ocfeu||co |n rcpeymcn| of oucs |o eny nnenc|e|
|ns|||u||on or cen|s.
,x||) hc compeny hes no| ren|co eny |oens or eovenccs on |hc ces|s of sccur||y
cy vey of p|coc of shercs, occcn|urcs eno o|hcr sccur|||cs.
,x|||) ln our op|n|on eno eccoro|n |o |hc |nforme||on eno cxp|ene||on |vcn |o
us, |hc compeny |s no| e ch|| funo or e n|oh| / mu|ue| ccncn| funo / soc|c|y.
hcrcforc, |hc prov|s|ons of c|eusc 4,x|||) of |hc Compen|cs ,/uo||or's |cpor|)
Orocr, 2OO3 erc no| epp||cec|c |o |hc compeny.
,x|v) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc compeny
|s no| oce||n |n or |reo|n |n shercs, sccur|||cs, occcn|urcs eno o|hcr
|nvcs|mcn|. /ccoro|n|y, |hc prov|s|ons of c|eusc 4,x|v) of |hc compen|cs
,/uo||or's |cpor|) Orocr, 2OO3 erc no| epp||cec|c |o |hc compeny.
,xv) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc compeny
hes no| |vcn ueren|ccs for |oens |e|cn cy o|hcrs from cen|s or nnenc|e|
|ns|||u||ons.
,xv|) ln our op|n|on eno eccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us,
|hc |crm |oens hevc cccn epp||co for |hc purposc for vh|ch |hcy vcrc re|sco.
,xv||) ln our op|n|on eno eccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o
us eno on en ovcre|| cxem|ne||on of |hc ce|encc shcc| of |hc compeny, vc
rcpor| |he| no funos re|sco on sho|-|crm ces|s hevc cccn usco for |on-|crm
|nvcs|mcn|.
,xv|||) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc compeny
hes no| meoc eny prcfcrcn||e| e||o|mcn| of shercs |o per||cs eno compen|cs
covcrco |n |hc rc|s|cr me|n|e|nco unocr scc||on 3O1 of |hc /c|, our|n |hc
ycer unocr rcfcrcncc.
,x|x) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us |hc compeny hes
no| |ssuco eny occcn|urcs.
,xx) /ccoro|n |o |hc |nforme||on eno cxp|ene||on |vcn |o us |hc compeny hes
no| re|sco eny moncy cy vey of puc||c |ssucs.
,xx|) /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, no freuo on or cy
|hc compeny hes cccn no||cco or rcpor|co our|n |hc coursc of our euo||.
|or M/s B.B.Mathur & Co.,
||rm |cn |o.OOO29O|
|e|c : 1
s|
Vey 2O13 M. No. 088034
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 619 (4) OF THE COMPANIES ACT, 1956, ON THE ACCOUNTS OF KANTI
BIJLEE UTPADAN NIGAM LTD., NEW DELHI FOR THE YEAR ENDED 31 MARCH 2013.
hc prcpere||on of nnenc|e| s|e|cmcn|s of |/|l bl!||| 0|/|/| |lG/V ||., |cv |c|h|, for |hc ycer cnoco 31 Verch 2O13 |n eccoroencc v||h |hc nnenc|e| rcpor||n
fremcvor| prcscr|cco unocr |hc Compen|cs /c|, 195o, |s |hc rcspons|c||||y of |hc menecmcn| of |hc Compeny. hc s|e|u|ory euo||ors eppo|n|co cy |hc Comp|ro||cr eno
/uo||or Gcncre| of lno|e unocr Scc||on o19,2) of |hc Compen|cs /c|, 195o, erc rcspons|c|c for cxprcss|n op|n|on on |hcsc nnenc|e| s|e|cmcn|s unocr Scc||on 227 of |hc
Compen|cs /c|, 195o, cesco on |nocpcnocn| euo|| |n eccoroencc v||h |hc euo|||n eno essurencc s|enoeros prcscr|cco cy |hc|r profcss|one| cooy, |hc lns|||u|c of Cher|crco
/ccoun|en|s of lno|e. h|s |s s|e|co |o hevc cccn oonc cy |hcm v|oc |hc|r /uo|| |cpor| oe|co O1 Vey 2O13.
l, on cche|f of |hc Comp|ro||cr eno /uo||or Gcncre| of lno|e, hevc conouc|co e supp|cmcn|ery euo|| unocr Scc||on o19,3) ,c) of |hc Compen|cs /c|, 195o of nnenc|e|
s|e|cmcn| of |en|| b||cc 0|peoen ||em ||m||co, |cv |c|h| for |hc ycer cnoco 31 Verch 2O13. h|s supp|cmcn|ery euo|| hes cccn cerr|co ou| |nocpcnocn||y v||hou|
ecccss |o |hc vor||n pepcrs of |hc s|e|u|ory euo||ors eno |s ||m||co pr|mer||y |o |nqu|r|cs of |hc s|e|u|ory euo||ors eno compeny pcrsonnc| eno e sc|cc||vc cxem|ne||on
of somc of |hc eccoun||n rccoros. On |hc ces|s of my euo|| no|h|n s|n|ncen| hes comc |o my |nov|coc vh|ch vou|o |vc r|sc |o eny commcn| upon or supp|cmcn|
|o S|e|u|ory /uo||ors' rcpor| unocr Scc||on o19,4) of |hc Compen|cs /c|, 195o.
||ecc : |cv |c|h|
|e|co : 17
|h
!unc 2O13
,br| Vohen)
|r|nc|pe| ||rcc|or of Commcrc|e| /uo|| eno
|x-ofnc|o Vcmccr /uo|| boero-lll, |cv |c|h|
37
th
BHARTIYA RAIL BIJLEE COMPANY LIMITED
DIRECTORS REPORT
|cer Vcmccrs,
/our ||rcc|ors hevc p|cesurc |n prcscn||n |hc S|x|h /nnue| |cpor| on |hc vor||n of
|hc Compeny |oc|hcr v||h /uo||co /ccoun|s eno /uo||ors' |cpor| |hcrcon for ycer
cnoco on 31
s|
Verch 2O13.
PERFORMANCE OF THE COMPANY
/our Compeny |s sc|||n up 425O V\ hcrme| |ovcr |rocc| e| |ec|neer, b|her
|o mcc| |hc |rec||on eno non-|rec||on c|cc|r|c povcr rcqu|rcmcn| of |e||veys. |or
sc|||n up |h|s procc|, ou| of |o|e| rcqu|rcmcn| of 1,59o.92 ecrcs of |eno, 1,328.15
ecrcs of |eno hes cccn ecqu|rco eno cffor|s erc cc|n meoc |o ecqu|rc ce|encc |eno.
hc cons|ruc||on vor| |s o|n on |n fu|| sv|n e| s||c. ln Ve|n ||en| erce - bo||cr
orums of 0n||s # 1, 2 eno 3 hevc e|rceoy cccn ||f|co |n ||s pos|||on eno orum ||f||n
for 0n|| # 4 hes cccn p|ennco |n 2
no
quer|cr of 2O13-14. |ur|hcr, hyoro |cs| of 0n|| #1
co||cr |s p|ennco |n 3
ro
quer|cr of 2O13-14. |S|#1 |unnc| |uc| crcc||on for |ess /&b
hes cccn comp|c|co eno co||cc||n c|cc|rooc crcc||on |n |ess C |s o|n on. O|hcr
crcc||on vor|s |||c cqu|pmcn|s |n V|||s of 0n|| #1, fron| ve|cr ve|| penc| crcc||on |n
bo||cr#1 erc |n prorcss.
|or Ve|n ||en| C|v|| vor|s of 0n|| # 1, me|n povcr housc s|ruc|ure| crcc||on |s ncer
comp|c||on eno o|hcr founoe||ons erc |n prorcss. |ef| ces||n of Ch|mncys for
0n||#1,2,3&4 hevc cccn comp|c|co. ln Coe| |eno||n ||en| - |ecr|ce||on & crcc||on
of |-3&4 eno convcyor 2/&2b erc unocr prorcss. C|v|| & crcc||on vor|s of o|hcr
p|en| vor|s |||c |rc-|rce|mcn| ||en|, |V ||en|, ||rc ||h||n sys|cm, C\ chennc|,
crcc||on of ||O |en|s |uc| heno||n sys|cm, |ey|n of 11OO mc|cr |cn|h of me|c-up
ve|cr ||nc |ns|oc p|en|, cons|ruc||on of esh s|urry pump housc & pcocs|e|s for |ey|n
of esh heno||n p|pcs, v|||ec o|vcrs|on roeos, p|en| roeos & ore|n, esh oy|cs, c|c.
erc e|so o|n |n fu|| sv|n. hc |e|| corr|oor vor| |ns|oc |hc p|en| hes e|rceoy cccn
everoco eno vor|s hevc cccn |e|cn up for |ey|n re|| ||ncs. /vero of con|rec| for
re|| corr|oor vor| ou|s|oc |hc p|en| |s unocr prorcss, |orcs| C|cerencc for |eno fe|||n
unocr |e||vey Corr|oor hes cccn oc|e|nco on O4.O4.13 from Vo||. O|hcr con|rec|
pec|ecs rc|e|co |o coe| |renspor|e||on erc e|so unocr ver|ous s|ecs of evero.
hc cons|ruc||on ec||v|||cs of your Compeny hes cccn hempcrco cy u||re ec||v|||cs
for vh|ch s|cps erc cc|n |e|cn |o cons|ruc| |hc counoery ve|| es soon es poss|c|c
eno pos||n of ClS|.
/our Compeny hes |e|cn numccr of s|cps |overos rchec||||e||on eno rcsc|||cmcn| |||c
|nfres|ruc|urc ocvc|opmcn|s, prov|o|n so|er s|rcc| ||h|s, prov|o|n po|ec|c ve|cr,
o|s|r|cu||on of scho|ersh|ps for ll s|uocn|s of |/|s, o|s|r|cu||on of p|ey|n |||s emon
schoo|s |n |/|s' v|||ecs, cs|ec||sh|n s|||ch|n ccn|rcs for |eo|cs, prov|o|n moc||c
hce||h c||n|c for |hc |rocc| /ffcc|co v|||ecrs, cons|ruc||on of crcme|or|ums c|c.
ln pursuencc of Vcmorenoum of 0nocrs|eno|n s|nco cc|vccn ||C ||m||co eno
V|n|s|ry of |e||veys |o sc| up 1,32O V\ povcr procc| e| /ore, \cs| bcne|. /our
Compeny hes |n|||e|co propose| |o cerry ou| ce|encc s||c spcc|nc s|uo|cs. hc ve|cr
e||oce||on hes cccn senc||onco from |emooer-bere|er ||vcr Sys|cm eno |OC from
/|rpor| /u|hor||y of lno|e hes cccn oc|e|nco.
FINANCIAL REVIEW
hc nnenc|e| h|h||h|s of |hc Compeny for |hc ycer cnoco on 31
s|
Verch 2O13 erc es
unocr:-
,/moun| |n `)
Balance Sheet Items as at 31.03.2013 31.03.2012
|e|o-up Sherc Cep||e| o,88,4o,OO,OOO o,88,4o,OO,OOO
|cscrvcs eno Surp|us ,o9,O5,337) ,52,o2,1oo)
Sherc /pp||ce||on Voncy |cno|n
/||o|mcn|
83,OO,39,OOO 83,OO,39,OOO
|on-currcn| ||ec|||||cs 17,15,35,o8,4O1 5,83,91,3o,9Oo
Currcn| ||ec|||||cs 2,82,o9,92,7O7 1,28,O3,3O,18o
|on-currcn| essc|s 27,53,88,52,877 13,84,88,14,771
Currcn| essc|s 14,94,41,894 98,OO,29,155
Items from Statement of Prot and
Loss for the year ended
31.03.2013 31.03.2012
o|e| |cvcnuc - -
o|e| |xpcnscs 1o,43,171 1,43,178
|oss for |hc ycer ,1o,43,171) ,1,43,178)
hc nnenc|e| s|e|cmcn|s of |hc Compeny hevc cccn o|scussco |n |hc Venecmcn|
||scuss|on & /ne|ys|s scc||on vh|ch |s e| /nncx-1 |o |h|s |cpor|.
AUDIT COMMITTEE
hc boero hes cons|||u|co en /uo|| Comm|||cc vh|ch compr|scs S/ Shr| b.|. S|nh,
|.|.S. Geh|ov| eno Suoh|r |umer Sexcne, ||rcc|ors es mcmccrs. |ur|n |hc nnenc|e|
ycer 2O12-13, onc mcc||n of |hc /uo|| Comm|||cc ves hc|o on O3.O5.2O12.
FIXED DEPOSITS
hc Compeny hes no| ecccp|co eny nxco ocpos|| our|n |hc pcr|oo cno|n
31
s|
Verch 2O13.
/s pcr prov|s|ons of scc||on 217,2/) of |hc Compen|cs /c|, 195o rceo v||h |hc
Compen|cs ,|er||cu|ers of |mp|oyccs) |u|cs, 1975, cvcry compeny |s rcqu|rco |o
prov|oc per||cu|er of cmp|oyccs vhosc rcmuncre||on |s morc |hen ` oO |ec pcr
nnenc|e| ycer, |f cmp|oyco for vho|c of |hc ycer or morc |hen ` 5 |ec pcr mon|h, |f
cmp|oyco for per| of |hc ycer |n |hc ||rcc|ors' |cpor|.
|ovcvcr, es pcr no||nce||on oe|co 31.O3.2O11 |ssuco cy V|n|s|ry of Corpore|c
/ffe|rs, emcno|n eforcse|o prov|s|ons of |hc Compen|cs ,|er||cu|ers of |mp|oyccs)
|u|cs, 1975 hes cxcmp|co Govcrnmcn| compen|cs for no| |nc|uo|n such per||cu|er
|n |hc ||rcc|ors' |cpor|. /s your Compeny |s e Govcrnmcn| Compeny, such per||cu|ers
hevc no| cccn |nc|uoco es per| of ||rcc|or's |cpor|.
|ur|hcr, eny mcmccr ocs|rous of oc|e|n|n such per||cu|ers mey vr||c |o |hc Compeny.
/|so, such per||cu|ers she|| cc meoc eve||ec|c |o |hc shercho|ocr,s) on e spcc|nc
rcqucs| meoc cy |hcm our|n /nnue| Gcncre| Vcc||n schcou|co for 29.O7.2O13.
AUDITORS REPORT
hc Comp|ro||cr & /uo||or Gcncre| of lno|e |hrouh |c||cr oe|co 31.O7.2O12 hes
eppo|n|co V/s l.|. |esr|che & Co., Cher|crco /ccoun|en|s es S|e|u|ory /uo||ors of |hc
Compeny for |hc nnenc|e| ycer 2O12-13. hc S|e|u|ory /uo||ors hes sucm|||co |hc|r
rcpor| eno |hcrc |s no eovcrsc commcn| or rcmer| |n |hc|r rcpor|.
COMPTROLLER & AUDITOR GENERAL REVIEW
hc Comp|ro||cr & /uo||or Gcncre| of lno|e, |hrouh |c||cr oe|co 13.Oo.2O13, hes
|vcn '|l|' Commcn|s on |hc ||nenc|e| S|e|cmcn|s of your Compeny for |hc ycer
cnoco 31
s|
Verch 2O13 unocr scc||on o19,4) of |hc Compen|cs /c|,195o. /s eov|sco
cy |hc Ofncc of |hc Comp|ro||cr & /uo||or Gcncre| of lno|e ,C&/G), |hc con|cn|s
of |c||cr oe|co 13.Oo.2O13 of C&/G for |hc ycer 2O12-13 erc cc|n p|ecco v||h |hc
rcpor| of S|e|u|ory /uo||ors of your Compeny c|scvhcrc |n |h|s /nnue| |cpor|.
EXCHANGE EARNING & OUTGO
/s e mcesurc |o conscrvc cncry, |hc Compeny hes |ns|e||co so|er ||h|s |n |hc
effcc|co v|||ecs. |ur|n |hc pcr|oo unocr rcv|cv, |hc Compeny |ncurrco l|| 18,12O
,0S| 35O) eno |hcrc ves no cern|n |n forc|n currcncy.
/s rcqu|rco unocr Scc||on 217,2//) of |hc Compen|cs /c|, 195o, your ||rcc|ors
connrm |he|:
1. |n |hc prcpere||on of |hc ennue| eccoun|s, |hc epp||cec|c eccoun||n s|enoeros
heo cccn fo||ovco e|on v||h propcr cxp|ene||on rc|e||n |o me|cr|e|
ocper|urcs,
2. |hc ||rcc|ors heo sc|cc|co such eccoun||n po||c|cs eno epp||co |hcm
3. |hc ||rcc|ors heo |e|cn propcr eno sufnc|cn| cerc for |hc me|n|cnencc of
eocque|c eccoun||n rccoros |n eccoroencc v||h |hc prov|s|ons of |hc
Compen|cs /c|, 195o for sefcuero|n |hc essc|s of |hc compeny eno for
prcvcn||n eno oc|cc||n freuo eno o|hcr |rrcu|er|||cs, eno
4. |hc ||rcc|ors heo prcperco |hc /nnue| /ccoun|s on e o|n conccrn ces|s.
DIRECTORS
Shr| 0.|. |en| ccesco |o cc |hc ||rcc|or of |hc Compeny v||h cffcc| from 15.O3.2O13
eno |n h|s p|ecc, ||C heo nom|ne|co Shr| S. |oy, ||| ,|es|-l) es ||rcc|or of |hc
Compeny. hc boero eppo|n|co h|m es |hc ||rcc|or of |hc Compeny v||h cffcc|
from 15.O3.2O13.
Shr| |.|.S. Geh|ov| ccesco |o cc |hc ||rcc|or of |hc Compeny v||h cffcc| from
3O.Oo.2O13 on e||e|n|n |hc ec of supcrennue||on. ||C hes nom|ne|co Shr| Suoh|r
/rye, |xccu||vc ||rcc|or, ||C es ||rcc|or on |hc boero of |hc Compeny |n p|ecc of
Shr| |.|.S. Geh|ov|. hc boero eppo|n|co h|m es |hc ||rcc|or of |hc Compeny v||h
cffcc| from 29.O7.2O13.
hc boero p|eccs on rccoro ||s occp epprcc|e||on for |hc scrv|ccs rcnocrco cy Shr|
0.|. |en| eno Shr| |.|.S. Geh|ov| our|n |hc|r |cnurc es ||rcc|ors of |hc Compeny.
/s pcr |hc prov|s|ons of |hc Compen|cs /c|, 195o, Shr| S.|. Sexcne, ||rcc|or she||
rc||rc cy ro|e||on e| |hc cnsu|n /nnue| Gcncre| Vcc||n eno cc|n c|||c|c, offcrs
h|msc|f for rc-eppo|n|mcn|.
ACKNOWLEDGEMENT
/our ||rcc|ors ec|nov|coc v||h occp scnsc of epprcc|e||on for |hc co-opcre||on
cx|cnoco cy V|n|s|ry of |ovcr eno V|n|s|ry of |e||veys.
/our ||rcc|ors e|so convcy |hc|r re|||uoc |o |hc |o|o|n Compeny |.c. ||C ||o.,
|ovcr ||nencc Corpore||on ||m||co, |ure| ||cc|r|nce||on Corpore||on ||m||co,
euo||ors, cen|crs, con|rec|ors, vcnoors eno consu||en|s of |hc Compeny.
\c v|sh |o p|ecc on rccoro our epprcc|e||on for |hc un||r|n cffor|s eno con|r|cu||ons
cy |hc cmp|oyccs e| e|| |cvc|s |o cnsurc |he| |hc Compeny con||nucs |o rov eno cxcc|.
||/C| : |cv |c|h| ,b.|. S|nh)
|/| : 29
|h
!u|y 2O13 Che|rmen
37
th
Annex-1 to the Directors Report
INDUSTRY SECTOR AND DEVELOPMENTS
hc |ovcr Scc|or |n lno|e hes meoc rep|o s|r|ocs our|n |hc |es| s|x occeocs |n
|hc nc|o of cncre||on, |rensm|ss|on, o|s|r|cu||on eno u||||ze||on of c|cc|r|c||y.
hc |ns|e||co cncre||n cepec||y |n |hc coun|ry |n 1947 ves mcerc 1,3o2 V\
vh|ch ce|crco |o povcr rcqu|rcmcn|s of urcen ccn|rcs eno eoo|n|n erces v||h
c|cc|r|nce||on of erouno 1,5OO v|||ecs. hc povcr cncre||n cepec||y |n |hc
coun|ry hes s|ncc rovn men|fo|o |o 2,23,343 V\ e| |hc cno of Verch 2O13.
GENERATION
Review of Installed Capacity & Capacity Addition during nancial year 2012-13
hc |o|e| |ns|e||co cepec||y |n |hc coun|ry es on Verch 31, 2O13 ves 223343.oO V\
v||h S|e|c Scc|or hev|n e sherc of 39.91%, fo||ovco cy |r|ve|c Scc|or v||h 3O.83%
sherc eno ce|encc 29.2o% con|r|cu|co cy Ccn|re| Scc|or cn||||cs.
S|e|c 89124.o2 39.91
|r|ve|c o8859.O4 3O.83
Ccn|re| o5359.94 29.2o
Total* 223343.60 100.00
,Sourcc: C|/)
Cepec||y eoo|||on of 2Oo22.8O V\ our|n nnenc|e| ycer 2O12-13 cxcccoco |hc
|erc| of 1795o.3O V\. \||h mex|mum con|r|cu||on of 54.59% cy |r|ve|c Scc|or,
fo||ovco cy Ccn|re| Scc|or of 2o.17%.
S|e|c 39o8.OO 19.24
|r|ve|c 11257.5O 54.59
Ccn|re| 5397.3O 2o.17
Total* 20622.80 100.00
*|xc|uo|n ||S vh|ch |nc|uocs Sme|| |yoro |rocc|, b|omess |ovcr, 0rcen &
lnous|r|e| \es|c |ovcr, \|no |ncry eno So|er |ovcr
hc |o|e| |hcrme| cepec||y, |nc|uo|n es eno o|csc| s|e||ons eccoun|s for ecou|
o7.85% of |ns|e||co cepec||y of |hc coun|ry fo||ovco cy hyoro cepec||y e| 17.o8%.
|uc|cer s|e||ons eccoun| for 2.14% eno |hc ce|encc 12.33% |s con|r|cu|co cy ||S.
Existing Generation
hc |o|e| povcr cncre||on |n |hc coun|ry our|n nnenc|e| ycer 2O12-13 ves 912.Oo
b0 es comperco |o 87o.89 b0 our|n |es| ycer, rc|s|cr|n e rov|h of 4.O1%.
Scc|or v|sc eno fuc| v|sc crce|-up of cncre||on |n b0 for |hc nnenc|e| ycer 2O12-13
eno nnenc|e| ycer 2O11-12 |s oc|e||co es unocr:
Sector FY 2012-13 FY 2011-12 Fuel FY 2012-13 FY 2011-12
S|e|c 347.15 3o7.9o |yoro 113.72 13O.51
|r|ve|c 184.15 139.o5 |uc|cer 32.87 32.29
O|hcrs* 4.79 5.28 O|hcrs* 4.79 5.28
Total 912.06 876.89 Total 912.06 876.89
*lmpor| from bhu|en ,Sourcc: C|/)
Of |hc |o|e| |e||one| Gcncre||on our|n nnenc|e| ycer 2O12-13, |hc S|e|c Scc|or
con|r|cu|co 38%, Ccn|re| Scc|or u||||||cs con|r|cu|co 41% vhcrc es |r|ve|c Scc|or
hes con|r|cu|co 2O%. hc ovcre|| cncre||on our|n |hc ycer ves ~ 2 % |css |hen |hc
prorem/|erc|.
Capacity Utilisation
Cepec||y u||||se||on |n |hc lno|en povcr scc|or |s mcesurco cy ||en| |oeo |ec|or ,|||).
hc ||| hes shovn e occ||nc our|n nnenc|e| ycer 2O12-13 v|s e v|s nnenc|e| ycer 2O11-12.
Ccn|re| 79.18 82.O1 -2.83
S|e|c o5.54 o8.35 -2.81
l|| o2.1o o7.27 -5.11
|r|ve|c 75.o9 7o.19 -O.5
/|| lno|e o9.93 73.47 -3.54
||| of |hcrme| s|e||ons occ||nco from 73.47% |o o9.93%. hc occ||nc |n ||| ves
me|n|y on eccoun| of shor|ec / poor que|||y of coe| , cec||n oovn/ shu| oovn of
un||s on eccoun| of |ov schcou|c from ccncnc|ery s|e|cs eno oc|ey |n s|ec|||ze||on
of ncv un||s.
hc povcr supp|y pos|||on |n |hc coun|ry our|n 2OO9-1O |o 2O12-13 :
Energy Peak
Year Require-
ment
Availa-
bility
Surplus/
Decits (-)
Peak
Demand
Peak
Met
Surplus/
Decits(-)
(MU) (MU) (MU) (%) (MW) (MW) (MW) (%)
2OO9-1O 8,3O,594 7,4o,o44 83,95O -1O.1 1,19,1oo 1,O4,OO9 15,157 -12.7
2O1O-11 8,o1,591 7,88,355 73,23o -8.5 1,22,287 1,1O,25o 12,O31 -9.8
2O11-12 9,37,199 8,57,88o 79,313 -8.5 1,3O,OOo 1,1o,191 13,815 -1O.o
2O12-13 9,95,5OO 9,O8,574 8o,92o -8.7 1,35,453 1,23,294 12,159 -9.O
SWOT ANALYSIS
Strength/ Opportunity
hc Compeny |s cec|co cy s|ron promo|crs |.c. V|n|s|ry of |e||veys eno ||C
||m||co. ||C |s |hc consu||en| for |hc Compeny vh|ch |s hev|n v|oc cxpcr|cncc
|n cn|nccr|n eno menecmcn| cxpcr||sc from p|enn|n |o comm|ss|on|n eno
opcre||n povcr p|en|s. lno|en |e||veys, cc|n e c| |renspor| oren|ze||on,
consumcs ecou| 2% of |hc |o|e| povcr cncre||on of |hc coun|ry vh|ch |s |||c|y |o
o up v||h |hc currcn| pecc of c|cc|r|nce||on. |rcscn||y, |hc pce| povcr rcqu|rcmcn|
of l| |s ecou| 4OOO V\ vh|ch |s cc|n fco |o |hc c|cc|r|c |rec||on nc|vor| of l|
|hrouh ||s ooo 4OO |rec||on suc s|e||ons sprceo ecross |hc |cn|h eno crceo|h of |hc
coun|ry. Ou| of |h|s rcqu|rcmcn|, |ec|neer povcr p|en| hev|n 1OOO V\ cepec||y
v||| ce|cr |hc cep||vc ncco of 9OO V\ of lno|en |e||veys eno 1OO V\ v||| cc |vcn
|o |hc b|her Govcrnmcn|. hus b|bC| hes ooo fu|urc prospcc|s of oce||n v||h |hc
oren|se||on |||c l| hev|n souno nnenc|e| funoemcn|e|s.
hc Compeny |s ec|c |o ecqu|rc meor por||on of |eno for cs|ec||sh|n |hc procc|.
bhere| |cevy ||cc|r|ce|s ||m||co |s |hc me|n p|en| con|rec|or. hc Compeny hes ||co
up |oen v||h |ovcr ||nencc Corpore||on ||m||co eno v||h |ure| ||cc|r|nce||on ||m||co
for mcc||n ||s occ| por||on. hc Compeny hes coe| ||n|ec for 425O V\ cepec||y.
|ovcvcr, |uc| Supp|y /rccmcn| |s yc| |o cc s|nco cc|vccn |hc Compeny eno
Coe| lno|e ||m||co.
Weakness/ Threats:
hc meor |hrce| |hc compeny |s fec|n |n ecqu|r|n per|s of |eno. |ev eno orocr s||ue||on
eno procc| sccur||y of |hc procc| hes cccn e|so e cons|ocrec|c conccrn for |hc
compeny. hc Compeny |s e|so fec|n proc|cms |n ecqu|r|n erce|c eno cou|ocrs.
RISKS AND CONCERN
hc r|s| |o vh|ch compeny |s cxposco eno |hc |n|||e||vcs |e|cn cy |hc compeny |o
m|||e|c such r|s|s erc |vcn cc|ov:
|ezero r|s|s erc rc|e|co |o ne|ure| hezeros er|s|n ou| of ecc|ocn|s eno ne|ure|
ce|em|||cs |||c nrc, cer|hque|c c|c.
Opcre||one| r|s|s erc essoc|e|co v||h sys|cms, proccsscs & pcop|c eno covcr erces
such es succcss|on p|enn|n, e||r|||on eno rc|cn||on of pcop|c, opcre||one| fe||urc or
|n|crrup||on, o|srup||on |n supp|y che|n, fe||urc of rcscerch & ocvc|opmcn| fec|||||cs
eno feu||y epp||ce||on of |nforme||on |cchno|oy eno non-comp||encc of rcu|e|ory
prov|s|ons.
/s |hc compeny |s |n cons|ruc||on phesc of procc|, || |s no| cxposco |o e|| such
opcre||one| r|s|s.
INTERNAL CONTROL
hc Compeny hes rocus| |n|crne| sys|cms eno proccsscs for cfnc|cn| conouc| of
cus|ncss. l| |s fo||ov|n oc|ce||on of povcrs es |s cc|n fo||ovco |n ||C ||m||co.
hc eccoun|s erc cc|n prcperco |n eccoroencc v||h |hc /ccoun||n S|enoeros
no||nco unocr Scc||on 211,3C) of |hc Compen|cs /c|, 195o. hc Compeny hes
|mp|cmcn|co S/| |n e|| of ||s moou|cs |||c ||, /ccoun||n, |n|nccr|n, c|c. vh|ch
hc|ps |n rc|r|cv|n oe|e eno me|n|e|n|n sys|cme||c cec|up.
|ur|n |hc ycer unocr rcv|cv, |n|crne| euo|| ves oonc cy en cx|crne| ecncy for
eccoun|s eno con|rec|s & me|cr|e|s sys|cms of your Compeny. hc eccoun|s sys|cm
eno C&V sys|cms comp||co v||h |hc cs|ec||shco rocus| ru|cs eno po||c|cs of |hc
oren|ze||on.
|ur|n |hc nnenc|e| ycer 2O12-13, |hc Compeny heo nc||hcr |ssuco/ couh| cec|
eny shercs. hc sherc cep||e| s|ooo e| ` o,88,4o,OO,OOO es || ves our|n |hc prcv|ous
ycer. hc sherc epp||ce||on moncy pcno|n e||o|mcn| ves e|so |hc semc es |he| of
|hc prcv|ous ycer |.c ` 83,OO,39,OOO. hc Compeny heo v||horevn cumu|e||vc |oen
of ` 15,81,14,95,391 up|o |/ 2O12-13 es ee|ns| ` 5,oO,o5,O4,ooo up|o |/ 2O11-12
from ||C eno ||C. borrov|n cos|s cep||e||zco our|n |hc ycer ves ` 1,O8,87,1o,241.
Such corrov|n cos|s erc eppor||onco on |hc evcrec ce|encc of cep||e| vor|-|n-
prorcss for |hc ycer.
hc |en|c|c essc|s ef|cr ocprcc|e||on emoun|co |o ` 3,55,44,5O,787 es e| 31.O3.2O13
es ee|ns| ` 1,82,35,84,339 es e| 31.O3.2O12. hc |en|c|c essc|s |nc|uoco cep||e|
cxpcno||urc of ` 22,35,8o,O8O |ncurrco on essc|s no| ovnco cy |hc Compeny.
hc |o|o|n Compeny |.c. ||C ||m||co hes rccc|vco en op|n|on from |hc |/C of
|hc lns|||u|c of Cher|crco /ccoun|en|s of lno|e on eccoun||n |rce|mcn| of cep||e|
cxpcno||urc on essc|s no| ovnco cy |hc Compeny vhcrc|n || ves op|nco |he| such
cxpcno||urc erc |o cc cherco |o |hc s|e|cmcn| of pron| & |oss eccoun| es eno
vhcn |ncurrco. hc |o|o|n Compeny hes rcprcscn|co |he| such cxpcno||urc cc|n
csscn||e| for sc|||n up of e procc|, |hc semc cc eccoun|co |n ||nc v||h |hc cx|s||n
eccoun||n prec||cc eno souh| e rcv|cv. |cno|n rccc|p| of commun|ce||on from
lC/l rcero|n |hc eccoun||n |rce|mcn|, cx|s||n |rce|mcn| hes cccn con||nuco es
pcr |hc rc|cven| eccoun||n po||cy.
hc |n|en|c|c essc|s ef|cr ocprcc|e||on emoun|co |o ` 1,o1,7o9 eno ` 4,73,5o4 es e|
31.O3.2O13 eno 31.O3.2O12 rcspcc||vc|y. hc ocprcc|e||on |rensfcrrco |o |xpcno||urc
|ur|n Cons|ruc||on ,||C) for |hc nnenc|e| ycer 2O12-13 ves ` 81,1o,138. hc cep||e|
37
th
vor|-|n-prorcss s|ooo e| ` 21,4o,51,38,77O eno ` 8,4o,9o,55,o73 es e| 31.O3.2O13
eno 31.O3.2O12 rcspcc||vc|y.
/s |hc procc| |s |n cons|ruc||on s|ec, |hc |ncomc eno cxpcnscs vcrc |rensfcrrco
|o ||C eccoun|. hc cxpcnscs ,nc| of |ncomc) |rensfcrrco |o ||C emoun|co |o `
1,3o,8o,OO,424. hc cxpcnscs |ncurrco on |re|n|n & rccru||mcn| ves cherco |o
s|e|cmcn| of pron| eno |oss. hc |o|e| |oss cherco |o s|e|cmcn| of pron| eno |oss
ves ` 1o,43,171 vh|ch ves |rensfcrrco |o rcscrvcs eno surp|us. hc nc| |oss for |hc
nnenc|e| ycer 2O11-12 ves 1,43,178.
HUMAN RESOURCE
|rcscn||y, |hc Compeny hes |o|e| s|rcn|h of 12o cmp|oyccs ,|nc|uo|n 9 |xccu||vc
re|nccs), ou| of vh|ch 124 cmp|oyccs hevc cccn ocpu|co from |hc |o|o|n
Compeny |.c. ||C ||m||co eno 2 cmp|oyccs hevc cccn ocpu|co from V|n|s|ry of
|e||veys. /s e soc|e||y rcspons|c|c eno soc|e||y consc|ous oren|se||on |hc Compeny
hes ocp|oyco 25 SC cmp|oyccs, 5 S cmp|oyccs eno 29 ObC cmp|oyccs ou| of |hc
|o|e| s|rcn|h of 124 cmp|oyccs ocpu|co from ||C.
hc Compeny |s pey|n |crformencc |c|e|co |ey |o ||s cmp|oyccs |n orocr |o coos|
|hc|r more|c eno e|so cx|cno|n |hc fec||||y of rc|cn||on of fem||y enyvhcrc |n lno|e.
Ouer|crs hevc cccn h|rco e| |e|m|eneer es e cmporery ovnsh|p un||| |crmencn|
ovnsh|p e| |hc s||c |s cons|ruc|co.
hc cmp|oycc ccncn|s cxpcnsc ,se|er|cs & vecs, con|r|cu||on |o prov|ocn| &
o|hcr funos eno s|eff vc|ferc cxpcnscs) ves ` 19,71,49,773 for |hc nnenc|e| ycer
2O12-13, vh|ch hevc cccn |rensfcrrco |o cxpcno||urc our|n cons|ruc||on eccoun|
es |hc procc| |s |n cons|ruc||on s|ec. l| |nc|uoco ` 4,95,92,o17 occ||co cy |hc
|o|o|n Compeny |overos |cevc, supcrennue||on eno o|hcr ccncn|s |n rcspcc| of
cmp|oyccs pos|co on scconomcn| ces|s from |hc |o|o|n Compeny.
OUTLOOK
hc Compeny's ou||oo| |s vcry cr|h|. l| v||| cncre|c sufnc|cn| rcvcnuc for |hc
rov|h eno ocvc|opmcn| of |hc compeny es vc|| es of |hc ncercy commun||y e|
|erc oncc |hc p|en| cccomcs opcre||one|.
||/C| : |cv |c|h| ,b.|. S|nh)
|/| : 29
|h
!u|y 2O13 Che|rmen
BALANCE SHEET AS AT
/moun| |n `
Shareholders funds
Sherc cep||e| 2 6,884,600,000 o,884,oOO,OOO
|cscrvcs eno surp|us 3 (6,905,337) ,5,2o2,1oo)
6,877,694,663 o,879,337,834
Sherc /pp||ce||on moncy pcno|n
e||o|mcn|
4 830,039,000 83O,O39,OOO
|on-|crm corrov|ns 5 15,811,495,391 5,oOo,5O4,ooo
O|hcr |on |crm ||ec|||||cs o 1,342,073,010 232,o32,24O
17,153,568,401 5,839,13o,9Oo
Current liabilities
reoc peyec|c 7 17,818,773 11,752,778
O|hcr currcn| ||ec|||||cs 8 1,705,795,513 1,2o8,577,4O8
Shor|-|crm prov|s|ons 9 1,103,378,421 -
2,826,992,707 1,28O,33O,18o
TOTAL 27,688,294,771 14,828,843,926
ASSETS
Non-current assets
||xco essc|s
en|c|c essc|s 1O 3,554,450,787 1,823,584,339
ln|en|c|c essc|s 1O 161,769 473,5o4
Cep||e| vor|-|n-prorcss 11 21,465,138,770 8,4o9,o55,o73
O|hcr non-currcn| essc|s 12 21,996,078 1o,38O,OoO
|on-|crm |oens eno eovenccs 13 2,497,105,473 3,538,721,135
27,538,852,877 13,848,814,771
Current assets
Cesh eno cen| ce|enccs 14 146,487,542 977,83o,o4o
Shor|-|crm |oens eno eovenccs 15 89,932 4O,17O
O|hcr currcn| essc|s 1o 2,864,420 2,152,339
149,441,894 98O,O29,155
TOTAL 27,688,294,771 14,828,843,926
(K. K. Singh)
Ch|cf |xccu||vc Ofnccr
(S. K. Saxena)
||rcc|or
(B. P. Singh)
Che|rmen
h|s |s |hc be|encc Shcc| rcfcrrco |o |n our rcpor| of cvcn oe|c.
Vencc| |e| |esr|che
|or l. |. |esr|che & Co.
||rm |c. |o. OOO12O|
V.|o. 51oo12
||ecc : |cv |c|h|
|e|co : 7
|h
Vey 2O13
/moun| |n `
O|hcr |ncomc 17 - -
Total revenue - -
Expenses
|mp|oycc ccncn|s cxpcnsc 18 - -
||nencc cos|s 19 - -
/om|n|s|re||on & o|hcr cxpcnscs 2O 1,643,171 143,178
Total expenses 1,643,171 143,178
Prot / (Loss) before tax (1,643,171) ,143,178)
Total Tax Expense - -
Prot / (Loss) for the year (1,643,171) ,143,178)
|xpcno||urc |ur|n Cons|ruc||on |cr|oo 21
|ern|ns pcr cqu||y sherc
22
bes|c (0.00) ,O.OO)
|||u|co (0.00) ,O.OO)
hcrc erc no cxccp||one| or cx|reoro|nery ||cms |n |hc ecovc pcr|oos.
(K. K. Singh)
(S. K. Saxena)
||rcc|or
(B. P. Singh)
Che|rmen
h|s |s |hc S|e|cmcn| of |ron| & |oss rcfcrrco |o |n our rcpor| of cvcn oe|c.
Vencc| |e| |esr|che
V.|o. 51oo12
||ecc : |cv |c|h|
|e|co : 7
|h
Vey 2O13
37
th
CASH FLOW STATEMENT
/moun| |n `
For the year ended March 31, 2013 2O12
A CASH FLOW FROM OPERATING
ACTIVITIES
Net Loss as per statement of Prot
and Loss (1,643,171) ,143,178)
Adjustment for
lncrcesc/,|ccrcesc) |n Currcn| ||ec|||||cs 1,546,662,521 832,33o,474
lncrcesc/,|ccrcesc) |n O|hcr Currcn|
/ssc|s (712,081) 1,571,12O
lncrcesc/,|ccrcesc) |n |oens & /ovenccs (49,762) 1O7,273,72O
1,545,900,678 941,181,314
Net Cash from Operating Activities-A 1,544,257,507 941,O38,13o
B CASH FLOW FROM INVESTMENT
ACTIVITIES (13,690,038,106) ,5,95o,212,31o)
C CASH FLOW FROM FINANCING
ACTIVITIES
|rocccos from |on crm borrov|ns 11,314,431,495 4,5oo,2O8,39o
Net Cash ow from Financing
Activities-C 11,314,431,495 4,5oo,2O8,39o
Net Increase/(Decrease) in Cash and
Cash equivalents (A+B+C) (831,349,104) (448,965,784)
Cesh eno Cesh cqu|ve|cn|s
,Opcn|n be|encc) 977,836,646 1,42o,8O2,43O
Cesh eno Cesh cqu|ve|cn|s
,C|os|n be|encc) 146,487,542 977,83o,o4o
|O|S : 1. Cesh eno Cesh |qu|ve|cn|s cons|s|s of ce|encc v||h ben|s
2. ||urcs for |rcv|ous ycer hevc cccn rcroupco/rcerrenco vhcrcvcr
ncccssery.
(K. K. Singh)
(S. K. Saxena)
||rcc|or
(B. P. Singh)
Che|rmen
Vencc| |e| |esr|che
V.|o. 51oo12
||ecc : |cv |c|h|
|e|co : 7
|h
Vey 2O13
Notes to the nancial statements for the year ended 31
st
March 2013
Note NO. 1. SIGNIFICANT ACCOUNTING POLICIES
|nc|uo|n eccoun||n s|enoeros no||nco |hcrc unocr & |hc prov|s|on of
||cc|r|c||y /c|, 2OO3 |o |hc cx|cn| epp||cec|c
B. USE OF ESTIMATES
|hc rcpor||n pcr|oo. /||houh such cs||me|cs eno essump||ons erc meoc on e
rcesonec|c eno pruocn| ces|s |e||n |n|o eccoun| e|| eve||ec|c |nforme||on, ec|ue|
rcsu||s cou|o o|ffcr from |hcsc cs||me|cs & essump||ons eno such o|ffcrcnccs erc
rccon|zco |n |hc pcr|oo |n vh|ch |hc rcsu||s erc crys|e|||zco.
C. FIXED ASSETS
1. en|c|c /ssc|s erc cerr|co e| h|s|or|ce| cos| |css eccumu|e|co ocprcc|e||on/
emor||se||on.
2. |xpcno||urc on rcnove||on eno moocrn|se||on of |en|c|c essc|s rcsu|||n
|n |ncrcesco ||fc eno/or cfnc|cncy of en cx|s||n essc| |s eooco |o |hc cos|
of rc|e|co essc|s.
3. ln|en|c|c essc|s erc s|e|co e| |hc|r cos| of ecqu|s|||on |css eccumu|e|co
emor||se||on.
4. Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc Compeny |s rcncc|co es e
o|s||nc| ||cm |n Cep||e| \or|-|n-|rorcss |||| |hc pcr|oo of comp|c||on eno
|hcrcef|cr |n |hc en|c|c /ssc|s.
5. |cpos||s, peymcn|s/||ec|||||cs meoc prov|s|one||y |overos compcnse||on,
rchec||||e||on eno o|hcr cxpcnscs rc|e|ec|c |o |eno |n posscss|on erc
|rce|co es cos| of |eno.
o. ln |hc cesc of essc|s pu| |o usc, vhcrc nne| sc|||cmcn| of c|||s v||h
con|rec|ors |s yc| |o cc cffcc|co, cep||e||se||on |s oonc on prov|s|one| ces|s
succc| |o ncccssery eous|mcn| |n |hc ycer of nne| sc|||cmcn|.
7. /ssc|s eno sys|cms common |o morc |hen onc cncre||n un|| erc
D. CAPITAL WORK-IN-PROGRESS
1. /om|n|s|re||on eno cncre| ovcrhceo cxpcnscs e||r|cu|ec|c |o cons|ruc||on
of nxco essc|s |ncurrco |||| |hcy erc rceoy for |hc|r |n|cnoco usc erc
|ocn||nco eno e||oce|co on e sys|cme||c ces|s |o |hc cos| of rc|e|co essc|s.
2. |cpos|| vor|s/cos| p|us con|rec|s erc eccoun|co for on |hc ces|s of
3. 0nsc|||co ||ec||||y for pr|cc ver|e||on/cxchenc re|c ver|e||on |n cesc of
con|rec|s erc eccoun|co for on cs||me|co ces|s es pcr |crms of |hc con|rec|s.
E FOREIGN CURRENCY TRANSACTIONS
us|n |hc c|os|n re|c. |on-monc|ery ||cms ocnom|ne|co |n forc|n
3. |xchenc o|ffcrcncc er|s|n from sc|||cmcn|/|rens|e||on of |on-|crm forc|n
currcncy monc|ery ||cms erc eous|co |n cerry|n cos| of rc|e|co essc|s.
4. O|hcr cxchenc o|ffcrcnccs erc rccon|sco es |ncomc or cxpcnsc |n |hc
pcr|oo |n vh|ch |hcy er|sc.
5. |xchenc o|ffcrcnccs on eccoun| of |rens|e||on of forc|n currcncy
corrov|ns rccovcrec|c or peyec|c |o |hc ccncnc|er|cs |n sucscqucn|
pcr|oos es pcr C||C er|ff |cu|e||on erc eccoun|co es '|cffcrco
forc|n currcncy nuc|ue||on essc|/||ec||||y'. hc |ncrcesc or occrcesc
|n ocprcc|e||on or |n|crcs| eno nnencc chercs for |hc ycer ouc |o |hc
eccoun||n of such cxchenc o|ffcrcnccs es pcr eccoun||n po||cy |o.| |s
eous|co |n ocprcc|e||on, es |hc cesc mey cc.
F. BORROWING COSTS
borrov|n cos|s e||r|cu|ec|c |o |hc nxco essc|s our|n cons|ruc||on, rcnove||on
eno moocrn|se||on erc cep||e||sco. Such corrov|n cos|s erc eppor||onco on
|hc evcrec ce|encc of cep||e| vor|-|n-prorcss for |hc ycer. O|hcr corrov|n
cos|s erc rccon|sco es en cxpcnsc |n |hc pcr|oo |n vh|ch |hcy erc |ncurrco.
G. EXPENDITURE
1. |cprcc|e||on |s cherco on s|re|h| ||nc mc|hoo fo||ov|n |hc re|cs eno
mc|hooo|oy no||nco cy |hc C||C er|ff |cu|e||ons, 2OO9, |n eccoroencc
v||h scc||on o1o , c ) of |hc Compen|cs /c|, 195o.
2. |cprcc|e||on on |hc fo||ov|n essc|s |s prov|oco cesco on |hc|r cs||me|co
uscfu| ||fc:
c) |nec||n vor|s
- rcs|ocn||e| cu||o|ns |nc|uo|n |hc|r |n|crne|
c|cc|r|nce||on.
- non-rcs|ocn||e| cu||o|ns |nc|uo|n |hc|r |n|crne|
c|cc|r|nce||on, ve|cr supp|y, scvcrec & ore|nec
vor|s, re||vey s|o|ns, ecrooromcs, hc||peos eno
e|rs|r|ps.
15 ycers
5 ycers
o) |ho|ocop|crs eno |ex Vech|ncs 5 ycers
c) \e|cr coo|crs eno |cfr|cre|ors 12 ycers
3. |cprcc|e||on on eoo|||ons |o/ocouc||ons from nxco essc|s our|n |hc ycer
|s cherco on pro-re|e ces|s from/up |o |hc mon|h |n vh|ch |hc essc| |s
eve||ec|c for usc/o|spose|.
4. /ssc|s cos||n up |o ` 5OOO/- erc fu||y ocprcc|e|co |n |hc ycer of
ecqu|s|||on.
5. Cos| of sof|verc rccon|zco es |n|en|c|c essc|, |s emor||sco on s|re|h|
||nc mc|hoo ovcr e pcr|oo of |ce| r|h| |o usc or 3 ycers, vh|chcvcr |s
|css. O|hcr |n|en|c|c essc|s erc emor||zco on s|re|h| ||nc mc|hoo ovcr |hc
pcr|oo of |ce| r|h| |o usc fo||ov|n |hc re|cs eno mc|hooo|oy no||nco
cy C||C er|ff |cu|e||ons, 2OO9.
o. Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc Compeny |s emor||sco
ovcr e pcr|oo of 4 ycers from |hc mon|h |n vh|ch |hc nrs| un|| of procc|
conccrnco comcs |n|o commcrc|e| opcre||on eno |hcrcef|cr from |hc
mon|h |n vh|ch |hc rc|cven| essc| cccomcs eve||ec|c for usc. |ovcvcr,
s|m||er cxpcno||urc for commun||y ocvc|opmcn| |s cherco off |o rcvcnuc.
7. |cescho|o |eno eno cu||o|ns erc fu||y emor||sco ovcr 25 ycers or |cesc
37
th
Annual Report 2012-2013 2Oo
pcr|oo vh|chcvcr |s |css fo||ov|n |hc re|cs eno mc|hooo|oy no||nco cy
C||C er|ff |cu|e||ons, 2OO9. |cescho|o |eno ecqu|rco on pcrpc|ue| |cesc
|s no| emor||sco.
9. |rc||m|nery cxpcnscs on eccoun| of ncv procc|s |ncurrco pr|or |o epprove|
of fces|c||||y rcpor|/|cchno cconom|c c|cerencc erc cherco |o rcvcnuc.
1O. |rcpe|o cxpcnscs eno pr|or pcr|oo cxpcnscs/|ncomc of ||cms of
` 1OO,OOO/- eno cc|ov erc cherco |o ne|ure| hceos of eccoun|s.
H. OPERATING LEASE
/ssc|s ecqu|rco on |cesc vhcrc e s|n|ncen| por||on of |hc r|s| eno rcveros
of |hc ovncrsh|p erc rc|e|nco cy |hc |cssor erc c|ess|nco es opcre||n |cescs.
|cesc rcn|e|s erc cherco |o rcvcnuc.
I. PROVISIONS AND CONTINGENT LIABILITIES
|hc menecmcn|/|nocpcnocn| cxpcr|s. hcsc erc rcv|cvco e| cech ce|encc
J. CASH FLOW STATEMENT
NOTE NO. 2 SHARE CAPITAL /moun| |n `
As at 31.03.2013 31.O3.2O12
Equity Share Capital
AUTHORISED
1oOo,OOO,OOO shercs of per ve|uc
of `1O/- cech, ,prcv|ous ycer
1oOo,OOO,OOO shercs of per ve|uc of
`1O/- cech) 16,060,000,000 1o,OoO,OOO,OOO
ISSUED, SUBSCRIBED AND FULLY
PAID-UP
o88,4oO,OOO shercs of per ve|uc of
`1O/- cech ,|rcv|ous ycer o88,4oO,OOO
shercs of per ve|uc of `1O/- cech )
6,884,600,000 o,884,oOO,OOO
Total 6,884,600,000 o,884,oOO,OOO
c) hc Compeny hes on|y onc c|ess of cqu||y shercs hev|n e per ve|uc of `1O/-
occ|erco from ||mc |o ||mc, eno erc cn||||co |o vo||n r|h|s propor||one|c |o
|hc|r sherc ho|o|n e| |hc mcc||ns of shercho|ocrs.
c) ln |hc cvcn| of ||qu|oe||on of |hc Compeny, |hc ho|ocrs of |hc cqu||y shercs v|||
cc cn|||||co |o rccc|vc rcme|n|n essc|s of |hc Compeny, ef|cr o|s|r|cu||on of e||
prcfcrcn||e| emoun|s. hc o|s|r|cu||on v||| cc |n propor||on |o |hc numccr of
cqu||y shercs hc|o cy |hc shercho|ocrs.
o) Details of shareholders holding more than 5% shares in the Company
|er||cu|ers 31.03.2013 31.O3.2O12
No. of shares %age
holding
|o. of
shercs
%ec
ho|o|n
||C ||o. eno |hc|r nom|nccs 509,460,000 74 5O9,4oO,OOO 74
V|n|s|ry of |e||veys eno |hc|r
nom|nccs 179,000,000 26 179,OOO,OOO 2o
NOTE NO. 3 RESERVES AND SURPLUS /moun| |n `
As at 31.03.2013 31.O3.2O12
Surplus in the statement of prot & loss
/s pcr |es| ce|encc shcc| (5,262,166) ,5,118,988)
/oo: |ron|/,|oss) for |hc ycer from s|e|cmcn|
of pron| & |oss
(1,643,171) ,143,178)
|c| surp|us (6,905,337) ,5,2o2,1oo)
Total (6,905,337) (5,262,166)
NOTE NO. 4 SHARE APPLICATION MONEY PENDING FOR ALLOTMENT
/moun| |n `
As at 31.03.2013 31.O3.2O12
/moun| rccc|vco for e||o|mcn| eno |s pcno|n
for e||o|mcn|
|ccc|vco from ||C ||o eno 39,000 39,OOO
|ccc|vco from V|n|s|ry of |e||veys 830,000,000 83O,OOO,OOO
830,039,000 83O,O39,OOO
e) Sherc e||o|mcn| |o V|n|s|ry of |e||veys v||| cc meoc ef|cr propor||one|c |oen
funo re|sco from ||C, ||C eno |qu||y con|r|cu||on from ||C ||o.
c) |qu||y shercs of ` 1O/- cech |n re||o of 74:2o |o cc |ssuco |o |hc ecovc
shercho|ocrs e| per.
c) |o cqu||y shercs hevc cccn e||o||co our|n |hc |/ 2O12-13. hc ce|encc emoun|
|s proposco |o cc e||o||co |n |hc |/ 2O13-14.
o) hc eu|hor|sco sherc cep||e| of |hc Compeny |s `1o,OoO,OOO,OOO vh|ch |s
sufnc|cn| |o covcr |hc sherc cep||e| emoun| on e||o|mcn| of shercs ou| of ecovc
sherc epp||ce||on moncy.
c) |o emoun| |s rcfunoec|c ou| of ecovc sherc epp||ce||on moncy.
NOTE NO. 5 LONG-TERM BORROWINGS /moun| |n `
As at 31.03.2013 31.O3.2O12
Term loans
From Financial Institutions
Secured
|upcc |oens 15,811,495,391 5,oOo,5O4,ooo
Total 15,811,495,391 5,oOo,5O4,ooo
e) Sccur|||cs - Sccurco cy |qu||ec|c mor|ec/hypo|h|ce||on of e|| prcscn| eno
fu|urc nxco eno movec|c essc|s of |ec|neer || ,4*25O) V\, es nrs| cherc,
ren||n per| pesu v||h cherc crce|co v||h ||C for oO % of |o|e| occ|s eno
ce|encc 4O% v||h ||C.
c) hc rupcc |crm |oens - ln|crcs| on |crm |oen |s peyec|c e| |hc epp||cec|c |hrcc ycer
///' bono y|c|o re|c p|us ercco mer|n. Vore|or|um & |r|nc|pe| rcpeymcn|
|cr|oo : hc Vore|or|um pcr|oo for |hc procc| |s up |o o mon|hs from |hc CO|.
hc fec||||y |s eve||ec|c for e pcr|oo of 48 mon|hs from |hc oe|c of oocumcn|e||on
or |||| |hc ec|ue| comp|c||on of |hc procc| p|us o mon|hs ,more|or|um pcr|oo),
vh|chcvcr |s cer||cr. hc rcpeymcn| schcou|c |s for e pcr|oo of 15 ycers,
cc|nn|n ef|cr o mon|hs from CO|, |n oO quer|cr|y |ns|e||mcn|s.
c) hcrc hes cccn no ocfeu||s |n rcpeymcn| of eny of |hc |oens or |n|crcs| |hcrcon
es e| |hc cno of |hc ycer.
NOTE NO. 6 OTHER LONG TERM LIABILITIES /moun| |n `
As at 31.03.2013 31.O3.2O12
O|hcr ||ec|||||cs
|eyec|c for cep||e| cxpcno||urc 1,342,073,010 2O1,977,512
O|hcrs - 3O,o54,728
Total 1,342,073,010 232,o32,24O
e) O|hcr ||ec|||||cs-O|hcrs |nc|uoc ocpos||s rccc|vco from con|rec|ors eno o|hcrs.
NOTE NO. 7 TRADE PAYABLES /moun| |n `
As at 31.03.2013 31.O3.2O12
|or ooos eno scrv|ccs 17,818,773 11,752,778
Total 17,818,773 11,752,778
NOTE NO. 8 OTHER CURRENT LIABILITIES /moun| |n `
As at 31.03.2013 31.O3.2O12
ln|crcs| eccruco eno ouc on corrov|ns 216,301,025 1O7,O18,239
|eyec|c for cep||e| cxpcno||urc 1,408,031,494 1,O9o,35O,o8o
O|hcr peyec|cs
ex ocouc|co e| sourcc eno o|hcr s|e|u|ory
oucs
22,382,486 17,245,Oo9
||C ||o 43,917,057 14,O3O,982
|eyec|c |o cmp|oyccs 13,459,239 22,81O,O19
O|hcrs * 1,704,212 11,122,413
Total 1,705,795,513 1,2o8,577,4O8
* O|hcr peyec|cs - o|hcrs |nc|uoc s|e|c chcquc eno emoun| peyec|c |o c|uc eno
essoc|e||on c|c.
37
th
NOTE NO. 9 SHORT TERM PROVISIONS /moun| |n `
As at 31.03.2013 31.O3.2O12
|rov|s|on for oc||e||ons |nc|ocn|e| |o |eno ecq|s|||on
Opcn|n be|encc - -
/oo|||ons our|n |hc ycer 1,103,378,421 -
/moun| pe|o our|n |hc ycer - -
/moun| rcvcrsco our|n |hc ycer - -
C|os|n ce|encc 1,103,378,421 -
NOTE NO. 10 TANGIBLE ASSETS /moun| |n `
|eno :
|rccho|o 1,585,441,4o3 - ,1,o5O,492,445) 3,235,933,908 - - - - 3,235,933,908 1,585,441,4o3
|oeos, cr|ocs, cu|vcr|s & hc||peos 534,o32 - - 534,632 4oO,oO1 2O,5o7 - 481,168 53,464 74,O31
bu||o|n - O|hcrs - 4o,215,451 - 46,215,451 - 91o,574 - 916,574 45,298,877 -
cmporery crcc||on 13,595,81O 2,O34,O49 - 15,629,859 13,595,81O 1,71o,32O - 15,312,130 317,729 -
\e|cr supp|y, ore|nec & scvcrec sys|cm 194,953 - - 194,953 49,44O 34,4O8 - 83,848 111,105 145,513
||en| eno cqu|pmcn| 1,3o1,344 - 5,5o9 1,355,775 214,217 o5,1oo 5,5o9 273,814 1,081,961 1,147,127
|urn||urc eno nx|urcs 1O,38O,727 4,248,5o5 174,89O 14,454,402 1,882,8Oo 913,o49 32,O13 2,764,442 11,689,960 8,497,921
Ofncc cqu|pmcn| 4,5o7,252 291,o9o 8o,9oo 4,771,982 1,33O,79O 4o3,o19 123,Oo2 1,671,347 3,100,635 3,23o,4o2
|||, \| mech|ncs eno se|com cqu|pmcn| 5,2O1,875 3,14o,3o7 ,5O,9o7) 8,399,209 1,833,5O9 994,933 ,2,2o9) 2,830,711 5,568,498 3,3o8,3oo
Cons|ruc||on cqu|pmcn|s 19,442,887 - - 19,442,887 3,o12,o98 1,859,5o1 - 5,472,259 13,970,628 15,83O,189
||cc|r|ce| lns|e||e||ons 12,918,749 5o4,15O ,1Oo,39O) 13,589,289 889,51O o92,o47 ,18,85O) 1,601,007 11,988,282 12,O29,239
Commun|ce||on |qu|pmcn|s 1,9o2,33O 1O9,528 41,348 2,030,510 1o8,933 12o,899 14,982 280,850 1,749,660 1,793,397
|ecore|ory eno vor|shop cqu|pmcn|s 17,747 - - 17,747 17,747 - - 17,747 - -
Cep||e| cxpcno||urc on essc|s no| ovnco
cy |hc Compeny
192,O2O,o31 - ,31,5o5,449) 223,586,080 - - - - 223,586,080 192,O2O,o31
Total 1,847,o4O,4OO 5o,oO9,8Oo ,1,o81,9Oo,478) 3,586,156,684 24,O5o,Oo1 7,8O4,343 154,5O7 31,705,897 3,554,450,787 1,823,584,339
|rcv|ous ycer 1,833,5O2,489 13,975,212 ,1o2,o99) 1,847,o4O,4OO 12,O91,oo8 11,9o4,393 - 24,O5o,Oo1 1,823,584,339 1,821,41O,821
Deduction/adjustments from gross block and depreciation / amortisation for the year includes:
Gross Block Depreciation/Amortisation
31.03.2013 31.O3.2O12 31.03.2013 31.O3.2O12
|c||rcmcn| of essc|s 168,194 - 168,194 -
168,194 - 168,194 -
e) hc |o|o|n Compeny hes rccc|vco en op|n|on from |hc |/C of |hc lC/l on eccoun||n |rce|mcn| of cep||e| cxpcno||urc on essc|s no| ovnco cy |hc Compeny vhcrc|n || ves op|nco |he|
such cxpcno||urc erc |o cc cherco |o |hc s|e|cmcn| of pron| & |oss es eno vhcn |ncurrco. hc |o|o|n Compeny hes rcprcscn|co |he| such cxpcno||urc cc|n csscn||e| for sc|||n up of
e procc|, |hc semc cc eccoun|co |n ||nc v||h |hc cx|s||n eccoun||n prec||cc eno souh| e rcv|cv. |cno|n rccc|p| of commun|ce||on from lC/l rcero|n |hc rcv|cv, cx|s||n |rce|mcn|
hes cccn con||nuco es pcr |hc rc|cven| eccoun||n po||cy.
c) hc corrov|n cos|s cep||e||sco our|n |hc ycer cnoco 31
s|
Verch 2O13 |s ` 1,088,716,241 ,prcv|ous ycer ` 248,878,839). hc Compeny cep||e||sco |hc corrov|ns cos|s |n |hc cep||e|
vor|-|n-prorcss ,C\l|). S|m||er|y, cxchenc o|ffcrcnccs for |hc ycer erc o|sc|osco |n |hc '/oo|||on' co|umn of C\l| eno e||oce|co |o ver|ous hceos of C\l| |n |hc ycer of cep||e||se||on
|hrouh '|couc||ons//ous|mcn|' co|umn of C\l|. |xchenc o|ffcrcnccs |n rcspcc| of essc|s e|rceoy cep||e||sco erc o|sc|osco |n |hc '|couc||ons//ous|mcn|' co|umn of nxco essc|s.
/ssc|-v|sc oc|e||s of cxchenc o|ffcrcnccs eno corrov|n cos|s |nc|uoco |n |hc cos| of meor hceos of nxco essc|s eno C\l| |hrouh '/oo|||on' or '|couc||ons//ous|mcn|' co|umn erc
|vcn cc|ov:
st
s|
Verch 2O12
Exch.Difference incl in xed
assets/CWIP
Borrowing Costs incl in xed
assets/CWIP
|xch.||ffcrcncc |nc| |n nxco
essc|s/C\l|
borrov|n Cos|s |nc| |n nxco
essc|s/C\l|
bu||o|n:
Ve|n ||en| - 152,584,301 - -
O|hcrs - 14,900,208 - -
||en| & Vech|ncry 5,71O,3o5 836,297,724 7,439,971 -
VG| rec| eno S|ne|||n sys|cm - 33,714,503 - -
||cc|r|ce| lns|e||e||on - 51,107,848 - -
O|hcrs |nc|uo|n pcno|n e||oce||on - 111,657 - 248,878,839
5,71O,3o5 1,088,716,241 7,439,971 248,878,839
INTANGIBLE ASSETS
Gross Block Amortisation Net Block
Sof|verc 1,O35,89o - 13,o88 1,022,208 5o2,332 311,795 13,o88 860,439 161,769 473,5o4
Total 1,O35,89o - 13,o88 1,022,208 5o2,332 311,795 13,o88 860,439 161,769 473,5o4
|rcv|ous ycer 1,O18,782 17,114 - 1,O35,89o 228,O8o 334,24o - 5o2,332 473,5o4 79O,o9o
Depreciation/amortisation of Tangible and Intangible Assets for the year is allocated as given below:
31.03.2013 31.O3.2O12
7,947,943 12,297,398
8,116,138 12,298,o39
37
th
NOTE NO. 11 CAPITAL WORK-IN-PROGRESS
/moun| |n `
/s e| |couc||ons & As at
O1.O4.2O12 /oo|||ons /ous|mcn|s Cep||e||sco 31.03.2013
|cvc|opmcn| of |eno 25o,O71,988 114,29O,749 - - 370,362,737
|oeos, cr|ocs, cu|vcr|s & hc||peos 135,9o9 2O,35o - - 156,325
bu||o|ns :
Ve|n p|en| o28,9OO,225 1,o99,92o,959 749,o37 - 2,328,077,547
O|hcrs 127,984,31o 193,oo5,o51 57,3o8,175 4o,215,451 218,066,341
cmporery crcc||on 1,471,1oO 391,oO8 - - 1,862,768
\e|cr supp|y, ore|nec eno scvcrec sys|cm 97,537 738,9O7 - - 836,444
VG| |rec| eno s|ne|||n sys|cm 2O4,172,787 244,852,441 - - 449,025,228
||en| eno cqu|pmcn| 2,795,279,388 1O,49o,19O,237 ,58,117,812) - 13,349,587,437
|urn||urc eno nx|urc - o81,o22 - o81,o22 -
|||/\| mech|ncs & se|com cqu|pmcn| - 93o,987 - - 936,987
||cc|r|ce| |ns|e||e||ons 275,714,O52 438,755,4O5 - - 714,469,457
Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc compeny 4o,oO5,449 4,11O,OOO - 31,5o5,449 19,150,000
Suc |o|e| 4,33,o4,32,871 13,194,5oO,922 - 78,4o2,522 17,452,531,271
Survcy, |nvcs||e||on, consu||ency eno supcrv|s|on chercs 785,74o,251 - ,o7,Oo2,398) - 852,808,649
|xpcno||urc our|n cons|ruc||on pcr|oo ,nc|) 94o,558,1O5 1,3o8,oOO,424* o7,Oo2,398 - 2,248,096,131
|css /||oce|co |o rc|e|co vor|s - ,2,248,O9o,131) - - (2,248,096,131)

