NTPC Annual Report 2010-2011

Description
The report for the financial year 2010 - 2011 of NTPC.

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Annual Report 2010-2011 1
CORPORATE OBJECTIVES
To realise the vision and mission, eight key corporate objectives have been identi?ed. These objectives would provide the
link between the de?ned mission and the functional strategies:
Business portfolio growth
º ¹o fur|hcr conso||oe|c |¹|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 sc¸mcn|.
º ¹o croeo cesc |hc ¸cncre||on m|x cy cve|ue||n¸ convcn||one|
eno non-convcn||one| sourccs of cncr¸y |o cnsurc |on¸ run
compc||||vcncss eno m|||¸e|c fuc| r|s|s.
º ¹o o|vcrs|fy ecross |hc povcr ve|uc che|n |n lno|e cy
cons|ocr|n¸ cec|vero eno forvero |n|c¸re||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 ¹o ocvc|op e por|fo||o of ¸cncre||on essc|s |n |n|crne||one|
mer|c|s.
º ¹o cs|ec||sh e s|ron¸ scrv|ccs creno |n |hc oomcs||c eno
|n|crne||one| mer|c|s.
Customer Focus
º ¹o 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 ¹o 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¸, cncr¸y consu|||n¸, o|s|r|cu||on consu|||n¸,
mene¸cmcn| prec||ccs.
º ¹o cxpeno |hc fu|urc cus|omcr por|fo||o |hrou¸h 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 ¹o 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 ¹o cnsurc cffcc||vcncss |n cus|ncss occ|s|ons eno
rcspons|vcncss |o chen¸cs |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 ¹o ocvc|op e |cern|n¸ or¸en|se||on hev|n¸ |nov|co¸c-cesco
compc||||vc co¸c |n currcn| eno fu|urc cus|ncsscs.
º ¹o cffcc||vc|y |cvcre¸c lnforme||on ¹cchno|o¸y |o cnsurc
spccoy occ|s|on me||n¸ ecross |hc or¸en|se||on.
Performance Leadership
º ¹o con||nuous|y |mprovc on pro¦cc| cxccu||on ||mc eno cos|
|n orocr |o sus|e|n |on¸ run compc||||vcncss |n ¸cncre||on.
º ¹o opcre|c & me|n|e|n |¹|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 ¹o cffcc||vc|y |cvcre¸c lnforme||on ¹cchno|o¸y |o or|vc
proccss cfnc|cnc|cs.
- ¹o e|m for pcrformencc cxcc||cncc |n |hc o|vcrs|nce||on
cus|ncsscs.
- ¹o cmcco que|||y |n e|| sys|cms eno proccsscs.
Human Resource Development
º ¹o cnhencc or¸en|se||one| pcrformencc cy |ns|||u||one||s|n¸
en oc¦cc||vc eno opcn pcrformencc mene¸cmcn| sys|cm.
º ¹o e||¸n |no|v|oue| eno or¸en|se||one| nccos eno ocvc|op
cus|ncss |ceocrs cy |mp|cmcn||n¸ e cerccr ocvc|opmcn|
sys|cm.
º ¹o cnhencc comm||mcn| of cmp|oyccs cy rcco¸n|s|n¸ eno
rcvero|n¸ h|¸h pcrformencc.
º ¹o cu||o eno sus|e|n e |cern|n¸ or¸en|se||on of compc|cn|
vor|o-c|ess profcss|one|s.
º ¹o |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 oc¦cc||vcs.
Financial Soundness
º ¹o me|n|e|n eno |mprovc |hc nnenc|e| sounoncss of |¹|C cy
pruocn| mene¸cmcn| of |hc nnenc|e| rcsourccs.
º ¹o con||nuous|y s|r|vc |o rcoucc |hc cos| of cep||e| |hrou¸h
pruocn| mene¸cmcn| of ocp|oyco funos, |cvcre¸|n¸
oppor|un|||cs |n oomcs||c eno |n|crne||one| nnenc|e|
mer|c|s.
º ¹o 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 ¹o 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 ¹o con|r|cu|c |o sus|e|nec|c povcr ocvc|opmcn| cy
o|scher¸|n¸ corpore|c soc|e| rcspons|c|||||cs.
º ¹o |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 cncr¸y
conscrve||on prec||ccs.
º ¹o |ceo ocvc|opmcn|e| cffor|s |n |hc lno|en povcr scc|or
|hrou¸h 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
mene¸cmcn| of povcr p|en|s c|c.
Research and Development
º ¹o 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 ¹o cerry ou| rcscerch eno ocvc|opmcn| of crce||hrou¸h
|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 ¹o 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 |hrou¸h propr|c|ery
|cchno|o¸|cs.
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Annual Report 2010-2011 2
REFERENCE INFORMATION
Registered Of?ce Bankers
|¹|C bheven, SCO|| Comp|cx ,
7, lns|||u||one| /rce, |oo| |oeo,
|cv |c|h| ÷ 11O OO3
/||eheceo ben|
/nohre ben|
ben| of berooe
|honc |o. : O11-243o O1OO ben| of lno|e
|ex |o. : O11-243o 1O18 Cenere ben|
\cc s||c : vvv.n|pc.co.|n Ccn|re| ben| of lno|e
C||| ben|, |/
Subsidiaries |cne ben|
|¹|C ||cc|r|c Supp|y Compeny ||o. lno|en Ovcrsces ben|
|¹|C |yoro ||o. lClCl ben| ||o.
|¹|C v|oyu| vyeper ||¸em ||o. l|bl ben| ||o.
|en|| b|¦|cc 0|peoen ||¸em ||o. !emmu & |eshm|r ben| ||o.
bher||ye |e|| b|¦|cc Compeny ||o. Or|cn|e| ben| of Commcrcc
|un¦ec |e||one| ben|
Registrar & Share Transfer Agent |un¦ec & S|no ben|
|ervy Compu|crsherc |v|. ||o. S|e|c ben| of b||encr & !e|pur
17-24, v|||e| |eo |e¸er S|e|c ben| of Vysorc
Veohepur S|e|c ben| of |yocreceo
|yocreceo ÷ 5OO O81 S|e|c ben| of lno|e
|honc |o. : O4O-2342 O815-28 S|e|c ben| of |e||e|e
|ex |o. : O4O-2342 O814 S|e|c ben| of ¹revencorc
|- Ve|| ÷ lo : me||mene¸cr©|ervy.com 0CO ben|
0n|on ben| of lno|e
Shares listed at 0n||co ben| of lno|e
|e||one| S|oc| |xchen¸c of lno|e ||m||co v|¦eye ben|
bomcey S|oc| |xchen¸c ||m||co
Depositories Auditors
|e||one| Sccur|||cs |cpos||ory ||m||co V/s |ess Gup|e & /ssoc|e|cs
Ccn|re| |cpos||ory Scrv|ccs ,lno|e) ||m||co V/s |. |. Son| & Co.
V/s verme & verme
Company Secretary V/s |ere|h & Co.
/. |. |es|o¸| V/s b.C. !e|n & Co.
V/s S.|. Vch|e & Co.
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Annual Report 2010-2011 3
CONTENTS
• Letter to Shareholders ................................................................................................................................................. 5
• Notice of AGM ............................................................................................................................................................ 7
• Achievements & Accolades ..................................................................................................................................... 12
• Station-wise Generation ............................................................................................................................................. 14
• Selected Financial Information .................................................................................................................................. 16
• Directors’ Pro?le ........................................................................................................................................................ 17
• Senior Management Team ......................................................................................................................................... 22
• Directors’ Report ....................................................................................................................................................... 23
• Management Discussion and Analysis ...................................................................................................................... 42
• Report on Corporate Governance ............................................................................................................................. 73
• Accounting Policies ................................................................................................................................................ 106
• Balance Sheet .......................................................................................................................................................... 110
• Pro?t & Loss Account .............................................................................................................................................. 111
• Cash Flow Statement ............................................................................................................................................... 112
• Auditors’ Report ...................................................................................................................................................... 147
• Comments of the Comptroller and Auditor General of India .................................................................................. 150
• Employee Cost Summary ........................................................................................................................................ 151
• Revenue Expenditure on Social Overheads ........................................................................................................... 151
• Subsidiary Companies ............................................................................................................................................ 152
• Consolidated Financial Statements ......................................................................................................................... 199
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Annual Report 2010-2011 4
THE YEAR AT A GLANCE
2010-11 2009-10
Gross Gcncre||on V||||on 0n||s 22O53o 21884O
Commcrc|e| Gcncre||on " 22O379 218439
|ncr¸y scn| ou| " 2Oo582 2O5O91
Se|c of |ncr¸y ` crorc 547O5 4o1o9
|ron| ccforc |ex " 12O5O 1O885
|ron| ef|cr |ex " 91O3 8728
||v|ocno* " 3133 3133
||v|ocno |ex " 515 528
|c|e|nco |ron| " 5455 5Oo7
|c| ||xco /ssc|s " 3923o 347o1
|c| \or|h " o7892 o2437
|oen |unos " 43188 37797
Cep||e| |mp|oyco " 71375 o9573
|c| Cesh |rom Opcre||ons " 11O95 1Oo11
ve|uc /ooco " 1914O 17331
|o. of |mp|oyccs
#
|umccr 23797 23743
ve|uc eooco pcr cmp|oycc ` crorc O.8O O.73
|cc| |o |qu||y |e||o 4 1
|cc| Scrv|cc Covcre¸c |e||on ,|SC|) ¹|mcs 2.57 3.92
ln|crcs| Scrv|cc Covcre¸c |e||on ,lSC|) ¹|mcs 11.42 13.o4
|c|urn on Cep||e| |mp|oyco % 14.3O 13.97
|ecc ve|uc |cr Sherc ` 1O.OO 1O.OO
||v|ocno |cr Sherc " 3.8O* 3.8O
boo| ve|uc |cr Sherc " 82.34 75.72
|ern|n¸s |cr Sherc " 11.O4 1O.59
# cxc|uo|n¸ !vs eno Sucs|o|er|cs
*|nc|uo|n¸ nne| o|v|ocno rccommcnoco cy |hc boero
Growth in Sales
Sales of Energy in ` billion Electricity sold in billion units
2006-07
520
470
420
370
320
325
177
188
369
194
205
207
462
175
195
215
235
255
275
295
547
C
A
G
R
1
5
.4
6
%
418
2007-08 2008-09 2009-10 2010-11
C
A
G
R
9
.4
%
Pro?t after Tax
2006-07
0
1000
2000
3000
4000
5000
6000
7000
8000
6,864.72
7,414.81
8,201.30
8,728.20
9,102.59
9000
10000
2007-08 2008-09 2009-10 2010-11
`

C
r
o
r
e
Year
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Annual Report 2010-2011 5
LETTER TO SHAREHOLDERS
|cer fc||ov shercovncr of |¹|C,
/ou v||| cc cx|rcmc|y heppy |o no|c |he| |n |/11 your Compeny hes oc||vcrco |hc s|ron¸cs|
rcsu||s |n pro¦cc| cxccu||on cy eoo|n¸ 2,490 MW cepec||y, |nc|uo|n¸ 5OO V\ |hrou¸h e !o|n|
vcn|urc, me||n¸ || the best year in NTPC’s history |n |crms of cepec||y eoo|||on. \||h e |er¸c|
of 4,32O V\ for |/12, your Compeny |s ¸o|n¸ |o cn|cr |n|o en e||o¸c|hcr o|ffcrcn| |ce¸uc |n |crms
of annual capacity addition.
/our Compeny |s e s|ron¸ vor|o c|ess cn|crpr|sc eno vc erc e|| prouo |o cc per| of ||. l| hes cccn
¸|vcn |hc cxe||co ‘Maharatna’ s|e|us, cmpovcr|n¸ || fur|hcr |o cxpeno ||s opcre||ons |n |hc
oomcs||c eno ¸|oce| mer|c|s. l|s souno Corpore|c Govcrnencc prec||ccs meoc |¹|C |hc ?rst
Company to exercise the Maharatna powers.
/our Compeny's prc-cm|ncn| s|e|urc hes cccn v|no|ce|co cy ||s cc|n¸ ren|co |o. 1 lnocpcnocn| |ovcr |roouccr |n /s|e
eno |o. 2 |n |hc vor|o cy ||e||s, e per| of |hc prcs||¸|ous VcGrev |||| Group, |n ||s |op 25O ¸|oce| cncr¸y compen|cs'
ren||n¸s.
ln |/11 your Compeny's |o|e| |ncomc |ncrcesco cy 17% |o ` 57,399 Crorc, vh||c |/¹ hes |ncrcesco cy 4% |o ` 9,1O3
Crorc. |or O1 of |/12, your Compeny's |o|e| |ncomc hes |ncrcesco cy 12.22% |o ` 15,1o8 Crorc vh||c |/¹ hes |ncrcesco
cy 12.7% |o ` 2,O7o Crorc.
/our Compeny's operational performance hes oncc e¸e|n cccn world class v||h ||s coe| cesco s|e||ons opcre||n¸ e|
||en| |oeo |ec|or ,|||) of 88.29% ,|e||one| ||| 75.O7%) eno evcre¸c /ve||ec||||y |ec|or of 91.o7% our|n¸ |/11. Seven
NTPC Stations ?gured among the top ten Stations in the country in terms of PLF. ||| of morc |hen 9O% ves
ech|cvco cy 1O ou| of 15 s|e||ons v||h 3 of |hcm ech|cv|n¸ ||| ecovc 95%. /our Compeny hes cccn focus|n¸ on
continuous improvement in generation ef?ciency and maintaining a high standard of performance.
/our Compeny's effective customer relationship management, |nc|uo|n¸ |nccn||vcs for promp| peymcn|s, hes rcsu||co
|n 1OO% rce||ze||on of ||s c|||s for c|¸h| consccu||vc ycers.
\||h 34,854 V\, your Compeny |s |hc |er¸cs| c|cc|r|c||y ¸cncre|or eno |hc |er¸cs| consumcr of coe| |n |hc coun|ry. l| |s
mov|n¸ ehceo v||h sound strategies for capacity addition and fuel security. Currcn||y e |o|e| of 14,O88 V\ |s unocr
cons|ruc||on, |nc|uo|n¸ 3,89O V\ |n !o|n| vcn|urcs. \c erc |er¸c||n¸ |o p|ecc orocrs for 13,14O V\ cepec||y |hrou¸h cu||
|cnocrs for un||s of ooO V\ eno 8OO V\ s|zcs |n |hc ncer fu|urc.
by s|¸n|n¸ |ovcr |urchesc /¸rccmcn|s for 49,OOO V\ cepec||y v||h |hc s|e|c u||||||cs, your Compeny hes succccoco |n
ensuring sale of the power generated from |hc cepec||y |o cc ocvc|opco cy || |n |hc fu|urc.
¹overos ensuring fuel supply for the new projects, your Compeny sccurco coe| ||n|e¸c for ¸cncre||on cepec||y of
1O,92O V\ our|n¸ |/12, ||co up coe| supp|y for |/12 rcqu|rcmcn|s, cn|crco |n|o e¸rccmcn| v||h S¹C for supp|y of 12
VV¹ |mpor|co coe| eno eppo|n|co V|nc |cvc|opcr Cum Opcre|or ,V|O) for |e|r| berveo|h coe| c|oc| vh|ch hes e
cepec||y of 15 V¹|/. /our Compeny hes |e|cn s|cps |o ocvc|op ||s coe| m|ncs v||h |o|e| m|ncec|c rcscrvcs of 1.8 c||||on
|onncs.
/our Compeny hes cn|crco |/12 v||h en epprovco ou||ey for cep||e| schcmcs of ` 2o,4OO crorc vh|ch |s 18% h|¸hcr ovcr
|hc Cepcx for |/11. We aim at reducing cost while driving growth.
Disciplined capital expenditure and prudent resource mobilization strategies hevc cccn ec|o|n¸ fce|urcs of our
mene¸cmcn| of nnencc. /ou v||| cc ¸|eo |o |nov |he| lno|e's c|¸¸cs| commcrc|e| cen|, Sbl, hes cx|cnoco ||s largest ever
loan to any company in India or abroad cy s|¸n|n¸ e |oen e¸rccmcn| of ` 1O,OOO crorc v||h |¹|C |n !u|y 2O11. /|so,
your Compeny re|sco 0S $ 5OO m||||on from |hc |n|crne||one| cono mer|c| v||h ||s |ssuc ¸c|||n¸ ovcr sucscr|cco cy 5.5
||mcs. ¹h|s s|ron¸|y unocr||ncs |hc con?dence of the investor community in the robust business fundamentals of
NTPC.
Environmental concern underpins our growth strategy as we strive for a low carbon future. Our epproech |nc|uocs
|ncrces|n¸ cyc|c cfnc|cncy of foss|| fuc| cesco un||s, |ncrces|n¸ |hc sherc of non-foss|| fuc| cesco ¸cncre||on eno rcscerch
|n CO
2
nxe||on |cchno|o¸|cs. Our investment in technology is directly linked to creating value for our shareholders
35
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Annual Report 2010-2011 o
and society. \||h comm|ss|on|n¸ of ooO V\ supcrcr|||ce| un|| e| S|pe|, your Compeny hes ech|cvco e ncv h|¸h |n
mech|nc cfnc|cncy eno e me¦or |cchno|o¸|ce| m||cs|onc |overos Sus|e|nec|c |ncr¸y |cvc|opmcn|. ¹h|s |s |hc nrs| |n a
series of super critical units of 660 MW and 800 MW size. |ur|hcr, your Compeny |s cn¸e¸co |n ocvc|opmcn| of
Advanced Ultra Super Critical technology unocr |e||one| V|ss|on on C|cen Coe| ,Cercon) ¹cchno|o¸|cs. ¹h|s |cchno|o¸y
vou|o hevc cyc|c cfnc|cncy |n |hc ren¸c of 45-47% rcsu|||n¸ |n 15.77% |csscr CO
2
cm|ss|on comperco |o convcn||one|
suc cr|||ce| p|en|s. ¹hrou¸h ||s cffor|s ovcr |hc ycers, your Compeny hes evo|oco morc |hen 3O m||||on |ons of CO
2
.
|¹|C |s ec||vc|y cn¸e¸co |n |hc Asia Paci?c Partnership to combat CO
2
emissions eno |s |hc Coun|ry Cooro|ne|or for
|hc povcr ¸cncre||on eno |rensm|ss|on |es| forcc. /our Compeny |s |ccn|y pursu|n¸ e commcrc|e| sce|c |n|c¸re|co
¸es|nce||on comc|nco cyc|c ,IGCC) |cchno|o¸y ocmons|re||on pro¦cc| su||ec|c for |hc h|¸h esh lno|en coe|.
¹overos making ?rm global footprints, your Compeny hes nne||zco en e¸rccmcn| v||h Ccy|on ||cc|r|c||y boero ,C|b)
eno ¹hc Govcrnmcn| of Sr| |en|e for |mp|cmcn|e||on of 2×25O V\ |mpor|co coe| cesco povcr pro¦cc| |n Sr| |en|e
|hrou¸h e 5O:5O !o|n| vcn|urc v||h C|b. /our Compeny |s e|so cxp|or|n¸ |hc poss|c||||y of sc|||n¸ up e 2×ooO V\ |mpor|co
coe| cesco povcr pro¦cc| |n ben¸|eocsh |hrou¸h e 5O:5O !o|n| vcn|urc v||h ben¸|eocsh |ovcr |cvc|opmcn| boero. ¹hc
!v e¸rccmcn| hes cccn nne||zco.
/our Compeny's |reo|n¸ erm, |¹|C v|oyu| vyeper ||¸em ||o., ,|vv|) |s |hc nodal agency for implementation of the
?rst phase of Jawahar Lal Nehru National Solar Mission. |vv| hes s|¸nco |ovcr |urchesc /¸rccmcn|s for ecou| 7OO
V\. ¹hc nrs| sc| of so|er pro¦cc|s unocr |hc m|ss|on erc |||c|y |o ¸c| comm|ss|onco cy Oc|occr 2O11. ¹h|s |s e rcmer|ec|c
con|r|cu||on |o |hc |e||one| So|er V|ss|on.
/our Compeny |s ¸o|n¸ |o crce|c o|s|r|cu||on nc|vor|s v||h|n 5 |m reo|us of ||s povcr s|e||ons v||h en oc¦cc||vc of
me||n¸ rc||ec|c povcr supp|y eve||ec|c |o |hc nc|¸hcourhooo v|||e¸cs.
Con|r|cu||n¸ sucs|en||e||y |o |hc ne||one| ou|y of rcech|n¸ povcr |o e||, spcc|e||y |o |hc rure| eno unocrpr|v||c¸co
popu|e||on, your Compeny hes prov|oco c|cc|r|c||y conncc||ons |o morc |hen 24 |e|h bc|ov |ovcr|y ||nc ,b||) houscho|os
eno hes comp|c|co c|cc|r|nce||on of ovcr 14,5OO v|||e¸cs unocr |hc |e¦|v Genoh| Grem|n v|oyu|||eren /o¦ene ,|GGv/).
Our sucs|en||e| soc|e| |nvcs|mcn| |s cesco on our s|ron¸ cc||cf |he| our succcss es e cus|ncss |s ||co o|rcc||y v||h |hc
socio-economic vitality and health of the communities around our business units. \c ve|uc |hc per|ncrsh|ps vc
cu||o v||h |hc commun|||cs erouno our un||s. For us CSR is Corporate Social Relationship.
/our Compeny hes onc of |hc nncs| |cems of povcr profcss|one|s |n |hc vor|o vho erc comm|||co |o mcc| your
cxpcc|e||ons. ¹hc|r or¸en|ze||one| pr|oc hes cccn |ns|rumcn|e| |n NTPC often being the only PSU to be consistently
ranked among the best employers in prestigious surveys.
|oo||n¸ ehceo, vc cc||cvc |he| e ¸rov|n¸ popu|e||on, r|s|n¸ urcen|ze||on eno ||v|n¸ s|enoeros eno e rocus| ou||oo| for
cconom|c ¸rov|h v||| ocnn||c|y |ncrcesc |hc ocmeno for povcr.
¹hc povcr p|eycrs v||| cc cn¸e¸co |n rep|o|y |ncrces|n¸ |cvc| of pcr cep||e povcr consump||on |n lno|e from en ecysme|
73O un||s |o e| |ces| 2,7OO un||s, vh|ch |s |hc vor|o evcre¸c. /s c|cc|r|c||y or|vcs cconom|c ¸rov|h, |hc coun|ry v||| ncco
778 G\ - 9oO G\ of povcr ¸cncre||on cepec||y cy 2O32 for cs||me|co G|| ¸rov|h cc|vccn 8-9%.
\c hevc |hc s|zc, rcsourccs, cxpcr||sc eno rcs|||cncc |o s|ey ehceo of compc||||on eno scrvc |hc ne||one| oc¦cc||vc. /s
|hc lno|en cconomy ¸rovs c|¸¸cr eno s|ron¸cr ,|n|crm|||cn| che||cn¸cs no|v||hs|eno|n¸), the role of power sector and
NTPC will also grow larger and more rewarding.
l| |s my comm||mcn| |o you |s |he| my |cem v||| vor| ||rc|css|y |o pursuc your Compeny's v|s|on of cccom|n¸ |hc vor|o's
|er¸cs| eno ccs| povcr proouccr, povcr|n¸ lno|e's ¸rov|h.
l |e|c |h|s oppor|un||y |o convcy my profouno |hen|fu|ncss |o |hc Govcrnmcn| of lno|e, |hc S|e|c Govcrnmcn|s, e|| our
cus|omcr u||||||cs eno e|| |hc eu|hor|||cs eno e¸cnc|cs vho hevc s|ooo cy your Compeny |n ||s qucs| |o mex|m|zc ve|uc for
e|| s|e|cho|ocrs.
/our s|nccrc|y,
,/|0| |O/ C|O0||0|/)
Che|rmen & Vene¸|n¸ ||rcc|or
35
th
Annual Report 2010-2011 7
NOTICE
|O¹lC| |s hcrccy ¸|vcn |he| Thirty Fifth Annual General Meeting of |hc Vcmccrs of NTPC Limited v||| cc hc|o on Tuesday,
September 20, 2011 at 10.30 a.m. e| /|r |orcc /uo||or|um, Sucro|o |er|, |cv |c|h| ÷ 11O O1O, |o |rensec| |hc fo||ov|n¸ cus|ncss:
ORDINARY BUSINESS
1. ¹o rccc|vc, cons|ocr eno eoop| |hc euo||co be|encc Shcc| es e| Verch 31, 2O11 eno |ron| & |oss /ccoun| for |hc nnenc|e| ycer
cnoco on |he| oe|c |o¸c|hcr v||h |cpor| of |hc boero of ||rcc|ors eno /uo||ors' |hcrcon.
2. ¹o connrm peymcn| of |n|cr|m o|v|ocno eno occ|erc nne| o|v|ocno for |hc ycer 2O1O-11.
3. ¹o eppo|n| e ||rcc|or |n p|ecc of Shr| l.!. |epoor, vho rc||rcs cy ro|e||on eno cc|n¸ c||¸|c|c, offcrs h|msc|f for rc-eppo|n|mcn|.
4. ¹o eppo|n| e ||rcc|or |n p|ecc of Shr| /.|. Senve||e, vho rc||rcs cy ro|e||on eno cc|n¸ c||¸|c|c, offcrs h|msc|f for rc-
eppo|n|mcn|.
5. ¹o eppo|n| e ||rcc|or |n p|ecc of Shr| |enve| |e|h, vho rc||rcs cy ro|e||on eno cc|n¸ c||¸|c|c, offcrs h|msc|f for rc-eppo|n|mcn|.
o. ¹o eppo|n| e ||rcc|or |n p|ecc of Shr| /ocsh C. !e|n, vho rc||rcs cy ro|e||on eno cc|n¸ c||¸|c|c, offcrs h|msc|f for rc-eppo|n|mcn|.
7. ¹o nx |hc rcmuncre||on of |hc /uo||ors.
SPECIAL BUSINESS
8. ¹o cons|ocr eno |f |hou¸h| n|, |o pess v||h or v||hou| moo|nce||on,s), |hc fo||ov|n¸ rcso|u||on es en O||l|/|/ ||SO|0¹lO|:
¨|cso|vco |he| Shr| /rup |oy Chouohury, vho ves eppo|n|co es en /oo|||one| ||rcc|or of |hc Compeny cy |hc |rcs|ocn| of lno|e
v|oc |c||cr no. 8/4/2OO9-¹h-l,CV|) oe|co 28.O7.2O1O v.c.f. O1.O9.2O1O |||| |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. 24.O9.2O1O, 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 |hc Che|rmen & Vene¸|n¸ ||rcc|or of |hc Compeny.'
9. ¹o cons|ocr eno |f |hou¸h| n|, |o pess v||h or v||hou| moo|nce||on,s), |hc fo||ov|n¸ rcso|u||on es en O||l|/|/ ||SO|0¹lO|:
¨|cso|vco |he| Shr| S.|. S|n¸h, vho ves eppo|n|co es en /oo|||one| ||rcc|or of |hc Compeny v.c.f. 1o.1O.2O1O, unocr Scc||on 2oO
of |hc Compen|cs /c|, 195o, cy |hc |rcs|ocn| of lno|e v|oc |c||cr no. 8/3/2OO9-¹|.l _|||, oe|co 1o.1O.2O1O 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 |hc ||rcc|or ,|umen |csourccs) of |hc Compeny, ||ec|c |o rc||rc cy ro|e||on.'
1O. ¹o cons|ocr eno |f |hou¸h| n|, |o pess v||h or v||hou| moo|nce||on,s), |hc fo||ov|n¸ rcso|u||on es en O||l|/|/ ||SO|0¹lO|:
¨|cso|vco |he| Shr| |.|. V|sre, vho ves eppo|n|co es en /oo|||one| ||rcc|or of |hc Compeny v.c.f. 19.1O.2O1O, unocr Scc||on
2oO of |hc Compen|cs /c|, 195o, cy |hc |rcs|ocn| of lno|e v|oc |c||cr no. 8/5/2OO9-¹|.l _|O, oe|co 19.1O.2O1O 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 |hc ||rcc|or ,Opcre||ons) of |hc Compeny, ||ec|c |o rc||rc cy ro|e||on.'
by orocr of |hc boero of ||rcc|ors
(A.K. Rastogi)
Compeny Sccrc|ery
Regd. Of?ce:
|¹|C bheven, Scopc Comp|cx,
7 lns|||u||one| /rce, |oo| |oeo, |cv |c|h|-11OOO3
|e|c: /u¸us| O4, 2O11
35
th
Annual Report 2010-2011 8
NOTES:-
1. ¹hc 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|ncss, es sc|
ou| ecovc |s enncxco hcrc|o.
2. 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| |xchen¸cs |s enncxco hcrc|o eno forms per| of |hc |o||cc.
3. 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.
4. 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 cxchen¸co v||h |hc e||cnoencc s||p.
|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¸.
5. ¹hc V|n|s|ry of Corpore|c /ffe|rs hes |e|cn e ¨Grccn ln|||e||vc |n |hc Corpore|c Govcrnencc' cy e||ov|n¸ pepcr|css comp||enccs
cy |hc compen|cs eno hes |ssuco c|rcu|ers s|e||n¸ |he| scrv|cc of no||cc/ oocumcn|s |nc|uo|n¸ /nnue| |cpor|s cen cc scn| cy
c-me|| |o ||s mcmccrs. ¹o suppor| |h|s ¸rccn |n|||e||vc of |hc Govcrnmcn| |n fu|| mcesurc, mcmccrs vho hevc no| rc¸|s|crco |hc|r
c-me|| eoorcsscs, so fer, erc rcqucs|co |o rc¸|s|cr |hc|r c-me|| eoorcsscs, |n rcspcc| of c|cc|ron|c ho|o|n¸s v||h |hc |cpos||ory
|hrou¸h |hc|r conccrnco |cpos||ory |er||c|pen|s. Vcmccrs vho ho|o shercs |n phys|ce| form erc rcqucs|co |o ¸c| |hc|r c-me||
eoorcsscs rc¸|s|crco v||h |ervy Compu|crsherc |r|ve|c ||m||co, |¹/ of |hc Compeny.
o. ¹hc boero of ||rcc|ors, |n ||s mcc||n¸ hc|o on !enuery 31, 2O11, heo occ|erco en |n|cr|m o|v|ocno © 3O% ,` 3.OO pcr sherc) on
|hc pe|o-up cqu||y sherc cep||e| of |hc compeny vh|ch ves pe|o on |ccruery 14, 2O11. Vcmccrs vho hevc no| rccc|vco or no|
cnceshco |hc|r o|v|ocno verren|s mey epproech |ervy Compu|crsherc |r|ve|c ||m||co, |c¸|s|rer & Sherc ¹rensfcr /¸cn| of |hc
Compeny, for rcve||oe||n¸ |hc verren|s or for oc|e|n|n¸ oup||ce|c verren|s.
7. ¹hc |c¸|s|cr of Vcmccrs eno Sherc ¹rensfcr boo|s of |hc Compeny v||| rcme|n c|osco from Scp|cmccr 1O, 2O11 |o Scp|cmccr
2O, 2O11 ,co|h oeys |nc|us|vc). ¹hc boero of ||rcc|ors, |n ||s Vcc||n¸ hc|o on Vey 1O, 2O11, hes rccommcnoco e nne| o|v|ocno
© 8% ,` O.8O pcr sherc) on |hc pe|o-up cqu||y sherc cep||e| of |hc compeny. ¹hc nne| o|v|ocno, suc¦cc| |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 2o, 2O11 |o |hc
Vcmccrs or |hc|r menoe|cs vhosc nemcs eppcer on |hc Compeny's |c¸|s|cr of Vcmccrs on Scp|cmccr 2O, 2O11 |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 9, 2O11.
8. |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 of |hc Ccn|re|
Govcrnmcn|. /f|cr such |rensfcr, |hcrc rcme|ns no c|e|m of |hc mcmccrs vhe|socvcr on |hc se|o emoun|. ¹hcrcforc, Vcmccrs erc
eov|sco |o cncesh |hc|r ||v|ocno verren|s |mmco|e|c|y on rccc|p|.
9. 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. ¹hosc ho|o|n¸ shercs |n phys|ce| form mey oc|e|n eno scno |hc |CS menoe|c form |o |ervy Compu|crsherc |r|ve|c
||m||co, |c¸|s|rer & Sherc ¹rensfcr /¸cn| ,|¹/) of |hc Compeny. ¹hosc ho|o|n¸ shercs |n ||cc|ron|c |orm mey oc|e|n eno scno |hc
|CS menoe|c form o|rcc||y |o |hc|r |cpos||ory |er||c|pen| ,||). ¹hosc vho hevc e|rceoy furn|shco |hc |CS Venoe|c |orm |o |hc
Compeny/ |¹/ /|| v||h comp|c|c oc|e||s ncco no| scno || e¸e|n.
¹hc 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 |ervy Compu|crsherc |r|ve|c ||m||co, |¹/ of |hc Compeny |o cnec|c |hcm |o pr|n| |hcsc oc|e||s on |hc o|v|ocno
verren|s.
1O. 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 |¹/
e|on¸v||h rc|cven| Sherc Ccr||nce|cs.
35
th
Annual Report 2010-2011 9
11. S|bl hes meoc || menoe|ory for |hc |rensfcrcc,s) |o furn|sh e copy of |/| cero |o |hc Compeny/|¹/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 / |¹/.
12. Vcmccrs 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. |orm-2b |s |o cc sucm|||co |n oup||ce|c |o |ervy Compu|crsherc
|r|ve|c ||m||co, |¹/ of |hc Compeny. ln cesc of shercs hc|o |n ocme|cr|e||zco form, |hc nom|ne||on hes |o cc |oo¸co v||h |hc
rcspcc||vc |cpos||ory |er||c|pen|.
13. 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¸.
14. Vcmccrs erc rcqucs|co |o no||fy |mmco|e|c|y eny chen¸c of eoorcss:
|. |o |hc|r |cpos||ory |er||c|pen|s ,||) |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 |¹/, |ervy Compu|crsherc |v|. ||o. |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| |. S|ve|umer, || ,||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 2O11-2O12 hes cccn pe|o |o e|| S|oc| |xchen¸cs vhcrc|n shercs of |hc Compeny erc ||s|co.
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. ¹hc Vcmccrs of |hc Compeny |n |hc 34
|h
/nnue| Gcncre| Vcc||n¸
hc|o on Scp|cmccr 23, 2O1O eu|hor|sco |hc boero of ||rcc|ors |o nx |hc rcmuncre||on of S|e|u|ory /uo||ors for |hc ycer 2O1O-
2O11. /ccoro|n¸|y, |hc boero of ||rcc|ors hes nxco euo|| fcc of ` 8O,OO,OOO/- for |hc S|e|u|ory /uo||ors for |hc nnenc|e| ycer
2O1O-2O11 |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. C&/G |s yc| |o eppo|n| |hc S|e|u|ory /uo||ors of |hc Compeny for |hc ycer 2O11-2O12. /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.
18. |onc of |hc ||rcc|ors of |hc Compeny |s |n eny vey rc|e|co v||h cech o|hcr cxccp| |he| Shr| Shen|| |ere|n, lnocpcnocn| ||rcc|or
|s bro|hcr-|n-|ev |o Shr| |enve| |e|h, lnocpcnocn| ||rcc|or on |hc boero of |¹|C ||m||co.
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
Shr| /rup |oy Chouohury, ves eppo|n|co es en /oo|||one| ||rcc|or on |hc boero of |¹|C, v.c.f O1.O9.2O1O cy |hc |rcs|ocn| of lno|e
v|oc |o||nce||on |o. 8/4/2OO9-¹h-l ,CV|) oe|co 28.O7.2O1O |ssuco cy V|n|s|ry of |ovcr. |ovcvcr, ccforc h|s eppo|n|mcn|, |hc
|o||cc of 34
|h
/GV schcou|co for 23.O9.2O1O ves e|rceoy pr|n|co eno ves unocr o|spe|ch, |hcrcforc, h|s |cnurc es /oo|||one| ||rcc|or
cxp|rco on 23.O9.2O1O. ¹hc eppo|n|mcn| of Shr| /rup |oy Chouohury ves fur|hcr rcncvco cy |hc boero, es en /oo|||one| ||rcc|or
v.c.f. 24.O9.2O1O, |||| |hc conc|us|on of |h|s /nnue| Gcncre| Vcc||n¸.
¹hc 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| /rup |oy Chouohury for |hc ofncc of Che|rmen & Vene¸|n¸ ||rcc|or.
Shr| /rup |oy Chouohury, e¸co 54 ycers, hes en |||us|r|ous cerccr spenn|n¸ ovcr 32 ycers of ou|s|eno|n¸ con|r|cu||on |n |hc nc|os of
cn¸|nccr|n¸, ¸cncre| mene¸cmcn|, s|re|c¸|c mene¸cmcn| eno cus|ncss |ceocrsh|p. |c |s e Greoue|c |n C|v|| |n¸|nccr|n¸ from b|r|e
lns|||u|c of ¹cchno|o¸y, Vcsre, onc of |hc |ceo|n¸ |ns|||u||ons of |cchn|ce| couce||on eno e |os|-Greoue|c |n Vene¸cmcn| eno Sys|cms
from ll¹-|c|h|.
Shr| Chouohury hes |hc o|s||nc||on of cccom|n¸ |hc youn¸cs| Ch|cf |xccu||vc Ofnccr of e Ccn|re| |uc||c Scc|or |n|crpr|sc ,C|S|) e| |hc
e¸c of 44 ycers vhcn hc ¦o|nco |e||one| bu||o|n¸s Cons|ruc||on Corpore||on ||m||co on /pr|| O3, 2OO1 es Che|rmen & Vene¸|n¸
||rcc|or. |r|or |o |he|, hc heo vor|co |n prom|ncn| puc||c eno pr|ve|c scc|or lno|en compen|cs s|ncc 1979.
||s v|s|on, |ceocrsh|p eno |nous|r|ousncss |rensformco |bCC, vh|ch ves e s|c| compeny v||h nc¸e||vc nc|-vor|h eno se|ery cec|-|o¸
|n 2OO1, |n|o e c|uc-ch|p cn|crpr|sc hev|n¸ Schcou|c '/' eno 'V|n|re|ne' s|e|us ccs|ovco upon || cy |hc Govcrnmcn| of lno|e. ¹hc
35
th
Annual Report 2010-2011 1O
s|unn|n¸ |urnerouno of |hc Compeny crou¸h| ecou| cy h|m heo cnec|co |bCC's |urnovcr ¸rov ecou| 1O ||mcs eno nc|-vor|h ovcr 5OO
||mcs our|n¸ h|s |cnurc of n|nc-eno-e-he|f ycers e| |hc hc|m, ce|epu|||n¸ || |n|o |hc o|s||n¸u|shco |ce¸uc of '¹op ¹cn C|S|s'.
Shr| Chouohury cr|n¸s |o |¹|C |hc oynem|sm of e |ceocr v||h provcn ec|||||cs |o ech|cvc |rensforme||one| chen¸cs. |c scc|s |o pos|||on
|hc Vehere|ne cn|crpr|sc on coursc |o cccomc |hc |er¸cs| eno ccs| povcr proouccr |n |hc vor|o. |c hes |e|cn e numccr of |n|||e||vcs
|o fur|hcr s|rcn¸|hcn |¹|C es e vor|o-c|ess or¸en|ze||on.
Shr| /rup |oy Chouohury ho|os 319O shercs |n |¹|C ||m||co.
|ursuen| |o |hc prov|s|on of /r||c|c 41,|||) of |hc /r||c|cs of /ssoc|e||on of |hc Compeny, Shr| /rup |oy Chouohury she|| cc |hc non-
rc||r|n¸ ||rcc|or.
|onc of |hc ||rcc|ors cxccp| Shr| /rup |oy Chouohury |s |n|crcs|co or conccrnco |n |hc rcso|u||on.
¹hc boero of ||rcc|ors cons|ocrs |he| |n v|cv of |hc cec|¸rouno eno cxpcr|cncc of Shr| /rup |oy Chouohury, || vou|o cc |n |hc |n|crcs|
of |hc Compeny |o eppo|n| h|m es |hc Che|rmen & Vene¸|n¸ ||rcc|or of |hc Compeny. ¹hc boero rccommcnos |hc rcso|u||on for your
epprove|.
Item No. 9
Shr| S.|. S|n¸h, ves eppo|n|co es en /oo|||one| ||rcc|or on |hc boero of |¹|C, v.c.f 1o.1O.2O1O cy |hc |rcs|ocn| of lno|e v|oc
|o||nce||on |o. 8/3/2OO9-¹|.l _|||, oe|co 1o.1O.2O1O |ssuco cy V|n|s|ry of |ovcr. ln |crms of |hc Compen|cs /c|, 195o, hc ho|os
ofncc up|o |h|s /nnue| Gcncre| Vcc||n¸. ¹hc 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| S.|. S|n¸h for |hc ofncc of ||rcc|or ,|umen |csourccs).
Shr| S.|. S|n¸h, |f eppo|n|co, v||| cc ||ec|c |o rc||rc cy ro|e||on.
Shr| S.|. S|n¸h, e¸co 58 ycers, |s e Greoue|c |n ||cc|r|ce| |n¸|nccr|n¸ from !|ve¦| 0n|vcrs||y, Gve||or. |c ¦o|nco |¹|C |n 1984 eno vor|co
for morc |hen 25 ycers |n |hc |n¸|nccr|n¸ |cper|mcn|, |oo||n¸ ef|cr ver|ous func||ons of ||en| |n¸|nccr|n¸ rc|e|co Oue|||y /ssurencc &
lnspcc||on, |ro¦cc| |eyou| |n¸|nccr|n¸, |ro¦cc| |n¸|nccr|n¸, c|c.
/s ||rcc|or ,|umen |csourccs), Shr| S|n¸h |s rcspons|c|c for |hc cn||rc |umen |csourcc func||on of |hc or¸en|se||on. |c |s e|so
rcspons|c|c for |hc |ovcr Vene¸cmcn| lns|||u|c of |¹|C eno o|hcr corpore|c func||ons such es lnous|r|e| Sefc|y, |csc|||cmcn| &
|chec||||e||on, Corpore|c Soc|e| |cspons|c||||y, Vco|ce| Scrv|ccs eno Corpore|c Sccur||y & Cooro|ne||on.
Shr| S.|. S|n¸h ho|os 1O5O7 shercs |n |¹|C ||m||co.
|onc of |hc ||rcc|ors cxccp| Shr| S.|. S|n¸h |s |n|crcs|co or conccrnco |n |hc rcso|u||on.
¹hc boero of ||rcc|ors cons|ocrs |he| |n v|cv of |hc cec|¸rouno eno cxpcr|cncc of Shr| S.|. S|n¸h, || vou|o cc |n |hc |n|crcs| of |hc
Compeny |o eppo|n| h|m es ||rcc|or ,|umen |csourccs) of |hc Compeny. ¹hc boero rccommcnos |hc rcso|u||on for your epprove|.
Item No. 10
Shr| |.|. V|sre, ves eppo|n|co es en /oo|||one| ||rcc|or on |hc boero of |¹|C, v.c.f 19.1O.2O1O cy |hc |rcs|ocn| of lno|e v|oc
|o||nce||on |o. 8/5/2OO9-¹|.l _|O, oe|co 19.1O.2O1O |ssuco cy V|n|s|ry of |ovcr. ln |crms of |hc Compen|cs /c|, 195o, hc ho|os
ofncc up|o |h|s /nnue| Gcncre| Vcc||n¸. ¹hc 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| |.|. V|sre for |hc ofncc of ||rcc|or ,Opcre||ons). Shr|
|.|. V|sre, |f eppo|n|co, v||| cc ||ec|c |o rc||rc cy ro|e||on.
Shr| |.|. V|sre, e¸co 5o ycers, |s e Greoue|c |n ||cc|r|ce| |n¸|nccr|n¸ from |c¸|one| |n¸|nccr|n¸ Co||c¸c, |our|c|e. |c ¦o|nco |¹|C |n
1977. |c hes 33 ycers of cxpcr|cncc |n |¹|C ou| of vh|ch 28 ycers vcrc |n |hc |cs|¸n |cper|mcn| |oo||n¸ ef|cr |hc ver|ous func||ons
of ||cc|r|ce| |cs|¸n eno |ro¦cc| |n¸|nccr|n¸.
Shr| V|sre 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 |hc |C|, |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 ho|os 922 shercs |n |¹|C ||m||co.
|onc of |hc ||rcc|ors cxccp| Shr| |.|. V|sre |s |n|crcs|co or conccrnco |n |hc rcso|u||on.
¹hc boero of ||rcc|ors cons|ocrs |he| |n v|cv of |hc cec|¸rouno eno cxpcr|cncc of Shr| |.|. V|sre, || vou|o cc |n |hc |n|crcs| of |hc
Compeny |o eppo|n| h|m es ||rcc|or ,Opcre||ons) of |hc Compeny. ¹hc boero rccommcnos |hc rcso|u||on for your epprove|.
by orocr of |hc boero of ||rcc|ors
(A.K. Rastogi)
Compeny Sccrc|ery
Regd. Of?ce:
|¹|C bheven, Scopc Comp|cx,
7 lns|||u||one| /rce, |oo| |oeo, |cv |c|h|-11OOO3
|e|c : /u¸us| O4, 2O11
35
th
Annual Report 2010-2011 11
BRIEF RESUME OF THE DIRECTORS SEEKING RE-ELECTION AT THE 35
TH
AGM
Name Shr| l.!. |epoor Shr| /.|. Senve||e Shr| |enve| |e|h Shr| /ocsh C. !e|n
Date of Birth & Age O5.1O.195o/ 55 ycers 21.O5.1947/ o4 ycers 17.O2.1947/ o4 ycers O1.O8.1945/ oo ycers
Date of Appointment 2o.12.2OO8 3O.O1.2OO9 3O.O1.2OO9 3O.O1.2OO9
Quali?cations Greoue|c |n Vcchen|ce|
|n¸|nccr|n¸ eno Ves|crs |n
bus|ncss /om|n|s|re||on
,Ver|c||n¸)
V. Sc. ,|n¸¸.) from 0|, l.
Vcch. ,|), 0| eno /Vl|
,lno|e) - Vcch. & |roo.
V.Sc. ,|hys|cs) from
0n|vcrs||y of |c|h| eno |G
||p|ome |n |cvc|opmcn|
||nencc from |hc 0n|vcrs||y
of b|rm|n¸hem, 0.|.
b.Sc. ,Ve|hcme||cs), b.|. |n
||cc|r|ce| |n¸|nccr|n¸ from
lno|en lns|||u|c of Sc|cncc
eno Ves|crs |n |n¸|nccr|n¸
|n Con|ro| Sys|cms from
Ceneoe
Expertise in speci?c
functional area
Shr| |epoor hes r|ch eno
ver|co cxpcr|cncc of ovcr
32 ycers |n |hc erces of
Commcrc|e|, |n¸|nccr|n¸,
Con|rec|s & Ve|cr|e|s
Vene¸cmcn|, Consu||ency,
Cos| |n¸|nccr|n¸, |ro¦cc|
Scrv|ccs, Oue|||y
/ssurencc & lnspcc||on
eno |ovcr S|e||on
Vene¸cmcn|.
Shr| Senve||e hes v|oc
cxpcr||sc |n |hc erces of
Gcncre| Vene¸cmcn| &
/om|n|s|re||on, ¹renspor|
||enn|n¸, |ro¦cc|
Vene¸cmcn| &
Cooro|ne||on.
Shr| |e|h hes ovcr 37 ycers
of cxpcr|cncc |n lno|en
/uo|| eno /ccoun|s
Scrv|cc. |c hes v|oc
cxpcr|cncc |n |hc /uo|| of
Or¸en|se||ons |n |ovcr,
¹c|ccommun|ce||on eno
|e||vey Scc|ors.
Shr| !e|n vor|co for s|x
ycers |n |hc nc|os of
/r||nc|e| ln|c|||¸cncc eno
Supcr Compu||n¸ |n
Ceneoe. |c p|onccrco |hc
compu|cr|ze||on
movcmcn| |n lno|e.
bcs|ocs l¹, hc hes cccn
essoc|e|co v||h pro¦cc|/
pro¸rem mene¸cmcn|
s|ncc 19o7 eno ves
erch||cc| of ln|c¸re|co
|ro¦cc| Vene¸cmcn|
Sys|cm of |hc |er¸cs|
cn¸|nccr|n¸ compeny ÷
b|||. |c hes vr|||cn
numcrous er||c|cs eno |s e
sou¸h| ef|cr |cyno|c
spce|cr.
Directorship held in
other companies
Part-time Chairman
1. |e||one| |ovcr
|xchen¸c ||m||co
2. /reve|| |ovcr Compeny
|r|ve|c ||m||co
3. |ncr¸y |fnc|cncy
Scrv|ccs ||m||co
Part-time Director
1. |¹C ,lno|e) ||m||co
2. |¹|C v|oyu| vyeper
||¸em ||m||co
3. Vc¦e 0r¦e ||¸em |r|ve|c
||m||co
4. |¹|C-b||| |ovcr
|ro¦cc|s |r|ve|c ||m||co
- Part-time Director
1. b|V| ||m||co
Chairman
1 lns|||u|c of |ro¦cc|s &
|ro¸rem Vene¸cmcn|
Managing Director
1. COV¹|C| ln|crne||one|
Sof|verc Venufec|urc
|r|ve|c ||m||co
Director
1. |ro¦cc| Vene¸cmcn|
Ccr||nce||on lns|||u|c
Memberships/
Chairmanship of
Committees across all
Public Companies
- Shareholders’/ Investors’
Grievance Committee-
Member
- |¹|C ||m||co
Audit Committee-
Member
- |¹|C ||m||co
Remuneration Committee-
Member
- |¹|C ||m||co
- b|V| ||m||co
-
35
th
Annual Report 2010-2011 12
|on'c|c |r|mc V|n|s|cr of lno|e |r. Venmohen S|n¸h prcscn||n¸ SCO||
|xcc||cncc /vero ,Go|o ¹rophy |n lno|v|oue| Ce|c¸ory) |o Shr| /rup |oy
Chouohury, CV|, |¹|C ||m||co on 15
|h
|cccmccr, 2O1O.
ACHIEVEMENTS
& ACCOLADES
|.|. |rcs|ocn| of lno|e Sm|. |re||che |cv|
S|n¸h |e||| prcscn||n¸ SCO|| Vcr||or|ous
/vero for bcs| |rec||ccs |n |umen
|csourccs Vene¸cmcn| |o Shr| /rup |oy
Chouohury, CV|, |¹|C ||m||co on |hc
occes|on of |uc||c Scc|or |ey, on 11
|h

/pr||, 2O11.
Shr| v||esreo |cshmu|h, |hc 0n|on V|n|s|cr of |cevy lnous|r|cs eno |uc||c
|n|crpr|scs prcscn||n¸ |S0 |xcc||cncc /vero 2O1O |o |¹|C |n |hc ce|c¸ory
of bcs| ||nenc|e| |crformencc. ¹hc evero ves rccc|vco cy Shr| /rup |oy
Chouohury, CV|, |¹|C ||m||co eno Shr| /.|. S|n¸he|, ||rcc|or ,||nencc), |¹|C
on 1
s|
|cccmccr, 2O1O.
35
th
Annual Report 2010-2011 13
Year
Application of funds
20000
40000
60000
80000
100000
2006-07
`

C
r
o
r
e
2007-08 2008-09 2009-10 2010-11
120000
0
Investments
Assets under Construction
Net Block
Working Capital
-20%
-0.2%
-0.2%
0.0%
0% 20% 40 % 60 % 80 % 100 %
2006-07
2007-08
2008-09
2009-10
2010-11
61.6%
59.8%
59.9%
55.0%
56.0%
10.3% 5.4%
4.3%
3.7%
4.9%
7.4% 4.4%
2.6%
7.7% 5.4%
4.4%
4.0%
4.1%
4.5%
4.7%
8.4% 7.1%
0.7%
5.8% 8.6% 3.3%
5.3%
4.4% 5.9% 10.8%
5.2%
5.3%
10.5%
10.1%
9.5%
4.3%
4.6%
3.7%
4.9% 6.4% 5.1%
Distribution of Income
Y
e
a
r
|uc|
Gcncre||on, /om|n|s|re||on
& o|hcr cxpcnsecs
|c|e|nco cern|n¸s |cprcc|e||on
|mp|oycc |cmuncre||on
& bcncn|s
ln|crcs| & ||nencc
Cher¸cs
¹ex ,|c|) |rov|s|ons eno |r|or
pcr|oo eo¦usmcn|s
||v|ocno ,|nc|uo|n¸ |ex)
0.3%
Percentage
Debt to Net Worth
Net Worth Debt Ratio
2006-07
0.00 0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
10000.00
20000.00
30000.00
40000.00
50000.00
60000.00
70000.00
80000.00
0.50
48,597
24,484
27,191
34,568
37,797
43,188
52,639
57,370
62,437
67,892
0.52
0.60
0.61
0.64
2007-08 2008-09 2009-10 2010-11
`

C
r
o
r
e
Year
Year
Sources of Funds
20000
40000
60000
80000
100000
2006-07
`

C
r
o
r
e
2007-08 2008-09 2009-10 2010-11
120000
0
Reserves & Surplus
Deferred revenue & Net deferred forex liability
Loan Funds
Share Capital
35
th
Annual Report 2010-2011 14
STATION-WISE GENERATION 2010-11
STATIONS Fuel Type Capacity (MW) Gross Gen. (MUs)
Northern Region 5490 45382
S|n¸reu|| Coe| 2OOO 1o913
||heno Coe| 2OOO 1o319
0ncheher Coe| 1O5O 858O
¹enoe Coe| 44O 357O
National Capital Region 4837 32042
beoerpur Coe| 7O5 4553
|eor| Coe| 182O 12O7o
/n|e Ges 413 2488
/ure|ye Ges o52 43o9
|eor| Ges 817 54OO
|er|oeceo Ges 43O 3155
Western Region (WR-I & WR-II) 8153 60785
|orce Coe| 2oOO 17377
v|nohyeche| Coe| 32oO 27O11
S|pe| Coe| 1OOO 845o
|eves Ges o45 3882
!henor Genoher Ges o48 4O58
Eastern Region (ER-I & ER-II) 7900 51449
|ere||e Coe| 21OO 11O9O
|ehe|¸eon Coe| 234O 14O29
¹e|chcr - |en|he Coe| 3OOO 22533
¹e|chcr - ¹hcrme| Coe| 4oO 3797
Southern Region 4450 30879
|eme¸unoem Coe| 2oOO 2O5oO
S|mheor| Coe| 15OO 8417
|e¦|v Genoh| CC| ||qu|o |uc| 35O 19O3
Total 30830 220536
Share of Generating Capacity
,es on 31
s|
Verch 2O11)
|cs| of lno|e 14279o V\ |¹|C 3O83O V\
Share of Electricity Generated
,es on 31
s|
Verch 2O11)
|cs| of lno|e 59 b0s |¹|C 22O.54 b0s
18%
27%
73%
82%
35
th
Annual Report 2010-2011 15
NTPC PLF Vs All India PLF
100%
89%
77%
92% 91%
77%
91%
78%
88%
75%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
2006-07 2007-08 2008-09 2009-10 2010-11
NTPC All INDIA
P
L
F
79%
Growth in Generation
NTPC vs Rest of India
900.00
800.00
700.00
600.00
500.00
400.00
300.00
200.00
100.00
2006-07 2007-08 2008-09 2009-10 2010-11
0.00
470.75
659.42
188.67
503.59
704.45
200.86
516.85
723.79
206.94
552.71
771.55
218.84
590.60
811.14
220.54
Generation-NTPC Generation- Rest of India Total
B
U
s
Growth in Installed Capacity
NTPC vs Rest of India
160,000
180,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
2006-07 2007-08 2008-09 2009-10 2010-11
0.00
132,329
26,350
115,711
143,061
27,350
120,115
147,965
27,850
130,558
159,398
28,840
142,796
173,626
30,830
105,979
Installed Capacity-NTPC Installed Capacity-India excl. NTPC Total
Year
Year
Year
M
W
35
th
Annual Report 2010-2011 1o
SELECTED FINANCIAL INFORMATION
` crorc
2010-11 2009-10 2008-09 2007-08 2006-07
A) Operating Income
|ernco from
Se|c of |ncr¸y 547O4.55 4o1o8.o7 41791.18 3o94o.23 32534.44
Consu||ency & O|hcr lncomc 2o94.94 3Oo5.21 3437.88 3Oo5.O8 2842.23
Total 57399.49 49233.88 45229.06 40011.31 35376.67
Paid & Provided for
|uc| 35373.78 294o2.74 27119 22O2O.24 19818.1O
|mp|oyccs |cmuncre||on & bcncn|s 2789.71 2412.3o 24o3.13 1895.99 11o3.2O
Gcncre||on, /om|n|s|re||on & o|hcr cxpcnscs 2o41 2O94.O3 1819.1o 1o28.4O 155o.7O
|rov|s|on ,|c|) 1544.34 ,1.87) 7.59 O.7O 7.35
|r|or |cr|oo/|x|re Oro|nery l|cms ,1o38.72) ,77.83) 1O8.32 274.51 ,1O.87)
Pro?t before Depreciation, Interest & Finance Charges and Tax 16684.37 15344.45 13720.17 14191.47 12842.19
|cprcc|e||on 2485.o9 2o5O.Oo 23o4.48 2138.5O 2O75.38
Pro?t before Interest & Finance Charges and Tax 14198.68 12694.39 11356.69 12052.97 10766.81
ln|crcs| & ||nencc Cos| 2149.O8 18O8.93 199o.22 1798.O4 1859.38
Pro?t before tax 12049.60 10885.46 9359.47 10254.93 8907.43
¹ex ,|c|) 2947.O1 2157.2o 1158.17 284O.12 2O42.71
Pro?t after tax 9102.59 8728.20 8201.30 7414.81 6864.72
||v|ocno 3133.27 3133.27 29o8.3o 2885.91 2o38.55
||v|ocno |ex 514.77 527.o2 5O1.71 49O.4o 389.o4
Retained Pro?t 5454.55 5067.31 4731.23 4038.44 3836.53
B) What is Owned
Gross ||xco /ssc|s 72755.15 oo85O.O7 o2353.O4 533o7.95 5O727.28
|css : |cprcc|e||on 33519.19 32O88.78 29415.31 27274.28 25O79.18
|c| c|oc| 39235.9o 347o1.29 32937.73 2oO93.o7 25o48.1O
Cep||e| \or|-|n-pro¸rcss, Cons|ruc||on S|orcs & /ovenccs 38273 321O4.31 2o4O4.9O 22478.38 1o839.2O
lnvcs|mcn|s 12344.84 148O7.O9 13983.48 152o7.22 1oO94.33
Currcn| /ssc|s, |oens & /ovenccs 3539o.79 3O815.8O 3O925.3O 25548.8O 22182.7O
Total Net Assets 125248.22 112488.49 104251.41 89388.07 80764.33
C) What is Owed
|on¸ ¹crm |oens 43174.98 37783.o3 345oo.33 27177.o7 24451.o5
\or||n¸ Cep||e| |oens 13.2o 13.39 1.42 12.93 32.8O
Currcn| ||ec|||||cs & |rov|s|ons 13O72.91 1O758.1o 1Oo88.oO 7929.9O 7O2o.3O
Total Liabilities 56261.15 48555.18 45256.35 35120.50 31510.75
D) Others
|cfcrrco |cvcnuc on eccoun| of /ovencc e¸e|ns| ocprcc|e||on 792.O5 1o1O.84 1931 1373.4O o5o.7O
|cfcrrco |orc|¸n Currcncy ||uc|ue||on ||ec||||y 9o.54 o1.O5 54.52 255.4O -
|cfcrrco lncomc |rom |orc|¸n Currcncy ||uc|ue||on ||ec||||y o2.43 - oO7.71 - -
|crfcrrco ¹ex ||ec||||y ,|c|) oO2.95 2O9.25 O.13 O.1O O.1O
|cfcrrco |orc|¸n Currcncy ||uc|ue||on /ssc| 4595.15 3o5.17 973.4O - -
|cfcrrco |xpcno||urc |rom |orc|¸n Currcncy ||uc|ue||on - 2O.O8 - - -
Total 1094.82 1495.89 1624.97 1628.90 656.80
E) Net Worth
Sherc Cep||e| 8245.4o 8245.4o 8245.4o 8245.4o 8245.4o
|cscrvcs & Surp|us 59o4o.79 54191.9o 49124.o1 44393.15 4O351.25
Net Worth 67892.25 62437.42 57370.07 52638.61 48596.71
F) Capital Employed 71374.57 69572.54 64183.42 58886.77 56433.15
G) Value Added 19139.99 17331.30 14054.75 12753.79 11101.15
H) No. of Shares 8245464400 8245464400 8245464400 8245464400 8245464400
I) No. of Employees * 23797 23743 23639 23674 23602
J) Ratios
|c|urn on Cep||e| |mp|oyco ,%) 14.3O 13.97 14.29 14.O7 13.89
|c|urn on |c| \or|h ,%) 1o.92 1o.35 1o.7O 1o.1O 15.57
boo| ve|uc pcr Sherc ,`) 82.34 75.72 o9.58 o3.84 58.94
Currcn| |e||o 2.71 2.8o 2.89 3.22 3.1o
|cc| |o |qu||y 4 1 O O.52 O.5O
ve|uc /ooco/|mp|oycc ,` crorc) O.8O O.73 O.59 O.54 O.47
* |xc|uo|n¸ !vs, Sucs|o|er|cs
35
th
Annual Report 2010-2011 17
DIRECTORS’ PROFILE
Shri Arup Roy Choudhury, ,54 ycers), Che|rmen & Vene¸|n¸ ||rcc|or of |hc Compeny s|ncc Scp|cmccr O1,
2O1O, hes en |||us|r|ous cerccr spenn|n¸ ovcr 32 ycers of ou|s|eno|n¸ con|r|cu||on |n |hc nc|os of cn¸|nccr|n¸,
¸cncre| mene¸cmcn|, s|re|c¸|c mene¸cmcn| eno cus|ncss |ceocrsh|p. |c |s e Greoue|c |n C|v|| |n¸|nccr|n¸
from b|r|e lns|||u|c of ¹cchno|o¸y, Vcsre, onc of |hc |ceo|n¸ |ns|||u||ons of |cchn|ce| couce||on eno e |os|-
Greoue|c |n Vene¸cmcn| eno Sys|cms from ll¹-|c|h|.
Shr| Chouohury |s Che|rmen, for |hc sccono consccu||vc |crm commcnc|n¸ /pr|| 2O11, of S|eno|n¸
Confcrcncc of |uc||c |n|crpr|scs ,SCO||), |hc epcx forum of Ccn|re| |uc||c Scc|or |n|crpr|scs ,C|S|s) |n
lno|e eno e pcrmencn| |nv||cc on |hc boero of |ccons|ruc||on of |uc||c Scc|or |n|crpr|scs ,b||S|), e forum
cn¸e¸co |n |urn|n¸ erouno unocrpcrform|n¸ C|S|s.
Shr| Chouohury hes |hc o|s||nc||on of cccom|n¸ |hc youn¸cs| Ch|cf |xccu||vc Ofnccr of e Ccn|re| |uc||c
Scc|or |n|crpr|sc ,C|S|) e| |hc e¸c of 44 ycers vhcn hc ¦o|nco |e||one| bu||o|n¸s Cons|ruc||on Corpore||on
||m||co on /pr|| O3, 2OO1 es Che|rmen & Vene¸|n¸ ||rcc|or. |r|or |o |he|, hc heo vor|co |n prom|ncn| puc||c eno pr|ve|c scc|or lno|en
compen|cs s|ncc 1979.
||s v|s|on, |ceocrsh|p eno |nous|r|ousncss |rensformco |bCC, vh|ch ves e s|c| compeny v||h nc¸e||vc nc|-vor|h eno se|ery cec|-|o¸
|n 2OO1, |n|o e c|uc-ch|p cn|crpr|sc hev|n¸ Schcou|c '/' eno 'V|n|re|ne' s|e|us ccs|ovco upon || cy |hc Govcrnmcn| of lno|e. ¹hc
s|unn|n¸ |urnerouno of |hc Compeny crou¸h| ecou| cy h|m heo cnec|co |bCC's |urnovcr ¸rov ecou| 1O ||mcs eno nc|-vor|h ovcr 5OO
||mcs our|n¸ h|s |cnurc of n|nc-eno-e-he|f ycers e| |hc hc|m, ce|epu|||n¸ || |n|o |hc o|s||n¸u|shco |ce¸uc of '¹op ¹cn C|S|s'.
Shr| Chouohury cr|n¸s |o |¹|C |hc oynem|sm of e |ceocr v||h provcn ec|||||cs |o ech|cvc |rensforme||one| chen¸cs. |c scc|s |o pos|||on
|hc Vehere|ne cn|crpr|sc on coursc |o cccomc |hc |er¸cs| eno ccs| povcr proouccr |n |hc vor|o. |c hes |e|cn e numccr of |n|||e||vcs
|o fur|hcr s|rcn¸|hcn |¹|C es e vor|o-c|ess or¸en|ze||on.
Shr| Chouohury |s e Vcmccr of |hc Sc|cn||nc /ov|sory Comm|||cc |o |hc Cec|nc|, Govcrnmcn| of lno|e. Shr| Chouohury |s v|cc-
Che|rmen of \or|o |ncr¸y Counc|| ,\|C), vor|o's |er¸cs| mu|||-cncr¸y or¸en|ze||on v||h c|osc |o 1OO mcmccr ne||ons, eno |s |e|ron of
Sou|h /s|e |orum for |ncr¸y |fnc|cncy ,e ¦o|n| vcn|urc of \|C-lVC eno |ncr¸y Sev|n¸ Comm|ss|on, \|O). |c |s e|so |nvo|vco |n ver|ous
cepec|||cs v||h prcs||¸|ous eceocm|c |ns|||u||ons |||c |os| Greoue|c lns|||u|c of Vco|ce| |ouce||on & |cscerch ,|GlV||), Cheno|¸erh
eno llV, lnoorc.
Shr| Chouohury hes cccn prcscn|co |hc “SCOPE Award for Excellence and Outstanding Contribution in the Public Sector
Management (2008-09) - Individual Category” cy |on'c|c |r|mc V|n|s|cr. |c hes cccn everoco ¨The Exemplary Leadership
Award for People Excellence” cy \or|o ||| Con¸rcss for h|s ou|s|eno|n¸ con|r|cu||on |o |hc fre|crn||y eno scc|or.
Shri A.K. Singhal, ,57 ycers), e Cher|crco /ccoun|en| cy profcss|on, hes r|ch & ver|co cxpcr|cncc of ovcr 35
ycers |n Corpore|c ||nencc Vene¸cmcn| eno 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| mene¸cmcn| of |hc or¸en|ze||on |nc|uo|n¸ nnenc|e| rcsourcc moc|||ze||on from oomcs||c &
¸|oce| sourccs, op||mum u||||ze||on of funos, cuo¸c|ery con|ro|s eno |nvcs|mcn| occ|s|ons. |ur|n¸ h|s |cnurc
of 1O ycers |n |¹|C, hc hes hc|o scvcre| |enomer| |rensec||ons for |hc Compeny such es ln|||e| eno |ur|hcr |uc||c
Offcr of cqu||y, |er¸c |crm |oen fec|||||cs from cen|s eno nnenc|e| |ns|||u||ons eno cs|ec||shmcn| of 0S| 1 c||||on
Vco|um ¹crm |o|c |ro¸remmc eno |ssuencc of no|cs |hcrcunocr |nc|uo|n¸ |hc rcccn||y conc|uoco |renchc for
0S| 5OO m||||on.
/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¸ mcr¸crs eno ecqu|s|||ons |nc|uo|n¸ cec|vero
& forvero |n|c¸re||on of cus|ncss. |c ves |hc forcfron| runncr |n or|v|n¸ succcssfu| |mp|cmcn|e||on of ||| |n |hc Compeny. |c |s e v||e|
||n| cc|vccn |hc |nvcs||n¸ commun||y eno |hc mene¸cmcn| of |hc Compeny.
|r|vcn cy |hc pess|on for cxcc||cncc eno |mcuco v||h s|ron¸ vor| c|h|cs, Shr| S|n¸he| cc||cvcs |n|c¸r||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, |¹|C hes von meny everos & ecco|eocs for cxcc||cncc |n
||nenc|e| |cpor||n¸ eno Corpore|c Govcrnencc. Shr| S|n¸he| hes cccn rcco¸n|sco es bcs| C|O e| ver|ous forums |nc|uo|n¸ lC/l, C|bC
¹v 18 eno morc rcccn||y hc hes cccn pos|||onco emon¸ |op 1OO C|Os ecross |hc coun|ry cy C|O lns|||u|c of 9oo|9 mco|e.
35
th
Annual Report 2010-2011 18
Shri I. J. Kapoor, ,55 ycers), |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 |¹|C |n 1978. |c hes e r|ch eno ver|co cxpcr|cncc of ovcr 32 ycers |n |hc erces of
Commcrc|e|, |n¸|nccr|n¸, Con|rec|s & Ve|cr|e|s Vene¸cmcn|, Consu||ency, Cos| |n¸|nccr|n¸, |ro¦cc| Scrv|ccs,
Oue|||y /ssurencc & lnspcc||on eno |ovcr S|e||on Vene¸cmcn|. |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|), |¹|C, rcspons|c|c for mene¸cmcn| of ~ 39OO V\
¸cncre||n¸ cepec||y e|on¸ v||h pro¦cc| |mp|cmcn|e||on ec||v|||cs for 2x49O V\ e| |eor| S|e¸c-ll. /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 |¹|C's cn||rc c|cc|r|ce| ou|pu|, eppropr|e|c pr|c|n¸ from rc¸u|e|ory eu|hor||y eno cn||rc peymcn| rce||ze||on
from cus|omcrs, |hcrccy ¸cncre||n¸ eocque|c |n|crne| rcsourccs for |hc compeny |o mcc| |hc fu|urc che||cn¸c of
cepec||y eoo|||on. ln eoo|||on, hc |s |hc ||rcc|or ln- cher¸c of Consu||ency eno bus|ncss |cvc|opmcn| ec||v|||cs.
|c |s e|so |er| ¹|mc Che|rmen on |hc boero of /reve|| |ovcr Compeny |r|ve|c ||m||co ,15OO V\), |e||one| |ovcr |xchen¸c ||o. eno
|er| ¹|mc ||rcc|or on |hc boero of |¹C lno|e ||m||co, Vc¦e 0r¦e ||¸em |r|ve|c ||m||co ,132O V\), |¹|C-b||| |ovcr |ro¦cc|s |r|ve|c
||m||co eno |¹|C v|oyu| vyeper ||¸em ||m||co. |c |s e |c||ov Vcmccr of lns|||u||on of |n¸|nccrs, lno|e eno Scn|or Vcmccr, l|||,
0S/.
Shri B. P. Singh, ,58 ycers), |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 3o ycers r|ch eno ves| cxpcr|cncc co|h |n coe| es vc|| es povcr scc|or. |c ¦o|nco |¹|C ||o. |n 1981
eno vor|co |n ver|ous cepec|||cs |n |hc erces of |uc| Vene¸cmcn|, Coe| V|n|n¸ & Coe| \eshcry. |c p|eyco |hc
p|vo|e| ro|c |n formu|e||on of |¹|C's ovcre|| s|re|c¸y 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¸ |¹|C |n ver|ous comm|||ccs sc| up cy Gov|. of lno|e on
ln|c¸re|co Coe| |o||cy, fuc|s for |ovcr Gcncre||on, |r|c|n¸ of Coe|, ¹cchno-cconom|cs of us|n¸ veshco coe|, hc
hes e|so cccn per| of ver|ous Gov|. |cems & m|ss|ons |||c 0.|. ¹reoc V|ss|on, lnoo÷/us|re||e !o|n| \or||n¸ Group
on |ncr¸y & V|ncre|s, c|c. |c |s e|so |hc Che|rmen of bher||ye |e|| b|¦|cc Compeny ||m||co eno e|so rcprcscn||n¸
on |hc coero of b|-|¹|C |ncr¸y Sys|cms |v|. ||o., |¹|C |yoro ||m||co eno ln|crne||one| Coe| vcn|urcs |r|ve|c
||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¸ |¹|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 |¹|C boero es ||rcc|or ,|ro¦cc|s) |n /u¸, 2OO9. /s
||rcc|or ,|ro¦cc|s), hc |s rcspons|c|c for e|| |hc ec||v|||cs rc|e||n¸ |o |ro¦cc| ||enn|n¸, |xccu||on eno lmp|cmcn|e||on.
Shri D. K. Jain, ,59 ycers), |s e ¸reoue|c |n Vcchen|ce| |n¸|nccr|n¸ from ll¹, |here¸pur. |c ¦o|nco |¹|C ||m||co
|n 1978 ef|cr en |n|||e| pcr|oo of four ycers |n C|/, vhcrc hc ves |nvo|vco |n |hc ocs|¸n eno cn¸|nccr|n¸ of
S|n¸reu|| S¹|S ÷ |hc nrs| p|| hceo s|e||on of |¹|C. |c hes r|ch eno ver|co cxpcr|cncc of ovcr 35 ycers |n ocs|¸n,
cxccu||on eno rcnove||on of |er¸c povcr p|en|s. |ur|n¸ h|s |cnurc |n |¹|C, hc hes vor|co |n ver|ous cepec|||cs
|n |hc cn||rc proccss of povcr p|en| cxccu||on from pro¦cc| conccp|ue||ze||on, nne||se||on of oc|e||co ocs|¸n
eno cn¸|nccr|n¸ |o nc|o cxccu||on, crcc||on eno comm|ss|on|n¸ of povcr p|en|s es vc|| es |n rcnove||on eno
moocrn|se||on of |hcsc p|en|s. bcforc h|s c|cve||on es ||rcc|or ,¹cchn|ce|) on 13.O5.2O1O, hc ves |xccu||vc
||rcc|or ,|n¸|nccr|n¸), rcspons|c|c for |ocn||nce||on of s||cs, cs|ec||shmcn| of pro¦cc| fces|c||||y, ocs|¸n eno
oc|e||co cn¸|nccr|n¸ of coe|, ¸es eno hyoro povcr pro¦cc|s es vc|| es ovcrscc|n¸ |hc m|nc p|enn|n¸ eno ocs|¸n
of |¹|C's cep||vc coe| c|oc|s.
/s ||rcc|or ,¹cchn|ce|), hc |s rcspons|c|c for |n¸|nccr|n¸ ||v|s|on ÷ conccp| |o comm|ss|on|n¸ of |ovcr |ro¦cc|s, lnouc||on of
|nv|ronmcn| fr|cno|y |cchno|o¸|cs |||c supcr-cr|||ce| & ln|c¸er|co Ges|nce||on Comc|nco Cyc|c ,lGCC), |¹|C |ncr¸y ¹cchno|o¸y
|cscerch /|||encc ,||¹|/), |cncvec|c |ncr¸y & ||s|r|cu|co Gcncre||on |nc|uo|n¸ |nouc||on of So|er, \|no, Sme|| |yoc| eno Gco-
|hcrme| ¹cchno|o¸y, lmp|cmcn|e||on of |cccn|re||sco ||s|r|cu|co Gcncre||on Schcmcs, lnforme||on ¹cchno|o¸y |n|||e||vcs |nc|uo|n¸
|n|crpr|sc |csourcc ||enn|n¸ ,|||).
Shri S. P. Singh, ,58 ycers), |s e ¸reoue|c |n ||cc|r|ce| |n¸|nccr|n¸ from Veohev lns|||u|c of ¹cchno|o¸y eno
Sc|cncc, !l\/!l 0n|vcrs||y, Gve||or hev|n¸ comp|c|co h|s schoo||n¸ from prcs||¸|ous Co|v|n ¹e|uqoer's Co||c¸c,
|uc|nov. |c s|er|co h|s cerccr |n b||| |n 1975 es |n¸|nccr ¹re|ncc eno vor|co for 9 ycers e| b|||, |erover
|n |hc ¹urco¸cncre|or |cs|¸n |cper|mcn|. Shr| S|n¸h ¦o|nco |¹|C |n 1984 eno vor|co for morc |hen 25 ycers
|n |hc |n¸|nccr|n¸ |cper|mcn|, |oo||n¸ ef|cr ver|ous func||ons of ||en| |n¸|nccr|n¸ rc|e|co Oue|||y /ssurencc &
lnspcc||on, |ro¦cc| |eyou| |n¸|nccr|n¸, |ro¦cc| |n¸|nccr|n¸ c|c. |c scrvco es || ,Corpore|c Con|rec|s & Ve|cr|e|s)
eno Ch|cf |xccu||vc Ofnccr of |¹|C ||cc|r|c Supp|y Compeny ||o. ,e vho||y ovnco sucs|o|ery of |¹|C) eno
|es||y es || ,l/c)- |umen |csourccs. /s ||rcc|or ,||), Shr| S|n¸h |s rcspons|c|c for |hc cn||rc |umen |csourcc
func||on of |hc or¸en|se||on. |c |s e|so rcspons|c|c for |hc |ovcr Vene¸cmcn| lns|||u|c of |¹|C eno o|hcr
corpore|c func||ons such es lnous|r|e| Sefc|y, |csc|||cmcn| & |chec||||e||on, Corpore|c Soc|e| |cspons|c||||y,
Vco|ce| Scrv|ccs eno Corpore|c Sccur||y & Cooro|ne||on. Shr| S|n¸h |s e|so |hc /ppc||e|c /u|hor||y |n |hc or¸en|se||on unocr |hc |¹l
/c|, 2OO5.
35
th
Annual Report 2010-2011 19
Shri N. N. Misra, ,57 ycers), |s e ¸reoue|c |n ||cc|r|ce| |n¸|nccr|n¸ v||h |onours from |c¸|one| |n¸|nccr|n¸
Co||c¸c, |our|c|e, |n |hc ycer 1977. Shr| V|sre ¦o|nco |¹|C |n 1977 es |xccu||vc ¹re|ncc ,2
no
be|ch). |c hes
cxpcr|cncc of 33 ycers |n |¹|C ou| of vh|ch 28 ycers vcrc |n |hc |cs|¸n |cper|mcn| |oo||n¸ ef|cr |hc ver|ous
func||ons of ||cc|r|ce| |cs|¸n eno |ro¦cc| |n¸|nccr|n¸ cc¸|nn|n¸ v||h |hc nrs| pro¦cc| of |¹|C. |c |s ec||vc|y
essoc|e|co v||h blS eno rcprcscn|s |¹|C |n ||cc|ro ¹cchn|ce| ||v|s|on Counc|| of blS |cper|mcn|. Shr| V|sre
rcprcscn|s lno|e |n ClG|| ,ln|crne||one| Confcrcncc on |er¸c ||¸h vo||e¸c ||cc|r|c Sys|cm) for h|¸h vo||e¸c
cqu|pmcn| eno hes con|r|cu|co |n meny s|uoy comm|||ccs eno vor||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 e|so rcprcscn|s |¹|C es |er|-||mc ||rcc|or |n e numccr of !o|n| vcn|urcs of |¹|C.
Shri M. N. Buch, ,7O ycers), |s V./. ,||s|ory) from |c|h| 0n|vcrs||y, V. |h|| ,|uc||c /om|n|s|re||on) from lno|en
lns|||u|c of |uc||c /om|n|s|re||on, |un¦ec 0n|vcrs||y, |G ||p|ome ho|ocr |n |or| Vene¸cmcn| eno /om|n|s|re||on
from 0n|vcrs||y Co||c¸c, |onoon eno en lno|en /om|n|s|re||vc Scrv|cc Ofnccr of Gu¦ere| Ceorc, 19o4 ce|ch. |c
hes hc|o ver|ous pos|s |n Gu¦ere| Govcrnmcn| |nc|uo|n¸ Vene¸|n¸ ||rcc|or of Gu¦ere| Sme|| lnous|r|cs Corpore||on,
|xccu||vc ||rcc|or of Gu¦ere| S|e|c |cr||||scr Compeny eno Sccrc|ery, |ouce||on. |c heo hc|o |hc pos|||on of
Che|rmen, |eno|e |or| ¹rus| unocr |hc V|n|s|ry of Surfecc ¹renspor|, !o|n| Sccrc|ery |o |hc Govcrnmcn| of lno|e
|n |cper|mcn| of ben||n¸, V|n|s|ry of ||nencc, /oo|||one| Sccrc|ery |o |hc V|n|s|ry of |ecour, GOl, ||rcc|or-
Gcncre|, Spor|s /u|hor||y of lno|e pr|or |o cccom|n¸ Vcmccr of |uc||c |n|crpr|scs Sc|cc||on boero, GOl. |c
hes cccn e|so on |hc boero of ver|ous puc||c scc|or cen|s. |c hes v|oc cxpcr|cncc |n co|h |cvc|opmcn| eno
|c¸u|e|ory /om|n|s|re||on e| |hc Ccn|re|, S|e|c eno ||s|r|c| |cvc|s.
Shri Shanti Narain, ,7O ycers), |s b.Sc ,|ons. |n |hys|cs) eno V.Sc. ,Ve|hcme||cs) from |c|h| 0n|vcrs||y eno hes
pursuco Vene¸cmcn| |cvc|opmcn| |ro¸remmc e| br|||sh ¹renspor| S|eff Co||c¸c, 0|. |c hes hc|o ver|ous pos|s
|n |e||veys pr|or |o cccom|n¸ Vcmccr ,¹refnc), |e||vey boero. |c hes |cy cxpcr||sc |n s|re|c¸|c mene¸cmcn| of
|renspor| sys|cms v||h spcc|e| focus on |e||veys, |nvo|v|n¸ p|enn|n¸, mer|c||n¸, cus|omcr rc|e||ons, mon||or|n¸
eno con|ro| of opcre||one| eno commcrc|e| ec||v|||cs eno ocvc|opmcn| of |renspor| |nfres|ruc|urc.
Shri P. K. Sengupta, ,71 ycers), |s b. Com eno |lC\/. |c hes hc|o |hc pos|||on of ||rcc|or ,||nencc) |n |es|crn
Coe|nc|os ||m||co, ||rcc|or ,||nencc) |n Coe| lno|e ||m||co. |c supcrennue|co es Che|rmen & Vene¸|n¸ ||rcc|or
of Coe| lno|e ||m||co. |c |s on |hc boero of S|cc| /u|hor||y of lno|e ||o. es |on-Ofnc|e| |er|-¹|mc ||rcc|or. |c
hes cxpcr||sc |n |hc erce of ||nenc|e| Vene¸cmcn| eno Gcncre| /om|n|s|re||on.
Shri K. Dharmarajan, ,o8 ycers), |s V.Sc. ,|hys|cs) eno VS |n |ncr¸y Vene¸cmcn| eno |o||cy from 0n|vcrs||y of
|cnnsy|ven|e. |c |s e rc||rco l/S ofnccr eno hes hc|o ver|ous pos|||ons e| |hc S|e|c eno Ccn|rc |||c |G ll|¹, !o|n|
Sccrc|ery, 0rcen |cvc|opmcn|, GOl, ||rcc|or eno Ofncc-|n-cher¸c of |ncr¸y |o||cy ||v|s|on ÷ V|n|s|ry of |ncr¸y,
||nencc Con|ro||cr, ¹||b, Sccrc|ery, Commcrc|e| ¹excs eno 0rcen |cvc|opmcn|, Gov|. of ¹em|| |eou. |c hes
43 ycers of v|oc-ren¸|n¸ cxpcr|cncc |n |hc erces of ||nencc, |ncr¸y, ¹reoc eno Commcrcc, 0rcen Govcrnencc
eno |ovcr|y. |c ves |hc Che|rmen of |hc |xpcr| Comm|||cc for |ropcr|y ¹ex |cforms, |c|h| eno |s vc|| |novn
|n |hc erces of |ns|||u||one| ocvc|opmcn|, eom|n|s|re||on, |n|crne||one| |reoc & commcrcc, cncr¸y eno povcr|y.
|c hes cccn e Consu||en| for |hc \or|o ben| |n |hc erces of urcen ¸ovcrnencc eno |nfres|ruc|urc. |c |s prcscn||y
Che|rmen of en |xpcr| Comm|||cc eov|s|n¸ Govcrnmcn| of |c|h| on Vun|c|pe| |cforms. |c hes cccn |nvo|vco
es e vo|un|ccr v||h |hc vor| of e non-pron| or¸en|se||on, vor||n¸ for |es| |vcn|y ycers |n |hc erces, |n|cr-e||e, of
urcen povcr|y e||cv|e||on |hrou¸h couce||on, commun||y ocvc|opmcn| eno cconom|c rcsur¸cncc.
35
th
Annual Report 2010-2011 2O
Dr. M. Govinda Rao, ,o4 ycers), |h.|. |n |conom|cs, |s ||rcc|or, |e||one| lns|||u|c of |uc||c ||nencc eno |o||cy,
|cv |c|h|. |c |s e|so e Vcmccr, |conom|c /ov|sory Counc|| |o |hc |r|mc V|n|s|cr. ||s pes| pos|||ons |nc|uoc
||rcc|or, lns|||u|c for Soc|e| eno |conom|c Chen¸c, ben¸e|orc eno |c||ov, |cscerch Schoo| of |ec|nc eno /s|en
S|uo|cs, /us|re||en |e||one| 0n|vcrs||y, Cenccrre, /us|re||e. |c |s e mcmccr of boero of Govcrnors of lns|||u|c
of |conom|c Grov|h, |cv |c|h|, lns|||u|c for Soc|e| eno |conom|c Chen¸c, ben¸e|orc eno Veores Schoo|
of |conom|cs, Chcnne|. |c hes p|eyco e numccr of eov|sory ro|cs |n ver|ous |xpcr| Comm|||ccs. |r. |eo |s e
Vcmccr of |hc |oce| boero of |cscrvc ben| of lno|e for |hc Sou|hcrn |c¸|on. |c |s e|so e Vcmccr of S|ccr|n¸
Comm|||cc for |hc Sou|h /s|e |c|vor| of |conom|c |cscerch ,S/||l). |c hes cccn e Consu||en| |o \or|o ben|,
lV|, /|b eno |hc 0|||. |c hes puc||shco 13 coo|s eno mono¸rephs on ver|ous espcc|s of |uc||c ||nencc
ccs|ocs |cchn|ce| er||c|cs |n e numccr of ¦ourne|s.
Shri Kanwal Nath, ,o4 ycers), |s V.Sc. ,|hys|cs) from |hc 0n|vcrs||y of |c|h| eno |G ||p|ome |n |cvc|opmcn|
||nencc from |hc 0n|vcrs||y of b|rm|n¸hem, 0|. |c hes ovcr 37 ycers of cxpcr|cncc |n lno|en /uo|| eno /ccoun|s
Scrv|cc. |c rc||rco es |cpu|y Comp|ro||cr & /uo||or Gcncre| of lno|e |n |ccruery 2OO7. |c hes e|so hc|o pos|||on
of !o|n| Sccrc|ery & ||nenc|e| /ov|scr ,!S&|/) |n V|n|s|ry of \e|cr |csourccs eno eoo|||one| cher¸c of !S&|/ |n
V|n|s|ry of |ovcr. |c hes e|so vor|co es ||rcc|or of |x|crne| /uo|| v||h |hc 0n||co |e||ons boero of /uo||ors
e| |cv /or|. |c hes v|oc cxpcr|cncc |n |hc /uo|| of Or¸en|se||ons |n |ovcr, |c|ccommun|ce||on eno |e||vey
scc|ors. |rcscn||y, hc |s e|so en lnocpcnocn| |x|crne| Von||or for ¹||C ||m||co, ¹chr| eno en lnocpcnocn|
||rcc|or on |hc boero of b|V| ||m||co, ben¸e|orc.
Shri Adesh C. Jain, ,oo ycers), |s b.Sc. ,Ve|hcme||cs), b.|. |n ||cc|r|ce| |n¸|nccr|n¸ from lno|en lns|||u|c of
Sc|cncc ,19o5) eno Ves|crs |n |n¸|nccr|n¸ |n Con|ro| Sys|cms from Ceneoe. |c vor|co for s|x ycers |n |hc nc|os
of /r||nc|e| ln|c|||¸cncc eno Supcr Compu||n¸ |n Ceneoe ccforc rc|urn|n¸ |o lno|e |n 1973. |c p|onccrco |hc
compu|cr|ze||on movcmcn| |n lno|e for vh|ch hc ves everoco |hc |c||ovsh|p of CSl cy |r. S.|. Sherme, |rcs|ocn|
of |cpuc||c of lno|e |n 1991. bcs|ocs l¹, hc hes cccn essoc|e|co v||h pro¦cc|/pro¸rem mene¸cmcn| s|ncc 19o7
eno ves erch||cc| of ln|c¸re|co |ro¦cc| Vene¸cmcn| Sys|cm ,l|VS) of |hc |er¸cs| cn¸|nccr|n¸ compeny ÷b|||
|n lno|e |n 7O's. |c ves hceo of onc of |hc o|v|s|ons of b||| |n 1978. S|ncc 1992, hc |s vor||n¸ fu|| ||mc |n |hc
nc|o of pro¦cc| mene¸cmcn|. |c hes vr|||cn numcrous er||c|cs eno |s e sou¸h| ef|cr |cyno|c spce|cr. |cccn||y,
hc ves |nv||co |o spce| e| |hc |V Che||cn¸c 2O1O or¸en|zco cy |/S/ |n 0S/. |c |s |hc crce|or eno erch||cc|
of '|ro¦cc| ¹h|n||n¸' conccp|ue| fremcvor|. |c |s |onorery |rcs|ocn| of |V/, lno|e eno ||rcc|or-ln-Cher¸c of
Ccn|rc for |xcc||cncc |n |ro¦cc| Vene¸cmcn|. |c |s v|cc Che|rmen of ln|crne||one| Cos| |n¸|nccr|n¸ Counc|| ,lC|C) eno Che|rmen of
ln|crne||one| lns|||u|c of |ro¦cc|s eno |ro¸rem Vene¸cmcn| ,l2|2V). |c ves |hc nrs| non-|uropcen |rcs|ocn| eno Che|rmen of l|V/
s|ncc ||s cs|ec||shmcn| |n 19o5.
Shr| /ocsh !e|n |s onc of |hc vc|| |novn v|s|onery eno ¹hou¸h| |ceocrs. ||s pess|on |n s|rcn¸|hcn|n¸ pro¦cc| mene¸cmcn| movcmcn|
¸|oce||y |s vc|| rcco¸n|zco.
Shri A. K. Sanwalka, ,o4 ycers), |s V.Sc. ,|n¸¸.) from 0|, l. Vcch. ,|) 0| eno /Vl| ,lno|e) ÷ Vcch. & |roo. |c
hes hc|o ver|ous pos|||ons |n lno|en |e||veys eno rc||rco from |hc pos|||on of Gcncre| Vene¸cr, |or|hces| |ron||cr
|e||veys ef|cr 38 ycers of scrv|cc. |c hes v|oc cxpcr||sc |n |hc erces of Gcncre| Vene¸cmcn| & /om|n|s|re||on,
¹renspor| ||enn|n¸, |ro¦cc| Vene¸cmcn| & Cooro|ne||on. |c hes e|so heno|co scvcre| pro¦cc|s for cs|ec||sh|n¸
|er¸c proouc||on, me|n|cnencc eno rcpe|r fec|||||cs of lno|en |e||veys.
Shri Santosh Nautiyal, ,o5 ycers), |s e |os| Greoue|c |n |o||||ce| Sc|cncc. |c ves |n |hc lno|en /om|n|s|re||vc
Scrv|cc ,Or|sse 19o8) eno rc||rco |n !u|y 2OOo es Che|rmen, |e||one| ||¸hveys /u|hor||y of lno|e. |c hes
hc|o ver|ous pos|||ons |||c /oo|||one| Sccrc|ery, GOl |n |cper|mcn| of Consumcr /ffe|rs, |r|nc|pe| Sccrc|ery,
lnous|r|cs, Gov|. of Or|sse, !o|n| Sccrc|ery |n V|n|s|ry of S|cc| eno Vene¸|n¸ ||rcc|or of |hc lnous|r|e| |romo||on
eno lnvcs|mcn| Corpore||on of Or|sse ||o. ,l|lCO|). /f|cr rc||rcmcn| hc ves eppo|n|co es Che|rmen of |hc
|e||one| Sh|pp|n¸ boero cons|||u|co cy |hc Gov|. of lno|e.
35
th
Annual Report 2010-2011 21
Shri I. C. P. Keshari, ,49 ycers), |s e pos| ¸reoue|c |n ||s|ory from |c|h| 0n|vcrs||y eno en lno|en /om|n|s|re||vc
Scrv|cc 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|||s¸erh |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 Rakesh Jain, ,54 ycers), ho|os Ves|crs |c¸rcc |n |hys|cs from 0n|vcrs||y of |c|h|. |c |s en ofnccr of lno|en
/uo|| & /ccoun|s Scrv|cc ,1981). |c |s currcn||y |hc !o|n| Sccrc|ery & ||nenc|e| /ov|scr ,!S&|/) |n |hc V|n|s|ry of
|ovcr. |c |s Govcrnmcn| |om|ncc ||rcc|or on |hc boero of |||C ||m||co eno |ovcr Gr|o Corpore||on of lno|e
||m||co unocr |hc eom|n|s|re||vc con|ro| of V|n|s|ry of |ovcr. bcforc ¦o|n|n¸ V|n|s|ry of |ovcr, hc hc|o ver|ous
|mpor|en| pos|||ons such es ||rcc|or Gcncre| ,/ccoun|s, |n||||cmcn| Comp|e|n|s & lnforme||on Sys|cm), |r|nc|pe|
||rcc|or ,|cpor| S|e|cs)- Ofncc of Comp|ro||cr & /uo||or Gcncre| of lno|e, /ccoun|en| Gcncre| ,/G) ,/uo||),
|e¦es|hen, /G ,/|-ll) Veohye |reocsh, |r|nc|pe| ||rcc|or ,Commcrc|e| /uo||), |ench| eno |r|nc|pe| ||rcc|or of
/uo||, |mcessy of lno|e, \esh|n¸|on, 0S/.
Chief Vigilance Of?cer
Shri T. Venkatesh, ,49 ycers), |s en lno|en /om|n|s|re||vc Scrv|cc Ofnccr of 1988 ce|ch of 0| Ceorc. |r|or
|o |hc prcscn| ocpu|e||on es |hc Ch|cf v|¸||encc Ofnccr, |¹|C ||m||co, hc ves !o|n| Sccrc|ery ,v|¸||encc) |n
|cper|mcn| of |crsonnc| eno ¹re|n|n¸ unocr |hc V|n|s|ry of |crsonnc|, |uc||c Gr|cvenccs eno |cns|on.
35
th
Annual Report 2010-2011 22
S. No. Executive Directors
1 /.|. |evc
2 S.|.bencr¦cc
3 |e¦cshver |u||
4 |.|. Sherme
5 /.|. !he
o |.|. Sherme
7 S.C. |enocy
8 G.!. |cshpenoc
9 /. C. Che|urvco|
1O |. S|ve |umer
11 Shereo /neno
12 0mcsh |reseo |en|
13 v|rcnore |umer Gup|e
14 |. |. S|n¸h Geh|ov|
15 |. vcn|e|csveren
1o V.|.v.|. |eo
17 S.| Goc|
18 S.|. Gen¸u|y
19 !eyeocc |enoe
2O Sep|ersh| |oy
21 !eneroen |er
22 V.S. So|n
23 ||ncsh |umer /¸reve|
24 |.C |hup
S. No. General Managers
1 G.|. /¸reve|
2 S.|. |u||e
3 !.|. Vch|e
4 V.S. Chev|e
5 |.|. S||r|
o |.|. Vchro|re
7 /.|. Che||cr¦cc
8 ||ncsh /¸reve|
9 |e|csh |hc|erpe|
1O /.|. Sherme
11 /.|. Voh|noru
12 /shven| Sherme
13 |.|. Sherme
14 S.|. /rye
15 b.|. Son|
1o |.l. S|n¸h
17 /.v. |eo
18 S.!. Sen|er
19 v.|.C. Vohen
2O ¹homes !oscph
21 G.|. Seohu
22 S|veremen |r|shnemur|hy
23 |.|. Sr|ves|eve
24 S.!. Vu|cy
25 |.S. Gercye|
2o S.|. S|n¸h
27 S.|.|. Goc|
28 b.|. Sr|ves|eve
29 |. Sehe
3O |.|. Senoh|r
31 S.C. Gup|e
32 |.|. S|n¸h
33 Sen¸cc| |umer |evc
34 S.|. S|n¸h
35 Shesh| |en¦en,
3o |. |emcsh
37 v.b. |eonev|s
S. No. General Managers
38 /s|m |umer |e|oer
39 /.|. Gup|e
4O /¦|| |umer
41 |.S. |e|hcc
42 |.|. |ehe|c
43 |ushyen| |umer Sooo
44 Gope| |ev|nore
45 |.|. Vohepe|re
4o !.|. S|n¸h
47 /n|| |umer |es|o¸|
48 /. 0pcnore |eo
49 /n|| |umer
5O |reoccp bhes|er bchcrc
51 Gov|noe Chenore V|shre
52 v|noo |umer /¸erve|
53 |rcm |re|esh |e|he|
54 O.|. |horve|
55 Sen|er benoyopeohyey
5o |.S. |eohe|r|shnen
57 v.S. ¹emre|er
58 |en|e¦ bher||ye
59 v|noo |umer |eohe
oO Sen¦ey |umer Sur
o1 lnocr |umer |e¦ocve
o2 ¹. |. |e|he|
o3 |.|. Sr|ves|eve
o4 S.|. !e|n
o5 /.|. Ger¸
oo |em|r|shne |e|
o7 S.|. |e|ne||
o8 S.|. |oy
o9 /run |umer S|nhe
7O |cvesh|s besu
71 Suches|s Ghosh
72 |e¸ccn |umer |o|her|
73 |remoo |umer
74 v. ¹hen¸epeno|en
75 /¦|| |umer bhe|ne¸er
7o Suoh|r /rye
77 Shyeme| |ey
78 G.!cye |re|esh |ereyen
79 Veoen S.v Vohen
8O |.|. Shr|ves|eve
81 /run |re|esh ¹r|vco|
82 |e¦|v |umer !e|n
83 /o¸cnore S|n¸h
84 !e|ven| |csume| Sechocv
85 Ven|| ||||p S|n¸h
8o |emehu¦ V|shre
87 |||ccp Ve|hur
88 |emcsh Cheno
89 |re|esh |er|s|n¸hency
9O /s|| beren |e|ocr
91 Surc |r|shne |cooy
92 |unche|e Srccn|vese |eo
93 |ercens S|n¸h
94 ||||p |umer |uccy
95 |renec |umer bhe||echerye
9o /¦ey |umer /|rce
97 !eoev |e||e
98 Se||nocr |e| S|n¸h
S. No. General Managers
99 |o|henoeremen Srccoher
1OO |.v. /o|verehen
1O1 /run |umer Gup|e
1O2 |cv|| |emen
1O3 Vurer| |reseo S|nhe
1O4 !emcu||n¸em |e¦cnoren
1O5 /|u| Shr|ves|eve
1Oo |re|esh ¹|ver|
1O7 /n|| |umer bense|
1O8 Veno¦ Sexcne
1O9 Vs.G||||e Sh|v
11O |e|csh Semuc|
111 Shr||r|shne Veoheo |herc
112 ¹||e| |e¦ |e||e
113 !e| |re|esh Sr|ves|eve
114 |rev|n |umer Gup|e
115 Vs./runohe|| bhe||echerye
11o |revccn |umer bonor|ye
117 /s|m |umer Semen|e
118 be|e¦| lycn¸er
119 v|pen |umer
Posted in Subsidiary/Joint Venture
Companies and others
S. No. Executive Directors
1 v|shve |oop
2 /n|| |umer /hu¦e
3 O.|. Ve|cn.
4 /rv|no |umer
5 v|noo Sherme
o /n|| |umer /¸reve|
7 Venesh Ser|er
S. No. General Managers
1 b|svene|h Vu|hcr¦cc
2 /nu||em Cheuohur|
3 |ennen |ereyenen
4 /n|| Gup|e
5 C.S. Gup|e
o v|¦ey |emooer |eren¦epc
7 ¹ufen| |em
8 /|u| Goye|
9 |.|. !e|n
1O Syem Sunoer Scn
11 |.|. bhe|ne¸er
12 |heremoes Che|recer|y
13 !enhv| Shen|cr
14 |cvre¦ bhe||echer¦cc
15 Chenocr |re|esh Ve|||
1o |reche| |umer
17 !oscph |ur|en
18 b.|. Gonoc|er
19 Gour|es besu
2O |.S. |eo
21 /.|. S|nhe
22 vcou|e Vohen |eo
23 Se||sh Chenore !he
24 /mer|nocr |umer Ve¸¸u
25 |eze |em Chenore Vur|y
2o |cces|s Ser|er
SENIOR MANAGEMENT TEAM
35
th
Annual Report 2010-2011 23
DIRECTORS’ REPORT
|cer Vcmccrs,
/our ||rcc|ors erc p|cesco |o prcscn| |hc 35
|h
/nnue| |cpor|
eno |hc euo||co eccoun|s for |hc ycer cnoco Verch 31,
2O11.
|ur|n¸ |hc ycer 2O1O-11, your Compeny hes eooco cepec||y
of 2,49O V\ ,|nc|uo|n¸ 5OO V\ |hrou¸h !v) vh|ch |s |hc
h|¸hcs| cvcr |n e ycer s|ncc ||s |nccp||on. /f|cr comm|ss|on|n¸
of onc un|| of ooOV\ e| S|pe| |n !unc 2O11, |hc Compeny
hes cccomc e 34,854 V\ Compeny ,|nc|uo|n¸ 3,3o4 V\
|hrou¸h !v).
1. FINANCIAL RESULTS
Income 2010-11 2009-10
` Crore US $ Mn* ` Crore US $ Mn*
Se|c of |ncr¸y 547O4.55 12O95 4o1o8.o7 1O2O7
Consu||ency 1o9.45 37 153.92 34
O|hcr |ncomc ,lnc|uo|n¸ cncr¸y |n|crne||y consumco) 2525.49 559 2911.29 o44
Total Income 57399.49 12691 49233.88 10885
Expenditure
|uc| 35373.78 7821 294o2.74 o514
|mp|oyccs |cmuncre||on & bcncn|s 2789.71 o17 2412.3o 533
Gcncre||on, /om|n|s|re||on & o|hcr cxpcnscs 2o41 585 2O94.O3 4o3
ln|crcs| 138o.71 3O7 1O7O.9o 237
||nencc cher¸cs 7o2.37 1o8 737.97 1o3
|cprcc|e||on 2485.o9 55O 2o5O.Oo 58o
Total Expenditure 45444.27 10048 38428.12 8496
Pro?t before tax, provisions and prior period adjusts. 11955.22 2643 10805.76 2389
¹ex 2947.O1 o51 2157.2o 477
Pro?t after tax but before provisions and prior period 9008.21 1992 8648.50 1912
|css:
|r|or |cr|oo /o¦us|mcn|s ,|c|) ,1o38.72) ,3o2) ,77.83) ,17)
|rov|s|ons ,|c|) 1544.34 341 ,1.87) -
Net Pro?t after tax 9102.59 2013 8728.20 1929
Appropriations:
¹rensfcr |o bonos |cocmp||on |cscrvc 494.94 1O9 497.78 11O
ln|cr|m ||v|ocno 2473.o3 547 2473.o4 547
|roposco ||v|ocno o59.o3 14o o59.o3 14o
¹ex on ||v|ocno 514.77 114 527.o2 117
¹rensfcr |o Gcncre| |cscrvc 52OO.OO 115O 475O.OO 1O5O
¹rensfcr |o Cep||e| |cscrvc o.87 2 4.97 1
*10S $= ` 45.23 es on Verch 31, 2O11
35
th
Annual Report 2010-2011 24
2. FINANCIAL PERFORMANCE
2.1 Income
¹hc |o|e| |ncomc of your compeny for |hc ycer
|ncrcesco cy 1o.59% |o ` 57,399.49 Crorc from
` 49,233.88 Crorc our|n¸ |hc prcv|ous ycer.
2.2 Pro?t After Tax:
¹hc pron| ef|cr |ex cu| ccforc prov|s|ons eno pr|or
pcr|oo eo¦us|mcn|s |ncrcesco cy 4.1o% |o ` 9OO8.21
Crorc from ` 8o48.5O Crorc. |c| pron| ef|cr |ex
|ncrcesco |o ` 91O2.59 Crorc from ` 8728.2O Crorc
rc¸|s|cr|n¸ e ¸rov|h of 4.29% ovcr |es| ycer.
3. DIVIDEND
3.1 Interim and Final Dividend:
ln eoo|||on |o |n|cr|m o|v|ocno of ` 3.OO pcr cqu||y
sherc pe|o |n |ccruery 2O11, your ||rcc|ors hevc
rccommcnoco e nne| o|v|ocno of ` O.8O pcr cqu||y
sherc for |hc ycer 2O1O-11. ¹hc |o|e| o|v|ocno for |hc
ycer |s ` 3.8O pcr cqu||y sherc of ` 1O/- cech vh|ch |s
cque| |o |hc emoun| of o|v|ocno pe|o |es| ycer. ¹hc
|o|e| o|v|ocno peyou| for |hc ycer emoun||n¸ |o
` 3133.2o Crorc rcprcscn|s 34.42% of |hc pron|s ef|cr
|ex. ¹hc |o|e| o|v|ocno peyou| |nc|uo|n¸ o|v|ocno |ex
eccoun|s for 4O.O8% of pron| ef|cr |ex. ¹hc nne|
o|v|ocno she|| cc pe|o ef|cr your epprove| e| |hc
/nnue| Gcncre| Vcc||n¸. ¹hc o|v|ocno hes cccn
rccommcnoco |n eccoroencc v||h your Compeny's
po||cy of ce|enc|n¸ o|v|ocno peyou| v||h |hc
rcqu|rcmcn| of ocp|oymcn| of |n|crne| eccrue|s for ||s
¸rov|h p|ens.
/our ||rcc|ors cc||cvc |he| ¸rov|h of |hc compeny
|hrou¸h cepec||y eoo|||on, cec|vero eno forvero
|n|c¸re||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 22O.54 b0 of c|cc|r|c||y vh|ch ves 27.19%
,29.18% |nc|uo|n¸ !vs) of |hc |o|e| povcr ¸cncre|co
|n lno|e. ¹hc povcr ¸cncre|co cy |hc compeny hes
rc¸|s|crco en |ncrcesc of O.77% ovcr |hc prcv|ous
ycer's ¸cncre||on of 218.84 b0. /our Compeny
,|nc|uo|n¸ !vs) con|r|cu|co 1o.93% of |hc ¸cncre||on
|ncrcesc |n |hc coun|ry our|n¸ |hc ycer. ¹hc |o|e|
¸cncre||on con|r|cu|co cy coe| s|e||ons |s 195.28 b0
our|n¸ |hc ycer e¸e|ns| ¸cncre||on of 191.2o b0 |es|
ycer rc¸|s|cr|n¸ e ¸rov|h of 2.1%. Gcncre||on from
coe| s|e||on cou|o hevc cccn s|||| h|¸hcr cu| for en
unprcccocn|co ¸cncre||on |oss of 5.94 b0 ouc |o |css
¸r|o ocmeno. ¹hc ¸es s|e||ons hev|n¸ commcrc|e|
cepec||y of 3,955 V\ ech|cvco ennue| ¸cncre||on of
25.2o b0 e| e ||| of 71.77 es e¸e|ns| 27.58 b0 |es| ycer
ouc |o |ovcr ¸r|o ocmeno vh|ch rcsu||co |n ¸cncre||on
|oss of 7.29 b0s. ¹hc evcre¸c eve||ec||||y of ¸es cesco
s|e||ons of |hc ycer ves 92.oO% es comperco |o
94% our|n¸ prcv|ous ycer. ¹hc coe| cesco s|e||ons
of your compeny opcre|co e| evcre¸c ||en| |oeo
|ec|or ,|||) of 88.29% ,|e||one| ||| 75.O8%) eno
evcre¸c /ve||ec||||y |ec|or of 91.o7% on cer our|n¸
|hc ycer. /s on 31.O3.2O11, your Compeny hes en
|ns|e||co coe| cesco cepec||y of 2o,875 V\ cxc|uo|n¸
1,424 V\ from !v |ro¦cc|s. |ur|n¸ |hc ycer, 1O coe|
cesco s|e||ons ou| of 15 ech|cvco morc |hen 9O% |||
|nc|uo|n¸ |hrcc s|e||ons rc¸|s|cr|n¸ ||| ecovc 95%.
/ oc|e||co o|scuss|on on |hc opcre||ons eno
pcrformencc for |hc ycer |s ¸|vcn |n |hc ¨Vene¸cmcn|
||scuss|on eno /ne|ys|s', /nncxurc-l |nc|uoco es e
scpere|c scc||on |o |h|s rcpor|.
5. COMMERCIAL PERFORMANCE
5.1 Realisation of Dues:
|ur|n¸ |hc ycer, your Compeny rce||zco 1OO% peymcn|
of currcn| c|||s re|sco for se|c of povcr for |hc c|¸h|h
succcss|vc ycer. /|| |hc ccncnc|er|cs erc pey|n¸ v||h|n
3O oeys of c||||n¸ cxccp| 0||C|, bS|b eno !S|b vh|ch
erc me||n¸ peymcn| v||h|n |hc pcrm|ss|c|c oO oeys
pcr|oo.
5.2 Rebate Scheme/ One Time Settlement Scheme for
realization of dues:
/n |nnove||vc rcce|c schcmc of prov|o|n¸ |nccn||vc
for cer|y peymcn| cesco on prov|s|one| c||| hes hc|pco
|n ech|cv|n¸ cer|y rce||ze||on of oucs. /|| |hc
ccncnc|er|cs hevc cs|ec||shco eno erc me|n|e|n|n¸
|c||crs of Crco|| ,|C). /s on oe|c, your Compeny hes
mon|h|y |Cs of ` 4383 Crorc. |bl, on cche|f of S|e|c
Govcrnmcn|s, scrv|cco rcocmp||ons ouc on conos
44%
4o%
42%
42%
4O%
38%
38%
3o%
35%
32%
3O28
337o
347O
3oo1
3o48
5O%
45%
4O%
35%
3O%
25%
2O%
15%
1O%
5%
O%
35OO
4OOO
3OOO
25OO
2OOO
15OO
1OOO
5OO
O
||v|ocno lnc|. |ex ||v|ocno ,%) ||v|ocno |eyou| ,%)
2OOo-O7 2OO7-O8 2OO8-O9 2OO9-1O 2O1O-11
Dividend Payout: 40% of Net pro?t
P
e
r
c
e
n
t
a
g
e
Year
`

C
r
o
r
e
35
th
Annual Report 2010-2011 25
eno he|f-ycer|y |n|crcs| |ns|e||mcn|s on conos |n ||mc
es pcr Onc ¹|mc Sc|||cmcn| Schcmc. ¹hc me||cr of
sccur|||ze||on of ou|s|eno|n¸ oucs emoun||n¸ |o
` 131O.83 Crorc pcr|e|n|n¸ |o ||S0 pcr|oo peyec|c cy
Govcrnmcn| of |C¹ of |c|h| |s unocr ec||vc
cons|ocre||on cy |hc V|n|s|ry of |ovcr.
5.3 Power Purchase Agreements:
/our Compeny heo s|¸nco |ovcr |urchesc /¸rccmcn|s
,||/s) for 49OOO V\ cepec||y our|n¸ |hc ycer.
Govcrnmcn| of lno|e ,Gol) hes |ssuco en orocr for
e||oce||on of 5O% povcr |o |omc S|e|cs on 17.O1.2O11
for 14 upcom|n¸ pro¦cc|s of your Compeny. Gol hes
e||oce|co 75V\ cech from |ere||e lll ,5OO V\) eno
|orce lll ,5OOV\) for se|c ou|s|oc |on¸ |crm ||/. l|
hes |ssuco Schcmc for prov|s|on of supp|y of c|cc|r|c||y
|n 5 |m erce erouno Ccn|re| |ovcr ||en|s on 27.O4.2O1O.
29 s|e||ons eno pro¦cc|s of your Compeny hevc cccn
|ocn||nco for |h|s purposc eno |mp|cmcn|e||on of |hc
schcmc |s unocr pro¸rcss.
5.4 Commercial Capacity:
¹hc fo||ov|n¸ un||s vcrc occ|erco commcrc|e| our|n¸
|hc ycer 2O1O-11, eoo|n¸ 1oOO V\ |o commcrc|e|
cepec||y of your Compeny:
Project / Unit Capacity
(MW)
COD*
|eor| , 0n||#o 49O 31.O7.2O1O
Vuzefferpur**, 0n||#1 11O 15.1O.2O1O
!he¦¦er***, 0n||#1 5OO O5.O3.2O11
|orce , 0n||#7 5OO 21.O3.2O11
Total 1600
* CO|- Commcrc|e| Opcre||on |e|c
** ln !o|n| vcn|urc v||h b|her S|e|c ||cc|r|c||y boero.
*** ln ¦o|n| vcn|urc v||h l|GC|| eno ||GC|.
5.5 Determination of Tariff:
/our Compeny hes n|co |er|ff pc||||ons for |hc nvc-ycer
pcr|oo s|er||n¸ 1.4.2OO9 ccforc C||C for e|| s|e||ons |n
eccoroencc v||h |hc C||C ,¹crms eno Cono|||ons of
¹er|ff) |c¸u|e||ons, 2OO9. |cno|n¸ nne| orocrs, C||C
hes |ssuco prov|s|one| |er|ff orocrs for 2o s|e||ons of
your Compeny for |hc pcr|oo 2OO9-2O14.
5.6 Strengthening Customer Relationship:
Cus|omcr |c|e||onsh|p Vene¸cmcn| ,C|V) |n|||e||vc
hes cccn |e|cn cy your compeny |overos s|rcn¸|hcn|n¸
rc|e||onsh|p v||h our cus|omcrs. 0nocr |h|s, rc¸u|er
s|ruc|urco |n|crec||on v||h cus|omcrs |e|cs p|ecc
rc¸u|er|y for sher|n¸ of fccocec|s /cxpcr|cnccs /
cxpcc|e||ons. ¹hcsc mcc||n¸s prov|oc e p|e|form for
morc |n|crec||on eno sher|n¸ of cxpcr|cnccs for mu|ue|
ccncn|s. 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||cc on e ces|s of
mu|ue|||y. bcs|ocs, your Compeny e|so or¸en|zco
|c¸|one| Cus|omcr Vcc|s, S|e|c spcc|nc bus|ncss
|er|ncr Vcc|s eno G||COs Vcc|s for cc||cr |n|crec||on
eno sher|n¸ of cxpcr|cncc. S|er||n¸ from 2OO8-O9,
|¹|C hes ro||co ou| e Cus|omcr Se||sfec||on lnocx
,CSl) for ¸e|hcr|n¸ cus|omcrs' fccocec| eno
rcspono|n¸ |o |hc|r rcqu|rcmcn|. ¹h|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 cus|ncss
|mpcre||vcs.
6. INSTALLED CAPACITY
|ur|n¸ |hc ycer 2O1O-11, your Compeny eooco 249O
V\ oc|e||co es unocr:
Project / Unit Capacity (MW)
NTPC owned
|eor| ,0n||#o 49O
|orce ,0n||#7 5OO
S|mheor| ,0n||#3 5OO
|ere||e ,0n||#o 5OO
Under JVs
!he¦¦er ,0n||#1 5OO
Net addition 2,490
6.1 Installed Capacity of NTPC Group:
¹hc |o|e| |ns|e||co cepec||y of |hc |¹|C Group hes
|ncrcesco from 31,7O4 V\ e| |hc cno of nnenc|e| ycer
2OO9-1O |o 34,194 V\ e| |hc cno of nnenc|e| ycer
2O1O-11 es |ecu|e|co cc|ov:
Owned by NTPC Capacity (MW)
Coe| cesco pro¦cc|s 2o,875
Ges cesco pro¦cc|s 3,955
Sub-total 30,830
Joint Ventures & Subsidiaries
Coe| cesco pro¦cc|s 1,424
Ges cesco pro¦cc|s 1,94O
Sub-total 3,364
Total 34,194
|ur|hcr ooO V\ of S|pe| 0n||#1 ves eooco |n !unc
2O11, |hcrccy |ncrces|n¸ |hc |o|e| |ns|e||co cepec||y |o
34,854 V\.
7. CAPACITY ADDITION PROGRAM
¹overos ||s ¦ourncy |o cccomc |hc vor|o's |er¸cs|
eno ccs| povcr proouccr, your compeny hes
cmcer|co upon en emc|||ous cepec||y eoo|||on
pro¸rem so es |o hevc en |ns|e||co cepec||y of 128G\
cy 2O32. /our Compeny hes eoop|co e mu|||-pron¸co
35
th
Annual Report 2010-2011 2o
¸rov|h s|re|c¸y vh|ch |nc|uocs cepec||y eoo|||on
|hrou¸h ¸rccn nc|o pro¦cc|s, crovn nc|o cxpens|ons,
¦o|n| vcn|urcs eno ecqu|s|||ons. ln eoo|||on |o fur|hcr|n¸
cepec||y eoo|||on |hrou¸h Coe| / Ges cesco |hcrme|
povcr pro¦cc|s, your compeny hes cccn pursu|n¸
cnhenccmcn| of ||s povcr ¸cncre||on por|fo||o
|hrou¸h |yoro, |cncvec|c |ncr¸y eno |uc|cer cncr¸y
pro¦cc|s.
/| prcscn| 1,32O V\ |yoro cepec||y |s unocr
|mp|cmcn|e||on |o¸c|hcr v||h 291 V\ unocr c|oo|n¸.
ln ||s cnocevor |overos Grccncr |ovcr, your Compeny
p|ens |o eoo erouno 1OOO V\ from |cncvec|c |ncr¸y
Sourccs cy 2O17.
7.1 Projects under Implementation
/s on 31.O3.2O11, /our Compeny's ver|ous pro¦cc|s
hev|n¸ e¸¸rc¸e|c cepec||y of 14,748 V\ |nc|uo|n¸
3,89O V\, cc|n¸ unocr|e|cn cy !o|n| vcn|urc
compen|cs, erc unocr cons|ruc||on, es oc|e||co cc|ov:
Name of the Project Capacity
(MW)
I. Project under NTPC Ltd
A. Coal Based Projects
1. S|pe|-l 198O *
2. berh-l 198O
3. S|mheor|-ll 5OO
4. bon¸e|¸eon-l 75O
5. Veuoe-l 1OOO
o. berh-ll 132O
7. ||heno-lll 1OOO
8. v|nohyeche|-lv 1OOO
Sub Total (A) 9530
B. Hydro Electric Power Projects (HEPP)
9. |o|oem 8OO
1O. ¹epoven v|shnu¸eo 52O
Sub Total(B) 1320
C. Renewable Projects
11. S|n¸reu|| C\ |||| 8
Sub Total (C) 8
Total I (A)+(B)+(C) 10,858
II Projects under JVs
Coal Based Projects
12. !he¦¦er- !v v||h ||GC| & l|GC| 1OOO
13. ve||ur ÷ !v v||h ¹||b 15OO
14. |ec|ne¸er- !v v||h |e||veys 1OOO
15. Vuzefferpur |xpens|on ,V¹|S)÷
!v v||h bS|b
39O
Total II 3890
Total On-Going Projects (I)+(II) 14,748
* ooO V\ of S|pe| 0n||#1 comm|ss|onco on 28.Oo.2O11
7.2 New Projects
/our Compeny e| prcscn| hes |nv||co c|os for Ve|n
p|en| pec|e¸cs, for 18,O51 V\ cepec||y ,14,4oO V\
|¹|C ovnco eno 3,591 V\ |hrou¸h ||s !vs eno
Sucs|o|er|cs). |or mos| of |hc ncv pro¦cc|s, your
Compeny |s ¸o|n¸ for sc|||n¸ up Supcr Cr|||ce| un||s of
ooO / 8OO V\ vh|ch hevc h|¸hcr cfnc|cncy eno erc
e|so cnv|ronmcn| fr|cno|y. ¹overos |h|s cno, your
compeny hes |nv||co c|os unocr bu|| |cnocr|n¸ for
5,94O V\ cepec||y |hrou¸h 9 un||s of ooO V\ eno
7,2OO V\ cepec||y |hrou¸h 9 un||s of 8OO V\
rcspcc||vc|y. be|encc 4911 V\ cepec||y, eper| from
ooOV\ un||s |s cnv|se¸co |hrou¸h coe| cesco, Ges
cesco, |yoro eno |cncvec|c |ncr¸y pro¦cc|s.
/our Compeny hes e|so |e|cn up s|uo|cs / prcpere||on
of |ces|c||||y |cpor|s eno |s pursu|n¸ s|e|u|ory
c|cerenccs for ver|ous o|hcr pro¦cc|s |o cc |e|cn up |n
fu|urc oncc |hc|r v|ec||||y |s cs|ec||shco.
ln orocr |o mcc| |hc fu|urc che||cn¸cs 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 ¹cchno|o¸y |oeomep up |o 2O32
vh|ch |nvo|vcs 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. Somc of
|hc |cchno|o¸|cs vh|ch your Compeny hes |er¸c|co
|nc|uoc sc|||n¸ up of coe| nrco un||s v||h 0||re
Supcrcr|||ce| |eremc|crs, cs|ec||shmcn| of lno|en Coe|
besco Ges|ncr & Ges C|cen|n¸ Sys|cm for lGCC.
|¹|C hes eoop|co ver|ous |cchno|o¸|cs |||c un||s v||h
eovencco s|cem peremc|crs for |mprov|n¸ cfnc|cncy
ovcr |he| of convcn||one| 5OOV\ suc-cr|||ce| p|en|s.
|or |hc ncv suc-cr|||ce| 5OO V\ 0n||s, rchce|
|cmpcre|urc hes cccn |ncrcesco |o 5o5 oc¸rcc
Ccn||¸reoc rcsu|||n¸ |n ecou| O.7% ¸e|n |n cfnc|cncy.
¹hc Compeny |s e|so eoop||n¸ |cchno|o¸|cs |||c nuc
¸es ocsu|phur|ze||on, emmon|e nuc ¸es cono|||on|n¸
sys|cm, eovencco ous| co||cc||on |cchno|o¸y, h|¸h
cfnc|cncy mo|ors, cncr¸y cfnc|cn| ||¸h||n¸ sys|cm,
p|en| C&l nc|vor| Sccur||y Sys|cm c|c.
7.3 Project Management – A New Approach
/our Compeny cc||cvcs |he| |n orocr |o ech|cvc ||s
emc|||ous cepec||y eoo|||on |er¸c|s, || hes |o cu||o on
||s cepec|||||cs eno |cvcre¸c ||s cxpcr||sc |n povcr
pro¦cc| cxccu||on. /ccoro|n¸|y, || hes rcv|sco ||s
oc|c¸e||on of povcrs eno hes cmpovcrco ||s rc¸|ons
eno pro¦cc|s |o cnec|c fes|cr occ|s|on me||n¸. /our
Compeny hes e|rceoy cs|ec||shco e s|e|c-of-|hc-er| l¹
cnec|co |ro¦cc| Von||or|n¸ Ccn|rc ,|VC) for fec||||e||n¸
fes| |rec| pro¦cc| |mp|cmcn|e||on. |VC hes somc
eovencco fce|urcs |||c \cc-cesco V||cs|onc
35
th
Annual Report 2010-2011 27
Von||or|n¸ Sys|cm ,\ccm||cs), |ro¦cc| |cv|cv eno
ln|crne| Von||or|n¸ Sys|cm ,||lVS), |n|crpr|sc-v|oc
lssucs ¹rec||n¸ Sys|cm c|c. ¹hc |VC fec||||e|cs
mon||or|n¸ of |cy pro¦cc| m||cs|oncs eno e|so ec|s es
|cc|s|on Suppor| Sys|cm for |hc mene¸cmcn|. |ce|urcs
|||c SVS cesco |nforme||on |c||vcry, |ce| ||mc v|oco
Cep|urc, S|ore¸c & |c|r|cve| |ec||||y eno v|oco
Confcrcncc |ec||||y erc cx|cns|vc|y u||||zco for pro¦cc|
|rec||n¸, rcso|u||on of |ssucs eno mene¸cmcn|
|n|crvcn||ons.
7.4 Capacity addition through Subsidiaries and Joint
Ventures (JVs)
bcs|ocs eoo|n¸ cepec|||cs on ||s ovn, your Compeny
p|ens |o eoo cepec|||cs |hrou¸h somc of ||s sucs|o|er|cs
eno ¦o|n| vcn|urcs. ¹hc oc|e|| of !v Compen|cs/
Sucs|o|er|cs e|on¸ v||h oc|e||s of !o|n| vcn|urc per|ncrs
for eoo|||on of coe| cesco cepec||y |s es unocr:
Name of
Company
JV Partner Details
|S|C|
,|¹|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 e|
|ur¸epur ,12O V\),
|our|c|e ,12O V\) eno
bh||e| S|cc| ||en| ,74
V\). 2×25O V\ un||s
hevc cccn eooco e|
bh||e|
|¹|C|
,|¹|C ¹em||
|eou
|ncr¸y Co.
||o.)
¹em|| |eou
||cc|r|c||y
boero,¹||b)
/ 5O:5O !vC |s
|mp|cmcn||n¸
3x5OOV\ coe| cesco
povcr pro¦cc| e| ve||ur,
¹em||neou for vh|ch
cons|ruc||on ec||v|||cs e|
s||c erc unocr pro¸rcss.
/|C||
,/reve||
|ovcr
Compeny
|v|. ||o.)
lnorepres|he
|ovcr
Gcncre||on
Co ||o.
,l|GC|) eno
|eryene
|ovcr
Gcncre||on
Co ||o.
,||GC|).
¹h|s !vC |s sc|||n¸ up e
coe| cesco lno|re
Genoh| Supcr ¹hcrme|
|ovcr |ro¦cc| cons|s||n¸
of 3 un||s of 5OOV\
cech. |¹|C, l|GC| eno
||GC| hevc con|r|cu|co
cqu||y |n |hc re||o of
5O:25:25. 0n||#1 of
5OOV\ hes cccn
occ|erco commcrc|e|
on O5.O3.2O11 eno
cons|ruc||on eno
crcc||on ec||v|||cs erc
unocr pro¸rcss for o|hcr
|vo un||s of |hc p|en|.
b|bC|
,bher||ye
|e|| b|¦|cc
Compeny
||o.)
V|n|s|ry of
|e||veys
/ sucs|o|ery of |¹|C,
formco es e !vC 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 pro¦cc| of
1OOO V\ ,4×25OV\)
cepec||y e| |ec|ne¸er
|n b|her. Cons|ruc||on
vor| |s unocr pro¸rcss
on s||c.
V0|||
,Vc¦e 0r¦e
||¸em |v|.
||o.)
0||er
|reocsh
|e¦ye v|ou|
0|peoen
||¸em ||o.
,0||v0||)
/ 5O:5O !vC formco
for sc|||n¸ up 132O
,2×ooOV\) coe|
cesco povcr pro¦cc|
|n |hc s|e|c 0||er
|reocsh. lnfres|ruc|urc
ocvc|opmcn| ec||v|||cs
erc |n pro¸rcss.Ve|n
p|en| c|os erc unocr
cve|ue||on
|b0||
,|en||
b|¦|cc
0|peoen
||¸em
||o.)
b|her S|e|c
||cc|r|c||y
boero
,bS|b)
/ sucs|o|ery of |¹|C
formco es e !vC v||h
bS|b, |oo| ovcr V¹|S
hev|n¸ 2 un||s of 11O
V\ cech from bS|b.
¹hc cqu||y of |¹|C |n
|h|s sucs|o|ery |s o4.57
%. 0n||#2 |s
opcre||one| s|ncc
!enuery 2OO8.
|cnove||on eno
Voocrn|ze||on of 0n||
#1 |s unocr pro¸rcss.
¹hc !vC hes |e|cn up
cxpens|on of |hc
s|e||on cy eoo|n¸ 2
un||s of 195 V\ cech
for vh|ch me|n p|en|
eno c|v|| vor|s hes
cccn everoco eno
o|hcr pec|e¸cs v||| cc
everoco soon.
||GC|
,|ec|ne¸er
|ovcr
Gcncre||n¸
Compeny
|v|.||o.)
b|her S|e|c
||cc|r|c||y
boero
/ 5O:5O !vC for sc|||n¸
up eno opcre||on of e
3xooO V\ Coe| cesco
p|en| e| |ec|ne¸er.
Ve|n p|en| c|os erc
unocr cve|ue||on
35
th
Annual Report 2010-2011 28
|G|||
,|e|ne¸|r|
Ges eno
|ovcr |v|.
||o.)
G/l|, lClCl,
Sbl, l|bl,
Cenere ben|
eno VS|b
|o|o|n¸ Co.
/ !vC cc|vccn |¹|C,
G/l|, VS|b ho|o|n¸ Co.
eno lno|en |ls. |¹|C |s
hev|n¸ e s|e|c of
3O.17%. /|| |hc |hrcc
|ovcr b|oc|s v||h e
comc|nco cepec||y of
194O V\ erc |n
commcrc|e| opcre||on
eno ||G |crm|ne| |s
mcchen|ce||y comp|c|c
eno eve|||n¸
comp|c||on of orco¸|n¸
vor| for rccc|p| of ||G
eno comm|ss|on|n¸.
/S|vl|l
,/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 |¹|C hev|n¸ 49%
cqu||y. ¹hc compeny hes
cccn formco for sc|||n¸
up nuc|cer povcr
pro¦cc| ,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.
Other Initiatives:
/our Compeny hes s|¸nco VO0 v||h Govcrnmcn| of
|un¦ec eno |un¦ec |ovcr Corpore||on ||m||co |o sc|
up 2o4OV\ povcr pro¦cc| e| G|oocrcehe |n |hc S|e|c
of |un¦ec.
/no|hcr VO0 hes cccn s|¸nco v||h Govcrnmcn| of
Veohye |reocsh eno V| ¹reocco ||m||co |o sc| up
39oO V\ povcr pro¦cc| e| berc|h|, ||s||. Chhe|erpur,
Veohye |reocsh.
/our Compeny hes e|so s|¸nco VO0 v||h V|n|s|ry of
|e||veys |o sc| up 132O V\ povcr p|en| e| /ore,
\cs| bcn¸e|.
7.5 Hydro Power
7.5.1 /our Compeny |s e|so sc|||n¸ up sme|| eno mco|um
s|zco hyoro pro¦cc|s |hrou¸h ||s vho||y ovnco
sucs|o|ery |¹|C |yoro ||m||co ,|||). ¹vo such
pro¦cc|s unocr ocvc|opmcn| erc:
Project Location Capacity
|e|e ¹epoven 0||ere|heno 171 V\
|emmem-lll \cs| bcn¸e| 12O V\
7.5.2 /our Compeny's |yoro |n¸|nccr|n¸ Group |s
prov|o|n¸ prc-evero cn¸|nccr|n¸ suppor| |o |hc
ecovc pro¦cc|s. l| |s e|so prov|o|n¸ oc|e||co
cn¸|nccr|n¸ suppor| |o |o|oem ,4×2OOV\) eno
¹epoven v|shnu¸eo ,4×13OV\) |yoro-c|cc|r|c
|ovcr |ro¦cc|s.
7.5.3 |ur|hcr, |n pursuencc of Vcmorenoum of /¸rccmcn|
s|¸nco v||h Gov|. of V|zorem, |c|e||co |ro¦cc|
|cpor| of |o|ooync |||| ,4×115V\) prcperco cy
Ccn|re| \e|cr Comm|ss|on for Gov|. of V|zorem eno
upoe|co cy |¹|C hes cccn sucm|||co |o C|/ for
eccoro of ¹cchno-|conom|c Concurrcncc ,¹|C).
C|/ |n ||s 3Oo
|h
mcc||n¸ cons|ocrco |hc pro¦cc|
propose| for eccoro of concurrcncc on O7.Oo.11.
|orme| commun|ce||on from C|/ |s eve||co
7.5.4 /our Compeny hes cccn ess|¸nco |hc ¦oc of
prcpere||on of |c|e||co |ro¦cc| |cpor| ,|||) for
/mochhu |cscrvo|r |yoro-c|cc|r|c |ro¦cc| ,o2OV\)
|n bhu|en. Survcy eno lnvcs||¸e||on for ||| |s |n
pro¸rcss eno ||| |s schcou|co |o cc comp|c|co cy
Scp|cmccr 2O11.
8. STRATEGIC DIVERSIFICATION- INCREASING SELF-
RELIANCE
8.1 ln orocr |o s|rcn¸|hcn ||s compc||||vc eoven|e¸c |n
povcr ¸cncre||on cus|ncss, your Compeny e|so
p|ens |o o|vcrs|fy ||s por|fo||o |o cmcr¸c es en
|n|c¸re|co povcr me¦or, v||h prcscncc ecross cn||rc
cncr¸y ve|uc che|n |hrou¸h cec|vero eno forvero
|n|c¸re||on |n|o erces such es coe| m|n|n¸,
menufec|ur|n¸ ec||v|||cs, povcr |reo|n¸, o|s|r|cu||on,
c|c.
bus|ncss oppor|un|||cs erc cc|n¸ con||nuous|y
cxp|orco |hrou¸h mer|c| scenn|n¸ eno ncv cus|ncss
p|ens erc eoop|co eccoro|n¸|y.
¹hc oc|e||s of ¦o|n| vcn|urc compen|cs |e||n¸ up
ec||v|||cs |n o|hcr scc|ors |s es unocr:
Name of
Company
JV Partner Activities
undertaken
0||
,0|||||y
|ovcr|cch
||o.)
|c||encc
lnfres|ruc|urc
||m||co
¹e|cs up
ess|¸nmcn|s of
cons|ruc||on,
crcc||on eno
supcrv|s|on of
povcr scc|or eno
o|hcr scc|ors |||c
O&V scrv|ccs, ||/
s|uo|cs, povcr
o|s|r|cu||on, non-
convcn||one|
pro¦cc|s.
35
th
Annual Report 2010-2011 29
|/S|
,|¹|C
/|S¹OV
|ovcr
Scrv|ccs
|v| ||o.)
/|S¹OV
|ovcr
Gcncre||on
/G
¹e|cs up rcnove||on
eno moocrn|ze||on
ess|¸nmcn|s of
povcr p|en|s co|h
|n lno|e eno |n
S//|C coun|r|cs.
||S|
,|ncr¸y
|fnc|cncy
Scrv|ccs
||o.)
||C, |GCl|
eno ||C
¹hc Compeny ves
formco on
|cccmccr 1O, 2OO9
for |mp|cmcn|e||on
of |ncr¸y |fnc|cncy
pro¦cc|s.
|||¹|
,|e||one|
||¸h |ovcr
¹cs|
|ecore|ory
|v|. ||o.)
|||C, |GCl|
eno |vC
¹hc 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|. |ncr¸y
/uo|| con|rec|s hevc
cccn rccc|vco from
ver|ous S|e|c Gov|s.
|||×
,|e||one|
|ovcr
|xchen¸c
||o.)
|||C, ||C
¹CS, |||C,
bS|, l|Cl,
Vccne|sh|,
||SC
¹hc Compeny ves
formco |o fec||||e|c,
promo|c, ess|s|,
rc¸u|e|c eno mene¸c
ne||on v|oc |reo|n¸
of e|| forms of
||cc|r|ce| cncr¸|cs
eno e|so |o sc|||c
¹reocs |n e
|renspercn| fe|r eno
opcn menncr. by-
|evs of |xchen¸c
sucm|||co cy |||×
|o C||C on
3O.O3.2O11
8.2 ln orocr |o s|rcn¸|hcn ||s compc||||vc eoven|e¸c |n
povcr ¸cncre||on cus|ncss, |hc Compeny hes
o|vcrs|nco |n|o |hc erce of menufec|ur|n¸ |hrou¸h |hc
fo||ov|n¸ ¦o|n| vcn|urcs:
8.2.1 NTPC-BHEL Power Projects Pvt. Limited (NBPPL), e
¦o|n| vcn|urc of your Compeny v||h b|||,
|ncorpore|co on /pr|| 28, 2OO8 for |e||n¸ up ec||v|||cs
of |n¸|nccr|n¸, procurcmcn| eno cons|ruc||on of
povcr p|en|s eno menufec|ur|n¸ of cqu|pmcn|s, hes
ecqu|rco 75O ecrcs of |eno e| Venneverem |n /nohre
|reocsh. Cons|ruc||on e| s||c |s |n pro¸rcss. ¹hc
Compeny hes ce¸¸co |vo con|rec|s for ||C eno
be|encc of ||en| for |e|e|ene Comc|nco Cyc|c |ovcr
||en| |n ¹r|pure eno |emrup Comc|nco Cyc|c |ovcr
p|en| from b||| on nom|ne||on ces|s. /our Compeny
|s e|so nc¸o||e||n¸ v||h |b||| for evero of ||C
con|rec| for 0ncheher S|e¸c-lv ,5OOV\). |b||| |s
e|so cxp|or|n¸ |cchno|o¸y ||c-up for Coe| |eno||n¸
||en| eno /sh |eno||n¸ ||en|.
8.2.2 /no|hcr ¦o|n| vcn|urc Compeny, BF-NTPC Energy
Systems Limited ves |ncorpore|co v||h bhere| |or¸c
||m||co on !unc19, 2OO8 |o menufec|urc ces||n¸s,
for¸|n¸s, n|||n¸s eno h|¸h prcssurc p|p|n¸ rcqu|rco
for povcr pro¦cc|s eno o|hcr |nous|r|cs. |eno
ecqu|s|||on for cs|ec||sh|n¸ menufec|ur|n¸ p|en| e|
Sho|epur, Veheresh|re |s |n pro¸rcss. bus|ncss/
¹cchn|ce| e|||enccs for |cy proouc| ||ncs erc cc|n¸
ec||vc|y pursuco.
8.2.3 /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. ¹hc Compeny
oce|s |n menufec|ur|n¸ eno rcpe|r of |ovcr
¹rensformcrs. ¹hc Compeny p|ens |o eu¸mcn| |hc
cx|s||n¸ cepec||y |o oOOOVv/. |or cxpens|on eno
up¸reoe||on of |hc fec||||y, |cchno|o¸y ||c-up |s cc|n¸
pursuco.
8.2.4 /per| from |hc ecovc |n|||e||vcs, e sucs|o|ery of your
Compeny nemc|y |¹|C ||cc|r|c Supp|y Compeny
||m||co, hes commcncco cus|ncss of o|s|r|cu||on of
povcr |hrou¸h ||s !vC nemc|y KINESCO Power and
Utilities Private Limited, formco v||h |l|||/.
||cesc rcfcr |o ¨Vene¸cmcn| ||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.
9. GLOBALISATION INITIATIVES
9.1 /our Compeny hes nne||zco !o|n| vcn|urc /¸rccmcn|
eno |ovcr |urchesc /¸rccmcn| v||h Ccy|on
||cc|r|c||y boero for sc|||n¸ up e 2×25OV\ Coe|
besco |ovcr |ro¦cc| |n ¹r|ncome|cc, Sr| |en|e. !o|n|
vcn|urc Compeny v||h cque| cqu||y per||c|pe||on
she|| cc |ncorpore|co es soon es ccr|e|n |ssucs erc
rcso|vco v||h Govcrnmcn| of Sr| |en|e.
9.2 /our Compeny hes e|so sucm|||co oref| |ces|c||||y
|cpor| ,||) of 132OV\ Coe| besco |hu|ne |ovcr
|ro¦cc| |o ben¸|eocsh |ovcr |cvc|opmcn| boero
,b||b). || vou|o cc nne||zco ef|cr b||b cerr|cs ou|
|hc coe| sourc|n¸ s|uoy.
9.3 !o|n| vcn|urc /¸rccmcn| hes e|so cccn nne||zco eno
epprovco cy |¹|C boero for ocvc|op|n¸ e 132O V\
coe| cesco povcr pro¦cc| v||h b||b v||h cque|
cqu||y per||c|pe||on. ¹hc semc hes cccn forveroco
|o b||b for epprove| e| |hc|r cno.
10. FINANCING OF NEW PROJECTS
¹hc cepec||y eoo|||on pro¸rems she|| cc nnencco
35
th
Annual Report 2010-2011 3O
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 pro¦cc|s. G|vcn ||s |ov ¸cer|n¸ eno s|ron¸ crco||
re||n¸s, your Compeny |s vc|| pos|||onco |o re|sc |hc
rcqu|rco corrov|n¸s.
/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|
e¸cnc|cs |o moc|||zc |hc occ| rcqu|rco for |hc
p|ennco cepec||y cxpens|on pro¸rem.
|ur|n¸ |hc ycer 2O1O-11, your Compeny hes ||co up
|oens of ` 3,479 crorc |nc|uo|n¸ |oen of ` 2,OOO crorc
from |0|CO ||o. eno ` 1,OOO crorc from |||C ben|
||m||co for per| funo|n¸ of occ| rcqu|rcmcn| |n
rcspcc| of cepcx for ncx| |hrcc ycers. ln eoo|||on,
|oens emoun||n¸ |o ` 479 crorc hevc e|so cccn ||co
v||h o|hcr cen|s |o fu|n|| |hc occ| rcqu|rcmcn| for
ncx| |hrcc ycers.
/our Compeny hes cn|crco |n|o ¹crm |oen /¸rccmcn|
v||h S|e|c ben| of lno|e on O7.O7.2O11 for ` 1O,OOO
crorc for nnenc|n¸ |¹|C's On¸o|n¸ Cep||e|
|xpcno||urc for ver|ous povcr ¸cncre||on pro¦cc|s
|nc|uo|n¸ rcnove||on/ moocrn|ze||on of cx|s||n¸
povcr p|en|s.
bonos emoun||n¸ |o ` 72O crorc vcrc re|sco from
oomcs||c mer|c| for nnenc|n¸ |hc cep||e| cxpcno||urc
eno rcnnenc|n¸ of |hc |oens.
/our Compeny re|sco 0S| 5OO m||||on scn|or
unsccurco nxco re|c 1O ycer conos unocr ||s 0S|
Onc b||||on V¹| pro¸remmc our|n¸ !u|y 2O11. ¹hc
conos cerry e coupon of 5.o25% p.e. peyec|c scm|-
ennue||y eno erc ouc for me|ur||y |n !u|y 2O21.
11. FIXED DEPOSITS
¹hc cumu|e||vc ocpos||s rccc|vco cy your Compeny
from 244 ocpos||ors es e| Verch 31, 2O11 s|ooo e|
` 13.2o Crorc. |ur|hcr, en emoun| of ` O.19 Crorc hes
no| cccn c|e|mco on me|ur||y cy 22 ocpos||ors es on
|he| oe|c.
12. FUEL SECURITY
12.1 Diversi?ed Fuel Mix
/||hou¸h coe| v||| rcme|n |hc me|ns|ey for eoo|n¸
¸cncre||on cepec||y ov|n¸ |o ||s ecunoen| rcscrvcs
|n |hc coun|ry, your Compeny |s pro¸rcss|vc|y
o|vcrs|fy|n¸ ||s fuc| m|x |o |ncrcesc |hc sherc of non-
foss|| fuc| v||h e v|cv |o promo|c sus|e|nec|c cncr¸y
ocvc|opmcn| eno fur|hcr rcoucc CO
2
|n|cns||y of
povcr ¸cncre||on.
12.1.1 Coal Supplies
|ur|n¸ |hc ycer, your Compeny hes s|¸nco e 2O ycers
|uc| Supp|y /¸rccmcn| v||h SCC| for supp|y of
1O.O2VV¹ coe| |o |eme¸unoem ,21OOV\), eno hes
cn|crco |n|o c||e|cre| ||c-ups v||h |es|crn Coe|nc|os
||m||co for 2.5VV¹ eno v||h SCC| for supp|y of 5.O
VV¹ of coe| e| e mu|ue||y e¸rcco pr|cc.
/our Compeny hes e|so cn|crco |n|o en /¸rccmcn|
v||h S¹C for supp|y of 12VV¹ |mpor|co coe| from
|hc ||nenc|e| /cer 2O11-12.
|ur|n¸ |hc ycer 2O1O-11, your Compeny rccc|vco
137.3 VV¹ of coe| es e¸e|ns| 13o.2 VV¹ |n |hc
prcv|ous ycer. ¹o|e| |mpor| our|n¸ 2O1O-11 ves
1O.5oVV¹ es e¸e|ns| o.3VV¹ |n 2OO9-1O.
12.1.2 Sourcing of coal through E-auction
|or supp|cmcn||n¸/s|rcn¸|hcn|n¸ |hc coe| supp|y
che|n for |ere||e eno |ehe|¸eon, your Compeny e|so
procurco coe| ,O.O8 VV¹) |hrou¸h |-euc||on.
12.2 Gas supplies
|ur|n¸ |hc ycer 2O1O-11, your Compeny rccc|vco
13.77 VVSCV| of ¸es/|||G es e¸e|ns| 13.88
VVSCV| rccc|vco our|n¸ 2OO9-1O. ¹hc ¸es off-|e|c
|n 2O1O-11 |nc|uocs 9.OO VVSCV| /|V/ |V¹ ¸es,
2.8o VVSCV| |||G eno 1.91 VVSCV| of |G |o
ces|n ¸es.
/our Compeny rcncvco /|V ¸es e¸rccmcn|s up |o
|hc ycer 2O21 eno |V¹ ¸es e¸rccmcn|s up |o |hc ycer
2O19 for ||s ¸es s|e||ons. ¹hc |on¸-|crm |||G supp|y
e¸rccmcn| v||h G/l| |s ve||o |||| 2O19. |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|
& |er|oeceo, 2.3O VVSCV| hes e|rceoy cccn ||co
up. ¹hc ce|encc 2.1o VVSCV| |G |o ¸es |s unocr
nc¸o||e||on.
/our compeny hes cccn me||n¸ erren¸cmcn|s for ||c-
up/ supp|y of spo| |||G/ |e||cec| |||G from
oomcs||c supp||crs on 'rcesonec|c cnocevour' ces|s
cesco on rcqu|rcmcn|/ eve||ec||||y from ||mc |o
||mc.
12.3 Development of Coal Mining projects
/our Compeny hes cccn e||oce|co s|x coe| c|oc|s cy
|hc Govcrnmcn| of lno|e. |ur|hcr, brehm|n| coe| c|oc|
,|nc|uo|n¸ Ch|chro-|e|s|me|) hes cccn e||oce|co for
¦o|n| opcre||on cy Coe| lno|e ||m||co & |¹|C. /||
|hcsc m|n|n¸ c|oc|s |o¸c|hcr hevc e proouc||on
po|cn||e| of morc |hen 73 m||||on |onncs pcr ennum.
/our Compeny hes eppo|n|co ¹h|css V|nccs lno|e
|r|ve|c ||m||co es V|nc |cvc|opcr cum Opcre|or for
35
th
Annual Report 2010-2011 31
|e|r| berveo|h Coe| V|n|n¸ |ro¦cc|.
|chec||||e||on /c||on ||ens ,|/|) for |hcsc coe| c|oc|s hevc cccn prcperco |n essoc|e||on v||h ||s|r|c| /om|n|s|re||on
eno |ro¦cc| effcc|co fem|||cs. |¹|C |s prov|o|n¸ eocque|c compcnse||on eno ccncn|s. /s e rc¸u|er |ncomc
¸cncre||n¸ schcmc for |hc pro¦cc| effcc|co fem|||cs, '/nnu||y Schcmc' hes cccn |eunchco |n essoc|e||on v||h |lC.
/our Compeny |s |e||n¸ up commun||y ocvc|opmcn| ec||v|||cs |nvo|v|n¸ you|h eno vomen cmpovcrmcn|, s||||
ocvc|opmcn|, couce||on cncoure¸cmcn| |||c scho|ersh|p |o mcr||or|ous s|uocn|s, |mprovcmcn| of schoo|
|nfres|ruc|urc, c|c., rc¸u|er hce||h chcc|-up, |oce| erce |nfres|ruc|urc ocvc|opmcn| schcmcs |||c |ns|e||e||on of so|er
s|rcc| ||¸h|s, oc-s||||n¸ of ponos, o|s|r|cu||on of or|n||n¸ ve|cr, cons|ruc||on of commun||y he||, roeo rcpe|r|n¸
vor|, c|c. / ncv l¹l |s cc|n¸ sc| up e| ber|e¸eon |n |ezer|ce¸h ||s||. for |hc pro¦cc| effcc|co pcrsons.
¹hc pro¸rcss of ver|ous on¸o|n¸ ec||v|||cs |n |hcsc c|oc|s |s es unocr:
Particulars Coal Blocks
Pakri Barwadih Chatti-
Bariatu
Kerandari Talaipalli Dulanga Chatti-
Bariatu
(South)*
Environment
Clearance
Oc|e|nco Oc|e|nco Oc|e|nco |ropose| unocr
proccss e|
VO||
|ropose| unocr
proccss e|
VO||
|ref|
V|n|n¸ ||en
prcperco
Forest
Clearance
Oc|e|nco Oc|e|nco |ropose|
c|cerco cy
S|e|c |orcs|s
|cp|..0nocr
|roccss e|
VO||
0nocr proccss
e| Ch|cf
Conscrve|or of
|orcs|s,|e|pur
0nocr proccss
e| ||s||. |orcs|
|cper|mcn|
-
Land
Acquisition
2O5O ecrcs
|nc|uo|n¸ forcs|
|eno |n posscss|on.
|eymcn| o|scursco
for 45O.75 ecrcs of
pr|ve|c |eno
|eymcn|
o|scursco for
123 ecrcs of
pr|ve|c |eno.
|eymcn|
o|scursco for
74 ecrcs of
pr|ve|c |eno.
/||
no||nce||ons
unocr Cb/ /c|
comp|c|co
eno |/|
nne||sco
/||
no||nce||ons
unocr Cb/ /c|
comp|c|co.
|eno re|c
unocr
nne||ze||on.
-
Mine
Developer-
cum-
Operator
(MDO)
/ppo|n|co.
Voc||sco e| s||c
|l¹ hes cccn
|ssuco, ||O
cve|ue||on
oonc.
||ennco
our|n¸ 2O12-
13
/ppo|n|co ||ennco our|n¸
2O12-13
-
Status of
award
of Other
Packages
Cons|ruc||on of
C||, |&| Co|ony
eno Sucs|e||on
everoco.
0nocr ver|ous
s|e¸cs of
|cnocr|n¸.
0nocr ver|ous
s|e¸cs of
|cnocr|n¸.
0nocr ver|ous
s|e¸cs of
|cnocr|n¸
0nocr ver|ous
s|e¸cs of
|cnocr|n¸
-
* ¹h|s c|oc| |s |oce|co |n |hc o|p s|oc of Che|||-ber|e|u c|oc| eno v||| cc ocvc|opco e| |hc cno of m|n|n¸ of |hc |e|cr
c|oc| |.c. cy 2O37.
ln rcp|y |o V|n|s|ry of Coe| ,VOC) |c||cr oe|co 14.Oo.2O11 for oc-e||oce||on for Che||| ber|e|u, Che||| ber|e|u ,Sou|h)
eno |crenoer|-/ coe| c|oc|s of |¹|C, brehm|n| & Ch|chro-|e|s|me| coe| c|oc|s e||oce|co |o Cl|-|¹|C 0r¦e |v|. ||o.,
/our Compeny rcqucs|co VOC for rcv|cv |hc occ|s|on of oc-e||oce||on e| |hc h|¸hcs| |cvc|. ln eoo|||on |o |h|s
Sccrc|ery ,|ovcr) v|oc |c||cr O7.O7.11 hes e|so rcqucs|co Sccrc|ery ,Coe|) |o rcv|cv |hc oc-e||oce||on of coe|
c|oc|s eno rcs|orc || |o |¹|C.
35
th
Annual Report 2010-2011 32
12.4 Other initiatives for securing coal supply
¹o |cvcre¸c |hc s|rcn¸|h of cs|ec||shco p|eycrs |n m|n|n¸ eno rc|e|co erces, your Compeny hes formco fo||ov|n¸
!o|n| vcn|urc Compen|cs:
Name of Company JV Partners Purpose
Cl| |¹|C 0r¦e |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|c¸re|co |ovcr |ro¦cc|,s). ¹hc c|oc|
|s rc¸|one||y cxp|orco eno rcqu|rcs oc|e||co cxp|ore||on for
prcpere||on of Gco|o¸|ce| |cpor|. CV||l| hes cccn cn|rus|co
v||h |hc ¦oc of oc|e||co cxp|ore||on.
|¹|C SCC| G|oce|
vcn|urcs |v|. ||o.,
S|n¸ercn| Co|||cr|cs
Compeny ||o.
|or unocr|e||n¸ ocvc|opmcn| eno O&V of coe| b|oc|s |n lno|e
eno ecroeo.
ln|crne||one| Coe|
vcn|urcs |v|. ||o.,
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/, c|c for ecqu|s|||on of s|e|c |n
co||n¸ coe| eno |hcrme| coe| m|ncs.
/our Compeny |s rcv|cv|n¸ |hc propose| |o cxp|orc
|hc poss|c||||y of us|n¸ pc| co|c |n ¹hcrme| |ovcr
S|e||ons rccc|vco from ||nous|en |c|ro|cum
Corpore||on ||m||co ÷ V|||e| |ncr¸y lnvcs|mcn|
|r|ve|c ||m||co.
/our Compeny |s e|so rccc|v|n¸ propose|s from ||mc
|o ||mc for ecqu|r|n¸ coe| m|ncs ecroeo from
lnvcs|mcn| cen|crs es vc|| es from m|nc ovncrs
from coun|r|cs |||c lnooncs|e, Sou|h /fr|ce, /us|re||e
eno Vozemc|quc. ¹hcsc propose|s erc unocr rcv|cv
eno o|scuss|on v||h rcspcc||vc per||cs.
12.5 Exploration Activities
0nocr |cv |xp|ore||on ||ccns|n¸ |o||cy ,||||-vlll),
your Compeny s|¸nco |roouc||on Sher|n¸ Con|rec|s
,|SCs) on 3O.Oo.2O1O v||h Govcrnmcn| of lno|e for
four O||/ Ges |xp|ore||on c|oc|s.
Onc of |hc c|oc|s e||o||co unocr ||||-vlll |s hc|o cy
|¹|C v||h 1OO% per||c|pe||n¸ |n|crcs| eno es
opcre|or. |xp|ore||on ec||v|||cs |n |h|s c|oc| v|||
commcncc ef|cr ¸ren| of |c|ro|cum |xp|ore||on
||ccncc for vh|ch epp||ce||on hes cccn meoc |o |hc
Govcrnmcn| of Gu¦ere|. V|n|mum vor| pro¸remmc
comm||mcn| ,V\|) for |h|s c|oc| |s ` 17O1.o
m||||on.
¹hc o|hcr |hrcc c|oc|s erc hc|o cy your Compeny |n
consor||um v||h O|GC es opcre|or eno |¹|C's
per||c|pe||n¸ |n|crcs| |s 1O% |n cech c|oc|. |xp|ore||on
ec||v|||cs |n |hcsc c|oc|s hevc commcncco our|n¸
|hc ycer. |¹|C's sherc of V\| for |hcsc c|oc|s |s
` 81O.3 m||||on.
13. BUSINESS EXCELLENCE: GLOBAL
BENCHMARKING
ln orocr |o ¸|vc en |mpc|us |o |hc ¦ourncy |overos
con||nuous |mprovcmcn|, |¹|C bus|ncss |xcc||cncc
Vooc| 2O1O, ,en ln|crne| /sscssmcn| Vooc| for
|xcc||cncc) us|n¸ ||OV mc|hooo|o¸y hes cccn
ocvc|opco for |hc or¸en|ze||on su||ec|y |n|c¸re||n¸
|hc rcqu|rcmcn|s of e|| s|e|cho|ocrs, ef|cr s|uoy|n¸
ver|ous vor|o c|ess fremcvor|s. ¹h|s ln|crne|
/sscssmcn| Vooc| hes cccn ro||co ou| |h|s ycer |o
e|| opcre||n¸ s|e||ons. /n c-|re|n|n¸ moou|c for
bus|ncss |xcc||cncc Vooc| hes cccn ocvc|opco for
prov|o|n¸ evercncss |o e|| cmp|oyccs ecross |hc
or¸en|ze||on.
|or cmp|oyccs cn¸e¸cmcn| eno ocvc|opmcn|,
Oue|||y C|rc|cs eno |rofcss|one| C|rc|cs erc ¸|vcn
|hrus| cy or¸en|z|n¸ compc||||vc convcn||ons e|
|hrcc |cvc|s |.c. s|e||on, rc¸|one| eno ne||one| |cvc|.
\|nn|n¸ |cems erc cncoure¸co |o per||c|pe|c |n
ln|crne||one| Convcn||ons. ¹hcrc erc ecou| 8OO
Oue|||y C|rc|cs eno 325 |rofcss|one| C|rc|cs. |vcry
ycer onc Oue|||y C|rc|c |s cc|n¸ scn| |o ln|crne||one|
OC Convcn||on.
/| s|re|c¸|c |cvc| eper| from eoop||n¸ |¹|C bus|ncss
|xcc||cncc Vooc|, e||cmp| |s e|so cc|n¸ meoc for
eoop||n¸ ce|encco scorc cero epproech cy
|n|c¸re||n¸ co|h for ech|cv|n¸ eu|ome||on of e||
cus|ncss proccsscs, mcc||n¸s eno rcv|cvs cy
eoop||n¸ su||ec|c |ceo & |e¸ |no|ce|ors eno s|re|c¸y
meps.
14. RENOVATION & MODERNISATION
14.1 Need for R&M:
|cnove||on eno moocrn|ze||on ,|&V) of povcr
p|en|s |n |hc prcscn| sccner|o of scvcrc rcsourcc
cons|re|n| |s cons|ocrco |o cc |hc ccs| op||on for
cr|o¸|n¸ |hc ¸ep cc|vccn |hc ocmeno eno supp|y
of povcr es ,|&V) schcmcs erc cos| cffcc||vc. ¹o
35
th
Annual Report 2010-2011 33
|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 up re||n¸, eve||ec||||y
|mprovcmcn|, eno |mprovco cnv|ronmcn|
comp||encc. l| |ncrcescs |hc cepec||y, 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|.
14.2 S trategy by the Company:
/our Compeny hes epprovco |hc S|re|c¸y |o cc
eoop|co for V|o ||fc |&V es vc|| es |os| 25 ycers
||fc |x|cns|on of 0n||s |n coe| cesco s|e||ons, cesco
on ¹er|ff |c¸u|e||ons cy C||C for 2OO9-14. |&V
ec||v|||cs erc unocr |mp|cmcn|e||on |n |hc povcr
s|e||ons of S|n¸reu||, |orce, |ere||e S|e¸c-l, ||heno
S|e¸c -l eno /n|e Ges |ovcr S|e||on eno |hc |e|c ÷
ovcr p|en|s of ¹e|chcr ¹|S, ¹enoe ¹|S eno 0ncheher
S|e¸c- l |o|e|||n¸ morc |hen 74OO V\. /pprove|s for
V|o ||fc |&V of Coe| cesco pro¦cc|s of ¹e|chcr
|en|he ,2x5OO V\), |eme¸unoem ,3x5OO V\),
|ere||e ,2x5OO V\), |ehe|¸eon ,4x21O V\),
v|nohyeche| ,ox21O+2x5OO V\), |G0¹||
,2x21O+2x21O V\) eno S|n¸reu|| ,2x5OO V\) erc
unocr proccss.
14.3 Bene?ts from R&M:
¹hrou¸h |hc |&V, |hcrc hes cccn sucs|en||e|
|mprovcmcn| |n ||| of ¹enoe eno ¹e|chcr ¹hcrme|
|ovcr ||en|s |n comper|son v||h |hc ||mc your
Compeny |oo| ovcr |hcsc p|en|s. ¹hc oc|e||s erc es
unocr:
Name of the
Plant
PLF prior to
Take-over
PLF in
2010-11
¹enoe 21.59% 92.o1%
¹e|chcr 19.8O% 94.22%
15. VIGILANCE
15.1 Viligance Mechanism:
/our Compeny cnsurcs |renspercncy, oc¦cc||v||y eno
que|||y |n ||s opcre||on 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. ¹hc 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 ¹cchn|ce| Cc||
,¹C) oce| v||h ver|ous fecc|s of v|¸||encc Vcchen|sm.
/our Compeny's cmp|oyccs e|so eohcrc |o o|rcc||vcs
of CvC cy sucm||||n¸ rccoro of movec|c eno
|mmovec|c propcr|y ennue||y |o CvO ofncc. ¹hc
cmp|oyccs cen ¸|vc |hc|r su¸¸cs||ons eno fccocec|
for |mprovcmcn| of |hc v|¸||encc mcchen|sm on
v|¸||encc por|e| on |¹|C ln|renc|.
/our Compeny hes commcncco ccr|e|n mcesurcs
|||c puc||sh|n¸ of pos| c|o oc|e||s of |cnocrs on
vccs||c vvv.n|pc|cnocr.com, c-peymcn|s |o
con|rec|ors, supp||crs, cmp|oyccs eno o|hcr per||cs,
usc of vccs||c for rccru||mcn| proccss, c|c |o cnsurc
|renspercncy |n |hc sys|cms eno proccsscs.
15.2 Workshops and Vigilance Awareness Week
|rcvcn||vc v|¸||encc \or|shops erc cc|n¸ conouc|co
cvcry ycer |o scns|||zc cmp|oyccs ecou| scns|||vc
po|n|s eno |Os eno |O|¹s |n vor| erces eno |hc|r
ro|c |n prcvcn||n¸ corrup||on.
v|¸||encc /vercncss \cc| |s cc|n¸ or¸en|zco cvcry
ycer |n nrs| vcc| of |ovcmccr |o cmphes|zc upon
|cvcre¸|n¸ l¹, crce||n¸ evercncss for |renspercncy
eccoun|ec||||y, fe|r p|ey eno oc¦cc||v||y. ¹hc |ssucs
rc|e||n¸ |o con|rec|ors erc e|so eoorcssco |o |hc|r
se||sfec||on our|n¸ Cus|omcr Vcc| or¸en|zco our|n¸
v|¸||encc /vercncss \cc|.
15.3 Implementation of Integrity Pact
/our Compeny |s comm|||co |o cr|n¸ |o|e|
|renspercncy |o ||s cus|ncss proccsscs eno es e s|cp
|n |h|s o|rcc||on hes s|¸nco e Vcmorenoum of
0nocrs|eno|n¸ v||h ¹renspercncy ln|crne||one| lno|e
|n |cccmccr, 2OO8. ¹hc ln|c¸r||y |ec| |s cc|n¸
|mp|cmcn|co for e|| con|rec|s hev|n¸ ve|uc cxccco|n¸
` 1O crorc. ¹vo lnocpcnocn| |x|crne| Von||ors hevc
cccn nom|ne|co cy |hc Comm|ss|on for e|| con|rec|s
v||h ve|ucs cxccco|n¸ ` 1OO crorc.
15.4 Implementation of Fraud Prevention Policy
¹hc |reuo |rcvcn||on |o||cy hes cccn formu|e|co eno
|mp|cmcn|co |n your Compeny s|ncc 2OOo. ¹hc 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 |o||cy.
16. HUMAN RESOURCE MANAGEMENT
1o.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. ¹hc
proouc||v||y of cmp|oyccs |s rcncc|co |n |hc
cons|s|cn| rcouc||on of Ven-V\ re||o ovcr |hc ycers.
¹hc ovcr-e|| Ven-V\ re||o for |hc ycer 2O1O-11
cxc|uo|n¸ !v/sucs|o|ery cepec||y |s O.77 eno O.74
|nc|uo|n¸ cepec||y of !v/ Sucs|o|ery. Gcncre||on pcr
cmp|oycc hes |ncrcesco |o 9.27 V0s rc¸|s|cr|n¸ en
|ncrcesc of O.5% ovcr |hc |es| ycer.
35
th
Annual Report 2010-2011 34
¹hc |o|e| cmp|oycc s|rcn¸|h of |hc Compeny s|ooo
e| 25,144 es on 31.3.2O11 e¸e|ns| 24,955 es on
31.3.2O1O.
FY 2010-11 FY 2009-10
NTPC
|umccr of cmp|oyccs 23,797 23,743
Subsidiaries & Joint Ventures
|mp|oyccs of |¹|C
|n Sucs|o|er|cs & !o|n|
vcn|urcs
1,347 1,212
Total employees 25,144 24,955
¹hc e||r|||on re|c of |hc cxccu||vcs our|n¸ |hc ycer
ves 1.OO%.
16.2 Employee Relations
|ur|n¸ |hc ycer cmp|oyccs' rc|e||ons c||me|c ves
pceccfu| eno conouc|vc. ¹hc schcmc for cmp|oyccs'
per||c|pe||on |n mene¸cmcn| con||nucs |o func||on
succcssfu||y e|| ovcr |¹|C. ¹hcrc hevc cccn
con||nuous |n|crec||ons cc|vccn |hc mene¸cmcn|
eno |hc epcx fore of vor|mcn eno cxccu||vcs ÷
|e||one| b|per|||c Comm|||cc ,|bC) eno |¹|C
|xccu||vcs |cocre||on of lno|e ,|||l) rcspcc||vc|y.
¹hc un|ons eno essoc|e||ons eno e|so |hc |no|v|oue|
cmp|oyccs comp||mcn|co |hc cffor|s of |hc
mene¸cmcn| |n ocvc|op|n¸ eno sus|e|n|n¸ en
cnec||n¸ pcrformencc cu||urc |n |hc or¸en|ze||on.
Vcc||n¸s eno vor|shops for vor|mcn eno cxccu||vcs
essoc|e||on vcrc hc|o our|n¸ |hc ycer vhcrc|n |ssucs
rc|e||n¸ |o pcrformencc eno proouc||v||y vcrc
o|scussco. ¹hc ovcre|| cmp|oycc rc|e||ons sccner|o
|n |¹|C con||nuco |o cc coro|e| mer|co cy |nous|r|e|
hermony eno mu|ue| |rus|.
16.3 Safety
Occupe||one| sefc|y eno |ce||h e| vor|p|ecc |s onc
of |hc conccrns of |¹|C Vene¸cmcn| 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.
6.58 7.11 7.43 7.81 7.99 8.48 8.75 9.22 9.27
1.02
0.98
0.91 0.91 0.91
0.87
0.85
0.82
0.77
0
0.2
0.4
0.6
0.8
1
1.2
2
0
0
2
-0
3
2
0
0
3
-0
4
2
0
0
4
-0
5
2
0
0
5
-0
6
2
0
0
6
-0
7
2
0
0
7
-0
8
2
0
0
8
-0
9
2
0
0
9
-1
0
2
0
1
0
-1
1
Year
0
1
2
3
4
5
6
7
8
9
10
G
e
n
.
/
E
m
p
l
o
y
e
e