o,Oo8,737,227 12,315,Oo5,215 - 78,4o2,522 18,305,339,920
Construction stores 2,4OO,918,44o 758,88O,4O4 - - 3,159,798,850
Total 8,4o9,o55,o73 13,O73,945,o19 - 78,4o2,522 21,465,138,770
|rcv|ous ycer 2,327,535,OO7 o,142,12O,ooo - - 8,4o9,o55,o73
NOTE NO. 12 OTHER NON CURRENT ASSETS /moun| |n `
As at 31.03.2013 31.O3.2O12
|cffcrco forc|n currcncy nuc|ue||on essc| * 21,996,078 1o,38O,OoO
21,996,078 1o,38O,OoO
* ln ||nc v||h eccoun||n po||cy |o.|.5 o|sc|osco |n |o|c 1, ocfcrrco forc|n
currcncy nuc|ue||on essc| |o |hc cx|cn| of ` 21,996,078 ,prcv|ous ycer
`1o,38O,OoO) hes cccn meoc.
NOTE NO. 13 LONG TERM LOANS AND ADVANCES
,Cons|ocrco ooo, un|css o|hcrv|sc s|e|co) /moun| |n `
As at 31.03.2013 31.O3.2O12
CAPITAL ADVANCES
Sccurco - -
0nsccurco
Covcrco cy cen| ueren|cc 1,729,277,183 2,897,842,OO1
O|hcrs 759,977,090 o33,O27,934
2,489,254,273 3,53O,8o9,935
SECURITY DEPOSITS ,Unsecured) 7,851,200 7,851,2OO
Total 2,497,105,473 3,538,721,135
NOTE NO. 14 CASH & BANK BALANCES /moun| |n `
As at 31.03.2013 31.O3.2O12
be|enccs v||h cen|s
- Currcn| eccoun|s 146,487,542 27,83o,o4o
- |cpos||s v||h or||ne| me|ur||y up|o
|hrcc mon|hs - 95O,OOO,OOO
Total 146,487,542 977,83o,o4o
NOTE NO. 15 SHORT-TERM LOANS AND ADVANCES
,Cons|ocrco ooo, un|css o|hcrv|sc s|e|co) /moun| |n `
As at 31.03.2013 31.O3.2O12
ADVANCES
|mp|oyccs
0nsccurco 24,432 4O,17O
Con|rec|ors & Supp||crs, |nc|uo|n me|cr|e|
|ssuco on |oen
0nsccurco 65,500 -
Total 89,932 4O,17O
NOTE NO. 16 OTHER CURRENT ASSETS /moun| |n `
As at 31.03.2013 31.O3.2O12
ln|crcs| eccruco on : Shor| crm ocpos||s - 1,1o3,7O1
O|hcr |ccovcrec|c * 2,864,420 988,o38
Total 2,864,420 2,152,339
* O|hcr rccovcrec|c |nc|uocs scrv|cc prov|oco |o |hc o|hcr compeny eno ln|crcs|
on S||.
NOTE NO. 17 OTHER INCOME /moun| |n `
Interest from-Contractors 40,039,152 34,944,144
V|scc||encous |ncomc 4,864,183 1,537,999
44,903,335 3o,482,143
cons|ruc||on pcr|oo ,nc|) - |o|c 21
44,903,335 3o,482,143
Total - -
e) V|scc||encous |ncomc |nc|uocs |ncomc from ||, |ccovcr|cs from Con|rec|or,
||rc Chercs c|c.
NOTE NO. 18 EMPLOYEE BENEFITS EXPENSE /moun| |n `
Se|er|cs eno vecs 174,778,217 118,914,798
197,149,773 138,224,O89
cons|ruc||on pcr|oo ,nc|) - |o|c 21
197,149,773 138,224,O89
Total - -
37
th
e) |mp|oycc ccncn| |nc|uoc `49,592,o17/- ,|rcv|ous /cer: ò,42O,O74/-) occ||co
cy ||C ||o |overos |cevc, supcrennue||on eno o|hcr ccncn|s |n rcspcc| of
cmp|oyccs pos|co on scconomcn| ces|s from |hc ho|o|n compeny |.c. ||C ||o.
c) /|| |hc cmp|oyccs of |hc compeny erc on scconomcn| pos||n from |hc
ho|o|n compeny. |.c. ||C ||o. cxccp| onc cmp|oycc on ocpu|e||on from
V|n|s|ry of |e||veys. Se|er|cs pe|o |o |mp|oyccs on scconomcn| eno o|hcr
ccncn|s |o |hcm hevc cccn cn|crco |n|o |hc boo|s of Compeny on |hc ces|s of
|rensfcr cn|r|cs meoc cy ||C |n |h|s rcero.
NOTE NO. 19 FINANCE COSTS /moun| |n `
Interest on
|upcc |crm |oens 1,127,193,202 313,415,O24
|css: ln|crcs| from Shor| crm |cpos|| 39,540,259 o4,53o,185
1,087,652,943 248,878,839
Comm||mcn| Chercs 1,063,298 -
1,088,716,241 248,878,839
cons|ruc||on pcr|oo ,nc|) - |o|c 21 1,088,716,241 248,878,839
Total - -
NOTE NO. 20 ADMINISTRATION & OTHER EXPENSES /moun| |n `
|ovcr chercs 39,496,217 1o,5o1,298
con|rec|ors & cmp|oyccs 25,298 o4,7OO
39,470,919 1o,49o,598
|cn| 1,094,450 1,791,o54
|css: |ccovcr|cs 53,071 324,449
1,041,379 1,4o7,2O5
bu||o|ns & o|hcrs 10,420,061 5,224,o44
lnsurencc 13,504 2o9,122
||ccnsc |cc 75,000 1OO,OOO
re|n|n & rccru||mcn| cxpcnscs 1,643,171 143,178
|os|ec & c|crem/ cour|cr 256,459 34,OO4
Commun|ce||on cxpcnscs 4,377,125 5,489,94O
revc|||n cxpcnscs 8,742,407 9,983,OO5
cnocr cxpcnscs 1,119,945 2,112,291
|css: |ccc|p| from se|c of |cnocr
oocumcn|s 18,000 54,5OO
1,101,945 2,O57,791
|eymcn| |o euo||ors ,rcfcr
oc|e||s cc|ov) * 114,270 123,O59
/ovcr||scmcn| eno puc||c||y 1,281,538 81,245
Sccur||y cxpcnscs 7,790,529 o,523,O53
|n|cr|e|nmcn| cxpcnscs 1,195,498 1,9o8,81O
|xpcnscs for ucs| housc 591,699 1,3oO,4o7
|css: |ccovcr|cs 7,940 2,8oO
583,759 1,357,oO7
Commun||y ocvc|opmcn| eno
vc|ferc cxpcnscs 3,994,586 1,724,752
boo|s eno pcr|oo|ce|s 69,471 3o,485
consu||ency fccs 10,675,760 o8,717,O84
|ce| cxpcnscs 2,609,909 1,877,547
||| h|rc eno o|hcr chercs 465,127 212,797
|r|n||n eno s|e||oncry 1,178,464 559,o15
||rc cherc of vch|c|cs 11,208,115 o,33O,915
NOTE NO. 20 ADMINISTRATION & OTHER EXPENSES /moun| |n `
||rc cherc of cons|ruc||on
|qu|pmcn| 33,000 11,OOO
|G Sc| opcre||n cxpcnscs 3,528,475 9,793,298
|urn|sh|n cxpcnscs 116,321 4,42O
||r|n Cherc- Ofncc |qu|pmcn| 270,500 33,887
|or||cu||urc cxpcnscs 24,620 1o,451
ben| chercs 7,848,757 2,479,524
|c| |oss |n forc|n currcncy |rensec||ons &
|rens|e||ons 5,616,018 1o,38O,OoO
V|scc||encous cxpcnscs 1,034,111 1,149,o2o
126,780,798 1oO,o4o,722
|css: rensfcrrco |o ocfcrrco forc|n currcncy
nuc|ue||on essc|/||ec||||y 5,616,018 1o,38O,OoO
cons|ruc||on pcr|oo ,nc|) - |o|c 21 119,521,609 144,123,484
Total 1,643,171 143,178
* |c|e||s |n rcspcc| of peymcn| |o euo||ors:
As auditor - Audit fee 80,000 4O,OOO
ln o|hcr Cepec||y -O|hcr
scrv|ccs ,ccr||nce||on fccs)
25,000 -
|c|mcurscmcn| of cxpcnscs - 78,115
|c|mcurscmcn| of scrv|cc |ex 9,27O 4,944
114,27O 114,270 123,O59
NOTE NO. 21 EXPENDITURE DURING CONSTRUCTION PERIOD (NET) /moun| |n `
Se|er|cs eno vecs 174,778,217 118,914,798
Total (A) 197,149,773 138,224,O89
B. Finance costs
ln|crcs| on |upcc crm |oen 1,087,652,943 248,878,839
O|hcr borrov|n cos|s -
Comm||mcn| Cherc 1,063,298 -
Total (B) 1,088,716,241 248,878,839
C. Depreciation and amortisation 8,116,136 12,297,398
D. Administration and other expenses
|ovcr chercs 39,496,217 1o,5o1,298
con|rec|ors & cmp|oyccs 25,298 o4,7OO
39,470,919 1o,49o,598
|cn| 1,041,379 1,4o7,2O5
bu||o|ns & O|hcrs 10,420,061 5,224,o44
lnsurencc 13,504 2o9,122
||ccnsc |cc 75,000 1OO,OOO
|os|ec & c|crem/ Cour|cr 256,459 34,OO4
Commun|ce||on cxpcnscs 4,377,125 5,489,94O
revc|||n cxpcnscs 8,742,407 9,983,OO5
cnocr cxpcnscs 1,119,945 2,112,291
|css: |ccc|p| from se|c of
|cnocr oocumcn|s 18,000 54,5OO
1,101,945 2,O57,791
|eymcn| |o /uo||ors 114,270 123,O59
/ovcr||scmcn| eno puc||c||y 1,281,538 81,245
Sccur||y cxpcnscs 7,790,529 o,523,O53
37
th
NOTE NO. 21 EXPENDITURE DURING CONSTRUCTION PERIOD (NET) /moun| |n `
|n|cr|e|nmcn| cxpcnscs 1,195,498 1,9o8,81O
|xpcnscs for Gucs| housc 583,759 1,357,oO7
eno vc|ferc cxpcnscs 3,994,586 1,724,752
boo|s eno pcr|oo|ce|s 69,471 3o,485
consu||ency fcc 10,675,760 o8,717,O84
|ce| cxpcnscs 2,609,909 1,877,547
||| ||rc eno o|hcr chercs 465,127 212,797
|r|n||n eno s|e||oncry 1,178,464 559,o15
||rc Chercs of vch|c|c 11,208,115 o,33O,915
||rc cherc of cons|ruc||on
|qu|pmcn| 33,000 11,OOO
|G Sc| opcre||n cxpcnscs 3,528,475 9,793,298
|urn|sh|n cxpcnscs 116,321 4,42O
||r|n Cherc- Ofncc
|qu|pmcn| 270,500 33,887
|or||cu||urc |xpcnscs 24,620 1o,451
ben| Chercs 7,848,757 2,479,524
V|scc||encous cxpcnscs 1,034,111 1,149,o2o
Total (D) 119,521,609 144,123,484
Total (A+B+C+D) 1,413,503,759 543,523,81O
ln|crcs| from con|rec|ors 40,039,152 34,944,144
V|scc||encous |ncomc 4,864,183 1,537,999
Total (E) 44,903,335 3o,482,143
Grand total (A+B+C+D-E) 1,368,600,424
*
5O7,O41,oo7
* be|encc cerr|co |o cep||e| vor|-|n-prorcss - ,|o|c 11)
22 |rcv|ous ycer nurc hes cccn rcroupco / rcerrenco vhcrcvcr cons|ocrco
ncccssery.
23 /moun| |n |hc nnenc|e| s|e|cmcn|s erc prcscn|co |n ` .
24 e) Ccr|e|n |oens & eovenccs eno crco||ors, so fer es |hcsc hevc s|ncc no|
cccn rce||sco/o|scherco or eous|co erc succc| |o connrme||on/
rcconc|||e||on eno conscqucn| eous|mcn|, |f eny.
c) ln |hc op|n|on of |hc menecmcn|, |hc ve|uc of essc|s, o|hcr |hen nxco
essc|s eno non-currcn| |nvcs|mcn|s, on rce||se||on |n |hc oro|nery coursc
of cus|ncss, v||| no| cc |css |hen |hc ve|uc e| vh|ch |hcsc erc s|e|co |n |hc
be|encc Shcc|.
25 Disclosure as per Accounting Standard - 16 on Borrowing Costs
borrov|n cos|s cep||e||sco our|n |hc ycer erc ` 1,088,716,241 ,prcv|ous
ycer ` 248,878,839)
2o Disclosure as per Accounting Standard - 19 on Leases
|xpcnscs on opcre||n |cescs of |hc prcm|scs for rcs|ocn||e| usc of |hc
cmp|oyccs emoun||n |o ` 7,528,156 ,prcv|ous ycer: ` o,79o,934) erc
|nc|uoco |n |cn| |cesc /ccommooe||on'. S|m||er|y, |cesc peymcn|s |n rcspcc|
of prcm|scs for ofncc/|rens|| eccommooe||on erc shovn es |cn| ` 1,094,450
,|rcv|ous ycer ` 1,791,o54) |n |o|c-2O /om|n|s|re||on eno o|hcr cxpcnscs'.
27 Disclosure as per Accounting Standard - 20 on Earnings Per Share
hc c|cmcn|s cons|ocrco for ce|cu|e||on of |ern|n |cr Sherc ,bes|c eno
|c| pron| ef|cr |ex usco es numcre|or - ` (1,643,171) ,143,178)
\c|h|co evcrec numccr of cqu||y
shercs usco es ocnom|ne|or for bes|c ||S 6,884,600,000 532,115,OOO
|ern|n pcr sherc -bes|c (0.00) ,O.OO)
|ern|n pcr sherc -|||u|co (0.00) ,O.OO)
|ecc ve|uc pcr sherc - ` 10/- 1O/-

28 Foreign currency exposure not hedged by a derivative instrument or
otherwise:
|er||cu|ers Currcnc|cs /moun| |n `
31.03.2013 31.O3.2O12
Sunory crco||ors/ocpos||s
eno rc|cn||on mon|cs
0S| - -
|0|O 824,829,460 72O,339,448
0ncxccu|co emoun| of
con|rec|s rcme|n|n |o cc
cxccu|co
0S| 71,886,031 o7,591,982
|0|O 5,033,042,114 o,21o,o5o,o88

29 besco on |nforme||on eve||ec|c v||h |hc Compeny, |hcrc erc no supp||crs/
con|rec|ors/scrv|cc prov|ocrs vho erc rc|s|crco es m|cro, sme|| or mco|um,
cn|crpr|sc unocr hc V|cro, Sme|| eno Vco|um |n|crpr|scs |cvc|opmcn| /c|,
2OOo.
3O Contingent liability:
e) C|e|ms ee|ns| |hc Compeny no| ec|nov|coco es occ|s |s ` 4,693,120
,|rcv|ous ycer: |||) |overos |cesc rcn| of ofncc eno rcs|ocn||e| prcm|scs e|
|e|m|eneer.
c) |cmeno no||cc rccc|vco from |hc commcrc|e| |ex ofncc, /ureneceo,
b|her for ` 1,405,404,683 ,|rcv|ous /cer: |||) on eccoun| of pcne||y eno
|n|crcs| unocr b|her |n|ry ex /c| for |hc |/ 2O1O-11, 2O11-12 & 2O12-13.
|cv|s|on pc||||on hes cccn n|co ccforc |hc cour| of Comm|ss|oncr of
Commcrc|e| excs, |e|ne for ve|vcr of |n|crcs| eno pcne||y |mposco vh|ch
|s sucuo|cc.
31 Capital and other commitments
|s||me|co emoun| of con|rec|s rcme|n|n |o cc cxccu|co on cep||e| eccoun|
eno no| prov|oco for es e| 31
s|
Verch 2O13 |s ` 29,752,263,794/- ,prcv|ous
ycer ` 38,1O8,971,275).
32 Other disclosures as per Schedule VI of the Companies Act, 1956
/moun| |n `
|er||cu|ers Currcn|
ycer
|rcv|ous
/cer
e) ve|uc of |mpor|s ce|cu|e|co on Cl| ces|s:
Cep||e| ooos ||| |||
Sperc per|s ||| |||
c) |xpcno||urc |n forc|n currcncy
|rofcss|one| eno consu||ency fcc ||| |||
ln|crcs| ||| |||
O|hcrs 18,12O |||
c) ve|uc of componcn|s, s|orcs eno sperc
per|s consumco ,|nc|uo|n fuc|):
Current Year |rcv|ous ycer
%ec /moun| %ec /moun|
lmpor|co ||| ||| ||| |||
lno|cnous ||| ||| ||| |||
Currcn|
ycer
|rcv|ous
ycer
o) |ern|ns |n forc|n cxchenc ||| |||
|rofcss|one| & consu||ency fcc ||| |||
O|hcrs ||| |||
(K. K. Singh)
(S. K. Saxena)
||rcc|or
(B. P. Singh)
Che|rmen
hcsc erc |hc no|cs rcfcrrco |o |n be|encc Shcc| eno S|e|cmcn| of |ron| eno |oss
Vencc| |e| |esr|che
V.|o. 51oo12
||ecc : |cv |c|h|
|e|co : 7
|h
Vey 2O13
37
th
INDEPENDENT AUDITORS REPORT
TO
THE MEMBERS OF BHARTIYA RAIL BIJLEE COMPANY LIMITED
Report on the nancial statements
\c hevc euo||co |hc eccompeny|n nnenc|e| s|e|cmcn|s of M/s BHARTIYA RAIL
BIJLEE COMPANY LIMITED, vh|ch compr|sc |hc ce|encc shcc| es e| 31 March
2013, eno |hc s|e|cmcn| of |hc pron| eno |oss eno |hc cesh nov s|e|cmcn| for |hc
ycer |hcn cnoco, eno e summery of |hc s|n|ncen| eccoun||n po||c|cs eno o|hcr
cxp|ene|ory |nforme||on.
Managements responsibility for the nancial statements
Venecmcn| |s rcspons|c|c for |hc prcpere||on of |hcsc nnenc|e| s|e|cmcn|s |he| |vc
e |ruc eno |hc fe|r v|cv of |hc nnenc|e| pos|||on, nnenc|e| pcrformencc eno cesh novs
of |hc compeny |n eccoroencc v||h |hc eccoun||n pr|nc|p|cs cncre||y ecccp|co
|n lno|e, |nc|uo|n eccoun||n s|enoeros rcfcrrco |o |n suc scc||on ,3C) of scc||on
211 of |hc Compen|cs /c|, 195o,|hc /c|'). h|s rcspons|c||||y |nc|uocs |hc ocs|n,
|mp|cmcn|e||on eno me|n|cnencc of |n|crne| con|ro| rc|cven| |o |hc prcpere||on eno
prcscn|e||on of |hc nnenc|e| s|e|cmcn|s |he| |vc e |ruc eno fe|r v|cv eno frcc from
me|cr|e| m|ss|e|cmcn|, vhc|hcr ouc |o freuo or crror.
Auditors responsibility
|ssuco cy lns|||u|c of Cher|crco /ccoun|en| of lno|e. hosc s|enoeros rcqu|rc |he| vc
comp|y v||h |hc c|h|ce| rcqu|rcmcn|s eno p|en eno pcrform |hc euo|| |o oc|e|n |hc
m|ss|e|cmcn|s.
/n euo|| |nvo|vcs pcrform|n proccourcs |o oc|e|n euo|| cv|ocncc ecou| |hc emoun|s
eno o|sc|osurcs |n |hc nnenc|e| s|e|cmcn|s. hc proccourcs sc|cc|co ocpcno on |hc
euo||or's uomcn|, |nc|uo|n esscssmcn| of r|s|s of me|cr|e| m|ss|e|cmcn| of |hc
nnenc|e| s|e|cmcn|s, vhc|hcr ouc |o freuo or crror. ln me||n |hosc r|s| esscssmcn|s,
|hc euo||or cons|ocrs |n|crne| con|ro| rc|cven| |o |hc compeny's prcpere||on eno fe|r
prcscn|e||on of |hc nnenc|e| s|e|cmcn|s |n orocr |o ocs|n euo|| proccourcs |he| erc
eppropr|e|c |n |hc c|rcums|enccs, cu| no| for |hc purposc of cxprcss|n en op|n|on
on |hc cffcc||vcncss of |hc compeny's |n|crne| con|ro|. /n euo|| e|so |nc|uocs
cve|ue||n |hc eppropr|e|cncss of eccoun||n po||c|cs usco eno |hc rcesonec|cncss
of |hc eccoun||n cs||me|cs meoc cy |hc menecmcn|, es vc|| es cve|ue||n |hc
ovcre|| prcscn|e||on of |hc nnenc|e| s|e|cmcn|s.
|o prov|oc e ces|s for euo|| op|n|on.
Opinion
ln our op|n|on eno ccs| |o our |nforme||on eno eccoro|n |o |hc cxp|ene||ons |vcn
|o us, |hc nnenc|e| s|e|cmcn|s |vc |hc |nforme||on rcqu|rco cy /c| |n |hc menncr so
rcqu|rc eno |vc e |ruc eno fe|r v|cv |n conform||y v||h |hc eccoun||n pr|nc|p|cs
cncre||y ecccp|co |n lno|e:
e. ln |hc cesc of |hc ce|encc shcc|, of |hc s|e|c of |hc effe|rs of |hc compeny es e|
31 Verch 2O13
c. ln cesc of |hc s|e|cmcn| of |hc pron| eno |oss, of |hc |oss for |hc ycer cnoco on
|he| oe|c, eno
c. ln cesc of |hc cesh nov s|e|cmcn|, of |hc cesh novs for |hc ycer cnoco on |he|
oe|c.
Report on other legal and the regulatory requirements:
1. /s rcqu|rco cy |hc Compen|cs ,/uo||or's |cpor|) Orocr, 2OO3,|hc Orocr')
|ssuco cy |hc Ccn|re| Govcrnmcn| of lno|e |n |crms of suc-scc||on ,4/) of
scc||on 227 of |hc /c|, vc |vc |hc /nncxurc e s|e|cmcn| on |hc, menncrs
spcc|nco |n |hc pererephs 4 eno 5 of |hc orocr.
e. \c hevc oc|e|nco e|| |hc |nforme||on eno cxp|ene||ons vh|ch |vc |o |hc
ccs| of our |nov|coc vcrc ncccssery for |hc purposc of our euo||.
c. ln our op|n|on propcr coo|s of eccoun| es rcqu|rco cy |ev hevc cccn
|cp| cy |hc compeny so fer es eppcers from our cxem|ne||on of |hosc
coo|s.
c. h|s C|eusc |s no| epp||cec|c es b|/|l// |/l| bl!||| COV|/|/ |lVl||
hes no brench.
o. hc ce|encc shcc|, s|e|cmcn| of pron| eno |oss eno cesh nov s|e|cmcn|
oce|| v||h cy |h|s rcpor| erc |n erccmcn| v||h |hc coo|s of eccoun|s.
c. ln our op|n|on, |hc ce|encc shcc|, s|e|cmcn| of pron| eno |oss, eno cesh
nov s|e|cmcn| comp|y v||h |hc eccoun||n s|enoeros rcfcrrco |o |n suc-
scc||on ,3C) of scc||on211 of Compen|cs /c|, 195o.
f. On |hc ces|s of |hc vr|||cn rcprcscn|e||ons rccc|vco from |hc o|rcc|ors es
on 31 Verch 2O13, eno |e|cn on rccoro cy |hc boero of ||rcc|ors, nonc of
|hc o|rcc|ors |s o|sque||nco es on 31 Verch 2O13, from cc|n eppo|n|co
es e o|rcc|or |n |crms of |hc c|eusc,) of suc scc||on,1) of scc||on 274 of
|hc Compen|cs /c|, 195o.
For I.P. Pasricha & Co.
FRN No. 000120N
CA Maneet Pal Singh
Partner
M.No. 516612
||ecc : |cv |c|h|
|e|c : 7
|h
Vey 2O13
ANNEXURE REFERRED TO IN PARAGRAPH 1 UNDER THE HEADING REPORT ON
OTHER LEGAL AND REGULATORY REQUIREMENTS OF OUR REPORT OF EVEN DATE
|c:
|. hc compeny hes me|n|e|nco propcr rccoros shov|n fu|| per||cu|ers,
||xco essc|s hevc no| cccn phys|ce||y vcr|nco cy |hc menecmcn| our|n |hc
ycer es pcr |hc rcu|er po||cy of |hc ho|o|n compeny |.c. ||C ||o.
ln our op|n|on eno eccoro|n |o |hc |nforme||on eno cxp|ene||on |vcn |o us,
|hcrc ves no o|spose| of e sucs|en||e| per| of |hc nxco essc|s our|n |hc ycer.
||. hc compeny oocs no| hevc |nvcn|ory. /ccoro|n|y, |hc prov|s|on of c|eusc
4,||) ,c) & ,c) of |hc Compen|cs ,/uo||or's |cpor|) Orocr, 2OO3 erc no|
|||. /ccoro|n |o |hc |nforme||on eno |hc cxp|ene||ons |vcn |o us, |hc compeny
hes no| ren|co eny |oens, sccurco or unsccurco |o compen|cs, nrms or o|hcr
/c|, 195o. /ccoro|n|y, |hc prov|s|ons of c|eusc4 ,|||),e) |o ,o) of |hc orocr erc
no| epp||cec|c |o |hc compeny eno hcncc no| commcn|co upon.
/ccoro|n |o |hc |nforme||on eno |hc cxp|ene||ons |vcn |o us, |hc compeny
hes no| |e|cn eny |oens, sccurco or unsccurco from compen|cs, nrms or o|hcr
/c|, 195o. /ccoro|n|y, |hc prov|s|ons of c|eusc4 ,|||),c)|o ,) of |hc Orocr erc
no| epp||cec|c |o |hc compeny eno hcncc no| commcn|co upon.
|ovcvcr, Sherc Cep||e| |cpos|| s|||| hes e uneous|co ce|encc of ` 83 crorcs es
on Verch 31
s|
, 2O13 ee|ns| vh|ch no sherc hevc cccn e||o||co cy compeny so
fer.
|v. ln our op|n|on eno eccoro|n |o |hc |nforme||on eno |hc cxp|ene||ons |vcn |o
us, |hcrc |s en eocque|c |n|crne| con|ro| sys|cm commcnsure|c v||h |hc s|zc
of |hc compeny eno |hc ne|urc of ||s cus|ncss v||h |hc rcero |o |hc purchesc
of nxco essc|s. hc compeny hes no| meoc eny purchesc / se|c of ooos.
|ur|n |hc coursc of our euo||, vc hevc no| ocscrvco eny meor vce|ncss or
con||nu|n fe||urc |o corrcc| eny meor vce|ncss or con||nu|n fe||urc |n |hc
|n|crne| con|ro| sys|cm of |hc compeny |n rcspcc| of |hcsc erces.
v. /ccoro|n |o |hc |nforme||on |vcn |o us, |hcrc erc no |rensec||ons |he| ncco |o
cc cn|crco |n rc|s|cr me|n|e|nco u/s 3O1 of |hc Compen|cs /c|, 195o.
v|. /ccoro|n |o |hc |nforme||on eno cxp|ene||ons |vcn |o us, |hc Compeny hes
no| ecccp|co eny ocpos||s unocr |hc prov|s|ons of scc||on 58/ eno 58// of
|hc Compen|cs /c|, 195o eno |hc Compen|cs ,/cccp|encc of |cpos||) |u|cs,
1975.
v||. hc compeny hes no |n|crne| euo|| sys|cm. |ovcvcr, ln|crne| /uo|| |s cc|n
conouc|co cy |hc !e| |re|esh ve|chev & /ssoc|e|cs.
v|||. hc me|n|cnencc of cos| rccoros unocr c|eusc ,o) of suc scc||on ,1) of scc||on
2O9 of |hc ec| |s no| epp||cec|c |o |hc compeny s|ncc || hes no| commcncco
eny ec||v||y rc|e|co |o |hc cncre||on of c|cc|r|c||y.
|x. e) /ccoro|n |o |nforme||on eno cxp|ene||ons |vcn |o us, no uno|spu|co
emoun|s peyec|c |n rcspcc| of |hc prov|ocn| funo, |nvcs|or couce||on
eno |hc pro|cc||on funo, cmp|oyccs' s|e|c |nsurencc, |ncomc |ex, vce||h
|ex, scrv|cc |ex, se|cs |ex, cus|om ou|y, cxc|sc ou|y, ccss eno o|hcr
me|cr|e| s|e|u|ory oucs vh|ch vcrc ou|s|eno|n, e| |hc ycer cno, for e
pcr|oo of morc |hen s|x mon|hs from |hc oe|c |hcy cccemc peyec|c es
e| 31
s|
Verch, 2O13.
c) ln our op|n|on eno eccoro|n |o |hc |nforme||on & cxp|ene||ons |vcn
|o us, |hcrc erc no oucs |n rcspcc| of vce||h |ex, scrv|cc |ex, |ncomc-
37
th
|ex, cus|om ou|y, cxc|sc ou|y eno ccss |he| hevc no| cccn ocpos||co
v||h eppropr|e|c eu|hor||y on eccoun| of eny o|spu|c cxccp| |hc oucs of
` 14O.54 Crorcs |n rcspcc| of se|cs |ex ,|n|ry ex) for |hc pcr|oo 2O1O-11
|o 2O12-13 eno |hc semc hevc no| cccn ocpos||co v||h |hc eppropr|e|c
eu|hor||y on eccoun| of o|spu|c vh|ch |s pcno|n |n rcv|s|on pc||||on
ccforc |hc Cour| of Comm|ss|oncr of Commcrc|e| excs, |e|ne.
x. hc compeny hes eccumu|e|co |osscs ` o9,O5,337 ,|nc|uo|n currcn| ycers'
|oss) e| |hc cno of |hc nnenc|e| ycer. Compeny hes |ncurrco ` 1o,43,171
cesh |oss |n |hc currcn| nnenc|e| ycer. hc nc| vor|h of |hc compeny |s
` 7,7O,77,33,oo3 eno eccumu|e|co |oss |s O.OOO89% of nc| vor|h.
x|. besco on our euo|| proccourcs eno es pcr |hc |nforme||on eno cxp|ene||ons
|vcn cy |hc menecmcn|, vc erc of |hc op|n|on |he| |hc compeny hes no|
ocfeu||co |n rcpeymcn| of oucs |o e nnenc|e| |ns|||u||on eno cen|.
x||. /ccoro|n |o |hc |nforme||on eno |hc cxp|ene||ons |vcn |o us eno cesco
on |hc oocumcn|s eno rccoros prooucco ccforc us, |hc compeny hes no|
ren|co |oens eno eovenccs on |hc ces|s of sccur||y cy vey of p|coc of
x|||. ln our op|n|on, |hc compeny |s no| e ch|| funo or e n|oh|/mu|ue| ccncn| funo/
soc|c|y. hcrcforc, |hc prov|s|ons of c|eusc 4,x|||) of |hc Compen|cs ,/uo||or's
|cpor|) Orocr, 2OO3 ,es emcnoco) erc no| epp||cec|c |o |hc compeny.
x|v. ln our op|n|on, |hc compeny |s no| oce||n |n or |reo|n |n shercs, sccur|||cs,
occcn|urcs or o|hcr |nvcs|mcn|s. /ccoro|n|y, |hc prov|s|ons of c|eusc 4,x|v)
of |hc Compen|cs ,/uo||or's |cpor|) Orocr, 2OO3,es emcnoco) erc no|
xv. /ccoro|n |o |hc |nforme||on eno |hc cxp|ene||ons |vcn |o us, |hc compeny
hes no| |vcn eny ueren|ccs for |oens |e|cn cy o|hcrs from cen|s or nnenc|e|
|ns|||u||ons.
xv|. besco on |hc |nforme||on eno cxp|ene||ons |vcn |o us cy |hc menecmcn|,
|crm |oens vcrc epp||co for |hc purposc for vh|ch |hc |oens vcrc oc|e|nco.
xv||. /ccoro|n |o |hc |nforme||on eno |hc cxp|ene||ons |vcn |o us eno on ovcre||
cxem|ne||on of |hc ce|encc shcc| of |hc compeny vc rcpor| |he| no funos
re|sco on shor| |crm ces|s hevc cccn usco for |on |crm |nvcs|mcn|.
xv|||. hc compeny hes no| meoc eny prcfcrcn||e| e||o|mcn| of shercs |o per||cs or
compen|cs covcrco |n |hc rc|s|cr me|n|e|nco unocr scc 3O1 of |hc compen|cs
/c|,195o.
x|x. h|s c|eusc |s no| epp||cec|c |o |hc compeny es |hc compeny oocs no| hevc
eny sccurco/ unsccurco conos or occcn|urcs.
xx. h|s c|eusc |s no| epp||cec|c |o |hc compeny es compeny hes no| meoc eny
pr|ve|c p|eccmcn| / r|h| |ssuc / puc||c |ssuc.
xx|. besco upon |hc euo|| proccourcs pcrformco for |hc purposc of rcpor||n |hc
|ruc eno fe|r v|cv of |hc nnenc|e| s|e|cmcn|s eno es pcr |hc |nforme||on eno |hc
cxp|ene||ons |vcn cy |hc menecmcn|, vc rcpor| |he| no freuo on or cy |hc
compeny hes cccn no||cco or rcpor|co our|n |hc ycer.
For I.P. Pasricha & Co.
FRN No. 000120N
CA Maneet Pal Singh
Partner
M.No. 516612
||ecc : |cv |c|h|
|e|c : 7
|h
Vey 2O13
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 619 (4) OF THE COMPANIES ACT, 1956, ON THE ACCOUNTS OF BHARTIYA
RAIL BIJLEE COMPANY LIMITED, NEW DELHI FOR THE YEAR ENDED 31 MARCH 2013.
hc prcpere||on of nnenc|e| s|e|cmcn|s of bher||ye |e|| b||cc Compeny ||m||co, |cv |c|h|, for |hc ycer cnoco 31 Verch 2O13 |n eccoroencc v||h |hc nnenc|e| rcpor||n
fremcvor| prcscr|cco unocr |hc Compen|cs /c|, 195o, |s |hc rcspons|c||||y of |hc menecmcn| of |hc Compeny. hc s|e|u|ory euo||ors eppo|n|co cy |hc Comp|ro||cr eno
/uo||or Gcncre| of lno|e unocr Scc||on o19,2) of |hc Compen|cs /c|, 195o, erc rcspons|c|c for cxprcss|n op|n|on on |hcsc nnenc|e| s|e|cmcn|s unocr Scc||on 227 of |hc
Compen|cs /c|, 195o, cesco on |nocpcnocn| euo|| |n eccoroencc v||h |hc euo|||n eno essurencc s|enoeros prcscr|cco cy |hc|r profcss|one| cooy, |hc lns|||u|c of Cher|crco
/ccoun|en|s of lno|e. h|s |s s|e|co |o hevc cccn oonc cy |hcm v|oc |hc|r /uo|| |cpor| oe|co O7 Vey 2O13 eno corr|cnoum oe|co 11 !unc 2O13.
l, on cche|f of |hc Comp|ro||cr eno /uo||or Gcncre| of lno|e, hevc conouc|co e supp|cmcn|ery euo|| unocr scc||on o19,3) ,c) of |hc Compen|cs /c|, 195o of nnenc|e|
s|e|cmcn| of bher||ye |e|| b||cc Compeny ||m||co, |cv |c|h| for |hc ycer cnoco 31 Verch 2O13. h|s supp|cmcn|ery euo|| hes cccn cerr|co ou| |nocpcnocn||y v||hou|
ecccss |o |hc vor||n pepcrs of |hc s|e|u|ory euo||ors eno |s ||m||co pr|mer||y |o |nqu|r|cs of |hc s|e|u|ory euo||ors eno compeny pcrsonnc| eno e sc|cc||vc cxem|ne||on
of somc of |hc eccoun||n rccoros. On |hc ces|s of my euo|| no|h|n s|n|ncen| hes comc |o my |nov|coc vh|ch vou|o |vc r|sc |o eny commcn| upon or supp|cmcn|
|o S|e|u|ory /uo||ors' rcpor| unocr Scc||on o19,4) of |hc Compen|cs /c|, 195o.
||ecc : |cv |c|h|
|e|co : 13
|h
!unc 2O13
,br| Vohen)
|r|nc|pe| ||rcc|or of Commcrc|e| /uo|| eno
|x-ofnc|o Vcmccr /uo|| boero-lll, |cv |c|h|
37
th
CONSOLIDATED BALANCE SHEET AS AT
` Crorc
Shareholders funds
Sherc cep||e| 2 8,245.46 8,245.4o
|cscrvcs eno surp|us 3 72,995.49 oo,O3O.35
81,240.95 74,275.81
Deferred revenue 4 1,244.05 1,43O.Oo
Fly ash utilisation fund 234.93 12o.98
Minority interest 644.81 595.59
|on-|crm corrov|ns 5 64,587.72 54,851.94
|cfcrrco |ex ||ec|||||cs ,nc|) o 1,080.72 7o4.49
O|hcr |on |crm ||ec|||||cs 7 2,213.81 1,791.57
|on-|crm prov|s|ons 8 761.20 o23.49
68,643.45 58,O31.49
Current liabilities
Shor|-|crm corrov|ns 5/ 382.16 15O.1o
reoc peyec|cs 9 5,888.67 5,O37.97
O|hcr currcn| ||ec|||||cs 1O 13,142.54 12,195.79
Shor|-|crm prov|s|ons 11 7,289.02 3,411.O9
26,702.39 2O,795.O1
TOTAL 178,710.58 155,254.94
ASSETS
Non-current assets
Gooov||| on conso||oe||on 0.62 O.o2
||xco essc|s
en|c|c essc|s 12 71,578.34 5O,913.47
ln|en|c|c essc|s 12 253.75 217.4O
Cep||e| vor|-|n-prorcss 13 46,553.36 5O,39o.99
ln|en|c|c essc|s unocr ocvc|opmcn| 13 1.28 1.27
|on-currcn| |nvcs|mcn|s 14 3,300.42 4,922.88
|on-|crm |oens eno eovenccs 15 11,058.65 o,21o.O5
O|hcr non-currcn| essc|s 15/ 1,145.49 1,375.1o
133,891.91 114,O43.84
Current assets
Currcn| |nvcs|mcn|s 1o 1,622.46 1,o22.4o
lnvcn|or|cs 17 4,575.78 4,177.91
reoc rccc|vec|cs 18 6,096.64 o,o81.O2
Cesh eno cen| ce|enccs 19 18,738.12 18,O87.39
Shor|-|crm |oens eno eovenccs 2O 1,718.30 1,o7o.oo
O|hcr currcn| essc|s 21 12,067.37 8,9o5.oo
44,818.67 41,211.1O
TOTAL 178,710.58 155,254.94
, /.|.|es|o|) ,/.|.S|nhe|) ,/rup |oy Chouohury)
h|s |s |hc be|encc Shcc| rcfcrrco |o |n our rcpor| of cvcn oe|c
|or O. |. be|e & Co. |or |.|.Son| & Co. |or ||| Sr|oher & Sen|henem
V |o. O87537 V |o. O94227 V |o. O25973
|or v. Sen|er /|yer & Co. |or |emcsh C. /reve| & Co. |or /.|. & Co.
,V.S.be|echenoren) ,Von||e /reve|) ,|recuoohe Gup|e)
V |o. O24282 V |o. O937o9 V.|o. 4OO189
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O13
37
th
h|s |s |hc S|e|cmcn| of |ron| eno |oss rcfcrrco |o |n our rcpor| of cvcn oe|c
V |o. O87537 V |o. O94227 V |o. O25973
V |o. O24282 V |o. O937o9 V.|o. 4OO189
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O13
CONSOLIDATED STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED
` Crorc
|cvcnuc from opcre||ons ,ross) 22 69,948.38 oo,3o5.89
|css: ||cc|r|c||y ou|y / |xc|sc ou|y 571.56 472.o4
|cvcnuc from opcre||ons ,nc|) 69,376.82 o5,893.25
O|hcr |ncomc 23 3,163.97 2,949.23
Total revenue 72,540.79 o8,842.48
Expenses
|uc| 42,827.77 43,3O2.oo
||cc|r|c||y purchesco 15.33 9.O9
|mp|oycc ccncn|s cxpcnsc 24 3,551.38 3,2oO.9o
Cos| of me|cr|e| eno scrv|ccs 312.24 325.18
||nencc cos|s 25 2,480.54 2,134.72
|cprcc|e||on eno emor||se||on cxpcnsc 12 3,823.22 3,1O7.O9
Gcncre||on, eom|n|s|re||on & o|hcr cxpcnscs 2o 4,521.43 3,881.58
|r|or pcr|oo ||cms ,nc|) 27 (33.78) ,31o.Oo)
Total expenses 57,498.13 55,7O5.22
Prot before tax and exceptional items 15,042.66 13,137.2o
|xccp||one| ||cms 33 1,568.29 -
Prot before tax 16,610.95 13,137.2o
Tax expense
Currcn| |ex
Currcn| ycer 3,905.82 31Oo.33
|er||cr ycers (162.01) 154.84
|cfcrrco |ex
Currcn| ycer 316.23 38o.o3
|er||cr ycers - ,293.9O)
|css : V/ crco|| rccovcrec|c 35.31 31.3O
Total tax expense 4,024.73 3,322.oO
Prot after tax 12,586.22 9,814.oo
|css: Sherc of |ron| /,|oss)-V|nor||y |n|crcs| (4.56) 1.87
Group prot after tax 12,590.78 9,812.79
|xpcno||urc our|n cons|ruc||on pcr|oo ,nc|) 28
|ern|ns pcr cqu||y sherc ,|er ve|uc of ` 1O/- cech) 45
bes|c 15.27 11.9O
|||u|co 15.27 11.9O
hcrc erc no cx|reoro|nery ||cms |n |hc ecovc pcr|oos.
o|e| |cvcnuc |nc|uocs ` 3,653.98 crore ,prcv|ous ycer ` 3,oo2.27 crorc) sherc of o|n||y con|ro||co cn||||cs.
o|e| |xpcno||urc |nc|uocs ` 3,492.62 crore ,prcv|ous ycer ` 3,O25.57 crorc) sherc of o|n||y con|ro||co cn||||cs.
hc pron| ef|cr |ex |s |nc|us|vc of ` 75.35 crore ,prcv|ous ycer ` 47o.88 crorc) |overos sherc of o|n||y con|ro||co cn||||cs.
37
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NTPC Limited Consolidated Financial Statements
CASH FLOW STATEMENT ` Crorc
For the Year ended March 31, 2013 2O12
Net Prot before tax 16,610.95 13,137.2o
Adjustment for:
|cprcc|e||on//mor||se||on 3,823.22 3,1O7.O9
|r|or pcr|oo ocprcc|e||on/emor||se||on 3.93 ,O.43)
|rov|s|ons 209.22 75.83
|cfcrrco rcvcnuc on eccoun| of eovencc ee|ns| ocprcc|e||on (9.87) ,73.58)
|cfcrrco |orc|n Currcncy ||uc|ue||on /ssc|/||ec||||y 238.75 ,87o.83)
|cfcrrco lncomc from forc|n currcncy nuc|ue||on 79.56 792.OO
ln|crcs| chercs 2,457.80 2,1O3.98
Gueren|cc |cc & o|hcr ||nencc chercs 22.74 3O.74
ln|crcs|/lncomc on |crm ocpos||/conos/lnvcs|mcn| (2,475.64) ,2,381.51)
||v|ocno lncomc (217.79) ,151.71)
|rov|s|ons \r|||cn bec| (845.42) ,317.32)
3,286.50 2,3O8.2o
Operating Prot before Working Capital Changes 19,897.45 15,445.52
Adjustment for:
reoc rccc|vec|cs 1,417.14 ,3,4OO.O3)
lnvcn|or|cs (186.21) ,9o.95)
reoc peyec|cs, prov|s|ons eno o|hcr ||ec|||||cs 1,778.39 858.9o
|oens & /ovenccs eno o|hcr currcn| essc|s (3,419.45) ,198.84)
(410.13) ,2,83o.8o)
Cash generated from operations 19,487.32 12,oO8.oo
||rcc| excs |e|o (2,979.54) ,1,211.7O)
Net Cash from Operating Activities - A 16,507.79 11,39o.9o
|urchesc of ||xco /ssc|s (20,405.74) ,13,149.72)
|urchesc of lnvcs|mcn|s (17,955.00) ,23,o3O.OO)
Se|c of lnvcs|mcn|s 19,583.83 25,433.87
ln|crcs|/|ncomc on |crm ocpos||s/conos/|nvcs|mcn|s rccc|vco 2,474.48 2,3O1.3O
lncomc |ex pe|o on |n|crcs| |ncomc (760.53) ,o9O.O9)
||v|ocno rccc|vco 217.79 151.71
Net cash used in Investing Activities - B (16,845.17) ,9,582.93)
|rocccos from |on |crm corrov|ns 14,381.51 1O,712.o2
|cpeymcn| of |on |crm corrov|ns (4,603.31) ,3,o51.79)
|rocccos from shor| |crm corrov|ns 232.00 11O.7o
Gren| |ccc|vco//sh u||||se||on rcscrvc c|c. 162.85 189.24
ln|crcs| pe|o (4,922.38) ,4,721.8O)
Gueren|cc fcc & o|hcr nnencc chercs pe|o (139.40) ,98.o8)
||v|ocno pe|o (3,550.10) ,3,55O.1O)
ex on o|v|ocno (573.06) ,573.Oo)
Net Cash ow from Financing Activities - C 988.11 ,1,582.81)
Net Increase/Decrease in Cash and Cash equivalents (A+B+C) 650.73 231.22
Cash and cash equivalents at the beginning of the year (see Note 1 below) 18,087.39 17,85o.17
Cash and cash equivalents at the end of the year (see Note 1 below) 18,738.12 18,O87.39
|O|S
1 Cesh eno cesh cqu|ve|cn|s cons|s|s of Cesh |n heno eno ce|enccs v||h cen|s. Cesh eno
cesh cqu|ve|cn|s |nc|uoco |n |hc cesh nov s|e|cmcn| compr|sc of fo||ov|n ce|encc shcc|
emoun|s es pcr |o|c 19:
Cesh eno cesh cqu|ve|cn|s 553.54 1,O9O.53
|cmeno ocpos||s |nc|uoco |n o|hcr cen| ce|enccs 18,110.68 1o,919.18
O|hcr cen| ce|enccs* 73.90 77.o8
Cesh eno cesh cqu|ve|cn|s es rcs|e|co ,|o|c-19-Cesh eno cen| ce|enccs) 18,738.12 18,O87.39
* /moun|s vh|ch erc no| eve||ec|c for usc |overos:
1) 0nc|e|mco o|v|ocno 15.67 11.49
2) Ou| of Ver|n moncy |cp| v||h |bl cermer|co for nxco ocpos||s from puc||c 1.77 1.77
3) |cpos||co es sccur||y v||h Govcrncmcn| eno o|hcr eu|hor|||cs 0.01 8.71
4) Ver|n moncy v||h cen|s 56.45 55.71
73.90 77.o8
2. hc nc| pron| ccforc |ex |s ef|cr cons|ocr|n |hc cxccp||one| ||cms of ` 1,568.29 crore ,prcv|ous ycer |||). |cfcr |o|c 33 for oc|e||s.
3. |rcv|ous ycer 's nurcs hevc cccn rcroupco/rcerrenco vhcrcvcr cons|ocrco ncccssery.
h|s |s |hc cesh nov s|e|cmcn| rcfcrrco |o |n our rcpor| of cvcn oe|c
V |o. O87537 V |o. O94227 V |o. O25973
V |o. O24282 V |o. O937o9 V.|o. 4OO189
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O13
37
th
Notes to the Consolidated Financial Statements for the year ended 31
st
March 2013
1. Signicant accounting policies
A. Basis of preparation
hc nnenc|e| s|e|cmcn|s erc prcperco on eccrue| ces|s of eccoun||n unocr h|s|or|ce| cos| convcn||on |n eccoroencc v||h cncre||y
ecccp|co eccoun||n pr|nc|p|cs |n lno|e, |hc rc|cven| prov|s|ons of |hc Compen|cs /c|, 195o |nc|uo|n eccoun||n s|enoeros no||nco
|hcrc unocr eno |hc prov|s|ons of |hc ||cc|r|c||y /c|, 2OO3 |o |hc cx|cn| epp||cec|c.
B. Use of estimates
hc prcpere||on of nnenc|e| s|e|cmcn|s rcqu|rcs cs||me|cs eno essump||ons |he| effcc| |hc rcpor|co emoun| of essc|s, ||ec|||||cs, rcvcnuc
eno cxpcnscs our|n |hc rcpor||n pcr|oo. /||houh such cs||me|cs eno essump||ons erc meoc on e rcesonec|c eno pruocn| ces|s |e||n
|n|o eccoun| e|| eve||ec|c |nforme||on, ec|ue| rcsu||s cou|o o|ffcr from |hcsc cs||me|cs & essump||ons eno such o|ffcrcnccs erc rccon|zco
|n |hc pcr|oo |n vh|ch |hc rcsu||s erc crys|e|||zco.
C. Grants-in-aid
1. Gren|s-|n-e|o rccc|vco from |hc Ccn|re| Govcrnmcn| or o|hcr eu|hor|||cs |overos cep||e| cxpcno||urc es vc|| es consumcrs'
con|r|cu||on |o cep||e| vor|s erc |rce|co |n|||e||y es cep||e| rcscrvc eno sucscqucn||y eous|co es |ncomc |n |hc semc propor||on es
|hc ocprcc|e||on vr|||cn off on |hc essc|s ecqu|rco ou| of |hc ren|s.
2. \hcrc |hc ovncrsh|p of |hc essc|s ecqu|rco ou| of |hc ren|s vcs|s v||h |hc ovcrnmcn|, |hc ren|s erc eous|co |n |hc cerry|n cos|
of such essc|s.
3. Gren|s from Govcrnmcn| eno o|hcr ecnc|cs |overos rcvcnuc cxpcno||urc erc rccon|zco ovcr |hc pcr|oo |n vh|ch |hc rc|e|co cos|s
erc |ncurrco eno erc ocouc|co from |hc rc|e|co cxpcnscs.
D. Fixed assets
1. en|c|c essc|s erc cerr|co e| h|s|or|ce| cos| |css eccumu|e|co ocprcc|e||on/emor||se||on.
2. |xpcno||urc on rcnove||on eno moocrn|se||on of |en|c|c essc|s rcsu|||n |n |ncrcesco ||fc eno/or cfnc|cncy of en cx|s||n essc| |s
eooco |o |hc cos| of rc|e|co essc|s.
3. ln|en|c|c essc|s erc s|e|co e| |hc|r cos| of ecqu|s|||on |css eccumu|e|co emor||se||on.
4. Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc Compeny rc|e||n |o cncre||on of c|cc|r|c||y cus|ncss |s rcncc|co es e o|s||nc| ||cm
|n cep||e| vor|-|n-prorcss |||| |hc pcr|oo of comp|c||on eno |hcrcef|cr |n |hc |en|c|c essc|s.
5. |cpos||s, peymcn|s/||ec|||||cs meoc prov|s|one||y |overos compcnse||on, rchec||||e||on eno o|hcr cxpcnscs rc|e|ec|c |o |eno |n
posscss|on erc |rce|co es cos| of |eno.
o. ln |hc cesc of essc|s pu| |o usc, vhcrc nne| sc|||cmcn| of c|||s v||h con|rec|ors |s yc| |o cc cffcc|co, cep||e||se||on |s oonc on
prov|s|one| ces|s succc| |o ncccssery eous|mcn| |n |hc ycer of nne| sc|||cmcn|.
7. /ssc|s eno sys|cms common |o morc |hen onc cncre||n un|| erc cep||e||sco on |hc ces|s of cn|nccr|n cs||me|cs/esscssmcn|s.
E. Capital work-in-progress
1. /om|n|s|re||on eno cncre| ovcrhceo cxpcnscs e||r|cu|ec|c |o cons|ruc||on of nxco essc|s |ncurrco |||| |hcy erc rceoy for |hc|r
|n|cnoco usc erc |ocn||nco eno e||oce|co on e sys|cme||c ces|s |o |hc cos| of rc|e|co essc|s.
2. |cpos|| vor|s/cos| p|us con|rec|s erc eccoun|co for on |hc ces|s of s|e|cmcn|s of eccoun| rccc|vco from |hc con|rec|ors.
3. 0nsc|||co ||ec||||y for pr|cc ver|e||on/cxchenc re|c ver|e||on |n cesc of con|rec|s erc eccoun|co for on cs||me|co ces|s es pcr |crms of
|hc con|rec|s.
F. Oil and gas exploration costs
1. hc Compeny fo||ovs 'Succcssfu| |ffor|s Vc|hoo' for eccoun||n of o|| & es cxp|ore||on ec||v|||cs.
2. Cos| of survcys eno prospcc||n ec||v|||cs conouc|co |n scerch of o|| eno es |s cxpcnsco off |n |hc ycer |n vh|ch |hcsc erc |ncurrco.
3. /cqu|s|||on eno cxp|ore||on cos|s erc |n|||e||y cep||e||zco es '|xp|ore|ory vc||s-|n-prorcss' unocr Cep||e| vor|-|n-prorcss. Such
cxp|ore|ory vc||s |n prorcss erc cep||e||sco |n |hc ycer |n vh|ch |hc proouc|n propcr|y |s crce|co or |s vr|||cn off |n |hc ycer vhcn
oc|crm|nco |o cc ory/ecenoonco.
4. /|| vc||s unocr '|xp|ore|ory \c||s-|n-|rorcss' vh|ch erc morc |hen |vo ycers o|o from |hc oe|c of comp|c||on of or||||n erc cherco
|o s|e|cmcn| of pron| eno |oss, cxccp| |hosc vc||s vh|ch hevc provcn rcscrvcs eno |hc ocvc|opmcn| of |hc nc|os |n vh|ch |hc vc||s
erc |oce|co hes cccn p|ennco.
G. Development of coal mines
|xpcno||urc on cxp|ore||on eno ocvc|opmcn| of ncv coe| ocpos||s |s cep||e||zco es '|cvc|opmcn| of coe| m|ncs' unocr cep||e| vor|-|n-
prorcss |||| |hc m|ncs procc| |s crouh| |o rcvcnuc eccoun|.
H. Foreign currency transactions
1. |orc|n currcncy |rensec||ons erc |n|||e||y rccoroco e| |hc re|cs of cxchenc ru||n e| |hc oe|c of |rensec||on.
2. /| |hc ce|encc shcc| oe|c, forc|n currcncy monc|ery ||cms erc rcpor|co us|n |hc c|os|n re|c. |on-monc|ery ||cms ocnom|ne|co
|n forc|n currcncy erc rcpor|co e| |hc cxchenc re|c ru||n e| |hc oe|c of |rensec||on.
3. |xchenc o|ffcrcnccs er|s|n from sc|||cmcn|/|rens|e||on of forc|n currcncy |oens, ocpos||s/||ec|||||cs rc|e||n |o nxco essc|s/cep||e|
vor|-|n-prorcss |n rcspcc| of |rensec||ons cn|crco pr|or |o O1.O4.2OO4, erc eous|co |n |hc cerry|n cos| of rc|e|co essc|s. Such
cxchenc o|ffcrcnccs er|s|n from sc|||cmcn|/|rens|e||on of |on |crm forc|n currcncy monc|ery ||cms |n rcspcc| of |rensec||ons
cn|crco on or ef|cr O1.O4.2OO4 erc eous|co |n |hc cerry|n cos| of rc|e|co essc|s.
4. O|hcr cxchenc o|ffcrcnccs erc rccon|zco es |ncomc or cxpcnsc |n |hc pcr|oo |n vh|ch |hcy er|sc.
37
th
I. Borrowing costs
borrov|n cos|s e||r|cu|ec|c |o |hc nxco essc|s our|n cons|ruc||on/cxp|ore||on, rcnove||on eno moocrn|se||on erc cep||e||sco. Such
corrov|n cos|s erc eppor||onco on |hc evcrec ce|encc of cep||e| vor|-|n-prorcss for |hc ycer. O|hcr corrov|n cos|s erc rccon|sco
es en cxpcnsc |n |hc pcr|oo |n vh|ch |hcy erc |ncurrco.
J. Investments
1. Currcn| |nvcs|mcn|s erc ve|uco e| |ovcr of cos| eno fe|r ve|uc oc|crm|nco on en |no|v|oue| |nvcs|mcn| ces|s.
2. |on |crm |nvcs|mcn|s erc cerr|co e| cos|. |rov|s|on |s meoc for o|m|nu||on, o|hcr |hen |cmporery, |n |hc ve|uc of such |nvcs|mcn|s.
3. |rcm|um pe|o on |on |crm |nvcs|mcn|s |s emor||sco ovcr |hc pcr|oo rcme|n|n |o me|ur||y.
K. Inventories
1. lnvcn|or|cs erc ve|uco e| |hc |ovcr of, cos| oc|crm|nco on vc|h|co evcrec ces|s, eno nc| rce||zec|c ve|uc.
2. hc o|m|nu||on |n |hc ve|uc of ocso|c|c, unscrv|ccec|c eno surp|us s|orcs eno spercs |s esccr|e|nco on rcv|cv eno prov|oco for.
L. Income recognition
1. Se|c of cncry |s eccoun|co for cesco on |er|ff re|cs epprovco cy |hc Ccn|re| ||cc|r|c||y |cu|e|ory Comm|ss|on ,C||C) es moo|nco
cy |hc orocrs of /ppc||e|c r|cune| for ||cc|r|c||y |o |hc cx|cn| epp||cec|c. ln cesc of povcr s|e||ons vhcrc |hc |er|ff re|cs erc yc| |o
cc epprovco, prov|s|one| re|cs erc eoop|co.
2. /ovencc ee|ns| ocprcc|e||on cons|ocrco es ocfcrrco rcvcnuc |n cer||cr ycers |s |nc|uoco |n se|cs, |o |hc cx|cn| ocprcc|e||on
rccovcrco |n |er|ff our|n |hc ycer |s |ovcr |hen |hc corrcspono|n ocprcc|e||on cherco.
3. |xchenc o|ffcrcnccs on eccoun| of |rens|e||on of forc|n currcncy corrov|ns rccovcrec|c from or peyec|c |o |hc ccncnc|er|cs
|n sucscqucn| pcr|oos es pcr C||C er|ff |cu|e||ons erc eccoun|co es '|cfcrrco forc|n currcncy nuc|ue||on essc|/||ec||||y'. hc
|ncrcesc or occrcesc |n ocprcc|e||on for |hc ycer ouc |o |hc eccoun||n of such cxchenc o|ffcrcnccs es pcr eccoun||n po||cy no.
| |s eous|co |n ocprcc|e||on.
4. |xchenc o|ffcrcnccs er|s|n from sc|||cmcn|/|rens|e||on of monc|ery ||cms ocnom|ne|co |n forc|n currcncy ,o|hcr |hen |on |crm)
|o |hc cx|cn| rccovcrec|c from or peyec|c |o |hc ccncnc|er|cs |n sucscqucn| pcr|oos es pcr C||C er|ff |cu|e||ons erc eccoun|co
es '|cfcrrco forc|n currcncy nuc|ue||on essc|/||ec||||y' our|n cons|ruc||on pcr|oo eno eous|co from |hc ycer |n vh|ch |hc semc
cccomcs rccovcrec|c/peyec|c.
5. hc surcherc on |e|c peymcn|/ovcrouc sunory occ|ors for se|c of cncry |s rccon|zco vhcn no s|n|ncen| unccr|e|n|y es |o
mcesurec||||y or co||cc|ec||||y cx|s|s.
o. ln|crcs|/surcherc rccovcrec|c on eovenccs |o supp||crs es vc|| es verren|y c|e|ms/||qu|oe|co oemecs vhcrcvcr |hcrc |s unccr|e|n|y
of rce||se||on/ecccp|encc erc no| |rce|co es eccruco eno erc |hcrcforc, eccoun|co for on rccc|p|/ecccp|encc.
7. lncomc from consu||ency scrv|ccs |s eccoun|co for on |hc ces|s of ec|ue| prorcss/|cchn|ce| esscssmcn| of vor| cxccu|co, |n ||nc
v||h |hc |crms of rcspcc||vc consu||ency con|rec|s. C|e|ms for rc|mcurscmcn| of cxpcno||urc erc rccon|zco es o|hcr |ncomc, es pcr
|hc |crms of consu||ency scrv|cc con|rec|s.
8. Screp o|hcr |hen s|cc| screp |s eccoun|co for es eno vhcn so|o.
9. lnsurencc c|e|ms for |oss of pron| erc eccoun|co for |n |hc ycer of ecccp|encc. O|hcr |nsurencc c|e|ms erc eccoun|co for cesco on
ccr|e|n|y of rce||se||on.
M. Expenditure
a) Depreciation/amortisation
1. |cprcc|e||on on |hc essc|s of |hc cncre||on of c|cc|r|c||y cus|ncss |s cherco on s|re|h| ||nc mc|hoo fo||ov|n |hc re|cs eno
mc|hooo|oy no||nco cy |hc C||C er|ff |cu|e||ons, 2OO9 |n eccoroencc v||h Scc||on o1o ,c) of |hc Compen|cs /c|, 195o.
2. |cprcc|e||on on |hc essc|s of |hc coe| m|n|n, o|| & es cxp|ore||on eno consu||ency cus|ncss, |s cherco on s|re|h| ||nc mc|hoo
fo||ov|n |hc re|cs spcc|nco |n Schcou|c lv of |hc Compen|cs /c|, 195o.
3. |cprcc|e||on on |hc fo||ov|n essc|s |s prov|oco cesco on |hc|r cs||me|co uscfu| ||fc:
c) |nec||n vor|s
- rcs|ocn||e| cu||o|ns |nc|uo|n |hc|r |n|crne| c|cc|r|nce||on.
- non-rcs|ocn||e| cu||o|ns |nc|uo|n |hc|r |n|crne| c|cc|r|nce||on, ve|cr supp|y,
scvcrec & ore|nec vor|s, re||vey s|o|ns, ecrooromcs, hc||peos eno e|rs|r|ps.
15 ycers
5 ycers
4. |cprcc|e||on on eoo|||ons |o/ocouc||ons from nxco essc|s our|n |hc ycer |s cherco on pro-re|e ces|s from/up |o |hc mon|h |n
vh|ch |hc essc| |s eve||ec|c for usc/o|spose|.
5. /ssc|s cos||n up |o ` 5OOO/- erc fu||y ocprcc|e|co |n |hc ycer of ecqu|s|||on.
o. Cos| of sof|verc rccon|zco es |n|en|c|c essc|, |s emor||sco on s|re|h| ||nc mc|hoo ovcr e pcr|oo of |ce| r|h| |o usc or 3 ycers,
vh|chcvcr |s |css. O|hcr |n|en|c|c essc|s erc emor||zco on s|re|h| ||nc mc|hoo ovcr |hc pcr|oo of |ce| r|h| |o usc or ||fc of |hc
rc|e|co p|en|, vh|chcvcr |s |css.
7. \hcrc |hc cos| of ocprcc|ec|c essc|s hes unocronc e chenc our|n |hc ycer ouc |o |ncrcesc/occrcesc |n |on |crm ||ec|||||cs
on eccoun| of cxchenc nuc|ue||on, pr|cc eous|mcn|, chenc |n ou||cs or s|m||er fec|ors, |hc unemor||sco ce|encc of such essc|
|s cherco off prospcc||vc|y ovcr |hc rcme|n|n uscfu| ||fc oc|crm|nco fo||ov|n |hc epp||cec|c eccoun||n po||c|cs rc|e||n |o
37
th
8. \hcrc |hc ||fc eno/or cfnc|cncy of en essc| |s |ncrcesco ouc |o rcnove||on eno moocrn|ze||on, |hc cxpcno||urc |hcrcon e|on-
v||h ||s unemor||zco ocprcc|ec|c emoun| |s cherco off prospcc||vc|y ovcr |hc rcv|sco uscfu| ||fc oc|crm|nco cy |cchn|ce|
esscssmcn|.
9. Vech|ncry spercs vh|ch cen cc usco on|y |n conncc||on v||h en ||cm of p|en| eno mech|ncry eno |hc|r usc |s cxpcc|co |o cc
|rrcu|er, erc cep||e||sco eno fu||y ocprcc|e|co ovcr |hc rcs|oue| uscfu| ||fc of |hc rc|e|co p|en| eno mech|ncry.
1O. Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc compeny rcfcrrco |n po||cy |.4 |s emor||sco ovcr e pcr|oo of 4 ycers from |hc
mon|h |n vh|ch |hc nrs| un|| of procc| conccrnco comcs |n|o commcrc|e| opcre||on eno |hcrcef|cr from |hc mon|h |n vh|ch |hc
rc|cven| essc| cccomcs eve||ec|c for usc. |ovcvcr, s|m||er cxpcno||urc for commun||y ocvc|opmcn| |s cherco off |o rcvcnuc.
11. |cescho|o |eno eno cu||o|ns rc|e||n |o cncre||on of c|cc|r|c||y cus|ncss erc fu||y emor||sco ovcr 25 ycers or |cesc pcr|oo
vh|chcvcr |s |ovcr fo||ov|n |hc re|cs eno mc|hooo|oy no||nco cy C||C er|ff |cu|e||ons, 2OO9. |cescho|o |eno ecqu|rco on
pcrpc|ue| |cesc |s no| emor||sco.
12. |eno ecqu|rco for m|n|n cus|ncss unocr Coe| bcer|n /rces ,/cqu|s|||on & |cvc|opmcn|) /c|, 1957 |s emor||sco on |hc ces|s
of ce|encc uscfu| ||fc of |hc procc|. O|hcr |cescho|o |eno ecqu|rco for m|n|n cus|ncss |s emor||sco ovcr |hc |cesc pcr|oo or
ce|encc ||fc of |hc procc| vh|chcvcr |s |css.
b) Other expenditure
13. |xpcnscs on cx-re||e peymcn|s unocr vo|un|ery rc||rcmcn| schcmc, |re|n|n & rccru||mcn| eno rcscerch & ocvc|opmcn| erc
cherco |o rcvcnuc |n |hc ycer |ncurrco.
14. |rc||m|nery cxpcnscs on eccoun| of ncv procc|s |ncurrco pr|or |o epprove| of fces|c||||y rcpor|/|cchno cconom|c c|cerencc erc
cherco |o rcvcnuc.
15. |c| prc-comm|ss|on|n |ncomc/cxpcno||urc |s eous|co o|rcc||y |n |hc cos| of rc|e|co essc|s eno sys|cms.
1o. |rcpe|o cxpcnscs eno pr|or pcr|oo cxpcnscs/|ncomc of ||cms of ` 1OO,OOO/- eno cc|ov erc cherco |o ne|ure| hceos of
eccoun|s.
17. rens|| eno heno||n |osscs of coe| es pcr Compeny's norms erc |nc|uoco |n cos| of coe|.
N. Employee benets
1. Dened contribution plan
Compeny's con|r|cu||ons pe|o/peyec|c our|n |hc ycer |o prov|ocn| funo |s rccon|sco |n |hc s|e|cmcn| of pron| eno |oss. hc semc
|s pe|o |o e funo eom|n|s|crco |hrouh e scpere|c |rus|.
2. Dened benet plan
Compeny's ||ec||||y |overos re|u||y, |cevc ccncn|s ,|nc|uo|n compcnse|co ecscnccs), pos| rc||rcmcn| mco|ce| fec||||y eno o|hcr
|crm|ne| ccncn|s erc oc|crm|nco cy |nocpcnocn| ec|uery, e| ycer cno us|n |hc procc|co un|| crco|| mc|hoo. |es| scrv|cc cos|s erc
rccon|sco on e s|re|h| ||nc ces|s ovcr |hc evcrec pcr|oo un||| |hc ccncn|s cccomc vcs|co. /c|uer|e| e|ns eno |osscs erc rccon|sco
|mmco|e|c|y |n |hc s|e|cmcn| of pron| eno |oss. ||ec||||y for re|u||y es pcr ec|uer|e| ve|ue||on |s pe|o |o e funo eom|n|s|crco |hrouh
e scpere|c |rus|.
3. Short term employee benets
hcsc erc rccon|sco es en cxpcnsc e| |hc uno|scoun|co emoun| |n |hc s|e|cmcn| of pron| eno |oss for |hc ycer |n vh|ch |hc rc|e|co
scrv|ccs erc rcnocrco.
O. Leases
1. Finance lease
1.1 /ssc|s |e|cn on nnencc |cesc erc cep||e||zco e| fe|r ve|uc or nc| prcscn| ve|uc of |hc m|n|mum |cesc peymcn|s, vh|chcvcr |s |css.
1.2 |cprcc|e||on on |hc essc|s |e|cn on nnencc |cesc |s cherco e| |hc re|c epp||cec|c |o s|m||er |ypc of nxco essc|s es pcr eccoun||n
po||cy no. V.1 or V.2. lf |hc |cesco essc|s erc rc|urnec|c |o |hc |cssor on |hc cxp|ry of |hc |cesc pcr|oo, ocprcc|e||on |s cherco
ovcr ||s uscfu| ||fc or |cesc pcr|oo, vh|chcvcr |s |css.
1.3 |cesc peymcn|s erc eppor||onco cc|vccn |hc nnencc chercs eno ou|s|eno|n ||ec||||y |n rcspcc| of essc|s |e|cn on |cesc.
2. Operating lease
/ssc|s ecqu|rco on |cesc vhcrc e s|n|ncen| por||on of |hc r|s| eno rcveros of |hc ovncrsh|p erc rc|e|nco cy |hc |cssor erc c|ess|nco
es opcre||n |cescs. |cesc rcn|e|s erc cherco |o rcvcnuc.
P. Impairment
hc cerry|n emoun| of cesh cncre||n un||s |s rcv|cvco e| cech ce|encc shcc| oe|c vhcrc |hcrc |s eny |no|ce||on of |mpe|rmcn| cesco
on |n|crne|/cx|crne| |no|ce|ors. /n |mpe|rmcn| |oss |s rccon|sco |n |hc s|e|cmcn| of pron| eno |oss vhcrc |hc cerry|n emoun| cxcccos
|hc rccovcrec|c emoun| of |hc cesh cncre||n un||s. /n |mpe|rmcn| |oss |s rcvcrsco |f |hcrc |s chenc |n |hc rccovcrec|c emoun| eno such
|oss c||hcr no |oncr cx|s|s or hes occrcesco.
Q. Provisions and contingent liabilities
/ prov|s|on |s rccon|sco vhcn |hc compeny hes e prcscn| oc||e||on es e rcsu|| of e pes| cvcn| eno || |s procec|c |he| en ou|nov of
rcsourccs v||| cc rcqu|rco |o sc|||c |hc oc||e||on eno |n rcspcc| of vh|ch e rc||ec|c cs||me|c cen cc meoc. |rov|s|ons erc oc|crm|nco
cesco on menecmcn| cs||me|c rcqu|rco |o sc|||c |hc oc||e||on e| |hc ce|encc shcc| oe|c eno erc no| o|scoun|co |o prcscn| ve|uc.
Con||ncn| ||ec|||||cs erc o|sc|osco on |hc ces|s of uomcn| of |hc menecmcn|/|nocpcnocn| cxpcr|s. hcsc erc rcv|cvco e| cech
ce|encc shcc| oe|c eno erc eous|co |o rcncc| |hc currcn| menecmcn| cs||me|c.
R. Cash ow statement
Cesh nov s|e|cmcn| |s prcperco |n eccoroencc v||h |hc |no|rcc| mc|hoo prcscr|cco |n /ccoun||n S|enoero ,/S) 3 on 'Cesh ||ov S|e|cmcn|s'.
37
th
2. Share capital
` Crore
As at 31.03.2013 31.03.2012
Equity share capital
Authorised
10,00,00,00,000 shares of par value of `10/- each (previous
year 10,00,00,00,000 shares of par value of `10/- each) 10,000.00 10,000.00
8,24,54,64,400 shares of par value of `10/- each (previous
year 8,24,54,64,400 shares of par value of `10/- each) 8,245.46 8,245.46
3. Reserves and surplus ` Crore
As at 31.03.2013 31.03.2012
Capital reserve
As per last nancial statements 391.33 362.82
Add : Transfer from surplus 0.97 0.44
Add : Grants received during the year 41.24 76.98
Less : Adjustments during the year 24.57 48.91
Closing balance 408.97 391.33
Securities premium account 2,228.11 2,228.11
Foreign currency translation reserve (0.41) (0.83)
Debt service reserve
As per last nancial statements - -
Add : Transfer from surplus 81.84 -
Closing balance 81.84 -
Bonds redemption reserve
As per last nancial statements 2,389.04 2,231.66
Add : Transfer from surplus 492.79 482.38
Less : Transfer to surplus 346.50 325.00
Closing balance 2,535.33 2,389.04
General reserve
As per last nancial statements 60,390.00 55,087.18
Add : Transfer from surplus 6,643.18 5,348.20
Less: Adjustments during the year 36.46 45.38
Closing balance 66,996.72 60,390.00
Surplus
As per last nancial statements 632.70 229.33
Add : Prot for the year from Statement of Prot & Loss 12,590.78 9,812.79
Write back from bond redemption reserve 346.50 325.00
Less : Transfer to bond redemption reserve 492.79 482.38
Transfer to capital reserve 0.97 0.44
Transfer to debt service reserve 81.84 -
Transfer to general reserve 6,643.18 5,348.20
Dividend paid 3,094.07 2,887.92
Tax on dividend paid 501.94 465.41
Proposed dividend 1,718.27 473.29
Tax on proposed dividend 291.99 76.78
Net surplus 744.93 632.70