(
M
U
)
|c¸u|er p|en| |nspcc||on, |n|crne| eno cx|crne| sefc|y
euo||s erc cerr|co ou| e| cech |ro¦cc|/S|e||on. Sefc
mc|hoos erc prec||sco |n e|| erces of Opcre||on eno
Ve|n|cnencc ,O&V) eno Cons|ruc||on & |rcc||on
,C&|) ec||v|||cs. Sefc|y |es| forcc for O&V eno
Cons|ruc||on ec||v|||cs, hc|¸h| pcrm|| eno hc|¸h|
chcc| ||s| erc |mp|cmcn|co. Oue||nco sefc|y ofnccrs
erc pos|co e| e|| un||s es pcr s|e|u|ory ru|cs/prov|s|ons.
Sefc|y con|ro| rooms erc cs|ec||shco e| e|| cons|ruc||on
pro¦cc|s |o mon||or unsefc cono|||ons eno unsefc
ec|s.
¹hrou¸h our con||nuous cffor|s |n sefc¸uero|n¸ |hc
cmp|oyccs, ecc|ocn|s hevc comc oovn cy 3O% es
comperco |o |es| ycer. Veny of our p|en|s hevc cccn
everoco v||h prcs||¸|ous sefc|y everos |n rcco¸n|||on
of |mp|cmcn||n¸ |nnove||vc sefc|y proccourc eno
prec||ccs.
16.4 Training and Development
ln ||nc v||h ||s |on¸-|crm oc¦cc||vc of cc|n¸ e |cern|n¸
or¸en|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
cs|ec||shco |ovcr Vene¸cmcn| lns|||u|c ,|Vl) e| |hc
corpore|c |cvc| es vc|| es |hc cmp|oycc ocvc|opmcn|
ccn|rcs e| |hc s||cs. ¹re|n|n¸ |mper|co |s e|veys |n
|unc v||h ncv cmcr¸|n¸ nccos |n o|vcrsc erces |||c
nuc|cer povcr, coe|-m|n|n¸, hyoro-povcr, supcr-
cr|||ce| |cchno|o¸y, rcncvec|c cncr¸y c|c. eno for
|h|s purposc cvcry ycer somc ncv pro¸remmcs erc
|nc|uoco |n |hc ennue| ce|cnoer. /per| from |h|s, |hc
usue| pro¸remmcs |nc|uoc mene¸cr|e| |op|cs, povcr
s|e||on opcre||on & me|n|cnencc eno pro¦cc|
cons|ruc||on, crcc||on eno comm|ss|on|n¸ eno
|nforme||on |cchno|o¸y.
0nocr |hc on-¸o|n¸ schcmc of s|rcn¸|hcn|n¸ |hc
lnous|r|e| ¹re|n|n¸ lns|||u|cs ,l¹ls) ecross |hc coun|ry,
your Compeny heo |e|cn |hc |n|||e||vc of eoop||n¸
l¹ls ncer ||s povcr ¸cncre||n¸ s|e||ons eno e |o|e| of
18 l¹ls hevc cccn eoop|co unocr |h|s schcmc ||||
31.O3.2O11. ¹h|s ec||v||y |s cc|n¸ cooro|ne|co |hrou¸h
|Vl vh|ch |s e|so fec||||e||n¸ |hc cons|ruc||on of c|¸h|
ncv l¹ls vhcrc ncv pro¦cc|s erc com|n¸ up. ¹hrou¸h
|h|s |n|||e||vc, |Vl hes crce|co 12O9 cx|re sce|s |n
l¹ls.
|ur|n¸ 2O1O-11, your Compeny or¸en|zco |hc
fo||ov|n¸ |re|n|n¸ pro¸remmcs |n povcr eno cncr¸y
scc|ors:
,e) / ne||one| confcrcncc on Cescs & |cscerch |n |ovcr
Scc|or |o prov|oc e p|e|form for prec||s|n¸ mene¸crs,
eceocm|c|ens eno rcscerch scho|ers |o ocvc|op,
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Annual Report 2010-2011 35
con|r|cu|c eno prcscn| rce| ||fc cescs eno ec||on
rcscerch from cus|ncss prec||ccs |n povcr eno
cncr¸y scc|or.
,c) |enos-on |re|n|n¸ |n ooO V\ s|mu|e|or e| |Vl |o 25o
per||c|pen|s.
,c) |our be|chcs of 12-vcc|s cech of |hc ne¸sh|p
pro¸remmc on ¨¹hcrme| |ovcr Gcncre||on' for
|n|crne| per||c|pen|s es vc|| es cx|crne| c||cn|s.
,o) ¹hc S|re|c¸|c Vene¸cmcn| ln|||e||vc for |ceocrsh|p &
|mpovcrmcn| ,SVl||) pro¸remmc for |xccu||vc
||rcc|ors of |¹|C our|n¸ Verch 14 - 17, 2O11 vh|ch
ves e||cnoco cy 15 per||c|pen|s. ¹hc pro¸remmc
rcv||e||zco |hc v|s|on for ocvc|op|n¸ s|re|c¸|c
or|cn|e||on eno sus|e|nec|c |ceocrsh|p prec||ccs |n
|hc or¸en|ze||on.
,c) ln|crne||one||y eccrco||co prcs||¸|ous pro¸remmc -
/mcr|cen Soc|c|y of Vcchen|ce| |n¸|nccrs ,/SV|)
bo||cr eno |rcssurc vcssc| Cooc Scc||on vlll ||v. 1-
cy |Vl fecu||y eu|hor|zco cy /SV|.
,f) /n |n|crne||one| confcrcncc on O&V of povcr
s|e||ons ves hc|o vhcrc|n scvcre| |cchn|ce| pepcrs
vcrc prcscn|co for cxpcr|cn||e| |cern|n¸ cy
profcss|one|s from povcr scc|or compen|cs of lno|e
es vc|| from o|hcr coun|r|cs.
,¸) 39o |re|n|n¸ pro¸remmcs vcrc conouc|co v||h e
per||c|pen| cesc of 9,13O. ¹hc |re|n|n¸ menoeys
c|oc|co ves 55,737.
17. INCLUSIVE GROWTH
17.1 Corporate Social Responsbility:
/our Compeny hes e|veys o|scher¸co ||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|c¸re|co mu||| s|e|c-
ho|ocr epproech covcr|n¸ |hc cnv|ronmcn| eno
soc|e| espcc|s.
\||h e v|cv |o eoorcss |hc oome|ns of soc|o-
cconom|cs |ssucs e| ne||one| |cvc| eno |n ||nc v||h ||s
Corpore|c Soc|e| |cspons|c||||y ÷ Commun||y
|cvc|opmcn| |o||cy, your compeny hes |e|cn up
ver|ous ec||v|||cs.
Initiatives undertaken by the Company:
/s mos| of |hc s|e||ons of your Compeny erc |oce|co
|n rcmo|c rure| erces, ver|ous ec||v|||cs vcrc |e|cn up
csscn||e||y |n |hc erces of ces|c |nfres|ruc|urc
ocvc|opmcn| |||c pr|mery couce||on, commun||y
hce||h, or|n||n¸ ve|cr, sen||e||on, roeo, voce||one|
|re|n|n¸ c|c.
ln |hc erce of |ouce||on, ||nenc|e| ess|s|encc |s cc|n¸
¸|vcn |o |eme|r|shne V|ss|on for conouc||n¸ ver|ous
ec||v|||cs unocr |hc cenncr ¨/ve|cn|n¸ lno|e'
hcre|o|n¸ |hc 15O
|h
b|r|h /nn|vcrsery cc|ccre||on of
Svem| v|vc|enenoe.
|ur|hcr, nnenc|e| con|r|cu||on ves ¸|vcn |o
Sr| vcome|e Geye|r| ¹rus| for cons|ruc||on of Schoo|
cum Vu|||purposc bu||o|n¸ |n v|||e¸c Sheu|ene, ||s||.
Ghez|eceo, 0|, eno |o ||s|r|c| /om|n|s|re||on,
v|se|hepe|nem for prcpere||on eno ocvc|opmcn| of
/uo|o S|uoy me|cr|e| for v|sue||y Che||cn¸co
|crsons.
|¹|C |oo| up ver|ous voce||one| |re|n|n¸ pro¸remmcs,
such es vcc pe¸c ocs|¸n|n¸ eno compu|cr |re|n|n¸,
mo|or rcv|no|n¸, mo|or or|v|n¸, ¸cncre| c|cc|r|ce|
rcpe|r|n¸, eno moc||c rcpe|r|n¸ c|c. for you|h eno
ver|ous coech|n¸ c|esscs c|c. for v|||e¸c ch||orcn,
cesco on |hc ncco of |hc |oce| commun||y |n |hc
nc|¸hcourhooo of ||s s|e||ons.
ln orocr |o con|r|cu|c |n |hc Conscrve||on of sc|cc|co
|e||one| Vonumcn|s, |¹|C hes comm|||co nnenc|e|
suppor| |o /rcheco|o¸|ce| Survcy of lno|e ,/Sl) eno
|e||one| Cu||urc |uno ,|C|) for conscrve||on of 3
|ocn||nco s||cs.
/s rc¸eros vomcn cmpovcrmcn|, cons|ruc||on of
onc noor of G|r|s |os|c| |n Gun|ur o|s|r|c| of /| hes
cccn comp|c|co, |hc semc e| On¸o|c |s ncer|n¸
comp|c||on. ver|ous voce||one| |re|n|n¸ pro¸remmcs
for vomcn |n |hc nc|¸hcourhooo v|||e¸cs of ||s
s|e||ons |nc|uo|n¸ Cu|||n¸, ¹e||or|n¸, S|||ch|n¸, |rcss
|cs|¸n|n¸, bceu||c|en, |mcro|ocry, fooo prcscrve||on
eno fooo proccss|n¸ c|c. vcrc |e|cn up. ||nenc|e|
suppor| |o Ccn|rc of |hc S|uoy of ve|ucs, 0oe|pur
ves cx|cnoco for voce||one| |re|n|n¸ |n sc|f rc||encc
for 5OO |r|ce| ¸|r|s/ vomcn 0oe|pur o|s|r|c|.
Comm|||co |o ||s soc|e| rcspons|c||||y, your Compeny
heo cccomc e mcmccr of G|oce| Compec|, e
vo|un|ery |n|||e||vc of |hc 0| for CS|. /our Compeny
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
|hrou¸h ¨Commun|ce||on on |ro¸rcss'.
/ rcpor| on pro¸rcss meoc |n |h|s erce |s cnc|osco e|
/nncx-l× |o ||rcc|ors' |cpor|.
17.2 NTPC Foundation
|¹|C |ounoe||on, rc¸|s|crco |n |cccmccr 2OO4, |s
cn¸e¸co |n scrv|n¸ eno cmpovcr|n¸ |hc phys|ce||y
che||cn¸co eno cconom|ce||y vce|cr scc||ons of |hc
soc|c|y.
Initiatives undertaken by the Company:
¹hc lnforme||on eno Commun|ce||on ¹cchno|o¸y
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Annual Report 2010-2011 3o
,lC¹) Ccn|rc, sc| up ¦o|n||y cy |¹|C |ounoe||on eno
0n|vcrs||y of |c|h|, eno s|m||er lC¹ fec|||||cs |o |hc
c||no schoo|s |n |uc|nov, /¦mcr, ¹h|ruvene|hepurem
eno Vysorc erc hc|p|n¸ e |er¸c numccr of phys|ce||y
che||cn¸co s|uocn|s |o |cern l¹ S||||s eno movc e|on¸
v||h |hc me|ns|rcem soc|c|y.
|¹|C |ounoe||on-|lO| ||sec||||y |chec||||e||on
Ccn|rc ,|||||C) cs|ec||shco e| ¹enoe |n co||ecore||on
v||h |e||one| lns|||u|c for |hc Or|hopeco|ce||y
|eno|ceppco ,|lO|), V|n|s|ry of Soc|e|
|mpovcrmcn|, Gov| of lno|e |s prov|o|n¸
rchec||||e||on/ rcs|ore||vc sur¸cry |o phys|ce||y
che||cn¸co pcrsons |||c mco|ce| |n|crvcn||ons eno
sur¸|ce| corrcc||ons, n|||n¸ of er||nc|e| e|os eno
epp||enccs eno |hcrepcu||c scrv|ccs c|c.
|cv ||sec||||y |chec||||e||on ccn|crs hevc cccn
s|er|co e| 4 morc s|e||ons e| |eor|, |orce, ||heno eno
bon¸e|¸eon.
ln |hc erce of hce||h, ||rcc||y Ocscrvco ¹rce|mcn|
cum |cs|¸ne|co V|croscopy Ccn|rc ,|O¹ cum |VC)
v||h Voc||c vens, o|e¸nos||c cqu|pmcn|s eno
peremco|ce| scrv|ccs hevc cccn s|er|co e| 1O |¹|C
hosp||e|s |n |ere||e, |ehe|¸eon, |orce, |C||-|eor|,
|eme¸unoem, ||heno, S|n¸reu||, ¹e|chcr-|en|he,
0ncheher eno v|nohyeche| rcspcc||vc|y for o|e¸nos|s
eno |rce|mcn| of |hc ¹uccrcu|os|s pe||cn|s |n |hc
nc|¸hcourhooo v|||e¸cs of |hc s|e||ons. |cv ccn|rc
hes cccn s|er|co |n 2 morc s|e||ons |.c. e| /n|e eno
S|pe|.
|¹|C |s e|so suppor||n¸ |hc cffor|s of ||s|r|cu|co
Gcncre||on ,|G) for prcpere||on of fces|c||||y rcpor|s,
pro¦cc| |nsurencc eno cr|o¸|n¸ |hc funo|n¸ ¸ep
cc|vccn cos| of |hc pro¦cc|s eno eve||ec|c funos,
|hrou¸h |¹|C |ounoe||on.
15 pro¦cc|s hevc cccn suppor|co |n |hc pes|
ccncn||n¸ 2153 houscho|os.
17.3 Rehabilitation & Resettlement
/our Compeny |s comm|||co |o hc|p |hc popu|ecc
o|sp|ecco for cxccu||on of ||s pro¦cc|s eno hes cccn
me||n¸ cffor|s |o |mprovc |hc Soc|o-cconom|c s|e|us
of |ro¦cc| /ffcc|co |crsons ,|/|s). ln ||nc |o mcc| ||s
soc|e| oc¦cc||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 pro¦cc|s.
Initiatives undertaken by the Company:
|ur|n¸ |hc ycer, |&| |o||cy hes cccn rcv|sco e||¸n|n¸
|| v||h |hc prov|s|ons of GOl |e||one| |chec||||e||on
& |csc|||cmcn| |o||cy 2OO7 eno rc|e|n|n¸ ||s |cern|n¸s
eno vc|| s|ruc|urco mcchen|sm |n |hc erce of |&|.
|&| ||en for Vc¦e eno Commun||y |cvc|opmcn| ,C|)
for bon¸e|¸oen pro¦cc| vcrc epprovco our|n¸ |hc
ycer. O|hcr |&| eno C| ||ens |n proccss for |hc
pro¦cc|s/ p|en|s con||nuco |o cc |mp|cmcn|co.
Soc|o-cconom|c Survcy ves comp|c|co for Vouoe-
ll, |uo¸|, Vere||enem eno |ec|ne¸er S¹|| eno |s |n
pro¸rcss e| Vuzefferpur, |er||pe|||, Ge¦emere, berc|h|,
|ere, Geoervere eno |her¸onc |ro¦cc|s.
18. IMPLEMENTATION OF OFFICIAL LANGUAGE
/our Compeny hes meoc v|¸orous cffor|s for |hc
prope¸e||on eno succcssfu| |mp|cmcn|e||on of |hc
Ofnc|e| |en¸ue¸c |o||cy of |hc Govcrnmcn| of lno|e.
Scvcre| ||no| vor|shops, mcc||n¸s, confcrcnccs
eno compc||||ons vcrc conouc|co e| pro¦cc|s,
rc¸|one| ofnccs eno corpore|c ccn|rc our|n¸ |hc ycer
|o cncoure¸c |hc cmp|oyccs |o mex|m|zc |hc usc of
||no| |n ofnc|e| vor|. /|| 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|||n¸ue| form- |n ||no| eno |n |n¸||sh. /nnue|
|e¦cheshe Confcrcncc ves or¸en|zco on 8
|h
!unc
2O1O for ||no| Ofnccrs unocr |hc Che|rmensh|p of
||rcc|or ,|umen |csourccs). ¹o promo|c ||no| |n
|ovcr Scc|or Vcc||n¸ of ||no| /ov|sory Comm|||cc
ves hc|o |n Coor¸ unocr |hc Che|rmensh|p of V|n|s|cr
of |ovcr.
/our Compeny's vccs||c e|so hes e fec||||y of
opcre||n¸ |n c|||n¸ue| form- |n ||no| es vc|| es |n
|n¸||sh.
19. SUSTAINABLE ENERGY DEVELOPMENT
Vision Statement on Sustainable Energy
Development:
¨Go|n¸ H|¸hcr on Gcncre||on, |ovcr|n¸ GHG
|n|cns||y'
Initiatives undertaken by the Company:
/our Compeny |s comm|||co for ocvc|opmcn| of
rcncvec|c cncr¸y |n v|cv of ¸|oce| verm|n¸ eno fes|
ocp|c||on of foss|| fuc|.
/our Compeny cnv|se¸cs cepec||y eoo|||on of 1OOO
V\ |hrou¸h rcncvec|c cncr¸y sourccs cy 2O17.
¹hcsc |nc|uoc v|no, so|er eno sme|| hyoro cesco
cepec|||cs. ln |h|s cnocevor, V|n|s|ry of |ovcr hes
e||oce|co 1O5V\ ,|hesc-l) of une||oce|co |hcrme|
povcr from upcom|n¸ pro¦cc|s of |¹|C for cuno||n¸
v||h so|er cncr¸y cc|n¸ ¸cncre|co from |¹|C's So|er
|ro¦cc|s. |o|cn||e| s||cs for 5OV\ hevc e|rceoy cccn
|ocn||nco v||h|n |¹|C's ¸cncre||n¸ s|e||ons eno |eno
for ce|encc cepec||y hevc cccn |ocn||nco |n Veohye
|reocsh eno /noemen & ||cocer.
35
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Annual Report 2010-2011 37
/our Compeny hes |n|||e|co compc||||vc c|oo|n¸
proccss for |mp|cmcn|e||on of 25V\ so|er pro¦cc|s
eno for |hc rcme|n|n¸ pro¦cc|s. |c|e||co |ro¦cc|
|cpor|s erc cc|n¸ nne||zco.
So|er cesco pro¦cc|s |n |erne|e|e, Gu¦ere| eno
|e¦es|hen for |o|e| cepec||y of 195V\ erc unocr
prc||m|nery s|e¸cs of ocvc|opmcn|.
/s e mcesurc |o hco¸c e¸e|ns| vo|e|||c fuc| pr|ccs
eno |hc unccr|e|n cos| of comp|y|n¸ v||h fu|urc
cnv|ronmcn|e| rc¸u|e||ons, c|os hevc cccn opcnco
eno erc unocr cve|ue||on for evero for 39 V\ \|no
|ncr¸y |ro¦cc|s e| Che|e|e |n Veheresh|re, 3oV\ e|
Voour¸uooe |n |erne|e|e eno 1OOV\ e|
Gu|coe¸uooe |n |erne|e|e.
/our Compeny hes e|rceoy comm|ss|onco 15|G
pro¦cc|s v||h cumu|e||vc cepec||y of 3OO|\ e|
Che|||s¸erh, 0||er |reocsh, |e¦es|hen eno Veohye
|reocsh. Onc m|cro hyoro cesco |G pro¦cc| of 2×2O
|\ |s unocr cons|ruc||on e| |e|||ye |n Che|||s¸erh
vh|ch |s schcou|co |o cc comm|ss|onco cy
|cccmccr 2O11.
/our Compeny hes s|¸nco |hc !o|n| vcn|urc
/¸rccmcn| v||h /|b & |yushu for povcr ¸cncre||on
,5OOV\) |hrou¸h rcncvec|c cncr¸y sourccs. !o|n|
vcn|urc Compeny vou|o cc |ncorpore|co soon.
20. NETRA – R&D Mission in Power Sector
|¹|C |ncr¸y ¹cchno|o¸y |cscerch /|||encc ,||¹|/)
focuscs on erces such es C||me|c Chen¸c, \es|c
Vene¸cmcn|, |cv & |cncvec|c |ncr¸y, |fnc|cncy
|mprovcmcn|, sc|cn||nc suppor| |o s|e||ons, Cos|
rcouc||on eno rc||ec||||y of s|e||ons.
ln orocr |o prov|oc u|mos| ccncn|s |o |hc s|e||ons,
pro¦cc|s |||c /r||nc|e| ln|c|||¸cncc cesco p|en|
pcrformencc eov|sory sys|cm, rce|-||mc eov|sory
sys|cm for me|n|e|n|n¸ co||cr ve|cr chcm|s|ry
peremc|crs, |eo|o frcqucncy locn||nce||on ,||l|)
cesco nsh p|e|c rcmove| oc|cc||on sys|cm, c|c hevc
cccn succcssfu||y comp|c|co eno ocp|oyco/|cs|co
e| s|e||ons.
|cscerch /ov|sory Counc|| ,|/C) compr|s|n¸ 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 &
S|e||on |ceos es ||s mcmccrs prov|ocs o|rcc||ons for
|mprov|n¸ p|en| pcrformencc & rcouc|n¸ cos| of
¸cncre||on. Vcc||n¸s of co|h |hc /ov|sory Counc||s
vcrc hc|o pcr|oo|ce||y vhcrc mcmccrs oc||ccre|co
on ver|ous pro¦cc| ec||v|||cs eno ¸evc ¸u|oc||ncs for
|mp|cmcn|e||on of su¸¸cs||ons. /pp||ce||ons for 15
pe|cn| epp||ce||ons erc |n eovencco s|e¸c of
proccss|n¸. ||¹|/ prov|ocs |cchn|ce| suppor| |o e||
|¹|C s|e||ons es vc|| es o|hcr 0||||||cs |o |mprovc
|hc|r pcrformencc.
/s e per| of cs|ec||sh|n¸ s|e|c-of-|hc er| fec|||||cs for
cono|||on mon||or|n¸ eno o|e¸nos||c |cchn|qucs,
fec|||||cs |||c phesco errey, lon-chrome|o¸reph, e||oy
ene|yzcr, ||¸h |rcssurc ||qu|o Chrome|o¸rephy
,|||C), 8 scnsor so|er reo|e||on s|e||on, c|c hevc
cccn procurco eno |ns|e||co e| ||¹|/. ¹o fur|hcr
cxpeno |hc |nfres|ruc|urc crce||n¸ |ecore|or|cs eno
fec|||||cs, c|c, |hc |hesc ll cu||o|n¸ ec||v|||cs erc |n
eovencco s|e¸c.
||¹|/ |s |n |hc proccss of cn|cr|n¸ |n|o e VO0 v||h
||\, Gcrmeny for cs|ec||sh|n¸ so|er & |v rcscerch
fec|||||cs e| ||¹|/.
21. ENVIRONMENT MANAGEMENT – CONTINUOUS
IMPROVEMENTS
21.1 /our Compeny |s pursu|n¸ |hc oc¦cc||vc of sus|e|nec|c
povcr ocvc|opmcn|. l| hes |e|cn e numccr of
|n|||e||vcs |overos pro|cc||on of |hc cnv|ronmcn| cy
prov|o|n¸ eovencco cnv|ronmcn| pro|cc||on con|ro|
sys|cms, rc¸u|er cnv|ronmcn| mon||or|n¸ eno
¦uo|c|ous usc of ne|ure| rcsourccs, eoop||on of h|¸h
cfnc|cncy |cchno|o¸|cs such es supcr cr|||ce| co||crs
for |hc up-com|n¸ Grccnnc|o pro¦cc|s. ||¸h
cfnc|cncy ||cc|ro-s|e||c |rcc|p||e|ors ,|S|s) v||h
cfnc|cncy of |hc orocr of 99.9% or h|¸hcr eno
eovencco |S| con|ro| sys|cms hevc cccn prov|oco
|n e|| coe| cesco p|en|s |o |ccp suspcnoco |er||cu|e|c
Ve||cr ,|V) cc|ov |hc pcrm|ss|c|c |cvc| of 15O m¸/
|m
3
. /|| ncv p|en|s erc cc|n¸ prov|oco v||h |S|s
ocs|¸nco for ou||c| ous| curocn of cc|ov 1OO m¸/
|m
3
. |&V of |S| |s e|so unocrvey |n o|o un||s cy
prov|o|n¸ eoo|||one| co||cc||on erce, eovencco
con|ro||crs eno rcp|eccmcn| of c|cc|roocs c|c |o
|ccp |V ve|ucs v||h|n ||m||s. ||uc Ges Cono|||on|n¸
,|GC) sys|cm hes e|so cccn prov|oco e| our o|ocr
s|e||ons es e shor| |crm mcesurc |o rcoucc |V
cm|ss|ons.
¹o |rce| |hc ves|c ve|cr eno rcoucc consump||on of
frcsh ve|cr rcqu|rcmcn|s for |hc p|en|s, your
Compeny hes |ns|e||co ||qu|o \es|c ¹rce|mcn|
Sys|cms, /sh \e|cr |cc|rcu|e||on Sys|cm eno c|osco
cyc|c conocnscr coo||n¸ ve|cr sys|cms v||h h|¸hcr
Cyc|c of Conccn|re||on ,COC) |n ||s s|e||ons. ¹hc
Compeny |s us|n¸ 3 |'s ,|coucc, |ccyc|c & |cusc) es
¸u|o|n¸ pr|nc|p|c for rcouc||on |n consump||on of
ve|cr. |ur|hcr, |rce|co ves|c ve|cr |s usco |n ver|ous
p|en| sys|cms rcsu|||n¸ |n rcouc||on of frcsh ve|cr
35
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Annual Report 2010-2011 38
rcqu|rcmcn|. ¹h|s hes rcsu||co |n cons|ocrec|c
rcouc||on |n frcsh ve|cr |n|e|c cy 2O% |o 3O% eno
e|so rcouc||on |n quen|||y of cfnucn| o|scher¸c from
|hc povcr p|en|s.
/sh oy|cs |n |hc Compeny hevc cccn cn¸|nccrco |o
cnsurc |he| e|| sefc|y eno cnv|ronmcn| |ssucs erc
eoorcssco e| ocs|¸n s|e¸c ||sc|f. Vu|||-|e¸oon esh
ponos v||h prov|s|on of ovcr-nov |e¸oons eno esh
p|pc ¸er|eno|n¸ erren¸cmcn| for chen¸c 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 /sh |ono erces for con|ro| of
fu¸|||vc ous|.
/s e proec||vc mcesurc eno |o cffcc||vc|y u||||zc c|o-
oc¸reoec|c so||o ves|cs ¸cncre|co |n pro¦cc|
cen|ccns eno |ovnsh|ps, b|o-Vc|hene||on ||en| hes
cccn sc| up e| |er|oeceo eno S|n¸reu|| |o convcr| |hc
ves|c |n|o uscfu| cncr¸y eno c|o-fcr||||zcr. Vc|henc
¸cncre|co from |hcsc p|en|s |s usco |n cen|ccns |o
rcoucc cncr¸y rcqu|rcmcn| for coo||n¸ purposc.
ln orocr |o mon||or |cy cnv|ronmcn|e| peremc|crs of
s|ec| cm|ss|ons, emc|cn| e|r eno cfnucn|s con||nuous|y
on rce| ||mc ces|s, o1 con||nuous /mc|cn| /|r Oue|||y
Von||or|n¸ Sys|cm ,//OVS) e|on¸ v||h
Vc|coro|o¸|ce| Scnsors hevc cccn |ns|e||co e| 2O
s|e||ons |oce|co e|| ovcr lno|e.
¹o unocrs|eno |mpec| of povcr p|en|s on nore &
feune eno humen cc|n¸s, your Compeny hes |e|cn
up e numccr of |nv|ronmcn| S|uo|cs such es |umen
|ce||h ||s| /sscssmcn|, ||y /sh |ceche|c S|uoy,
po||u|en| Sourcc /ppor||onmcn| S|uoy eno |os|
Opcre||one| |nv|ronmcn| lmpec| /sscssmcn| S|uoy
e| ver|ous s|e||ons.
/our Compeny hes p|en|co morc |hen 19 m||||on
|rccs |||| oe|c |n eno erouno ||s pro¦cc|s es e mcesurc
|o |e|c mess|vc efforcs|e||on. ¹hc 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.
21.2 Clean Development Mechanism (CDM)
/our Compeny |s p|onccr |n unocr|e||n¸ c||me|c
chen¸c |ssucs proec||vc|y. ¹hc Compeny hes |e|cn
scvcre| |n|||e||vcs |n C|V |ro¦cc|s |n |ovcr Scc|or. l|s
pro¦cc|s |.c. |or|h|erenpure S¹|| eno ¹epoven
v|shnu¸heo |||| & cncr¸y cfnc|cncy pro¦cc|s e|
S|n¸reu|| S¹|| hevc ¸o| |os| Coun|ry /pprove| from
|e||one| C|V /u|hor||y. ¹hc mc|hooo|o¸y prcperco
cy |¹|C v|z. ¨conso||oe|co cesc ||nc eno mon||or|n¸
mc|hooo|o¸y for ncv ¸r|o conncc|co foss|| fuc|
nrco povcr p|en|s us|n¸ |css G|G |n|cns|vc
|cchno|o¸y' for Supcr Cr|||ce| |cchno|o¸y hes cccn
epprovco cy ¨0n||co |e||ons |remc \or| Convcn||on
on C||me|c Chen¸c ,0||CCC)' unocr '/pprovco
Conso||oe|co Vc|hooo|o¸y 13'. Vorc ¸rccn nc|o
cncr¸y cfnc|cncy C|V pro¦cc|s erc |n p|pc||nc.
21.3 Ash Utilisation
|ur|n¸ |hc ycer 2O1O-11, 23 m||||on |onnc of esh
heo cccn u||||zco for ver|ous proouc||vc purposcs
vh|ch |s 55.14% of |hc |o|e| esh ¸cncre||on e¸e|ns|
Vo0 |er¸c| of 55%.
lmpor|en| erces of esh u||||ze||on erc ÷ ccmcn| &
esccs|os |nous|ry, rceoy m|x concrc|c p|en|s ,|VC),
|oeo |mcen|mcn|, V|nc n||n¸, /sh |y|c |e|s|n¸ &
|eno |cvc|opmcn|. lssuc of ny esh |o ccmcn|, |VC
eno o|hcr |nous|r|cs hes cccn 9.88 V||||on ¹onncs.
|ono esh |s cc|n¸ |ssuco frcc of cos| |o e|| esh uscrs
from e|| |¹|C S|e||ons. |uno co||cc|co from se|c of
esh |s cc|n¸ me|n|e|nco |n e scpere|c eccoun| cy |hc
sucs|o|ery compeny |.c. |¹|C v|oyu| vyeper ||¸em
||m||co 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.
21.4 CenPEEP – towards enhancing ef?ciency
'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 chen¸c |ssucs. l| |s e symco| of
|¹|C's proec||vc epproech |overos Grccnhousc
Ges ,G|G) rcouc||on eno comm||mcn| |overos
cnv|ronmcn|e| pro|cc||on. ¹hc ccn|rc hes cccn
cn|rus|co v||h somc of |hc S|re|c¸|c ln|||e||vcs such
es |mprovcmcn| |n |fnc|cncy eno rc||ec||||y. ¹hc
|hrus| hes cccn ¸|vcn |o cfnc|cncy |mprovcmcn|
|hrou¸h cus|om|zco |ncr¸y |fnc|cncy Vene¸cmcn|
Sys|cm ,||VS) eno rc||ec||||y |hrou¸h '|nov|co¸c
besco Ve|n|cnencc'. ¹hc 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 |hrou¸h sys|cme||c '|rco|c||vc
Ve|n|cnencc |ro¸rem', |c||ec||||y |mprovcmcn|
s|re|c¸|cs cy |e||urc mooc ene|ys|s |hrou¸h |c||ec||||y
Ccn|crco Ve|n|cnencc ,|CV) eno r|s| m|||¸e||on cy
||nenc|e| ||s| Op||m|ze||on ,||O).
¹hrou¸h |hcsc cffor|s, ovcr |hc ycers, morc |hen 3O
m||||on |ons of CO
2
hes cccn evo|oco |n |¹|C. ¹hc
|cchn|ce| ess|s|encc |o Ccn|||| hes cccn prov|oco
cy 0S/l| |hrou¸h 0S|O| eno ver|ous o|hcr 0S
35
th
Annual Report 2010-2011 39
|ns|||u|cs. Ccn|||| hes sherco ||s |nov|co¸c eno
cxpcr||sc of ccs| prec||ccs v||h 14 S|e|c u||||||cs |n
orocr |o |mprovc |hc|r cfnc|cncy eno rcoucc cercon
foo|pr|n|.
/ pro¦cc| on 'S|uoy on cnhenc|n¸ |fnc|cncy of
Opcre||n¸ ¹hcrme| |ovcr ||en|s |n |¹|C-lno|e' ves
comp|c|co v||h !epen ln|crne||one| /¸cncy for
Coopcre||on ,!lC/) vhcrc |cchn|ce| ess|s|encc ves
prov|oco cy cxpcr|s from e consor||um of |hrcc
!epencsc u||||||cs nemc|y ||cc|r|c |ovcr |cvc|opmcn|
Co., |yushu ||cc|r|c |ovcr Co. eno ¹hc Chu¸o|u
||cc|r|c |ovcr Co.
22. RURAL ELECTRIFICATION
|¹|C |hrou¸h ||s vho||y ovnco sucs|o|ery ||SC| |s
cerry|n¸ ou| |hc |mp|cmcn|e||on of rure| c|cc|r|nce||on
|n 29 o|s|r|c|s |n 5 S|e|cs nemc|y Veohye |reocsh,
Chhe||s¸erh, Or|sse, !her|heno eno \cs| bcn¸e|
unocr |e¦|v Genoh| Gremccn v|oyu|||eren /o¦ne
,|GGv/). 4315 un-c|cc|r|nco/ oc-c|cc|r|nco ,0|/||)
v|||e¸cs vcrc meoc rceoy eno 12.52 |ec bc|ov
|ovcr|y ||nc |ure| houscho|o conncc||ons vcrc
prov|oco our|n¸ |hc ||nenc|e| /cer 2O1O-11.
¹hc cumu|e||vc ech|cvcmcn| |||| 31.O3.2O11
|nc|uocs 14433 0|/|| v|||e¸cs vh|ch hevc cccn
c|cc|r|nco eno 23.23 |ec b|| conncc||ons hevc cccn
prov|oco.
bcs|ocs ecovc, 4443 per||e||y c|cc|r|nco v|||e¸cs
vcrc e|so meoc rceoy our|n¸ |hc nnenc|e| ycer 2O1O-
11. ¹hc cumu|e||vc ech|cvcmcn| of || |s 11279 ||||
31.O3.2O11.
23. 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. ¹hc
Compeny hes pu| |¹l 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|| pro¦cc|s/ s|e||ons/ ofnccs
of |¹|C.
|ur|n¸ |hc ycer 2O1O-11, 831 epp||ce||ons vcrc
rccc|vco unocr |hc |¹l /c|, ou| of vh|ch 813
epp||ce||ons vcrc rcp||co |o. ¹vc|vc \or|shops on
|¹l /c| hevc cccn conouc|co e| rc¸|one|
hceoquer|crs/ s|e||ons |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 eper| from |hc /|lO's
Confcrcncc hc|o |n !unc 2O1O. /n |n|crec||on scss|on
v||h |hc |c|c¸e|cs from Commonvce||h coun|r|cs
ves e|so or¸en|zco on O9.O2.2O11.
24. USING INFORMATION AND COMMUNICATION
TECHNOLOGY FOR PRODUCTIVITY ENHANCEMENT
/our Compeny hes |mp|cmcn|co en |n|crpr|sc
|csourcc ||enn|n¸ ,|||) pec|e¸c covcr|n¸ mex|mum
poss|c|c proccsscs ecross |hc or¸en|ze||on |nc|uo|n¸
sucs|o|er|cs. ln eoo|||on |o corc cus|ncss proccsscs
eno |mp|oycc Sc|f Scrv|cc func||one|||y, |hc |||
so|u||on e|so |nc|uocs c-procurcmcn|, |nov|co¸c
Vene¸cmcn|, bus|ncss ln|c|||¸cncc, |ocumcn|
Vene¸cmcn| eno vor|nov c|c. ¹o |e|c cerc of |hc
ncco for proccss oe|e e| ocs||op for ene|ys|s eno
mon||or|n¸, |l sys|cm hes cccn |mp|cmcn|co e| e||
p|en|s |n opcre||on. |l cesco epp||ce||ons for rce|
||mc pcrformencc mon||or|n¸ ene|ys|s hevc cccn
|mp|cmcn|co e| meny |oce||ons eno |hc rcme|n|n¸
|oce||ons v||| cc covcrco soon.
|c|vor| conncc||v||y hes cccn s|rcn¸|hcnco us|n¸
Vu|||-|ro|oco| |ecc| Sv||ch|n¸- v|r|ue| |r|ve|c
|c|vor| ,V||S-v||). benov|o|h of commun|ce||on
nc|vor| hes nov cccn oouc|co |o me|c |||
opcre||on fes|cr. |ur|hcr, e pere||c| commun|ce||on
nc|vor| from e||crne|c scrv|cc prov|ocr |s cc|n¸
erren¸co |o cnsurc mex|mum rc||ec||||y eno eve||ec||||y
of commun|ce||on nc|vor|.
/ s|e|c-of-|hc-er| |e|e Ccn|rc eno ccn|re||zco scrvcr
fec||||y |o ce|cr |hc cn||rc |¹|C |s |n opcre||on e|
|Ol|/. / o|ses|cr rccovcry ccn|rc |s e|so func||one|
e| |yocreceo.
/our compeny hes e|rceoy |mp|cmcn|co v|oco
confcrcnc|n¸ e| e|| |¹|C ||en| |oce||ons eno
sucs|o|er|cs vh|ch |s cc|n¸ cx|cns|vc|y usco for
Vene¸cmcn| Comm|||cc Vcc||n¸s eno |ro¦cc|
Von||or|n¸ on rc¸u|er ces|s. ¹h|s fec||||y e| |Vl |s e|so
nov cc|n¸ usco for conouc||n¸ v|r|ue| c|ess room
coech|n¸ for s|uocn|s |oce|co e| |¹|C s||cs.
25. NTPC GROUP: JOINT VENTURES AND
SUBSIDIARIES
/our Compeny hes formco 18 ¦o|n| vcn|urc Compen|cs
eno 5 sucs|o|ery Compen|cs for unocr|e||n¸ spcc|nc
cus|ncss ec||v|||cs. ¹hc nemc of ||pevev |ovcr
|cvc|opmcn| Compeny ||m||co, e vho||y ovnco
sucs|o|ery of |¹|C hes cccn s|ruc| off from |hc
|c¸|s|rer of Compen|cs, |C¹ of |c|h| & |eryene v.c.f.
28.O1.2O11 pursuen| |o Scc||on 5oO of |hc Compen|cs
/c|, 195o. /s such, |hc Compeny s|enos o|sso|vco
v.c.f. 28.O1.2O11.
¹hc nemcs of Sucs|o|er|cs eno !o|n| vcn|urc
35
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Annual Report 2010-2011 4O
Compen|cs eno |hc pcrccn|e¸c of your Compeny's
s|e|c |n |hcsc Compen|cs |s es fo||ovs:
¹hc 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 Vene¸cmcn| ||scuss|on & /ne|ys|s
scc||on. ¹hc 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|.
26. STATUTORY AND OTHER INFORMATION
REQUIREMENTS
lnforme||on rcqu|rco |o cc furn|shco es pcr |hc
Compen|cs /c|, 195o, ||s||n¸ /¸rccmcn| v||h S|oc|
|xchen¸cs, Govcrnmcn| ¸u|oc||ncs c|c. |s enncxco
Sucs|o|er|cs
|¹|C |lVl¹||
!o|n|
vcn|urcs
0|||||y |ovcr|cch ||o.
|¹|C-S/l| |ovcr
Compeny |v|. ||o.
|¹|C-/|s|om |ovcr
Scrv|cc |v|. ||o.
|¹|C-¹em||neou
|ncr¸y Compeny ||o.
/reve|| |ovcr
Compeny |v|. ||o.
|¹|C-SCC| G|oce|
vcn|urc |v|. ||o.
Vc¦e 0r¦e ||¸em
|v|. ||o
|¹|C-b||| |ovcr
|ro¦cc| |v|. ||o.
|ec|ne¸er |ovcr
Gcncre||n¸ Co. |v|. ||o.
b|-|¹|C |ncr¸y
Sys|cms ||o.
¹rensformcr &
||cc|r|ce|s |cr|e ||o.
|e|ne¸|r| Ges & |ovcr
|v|. ||o.
|e||one| ||¸h |ovcr
¹cs| |ecore|ory |v|.||o.
|e||one| |ovcr
|xchen¸c ||o.
ln|crne||one| Coe|
vcn|urcs |v|. ||o.
|ncr¸y |fnc|cncy
Scrv|ccs |v|. ||o.
Cl| |¹|C 0r¦e
|v|. ||o
/nushe||| v|ohyu|
||¸em ||o.
|¹|C ||cc|r|c Supp|y
Compeny ||o.
|¹|C v|oyu| vyeper
||¸em ||o.
|¹|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%
3O.17%
25%
1o.o7%
14.28%
25%
5O%
49%
1OO%
1OO%
o4.57%
74%
NTPC GROUP
|o |h|s rcpor| es cc|ov:
Particulars Annexure
Vene¸cmcn| ||scuss|on & /ne|ys|s l
|cpor| on Corpore|c Govcrnencc ll
lnforme||on on conscrve||on of cncr¸y,
|cchno|o¸y ecsorp||on eno forc|¸n
cxchen¸c cern|n¸s eno ou|¸o
lll
lnforme||on es pcr Compen|cs
,|er||cu|ers of |mp|oyccs) |u|cs, 1975**
lv
S|e|cmcn| pursuen| |o Scc||on 212 of
|hc Compen|cs /c|, 195o rc|e||n¸ |o
sucs|o|ery compen|cs
v
S|e||s||ce| oe|e of |hc ¸r|cvenccs vl
S|e||s||ce| |nforme||on on pcrsons
cc|on¸|n¸ |o Schcou|co Ces|c / ¹r|cc
ce|c¸or|cs
vll
lnforme||on on |hys|ce||y Che||cn¸co
pcrsons
vlll
0|GC-Commun|ce||ons on pro¸rcss
2O1O-11
l×
|ro¦cc| \|sc /sh 0||||se||on ×
**INFORMATION AS PER COMPANIES
(PARTICULARS OF EMPLOYEES) RULES, 1975
V|n|s|ry of Corpore|c /ffe|rs, |hrou¸h |o||nce||on
G.S.|. 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. ¹hc 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|. |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 /nnue|
Gcncre| Vcc||n¸ |o cc hc|o on 2O.O9.2O11.
27. STATUTORY AUDITORS
¹hc 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 |ess Gup|e & /ssoc|e|cs, |.|. Son| & Co.,
verme & verme, |ere|h & Co., b.C. !e|n & Co. eno S.|.
Vch|e & Co. vcrc eppo|n|co es !o|n| S|e|u|ory
/uo||ors for |hc nnenc|e| ycer 2O1O-11.
35
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Annual Report 2010-2011 41
28. MANAGEMENT COMMENTS ON STATUTORY
AUDITORS’ REPORT
¹hc S|e|u|ory /uo||ors of |hc Compeny hevc ¸|vcn en
un-que||nco rcpor| on |hc eccoun|s of |hc Compeny
for |hc ||nenc|e| /cer 2O1O-11.
29. REVIEW OF ACCOUNTS BY COMPTROLLER &
AUDITOR GENERAL OF INDIA
¹hc Comp|ro||cr & /uo||or Gcncre| of lno|e, |hrou¸h
|c||cr oe|co 2O.O5.2O11, hes ¸|vcn '|l|' Commcn|s on
|hc ||nenc|e| S|e|cmcn|s of your Compeny for |hc ycer
cnoco 31
s|
Verch 2O11 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
commcn|s of C&/G for |hc ycer 2O1O-11 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|.
30. COST AUDIT
/s prcscr|cco unocr |hc Cos| /ccoun||n¸ |ccoros
,||cc|r|c||y lnous|ry) |u|cs, 2OO1, |hc Cos| /ccoun||n¸
|ccoros erc cc|n¸ me|n|e|nco cy e|| s|e||ons of |hc
Compeny s|ncc |hc ycer 2OO2-O3. ¹hc cos| euo|| for
|hc ycer 2O1O-11 hes cccn comp|c|co eno |hc Cos|
/uo|| rcpor|s erc cc|n¸ sucm|||co cy |hc Cos|
/uo||ors.
31. BOARD OF DIRECTORS
Shr| /rup |oy Chouohury hes |e|cn ovcr es Che|rmen
& Vene¸|n¸ ||rcc|or of your Compeny v.c.f.
Scp|cmccr 1, 2O1O. Shr| |.S. Sherme ccesco |o cc
|hc Che|rmen & Vene¸|n¸ ||rcc|or of your Compeny
v||h cffcc| from 31.O8.2O1O on e||e|n|n¸ |hc e¸c of
supcrennue||on. ¹hc boero v|shcs |o p|ecc on rccoro
||s occp epprcc|e||on for |hc ve|uec|c scrv|ccs
rcnocrco cy Shr| |.S. Sherme our|n¸ h|s essoc|e||on
v||h |¹|C.
Shr| S.|. S|n¸h, |xccu||vc ||rcc|or hes |e|cn ovcr es
||rcc|or ,|umen |csourccs) v||h cffcc| from Oc|occr
1o, 2O1O.
Shr| |.|. V|sre, |xccu||vc ||rcc|or hes |e|cn ovcr es
||rcc|or ,Opcre||ons) v||h cffcc| from Oc|occr 19,
2O1O.
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| l.!. |epoor, Shr| /.|. Senve||e,
Shr| |enve| |e|h eno Shr| /ocsh !e|n 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|.
32. 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
¦uo¸mcn|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 2O1O-11 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 sefc¸uero|n¸ |hc essc|s
of |hc Compeny eno for prcvcn||n¸ eno oc|cc||n¸
freuo eno o|hcr |rrc¸u|er|||cs, eno
4. |hc ||rcc|ors heo prcperco |hc /nnue| /ccoun|s
on e ¸o|n¸ conccrn ces|s.
33. ACKNOWLEDGEMENT
/our ||rcc|ors ec|nov|co¸c 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,
||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 |c¸u|e|ory Comm|ss|on, /ppc||e|c ¹r|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
So||c||or Gcncre| of lno|e.
/our ||rcc|ors e|so convcy |hc|r ¸re|||uoc |o |hc
shercho|ocrs, ver|ous ln|crne||one| eno lno|en ben|s
eno ||nenc|e| lns|||u||ons for |hc connocncc rcposco
cy |hcm |n |hc Compeny. ¹hc 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 pro¦cc|s
of |hc Compeny. \c e|so ec|nov|co¸c |hc
cons|ruc||vc su¸¸cs||ons rccc|vco from Govcrnmcn|
eno |hc 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
,/rup |oy Chouohury)
Che|rmen & Vene¸|n¸ ||rcc|or
||ecc: |cv |c|h|
|e|c: /u¸us| O4, 2O11
35
th
Annual Report 2010-2011 42
Annexure-I to Directors’ Report
MANAGEMENT DISCUSSION AND ANALYSIS
INDUSTRY STRUCTURE AND DEVELOPMENTS
Structure of power market
|ovcr |s |rensec|co |n lno|e |er¸c|y |hrou¸h |on¸ |crm |ovcr
|urchesc /¸rccmcn|s ,||/) cn|crco cc|vccn Gcncre||n¸/
¹rensm|ss|on Compen|cs eno |hc ||s|r|cu||on u||||||cs. /
sme|| por||on |s |rensec|co |hrou¸h ver|ous shor|-|crm
mcchen|sms |||c |reo|n¸ |hrou¸h ||ccnsccs, c|-|e|cre|
|reo|n¸, |reo|n¸ |hrou¸h povcr cxchen¸cs eno ce|enc|n¸
mer|c| mcchen|sm ,|.c. 0nschcou|co ln|crchen¸c ,0l)
mcchen|sm).
ln |hc ycer 2O1O-11, erouno 9O% of povcr ¸cncre|co |n |hc
Coun|ry ves |rensec|co |hrou¸h |hc |on¸ |crm ||/ rou|c.
o.o% of |hc povcr ves |rensec|co |hrou¸h |reo|n¸
mcchen|sm vh|ch |nc|uoco |reo|n¸ |hrou¸h shor| |crm
||ccnsccs, c|-|e|cre| |reo|n¸, |reo|n¸ |hrou¸h povcr
cxchen¸cs eno |hc ce|encc 3.4% of |hc povcr ves
|rensec|co |hrou¸h 0l mcchen|sm. ,Sourcc: Ccn|re|
||cc|r|c||y |c¸u|e|ory Comm|ss|on)
SNAP SHOT 2010-11
Gross ennue| ¸cncre||on of |hc coun|ry hes crossco
|hc 8OO b0s mer| ,811.14 b0s).
|uc|cer ¸cncre||on ech|cvco rcmer|ec|c ¸rov|h re|c
of 4O.9% ouc |o |mprovco eve||ec||||y of nuc|cer fuc|.
Gcncre||on from hyoro cesco p|en|s e|so |mprovco
v||h e ¸rov|h re|c of 7.11% ouc |o rcv|ve| of ¸ooo
monsoon ef|cr |vo succcss|vc ycers of ocnc|cn| re|n
fe|| cono|||ons.
¹o|e| |hcrme| ¸cncre||on ech|cvco ¸rov|h re|c of
3.82%. Coe| cesco ¸cncre||on rccoroco ¸rov|h re|c
of 3.99 %.
/vcre¸c ||| of |hcrme| povcr pro¦cc|s ech|cvco
our|n¸ |hc ycer ves 75.O8%, es comperco |o 77.o8%
|n |hc prcv|ous ycer.
19 |hcrme| povcr s|e||ons v||h en e¸¸rc¸e|c |ns|e||co
cepec||y of 21,995 V\ opcre|co ecovc 9O% |||.
/ve||ec||||y of |hcrme| s|e||ons mer¸|ne||y rcoucco |o
84.24% from 85.1O% ech|cvco our|n¸ |hc prcv|ous
ycer.
S|n¸|c o|¸|| pce| ,9.8%) eno cncr¸y ,8.5%) ocnc||.
,Sourcc: /nnue| |cpor|, Ccn|re| ||cc|r|c||y /u|hor||y)
Existing Installed Capacity
¹hc |o|e| |ns|e||co cepec||y |n |hc coun|ry es on Verch 31,
2O11 ves 173,o2o.4O V\ v||h S|e|c Scc|or hev|n¸ e sherc of
47.49%, fo||ovco cy Ccn|re| Scc|or v||h 31.34% sherc eno
ce|encc 21.17% con|r|cu|co cy |r|ve|c Scc|or cn||||cs.
Sector Total Capacity (MW) % share
S|e|c 82,452.58 47.49%
Ccn|rc 54,412.o3 31.34%
|r|ve|c 3o,7o1.19 21.17%
Total* 173,626.40 100.00%
,Sourcc: Ccn|re| ||cc|r|c||y /u|hor||y)
*lnc|uo|n¸ |cncvec|c |ncr¸y Sourccs cepec||y ,||S) of
18,454.52 V\, cu| cxc|uo|n¸ cep||vc ¸cncre||n¸ cepec||y
conncc|co |o |hc ¸r|o ,19,5O9.49 V\ es on 31.3.2O11).
Cepec||y eoo|||on ¸e|nco momcn|um our|n¸ |hc ycer 2O1O-
11 v||h 12,1oO V\ ,cxc|uo|n¸ ||S) of cepec||y cc|n¸
eooco es comperco |o 9,585 V\ eooco our|n¸ |hc
prcv|ous ycer, rc¸|s|cr|n¸ e ¸rov|h of 2o.8o%.
Ou| of 14,227.91 V\ ,|nc|uo|n¸ ||S) eooco our|n¸ |hc
ycer |n |hc coun|ry, |hc Ccn|re| Scc|or con|r|cu|co |o en
eoo|||on of ecou| 24.O4%, S|e|c Scc|or 21.51% eno 54.45%
ves con|r|cu|co cy pr|ve|c scc|or.
¹hc |o|e| |hcrme| cepec||y, |nc|uo|n¸ ¸es s|e||ons eno o|csc|
¸cncre||on eccoun|s for ecou| o5% of |ns|e||co cepec||y of
|hc coun|ry fo||ovco cy hyoro cepec||y e| 21.o%. |uc|cer
s|e||ons eccoun| for 2.8O% eno |hc ce|encc 1O% |s
con|r|cu|co cy ||S.
Fuel Total Capacity (MW) % share
¹hcrme| 112,824.48 o5.O%
|yoro 37,5o7.4O 21.o%
|uc|cer 4,78O.OO 2.8%
|.|.S. 18,454.52 1%
Total 173,626.40 100.0%
,Sourcc: C|/'s mon|h|y rcpor| ÷ Verch 2O11)
\||h 93,918.38 V\ of |hc |ns|e||co cepec||y cesco on coe|
vh|ch |s 54.1O% of ne||on's cepec||y, coe| rcme|ns |hc |cy
fuc| for povcr ¸cncre||on.
Capacity Utilization
Cepec||y u||||se||on |n |hc lno|en povcr scc|or |s mcesurco
cy ||en| |oeo |ec|or ,|||).
Sector wise PLF (Thermal)
Sector
Plant Load Factor
2008-09 2009-10 2010-11
S|e|c 71.2 71.13 oo.72
Ccn|re| 84.3 85.o4 85.12
|r|ve|c 91.O 82.41 7o.7O
/|| lno|e 77.3 77.o8 75.O8
||| of ¹hcrme| s|e||ons occ||nco from 77.o8% |o 75.O8%
vh||c ||| of ¸es s|e||ons occ||nco from o7.32% c|oc|co |n
35
th
Annual Report 2010-2011 43
2OO9-1O |o oo.15% |n 2O1O-11. ¹hc occ||nc |n ||| ves
me|n|y on cec||n¸ oovn/ shu| oovn of un||s on eccoun| of
|ov schcou|c from ccncnc|ery s|e|cs eno ouc |o shor|e¸c /
poor que|||y of coe|.
,Sourcc: /nnue| rcpor| C|/)
Progress during 11
th
plan
besco on |hc pro¸rcss meoc so fer our|n¸ 11
|h
p|en, |hc
||enn|n¸ Comm|ss|on |n ||s m|o-|crm rcv|cv hes esscssco
|he| e¸e|ns| e |er¸c| of 78,7OO V\, e |o|e| cepec||y of o2,374
V\ |s cxpcc|co |o cc eooco |n |hc 11
|h
p|en.
Capacity in MW
Sector Thermal Hydro Nuclear Total Likely
Addition
Ccn|re| 24,84O 8,o54 3,38O 3o,874 21,222
S|e|c 23,3O1 3,482 O 2o,783 21,355
|r|ve|c 11,552 3,491 O 15,O43 19,797
Total 59,693 15,627 3,380 78,700 62,374
,Sourcc : ||enn|n¸ Comm|ss|on)
So fer, |n |hc 11
|h
||en, 34,4o2.2O V\ ,cxc|uo|n¸ ||S)
cepec||y hes cccn eooco ,up|o Verch 31, 2O11). ln
ecso|u|c |crms, |h|s cepec||y eoo|||on |n |hc 11
|h
p|en |s
much h|¸hcr es comperco |o |hc cepec||y eooco |n cech of
|es| |hrcc nvc ycer p|ens. |ur|n¸ nnenc|e| ycer 2O11-12,
17,oO1 V\ |s cxpcc|co |o cc eooco. ¹hc |ns|e||co cepec||y
eooco cy cno of 11
|h
||en vou|o cc 52,Oo3 V\ eno |hcrc
vou|o cc e shor|fe|| of 1o.53% v|s-e-v|s cepec||y cnv|se¸co
our|n¸ 11
|h
||en V|o-¹crm /ppre|se|
¹hc me|n rcesons for |||c|y shor|fe|| of cepec||y eoo|||on
|er¸c|s our|n¸ 11
|h
p|en erc oc|eyco supp|y of cqu|pmcn|,
non-scqucn||e| supp|y of me|cr|e| cy supp||crs, shor|e¸c of
s||||co menpovcr for cons|ruc||on eno comm|ss|on|n¸ of
pro¦cc|s, con|rec|ue| o|spu|cs emon¸ pro¦cc| eu|hor|||cs
con|rec|ors eno |hc|r suc-vcnoors, oc|ey |n rceo|ncss of
ce|encc of p|en|s cy |hc cxccu||n¸ e¸cnc|cs. ||fncu|||cs
hevc cccn cxpcr|cncco cy ocvc|opcrs |n |eno ecqu|s|||on,
rchec||||e||on of |ro¦cc| /ffcc|co |cop|c ,|/|s),
cnv|ronmcn|e| eno forcs| rc|e|co |ssucs, |n|cr-s|e|c |ssucs
eno ¸co|o¸|ce| surpr|scs |n hyoro pro¦cc|s. ¹hcsc |ssucs
con||nuc |o occc|cre|c |hc pecc of ocvc|opmcn| of povcr
pro¦cc|s.
Approach to 12
th
Plan
¹hc eoo|||on of ncv cepec|||cs |n cer||cr p|ens hes cccn
|neocque|c. ¹hou¸h |hc pos|||on hes |mprovco sucs|en||e||y
|n 11
|h
||en es |hc cepec||y eooco vou|o cc morc |hen |hc
cepec||y eooco |n |hc 9
|h
||en eno |hc 1O
|h
||en pu| |o¸c|hcr,
s|||| || v||| fe|| shor| of |hc |er¸c| cnv|se¸co for |hc 11
|h
||en
||sc|f. ln fec|, || v||| cc cvcn cc|ov, |hc |er¸c| rcv|sco our|n¸
m|o-|crm eppre|se| of 11
|h
p|en. /s rc¸eros 12
|h
||en,
cepec||y eoo|||on c|osc |o 1,OO,OOO V\ |s en||c|pe|co.
|ro¦cc|s of 58,O83 V\ erc e|rceoy unocr cons|ruc||on for
|||c|y ccncn| our|n¸ 12
|h
||en.
Capacity in MW
Particulars Hydro Thermal Nuclear Total
Ccn|re| 4,772 8,52o 7OO 13,998
S|e|c 455 11,24O O 11,695
|r|ve|c o2O 31,77O O 32,390
Total 5,847 51,536 700 58,083
,Sourcc: C|/ |cpor|)
ln |hc 12
|h
||en, sucs|en||e| cepec||y |s cxpcc|co |o cc
eooco |hrou¸h 0||re Vc¸e |ovcr |ro¦cc|s ,0V||s). / |o|e|
of 4 0V||s v||h p|ennco cepec||y of 1o,OOO V\ hevc cccn
everoco eno erc unocr ver|ous s|e¸cs of ocvc|opmcn|.
C|/ hes sc| up 18
|h
||cc|r|c |ovcr Survcy ,||S) Comm|||cc
|o forcces| c|cc|r|c||y ocmeno |n oc|e|| for |hc |crm|ne|
ycers of 12
|h
||en ,2O1o-17) eno pcrspcc||vc ocmeno for
|crm|ne| ycer of 13
|h
||en ,2O21-22) eno 14
|h
||en ,2O2o-
27). l| vou|o e|so s|uoy ce|c¸ory v|sc consump||on
pe||crn of ver|ous ce|c¸or|cs eno esscss prospcc||vc ¹&|
|osscs |n S|e|cs. |ur|hcr, |hc ||enn|n¸ Comm|ss|on hes sc|
up e \or||n¸ Group on |ovcr for nne||z|n¸ |hc |er¸c| for
12
|h
||en.
¹o cnsurc eocque|c eve||ec||||y of cncr¸y for fes|cr
cconom|c ¸rov|h eno e|so |o me|c |hc ¸rov|h |ru|y
|nc|us|vc cy prov|o|n¸ cncr¸y ecccss |o rure| popu|e||on
eno urcen poor, e mu|||o|mcns|one| epproech hes |o cc
eoop|co. ¹hc pecc of eoo|||on of povcr ¸cncre||on
cepec|||cs nccos |o cc s|cppco up. ln |hc proposco
cepec||y, cons|ocr|n¸ ||m||co fuc| rcsourccs, |hc me¦or
por||on |s cxpcc|co |o comc |hrou¸h cncr¸y cfnc|cn|
supcr-cr|||ce| |cchno|o¸y. ln orocr |o ech|cvc |hc 12
|h
||en
|er¸c| eno |n orocr |o eu¸mcn| |hc oomcs||c menufec|ur|n¸
cesc of me|n p|en| cqu|pmcn|, cu|| |cnocr|n¸ of supcr-
cr|||ce| un||s ves epprovco cy |hc Cec|nc| Comm|||cc on
lnfres|ruc|urc |n /u¸us| 2OO9 v||h cmphes|s on phesco
menufec|ur|n¸ pro¸remmc so |he| oomcs||c menufec|ur|n¸
cepec||y of supcr-cr|||ce| un||s |s cs|ec||shco |n |hc coun|ry
|hrou¸h ncv menufec|urcrs eper| from b|||.
lncrcesco pecc of povcr cepec||y eoo|||on nccos |o cc
coup|co v||h rcforms |n povcr o|s|r|cu||on scc|or s|ncc
/¹&C |osscs con||nuc |o cc vcry h|¸h. |ur|hcr, rcv|s|on of
|er|ffs erc no| |e||n¸ p|ecc rc¸u|er|y eno nnenc|e| |osscs of
S|e|c 0||||||cs erc moun||n¸ vh|ch ncco |o cc eoorcssco
v||h spcc|nc mcesurcs.
\||h |er¸cr eoo|||on |o povcr cepec|||cs, sucs|en||e|
|ncrcesc |n eve||ec||||y of fuc| vou|o cc rcqu|rco. S|ncc,
sucs|en||e| cepec||y eoo|||on vou|o cc |hrou¸h coe| cesco
pro¦cc|s, po||c|cs ncco |o cc ocvc|opco for cxp|ore||on
eno cxp|o||e||on of sucs|en||e||y |er¸c numccr of coe|
ocpos||s vh||c |ccp|n¸ |hc cnv|ronmcn|e| conccrns |n
m|no. |cccssery |nfres|ruc|urc for |mprov|n¸ re||-roeo
35
th
Annual Report 2010-2011 44
conncc||v||y eno coe| ¦c|||cs nccos |o cc cxpenoco.
|omcs||c coe| proouc||on nccos |o cc supp|cmcn|co
v||h |ncrcesco |mpor|s |o mcc| |hc ocmeno. /s fer es o|hcr
fuc|s |||c ¸es eno o|| erc conccrnco, cxp|ore||on po||c|cs
ncco |o cc rcnnco |o e||rec| me¦or ¸|oce| p|eycrs, |nvcs|ors
eno |cchno|o¸|cs. She|c ¸es procec|y ho|os |hc |cy |o
cnsurc |er¸c eve||ec||||y of ¸es vh|ch nccos |o cc cxp|orco.
Ve¦or |nvcs|mcn|s erc e|so rcqu|rco |o cc meoc |o ecccss
fuc| rcsourccs |oce|co |n o|hcr cncr¸y rcsourcc r|ch coun|r|cs.
GENERATION
lno|e ren|s 5
|h
|n |hc vor|o |n |crms of |o|e| c|cc|r|c||y
¸cncre|co ,Sourcc: \or|o |ncr¸y S|e||s||cs |cpor|, 2O1O).
|ovcvcr, |n |crms of pcr cep||e consump||on, || ren|s
emon¸ |hc |ovcs|. ¹hc |e||one| ||cc|r|c||y |o||cy ,|||)
s||pu|e|cs ¨povcr for e||' eno ennue| pcr cep||e consump||on
of c|cc|r|c||y |o r|sc |o 1OOO un||s cy 2O12. ¹hc po||cy e|ms
e| |nc|us|vc ¸rov|h of povcr scc|or cy prov|o|n¸ eocque|c
rc||ec|c povcr, e| efforoec|c cos| v||h ecccss |o e|| c|||zcns.
/s pcr C|/ rcpor|, Gcncre||on hes ¸rovn e| e C/G| of
5.17% s|ncc 2OO1-O2. |ur|n¸ 2O1O-11, ¸cncre||on hes
¸rovn cy 5.55%. ¹hc ocmeno pro¦cc||ons es pcr 17
|h
||S
for ncx| 1O-11 ycers on e||-lno|e ces|s shov |he| |hc cncr¸y
rcqu|rcmcn| eno ennue| pce| |oeo v||| cc 2.22 ||mcs eno
2.44 ||mcs rcspcc||vc|y of |hc cx|s||n¸ rcqu|rcmcn| es
oc|e||co hcrcunocr:
Year Energy
Requirement
(TWh)
Annual Peak
Load at Power
Stn. (GW)
2OO9-1O ,/c|.) 83O.594 119.1oo
2O1O-11 ,/c|.) 8o1.591 122.287
2O11-12 9o8.o59 152.74o
2O1o-17 1392.Ooo 218.2O9
2O21-22 1914.5O8 298.253
,Sourcc:17
|h
||cc|r|c |ovcr Survcy of C|/)
Existing Generation
¹hc |o|e| povcr eve||ec|c |n |hc coun|ry our|n¸ |hc ycer
2O1O-11 ves 811.14 c||||on un||s es comperco |o 7o8.43
c||||on un||s our|n¸ |es| ycer, rc¸|s|cr|n¸ e ¸rov|h of 5.55%
,¸cncre||on n¸urcs cxc|uoc ¸cncre||on from hyoro s|e||ons
up|o 25 V\).
Scc|or v|sc eno fuc| v|sc crce|-up of ¸cncre||on for |hc
ycer 2O1O-11 |s oc|e||co es unocr:
Sector Total Generation
(BUs)
% share
S|e|c Scc|or 343.3O 42.32%
Ccn|re| Scc|or 349 42.o7%
|v|. Scc|or 11o.14 14.32%
O|hcrs* 5.o1 9%
Total 811.14 100.00%
Fuel Type Total Generation
(BUs)
% share
¹hcrme| oo5.OO 81.98%
|yoro 114.2o 14.O9%
|uc|cer 2o.27 3.24%
O|hcrs* 5.o1 9%
Total 811.14 100.00%
* |nc|uo|n¸ lmpor| from bhu|en
,Sourcc: C|/'s |cpor|s)
/||hou¸h |hc S|e|c Scc|or eccoun|s for 47.49% of |ns|e||co
cepec||y, ||s con|r|cu||on |o ne||one| ¸cncre||on |s on|y
42.32%. Ccn|re| Scc|or u||||||cs hevc cc||cr pcrform|n¸
s|e||ons es comperco |o |hosc of S|e|c u||||||cs eno
con|r|cu|c 42.o7% of ne||on's ¸cncre||on v||h e sherc of
31.34% |n |ns|e||co cepec||y.
Main reasons for shortfall in generation in 2010-11 vis-
à-vis the target were as under:
• |oss of ¸cncre||on ouc |o oc|ey |n comm|ss|on|n¸ /
s|ec|||z|n¸ of ncv un||s.
• |oss of ¸cncre||on ouc |o cec||n¸ oovn of un||s ouc
|o |ov schcou|c from ccncnc|ery s|e|cs our|n¸ |hc
ycer 2O1O-11.
• Gcncre||on |n somc of |hc |hcrme| povcr p|en|s ves
rcs|r|c|co / p|en|s vcrc c|osco on eccoun| of shor|e¸c
/rccc|p| of vc|/|nfcr|or que|||y of coe|.
• |ur|n¸ |hc mon|hs of Vey, !unc, !u|y & /u¸us|, somc of
|hc povcr p|en|s |n |hc \cs|crn |c¸|on vcrc |cp|
c|osco on eccoun| of ecu|c shor|e¸c of ve|cr |n |hcsc
erces ouc |o ocnc|cn| re|nfe||s rccc|vco |n |hc ce|chmcn|
erce our|n¸ |hc ycers 2OO8-O9 eno 2OO9-1O.
• /f|cr err|ve| of ¸ooo Vonsoon |n |hc coun|ry, |hcrc ves
suoocn orop |n e¸r|cu||urc eno oomcs||c |oeos rcsu|||n¸
|n |ovcr mon|h|y ¸rov|h re|c. |ur|n¸ |hc mon|hs of
/u¸us| & Scp|cmccr, || fc|| cc|ov 2.O% e¸e|ns| 1%
& 7.9% mon|h|y ¸rov|h re|c ech|cvco our|n¸ |hc
corrcspono|n¸ mon|hs |n |hc ycer 2OO9-1O.
Demand and Supply position
¹hc supp|y of povcr |mprovco our|n¸ |hc ycer 2O1O-11
ov|n¸ |o |ncrcesc |n cepec||y |n coe| es vc|| es ¸es cesco
p|en|s.
|ncr¸y ocnc|| occ||nco on e ycer-on-ycer ces|s |n 2O1O-11
|o 8.5% from 1O.1%. ¹h|s |s e|so e||r|cu|co |o h|¸hcr
cepec||y eoo|||on.
|ce| |oeo ocmeno, |ncrcesco cy 2.o2% vhcrces pce|
supp|y ¸rcv cy O% rcsu|||n¸ |n occ||n|n¸ pce| |oeo
ocnc|| |o 9.8% |n 2O1O-11 from 12.7% |n |hc prcv|ous ycer.
,Sourcc : C|/ rcpor|s for /pr|| 2O11 & /pr|| 2O1O)
35
th
Annual Report 2010-2011 45
Years Peak De?cit % Energy De?cit %
2OOO-O1 13.O 7.8
2OO1-O2 11.8 7.5
2OO2-O3 12.2 8.8
2OO3-O4 11.2 7.1
2OO4-O5 11.7 7.3
2OO5-Oo 12.3 8.4
2OOo-O7 13.8 9.o
2OO7-O8 1o.o 9.8
2OO8-O9 11.9 11.1
2OO9-1O 12.7 1O.1
2O1O-11 9.8 8.5
2O11-12
*,/n||c|pe|co)
12.9 1O.3
*,Sourcc: C|/ |oeo Gcncre||on be|enc|n¸ |cpor| ,|Gb|)
2O11-12)
/s pcr lV|'s \or|o |conom|c Ou||oo| 2O11 ,/pr||), lno|e's
G|| |s cxpcc|co |o ¸rov e| 7.8%, ncx| on|y |o Ch|ne vh|ch
|s cxpcc|co |o ¸rov e| 9.5% |n ycer 2O12. ln orocr |o sus|e|n
|hc ¸rov|h |n G||, lno|e nccos |o eoo povcr ¸cncre||on
cepec||y commcnsure|c v||h |h|s pecc s|ncc ¸rov|h of
povcr scc|or |s s|ron¸|y co-rc|e|co v||h |hc ¸rov|h |n G||
eno ¸o|n¸ forvero || |s cxpcc|co |he| supp|y v||| crce|c
fur|hcr ocmeno.
C|/ |n ||s |Gb| 2O11-12 pro¦cc|co e rcqu|rcmcn| of 933.741
b0s for nnenc|e| ycer 2O11-12 es e¸e|ns| 17
|h
||cc|r|c |ovcr
Survcy ,||S) pro¦cc||on of 9o8.o59 b0s |n 2O11-12.
Ovcre||, |hc scc|or |s cherec|cr|zco cy ecu|c shor|e¸cs. ¹hc
ocmeno eno supp|y pos|||on our|n¸ |hc |es| scvcn ycer |n
|hc coun|ry |s |no|ce|co es unocr:
Actual Power Demand- Supply Position
Years Requirement Availability Surplus/De?cit (+/-)
,V0s) ,V0s) ,V0s) ,%)
2OO4-O5 591,373 548,115 -43,258 -7.3%
2OO5-Oo o31,554 578,819 -52,735 -8.4%
2OOo-O7 o9O,587 o24,495 -oo,O92 -9.o%
2OO7-O8 737,O52 oo4,ooO -72,392 -9.8%
2OO8-O9 777,O39 o91,O38 -8o,OO1 -11.1%
2OO9-1O 83O,594 74o,o44 -83,95O -1O.1%
2O1O-11 8o1,591 788,355 -73,23o -8.5%
2O11-12
,/n||c|pe|co)
933,741 837,374 -9o,3o7 -1O.3%
V0s ocno|c V||||on un||s.
,Sourcc: |xccu||vc Summery |cpor|s of C|/ eno C|/ |Gb| 2O11-12)
¹hc ocnc|| for |hc ycer 2O11-12 |s cxpcc|co |o |ncrcesc |o
1O.3% from 8.5% |n 2O1O-11.
Consumption
¹hc cno uscrs of povcr cen cc croeo|y c|ess|nco |n|o
|nous|r|e|, e¸r|cu||ure|, oomcs||c eno commcrc|e|
consumcrs. ¹hcsc consumcrs rcprcscn|co epprox|me|c|y
38%, 2O%, 23% eno 1O% rcspcc||vc|y of povcr
consump||on mcesurco cy un||s of c|cc|r|c||y consumco |n
nnenc|e| ycer 2OO9-1O ,Sourcc: V|n|s|ry of S|e||s||cs eno
|ro¸remmc lmp|cmcn|e||on).
lno|e hes vcry |ov pcr cep||e povcr consump||on. ¹hc pcr
cep||e consump||on of povcr |n lno|e hes |ncrcesco from
o31.5O un||s |n 2OO5-Oo |o 733.5 un||s |n 2OO8-O9 ,Sourcc:
C|/). lno|e s|||| hes onc of |hc |ovcs| pcr cep||e povcr
consump||on comperco |o |hc vor|o evcre¸c of 275O un||s
|n 2OOo ,Sourcc: \or|o |cvc|opmcn| |cpor|, 2O1O).
TRANSMISSION AND DISTRIBUTION
ln lno|e, |hc povcr |rensm|ss|on eno o|s|r|cu||on ,¹&|)
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. ¹hc 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 0||||||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.
¹hc rc¸|one| ¸r|os erc cc|n¸ ¸reoue||y |n|c¸re|co |o form e
ne||one| ¸r|o cnec||n¸ |n|cr-rc¸|one| |rensm|ss|on of povcr
fec||||e||n¸ op||me| u||||ze||on of |hc ne||one| ¸cncre||n¸
cepec||y.
/n |n|c¸re|co povcr |rensm|ss|on ¸r|o vou|o hc|p |o cvcn
ou| supp|y ocmeno m|sme|chcs. ¹hc cx|s||n¸ |n|cr-rc¸|one|
|rensm|ss|on cepec||y of ecou| 22,4OO V\ conncc|s |hc
nor|hcrn, vcs|crn, ces|crn, eno nor|h-ces|crn rc¸|ons |n
synchronous mooc opcre||n¸ e| |hc semc frcqucncy eno
|hc sou|hcrn rc¸|on |n esynchronous mooc. ¹h|s hes
cnec|co |n|cr-rc¸|one| cncr¸y cxchen¸cs of ecou| 38,OOO
m||||on un||s |n nnenc|e| ycer 2O1O-11 ,|||| |ovcmccr 2O1O),
|hus con|r|cu||n¸ |o ¸rce|cr u||||ze||on of ¸cncre||on cepec||y
eno en |mprovco povcr supp|y pos|||on. |ropose|s erc
unocr vey |o hevc synchronous |n|c¸re||on of |hc sou|hcrn
rc¸|on v||h |hc rcs|. ,Sourcc: |conom|c Survcy, 2O1O-11)
Private Sector Participation in Transmission/Distribution
|e||one| ||cc|r|c||y |o||cy, 2OOo, |ssuco ¸u|oc||ncs for
cncoure¸|n¸ compc||||on |n ocvc|opmcn| of |rensm|ss|on
pro¦cc|s eno |er|ff cesco compc||||vc c|oo|n¸ ¸u|oc||ncs
for |rensm|ss|on scrv|ccs. ¹hcsc ¸u|oc||ncs e|mco e|
fec||||e||n¸ compc||||on |n |hc scc|or |hrou¸h v|oc
per||c|pe||on |n prov|o|n¸ |rensm|ss|on scrv|ccs eno |er|ff
oc|crm|ne||on |hrou¸h e proccss of |er|ff cesco compc||||vc
c|oo|n¸. So fer, s|x |rensm|ss|on pro¦cc|s hevc cccn
everoco. |ur|hcr, |vo schcmcs |n vcs|crn rc¸|one| sys|cm
3.8% 8.5% 7.5% 9.5% 9.o% 9.3% o.8% 8.O% 8.o%
4.5% 2.4% 5.7% o.8% 9.3% o.7% 5.4% o.9% 3.8%
|ce| G||
Grov|h
/-o-/
|cmeno
Grov|h
|ncr¸y
|cmeno
,b0)
54o
559
591 o32
o91
737
777
831
8o2
1,392
|/ O3 |/ O4 |/ O5 |/ Oo |/ O7 |/ O8 |/ O9 |/ 1O |/ 11 |/ 17|
35
th
Annual Report 2010-2011 4o
hevc cccn comm|ss|onco cy pr|ve|c scc|or compen|cs.
/per| from |hc ecovc |hcrc |s ec||vc per||c|pe||on cy pr|ve|c
scc|or |hrou¸h puc||c pr|ve|c per|ncrsh|p |hrou¸h !v
rou|c.
||cc|r|c||y /c|, 2OO3 ,|/ 2OO3) prov|ocs for pr|ve|c
per||c|pe||on |n o|s|r|cu||on. l| fur|hcr prov|ocs for
o|s|r|cu||on ||ccnscc |o eppo|n| e french|scc |o o|s|r|cu|c
povcr v||hou| epp|y|n¸ for o|s|r|cu||on ||ccnsc. |vcn
|hou¸h, pr|ve||z|n¸ o|s|r|cu||on |s onc of |hc s|mp|cs| form
of rcform, s|ncc || |nvo|vc chen¸c |n ovncrsh|p eno |hus
o|rcc||y effcc||n¸ |hc cmp|oyccs, |hc S|e|cs hevc cccn
rc|uc|en| |o pr|ve||zc o|s|r|cu||on. ln |h|s sccner|o,
o|s|r|cu||on french|s|n¸ |s cmcr¸|n¸ es en e||crne||vc so|u||on
eno somc of |hc S|e|cs hevc |e|cn |n|||e||vcs |n |h|s o|rcc||on.
POWER TRADING
¹reo|n¸ of povcr |s rcco¸n|zco es e o|s||nc| ||ccnsc ec||v||y
unocr |hc |/ 2OO3. ¹hc Ccn|re| eno S|e|c ||cc|r|c||y
|c¸u|e|ory Comm|ss|ons hevc povcrs |o ¸ren| |n|cr-s|e|c
eno |n|re-s|e|c |reo|n¸ ||ccnscs. /s pcr C||C, |hcrc erc 4O
|n|cr-s|e|c |reo|n¸ ||ccnsccs on Verch 31, 2O11.
Currcn| per||c|pen|s |n |hc povcr |reo|n¸ cus|ncss |nc|uoc
|¹C, |vv|, ¹e|e |ovcr ¹reo|n¸ Compeny ||m||co eno GV|
|ncr¸y ||m||co, emon¸ o|hcrs. ¹hc fo||ov|n¸ |ec|c shovs
|hc vo|umc of povcr |reoco |n lno|e for |hc pcr|oos
|no|ce|co:
PARTICULARS FY 2010-11 FY 2009-10
|ovcr |reoco ,|n b0s) 53.48 33.91
||cc|r|c||y |reoco es % |o
|o|e| ¸cncre||on o.o% 4.44%
,Sourcc: C||C)
lno|e hes |vo povcr cxchen¸cs ÷ lno|en |ncr¸y |xchen¸c
,l|×) eno |ovcr |xchen¸c lno|e ||m||co ,|×l|). |ur|n¸
|hc ycer 2O1O-11, 13.54 b0s hevc cccn |reoco |hrou¸h
|hcsc cxchen¸cs. ¹hc |reo|n¸ pr|cc ren¸c e| |hc ecovc
cxchen¸cs |n |hc ycer 2O1O-11 ves cc|vccn ` 2.O4/un||
eno ` 7.75/un||.
Opcn ecccss |n |n|cr-s|e|c |rensm|ss|on |s fu||y opcre||one|.
¹o coos| opcn ecccss, |hc C||C hes no||nco e rc¸u|e||on
on conncc||v||y, |on¸-|crm ecccss eno mco|um-|crm opcn
ecccss |n |n|cr-s|e|c ¹rensm|ss|on.
Onc of |hc |mpor|en| fce|urcs of |hcsc rc¸u|e||ons |s |he|
|hc |hcrme| ¸cncre||n¸ compeny of e| |ces| 5OO V\ cepec||y
eno hyoro ¸cncre||n¸ compeny of e| |ces| 25O V\ cepec||y,
|rrcspcc||vc of ovncrsh|p ,vhc|hcr ¸ovcrnmcn| or pr|ve|c
scc|or) cen cc conncc|co |o |hc ¸r|o o|rcc||y eno |hcrc v|||
cc no rcqu|rcmcn| of cons|ruc||n¸ e oco|ce|co |rensm|ss|on
||nc |o |hc ncercs| poo||n¸ s|e||on of |hc |n|cr-s|e|c
|rensm|ss|on sys|cm.
¹hc rc¸u|e||ons on opcn ecccss |n |n|cr-s|e|c |rensm|ss|on
eno on |n|cr-s|e|c |reo|n¸ erc |ssuco cy |hc Ccn|re| ||cc|r|c||y
|c¸u|e|ory Comm|ss|on ,C||C). ¹hc rcspons|c||||y for
|n|roouc||on of opcn ecccss e| o|s|r|cu||on |cvc| rcs|s v||h
|hc S|e|c ||cc|r|c||y |c¸u|e|ory Comm|ss|ons ,S||Cs).
¹hc |o|e| numccr of |rensec||ons unocr opcn ecccss e|
|n|cr-s|e|c |cvc| |ncrcesco from 778 |n 2OO4-O5 |o 18,128 |n
2OO9-1O. ¹hc Ccn|re| ¹rensm|ss|on 0n|| ,C¹0) hes rccc|vco
225 epp||ce||ons from pr|ve|c ocvc|opcrs for |on¸- |crm
opcn ecccss emoun||n¸ |o 1,o2,898 V\. /| S|e|c |cvc|, es
pcr |nforme||on eve||ec|c v||h |hc |orum of |c¸u|e|ors
Sccrc|er|e|, 24 S||Cs hevc no||nco |crms eno cono|||ons of
opcn ecccss rc¸u|e||ons, 2O hevc oc|crm|nco cross-sucs|oy
surcher¸c, 25 hevc e||ovco opcn ecccss up |o 1 V\, 22
hevc oc|crm|nco |rensm|ss|on cher¸cs, eno 18 hevc
oc|crm|nco vhcc||n¸ cher¸cs. ¹hc |ovcr Sys|cm Opcre||on
Corpore||on ||m||co ,|OSOCO), hes cccn opcre||one||zco
cy |hc Govcrnmcn| of lno|e v||h cffcc| from 1
s|
Oc|occr
2O1O |o mene¸c |oeo o|spe|ch func||ons cer||cr cc|n¸
mene¸co cy |hc C¹0, |.c. |O\||G|l|. ,Sourcc: |conom|c
Survcy 2O1O-11)
RURAL ELECTRIFICATION
/s pcr Ccn|re| ||cc|r|c||y /u|hor||y ,C|/), erouno 9%
v|||e¸cs hevc cccn c|cc|r|nco cy cno Verch 2O11. ¹hc
Ccn|re| Govcrnmcn| |eunchco e schcmc ¨|e¦|v Genoh|
Gremccn v|oyu|||eren /o¦ene' ,|GGv/) |n /pr|| 2OO5 v||h
|hc ¸oe| of c|cc|r|fy|n¸ e|| ,erouno 1185OO) un-c|cc|r|nco
v|||e¸cs eno hem|c|s eno prov|o|n¸ ecccss |o c|cc|r|c||y |o
e|| houscho|os |n ncx| nvc ycers. 0nocr |GGv/, 97177
v|||e¸cs hevc cccn c|cc|r|nco eno conncc||ons |o 1.o2
crorc bc|ov |ovcr|y ||nc ,b||) houscho|os hevc cccn
rc|cesco up |o 15.O5.2O11.
,Sourcc: V|n|s|ry of |ovcr ÷|GGv/ pro¦cc|s)
R-APDRP
/ccc|cre|co |ovcr |cvc|opmcn| eno |cforms |ro¸remmc
,/||||) ves moo|nco eno rcnemco es |cs|ruc|urco /||||
,|-/||||). |-/|||| |s ||n|co |o ec|ue| ocmons|rec|c
pcrformencc |n |crms of /¹&C |oss rcouc||on |o 15% or
|css cy |hc cno of 11
|h
p|en |hrou¸h eoop||on of l¹ for
cncr¸y eccoun||n¸/euo|||n¸, s|rcn¸|hcn|n¸ /up-¸reoe||on of
o|s|r|cu||on nc|vor|, cepec||y cu||o|n¸ eno peymcn| of
|nccn||vcs |o u|||||y pcrsonnc| for cr|n¸|n¸ oovn |hc /¹&C
|osscs cc|ov |hc cesc||nc |cvc|s.
/|||| eno |-/|||| hevc cccn succcssfu| |n cr|n¸|n¸ oovn
|hc /¹&C |osscs from 38.8o% |n 2OO1-O2 |o 28.44% |n
2OO8-O9. |ovcvcr, vc erc s|||| fer cch|no |hc |er¸c| of
rcouc|n¸ /¹&C |osscs |o 15% cy 2O11-12. |ur|hcr, |hc
|mpec| of |hc pro¸rem on nnenc|e|s of S|e|c 0||||||cs hes no|
cccn s|¸n|ncen|.
POLICY FRAMEWORK
lno|en |ovcr Scc|or |s ¸ovcrnco cy Electricity Act 2003
(EA 2003) vh|ch prov|ocs |hc ovcre|| |c¸|s|e||vc
fremcvor|.
35
th
Annual Report 2010-2011 47
|/ 2OO3 hes promo|co e ||ccre|, |renspercn| eno cnec||n¸
|c¸e| fremcvor| for povcr ocvc|opmcn| for crce||on of e
compc||||vc cnv|ronmcn| eno rcform|n¸ o|s|r|cu||on
sc¸mcn| of povcr |nous|ry. l| e||ovs opcn ecccss |n
|rensm|ss|on eno o|s|r|cu||on. l| prov|ocs for rc¸u|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:
1. |e||one| ||cc|r|c||y |o||cy, 2OO5
2. ¹er|ff |o||cy, 2OOo
3. |ure| ||cc|r|c||y |o||cy, 2OOo
4. |e||one| |yoro |o||cy, 2OO8
5. |cv|sco Vc¸e |ovcr |ro¦cc| |o||cy, 2OO9
/ fcv of |hc me¦or po||cy / rc¸u|e|ory |n|||e||vcs of |hc
rcccn| pes| erc:
e) Schcmc for Supp|y of |ovcr |o |ure| |ouscho|os
no||nco cy V|n|s|ry of |ovcr |n /pr||, 2O1O.
c) ln|cr-S|e|c ¹reo|n¸ Ver¸|n |c¸u|e||ons, 2O1O
c) |cv lno|en ||cc|r|c||y Gr|o Cooc ,l|GC), 2O1O
o) /mcnomcn|s |o 0nschcou|co ln|crchen¸c ,0l)
|c¸u|e||ons, 2O1O
c) |c¸u|e||ons on ¨¹crms eno Cono|||ons for ¹er|ff
oc|crm|ne||on from |cncvec|c |ncr¸y Sourccs',
2OO9.
RECENT INITIATIVES
(a) CERC (Terms and Conditions for Renewable Energy
Certi?cate for Renewable Energy Generation)
Regulations, 2010.
/s pcr |hc Scc||on 8o ,1) ,c) of |hc |/ 2OO3, |hc S|e|c
||cc|r|c||y |c¸u|e|ory Comm|ss|ons hevc cccn
eu|hor|zco |o spcc|fy e pcrccn|e¸c of |hc |o|e|
consump||on of c|cc|r|c||y |n |hc erce of e o|s|r|cu||on
||ccnscc from rcncvec|c cncr¸y sourccs. /s pcr |h|s
prov|s|on, mos| of |hc S||Cs hevc no||nco |hc rcqu|rco
|cncvec|c |urchesc Oc||¸e||ons ,||O) for |hc
o|s|r|cu||on ||ccnsccs. ln orocr |o promo|c |nvcs|mcn|s
|n |hc rcncvec|c cncr¸y ¸cncre||on |n |hc coun|ry,
C||C hes |ssuco C||C ,¹crms eno Cono|||ons for
rcco¸n|||on eno |ssuencc of |cncvec|c |ncr¸y
Ccr||nce|c for |cncvec|c |ncr¸y Gcncre||on)
|c¸u|e||ons, 2O1O on 14.O1.2O1O. ¹hc ||C mcchen|sm
cnv|se¸co |n |h|s |c¸u|e||on e|ms e| eoorcss|n¸ |hc
m|sme|ch cc|vccn eve||ec||||y of || rcsourccs |n |hc
s|e|cs eno rcqu|rcmcn| of |hc oc||¸e|co cn||||cs |o
mcc| |hc rcncvec|c purchesc oc||¸e||ons. 0nocr |h|s
|c¸u|e||on, ||C v||| cc |ssuco |o || ¸cncre|ors no|
sc|||n¸ c|cc|r|c||y from || sourccs |hrou¸h prcfcrcn||e|
|er|ff rou|cs. ¹hcsc || ¸cncre|ors cen sc|| |hc
cnv|ronmcn| e||r|cu|cs of |hc ¸cncre||on |n |hc form of
||Cs, vh|ch erc |reoec|c |n |hc povcr cxchen¸cs.
¹hcsc || Ccr||nce|cs cen cc procurco cy |hc
o|s|r|cu||on ||ccnsccs |o mcc| |hc|r rcncvec|c
purchesc oc||¸e||ons.
(b) Amendment of Coal Linkage Policy for 12
th
Plan
Power Projects
Govcrnmcn| of lno|e hes moo|nco |hc cr||cr|e for coe|
||n|e¸cs for povcr pro¦cc|s |n 12
|h
||en. |ov, oreve|
of coe| v||| cc suc¦cc| |o 85% of povcr cc|n¸ ||co up
|hrou¸h |on¸ ¹crm ||/s v||h ||scoms |hrou¸h |er|ff
cesco compc||||vc c|oo|n¸ ,cxccp| for |S0 pro¦cc|s
vhcrc ||/s vcrc s|¸nco cy 5.1.2O11)
(c) Procedure for the implementation of the
Mechanism of Renewable Regulatory Fund (RRF)
under Indian Electricity Grid Code Regulation,
2010.
¹hc Ccn|re| ||cc|r|c||y |c¸u|e|ory Comm|ss|on hes
epprovco |hc proccourc for mcchen|sm of
|cncvec|c |c¸u|e|ory |uno epp||cec|c for v|no
ferms v||h e co||cc||vc cepec||y of 1O V\ eno ecovc
eno so|er p|en| cepec||y of 5 V\ eno ecovc. ¹hc
funo hes cccn crce|co v||h e v|cv |o compcnse|c
|hc v|no eno so|er cncr¸y r|ch S|e|cs for oce||n¸ v||h
|hc ver|ec|c ¸cncre||on. ¹h|s |uno she|| cc opcnco
cy |hc |e||one| |oeo |cspe|ch Ccn|rc ,|||C) on e
ne||one| |cvc| on |hc ||ncs of 0l |oo| /ccoun| e| |hc
|c¸|one| |cvc|. /|| peymcn|s on eccoun| of |cncvec|c
|c¸u|e|ory cher¸cs |cv|co unocr |hc |c¸u|e||ons, eno
|n|crcs|, |f eny, rccc|vco for |e|c peymcn| she|| cc
crco||co |o |hc |||.
(d) Sharing of Inter-state Transmission Charges and
Losses Regulations, 2010.
C||C hes crou¸h| |n e ncv epproech |n pr|c|n¸ of
|rensm|ss|on |n lno|e cy |n|roouc|n¸ e rc¸u|e||on ce||co
C||C ,Sher|n¸ of ln|cr S|e|c ¹rensm|ss|on Cher¸cs eno
|osscs) |c¸u|e||on, 2O1O on 15.Oo.2O1O. /s pcr |hc
ncv |c¸u|e||ons, |hc sher|n¸ of |n|cr-s|e|c |rensm|ss|on
cher¸cs & |osscs v||| cc ce|cu|e|co cesco on |o|n| of
Conncc||on cher¸|n¸ mc|hoo us|n¸ |oeo-nov ene|ys|s.
ln |hc currcn| rc¸|mc, |hc |rensm|ss|on cher¸cs & |osscs
for |n|cr-s|e|c |rensm|ss|on sys|cm erc e||oce|co on |hc
ces|s of rc¸|one| pos|e¸c s|emp mc|hoo. /s pcr |hc
ncv |c¸u|e||ons, vh|ch v||| cc cffcc||vc from
1.O7.2O11, nc|vor| uscrs she|| cc cher¸co es pcr |hc|r
ec|ue| use¸c of |hc |rensm|ss|on sys|cm re|hcr |hen
con|rec| pe|hs, |hcrccy re||one||z|n¸ |hc pr|c|n¸
mcchen|sm. ¹h|s |c¸u|e||on e|so rcqu|rcs |he| e||
nc|vor| uscrs |nc|uo|n¸ ln|cr S|e|c Gcncre||n¸ S|e||ons
,lSGS), ccncnc|er|cs, S|e|c ¹rensm|ss|on 0||||||cs
,S¹0s), cu|| consumcrs, |rensm|ss|on ||ccnsccs |o s|¸n
35
th
Annual Report 2010-2011 48
¹rensm|ss|on Scrv|cc /¸rccmcn| es epprovco cy C||C
con|e|n|n¸ ver|ous |crms & cono|||ons rc|e|co |o c||||n¸
& co||cc||on of cher¸cs. |ovcvcr, for |hc nrs| |vo
ycers ,2O11-12 & 2O12-13), |hc |rensm|ss|on cher¸cs
v||| cc ce|cu|e|co v||h 5O% vc|¸h|e¸c cech for |hc
cx|s||n¸ pos|e¸c s|emp mc|hoo eno |hc ncv |o|n| of
Conncc||on mc|hoo. ¹h|s v||| cc rcv|cvco ef|cr |vo
ycers.
(e) CERC (Terms and Conditions of Tariff) (Second
Amendment) Regulations, 2011
¹hc Ccn|re| ||cc|r|c||y |c¸u|e|ory Comm|ss|on hes
meoc ccr|e|n emcnomcn|s |o ¹er|ff |c¸u|e||ons, 2OO9
on 21.Oo.2O11. /s pcr |h|s, |hc fo||ov|n¸ cep||e|
cxpcno||urc hes cccn eom|||co cy |hc Comm|ss|on,
suc¦cc| |o pruocncc chcc|:
e. ln cesc of ¸es/||qu|o fuc| cesco ¸cncre||n¸
s|e||ons, eny cxpcno||urc vh|ch cccomc
ncccssery on rcnove||on of ¸es |urc|ncs ef|cr 15
ycers of opcre||on from ||s CO| eno |hc
cxpcno||urc ncccssery ouc |o ocso|csccncc or
non-eve||ec||||y of spercs for succcssfu| eno
cfnc|cn| opcre||on of |hc s|e||ons.
c. Cep||e| cxpcno||urc ncccss||e|co on eccoun| of
moo|nce||ons rcqu|rco or oonc |n fuc| rccc|p|
sys|cm er|s|n¸ ouc |o non-me|cr|e||se||on of fu||
coe| ||n|e¸c |n rcspcc| of |hcrme| ¸cncre||n¸
s|e||ons er|s|n¸ from c|rcums|enccs no| v||h|n |hc
con|ro| of ¸cncre||n¸ s|e||on.
OPPORTUNITIES AND THREATS
Opportunities
Increasing demand for electricity
/||hou¸h, |hc lno|en povcr scc|or |s onc of |hc fes|cs|
¸rov|n¸ scc|ors |n |hc vor|o eno cncr¸y eve||ec||||y hes
|ncrcesco, |hc ocmeno for povcr ou|s|r|ps |hc supp|y.
¹hcrc |s, |hcrcforc, emp|c scopc for rep|o cepec||y
cxpens|on. /||hou¸h, |hc pce| eno cncr¸y ocnc||s hevc
rcoucco ovcr |hc ycers, hovcvcr, |hcy erc cxpcc|co |o
rcme|n h|¸h. ¹hc en||c|pe|co cncr¸y rcqu|rcmcn| |n 2O11-
12 v||| cc 9o8.o59 b0s. ¹hc ocmeno |s fur|hcr cxpcc|co |o
cc of |hc orocr of 1914.5O8 b0s cy 2O21-22.
Conducive Regulatory Framework for investment by
Private Sector
¹o eccc|cre|c |hc ocvc|opmcn| of |ovcr Scc|or Gol hes
|e|cn scvcre| po||cy |n|||e||vcs vh|ch hevc coos|co |hc
connocncc of pr|ve|c |nvcs|ors |o |nvcs| |n |ovcr Scc|or.
|/ 2OO3 hes prov|oco |mpc|us |o |hc per||c|pe||on of
|r|ve|c Scc|or |n Gcncre||on eno ¹rensm|ss|on. |ur|hcr,
po||c|cs on opcn ecccss eno |er|ff fremcvor| hevc crce|co
en cnec||n¸ cnv|ronmcn| for |hc pr|ve|c scc|or.
Ultra Mega Power Projects
Gol |eunchco en |n|||e||vc for |hc ocvc|opmcn| of coe|
cesco 0||re Vc¸e |ovcr |ro¦cc|s v||h cepec||y of 4OOO
V\ cech v||h |hc oc¦cc||vc |o cnsurc chcepcr |er|ffs
u||||z|n¸ cconom|cs of sce|c, ce|cr|n¸ |o |hc ncco of S|e|cs
eno |o m|||¸e|c |hc r|s|s rc|e||n¸ |o ||c up of |eno, fuc|, ve|cr
eno o|hcr s|e|u|ory c|cerenccs. ¹o ||c up |hc ncccssery
|npu|s eno c|cerenccs shc|| compen|cs ,S|vs) hevc cccn
sc|-up es vho||y ovnco sucs|o|er|cs of ||C. ¹hcsc S|vs
e|on¸ v||h ver|ous c|cerenccs erc sucscqucn||y |rensfcrrco
|o |hc succcssfu| ocvc|opcr.
So fer, 4 such pro¦cc|s hevc cccn everoco |hrou¸h
|n|crne||one| compc||||vc c|oo|n¸ rou|c nemc|y Sesen |n
V|, Vunore |n Gu¦ere|, |r|shnepe|nem |n /| eno ¹||e|ye |n
!her|heno. /s pcr |conom|c Survcy 2O1O-11, |vo un||s of
8OO V\ cech of |hc Vunore 0V|| erc cxpcc|co |o cc
comm|ss|onco |n |hc 11
|h
||en. Govcrnmcn| hes occ|oco |o
|nc|uoc en eoo|||one| c|oo|n¸ que||nce||on cr||cr|on s|e||n¸
|he| no c|oo|n¸ compeny or ¸roup mey ho|o morc |hen 3
0V||s e| |hc prc-comm|ss|on|n¸ s|e¸c.
UMPPs at Glance
Particulars No. of UMPPs Capacity (MW)
¹o|e| 0V||s
|nv|se¸co
1o o4OOO
S|vs lncorpore|co 12 48OOO
/veroco 4 1oOOO
,Sourcc: |ovcr ||nencc Corpore||on)
Transmission
\||h focus on |ncrces|n¸ ¸cncre||on cepec||y ovcr |hc ncx|
occeoc, commcnsure|c |nvcs|mcn| vou|o e|so cc rcqu|rco
|n |rensm|ss|on. S|ncc, povcr ¸cncre||on rcsourccs es vc||
es |oeo ccn|rcs erc uncvcn|y o|s|r|cu|co |n |hc coun|ry, || |s
ncccssery |o hevc en |n|c¸re|co ocvc|opmcn| of |rensm|ss|on
eno o|s|r|cu||on sys|cm. ¹hc sys|cm shou|o fec||||e|c |rensfcr
of povcr, ecsorp||on of povcr, |e||n¸ cerc of |hc opcn
ecccss sys|cm, ocvc|opmcn| of sccurc eno cfnc|cn|
c|cc|r|c||y mer|c|. ¹hc rc¸|one| ¸r|os erc cc|n¸ ¸reoue||y
|n|c¸re|co |o form e ne||one| ¸r|o cnec||n¸ |n|cr-rc¸|one|
|rensm|ss|on of povcr fec||||e||n¸ op||me| u||||ze||on of |hc
ne||one| ¸cncre||n¸ cepec||y |hcrccy prov|o|n¸ en
oppor|un||y for |nvcs|mcn| |n |rensm|ss|on pro¦cc|s.
Renewable Energy
|cspono|n¸ |o |hc ce|| for ec||on for me|n|e|n|n¸ c||me|c
eno cco|o¸|ce| ce|encc, || |s |mpcre||vc |o |ep |hc rcncvec|c
cncr¸y rcsourccs eve||ec|c |n ecunoencc |n |hc coun|ry. |or
|nous|ry, |h|s rcprcscn|s e s|¸n|ncen| |nvcs|mcn| oppor|un||y
ecross |hc ve|uc che|n from |&|, menufec|ur|n¸ |o pro¦cc|
ocvc|opmcn|
Renewable Energy Sources (RES) Potential
||S eccoun| for 1O% of |ns|e||co cepec||y eno |hc|r sherc
35
th
Annual Report 2010-2011 49
|n |hc |o|e| cncr¸y ces|c| |s ¸reoue||y |ncrces|n¸. ¹hcrc |s
h|¸h po|cn||e| for ¸cncre||on of rcncvec|c cncr¸y from
ver|ous sourccs- v|no, so|er, c|omess, sme|| hyoro eno
co¸cncre||on ce¸essc. ¹hc |o|e| po|cn||e| for rcncvec|c
povcr ¸cncre||on |n |hc coun|ry es on 31.O3.2O1O |s
cs||me|co e| 9O,313 V\. ¹h|s |nc|uocs en cs||me|co v|no
povcr po|cn||e| of 48,5o1 V\ ,54%), S|| ,sme||-hyoro
povcr) po|cn||e| of 15,385 V\ ,17%) eno 22,53o V\
,25%) from ce¸essc-cesco co¸cncre||on |n su¸er m|||s. ¹hc
cs||me|cs of V|n|s|ry of |cv eno |cncvec|c |ncr¸y for
so|er cncr¸y po|cn||e| erc cs||me|co e| 2O-3O V\ pcr
Sq.|m. for mos| per|s of |hc coun|ry. ,Sourcc : |ncr¸y
S|e||s||cs, 2O11 cy Ccn|re| S|e||s||cs Ofncc, VOS|l)
0nocr |hc |e||one| /c||on ||en on C||me|c Chen¸c ,|/|CC),
!eveher|e| |chru |e||one| So|er V|ss|on |s onc of |hc c|¸h|
|e||one| V|ss|ons |eunchco cy Gov|. on !enuery 11, 2O1O
v||h |hc |v|n oc¦cc||vcs of con|r|cu||n¸ |o lno|e's |on¸-
|crm cncr¸y sccur||y eno ||s cco|o¸|ce||y sus|e|nec|c ¸rov|h.
¹hc V|ss|on v||| cc |mp|cmcn|co |n 3 s|e¸cs |ceo|n¸ |o en
|ns|e||co cepec||y of 2O,OOO V\ of ¸r|o povcr, 2,OOO V\
of off-¸r|o so|er epp||ce||ons eno 2O m||||on sq. mc|rc. so|er
|hcrme| co||cc|or erce eno so|er ||¸h||n¸ for 2O m||||on
houscho|os cy |hc cno of |hc 13
|h
||vc /cer ||en |n 2O22.
Hydro Potential
lno|e |s cnoovco v||h en cs||me|co hyoro povcr po|cn||e|
of morc |hen 15O,OOO V\. |ovcvcr, |ns|e||co cepec||y of
hyoro c|cc|r|c pro¦cc|s |s on|y 37,5o7 V\ es on 31.O3.2O11.
|cvc|opmcn| of hyoro povcr rcsourccs |s |mpor|en| for
cncr¸y sccur||y of |hc coun|ry. |r|ve|c scc|or eccoun|s for
on|y ecou| 3.8% of |hc |ns|e||co cepec||y. besco on |hc
prcscn| s|e|us of prcperconcss, e shc|f of 1O9 ceno|oe|c
hyoro pro¦cc|s e¸¸rc¸e||n¸ |o 3O,92O V\ hev|n¸ h|¸hcr
|cvc| of connocncc for rce||z|n¸ ccncn|s our|n¸ 12
|h
||en
hes cccn nne||sco. ,Sourcc: |yoro |cvc|opmcn| ||en for
12
|h
||en-C|/)
¹hc hyoroc|cc|r|c po|cn||e| hes cccn ¸|vcn |hrus| cy
Govcrnmcn| of lno|e cy |eunch|n¸ |cv |yoro |ovcr
|o||cy, 2OO8 offcr|n¸ |nccn||vcs |o |nvcs|ors |n orocr |o
|ncrcesc |hc |ns|e||co cepec||y of hyoro pro¦cc|s.
Nuclear Potential
|uc|cer ¸cncre||on rc¸|s|crco e 4O.9% ¸rov|h our|n¸ |hc
ycer 2O1O-11 me|n|y ouc |o |mprovco nuc|cer fuc|
cono|||ons eno eoo|||one| ¸cncre||on from |hc ncv|y
comm|ss|onco nuc|cer un|| e| |e|¸e |n !enuery'11. /|
prcscn|, |hc |ns|e||co nuc|cer povcr cepec||y |n |hc coun|ry
|s on|y 4,78O V\ vh|ch |s ecou| 3% of |hc |o|e| povcr
¸cncre||n¸ cepec||y. lnsp||c of rcccn| ce|es|rophc |n !epen,
nuc|cer cncr¸y ho|os |hc prom|sc |o rcoucc ocmeno-
supp|y ¸ep |o e ¸rce| cx|cn|. Govcrnmcn| of lno|e hes
p|ennco |o hevc e nuc|cer povcr cepec||y of 2O,OOO V\
cy |hc ycer 2O2O eno ecou| oO,OOO V\ cy |hc ycer 2O3O.
lno|e's |uc|cer |ovcr Gcncre||on |ro¸rem hes |||| rcccn||y
cccn cesco on |no|¸cnous ocvc|opmcn| of |rcssur|sco
|cevy \e|cr |cec|or ,||\|) |cchno|o¸|cs.Sucscqucn| |o
lnoo-0S |uc|cer oce| |hc v|noov of oppor|un||y |o oce|
v||h o|hcr |cchno|o¸y prov|ocrs hes |mprovco. /ccoro|n¸|y
|o mcc| |hc |er¸c|s of GOl for |hc nuc|cer povcr ¸cncre||on
cepec||y eoo|||on, |cper|mcn| of /|om|c |ncr¸y ,|/|) |s
cxp|or|n¸ |hc poss|c|||||cs of hev|n¸ |\| ||c ups v||h o|hcr
|cchno|o¸y prov|ocrs |n 0S, |rencc, |uss|e c|c. ,/|-1OOO/
|||-1oOO/vv||-1OOO). \||h |rencc, |/| |s |||c|y |o ||c up
||| 1oOO |cchno|o¸y for 2 nos. of un||s |o cc cons|ruc|co
e| !e||epur, Veheresh|re, ccs|ocs, eu¸mcn||n¸ |hc cepec||y
cesco on |no|¸cnous ||\| rou|c of un|| s|zc of 7OO V\.
|ovcvcr, vv|| |cchno|o¸y of |uss|e |s cc|n¸ usco |n lno|e
cy ||Cl| for |hc|r |ro¦cc| unocr cons|ruc||on e| |uoen|u|em.
\||h |hc ecovc, vc cxpcc| |/|, GOl vou|o cc ec|c |o
mcc| ||s p|ennco |er¸c|s for ycer 2O2O eno ccyono.
Threats
Slow investment in power sector
/||hou¸h 1OO% ||l |s pcrm|ss|c|c |n povcr scc|or yc| sherc
of ||l |n povcr scc|or |s hovcr|n¸ erouno 5% es comperco
|o ¹c|ccom scc|or vh|ch |s 8% of |o|e| ||l our|n¸ |hc pcr|oo
/pr|| 2OOO-Verch 2O11.
(US $ million)
2009-10 2010-11 Cummulative April
2000-March 2011
|ovcr 1437 1252 59OO
¹c|ccom 2554 1oo5 1O589
¹hc rceson for |ov ||l |nnov |n povcr scc|or |s |he| |hcrc
|s e |ec| of po||||co-eom|n|s|re||vc suppor| on con|e|nmcn|
of commcrc|e| |osscs coup|co v||h poor nnenc|e| hce||h of
s|e|c u||||||cs |n eoo|||on |o ceppco rc¸u|e|ory rc|urns on
cqu||y. |c|eys |n |eno, forcs| eno cnv|ronmcn|e| c|cerenccs,
rcsu|||n¸ |n cos| csce|e||on eno eve||ec||||y of fuc| erc no|
on|y rcesons for |ov |nnov of ||l |n|o povcr scc|or cu|
e|so for oc|ey |n sc|||n¸ up povcr p|en|s.
High AT&C /T&D Losses
/¸¸rc¸e|c ¹cchn|ce| eno Commcrc|e| ,/¹&C) |oss cep|urcs
|cchn|ce| eno commcrc|e| |osscs |n |hc nc|vor| eno e|so
|oss ouc |o non rce||ze||on of c|||co emoun| eno |s en
|no|ce|or of |o|e| |osscs |n |hc sys|cm.
ln|crne||one||y, /¹&C |osscs s|eno e| 4-8% |n ocvc|opco
coun|r|cs. ||¸h /¹&C |osscs |n lno|e con||nuc |o hempcr
rcouc||on |n o|s|r|cu||on cos|s.
Ve|n rcesons for /¹&C |osscs |nc|uoc ovcr|oeo|n¸ of
cx|s||n¸ ||ncs eno sucs|e||on cqu|pmcn|s, ecscncc of up
¸reoe||on of o|o ||ncs eno cqu|pmcn|s, poor rcpe|r eno
me|n|cnencc of cqu|pmcn|s, |ov mc|cr|n¸/ c||||n¸/
co||cc||on cfnc|cncy, |hcf| eno |empcr|n¸ c|c.
35
th
Annual Report 2010-2011 5O
/¹&C |osscs erc shov|n¸ e occ||n|n¸ |rcno eno hevc comc
oovn from 38.8o% |n 2OO1-O2 |o 28.44% |n 2OO8-O9
ccceusc of pro¸rems |||c |-/|||| |n|||e|co cy Gol.
|ovcvcr, vc erc s|||| fer cch|no |hc |er¸c| of rcouc|n¸
/¹&C |osscs |o 15% cy 2O11-12 ,Sourcc: C|/)
Deteriorating Financials of State Utilities
¹hc coo| |osscs of S|e|c |ovcr 0||||||cs ,S|0s) |ncrcesco
s|¸n|ncen||y |o ` 2O,92O crorc our|n¸ |hc ycer 2OO8-O9 es
e¸e|ns| ` 14,72O crorc |n |hc ycer 2OO7-O8. ¹hc |osscs
v||hou| cons|ocr|n¸ sucs|oy fur|hcr |ncrcesco |o ` 5O,585
crorc our|n¸ |hc ycer 2OO8-O9 from ` 34,237 crorcs |n 2OO7-
O8, e r|sc of 47.75%. ¹hc nc| |osscs ,nnenc|e| |osscs &
sucs|o|cs) of S|e|c ¹&| u||||||cs erc on |hc |ncrcesc eno erc
pro¦cc|co e| |hc |cvc| ` o8,o43 crorc for |hc ycer 2O1O-11
,cc|n¸ ovcr 1% of G||) eno |hc semc poscs e h|¸h r|s| |o
|hc|r commcrc|e| v|ec||||y. ,Sourcc: 13
|h
||nencc Comm|ss|on
|cpor|)
Sucs|oy coo|co cy u||||||cs sc|||n¸ o|rcc||y |o consumcrs,
|ncrcesco from ` 19,518 crorc |n |hc ycer 2OO7-O8 |o
` 29,oo5 crorc |n 2OO8-O9 ,Sourcc: ||C |cpor| on
|crformencc of |hc S|e|c |ovcr 0||||||cs). ¹hc S|0s |osscs
hevc pcrs|s|co ouc |o fo||ov|n¸ rcesons:
e) lnec||||y of |hc s|e|c u||||||cs |o cnhencc opcre||n¸
cfnc|cnc|cs eno rcoucc /¹&C |osscs eocque|c|y. ¹hus,
h|¸h /¹&C |osscs hevc |ncrcesco |hc purchesc |cvc|s
eno supp|y cos|s.
c) lncrces|n¸ Gep cc|vccn Cos| eno |cvcnuc es |er|ff
|ncrcesc hes no| |cp| pecc v||h cos| |ncrcescs. ¹hc
evcre¸c cos| of supp|y |ncrcesco from ` 2.7o/|\h
|n |hc ycer 2OOo- O7 |o ` 2.93/|\h |n 2OO7-O8 eno |o
` 3.4O/|\h |n 2OO8-O9. ¹hc evcre¸c rcvcnuc ,v||hou|
cons|ocr|n¸ sucs|oy coo|co) |ncrcesco from
` 2.27/|\h |n |hc ycer 2OOo-O7 |o ` 2.39/|\h |n
2OO7-O8 eno |o ` 2.o2/|\h |n 2OO8-O9. ¹hc ¸ep
cc|vccn evcre¸c cos| of supp|y eno evcre¸c
rcvcnuc v||hou| sucs|oy ves `O.48/|\h |n 2OOo-O7
vh|ch |ncrcesco |o ` O.54/|\h |n 2OO7-O8 eno |o
` O.78/|\h |n 2OO8-O9. ,Sourcc: ||C rcpor| of S|0s).
|cccn||y, somc of |hc S||Cs hevc |ncrcesco |hc |er|ffs
vh|ch v||| hc|p |hc s|e|c u||||||cs |n cr|o¸|n¸ |hc rcvcnuc
÷cos| ¸ep.
Fuel Constraints
|ovcr ¸cncre||on |n lno|e |s prcoom|nen||y cesco on
foss|| fuc| |.c coe| eno ¸es. /cou| o5% of |hc |ns|e||co
cepec||y es on 31.O3.2O11 uscs foss|| fuc|. |ovcr
Gcncre||on cesco on coe| |n 2O1O-11 hes |ncrcesco cy
3.99% ovcr 2OO9-1O. ¹hc proouc||on of coe| es vc|| es
¸es hes no| |cp| pecc v||h |hc ocmeno. |ur|n¸ nnenc|e|
ycer 2O1O-11, |hcrc ves no |ncrcesc |n coe| proouc||on
ovcr |hc prcv|ous ycer. ¹o mcc| |hc shor|fe||, en cs||me|co
83 V¹ of coe| ves |mpor|co our|n¸ 2O1O-11, vh|ch |s
fur|hcr cxpcc|co |o |ncrcesc |o 142 V¹ our|n¸ |hc currcn|
nnenc|e| ycer. /s pcr C|/, ¸rov|h |n coe| cesco ¸cncre||on
ves cons|re|nco ouc |o 92.o% me|cr|e||ze||on of |hc
rcqu|rcmcn| of coe| rcsu|||n¸ |n |oss of ¸cncre||on of ecou|
7.O b0s our|n¸ |hc ycer 2O1O-11.
|e||one| cncr¸y rcqu|rcmcn| |s cxpcc|co |o ¸rov |o e|mos|
4 ||mcs of prcscn| |cvc| |o 2 bV¹/ennum cy 2O3O-31. ¹hc
oomcs||c coe| proouc||on hes |o ¸rov e| |hc re|c of 7%-9%
ren¸c |n orocr |o me|ch v||h |hc ¸rov|h |n ocmeno.
¹hc ¸ep cc|vccn ocmeno eno supp|y of coe| |s fur|hcr
cxpcc|co |o |ncrcesc ouc |o ver|ous cco|o¸|ce| conccrns
es vc|| es meny of |hc coe| c|oc|s hevc fe||cn unocr |hc ¨|o
Go /rce'. ¹hc |no|¸cnous coe| supp|y hes |o cc eu¸mcn|co
|o me|ch |hc ¸rov|h |n povcr scc|or s|ncc mos| of |hc
|hcrme| p|en|s mey no| usc coe| c|cnoco v||h morc |hen
15% of |mpor|co fuc| ccceusc of |hc ocs|¸n of |hc co||crs.
lmpor|co coe| |s e|so suc¦cc|co |o v|oc pr|cc nuc|ue||ons.
/s fer es |mpor|co coe| |s conccrnco, |hcrc erc |nfres|ruc|ure|
||m||e||ons such es por| eno re||veys |nfres|ruc|urc. |ur|hcr,
|hcrc erc conccrns of r|s|n¸ ¸|oce| pr|ccs of coe|. /s cu|| of
|hc coe| |s |mpor|co from lnooncs|e eno es pcr rcccn|
rc¸u|e||ons cy lnooncs|en Govcrnmcn|, coe| compen|cs
cen'| sc|| |hc coe| cc|ov e rcfcrcncc pr|cc vh|ch |s
eo¦us|ec|c cvcry |vc|vc mon|hs. ¹h|s mey rcsu|| |n hu¸c
unccr|e|n|y eno vo|e|||||y |n |mpor|co coe| pr|ccs. ¹hcrc erc
e|so conccrns s|ncc /us|re||e, eno|hcr coe| cxpor||n¸ ne||on,
hes |n|rooucco e oref| |ev |o |cvy |excs on cxpor| of coe|.
¹hc poss|c||||y of |n|roouc||on of cercon |ex on coe| vou|o
fur|hcr push up |hc coe| pr|ccs
lnsp||c of rep|o ¸rov|h |n ¸es ocmeno ovcr |hc |es| occeoc,
|| eccoun|s for ¦us| 1O% of |o|e| pr|mery cncr¸y consump||on.
|ovcvcr, oomcs||c proouc||on of ¸es |s un|||c|y |o |ccp
pecc v||h ocmeno. ¹hc currcn| ocmeno-supp|y sccner|o
shovs |he| |hcrc |s v|oc ¸ep eno |hc semc |s cxpcc|co |o
|ncrcesc fur|hcr |n ncx| nvc ycers. \||h ||m||co eoo|||one|
oomcs||c ¸es eve||ec||||y eno |ovcr proouc||on e| |G |o
|hen cer||cr pro¦cc|co, |hc ¸ep |n ocmeno eno supp|y |s
cxpcc|co |o ¸rov. |ur|n¸ 2O1O-11, |hc |o|e| ¸es ocmeno |n
|hc coun|ry for e|| scc|ors ves ecou| 179 VVSCV|, vh||c
|hc |no|¸cnous supp|y ves |css |hen 14O VVSCV|. /s pcr
ver|ous ene|ys|s, |hc ¸ep |s cxpcc|co |o very cc|vccn 7O
eno 1OO VVSCV| |n 2O11-12 eno cxpcc|co |o |ouch 15O
VVSCV| cy 2O14-15.
/||oce||on of erouno 31 VVSCV| of |G |o ¸es |o povcr
scc|or hes hc|pco |n m|||¸e||n¸ |hc shor|e¸c of cx|s||n¸
p|en|s. 0n|css ¸es |s e||oce|co |n eovencc, fu|urc ¸es cesco
povcr pro¦cc|s erc o|fncu|| |o |mp|cmcn|. Cons|ocr|n¸ |hc
||m||co eve||ec||||y of oomcs||c ¸es |n |hc coun|ry v|s-e-v|s
ocmeno, |||G v||| con||nuc |o p|ey supp|cmcn|ery ro|c
for povcr ¸cncre||on. |ovcvcr, |hc ec|ue| fruc||nce||on of
|hc ¸es cesco cepec|||cs v||| ocpcno upon |hc pr|cc
35
th
Annual Report 2010-2011 51
compc||||vcncss of oomcs||c ¸es/|||G v|s-e-v|s |hc me|n
compc||n¸ fuc| |.c. Coe|. |rcscn||y, |hc ¸es p|en|s erc
suffcr|n¸ from |ov ¸cncre||on schcou|cs from ¸r|o ccceusc
of h|¸h cos| of ¸cncre||on on ¸es/ |||G v|s-e-v|s coe|. l| |s
unocrs|ooo |he| sys|cm cen ecsorc eoo|||one| |||G |o |hc
cx|cn| of 1O- 2O%. |cncc, e|| cffor|s ncco |o cc oonc |o
cnsurc cnhencco proouc||on of oomcs||c ¸es from |hc
cx|s||n¸ nc|os eno |hc o|scovcrco nc|os.
¹hus, non eve||ec||||y of coe| eno ¸es |n ocs|rco quen|||y
vou|o hevc eovcrsc |mpec| on |hc ovcre|| pcrformencc of
|hc scc|or. |ovcvcr, Govcrnmcn| |s |e||n¸ |n|||e||vcs for
eve||ec||||y of |npu|s for |hc ocvc|opmcn| of |hc povcr
scc|or.
Slow development of coal mines allocated to Power
Developers
ln orocr |o eu¸mcn| coe| rcsourccs, |hc Govcrnmcn| hes
e||oce|co cep||vc c|oc|s |o povcr ocvc|opcrs |o me|ch
r|s|n¸ ocmeno. Ovcr 9O coe| c|oc|s v||h ¸co|o¸|ce| rcscrvcs
of epprox|me|c|y 28 b|||on ¹onncs vcrc e||oce|co |o ver|ous
puc||c/pr|ve|c compen|cs. Ou| of |hc ecovc coe| c|oc|s,12
coe| c|oc|s vcrc e||oce|co |o 0V||s v||h ¸co|o¸|ce|
rcscrvcs of ecou| 4.5 b¹. Ou| of |hc |o|e| e||oce|co c|oc|s,
on|y 14 c|oc|s ,es pcr /nnue| |cpor| of V|n|s|ry of Coe|)
hevc commcncco proouc||on es on 31.O3.2O1O es e¸e|ns|
e |er¸c| of 3O c|oc|s. |cccn||y, Gol hes |ssuco no||ccs |o
ccr|e|n ocvc|opcrs scc||n¸ rcesons for |noro|ne|c oc|ey |n
commcnccmcn| of proouc||on. |ur|hcr, Gol hes e|so oc-
e||oce|co ccr|e|n c|oc|s for oc|ey |n |hc|r ocvc|opmcn|.
OTHER RISKS AND CONCERNS
1. Cons|re|n| on povcr cqu|pmcn| menufec|ur|n¸
cepec||y
2. |ec| of eve||ec||||y of s||||co menpovcr
3. |cco for spcco|n¸ up rure| c|cc|r|nce||on
4. S|ov |nv|ronmcn|e| & |orcs| C|cerenccs for pro¦cc|s
eno coe| c|oc|s
5. Compc||||on |n meny cr|||ce| sc¸mcn|s of |hc |nous|ry,
cspcc|e||y |n o|s|r|cu||on, |s |neocque|c, vh||c S|e|c-
ovnco o|s|r|cu||on compen|cs con||nuc |o
unocrpcrform.
OUTLOOK
|ur|n¸ |hc pcr|oo 2OO1-O2 |o 2O1O-11, povcr ¸cncre||on
|n lno|e hes ¸rovn e| e C/G| of 5.17%. /s pcr 17
|h
||S, |hc
cncr¸y rcqu|rcmcn| e| |hc cno of 12
|h
||en vou|o cc 1392
b0s. ¹o ech|cvc |h|s |er¸c|, ¸cncre||on hes |o ¸rov e| e
C/G| of ovcr 9.O% eno hcncc, offcrs mu|||p|c oppor|un|||cs
of ¸rov|h |o puc||c es vc|| es pr|ve|c scc|or cn||||cs.
NTPC LEADERSHIP POSITION IN INDIAN POWER
SECTOR
\||h epprox|me|c|y 18% of |o|e| |ns|e||co cepec||y of |hc
coun|ry, your Compeny con|r|cu|cs |o erouno 27% of |hc
coun|ry's ¸cncre||on es on 31.O3.2O11.
All India NTPC % share
Cepec||y ,V\) 173,o2o 3O,83O 17.7o
Gcncre||on ,b0s) 811.14 22O.54 27.19
Cepec||y |nc|. !vs ,V\) 173,o2o 34,194 19.o9
Gcncre||on |nc|. !vs ,b0s) 811.14 23o.71 29.18
,Sourcc: /|| lno|e |e|e - C|/'s cxccu||vc summery)
/our Compeny |s |hc 4
|h
|er¸cs| |n /s|e emon¸s| ¸|oce|
c|cc|r|c u||||||cs es pcr |orccs G|oce| 2OOO ren||n¸ puc||shco
|n |hc ycer 2O11. l| |s e|so ren|co es 348
|h
|er¸cs| compeny
|n |hc vor|o |n |hc |orccs G|oce| 2O11. l| hes e|so cccn
ren|co |o.1 lnocpcnocn| |ovcr |roouccr |n /s|e eno
|o.2 lnocpcnocn| |ovcr |roouccr ¸|oce||y |n ||e||s ¹op
25O G|oce| |ncr¸y Compeny for 2OO9. l| hes e|so cccn
ren|co es |hc 1O
|h
|er¸cs| c|cc|r|c||y proouccr |n |hc vor|o
eno 3
ro
|er¸cs| |n /s|e cesco on ||s ¸cncre||on our|n¸ 2OO8-
O9. /our Compeny hes cccn ren|co o
|h
eno |s |hc on|y |S0
|n |hc |op 25 compen|cs |n |hc /on |cv||| bcs| |mp|oycrs
S|uoy.
|ur|n¸ |hc |es| nnenc|e| ycer, opcre||one||y |¹|C s|e||ons
pcrformco cc||cr |hen co||cc||vc pcrformencc of eny o|hcr
scc|or.
PLF Comparison (%)
2010-11 2009-10
Ccn|re| scc|or 85.12 85.o4
S|e|c scc|or oo.7O 71.13
|v| scc|or 7o.7O 82.41
|e||one| ev¸. 75.O8 77.o8
NTPC 88.29 90.81
|e||one| /ve||ec||||y |ec|or for coe| s|e||ons ves 84.24%
our|n¸ nnenc|e| ycer 2O1O-11, es e¸e|ns| vh|ch, your
Compeny's coe| s|e||ons heo /v| of 91.o7%.
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. /our Compeny |s |hc
|er¸cs| povcr ¸cncre||n¸ compeny |n |hc coun|ry hev|n¸ e
mer|c| sherc of epprox|me|c|y 17.7o% |n |crms of |ns|e||co
cepec||y eno 27.19% |n |crms of ne||one| ¸cncre||on. ¹hc
Veheresh|re S|e|c |ovcr Gcncre||on Compeny ||o v||h en
|ns|e||co cepec||y of 9,99o V\ ,Sourcc ÷ vccs||c of
Vehe¸cnco) v||h mer|c| sherc of ecou| o% |s |hc ncx|
|er¸cs| cn|||y.
¹hc sherc of pr|ve|c scc|or cepec||y hes |ncrcesco |o 3o,7o1
V\ es of Verch 31, 2O11 from 29,O14 V\ es on Verch 31,
2O1O eno ¸o|n¸ forvero, |hc semc |s cxpcc|co |o |ncrcesc
cvcn fes|cr es |s cv|ocn| from cepec||y eooco our|n¸ 11
|h

p|en so fer. |r|ve|c scc|or hes con|r|cu|co |o erouno 14.33%
|o |o|e| c|cc|r|c||y ¸cncre||on |n |hc ycer 2O1O-11 es
comperco |o |hc|r sherc of 12.14% |n |hc prcv|ous ycer.
35
th
Annual Report 2010-2011 52
|/ 2OO3 rcmovco ||ccns|n¸ rcqu|rcmcn|s for |hcrme|
¸cncre|ors, prov|oco for opcn ecccss |o |rensm|ss|on eno
o|s|r|cu||on nc|vor|s eno rcmovco rcs|r|c||ons on |hc r|¸h|
|o cu||o cep||vc ¸cncre||on p|en|s. ¹hcsc rcforms prov|oc
oppor|un|||cs for |ncrcesco pr|ve|c scc|or |nvo|vcmcn| |n
povcr ¸cncre||on. Spcc|nce||y, non-o|scr|m|ne|ory opcn
ecccss rc¸u|e||ons of S|e|c |c¸u|e|ory Comm|ss|ons, vh|ch
cnec|c ¸cncre|ors |o sc|| o|rcc||y |o cu|| consumcrs, hes
|ncrcesco |hc nnenc|e| v|ec||||y of |nvcs|mcn| |n povcr
¸cncre||on.
|ur|hcr, es pcr |hc |e||one| ¹er|ff |o||cy, e|| ncv pro¦cc|s
she|| cc sc| up on |hc ces|s of compc||||vc c|oo|n¸ cffcc||vc
from 5
|h
!en 2O11.
Govcrnmcn| of lno|e hes |ssuco |hc Compc||||vc b|oo|n¸
Gu|oc||ncs vh|ch oo no| cer |hc C|S0s from per||c|pe||n¸
|n |hc |er|ff cesco c|oo|n¸ proccss. bo|h C|S0s eno pr|ve|c
scc|or ocvc|opcrs erc per||c|pe||n¸ |n |hc |er|ff cesco
c|oo|n¸ proccss for sccur|n¸ povcr pro¦cc|s |nc|uo|n¸ |hc
0||re Vc¸e |ovcr |ro¦cc|s. ¹hcrc hes cccn pos|||vc
rcsponsc on |hc |n|||e||vcs unocr|e|cn cy Gol |o sc| up
|er¸c sce|c povcr pro¦cc|s |hrou¸h compc||||vc c|oo|n¸.
S|ncc no||nce||on of |hc ¹er|ff |o||cy, povcr pro¦cc|s
|o|e|||n¸ erouno 45,OOO V\ ,|nc|uo|n¸ 1o,OOO V\ of 0||re
Vc¸e |ovcr |ro¦cc|s) hevc cccn everoco |hrou¸h |er|ff
cesco compc||||vc c|oo|n¸ eno eno|hcr 2o,OOO V\ erc
unocr proccss. |ovcvcr, vor| e| mos| of |hcsc pro¦cc|s |s
yc| |o s|er| eno succcssfu| |mp|cmcn|e||on of |hcsc pro¦cc|s,
|hcrcforc rcme|ns |o cc |cs|co.
\||h provcn |n-housc cn¸|nccr|n¸ cepec|||||cs cu||| |n |hc
pes| eno v|oc ren¸|n¸ cxpcr|cncc of pro¦cc| cxccu||on
eno v||h |on¸ |crm ||/s of ovcr 9O,OOO 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|n¸s. \c cc||cvc |he| our mon||or|n¸ eno
me|n|cnencc |cchn|qucs offcr us e compc||||vc eoven|e¸c
|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.
RISKS & CONCERNS
For Company
\||h |ncrces|n¸ compc||||on, |hc Compeny hes |o sus|e|n ||s
|ceocrsh|p pos|||on |n |hc coun|ry cy ¸rov|n¸ e| en
eppropr|e|c pecc eno e| |hc semc ||mc s|r|vc |o fur|hcr
|mprovc ||s opcre||one| cfnc|cncy cy ¸cncre||n¸ e| h|¸h |||
eno m|n|m|z|n¸ |hc ou|e¸cs. ¹hc Compeny |s forey|n¸ |n|o
hyoro, nuc|cer eno rcncvec|c cncr¸y sourccs |o rcoucc ||s
ocpcnocncc on foss|| fuc|s. /s e s|cp |n cec|vero
|n|c¸re||on, |hc Compeny hes cn|crco |n|o coe| m|n|n¸
cus|ncss eno |s e|so cxp|or|n¸ |hc poss|c|||||cs |n ||G ve|uc
che|n.
¹o sus|e|n ||s |ceocrsh|p pos|||on |n |hc coun|ry eno ccn|||n¸
||s ¨Vehere|ne' s|e|urc, |hc compeny hes orevn en emc|||ous
Corpore|c ||en up |o |hc ycer 2O32 v||h o|vcrs|nco povcr
¸cncre||on por|fo||o cesco on |hcrme|, hyoro, nuc|cer eno
rcncvec|c cncr¸y sourccs. ¹hou¸h our ¸rov|h s|re|c¸|cs
erc cu||| upon |hc |nhcrcn| s|rcn¸|hs of |hc compeny,
ver|ous ec||v|||cs unocr|e|cn |o ech|cvc |hc |er¸c|s me|c us
susccp||c|c |o ver|ous r|s|s. \c rcco¸n|zc eno rce||zc |he|
r|s|s erc no| mcrc|y |hc hezeros |o cc evo|oco cu| |n meny
cescs offcr oppor|un|||cs vh|ch crce|c ve|uc u|||me|c|y
|ceo|n¸ |o cnhenccmcn| of shercho|ocrs vce||h.
¹o cffcc||vc|y mene¸c |hc r|s|s essoc|e|co v||h our cus|ncss,
vc hevc |e|cn eocque|c mcesurcs |o |ns|||u||one||zc r|s|
mene¸cmcn| proccss, |n |hc compeny cy |mp|cmcn||n¸ en
c|ecore|c |n|crpr|sc ||s| Vene¸cmcn| ,||V) fremcvor|. /s
per| of |mp|cmcn|e||on of |hc ||V fremcvor|, en |n|crpr|sc
||s| Vene¸cmcn| Comm|||cc ,||VC) hes cccn cons|||u|co
v||h |xccu||vc ||rcc|ors rcprcscn||n¸ ¸co¸reph|ce||y
rc¸|ons eno corc func||ons of |hc compeny. ||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. ¹hc
||VC hes |ocn||nco 25 |cy erces ou| of vh|ch fo||ov|n¸ 7
hevc cccn c|ess|nco es |hc |op r|s|s for |hc compeny:
• |uc| supp|y r|s|s
• |ro¦cc| lmp|cmcn|e||on oc|eys r|s|s
• ||s|s rc|e|co |o coe| m|n|n¸ eno coe| veshcr|cs
• ||s|s pcr|e|n|n¸ |o |yoro |ro¦cc|s
• /cqu|s|||on of |eno rc|e|co r|s|s
• |nv|ronmcn|e|, po||u||on eno o|hcr rc|e|co
rc¸u|e|ory norms |nc|uo|n¸ /sh 0||||ze||on rc|e|co
r|s|s
• ||s|s rc|e|co |o rccru||mcn| eno rc|cn||on of
s||||co cmp|oyccs
¹hcsc erces erc cc|n¸ rc¸u|er|y mon||orco |hrou¸h 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 mene¸cmcn|. ¹hc ||VC mcc|s cvcry
quer|cr |o oc||ccre|c on s|re|c¸|cs.
INTERNAL CONTROL
/our Compeny hes rocus| |n|crne| con|ro| 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 rc¸u|e||ons.
/ comprchcns|vc oc|c¸e||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, rc¸u|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
35
th
Annual Report 2010-2011 53
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 Vene¸cmcn| Con|ro|s |o
|ccp e c|osc ve|ch on comp||encc v||h ln|crne| Con|ro|
Sys|cms.
/ vc|| ocnnco ln|crne| Con|ro| |remcvor| 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||. ¹hc 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
¹rec||n¸ rcpor| for opcre||n¸ cfnc|cncy of con|ro|s |s
rcv|cvco cy mene¸cmcn| rc¸u|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. ¹hc 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,
pro¦cc|/ofncc hceos |o fec||||e|c ccr||nce||on cy C|O eno
C|O eno cnhenccs rc||ec||||y of esscr||on.
FINANCIAL DISCUSSION AND ANALYSIS
/ oc|e||co nnenc|e| o|scuss|on eno ene|ys|s |s furn|shco
cc|ov on |cpor|co /uo||co ||nenc|e| S|e|cmcn|s eno
/o¦us|co |ron|. ¹hc /o¦us|co |ron| hes cccn err|vco e|
ef|cr eo¦us|mcn|s on eccoun| of onc-off ||cms/cx|re oro|nery
||cms vh|ch hevc cccn |no|ce|co e¸e|ns| cech croeo
ce|c¸ory of rcvcnuc eno cxpcnsc |o cxp|e|n cc||cr |hc ycer
on ycer ,/o/) pcrformencc.
A Results of Operations
1 Gross Income
FY 2010-11 FY 2009-10 %Change
Units of
electricity sold
(million units)
206,582 205,091 0.73%
Income /moun| |n ` Crorc
1 |ncr¸y Se|cs
,|xc| ||cc|r|c||y
|u|y)
54,7O4.55 4o,1o8.o7 18.49%
2 |ncr¸y ln|crne||y
Consumco
o4.o8 55.1O 17.39%
3 Consu||ency &
o|hcr scrv|ccs
1o9.45 153.92 1O.O9%
4 O|hcr |ncomc
,cxc|uo|n¸
|ncomc rc|e|co
|o O¹SS*)
1,o1O.2O 1,857.O7 -13.29%
5 lncomc rc|e|co
|o O¹SS *
851 999.12 -14.8o%
o Total (4+5) 2,460.81 2,856.19 -13.84%
Gross Income
(1+2+3+6)
57,399.49 49,233.88 16.59%
*O¹SS-Onc ¹|mc Sc|||cmcn| Schcmc
¹hc ¸ross |ncomc of |hc Compeny compr|scs of |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, eno |n|crcs| cernco on |nvcs|mcn|s such
es |crm ocpos||s, conos ,|ssuco unocr onc-||mc-sc|||cmcn|
schcmc) eno o|v|ocno on mu|ue| funos. ¹hc ¸ross |ncomc
for nnenc|e| ycer 2O1O-11 |s ` 57,399.49 Crorc es e¸e|ns|
` 49,233.88 Crorc |n |hc prcv|ous ycer rc¸|s|cr|n¸ en |ncrcesc
of 1o.59%. ¹h|s ¸ross |ncomc cxc|uocs prov|s|ons vr|||cn
cec|. |ech c|cmcn| of |ncomc |s o|scussco cc|ov:
Tariffs for computation of Sale of Energy
¹hc cher¸cs for c|cc|r|c||y erc cesco on |er|ff re|cs
oc|crm|nco cy |hc C||C. ¹hc |er|ff re|cs cons|s| of e cepec||y
cher¸c for rccovcry of ennue| nxco cos| cesco on p|en|
eve||ec||||y, cncr¸y cher¸cs for rccovcry of fuc| cos|s eno en
unschcou|co |n|crchen¸c cher¸c 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 rc¸u|e||on |o
cr|n¸ ¸r|o o|sc|p||nc. ¹hc C||C sc|s |er|ff re|cs for cech un||
for cech s|e¸c of e p|en| |n eccoroencc v||h |hc |er|ff
rc¸u|e||ons/norms no||nco cy |hcm. C||C hes |ssuco ncv
¹er|ff |c¸u|e||ons for |hc pcr|oo 2OO9-14, Ccn|re| ||cc|r|c||y
|c¸u|e|ory Comm|ss|on ,¹crms eno Cono|||ons of ¹er|ff)
|c¸u|e||ons, 2OO9, vh|ch |s e ce|encco rc¸u|e||on for co|h
consumcrs eno |nvcs|ors.
Capacity Charge
¹hc cepec||y cher¸c for me||n¸ p|en| cepec||y eve||ec|c |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 cher¸cs erc rccovcrco on e pro re|e ces|s. ¹hc
s|¸n|ncen| c|cmcn|s of |hc cepec||y cher¸cs pcrm|ss|c|c
unocr |hc ¹er|ff |c¸u|e||ons 2OO9 erc:
• |c|urn on cqu||y on prc-|ex ces|s e| e cesc re|c of
15.5%, |o cc ¸rossco up cy |hc norme| corpore|c |ex
re|c es epp||cec|c for |hc rcspcc||vc ycer on e
prcscr|cco 7O:3O occ| |o cqu||y re||o for ncv pro¦cc|s.
|or pro¦cc|s comm|ss|onco on or ef|cr /pr|| 1, 2OO9,
|hcrc |s en eoo|||one| rc|urn of O.5% |f |hc ncv pro¦cc|s
erc comp|c|co v||h|n |hc ||mc||nc spcc|nco |n |hc
2OO9 |c¸u|e||ons. ln |hc ycer, |n vh|ch |hc conccrnco
u|||||y peys V|n|mum /||crne|c ¹ex ,V/¹), |hc cesc
re|c v||| cc ¸rossco up cy epp|y|n¸ V/¹ re|c.
• ln|crcs| cos| |ncurrco on norme||vc occ| e| vc|¸h|co
evcre¸c re|c of |n|crcs| on |oen por|fo||o of |hc pro¦cc|
• ln|crcs| on vor||n¸ cep||e| oc|crm|nco on e norme||vc
ces|s
• |cprcc|e||on up |o 9O% of cep||e| cos|s, cxc|uo|n¸
|hc cos| of frccho|o |eno, cesco upon |hc re|cs of
ocprcc|e||on prcscr|cco |n |hc |c¸u|e||ons, for e 12
ycer pcr|oo from |hc oe|c of commcrc|e||ze||on. ¹hc
rcme|n|n¸ ocprcc|ec|c ve|uc |hcrcef|cr, |s |o cc sprceo
ovcr |hc ce|encc uscfu| ||fc of |hc essc|s.
35
th
Annual Report 2010-2011 54
• |orme||vc opcre||on eno me|n|cnencc cos|s
oc|crm|nco cy |hc C||C cesco on cepec||y of un||, on
e pcr mc¸eve|| ces|s.
• |orme||vc scconoery fuc| o|| cos|s for coe|-cesco
s|e||ons.
• Spcc|e| e||ovencc pcr ennum pcr V\ for p|en|s |n
opcre||on ccyono |hc|r uscfu| ||fc |n ||cu of rccovcry
for cep||e| cxpcno||urcs on rcnove||on eno
moocrn|ze||on.
• Compcnse||on e||ovenccs on e pcr ennum pcr V\
ces|s |o mcc| cxpcnscs on ncv cep||e| essc|s,
|nc|uo|n¸ m|nor cep||e| essc|s, ef|cr 1O ycers of
commcrc|e| opcre||on.
Energy Charges
|ncr¸y cher¸cs 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 consump||on, spcc|nc o|| consump||on c|c.
Other Charges
bcs|ocs |hc cepec||y cher¸cs eno |hc cncr¸y cher¸cs, |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 cxchen¸c re|c nuc|ue||ons
for |hc un-hco¸co por||on of |n|crcs| eno rcpeymcn|
of forc|¸n currcncy |oens on e norme||vc ces|s.
• ¹hc unschcou|co |n|crchen¸c cher¸c 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 31-3-2OO9 on
¸cncre||on |ncomc |s e||ovco |o cc rccovcrco from
|hc cus|omcrs on me|cr|e||ze||on.
|ur|n¸ nnenc|e| ycer 2O1O-11, nne| |er|ff orocrs |nc|uo|n¸
eoo|||one| cep||e| cxpcno||urc orocrs for e|| cu| onc s|e||on
rc|e||n¸ |o |hc pcr|oo 2OO4-O9 hevc cccn |ssuco. ¹hus,
unocr ¹er|ff |c¸u|e||ons, 2OO4, |er|ff orocrs hevc cccn
|ssuco for e|| cu| onc s|e||on.
|ovcvcr, |er|ff orocrs erc yc| |o cc |ssuco unocr C||C ¹er|ff
|c¸u|e||ons 2OO9-14.
Sale of Electricity
/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
evcre¸c ||fc of |hc p|en|s. ¹hc ec|ue| ||vcs of |hc s|e||ons erc
of|cn |on¸cr eno un|css, cus|omcr 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
¹er|ff |c¸u|e||on 2OO9, |hc cs||me|co evcre¸c ||fc of |hc ¸es
s|e||ons |s e|so cs||me|co es 25 ycers. |cncc, |hc |on¸-|crm
povcr purchesc e¸rccmcn|s for ncv ¸es s|e||ons hcncc
for|h v||| e|so cc for |hc semc pcr|oo.
lncomc from se|c of c|cc|r|c||y for |hc nnenc|e| ycer 2O1O-
11 ves ` 54,7O4.55 Crorc vh|ch cons|||u|co 95% of |hc
¸ross |ncomc. ¹hc |ncomc from se|c of c|cc|r|c||y hes
|ncrcesco cy 18% ovcr |hc prcv|ous ycer's |ncomc of
` 4o,1o8.o7 Crorc. |ur|n¸ |hc ycer, |hcrc |s en |ncrcesc |n
|hc commcrc|e| cepec||y cy 99O V\ compr|s|n¸ of un|| o
of 49O V\ of |C¹|| S|e¸c-ll v.c.f. 31.O7.2O1O eno un|| 7
of 5OO V\ of |orce S|e¸c lll v.c.f. 21.O3.2O11. ln eoo|||on,
|hc commcrc|e| cepec||y of 99O V\ compr|s|n¸ un|| 5 of
49O V\ of |C¹|| S|e¸c-ll eno un|| 7 of 5OO V\ of
|ehe|¸eon S|e¸c lll |s e|so eve||ec|c for |hc cn||rc nnenc|e|
ycer 2O1O-11 es comperco |o per| of nnenc|e| ycer 2OO9-
1O. ¹hc |ncrcesc |n Se|cs |s e|so per||y e||r|cu|ec|c |o pess-
|hrou¸h of h|¸hcr fuc| cos|.
¹er|ff |c¸u|e||ons, 2OO9 prov|oc |he| |hc compeny she||
con||nuc |o prov|s|one||y c||| |hc ccncnc|er|cs v||h |hc |er|ff
epprovco cy |hc C||C eno epp||cec|c es on 31
s|
Verch,
2OO9 |||| epprove| of |er|ff |n eccoroencc v||h |hcsc
|c¸u|e||ons. ¹hc |er|ff pc||||ons hevc cccn meoc |o C||C for
e|| s|e||ons unocr ¹er|ff |c¸u|e||ons 2OO9. |cno|n¸
oc|crm|ne||on of s|e||on-v|sc |er|ff cy |hc C||C, se|cs of
` 48,935.31 crorc for nnenc|e| ycer 2O1O-11 hevc cccn
rcco¸n|zco on prov|s|one| ces|s ,cxp|e|nco |n no|c 2,e) of
|o|cs on /ccoun|s, Schcou|c-2o).
|or |hc un||s comm|ss|onco sucscqucn| |o 1
s|
/pr|| 2OO9,
nemc|y, un|| 5 of |C¹|| S|e¸c ll, un|| 7 of |ehe|¸eon S|e¸c ll,
un|| o of |C¹|| S|e¸c ll eno un|| 7 of |orce S|e¸c-lll, C||C |s
yc| |o |ssuc nne| |er|ff orocrs. /ccoro|n¸|y, se|cs of ` 4,528.39
crorc for nnenc|e| ycer 2O1O-11 rc|e||n¸ |o |hcsc un||s/s|e||ons
hevc cccn rcco¸n|zco on prov|s|one| ces|s ,cxp|e|nco |n
no|c 2,c) of |o|cs on /ccoun|s, Schcou|c-2o).
l| |s pcr||ncn| |o mcn||on |he| un|| o ,49O V\) of |C¹||,
S|e¸c-ll hes commcncco commcrc|e| opcre||on |n nnenc|e|
ycer 2O1O-11, v||h|n |hc norme||vc schcou|c ¸|vcn cy
C||C eno |s c||¸|c|c for eoo|||one| O.5% |c|urn on |qu||y
es pcr ¹er|ff |c¸u|e||ons, 2OO9.
\h||c rcv|s|n¸ |hc re|cs of ocprcc|e||on eno rcmov|n¸ |hc
prov|s|on for /ovencc /¸e|ns| |cprcc|e||on ,//|), C||C
¹er|ff |c¸u|e||ons, 2OO9 e|so prov|oc |he| |hc ce|encc
ocprcc|ec|c ve|uc of |hc cech of |hc cx|s||n¸ s|e||ons es on
1
s|
/pr||, 2OO9 she|| cc vor|co ou| cy ocouc||n¸ |hc
cumu|e||vc ocprcc|e||on |nc|uo|n¸ //| es eom|||co cy |hc
C||C up |o 31
s|
Verch 2OO9 from |hc ¸ross ocprcc|ec|c
ve|uc of |hc essc|s |hcrccy mcr¸|n¸ //| v||h ocprcc|e||on
for |er|ff rccovcry. /ccoro|n¸|y, |hc eccoun||n¸ po||cy
rc|e||n¸ |o //| ves rcv|sco our|n¸ |hc nnenc|e| ycer 2OO9-
1O ,p|cesc rcfcr |o /ccoun||n¸ |o||cy no. 12.1.2) eno |hc
emoun| of //| rcqu|rco |o mcc| |hc shor|fe|| |n |hc
componcn| of ocprcc|e||on |n rcvcnuc ovcr |hc
35
th
Annual Report 2010-2011 55
ocprcc|e||on |o cc cher¸co off |n fu|urc ycers hes cccn
esscssco s|e||on-v|sc eno vhcrcvcr en cxccss hes cccn
oc|crm|nco es on 1
s|
/pr|| 2OO9, |hc semc hes cccn
rcco¸n|sco es se|cs. |ur|n¸ |hc ycer, //| emoun||n¸ |o
` 79.75 Crorc hes cccn rcco¸n|zco es se|cs |n eccoroencc
v||h eccoun||n¸ po||cy ,rcfcr no|c 2,c) of |o|cs on
/ccoun|s, Schcou|c-2o).
/s pcr ¹er|ff |c¸u|e||ons 2OO9, |hc ocfcrrco |ex ||ec||||y for |hc
pcr|oo up |o 31
s|
Verch 2OO9 vhcncvcr || me|cr|e||zcs she|| cc
rccovcrec|c o|rcc||y from |hc ccncnc|er|cs. /ccoro|n¸|y, |hc
ocfcrrco |ex ||ec||||y rccovcrec|c from ccncnc|er|cs hes cccn
compu|co cy |ocn||fy|n¸ |hc me¦or chen¸cs |n |hc ocfcrrco
|ex ||ec||||y/essc| eno en emoun| of ` 21.72 Crorc hes cccn
|nc|uoco |n se|cs ,rcfcr Schcou|c 17 on Se|cs).
lf |hc |ncomc |ex/ocfcrrco |ex rccovcrec|c from or peyec|c
|o ccncnc|er|cs |s cxc|uoco from |ncomc from se|c of
c|cc|r|c||y ,p|. rcfcr |o Sch.17), || hes |ncrcesco cy 17%
ovcr |es| nnenc|e| ycer.
` Crorc
FY
2010-11
FY
2009-10
%
Change
|ncr¸y Se|cs ,|xc|
||cc|r|c||y |u|y)
54,7O4.55 4o,1o8.o7 18%
|css: ¹ex |ccovcrec|c
from cus|omcrs
338.51 -719.93
|css: |cfcrrco |ex
rccovcrec|c from
cus|omcrs
21.72 248.47
Energy Sales (Excl
Electricity Duty and
tax recoverable from
customers)
54,344.32 46,640.13 17%
¹hc evcre¸c |er|ff for |hc currcn| ycer |s 2o3.Oo p/|\h es
e¸e|ns| 227.41 p/|\h |n |hc prcv|ous ycer. ¹hc evcre¸c |er|ff
|nc|uocs eo¦us|mcn|s pcr|e|n|n¸ |o prcv|ous ycers. lf |hc
|mpec| of such eo¦us|mcn|s vcrc |o cc cxc|uoco, |hc
evcre¸c |er|ff vou|o cc 259.19 p/|\h |n |hc currcn| ycer es
e¸e|ns| 22o.83 p/|\h |n |hc prcv|ous ycer. ¹hc |ncrcesc |n
|hc evcre¸c |er|ff for |hc currcn| ycer |s me|n|y ouc |o
|ncrcesc |n |ncr¸y ,ver|ec|c) cher¸cs cy 2o.21 p/|\h
pr|mer||y ouc |o |ncrcesco consump||on of |mpor|co coe|.
¹hcrc hes cccn 1OO% rce||ze||on of |hc oucs our|n¸ |hc |es|
c|¸h| ycers. /|| |hc ccncnc|er|cs hevc opcnco eno erc
me|n|e|n|n¸ |c||cr of Crco|| cque| |o or morc |hen 1O5% of
evcre¸c mon|h|y c||||n¸ es pcr Onc-¹|mc Sc|||cmcn|
Schcmc ,O¹SS). ln orocr |o cnsurc promp| eno cer|y
peymcn| of c|||s for supp|y of cncr¸y |o ccncnc|er|cs, your
compeny hes formu|e|co e |cce|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 0||||||cs vho erc |hc mcmccr of
|¹|C's rcce|c Schcmc.
0nocr O¹SS, |r|-per|||c e¸rccmcn|s erc ve||o up |o 31
s|