Total
#
72,995.49 66,030.35
# Includes ` 475.25 crore (previous year ` 511.66 crore) share of jointly controlled entities.
4. Deferred revenue ` Crore
As at 31.03.2013 31.03.2012
On account of advance against depreciation 708.60 718.47
On account of income from foreign currency uctuation 535.45 711.59
Total
#
1,244.05 1,430.06
# Includes ` Nil (previous year ` Nil ) share of jointly controlled entities.
Notes forming part of Consolidated Financial Statements
37
th
a) Advance against depreciation (AAD) was an element of tariff provided under the Tariff Regulations for 2001-04 and 2004-09 to facilitate debt
servicing by the generators since it was considered that depreciation recovered in the tariff considering a useful life of 25 years is not adequate for
debt servicing. Though this amount is not repayable to the beneciaries, keeping in view the matching principle, and in line with the opinion of
the Expert Advisory Committee (EAC) of the Institute of Chartered Accountants of India (ICAI), this was treated as deferred revenue to the extent
depreciation chargeable in the accounts is considered to be higher than the depreciation recoverable in tariff in future years. Since AAD is in the
nature of deferred revenue and does not constitute a liability, it has been disclosed in this note separately from shareholders funds and liabilities.
b) In line with signicant accounting policy no. L.2 (Note 1) and the revised CERC order for 2004-09, an amount of ` 9.87 crore (previous year ` 34.39
crore) has been recognized during the year from the AAD and included in energy sales (Note 22).
c) Foreign exchange rate variation (FERV) on foreign currency loans and interest thereon is recoverable from/payable to the customers in line with
the Tariff Regulations. Keeping in view the opinion of the EAC of ICAI, the Company is recognizing deferred foreign currency uctuation asset by
corresponding credit to deferred income from foreign currency uctuation in respect of the FERV on foreign currency loans or interest thereon
adjusted in the cost of xed assets, which is recoverable from the customers in future years as provided in accounting policy no. L.3 (Note 1). This
amount will be recognized as revenue corresponding to the depreciation charge in future years. The amount does not constitute a liability to be
discharged in future periods and hence has been disclosed separately from shareholders funds and liabilities.
5. Long-term borrowings
` Crore
As at 31.03.2013 31.03.2012
Bonds
Secured
9.25% Secured non-cumulative non-convertible redeemable taxable bonds of `10,00,000/- each with
ve equal separately transferable redeemable principal parts (STRPP) redeemable at par at the end of 11
th

year and in annual installments thereafter upto the end of 15
th
year respectively commencing from 04
th
May
2023 and ending on 04
th
May 2027 (Forty fourth issue - private placement)
VIII
500.00 -
8.48% Secured non-cumulative non-convertible redeemable taxable bonds of `10,00,000/- each
redeemable at par in full on 1
st
May 2023 (Seventeenth issue - private placement)
I
50.00 50.00
th

th
th

January 2023 and ending on 25
th
January 2027 (Forty second issue - private placement)
III
500.00 500.00
th
October 2022 (Forty seventh issue - private placement)
VIII
390.00 -
th
January 2021 (Thirty seventh issue - private placement)
III
300.00 300.00
st
March 2020 (Thirty third issue- private placement)
III
195.00 195.00
th
March 2020 (Thirty rst issue- private placement)
III
500.00 500.00
redeemable at par in ve equal annual installments commencing from 6
th
Nov 2019 and ending on 6
th
Nov
2023 (Twenty seventh issue - private placement) III
350.00 350.00
th
May 2019 (Thirtieth issue - private placement)
III
700.00 700.00
th
February 2019 (Twenty ninth issue - private placement)
III
550.00 550.00
th
January 2019 (Nineteenth issue - private placement)
II
50.00 50.00
11% Secured non-cumulative non-convertible redeemable taxable bonds of `10,00,000/- each
st
November 2018 (Twenty eighth issue - private placement)
III
1,000.00 1,000.00
fteen equal separately transferable redeemable principal parts (STRPP) redeemable at par at the end of
6
th
th
th

July 2018 and ending on 20
th
July 2032 (Forty sixth issue - private placement)
VIII
75.00 -
6
th
th
th

May 2018 and ending on 16
th
May 2032 (Forty fth issue - private placement)
VIII
75.00 -
th
April 2018 (Sixteenth issue -private placement)
I
100.00 100.00
37
th
` Crore
As at 31.03.2013 31.03.2012
6
th
th
nd

March 2018 and ending on 2
nd
March 2032 (Forty third issue - private placement)
III
75.00 75.00
9.6713 % Secured non-cumulative non-convertible redeemable taxable bonds of `15,00,000/- each with
6
th
th
rd

Decemeber 2017 and ending on 23
rd
December 2031 (Forty rst issue - private placement)
III
.
75.00 75.00
9.558 % Secured non-cumulative non-convertible redeemable taxable bonds of `15,00,000/- each with
6
th
th
th

th
July 2031 (Fortieth issue - private placement)
III
75.00 75.00
6
th
th
th

June 2017 and ending on 9
th
June 2031 (Thirty ninth issue - private placement)
III
105.00 105.00
6
th
th
nd

nd
March 2031 (Thirty eighth issue - private placement)
III
.
75.00 75.00
6
th
th
th

December 2016 and ending on 15
th
December 2030 (Thirty sixth issue - private placement)
III
75.00 75.00
6
th
th
th

September 2016 and ending on 15
th
September 2030 (Thirty fth issue - private placement)
III
120.00 120.00
fteen equal separately transferable redeemable principal parts (STRPP) redeemable at par at the end of 6
th

th
th
June
2016 and ending on 10
th
June 2030 (Thirty fourth issue - private placement)
III
150.00 150.00
8.8493% Secured non-cumulative non-convertible redeemable taxable bonds of ` 15,00,000/- each with
6
th
th
th

th
March 2030 (Thirty second issue - private placement)
III
105.00 105.00
fourteen separately transferable redeemable principal parts (STRPP) redeemable at par semi-annually
commencing from 4
th
th
December 2018 (Twenty fth issue - private placement)
III
357.00 428.50
fourteen separately transferable redeemable principal parts (STRPP) redeemable at par semi-annually
commencing from 4
th
th
December 2018 (Twenty sixth issue - private
placement)
III
357.00 428.50
twenty equal separately transferable redeemable principal parts (STRPP) redeemable at par semi-annually
commencing from 9
th
th
March 2021 (Twenty fourth issue - private
placement)
IV
350.00 400.00
with twenty equal separately transferable redeemable principal parts (STRPP) redeemable at par
semi-annually commencing from 5
th
August 2011 and ending on 5
th
February 2021 (Twenty third
issue - private placement)
IV
350.00 400.00
with twenty equal separately transferable redeemable principal parts (STRPP) redeemable at par semi-
annually commencing from 2
nd
nd
January 2021 (Twenty second issue - private
placement)
IV
350.00 400.00
with twenty equal separately transferable redeemable principal parts (STRPP) redeemable at par semi-
annually commencing from 2
nd
August 2010 and ending on 2
nd
February 2020 (Twenty rst issue - private
placement)
V
600.00 700.00
37
th
` Crore
As at 31.03.2013 31.03.2012
twenty equal separately transferable redeemable principal parts (STRPP) redeemable at par semi-annually
commencing from 23
rd
rd
March 2019 (Twentieth Issue - private
placement)
VI
250.00 300.00
th