Oc|occr, 2O1o. |or |hc pcr|oo ccyono Oc|occr 2O1o, |hc
supp||cs vh|ch v||| cc meoc |o S|e|c 0||||||cs, |hc semc
she|| cc covcrco cy en cscrov erren¸cmcn|. ¹hc
supp|cmcn|ery e¸rccmcn|s hevc cccn s|¸nco v||h e|| S|e|c
0||||||cs vh|ch hevc e prov|s|on of |ccp|n¸ e nrs| cher¸c on
|hc|r rcvcnuc s|rcems for supp||cs meoc cy your compeny.
0nocr |hc Supp|cmcn|ery /¸rccmcn|s, |hc S|e|c 0||||||cs
hevc e¸rcco |o prov|oc peymcn| sccur||y |hrou¸h cxccu||on
of |hc |ypo|hcce||on /¸rccmcn| eno |hc |cfeu|| |scrov
/¸rccmcn|. |ur|hcr, |h|s v||| cc ovcr eno ecovc |hc |C
rcqu|rcmcn| of 1O5% of evcre¸c mon|h|y c||||n¸.
Energy Internally Consumed
|ncr¸y |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 se|cs v||h e occ|| |o rcspcc||vc cxpcnsc
hceo unocr povcr cher¸cs. ¹hc |ncrcesc |n cncr¸y |n|crne||y
consumco |s 17% ovcr |hc prcv|ous ycer.
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 |hc
consu||ency eno |urn|cy pro¦cc| 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¸, pro¦cc| mene¸cmcn|, cons|ruc||on
mene¸cmcn|, 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
` 1o7.85 crorc es e¸e|ns| ` 151.24 crorc ech|cvco |n |hc |es|
nnenc|e| ycer. ln |hc nnenc|e| ycer 2O1O-11, || hes rccoroco
e pron| of ` 57.O7 crorc es e¸e|ns| ` 55.72 crorc |n |hc |es|
nnenc|e| ycer. / |o|e| of 55 orocrs ve|uco e| ` 153.72 Crorc
vcrc sccurco cy |hc ||v|s|on our|n¸ |hc ycer |nc|uo|n¸ 14
ovcrsces ess|¸nmcn|s.
Other Income
'O|hcr |ncomc' me|n|y compr|scs of |ncomc from conos
|ssuco unocr O¹SS, |ncomc from |nvcs|mcn| of surp|us
cesh, o|v|ocno on cqu||y |nvcs|mcn| |n ¦o|n| vcn|urcs &
sucs|o|er|cs eno m|scc||encous |ncomc.
'O|hcr |ncomc' |n nnenc|e| ycer 2O1O-11 ves ` 2,4oO.81
crorc es comperco |o ` 2,85o.19 crorc |n |hc nnenc|e| ycer
2OO9-1O. broeo|y, |hc crce| up of o|hcr |ncomc |s es unocr:
` Crorc
FY 2010-11 FY 2009-10
ln|crcs| for |hc ycer on |ex frcc
conos /|oen |o S|e|c Gov|.
851 999.12
lncomc on |nvcs|mcn|
of surp|us cesh |nc|uo|n¸
||v|ocno/lncomc from
mu|ue| funos
1,248.49 1,41O.13
||v|ocno from !vs eno
Sucs|o|er|cs/ln|crcs| from
sucs|o|er|cs
38.29 2O.81
35
th
Annual Report 2010-2011 5o
` Crorc
FY 2010-11 FY 2009-10
lncomc cernco on o|hcr
hceos such es h|rc cher¸cs,
pron| on o|spose| of essc|s,
c|c.
379.73 473
Total 2,517.12 2,900.69
|css: ¹rensfcr |o ||C/
ocvc|opmcn| of coe| m|ncs
24.97 37.89
|css: ¹rensfcr |o |cfcrrco
|orc|¸n Currcncy ||uc|ue||on
||ec||||y
31.34 o.o1
Net other income 2,460.81 2,856.19
ln|crcs| |ncomc from O¹SS conos ,|nc|uo|n¸ |oen |o S|e|c
Govcrnmcn|) for nnenc|e| ycer 2O1O-11 |s ` 851 crorc es
comperco |o ` 999.12 crorc |n nnenc|e| ycer 2OO9-1O. ¹hc
rcouc||on |n |n|crcs| |ncomc |o |hc cx|cn| of ` 148.51crorc
|s ouc |o rcocmp||on of O¹SS conos emoun||n¸ |o
` 1,o51.45 crorc eno rcpeymcn| of |oen emoun||n¸ |o
` 47.8o crorc |n ||cu of sc|||cmcn| of oucs. \c hevc cernco
|ncomc of ` 1,248.49 crorc our|n¸ nnenc|e| ycer 2O1O-11
on eccoun| of |nvcs|mcn|s meoc from surp|us cesh
|nc|uo|n¸ ||v|ocno/lncomc from mu|ue| funos es e¸e|ns|
`1,41O.13 crorc cernco |es| ycer. ¹hc |ncomc on |nvcs|mcn|
of surp|us cesh |nc|uo|n¸ ||v|ocno/lncomc from mu|ue|
funos hes rc¸|s|crco en 11% occrcesc ovcr |es| nnenc|e|
ycer me|n|y ouc |o rcouc||on |n |n|crcs| cern|n¸s ouc |o |ov
|n|crcs| re|c rc¸|mc eno e|so ouc |o |ovcr evcre¸c
|nvcs|mcn| our|n¸ |hc currcn| ycer es e¸e|ns| prcv|ous ycer.
\c hevc cernco ` 35.13 crorc es o|v|ocno from our
|nvcs|mcn|s |n ¦o|n| vcn|urc eno sucs|o|ery compen|cs.
/no|hcr ` 3.1o crorc hes cccn cernco es |n|crcs| from |oen
of ` 21.71 crorc cx|cnoco |o |en|| b|¦|cc 0|peoen ||¸em
||m||co, onc of our sucs|o|er|cs. |ur|hcr, en emoun| of
` 379.73 crorc hes cccn cernco from ver|ous o|hcr sourccs
me|n|y cons|s||n¸ of m|scc||encous |ncomc of ` 153.8O
crorc, |n|crcs| of ` 11o.1o crorc from cus|omcrs eno
` 1O.81 crorc cc|n¸ |hc surcher¸c rccc|vco from cus|omcrs
on |e|c peymcn| es pcr C||C rc¸u|e||ons.
Adjusted Gross Income
¹hc ¸ross |ncomc rcpor|co for |hc ycer |nc|uocs ccr|e|n
rcvcnucs pcr|e|n|n¸ |o prcv|ous ycers. ¹hc rcvcnuc from
se|c of c|cc|r|c||y for nnenc|e| ycer 2O1O-11 |s rcoucco cy
` 8OO.87 crorc pcr|e|n|n¸ |o prcv|ous ycers vh|ch hevc
cccn rcco¸n|zco |n se|cs cesco on |hc orocrs of |hc C||C
//ppc||e|c ¹r|cune|. |ovcvcr, |hc nc| |mpec| on |/¹ ef|cr
eo¦us||n¸ ||ec||||y |overos V|G/¹Sv/ |ex emoun||n¸ |o
` 255.82 crorc |s ` 545.O5 crorc. S|m||er|y, for nnenc|e| ycer
2OO9-1O, en emoun| of ` 119.33 crorc pcr|e|n|n¸ |o prcv|ous
ycers ves |nc|uoco |n |hc se|cs.
lmpec| of ` 79.75 crorc on eccoun| of //| hes cccn
cxp|e|nco |n cer||cr pere¸rephs. |ur|hcr, |mpec| of ||xco
Cher¸cs of ` 4O.49 crorc rcco¸n|zco cesco on C||C orocrs
v||hou| cons|ocr|n¸ |hc nvc |ssucs che||cn¸co cy |hc C||C
ccforc |hc |on'c|c Suprcmc Cour| of lno|e on somc |ssucs
occ|oco cy |hc /¹| |n rcspcc| of vh|ch |hc compeny hes
sucm|||co |he| || vou|o no| prcss for oc|crm|ne||on of |hc
|er|ff cy |hc C||C.
¹hc ¸ross |ncomc of |hc compeny ef|cr such eo¦us|mcn|s |s
es unocr:
` Crorc
FY 2010-11 FY 2009-10
Gross Income 57,399.49 49,233.88
Less:
Se|cs of prcv|ous ycers 545.O5 119.33
//| \r|||cn bec| 79.75 31o.8O
lmpec| of ||xco Cher¸cs 4O.49 O.OO
Adjusted Gross Income 56,734.20 48,797.75
2 Expenditure
2.1 Expenditure related to operations
Year FY 2010-11 FY 2009-10
Commcrc|e| Gcncre||on -V0s 22O,379 218,439
` Crorc
Expenditures FY
2010-11
` /
kWh
FY
2009-10
`/
kWh
|uc| 35,373.78 1.oO 29,4o2.74 1.35
|mp|oyccs'
rcmuncre||on eno
ccncn|s
2,789.71 O.13 2,412.3o O.11
Gcncre||on,
eom|n|s|re||on eno
o|hcr cxpcnscs
2,o41 O.12 2,O94.O3 O.1O
Total 40,809.50 1.85 33,969.13 1.56
¹hc cxpcno||urc |ncurrco on fuc|, cmp|oyccs,
¸cncre||on, eom|n|s|re||on eno o|hcr cxpcnscs for |hc
nnenc|e| ycer 2O1O-11 ves ` 4O,8O9.5O crorc vh|ch |s
2O% morc |hen |hc cxpcno||urc of ` 33,9o9.13 crorc
|ncurrco our|n¸ |hc prcv|ous ycer. ln |crms of cxpcnscs
pcr un|| of povcr prooucco, || ves ` 1.85 pcr un|| |n
nnenc|e| ycer 2O1O-11 |n comper|son |o ` 1.5o pcr un||
|n |hc prcv|ous ycer. ¹h|s |ncrcesc |s me|n|y ouc |o
|ncrcesc |n cos| of coe| eno |ncrcesc |n opcre||on eno
me|n|cnencc cxpcnscs. ¹hc |ncrcesc |n commcrc|e|
¸cncre||on ouc |o eoo|||one| cep||e||ze||on hes rcsu||co
|n en eoo|||one| opcre||one| cxpcno||urc of ` 1,955.38
crorc. / o|scuss|on on cech of |hcsc componcn|s |s
¸|vcn cc|ov:
2.1.1 Fuel
|xpcno||urc on fuc| cons|||u|co 87% of |hc |o|e|
35
th
Annual Report 2010-2011 57
cxpcno||urc rc|e||n¸ |o opcre||ons. |xpcno||urc on
fuc| ves ` 35,373.78 crorc |n nnenc|e| ycer 2O1O-11 |n
comper|son |o ` 29,4o2.74 crorc |n nnenc|e| ycer
2OO9-1O rcprcscn||n¸ en |ncrcesc of 2O%. ¹hc crce|-
up of fuc| cos| |n pcrccn|e¸c |crms |s es unocr:
FY 2010-11 FY 2009-10
Fuel cost (`/Crore) 35,373.78 29,462.74
% break-up
Coe| 8O% 7o%
Ges 15% 14%
O|| 1% 5%
|eph|he 4% 5%
¹hc h|¸hcr fuc| cxpcnscs vcrc me|n|y on eccoun| of
|ncrcesc |n cos| of coe| per||y ouc |o |ncrcesco
consump||on rcsu|||n¸ from eoo|||one| cep||e||ze||on
of 99O V\ eno per||y ouc |o |ncrcesc |n pr|cc of
coe|. Coe| lno|e ||m||co ,Cl|) eno S|n¸ercn| Co|||cr|cs
Compeny ||m||co ,SCC|) |ncrcesco |hc pr|ccs of
coe| cy ecou| 1O%-15% v.c.f. 1o.1O.2OO9 eno
3O.12.2OO9 rcspcc||vc|y ocpcno|n¸ upon ¸reoc of
coe|. Coe| lno|e hes fur|hcr rcv|sco re|cs of / & b
¸reoc coe| v.c.f 27.O2.2O11. /|so, |hc s|e||ons
¸cncre||y consumco e ¸rce|cr propor||on of cos|||cr
|mpor|co coe| |n nnenc|e| ycer 2O1O-11 |hen |n
nnenc|e| ycer 2OO9-1O. /|so, |hcrc hes cccn |ncrcesc
|n |hc pr|cc of ¸es eno o|| our|n¸ nnenc|e| ycer 2O1O-
11. |uc| cos| pcr un|| ¸cncre|co |ncrcesco |o
` 1.oO |n nnenc|e| ycer 2O1O-11 from ` 1.35 |n nnenc|e|
ycer 2OO9-1O. ¹hc |ncrcesc |n fuc| cos| ouc
|o eoo|||on of commcrc|e| cepec||y |s ` 1,o7O.99
crorc.
¹hc 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| cher¸cs |hrou¸h |hc |er|ff, prov|oco |hc
compeny mcc|s ccr|e|n opcre||n¸ peremc|crs. ¹hc
compeny purchescs coe| unocr |hc |on¸ |crm coe|
supp|y e¸rccmcn|s v||h sucs|o|er|cs of Cl| eno v||h
SCC|. / mooc| Coe| Supp|y /¸rccmcn| ,CS/) ves
s|¸nco v||h Cl| on Vey 29, 2OO9. besco on |hc
rcv|sco mooc| CS/, coe| e¸rccmcn|s hevc cccn
s|¸nco v||h |hc ver|ous sucs|o|ery coe| compen|cs
of Cl| cy |hc ver|ous coe| cesco s|e||ons cxccp|
|ere||e, |ehe|¸eon eno |eme¸unoem-lll. ,cxp|e|nco
|n no|c 9 of |o|cs on /ccoun|s, Schcou|c-2o).
/s pcr |hc prov|s|ons of |hc ncv CS/, |hc CS/ |s ve||o
for 2O ycers eno hes e prov|s|on for rcv|cv ef|cr cvcry
5 ycers. ¹hc ennue| quen|||y cnv|se¸co |o cc supp||co
|o |hc cx|s||n¸ povcr s|e||ons e¸e|ns| |hc ver|ous CS/s
|s 1O8.9 m||||on |onncs for cepec||y vh|ch vcrc unocr
commcrc|e| ¸cncre||on es on Verch 2OO9. |or un||s
comm|ss|onco our|n¸ nnenc|e| ycer 2OO9-1O eno
nnenc|e| ycer 2O1O-11 |hc coe| |s cc|n¸ supp||co
unocr en VO0, es pcr |hc e||oce||on meoc cy C|/ /
coe| compeny. |rcscn||y, supp|y of coe| for |ere||e-l
eno |ehe|¸eon-l erc es pcr |hc C|/ nom|ne|co ennue|
quen|||y of 15.O m||||on |onncs.
|ur|hcr, CS/s for |ere||e-l, |ehe|¸eon-l eno
|eme¸unoem-lll for ennue| quen|||y of 1 m||||on
|onncs erc cxpcc|co |o cc s|¸nco shor||y. ¹hc CS/s
con|e|n e prov|s|on for peymcn| of |nccn||vc/|cvy of
pcne||y |o/from coe| compen|cs on supp||cs |n cxccss/
shor| of 9O% of |hc /nnue| Con|rec|co Ouen|||y
,/CO).
ln en cffor| |o cncoure¸c coe| compen|cs |o supp|y
/nnue| Con|rec|co Ouen|||y ,/CO), ncv CS/ prov|ocs
for |nccn||vc peymcn|s es e pcrccn|e¸c of \c|¸h|co
/vcre¸c cesc pr|cc of coe| |n |hc fo||ov|n¸ |hrcc
s|ecs:
Supplies in the range of Rate of Incentive
9O%-95% of |hc /CO 1O%
95%-1OO% of |hc /CO 2O%
Supp||cs cxccco|n¸ /CO 4O%
CS/ e|so con|e|ns c|euscs of pcne||y e| |hc semc re|c
es |he| for peymcn| of |nccn||vc for unocr supp|y/
unocr off-|e|c cy coe| compen|cs eno povcr p|en|s
rcspcc||vc|y. ¹hc pr|cc eno o|hcr cher¸cs for coe|, es
pcr ncv CS/, v||| cc es no||nco cy Cl| for ||s sucs|o|ery
compen|cs from ||mc |o ||mc.
|ur|n¸ |hc nnenc|e| ycer 2O1O-11, coe| cesco s|e||ons
consumco 13o.95 V||||on ¹onncs of coe| es e¸e|ns|
134.9o V||||on ¹onncs |n |hc nnenc|e| ycer 2OO9-1O.
¹h|s ves |nc|uo|n¸ 1O.58 V||||on ¹onncs of coe| vh|ch
ves |mpor|co es comperco |o o.7o V||||on ¹onncs
|mpor|co |n nnenc|e| ycer 2OO9-1O.
ln orocr |o cnsurc un|n|crrup|co supp|y of coe| |o ||s
povcr s|e||ons, your compeny our|n¸ nnenc|e| ycer
2O1O-11 con||nuco |o sourcc coe| |hrou¸h c-euc||on
eno c||e|cre| erren¸cmcn|s. / c||e|cre| e¸rccmcn| hes
cccn rcechco v||h SCC| for supp|y of 5.O m||||on
|onncs of C/|/| ¸reoc coe|. ¹hcsc supp||cs erc e| e
prcm|um of ` 781/V¹ ovcr SCC|'s rcv|sco no||nco
pr|cc of 3O
|h
|cc 2OO9. |ur|hcr, e c||e|cre| e¸rccmcn|
hes cccn rcechco v||h |es|crn Coe|nc|os ||m||co
,|C|) for supp|y of 2.5O m||||on |onncs of //b/C ¸reoc
coe|, ccyono |hc ennue| ||n|e¸c quen|||y, |o |ere||e &
|ehe|¸eon e| pr|ccs vh|ch erc epprox|me|c|y e| 1OO%
prcm|um |o |hc no||nco pr|cc. /our Compeny
per||c|pe|co |n 24 c-euc||ons ,18 Spo| eno o |orvero)
35
th
Annual Report 2010-2011 58
ennouncco cy ver|ous coe| sucs|o|er|cs of Cl|. /¸e|ns|
|hcsc c-euc||ons, ecou| 1.22 V||||on V¹ ,O.4o VV¹ |n
Spo| eno O.7o VV¹ |n |orvero) of Greoc 'b' |o Greoc
'|' coe| ves e||o||co.
¹hc compeny sourccs ¸es oomcs||ce||y unocr en
eom|n|s|crco pr|cc mcchen|sm rc¸|mc. ¹hc 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. 13.77 V||||on Vc|r|c
S|enoero Cuc|c Vc|crs pcr |ey ,VVSCV|) of ¸es ves
rccc|vco our|n¸ |hc nnenc|e| ycer 2O1O-11 es e¸e|ns|
13.88 VVSCV| rccc|vco |n nnenc|e| ycer 2OO9-1O.
¹h|s |nc|uocs 1.17 VVSCV| of spo| ¸es eno fe|| cec|
¸es eno 1.91 VVSCV| of |G |o ¸es.
|¹|C hes s|¸nco Ges Supp|y /¸rccmcn|s ,GS/s)
v||h G/l| for supp|y of /om|n|s|crco |r|cc
Vcchen|sm ,/|V) ¸es eno |enne Vu||e ¹ep|| ,|V¹)
¸es |o /n|e, /ure|ye, |eor|, |er|oeceo, |eves &
Genoher for e comc|nco quen|||y of 14.7o VVSCV|.
¹hc ve||o||y of |hc /|V ¸es e¸rccmcn|s |s up|o o
|h

!u|y 2O21 vh||c |hc |V¹ ¸es e¸rccmcn|s erc ve||o
up|o 21
s|
|cc 2O19. /s pcr |hc |crms of |hcsc
e¸rccmcn|s, |hc ¸es pr|cc |s rc¸u|e|co |n |crms of |hc
Govcrnmcn| |r|c|n¸ Orocrs |ssuco from ||mc |o ||mc.
¹hc prcscn| epp||cec|c pr|cc of /|V/|V¹ ¸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. ¹hc |o|e| quen|||y
of /|V & |V¹ ¸es supp||co our|n¸ |hc ycer 2O1O-11
ves 3,28O VVSCV.
/ |on¸ |crm e¸rccmcn| hes cccn s|¸nco 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 |C| s|e||ons v|z
/n|e, /ure|ye, |eor| & |er|oeceo ve||o up|o 2O19.
¹hc pr|cc |s es occ|erco on e mon|h|y ces|s cy
|c|ronc| ||G ||o es pcr o|rcc||vcs of GOl on ¨poo|co
pr|cc ces|s'. /rouno o15 VVSCV of |||G vcrc
supp||co cy G/l| our|n¸ |hc ycer 2O1O-11 unocr |h|s
e¸rccmcn|.
Govcrnmcn| of lno|e hes e||oce|co 4.4o VVSCV| of
|G |o ¸es of |l| for |C| s|e||ons of /n|e, /ure|ye,
|eor| & |er|oeceo. Ges Supp|y & |urchesc /¸rccmcn|s
,GS|/) hevc cccn s|¸nco v||h |c||encc lnous|r|cs
||o. ,|l|) eno ||s !v per|ncr |||o for |hc supp|y of
2.3O VVSCV| of |h|s ¸es vh|ch |s ve||o |||| Verch
2O14. ¹hc GS|/ for ce|encc quen|||y of 2.1o VVSCV|
|s unocr nc¸o||e||on. ¹hc pr|c|n¸ of |h|s ¸es |s es
occ|oco cy |hc |mpovcrco Group of V|n|s|crs
,|GOV), vh|ch e| prcscn| |s 0S $ 4.2O /VVb|u. ¹hc
|o|e| quen|||y of |G |o ¸es supp||co our|n¸ |hc ycer
2O1O-11 ves o97 VVSCV.
¹o mcc| |hc shor|fe|| |n supp|y of ¸es, your Compeny
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 2O1O-11, n|nc rounos of |cnocr|n¸ hevc cccn
oonc on spo| ces|s eno nvc on 'S|n¸|c Offcr' ces|s.
¹hc epprox|me|c oc||vcrco pr|cc for |hcsc supp||cs
ren¸co cc|vccn 0S$ 7.83/VVb|u |o 0S$ 17.9O/
VVb|u vh|ch hes cccn off-|e|cn s|r|c||y |n |hc
esccno|n¸ orocr of pr|ccs. ¹hcsc |||G supp||cs erc
cc|n¸ con|rec|co on rcesonec|c cnocevor ces|s v||h
no pcne||y on c||hcr per|y for shor| supp|y / shor| off
|e|c.
/our Compeny hes e|so cn|crco |n|o fe||cec|
e¸rccmcn|s v||h G/l|/lOC|/b|C|/GS|C| for supp|y of
|||G on rcesonec|c cnocevor ces|s. ¹hc epprox|me|c
oc||vcrco pr|cc for |hcsc supp||cs on '|oo|co |r|cc'
ces|s ren¸co cc|vccn 0S$ 7.87 / VVb|u |o 0S$ 9.5o /
VVb|u.
|e¦|v Genoh| Comc|nco Cyc|c |ovcr |ro¦cc| ,|GC||),
|cre|e ¸cncre|cs povcr on neph|he es no ¸es supp|y
|s eve||ec|c. bcs|ocs |GC||, o|hcr ¸es cesco s|e||ons
e|so usco |eph|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 2O1O-11, O.337 m||||on V¹s of
neph|he ves consumco es e¸e|ns| O.578 m||||on V¹s |n
|hc prcv|ous ycer.
2.1.2 Employees’ Remuneration and Bene?ts
|mp|oyccs' rcmuncre||on eno ccncn|s hevc |ncrcesco
cy 15% from ` 2,412.3o crorc |n nnenc|e| ycer 2OO9-
1O |o ` 2,789.71 crorc |n nnenc|e| ycer 2O1O-11 of
vh|ch ` o9.48 crorc |s ouc |o eoo|||one| commcrc|e|
cepec||y. |mp|oyccs' rcmuncre||on eno ccncn|s
cxpcnscs |nc|uoc se|er|cs eno ve¸cs, conuscs,
e||ovenccs, ccncn|s, con|r|cu||on |o prov|ocn| eno
o|hcr funos eno vc|ferc cxpcnscs. ¹hcsc cxpcnscs
eccoun| for epprox|me|c|y 7% of our opcre||one|
cxpcno||urc |n nnenc|e| ycer 2O1O-11.
¹hc me|n rceson for |ncrcesc |n cmp|oycc cos| |s
norme| |ncrcmcn|s, |ncrcesc |n |cerncss /||ovencc,
onc ||mc cxpcno||urc |overos ¸o|o co|ns o|s|r|cu|co
|o commcmore|c |hc Vehere|ne S|e|us eccoroco |o
|¹|C eno on eccoun| of ||vcr|cs. ¹hcrc |s en |ncrcesc |n
|hc cmp|oycc cos| pcr un|| of ¸cncre||on from ` O.11
|n |hc prcv|ous nnenc|e| ycer |o ` O.13 |n |hc currcn|
nnenc|e| ycer.
2.1.3 Generation, Administration and Other Expenses
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|n¸s, p|en|
eno mech|ncry, povcr eno ve|cr cher¸cs, sccur||y,
|nsurencc, |re|n|n¸ eno rccru||mcn| cxpcnscs eno
cxpcnscs for |revc| eno commun|ce||on. ¹hcsc
cxpcnscs hevc rcme|nco e| epprox|me|c|y o% of our
35
th
Annual Report 2010-2011 59
opcre||one| cxpcno||urc |n nnenc|e| ycer 2O1O-11. ln
ecso|u|c |crms, |hcsc cxpcnscs |ncrcesco |o ` 2,o41
crorc |n nnenc|e| ycer 2O1O-11 from ` 2,O94.O3 crorc |n
nnenc|e| ycer 2OO9-1O rc¸|s|cr|n¸ e h||c of 2o%. ln
|crms of cxpcnscs pcr un|| of ¸cncre||on, || |s ` O.12 |n
nnenc|e| ycer 2O1O-11 es comperco |o ` O.1O |n
prcv|ous nnenc|e| ycer. /n |ncrcesc of ` 18.24 crorc |s
e||r|cu|ec|c |o eoo|||on of commcrc|e| cepec||y our|n¸
nnenc|e| ycer 2O1O-11.
|cpe|r & Ve|n|cnencc cxpcnscs cons|||u|c 55% of
|o|e| Gcncre||on, /om|n|s|re||on eno O|hcr |xpcnscs
eno hevc |ncrcesco |o ` 1,477.94 crorc from ` 1,278.3o
crorc rcsu|||n¸ |n en |ncrcesc of 15%.
¹hc o|hcr |ncrcesc |n ¸cncre||on & eom|n|s|re||on
cxpcnscs |s me|n|y e||r|cu|ec|c |o |ncrcesc |n ve|cr
cher¸cs. \e|cr cher¸cs hevc |ncrcesco cy 127% from
` 129.57 crorc |n nnenc|e| ycer 2OO9-1O |o ` 294.48
crorc |n nnenc|e| ycer 2O1O-11 ouc |o rcv|s|on of ve|cr
cher¸cs |n ccr|e|n s|e||ons.
/s pcr C||C |c¸u|e||ons, |hc ¸cncre||n¸ compen|cs
vho usc |hc |n|cr÷s|e|c |rensm|ss|on nc|vor| or |hc
essoc|e|co fec|||||cs eno scrv|ccs of |e||one| |oeo
|cspe|ch Ccn|rc eno |c¸|one| |oeo |cspe|ch Ccn|rcs
erc rcqu|rco |o sherc |hc |oeo |cpse|ch Ccn|rc
cher¸cs. /ccoro|n¸|y, en emoun| of ` 98.35 crorc ves
coo|co |overos |c¸|one| |oeo |cspe|ch Ccn|rc
cher¸cs.
2.1.4 Adjusted Expenditure related to Operations
lf |hc |mpec| of onc-off ||cms/cx|reoro|nery ||cms |s
eo¦us|co, |hc opcre||one| cxpcno||urc for |hc nnenc|e|
ycer 2O1O-11 eno nnenc|e| ycer 2OO9-1O vou|o cc es
fo||ovs:
` Crorc
FY 2010- 11 FY 2009-10
Total Expenditure
related to Operations
40,809.50 33,969.13
Less:
/oo|||one| lncrcmcn|/
Go|o Co|ns
117.3o -
|||C Cher¸cs 98.35 -
/oo|||one| \e|cr Cher¸cs 1o4.91 -
Adjusted Expenditure
related to Operations
40,428.88 33,969.13
2.2 Depreciation
¹hc ocprcc|e||on cher¸co |o |hc pron| eno |oss
eccoun| our|n¸ |hc ycer ves ` 2,485.o9 crorc es
comperco |o ` 2,o5O.Oo Crorc |n nnenc|e| ycer 2OO9-
1O, rc¸|s|cr|n¸ e occrcesc of o%. ¹hc rcouc||on |n |hc
emoun| of ocprcc|e||on |s ouc |o chen¸c |n |hc
eccoun||n¸ po||cy pursuen| |o |hc op|n|on cxprcssco
cy |hc Comp|ro||cr & /uo||or Gcncre| of lno|e es
mcn||onco ecovc ,rcfcr |o|c 1o of Schcou|c 2o).
|ur|n¸ |hc ycer, |hc Ofncc of |hc Comp|ro||cr &
/uo||or Gcncre| of lno|e hes cxprcssco en op|n|on
|he| povcr scc|or compen|cs she|| cc ¸ovcrnco cy
|hc re|cs of ocprcc|e||on no||nco cy |hc C||C for
prov|o|n¸ ocprcc|e||on |n rcspcc| of ¸cncre||n¸ essc|s
|n |hc eccoun|s |ns|ceo of |hc re|cs es pcr |hc
Compen|cs /c|, 195o. /ccoro|n¸|y, |hc Compeny
rcv|sco ||s eccoun||n¸ po||c|cs rc|e||n¸ |o cher¸|n¸ of
ocprcc|e||on v.c.f. 1
s|
/pr|| 2OO9 cons|ocr|n¸ |hc re|cs
eno mc|hooo|o¸y no||nco cy |hc C||C for
oc|crm|ne||on of |er|ff |hrou¸h |c¸u|e||ons, 2OO9. ln
cesc of ccr|e|n essc|s, |hc Compeny hes con||nuco |o
cher¸c h|¸hcr ocprcc|e||on cesco on |cchn|ce|
esscssmcn| of uscfu| ||fc of |hosc essc|s. Conscqucn|
|o |h|s chen¸c, ocprcc|e||on for |hc ycer |s |ovcr cy
` 279.o2 crorc.
|ur|n¸ |hc ycer, |hc ¸ross c|oc| hes |ncrcesco cy
` 5,9O5.O8 crorc |.c. from ` oo,85O.O7 crorc |n |hc
prcv|ous nnenc|e| ycer |o ` 72,755.15 crorc |n |hc
currcn| nnenc|e| ycer. ¹hc |ncrcesc |n ¸ross c|oc| |s
|er¸c|y on eccoun| of |ncrcesc |n commcrc|e|
cepec||y cy 99O V\ rcsu|||n¸ from eoo|||one|
cep||e||ze||on emoun||n¸ |o ` 4,o4O crorc me|n|y on
eccoun| of un|| o of |C¹|| S|e¸c-ll eno un|| 7 of
|orce S|e¸c lll. |ur|hcr, ocprcc|e||on for un||s 5 of
49O V\ of |C¹|| |eor| S|e¸c-ll eno un||s 7 of 5OO
V\ cech e| |ehe|¸eon-ll vcrc cher¸co pro-re|e
our|n¸ nnenc|e| ycer 2OO9-1O vh||c ocprcc|e||on on
|hc semc hes cccn cher¸co for |hc cn||rc nnenc|e|
ycer 2O1O-11. ¹hc |mpec| on ocprcc|e||on from
eoo|||one| cep||e||ze||on our|n¸ |hc nnenc|e| ycer
2O1O-11 |s ` 19o.o7 crorc.
2.3 Provisions made (and written back)
|ur|n¸ |hc nnenc|e| ycer 2O1O-11, |hc Compeny heo
meoc prov|s|ons emoun||n¸ |o ` 1,552.15 crorc |n
comper|son |o ` 1O.9O crorc prov|oco for |n nnenc|e|
ycer 2OO9-1O. |or |hc currcn| ycer prov|s|ons |nc|uoc
en emoun| of ` 1,52o.45 crorc |overos |er|ff eo¦us|mcn|.
¹h|s emoun| hes cccn prov|oco for |n v|cv of en
eppce| cy C||C |n |hc Suprcmc Cour| e¸e|ns| |ssucs
occ|oco cy /|¹|| |n fevour of |¹|C ,rcfcr |o|c 2 ,o)
Schcou|c 2o) eno C||C oref| no||nce||on oe|co 3
ro

Scp|cmccr 2O1O ,rcfcr |o|c 3 ,c) Schcou|c 2o).
|ur|n¸ |hc nnenc|e| ycer 2O1O-11, |hc Compeny heo
e|so vr|||cn cec| prov|s|ons meoc |n cer||cr ycers
emoun||n¸ |o ` 7.81 crorc |n comper|son |o ` 12.77
crorc of prov|s|ons vr|||cn cec| |n nnenc|e| ycer 2OO9-
1O.
35
th
Annual Report 2010-2011 oO
2.4 Interest and Finance Charges
¹hc |n|crcs| eno nnencc cher¸cs for |hc nnenc|e| ycer
2O1O-11 vcrc ` 2,149.O8 crorc |n comper|son |o
` 1,8O8.93 crorc |n nnenc|e| ycer 2OO9-1O. ¹hc oc|e||s
of |n|crcs| eno nnencc cher¸cs erc |ecu|e|co cc|ov:
` Crorc
FY 2010-11 FY 2009-10
ln|crcs| Cher¸cs:
ln|crcs| on corrov|n¸s 2,854.39 2,48o
O|hcrs 75.85 38.o4
Total Interest charges 2,930.24 2,519.30
||nencc Cher¸cs 788.oO 77O.34
|xchen¸c o|ffcrcnccs
rc¸eroco es eo¦us|mcn|
|o |n|crcs| cos|s
174.1o O.O4
Total 3,893.00 3,289.68
Less: Adjustments
and transfers
ln|crcs| cher¸cs
cep||e||sco
1,o95.4o 1,448.37
||nencc cher¸cs
cep||e||sco
2o.1o 32.37
|xchen¸c o|ffcrcnccs 14.o3 O.O1
¹rensfcr |o Coe| V|ncs 7.o7 O.OO
ln|crcs| eno nnencc
cher¸cs cep||e||sco
1,743.92 1,48O.75
Net interest and
?nance charges
2,149.08 1,808.93
ln|crcs| emoun| on |on¸ |crm corrov|n¸s ,|nc|uo|n¸
ln|crcs| our|n¸ Cons|ruc||on) hes |ncrcesco cy 15%
ovcr |es| nnenc|e| ycer ouc |o |ncrcesc |n |on¸ |crm
corrov|n¸s ,nc| of rcpeymcn|) our|n¸ |hc ycer cy
` 5,391.O2 crorc. ¹hc evcre¸c cos| of corrov|n¸ hes
|ncrcesco mer¸|ne||y |o 7.2985% |n nnenc|e| ycer 2O1O-
11 from 7.157o% |n prcv|ous nnenc|e| ycer me|n|y ouc
|o |hc rcpeymcn| of |oen cerry|n¸ |ovcr re|c of |n|crcs|
eno re|s|n¸ of ncv |oen e| compere||vc|y h|¸hcr re|c of
|n|crcs|. Our corrov|n¸s erc ocnom|ne|co |n |upccs
eno forc|¸n currcnc|cs.
¹hc cxchen¸c o|ffcrcnccs |n rcspcc| of ovcrsces
corrov|n¸s rc|e||n¸ |o nxco essc|s/cep||e| vor|-|n-
pro¸rcss erc |rce|co |n eccoroencc v||h prov|s|ons
of /ccoun||n¸ S|enoero ,/S) 11 |ssuco cy lC/l
cesco on ¸u|oc||ncs |ssuco unocr Compen|cs
,/ccoun||n¸ S|enoeros) |u|cs, 2OOo |ssuco cy
|e||one| /ov|sory Comm|||cc on /ccoun||n¸
S|enoeros from ||mc |o ||mc. Ou| of |h|s, |hc cxchen¸c
o|ffcrcnccs |n rcspcc| of essc|s our|n¸ |hc pcr|oo of
cons|ruc||on /rcnove||on eno moocrn|se||on erc
cep||e||zco cy |rensfcr |o ||C.
|ur|n¸ |hc nnenc|e| ycer 2O1O-11, en unfevourec|c
cxchen¸c re|c ver|e||on |rce|co es eo¦us|mcn| |o
|n|crcs| cos|s emoun||n¸ |o ` 174.1o crorcs hes
|ncrcesco |hc |n|crcs| cxpcnscs es e¸e|ns| ` O.O4
crorcs |n nnenc|e| ycer 2OO9-1O. ¹hc rceson for
sucs|en||e| |ncrcesc |n eovcrsc emoun| of cxchen¸c
re|c ver|e||on |s |hc nuc|ue||on |n |hc currcnc|cs of our
forc|¸n currcncy ocnom|ne|co |oens e¸e|ns| lno|en
rupcc nemc|y, 0S oo||er mer¸|ne||y rcoucco cy 1%,
vh||c !epencsc /cn eno |uro |ncrcesco cy 12% eno
4% rcspcc||vc|y. ¹hc 0S|, !epencsc ycn eno |uro
ocnom|ne|co |oens con|r|cu|co |o ecou| o7%, 29%
eno 4% rcspcc||vc|y |n |hc |oen ces|c| e| |hc cno of
nnenc|e| ycer 2O1O-11 es comperco |o o8%, 28% eno
4% |n prcv|ous nnenc|e| ycer.
|ur|n¸ nnenc|e| ycer 2O1O-11, |ncrcesc |n |n|crcs|
cher¸cs ,o|hcrs) |s me|n|y on eccoun| of |n|crcs| pe|o
on |eno compcnse||on cescs for onc of our ¸es
pro¦cc|.
¹hc nnencc cher¸cs hevc |ncrcesco cy 2% from
` 77O.34 crorc |n nnenc|e| ycer 2OO9-1O |o ` 788.oO
crorc |n nnenc|e| ycer 2O1O-11. ¹hc |ncrcesc |s me|n|y
ouc |o |ncrcesc |n rcce|c peyec|c |o cus|omcrs es
pcr |hc |cce|c Schcmc of |hc compeny from
` o93.73 crorc |n prcv|ous nnenc|e| ycer |o ` 711.28
crorc |n currcn| nnenc|e| ycer. ln orocr |o sccurc
1OO% rce||ze||on of emoun|s c|||co, |hc Compeny
heo |n|rooucco e rcv|sco |cce|c Schcmc for |hc ycer
2O1O-11. ¹hc currcn| |cce|c Schcmc prov|ocs for e
rcce|c of 2% on |hc emoun|s crco||co |o |hc
Compeny's eccoun| on |hc o
|h
oey of e ce|cnoer
mon|h vh|ch ¸c|s rcoucco on ¸reoco ces|s for cech
oey's oc|ey up|o |hc 31
s|
oey of |hc mon|h prov|oco
|he| cn||rc emoun| |s crco||co |o |hc Compeny's
eccoun|. |o rcce|c |s e||ovco ccyono |es| oey of
|hc mon|h.
|or |hc nnenc|e| ycer 2O1O-11, en emoun| of ` 1,73o.25
crorc ,cxc|uo|n¸ ` 7.o7 crorcs |rensfcrrco |o
|cvc|opmcn| of Coe| V|ncs) rc|e||n¸ |o |n|crcs| eno
nnencc cher¸cs of pro¦cc|s unocr cons|ruc||on ves
cep||e||zco vh||c |hc corrcspono|n¸ emoun| for |hc
prcv|ous ycer ves ` 1,48O.75 crorc. ¹hus, |n|crcs| eno
nnencc cher¸cs cep||e||zco rc¸|s|crco en |ncrcesc of
17%.
¹hc |n|crcs| eno nnencc cher¸cs for nnenc|e| ycer
2O1O-11 ef|cr |hcsc eo¦us|mcn|s eno v||hou| |e||n¸
|n|o eccoun| |hc cxchen¸c o|ffcrcnccs |rce|co es
eo¦us|mcn| |o |n|crcs| cos|s |s ` 2,149.O8 crorc.
35
th
Annual Report 2010-2011 o1
` Crorc
FY 2010-11 FY 2009-10
¹o|e| ln|crcs| cher¸cs
|css |n|crcs| cher¸cs
cep||e||sco
1,234.78 1,O7O.93
¹o|e| ||nencc cher¸cs
cxc|uo|n¸ nnencc
cher¸cs cep||e||zco
7o2.44 737.97
Net interest and
?nance charges
1,997.22 1,808.90
Add : /o¦us|mcn| of
cxchen¸c o|ff. rc¸eroco
es corrov|n¸ cos|
159.53 O.O3
Less: ln|crcs| cos|
on eccoun| of hyoro
pro¦cc|/erc||re||on evero
28.75
Less : ¹rensfcrrco |o
|cvc|opmcn| of Coe|
V|ncs
7.o7
Total Adjusted Interest
and Finance charges
2,149.08 1,780.18
2.5 Prior period income / expenditure
Ccr|e|n c|cmcn|s of |ncomc eno cxpcno||urc hevc
cccn cher¸co |o |hc pron| eno |oss eccoun| rc|e||n¸
|o prcv|ous ycers. |or |hc nnenc|e| ycer 2O1O-11 e nc|
emoun| of ` 1,o38.72 crorc ves coo|co es pr|or
pcr|oo |ncomc vhcrces e nc| emoun| of ` 77.83
crorc ves eccoun|co es pr|or pcr|oo |ncomc |o |hc
pron| eno |oss eccoun| |n |hc prcv|ous ycer. |ur|n¸
|hc ycer, |hc Compeny hes rcv|sco ||s eccoun||n¸
po||c|cs rc|e||n¸ |o cher¸|n¸ of ocprcc|e||on v.c.f.
1
s|
/pr|| 2OO9 cons|ocr|n¸ |hc re|cs eno mc|hooo|o¸y
no||nco cy |hc C||C for oc|crm|ne||on of |er|ff
|hrou¸h |c¸u|e||ons, 2OO9. Conscqucn| |o |h|s
chen¸c, pr|or pcr|oo ocprcc|e||on vr|||cn cec| |s
`1,11o.5O crorc. Conscqucn||y, |hc emoun| of //|
rcqu|rco |o mcc| shor|fe|| |n |hc componcn| of
ocprcc|e||on |n rcvcnuc ovcr |hc ocprcc|e||on |o cc
cher¸co off |n fu|urc ycers hes cccn rcesscssco eno
|hc cxccss emoun| of ` 727.49 crorc hes cccn
rcco¸n|sco es pr|or pcr|oo se|cs. |ur|hcr, |hc emoun|
rccovcrec|c form ccncnc|er|cs on eccoun| of
ocfcrrco |ex me|cr|e||sco for nnenc|e| ycer 2OO9-1O
hes cccn rcesscssco eno cxccss emoun| of ` 212.o7
crorc hes cccn rcvcrsco es pr|or pcr|oo se|cs.
,cxp|e|nco |n no|c 1o of |o|cs on /ccoun|s,
Schcou|c-2o)
3. Pro?t before tax, provisions and prior period
adjustments
¹hc pron| of |hc Compeny ccforc |ex eno pr|or pcr|oo
eo¦us|mcn|s for |hc currcn| eno |hc prcv|ous ycer,
co|h on rcpor|co eno eo¦us|co ces|s, |s |ecu|e|co
cc|ov:
` Crorc
Reported Adjusted
FY
2010-11
FY
2009-10
FY
2010-11
FY
2009-10
Gross lncomc 57,399.49 49,233.88 5o,734.2O 48,797.75
Less:
|xpcno||urc
rc|e|co |o
opcre||ons
4O,8O9.5O 33,9o9.13 4O,428.88 33,9o9.13
|cprcc|e||on 2,485.o9 2,o5O.Oo 2,7o5.31 2,o5O.Oo
ln|crcs| eno
||nencc
cher¸cs
2,149.O8 1,8O8.93 2,149.O8 1,78O.18
Onc ||mc
|||v |mpec|
,84.o4)
Pro?t before
tax, prov. &
prior period
adjust.
11,955.22 1O,8O5.7o 11,475.57 1O,398.38
4. Provision for Tax
¹hc Compeny prov|ocs for currcn| |ex eno ocfcrrco
|ex compu|co |n eccoroencc v||h prov|s|ons of
lncomc ¹ex /c|, 19o1.
0nocr ¹er|ff |c¸u|e||ons, 2OO9, v.c.f. 1
s|
/pr|| 2OO9,
|ncomc |ex |s rccovcrec|c on norme||vc ces|s es |c|urn
on |qu||y fo||ov|n¸ |hc epp||cec|c re|c of |ex for
rcspcc||vc ycer. ¹hc 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 33.2175%
for |hc nnenc|e| ycer 2O1O-11.
¹hc ocfcrrco |ex ||ec||||y rc|e|co |o |hc pcr|oo up|o
31
s|
Verch 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 1
s|
/pr|| 2OO9 |s |o
|hc eccoun| of |hc compeny.
Provision for Current Tax
/ |o|e| prov|s|on of ` 2,553.32 crorc hes cccn meoc
|overos currcn| |ex for |hc ycer.
¹hc emoun| rccovcrec|c form ccncnc|er|cs on eccoun|
of ocfcrrco |ex me|cr|e||sco for nnenc|e| ycer 2OO9-1O
hes cccn rcesscssco eno cxccss emoun| of ` 212.o7
crorc hes cccn rcvcrsco es pr|or pcr|oo se|cs v||h en
cqu|ve|cn| rcouc||on |n prov|s|on for |ex of cer||cr
ycers.
Provision for deferred tax
|uc |o chen¸c |n /ccoun||n¸ |o||cy of |hc compeny |n
rcspcc| of ocprcc|e||on cher¸co es pcr C||C
¸u|oc||ncs v.c.f. O1.O4.2OO9, |hc |cfcrrco ¹ex ||ec||||y
35
th
Annual Report 2010-2011 o2
,nc|) eno ocfcrrco |ex rccovcrec|c from S|bs es e| 31
s|

Verch 2OO9 hes cccn rcvor|co. ¹hc |cfcrrco ¹ex
||ec||||y er|scn our|n¸ |hc ycer on eccoun| of ||m|n¸
o|ffcrcncc |s ` 393.o9 crorc eno hes cccn occ||co |o
|ron| eno |oss /ccoun|
` Crorc
FY 2009-10
Current
tax
Deferred
tax
FBT* Total
|rov|s|on for
|/ 2OO9-1O
2,47O.84 2O9.13 - 2,o79.97
/o¦us|. for
cer||cr ycers
,525.4O) - 2.o9 ,522.71)
|c| prov. es
pcr |&| //C
1,945.44 2O9.13 2.o9 2,157.2o
FY 2010-11
Current
tax
Deferred
tax
FBT* Total
|rov|s|on for
|/ 2O1O-11
2,497.3O 133.24 - 2,o3O.54
/o¦us|. for
cer||cr ycers
52 2oO.45 - 31o.47
|c| prov. es
pcr |&| //C
2,553.32 393.o9 - 2,947.O1
* |r|n¸c bcncn| ¹ex
|c| prov|s|on of |ex for |hc nnenc|e| ycer 2O1O-11 ves
` 2,947.O1 crorc |n comper|son |o ` 2,157.2o crorc |n
|hc nnenc|e| ycer 2OO9-1O, en |ncrcesc of ` 789.75
crorc. ¹hc nc| |ex ves h|¸hcr our|n¸ nnenc|e| ycer
2O1O-11 on eccoun| of rcs|e|cmcn| of |cfcrrco ¹ex
||ec||||y & |cfcrrco ¹ex |ccovcrec|c es on 31.O3.2O1O
eno |mpec| of chen¸c |n ocprcc|e||on po||cy.
5. Pro?t After Tax before provisions made and
written back and prior period adjustments
Reported (`/Crs) Adjusted (`/Crs)
FY
2010-11
FY
2009-10
FY
2010-11
FY
2009-10
Pro?t
before tax,
provisions
and prior
period
adjustments
11,955.22 10,805.76 11,475.57 10,398.38
¹ex es pcr
|&|
,2,947.O1) ,2,157.2o) ,2,947.O1) ,2,157.2o)
|cfcrrco ¹ex
|mpec|
393.o9 2O9.OO
Pro?t after
tax (before
prov. and
prior period
adjust.)
9,008.21 8,648.50 8,922.25 8,450.12
¹hc pron|s ccforc pr|or pcr|oo eo¦us|mcn|s eno
prov|s|ons on rcpor|co ces|s hevc ¸rovn cy 4% vh||c
on en eo¦us|co ces|s hes |ncrcesco cy o%.
6. Net Pro?t After Tax
¹hc nc| pron| ef|cr |ex ef|cr prov|s|ons ,meoc eno
vr|||cn cec|) eno pr|or pcr|oo eo¦us|mcn|s on e
rcpor|co eno eo¦us|co ces|s erc es fo||ovs:
` Crorc
Reported Adjusted
FY
2010-11
FY
2009-10
FY
2010-11
FY
2009-10
Pro?t after
tax (before
provisions and
prior period
adjustments)
9,008.21 8,648.50 8,922.25 8,450.12
|rov|s|ons ,nc|
of vr||c cec|)
,1,544.34) 1.87 ,17.89) 1.87
/oo : |r|or
pcr|oo
eo¦us|mcn|s
1,o38.72 77.83 7.4O
Net pro?t after
tax
9,102.59 8,728.20 8,911.76 8,451.99
|r|or |cr|oo eo¦us|mcn|s |nc|uoc ` 212.o7 crorcs
rcprcscn||n¸ emoun| rccovcrec|c from ccncnc|er|cs
on eccoun| of ocfcrrco |ex me|cr|e||zco for nnenc|e|
ycer 2OO9-1O vh|ch ves rc-esscssco eno cxccss
emoun| ves rcvcrsco es pr|or-pcr|oo se|cs v||h
cqu|ve|cn| rcouc||on |n prov|s|on for |ex of cer||cr
ycers |n |&|. ,rcfcr no|c 1o of schcou|c 2o ÷ no|cs on
eccoun|s)
On e rcpor|co ces|s, |hc nc| pron| ef|cr |ex for |hc
nnenc|e| ycer 2O1O-11 hes |ncrcesco cy ecou| 4.29%
vh||c on en eo¦us|co ces|s, |hc nc| pron| ef|cr |ex hes
|ncrcesco cy 5.44%.
7. Segment-wise performance
|or |hc purposc of comp|||n¸ sc¸mcn|-v|sc rcsu||s,
|hc cus|ncss of |hc Compeny |s sc¸rc¸e|co |n|o
'Gcncre||on' eno 'O|hcr bus|ncss'. ¹hc 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,
pro¦cc| mene¸cmcn| eno supcrv|s|on, o|| eno ¸es
cxp|ore||on eno coe| m|n|n¸.
¹hc pron| ccforc |ex eno |n|crcs| |n |hc ¸cncre||on
cus|ncss for |hc nnenc|e| ycer 2O1O-11 ves ` 12,O94.83
crorc es e¸e|ns| ` 1O,152.53 crorc for nnenc|e| ycer
2OO9-1O. |xc|uo|n¸ |ncomc |ex peyec|c/rccovcrec|c
from cus|omcrs emoun||n¸ |o ` 3oO.23 crorc for
nnenc|e| ycer 2O1O-11 eno ` 471.4o crorc for nnenc|e|
ycer 2OO9-1O, |hc ecovc hes |ncrcesco cy 1O% me|n|y
35
th
Annual Report 2010-2011 o3
on eccoun| of |ncrcesco ¸cncre||on. |or |hc pron|
ccforc |ex on 'O|hcr bus|ncss' rcprcscn|co cy |ncomc
from consu||ency, |hc semc ves ` 5O.2O crorc for
nnenc|e| ycer 2O1O-11 eno ` 58.1o crorc for |hc
prcv|ous nnenc|e| ycer rc¸|s|cr|n¸ e occ||nc of 14%.
B Financial Position
1 Net worth
¹hc nc| vor|h of |hc Compeny e| |hc cno of nnenc|e|
ycer 2O1O-11 |ncrcesco |o ` o7,892.25 crorc from
` o2,437.42 crorc |n |hc prcv|ous ycer rc¸|s|cr|n¸ en
|ncrcesc of 8.74% ouc |o rc|e|nco cern|n¸s.
Corrcspono|n¸|y, |hc coo| ve|uc pcr sherc e|so
|ncrcesco from ` 75.72 |o ` 82.34.
2 Loan Funds
¹hc |oens es on Verch 31, 2O11 vcrc ` 43,188.24
crorc |n comper|son |o ` 37,797.O2 crorc es on Verch
31, 2O1O. / summery of |hc |oens ou|s|eno|n¸ |s ¸|vcn
cc|ov:
` Crorc
As at March 31
%
change
2011 2010
Secured Loans
bonos 9,495.OO 8,55O.OO 11%
|orc|¸n Currcncy
|crms |oens
414.47 528.o5 -22%
O|hcr 1.21 1.27 -5%
Sub-total 9,910.68 9,079.92 9%
Unsecured
Loans
||xco |cpos||s 13.2o 13.39 -1%
|orc|¸n Currcncy
bonos / |o|cs
1,35o.9O 2,283.5O -41%
|orc|¸n Currcncy
|oens
8,919.59 7,541.o9 18%
|upcc |crm |oens 22,912.81 18,O78.52 27%
bonos 75.OO 8OO.OO -91%
Suc-|o|e| 33,277.5o 28,717.1O 1o%
Total 43,188.24 37,797.02 14%
Ovcr |hc |es| nnenc|e| ycer, |hc occ| hes rc¸|s|crco e
¸rov|h of 14%. |cc| emoun||n¸ |o ` 9,O45.79 crorc
ves re|sco our|n¸ |hc ycer 2O1O-11. ¹hc emoun| re|sco
|hrou¸h ¹crm |oens, bonos eno |orc|¸n Currcncy
borrov|n¸s ves usco for cep||e| cxpcno||urc eno
rcnnenc|n¸, vh||c emoun| re|sco |hrou¸h ocpos||s
hevc cccn usco for vor||n¸ cep||e| purposcs. ¹hc
oomcs||c occ| funos |nc|uoco |crm |oens emoun||n¸
|o `o,o25 crorc eno conos e¸¸rc¸e||n¸ |o ` 72O.OO
crorc.
` Crorc
Source Debt Raised
& Utilised
Re-
payment
Net
¹crm |oen o,o25.OO 1,79O.71 4,834.29
bonos 72O.OO 5OO.OO 22O.OO
|orc|¸n
Currcncy |cc|
1,o99.75 1,7Oo.55 -o.8O
O|hcrs ,|uc||c
ocpos||s/
nnencc |cesc)
1.O4 1.24 -O.2O
Total 9,045.79 3,998.50 5,047.29
|||v on |C
borrov|n¸s
343.93
Total 5,391.22
ben|s eno |omcs||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 e¸rccmcn|s for |crm |oens e¸¸rc¸e||n¸ ` 3,479.OO
crorc vcrc cn|crco |n|o |nc|uo|n¸ |hc |oen /¸rccmcn|
of ` 2,OOO crorc v||h |0|CO ||o. |o nnencc cep||e|
cxpcno||urc of povcr ¸cncre||on pro¦cc|s, Coe|
V|n|n¸ cus|ncss eno |cnove||on eno Voocrn|ze||on
ec||v||y. ¹hc cumu|e||vc emoun| of oomcs||c |oens ||co
up |||| Verch 31, 2O11 |s ` 52,787.35 crorc.
/our Compeny hes rcoccmco conos emoun||n¸ |o
` 5OO crorc our|n¸ |hc ycer. |cpeymcn|s emoun||n¸ |o
` 1,79O.71 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 ` 1,7Oo.55 crorc ves meoc
our|n¸ |hc ycer |overos forc|¸n currcncy |oens. ||xco
|cpos||s for ` crorc vcrc e|so o|scher¸co our|n¸
|hc ycer.
¹hc crco|| re||n¸ of |hc Compeny es en |ssucr cy C|lSl|
eno lC|/ con||nucs |o cc h|¸hcs| |.c. '///' eno
'l|///' rcspcc||vc|y. |ur|hcr, |hc re||n¸ ess|¸nco cy
C|lSl|, lC|/ eno C/|| for rupcc conos pro¸rem
con||nuco |o cc '///', '|///' eno 'C/|| ///'
rcspcc||vc|y, cc|n¸ |hc h|¸hcs| re||n¸. ¹hc re||n¸s
ess|¸nco cy C|lSl| for Compeny's ||xco |cpos||
Schcmcs |s '|///'. |ur|n¸ |hc re||n¸ cxcrc|sc of our
oomcs||c corrov|n¸s from cen|s |nc|uo|n¸ |hc
emoun|s comm|||co cy |hcm co|h C|lSl| eno lC|/ hes
ess|¸nco |hc h|¸hcs| re||n¸ |.c. '///' eno '|///'
rcspcc||vc|y.
|ur|n¸ |hc ycer, S|enoero eno |oors' eno |||ch |e||n¸s
con||nuco |o me|n|e|n |hc 'bbb-/S|ec|c' re||n¸ for |hc
compeny. ¹hc Compeny's forc|¸n currcncy re||n¸s erc
e| per v||h sovcrc|¸n re||n¸s of lno|e.
¹hc occ| |o cqu||y re||o e| |hc cno of nnenc|e| ycer
2O1O-11 of |hc Compeny |ncrcesco |o 4 from 1
e| |hc cno |hc prcv|ous nnenc|e| ycer. ¹hc |cc| Scrv|cc
35
th
Annual Report 2010-2011 o4
Covcre¸c |e||o ,|SC|) for |hc ycer |s 2.57 eno ln|crcs|
Scrv|cc Covcre¸c |e||o for nnenc|e| ycer 2O1O-11 |s 11.42.
|ormu|e usco for compu|e||on of covcre¸c re||os |SC|
= |ern|n¸s ccforc ln|crcs|, |cprcc|e||on eno ¹ex/
,ln|crcs| nc| off |rensfcrrco |o cxpcno||urc our|n¸
cons|ruc||on + |r|nc|pe| rcpeymcn|) eno lSC| =
|ern|n¸s ccforc ln|crcs|, |cprcc|e||on eno ¹ex/,ln|crcs|
nc| off |rensfcrrco |o cxpcno||urc our|n¸ cons|ruc||on).
¹hc me|ur||y pron|c of |hc corrov|n¸s cy |hc Compeny
|s es unocr:
` Crorc
Rupee Loans
incl. Bonds
& PDS
Foreign
Currency
loans
Total
\||h|n 1 ycer 2,52o.1O 925.33 3,451.43
2 ÷ 3 ycers o,559.98 1,949.58 8,5O9.5o
4 ÷ 5 ycers o,819.11 2,5O9.7o 9,328.87
o ÷ 1O ycers 13,44O.51 3,533.O9 1o,973.oO
bcyono 1O
ycers
3,151.58 1,773.2O 4,924.78
Total 32,497.28 10,690.96 43,188.24
3 Fixed Assets
|ur|n¸ |hc ycer Gross b|oc| of |hc compeny |ncrcesco
cy 9% ovcr |hc prcv|ous ycer vh|ch |rens|e|co |o
` 5,9O5.O8 Crorc. ¹h|s ves on eccoun| of cep||e||ze||on
of onc un|| of |orce-ll ,5OOV\) |ovcr |ro¦cc| eno
onc un|| of |eor|-ll ,49OV\) |ovcr |ro¦cc|. |c| b|oc|
hovcvcr, |ncrcesco cy 13%. ¹h|s ves ouc |o |hc fec|
|he| |hc compeny rcv|sco ||s ocprcc|e||on po||cy |n
||nc v||h op|n|on cxprcssco cy Comp|ro||cr & /uo||or
Gcncre| of lno|e ,cxp|e|nco |n |o|c 1o of |o|cs on
/ccoun|s, Schcou|c 2o) |uc |o |ncrcesc |n cons|ruc||on
ec||v|||cs, |hcrc ves en eoo|||on of ` o,5o3.95 crorc |n
|hc cep||e|-vor|-|n-pro¸rcss rc¸|s|cr|n¸ en |ncrcesc of
25% ovcr |hc |es| ycer. ¹hcrc ves e occrcesc of 7% |n
Cons|ruc||on S|orcs eno /ovenccs. On ovcre|| ces|s,
Cep||e| \or|s |n |ro¸rcss eno Cons|ruc||on s|orcs eno
/ovenccs |ncrcesco cy 19%.
` crorc
As at March 31 %
Change
2011 2010
Gross c|oc| 72,755.15 oo,85O.O7 9%
|c| b|oc| 39,235.9o 34,7o1.29 13%
Cep||e| \or|-|n-
|ro¸rcss
33,32o.34 2o,7o2.39 25%
Cons|ruc||on
s|orcs eno
eovenccs
4,944.29 5,341.92 -7%
C\l| +
Cons|ruc||on
s|orcs & /ov.
38,273 32,1O4.31 19%
Total ?xed assets 77,506.59 66,865.60 16%
4 Investments
lnvcs|mcn|s cons|s| me|n|y of bonos |ssuco unocr Onc
¹|mc Sc|||cmcn| Schcmc, bonos |ssuco e¸e|ns|
ou|s|eno|n¸ oucs eno cqu||y per||c|pe||on |n ¦o|n|
vcn|urcs eno sucs|o|er|cs. ¹hc |nvcs|mcn|s e|so
|nc|uoc |hc ocp|oymcn| of surp|us cesh ¸cncre|co ou|
of opcre||ons |n ver|ous |rcesury |ns|rumcn|s |ssuco cy
Govcrnmcn| of lno|e. |ur|n¸ nnenc|e| ycer 2O1O-11,
|hc |nvcs|mcn|s occrcesco cy ecou| 17%. broeo|y, |hc
crce|-up of |nvcs|mcn|s |s es fo||ovs:
` Crorc
As at March 31
2011 2010
bonos |ssuco unocr Onc
||mc sc|||cmcn| schcmc
8,17O.29 9,821.74
lnvcs|mcn|s |n !o|n| vcn|urcs 3,121.o3 2,48O.31
lnvcs|mcn| |n sucs|o|er|cs 8o5.88 549.55
lnvcs|mcn| of surp|us cesh
|n ver|ous |ns|rumcn|s
175.O4 1,943.49
O|hcrs 12.OO 12.OO
Total investments 12,344.84 14,807.09
bonos |ssuco e¸e|ns| sc|||cmcn| of rccc|vec|cs eccoun|
for oo% of |o|e| |nvcs|mcn|s e| |hc cno of nnenc|e|
ycer 2O1O-11. bonos unocr Onc ¹|mc Sc|||cmcn|
Schcmc ,O¹SS) emoun||n¸ |o ` 1,o51.45 crorc vcrc
rcoccmco our|n¸ |hc ycer es pcr schcou|co
rcocmp||on. ¹hcsc O¹SS 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 ycer 2O1O-11.
/our compeny |nvcs|co ` o41.32 crorc |n fo||ov|n¸
¦o|n| vcn|urcs our|n¸ |hc ycer:
` Crorc
Name of JV Amount
|¹|C-¹em|| |eou |ncr¸y Compeny ||o. 2OO.5O
Vc¦e 0r¦e ||¸em |r|ve|c ||m||co 35.OO
|e||one| |ovcr |xchen¸c ||o. 1.3o
|ec|ne¸er |ovcr Gcncre||n¸ Compeny |v| ||o. 58.OO
|e||one| ||¸h |ovcr ¹cs| |ecore|ory |r|ve|c ||o. 1.74
ln|crne||one| Coe| vcn|urcs ||o. 1.3O
/reve|| |ovcr Co. |v| ||o 318.9o
|ncr¸y |fnc|cncy Scrv|ccs ||o. 24.38
Cl|-|¹|C 0r¦e |v| ||o O.O8
Total 641.32
¹hc compeny e|so |nvcs|co ` 31o.71 crorc |n
sucs|o|er|cs es unocr:
` Crorc
Name of Subsidiary Amount
|¹|C |yoro ||o. 11.91
bher||ye |e|| b|¦|cc Compeny ||o. 142.31
|en|| b|¦|cc 0|peoen ||¸em ||o. 1o2.49
Total 316.71
35
th
Annual Report 2010-2011 o5
|ur|n¸ |hc ycer onc sucs|o|ery '||pevev |ovcr
|cvc|opmcn| Co. ||o' ,|||C|) ves vouno up eno ||s
nemc ves s|ruc| off from |hc rc¸|s|cr of compen|cs on
28.O1.2O11. /ccoro|n¸|y, |nvcs|mcn| |n |hc |||C|
emoun||n¸ |o ` O.38 crorc ves sc| off |n fu|| e¸e|ns| |hc
emoun| rccc|vco from G|C| |n |hc cer||cr ycers |n |h|s
rc¸ero.
¹hcrc ves en |nvcs|mcn| of surp|us funos |n shor| |crm
funos for ` 175.O4 crorc.
5 Current Assets
¹hc currcn| essc|s es on Verch 31, 2O11 eno Verch 31,
2O1O eno |hc chen¸cs |hcrc|n erc es fo||ovs:
` crorc
Current Assets As at March31 YoY
Change
%
Change 2011 2010
lnvcn|or|cs 3,o39.12 3,347.71 291.41 9%
¹o|e| |cc|ors 1O,291.oO 7,487.5O 2,8O4.1O 37%
|css: |rov|s|ons 2,3o7.29 834 1,531.25 183%
|c| Sunory
|cc|ors
7,924.31 o,o51.4o 1,272.85 19%
Cesh eno ben|
ce|enccs
1o,185.2o 14,459.48 1,725.78 12%
O|hcr Currcn|
/ssc|s
1,O4o.97 844.O4 2O2.93 24%
|oens eno
/ovenccs
o,oO1.13 5,513.11 1,O88.O2 2O%
Total Current
Assets
35,396.79 30,815.80 4,580.99 15%
/ me¦or por||on of currcn| essc|s compr|sco of Cesh
eno ben| ce|enccs. /s on Verch 31, 2O11, cesh eno
cen| ce|enccs s|ooo e| ` 1o,185.2o crorc cc|n¸ 4o%
of |hc |o|e| currcn| essc|s |n comper|son |o ` 14,459.48
crorc es e| Verch 31, 2O1O vh|ch ves 47% of |hc |o|e|
currcn| essc|s es on |he| oe|c. Of |h|s, `15,858.92 crorc
ves |cp| es |crm ocpos||s v||h cen|s es on Verch 31,
2O11 vh||c |hc |crm ocpos||s for |hc |es| ycer ves
` 13,825.52 crorc.
¹hc ncx| |er¸cs| componcn| of currcn| essc|s |s Sunory
|cc|ors. /s on 31
s|
Verch, 2O11, ¹o|e| Sunory |cc|ors
emoun|co |o `1O,291.oO crorc vh|ch |s 18.7% of se|cs
eno cqu|ve|cn| |o o8 oeys se|cs. ¹hc corrcspono|n¸
n¸urc es on 31
s|
Verch, 2O1O ves ` 7,487.5O crorc
vh|ch ves 1o.2% of se|cs eno cqu|ve|cn| |o 51 oeys
se|cs.
¹hc |o|e| sunory occ|ors |nc|uoc unc|||co emoun| of
` 2,o98.8o crorc ,prcv|ous ycer ` 1,OO1.15 crorc) |n
eccoroencc v||h /ccoun||n¸ |o||cy |o. 12.1 es
cxp|e|nco |n |o|c 3,e) of |o|cs on /ccoun|s,
Schcou|c 2o. ¹hc Sunory |cc|ors ou|s|eno|n¸ nc| of
unc|||co occ|ors |s ` 7,592.74 crorc eno |s cqu|ve|cn|
|o 51 oeys se|cs.
|rov|s|on of |ouc|fu| occ|s/|er|ff eo¦us|mcn| es on 31-
O3-2O11 |s ` 2,3o7.29 crorc eno |hc oc|e||s of such
prov|s|on erc es unocr:
` crorc
S.No Description Amount
1. |vb 835.97
2. On /ppce|s of C||C pcno|n¸
o|spose| cy |on'c|c Suprcmc Cour|
1,2o2.8o
3. |s||me|co |mpec| of proposco
emcnomcn| |o |c¸u|e||ons,2OO9
2o3.59
4. O|hcrs 4.87
Total 2,367.29
¹hc cx|s||n¸ prov|s|on of ` 835.97 crorc |n rcspcc| of
oucs of |c|h| v|oyu| boero |s cc|n¸ me|n|e|nco
pcno|n¸ rcso|u||on of |hc |ssuc of ||s rce||ze||on.
¹hc Compeny rcv|cvco |hc ce|encc eppcer|n¸ |n
Sunory |cc|ors eccoun| es on 31-3-2O1O eno es e
me||cr of ecunoen| prcceu||on eno |o prcscn|
conscrve||vc v|cv |n |hc /ccoun|s |o ver|ous
s|e|cho|ocrs, prov|s|on for |er|ff eo¦us|mcn| hes cccn
crce|co for |hc |mpec| of |hc |ssucs che||cn¸co cy
C||C |n |hc |on'c|c Suprcmc Cour| on orocrs of /|¹||
for |hc pcr|oo 2OO4-O9, for |hc |ssucs vhcrc |hc
Compeny hes ¸|vcn en unocr|e||n¸ for no| prcss|n¸ for
oc|crm|ne||on of |er|ff cy C||C. |ur|n¸ |hc ycer, |hc
Compeny hes prov|oco en emoun| of ` 1,2o2.8o crorc
es ¹er|ff /o¦us|mcn|.
|ur|n¸ |hc ycer, C||C |ssuco oref| no||nce||on of
proposco emcnomcn| |o ¹er|ff |c¸u|e||ons,2OO9 for
upfron| |ru|n¸ up of Cep||e| Cos| es on 1-4-2OO9, v||h
rc¸ero |o uno|scher¸co ||ec||||y for |er|ff oc|crm|ne||on.
|cncc, ` 2o3.59 crorc hes cccn prov|oco es ¹er|ff
/o¦us|mcn| for |hc |mpec| of ||ec|||||cs |n cep||e| cos|
for |hc ycers 2OO9-1O & 2O1O-11.
|oens eno eovenccs |ncrcesco cy 2O% es comperco
|o prcv|ous nnenc|e| ycer on eccoun| of h|¸hcr eovencc
|ex eno |ex ocouc|co e| sourcc ,|c| of |rov|s|on for
|ex), c|e|ms rccovcrec|c from Govcrnmcn| on eccoun|
of screpp|n¸ of pro¦cc| e| |oher|ne¸pe|e eno c|e|ms
e¸e|ns| re||veys.
¹hc |oen eno eovenccs es on 31.O3.2O11 compr|sc of
` 2,o17.9O crorc |overos eovencc |ex eno |ex
ocouc|co e| sourcc ,nc| of prov|s|ons), ` 748.82 crorc
cc|n¸ c|e|m rccovcrec|c |overos |oher|ne¸pe|e
,cxp|e|nco |n |o|c 11 of |o|cs on /ccoun|s, Schcou|c
2o) eno ` 781.35 crorc cc|n¸ c|e|ms e¸e|ns| re||veys.
|oen eno /ovenccs e|so |nc|uoc e |oen of ` 574.3o
crorc |o |hc Govcrnmcn| of |c|h| sucscqucn| |o |hc
convcrs|on of |hc oucs of |c|h| v|oyu| boero unocr
|hc onc-||mc-sc|||cmcn| schcmc. ¹hc Govcrnmcn| of
|c|h| peys 8.5% |ex-frcc |n|crcs| on |h|s |oen.
¹hc o|hcr |oens eno eovenccs erc mos||y |o supp||crs
eno con|rec|ors eno e|so on eccoun| of eovenccs
cx|cnoco |o cmp|oyccs for ver|ous purposcs such es
cu||o|n¸ of housc, purchesc of vch|c|cs c|c. es pcr |hc
35
th
Annual Report 2010-2011 oo
po||c|cs of your Compeny. ¹hc eovenccs |o cmp|oyccs
hevc comc oovn from ` 153.89 crorc es on 31.O3.2O1O
|o ` 11.o1 crorc es on 31.O3.2O11 me|n|y ouc |o
eo¦us|mcn| of eohoc eovenccs |o cmp|oyccs pcno|n¸
pey rcv|s|on e¸e|ns| ||ec||||y for pey rcv|s|on eppcer|n¸
|n currcn| ||ec|||||cs.
lnvcn|or|cs es e| Verch 31, 2O11 vcrc ` 3,o39.12 crorc
cc|n¸ 1O% of currcn| essc|s es e¸e|ns| ` 3,347.71 crorc
es on Verch 31, 2O1O. lnvcn|or|cs me|n|y compr|sc of
componcn|s eno spercs eno coe| vh|ch erc me|n|e|nco
for opcre||n¸ p|en|s. Componcn|s eno spercs vcrc
`1,741.25 crorc es e¸e|ns| ` 1,o49.94 crorc |n prcv|ous
ycer cno. Coe| |nvcn|ory emoun|co |o ` 1,255.5O crorc
es e¸e|ns| ` 1,117.54 crorc |n prcv|ous ycer.
6 Current Liabilities
` crorc
As at March 31 YoY
change
%
change
2011 2010
||ec|||||cs 1O,32O.48 7,o87.58 2,o32.9O 34%
|rov|s|ons 2,752.43 3,O7O.58 -318.15 -1O%
Total
Current
Liabilities
13,072.91 10,758.16 2,314.75 22%
¹hc currcn| ||ec|||||cs es e| Verch 31, 2O11 vcrc
` 1O,32O.48 crorc es e¸e|ns| ` 7,o87.58 crorc |n |hc
prcv|ous ycer. ¹hc currcn| ||ec|||||cs me|n|y compr|sc
of crco||ors for cep||e| cxpcno||urc, crco||ors for
supp|y of ¸ooos eno scrv|ccs, ocpos||s eno rc|cn||on
moncy from con|rec|ors. ¹hc crco||ors eno rc|cn||on
moncy, ocpos||s c|c. e| |hc cno of |hc ycer s|ooo e|
` 9,237.o5 crorc es e¸e|ns| ` o,884.4O crorc |n |hc
prcv|ous ycer.
¹hc |ncrcesc |s me|n|y on eccoun| of |ncrcesco
cons|ruc||on ec||v|||cs e| berh, ||heno eno v|nohyeche|,
emoun| peyec|c |o re||veys eno |o fuc| supp||crs.
|ur|hcr, |hcrc hes cccn en |ncrcesc |n rc|cn||on moncy
from vcnoors.
bcs|ocs |hcsc, eovenccs from cus|omcrs es on
31.O3.2O11 ves ` 451.25 crorc es e¸e|ns| ` 293.54
crorc |n |hc prcv|ous ycer. /n emoun| of ` 252.22
crorcs hes cccn shovn es eovencc from cus|omcrs
pcno|n¸ o|spose| of ccr|e|n |ssucs che||cn¸co cy |hcm
ccforc |on'c|c Suprcmc Cour|. ,|cfcr |o|c 2,f) of
|o|cs on /ccoun|s, Schcou|c 2o.)
7 Provisions
/s on Verch 31, 2O11, your Compeny heo prov|s|ons
ou|s|eno|n¸ emoun||n¸ |o ` 2,752.43 crorc es e¸e|ns|
` 3,O7O.58 crorc on 31
s|
Verch 2O1O. ¹h|s me|n|y
compr|sco ` 1,731.97 crorc ,prcv|ous ycer ` 2,O34.57
crorc) cc|n¸ prov|s|on for cs||me|co cmp|oycc
ccncn|s unocr /S 15 ,|cv|sco 2OO5) -¨|mp|oycc
bcncn|s' eno prov|s|on |overos cmp|oycc pcns|on
schcmc ,rcfcr |o|c 5 of no|cs on /ccoun|s, sch. 2o).
¹hc prov|s|on |n currcn| ycer |s |ovcr me|n|y ouc |o
rcouc||on |n prov|s|on emoun| ef|cr peymcn| of pey
rcv|s|on errcers |o cmp|oyccs on nne||ze||on of pey-
rcv|s|on of cmp|oyccs |n non-cxccu||vc ce|c¸ory.
|ur|hcr, prov|s|ons |nc|uoc ` o59.o3 crorc on eccoun|
of proposco o|v|ocno vh|ch vou|o cc pe|o suc¦cc|
|o epprove| of our shercho|ocrs. ¹hc |ncomc |ex
peyec|c on |hc proposco o|v|ocno |s ` 1O3.93 crorc
|nc|uoco |n |hc |rov|s|ons of nnenc|e| ycer 2O1O-11.
8 Cash ?ows
Cesh, cesh cqu|ve|cn|s eno cesh novs on ver|ous
ec||v|||cs for |hc pes| nvc ycers erc |ecu|e|co cc|ov:
` crorc
For the year ended March 31
2011 2010 2009 2008 2007
Opening Cash &
cash equivalents
14,460 16,272 14,933 13,315 8,471
|c| cesh from
opcre||n¸ ec||v|||cs
11,O95 1O,o11 9,o88 9,78o 8,Ooo
|c| cesh usco |n
|nvcs||n¸ ec||v|||cs
-7,o59 -1O,514 -7,5OO -5,819 -3,14o
|c| cesh nov from
nnenc|n¸ ec||v|||cs
-1,711 -1,9O9 -849 -2,349 -7o
Chen¸c |n Cesh eno
cesh cqu|ve|cn|s
1,725 -1,812 1,339 1,o18 4,843
Closing cash &
cash equivalents
16,185 14,460 16,272 14,933 13,315
|c| cesh usco |n |nvcs||n¸ ec||v|||cs occrcesco cy
27% eno ves ` 7,o59 crorc |n nnenc|e| ycer 2O1O-11 es
comperco |o ` 1O,514 crorc |n |hc prcv|ous ycer. Cesh
novs on |nvcs||n¸ ec||v|||cs er|sc from cxpcno||urc on
sc|||n¸ up povcr pro¦cc|s, |nvcs|mcn| of surp|us cesh
|n ver|ous sccur|||cs, |nvcs|mcn|s |n ¦o|n| vcn|urcs eno
sucs|o|er|cs. Cesh |nvcs|co on purchesc of ||xco
/ssc|s |ncrcesco cy 3% |.c from ` 1O,791 crorc |n
2OO9-1O |o ` 11,115 crorc |n 2O1O-11. |ur|n¸ |hc ycer,
|hcrc ves se|c of non-|reoc |nvcs|mcn|s eno
rcocmp||on of O¹SS bonos. Cesh novs from se|c of
|nvcs|mcn| ,|c| of purchesc of |nvcs|mcn|) ves
` 3,42O crorc. |ovcvcr, no ce|| op||on ves cxcrc|sco
cy S|bs on O¹SS conos our|n¸ |hc nnenc|e| ycer
2O1O-11. ¹hc nc| |nvcs|mcn| |n !o|n| vcn|urc
compen|cs eno sucs|o|er|cs ves ` 957.o5 crorc |n
currcn| nnenc|e| ycer es e¸e|ns| ` 742.51 crorc our|n¸
prcv|ous ycer. Cesh ¸cncre|co from |nvcs||n¸ ec||v|||cs
e|so rcoucco ouc |o rcouc||on |n |n|crcs| emoun| on
O¹SS conos.
|ur|n¸ |hc ycer, ou| of cesh re|sco from opcre||n¸
ec||v|||cs |hc compeny pe|o nc| ` 1,711 crorc of cesh
for scrv|c|n¸ nnenc|n¸ ec||v|||cs es e¸e|ns| `1,9O9 crorc
|n |hc prcv|ous ycer. |ur|n¸ |hc nnenc|e| ycer 2O1O-11
|hc compeny heo en |nnov of ` 9,845 crorc from |on¸
35
th
Annual Report 2010-2011 o7
|crm corrov|n¸s es e¸e|ns| ` o,982 crorc |n |hc
prcv|ous ycer. Cesh usco for rcpeymcn| of |on¸ |crm
corrov|n¸s our|n¸ |hc currcn| nnenc|e| ycer ves
` 4,797 crorc es e¸e|ns| ` 2,o55 crorc rcpe|o |n |hc
prcv|ous ycer. Cesh usco for pey|n¸ o|v|ocno eno |hc
|ex |hcrcon ves ` 3,o51 crorc.
BUSINESS AND FINANCIAL REVIEW OF SUBSIDIARIES
/our Compeny hes nvc sucs|o|ery compen|cs es on
31.O3.2O11 ou| of vh|ch |hrcc erc vho||y ovnco cy |¹|C.
|ur|n¸ |hc ycer, |hc |c¸|s|rer of Compen|cs, Govcrnmcn| of
|c|h| eno |eryene hes unocr Scc||on 5oO of |hc Compen|cs
/c|, 195o s|ruc| off |hc nemc of ||pevev |ovcr |cvc|opmcn|
Compeny ||m||co ,vho||y ovnco sucs|o|ery of |¹|C ||o.).
¹hc oc|e||co nnenc|e| s|e|cmcn|s of |hc sucs|o|er|cs erc
|nc|uoco |n |h|s /nnue| |cpor| c|scvhcrc. ¹hc pcrformencc
of |hc nvc sucs|o|er|cs |s cr|cny o|scussco hcrc:
(a) NTPC Electric Supply Company Limited (NESCL)
¹hc nnenc|e| h|¸h||¸h|s of |hc Compeny erc es unocr:
Particulars FY 2010-11 FY 2009-10
` Crorc
|¹|C's |nvcs|mcn| |n cqu||y O.O8 O.O8
Gross lncomc o4.O5 79.9o
|ron| /f|cr ¹ex 1 2o.59
` |cr Sherc
|ern|n¸s |cr Sherc 743.42 3,28o.38
¹hc compeny ves formco on /u¸us| 21, 2OO2 es e
vho||y ovnco sucs|o|ery compeny of |¹|C v||h en
oc¦cc||vc |o me|c e forey |n |hc cus|ncss of o|s|r|cu||on
eno supp|y of c|cc|r|ce| cncr¸y es e scquc| |o rcforms
|n|||e|co |n |hc povcr scc|or. |rcscn||y, |hc compeny
|s unocr|e||n¸ |hc fo||ov|n¸ ec||v|||cs:
¹hc compeny hes cccn |nvo|vco |n |hc cxccu||on of
vor| on |urn|cy ces|s unocr |hc Govcrnmcn|'s rure|
c|cc|r|nce||on pro¸rem nemc|y ¨|e¦|v Genoh| Gremccn
v|oyu||-|eren /o¦ene' |n 29 o|s|r|c|s |n 5 S|e|cs, nemc|y,
Chhe|||s¸erh, !her|heno, Veohye |reocsh, Oo|she eno
\cs| bcn¸e| covcr|n¸ morc |hen 38,OOO v|||e¸cs eno
epprox|me|c|y 27 |e|h bc|ov |ovcr|y ||nc ,b||)
conncc||ons. 4,315 0n-c|cc|r|nco/|c-c|cc|r|nco ,0|/
||) v|||e¸cs vcrc meoc rceoy eno 12.52 |e|h bc|ov
|ovcr|y ||nc ,b||) |ure| housc ho|o conncc||ons vcrc
prov|oco our|n¸ |hc nnenc|e| ycer 2O1O-11. ¹hc
cumu|e||vc ech|cvcmcn| |||| 31.O3.11 |s 14,433 0|/||
v|||e¸cs eno 23.23 |e|h b|| conncc||ons.
|cy on-¸o|n¸ ess|¸nmcn|s of ||SC| |nc|uoc |ro¦cc|
mene¸cmcn| consu||ency vor| for sc|||n¸ up 22O |v
sucs|e||ons, sv||ch yero eno essoc|e|co fec|||||cs e|
b|C| |och| |cnncry oc|e|nco |hrou¸h compc||||vc
c|oo|n¸ proccss eno |urn|cy cxccu||on of 2x2O Vv/,
oo/11 |v suc-s|e||on eno eu¸mcn|e||on of oo/11 |v
suc-s|e||on v||h ncv 1x3OVv/ |ovcr |rensformcr for
0n|on ¹crr||ory of Cheno|¸erh.
¹hc Compeny hes proposco e nne| o|v|ocno of ` 4
crorc for |hc ycer 2O1O-11.
Joint venture of NESCL
¹hc 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. ¹hc ncv !v Compeny hes |e|cn ovcr
|hc opcre||ons from 1
s|
|cc 2O1O.
/s on 31.3.2O11, |hc pe|o up 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|.
(b) NTPC Vidyut Vyapar Nigam Limited (NVVN)
¹hc nnenc|e| h|¸h||¸h|s of |hc Compeny erc es unocr:
Particulars FY 2010-11 FY 2009-10
` Crorc
|¹|C's |nvcs|mcn| |n
cqu||y
2O.OO 2O.OO
Gross lncomc 78.95 85.13
|ron| /f|cr ¹ex 3O.Oo 28.39
` |cr Sherc
|ern|n¸s pcr sherc 15.O3 14.2O
¹hc compeny ves formco on |ovcmccr 1, 2OO2 es e
vho||y ovnco sucs|o|ery compeny of |¹|C v||h en
oc¦cc||vc |o unocr|e|c cus|ncss of se|c eno purchesc
of c|cc|r|c povcr, |o cffcc||vc|y u||||sc |ns|e||co
cepec||y eno |hus cnec||n¸ rcouc||on |n |hc cos| of
povcr. |ur|n¸ |hc ycer 2O1O-11, |hc compeny
|rensec|co cus|ncss v||h ver|ous S|e|c ||cc|r|c||y
boeros sprceo e|| ovcr |hc coun|ry eno |reoco o,933
V0s of c|cc|r|c||y |n comper|son |o 5,549 V0s |reoco
|n |hc prcv|ous ycer vh|ch emoun|s |o en |ncrcesc of
25% ovcr |hc prcv|ous ycer.
|vv| hes cccn ocs|¸ne|co es |hc |ooe| /¸cncy cy
|hc V|n|s|ry of |ovcr ,Vo|), Gov|. of lno|e for purchesc
eno se|c of ¸r|o conncc|co so|er povcr up|o 1,OOO
V\ es e per| of |hesc-l ,2OO9-13) of !eveher|e| |chru
|e||one| So|er V|ss|on ,!||SV).¹hc ro|c of |vv|
cnv|se¸cs purchesc of So|er |ovcr from So|er |ovcr
|cvc|opcrs ,S||s) eno cuno||n¸ |hc semc v||h
cqu|ve|cn| cepec||y of une||oce|co povcr from |¹|C
Coe| S|e||ons |o cc e||oce|co cy Vo| for se|c |o S|e|c
0||||||cs/|lSCOVs. ¹hc boero of |vv| epprovco |hc
propose| for cn|cr|n¸ ||/s v||h 37 So|er |ovcr
|cvc|opcrs for e cumu|e||vc Cepec||y of o2O V\
compr|s|n¸ 3O S||s for 15O V\ of So|er |v |ro¦cc|s
eno 7 S||s for So|er ¹hcrme| |ro¦cc|s of 47O V\
Cepec||y unocr |hesc l, be|ch l of |hc !eveher|e| |chru
|e||one| So|er V|ss|on. ||/s hevc cccn s|¸nco v||h 3o
S||s.
35
th
Annual Report 2010-2011 o8
¹h|s |s |n eoo|||on |o |hc e|rceoy ||co up so|er cepec||y
of 84 V\ unocr |hc V|¸re||on Schcmc of V||| unocr
!||SV.
¹hc Compeny hes proposco e nne| o|v|ocno of
` 15.OO crorc for |hc ycer 2O1O-11.
(c) NTPC Hydro Limited (NHL)
¹hc nnenc|e| h|¸h||¸h|s of |hc Compeny erc es unocr:
` Crorc
Particulars FY 2010-11 FY 2009-10
|¹|C's |nvcs|mcn| |n
cqu||y ,|nc|. sherc cep||e| ocpos||)
114.4o 1O2.55
|oss ||| |||
||xco /ssc|s |nc|uo|n¸
C\l|
1O8.73 97.95
ln fur|hcrencc of ||s cffor|s |o |e|c forvero |hc hyoro
cepec||y eoo|||on eno |o ¸|vc cxc|us|vc |hrus| |o sme||
eno mco|um s|zco |yoro |ovcr |ro¦cc|s up|o 25OV\
cepec||y, |¹|C ||o. hes sc| up e vho||y ovnco
sucs|o|ery compeny nemco ¨|¹|C |yoro ||o.' |n
|cccmccr, 2OO2. |rcscn||y |hc compeny |s
|mp|cmcn||n¸ |hc fo||ov|n¸ pro¦cc|s:
• Lata Tapovan hydro electric project ,171 V\) |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 pro¦cc|
hes cccn phys|ce||y ecqu|rco. ¹hc pro¦cc| hes cccn
p|ennco |o cc cxccu|co on ||C rou|c cons|s||n¸ of
|vo me|n ||C pec|e¸cs. ¹hc ||C pec|e¸c, nemc|y, C|v||
|nc|uo|n¸ |yoro Vcchen|ce| \or|s |s unocr rc-
|cnocr|n¸ proccss eno evero |s cnv|se¸co our|n¸ |hc
nnenc|e| ycer 2O11-12. ¹hc sccono ||C pec|e¸c,
nemc|y, |V \or|s |s e|so unocr c|oo|n¸ proccss. ¹hc
pro¦cc| she|| cc ocvc|opco es e rc¸|one| povcr s|e||on
v||h 12% frcc povcr |o Gov|. of 0||ere|heno. ¹hc
povcr ¸cncre|co from |hc pro¦cc| vou|o cc prov|oco
|o |hc ccncnc|er|cs of |or|hcrn |c¸|on S|e|cs. ¹hc
pro¦cc| |s s|e|co for comm|ss|on|n¸ our|n¸ 12
|h
||en
pcr|oo. ¹hc cs||me|co cos| of |hc pro¦cc| |s ` 792
crorcs ,|nc|uocs l|C) e| Oc|' 2OO5 pr|cc |cvc|. /nnue|
¸cncre||on from |hc pro¦cc| |s cs||me|co es 8o9 V0s.
• Rammam-III (120 MW) in the state of West Bengal-
/|| |hc s|e|u|ory c|cerenccs hevc cccn oc|e|nco eno
me¦or||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 pro¸rcss. ¹hc me|n ||C pec|e¸c,
nemc|y, C|v|| & |V \or|s |s currcn||y unocr |cnocr|n¸
proccss eno evero |s cnv|se¸co our|n¸ |hc ycer 2O11-
12.¹hc pro¦cc| |s for |hc ccncn| of \cs| bcn¸e| eno
S||||m S|e|cs eno |s s|e|co for comm|ss|on|n¸ our|n¸
12
|h
||en. /nnue| ¸cncre||on from |h|s pro¦cc| |s
cs||me|co es 47o V0s.
/s on 31.3.2O11, |hc pe|o up cep||e| of |hc Compeny
|s ` 113.9o crorc eno ` O.5 crorc of sherc epp||ce||on
moncy |s pcno|n¸ for e||o|mcn|.
(d) Kanti Bijlee Utpadan Nigam Limited
/s pcr |hc occ|s|on of Gov|. of lno|e, e ncv compeny
nemco 've|she|| |ovcr Gcncre||n¸ Compeny ||o.' ves
|ncorpore|co on Scp|cmccr o, 2OOo es e sucs|o|ery of
|¹|C |o |e|c ovcr Vuzefferpur ¹hcrme| |ovcr S|e||on
,V¹|S) ,2 x 11O V\). ¹hc Compeny ves rcchr|s|cnco
es '|en|| b|¦|cc 0|peoen ||¸em ||m||co' on 1O.O4.2OO8.
¹hc prcscn| cqu||y con|r|cu||on |n |hc compeny |s
o4.57% cy |¹|C eno 35.43% cy bS|b.
0n|| # 2 of 11O V\ of s|e¸c÷l ves occ|erco commcrc|e|
|n Oc|occr 2O1O.|cnove||on eno Voocrn|ze||on ,|&V)
of cx|s||n¸ un||s 2×11O V\ |s cc|n¸ cerr|co-ou| cy
b|||.
|or s|e¸c ll ,2x195 V\) bS|b hes ¸|vcn conscn| for
cqu||y per||c|pe||on. Ve|n ||en| C|v||, C\, Offs||c C|v||
\or|s, Ch|mncy eno Ch|mncy ||cve|or pec|e¸c hes
cccn everoco |o |CC on O4.O2.11.
/s on 31.3.2O11, |hc pe|o up cep||e| of |hc Compeny
|s ` 88.51 crorc eno ` 25o.15 crorc of sherc epp||ce||on
moncy pcno|n¸ for e||o|mcn|.
¹hc nnenc|e| h|¸h||¸h|s of |hc Compeny erc ¸|vcn
cc|ov:

` Crorc
Particulars FY 2010-11 FY 2009-10
|¹|C's |nvcs|mcn| |n
cqu||y ,|nc| sherc cep||e| ocpos||)
221.88 59.39
Gross lncomc 51.Oo -
|oss 14.58 O.O8
|ern|n¸s pcr sherc ,`) ,1.oo) ,O.13)
(e) Bhartiya Rail Bijlee Company Limited (BRBCL)
'bher||ye |e|| b|¦|cc Compeny ||m||co' ves |ncorpore|co
es e sucs|o|ery of |¹|C on |ovcmccr 22, 2OO7 hev|n¸
cqu||y per||c|pe||on of 74:2o cy |¹|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 p|en|
e| |ec|ne¸er, o|s|r|c| /uren¸eceo, b|her. ||/ ,|ovcr
|urchesc /¸rccmcn|) s|¸nco v||h lno|en |e||veys on
1o.12.2O1O. / |oen e¸rccmcn| ves s|¸nco v||h ||C
for ` 1,498.75 crorcs on 23.O3.2O11. /s on 31.3.2O11,
|hc pe|o up cep||e| of |hc Compeny |s ` 48O crorc eno
` 291.4o crorc of sherc epp||ce||on moncy |s pcno|n¸
for e||o|mcn|.
¹hc nnenc|e| h|¸h||¸h|s of |hc Compeny erc ¸|vcn
cc|ov:
Particulars FY 2010-11 FY 2009-10
` crorc
|¹|C's |nvcs|mcn| |n
cqu||y ,|nc|. sherc cep||e| ocpos||)
5O9.4o 3o7.15
|oss O.O2 O.O2
` |cr Sherc
|ern|n¸s pcr sherc ,O.OO) ,O.OO)
35
th
Annual Report 2010-2011 o9
BUSINESS AND FINANCIAL REVIEW OF JOINT VENTURE
COMPANIES
a) Utility Powertech Limited (UPL)
¹hc nnenc|e| h|¸h||¸h|s of |hc Compeny erc es unocr:
Particulars FY 2010-11 FY 2009-10
` Crorc
|¹|C's |nvcs|mcn| |n
cqu||y
1.OO 1.OO
Gross lncomc 3Oo.15 2o2.92
|ron| /f|cr ¹ex 2.79 8.98
` |cr Sherc
|ern|n¸s pcr sherc o.97 22.45
0|| |s e 5O:5O ¦o|n| vcn|urc compeny of |¹|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. /s on 31.O3.2O11, |hc pe|o up
cqu||y cep||e| of |hc Compeny |s ` 4 crorc v||h 5O%
sherc of your compeny. |¹|C's |nvcs|mcn| |n sherc
cep||e| |s ` 1.OO crorc.
b) NTPC-SAIL Power Company Pvt. Ltd. (NSPCL)
|S|C|, e 5O:5O !o|n| vcn|urc Compeny of your
compeny eno S/l| ves |ncorpore|co on O8.O2.1999
for runn|n¸ |hc Cep||vc |ovcr ||en|s of S/l| e|
|ur¸epur, |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| |ur¸epur, |our|c|e
eno bh||e|. Cep||vc povcr p|en|s ,314 V\) of |S|C|
rccoroco ¸cncre||on of 2,oo8 V0s e| 9o.98% |||
vh|ch ves |hc h|¸hcs| cvcr s|ncc |nccp||on. |ur|hcr,
co|h 25O V\ un||s of bh||e| |xpens|on ,2×25OV\)
ech|cvco 91.73% ||| eno ¸cncre|co 4,O18 V0s.
/s on 31.O3.2O11, |hc pe|o up cep||e| of |hc Compeny
|s ` 95O.5 crorc eno ou| of |h|s, 5O% hes cccn
con|r|cu|co cy your compeny.
¹hc nnenc|e| h|¸h||¸h|s of |h|s Compeny erc es unocr:
Particulars FY 2010-11 FY 2009-10
` Crorc
|¹|C's |nvcs|mcn| |n cqu||y 475.25 475.25
Gross lncomc 1,44O.98 957.O9
|ron| /f|cr ¹ex 191.34 83.93
` |cr Sherc
|ern|n¸s pcr sherc 2.O1 O.88
|S|C| hes rccommcnoco e nne| o|v|ocno of ` 1O4.5o
crorc of vh|ch |¹|C's sherc |s ` 52.28 crorc.
c) NTPC-ALSTOM Power Services Private Limited (NASL)
¹hc nnenc|e| h|¸h||¸h|s of |hc Compeny erc es unocr:
Particulars FY 2010-11 FY 2009-10
` Crorc
|¹|C's |nvcs|mcn| |n cqu||y 3.OO 3.OO
Gross lncomc 28.48 28.5o
|ron| /f|cr ¹ex O.99 1.28
` |cr Sherc
|ern|n¸s pcr sherc 1.oo 2.14
|/S| |s e 5O:5O ¦o|n| vcn|urc compeny cc|vccn |¹|C
eno /S|¹OV |O\|| G||||/¹lO| /G, Gcrmeny. ¹hc
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. |ur|n¸ 2O1O-
11, |/S| hes sucm|||co |cchn|ce| c|os for |cs|oue| ||fc
/sscssmcn| ,||/) s|uo|cs of bo||crs eno Gcncre|ors e|
S|n¸reu||, v|she|hepe|nem eno |our|c|e S|cc| p|en| c|c.
¹hc Compeny hes rccc|vco en orocr |o |hc |unc of
` 123.25 crorc from |/|CO |overos |c|ron|||n¸ of |S|
un||s e| /n¸u|, Oo|she. |/S| |s e|so cn¸e¸co |n
cxccu||on of ver|ous con|rec|s |n povcr s|e||on of
ver|ous S|e|c ||cc|r|c||y boeros povcr s|e||ons e|
bhe||noe, /mer|en|e|, ¹enoe, ¹e|chcr c|c. /s on
31.O3.2O11, |hc pe|o up cep||e| of |hc Compeny |s ` o
crorc v||h 5O% cc|n¸ con|r|cu|co cy your compeny.
d) NTPC Tamil Nadu Energy Company Ltd. (NTECL)
|¹|C ¹em|| |eou |ncr¸y Compeny ||o, ves formco es
e 5O:5O ¦o|n| vcn|urc cc|vccn your compeny eno
¹em|| |eou ||cc|r|c||y boero ,¹||b) on Vey 25, 2OO3
|o ocvc|op eno opcre|c 15OOV\ povcr pro¦cc| e|
ve||ur. ¹hc pro¦cc| |s nemco es ve||ur ¹hcrme| |ovcr
|ro¦cc| eno |s cxpcc|co |o usc |nnorc por| |nfres|ruc|urc
fec|||||cs. Vc¸e |ovcr S|e|us ves eccoroco |o |hc
pro¦cc| ,3x5OO V\) on 12.O3.O8.
¹hc cons|ruc||on vor| e| s||c |s |n fu|| sv|n¸.
Comm|ss|on|n¸ ec||v|||cs for un|| |o. 1 of |hesc-l hes
cccn |e|cn up from 1
s|
Ver'11. |or 0n|| #2 of |hesc-l,
¹G crcc||on hes commcncco on 28.O3.11. |or
|hesc ÷ll un||, |S| |rcc||on s|er|co on 21.O1.11.
¹hc pe|o up cep||e| of |hc Compeny |s ` 1,1o2 crorc
eno ou| of |h|s, 5O% hes cccn con|r|cu|co cy your
compeny. |ur|hcr es on 31.O3.2O11, |hc emoun| of
Sherc Cep||e| |cpos|| pcno|n¸ for e||o|mcn| |s ` 12O
crorc ou| of vh|ch |¹|C's sherc |s ` oO crorc.
e) Ratnagiri Gas and Power Pvt. Limited (RGPPL)
|e|ne¸|r| Ges eno |ovcr |r|ve|c ||o hes cccn formco
es ¦o|n| vcn|urc cc|vccn |¹|C, G/l|, VS|b |o|o|n¸
Co. ||o. eno lno|en ||nenc|e| |ns|||u||ons v||h |¹|C
hev|n¸ e s|e|c of 3O.17% for |e||n¸ ovcr eno opcre||n¸
crs|vh||c |echo| |ovcr |ro¦cc| essc|s cons|s||n¸ of
1,9o7.O8 V\ Ges cesco comc|nco cyc|c |ovcr b|oc|
35
th
Annual Report 2010-2011 7O
eno 5 VV¹|/ ||G b|oc|. ¹hc essc|s vcrc |rensfcrrco
|o |G||| |n Oc|occr 2OO5 eno |hc |ovcr b|oc|,
spcerhceoco cy your compeny, hes cccn fu||y rcv|vco
eno unocr commcrc|e| opcre||on s|ncc Vey 19, 2OO9.
¹hc ||G b|oc|, spcerhceoco cy G/l|, |s yc| |o cc
comm|ss|onco v||h somc mer|nc fec|||||cs s|||| |o cc
comp|c|co for cr|n¸|n¸ |n |hc comm|ss|on|n¸ cer¸o.
¹hc |o|e| ¸cncre||on from |ovcr b|oc| our|n¸ 2O1O-11
ves 11,7Oo V0s e¸e|ns| e C||C |er¸c| of o7%
eve||ec||||y/11,OOO V0s. Gol hes e||oce|co fu|| quen|um
of oomcs||c ¸es from |G ces|n rcqu|rco for |ovcr
b|oc|s ,ecou| 8.5 VVSCV|). |G||| heo commcncco
povcr ¸cncre||on us|n¸ oomcs||c ¸es from |G |-o
ces|n from Scp|cmccr 3O, 2OO9. ¹hc currcn| orev| |s
erouno 7.o VVSCV|. ¹hc rchec of 5 ¸es |urc|ncs ou|
of o comm|ss|onco hes cccn comp|c|co |||| oe|c.
/s on 31.O3.2O11, |hc pe|o up cep||e| of |hc Compeny
|s ` 2,297 crorc eno ou| of |h|s, ` o92.9O crorc ,3O.17%)
hes cccn con|r|cu|co cy your compeny.
¹hc nnenc|e| h|¸h||¸h|s of |hc Compeny erc es unocr:
` crorc
Particulars FY 2010-11 FY 2009-10
|¹|C's |nvcs|mcn| |n
cqu||y ,*|nc|. sherc cep||e| ocpos||)
o92.9O o92.9O*
Gross lncomc 4,5o5.5O 3,77O.34
|ron| 5O4.91 48.83
` |cr Sherc
|ern|n¸s pcr sherc ,bes|c) 2.2O O.24
f) Aravali Power Company Private Limited
/reve|| |ovcr Compeny |r|ve|c ||m||co ,/ !o|n|
vcn|urc Compeny of |¹|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|.)
|s sc|||n¸ up /reve|| Supcr ¹hcrme| |ovcr |ro¦cc| of
1,5OO V\ ,3x5OO V\), e coe| nrco povcr p|en|, |n
!he¦¦er ||s|r|c| of |eryene. ¹hc pro¦cc| |s cc|n¸ sc| up
cy |¹|C on conccp|-|o-comm|ss|on|n¸ ces|s. |¹|C
||o. vou|o e|so opcre|c eno me|n|e|n |hc s|e||on on
Vene¸cmcn| Con|rec| ces|s for e| |ces| 25 ycers. ¹hc
povcr from |h|s |ro¦cc| v||| cc sherco on 5O:5O ces|s,
cc|vccn |eryene eno |C¹ of |c|h|.
0n||-l s|er|co commcrc|e| opcre||on v.c.f. from
O5.O3.2O11. Cons|ruc||on ec||v|||cs for 0n|| |o. ll eno
0n|| |o. lll erc |n fu|| sv|n¸.
/s on 31.O3.2O11, |hc pe|o up cep||e| of |hc Compeny
|s ` 1,317.O5 crorc v||h 5O% cc|n¸ con|r|cu|co cy
|¹|C ||o. |ur|hcr es on 31.O3.2O11, |hc emoun| of
Sherc Cep||e| |cpos|| pcno|n¸ for e||o|mcn| |s ` o5O.94
crorc ou| of vh|ch |¹|C's sherc |s ` 318.9o crorc.
` crorc
Particulars FY 2010-11 FY 2009-10
|¹|C's |nvcs|mcn| |n
cqu||y ,|nc|. sherc cep||e| ocpos||)
977.48 o58.52
Gross lncomc 47.43 -
|ron| ,|oss) ,37.o4) ,O.33)
` |cr Sherc
|ern|n¸s pcr sherc,bes|c) ,O.29) -
g) NTPC-SCCL Global Venture Pvt. Ltd
|¹|C ||m||co e|on¸ v||h S|n¸ercn| Co|||cr|cs Compeny
||m||co formco e 5O:5O ¦o|n| vcn|urc Compeny unocr
|hc nemc eno s|y|c of ¨|¹|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|c¸re|co coe| cesco povcr p|en|s
eno prov|o|n¸ consu||ency scrv|ccs. bo|h |¹|C eno
SCC| ho|o 5O% cqu||y cech.
/s on 31.O3.2O11, |hc pe|o up cep||e| of |hc Compeny
|s ` O.1O crorc, ou| of vh|ch 5O% hes cccn con|r|cu|co
cy your compeny.
h) Meja Urja Nigam Private Limited
|¹|C hes formco e !v Compeny v||h 0||er |reocsh
|e¦ye v|oyu| 0|peoen ||¸em ||m||co ,0||v0||) unocr
|hc nemc ¨Vc¦e 0r¦e ||¸em |r|ve|c ||m||co' on /pr|| 2,
2OO8 for sc|||n¸ up e povcr p|en| of 1,32O V\ ,2×ooO
V\) e| Vc¦e ¹chs|| |n /||eheceo o|s|r|c| |n |hc s|e|c of
0||er |reocsh.
/|| s|e|u|ory c|cerenccs erc eve||ec|c for |hc pro¦cc|.
|or S¹G pec|e¸c, |Ol hes cccn |ssuco |o ¹osh|ce on
27.O1.2O11. |or be|encc of ||en|, |l¹ oonc for 27
pec|e¸cs eno c|os opcnco for 2O pec|e¸cs.
/s on 31.O3.2O11, |hc pe|o up cep||e| of |hc Compeny
|s ` 14o.8o crorc eno ou| of |h|s, 5O% hes cccn
con|r|cu|co cy |¹|C ||o. |ur|hcr es on 31.O3.2O11,
ou| of Sherc Cep||e| |cpos|| pcno|n¸ for e||o|mcn|
emoun||n¸ |o ` 22.OO crorc, ` 11.OO crorc cc|n¸ 5O%
of |hc |o|e| Sherc Cep||e| |cpos|| hes cccn con|r|cu|co
cy your compeny.
i) NTPC BHEL Power Projects Pvt Ltd. (NBPPL)
¨|¹|C b||| |ovcr |ro¦cc|s |v| ||o.' 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 cn¸e¸c |n menufec|ur|n¸ eno
supp|y of cqu|pmcn| for povcr p|en|s eno o|hcr
|nfres|ruc|urc pro¦cc|s |n lno|e eno ecroeo. |ounoe||on
s|onc |e|o for povcr cqu|pmcn| menufec|ur|n¸ ||en|
e| Venneverem |n Scp|'2O1O.
b||| hes ¸|vcn be|encc of ||en| pec|e¸cs for |e|e|ene
35
th
Annual Report 2010-2011 71
Comc|nco Cyc|c |ovcr ||en| |n ¹r|pure eno |emrup
Comc|nco Cyc|c |ovcr p|en| |n /ssem.
/s on 31.O3.2O11, |hc pe|o up cep||e| of |hc Compeny
|s ` 5O.OO crorc, ou| of |h|s, 5O% hes cccn con|r|cu|co
cy your compeny.
Particulars FY 2010-11 FY 2009-10
` crorc
|¹|C's |nvcs|mcn| |n cqu||y 25.OO 25.OO
Gross lncomc 1O8.84 4.22
|ron| ,|oss) 9.2o ,O.7o)
` |cr Sherc
|ern|n¸s pcr sherc,bes|c) 1.85 ,O.94)
j) BF-NTPC Energy Systems Limited
¨b|-|¹|C |ncr¸y Sys|cms ||m||co' ,b|||S|) ves
formco on !unc 19, 2OO8 v||h bhere| |or¸c ||m||co
,b||) |o cs|ec||sh e fec||||y |o |e|c up menufec|ur|n¸ of
ces||n¸s, for¸|n¸s, n|||n¸s eno h|¸h prcssurc p|p|n¸
rcqu|rco for povcr pro¦cc|s eno o|hcr |nous|r|cs,
be|encc of ||en| ,bO|) cqu|pmcn| for |hc povcr
scc|or. 9O.17 ecrcs |eno hes cccn ecqu|rco e| So|epur
for sc|||n¸ up |hc fec|ory eno evero of |opo¸rephy &
¸co|cchn|ce| vor|s for |hc s||c |s cxpcc|co shor||y.
/s on 31.O3.2O11, |hc pe|o up cep||e| of |hc Compeny
|s ` 12.OO crorc v||h 49% |.c. 5.88 crorc cc|n¸
con|r|cu|co cy your compeny.
k) Nabinagar Power Generating Company Private
Limited
'|ec|ne¸er |ovcr Gcncre||n¸ Compeny |r|ve|c ||m||co'
,||GC|) ves |ncorpore|co es e !v Compeny on
Scp|cmccr 9, 2OO8 v||h cque| cqu||y con|r|cu||on
from b|her S|e|c ||cc|r|c||y boero for sc|||n¸-up of e
coe| cesco povcr pro¦cc| e| |cv |ec|ne¸er |n o|s|r|c|
/uren¸eceo of S|e|c of b|her. ¹hc pro¦cc| v||| hevc e
cepec||y of 1,98O V\ ,3×ooO V\). ¹hc Compeny v|||
e|so unocr|e|c opcre||on & me|n|cnencc of |hc pro¦cc|
ef|cr ||s comm|ss|on|n¸.
|ces|c||||y |cpor| of |hc pro¦cc| ves epprovco cy
||GC| boero on O2.O7.O9.|eno ecqu|s|||on ec||v|||cs
hevc cccn |n|||e|co. Vo|| hes eccoroco cnv|ronmcn|e|
c|cerencc for s|e¸c ÷ l ,3xooO V\) on 27.12.2O1O. ln-
pr|nc|p|c epprove| for Coe| ||n|e¸c rccc|vco from |hc
VOC.
/s on 31.O3.2O11, |hc pe|o up cep||e| of |hc Compeny
|s ` 3OO crorc of vh|ch 5O% cep||e| ves con|r|cu|co
cy your compeny.
l) National Power Exchange Limited (NPEX)
'|e||one| |ovcr |xchen¸c ||m||co' ,|||×) ves
|ncorpore|co es e !v Compeny v||h |||C ||o., |ovcr
||nencc Corpore||on ||o. eno ¹e|e Consu||ency Scrv|ccs
||o. on |cccmccr 11, 2OO8 |o sc| up eno opcre|c e
|ovcr |xchen¸c e| |e||one| |cvc|. ¹h|s |ovcr |xchen¸c
vou|o prov|oc e ncu|re| eno |renspercn| c|cc|ron|c
p|e|form for |reo|n¸ of povcr on ¨oey ehceo ces|s'
eno cnsurc c|cer|n¸ of e|| |reocs |n e |renspercn|, fe|r
eno opcn menncr v||h ecccss |o e|| p|eycrs |n |hc
povcr mer|c|s. /n |n-pr|nc|p|c epprove| cy C||C |o
sc| up eno opcre|c e ne||one| |cvc| povcr cxchen¸c
ves rccc|vco on !u|y 1, 2OO9. |cv |c¸u|e||ons for
povcr cxchen¸c hevc cccn |ssuco cy Ccn|re|
||cc|r|c||y |c¸u|e|ory Comm|ss|on on 2O
|h
!en 2O1O.
¹hc Compeny hes |n|||e|co ec||on for comp||encc eno
e||¸n|n¸ ||sc|f |o |hcsc rc¸u|e||ons.
|||× hes sucm|||co |hc rcv|sco |u|cs eno byc |evs
for C||C epprove| on 3O.O3.2O11.
¹hc Compeny hes en eu|hor|zco sherc cep||e| of
` 5O.OO crorc. |ur|n¸ |hc nnenc|e| ycer 2O1O-11, pe|o-
up sherc cep||e| hes cccn |ncrcesco from ` 5.OO crorc
|o ` 13.13 crorc. |cv shercho|ocrs hevc cccn
|nouc|co |o hevc e o|vcrs|nco shercho|o|n¸ es pcr
|c¸u|e||ons. |crccn|e¸c shercho|o|n¸ of ¹e|e
Consu||ency Scrv|ccs hes cccn rcoucco from 5O% |o
19.O4%. |o|o|n¸ of Govcrnmcn| eno non-Govcrnmcn|
cn||||cs |s me|n|e|nco e| 5O:5O.
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 |¹|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. ¹hc Compeny hes cccn
|ncorpore|co for |hc purposc of cerry|n¸ on cus|ncss
for ovcrsces ecqu|s|||on eno/ or opcre||on of coe|
m|ncs or c|oc|s/ compen|cs for sccur|n¸ co||n¸ eno
|hcrme| coe| supp||cs. lCv| |s pursu|n¸ coe|
oppor|un|||cs from coun|r|cs |||c /us|re||e, lnooncs|e,
Vozemc|quc, Sou|h /fr|ce eno 0S/. /s on 31.O3.2O11,
|hc pe|o up cep||e| of |hc Compeny |s ` 9.8 crorcs
n) National High Power Test Laboratory Private
Limited (NHPTLPL)
/our Compeny hes formco e !v Compeny on Vey 22,
2OO9 unocr |hc nemc ¨|e||one| ||¸h |ovcr ¹cs|
|ecore|ory |r|ve|c ||m||co' ,|||¹|||) |n essoc|e||on
v||h |||C ||m||co ,|||C), |ovcr Gr|o Corpore||on of
lno|e ||m||co ,|GCl|) eno |emooer ve||cy Corpore||on
,|vC). /|| !v per|ncrs hevc con|r|cu|co |n |hc cqu||y
sherc cep||e| of |hc Compeny. ¹hc Compeny hes cccn
|ncorpore|co for sc|||n¸ up en On-||nc ||¸h |ovcr ¹cs|
|ecore|ory for shor|-c|rcu||s |cs| fec||||y |n |hc Coun|ry.
¹hc pro¦cc| |ces|c||||y |cpor| hes cccn sucm|||co cy
¹cchn|ce| Consu||en|s, CS|l, l|e|y.
/s on 31.O3.2O11, |hc pe|o up cep||e| of |hc Compeny |s
` 1O.5O crorc vh|ch |nc|uocs ` 2.o2 crorc cc|n¸ 25% of
pe|o up cqu||y cep||e| con|r|cu|co cy |¹|C ||o.
35
th
Annual Report 2010-2011 72
o) Energy Ef?ciency Services Pvt. Limited
/ !v compeny hes cccn formco on |cccmccr 1O,
2OO9 unocr |hc nemc ¨|ncr¸y |fnc|cncy Scrv|ccs
||m||co' v||h |ovcr ||nencc Corpore||on ||m||co
,||C), |ovcr¸r|o Corpore||on of lno|e ||m||co ,|GCl|)
eno |ure| ||cc|r|nce||on Corpore||on ||m||co ,||C) |o
cerry on eno promo|c |hc cus|ncss of |ncr¸y |fnc|cncy
eno c||me|c chen¸c |nc|uo|n¸ menufec|urc eno supp|y
of cncr¸y cfnc|cncy scrv|ccs eno proouc|s. |¹|C, ||C,
|GCl| eno ||C ho|o shercs |n |hc cqu||y sherc cep||e|
of |hc Compeny cque||y.
/s on 31.O3.2O11, |hc pe|o up cep||e| of |hc Compeny |s
` 2.5O crorc eno |hc sherc epp||ce||on moncy pcno|n¸
for e||o|mcn| |n |hc Compeny |s ` 97.5O crorc.
p) Transformers and Electricals Kerala Limited (TELK)
ln ||nc v||h |hc bus|ncss Co||ecore||on eno Shercho|ocrs
/¸rccmcn| cxccu|co cc|vccn |¹|C ||m||co,
Govcrnmcn| of |cre|e eno ¹rensformcrs eno ||cc|r|ce|s
|cre|e ||m||co ,¹|||), 44.o% of pe|o-up cep||e| of ¹|||
ves ecqu|rco from Govcrnmcn| of |cre|e e| e |o|e| ve|uc
of ` 31.34 crorc. ¹hc shercs vcrc crco||co |n |¹|C's
|cme| /ccoun| on 19.Oo.2OO9. ¹||| |s cn¸e¸co |n
menufec|ur|n¸ eno rcpe|r of hcevy ou|y |rensformcrs.
|ur|n¸ |hc ycer 2O1O-11, ¹||| prooucco 51o8 Vv/
|rensformcrs. /f|cr e |on¸ spen of 3O ycers, ¹||| pe|o
o|v|ocno © 2O % for |hc ycer 2OO9-1O.
/s on 31.O3.2O11, |hc pe|o-up cep||e| of |hc Compeny
|s ` 42.97 crorc v||h ` 31.34 crorc con|r|cu|co cy
your compeny for ecqu|r|n¸ 44.oO% of |hc pe|o-up
cep||e| of ¹|||.
Particulars FY 2010-11 FY 2009-10
` Crorc
|¹|C's |nvcs|mcn| |n
cqu||y ,|nc|. sherc cep||e| ocpos||)
31.34 31.34
Gross lncomc 2O4.42 2O8.55
|ron| 11.74 29.o8
` |cr Sherc
|ern|n¸s pcr sherc ,bes|c) 2.73 o.91
q) CIL NTPC Urja Private Limited
/ !o|n| vcn|urc Compeny cc|vccn |¹|C ||m||co eno
Coe| lno|e ||m||co ,Cl|) ves |ncorpore|co on /pr|| 27,
2O1O unocr |hc nemc ¨Cl| |¹|C 0r¦e |r|ve|c ||m||co'.
bo|h |¹|C eno Cl| v||| con|r|cu|c cque||y |n |hc cqu||y
sherc cep||e| of |hc Compeny. ¹h|s Compeny hes cccn
formco v||h |hc e|m of unocr|e||n¸ |hc |cvc|opmcn|,
Opcre||on & Ve|n|cnencc of Coe| b|oc|s e| brehm|n|
eno Ch|chro |e|s|me| |n !her|heno eno ln|c¸re|co Coe|
besco |ovcr ||en|,s).
¹hc compeny hes occ|oco |o commcncc cxp|ore||on
of brehm|n| |or|h ,|or|h s|oc of brehm|n| r|vcr) |n nrs|
phesc our|n¸ nrs| quer|cr of 2O11-12. |c|e||co
cxp|ore||on vor| she|| commcncc ef|cr scc||on 4
no||nce||on. ¹hc ¦oc of cxp|ore||on eno prcpere||on of
Gco|o¸|ce| |cpor| hes cccn ess|¸nco |o Ccn|re| V|nc
||enn|n¸ & |cs|¸n lns|||u|c ||m||co.
/s on 31.O3.2O11, |¹|C's sherc cep||e| ocpos||
pcno|n¸ e||o|mcn| |s ` O.O8 crorc.
r) Anushakti Vidhyut Nigam Limited
/ !o|n| vcn|urc Compeny cc|vccn your compeny
eno |uc|cer |ovcr Corpore||on of lno|e ||m||co
,||Cl|) ves |ncorpore|co on !enuery 27, 2O11 unocr
|hc nemc ¨/nushe||| v|ohyu| ||¸em ||m||co'. ||Cl|
eno |¹|C vou|o ho|o 51% eno 49% of |hc cqu||y
sherc cep||e| rcspcc||vc|y. ¹hc Compeny hes cccn
formco for |hc purposc of ocvc|opmcn| of nuc|cer
povcr pro¦cc|s |n |hc coun|ry v||h|n |hc fremcvor| of
/|om|c |ncr¸y /c|, 19o2.
Consolidated Financial Statements of NTPC Ltd, its
Subsidiaries and Joint Venture Companies
¹hc conso||oe|co ||nenc|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 2010-11 FY 2009-10
Gross lncomc oO,OO8.18 51,2O3.5o
|ron| ccforc ¹ex 12,392.33 11,O49.11
|ron| ef|cr ¹ex 9,348.23 8,837.o5
|c| Cesh from opcre||n¸
ec||v|||cs
12,O74.9O 11,948.93
CAUTIONARY STATEMENT
S|e|cmcn|s |n |hc Vene¸cmcn| ||scuss|on eno /ne|ys|s eno
|n |hc ||rcc|ors' |cpor|, ocscr|c|n¸ |hc Compeny's
oc¦cc||vcs, pro¦cc||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', ¨oc¦cc||vc', ¨con|cmp|e|c', ¨pro¦cc|'
eno s|m||er cxprcss|ons or ver|e||ons of such cxprcss|ons,
erc ¨forvero-|oo||n¸' eno pro¸rcss|vc v||h|n |hc mcen|n¸
of epp||cec|c |evs eno rc¸u|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.
|or eno on cche|f of |hc boero of ||rcc|ors
||ecc: |cv |c|h| ,/rup |oy Chouohury)
|e|c: /u¸us| O4, 2O11 Che|rmen & Vene¸|n¸ ||rcc|or
35
th
Annual Report 2010-2011 73
Annex-II to Directors’ Report
REPORT ON CORPORATE GOVERNANCE
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 Corpore|c Grov|h |nc|uo|n¸
e|| |hc |cy erces of Corpore|c Govcrnencc cy comc|n|n¸
ccs| |c¸e| & mene¸cmcn| prec||ccs, c|h|cs, vce||h
crce||on mene¸cmcn| eno forcs|¸h|. |¹|C 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|c|e| ou|rcech.
bcs|ocs eohcr|n¸ |o prov|s|ons of ||s||n¸ /¸rccmcn|, vc
erc e|so fo||ov|n¸ ¸u|oc||ncs on Copore|c Govcrnencc
|ssuco cy |cper|mcn| of |uc||c |n|crpr|scs, Govcrnmcn|
of lno|e.
1.2 CORPORATE GOVERNANCE RECOGNITIONS
ln rcco¸n|||on of cxcc||cncc |n Corpore|c Govcrnencc,
|hc fo||ov|n¸ ecco|eocs hevc cccn confcrrco on |¹|C
|n rcccn| ycers:
,|) '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
,||) 'Go|ocn |cecoc| G|oce| /vero for |xcc||cncc
|n Corpore|c Govcrnencc' cy \or|o Counc|| for
Corpore|c Govcrnencc |n |hc ycers 2OO7 eno
2OO9
,|||) '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
,|v) SCO|| Vcr||or|ous /vero for Gooo Corpore|c
Govcrnencc for |hc ycer 2OO5-Oo.
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 84.5% 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
s|rcn¸|h of our boero she|| no| cc |css |hen four ||rcc|ors
or morc |hen |vcn|y ||rcc|ors. ¹hcsc ||rcc|ors mey cc
c||hcr vho|c-||mc ||rcc|ors or per|-||mc ||rcc|ors. ¹hc
cons|||u||on of |hc boero |s es unocr:
,|) Scvcn func||one| ||rcc|ors |nc|uo|n¸ |hc Che|rmen
& Vene¸|n¸ ||rcc|or,
,||) ¹vo ¸ovcrnmcn| nom|nccs eno
,|||) ||nc |nocpcnocn| o|rcc|ors es pcr |hc
rcqu|rcmcn| of |hc ||s||n¸ /¸rccmcn|.
2.2 Composition
¹hc boero of ||rcc|ors hevc en op||mum comc|ne||on
of cxccu||vc eno non-cxccu||vc ||rcc|ors. /s on 31
s|

Verch 2O11, |hc boero compr|sco c|¸h|ccn ||rcc|ors
ou| of vh|ch scvcn vcrc vho|c-||mc ||rcc|ors
|nc|uo|n¸ |hc Che|rmen & Vene¸|n¸ ||rcc|or. ¹vo
||rcc|ors erc nom|nccs of |hc Govcrnmcn| of lno|e. ¹hc
boero e|so hes n|nc |nocpcnocn| ||rcc|ors vho hevc
cccn eppo|n|co cy |hc Govcrnmcn| of lno|e |hrou¸h
e Scerch Comm|||cc cons|||u|co for |hc purposc. ¹hc
||rcc|ors cr|n¸ |o |hc boero v|oc ren¸c of cxpcr|cncc
eno s||||s.
¹hc ||s||n¸ e¸rccmcn|s v||h s|oc| cxchen¸cs s||pu|e|c
he|f of |hc boero mcmccrs |o cc |nocpcnocn|
o|rcc|ors.
\c erc comp||en| v||h C|eusc 49 ,l/) of |hc ||s||n¸
/¸rccmcn| rc¸ero|n¸ compos|||on of |hc boero of
||rcc|ors.
2.3 Age limit and tenure of Directors
¹hc e¸c ||m|| of |hc Che|rmen & Vene¸|n¸ ||rcc|or eno
o|hcr vho|c-||mc ||rcc|ors |s oO /cers.
¹hc Che|rmen & Vene¸|n¸ ||rcc|or eno o|hcr vho|c
||mc ||rcc|ors erc eppo|n|co for e pcr|oo of nvc ycers
from |hc oe|c of |e||n¸ ovcr |hc cher¸c 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.
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.
35
th
Annual Report 2010-2011 74
2.4 Resume of Directors
¹hc 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 no||cc ce|||n¸ |hc /nnue| Gcncre|
Vcc||n¸.
2.5 Board Meetings
¹hc mcc||n¸s erc convcnco cy ¸|v|n¸ eppropr|e|c
eovencc no||cc ef|cr oc|e|n|n¸ epprove| of |hc
Che|rmen of |hc boero/ Comm|||cc. ¹o eoorcss
spcc|nc ur¸cn| ncco, mcc||n¸s erc e|so cc|n¸ ce||co
e| e shor|cr no||cc. ln cesc of cx|¸cnc|cs or ur¸cncy,
rcso|u||ons erc pessco cy c|rcu|e||on.
|c|e||co e¸cnoe, mene¸cmcn| rcpor|s eno o|hcr
cxp|ene|ory s|e|cmcn|s erc c|rcu|e|co |n eovencc |n
|hc ocnnco e¸cnoe forme| emon¸s| |hc mcmccrs for
fec||||e||n¸ mcen|n¸fu|, |nformco eno focusco occ|s|ons
e| |hc mcc||n¸s. \hcrc || |s no| prec||cec|c |o c|rcu|e|c
eny oocumcn| or |hc e¸cnoe |s of connocn||e| ne|urc,
|hc semc |s |ec|co v||h |hc epprove| of CV|. Scns|||vc
me||crs erc o|scussco e| |hc mcc||n¸ v||hou| vr|||cn
me|cr|e| cc|n¸ c|rcu|e|co.
¹hc mcc||n¸s of |hc boero of ||rcc|ors erc norme||y
hc|o e| |hc Compeny's rc¸|s|crco ofncc |n |cv |c|h|.
S|x|ccn boero Vcc||n¸s vcrc hc|o our|n¸ |hc nnenc|e|
ycer 2O1O-11 on /pr|| 21, /pr|| 3O, Vey 17, !unc 3,
!unc 21, !u|y 2o, /u¸us| 17, /u¸us| 3O, Scp|cmccr
21, Oc|occr 2o, |ovcmccr 12, |cccmccr 7, 2O1O,
!enuery 31, |ccruery 24, Verch 3 eno Verch 23, 2O11.
¹hc mex|mum |n|crve| cc|vccn eny |vo mcc||n¸s our|n¸
|h|s pcr|oo ves 55 oeys. |c|e||s of numccr of boero
mcc||n¸s 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 2O1O-11 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
23.09.10)
Number
of other
Director-
ships held
on 31.03.11
Number of Committee
memberships in
companies on 31.03.11
$
/s Che|rmen /s Vcmccr
Functional Directors
1. Shr| /rup |oy Chouohury
Che|rmen & Vene¸|n¸ ||rcc|or
,v.c.f. O1.O9.2O1O)
8 8 /cs 7 - -
2. Shr| |.S. Sherme
Che|rmen & Vene¸|n¸ ||rcc|or
,up|o 31.O8.2O1O)
8 8 |/* |/* |/* |/*
3. Sh. Chenoen |oy
||rcc|or ,Opcre||ons)
,up|o 31.O7.2O1O)
o 5 |/* |/* |/* |/*
4. Shr| /.|. S|n¸he|
||rcc|or ,||nencc)
1o 1o /cs 8 4 1
5. Shr| |.C. Shr|ves|ev
||rcc|or ,|umen |csourccs)
,up|o 3O.Oo.2O1O)
5 5 |/* |/* |/* |/*
o. Shr| l.!. |epoor
||rcc|or ,Commcrc|e|)
1o 15 /cs o - -
7. Shr| b.|. S|n¸h
||rcc|or ,|ro¦cc|s)
1o 1o /cs 4 1 1
8. Shr| |.|. !e|n
||rcc|or ,¹cchn|ce|)
,from 13.O5.2O1O)
14 13 /cs 5 - 1
9. Shr| S.|. S|n¸h
||rcc|or ,|umen |csourccs)
,from 1o.1O.2O1O)
7 o |/* 4 - 1
1O. Shr| |.|. V|sre
||rcc|or ,Opcre||ons)
,from 19.1O.2O1O)
7 7 |/* o - 3
35
th
Annual Report 2010-2011 75
S.
No.
Directors
Meeting
held during
respective
tenures of
Directors
No. of
Board
Meetings
Attended
Attendance at
the last AGM
(held on
23.09.10)
Number
of other
Director-
ships held
on 31.03.11
Number of Committee
memberships in
companies on 31.03.11
$
Non-executive Directors (Government Nominees)
11. Shr| l.C.|. |csher|
!S ,¹h.), V|n|s|ry of |ovcr
1o 15 /cs 1 - -
12. Shr| |e|csh !e|n
!S&|/, V|n|s|ry of |ovcr
1o 15 /cs 5 2 3
Independent Directors
13. Shr| V.|. buch
|ormcr Sccrc|ery, GOl
1o 15 |o - - -
14. Shr| Shen|| |ere|n
|ormcr Vcmccr, |e||vey
boero
1o 12 /cs 2 - 4
15. Shr| |.|. Scn¸up|e
|ormcr CV|, Coe| lno|e ||o.
1o 1o |o 1 - 1
1o. Shr| |. |hermere¦en
|ormcr |G, ll|¹
1o 11 |o 2 1 -
17. |r. V. Gov|noe |eo
||rcc|or, |l|||
1o 12 /cs 1 1 -
18. Shr| |enve| |e|h
|x |cpu|y, C&/G
1o 1O /cs 1 - 1
19. Shr| /ocsh !e|n
|rcs|ocn|, |ro¦cc|
Vene¸cmcn| /ssoc|e|cs,
Ccn|rc for |xcc||cncc |n
|ro¦cc| Vene¸cmcn|
1o 11 |o 3 - -
2O. Shr| /.|. Senve||e
|x-Gcncre| Vene¸cr,
|or|hces| |ron||cr |e||vey
1o 13 |o - - 1
21. Shr| Sen|osh |eu||ye|
|x-Che|rmen, |e||one|
||¸hvey /u|hor||y of lno|e
1o 1o /cs 4 - 2
*|/ |no|ce|cs |he| conccrnco pcrson ves no| e ||rcc|or on |¹|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:
¹hc boero hes comp|c|c ecccss |o eny |nforme||on
v||h|n |hc Compeny. ¹hc |nforme||on rc¸u|er|y
supp||co |o |hc boero |nc|uocs:
/nnue| opcre||n¸ p|ens eno cuo¸c|s eno eny
upoe|cs.
Cep||e| buo¸c|s eno eny upoe|cs.
|cv|cv of pro¸rcss of on¸o|n¸ pro¦cc|s |nc|uo|n¸
cr|||ce| |ssucs eno erces ncco|n¸ mene¸cmcn|
e||cn||on
/nnue| /ccoun|s, ||rcc|ors' |cpor|, c|c.
Ouer|cr|y nnenc|e| rcsu||s.
V|nu|cs of mcc||n¸s of /uo|| Comm|||cc eno
o|hcr Comm|||ccs of |hc boero.
V|nu|cs of mcc||n¸s of boero of ||rcc|ors of
sucs|o|ery compen|cs.
¹hc |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.
|e|e| or scr|ous ecc|ocn|s, oen¸crous occurrcnccs,
c|c.
Opcre||one| h|¸h||¸h|s eno sucs|en||e| non-
peymcn| for ¸ooos so|o cy |hc Compeny.
35
th
Annual Report 2010-2011 7o
Ve¦or |nvcs|mcn|s, forme||on of sucs|o|er|cs eno
!o|n| vcn|urcs, S|re|c¸|c /|||enccs, c|c.
/vero of |er¸c 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 cxchen¸c cxposurcs.
Ouer|cr|y |cpor| on |orc|¸n ¹revc| of |¹|C
|mp|oyccs.
Ouer|cr|y |cpor| on Shor| ¹crm |cpos||s eno
lnvcs|mcn|s.
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
|¹|C
Ouer|cr|y rcpor| on Comp||encc of ver|ous |evs
/ny s|¸n|ncen| ocvc|opmcn| |n |umen |csourccs/
lnous|r|e| |c|e||ons |||c s|¸n|n¸ of ve¸c e¸rccmcn|,
|mp|cmcn|e||on of vo|un|ery |c||rcmcn| Schcmc,
c|c.
|on-Comp||encc of eny rc¸u|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.
lnforme||on rc|e||n¸ |o me¦or |c¸e| o|spu|cs.
/c||on ¹e|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
¹hc 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 Vene¸cmcn| Con|ro|s.
v) Con|rec|s Suc- Comm|||cc.
v|) |ro¦cc| Suc-Comm|||cc.
v||) lnvcs|mcn|/Con|r|cu||on Suc-Comm|||cc.
v|||) Comm|||cc of |hc boero for e||o|mcn| eno pos|-
e||o|mcn| ec||v|||cs of |¹|C's Sccur|||cs
|x) Comm|||cc of |unc||one| ||rcc|ors for Con|rec|s
3.1 AUDIT COMMITTEE
¹hc 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 mene¸cmcn|, |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 mene¸cmcn|, |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. Chen¸cs, |f eny, |n eccoun||n¸ po||c|cs eno
prec||ccs eno rcesons for |hc semc,
c. Ve¦or eccoun||n¸ cn|r|cs |nvo|v|n¸ cs||me|cs cesco
on |hc cxcrc|sc of ¦uo¸mcn| cy mene¸cmcn|,
o. S|¸n|ncen| eo¦us|mcn|s meoc |n |hc nnenc|e|
s|e|cmcn|s er|s|n¸ ou| of euo|| nno|n¸s,
c. Comp||encc v||h ||s||n¸ eno o|hcr |c¸e|
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 mene¸cmcn|, pcrformencc of
s|e|u|ory eno |n|crne| euo||ors, |hc eocquecy of |n|crne|
con|ro| sys|cms eno su¸¸cs||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|
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hceo|n¸ |hc ocper|mcn|, rcpor||n¸ s|ruc|urc covcre¸c
eno frcqucncy of |n|crne| euo||.
9. ||scuss|on v||h |n|crne| euo||ors eny s|¸n|ncen|
nno|n¸s 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|n¸s of eny |n|crne| |nvcs||¸e||ons
cy |hc |n|crne| euo||ors |n|o me||crs vhcrc |hcrc |s
suspcc|co freuo or |rrc¸u|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. ¹o |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. ¹o 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
spcc|nco ecovc or rcfcrrco |o || cy |hc boero.
1o. ¹o rcv|cv |hc fo||ov up ec||on |e|cn on |hc
rccommcnoe||ons of Comm|||cc on |uc||c
0nocr|e||n¸s ,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 covcre¸c,
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 mene¸cmcn|:
e) ¹hc 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|n¸s eno rccommcnoe||ons of
|hc |nocpcnocn| euo||or eno |n|crne| euo||or,
|o¸c|hcr v||h |hc mene¸cmcn| rcsponscs.
2O. Cons|ocr eno rcv|cv |hc fo||ov|n¸ v||h |hc
mene¸cmcn|, |n|crne| euo||or eno |hc |nocpcnocn|
euo||or:
e) S|¸n|ncen| nno|n¸s 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 mene¸cmcn|, s|e|cmcn| of uscs/
epp||ce||on of funos re|sco |hrou¸h 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¸ e¸cncy 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
¹hc /uo|| Comm|||cc hes cccn cons|||u|co v||h |hc
mcmccrsh|p of:
|) |our |nocpcnocn| ||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 |¹|C
Composition
/s on 31
s|
Verch 2O11, |hc /uo|| Comm|||cc compr|sco
|hc fo||ov|n¸ mcmccrs:-
Shr| |. |hermere¦en lnocpcnocn| ||rcc|or
Shr| |.|. Scn¸up|e lnocpcnocn| ||rcc|or
Shr| Shen|| |ere|n lnocpcnocn| ||rcc|or
Shr| |enve| |e|h 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||n¸s 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||n¸s 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.
¹hc Compeny Sccrc|ery ec|s es |hc Sccrc|ery |o |hc
Comm|||cc.
Meetings and Attendance
Scvcn mcc||n¸s of |hc /uo|| Comm|||cc vcrc hc|o our|n¸
|hc nnenc|e| ycer 2O1O-11 on /pr|| 3O, Vey 17, !u|y 19,
!u|y 2o, Oc|occr 2o, 2O1O, !enuery 19 eno !enuery 31,
2O11.
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¹hc oc|e||s of |hc mcc||n¸s of /uo|| Comm|||cc
e||cnoco cy |hc mcmccrs erc es unocr:-
Members of Audit
Committee
Meetings
held during
his tenure
Meetings
attended
Shr| |. |hermere¦en 7 o
Shr| |. |. Scn¸up|e 7 7
Shr| Shen|| |ere|n 7 5
Shr| |enve| |e|h 7 7
Shr| |e|csh !e|n 7 o
Shr| |. |hermere¦en, lnocpcnocn| ||rcc|or che|rco
e|| |hc mcc||n¸s of /uo|| Comm|||cc hc|o our|n¸ |hc
ycer 2O1O-11 cxccp| onc Vcc||n¸ vh|ch ves che|rco
cy Shr| |.|. Scn¸up|e, lnocpcnocn| ||rcc|or. ln |hc
ecscncc of Shr| |. |hermere¦en, Che|rmen of |hc /uo||
Comm|||cc |n |hc /nnue| Gcncre| Vcc||n¸, |hrcc o|hcr
mcmccrs vcrc prcscn| |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||n¸s 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
¹hc Compeny hes cons|||u|co 'Shercho|ocrs' /
lnvcs|ors' Gr|cvencc Comm|||cc'.
Scope of the Committee
¹h|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 be|encc Shcc|, 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
¹hc 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 |¹|C
||) ||rcc|or ,||nencc), |¹|C eno
|||) ||rcc|or ,||) or ||rcc|or ,¹cchn|ce|), |¹|C
|v) Onc lnocpcnocn| ||rcc|or.
Composition
/s on 31
s|
Verch 2O11, |h|s comm|||cc compr|sco |hc
fo||ov|n¸ ||rcc|ors:
Shr| |e|csh !e|n Govcrnmcn| |om|ncc
Shr| /.|. S|n¸he| ||rcc|or ,||nencc)
Shr| S.|. S|n¸h ||rcc|or ,||)
Shr| /.|. Senve||e lnocpcnocn| ||rcc|or
Meeting and Attendance
¹hrcc mcc||n¸s of |hc Shercho|ocrs' / lnvcs|ors'
Gr|cvencc Comm|||cc vcrc hc|o our|n¸ |hc nnenc|e|
ycer 2O1O-11 on !u|y 19, |ovcmccr 12, 2O1O eno
|ccruery 24, 2O11.
¹hc oc|e||s of |hc mcc||n¸s of Shercho|ocrs'/ lnvcs|ors'
Gr|cvencc Comm|||cc e||cnoco cy |hc mcmccrs erc
es unocr:-
Members of
Shareholders’ / Investors’
Grievance Committee
Meetings
held
Meetings
attended
Shr| |e|csh !e|n 3 3
Shr| /.|. S|n¸he| 3 3
Shr| S.|. S|n¸h
,v.c.f. 1o.1O.2O1O)
2 1
Shr| /.|. Senve||e 3 3
Name and designation of Compliance Of?cer
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 2O11,
Compeny hes e||cnoco ||s |nvcs|or ¸r|cvenccs
cxpco|||ous|y cxccp| for |hc cescs cons|re|nco cy
o|spu|cs or |c¸e| |mpco|mcn|s. ¹hc oc|e||s of |hc
comp|e|n|s rccc|vco, rcso|vco eno o|sposco off
our|n¸ |hc ycer erc es unocr:
Particulars Opening
Balance
Received Resolved Pending
S|bl / S|oc|
|xchen¸c
comp|e|n|s
O 73 o8 5
O|hcr l|O rc|e|co
comp|e|n|s
O o19 o19 O
O|hcr ||v|ocno
rc|e|co
comp|e|n|s
5 88o4 88o2 7
¹o|e| 5 955o 9549 12
lnvcs|or comp|e|n|s shovn pcno|n¸ es on Verch 31,
2O11 hevc cccn e||cnoco sucscqucn||y.
Number of pending share transfers
/s on Verch 31, 2O11, no sherc |rensfcr rcqucs| ves
pcno|n¸. Sherc ¹rensfcrs hevc cccn effcc|co our|n¸
|hc ycer vc|| v||h|n |hc ||mc prcscr|cco cy |hc S|oc|
|xchen¸cs 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| |xchen¸cs.
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Annual Report 2010-2011 79
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 rcmuncre||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 2O11, |hc
Comm|||cc compr|sco |hc fo||ov|n¸ Vcmccrs:
Shr| V.|. buch lnocpcnocn| ||rcc|or
Shr| |.|. Scn¸up|e lnocpcnocn| ||rcc|or
Shr| |enve| |e|h lnocpcnocn| ||rcc|or
Shr| l.C.|. |csher| Govcrnmcn| |om|ncc
Meeting and Attendance
¹vo mcc||n¸s vcrc hc|o our|n¸ |hc ycer on /u¸us| 17
eno Oc|occr o, 2O1O.
¹hc oc|e||s of |hc mcc||n¸s of |cmuncre||on Comm|||cc
e||cnoco cy |hc mcmccrs erc es unocr:-
Members of
Remuneration
Committee
Meetings
held
Meetings
attended
Shr| V.|. buch 2 2
Shr| |.|. Scn¸up|e 2 1
Shr| |enve| |e|h 2 1
Shr| l.C.|. |csher| 2 1
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¸.
¹h|s Comm|||cc, |n|cr e||e, rcv|cvs |hc Vene¸cmcn|
Con|ro| Sys|cms, s|¸n|ncen| ocv|e||ons |n pro¦cc|
|mp|cmcn|e||on eno cons|ruc||on, opcre||on eno
me|n|cnencc cuo¸c|s, c|c.
/s on Verch 31, 2O11, |hc comm|||cc compr|sco |hc
fo||ov|n¸ ||rcc|ors:
Shr| |e|csh !e|n Govcrnmcn| |om|ncc
Shr| /.|. S|n¸he| ||rcc|or ,||nencc)
Shr| |.|. V|sre ||rcc|or ,Opcre||ons)
|r. V. Gov|noe |eo lnocpcnocn| ||rcc|or
/s our Compeny |s o|vcrs|fy|n¸ |n |hc erces |||c hyoro
povcr, coe| m|n|n¸, o|| cxp|ore||on, rcncvec|c
cncr¸y, nuc|cer povcr c|c eno e|so hes |ncrcesco
|ns|e||co cepec||y |o |hc |unc of 3O83O V\, |hc boero
of ||rcc|ors of our Compeny hes rcv|sco |hc scopc
of vor| of Con|rec|s Suc-Comm|||cc, |ro¦cc|s Suc-
Comm|||cc eno hes e|so cons|||u|co e Comm|||cc of
|unc||one| ||rcc|ors for Con|rec|s. ¹hc rcv|sco scopc
of vor| of Con|rec|s Suc-Comm|||cc eno of |ro¦cc|s
Suc-Comm|||cc |s mcn||onco hcrc|ncc|ov. ¹hc scopc
of vor| eno compos|||on of Comm|||cc of |unc||one|
||rcc|ors for Con|rec|s |s e|so mcn||onco c|scvhcrc |n
|h|s |cpor|.
3.5 CONTRACTS SUB-COMMITTEE
/s pcr |hc rcv|sco scopc of vor|, |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/ e¸cncy comm|ss|on cxccco|n¸ ` 5 crorc
cech.
/s on Verch 31, 2O11, |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| /.|. S|n¸he| ||rcc|or ,||nencc)
Shr| b.|. S|n¸h ||rcc|or ,|ro¦cc|s)
Shr| |.|. !e|n ||rcc|or ,¹cchn|ce|)
Shr| |e|csh !e|n Govcrnmcn| |om|ncc
Shr| l.C. |. |csher| Govcrnmcn| |om|ncc
3.6 PROJECT SUB-COMMITTEE
/s pcr |hc rcv|sco scopc of vor|, |hc |ro¦cc| Suc-
Comm|||cc cxem|ncs eno me|cs rccommcnoe||ons
|o |hc boero on propose|s for lnvcs|mcn| |n |cv/
|xpens|on |ro¦cc|s eno |ces|c||||y |cpor|s of ncv
pro¦cc|s. /s on 31
s|
Verch 2O11, |hc Comm|||cc
compr|sco |hc fo||ov|n¸ mcmccrs:
Shr| /rup |oy
Chouohury
Che|rmen & Vene¸|n¸
||rcc|or
Shr| /.|. S|n¸he| ||rcc|or ,||nencc)
Shr| l.!. |epoor ||rcc|or ,Commcrc|e|)
Shr| b.|. S|n¸h ||rcc|or ,|ro¦cc|s)
Shr| |.|. !e|n ||rcc|or ,¹cchn|ce|)
Shr| |.|. V|sre ||rcc|or ,Opcre||ons)
Shr| |e|csh !e|n Govcrnmcn| |om|ncc
Shr| l.C.|. |csher| Govcrnmcn| |om|ncc
Shr| V.|. buch lnocpcnocn| ||rcc|or
Shr| /ocsh !e|n lnocpcnocn| ||rcc|or
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Annual Report 2010-2011 8O
3.7 INVESTMENT/CONTRIBUTION COMMITTEE
¹hc |crms of rcfcrcncc of lnvcs|mcn|/Con|r|cu||on
Comm|||cc of |hc boero |s for 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 oc¦cc| 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 suc¦cc| |o mex|mum
||m|| of ` 1 crorc |n e ycer.
/s on 31
s|
Verch 2O11, |hc Comm|||cc compr|sco |hc
fo||ov|n¸ Vcmccrs:
Shr| /rup |oy Chouohury Che|rmen & Vene¸|n¸
||rcc|or
Shr| /.|. S|n¸he| ||rcc|or ,||nencc)
Shr| |.|. V|sre ||rcc|or ,Opcre||ons)
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¸.
3.8 COMMITTEE FOR ALLOTMENT AND POST-
ALLOTMENT ACTIVITIES OF NTPC’S SECURITIES
¹hc Comm|||cc hes cccn cons|||u|co for /||o|mcn|
eno |os|-e||o|mcn| ec||v|||cs of Compeny's Sccur|||cs.
¹hc 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 |¹|C's oomcs||c eno forc|¸n
Sccur|||cs.
/s on 31
s|
Verch 2O11, |hc Comm|||cc compr|sco |hc
fo||ov|n¸ Vcmccrs:
Shr| /.|. S|n¸he| ||rcc|or,||nencc)
Shr| S.|. S|n¸h ||rcc|or ,||)
Shr| |.|. V|sre ||rcc|or ,Opcre||ons)
3.9 COMMITTEE OF FUNCTIONAL DIRECTORS FOR
CONTRACTS
¹h|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 2O11, |hc Comm|||cc compr|sco
e|| |hc |unc||one| ||rcc|ors |nc|uo|n¸ |hc Che|rmen &
Vene¸|n¸ ||rcc|or es unocr:
Shr| /rup |oy
Chouohury
Che|rmen & Vene¸|n¸ ||rcc|or
Shr| /.|. S|n¸he| ||rcc|or ,||nencc)
Shr| l.!. |epoor ||rcc|or ,Commcrc|e|)
Shr| b.|. S|n¸h ||rcc|or ,|ro¦cc|s)
Shr| |.|. !e|n ||rcc|or ,¹cchn|ce|)
Shr| S.|. S|n¸h ||rcc|or ,||)
Shr| |.|. V|sre ||rcc|or ,Opcre||ons)
¹hc Che|rmen & Vene¸|n¸ ||rcc|or, ||rcc|or ,||nencc),
||rcc|or ,¹cchn|ce|) eno ||rcc|or ,|ro¦cc|s) for
con|rec|s rc|e|co |o cons|ruc||on pro¦cc|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.
4. GROUP OF DIRECTORS
/per| from Comm|||ccs es cxp|e|nco ecovc, |hc
boero hes cons|||u|co e numccr of Group of ||rcc|ors
for spcc|nc purposcs. ¹hc scopc of vor| of ver|ous
Group of ||rcc|ors eno ||s Cons|||u||on es cx|s|co on
31.O3.2O11 |s es unocr:
(i) Group of Directors for Corporate Social
Responsibility: ¹h|s Group of ||rcc|ors hes cccn
cons|||u|co |o hevc e c|oscr |oo| |n|o ver|ous rc|e|co
|ssucs eno prcperc e roeomep for opcre||n¸ |hc
schcmc for Corpore|c Soc|e| |cspons|c||||y of |¹|C.
¹h|s Group of ||rcc|ors compr|scs |hc fo||ov|n¸
mcmccrs:
Shr| /rup |oy Chouohury Che|rmen & Vene¸|n¸
||rcc|or
Shr| /.|. S|n¸he| ||rcc|or ,||nencc)
Shr| S.|. S|n¸h ||rcc|or ,||)
Shr| Sen|osh |eu||ye| lnocpcnocn| ||rcc|or
(ii) Group of Directors for Vigilance Matters and Non-
Vigilance Matters: ¹vo Group of ||rcc|ors hevc 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. ¹hc Ch|cf v|¸||encc
Ofnccr of |¹|C |s cc|n¸ essoc|e|co v||h |hc Group of
||rcc|ors for v|¸||encc Ve||crs. ¹hc Group of ||rcc|ors
for v|¸||encc Ve||crs compr|sco |hc fo||ov|n¸
mcmccrs:
Shr| /rup |oy
Chouohury
Che|rmen & Vene¸|n¸ ||rcc|or
Shr| l.C.|. |csher| Govcrnmcn| |om|ncc
Shr| S.|. S|n¸h ||rcc|or ,||)
Shr| |enve| |e|h lnocpcnocn| ||rcc|or
35
th
Annual Report 2010-2011 81
¹hc Group of ||rcc|ors for non-v|¸||encc me||crs
compr|sco |hc fo||ov|n¸ mcmccrs:
Shr| /rup |oy
Chouohury
Che|rmen & Vene¸|n¸ ||rcc|or
Shr| l.C.|. |csher| Govcrnmcn| |om|ncc
Shr| S.|. S|n¸h ||rcc|or ,||)
Shr| |.|. V|sre ||rcc|or ,Opcre||ons)
Shr| /ocsh !e|n lnocpcnocn| ||rcc|or
(iii) Group of Directors for implementation of DPE
Guidelines pertaining to Revision of Pay Scales:
¹h|s Group of ||rcc|ors hes cccn cons|||u|co |o vor|
ou| |hc oc|e||s v||h rc¸ero |o |mp|cmcn|e||on of ver|ous
prov|s|ons es pcr ||| ¸u|oc||ncs pcr|e|n|n¸ |o rcv|s|on
of pey sce|cs. ¹h|s Group of ||rcc|ors compr|sco |hc
fo||ov|n¸ mcmccrs:
Shr| /rup |oy
Chouohury
Che|rmen & Vene¸|n¸ ||rcc|or
Shr| /.|. S|n¸he| ||rcc|or ,||nencc)
Shr| S.|. S|n¸h ||rcc|or ,||)
Shr| |.|. V|sre ||rcc|or ,Opcre||ons)
Shr| V.|. buch lnocpcnocn| ||rcc|or
Shr| |enve| |e|h lnocpcnocn| ||rcc|or
Shr| l.C.|. |csher| Govcrnmcn| |om|ncc
Shr| |e|csh !e|n Govcrnmcn| |om|ncc
(iv) Group of Directors for Import of Coal: ¹h|s
Group of ||rcc|ors hes cccn cons|||u|co |o epprovc
|hc rccommcnoe||ons of |xccu||vc ||rcc|ors |cvc|
Comm|||cc eu|hor|zco |o ho|o o|scuss|ons v||h |hc
prospcc||vc |S0 c|oocrs v|z. S¹C, VV¹C eno Cl| |n
e prc-c|o confcrcncc |o cxp|orc ,e) ver|ous op||ons/
c|oo|n¸ s|re|c¸|cs |o cc eoop|co cy |hcm cy vh|ch
|hcy cen cnsurc mex|m|ze||on of compc||||on emon¸s|
|hc coe| supp||crs eno ,c) pr|c|n¸ mc|hooo|o¸y.
¹h|s Group of ||rcc|ors 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| /.|. S|n¸he| ||rcc|or ,||nencc)
Shr| |enve| |e|h lnocpcnocn| ||rcc|or
Shr| /.|. Senve||e lnocpcnocn| ||rcc|or
(v) Group of Directors for appointment of Financial
Consultant for carrying out due diligence of Coal
Mines/ Blocks: ¹h|s Group of ||rcc|ors hes cccn
cons|||u|co |o epprovc eppo|n|mcn| of nnenc|e|
consu||en| for cerry|n¸ ou| ouc o|||¸cncc of coe| m|ncs/
c|oc|s ecroeo on offcr for ecqu|s|||on of s|e|c. ¹h|s
Group of ||rcc|ors compr|sc |hc fo||ov|n¸ mcmccrs:
Shr| /rup |oy
Chouohury
Che|rmen & Vene¸|n¸ ||rcc|or
Shr| |.|. V|sre ||rcc|or ,Opcre||ons)
Shr| /.|. S|n¸he| ||rcc|or ,||nencc)
Shr| |.|. !e|n ||rcc|or ,¹cchn|ce|)
(vi) Group of Directors for Examination of proposal
for Mine Developer cum Operator: ¹h|s Group of
||rcc|ors heo cccn cons|||u|co |o cxem|nc |hc evero
propose| for sc|cc||n¸ V|n|n¸ |cvc|opcr cum Opcre|or
for ocvc|opmcn| eno opcre||on of |e|r| berveo|h Coe|
V|n|n¸ b|oc|. ¹h|s Group of ||rcc|ors compr|sco |hc
fo||ov|n¸ mcmccrs:
Shr| |.|. Scn¸up|e lnocpcnocn| ||rcc|or
Shr| |. |hermere¦en lnocpcnocn| ||rcc|or
Shr| /.|. Senve||e lnocpcnocn| ||rcc|or
Shr| b.|. S|n¸h ||rcc|or ,|ro¦cc|s)
0pon sc|cc||on of ¹h|css V|nccs lno|e |r|ve|c ||m||co
es V|nc |cvc|opcr cum Opcre|or for |e|r| berveo|h
Coe| V|n|n¸ |ro¦cc|, |hc Group of ||rcc|ors hes ccesco
|o cx|s|.
5. 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 eno s||||n¸ fcc peyec|c |o |hc lnocpcnocn|
||rcc|ors |s occ|oco cy |hc Govcrnmcn| of lno|e. ¹hc
V|n|s|ry of |ovcr, Govcrnmcn| of lno|e hes eu|hor|zco
|hc boero of ||rcc|ors of |hc Compeny |o oc|crm|nc
|hc s||||n¸ fcc peyec|c |o lnocpcnocn| ||rcc|ors
v||h|n |hc cc|||n¸ prcscr|cco unocr |hc Compen|cs
/c|, 195o. /ccoro|n¸|y, |hc boero occ|ocs |hc s||||n¸
fcc peyec|c |o |hc lnocpcnocn| ||rcc|ors. |rcscn||y,
s||||n¸ fcc of ` 15,OOO/- for cech mcc||n¸ of |hc boero,
Comm|||ccs of |hc boero eno Group of ||rcc|ors
cons|||u|co cy |hc boero from ||mc |o ||mc, |s cc|n¸
pe|o |o cech lnocpcnocn| ||rcc|or.
|c|e||s of rcmuncre||on of func||one| ||rcc|ors of |hc
Compeny pe|o for |hc nnenc|e| ycer 2O1O-11:-
35
th
Annual Report 2010-2011 82
,|n `)
Name of the Director Salary Bene?ts Bonus/
Commission
Performance
Linked
Incentives
Total
Shr| /rup |oy Chouohury
,v.c.f. O1.O9.2O1O)
854,4o3 3,99,58O - 31,948 12,85,991
Shr| |.S. Sherme
,up|o 31.O8.2O1O)
23,73,727 13,8o,187 - 1,147,ooo 49,O7,58O
Shr| Chenoen |oy
,up|o 31.O7.2O1O)
19,82,585 13,11,154 - 8,33,O72 41,2o,811
Shr| /.|. S|n¸he| 21,87,547 8,55,71O - 8,9O,OO5 39,33,2o2
Shr| |.C. Shr|ves|ev
,up|o 3O.Oo.2O1O)
23,42,O51 13,o4,483 - 8,33,O2O 45,39,554
Shr| l.!. |epoor 19,94,9O3 7,35,378 - 8,41,9o2 35,72,243
Shr| b.|. S|n¸h 19,o4,54O 7,O3,494 - 7,29,933 33,97,9o7
Shr| |.|. !e|n
,v.c.f. 13.O5.2O1O)
17,71,121 o,78,58o - 4,O9,54O 28,59,247
Shr| S.|. S|n¸h
,v.c.f. 1o.1O.2O1O)
7,32,o84 3,18,855 - 4O,393 1O,91,932
Shr| |.|. V|sre
,v.c.f. 19.1O.2O1O)
7,24,1O3 3,O7,845 - 39,223 1O,71,171
,Gol) |n |hc cc¸|nn|n¸ of |hc ycer sc|||n¸ |hc |er¸c|s
|n nnenc|e| eno non nnenc|e| erces v||h vc|¸h|e¸cs
occ|oco |n consu||e||on v||h Gol. ¹hc pcrformencc of
|hc Compeny |s mcesurco e| |hc cno of |hc ycer v|s-e-
v|s |hcsc |er¸c|s.
¹hc pcrformencc v||h rc¸ero |o VO0 |s rcv|cvco
rc¸u|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 |hrou¸h
Ouer|cr|y |crformencc |cv|cv ,O||). S||ppe¸cs, |f
eny, erc |ocn||nco eno ncccssery rcmco|e| ec||ons erc
su¸¸cs|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
|cper|mcn| of |uc||c |n|crpr|scs ¹es| |orcc on |hc
ces|s of ec|ue| ech|cvcmcn| es pcr s|¸nco Vo0.
¹o cnsurc |er¸c|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 |er¸c|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. ¹hc cn||rc proccss cnsurcs
|renspercncy es vc|| es eccoun|ec||||y |overos
s|e|cho|ocrs.
7. RISK MANAGEMENT
/s e o|vcrs|nco cn|crpr|sc, your Compeny hes
e|veys heo e sys|cm-cesco epproech |o cus|ncss
|crformencc ||n|co |nccn||vcs pe|o |s cesco on |hc
|nccn||vc schcmc of |hc compeny.
|c|e||s of peymcn|s |overos s||||n¸ fcc |o lnocpcnocn|
||rcc|ors our|n¸ |hc ycer 2O1O-11 erc ¸|vcn cc|ov:
,|n `)
Name of Part-
time non-of?cial
Directors
Sitting Fees Total
Board
Meeting
Committee
/ Group of
Directors
Meeting
Shr| V.|. buch 2,25,OOO 1,o5,OOO 3,9O,OOO
Shr| Shen|| |ere|n 1,8O,OOO 75,OOO 2,55,OOO
Shr| |.|. Scn¸up|e 2,4O,OOO 2,1O,OOO 4,5O,OOO
Shr| |. |hermere¦en 1,o5,OOO 1,8O,OOO 3,45,OOO
|r. V. Gov|noe |eo 1,8O,OOO 15,OOO 1,95,OOO
Shr| |enve| |e|h 1,5O,OOO 1,o5,OOO 3,15,OOO
Shr| /ocsh !e|n 1,o5,OOO 3O,OOO 1,95,OOO
Shr| /.|. Senve||e 1,95,OOO 1,O5,OOO 3,OO,OOO
Shr| Sen|osh |eu||ye| 2,4O,OOO 9O,OOO 3,3O,OOO
6. 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
35
th
Annual Report 2010-2011 83
r|s| mene¸cmcn| es en |n|c¸re| per| of ||s cus|ncss
proccsscs. ln orocr |o s|rcn¸|hcn |hc semc,
|n|crpr|sc-v|oc ||s| Vene¸cmcn| |remcvor| ves
ocv|sco cy |hc Consu||en| eppo|n|co cy |¹|C.
¹hc oc¦cc||vc of |hc |n|crpr|sc ||s| Vene¸cmcn|
|s |o |ocn||fy eno mene¸c r|s|s for sus|e|nec|c
ve|uc crce||on, esscssmcn| of |cy cus|ncss r|s|s
|hrou¸h 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.
¹hc ||s| Vene¸cmcn| |remcvor| |nvo|vcs ||s|
Op||m|ze||on, ||s| S|re|c¸y, ||s| |cpor||n¸ S|ruc|urc,
||s| Vcesurcmcn| & Von||or|n¸ eno ||s| |or|fo||o.
/ comm|||cc, nemc|y |n|crpr|sc ||s| Vene¸cmcn|
Comm|||cc ,||VC), cons|s||n¸ of |c¸|one| |xccu||vc
||rcc|ors ,||s| |cpor|crs), C|Os of sucs|o|er|cs eno
!vs eno |unc||one| |ceos e| |xccu||vc ||rcc|or
|cvc|s ,||s| Ovncrs) 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|sc mc|hoos for m|||¸e||on
of r|s|s.
/ quer|cr|y mcc||n¸ of ||VC |s cc|n¸ hc|o vhcrc
||s| Ovncrs rcpor| |o ||VC cesco on |hc rcpor|s
cy ||s| |cpor|crs of r|s|s eno ec||on p|ens rccc|vco
from pro¦cc|s, s|e||ons, corpore|c func||ons eno
sucs|o|er|cs. ||VC cvo|vcs ec||on p|ens for cffcc||vc
r|s| m|||¸e||on, vh|ch |n |urn, rcpor|s |o |hc boero
ecou| |hc r|s|s for ||s ovcrscc|n¸ eno epprove| of r|s|
mene¸cmcn| s|re|c¸|cs eno po||c|cs.
¹hrcc mcc||n¸s of |n|crpr|sc ||s| Vene¸cmcn|
Comm|||cc vcrc hc|o our|n¸ |hc ||nenc|e|
/cer 2O1O-11.
8. SUBSIDIARY MONITORING FRAMEWORK
¹hc Compeny hes nvc sucs|o|ery compen|cs, |hc ||s| of
vh|ch |s ¸|vcn |n |hc ||rcc|ors' |cpor|. /|| sucs|o|er|cs
of |hc Compeny erc boero mene¸co v||h |hc|r boeros
hev|n¸ |hc r|¸h|s eno oc||¸e||ons |o mene¸c such
compen|cs |n |hc ccs| |n|crcs| of |hc s|e|cho|ocrs.
/s e me¦or||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 es unocr:
,|) V|nu|cs of |hc mcc||n¸s 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
erren¸cmcn|s cn|crco |n|o cy |hc sucs|o|ery
compen|cs erc e|so rcv|cvco cy |hc Compeny.
,|||) Sucs|o|ery Compen|cs s|¸n en ennue|
Vcmorenoum of 0nocrs|eno|n¸ v||h |¹|C |n
|hc cc¸|nn|n¸ of |hc ycer sc|||n¸ |hc |er¸c|s |n
nnenc|e| eno non-nnenc|e| erces v||h vc|¸h|e¸cs
|n consu||e||on v||h |¹|C.
,|v) ¹hc buo¸c| of |hc sucs|o|ery compen|cs erc cc|n¸
epprovco cy |hc Comm|||cc on Vene¸cmcn|
Con|ro| of |¹|C.
,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 |¹|C.
¹hc 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|.
9. GENERAL BODY MEETINGS
Annual General Meeting
|e|c, ||mc eno |oce||on vhcrc |hc |es| |hrcc /nnue|
Gcncre| Vcc||n¸s vcrc hc|o erc es unocr:
Date &
Time
September
17, 2008
September
17, 2009
September
23, 2010
¹|mc 11.3O /.V. 11.OO /.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
lncrcesc |n
borrov|n¸
|ovcrs of |hc
boero up|o
`1,OO,OOO
crorc eno
eu|hor||y |o
|hc boero for
mor|¸e¸|n¸
|hc essc|s of
|hc compeny.
/mcnomcn|s
|n /r||c|cs of
/ssoc|e||on
rc¸ero|n¸
euo|| of
eccoun|s eno
eppo|n|mcn|
of euo||ors.
-
Special Resolution passed through Postal Ballot
|o |cso|u||on hes cccn pessco |hrou¸h |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¸.
35
th
Annual Report 2010-2011 84
10. DISCLOSURES
¹hc |rensec||ons v||h rc|e|co per||cs con|e|n ,|)
peymcn| |o compen|cs unocr !o|n| vcn|urc /¸rccmcn|
eno on eccoun| of con|rec|s for vor|s/ scrv|ccs, ,||)
rcmuncre||on |o |cy mene¸cmcn| pcrsonnc| eno
,|||) cqu||y con|r|cu||on, vh|ch erc no| |n ne|urc of
po|cn||e| conn|c|s v||h |n|crcs| of |hc compeny
e| |er¸c. |c|e||s of rc|e|co per|y |rensec||ons erc
|nc|uoco |n |hc |o|cs |o |hc /ccoun|s ,Schcou|c 2o)
es pcr /ccoun||n¸ S|enoero ,/S) -18 |n Compen|cs
,/ccoun||n¸ S|enoeros) |u|cs, 2OOo.
¹hc Compeny hes comp||co v||h e|| |hc rcqu|rcmcn|s
of |hc ||s||n¸ /¸rccmcn| v||h S|oc| |xchen¸cs es vc||
es |c¸u|e||ons eno Gu|oc||ncs prcscr|cco cy S|bl. ¹hc
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.
¹hcrc 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.
¹hc Compeny hes eoop|co e|| su¸¸cs|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
Directives during the last three years is at
Annex-2
CEO/CFO Certi?cation
/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|n¸he|,
||rcc|or ,||nencc) ves p|ecco ccforc |hc boero of
||rcc|ors e| |hc mcc||n¸ hc|o on 1O.O5.2O11 eno |s
enncxco |o |hc Corpore|c Govcrnencc |cpor|.
11. MEANS OF COMMUNICATION
¹hc Compeny commun|ce|cs v||h ||s shercho|ocrs
|hrou¸h ||s /nnue| |cpor|, Gcncre| Vcc||n¸s eno
o|sc|osurcs |hrou¸h vcc s||c.
¹hc Compeny e|so commun|ce|cs v||h ||s |ns|||u||one|
shercho|ocrs |hrou¸h 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 erc hc|o our|n¸ |hc mon|h of
/u¸us| 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 rc¸u|er|y ef|cr |hc c|osc of
cech quer|cr.
lnforme||on eno |e|cs| upoe|cs eno ennounccmcn|
rc¸ero|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 •
¹renscr|p|s of confcrcnccs v||h ene|ys|s •
Corpore|c o|sc|osurcs meoc from ||mc |o ||mc |o •
S|oc| |xchen¸cs
||sc|osurcs meoc |o s|oc| cxchen¸cs erc e|so meoc
|hrou¸h Corpore|c ||||n¸ & ||scmm|ne||on Sys|cm
,C||S) |n |crms of C|eusc 52 of |hc ||s||n¸ /¸rccmcn|.
Quarterly Results
Newspapers Date of publication of results
for the quarter ended
30.06.2010 30.09.2010 31.12.2010
||nenc|e| |xprcss 27.O7.2O1O - O1.O2.2O11
!ense||e ,||no|) 27.O7.2O1O - O1.O2.2O11
||nous|en ,||no|) 27.O7.2O1O 27.1O.2O1O O1.O2.2O11
|evchere| ¹|mcs
,||no|)
27.O7.2O1O - O1.O2.2O11
bus|ncss S|enoero - - O1.O2.2O11
||nous|en ¹|mcs - 27.1O.2O1O O1.O2.2O11
|conom|c ¹|mcs 27.O7.2O1O 27.1O.2O1O O1.O2.2O11
||nenc|e| Chron|c|c 27.O7.2O1O - -
¹hc ||nou 27.O7.2O1O - O1.O2.2O11
V|n| - - O1.O2.2O11
Of?cial Releases and Presentations
¹hc Compeny's ofnc|e| ncvs rc|cescs, o|hcr prcss
covcre¸c, prcscn|e||ons meoc |o |ns|||u||one| |nvcs|ors
or |o |hc ene|ys|s erc e|so hos|co on |hc vccs||c.
ln orocr |o me|c |hc ¸cncre| puc||c everc of |hc
ech|cvcmcn|s of |hc compeny, e prcss confcrcncc
|s hc|o ef|cr |hc c|osc of |hc nnenc|e| ycer vhcrc |hc
h|¸h||¸h|s of |hc compeny for |hc ycer erc cr|cfco
|o |hc |rcss for |nforme||on of |hc s|e|cho|ocrs v||h
|n||me||on |o |hc S|oc| |xchen¸cs.
12. CODE OF CONDUCT
¹hc boero of ||rcc|ors hes |e|o oovn scpere|c Cooc
of Conouc| - onc for boero Vcmccrs eno |hc o|hcr
35
th
Annual Report 2010-2011 85
for Scn|or Vene¸cmcn| |crsonnc| |n e||¸nmcn| v||h
Compeny's v|s|on eno ve|ucs |o ech|cvc |hc V|ss|on
& Oc¦cc||vcs eno e|ms 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 Vene¸cmcn|
|crsonnc| hevc efnrmco comp||encc of |hc Cooc of
Conouc| for |hc nnenc|e| ycer cnoco on Verch 31, 2O11.
|cv |c|h|
Vey Oo, 2O11
,/rup |oy Chouohury)
Che|rmen & Vene¸|n¸ ||rcc|or
13. Code of Internal Procedures and Conduct for
Prevention of Insider Trading
ln pursuencc of |hc Sccur|||cs |xchen¸c boero of lno|e
,|roh|c|||on of lns|ocr ¹reo|n¸) |c¸u|e||ons, 1992, |hc
boero hes |e|o oovn “Code of Internal Procedures
and Conduct for Prevention of Insider Trading”
v||h |hc oc¦cc||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 ,Ofnccrs, |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 ¹reo|n¸
\|noov. ¹o oce| |n Sccur|||cs ccyono ||m||s spcc|nco,
pcrm|ss|on of Comp||encc Ofnccr |s rcqu|rco. /||
||rcc|ors/Ofnccrs/|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| |xchen¸cs, vhcrcvcr ncccssery. Compeny
Sccrc|ery hes cccn ocs|¸ne|co es Comp||encc Ofnccr
for |h|s Cooc.
14. SHAREHOLDERS’ INFORMATION
i) Annual General Meeting
|e|c : Scp|cmccr 2O, 2O11
¹|mc : 1O.3O e.m.
vcnuc : /|r |orcc /uo||or|um, Sucro|o |er|,
|cv |c|h| ÷ 11O O1O
ii) Financial Calendar for FY 2011-12
Particulars Date
/ccoun||n¸ |cr|oo /pr|| 1, 2O11 |o Verch 31, 2O12
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 31,
2O12
/GV ,|cx| ycer) Scp|cmccr 2O12 ,¹cn|e||vc)
iii) Book Closure
¹hc |c¸|s|cr of Vcmccrs eno Sherc ¹rensfcr boo|s of
|hc Compeny v||| rcme|n c|osco from Scp|cmccr 1O,
2O11 |o Scp|cmccr 2O, 2O11 ,co|h oeys |nc|us|vc).
iv) Payment of Dividend
¹hc boero of ||rcc|ors of |hc Compeny hes
rccommcnoco peymcn| of e nne| ||v|ocno of ` O.8
pcr sherc ,8% on |hc pe|o-up sherc cep||e|) for |hc
nnenc|e| ycer cnoco Verch 31, 2O11 |n eoo|||on |o |hc
ln|cr|m ||v|ocno of ` 3.O pcr sherc ,3O% on |hc pe|o-
up sherc cep||e|) pe|o on |ccruery 14, 2O11 ,||v|ocno
pe|o |n |rcv|ous /cer |s ` 3133.28 Crorc).
¹hc rccoro oe|c for |hc peymcn| of ||v|ocno |s
Scp|cmccr O9, 2O11.
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
2OO5-Oo 8245.4o 23O8.73 3O.O1.2OOo*
19.O9.2OOo
27.O2.2OOo
23.O9.2OOo
2OOo-O7 8245.4o 2o38.55 31.O1.2OO7*
12.O9.2OO7
14.O2.2OO7
25.O9.2OO7
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 2473.o4
#
31.O1.2O11* 14.O2.2O11
* |e|c of boero Vcc||n¸
# emoun| rcprcscn|s |hc |n|cr|m o|v|ocno pe|o for |hc ycer 2O1O-11
35
th
Annual Report 2010-2011 8o
vi) Listing on Stock Exchanges
|¹|C cqu||y shercs erc ||s|co on |hc fo||ov|n¸ S|oc|
|xchen¸cs:
National Stock Exchange
of India Limited
Scr|p Cooc: |¹|C |O
Bombay Stock
Exchange Limited
Scr|p Cooc: 532555
Stock Code : ISIN – INE733E01010
vii) Market Price Data – NSE
Month High
(`)
Low
(`)
Closing
(`)
/pr||' 1O 212.55 2O2.9O 2O7.55
Vey' 1O 2O8.45 19O.1O 2O2.3O
!unc' 1O 2O4.9O 194.1O 199.oO
!u|y' 1O 2OO 197.3O 198.75
/u¸us|' 1O 2O1.OO 192.2O 195.95
Scp|' 1O 221.2O 19O.1O 21o.95
Oc|occr' 1O 222.3O 192.3O 195.3O
|ov' 1O 198.1O 175.35 184.OO
|cc' 1O 2O3.8O 182.OO 2O5
!enuery' 11 2O3.2O 185.OO 189.O5
|ccruery' 11 19O.75 1o8.3O 1o9.85
Verch' 11 195.OO 17O.7O 193.1O
viii) Market Price Data – BSE
Month High
(`)
Low
(`)
Closing
(`)
/pr||' 1O 212.2O 2O1.5O 2Oo.95
Vey' 1O 2O8.5O 19O.4O 2O2.OO
!unc' 1O 2O3.9O 194.OO 199.15
!u|y' 1O 2O5.8O 197.3O 198.oO
/u¸us|' 1O 2OO.5O 192.9O 195.75
Scp|' 1O 221.OO 195.1O 21o.9O
Oc|occr' 1O 222.2O 193.9O 194.95
|ov' 1O 197.45 175.2O 184.25
|cc' 1O 2O2.95 182.O5 2OO
!enuery' 11 2O3.15 185.OO 188.9O
|ccruery' 11 19O.OO 1o8.oO 17O.O5
Verch' 11 194.9O 171.O5 193.OO
ix) Performance in comparison to indices
BSE Sensex and NTPC Share Price
besc=1OO es on O1.O4.1O
NSE NIFTY and NTPC Share Price
besc=1OO es on O1.O4.1O
x) Registrar and Share Transfer Agent
|ervy Compu|crsherc |v|. ||o
||o| |o.17 |o 24,
v|||he|reo |e¸er
Veohepur
|yocreceo-5OOO81
¹c| |o.: 91 4O 2342O818
|ex |o.: 91 4O 2342O814
|-me||: me||mene¸cr©|ervy.com
xi) Share Transfer System
|n||rc sherc |rensfcr ec||v|||cs unocr phys|ce| sc¸mcn|
erc cc|n¸ cerr|co ou| cy |ervy Compu|crsherc
|r|ve|c ||m||co. ¹hc 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 |¹|C's
Sccur|||cs.
35
th
Annual Report 2010-2011 87
|ursuen| |o c|eusc 47-C of |hc ||s||n¸ /¸rccmcn|
v||h S|oc| |xchen¸cs, 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| |xchen¸c
v||h|n s||pu|e|co ||mc.
xii) Distribution of Shareholding
Shercs hc|o cy o|ffcrcn| ce|c¸or|cs of shercho|ocrs
eno eccoro|n¸ |o |hc s|zc of ho|o|n¸s es on 31
s|
Verch
2O11 erc ¸|vcn cc|ov:
According to Size
Distribution of shareholding according to size, % a.
of holding as on March 31, 2011:
Number of
shares
Number of
shareholders
% of share-
holders
Total No. of
shares
% of
shares
1-5OOO 8,3O,118 99.71 15,87,22,893 1.92
5OO1-1OOOO 1,131 O.14 8O,94,4o1 O.1O
1OOO1-2OOOO 4o8 O.Oo oo,84,33o O.O8
2OOO1-3OOOO 1oO O.O2 39,82,821 O.O5
3OOO1-4OOOO 8o O.OO 3O,12,724 O.O4
4OOO1-5OOOO 72 O.OO 32,o3,51O O.O4
5OOO1-1OOOOO 127 O.O2 92,1O,374 O.11
1OOOO1 eno
ecovc
379 O.O5 8,O5,24,93,281 97.oo
¹o|e| 8,32,541 1OO 8,24,54,o4,4OO 1OO
Shareholding pattern as on March 31, 2011 b.
Category Total no. of
shares
% to
Equity
GOl o,9o,73,o1,18O 84.5O
|lls 29,12,15,o34 3.53
lno|en |uc||c 1o,82,87,oO4 2.O4
ben|s & |l 5o,99,o8,125 o.92
|r|ve|c Corp. boo|cs 12,2O,88,117 1.48
Vu|ue| |unos 11,54,21,458 1.4O
||l / OCbs 42,o5,o8o O.O5
O|hcrs o8,5o,59o O.O8
¹o|e| 8,24,54,o4,4OO 1OO.OO
Major Shareholders c.
|c|e||s of Shercho|ocrs ho|o|n¸ morc |hen 1% of |hc
pe|o-up cep||e| of |hc Compeny es on Verch 31, 2O11
erc ¸|vcn cc|ov:
Name of
Shareholder
No. of
Shares
% to
Paid-up
Capital
Category
Govcrnmcn|
of lno|e
o9o73o118O 84.5O Govcrnmcn|
||fc lnsurencc
Corpore||on
of lno|e
2938OO741 3.5o l|l
xiii) Dematerialisation of Shares and Liquidity
¹hc shercs of |hc Compeny erc |n compu|sory
ocme|cr|e|sco sc¸mcn| 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 rcconc|||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|
|xchen¸c 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|
4,Oo,95,429 O.49
|c|o |n
ocme|cr|e||zco
form |n |S||
8,2O,4o,84,927 99.51
|hys|ce| 84,O44 O.OO
¹o|e| 8,24,54,o4,4OO 1OO.OO
The names and addresses of the Depositories are as
under:
1. |e||one| Sccur|||cs |cpos||ory ||o.
¹reoc \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 !cc¦ccchoy ¹ovcrs
28
|h
||oor, |e|e| S|rcc|, Vumce|-4OO O23
xiv) Demat Suspense Account:
|c|e||s ,|n e¸¸rc¸e|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 |¹|C
35
th
Annual Report 2010-2011 88
es on 31.O3.2O11 |s furn|shco cc|ov:
Details of “KCL Escrow Account NTPC – IPO Offer”
(account opened and maintained after IPO):
Opening Bal
(as on
01.04.2010)
Disposed off
during
2010-2011
Closing Bal
(as on
31.03.2011)
Cases Shares Cases Shares Cases Shares
189 335o8 o 1181 183 32387
Details of “NTPC LIMITED – FPO Unclaimed Shares
Demat Suspense Account” (account opened and
maintained after FPO):
Opening Bal
(as on
01.04.2010)
Disposed off
during
2010-2011
Closing
Bal (as on
31.03.2011)
Cases Shares Cases Shares Cases Shares
294 5311o 2O8 39172 8o 13944
¹hc 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.
xv) 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
Number of Shares held by the Directors as on
March 31, 2011
Directors No. of shares
Shr| /rup |oy Chouohury 319O
Shr| /.|. S|n¸he| 1O329
Shr| l.!. |epoor 4oO8
Shr| b.|. S|n¸h 27o5
Shr| |.|. !e|n 4188
Shr| S.|. S|n¸h 1O5O7
Shr| |.|. V|sre 922
Shr| l.C.|. |csher| |l|
Shr| |e|csh !e|n |l|
Shr| V.|. buch |l|
Shr| Shen|| |ere|n |l|
Shr| |.|. Scn¸up|e |l|
Directors No. of shares
Shr| |. |hermere¦en |l|
|r. V. Gov|noe |eo |l|
Shr| /ocsh !e|n 7OO
Shr| |enve| |e|h |l|
Shr| /.|. Senve||e |l|
Shr| Sen|osh |eu||ye| |l|
xvii) Locations of NTPC plants
National Capital Region (NCR-HQ)
Thermal Power Stations
|) beoerpur ¹hcrme| |ovcr S|e||on- beoerpur, |cv
|c|h|
||) |e||one| Cep||e| ¹hcrme| |ovcr |ro¦cc|- ||s||. Geu|um
buoh |e¸er, 0||er |reocsh
|||) G|oocrche ¹hcrme| |ovcr |ro¦cc|, ||s||. Vu||ser,
|un¦ec
Gas Power Stations
|) /n|e Ges |ovcr |ro¦cc| ÷ ||s||. beren, |e¦es|hen
||) /ure|ye Ges |ovcr |ro¦cc| ÷ ||s||. /ure|ye, 0||er
|reocsh
|||) |er|oeceo Ges |ovcr |ro¦cc| ÷ ||s||. |er|oeceo,
|eryene
|v) |e||one| Cep||e| |ovcr |ro¦cc|- ||s||. Geu|um buoh
|e¸er, 0||er |reocsh
Eastern Region (ER-HQ)- I
Thermal Power Stations
|) berh Supcr ¹hcrme| |ovcr |ro¦cc|- ||s||. |e|ne, b|her
||) |ere||e Supcr ¹hcrme| |ovcr S|e||on ÷ ||s||.
Vursh|oeceo, \cs| bcn¸e|
|||) |ehe|¸eon Supcr ¹hcrme| |ovcr |ro¦cc|- ||s||.
bhe¸e|pur, b|her
|v) |or|h |erenpure Supcr ¹hcrme| |ovcr |ro¦cc| ÷
|ezer|ce¸h, !her|heno
v) |e|ve Supcr ¹hcrme| |ovcr |ro¦cc|, ||s||. berohmen,
\cs| bcn¸e|
Eastern Region (ER-HQ)- II
Thermal Power Stations
|) ¹e|chcr Supcr ¹hcrme| |ovcr S|e||on- ||s||. /n¸u|,
Or|sse
||) ¹e|chcr ¹hcrme| |ovcr S|e||on- ||s||. /n¸u|, Or|sse
35
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Annual Report 2010-2011 89
|||) bon¸e|¸eon ¹hcrme| |ovcr |ro¦cc|, ||s||. |o|re¦her,
/ssem.
|v) Ge¦emere Supcr ¹hcrme| |ovcr |ro¦cc|, ||s||.
|hcn|ene|, Or|sse
v) |er||pe||| Supcr ¹hcrme| |ovcr |ro¦cc|, ||s||.
Sunocr¸erh, !hersu¸uoe, Or|sse
Northern Region (NR-HQ)
Thermal Power Stations
|crozc Genoh| 0ncheher ¹hcrme| |ovcr S|e||on ÷ ||s||. |)
|eccerc||, 0||er |reocsh
||heno Supcr ¹hcrme| |ovcr |ro¦cc| ÷ ||s||. ||)
Sonccheore, 0||er |reocsh
S|n¸reu|| Supcr ¹hcrme| |ovcr S|e||on- ||s||. |||)
Sonccheore, 0||er |reocsh
¹enoe ¹hcrme| |ovcr S|e||on- ||s||. /mcco|er |e¸er, |v)
0||er |reocsh
Southern Region (SR-HQ)
Thermal Power Stations
|eme¸unoem Supcr ¹hcrme| |ovcr S|e||on- ||s||. |)
|er|mne¸er, /nohre |reocsh
S|mheor| Supcr ¹hcrme| |ovcr |ro¦cc|- v|she|epe|nem, ||)
/nohre |reocsh
|uo¸| ¹hcrme| |ovcr |ro¦cc|, b|¦epur, |erne|e|e |||)
Gas Power Stations
|e¦|v Genoh| Comc|nco Cyc|c |ovcr |ro¦cc| ÷ ||s||. |)
/|eppuzhe, |cre|e
Wind Energy Project, Belgaum, Karnataka
Western Region (WR-HQ)-I
Thermal Power Stations
So|epur Supcr ¹hcrme| |ovcr |ro¦cc| ÷ So|epur, |)
Veheresh|re
Vouoe Supcr ¹hcrme| |ovcr |ro¦cc| ÷ |e¸pur, ||)
Veheresh|re
Gas Power Stations
!henor Genoher Ges |ovcr |ro¦cc|- ||s||. bheruch, |)
Gu¦ere|
|eves Ges |ovcr |ro¦cc|- /o||ye |e¸er, Sure|, ||)
Gu¦ere|
Western Region (WR-HQ)-II
Thermal Power Stations
|orce Supcr ¹hcrme| |ovcr S|e||on- ||s||. |orce, |)
Chhe|||s¸erh
S|pe| Supcr ¹hcrme| |ovcr |ro¦cc|-||s||. b||espur, ||)
Che|||s¸erh
v|nohyeche| Supcr ¹hcrme| |ovcr S|e||on- ||s||. |||)
S|oh|, Veohye |reocsh
Geoervere Supcr ¹hcrme| |ovcr |ro¦cc|, |enoc||- |v)
|ers|n¸hpur, Veohye |reocsh
|ere Supcr ¹hcrme| |ovcr |ro¦cc|, ||s||. |e|¸erh, v)
Che|||s¸erh
|her¸onc Supcr ¹hcrme| |ovcr |ro¦cc|, |her¸onc, v|)
Veohye |reocsh
berc|h| Supcr ¹hcrme| |ovcr |ro¦cc|, Che||erpur, v||)
Veohye |reocsh
HYDRO PROJECTS
|o|oem |yoro |ovcr |ro¦cc| ÷ ||s||. b||espur, |)
||meche| |reocsh
¹epoven ÷ v|shnu¸eo |yoro |ovcr |ro¦cc| ÷ ||s||. ||)
Chemo||, 0||ere|heno
|oher|ne¸- |e|e |yoro |ovcr |ro¦cc|- ||s||. 0||er|esh|, |||)
0||ere|heno
|ups|yece¸er |hes|ecere |yoro |ovcr |ro¦cc| ÷ ||s||. |v)
|||hore¸erh, 0||ere|heno
|o|ooync ÷ll |yoro |ovcr |ro¦cc|, ||s||. Se|he |un¸|c| v)
& |evn¸||e|, V|zorem
JOINT VENTURE POWER PROJECTS
|our|c|e C||-ll - ||s||. Sunoer¸erh, Or|sse |)
|ur¸epur C||-ll - ||s||. buroven, \cs| bcn¸e| ||)
bh||e| C|| - bh||e| ,|es|), Che|||s¸erh |||)
|e|ne¸|r| |ovcr |ro¦cc| - ||s||. |e|ne¸|r|, Veheresh|re |v)
ve||ur ¹hcrme| |ovcr |ro¦cc| ÷ Chcnne|, ¹em|| |eou v)
lno|re Genoh| Supcr ¹hcrme| |ovcr |ro¦cc| - ||s||. v|)
!he¦¦er, |eryene
Vc¦e Supcr ¹hcrme| |ovcr |ro¦cc| ÷ ¹chs|| Vc¦e, v||)
/||eheceo
|ec|ne¸er Supcr ¹hcrme| |ovcr |ro¦cc| ÷ ||s||. v|||)
/uren¸eceo, |ec|ne¸er, b|her
POWER PROJECTS UNDER SUBSIDIARY COMPANIES
Thermal Power Projects
Vuzefferpur ¹hcrme| |ovcr S|e||on, Vuzefferpur, b|her |)
|ec|ne¸er ¹hcrme| |ovcr |ro¦cc|, ||s||. /uren¸eceo, ||)
|ec|ne¸er, b|her ,|n !v v||h |e||veys)
35
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Annual Report 2010-2011 9O
Hydro Power Projects
|e|e ¹epoven |yoro |ovcr |ro¦cc|s ÷ ||s||. Chemo||, |)
0||ere|heno
|emmem |yoro |ro¦cc| ÷ lll- ||s||. |er¦cc||n¸, \cs| ||)
bcn¸e|
xviii) Address for correspondence:
|¹|C bheven, SCO|| Comp|cx
7, lns|||u||one| /rce, |oo| |oeo,
|cv |c|h| ÷ 11OOO3
¹hc 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 |so©n|pc.co.|n
Telephone
No.
Fax No.
|uc||c Spo|cspcrson
Vr. |. S|ve|umer
|xccu||vc ||rcc|or ,||nencc)
243o 9335 243o5742
|-me|| |o |s|ve|umer©n|pc.co.|n
Compeny Sccrc|ery
Vr. /n|| |umer |es|o¸|
243o OO71 243o O241
|-me|| |o e|res|o¸|©n|pc.co.|n
/s pcr C|rcu|er of Sccur|||cs & |xchen¸c boero of lno|e
oe|co 22.O1.2OO7, cxc|us|vc c-me|| |o for rcorcsse| of
|nvcs|or comp|e|n|s |s |so©n|pc.co.|n.
|or eno on cche|f of boero of ||rcc|ors
(Arup Roy Choudhury)
Chairman & Managing Director
Place: New Delhi
Date: May 10, 2011
ANNEX-1
Non – Mandatory Requirements
bcs|ocs |hc menoe|ory rcqu|rcmcn|s es mcn||onco |n prcccco|n¸ pe¸cs, |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: ¹hc 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 e¸¸rc¸e|c, e pcr|oo of n|nc ycers, on |hc boero of |hc Compeny.
2. Remuneration Committee: ||cesc rcfcr |o pere3.3 of |h|s |cpor|.
3. Shareholder Rights: ¹hc 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. ¹hcsc 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 ¨Compeny |crformencc' scc||on.
4. Audit Quali?cation: l| |s e|veys Compeny's cnocevour |o prcscn| unque||nco nnenc|e| s|e|cmcn|s.
5. Training to Board Members: ¹hc 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
pro¦cc|s, cepec||y cxpens|on pro¸remmc |n ||nc v||h |er¸c|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 unocr¸o |re|n|n¸ from ||mc |o ||mc. ¹hc 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 chen¸cs/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|.
6. Mechanism for evaluating non-executive Board Members: |on-cxccu||vc boero Vcmccrs ,lnocpcnocn|
||rcc|ors) of |¹|C erc cc|n¸ eppo|n|co cy |hc Scerch Comm|||cc of |hc Govcrnmcn| of lno|e for e |cnurc of |hrcc
ycers e| e ||mc. ¹hc|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: ¹hc 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 mcchen|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 |¹|C. /||
rcpor|s of freuo or suspcc|co freuo erc |nvcs||¸e|co v||h u|mos| spcco. ¹hc mcchen|sm for prcvcn||on of freuo |s
e|so |nc|uoco |n |hc po||cy.
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Annual Report 2010-2011 91
Annex-II
Schedule of Compliances with Presidential Directive issued during last three years:
Year Content of Presidential Directives Compliance
2010-2011 |l| |l|
2009-10
1. v|oc |rcs|ocn||e| ||rcc||vc |o.8/3/2OO2-¹|.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 |¹|C for |nouc||on of supcrcr|||ce|
|cchno|o¸y |hrou¸h cu|| orocr|n¸ of ooO V\
¸cncre||n¸ un||s cy |¹|C ||m||co 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|e¸c eno S|cem ¹urc|nc Gcncre|or ,S¹G)
pec|e¸c 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 ,|.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 v|cv of on|y onc c|oocr cc|n¸ que||nco for SG pec|e¸c |n
||nc v||h prov|s|on of c|o oocumcn|s, |cnocrs vcrc rc-|nv||co
on 23.Oo.1O eno sucscqucn| |o rc-|nv||e||on |hrcc per||cs
vcrc oc|crm|nco es cc|n¸ que||nco for sucm|ss|on of pr|cc
c|os. |ovcvcr, |hc me||cr |s nov suc-¦uo|cc es |hc
o|sque||nco c|oocr n|co e vr|| pc||||on |n |hc ||¸h Cour| of
|c|h|. |¹|C hes che||cn¸co |hc occ|s|on of ||¸h Cour| of |c|h|
|n |on'c|c Suprcmc Cour| of lno|e.
ln rcspcc| of S¹G |ec|e¸c, |c||cr of ln|cn| hes cccn |ssuco for
So|epur Supcr ¹hcrme| |ovcr |ro¦cc| ,2xooO V\), Vouoe
Supcr ¹hcrme| |ovcr |ro¦cc|-ll ,2xooO V\) eno Vc¦e Supcr
¹hcrme| |ovcr |ro¦cc| ,2xooO V\). |c||cr of ln|cn| for S¹G
|ec|e¸c of |ec|ne¸er Supcr ¹hcrme| |ovcr |ro¦cc| ,3xooO
V\) she|| cc |ssuco ef|cr eve||ec||||y of |eno. |ur|hcr, |emooer
ve||cy Corpore||on heo cccn eov|sco |o |e|c ncccssery ec||on
for |ssuencc of |Ol/ |o||nce||on of /vero.
2. v|oc |rcs|ocn||e| ||rcc||vc |o. 5/5/2OO4-¹h.ll
oe|co O3.O7.2OO9, Govcrnmcn| of lno|e pcrm|||co
|¹|C for v|no|n¸ up of ||pevev |ovcr |cvc|opmcn|
Compeny ||m||co ,|||C|) |hrou¸h s|r|||n¸ off |hc
nemc of |||C| unocr Scc||on 5oO of |hc Compen|cs
/c|, 195o.
|c¸|s|rer of Compen|cs, |hrou¸h ||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, |C¹ 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|e¸c for berh
Supcr ¹hcrme| |ovcr |ro¦cc|, S|e¸c-l ,3xooO V\)
everoco on ¹cchnopromcxpor|, |uss|e cy |¹|C
||m||co
|¹|C |s |mp|cmcn||n¸ Ve|n ||en| |ec|e¸c |er|-/ ,S|cem
Gcncre|or & /ux|||er|cs) for berh Supcr ¹hcrme| |ovcr |ro¦cc|
S|e¸c-l ,3xooOV\) |hrou¸h ¹cchnopromcxpor|, |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¸ |¹|C |o |e|c e||
ncccssery ec||ons for |hc cer|y comp|c||on of |hc pro¦cc| |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 |¹|C eno ¹cchnopromcxpor|, |uss|e eno
ncccssery emcnomcn|s |o Con|rec|s hevc e|so cccn |ssuco on
29.1O.2O1O for |mp|cmcn|e||on of berh S¹|| S|e¸c-l.
2008-2009
1. v|oc |rcs|ocn||e| ||rcc||vc |o. 3/4/2OO9-¹|.l
oe|co 3O.O4.2OO9, Govcrnmcn| of lno|e hes o|rcc|co
|¹|C |o |mp|cmcn| rcv|s|on of pey eno rcv|s|on of
boero |cvc| eno cc|ov boero |cvc| |xccu||vcs eno
|on-0n|on|sco Supcrv|sors |n Ccn|re| |uc||c Scc|or
|n|crpr|scs ,C|S|s) v.c.f. O1.O1.2OO7
¹hc proccss of pey rcv|s|on of ve¸c eno ccncn| s|ruc|urc for
cmp|oyccs |n |xccu||vc ce|c¸ory eno for cmp|oyccs |n
un|on|zco ce|c¸ory ,vor|mcn) ves comp|c|co on 19.2OO9
eno O7.O7.2O1O rcspcc||vc|y.
2. v|oc |rcs|ocn||e| ||rcc||vc |o. 5/5/2OO4-¹|.ll
oe|co O3.O7.2OO9, Govcrnmcn| of lno|e pcrm|||co
|¹|C for v|no|n¸ up of ||pevev |ovcr |cvc|opmcn|
Compeny ||m||co ,|||C|) cy |¹|C ||m||co pcno|n¸
sc|||cmcn| of c|e|ms v||h Gu¦ere| |ovcr Corpore||on
||m||co/ Govcrnmcn| of Gu¦ere|.
||cesc rcfcr comp||encc es mcn||onco unocr |o|n| 2 |n |hc
ycer 2OO9-2O1O.
2007-2008 |l| |l|
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Annual Report 2010-2011 92
CHIEF EXECUTIVE OFFICER (CEO) & CHIEF FINANCIAL OFFICER (CFO) CERTIFICATION
\c, /rup |oy Chouohury, Che|rmen & Vene¸|n¸ ||rcc|or eno /.|. S|n¸he|, ||rcc|or ,||nencc) of |¹|C ||m||co, |o |hc ccs|
of our |nov|co¸c eno cc||cf, ccr||fy |he| :
,e) \c hevc rcv|cvco |hc be|encc Shcc| eno |ron| eno |oss /ccoun| ,S|eno /|onc eno Conso||oe|co) eno e|| ||s
Schcou|cs eno |o|cs on /ccoun|s eno |hc Cesh ||ov S|e|cmcn| for |hc ycer cnoco Verch 31, 2O11 eno |o |hc ccs|
of our |nov|co¸c 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 |o¸c|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 rc¸u|e||ons.
,c) ¹o |hc ccs| of our |nov|co¸c eno cc||cf, no |rensec||ons cn|crco |n|o cy |hc Compeny our|n¸ |hc ycer, vh|ch |s
freuou|cn|, |||c¸e| 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 |¹|C's boero of ||rcc|ors :
,|) s|¸n|ncen| chen¸cs, |f eny, |n |n|crne| con|ro| ovcr nnenc|e| rcpor||n¸ our|n¸ |hc ycer,
,||) s|¸n|ncen| chen¸cs, |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
mene¸cmcn| 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 : Vey Oo, 2O11
,/.|. S|n¸he|)
||rcc|or ,||nencc)
,/rup |oy Chouohury)
Che|rmen & Vene¸|n¸ ||rcc|or
35
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Annual Report 2010-2011 93
AUDITORS’ CERTIFICATE
¹hc Vcmccrs
|¹|C ||m||co
\c hevc cxem|nco |hc comp||encc of cono|||ons of corpore|c ¸ovcrnencc cy |¹|C ||m||co for |hc ycer cnoco on Verch
31, 2O11 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| |xchen¸cs 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.
¹hc comp||encc of cono|||ons of corpore|c ¸ovcrnencc |s |hc rcspons|c||||y of |hc mene¸cmcn|. 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 |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.
\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 mene¸cmcn| hes conouc|co |hc effe|rs of |hc compeny.
|or |ess Gup|e & /ssoc|e|cs
Cher|crco /ccoun|en|s
||rm |c¸. |o. OOO112|
,/sho| |umer !e|n)
|er|ncr
V. |o. O9O5o3
|or |. |. Son| & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |o. OOO947|
,S. S. Son|)
|er|ncr
V. |o. O94227
|or verme & verme
Cher|crco /ccoun|en|s
||rm |c¸. |o. OO4532S
,C. G. |en|e¦e|shen)
|er|ncr
V. |o. O2O512
|or |ere|h & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |o. O1475C
,v.|. Ven|r|)
|er|ncr
V. |o. O74o78
|or b. C. !e|n & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |o. OO1O99C
,||shech !e|n)
|er|ncr
V. |o. 4OO912
|or S.|. Vch|e & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |o. OOO478|
,|oh|| Vch|e)
|er|ncr
V. |o. O91382
||ecc: |cv |c|h|
|e|c : Vey 1O, 2O11
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Annual Report 2010-2011 94
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| cncr¸y conscrve||on mcesurcs |e|cn our|n¸ |hc |/ ycer 2O1O-2O11 |n o|ffcrcn| erces erc es
unocr:
ENERGY AUDITS
|ur|n¸ |/ 2O1O-11, 9o cncr¸y 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 |¹|C. / vor|shop on
¨Oppor|un|||cs for /|C rcouc||on eno \e|cr conscrve||on' ves conouc|co e| |e|ne.
AUXILIARY POWER CONSUMPTION
|cp|eccmcn| of |ncfnc|cn| b|| cer|r|o¸cs eno e||cno|n¸ b|| rcc|rcu|e||on ve|vcs e| ¹e|chcr, |ere||e, |eor|, ||heno,
S|n¸reu||, 0ncheher, |ehe|¸eon, |orce, beoerpur, |eves, |eyem|u|em c|c., Voo|fy|n¸ /|| scc|or en¸|c e| ¹enoe,
|cmove| of onc s|e¸c |n C|| e| v|nohyeche|, /pp||ce||on of cfnc|cncy |mprovcmcn| coe||n¸ on coo||n¸ ve|cr
pump |n|crne|s e| ¹e|chcr ¹hcrme|, Genoher & |eves, lns|e||e||on of v||'s |n ||O prcssur|z|n¸ pumps e| |orce
eno |n rev ve|cr pumps e| Genoher, Op||m|ze||on of opcre||on of C\ pumps, /|C\ eno c|er|nco ve|cr pumps
& Coo||n¸ ¹ovcr |ens e| ¹e|chcr, |ehe|¸eon, S|pe|, /n|e, /ure|ye, uncheher, |ere||e eno v|nohyeche|.
Ve|n|e|n|n¸ op||mum || ecross |cco |c¸u|e||n¸ S|e||on e| |ehe|¸eon, |orce, S|n¸reu|| eno v|nohyeche|, Op||m|z|n¸
opcre||on of ||/|| / Sce| ve|cr pumps e| v|nohyeche|, |eor| coe| eno ||heno, Op||m|z|n¸ opcre||on of e|r
comprcssors e| S|n¸reu|| eno ¹e|chcr.
LIGHTING
|cp|eccmcn| of convcn||one| G|S |emps eno convcn||one| |¹|s v||h C||s e| |ere||e, ||heno, S|n¸reu||, 0ncheher,
|eme¸unoem, /n|e, /ure|ye, |eyem|u|em, |eves eno Genoher, rcp|eccmcn| of ||Vv |emps v||h ||Sv |emps e|
S|n¸reu||, rcp|eccmcn| of ||Sv nx|urcs v||h ||| ||¸h| nx|urcs e| |eyem|u|em.
HEAT ENERGY
Comm|ss|on|n¸ of ncv m|xco cco un|| cnec||n¸ |n¦cc||on ve|cr |o cc sourcco from |// e| Genoher. |x|crne|
surfecc c|cen|n¸ of \||b |uccs v||h emmon|e e| /ure|ye, /||cno|n¸ / up¸reo|n¸ |hcrme| |nsu|e||on e| /ure|ye,
|eves, |eyem|u|em, ||heno eno v|nohyeche|. /oop||n¸ ncv chcm|ce| |rce|mcn| of coo||n¸ ve|cr e| ¹e|chcr
¹hcrme|. /||cno|n¸ pess|n¸ |n || hce|crs / || ore|n ve|vcs e| |eme¸unoem eno ||heno.
MISCELLANEOUS WATER
|cusc of ve|cr from esh pono e| ver|ous s|e||ons, |cusc of c|er|nco ve|cr ef|cr cqu|pmcn| coo||n¸, |c|r|cve| eno
rcusc of rev ve|cr from coe| sc||||n¸ pono, e||cno|n¸ |ce|e¸cs |n ver|ous ||ncs e| ver|ous s|e||ons, c|c.
b) Additional investments and proposals for reduction in consumption of energy:
|rov|s|on of ` 994 |ecs hes cccn |cp| |n b| 2O11-12 for o|ffcrcn| cncr¸y conscrve||on schcmcs |||c:
- On-||nc |ncr¸y Vene¸cmcn| Sys|cm
- vepor ecsorp||on sys|cm for /|r Cono|||on|n¸
- lns|e||e||on of v|| |n l| fens
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Annual Report 2010-2011 95
c) Impact of measures taken for energy conservation:
Sev|n¸s ech|cvco our|n¸ |/ 2O1O-11 on eccoun| of spcc|nc cffor|s for cncr¸y conscrve||on:-
S.No. Area/Activities Energy Unit Savings Qty. of units ` (in Crore)
1 ||cc|r|ce| V0 1O2.33 19.O9
2.e |ce| |ncr¸y ,cqu|ve|cn| V¹ of coe|) V¹ 22774 3.29
2.c |ce| |ncr¸y ,cqu|ve|cn| VCV of Ges) VCV o.577 o.27
2.c |ce| |ncr¸y ,cqu|ve|cn| V¹ of |ep|he) V¹ 1O.298 O.O41
3 V|scc||encous \e|cr V.Cu V o.129 1.93
Grand Total 30.621
Sev|n¸s ech|cvco our|n¸ 2OO9-1O: ` 29.oO Crorc
B. Technology Absorption:
|ffor|s meoc |overos |cchno|o¸y es pcr |orm ÷b ,|orm-b cnc|osco)
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 (2010-2011) ` (in Crore)
1. |orc|¸n |xchen¸c Ou|¸o
e) ve|uc of lmpor|s ce|cu|e|co on Cl| ces|s:
Cep||e| Gooos 9o5.31
Sperc |er|s 98.73
c) |xpcno||urc:
|rofcss|one| eno Consu||ency Cher¸cs 5.8O
ln|crcs| 514.43
O|hcrs 12.21
2. |orc|¸n |xchen¸c |ernco
Consu||ency 1.O1
ln|crcs| -
O|hcrs O.11
35
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Annual Report 2010-2011 9o
FORM B
FORM FOR DISCLOSURE OF PARTICULARS WITH RESPECT TO ABSORPTION OF TECHNOLOGY
1.0 Speci?c areas in which NETRA activities have been carried out during 2010 - 11:
a. MOU Projects for 2010 – 11 Completed: |ces|c||||y s|uoy for CO
2
nxe||on for ocvc|opmcn| of proouc| /|O|,
|ces|c||||y |cpor| for sc|||n¸ up of 1OO |¸/oey p||o| p|en| of V|cro /|¸ec cesco CO
2
cep|urc |cchno|o¸y, /vero
for So|er hce||n¸ vcn|||e||on eno e|r cono|||on|n¸ ,|v/C) sys|cm ,|n nne| s|e¸cs), lns|e||e||on of e ocmons|re||on
p||o| p|en| e| |eor| ¹hcrme| for |hc proof of conccp| of |hc |hcorc||ce| mooc| ocvc|opco for cx|rec||on of
mo|s|urc from nuc ¸es, ||c|o mcesurcmcn| eno ve||oe||on of ln|c¸re|co |o|er|ze||on |cpo|er|ze||on Currcn| ÷
|ccovcry vo||e¸c mcesurcmcn| ,||C-|vV) eppere|us for lnsu|e||on cono|||on mon||or|n¸ of ¹rensformcrs, 5|\
|cs| |oop eno oe|e ¸cncre||on for pcrformencc s|uoy of eque emmon|e cyc|c for cfnc|cncy |mprovcmcn| eno
sc|||n¸ up of 8 Scnsor So|er |eo|e||on S|e||on e| ||¹|/.
b. Developmental Projects undertaken by NETRA: |rcpere||on of ¹S for 1OO ¹| ||uc ¸es hce| rccovcry /|r
Cono|||on|n¸ p|en|, ||c|o |r|e|s of |oco||c cesco |nspcc||on sys|cm e| onc s|e||on, |rocurcmcn| proccss|n¸ for
componcn|s of |ce| p|pc cesco e|r-prchce|cr p||o| p|en|, |rcpere||on of fces|c||||y rcpor| of 1 V\ so|er |hcrme|
p||o| p|en|, ||ne||ze||on of ¹cchn|ce| Spcc|nce||ons for 2
no
|hesc /ovencco compu||n¸ Ccn|cr, lns|e||e||on &
Comm|ss|on|n¸ of |n|c¸re|co c|oo|csc| p||o| p|en| |o prooucc cncr¸y for cx|s||n¸ c|oo|csc| p|en| e| |eor|,
|xpcr|mcn|e| sc| up of ¹hcrmoc|cc|r|c Gcncre||on, |l¹ for |rcssurc sv|n¸ ecsorp||on ,|S/) cesco CO
2
cep|urc
p||o| p|en| of 1OO |¸/hr nuc ¸es cepec||y.
c. Scienti?c Support to NTPC Stations:
º ||¹|/ con||nuco |o prov|oc sc|cn||nc suppor| |o |¹|C s|e||ons such es: ¹r|e| lns|e||e||on of Sof|verc for
on||nc chcm|ce| mon||or|n¸ & eov|sory of \e|cr Chcm|s|ry peremc|crs e| S|n¸reu||, ¹r|e| |ns|e||e||on of
/r||nc|e| ln|c|||¸cncc ,/l) cesco opcre|or eov|sory for p|en| pcrformencc |mprovcmcn| e| S|mheor| 0n|| #
2, |cvc|opmcn| eno ¹r|e|s of |oco||c |nspcc||on ocv|ccs e| s|e||ons, |c|ron|||n¸ of v|| or|vcs |n cx|s||n¸
coo||n¸ |ovcr fen mo|or e| |eor|, C|| mooc||n¸ of 5OO V\ co||crs of v|nohyeche| & |orce, |cvc|opmcn|
of ||C-|vV lns|rumcn| for Cono|||on Von||or|n¸ ¹rensformcr lnsu|e||n¸ pepcr, lns|e||e||on of ln|c¸re|co
c|oo|csc| p|en| e| |eor|, |cs|¸n of Ce|hoo|c pro|cc||on sys|cm for Con|ro| of Corros|on lnoucco oeme¸cs
|o |CC s|ruc|urcs e| S|mheor| ,S|e¸c 1), ¹rce|mcn| |cchno|o¸y of rev ve|cr of beoerpur for usc |n |V eno
coo||n¸ ve|cr, |os| opcre||one| chcm|ce| c|cen|n¸ of 11 co||crs, lns|e||e||on & Comm|ss|on|n¸ of 8 Scnsors
So|er |eo|e||on S|e||ons, |ecr|ce||on, comm|ss|on|n¸ eno |r|e|s of p||o| p|en| for rccono|||on|n¸ ||| e| ||¹|/,
|cvc|opmcn| of Chcm|ce| |rce|mcn| pro¸rem for coo||n¸ ve|cr sys|cms e| ¹enoe, !he¦¦er, |eor|, ¹e|chcr
|en|he, ¹e|chcr ¹hcrme|, c|c, |cvc|opco ¸u|oc||ncs for coo||n¸ ve|cr |rce|mcn| & on||nc corros|on, fou||n¸
eno m|croc|o|o¸|ce| fou||n¸/corros|on eno pos| opcre||one| chcm|ce| c|cen|n¸ of co||crs, /n||corros|vc
coe||n¸s su||ec|c for |V p|en| eno |mmcrsco s|ruc|urcs such es conocnscr ve|cr coxcs & p|pcs hes cccn
rccommcnoco |o beoerpur & o|hcr s|e||ons |he| e|so |nc|uoco ocs|¸n of ce|hoo|c pro|cc||on sys|cm for
conocnscr ve|cr coxcs of beoerpur, |ccommcnoe||ons hevc cccn ¸|vcn for |mprov|n¸ |hc pcrformencc
of prc-|rce|mcn| p|en|s of |ehe|¸eon, beoerpur & |eves.
º |nv|ronmcn|e| /ppre|se| of 2O s|e||ons hevc cccn cerr|co ou| eno corrcc||vc ec||ons erc cc|n¸ |e|cn cy |hc
s|e||ons cesco on |hc eppre|se|.
º Hea|th Assessment: |ec| nno|n¸ of ¸es |urc|nc componcn|s our|n¸ ||s me¦or/m|nor |nspcc||on, Spcc|e|
||¹ of ¸cncre|or componcn|s ,rc|e|n|n¸ r|n¸, ro|or vco¸c, ro|or coup||n¸ ), |cfcrre| ¦ocs for hce||h/||fc
mene¸cmcn| of co||cr componcn|s ,Cbb ccr||nco ||/ e¸cncy).
º fa||ure Invest|gat|ons: |e||urc lnvcs||¸e||ons of Conocnscr |uccs of ¹enoe, |e||urc |nvcs||¸e||on of
Conocnscr |uccs of beoerpur, |e||urc lnvcs||¸e||ons of C|er|nco ve|cr p|pc||nc e| 0ncheher, |e||urc
lnvcs||¸e||ons of Conocnscr |uccs of ¹ereporc /|om|c |ovcr s|e||on.
º Cond|t|on mon|tor|ng: 5OO numccr |v |rensformcrs |hrou¸h o|sso|vco ¸es ene|ys|s, ovcr 13OO ro|e||n¸
componcn|s |hrou¸h vcer-occr|s ene|ys|s, |on-cxchen¸c rcs|ns of 2O s|e||ons.
º Spcc|e||zco ¹cs||n¸s of ovcr 4OOO semp|cs |n en ycer.
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Annual Report 2010-2011 97
d. Scienti?c Support to Other Utilities:
º Sc|cn||nc scrv|ccs prov|oco |o o|hcr u||||||cs such es |en|pe|, |o|e ¹hcrme|, |chre Vohece|, |er|oeceo, !||
,|e|¸erh), |cyvc|||, l|GC|, |vC, |GCl|. |||C, c|c.
º ln|crne||one| Consu||ency |o |u¦e|reh povcr p|en| ,0/|) for |oo| Ceusc |nvcs||¸e||on of b¹| |n ||SG's.
2.0 Bene?ts derived as a result of above Research & Technology Development:
||¹|/ 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.
Chcm|ce| |rce|mcn| eno corros|on con|ro| mcesurcs su¸¸cs|co |s hc|p|n¸ |hc s|e||ons |n |mprov|n¸ |hc cfnc|cncy,
eve||ec||||y eno ||fc of ver|ous hce| cxchen¸crs/coo||n¸ |ovcrs. ¹cchn|qucs ocvc|opco cy ||¹|/ erc |mp|cmcn|co
e| s|e||ons, vh|ch erc cnhenc|n¸ |hc ||fc of co||cr & |urc|nc componcn|s.
¹hc ||mc|y eno sc|cn||nc fe||urc ene|ys|s of ver|ous 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|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 chen¸c eno |cchno|o¸|cs for efforoec|c rcncvec|c cncr¸y 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
Developmental Projects planned to be taken up:
º Comp|c||on of lns|e||e||on eno Comm|ss|on|n¸ of ccnch sce|c |cs| |oop e| ||¹|/ of |S/ cesco CO
2
cep|urc
|cchno|o¸y.
º |ec sce|c |cs||n¸ eno ocs|¸n of |||o| p|en| for CO
2
u||||ze||on |hrou¸h m|ncre||ze||on of ny esh e| |eme¸unoem.
º Supp|y of cqu|pmcn| eno commcnccmcn| of crcc||on of 4O¹| so|er |v/C p|en| e| ||¹|/ |hrou¸h |n-housc
ocs|¸n & cn¸|nccr|n¸.
º |cvc|opmcn| of sof|verc eno ||s |r|e|s for On-||nc chcm|ce| peremc|cr mon||or|n¸ eno eov|sory e| onc s|e||on
|hrou¸h |n-housc cffor|s.
º |cs|¸n eno prcpere||on of fces|c||||y rcpor| & ||| for 1V\ so|er ¹hcrme| |&| |||o| p|en| hev|n¸ prov|s|on of
|hrcc |ypc of conccn|re|ors.
º S|uoy of m|cro-e|¸ec s|re|ns eno shor| ||s||n¸ for oc|e||co CO
2
cep|ur|n¸ s|uo|cs |o 1O |os.
º |ref| sucm|ss|on |o |hc Vene¸cmcn| of |&| |o||cy |n ||nc v||h |||'s for|hcom|n¸ ¸u|oc||ncs
º S|uoy of |ov cncr¸y ecsorp||on cu||o|n¸ cnvc|opc ocs|¸n.
º Spcc|nce||on of ccnch sce|c pro|o|ypc |o convcr| Vun|c|pe| So||o \es|c |o fuc|.
º |cs|¸n & Spcc|nce||on of |||o| p|en| for Vo|s|urc |x|rec||on from nuc ¸es e| |eme¸unoem.
º |cp|oymcn| of /r||nc|e| ln|c|||¸cncc cesco p||o| pro¸rem for pcrformencc op||m|ze||on e| 1 s|e||on ,S|mheor|)
º |l¹ of 1OO¹| |G||-/C |||o| ||en| e| |eme¸unoem
º |ec sce|c s|uo|cs for ¹hcrme| Von||or|n¸ of \e|cr \e|| |uccs |o |ocn||fy |cvc| of ocpos||s |n |hc |uccs.
º /sscssmcn| of corros|v||y of conocnscr coo||n¸ ve|cr eno rccommcno|n¸ corrcc||vc mcesurcs e| s|e||ons.
4.0 Expenditure on R&D:
S.No. Description Expenditure in (`/Crore)
2010 – 2011 2009 - 2010
a) Cep||e| 3.o8 1.4O
b) |ccurr|n¸ 28.3O 2O.5o
c) ¹o|e| 31.98 21.9o
d) ¹o|e| |&| cxpcno||urc es e pcrccn|e¸c of |o|e| |urnovcr O.O583% O.O475%
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Annual Report 2010-2011 98
5.0 Technology Absorption, Adaptation and Innovation
|er||cu|ers of somc of |hc |mpor|en| |cchno|o¸y |mpor|co our|n¸ |es| nvc ycers erc es fo||ovs:
S.No. Technology Year Stations
1. Supcr cr|||ce| ¹cchno|o¸y 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¸ lmp|cmcn|co |n berh-ll eno fur|hcr
cc|n¸ |mp|cmcn|co |n 11 un||s of ooO V\
,|n Veuoe, Sho|epur, Vc¦e, |ec|ne¸er
eno |e¸hune|hpur p|en|) |hrou¸h cu||
|cnocr|n¸ mcchen|sm & cnv|se¸co for
8OO V\ un||s ,|uo¸|, |er||pe|||, Ge¦mere
& |ere |hrou¸h bu|| |cnocr|n¸.)
2 lmp|cmcn||n¸ lGCC |cchno|o¸y for h|¸h esh lno|en
coe|
2O1O |cmons|re||on p|en| of ecou| 1OO V\
cepec||y e| |eor| pro¦cc| of |¹|C.
3 Commun|cec|c |umcr|ce| |c|ey ¹cchno|o¸y
,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 &
lGS¹||, S|mheor|-ll. bc|n¸ lmp|cmcn|co
|n e|| on¸o|n¸ pro¦cc|s.
4 bo||cr ||emc v|cv|n¸ Cemcre 2OO9 lmp|cmcn|co |n |ehe|¸eon eno S|pe|-ll
5 4OOO ¹|| Cepec||y & 4.4 |m |on¸ p|pc convcyors
for |renspor||n¸ coe| from por| |o p|en| .
2OOo lmp|cmcn|co |n ve||ur. ¹h|s |s h|¸hcs|
cepec||y p|pc convcyor |n /s|e.
o /ovencco C|ess Ges ¹urc|ncs v||h epprox. oO%
comc|nco cyc|c cfnc|cncy
2O11 |nv|se¸co for |eves-ll, Genoher-ll eno
|eyem|u|em-ll
7 /s e per| of ¸rccn |cchno|o¸y eoop||on, |||
cesco |er¸c v|oco scrccns hevc cccn eoop|co
for con|ro| rooms, from ooOV\ cu|| |cnocr|n¸
pro¦cc|s onveros.
2O1O lncorpore|co |n |hc S|e||on C&l
spcc|nce||ons of ooOV\ cu|| |cnocr
pro¦cc|s. ,Veuoe-ll, Sho|epur, Vc¦e,
|ec|ne¸er).
8 Sccurco & lmprovco |c|vor| ocs|¸n of ||CVlS
hes cccn eoop|co. ¹h|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 bon¸e|¸eon onveros. |or cx|s||n¸
pro¦cc|s, |hcsc sccur||y po||c|cs &
proccourcs hevc cccn c|rcu|e|co |o e||
s||cs.
||ecc : |cv |c|h|
|e|co : /u¸us| O4, 2O11
|or eno on cche|f of |hc boero of ||rcc|ors
,/rup |oy Chouohury)
Che|rmen & Vene¸|n¸ ||rcc|or
35
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Annual Report 2010-2011 99
Annex-V 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 LTD.
NTPC VIDYUT
VYAPAR NIGAM
LTD.
NTPC HYDRO
LTD.
KANTI BIJLEE
UTPADAN
NIGAM LIMITED
BHARTIYA RAIL
BIJLEE
COMPANY
LIMITED
1. ||nenc|e| ycer of |hc
Sucs|o|ery cnoco on
Verch 31, 2O11 Verch 31, 2O11 Verch 31, 2O11 Verch 31, 2O11 Verch 31, 2O11
2. |e|c from vh|ch |hcy
cccemc Sucs|o|ery
/u¸us| 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, 2O11
e) |umccr & fecc ve|uc 8O,91O cqu||y
shercs of
` 1O/- cech
2,OO,OO,OOO
cqu||y shercs of
` 1O/- cech
11,39,59,5OO
cqu||y shercs of
` 1O/- cech
5,71,51,OOO
cqu||y shercs of
` 1O/- cech
35,52,OO,OOO
cqu||y shercs of
` 1O/- cech
c) |x|cn| of ho|o|n¸ 1OO% 1OO% 1OO% o4.57% 74%
4. ¹hc nc| e¸¸rc¸e|c emoun| of |hc
sucs|o|ery compen|cs |ron|/,|oss)
so fer es || conccrns |hc mcmccr of
|hc ho|o|n¸ compeny
e) |o| oce|| v||h |n |hc ho|o|n¸
compeny's eccoun|s
|) |or |hc nnenc|e| ycer
cnoco Verch 31, 2O11
o,O1,49,8OO 3O,O5,81,892 |l| ,14,58,2o,7o2) ,2,31,384)
||) 0p|o |hc prcv|ous
nnenc|e| ycers of |hc
sucs|o|ery compeny
43,19,34,O3o 79,o1,9O7 ,813,2o,o92) ,7,78,81o) ,48,87,oO4)
c) |ce|| v||h |n |hc ho|o|n¸
compeny's eccoun|s
,|) |or |hc nnenc|e| ycer
cnoco Verch 31, 2O11
||| ||| ||| ||| |||
,||) |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
||| ||| ||| ||| |||
* ¹hc nemc of ||pevev |ovcr |cvc|opmcn| Compeny ||m||co, e vho||y-ovnco sucs|o|ery of |¹|C ||m||co hes cccn
s|ruc| off from |hc |c¸|s|rer of Compen|cs, |c|h| & |eryene v.c.f. 28.O1.2O11 pursuen| |o Scc||on 5oO of |hc Compen|cs
/c|, 195o eno |hc se|o Compeny s|enos o|sso|vco v.c.f. 28.O1.2O11.
||ecc : |cv |c|h|
|e|co : /u¸us| O4, 2O11
|or eno on cche|f of |hc boero of ||rcc|ors
,/rup |oy Chouohury)
Che|rmen & Vene¸|n¸ ||rcc|or
35
th
Annual Report 2010-2011 1OO
Annex- VI to Directors’ Report
STATISTICAL DATA OF GRIEVANCE CASES
2010-2011
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
o
22
2o
2
||ecc : |cv |c|h|
|e|co : /u¸us| O4, 2O11
|or eno on cche|f of |hc boero of ||rcc|ors
,/rup |oy Chouohury)
Che|rmen & Vene¸|n¸ ||rcc|or
35
th
Annual Report 2010-2011 1O1
Annex-VII to Directors’ Report
STATICAL INFORMATION ON RESERVATION OF SCs/STs FOR THE YEAR 2010
Representation of SCs/STs as on 01.01.2011:
Group Employees on Roll SCs %age STs %age
/ 14OO5 1o74 11.95 589 4.2O
B 5O85 788 15.49 35o 7.OO
C 5877 1O38 17.oo 41O o.97
| 1137 241 21.19 152 13.3o
Total 26104 3741 14.33 1507 5.77
Recruitment of SCs/STs during the year 2010:
Group Total Recruitment SCs %age STs %age
/ 1129 121 1O.71 51 4.51
B - - - - -
C 132 3O 22.72 1 O.75
| 23 8 34.78 7 3O.43
Total 1284 159 12.38 59 4.59
Promotions of SCs/STs during the year 2010:
Group Total SCs %age STs %age
/ 3154 377 11.95 119 3.77
B 1O84 144 13.28 oo 8
C 1237 232 18.37 75 o
| 149 31 2O.8O 9 4
Total 5624 784 13.94 269 4.78
¹hc fo||ov|n¸ cec||o¸ vecenc|cs rcscrvco for SCs/ S¹s/ ObCs hevc cccn n||co |hrou¸h spcc|e| rccru||mcn| or|vc/
eovcr||scmcn| of cec||o¸ vecenc|cs e|on¸ v||h currcn| vecenc|cs:
SCs : 14
S¹s : 14
||ecc : |cv |c|h|
|e|co : /u¸us| O4, 2O11
|or eno on cche|f of |hc boero of ||rcc|ors
,/rup |oy Chouohury)
Che|rmen & Vene¸|n¸ ||rcc|or
35
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Annual Report 2010-2011 1O2
Annex- VIII to Directors’ Report
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 or¸en|ze||on, your Compeny hes
cnocevorco |o |e|c rcspons|c||||y for eocque|c rcprcscn|e||on of phys|ce||y che||cn¸co pcrsons ,|C|) |n ||s vor|forcc. ln
|h|s v|cv, your Compeny |¹|C |eunchco e mess|vc rccru||mcn| or|vc |o me|c up |hc shor|fe|| of |C|. |rcscn||y, 47O |C|
,94 v|, 1Oo || eno 27O O|) erc on ro||s of |¹|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 phys|ce||y che||cn¸co pcrsons cy |¹|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 |ro¦cc|s of |¹|C. / vccs||c hes cccn meoc |C| fr|cno|y per||cu|er|y for |ov v|s|on
|mp|oyccs.
÷ ¨S|¸n |en¸ue¸c' |re|n|n¸ for |hc cmp|oyccs |n ¸cncre|.
÷ Chen¸cs |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||cn¸co.
÷ |emps hevc e|so cccn prov|oco for unhempcrco movcmcn| of vhcc| che|rs.
÷ /| mos| of |hc |¹|C |ro¦cc|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 |ro¦cc|s.
÷ \hcc| che|rs hevc cccn prov|oco |o cmp|oyccs v||h or|hopco|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||cn¸co |hcrccy crce||n¸ |no|rcc| cmp|oymcn|.
÷ |e|n||n¸s 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 or¸en|zco |n ver|ous pro¦cc|s of |¹|C 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 |¹|C ¹ovnsh|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|.
÷ |c¸u|er |n|crec||vc mcc||n¸s erc cc|n¸ or¸en|zco v||h phys|ce||y che||cn¸co cmp|oyccs.
÷ ¹re|n|n¸ nccos erc cc|n¸ fu|n||co es pcr |hc |no|v|oue| rcqu|rcmcn|.
÷ 1O numccr of Scho|ersh|ps © `1,5OO/- pcr mon|h/ pcr s|uocn| erc ¸|vcn |o || s|uocn|s pursu|n¸ Vb// |G|bV/|c¸rcc
|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||cn¸co ,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 e¸e|ns| |hc|r norme| cn||||cmcn| ,eovencc for scoo|cr/ mo|orcyc|c/ mopco) unocr
|¹|C convcyencc /ovencc |u|cs.
÷ /| e|| |ro¦cc|s/ Ofnccs, |ooe| Ofnccrs ,|hys|ce||y Che||cn¸co) hevc cccn nom|ne|co.
÷ |c|mcurscmcn| |overos |ov v|s|on e|os, oer| ¸|esscs c|c. suc¦cc| |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 suc¦cc| |o ccr||nce|c of conocmne||on cy ||¹
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.
÷ ¹hc 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/ S¹/ |hys|ce||y Che||cn¸co ce|c¸ory.
- |¹|C heo |eunchco spcc|e| rccru||mcn| or|vc for n|||n¸ up 18 cec||o¸ vecenc|cs for |C| |n Group-/ |os|s ou| of vh|ch
1o pos|s hevc cccn n||co our|n¸ |hc ycer 2O1O.
||ecc : |cv |c|h|
|e|co : /u¸us| O4, 2O11
|or eno on cche|f of |hc boero of ||rcc|ors
,/rup |oy Chouohury)
Che|rmen & Vene¸|n¸ ||rcc|or
35
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Annual Report 2010-2011 1O3
Annex-IX to Directors’ Report
UNGC – Communication on Progress (2010-11)
|¹|C cxprcsscs ||s con||nuco suppor| for |hc G|oce| Compec| eno ||s comm||mcn| |o |e|c ec||on |n |h|s rc¸ero, es ves
commun|ce|co cy |hc Che|rmen & Vene¸|n¸ ||rcc|or, |¹|C |n h|s |c||cr oe|co Vey 29, 2OO1 eoorcssco |o Sccrc|ery
Gcncre|, 0n||co |e||ons.
|¹|C hes pos|co |hc cr|cf of G|oce| Compec| eno ||s comm||mcn| |o |hc pr|nc|p|cs of GC on ||s vccs||c e| vvv.n|pc.
co.|n . ¹hc pr|nc|p|cs of GC vcrc commun|ce|co |o e|| cmp|oyccs |hrou¸h |n ÷ housc me¸ez|ncs, |n|crne| |re|n|n¸
pro¸remmcs eno pos|crs. |¹|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 /nnue| Convcn||on of |hc G|oce| Compec| |c|vor| e| Vumce| eno /s|e
|ec|nc |c¸|one| Conc|evc e| |cv |c|h|. |¹|C rcprcscn|e||vc con|r|cu|co es fecu||y for ver|ous |re|n|n¸ pro¸remmcs
or¸en|zco cy GC| for G|oce| Compec| Vcmccr Or¸en|ze||ons |n Chcnne| eno |c|h|.
|¹|C |s |n |hc proccss of prcper|n¸ ||s ¨Corpore|c Sus|e|nec||||y |cpor|' covcr|n¸ |conom|c, |nv|ronmcn|e| eno Soc|e|
espcc|s v||h |hc ¨|r|p|c co||om ||nc' epproech cesco on v|oc|y ecccp|co eno upoe|co G|oce| |cpor||n¸ ln|||e||vc ,G|l)
Gu|oc||ncs.
Human Rights: Principle 1-2
Vos| of |¹|C's opcre||n¸ povcr s|e||ons erc |oce|co |n rcmo|c rure| erces vh|ch erc soc|o-cconom|ce||y cec|vero eno
ocnc|cn| |n |hc ces|c c|v|c emcn|||cs. |¹|C, es rcspons|c|c corpore|c c|||zcn hes cccn eoorcss|n¸ |hc |ssuc of commun||y
ocvc|opmcn| |s |hc nc|¸hcourhooo erces of ||s s|e||ons |mpec|co ouc |o cs|ec||shmcn| of |hc pro¦cc|, |n|||e||y es per| of
|csc|||cmcn| eno |chec||||e||on ,|&|) cffor| con||nuco sucscqucn||y unocr |hc ¨Commun||y |cvc|opmcn| ,C|) |o||cy'.
|ccp|n¸ |n v|cv |hc chen¸co bus|ncss cnv|ronmcn|, G|oce| prec||ccs eno oc|e||co ¸u|oc||ncs |ssuco from |||, V|n|s|ry
of |cevy lnous|ry & |uc||c |n|crpr|scs, rcv|sco CS| Commun||y |cvc|opmcn| ,C|) po||cy of |¹|C hes cccn epprovco cy
boero of ||rcc|ors |n /u¸us| 2O1O.
0nocr |h|s po||cy, our|n¸ 2O1O-11, your Compeny hes |e|cn up e |er¸c numccr of ec||v|||cs for cerry|n¸ ou| comprchcns|vc
Commun||y |cvc|opmcn| vor| |n |hc erce of hce||h, couce||on, or|n||n¸ ve|cr eno pcr|phcre| ocvc|opmcn| |n |hc
nc|¸hcourhooo of 2O opcre||n¸ s|e||ons. ln eoo|||on, Oue|||y C|rc|cs ,OCs) erc func||on|n¸ |n nc|¸hcorhooo v|||e¸cs of ||s
s|e||ons. |¹|C cmp|oyccs per||c|pe|c |n ver|ous C| ec||v|||cs |hrou¸h |mp|oycc vo|un|ery Or¸en|ze||on for ln|||e||vc |n
Commun||y |mpovcrmcn| ,|vOlC|).
|¹|C suppor|co/ comm|||co suppor| |o ver|ous lns|||u||ons/ boo|cs eno unocr|oo| |n|||e||vcs for me¦or ec||v|||cs |||c sc|f
rc||encc for |r|ce| ¸|r|s/ vomcn, cons|ruc||on of ¸|r|s hos|c|, cons|ruc||on of schoo| sum mu|||-purposc cu||o|n¸, prcpere||on
eno ocvc|opmcn| of /uo|o S|uoy me|cr|e| for v|sue||y che||cn¸co pcrsons, cons|ruc||on of houscs for effcc|co pcop|c
ouc |o oeme¸c ceusco cy c|ouo curs| |n /u¸us| 2O1O |n |ch, cons|ruc||on of roeo, supp|y of or|n||n¸ ve|cr |hrou¸h
p|pc||nc |o v|||e¸cs, cons|ruc||on of e cr|o¸c ovcr ore|n, c|c.
|¹|C mcmccrs vcrc ec||vc|y |nvo|vco |n rcv|cvs of oref| prcpere||on of ¨lSO 2oOOO Gu|oencc on Soc|e| |cspons|c||||y
eno |hc |mp||ce||ons for |cvc|op|n¸ Coun|r|cs' cy burceu of lno|en S|enoero ,blS) eno per||c|pe|co rc¸u|er|y |n ver|ous
vor|shops/ mcc||n¸s |n |hc cepec||y of ¨|nous|ry cxpcr|s on CS|'.
|¹|C |s e|so mcmccr of Corpore|c |ouno|ec|c on |cvc|opmcn| of S|re|c¸|cs for |nv|ronmcn| ,Co||) |n|||e|co cy ¹||l eno
|s suppor||n¸ ||s pr|nc|p|cs ou|||nco |n |hc Co|| sus|e|nec||||y Cher|cr orevn from ln|crne||one| Chemccr of Commcrcc's
bus|ncss Cher|cr for Sus|e|nec|c |cvc|opmcn|.
|¹|C hes e|so eoop|co |hc Soc|e| Cooc fremco cy lno|e per|ncrsh|p |orum promo|co cy Confcocre||on of lno|en
lnous|r|cs ,Cll) eno 0||| eno |s c|osc|y essoc|e|co v||h burceu of lno|en S|enoero ,blS) |n forme||on of ¨S|enoero on
Gooo Govcrnencc' eno v||h V|n|s|ry of Corpore|c /ffe|rs |n oref||n¸ |ref| |e||one| vo|un|ery Gu|oc||ncs on Soc|e|,
|nv|ronmcn|e| & |conom|c rcspons|c|||||cs of bus|ncss.
Ve¦or ec||v|||cs |e|cn up cy |¹|C |n |h|s erce erc h|¸h||¸h|co unocr |hc hceo ¨lnc|us|vc Grov|h' eno ¨|¹|C |ounoe||on'
unocr ||rcc|ors' |cpor| for |hc /nnue| |cpor| 2O1O-11.
Labour Standard: Principle 3-6
|or eoorcss|n¸ |hc |ssuc of |ecour s|enoero |n comprchcns|vc menncr, |¹|C hes occ|oco |o eoop| |n|crne||one| s|enoeros
|||c S/-8OOO eno O|S/S-18OO1.
35
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Annual Report 2010-2011 1O4
|ur|n¸ |hc ycer 2O1O-11, |eves eno |eyem|u|em ¸o| /ccrco||e||on for S/-8OOO. /n|e, |ere||e, |er|oeceo, !henor-Genoher,
eno S|mheor| s|e||ons of |¹|C ¸o| rcve||oe|co for eccrco||e||on for S/-8OOO eno Survc|||encc /uo|| for |hc semc ves
conouc|co e| O9 S|e||ons |.c. /n|e, /ure|ye, beoerpur, |ere||e, |er|oeceo, !henor-Genoher, |eves, ||heno eno S|mheor|.
|cve||oe||on for S/-8OOO |s |n proccss e| |eme¸unoem, S|n¸reu|| eno 0ncheher.
Environment: Principle 7-9
|¹|C hes |e|cn e numccr of |n|||e||vcs |overos prcscrve||on of |hc cnv|ronmcn| cy prov|o|n¸ s|e|c-of-|hc er| po||u||on
con|ro| sys|cms, rc¸u|er cnv|ronmcn| mon||or|n¸ eno ¦uo|c|ous usc of ne|ure| rcsourccs, eoop||on of eovencco eno h|¸h
cfnc|cncy |cchno|o¸|cs such es supcr cr|||ce| co||crs for |hc up-com|n¸ pro¦cc|s ,S|pe|, S|e¸c-l). ||¸h cfnc|cncy ||cc|ro-
s|e||c |rcc|p||e|ors ,|S|s) v||h cfnc|cncy of |hc orocr of 99.9% or h|¸hcr v||h eovencco |S| con|ro| sys|cms hevc cccn
prov|oco |n e|| coe| cesco p|en|s.
|or |ns|||u||one| s|rcn¸|hcn|n¸, |¹|C or¸en|zco spcc|e||zco |re|n|n¸ pro¸remmcs |n 2O1O-11 v|z '|nv|ronmcn| Vene¸cmcn|,
C||me|c Chen¸c & Cercon V|||¸e||on' for cxccu||vcs o|rcc||y vor||n¸ for |nv|ronmcn| func||ons, '|nv|ronmcn|e| Conccrns'
for |hc cxccu||vcs vor||n¸ |n non |nv|ronmcn| func||ons eno 'lns|¸h| |n|o |hc |nv|ronmcn| Vene¸cmcn|' for h|¸h |cvc|
cxccu||vcs
Ve¦or ec||v|||cs |e|cn up cy |¹|C |n |hc erce of |nv|ronmcn| erc h|¸h||¸h|co unocr |hc hceo ¨|nv|ronmcn| Vene¸cmcn|'
unocr ||rcc|ors' |cpor| for |hc /nnue| |cpor| 2O1O-11.
Anti-corruption: Principle 10
|¹|C hes e v|¸||encc |cper|mcn| hceoco cy Ch|cf v|¸||encc Ofnccr, e nom|ncc of |hc Ccn|re| v|¸||encc Comm|ss|on. ¹hc
four un||s of v|¸||encc |cp||, nemc|y Corpore|c v|¸||encc Cc||, |cper|mcn|e| |roccco|n¸ Cc|| ,|l|C), VlS Cc||, ¹cchn|ce|
Cc|| ,¹C) oce| v||h ver|ous fecc|s of v|¸||encc Vcchen|sm. |xc|us|vc & |nocpcnocn| func||on|n¸ of |hcsc un||s cnsurc
|renspercncy, oc¦cc||v||y eno que|||y |n v|¸||encc func||on|n¸. ¹hc v|¸||encc |cper|mcn| sucm||s ||s rcpor|s |o Compc|cn|
/u|hor||y |nc|uo|n¸ |hc boero of ||rcc|ors. ¹hc CvO e|so rcpor|s |o |hc Ccn|re| v|¸||encc Comm|ss|on es pcr |hc|r norms.
Ve¦or ec||v|||cs |e|cn up cy |¹|C |n |hc erce rc¸ero|n¸ lmp|cmcn|e||on of ln|c¸r||y |ec|, lmp|cmcn|e||on of |reuo |o||cy,
|rcvcn||vc v|¸||encc \or|shops eno v|¸||encc /vercncss \cc| c|c. erc h|¸h||¸h|co unocr |hc hceo ¨v|¸||encc' unocr
||rcc|ors' |cpor| for |hc /nnue| |cpor| 2O1O-11.
||ecc : |cv |c|h|
|e|co : /u¸us| O4, 2O11
|or eno on cche|f of |hc boero of ||rcc|ors
,/rup |oy Chouohury)
Che|rmen & Vene¸|n¸ ||rcc|or
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Annex-X to Directors’ Report
The quantity of ash produced, ash utilized and percentage of such utilization during the FY 2010-11 from NTPC
Stations is as under:
Sl. No. Stations Ash Produced Ash Utilization % Utilization
Lakh MTs Lakh MTs %
1 beoerpur 11.O5 9.8o 89.23
2 |eor| 25.5O 21.O1 82.4O
3 S|n¸reu|| 4O.49 24.3O oO.O2
4 ||heno 29.O5 17.58 oO.52
5 0ncheher 23.21 2O.27 87.33
o ¹enoe 11.59 o.9o oO.O4
7 |orce 53.4O 21.4O 4O.O8
8 v|nohyeche| 5O.74 32.O9 o3.25
9 S|pe| 22.O9 2.32 1O.52
1O |eme¸unoem 4o 2o.11 o4.22
11 S|mheor| 21.92 13.1o oO.O4
12 |ere||e 24.81 21.57 8o.94
13 |ehe|¸eon 38.12 9.12 23.93
14 ¹e|chcr-¹hcrme| 11.93 11.93 1OO.OO
15 ¹e|chcr-|en|he o7.49 22.oO 38.48
Total 472.05 260.28 55.14
||ecc : |cv |c|h|
|e|co : /u¸us| O4, 2O11
|or eno on cche|f of |hc boero of ||rcc|ors
,/rup |oy Chouohury)
Che|rmen & Vene¸|n¸ ||rcc|or
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ACCOUNTING POLICIES
1. BASIS OF PREPARATION
¹hc 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
¹hc 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. /||hou¸h 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 rcco¸n|zco |n |hc pcr|oo |n vh|ch |hc rcsu||s erc
crys|e|||zco.
3. GRANTS-IN-AID
3.1 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 eo¦us|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.
3.2 \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 eo¦us|co
|n |hc cerry|n¸ cos| of such essc|s.
3.3 Gren|s from Govcrnmcn| eno o|hcr e¸cnc|cs |overos rcvcnuc cxpcno||urc erc rcco¸n|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.
4. FIXED ASSETS
4.1 ||xco /ssc|s erc cerr|co e| h|s|or|ce| cos| |css eccumu|e|co ocprcc|e||on/emor||se||on.
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 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-
|ro¸rcss |||| |hc pcr|oo of comp|c||on eno |hcrcef|cr |n |hc ||xco /ssc|s.
4.5 |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.
4.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 suc¦cc| |o ncccssery eo¦us|mcn| |n |hc ycer of nne| sc|||cmcn|.
4.7 /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.
5. CAPITAL WORK-IN-PROGRESS
5.1 ln rcspcc| of supp|y-cum-crcc||on con|rec|s, |hc ve|uc of supp||cs rccc|vco e| s||c eno ecccp|co |s |rce|co es
Cep||e| \or|-|n-|ro¸rcss.
5.2 /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.
5.3 |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.
5.4 0nsc|||co ||ec||||y for pr|cc ver|e||on/cxchen¸c 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. OIL AND GAS EXPLORATION COSTS
o.1 ¹hc Compeny fo||ovs 'Succcssfu| |ffor|s Vc|hoo' for eccoun||n¸ of o|| & ¸es cxp|ore||on ec||v|||cs.
o.2 Cos| of survcys eno prospcc||n¸ ec||v|||cs conouc|co |n scerch of o|| eno ¸es erc cxpcnsco off |n |hc ycer |n
vh|ch |hcsc erc |ncurrco.
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Annual Report 2010-2011 1O7
o.3 /cqu|s|||on eno cxp|ore||on cos|s erc |n|||e||y cep||e||zco es '|xp|ore|ory \c||s-|n-|ro¸rcss' unocr Cep||e|
\or|-|n-|ro¸rcss.
7. DEVELOPMENT OF COAL MINES
|xpcno||urc on cxp|ore||on of ncv coe| ocpos||s |s cep||e||zco es '|cvc|opmcn| of coe| m|ncs' unocr Cep||e| \or|-
|n-|ro¸rcss |||| |hc m|ncs pro¦cc| |s crou¸h| |o rcvcnuc eccoun|.
8. FOREIGN CURRENCY TRANSACTIONS
8.1 |orc|¸n currcncy |rensec||ons erc |n|||e||y rccoroco e| |hc re|cs of cxchen¸c ru||n¸ e| |hc oe|c of |rensec||on.
8.2 /| |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 cxchen¸c re|c ru||n¸ e| |hc oe|c of |rensec||on.
8.3 |xchen¸c o|ffcrcnccs ,|oss), er|s|n¸ from |rens|e||on of forc|¸n currcncy |oens rc|e||n¸ |o nxco essc|s/cep||e|
vor|-|n-pro¸rcss |o |hc cx|cn| rc¸eroco es en eo¦us|mcn| |o |n|crcs| cos| erc |rce|co es corrov|n¸ cos|.
8.4 |xchen¸c o|ffcrcnccs er|s|n¸ from sc|||cmcn| / |rens|e||on of forc|¸n currcncy |oens ,o|hcr |hen rc¸eroco es
corrov|n¸ cos|), ocpos||s / ||ec|||||cs rc|e||n¸ |o nxco essc|s / cep||e| vor|-|n-pro¸rcss |n rcspcc| of |rensec||ons
cn|crco pr|or |o O1.O4.2OO4, erc eo¦us|co |n |hc cerry|n¸ cos| of rc|e|co essc|s. Such cxchen¸c 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 eo¦us|co |n |hc cerry|n¸ cos| of rc|e|co essc|s.
8.5 O|hcr cxchen¸c o|ffcrcnccs erc rcco¸n|zco es |ncomc or cxpcnsc |n |hc pcr|oo |n vh|ch |hcy er|sc.
9. 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 evcre¸c ce|encc of cep||e| vor|-|n-pro¸rcss for |hc ycer.
O|hcr corrov|n¸ cos|s erc rcco¸n|sco es en cxpcnsc |n |hc pcr|oo |n vh|ch |hcy erc |ncurrco.
10. INVESTMENTS
1O.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.
1O.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.
1O.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.
11. INVENTORIES
11.1 lnvcn|or|cs erc ve|uco e| |hc |ovcr of, cos| oc|crm|nco on vc|¸h|co evcre¸c ces|s, eno nc| rce||zec|c ve|uc.
11.2 ¹hc 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.
12. PROFIT AND LOSS ACCOUNT
12.1 l|COV| ||COG|l¹lO|
12.1.1 Se|c of cncr¸y |s eccoun|co for cesco on |er|ff re|cs epprovco cy |hc Ccn|re| ||cc|r|c||y |c¸u|e|ory
Comm|ss|on ,C||C) es moo|nco cy |hc orocrs of /ppc||e|c ¹r|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.
12.1.2 /ovencc e¸e|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
cher¸co.
12.1.3 |xchen¸c o|ffcrcnccs on eccoun| of |rens|e||on of forc|¸n currcncy corrov|n¸s rccovcrec|c from or
peyec|c |o |hc ccncnc|er|cs |n sucscqucn| pcr|oos es pcr C||C ¹er|ff |c¸u|e||ons erc eccoun|co es
'|cfcrrco |orc|¸n Currcncy ||uc|ue||on /ssc|/||ec||||y'. ¹hc |ncrcesc or occrcesc |n ocprcc|e||on or
|n|crcs| eno nnencc cher¸cs for |hc ycer ouc |o |hc eccoun||n¸ of such cxchen¸c o|ffcrcnccs es pcr
eccoun||n¸ po||cy no. 8 |s eo¦us|co |n se|cs.
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Annual Report 2010-2011 1O8
12.1.4 |xchen¸c 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 ¹er|ff |c¸u|e||ons erc eccoun|co es '|cfcrrco |orc|¸n Currcncy
||uc|ue||on /ssc|/||ec||||y' our|n¸ cons|ruc||on pcr|oo eno eo¦us|co |n |hc ycer |n vh|ch |hc semc
cccomcs rccovcrec|c/peyec|c.
12.1.5 ¹hc surcher¸c on |e|c peymcn|/ovcrouc sunory occ|ors for se|c of cncr¸y |s rcco¸n|zco vhcn no
s|¸n|ncen| unccr|e|n|y es |o mcesurec||||y or co||cc|ec||||y cx|s|s.
12.1.o ln|crcs|/surcher¸c rccovcrec|c on eovenccs |o supp||crs es vc|| es verren|y c|e|ms/||qu|oe|co oeme¸cs
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.
12.1.7 lncomc from consu||ency scrv|ccs |s eccoun|co for on |hc ces|s of ec|ue| pro¸rcss/|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 rcco¸n|zco es o|hcr |ncomc, es pcr |hc |crms of consu||ency scrv|cc con|rec|s.
12.1.8 Screp o|hcr |hen s|cc| screp |s eccoun|co for es eno vhcn so|o.
12.1.9 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.
12.2 |×||||l¹0||
12.2.1 |cprcc|e||on on |hc essc|s of |hc ¸cncre||on of c|cc|r|c||y cus|ncss |s cher¸co on s|re|¸h| ||nc mc|hoo
fo||ov|n¸ |hc re|cs eno mc|hooo|o¸y no||nco cy |hc C||C ¹er|ff |c¸u|e||ons, 2OO9.
12.2.2 |cprcc|e||on on |hc essc|s of |hc coe| m|n|n¸, o|| & ¸es cxp|ore||on eno consu||ency cus|ncss, |s
cher¸co 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.
12.2.3 |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|n¸s |nc|uo|n¸ |hc|r |n|crne| c|cc|r|nce||on. 15 ycers
- non-rcs|ocn||e| cu||o|n¸s |nc|uo|n¸ |hc|r |n|crne| c|cc|r|nce||on, ve|cr
supp|y, scvcre¸c & ore|ne¸c vor|s, re||vey s|o|n¸s, 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 |ex Vech|ncs 5 ycers
c) \e|cr coo|crs eno |cfr|¸cre|ors 12 ycers
12.2.4 |cprcc|e||on on eoo|||ons |o/ocouc||ons from nxco essc|s our|n¸ |hc ycer |s cher¸co 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|.
12.2.5 /ssc|s cos||n¸ up |o ` 5OOO/- erc fu||y ocprcc|e|co |n |hc ycer of ecqu|s|||on.
12.2.o Cos| of sof|verc rcco¸n|zco es |n|en¸|c|c essc|, |s emor||sco on s|re|¸h| ||nc mc|hoo ovcr e pcr|oo
of |c¸e| 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 |c¸e| r|¸h| |o usc fo||ov|n¸ |hc re|cs eno mc|hooo|o¸y no||nco cy C||C
¹er|ff |c¸u|e||ons, 2OO9.
12.2.7 \hcrc |hc cos| of ocprcc|ec|c essc|s hes unocr¸onc e chen¸c our|n¸ |hc ycer ouc |o |ncrcesc/
occrcesc |n |on¸ |crm ||ec|||||cs on eccoun| of cxchen¸c nuc|ue||on, pr|cc eo¦us|mcn|, chen¸c |n
ou||cs or s|m||er fec|ors, |hc unemor||sco ce|encc of such essc| |s cher¸co off prospcc||vc|y e| |hc
re|cs eno mc|hooo|o¸y no||nco cy C||C ¹er|ff |c¸u|e||ons, 2OO9/ rcv|sco uscfu| ||fc oc|crm|nco cesco
on re|cs spcc|nco |n Schcou|c ×lv of |hc Compen|cs /c|, 195o.
12.2.8 \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 cher¸co off prospcc||vc|y
ovcr |hc rcv|sco uscfu| ||fc oc|crm|nco cy |cchn|ce| esscssmcn|.
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12.2.9 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 |rrc¸u|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 e| |hc re|cs eno mc|hooo|o¸y no||nco cy C||C ¹er|ff |c¸u|e||ons,
2OO9 for such ||cms of p|en| eno mech|ncry.
12.2.1O 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 pro¦cc| 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 cher¸co off |o rcvcnuc.
12.2.11 |cescho|o |eno eno cu||o|n¸s erc fu||y emor||sco ovcr 25 ycers or |cesc pcr|oo vh|chcvcr |s |css
fo||ov|n¸ |hc re|cs eno mc|hooo|o¸y no||nco cy C||C ¹er|ff |c¸u|e||ons, 2OO9. |cescho|o |eno
ecqu|rco on pcrpc|ue| |cesc |s no| emor||sco.
12.2.12 |eno ecqu|rco unocr Coe| bcer|n¸ /rces ,/cqu|s|||on & |cvc|opmcn|) /c|, 1957 |s emor||sco on |hc
ces|s of |cesc pcr|oo or ce|encc uscfu| ||fc of |hc rcspcc||vc pro¦cc| vh|chcvcr |s |css.
12.2.13 |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 cher¸co |o rcvcnuc |n |hc ycer |ncurrco.
12.2.14 |rc||m|nery cxpcnscs on eccoun| of ncv pro¦cc|s |ncurrco pr|or |o epprove| of fces|c||||y rcpor|/
|cchno cconom|c c|cerencc erc cher¸co |o rcvcnuc.
12.2.15 /c|uer|e| ¸e|ns/|osscs |n rcspcc| of '|mp|oycc bcncn| ||ens' erc rcco¸n|sco |n |hc s|e|cmcn| of |ron|
& |oss /ccoun|.
12.2.1o |c| prc-comm|ss|on|n¸ |ncomc/cxpcno||urc |s eo¦us|co o|rcc||y |n |hc cos| of rc|e|co essc|s eno
sys|cms.
12.2.17 |rcpe|o cxpcnscs eno pr|or pcr|oo cxpcnscs/|ncomc of ||cms of `1OO,OOO/- eno cc|ov erc cher¸co
|o ne|ure| hceos of eccoun|s.
12.2.18 Cerpc| coe| |s cher¸co off |o coe| consump||on. |ovcvcr, our|n¸ prc-comm|ss|on|n¸ pcr|oo, cerpc|
coe| |s rc|e|nco |n |nvcn|or|cs eno cher¸co off |o consump||on |n |hc nrs| ycer of commcrc|e| opcre||on.
¹rens|| eno heno||n¸ |osscs of coe| es pcr norms erc |nc|uoco |n cos| of coe|.
13. LEASES
13.1 |l|/|C| ||/S|
13.1.1 /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.
13.1.2 |cprcc|e||on on |hc essc|s |e|cn on nnencc |cesc |s cher¸co e| |hc re|c epp||cec|c |o s|m||er |ypc of
nxco essc|s es pcr eccoun||n¸ po||cy no. 12.2.1 or 12.2.2. 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 cher¸co ovcr ||s uscfu| ||fc or |cesc pcr|oo,
vh|chcvcr |s |css.
13.1.3 |cesc peymcn|s erc eppor||onco cc|vccn |hc nnencc cher¸cs eno ou|s|eno|n¸ ||ec||||y |n rcspcc| of
essc|s |e|cn on |cesc.
13.2 O|||/¹l|G ||/S|
/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 cher¸co |o rcvcnuc.
14. PROVISIONS AND CONTINGENT LIABILITIES
/ prov|s|on |s rcco¸n|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 mene¸cmcn| 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||n¸cn| ||ec|||||cs erc o|sc|osco on |hc ces|s of ¦uo¸mcn| of
|hc mene¸cmcn|/|nocpcnocn| cxpcr|s. ¹hcsc erc rcv|cvco e| cech ce|encc shcc| oe|c eno erc eo¦us|co |o rcncc|
|hc currcn| mene¸cmcn| cs||me|c.
15. 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'.
35
th
Annual Report 2010-2011 11O
BALANCE SHEET
` crorc
As at March 31, SC|||0|| 2011 2O1O
SOURCES OF FUNDS
SHAREHOLDERS’ FUNDS
Sherc cep||e| 1 8,245.46 8,245.4o
|cscrvcs eno surp|us 2 59,646.79 54,191.9o
67,892.25 o2,437.42
DEFERRED REVENUE ON ACCOUNT OF ADVANCE AGAINST DEPRECIATION 3 792.05 1,o1O.84
DEFERRED INCOME FROM FOREIGN CURRENCY FLUCTUATION 62.43 -
LOAN FUNDS
Sccurco |oens 4 9,910.68 9,O79.92
0nsccurco |oens 5 33,277.56 28,717.1O
43,188.24 37,797.O2
DEFERRED FOREIGN CURRENCY FLUCTUATION LIABILITY 96.54 o1.O5
DEFERRED TAX LIABILITY (Net) 4,554.40 3,O49.41
|css: |ccovcrec|c 3,951.45 2,84O.1o
602.95 2O9.25
TOTAL 112,634.46 1O2,115.58
APPLICATION OF FUNDS
FIXED ASSETS
Gross b|oc| o 72,755.15 oo,85O.O7
|css: |cprcc|e||on//mor||se||on 33,519.19 32,O88.78
|c| b|oc| 39,235.96 34,7o1.29
Cep||e| \or|-|n-|ro¸rcss 7 33,326.34 2o,7o2.39
Cons|ruc||on s|orcs eno eovenccs 8 4,944.29 5,341.92
77,506.59 oo,8o5.oO
INVESTMENTS 9 12,344.84 14,8O7.O9
DEFERRED FOREIGN CURRENCY FLUCTUATION ASSET 459.15 3o5.17
CURRENT ASSETS, LOANS AND ADVANCES
lnvcn|or|cs 1O 3,639.12 3,347.71
Sunory occ|ors 11 7,924.31 o,o51.4o
Cesh eno cen| ce|enccs 12 16,185.26 14,459.48
O|hcr currcn| essc|s 13 1,046.97 844.O4
|oens eno eovenccs 14 6,601.13 5,513.11
35,396.79 3O,815.8O
LESS: CURRENT LIABILITIES AND PROVISIONS
Currcn| ||ec|||||cs 15 10,320.48 7,o87.58
|rov|s|ons 1o 2,752.43 3,O7O.58
13,072.91 1O,758.1o
|c| currcn| essc|s 22,323.88 2O,O57.o4
DEFERRED EXPENDITURE FROM FOREIGN CURRENCY FLUCTUATION - 2O.O8
TOTAL 112,634.46 1O2,115.58
|o|cs on eccoun|s 2o
Schcou|cs 1 |o 2o eno eccoun||n¸ po||c|cs form en |n|c¸re| per| of eccoun|s.
|or eno on cche|f of |hc boero of ||rcc|ors
, /.|.|es|o¸|) ,/.|.S|n¸he|) , /rup |oy Chouohury)
Compeny Sccrc|ery ||rcc|or ,||nencc) Che|rmen & Vene¸|n¸ ||rcc|or
/s pcr our rcpor| of cvcn oe|c
|or |ess Gup|e & /ssoc|e|cs |or |.|.Son| & Co. |or verme & verme
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,/sho| |umer !e|n) ,S.S. Son|) ,C.G. |en|e¦e|shen)
|er|ncr |er|ncr |er|ncr
V |9O5o3 V |94227 V |2O512
|or |ere|h & Co. |or b.C. !e|n & Co. |or S.|. Vch|e & Co.
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,v.|. Ven|r|) ,||shech !e|n) ,|oh|| Vch|e)
|er|ncr |er|ncr |er|ncr
V |74o78 V |o.4OO912 V.|91382
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O11
35
th
Annual Report 2010-2011 111
|or eno on cche|f of |hc boero of ||rcc|ors
, /.|.|es|o¸|) ,/.|.S|n¸he|) , /rup |oy Chouohury)
Compeny Sccrc|ery ||rcc|or ,||nencc) Che|rmen & Vene¸|n¸ ||rcc|or
/s pcr our rcpor| of cvcn oe|c
|or |ess Gup|e & /ssoc|e|cs |or |.|.Son| & Co. |or verme & verme
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,/sho| |umer !e|n) ,S.S. Son|) ,C.G. |en|e¦e|shen)
|er|ncr |er|ncr |er|ncr
V |9O5o3 V |94227 V |2O512
|or |ere|h & Co. |or b.C. !e|n & Co. |or S.|. Vch|e & Co.
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,v.|. Ven|r|) ,||shech !e|n) ,|oh|| Vch|e)
|er|ncr |er|ncr |er|ncr
V |74o78 V |o.4OO912 V.|91382
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O11
PROFIT & LOSS ACCOUNT
` crorc
For the year ended March 31, SC|||0|| 2011 2O1O
INCOME
Se|cs ,Gross) 17 55,152.01 4o,5o8.48
|css: ||cc|r|c||y ou|y 278.01 245.89
Se|cs ,|c|) 54,874.00 4o,322.59
|ncr¸y |n|crne||y consumco 64.68 55.1O
|rov|s|ons vr|||cn cec| 18 7.81 12.77
O|hcr |ncomc 19 2,460.81 2,85o.19
Total 57,407.30 49,24o.o5
EXPENDITURE
|uc| 35,373.78 29,4o2.74
|mp|oyccs' rcmuncre||on eno ccncn|s 2O 2,789.71 2,412.3o
Gcncre||on, eom|n|s|re||on & o|hcr cxpcnscs 21 2,646.01 2,O94.O3
|cprcc|e||on//mor||se||on 2,485.69 2,o5O.Oo
|rov|s|ons 22 1,552.15 1O.9O
ln|crcs| eno nnencc cher¸cs 23 2,149.08 1,8O8.93
Total 46,996.42 38,439.O2
Pro?t before Tax and Prior Period Adjustments 10,410.88 1O,8O7.o3
|r|or |cr|oo |ncomc/ cxpcno||urc ,nc|) 24 (1,638.72) ,77.83)
Pro?t before tax 12,049.60 1O,885.4o
Provision for :
Currcn| |ex
Currcn| ycer 2,497.30 2,47O.84
|er||cr ycers 56.02 ,525.4O)
|r|n¸c bcncn| |ex
|er||cr ycers - 2.o9
|cfcrrco |ex
Currcn| ycer 133.24 2O9.13
|er||cr ycers 260.45 -
2,947.01 2,157.2o
Pro?t after tax 9,102.59 8,728.2O
be|encc crou¸h| forvero 29.59 15.O3
\r||c cec| from bono |cocmp||on |cscrvc 250.00 2OO.OO
be|encc eve||ec|c for eppropr|e||on 9,382.18 8,943.23
Appropriations
¹rensfcr |o bonos |cocmp||on |cscrvc 494.94 497.78
¹rensfcr |o Cep||e| |cscrvc 6.87 4.97
¹rensfcr |o Gcncre| |cscrvc 5,200.00 4,75O.OO
||v|ocno
ln|cr|m 2,473.63 2,473.o4
||ne| - proposco 659.63 o59.o3
¹ex on ||v|ocno
ln|cr|m 410.84 42O.4O
||ne| 103.93 1O7.22
Balance carried to Balance Sheet 32.34 29.59
Expenditure during construction period (net) 25
|ern|n¸ |cr Sherc ,|qu||y shercs, fecc ve|uc ` 1O/- cech) - bes|c eno |||u|co ,`) 11.04 1O.59
|o|cs on /ccoun|s 2o
Schcou|cs 1 |o 2o eno eccoun||n¸ po||c|cs form en |n|c¸re| per| of eccoun|s.
35
th
Annual Report 2010-2011 112
CASH FLOW STATEMENT
` crorc
For the year ended March 31, 2011 2O1O
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Pro?t before tax and Prior Period Adjustments 10,410.88 1O,8O7.o3
Adjustment for:
|cprcc|e||on 2,485.69 2,o5O.Oo
|r|or pcr|oo ocprcc|e||on (1,113.05) 1o.55
|rov|s|ons 1,552.15 1O.9O
|cfcrrco rcvcnuc on eccoun| of eovencc e¸e|ns| ocprcc|e||on (818.79) ,325.17)
|cfcrrco forc|¸n currcncy nuc|ue||on essc|s/||ec||||y (58.48) o14.8O
|cfcrrco |ncomc from forc|¸n currcncy nuc|ue||on 90.46 ,o4O.Oo)
ln|crcs| cher¸cs 3,104.40 2,519.34
Gueren|cc fcc & o|hcr nnencc cher¸cs 60.03 o3.37
ln|crcs|/|ncomc on conos/|nvcs|mcn|s (852.93) ,1,OO7.99)
|r|or pcr|oo eo¦us|mcn|s ,|c|) 1,638.72 77.83
||v|ocno |ncomc (35.13) ,17.34)
|rov|s|ons vr|||cn cec| (7.81) ,12.77)
bonos |ssuc eno scrv|c|n¸ cxpcnscs 2.44 2.44
|ron| on o|spose| of nxco essc|s (8.16) ,o.99)
|oss on o|spose| of nxco essc|s 60.87 27.o4
6,100.41 3,972.o1
Operating Pro?t before Working Capital Changes 16,511.29 14,78O.24
Adjustment for:
¹reoc eno o|hcr rccc|vec|cs (2,804.13) ,3,Oo7.21)
lnvcn|or|cs (169.75) 11.91
¹reoc peyec|cs eno o|hcr ||ec|||||cs 1,478.65 ,5o4.47)
|oens eno eovenccs (693.34) 2,125.93
O|hcr currcn| essc|s (273.12) o4.3O
(2,461.69) ,1,429.54)
Cash generated from operations 14,049.60 13,35O.7O
||rcc| |excs pe|o (2,954.40) ,2,739.95)
Net Cash from Operating Activities - A 11,095.20 1O,o1O.75
B. CASH FLOW FROM INVESTING ACTIVITIES
|urchesc of nxco essc|s (11,114.96) ,1O,79O.59)
||spose| of nxco essc|s 29.42 3.95
|urchesc of |nvcs|mcn|s (15,848.17) ,1O,52O.79)
Se|c of |nvcs|mcn| 19,268.07 1O,439.52
lnvcs|mcn| |n sucs|o|er|cs/¦o|n| vcn|urcs (957.65) ,742.51)
|oens & eovenccs |o sucs|o|er|cs 6.19 2.17
ln|crcs|/|ncomc on conos/|nvcs|mcn| rccc|vco 923.12 1,O79.11
lncomc |ex on |n|crcs|/|ncomc on conos/|nvcs|mcn| - ,2.5o)
||v|ocno rccc|vco 35.13 17.34
Net cash used in Investing activities - B (7,658.85) ,1O,514.3o)
C. CASH FLOW FROM FINANCING ACTIVITIES
|rocccos from |on¸ |crm corrov|n¸s 9,845.01 o,982.25
|cpeymcn| of |on¸ |crm corrov|n¸s (4,797.45) ,2,o54.7o)
ln|crcs| pe|o (3,040.55) ,2,5O7.21)
Gueren|cc fcc & o|hcr nnencc cher¸cs pe|o (63.82) ,o2.75)
||v|ocno pe|o (3,133.26) ,3,133.27)
¹ex on o|v|ocno (518.06) ,53O.3o)
bonos |ssuc eno scrv|c|n¸ cxpcnscs (2.44) ,2.44)
Net cash ?ow from ?nancing activities - C (1,710.57) ,1,9O8.54)
|c| |ncrcesc/occrcesc |n cesh eno cesh cqu|ve|cn|s ,/+b+C) 1,725.78 ,1,812.15)
Cesh eno cesh cqu|ve|cn|s ,Opcn|n¸ ce|encc) * 14,459.48 1o,271.o3
Cesh eno cesh cqu|ve|cn|s ,C|os|n¸ ce|encc) * 16,185.26 14,459.48
|or eno on cche|f of |hc boero of ||rcc|ors
, /.|.|es|o¸|) ,/.|.S|n¸he|) , /rup |oy Chouohury)
Compeny Sccrc|ery ||rcc|or ,||nencc) Che|rmen & Vene¸|n¸ ||rcc|or
/s pcr our rcpor| of cvcn oe|c
|or |ess Gup|e & /ssoc|e|cs |or |.|.Son| & Co. |or verme & verme
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,/sho| |umer !e|n) ,S.S. Son|) ,C.G. |en|e¦e|shen)
|er|ncr |er|ncr |er|ncr
V |9O5o3 V |94227 V |2O512
|or |ere|h & Co. |or b.C. !e|n & Co. |or S.|. Vch|e & Co.
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,v.|. Ven|r|) ,||shech !e|n) ,|oh|| Vch|e)
|er|ncr |er|ncr |er|ncr
V |74o78 V |o.4OO912 V.|91382
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O11
|O¹|S
1. Cesh eno Cesh |qu|ve|cn|s cons|s|s of Cesh |n |eno eno ce|encc v||h ben|s
2. |rcv|ous ycer 's n¸urcs hevc cccn rc¸roupco/rcerren¸co vhcrcvcr cons|ocrco ncccssery.
*lnc|uocs ` 10.25 crore ,prcv|ous ycer ` 22.57 crorc) of unc|e|mco o|v|ocno.
*lnc|uocs ` 11.69 crore ,prcv|ous ycer ` 11.o9 crorc) ocpos||co es sccur||y v||h Govcrnmcn| & o|hcr eu|hor|||cs vh|ch erc no| eve||ec|c for usc.
35
th
Annual Report 2010-2011 113
Schedules to the Balance Sheet
` crorc
As at March 31, 2011 2O1O
Schedule 1
SHARE CAPITAL
AUTHORISED
1O,OO,OO,OO,OOO cqu||y shercs of ` 1O/- cech ,prcv|ous
ycer 1O,OO,OO,OO,OOO cqu||y shercs of ` 1O/- cech) 10,000.00 1O,OOO.OO
ISSUED, SUBSCRIBED AND PAID-UP
8,24,54,o4,4OO cqu||y shercs of ` 1O/- cech fu||y pe|o-up , prcv|ous
ycer 8,24,54,o4,4OO cqu||y shercs of ` 1O/- cech fu||y pe|o-up) 8,245.46 8,245.4o
Schedule 2
RESERVES AND SURPLUS
Cep||e| |cscrvc
/s pcr |es| be|encc Shcc| 144.74 139.72
/oo : ¹rensfcr from |ron| & |oss /ccoun| 6.87 4.97
/oo : Gren|s rccc|vco our|n¸ |hc ycer 0.27 O.O5
151.88 144.74
Sccur||y |rcm|um /ccoun| 2,228.11 2,228.11
bonos |cocmp||on |cscrvc
/s pcr |es| be|encc Shcc| 1,986.72 1,o88.94
/oo : ¹rensfcr from |ron| & |oss /ccoun| 494.94 497.78
|css : \r||c cec| our|n¸ |hc ycer 250.00 2OO.OO
2,231.66 1,98o.72
Gcncre| |cscrvc
/s pcr |es| be|encc Shcc| 49,802.80 45,O52.8O
/oo : ¹rensfcr from |ron| & |oss /ccoun| 5,200.00 4,75O.OO
55,002.80 49,8O2.8O
Surp|us |n |ron| & |oss /ccoun| 32.34 29.59
Total 59,646.79 54,191.9o
Schedule 3
DEFERRED REVENUE ON ACCOUNT OF ADVANCE AGAINST DEPRECIATION
/s pcr |es| be|encc Shcc| 1,610.84 1,931
/oo : |cvcnuc ocfcrrco our|n¸ |hc ycer 27.73 24.41
|css: |cvcnuc rcvcrsco our|n¸ |hc ycer 39.28 32.8O
|css: |cvcnuc rcco¸n|sco our|n¸ |hc ycer 807.24 31o.78
Total 792.05 1,o1O.84
35
th
Annual Report 2010-2011 114
Schedules to the Balance Sheet
` crorc
As at March 31, 2011 2O1O
Schedule 4
SECURED LOANS
Bonds
1O.OO% Sccurco |on-Convcr||c|c ¹exec|c bonos of ` 1O,OO,OOO/- cech v||h nvc cque| Scpere|c|y
¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per e| |hc cno of |hc o
|h
ycer eno |n ennue|
|ns|e|mcn|s |hcrcef|cr up|o |hc cno of 1O
|h
ycer rcspcc||vc|y from 5
|h
Scp|cmccr 2OO1 ,¹vc|f|h lssuc -
|r|ve|c ||eccmcn|)
1
100.00 2OO.OO
9.55% Sccurco |on-Cumu|e||vc |on-Convcr||c|c ¹exec|c |coccmec|c bonos 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 ,¹h|r|ccn|h lssuc -|er| / - |r|ve|c ||eccmcn|)
2
525.00 oOO.OO
9.55% Sccurco |on-Cumu|e||vc |on-Convcr||c|c ¹exec|c |coccmec|c bonos of ` 1O,OO,OOO/- cech v||h
|cn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per e| |hc cno of |hc
o
|h
ycer eno |n ennue| |ns|e|mcn|s |hcrcef|cr up|o |hc cno of 15
|h
ycer rcspcc||vc|y from 3O
|h
/pr|| 2OO2
,¹h|r|ccn|h lssuc - |er| b - |r|ve|c ||eccmcn|)
2
525.00 oOO.OO
8.OO% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 1O
|h
/pr|| 2O18 ,S|x|ccn|h lssuc -|r|ve|c ||eccmcn|)
3
100.00 1OO.OO
8.48% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 1
s|
Vey 2O23 ,Scvcn|ccn|h lssuc - |r|ve|c ||eccmcn|)
3
50.00 5O.OO
5.95% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech v||h
nvc cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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 1O
|h
ycer rcspcc||vc|y from 15
|h
Scp|cmccr 2OO3
,||¸h|ccn|h lssuc - |r|ve|c ||eccmcn|)
4
300.00 4OO.OO
7.5O% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 12
|h
!enuery 2O19 ,||nc|ccn|h lssuc - |r|ve|c ||eccmcn|)
5
50.00 5O.OO
7.552% Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 2O,OO,OOO/- cech
v||h |vcn|y cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-
ennue||y commcnc|n¸ from 23
ro
Scp|cmccr 2OO9 eno cno|n¸ on 23
ro
Verch 2O19 ,¹vcn||c|h lssuc - |r|ve|c
||eccmcn|)
o
400.00 45O.OO
7.7125% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 2O,OO,OOO/- cech
v||h |vcn|y cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-
ennue||y commcnc|n¸ from 2
no
/u¸us| 2O1O eno cno|n¸ on 2
no
|ccruery 2O2O ,¹vcn|y nrs| |ssuc - |r|ve|c
||eccmcn|)
7
900.00 1,OOO.OO
8.1771% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 2O,OO,OOO/- cech
v||h |vcn|y cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-
ennue||y commcnc|n¸ from 2
no
!u|y 2O11 eno cno|n¸ on 2
no
!enuery 2O21 ,¹vcn|y sccono |ssuc - |r|ve|c
||eccmcn|)
8
500.00 5OO.OO
8.379o% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 2O,OO,OOO/- cech
v||h |vcn|y cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-
ennue||y commcnc|n¸ from 5
|h
/u¸us| 2O11 eno cno|n¸ on 5
|h
|ccruery 2O21 ,¹vcn|y |h|ro |ssuc - |r|ve|c
||eccmcn|)
8
500.00 5OO.OO
8.oO77% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 2O,OO,OOO/- cech
v||h |vcn|y cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-
ennue||y commcnc|n¸ from 9
|h
Scp|cmccr 2O11 eno cno|n¸ on 9
|h
Verch 2O21 ,¹vcn|y four|h |ssuc -
|r|ve|c ||eccmcn|)
8
500.00 5OO.OO
9.37% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 7O,OO,OOO/- cech v||h
four|ccn Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-ennue||y
commcnc|n¸ from 4
|h
!unc 2O12 eno cno|n¸ on 4
|h
|cccmccr 2O18 ,¹vcn|y nf|h |ssuc - |r|ve|c ||eccmcn|)
9
500.00 5OO.OO
9.Oo% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 7O,OO,OOO/- cech v||h
four|ccn Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-ennue||y
commcnc|n¸ from 4
|h
!unc 2O12 eno cno|n¸ on 4
|h
|cccmccr 2O18 ,¹vcn|y s|x|h |ssuc - |r|ve|c
||eccmcn|)
9
500.00 5OO.OO
11.25% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per |n nvc cque| ennue| |ns|e|mcn|s commcnc|n¸ from o
|h
|ovcmccr 2O19 eno cno|n¸ on
o
|h
|ovcmccr 2O23 ,¹vcn|y scvcn|h |ssuc - |r|ve|c ||eccmcn|)
9
350.00 35O.OO
11% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 21
s|
|ovcmccr 2O18 ,¹vcn|y ||¸h|h |ssuc - |r|ve|c ||eccmcn|)
9
1,000.00 1,OOO.OO
8.o5% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 4
|h
|ccruery 2O19 ,¹vcn|y n|n|h |ssuc - |r|ve|c ||eccmcn|)
9
550.00 55O.OO
35
th
Annual Report 2010-2011 115
Schedules to the Balance Sheet
` crorc
As at March 31, 2011 2O1O
Schedule 4
SECURED LOANS
7.89% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 5
|h
Vey 2O19 ,¹h|r||c|h |ssuc - |r|ve|c ||eccmcn|)
9
700.00 7OO.OO
8.78 % Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 9
|h
Verch 2O2O ,¹h|r|y nrs| |ssuc- |r|ve|c ||eccmcn|)
9
500.00 -
8.8493% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 15,OO,OOO/- cech
v||h nf|ccn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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 25
|h
Verch 2O1o eno cno|n¸ on 25
|h
Verch 2O3O ,¹h|r|y sccono lssuc - |r|ve|c ||eccmcn|)
9
105.00 -
8.73 % Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 31
s|
Verch 2O2O ,¹h|r|y |h|ro |ssuc- |r|ve|c ||eccmcn|)
9
195.00 -
8.71% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 15,OO,OOO/- cech v||h
nf|ccn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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 1O
|h

!unc 2O1o eno cno|n¸ on 1O
|h
!unc 2O3O ,¹h|r|y four|h lssuc - |r|ve|c ||eccmcn|)
9
150.00 -
8.785% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 15,OO,OOO/- cech v||h
nf|ccn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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 15
|h