th
year respectively from 15
th
September 2003
(Eighteenth issue - private placement)
VII
- 100.00
9.55% Secured non-cumulative non-convertible taxable redeemable bonds of `10,00,000/- each with
ten equal separately transferable redeemable principal parts (STRPP) redeemable at par at the end of the
6
th
th
th
April 2002
(Thirteenth issue - Part B - private placement)
IX
300.00 375.00
9.55% Secured non-cumulative non-convertible taxable redeemable bonds of `10,00,000/- each
redeemable at par in ten equal annual instalments commencing from the end of 6
th
year and upto the end
of 15
th
th
April 2002 (Thirteenth issue -Part A - private placement)
IX
300.00 375.00
Unsecured*
th
March 2023 (Forty eighth issue-private placement)
300.00 -
9,704.00 9,057.00
Foreign currency notes
Unsecured
4.75 % Fixed rate notes due for repayment on 3
rd
October 2022 2,745.50 -
th
July 2021 2,745.50 2,581.50
nd
March 2016 1,647.30 1,548.90
Term Loans
From banks
Secured
Rupee loans
X
2,986.65 2,517.84
Unsecured
Foreign currency loans 4,766.70 3,927.15
Rupee loans 13,919.18 9,503.36
From Others
Secured
Foreign currency loan (guaranteed by GOI) - 99.09
Rupee loans
X
8,313.13 6,385.94
Unsecured
Foreign currency loans (guaranteed by GOI) 2,604.09 2,999.49
Other foreign currency loans 1,864.55 1,872.51
Rupee loans 13,090.55 14,358.43
Deposits
Unsecured
Fixed deposits 0.52 0.47
Others
Unsecured
Bonds application money pending allottment** 200.00 -
Long term maturities of nance lease obligations (Secured)
XI
0.05 0.26
Total
#
64,587.72 54,851.94
# Includes ` 8,651.80 crore (previous year ` 7,932.53 crore) share of jointly controlled entities.
* Formalities for creation of security as per terms of bond issue are in progress.
** Bond application money received in respect of 8.80% Secured non-cumulative non-convertible
redeemable taxable bonds of ` 10,00,000/- each redeemable at par in full on 4
th
April 2023
(Forty nineth issue-private placement).
37
th
e) Details of terms of repayment and rate of interest ` Crorc
Particulars Non current portion Current portion
31.03.2013 31.O3.2O12 31.03.2013 31.O3.2O12
Term loans
Sccurco
|upcc |oens - ben|s 2,986.65 2,517.84 192.87 1o8.7O
|upcc |oens - O|hcrs 8,313.13 o,385.94 357.82 25o.o3
|orc|n currcncy |oen ,ueren|cco cy GOl) - O|hcrs - 99.O9 96.44 18o.38
11,299.78 9,OO2.87 647.13 o11.71
0nsccurco
|orc|n currcncy |oens ,ueren|cco cy GOl) - O|hcrs 2,604.09 2,999.49 171.73 183.o4
|orc|n currcncy |oens - ben|s 4,766.70 3,927.15 233.59 219.o4
O|hcr forc|n currcncy |oens - O|hcrs 1,864.55 1,872.51 576.19 o4o.O4
|upcc |oens - ben|s 13,919.18 9,5O3.3o 1,759.13 1,o95.35
|upcc |oens - O|hcrs 13,090.55 14,358.43 1,367.73 74O.33
36,245.07 32,ooO.94 4,108.37 3,485.OO
Fixed deposits (unsecured) 0.52 O.47 0.11 11.79
|) Sccurco rupcc |crm |oen from cen|s cerry |n|crcs| ||n|co |o Sbl cesc re|c or nxco |n|crcs| re|c ren|n from 8% |o 12% p.e., v||h mon|h|y/
quer|cr|y/he|f-ycer|y rcs|s. hcsc |oens erc rcpeyec|c |n quer|cr|y/he|f-ycer|y |ns|e||mcn|s es pcr |hc |crms of |hc rcspcc||vc |oen erccmcn|s.
hc rcpeymcn| pcr|oo cx|cnos from e pcr|oo of four |o nf|ccn ycers ef|cr e more|or|um pcr|oo of s|x mon|hs from |hc CO|, or |hrcc |o nvc
ycers from |hc oe|c of |hc |oen erccmcn|.
||) Sccurco rupcc |crm |oen from o|hcrs cerry |n|crcs| ||n|co |o Sbl cesc re|c, Sbl /ovencc |e|c,re|c no||nco cy |hc |cnocr for ce|cory '/'
puc||c scc|or unocr|e||n, /// cono y|c|o re|cs or nxco |n|crcs| re|c ren|n from 8% |o 12.25% p.e., v||h mon|h|y/quer|cr|y/he|f-ycer|y
rcs|s. hcsc |oens erc rcpeyec|c |n quer|cr|y/he|f-ycer|y |ns|e||mcn|s es pcr |hc |crms of |hc rcspcc||vc |oen erccmcn|s. hc rcpeymcn| pcr|oo
cx|cnos from e pcr|oo of four |o nf|ccn ycers ef|cr e more|or|um pcr|oo of s|x mon|hs from |hc CO|, or |hrcc |o nvc ycers from |hc oe|c of
|hc |oen erccmcn|.
|||) Sccurco forc|n currcncy |oen ,ueren|cco cy GOl) cerr|cs noe||n re|c of |n|crcs| ||n|co |o Currcncy \c|h|co |lbO| eno |s rcpeyec|c on
15
|h
!unc 2O13.
|v) 0nsccurco forc|n currcncy |oens ,ueren|cco cy GOl)-o|hcrs cerry nxco re|c of |n|crcs| ren|n from 1.8O% p.e. |o 2.3O% p.e. eno erc
rcpeyec|c |n 27 |o 3o scm|ennue| |ns|e|mcn|s es of 31
s|
Verch 2O13.
v) 0nsccurco forc|n currcncy |oens ben|s |nc|uoc |oens of ` 591.81 crore ,prcv|ous ycer ` o35.95 crorc) vh|ch cerry nxco re|c of |n|crcs|
of 4.31% p.e. eno |oens of ` 4,408.48 Crore ,prcv|ous ycer ` 3,51O.84 Crorc) vh|ch cerry noe||n re|c of |n|crcs| ||n|co |o oV |lbO|. hcsc
|oens erc rcpeyec|c |n 2 |o 2o scm|ennue| |ns|e|mcn|s es of 31
s|
Verch 2O13, commcnc|n ef|cr more|or|um pcr|oo |f eny, es pcr |hc |crms of
|hc rcspcc||vc |oen erccmcn|s.
v|) 0nsccurco forc|n currcncy |oens O|hcrs |nc|uoc |oens of ` 1,071.57 crore ,prcv|ous ycer ` o54.4O crorc) vh|ch cerry nxco re|c of |n|crcs|
ren|n from 3.5O% p.e. |o 4.31% p.e., |oens of ` 1,277.60 crorc ,prcv|ous ycer ` 1,o75.48 crorc) vh|ch cerry noe||n re|c of |n|crcs| ||n|co |o
oV |lbO| / oV |0|lbO| eno e |oen of ` 91.57 crore ,prcv|ous ycer ` 188.o7 crorc) vh|ch cerr|cs noe||n re|c of |n|crcs| ||n|co |o |hc cos| of
corrov|ns of |hc Vu||||e|cre| /cncy |cnocr. hcsc |oens erc rcpeyec|c |n 2 |o 24 scm|ennue| |ns|e||mcn|s es of 31
s|
Verch 2O13, commcnc|n
ef|cr more|or|um pcr|oo |f eny, es pcr |hc |crms of |hc rcspcc||vc |oen erccmcn|s.
v||) 0nsccurco rupcc |crm |oens cerry |n|crcs| ren|n from 5.7O7 % |o 12.75 % p.e. v||h mon|h|y/quer|cr|y/he|f-ycer|y rcs|s. hcsc |oens erc
rcpeyec|c |n quer|cr|y/he|f-ycer|y/ycer|y |ns|e||mcn|s es pcr |hc |crms of |hc rcspcc||vc |oen erccmcn|s. hc rcpeymcn| pcr|oo cx|cnos from
e pcr|oo of nvc |o nf|ccn ycers ef|cr e more|or|um pcr|oo of s|x mon|hs |o nvc ycers.
v|||) 0nsccurco nxco ocpos||s cerry |n|crcs| o.75% |o 8.OO% p.e. peyec|c quer|cr|y/mon|h|y for non-cumu|e||vc schcmcs eno on me|ur||y |n
cesc of cumu|e||vc schcmcs compounoco quer|cr|y. hc ocpos||s erc rcpeyec|c our|n e pcr|oo of onc |o |hrcc ycers from |hc oe|c of |ssuc.
c) hc nnencc |cesc oc||e||ons erc rcpeyec|c |n |ns|e||mcn|s es pcr |hc |crms of |hc rcspcc||vc |cesc erccmcn|s cncre||y ovcr e pcr|oo of four
ycers.
c) hcrc hes cccn no ocfeu|| |n rcpeymcn| of eny of |hc |oens or |n|crcs| |hcrcon es e| |hc cno of |hc ycer.
Details of securities
l Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |qu||ec|c mor|ec,
cy vey of nrs| cherc, cy ocpos|| of ||||c occos of |hc |mmovec|c propcr||cs pcr|e|n|n |o |e||one| Cep||e| |ovcr S|e||on.
ll Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |ypo|hcce||on of
e|| |hc prcscn| eno fu|urc movec|c essc|s ,cxc|uo|n rccc|vec|cs) of S|nreu|| Supcr hcrme| |ovcr S|e||on, /n|e Ges |ovcr S|e||on, /ure|ye Ges
|ovcr S|e||on, berh Supcr hcrme| |ovcr |rocc|, |ere||e Supcr hcrme| |ovcr S|e||on, |ehe|eon Supcr hcrme| |ovcr S|e||on, |o|oem |yoc|
|ovcr |rocc|, S|mheor| Supcr hcrme| |ovcr |rocc|, S|pe| Supcr hcrme| |ovcr |rocc|, e|chcr hcrme| |ovcr S|e||on, e|chcr Supcr hcrme|
|ovcr |rocc|, enoe hcrme| |ovcr S|e||on, v|nohyeche| Supcr hcrme| |ovcr S|e||on, |e||one| Cep||e| |ovcr S|e||on, |eor| Ges |ovcr S|e||on,
|crozc Genoh| 0ncheher |ovcr S|e||on, |oher|ne |e|e |yoro |ovcr |rocc| eno epoven-v|shnueo |yoro |ovcr |rocc| es nrs| cherc, ren||n
per|-pessu v||h cherc, |f eny, e|rceoy crce|co |n fevour of |hc Compeny's ben|crs on such movec|c essc|s hypo|hcce|co |o |hcm for vor||n
cep||e| rcqu|rcmcn|.
37
th
lll Sccurco cy ,l) |n||sh mor|ec, on nrs| per| pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |qu||ec|c mor|ec
of |hc |mmovec|c propcr||cs, on nrs| per|-pessu cherc ces|s, pcr|e|n|n |o S|pe| Supcr hcrme| |ovcr |rocc| cy cx|cns|on of cherc e|rceoy
crce|co.
lv Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll)|qu||ec|c mor|ec, cy
vey of nrs| cherc, cy ocpos|| of |hc ||||c occos of |hc |mmovec|c propcr||cs pcr|e|n|n |o S|pe| Supcr hcrme| |ovcr |rocc|.
v Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce|, ,ll) |ypo|hcce||on of e|| |hc
prcscn| eno fu|urc movec|c essc|s ,cxc|uo|n rccc|vec|cs) of berh Supcr hcrme| |ovcr |rocc| on nrs| per|-pesu cherc ces|s, ren||n per| pessu
v||h cherc e|rceoy crce|co |n fevour of rus|cc for o|hcr Scr|cs of bonos eno ,lll) |qu||ec|c mor|ec of |hc |mmovec|c propcr||cs, on nrs| per|-
pessu cherc ces|s, pcr|e|n|n |o |emeunoem Supcr hcrme| |ovcr S|e||on cy cx|cns|on of cherc e|rceoy crce|co.
vl Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |qu||ec|c mor|ec,
cy vey of nrs| cherc, cy ocpos|| of ||||c occos of |hc |mmovec|c propcr||cs pcr|e|n|n |o |emeunoem Supcr hcrme| |ovcr S|e||on.
vll Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce|, ,ll) |ypo|hcce||on of e|| |hc
rcqu|rcmcn| eno ,lll) |qu||ec|c mor|ec of |hc |mmovec|c propcr||cs, on nrs| per|-pessu cherc ces|s, pcr|e|n|n |o |e||one| Cep||e| |ovcr S|e||on
cy cx|cns|on of cherc e|rceoy crce|co.
vlll Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce|, ,ll) |qu||ec|c mor|ec of |hc
|mmovec|c propcr||cs, on nrs| per|-pessu cherc ces|s, pcr|e|n|n |o |e||one| Cep||e| |ovcr S|e||on cy cx|cns|on of cherc e|rceoy crce|co.
l Sccurco cy ,l) |n||sh mor|ec,on nrs| per|-pessu cherc ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce|, ,ll) |ypo|hcce||on of e|| |hc
rcqu|rcmcn| eno ,lll) |qu||ec|c mor|ec of |hc |mmovec|c propcr||cs, on nrs| per|-pessu cherc ces|s, pcr|e|n|n |o S|nreu|| Supcr hcrme|
|ovcr S|e||on cy cx|cns|on of cherc e|rceoy crce|co.
,|) Sccurco cy e|| movcec|c & |mmovcec|c, prcscn| eno fu|urc essc|s cc|on|n |o !o|n| vcn|urc cn|||y e| ve||ur.
,||) Sccurco cy cqu||ec|c mor|eec/hypo|hcce||on of e|| |hc prcscn| eno fu|urc ||xco /ssc|s eno Vovcec|c /ssc|s of bh||e| |xpens|on |rocc|
,C|| - lll) cc|on|n |o !o|n| vcn|urc cn|||y.
,|||) Sccurco cy cqu||ec|c mor|eec/hypo|hcce||on of e|| |hc prcscn| eno fu|urc ||xco /ssc|s eno Vovcec|c /ssc|s of C||-ll e| |our|c|e,
|urepur, bh||e| & Corpore|c ofncc cc|on|n |o !o|n| vcn|urc cn|||y.
,|v) Sccurco cy nrs| cherc cy vey of hypo|hcce||on of e|| movcec|c essc|s of lno|re Genoh| Supcr hcrme| |ovcr |rocc| ,3 5OO V\)
Coe| besco hcrme| |ovcr |rocc| e| !heer ||s||. |n s|e|c of |eryene cc|on|n |o !o|n| vcn|urc cn|||y, compr|s|n ||s movec|c p|en| eno
mech|ncry, mech|ncry spercs, |oo|s eno ecccssor|cs, furn||urc & nx|urc, vch|c|cs eno e|| o|hcr movec|c essc|s, prcscn| eno fu|urc, |nc|uo|n
|n|en|c|c essc|s, ooov|||, unce||co cep||e| rccc|vec|c of |hc procc| cxccp| for spcc|nco rccc|vec|cs on vh|ch nrs| chercs vou|o cc
ccoco |o vor||n cep||e| |cnocrs prcscn| eno fu|urc eno
Sccurco cy nrs| cherc cy vey of mor|ec cy ocpos|| of ||||c occo of |enos ,epprox 2O49.11 ecrcs) eno o|hcr |mmovec|c propcr||cs of
lno|re Genoh| Supcr hcrme| |ovcr |rocc| ,3 x 5OO V\) coe| cesco |hcrme| povcr procc| e| heer o|s|r|c| |n S|e|c of |eryene |oc|hcr
v||h e|| cu||o|ns eno s|ruc|urc crcc|co/ cons|ruc|co/ s|eno|n |hcrcon eno e|| p|en| eno mech|ncry, eno cqu|pmcn| e||echco |o |hc cer|h or
pcrmencn||y fes|cnco |o |hc cer|h compr|sco |hcrc|n, |n rcspcc| of vh|ch |hc !o|n| vcn|urc cn|||y |s es e ovncr sc|zco eno posscssco of eno
o|hcrv|sc vc|| eno fu||y cn||||co |o co|h prcscn| eno fu|urc essc|s.
,v) Sccurco cy |n||sh mor|ec/ hypo|hcce||on of e|| prcscn| eno fu|urc nxco eno movec|c essc|s of |ec|neer || ,4*25O) V\ of bher|||ye
|e|| b|||cc Compeny ||o., e sucs|o|ery compeny, es nrs| cherc, ren||n per| pessu v||h cherc e|rceoy crce|co v||h ||C for oO% of |o|e| occ|s
eno ce|encc 4O% v||h ||C.
,v|) Sccurco cy cqu||ec|c mor|ec/hypo|hcce||on of e|| |hc prcscn| eno fu|urc ||xco /ssc|s eno Vovcec|c /ssc|s of |ovcr ||en| eno essoc|e|co
||G fec|||||cs e| v|||ec /nenvc| Guheer, ||s||. |e|ne|r| cc|on|n |o !o|n| vcn|urc cn|||y.
,v||) Sccurco cy e nrs| pr|or||y cherc on e|| essc|s of |hc |rocc|, prcscn| & fu|urc, movec|c & |mmovec|c eno |eno from consor||um |co cy Sbl for
|en|| b||cc 0|peoen ||em ||o. cxpens|on procc|. hc sccur||y v||| ren| per|-pesu v||h e|| |crm |cnocrs of |hc procc|. hc cherc hes cccn
crce|co |n fevour of Sccur||y |rus|cc |.c. Sbl Cep rus|cc Co. ||o. |ce| mor|ec of |eno |n fevour of sccur||y |rus|cc |s pcno|n.
,v|||) Sccurco cy |qu||ec|c mor|ec, cy vey of nrs| cherc, cy ocpos|| of |hc ||||c occos of |hc |mmovec|c propcr||cs pcr|e|n|n |o Vce hcrme|
|ovcr |rocc|. |cco of |ypo|hcce||on for e|| prcscn| eno fu|urc movec|c essc|s of Vce 0re ||em |r|ve|c ||m||co hes e|so cccn cxccu|co
v||h |hc Sccur||y rus|cc.
,|x) Sccurco cy e nrs| pr|or||y cherc on e|| essc|s of |hc |ec|neer |ovcr Gcncre||n Compeny |v|.||o., prcscn| eno fu|urc, movec|c eno
|mmovec|c |hrouh e occo of hypo|hcce||on eno s|mp|c mor|ec of |eno.
,x) Sccurco cy nrs| cherc on e|| movec|c eno |mmovec|c, prcscn| eno fu|urc essc|s of |hc ||C em||neou |ncry Compeny ||o.
l Sccurco ee|ns| nxco essc|s oc|e|nco unocr nnencc |cesc.
ll Sccur||y covcr mcn||onco e| s|. no. l |o |s ecovc 1OO% of |hc occ| sccur|||cs ou|s|eno|n.
37
th
5A. Short term borrowings
` Crorc
As at 31.03.2013 31.O3.2O12
Loans repayable on demand
From Banks
Secured
Cesh Crco|| 382.16 15O.1o
Total
#
382.16 15O.1o
# lnc|uocs ` 347.12 crore ,prcv|ous ycer ` 1O9.94 crorc) sherc of o|n||y con|ro||co cn||||cs.
e) lnc|uocs cesh crco|| fu||y sccurco ee|ns| s|oc| |n |reoc of |en|| b||cc 0|peoen ||em ||o. v||h |n|crcs| es pcr prcve|||n cen| norms.
c) lnc|uocs corrov|ns sccurco cy vey of nrs| per|-pessu cherc e|on v||h |ovcr ||nencc Corpore||on ||o. on |hc nxco essc|s, rcvcnuc eno
rccc|vec|cs of /reve|| |ovcr Compeny |v|. ||o. |n fevour of ||s vor||n cep||e| |cno|n cen|s. |e|c of |n|crcs| |s epp||cec|c e| |hc cen| cesc re|c of
|hc rcspcc||vc cen|s.
c) lnc|uocs ben| ovcroref| sccurco cy cherc on sperc, prcscn| eno fu|urc s|oc| of coe| eno fuc| e| ver|ous p|eccs of ||C em||neou |ncry Compeny
||m||co.
o) hcrc hes cccn no ocfeu|| |n peymcn| of pr|nc|pe| eno |n|crcs| es e| |hc cno of |hc ycer.
6. Deferred tax liabilities (net)
` Crorc
/s e|
O1.O4.2O12
/oo|||ons/
/ous|mcn|s
our|n |hc ycer
As at
31.03.2013
|cfcrrco |ex ||ec||||y
||ffcrcncc of coo| ocprcc|e||on eno |ex ocprcc|e||on o,2O1.99 317.9O 6,519.89
|css: |cfcrrco |ex essc|s
|rov|s|ons & o|hcr o|se||ovenccs for |ex purposcs 1,153.O8 ,3o3.44) 789.64
||se||ovenccs u/s 43b of |hc lncomc ex /c|, 19o1 329.82 4.31 334.13
4,719.O9 o77.O3 5,396.12
|css:-|ccovcrec|c from ccncnc|er|cs 3,954.oO 3oO.8O 4,315.40
o|e|
#
7o4.49 31o.23 1,080.72
# lnc|uocs ` 183.23 crore ,prcv|ous ycer ` 12o.15 crorc) sherc of o|n||y con|ro||co cn||||cs.
e) hc nc| |ncrcesc our|n |hc ycer |n |hc ocfcrrco |ex ||ec||||y of ` 316.23 crore ,prcv|ous ycer ` 92.84 crorc) hes cccn occ||co |o S|e|cmcn| of |ron|
eno |oss.
c) |cfcrrco |ex essc|s eno ocfcrrco |ex ||ec|||||cs hevc cccn offsc| es |hcy rc|e|c |o |hc semc ovcrn|n |evs.
7. Other long-term liabilities
` Crorc
As at 31.03.2013 31.O3.2O12
|cfcrrco forc|n currcncy nuc|ue||on ||ec||||y 135.60 134.43
O|hcr ||ec|||||cs
|eyec|c for cep||e| cxpcno||urc 2,066.54 1,o44.7o
O|hcrs 4.84 o.97
Total
#
2,213.81 1,791.57
# lnc|uocs ` 21.36 crore ,prcv|ous ycer ` 4.4o crorc) sherc of o|n||y con|ro||co cn||||cs.
e) ln ||nc v||h eccoun||n po||cy no.|.3 ,|o|c 1) ocfcrrco forc|n currcncy nuc|ue||on ||ec||||y |o |hc cx|cn| of ` 1.17 crore ,prcv|ous ycer ` 37.7o crorc)
hes cccn meoc our|n |hc ycer.
c) O|hcr ||ec|||||cs - O|hcrs |nc|uoc ocpos||s rccc|vco from con|rec|ors, cus|omcrs eno per||cs |overos se|c of screp c|c.
8. Long-term provisions
` Crorc
As at 31.3.2013 31.O3.2O12
Opcn|n ce|encc 613.85 5o8.52
/oo|||ons/ ,eous|mcn|s) our|n |hc ycer 138.63 45.33
C|os|n ce|encc 752.48 o13.85
Con|rec|ue| oc||e||ons
Opcn|n ce|encc 9.64 -
/oo|||ons our|n |hc ycer 1.70 9.78
/moun|s eous|co our|n |hc ycer 2.62 O.14
C|os|n ce|encc 8.72 9.o4
Total
#
761.20 o23.49
# lnc|uocs ` 21.26 crore ,prcv|ous ycer ` 19.79 crorc) sherc of o|n||y con|ro||co cn||||cs.
||sc|osurc rcqu|rco cy /S 15 on '|mp|oyccs bcncn|s' hes cccn meoc |n |o|c no.4O.
37
th
9. Trade payables ` Crorc
As at 31.03.2013 31.O3.2O12
|or ooos eno scrv|ccs
#
5,888.67 5,O37.97
# lnc|uocs ` 237.30 crore ,prcv|ous ycer ` 2O9.42 crorc) sherc of o|n||y con|ro||co cn||||cs.
10. Other current liabilities
` Crorc
As at 31.03.2013 31.O3.2O12
Currcn| me|ur|||cs of |on |crm corrov|ns
bonos-Sccurco 693.00 o93.OO
|rom ben|s
Sccurco
|upcc |crm |oens 192.87 1o8.7O
0nsccurco
O|hcr forc|n currcncy |oens 233.59 219.o4
|upcc |crm |oens 1,759.13 1,o95.35
|rom O|hcrs
Sccurco
|upcc |crm |oens 357.82 25o.o3
|orc|n currcncy |oen ,ueren|cco cy GOl) 96.44 18o.38
0nsccurco
|orc|n currcncy |oens ,ueren|cco cy GOl) 171.73 183.o4
O|hcr forc|n currcncy |oens 576.19 o4o.O4
|upcc |crm |oens 1367.73 74O.33
||xco ocpos||s 0.11 11.79
5,448.61 4,8O1.5O
Currcn| me|ur|||cs of nnencc |cesc oc||e||ons-sccurco 0.29 O.49
ln|crcs| eccruco cu| no| ouc on corrov|ns 670.55 533.O2
0npe|o o|v|ocnos 15.67 11.5O
0npe|o me|urco ocpos||s eno |n|crcs| eccruco |hcrcon 0.20 O.2o
0npe|o me|urco conos eno |n|crcs| eccruco |hcrcon 0.59 O.59
boo| ovcroref| 20.88 3.o4
/ovenccs from cus|omcrs eno o|hcrs 424.50 419.27
|eyec|c for cep||e| cxpcno||urc 4,195.52 4,4OO.Oo
O|hcr peyec|cs
ex ocouc|co e| sourcc eno o|hcr s|e|u|ory oucs 189.46 1o9.34
|cpos||s from con|rec|ors eno o|hcrs 1,264.91 1,2O5.71
Gre|u||y oc||e||ons 93.12 oO.1o
|eyec|c |o cmp|oyccs 468.81 332.O2
O|hcrs 349.43 258.23
Total
#
13,142.54 12,195.79
# lnc|uocs ` 1,490.20 crore ,prcv|ous ycer ` 1,453.54 crorc) sherc of o|n||y con|ro||co cn||||cs.
e) 0npe|o o|v|ocnos, me|urco ocpos||s eno conos |nc|uo|n |hc |n|crcs| eccruco |hcrcon |nc|uoc |hc emoun|s vh|ch hevc no| cccn c|e|mco cy |hc
|nvcs|or/ho|ocrs of |hc cqu||y shercs/conos/nxco ocpos||s. Ou| of |hc ecovc, no emoun| |s ouc for peymcn| |o |nvcs|or couce||on eno pro|cc||on
funo.
c) |c|e||s |n rcspcc| of re|c of |n|crcs| eno |crms of rcpeymcn| of sccurco eno unsccurco currcn| me|ur|||cs of |on |crm corrov|ns |no|ce|co ecovc
erc o|sc|osco |n |o|c 5.
c) O|hcr peyec|cs - O|hcrs |nc|uoc emoun| peyec|c |o hosp||e|s, rc||rco cmp|oyccs c|c..
o) |eyec|c for cep||e| cxpcno||urc |nc|uocs ||ec|||||cs of ` 378.77 crore ,prcv|ous ycer ` 371.O1 crorc) |overos en cqu|pmcn| supp||cr pcno|n
cve|ue||on of pcrformencc eno ueren|cc |cs| rcsu||s of s|cem/|urc|nc cncre|ors e| somc of |hc s|e||ons. |cno|n sc|||cmcn|, ||qu|oe|co oemecs
rccovcrec|c for shor|fe|| |n pcrformencc of |hcsc cqu|pmcn|s, |f eny, hevc no| cccn rccon|sco.
37
th
11. Short-term provisions
` Crorc
As at 31.03.2013 31.O3.2O12
Opcn|n ce|encc 1,163.67 1,183.28
/oo|||ons/ ,eous|mcn|s) our|n |hc ycer 266.16 ,19.o1)
C|os|n ce|encc 1,429.83 1,1o3.o7
Opcn|n ce|encc 473.29 oo2.18
/oo|||ons our|n |hc ycer 1,718.27 473.29
/moun|s usco our|n |hc ycer 473.29 oo2.18
C|os|n ce|encc 1,718.27 473.29
Opcn|n ce|encc 76.78 1O7.o5
/oo|||ons our|n |hc ycer 291.99 7o.78
/moun|s pe|o our|n |hc ycer 76.78 1O7.o5
C|os|n ce|encc 291.99 7o.78
|rov|s|on for oc||e||ons |nc|ocn|e| |o |eno ecqu|s|||on
Opcn|n ce|encc 376.97 3O9.o9
/oo|||ons our|n |hc ycer 1,969.15 138.4o
/moun|s pe|o our|n |hc ycer 138.98 25.58
/moun|s eous|co our|n |hc ycer (21.58) 45.oO
C|os|n ce|encc 2,228.72 37o.97
|rov|s|on for |er|ff eous|mcn|
Opcn|n ce|encc 1,228.39 14.o9
/oo|||ons our|n |hc ycer 104.90 1,52o.45
/moun|s rcvcrsco our|n |hc ycer - 312.75
C|os|n ce|encc 1,333.29 1,228.39
|rov|s|on for shor|ec |n nxco essc|s pcno|n |nvcs||e||on
Opcn|n ce|encc 1.31 1.OO
/oo|||ons our|n |hc ycer 0.27 O.74
/moun|s eous|co our|n |hc ycer 0.10 O.O7
/moun|s rcvcrsco our|n |hc ycer 0.39 O.3o
C|os|n ce|encc 1.09 1.31
O|hcrs
Opcn|n ce|encc 90.68 2O.71
/oo|||ons our|n |hc ycer 224.72 43.oO
/moun|s eous|co our|n |hc ycer 29.11 ,2o.37)
/moun|s rcvcrsco our|n |hc ycer 0.46 -
C|os|n ce|encc 285.83 9O.o8
Total
#
7,289.02 3,411.O9
# lnc|uocs ` 155.18 crore ,prcv|ous ycer ` 1o7.37 crorc) sherc of o|n||y con|ro||co cn||||cs.
e) ||sc|osurc rcqu|rco cy /S 15 on '|mp|oyccs bcncn|s' hes cccn meoc |n |o|c no.4O.
c) ln |crms of u|oc||ncs of |cper|mcn| of |uc||c |n|crpr|scs ,|||), Govcrnmcn| of lno|e ,GOl) oe|co 2o.11.2OO8 eno O2.O4.2OO9 eno sucsqucn|
c|er|nce||on |ssuco cy |hc |||, |hc Compeny |s e||ovco |o con|r|cu|c up|o 3O% of cmp|oyccs se|ery ,ces|c pey p|us |/) |overos supcrennue||on
ccncn|s |nc|uo|n pcns|on v.c.f. 1
s|
!enuery 2OO7. Conscqucn| upon rccc|p| of epprove| from |hc V|n|s|ry of |ovcr ,Vo|), GOl for |n|roouc||on of
e ocnnco con|r|cu||on pcns|on schcmc |n |hc Compeny v.c.f 1
s|
!enuery 2OO7, e scpere|c pcns|on |rus| hes cccn formco for eom|n|s|re||on of |hc
pcns|on schcmc. hc pcns|on schcmc |s yc| |o cc meoc opcre||one| es c|er|nce||on on ccr|e|n |ssucs rcfcrrco |o Vo| eno ||| erc eve||co. |cno|n
|h|s, en emoun| of ` 156.90 crore ,prcv|ous ycer ` 174.55 crorc) for |hc ycer eno ` 458.40 crore up |o 31
s|
Verch 2O13 ,up|o |hc prcv|ous ycer
` 3O1.5O crorc) hes cccn prov|oco eno |nc|uoco |n prov|s|on for cmp|oycc ccncn|s.
c) O|hcr prov|s|ons |nc|uoc ` 46.27 crore ,prcv|ous ycer ` 41.19 crorc) |overos cos| of unnn|shco m|n|mum vor| proremmc ocmenoco cy |hc
V|n|s|ry of |c|ro|cum eno |e|ure| Ges ,Vo|&|G) |nc|uo|n |n|crcs| |hcrcon |n rc|e||on |o c|oc| //-O||-2OO3/2 _|cfcr |o|c 31 | ,||), eno ` 200.84
crore ,prcv|ous ycer ` 18.O7 crorc) |overos prov|s|on for ||||e||on cescs.
37
th
12. Tangible assets ` Crorc
Gross b|oc| |cprcc|e||on//mor||se||on |c| b|oc|
/s e|
O1.O4.2O12
/ous|mcn|s
As at
31.03.2013
0p|o
O1.O4.2O12
|or
|hc ycer
|couc||ons/
/ous|mcn|s
Upto
31.03.2013
As at
31.03.2013
/s e|
31.O3.2O12
|eno :
|rccho|o 2,98o.22 1,272.43 ,944.99) 5,203.64 - - - - 5,203.64 2,98o.22
|cescho|o 724.o4 75O.58 ,53.91) 1,529.13 141.o8 29.5o ,2.o2) 173.86 1,355.27 582.9o
|oeos,cr|ocs, cu|vcr|s & hc||peos 53o.o3 98.78 ,2.8o) 638.27 181.8o 25.O1 ,O.O2) 206.89 431.38 354.77
bu||o|n :
|rccho|o
Ve|n p|en| 3,7O3.13 1,31O.32 ,73.8o) 5,087.31 1,257.o2 138.35 ,O.71) 1,396.68 3,690.63 2,445.51
O|hcrs 2,371.O4 257.39 ,8.22) 2,636.65 884.71 1O5.2O ,O.29) 990.20 1,646.45 1,48o.33
|cescho|o 5O.9o - ,O.o5) 51.61 24.74 3.OO - 27.74 23.87 2o.22
cmporery crcc||on 34.94 4.o7 1.44 38.17 33.14 2.53 O.32 35.35 2.82 1.8O
\e|cr supp|y, ore|nec & scvcrec sys|cm o42.92 43.91 ,1.99) 688.82 298.25 23.8O ,O.1O) 322.15 366.67 344.o7
VG| |rec| eno s|ne|||n sys|cm 1,2o7.97 24.84 ,o2.75) 1,355.56 593.15 42.72 ,O.O1) 635.88 719.68 o74.82
|e||vey s|o|n 433.53 5o.oO ,7.58) 497.71 157.47 22.31 O.O5 179.73 317.98 27o.Oo
|er|h oem rcscrvo|r 298.22 38.17 ,O.8O) 337.19 95.38 1o.45 ,O.O1) 111.84 225.35 2O2.84
||en| eno cqu|pmcn| 73,o8O.28 18,544.47 ,1,111.29) 93,336.04 32,939.3O 3,811.87 9o.4o 36,654.71 56,681.33 4O,74O.98
|urn||urc eno nx|urcs 4O5.97 4O.87 2.82 444.02 238.19 18.88 2.22 254.85 189.17 1o7.78
vch|c|cs |nc|uo|n spccocoe|s
Ovnco 12.19 O.73 1.31 11.61 o.O2 O.73 O.o7 6.08 5.53 o.17
|cesco 2.O7 O.O2 ,O.24) 2.33 1.43 O.5o ,O.O3) 2.02 0.31 O.o4
Ofncc cqu|pmcn| 143.94 22.94 2.79 164.09 72.9o 9.3o 3.11 79.21 84.88 7O.98
|||, \| mech|ncs eno se|com cqu|pmcn| 375.19 41.52 14.O9 402.62 2oO.O1 28.13 12.o7 275.47 127.15 115.18
Cons|ruc||on cqu|pmcn|s 1o1.15 15.49 1.28 175.36 82.o3 1O.48 2.34 90.77 84.59 78.52
||cc|r|ce| |ns|e||e||ons 33o.7o 7o.27 ,2.9o) 415.99 153.O8 13.5o O.21 166.43 249.56 183.o8
Commun|ce||on cqu|pmcn|s 94.84 4.1O O.oO 98.34 49.29 5.OO O.82 53.47 44.87 45.55
|osp||e| cqu|pmcn|s 29.34 3.37 O.2O 32.51 15.44 O.99 O.1o 16.27 16.24 13.9O
|ecore|ory eno vor|shop cqu|pmcn|s 41.o5 11.27 ,O.O8) 53.00 13.2o 2.O1 ,O.O1) 15.28 37.72 28.39
/ssc|s unocr 5 |V schcmc of |hc GOl - O.53 - 0.53 - O.O1 - 0.01 0.52 -
Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc
Compeny
219.o1 5.4o ,O.23) 225.30 14O.11 12.78 O.32 152.57 72.73 79.5O
/ssc|s of Govcrnmcn| 2.84 - O.O3 2.81 - - - - 2.81 2.84
|css:Gren|s from Govcrnmcn| 2.84 - O.O3 2.81 - - - - 2.81 2.84
Total
#
88,553.19 22,624.73 (2,247.88) 113,425.80 37,639.72 4,323.29 115.55 41,847.46 71,578.34 50,913.47
|rcv|ous ycer 78,9O7.o2 7,734.38 ,1,911.19) 88,553.19 34,255.47 3,45O.9o oo.71 37,o39.72 5O,913.47 44,o52.15
# lnc|uocs ` 8,270.35 crore ,prcv|ous ycer ` 5,449.53 crorc) sherc of o|n||y con|ro||co cn||||cs.
e) hc convcyenc|n of |hc ||||c |o 12,211 acres of frccho|o |eno of ve|uc ` 1788.36 crore ,prcv|ous ycer 1O,8oO ecrcs of ve|uc ` 584.O2 crorc), cu||o|ns &
s|ruc|urcs of ve|uc ` 136.74 crore ,prcv|ous ycer ` 13o.oO crorc), eno e|so cxccu||on of |cesc erccmcn|s for 10,703 acres of |eno of ve|uc ` 476.70 crore
,prcv|ous ycer 9,494 ecrcs, ve|uc ` 337.3o crorc) |n fevour of |hc Compeny erc eve|||n comp|c||on of |ce| forme||||cs.
c) |cescho|o |eno |nc|uocs 2,002 acres ve|u|n ` 642.07 crore ,prcv|ous ycer 819 ecrcs ve|u|n ` 29.o7 crorc) ecqu|rco on pcrpc|ue| |cesc eno eccoro|n|y
no| emor||sco.
c) |eno oocs no| |nc|uoc cos| of 1,181 acres ,prcv|ous ycer 1,181 ecrcs) of |eno |n posscss|on of |hc Compeny. h|s v||| cc eccoun|co for on sc|||cmcn| of
|hc pr|cc |hcrcof cy |hc S|e|c Govcrnmcn| /u|hor|||cs.
o) |eno |nc|uocs 1,233 acres of ve|uc ` 14.99 crore ,prcv|ous ycer 1,237 ecrcs of ve|uc ` 14.9O crorc) no| |n posscss|on of |hc Compeny. hc Compeny |s
|e||n eppropr|e|c s|cps for rcposscss|on of |hc semc.
c) |eno |nc|uocs en emoun| of ` 152.48 crore ,prcv|ous ycer ` 124.77 crorc) ocpos||co v||h ver|ous eu|hor|||cs |n rcspcc| of |eno |n posscss|on vh|ch |s
succc| |o eous|mcn| on nne| oc|crm|ne||on of pr|cc.
f) |osscss|on of |eno mcesur|n 98 acres ,prcv|ous ycer 98 ecrcs) cons|s||n of 79 acres of frcc-ho|o |eno ,prcv|ous ycer 79 ecrcs) eno 19 acres of |cesc ho|o
|eno ,prcv|ous ycer 19 ecrcs) of ve|uc ` 0.21 crore ,prcv|ous ycer ` O.21 crorc) ves |rensfcrrco |o 0||er |reocsh |eye v|oyu| 0|peoen ||em ||o. ,crs|vh||c
0|S|b) for e cons|ocre||on of ` 0.21 crore. |cno|n epprove| for |rensfcr of |hc se|o |eno, |hc erce eno ve|uc of |h|s |eno hes cccn |nc|uoco |n |hc |o|e| |eno
of |hc Compeny. hc cons|ocre||on rccc|vco from crs|vh||c 0|S|b |s o|sc|osco unocr |o|c -1O - 'O|hcr Currcn| ||ec|||||cs -es o|hcr ||ec|||||cs'.
) V|n|s|ry of |ovcr, Govcrnmcn| of lno|e v|oc ||s no||nce||on no. 2/38/99-b|S ,vo|umc vll) oe|co 22
no
Scp|cmccr 2OOo |rensfcrrco |eno of e povcr s|e||on |o
|hc Compeny on opcre||n |cesc of 5O ycers. |cesc rcn| for |hc ycer emoun||n |o ` 6.20 crore ,prcv|ous ycer ` o.18 crorc) hes cccn cherco |o |hc S|e|cmcn|
of |ron| eno |oss.
h) hc Compeny hes rccc|vco en op|n|on from |hc |/C of |hc lC/l on eccoun||n |rce|mcn| of cep||e| cxpcno||urc on essc|s no| ovnco cy |hc Compeny
vhcrc|n || ves op|nco |he| such cxpcno||urc erc |o cc cherco |o |hc s|e|cmcn| of pron| eno |oss es eno vhcn |ncurrco. hc Compeny hes rcprcscn|co |he|
37
th
such cxpcno||urc cc|n csscn||e| for sc|||n up of e procc|, |hc semc cc eccoun|co |n ||nc v||h |hc cx|s||n eccoun||n prec||cc eno souh| e rcv|cv. |cno|n
rccc|p| of commun|ce||on from lC/l rcero|n |hc rcv|cv, cx|s||n |rce|mcn| hes cccn con||nuco es pcr |hc rc|cven| eccoun||n po||cy.
|) /ssc|s unocr 5 |V schcmc of |hc GOl rcprcscn| cxpcno||urc on c|cc|r|nce||on of v|||ecs v||h|n 5 |V pcr|phcry of |hc p|en|.
) |rom |hc eccoun||n pcr|oos commcnc|n on or ef|cr 7
|h
|cccmccr 2OOo, |hc Compeny eous|s cxchenc o|ffcrcnccs er|s|n on |rens|e||on/sc|||cmcn| of
|on-|crm forc|n currcncy monc|ery ||cms rc|e||n |o |hc ecqu|s|||on of e ocprcc|ec|c essc| |o |hc cos| of essc| eno ocprcc|e|cs |hc semc ovcr |hc rcme|n|n
||fc of |hc essc|.
|) hc corrov|n cos|s cep||e||sco our|n |hc ycer cnoco 31
s|
Verch 2O13 |s ` 2,718.48 crore ,prcv|ous ycer ` 2,782.88 crorc). hc Compeny cep||e||sco |hc
corrov|ns cos|s |n |hc cep||e| vor|-|n-prorcss ,C\l|). S|m||er|y, cxchenc o|ffcrcnccs for |hc ycer erc o|sc|osco |n |hc '/oo|||on' co|umn of C\l| eno
e||oce|co |o ver|ous hceos of C\l| |n |hc ycer of cep||e||se||on |hrouh '|couc||ons//ous|mcn|' co|umn of C\l|. |xchenc o|ffcrcnccs |n rcspcc| of essc|s
e|rceoy cep||e||sco erc o|sc|osco |n |hc '|couc||ons//osu|mcn|' co|umn of nxco essc|s. /ssc|-v|sc oc|e||s of cxchenc o|ffcrcnccs eno corrov|n cos|s
|nc|uoco |n |hc cos| of meor nxco essc|s eno C\l| |hrouh '/oo|||on' or '|couc||ons//ous|mcn|' co|umn erc |vcn cc|ov:
` Crorc
st
s|
Verch 2O12
Exch. difference
incl in xed assets/
Borrowing costs
incl in xed assets/
|xch. o|ffcrcncc
|nc| |n nxco essc|s/
borrov|n cos|s
|nc| |n nxco essc|s/
CWIP CWIP C\l| C\l|
bu||o|n :
Ve|n p|en| 2.15 165.89 2o.94 7O.23
O|hcrs 0.18 33.92 3.73 34.1o
|yoreu||c vor|s, cerrecs, oems, |unnc|s eno povcr chennc| - 194.24 - 238.53
VG| |rec| eno s|ne|||n sys|cm - 12.82 1.54 7.84
|e||vey s|o|n 0.03 18.42 O.O3 5.27
||en| eno cqu|pmcn| 655.55 1,906.36 1,O2o.74 1,899.17
O|hcrs |nc|uo|n pcno|n e||oce||on 398.10 386.83 oO2.23 527.o8
Total 1,056.01 2,718.48 1,oo1.21 2,782.88
Intangible assets ` Crorc
Gross b|oc| /mor||se||on |c| b|oc|
/s e|
O1.O4.2O12
/ous|mcn|s
As at
31.03.2013
0p|o
O1.O4.2O12
|or
|hc ycer
|couc||ons/
/ous|mcn|s
Upto
31.03.2013
As at
31.03.2013
/s e|
31.O3.2O12
Sof|verc 95.87 3.3o O.79 98.44 9O.28 2.99 ,O.23) 93.50 4.94 5.59
||h| of 0sc - |eno 7.79 41.17 ,O.1O) 49.06 2.51 2.38 - 4.89 44.17 5.28
- O|hcrs 222.58 - ,7.27) 229.85 1o.O5 9.1o - 25.21 204.64 2Oo.53
Total
#
326.24 44.53 (6.58) 377.35 108.84 14.53 (0.23) 123.60 253.75 217.40
|rcv|ous ycer 299.o8 o.7o ,19.8O) 32o.24 9O.83 17.1o ,O.85) 1O8.84 217.4O 2O8.85
e) hc r|h| of usc of |eno, o|hcr |hen pcrpc|ue| |n ne|urc, |s emor||sco ovcr ||s ||fc or 25 ycers vh|ccvcr |s |css.
c) Cos| of ecqu|s|||on of |hc r|h| for orev| of ve|cr emoun||n |o ` 226.33 crore ,prcv|ous ycer ` 219.Oo crorc) |s |nc|uoco unocr |n|en|c|c essc|s ||h| of usc - O|hcrs.
Depreciation/amortisation of Tangible and Intangible Assets for the year is allocated as given below: ` Crorc
31.03.2013 31.O3.2O12
Cherco |o S|e|cmcn| of |ron| eno |oss 3,823.22 3,1O7.O9
/||oce|co |o |hc fuc| cos| 216.33 18O.O4
rensfcrrco |o ocvc|opmcn| of coe| m|ncs 1.20 O.98
/ous|mcn| v||h ocffcrco |ncomc/cxpcnsc from ocfcrrco forc|n currcncy nuc|ue||on 255.70 142.84
4,337.82 3,4o8.12
37
th
13. Capital work-in-progress
` Crorc
/s e|
|couc||ons &
/ous|mcn|s Cep||e||sco
As at
31.03.2013
|cvc|opmcn| of |eno 5o1.13 133.19 115.O3 O.O4 579.25
|oeos, cr|ocs, cu|vcr|s & hc||peos 1O3.29 51.39 ,32.74) 98.32 89.10
||||n eno founoe||on 95O.99 151.59 2O1.31 - 901.27
bu||o|ns :
Ve|n p|en| 2,9O5.21 1,OO7.9O 529.79 1,3O4.45 2,078.87
O|hcrs 594.o8 474.38 7O.18 2o3.47 735.41
cmporery crcc||on 15.98 o.22 13.2O 2.15 6.85
\e|cr supp|y, ore|nec eno scvcrec sys|cm 75.42 28.74 O.25 39.48 64.43
|yoreu||c vor|s, cerrecs, oems, |unnc|s eno povcr chennc| 3,452.97 o45.23 2.1O - 4,096.10
VG| |rec| eno s|ne|||n sys|cm 219.57 221.3o 99.O4 24.84 317.05
|e||vey s|o|n 219.42 12o.15 ,78.18) 5o.oO 367.15
|er|h oem rcscrvo|r 73.5o 14.4O 2.O9 35.34 50.53
||en| eno mech|ncry 3o,54o.18 12,O78.8o ,1,349.48) 18,342.31 31,632.21
|urn||urc eno nx|urcs 5.82 18.53 O.O4 12.32 11.99
vch|c|cs O.18 - ,O.4o) - 0.64
Ofncc cqu|pmcn| 4.95 O.82 2.24 O.21 3.32
|||/\| mech|ncs & se|com cqu|pmcn| O.22 2.21 ,2.11) O.23 4.31
Cons|ruc||on cqu|pmcn|s O.45 O.O3 O.37 - 0.11
||cc|r|ce| |ns|e||e||ons 2O8.8o 8o.O8 88.13 54.3O 152.51
Commun|ce||on cqu|pmcn| 1.93 1.98 ,O.15) O.98 3.08
|osp||e| cqu|pmcn|s O.38 - O.23 - 0.15
|ecore|ory eno vor|shop cqu|pmcn|s 1.4o - 1.3O - 0.16
/ssc|s unocr 5 |V schcmc of |hc GOl 2.24 48.o7 ,7.85) O.53 58.23
Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc compeny 19.81 32.57 13.oo 5.4o 33.26
|xp|ore|ory vc||s-|n-prorcss 7.oo - O.O2 - 7.64
|cvc|opmcn| of coe| m|ncs 279.74 9o.42 ,O.OO) - 376.16
4o,252.1O 15,22o.72 ,331.99) 2O,241.O3 41,569.78
Survcy, |nvcs||e||on, consu||ency eno supcrv|s|on chercs 317.79 41.11 23.35 - 335.55
||ffcrcncc |n cxchenc on forc|n currcncy |oens o28.o8 795.23 572.55 - 851.36
|xpcno||urc |overos o|vcrs|on of forcs| |eno 172.1o 78.83 1o.99 - 234.00
|rc-comm|s|on|n cxpcnscs ,nc|) 257.13 371.o4 528.38 - 100.39
|xpcno||urc our|n cons|ruc||on pcr|oo ,nc|) 37O.OO 3,o9o.32 * ,399.9O) - 4,466.22
|css: /||oce|co |o rc|e|co vor|s - 3,833.98 - - 3,833.98
47,997.8o 1o,375.87 4O9.38 2O,241.O3 43,723.32
|css: |rov|s|on for unscrv|ccec|c vor|s 22.45 - ,48.99) - 71.44
Construction stores (net of provision) 2,421.58 - ,479.9O) - 2,901.48
Total
#
5O,39o.99 1o,375.87 ,21.53) 2O,241.O3 46,553.36
|rcv|ous ycer 41,O91.99 1o,9Oo.18 787.49 o,813.o9 5O,39o.99
# lnc|uocs ` 5,242.45 crore ,prcv|ous ycer ` o,o28.oO crorc) sherc of o|n||y con|ro||co cn||||cs.
e) Cons|ruc||on s|orcs erc nc| of prov|s|on for shor|ecs pcno|n |nvcs||e||on emoun||n |o ` 0.63 crore ,prcv|ous ycer ` 1.28 crorc)
c) |rc-comm|ss|on|n cxpcnscs for |hc ycer emoun||n |o ` 672.32 crore ,prcv|ous ycer ` o17.38 crorc) eno ef|cr eous|mcn| of prc-comm|ss|on|n
se|cs of ` 300.68 crore ,prcv|ous ycer ` 3O7.O2 crorc) rcsu||co |n nc| prc-comm|ss|on|n cxpcno||urc of ` 371.64 crore ,prcv|ous ycer ` 31O.3o
crorc).
c) /oo|||ons |o |hc ocvc|opmcn| of coe| m|ncs |nc|uocs cxpcno||urc our|n cons|ruc||on pcr|oo of ` 96.42 crore ,prcv|ous ycer ` 84.o9 crorc)
o) Assets under 5 KM scheme of the GOI:
/ssc|s unocr 5 |V schcmc of |hc GOl rcprcscn| cxpcno||urc on c|cc|r|nce||on of v|||ecs v||h|n 5 |V pcr|phcry of |hc cncre||on p|en|s of |hc
Compeny |n |crms of VO| Schcmc.
/s e| |couc||ons & As at
O1.O4.2O12 /oo|||ons /ous|mcn|s Cep||e||sco 31.03.2013
Intangible Assets under Development
Sof|verc 1.27 O.O5 O.O4 - 1.28
Total
#
1.27 O.O5 O.O4 - 1.28
|rcv|ous ycer O.O3 1.24 - - 1.27
37
th
14. Non-current Investments
` Crorc
As at 31.03.2013 31.O3.2O12
|umccr of
shercs/conos/
sccur|||cs
|ecc ve|uc pcr
sherc/cono/
sccur||y
Currcn| ycer/
,prcv|ous ycer)
Currcn| ycer/
,prcv|ous ycer) ,`)
Long term-Trade
Equity Instruments (fully paid up-unless otherwise stated)
Quoted
Joint Venture Companies
|C lno|e ||o. 12OOOOOO
,12OOOOOO)
1O
,1O)
12.00 12.OO
12.00 12.OO
Cooperative societies
* *
Unquoted
8.50 % Tax-Free State Government Special Bonds of the Government of
/nohre |reocsh 25213OO
,378195O)
1OOO
,1OOO)
252.13 378.2O
/ssem 1O2928
,154392)
1OOO
,1OOO)
10.29 15.44
b|her 37888OO
,5o832OO)
1OOO
,1OOO)
378.88 5o8.32
Che|||serh 9oo44O
,1449ooO)
1OOO
,1OOO)
96.64 144.97
Guere| 1o7448O
,251172O)
1OOO
,1OOO)
167.45 251.17
|eryene 215OOOO
,3225OOO)
1OOO
,1OOO)
215.00 322.5O
||meche| |reocsh oo77o
,1OO1o4)
1OOO
,1OOO)
6.68 1O.O2
!emmu eno |eshm|r 73472O
,11O2O8O)
1OOO
,1OOO)
73.47 11O.21
!her|heno 192O25o
,288O37o)
1OOO
,1OOO)
192.03 288.O4
|cre|e 2OO48OO
,3OO72OO)
1OOO
,1OOO)
200.48 3OO.72
Veohye |reocsh 1oo1o8O
,249252O)
1OOO
,1OOO)
166.17 249.25
Veheresh|re 7o28OO
,11442OO)
1OOO
,1OOO)
76.28 114.42
Or|sse 22O5748
,33O8o22)
1OOO
,1OOO)
220.57 33O.8o
|unec o924oO
,1O38o9O)
1OOO
,1OOO)
69.25 1O3.87
|ees|hen 435OOO
,435OOO)
1OOO
,1OOO)
43.50 43.5O
S||||m o8392
,1O2588)
1OOO
,1OOO)
6.84 1O.2o
,119o97OO)
1OOO
,1OOO)
797.98 1,19o.97
0||erenche| 7993OO
,119895O)
1OOO
,1OOO)
79.93 119.89
\cs| bcne| 234849o
,3522744)
1OOO
,1OOO)
234.85 352.27
3,288.42 4,91O.88
Total
#
3,300.42 4,922.88
Quoted investments
boo| ve|uc 12.00 12.OO
Ver|c| ve|uc 71.94 73.32
Unquoted investments
boo| ve|uc 3,288.42 4,91O.88
lnvcs|mcn|s hevc cccn ve|uco cons|ocr|n |hc eccoun||n po||cy no. ! ,|o|c1).
* |qu||y shercs of ` 30,200/- ,prcv|ous ycer ` 3O,2OO/-) hc|o |n ver|ous Compeny's cmp|oyccs co-opcre||vc soc|c||cs.
# Sherc of o|n||y con|ro||co cn||||cs |s ` Nil ,prcv|ous ycer ` |||).
37
th
15. Long-term loans and advances ,Cons|ocrco ooo, un|css o|hcrv|sc s|e|co) ` Crorc
As at 31.03.2013 31.O3.2O12
Cep||e| /ovenccs
Sccurco 62.90 19.o4
0nsccurco
Covcrco cy ben| Gueren|cc 4,725.28 1,595.31
O|hcrs 3,281.30 1,877.95
|css: /||ovencc for ceo & oouc|fu| eovenccs 2.54 2.19
8,069.48 3,492.9O
Sccur||y |cpos||s ,0nsccurco) 93.90 91.o1
|oens
|c|e|co per||cs-0nsccurco 0.03 O.O5
Sccurco 400.27 38O.55
0nsccurco 144.14 138.24
|oen |o s|e|c ovcrnmcn| |n sc|||cmcn| of oucs from cus|omcrs-0nsccurco 239.31 335.O4
O|hcrs-Sccurco 14.29 21.42
798.04 875.3O
/ovenccs
Con|rec|ors & Supp||crs, |nc|uo|n me|cr|e| |ssuco on |oen
0nsccurco 92.18 84.85
O|hcrs-Sccurco 0.18 O.1o
92.36 85.O1
/ovencc |ex ocpos|| & |ex ocouc|co e| sourcc 11,932.58 1O,37O.99
|css: |rov|s|on for currcn| |ex 10,036.37 8,77O.2O
1,896.21 1,oOO.79
V/ crco|| rccovcrec|c 108.66 7O.44
Total
#
11,058.65 o,21o.O5
e) Cep||e| eovenccs |nc|uoc ` 226.27 crore ,prcv|ous ycer ` 1o2.29 crorc), pe|o |o e con|rec|or pcno|n sc|||cmcn| of ccr|e|n c|e|ms vh|ch erc
unocr erc||re||on. hc emoun| v||| cc eous|co |n |hc cos| of rc|e|co vor| or rccovcrco from |hc per|y, ocpcno|n upon |hc ou|comc of |hc
erc||re||on proccco|ns.
c) O|hcr |oens rcprcscn| |oen |vcn |o /nohre |reocsh lnous|r|e| lnfres|ruc|urc Corpore||on ||o. ,/|llC).
15 A. Other non current assets ` Crorc
As at 31.03.2013 31.O3.2O12
|on |crm |reoc rccc|vec|cs
0nsccurco, cons|ocrco ooo 9.33 1.42
|cfcrrco forc|n currcncy nuc|ue||on essc| 1,136.16 1,373.74
Total
#
1,145.49 1,375.1o
# lnc|uocs ` 10.53 crore ,prcv|ous ycer ` 1.o3 crorc) sherc of o|n||y con|ro||co cn||||cs.
ln ||nc v||h eccoun||n po||cy no.|.3 o|sc|osco |n |o|c 1, ocfcrrco forc|n currcncy nuc|ue||on essc| hes cccn eccoun|co eno ,-) ` 296.96 crore
,prcv|ous ycer ` 129.78 crorc) cc|n cxchenc nuc|ue||ons on eccoun| of |n|crcs| eno nnencc chercs hes cccn rccon|sco es cncry se|cs |n |o|c 22.
37
th
16. Current investments
` Crorc
As at 31.03.2013 31.O3.2O12
|umccr of conos/
sccur|||cs
|ecc ve|uc pcr
cono/ sccur||y
Currcn| ycer/
,prcv|ous ycer)
Currcn| ycer/
,prcv|ous ycer) ,`)
Trade
Current maturities of long term investments
Unquoted
8.50% Tax-Free State Government Special Bonds of the Government of