Scp|cmccr 2O1o eno cno|n¸ on 15
|h
Scp|cmccr 2O3O ,¹h|r|y nf|h lssuc - |r|ve|c ||eccmcn|)
9
120.00 -
8.8O8o% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 15,OO,OOO/- cech
v||h nf|ccn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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 15
|h
|cccmccr 2O1o eno cno|n¸ on 15
|h
|cccmccr 2O3O ,¹h|r|y s|x|h lssuc - |r|ve|c ||eccmcn|)
9
75.00 -
8.93% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 19
|h
!enuery 2O21 ,¹h|r|y scvcn|h lssuc - |r|ve|c ||eccmcn|)
9
300.00 -
Loans and Advances from Banks
|orc|¸n Currcncy ¹crm |oens ,Gueren|cco cy Govcrnmcn| of lno|e) ,|uc for rcpeymcn| v||h|n onc ycer
` 156.78 crore, prcv|ous ycer ` 137.53 crorc)
1O
414.47 528.o5
Other Loans and Advances
Oc||¸e||ons unocr nnencc |cesc ,|uc for rcpeymcn| v||h|n onc ycer ` 0.56 crore, prcv|ous ycer ` 4
crorc)
11
1.21 1.27
TOTAL 9,910.68 9,O79.92
Notes :
1 Sccurco cy ,l) |n¸||sh mor|¸e¸c, on nrs| cher¸c 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|n¸reu|| Supcr ¹hcrme| |ovcr S|e||on, /n|e Ges |ovcr S|e||on, /ure|ye Ges |ovcr
S|e||on, berh Supcr ¹hcrme| |ovcr |ro¦cc|, |ere||e Supcr ¹hcrme| |ovcr S|e||on, |ehe|¸eon Supcr ¹hcrme| |ovcr S|e||on, |o|oem |yoc| |ovcr
|ro¦cc|, S|mheor| Supcr ¹hcrme| |ovcr |ro¦cc|, S|pe| Supcr ¹hcrme| |ovcr |ro¦cc|, ¹e|chcr ¹hcrme| |ovcr S|e||on, ¹e|chcr Supcr ¹hcrme| |ovcr
|ro¦cc|, ¹enoe ¹hcrme| |ovcr S|e||on, v|nohyeche| Supcr ¹hcrme| |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 |ro¦cc| eno ¹epoven-v|shnu¸eo |yoro |ovcr |ro¦cc| es nrs| cher¸c,
ren||n¸ per|-pessu v||h cher¸c, |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 Vor|¸e¸c, cy vey of nrs| cher¸c, cy ocpos|| of ||||c occos of |hc |mmovec|c propcr||cs
pcr|e|n|n¸ |o S|n¸reu|| Supcr ¹hcrme| |ovcr S|e||on.
2 Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c 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|n¸reu|| Supcr ¹hcrme| |ovcr S|e||on, /n|e Ges |ovcr S|e||on, /ure|ye Ges
|ovcr S|e||on, berh Supcr ¹hcrme| |ovcr |ro¦cc|, |ere||e Supcr ¹hcrme| |ovcr S|e||on, |ehe|¸eon Supcr ¹hcrme| |ovcr S|e||on, |o|oem |yoc|
|ovcr |ro¦cc|, S|mheor| Supcr ¹hcrme| |ovcr |ro¦cc|, S|pe| Supcr ¹hcrme| |ovcr |ro¦cc|, ¹e|chcr ¹hcrme| |ovcr S|e||on, ¹e|chcr Supcr ¹hcrme|
|ovcr |ro¦cc|, ¹enoe ¹hcrme| |ovcr S|e||on, v|nohyeche| Supcr ¹hcrme| |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 |ro¦cc| eno ¹epoven-v|shnu¸eo |yoro |ovcr |ro¦cc| es nrs|
cher¸c, ren||n¸ per|-pessu v||h cher¸c, |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|¸e¸c of |hc |mmovec|c propcr||cs, on nrs| per|-pessu cher¸c ces|s, pcr|e|n|n¸ |o
S|n¸reu|| Supcr ¹hcrme| |ovcr S|e||on cy cx|cns|on of cher¸c e|rceoy crce|co.
3 Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |qu||ec|c mor|¸e¸c,
cy vey of nrs| cher¸c, cy ocpos|| of ||||c occos of |hc |mmovec|c propcr||cs pcr|e|n|n¸ |o |e||one| Cep||e| |ovcr S|e||on.
35
th
Annual Report 2010-2011 11o
Schedules to the Balance Sheet
Schedule 4
SECURED LOANS
Notes :
4 Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c 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|n¸reu|| Supcr ¹hcrme| |ovcr S|e||on, /n|e Ges |ovcr S|e||on, /ure|ye Ges
|ovcr S|e||on, berh Supcr ¹hcrme| |ovcr |ro¦cc|, |ere||e Supcr ¹hcrme| |ovcr S|e||on, |ehe|¸eon Supcr ¹hcrme| |ovcr S|e||on, |o|oem |yoc|
|ovcr |ro¦cc|, S|mheor| Supcr ¹hcrme| |ovcr |ro¦cc|, S|pe| Supcr ¹hcrme| |ovcr |ro¦cc|, ¹e|chcr ¹hcrme| |ovcr S|e||on, ¹e|chcr Supcr ¹hcrme|
|ovcr |ro¦cc|, ¹enoe ¹hcrme| |ovcr S|e||on, v|nohyeche| Supcr ¹hcrme| |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 |ro¦cc| eno ¹epoven-v|shnu¸eo |yoro |ovcr |ro¦cc| es nrs|
cher¸c, ren||n¸ per|-pessu v||h cher¸c, |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|¸e¸c of |hc |mmovec|c propcr||cs, on nrs| per|-pessu cher¸c ces|s, pcr|e|n|n¸ |o
|e||one| Cep||e| |ovcr S|e||on cy cx|cns|on of cher¸c e|rceoy crce|co.
5 Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c 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|n¸reu|| Supcr ¹hcrme| |ovcr S|e||on, /n|e Ges |ovcr S|e||on, /ure|ye
Ges |ovcr S|e||on, berh Supcr ¹hcrme| |ovcr |ro¦cc|, |ere||e Supcr ¹hcrme| |ovcr S|e||on, |ehe|¸eon Supcr ¹hcrme| |ovcr S|e||on, |o|oem
|yoc| |ovcr |ro¦cc|, S|mheor| Supcr ¹hcrme| |ovcr |ro¦cc|, S|pe| Supcr ¹hcrme| |ovcr |ro¦cc|, ¹e|chcr ¹hcrme| |ovcr S|e||on, ¹e|chcr Supcr
¹hcrme| |ovcr |ro¦cc|, ¹enoe ¹hcrme| |ovcr S|e||on, v|nohyeche| Supcr ¹hcrme| |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 |ro¦cc| eno ¹epoven-v|shnu¸eo |yoro |ovcr |ro¦cc| es
nrs| cher¸c, ren||n¸ per|-pessu v||h cher¸c, |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|.
o Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |qu||ec|c mor|¸e¸c,
cy vey of nrs| cher¸c, cy ocpos|| of ||||c occos of |hc |mmovec|c propcr||cs pcr|e|n|n¸ |o |eme¸unoem Supcr ¹hcrme| |ovcr S|e||on.
7 Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c 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 ¹hcrme| |ovcr |ro¦cc| on nrs| per|-pesu cher¸c ces|s, ren||n¸ per|
pessu v||h cher¸c e|rceoy crce|co |n fevour of ¹rus|cc for o|hcr Scr|cs of bonos eno ,lll) |qu||ec|c mor|¸e¸c of |hc |mmovec|c propcr||cs, on
nrs| per|-pessu cher¸c ces|s, pcr|e|n|n¸ |o |eme¸unoem Supcr ¹hcrme| |ovcr S|e||on cy cx|cns|on of cher¸c e|rceoy crce|co.
8 Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll)|qu||ec|c mor|¸e¸c,
cy vey of nrs| cher¸c, cy ocpos|| of |hc ||||c occos of |hc |mmovec|c propcr||cs pcr|e|n|n¸ |o S|pe| Supcr ¹hcrme| |ovcr |ro¦cc|.
9 Sccurco cy ,l) |n¸||sh mor|¸e¸c, on nrs| per| pessu cher¸c ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |qu||ec|c mor|¸e¸c
of |hc |mmovec|c propcr||cs, on nrs| per|-pessu cher¸c ces|s, pcr|e|n|n¸ |o S|pe| Supcr ¹hcrme| |ovcr |ro¦cc| cy cx|cns|on of cher¸c e|rceoy
crce|co.
1O Sccurco cy |n¸||sh mor|¸e¸c/hypo|hcce||on of e|| |hc prcscn| eno fu|urc nxco eno movec|c essc|s of ||heno Supcr ¹hcrme| |ovcr S|e||on es
nrs| cher¸c, ren||n¸ per|-pessu v||h cher¸c e|rceoy crce|co, suc¦cc| |o hovcvcr, Compeny's ben|cr's nrs| cher¸c on ccr|e|n movec|c essc|s
hypho|hcce|co |o |hcm for vor||n¸ cep||e| rcqu|rcmcn|.
11 Sccurco e¸e|ns| nxco essc|s oc|e|nco unocr nnencc |cesc.
Note:
Sccur||y covcr mcn||onco for s|. no. 1 |o 9 |s ecovc 1OO% of |hc occ| sccur|||cs ou|s|eno|n¸.
35
th
Annual Report 2010-2011 117
Schedules to the Balance Sheet
` crorc
As at March 31, 2011 2O1O
Schedule 5
UNSECURED LOANS
Fixed Deposits 13.26 13.39
,|uc for rcpeymcn| v||h|n onc ycer ` 0.87 crore, prcv|ous ycer ` O.58 crorc)
Bonds
8.78 % Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 9
|h
Verch 2O2O ,¹h|r|y nrs| |ssuc- |r|ve|c ||eccmcn|)*
- 5OO.OO
8.8493% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 15,OO,OOO/- cech
v||h nf|ccn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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
25
|h
Verch 2O1o eno cno|n¸ on 25
|h
Verch 2O3O ,¹h|r|y sccono |ssuc - |r|ve|c ||eccmcn|)*
- 1O5.OO
8.73 % Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 31
s|
Verch 2O2O ,¹h|r|y |h|ro |ssuc- |r|ve|c ||eccmcn|)*
- 195.OO
9.17 % Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 15,OO,OOO/- cech v||h
nf|ccn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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 22
no

Verch 2O17 eno cno|n¸ on 22
no
Verch 2O31 ,¹h|r|y c|¸h|h |ssuc- |r|ve|c ||eccmcn|)**
75.00 -
Foreign Currency Bonds / Notes
5.5O % |uroconos ,|uc for rcpeymcn| v||h|n onc ycer ` Nil, prcv|ous ycer ` 913.4O crorc) - 913.4O
5.875 % ||xco |e|c |o|cs ouc for rcpeymcn| on 2
no
Verch 2O1o 1,356.90 1,37O.1O
Loans and Advances
|rom ben|s eno ||nenc|e| lns|||u||ons
|orc|¸n currcncy |crm |oens ,Gueren|cco cy Govcrnmcn| of lno|e) ,|uc for rcpeymcn| v||h|n onc ycer
` 121.16 crore, prcv|ous ycer ` oO.97 crorc)
2,884.39 2,o38.29
O|hcr forc|¸n currcncy |crm |oens ,|uc for rcpeymcn| v||h|n onc ycer ` 647.39 crore, prcv|ous ycer
` 588.42 crorc)
6,035.20 4,9O3.4O
|upcc |crm |oens ,|uc for rcpeymcn| v||h|n onc ycer ` 1,874.67 crore, prcv|ous ycer ` 1,79O.71 crorc) 22,912.81 18,O78.52
TOTAL 33,277.56 28,717.1O
* S|ncc sccur||sco eno o|sc|osco |n Sccurco |oens.
** ¹o cc sccurco cy rc¸|s|crco/cqu||ec|c mor|¸e¸c on |mmovec|c propcr||cs/hypo|hcce||on of movec|c essc|s.
35
th
Annual Report 2010-2011 118
Schedules to the Balance Sheet
Schedule 6
FIXED ASSETS
` crorc
Gross b|oc| |cprcc|e||on//mor||se||on Net Block
/s e| |couc||ons/ As at 0p|o |or |couc||ons/ Upto As at /s e|
O1.O4.2O1O /oo|||ons /o¦us|mcn|s 31.03.2011 31.O3.2O1O |hc ycer /o¦us|mcn|s 31.03.2011 31.03.2011 31.O3.2O1O
TANGIBLE ASSETS
|eno :
,|nc|uo|n¸ ocvc|opmcn| cxpcnscs)
|rccho|o 1,749.74 97.7O ,14.23) 1,861.67 - - - - 1,861.67 1,749.74
|cescho|o 479.3o 14.99 ,4.32) 498.67 o1.24 23.7O ,2O.95) 105.89 392.78 418.12
|oeos,cr|o¸cs, cu|vcr|s & hc||peos 453.17 o1.4O O.45 514.12 95.42 2o.4O ,31.92) 153.74 360.38 357.75
bu||o|n¸ :
|rccho|o
Ve|n p|en| 2,7Oo.98 174.72 ,4.4o) 2,886.16 1,O91.83 7O.11 33.42 1,128.52 1,757.64 1,o15.15
O|hcrs 2,O15.33 7o.28 ,1O.25) 2,101.86 579.1O 124.31 ,o5.O5) 768.46 1,333.40 1,43o.23
|cescho|o 5O.O4 - ,O.53) 50.57 18.95 2.55 ,O.52) 22.02 28.55 31.O9
¹cmporery crcc||on 32.37 1.24 3.8o 29.75 32.37 1.3o 3.98 29.75 - -
\e|cr Supp|y, ore|ne¸c & scvcre¸c
sys|cm
581.53 o.79 ,7) 588.99 257.81 21.14 o.1o 272.79 316.20 323.72
VG| |rec| eno s|¸ne|||n¸ sys|cm 9OO.5O 151.8O ,2o.88) 1,079.18 55O.11 28.oo 23.3O 555.47 523.71 35O.39
|e||vey s|o|n¸ 289.39 - O.O2 289.37 118.o4 15.3o ,2.87) 136.87 152.50 17O.75
|er|h oem rcscrvo|r 179.8O - O.11 179.69 o4.25 9.o3 ,8.15) 82.03 97.66 115.55
||en| eno mech|ncry 55,78o.89 4,322.91 ,ooO.1O) 60,769.90 28,2o1.71 2,2O9.o7 1,222.54 29,248.84 31,521.06 27,525.18
|urn||urc, nx|urcs & o|hcr ofncc
cqu|pmcn|
448.7O 41.52 8.14 482.08 274.1O 21.51 13.14 282.47 199.61 174.oO
|||, \| mech|ncs eno se|com
cqu|pmcn|
337.87 21.o1 o.88 352.60 227.39 24.44 17.27 234.56 118.04 11O.48
vch|c|cs |nc|uo|n¸ spccocoe|s 9.58 2.78 1.29 11.07 o.58 O.47 1.38 5.67 5.40 3.OO
Cons|ruc||on cqu|pmcn|s 12o.8o 19.77 8.4O 138.23 72.48 7.Oo 8.92 70.62 67.61 54.38
||cc|r|ce| |ns|e||e||ons 279.oO 2o.19 2.35 303.44 131.83 11.O5 3.9o 138.92 164.52 147.77
Commun|ce||on cqu|pmcn|s 82.98 5.oo O.O7 88.57 4O.88 4.41 O.35 44.94 43.63 42.1O
|osp||e| cqu|pmcn|s 24.79 2.oo O.1O 27.35 14.98 9 O.8O 14.87 12.48 9.81
|ecore|ory eno vor|shop
cqu|pmcn|s
23.O5 o.53 ,O.O7) 29.65 1O.78 O.85 O.47 11.16 18.49 12.27
|cesco essc|s - vch|c|cs 2.2O O.59 O.34 2.45 1.O1 O.59 O.29 1.31 1.14 1.19
Cep||e| cxpcno||urc on essc|s no|
ovnco cy |hc Compeny
18o.3o 4.2O 19.35 171.21 112.84 15.5o 7.o5 120.75 50.46 73.52
/ssc|s of Govcrnmcn| 2.84 - - 2.84 - - - - 2.84 2.84
|css:Gren|s from Govcrnmcn| 2.84 - - 2.84 - - - - 2.84 2.84
/ssc|s hc|o for o|spose| ve|uco e|
nc| coo| ve|uc or nc| rce||sec|c ve|uc
vh|chcvcr |s |css
2.o5 O.19 O.7O 2.14 - - - - 2.14 2.o5
INTANGIBLE ASSETS
||¸h| of 0sc - |eno 5.7o 3 ,O.O7) 6.46 O.25 1.O4 - 1.29 5.17 5.51
-O|hcrs 8.41 1O1.oo ,89.45) 199.52 O.O9 5.82 ,O.75) 6.66 192.86 8.32
Sof|verc 8o.1o 4.oO O.31 90.45 o4.14 17.42 ,O.O3) 81.59 8.86 22.O2
Total 66,850.07 5,146.42 (758.66) 72,755.15 32,088.78 2,643.80 1,213.39 33,519.19 39,235.96 34,761.29
|rcv|ous ycer o2,353.O5 4,592.O1 94.99 oo,85O.O7 29,415.32 2,77o.81 1O3.35 32,O88.78 34,7o1.29 32,937.73
` crorc
2011 2O1O
Deduction/Adjustments from Gross Block for the year includes:
||spose|/rc||rcmcn| of essc|s 163.13 134.41
Cos| eo¦us|mcn|s (806.15) 5
/ssc|s cep||e||sco v||h rc|rospcc||vc cffcc| / vr||c cec| of cxccss cep||e||se||on (128.52) ,55.73)
O|hcrs 12.88 1O.2o
(758.66) 94.99
35
th
Annual Report 2010-2011 119
Schedules to the Balance Sheet
Schedule 6
FIXED ASSETS
` crorc
2011 2O1O
Deduction/Adjustments from Depreciation/Amortisation for the year includes:
||spose|/|c||rcmcn| of essc|s 81.00 1O9.81
/ssc|s cep||e||sco v||h rc|rospcc||vc cffcc| / \r||c cec| of cxccss cep||e||se||on 1,121.08 ,1o.o2)
O|hcrs 11.31 1O.1o
1,213.39 1O3.35
Depreciation/Amortisation for the year is allocated as given below:
Cher¸co |o |ron| & |oss /ccoun| 2,485.69 2,o5O.Oo
/||oce|co |o |hc fuc| cos| 124.87 119.55
¹rensfcrrco |o cxpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) -,Schcou|c 25) 24.77 19.21
¹rensfcrrco |o ocvc|opmcn| of coe| m|ncs 0.52 O.2o
/o¦us|mcn| v||h ocffcrco |ncomc/cxpcnsc from ocfcrrco forc|¸n currcncy nuc|ue||on 7.95 ,12.27)
2,643.80 2,77o.81
Schedule 7
CAPITAL WORK-IN-PROGRESS
/s e| |couc||ons & As at
O1.O4.2O1O /oo|||ons /o¦us|mcn|s Cep||e||sco 31.03.2011
|cvc|opmcn| of |eno 352.14 o2.29 5.95 O.24 408.24
|oeos, cr|o¸cs, cu|vcr|s & hc||peos 48.O1 51.95 2O.23 o1.4O 18.33
||||n¸ eno founoe||on o31.5O 37.4O 1o3.oo - 505.24
bu||o|n¸s :
Ve|n p|en| 1,792.o7 94O.52 153.o5 174.72 2,404.82
O|hcrs 3o4.27 1oo.33 73.21 73.17 384.22
¹cmporery crcc||on 1.oO 7.57 1.O1 7 7.49
\e|cr supp|y, ore|ne¸c eno scvcre¸c sys|cm 43.O3 21.OO 4.73 o.2o 53.04
|yoreu||c vor|s, cerre¸cs, oems, |unnc|s eno povcr chennc| 2,3O3.92 4O9.O1 199.o5 - 2,513.28
VG| |rec| eno s|¸ne|||n¸ sys|cm 341.58 1O3.84 52.4O 151.8O 241.22
|e||vey s|o|n¸ 1O5.91 48.o5 O.23 - 154.33
|er|h oem rcscrvo|r 1Oo.o3 12.82 - - 119.45
||en| eno mech|ncry 19,841.24 1O,574.21 352.oo 4,232.o3 25,830.16
|urn||urc, nx|urcs eno o|hcr ofncc cqu|pmcn| 5.42 7.OO 3 2.95 8.84
|||/\| mech|ncs & se|com cqu|pmcn| 1.O1 1.o8 O.O4 O.43 2.22
vch|c|cs O.17 - ,O.O1) 0.18
Cons|ruc||on cqu|pmcn|s O.O1 O.3O - O.13 0.18
||cc|r|ce| |ns|e||e||ons 47.1o 1OO.21 9.9o 23.35 114.06
Commun|ce||on cqu|pmcn| 2.OO O.37 O.5o 1.54 0.27
|osp||e| cqu|pmcn|s O.O1 - ,O.18) - 0.19
|ecore|ory eno vor|shop cqu|pmcn|s O.1o - ,2.O8) - 2.24
ln|en¸|c|c essc|s - sof|verc O.55 - O.52 - 0.03
Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc compeny 1o5.31 9.7o 158.13 4.2O 12.74
|xp|ore|ory vc||s-|n-pro¸rcss 7.o4 O.O1 - - 7.65
|cvc|opmcn| of coe| m|ncs 135.81 59.24 - - 195.05
2o,297.75 12,o14.1o 1,194.95 4,733.49 32,983.47
Expenditure pending allocation
Survcy, |nvcs||¸e||on, consu||ency eno supcrv|s|on cher¸cs 83.28 1.47 2.42 - 82.33
||ffcrcncc |n cxchen¸c on forc|¸n currcncy |oens ,24o.3O) ,9) 27.93 - (280.32)
|xpcno||urc |overos o|vcrs|on of forcs| |eno 1o8.O3 - 14.47 - 153.56
|rc-comm|s|on|n¸ cxpcnscs ,nc|) O.24 77.79 23.87 - 54.16
|xpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) 473.82 2,424.12* 174.2O - 2,723.74
|css: /||oce|co |o rc|e|co vor|s - 2,371.o9 - - 2,371.69
2o,77o.82 12,739.7o 1,437.84 4,733.49 33,345.25
|css: |rov|s|on for unscrv|ccec|c vor|s 14.43 9.29 4.81 - 18.91
Total 2o,7o2.39 12,73O.47 1,433.O3 4,733.49 33,326.34
|rcv|ous ycer 21,221.12 9,795.99 ,8o.8o) 4,341.58 2o,7o2.39
* brou¸h| from cxpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) - Schcou|c 25
35
th
Annual Report 2010-2011 12O
Schedules to the Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 8
CONSTRUCTION STORES AND ADVANCES
CONSTRUCTION STORES *
,/| cos|)
S|cc| 868.72 981.oO
Ccmcn| 37.94 22.27
O|hcrs 1,263.77 935.37
2,170.43 1,939.24
|css: |rov|s|on for shor|e¸cs 1.44 1.22
2,168.99 1,938.O2
ADVANCES FOR CAPITAL EXPENDITURE
Sccurco 17.36 O.41
0nsccurco, cons|ocrco ¸ooo
Covcrco cy cen| ¸ueren|ccs 1,673.50 2,o2o.42
O|hcrs 1,084.44 777.O7
Cons|ocrco oouc|fu| 2.21 2.23
2,777.51 3,4Oo.13
|css:|rov|s|on for ceo & oouc|fu| eovenccs 2.21 2.23
2,775.30 3,4O3.9O
Total 4,944.29 5,341.92
* lnc|uocs me|cr|e| |n |rens||, unocr |nspcc||on eno v||h con|rec|ors 1,500.74 1,178.17
As at March 31, 2011 2O1O
Schedule 9
INVESTMENTS
,ve|ue||on es pcr /ccoun||n¸ |o||cy |o.1O) |umccr of |ecc ve|uc pcr
shercs/conos/ sherc/cono/
sccur|||cs sccur||y
Currcn| /cer/
,|rcv|ous /cer)
Currcn| /cer/
,|rcv|ous /cer)
,`)
I. LONG TERM (Trade - unless otherwise speci?ed)
A) Quoted
Equity Shares (fully paid-up)
|¹C lno|e ||o. 12OOOOOO
,12OOOOOO)
1O
,1O)
12.00 12.OO
Sub Total (A) 12.00 12.OO
B) Unquoted (fully paid-up)
a) Bonds
i) 8.50 % Tax-Free State Government Special Bonds of the
Government of ( # )
/nohre |reocsh o3O325O
,75o39OO)
1OOO
,1OOO)
630.33 75o.39
/ssem 25732O
,3O8784)
1OOO
,1OOO)
25.73 3O.88
b|her 9472OOO
,113oo4OO)
1OOO
,1OOO)
947.20 1,13o.o4
Che|||s¸erh 241o1OO
,289932O)
1OOO
,1OOO)
241.61 289.93
35
th
Annual Report 2010-2011 121
As at March 31, 2011 2O1O
Schedule 9 (Cont.)
INVESTMENTS
,ve|ue||on es pcr /ccoun||n¸ |o||cy |o.1O) |umccr of |ecc ve|uc pcr
shercs/conos/ sherc/cono/
sccur|||cs sccur||y
Currcn| /cer/
,|rcv|ous /cer)
Currcn| /cer/
,|rcv|ous /cer)
,`)
Gu¦ere| 418o2OO
,5O2344O)
1OOO
,1OOO)
418.62 5O2.34
|eryene 5375OOO
,o45OOOO)
1OOO
,1OOO)
537.50 o45.OO
||meche| |reocsh 1oo94O
,2OO328)
1OOO
,1OOO)
16.69 2O.O3
!emmu eno |eshm|r 183o8OO
,22O41oO)
1OOO
,1OOO)
183.68 22O.42
!her|heno 48OOo1o
,57oO73o)
1OOO
,1OOO)
480.06 577
|cre|e 5O12OOO
,oO144OO)
1OOO
,1OOO)
501.20 oO1.44
Veohye |reocsh 41542OO
,4985O4O)
1OOO
,1OOO)
415.42 498.5O
Veheresh|re 19O7OOO
,22884OO)
1OOO
,1OOO)
190.70 228.84
Or|sse 551437O
,oo17244)
1OOO
,1OOO)
551.44 oo1.72
|un¦ec 173115O
,2O7738O)
1OOO
,1OOO)
173.11 2O7.74
|e¦es|hen 58OOOO
,87OOOO)
1OOO
,1OOO)
58.00 87.OO
S||||m 17O98O
,2O517o)
1OOO
,1OOO)
17.10 2O.52
0||er |reocsh 199495OO
,239394OO)
1OOO
,1OOO)
1,994.95 2,393.94
0||erenche| 199825O
,23979OO)
1OOO
,1OOO)
199.83 239.79
\cs| bcn¸e| 587124O
,7O45488)
1OOO
,1OOO)
587.12 7O4.55
b) Equity Shares in Joint Venture Companies
0|||||y |ovcr|cch ||o. ,|nc|uocs 1,OOO,OOO conus shercs) 2OOOOOO
,2OOOOOO)
1O
,1O)
1.00 1.OO
|¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o. 3OOOOOO
,3OOOOOO)
1O
,1O)
3.00 3.OO
|¹|C-S/l| |ovcr Compeny |r|ve|c ||o. 47525OO5O
,47525OO5O)
1O
,1O)
475.25 475.25
|¹|C-¹em|| |eou |ncr¸y Compeny ||o. 581OOOOOO
,425OOOOOO)
1O
,1O)
581.00 425.OO
|e|ne¸|r| Ges & |ovcr |r|ve|c ||o. o929OOOOO
,5929OOOOO)
1O
,1O)
692.90 592.9O
/reve|| |ovcr Compeny |r|ve|c ||o. o585242OO
,o585242OO)
1O
,1O)
658.52 o58.52
|¹|C-SCC| G|oce| vcn|urcs |r|ve|c ||o. 5OOOO
,5OOOO)
1O
,1O)
0.05 O.O5
|¹|C b||| |ovcr |ro¦cc|s |r|ve|c ||o. 25OOOOOO
,25OOOOOO)
1O
,1O)
25.00 25.OO
Vc¦e 0r¦e ||¸em |r|ve|c ||o. 734298OO
,3O1798OO)
1O
,1O)
73.43 3O.18
Schedules to the Balance Sheet ` crorc
35
th
Annual Report 2010-2011 122
As at March 31, 2011 2O1O
Schedule 9 (Cont.)
INVESTMENTS
,ve|ue||on es pcr /ccoun||n¸ |o||cy |o.1O) |umccr of |ecc ve|uc pcr
shercs/conos/ sherc/cono/
sccur|||cs sccur||y
Currcn| /cer/
,|rcv|ous /cer)
Currcn| /cer/
,|rcv|ous /cer)
,`)
b|-|¹|C |ncr¸y Sys|cms ||o. 588OOOO
,1O29OOO)
1O
,1O)
5.88 1.O3
|e||one| |ovcr |xchen¸c ||o. 2188o25
,8335OO)
1O
,1O)
2.19 O.83
|ec|ne¸er |ovcr Gcncre||n¸ Compeny |r|ve|c ||o. 153OOOOOO
,5OOOO)
1O
,1O)
153.00 O.O5
¹rensformcr eno ||cc|r|ce| |cre|e ||o. 191o3438
,191o3438)
1O
,1O)
31.34 31.34
|e||one| ||¸h |ovcr ¹cs| |ecor|ory |r|ve|c ||o. 2o25OOO
,875OOO)
1O
,1O)
2.62 O.88
ln|crne||one| Coe| vcn|urcs |v|. ||o. 14OOOOO
,1OOOOO)
1O
,1O)
1.40 O.1O
|ncr¸y |fnc|cn|cy Scrv|ccs ||o. o25OOO
,O)
1O
,O)
0.63 -
c) Equity Shares in Subsidiary Companies
||pevev |ovcr |cvc|opmcn| Compeny ||o. -
,375OOO)
-
,1O)
- O.38
|¹|C ||cc|r|c Supp|y Compeny ||o. 8O91O
,8O91O)
1O
,1O)
0.08 O.O8
|¹|C v|oyu| vyeper ||¸em ||o. 2OOOOOOO
,2OOOOOOO)
1O
,1O)
20.00 2O.OO
|¹|C |yoro ||o. 1139595OO
,1OO799O4O)
1O
,1O)
113.96 1OO.8O
|en|| b|¦|cc 0|peoen ||¸em ||o.
,|ormcr|y ve|she|| |ovcr Gcncre||n¸ Compeny ||o.)
57151OOO
,57151OOO)
1O
,1O)
57.15 57.15
bher||ye |e|| b|¦|cc Compeny ||o. 3552OOOOO
,29oOOOOOO)
1O
,1O)
355.20 29O
d) Shares in Cooperative Societies ß 3
Sub Total (B) 11,423.89 12,541.28
C) Share application money pending allotment in :
|¹|C |yoro ||o. 0.50 1.75
|en|| b|¦|cc 0|peoen ||¸em ||o.
,|ormcr|y ve|she|| |ovcr Gcncre||n¸ Compeny ||o.)
164.73 2.24
/reve|| |ovcr Compeny |r|ve|c ||o. 318.96 -
bher||ye |e|| b|¦|cc Compeny ||o. 154.26 71.15
|¹|C-¹em||neou |ncr¸y Compeny ||o. 60.00 15.5O
|e|ne¸|r| Ges & |ovcr |r|ve|c ||o. - 1OO.OO
Vc¦e 0r¦e ||¸em |r|ve|c ||o. 11.00 19.25
|ec|ne¸er |ovcr Gcncre||n¸ Compeny |v|. ||o. - 94.95
b|-|¹|C |ncr¸y Sys|cms ||o. - 4.85
Cl|-|¹|C 0r¦e |v|.||o. 0.08 -
|ncr¸y |fnc|cncy Scrv|ccs ||o. 24.38 3
Sub Total (C) 733.91 31O.32
Total (I) 12,169.80 12,8o3.oO
Schedules to the Balance Sheet ` crorc
35
th
Annual Report 2010-2011 123
As at March 31, 2011 2O1O
Schedule 9 (Cont.)
INVESTMENTS
,ve|ue||on es pcr /ccoun||n¸ |o||cy |o.1O) |umccr of |ecc ve|uc pcr
shercs/conos/ sherc/cono/
sccur|||cs sccur||y
Currcn| /cer/
,|rcv|ous /cer)
Currcn| /cer/
,|rcv|ous /cer)
,`)
II. CURRENT (Non-trade - unquoted)
Mutual Funds
Cenere |occco ||qu|o |uno Supcr - l|-||| 174O8O723
,-)
1O
,-)
175.04 -
Sbl-S|| 0||re Shor| |crm |uno -l| - ||| -
,424791O5O)
-
,1O)
- 425.O5
0¹l ¹rcesury /oven|e¸c |uno - l| - ||| -
,7o81994)
-
,1OOO)
- 7o8.3o
Cenere |occco ¹rcesury /oven|e¸c |uno Supcr - l|-||| -
,oO4553577)
-
,1O)
- 75O.O8
Total (II) 175.04 1,943.49
Total (I + II) 12,344.84 14,8O7.O9
Quoted Investments
boo| ve|uc 12.00 12.OO
Ver|c| ve|uc 100.92 133.5o
Unquoted Investments
boo| ve|uc 12,332.84 14,795.O9
,#) lnc|uocs conos of ` 6,518.83 crore ,prcv|ous ycer ` o,533.33 crorc)
pcrm|||co for |rensfcr/|reo|n¸ cy |cscrvc ben| of lno|e. be|encc cen cc
|rensfcrrco/ |reoco suc¦cc| |o pr|or epprove| of |cscrvc ben| of lno|e.
|c|e||s of purchesc eno se|c of currcn| |nvcs|mcn|s our|n¸ |hc ycer ` crorc
Mutual Funds No. of Units Purchase Cost
Sbl-Ve¸num lns|e Cesh |uno-||| 1,o57,881,791 2,777.OO
Sbl |rcm|cr ||qu|o |uno Supcr -l|-||| 3,794,333,25o 3,8Oo.oo
Sbl-S|| 0||re Shor| ¹crm |uno-l|-||| 3,o42,775,522 3,o44.9o
0¹l ||qu|o Cesh ||en lns|||u||one|-||| 27,12o,1OO 2,7o5.3o
0¹l ¹rcesury /oven|e¸c |uno-l|-||| 24,O13,327 2,4O1.85
Cenere |occco ||qu|o |uno Supcr - l|-||| 4,752,111,o78 4,778.25
Cenere |occco ¹rcesury /oven|e¸c |uno Supcr - l|-||| 2,881,525,157 3,575.14
l|-||| = lns|||u||one| ||en - |e||y ||v|ocno |c|nvcs|mcn|
` `
ß Shares in Co-operative societies (unquoted) 2011 2O1O
|¹|C |mp|oyccs Consumcrs eno ¹hr|f| Co-opcre||vc Soc|c|y ||o. |orce 5OO
,5OO)
1O
,1O)
5,000 5,OOO
|¹|C |mp|oyccs Consumcrs eno ¹hr|f| Coopcre||vc Soc|c|y ||o.
|eme¸unoem
25O
,25O)
1O
,1O)
2,500 2,5OO
|¹|C |mp|oyccs Consumcrs Coopcre||vc Soc|c|y ||o. |ere||e 5OO
,5OO)
1O
,1O)
5,000 5,OOO
|¹|C |mp|oyccs Consumcrs Coopcre||vc Soc|c|y ||o. v|nohyeche| 1O8
,1O8)
25
,25)
2,700 2,7OO
|¹|C |mp|oyccs Consumcrs Coopcre||vc Soc|c|y ||o. /n|e 5OO
,5OO)
1O
,1O)
5,000 5,OOO
|¹|C |mp|oyccs Consumcrs Coopcre||vc Soc|c|y ||o. |eves 5OO
,5OO)
1O
,1O)
5,000 5,OOO
|¹|C |mp|oyccs Consumcrs Coopcre||vc Soc|c|y ||o. |en|he 25O
,25O)
2O
,2O)
5,000 5,OOO
30,200 3O,2OO.OO
Schedules to the Balance Sheet ` crorc
35
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Annual Report 2010-2011 124
Schedules to the Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 10
INVENTORIES
,ve|ue||on es pcr /ccoun||n¸ |o||cy |o.11)
Componcn|s eno spercs 1,741.25 1,o49.94
|oosc |oo|s 5.48 5.O3
Coe| 1,255.50 1,117.54
|uc| o|| 191.22 171.o2
|eph|he 117.37 1OO.O7
Chcm|ce|s & consumec|cs 45.81 29.83
S|cc| screp 16.50 12.O1
O|hcrs 319.03 312.O8
3,692.16 3,398.12
|css: |rov|s|on for shor|e¸cs 2.34 3.O5
|rov|s|on for ocso|c|c/ unscrv|ccec|c ||cms/o|mun|||on |n ve|uc of surp|us |nvcn|ory 50.70 47.3o
Total 3,639.12 3,347.71
lnvcn|or|cs |nc|uoc me|cr|e| |n |rens||, unocr |nspcc||on eno v||h con|rec|ors 132.07 158.4O
Schedule 11
SUNDRY DEBTORS
,0nsccurco, Cons|ocrco ¸ooo un|css o|hcrv|sc s|e|co)
|cc|s ou|s|eno|n¸ ovcr s|x mon|hs
Cons|ocrco oouc|fu| 840.84 834
840.84 834
O|hcr |cc|s 9,450.76 o,o51.4o
10,291.60 7,487.5O
|css: |rov|s|on for ceo & oouc|fu| occ|s 840.84 834
|rov|s|on for |er|ff eo¦us|mcn| 1,526.45 -
Total 7,924.31 o,o51.4o
Schedule 12
CASH & BANK BALANCES
Cesh on heno
,|nc|uocs chcqucs, oref|s, s|emps on heno ` 0.36 crore, prcv|ous ycer ` 2.47 crorc)
0.36 2.52
be|encc v||h |cscrvc ben| of lno|e cermer|co for nxco ocpos||s from puc||c 30.80 3O.8O
be|enccs v||h schcou|co cen|s
Currcn| eccoun|s ,e) 295.18 oO4
¹crm ocpos|| eccoun|s ,c) 15,858.92 13,825.52
Total 16,185.26 14,459.48
,e) lnc|uocs ` 10.25 crore of 0nc|e|mco ||v|ocno ,prcv|ous ycer ` 22.57 crorc)
,c) lnc|uocs ` 11.69 crore ,prcv|ous ycer ` 11.o9 crorc) ocpos||co es sccur||y v||h Govcrnmcn| & o|hcr eu|hor|||cs vh|ch erc no| eve||ec|c for usc.
Schedule 13
OTHER CURRENT ASSETS
ln|crcs| eccruco :
bonos 382.33 452.52
¹crm ocpos||s 608.35 3oO.72
O|hcrs 43.52 13.84
O|hcr rccovcrec|cs 10.34 14.85
O|hcrs 2.43 2.11
Total 1,046.97 844.O4
35
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Annual Report 2010-2011 125
Schedules to the Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 14
LOANS AND ADVANCES
,Cons|ocrco ¸ooo, un|css o|hcrv|sc s|e|co)
|O/|S
|mp|oyccs ,|nc|uo|n¸ eccruco |n|crcs|)
Sccurco 456.62 4OO.18
0nsccurco 152.66 11o.75
Cons|ocrco oouc|fu| 0.25 O.23
|oen |o S|e|c Govcrnmcn| |n sc|||cmcn| of oucs from cus|omcrs
0nsccurco 574.36 o22.22
|oen |o e Sucs|o|ery Compeny ,|nc|uo|n¸ eccruco |n|crcs|)
Sccurco 21.71 2o.29
O|hcrs
Sccurco 50.00 191.o7
0nsccurco 0.02 O.O5
/|v/|C|S
,|ccovcrec|c |n cesh or |n ||no or for ve|uc |o cc rccc|vco)
Sucs|o|ery Compen|cs
0nsccurco 25.38 2o.99
Con|rec|ors & supp||crs, |nc|uo|n¸ me|cr|e| |ssuco on |oen
Sccurco 2.24 2.4o
0nsccurco 722.16 1,19O.42
Cons|ocrco oouc|fu| 1.41 O.28
|mp|oyccs ,|nc|uo|n¸ |mprcs|)
0nsccurco 11.61 153.89
Cons|ocrco oouc|fu| 0.08 O.O7
/ovencc |ex & |ex ocouc|co e| sourcc 9,789.49 9,11O.O9
|css: |rov|s|on for |exe||on 7,171.59 7,O45.75
2,617.90 2,Oo4.34
O|hcrs
0nsccurco 145.37 79.59
Cons|ocrco oouc|fu| - 1.OO
C|e|ms rccovcrec|c
0nsccurco 1,638.79 482.99
Cons|ocrco oouc|fu| 11.96 17.12
6,432.52 5,37o.54
|css: |rov|s|on for ceo eno oouc|fu| |oens, eovenccs eno c|e|ms 13.70 18.7O
6,418.82 5,357.84
|||OSl¹S
|cpos||s v||h cus|oms, por| |rus| eno o|hcrs ,#) 182.31 155.27
Total 6,601.13 5,513.11
,#) Se|cs ¹ex ocpos||co unocr pro|cs| v||h se|cs |ex eu|hor|||cs 37.06 11.47
|uc from ||rcc|ors & Ofnccrs of |hc Compeny
||rcc|ors 0.11 O.Oo
Ofnccrs 101.00 9O.45
Vex|mum emoun| ou|s|eno|n¸ our|n¸ |hc ycer
||rcc|ors 0.15 O.3o
Ofnccrs 127.88 181.98
35
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Annual Report 2010-2011 12o
Schedules to the Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 15
CURRENT LIABILITIES
Sunory crco||ors
|or cep||e| cxpcno||urc
V|cro & sme|| cn|crpr|scs 2.62 O.O3
O|hcrs 3,797.17 3,OO9.Oo
|or ¸ooos eno scrv|ccs
V|cro & sme|| cn|crpr|scs 6.61 O.5O
O|hcrs 3,821.50 2,58O.97
boo| ovcroref| 4.12 15.31
|cpos||s, rc|cn||on moncy from con|rec|ors eno o|hcrs 1,616.69 1,29O.4o
|css: ben| ocpos||s/lnvcs|mcn|s hc|o es sccur||y 11.06 11.93
9,237.65 o,884.4O
/ovenccs from cus|omcrs eno o|hcrs 451.25 293.54
O|hcr ||ec|||||cs 206.07 135.oo
0nc|e|mco o|v|ocno ,#) 10.25 22.57
ln|crcs| eccruco cu| no| ouc :
|orc|¸n currcncy |oens/conos 32.78 32.1o
|upcc |crm |oens 121.48 119.Oo
bonos 258.86 199.17
||xco ocpos||s from puc||c 2.14 1.O2
Total 10,320.48 7,o87.58
,#) |o emoun| |s ouc for peymcn| |o lnvcs|or |ouce||on eno |ro|cc||on |uno
Schedule 16
PROVISIONS
lncomc ¹ex
/s pcr |es| ce|encc shcc| - -
/oo|||ons our|n¸ |hc ycer 2,553.32 1,948.13
/moun| eo¦us|co our|n¸ |hc ycer (4,618.27) ,5,O97.o2)
|css: Sc| off e¸e|ns| |excs pe|o 7,171.59 7,O45.75
- -
|roposco o|v|ocno
/s pcr |es| ce|encc shcc| 659.63 o59.o4
/oo|||ons our|n¸ |hc ycer 659.63 o59.o3
/moun|s usco our|n¸ |hc ycer 659.63 o59.o4
659.63 o59.o3
¹ex on proposco o|v|ocno
/s pcr |es| ce|encc shcc| 107.23 11O.32
/oo|||ons our|n¸ |hc ycer 103.93 1O7.23
/moun|s pe|o our|n¸ |hc ycer 107.23 11O.32
103.93 1O7.23
|mp|oycc ccncn|s
/s pcr |es| ce|encc shcc| 2,034.57 2,192.o4
/oo|||ons our|n¸ |hc ycer 383.31 727.9O
/moun|s pe|o our|n¸ |hc ycer 641.65 8o4.2O
/moun|s rcvcrsco our|n¸ |hc ycer 44.26 21.77
1,731.97 2,O34.57
Oc||¸e||ons |nc|ocn|e| |o |eno ecqu|s|||on
/s pcr |es| ce|encc shcc| 266.76 284.22
/oo|||ons our|n¸ |hc ycer 13.79 22.23
/moun|s pe|o our|n¸ |hc ycer 19.78 3o.11
/moun|s rcvcrsco our|n¸ |hc ycer 5.37 3.58
255.40 2oo.7o
O|hcrs
/s pcr |es| ce|encc shcc| 2.39 2.71
/oo|||ons our|n¸ |hc ycer 0.74 O.19
/moun|s eo¦us|co our|n¸ |hc ycer 0.02 O.O3
/moun|s rcvcrsco our|n¸ |hc ycer 1.61 O.48
1.50 2.39
Total 2,752.43 3,O7O.58
35
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Annual Report 2010-2011 127
Schedules to the Pro?t & Loss Account ` crorc
For the year ended March 31, 2011 2O1O
Schedule 17
SALES
|ncr¸y Se|cs ,|nc|uo|n¸ c|cc|r|c||y ou|y)* 54,892.80 4o,O57.52
|css : /ovencc e¸e|ns| ocprcc|e||on ocfcrrco ,nc|) (11.55) ,8.39)
/oo : |cvcnuc rcco¸n|zco ou| of eovencc e¸e|ns| ocprcc|e||on 79.75 31o.78
/oo : |xchen¸c nuc|ue||on rccc|vec|c from cus|omcrs (1.54) 31.87
54,982.56 4o,414.5o
Consu||ency, pro¦cc| mene¸cmcn| eno supcrv|s|on fccs ,|nc|uo|n¸ |urn|cy cons|ruc||on pro¦cc|s) 169.45 153.92
Total 55,152.01 4o,5o8.48
* lnc|uocs ` 338.51 crore ,prcv|ous ycer ,-) ` 719.93 crorc) on eccoun| of |ncomc |ex rccovcrec|c from cus|omcrs es pcr C||C ¹er|ff |c¸u|e||ons,
2OO4 eno ` 21.72 crore ,prcv|ous ycer ` 248.47 crorc) on eccoun| of ocfcrrco |ex rccovcrec|c from cus|omcrs es pcr C||C ¹er|ff |c¸u|e||ons, 2OO9.
Schedule 18
PROVISIONS WRITTEN BACK
|ouc|fu| occ|s - O.O7
|ouc|fu| |oens, eovenccs eno c|e|ms 0.04 O.42
|ouc|fu| cons|ruc||on eovenccs 0.01 4.48
Shor|e¸c |n cons|ruc||on s|orcs 0.11 O.73
Shor|e¸c |n s|orcs 1.89 1.95
Ocso|c|c/0nscrv|cec|c/||mun|||on |n |hc ve|uc of surp|us s|orcs 5.15 4.O9
0nscrv|ccec|c cep||e| vor|-|n-pro¸rcss 0.15 O.55
O|hcrs 0.46 O.48
7.81 12.77
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Annual Report 2010-2011 128
Schedules to the Pro?t & Loss Account ` crorc
For the year ended March 31, 2011 2O1O
Schedule 19
OTHER INCOME
Income from Long Term Investments
¹reoc
||v|ocno from sucs|o|er|cs 14.00 1O.5O
||v|ocno from ¦o|n| vcn|urcs 21.13 o.84
ln|crcs|
Govcrnmcn| sccur|||cs ,8.5% |ex frcc conos |ssuco cy |hc S|e|c Govcrnmcn|s) 799.76 94O.13
O|hcr conos ,Gross) ,¹ex ocouc|co e| sourcc ` Nil, prcv|ous ycer ` O.3o crorc) - 5
|on-¹reoc
ln|crcs| from Govcrnmcn| of lno|e sccur|||cs ,Gross) - 1.83
|css: /mor||se||on of prcm|um - O.O2
- 1.81
|ron| on rcocmp||on of |nvcs|mcn|s - 5.O4
Income from Current Investments (Non-Trade)
||v|ocno from mu|ue| funo |nvcs|mcn|s 53.17 oO.3o
Income from Others
ln|crcs| ,Gross) ,¹ex ocouc|co e| sourcc ` 126.57 crore, prcv|ous ycer ` 194.8O crorc)
|oen |o S|e|c Govcrnmcn| |n sc|||cmcn| of oucs from cus|omcrs 50.85 58.99
lno|en cen|s 1,195.32 1,342.92
|mp|oyccs' |oens 20.45 1o.51
Cus|omcrs 116.16 59.94
O|hcrs 36.42 oo.9O
Sucs|o|ery Compeny 3.16 3.47
ln|crcs| on |ncomc |ex rcfunos - 452.o3
|css: |cfunoec|c |o cus|omcrs - 452.o3
- -
Surcher¸c rccc|vco from cus|omcrs 10.81 o2.33
||rc cher¸cs for cqu|pmcn| 2.59 2.77
|ron| on o|spose| of nxco essc|s 8.16 o.99
|xchen¸c o|ffcrcnccs 31.34 29.14
V|scc||encous |ncomc 153.80 225.4O
2,517.12 2,9O9
|css: ¹rensfcrrco |o:
|xpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) - Schcou|c 25 24.91 37.87
|cfcrrco forc|¸n currcncy nuc|ue||on ||ec||||y 31.34 o.o1
|cvc|opmcn| of coe| m|ncs 0.06 O.O2
Total 2,460.81 2,85o.19
Schedule 20
EMPLOYEES’ REMUNERATION AND BENEFITS
Se|er|cs, ve¸cs, conus, e||ovenccs & ccncn|s 2,764.00 2,335.O9
Con|r|cu||on |o prov|ocn| eno o|hcr funos 337.83 331.4o
\c|ferc cxpcnscs 293.44 28O.2o
3,395.27 2,94o.81
|css: /||oce|co |o fuc| cos| 171.79 152.19
¹rensfcrrco |o ocvc|opmcn| of coe| m|ncs 28.98 21.94
¹rensfcrrco |o cxpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) - Schcou|c 25 404.79 3oO.32
Total 2,789.71 2,412.3o
35
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Annual Report 2010-2011 129
Schedules to the Pro?t & Loss Account ` crorc
For the year ended March 31, 2011 2O1O
Schedule 21
GENERATION, ADMINISTRATION & OTHER EXPENSES
|ovcr cher¸cs 144.04 11O.88
|css: |ccovcrco from con|rec|ors & cmp|oyccs 15.93 14.19
128.11 9o.o9
\e|cr cher¸cs 294.48 129.57
S|orcs consumco 31.33 31.11
|cn| 22.21 21.oo
|css : |ccovcr|cs 6.81 o.21
15.40 15.45
|oeo o|spe|ch ccn|rc cher¸cs 98.35 -
|cpe|rs & me|n|cnencc
bu||o|n¸s 125.29 1O5.44
||en| & mech|ncry
|ovcr s|e||ons 1,272.43 1,O95.97
Cons|ruc||on cqu|pmcn| 0.71 4
1,273.14 1,O9o.o1
O|hcrs 97.05 88.22
lnsurencc 91.87 79.49
|e|cs eno |excs 24.06 22.81
\e|cr ccss & cnv|ronmcn| pro|cc||on ccss 38.50 2o.22
¹re|n|n¸ & rccru||mcn| cxpcnscs 70.85 72.54
|css: |ccs for epp||ce||on eno |re|n|n¸ 4.77 4.O1
66.08 o8.53
Commun|ce||on cxpcnscs 35.08 33.O5
¹revc|||n¸ cxpcnscs 149.82 134.OO
¹cnocr cxpcnscs 24.48 23.4o
|css: |ccc|p| from se|c of |cnocrs 2.75 1.87
21.73 21.59
|eymcn| |o euo||ors 2.87 2.44
/ovcr||scmcn| eno puc||c||y 13.78 15.59
Sccur||y cxpcnscs 244.68 224.53
|n|cr|e|nmcn| cxpcnscs 12.83 11.42
|xpcnscs for ¸ucs| housc 13.80 11.15
|css:|ccovcr|cs 1.34 1.32
12.46 9.83
|ouce||on cxpcnscs 25.41 21.55
bro|cre¸c & comm|ss|on 1.86 1.o8
|one||ons - O.52
Commun||y ocvc|opmcn| eno vc|ferc cxpcnscs 79.48 2O.47
|css: Gren|s-|n-e|o 0.43 O.O3
79.05 2O.44
/sh u||||se||on & mer|c||n¸ cxpcnscs 1.64 2.2o
|css: Se|c of esh proouc|s 0.23 O.14
1.41 2.12
||rcc|ors s||||n¸ fcc 0.28 O.29
boo|s eno pcr|oo|ce|s 1.59 1.92
|rofcss|one| cher¸cs eno consu||ency fccs 39.39 41.1O
|css: Gren|s-|n-e|o - 1.57
39.39 39.53
|c¸e| cxpcnscs 12.29 11.O9
||| h|rc eno o|hcr cher¸cs 15.69 1o.18
|r|n||n¸ eno s|e||oncry 12.22 1O.92
O|| & ¸es cxp|ore||on cxpcnscs 3.64 3.39
||r|n¸ of vch|c|cs 43.10 3o.9O
V|scc||encous cxpcnscs 71.42 59.8o
S|orcs vr|||cn off 0.05 O.19
Survcy &lnvcs||¸e||on cxpcnscs vr|||cn off 4.50 4.27
|oss on o|spose|/vr||c-off of nxco essc|s 60.87 27.o4
3,149.68 2,471.O8
|css: /||oce|co |o fuc| cos| 210.46 182.94
¹rensfcrrco |o ocvc|opmcn| of coe| m|ncs 14.04 17.41
¹rensfcrrco |o |xpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) - Schcou|c 25 279.17 17o.7O
Total 2,646.01 2,O94.O3
Spercs consump||on |nc|uoco |n rcpe|rs eno me|n|cnencc 807.11 oo2.83
35
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Annual Report 2010-2011 13O
Schedules to the Pro?t & Loss Account ` crorc
For the year ended March 31, 2011 2O1O
Schedule 22
PROVISIONS
|ouc|fu| occ|s 4.83 -
¹er|ff eo¦us|mcn| 1,526.45 -
|ouc|fu| eovenccs eno c|e|ms 0.25 O.11
Shor|e¸c |n s|orcs 1.45 1.8O
Ocso|c|c/0nscrv|cec|c/||mun|||on |n |hc ve|uc of surp|us s|orcs 8.80 7.59
Shor|e¸c |n cons|ruc||on s|orcs 0.33 O.91
0nscrv|ccec|c cep||e| vor|-|n-pro¸rcss 9.29 O.3O
O|hcrs 0.75 O.19
Total 1,552.15 1O.9O
Schedule 23
INTEREST AND FINANCE CHARGES
Interest on :
bonos 805.35 7oo.37
|orc|¸n currcncy |crm |oens 177.52 188.35
|upcc |crm |oens 1,703.92 1,353.O4
|uc||c ocpos||s 1.24 1.O9
|orc|¸n currcncy conos/no|cs 162.75 17O.43
/moun|s peyec|c |o cus|omcrs 3.61 1.38
O|hcrs 75.85 38.o4
|xchen¸c o|ffcrcnccs rc¸eroco es eo¦us|mcn| |o |n|crcs| cos| 174.16 O.O4
3,104.40 2,519.34
Finance Charges :
bonos scrv|c|n¸ & puc||c ocpos|| cxpcnscs 1.85 1.92
Gueren|cc fcc 35.57 39.71
Vene¸cmcn| fcc 25.92 O.28
Comm||mcn| cher¸cs/cxposurc prcm|um (2.42) 2.o5
|cce|c |o cus|omcrs 711.28 o93.73
|c|mcurscmcn| of |.C.cher¸cs on se|cs rce||se||on 4.96 7.19
ben| cher¸cs 3.00 2.73
bono |ssuc cxpcnscs 0.59 O.4o
|c¸e| cxpcnscs on forc|¸n currcncy |oens 0.09 O.1O
|orc|¸n currcncy conos/no|cs cxpcnscs - O.Oo
|xchen¸c o|ffcrcnccs 6.50 -
0p-fron| fcc 0.87 23
O|hcrs 0.39 O.88
788.60 77O.34
Sub-Total 3,893.00 3,289.o8
|css : ¹rensfcrrco |o :
|cvc|opmcn| of coe| m|ncs 7.67 -
|xpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) - Schcou|c 25 1,736.25 1,48O.75
Total 2,149.08 1,8O8.93
35
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Annual Report 2010-2011 131
Schedules to the Pro?t & Loss Account ` crorc
For the year ended March 31, 2011 2O1O
Schedule 24
PRIOR PERIOD INCOME/EXPENDITURE (NET)
INCOME
Se|cs 520.62 ,32.52)
O|hcrs 0.02 2.47
520.64 ,3O.O5)
EXPENDITURE
Se|ery, ve¸cs, conus, e||ovenccs & ccncn|s (2.49) ,99.43)
|cpe|rs eno me|n|cnencc 1.35 ,O.2o)
|cprcc|e||on (1,113.05) 1o.55
ln|crcs| |nc|uo|n¸ cxchen¸c o|ffcrcnccs rc¸eroco es eo¦us|mcn| |o |n|crcs| cos| 0.13 1O.18
¹revc|||n¸ cxpcnscs - ,O.2O)
/ovcr||scmcn| eno puc||c||y - O.24
|rofcss|one| cher¸cs eno consu||ency fccs (0.04) O.O3
|e|cs & |excs 0.70 O.52
|ovcr cher¸cs - O.33
|cn| - O.32
|xchen¸c o|ffcrcnccs - 3.o3
O|hcrs (0.63) ,5.o5)
(1,114.03) ,73.74)
Net Expenditure/(Income) (1,634.67) ,43.o9)
|css : ¹rensfcrrco |o :
|xpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|)- Schcou|c 25 4.05 34.o5
|cvc|opmcn| of coe| m|ncs - ,O.51)
Total (1,638.72) ,77.83)
35
th
Annual Report 2010-2011 132
Schedules to the Pro?t & Loss Account ` crorc
For the year ended March 31, 2011 2O1O
Schedule 25
EXPENDITURE DURING CONSTRUCTION PERIOD (NET)
A. Employees remuneration and other bene?ts
Se|er|cs, ve¸cs, e||ovenccs eno ccncn|s 340.64 311.93
Con|r|cu||on |o prov|ocn| eno o|hcr funos 32.32 33.7O
\c|ferc cxpcnscs 31.83 14.o9
Total (A) 404.79 3oO.32
B. Other Expenses
|ovcr cher¸cs 80.73 5o.49
|css: |ccovcrco from con|rec|ors & cmp|oyccs 1.01 O.74
79.72 55.75
\e|cr cher¸cs 58.60 8.o5
|cn| 2.96 2.o1
|cpe|rs & me|n|cnencc
bu||o|n¸s 5.91 4.O7
Cons|ruc||on cqu|pmcn| 0.24 O.23
O|hcrs 11.39 7.o1
17.54 11.91
lnsurencc 0.38 O.1o
|e|cs eno |excs 1.03 O.37
Commun|ce||on cxpcnscs 4.77 3.81
¹revc|||n¸ cxpcnscs 28.76 23.9o
¹cnocr cxpcnscs 6.91 o.48
|css: lncomc from se|c of |cnocrs 0.12 O.1O
6.79 o.38
/ovcr||scmcn| eno puc||c||y 0.48 9
Sccur||y cxpcnscs 37.91 23.13
|n|cr|e|nmcn| cxpcnscs 2.02 1.87
Gucs| housc cxpcnscs 2.60 2.22
|ouce||on cxpcnscs 0.16 O.12
boo|s eno pcr|oo|ce|s 0.71 7
Commun||y ocvc|opmcn| cxpcnscs 1.61 1.23
|rofcss|one| cher¸cs eno consu||ency fcc 5.45 8.18
|c¸e| cxpcnscs 1.30 O.54
||| ||rc eno o|hcr cher¸cs 1.35 O.8O
|r|n||n¸ eno s|e||oncry 0.96 1.O3
V|scc||encous cxpcnscs 24.07 22.o2
Total (B) 279.17 17o.7O
C. Depreciation 24.77 19.21
Total (A+B+C) 708.73 55o.23
35
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Annual Report 2010-2011 133
Schedules to the Pro?t & Loss Account ` crorc
For the year ended March 31, 2011 2O1O
D. Interest and Finance Charges
ln|crcs| on
bonos 504.95 474.7o
|orc|¸n currcncy |crm |oens 86.26 88.17
|upcc |crm |oens 1,066.78 838.18
|orc|¸n currcncy conos/no|cs 37.47 47.2o
|xchen¸c o|ffcrcnccs rc¸eroco es eo¦us|mcn| |o |n|crcs| cos| 14.63 O.O1
||nencc cher¸cs
Comm||mcn| cher¸cs 0.05 O.19
|orc|¸n currcncy conos/no|cs cxpcnscs - O.O1
0pfron| fcc 21.55 2O
O|hcrs 4.56 11.57
Total (D) 1,736.25 1,48O.75
E. Less: Other Income
ln|crcs| from o|hcr |hen cen|s 22.74 27.59
||rc cher¸cs 1.61 1.88
Se|c of screp - O.13
V|scc||encous |ncomc 0.56 8.27
TOTAL (E) 24.91 37.87
F. Prior Period Adjustments 4.05 34.o5
GRAND TOTAL (A+B+C+D-E+F) 2,424.12* 2,O33.7o
* Balance carried to Capital Work-in-progress - (Schedule 7)
35
th
Annual Report 2010-2011 134
SCHEDULE-26
NOTES ON ACCOUNTS
1. e) ¹hc convcyencc of ||||c for 11,043 acres of frccho|o |eno of ve|uc ` 538.18 crore ,prcv|ous ycer 1O,884 ecrcs of ve|uc ` 5O7.11 crorc)
eno cu||o|n¸s & s|ruc|urcs ve|uco e| ` 135.58 crore ,prcv|ous ycer ` 149.O5 crorc), es e|so cxccu||on of |cesc e¸rccmcn|s for 8,995 acres
of |eno of ve|uc ` 252.51 crore ,prcv|ous ycer 8,958 ecrcs, ve|uc ` 244.72 crorc) |n fevour of |hc Compeny erc eve|||n¸ comp|c||on of
|c¸e| forme||||cs.
c) |cescho|o |eno |nc|uocs 819 acres ve|u|n¸ ` 29.67 crore ,prcv|ous ycer 3O ecrcs ve|u|n¸ `O.O5 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. ¹h|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 1,245 acres of ve|uc ` 15.03 crore ,prcv|ous ycer 1,247 ecrcs of ve|uc ` 15.O9 crorc) no| |n posscss|on of |hc Compeny.
¹hc Compeny |s |e||n¸ eppropr|e|c s|cps for rcposscss|on of |hc semc.
c) |eno |nc|uocs en emoun| of ` 118.74 crore ,prcv|ous ycer ` 115.27 crorc) ocpos||co v||h ver|ous eu|hor|||cs |n rcspcc| of |eno |n
posscss|on vh|ch |s suc¦cc| |o eo¦us|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
|e¦ye v|oyu| 0|peoen ||¸em ||o. ,0||v0||) 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. ¹hc cons|ocre||on rccc|vco from 0||v0|| |s o|sc|osco unocr
'O|hcr ||ec|||||cs' |n Schcou|c ÷ 15 -'Currcn| ||ec|||||cs'.
¸) ¹hc cos| of r|¸h| of usc of |eno for |ey|n¸ p|pc||ncs emoun||n¸ |o ` 6.46 crore ,prcv|ous ycer ` 5.7o crorc) |s |nc|uoco unocr |n|en¸|c|c
essc|s. ¹hc r|¸h| of usc, o|hcr |hen pcrpc|ue| |n ne|urc, erc emor||sco ovcr |hc pcr|oo of |c¸e| r|¸h| |o usc es pcr |hc re|cs eno mc|hooo|o¸y
no||nco cy C||C ¹er|ff |c¸u|e||ons, 2OO9 ,|c¸u|e||ons, 2OO9).
h) Cos| of ecqu|s|||on of |hc r|¸h| |o orev ve|cr emoun||n¸ |o ` 199.52 crore ,prcv|ous ycer ` 8.41 crorc) |s |nc|uoco unocr |n|en¸|c|c essc|s
÷ ||¸h| of 0sc - O|hcrs. ¹hc r|¸h| |o orev ve|cr |s emor||zco cons|ocr|n¸ |hc ||fc pcr|oo of 25 ycers es pcr |hc re|cs eno mc|hooo|o¸y
no||nco cy |c¸u|e||ons, 2OO9.
|) V|n|s|ry of |ovcr, Govcrnmcn| of lno|e v|oc ||s no||nce||on no. 2/38/99-b¹|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 ycer. |cesc rcn| for |hc ycer emoun||n¸ |o ` 6.13 crore ,prcv|ous ycer ` 8
crorc) hes cccn cher¸co |o |hc s|e|cmcn| of |ron| & |oss /ccoun|.
2 e) ¹hc Ccn|re| ||cc|r|c||y |c¸u|e|ory Comm|ss|on ,C||C) no||nco |hc |c¸u|e||ons, 2OO9 |n !enuery 2OO9, con|e|n|n¸ |n|cr-e||e |hc |crms eno
cono|||ons for oc|crm|ne||on of |er|ff epp||cec|c for e pcr|oo of nvc ycers v||h cffcc| from 1
s|
/pr|| 2OO9. |cno|n¸ oc|crm|ne||on of
s|e||on-v|sc |er|ff cy |hc C||C, se|cs hevc cccn prov|s|one||y rcco¸n|zco e| ` 48,935.31 crore ,prcv|ous ycer ` 44,473.93 crorc) for |hc
ycer cnoco 31
s|
Verch 2O11 on |hc ces|s of pr|nc|p|cs cnunc|e|co |n |hc se|o |c¸u|e||ons on |hc cep||e| cos| cons|ocr|n¸ |hc orocrs of
/ppc||e|c ¹r|cune| for ||cc|r|c||y ,/|¹||) for |hc |er|ff pcr|oo 2OO4-2OO9 |nc|uo|n¸ es rcfcrrco |o |n pere 2 ,o).
|c¸u|e||ons, 2OO9 prov|oc |he| pcno|n¸ oc|crm|ne||on of |er|ff cy |hc C||C, |hc Compeny hes |o prov|s|one||y c||| |hc ccncnc|er|cs e| |hc
|er|ff epp||cec|c es on 31
s|
Verch 2OO9 epprovco cy |hc C||C. ¹hc emoun| prov|s|one||y c|||co for |hc ycer cnoco 31
s|
Verch 2O11 on |h|s
ces|s |s ` 47,519.21 crore ,prcv|ous ycer ` 43,7o5.13 crorc).
c) |or |hc un||s comm|ss|onco sucscqucn| |o 1
s|
/pr|| 2OO9, pcno|n¸ |hc oc|crm|ne||on of |er|ff cy C||C, se|cs of ` 4,528.39 crore ,prcv|ous
ycer ` 1,735.4O crorc) hevc cccn prov|s|one||y rcco¸n|sco on |hc ces|s of pr|nc|p|cs cnunc|e|co |n |hc |c¸u|e||ons, 2OO9. ¹hc emoun|
prov|s|one||y c|||co for such un||s |s ` 4,416.12 crore ,prcv|ous ycer ` 1,53o.5O crorc).
c) Se|cs of ` 800.87 crore ,prcv|ous ycer ` 119.33 crorc) pcr|e|n|n¸ |o prcv|ous ycers hevc cccn rcco¸n|zco cesco on |hc orocrs |ssuco
cy |hc C||C//|¹||.
o) ln rcspcc| of s|e||ons/un||s vhcrc |hc C||C heo |ssuco |er|ff orocrs epp||cec|c from 1
s|
/pr|| 2OO4 |o 31
s|
Verch 2OO9, |hc Compeny
e¸¸r|cvco ovcr meny of |hc |ssucs es cons|ocrco cy |hc C||C |n |hc |er|ff orocrs, n|co eppce|s v||h |hc /|¹||. ¹hc /|¹|| o|sposco off
|hc eppce|s fevourec|y o|rcc||n¸ |hc C||C |o rcv|sc |hc |er|ff orocrs es pcr |hc o|rcc||ons eno mc|hooo|o¸y ¸|vcn. ¹hc C||C n|co eppce|s
v||h |hc |on'c|c Suprcmc Cour| of lno|e on somc of |hc |ssucs occ|oco |n fevour of |hc Compeny cy |hc /|¹||. ¹hc occ|s|on of |on'c|c
Suprcmc Cour| |s eve||co. ¹hc Compeny heo sucm|||co |he| || vou|o no| prcss for oc|crm|ne||on of |hc |er|ff cy |hc C||C es pcr /|¹||
orocrs pcno|n¸ o|spose| of |hc eppce|s cy |hc |on'c|c Suprcmc Cour|.
Cons|ocr|n¸ cxpcr| |c¸e| op|n|ons oc|e|nco |he| || |s rcesonec|c |o cxpcc| u|||me|c co||cc||on, |hc se|cs for |hc |er|ff pcr|oo 2OO4-2OO9
vcrc rcco¸n|sco |n cer||cr ycers cesco on prov|s|one| |er|ff vor|co ou| cy |hc Compeny es pcr |hc o|rcc||ons eno mc|hooo|o¸y ¸|vcn
cy |hc /|¹||. /s eccoun|e| of se|cs |s suc¦cc| |o |hc occ|s|on of |hc |on'c|c Suprcmc Cour| of lno|e, pcno|n¸ occ|s|on of |hc |on'c|c
Suprcmc Cour| of lno|e, e sum of ` 1,262.86 crore |nc|uoco |n occ|ors hes cccn fu||y prov|oco for our|n¸ |hc ycer. |ffcc|, |f eny, v||| cc
¸|vcn |n |hc nnenc|e| s|e|cmcn|s upon o|spose| of |hc eppce|s.
c) Conscqucn| |o |ssuc of eoo|||one| cep||e||se||on orocrs cy |hc C||C, eovencc e¸e|ns| ocprcc|e||on rcqu|rco |o mcc| |hc shor|fe|| |n |hc
componcn| of ocprcc|e||on |o cc cher¸co |n fu|urc ycers hes cccn rcesscssco eno |hc cxccss oc|crm|nco emoun||n¸ |o ` 79.75 crore
hes cccn rcco¸n|sco es se|cs.
f) |ur|n¸ |hc ycer, |hc C||C hes |ssuco |er|ff orocrs |n rcspcc| of somc of |hc s|e||ons |n comp||encc v||h |hc ¦uo¸cmcn| of /|¹|| mcn||onco
e| pere o) ecovc, eno |hc ccncnc|er|cs vcrc c|||co eccoro|n¸|y. S|ncc |hc orocrs of C||C |nc|uoc |hosc |ssucs vh|ch hevc cccn che||cn¸co
cy |hcm ccforc |on'c|c Suprcmc Cour|, eno erc pcno|n¸ o|spose|, |hc |mpec| |hcrcof emoun||n¸ |o ` 252.22 crore hes cccn eccoun|co
es '/ovencc from cus|omcrs' |n |hc Schcou|c-15 - 'Currcn| ||ec|||||cs'.
3. e) Sunory |cc|ors ÷ O|hcr occ|s ,schcou|c 11) |nc|uocs ` 2,698.86 crore ,prcv|ous ycer ` 1,OO1.15 crorc) |overos rcvcnuc eccoun|co |n
eccoroencc v||h |hc eccoun||n¸ po||cy no. 12.1 vh|ch |s yc| |o cc c|||co.
35
th
Annual Report 2010-2011 135
c) C||C hes |ssuco e oref| no||nce||on oe|co 3
ro
Scp|cmccr 2O1O vh|ch |n|cr-e||e prov|ocs for upfron| |ru|n¸ up of un o|scher¸co ||ec|||||cs
v||h rc¸ero |o cep||e| cos| eom|||co cy C||C ccforc 1
s|
/pr|| 2OO9. ln en||c|pe||on of nne| no||nce||on en cs||me|co emoun| of ` 263.59
crore hes cccn prov|oco for |overos |er|ff eo¦us|mcn|.
4. |uc |o unccr|e|n|y of rce||se||on |n |hc ecscncc of senc||on cy |hc Govcrnmcn| of lno|e ,GOl), |hc Compeny's sherc of nc| ennue| pron|s of onc
of |hc s|e||ons |e|cn ovcr cy |hc Compeny |n !unc 2OOo for |hc pcr|oo 1
s|
/pr|| 198o |o 31
s|
Vey 2OOo emoun||n¸ |o ` 115.58 crore ,prcv|ous
ycer ` 115.58 crorc) cc|n¸ ce|encc rccc|vec|c |n |crms of |hc mene¸cmcn| con|rec| v||h |hc GOl hes no| cccn rcco¸n|sco.
5. 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 Compeny formu|e|co e ocnnco con|r|cu||on pcns|on schcmc
eno scn| |o V|n|s|ry of |ovcr ,VO|) for |hc|r epprove|. |cno|n¸ epprove| of VO|, en emoun| of ` 94.56 crore our|n¸ |hc ycer eno cumu|e||vc|y
` 468.78 crore hes cccn prov|oco up |o 31
s|
Verch 2O11.
o. ¹hc emoun| rc|mcursec|c |o GOl |n |crms of |uc||c |o||cc |o.38 oe|co 5
|h
|ovcmccr, 1999 eno |uc||c |o||cc |o.42 oe|co 1O
|h
Oc|occr, 2OO2
|overos cesh cqu|ve|cn| of |hc rc|cven| occmco cxpor| ccncn|s pe|o cy GOl |o |hc con|rec|ors for onc of |hc s|e||ons emoun|co |o ` 276.80
crore ,prcv|ous ycer ` 27o.8O crorc) ou| of vh|ch ` 269.70 crore ,prcv|ous ycer ` 2o9.7O crorc) hes cccn ocpos||co v||h |hc GOl eno ||ec||||y
for |hc ce|encc emoun| of ` 7.17 crore ,prcv|ous ycer ` 7.17 crorc) hes cccn prov|oco for. |o |n|crcs| hes cccn prov|oco on |hc rc|mcursec|c
emoun|s es |hcrc |s no s||pu|e||on for peymcn| of |n|crcs| |n |hc puc||c no||ccs c||co ecovc.
7. /s pcr |hc o|rcc||on of VO|, e mcmorenoum of unocrs|eno|n¸ ves s|¸nco cc|vccn |hc Compeny, Gu¦ere| |ovcr Corpore||on ||o. ,G|C|)
eno Gu¦ere| ||cc|r|c||y boero ,G|b) on 2O
|h
|ccruery 2OO4 |o sc| up ||pevev |ovcr |ro¦cc|. ¹hc Compeny o|sessoc|e|co from |hc ||pevev |ovcr
|ro¦cc|, e vho||y ovnco sucs|o|ery of |hc Compeny, on 24
|h
Vey 2OO7 ef|cr oc|e|n|n¸ epprove| from |hc VO|. VO|, Govcrnmcn| of lno|e,
convcyco ||s epprove| v|oc |rcs|ocn||e| ||rcc||vc |o. 5/5/2OO4-¹|-ll oe|co 3
ro
!u|y 2OO9 for v|no|n¸-up of |hc ||pevev |ovcr |cvc|opmcn|
Compeny ||o. ,|||C|). ¹hc boero of ||rcc|ors of |¹|C ||o. hevc e|so ¸|vcn conscn| for v|no|n¸ up of |hc |||C|.
VO| v|oc |rcs|ocn||e| ||rcc||vc |o. 5/5/2OO4-¹|-ll oe|co 15
|h
/pr|| 2O1O convcyco |hc epprove| of GOl |o pcrm|| |¹|C for v|no|n¸ up of
|||C|, |hrou¸h s|r|||n¸ off |hc nemc unocr Scc||on 5oO of |hc Compen|cs /c|, 195o. |c¸|s|rer of Compen|cs, |e||one| Cep||e| ¹crr||ory of |c|h|
eno |eryene ,|OC) hes convcyco |hc nemc of |hc |||C| hes cccn s|ruc|-off from |hc |c¸|s|cr of Compen|cs v|oc |hc|r |c||cr oe|co 28
|h
!enuery
2O11.
/ccoro|n¸|y, |nvcs|mcn| |n |hc |||C| emoun||n¸ |o ` 0.37 crore ves sc| off |n fu|| e¸e|ns| |hc emoun| rccc|vco from G|C| |n |hc cer||cr ycers |n
|h|s rc¸ero.
8. ¹hc Govcrnmcn| of Veohye |reocsh heo no||nco |cvy of Veohye |reocsh Gremccn /vsenrechene ¹e|he Seoe| v||es /oh|n|yem ,V|G/¹Sv/) |ex
on coe| v||h cffcc| from Scp|cmccr 2OO5. ¹hc |ex ves che||cn¸co cy |hc coe| supp||cr ccforc |hc |on'c|c !ece|pur ||¸h Cour| vh|ch s|eyco ||s
co||cc||on |n /pr|| 2OOo. |on'c|c !ece|pur ||¸h Cour| cy ||s orocr oe|co 3
ro
|ccruery 2O11 hes vece|co |hc |n|cr|m orocr of /pr|| 2OOo.
¹hc Ccn|re| Govcrnmcn| |ssuco no||nce||on no. GS| 322 ,|) oe|co 1
s|
/u¸ 2OO7, on roye||y vh|ch prov|oc for eo¦us|mcn| of ccss eno |ex spcc|nc
|o coe| ccer|n¸ |enos so es |o ||m|| |hc ovcre|| rcvcnuc |o |hc roye||y .
ver|ous Spcc|e| |cevc |c||||ons ,S||s) vcrc prcfcrrco |n |hc |on'c|c Suprcmc Cour| e¸e|ns| |hc |cvy cy |hc e¸¸r|cvco per||cs vhcrc-ef|cr |hc
|on'c|c Suprcmc Cour| pessco en |n|cr|m orocr s|ey|n¸ |hc cocrc|vc co||cc||on of |hc |ex. |ur|n¸ |hc ycer, |on'c|c Suprcmc Cour| hcero ver|ous
S||s eno orocrco |hc esscssccs |o n|c rc|urns eno sucscqucn||y |n o
|h
|cccmccr 2O1O orocrco |hc esscssccs |o pey |hc |excs v||hou| prc¦uo|cc
|o |hc|r r|¸h|s |n |hc pcno|n¸ eppce|s.
Sucscqucn| |o |hc vece||on of |hc s|ey, |or|hcrn Coe| ||c|os ||o, n|co S|| |n |hc |on'c|c Suprcmc Cour|, vh|ch ves o|sposco off on 21.4.2O11
|n |crms of ||s' cer||cr orocr oe|co o
|h
|cc 2O1O. ln v|cv of |h|s, ||ec||||y |overos V|G/¹Sv/ |ex for |hc pcr|oo from Scp|cmccr 2OO5 |o !u|y 2OO7
emoun||n¸ |o ` 255.82 crore hes cccn prov|oco for our|n¸ |hc ycer v||h conscqucn| rcco¸n|||on |n se|cs.
9. /s e rcsu|| of |ssuencc of |hc |cv Coe| ||s|r|cu||on |o||cy ,|C||) cy V|n|s|ry of Coe| |n Oc|occr 2OO7, |hc Compeny eno Coe| lno|e ||o ,Cl|)
rcnc¸o||e|co |hc Vooc| Coe| Supp|y /¸rccmcn| ,CS/) eno Vooc| CS/ ves s|¸nco cc|vccn |hc Compeny & Cl| on 29
|h
Vey 2OO9. besco on
|hc Vooc| CS/, coe| supp|y e¸rccmcn|s hevc cccn s|¸nco v||h |hc ver|ous sucs|o|ery compen|cs of Cl| cy e|| cxccp||n¸ |hrcc of |hc coe| cesco
s|e||ons of |hc Compeny. ¹hc CS/s erc ve||o for e pcr|oo of 2O ycers v||h e prov|s|on for rcv|cv ef|cr cvcry 5 ycers.
1O. ¹hc Compeny che||cn¸co |hc |cvy of |rens|| fcc/cn|ry |ex on supp||cs of coe| |o somc of ||s povcr s|e||ons eno hes pe|o unocr pro|cs| such
|rens|| fcc/cn|ry |ex |o Coe| Compen|cs/Se|cs ¹ex /u|hor|||cs. |ur|hcr, |n ||nc v||h |hc e¸rccmcn| v||h G/l| lno|e ||o., |hc Compeny hes e|so pe|o
cn|ry |ex eno se|cs |ex on |rensm|ss|on cher¸cs |n rcspcc| of ¸es supp||cs meoc |o ver|ous s|e||ons |n |hc s|e|c of 0||er |reocsh. G/l| lno|e ||o.
hes pe|o such |excs |o |hc eppropr|e|c eu|hor|||cs unocr pro|cs| eno n|co e pc||||on ccforc |hc |on'c|c ||¸h Cour| of /||eheceo che||cn¸|n¸ |hc
epp||cec||||y of rc|cven| /c|. ln cesc |hc Compeny ¸c|s rcfuno from Coe| Compen|cs/Se|cs ¹ex /u|hor|||cs/G/l| lno|e ||o. on sc|||cmcn| of |hcsc
cescs, |hc semc v||| cc pessco on |o rcspcc||vc ccncnc|er|cs.
11. VO|, GOl v|oc |c||cr oe|co 24.12.2O1O hes commun|ce|co |hc o|scon||nue||on of onc of |hc |yoro |ovcr |ro¦cc|s of |hc Compeny |n |hc S|e|c
of 0||ere|heno. Sucscqucn||y, |hc Compeny hes |ssuco |c||cr of |rus|re||on |o |hc supp||crs/vcnoors of |hc pro¦cc|.
VO| hes sou¸h| oc|e||s of cxpcno||urc |ncurrco, comm|||co cos|s, en||c|pe|co cxpcno||urc on sefc|y eno s|ec|||ze||on mcesurcs, o|hcr rccurr|n¸
s||c cxpcnscs eno |n|crcs| cos|s, es vc|| es c|e|ms of ver|ous pec|e¸cs of con|rec|ors/vcnoors. Vene¸cmcn| cxpcc|s |he| |hc |o|e| cos| |ncurrco,
en||c|pe|co cxpcno||urc on sefc|y eno s|ec|||ze||on mcesurcs, o|hcr rccurr|n¸ s||c cxpcnscs eno |n|crcs| cos|s es vc|| es c|e|ms of ver|ous
pec|e¸cs of con|rec|ors/vcnoors for |h|s pro¦cc| v||| cc compcnse|co |n fu||. |cncc, cos| |ncurrco on |hc pro¦cc| up |o 31.O3.2O11 emoun||n¸
|o ` 748.82 crore hes cccn eccoun|co es rccovcrec|c from GOl eno o|sc|osco unocr 'C|e|ms |ccovcrec|c' |n '|oens eno /ovenccs' ,Schcou|c
-14).
12. lssucs rc|e|co |o |hc 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 erc unocr
o|scuss|on v||h |hc cqu|pmcn| supp||cr. |cno|n¸ sc|||cmcn|, ||qu|oe|co oeme¸cs for shor|fe|| |n pcrformencc of |hcsc cqu|pmcn|s hevc no|
cccn rcco¸n|sco.
13. ¹hc Compeny |s cxccu||n¸ e |hcrme| povcr pro¦cc| |n rcspcc| of vh|ch posscss|on ccr||nce|cs for 1,489 acres ,prcv|ous ycer 1,489 ecrcs) of
|eno hes cccn henoco ovcr |o |hc Compeny eno e|| s|e|u|ory eno cnv|ronmcn| c|cerenccs for |hc pro¦cc| hevc cccn rccc|vco. Sucscqucn||y, e
h|¸h povcr comm|||cc hes cccn cons|||u|co es pcr |hc o|rcc||ons of GOl |o cxp|orc e||crne|c |oce||on of |hc pro¦cc| s|ncc prcscn| |oce||on |s
s|e|co |o cc e coe| ccer|n¸ erce. /¸¸rc¸e|c cos| |ncurrco up |o 31
s|
Verch 2O11 ` 190.19 crore ,prcv|ous ycer ` 183.1O crorc) |s |nc|uoco |n
'||xco /ssc|s' ,Schcou|cs o, 7 eno 8). Vene¸cmcn| |s connocn| of rccovcry of cos| |ncurrco, hcncc no prov|s|on |s cons|ocrco ncccssery.
35
th
Annual Report 2010-2011 13o
14. |ur|n¸ |hc ycer |hc Compeny hes rccc|vco en op|n|on from |hc |xpcr| /ov|sory Comm|||cc 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
cher¸co |o |hc s|e|cmcn| of |ron| & |oss /ccoun| es eno vhcn |ncurrco. ¹hc Compeny hes rcprcscn|co |he| such cxpcno||urc cc|n¸ csscn||e|
for sc|||n¸ up of e pro¦cc|, |hc semc cc eccoun|co |n ||nc v||h |hc cx|s||n¸ eccoun||n¸ prec||cc eno sou¸h| e rcv|cv. |cno|n¸ rccc|p| of
commun|ce||on rc¸ero|n¸ |hc rcv|cv, cx|s||n¸ |rce|mcn| hes cccn con||nuco es pcr cx|s||n¸ eccoun||n¸ po||cy.
15. e) Ccr|e|n |oens & eovenccs eno crco||ors |n so fer es |hcsc hevc s|ncc no| cccn rce||sco/o|scher¸co or eo¦us|co erc suc¦cc| |o connrme||on/
rcconc|||e||on eno conscqucn||e| eo¦us|mcn|, |f eny.
c) ln |hc op|n|on of |hc mene¸cmcn|, |hc ve|uc of currcn| essc|s, |oens eno eovenccs 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|.
1o. |ffcc| of chen¸cs |n /ccoun||n¸ |o||c|cs:
|ur|n¸ |hc ycer, |hc Ofncc of |hc Comp|ro||cr & /uo||or Gcncre| of lno|e hes cxprcssco en op|n|on |he| povcr scc|or compen|cs she|| cc
¸ovcrnco cy |hc re|cs of ocprcc|e||on no||nco cy |hc C||C for prov|o|n¸ ocprcc|e||on |n rcspcc| of ¸cncre||n¸ essc|s |n |hc eccoun|s |ns|ceo of
|hc re|cs es pcr |hc Compen|cs /c|, 195o. /ccoro|n¸|y, |hc Compeny rcv|sco ||s eccoun||n¸ po||c|cs rc|e||n¸ |o cher¸|n¸ of ocprcc|e||on v.c.f 1
s|

/pr|| 2OO9 cons|ocr|n¸ |hc re|cs eno mc|hooo|o¸y no||nco cy |hc C||C for oc|crm|ne||on of |er|ff |hrou¸h |c¸u|e||ons, 2OO9. ln cesc of ccr|e|n
essc|s, |hc Compeny hes con||nuco |o cher¸c h|¸hcr ocprcc|e||on cesco on |cchn|ce| esscssmcn| of uscfu| ||fc of |hosc essc|s. Conscqucn| |o
|h|s chen¸c, pr|or pcr|oo ocprcc|e||on vr|||cn cec| |s ` 1,116.50 crore, ocprcc|e||on for |hc ycer |s |ovcr cy ` 279.62 crore. /s e rcsu||, nxco
essc|s eno pron| ccforc |ex for |hc ycer |s h|¸hcr cy ` 1,396.12 crore.
|uc |o |hc ecovc chen¸c, |hc emoun| of eovencc e¸e|ns| ocprcc|e||on ,//|) rcqu|rco |o mcc| |hc shor|fe|| |n |hc componcn| of ocprcc|e||on
|n rcvcnuc ovcr |hc ocprcc|e||on |o cc cher¸co off |n fu|urc ycers hes cccn rcesscssco cy |hc Compeny s|e||on-v|sc es e| 1
s|
/pr|| 2OO9 eno |hc
cxccss oc|crm|nco, emoun||n¸ |o ` 727.49 crore hes cccn rcco¸n|sco es pr|or pcr|oo se|cs.
|ur|hcr, |hc emoun| rccovcrec|c from |hc ccncnc|er|cs on eccoun| of ocfcrrco |ex me|cr|e||sco for |hc nnenc|e| ycer 2OO9-1O hes cccn rcesscssco
eno cxccss emoun| of ` 212.67 crore |s rcvcrsco es '|r|or |cr|oo Se|cs' v||h cqu|ve|cn| rcouc||on |n prov|s|on for |ex of cer||cr ycers |n |hc |ron|
eno |oss /ccoun|.
|ur|hcr, ouc |o |hc ecovc chen¸c, ocfcrrco |ex ||ec||||y ,nc|) eno ocfcrrco |ex rccovcrec|c from |hc ccncnc|er|cs es e| 31
s|
Verch 2O1O emoun||n¸
|o ` 3,O49.41 crorc eno ` 2,84O.1o crorc rcspcc||vc|y hevc cccn rcv|cvco eno rcs|e|co |o ` 4,415.19 crorc eno ` 3,8O9.o9 crorc rcspcc||vc|y. /s
e rcsu||, ocfcrrco |ex ||ec||||y es e| 31.O3.2O1O hes |ncrcesco cy ` 1,3o5.78 crorc ou| of vh|ch ` 9o9.53 crorc |s rccovcrec|c from |hc ccncnc|er|cs
es pcr |c¸u|e||on 39 of |c¸u|e||ons, 2OO9 eno nc| |ncrcesc |s |nc|uoco |n |hc '|rov|s|on for |cfcrrco |ex - |er||cr ycers' |n |hc |ron| eno |oss
/ccoun|.
17. |cvcnuc ¸ren|s rcco¸n|sco our|n¸ |hc ycer |s ` 0.43 crore ,prcv|ous ycer ` 1.71 crorc).
18. Disclosure as per Accounting Standard (AS) 15:
Gcncre| ocscr|p||on of ver|ous ocnnco 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. ¹hc con|r|cu||on of ` 191.19 crore ,prcv|ous
ycer ` 159.7O crorc) |o |hc funos for |hc ycer |s rcco¸n|sco es cxpcnsc eno |s cher¸co |o |hc |ron| & |oss /ccoun|. ¹hc 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|n¸s 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.
B. Gratuity & Pension
¹hc 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 suc¦cc| |o
e mex|mum of ` 0.10 crore on supcrennue||on, rcs|¸ne||on, |crm|ne||on, o|sec|cmcn| or on oce|h.
¹hc 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 Govcrnmcn| |ovcr
0|||||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 no. 5 ecovc.
¹hc cx|s||n¸ schcmcs erc funoco cy |hc Compeny eno erc mene¸co cy scpere|c |rus|s. ¹hc ||ec||||y for |hc semc |s rcco¸n|sco on |hc ces|s
of ec|uer|e| ve|ue||on.
C. Post-Retirement Medical Facility (PRMF)
¹hc Compeny hes |os|-|c||rcmcn| Vco|ce| |ec||||y ,||V|), unocr vh|ch rc||rco cmp|oycc eno |hc spousc erc prov|oco mco|ce| fec|||||cs
|n |hc Compeny hosp||e|s / cmpenc||co hosp||e|s. ¹hcy cen e|so eve|| |rce|mcn| es Ou|-|e||cn| suc¦cc| |o e cc|||n¸ nxco cy |hc Compeny.
¹hc ||ec||||y for |hc semc |s rcco¸n|sco on |hc ces|s of ec|uer|e| ve|ue||on.
D. Terminal Bene?ts
¹crm|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. ¹hc ||ec||||y for |hc semc |s rcco¸n|sco on |hc ces|s of ec|uer|e| ve|ue||on.
E. Leave
¹hc 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 e¸c of 5O ycers up |o |hc mex|mum of
24O oeys es pcr |hc ru|cs of |hc Compeny. ¹hc ||ec||||y for |hc semc |s rcco¸n|sco on |hc ces|s of ec|uer|e| ve|ue||on.
¹hc ecovc mcn||onco schcmcs ,C, | eno |) erc unfunoco eno erc rcco¸n|sco on |hc ces|s of ec|uer|e| ve|ue||on.
¹hc summer|sco pos|||on of ver|ous ocnnco ccncn|s rcco¸n|sco |n |hc pron| eno |oss eccoun|, ce|encc shcc| erc es unocr:
,||¸urcs ¸|vcn |n { ] erc for prcv|ous ycer)
35
th
Annual Report 2010-2011 137
|) Expenses recognised in Pro?t & Loss Account ,` crorc)
Gratuity/
Pension
PRMF Leave Terminal
Bene?ts
Currcn| Scrv|cc Cos| 53.78
{48.91]
9.74
{8.2O]
38.O1
{33.54]
4.32
{4.99]
ln|crcs| cos| on ccncn| oc||¸e||on 85.2O
{78.O7]
19.55
{1O]
4o.8O
{48.oO]
13.4O
{9.41]
|xpcc|co rc|urn on p|en essc|s ,78.78)
{,42.7O)]
-
{-]
-
{-]
-
{-]
|c| ec|uer|e| ,¸e|n)/ |oss rcco¸n|sco |n |hc ycer 5O.37
{,39.93)]
45.32
{11.59]
85.47
{34.54]
1o.55
{35]
|xpcnscs rcco¸n|sco |n |hc |ron| & |oss /ccoun| 11O.57
{44.35]
74.o1
{35.79]
17O.28
{11o.o8]
34.27
{5O.45]
||) The amount recognised in the Balance Sheet ,` crorc)
Gratuity/
Pension
PRMF Leave Terminal
Bene?ts
|rcscn| ve|uc of oc||¸e||on es e| 31.O3.2O11 1185.28
{1Oo5.O3]
311.o7
{244.4O]
o51.9O
{585.O8]
192.29
{1o7.4o]
|e|r ve|uc of p|en essc|s es e| 31.O3.2O11 1O31.o8
{987.14]
-
{-]
-
{-]
-
{-]
|c| ||ec||||y rcco¸n|sco |n |hc be|encc Shcc| 153.oO
{77.89]
311.o7
{244.4O]
o51.9O
{585.O8]
192.29
{1o7.4o]
|||) Changes in the present value of the de?ned bene?t obligations: ,` crorc)
Gratuity/
Pension
PRMF Leave Terminal
Bene?ts
|rcscn| ve|uc of oc||¸e||on es e| 1.O4.2O1O 1Oo5.O3
{1O4O.99]
244.4O
{213.29]
585.O8
{o47.94]
1o7.4o
{125.51]
ln|crcs| cos| 85.2O
{78.O7]
19.55
{1O]
4o.8O
{48.oO]
13.4O
{9.41]
Currcn| Scrv|cc Cos| 53.78
{48.91]
9.74
{8.2O]
38.O1
{33.54]
4.32
{4.99]
bcncn|s pe|o ,74.2O)
{,88.51)]
,7.33)
{,4.o8)]
,1O3.4o)
{,179.54)]
,9.44)
{,8.5O)]
|c| ec|uer|e| ,¸e|n)/ |oss on oc||¸e||on ,55.47)
{,14.43)]
45.31
{11.59]
85.47
{34.54]
1o.55
{35]
|rcscn| ve|uc of |hc ocnnco ccncn| oc||¸e||on es e| 31.O3.2O11 1185.28
{1Oo5.O3]
311.o7
{244.4O]
o51.9O
{585.O8]
192.29
{1o7.4o]
|v) Changes in the fair value of plan assets: ,` crorc)
Gratuity/
Pension
PRMF Leave Terminal
Bene?ts
|e|r ve|uc of p|en essc|s es e| 1.O4.2O1O 987.14
{53o.4O]
-
{-]
-
{-]
-
{-]
|xpcc|co rc|urn on p|en essc|s 78.78
{42.7O]
-
{-]
-
{-]
-
{-]
Con|r|cu||ons cy cmp|oycr 31.4O
{4o9.1O]
-
{-]
-
{-]
-
{-]
bcncn| pe|o ,7O.74)
{,8o.5o)]
-
{-]
-
{-]
-
{-]
/c|uer|e| ¸e|n / ,|oss) 5.1O
{25.5O]
-
{-]
-
{-]
-
{-]
|e|r ve|uc of p|en essc|s es e| 31.O3.2O11 1O31.o8
{987.14]
-
{-]
-
{-]
-
{-]
35
th
Annual Report 2010-2011 138
v) ¹hc cffcc| of onc pcrccn|e¸c po|n| |ncrcesc/occrcesc |n |hc mco|ce| cos| of ||V| v||| cc es unocr: ,` crorc)
Particulars Increase by Decrease by
Scrv|cc eno ln|crcs| cos| 5.53 4.44
|rcscn| ve|uc of oc||¸e||on 33.73 52.78
F. Other Employee Bene?ts
|rov|s|on for |on¸ Scrv|cc /vero eno |em||y |conom|c |chec||||e||on Schcmc emoun||n¸ |o ` 2.76 crore ,prcv|ous ycer crco|| of ` 3.42
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 |ron| & |oss /ccoun|.
G. Details of the Plan Assets
¹hc oc|e||s of |hc p|en essc|s e| cos| es on 31
s|
Verch erc es fo||ovs:
,` crorc)
2011 2O1O
|) S|e|c Govcrnmcn| sccur|||cs 237.32 229.2o
||) Ccn|re| Govcrnmcn| sccur|||cs 316.45 317.o8
|||) Corpore|c bonos/ occcn|urcs 422.48 422.15
|v) |bl Spcc|e| |cpos|| Nil 23.99
v) Voncy Ver|c| lns|rumcn|s 0.74 24.9O
v|) lnvcs|mcn| v||h lnsurencc Compen|cs 60.00 -
¹o|e| 1036.99 1O17.98
H. /c|ue| rc|urn on p|en essc|s ` 83.89 crore ,prcv|ous ycer ` o8.1o crorc).
I. Actuarial Assumptions
|r|nc|pe| essump||ons usco for ec|uer|e| ve|ue||on erc:
2011 2O1O
|) Vc|hoo usco |ro¦cc|co 0n|| Crco|| Vc|hoo
||) ||scoun| re|c 8.00% 7.5O%
|||) |xpcc|co re|c of rc|urn on essc|s:
Gre|u||y -
|cns|on -
8.00%
7.00%
8.OO%
7.OO%
|v) |u|urc se|ery |ncrcesc 5.50% 5.OO%
¹hc 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| mene¸cmcn| eno h|s|or|ce| rc|urns from p|en
essc|s.
J. ¹hc Compeny's ccs| cs||me|c of |hc con|r|cu||on |overos Gre|u||y/|cns|on for |hc nnenc|e| ycer 2O11-12 |s ` 35.04 crore.
19. ¹hc cffcc| of forc|¸n cxchen¸c nuc|ue||on our|n¸ |hc ycer |s es unocr:
|) ¹hc emoun| of cxchen¸c o|ffcrcnccs ,nc|) occ||co |o |hc |ron| & |oss /ccoun| |s ` 6.50 crore ,prcv|ous ycer crco|| of ` 18.91 crorc).
||) ¹hc emoun| of cxchen¸c o|ffcrcnccs ,nc|) occ||co |o |hc cerry|n¸ emoun| of nxco essc|s eno Cep||e| vor|-|n-pro¸rcss |s ` 168.29 crore
{prcv|ous ycer crco|| of ` 1,181.54 crorc].
2O. borrov|n¸ cos|s cep||e||sco our|n¸ |hc ycer |s ` 1,743.61 crore ,prcv|ous ycer ` 1,48O.4O crorc).
21. Segment information:
e) bus|ncss Sc¸mcn|s:
¹hc 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, pro¦cc| mene¸cmcn| eno supcrv|s|on, o|| eno ¸es cxp|ore||on eno coe| m|n|n¸.
c) Sc¸mcn| |cvcnuc eno |xpcnsc
|cvcnuc o|rcc||y e||r|cu|ec|c |o |hc sc¸mcn|s |s cons|ocrco es Sc¸mcn| |cvcnuc. |xpcnscs o|rcc||y e||r|cu|ec|c |o |hc sc¸mcn|s eno
common cxpcnscs e||oce|co on e rcesonec|c ces|s erc cons|ocrco es Sc¸mcn| |xpcnscs.
c) Sc¸mcn| /ssc|s eno ||ec|||||cs
Sc¸mcn| essc|s |nc|uoc e|| opcre||n¸ essc|s |n rcspcc||vc sc¸mcn|s compr|s|n¸ of nc| nxco essc|s eno currcn| essc|s, |oens eno eovenccs.
Cons|ruc||on vor|-|n-pro¸rcss, cons|ruc||on s|orcs eno eovenccs erc |nc|uoco |n une||oce|co corpore|c eno o|hcr essc|s. Sc¸mcn|
||ec|||||cs |nc|uoc opcre||n¸ ||ec|||||cs eno prov|s|ons.
35
th
Annual Report 2010-2011 139
,` crorc)
Business Segments
Generation Others Total
Current Year |rcv|ous /cer Current Year |rcv|ous /cer Current Year |rcv|ous /cer
|cvcnuc :
Se|c of |ncr¸y/Consu||ency, |ro¦cc| Vene¸cmcn|
eno Supcrv|s|on fccs
*
54,704.55 4o,1o8.o7 169.45 153.92 54,874.00 4o,322.59
ln|crne| consump||on of c|cc|r|c||y 64.68 55.1O - - 64.68 55.1O
¹o|e| 54,769.23 4o,223.77 169.45 153.92 54,938.68 4o,377.o9
Sc¸mcn| |csu|| # 12,094.83 1O,152.53 50.20 58.1o 12,145.03 1O,219
0ne||oce|co Corpore|c ln|crcs| eno O|hcr lncomc 2,166.43 2,4o7.oo
0ne||oce|co Corpore|c cxpcnscs, |n|crcs| eno
nnencc cher¸cs
2,261.86 1,792.88
|ron| ccforc ¹ex 12,049.60 1O,885.4o
lncomc/|r|n¸c bcncn| ¹excs ,|c|) 2,947.01 2,157.2o
|ron| ef|cr ¹ex 9,102.59 8,728.2O
O|hcr |nforme||on
Sc¸mcn| essc|s 53,166.50 4o,95o.8o 110.76 143.32 53,277.26 47,1OO.18
0ne||oce|co Corpore|c eno o|hcr essc|s 72,430.11 o5,773.57
¹o|e| essc|s 53,166.50 4o,95o.8o 110.76 143.32 125,707.37 112,873.75
Sc¸mcn| ||ec|||||cs 7,906.27 7,5Oo.oo 106.51 88.87 8,012.78 7,595.53
0ne||oce|co Corpore|c eno o|hcr ||ec|||||cs 49,802.34 42,84O.7O
¹o|e| ||ec|||||cs 7,906.27 7,5Oo.oo 106.51 88.87 57,815.12 5O,43o.23
|cprcc|e||on ,|nc|uo|n¸ pr|or pcr|oo) 1,333.45 2,o17.95 0.13 O.17 1,333.58 2,o18.12
|on-cesh cxpcnscs o|hcr |hen |cprcc|e||on 1,542.64 1O.88 1.45 - 1,544.09 1O.88
Cep||e| |xpcno||urc 11,864.09 9,8o4.o9 270.21 113.85 12,134.30 9,978.54
* lnc|uocs ` 1,139.38 crore ,prcv|ous ycer ,-) ` oOO crorc) for se|cs rc|e|co |o cer||cr ycers.
# Gcncre||on sc¸mcn| rcsu|| vou|o hevc cccn ` 10,955.45 crore ,prcv|ous ycer ` 1O,753.13crorc) v||hou| |nc|uo|n¸ |hc se|cs rc|e|co |o cer||cr
ycers.
o) ¹hc opcre||ons of |hc Compeny erc me|n|y cerr|co ou| v||h|n |hc coun|ry eno |hcrcforc, ¸co¸reph|ce| sc¸mcn|s erc |nepp||cec|c.
22. Related Party Disclosures:
e) |c|e|co per||cs:
|) !o|n| vcn|urcs:
0|||||y |ovcr|cch ||o., |¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o., b|-|¹|C |ncr¸y Sys|cms ||o.
|| ) |cy Vene¸cmcn| |crsonnc|:
Shr| /rup |oy Chouohury
1
Che|rmen eno Vene¸|n¸ ||rcc|or
Shr| |.S. Sherme
2
Che|rmen eno Vene¸|n¸ ||rcc|or
Shr| Chenoen |oy
3
||rcc|or ,Opcre||ons)
Shr| /.|. S|n¸he| ||rcc|or ,||nencc)
Shr| |.C. Shr|ves|ev
4
||rcc|or ,|umen |csourccs)
Shr| l.!. |epoor ||rcc|or ,Commcrc|e|)
Shr|.b.|.S|n¸h ||rcc|or ,|ro¦cc|s)
Shr| |.|.!e|n
5
||rcc|or ,¹cchn|ce|)
Shr| S.|.S|n¸h
o
||rcc|or ,|umen |csourccs)
Shr| |.|.V|sre
7
||rcc|or ,Opcre||ons)
1. \.c.f. 1
s|
Scp|cmccr 2O1O 2. Supcrennue|co on 31
s|
/u¸us| 2O1O 3. Supcrennue|co on 31
s|
!u|y 2O1O 4. Supcrennue|co on 3O
|h
!unc 2O1O
5. \.c.f. 13
|h
Vey 2O1O o. \.c.f. 1o
|h
Oc|occr 2O1O 7. \.c.f. 19
|h
Oc|occr 2O1O.
35
th
Annual Report 2010-2011 14O
c) ¹rensec||ons v||h |hc rc|e|co per||cs e| e ,|) ecovc erc es fo||ovs: ,` crorc)
Particulars Current Year |rcv|ous /cer
Transactions during the year
º Con|rec|s for \or|s/ Scrv|ccs for scrv|ccs rccc|vco cy |hc Compeny:
- 0|||||y |ovcr|cch ||o.
- |¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o.
240.52
14.15
217.55
9.93
º |cpu|e||on of |mp|oyccs:
- 0|||||y |ovcr|cch ||o.
- |¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o.
0.50
0.57
1.75
4.4o
º ||v|ocno |ccc|vco:
- 0|||||y |ovcr|cch ||o.
- |¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o.
1.00
0.36
O.3O
O
º /moun| rccovcrec|c for con|rec|s for vor|s/scrv|ccs rccc|vco:
- 0|||||y |ovcr|cch ||o.
- |¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o.
0.60
0.87
O.25
1.o4
º /moun| peyec|c for con|rec|s for vor|s/scrv|ccs rccc|vco:
- 0|||||y |ovcr|cch ||o.
- |¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o.
47.16
17.52
3o.14
14.o8
º /moun| rccovcrec|c on eccoun| of ocpu|e||on of cmp|oyccs:
- 0|||||y |ovcr|cch ||o.
- |¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o.
0.66
0.93
O.73
1.81
¹hc Compeny hes rccc|vco cen| ¸ueren|ccs from 0|||||y |ovcr|cch ||o. for en emoun| of ` 4.18 crore ,prcv|ous ycer ` 4.O2 crorc).
c) |cmuncre||on |o |cy mene¸cmcn| pcrsonnc| for |hc ycer |s ` 3.06 crore ,prcv|ous ycer ` 2.o3 crorc) eno emoun| of oucs ou|s|eno|n¸ |o
|hc Compeny es on 31
s|
Verch 2O11 erc ` 0.11 crore ,prcv|ous ycer ` O.Oo crorc).
23. Disclosure regarding leases:
a) Finance leases
¹hc Compeny 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 e¸rccmcn|s, oc|e||s
of vh|ch erc es unocr:
,` crorc)
31.03.2011 31.3.2O1O
e) Oc||¸e||ons |overos m|n|mum |cesc peymcn|s
º |o| |e|cr |hen onc ycer 0.68 7
º |e|cr |hen onc ycer eno no| |e|cr |hen nvc ycers 0.70 O.83
º |e|cr |hen nvc ycers - -
¹o|e| 1.38 1.5O
c) |rcscn| ve|uc of ,e) ecovc
º |o| |e|cr |hen onc ycer 0.57 O.53
º |e|cr |hen onc ycer eno no| |e|cr |hen nvc ycers 0.64 O.74
º |e|cr |hen nvc ycers - -
¹o|e| 1.21 1.27
c) ||nencc Cher¸cs 0.17 O.23
b) Operating leases
¹hc Compeny's s|¸n|ncen| |ces|n¸ erren¸cmcn|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. ¹hcsc |ces|n¸ erren¸cmcn|s erc usue||y rcncvec|c on mu|ue||y e¸rcco |crms cu| erc no| non-cencc||ec|c.
Schcou|c 2O - |mp|oyccs' rcmuncre||on eno ccncn|s |nc|uoc ` 70.23 crore ,prcv|ous ycer ` o8.85 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 Schcou|c 21 ÷ 'Gcncre||on, /om|n|s|re||on eno O|hcr |xpcnscs'. |ur|hcr our|n¸ |hc ycer, |hc
Compeny hes |e|cn e hc||cop|cr on vc| |cesc ces|s eno |hc emoun| of |cesc cher¸cs |s |nc|uoco |n 'V|scc||encous |xpcnscs' |n Schcou|c
21 ÷ 'Gcncre||on, /om|n|s|re||on eno O|hcr |xpcnscs'.
24. Earning per share:
¹hc c|cmcn|s cons|ocrco for ce|cu|e||on of |ern|n¸ |cr Sherc ,bes|c eno |||u|co) erc es unocr:
Current Year |rcv|ous /cer
|c| |ron| ef|cr ¹ex usco es numcre|or - ` crorc 9,102.59 8,728.2O
\c|¸h|co evcre¸c numccr of cqu||y shercs usco es ocnom|ne|or 824,54,64,400 824,54,o4,4OO
|ern|n¸ pcr sherc ,bes|c eno |||u|co) - ` 11.04 1O.59
|ecc ve|uc pcr sherc ÷ ` 10/- 1O/-
35
th
Annual Report 2010-2011 141
25. e) ¹hc ||cm-v|sc oc|e||s of ocfcrrco |ex ||ec||||y ,nc|) erc es unocr: ,` crorc)
31.03.2011 31.O3.2O1O
|cfcrrco |ex ||ec||||y
|) ||ffcrcncc of coo| ocprcc|e||on eno |ex ocprcc|e||on 6,082.92 4,1O4.oo
|css: |cfcrrco |ex essc|s
|) |rov|s|ons & O|hcr o|se||ovenccs for |ex purposcs 1,205.52 847.83
||) ||se||ovenccs u/s 43b of |hc lncomc ¹ex /c|, 19o1 323.00 2O7.42
1,528.52 1O55.25
|cfcrrco |ex ||ec||||y ,nc|) - ,e) 4,554.40 3,O49.41
|ccovcrec|c from ccncnc|er|cs es pcr |c¸u|e||on 39 of |c¸u|e||ons 2OO9 - ,c) 3,951.45 2,84O.1o
be|encc ,e)-,c) 602.95 2O9.25
¹hc nc| |ncrcesc our|n¸ |hc ycer |n |hc ocfcrrco |ex ||ec||||y |s ` 393.69 crore ,prcv|ous ycer ` 2O9.1O crorc) hes cccn occ||co |o |ron|
& |oss /ccoun|.
2o. |cscerch eno ocvc|opmcn| cxpcno||urc cher¸co |o rcvcnuc our|n¸ |hc ycer |s ` 28.30 crore ,prcv|ous ycer ` 2O.5o crorc).
27. Interest in Joint Ventures:
a) Joint Venture Entities :
Company Proportion of ownership interest as on
(Excluding Share Application Money)
31.03.2011 31.O3.2O1O
% age % e¸c
1. 0|||||y |ovcr|cch ||o. 50 5O
2. |¹|C - /|s|om |ovcr Scrv|ccs |r|ve|c ||o. 50 5O
3. |¹|C-S/l| |ovcr Compeny |r|ve|c ||o.* 50 5O
4. |¹|C -¹em||neou |ncr¸y Compeny ||o.* 50 5O
5. |e|ne¸|r| Ges eno |ovcr |r|ve|c ||o. 30.17 29.o5
o. /reve|| |ovcr Compeny |r|ve|c ||o. 50 5O
7. |¹|C - SCC| G|oce| vcn|urcs |r|ve|c ||o. 50 5O
8. Vc¦e 0r¦e ||¸em |r|ve|c ||o. 50 5O
9. |¹|C - b||| |ovcr |ro¦cc|s |r|ve|c ||o. 50 5O
1O. b| - |¹|C |ncr¸y Sys|cms ||o.* 49 49
11. |ec|ne¸er |ovcr Gcncre||n¸ Compeny |r|ve|c ||o. 50 5O
12. |e||one| |ovcr |xchen¸c ||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 ¹cs| |ecore|ory |r|ve|c ||o.* 25 25
15. ¹rensformcrs & ||cc|r|ce| |cre|e ||o.* 44.60 44.oO
1o. |ncr¸y |fnc|cncy Scrv|ccs |r|ve|c ||o.* 25 25
17. Cl| |¹|C 0r¦e |r|ve|c ||m||co* 50 -
* ¹hc eccoun|s erc uneuo||co
35
th
Annual Report 2010-2011 142
¹hc ecovc ¦o|n| vcn|urc cn||||cs erc |ncorpore|co |n lno|e. ¹hc Compeny's sherc of |hc essc|s, ||ec|||||cs, con||n¸cn| ||ec|||||cs eno cep||e|
comm||mcn| es e| 31
s|
Verch 2O11 eno |ncomc eno cxpcnscs for |hc ycer |n rcspcc| of ¦o|n| vcn|urc cn||||cs cesco on euo||co/uneuo||co
eccoun|s erc ¸|vcn cc|ov:
,` crorc)
31.03.2011 31.O3.2O1O
/. /ssc|s
• |on¸ ¹crm /ssc|s 10,573.99 8,o72.88
• Currcn| /ssc|s 1,255.69 1,O32.OO
¹o|e| 11,829.68 9,7O4.88
b. ||ec|||||cs
• |on¸ ¹crm ||ec|||||cs 7,472.12 o,339.54
• Currcn| ||ec|||||cs eno |rov|s|ons 1,127.83 915.55
¹o|e| 8,599.95 7,255.O9
C. Con||n¸cn| ||ec|||||cs 123.10 59.89
|. Cep||e| Comm||mcn|s 2,673.05 3,989.5O
Current Year |rcv|ous /cer
|. lncomc 2,442.99 1,83o.9O
|. |xpcnscs 2,125.75 1,723.8O
b) Joint Venture Operations:
|) |ur|n¸ |hc ycer, |hc Compeny e|on¸-v||h somc puc||c scc|or unocr|e||n¸s 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 2O11 eno cxpcno||urc for |hc ycer erc ¸|vcn cc|ov :
,` crorc)
Item 2010-11
(Un-audited)
|xpcnscs 3.11
/ssc|s 0.03
||ec|||||cs 3.14
Cep||e| Comm||mcn|s 81.03
||) Sucscqucn| |o |hc v||horeve| cy |hc opcre|or V/s Gcopc|ro| ln|crne||one| lnc. from c|oc| //-O||-2OO3/2 vhcrc|n |hc Compeny hes
4O% |l, e||cmp|s |o eccomp||sh |hc rcs|oue| cxp|ore|ory ec||v|||cs cy rccons|||u||n¸ |hc consor||um o|o no| y|c|o rcsu||. Somc of |hc
scrv|cc prov|ocrs hevc |n|||e|co |c¸e| proccco|n¸s e¸e|ns| |hc consor||um for peymcn| of |hc|r c|e|ms. ¹hc opcre|or hes rc¦cc|co |hcsc
c|e|ms s|ncc |hcy erc no| peyec|c es pcr |hc |crms of con|rec|. |ur|hcr, ||rcc|ore|c Gcncre| of |yorocercons ,|G|) hes commun|ce|co
|hc cos| of unnn|shco m|n|mum vor| pro¸remmc |o |hc consor||um v||h Compeny's sherc cc|n¸ 0S $ 7.51o m||||on (equivalent ` 33.99
crore). ¹hc Compeny hes sou¸h| ve|vcr of |hc c|e|m c|||n¸ forcc-me¦curc cono|||ons e| s||c |ceo|n¸ |o suspcns|on of cxp|ore|ory ec||v|||cs.
¹hc Compeny cxpcc|s fevourec|c occ|s|on eno, hcncc no prov|s|on |s cons|ocrco ncccssery.
besco on |hc un-euo||co s|e|cmcn| of |hc eccoun|s forveroco cy |hc opcre|or, |hc Compeny's sherc |n |hc essc|s eno ||ec|||||cs es e| 31
s|