/nohre |reocsh 12oOo5O
,12oOo5O)
1OOO
,1OOO)
126.07 12o.O7
/ssem 514o4
,514o4)
1OOO
,1OOO)
5.15 5.15
b|her 18944OO
,18944OO)
1OOO
,1OOO)
189.44 189.44
Che|||serh 48322O
,48322O)
1OOO
,1OOO)
48.32 48.32
Guere| 83724O
,83724O)
1OOO
,1OOO)
83.73 83.73
|eryene 1O75OOO
,1O75OOO)
1OOO
,1OOO)
107.50 1O7.5O
||meche| |reocsh 33388
,33388)
1OOO
,1OOO)
3.34 3.34
!emmu eno |eshm|r 3o73oO
,3o73oO)
1OOO
,1OOO)
36.74 3o.74
!her|heno 9oO12O
,9oO12O)
1OOO
,1OOO)
96.01 9o.O1
|cre|e 1OO24OO
,1OO24OO)
1OOO
,1OOO)
100.24 1OO.24
Veohye |reocsh 83O84O
,83O84O)
1OOO
,1OOO)
83.08 83.O8
Veheresh|re 3814OO
,3814OO)
1OOO
,1OOO)
38.14 38.14
Or|sse 11O2874
,11O2874)
1OOO
,1OOO)
110.29 11O.29
|unec 34o23O
,34o23O)
1OOO
,1OOO)
34.62 34.o2
S||||m 3419o
,3419o)
1OOO
,1OOO)
3.42 3.42
,39899OO)
1OOO
,1OOO)
398.99 398.99
0||erenche| 399o5O
,399o5O)
1OOO
,1OOO)
39.96 39.9o
\cs| bcne| 1174248
,1174248)
1OOO
,1OOO)
117.42 117.42
Total
#
1,622.46 1,o22.4o
# lnc|uocs ` Nil ,prcv|ous ycer ` |||) sherc of o|n||y con|ro||co cn||||cs.
Unquoted investments
boo| ve|uc 1,622.46 1,o22.4o
e) lnvcs|mcn|s hevc cccn ve|uco cons|ocr|n |hc eccoun||n po||cy no.! ,|o|c 1).
c) hc ecovc |nvcs|mcn|s erc unquo|co eno hcncc mer|c| ve|uc |s no| epp||cec|c.
37
th
17. Inventories
` Crorc
As at 31.03.2013 31.O3.2O12
Coe| 1,039.74 1,258.91
|uc| o|| 400.27 2o1.23
|eph|he 146.77 177.O4
S|orcs eno spercs 2,440.60 2,O8O.13
Chcm|ce|s & consumec|cs 76.96 48.OO
|oosc |oo|s 6.76 o.25
S|cc| Screp 25.89 25.oo
O|hcrs 503.86 382.14
4,640.85 4,239.3o
|css: |rov|s|on for shor|ecs 2.56 2.24
|rov|s|on for ocso|c|c/ unscrv|ccec|c ||cms/
o|mun|||on |n ve|uc of surp|us |nvcn|ory 62.51 59.21
Total
#
4,575.78 4,177.91
lnvcn|or|cs |nc|uoc me|cr|e|-|n-|rens||
Coe| 79.71 87.58
S|orcs eno spercs 31.56 51.23
Chcm|ce|s & consumec|cs 0.62 O.25
|oosc |oo|s 0.05 O.1o
O|hcrs 2.75 1.43
114.69 14O.o5
e) lnvcn|ory ||cms, o|hcr |hen s|cc| screp hevc cccn ve|uco cons|ocr|n |hc eccoun||n po||cy no. |.1 ,|o|c 1). S|cc| screp hes cccn ve|uco e|
cs||me|co rce||sec|c ve|uc.
c) lnvcn|or|cs-O|hcrs |nc|uoc s|cc|, ccmcn|, esh cr|c|s c|c.
18. Trade Receivables ` Crorc
As at 31.03.2013 31.O3.2O12
Ou|s|eno|n for e pcr|oo cxccco|n s|x mon|hs from |hc oe|c |hcy erc ouc for peymcn|
0nsccurco, cons|ocrco ooo 204.12 1O7.18
Cons|ocrco oouc|fu| 0.03 84O.7O
|css: /||ovencc for ceo & oouc|fu| rccc|vec|cs 0.03 84O.7O
204.12 1O7.18
O|hcrs- 0nsccurco, cons|ocrco ooo 5,892.52 o,573.84
Total
#
6,096.64 o,o81.O2
# lnc|uocs ` 517.53 crore ,prcv|ous ycer ` o22.o9 crorc) sherc of o|n||y con|ro||co cn||||cs.
|cfcr |o|c no. 33 for vr||c cec| of /||ovencc for ceo eno oouc|fu| rccc|vec|cs.
19. Cash and bank balances ` Crorc
As at 31.03.2013 31.O3.2O12
be|enccs v||h cen|s
Currcn| eccoun|s 418.94 543.83
|cpos||s v||h or||ne| me|ur||y up|o |hrcc mon|hs 59.53 544.75
Chcqucs & oref|s on heno 74.98 1.83
Cesh on heno - O.O2
O|hcrs ,s|emps |n heno) 0.09 O.1O
Other bank balances
|cpos||s v||h or||ne| me|ur||y of morc |hen |hrcc mon|hs
,e)
18,110.68 1o,919.18
O|hcrs * 73.90 77.o8
Total
#
18,738.12 18,O87.39
# lnc|uocs ` 533.54 crore ,prcv|ous ycer ` 52O.25 crorc) sherc of o|n||y con|ro||co cn||||cs.
e) lnc|uocs cen| ocpos||s v||h or||ne| me|ur||y of morc |hen |vc|vc mon|hs emoun||n |o ` 0.02 crore ,prcv|ous ycer ` 9.44 crorc).
* |o| eve||ec|c for usc |o |hc Compeny eno |nc|uoc:
0npe|o o|v|ocno eccoun| ce|encc 15.67 11.49
be|encc v||h |cscrvc ben| of lno|e
##
1.77 1.77
Sccur||y v||h ovcrnmcn| eu|hor|||cs:
/s pcr cour| orocrs - O.1O
/s pcr ocmeno 0.01 8.o1
Ver|n moncy v||h cen|s 56.45 55.71
73.90 77.o8
## Ou| of mer|n moncy |cp| v||h |cscrvc ben| of lno|e |n |crms of |u|c 3/ of |hc Compen|cs ,/cccp|encc of |cpos||s) |u|cs, 1975 for nxco ocpos||s
from puc||c.
37
th
20. Short-term loans and advances ,Cons|ocrco Gooo, 0n|css O|hcrv|sc S|e|co)
` Crorc
As at 31.03.2013 31.O3.2O12
|oens
|c|e|co per||cs
0nsccurco 0.04 O.O3
Sccurco 76.92 7O.o7
0nsccurco 91.68 83.73
Cons|ocrco oouc|fu| - O.22
|oen |o s|e|c ovcrnmcn| |n sc|||cmcn| of oucs from cus|omcrs-unsccurco 95.73 95.73
O|hcrs
Sccurco 35.71 28.58
0nsccurco - O.27
|css: e||ovencc for ceo & oouc|fu| |oens - O.22
300.08 279.O1
/ovenccs
|c|e|co per||cs
0nsccurco 4.08 1.o4
|mp|oyccs
0nsccurco 9.21 1O.O7
Sccurco 6.71 5.oO
0nsccurco 605.88 9oO.18
Cons|ocrco oouc|fu| 1.53 1.o4
O|hcrs
0nsccurco 131.95 97.53
Cons|ocrco oouc|fu| 1.03 1.O1
|css: /||ovencc for ceo & oouc|fu| eovenccs 2.67 2.73
Sccur||y ocpos||s ,0nsccurco) 757.83 1,O75.O2
660.39 322.o3
Total
#
1,718.30 1,o7o.oo
e) O|hcr |oens rcprcscn| |oens of ` 35.71 crore ,prcv|ous ycer ` 28.58 crorc) |vcn |o /|llC.
c) O|hcr eovenccs me|n|y rcprcscn| prcpe|o cxpcnscs emoun||n |o ` 57.89 crore ,prcv|ous ycer ` 54.49 crorc).
c) Sccur||y ocpos|| ,unsccurco) |nc|uocs ` 200.35 crore ,prcv|ous ycer ` 1o3.4o crorc) se|cs |ex ocpos||co unocr pro|cs| v||h se|cs |ex eu|hor|||cs.
21. Other current assets
` Crorc
As at 31.03.2013 31.O3.2O12
ln|crcs| eccruco :
bonos 243.19 312.14
crm ocpos||s 875.02 8O4.91
O|hcrs 23.98 18.o8
1,142.19 1,135.73
C|e|ms rccovcrec|c
0nsccurco, cons|ocrco ooo 4,782.01 1,848.4o
|css: /||ovencc for oouc|fu| c|e|ms 13.05 13.31
4,782.01 1,848.4o
0nc|||co rcvcnuc 6,127.57 5,9oo.52
/ssc|s hc|o for o|spose| 3.03 2.O8
O|hcrs 12.57 12.87
Total
#
12,067.37 8,9o5.oo
e) O|hcrs |nc|uoc emoun| rccovcrec|c from con|rec|ors eno o|hcr per||cs |overos h|rc chercs, rcn|/c|cc|r|c||y, c|c.
c) C|e|ms rccovcrec|cs |nc|uoc ` 894.72 crore ,prcv|ous ycer ` 7oo.12 crorc) |overos |hc cos| |ncurrco up|o 31
s|
Verch 2O13 |n rcspcc| of onc of |hc
hyoro povcr procc|s, |hc cons|ruc||on of vh|ch hes cccn o|scon||nuco on |hc eov|cc of |hc V|n|s|ry of |ovcr, GOl. h|s |nc|uocs ` 109.65 crore
,prcv|ous ycer ` |||) |n rcspcc| of |vo erc||re||on everos che||cnco/cc|n che||cnco cy |hc Compeny ccforc ||h Cour|. ln |hc cvcn| |hc ||h Cour|
ren|s rc||cf |o |hc Compeny, |hc emoun| vou|o cc eous|co ee|ns| Shor| crm |rov|s|ons - O|hcrs ,|o|c 11). Venecmcn| cxpcc|s |he| |hc |o|e|
cos| |ncurrco, en||c|pe|co cxpcno||urc on |hc sefc|y eno s|ec|||se||on mcesurcs, o|hcr rccurr|n s||c cxpcnscs eno |n|crcs| cos|s es vc|| es c|e|ms of
con|rec|ors/vcnoors for ver|ous pec|ecs for |h|s procc| v||| cc compcnse|co |n fu|| cy |hc GOl. |cncc no prov|s|on |s cons|ocrco ncccssery.
c) C|e|ms rccovcrec|c |nc|uocs ` 2,520.08 crore ,prcv|ous ycer |||) rccovcrec|c from Govcrnmcn| of |e||one| Cep||e| crr||ory of |c|h| ,G|C|)
|overos sc|||cmcn| of oucs of crs|vh||c |c|h| ||cc|r|c Supp|y 0nocr|e||n ,||S0). ,|cfcr |o|c 33).
o) 0nc|||co rcvcnuc |s nc| off crco||s |o cc pessco |o ccn|nc|er|cs e| |hc ||mc of c||||n eno |nc|uocs ` 6,508.72 crore ,prcv|ous ycer
` 5,411.93 crorc) c|||co |o |hc ccncnc|er|cs ef|cr 31
s|
Verch for cncry se|cs, se|c of ooos eno scrv|ccs.
37
th
22. Revenue from operations (gross)
` Crorc
|ncry se|cs ,|nc|uo|n c|cc|r|c||y ou|y) 67,996.09 o4,84O.13
Consu||ency, procc| menecmcn| eno supcrv|s|on fccs ,|nc|uo|n |urn|cy cons|ruc||on procc|s) 401.67 4o4.74
Se|c of ooos ,|nc|uo|n cxc|sc ou|y) 126.69 12o.O9
68,524.45 o5,43O.9o
|ncry |n|crne||y consumco 93.17 85.o1
O|hcr opcre||n rcvcnucs
ln|crcs| from cus|omcrs 432.60 515.31
|ccon|zco from ocfcrrco forc|n currcncy nuc|ue||on ||ec||||y 3.52 O.1o
V|scc||encous |ncomc 49.22 1o.53
|rov|s|ons vr|||cn cec|
er|ff eous|mcn| - 312.75
|ouc|fu| occ|s 840.67 O.14
|ouc|fu| |oens, eovenccs eno c|e|ms 0.33 O.14
|ouc|fu| cons|ruc||on eovenccs - O.O3
Shor|ec |n cons|ruc||on s|orcs 1.12 O.34
Shor|ec |n s|orcs 0.71 1.1O
Ocso|csccncc |n s|orcs 1.30 1.O2
0nscrv|ccec|c cep||e| vor|s 0.90 -
O|hcrs 0.39 1.8O
845.42 317.32
Total
#
69,948.38 oo,3o5.89
# lnc|uocs ` 3,642.66 crore ,prcv|ous ycer ` 3,oo2.79 crorc) sherc of o|n||y con|ro||co cn||||cs.
e) hc Ccn|re| ||cc|r|c||y |cu|e|ory Comm|ss|on ,C||C) no||nco |hc er|ff |cu|e||ons, 2OO9 |n !enuery 2OO9, eno ||rs|, Sccono eno h|ro /mcnomcn|s
|hcrc|o |n Vey 2O11, !unc 2O11 eno |cccmccr 2O12 rcspcc||vc|y ,|cu|e||ons, 2OO9). ln ||nc v||h |hc |cu|e||ons, 2OO9, |hc C||C hes |ssuco
prov|s|one|/nne| |er|ff orocrs v.c.f. 1
s|
/pr|| 2OO9 for e|| |hc s|e||ons cxccp| for e|chcr hcrme| |ovcr S|e||on ,|S). bcncnc|er|cs erc c|||co |n
eccoroencc v||h |hc se|o prov|s|one|/nne| |er|ff orocrs cxccp| for |hrcc s|e||ons vhcrc || |s oonc on prov|s|one| ces|s. hc emoun| c|||co for |hc
ycer cnoco 31
s|
Verch 2O13 on |h|s ces|s |s ` 61,794.68 crore ,prcv|ous ycer ` 59,9o5.57 crorc).
c) ln rcspcc| of s|e||ons for vh|ch |hc C||C hes |ssuco nne| |er|ff orocrs unocr |hc |cu|e||ons, 2OO9 eno |cncvec|c |ncry |cu|e||ons, 2OO9,
se|cs hevc cccn rccon|sco e| ` 54,588.81 crore for |hc ycer cnoco 31
s|
Verch 2O13 ,prcv|ous ycer ` 55,537.41 crorc) ef|cr |ru|n up cep||e|
cxpcno||urc |o err|vc e| |hc cepec||y chercs. |or o|hcr s|e||ons, pcno|n oc|crm|ne||on of s|e||on-v|sc nne| |er|ff cy |hc C||C, se|cs hevc cccn
prov|s|one||y rccon|zco e| ` 8,059.66 crore for |hc ycer cnoco 31
s|
Verch 2O13 ,prcv|ous ycer ` 5,145.38 crorc) on |hc ces|s of pr|nc|p|cs
cnunc|e|co |n |hc se|o |cu|e||ons, 2OO9 ef|cr |ru|n up cep||e| cxpcno||urc |o err|vc e| |hc cepec||y chercs.
c) Se|cs |nc|uoc ` 1,241.90 crore for |hc ycer cnoco 31
s|
Verch 2O13 ,prcv|ous ycer ` 547.78 crorc) pcr|e|n|n |o prcv|ous ycers rccon|zco cesco
on |hc orocrs |ssuco cy |hc C||C//ppc||e|c r|cune| for ||cc|r|c||y ,/|||).
o) hc Compeny er|cvco ovcr meny of |hc |ssucs es cons|ocrco cy |hc C||C |n |hc |er|ff orocrs for ||s s|e||ons for |hc pcr|oo 2OO4-O9 heo n|co
eppce|s v||h |hc /|||. hc /||| o|sposco off |hc eppce|s fevourec|y o|rcc||n |hc C||C |o rcv|sc |hc |er|ff orocrs es pcr o|rcc||ons eno
mc|hooo|oy |vcn. Somc of |hc |ssucs occ|oco |n fevour of |hc Compeny cy |hc /||| vcrc che||cnco cy |hc C||C |n |hc |on'c|c Suprcmc
Cour| of lno|e. Sucscqucn||y, |hc C||C hes |ssuco rcv|sco |er|ff orocrs for e|| |hc s|e||ons cxccp| onc for |hc pcr|oo 2OO4-O9, cons|ocr|n |hc
uomcn| of /||| succc| |o o|spose| of eppce|s pcno|n ccforc |hc |on'c|c Suprcmc Cour| of lno|e. Conscqucn||y, |hc |mpec| of |hc eforcse|o
|ssucs emoun||n |o ,-) ` 45.95 crore ,prcv|ous ycer ,-) ` 49.1o crorc) hes cccn rccon|zco es se|cs our|n |hc ycer cnoco 31
s|
Verch 2O13 v||h
corrcspono|n eous|mcn| |n '|rov|s|on for er|ff /ous|mcn|'.
c) Se|cs |nc|uoc ` 246.04 crore for |hc ycer cnoco 31
s|
Verch 2O13 ,prcv|ous ycer ,-) ` 2oo.14 crorc) on eccoun| of |ncomc-|ex rccovcrec|c from
cus|omcrs es pcr |cu|e||ons, 2OO4. Se|cs e|so |nc|uoc ` 53.16 crore ,prcv|ous ycer ` 37.77 crorc) for |hc ycer cnoco 31
s|
Verch 2O13 on eccoun|
of ocfcrrco |ex me|cr|e||zco vh|ch |s rccovcrec|c from cus|omcrs es pcr |cu|e||ons, 2OO9.
f) ||cc|r|c||y ou|y on cncry se|cs emoun||n |o ` 564.35 crore ,prcv|ous ycer ` 428.o5 crorc) hes cccn rcoucco from se|cs |n |hc s|e|cmcn| of pron|
eno |oss.
) |cvcnuc from opcre||ons |nc|uoc ` 93.17 crore ,prcv|ous ycer ` 85.o1 crorc) |overos cncry |n|crne||y consumco, ve|uco e| ver|ec|c cos| of
cncre||on eno |hc corrcspono|n emoun| |s |nc|uoco |n povcr chercs ,|o|c-2o).
h) C||C |cu|e||ons prov|ocs |he| vhcrc ef|cr |hc |ru|n-up, |hc |er|ff rccovcrco |s |css |hen |hc |er|ff epprovco cy |hc Comm|ss|on, |hc cncre||n
Compeny she|| rccovcr from |hc ccncnc|er|cs |hc unocr rccovcrco emoun| e|on-v||h s|mp|c |n|crcs|. /ccoro|n|y, |hc |n|crcs| rccovcrec|c from
|hc ccncnc|er|cs hes cccn eccoun|co eno o|sc|osco es 'ln|crcs| from cus|omcrs'.
|) |cfcr |o|c 33 ,e) |n rcspcc| of vr||c cec| of prov|s|on for oouc|fu| occ|s.
37
th
23. Other income
` Crorc
Interest from
|on-|crm |nvcs|mcn|s - Govcrnmcn| sccur|||cs ,8.5% |ex frcc conos) 520.86 o59.38
O|hcrs
|oen |o s|e|c ovcrnmcn| |n sc|||cmcn| of oucs from cus|omcrs 34.58 42.72
|oen |o cmp|oyccs 29.21 25.55
Con|rec|ors 43.84 39.28
|cpos||s v||h cen|s 1,920.20 1,o79.41
lncomc |ex rcfunos 39.48 1OO.42
|css : |cfunoec|c |o cus|omcrs 0.02 34.47
39.46 o5.95
O|hcrs 9.36 12.23
Dividend from
|on-|crm |nvcs|mcn|s |n
!o|n| vcn|urcs 103.66 oO.1o
Currcn| |nvcs|mcn|s |n
Vu|ue| funos 114.13 91.55
Surcherc rccc|vco from cus|omcrs 88.67 1.39
||rc chercs for cqu|pmcn| 4.35 3.2o
|c| e|n |n forc|n currcncy |rensec||ons & |rens|e||ons 28.12 o1.25
Se|c of screp 89.06 8O.O8
||qu|oe|co oemecs rccovcrco 11.82 7.13
V|scc||encous |ncomc 211.44 243.78
|ron| on o|spose| of nxco essc|s 4.76 13.4O
3,253.52 3,O8o.52
|css: rensfcrrco |o cxpcno||urc our|n cons|ruc||on pcr|oo ,nc|)-|o|c 28 53.35 73.O9
rensfcrrco |o ocfcrrco forc|n currcncy nuc|ue||on essc|/||ec||||y 27.90 o1.25
Total
#
3,163.97 2,949.23
V|scc||encous |ncomc |nc|uocs |ncomc from |ovnsh|p rccovcr|cs eno rccc|p|s |overos |nsurencc c|e|ms.
24. Employee benets expense
` Crorc
Se|er|cs eno vecs 3,667.99 3,371.oO
Con|r|cu||on |o prov|ocn| eno o|hcr funos 392.73 32O.25
S|eff vc|ferc cxpcnscs 373.11 312.oo
4,433.83 4,OO4.51
|css: /||oce|co |o fuc| cos| / /sh u||||se||on funo 204.56 173.95
rensfcrrco |o ocvc|opmcn| of coe| m|ncs 34.31 32.OO
rensfcrrco |o cxpcno||urc our|n cons|ruc||on pcr|oo ,nc|)- |o|c 28 643.58 537.oO
Total
#
3,551.38 3,2oO.9o
||sc|osurcs rcqu|rco cy /S 15 |n rcspcc| of prov|s|on meoc |overos ver|ous cmp|oyccs ccncn|s |s meoc |n |o|c 4O.
37
th
25. Finance costs
` Crorc
Interest on
bonos 900.87 831.5O
|orc|n currcncy |crm |oens 235.33 2O5.71
|upcc |crm |oens 3,833.62 3,17O.O7
|uc||c ocpos||s 0.16 1.24
|orc|n currcncy conos/no|cs 345.91 184.32
Cesh crco|| 21.01 9.8O
O|hcrs 73.22 oo.O7
5,410.12 4,4o8.71
Other Borrowing Costs
bonos scrv|c|n & puc||c ocpos|| cxpcnscs 2.38 2.18
Gueren|cc fcc 40.19 38.47
Venecmcn| fcc 36.24 1O.97
0p-fron| fcc 23.87 28.83
|orc|n currcncy conos/no|cs cxpcnscs 6.05 17.1O
lnsurencc prcm|um on forc|n currcncy |oens 27.39 -
O|hcrs 3.28 1.13
139.40 98.o8
Exchange differences regarded as an adjustment to interest costs (350.21) 35O.21
5,199.31 4,917.oO
|css: rensfcrrco |o cxpcno||urc our|n cons|ruc||on pcr|oo ,nc|)-|o|c 28 2,672.25 2,749.14
Total
#
2,480.54 2,134.72
26. Generation, administration & other expenses
` Crorc
|ovcr chercs 204.31 244.98
|css: |ccovcrco from con|rec|ors & cmp|oyccs 18.88 18.35
185.43 22o.o3
\e|cr chercs 508.16 345.OO
S|orcs consumco 49.90 48.O2
|cn| 37.16 35.18
|css:|ccovcr|cs 7.84 8.1o
29.32 27.O2
|oeo o|spe|ch ccn|rc chercs 42.41 43.53
bu||o|ns 181.08 149.78
||en| & mech|ncry
|ovcr s|e||ons 1,923.17 1,o7o.32
1,924.26 1,o77.27
O|hcrs 113.35 1O3.22
lnsurencc 111.61 1O3.78
ln|crcs| peyec|c |o cus|omcrs 5.72 ,o7.57)
|e|cs eno |excs 38.11 27.41
\e|cr ccss & cnv|ronmcn| pro|cc||on ccss 35.82 25.72
re|n|n & rccru||mcn| cxpcnscs 64.80 73.99
|css: |ccs for epp||ce||on eno |re|n|n 1.60 1.34
63.20 72.o5
Commun|ce||on cxpcnscs 48.82 41.8O
37
th
` Crorc
revc|||n cxpcnscs 198.72 185.87
|css: |ccc|p| from se|c of |cnocrs 3.11 2.34
21.41 21.o4
|eymcn| |o euo||ors 3.29 2.99
/ovcr||scmcn| eno puc||c||y 13.92 12.o9
Sccur||y cxpcnscs 357.79 314.32
|n|cr|e|nmcn| cxpcnscs 15.09 14.28
|xpcnscs for ucs| housc 21.26 17.89
|css:|ccovcr|cs 2.75 2.23
18.51 15.oo
|ouce||on cxpcnscs 9.41 1O.14
bro|crec & comm|ss|on 3.47 3.35
Commun||y ocvc|opmcn| eno vc|ferc cxpcnscs 86.96 59.33
|css: Gren|s-|n-e|o 0.39 O.24
86.57 59.O9
/sh u||||se||on & mer|c||n cxpcnscs 10.93 o.32
|css: Se|c of esh proouc|s 0.04 O.Oo
10.89 o.2o
||rcc|ors s||||n fcc 0.35 O.3O
boo|s eno pcr|oo|ce|s 2.72 2.O1
|rofcss|one| chercs eno consu||ency fccs 41.14 52.1O
|ce| cxpcnscs 28.34 1o.oO
|r|n||n eno s|e||oncry 13.70 12.o7
O|| & es cxp|ore||on cxpcnscs 8.78 14.34
||r|n of vch|c|cs 63.22 53.31
|cce|c |o cus|omcrs 579.81 oo2.oO
|c|mcurscmcn| of |.C.chercs on se|cs rce||se||on 0.60 4.1O
ben| chercs 4.90 4.22
|c| |oss |n forc|n currcncy |rensec||ons & |rens|e||ons 6.11 37.24
V|scc||encous cxpcnscs 113.03 1O4.oo
S|orcs vr|||cn off 0.14 O.15
Survcy & |nvcs||e||on cxpcnscs vr|||cn off 4.12 7.74
|oss on o|spose|/vr||c-off of nxco essc|s 62.25 oo.48
5,020.81 4,524.24
|css: /||oce|co |o fuc| cos| / /sh u||||se||on funo 297.10 243.79
rensfcrrco |o ocfcrrco forc|n currcncy nuc|ue||on essc|/||ec||||y 2.30 17.o4
4,312.21 3,8O5.75
Provisions for
er|ff eous|mcn|s 103.24 14.o9
|ouc|fu| occ|s - 1.O1
|ouc|fu| |oens, eovenccs eno c|e|ms 0.09 O.O5
Shor|ec |n s|orcs 2.01 1.2o
Ocso|csccncc |n s|orcs 4.67 1O.77
Shor|ec |n cons|ruc||on s|orcs 0.39 O.79
0nscrv|ccec|c cep||e| vor|-|n-prorcss 49.89 3.54
0nnn|shco m|n|mum vor| proremmc for o|| eno es cxp|ore||on 5.08 41.19
O|hcrs 43.85 2.53
209.22 75.83
Total
#
4,521.43 3,881.58
# lnc|uocs ` 256.79 crore ,prcv|ous ycer ` 275.O9 crorc) sherc of o|n||y con|ro||co
cn||||cs.
e) Spercs consump||on |nc|uoco |n rcpe|rs eno me|n|cnencc 1,017.41 8o5.49
c) C||C |cu|e||ons prov|ocs |he| vhcrc ef|cr |hc |ru|n-up, |hc |er|ff rccovcrco |s morc |hen |hc |er|ff epprovco cy |hc Comm|ss|on, |hc cncre||n
Compeny she|| pey |o |hc ccncnc|er|cs |hc ovcr rccovcrco emoun| e|on-v||h s|mp|c |n|crcs|. /ccoro|n|y, |hc |n|crcs| peyec|c |o |hc
ccncnc|er|cs hes cccn eccoun|co eno o|sc|osco es 'ln|crcs| peyec|c |o cus|omcrs'.
37
th
27. Prior period items (Net) ` Crorc
Revenue
Se|cs 0.06 9.OO
O|hcrs 8.58 2.23
8.64 11.23
Expenditure
|mp|oycc ccncn|s cxpcnsc (5.13) ,328.22)
||nencc cos|s - ,O.44)
ln|crcs| (12.00) -
O|hcr corrov|n cos|s (7.91) -
|cprcc|e||on eno emor||se||on 3.93 ,O.43)
Gcncre||on, eom|n|s|re||on eno o|hcr cxpcnscs
|cpe|rs eno me|n|cnencc 0.77 ,1.98)
|rofcss|one| consu||ency chercs 0.15 O.o4
Commun|ce||on cxpcnscs 0.66 O.O4
/ovcr||scmcn| eno puc||c||y 0.12 -
|e|cs & |excs (0.07) O.24
|cn| (0.31) 1.23
|c| |oss |n forc|n currcncy |rensec||ons & |rens|e||ons 0.72 -
O|hcrs (8.46) 2.OO
(27.53) ,32o.92)
Net Expenditure/(Revenue) (36.17) ,338.15)
|css: rensfcrrco |o cxpcno||urc our|n cons|ruc||on pcr|oo ,nc|)-|o|c 28 (3.11) ,2O.25)
rensfcrrco |o ocfcrrco forc|n currcncy nuc|ue||on essc|/||ec||||y 0.72 -
rensfcrrco |o ocvc|opmcn| of coe| m|ncs - ,1.84)
Total
#
(33.78) ,31o.Oo)
# lnc|uocs ` 1.25 crore ,prcv|ous ycer ` O.8o crorc) sherc of o|n||y con|ro||co cn||||cs.
28. Expenditure during construction period (net)
` Crorc
Se|er|cs eno vecs 561.24 471.88
Con|r|cu||on |o prov|ocn| eno o|hcr funos 45.45 37.O1
S|eff vc|ferc cxpcnscs 36.89 28.71
Total (A) 643.58 537.oO
B. Finance costs
ln|crcs| on
bonos 390.47 4o7.O8
|orc|n currcncy |crm |oens 94.88 99.93
|upcc |crm |oens 2,032.61 1,824.O3
|orc|n currcncy conos/no|cs 222.88 1O4.91
O|hcr corrov|n cos|s
|orc|n currcncy conos/no|cs cxpcnscs 5.54 1O.47
Venecmcn|/errencrs/upfron| fcc 60.11 2O.77
O|hcrs 51.01 3o.7O
|xchenc o|ffcrcnccs rceroco es en eous|mcn| |o |n|crcs| cos|s (185.25) 185.25
Total (B) 2,672.25 2,749.14
C. Depreciation and amortisation 41.37 37.17
D. Generation, administration & other expenses
|ovcr chercs 128.17 172.27
|css: |ccovcrco from con|rec|ors & cmp|oyccs 1.92 2.1O
126.25 17O.17
\e|cr chercs 11.19 47.88
|cn| 5.85 5.4O
bu||o|ns 9.25 8.35
O|hcrs 28.55 21.89
38.77 3O.83
37
th
` Crorc
lnsurencc 2.26 2.12
|e|cs eno |excs 1.39 2.54
Commun|ce||on cxpcnscs 7.61 o.4o
revc|||n cxpcnscs 40.49 3o.39
|css: lncomc from se|c of |cnocrs 0.10 O.1O
7.32 5.24
|eymcn| |o euo||ors 0.07 O.O5
/ovcr||scmcn| eno puc||c||y 1.73 O.89
Sccur||y cxpcnscs 58.84 5O.O8
|n|cr|e|nmcn| cxpcnscs 2.77 2.92
Gucs| housc cxpcnscs 5.33 3.94
|ouce||on cxpcnscs 0.01 O.O2
boo|s eno pcr|oo|ce|s 0.93 O.35
Commun||y ocvc|opmcn| cxpcnscs 8.02 2.92
|rofcss|one| chercs eno consu||ency fcc 9.95 15.o7
|ce| cxpcnscs 5.55 2.28
|r|n||n eno s|e||oncry 1.61 1.49
V|scc||encous cxpcnscs 58.10 55.1o
Total (D) 395.58 444.14
||rc chercs 3.76 2.79
Se|c of screp 1.30 8.29
ln|crcs| from con|rec|ors 28.10 33.4O
ln|crcs| o|hcrs 6.32 19.o8
V|scc||encous |ncomc 13.87 8.93
Total (E) 53.35 73.O9
F. Prior period items (net) (3.11) ,2O.25)
Grand total (A+B+C+D-E+F)
#
3,696.32* 3,o74.71
* Carried to capital work-in-progress - (Note 13)
# lnc|uocs ` 470.36 crore ,prcv|ous ycer ` 44o.5O crorc) sherc of o|n||y con|ro||co cn||||cs.
29. |rcv|ous ycer nurcs hevc cccn rcroupco /rcerrenco vhcrcvcr cons|ocrco ncccssery.
3O. /moun| |n |hc nnenc|e| s|e|cmcn|s erc prcscn|co |n ` crorc ,up|o |vo occ|me|s) cxccp| for pcr sherc oe|e eno es o|hcr-v|sc
s|e|co. Ccr|e|n emoun|s, vh|ch oo no| eppcer ouc |o rouno|n off, erc o|sc|osco scpere|c|y.
31. BASIS OF CONSOLIDATION
/. hc conso||oe|co nnenc|e| s|e|cmcn|s rc|e|c |o ||C ||o. ,|hc Compeny), ||s Sucs|o|er|cs eno |n|crcs| |n !o|n| vcn|urcs,
|oc|hcr rcfcrrco |o es 'Group'.
a) Basis of Accounting:
|) hc nnenc|e| s|e|cmcn|s of |hc Sucs|o|ery Compen|cs eno !o|n| vcn|urcs |n |hc conso||oe||on erc orevn up |o |hc semc
rcpor||n oe|c es of |hc Compeny for |hc purposc of conso||oe||on.
||) hc conso||oe|co nnenc|e| s|e|cmcn|s hevc cccn prcperco |n eccoroencc v||h /ccoun||n S|enoero ,/S) 21 -
'Conso||oe|co ||nenc|e| S|e|cmcn|s' eno /ccoun||n S|enoero ,/S) 27 '||nenc|e| |cpor||n of ln|crcs| |n !o|n| vcn|urcs'
of Compen|cs ,/ccoun||n S|enoeros) |u|cs, 2OOo eno cncre||y ecccp|co eccoun||n pr|nc|p|cs.
b) Principles of consolidation:
hc conso||oe|co nnenc|e| s|e|cmcn|s hevc cccn prcperco es pcr |hc fo||ov|n pr|nc|p|cs:
|) hc nnenc|e| s|e|cmcn|s of |hc Compeny eno ||s sucs|o|er|cs erc comc|nco on e ||nc cy ||nc ces|s cy eoo|n |oc|hcr of
|hc |||c ||cms of essc|s, ||ec|||||cs, |ncomc eno cxpcnscs ef|cr c||m|ne||n |n|re-roup ce|enccs, |n|re-roup |rensec||ons,
unrce||sco pron|s or |osscs eno m|nor||y |n|crcs| hevc cccn scpere|c|y o|sc|osco.
||) hc conso||oe|co nnenc|e| s|e|cmcn|s |nc|uoc |hc |n|crcs| of |hc Compeny |n o|n| vcn|urcs, vh|ch hes cccn eccoun|co
for us|n |hc propor||one|c conso||oe||on mc|hoo of eccoun||n eno rcpor||n vhcrccy |hc Compeny's sherc of cech
essc|, ||ec||||y, |ncomc eno cxpcnsc of e o|n||y con|ro||co cn|||y |s cons|ocrco es e scpere|c ||nc ||cm.
|||) hc conso||oe|co nnenc|e| s|e|cmcn|s erc prcperco us|n un|form eccoun||n po||c|cs for |||c |rensec||ons eno o|hcr
37
th
cvcn|s |n s|m||er c|rcums|enccs eno erc prcscn|co |o |hc cx|cn| poss|c|c, |n |hc semc menncr es |hc Compeny's scpere|c
nnenc|e| s|e|cmcn|s cxccp| es o|hcrv|sc s|e|co |n |hc no|cs |o |hc eccoun|s.
|v) hc o|ffcrcncc cc|vccn |hc cos| of |nvcs|mcn| eno |hc sherc of nc| essc|s e| |hc ||mc of ecqu|s|||on of shercs |n |hc
sucs|o|er|cs eno o|n| vcn|urcs |s |ocn||nco |n |hc nnenc|e| s|e|cmcn|s es ooov||| or cep||e| rcscrvc, es |hc cesc mey cc.
b. hc Sucs|o|er|cs eno !o|n| vcn|urc Compen|cs cons|ocrco |n |hc nnenc|e| s|e|cmcn|s erc es fo||ovs:
|emc of |hc Compeny |ropor||on ,%) of Shercho|o|n es on
31.03.2013 31.O3.2O12
Subsidiary Companies:
1. ||C ||cc|r|c Supp|y Compeny ||o.,|nc|uo|n ||s 5O% |n|crcs| |n |l||SCO
|ovcr & 0||||||cs |r|ve|c ||o. e o|n| vcn|urc v||h |l|||/, e s|e|u|ory cooy of
Govcrnmcn| of |cre|e)
100.00 1OO.OO
2. ||C |yoro ||o.,unocr eme|eme||on v||h ||C ||o.) 100.00 1OO.OO
3. ||C v|oyu| vyeper ||em ||o. 100.00 1OO.OO
4. |en|| b||cc 0|peoen ||em ||o. 65.00 o4.93
5. bher||ye |e|| b||cc Compeny ||o. 74.00 74.OO
Joint Venture Companies:
A. Incorporated in India
1. 0|||||y |ovcr|cch ||o. 50.00 5O.OO
2. ||C - /|s|om |ovcr Scrv|ccs |r|ve|c ||o. 50.00 5O.OO
3. ||C-S/l| |ovcr Compeny |r|ve|c ||o.* 50.00 5O.OO
4. ||C-em||neou |ncry Compeny ||o. 50.00 5O.OO
5. |e|ne|r| Ges & |ovcr |r|ve|c ||o. * 33.41 31.52
o. /reve|| |ovcr Compeny |r|ve|c ||o. 50.00 5O.OO
7. ||C-SCC| G|oce| vcn|urcs |r|ve|c ||o.* 50.00 5O.OO
8. Vce 0re ||em |r|ve|c ||o. 50.00 5O.OO
9. ||C - b||| |ovcr |rocc|s |r|ve|c ||o.* 50.00 5O.OO
1O. b| - ||C |ncry Sys|cms ||o.* 49.00 49.OO
11. |ec|neer |ovcr Gcncre||n Compeny |r|ve|c ||o. 50.00 5O.OO
12. |e||one| |ovcr |xchenc ||o.* 16.67 1o.o7
13. ln|crne||one| Coe| vcn|urcs |r|ve|c. ||o.* 14.28 14.28
14. |e||one| ||h |ovcr cs| |ecore|ory |r|ve|c ||o. 20.00 25.OO
15. rensformcrs & ||cc|r|ce|s |cre|e ||o. 44.60 44.oO
1o. |ncry |fnc|cncy Scrv|ccs ||o. * 25.00 25.OO
17. Cl| ||C 0re |r|ve|c ||o.* 50.00 5O.OO
18. /nushe||| v|oyu| ||em ||o.* 49.00 49.OO
19. |en-/s|en |cncvec|cs |r|ve|c ||o.* 50.00 5O.OO
B. Incorporated outside India
1. r|ncome|cc |ovcr Compeny ||o.* ,|ncorpore|co |n Sr||en|e) 50.00 5O.OO
2. ben|eocsh -lno|e |r|cnosh|p |ovcr Compeny |r|ve|c ||o.
$

,|ncorpore|co |n ben|eocsh)
50.00 -
* hc nnenc|e| s|e|cmcn|s erc un-euo||co.
$ hc o|n| vcn|urc |n vh|ch shercs erc |o cc hc|o cy |hc Compeny eno ben|eocsh |ovcr |cvc|opmcn| boero, cque||y
ves |ncorpore|co on 31
s|
Oc|occr 2O12 for ocvc|op|n coe| cesco povcr p|en|s |n ben|eocsh. |o |nvcs|mcn| hes cccn
meoc es e| 31
s|
Verch 2O13. |ur|hcr, |hcrc vcrc no nnenc|e| |rensec||ons our|n |hc ycer.
C. ln |hc prcv|ous ycer, boero of o|rcc|ors of |hc compeny hes eccoroco |n-pr|nc|p|c epprove| for eme|eme||on of ||C |yoro
||m||co, e 1OO% sucs|o|ery compeny, v||h ||C ||m||co. hc ec||v|||cs rc|e||n |o |hc eme|eme||on erc |n prorcss.
37
th
|. |) hc Compeny e|on-v||h somc puc||c scc|or unocr|e||ns hes cn|crco |n|o |roouc||on Sher|n Con|rec|s ,|SCs) v||h
GOl for |hrcc cxp|ore||on c|oc|s nemc|y |G- OS|-2OO9/1, |G-OS|-2OO9/4 eno /|-|\|-2OO9/13 unocr vlll rouno of
|cv |xp|ore||on ||ccns|n |o||cy ,|||| vlll) v||h 1O% per||c|pe||n |n|crcs| ,|l) |n cech of |hc c|oc|s.
besco on |hc un-euo||co s|e|cmcn| of |hc eccoun|s for |hc ecovc c|oc|s forveroco cy V/s O|| & |e|ure| Ges Corpore||on
||o., |hc opcre|or, |hc Compeny's sherc |n rcspcc| of essc|s eno ||ec|||||cs es e| 31
s|
Verch 2O13 eno cxpcno||urc for |hc
ycer erc |vcn cc|ov:
` Crorc
Item 2012-13 (Un-audited) 2O11-12 ,0n-euo||co)
|xpcnscs 2.28 3.o1
/ssc|s 0.06 O.O3
||ec|||||cs 1.43 O.95
Cep||e| Comm||mcn|s ,0nnn|shco V\|) 91.49 88.48
l| |s e|so |nformco |he| cxp|ore||on ec||v|||cs |n c|oc| |G-OS|-2OO9/4 hes cccn suspcnoco v.c.f. 11.O1.2O12 ouc |o
non c|cerencc cy |cfcncc V|n|s|ry, GOl. |ur|hcr |n cesc of /|-|\| 2OO9/13, GS|C hes sucm|||co no||cc of v||horeve|
from |hc c|oc| sucscqucn| |o comp|c||on of m|n|mum vor| proremmc eno O|GC hes occ|oco |o ecqu|rc 1O%
per||c|pe||n |n|crcs| of GS|C.
||) |xp|ore||on ec||v|||cs |n |hc c|oc| //-O||-2OO3/2 vcrc ecenoonco |n !enuery 2O11 ouc |o unforcsccn co|o|ce|
cono|||ons & v||horeve| of |hc opcre|or. /||cmp|s |o rccons|||u|c |hc consor||um |o eccomp||sh |hc rcs|oue| cxp|ore|ory
ec||v|||cs o|o no| y|c|o rcsu||. ln |hc mcenvh||c, V|n|s|ry of |c|ro|cum & |e|ure| Ges ocmenoco |hc cos| of unnn|shco
m|n|mum vor| proremmc |o |hc consor||um v||h ||C's sherc cc|n 0S| 7.51o m||||on. |ur|n |hc ycer prov|s|on |n
|h|s rcspcc| hes cccn upoe|co |o ` 4o.27 crorc from ` 41.19 crorc e|on v||h |n|crcs|. hc Compeny hes souh| ve|vcr
of |hc c|e|m c|||n forcc mecurc cono|||ons e| s||c |ceo|n |o o|scon||nue||on of cxp|ore|ory ec||v|||cs.
hc Compeny hes eccoun|co for cxpcno||urc of ` O.O9 crorc for |hc ycer 2O12-13 |overos |hc cs|ec||shmcn| cxpcnscs
of V/s Gcopc|ro| ln|crne||one|, |hc opcre|or |o comp|c|c |hc v|no|n up ec||v|||cs of |hc b|oc|. hc Compeny's sherc |n
|hc essc|s eno ||ec|||||cs es e| 31
s|
Verch 2O13 eno cxpcno||urc for |hc ycer |s es unocr:
` Crorc
Item 2012-13 (Un-audited) 2O11-12 ,0n-euo||co)
|xpcnscs 0.22 O.18
/ssc|s 14.64 14.o4
||ec|||||cs 2.32 2.1O
Con||ncn| ||ec|||||cs 41.42 o7.57
|. |couc||on |n |hc sherc ho|o|n |n |||| our|n |hc ycer |s ouc |o frcsh e||o||mcn| of shercs |o o|hcr per|ncr cy |hc !o|n|
vcn|urc Compeny.
|. hc compeny |s of |hc v|cv |he| |hc prov|s|ons of /ccoun||n S|enoero ,/S) 18 '|c|e|co |er|y ||sc|osurcs' eno /S 27-
'||nenc|e| |cpor||n of ln|crcs|s |n !o|n| vcn|urcs' erc no| epp||cec|c |o |hc |nvcs|mcn| meoc |n |C lno|e ||o. eno |hc semc |s
no| |nc|uoco |n |hc conso||oe|co nnenc|e| s|e|cmcn|s.
32. e) Somc of |hc ce|enccs of |reoc/o|hcr peyec|cs eno |oens eno eovenccs erc succc| |o connrme||on/rcconc|||e||on . /osu|mcn|s,
|f eny v||| cc eccoun|co for on connrme||on/rcconc|||e||on of |hc semc, vh|ch |n |hc op|n|on of |hc menecmcn| v||| no| hevc
e me|cr|e| |mpec|.
c) ln |hc op|n|on of |hc menecmcn|, |hc ve|uc of essc|s, o|hcr |hen nxco essc|s eno non-currcn| |nvcs|mcn|s, on rce||se||on |n
|hc oro|nery coursc of cus|ncss, v||| no| cc |css |hen |hc ve|uc e| vh|ch |hcsc erc s|e|co |n |hc be|encc Shcc|.
33. e) Govcrnmcn| of lno|e, V|n|s|ry of |ovcr v|oc ||s |c||crs |.|o.o/1/2OO7-||n.,vo|.vlll) oe|co 5
|h
|ccruery 2O13 eno 29
|h
Verch
2O13 o|rcc|co Govcrnmcn| of |e||one| Cep||e| crr||ory of |c|h| ,G|C|) |o rc|cesc peymcn| |overos sc|||cmcn| of oucs of
crs|vh||c |c|h| ||cc|r|c Supp|y 0nocr|e||n ,||S0) emoun||n |o ` 835.97 crorc es pr|nc|pe| eno ` 1,o84.11 crorc es |n|crcs|
|o |hc compeny. Conscqucn||y, prov|s|on for oouc|fu| occ| of ` 835.97 crorc hes cccn vr|||cn cec| ,|o|c 22) eno |n|crcs|
of ` 1,o84.11 crorc hes cccn rccon|sco es en cxccp||one| ||cm |n |hc S|e|cmcn| of |ron| eno |oss our|n |hc ycer.
37
th
c) |vv|, |hc sucs|o|ery of |hc Compeny heo rccon|sco ` 115.82 crorc es rcvcnuc |overos cen| ueren|cc cnceshco |n |hc
prcv|ous ycer |n rcspcc| of vcnoors |n ocfeu|| rc|e||n |o c|o ueren|cc sucm|||co for cs|ec||shmcn| of so|er povcr p|en|s
unocr |hc !eveher|e| |chru |e||one| So|er V|ss|on. /s pcr |hc c|er|nce||on rccc|vco our|n |hc ycer from |hc V|n|s|ry of |cv
eno |cncvec|c |ncry, |hc eforcse|o emoun| hes cccn rcvcrsco eno o|sc|osco unocr cxccp||one| ||cms cy |rensfcrr|n |hc
semc unocr O|hcr Currcn| ||ec|||||cs.
34. v|oc ezc||c no||nce||on | no.22O21/1/2OO8-C|C/ll oe|co 3O.12.2O11 |ssuco cy V|n|s|ry of Coe| ,VoC), reo|n eno pr|c|n of
non-co||n coe| ves m|re|co from 0scfu| |ce| ve|uc ,0|v) |o Gross Ce|or|nc ve|uc ,GCv) cesco sys|cm v.c.f. 1
s|
!enuery 2O12.
hc Coe| Supp|y /rccmcn|s ,CS/s) cn|crco |n|o cy |hc Compeny vcrc rcqu|rco |o cc emcnoco |o |ncorpore|c ecccp|ec|c
proccourcs for semp|c co||cc||on, prcpere||on, |cs||n eno ene|ys|s, |o fec||||e|c such m|re||on, vh|ch erc s|||| pcno|n. hc
Compeny's boero of ||rcc|ors epprovco peymcn|s |o |hc coe| compen|cs cesco on |hc GCv cesco pr|c|n sys|cm, eno o|rcc|co |o
fremc mooe||||cs for |mp|cmcn|e||on of GCv cesco reo|n sys|cm. /ccoro|n|y, mooe||||cs vcrc fremco |o cffcc| o|n| semp||n
eno |cs||n of coe| e| m|nc cno/s|e||on cno eno fu|urc peymcn|s |o coe| compen|cs. hc ecovc mooe||||cs vcrc commun|ce|co |o
|hc coe| compen|cs v.c.f. Oc|occr/ |ovcmccr 2O12, |hcrcef|cr |hc Compeny rc|cesco peymcn|s on |hc ces|s of GCv mcesurco e|
s|e||on cno fo||ov|n |hc |mp|cmcn|e||on of |hc se|o mooe||||cs s|ncc ver|e||on |n |hc GCv of coe| supp||co eno rccc|vco e| povcr
s|e||ons ves no||cco. hc Compeny rcu|er|y |nformco coe| compen|cs ecou| |h|s ver|e||on vh|ch hes no| cccn ecccp|co cy
|hcm. hc |ssuc hes cccn |e|cn up v||h |hc coe| compen|cs o|rcc||y eno |hrouh |hc Vo| eno VoC, GOl for rcso|u||on. |cno|n
rcso|u||on of |hc |ssuc, o|ffcrcncc cc|vccn |hc emoun| c|||co cy |hc coe| compen|cs eno |hc emoun|s eom|||co cy |hc compeny
|s o|sc|osco es con||ncn| ||ec||||y v||h corrcspono|n poss|c|c rc|mcurscmcn|s from |hc ccncnc|er|cs ,|cfcr |o|c-49).
35. hc |cvy of |rens|| fcc/cn|ry |ex on supp||cs of fuc| |o somc of |hc povcr s|e||ons hes cccn pe|o unocr pro|cs| es |hc me||crs erc
sucuo|cc e| ver|ous cour|s. ln cesc |hc Compeny c|s rcfuno/ocmeno from fuc| supp||crs/|ex eu|hor|||cs on sc|||cmcn| of |hcsc
cescs, |hc semc v||| cc pessco on |o rcspcc||vc ccncnc|er|cs.
3o. ||C v|oyu| vyeper ||em ||o. ,|vv|) |n|cr-e||e |s cneco |n se|c of ny esh & ccnosphcrc vh|ch erc |vcn cy |hc compeny frcc
of cos|. |ursuen| |o |hc ezc||c no||nce||on |.O.S.O 28O4,|) oe|co 3
ro
|ovcmccr 2OO9, |ssuco cy |hc V|n|s|ry of |nv|ronmcn| eno
|orcs| ,VO||) GOl, |hc |vv| hes crce|co ny esh u||||se||on funo eno e sum of ` 107.96 crore ,prcv|ous ycer ` o8.O2 crorc) hes
cccn crco||co |o |hc funo our|n |hc ycer ef|cr nc|||n of rc|e|co/e||ocec|c cos| of ` 20.60 crore ,prcv|ous ycer ` 1o.29 crorc)
from |hc se|c procccos.
37. Disclosure as per Accounting Standard - 5 Net prot or loss for the period, prior period items and changes in Accounting
Policies
e) V|n|s|ry of Corpore|c /ffe|rs, Govcrnmcn| of lno|e |hrouh C|rcu|er no. 25/2O12 oe|co 9
|h
/uus| 2O12 hes c|er|nco |he| pere
o of /ccoun||n S|enoero ,/S) 11 eno pere 4 ,c) of /S 1o she|| no| epp|y |o e Compeny vh|ch |s epp|y|n pere 4o-/ of
/S 11. /ccoro|n|y, Compeny hes moo|fco |hc rc|e|co eccoun||n po||c|cs. Conscqucn||y, cxchenc o|ffcrcnccs er|s|n on
sc|||cmcn|/|rens|e||on of forc|n currcncy |oens |o |hc cx|cn| rceroco es en eous|mcn| |o |n|crcs| cos|s es pcr pere 4 ,c) of
/S 1o eno h||hcr|o cherco |o s|e|cmcn| of |ron| eno |oss, hevc nov cccn eous|co |n |hc cos| of rc|e|co essc|s. /s e rcsu||,
pron| for |hc ycer cnoco 31
s|
Verch 2O13 |s h|hcr cy ` 14.8O crorc, nxco essc|s erc h|hcr cy ` 173.5o crorc eno |cfcrrco
lncomc from |orc|n Currcncy ||uc|ue||on |s h|hcr cy ` 158.7o crorc.
c) |ur|n |hc ycer, |hc Compeny rcv|cvco ||s po||cy for eccoun||n of cerpc| coe| vh|ch ves h||hcr|o cherco |o |hc s|e|cmcn|
of |ron| eno |oss eno cep||e||sco |hc cos| of cerpc| coe| v||h |hc coe| heno||n p|en|. Conscqucn||y, |en|c|c essc|s eno pron|
for |hc ycer of |hc Group erc h|hcr cy ` 3O.78 crorc.
c) |ur|n |hc ycer, |hc Compeny hes rcv|cvco eno moo|fco |hc eccoun||n po||cy rc|e|co |o emor||se||on of o|hcr |n|en|c|c
essc|s |o cr|n morc c|er||y. |ovcvcr, |h|s oocs no| hevc eny |mpec| on eccoun|s for |hc ycer.
38. Disclosure as per Accounting Standard - 11 on Effects of Changes in Foreign Exchange Rates
hc cffcc| of forc|n cxchenc nuc|ue||on our|n |hc ycer |s es unocr:
|) hc emoun| of cxchenc o|ffcrcnccs ,nc|) occ||co |o |hc S|e|cmcn| of |ron| & |oss |s ` 3.59 crore ,prcv|ous ycer occ|| of
` 19.oO crorc).
||) hc emoun| of cxchenc o|ffcrcnccs ,nc|) occ||co |o |hc cerry|n emoun| of ||xco /ssc|s |s ` 1,056.01 crore ,prcv|ous ycer
occ|| of ` 1,o71.O5 crorc).
39. Disclosure as per Accounting Standard - 12 on Accounting for Government Grants
|cvcnuc ren| rccon|sco our|n |hc ycer |s ` 0.39 crore ,prcv|ous ycer ` O.24 crorc).
37
th
4O. Disclosure as per Accounting Standard - 15 on Employee Benets
Gcncre| ocscr|p||on of ver|ous cmp|oycc ccncn| schcmcs erc es unocr:
A. Provident Fund
Compeny peys nxco con|r|cu||on |o prov|ocn| funo e| prcoc|crm|nco re|cs |o e scpere|c |rus|, vh|ch |nvcs|s |hc funos
|n pcrm|||co sccur|||cs. Con|r|cu||on |o fem||y pcns|on schcmc |s pe|o |o |hc eppropr|e|c eu|hor|||cs. hc con|r|cu||on of
` 196.50 crore ,prcv|ous ycer ` 18o.3o crorc) |o |hc funos for |hc ycer |s rccon|sco es cxpcnsc eno |s cherco |o |hc
s|e|cmcn| of pron| eno |oss. hc oc||e||on of |hc Compeny |s |o me|c such nxco con|r|cu||on eno |o cnsurc e m|n|mum re|c
of rc|urn |o |hc mcmccrs es spcc|nco cy GOl. /s pcr rcpor| of |hc ec|uery, ovcre|| |n|crcs| cern|ns eno cumu|e||vc surp|us |s
morc |hen |hc s|e|u|ory |n|crcs| peymcn| rcqu|rcmcn|. |cncc, no fur|hcr prov|s|on |s cons|ocrco ncccssery. hc oc|e||s of fe|r
ve|uc of p|en essc|s eno oc|||||ons erc es unocr:
` Crorc
Particulars 31.03.2013 31.O3.2O12
Oc|||||ons e| |hc cno of |hc ycer 4,755.00 4,118.35
|e|r ve|uc of p|en essc|s e| |hc cno of |hc ycer 4,812.77 4,183.8o
B. Gratuity & Pension
hc Compeny hes e ocnnco ccncn| re|u||y p|en. |vcry cmp|oycc vho hes rcnocrco con||nuous scrv|cc of nvc ycers or morc
|s cn||||co |o c| re|u||y e| 15 oeys se|ery ,15/2o |es| orevn ces|c se|ery p|us ocerncss e||ovencc) for cech comp|c|co ycer
of scrv|cc succc| |o e mex|mum of ` 0.10 crore on supcrennue||on, rcs|ne||on, |crm|ne||on, o|sec|cmcn| or on oce|h.
hc Compeny hes e schcmc of pcns|on e| onc of |hc s|e||ons |n rcspcc| of cmp|oyccs |e|cn ovcr from crs|vh||c s|e|c
ovcrnmcn| povcr u|||||y. ln rcspcc| of o|hcr cmp|oyccs of |hc Compeny, pcns|on schcmc |s yc| |o cc |mp|cmcn|co es
s|e|co |n |o|c 11 ,c).
hc cx|s||n schcmcs erc funoco cy |hc Compeny eno erc meneco cy scpere|c |rus|s. hc ||ec||||y for |hc semc |s rccon|sco
on |hc ces|s of ec|uer|e| ve|ue||on.
C. Post-Retirement Medical Facility (PRMF)
hc Compeny hes |os|-|c||rcmcn| Vco|ce| |ec||||y ,||V|), unocr vh|ch e rc||rco cmp|oycc eno h|s / hcr spousc erc prov|oco
mco|ce| fec|||||cs |n |hc Compeny hosp||e|s/cmpenc||co hosp||e|s. hcy cen e|so eve|| |rce|mcn| es ou|-pe||cn| succc| |o e
cc|||n nxco cy |hc Compeny. hc ||ec||||y for |hc semc |s rccon|sco on |hc ces|s of ec|uer|e| ve|ue||on.
D. Terminal Benets
crm|ne| ccncn|s |nc|uoc sc|||cmcn| e| homc |ovn for cmp|oyccs & ocpcnocn|s eno fercvc|| |f| |o |hc supcrennue||n
cmp|oyccs. |ur|hcr, |hc Compeny e|so prov|ocs for pcns|on |n rcspcc| of cmp|oyccs |e|cn ovcr from crs|vh||c S|e|c
Govcrnmcn| |ovcr 0|||||y e| eno|hcr s|e||on.hc ||ec||||y for |hc semc |s rccon|sco on |hc ces|s of ec|uer|e| ve|ue||on.
E. Leave
hc Compeny prov|ocs for cernco |cevc ccncn| ,|nc|uo|n compcnse|co ecscnccs) eno he|f-pey |cevc |o |hc cmp|oyccs of
|hc Compeny vh|ch eccruc ennue||y e| 3O oeys eno 2O oeys rcspcc||vc|y. 73.33 % of |hc cernco |cevc |s cn-ceshec|c vh||c |n
scrv|cc, eno up|o e mex|mum of 3OO oeys on scpere||on. |e|f-pey |cevc |s cn-ceshec|c on|y on scpere||on ccyono |hc ec of
5O ycers up |o |hc mex|mum of 24O oeys ,|||). |ovcvcr, |o|e| emoun| of |cevc |he| cen cc cnceshco on supcrennue||on she||
cc rcs|r|c|co |o 3OO oeys eno no commu|e||on of he|f-pey |cevc she|| cc pcrm|ss|c|c. hc ||ec||||y for |hc semc |s rccon|sco
on |hc ces|s of ec|uer|e| ve|ue||on.
hc ecovc mcn||onco schcmcs ,C, | eno |) erc unfunoco eno erc rccon|sco on |hc ces|s of ec|uer|e| ve|ue||on.
hc summer|sco pos|||on of ver|ous ocnnco ccncn|s rccon|sco |n |hc S|e|cmcn| of |ron| eno |oss, be|encc Shcc| erc es
unocr: ,||urcs |vcn |n { ] erc for prcv|ous ycer)
37
th
|) Expenses recognised in Statement of Prot & Loss
` Crorc
Gratuity/
Pension
PRMF Leave Terminal
Benets
Currcn| scrv|cc cos| oo.42
{oO.O3]
13.91
{11.12]
51.14
{42.o7]
5.o1
{5.O9]
|es| Scrv|cc Cos| O.OO
{-]
-
{-]
-
{-]
-
{-]
ln|crcs| cos| on ccncn| oc||e||on 1O3.92
{1O1.41]
29.o9
{2o.o1]
59.7O
{55.8o]
18.3o
{1o.35]
|xpcc|co rc|urn on p|en essc|s ,93.42)
{,82.94)]
-
{-]
-
{-]
-
{-]
|c| ec|uer|e| ,e|n)/ |oss rccon|sco |n |hc ycer 48.29
{1.5o]
51.O9
{29.38]
185.4o
{88.O2]
3O.21
{25.94]
|xpcnscs rccon|sco |n |hc S|e|cmcn| of |ron|
& |oss
125.21
{8O.Oo]
94.o9
{o7.11]
29o.3O
{18o.55]
54.18
{47.38]
||) The amount recognised in the Balance Sheet
` Crorc
Gratuity/
Pension
PRMF Leave Terminal
Benets
|rcscn| ve|uc of oc||e||on es e| 31.O3.2O13 1,445.O2 452.94 8o1.73 272.4O
{1298.oO] {371.11] {74o.O1] {229.83]
|e|r ve|uc of p|en essc|s es e| 31.O3.2O13 1,2o3.83 - - -
{11o9.9O] {-] {-] {-]
|c| ||ec||||y rccon|sco |n |hc be|encc Shcc| 181.19 452.94 8o1.73 272.4O
{128.7O] {371.11] {74o.O1] {229.83]
|||) Changes in the present value of the dened benet obligations:
` Crorc
Gratuity/
Pension
PRMF Leave Terminal
Benets
|rcscn| ve|uc of oc||e||on es e| O1.O4.2O12 1,298.oO 371.11 74o.O1 229.83
{1193.O4] {313.O7] {o5o.81] {192.53]
ln|crcs| cos| 1O3.92 29.o9 59.7O 18.3o
{1O1.41] {2o.o1] {55.8o] {1o.35]
Currcn| scrv|cc cos| oo.42 13.91 51.14 5.o1
{oO.O3] {11.12] {42.o7] {5.O9]
|es| Scrv|cc Cos| - - - -
{-] {-] {-] {-]
bcncn|s pe|o ,81.o5) ,12.8o) ,18O.58) ,11.o1)
{,o9.8o)] {,9.O7)] {,97.35)] {,1O.O8)]
|c| ec|uer|e| ,e|n)/ |oss on oc||e||on 57.73 51.O9 185.4o 3O.21
{13.98] {29.38] {88.O2] {25.94]
|rcscn| ve|uc of |hc ocnnco ccncn| oc||e||on
es e| 31.O3.2O13
1,445.O2 452.94 8o1.73 272.4O
{1298.oO] {371.11] {74o.O1] {229.83]
37
th
|v) Changes in the fair value of plan assets:
` Crorc
Gratuity/
Pension
PRMF Leave Terminal
Benets
|e|r ve|uc of p|en essc|s es e| O1.O4.2O12 11o9.9O - - -
{1O39.O4] {-] {-] {-]
|xpcc|co rc|urn on p|en essc|s 93.42 - - -
{82.94] {-] {-] {-]
Con|r|cu||ons cy cmp|oycr o8.O5 - - -
{1O1.39] {-] {-] {-]
bcncn| pe|o ,7o.98) - - -
{,o5.89)] {-] {-] {-]
/c|uer|e| e|n / ,|oss) 9.44 - - -
{12.42] {-] {-] {-]
|e|r ve|uc of p|en essc|s es e| 31.O3.2O13 1,2o3.83 - - -
{11o9.9O] {-] {-] {-]
v) The effect of one percentage point increase/decrease in the medical cost of PRMF will be as under:
` Crorc
Particulars Increase by Decrease by
Scrv|cc eno |n|crcs| cos| 5.72 ,o.27)
|rcscn| ve|uc of oc||e||on 73.42 ,oO.22)
F. Other Employee Benets
|rov|s|on for |on Scrv|cc /vero eno |em||y |conom|c |chec||||e||on Schcmc emoun||n |o ` 3.39 crore ,prcv|ous ycer
occ|| of ` 4.85 crorc) for |hc ycer hevc cccn meoc on |hc ces|s of ec|uer|e| ve|ue||on e| |hc ycer cno eno crco||co |o |hc
S|e|cmcn| of |ron| & |oss.
41. Disclosure as per Accounting Standard - 16 on Borrowing Costs
borrov|n cos|s cep||e||sco our|n |hc ycer erc ` 2,718.48 crore ,prcv|ous ycer ` 2,782.88 crorc).
42. Disclosure as per Accounting Standard - 17 on Segment Reporting
Segment information:
e) bus|ncss Scmcn|s
hc Group's pr|nc|pe| cus|ncss |s cncre||on eno se|c of cu|| povcr |o S|e|c |ovcr 0||||||cs. O|hcr cus|ncss |nc|uocs prov|o|n
consu||ency, procc| menecmcn| eno supcrv|s|on, o|| eno es cxp|ore||on eno coe| m|n|n.
c) Scmcn| |cvcnuc eno |xpcnsc
|cvcnuc o|rcc||y e||r|cu|ec|c |o |hc scmcn|s |s cons|ocrco es Scmcn| |cvcnuc. |xpcnscs o|rcc||y e||r|cu|ec|c |o |hc
scmcn|s eno common cxpcnscs e||oce|co on e rcesonec|c ces|s erc cons|ocrco es Scmcn| |xpcnscs.
c) Scmcn| /ssc|s eno ||ec|||||cs
Scmcn| essc|s |nc|uoc e|| opcre||n essc|s |n rcspcc||vc scmcn|s compr|s|n of nc| nxco essc|s eno currcn| essc|s, |oens
eno eovenccs. Cons|ruc||on vor|-|n-prorcss, cons|ruc||on s|orcs eno eovenccs erc |nc|uoco |n une||oce|co corpore|c eno
o|hcr essc|s. Scmcn| ||ec|||||cs |nc|uoc opcre||n ||ec|||||cs eno prov|s|ons.
` Crorc
Business Segments
Total
Generation Others
Current
Year
|rcv|ous
/cer
Current
Year
|rcv|ous
/cer
Current
Year
|rcv|ous
/cer
Revenue :
Se|c of cncry/consu||ency, procc| menecmcn|
eno supcrv|s|on fccs *
67,407.11 o4,332.47 619.37 o53.44 68,026.48 o4,985.91
O|hcr |ncomc** 3,394.25 1,151.o4 (78.25) 14o.o3 3,316.00 1,298.27
o|e| 70,801.36 o5,484.11 541.12 8OO.O7 71,342.48 oo,284.18
Segment Result # 17,330.24 13,33o.59 (54.48) 192.38 17,275.76 13,528.97
0ne||oce|co corpore|c |n|crcs| eno o|hcr |ncomc 2,766.60 2,558.3O
37
th
` Crorc
Business Segments
Total
Generation Others
Current
Year
|rcv|ous
/cer
Current
Year
|rcv|ous
/cer
Current
Year
|rcv|ous
/cer
0ne||oce|co corpore|c cxpcnscs, |n|crcs| eno
nnencc chercs
3,431.41 2,95O.O1
|ron| ccforc |ex 16,610.95 13,137.2o
lncomc |ex ,nc|) 4,024.73 3,322.oO
|ron| ef|cr |ex 12,586.22 9,814.oo
Other information
Scmcn| essc|s 88,065.86 73,2O3.85 2,506.08 2,243.93 90,571.94 75,447.78
0ne||oce|co corpore|c eno o|hcr essc|s 88,138.64 79,8O7.1o
o|e| essc|s 88,065.86 73,2O3.85 2,506.08 2,243.93 178,710.58 155,254.94
Scmcn| ||ec|||||cs 13,578.61 1O,8O3.O8 2,167.99 1,794.o7 15,746.60 12,597.75
0ne||oce|co corpore|c eno o|hcr ||ec|||||cs 81,723.03 o8,381.38
o|e| ||ec|||||cs 13,578.61 1O,8O3.O8 2,167.99 1,794.o7 97,469.63 8O,979.13
|cprcc|e||on ,|nc|uo|n pr|or pcr|oo) 3,786.48 3,Oo7.39 3.32 2.4O 3,789.80 3,Oo9.79
|on-cesh cxpcnscs o|hcr |hen ocprcc|e||on 169.63 15.29 5.08 41.19 174.71 5o.48
Cep||e| cxpcno||urc 23,494.47 17,71O.5o 615.17 315.31 24,109.64 18,O25.87
* lnc|uocs ` 1,487.94 crore ,prcv|ous ycer ` 281.o4 crorc) for se|cs rc|e|co |o cer||cr ycers.
** Gcncre||on scmcn| |nc|uocs `1,684.11 crore ,prcv|ous ycer |||) eno o|hcr scmcn| ,-) ` 115.82 crore ,prcv|ous ycer |||)
|overos cxccp||one| ||cms ,|cfcr |o|c no.33).
# Gcncre||on scmcn| rcsu|| vou|o hevc cccn ` 15,842.30 crore ,prcv|ous ycer ` 13,O54.95 crorc) v||hou| |nc|uo|n |hc se|cs
rc|e|co |o cer||cr ycers.
o) hc opcre||ons of |hc Group erc me|n|y cerr|co ou| v||h|n |hc coun|ry eno |hcrcforc, coreph|ce| scmcn|s erc |nepp||cec|c.
43. Disclosure as per Accounting Standard - 18 on Related Party Disclosures
e) |c|e|co per||cs:
|) !o|n| vcn|urcs:
0|||||y |ovcr|cch ||o., ||C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o., b|-||C |ncry Sys|cms ||o., |en-/s|en |cncvec|cs |r|ve|c
||o., r|ncome|cc |ovcr Compeny ||o. eno ben|eocsh -lno|e |r|cnosh|p |ovcr Compeny |r|ve|c ||o.
|| ) |cy Venecmcn| |crsonnc|:
Shr| /rup |oy Chouohury Che|rmen eno Vene|n ||rcc|or
Shr|.b.|.S|nh ||rcc|or ,|rocc|s)
Shr| |.|. !e|n ||rcc|or ,cchn|ce|)
1
Shr| S.|.S|nh ||rcc|or ,|umen |csourccs)
2
Shr| |.|.V|shre ||rcc|or ,Opcre||ons)
Shr| /.|.!he ||rcc|or ,cchn|ce|)
3
Shr| 0.|.|en| ||rcc|or ,|umen |csourccs)
4
1. Supcrennue|co on 3O
|h
!unc 2O12 2. Supcrennue|co on 28
|h
|ccruery 2O13
3. \.c.f. 1
s|
!u|y 2O12 4. \.c.f. 1
s|
Verch 2O13
37
th
c) rensec||ons v||h |hc rc|e|co per||cs e| e ,|) ecovc erc es fo||ovs:
` Crorc
Particulars Current Year |rcv|ous /cer
|) rensec||ons our|n |hc ycer
Con|rec|s for \or|s/ Scrv|ccs for scrv|ccs rccc|vco cy |hc Compeny:
- 0|||||y |ovcr|cch ||o. 393.14 335.47
- ||C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o. 6.19 1O.1O
|cpu|e||on of |mp|oyccs:
- 0|||||y |ovcr|cch ||o. 0.51 O.13
- ||C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o 1.23 O.82
- r|ncome|cc |ovcr Compeny ||o. 0.82 O.15
- |en-/s|en |cncvec|cs |r|ve|c ||o. 0.13 -
||) ||v|ocno |ccc|vco:
- 0|||||y |ovcr|cch ||o. 4.00 3.OO
- ||C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o. 0.36 O.3O
|||) /moun| rccovcrec|c for con|rec|s for vor|s/scrv|ccs rccc|vco:
- 0|||||y |ovcr|cch ||o. 0.22 O.94
- ||C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o 0.04 O.O4
|v) /moun| peyec|c for con|rec|s for vor|s/scrv|ccs rccc|vco:
- 0|||||y |ovcr|cch ||o. 64.27 48.83
- ||C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o 7.86 1O.44
v) /moun| rccovcrec|c on eccoun| of ocpu|e||on of cmp|oyccs:
- 0|||||y |ovcr|cch ||o. 0.66 O.3O
- ||C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o 1.32 O.33
- r|ncome|cc |ovcr compeny ||o. 0.97 O.15
- |en-/s|en |cncvec|cs |r|ve|c ||o. 0.13 -
hc Compeny hes rccc|vco cen| ueren|ccs from 0|||||y |ovcr|cch ||o. for en emoun| of ` 6.35 crore ,prcv|ous ycer
` 4.18 crorc).
|cmuncre||on |o |cy menecmcn| pcrsonnc| for |hc ycer |s ` 3.59 crore ,prcv|ous ycer ` 2.79 crorc) eno emoun| of oucs
ou|s|eno|n |o |hc Compeny es on 31
s|
Verch 2O13 erc ` 0.07 crore ,prcv|ous ycer ` O.O8 crorc).
` Crorc
Managerial remuneration to key management personnel 31.03.2013 31.3.2O12
Shr| /rup |oy Chouohury O.54 O.35
Shr| /.|.S|nhe| O.55 O.47
Shr| l.!. |epoor O.45 O.43
Shr|.b.|.S|nh O.52 O.45
Shr| |.|.!e|n O.38 O.42
Shr| S.|.S|nh O.43 O.31
Shr| |.|.V|sre O.44 O.3o
Shr| /.|.!he O.2o -
Shr| 0.|.|en| O.O2 -
Total 3.59 2.79
37
th
44. Disclosure as per Accounting Standard - 19 on Leases
a) Finance leases
hc Group hes |e|cn on |cesc ccr|e|n vch|c|cs eno hes |hc op||on |o purchesc |hc vch|c|cs es pcr |crms of |hc |cesc erccmcn|s,
oc|e||s of vh|ch erc es unocr:
` Crorc
Particulars 31.03.2013 31.3.2O12
a) Obligations towards minimum lease payments
|o| |e|cr |hen onc ycer 0.28 O.52
|e|cr |hen onc ycer eno no| |e|cr |hen nvc ycers 0.09 O.28
|e|cr |hen nvc ycers -
Total 0.37 O.8O
b) Present value of (a) above
|o| |e|cr |hen onc ycer 0.26 O.47
|e|cr |hen onc ycer eno no| |e|cr |hen nvc ycers 0.07 O.2o
|e|cr |hen nvc ycers -
Total 0.33 O.73
c) Finance charges 0.04 O.O7
b) Operating leases
hc Group's s|n|ncen| |ces|n errencmcn|s erc |n rcspcc| of opcre||n |cescs of prcm|scs for rcs|ocn||e| usc of cmp|oyccs,
ofnccs eno ucs| houscs/|rens|| cemps for e pcr|oo of onc |o |vo ycers. hcsc |ces|n errencmcn|s erc usue||y rcncvec|c on
mu|ue||y ercco |crms cu| erc no| non-cencc||ec|c. |o|c 24 - |mp|oycc ccncn|s cxpcnsc |nc|uocs ` 83.80 crore ,prcv|ous
ycer ` 83.2O crorc) |overos |cesc peymcn|s, nc| of rccovcr|cs, |n rcspcc| of prcm|scs for rcs|ocn||e| usc of cmp|oyccs. |cesc
peymcn|s |n rcspcc| of prcm|scs for ofnccs eno ucs| housc/|rens|| cemps erc |nc|uoco unocr '|cn|' |n |o|c 2o 'Gcncre||on,
eom|n|s|re||on eno o|hcr cxpcnscs'. |ur|hcr, |hc Compeny hes |e|cn e hc||cop|cr on vc| |cesc ces|s for e pcr|oo of c|cvcn
ycers eno |hc emoun| of |cesc chercs |s |nc|uoco |n 'V|scc||encous cxpcnscs' |n |o|c 2o.
45. Disclosure as per Accounting Standard - 20 on Earnings Per Share
hc c|cmcn|s cons|ocrco for ce|cu|e||on of |ern|n |cr Sherc ,bes|c eno |||u|co) erc es unocr:
Group pron| ef|cr |ex usco es numcre|or - ` crorc 12,590.78 9,812.79
\c|h|co evcrec numccr of cqu||y shercs usco es ocnom|ne|or 8,24,54,64,400 8,24,54,o4,4OO
|ern|n pcr sherc ,bes|c eno |||u|co) - ` 15.27 11.9O
|om|ne| ve|uc pcr sherc - ` 10/- 1O/-
4o. Disclosure as per Accounting Standard - 26 on Intangible Assets
|cscerch cxpcno||urc cherco |o rcvcnuc our|n |hc ycer |s ` 91.85 crore ,prcv|ous ycer ` 29.89 crorc).
47. Disclosure as per Accounting Standard - 28 on Impairment of Assets
/s rcqu|rco cy /ccoun||n S|enoero ,/S) 28 'lmpe|rmcn| of /ssc|s' no||nco unocr |hc Compen|cs ,/ccoun||n S|enoeros)
|u|cs, 2OOo, |hc Compeny hes cerr|co ou| |hc esscssmcn| of |mpe|rmcn| of essc|s. besco on such esscssmcn|, |hcrc hes cccn no
|mpe|rmcn| |oss our|n |hc ycer.
48. Foreign currency exposure not hedged by a derivative instrument or otherwise:
|er||cu|ers Currcnc|cs /moun| |n |orc|n Currcncy
,Crorc)
/moun| ,` Crorc)
31.03.2013 31.O3.2O12 31.03.2013 31.O3.2O12
borrov|ns, |nc|uo|n |n|crcs| eccruco
cu| no| ouc |hcrcon.
0S| 252.41 2O4.13 13,859.96 1O,538.98
!|/ 4904.08 5337.2o 2,872.81 3,378.49
|0|O 12.22 o.12 860.17 423.42
37
th
|er||cu|ers Currcnc|cs /moun| |n |orc|n Currcncy
,Crorc)
/moun| ,` Crorc)
31.03.2013 31.O3.2O12 31.03.2013 31.O3.2O12
reoc peyec|cs/ocpos||s eno rc|cn||on
mon|cs
0S| 21.49 23.8O 1,179.80 1,228.o1
|0|O 9.83 12.42 691.99 859.28
O|hcrs 35.76 3O.o4 23.98 34.9o
reoc rccc|vec|cs eno ben| ce|enccs 0S| 0.01 O.O2 0.78 O.82
O|hcrs 0.50 - 0.30 -
0ncxccu|co emoun| of con|rec|s
rcme|n|n |o cc cxccu|co
0S| 105.15 42.38 5,773.61 2,188.14
|0|O 87.49 22.o4 6,161.41 1,5oo.4O
O|hcrs 1472.40 253.o2 999.89 19O.1o
hc Compeny hes formu|e|co en |xchenc ||s| Venecmcn| |o||cy v||h cffcc| from 1
s|
Oc|occr 2O12. ln |crms of |hc rcqu|rcmcn|s
of |hc se|o |o||cy eno u|oc||ncs of |hc |cscrvc ben| of lno|e, |hc Compeny |s currcn||y nco||e||n ln|crne||one| Sveps eno
|cr|ve||vcs /ssoc|e||on ,lS|/) erccmcn|s v||h /u|hor|sco |ce|cr cen|s. |o ocr|ve||vc |rensec||ons hevc cccn unocr|e|cn our|n
|hc ycer pcno|n nne||se||on of lS|/ erccmcn|s v||h |hc cen|s.
(a) Claims against the Group not acknowledged as debts in respect of:
(i) Capital Works
Somc of |hc con|rec|ors for supp|y eno |ns|e||e||on of cqu|pmcn|s eno cxccu||on of vor|s e| our procc|s hevc |ooco
c|e|ms on |hc Group for ` 4,031.12 crore ,prcv|ous ycer ` 4,471.24 crorc) scc||n cnhenccmcn| of |hc con|rec| pr|cc,
rcv|s|on of vor| schcou|c v||h pr|cc csce|e||on, compcnse||on for |hc cx|cnoco pcr|oo of vor|, |o|c chercs c|c.
hcsc c|e|ms erc cc|n con|cs|co cy |hc rcspcc||vc compen|cs es cc|n no| eom|ss|c|c |n |crms of |hc prov|s|ons of |hc
rcspcc||vc con|rec|s.
hc Group |s pursu|n ver|ous op||ons unocr |hc o|spu|c rcso|u||on mcchen|sm eve||ec|c |n |hc con|rec|s for sc|||cmcn|
of |hcsc c|e|ms. l| |s no| prec||cec|c |o me|c e rce||s||c cs||me|c of |hc ou|nov of rcsourccs |f eny, for sc|||cmcn| of such
c|e|ms pcno|n rcso|u||on.
(ii) Land compensation cases
ln rcspcc| of |eno ecqu|rco for |hc procc|s, |hc |eno |oscrs hevc c|e|mco h|hcr compcnse||on ccforc ver|ous eu|hor|||cs/
cour|s vh|ch erc yc| |o cc sc|||co. ln such cescs, con||ncn| ||ec||||y of ` 748.99 crore ,prcv|ous ycer ` 1,174.2O crorc)
hes cccn cs||me|co.
(iii) Fuel Suppliers
|cno|n rcso|u||on of |hc |ssucs v||h coe| compen|cs es o|sc|osco |n |o|c 34, peymcn|s eno eccoun||n of coe| erc
cc|n meoc cesco on GCv esccr|e|nco e| s|e||on cno. hc o|ffcrcncc cc|vccn |hc emoun| c|||co cy |hc coe| compen|cs
eno |hc peymcn| rc|cesco cy |hc compeny emoun|s |o ` 2,531.10 crore ,prcv|ous ycer `|||).
|ur|hcr, en emoun| of ` 367.73 crore ,prcv|ous ycer ` 4OO.o3 crorc) |overos surfecc |renspor|e||on chercs, cus|oms
ou|y on scrv|cc mer|n on |mpor|co coe| c|c. hes cccn o|spu|co cy |hc Compeny.
(iv) Others
ln rcspcc| of c|e|ms meoc cy ver|ous S|e|c/Ccn|re| Govcrnmcn| ocper|mcn|s//u|hor|||cs |overos cu||o|n pcrm|ss|on
fcc, pcne||y on o|vcrs|on of er|cu||ure| |eno |o non-er|cu||ure| usc, ne|e |ex, ve|cr roye||y c|c. eno cy o|hcrs, con||ncn|
||ec||||y of ` 862.81 crore ,prcv|ous ycer ` 878.95 crorc) hes cccn cs||me|co.
(v) Possible Reimbursement
hc con||ncn| ||ec|||||cs rcfcrrco |o |n ,|) ecovc, |nc|uoc en emoun| of ` 961.24 crore ,prcv|ous ycer ` 1,7o9.7O crorc)
rc|e||n |o |hc hyoro povcr procc| s|e|co |n |o|c 21 ,c) - O|hcr currcn| essc|s, for vh|ch Compeny cnv|secs poss|c|c
rc|mcurscmcn| from GOl |n fu||. ln rcspcc| of ce|encc c|e|ms |nc|uoco |n ,|) eno |n rcspcc| of |hc c|e|ms mcn||onco e| ,||)
ecovc, peymcn|s, |f eny, cy |hc compeny on sc|||cmcn| of |hc c|e|ms vou|o cc c|||c|c for |nc|us|on |n |hc cep||e| cos|
for |hc purposc of oc|crm|ne||on of |er|ff es pcr C||C |cu|e||ons succc| |o pruocncc chcc| cy |hc C||C. ln cesc of ,|||),
|hc cs||me|co poss|c|c rc|mcurscmcn| |s cy vey of rccovcry |hrouh |er|ff es pcr |cu|e||ons, 2OO9 |s ` 2,792.06 crore
,prcv|ous ycer ` 283.45 crorc).
37
th
(b) Disputed Income Tax/Sales Tax/Excise Matters
||spu|co lncomc ex/Se|cs ex/|xc|sc me||crs pcno|n ccforc ver|ous /ppc||e|c /u|hor|||cs emoun| |o ` 2,215.26 crore
,prcv|ous ycer ` 3,273.9o crorc). Veny of |hcsc me||crs vcrc o|sposco off |n fevour of |hc Group cu| erc o|spu|co ccforc
h|hcr eu|hor|||cs cy |hc conccrnco ocper|mcn|s. ln such cescs, |hc Group cs||me|cs poss|c|c rc|mcurscmcn| of ` 827.34
crore ,prcv|ous ycer ` 2,112.O2 crorc).
(c) Others
O|hcr con||ncn| ||ec|||||cs emoun| |o ` 376.57 crore ,prcv|ous ycer ` 355.7o crorc).
Somc of |hc ccncnc|er|cs hevc n|co eppce|s ee|ns| |hc |er|ff orocrs of |hc C||C. hc emoun| of con||ncn| ||ec||||y |n |h|s
rcero |s no| esccr|e|nec|c.
hc con||ncn| ||ec|||||cs o|sc|osco ecovc |nc|uoc ` 118.75 crore ,prcv|ous ycer ` 78.O9 crorc) sherc of o|n||y con|ro||co
cn|||||cs.
5O. Capital and other commitments
e) |s||me|co emoun| of con|rec|s rcme|n|n |o cc cxccu|co on cep||e| eccoun| eno no| prov|oco for es e| 31
s|
Verch 2O13 |s
` 61,339.29 crore ,prcv|ous ycer ` 3o,o93.87 crorc) vh|ch |nc|uocs en emoun| of ` 6,803.66 crore ,prcv|ous ycer
` 1,848.88 crorc) |n rcspcc| of o|n||y con|ro||co cn||||cs.
c) Compeny's com|||mcn| |overos |hc m|n|mum vor| proremmc |n rcspcc| of o|| cxp|ore||on ec||v|||cs of o|n| vcn|urc
opcre||ons hes cccn o|sc|osco |n |o|c 31 |.
c) Group's comm||mcn| |n rcspcc| of fur|hcr comm||mcn|s rc|e||n |o |cesc erccmcn|s hes cccn o|sc|osco |n |o|c 44.
o) Compeny's comm||mcn| |overos |hc m|n|mum vor| proremmc |n rcspcc| of o|| cxp|ore||on ec||v||y of Cemcey b|oc| ,1OO%
ovnco cy |hc compeny) |s ` 183.45 crore ,USD 33.73 million) ,prcv|ous ycer ` 182.84 crorc, 0S| 35.41 m||||on).
51. |or ccr|e|n ||cms, |hc Compeny eno ||s !o|n| vcn|urcs hevc fo||ovco o|ffcrcn| eccoun||n po||c|cs. |ovcvcr, |mpec| of |hc semc
|s no| me|cr|e|.
hcsc erc |hc no|cs rcfcrrco |o |n be|encc Shcc| eno S|e|cmcn| of |ron| & |oss
V |o. O87537 V |o. O94227 V |o. O25973
V |o. O24282 V |o. O937o9 V.|o. 4OO189
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O13
37
th
Independent Auditors Report on the Consolidated Financial Statements
To
The Board of Directors
NTPC Limited
\c hevc euo||co |hc eccompeny|n conso||oe|co nnenc|e| s|e|cmcn|s of ||C ||m||co ,|hc Compeny') eno ||s sucs|o|ery eno o|n| vcn|urc
compen|cs ,co||cc||vc|y rcfcrrco |o es |hc Group'), vh|ch compr|sc |hc conso||oe|co be|encc Shcc| es e| Verch 31, 2O13, |hc conso||oe|co
S|e|cmcn| of |ron| eno |oss eno |hc conso||oe|co Cesh ||ov S|e|cmcn| for |hc ycer |hcn cnoco, eno e summery of s|n|ncen| eccoun||n
po||c|cs eno o|hcr cxp|ene|ory |nforme||on.
Managements Responsibility for the Consolidated Financial Statements
Venecmcn| |s rcspons|c|c for |hc prcpere||on of |hcsc conso||oe|co nnenc|e| s|e|cmcn|s |he| |vc e |ruc eno fe|r v|cv of |hc conso||oe|co
nnenc|e| pos|||on, conso||oe|co nnenc|e| pcrformencc eno conso||oe|co cesh novs of |hc Group |n eccoroencc v||h eccoun||n pr|nc|p|cs
cncre||y ecccp|co |n lno|e.
h|s rcspons|c||||y |nc|uocs |hc ocs|n, |mp|cmcn|e||on eno me|n|cnencc of |n|crne| con|ro| rc|cven| |o |hc prcpere||on eno prcscn|e||on of |hc
conso||oe|co nnenc|e| s|e|cmcn|s |he| |vc e |ruc eno fe|r v|cv eno erc frcc from me|cr|e| m|ss|e|cmcn|, vhc|hcr ouc |o freuo or crror.
Auditors Responsibility
Our rcspons|c||||y |s |o cxprcss en op|n|on on |hcsc conso||oe|co nnenc|e| s|e|cmcn|s cesco on our euo||. \c conouc|co our euo|| |n
eccoroencc v||h |hc S|enoeros on /uo|||n |ssuco cy |hc lns|||u|c of Cher|crco /ccoun|en|s of lno|e. hosc S|enoeros rcqu|rc |he| vc comp|y
v||h c|h|ce| rcqu|rcmcn|s eno p|en eno pcrform |hc euo|| |o oc|e|n rcesonec|c essurencc ecou| vhc|hcr |hc conso||oe|co nnenc|e| s|e|cmcn|s
erc frcc from me|cr|e| m|ss|e|cmcn|.
/n euo|| |nvo|vcs pcrform|n proccourcs |o oc|e|n euo|| cv|ocncc ecou| |hc emoun|s eno o|sc|osurcs |n |hc conso||oe|co nnenc|e|
s|e|cmcn|s. hc proccourcs sc|cc|co ocpcno on |hc euo||ors' uocmcn|, |nc|uo|n |hc esscssmcn| of |hc r|s|s of me|cr|e| m|ss|e|cmcn| of
|hc conso||oe|co nnenc|e| s|e|cmcn|s, vhc|hcr ouc |o freuo or crror. ln me||n |hosc r|s| esscssmcn|s, |hc euo||ors cons|ocr |n|crne| con|ro|
rc|cven| |o |hc Group's prcpere||on eno prcscn|e||on of |hc conso||oe|co nnenc|e| s|e|cmcn|s |he| |vc e |ruc eno fe|r v|cv |n orocr |o ocs|n
euo|| proccourcs |he| erc eppropr|e|c |n |hc c|rcums|enccs. /n euo|| e|so |nc|uocs cve|ue||n |hc eppropr|e|cncss of eccoun||n po||c|cs usco
eno |hc rcesonec|cncss of |hc eccoun||n cs||me|cs meoc cy menecmcn|, es vc|| es cve|ue||n |hc ovcre|| prcscn|e||on of |hc conso||oe|co
nnenc|e| s|e|cmcn|s.
\c cc||cvc |he| |hc euo|| cv|ocncc vc hevc oc|e|nco |s sufnc|cn| eno eppropr|e|c |o prov|oc e ces|s for our euo|| op|n|on.
\c o|o no| euo|| |hc nnenc|e| s|e|cmcn|s of |hc Sucs|o|er|cs eno |hc !o|n| vcn|urc cn||||cs.
hc nnenc|e| s|e|cmcn|s of |hc fo||ov|n Sucs|o|er|cs eno !o|n| vcn|urc Compen|cs hevc cccn euo||co cy o|hcr euo||ors vhosc rcpor|s hevc
cccn furn|shco |o us, eno |n our op|n|on, so fer es || rc|e|cs |o |hc emoun|s |nc|uoco |n rcspcc| of |hcsc compen|cs |s cesco so|c|y on |hc rcpor|
of |hcsc euo||ors. hc oc|e||s of |hc essc|s, rcvcnuc eno nc| cesh novs |n rcspcc| of |hcsc Sucs|o|er|cs eno !o|n| vcn|urc cn||||cs |o |hc cx|cn|
|o vh|ch |hcy erc rcncc|co |n |hc conso||oe|co nnenc|e| s|e|cmcn|s erc |vcn cc|ov:
` Crorc
Name of the Companies Assets Revenues Net Cash
Flows
Subsidiaries:
1) ||C ||cc|r|c Supp|y Compeny ||o ,|nc|uo|n ||s 5O% |n|crcs| |n |l||SCO |ovcr
& 0||||||cs |v|. ||o., e o|n| vcn|urc v||h |l|||/, e s|e|u|ory cooy of Govcrnmcn|
of |cre|e, v||h essc|s ` 13.22 crorc, rcvcnucs ` 15.28 crorc eno nc| cesh novs
,-) ` O.9o crorc) 8o7.21 44.2O ,133.42)
2) ||C |yoro ||o. ,unocr eme|eme||on v||h ||C ||o.) 1oO.14 - O.Oo
3) ||C v|oyu| vyeper ||em ||o. 982.92 75.22 183.48
4) |en|| b||cc 0|peoen ||em ||o 2,443.59 9.93 ,5o.42)
5) bher||ye |e|| b||cc Compeny ||o. 2,7o8.83 - ,83.13)
Joint Ventures:
1) 0|||||y |ovcr |cch ||o. 93.o3 219.4o O.48
2) ||C -/|s|om |ovcr Scrv|ccs |v|. ||o. 47.O1 35.O3 2.52
3) ||C-em||neou |ncry Compeny ||o 4,17o.11 151.13 ,1O.89)
4) rensformcrs eno ||cc|r|ce|s |cre|e ||o. 75.37 o8.89 ,1.49)
5) |e||one| ||h |ovcr cs| |ecore|ory |v|. ||o 13.58 - O.92
o) Vce 0re ||em |v| ||o. 594.3o - 8.58
7) |ec|neer |ovcr Gcncre||n Compeny |v|. ||o. 7OO.55 - ,1O3.27)
8) /reve|| |ovcr Compeny |v|. ||o. 4,714.4o 1,388.44 ,13.27)
Total 17,637.76 1,992.30 (205.85)
37
th
hc nnenc|e| s|e|cmcn|s of |hc fo||ov|n !o|n| vcn|urcs erc uneuo||co eno |n our op|n|on so fer es || rc|e|cs |o |hc emoun|s |nc|uoco |n rcspcc|
of |hc se|o o|n| vcn|urcs erc cesco so|c|y on |hc nnenc|e| s|e|cmcn|s ccr||nco cy |hc menecmcn| of |hc rcspcc||vc cn||||cs. hc oc|e||s of
essc|s, rcvcnuc eno nc| cesh novs |n rcspcc| of |hcsc !o|n| vcn|urc |n||||cs |o |hc cx|cn| |o vh|ch |hcy erc rcncc|co |n |hc conso||oe|co
nnenc|e| s|e|cmcn| erc |vcn cc|ov:
` Crorc
Name of the Companies Assets Revenues Net Cash Flows
1) ||C-b||| |ovcr |rocc| |v|. ||o 97.O7 57.58 ,2.42)
2) ||C- S/l| |ovcr Compeny |v|. ||o. 1,7o3.23 948.93 73.93
3) b|-||C |ncry Sys|cms ||o. 3.Oo - ,O.3o)
4) |e|ne|r| Ges & |ovcr |v|. ||o. 4,Oo7.o8 7o4.93 87.41
5) ||C-SCC| G|oce| vcn|urc |v|. ||o. O.O5 - -
o) |e||one| |ovcr |xchenc ||o. 1.3o O.12 ,O.17)
7) ln|crne||one| Coe| vcn|urc |v|. ||o. 3.38 - ,22.57)
8) |ncry |fnc|cncy Scrv|ccs ||o. 29.39 3.o3 ,4.35)
9) Cl| ||C 0re |v|. ||o. O.O1 - -
1O) /nushe||| v|oyu| ||em ||o. O.O5 - -
11) |en-/s|en |cncvec|cs |r|ve|c ||o. O.21 O.O1 ,O.2o)
12) r|ncome|cc |ovcr Compeny ||o. 5.84 O.55 ,O.72)
Total 5,971.33 1,775.75 130.49
\c rcpor| |he| |hc conso||oe|co nnenc|e| s|e|cmcn|s hevc cccn prcperco cy |hc Compeny's menecmcn| |n eccoroencc v||h |hc rcqu|rcmcn|s
of /ccoun||n S|enoero ,/S) 21, 'Conso||oe|co ||nenc|e| S|e|cmcn|s' eno /ccoun||n S|enoero ,/S) 27, '||nenc|e| |cpor||n of ln|crcs|s |n !o|n|
vcn|urcs' of |hc Compen|cs ,/ccoun||n S|enoeros) |u|cs, 2OOo.
Emphasis of Matter
\||hou| que||fy|n our rcpor|, vc orev e||cn||on |o |o|c 34 |n rcspcc| of eccoun||n of fuc| on GCv cesco pr|c|n sys|cm.
Opinion
|ur|hcr |o our commcn|s |n |hc ecovc pererephs, vc rcpor| |he| on |hc ces|s of |hc |nforme||on eno cxp|ene||ons |vcn |o us eno on
cons|ocre||on of |hc scpere|c euo|| rcpor|s of |no|v|oue| euo||co nnenc|e| s|e|cmcn|s of |hc Group |o |hc cx|cn| rccc|vco es s|e|co ecovc, |n
our op|n|on eno |o |hc ccs| of our |nforme||on eno eccoro|n |o |hc cxp|ene||ons |vcn |o us, |hc conso||oe|co nnenc|e| s|e|cmcn|s |vc
e |ruc eno fe|r v|cv |n conform||y v||h |hc eccoun||n pr|nc|p|cs cncre||y ecccp|co |n lno|e:
,e) |n |hc cesc of |hc conso||oe|co be|encc Shcc|, of |hc s|e|c of effe|rs of |hc Group es e| Verch 31, 2O13,
,c) |n |hc cesc of |hc conso||oe|co S|e|cmcn| of |ron| eno |oss, of |hc pron| for |hc ycer cnoco on |he| oe|c, eno
,c) |n |hc cesc of |hc conso||oe|co Cesh ||ov S|e|cmcn|, of |hc cesh novs for |hc ycer cnoco on |he| oe|c.
V |o. O87537 V |o. O94227 V |o. O25973
V |o. O24282 V |o. O937o9 V.|o. 4OO189
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O13
37
th
NTPC Limited
Regd. Ofce : ||C bheven, SCO|| Comp|cx, 7, lns|||u||one| /rce, |oo| |oeo, |cv |c|h|-11OOO3
ATTENDANCE SLIP
37
th
Annual General Meeting to be held on Tuesday, September 17, 2013 at 10.30 a.m.
|/V| O| || /|||l|G V|Vb||
,l| b|OC| ||||S)
*|o||o |o.
|| l| |o.
C||cn| l| |o.
|o. of shercs hc|o
|/V| O| ||O/
,l| b|OC| ||||S, O b| |l||||
l| l| || ||O/ /|||S l|S|/| O| || V|Vb||)
l, hcrccy rccoro my prcscncc e| |hc 37
|h
/nnue| Gcncre| Vcc||n of |hc Compeny e| Venc|shev Ccn|rc, |ereoc |oeo, |cv |c|h| 11O O1O, on ucsoey,
Scp|cmccr 17, 2O13.
S|ne|urc of Vcmccr/|roxy
*/pp||cec|c |n cesc of shercs hc|o |n |hys|ce| |orm.
|O|S:
1. hc e||cnoencc s||p shou|o cc s|nco es pcr |hc spcc|mcn s|ne|urc rc|s|crco v||h |ervy Compu|crsherc |r|ve|c ||m||co, |c|s|rer & rensfcr /cn| ,|/)/
|cpos||ory |er||c|pen| ,||). Such ou|y comp|c|co eno s|nco /||cnoencc S||p,s) shou|o cc henoco ovcr e| |hc |/ coun|cr,s) e| |hc vcnuc ee|ns| vh|ch |/
v||| prov|oc eom|ss|on cero. |n|ry |o |hc he|| v||| cc s|r|c||y on |hc ces|s of eom|ss|on cero es prov|oco cy |/. Vcmccrs |n pcrson eno |roxy ho|ocrs may
please carry photo-ID card for identication/verication purposes.
2. Shercho|ocr,s) prcscn| |n pcrson or |hrouh rc|s|crco proxy she|| on|y cc cn|cr|e|nco.
3. Due to strict security reasons mobile phones, brief cases, eatables and other belongings are not allowed inside the Auditorium. Shareholder(s)/
proxy holder(s) will be required to take care of their belonging(s).
4. No gifts will be distributed at the Annual General Meeting.
----------------------------------------------------------------------------------------------------------------------------------
NTPC Limited
Regd. Ofce : ||C bheven, SCO|| Comp|cx, 7, lns|||u||one| /rce, |oo| |oeo, |cv |c|h|-11OOO3
FORM OF PROXY
|| l| :
C||cn| l| :
|o. of Shercs :
|co. |o||o |o.:
,|n cesc of shercs hc|o |n |hys|ce| |orm)
l/\c .................................... of .........................
.......... |n |hc ||s|r|c| of .............................. cc|n e mcmccr/ mcmccrs of |hc ecovc
nemco Compeny, hcrccy eppo|n| ............. of ......|n |hc ||s|r|c| of ............. or fe|||n h|m/hcr
.......................... of ............................ |n |hc ||s|r|c| of
.......................es my/our proxy |o vo|c for mc/us on my/our cche|f e| |hc 37
|h
/nnue| Gcncre| mcc||n of |hc
Compeny |o cc hc|o on ucsoey, Scp|cmccr 17, 2O13 eno e| eny eoournmcn|s |hcrcof.
S|nco |h|s .............. oey of ......... 2O13.
S|ne|urc
h|s form |s |o cc usco |n fevour of rcso|u||on,s) no........................ eno ee|ns| rcso|u||on ,s) no......................... 0n|css o|hcrv|sc |ns|ruc|co, |hc |roxy v|||
ec| es hc |h|n|s n|.
|o|cs:
e) hc form shou|o cc s|nco ecross |hc s|emp es pcr spcc|mcn s|ne|urc rc|s|crco v||h |ervy Compu|crshercs |r|ve|c ||m||co, |c|s|rer & rensfcr /cn|/
|cpos||ory |er||c|pen|.
c) hc form shou|o cc ocpos||co e| |hc |c|s|crco Ofncc of |hc Compeny no| |css |hen for|y-c|h| hours ccforc |hc ||mc for ho|o|n |hc Vcc||n.
/fnx Onc
|upcc
|cvcnuc
S|emp