Verch 2O11 eno cxpcno||urc for |hc ycer |s es unocr:
,` crorc)
Item 2010-11
(Un-audited)
2OO9-1O
,0n- euo||co)*
|xpcnscs 0.43 3.21
/ssc|s 14.64 14.9O
||ec|||||cs 1.92 1.7o
Con||n¸cn| ||ec|||||cs 78.50 4o.4o
,* S|ncc euo||co)
28. /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.
35
th
Annual Report 2010-2011 143
29. Foreign currency exposure not hedged by a derivative instrument or otherwise: ,` crorc)
S|.
|o
|er||cu|ers Currcnc|cs /moun|
31.03.2011 31.O3.2O1O
e) borrov|n¸s, |nc|uo|n¸ |n|crcs| eccruco cu| no| ouc |hcrcon. 0S|
JPY
O|hcrs
7,157.37
3,125.17
441.21
7,O52.1o
2,911.3O
422.53
c) Sunory crco||ors/ocpos||s eno rc|cn||on mon|cs 0S|
|0|O
O|hcrs
1,144.72
540.95
30.31
9o7.18
349.34
41.91
c) Sunory occ|or eno ben| ce|enccs 0S| 2.08 1.5o
o) 0ncxccu|co emoun| of con|rec|s rcme|n|n¸ |o cc cxccu|co 0S|
|0|O
O|hcrs
2,361.57
3,311.03
25.22
3,34o.52
4,o42.55
32.88
3O. ¹hc prc-comm|ss|on|n¸ cxpcnscs our|n¸ |hc ycer emoun||n¸ |o ` 112.75 crore ,prcv|ous ycer ` 145.88 crorc) hevc cccn |nc|uoco |n ||xco
/ssc|s/Cep||e| vor|-|n-pro¸rcss ef|cr eo¦us|mcn| of prc-comm|ss|on|n¸ se|cs of ` 34.96 crore ,prcv|ous ycer ` 9o.1O crorc) rcsu|||n¸ |n e nc|
prc-comm|ss|on|n¸ cxpcno||urc of ` 77.79 crore ,prcv|ous ycer ` 49.78 crorc).
31. |eymcn| |o |hc S|e|u|ory /uo||ors ,Schcou|c - 21): ,` crorc)
Current year |rcv|ous ycer
/uo|| |ccs 0.82 O.74
¹ex euo|| |ccs 0.29 O.2o
Ccr||nce||on |ccs 0.82 O.82
|c|mcurscmcn|s
-¹revc|||n¸ |xpcnscs 0.74 O.43
- Scrv|cc ¹ex 0.20 O.19
¹o|e| 2.87 2.44
32. lnforme||on |n rcspcc| of V|cro, Sme|| eno Vco|um |n|crpr|scs es e| 31
s|
Verch 2O11: ,` crorc)
Sl. Particulars Amount
e) /moun| rcme|n|n¸ unpe|o |o eny supp||cr:
º |r|nc|pe| emoun|
º ln|crcs| ouc |hcrcon
9.23
-
c) /moun| of |n|crcs| pe|o |n |crms of Scc||on 1o of |hc V|cro, Sme|| eno Vco|um |n|crpr|scs |cvc|opmcn| /c|,
2OOo e|on¸-v||h |hc emoun| pe|o |o |hc supp||crs ccyono |hc eppo|n|co oey. ,* ` 7,Oo2/-)
*
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 V|cro, Sme||
eno Vco|um |n|crpr|scs |cvc|opmcn| /c|, 2OOo.
O.O2
o) /moun| of |n|crcs| eccruco eno rcme|n|n¸ unpe|o O.O2
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 V|cro, Sme|| eno Vco|um |n|crpr|scs |cvc|opmcn| /c|, 2OOo
-
33. |oens eno /ovenccs ouc from sucs|o|er|cs: ,` crorc)
Name of Subsidiary Outstanding Balance
as at
Maximum Amount
Outstanding
31.03.2011 31.O3.2O1O 31.03.2011 31.O3.2O1O
|¹|C ||cc|r|c Supp|y Compeny ||o. 7.82 8.o8 12.56 31
|¹|C v|oyu| vyeper ||¸em ||o 1.25 8.5O 9.20 21.1o
|¹|C |yoro ||o. 0.38 1.OO 14.07 4.O2
|en|| b|¦|cc 0|peoen ||¸em ||o. 36.11 33.Oo 37.10 39.42
bhere||ye |e|| b|¦|cc Compeny ||o. 1.53 2.O3 2.14 7.19
¹o|e| 47.09 53.27 75.07 1O2.4O
35
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Annual Report 2010-2011 144
34. ||sc|osurc es rcqu|rco cy C|eusc 32 of ||s||n¸ /¸rccmcn|s:
/. |oens eno /ovenccs |n |hc ne|urc of |oens:
1. ¹o Sucs|o|ery Compen|cs ,` crorc)
Name of the Company Ou|s|eno|n¸ be|encc
es e|
Vex|mum emoun| ou|s|eno|n¸
|ur|n¸ |hc ycer cnoco
31.03.2011 31.O3.2O1O 31.03.2011 31.O3.2O1O
|en|| b|¦|cc 0|peoen ||¸em ||o. 21.71 2o.29 26.29 3O.75
|¹|C v|oyu| vyeper ||¸em ||o. Nil ||| Nil 1o.5O
2. ¹o ||rms/Compen|cs |n vh|ch ||rcc|ors erc |n|crcs|co : |||
3. \hcrc |hcrc |s no rcpeymcn| schcou|c or rcpeymcn| : ` 21.71 crorc
ccyono scvcn ycer or no |n|crcs| or |n|crcs| cc|ov
Scc||on 372/ of |hc Compen|cs /c|, 195o
b. lnvcs|mcn| cy |hc |oencc ,es oc|e||co ecovc) |n |hc shercs of |¹|C : |||
35. |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 2O11 |s ` 23,779.74 crore
,prcv|ous ycer ` 3O,534.58 crorc).
3o. Contingent Liabilities:
1. C|e|ms e¸e|ns| |hc Compeny no| ec|nov|co¸co es occ|s |n rcspcc| of:
,|) Cep||e| \or|s
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 pro¦cc|s hevc |oo¸co c|e|ms
on |hc Compeny for ` 3,485.85 crore ,prcv|ous ycer ` 3,879.77 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 cher¸cs c|c. ¹hcsc 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.
¹hc 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| 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.
,||) |eno compcnse||on cescs
ln rcspcc| of |eno ecqu|rco for |hc pro¦cc|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||n¸cn| ||ec||||y of ` 1,851.08 crore ,prcv|ous ycer ` 1,78o.25 crorc) hes cccn
cs||me|co.
,|||) O|hcrs
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 fccs, pcne||y
on o|vcrs|on of e¸r|cu||ure| |eno |o non- e¸r|cu||ure| usc, |e|e |ex, \e|cr roye||y c|c. eno cy o|hcrs, con||n¸cn| ||ec||||y of ` 1,246.62
crore ,prcv|ous ycer ` 1,248.78 crorc) hes cccn cs||me|co.
¹hc con||n¸cn| ||ec|||||cs rcfcrrco |o |n ,|) ecovc, |nc|uocs en emoun| of ` 1,495.35 crorc rc|e||n¸ |o |hc hyoro povcr pro¦cc| s|e|co |n
|o|c no. 11 ecovc, for vh|ch Compeny cnv|se¸cs 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 |c¸u|e||ons suc¦cc| |o pruocncc chcc| cy |hc C||C. ln
cesc of ,|||), |hc cs||me|co poss|c|c rc|mcurscmcn| |s ` 146.97 crore ,prcv|ous ycer ` 428.9O crorc).
2. ||spu|co lncomc ¹ex/Se|cs ¹ex/|xc|sc Ve||crs
||spu|co lncomc ¹ex/Se|cs ¹ex/|xc|sc me||crs erc pcno|n¸ ccforc ver|ous /ppc||e|c /u|hor|||cs emoun||n¸ |o ` 2,465.26 crore ,prcv|ous
ycer ` 2,292.41 crorc) erc o|spu|co cy |hc Compeny eno con|cs|co ccforc ver|ous /ppc||e|c /u|hor|||cs. Veny of |hcsc me||crs erc
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|co poss|c|c rc|mcurscmcn| of ` 1,793.36 crore ,prcv|ous ycer ` 1,793.3o crorc)
3. O|hcrs
O|hcr con||n¸cn| ||ec|||||cs emoun|s |o ` 398.74 crore ,prcv|ous ycer ` 2oo.14 crorc)
Somc of |hc ccncnc|er|cs hevc n|co eppce|s e¸e|ns| |hc |er|ff orocrs of |hc C||C. ¹hc emoun| of con||n¸cn| ||ec||||y |n |h|s rc¸ero |s no|
esccr|e|nec|c.
37. Vene¸cr|e| rcmuncre||on pe|o/peyec|c |o ||rcc|ors
,` crorc)
Current Year |rcv|ous /cer
Se|er|cs eno e||ovenccs 2.26 1.95
Con|r|cu||on |o prov|ocn| funo & o|hcr funos |nc|uo|n¸ ¸re|u||y & ¸roup |nsurencc 0.40 O.21
O|hcr ccncn|s 0.40 O.47
||rcc|ors' fccs 0.28 O.29
35
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Annual Report 2010-2011 145
ln eoo|||on |o |hc ecovc rcmuncre||on |hc vho|c ||mc ||rcc|ors hevc cccn e||ovco |hc usc of s|eff cer |nc|uo|n¸ for pr|ve|c ¦ourncys, on peymcn|
of ` 78O/- pcr mon|h, es con|e|nco |n |hc V|n|s|ry of ||nencc ,b||) C|rcu|er |o.2 ,18)/pc/o4 o|.29.11.o4, es emcnoco.
¹hc prov|s|ons for/con|r|cu||on |o ¸re|u||y, |cevc cnceshmcn| eno pos|-rc||rcmcn| mco|ce| fec|||||cs erc esccr|e|nco on ec|uer|e| ve|ue||on oonc
on ovcre|| Compeny ces|s eno hcncc no| esccr|e|nec|c scpere|c|y.
38. ||ccnsco eno lns|e||co Cepec|||cs es e|: ,/s ccr||nco cy Vene¸cmcn|) Current Year |rcv|ous /cer
||ccnsco Cepec||y - |o| epp||cec|c
lns|e||co Cepec||y ,V\ Commcrc|e| un||s) 29,892 28,9O2
Ouen|||e||vc |nforme||on |n rcspcc| of Gcncre||on eno Se|c of ||cc|r|c||y:
e) |rc-comm|ss|on|n¸ pcr|oo :
Gcncre||on ,|n V0s) 162 4O1
Se|cs ,|n V0s) 141 338
c) Commcrc|e| pcr|oo :
Gcncre||on ,|n V0s) 220,379 218,439
Se|cs ,|n V0s) 206,582 2O5,O91
c) ve|uc of |mpor|s ce|cu|e|co on Cl| ces|s , ` crorc):
Cep||e| ¸ooos 965.31 89o.97
Sperc per|s 98.73 139.2o
o) |xpcno||urc |n forc|¸n currcncy , ` crorc):
|rofcss|one| eno Consu||ency fcc 5.80 5.33
ln|crcs| 514.43 358.82
O|hcrs 12.21 18.78
c) ve|uc of Componcn|s, S|orcs eno Sperc per|s consumco
,|nc|uo|n¸ fuc|) , ` crorc):
%age Amount %age Amount
lmpor|co 21.68 7,835.18 14.13 4,2oO.71
lno|¸cnous 78.32 28,304.29 85.87 25,895.97
f) |ern|n¸s |n forc|¸n cxchen¸c ,` crorc):
|rofcss|one| & Consu||ency fcc 1.01 O.8O
O|hcrs 0.11 O.O5
39. ||¸urcs hevc cccn rounoco off |o ncercs| rupccs |n crorcs up |o |vo occ|me|s.
4O. |rcv|ous ycer n¸urcs hevc cccn rc¸roupco /rcerren¸co vhcrcvcr cons|ocrco ncccssery.
|or eno on cche|f of |hc boero of ||rcc|ors
, /.|.|es|o¸|) ,/.|.S|n¸he|) , /rup |oy Chouohury)
Compeny Sccrc|ery ||rcc|or ,||nencc) Che|rmen & Vene¸|n¸ ||rcc|or
/s pcr our rcpor| of cvcn oe|c
|or |ess Gup|e & /ssoc|e|cs |or |.|.Son| & Co. |or verme & verme
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,/sho| |umer !e|n) ,S.S. Son|) ,C.G. |en|e¦e|shen)
|er|ncr |er|ncr |er|ncr
V |9O5o3 V |94227 V |2O512
|or |ere|h & Co. |or b.C. !e|n & Co. |or S.|. Vch|e & Co.
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,v.|. Ven|r|) ,||shech !e|n) ,|oh|| Vch|e)
|er|ncr |er|ncr |er|ncr
V |74o78 V |o.4OO912 V.|91382
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O11
35
th
Annual Report 2010-2011 14o
Information pursuant to Part IV of Schedule VI of the Companies Act, 1956
BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSINESS PROFILE
I. Registration Details
|c¸|s|re||on |o. 7 9 o o 1 9 7 5 - 7 o S|e|c Cooc: 5 5
be|encc Shcc| oe|c 3 1 O 3 1 1
II. Capital Raised during the year (Amount in ` Thousands).
|uc||c lssuc | l | ||¸h|s lssuc | l |
bonus lssuc | l | |r|ve|c ||eccmcn| | l |
III. Position of Mobilisation and Deployment of Funds (Amount in ` Thousands)
¹o|e| ||ec|||||cs ¹o|e| /ssc|s
1 2 9 o 5 8 8 2 4 3 1 2 9 o 5 8 8 2 4 3
Sources of Funds
|e|o up Cep||e| |cscrvcs & Surp|us
8 2 4 5 4 o 4 4 5 9 o 4 o 7 8 4 7
Sccurco |oens 0nsccurco |oens
9 9 1 O o 8 3 o 3 3 2 7 7 5 o O 9
|cfcrrco ¹ex ||ec||||y ,|c|) |cfcrrco |cvcnuc/lncomc/||ec||||y
o O 2 9 4 7 1 9 5 1 O 1 4 2
Application of Funds
|c| ||xco /ssc|s lnvcs|mcn|s
7 7 5 O o 5 9 4 4 1 2 3 4 4 8 4 4 o
|c| Currcn| /ssc|s V|sc. |xpcno||urc
2 2 3 2 3 8 o 9 3 | l |
/ccumu|e|co |osscs |cfcrrco /ssc|s/|xpcno||urc
| l | 4 5 9 1 4 o o
IV. Performance of Company (Amount in ` Thousands)
¹urnovcr |nc|. O|hcr lncomc ¹o|e| |xpcno||urc
5 7 4 O 7 3 O 3 O 4 5 3 5 7 o 9 9 2
|ron|/|oss ccforc |ex |ron|/|oss ef|cr |ex
+ 1 2 O 4 9 o O 3 8 + 9 1 O 2 5 9 2 O
|ern|n¸ pcr sherc |n ` ||v|ocno |e|c %
1 1 . O 4 3 8 . O O
V. Generic Names of Three Principal Products/Services of Company (as per monetary terms)
|roouc| |cscr|p||on: l|cm Cooc |o.
G | | | | / ¹ l O | O F | | | C ¹ | l C l ¹ Y | /
C O | S 0 | ¹ / | C Y S | | v l C | S | /
V / | / G | V | | ¹ O F P O W | | S ¹ / ¹ l O | S | /
|or eno on cche|f of |hc boero of ||rcc|ors
,/. |. |es|o¸|)
Compeny Sccrc|ery
,/. |. S|n¸he|)
||rcc|or ,||nencc)
,/rup |oy Chouohury)
Che|rmen & Vene¸|n¸ ||rcc|or
35
th
Annual Report 2010-2011 147
AUDITORS’ REPORT
To the Members of
NTPC LIMITED
1. \c hevc euo||co |hc e||echco be|encc Shcc| of NTPC LIMITED es e| 31
s|
Verch 2O11, |hc |ron| eno |oss /ccoun| eno e|so |hc Cesh ||ov
S|e|cmcn| for |hc ycer cnoco on |he| oe|c enncxco |hcrc|o. ¹hcsc nnenc|e| s|e|cmcn|s erc |hc rcspons|c||||y of |hc Compeny's mene¸cmcn|. 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 /uo|||n¸ S|enoeros ¸cncre||y ecccp|co |n lno|e. ¹hosc 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 from me|cr|e| m|ss|e|cmcn|. /n euo|| |nc|uocs cxem|n|n¸,
on |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 mene¸cmcn|, 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||ors' |cpor|) Orocr, 2OO3 |ssuco cy |hc Govcrnmcn| of lno|e |n |crms of suc-scc||on ,4/) of Scc||on 227 of
|hc Compen|cs /c|, 195o, vc cnc|osc |n |hc enncxurc e s|e|cmcn| on |hc me||crs spcc|nco |n pere¸rephs 4 eno 5 of |hc se|o Orocr.
4. |ur|hcr |o our commcn|s |n enncxurc rcfcrrco |o |n pere 3 ecovc, vc rcpor| |he|:
\c hevc oc|e|nco e|| |hc |nforme||on eno cxp|ene||ons vh|ch |o |hc ccs| of our |nov|co¸c eno cc||cf vcrc ncccssery for |hc purposcs e)
of our euo||,
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 c)
of |hosc coo|s,
¹hc be|encc Shcc|, |ron| eno |oss /ccoun| eno Cesh ||ov S|e|cmcn| oce|| v||h cy |h|s rcpor| erc |n e¸rccmcn| v||h |hc coo|s of c)
eccoun|,
ln our op|n|on, |hc be|encc Shcc|, |ron| eno |oss /ccoun| eno Cesh ||ov S|e|cmcn| oce|| v||h cy |h|s rcpor| comp|y v||h |hc /ccoun||n¸ o)
S|enoeros rcfcrrco |o |n suc-scc||on ,3C) of Scc||on 211 of |hc Compen|cs /c|, 195o,
bc|n¸ e Govcrnmcn| Compeny, pursuen| |o |hc |o||nce||on no. GS| 829,|) oe|co 21.1O.2OO3 |ssuco cy Govcrnmcn| of lno|e, prov|s|ons c)
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,
\||hou| que||fy|n¸ our rcpor|, vc orev e||cn||on |o |o|c no. 2 ,e) eno ,c) ,Schcou|c 2o - |o|cs on /ccoun|s) |n rcspcc| of eccoun||n¸ f)
of se|cs on prov|s|one| ces|s pcno|n¸ oc|crm|ne||on of |er|ff cy |hc Ccn|re| ||cc|r|c||y |c¸u|e|ory Comm|ss|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 se|o eccoun|s rceo v||h |hc ¸)
/ccoun||n¸ |o||c|cs eno |o|cs |hcrcon |n Schcou|c 2o, ¸|vc |hc |nforme||on rcqu|rco cy |hc Compen|cs /c|, 195o |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:
|n |hc cesc of be|encc Shcc|, of |hc s|e|c of effe|rs of |hc Compeny es e| 31 e.
s|
Verch 2O11,
|n |hc cesc of |ron| eno |oss /ccoun|, of |hc pron| for |hc ycer cnoco on |he| oe|c, eno c.
|n |hc cesc of Cesh ||ov S|e|cmcn|, of |hc cesh novs for |hc ycer cnoco on |he| oe|c. c.
|or |ess Gup|e & /ssoc|e|cs
Cher|crco /ccoun|en|s
||rm |c¸. |OO112|
_ /sho| |umer !e|n ,
|er|ncr
V. |o. O9O5o3
|or | | Son| & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |OO947|
_ S.S. Son| ,
|er|ncr
V. |o. O94227
|or verme eno verme
Cher|crco /ccoun|en|s
||rm |c¸. |O4532S
_ C.G. |en|e¦e|shen,
|er|ncr
V. |o. O2O512
|or |ere|h & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |1475C
_v. |. Ven|r| ,
|er|ncr
V. |o. O74o78
|or b.C. !e|n & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |O1O99C
_ ||shech !e|n ,
|er|ncr
V. |o. 4OO912
|or S. |. Vch|e & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |OO478|
_ |oh|| Vch|e ,
|er|ncr
V. |91382
||ecc: |cv |c|h|
|e|c: 1O
|h
Vey 2O11
35
th
Annual Report 2010-2011 148
ANNEXURE TO THE AUDITORS’ REPORT
Statement referred to in paragraph (3) of our report of even date to the members of NTPC LIMITED on the accounts for the year ended
31
st
March 2011
,|) ,e) ¹hc 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.
/|| |hc essc|s hevc no| cccn phys|ce||y vcr|nco cy |hc mene¸cmcn| our|n¸ |hc ycer cu| |hcrc |s e rc¸u|er pro¸remmc of vcr|nce||on vh|ch, ,c)
|n our op|n|on, |s rcesonec|c hev|n¸ rc¸ero |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.
Sucs|en||e| per| of |hc nxco essc|s hes no| cccn o|sposco off our|n¸ |hc ycer. ,c)
,||) ,e) ¹hc |nvcn|ory hes cccn phys|ce||y vcr|nco cy |hc mene¸cmcn| e| rcesonec|c |n|crve|s.
¹hc proccourcs of phys|ce| vcr|nce||on of |nvcn|ory fo||ovco cy |hc mene¸cmcn| erc rcesonec|c eno eocque|c |n rc|e||on |o |hc s|zc of ,c)
|hc Compeny eno |hc ne|urc of ||s cus|ncss.
¹hc Compeny |s me|n|e|n|n¸ propcr rccoros of |nvcn|ory. ¹hc o|scrcpenc|cs no||cco on phys|ce| vcr|nce||on of |nvcn|ory, vhcrcvcr ,c)
me|cr|e|, hevc cccn propcr|y oce|| v||h |n |hc coo|s of eccoun|.
,|||) ,e) ¹hc 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 c|eusc ,|||),e) ecovc, |hc c|euscs ,|||),c), ,|||),c) eno ,|||),o) erc no| epp||cec|c.
,c) ¹hc 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 ,|||) ,c) ecovc, |hc c|euscs ,|||) ,f) eno ,|||) ,¸) erc no| epp||cec|c.
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 ,|v)
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| me¦or 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 erren¸cmcn|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 c|eusc ,v) ,e) ecovc, |hc c|eusc ,v) ,c) |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 rc¸ero |o |hc ocpos||s ecccp|co from |hc puc||c. |o orocr hes cccn pessco cy |hc Compeny |ev
boero or |e||one| Compeny |ev ¹r|cune| or |cscrvc ben| of lno|e or eny Cour| or eny o|hcr |r|cune|.
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 ,v|||)
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 rc¸u|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 2O11 for e pcr|oo of morc |hen s|x mon|hs from |hc oe|c |hcy cccemc peyec|c.
¹hc o|spu|co s|e|u|ory oucs e¸¸rc¸e||n¸ |o ,c) ` 172.8o 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:
Sl.No. Name of Statute Nature of dues Forum where the dispute is pending ` crore
1 Ccn|re| Se|cs ¹ex eno Se|cs ¹ex/v/¹
/c|s of ver|ous S|e|cs
Se|cs ¹ex/v/¹ /oo|||one| Comm|ss|oncr of Se|cs ¹excs 25.27
Comm|ss|oncr of Se|cs ¹ex o.4o
|y. comm|ss|oncr of Se|cs/ Commcrc|e| ¹excs 15.93
||¸h Cour| 83.38
Se|cs ¹ex ¹r|cune| 1.O7
!o|n| Comm|ss|oncr ,/ppce|) ¹reoc |ex 2.4o
2 \e|cr ,|rcvcn||on & Con|ro| of
|o||u||on) Ccss /c|, 1977
\e|cr/|o||u||on Ccss /ppc||e|c /u|hor||y, |o||u||on Con|ro| boero 1.2o
3. lno|en S|emp /c|, 1899 |eno ¹ex /ppc||e|c /u|hor||y ÷ boero of |cvcnuc O.9o
4. Ccn|re| |xc|sc /c|, 1944 Ccn|re| |xc|sc |u|y C|S¹/¹ O.3O
5. lncomc ¹ex /c|, 19o1 lncomc ¹ex lncomc ¹ex /ppc||e|c ¹r|cune|/Cl¹ O.35
/||eheceo ||¸h Cour| 34.7O
/ss|. Comm|ss|oncr O.72
Total 172.86
¹hc 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 ,x)
prccco|n¸ nnenc|e| ycer.
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| ,x|)
|ns|||u||ons, cen|s or occcn|urc ho|ocrs.
35
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Annual Report 2010-2011 149
/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 ,x||)
p|co¸c of shercs, occcn|urcs eno o|hcr sccur|||cs.
¹hc Compeny |s no| e ch|| funo or e n|oh|/mu|ue| ccncn| funo/soc|c|y. ¹hcrcforc, |hc prov|s|ons of c|eusc 4,x|||) of |hc Compen|cs ,/uo||or's ,x|||)
|cpor|) Orocr, 2OO3 erc no| epp||cec|c |o |hc Compeny.
¹hc 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 ,x|v)
|hc Compen|cs ,/uo||or's |cpor|) Orocr, 2OO3 erc no| epp||cec|c |o |hc Compeny.
¹hc 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| ,xv||)
no funos re|sco on shor|-|crm ces|s hevc cccn usco for |on¸-|crm |nvcs|mcn|s.
/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. ,xv|||)
/ccoro|n¸ |o |hc |nforme||on eno cxp|ene||ons ¸|vcn |o us, |hc Compeny hes crce|co sccur||y or cher¸c |n rcspcc| of |hc bonos |ssuco cy |hc ,x|x)
Compeny our|n¸ |hc ycer cxccp| |n rcspcc| of ccr|e|n conos re|sco |n Verch 2O11 for vh|ch sccur||y crce||on |s |n proccss.
/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, no freuo on or cy |hc Compeny hes cccn no||cco or rcpor|co our|n¸ |hc ycer. ,xx|)
|or |ess Gup|e & /ssoc|e|cs
Cher|crco /ccoun|en|s
||rm |c¸. |OO112|
_ /sho| |umer !e|n ,
|er|ncr
V. |o. O9O5o3
|or | | Son| & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |OO947|
_ S.S. Son| ,
|er|ncr
V. |o. O94227
|or verme eno verme
Cher|crco /ccoun|en|s
||rm |c¸. |O4532S
_ C.G. |en|e¦e|shen ,
|er|ncr
V. |2O512
|or |ere|h & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |1475C
_v. |. Ven|r| ,
|er|ncr
V. |o. O74o78
|or b.C. !e|n & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |O1O99C
_ ||shech !e|n ,
|er|ncr
V. |o.4OO912
|or S. |. Vch|e & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |OO478|
_ |oh|| Vch|e ,
|er|ncr
V. |91382
||ecc: |cv |c|h|
|e|c: 1O
|h
Vey 2O11
35
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Annual Report 2010-2011 15O
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 2011
¹hc prcpere||on of nnenc|e| s|e|cmcn|s of |¹|C ||m||co, |cv |c|h|, for |hc ycer cnoco 31 Verch 2O11 |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 mene¸cmcn| of |hc compeny. ¹hc 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. ¹h|s |s s|e|co |o hevc cccn oonc cy |hcm v|oc |hc|r
/uo|| |cpor| oe|co 1O Vey 2O11.
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 |¹|C ||m||co, |cv |c|h|, for |hc ycer cnoco 31 Verch 2O11. ¹h|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|co¸c 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/-
,V. |. b|sves)
|r|nc|pe| ||rcc|or of Commcrc|e| /uo|| &
||ecc: |cv |c|h| |x-ofnc|o Vcmccr /uo|| boero - lll,
|e|co: 2O Vey 2O11 |cv |c|h|
35
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Annual Report 2010-2011 151
Revenue Expenditure on Social Overheads for the Year ended 31
st
March 2011
` Crorc
S|.
|o.
|er||cu|ers ¹ovnsh|p |ouce||on
& Schoo|
|ec|||||cs
Vco|ce|
|ec|||||cs
Sucs|o|sco
¹renspor|
Soc|e| &
Cu||ure|
/c||v|||cs
Sucs|o|sco
Cen|ccn
¹o|e| |rcv|ous /cer
1 |eymcn|s |o |mp|oyccs 4o.29 5.31 119.78 1.8o - 2.1O 175.34 115.1O
2 Ve|cr|e| Consumco 3.83 - 9.34 - - - 13.17 15.9O
3 |e|cs & ¹excs 3.o5 - - - - - 3.o5 2.1O
4 \c|ferc |xpcnscs 2.27 13.O9 99.3o 4.81 14.1o 2O.8o 154.55 94.OO
5 O|hcrs |nc|uo|n¸ |cpe|rs &
Ve|n|cnencc
oo.87 8.9O 14.12 O.34 O 1.22 92.O5 o2.5O
o |cprcc|e||on o5.O1 2.55 1.o7 - O.4O O.15 o9.78 18.3O
7 Suc |o|e| ,1-o) 187.92 29.85 244.27 7.O1 15.1o 24.33 5O8.54 3O7.9O
8 |css |ccovcr|cs 29.99 O.O9 4.15 O.11 O.32 - 34.oo 22.3O
9 |c| |xpcno||urc ,7-8) 157.93 29.7o 24O.12 o.9O 14.84 24.33 473.88 285.oO
1O |rcv|ous /cer 8o.oO 21.2O 141.9O 2.8O 13.5O 19.oO 285.oO -
EMPLOYEE COST SUMMARY
` crorc
|cscr|p||on 2OO1-O2 2OO2-O3 2OO3-O4 2OO4-O5 2OO5-Oo 2OOo-O7 2OO7-O8 2OO8-O9 2OO9-1O 2010-11
/. Se|er|cs, ve¸cs & ccncn|s
,|nc|.|rov|ocn| |uno eno
o|hcr con|r|cu||ons) 749.4O 759.OO 818.OO 824.8O 95o.8O 1,17O.3O 1,9O9.3O 2,58O.7O 2,ooo.oO 3,101.83
b. O|hcr bcncn|s
1. \c|ferc cxpcnscs 135.9O 135.2O 143.OO 172.3O 18O.7O 197.5O 32O.OO 31o.9O 28O.2O 293.44
2. ¹ovnsh|p 4o.9O 4O 57.5O o2.9O 5o.7O o1.OO o5.oO 74.5O 5o.2O 111.64
3. |ouce||one| & schoo| fec|||||cs 12.1O 11.9O 15.8O 1O 1O 18.3O 22.1O 2o.9O 14.1O 24.45
4. Vco|ce| fec|||||cs 35.9O 38.3O 42.7O 42.4O 44.4O 57.1O o5.OO o5.7O oo.1O 120.34
5. Sucs|o|sco |renspor| 3.9O 3.5O 4.5O 4.7O 4.oO 3.oO 4.8O 4.9O 2.4O 5.04
o. Soc|e| & cu||ure| ec||v|||cs 7.9O 7.9O 1O.9O 1O.8O 1O.OO 1O.2O 12.OO 11.5O 13.2O 14.84
7. Sucs|o|sco cen|ccn 11.4O 13.9O 15.9O 1O 17.4O 22.3O 2o.2O 18.5O 18.5O 22.23
¹o|e| , b ) 254.OO 25o.7O 29O.3O 325.1O 329.8O 37O.OO 515.7O 518.9O 45O.7O 591.98
Total ( A+B ) 1,003.40 1,015.70 1,108.30 1,149.90 1,286.60 1,540.30 2,425.00 3,099.60 3,117.30 3,693.81
8. /cer cno |o. of cmp|oyccs 21,383 21,4O8 2O,971 21,42O 21,87O 23,oO2 23,o77 23,39O 23,743 23,797
9. /vcre¸c |o. of cmp|oyccs 21,33o 21,39o 21,19O 21,19o 21,o45 22,73o 23,o4O 23,534 23,5o7 23,770
1O. /vcre¸c Se|ery, ve¸cs & ccncn|s
pcr cmp|oycc pcr ennum ,`) 351,237 354,747 38o,O4O 389,139 442,O42 514,734 8O7,o57 1,O9o,584 1,131,497 1,304,935
11. /vcre¸c cos| of o|hcr ccncn|s
pcr cmp|oycc pcr ennum ,`) 119,O48 119,979 137,OO2 153,382 152,3o8 1o2,738 218,147 22O,49O 191,242 249,045
12. /vcre¸c cos| of cmp|oyccs
rcmuncre||on & ccncn|s
pcr ennum ,`) 47O,285 474,72o 523,O42 542,521 594,41O o77,472 1,O25,8O4 1,317,O74 1,322,739 1,553,980
35
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Annual Report 2010-2011 152
SUBSIDIARY COMPANIES
NTPC ELECTRIC SUPPLY COMPANY LIMITED
,/ vho||y ovnco sucs|o|ery of |¹|C ||m||co)
DIRECTORS’ REPORT
¹o
|cer Vcmccrs,
/our ||rcc|ors hevc p|cesurc |n prcscn||n¸ |hc ||n|h /nnue| |cpor| on |hc vor||n¸ of
|hc Compeny for |hc nnenc|e| ycer cnoco on 31
s|
Verch 2O11 |o¸c|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)
2010-11 2OO9-1O
Total Income/Revenue 64.05 79.9o
¹o|e| |xpcno||urc 54.9o 4O.28
|r|or pcr|oo |ncomc/cxpcno||urc ,nc|) - ,O.72)
Pro?t before Tax 9.09 4O.4O
|css: ¹ex 3.O8 13.81
Pro?t after Tax 6.01 2o.59
be|encc crou¸h| forvero 43.19 23.98
Balance available for appropriation 49.20 5O.57
¹rensfcr |o Gcncre| |cscrvc 1 2.7O
|roposco ||v|ocno 4.OO 4.OO
¹ex on proposco ||v|ocno o 8
Surplus carried forward 43.93 43.19
DIVIDEND
/our ||rcc|ors hevc rccommcnoco e o|v|ocno of ` 4 Crorc © ` 494.38 pcr cqu||y
sherc on |hc fecc ve|uc of fu||y pe|o-up cqu||y sherc cep||e| of ` 1O/- cech. ¹hc
o|v|ocno she|| cc pe|o ef|cr your epprove| e| |hc /nnue| Gcncre| mcc||n¸.
OPERATIONAL REVIEW
/our Compeny hes rccc|vco '|xcc||cn|' re||n¸ e¸e|ns| |hc ech|cvcmcn| of Vo0 |er¸c|
for |hc ycers 2OO5-Oo, 2OOo-O7, 2OO7-O8, 2OO8-O9 eno 2OO9-1O |n succcss|on.
/our Compeny's o|s|r|cu||on !o|n| vcn|urc Compeny, |l||SCO |ovcr eno 0|||||y
|r|ve|c ||m||co, vh|ch |oo| ovcr opcre||ons |n |e||eneo lnous|r|e| erce e| |och|,
|cre|e from |hc crs|vh||c ||ccnscc v.c.f. |ccruery 1, 2O1O, rccoroco se|cs of ` 18.74
crorcs our|n¸ |hc nnenc|e| ycer 2O1O-11 eno e me|ocn |/¹ of ` O.4o crorc.
0nocr |hc |e¦|v Genoh| Gremccn v|oyu|||eren /o¦ene ,|GGv/), e ne¸sh|p pro¸remmc
of |hc Govcrnmcn| of lno|e |n|rooucco |n Verch 2OO5 v||h |hc oc¦cc||vc of prov|o|n¸
ecccss |o c|cc|r|c||y |o e|| v|||e¸cs eno rure| houscho|os, |hc Compeny |s cerry|n¸ ou|
pro¦cc| |mp|cmcn|e||on |n 29 o|s|r|c|s |n |hc s|e|cs of Veohye |reocsh, Chhe|||s¸erh,
Or|sse, !her|heno eno \cs| bcn¸e| for c|cc|r|fy|n¸ morc |hen 38OOO v|||e¸cs eno
prov|o|n¸ ecou| 31 |ec bc|ov |ovcr|y ||nc houscho|o conncc||ons. ¹hc Compeny |s
e|so cerry|n¸ ou| ver|ous consu||ency ess|¸nmcn|s |n o|s|r|cu||on scc|or.
/our Compeny hes e|so cccn ess|¸nco |hc vor| of prov|o|n¸ c|cc|r|c||y v||h|n 5 |ms.
erce of |¹|C pro¦cc|s unocr |hc ¨/eenche||| !yo|| ||ren /o¦ene'
/ oc|e||co o|scuss|on on opcre||ons eno pcrformencc for |hc ycer |s ¸|vcn |n
¨Vene¸cmcn| ||scuss|on eno /ne|ys|s', /nncxurc - l |nc|uoco es e scpere|c scc||on
|o |h|s rcpor|.
FIXED DEPOSITS
¹hc Compeny hes no| ecccp|co eny nxco ocpos|| our|n¸ |hc nnenc|e| ycer cno|n¸
31
s|
Verch 2O11.
AUDITORS’ REPORT AND MANAGEMENT COMMENTS THEREON
¹hc 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
nnenc|e| ycer 2O1O-11.
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. 7 eno 1O of schcou|c 19 |o |hc nnenc|e| s|e|cmcn|s. ¹hc no|c
cxp|e|ns |hc ces|s for eccoun||n¸ of cmp|oycc ccncn|s eno rcco¸n|||on of |ncomc
from consu||ency con|rec|s, rcspcc||vc|y. ¹hc semc erc |rce|co es pcr |hc /ccoun||n¸
|o||cy eoop|co cy |hc Compeny. ¹hc S|e|u|ory /uo||ors heo sou¸h| cxpcr| op|n|on
on |hc me||cr from |hc lns|||u|c of Cher|crco /ccoun|en|s of lno|e, vh|ch |s s||||
eve||co.
C&AG REVIEW
C&/G, v|oc |c||cr oe|co Vey 1o, 2O11, hes occ|oco no| |o rcv|cv |hc rcpor| of |hc
/uo||ors on |hc eccoun|s of |hc Compeny for |hc nnenc|e| ycer cnoco Verch 31,
2O11 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 rc¸ero |s p|ecco v||h |hc
rcpor| of S|e|u|ory /uo||ors of your Compeny.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNING AND OUTGO
¹hcrc erc no s|¸n|ncen| per||cu|ers, rc|e||n¸ |o conscrve||on of cncr¸y, |cchno|o¸y
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 cxchen¸c cern|n¸s eno ou|¸o.
PARTICULARS OF EMPLOYEES
|ur|n¸ |hc pcr|oo unocr rcv|cv |hc Compeny heo no cmp|oyccs of |hc ce|c¸ory,
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 ¦uo¸mcn|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 2O1O-11 eno of |hc pron| 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 sefc¸uero|n¸ |hc essc|s of |hc compeny eno for
prcvcn||n¸ eno oc|cc||n¸ freuo eno o|hcr |rrc¸u|er|||cs, eno
|hc o|rcc|ors heo prcperco |hc ennue| eccoun|s on e ¸o|n¸ conccrn ces|s. |v)
DIRECTORS
Shr| /rup |oy Chouohury, Che|rmen & Vene¸|n¸ ||rcc|or, |¹|C ||m||co, conscqucn|
upon nom|ne||on rccc|vco from |¹|C ||m||co, hes cccn eppo|n|co es en /oo|||one|
||rcc|or eno ocs|¸ne|co es Che|rmen of |hc Compeny v.c.f. Scp|cmccr 3, 2O1O. Shr|
|.S. Sherme, conscqucn| upon supcrennue||on from scrv|ccs of |¹|C ||m||co hes
ccesco |o cc |hc Che|rmen of |hc Compeny v.c.f. /u¸us| 31, 2O1O ,//|).
|ur|n¸ |hc nnenc|e| ycer unocr rcv|cv |hc boero of ||rcc|ors, conscqucn| upon
nom|ne||on rccc|vco from ||s ho|o|n¸ compeny v|z. |¹|C ||m||co, heo e|so eppo|n|co
Shr| S.|. S|n¸h, ||rcc|or ,||), |¹|C eno Shr| Shereo /neno, || ,|n¸¸.), |¹|C |n p|ecc
of Shr| S.C. |enocy, es /oo|||one| ||rcc|ors of |hc Compeny. ¹hc boero v|shcs |o
p|ecc on rccoro ||s occp epprcc|e||on for |hc ve|uec|c scrv|ccs rcnocrco cy Shr| |.S.
Sherme eno Shr| S.C. |enocy our|n¸ |hc|r essoc|e||on v||h |hc Compeny. Shr| /rup
|oy Chouohury, Shr| S.|. S|n¸h eno Shr| Shereo /neno ho|o ofncc up |o |hc oe|c of
|h|s /nnue| Gcncre| Vcc||n¸ cu| erc c||¸|c|c for eppo|n|mcn|. ¹hc Compeny hes
rccc|vco e rcqu|s||c no||cc |n vr|||n¸ from |¹|C ||m||co, propos|n¸ |hc|r 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, Shr| /.|. S|n¸he|, ||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 rc-eppo|n|mcn|.
ACKNOWLEDGEMENT
¹hc 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, |¹|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|.
For and on behalf of the Board of Directors
||ecc : |cv |c|h| (ARUP ROY CHOUDHURY)
|e|c : !u|y 4, 2O11 Chairman
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ANNEXURE-I
MANAGEMENT DISCUSSION AND ANALYSIS
INDUSTRY STRUCTURE AND DEVELOPMENTS
DISTRIBUTION
¹hc ||cc|r|c||y /c| 2OO3, rcqu|rcs |hc s|e|c ¸ovcrnmcn|s |o sc| up S|e|c ||cc|r|c||y
|c¸u|e|ory Comm|ss|ons for re||one||ze||on of cncr¸y |er|ffs eno formu|e||on of po||cy
v||h|n cech s|e|c. /s of Verch 31, 2O11, e|| |hc s|e|cs, cxccp| /runeche| |reocsh,
hevc sc| up |hc|r |c¸u|e|ory Comm|ss|ons. ln eoo|||on, |vo !o|n| ||cc|r|c||y |c¸u|e|ory
Comm|ss|ons hevc cccn sc| up for Ven|pur & V|zorem eno Goe & 0¹s. 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. ¹hc 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. ¹hc 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 o|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 oc¦cc||vc. ¹hc
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
o|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 me¦or
oppor|un||y on e |er¸c sce|c.
¹hcrc |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.
Development of Renewable Energy Sources (RES)
¹ooey, |hc |o|e| |ns|e||co cepec||y of |hc ne||on s|enos e| 173o2o V\ eno ||S, e|
18454 V\, eccoun|s for 1% of |h|s |o|e|. ¹h|s |s |er¸c|co |o ¸rov |o 2OOOOO V\
cy 2O12 of vh|ch ||S |s cxpcc|co |o con|r|cu|c 25OOO V\. ¹hc ||cc|r|c||y |c¸u|e|ors
hevc meoc || menoe|ory for |hc o|scoms |o sourcc ccr|e|n pcrccn|e¸c of ||s |npu|
povcr rcqu|rcmcn| |hrou¸h |cncvec|c |ncr¸y sourccs, |o cc |ncrcesco pro¸rcss|vc|y
cech ycer. ¹hc Govcrnmcn|, |n ||s qucs| for |on¸-|crm cncr¸y eno cnv|ronmcn|e|
sccur||y, |s scc||n¸ |o cnhencc |hc sherc of rcncvec|c povcr |n |hc ovcre|| cncr¸y
ces|c|. Ovcr |on¸cr |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 chen¸c. 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 cncr¸y |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.
\||h |hc |eunch of !eveher|e| |chru |e||one| So|er V|ss|on, lno|e hes cmcer|co upon
en emc|||ous pe|h |o |ep |hc ves| eno |ncxheus||c|c so|er sourcc. Go|n¸ cy cmcr¸|n¸
|rcnos, || |s emp|y c|cer |he| ¸rccn |cchno|o¸y |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. |¹|C
||m||co hev|n¸ e form|oec|c |rec| rccoro |n povcr pro¦cc|, cn¸|nccr|n¸, cons|ruc||on,
comm|ss|on|n¸, opcre||on eno me|n|cnencc for |hc |es| 3o ycers. |¹|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|e¸cs |o your Compeny.
¹hc profcss|one| menpovcr from |¹|C ||o., on scconomcn| e| your Compeny, hes
cccn ec|c |o |cvcre¸c |hc |nov|co¸c ¸e|nco from povcr pro¦cc| 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. ,||) pro¦cc| heno|n¸
ovcr eno ,|||) |hc r|s| of rcouc||on |n pron| mer¸|ns |n cesc of ||mc ovcrrun of such
pro¦cc|s.
OPPORTUNITIES AND OUTLOOK
¹hc ||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
|hrou¸h Opcn /cccss for vh|ch |hc s|e|c u|||||y |s oc||¸co |o prov|oc ncccssery
c|cerenccs. ¹h|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 pr|ve|c p|eycrs es vc|| es |hc s|e|c
|nous|r|e| ocvc|opmcn| corpore||ons vhcrc|n e con||¸uous ¸co¸reph|ce| erce of e||
such consumcrs cen cc cermer|co eno povcr fco from upcom|n¸ povcr p|en|s of
|¹|C eno ||s !vs. ¹ooey, vhcrcvcr me¦or |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.
\||h e me¦or |ncrcesc |n cepec||y eoo|||on |n |hc ¸cncre||on scc|or |n |hc coun|ry,
|hcrc |s en |mm|ncn| rcqu|rcmcn| of cx|cns|vc cepec||y eoo|||on |n |hc |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|e¸c 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 o|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.
¹overos |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 |¹|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.
|or ve|uc cnhenccmcn|, your Compeny |s e|so |oo||n¸ forvero |n ocvc|op|n¸
|rensm|ss|on/suc-|rensm|ss|on pro¦cc|s on bu||o-Opcre|c-Ovn mooc.
¹hc Govcrnmcn| of lno|e hes |eunchco |hc schcmc of supp|y of rc||ec|c povcr |o
erces v||h|n e reo|us of 5 |ms. of |ovcr S|e||ons sc| up cy Ccn|re| |uc||c Scc|or
0nocr|e||n¸s ce||co /eenche||| !yo|| ||ren /o¦ene. /our Compeny she|| nov
|mp|cmcn| |hc schcmc for e|| |hc povcr s|e||ons of |¹|C ||o.
¹o eovencc ||s opcre||one| eno nnenc|e| s|ec||||y, onc of |hc |cy oppor|un|||cs |hc
Compeny forcsccs |s |n ||S |n ¸cncre| eno v|no pro¦cc|s |n per||cu|er. /our Compeny
|s |oo||n¸ |overos |h|s oppor|un||y v||h ¸rce| |n|crcs| eno |s p|enn|n¸ |o conouc|
spcc|nc s|uo|cs for ¸cncre||n¸ ¸rccn povcr cy v|no ferms |n |oce||ons hev|n¸ h|¸h
v|no cncr¸y po|cn||e|.
¹hc 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 e cr|¸h| ou||oo| of en cconom|c ¸rov|h pro¦cc|co e| morc |hen 9%, |hc coun|ry
|s v||ncss|n¸ hu¸c po|cn||e| |nvcs|mcn|s |n corc |nfres|ruc|urc erces. \||h |hc
|ncrces|n¸ ocmeno ¸ep, |hc povcr scc|or |s e|so |oo||n¸ |overos |er¸c |nfus|on of
|nvcs|mcn|s. S|e|c ovnco |rensm|ss|on compen|cs erc scc||n¸ |o eu¸mcn| 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| eno |s |||c|y |o cxp|orc morc poss|c|||||cs |n |h|s cus|ncss sc¸mcn|.
RISKS AND CONCERNS
So fer |hc me|n |hrus| erce of your Compeny hes cccn pro¦cc| |mp|cmcn|e||on on
ocpos|| vor| ces|s unocr |GGv/. ¹h|s ec||v||y |s cxpcc|co |o |es| eno|hcr 12-15
mon|hs ef|cr vh|ch e suoocn occ||nc |n |hc rcvcnuc s|rcem |s forcsccn vh|ch |s
pcrcc|vco es e me¦or conccrn.
/||hou¸h |hc 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 o|scoms hevc no|
|mp|cmcn|co |hc semc |n sp|r||. ¹hc /c| cnv|se¸co ¸rov|h of c|cc|r|c||y o|s|r|cu||on
cus|ncss |hrou¸h pr|ve|c ||ccnsccs, |n|roouc||on of opcn ecccss eno phesco
v||horeve| of cross sucs|oy. bu|, so fer, |hcsc rc¸u|e||ons erc qu||c fer from
rce||ze||on. ¹hcrcforc, onc of |hc me¦or r|s|s en||c|pe|co cy your Compeny |s |hc
|nec||||y |o me|c e pcrccp||c|c prcscncc |n |hc o|s|r|cu||on scc|or unocr |hc prcve|cn|
sccner|o.
¹ooey, |o|e| menpovcr s|rcn¸|h of |hc Compeny |s 17O sprceo ovcr morc |hen 3O
|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 |er¸c menpovcr rcsourcc. ¹hc 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 |hc ecscncc of eny sus|e|nec|c rcvcnuc, your
Compeny, |o eoorcss |h|s conccrn, she|| cxp|orc |hc poss|c||||y of rcpe|r|e||n¸
menpovcr cec| |o |¹|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. |¹|C ||m||co. ¹hc 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. ¹hc 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 ln|crne| /uo|| |cper|mcn| of |¹|C
||m||co. /n |nocpcnocn| |n|crne| euo|| |s e|so cerr|co ou| cy cxpcr|cncco nrms 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 |¹|C ||m||co.
PERFORMANCE DURING THE YEAR
Operations
|ur|n¸ |hc ycer unocr rcv|cv, your Compeny hes unocr|e|cn rure| c|cc|r|nce||on
pro¦cc|s unocr |GGv/ |n |hc s|e|cs of Veohye |reocsh, Chhe|||s¸erh, Or|sse,
!her|heno eno \cs| bcn¸e|.
¹hc schcmc ves |eunchco |n /pr|| 2OO5 cy mcr¸|n¸ e|| on¸o|n¸ rure| c|cc|r|nce||on
schcmcs. ¹hc pro¸remmc e|ms e| c|cc|r|fy|n¸ e|| v|||e¸cs 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 cher¸c. 0nocr |hc pro¸remmc, 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| e¸cncy
for |hc pro¸remmc.
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|¹|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¸ oc¦cc||vcs of |hc pro¸remmc. /our Compeny, on cche|f
of |¹|C, |s vor||n¸ es en |mp|cmcn||n¸ e¸cncy.
|ur|n¸ |hc nnenc|e| ycer 2O1O-11, e¸e|ns| |er¸c| of 51OO un-c|cc|r|nco eno oc-
c|cc|r|nco v|||e¸cs ,0|/||) v|||e¸cs sc| cy |hc Gov|. of lno|e |n |hc Vo0, your
Compeny ech|cvco 4315 0|/|| v|||e¸cs, |hc ce|encc 785 0|/|| v|||e¸cs cou|o no|
cc ech|cvco ouc |o rcqu|rcmcn| of forcs| c|cerencc vh|ch ves |o cc prov|oco cy
|hc 0||||||cs. |ur|hcr, e¸e|ns| |hc |er¸c| of 12.5 |ec b|| conncc||ons, your Compeny
ech|cvco e pcrformencc of 12.52 |ec conncc||ons. \||h |h|s, |hc cumu|e||vc
ech|cvcmcn| |||| 31.O3.2O11 |s 25712 v|||e¸cs ,14433 0|/|| eno 11279 || v|||e¸cs)
eno 23.23 |ec b|| conncc||ons.
/our Compeny hes nov sc| en emc|||ous |er¸c| of cher¸|n¸ of cumu|e||vc 14551 0|/
|| v|||e¸cs for |hc ycer 2O11-12.
/our Compeny e|so prov|oco ¹h|ro |er|y lnspcc||on /¸cncy ,¹|l/) scrv|ccs of rure|
c|cc|r|nce||on pro¦cc|s for |GCl|.
Project Management Consultancy Services
/our Compeny, our|n¸ |hc ycer, hes e|so prov|oco |ro¦cc| Vene¸cmcn| 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|, º
|och| |cnncry ||o.
|rc-evero Con|rec| Vene¸cmcn| Scrv|ccs for Or|sse |ovcr ¹rensm|ss|on º
Corpore||on ||o.
/u¸mcn|e||on of oo/11 |v suc-s|e||on for 0¹ of Cheno|¸erh º
Financial Performance
¹hc me|n rcvcnuc of your Compeny hes cccn rce||zco cy consu||ency, pro¦cc|
mene¸cmcn| eno supcrv|s|on fccs.
,` Crorc)
2010-11 2OO9-1O
Se|cs 57.25 75.7o
O|hcr |ncomc 6.80 4.2O
Total 64.05 79.9o
|cvcnuc from |GGv/ pro¦cc|s our|n¸ |hc nnenc|e| ycer 2O1O-11 con|r|cu|co epprox.
84% of |o|e| se|cs es comperco |o 87% |n |hc prcv|ous nnenc|e| ycer. ln|crcs| from
cen|s con|r|cu|co epprox. 9O% of |hc |o|e| o|hcr |ncomc es comperco |o 99% |n |hc
prcv|ous nnenc|e| ycer.
¹hc occrcesc |n |o|e| |ncomc ves ouc |o rcouc||on |n cus|ncss vo|umc of |hc
Compeny.
¹hc cxpcno||urc |ncurrco cy your Compeny on eccoun| of |mp|oyccs' rcmuncre||on
eno /om|n|s|re||vc cxpcnscs for |hc currcn| ycer es vc|| es prcv|ous ycer |s es
fo||ovs: ,` Crorc)
2010-11 2OO9-1O
|mp|oyccs' rcmuncre||on eno ccncn|s 32.17 2o.37
/om|n|s|re||vc eno o|hcr cxpcnscs 16.16 13.o1
Total operating expenses 48.33 39.98
¹hc |ncrcesc |n |o|e| opcre||n¸ cxpcnscs ves ouc |o |ncrcesco cmp|oycc cos|s eno
cher¸cs |overos ¹|l/ scrv|ccs rcnocrco cy |||C ||o.
¹hc |o|e| cxpcnscs |nc|uo|n¸ opcre||n¸ cxpcnscs of |hc Compeny erc es fo||ovs:-
,` Crorc)
2010-11 2OO9-1O
Total operating expenses 48.33 39.98
|cprcc|e||on 0.19 O.29
|rov|s|on, ln|crcs| & nnencc Cher¸cs 6.44 O.O1
Total Expenses including operating expenses 54.96 4O.28
|ur|n¸ |hc nnenc|e| ycer unocr rcv|cv |hc Compeny heo prov|oco ` o.44 crorc es
currcn| ycer cxpcno||urc |overos |n|crcs| cernco on |nvcs|mcn| of eovenccs
rccc|vco from |ure| ||cc|r|nce||on Corpore||on ||m||co ,||C), |n |hc prcv|ous ycers.
¹hc 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 ` 1.98 crorc es on 31.3.2O11.
,` Crorc)
2010-11 2OO9-1O
|ron| ccforc |ex eno pr|or pcr|oo eo¦us|mcn|s 9.09 39.o8
|r|or pcr|oo |ncomc/ cxpcno||urc,nc|) - ,O.72)
|ron| ccforc |ex 9.09 4O.4O
|rov|s|on for currcn|, ocfcrrco eno fr|n¸c ccncn| |ex 3.08 13.81
Net pro?t after tax 6.01 2o.59
|ur|n¸ |hc pcr|oo unocr rcv|cv, |hc pron| ccforc |ex occrcesco ouc |o rcoucco
cus|ncss vo|umc of ocpos|| vor|.
¹hc nc| pron| ef|cr |ex hes occrcesco |o ` 1 crorc es comperco |o ` 2o.59 crorc
|n |hc prcv|ous nnenc|e| ycer.
Reserves & Surplus
/ sum of ` 1 crorc hes cccn eooco |o |cscrvcs eno Surp|us ef|cr eppropr|e||n¸
o|v|ocno eno o|v|ocno |ex our|n¸ |hc currcn| ycer es comperco |o ` 2.7 crorc our|n¸
|hc prcv|ous ycer.
Current Assets, Loans and Advances
¹hc currcn| essc|s, |oens eno eovenccs e| |hc cno of |hc currcn| ycer vcrc ` 952.48
crorc es comperco |o ` 1149.23 crorc |es| ycer.
,` Crorc)
31.3.2011 31.3.2O1O
Sunory occ|ors 8.59 23
Cesh eno cen| ce|enccs 919.01 11O3.7O
O|hcr currcn| essc|s 10.11 11.85
|oens eno eovenccs 14.77 13.O5
Total Current Assets, Loans and Advances 952.48 1149.23
¹hc occrcesc ves me|n|y on eccoun| of occrcesc |n sunory occ|ors eno cesh eno
cen| ce|enccs. ¹hc me¦or emoun| of ou|s|eno|n¸ sunory occ|ors, cons|||u||n¸
epprox. 95%, ves ouc e¸e|ns| |nvo|cc re|sco |n Verch 2O11 on |GCl| for ¹|l/
scrv|ccs. ¹hc rce||ze||on of |hcsc oucs |s cxpcc|co |n |hc nnenc|e| ycer 2O11-12.
Current Liabilities and Provisions
|ur|n¸ |hc nnenc|e| ycer 2O1O-11, currcn| ||ec|||||cs eno prov|s|ons hevc occrcesco |o
` 9O3.Oo crorc es comperco |o ` 11O1.2o crorc |n |hc nnenc|e| ycer 2OO9-1O me|n|y
on eccoun| of o|scurscmcn| of ocpos|| vor| funos rccc|vco from ||C ||o. for |hc
|GGv/ pro¦cc|s.
,` Crorc)
31.3.2011 31.3.2O1O
||ec|||||cs 898.14 1O9o.2O
|rov|s|ons 4.92 5.Oo
Total Liabilities and Provisions 903.06 11O1.2o
Cash Flow Statement ,` Crorc)
2010-11 2OO9-1O
Opcn|n¸ Cesh eno cesh cqu|ve|cn|s 1103.70 oO4.42
|c| cesh from opcre||n¸ ec||v|||cs (186.36) 5OO
|c| cesh usco |n |nvcs||n¸ ec||v|||cs 6.35 ,3.79)
|c| cesh nov from nnenc|n¸ ec||v|||cs (4.68) ,2.93)
|c| Chen¸c |n Cesh eno cesh cqu|ve|cn|s (184.69) 499.28
C|os|n¸ cesh eno cesh cqu|ve|cn|s 919.01 11O3.7O
¹hc c|os|n¸ cesh eno cesh cqu|ve|cn|s for |hc nnenc|e| ycer cnoco Verch 31, 2O11
hes occrcesco |o ` 919.O1 crorc from ` 11O3.7O crorc ouc |o |ncrcesc |n peymcn|s
meoc for ocpos|| vor|s.
Financial Indicators
¹hc ver|ous pcrformencc |no|ce|ors for |hc currcn| ycer es comperco |o prcv|ous ycer
erc es unocr:
2010-11 2OO9-1O
Cep||e| cmp|oyco |n ` Crorc 50.73 49.38
|c| vor|h |n ` Crorc 50.73 49.38
|c|urn on cep||e| cmp|oyco ,|b¹/C|) 17.92% 81.81%
|c|urn on nc| vor|h ,|/¹/|\) 11.85% 53.85%
||v|ocno es % of cqu||y cep||e| ,ces|c/evcre¸c) 4944 4944
|ern|n¸ pcr sherc |n ` 743.42 328o.38
¹hc cep||e| cmp|oyco es vc|| es nc| vor|h hes |ncrcesco ouc |o pron|s cernco
our|n¸ |hc nnenc|e| ycer 2O1O-11.
Human Resources
/s on 31
s|
Verch 2O11, |hcrc vcrc 17O cmp|oyccs pos|co on scconomcn| ces|s
from ho|o|n¸ compeny v|z. |¹|C ||m||co. ¹o ech|cvc |hc emc|||ous |er¸c|s, |hc
Compeny hes orevn profcss|one| menpovcr from |¹|C vho hevc r|ch cxpcr|cncc
|n oce||n¸ |n ver|ous |cchn|ce|, nnenc|e| eno commcrc|e| |ssucs. ¹ooey, 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.
CAUTIONARY STATEMENT
S|e|cmcn|s |n |hc Vene¸cmcn| ||scuss|on eno /ne|ys|s ocscr|c|n¸ |hc Compeny's
oc¦cc||vcs, pro¦cc||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 rc¸u|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,
chen¸cs |n Govcrnmcn| rc¸u|e||ons & po||c|cs, |ex |evs eno o|hcr s|e|u|cs eno
|nc|ocn|e| fec|ors.
For and on behalf of the Board of Directors
||ecc : |cv |c|h| (ARUP ROY CHOUDHURY)
|e|c : !u|y O4, 2O11 Chairman
35
th
Annual Report 2010-2011 155
ACCOUNTING POLICIES
1. BASIS OF PREPARATION
¹hc 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
¹hc 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. /||hou¸h 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 rcco¸n|zco |n |hc pcr|oo |n vh|ch |hc rcsu||s erc
crys|e|||zco.
3. FIXED ASSETS
3.1 ||xco /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
4.1 |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 l|COV| ||COG|l¹lO|
5.1.1 lncomc from consu||ency, pro¦cc| mene¸cmcn| eno supcrv|s|on
scrv|ccs |s eccoun|co for on |hc ces|s of ec|ue| pro¸rcss / |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 rcco¸n|sco es o|hcr |ncomc, es pcr |hc |crms of
consu||ency scrv|cc con|rec|s. lncomc from |ro¦cc| Vene¸cmcn|
Scrv|ccs |s eccoun|co for on |hc scrv|cc cher¸cs cernco.
5.1.2 ln|crcs| / surcher¸c rccovcrec|c on eovenccs |o supp||crs es vc|| es
verren|y c|e|ms / ||qu|oe|co oeme¸cs 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 |×||||l¹0||
5.2.1 |cprcc|e||on |s cher¸co 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.
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 eno |cfr|¸cre|ors 12 ycers
5.2.3 |cprcc|e||on on eoo|||ons |o/ocouc||ons from nxco essc|s our|n¸ |hc
ycer |s cher¸co 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 rcco¸n|zco es |n|en¸|c|c essc|s |s emor||sco on
s|re|¸h| ||nc mc|hoo ovcr e pcr|oo of |c¸e| r|¸h| |o usc or 3 ycers,
vh|chcvcr |s cer||cr.
5.2.o \hcrc |hc cos| of ocprcc|ec|c essc|s hes unocr¸onc e chen¸c our|n¸
|hc ycer ouc |o |ncrcesc/occrcesc |n |on¸ |crm ||ec|||||cs on eccoun| of
cxchen¸c nuc|ue||on, pr|cc eo¦us|mcn|, chen¸c |n ou||cs or s|m||er
fec|ors, |hc unemor||sco ce|encc of such essc| |s cher¸co prospcc||vc|y
ovcr |hc rcs|oue| ||fc oc|crm|nco on |hc ces|s of |hc re|c of
ocprcc|e||on.
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 cher¸co |o rcvcnuc |n |hc ycer
|ncurrco.
5.2.8 ¹hc ||ec|||||cs |overos cmp|oycc ccncn|s erc esccr|e|nco cy |hc
|o|o|n¸ Compeny |.c. |¹|C ||m||co on ec|uer|e| ve|ue||on. ¹hc
compeny prov|ocs for such cmp|oycc ccncn|s es eppor||onco cy |hc
|o|o|n¸ Compeny.
5.2.9 |rc||m|nery cxpcnscs on eccoun| of ncv pro¦cc|s |ncurrco pr|or |o
epprove| of fces|c||||y rcpor| erc cher¸co |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 cher¸co |o ne|ure| hceos of eccoun|s.
6. PROVISIONS AND CONTINGENT LIABILITIES
/ prov|s|on |s rcco¸n|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 mene¸cmcn| 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||n¸cn| ||ec|||||cs erc o|sc|osco on |hc ces|s of ¦uo¸mcn| of
|hc mene¸cmcn|/|nocpcnocn| cxpcr|s. ¹hcsc erc rcv|cvco e| cech ce|encc
shcc| oe|c eno erc eo¦us|co |o rcncc| |hc currcn| mene¸cmcn| 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'.
NTPC ELECTRIC SUPPLY COMPANY LIMITED
BALANCE SHEET AS AT 31
st
MARCH 2011
`
Schedule 31.03.2011 31.03.2010
SOURCES OF FUNDS
SHAREHOLDERS’ FUNDS
Cep||e| 1 809100 8O91OO
|cscrvcs & surp|us 2 506539836 493O34O3o
|cfcrrco |ex ||ec||||y 655227 o25423
TOTAL 508004163 4944o8559
APPLICATION OF FUNDS
Fixed Assets 3
Gross b|oc| 19815684 18825o7O
|css: |cprcc|e||on 9074896 71o7713
|c| b|oc| 10740788 11o57957
INVESTMENTS 4 3100000 31OOOOO
CURRENT ASSETS, LOANS AND
ADVANCES
Sunory occ|ors 5 85912075 2Oo358117
Cesh eno cen| ce|enccs o 9190067223 11O3o983283
O|hcr currcn| essc|s 7 101113709 118515443
|oens eno eovenccs 8 147663575 13O47835o
9524756582 11492335199
LESS : CURRENT LIABILITIES AND
PROVISIONS
||ec|||||cs 9 8981381637 1O9o19o9147
|rov|s|ons 1O 49211570 5Oo5545O
9030593207 11O12o24597
|c| currcn| essc|s 494163375 47971OoO2
TOTAL 508004163 4944o8559
|o|cs on eccoun|s 19
Schcou|cs 1 |o 19 eno eccoun||n¸ po||c|cs form |n|c¸re| per| of eccoun|s.
/s pcr our e||echco rcpor| of cvcn oe|c
For Bhudladia & Company
Cher|crco /ccoun|en|s |or & on cche|f of |hc boero of ||rcc|ors
(Puneet Singla)
|er|ncr
(Vishwaroop)
Ch|cf |xccu||vc
Ofnccr
(A K Singhal)
||rcc|or
(Arup Roy
Choudhury)
Che|rmen
||ecc: |cv |c|h|
|e|co: O7
|h
Vey, 2O11
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 31
st
MARCH 2011
`
Schedule 31.03.2011 31.03.2010
INCOME
Se|cs 11 572544012 7575o3215
|rov|s|ons vr|||cn cec| 12 45458 -
O|hcr |ncomc 13 67953955 42O17o4o
Total 640543425 79958O8o1
EXPENDITURE
|mp|oyccs' rcmuncre||on eno
ccncn|s
14 321689390 2o3o57155
/om|n|s|re||on eno o|hcr cxpcnscs 15 161585430 13o1Ooo57
|cprcc|e||on 1921997 2913281
|rov|s|ons 1o - 45458
ln|crcs| & nnencc cher¸cs 17 64364005 o2243
Total 549560821 4O2784793
Pro?t before Tax & Prior Period
Adjustments
90982604 39o79oOo8
|r|or |cr|oo |ncomc/cxpcno||urc ,nc|) 18 - ,7214855)
Pro?t before tax 90982604 4O4O1O923
Provision for:
Currcn| |ex 30803000 13779OOOO
|cfcrrco |ex 29804 32OO39
30832804 13811OO39
Pro?t after tax 60149800 2o59OO884
be|encc crou¸h| forvero 431934036 239831152
be|encc eve||ec|c for eppropr|e||on 492083836 5O5732O3o
¹rensfcr |o Gcncre| |cscrvc 6100000 27OOOOOO
||v|ocno
ln|cr|m - -
|roposco 40000000 4OOOOOOO
¹ex on ||v|ocno
ln|cr|m - -
|roposco 6644000 o798OOO
Balance carried to Balance Sheet 439339836 431934O3o
|ern|n¸ |cr Sherc ,|qu||y shercs,
fecc ve|uc `1O/- cech)
743.42 328o.38
- bes|c eno |||u|co - |on ennue||sco
/s pcr our e||echco rcpor| of cvcn oe|c
For Bhudladia & Company
Cher|crco /ccoun|en|s |or & on cche|f of |hc boero of ||rcc|ors
(Puneet Singla)
|er|ncr
(Vishwaroop)
Ch|cf |xccu||vc
Ofnccr
(A K Singhal)
||rcc|or
(Arup Roy
Choudhury)
Che|rmen
||ecc: |cv |c|h|
|e|co : O7
|h
Vey, 2O11
35
th
Annual Report 2010-2011 15o
NTPC ELECTRIC SUPPLY COMPANY LIMITED
Schedule 1
CAPITAL `
31.03.2011 31.O3.2O1O
Authorised
1O,OOO,OOO cqu||y shercs of ` 1O/- cech ,|rcv|ous
ycer 1O,OOO,OOO cqu||y shercs of ` 1O/- cech) 100000000 1OOOOOOOO
Issued, Subscribed and Paid-Up
8O,91O cqu||y shercs of ` 1O/- cech ,|rcv|ous ycer
8O,91O cqu||y shercs of ` 1O/- cech) erc hc|o cy
|hc ho|o|n¸ compeny, |¹|C ||o. eno ||s nom|nccs. 809100 8O91OO
Schedule 2
RESERVES AND SURPLUS
`
31.03.2011 31.O3.2O1O
Gcncre| |cscrvc
/s pcr |es| be|encc Shcc| 61100000 341OOOOO
/oo: ¹rensfcr from |ron| & |oss /ccoun| 6100000 27OOOOOO
67200000 o11OOOOO
Surp|us, ce|encc |n |ron| & |oss /ccoun| 439339836 431934O3o
Total 506539836 493O34O3o
Schedule 3
FIXED ASSETS `
G|OSS b|OC| |||||Cl/¹lO| ||¹ b|OC|
/s e| |couc||ons / As at /s e| |or |hc |couc||ons / 0p |o As at /s e|
O1.O4.2O1O /oo|||ons /o¦us|mcn|s 31.03.2011 O1.O4.2O1O ycer /o¦us|mcn|s 31.O3.2O11 31.03.2011 31.O3.2O1O
TANGIBLE ASSETS
¹cmporery crcc||on 19O549 - - 190549 19O549 - - 19O549 - -
|urn||urc, nx|urcs &
o|hcr ofncc cqu|pmcn| 1O415547 1O14375 5o9O 11424232 3597Oo2 52o421 495 4122988 7301244 o818485
||| & \| mech|ncs 7282o79 2892o 47597 7264008 25O4888 1333895 14319 38244o4 3439544 4777791
l|¹/|Glb|| /SS|¹S
Sof|verc 93o895 - - 936895 875215 o1o8O - 93o895 - o1o8O
Total 18825670 1043301 53287 19815o84 7167713 1921997 14814 9074896 1O74O788 11657957
|rcv|ous pcr|oo 1349OO95 514o844 ,188731) 18825670 41o3224 2913281 ,912O8) 71o7713 11657957 932o871
Schedule 4
INVESTMENTS
,ve|ue||on es pcr /ccoun||n¸ |o||cy |o. 4) `
|umccr
of shercs
Currcn| /cer
/ ,|rcv|ous
/cer)
|ecc ve|uc
pcr sherc
Currcn| /cer
/ ,|rcv|ous
/cer) ,`)
31.03.2011 31.O3.2O1O
LONG TERM
0nquo|co ,fu||y pe|o-up)
|qu||y Shercs |n !o|n|
vcn|urc Compen|cs:
|l||SCO |ovcr eno
0||||||cs |r|ve|c ||o.
5OOOO
,5OOOO)
1O
,1O) 500000 5OOOOO
Sherc epp||ce||on moncy
pcno|n¸ e||o|mcn| |n:
|l||SCO |ovcr eno 0||||||cs |r|ve|c ||o. 2600000 2oOOOOO
Total 3100000 31OOOOO
Schedule 5
SUNDRY DEBTORS
,Cons|ocrco ¸ooo, un|css o|hcrv|sc s|e|co)
|cc|s ou|s|eno|n¸ ovcr s|x mon|hs
0nsccurco 298478 1O7199oo8
O|hcr occ|s
0nsccurco 85613597 99158449
Total 85912075 2Oo358117
Schedule 6
CASH AND BANK BALANCES
be|enccs v||h schcou|co cen|s
Currcn| /ccoun| 306497156 -
¹crm |cpos|| /ccoun| 8883570067 11O3o983283
Total 9190067223 11O3o983283
Schedule 7
OTHER CURRENT ASSETS
ln|crcs| eccruco on shor| |crm ocpos||s v||h
lno|en cen|s 99371209 1O234818o
O|hcr rccovcrec|cs 1742500 1o1o7257
Total 101113709 118515443
Schedule 8
LOANS & ADVANCES
,Cons|ocrco ¸ooo, un|css o|hcrv|sc s|e|co)
/|v/|C|S
O|hcrs
0nsccurco 604095 17o3411
C||v/¹ rccovcrec|c
0nsccurco 1501533 o435249
|||OSl¹S
/ovencc |ex & |ex ocouc|co e|
sourcc 400107732 443915391
|css: |rov|s|on for |exe||on 254549785 321o35o94
145557947 122279o97
Total 147663575 13O47835o
Schedule 9
CURRENT LIABILITIES `
31.03.2011 31.O3.2O1O
Sunory Crco||ors
|or ¸ooos eno scrv|ccs
O|hcr |hen V|cro & Sme|| |n|crpr|scs 62037062 91o5o1oO
boo| ovcroref| 7361113 7942o112
|cpos||s, rc|cn||on moncy from con|rec|ors
eno o|hcrs 2269082 1484O88
71667258 1725oo3oO
/ovenccs from cus|omcrs eno o|hcrs 380476146 587112819
O|hcr ||ec|||||cs 10128522 38oo5738
/moun| rccc|vco e¸e|ns| ocpos|| vor|s 8440941192 1OO7o77oo88
/moun| peyec|c |o |¹|C ||o. 78168519 8o847543
Total 8981381637 1O9o19o9147
Schedule 10
PROVISIONS
lncomc/|r|n¸c bcncn| |ex
/s pcr |es| be|encc Shcc| - -
/oo|||ons our|n¸ |hc ycer 30803000 13779OOOO
/moun| eo¦us|co our|n¸ |hc ycer (223746785) ,183845o94)
|css: Sc| off e¸e|ns| |excs pe|o 254549785 321o35o94
- -
|roposco ||v|ocno
/s pcr |es| be|encc Shcc| 40000000 25OOOOOO
/oo|||ons our|n¸ |hc ycer 40000000 4OOOOOOO
/moun|s usco our|n¸ |hc ycer 40000000 25OOOOOO
40000000 4OOOOOOO
¹ex on |roposco ||v|ocno
/s pcr |es| be|encc Shcc| 6798000 424875O
/oo|||ons our|n¸ |hc ycer 6644000 o798OOO
/moun|s usco our|n¸ |hc ycer 6798000 424875O
6644000 o798OOO
|mp|oycc ccncn|s
/s pcr |es| be|encc Shcc| 3811992 185524o9
/oo|||ons our|n¸ |hc ycer - -
/moun|s usco/rcvcrsco our|n¸ |hc ycer 1244422 1474O477
2567570 3811992
O|hcrs
/s pcr |es| be|encc Shcc| 45458 -
/oo|||ons our|n¸ |hc ycer - 45458
/moun|s usco our|n¸ |hc ycer 45458 -
- 45458
Total 49211570 5Oo5545O
Schedule 11
SALES
Consu||ency, pro¦cc| mene¸cmcn| eno
supcrv|s|on fccs 572544012 7575o3215
Total 572544012 7575o3215
Schedule 12
PROVISIONS WRITTEN BACK
O|hcrs 45458 -
Total 45458 -
35
th
Annual Report 2010-2011 157
Schedule 13
OTHER INCOME `
31.03.2011 31.O3.2O1O
|c|mcursec|cs c|||co |o c||cn|s 11809 21oO3o
ln|crcs| from lno|en ben|s ,Gross)
,¹ex ocouc|co e| sourcc ` o4872199,
|rcv|ous pcr|oo ` 5748591O)
513273198 39911333o
|css: ¹rensfcrrco |o emoun| rccc|vco
e¸e|ns| ocpos|| vor|s - Schcou|c 9
451784557 35731172o
61488641 418O1o1O
ln|crcs| on lncomc ¹ex rcfunos 6441816 -
O|hcrs 4704 -
|ron| on o|spose| of nxco essc|s 6985 -
Total 67953955 42O17o4o
Schedule 14
EMPLOYEES’ REMUNERATION AND BENEFITS
Se|er|cs, ve¸cs, conus, e||ovenccs & ccncn|s 282960160 2258O554o
Con|r|cu||on |o prov|ocn| eno o|hcr funos 24727947 2515ooO2
\c|ferc cxpcnscs 14001282 12o95OO7
Total 321689390 2o3o57155
Schedule 15
ADMINISTRATION AND OTHER EXPENSES
|ovcr cher¸cs 682044 4714o3
|cn| 4291505 44288o5
|cpe|rs eno me|n|cnencc
O|hcrs 46179261 3792198o
46179261 3792198o
lnsurencc 419129 27752
¹re|n|n¸ eno rccru||mcn| cxpcnscs 121454 1O855O
Commun|ce||on cxpcnscs 4215396 3583358
¹revc||n¸ cxpcnscs 30083774 29422319
¹cnocr cxpcnscs 767200 2OO915
|css: |ccc|p| from se|c of |cnocrs 119250 1354o
647950 1873o9
|eymcn| |o /uo||ors 105650 12O291
/ovcr||scmcn| & puc||c||y 26664 277OOO
Sccur||y cxpcnscs 720600 -
|n|cr|e|nmcn| cxpcnscs 1533312 1413419
|xpcnscs for |rens|| cemp 353890 o9434o
bro|cre¸c & comm|ss|on 11350 33OOO
boo|s eno pcr|oo|ce|s 124154 111139
|rofcss|one| cher¸cs & consu||ency fccs 48616539 35O9327o
|c¸e| cxpcnscs 12450 -
||| h|rc eno o|hcr cher¸cs 1107729 971o72
|r|n||n¸ eno s|e||onery 1192748 1O1O3O4
|xpcnscs on h|r|n¸ of vch|c|cs 18849454 17248251
V|scc||encous cxpcnscs 2290377 29823O1
Total 161585430 13o1Ooo57
Schedule 16
PROVISIONS
O|hcrs - 45458
Total - 45458
Schedule 17
INTEREST AND FINANCE CHARGES
ln|crcs| on:
O|hcrs 64361447 39O8
||nencc Cher¸cs:
ben| cher¸cs 2558 58335
Total 64364005 o2243
Schedule 18
PRIOR PERIOD INCOME/EXPENDITURE (NET)
INCOME - -
EXPENDITURE
Se|ery, ve¸cs, conus, e||ovneccs & ccncn|s - ,7198232)
|cprcc|e||on - ,1oo23)
Total - ,7,214,855)
3) ||sc|osurc rc¸ero|n¸ Opcre||n¸ |cescs:
¹hc compeny's s|¸n|ncen| |ces|n¸ erren¸cmcn|s erc |n rcspcc| of opcre||n¸
|cescs of prcm|scs for rcs|ocn||e| usc of cmp|oyccs, ofnccs eno |rens|| cemps.
¹hcsc |ces|n¸ erren¸cmcn|s erc usue||y rcncvec|c on mu|ue||y e¸rcco |crms cu|
erc no| non-cencc||ec|c. Schcou|c 14 - |mp|oyccs' rcmuncre||on eno ccncn|s
|nc|uoc ` 2,OO,27,3O9 ,|rcv|ous ycer ` 1,93,54,842) |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 ` 42,91,5O5 ,|rcv|ous ycer ` 44,28,8o5) erc shovn es |cn| |n Schcou|c 15 -
/om|n|s|re||on eno o|hcr cxpcnscs.
4) ¹hc ||cm-v|sc oc|e||s of ocfcrrco |ex ||ec||||y ,nc|) erc es unocr:
`
31.03.2011 31.O3.2O1O
|cfcrrco |ex ||ec||||y
|) ||ffcrcncc of coo| ocprcc|e||on eno |ex
ocprcc|e||on
||) |rov|s|ons o|se||ovco for |ex purposcs
|css: |cfcrrco |ex essc|s
|) |rov|s|ons o|se||ovco for |ex purposcs
6,70,327
(15,100)
-
o,O9,971
15,452
-
|cfcrrco ¹ex ||ec||||y ,|c|) 6,55,227 o,25,423
¹hc nc| |ncrcesc |n |hc ocfcrrco |ex ||ec||||y of ` 29,8O4 ,|rcv|ous ycer |ncrcesc
` 3,2O,O39) hes cccn occ||co |o |ron| eno |oss /ccoun|.
5) ln|crcs| |n !o|n| vcn|urc |n||||cs:
Company
Proportion of ownership interest as on
(excluding Share Application Money)
31.03.2011 31.O3.2O1O
|l||SCO |ovcr eno 0||||||cs |v|. ||o. 50% 5O%
¹hc ecovc cn|||y |s |ncorpore|co |n lno|e. ¹hc Compeny's sherc of |hc essc|s,
||ec|||||cs, con||n¸cn| ||ec|||||cs eno cep||e| comm||mcn| es e| 31
s|
Verch 2O11
eno |ncomc eno cxpcnscs for |hc ycer cesco on uneuo||co eccoun|s erc ¸|vcn
cc|ov:
`/|ecs
31.03.2011 31.O3.2O1O
/ /ssc|s
º |on¸ ¹crm /ssc|s 674.95 o7O.28
º Currcn| /ssc|s 205.75 92.3O
¹o|e| 880.70 7o2.58
B ||ec|||||cs
º |on¸ ¹crm ||ec|||||cs 85.13 33.35
º Currcn| ||ec|||||cs & |rov|s|ons 795.57 729.23
¹o|e| 880.70 7o2.58
C Con||n¸cn| ||ec|||||cs 25.42 -
| Cep||e| Comm||mcn|s - -
Current Year |rcv|ous /cer
| lncomc 943.81 145.84
F |xpcnscs 879.83 145.32
o) /|| |hc cmp|oyccs of |hc Compeny erc on scconomcn| from |hc |o|o|n¸
Compeny, |.c. |¹|C ||o.
7) |mp|oyccs' rcmuncre||on eno ccncn|s |nc|uoc ` 1,88,9O,O19 ,|rcv|ous ycer
` 1,o3,37,914) |n rcspcc| of ¸re|u||y, |cevc cnceshmcn|, pos| rc||rcmcn|
mco|ce| ccncn|s, |rensfcr |revc||n¸ e||ovencc on rc||rcmcn|/oce|h, |on¸ scrv|cc
everos |o cmp|oyccs, fercvc|| ¸|f| on rc||rcmcn| eno cconom|c rchec||||e||on
schcmc es eppor||onco cy |hc |o|o|n¸ Compeny |.c. |¹|C ||m||co on ec|uer|e|
ve|ue||on, cc|n¸ ocnnco ccncn|s, e| |hc ycer cno. ¹hcrcforc, o|sc|osurcs |n
comp||encc of /S - 15 erc no| cc|n¸ meoc es |hc semc erc cc|n¸ oonc cy |hc
|o|o|n¸ Compeny.
8) ¹hc common scrv|ccs cc|n¸ u||||zco cy |hc Compeny for ||'s' ofncc e|
|Ol|/ erc prov|oco v||hou| eny cher¸cs cy |hc |o|o|n¸ Compeny.
9) ` 45,17,84,557 ,|rcv|ous ycer ` 35,73,11,72o) |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 |hcrcforc hes cccn rcoucco from
|n|crcs| |ncomc ,Schcou|c - 13) eno |rensfcrrco |o emoun| rccc|vco e¸e|ns|
ocpos|| vor|s ,Schcou|c - 9).
1O) ¹hc Compeny rcco¸n|zcs rcvcnuc from |ro¦cc| Vene¸cmcn| Scrv|ccs on|y for
scrv|ccs cher¸cs cy o|ffcrcn||e||n¸ || from |ro¦cc| Vene¸cmcn| Scrv|ccs, vh|ch
erc fe|||n¸ unocr |hc scopc of /S - 7, es |hc formcr erc on '|cpos|| \or|' ces|s,
es pcr /ccoun||n¸ |o||cy 5.1.1. /s pcr /S - 7, |ro¦cc| Vene¸cmcn| Scrv|ccs
erc |nc|uoco v||h|n |hc scopc of 'Cons|ruc||on Con|rec|s' unocr vh|ch
propor||one|c comp|c||on mc|hoo us|n¸ ¸ross ve|uc of |hc con|rec| hes cccn
prcscr|cco. /n op|n|on of |hc |xpcr| /ov|sory Comm|||cc of |hc lns|||u|c of
Cher|crco /ccoun|en|s of lno|e hes cccn sou¸h| on |h|s |ssuc pcno|n¸ vh|ch
/ccoun||n¸ |o||cy 5.1.1 |s fo||ovco.
lnforme||on |n rcspcc| of cos| p|us consu||ency con|rec|s: `/|ecs
Current Year |rcv|ous /cer
/moun| of rcvcnuc rcco¸n|sco on cos| p|us
consu||ency con|rec| on ocpos|| vor| ces|s
4841.34 o594.59
/moun| o|scursco for cos| p|us consu||ency
con|rec|s
54653.28 7O273.9o
/moun| of eovencc rccc|vco from cus|omcrs
for cos| p|us consu||ency con|rec|s
30551.50 112934.oo
Gross emoun| ouc from cus|omcrs for con|rec|
vor|s es en essc|
Nil |||
Gross emoun| ouc |o cus|omcrs for con|rec|
vor|s es e ||ec||||y
2.23 |||
SCHEDULE - 19
NOTES ON ACCOUNTS
1) ¹hc Compeny |s opcre||n¸ |n e s|n¸|c sc¸mcn|, |he| |s prov|o|n¸ consu||ency,
pro¦cc| mene¸cmcn| eno supcrv|s|on scrv|ccs.
2) |ern|n¸ pcr sherc:
¹hc c|cmcn|s cons|ocrco for ce|cu|e||on of |ern|n¸ |cr Sherc ,bes|c & |||u|co)
erc es unocr:
Current Year |rcv|ous /cer
|c| |ron| ef|cr ¹ex usco es numcre|or ,`) 6,01,49,800 2o,59,OO,884
\c|¸h|co evcre¸c numccr of cqu||y shercs
usco es ocnom|ne|or
80,910 8O,91O
|ern|n¸ pcr sherc ,`) ÷ bes|c & |||u|co 743.42 3,28o.38
|ecc ve|uc pcr sherc ,`) 10.00 1O.OO
35
th
Annual Report 2010-2011 158
11) |eymcn| |o |hc S|e|u|ory /uo||ors ,Schcou|c 15) `
Current Year |rcv|ous /cer
/uo|| |ccs 66,000 72,5OO
¹ex euo|| |ccs 24,500 21,OOO
|c|mcurscmcn|s
- ¹revc||n¸ |xpcnscs
- Scrv|cc ¹ex
15,150
-
17,1oO
9,o31
1,05,650 1,2O,291
12) /moun|s ouc |o V|cro, Sme|| eno Vco|um |n|crpr|scs erc ` ||| ,|rcv|ous ycer
` |||).
13) |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 ` ||| ,|rcv|ous ycer ` |||).
14) Con||n¸cn| ||ec|||||cs - Compeny's ||ec||||y |overos rc|mcurscmcn| of lncomc
¹ex on ||| pcr|s emoun||n¸ |o ` 49,85,28o ,|rcv|ous ycer ` 31,5o,7Oo) s|eyco
cy |hc |on'c|c /||eheceo ||¸h Cour|.
15) Vene¸cr|e| rcmuncre||on pe|o/peyec|c |o Ch|cf |xccu||vc Ofnccr: `
Current Period |rcv|ous |cr|oo
Se|er|cs eno e||ovenccs 18,86,338 24,98,958
Con|r|cu||on |o prov|ocn| funo & o|hcr
funos |nc|uo|n¸ ¸re|u||y & ¸roup |nsurencc
1,61,418 2,72,22O
O|hcr ccncn|s 99,681 1,58,o18
ln eoo|||on |o |hc ecovc rcmuncre||on, |hc Ch|cf |xccu||vc Ofnccr hes cccn
e||ovco |hc usc of s|eff cer, |nc|uo|n¸ for pr|ve|c ¦ourncys, on peymcn| of
` 78O pcr mon|h, es con|e|nco |n |hc V|n|s|ry of ||nencc ,b||) C|rcu|er |o.2
,18)/pc/o4 o|.29.11.o4, es emcnoco.
¹hc prov|s|ons for / con|r|cu||on |o ¸re|u||y, |cevc cnceshmcn| eno pos|-
rc||rcmcn| mco|ce| fec|||||cs erc esccr|e|nco on ec|uer|e| ve|ue||on oonc cy |hc
|o|o|n¸ Compeny |.c. |¹|C ||m||co eno eppor||onco on ovcre|| ces|s eno
hcncc no| esccr|e|nec|c scpere|c|y.
1o) |rcv|ous ycer's n¸urcs hevc cccn rc¸roupco/rcerren¸co vhcrcvcr ncccssery.
17) lnforme||on pursuen| |o |er| lv of Schcou|c vl of |hc Compen|cs /c|, 195o.
BALANCE SHEET ABSTRACT AND COMPANY’S GENERAL BUSSINESS PROFILE
I. Registration Details S|e|c Cooc : O 5 5
|c¸|s|re||on |o. 0 4 O 1 O 8 | | 2 O O 2 G O l 1 1 o o 3 5
|e|c Von|h /cer
be|encc-Shcc| oe|c 3 1 O 3 2 O 1 1
II. Capital Raised during the year (` in Thousands)
|uc||c lssuc ||¸h| |ssuc
| l | | l |
bonus lssuc |r|ve|c ||eccmcn|
| l | | l |
III. Position of Mobilization and Deployment of Funds (Amount in ` Thousands)
¹o|e| ||ec||||y ¹o|e| /ssc|s
9 5 3 8 5 9 7 9 5 3 8 5 9 7
Source of Funds
|e|o-up Cep||e| |cscrvcs & Surp|us
8 O 9 5 O o 5 4 O
Sccurco |oens 0nsccurco |oens
| l | | l |
|cfcrrco ¹ex ||ec||||y
o 5 5
Application of Funds
|c| ||xco /ssc|s lnvcs|mcn|
1 O 7 4 1 3 1 O O
|c| Currcn| /ssc|s |cfcrrco ¹ex /ssc|
4 9 4 1 o 3 | l |
V|sc. |xpcno||urc /ccumu|e|co |osscs
| l | | l |
IV. Performance of Company(Amount in ` Thousands)
¹urnovcr ¹o|e| |xpcno||urc
5 7 2 5 4 4 5 4 9 5 o 1
|ron| bcforc ¹ex |ron| /f|cr ¹ex
9 O 9 8 3 o O 1 5 O
|ern|n¸ |cr Sherc |n ` ||v|ocno |e|c%
7 4 3 . 4 2 4 9 4 3 . 7 o
V. Generic Name of three Principal Product/Services of Company
,/s pcr monc|ery |crms)
l|cm Cooc |o. | /
,l¹C Cooc)
|roouc| |cscr|p||on: C o n s u | | e n c y S c r v | c c s
For Bhudladia & Company |or eno on cche|f of boero of ||rcc|ors
Cher|crco /ccoun|en|s
(Puneet Singla)
|er|ncr
(Vishwaroop)
Ch|cf |xccu||vc Ofnccr
(A K Singhal)
||rcc|or
(Arup Roy Choudhury)
Che|rmen
||ecc: |cv |c|h|
|e|co: 7
|h
Vey, 2O11
CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH 2011
`
31.03.2011 31.O3.2O1O
A. CASH FLOW FROM
OPERATING ACTIVITIES
Net Pro?t/(Loss) before
tax and Prior Period
Adjustments
90982604 39o79oOo8
Adjustment for:
|cprcc|e||on 1921997 2913281
|rov|s|ons - 45458
ln|crcs| |ccc|vco (61488641) ,418O1o1O)
|r|or pcr|oo eo¦us|mcn|s ,nc|) - 7214855
|rov|s|ons vr|||cn cec| (45458) -
Operating Pro?t before
Working Capital Changes
31370502 3o51o8O52
Adjustment for:
¹reoc & O|hcr |ccc|vec|cs 120446042 ,34218O7o)
¹reoc |eyec|cs & O|hcr
||ec|||||cs
(1981831932) 488O5O5271
O|hcr Currcn| /ssc|s 14424757 ,3973374)
|oens & /ovenccs 6093031 (1840868102) ,ooO7448)
Cash generated from
operations
(1809497599) 52OO87442o
Direct Taxes Paid 54081250 14O859715
Net Cash from Operating
Activities - A
(1863578850) 5OoOO14711
B. CASH FLOW FROM
INVESTING ACTIVITIES
|urchesc of ||xco /ssc|s (1004828) ,52443o7)
ln|crcs| |ccc|vco 64465618 ,3OO9279O)
lnvcs|mcn| |n !o|n| vcn|urc - ,2oOOOOO)
Net cash ?ow from
Investing Activities - B
63460790 ,37937157)
C. CASH FLOW FROM
FINANCING ACTIVITIES
||v|ocno |e|o (40000000) ,25OOOOOO)
¹ex on ||v|ocno (6798000) ,424875O)
Net Cash ?ow from
Financing Activities - C
(46798000) ,2924875O)
D. OTHERS - -
Net Increase/Decrease in
Cash & Cash equivalents
(A + B + C + D)
(1846916059) 49928288O4
Cash & cash equivalents
(Opening balance)
11036983283 oO44154479
Cash & cash equivalents
(Closing balance)
9190067223 11O3o983283
|o|cs: Cesh & Cesh cqu|ve|cn|s cons|s| of Cesh |n |eno eno be|encc v||h ben|s.
|rcv|ous pcr|oo's n¸urcs hevc cccn rc¸roupco/rcerren¸co vhcrcvcr ncccssery.
For Bhudladia & Company |or eno on cche|f of boero of ||rcc|ors
Cher|crco /ccoun|en|s
(Puneet Singla)
|er|ncr
(Vishwaroop)
Ch|cf |xccu||vc Ofnccr
(A K Singhal)
||rcc|or
(Arup Roy Choudhury)
Che|rmen
||ecc: |cv |c|h|
|e|co: 7
|h
Vey, 2O11
AUDITORS’ REPORT
¹o |hc Vcmccrs of
|¹|C |||C¹|lC S0|||/ COV|/|/ |¹|.
1. \c hevc euo||co |hc e||echco be|encc Shcc| of |¹|C ||cc|r|c Supp|y Compeny
||o. ,e vho||y ovnco sucs|o|ery of |¹|C ||o.) es e| 31
s|
Verch, 2O11, |hc |ron|
eno |oss /ccoun| eno e|so |hc Cesh ||ov S|e|cmcn| for |hc ycer cnoco on |he|
oe|c enncxco |hcrc|o. ¹hcsc nnenc|e| s|e|cmcn|s erc |hc rcspons|c||||y of |hc
compeny's mene¸mcn|. 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 |hc /uo|||n¸ S|enoeros ¸cncre||y
ecccp|co |n lno|e. ¹hosc 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 from me|cr|e| m|ss|e|cmcn|s. /n euo|| |nc|uocs cxem|n|n¸, on |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 mene¸cmcn|, 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 rcsonec|c ces|s for
our op|n|on.
3. /s rcqu|rco cy |hc Compen|cs ,/uo||ors' |cpor|) Orocr, 2OO3 ,'C/|O'), es
emcnoco, |ssuco cy |hc Ccn|re| Govcrnmcn| of lno|e |n |crms of scc||on 227,4/)
of |hc Compen|cs /c|, 195o eno on |hc ces|s of such chcc|s of |hc coo|s eno
rccoros of |hc Compeny es vc cons|ocrco eppror|e|c, vc ¸|vc |n |hc enncxurc e
s|e|cmcn| on |hc me||crs spcc|nco |n pere¸rephs 4 eno 5 of |hc se|o orocr.
4. /||cn||on |s orevn |o:
4.1 |o|c 1O |n Schcou|c 19-no|cs on eccoun|s, |n rcspcc| of |ncomc
rcco¸n|||on po||cy for pro¦cc| mene¸cmcn| scrv|ccs for scrv|cc cher¸cs
35
th
Annual Report 2010-2011 159
e|onc cy o|ffcrcn||e||n¸ |hcm from |hosc covcrco cy /ccoun||n¸ S|enoero
7, pcno|n¸ cxpcr| op|n|on from lC/l on |hc me||cr.
4.2 ¹hc fec| |he| |cchn|ce| cs||me|cs for |hc purposc of mcesurmcn| of |ncomc
es ccr||nco cy |hc mene¸cmcn| hevc cccn rc||co upon cy us.
4.3 |o|c 7 |n Schcou|c 19-|o|cs on eccoun|s, |n rcspcc| of eccoun||n¸ for
cmp|oycc ccncn|s. Comp||encc v||h o|sc|ourc rcqu|rmcn|s |n /ccoun||n¸
S|enoeros 15-|mp|oycc bcncn|s, |n |hc scpere|c nnenc|e| s|e|cmcn| of e
sucs|oery, vhc|hcr rcqu|rco or no|, |n |hc con|cx| |he| |hc percn| ho|o|n¸
compeny |s comp|y|n¸ v||h |hc semc |n ||s nnenc|e| s|e|cmcn|s |n e me||cr,
for vh|ch cxpcr| op|n|on from lC/l |s eve||co.
4.4 |o|c 7 |n Schcou|c 19-|o|cs on /ccoun|s, |n rcspcc| of cmp|oycc
ccncn|s oocs no| spcc|fy ecou| |hc mcesurmcn| eno rcco¸n|||on of
prov|ocn| funo cxpcnscs, form|n¸ per| of cmp|oycc ccncn|s. /ccoro|n¸
|o |hc |nforme||on ¸e|hcrco cy us, prov|ocn| funo cxpcnscs erc ocnnco
ccncn|s |n |hc Compeny, vh|ch erc eccoun|co for on |hc ces|s of ec|ue|
con|r|cu||on. /n cxpcr| op|n|on of lC/l on |hc me||cr vhc|hcr eccoun||n¸
for |hc semc |s rcqu|rco unocr ec|uer|e| ve|ue||on or no| |s eve||co.
5. |ur|hcr |o our commcn|s |n /nncxurc rcfcrrco |o |n pere 3 & 4 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|co¸c 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) ¹hc be|encc Shcc|, |ron| eno |oss /ccoun| eno Cesh ||ov S|e|cmcn| oce||
v||h cy |h|s rcpor| erc |n e¸rccmcn| v||h |hc coo|s of eccoun|,
,o) ln our op|n|on, |hc be|encc Shcc|, |ron| eno |oss /ccoun| eno Cesh ||ov
S|e|cmcn| oce|| v||h cy |h|s rcpor| 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,
cxccp| for ||cms covcrco cy po|n|s 4 ecovc,
,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) ln our op|n|on, eno eccoro|n¸ |o |hc ccs| of our |nforme||on eno eccoro|n¸
|o |hc cxp|ene||ons ¸|vcn |o us, eno suc¦cc| |o for¸o|n¸ pere¸reph, |hc
se|o eccoun|s rceo v||h |hc /ccoun||n¸ |o||c|cs eno |o|cs |hcrcon |n
Schcou|c 19, ¸|vc |hc |nforme||on rcqu|rco cy |hc Compen|cs /c|, 195o
|n |hc menncr so rcqu|rco eno ¸|vcs 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 be|encc Shcc|, of |hc s|e|c of effe|rs of |hc Compeny es
e| 31
s|
Verch 2O11,
c. |n |hc cesc of |ron| eno |oss /ccoun|, of |hc pron| for |hc ycer
cnoco on |he| oe|c, eno
c. |n |hc cesc of Cesh ||ov S|e|cmcn|, of |hc cesh novs for |hc ycer
cnoco on |he| oe|c.
|or bhuo|eo|e & Compeny
Cher|crco /ccoun|en|s
||rm |c¸. |o. OO2511|
,|uncc| S|n¸|e)
||ecc: |cv |c|h| |er|ncr
|e|c : 7
|h
Vey, 2O11 Vcmccrsh|p |o.: 5Oo277
ANNEXURE TO THE AUDITORS’ REPORT
,|cfcrrco |o |n pere¸reph 3 of our rcpor| of cvcn oe|c on |hc s|e|cmcn| of eccoun|s of
V/s |¹|C ||cc|r|c Supp|y Compeny ||o., |cv |c|h| for |hc ycer cnoco on 31
s|
Verch
2O11)
,|) ,e) ¹hc 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) ¹hc nxco essc|s of |hc Compeny erc vcr|nco cy |hc mene¸cmcn| e| |hc
|n|crve|s of |vo ycers. |ur|n¸ |hc ycer phys|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 rcsonec|c hev|n¸ rc¸ero |o |hc s|zc
eno ne|urc of ||s essc|s. |o me|cr|e| o|scrcpenc|cs vcrc no||cc 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.
,||) ¹hc compeny oocs no| hevc eny |nvcn|ory. Conscqucn||y, c|euscs ,||) ,e) |o ,||)
,c) of pere¸reph 4 of C/|O erc no| epp||cec|c |o |hc Compeny.
,|||) /ccoro|n¸ |o |nforme||on eno cxp|e|ne||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 pere¸reph 4 of C/|O 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| me¦or vce|ncsscs |n |n|crne| con|ro| sys|cms.
,v) ,e) /ccoro|n¸ |o |hc |nforme||on eno cxp|e|ne||ons ¸|vcn |o us, vc erc of
|hc op|n|on |he| |hcrc erc no con|rec|s or erren¸cmcn| 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.
,c) /ccoro|n¸ |o |hc |nforme||on eno cxp|e|ne||ons ¸|vcn |o us, |hcrc erc
no |rensec||ons of purchesc of ¸ooos eno me|cr|e|s eno se|c of ¸ooos,
me|cr|e|s eno scrv|ccs meoc |n pursuencc of con|rec|s or erren¸cmcn|s
cn|crco |n |hc rc¸|s|cr me|n|e|nco unocr Scc||on 3O1 of |hc Compen|cs
/c|, 195o, eno e¸¸rc¸e||n¸ our|n¸ ycer |o ` 5,OO,OOO or morc v||h eny
per|y.
,v|) ¹hc 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|cms commcnsure|c v||h
|hc s|zc eno ne|urc of ||s cus|ncss.
,v|||) ¹hc 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) ¹hc Compeny hes cccn ¸cncre||y rc¸u|er |n ocpos|||n¸ uno|spu|co
s|e|u|ory oucs |nc|uo|n¸ lncomc ¹ex, Se|c ¹ex, \ce||h ¹ex, Scrv|cc ¹ex,
Cus|om |u|y, |xc|sc |u|y, Ccss eno o|hcr s|e|u|ory oucs, v||h eppropr|e|c
eu|hor|||cs. bc|n¸ e vho||y ovcnco sucs|oery of V/s. |¹|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||on ¸|vcn |o us, |hcrc erc no
uno|spu|co s|e|u|ory oucs ou|s|eno|n¸ for pcr|oo of morc |hen s|x mon|hs
from |hc oe|c |hcy cccemc peyc|c, es pcr coo|s of eccoun|s es e| 31
s|

Verch, 2O11.
,c) /ccoro|n¸ |o |hc |nforme||on eno cxp|ene||on ¸|vcn |o us, |hcrc erc
o|spu|co s|e|u|ory oucs, vh|ch hevc no| cccn ocpos||co es on 31
s|
Verch,
2O11 es ¸|vcn hcrc|n cc|ov:
Statue Nature of Dues Amount
(`)
Forum where
disputes are pending
lncomc ¹ex
/c|, 19o1
¹|S on pcr|s
lncomc ¹ex
49,85,28o ||¸h Cour|, /||ehceo
,x) ¹hc 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|) ¹hc Compeny hes no| |e|cn eny |oens from eny nnenc|e| |ns|||u||ons, cen| or cy
vey of |ssuc of occcn|urcs. Conscqucn||y, c|eusc ,x|) of pere¸reph 4 of C/|O
|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 ces|s of sccur||y cy vey of p|co¸c of shercs,
occcn|urcs eno o|hcr sccur|||cs.
,x|||) ¹hc Compeny |s no| e ch|| funo or e n|oh| / mu|ue| ccncn| funo / soc|c|y. ¹hcrcforc,
c|eusc ,x|||) of pere¸reph 4 of C/|O |s no| epp||cec|c |o |hc Compeny.
,x|v) ¹hc 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 pere¸reph 4 of C/|O |s no|
epp||cec|c |o |hc Compeny.
,xv) ¹hc Compeny hes no| ¸|vcn eny ¸ueren|ccs for |oens |e|cn cy o|hcrs from cen|s
or nnenc|e| |ns|||u||ons.
,xv|) ¹hc 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 |hrou¸h e puc||c |ssuc our|n¸ |hc ycer.
,xx|) ¹o |hc ccs| of our |nov|co¸c 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.
|or bhuo|eo|e & Compeny
Cher|crco /ccoun|en|s
||rm |c¸. |o. OO2511|
,|uncc| S|n¸|e)
||ecc: |cv |c|h| |er|ncr
|e|c : 7
|h
Vey, 2O11 Vcmccrsh|p |o.: 5Oo277
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 FOR THE YEAR ENDED 31 MARCH 2011.
¹hc prcpere||on of nnenc|e| s|e|cmcn|s of |¹|C ||cc|r|c Supp|y Compeny ||m||co, |cv
|c|h|, for |hc ycer cnoco 31 Verch 2O11 |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
mene¸cmcn| of |hc Compeny. ¹hc 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. ¹h|s |s s|e|co |o hevc cccn oonc cy |hcm v|oc |hc|r
/uo|| |cpor| oe|co O7 Vey 2O11.
l, on cche|f of |hc Comp|ro||cr eno /uo||ors 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 |¹|C ||cc|r|c Supp|y
Compeny ||m||co, |cv |c|h| for |hc ycer cnoco 31 Verch 2O11 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: 1o
|h
Vey, 2O11
|or eno on cche|f of |hc
Comp|ro||cr & /uo||or Gcncre| of lno|e
,V. |. b|sves)
|r|nc|pe| ||rcc|or of Commcrc|e| /uo|| eno
|x-ofnc|o Vcmccr /uo|| boero-lll, |cv |c|h|
35
th
Annual Report 2010-2011 1oO
NTPC HYDRO LIMITED
,/ vho||y ovnco sucs|o|ery of |¹|C ||m||co)
DIRECTORS’ REPORT
¹o
¹hc Vcmccrs,
/our ||rcc|ors hevc p|cesurc |n prcscn||n¸ |hc|r 9
|h
/nnue| |cpor| on |hc pcrformencc
of |hc Compeny for |hc nnenc|e| ycer cnoco 31
s|
Verch, 2O11 |o¸c|hcr v||h |hc
/uo||co /ccoun|s eno /uo||ors' |cpor| |hcrcon.
OPERATIONAL REVIEW
/our Compeny |s prcscn||y cxccu||n¸ |vo pro¦cc|s nemc|y, |e|e ¹epoven |yoro
||cc|r|c |ro¦cc| ,171 V\), |oce|co |n Chemo|| ||s|r|c| of 0||ere|heno eno |emmem
|yoro ||cc|r|c |ro¦cc|, S|e¸c ÷ lll ,12O V\) |oce|co |n |er¦cc||n¸ ||s|r|c| of \cs|
bcn¸e| eno \cs| S||||m ||s|r|c| of S||||m.
|e|e ¹epoven ||| |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. ln rcspcc| of |e|e ¹epoven |||, 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 pro¦cc| hes e|so cccn oc|e|nco.
|emmem |||, S|e¸c ÷ lll, |s cc|n¸ ocvc|opco for |hc ccncn| of \cs| bcn¸e| eno
S||||m. /n |n|crs|e|c e¸rccmcn| cc|vccn \cs| bcn¸e| eno S||||m |n |h|s rc¸ero hevc
cccn s|¸nco. /|| rcqu|s||c s|e|u|ory c|cerenccs eno phys|ce| posscss|on of |eno hes
cccn oc|e|nco. lnfres|ruc|urc |cvc|opmcn| ec||v|||cs |||c cons|ruc||on of epproech
roeo eno cr|o¸cs erc unocr pro¸rcss.
bo|h |hc pro¦cc|s hevc cccn p|ennco for |mp|cmcn|e||on |hrou¸h ||C rou|cs eno |hc
||C pec|e¸cs erc unocr ver|ous s|e¸cs of c|oo|n¸. ¹hcsc pro¦cc|s erc s|e|co for
comm|ss|on|n¸ our|n¸ 12
|h
||en pcr|oo.
/our compeny hes cn|crco |n|o |ovcr |urchesc /¸rccmcn|s, for |e|e ¹epoven ||||
eno |ovcr |urchesc /¸rccmcn| for |emmem ||| |s unocr o|scuss|on v||h conccrnco
ccncnc|ery.
/our boero of ||rcc|ors |n ||s 3o
|h
mcc||n¸ hes eccoroco |n-pr|nc|p|c epprove| for
mcr¸cr of |¹|C |yoro ||m||co v||h |¹|C ||m||co.
FINANCIAL REVIEW
¹hc nnenc|e| h|¸h||¸h|s of |hc Compeny erc es unocr:
,` |n Crorc)
Particulars FY 2010-11 FY 2009-10
|e|o-up Sherc Cep||e| 113.9o 1OO.8O
Sherc Cep||e| |cpos|| ÷ |cno|n¸ /||o|mcn| O.5 1.75
|c| b|oc| 22.47 22.42
Cep||e| \or| |n pro¸rcss 79.O9 o8.34
Cons|ruc||on S|orcs & /ovenccs 7.17 7.2O
|xpcno||urc |rensfcrrco |o ||C 2 7.7o
MANAGEMENT DISCUSSION & ANALYSIS
Vene¸cmcn| ||scuss|on ene|ys|s rcpor| 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
¹hc Compeny hes no| ecccp|co eny nxco ocpos|| our|n¸ |hc nnenc|e| ycer cno|n¸
31
s|
Verch 2O11.
AUDITORS’ REPORT
¹hc Comp|ro||cr eno /uo||or Gcncre| of lno|e ,C& /G) v|oc |c||cr oe|co 22
no
/u¸us|
2OO9 heo eppo|n|co V/S |SV| & Compeny, Cher|crco /ccoun|en|s es S|e|u|ory
/uo||or of |hc Compeny for |hc nnenc|e| ycer 2O1O-11. V/S |SV| & Compeny heo
conouc|co s|e|u|ory euo|| of |hc coo|s of eccoun|s for |hc nnenc|e| ycer 2O1O-11
eno |hcrc |s no eovcrsc commcn|, ocscrve||on or rcscrve||on |n |hc /uo||ors' |cpor|
on |hc eccoun|s of |hc Compeny.
COMPTROLLER & AUDITOR GENERAL REVIEW
¹hc Comp|ro||cr & /uo||or Gcncre| of lno|e ,C&/G) v|oc ||s |c||cr oe|co 1o
|h
Vey
2O11 hevc commun|ce|co |he| C&/G hevc 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 ycer cnoco 31
s|
Verch,
2O11 eno es such hevc no commcn|s |o me|c unocr Scc||on o19 ,4) of |hc Compen|cs
/c|, 195o. Copy of |hc |c||cr rccc|vco from C&/G |s cnc|osco es en enncxurc |o |hc
rcpor| of |hc S|e|u|ory /uo||ors.
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. ¹hc /uo|| Comm|||cc
Compr|scs of :
Shr| /.|. S|n¸he|, ||rcc|or 1.
Shr| b.|.S|n¸h, ||rcc|or 2.
Shr| |.|.!e|n, ||rcc|or 3.
|ur|n¸ |hc ycer unocr rcv|cv |vo mcc||n¸s of |hc /uo|| Comm|||cc vcrc hc|o on
O5
|h
Vey, 2O1O eno 17
|h
|cccmccr, 2O1O rcspcc||vc|y.
PARTICULARS OF EMPLOYEES
/s no cmp|oycc |n |hc Compeny |s 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 , |hcrcforc, per||cu|ers of cmp|oyccs erc no| rcqu|rco |o cc
¸|vcn.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNING & OUTGO
S|ncc |hc pro¦cc|s unocr|e|cn cy |hc Compeny erc |n |mp|cmcn|e||on s|e¸cs, |hcrc
erc no s|¸n|ncen| per||cu|ers, rc|e||n¸ |o conscrve||on of cncr¸y & |cchno|o¸y
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 no cern|n¸ or cxpcno||urc |n forc|¸n
currcncy.
DIRECTORS RESPONSIBILITY STATEMENT
|ursuen| |o Scc||on 217,2//) of |hc Compen|cs /c| 195o, your ||rcc|ors connrm
|he|:
|n |hc prcpere||on of |hc /nnue| /ccoun|s for |hc nnenc|e| ycer cnoco 31 1.
s|

Verch 2O11, |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,
|hc ||rcc|ors hevc sc|cc|co such eccoun||n¸ po||c|cs eno epp||co |hcm 2.
cons|s|cn||y, eno meoc ¦uo¸mcn|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 2O11 eno of |hc |oss of |hc compeny for |hc se|o
pcr|oo,
|hc ||rcc|ors heo |e|cn propcr eno sufnc|cn| cerc for |hc me|n|cnencc of 3.
eocque|c eccoun||n¸ rccoros |n eccoroencc v||h |hc prov|s|ons of |hc
Compen|cs /c|, 195o, for sefc¸uero|n¸ |hc essc|s of |hc compeny eno for
prcvcn||n¸ eno oc|cc||n¸ freuo eno o|hcr |rrc¸u|er|||cs, eno
|hc ||rcc|ors heo prcperco |hc ennue| eccoun|s for |hc nnenc|e| ycer cnoco 4.
31
s|
Verch 2O11, on ¸o|n¸ conccrn ces|s.
BOARD OF DIRECTORS
Conscqucn| upon supcrennue||on from |hc scrv|ccs of |¹|C ||m||co, Shr| |.S.Sherme
ccesco |o cc |hc Che|rmen of |hc Compeny v.c.f. 31
s|
/u¸us|, 2O1O. /our boero
p|eccs on rccoro ||s occp epprcc|e||on for |hc |nve|uec|c con|r|cu||on meoc cy h|m
our|n¸ h|s |cnurc. ln cxcrc|sc of povcrs confcrrco unocr /r||c|c 1O1 of |hc /r||c|cs
of /ssoc|e||on of |hc Compeny, |¹|C ||m||co |.c. ho|o|n¸ Compeny hes eppo|n|co
Shr| /rup |oy Chouohury, Che|rmen & Vene¸|n¸ ||rcc|or, |¹|C es Che|rmen on |hc
boero of your Compeny v.c.f. 25
|h
Scp|cmccr 2O1O. ln |crms of Scc||on 2oO of |hc
Compen|cs /c|, 195o, Shr| /rup |oy Chouohury v||| ho|o ofncc up|o |hc oe|c of
cnsu|n¸ /nnue| Gcncre| Vcc||n¸. ¹hc Compeny hes rccc|vco rcqu|s||c no||cc |n
vr|||n¸ from e mcmccr of |hc Compeny propos|n¸ |hc|r ceno|oe|urc for |hc ofncc of
||rcc|or ||ec|c |o rc||rc cy ro|e||on.
/s pcr |hc prov|s|ons of |hc Compen|cs /c|, 195o, Shr| b.|.S|n¸h, ||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|.
ACKNOWLEDGEMENT
¹hc 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 |¹|C ||m||co, |hc ho|o|n¸ Compeny, V|n|s|ry of
|ovcr & o|hcr e¸cnc|cs of Gov|. of lno|e, Gov|. of 0||re|heno, Gov|. of \cs| bcn¸e|,
Gov|. of S||||m, /uo||ors, ben|crs eno cmp|oyccs of |hc Compeny.
|or eno on cche|f of |hc boero of ||rcc|ors
||ecc : |c|h| |cv ,/rup |oy Chouohury)
|e|co : !u|y Oo, 2O11 Che|rmen
35
th
Annual Report 2010-2011 1o1
ANNEXURE-I
MANAGEMENT DISCUSSION AND ANALYSIS REPORT
I. INDUSTRY STRUCTURE AND DEVELOPMENT
|ncr¸y |s |hc ||fc||nc of moocrn cconom|cs. l| cons|||u|cs e per| of ces|c |nfres|ruc|urc.
¹hc povcr scc|or prov|ocs onc of |hc mos| |mpor|en| |npu|s for |hc ocvc|opmcn| of
e coun|ry eno eve||ec||||y of rc||ec|c eno efforoec|c povcr |s cr|||ce| for ||s sus|e|nec|c
cconom|c ocvc|opmcn|.
/s on 31
s|
Verch, 2O11, |hc |o|e| |ns|e||co cepec||y |n lno|e ves 173o2o.4O V\ ou|
of vh|ch, sherc of ¹hcrme|, |yoro, |uc|cer eno |cncvec|c cncr¸y sourccs vcrc es
fo||ovs:
Installed
Capacity (MW)
¹hcrme| 112824.48
|uc|cer 478O.OO
|yoro 375o7.4O
|cncvec|c |ncr¸y 18454.52
Total 173626.40
,Sourcc: Ccn|re| ||cc|r|c||y /u|hor||y)
|yoro povcr |s e rcncvec|c, cconom|c, non po||u||n¸ eno cnv|ronmcn|e||y ccn|¸n
sourcc of cncr¸y. |yoro povcr s|e||ons hevc |hc |nhcrcn| ec||||y for |ns|en|encous
s|er||n¸, s|opp|n¸, |oeo ver|e||ons c|c. eno hc|p |n |mprov|n¸ rc||ec||||y of povcr
sys|cm. ln eoo|||on |o ecovc, |n hyoro pro¦cc|s |hc ¸cncre||on cos| rcouccs ovcr
||mc eno e|so hevc |on¸ uscfu| ||fc. |yoro pro¦cc|s hc|p |n conscrv|n¸ scercc foss||
fuc| eno e|so rcoucc cm|ss|on of ¸rccn housc ¸escs. Vorcovcr, es hyoro pro¦cc|s erc
mos||y |oce|co |n rcmo|c eno cec|vero erces, cons|ruc||on of hyoro pro¦cc|s eno
|nfres|ruc|urc essoc|e|co v||h |hc hyoro pro¦cc|s hc|p |n opcn|n¸ evcnucs of
ocvc|opmcn| of rcmo|c eno cec|vero erces. ¹hc ccncn|s of hyoro povcr es e
c|cen, cnv|ronmcn| fr|cno|y eno cconom|ce||y e||rec||vc sourcc of cncr¸y hevc nov
cccn sufnc|cn||y rcco¸n|sco.
Our Coun|ry hes cccn cnoovco v||h cnormous hyoro povcr po|cn||e|, |es| esscssco
|o cc 84OOO V\ e| oO% |oeo fec|or vh|ch esscssco |o cc ecou| 15OOOO V\ |n
|crms of |ns|e||co Cepec||y. |ovcvcr, |ns|e||co cepec||y of hyoro c|cc|r|c pro¦cc|s
ves on|y 37,5o7 V\ es on 31
s|
Verch 2O11.
ln eoo|||on |o ecovc, o782 V\ of |ns|e||co cepec||y hes cccn ecccssco from sme||,
m|n| eno m|cro hyoc| schcmcs.
II. STRENGTHS
/our compeny |s prcscn||y cxccu||n¸ |vo pro¦cc|s nemc|y, |e|e ¹epoven |yoro
||cc|r|c |ro¦cc| ,171 V\), |oce|co |n Chemo|| ||s|r|c| of 0||ere|heno eno |emmem
|yoro ||cc|r|c |ro¦cc|, S|e¸c ÷ lll ,12O V\) |oce|co |n |er¦cc||n¸ ||s|r|c| of \cs|
bcn¸e| eno \cs| S||||m ||s|r|c| of S||||m. /our Compeny hes rccc|vco e|| s|e|u|ory
c|cerenccs for co|h pro¦cc|s eno |nfres|ruc|urc ocvc|opmcn| ec||v|||cs erc prcscn||y
cc|n¸ cerr|co ou|. bo|h |hc pro¦cc|s erc |o cc cxccu|co on ||C pec|e¸c ces|s, vh|ch
erc unocr ver|ous s|e¸cs of c|oo|n¸.
Strong design and engineering support
/our Compeny |s e vho||y ovnco sucs|o|ery of |¹|C ||m||co. |¹|C hes |ns|e||co
cepec||y of morc |hen 34OOO V\. Currcn||y, |¹|C |s ocvc|op|n¸ |hrcc hyoro pro¦cc|s
nemc|y ¹epoven v|snu¸eo |yoro ||cc|r|c |ro¦cc| ,52O V\), |o|oem |yoro ||cc|r|c
|ro¦cc| ,8OO V\) eno S|n¸reu|| C\ o|scher¸c sme|| hyoro pro¦cc| ,8V\). \||h e
v|cv |o |e|c eoven|e¸c of cxpcr||sc of |¹|C |n cn¸|nccr|n¸, ocs|¸n, con|rec|ue| eno
o|hcr |cchn|ce| |ssucs, your compeny hes cn|crco |n|o vor||n¸ erren¸cmcn| v||h
|¹|C ||m||co unocr vh|ch e|| prc eno pos| evero cn¸|nccr|n¸ es vc|| es proccss|n¸
eno evero of ||C pec|e¸cs |n rcspcc| of |e|e ¹epoven |yoro ||cc|r|c |ro¦cc| eno
|emmem |yoro ||cc|r|c |ro¦cc| ,S|e¸c-lll) v||| cc oonc cy |¹|C.
Power Purchase Agreements with customers
/our compeny hes cn|crco |n |o |ovcr |urchesc /¸rccmcn|s, for |e|e ¹epoven
|yoro ||cc|r|c |ro¦cc|, v||h |or|h |c|h| |ovcr ||o., bS|S /emune |ovcr ||o., bS|S
|e¦ohen| |ovcr ||o., |e|sh|n |eryene b|¦|cc v||ren ||¸em ||o., 0||er |eryene b|¦|cc
v||ren ||o, !e|pur v|oyu| v||ren ||o., /¦mcr v|oyu| v||ren ||¸em ||o. eno !oohpur
v|oyu| v||ren ||¸em ||o., ||meche| |reocsh S|e|c ||cc|r|c||y boero, 0||er |reocsh
|ovcr Corpore||on ||o., 0||ere|heno |ovcr Corpore||on, Gov|. of !emmu eno
|eshm|r, |un¦ec S|e|c |ovcr Corpore||on ||o. eno ||cc|r|c||y v|n¸ of |n¸|nccr|n¸
|cp|| of 0n|on ¹crr||ory of Cheno|¸erh. ¹hc |ovcr |urchesc /¸rccmcn|s prov|oc for
opcn|n¸ of |c||cr of Crco||, |cfeu|| |scrov /rren¸cmcn| eno nrs| cher¸c 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 |ro¦cc| |s unocr o|scuss|on
v||h conccrnco ccncnc|ery.
III. OPPORTUNITIES
|yoro povcr pro¦cc|s no| on|y ¸cncre|c c|cen cncr¸y cu| e|so prov|oc or|n||n¸
ve|cr supp|y, |rr|¸e||on, |ncrcesco cmp|oymcn| oppor|un|||cs, |nous|r|e| ocvc|opmcn|
c|c. |o |hc rc¸|on. ¹hc Govcrnmcn| of lno|e hes eccoroco e h|¸h pr|or||y |o |hc
ocvc|opmcn| of |yoro |o|cn||e| |n |hc coun|ry eno |n rcccn| ycers Govcrnmcn| hes
|e|cn e numccr of po||cy |n|||e||vcs |o eoorcss |hc |ssucs |mpcno|n¸ |hc ocvc|opmcn|
of |yoro |ovcr. ver|ous rcforms eno |n|||e||vcs |||c cnec|mcn| of ||cc|r|c||y /c|,
2OO3, ren||n¸ s|uoy of po|cn||e| hyoro s||cs cy C|/ |n 2OO1, 5OOOO V\ |yoro
||cc|r|c |n|||e||vc, |e||one| \e|cr |o||cy-2OO5 c|c. hevc cccn |e|cn cy |hc Govcrnmcn|
of lno|e |o eccc|cre|c ocvc|opmcn| of |yoro |ovcr |n |hc Coun|ry. |ur|hcr, |hc
cec|nc| |n !enuery 2OO8 heo epprovco e |cv |yoro |o||cy-2OO8 v||h e v|cv |o
eoorcss ver|ous proc|cms vh|ch hevc |mpcoco |hc ocvc|opmcn| of |yoro |ovcr
from ||mc |o ||mc. 0nocr 5OOOO V\ |yoro ||cc|r|c |n|||e||vcs, C|/ hes prcperco
|rc-fces|c||||y |cpor| for 1o2 hyoro pro¦cc|s |n 1o s|e|cs ecross lno|e.
bo|h pro¦cc|s of your compeny erc s|e|co for comm|ss|on|n¸ our|n¸ |hc 12
|h
||en
pcr|oo.
IV. OUTLOOK
/s pcr |hc esscssmcn| of C|/, |hc coun|ry |s cnoovco v||h hyoro po|cn||e| of
epprox. 15OOOO V\. |ur|hcr, |yoro povcr po|cn||e| e| oO% |oeo fec|or, heo cccn
cs||me|co e| 84,OOO V\. /| prcscn|, |ns|e||co |yoro |ovcr Cepec||y of |hc Coun|ry
|s 37,5o7.4O V\ on|y. ¹hcrcforc, |hcrc |s hu¸c po|cn||e| |n |hc erces of |yoro |ovcr
vh|ch erc yc| |o cc herncssco.
V. RISK & CONCERNS/WEAKNESS/ THREATS
|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 |&|, eppor||onmcn| of
ce|chmcn| erce |rce|mcn| emon¸ ver|ous ccncnc|er|cs, nc| prcscn| ve|uc eno ||s
upfron| peymcn| for esscss|n¸ |hc cos| of forcs| o|vcrs|on c|c. erc somc of |hc erces
of conccrn vh|ch hes merrco ocvc|opmcn| of |yoro |ovcr |n |hc Coun|ry. |yoro
|ro¦cc|s erc h|¸h|y cep||e| |n|cns|vc eno hevc |on¸ ¸cs|e||on pcr|oos.
VI. INTERNAL CONTROL SYSTEM
/our Compeny hes eocque|c ln|crne| Con|ro| sys|cm e| ||s pro¦cc|s eno eom|n|s|re||vc
ofnccs. /our Compeny |s fo||ov|n¸ ocnnco Schcmc of |c|c¸e||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|| pro¦cc|s eno eom|n|s|re||vc ofnccs erc cerr|co ou| cy
|nocpcnocn| nrms of Cher|crco /ccoun|en|s eno nno|n¸s 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 |¹|C, |hc |n|crne| con|ro| mcchen|sm of |hc Compeny |s e|so suc¦cc| |o
rcv|cv pcr|oo|ce||y cy |hc ln|crne| /uo|| |cper|mcn| of |hc |¹|C.
VII. FINANCIAL PERFORMANCE
|ur|n¸ |hc nnenc|e| ycer |e|o-up sherc Cep||e| of |hc Compeny hes |ncrcesco from
` 1OO.8O Crorc |o ` 113.9o crorc. ¹hc Cep||e| vor| |n pro¸rcss hes |ncrcesco cy
` 1O.75 Crorc. ¹hc pro¦cc|s unocr|e|cn cy |hc Compeny erc |n cons|ruc||on s|e¸c,
|hcrcforc e|| |hc eom|n|s|re||vc cxpcno||urcs of |hc Compeny erc |rensfcrrco |o
Cep||e| vor|-|n-pro¸rcss.
VIII. HUMAN RESOURCE
/| prcscn|, 22 cxccu||vcs erc pos|co |n |hc Compeny eno e|| cmp|oyccs erc on
scconomcn| ces|s from |¹|C ||m||co. |cvc|opmcn| of |umen rcsourcc cy |mper||n¸
¹re|n|n¸ |s e con||nuous proccss. ln your Compeny, |hcrc |s e po||cy of |mper||n¸
m|n|mum 7 oeys |re|n|n¸ |n e ycer. ¹re|n|n¸ pro¸rems erc ¸cncre||y conouc|co |n
essoc|e||on v||h |ovcr Vene¸cmcn| lns|||u|c, onc of |hc |ceo|n¸ |re|n|n¸ |ns|||u|c |n
|ovcr Scc|or.
IX. ENVIRONMENT PROTECTION
/s e rcspons|c|c corpore|c c|||zcn, your Compeny |s comm|||co for pro|cc||on of
cnv|ronmcn| eno cco|o¸|ce| ce|encc |n erces erouno |hc pro¦cc|. bo|h pro¦cc|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. ¹hc 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 Vene¸cmcn| ||scuss|on eno /ne|ys|s, ocscr|c|n¸ oc¦cc||vcs,
pro¦cc||ons eno cs||me|cs, erc forvero-|oo||n¸ s|e|cmcn|s eno pro¸rcss|vc, v||h|n
|hc mcen|n¸ of epp||cec|c sccur||y |evs eno rc¸u|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.
|or eno on cche|f of |hc boero of ||rcc|ors
||ecc : |cv |c|h| ,/rup |oy Chouohury)
|e|co : !u|y Oo, 2O11 Che|rmen
INSTALLED CAPACITY (MW)
||||\/b|| 11%
|/||O
22%
|0C||/|
3%
¹|||V/| o4%
¹|||V/| |/||O
|0C||/| ||||\/b||
35
th
Annual Report 2010-2011 1o2
SIGNIFICANT ACCOUNTING POLICIES
1. BASIS OF PREPARATION
¹hc 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
¹hc 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. /||hou¸h 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 rcco¸n|zco |n |hc pcr|oo |n vh|ch |hc rcsu||s erc
crys|e|||zco.
3. FIXED ASSETS
3.1 ||xco /ssc|s erc cerr|co e| h|s|or|ce| cos| |css eccumu|e|co
ocprcc|e||on.
3.2 |xpcno||urc on rcnove||on eno moocrn|ze||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.
3.3 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.
3.4 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-|ro¸rcss |||| |hc pcr|oo of comp|c||on
eno |hcrcef|cr |n |hc ||xco /ssc|s.
3.5 |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.
3.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||ze||on |s oonc on prov|s|one|
ces|s suc¦cc| |o ncccssery eo¦us|mcn| |n |hc ycer of nne| sc|||cmcn|.
3.7 /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.
4. CAPITAL WORK-IN-PROGRESS
4.1 ln rcspcc| of supp|y-cum-crcc||on con|rec|s, |hc ve|uc of supp||cs
rccc|vco e| s||c eno ecccp|co |s |rce|co es Cep||e| \or|-|n-|ro¸rcss.
4.2 /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.
4.3 |cpos|| vor|/ 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.
4.4 0nsc|||co ||ec||||y for pr|cc ver|e||on/cxchen¸c 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.
5. PROFIT AND LOSS ACCOUNT
EXPENDITURE
5.1 |cprcc|e||on |s cher¸co on s|re|¸h| ||nc mc|hoo fo||ov|n¸ |hc re|cs eno
mc|hooo|o¸y no||nco cy C||C |c¸u|e||ons, 2OO9 cxccp| for |hc
fo||ov|n¸ essc|s 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
5.2 |cprcc|e||on on eoo|||on |o / ocouc||on from nxco essc|s our|n¸ |hc
ycer |s cher¸co 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|.
5.3 /ssc|s cos||n¸ up|o ` 5OOO/- erc fu||y ocprcc|e|co |n |hc ycer of
ecqu|s|||on.
5.4 Cos| of sof|verc rcco¸n|zco es |n|en¸|c|c essc|s, |s emor||sco on s|re|¸h|
||nc mc|hoo ovcr e pcr|oo of |c¸e| r|¸h| |o usc or 3 ycers, vh|chcvcr |s
cer||cr. ln|en¸|c|c essc|s ÷ O|hcrs erc emor||zco on s|re|¸h| ||nc mc|hoo
ovcr |hc pcr|oo of |c¸e| r|¸h| |o usc.
5.5 \hcrc |hc cos| of ocprcc|ec|c essc|s hes unocr¸onc e chen¸c our|n¸
|hc ycer ouc |o |ncrcesc/occrcesc |n |on¸ |crm ||ec|||||cs on eccoun| of
cxchen¸c nuc|ue||on, pr|cc eo¦us|mcn|, chen¸c |n ou||cs or s|m||er
fec|ors, |hc unemor||zco ce|encc of such essc| |s cher¸co prospcc||vc|y
e| |hc re|cs eno mc|hooo|o¸y no||nco cy C||C |c¸u|e||ons.
5.o Cep||e| cxpcno||urc on essc| no| ovnco cy |hc compeny |s emor||sco
ovcr e pcr|oo of 4 ycers from |hc ycer |n vh|ch |hc nrs| un|| of pro¦cc|
conccrnco comcs |n|o commcrc|e| opcre||on eno |hcrcef|cr from |hc
ycer |n vh|ch |hc rc|cven| essc| cccomcs eve||ec|c for usc. |ovcvcr,
such cxpcno||urc for commun||y ocvc|opmcn| |n cesc of s|e||ons unocr
opcre||on |s cher¸co off |o rcvcnuc.
5.7 |cescho|o |enos eno cu||o|n¸s 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|o¸y no||nco
cy C||C |c¸u|e||ons. |cescho|o |eno ecqu|rco on pcrpc|ue| |cesc |s no|
emor||sco.
5.8 |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 cher¸co |o
rcvcnuc |n |hc ycer |ncurrco.
5.9 /c|uer|e| ¸e|ns/|osscs |n rcspcc| of '|mp|oycc bcncn| ||ens' erc
rcco¸n|zco |n |hc s|e|cmcn| of |ron| & |oss /ccoun|.
5.1O |rcpe|o cxpcnscs eno pr|or pcr|oo cxpcnscs /|ncomc of ||cms of
` 1OO,OOO/- eno cc|ov erc cher¸co |o ne|ure| hceos of eccoun|s.
6. PROVISIONS AND CONTINGENT LIABILITIES
/ prov|s|on |s rcco¸n|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 mene¸cmcn| 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||n¸cn| ||ec|||||cs erc o|sc|osco on |hc ces|s of ¦uo¸mcn| of
|hc mene¸cmcn|/|nocpcnocn| cxpcr|s. ¹hcsc erc rcv|cvco e| cech ce|encc
shcc| oe|c eno erc eo¦us|co |o rcncc| |hc currcn| mene¸cmcn| 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'.
NTPC HYDRO LIMITED
BALANCE SHEET AS AT 31
st
March 2011
`
Schcou|c
|o.
As at
31.03.2011
/s e|
31.O3.2O1O
SOURCES OF FUNDS
Sherc Cep||e| 1 1,139,595,000 1,OO7,99O,4OO
Sherc Cep||e| |cpos||-|cno|n¸
/||o|mcn| 5,000,000 17,5OO,OOO
Total 1,144,595,000 1,O25,49O,4OO
APPLICATION OF FUNDS
FIXED ASSETS
Gross b|oc| 2 232,061,369 229,738,74O
|css: |cprcc|e||on 7,328,951 5,557,o31
|c| b|oc| 224,732,418 224,181,1O9
Cep||e| \or| |n |ro¸rcss 3 790,905,993 o83,358,94O
Cons|ruc||on S|orcs &
/ovenccs 4 71,667,987 71,997,329
1,087,306,398 979,537,378
CURRENT ASSETS, LOANS
AND ADVANCES
Cesh eno ben| be|enccs 5 2,086,045 3,o5O,243
|oens eno /ovenccs o 312,249 4,4O7,92o
O|hcr Currcn| /ssc|s 7 10,311 14,489
2,408,605 8,O72,o58
LESS: CURRENT LIABILITIES &
PROVISIONS
Currcn| ||ec|||||cs 8 26,442,624 43,18O,o57
|rov|s|ons 9 4,071 2o5,o71
26,446,695 43,44o,328
|c| Currcn| /ssc|s (24,038,090) ,35,373,o7O)
PROFIT & LOSS ACCOUNT 81,326,692 81,32o,o92
Total 1,144,595,000 1,O25,49O,4OO
|o|cs on /ccoun|s 1o
Schcou|cs 1 |o 1o, s|¸n|ncen| eccoun||n¸ po||c|cs form |n|c¸re| per| of eccoun|s.
/s pcr our rcpor| of cvcn oe|c |or eno on cche|f of boero of ||rcc|ors
For M/s KSMN & COMPANY
Cher|crco /ccoun|en|s
||rm |c¸. |o. OO1O75|
(Praveen Kumar Verma)
|er|ncr
Vcmccrsh|p |o. 5O4o8o
(Manish Kumar)
Compeny Sccrc|ery
(A K Singhal)
||rcc|or
(Arup Roy Choudhury)
Che|rmen
||ecc : |cv |c|h|
|e|co : 29
|h
/pr||, 2O11
35
th
Annual Report 2010-2011 1o3
NTPC HYDRO LIMITED
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31
st
MARCH, 2011
`
Schcou|c
|o.
Current Year
31.03.2011
|rcv|ous /cer
31.O3.2O1O
INCOME
O|hcr lncomc 1O - -
EXPENDITURE
|mp|oyccs' rcmuncre||on eno
ccncn|s 11 - -
/om|n|s|re||on & o|hcr cxpcnscs 12 -
|cprcc|e||on 2 - -
||nencc cher¸cs 13 - -
Total Expenditure -
Loss before Tax and Prior
Period Adjustment
-
|r|or pcr|oo cxpcno||urc 14 -
Loss before Tax -
|css:/||oce|co |o ||C -
Loss after Tax -
be|encc crou¸h| forvero (81,326,692) ,81,32o,o92)
Balance carried to Balance Sheet (81,326,692) ,81,32o,o92)
|xpcno||urc |ur|n¸ Cons|ruc||on 15 -
|ern|n¸ pcr sherc,bes|c/|||u|co)
|o|cs on /ccoun|s 1o
Schcou|cs 1 |o 1o, s|¸n|ncen| eccoun||n¸ po||c|cs form |n|c¸re| per| of eccoun|s.
/s pcr our rcpor| of cvcn oe|c |or eno on cche|f of boero of ||rcc|ors
For M/s KSMN & COMPANY
Cher|crco /ccoun|en|s
||rm |c¸. |o. OO1O75|
(Praveen Kumar Verma)
|er|ncr
Vcmccrsh|p |o. 5O4o8o
(Manish Kumar)
Compeny Sccrc|ery
(A K Singhal)
||rcc|or
(Arup Roy Choudhury)
Che|rmen
||ecc: |cv |c|h|
|e|co: 29
|h
/pr||, 2O11
NTPC HYDRO LIMITED
SCHEDULES – FORMING PART OF ACCOUNT
`
As at
31.03.2011
/s e|
31.O3.2O1O
Schedule 1
CAPITAL
AUTHORISED
5OO,OOO,OOO cqu||y shercs of ` 1O/-
cech ,|rcv|ous ycer 5OO,OOO,OOO cqu||y
shercs of ` 1O/- cech)
5,000,000,000 5,OOO,OOO,OOO
ISSUED,SUBSCRIBED AND PAID-UP
113,959,5OO cqu||y shercs of ` 1O/- cech
fu||y pe|o up ,|rcv|ous ycer 1OO,799,O4O
cqu||y shercs of 1O/- cech fu||y pe|o up)
hc|o cy |hc ho|o|n¸ compeny, | ¹ | C
||m||co eno ||s nom|nccs
1,139,595,000 1,OO7,99O,4OO
Total 1,139,595,000 1,OO7,99O,4OO
Schedule 2
FIXED ASSETS `
Gross Block Depreciation Net Block
Fixed Assets /s e|
O1.O4.2O1O
/oo|||ons |couc||ons/
/o¦us|mcn|s
As at
31.03.2011
/s e|
O1.O4.2O1O
|or |hc
ycer
|couc||ons/
/o¦us|mcn|s
Upto
31.03.2011
As at
31.03.2011
/s e|
31.O3.2O1O
TANGIBLE ASSETS
Land
,|nc|uo|n¸ ocvc|opmcn| cxpcnscs)
|rccho|o 15o,14o,927 471,o33 - 156,618,560 - - - - 156,618,560 15o,14o,927
|cescho|o 14,248,o31 - ,3,28o,O8O) 17,534,711 987,293 58O,135 ,343,519) 1,910,947 15,623,764 13,2o1,338
||en| & Vech|ncry 78,825 - - 78,825 21,347 3,o3O ,431) 25,408 53,417 57,478
|urn||urc, ||x|urcs & o|hcr ofncc
cqu|pmcn|s
4,841,852 - - 4,841,852 2,O97,573 248,523 33,O8o 2,313,010 2,528,842 2,744,279
||| \| & S/¹COV |qu|pmcn|s 4,232,545 - - 4,232,545 2,329,5O3 52o,O97 89,775 2,765,825 1,466,720 1,9O3,O42
||cc|r|ce| lns|e||e||ons 82,5o9 - - 82,569 12,o3O 4,185 2,538 14,277 68,292 o9,939
Cep||e| cxpcno||urc on essc|s no|
ovnco cy |hc compeny
49,53o,795 - 1,435,O84 48,101,711 - - - - 48,101,711 49,53o,795
INTANGIBLE ASSETS
Sof|verc 57O,59o - - 570,596 1O9,285 19O,199 - 299,484 271,112 4o1,311
Total 229,738,74O 471,o33 ,1,85O,99o) 232,061,369 5,557,o31 1,552,7o9 ,218,551) 7,328,951 224,732,418 224,181,1O9
|rcv|ous /cer 81,494,99o 151,3Oo,738 3,Oo2,994 229,738,740 4,2oo,O17 1,3oO,851 o9,237 5,557,631 224,181,109 77,228,979
Current Year |rcv|ous /cer
Depreciation for the year is allocated as given below:-
Cher¸co |o |ron| & |oss /ccoun| 1,552,769 1,3oO,851
¹rensfcrrco |o |xpcno||urc |ur|n¸ Cons|ruc||on,Schcou|c 15) 1,552,769 1,3oO,851
Total - -
Schedule 3
CAPITAL WORK-IN-PROGRESS
/s e|
O1.O4.2O1O
/oo|||ons |couc||ons &
/o¦us|mcn|s
Cep||e||sco As at
31.03.2011
|oeos, br|o¸c, Cu|vcr|s & |c||peos 14,O45,322 12,994,529 - - 27,039,851
|ems,Sp|||veys 174,3oo,OOO 34,152,9oO - - 208,518,960
|xpcno||urc |overos o|vcrs|on of forcs| |eno 81,52O,537 - - - 81,520,537
|xpcno||urc our|n¸ cons|ruc||on 3oO,4oo,558 oO,1o2,1O8 - 420,628,666
Survcy,lnvcs||¸e||on ,Consu||ency eno Supcrv|s|on Cher¸cs 52,9oO,523 237,45o - - 53,197,979
Total o83,358,94O 1O7,547,O53 - - 790,905,993
|rcv|ous /cer o11,329,7O3 117,222,o38 ,3,O58,O19) 48,251,42O 683,358,940
35
th
Annual Report 2010-2011 1o4
Schedule 4
CONSTRUCTION STORES AND ADVANCES `
As at /s e|
31.03.2011 31.O3.2O1O
ADVANCES FOR CAPITAL EXPENDITURE
0nsccurco, cons|ocrco ¸ooo - -
Covcrco cy cen| ¸ueren|ccs 16,393,679 1o,431,o85
O|hcrs 55,274,308 55,5o5,o44
Total 71,667,987 71,997,329
Schedule 5
CASH & BANK BALANCES
be|enccs v||h schcou|co cen|s
Currcn| /ccoun|s 2,036,045 3,oOO,243
¹crm |cpos|| /ccoun|* 50,000 5O,OOO
Total 2,086,045 3,o5O,243
*,lnc|uocs ` 5OOOO ,|rcv|ous /cer : 5OOOO) ocpos||co v||h s|e|c |ex eu|hor|||cs
Schedule 6
LOANS AND ADVANCES
ADVANCES
O|hcrs
0nsccurco,cons|ocrco ¸ooo 149,194 4,1o3,525
|||OSl¹S
O|hcrs 100,000 1O4,4OO
/|v/|C|S
/ovencc ¹ex & ¹ex |couc|co e|
Sourcc
63,055 14O,OO1
Total 312,249 4,4O7,92o
Schedule 7
OTHER CURRENT ASSETS
ln|crcs| /ccruco ,on ¹crm |cpos||s) 10,311 14489
Total 10,311 14489
Schedule 8
CURRENT LIABILITIES
Sunory Crco||ors
|or cep||e| cxpcno||urc
O|hcr |hen m|cro & sme|| cn|crpr|scs 11,796,603 19,233,335
|or ¸ooos eno scrv|ccs
O|hcr |hen m|cro & sme|| cn|crpr|scs 4,061,432 5,O32,O73
|cpos||s,|c|cn||on Voncy from Con|rec-
|ors eno O|hcrs
5,758,246 2,o95,Oo1
|css: lnvcs|mcn|s hc|o es sccur||y - -
21,616,281 2o,9oO,4o9
/moun| peyec|c |o |¹|C ||o. 3,792,166 1O,OO4,8oo
25,408,447 3o,9o5,335
O|hcr ||ec|||||cs 1,034,177 o,215,322
Total 26,442,624 43,18O,o57
Schedule 9
PROVISIONS
|rov|s|on for |mp|oycc bcncn|s
Opcn|n¸ be|encc 265,671 2O91825
/oo|||on our|n¸ |hc ycer - -
|css : 0sco |ur|n¸ ¹hc /cer 261,600 182o154
Total 4,071 2o5o71
Schedule 10
Other Income
lncomc from o|hcr sourcc
ln|crcs| /ccruco on |cpos|| ,Gross) 4,839 4775
,¹ex ocouc|co e| sourcc : Currcn| /cer -
|l|, |rcv|ous /cer - |l|)
V|scc||encous lncomc 83,477 7437
||qu|oe|co |eme¸cs |ccovcrco - 21528
88,316 3374O
|css: ¹rensfcrrco |o |xpcno||urc |ur|n¸
Cons|ruc||on-Sch.|o.15
88,316 3374O
Total - -
Schedule 11
EMPLOYEES’ REMUNERATION AND BENEFITS `
As at /s e|
31.03.2011 31.O3.2O1O
|mp|oyccs, rcmuncre||on eno ccncn|s
Se|er|cs, \e¸cs, bonus, /||ovenccs & bcncn|s 39,108,461 53,72o,1O7
Con|r|cu||on |o |rov|ocn| eno O|hcr |unos 3,475,157 5,O4o,215
\c|ferc |xpcnscs 1,419,877 2,155,925
44,003,495 oO,928,247
Less: ¹rensfcrrco |o |xpcno||urc |ur|n¸
Cons|ruc||on-Sch.|o.15
44,003,495 oO,928,247
Total - -
Schedule 12
ADMINISTRATION & OTHER EXPENSES `
Current Year |rcv|ous /cer
|ovcr Cher¸cs 110,040 2O8,182
\e|cr Cher¸cs 4,562 13,24O
|cn| 4,788,311 4,982,23o
|cpe|rs & Ve|n|cnencc
bu||o|n¸s 1,464,868 1,39O,O47
O|hcrs 958,717 1,234,748
lnsurencc 15,771 1O,o3O
Commun|ce||on |xpcnscs 1,723,799 783,587
|eymcn| |o /uo||ors - /uo|| |cc 88,240 99,27O
/ovcr||scmcn| & |uc||c||y 30,000 11O,OOO
¹cnocr |xpcnscs 29,651 1,1o5,O58
Sccur||y |xpcnscs 383,010 4o3,7O5
|n|cr|e|nmcn| |xpcnscs 193,906 248,952
ln|eno ¹revc|||n¸ |xpcnscs 2,279,854 2,74O,O83
|xpcnscs for ¸ucs| housc
571,934
|css:|ccovcr|cs 11,79O
560,144 7O8,187
boo|s eno |cr|oo|ce|s 15,113 21,221
|rofcss|one| cher¸cs eno consu||ency fccs 65,240 194,772
|c¸e| |xpcnscs 7,645 1,55O
||| h|rc eno o|hcr cher¸cs 559,026 531,97o
|r|n||n¸ eno S|e||oncry 27,521 2O2,49O
V|scc||encous |xpcnscs 227,380 285,913
|e|cs & ¹excs 503,500 1O9,53o
Commun||y |cvc|opmcn| |xpcnscs 52,000 -
|xpcnscs on ||r|n¸ of vch|c|c 683,242 1,318,412
14,771,540 1o,823,795
Less: ¹rensfcrrco |o |xpcno||urc |ur|n¸
Cons|ruc||on-Sch.|o.15
14,771,540 1o,823,795
Total - -
Schedule 13
FINANCE CHARGES
ben| Cher¸cs 10,041 o,211
Less: ¹rensfcrrco |o |xpcno||urc |ur|n¸
Cons|ruc||on-Sch.|o.15
10,041 o,211
Total - -
Schedule 14
PRIOR PERIOD EXPENDITURE
Expenditure
Se|ery, ve¸cs, conus, e||ovenccs & ccncn|s - ,1,591,792)
¹revc|||n¸ |xpcnscs - 148,375
|cn| (305,972) -
|cprcc|e||on 218,551 ,o4,2o2)
(87,421) ,1,5O7,o79)
Less: ¹rensfcrrco |o |xpcno||urc |ur|n¸
Cons|ruc||on-Sch.|o.15
(87,421) ,1,5O7,o79)
Total - -
35
th
Annual Report 2010-2011 1o5
Schedule 15
EXPENDITURE DURING CONSTRUCTION `
Current Year |rcv|ous /cer
A. Employees remuneration and other bene?ts
Se|er|cs, \e¸cs, /||ovenocs eno bcncn|s 39,108,461 53,72o,1O7
Con|r|cu||on |o prov|ocn| eno o|hcr funos 3,475,157 5,O4o,215
\c|ferc cxpcnscs 1,419,877 2,155,925
Total (A) 44,003,495 oO,928,247
B. Administration & Other Expenses
|ovcr 110,040 2O8,182
\e|cr Cher¸cs 4,562 13,24O
|cn| 4,788,311 4,982,23o
|cpe|r & Ve|n|cnencc
bu||o|n¸s 1,464,868 1,39O,O47
O|hcrs 958,717 1,234,748
lnsurencc 15,771 1O,o3O
Commun|ce||on |xpcnscs 1,723,799 783,587
|cmuncre||on |o /uo||ors 88,240 99,27O
/ovcr||scmcn| & |uc||c||y 30,000 11O,OOO
¹cnocr |xpcnscs 29,651 1,1o5,O58
Sccur||y |xpcnscs 383,010 4o3,7O5
|n|cr|e|nmcn| |xpcnscs 193,906 248,952
ln|eno ¹revc|||n¸ |xpcnscs 2,279,854 2,74O,O83
Gucs| |ousc |xpcnscs
571,934
|css:|ccovcr|cs 11,79O
560,144 7O8,187
boo|s & |cr|oo|ce|s 15,113 21,221
|rofcss|one| Cher¸cs eno Consu||ency |cc 65,240 194,772
|c¸e| |xpcnscs 7,645 1,55O
||| ||rc eno o|hcr cher¸cs 559,026 531,97o
|r|n||n¸ eno S|e||onery 27,521 2O2,49O
V|scc||encous |xpcnscs 227,380 285,913
|e|cs & ¹excs 503,500 1O9,53o
Commun||y |cvc|opmcn| |xpcnscs 52,000
|xpcnscs on ||r|n¸ of vch|c|c 683,242 1,318,412
Total (B) 14,771,540 1o,823,795
C. Depreciation 1,552,769 1,3oO,851
Total (C ) 1,552,769 1,3oO,851
D. Interest & Finance Charges Capitalised
ben| Cher¸cs 10,041 o,211
Total (D) 10,041 o,211
E. Fringe Bene?t Tax -
Total (E) - -
F. Prior Period Expenditure
|xpcno||urc
|cprcc|e||on (87,421) ,1,5O7,o79)
Total (F) (87,421) ,1,5O7,o79)
G. Other Income 88,316 33,74O
Total (G) 88,316 33,74O
Total (A+B+C+D+E+F-G) 60,162,108 77,577,o85
Schedule 16
NOTES ON ACCOUNT
1. |s||me|co emoun| of con|rec| rcme|n|n¸ |o cc cxccu|co on cep||e| eccoun|
eno no| prov|oco for ` 23oO.58 |ecs ,|rcv|ous ycer ` 2847.91 |ecs). _|c| of
eovenccs,.
2. ¹hc cxccu||on of |cesc e¸rccmcn| of 187.328 ecrcs |cesc ho|o |eno of ve|uc
` 175.35 |ecs ,|rcv|ous ycer 187.324 ecrcs, ve|uc ` 142.49 |ecs) |n fevour of
|hc |e|e ¹epoven |yoro |ovcr |ro¦cc| |s s|||| eve|||n¸ comp|c||on for |c¸e|
forme||||cs.
3. ||sc|osurc |c¸ero|n¸ Opcre||n¸ |cescs:
¹hc compeny's s|¸n|ncen| |ces|n¸ erren¸cmcn|s erc |n rcspcc| of opcre||n¸
|cescs of prcm|scs for rcs|ocn||e| usc of cmp|oyccs, ofnccs eno |rens|| cemps.
¹hcsc |ces|n¸ erren¸cmcn|s erc usue||y rcncvec|c on mu|ue||y e¸rcco |crms
cu| erc no| non-cencc||ec|c. |mp|oyccs' rcmuncre||on eno ccncn|s |nc|uoc
` 54,79,994 ,|rcv|ous ycer ` o5,41,281) |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-12 /om|n|s|re||on eno o|hcr cxpcnscs emoun||n¸ ` 47,88,311
,|rcv|ous ycer ` 49,82,23o).
4. /moun| peyec|c |o |¹|C ||o. ho|o|n¸ compeny hes cccn shovn ` 37,92,1oo
es per| of |hc currcn| ||ec|||||cs. ¹h|s emoun| |s peyec|c |o |¹|C ||o. on eccoun|
of nc| ce|encc of |rensec||ons up|o 31
s|
Verch 2O11.
5. |ern|n¸ |cr Sherc
¹hc c|cmcn|s cons|ocrco for ce|cu|e||on for |ern|n¸ pcr sherc ,bes|c eno
|||u|co) erc es unocr: -
Current Year |rcv|ous /cer
|c| |oss usco es numcre|or 0 O
\c|¸h|co /vcre¸c numccr of cqu||y shercs
usco es ocnom|ne|or
101267769 92o32o54
|ern|n¸ |cr Sherc ,`) ÷ bes|c - -
\c|¸h|co /vcre¸c numccr of cqu||y shercs
usco es ocnom|ne|or
101267769 92o32o54
|ern|n¸ |cr Sherc ,`) ÷ |||u|co - -
|ecc ve|uc pcr sherc ,`) 10 1O
o. be|enccs shovn unocr eovenccs eno crco||ors erc suc¦cc| |o connrme||on/
rcconc|||e||on eno conscqucn| eo¦us|mcn|, |f eny.
7. Con||n¸cn| ||ec||||y: Compeny's ||ec||||y |overos rc|mcurscmcn| of lncomc ¹ex
on ||| pcr|s emoun||n¸ |o ` 1O,12,1o7 s|eyco cy |hc |on'c|c /||eheceo ||¸h
Cour| ,|rcv|ous ycer ` 5,53,12O).
8. /|| |hc cmp|oyccs of |hc compeny erc on scconomcn| from |hc |o|o|n¸
Compeny.
9. ¹hc cmp|oyccs rcmuncre||on eno ccncn|s |nc|uocs ` 49498O8 ,|rcv|ous ycer
` 13O8374) |n rcspcc| of ¸re|u||y, |cevc cnceshmcn|, pos| rc||rcmcn| mco|ce|
ccncn|s, |rensfcr |revc|||n¸ e||ovencc on rc||rcmcn|/oce|h, |on¸ scrv|cc everos
|o cmp|oyccs, fercvc||, ¸|f|s on rc||rcmcn| eno cconom|c rchec||||e||on
schcmc |s eppor||onco cy |o|o|n¸ Compeny |.c. |¹|C ||m||co.
1O. ln |hc prcv|ous ycer, |hc Ofncc of |hc Comp|ro||cr & /uo||or Gcncre| of lno|e
cxprcssco en op|n|on |he| |hc re|cs of ocprcc|e||on no||nco cy |hc C||C she||
cc fo||ovco cy |hc ho|o|n¸ Compeny |.c |¹|C ||o. for prov|o|n¸ ocprcc|e||on
|n |hc eccoun|s |ns|ceo of |hc re|cs es pcr |hc Compen|cs /c|, 195o |n rcspcc|
of ¸cncre||n¸ essc|s. /ccoro|n¸|y, |hc Compeny rcv|sco ||s eccoun||n¸ po||c|cs
rc|e||n¸ |o cher¸|n¸ of ocprcc|e||on v.c.f 1
s|
/pr|| 2OO9 cons|ocr|n¸ |hc re|cs
eno mc|hooo|o¸y no||nco cy |hc C||C for oc|crm|ne||on of |er|ff |hrou¸h
|c¸u|e||ons, 2OO9. ln cesc of ccr|e|n essc|s, |hc Compeny hes con||nuco |o
cher¸c h|¸hcr ocprcc|e||on cesco on |cchn|ce| esscssmcn| of uscfu| ||fc of
|hosc essc|s. Conscqucn| |o |h|s chen¸c, pr|or pcr|oo ocprcc|e||on vr|||cn
cec| |s ` 1,21,O49. /s e rcsu||, |rensfcr |o |xpcno||urc |ur|n¸ Cons|ruc||on
,||C) for |hc currcn| ycer |s |ovcrco cy ` 9347O.
11. Vene¸cr|e| rcmuncre||on pe|o/peyec|c |o Ch|cf |xccu||vc Ofnccr
`
Current Year |rcv|ous /cer
Se|er|cs eno e||ovenccs 2831682 2o49o15
Con|r|cu||on |o prov|ocn| funo & o|hcr
funos |nc|uo|n¸ ¸re|u||y & ¸roup |nsurencc
254836 172O32
O|hcr ccncn|s 151759 95292
12. 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 ¨¹hc V|cro, Sme|| eno Vco|um |n|crpr|scs |cvc|opmcn|
/c|, 2OOo' es on 31.O3.2O11.
13. |rcv|ous ycer n¸urcs hevc cccn rc¸roupco / rcerren¸co vhcrcvcr ncccssery.
14. lnforme||on pursuen| |o per| lv of schcou|c vl of |hc Compen|cs /c|, 195o
35
th
Annual Report 2010-2011 1oo
BALANCE SHEET ABSTRACT AND COMPANY’S GENERAL BUSSINESS PROFILE
I. Registration Details S|e|c Cooc : O 5 5
|c¸|s|re||on |o. 0 4 O 1 O 1 | | 2 O O 2 G O l 1 1 8 O 1 3
|e|c Von|h /cer
be|encc-Shcc| oe|c 3 1 O 3 2 O 1 1
II. Capital Raised during the year (Amount in ` Thousands)
|uc||c lssuc ||¸h| |ssuc
| l | 1 3 1 o O 5
bonus lssuc |r|ve|c ||eccmcn|
| l | | l |
III. Position of Mobilization and Deployment of funds (Amount in ` Thousands)
¹o|e| ||ec||||y ¹o|e| /ssc|s
1 1 7 1 O 4 2 1 1 7 1 O 4 2
Source of Funds
|e|o-up Cep||e| Cep||e| |cpos|| /ccoun|
1 1 3 9 5 9 5 5 O O O
Sccurco |oens |cscrvcs & Surp|us
| l | | l |
|cfcrrco ¹ex ||ec||||y 0nsccurco |oens
| l | | l |
Application of Funds
|c| ||xco /ssc|s lnvcs|mcn|
1 O 8 7 3 O o | l |
|c| Currcn| /ssc|s V|sc. |xpcno||urc
- 2 4 O 3 8 | l |
/ccumu|e|co |osscs
8 1 3 2 7
IV. Performance of Company(Amount in ` Thousands)
¹urnovcr ,lnc|uo|n¸ O|hcr lncomc) ¹o|e| |xpcno||urc
| l | | l |
|oss ccforc ¹ex |oss ef|cr ¹ex
| l | | l |
|ern|n¸ pcr sherc |n ` ||v|ocno |e|c %
O . O O | l |
V. Generic Name of three Principal Product/Services of Company
,/s pcr monc|ery |crms)
|roouc| |cscr|p||on: l|cm Cooc |o.
G | | | | / ¹ l O | O F | | | C ¹ | l C l ¹ Y | /
/s pcr our rcpor| of cvcn oe|c |or eno on cche|f of boero of ||rcc|ors
For M/s KSMN & COMPANY
Cher|crco /ccoun|en|s
||rm |c¸. |o. OO1O75|
(Praveen Kumar Verma)
|er|ncr
Vcmccrsh|p |o. 5O4o8o
(Manish Kumar)
Compeny Sccrc|ery
(A K Singhal)
||rcc|or
(Arup Roy Choudhury)
Che|rmen
||ecc: |cv |c|h|
|e|co: 29
|h
/pr||, 2O11
Cash Flow Statement for the Period Ended on 31
st
March 2011
S.N. Particulars Current Period 2010-11 |rcv|ous |cr|oo 2OO9-1O
A CASH FLOW FROM OPERATING
ACTIVITIES
|c| |ron| ccforc |ex eno |r|or |cr|oo
/o¦us|mcn|
/o¦us|mcn| for:
|cprcc|e||on
Operating Pro?t before Working
Capital Changes
/o¦us|mcn| for:
¹reoc |eyec|cs eno O|hcr ||ec|||||cs (16738034) 3177o122
|oens eno /ovenccs 4145677 ,1539531)
O|hcr Currcn| /ssc|s 4178 ,4775)
(12588179) 3O23181o
Cash generated from operations
||rcc| ¹excs pe|o o3O55
Net Cash from Operating Activities-A (12588179) 3O294871
B CASH FLOW FROM INVESTING
ACTIVITIES
|urchesc of ||xco /ssc|s & C\l| &
Cons| /ovencc
(108030619) ,1334OO339)
|c| cesh usco |n lnvcs||n¸ /c||v|||cs-b (108030619) ,1334OO339)
C CASH FLOW FROM FINANCING
ACTIVITIES
|rocccos from Sherc Cep||e| |cpos||s 119104600 982284OO
Net cash ?ow from Financing
Activities-C
119104600 982284OO
Net Increase/Decrease in Cash and
Cash equivalents (A-B+C)
(1514198) ,4877Oo8)
Cash and cash equivalents
(Opening Balance)
3600243 8477311
Cash and cash equivalents
(Closing Balance)
2086045 3oOO243
/s pcr our rcpor| of cvcn oe|c |or eno on cche|f of boero of ||rcc|ors
For M/s KSMN & COMPANY
Cher|crco /ccoun|en|s
||rm |c¸. |o. OO1O75|
(Praveen Kumar Verma)
|er|ncr
Vcmccrsh|p |o. 5O4o8o
(Manish Kumar)
Compeny Sccrc|ery
(A K Singhal)
||rcc|or
(Arup Roy Choudhury)
Che|rmen
||ecc: |cv |c|h|
|e|co: 29
|h
/pr||, 2O11
AUDITORS’ REPORT
To the Members of
NTPC Hydro Limited
1 \c hevc euo||co |hc e||echco ce|encc shcc| of |¹|C |yoro ||m||co, es e|
31
s|
Verch, 2O11 eno e|so |hc pron| eno |oss eccoun| for |hc ycer cnoco on
|he| oe|c enncxco |hcrc|o. ¹hcsc nnenc|e| s|e|cmcn|s erc |hc rcspons|c||||y of
|hc Compeny's mene¸cmcn|. 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 |hc euo|||n¸ s|enoeros ¸cncre||y
ecccp|co |n lno|e. ¹hosc 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 mene¸cmcn|, es vc|| es cvelue||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||ors' |cpor|) Orocr, 2OO3 es emcnoco
cy |hc Compen|cs ,/uo||ors' |cpor|) ,/mcnomcn|) Orocr 2OO4 |ssuco cy
|hc Ccn|re| Govcrnmcn| of lno|e |n |crms of suc-sccc||on ,4/) of scc||on 227
of |hc Compen|cs /c|, 195o eno on |hc ces|s of such chcc|s of |hc coo|s
eno rccoros of |hc Compeny es vc cons|ocrco eppropoe|c eno eccoro|n¸
|o |hc |nforme||on eno cxp|ene||ons ¸|vcn |o us, vc cnc|osc |n |hc /nncxurc e
s|e|cmcn| on |hc me||crs spcc|nco |n pere¸rephs 4 eno 5 of |hc se|o Orocr.
4. |ur|hcr |o our commcn|s |n |hc /nncxurc rcfcrrco |o ecovc, vc rcpor| |he|:
,|) \c hevc oc|e|nco e|| |hc |nforme||on eno cxp|ene||ons vh|ch |o |hc ccs|
of our |nov|co¸c eno cc||cf vcrc ncccssery for |hc purposcs of our
euo||,
,||) 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 cxen||ne||on of |hosc
coo|s,
,|||) ¹hc ce|encc shcc|, pron| eno |oss eccoun| occ|| v||h cy |h|s rcpor| |s |n
e¸rccmcn| v||h |hc coo|s of eccoun|,
,|v) ln our op|n|on, |hc ce|encc shcc|, pron| eno |oss eccoun| eno cesh nov
s|e|cmcn| 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,
,v) bc|n¸ e Govcrnmcn| Compeny, pursuen| |o GS| 829,|) oe|co 17.O7.2OO3
|ssuco cy |hc 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|) ln our op|n|on eno |o |hc ccs| of our |nfo|me||on eno eccoro|n¸ |o |hc
cxp|ene||ons ¸|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 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 effe|rs of |hc
Compeny es e| 31
s|
Verch, 2O11,
,c) ln |hc cesc of |hc pron| eno |oss eccoun|, of |hc ||| |ron|/|oss for
|hc ycer cnoco on |he| oe|c, eno
,c) ln cesc of Cesh ||ov S|e|cmcn|, of |hc cesh novs for |hc ycer
cnoco on |he| oe|c.
|or | S V | & Compeny
Cher|crco /ccoun|en|s
||rm |c¸|s|re||on |o. OO1O75|
,C/ |revccn |umer vcrme)
||ecc : |cv |c|h| |er|ncr
|e|c : 29
|h
/pr||, 2O11 Vcmccrsh|p |o. 5O4o8o
Annexure referred to in paragraph 3 of our report of even date,
,|) ,e) ¹hc 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 hevc cccn phys|ce||y vcr|nco cy |hc mene¸cmcn|
oncc |n cvcry |vo ycer es pcr |hc ocnnco po||c|cs of |hc compeny
vh|ch |s rcesonec|c hev|n¸ rc¸ero |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.
35
th
Annual Report 2010-2011 1o7
,c) ln our op|n|on eno eccoro|n¸ |o |hc |nfon|ehon 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.
,||) ¹hc 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
,|||) |ur|n¸ |hc ycer |hc Compeny hes no| ¸ren|co / |e|cn eny |oens, sccurco or
unsccurco |o/from compen|cs, nrm, or o|hcr per||cs covcrco |n |hc rc¸|s|cr
me|n|e|nco unocr scc||on 3O1 of |hc Compeny /c|, 195o. ¹hcrcforc, |hc
prov|s|ons of c|eusc 4,|||) ,c), ,c), ,o), of |hc Compen|cs ,/uo||ors' |cpor|)
Orocr, 2OO3 es emcnoco cy |hc Compen|cs ,/uo||ors |cpor|) ,/mcnomcn|)
Orocr, 2OO4 erc no| epp||cec|c |o |hc Compeny.
,|v) ln our op|n|on eno eccoro|n¸ |o |hc |nforme||on eno cxp|ene||ons ¸|vcn |o
us, |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 for |hc purchesc of |nvcn|ory
eno nxco essc|s & se|c of ¸ooos. ¹hc compeny hes no| meoc eny purchesc &
se|c of ¸ooos. |ur|hcr, on |hc ces|s of our cxem|ne||on eno eccoro|n¸ |o |hc
|nforme||on eno cxp|ene||on ¸|vcn |o us, vc hevc nc||hcr comc ecross nor
hevc cccn |nformco of eny |ns|encc of me¦or vce|ncss |n |hc eforcse|o |n|crne|
con|ro| proccourcs.
,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| ncco |o cc cn|crco |n|o
|hc rc¸|s|cr me|n|e|nco unocr scc||on 3O1 of |hc Compen|cs /c|,195o.
/ccoro|n¸|y, c|eusc 4,v) ,c) of |hc orocr |s no| epp||cec|c |o |hc
Compeny.
,c) ln v|cv of c|eusc ,v) ,e) ecovc, c|eusc ,v) ,c) |s no| epp||cec|c.
,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||ons 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||) 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|||) ¹hc me|n|cnencc of |hc 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||n¸ |o |hc o|s|r|cu||on of |hc c|cc|||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, |hc Compeny hes
cccn ¸cncre||y rc¸u|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 ¹ex, Se|cs ¹ex, \ce||h ¹ex, Scrv|cc
¹ex, Cus|om |u|y, |xc|sc |u|y, Ccss eno eny o|hcr me|cr|e| s|e|u|ory
oucs epp||cec|c |o || v||h |hc eppropr|e|c eu|hor|||cs. /ccoro|n¸ |o
|hc |nforme||on eno cxp|ene||on ¸|vcn |o us, no uno|spu|co emoun|s |n
rcspcc| of |hc ecovc vcrc |n errcers, es e| 31
s|
Verch 2O11 for e pcr|oo
of morc |hen s|x mon|hs from |hc oe|c |hcy cccomc peyec|c.
,c) /ccoro|n¸ |o |nforme||on eno cxp|ene||ons ¸|vcn |o us, |hcrc erc no
oucs of lncomc ¹ex, Se|cs ¹ex, \ce||h ¹ex Cus|om |u|y, |xc|sc |u|y eno
Ccss, vh|ch hevc no| cccn ocpos||co on eccoun| of eny o|spu|c.
,x) ¹hc Compeny oocs no| hevc eny eccumu|e|co |osscs e| |hc cno of |hc
nnenc|e| ycer eno hes no| |ncurrco cesh |osscs |n |hc nnenc|e| ycer eno |n |hc
|mmco|e|c|y prccco|n¸ nnenc|e| ycer.
,x|) ¹hc Compeny o|o no| hevc eny ou|s|eno|n¸ oucs |o eny nnenc|e| |ns|||u||on,
cen|s or occcn|urc ho|ocrs our|n¸ |hc ycer.
,x||) ¹hc Compeny hes no| ¸ren|co eny |oens eno eovenccs on |hc ces|s of sccur||y
cy vey of p|co¸c of shercs, occcn|urcs eno o|hcr sccur|||cs.
,x|||) ln our op|n|on, |hc Compeny |s no| e ch|| funo or e n|oh|/mu|ue| ccncn| funo/
soc|c|y. ¹hcrcforc, |hc prov|s|ons of c|eusc 4,x|||) of |hc Compen|cs ,/uo||ors
|cpor|) Orocr, 2OO3 ,es emcnoco) erc no| epp||cec|c |o |hc Compeny.
,x|v) On |hc ces|s of cxem|ne||on of coo|s of eccoun|s eno eccoro|n¸ |o |hc
|nforme||on eno cxp|ene||on ¸|vcn |o us, |hc Compeny |s no| oce||n¸ |n or
|reo|n¸ |n shercs, sccur|||cs, occcn|urcs eno o|hcr |nvcs|mcn|s.
,xv) /ccoro|n¸ |o |hc |nforme||on eno cxp|ene||ons ¸|vcn |o us, |hc Compeny
hes no| ¸|vcn eny ¸ueren|cc for |oens |e|cn cy o|hcrs from ben|s or nnenc|e|
|ns|||u||ons.
,xv|) ¹hc Compeny hes no| |e|cn eny |crm |oen our|n¸ |hc ycer.
,xv||) ¹hc Compeny hes no| re|sco shor|-|crm ces|s or |on¸ |crm funos our|n¸ |hc
ycer.
,xv|||) /ccoro|n¸ |o |hc |nforme||on eno cxp|ene||on ¸|vcn |o us, |hc compeny hes
meoc prcfcrcn||e| e||o|mcn| of shercs |o |¹|C ||m||co, ho|o|n¸ Compeny
covcrco |n |hc rc¸|s|cr me|n|e|nco unocr Scc||on 3O1 of Compen|cs /c|, 195o.
ln our op|n|on, |hc pr|cc e| vh|ch shercs hevc cccn |ssuco |s no| prc¦uo|ce| |o
|hc |n|crcs| of |hc compeny.
,x|x) ¹hc Compeny hes no| |ssuco eny occcn|urcs, conscqucnny |hc prov|s|on of
c|eusc 4,x|x) of |hc compen|cs ,/uo||ors |cpor|) Orocr, 2OO3 ,es emcnoco)
erc no| epp||cec|c |o |hc Compeny.
,xx) ¹hc Compeny hes no| re|sco eny moncy cy puc||c |ssuc.
,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 ycer.
|or | S V | & Compeny
Cher|crco /ccoun|en|s
||rm |c¸|s|re||on |o. OO1O75|
,C/ |revccn |umer vcrme)
||ecc : |cv |c|h| |er|ncr
|e|c : 29
|h
/pr||, 2O11 Vcmccrsh|p |o. 5O4o8o
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER
SECTION 619 (4) OF THE COMPANIES ACT, 1956, ON THE ACCOUNTS OF NTPC
HYDRO LIMITED FOR THE YEAR ENDED 31 MARCH 2011.
¹hc prcpere||on of nnenc|e| s|e|cmcn|s of |¹|C |/||O |lVl¹||, |cv |c|h|, for |hc
ycer cnoco 31 Verch 2O11 |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 mene¸cmcn|
of |hc Compeny. ¹hc 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. ¹h|s |s s|e|co |o hevc cccn oonc cy |hcm v|oc |hc|r
/uo|| |cpor| oe|co 29
|h
/pr||, 2O11.
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 |¹|C |/||O |lVl¹||,
|cv |c|h| for |hc ycer cnoco 31 Verch 2O11 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: 1o
|h
Vey, 2O11
|or eno on cche|f of |hc
Comp|ro||cr & /uo||or Gcncre| of lno|e
,V.|. b|sves)
|r|nc|pe| ||rcc|or of Commcrc|e| /uo|| eno
|x-ofnc|o Vcmccr /uo|| boero-lll, |cv |c|h|
35
th
Annual Report 2010-2011 1o8
NTPC Vidyut Vyapar Nigam Limited
(A wholly owned subsidiary of NTPC Limited)
Directors’ Report
¹o
|cer Vcmccrs,
/our ||rcc|ors hevc p|cesurc |n prcscn||n¸ |hc ||n|h /nnue| |cpor| on |hc vor||n¸ of
|hc Compeny for |hc nnenc|e| ycer cnoco on 31
s|
Verch 2O11 |o¸c|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)
FY 2010-11 |/ 2OO9-1O
Total Income/Revenue 78.95 85.13
¹o|e| |xpcno||urc 33.82 42.O5
Pro?t before Tax 45.13 43.O8
|css: ¹ex 15.07 14.o9
Pro?t after tax 30.06 28.39
be|encc crou¸h| forvero 0.79 1.Oo
Pro?t available for appropriation 30.85 29.45
¹rensfcr |o ¸cncre| rcscrvc 13.00 17.OO
||v|ocno-|roposco 15.00 1O.OO
¹ex on ||v|ocno- |roposco 2.43 1.oo
Surplus carried forward 0.42 O.79
DIVIDEND
/our ||rcc|ors hevc rccommcnoco e o|v|ocno of ` 15 Crorc © ` 7.5 pcr cqu||y sherc
on |hc fecc ve|uc of fu||y pe|o-up cqu||y sherc cep||e| of ` 1O cech, for |hc nnenc|e|
ycer 2O1O-11. ¹hc o|v|ocno she|| cc pe|o ef|cr your epprove| e| |h|s /nnue| Gcncre|
mcc||n¸.
POWER TRADING-BUSINESS
ln eccoroencc v||h Ccn|re| ||cc|r|c||y |c¸u|e|ory Comm|ss|on ,C||C) no||nce||on
your Compeny |s e |reo|n¸ ||ccnscc unocr Ce|c¸ory l ,h|¸hcs| ce|c¸ory).
|ur|n¸ |hc nnenc|e| ycer unocr rcv|cv mer¸|n from |reoc of povcr ves ` 28.12 Crorc
from |reoc of o933 m||||on un||s |nc|uo|n¸ 3529 m||||on un||s |reoco unocr S\/|
erren¸cmcn|s, es comperco |o mer¸|n of ` 21.47 Crorc from |reoc of povcr of 5549
m||||on un||s |nc|uo|n¸ 2341 m||||on un||s |reoco unocr S\/| erren¸cmcn|s |n |hc
nnenc|e| ycer 2OO9-1O. ¹hc ovcre|| vo|umc of povcr |reoco cy Compeny our|n¸ |hc
nnenc|e| ycer 2O1O-11 hes |ncrcesco cy 25% ovcr |es| nnenc|e| ycer 2OO9-1O.
BUSINESS INITIATIVES
¹hc Cec|nc| hes epprovco |hc !eveher|e| |chru |e||one| So|er V|ss|on ,!||SV) on
|ovcmccr 19, 2OO9 v||h en e|m |o hevc cepec||y of 2O,OOO V\ of so|er povcr cy
2O22, v||h |mmco|e|c |er¸c| for 1OOO V\ cy 2O13 unocr |hesc l.
V|n|s|ry of |ovcr ,VO|), Govcrnmcn| of lno|e, |hrou¸h e |rcs|ocn||e| ||rcc||vc, on
|cccmccr 22, 2OO9 hes ocs|¸ne|co your compeny es |hc |ooe| /¸cncy for |hesc
l ,1OOO V\) unocr !||SV for purchesc of povcr from |hc so|er povcr pro¦cc|s
conncc|co |o ¸r|o e| 33 |v eno ecovc e| |er|ff rc¸u|e|co cy C||C eno for se|c of such
povcr cuno|co v||h povcr sourcco from |¹|C coe| povcr s|e||ons |o ||s|r|cu||on
0||||||cs unocr |hesc l ,2O1O-2O13) of !||SV.
VO| eno V|n|s|ry of |cv eno |cncvec|c |ncr¸y ,V|||) hevc nne||sco |hc
Gu|oc||ncs for sc|cc||on of |ro¦cc|s unocr V|¸re||on eno |cv |ro¦cc|s, vh|ch ves
sucscqucn||y no||nco cy V|||.
0nocr V|¸re||on |ro¦cc|s Schcmc of !||SV, 1o nos. of So|er |ovcr |cvc|opcrs
,S||s) v||h e |o|e| cepec||y of 84 V\ ,So|er |v-54 V\, So|er ¹hcrme|-3O V\) vcrc
sc|cc|co |n 3 s|e|cs v|z. |e¦es|hen, Veheresh|re eno |un¦ec for ooV\, 11V\ eno
7 V\ rcspcc||vc|y eno |ovcr |urchesc /¸rccmcn|s vcrc s|¸nco v||h |hcm on
Oc|occr 15, 2O1O eno corrcspono|n¸ |ovcr Se|c /¸rccmcn|s hevc cccn s|¸nco
v||h |hc ecovc S|e|c cuy|n¸ 0||||||cs.
¹hc 13 So|er |v |ro¦cc|s of 54 V\ cepec||y erc schcou|co for comm|ss|on|n¸ |n
Oc|occr, 2O11 eno 3 So|er ¹hcrme| |ro¦cc|s of 3O V\ cepec||y erc schcou|co for
comm|ss|on|n¸ |n |ccruery, 2O13.
0nocr |cv |ro¦cc|s Schcmc, 3O So|er |ovcr |cvc|opcrs for So|er |v |ro¦cc|s for
e |o|e| of 15O V\ eno 7 So|er |ovcr |cvc|opcrs for So|er ¹hcrme| |ro¦cc|s for e
|o|e| of 47O V\ vcrc sc|cc|co eno |c||crs of ln|cn| |ssuco on |cccmccr 11, 2O1O.
¹hc |ovcr |urchesc /¸rccmcn|s v||h 3o So|er |ovcr |cvc|opcrs for o15 V\
cepec||y ,145V\-So|er |v, 47O V\-So|er ¹hcrme|) 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| bcn¸e|, |e¦es|hen Or|sse, |un¦ec, 0||er |reocsh 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||sco v||h VO|/
V|||.
Vcc||n¸s vcrc convcnco cy VO| on /pr|| 21, 2O11 eno !unc 3, 2O11 rc¸ero|n¸
e||oce||on of cqu|ve|cn| V\ of povcr from |¹|C coe| s|e||ons for cuno||n¸ v||h
so|er povcr from V|¸re||on |ro¦cc|s eno |cv |ro¦cc|s.
¹hc ce|encc eve||ec|c cepec||y of 3O1 V\ So|er |v she|| cc |e|cn up unocr be|ch
Sccono of |hesc-l ,|.c. 2O11-12), for vh|ch sc|cc||on proccss |s cc|n¸ |e|cn up
shor||y es pcr |hc ¸u|oc||ncs of V|||.
/our Compeny hes cxcc||co |n meny nc|os |nc|uo|n¸ cxpeno|n¸ cus|omcr cesc,
sc|||n¸ cep||vc povcr, sc|||n¸ of lnocpcnocn| |ovcr |roouccrs ,l||) |ovcr, cn|cr|n¸
|n|o povcr cen||n¸ erren¸cmcn|s eno e|so sc|||n¸ un-rcqu|s|||onco surp|us povcr
from |¹|C s|e||ons. ¹hc cus|omcr cesc of |hc Compeny hes |ncrcesco |o o5 vh|ch
|nc|uoc pr|ve|c ||scoms eno e|so u||||||cs. ¹hc Compeny heo meoc s|ron¸ prcscncc
|n e|| |hc nvc rc¸|ons of lno|e.
/our Compeny hes s|er|co |reo|n¸ of povcr from l|| v|z. !|noe| |ovcr ||m||co, /oen|
|ovcr ||m||co, ¹orrcn| |ovcr ||m||co eno Cep||vc |ovcr ||en|s of Chhe|||s¸erh,
Gu¦ere| eno /nohre |reocsh. ¹h|s ncv cus|ncss |n|||e||vc hes con|r|cu|co s|¸n|ncen||y
|o |hc compeny's cus|ncss vo|umcs.
|ovcr ben||n¸ erren¸cmcn| ÷ e ncv |n|||e||vc cy |hc compeny hes rcsu||co |n no|
on|y s|ec|||z|n¸ |hc povcr mer|c| cu| e|so |ovcr|n¸ |hc mer|c| pr|cc. ¹hc cen||n¸
vo|umc of 2341 m||||on un||s |n nnenc|e| ycer 2OO9-1O hes cccn |ncrcesco |o 3529
m||||on un||s our|n¸ |hc nnenc|e| ycer 2O1O-11.
¹hc 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 2O1O-11, 2337115 V¹ of ny esh ves so|o es
comperco |o 759O5o V¹ of ny esh so|o |n |hc nnenc|e| ycer 2OO9-1O.
¹hc oomcs||c se|c of Ccnosphcrc |s cc|n¸ conouc|co |hrou¸h |-euc||on por|e| of
VS¹C ||m||co, e puc||c scc|or compeny. |ur|n¸ |hc ycer unocr rcv|cv |hc Compeny
hes so|o oOO V¹ of Ccnosphcrc es comperco |o 553 V¹ of Ccnosphcrc |n |hc
nnenc|e| ycer 2OO9-1O.
FIXED DEPOSITS
¹hc Compeny hes no| ecccp|co eny nxco ocpos|| our|n¸ |hc nnenc|e| ycer cno|n¸
31
s|
Verch 2O11.
MANAGEMENT DISCUSSION AND ANALYSIS
Vene¸cmcn| ||scuss|on eno /ne|ys|s |s cnc|osco e| /nncxurc-l.
AUDITORS’ REPORT
¹hc 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 2O1O-11.
¹hcrc |s no eovcrsc commcn|, ocscrve||on or rcscrve||on |n |hc /uo||ors' |cpor| on
|hc eccoun|s of |hc Compeny.
REVIEW OF ACCOUNTS BY THE COMPTROLLER & AUDITOR GENERAL OF INDIA
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 Vey 24, 2O11 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. / |c||cr from C&/G on |hc
eccoun|s of |hc Compeny for |hc nnenc|e| ycer 2O1O-11 |s p|ecco v||h |hc rcpor| of
S|e|u|ory /uo||ors of your Compeny.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNING AND OUTGO
¹hcrc erc no s|¸n|ncen| per||cu|ers, rc|e||n¸ |o conscrve||on of cncr¸y, |cchno|o¸y
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 nnenc|e| ycer unocr rcv|cv |hc Compeny o|o no| hevc eny forc|¸n currcncy
cern|n¸s. /n cxpcno||urc of `O.29 Crorc |n forc|¸n currcncy hes cccn |ncurrco for
|revc|||n¸ of cmp|oyccs our|n¸ |hc nnenc|e| ycer unocr rcv|cv.
PARTICULARS OF EMPLOYEES
|ur|n¸ |hc pcr|oo unocr rcv|cv |hc Compeny heo no cmp|oyccs of |hc ce|c¸ory,
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.
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 of ||rcc|ors compr|s|n¸ of Shr| /.|. S|n¸he|, Shr|
S.|. S|n¸h eno Shr| |.|. V|sre, ||rcc|ors of |hc Compeny. ¹vo mcc||n¸s of |hc /uo||
Comm|||cc vcrc hc|o our|n¸ |hc nnenc|e| ycer 2O1O-11. ¹hc scn|or-mos| ||rcc|or on
|hc /uo|| Comm|||cc Che|rco |hc mcc||n¸ eno quorum |s of |vo ||rcc|ors.
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 ||rcc|ors heo sc|cc|co such eccoun||n¸ po||c|cs eno epp||co |hcm ,||)
cons|s|cn||y eno meoc ¦uo¸mcn|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 2O1O-11 eno of |hc pron| of |hc compeny for
|he| pcr|oo,
|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 sefc¸uero|n¸ |hc essc|s of |hc compeny eno for
prcvcn||n¸ eno oc|cc||n¸ freuo eno o|hcr |rrc¸u|er|||cs,
|hc ||rcc|ors heo prcperco |hc ennue| eccoun|s on ¸o|n¸ conccrn ces|s. ,|v)
BOARD OF DIRECTORS
Shr| /rup |oy Chouohury, Che|rmen & Vene¸|n¸ ||rcc|or, |¹|C ||m||co, conscqucn|
upon nom|ne||on rccc|vco from |¹|C ||m||co, hes cccn eppo|n|co es en /oo|||one|
||rcc|or eno ocs|¸ne|co es Che|rmen of |hc Compeny v.c.f. Scp|cmccr 3, 2O1O. Shr|
|.S. Sherme, conscqucn| upon supcrennue||on from scrv|ccs of |¹|C ||m||co hes
ccesco |o cc |hc Che|rmen of |hc Compeny v.c.f. /u¸us| 31, 2O1O ,//|).
35
th
Annual Report 2010-2011 1o9
Shr| Chenoen |oy, conscqucn| upon supcrennue||on from scrv|ccs of |¹|C ||m||co
hes ccesco |o cc |hc ||rcc|or of |hc Compeny v.c.f. !u|y 31, 2O1O ,//|).
|ur|n¸ |hc nnenc|e| ycer unocr rcv|cv |hc boero of ||rcc|ors, conscqucn| upon
nom|ne||on rccc|vco from |¹|C ||m||co, heo eppo|n|co Shr| S.|. S|n¸h, ||rcc|or
,||), |¹|C eno Shr| |.|. V|sre, ||rcc|or ,Opcre||ons), |¹|C, es /oo|||one| ||rcc|ors
of |hc Compeny.
¹hc boero v|shcs |o p|ecc on rccoro ||s occp epprcc|e||on for |hc ve|uec|c scrv|ccs
rcnocrco cy Shr| |.S. Sherme eno Shr| Chenoen |oy our|n¸ |hc|r essoc|e||on v||h |hc
Compeny. Shr| /rup |oy Chouohury, Shr| S.|. S|n¸h eno Shr| |.|. V|sre ho|o ofncc
up |o |hc oe|c of |h|s /nnue| Gcncre| Vcc||n¸ cu| erc c||¸|c|c for eppo|n|mcn|. ¹hc
Compeny hes rccc|vco e rcqu|s||c no||cc |n vr|||n¸ from |¹|C ||m||co, propos|n¸
|hc|r ceno|oe|urcs for |hc ofncc of ||rcc|ors ||ec|c |o rc||rc cy ro|e||on.
ANNEXURE - I
MANAGEMENT DISCUSSION AND ANALYSIS
INDUSTRY STRUCTURE AND DEVELOPMENTS
¹hc |neocquecy of ¸cncre||on hes cherec|cr|zco |hc |ovcr Scc|or opcre||on |n lno|e.
¹hcrc |s en |nhcrcn| o|vcrs||y |n ocmeno from ver|ous S|e|cs eno |c¸|ons rcsu|||n¸ |n
pcr|oos of scesone| surp|us |n onc erce eno pcr|oo of ocnc|| |n eno|hcr.
||vcrs|||cs cc|vccn eve||ec||||y eno consump||on of povcr |ceos |o s|¸n|ncen|
po|cn||e| for |reo|n¸ eno prov|o|n¸ chcep eno rc||ec|c povcr |o consumcrs |n ocnc||
erce. ¹reo|n¸ |s csscn||e| for rcsourcc op||m|ze||on eno mcc||n¸ shor|-|crm ocmeno
cy u||||z|n¸ surp|uscs eve||ec|c. ¹hc ncco |o mcc| |hc che||cn¸cs posco cy ¸rov|n¸
ocmenos for povcr cy cuy|n¸ povcr from surp|us rc¸|ons eno supp|y|n¸ |o ocnc||
rc¸|ons ves fc|| |n |e|c n|nc||cs. ¹hc ||cc|r|c||y /c| 2OO3, cnec|co on !unc 1O, 2OO3
cnv|se¸co e mu|||-cuycr eno mu|||-sc||cr mer|c| mooc|, vhcrc|n, c|cc|r|c||y |reo|n¸ |s
e cr|||ce| c|cmcn| |n |hc ve|uc che|n |o ocvc|op e compc||||vc mer|c| for c|cc|r|c||y.
¹hc /c| rcco¸n|zcs |reo|n¸ |n povcr es e o|s||nc| cus|ncss ec||v||y.
¹hc ¸ren| of ¹reo|n¸ ||ccnsc for ln|cr-s|e|c |reo|n¸ |s ¸ovcrnco cy C||C |c¸u|e||ons,
2OO9 |nc|uo|n¸ ||s /mcnomcn| oe|co 2
no
!unc, 2O1O.
C||C hes ceppco e| e |reo|n¸ mer¸|n of 7 pe|se pcr |\h |n cesc |hc se|c pr|cc |s
cxccco|n¸ ` 3 pcr |\h eno 4 pe|se pcr |\h vhcrc se|c pr|cc |s |css |hen or cque| |o
` 3 pcr |\h for shor| |crm |reo|n¸. |ovcvcr, |rensec||ons |hrou¸h povcr svepp|n¸/
cen||n¸ erc ou| of purv|cv of |hc C||C |c¸u|e||ons for Shor| ¹crm ¹reo|n¸.
|ur|n¸ |hc |es| four ycers, 5O |reocrs hevc oc|e|nco ||ccnscs for scrv|n¸ |hc nccos
of |hc ver|ous c||cn|s, ou| of vh|ch 9 nos. of ||ccnsccs hevc cccn surrcnocrco/
cencc||co. ¹hc |reocrs erc |ssuco ||ccnsc unocr ce|c¸or|cs l, ll or lll ocpcno|n¸ on
|hc vo|umc of un||s proposco |o cc |reoco eno nc| vor|h. |ur|n¸ 2O1O-11 ou| of
|hc c|cc|r|c||y ¸cncre||on of epprox|me|c|y 81O c||||on un||s, epprox|me|c|y 54 c||||on
un||s vcrc |reoco, rcprcscn||n¸ o.o% of |reo|n¸ |o |o|e| ¸cncre||on.
S|ruc|urc of |ovcr lnous|r|cs |n lno|e*
,b||||on 0n||s)
,|) |on¸ ÷¹crm ,9O%) 728
,||) |ovcr ¹reo|n¸ ,o.o%) 54
,|||) be|enc|n¸ Ver|c| ,0l),3.4%) 28
Total 810
¹hc |reo|n¸ of |ovcr |n lno|e*
,|) b||e|cre| ¹reo|n¸ 3O
,||) b||e|cre| ||rcc| 1O
,|||) ¹hrou¸h |ovcr |xchen¸c 14
Total 54
*sourcc: C||C
STRENGTH AND WEAKNESS
/our Compeny's s|rcn¸|h ||cs |n ||s essoc|e||on v||h s|ron¸ promo|cr v|z. |¹|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 |¹|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 2O75O V\ |o 32o5O V\ cy 2O12. ¹h|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|. ¹h|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| e¸cnc|cs for cross corocr
|reo|n¸ of povcr v||h bhu|en eno |hc nooe| e¸cncy for ben¸|eocsh. Cross corocr
|reo|n¸ of povcr from bhu|en |s cxpcc|co |o commcncc from 2O13-14 v||h |hc
comm|ss|on|n¸ of ncv pro¦cc|s. ¹hc Compeny hes e|so cccn ocs|¸ne|co es nooe|
e¸cncy unocr !||SV |hesc l for cuy|n¸ povcr from so|er povcr ocvc|opcrs |n lno|e
ln eccoroencc v||h |hc prov|s|ons of Compen|cs /c|, 195o, Shr| Se||sh C. Vch|e,
||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
¹hc 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 |¹|C ||m||co, |hc Ccn|re| ||cc|r|c||y |c¸u|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.
For and on behalf of the Board of Directors
||ecc : |cv |c|h| (ARUP ROY CHOUDHURY)
|e|c : !u|y 14, 2O11 Chairman
eno sc|||n¸ |o o|s|r|cu||on u||||||cs ef|cr cuno||n¸ v||h une||oce|co cepec||y from
|¹|C povcr s|e||ons. ¹hc cus|ncss unocr |h|s sc¸mcn| |s cxpcc|co |o commcncc
from 2O11-12 onveros.
ln ||nc v||h |hc |e||one| ||cc|r|c||y |o||cy, 15% of povcr mey cc so|o ou|s|oc |on¸
|crm ||/s from |¹|C s|e||ons. /our Compeny eno |¹|C she|| s|¸n VO0 for mer|c||n¸
of such povcr.
/our Compeny |s e|so sc|||n¸ ny esh from |¹|C p|en| e| |eor|, 0ncheher eno |ehe|¸eon.
¹hc Compeny |s e|so |n |hc proccss of s|er||n¸ se|c of ny esh from |eme¸unoem,
|ere||e eno beoerpur.
RISKS AND CONCERNS
¹hc |reo|n¸ mer¸|n ceppco cy C||C for c|cc|r|c||y |reo|n¸ ||m||s rcvcnucs of |reo|n¸
compen|cs. ¹hc r|s| ¸c|s fur|hcr cnhencco ouc |o |er¸c 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¸ eno |s |e||n¸
eppropr|e|c |n|||e||vcs |o |ncrcesc ||s cus|ncss.
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. |¹|C ||m||co. ¹hc 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 |¹|C
||m||co. /n |nocpcnocn| |n|crne| euo|| |s e|so cerr|co ou| cy cxpcr|cncco nrms 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 |¹|C ||m||co. ¹hc ln|crne| /uo|| |cpor|s erc rc¸u|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|c¸ory ¨l' vh|ch e||ovs |reo|n¸ of
1OOO m||||on un||s eno ecovc cvcry ycer v||hou| eny uppcr ||m||.
¹hc oc|e||s of |hc povcr |reoco cy |hc Compeny erc es fo||ovs:
FY 2010-11 |/ 2OO9-1O
V||||on un||s
|urchesc & se|c of povcr 3404 32O8
Se|c of povcr unocr |ovcr S\/| /rren¸cmcn|s 3529 2341
Total 6933 5549
|ur|n¸ |hc nnenc|e| ycer 2O1O-11, your compeny |reoco o933 m||||on un||s of povcr,
rcprcscn||n¸ ovcr 23% of |o|e| c||e|cre| |reo|n¸ vo|umc |hrou¸h |reocrs. ¹hc ovcre||
vo|umc of povcr |reoco cy Compeny hes |ncrcesco cy 25% ovcr |es| ycer.
ln pes| |hrcc ycers your compeny hes ocvc|opco e ¸ooo cus|omcr cesc eno hes
scrvco ovcr o5 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.
/our Compeny heo p|onccrco |hc |nnove||vc erren¸cmcn| ce||co |ovcr S\/|
/rren¸cmcn|s vh|ch our|n¸ |hc nnenc|e| ycer 2O1O-11, rcsu||co |n cus|ncss of 3529
m||||on un||s es comperco |o 2341 m||||on un||s |n nnenc|e| ycer 2OO9-1O.
Financial Performance
¹hc me|n rcvcnuc of your Compeny hes cccn rce||zco cy |reo|n¸ of povcr of o933
m||||on un||s con|r|cu||n¸ |o o2% of |o|e| rcvcnuc.
` |n Crorc
FY 2010-11 |/ 2OO9-1O
Se|c of |ovcr 1549.30 1829.49
|css: |ovcr |urchesc
1534.92 14.38 181o.9o 12.53
|ovcr unocr S\/| /rren¸cmcn|s 13.73 8.94
|cce|c on povcr purchesc 30.31 35.89
Se|c of ny /sh/esh proouc|s
,bcforc O3.11.2OO9)
- 14.15
Se|c of ||y /sh eno Ccnosphcrc
58.O2 13.15
-
|css: ¹rensfcr |o ||y /sh
0||||ze||on |uno
58.O2 13.15
o|hcr lncomc 20.53 13.o2
Total 78.95 85.13
35
th
Annual Report 2010-2011 17O
|ur|n¸ |hc nnenc|e| ycer 2O1O-11, |hc Compeny heo |reoco o933 m||||on un||s es
comperco |o 5549 m||||on un||s |n nnenc|e| ycer 2OO9-1O. ln eoo|||on |o povcr |reo|n¸,
your Compeny |s e|so |reo|n¸ ny esh. |ur|n¸ |hc nnenc|e| ycer 2O1O-11, |hc Compeny
heo so|o 2337115 V¹ of ny esh es comperco |o 759O5o V¹ our|n¸ nnenc|e| ycer 2OO9-
1O. ¹hc Compeny heo e|so |reoco oOO V¹ of Ccnosphcrc our|n¸ |hc nnenc|e| ycer
unocr rcv|cv es comperco |o 553 V¹ of Ccnosphcrc our|n¸ nnenc|e| ycer 2OO9-1O.
¹hc V|n|s|ry of |nv|ronmcn| eno |orcs|, Govcrnmcn| of lno|e, |hrou¸h ||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| pro¸remmcs
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 e¸e|n ech|cvco eno me|n|e|nco.
ln v|cv of |hc ecovc no||nce||on |hc Compeny heo crce|co ny esh u||||ze||on funo eno
|rensfcrrco en emoun| of `58.O2 Crorc rccc|vco from se|c of ny esh eno ccnosphcrc
our|n¸ |hc currcn| nnenc|e| ycer es comperco |o `13.15 Crorc |rensfcrrco our|n¸ |hc
prcv|ous nnenc|e| ycer for |hc pcr|oo s|er||n¸ from |ovcmccr 3, 2OO9 ,|.c. oe|c of
no||nce||on) |o Verch 31, 2O1O.
¹hc cxpcno||urc |ncurrco on opcn ecccss cher¸cs for |hc currcn| ycer es vc|| es
prcv|ous ycer |s nc¸||¸|c|c. ¹hc ¹o|e| opcre||n¸ cxpcnscs of |hc Compeny erc es
fo||ovs:-
` |n Crorc
2010-11 2OO9-1O
Opcn ecccss cher¸cs 0.12 O.O1
Cos| of /sh//sh proouc|s - O.O5
|cce|c on povcr se|c 24.48 31.35
O|hcr opcre||n¸ cxpcnscs 8.97 1O.53
Total operating expenses 33.57 41.94
|uc |o |hc V|n|s|ry of |nv|ronmcn| eno |orcs|, Govcrnmcn| of lno|e, no||nce||on
opcre||n¸ cxpcnscs of on|y ` 2.22 Crorc rc|e||n¸ |o ny esh cus|ncss up |o |ovcmccr
2, 2OO9 ves |nc|uoco |n |hc opcre||n¸ cxpcnscs. |ovcvcr, |hc fu|| opcre||n¸
cxpcnscs of ny esh cus|ncss our|n¸ 2O1O-11 hes cccn nc||co off v||h rcvcnuc from
se|c of ny esh eno no| |nc|uoco |n opcre||n¸ cxpcnscs.
|ur|n¸ |hc nnenc|e| ycer 2O1O-11, |hc rcce|c on povcr se|c |s ` 24.48 Crorc es
comperco |o `31.35 Crorc |n |hc prcv|ous ycer.
¹hc ¹o|e| cxpcnscs |nc|uo|n¸ opcre||n¸ cxpcnscs of |hc Compeny erc es fo||ovs:-
` |n Crorc
2010-11 2OO9-1O
¹o|e| opcre||n¸ cxpcnscs 33.57 41.94
|cprcc|e||on 0.06 O.O7
ln|crcs| & ||nencc Cher¸cs 0.19 O.O4
¹o|e| |xpcnscs |nc|uo|n¸ opcre||n¸ cxpcnscs 33.82 42.O5
¹hc 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 `o Crorc es on 31.3.2O11.
` |n Crorc
2010-11 2OO9-1O
|ron| ccforc |ex 45.13 43.O8
|rov|s|on for currcn| eno ocfcrrco |ex 15.07 14.o9
Net pro?t after tax 30.06 28.39
|ur|n¸ |hc nnenc|e| ycer unocr rcv|cv cvcn ef|cr |rensfcrr|n¸ cn||rc emoun| rccc|vco
from |reoc of ny esh eno ccnosphcrc |o ny esh u||||ze||on funo |hc Compeny hes
cernco |hc nc| pron| ef|cr |ex of `3O.Oo Crorc es comperco |o `28.39 Crorc cernco
|n nnenc|e| ycer 2OO9-1O.
Dividend
/our ||rcc|ors hevc rccommcnoco e o|v|ocno of `15 Crorc © ` 7.5 pcr cqu||y sherc
on |hc fecc ve|uc of fu||y pe|o-up cqu||y sherc cep||e| of ` 1O/- cech, for |hc nnenc|e|
ycer 2O1O-11. ¹hc o|v|ocno she|| cc pe|o ef|cr your epprove| e| |h|s /nnue| Gcncre|
mcc||n¸.
Reserves & Surplus
|ur|n¸ |hc nnenc|e| ycer 2O1O-11 e sum of `13 Crorc hevc cccn eooco |o Gcncre|
|cscrvc.
Current Assets, Loans and Advances
¹hc currcn| essc|s, |oens eno eovenccs e| |hc cno of |hc nnenc|e| ycer 2O1O-11 vcrc
`2o9.73 Crorc es comperco |o ` 2O9.o3 Crorc |n nnenc|e| ycer 2OO9-1O rc¸|s|cr|n¸ en
|ncrcesc of 29%.
` |n Crorc
31.03.2011 31.O3.2O1O
lnvcn|or|cs 0.02 O.Oo
Sunory |cc|ors 117.55 93.O7
Cesh eno ben| ce|enccs 144.71 112.22
O|hcr Currcn| essc|s 3.21 1.82
|oens eno /ovenccs 4.24 2.4o
¹o|e| Currcn| /ssc|s, |oens eno /ovenccs 269.73 2O9.o3
¹hc |ncrcesc ves me|n|y on eccoun| of |ncrcesc |n Sunory |cc|ors eno cesh eno
cen| ce|encc. |ur|n¸ |hc nnenc|e| ycer unocr rcv|cv Sunory |cc|ors hes |ncrcesco
|o ` 117.55 Crorc from ` 93.O7 Crorc. ¹hc me¦or emoun| of occ|ors hes nov cccn
rccovcrco from ver|ous cuycrs eno ce|encc emoun| vou|o cc rce||zco soon. ¹hc
Cesh eno ben| be|encc hes |ncrcesco |o ` 144.71 Crorc from ` 112.22 Crorc ouc |o
|ncrcesc |n C|¹|s/|||s.
Current Liabilities and Provisions
|ur|n¸ |hc nnenc|e| ycer 2O1O-11 Currcn| ||ec|||||cs hevc occrcesco |o ` 84.57 Crorc
es comperco |o ` 91.23 Crorc |n |hc nnenc|e| ycer 2OO9-1O, me|n|y on eccoun| of
occrcesc |n sunory crco||ors for povcr purchesc.
` |n Crorc
31.03.2011 31.O3.2O1O
||ec|||||cs 84.57 91.23
|rov|s|ons 17.56 11.77
¹o|e| ||ec|||||cs eno |rov|s|ons 102.13 1O3.OO
¹hc prov|s|ons for |hc nnenc|e| ycer unocr rcv|cv hevc |ncrcesco |o ` 17.5o Crorc es
comperco |o ` 11.77 Crorc |n prcv|ous nnenc|e| ycer, me|n|y on eccoun| of |ncrcesc
|n proposco nne| o|v|ocno eno |ex |hcrcon.
Cash Flow Statement ` |n Crorc
2010-11 2OO9-1O
Opcn|n¸ Cesh eno cesh cqu|ve|cn|s 112.22 121.o5
|c| cesh from opcre||n¸ ec||v|||cs 38.79 ,8.5o)
|c| cesh usco |n |nvcs||n¸ ec||v|||cs 5.36 8.49
|c| cesh nov from nnenc|n¸ ec||v|||cs (11.66) ,9.3o)
|c| Chen¸c |n Cesh eno cesh cqu|ve|cn|s 32.49 ,9.43)
C|os|n¸ cesh eno cesh cqu|ve|cn|s 144.71 112.22
¹hc c|os|n¸ cesh eno cesh cqu|ve|cn| for |hc nnenc|e| ycer cnoco Verch 31, 2O11
hes |ncrcesco 1.29 ||mcs from ` 112.22 Crorc |n |hc prcv|ous ycer |o `144.71 Crorc
|n |hc currcn| ycer.
Financial Indicators
¹hc ver|ous pcrformencc |no|ce|ors for |hc nnenc|e| ycer 2O1O-11 es comperco |o
nnenc|e| ycer 2OO9-1O erc es unocr: -
` |n Crorc
Description 2010-11 2OO9-1O
/ |) Cep||e| cmp|oyco 108.91 9o.28
||) |c| vor|h 108.91 9o.28
B |) |c|urn on Cep||e| |mp|oyco ,|b¹/C|) 41.44% 44.74%
||) |c|urn on nc| vor|h ,|/¹/|\) 27.60% 29.49%
C ||v|ocno es % of |qu||y Cep||e| ,ces|c/evcre¸c) 75 5O
| |ern|n¸ pcr sherc |n ` ,||S) 15.03 14.2O
¹hc cep||e| cmp|oyco es vc|| es nc| vor|h hes |ncrcesco ouc |o eoo|||on of pron|
cernco our|n¸ |hc nnenc|e| ycer 2O1O-11. ¹hc ||S of |hc Compeny hes |ncrcesco
ouc |o |ncrcesc |n pron|ec||||y. ¹hc |c|urn on Cep||e| |mp|oyco eno |c|urn on |c|
\or|h hes rcoucco ccceusc of |hc |ncrcesc |n cesc n¸urcs of cep||e| cmp|oyco eno
nc| vor|h erc no| |n propor||on |o en |ncrcesc |n rcvcnuc from |reo|n¸ of povcr
eno |n|crcs| from |nvcs|mcn| of surp|us funos eno |n |hc ycer 2OO9-1O |hc rcvcnuc
|nc|uoco |hc rccc|p| from se|c of ny esh ,` 12.O7 Crorc |b¹ eno ` 7.97 Crorc |/¹)
up |o |ovcmccr 2, 2OO9
Human Resources
/s on 31
s|
Verch 2O11, |hcrc vcrc 53 cmp|oyccs pos|co on scconomcn| ces|s from
ho|o|n¸ compeny v|z. |¹|C ||m||co. ¹o ech|cvc |hc emc|||ous ¸rov|h |er¸c|s, |hc
compeny hes orevn profcss|one| menpovcr from |¹|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 |hrou¸h menoe|ory 7 men oeys
of |re|n|n¸ cvcry ycer.
CAUTIONARY STATEMENT
S|e|cmcn|s |n |hc Vene¸cmcn| ||scuss|on eno /ne|ys|s ocscr|ccs |hc Compeny's
oc¦cc||vcs, pro¦cc||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 rc¸u|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, chen¸cs |n Govcrnmcn| rc¸u|e||ons & po||c|cs, |ex |evs eno o|hcr s|e|u|cs
eno |nc|ocn|e| fec|ors.
For and on behalf of the Board of Directors
||ecc : |cv |c|h| (ARUP ROY CHOUDHURY)
|e|c : !u|y 14, 2O11 Chairman
35
th
Annual Report 2010-2011 171
NTPC VIDYUT VYAPAR NIGAM LIMITED
ACCOUNTING POLICIES
1. BASIS OF PREPARATION
¹hc 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
¹hc 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. /||hou¸h 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 rcco¸n|zco |n |hc pcr|oo |n vh|ch |hc rcsu||s erc
crys|e|||zco.
3. FIXED ASSETS
3.1. ||xco /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. FOREIGN CURRENCY TRANSACTIONS
4.1. |orc|¸n currcncy |rensec||ons erc |n|||e||y rccoroco e| |hc re|cs of
cxchen¸c ru||n¸ e| |hc oe|c of |rensec||on.
4.2. /| |hc ce|encc shcc| oe|c, forc|¸n currcncy monc|ery ||cms erc
rcpor|co us|n¸ |hc c|os|n¸ re|c.
5. INVENTORIES
5.1. lnvcn|or|cs erc ve|uco e| |hc |ovcr of cos|, oc|crm|nco on vc|¸h|co
evcre¸c ces|s, eno nc| rce||zec|c ve|uc.
5.2. ¹hc 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.
6. PROFIT AND LOSS ACCOUNT
6.1. INCOME RECOGNITION
o.1.1. Se|c of cncr¸y erc eccoun|co for cesco on re|cs e¸rcco v||h |hc
cus|omcrs.
o.1.2. Se|c of ny esh/ esh proouc|s erc eccoun|co for cesco on re|cs e¸rcco
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.
o.1.3. ¹hc surcher¸c on |e|c peymcn|/ovcrouc sunory occ|ors for se|c of
cncr¸y |s rcco¸n|zco vhcn no s|¸n|ncen| unccr|e|n|y es |o mcesurec||||y
or co||cc|ec||||y cx|s|s.
6.2. EXPENDITURE
o.2.1. |cprcc|e||on |s cher¸co 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 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
o.2.2. |cprcc|e||on on eoo|||ons |o/ ocouc||ons from nxco essc|s our|n¸ |hc
ycer |s cher¸co 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|.
o.2.3. /ssc|s cos||n¸ up |o ` 5OOO/- erc fu||y ocprcc|e|co |n |hc ycer of
ecqu|s|||on.
o.2.4. Cos| of sof|verc rcco¸n|zco es |n|en¸|c|c essc|, |s emor||zco on s|re|¸h|
||nc mc|hoo ovcr e pcr|oo of |c¸e| r|¸h| |o usc or 3 ycers, vh|chcvcr |s
cer||cr.
o.2.5. |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 cher¸co |o
rcvcnuc |n |hc ycer |ncurrco.
o.2.o. |rcpe|o cxpcnscs eno pr|or pcr|oo cxpcnscs/|ncomc of ||cms of
`1,OO,OOO/- eno cc|ov erc cher¸co |o ne|ure| hceos of eccoun|s.
o.2.7. ¹hc ||ec|||||cs |overos cmp|oycc ccncn|s erc esccr|e|nco eno prov|oco
ennue||y cy |hc |o|o|n¸ Compeny |.c. |¹|C ||o. on ec|uer|e| ve|ue||on
e| |hc ycer cno es pcr /ccoun||n¸ S|enoero ,/S) 15. ¹hc compeny
cher¸cs such cmp|oycc ccncn|s es eppor||onco cy |hc |o|o|n¸
Compeny.
7. 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 cher¸co |o rcvcnuc.
8. PROVISIONS AND CONTINGENT LIABILITIES
/ prov|s|on |s rcco¸n|zco 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 mene¸cmcn| 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||n¸cn| ||ec|||||cs erc o|sc|osco on |hc ces|s
of ¦uo¸mcn| of |hc mene¸cmcn|/ |nocpcnocn| cxpcr|s. ¹hcsc erc rcv|cvco e|
cech ce|encc shcc| oe|c eno erc eo¦us|co |o rcncc| |hc currcn| mene¸cmcn|
cs||me|c.
9. 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'.
BALANCE SHEET AS AT 31
st
MARCH 2011
,`)
Schcou|c |o. 31.03.2011 31.O3.2O1O
SOURCES OF FUNDS
SHAREHOLDERS’ FUNDS
Sherc Cep||e| 1 200000000 2OOOOOOOO
|cscrvcs eno Surp|us 2 889094005 7o28458o3
Sub-total (Shareholders’ funds) 1089094005 9o28458o3
FLY ASH UTILIZATION FUND 3 589596896 1Oo227o27
DEFERRED TAX LIABILITY (Net) 149151 1o1285
TOTAL 1678840052 1Oo9234775
APPLICATION OF FUNDS
FIXED ASSETS 4
Gross b|oc| 6566730 o11O71o
|css: |cprcc|e||on 3730047 31o4O13
|c| b|oc| 2836683 294o7O3
CURRENT ASSETS, LOANS AND
ADVANCES
lnvcn|or|cs 5 226025 o1129o
Sunory |cc|ors o 1175528357 93Ooo55o7
Cesh eno ben| ce|enccs 7 1447042306 11221oOO31
O|hcr Currcn| /ssc|s 8 32129710 1822o374
|oens eno /ovenccs 9 42373864 24o52547
Sub-total (Current Assets, Loans and
Advances) 2697300262 2O9o315815
LESS: CURRENT LIABILITIES AND
PROVISIONS
||ec|||||cs 1O 845700045 9123o2491
|rov|s|ons 11 175596848 117oo5252
Sub-total
(Current Liabilities and Provisions) 1021296893 1O3OO27743
|c| Currcn| /ssc|s 1676003369 1Ooo288O72
TOTAL 1678840052 1Oo9234775
|o|cs on eccoun|s 18
Schcou|cs 1 |o 18 eno eccoun||n¸ po||c|cs form en |n|c¸re| per| of eccoun|s.
|or eno on cche|f of boero of ||rcc|ors
/s pcr our rcpor| of cvcn oe|c
For Aiyar & Co.
Cher|crco /ccoun|en|s
||rm |c¸|s|re||on |O1174|
(C.Chuttani) (Nitin Mehra) (A.K.Singhal) (Arup Roy Choudhury)
|er|ncr Compeny Sccrc|ery ||rcc|or Che|rmen
V.|o.9O723
||ecc: |cv |c|h|
|e|co: 29.O4.2O11
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31
st
MARCH 2011
,`)
Schcou|c |o. Current Year |rcv|ous /cer
INCOME
Se|cs 12 281155124 35o244155
|cce|c on povcr purchesc 303136135 3589378o2
O|hcr |ncomc 13 205226941 13o15o532
Total 789518200 851338549
EXPENDITURE
Opcn ecccss cher¸cs 1220373 13OOOO
Cos| of ny esh/esh proouc|s 14 - 54ooOo
|mp|oyccs' rcmuncre||on eno ccncn|s 15 57430389 o55557Oo
/om|n|s|re||on & o|hcr cxpcnscs 1o 32299358 397O7385
|cce|c on povcr se|c 244748386 313522931
|cprcc|e||on 566034 o744oO
ln|crcs| eno nnencc cher¸cs 17 1956513 4O8oO3
Total 338221053 42O545o91
Pro?t before Tax 451297147 43O792858
|rov|s|on for :
e) Currcn| |ex 150727389 14o84282O
c) |cfcrrco |ex (12134) 25o49
Total (a+b) 150715255 14o8o84o9
Pro?t after tax 300581892 283924389
be|encc crou¸h| forvero 7961907 1Oo4o2o8
be|encc eve||ec|c for eppropr|e||on 308543799 29457Oo57
¹rensfcr |o Gcncre| |cscrvc 130000000 17OOOOOOO
||v|ocno-|roposco 150000000 1OOOOOOOO
¹ex on ||v|ocno 24333750 1ooO875O
Balance carried to Balance Sheet 4210049 79o19O7
|ern|n¸ |cr Sherc ,|qu||y shercs, fecc ve|uc ` 1O/-
cech)-bes|c eno o||u|co
15.03 14.2O
|o|cs on eccoun|s 18
Schcou|cs 1 |o 18 eno eccoun||n¸ po||c|cs form en |n|c¸re| per| of eccoun|s.
|or eno on cche|f of boero of ||rcc|ors
/s pcr our rcpor| of cvcn oe|c
For Aiyar & Co.
Cher|crco /ccoun|en|s
||rm |c¸|s|re||on |O1174|
(C.Chuttani) (Nitin Mehra) (A.K.Singhal) (Arup Roy Choudhury)
|er|ncr Compeny Sccrc|ery ||rcc|or Che|rmen
V.|o.9O723
||ecc: |cv |c|h|
|e|co: 29.O4.2O11
35
th
Annual Report 2010-2011 172
SCHEDULES FORMING PART OF ACCOUNTS
,`)
31.03.2011 31.O3.2O1O
Schedule 1
SHARE CAPITAL
AUTHORISED
2,OO,OO,OOO cqu||y shercs of ` 1O/-cech ,|rcv|ous
/cer 2,OO,OO,OOO cqu||y shercs of ` 1O/-cech) 200000000 2OOOOOOOO
ISSUED, SUBSCRIBED AND PAID UP
2,OO,OO,OOO cqu||y shercs of ` 1O/-cech fu||y pe|o-
up ,|rcv|ous ycer 2,OO,OO,OOO cqu||y shercs of
` 1O/- cech fu||y pe|o up). /|| shercs erc hc|o cy |hc
ho|o|n¸ compeny, |¹|C ||m||co eno ||s' nom|nccs.
200000000 2OOOOOOOO
Schedule 2
RESERVES AND SURPLUS
Gcncre| |cscrvc
/s pcr |es| be|encc Shcc| 754883956 58488395o
/oo: ¹rensfcr from |ron| & |oss /ccoun| 130000000 17OOOOOOO
884883956 75488395o
Surp|us |n |ron| & |oss /ccoun| 4210049 79o19O7
Total 889094005 7o28458o3
,`)
31.03.2011 31.O3.2O1O
Schedule 3
FLY ASH UTILIZATION FUND
/s pcr |es| be|encc Shcc| 106227627 -
/oo: ¹rensfcr from Se|cs ,Schcou|c 12) 580162287 1315151oO
|css: 0||||zco our|n¸ |hc ycer
Cos| of ny esh esh/esh proouc|s
,Schcou|c 14) 2205544 13554O3
|mp|oyccs' |cmuncre||on eno ccncn|s
,Schcou|c 15) 55768507 942o2o7
/om|n|s|re||on & O|hcr |xpcnscs
,Schcou|c 1o) 38818967 145O58o3
96793018 25287533
Total 589596896 1Oo227o27
Schedule 4
FIXED ASSETS ,`)
Gross Block Depreciation Net Block
/s e|
1.O4.2O1O /oo|||ons
|couc||ons/
/o¦us|mcn|s
As at
31.03.2011
/s e|
1.O4.2O1O |or |hc ycer
|couc||ons/
/o¦us|mcn|s
upto
31.03.2011
As at
31.03.2011
/s e|
31.O3.2O1O
TANGIBLE ASSETS
||en| & Vech|ncry 1195OOO - - 1195000 37842 5o7o2 - 94604 1100396 1157158
|urn||urc, nx|urcs & o|hcr
ofncc cqu|pmcn|
1373453 45oO14 - 1829467 44oo99 227125 - 673824 1155643 92o754
||| & \| mech|ncs 33O1185 - - 3301185 25Oo919 213o22 - 2720541 580644 7942oo
INTANGIBLE ASSETS
Sof|verc 241O78 - - 241078 172553 o8525 - 241078 - o8525
Total 6110716 456014 - 6566730 3164013 566034 - 3730047 2836683 2946703
|rcv|ous ycer 4291433 1843953 24o7O 6110716 25174o4 o744oO 27911 3164013 2946703 17739o9
Current Year |rc|ous /cer
Deductions/Adjustments from Gross Block includes
||spose|/|c||rcmcn| of essc|s - 2938O
/ssc|s cep||e||sco v||h rc|rospcc||vc cffcc| - ,471O)
O|hcrs - -
- 24o7O
Deductions/Adjustments from Depreciation includes
||spose|/|c||rcmcn| of essc|s - 27911
O|hcrs - -
- 27911
,`)
31.03.2011 31.O3.2O1O
Schedule 5
INVENTORIES
,ve|ue||on es pcr /ccoun||n¸ |o||cy |o.5)
Ccnosphcrc 226025 o1129o
Schedule 6
SUNDRY DEBTORS
,Cons|ocrco ¸ooo, un|css o|hcrv|sc s|e|co)
|cc|s ou|s|eno|n¸ ovcr s|x mon|hs
0nsccurco - -
O|hcr occ|s
0nsccurco 1175528357 93Ooo55o7
Total 1175528357 93Ooo55o7
Schedule 7
CASH & BANK BALANCES
be|enccs v||h schcou|co cen|s
- Currcn| /ccoun| 10630349 2o54oo8
- ¹crm |cpos|| /ccoun|* 1436411957 11195O53o3
Total 1447042306 11221oOO31
* ` 45,OOO/- ,|rcv|ous ycer ` 45,OOO/-) ocpos||co
es sccur||y v||h Se|cs ¹ex /u|hor||y
,`)
31.03.2011 31.O3.2O1O
Schedule 8
OTHER CURRENT ASSETS
ln|crcs| eccruco on ¹crm |cpos||s 32129710 1822o374
Schedule 9
LOANS AND ADVANCES
,Cons|ocrco ¸ooo, un|css o|hcrv|sc s|e|co)
/|v/|C|S
,|ccovcrec|c |n cesh or |n ||no or
for ve|uc |o cc rccc|vco)
|||Cs-opcn ecccss
0nsccurco 125000 18515O3
/ovencc lncomc/ |r|n¸c bcncn| ¹ex
eno |ex ocouc|co e| sourcc 706994457 54Oo47oo8
|css: |rov|s|on for |exe||on 689325593 53o97oo24
17668864 3o71O44
|||OSl¹S
|cpos||s v||h supp||crs eno o|hcrs 24580000 1913OOOO
Total 42373864 24o52547
35
th
Annual Report 2010-2011 173
,`)
31.03.2011 31.O3.2O1O
Schedule 10
CURRENT LIABILITIES
Sunory Crco||ors
|or ¸ooos eno scrv|ccs
O|hcr |hen V|cro eno Sme|| |n|crpr|scs 748135235 782731O49
|o|o|n¸ Compeny -|¹|C ||m||co 12540121 85O24537
|cpos||s, rc|cn||on moncy from cuycrs 41352102 21O34153
802027458 888789739
/ovenccs from cus|omcrs eno o|hcrs 40142353 2114Oo1O
O|hcr ||ec|||||cs 3530234 2432142
Total 845700045 9123o2491
Schedule 11
PROVISIONS
lncomc/ |r|n¸c bcncn| ¹ex
/s pcr |es| ce|encc shcc|
/oo|||ons our|n¸ |hc ycer 152348969 14o84282O
/moun| eo¦us|co our|n¸ |hc ycer (536976624) ,39O1338O4)
|css: Sc| off e¸e|ns| |excs pe|o 689325593 53o97oo24
- -
|roposco o|v|ocno
/s pcr |es| ce|encc shcc| 100000000 8OOOOOOO
/oo|||ons our|n¸ |hc ycer 150000000 1OOOOOOOO
/moun|s usco our|n¸ |hc ycer 100000000 8OOOOOOO
150000000 1OOOOOOOO
¹ex on proposco o|v|ocno
/s pcr |es| ce|encc shcc| 16608750 1359oOOO
/oo|||ons our|n¸ |hc ycer 24333750 1ooO875O
/moun|s pe|o our|n¸ |hc ycer 16608750 1359oOOO
24333750 1ooO875O
|mp|oycc ccncn|s
/s pcr |es| ce|encc shcc| 1056502 4O93248
/oo|||ons our|n¸ |hc ycer 320664 187oO
/moun|s rcvcrsco our|n¸ |hc ycer - 1o99131
/moun|s pe|o our|n¸ |hc ycer 114068 135o375
1263098 1O5o5O2
Total 175596848 117oo5252
,`)
Current Year |rcv|ous /cer
Schedule 12
SALES
|ovcr 15493O19OOo 18294915737
|css: |ovcr |urchesc 153491947O5 181o9o231O4
1438243O1 125292o33
|ovcr unocr svep erren¸cmcn|s 13733O823 8941914o
281155124 214711779
||y /sh 5o8474221 2oo322943
Ccnosphcrc 11o88Ooo o724593
58O1o2287 273O4753o
|css: ¹rensfcrco |o ||y /sh
0||||ze||on |uno ,Schcou|c 3)
58O1o2287 1315151oO
- 14153237o
Total 281155124 35o244155
Schedule 13
OTHER INCOME
ln|crcs| ,Gross) ,¹ex ocouc|co e| sourcc
` 83,3O,789/-, |rcv|ous ycer ` 1,1o,O2,442/-) 76304879 823O3o12
ln|crcs|/surcher¸c rccc|vco from cus|omcrs 877424 3141o8
|erncs| moncy/Sccur||y ocpos|| forfc||co 77247890 535349O9
V|scc||encous |ncomc 50796748 32o2
Ge|n on /ssc| Se|c - 581
Total 205226941 13o15o532
,`)
Current Year |rcv|ous /cer
Schedule 14
COST OF FLY ASH/ASH PRODUCTS
÷ ||y /sh 7O9787 4472O3
÷ Ccnosphcrc 1495757 14548Oo
2205544 19O2OO9
|css: ¹rensfcrrco |o ||y /sh
0||||ze||on |uno ,Schcou|c 3)
÷ ||y /sh 7O9787 2o472
÷ Ccnosphcrc 1495757 1328931
2205544 13554O3
Total - 54ooOo
Schedule 15
EMPLOYEES’ REMUNERATION AND BENEFITS
Se|er|cs, ve¸cs, conus, e||ovenccs & ccncn|s 97371114 o512585O
Con|r|cu||on |o prov|ocn| eno o|hcr funos 8364160 59OO4O4
\c|ferc cxpcnscs 7463622 3955719
113198896 74981973
|css: ¹rensfcrrco |o ||y /sh 0||||ze||on |uno
,Schcou|c 3)
55768507 942o2o7
Total 57430389 o55557Oo
Schedule 16
ADMINISTRATION & OTHER EXPENSES
|ovcr Cher¸cs 1527447 8871OO
|cn| 29084055 2o99O857
|cpe|rs & Ve|n|cnencc
÷ Ofncc 2O234O7 295o989
÷ O|hcrs 433815 1OO433
2457222 3O57422
lnsurencc 66774 -
|e|cs eno |excs 3000000 3OO5OOO
¹re|n|n¸ & rccru||mcn| cxpcnscs 17500 128OO
Commun|ce||on cxpcnscs 538457 o39O8o
¹revc|||n¸ cxpcnscs 6417511 378O22o
¹cnocr cxpcnscs 344oO95 2o994O5
|css: |ccc|p| from se|c of |cnocrs 53OOOO 28OOOO
2916095 24194O5
|eymcn| |o /uo||ors 47940 9o513
/ovcr||scmcn| eno puc||c||y 8024654 1OOOO
|n|cr|e|nmcn| cxpcnscs 1015283 45293O
bro|cre¸c & comm|ss|on 367430 22oO71
/sh u||||se||on & mer|c||n¸ cxpcnscs 3646216 8OO8339
boo|s eno pcr|oo|ce|s 15592 2o494
|rofcss|one| cher¸cs eno consu||ency fcc 7354635 3O774o8
|c¸e| cxpcnscs 1792220 o1482
||| h|rc eno o|hcr cher¸cs 174152 o2429
|r|n||n¸ eno s|e||oncry 614118 39948o
V|scc||encous cxpcnscs 2041024 1OOO14O
71118325 54213248
|css: ¹rensfcrrco |o ||y /sh 0||||ze||on |uno
,Schcou|c 3) 38818967 145O58o3
Total 32299358 397O7385
Schedule 17
INTEREST AND FINANCE CHARGES
ln|crcs| on:
Cesh crco|| 98353 7Oo72
O|hcrs 1622700 121O
1721053 71882
||nencc Cher¸cs:
ben| cher¸cs 235460 33o721
Total 1956513 4O8oO3
35
th
Annual Report 2010-2011 174
SCHEDULE 18
NOTES ON ACCOUNTS
1. be|enccs shovn unocr occ|ors, eovenccs eno crco||ors |n so fer es |hcsc hevc
no| cccn s|ncc rce||zco/o|scher¸co or eo¦us|co erc suc¦cc| |o connrme||on/
rcconc|||e||on eno conscqucn||e| eo¦us|mcn|, |f eny.
2. Se|cs eno |urchescs of cncr¸y ,|n m||||on un||s) erc rcco¸n|zco on |hc ces|s of
mon|h|y |c¸|one| |ncr¸y /ccoun|s ,||/) |ssuco cy |hc conccrnco |c¸|one|
|ovcr Comm|||cc ,||C).
3. Se|c of povcr unocr S\/| erren¸cmcn|s |s c|||co cy mer¸|n on|y |o cuycrs.
|ur|n¸ |hc ycer, rcvcnuc on eccoun| of ecovc hes cccn rcco¸n|zco for
` 13,73,3O,823/- ,prcv|ous ycer ` 8,94,19,14o/-) |n schcou|c 12. oO2 V0s
povcr supp||co cy |hc sc||crs unocr S\/| erren¸cmcn|s erc yc| |o cc
rc|urnco cec| cy |hc cuycrs.
4. ,e) ¹hc Compeny sc||s ny esh eno ccnosphcrc ¸|vcn frcc of cos| cy ||s
ho|o|n¸ compeny |¹|C ||m||co. Conscqucn| |o |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, vhcrccy |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 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. ln comp||encc of
|hc se|o no||nce||on, |hc compeny hes crce|co e ny esh u||||ze||on funo
|n ||s eccoun|s |o vh|ch |hc cn||rc se|c procccos of ny esh eno
Ccnosphcrc for |hc ycer emoun||n¸ |o ` 58,O1,o2,287/-,prcv|ous ycer
`13,15,15,1oO/-) hes cccn |rensfcrrco. ¹hc compeny u||||zco e sum of
` 9,o7,93,O18/-,prcv|ous ycer ` 2,52,87,533/-) |overos o|rcc|/|no|rcc|
cxpcnscs es oc|crm|nco eno epprovco cy |hc mene¸cmcn|. |ur|n¸
|hc ycer, |hc |no|rcc| cxpcnscs such es cmp|oycc cos|s, eom|n|s|re||on
eno o|hcr cxpcnscs emoun||n¸ |o ` 5,98,o7,837/- hevc cccn e||oce|co
|n |hc re||o of ¸ross mer¸|n on se|cs of povcr eno ny esh & ||s proouc|s
es comperco |o e||oce||on of |no|rcc| cxpcnscs cesco on numccr of
cmp|oyccs |n |hc prcv|ous ycer. |uc |o chen¸c |n |hc ces|s of
e||oce||on of |no|rcc| cxpcnscs, |hcrc |s en |ncrcesc |n |hc pron| for |hc
currcn| ycer cy `2,o1,95,422/- v||h conscqucn| cffcc| |n |hc ce|encc
of ny esh u||||ze||on funo |n |hc be|encc Shcc|. ¹hc ln|crcs| |ncomc hes
cccn cons|ocrco es en 'O|hcr lncomc' eno hcncc no| e||oce|co.
,c) Cons|ocr|n¸ |hc op|n|on of |hc |ex consu||en|s, |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. ¹hc 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 ¹ex on |hc nc| rccc|p|s er|s|n¸ on eccoun| of se|c of ny
esh eno Ccnosphcrc.
5. Se|c of |ovcr |nc|uocs compcnse||on rccc|vco of ` 1,3O,4o,4OO/-,prcv|ous
ycer ` 52,5O,59,O97/-) ouc |o |csscr orev| of povcr cy |hc cuycrs.
o. |ovcr purchesc |nc|uocs compcnse||on peymcn| of ` 1,29,33,5O4/- ,prcv|ous
ycer ` 52,49,34,oO4/-) ouc |o |csscr orev| of povcr cy |hc Compeny.
7. |mp|oyccs' rcmuncre||on eno ccncn|s |nc|uoc ` 1,48,28,333/-,prcv|ous ycer
` ,-) 8,o7,511/-) |n rcspcc| of ¸re|u||y, |cevc, pos| rc||rcmcn| mco|ce| fec||||y,
|rensfcr |revc|||n¸ e||ovencc on rc||rcmcn| / oce|h, |on¸ scrv|cc evero |o
cmp|oyccs, fercvc|| ¸|f| on rc||rcmcn| eno fem||y cconom|c rchec||||e||on
schcmc es eppor||onco cy |hc |o|o|n¸ Compeny |.c. |¹|C ||m||co on
ec|uer|e| ve|ue||on ces|s e| |hc cno of |hc ycer.
8. /|| |hc cmp|oyccs of |hc Compeny erc on scconomcn| ces|s from ||s |o|o|n¸
Compeny |.c. |¹|C ||m||co.
9. Compeny peys nxco con|r|cu||on |o prov|ocn| funo e| prcoc|crm|nco re|cs |o
e scpere|c |rus| crce|co cy |hc ho|o|n¸ compeny |.c. |¹|C ||m||co.
1O. Sc¸mcn| |nforme||on :
e) bus|ncss Sc¸mcn|s:
¹hc Compeny's pr|nc|pe| cus|ncss erc |reo|n¸ of cncr¸y eno |reo|n¸ of
ny esh/ esh proouc|s. ¹hc emoun| co||cc|co from se|c of ny esh/esh
proouc|s erc oce|| v||h es pcr /ccoun||n¸ |o||cy no. o.1.2.
c) Sc¸mcn| |cvcnuc eno |xpcnsc:
|cvcnuc o|rcc||y e||r|cu|ec|c |o |hc sc¸mcn|s |s cons|ocrco es Sc¸mcn|
|cvcnuc. |xpcnscs o|rcc||y e||r|cu|ec|c |o |hc sc¸mcn|s eno |no|rcc|
cxpcnscs e||oce|co on e rcesonec|c ces|s erc cons|ocrco es Sc¸mcn|
|xpcnscs.
c) Sc¸mcn| /ssc|s eno ||ec|||||cs:
Sc¸mcn| essc|s |nc|uoc e|| opcre||n¸ essc|s |n rcspcc||vc sc¸mcn|
compr|s|n¸ of nc| nxco essc|s eno currcn| essc|s, |oens eno eovenccs.
Sc¸mcn| ||ec|||||cs |nc|uoc opcre||n¸ ||ec|||||cs eno prov|s|ons.
,`)
Particulars
Business Segments Total
Energy Trading
Fly Ash/Ash products
trading
Current Year |rcv|ous /cer Current Year |rcv|ous /cer Current Year |rcv|ous /cer
REVENUE
Se|cs 281155124 214711779 - 14153237o 281155124 35o244155
O|hcr lncomc 127829106 5182Oo5O 1092956 2O31o89 128922062 53852339
Total 408984230 2oo532429 1092956 1435o4Oo5 410077186 41OO9o494
Segment Results 375522012 227835995 1092956 12Oo91722 376614968 348527717
0ne||oce|co
Corpore|c ln|crcs|
eno O|hcr lncomc 76304879 823O4193
0ne||oce|co
Corpore|c cxpcnscs,
|n|crcs| eno nnencc
cher¸cs 1622700 39O52
lncomc ¹excs,|c|) 150715255 14o8o84o9
Pro?t after Tax 300581892 283924389
OTHER
INFORMATION
Segment assets 1632899913 143495789o 837438458 324o4129o 2470338371 1759599192
0ne||oce|co
Corpore|c eno o|hcr
essc|s 229798574 339oo332o
Total Assets 2700136945 2O992o2518
Segment Liabilities 746376357 8422o523o 686653448 174949242 1433029805 1O17214478
0ne||oce|co
Corpore|c eno o|hcr
||ec|||||cs 178013135 1192O2177
Total Liabilities 1611042940 113o41oo55
|cprcc|e||on 566034 o744oO
|on Cesh |xpcnscs
o|hcr |hen
|cprcc|e||on
Cep||e| |xpcno||urc 456014 1847194
o) ¹hc opcre||ons of |hc Compeny erc me|n|y cerr|co ou| v||h|n |hc coun|ry
eno |hcrcforc, ¸co¸reph|ce| sc¸mcn|s erc |nepp||cec|c.
11. ||sc|osurc rc¸ero|n¸ |cescs:
|xpcnscs on opcre||n¸ |cescs of |hc prcm|scs for rcs|ocn||e| usc of |hc
cmp|oyccs emoun||n¸ |o ` 1,14,57,7O2/- ,|rcv|ous ycer ` 83,1o,O9O/-) erc
|nc|uoco |n Schcou|c 15-¨|mp|oyccs rcmuncre||on eno ccncn|s'. S|m||er|y,
|cesc peymcn|s |n rcspcc| of prcm|scs for ofnccs erc shovn |n |cn| |n
Schcou|c 1o-¨/om|n|s|re||on eno O|hcr |xpcnscs'. ¹hc s|¸n|ncen| |ces|n¸
erren¸cmcn|s for such |cescs erc cn|crco |n|o cy |hc Compeny eno ||s |o|o|n¸
Compeny |.c. |¹|C ||m||co eno |hcsc |ces|n¸ erren¸cmcn|s erc usue||y
rcncvec|c on mu|ue||y e¸rcco |crms cu| erc no| non-cencc|ec|c.
12. |ern|n¸s pcr sherc:
¹hc c|cmcn|s cons|ocrco for ce|cu|e||on of |ern|n¸ pcr sherc ,bes|c eno
|||u|co) erc es unocr:
Current Year |rcv|ous /cer
|c| |ron|/,|oss) ef|cr ¹ex usco es
numcre|or ,`) 3,00,581,892 28,39,24,389
\c|¸h|co evcre¸c numccr of cqu||y shercs
usco es ocnom|ne|or 2,00,00,000 2,OO,OO,OOO
|ern|n¸/,|oss) pcr sherc ,`) 15.03 14.2O
|ecc ve|uc pcr sherc ,`) 10 1O
13. ln comp||encc of /ccoun||n¸ S|enoero ÷22 on ¨/ccoun||n¸ for |excs on
lncomc' |ssuco cy |hc lns|||u|c of Cher|crco /ccoun|en|s of lno|e, |hc ||cm
35
th
Annual Report 2010-2011 175
v|sc oc|e||s of |cfcrrco |ex ||ec||||y ,nc|) erc es unocr:
(`)
31.03.2011 31.O3.2O1O
Deferred Tax Liability
|)
||ffcrcncc of coo| |cprcc|e||on eno
|ex |cprcc|e||on 1,49,151 1,o1,285
Less: Deferred Tax Assets
|)
|rov|s|ons ||se||ovco for ¹ex
|urposcs
NIL |l|
Deferred tax Liability (Net) 1,49,151 1,o1,285
¹hc nc| occrcesc |n ocfcrrco |ex ||ec||||y of ` 12,134/- ,prcv|ous ycer |ncrcesc
` 25,o49/-) hes cccn crco||co |o |ron| & |oss /ccoun|.
14. /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, |hcrc hes cccn no
|mpe|rmcn| |oss our|n¸ |hc ycer.
15. |eymcn| |o |hc S|e|u|ory /uo||ors , Schcou|c 1o):
(`)
Current Year |rcv|ous /cer
/uo|| |ccs 50,000 oO,OOO
¹ex /uo|| |ccs - 1O,OOO
Ccr||nce||on |ccs - 17,5OO
|c|mcurscmcn|s -Scrv|cc ¹ex ,|c|) (2060)* 9,O13
47,940 9o,513
* |c| of scrv|cc |ex prov|s|on rcvcrse| of ` 7,21O/- of prcv|ous ycer.
1o. Con||n¸cn| ||ec|||||cs:
e) C|e|ms e¸e|ns| |hc Compeny no| ec|nov|co¸co es occ|s |n rcspcc| of:
C|e|ms meoc cy |cre|e S|e|c ||cc|r|c||y boero ,|S|b) |overos cncr¸y
cher¸cs, con||n¸cn| ||ec||||y of ` 1,37,91,83o/- ,|rcv|ous ycer
` 1,37,91,83o) hes cccn cs||me|co.
c) ||spu|co lncomc ¹ex Ve||crs:
||spu|co lncomc ¹ex me||crs pcno|n¸ ccforc ver|ous /ppc||e|c
/u|hor|||cs emoun||n¸ |o ` 57,89,o28/-,|rcv|ous ycer ` 9,83,5o5/-) erc
o|spu|co cy |hc Compeny eno Con|cs|co ccforc ver|ous /ppc||e|c
/u|hor|||cs. |ovcvcr, |hc Compeny hes pe|o se|o emoun| unocr
pro|cs|.
c) O|hcrs:
Onc of |hc So|er |ovcr |cvc|opcrs hes che||cn¸co |hc cnceshmcn|/
forfc||urc of |erncs| Voncy |cpos|| eno b|o bono emoun||n¸ |o
` 7,o5,o5,OOO/- ccforc |hc |on'c|c |c|h| ||¸h Cour|.
17. Vene¸cr|e| rcmuncre||on pe|o/peyec|c |o Ch|cf |xccu||vc Ofnccr:
(`)
Current Year |rcv|ous /cer
Se|er|cs eno e||ovenccs 25,53,152 24,9O,838
Con|r|cu||on |o prov|ocn| funo & o|hcr
funos |nc|uo|n¸ ¸re|u||y & ¸roup |nsurencc 2,16,043 1,9o,343
O|hcr ccncn|s 1,56,871 1,15,3O4
||rcc|ors' fccs NIL |l|
¹hc prov|s|ons for/con|r|cu||on of ¸re|u||y, |cevc cnceshmcn| eno pos|-
rc||rcmcn| mco|ce| fec|||||cs c|c. erc esccr|e|nco on ec|uer|e| ve|ue||on cy |hc
|o|o|n¸ Compeny |.c. |¹|C ||o. eno hcncc no| esccr|e|nec|c scpere|c|y.
18. Ouen|||e||vc |nforme||on:
Current Year |rcv|ous /cer
e) ¹reo|n¸ of cncr¸y ,V0s)
|ovcr 3404 32O8
|ovcr 0nocr Svep /rren¸cmcn|s 3529 2341
c) ¹reo|n¸ of ||y /sh / Ccnosphcrc ,V¹s)
||y /sh 2337115 759O5o
Ccnosphcrc 600 553
19. |xpcno||urc |n forc|¸n currcncy ,`):
e) ¹revc||n¸ |xpcnscs 2, 92,562 |l|
2O. ||¸urcs hevc cccn rounoco off |o ncercs| rupccs.
21. |rcv|ous ycer n¸urcs hevc cccn rc¸roupco/ rcerren¸co vhcrcvcr ncccssery.
|or eno on cche|f of boero of ||rcc|ors
/s pcr our rcpor| of cvcn oe|c
For Aiyar & Co.
Cher|crco /ccoun|en|s
||rm |c¸|s|re||on |O1174|
(C.Chuttani) (Nitin Mehra) (A.K.Singhal) (Arup Roy Choudhury)
|er|ncr Compeny Sccrc|ery ||rcc|or Che|rmen
V.|o.9O723
||ecc: |cv |c|h|
|e|co: 29.O4.2O11
Information pursuant to Part IV of Schedule VI of the Companies Act, 1956
BALANCE SHEET ABSTRACT AND COMPANY’S GENERAL BUSSINESS PROFILE
I. Registration Details S|e|c Cooc : O 5 5
|c¸|s|re||on |o. 0 4 O 1 O 8 | | 2 O O 2 G O l 1 1 7 5 8 4
|e|c Von|h /cer
be|encc-Shcc| oe|c 3 1 O 3 2 O 1 1
II. Capital Raised during the year (Amount in ` Thousands)
|uc||c lssuc ||¸h| |ssuc
| l | | l |
bonus lssuc |r|ve|c ||eccmcn|
| l | | l |
III. Position of Mobilization and Deployment of funds (Amount in ` Thousands)
¹o|e| ||ec||||y ¹o|e| /ssc|s
2 7 O O 1 3 7 2 7 O O 1 3 7
Source of Funds
|e|o-up Cep||e| |cscrvcs & surp|us
2 O O O O O 8 8 9 O 9 4
||y /sh 0||||ze||on |uno Sccurco |oens
5 8 9 5 9 7 | l |
0nsccurco |oens |cfcrrco ¹ex ||ec|||||cs
| l | 1 4 9
Application of Funds
|c| ||xco /ssc|s lnvcs|mcn|
2 8 3 7 | l |
|c| Currcn| /ssc|s V|sc. |xpcno||urc
1 o 7 o O O 3 | l |
/ccumu|e|co |osscs
| l |
IV. Performance of Company (Amount in ` Thousands)
¹urnovcr ¹o|e| |xpcno||urc
7 8 9 5 1 8 3 3 8 2 2 1
|ron| ccforc ¹ex |ron| ef|cr ¹ex
4 5 1 2 9 7 3 O O 5 8 2
|ern|n¸ pcr sherc |n ` ||v|ocno |e|c %
1 5 . O 3 7 5
V. Generic Name of three Principal Product/Services of Company
,/s pcr monc|ery |crms)
|roouc| |cscr|p||on: l|cm Cooc |o.
¹|/|l|G O| ||||G/ | /
¹|/|l|G O| ||/ /S| /|| /S| b/S|| ||O|0C¹S | /
|or eno on cche|f of boero of ||rcc|ors
/s pcr our rcpor| of cvcn oe|c
For Aiyar & Co.
Cher|crco /ccoun|en|s
||rm |c¸|s|re||on |O1174|
(C.Chuttani) (Nitin Mehra) (A.K.Singhal) (Arup Roy Choudhury)
|er|ncr Compeny Sccrc|ery ||rcc|or Che|rmen
V.|o.9O723
||ecc: |cv |c|h|
|e|co: 29.O4.2O11
35
th
Annual Report 2010-2011 17o
CASH FLOW STATEMENT FOR THE YEAR ENDED 31
ST
MARCH 2011
,`)
Current Year |rcv|ous /cer
A. CASH FLOW FROM
OPERATING ACTIVITIES
Net pro?t before tax 451297147 43O792858
Adjustment for:
|cprcc|e||on 5ooO34 o744oO
ln|crcs| Cher¸cs 1o2158O
ln|crcs| |ncomc ,7o3O4879) ,823O3o12)
Ge|n on Se|c of /ssc|s - ,581)
(74117265) ,81o29733)
Operating Pro?t before
Working Capital Changes 377179882 3491o3125
Adjustment for:
¹reoc eno o|hcr rccc|vec|cs ,2448o279O) ,3O9732472)
lnvcn|or|cs 385271 1O45972
¹reoc peyec|c eno o|hcr
||ec|||||cs
,oo45585O) ,75891O31)
|oens eno eovenccs ,3723497) ,1994o5O3)
lncrcesc |n ||y /sh 0||||ze||on
|uno 483369269 1Oo227o27
168712403 ,29829o4O7)
Cash generated from
operations
545892285 5O8oo718
Direct taxes paid (158016000) ,13o53o758)
Net Cash from Operating
Activities-A 387876285 ,85o7OO4O)
B. CASH FLOW FROM INVESTING
ACTIVITIES
|urchesc of nxco essc|s ,45oO14) ,1848oo3)
||spose| of nxco essc|s - 2O5O
ln|crcs| on lnvcs|mcn|s
|ccc|vco o24O1543 98383724
lncomc ¹ex on ln|crcs| on
lnvcs|mcn|s ,833O789) ,11oO2442)
Net Cash used in Investing
Activities -B 53614740 84934oo9
C. CASH FLOW FROM
FINANCING ACTIVITIES
||v|ocno pe|o (100000000) ,8OOOOOOO)
¹ex on o|v|ocno (16608750) ,1359oOOO)
Net Cash ?ow from Financing
Activities-C
(116608750) ,9359oOOO)
Net Increase/(Decrease) in
Cash and Cash equivalents
(A+B+C) 324882275 ,94331371)
Cash and Cash equivalents
(Opening balance) * 1122160031 121o4914O2
Cash and Cash equivalents
(Closing balance)* 1447042306 11221oOO31
|O¹|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 n¸urcs hevc cccn rc¸roupco/rcerren¸co vhcrcvcr ncccssery.
*lnc|uocs ` 45OOO/- ,|rcv|ous ycer ` 45OOO/-) ocpos||co es sccur||y v||h Se|cs ¹ex
/u|hor||y.
|or eno on cche|f of boero of ||rcc|ors
/s pcr our rcpor| of cvcn oe|c
For Aiyar & Co.
Cher|crco /ccoun|en|s
||rm |c¸|s|re||on |O1174|
(C.Chuttani) (Nitin Mehra) (A.K.Singhal) (Arup Roy Choudhury)
|er|ncr Compeny Sccrc|ery ||rcc|or Che|rmen
V.|o.9O723
||ecc: |cv |c|h|
|e|co: 29.O4.2O11
AUDITORS’ REPORT
To the Members of
NTPC VIDYUT VYAPAR NIGAM LIMITED
1. \c hevc euo||co |hc e||echco be|encc Shcc| of NTPC VIDYUT VYAPAR NIGAM
LIMITED es e| 31
s|
Verch 2O11, |hc |ron| eno |oss /ccoun| eno e|so |hc Cesh
||ov S|e|cmcn| for |hc ycer cnoco on |he| oe|c enncxco |hcrc|o. ¹hcsc
nnenc|e| s|e|cmcn|s erc |hc rcspons|c||||y of |hc compeny's mene¸cmcn|. 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 /uo|||n¸ S|enoeros ¸cncre||y
ecccp|co |n lno|e. ¹hosc 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 from me|cr|e| m|ss|e|cmcn|. /n euo|| |nc|uocs cxem|n|n¸, on |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 & s|¸n|ncen|
cs||me|cs meoc cy |hc mene¸cmcn|, 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||ors' |cpor|) Orocr, 2OO3 es emcnoco
cy |hc Compen|cs ,/uo||or's |cpor|) ,/mcnomcn|) orocr, 2OO4, |ssuco cy
|hc Ccn|re| Govcrnmcn| of lno|e |n |crms of suc-scc||on ,4/) of scc||on 227
of |hc Compen|cs /c|, 195o eno on |hc ces|s of such chcqucs of |hc coo|s
eno rccoros of |hc Compeny es vc cons|ocrco eppropr|e|c eno eccoro|n¸ |o
|hc |nforme||on eno cxp|e|ne||ons ¸|vcn |o us, vc cnc|osco |n |hc enncxurc
e s|e|cmcn| on |hc me||crs spcc|nco |n |hc pere¸reph 4 eno 5 of |hc se|o
Orocr
4. |ur|hcr |o our commcn|s |n |hc enncxurc rcfcrrco |o |n pere 3 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|co¸c 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. ¹hc be|encc Shcc|, |ron| eno |oss /ccoun| eno Cesh ||ov S|e|cmcn|
oce|| v||h cy |h|s rcpor| erc |n e¸rccmcn| v||h |hc coo|s of eccoun|,
o. ln our op|n|on, |hc be|encc Shcc|, |ron| eno |oss /ccoun| eno Cesh ||ov
S|e|cmcn| 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 no. 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. 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 se|o eccoun|s rceo v||h |hc /ccoun||n¸
|o||c|cs eno |o|cs |hcrcon |n Schcou|c 18, ¸|vc |hc |nforme||on rcqu|rco
cy |hc Compen|cs /c|, 195o |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:
|. |n |hc cesc of be|encc Shcc|, of |hc s|e|c of effe|rs of |hc Compeny
es e| 31
s|
Verch, 2O11,
||. |n |hc cesc of |ron| eno |oss /ccoun|, of |hc pron| for |hc ycer
cnoco on |he| oe|c, eno
|||. |n |hc cesc of Cesh ||ov S|e|cmcn|, of |hc cesh novs for |hc ycer
cnoco on |he| oe|c.
|or /|yer & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |o. OO1174|
,C. Chu||en|)
|er|ncr
V. |o. 9O723
||ecc: |cv |c|h|
|e|co: 29
|h
/pr||, 2O11
35
th
Annual Report 2010-2011 177
ANNEXURE TO THE AUDITORS’ REPORT
S|e|cmcn| rcfcrrco |o |n pere¸reph ,3) of our rcpor| of cvcn oe|c |o |hc mcmccrs
of |¹|C vl|/0¹ v//|/| |lG/V |lVl¹|| on |hc eccoun|s for |hc ycer cnoco
31
s|
Verch 2O11.
,|) ,e) ¹hc 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) /s cxp|e|nco |o us |hc nxco essc|s hevc cccn phys|ce||y vcr|nco cy
|hc mene¸cmcn| e| rcsonec|c |n|crve|s hev|n¸ rc¸ero |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
mene¸cmcn| e| rcesonec|c |n|crve|s our|n¸ |hc ycer.
,c) ¹hc proccourcs of phys|ce| vcr|nce||on of |nvcn|ory fo||ovco cy |hc
mene¸cmcn| 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) ¹hc 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) ¹hc 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) ¹hc 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.
,|v) ln our op|n|on eno eccoro|n¸ |o |hc |nforme||on eno cxp|ene||ons ¸|vcn |o us,
|hcrc erc 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 rc¸ero |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| me¦or vce|ncss |n
|n|crne| con|ro| sys|cm.
,v) ,e) /ccoro|n¸ |o |hc |nforme||on eno cxp|ene||on ¸|vcn |o us, our|n¸ |hc
ycer unocr euo|| |hcrc hevc cccn no con|rec|s or erren¸cmcn|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.
,c) ln v|cv of c|eusc ,v) ,e) ecovc, |hc c|eusc ,v) ,c) |s no| epp||cec|c.
,v|) ¹hc 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|||) ¹hc 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) ¹hc cmp|oyccs of |vv| erc on scconomcn| ces|s from ||s ho|o|n¸ compeny
|.c. |¹|C ||o. ¹hc ho|o|n¸ compeny |s rc¸u|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 ¹ex eno Se|cs ¹ex erc cc|n¸ ocpos||co cy |hc compeny. /ccoro|n¸
|o |hc |nforme||on eno cxp|e|ne||ons ¸|vcn |o us, |hcrc erc no uno|spu|co
|rov|ocn| funo, lncomc ¹ex, Se|cs ¹ex, c|c. |n errcer es e| 31.O3.2O11 for e
pcr|oo of morc |hen s|x mon|h from |hc oe|c |hcy cccemc peyec|c.
,c) /ccoro|n¸ |o |hc |nforme||on eno cxp|e|ne||ons ¸|vcn |o us, |hcrc no ouc
of Se|cs ¹ex, lncomc ¹ex 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) ¹hc 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|co¸c of
shercs, occcn|urcs eno o|hcr sccur|||cs.
,x|||) ¹hc compeny |s no| e ch|| funo or e n|oh|/ mu|ue| ccncn| funo/ soc|c|y.
¹hcrcforc, |hc prov|s|ons of c|eusc 4 ,x|||) ,e), ,c), ,c) & ,o) of |hc Orocr erc
no| epp||cec|c |o |hc compeny.
,x|v) ¹hc 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 |s
no| epp||cec|c |o |hc compeny.
,xv) ¹hc compeny hes no| ¸|vcn eny ¸ueren|ccs for |oens |e|cn cy o|hcrs from
cen|s or nnenc|e| |ns|||u||ons.
,xv|) ¹hc compeny hevc 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|) ¹o |hc ccs| of our |nov|co¸c 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.
Cher|crco /ccoun|en|s
||rm |c¸. |o. OO1174|
,C. Chu||en|)
|er|ncr
V. |o. 9O723
||ecc: |cv |c|h|
|e|co: 29
|h
/pr||, 2O11
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER
SECTION 619 (4) OF THE COMPANIES ACT, 1956, ON THE ACCOUNTS OF NTPC
VIDYUT VYAPAR NIGAM LIMITED, NEW DELHI FOR THE YEAR ENDED, 31 MARCH,
2011
¹hc prcpere||on of nnenc|e| s|e|cmcn|s of |¹|C v|oyu| vyeper ||¸em ||m||co, |cv
|c|h|, for |hc ycer cnoco 31 Verch 2O11 |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
mene¸cmcn| of |hc Compeny. ¹hc 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. ¹h|s |s s|e|co |o hevc cccn oonc cy |hcm
v|oc |hc|r /uo|| |cpor| oe|co 29 /pr|| 2O11.
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 |¹|C v|oyu| vyeper ||¸em ||m||co, |cv |c|h| for
|hc ycer cnoco 31 Verch 2O11. ¹h|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|co¸c 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: 24
|h
Vey, 2O11
|or eno on cche|f of |hc
Comp|ro||cr & /uo||or Gcncre| of lno|e
,V. |. b|sves)
|r|nc|pe| ||rcc|or of Commcrc|e| /uo|| &
|x-ofnc|o Vcmccr /uo|| boero-lll, |cv |c|h|
35
th
Annual Report 2010-2011 178
KANTI BIJLEE UTPADAN NIGAM LIMITED
DIRECTORS’ REPORT
|cer Vcmccrs,
/our ||rcc|ors hevc p|cesurc |n prcscn||n¸ |hc ||f|h /nnue| |cpor| on |hc vor||n¸ of
|hc Compeny |o¸c|hcr v||h /uo||co /ccoun|s eno /uo||ors' |cpor| |hcrcon for ycer
cnoco on 31
s|
Verch 2O11.
/our boero epprovco |hc fo||ov|n¸ v|s|on eno V|ss|on for |hc Compeny:
VISION
¹o cccomc e vor|o c|ess eno cco fr|cno|y povcr ¸cncre||n¸ compeny con|r|cu||n¸
for |hc ocvc|opmcn| of |hc S|e|c eno |e||on.
MISSION
1. ||ey|n¸ e s|¸n|ncen| ro|c |n |hc ¸rov|h of |hc lno|en povcr scc|or.
2. Ve|n|e|n|n¸ e h|¸h s|enoero of soc|e| rcspons|c||||y.
3. |nsur|n¸ ccs| mon||or|n¸ eno me|n|cnencc prec||ccs |o ocvc|op & opcre|c
povcr p|en|s |n cos| cffcc||vc menncr.
4. |ur|ur|n¸ en cxc|||n¸ & che||cn¸|n¸ vor| cnv|ronmcn|.
5. 0pho|o|n¸ |hc pr|nc|p|cs of |rus|, corpore|c ¸ovcrnencc eno |renspercncy |n e||
espcc|s of cus|ncss.
OPERATIONAL AND COMMERCIAL PERFORMANCE
/our Compeny p|ecco orocr for |ocomo||vc for VG| unocr |&V of S|e¸c-l. Con|rec|
for |cnove||on & Voocrn|se||on of bo||cr, ¹urc|nc eno /ux|||ery |ec|e¸c ves everoco
|o bhere| |cevy ||cc|r|ce|s ||m||co. |ur|hcr, your Compeny hes everoco con|rec|s for
me¦or pec|e¸cs for S|e¸c-ll ,2×195V\) cxpens|on of |hc pro¦cc| |||c me|n p|en|, c|v||
vor|s, povcr |rensformcr pec|e¸c c|c. ¹cs| p||c hes cccn comp|c|co eno ¦oc p||c |n
|hc erce of co||cr eno ch|mncy hes s|er|co.
|ur|n¸ |hc ycer, |hc povcr s|e||on of |hc Compeny heo ¸cncre|co 319.57V0s e| |hc
eve||ec||||y fec|or of 4o.32%. ¹hc p|en| opcre|co e| en evcre¸c ||| of 33.1o % our|n¸
|hc ycer. ¹hc /ux|||ery povcr consump||on ves 14.52 % of ¸cncre||on es e¸e|ns|
14.O8 % of ¸cncre||on our|n¸ |es| ycer es sufnc|cn| coe| cou|o no| cc procurco for
shor|e¸c of funos. /our Compeny hes rcqucs|co bS|b for me||n¸ ||mc|y peymcn|
|overos se|c of cncr¸y.
/our boero hes eccoroco |n-pr|nc|p|c epprove| for |y|n¸ up |oen v||h |hc consor||um
|co cy S|e|c ben| of lno|e for occ| por||on for S|e¸c-ll of |hc pro¦cc|.
MILESTONES ACHIEVED
/our Compeny's 22O|v cus ves cher¸co ef|cr e ¸ep of 1O ycers. Coe| fcco|n¸ |hrou¸h
\e¸on ¹|pp|cr commcncco our|n¸ |hc ycer ¸|v|n¸ en eoven|e¸c ovcr menue| coe|
heno||n¸. |cs|ore||on of s|e||on |rensformcr ves oonc eno || |urc|nc crec| ves
rcpe|rco |o |mprovc vecuum from -O.87 |¸/cm
2
|o -O.92 |¸/cm
2
.
FINANCIAL REVIEW
¹hc nnenc|e| h|¸h||¸h|s of |hc Compeny for |hc ycer cnoco on 31
s|
Verch 2O11 erc es
unocr:-
,`)
Particulars FY 2010-11 FY 2009-10
|e|o-up Sherc Cep||e| 88,50,75,370 88,5O,75,37O
Sherc Cep||e| |cpos|| |cno|n¸ /||o|mcn| 2,56,15,22,337 4,38,OO,OOO
|cscrvc & Surp|us 2,98,04,80,256 1,87,49,O7,15O
Sccurco |oens 61,11,30,179 38,37,31,o37
|c| b|oc| 1,60,03,97,525 27,8O,57,o53
Cep||e| \or|-|n-|ro¸rcss 1,59,97,08,335 1,4o,87,33,115
Cons|ruc||on S|orcs & /ovenccs 4,10,41,68,904 1,41,59,18,574
Currcn| /ssc|s, |oens eno /ovenccs 7,912,39,607 29,52,O1,898
Currcn| ||ec|||||cs & |rov|s|ons 1,20,39,11,807 27,11,75,9OO
|c| Se|cs 48,58,07,317 O
O|hcr lncomc 2,48,32,980 O
|xpcno||urc, |r|or |cr|oo /o¦us|mcn|s eno ¹ex 65,64,67,059 7,5O,95O
|oss ef|cr ¹ex 14,58,26,762 7,5O,95O
|ern|n¸ |cr Sherc ,`) (1.66) ,O.13)
¹hc nnenc|e| s|e|cmcn|s eno |hc pcrformencc of |hc Compeny hevc cccn o|scussco
|n |hc Vene¸cmcn| ||scuss|on & /ne|ys|s scc||on vh|ch |s e| /nncx-1 |o |h|s |cpor|.
FIXED DEPOSITS
¹hc Compeny hes no| ecccp|co eny nxco ocpos|| our|n¸ |hc nnenc|e| ycer cno|n¸
31
s|
Verch 2O11.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNING & OUTGO
/our Compeny hes |n|||e|co e propose| for cncr¸y euo|| e| V¹|S for fur|hcr rcouc||on
|n /ux|||ery povcr consump||on. /f|cr |hc |&V of co|h |hc un||s ,2×11OV\) vou|o
cc comp|c|co, consump||on of eux|||ery povcr eno foss|| fuc| vou|o cc rcoucco.
/our Compeny hes succcssfu||y |n|rooucco S/| sys|cm |n e|| moou|cs |o ¸c| |cvcre¸c
from |nforme||on |cchno|o¸y.
|ur|n¸ |hc pcr|oo unocr rcv|cv |hc Compeny heo no cern|n¸ or ou|¸o |n forc|¸n
cxchen¸c.
INCLUSIVE GROWTH
/s e soc|e||y consc|ous or¸en|ze||on, |hc Compeny hes hc|pco pcop|c |n ncco
|hrou¸h mco|ce| cemp or¸en|zco e| |erme|| |emne|h v|||e¸c eno svce|crs vcrc
o|s|r|cu|co emon¸s| |hc schoo| ch||orcn of |erme|| |emne|h v|||e¸c.
/|| s|e|u|ory ccncn|s vcrc cx|cnoco |o con|rec| |ecour eno mco|ce| chcc|up for e||
con|rec| |ecour |hrou¸h |b0||/ Govcrnmcn| |osp||e|s ves |e|cn up. Sefc|y |re|n|n¸
ves prov|oco |o e|| |hc con|rec| |ecour.
AUDIT COMMITTEE
|ur|n¸ |hc ycer, |hc /uo|| Comm|||cc of |hc boero of ||rcc|ors heo cccn
rccons|||u|co v||h S/ Shr| /.|. S|n¸he|, |.|. V|sre, v.C. Gup|e eno |e||en |reseo,
||rcc|ors es mcmccrs of |hc Comm|||cc. ¹vo mcc||n¸s of |hc /uo|| Comm|||cc vcrc
hc|o our|n¸ |hc ycer |.c. 11.O5.2O1O eno 25.O3.2O11.
AUDITORS’ REPORT
¹hc Comp|ro||cr & /uo||or Gcncre| of lno|e |hrou¸h |c||cr oe|co 21.O7.2O1O heo
eppo|n|co V/s G|/ & /ssoc|e|cs, Cher|crco /ccoun|en|s es S|e|u|ory /uo||ors of
|hc Compeny for |hc nnenc|e| ycer 2O1O-2O11. ¹hc 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
Comp|ro||cr & /uo||or Gcncre| of lno|e ,C&/G) v|oc |c||cr oe|co 1o
|h
Vey 2O11 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 ycer cnoco 31
s|
Verch 2O11 eno es such hes no commcn|s |o me|c
unocr Scc||on o19,4) of |hc Compen|cs /c|, 195o.
/s eov|sco cy |hc ofncc of |hc C&/G, |o commcn|s of C&/G on |hc eccoun|s
of |hc Compeny for |hc ycer 2O1O-2O11 erc cc|n¸ p|ecco v||h |hc rcpor| of |hc
S|e|u|ory /uo||ors.
PARTICULARS OF EMPLOYEES
¹hcrc cc|n¸ no cmp|oycc |n |hc Compeny v||h cern|n¸ ovcr ` oO,OO,OOO/- |n
e¸¸rc¸e|c |f cmp|oyco |hrou¸hou| |hc ycer or ` 5,OO,OOO/- pcr mon|h |n e¸¸rc¸e|c,
|f cmp|oyco for per| of |hc ycer, |hc per||cu|ers of cmp|oyccs es prcscr|cco 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 no| rcqu|rco |o cc furn|shco.
DIRECTORS’ RESPONSIBILITY STATEMENT
|ursuen| |o Scc||on 217,2//) of |hc Compen|cs /c|, 195o, your ||rcc|ors connrm |he|:
|) |n |hc prcpere||on of |hc ennue| eccoun|s for |hc ||nenc|e| /cer cno|n¸ on 31
s|

Verch 2O11, |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,
||) |hc ||rcc|ors heo sc|cc|co such eccoun||n¸ po||c|cs eno epp||co |hcm cons|s|cn||y
eno meoc ¦uo¸mcn|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| |hc cno of ||nenc|e|
/cer 2O1O-2O11 eno of |hc |oss of |hc compeny for |hc se|o pcr|oo,
|||) |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 sefc¸uero|n¸ |hc essc|s of |hc compeny eno for prcvcn||n¸ eno
oc|cc||n¸ freuo eno o|hcr |rrc¸u|er|||cs, eno
|v) |hc ||rcc|ors heo prcperco |hc ennue| eccoun|s for |hc ||nenc|e| /cer cno|n¸ on
31
s|
Verch 2O11, on ¸o|n¸ conccrn ces|s.
BOARD OF DIRECTORS
Shr| |.S. Sherme ccesco |o cc |hc Che|rmen of |hc Compeny v||h cffcc| from /u¸us|
31, 2O1O on e||e|n|n¸ |hc e¸c of supcrennue||on. Shr| /rup |oy Chouohury, CV|,
|¹|C |oo| ovcr es |hc Che|rmen of |hc Compeny v||h cffcc| from Scp|cmccr 29,
2O1O.
Shr| |.C. Shr|ves|ev ccesco |o cc |hc ||rcc|or v.c.f. !unc 3O, 2O1O conscqucn| upon
e||e|n|n¸ |hc e¸c of supcrennue||on. Shr| |.|. Sherme eno Shr| v|vc| |umer S|n¸h
ccesco |o cc |hc ||rcc|or v.c.f. !u|y 27, 2O1O.
Shr| G.!. |cshpenoc ves eppo|n|co es |hc ||rcc|or of |hc Compeny v||h cffcc| from
!u|y 27, 2O1O eno hc ccesco |o cc |hc ||rcc|or of |hc Compeny v.c.f. |cccmccr
24, 2O1O.
Shr| v.C. Gup|e, Vcmccr ,||nencc & |cvcnuc), bS|b eno Shr| |e||en |reseo, Vcmccr
,Gcncre||on), bS|b vcrc eppo|n|co es |hc ||rcc|or of |hc Compeny v||h cffcc| from
!u|y 27, 2O1O eno /u¸us| 28, 2O1O rcspcc||vc|y. Shr| 0.|. |en|, |c¸|one| |xccu||vc
||rcc|or ,||-|O-l), |¹|C ves eppo|n|co es |hc ||rcc|or v.c.f. |cccmccr 24, 2O1O.
¹hc boero v|shcs |o p|ecc on rccoro ||s occp epprcc|e||on for |hc ve|uec|c scrv|ccs
rcnocrco cy S/ Shr| |.S. Sherme, |.C. Shr|ves|ev, |.|. Sherme, v|vc| |umer S|n¸h eno
G.!. |cshpenoc our|n¸ |hc|r essoc|e||on v||h your Compeny.
/s pcr |hc prov|s|ons of |hc Compen|cs /c|, 195o, Shr| |.|. V|sre eno Shr| v.C.
Gup|e, ||rcc|ors she|| rc||rc cy ro|e||on e| |hc cnsu|n¸ /nnue| Gcncre| Vcc||n¸ eno
cc|n¸ c||¸|c|c, offcrs |hcmsc|vcs for rc-eppo|n|mcn|.
ACKNOWLEDGEMENT
/our ||rcc|ors ec|nov|co¸c v||h occp scnsc of epprcc|e||on for 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
||cc|r|c||y boero, ||enn|n¸ Comm|ss|on, Ccn|re| ||cc|r|c||y |c¸u|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. |¹|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|.
||ecc: |cv |c|h|
|e|co: !u|y O9, 2O11
|or eno on cche|f of |hc boero of ||rcc|ors
,/rup |oy Chouohury)
Che|rmen

35
th
Annual Report 2010-2011 179
Annex-1 to the Directors’ Report
MANAGEMENT DISCUSSION AND ANALYSIS
INDUSTRY SECTOR AND DEVELOPMENTS
||cc|r|c||y |s en csscn||e| rcqu|rcmcn| for e|| fecc|s of our ||fc. l| hes cccn rcco¸n|zco
es e ces|c humen ncco. l| |s e cr|||ce| |nfres|ruc|urc on vh|ch |hc soc|o-cconom|c
ocvc|opmcn| of |hc coun|ry ocpcnos.
|cco¸n|z|n¸ |he| c|cc|r|c||y |s onc of |hc |cy or|vcrs for rep|o cconom|c ¸rov|h eno
povcr|y e||cv|e||on, |hc ne||on hes sc| ||sc|f |hc |er¸c| of prov|o|n¸ ecccss |o e||
houscho|os |n ncx| nvc ycers. /s pcr Ccnsus 2OO1, ecou| 44% of |hc houscho|os oo
no| hevc ecccss |o c|cc|r|c||y. |cncc mcc||n¸ |hc |er¸c| of prov|o|n¸ un|vcrse| ecccss
|s e oeun||n¸ |es| rcqu|r|n¸ s|¸n|ncen| eoo|||on |o ¸cncre||on cepec||y eno cxpens|on
of |hc |rensm|ss|on eno o|s|r|cu||on nc|vor|.
lno|en |ovcr scc|or |s v||ncss|n¸ me¦or chen¸cs. Grov|h of |ovcr Scc|or |n lno|e
s|ncc ||s lnocpcnocncc hes cccn no|cvor|hy. |ovcvcr, |hc ocmeno for povcr hes
cccn ou|s|r|pp|n¸ |hc ¸rov|h of eve||ec||||y. Sucs|en||e| pce| eno cncr¸y shor|e¸cs
prcve|| |n |hc coun|ry. ¹h|s |s ouc |o |neocquec|cs |n ¸cncre||on, |rensm|ss|on &
o|s|r|cu||on es vc|| es |ncfnc|cn| usc of c|cc|r|c||y. vcry h|¸h |cvc| of |cchn|ce| eno
commcrc|e| |osscs eno |ec| of commcrc|e| epproech |n mene¸cmcn| of u||||||cs hes
|co |o unsus|e|nec|c nnenc|e| opcre||ons. Cross-sucs|o|cs hevc r|scn |o unsus|e|nec|c
|cvc|s. lneocquec|cs |n o|s|r|cu||on nc|vor|s hes cccn onc of |hc me¦or rcesons for
poor que|||y of supp|y.
||cc|r|c||y |nous|ry |s cep||e|-|n|cns|vc hev|n¸ |on¸ ¸cs|e||on pcr|oo. |csourccs of
povcr ¸cncre||on erc uncvcn|y o|spcrsco ecross |hc coun|ry. ||cc|r|c||y |s e
commoo||y |he| cen no| cc s|orco |n |hc ¸r|o vhcrc ocmeno eno supp|y hevc |o cc
con||nuous|y ce|encco. ¹hc v|oc|y o|s|r|cu|co eno rep|o|y |ncrces|n¸ ocmeno
rcqu|rcmcn|s of |hc coun|ry ncco |o cc mc| |n en op||mum menncr.
GENERATION
Existing Installed Capacity
/s |hc lno|en cconomy con||nucs |o sur¸c ehceo, ||s povcr scc|or hes cccn
cxpeno|n¸ concurrcn||y |o suppor| |hc ¸rov|h re|c. ¹hc ocmeno for povcr |s
¸rov|n¸ cxponcn||e||y eno |hc scopc for |hc ¸rov|h of |h|s scc|or |s |mmcnsc.
¹hc |o|e| |ns|e||co cepec||y |n |hc coun|ry es on Verch 31, 2O11 |s 173o2o.4O V\.
¹hc |o|e| |hcrme| cepec||y, |nc|uo|n¸ ¸es s|e||ons eno o|csc| ¸cncre||on eccoun|s for
ecou| o5% of |ns|e||co cepec||y of |hc coun|ry fo||ovco cy hyoro cepec||y e| 21.o%.
|uc|cer s|e||ons eccoun| for 2.8% eno |hc ce|encc 1% |s con|r|cu|co cy
|cncvec|c |ncr¸y Sourccs.
Total Capacity MW % share
¹hcrme| 112824.48 o5%
|yoro 375o7.4O 21.o%
|uc|cer 478O 2.8%
|.|.S.© 18454.52 1%
Total 173626.40 100%
© |cncvec|c |ncr¸y Sourccs
Sourcc: C|/'s |xccu||vc Summery
Generation
¹hc |o|e| povcr ¸cncre||on |n |hc coun|ry our|n¸ |hc ycer 2O1O-11 ves 811.143 b0s
es comperco |o 771.551 b0s ¸cncre|co our|n¸ |hc |es| ycer rc¸|s|cr|n¸ e ¸rov|h of
3.13%.
¹hc scc|or-v|sc ||cc|r|c||y Gcncre||on ¹er¸c| eno ech|cvcmcn| our|n¸ 2O1O-11 vcrc
es unocr:
Total
Generation
Target
(Million Units)
Achievement
(Million Units)
% of
achievement
¹hcrme| o9O85o.5 oo4913.o1 9o.24
|yoro 111352 114295.7 1O2.o4
|uc|cer 22OOO 2o284.8 119.48
Total 824208.5 805494.11 97.72
Sourcc: C|/'s |xccu||vc Summery
Capacity Utilisation
Cepec||y u||||se||on |n |hc lno|en povcr scc|or |s mcesurco cy ||en| |oeo |ec|or ,|||).
¹hc /||-lno|e ||| for |hc povcr scc|or ves 75.1O% our|n¸ 2O1O-11.
SWOT ANALYSIS
Strength/ Opportunity:
ln |hc sccner|o of h|¸h ocmeno vcrsus |ov supp|y of povcr, |mp|cmcn||n¸ |hc
Compeny's pro¦cc| |s ¦us||nco. ¹hc 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 |¹|C, |hc promo|cr eno me¦or
s|e|c ho|ocr. ¹hc ho|o|n¸ Compeny, |.c. |¹|C ||m||co |s prov|o|n¸ cn¸|nccr|n¸ eno
mene¸cmcn| cxpcr||sc from p|enn|n¸ |o comm|ss|on eno opcre||n¸ povcr p|en|.
|&V of S|e¸c-l ,2×11OV\) |s cc|n¸ oonc cy bhere| |cevy ||cc|r|ce|s ||m||co eno
Ve|n ||en| orocr of S|e¸c-ll ,2×195V\) hes cccn everoco |o bhere| |cevy ||cc|r|ce|s
||m||co. be|encc of p|en| of S|e¸c-l & S|e¸c-ll |s cc|n¸ cerr|co ou| cy |hc Compeny ||sc|f.
Weakness/ Threats:
/our Compeny hes cccn fec|n¸ cons|re|n| |n rcspcc| of eve||ec||||y of coe|, oc|eyco
rce||se||on of se|c procccos from bS|b. ¹hc erce |n vh|ch |hc p|en| |s |oce|co
cxpcr|cnccs hcevy re|nfe|| eno nooos.
RISK AND CONCERN
¹hc 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 rc¸u|er|y v||h rcfcrcncc |o s|e|u|ory rc¸u|e||ons
prcscr|cco cy |hc ¸ov|. eu|hor|||cs eno compeny |s formu|e||n¸ ||s ovn ¸u|oc||nc |n
|h|s rc¸ero. ||s| er|s|n¸ ou| of ecc|ocn|s, nrc c|c |s pro|cc|co |hrou¸h |nsurencc
po||c|cs eno ||m||co |hrou¸h con|rec|ue| e¸rccmcn|s vhcrcvcr poss|c|c.
Financial Risks erc conccrnco v||h oc|eyco rce||se||on of se|c procccos from bS|b,
scrv|c|n¸ of occ|, c|c.
¹hc Compeny |s pcrs|s|cn||y |e||n¸ up v||h bS|b for ||mc|y peymcn| of se|c procccos.
||s|n¸ pr|ccs of Coe| & o|| eno ||s sucscqucn| |mpec| on cos| of cncr¸y se|cs |o bS|b
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|o¸y.
¹hc 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|. ¹hc
Compeny |s cmp|oy|n¸ profcss|one| cxpcr|s of ver|ous nc|os eno cc|n¸ ocpu|co
from |¹|C eno bS|b. ¹hc Compeny hes |e|cn up cxpens|on p|en |o succcco |n |h|s
compc||||vc cnv|ronmcn|.
¹hc po||c|cs eno proccss fremcvor| of |hc compeny suppor|co cy |hc proec||vc
epproech of mene¸cmcn| m|||¸e|c opcre||one| r|s|s |o ¸rce| cx|cn|.
INTERNAL CONTROL
¹hc Compeny hes rocus| |n|crne| sys|cms eno proccsscs for cfnc|cn| conouc| of
cus|ncss. ¹hc Compeny |s comp|y|n¸ v||h rc|cven| |evs eno rc¸u|e||ons. l| |s
fo||ov|n¸ oc|c¸e||on of povcrs es |s cc|n¸ fo||ovco |n |¹|C ||m||co. ¹hc 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 |¹|C ||m||co. ¹hc 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, rc¸u|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
|¹|C ||m||co. ¹hc Compeny hes cons|||u|co en /uo|| Comm|||cc |h|s ycer. ¹hc
scopc of |h|s Comm|||cc |nc|uocs comp||encc v||h ln|crne| Con|ro| Sys|cms.
FINANCIAL DISCUSSION AND ANALYSIS
|ur|n¸ |hc nnenc|e| ycer 2O1O-11, 0n||#2 of S|e¸c-l of |hc p|en| ves occ|erco
commcrc|e| on 15.1O.2O1O e| oO% cepec||y. ln |hc prc-comm|ss|on|n¸ pcr|oo, |hc
cncr¸y scn| ou| ves 1o9.29 V0s eno |hc |o|e| ¸cncre||on ves 199.4O V0s. /f|cr |hc
p|en| ves occ|erco commcrc|e|, |hc cncr¸y scn| ou| ves 1O3.94 V0s eno |hc
¸cncre||on ves 12O.17 V0s. |ur|n¸ |hc prcv|ous ycer, |hc cncr¸y scn| ou| ves 39o
V0s eno |hc |o|e| ¸cncre||on ves 4o1 V0s. ¹hc occrcesc |n ¸cncre||on our|n¸ |hc
pcr|oo unocr rcv|cv ves ouc |o non-peymcn| of oucs cy bS|b ouc |o vh|ch coe|
cou|o no| cc procurco for ¸cncre||on. |ur|n¸ |hc s|ec||||y pcr|oo, c||||n¸ for cncr¸y
scn| ou| heo cccn eccoun|co e| mu|ue||y e¸rcco re|c of ` 3.o5p/|\h. |os| CO| e|so,
|hc c||||n¸ heo cccn oonc e| |hc mu|ue||y e¸rcco re|c of ` 3.o5p/|\h suc¦cc| |o
rc|rospcc||vc eo¦us|mcn| on nne| |er|ff no||nce||on cy Ccn|re| ||cc|r|c||y |c¸u|e|ory
Comm|ss|on.
|ur|n¸ |hc ||nenc|e| /cer 2O1O-11, cep||e| vor|-|n-pro¸rcss emoun||n¸ |o
` 1,43,52,O2,5o7/- pcr|e|n|n¸ |o 0n||#2 of S|e¸c-l heo cccn cep||e||zco on occ|ere||on
of 0n||#2 commcrc|e|. ¹hc nc| c|oc| rosc |o ` 1,oO,O3,97,525/- es on 31.O3.2O11 from
` 27,8O,57,o53/- es on 31.O3.2O1O. ¹hc Cep||e| \or|-|n-pro¸rcss ves
` 1,59,97,O8,335/- es on 31.O3.2O11. ¹hc |c| Currcn| /ssc|s s|ooo e|
`,-) 41,2o,72,2OO/-.
¹hc nc| se|cs meoc our|n¸ |hc pcr|oo of commcrc|e| opcre||on emoun|co |o
` 48,58,O7,317/- eno o|hcr |ncomc ves ` 2,48,32,98O/-. /f|cr ocouc||n¸ |hc
cxpcno||urc of ` o5,o4,o8,oo9/-, |hcrc ves e |oss of ` 14,58,2o,7o1/- for |hc pcr|oo
cno|n¸ 31.O3.2O11.
|ur|n¸ |hc ||nenc|e| /cer 2O1O-11, ocprcc|e||on on |hc essc|s of |hc ¸cncre||on of
c|cc|r|c||y cus|ncss |s cher¸co on s|re|¸h| ||nc mc|hoo fo||ov|n¸ |hc re|cs eno
mc|hooo|o¸y no||nco cy |hc C||C |c¸u|e||ons, 2OO9. Conscqucn| |o |h|s chen¸c,
pr|or pcr|oo ocprcc|e||on vr|||cn cec| |s ` 3,o4,o88/- eno ocprcc|e||on for |hc ycer
cnoco 31
s|
Verch, 2O11 |s |ovcr cy ` o5,8o,o33/-. /s e rcsu||, |oss ccforc |ex for |hc
ycer cnoco 31
S|
Verch 2O11 |s |ovcr cy ` o5,8o,o33/-.
HUMAN RESOURCE
|rcscn||y, |hc Compeny hes |o|e| s|rcn¸|h of 159 cmp|oyccs, ou| of vh|ch, 118
cmp|oyccs erc ocpu|co from |hc |o|o|n¸ Compeny |.c. |¹|C ||m||co, 32 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 1O SC ceno|oe|cs eno 7 S¹ ceno|oe|cs es e
soc|e||y rcspons|c|c eno consc|ous or¸en|se||on.
¹hc Compeny |s pey|n¸ eocque|c pcr|s eno e|so me||n¸ cmp|oyccs per| of pron|
35
th
Annual Report 2010-2011 18O
KANTI BIJLEE UTPADAN NIGAM LIMITED
ACCOUNTING POLICIES 2010-11
1. BASIS OF PREPARATION
¹hc 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
¹hc 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. /||hou¸h 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 rcco¸n|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 eo¦us|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.
\hcrc |hc ovncrsh|p of |hc essc|s ecqu|rco ou| of |hc ¸ren|s vcs|s v||h |hc
Govcrnmcn|, |hc ¸ren|s erc eo¦us|co |n |hc cerry|n¸ cos| of such essc|s.
Gren|s from Govcrnmcn| eno o|hcr e¸cnc|cs |overos rcvcnuc cxpcno||urc erc
rcco¸n|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.
4. FIXED ASSETS
||xco /ssc|s erc cerr|co on h|s|or|ce| cos|.
|xpcno||urc on rcnove||on eno moocrn|ze||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.
ln|en¸|c|c essc|s erc rccoroco e| |hc|r cos| of ecqu|s|||on.
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-|ro¸rcss |||| |hc pcr|oo of comp|c||on eno
|hcrcef|cr |n |hc ||xco /ssc|s.
|cpos||s, peymcn|s/||ec|||||cs meoc prov|s|one||y |overos compcnse||on,
rchec||||e||on eno o|hcr cxpcnscs rc|e|co |o |eno |n posscss|on erc |rce|co es
cos| of |eno.
ln |hc cesc |f 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||ze||on |s oonc on prov|s|one| ces|s suc¦cc| |o
ncccssery eo¦us|mcn| |n |hc ycer of nne| sc|||cmcn|.
/ssc|s eno sys|cms common |o morc |hen onc ¸cncre||n¸ un|| erc cep||e||zco
on |hc ces|s of cn¸|nccr|n¸ cs||me|cs/esscssmcn|s.
5. CAPITAL WORK-IN-PROGRESS
ln rcspcc| of supp|y-cum-crcc||on con|rec|s, |hc ve|uc of supp||cs rccc|vco e|
s||c eno ecccp|co |s |rce|co es Cep||e| \or|-|n-|ro¸rcss.
/om|n|s|re||on eno ¸cncre| ovcrhceo cxpcnscs e||r|cu|ec|c |o cons|ruc||on of
nxco essc|s erc |ocn||nco eno e||oce|co on e sys|cme||c ces|s eno |nc|uoco |n
|hc cos| of rc|e|co essc|s |||| |hcy erc rceoy for |hc|r |n|cnoco usc.
|cpos|| vor|/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.
6. FOREIGN CURRENCY TRANSACTIONS
|orc|¸n currcncy |rensec||ons erc |n|||e||y rccoroco e| |hc re|cs of cxchen¸c
ru|||n¸ e| |hc oe|c of |rensec||on.
/| |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 cxchen¸c re|c ru||n¸ e| |hc oe|c of |rensec||on.
|xchen¸c o|ffcrcnccs ,|oss), er|s|n¸ from |rens|e||on of forc|¸n currcncy |oens
rc|e||n¸ |o nxco essc|s/cep||e| vor|-|n-pro¸rcss |o |hc cx|cn| rc¸eroco es en
eo¦us|mcn| |o |n|crcs| cos| erc |rce|co es corrov|n¸ cos|. |xchen¸c o|ffcrcnccs
,¸e|n) erc eo¦us|co |n |hc cos| of rc|e|co essc|s |o |hc cx|cn| |hc rc|e|co
cxchen¸c |oss ves rc¸eroco es corrov|n¸ cos| |n |hc cer||cr pcr|oos |||| |hc
rc|e|co essc|s erc rceoy for |hc|r |n|cnoco usc.
|xchen¸c o|ffcrcnccs erc rcco¸n|zco es |ncomc or cxpcnsc |n |hc pcr|oo |n
vh|ch |hcy er|sc.
7. 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|ze||on erc cep||e||zco. Such corrov|n¸ cos|s erc eppor||onco on
|hc evcre¸c ce|encc of cep||e| vor|-|n-pro¸rcss for |hc ycer. O|hcr corrov|n¸
cos|s erc rcco¸n|zco es en cxpcnsc |n |hc pcr|oo |n vh|ch |hcy erc |ncurrco.
8. INVENTORIES
lnvcn|or|cs erc ve|uco e| |hc |ovcr of cos|, oc|crm|nco on vc|¸h|co evcre¸c
ces|s, eno nc| rce||zec|c ve|uc.
||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. EXPENDITURE
9.1 |cprcc|e||on on |hc essc|s of |hc ¸cncre||on of c|cc|r|c||y cus|ncss |s
cher¸co on s|re|¸h| ||nc mc|hoo fo||ov|n¸ |hc re|cs eno mc|hooo|o¸y
no||nco cy |hc C||C |c¸u|e||ons, 2OO9.
9.2 |cprcc|e||on on |hc essc|s of |hc coe| m|n|n¸, o|| & ¸es cxp|ore||on eno
consu||ency cus|ncss, |s cher¸co 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.
9.3 |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|n¸s |nc|uo|n¸ |hc|r |n|crne|
c|cc|r|nce||on.
- non-rcs|ocn||e| cu||o|n¸s |nc|uo|n¸ |hc|r |n|crne|
c|cc|r|nce||on, ve|cr supp|y, scvcre¸c & ore|ne¸c
vor|s, re||vey s|o|n¸s, 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
o) |ho|ocop|crs eno |ex Vech|ncs 5 ycers
c) \e|cr coo|crs eno |cfr|¸cre|ors 12 ycers
9.4 |cprcc|e||on on eoo|||ons |o/ocouc||ons from nxco essc|s our|n¸ |hc
ycer |s cher¸co 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|.
9.5 /ssc|s cos||n¸ up |o ` 5OOO/- erc fu||y ocprcc|e|co |n |hc ycer of
ecqu|s|||on.
9.o Cos| of sof|verc rcco¸n|zco es |n|en¸|c|c essc|, |s emor||sco on s|re|¸h|
||nc mc|hoo ovcr e pcr|oo of |c¸e| r|¸h| |o usc or 3 ycers, vh|chcvcr |s
cer||cr. ln|en¸|c|c essc|s - O|hcrs erc emor||zco on s|re|¸h| ||nc mc|hoo
ovcr |hc pcr|oo of |c¸e| r|¸h| |o usc.
9.7 \hcrc |hc cos| of ocprcc|ec|c essc|s hes unocr¸onc e chen¸c our|n¸
|hc ycer ouc |o |ncrcesc/occrcesc |n |on¸ |crm ||ec|||||cs on eccoun| of
cxchen¸c nuc|ue||on, pr|cc eo¦us|mcn|, chen¸c |n ou||cs or s|m||er
fec|ors, |hc unemor||sco ce|encc of such essc| |s cher¸co prospcc||vc|y
e| |hc re|cs eno mc|hooo|o¸y no||nco cy C||C |c¸u|e||ons.
9.8 \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 cher¸co prospcc||vc|y ovcr |hc rcv|sco uscfu| ||fc
oc|crm|nco cy |cchn|ce| esscssmcn|.
9.9 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 |rrc¸u|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 e| |hc re|cs eno mc|hooo|o¸y no||nco cy
C||C |c¸u|e||ons for such ||cms of p|en| eno mech|ncry.
9.1O Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc compeny |s emor||sco
ovcr e pcr|oo of 4 ycers from |hc ycer |n vh|ch |hc nrs| un|| of pro¦cc|
conccrnco comcs |n|o commcrc|e| opcre||on eno |hcrcef|cr from |hc
ycer |n vh|ch |hc rc|cven| essc| cccomcs eve||ec|c for usc. |ovcvcr,
such cxpcno||urc for commun||y ocvc|opmcn| |n cesc of s|e||ons unocr
sher|n¸ cy ¸|v|n¸ |ron| |c|e|co |eymcn|. ¹hcy 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¸ or¸en|se||on. ¹hc Compeny heo pe|o ` 21,o9,48,778/- |overos
Se|er|cs, \e¸cs, /||ovenccs, bcncn|s, Con|r|cu||on |o |rov|ocn| eno o|hcr |unos
eno vc|ferc cxpcnscs.
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 e¸e|ns| |n¦ury eno o|scescs.
Occupe||one| sefc|y e| vor|p|ecc |s ¸|vcn u|mos| |mpor|encc.
OUTLOOK
¹hc compeny's ou||oo| eppcers |o cc vcry cr|¸h|. l| v||| ¸cncre|c sufnc|cn| rcvcnuc
for ¸rov|h eno ocvc|opmcn| of |hc compeny oncc |hcrc |hc funos erc eve||ec|c eno
|h|s v||| e|so coos| cmp|oymcn| oppor|un|||cs |o |hc |oce| |nhec||en|s.
CAUTIONARY STATEMENT
S|e|cmcn|s |n |hc Vene¸cmcn| ||scuss|on eno /ne|ys|s, ocscr|c|n¸ oc¦cc||vcs,
pro¦cc||ons eno cs||me|cs, erc forvero-|oo||n¸ s|e|cmcn|s eno pro¸rcss|vc, v||h|n
|hc mcen|n¸ of epp||cec|c sccur||y |evs eno rc¸u|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|
|e|co: !u|y O9, 2O11
|or eno on cche|f of |hc boero of ||rcc|ors
,/rup |oy Chouohury)
Che|rmen
35
th
Annual Report 2010-2011 181
KANTI BIJLEE UTPADAN NIGAM LTD.
BALANCE SHEET AS AT 31
ST
MARCH, 2011
,/moun| |n `)
Schcou|c As at
31.03.2011
/s e|
31.O3.2O1O
SOURCES OF FUNDS
SHAREHOLDERS’ FUNDS
Sherc cep||e| 1 885075370.00 885O7537O.OO
Sherc Cep||e| |cpos|| pcno|n¸
/||o|mcn| 2561522337.00 438OOOOO.OO
|cscrvcs eno surp|us 2 2980480256.00 18749O715O.OO
6427077963.00 28O378252O.OO
LOAN FUNDS
Sccurco |oens 3 611130179.00 383731o37.OO
TOTAL 7038208142.00 3187514157.OO
APPLICATION OF FUNDS
FIXED ASSETS 4
Gross b|oc| 1774138423.54 3348o8757.22
|css: |cprcc|e||on 173740898.42 5o8111O3.9o
|c| b|oc| 1600397525.12 278O57o53.2o
Cep||e| \or|-|n-|ro¸rcss 5 1599708335.41 14o8733115.7O
Cons|ruc||on s|orcs eno
eovenccs
o
4104168904.10 1415918574.31
7304274764.63 31o27O9343.27
CURRENT ASSETS, LOANS AND ADVANCES
lnvcn|or|cs 7 24207989.20 9o85O75.OO
Sunory |cc|ors 8 430925117.50 13124O8O1.OO
Cesh eno ben| ce|enccs 9 224230095.76 14O8o2411.4o
O|hcr Currcn| /ssc|s 1O 4861631.00 2594755.O8
|oens eno /ovenccs 11 107014773.47 1O818855.5O
791239606.93 2952O1898.O4
LESS: CURRENT LIABILITIES AND
PROVISIONS
Currcn| ||ec|||||cs 12 1173849583.92 24o353o91.31
|rov|s|ons 13 30062223.00 248222O9.OO
1203911806.92 2711759OO.31
Net current assets (412672199.99) 24O25997.73
Pro?t & Loss account 146605577.36 778815.5O
TOTAL 7038208142.00 318751415o.5O
|o|cs on /ccoun|s 22
Schcou|cs 1 |o 21 eno eccoun||n¸ po||c|cs form en |n|c¸re| per| of eccoun|s.
|or eno on cche|f of |hc boero of ||rcc|ors
/s pcr our rcpor| of cvcn oe|c
For GRA & Assiciates
Cher|crco /ccoun|en|s
(S. K. Agrawal) (Ruchi Aggarwal) (P. K. Rai) (Arup Roy Choudhury)
|er|ncr Compeny Sccrc|ery ||rcc|or Che|rmen
V |9359O
||ecc : |cv |c|h|
|e|co : 2
no
Vey, 2O11
KANTI BIJLEE UTPADAN NIGAM LTD.
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31
ST
MARCH, 2011
,/moun| |n `)
Schcou|c For the year
ended March
31, 2011
|or |hc ycer
cnoco Verch
31, 2O1O
INCOME
Se|cs ,Gross) 14 485486583.50 O.OO
|ncr¸y |n|crne||y consumco 320734.20 O.OO
O|hcr |ncomc 15 24832980.04 O.OO
Total 510640297.74 O.OO
EXPENDITURE
|uc| 353324561.67 O.OO
|mp|oyccs' rcmuncre||on eno
ccncn|s
1o 104094008.10 O.OO
Gcncre||on, eom|n|s|re||on & o|hcr
cxpcnscs
17 50678199.75 74182O.OO
|cprcc|e||on 109807982.70 O.OO
|rov|s|ons 18 336890.46 O.OO
ln|crcs| eno nnencc cher¸cs 19 38227027.16 913O.OO
Total 656468669.84 75O95O.OO
Pro?t before Tax and Prior
Period Adjustments
(145828372.10) ,75O95O.OO)
|r|or |cr|oo |ncomc / cxpcno||urc ,nc|) 2O (1610.24) O.OO
Pro?t before tax (145826761.86) ,75O95O.OO)
Provision for :
Currcn| |ex 0.00 O.OO
Pro?t after tax (145826761.86) ,75O95O.OO)
be|encc crou¸h| forvero (778815.50) ,278o5.5O)
Balance carried to Balance Sheet (146605577.36) ,778815.5O)
Expenditure during construction
period (net)
21
|ern|n¸ |cr Sherc ,|qu||y shercs,
fecc ve|uc `1O/- cech) - bes|c eno
|||u|co ,`)
(1.66) ,O.13)
|o|cs on /ccoun|s 22
Schcou|cs 1 |o 21 eno eccoun||n¸ po||c|cs form en |n|c¸re| per| of eccoun|s.
|or eno on cche|f of |hc boero of ||rcc|ors
/s pcr our rcpor| of cvcn oe|c
For GRA & Assiciates
Cher|crco /ccoun|en|s
(S. K. Agrawal) (Ruchi Aggarwal) (P. K. Rai) (Arup Roy Choudhury)
|er|ncr Compeny Sccrc|ery ||rcc|or Che|rmen
V |9359O
||ecc : |cv |c|h|
|e|co : 2
no
Vey, 2O11
opcre||on |s cher¸co off |o rcvcnuc.
9.11 |cescho|o |eno eno cu||o|n¸s 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|o¸y no||nco
cy C||C |c¸u|e||ons. |cescho|o |eno ecqu|rco on pcrpc|ue| |cesc |s no|
emor||sco.
9.12 |eno ecqu|rco unocr Coe| bcer|n¸ /rces ,/cqu|s|||on & |cvc|opmcn|)
/c|, 1957 |s emor||sco on |hc ces|s of |cesc pcr|oo or ce|encc uscfu| ||fc
of |hc rcspcc||vc pro¦cc| vh|chcvcr |s cer||cr.
9.13 |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 cher¸co |o
rcvcnuc |n |hc ycer |ncurrco.
9.14 |rc||m|nery cxpcnscs on eccoun| of ncv pro¦cc|s |ncurrco pr|or |o
epprove| of fces|c||||y rcpor|/|cchno cconom|c c|cerencc erc cher¸co |o
rcvcnuc.
9.15 /c|uer|e| ¸e|ns/|osscs |n rcspcc| of '|mp|oycc bcncn| ||ens' erc
rcco¸n|sco |n |hc s|e|cmcn| of |ron| & |oss /ccoun|.
9.1o |c| prc-comm|ss|on|n¸ |ncomc/cxpcno||urc |s eo¦us|co o|rcc||y |n |hc
cos| of rc|e|co essc|s eno sys|cms.
9.17 |xpcnscs eno pr|or pcr|oo cxpcnscs/|ncomc of ||cms of ` 1OO,OOO/- eno
cc|ov erc cher¸co |o ne|ure| hceos of eccoun|s.
9.18 Cerpc| coe| |s cher¸co off |o coe| consump||on. |ovcvcr, our|n¸ prc-
comm|ss|on|n¸ pcr|oo, cerpc| coe| |s rc|e|nco |n |nvcn|or|cs eno cher¸co
off |o consump||on |n |hc nrs| ycer of commcrc|e| opcre||on. ¹rens|| eno
heno||n¸ |osscs of coe| es pcr norms erc |nc|uoco |n cos| of coe|.
10. PROVISIONS AND CONTINGENT LIABILITIES
/ prov|s|on |s rcco¸n|zco 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 mene¸cmcn| 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||n¸cn| ||ec|||||cs erc o|sc|osco on |hc ces|s of ¦uo¸mcn| of
|hc mene¸cmcn|/|nocpcnocn| cxpcr|s. ¹hcsc erc rcv|cvco e| cech ce|encc
shcc| oe|c eno erc eo¦us|co |o rcncc| |hc currcn| mene¸cmcn| cs||me|c.
11. 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|'.
35
th
Annual Report 2010-2011 182
,/moun| |n `)
As at
31.03.2011
/s e|
31.O3.2O1O
Schedule 1
SHARE CAPITAL
AUTHORISED
1,OOO,OOO,OOO cqu||y shercs of ` 1O/- cech
,prcv|ous ycer 1OO,OOO,OOO cqu||y shercs of
` 1O/- cech)
10000000000.00 1OOOOOOOOO.OO
ISSUED, SUBSCRIBED AND PAID-UP
88,5O7,537 cqu||y shercs of ` 1O/- cech fu||y
pe|o-up ,prcv|ous ycer 88,5O7,537 cqu||y
shercs of ` 1O/- cech fu||y pe|o-up)
885075370.00 885O7537O.OO
,57151OOO hc|o cy |¹|C ||o. eno |hc|r
nom|nccs rccc|vco |n cesh eno 3135o537
cqu||y shercs fu||y pe|o up hc|o cy b|her
S|e|c ||cc|r|c||y boero eno |hc|r nom|nccs,
|n cons|ocrer||on o|hcr |hen cesh. ,|rcv|ous
ycer: 57151OOO cqu||y shercs of ` 1O cech
hc|o cy |¹|C ||o. eno |hc|r nom|nccs
eno3135o537 shercs ` 1O cech fu||y pe|o
up hc|o cy bS|b eno |hc|r nom|nccs)
885075370.00 885O7537O.OO
,/moun| |n `)
As at
31.03.2011
/s e|
31.O3.2O1O
Schedule 2
RESERVES AND SURPLUS
Cep||e| |cscrvc-¸ren|s from GOl
/s pcr |es| be|encc Shcc| 1874907150.00 11249O715O.OO
/oo : Gren|s rccc|vco our|n¸ |hc ycer 1129144894.00 75OOOOOOO.OO
|css : Gren|s u||||sco es ocprcc|e||on for
|hc ycer on essc|s crce|co ou| of |hc ¸ren|s
(23571788.00)
C|os|n¸ be|encc 2980480256.00 18749O715O.OO
Total 2980480256.00 18749O715O.OO
Schedule 3
SECURED LOANS
Cesh Crco|| from schcou|co cen|s
,Sccurco e¸e|ns| lnvcn|ory eno ¹reoc
|cc|ors ecqu|rco from cesh crco|| |oen)
393987321.00 12O874493.OO
|oen from |o|o|n¸ Compeny |¹|C ||o
,Sccurco cy cqu||ec|c mor|¸e¸c |hrou¸h
ocpos|| of ||||c occo), ,|uc for rcpeymcn|
v||h|n onc ycer ` 37142857.OO, |rcv|ous
ycer ` 4571428O )
217142858.00 2o2857144.OO
Total 611130179.00 383731o37.OO

Schedule 4
FIXED ASSETS ,/moun| |n `)
Gross Block Depreciation Net Block
/s e|
O1.O4.2O1O /oo|||ons
|couc||ons/
/o¦us|mcn|s
As at
31.03.2011
0p|o
O1.O4.2O1O
|or
|hc ycer
|couc||ons/
/o¦us|mcn|s
Upto
31.03.2011
As at
31.03.2011
/s e|
31.O3.2O1O
TANGIBLE ASSETS
Land :
,|nc|uo|n¸ ocvc|opmcn| cxpcnscs)
|rccho|o
|cescho|o O.OO ,33.OO) 33.00 1.19 ,3.O7) 4.26 28.74
|oeos, cr|o¸cs, cu|vcr|s & hc||peos 1243O8o3.OO O.OO O.OO 12430863.00 1958837.14 418893.1O ,13291.3o) 2391021.60 10039841.40 1O472O25.8o
bu||o|n¸ :
|rccho|o
Ve|n p|en| 1135O8719.OO O.OO O.OO 113508719.00 2574oo13.91 o471974.33 713127.58 31505460.66 82003258.34 877o21O5.O9
O|hcrs 188Oo4475.OO 3434191.OO O.OO 191498666.00 2294oo23.O7 7157255.42 ,58o412.8O) 30690291.29 160808374.71 1o5117851.93
\e|cr Supp|y, ore|ne¸c & scvcre¸c sys|cm 4444o28.OO O.OO O.OO 4444628.00 812427.84 148454.83 782o9.O1 882613.66 3562014.34 3o322OO.1o
VG| |rec| eno s|¸ne|||n¸ sys|cm O.OO 18393ooO O.OO 18393666.00 919o83.3O O.OO 919683.30 17473982.70
||en| eno mech|ncry 77O385.OO 141131O955.19 O.OO 1412081340.19 1O91O9.29 1OO379O27.o8 o41.4O 100487495.57 1311593844.62 oo1275.71
|urn||urc, nx|urcs & o|hcr ofncc cqu|pmcn| 8237138.48 1953O82.99 ,o8OO.OO) 10197021.47 2298273.73 925381.29 1857.o8 3221797.34 6975224.13 59388o4.75
|||, \| mech|ncs eno se|com cqu|pmcn| 43oO337.44 33O381.OO O.OO 4690718.44 1787o3o.3O 8o8O57.88 1294O3.28 2526290.90 2164427.54 25727O1.14
vch|c|cs |nc|uo|n¸ spccocoe|s 28O545.OO O.OO 28O545.OO 0.00 191OO7.55 47497.85 2385O5.4O 0.00 0.00 89537.45
Cons|ruc||on cqu|pmcn|s 183251O 4O9o84o.1O 4oo944.77 5462417.33 3277O7.2o 453OO9.28 5OO729.o5 279986.89 5182430.44 15O48O8.74
||cc|r|ce| |ns|e||e||ons O.OO 3oo5o5.O2 O.OO 366565.02 27O3O.48 O.OO 27030.48 339534.54
Commun|ce||on cqu|pmcn|s 3577O 7o79O.5O O.OO 112566.50 141.o1 2oo9.78 ,47.11) 2858.50 109708.00 35o34.39
|osp||e| cqu|pmcn|s 3494O O.OO O.OO 34946.00 2o987.38 423.3O 1553.75 25856.93 9089.07 7958.o2
/ssc|s hc|o for o|spose| ve|uco e| nc| coo|
ve|uc or nc| rce||sec|c ve|uc vh|chcvcr |s |css
O.OO O.OO ,47845.29) 47845.29 O.OO O.OO O.OO 0.00 47845.29
INTANGIBLE ASSETS
Sof|verc 8o8428.3O O.OO O.OO 868428.30 oO573o.28 17477O.7o O.OO 780507.04 87921.26 2o2o92.O2
Total 3348o8757.22 14399o2477.8O o92811.48 1774138423.54 5o8111O1.3o 11799413O.47 1Oo4333.41 173740898.42 1600397525.12 278O57o55.8o
|rcv|ous ycer 3233O1752.22 13O9o51.OO 1O2oO552.OO 334868757.22 2972o171.OO 1o273oO5.9o 1O811327.OO 56811103.96 278057653.26 293575581.22
Deduction/Adjustments from Gross Block for the year includes: 2011 2O1O
||spose|/rc||rcmcn| of essc|s O.OO
Cos| eo¦us|mcn|s (6800.00) O.OO
/ssc|s cep||e||sco v||h rc|rospcc||vc cffcc| / vr||c cec| of cxccss
cep||e||se||on
(33.00)
O|hcrs 699644.48 O.OO
Total 692811.48 O.OO
Deduction/Adjustments from Depreciation for the year includes:
||spose|/|c||rcmcn| of essc|s
|r|or |cr|oo ocprcc|e||on ouc |o /ssc|s cep||e||sco v||h rc|rospcc||vc
cffcc| / \r||c cec| of cxccss cep||e||se||on
(3.07) O.OO
O|hcrs 1064336.48 O.OO
Total 1064333.41 O.OO
Deduction/adjustments from depreciation for the year includes:
Cher¸co |o |ron| eno |oss /ccoun| 109807982.70 O.OO
|cprcc|e||on |rensfcrrco |o ||C,nc|)-,Schcou|c-21) 8186147.77 1o273oO5.9o
Total 117994130.47 1o273oO5.9o
35
th
Annual Report 2010-2011 183
Schedule 5
CAPITAL WORK-IN-PROGRESS ,/moun| |n `)
/s e|
O1.O4.2O1O
/oo|||ons |couc||ons &
/o¦us|mcn|s
Cep||e||sco /s e|
31.O3.2O11
|cvc|opmcn| of |eno 1O3783517.19 O.OO O.OO 1O3783517.19
|oeos, cr|o¸cs, cu|vcr|s & hc||peos oO9o34.37 O.OO O.OO oO9o34.37
bu||o|n¸s :
Ve|n p|en| O.OO O.OO O.OO O.OO
O|hcrs 33877O7.45 2O7O245.oo O.OO 3434191.OO 2O237o2.11
¹cmporery crcc||on 42221321.33 O.OO O.OO 42221321.33
VG| |rec| eno s|¸ne|||n¸ sys|cm 194o2394.O5 O.OO 18393ooO 1Oo8728.O5
||en| eno mech|ncry 2O835o493o.14 127o379o39.32 9Oo2o3598.18 14O9o4Oo12.47 1O44O4O3o4.81
Cons|ruc||on cqu|pmcn|s 29131oO.92 ,8o2718.31) 3382433.OO 39344o.23
||cc|r|ce| lns|e||e||ons 4759.o3 ,34o9O5.37) 351oo5.OO
Sub Total 2086952643.59 1447444672.47 905053974.50 1435202567.47 1194140774.09
Expenditure pending allocation
Survcy, |nvcs||¸e||on, consu||ency eno supcrv|s|on cher¸cs 118OO237.Oo 3937o7324.3O O.OO O.OO 4O55o75o1.3o
|rc-comm|s|on|n¸ cxpcnscs ,nc|) ,o3OO197o5.O5) ,14oo52431.85) ,77oo72197.OO) O.OO O.1O
|xpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) * 255341229.54 O.OO O.OO 255341229.54
|css: /||oce|co |o rc|e|co vor|s O.OO ,255341229.o8) O.OO ,255341229.o8)
Grand Total 1468733115.60 1694559564.78 128381777.50 1435202567.47 1599708335.41
|rcv|ous ycer 1294929342.OO 173783o84.OO ,2OO9O.OO) O.OO 14o873311O
* brou¸h| from cxpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) - Schcou|c 21
,/moun| |n `)
As at
31.03.2011
/s e|
31.O3.2O1O
Schedule 6
CONSTRUCTION STORES AND ADVANCES
CO|S¹|0C¹lO| S¹O||S *
,/| cos|)
S|cc| 4855409.52 1538O17.21
Ccmcn| 899238.65
O|hcrs 792292469.54 133212419.OO
798047117.71 13475O43o.21
|css: |rov|s|on for shor|e¸cs 487o15.OO
798047117.71 1342o2821.21
ADVANCES FOR CAPITAL EXPENDITURE
Sccurco
0nsccurco, cons|ocrco ¸ooo
Covcrco cy cen| ¸ueren|ccs 1217166610.69
O|hcrs 2088955175.70 1281o55753.1O
3306121786.39 1281o55753.1O
Total 4104168904.10 1415918574.31
* lnc|uocs me|cr|e| |n |rens||, unocr
|nspcc||on eno v||h con|rec|ors 667236879.00 O.OO
Schedule 7
INVENTORIES
,ve|ue||on es pcr /ccoun||n¸ |o||cy |o. 8)
Componcn|s eno spercs 628177.25 O.OO
|oosc |oo|s
Coe| 14503502.00 9o81955.OO
|uc| o|| 9300244.16
Chcm|ce|s & consumec|cs 3120.00 312O.OO
O|hcrs 597451.25 -
25032494.66 9o85O75.OO
|css: |rov|s|on for shor|e¸cs 40495.00
|rov|s|on for ocso|c|c/ unscrv|ccec|c
||cms/ 784010.46 -
Total 24207989.20 9o85O75.OO
lnvcn|or|cs |nc|uoc me|cr|e| |n |rens||, unocr
|nspcc||on eno v||h con|rec|ors 8594053.00 O.OO
,/moun| |n `)
As at
31.03.2011
/s e|
31.O3.2O1O
Schedule 8
SUNDRY DEBTORS
,Cons|ocrco ¸ooo, un|css o|hcrv|sc s|e|co)
|cc|s ou|s|eno|n¸ ovcr s|x mon|hs
0nsccurco, 0.00 O.OO
0.00 O.OO
O|hcr occ|s
0nsccurco 430925117.50 13124O8O1.OO
430925117.50 13124O8O1.OO
Total 430925117.50 13124O8O1.OO
Schedule 9
CASH & BANK BALANCES
Cesh ln heno
,|nc|uocs chcqucs, oref|s, s|emps on heno
Currcn| ycer-n||, prcv|ous ycer
`1OO1o8OOO/-)
0.00 1OO1o8OOO.OO
be|enccs v||h schcou|co cen|s
Currcn| eccoun|s ,e) 9179826.04 o37o82o.82
¹crm ocpos|| eccoun|s ,c) 215050269.72 34317584.o4
Total 224230095.76 14O8o2411.4o
Schedule 10
OTHER CURRENT ASSETS
ln|crcs| eccruco :
¹crm ocpos||s 4861631.00 25O1O19.O8
O|hcrs 9373O
Total 4861631.00 2594755.O8
Schedule 11
LOANS AND ADVANCES
,Cons|ocrco ¸ooo, un|css o|hcrv|sc s|e|co)
|O/|S
/|v/|C|S
,|ccovcrec|c |n cesh or |n ||no or for ve|uc
|o cc rccc|vco)
Con|rec|ors & supp||crs, |nc|uo|n¸ me|cr|e|
|ssuco on |oen
Sccurco
0nsccurco 94261459.18 O.OO
35
th
Annual Report 2010-2011 184
,/moun| |n `)
As at
31.03.2011
/s e|
31.O3.2O1O
Schedule 11 (Cont.)
|mp|oyccs ,|nc|uo|n¸ |mprcs|)
0nsccurco 5000.00 1773O9.OO
Cons|ocrco oouc|fu| O.OO
/ovencc |ex & |ex ocouc|co e| sourcc 1791410.00 988718.OO
O|hcrs
0nsccurco 668027.29 11o7O3O.5O
96725896.47 2333O57.5O
|||OSl¹S
|cpos||s v||h cus|oms, por| |rus| eno
o|hcrs 10288877.00 8485798.OO
Total 107014773.47 1O818855.5O
Schedule 12
CURRENT LIABILITIES
Sunory crco||ors
|or cep||e| cxpcno||urc
V|cro & sme|| cn|crpr|scs 125110.29
O|hcrs 788141684.61 94139195.O1
|or ¸ooos eno scrv|ccs
V|cro & sme|| cn|crpr|scs 54348.51
O|hcrs 176299147.42 5222Oo4o.34
|o|o|n¸ Compeny- |¹|C ||m||co 144260262.95 o77oO128.13
|cpos||s, rc|cn||on moncy from con|rec|ors
eno o|hcrs 26036331.99 1525o32O.45
|css: ben| ocpos||s/lnvcs|mcn|s hc|o es
sccur||y 899476.00 12555OO.OO
1134017409.77 22812O789.93
O|hcr ||ec|||||cs 39832174.15 182329O1.38
Total 1173849583.92 24o353o91.31
Schedule 13
PROVISIONS
|mp|oycc ccncn|s
/s pcr |es| ce|encc shcc| 24822209.00 1554773O.OO
/oo|||ons our|n¸ |hc ycer 5783269.00 1295347O.OO
/moun|s pe|o our|n¸ |hc ycer (543255.00) 3o78991.OO
/moun|s rcvcrsco our|n¸ |hc ycer
30062223.00 248222O9.OO
Total 30062223.00 248222O9.OO
,/moun| |n `)
For the year
ended March
31, 2011
|or |hc ycer
cnoco Verch
31, 2O1O
Schedule 14
SALES
|ncr¸y Se|cs ,|nc|uo|n¸ c|cc|r|c||y ou|y) 485486583.50 O.OO
Total 485486583.50 O.OO
Schedule 15
OTHER INCOME
Income from Others
ln|crcs| ,Gross) ,¹ex ocouc|co e| sourcc
` 8O2o72.OO, prcv|ous ycer ` 3O9OO9.OO)
lno|en cen|s 8301390.00 2933282.72
O|hcrs 901356.00 O.OO
V|scc||encous |ncomc 24587508.01 1752897.41
33790254.01 4o8o18O.13
|css: ¹rensfcrrco |o
|xpcno||urc our|n¸ cons|ruc||on pcr|oo
,nc|) - Schcou|c 21 8957273.97 4o8o18O.13
Total 24832980.04 O.OO
,/moun| |n `)
For the year
ended March
31, 2011
|or |hc ycer
cnoco Verch
31, 2O1O
Schedule 16
EMPLOYEES’ REMUNERATION AND
BENEFITS
Se|er|cs, ve¸cs, conus, e||ovenccs &
ccncn|s 186135763.54 148282311.53
Con|r|cu||on |o prov|ocn| eno o|hcr funos 15154372.00 9343938.41
\c|ferc cxpcnscs 15658643.01 981O7o1.39
216948778.55 1o7437O11.33
|css: ¹rensfcrrco |o cxpcno||urc our|n¸
cons|ruc||on pcr|oo ,nc|) 112854770.45 1o7437O11.33
- Schcou|c 21
Total 104094008.10 O.OO
Schedule 17
GENERATION, ADMINISTRATION & OTHER EXPENSES
|ovcr cher¸cs 320734.20 O.OO
|css: |ccovcrco from con|rec|ors &
cmp|oyccs 232815.13 O.OO
87919.07 O.OO
S|orcs consumco 266537.20 3231437.5o
|cn| o1o372.OO
|css:|ccovcr|cs - O.OO
0.00 o1o372.OO
|cpe|rs & me|n|cnencc
bu||o|n¸s 7614108.48 1727o77.98
||en| & mech|ncry
|ovcr s|e||ons 45957742.83 72185515.62
45957742.83 72185515.o2
O|hcrs 295803.21 45351.OO
lnsurencc 7206494.70 531oO32.OO
|e|cs eno |excs 63184.00 7o478O
\e|cr ccss & cnv|ronmcn| pro|cc||on ccss 316971.00 O.OO
¹re|n|n¸ & rccru||mcn| cxpcnscs 145257.00 2542O5.OO
|css: |ccs for epp||ce||on eno |re|n|n¸ 0.00 O.OO
145257.00 2542O5.OO
Commun|ce||on cxpcnscs 2018187.89 2o77138.57
¹revc|||n¸ cxpcnscs 12279241.68 8924O39.OO
¹cnocr cxpcnscs 2104294.00 oo2982.OO
|css: |ccc|p| from se|c of |cnocrs 188852.00 O.OO
1915442.00 oo2982.OO
|eymcn| |o euo||ors 109169.00 1O725O
/ovcr||scmcn| eno puc||c||y 19200.00 5485O.OO
Sccur||y cxpcnscs 53139482.22 43592273.57
|n|cr|e|nmcn| cxpcnscs 557529.87 3894OO
|xpcnscs for ¸ucs| housc 4395675.00 3535124.15
|css:|ccovcr|cs 59555.00 O.OO
4336120.00 3535124.15
/sh u||||se||on & mer|c||n¸ cxpcnscs 191094.75 O.OO
|css: Se|c of esh proouc|s 0.00 O.OO
191094.75 O.OO
boo|s eno pcr|oo|ce|s 75O1O.OO
|rofcss|one| cher¸cs eno consu||ency fccs 2104244.00 1OOo572.OO
|c¸e| cxpcnscs 15905100.00 252913.OO
||| h|rc eno o|hcr cher¸cs 934937.00 17O2o4.OO
|r|n||n¸ eno s|e||oncry 341366.84 o1Oo74.OO
||r|n¸ of vch|c|cs 9114310.26 4252O27.7o
V|scc||encous cxpcnscs 1033002.21 84oO8O.34
165952445.21 151297987.55
|css: ¹rensfcrrco |o |xpcno||urc our|n¸
cons|ruc||on pcr|oo ,nc|)
- Schcou|c 21 115274245.46 15O55o1o7.55
Total 50678199.75 74182O.OO
Spercs consump||on |nc|uoco |n rcpe|rs eno
me|n|cnencc
11679321.37 335Oo5oO
35
th
Annual Report 2010-2011 185
,/moun| |n `)
For the year
ended March
31, 2011
|or |hc ycer
cnoco Verch
31, 2O1O
Schedule 18
PROVISIONS
Ocso|c|c/||mun|||on |n |hc ve|uc of surp|us
s|orcs 336890.46 44712O.OO
Shor|e¸c |n cons|ruc||on s|orcs 0.00 4O495.OO
Sub-Total 336890.46 487o15.OO
|css : ¹rensfcrrco |o cxpcno||urc our|n¸
cons|ruc||on pcr|oo ,nc|)-Schcou|c 21
0.00 487o15.OO
Total 336890.46 O.OO
Schedule 19
INTEREST AND FINANCE CHARGES
Interest on :
|upcc |crm |oens 65324745.00 4O399O89.OO
Finance Charges :
ben| cher¸cs 1248700.68 13o1O42.OO
O|hcrs 913O.OO
1248700.68 137O172.OO
Sub-Total 66573445.68 417o92o1.OO
|css: ¹rensfcrrco |o cxpcno||urc our|n¸
cons|ruc||on pcr|oo ,nc|) - Schcou|c 21 28346418.52 417oO131.OO
Total 38227027.16 913O.OO
Schedule 20
PRIOR PERIOD INCOME/EXPENDITURE (NET)
INCOME
Se|cs 0.00 O.OO
EXPENDITURE
|cprcc|e||on (364688.93) 1O811327.OO
O|hcrs 228839o1.OO
(364688.93) 33o95288.OO
Net Expenditure/(Income) (364688.93) 33o95288.OO
|css: ¹rensfcrrco |o
|xpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|)-
Schcou|c 21 (363078.69) 33o95288.OO
Total (1610.24) O.OO
Schedule 21
EXPENDITURE DURING CONSTRUCTION PERIOD (NET)
/. |mp|oyccs rcmuncre||on eno o|hcr
ccncn|s
Se|er|cs, ve¸cs, e||ovenccs eno ccncn|s 98654556.23 148282311.53
Con|r|cu||on |o prov|ocn| eno o|hcr funos 6805127.00 9343938.41
\c|ferc cxpcnscs 7395087.22 981O7o1.39
Total (A) 112854770.45 1o7437O11.33
B. Other Expenses
|ovcr cher¸cs 0.00 O.OO
|css: |ccovcrco from con|rec|ors &
cmp|oyccs 145398.34 O.OO
(145398.34) O.OO
|cn| 0.00 o1o372.OO
|cpe|rs & me|n|cnencc
bu||o|n¸s 5961566.66 1727o77.98
O|hcrs 26286535.40 754o23O4.18
32248102.06 778Oo354.1o
lnsurencc 3963709.70 531oO32.2O
|e|cs eno |excs 316971.00 7o478O
Commun|ce||on cxpcnscs 887841.71 2o77138.37
¹revc|||n¸ cxpcnscs 6551190.92 8924O39.OO
¹cnocr cxpcnscs 2185523.00 oo2982.OO
|css: lncomc from se|c of |cnocrs 106852.00 O.OO
2078671.00 oo2982.OO
|eymcn| |o euo||ors 35526.00 1O725O
/ovcr||scmcn| eno puc||c||y 19200.00 5485O.OO
Sccur||y cxpcnscs 42793191.58 43592273.52
,/moun| |n `)
For the year
ended March
31, 2011
|or |hc ycer
cnoco Verch
31, 2O1O
Schedule 21 (Cont.)
|n|cr|e|nmcn| cxpcnscs 178936.00 3894OO
Gucs| housc cxpcnscs 2449000.00 3535124.4O
boo|s eno pcr|oo|ce|s 0.00 75O1O.OO
|rofcss|one| cher¸cs eno consu||ency fcc 1677759.00 1OOo572.OO
|c¸e| cxpcnscs 15905100.00 252913.OO
||| ||rc eno o|hcr cher¸cs 6000.00 17O2o4.OO
|r|n||n¸ eno s|e||oncry 207032.60 o1Oo74.OO
V|scc||encous cxpcnscs 6101412.23 5O981O8.1O
Total (B) 115274245.46 151O43782.75
C. Depreciation 8186147.77 1o273oO5.9o
Total (A+B+C) 236315163.68 3347544OO.O4
D. Interest and Finance Charges
ln|crcs| on
|upcc |crm |oens 28142372.84 4O399O89.OO
O|hcrs 204045.68 13o1O42.OO
Total ,|) 28346418.52 417oO131.OO
E. Less: Other Income
ln|crcs| from
lno|en cen|s 7495910.00 2933282.72
V|scc||encous |ncomc 1461363.97 1752897.41
TOTAL (E) 8957273.97 4o8o18O.13
F. Prior Period Adjustments (363078.69) 33o95288.OO
GRAND TOTAL (A+B+C+D-E+F) 255341229.54* 4O5523o38.91
* be|encc cerr|co |o Cep||e| \or|-|n-pro¸rcss - ,Schcou|c 5)
Schedule-22
Notes on Accounts:
1. ¹hc Ofncc of |hc Comp|ro||cr & /uo||or Gcncre| of lno|e cxprcssco en op|n|on
|he| |hc re|cs of ocprcc|e||on no||nco cy |hc C||C she|| cc fo||ovco cy |hc
Compeny for prov|o|n¸ ocprcc|e||on |n |hc eccoun|s |ns|ceo of |hc re|cs es pcr
|hc Compen|cs /c|, 195o |n rcspcc| of ¸cncre||n¸ essc|s. /ccoro|n¸|y, |hc
Compeny rcv|sco ||s eccoun||n¸ po||c|cs rc|e||n¸ |o cher¸|n¸ of ocprcc|e||on
v.c.f 1s| /pr|| 2OO9 cons|ocr|n¸ |hc re|cs eno mc|hooo|o¸y no||nco cy |hc
C||C for oc|crm|ne||on of |er|ff |hrou¸h |c¸u|e||ons, 2OO9. ln cesc of ccr|e|n
essc|s, |hc Compeny hes con||nuco |o cher¸c h|¸hcr ocprcc|e||on cesco on
|cchn|ce| esscssmcn| of uscfu| ||fc of |hosc essc|s. Conscqucn| |o |h|s chen¸c,
pr|or pcr|oo ocprcc|e||on vr|||cn cec| |s ` 3,o4,o88/-. |cprcc|e||on for |hc ycer
cnoco 31
s|
Verch 2O11 |s |ovcr cy ` o5,8o,o33/- . /s e rcsu||, |oss ccforc |ex for
|hc ycer cnoco 31
S|
Verch 2O11 |s |ovcr cy ` o5,8o,o33/-
2. ,|) bo|h |hc un||s of |hc |rensfcrrco s|e||on vcrc unocr rcnove||on &
moocrn|ze||on s|ncc |hc oe|c of |rensfcr. 0n|| no-2 of |hc s|e||on hes cccn
occ|erco unocr commcrc|e| opcre||on s|ncc 15.1O.2O1O eno
` 1,435,2O2,5o7/- rc|e|co |o un|| no-2 cep||e||zco on 14.1O.2O1O.
,||) ¹hc |nnrm povcr ¸cncre|co from |hc un||-O2 ,1 x 11O V\) of p|en| our|n¸
|hc s|ec||||y pcr|oo ,up|o 14.1O.2O1O) hes cccn eccoun|co e| mu|ue||y
e¸rcco re|c of ` 3.o5 p/|\h cc|vccn bS|b & |b0||. |ncr¸y Cher¸cs
eccruco eno rc|e|co cxpcnscs |nc|uo|n¸ fuc| & o|hcr o|rcc| cxpcnscs
our|n¸ s|ec|||ze||on pcr|oo hes cccn eccoun|co es prc-comm|ss|on|n¸
|ncomc/cxpcno||urc. ln-nrm povcr scn| ou| our|n¸ |hc |./.2O1O-11,up|o
14.1O.2O1O) |s 1o9.29 mu ,prcv|ous ycer 39omu).
3. /s pcr |hc VO0 o|.9
|h
Vey 2OOo, Gov|. of lno|e senc||onco e ¸ren| of ` 35O.OO
crorc |hrou¸h Gov| of b|her for rcnove||on & moocrn|ze||on of |hc |e|cn ovcr
s|e||on unocr |Sv/ ¸ren|. V/s b||| hes cccn pe|o en eovencc of ` 24O crorcs
|||| 31.O3.2O11 eno |b0|| hes cccn pe|o ` 55 crorcs ou| of |hc senc||onco
emoun| eno |hc semc hevc cccn eccoun|co es 'Gren|s-|n-/|o' |n Schcou|c 2 es
Cep||e| |cscrvc.
4. ,|) ¹er|ff pc||||on hes cccn n|co v||h C||C for nxe||on of |er|ff for |hc pcr|oo
15.1O.2O1O |o 31.O3.2O14 v|oc |er|ff pc||||on oe|co O7.1O.2O1O.ln |hc
mcen||mc |hc c||||n¸ eno eccoun||n¸ for |hc pos| CO| pcr|oo |:c
15.1O.2O1O |o 31.1O.2O11 emoun||n¸ |o ` 38.95 crorc hes cccn meoc e|
|hc re|c of ` 3.o5/un||, |hc mu|ue||y e¸rcco re|c cc|vccn |b0|| eno bS|b
,epp||cec|c for prc-comm|ss|on|n¸ pcr|oo) suc¦cc| |o rc|rospcc||vc
eo¦us|mcn| on nne| |er|ff no||nce||on cy C||C.
35
th
Annual Report 2010-2011 18o
con|rec|ors eno me|cr|e| |ssuco on |oen |n so fer es |hcsc hevc s|ncc no|
cccn rce||zco/o|scher¸co or eo¦us|co erc suc¦cc| |o connrme||on /
rcconc|||e||on eno conscqucn||e| eo¦us|mcn|, |f eny.
,||) ln |hc op|n|on of |hc mene¸cmcn|, |hc ve|uc of currcn| essc|s, |oens eno
eovenccs on rce||ze||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|.
17. lnforme||on pursuen| |o V|n|s|ry of |nv|ronmcn| & |orcs|s no||nce||on no. s. o.
28O4,|) |cv |c|h| |hc 3
ro
|ovcmccr, 2OO9 for esh:
,|) 0n|| no.-2 ,1*11OV\) hes cccn occ|erco for commcrc|e| opcre||on
v.c.f:15/1O/2O1O.
,||) On|y s|urry esh ¸cncre|co ,1.8O |ecs.V¹) & |hcrc |s no se|c of esh.
,|||) |ono & S|urry esh |s usco for s||c n|||n¸ of erce for S|e¸c-ll ,2x195V\) of
|b0||.
,|v) |or usc of |ono esh vor| shop ves or¸en|zco on O2.2O1O v||h cr|c|
menufec|urcrs eno o|hcrs.
18. lnforme||on pursuen| |o |er| lv of Schcou|c vl of |hc Compen|cs /c|, 195o.
BALANCE SHEET ABSTRACT AND COMPANY’S GENERAL BUSSINESS PROFILE
I. Registration Details S|e|c Cooc : O 5 5
|c¸|s|re||on |o. 0 4 O 1 O 2 | | 2 O O o G O l 1 5 3 1 o 7
|e|c Von|h /cer
be|encc-Shcc| oe|c 3 1 O 3 2 O 1 1
II. Capital Raised during the year (Amount in ` Thousands)
|uc||c lssuc ||¸h| |ssuc
| l | | l |
bonus lssuc |r|ve|c ||eccmcn|
| l | | l |
III. Position of Mobilization and Deployment of funds (Amount in ` Thousands)
¹o|e| ||ec||||y ¹o|e| /ssc|s
7 O 3 8 2 O 8 7 O 3 8 2 O 8
Source of Funds
|e|o-up Cep||e| |cscrvcs & Surp|us
8 8 5 O 7 5 2 9 8 O 4 8 O
Sccurco |oens 0nsccurco |oens
o 1 1 1 3 O | l |
Application of Funds
|c| ||xco /ssc|s lnvcs|mcn|
7 3 O 4 2 7 4 | l |
|c| Currcn| /ssc|s V|sc. |xpcno||urc
,-) 4 1 2 o 7 2 | l |
IV. Performance of Company(Amount in ` Thousands)
¹urnovcr ¹o|e| |xpcno||urc
4 8 5 4 8 o o 5 o 4 o 9
|ron|/|oss ccforc ¹ex |ron|/|oss ef|cr ¹ex
,-) 1 4 5 8 2 7 ,-) 1 4 5 8 2 7
|ern|n¸ pcr sherc |n ` ||v|ocno |e|c%
,-) 1 . o o | l |
V. Generic Name of three Principal Product/Services of Company
,/s pcr monc|ery |crms)
|roouc| |cscr|p||on: l|cm Cooc |o.
G | | | | / ¹ l O | O F | | | C ¹ | l C l ¹ Y | /
|or & On bche|f of |hc boero of ||rcc|ors
/s pcr our rcpor| of cvcn oe|c
|or G|/ & /ssoc|e|cs
Cher|crco /ccoun|en|s
(S.K. Agarwal) (Ruchi Aggarwal) (P.K. Rai) (A.R. Choudhury)
|er|ncr Compeny Sccrc|ery ||rcc|or Che|rmen
V. |o O9359O
||ecc: |cv |c|h|
|e|co: 2
no
Vey, 2O11
,||) v|oc c|eusc no. 2.2.3 of |ovcr purchesc e¸rccmcn| , |hc s|n¸|c ccncnc|ery
|.c. bS|b |s ||ec|c |o pey |hc cn||rc cepec||y cher¸cs for eny rcouc||on |n
¸cncre||on on eccoun| of non peymcn| of oucs. ln ||nc v||h |hc ||/ c|eusc,
cepec||y cher¸cs for |hc pcr|oo of p|en| shu|oovn our|n¸ pos| CO|
pcr|oo ouc |o non eve||ec||||y of fuc| conscqucn| |o non peymcn| of oucs
cy bS|b emoun||n¸ |o ` 1O,oO,O8,855/- c|||co eno eccoun|co.
5. ||sc|osurc /s |cr eccoun||n¸ S|enoero-15
|mp|oyccs' rcmuncre||on eno ccncn|s |nc|uocs ` 29,o97,O49/-,prcv|ous ycer
` 17,7O5,599/-) |n rcspcc| of ¸re|u||y, |cevc, pos| rc||rcmcn| mco|ce| fec||||y,
|rensfcr |revc||n¸ e||ovencc on rc||rcmcn| / oce|h, |on¸ scrv|cc evero |o
cmp|oyccs, fercvc|| ¸|f| on rc||rcmcn| eno fem||y cconom|c rchec||||e||on
schcmc es eppor||onco cy |hc |o|o|n¸ Compeny |.c. |¹|C ||m||co on ec|uer|e|
ve|ue||on ces|s e| |hc cno of |hc ycer eno for cmp|oycc on ocpu|e||on from
bS|b {` 19,O58,Ooo/-,prcv|ous ycer ` 13,957,oo4/-)].
o. Related Party Disclosures:
|cmuncre||on |o |cy mene¸cmcn| pcrsonnc| for |hc ycer |s |l|
,prcv|ous ycer |l|)
7. Operating leases-
¹hc Compeny's s|¸n|ncen| |ces|n¸ erren¸cmcn|s erc |n rcspcc| of opcre||n¸
|cescs of |rcm|scs for rcs|ocn||e| usc of cmp|oyccs. ¹hcsc |ces|n¸ erren¸cmcn|s
erc usue||y rcncvec|c on mu|ue||y e¸rcco |crms cu| erc no| non-cencc|ec|c.
|mp|oycc's rcmuncre||on eno ccncn|s |nc|uoc ` 45,11,244/-,|rcv|ous /cer
` 53,5O,838/-) |overos |cesc peymcn|s, nc| of rccovcr|cs, |n rcspcc| of prcm|scs
for rcs|ocn||e| usc of cmp|oyccs.
8. Earning per share :-
¹hc c|cmcn|s cons|ocrco for ce|cu|e||on of |ern|n¸ pcr Sherc ,bes|c eno
|||u|co) erc es unocr:
Current year |rcv|ous ycer
|c| |ron| ef|cr |ex usco es numcre|or ,` ) (145827323) ,75O95O)
\c|¸h|co evcre¸c numccr of cqu||y shercs
usco es ocnom|ne|or 88507537 5913O98
|ern|n¸ pcr sherc ,`) (1.65) ,O.13)
|||u|co |ern|n¸ |cr Sherc ,`) - -
|ecc ve|uc pcr sherc ,`) 10/- 1O/-
9. |eymcn| |o |hc S|e|u|ory euo||ors:-
Current Year |rcv|ous /cer
/uo|| |cc ,`) 55150 35332
Ccr||nce||on |cc ,`) 33090
1O. ln|crcs| peyec|c |o V|cro, Sme|| & Vco|um sce|c |n|crpr|scs |s |l|.
11. |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 ` 1225.O2 Crorcs ,|rcv|ous /cer 139.12
Crorcs).
12. ve|uc of componcn|s, s|orcs eno spercs per|s consumco ,|no|¸cnous)
` 82O9.83 |e|hs ,prcv|ous ycer ` 1O723.8o |e|hs)
13. ,|) ||ccnsco cepec||y ÷ |o| epp||cec|c.
,||) lns|e||co cepec||y ÷ 2x11O V\ ,S|ncc 15.1O.2O1O onc un|| no. O2 hes cccn
occ|erco for commcrc|e| opcre||on eno 0n|| no 1 |s unocr |cnove||on &
Voocrn|ze||on).
,|||) Ouen|||e||vc |nforme||on |n rcspcc| of Gcncre||on eno Se|c of ||cc|r|c||y :
|rc-Comm|ss|on|n¸ |cr|oo
,O1.O4.1O-14.1O.1O)
Current year |rcv|ous ycer
Gcncre||on ,|n V0s) 199.40 4o1
Se|cs ,|n V0s) 169.29 39o
Commcrc|e| pcr|oo: ,14.1O.1O |o 31.O3.11)
Gcncre||on ,|n V0s) 120.17 |l|
Se|cs ,|n V0s) 103.94 |l|
14. ||¸urcs hevc cccn rounoco off |o ncercs| rupcc.
15. |rcv|ous ycer n¸urcs hevc cccn rc¸roupco /rcerren¸co vhcrcvcr ncccssery.
1o. ,|) be|enccs shovn unocr eovenccs, crco||ors eno me|cr|e| |y|n¸ v||h
35
th
Annual Report 2010-2011 187
CASH FLOW STATEMENT FOR THE YEAR ENDED 31
st
MARCH, 2011
/moun| ,`)
For the year
ended March
31, 2011
|or |hc ycer
cnoco Verch
31, 2O1O
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Pro?t/(Loss) before tax and Prior
Period Adjustments
(145826762) ,75O95O)
Adjustment for:
|cprcc|e||ons 116929795 O
|rov|s|ons 336890 O
ln|crcs| |ncomc (8301390) 108965295 O
Operating Pro?t before Working Capital
Changes
(36861467) ,75O95O)
Adjustment for:
¹reoc eno o|hcr rccc|vec|cs (299684317) ,89497452)
lnvcn|or|cs (14859804) 2119918O
¹reoc |eyec|cs & O|hcr
||ec|||||cs
932735907 ,1721O37o7)
|oens & eovenccs (96195918) 11o5oo353
O|hcr Currcn| /ssc|s (2266876) 519728992 ,2277424)
Cash generated from operations 482867525 ,12o8o4OoO)
lncomc ¹ex//ovencc ¹ex |e|o 0 ,oo8o77)
Net Cash from Operating Activities - A 482867525 ,127532737)
B. CASH FLOW FROM INVESTING ACTIVITIES
||xco Cep||e| |xpcno||urc (4258495216) ,9Oo9OOO91)
Net Cash Flow from Investing Activities - B (4258495216) ,9Oo9OOO91)
C. CASH FLOW FROM FINANCING ACTIVITIES
|rocccos from |oen 227398542 o3O45351
Gren|s-|n-e|o rccc|vco 1105573106 75OOOOOOO
ln|crcs| |ncomc 8301390 O
|rocccos from lssuc of Sherc Cep||e|/Sherc
Cep||e| |cpos||
2517722337 313O7537O
Net Cash Flow from Financing Activities - C 3858995375 112o12O721
Net increase/Decrease in cash and cash
equivalents (A+B+C)
83367685 91o87893
Cash and cash equivalents (Opening
Balance)
140862411 49174518
Cash and cash equivalents (Closing
Balance)
224230096 14O8o2411
|O¹|S:
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 n¸urcs hevc cccn rc¸roupco/rcerren¸co vhcrcvcr ncccssery.
|or & On bche|f of |hc boero of ||rcc|ors
/s pcr our rcpor| of cvcn oe|c
|or G|/ & /ssoc|e|cs
Cher|crco /ccoun|en|s
(S.K. Agarwal) (Ruchi Aggarwal) (P.K. Rai) (A.R. Choudhury)
|er|ncr Compeny Sccrc|ery ||rcc|or Che|rmen
V. |o O9359O
||ecc: |cv |c|h|
|e|co: 2
no
Vey, 2O11
AUDITOR’S REPORT
¹o |hc Vcmccrs of
|/|¹l bl!||| 0¹|/|/| |lG/V |¹|.
1. \c hevc euo||co |hc e||echco be|encc Shcc| of KANTI BIJLEE UTPADAN
NIGAM LTD. ,e Sucs|o|ery of |¹|C ||o.) es e| 31
s|
Verch 2O11, |hc |ron| eno
|oss /ccoun| eno e|so |hc cesh nov s|e|cmcn| for |hc pcr|oo cnoco on |he|
oe|c enncxco |hcrc|o. ¹hcsc nnenc|e| s|e|cmcn|s erc |hc rcspons|c||||y of
compeny's mene¸cmcn|. 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. ¹hosc 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 mene¸cmcn|, 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 pere¸rephs 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|co¸c 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) ¹hc be|encc Shcc|, |ron| eno |oss /ccoun| eno Cesh ||ov S|e|cmcn|
oce|| cy |h|s rcpor| erc |n e¸rccmcn| v||h |hc coo|s of eccoun|s.
,o) ln our op|n|on, |hc be|encc Shcc|, |ron| eno |oss /ccoun| eno Cesh
||ov S|e|cmcn|, suc¦cc| |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, prov|s|on of
c|eusc ,¸) or 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 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 : -
,|) |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, 2O11
,||) |n |hc cesc of |hc |ron| & |oss /ccoun|, of |hc |oss of |hc Compeny
for |hc pcr|oo cnoco on |he| oe|c eno
,|||) ln |hc cesc of Cesh ||ov S|e|cmcn|, of |hc cesh nov for |hc pcr|oo
cnoco on |he| oe|c.
|or G|/ & /ssoc|e|cs
Cher|crco /ccoun|en|s
,Shyem ||shor /¸erve|)
||ecc : |cv |c|h| |er|ncr
|e|c : O3-O5-2O11 V. |o. O9359O
ANNEXURE TO AUDITORS’ REPORT
{|cfcrrco |o |n pere¸reph ,3) of our rcpor| of cvcn oe|c]
|c : |/|¹l bl!||| 0¹|/|/| |lG/V |¹|.
,|) ,e) ¹hc compeny hes cccn formco |o |e|c ovcr |hc essc|s of Vuzefferpur
|ovcr S|e||on from bS|b, |hc nxco essc|s rccoros of |hc semc hes cccn
me|n|e|nco eno phys|ce| vcr|nce||on hes cccn oonc. |ovcvcr |n cesc of
purchescs meoc cy |hc compeny, |hc rccoros rc¸ero|n¸ |hc semc erc
cc|n¸ me|n|e|nco. ln v|cv of |hc ecovc |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) ¹hcrc |s e rc¸u|er pro¸rem of vcr|nce||on, vh|ch, |n our op|n|on, |s
rcesonec|c hev|n¸ rc¸ero |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) ¹hc compeny hes cccn formco |o |e|c ovcr |hc essc|s of Vuzefferpur
|ovcr S|e||on from bS|b, |hc nxco essc|s rccoros of |hc semc hes cccn
me|n|e|nco eno phys|ce| vcr|nce||on hes cccn oonc. |ovcvcr |n cesc of
purchescs meoc cy |hc compeny, |hc rccoros rc¸ero|n¸ |hc semc erc
cc|n¸ me|n|e|nco |n v|cv of |h|s |nvcn|ory hes cccn phys|ce||y vcr|nco
our|n¸ |hc ycer cy |hc mene¸cmcn|. ln our op|n|on, |hc frcqucncy of
vcr|nce||on |s rcesonec|c.
,c) ¹hc proccourcs of phys|ce| vcr|nce||on of |nvcn|ory fo||ovco cy |hc
mene¸cmcn| 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.
35
th
Annual Report 2010-2011 188
,c) ¹hc compeny |s me|n|e|n|n¸ propcr rccoros of |nvcn|ory. ¹hc
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) ¹hc 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) ¹hc compeny hes |e|cn sccurco |oen from |¹|C ||s ho|o|n¸ compeny. ¹hc
mex|mum emoun| |nvo|vco our|n¸ |hc ycer ves ` 27,72,87,915/- eno |hc
ycer-cno ce|encc of |oens |e|cn from such per|y ves ` 21,71,42,858/-.
,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, prc¦uo|c|e| |o |hc |n|crcs| of |hc compeny.
,¸) ¹hc compeny |s rc¸u|er |n rcpey|n¸ |hc pr|nc|pe| emoun|s es s||pu|e|co
eno hes cccn rc¸u|er |n |hc peymcn| of |n|crcs|.
,|v) ln our op|n|on eno eccoro|n¸ |o |hc |nforme||on eno cxp|ene||ons ¸|vcn |o us,
|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 rc¸ero |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 me¦or
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 ¹r|cune| or |cscrvc ben| of lno|e or eny Cour| or eny
o|hcr ¹r|cune|.
,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|ncsscs.
,v|||) /ccoro|n¸ |o |hc |nforme||on eno cxp|ene||on ¸|vcn |o us eno on |hc ces|s
of rccoros prooucco for our vcr|nce||on, vc erc of |hc op|n|on |he| |hc
me|n|cnencc of cos| rccoros unocr Scc||on 2O9,1),o) of |hc Compen|cs /c|,
195o, erc no| epp||cec|c on |hc compeny.
,|x) ,e) /ccoro|n¸ |o |hc |nforme||on eno cxp|ene||ons ¸|vcn |o us, |hc compeny
|s rc¸u|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 ¹ex, 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 eny o|spu|c.
,x) |o| epp||cec|c es |hc compeny hes cccn formco on|y on o|h Scp|cmccr, 2OOo
eno e pcr|oo of morc |hen nvc ycers hes no| c|epsco s|ncc ||s rc¸|s|re||on.
,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 e nnenc|e| |ns|||u||on,
cen| or occcn|urc ho|ocrs.
,x||) ¹hc compeny hes no| ¸ren|co eny |oens or eovenccs on |hc ces|s of sccur||y cy
vey of p|co¸c 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.
¹hcrcforc, |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| |hc 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 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 G|/ & /ssoc|e|cs
Cher|crco /ccoun|en|s
,Shyem ||shor /¸erve|)
||ecc : |cv |c|h| |er|ncr
|e|c : O3-O5-2O11 V. |o. O9359O
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
2011.
¹hc prcpere||on of nnenc|e| s|e|cmcn|s of |/|¹l bl!||| 0¹|/|/| |lG/V |¹|., |cv
|c|h|, for |hc ycer cnoco 31 Verch 2O11 |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
mene¸cmcn| of |hc Compeny. ¹hc 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. ¹h|s |s s|e|co |o hevc cccn oonc cy |hcm v|oc
|hc|r /uo|| |cpor| oe|co 3 Vey 2O11.
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 |/|¹l bl!||| 0¹|/|/|
|lG/V |¹|., |cv |c|h| for |hc ycer cnoco 31 Verch 2O11 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: 1o
|h
Vey, 2O11
|or eno on cche|f of |hc
Comp|ro||cr & /uo||or Gcncre| of lno|e
,V. |. b|sves)
|r|nc|pe| ||rcc|or of Commcrc|e| /uo|| eno
|x-ofnc|o Vcmccr /uo|| boero-lll, |cv |c|h|
35
th
Annual Report 2010-2011 189
BHARTIYA RAIL BIJLEE COMPANY LIMITED
DIRECTORS’ REPORT
|cer Vcmccrs,
/our ||rcc|ors hevc p|cesurc |n prcscn||n¸ |hc |our|h /nnue| |cpor| on |hc vor||n¸
of |hc Compeny |o¸c|hcr v||h /uo||co /ccoun|s eno /uo||ors' |cpor| |hcrcon for
|hc ycer cnoco 31
s|
Verch 2O11.
OPERATIONAL REVIEW
/our Compeny |s sc|||n¸ up 4×25O V\ |ovcr |ro¦cc| e| |ec|ne¸er, 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
pro¦cc|, 159o.94 ecrcs of |eno ves |o cc ecqu|rco, ou| of vh|ch 1328.15 ecrcs of
|eno hes cccn ecqu|rco. ¹hc Compeny |s |n |hc proccss of ecqu|r|n¸ ce|encc |eno
of 2o8.79 ecrcs. Ou| of |o|e| ecqu|rco |eno, for 1O4O.9o ecrcs of |eno, mu|e||on hes
cccn comp|c|co eno for ce|encc 287.18 ecrcs of |eno, mu|e||on |s |n pro¸rcss. /||
me¦or con|rec|s for |hc eforcse|o povcr pro¦cc| hevc cccn everoco cxccp| |he| for
|ocomo||vcs. |uc |o non-eve||ec||||y of |eno for commcnccmcn| of vor| cy b||| es
pcr |hc con|rec|ue| schcou|c, |hc Compeny meoc o|scuss|ons v||h b||| for rcv|sco
cffcc||vc oe|c eno ||mc for comp|c||on of fec|||||cs eno nne||y e¸rcco e| rcv|sco
|ns|e||e||on pr|ccs for cxccu||on of con|rec|.
/our Compeny hes e|so s|¸nco |ovcr |urchesc /¸rccmcn| v||h V|n|s|ry of |e||veys
for e||oce||on of 9O% of povcr eno v||h b|her S|e|c ||cc|r|c||y boero for e||oce||on
of ce|encc 1O% povcr.
¹hc Compeny hes ||co up |oen v||h |ure| ||cc|r|nce||on Corpore||on eno |ovcr
||nencc Corpore||on ||m||co emoun||n¸ |o ` 374o.75 crorc, vh|ch |s 7O% of |hc |o|e|
cos| of |hc |ro¦cc|.
/s e proec||vc mcesurc of sccur|n¸ coe| for |hc pro¦cc|, |hc Compeny |s ec|c |o ¸c|
|c||cr of /ssurencc from Ccn|re| Coe|nc|os ||m||co for 5 V||||on ¹onncs |cr /nnum
of Coe| on 15.11.2O1O.
FINANCIAL REVIEW
¹hc nnenc|e| h|¸h||¸h|s of |hc Compeny for |hc ycer cnoco on 31
s|
Verch 2O11 erc
es unocr:-
,`)
Particulars FY 2010-11 FY 2009-10
|e|o-up Sherc Cep||e| 4,8O,OO,OO,OOO 4,OO,OO,OO,OOO
Sherc Cep||e| |cpos|| |cno|n¸ /||o|mcn| 2,91,4o,39,OOO 1,4o,15,39,OOO
Sccurco |oens 1,24,55,31,352 -
|c| b|oc| 1,82,22,O1,517 1,4o,41,23,5O1
Cep||e| \or| |n |ro¸rcss 2,O4,43,59,389 82,43,59,877
Cons|ruc||on S|orcs & /ovenccs 4,12,91,52,39o 3,Oo,5o,7o,o91
Currcn| /ssc|s, |oens eno /ovenccs 1,43,47,28,932 19,91,3O,94O
Currcn| ||ec|||||cs 47,53,9O,87O 9,oo,39,o13
|c| Currcn| /ssc|s 95,93,38,Oo2 1O,24,91,327
|oss 51,18,988 48,87,oO4
|ern|n¸ |cr Sherc O.OO O.OO
¹hc nnenc|e| s|e|cmcn|s eno |hc pcrformencc of |hc Compeny hevc cccn o|scussco
|n |hc Vene¸cmcn| ||scuss|on & /ne|ys|s scc||on vh|ch |s e| /nncx-1 |o |h|s
|cpor|.
AUDIT COMMITTEE
/n /uo|| Comm|||cc of |hc boero of ||rcc|ors of |hc Compeny ves cons|||u|co
|n eccoroencc v||h Scc||on 292/ of |hc Compen|cs /c|, 195o compr|s|n¸ S/ Shr|
b.|. S|n¸h, |.|.S. Geh|ov| eno Suoh|r |umer Sexcne, ||rcc|ors es mcmccrs of |hc
Comm|||cc. |ur|n¸ |hc nnenc|e| ycer, onc mcc||n¸ of |hc /uo|| Comm|||cc ves hc|o
on O5.2O1O.
FIXED DEPOSITS
¹hc Compeny hes no| ecccp|co eny nxco ocpos|| our|n¸ |hc pcr|oo cno|n¸ 31
s|