Golden Peacock Global Award for Excellence in Corporate
Governance for the year 2012 was received by Shri A.K.Jha,
Director (Technical) on behalf of NTPC from Rt Hon Eric
Pickles MP, Secretary of State for Communities and Local
Govt. UK in the presence of Mr. Ola Ullsten, former Prime
Minister of Sweden and Lt Gen J S Ahluwalia, PVSM (retd),
President, Institute of Directors, India.
NTPC Limited, Indias largest power utility being awarded
Pride of India award for its leadership and contribution to
the power sector. Award was received by Shri I.J. Kapoor,
Director (Commercial), NTPC from Honble Union Minister
of Oil and Natural Gas, Shri M. Veerappa Moily.
Indira Gandhi Rajbhasha Award being given to
Dr. Arup Roy Choudhury, CMD, NTPC for its journal Vidyut
Swar by the President of India Shri Pranab Mukherjee in
the presence of Shri Sushilkumar Shinde, Honble Union
Home Minister.
Shri N.N. Misra, Director (Operations) NTPC being given
the top honor by Smt. Jayanti Natrajan, Honble Union
Minister of Environment and Forest for climate change
initiatives at the Earth Care Award 2012 in NewDelhi.
CMD and Directors at the Analysts & Investors Meet at Mumbai on 1
st
August 2013
NTPC Bhawan, SCOPE Complex, 7, Institutional Area, Lodhi Road, New Delhi - 110003
www.ntpc.co.in
A Maharatna Company

NTPC Ar 2012 13

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