Verch 2O11.
PARTICULARS OF EMPLOYEES
¹hcrc cc|n¸ no cmp|oycc |n |hc Compeny v||h cern|n¸ ovcr ` S|x|y |ec |n e¸¸rc¸e|c
|f cmp|oyco |hrou¸hou| |hc ycer or ` ||vc |ec pcr mon|h |n e¸¸rc¸e|c, |f cmp|oyco
for per| of |hc ycer, |hc per||cu|ers of cmp|oyccs es prcscr|cco 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 no| rcqu|rco |o cc furn|shco.
AUDITORS’ REPORT
¹hc Comp|ro||cr & /uo||or Gcncre| of lno|e |hrou¸h |c||cr oe|co 15
|h
!u|y 2O1O hes
eppo|n|co V/s |.S. Veoen & Co., Cher|crco /ccoun|en|s es S|e|u|ory /uo||ors of |hc
Compeny for |hc ||nenc|e| /cer 2O1O-11. ¹hc 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
¹hc Comp|ro||cr & /uo||or Gcncre| of lno|e ,C&/G) |hrou¸h |c||cr oe|co 27
|h
Vey
2O11 hes convcyco |he| e supp|cmcn|ery euo|| ves conouc|co unocr Scc||on o19,3)
,c) of |hc Compen|cs /c|, 195o of |hc nnenc|e| s|e|cmcn|s of |hc Compeny for |hc
ycer cnoco 31 Verch 2O11. On |hc ces|s of euo|| no|h|n¸ s|¸n|ncen| hes comc |o |hc
|nov|co¸c of C&/G 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.
/s eov|sco cy |hc ofncc of |hc C&/G, |hc ecovc commcn|s of C&/G eno
Vene¸cmcn| |cp||cs' |hcrc|o on |hc eccoun|s for |hc ycer 2O1O-11 erc cc|n¸ p|ecco
v||h |hc rcpor| of |hc S|e|u|ory /uo||ors.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNING & OUTGO
/s e mcesurc |o conscrvc cncr¸y, |hc Compeny hes |ns|e||co so|er ||¸h|s |n |hc
effcc|co v|||e¸cs. |ur|n¸ |hc pcr|oo unocr rcv|cv |hc Compeny heo no cern|n¸ |n
forc|¸n currcncy. |ovcvcr, |hcrc ves en ou|¸o of |uro 3,o5,o93/-.
DIRECTORS’ RESPONSIBILITY STATEMENT
|ursuen| |o Scc||on 217,2//) of |hc Compen|cs /c|, 195o, your ||rcc|ors connrm
|he|:
|n |hc prcpere||on of |hc ennue| eccoun|s for |hc ycer cnoco 31 |)
s|
Verch 2O11,
|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,
|hc ||rcc|ors heo sc|cc|co such eccoun||n¸ po||c|cs eno epp||co |hcm ||)
cons|s|cn||y eno meoc ¦uo¸mcn|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| |hc cno of 31
s|
Verch 2O11 eno of |hc |oss of |hc compeny for |hc se|o
pcr|oo,
|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 sefc¸uero|n¸ |hc essc|s of |hc compeny eno for
prcvcn||n¸ eno oc|cc||n¸ freuo eno o|hcr |rrc¸u|er|||cs, eno
¹hc ||rcc|ors heo prcperco |hc ennue| eccoun|s for |hc ycer cnoco 31 |v)
s|
Verch
2O11, on ¸o|n¸ conccrn ces|s.
DIRECTORS
Shr| Chenoen |oy ccesco |o cc |hc Che|rmen of |hc Compeny v.c.f. 31.O7.2O1O on
e||e|n|n¸ |hc e¸c of supcrennue||on. Shr| b.|. S|n¸h, ||rcc|or ,|ro¦cc|s) hes |e|cn ovcr
es |hc Che|rmen of |hc Compeny v.c.f. 2O.O8.2O1O
Shr| /.|. S|n¸he| ccesco |o cc |hc ||rcc|or of |hc Compeny v.c.f. 2O.O8.2O1O eno
Shr| |.|.S. Geh|ov|, |xccu||vc ||rcc|or, |¹|C ves nom|ne|co es e ||rcc|or on |hc
boero of your Compeny v.c.f. 2O.O8.2O1O.
Shr| G.!. |cshpenoc ccesco |o cc |hc ||rcc|or of |hc Compeny v.c.f. O9.12.2O1O on
h|s |rensfcr from |e|ne |o |cv |c|h| eno |n h|s p|ecc Shr| 0.|. |en|, |xccu||vc ||rcc|or
ves eppo|n|co es ||rcc|or on |hc boero v.c.f. O9.12.2O1O.
¹hc boero v|shcs |o p|ecc on rccoro ||s occp epprcc|e||on for |hc ve|uec|c scrv|ccs
rcnocrco cy S/ Shr| Chenoen |oy, /.|. S|n¸he| eno G.!. |cshpenoc our|n¸ |hc|r
essoc|e||on v||h your 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|co¸c 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. |¹|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|.
|or eno on cche|f of |hc boero of ||rcc|ors
,b.|. S|n¸h)
Che|rmen
||/C|: |cv |c|h|
|/¹|: !u|y O7, 2O11
35
th
Annual Report 2010-2011 19O
RISK AND CONCERN
¹hc 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:
Hazard risks erc rc|e|co |o ne|ure| hezeros er|s|n¸ ou| of ne|urc of proouc|/opcre||on,
ecc|ocn|s eno ne|ure| ce|em|||cs |||c nrc, cer|hque|c or cyc|onc c|c.
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|o¸y eno non-comp||encc of
rc¸u|e|ory prov|s|ons.
/s |hc compeny |s |n cons|ruc||on phesc of pro¦cc| || |s no| cxposco |o e|| such
opcre||one| r|s|s.
INTERNAL CONTROL
¹hc Compeny hes rocus| |n|crne| sys|cms eno proccsscs for cfnc|cn| conouc| of
cus|ncss. l| |s fo||ov|n¸ oc|c¸e||on of povcrs es |s cc|n¸ fo||ovco |n |¹|C ||m||co.
¹hc 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 |¹|C ||m||co. ¹hc Compeny |s |n |hc proccss of
|mp|cmcn|e||on of S/| |n e|| moou|cs |||c ||, /ccoun||n¸, |n¸|nccr|n¸, c|c. vh|ch
v||| hc|p |n rc|r|cv|n¸ oe|e eno me|n|e|n|n¸ sys|cme||c cec|up.
FINANCIAL DISCUSSION AND ANALYSIS
/our Compeny hes prcperco |hc nnenc|e| s|e|cmcn|s 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 |hcrcunocr.
|ur|n¸ |hc ||nenc|e| /cer 2O1O-11, your compeny heo e||o||co 8 crorc shercs of
` 1O/- cech |o |¹|C ||o eno V|n|s|ry of |e||veys |n |hc re||o of 74:2o. Sherc Cep||e|
pcno|n¸ e||o|mcn| emoun|co |o ` 1,54,2o,39,OOO/- eno ` 1,37,2O,OO,OOO/- of
|¹|C ||m||co eno V|n|s|ry of |e||veys rcspcc||vc|y. ¹hc ¸ross c|oc| compr|s|n¸
|en¸|c|c eno |n|en¸|c|c essc|s emoun|co |o ` 1,83,45,21,271/- eno ef|cr cher¸|n¸
ocprcc|e||on of ` 1,23,19,754/-, |hc nc| c|oc| ves ` 1,82,22,O1,517/-. |cprcc|e||on
on |hc essc|s of |hc ¸cncre||on of c|cc|r|c||y cus|ncss |s cher¸co on s|re|¸h| ||nc
mc|hoo fo||ov|n¸ |hc re|cs eno mc|hooo|o¸y no||nco cy C||C |c¸u|e||ons 2OO9.
Conscqucn| |o |h|s chen¸c, pr|or pcr|oo ocprcc|e||on vr|||cn cec| |s ` oO,545/- eno
currcn| ycer ocprcc|e||on |s |ovcr cy ` 3,o9,O25/-. Conscqucn||y, nxco essc|s erc
h|¸hcr cy ` 4,29,57O/-.
¹hc cxpcnscs rc|e||n¸ |o |re|n|n¸ hevc cccn cher¸co |o |ron| eno |oss /ccoun|.
|xccp| |hc |re|n|n¸ cxpcnscs, cmp|oyccs rcmuncre||on & ccncn|s, eom|n|s|re||on
& o|hcr cxpcnscs, ocprcc|e||on, |n|crcs| & nnencc cher¸cs emoun||n¸ |o
` 25,O2,Oo,282/- hevc cccn cher¸co |o |xpcno||urc |ur|n¸ Cons|ruc||on /ccoun|
eno |rensfcrrco |o Cep||e| \or|-|n-pro¸rcss.
/our Compeny hes comp|c|co nnenc|e| c|osurc for |hc pro¦cc| cy |y|n¸ up |oen
of ` 2248 crorc eno ` 1498.75 crorc from |ovcr ||nencc Corpore||on ||m||co eno
|ure| ||cc|r|nce||on Corpore||on ||m||co rcspcc||vc|y eno hes orevn |oen emoun| of
` 1,24,55,31,352/- from |ovcr ||nencc Corpore||on ||m||co our|n¸ |hc ycer 2O1O-
11.
¹hc Ch|cf |xccu||vc Ofnccr of |hc Compeny ves pe|o ` 3O,14,114/- |overos se|er|cs,
e||ovenccs, con|r|cu||on |o ||, ¸re|u||y eno o|hcr ccncn|s our|n¸ |hc ycer |n eoo|||on
|o ccncn| of usc of cer for ofnc|e| eno pcrsone| purposcs on peymcn| of ` 78O pcr
mon|h.
HUMAN RESOURCE
|rcscn||y, |hc Compeny hes |o|e| s|rcn¸|h of 78 cmp|oyccs, ou| of vh|ch, 77
cmp|oyccs hevc cccn ocpu|co from |hc |o|o|n¸ Compeny |.c. |¹|C ||m||co eno 1
cmp|oycc hes 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 or¸en|se||on |hc compeny hes ocp|oyco 13 SC cmp|oyccs eno 5
S¹ cmp|oyccs ou| of |hc |o|e| s|rcn¸|h.
¹hc 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|ene¸er es e ¹cmporery ¹ovnsh|p un||| |crmencn|
¹ovnsh|p e| |hc s||c |s cons|ruc|co.
¹hc Compeny heo pe|o ` 12,97,3O,124/- |overos Se|er|cs, \e¸cs, /||ovenccs,
bcncn|s, Con|r|cu||on |o |rov|ocn| eno o|hcr |unos eno vc|ferc cxpcnscs.
REHABILITATION AND RESETTLEMENT PLAN
¹hc cons|ruc||on ec||v|||cs for cs|ec||sh|n¸ l¹l hevc cccn s|er|co vh|ch v||| hc|p
|/|s eno ncercy v|||e¸crs cnhenc|n¸ |hc|r s||||s. ¹hc Compeny hes occ|erco 5Om|r
|eno erouno |/|s rcs|ocnccs es homcs|ceo |eno for |hc purposc of ce|cu|e||n¸
compcnse||on for |eno ecqu|s|||on. /our Compeny hes e|so s|er|co s|||ch|n¸ eno
|n||||n¸ ccn|rcs for vomcn |n surrouno|n¸ v|||e¸cs v.c.f. O3.O4.2O11. Voc||c Vco|ce|
Ccn|rc hes e|so cccn s|er|co |n 7 v|||e¸cs erouno |hc s||c v.c.f. O3.O4.2O11.
Annex-1 to the Directors’ Report
MANAGEMENT DISCUSSION AND ANALYSIS
INDUSTRY SECTOR AND DEVELOPMENTS
lno|en |ovcr scc|or |s v||ncss|n¸ me¦or chen¸cs. Grov|h of |ovcr Scc|or |n lno|e
s|ncc ||s lnocpcnocncc hes cccn no|cvor|hy. |ovcvcr, |hc ocmeno for povcr hes
cccn ou|s|r|pp|n¸ |hc ¸rov|h of eve||ec||||y. Sucs|en||e| pce| eno cncr¸y shor|e¸cs
prcve|| |n |hc coun|ry. ¹h|s |s ouc |o |neocquec|cs |n ¸cncre||on, |rensm|ss|on &
o|s|r|cu||on es vc|| es |ncfnc|cn| usc of c|cc|r|c||y. vcry h|¸h |cvc| of |cchn|ce| eno
commcrc|e| |osscs eno |ec| of commcrc|e| epproech |n mene¸cmcn| of u||||||cs hes
|co |o unsus|e|nec|c nnenc|e| opcre||ons. Cross-sucs|o|cs hevc r|scn |o unsus|e|nec|c
|cvc|s. lneocquec|cs |n o|s|r|cu||on nc|vor|s hes cccn onc of |hc me¦or rcesons for
poor que|||y of supp|y.
GENERATION
Existing Installed Capacity
¹hc |o|e| |ns|e||co cepec||y |n |hc coun|ry es on Verch 31, 2O11 |s 173o2o.4O V\.
¹hc |o|e| |hcrme| cepec||y, |nc|uo|n¸ ¸es s|e||ons eno o|csc| ¸cncre||on eccoun|s
for ecou| o5% of |ns|e||co cepec||y of |hc coun|ry fo||ovco cy hyoro cepec||y e|
21.o%. |uc|cer s|e||ons eccoun| for 2.8% eno |hc ce|encc 1% |s con|r|cu|co cy
|cncvec|c |ncr¸y Sourccs.
Total Capacity MW % share
¹hcrme| 112824.48 o5%
|yoro 375o7.4O 21.o%
|uc|cer 478O 2.8%
|.|.S.© 18454.52 1%
Total 173626.40 100%
© |cncvec|c |ncr¸y Sourccs
Sourcc: C|/'s |xccu||vc Summery
Existing Generation
¹hc |o|e| povcr ¸cncre||on |n |hc coun|ry our|n¸ |hc ycer 2O1O-11 ves 811.143 b0s
es comperc |o 771.551 b0s ¸cncre|co our|n¸ |hc |es| ycer rc¸|s|cr|n¸ e ¸rov|h of
3.13%.
¹hc scc|or-v|sc ||cc|r|c||y Gcncre||on ¹er¸c| eno ech|cvcmcn| our|n¸ 2O1O-11 vcrc
es unocr:
Total Generation Target
(Million Units)
Achievement
(Million Units)
% of achievement
¹hcrme| o9O85o.5 oo4913.o1 9o.24
|yoro 111352 114295.7 1O2.o4
|uc|cer 22OOO 2o284.8 119.48
Total 824208.5 805494.11 97.72
Capacity Utilisation
Cepec||y u||||se||on |n |hc lno|en povcr scc|or |s mcesurco cy ||en| |oeo |ec|or ,|||).
¹hc /||-lno|e ||| for |hc povcr scc|or ves 75.1O% our|n¸ 2O1O-11.
SWOT ANALYSIS
Strength/ Opportunity:
ln |hc sccner|o of ocmeno of povcr cy |e||veys, |mp|cmcn||n¸ |hc Compeny's
pro¦cc| |s ¦us||nco. ¹hc Compeny |s cec|co cy s|ron¸ s|e|cho|ocrs |.c. V|n|s|ry of
|e||veys, |¹|C ||m||co eno bS|b. ¹hc Compeny |s ec|c |o ecqu|rc me¦or por||on of
|eno for cs|ec||sh|n¸ |hc pro¦cc|. |¹|C |s |hc consu||en| for |hc Compeny vh|ch |s
hev|n¸ v|oc cxpcr|cncc |n cn¸|nccr|n¸ eno mene¸cmcn| cxpcr||sc from p|enn|n¸ |o
comm|ss|on|n¸ eno opcre||n¸ povcr p|en|s. /|so, bhere| |cevy ||cc|r|ce|s ||m||co |s
|hc ||C con|rec|or. ¹hc Compeny hes ||co up |oen v||h |ovcr ||nencc Corpore||on
||m||co eno v||h |ure| ||cc|r|nce||on Corpore||on ||m||co for mcc||n¸ ||s occ| por||on.
Weakness/ Threats:
¹hc me¦or |hrce| |hc compeny |s fec|n¸ |n ecqu|r|n¸ |eno. ¹hcrc hes cccn |ncrces|n¸
pr|ccs |n |hc fcco s|oc|. ¹hc s||c vhcrc |hc pro¦cc| |s |oce|co |s pronc |o hu¸c re|nfe||
eno nooos. bc|n¸ |hc erce |oce||y o|s|urcco, sccur||y |s onc of |hc me|n conccrn for
|hc pro¦cc|.
OUTLOOK
¹hc compeny's ou||oo| eppcers |o cc vcry cr|¸h| eno v||| ¸c| crce| cvcn vcry
soon oncc |hc p|en| |s comm|ss|onco eno proouc||on |s s|ec|||zco. l| v||| ¸cncre|c
sufnc|cn| rcvcnuc for |hc ¸rov|h eno ocvc|opmcn| of |hc compeny eno crce|c
cmp|oymcn| oppor|un|||cs |o |hc |oce| |nhec||en|s.
35
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Annual Report 2010-2011 191
CAUTIONARY STATEMENT
S|e|cmcn|s |n |hc Vene¸cmcn| ||scuss|on eno /ne|ys|s, ocscr|c|n¸ oc¦cc||vcs,
pro¦cc||ons eno cs||me|cs, erc forvero-|oo||n¸ s|e|cmcn|s eno pro¸rcss|vc, v||h|n
|hc mcen|n¸ of epp||cec|c sccur||y |evs eno rc¸u|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.
|or eno on cche|f of boero of ||rcc|ors
,b.|. S|n¸h)
Che|rmen
||ecc: |cv |c|h|
|e|co: !u|y O7, 2O11
Bhartiya Rail Bijlee Company Limited
ACCOUNTING POLICIES : 2010-11
1. BASIS OF PREPARATION
¹hc 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
¹hc 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. /||hou¸h 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 rcco¸n|zco |n |hc pcr|oo |n vh|ch |hc rcsu||s erc crys|e|||zco.
3. FIXED ASSETS
3.1 ||xco /ssc|s erc cerr|co e| h|s|or|ce| cos| |css eccumu|e|co
ocprcc|e||on.
3.2 |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.
3.3 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.
3.4 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-|ro¸rcss |||| |hc pcr|oo of comp|c||on
eno |hcrcef|cr |n |hc ||xco /ssc|s.
3.5 |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.
3.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 suc¦cc| |o ncccssery eo¦us|mcn| |n |hc ycer of nne| sc|||cmcn|.
3.7 /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.
4. CAPITAL WORK-IN-PROGRESS
4.1 ln rcspcc| of supp|y-cum-crcc||on con|rec|s, |hc ve|uc of supp||cs
rccc|vco e| s||c eno ecccp|co |s |rce|co es Cep||e| \or|-|n-|ro¸rcss.
4.2 /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.
4.3 |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.
4.4 0nsc|||co ||ec||||y for pr|cc ver|e||on/cxchen¸c 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.
5. FOREIGN CURRENCY TRANSACTIONS
5.1 |orc|¸n currcncy |rensec||ons erc |n|||e||y rccoroco e| |hc re|cs of
cxchen¸c ru||n¸ e| |hc oe|c of |rensec||on.
5.2 /| |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 cxchen¸c re|c ru||n¸ e| |hc oe|c of
|rensec||on.
6. 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 evcre¸c ce|encc of cep||e| vor|-|n-pro¸rcss for |hc ycer. O|hcr corrov|n¸
cos|s erc rcco¸n|sco es en cxpcnsc |n |hc pcr|oo |n vh|ch |hcy erc |ncurrco.
7. PROFIT AND LOSS ACCOUNT
7.1 EXPENDITURE
7.1.1 |cprcc|e||on on |hc essc|s of |hc ¸cncre||on of c|cc|r|c||y cus|ncss |s
cher¸co on s|re|¸h| ||nc mc|hoo fo||ov|n¸ |hc re|cs eno mc|hooo|o¸y
no||nco cy |hc C||C |c¸u|e||ons, 2OO9.
7.1.2 |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|n¸s |nc|uo|n¸ |hc|r |n|crne|
c|cc|r|nce||on.
- non-rcs|ocn||e| cu||o|n¸s |nc|uo|n¸ |hc|r |n|crne|
c|cc|r|nce||on, ve|cr supp|y, scvcre¸c & ore|ne¸c
vor|s, re||vey s|o|n¸s, 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
o) |ho|ocop|crs eno |ex Vech|ncs 5 ycers
c) \e|cr coo|crs eno |cfr|¸cre|ors 12 ycers
7.1.3 |cprcc|e||on on eoo|||ons |o/ocouc||ons from nxco essc|s our|n¸ |hc
ycer |s cher¸co 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|.
7.1.4 /ssc|s cos||n¸ up |o ` 5OOO/- erc fu||y ocprcc|e|co |n |hc ycer of
ecqu|s|||on.
7.1.5 Cos| of sof|verc rcco¸n|zco es |n|en¸|c|c essc|, |s emor||sco on s|re|¸h|
||nc mc|hoo ovcr e pcr|oo of |c¸e| r|¸h| |o usc or 3 ycers, vh|chcvcr |s
cer||cr. ln|en¸|c|c essc|s - O|hcrs erc emor||zco on s|re|¸h| ||nc mc|hoo
ovcr |hc pcr|oo of |c¸e| r|¸h| |o usc.
7.1.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 ycer |n vh|ch |hc nrs| un|| of pro¦cc|
conccrnco comcs |n|o commcrc|e| opcre||on eno |hcrcef|cr from |hc
ycer |n vh|ch |hc rc|cven| essc| cccomcs eve||ec|c for usc. |ovcvcr,
such cxpcno||urc for commun||y ocvc|opmcn| |n cesc of s|e||ons unocr
opcre||on |s cher¸co off |o rcvcnuc.
7.1.7 |cescho|o |eno eno cu||o|n¸s 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|o¸y no||nco
cy C||C |c¸u|e||ons. |cescho|o |eno ecqu|rco on pcrpc|ue| |cesc |s no|
emor||sco.
7.1.8 |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 cher¸co |o
rcvcnuc |n |hc ycer |ncurrco.
7.1.9 |rc||m|nery cxpcnscs on eccoun| of ncv pro¦cc|s |ncurrco pr|or |o
epprove| of fces|c||||y rcpor|/|cchno cconom|c c|cerencc erc cher¸co |o
rcvcnuc.
7.1.1O /c|uer|e| ¸e|ns/|osscs |n rcspcc| of '|mp|oycc bcncn| ||ens' erc
rcco¸n|sco |n |hc s|e|cmcn| of |ron| & |oss /ccoun|.
7.1.11 |c| prc-comm|ss|on|n¸ |ncomc/cxpcno||urc |s eo¦us|co o|rcc||y |n |hc
cos| of rc|e|co essc|s eno sys|cms.
7.1.12 |rcpe|o cxpcnscs eno pr|or pcr|oo cxpcnscs/|ncomc of ||cms of
`1OO,OOO/- eno cc|ov erc cher¸co |o ne|ure| hceos of eccoun|s.
8. PROVISIONS AND CONTINGENT LIABILITIES
/ prov|s|on |s rcco¸n|sco vhcn |hc compeny hes e prcscn| oc||¸e||on es e
rcsu|| of 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 mene¸cmcn| 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||n¸cn| ||ec|||||cs erc o|sc|osco on |hc ces|s of ¦uo¸mcn| of
|hc mene¸cmcn|/|nocpcnocn| cxpcr|s. ¹hcsc erc rcv|cvco e| cech ce|encc
shcc| oe|c eno erc eo¦us|co |o rcncc| |hc currcn| mene¸cmcn| cs||me|c.
9. 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'.
35
th
Annual Report 2010-2011 192
BHARTIYA RAIL BIJLEE COMPANY LIMITED
BALANCE SHEET AS AT 31
st
MARCH, 2011
/moun| ,`)
Schcou|c
|o.
Current Year
31.03.2011
|rcv|ous /cer
31.O3.2O1O
SOURCES OF FUNDS
SHAREHOLDERS’ FUNDS
Cep||e| 1 4,800,000,000 4,OOO,OOO,OOO
Sherc Cep||e| |cpos|| 2 2,914,639,000 1,4o1,539,OOO
7,714,639,000 5,4o1,539,OOO
LOAN FUNDS
Sccurco |oen 3 1,245,531,352
TOTAL 8,960,170,352 5,4o1,539,OOO
APPLICATION OF FUNDS
FIXED ASSETS 4
Gross b|oc| 1,834,521,271 1,4o8,794,3O3
|css: |cprcc|e||on 12,319,754 4,o7O,8O2
|c| b|oc| 1,822,201,517 1,4o4,123,5O1
Cep||e| \or|-|n-|ro¸rcss 5 2,044,359,389 824,359,877
Cons|ruc||on S|orcs /no /ovenccs o 4,129,152,396 3,Oo5,o7o,o91
7,995,713,302 5,354,1oO,Oo9
CURRENT ASSETS, LOANS AND ADVANCES
Cesh eno ben| be|enccs 7 1,426,802,430 193,844,317
O|hcr Currcn| /ssc|s 8 2,130,654 184,39o
|oens & /ovenccs 9 5,795,848 5,1O2,227
1,434,728,932 199,13O,94O
LESS: CURRENT LIABILITIES AND PROVISIONS
||ec|||||cs 1O 475,390,870 9o,o39,o13
|rov|s|on 11 - -
|c| Currcn| /ssc|s 959,338,062 1O2,491,327
|ron| eno |oss /ccoun| 5,118,988 4,887,oO4
TOTAL 8,960,170,352 5,4o1,539,OOO
|o|cs on /ccoun|s 18
Schcou|cs 1 |o 18 eno eccoun||n¸ po||c|cs form en |n|c¸re| per| of eccoun|s
|or eno on cche|f of |hc boero of ||rcc|ors
/s pcr our /uo|| |cpor| of cvcn oe|c
|or |.S. V/|/| & CO.,
Cher|crco /ccoun|en|s
H.S. Madan A. Chaudhuri S. K. Saxena B. P. Singh
|er|ncr Ch|cf |xccu||vc Ofnccr ||rcc|or Che|rmen
V. |o. O9O3o
||ecc : |c|h|
|e|c : 29
|h
/pr||, 2O11
BHARTIYA RAIL BIJLEE COMPANY LIMITED
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31
ST
MARCH, 2011
/moun| ,`)
Schcou|c
|o.
Current Year
31.03.2011
|rcv|ous /cer
31.O3.2O1O
INCOME
O|hcr lncomc 12 - -
TOTAL - -
EXPENDITURE
|mp|oyccs |cmuncre||on eno
bcncn|s
13 - -
/om|n|s|re||on eno o|hcr cxpcnscs
/ ¹r¸. cxpcnscs
14 231,384 1o8,354
|cprcc|e||on - -
ln|crcs| eno ||nencc Cher¸cs 15 - -
TOTAL 231,384 1o8,354
|r|or |cr|oo eo¦us|mcn| 1o - -
Pro?t / (Loss) before Tax (231,384) ,1o8,354)
Provision for :
|r|n¸c bcncn| ¹ex
|er||cr /cer 9,998
|r|n¸c bcncn| ¹ex |rensfcrrco |o
|xpcno||urc our|n¸ Cons|ruc||on
- -
Pro?t / (Loss) After Tax (231,384) ,1o8,354)
Balance(Loss) brought forward (4,887,604) ,4,719,25O)
Balance (Loss) carried to Balance Sheet (5,118,988) ,4,887,oO4)
|xpcno||urc |ur|n¸ Cons|ruc||on 17
|ern|n¸ |cr Sherc ,|qu||y Shercs, fecc ve|uc
` 1O/-cech)- bes|c eno |||u|co ,`)
0.00 O.OO
|o|cs on /ccoun|s 18
Schcou|cs 1 |o 18 eno eccoun||n¸ po||c|cs form en |n|c¸re| per| of eccoun|s
|or eno on cche|f of |hc boero of ||rcc|ors
/s pcr our /uo|| |cpor| of cvcn oe|c
|or |.S. V/|/| & CO.,
Cher|crco /ccoun|en|s
H.S. Madan A. Chaudhuri S. K. Saxena B. P. Singh
|er|ncr Ch|cf |xccu||vc Ofnccr ||rcc|or Che|rmen
V. |o. O9O3o
||ecc : |c|h|
|e|c : 29
|h
/pr||, 2O11
SCHEDULES FORMING PART OF ACCOUNTS
/moun| ,`)
Current Year
31.03.2011
|rcv|ous /cer
31.O3.2O1O
SCHEDULE - 1
CAPITAL
AUTHORISED
1oO,oO,OO,OOO cqu||y shercs of ` 1O/- cech 16,060,000,000 1o,OoO,OOO,OOO
,|rcv|ous /cer: 1oO,oO,OO,OOO cqu||y shercs
of ` 1O/- cech)
lSS0||, S0bSC|lb|| /|| |/l|-0|
48,OO,OO,OOO cqu||y shercs of `1O cech fu||y
pe|o-up ,35,52,OO,OOO cqu||y shercs fu||y
pe|o-up hc|o cy |¹|C ||o eno |hc|r nom|nccs
eno 12,48,OO,OOO cqu||y shercs fu||y pe|o-up
hc|o cy V|n|s|ry of |e||veys, Gov| of lno|e
eno |hc|r nom|nccs)
4,800,000,000 4,OOO,OOO,OOO
,|rcv|ous ycer : 4O,OO,OO,OOO cqu||y shercs
of ` 1O cech fu||y pe|o-up cons|s||n¸ of
29,oO,OO,OOO shercs fu||y pe|o-up hc|o
cy |¹|C ||o eno |hc|r nom|nccs eno
1O,4O,OO,OOO shercs fu||y pe|o-up hc|o cy
V|n|s|ry of |e||veys, Gov| of lno|e eno |hc|r
nom|nccs)
Total 4,800,000,000 4,OOO,OOO,OOO
/moun| ,`)
Current Year
31.03.2011
|rcv|ous /cer
31.O3.2O1O
SCHEDULE - 2
SHARE CAPITAL DEPOSIT
,/moun| rccc|vco e||o|mcn| eno |s pcno|n¸ )
|¹|C ||o. 1,542,639,000 711,539,OOO
V|n|s|ry of |e||veys, Gov|.
of lno|e. 1,372,000,000 75O,OOO,OOO
Total 2,914,639,000 1,4o1,539,OOO
SCHEDULE - 3
Secured Loan 1,245,531,352 -
|uc for rcpeymcn| v||h|n onc ycer -|l|
Sccurco cy |n¸||sh mor|¸e¸c/hypo|hcce||on
of e|| prcscn| eno fu|urc nxco eno movec|c
essc|s of |ec|ne¸er ¹||,4*25OV\), es
nrs| cher¸c, ren||n¸ per| pessu v||h cher¸c
e|rceoy crce|co v||h ||C for oO% of |o|e|
occ| ces|s.
Total 1,245,531,352 -
35
th
Annual Report 2010-2011 193
SCHEDULE -4
FIXED ASSETS /moun| ,`)
GROSS BLOCK DEPRECIATION NET BLOCK
/s e|
O1.O4.1O
/oo|||ons |couc||ons/
/o¦us|mcn|s
As at
31.03.2011
/s e|
O1.O4.1O
|or |hc
ycer
|couc||ons/
/o¦us|mcn|s
Upto
31.03.2011
As at
31.03.11
/s e|
31.O3.1O
TANGIBLE ASSETS
|/||
-|rccho|o 1,438,424,21o 14o,854,548 1,585,278,764 - 1,585,278,764 1,438,424,21o
|oeos, br|o¸cs & Cu|vcr|s 413,8o5 12O,7o7 534,632 1o3,28O.OO 172,O72 8,594 326,758 207,874 25O,585
¹cmporery |rcc||ons 4,288,79o 9,28o,358 13,575,154 3,111,o22.OO 3,479,38o 6,591,008 6,984,146 1,177,174
\e|cr Supp|y, |re|ne¸c &
Scvcre¸c sys|cm- ¹ sh|p 81,29o 81,296 8,281 8,281 73,015 -
\e|cr Supp|y, |re|ne¸c &
Scvcre¸c sys|cm 21,4OO 21,324 42,724 4,Oo7.OO o,O91 215 9,943 32,781 17,333
Crencs
|urn||urc, ||x|urcs & O|hcr Ofncc
|qu|pmcn|s 5,89o,99o 4,58O,129 27O.OO 10,476,855 731,987.OO 1,Ooo,88O ,14,o23) 1,813,490 8,663,365 5,1o5,OO9
|urn||urc, ||x|urcs & O|hcr Ofncc
|qu|pmcn|s ¹ovnsh|p 1,542,232 1,542,232 82,717 ,523) 83,240 1,458,992
||| |qu|pmcn|s 1,7o7,45O 2,2o7,222 4,034,672 334,235.OO o75,3o7 19,397 990,205 3,044,467 1,433,215
Cons|ruc||on |qu|pmcn| 15,725,333 3,717,554 19,442,887 148,211.OO 1,o28,o45 23,719 1,753,137 17,689,750 15,577,122
||cc|r|ce| lns|e||e||ons 1,o71,897 1,3o5,o9O 3,037,587 114,Oo2.OO 143,3OO 24,241 233,121 2,804,466 1,557,835
Commun|ce||on |qu|pmcn|s 1oo,O3o 1,9O7,o75 2,073,711 1O,419.OO 123,352 ,2O5) 133,976 1,939,735 155,o17
|ecore|ory & \or|shop
|qu|pmcn|s 7,784 1,353,5oO 1,361,344 7,784.OO 14O,725 148,509 1,212,835 -
/ssc|s no| ovnco cy |hc coy 192,O2O,o31 192,020,631 - 192,020,631
l|¹/|Glb|| /SS|¹S - -
Sof|verc 41O,53O oO8,252 1,018,782 45,135.OO 182,951 228,086 790,696 3o5,395
TOTAL 1,468,794,303 365,727,238 270 1,834,521,271 4,670,802 7,709,767 60,815 12,319,754 1,822,201,517 1,464,123,501
|rcv|ous ycer cnoco 31s|
Verch, 2O1O 5,812,8o8 1,4o3,O94,271 112,83o 1,468,794,303 1,333,443 3,3o4,272 2o,913 4,670,802 1,464,123,501 4,479,425
|couc||on//o¦us|mcn|s from Gross b|oc| |nc|uocs : Current year (`) |rcv|ous /cer ,`)
||spose|/|c||rcmcn| of essc|s 270 112,83o
270 112,83o
|couc||on//o¦us|mcn|s from |cprcc|e||on |nc|uocs : Current year (`) |rcv|ous /cer ,`)
|cprcc|e||on chen¸co ouc |o C||C c|rcu|er 60,545 2o,913
||spose|/|c||rcmcn| of essc|s 270 -
60,815 2o,913
|cprcc|e||on for |hc ycer |s e||oce|co es ¸|vcn cc|ov: Current year (`) |rcv|ous /cer ,`)
Cher¸co |o |ron| & |oss /ccoun| - -
¹rensfcrrco |o |xpcno||urc our|n¸ cons|ruc||on ,Schcou|c-15) 7,709,767 3,3o4,272
7,709,767 3,3o4,272
SCHEDULE-5
CAPITAL WORK-IN-PROGRESS /moun| ,`)
/s e| O1.O4.1O /oo|||ons |couc||ons/
/o¦us|mcn|s
Cep||e||sco As at 31.03.11
|cvc|opmcn| of |eno 33,O89,43O 117,97O,2o3 - 151059693
|oeos, br|o¸cs & Cu|vcr|s - 1947o7 - 12O,7o7 74,000
bu||o|n¸s
Ve|n ||en|s 18O419778 180419778
O|hcrs 1,o98,114 2o,4o1,87o - 28159990
¹cmporery |rcc||ons 51o,5OO 8,793,o47 - 9,28o,358 23,789
¹cmporery |cnc|n¸- ||en| - 1,241,798 - 1,241,798
¹cmporery Cons|ruc||on -\e|cr Supp|y & |re|ns -||en| 28,2o8 124,1OO - 1O2,o2O 49,748
VG| & ¹rec| S|¸ne||n¸ 1,8o7,4O1 1,867,401
Ve|n ||en| 4OO,1o5,8o1 400,165,861
||cc|r|ce| lns|e||e||ons - 3o,884,o42 - - 36,884,642
Commun|ce||on |qu|pmcn| 13o,O38 13o,O38 -
Cep||e| |xpcno||urc on /ssc|s no| ovnco cy |hc Compeny 1O4,718,28O 1Oo,452,351 - 192,O2O,o31 19,150,000
14O,18o,o3O 88O,57o,484 - 2O1,ooo,414 819,096,700
Expenditure pending allocation
Survcy, lnvcs||¸e||on,Consu||ency & Supcrv|s|on Cher¸cs 494,8o3,O91 29O,883,1oO - - 785,746,251
|xpcno||urc |ur|n¸ Cons|ruc||on 189,31O,15o 25O,2Oo,282 - - 439,516,438
o84,173,247 541,O89,442 - - 1,225,262,689
TOTAL 824,359,877 1,421,665,926 - 201,666,414 2,044,359,389
|rcv|ous ycer 232,555,358 593,5oo,442 - 1,761,923 824,359,877
35
th
Annual Report 2010-2011 194
/moun| ,`)
Current Year
31.03.2011
|rcv|ous /cer
31.O3.2O1O
SCHEDULE - 6
CONSTRUCTION STORES AND ADVANCES
CO|S¹|0C¹lO| S¹O||S *
,/| cos|)
S|cc| 201,567,198 4,7O5,747
Ccmcn| 21,146,160 22O,OOO
O|hcrs 60,462,260 4,5OO,954
283,175,618 9,42o,7O1
- -
283,175,618 9,42o,7O1
/ovencc for Cep||e|
|xpcno||urc ,0nsccurco,
cons|ocrco ¸ooo)
Covcrco cy ben| Gueren|cc 3,192,389,997 2,7o2,387,28O
O|hcrs 653,586,781 293,8o2,71O
3,845,976,778 3,O5o,249,99O
- -
3,845,976,778 3,O5o,249,99O
Total 4,129,152,396 3,Oo5,o7o,o91
* |nc|uocs me|cr|e| |n |rens||, unocr |nspcc||on eno v||h con|rec|ors
SCHEDULE - 7
CASH & BANK BALANCES
Cesh on heno 5,839 9O,191
Balances with Scheduled Banks
Currcn| /ccoun| 26,796,591 1o2,754,12o
¹crm |cpos|| /ccoun| 1,400,000,000 31,OOO,OOO
Total 1,426,802,430 193,844,317
SCHEDULE - 8
OTHER CURRENT ASSETS
ln|crcs| /ccruco on |crm ocpos||s v||h
lno|en ben|s : 2,130,654 184,39o
Total 2,130,654 184,39o
SCHEDULE - 9
LOANS & ADVANCES
/|v/|C|S ,0nsccurco, Cons|ocrco Gooo)
|mp|oyccs 8,112 82,5OO
/moun| |ccovcrec|c from o|hcrs 3,190,805 4,27O,397
/ovencc ¹ex & ¹ex ocouc|co e| sourcc 2,596,931 749,33O
Total 5,795,848 5,1O2,227
SCHEDULE - 10
CURRENT LIABILITIES
Sundry Creditors
For Capital Expenditure
O|hcr |hen V|cro & Sme|| |n|crpr|scs
|¹|C ||o. 12,071,232 23,7o5,238
O|hcrs 315,390,418 13,oo7,97o
For Goods & Services
O|hcr |hen V|cro & Sme|| |n|crpr|scs
|¹|C ||o. 15,326,469 2O,3OO,281
O|hcrs 17,557,984 11,7O7,O8o
|cpos||s, |c|cn||on Voncy from con|rec|ors
& o|hcrs 51,629,996 11,848,799
O|hcr ||ec|||||cs 63,414,771 15,35O,233
Total 475,390,870 9o,o39,o13
/moun| ,`)
Current Year
31.03.2011
|rcv|ous /cer
31.O3.2O1O
SCHEDULE - 11
PROVISIONS
|r|n¸c bcncn| ¹ex
/s pcr |es| be|encc Shcc| 132,8O3
/o¦us|mcn| our|n¸ |hc ycer - 9,998
|e|o our|n¸ |hc ycer - 142,8O1
- -
Employee Bene?ts
/s pcr |es| be|encc Shcc| - o47,o83
/moun| pe|o/eo¦us|co our|n¸ |hc ycer - o47,o83
- -
,|rov|s|ons erc cc|n¸ meoc cy |o|o|n¸
Compeny |¹|C ||o)
- -
SCHEDULE - 12
OTHER INCOME
ln|crcs| from lno|en ben|s 10,686,901 3,399,732
,¹ex ocouc|co e| sourcc `1847oO1 |rcv|ous
ycer `594978/-)
ln|crcs| from Con|rec|ors 11,107,211 91o,951
||qu|oe|co oeme¸cs rccovcrco 303,582 4o,588
O|hcr V|scc||encous rccc|p|s 489,770 44,O91
Total 22,587,464 4,4O7,3o2
|css : lncomc ¹rensfcrrco |o |xpcno||urc
|ur|n¸ Cons|ruc||on ,Schcou|c-17) 22,587,464 4,4O7,3o2
- -
SCHEDULE - 13
EMPLOYEES REMUNERATION AND BENEFITS
Se|er|cs, \e¸cs, bonus, /||ovenccs eno
bcncn|s
109,973,997 77,121,o11
Con|r|cu||on |o |rov|ocn| eno O|hcr |unos 9,240,327 5,752,482
\c|ferc |xpcnscs 10,515,800 3,39o,898
129,730,124 8o,27O,991
|css : ¹rensfcrrco |o |xpcno||urc |ur|n¸
Cons|ruc||on ,Schcou|c-17) 129,730,124 8o,27O,991
- -
SCHEDULE - 14
ADMINISTRATION AND OTHER EXPENSES
|cn| 3,810,367 3,oo5,452
|cpe|r & Ve|n|cnencc
Ofncc bu||o|n¸ 7,599,082 o7o,232
O|hcrs 492,268 42,972
lnsurencc 121,824 58,989
|e|cs & |excs - 2O,OOO
¹re|n|n¸ |xpcnscs 231,384 1o8,354
Commun|ce||on |xpcnscs 1,690,914 3,2O5,77o
¹revc|||n¸ |xpcnscs
ln|eno ¹revc| 7,790,859 11,4o2,95o
¹cnocr |xpcnscs 5061632
|css: lncomc from se|c of
|cnocrs
50640 5,010,992 7,93o,8O9
|cmuncre||on |o /uo||ors 44,120 38,oO5
S|e|u|ory /uo|| ou| of poc|c| cxp. 32,031 57,7O5
/ovcr||scmcn| eno puc||c||y 172,961 2o2,557
Sccur||y |xpcnscs 4,958,146 2,113,978
|n|cr|e|nmcn| |xpcnscs 721,808 oO8,OO8
¹rens|| |os|c| |xpcnscs 868,292 858,2O7
|css:- rccovcr|cs 29,959 838,333
bro|cre¸c cxpcnscs - 12,oOO
|&| cxpcnscs 1,445,676 2,O34,3O5
boo|s & |cr|oo|ce|s 19,070 43,795
\e¸cs of oe||y re|co menpovcr 3,336,705 1,9O3,728
|rofcss|one| Cher¸cs & Consu||ency 66,520 155,324
35
th
Annual Report 2010-2011 195
/moun| ,`)
Current Year
31.03.2011
|rcv|ous /cer
31.O3.2O1O
SCHEDULE - 14 (Cont.)
|c¸e| |xpcnscs 141,722 7,29o
|os|e¸c & Cour|cr Cher¸cs 80,160 5o,158
|r|n||n¸ eno S|e||oncry 657,218 893,878
|xpcnscs on ||r|n¸ of |c||cop|cr 1026525
|xpcnscs on ||r|n¸ of vch|c|cs 6499752 4,O77,o21
||rc cher¸cs-Ofncc |qu|pmcn| - 427,25O
Opcre||n¸ cxpcnscs of Cons|n |qu|pmn| 7,802
Opcre||n¸ cxpcnscs of |.G. sc|s 3,799,643 433,4o2
|urn|sh|n¸ |xpcnscs 401,711 54,885
|ovcr supp|y cy |h|ro per|y cons|n povcr 7,628,999
|ovcr supp|y cy |h|ro per|y
|ovnsh|p 86,753
|css- |ccovcry of c|cc|
cher¸cs from cmp|oyccs 4,512 82,241
V|scc||encous |xpcnscs 1,159,980 81o,534
|oss on o|spose|/vr||coff of nxco essc|s - 43,8O4
59,868,813 42,137,24O
|css : ¹rensfcrrco |o |xpcno||urc |ur|n¸
Cons|ruc||on ,Schcou|c-1o) 59,637,429 41,9o8,88o
Total 231,384 1o8,354
SCHEDULE - 15
INTEREST AND FINANCE CHARGES
FINANCE CHARGES
ben| Cher¸cs 8,465,955 54,oO4
ln| on |oen from ||C 46,647,690
|ron| cno fccs 20,663,326 -
Total : 75,776,971 54,oO4
|css : ¹rensfcrrco |o |xpcno||urc |ur|n¸
Cons|ruc||on ,Schcou|c-17) 75,776,971 54,oO4
Total : - -
SCHEDULE - 16
PRIOR PERIOD ADJUSTMENT:
|r|or pcr|oo ocppr|c|e||on (60,545) -
Total (60,545) -
/moun| |rensfcrrco |o |xpcno||urc |ur|n¸
Cons|ruc||on
(60,545) -
Total - -
SCHEDULE - 17
EXPENDITURE DURING CONSTRUCTION
A. EMPLOYEES REMUNERATION AND
BENEFITS
Se|er|cs, \e¸cs, bonus, /||ovenccs eno
bcncn|s 109,973,997 77,121,o11
Con|r|cu||on |o |rov|ocn| eno O|hcr |unos 9,240,327 5,752,482
\c|ferc |xpcnscs 10,515,800 3,39o,898
Total (A) 129,730,124 8o,27O,991
B. ADMINISTRATION AND OTHER EXPENSES
|cn| 3,810,367 3,oo5,452
|cpe|r & Ve|n|cnencc
|cesco bu||o|n¸s 7,599,082 o7o,232
O|hcrs 492,268 42,972
lnsurencc 121,824 58,989
|e|cs & ¹excs - 2O,OOO
Commun|ce||on |xpcnscs 1,690,914 3,2O5,77o
¹revc|||n¸ |xpcnscs
ln|eno ¹revc| 7,790,859 11,4o2,95o
¹cnocr |xpcnscs 5061632 -
|css: lncomc from se|c
of |cnocrs
50640 5,010,992 7,93o,8O9
|cmuncre||on |o /uo||ors 44,120 38,oO5
S|e|u|ory /uo|| ou| of poc|c| cxp. 32,031 57,7O5
/ovcr||scmcn| eno puc||c||y 172,961 2o2,557
/moun| ,`)
Current Year
31.03.2011
|rcv|ous /cer
31.O3.2O1O
SCHEDULE - 17 (Cont.)
Sccur||y |xpcnscs 4,958,146 2,113,978
|n|cr|e|nmcn| |xpcnscs 721,808 oO8,OO8
¹rens|| |os|c| |xpcnscs 868,292 858,2O7
|css - |ccovcr|cs 29,959 838,333
bro|cre¸c cxpcnscs - 12,oOO
|&|- cxpcnscs 1,445,676 2,O34,3O5
boo|s & |cr|oo|ce|s 19,070 43,795
\e¸cs of oe||y re|co menpovcr 3,336,705 1,9O3,728
|rofcss|one| Cher¸cs & Consu||ency 66,520 155,324
|c¸e| |xpcnscs 141,722 7,29o
|os|e¸c & Cour|cr Cher¸cs 80,160 5o,158
|r|n||n¸ eno S|e||oncry 657,218 893,878
|xpcnscs on ||r|n¸ of |c||cop|cr 1026525 -
|xpcnscs on ||r|n¸ of vch|c|cs 6499752 4,O77,o21
||rc cher¸cs-Ofncc |qu|pmcn| - 427,25O
Opcre||n¸ cxpcnscs Cons|n cqu|pm| 7,802 -
Opcre||n¸ cxpcnscs of |.G. sc|s 3,799,643 433,4o2
|urn|sh|n¸ |xpcnscs 401,711 54,885
|ovcr supp|y cy |h|ro
per|y cons|n povcr
7,628,999
|ovcr supp|y cy |h|ro
per|y |ovnsh|p 86,753
|css- |ccovcry of c|cc|
cher¸cs from cmp|oyccs 4,512 82,241
V|scc||encous |xpcnscs 1,159,980 81o,534
|oss on o|spose|/vr||coff of nxco essc|s - 43,8O4
Total (B) 59,637,429 41,9o8,88o
C. DEPRECIATION 7,709,767 3,3o4,272
D. INTEREST AND FINANCE CHARGES
ben| Cher¸cs 8,465,955 54,oO4
ln| on |oen from ||C 46,647,690 -
0p |ron| cno fccs 20,663,326 -
Total (D) 75,776,971 54,oO4
E. LESS : OTHER INCOME
ln|crcs| from lno|en ben|s 10,686,901 3,399,732
ln|crcs| from Con|rec|ors 11,107,211 91o,951
||qu|oe|co oeme¸cs rccovcrco 303,582 4o,588
O|hcr V|scc||encous rccc|p|s 489,770 44,O91
Total (E) 22,587,464 4,4O7,3o2
F. FRINGE BENEFIT TAX
|r|n¸c bcncn| ¹ex - 9,998
Total (F) - 9,998
G. PRIOR PERIOD ADJUSTMENT:
|r|or pcr|oo ocprcc|e||on (60,545) -
Total (G) (60,545) -
GRAND TOTAL (A+B+C+D-E+F+G) 250,206,282 127,2o1,389
SCHEDULE-18
NOTES ON ACCOUNTS:
1. |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 on 31.O3.2O11 |s ` 37,94,oo,OO,179/- ,|rcv|ous ycer:
` 3O,94,29,98,95o/-)
2. ¹hc convcyenc|n¸ of |hc ||||c of 1,328.15 ecrcs ,prcv|ous ycer : 1,259.o2 ecrcs)
of |rccho|o |eno of ve|uc ` 158.53 crorcs ,prcv|ous ycer : ` 143.84 Crs) |n
posscss|on of |hc compeny es on 31.O3.2O11 |s eve|||n¸ comp|c||on of |c¸e|
forme||||cs. |ur|hcr, en emoun| of ` 31.2o Crorcs ,prcv|ous ycer: ` 1O.29 crorcs)
|s eppcer|n¸ es ocpos|| for |eno es on 31.O3.2O11 cu| posscss|on |s s||||
eve||co.
3. |ern|n¸ |cr Sherc:
|ern|n¸s pcr Sherc hes cccn ce|cu|e|co |n eccoroencc v||h |hc /S-2O.
¹hc c|cmcn|s cons|ocrco for ce|cu|e||on of |ern|n¸s |cr Sherc ,bes|c & |||u|co)
35
th
Annual Report 2010-2011 19o
erc es unocr:
Current Year |rcv|ous /cer
|c| |oss usco es numcre|or ,`) (2,31,384) ,1,o8,354)
\c|¸h|co evcre¸c numccr of cqu||y shercs
usco es ocnom|ne|or. ,|os.) 45,87,39,726 34,O8,21,918
|ern|n¸ pcr Sherc
- bes|c eno |||u|co. ,`) (0.00) ,O.OO)
4. Con||n¸cn| ||ec||||y: C|e|ms e¸e|ns| |hc compeny no| ec|nov|co¸co es occ|s |s
` |l| ,|rcv|ous ycer: |l|).
5. /|| |hc cmp|oyccs of |hc compeny erc on scconomcn| pos||n¸ from |hc ho|o|n¸
compeny. |.c. |¹|C ||o. cxccp||n¸ 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 |¹|C |n |h|s rc¸ero.
o. |xpcnscs on opcre||n¸ |cescs of |hc prcm|scs for rcs|ocn||e| usc of |hc
cmp|oyccs emoun||n¸ |o ` o2,7O,98O/- ,prcv|ous ycer: ` 2O,o2,841/-) erc
|nc|uoco |n Schcou|c-13-¨|mp|oyccs |cmuncre||on eno bcncn|s'. S|m||er|y,
|cesc peymcn|s |n rcspcc| of prcm|scs for ofnccs/|rens|| eccommooe||on erc
shovn on |cn| ` 38,1O,3o7/- ,|rcv|ous ycer ` 11,81,237.OO) |n Schcou|c-14-
¨/om|n|s|re||on eno o|hcr cxpcnscs'.
7. ¹hc cmp|oyccs rcmuncre||on eno ccncn|s |nc|uocs ` 53,41,835/- ,|rcv|ous
/cer: ` 47,7o,559/-) |n rcspcc| of ¸re|u||y, |cevc cnceshmcn|, pos| rc||rcmcn|
mco|ce| ccncn|s, |rensfcr |revc||n¸ e||ovencc on rc||rcmcn| / oce|h, |on¸ scrv|cc
everos |o cmp|oyccs, rc||rcmcn| ccncn|s, fercvc|| ¸|f| on rc||rcmcn| eno
cconom|c rchec||||e||on schcmc ,for cmp|oyccs on scconomcn| from |¹|C
||o.) es eppor||onco cy |o|o|n¸ compeny |.c. |¹|C ||o. on ec|uer|e| ve|ue||on.
8. ,e) Ccr|e|n |oens eno eovenccs eno crco||ors, so fer es |hcsc hevc s|ncc no|
cccn rce||zco/o|scher¸co or eo¦us|co erc suc¦cc| |o connrme||on/
rcconc|||e||on eno conscqucn| eo¦us|mcn|, |f eny.
,c) |n |hc op|n|on of |hc mene¸cmcn|, |hc ve|uc of currcn| essc|s, |oens eno
eovenccs on rce||ze||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 ce|encc shcc|.
9. borrov|n¸ cos| cep||e||zco our|n¸ |hc ycer |s ` o,73,11,O1o/- ,|rcv|ous pcr|oo
` ||| )
1O. |ur|n¸ |hc ycer 8,OO,OO,OOO shercs of ` 1O/- cech ,5,92,OO,OOO shercs |o |¹|C
||o eno 2,O8,OO,OOO shercs |o V|n|s|ry of |e||vey) hevc cccn e||o||co on
O7.O7.2O1O.
11. 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 ¨¹hc V|cro, Sme|| eno Vco|um |n|crpr|scs |cvc|opmcn|
/c|, 2OOo.
12. Compeny hes pe|o ` 3,8O,OOO.OO our|n¸ |hc ycer on eccoun| of Scho|ersh|p |o
poor S|uocn|s of pro¦cc| cffcc|co fem|||cs, vhcrc |hc |eno |s ecqu|rco/|o cc
ecqu|rco for compeny's pro¦cc| es rcso|vco cy |hc boero of ||rcc|ors |n |hc|r
mcc||n¸.
13. Vene¸cr|e| rcmuncre||on pe|o/peyec|c |o Ch|cf |xccu||vc Ofnccr :
Current Year
(`)
|rcv|ous /cer
,`)
Se|er|cs eno e||ovenccs 22,46,113 22,77,1o9
Con|r|cu||on |o prov|ocn| funo & o|hcr funos
|nc|uo|n¸ ¸re|u||y & ¸roup |nsurencc 1,63,520 1,47,9O1
O|hcr bcncn|s 6,04,481 5,35,932
ln eoo|||on |o |hc ecovc rcmuncre||on, |hc Ch|cf |xccu||vc Ofnccr hes cccn
e||ovco |hc usc of cer |nc|uo|n¸ for pr|ve|c ¦ourncy, on peymcn| of ` 78O/- pcr
mon|h.
¹hc prov|s|ons for/con|r|cu||on |o ¸re|u||y, |cevc cnceshmcn| eno pos|
rc||rcmcn| mco|ce| fec|||||cs erc esccr|e|nco on ec|uer|e| ve|ue||on oonc cy |hc
ho|o|n¸ compeny on ovcre|| Compeny ces|s eno hcncc no| esccr|e|nec|c
scpere|c|y.
14. ln rcsponsc |o m|nu|cs pessco |n |hc mcc||n¸ of boero of ||rcc|ors of Compeny
hc|o on 9
|h
Scp|cmccr, 2OO8 eno |e|cr on ¦uo¸mcn| ¸|vcn cy |hc ||¸h Cour|,
|e|ne o|.12/1O/2O1O, e sum of ` O Crorcs on eccoun| of compcnse||on
peyec|c |o |eno cffcc|co v|||e¸crs/pcrsons for |hc|r 5O V|s of |eno surrouno|n¸
|hc|r rcs|ocnccs ¨es rcs|ocn||e| |eno' hes cccn crce|co e ||ec||||y on |hc
essump||on ces|s |n |hc boo|s of /ccoun|s of Co. e| prcscn|. |ovcvcr, |hcrc
mey er|sc morc con||n¸cn| ||ec||||y |n fu|urc |n |h|s rc¸ero.
15. |es| ycer prov|s|on meoc for ` 38.5O |ecs on cs||me|c ces|s |n rcspcc| of emoun|
peyec|c |o V/s |bV Gco ¹cchn|cs ,|) ||o. on eccoun| of So|| lnvcs||¸e||on
Cher¸cs hes no| cccn eo¦us|co so fer, s|ncc nne| c||| no| sucm|||co cy per|y, es
|o|o.
1o. ln|crcs| cernco |o |hc |unc of ` 1,11,O7,211.OO on eovenccs meoc |o supp||crs
from ||mc |o ||mc our|n¸ |hc ycer e¸e|ns| |hc|r purchesc c|||s hes cccn sc| off
e¸e|ns| |hc prc-pro¦cc| cxpcno||urc cep||e||zco.
17. ¹hc ofncc of |hc Comp|ro||cr & /uo||or Gcncre| of lno|e cxprcssco en op|n|on
|he| |hc re|cs no||nco cy |hc C||C she|| cc fo||ovco cy |hc Compeny for
prov|o|n¸ ocprcc|e||on |n |hc eccoun|s |ns|ceo of |hc re|cs es pcr |hc Compen|cs
/c|, 195o |n rcspcc| of ¸cncre||n¸ essc|s. /ccoro|n¸|y, |hc compeny rcv|sco ||s
eccoun||n¸ po||c|cs rc|e||n¸ |o cher¸|n¸ of ocprcc|e||on v.c.f. 1
s|
/pr|| 2OO9
cons|ocr|n¸ |hc re|cs eno mc|hooo|o¸y no||nco cy |hc C||C for oc|crm|ne||on
of |er|ff |hrou¸h |c¸u|e||ons, 2OO9. ln cesc of ccr|e|n essc|s |hc compeny hes
con||nuco |o cher¸c h|¸hcr ocprcc|e||on cesco on |cchn|ce| esscssmcn| of
uscfu| ||fc of |hosc essc|s. Conscqucn| |o |h|s chen¸c, pr|or pcr|oo ocprcc|e||on
vr|||cn cec| |s ` oO,545/- eno currcn| ycer ocprcc|e||on |s |ovcr cy ` 3,o9,O25/-.
Conscqucn||y nxco essc|s erc h|¸hcr |n ve|uc cy ` 4,29,57O/-. ¹hc |mpec| of
cher¸|n¸ ocprcc|e||on es pcr C||C hes cccn eo¦us|co |hrou¸h ||C.
18. |orc|¸n currcncy cxposurc no| hco¸co cy e ocr|ve||vc |ns|rumcn| |n rcspcc| of
uncxccu|co emoun| of con|rec|s rcme|n|n¸ |o cc cxccu|co erc |0|O
99,732,3O7/- ,` o39,38,38,2O2/-) & 0S| 1,411,254/- ,` o,38,31,O18/-)
19. /s pcr /S-17, Sc¸mcn|e| |cpor||n¸ erc no| epp||cec|c.
2O. |rcv|ous ycer n¸urcs hevc cccn rc-¸roupco/rc-erren¸co vhcrcvcr ncccssery.
21. lnforme||on pursuen| |o per| lv of schcou|c vl of |hc Compen|cs /c|, 195o.
BALANCE SHEET ABSTRACT AND COMPANY’S GENERAL BUSSINESS PROFILE
I. Registration Details S|e|c Cooc : O 5 5
|c¸|s|re||on |o. 0 4 O 1 O 2 | | 2 O O 7 P | C 1 7 O o o 1
|e|c Von|h /cer
be|encc-Shcc| oe|c 3 1 O 3 2 O 1 1
II. Capital Raised during the year (Amount in ` Thousands)
|uc||c lssuc ||¸h| |ssuc
| l | | l |
bonus lssuc |r|ve|c ||eccmcn|
| l | 8 O O O O O
III. Position of Mobilization and Deployment of funds (Amount in ` Thousands)
¹o|e| ||ec||||y ¹o|e| /ssc|s
9 4 3 5 5 o 1 9 4 3 5 5 o 1
Source of Funds
|e|o-up Cep||e| Cep||e| |cpos|| /ccoun|
4 8 O O O O O 2 9 1 4 o 3 9
Sccurco |oens |cscrvcs & Surp|us
1 2 4 5 5 3 1 | l |
|cfcrrco ¹ex ||ec||||y 0nsccurco |oens
| l | | l |
Application of Funds
|c| ||xco /ssc|s lnvcs|mcn|
7 9 9 5 7 1 3 | l |
|c| Currcn| /ssc|s V|sc. |xpcno||urc
9 5 9 3 3 8 | l |
/ccumu|e|co |osscs
5 1 1 9
IV. Performance of Company (Amount in ` Thousands)
¹urnovcr ,lnc|uo|n¸ o|hcr |ncomc) ¹o|e| |xpcno||urc
| l | 2 3 1
|oss ccforc ¹ex |oss ef|cr ¹ex
2 3 1 2 3 1
|ern|n¸ pcr sherc |n ` ||v|ocno |e|c%
O . O O | l |
V. Generic Name of three Principal Product/Services of Company
,/s pcr monc|ery |crms)
|roouc| |cscr|p||on: l|cm Cooc |o.
G | | | | / ¹ l O | O F | | | C ¹ | l C l ¹ Y | /
|or eno on cche|f of boero of ||rcc|ors
/s pcr our /uo|| |cpor| of cvcn oe|c
|or |.S. V/|/| & CO.,
Cher|crco /ccoun|en|s
H.S. Madan A. Chaudhuri S.K. Saxena B. P. Singh
|er|ncr Ch|cf |xccu||vc Ofnccr ||rcc|or Che|rmen
V. |o. O9O3o
||ecc : |c|h|
|e|c : 29.O4.2O11
35
th
Annual Report 2010-2011 197
BHARTIYA RAIL BIJLEE COMPANY LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 31
ST
MARCH, 2011
/moun| ,`)
Current Year |rcv|ous ycer
A. CASH FLOW FROM OPERATING
ACTIVITIES
|c| |oss es pcr |ron| eno |oss /ccoun| (231,384) ,1o8,354)
Adjustment for:
|cprcc|e||on - -
Operating Loss before Working
Capital Changes
(231,384) ,1o8,354)
Adjustment for:
Sunory Crco||ors & |rov|s|ons 88,722,821 42,O37,4O3
O|hcr Currcn| /ssc|s (1,946,258) ,155,O43)
|oens & /ovenccs (693,621) ,3,4oO,2O2)
86,082,942 38,422,158
Net Cash from Operating Activities-A 85,851,558 38,253,8O4
B. CASH FLOW FROM INVESTMENT
ACTIVITIES
|urchesc of ||xco /ssc|s eno C\l| (2,351,524,797) ,1,99O,22o,848)
Net Cash used in Investing Activities-B (2,351,524,797) ,1,99O,22o,848)
C. CASH FLOW FROM FINANCING
ACTIVITIES
|rocccos from |ssuc of Sherc Cep||e| 800,000,000 1,5OO,OOO,OOO
|rocccos from Sherc Cep||e| |cpos|| 1,453,100,000 45O,391,OOO
|rocccos from |oens from ||C 1,245,531,352
|c| Cesh nov from ||nenc|n¸
/c||v|||cs-C 3,498,631,352 1,95O,391,OOO
Net Increase/(Decrease) in Cash and
Cash equivalents (A+B+C) 1,232,958,113 ,1,582,O44)
Cesh eno Cesh cqu|ve|cn|s
,Opcn|n¸ be|encc) 193,844,317 195,42o,3o1
Cesh eno Cesh cqu|ve|cn|s
,C|os|n¸ be|encc) 1,426,802,430 193,844,317
NOTES :
Cesh eno Cesh |qu|ve|cn|s cons|s|s of Cesh |n |eno eno ce|encc v||h ben|s
||¸urcs for |rcv|ous ycer hevc cccn rc¸roupco/rcerren¸co vhcrcvcr ncccssery.
|or eno on cche|f of boero of ||rcc|ors
/s pcr our /uo|| |cpor| of cvcn oe|c
|or |.S. V/|/| & CO.,
Cher|crco /ccoun|en|s
H.S. Madan A. Chaudhuri S.K. Saxena B. P. Singh
|er|ncr Ch|cf |xccu||vc Ofnccr ||rcc|or Che|rmen
V. |o. O9O3o
||ecc : |c|h|
|e|c : 29.O4.2O11
AUDITORS’ REPORT TO THE MEMBERS OF
BHARTIYA RAIL BIJLEE COMPANY LIMITED
1. \c hevc euo||co |hc e||echco be|encc Shcc| of b|/|¹l// |/l| bl!|||
COV|/|/ |lVl¹|| ,e Sucs|o|ery Compeny of |¹|C ||o.) es e| 31
s|
Verch
2O11, eno |hc rc|e|co |ron| & |oss /ccoun| eno Cesh ||ov S|e|cmcn| for
|hc ycer cnoco on |he| oe|c enncxco |hcrc|o, vh|ch vc hevc s|¸nco unocr
rcfcrcncc |o |h|s rcpor|. ¹hcsc nnenc|e| s|e|cmcn|s erc |hc rcspons|c||||y of |hc
compeny's mene¸cmcn|. 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 |hc euo|||n¸ s|enoeros ¸cncre||y
ecccp|co |n lno|e. ¹hosc 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 mene¸cmcn|, 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||ors' |cpor|) Orocr, 2OO3, es emcnoco
cy |hc Compen|cs ,/uo||ors' |cpor|) ,/mcnomcn|) Orocr, 2OO4, |ssuco cy
|hc Ccn|re| Govcrnmcn| of lno|e |n |crms of Suc-scc||on ,4/) of Scc||on 227 of
'¹hc Compen|cs /c|, 195o' of lno|e ,|hc '/c|') eno on |hc ces|s of such chcc|s
of |hc coo|s eno rccoros of |hc compeny es vc cons|ocrco eppropr|e|c eno
eccoro|n¸ |o |hc |nforme||on eno cxp|ene||ons ¸|vcn |o us, vc ¸|vc |n |hc
/nncxurc e s|e|cmcn| on |hc me||crs spcc|nco |n pere¸rephs 4 eno 5 of |hc
se|o Orocr.
4. |ur|hcr 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|co¸c eno cc||cf vcrc ncccssery for |hc purposcs 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) ¹hc be|encc Shcc|, |ron| eno |oss /ccoun| eno Cesh ||ov S|e|cmcn|
oce|| v||h cy |h|s rcpor| erc |n e¸rccmcn| v||h |hc coo|s of eccoun|s
,o) ln our op|n|on, |hc be|encc Shcc|, |ron| eno |oss /ccoun| eno Cesh
||ov S|e|cmcn| 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 /c|,
,c) bc|n¸ e Govcrnmcn| Compeny, pursuen| |o |o||nce||on |o.GS| 829,|)
oe|co 17/O7/2OO3 |ssuco cy |hc 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) 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 se|o nnenc|e| s|e|cmcn|s |o¸c|hcr v||h |hc
no|cs |hcrcon ¸|vc |n |hc prcscr|cco menncr |hc |nforme||on rcqu|rco cy
|hc /c| 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:
,|) |n |hc cesc of |hc be|encc Shcc|, of |hc s|e|c of effe|rs of |hc
compeny es e| 31
s|
Verch, 2O11 eno
,||) |n |hc cesc of |hc |ron| eno |oss /ccoun| of |hc |oss for |hc ycer
cnoco on |he| oe|c.
,|||) |n |hc cesc of |hc Cesh ||ov S|e|cmcn|, of |hc cesh novs for |hc
ycer cnoco on |he| oe|c.
|or |.S.V/|/| & CO.
Cher|crco /ccoun|en|s
,|.S. V/|/|)
||ecc : |c|h| |/|¹|||
|e|c : 29.O4.2O11 V. |o. O9O3o
ANNEXURE TO AUDITORS’ REPORT
|||||||| ¹O l| |/|/G|/|| 3 O| ¹|| /0|l¹O|S' |||O|¹ O| |v|| |/¹| ¹O
¹|| V|Vb||S O| BHARTIYA RAIL BIJLEE COMPANY LIMITED O| ¹|| |l|/|Cl/|
S¹/¹|V||¹S |O| ¹|| /|/| ||||| 31
s|
V/|C|, 2O11
,|) ,e) ¹hc compeny |s me|n|e|n|n¸ propcr rccoro shov|n¸ fu|| per||cu|ers
|nc|uo|n¸ quen|||e||vc oc|e||s eno s||ue||on of nxco essc|s.
,c) ¹hc nxco essc|s of |hc compeny hevc no| cccn vcr|nco phys|ce||y cy |hc
mene¸cmcn| our|n¸ |h|s ||nenc|e| ycer. S|ncc, |hc semc |s no| oonc cvcry
ycer es pcr po||cy of |o|o|n¸ Compeny, es |o|o.
,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 our|n¸
|hc ycer.
,||) ¹hc Compeny oocs no| hevc |nvcn|ory. /ccoro|n¸|y, |hc prov|s|ons of c|eusc
4,||) ,c) & ,c) of |hc Compen|cs ,/uo||or's |cpor|) Orocr, 2OO3 erc no|
epp||cec|c |o |hc Compeny.
,|||) ¹hc compeny hes nc||hcr ¸ren|co nor |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. /ccoro|n¸|y |hc prov|s|ons of
c|euscs 4,|||),c), ,c) & ,o) of |hc Compen|cs ,/uo||or's |cpor|) Orocr, 2OO3
erc no| epp||cec|c |o |hc Compeny.
However, Share Capital Deposit still has an unadjusted balance of
` 291.46 Crores as on 31/03/2011 against which no shares have been
allotted by Company so far.
,|v) ln our op|n|on eno eccoro|n¸ |o |hc |nforme||on eno cxp|ene||on ¸|vcn |o us,
|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 |hc rc¸ero |o purchesc of
nxco essc|s. ¹hc compeny hes no| meoc eny purchesc/se|c of ¸ooos.
,v) /ccoro|n¸ |o |hc |nforme||on ¸|vcn |o us, |hcrc erc no |rensec||ons |he| ncco
|o cc cn|crco |n |hc rc¸|s|cr me|n|e|nco 0/s 3O1 of |hc /c|. Company has
awarded a Consultancy Contract of ` 76.00 Crores to NTPC Ltd., holding
Company. During this year, amount paid/payble is to the tune of ` 29.09
Crores (total payment made including service tax is ` 77.41 Crores upto
35
th
Annual Report 2010-2011 198
31/03/2011) against this contract. Most of the Directors in Company
are from NTPC Ltd. and Interest of Directors as required U/s 299 of
Companies Act has already been disclosed in the Board’s Meetings. As
per Noti?cation No. GSR 233 dt.31/01/1978 published in the Gazattee
of India, Section 3(i) dt.11/02/1978, provisions of Section 297 are not
applicable.
,v|) /ccoro|n¸ |o |hc |nforme||on ¸|vcn |o us, Compeny hes no| ecccp|co ocpos||s
unocr |hc prov|s|ons of scc||on 58/ & 58// of |hc Compen|cs /c|, 195o eno
|hc Compen|cs ,/cccp|encc of |cpos||s) |u|cs, 1975
,v||) ¹hc prov|s|on of |hc orocr rc|e|co |o |n|crne| euo|| erc no| epp||cec|c |o |hc
compeny. |ovcvcr, ln|crne| /uo|| hevc cccn conouc|co cy |hc |o|o|n¸
Compeny, |.c. |¹|C ||o.
,v|||) ¹hc me|n|cnencc of cos| rccoros unocr c|eusc ,o) of suc-scc||on ,1) of Scc||on
2O9 of |hc /c| |s no| epp||cec|c |o |hc compeny s|ncc || hes no| commcncco
eny ec||v||y rc|e|co |o ¸cncre||on of c|cc|r|c||y.
,|x) ,e) /|| cmp|oyccs of |hc compeny erc on scconomcn| pos||n¸ from ||s
ho|o|n¸ compeny, |.c. |¹|C ||o. cxccp| onc cmp|oycc on ocpu|e||on
from V|n|s|ry of |e||veys. /ccoro|n¸ |o |nforme||on ¸|vcn |o us, ho|o|n¸
compeny es vc|| es V|n|s|ry of |e||veys erc ocpos|||n¸ uno|spu|co
s|e|u|ory oucs |||c prov|ocn| |uno v||h eppropr|e|c eu|hor|||cs.
,c) /ccoro|n¸ |o |hc |nforme||on eno cxp|ene||ons ¸|vcn |o us, eno |hc
rccoros of |hc compeny cxm|nco cy us, |hcrc erc no oucs of |ncomc-
|ex, se|cs-|ex, vce||h |ex, scrv|ccs |ex, cus|oms ou|y, cxc|sc ou|y eno
ccss es e| 31-O3-2O11 vh|ch hevc no| cccn ocpos||co on eccoun| of
eny o|spu|c. |ovcvcr, somc||mc ¹|S emoun|s hevc cccn ocpos||co
|e|c, |.c. ¹|S ` 4,27,25O.OO peyc|c on 31/O3/2O1O on peymcn|s meoc
|o |hc |rofcss|one|s ves ocpos||co on 3O/Oo/2O1O. S|m||er|y, ¹|S
` 1,4O,O91.OO peyc|c on 31/O3/2O1O on peymcn|s meoc |o |hc
Con|rec|ors ves ocpos||co on 3O/Oo/2O1O cvcn |-¹|S rc|urn n|c |e|c for
1s| eno 2no quer|cr of |hc ||nenc|e| /cer 2O1O-11 |n rcspcc| of |orm |o.
2oO eno 24O. ¹|S on peymcn|, ` 54,388.OO meoc |o |hc |ev /es|he
,|GO) on 21/1O/2O1O on eccoun| of mco|ce| fec|||||cs prov|oco hes
cccn meoc © 2% on|y |ns|ceo of 1O%
,x) ¹h|s c|eusc |s no| epp||cec|c es |hc compeny |s no| |n cx|s|cncc for 5 ycers or
morc from |hc oe|c of rc¸|s|re||on |||| 31
s|
Verch, 2O11.
,x|) Compeny hes |e|cn e |oen of ` 124.55 Crorcs from V/s |ovcr ||nencc
Corpore||on ||o. our|n¸ |hc ycer eno |n|crcs|, ouc, |s cc|n¸ pe|o.
,x||) ¹hc compeny hes no| ¸ren|co eny |oens eno eovenccs on |hc ces|s of sccur||y
cy vey of p|co¸c of shercs, occcn|urcs eno o|hcr sccur|||cs.
,x|||) ¹hc prov|s|ons of eny spcc|e| s|e|u|c epp||cec|c |o ch|| funo/n|oh|/mu|ue|
ccncn| funo/soc|c||cs erc no| epp||cec|c |o |hc compeny.
,x|v) ¹hc compeny |s no| oce||n¸ or |reo|n¸ |n shercs, sccur|||cs, occcn|urcs or o|hcr
|nvcs|mcn|s eno hcncc, rcqu|rcmcn|s of pere¸reph 4 ,x|v) erc no| epp||cec|c
|o |hc compeny.
,xv) ln our op|n|on eno eccoro|n¸ |o |hc |nforme||on eno cxp|ene||ons ¸|vcn |o us,
|hc compeny hes no| ¸|vcn eny ¸ueren|cc for |oens |e|cn cy o|hcrs from cen|s
or nnenc|e| |ns|||u||ons our|n¸ |hc ycer.
,xv|) Compeny hes |e|cn e |crm |oen of ` 124.55 Crorcs from V/s |ovcr ||nencc
Corpore||on ||o. our|n¸ |hc ycer es s|e|co |n c|eusc ,x|) eno hes epp||co |hc
semc for |hc purposc for vh|ch |oen ves oc|e|nco.
,xv||) On |hc ces|s of en ovcre|| cxem|ne||on of |hc ce|encc shcc| of |hc compeny,
|n our op|n|on eno eccoro|n¸ |o |hc |nforme||on eno cxp|ene||ons ¸|vcn |o us,
|hcrc erc no funos re|sco on e shor|-|crm ces|s vh|ch hevc cccn usco for |on¸-
|crm |nvcs|mcn|, eno v|cc-vcrse.
,xv|||) ¹hc compeny hes meoc prcfcrcn||e| e||o|mcn| of 8.OO Crorc shercs e| |ecc ve|uc
of ` 1O.OO cech |o |¹|C ||o. eno V|n|s|ry of |e||veys, 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. ln our op|n|on eno eccoro|n¸ |o |hc |nforme||on eno cxp|ene||ons ¸|vcn
|o us, |hc pr|cc e| vh|ch such shercs hevc cccn |ssuco |s no| prc¦uo|c|e| |o |hc
|n|crcs| of |hc compeny.
,x|x) ¹hc Compeny hes no| |ssuco eny occcn|urcs
,xx) ¹hc Compeny hes no| re|sco moncy cy puc||c |ssuc.
,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 |.S.V/|/| & CO.
Cher|crco /ccoun|en|s
,|.S. V/|/|)
||ecc : |c|h| |/|¹|||
|e|c : 29.O4.2O11 V. |o. O9O3o
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 2011.
¹hc prcpere||on of nnenc|e| s|e|cmcn|s of b|/|¹l// |/l| bl!||| COV|/|/ |lVl¹||,
|cv |c|h|, for |hc ycer cnoco 31 Verch 2O11 |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 mene¸cmcn| of |hc Compeny. ¹hc 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. ¹h|s |s s|e|co |o hevc cccn oonc cy
|hcm v|oc |hc|r /uo|| |cpor| oe|co 29 /pr|| 2O11.
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 b|/|¹l// |/l| bl!||| COV|/|/ |lVl¹||, |cv |c|h|, for
|hc ycer cnoco 31 Verch 2O11. ¹h|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|co¸c vh|ch vou|o ¸|vc r|sc |o eny
commcn| upon or supp|cmcn| |o S|e|u|ory /uo||or's rcpor| unocr scc||on o19,4) of
|hc Compen|cs /c|, 195o.
||ecc: |cv |c|h|
|e|co: 27 Vey, 2O11
|or eno on cche|f of |hc
Comp|ro||cr & /uo||or Gcncre| of lno|e
,V. |. b|sves)
|r|nc|pe| ||rcc|or of Commcrc|e| /uo|| eno
|x-ofnc|o Vcmccr /uo|| boero-lll, |cv |c|h|
35
th
Annual Report 2010-2011 199
ACCOUNTING POLICIES
1. BASIS OF PREPARATION
¹hc 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
¹hc 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. /||hou¸h 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 rcco¸n|zco |n |hc pcr|oo |n vh|ch |hc rcsu||s erc crys|e|||zco.
3. GRANTS-IN-AID
3.1 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 eo¦us|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.
3.2 \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 eo¦us|co |n |hc
cerry|n¸ cos| of such essc|s.
3.3 Gren|s from Govcrnmcn| eno o|hcr e¸cnc|cs |overos rcvcnuc cxpcno||urc erc rcco¸n|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.
4. FIXED ASSETS
4.1 ||xco /ssc|s erc cerr|co e| h|s|or|ce| cos| |css eccumu|e|co ocprcc|e||on/emor||se||on.
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 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-|ro¸rcss |||| |hc
pcr|oo of comp|c||on eno |hcrcef|cr |n |hc ||xco /ssc|s.
4.5 |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.
4.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 suc¦cc| |o ncccssery eo¦us|mcn| |n |hc ycer of nne| sc|||cmcn|.
4.7 /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.
5. CAPITAL WORK-IN-PROGRESS
5.1 ln rcspcc| of supp|y-cum-crcc||on con|rec|s, |hc ve|uc of supp||cs rccc|vco e| s||c eno ecccp|co |s |rce|co es Cep||e| \or|-
|n-|ro¸rcss.
5.2 /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.
5.3 |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.
5.4 0nsc|||co ||ec||||y for pr|cc ver|e||on/cxchen¸c 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. OIL AND GAS EXPLORATION COSTS
o.1 ¹hc Compeny fo||ovs 'Succcssfu| |ffor|s Vc|hoo' for eccoun||n¸ of o|| & ¸es cxp|ore||on ec||v|||cs.
o.2 Cos| of survcys eno prospcc||n¸ ec||v|||cs conouc|co |n scerch of o|| eno ¸es erc cxpcnsco off |n |hc ycer |n vh|ch |hcsc erc
|ncurrco.
o.3 /cqu|s|||on eno cxp|ore||on cos|s erc |n|||e||y cep||e||zco es '|xp|ore|ory \c||s-|n-|ro¸rcss' unocr Cep||e| \or|-|n-|ro¸rcss.
7. DEVELOPMENT OF COAL MINES
|xpcno||urc on cxp|ore||on of ncv coe| ocpos||s |s cep||e||zco es '|cvc|opmcn| of coe| m|ncs' unocr Cep||e| \or|-|n-|ro¸rcss ||||
|hc m|ncs pro¦cc| |s crou¸h| |o rcvcnuc eccoun|.
8. FOREIGN CURRENCY TRANSACTIONS
8.1 |orc|¸n currcncy |rensec||ons erc |n|||e||y rccoroco e| |hc re|cs of cxchen¸c ru||n¸ e| |hc oe|c of |rensec||on.
8.2 /| |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 cxchen¸c re|c ru||n¸ e| |hc oe|c of |rensec||on.
8.3 |xchen¸c o|ffcrcnccs ,|oss), er|s|n¸ from |rens|e||on of forc|¸n currcncy |oens rc|e||n¸ |o nxco essc|s/cep||e| vor|-|n-pro¸rcss
|o |hc cx|cn| rc¸eroco es en eo¦us|mcn| |o |n|crcs| cos| erc |rce|co es corrov|n¸ cos|.
8.4 |xchen¸c o|ffcrcnccs er|s|n¸ from sc|||cmcn| / |rens|e||on of forc|¸n currcncy |oens ,o|hcr |hen rc¸eroco es corrov|n¸ cos|),
ocpos||s / ||ec|||||cs rc|e||n¸ |o nxco essc|s / cep||e| vor|-|n-pro¸rcss |n rcspcc| of |rensec||ons cn|crco pr|or |o O1.O4.2OO4,
erc eo¦us|co |n |hc cerry|n¸ cos| of rc|e|co essc|s. Such cxchen¸c o|ffcrcnccs er|s|n¸ from sc|||cmcn| / |rens|e||on of |on¸ |crm
NTPC Limited Consolidated Financial Statements
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Annual Report 2010-2011 2OO
forc|¸n currcncy monc|ery ||cms |n rcspcc| of |rensec||ons cn|crco on or ef|cr O1.O4.2OO4 erc eo¦us|co |n |hc cerry|n¸ cos| of
rc|e|co essc|s.
8.5 O|hcr cxchen¸c o|ffcrcnccs erc rcco¸n|zco es |ncomc or cxpcnsc |n |hc pcr|oo |n vh|ch |hcy er|sc.
9. 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 evcre¸c ce|encc of cep||e| vor|-|n-pro¸rcss for |hc ycer. O|hcr corrov|n¸ cos|s erc
rcco¸n|sco es en cxpcnsc |n |hc pcr|oo |n vh|ch |hcy erc |ncurrco.
10. INVESTMENTS
1O.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.
1O.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.
1O.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.
11. INVENTORIES
11.1 lnvcn|or|cs erc ve|uco e| |hc |ovcr of, cos| oc|crm|nco on vc|¸h|co evcre¸c ces|s, eno nc| rce||zec|c ve|uc.
11.2 ¹hc 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.
12. PROFIT AND LOSS ACCOUNT
12.1 l|COV| ||COG|l¹lO|
12.1.1 Se|c of cncr¸y |s eccoun|co for cesco on |er|ff re|cs epprovco cy |hc Ccn|re| ||cc|r|c||y |c¸u|e|ory Comm|ss|on
,C||C) es moo|nco cy |hc orocrs of /ppc||e|c ¹r|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.
12.1.2 /ovencc e¸e|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 cher¸co.
12.1.3 |xchen¸c o|ffcrcnccs on eccoun| of |rens|e||on of forc|¸n currcncy corrov|n¸s rccovcrec|c from or peyec|c |o |hc
ccncnc|er|cs |n sucscqucn| pcr|oos es pcr C||C ¹er|ff |c¸u|e||ons erc eccoun|co es '|cfcrrco |orc|¸n Currcncy
||uc|ue||on /ssc|/||ec||||y'. ¹hc |ncrcesc or occrcesc |n ocprcc|e||on or |n|crcs| eno nnencc cher¸cs for |hc ycer ouc
|o |hc eccoun||n¸ of such cxchen¸c o|ffcrcnccs es pcr eccoun||n¸ po||cy no. 8 |s eo¦us|co |n se|cs.
12.1.4 |xchen¸c 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 ¹er|ff |c¸u|e||ons erc eccoun|co es '|cfcrrco |orc|¸n Currcncy ||uc|ue||on /ssc|/||ec||||y' our|n¸ cons|ruc||on
pcr|oo eno eo¦us|co |n |hc ycer |n vh|ch |hc semc cccomcs rccovcrec|c/peyec|c.
12.1.5 ¹hc surcher¸c on |e|c peymcn|/ovcrouc sunory occ|ors for se|c of cncr¸y |s rcco¸n|zco vhcn no s|¸n|ncen|
unccr|e|n|y es |o mcesurec||||y or co||cc|ec||||y cx|s|s.
12.1.o ln|crcs|/surcher¸c rccovcrec|c on eovenccs |o supp||crs es vc|| es verren|y c|e|ms/||qu|oe|co oeme¸cs 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.
12.1.7 lncomc from consu||ency scrv|ccs |s eccoun|co for on |hc ces|s of ec|ue| pro¸rcss/|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
rcco¸n|zco es o|hcr |ncomc, es pcr |hc |crms of consu||ency scrv|cc con|rec|s.
12.1.8 Screp o|hcr |hen s|cc| screp |s eccoun|co for es eno vhcn so|o.
12.1.9 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.
12.2 |×||||l¹0||
12.2.1 |cprcc|e||on on |hc essc|s of |hc ¸cncre||on of c|cc|r|c||y cus|ncss |s cher¸co on s|re|¸h| ||nc mc|hoo fo||ov|n¸ |hc
re|cs eno mc|hooo|o¸y no||nco cy |hc C||C ¹er|ff |c¸u|e||ons, 2OO9.
12.2.2 |cprcc|e||on on |hc essc|s of |hc coe| m|n|n¸, o|| & ¸es cxp|ore||on, consu||ency eno o|hcr cus|ncss, |s cher¸co 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.
12.2.3 |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|n¸s |nc|uo|n¸ |hc|r |n|crne| c|cc|r|nce||on.
- non-rcs|ocn||e| cu||o|n¸s |nc|uo|n¸ |hc|r |n|crne| c|cc|r|nce||on, ve|cr supp|y,
scvcre¸c & ore|ne¸c vor|s, re||vey s|o|n¸s, 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
o) |ho|ocop|crs eno |ex Vech|ncs 5 ycers
c) \e|cr coo|crs eno |cfr|¸cre|ors 12 ycers
12.2.4 |cprcc|e||on on eoo|||ons |o/ocouc||ons from nxco essc|s our|n¸ |hc ycer |s cher¸co 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|.
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Annual Report 2010-2011 2O1
12.2.5 /ssc|s cos||n¸ up |o ` 5OOO/- erc fu||y ocprcc|e|co |n |hc ycer of ecqu|s|||on.
12.2.o Cos| of sof|verc rcco¸n|zco es |n|en¸|c|c essc|, |s emor||sco on s|re|¸h| ||nc mc|hoo ovcr e pcr|oo of |c¸e| 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
|c¸e| r|¸h| |o usc fo||ov|n¸ |hc re|cs eno mc|hooo|o¸y no||nco cy C||C ¹er|ff |c¸u|e||ons, 2OO9.
12.2.7 \hcrc |hc cos| of ocprcc|ec|c essc|s hes unocr¸onc e chen¸c our|n¸ |hc ycer ouc |o |ncrcesc/occrcesc |n |on¸ |crm
||ec|||||cs on eccoun| of cxchen¸c nuc|ue||on, pr|cc eo¦us|mcn|, chen¸c |n ou||cs or s|m||er fec|ors, |hc unemor||sco
ce|encc of such essc| |s cher¸co off prospcc||vc|y e| |hc re|cs eno mc|hooo|o¸y no||nco cy C||C ¹er|ff |c¸u|e||ons,
2OO9/ rcv|sco uscfu| ||fc oc|crm|nco cesco on re|cs spcc|nco |n Schcou|c ×lv of |hc Compen|cs /c|, 195o.
12.2.8 \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 cher¸co off prospcc||vc|y ovcr |hc rcv|sco uscfu| ||fc
oc|crm|nco cy |cchn|ce| esscssmcn|.
12.2.9 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 |rrc¸u|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 e| |hc re|cs eno mc|hooo|o¸y no||nco cy C||C ¹er|ff |c¸u|e||ons, 2OO9 for such ||cms of p|en| eno
mech|ncry.
12.2.1O 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 pro¦cc| 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 cher¸co
off |o rcvcnuc.
12.2.11 |cescho|o |eno eno cu||o|n¸s erc fu||y emor||sco ovcr 25 ycers or |cesc pcr|oo vh|chcvcr |s |css fo||ov|n¸ |hc re|cs
eno mc|hooo|o¸y no||nco cy C||C ¹er|ff |c¸u|e||ons, 2OO9. |cescho|o |eno ecqu|rco on pcrpc|ue| |cesc |s no|
emor||sco.
12.2.12 |eno ecqu|rco unocr Coe| bcer|n¸ /rces ,/cqu|s|||on & |cvc|opmcn|) /c|, 1957 |s emor||sco on |hc ces|s of |cesc
pcr|oo or ce|encc uscfu| ||fc of |hc rcspcc||vc pro¦cc| vh|chcvcr |s |css.
12.2.13 |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 cher¸co |o rcvcnuc |n |hc ycer |ncurrco.
12.2.14 |rc||m|nery cxpcnscs on eccoun| of ncv pro¦cc|s |ncurrco pr|or |o epprove| of fces|c||||y rcpor|/|cchno cconom|c
c|cerencc erc cher¸co |o rcvcnuc.
12.2.15 /c|uer|e| ¸e|ns/|osscs |n rcspcc| of '|mp|oycc bcncn| ||ens' erc rcco¸n|sco |n |hc s|e|cmcn| of |ron| & |oss /ccoun|.
12.2.1o |c| prc-comm|ss|on|n¸ |ncomc/cxpcno||urc |s eo¦us|co o|rcc||y |n |hc cos| of rc|e|co essc|s eno sys|cms.
12.2.17 |rcpe|o cxpcnscs eno pr|or pcr|oo cxpcnscs/|ncomc of ||cms of ` 1OO,OOO/- eno cc|ov erc cher¸co |o ne|ure|
hceos of eccoun|s.
12.2.18 Cerpc| coe| |s cher¸co off |o coe| consump||on. |ovcvcr, our|n¸ prc-comm|ss|on|n¸ pcr|oo, cerpc| coe| |s rc|e|nco
|n |nvcn|or|cs eno cher¸co off |o consump||on |n |hc nrs| ycer of commcrc|e| opcre||on. ¹rens|| eno heno||n¸ |osscs
of coe| es pcr norms erc |nc|uoco |n cos| of coe|.
13. LEASES
13.1 |l|/|C| ||/S|
13.1.1 /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.
13.1.2 |cprcc|e||on on |hc essc|s |e|cn on nnencc |cesc |s cher¸co e| |hc re|c epp||cec|c |o s|m||er |ypc of nxco essc|s
es pcr eccoun||n¸ po||cy no. 12.2.1 or 12.2.2. 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 cher¸co ovcr ||s uscfu| ||fc or |cesc pcr|oo, vh|chcvcr |s |css.
13.1.3 |cesc peymcn|s erc eppor||onco cc|vccn |hc nnencc cher¸cs eno ou|s|eno|n¸ ||ec||||y |n rcspcc| of essc|s |e|cn
on |cesc.
13.2 O|||/¹l|G ||/S|
/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 cher¸co |o rcvcnuc.
14. PROVISIONS AND CONTINGENT LIABILITIES
/ prov|s|on |s rcco¸n|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 mene¸cmcn| 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||n¸cn| ||ec|||||cs erc o|sc|osco on |hc ces|s of ¦uo¸mcn| of |hc mene¸cmcn|/|nocpcnocn| cxpcr|s. ¹hcsc erc
rcv|cvco e| cech ce|encc shcc| oe|c eno erc eo¦us|co |o rcncc| |hc currcn| mene¸cmcn| cs||me|c.
15. 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'.
NTPC Limited Consolidated Financial Statements
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Annual Report 2010-2011 2O2
CONSOLIDATED BALANCE SHEET
` crorc
As at March 31, SC|||0|| 2011 2O1O
SOURCES OF FUNDS
SHAREHOLDERS’ FUNDS
Sherc Cep||e| 1 8,245.46 8,245.4o
|cscrvcs eno surp|us 2 60,139.10 54,371.82
68,384.56 o2,o17.28
FLY ASH UTILISATION FUND 58.96 12
DEFERRED REVENUE ON ACCOUNT OF ADVANCE AGAINST DEPRECIATION 3 792.05 1,o1O.84
DEFERRED INCOME FROM FOREIGN CURRENCY FLUCTUATION 62.43 -
LOAN FUNDS
Sccurco |oens 4 17,426.40 15,37o.43
0nsccurco |oens 5 33,328.43 28,772.1O
50,754.83 44,148.53
DEFERRED FOREIGN CURRENCY FLUCTUATION LIABILITY 96.67 o1.O5
DEFERRED TAX LIABILITY (NET) 4,640.14 3,O8o.92
|css: |ccovcrec|c 3,968.49 2,857.21
671.65 229.71
MINORITY INTEREST 485.05 278.9o
TOTAL 121,306.20 1O8,95o.99
APPLICATION OF FUNDS
GOODWILL ON CONSOLIDATION 0.62 2
FIXED ASSETS
Gross b|oc| o 79,209.51 71,52o.77
|css: |cprcc|e||on//mor||se||on 34,346.30 32,722.o4
|c| b|oc| 44,863.21 38,8O4.13
Cep||e| \or|-|n-|ro¸rcss 7 38,566.11 31,255.94
Cons|ruc||on s|orcs eno eovenccs 8 6,288.89 o,42o.12
89,718.21 7o,48o.19
INVESTMENTS 9 8,357.33 11,777.o1
DEFERRED FOREIGN CURRENCY FLUCTUATION ASSET 459.15 3o5.25
CURRENT ASSETS, LOANS AND ADVANCES
lnvcn|or|cs 1O 3,910.83 3,532.9o
Sunory occ|ors 11 8,399.87 7,O8O.81
Cesh eno cen| ce|enccs 12 17,859.83 1o,O53.O1
O|hcr currcn| essc|s 13 1,071.58 8o8.O2
|oens eno eovenccs 14 6,803.21 5,o89
38,045.32 33,215.49
LESS: CURRENT LIABILITIES AND PROVISIONS
Currcn| ||ec|||||cs 15 12,438.76 9,757.92
|rov|s|ons 1o 2,835.67 3,15O.33
15,274.43 12,9O8.25
|c| currcn| essc|s 22,770.89 2O,3O7.24
DEFERRED EXPENDITURE FROM FOREIGN CURRENCY FLUCTUATION - 2O.O8
TOTAL 121,306.20 1O8,95o.99
|o|cs on eccoun|s 2o
Schcou|cs 1 |o 2o eno eccoun||n¸ po||c|cs form en |n|c¸re| per| of eccoun|s.
|or eno on cche|f of |hc boero of ||rcc|ors
, /.|.|es|o¸|) ,/.|.S|n¸he|) , /rup |oy Chouohury)
Compeny Sccrc|ery ||rcc|or ,||nencc) Che|rmen & Vene¸|n¸ ||rcc|or
/s pcr our rcpor| of cvcn oe|c
|or |ess Gup|e & /ssoc|e|cs |or |.|.Son| & Co. |or verme & verme
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,/sho| |umer !e|n) ,S.S. Son|) ,C.G. |en|e¦e|shen)
|er|ncr |er|ncr |er|ncr
V |9O5o3 V |94227 V |2O512
|or |ere|h & Co. |or b.C. !e|n & Co. |or S.|. Vch|e & Co.
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,v.|. Ven|r|) ,||shech !e|n) ,|oh|| Vch|e)
|er|ncr |er|ncr |er|ncr
V |74o78 V |o.4OO912 V.|91382
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O11
35
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Annual Report 2010-2011 2O3
CONSOLIDATED PROFIT & LOSS ACCOUNT
` crorc
For the year ended March 31, SC|||0|| 2011 2O1O
INCOME
Se|cs ,Gross) 17 57,731.93 48,53O.74
|css: ||cc|r|c||y ou|y 313.47 274.29
Se|cs ,|c|) 57,418.46 48,25o.45
|ncr¸y ln|crne||y consumco 64.71 55.14
|rov|s|ons vr|||cn cec| 18 7.84 12.79
O|hcr |ncomc 19 2,517.17 2,879.18
Total 60,008.18 51,2O3.5o
EXPENDITURE
|uc| 36,414.35 3O,187.oo
||cc|r|c||y purchesco 7.90 1.21
|mp|oyccs' rcmuncre||on eno ccncn|s 2O 2,922.26 2,523.O9
Cos| of me|cr|e| eno scrv|ccs 247.14 182.3o
Gcncre||on, eom|n|s|re||on & o|hcr cxpcnscs 21 2,921.00 2,334.81
|cprcc|e||on//mor||se||on 2,719.69 2,894.38
|rov|s|ons 22 1,552.77 12.35
ln|crcs| eno nnencc cher¸cs 23 2,492.87 2,O78.18
Total 49,277.98 4O,214.O4
Pro?t before Tax and Prior Period Adjustments 10,730.20 1O,989.52
|r|or |cr|oo |ncomc/cxpcno||urc ,nc|) 24 (1,662.13) ,59.59)
Pro?t before tax 12,392.33 11,O49.11
Provision for :
Currcn| |ex
Currcn| ycer 2,546.14 2,5O4.48
|er||cr ycers 56.02 ,525.4O)
|r|n¸c bcncn| |ex
|er||cr ycers - 2.7O
|cfcrrco |ex
Currcn| ycer 181.49 229.o3
|er||cr ycers 260.45 -
|css: Currcn|/|r|n¸c bcncn| ¹ex |rensfcrrco |o cxpcno||urc - ,O.O5)
our|n¸ cons|ruc||on/|cvc|opmcn| of coe| m|ncs
3,044.10 2,211.4o
Pro?t after tax 9,348.23 8,837.o5
be|encc crou¸h| forvero 3.35 ,77.2o)
\r||c cec| from bono |cocmp||on |cscrvc 250.00 2OO.OO
be|encc eve||ec|c for eppropr|e||on 9,601.58 8,9oO.39
Appropriations
¹rensfcr |o bonos |cocmp||on |cscrvc 494.94 497.78
¹rensfcr |o Cep||e| |cscrvc 6.87 4.97
¹rensfcr |o Gcncre| |cscrvc 5,216.14 4,772.7O
||v|ocno
ln|cr|m 2,473.63 2,473.o3
||ne|-|roposco 662.18 o75.53
¹ex on ||v|ocno
ln|cr|m 410.84 42O.4O
||ne|-|roposco 107.65 112.O3
Balance carried to Balance Sheet 229.33 3.35
Expenditure during construction (net) 25
|ern|n¸ |cr Sherc ,|qu||y shercs, fecc ve|uc ` 1O/- cech) - bes|c eno |||u|co - ,`) 11.34 1O.72
|o|cs on /ccoun|s 2o
Schcou|cs 1 |o 2o eno eccoun||n¸ po||c|cs form en |n|c¸re| per| of eccoun|s.
¹o|e| lncomc |nc|uocs ` 2,471.87 Crore ,|rcv|ous ycer ` 1,83o.92 Crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
¹o|e| |xpcno||urc |nc|uocs ` 2,153.16 Crore ,|rcv|ous ycer ` 1,723.79 Crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
¹hc pron| ef|cr |ex |s |nc|us|vc of ,-) ` 5.17 Crore ,|rcv|ous ycer ,-) ` O.O3 Crorc) |overos m|nor||y |n|crcs| eno ` 239.76 Crore ,|rcv|ous ycer ` o8.45 Crorc)
|overos sherc of ¦o|n||y con|ro||co cn||||cs.
|or eno on cche|f of |hc boero of ||rcc|ors
, /.|.|es|o¸|) ,/.|.S|n¸he|) , /rup |oy Chouohury)
Compeny Sccrc|ery ||rcc|or ,||nencc) Che|rmen & Vene¸|n¸ ||rcc|or
/s pcr our rcpor| of cvcn oe|c
|or |ess Gup|e & /ssoc|e|cs |or |.|.Son| & Co. |or verme & verme
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,/sho| |umer !e|n) ,S.S. Son|) ,C.G. |en|e¦e|shen)
|er|ncr |er|ncr |er|ncr
V |9O5o3 V |94227 V |2O512
|or |ere|h & Co. |or b.C. !e|n & Co. |or S.|. Vch|e & Co.
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,v.|. Ven|r|) ,||shech !e|n) ,|oh|| Vch|e)
|er|ncr |er|ncr |er|ncr
V |74o78 V |o.4OO912 V.|91382
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O11
35
th
Annual Report 2010-2011 2O4
NTPC Limited Consolidated Financial Statements
CASH FLOW STATEMENT
` crorc
For the Year ended March 31, 2011 2O1O
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Pro?t before tax and Prior Period Adjustments 10,730.20 1O,989.52
Adjustment for:
|cprcc|e||on//mor||se||on 2,719.69 2,894.38
|r|or pcr|oo ocprcc|e||on/emor||se||on (1,170.72) 25.42
|rov|s|ons 1,552.77 12.35
|cfcrrco rcvcnuc on eccoun| of /ovencc /¸e|ns| |cprcc|e||on (818.79) ,325.17)
|cfcrrco |orc|¸n Currcncy ||uc|ue||on /ssc|s/||ec||||y (58.28) o14.84
|cfcrrco lncomc from forc|¸n currcncy nuc|ue||on 90.46 ,o4O.Oo)
ln|crcs| cher¸cs 3,804.66 2,977.8o
Gueren|cc |cc & o|hcr ||nencc cher¸cs 62.09 o3.85
ln|crcs|/lncomc on bonos/lnvcs|mcn| (852.93) ,1,OO7.99)
|r|or |cr|oo /o¦us|mcn|s ,|c|) 1,662.13 59.59
||v|ocno lncomc (21.13) ,o.84)
|rov|s|ons \r|||cn bec| (7.84) ,12.79)
O|hcrs ,bonos |ssuc eno Scrv|c|n¸ |xpcnscs) 2.53 2.54
6,964.64 4,o57.98
Operating Pro?t before Working Capital Changes 17,694.84 15,o47.5O
Adjustment for:
¹reoc eno O|hcr |ccc|vec|cs (2,850.90) ,3,2o3.29)
lnvcn|or|cs (252.20) ,42.48)
¹reoc |eyec|cs eno O|hcr ||ec|||||cs 1,480.93 173.5O
|oens eno /ovenccs (689.86) 2,178.O2
O|hcr Currcn| /ssc|s (273.75) 54.2O
(2,585.78) ,9OO.O5)
Cash generated from operations 15,109.06 14,747.45
||rcc| ¹excs |e|o (3,034.16) ,2,798.52)
Net Cash from Operating Activities - A 12,074.90 11,948.93
B. CASH FLOW FROM INVESTING ACTIVITIES
|urchesc of ||xco /ssc|s (13,735.84) ,14,O34.73)
|urchesc of lnvcs|mcn|s (15,848.17) ,1O,52O.79)
Se|c of lnvcs|mcn| 19,268.07 1O,439.52
ln|crcs|/lncomc on bonos/lnvcs|mcn| |ccc|vco 923.12 1,O79.11
lncomc ¹ex on ln|crcs|/lncomc on bonos/lnvcs|mcn| - ,2.5o)
||v|ocno |ccc|vco 21.13 o.84
Net cash used in Investing Activities - B (9,371.69) ,13,O32.o1)
C. CASH FLOW FROM FINANCING ACTIVITIES
|rocccos from |on¸ ¹crm borrov|n¸s 11,370.82 9,175.51
|cpeymcn| of |on¸ ¹crm borrov|n¸s (5,108.44) ,2,751.32)
Gren| |ccc|vco//sh u||||se||on rcscrvc c|c. 327.50 17o.5O
ln|crcs| |e|o (3,745.62) ,2,97o.o1)
Gueren|cc |cc & o|hcr ||nencc cher¸cs |e|o (65.88) ,o3.23)
||v|ocno |e|o (3,149.16) ,3,138.o7)
¹ex on ||v|ocno (523.08) ,533.4O)
O|hcrs ,|qu||y/bonos |ssuc & scrv|c|n¸ cxpcnscs) (2.53) ,2.54)
Net Cash ?ow from Financing Activities - C (896.39) ,113.7o)
Net Increase/Decrease in Cash and Cash equivalents (A+B+C) 1,806.82 ,1,197.44)
Cash and cash equivalents (Opening balance) * 16,053.01 17,25O.45
Cash and cash equivalents (Closing balance) * 17,859.83 1o,O53.O1
Notes :
1 Cesh eno Cesh |qu|ve|cn|s cons|s|s of Cesh |n |eno eno ce|encc v||h ben|s.
2 |rcv|ous ycer's n¸urcs hevc cccn rc¸roupco/rcerren¸co vhcrcvcr ncccssery.
* lnc|uocs ` 11.69 crore ,prcv|ous /cer ` 11.o9 crorc) ocpos||co es sccur||y v||h Govcrnmcn| & o|hcr eu|hor|||cs vh|ch erc no| eve||ec|c for usc.
* lnc|uocs ` 10.25 crore ,prcv|ous /cer ` 22.57 crorc) |y|n¸ |n ocs|¸ne|co cen| eccoun|s |overos unc|e|mco ||v|ocno.
|or eno on cche|f of |hc boero of ||rcc|ors
, /.|.|es|o¸|) ,/.|.S|n¸he|) , /rup |oy Chouohury)
Compeny Sccrc|ery ||rcc|or ,||nencc) Che|rmen & Vene¸|n¸ ||rcc|or
/s pcr our rcpor| of cvcn oe|c
|or |ess Gup|e & /ssoc|e|cs |or |.|.Son| & Co. |or verme & verme
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,/sho| |umer !e|n) ,S.S. Son|) ,C.G. |en|e¦e|shen)
|er|ncr |er|ncr |er|ncr
V |9O5o3 V |94227 V |2O512
|or |ere|h & Co. |or b.C. !e|n & Co. |or S.|. Vch|e & Co.
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,v.|. Ven|r|) ,||shech !e|n) ,|oh|| Vch|e)
|er|ncr |er|ncr |er|ncr
V |74o78 V |o.4OO912 V.|91382
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O11
35
th
Annual Report 2010-2011 2O5
Schedules forming part of Consolidated Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 1
SHARE CAPITAL
AUTHORISED
1O,OO,OO,OO,OOO cqu||y shercs of ` 1O/- cech ,prcv|ous
ycer 1O,OO,OO,OO,OOO cqu||y shercs of ` 1O/- cech) 10,000.00 1O,OOO.OO
ISSUED, SUBSCRIBED AND PAID-UP
8,24,54,o4,4OO cqu||y shercs of ` 1O/- cech fu||y pe|o-up , prcv|ous
ycer 8,24,54,o4,4OO cqu||y shercs of ` 1O/- cech fu||y pe|o-up) 8,245.46 8,245.4o
Schedule 2
RESERVES AND SURPLUS
Cep||e| |cscrvc
/s pcr |es| be|encc Shcc| 282.44 198.14
/oo : /oo|||ons our|n¸ |hc ycer 6.87 9.25
/oo : Gren|s rccc|vco our|n¸ |hc ycer 113.18 75.O5
|css : /o¦us|mcn|s our|n¸ |hc ycer 39.67 -
362.82 282.44
Sccur||y |rcm|um /ccoun| 2,228.11 2,228.11
bonos |cocmp||on |cscrvc
/s pcr |es| be|encc Shcc| 1,986.72 1,o88.94
/oo : ¹rensfcr from |ron| & |oss /ccoun| 494.94 497.78
|css : \r||c cec| our|n¸ |hc ycer 250.00 2OO.OO
2,231.66 1,98o.72
Gcncre| |cscrvc
/s pcr |es| be|encc Shcc| 49,871.20 45,124.34
/oo : ¹rensfcr from |ron| & |oss /ccoun| 5,216.14 4,772.7O
|css: /o¦us|mcn|s our|n¸ |hc ycer 0.16 25.84
55,087.18 49,871.2O
Surp|us |n |ron| & |oss /ccoun| 229.33 3.35
Total
#
60,139.10 54,371.82
# lnc|uocs ,-) ` 171.70 crore ,prcv|ous ycer ,-) ` 57.9O crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
Schedule 3
DEFERRED REVENUE - ON ACCOUNT OF ADVANCE AGAINST DEPRECIATION
/s pcr |es| be|encc Shcc| 1,610.84 1,931
/oo : |cvcnuc ocfcrrco our|n¸ |hc ycer 27.73 24.41
|css: |cvcrsco our|n¸ |hc ycer 39.28 32.8O
|css: |cvcnuc rcco¸n|sco our|n¸ |hc ycer 807.24 31o.78
Total
#
792.05 1,o1O.84
# lnc|uocs ` Nil ,prcv|ous ycer ` |||) sherc of ¦o|n||y con|ro||co cn||||cs.
35
th
Annual Report 2010-2011 2Oo
Schedules forming part of Consolidated Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 4
SECURED LOANS
Bonds
1O.OO% Sccurco |on-Convcr||c|c ¹exec|c bonos of ` 1O,OO,OOO/- cech v||h nvc cque| Scpere|c|y
¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per e| |hc cno of |hc o
|h
ycer eno |n ennue|
|ns|e|mcn|s |hcrcef|cr up|o |hc cno of 1O
|h
ycer rcspcc||vc|y from 5
|h
Scp|cmccr 2OO1 ,¹vc|f|h lssuc -
|r|ve|c ||eccmcn|)
1
100.00 2OO.OO
9.55% Sccurco |on-Cumu|e||vc |on-Convcr||c|c ¹exec|c |coccmec|c bonos 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 ,¹h|r|ccn|h lssuc -|er| / - |r|ve|c ||eccmcn|)
2
525.00 oOO.OO
9.55% Sccurco |on-Cumu|e||vc |on-Convcr||c|c ¹exec|c |coccmec|c bonos of ` 1O,OO,OOO/- cech v||h
|cn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per e| |hc cno of |hc
o
|h
ycer eno |n ennue| |ns|e|mcn|s |hcrcef|cr up|o |hc cno of 15
|h
ycer rcspcc||vc|y from 3O
|h
/pr|| 2OO2
,¹h|r|ccn|h lssuc - |er| b - |r|ve|c ||eccmcn|)
2
525.00 oOO.OO
8.OO% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 1O
|h
/pr|| 2O18 ,S|x|ccn|h lssuc -|r|ve|c ||eccmcn|)
3
100.00 1OO.OO
8.48% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 1
s|
Vey 2O23 ,Scvcn|ccn|h lssuc - |r|ve|c ||eccmcn|)
3
50.00 5O.OO
5.95% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech v||h
nvc cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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 1O
|h
ycer rcspcc||vc|y from 15
|h
Scp|cmccr 2OO3
,||¸h|ccn|h lssuc - |r|ve|c ||eccmcn|)
4
300.00 4OO.OO
7.5O% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 12
|h
!enuery 2O19 ,||nc|ccn|h lssuc - |r|ve|c ||eccmcn|)
5
50.00 5O.OO
7.552% Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 2O,OO,OOO/- cech v||h
|vcn|y cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-ennue||y
commcnc|n¸ from 23
ro
Scp|cmccr 2OO9 eno cno|n¸ on 23
ro
Verch 2O19 ,¹vcn||c|h lssuc - |r|ve|c
||eccmcn|)
o
400.00 45O.OO
7.7125% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 2O,OO,OOO/- cech
v||h |vcn|y cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-
ennue||y commcnc|n¸ from 2
no
/u¸us| 2O1O eno cno|n¸ on 2
no
|ccruery 2O2O ,¹vcn|y nrs| |ssuc - |r|ve|c
||eccmcn|)
7
900.00 1,OOO.OO
8.1771% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 2O,OO,OOO/- cech
v||h |vcn|y cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-
ennue||y commcnc|n¸ from 2
no
!u|y 2O11 eno cno|n¸ on 2
no
!enuery 2O21 ,¹vcn|y sccono |ssuc - |r|ve|c
||eccmcn|)
8
500.00 5OO.OO
8.379o% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 2O,OO,OOO/- cech
v||h |vcn|y cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-
ennue||y commcnc|n¸ from 5
|h
/u¸us| 2O11 eno cno|n¸ on 5
|h
|ccruery 2O21 ,¹vcn|y |h|ro |ssuc - |r|ve|c
||eccmcn|)
8
500.00 5OO.OO
8.oO77% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 2O,OO,OOO/- cech
v||h |vcn|y cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-
ennue||y commcnc|n¸ from 9
|h
Scp|cmccr 2O11 eno cno|n¸ on 9
|h
Verch 2O21 ,¹vcn|y four|h |ssuc -
|r|ve|c ||eccmcn|)
8
500.00 5OO.OO
9.37% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 7O,OO,OOO/- cech v||h
four|ccn Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-ennue||y
commcnc|n¸ from 4
|h
!unc 2O12 eno cno|n¸ on 4
|h
|cccmccr 2O18 ,¹vcn|y nf|h |ssuc - |r|ve|c ||eccmcn|)
9
500.00 5OO.OO
9.Oo% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 7O,OO,OOO/- cech v||h
four|ccn Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) rcoccmec|c e| per scm|-ennue||y
commcnc|n¸ from 4
|h
!unc 2O12 eno cno|n¸ on 4
|h
|cccmccr 2O18 ,¹vcn|y s|x|h |ssuc - |r|ve|c
||eccmcn|)
9
500.00 5OO.OO
11.25% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
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 ,¹vcn|y scvcn|h |ssuc - |r|ve|c ||eccmcn|)
9
350.00 35O.OO
11% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 21
s|
|ovcmccr 2O18 ,¹vcn|y ||¸h|h |ssuc - |r|ve|c ||eccmcn|)
9
1,000.00 1,OOO.OO
8.o5% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 4
|h
|ccruery 2O19 ,¹vcn|y n|n|h |ssuc - |r|ve|c ||eccmcn|)
9
550.00 55O.OO
7.89% Sccurco |on-Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 5
|h
Vey 2O19 ,¹h|r||c|h |ssuc - |r|ve|c ||eccmcn|)
9
700.00 7OO.OO
35
th
Annual Report 2010-2011 2O7
Schedules forming part of Consolidated Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 4
SECURED LOANS
8.78 % Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 9
|h
Verch 2O2O ,¹h|r|y nrs| |ssuc- |r|ve|c ||eccmcn|)
9
500.00 -
8.8493% Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 15,OO,OOO/- cech
v||h nf|ccn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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
25
|h
Verch 2O1o eno cno|n¸ on 25
|h
Verch 2O3O ,¹h|r|y sccono lssuc - |r|ve|c ||eccmcn|)
9
105.00 -
8.73 % Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 31
s|
Verch 2O2O ,¹h|r|y |h|ro |ssuc- |r|ve|c ||eccmcn|)
9
195.00 -
8.71% Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 15,OO,OOO/- cech v||h
nf|ccn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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 1O
|h

!unc 2O1o eno cno|n¸ on 1O
|h
!unc 2O3O ,¹h|r|y four|h lssuc - |r|ve|c ||eccmcn|)
9
150.00 -
8.785% Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 15,OO,OOO/- cech v||h
nf|ccn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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 15
|h

Scp|cmccr 2O1o eno cno|n¸ on 15
|h
Scp|cmccr 2O3O ,¹h|r|y nf|h lssuc - |r|ve|c ||eccmcn|)
9
120.00 -
8.8O8o% Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 15,OO,OOO/- cech
v||h nf|ccn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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
15
|h
|cccmccr 2O1o eno cno|n¸ on 15
|h
|cccmccr 2O3O ,¹h|r|y s|x|h lssuc - |r|ve|c ||eccmcn|)
9
75.00 -
8.93% Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 19
|h
!enuery 2O21 ,¹h|r|y scvcn|h lssuc - |r|ve|c ||eccmcn|)
9
300.00 -
Loans and Advances from Banks and Financial Institutions
|orc|¸n Currcncy ¹crm |oens ,Gueren|cco cy Govcrnmcn| of lno|e) ,|uc for rcpeymcn| v||h|n onc ycer
` 156.78 crore, prcv|ous ycer ` 137.53 crorc)
1O
414.47 528.o5
|upcc ¹crm |oens ,|uc for rcpeymcn| v||h|n onc ycer ` 197.77 crore, prcv|ous ycer ` 379.3O crorc)
11
7,476.20 o,284.34
Cesh crco|| ,Sccurco e¸e|ns| |nvcn|ory eno ¹reoc |cc|ors of |en|| b|¦|cc 0|peoen ||¸em ||o.) 39.40 12.O9
Other Loans and Advances
Oc||¸e||ons unocr nnencc |cesc ,|uc for rcpeymcn| v||h|n onc ycer ` 0.59 crore, prcv|ous ycer ` 4
crorc)
12
1.33 1.35
Total
#
17,426.40 15,37o.43
# lnc|uocs ` 7,351.79 crore ,prcv|ous ycer ` o,284.4O crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
Notes:
1 Sccurco cy ,l) |n¸||sh mor|¸e¸c, on nrs| cher¸c 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|n¸reu|| Supcr ¹hcrme| |ovcr S|e||on, /n|e Ges |ovcr S|e||on, /ure|ye Ges |ovcr
S|e||on, berh Supcr ¹hcrme| |ovcr |ro¦cc|, |ere||e Supcr ¹hcrme| |ovcr S|e||on, |ehe|¸eon Supcr ¹hcrme| |ovcr S|e||on, |o|oem |yoc| |ovcr
|ro¦cc|, S|mheor| Supcr ¹hcrme| |ovcr |ro¦cc|, S|pe| Supcr ¹hcrme| |ovcr |ro¦cc|, ¹e|chcr ¹hcrme| |ovcr S|e||on, ¹e|chcr Supcr ¹hcrme| |ovcr
|ro¦cc|, ¹enoe ¹hcrme| |ovcr S|e||on, v|nohyeche| Supcr ¹hcrme| |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 |ro¦cc| eno ¹epoven-v|shnu¸eo |yoro |ovcr |ro¦cc| es nrs| cher¸c,
ren||n¸ per|-pessu v||h cher¸c, |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 Vor|¸e¸c, cy vey of nrs| cher¸c, cy ocpos|| of ||||c occos of |hc |mmovec|c propcr||cs
pcr|e|n|n¸ |o S|n¸reu|| Supcr ¹hcrme| |ovcr S|e||on.
2 Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c 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|n¸reu|| Supcr ¹hcrme| |ovcr S|e||on, /n|e Ges |ovcr S|e||on, /ure|ye
Ges |ovcr S|e||on, berh Supcr ¹hcrme| |ovcr |ro¦cc|, |ere||e Supcr ¹hcrme| |ovcr S|e||on, |ehe|¸eon Supcr ¹hcrme| |ovcr S|e||on, |o|oem
|yoc| |ovcr |ro¦cc|, S|mheor| Supcr ¹hcrme| |ovcr |ro¦cc|, S|pe| Supcr ¹hcrme| |ovcr |ro¦cc|, ¹e|chcr ¹hcrme| |ovcr S|e||on, ¹e|chcr Supcr
¹hcrme| |ovcr |ro¦cc|, ¹enoe ¹hcrme| |ovcr S|e||on, v|nohyeche| Supcr ¹hcrme| |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 |ro¦cc| eno ¹epoven-v|shnu¸eo |yoro |ovcr |ro¦cc| es
nrs| cher¸c, ren||n¸ per|-pessu v||h cher¸c, |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|¸e¸c of |hc |mmovec|c propcr||cs, on nrs| per|-pessu cher¸c ces|s, pcr|e|n|n¸
|o S|n¸reu|| Supcr ¹hcrme| |ovcr S|e||on cy cx|cns|on of cher¸c e|rceoy crce|co.
3 Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |qu||ec|c mor|¸e¸c,
cy vey of nrs| cher¸c, cy ocpos|| of ||||c occos of |hc |mmovec|c propcr||cs pcr|e|n|n¸ |o |e||one| Cep||e| |ovcr S|e||on.
35
th
Annual Report 2010-2011 2O8
Schedules forming part of Consolidated Balance Sheet
Schedule 4
SECURED LOANS
Notes:
4 Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c 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|n¸reu|| Supcr ¹hcrme| |ovcr S|e||on, /n|e Ges |ovcr S|e||on, /ure|ye
Ges |ovcr S|e||on, berh Supcr ¹hcrme| |ovcr |ro¦cc|, |ere||e Supcr ¹hcrme| |ovcr S|e||on, |ehe|¸eon Supcr ¹hcrme| |ovcr S|e||on, |o|oem
|yoc| |ovcr |ro¦cc|, S|mheor| Supcr ¹hcrme| |ovcr |ro¦cc|, S|pe| Supcr ¹hcrme| |ovcr |ro¦cc|, ¹e|chcr ¹hcrme| |ovcr S|e||on, ¹e|chcr Supcr
¹hcrme| |ovcr |ro¦cc|, ¹enoe ¹hcrme| |ovcr S|e||on, v|nohyeche| Supcr ¹hcrme| |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 |ro¦cc| eno ¹epoven-v|shnu¸eo |yoro |ovcr |ro¦cc| es
nrs| cher¸c, ren||n¸ per|-pessu v||h cher¸c, |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|¸e¸c of |hc |mmovec|c propcr||cs, on nrs| per|-pessu cher¸c ces|s, pcr|e|n|n¸
|o |e||one| Cep||e| |ovcr S|e||on cy cx|cns|on of cher¸c e|rceoy crce|co.
5 Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c 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|n¸reu|| Supcr ¹hcrme| |ovcr S|e||on, /n|e Ges |ovcr S|e||on, /ure|ye
Ges |ovcr S|e||on, berh Supcr ¹hcrme| |ovcr |ro¦cc|, |ere||e Supcr ¹hcrme| |ovcr S|e||on, |ehe|¸eon Supcr ¹hcrme| |ovcr S|e||on, |o|oem
|yoc| |ovcr |ro¦cc|, S|mheor| Supcr ¹hcrme| |ovcr |ro¦cc|, S|pe| Supcr ¹hcrme| |ovcr |ro¦cc|, ¹e|chcr ¹hcrme| |ovcr S|e||on, ¹e|chcr Supcr
¹hcrme| |ovcr |ro¦cc|, ¹enoe ¹hcrme| |ovcr S|e||on, v|nohyeche| Supcr ¹hcrme| |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 |ro¦cc| eno ¹epoven-v|shnu¸eo |yoro |ovcr |ro¦cc| es
nrs| cher¸c, ren||n¸ per|-pessu v||h cher¸c, |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|.
o Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |qu||ec|c mor|¸e¸c,
cy vey of nrs| cher¸c, cy ocpos|| of ||||c occos of |hc |mmovec|c propcr||cs pcr|e|n|n¸ |o |eme¸unoem Supcr ¹hcrme| |ovcr S|e||on.
7 Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c 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 ¹hcrme| |ovcr |ro¦cc| on nrs| per|-pessu cher¸c ces|s, ren||n¸ per|
pessu v||h cher¸c e|rceoy crce|co |n fevour of ¹rus|cc for o|hcr Scr|cs of bonos eno ,lll) |qu||ec|c mor|¸e¸c of |hc |mmovec|c propcr||cs, on
nrs| per|-pessu cher¸c ces|s, pcr|e|n|n¸ |o |eme¸unoem Supcr ¹hcrme| |ovcr S|e||on cy cx|cns|on of cher¸c e|rceoy crce|co.
8 Sccurco cy ,l) |n¸||sh mor|¸e¸c,on nrs| per|-pessu cher¸c ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll)|qu||ec|c mor|¸e¸c,
cy vey of nrs| cher¸c, cy ocpos|| of |hc ||||c occos of |hc |mmovec|c propcr||cs pcr|e|n|n¸ |o S|pe| Supcr ¹hcrme| |ovcr |ro¦cc|.
9 Sccurco cy ,l) |n¸||sh mor|¸e¸c, on nrs| per| pessu cher¸c ces|s, of |hc ofncc prcm|scs of |hc Compeny e| Vumce| eno ,ll) |qu||ec|c mor|¸e¸c
of |hc |mmovec|c propcr||cs, on nrs| per|-pessu cher¸c ces|s, pcr|e|n|n¸ |o S|pe| Supcr ¹hcrme| |ovcr |ro¦cc| cy cx|cns|on of cher¸c e|rceoy
crce|co.
1O Sccurco cy |n¸||sh mor|¸e¸c/hypo|hcce||on of e|| |hc prcscn| eno fu|urc nxco eno movec|c essc|s of ||heno Supcr ¹hcrme| |ovcr S|e||on es
nrs| cher¸c, ren||n¸ per|-pessu v||h cher¸c e|rceoy crce|co, suc¦cc| |o hovcvcr, Compeny's ben|cr's nrs| cher¸c on ccr|e|n movec|c essc|s
hypho|hcce|co |o |hcm for vor||n¸ cep||e| rcqu|rcmcn|.
11 ,|) Sccurco cy e|| movec|c & |mmovec|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|e¸e¸c/hypo|hcce||on of e|| |hc prcscn| eno fu|urc ||xco /ssc|s eno Vovcec|c /ssc|s of bh||e| |xpens|on |ro¦cc|
,C|| - lll) cc|on¸|n¸ |o !o|n| vcn|urc cn|||y.
,|||) Sccurco cy cqu||ec|c mor|e¸e¸c/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, |ur¸epur,
bh||e| & Corpore|c ofncc cc|on¸|n¸ |o !o|n| vcn|urc cn|||y.
,|v) Sccurco cy nrs| cher¸c cy vey of hypo|hcce||on |n fevour of ||C ||o. of e|| movcec|c essc|s of lno|re Genoh| Supcr ¹hcrme| |ovcr |ro¦cc| ,3 ×
5OO V\) Coe| besco ¹hcrme| |ovcr |ro¦cc| e| !he¦¦er ||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 pro¦cc| cxccp| for spcc|nco rccc|vec|cs on vh|ch nrs| cher¸cs vou|o cc of
vor||n¸ cep||e| |cnocrs prcscn| eno fu|urc eno
Sccurco cy nrs| cher¸c cy vey of mor|¸e¸c cy ocpos|| of ||||c occo of |enos ,epprox 2O49.11 ecrcs) eno o|hcr |mmovec|c propcr||cs of
lno|re Genoh| Supcr ¹hcrme| |ovcr |ro¦cc| ,3 x 5OO V\) coe| cesco |hcrme| povcr pro¦cc| e| ¦he¦¦er o|s|r|c| |n S|e|c of |eryene |o¸c|hcr
v||h e|| cu||o|n¸s 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|¸e¸c/ hypo|hcce||on of e|| prcscn| eno fu|urc nxco eno movec|c essc|s of |ec|ne¸er ¹|| ,4*25O) V\ of e sucs|o|ery
compeny, es nrs| cher¸c, ren||n¸ per| pessu v||h cher¸c e|rceoy crce|co v||h ||C for oO% of |o|e| occ|s ces|s.
,v|) Sccurco cy cqu||ec|c mor|¸e¸c/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|||e¸c /n¦envc| Guhe¸er, ||s||. |e|ne¸|r| cc|on¸|n¸ |o !o|n| vcn|urc cn|||y suc¦cc| |o |hc nrs| cher¸c of Govcrnmcn| of lno|e
|o |hc cx|cn| of ` 13OO crorc.
12 Sccurco e¸e|ns| nxco essc|s oc|e|nco unocr nnencc |cesc.
Note:
Sccur||y covcr mcn||onco e| s|. no. 1 |o 9 |s ecovc 1OO% of |hc occ| sccur|||cs ou|s|eno|n¸.
35
th
Annual Report 2010-2011 2O9
Schedules forming part of Consolidated Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 5
UNSECURED LOANS
Fixed Deposits 13.26 13.39
,|uc for rcpeymcn| v||h|n onc ycer ` 0.87 crore, prcv|ous ycer ` O.58 crorc)
Bonds
8.78 % Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 9
|h
Verch 2O2O ,¹h|r|y nrs| |ssuc- |r|ve|c ||eccmcn|)*
- 5OO.OO
8.8493% Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 15,OO,OOO/- cech
v||h nf|ccn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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 25
|h
Verch 2O1o eno cno|n¸ on 25
|h
Verch 2O3O ,¹h|r|y sccono lssuc - |r|ve|c ||eccmcn|)*
- 1O5.OO
8.73 % Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 1O,OO,OOO/- cech
rcoccmec|c e| per on 31
s|
Verch 2O2O ,¹h|r|y |h|ro |ssuc- |r|ve|c ||eccmcn|)*
- 195.OO
9.17 % Sccurco |on Cumu|e||vc |on-Convcr||c|c |coccmec|c ¹exec|c bonos of ` 15,OO,OOO/- cech v||h
nf|ccn cque| Scpere|c|y ¹rensfcrec|c |coccmec|c |r|nc|pe| |er|s ,S¹|||) 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 22
no

Verch 2O17 eno cno|n¸ on 22
no
Verch 2O31,¹h|r|y c|¸h|h |ssuc- |r|ve|c ||eccmcn|)**
75.00 -
Foreign Currency Bonds / Notes
5.5O % |uroconos ,ouc for rcpeymcn| v||h |n onc ycer ` Nil, prcv|ous ycer ` 913.4O crorc) - 913.4O
5.875 % ||xco |e|c |o|cs ouc for rcpeymcn| on 2
no
Verch 2O1o 1,356.90 1,37O.1O
Loans and Advances
From Banks and Financial Institutions
|orc|¸n Currcncy ¹crm |oens ,Gueren|cco cy Govcrnmcn| of lno|e)
,|uc for rcpeymcn| v||h|n onc ycer ` 121.16 crore, prcv|ous ycer ` oO.97 crorc)
2,884.39 2,o38.29
O|hcr |orc|¸n Currcncy ¹crm |oens ,|uc for rcpeymcn| v||h|n onc ycer ` 647.39 crore, prcv|ous ycer
` 588.42 crorc)
6,035.20 4,9O3.4O
|upcc ¹crm |oens ,|uc for rcpeymcn| v||h|n onc ycer ` 1,880.17 crore, prcv|ous ycer ` 179o.21 crorc) 22,963.68 18,133.52
Total
#
33,328.43 28,772.1O
# lnc|uocs ` 50.87 crore ,prcv|ous ycer ` 55.OO crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
* S|ncc sccur|||sco eno o|sc|osco |n Sccurco |oens.
** ¹o cc sccurco cy rc¸|s|crco/cqu||ec|c mor|¸e¸c on |mmovec|c propcr||cs/hypo|hcce||on of movec|c essc|s.
35
th
Annual Report 2010-2011 21O
Schedules forming part of Consolidated Balance Sheet
Schedule 6
FIXED ASSETS
` crorc
Gross b|oc| |cprcc|e||on / /mor||se||on Net Block
/s e| |couc||ons/ As at 0p|o |or |couc||ons/ Upto As at /s e|
O1.O4.2O1O /oo|||ons /o¦us|mcn|s 31.03.2011 31.O3.2O1O |hc ycer /o¦us|mcn|s 31.03.2011 31.03.2011 31.O3.2O1O
TANGIBLE ASSETS
|eno :
,|nc|uo|n¸ ocvc|opmcn|)
|rccho|o 2,257.44 115.77 ,4O.13) 2,413.34 - - - - 2,413.34 2,257.44
|cescho|o 541.8O 14.99 ,4.53) 561.32 o7.23 25.4o ,2O.99) 113.68 447.64 474.57
|oeos,cr|o¸cs, cu|vcr|s & hc||peos 4o1.15 o7.8O O.3O 528.65 9o.98 2o.83 ,31.12) 154.93 373.72 3o4.17
bu||o|n¸ :
|rccho|o
Ve|n p|en| 2,87o.oo 293.35 ,1o.oO) 3,186.61 1,115.35 77.12 31.24 1,161.23 2,025.38 1,7o1.31
O|hcrs 2,O85.97 92.99 O.41 2,178.55 591.85 127.9o ,o3.48) 783.29 1,395.26 1,494.12
|cescho|o 5O.O4 - ,1.31) 51.35 18.95 2.58 ,O.55) 22.08 29.27 31.O9
¹cmporery crcc||on 33.49 3.31 4.29 32.51 33.O5 2.o5 4.1O 31.60 0.91 O.44
\e|cr Supp|y, ore|ne¸c & scvcre¸c sys|cm oO1.o9 19.O5 ,1.1O) 621.84 259.9o 22.31 o.19 276.08 345.76 341.73
VG| |rec| eno s|¸ne|||n¸ sys|cm 925.12 15o.2O ,2o.88) 1,108.20 551.28 3O.11 23.19 558.20 550.00 373.84
|e||vey S|o|n¸ 29O.Oo 49.12 O.O2 339.16 119.28 15.57 ,2.87) 137.72 201.44 17O.78
|er|h |em |cscrvo|r 179.8O 2O.77 O.11 200.46 o4.25 9.72 ,8.15) 82.12 118.34 115.55
||en| eno mech|ncry 59,531.95 5,734.89 ,7O4.59) 65,971.43 28,833.59 2,43O.88 1,274.33 29,990.14 35,981.29 3O,o98.3o
|urn||urc, nx|urcs & o|hcr ofncc cqu|pmcn| 4o8.41 44.o4 8.35 504.70 278.92 23.2o 13.2O 288.98 215.72 189.49
|||, \| mech|ncs eno S/¹COV cqu|pmcn| 344.o8 23.O7 o.9O 360.85 23O.79 25.52 17.3o 238.95 121.90 113.89
vch|c|cs |nc|uo|n¸ spccocoe|s 9.94 2.8o 1.34 11.46 o.79 O.49 1.45 5.83 5.63 3.15
Cons|ruc||on cqu|pmcn| 133.49 2o.2o 8.58 151.17 74.53 8.18 9.18 73.53 77.64 58.9o
||cc|r|ce| lns|e||e||ons 297.21 2o.94 2.4o 321.69 133.22 11.84 3.93 141.13 180.56 1o3.99
Commun|ce||on |qu|pmcn|s 83.7O o.11 ,O.38) 90.19 4O.99 4.5O O.32 45.17 45.02 42.71
|osp||e| |qu|pmcn|s 24.79 2.oo O.1O 27.35 14.98 9 O.8O 14.87 12.48 9.81
|ecore|ory eno vor|shop cqu|pmcn|s 25.39 o.79 ,1.55) 33.73 11.O5 2.35 O.4O 13.00 20.73 14.34
|cesco essc|s - vch|c|cs 2.39 O.59 O.34 2.64 1.O8 2 O.29 1.41 1.23 1.31
Cep||e| cxpcno||urc on essc|s no| ovnco cy
|hc Compeny
195.88 34.O5 19.51 210.42 113.37 15.97 7.81 121.53 88.89 82.51
/ssc|s of Govcrnmcn| 2.84 - - 2.84 - - - - 2.84 2.84
|css:Gren|s from Govcrnmcn| 2.84 - - 2.84 - - - - 2.84 2.84
/ssc|s hc|o for o|spose| ve|uco e|
nc| coo| ve|uc or nc| rce||sec|c ve|uc
vh|chcvcr |s |css
2.71 O.19 9 2.21 - - - - 2.21 2.71
INTANGIBLE ASSETS
||¸h| of 0sc - |eno 7.O1 O.71 ,O.O7) 7.79 O.25 1.O7 - 1.32 6.47 o.7o
- O|hcrs 8.47 1O1.oo ,89.39) 199.52 O.O9 5.82 ,O.75) 6.66 192.86 8.38
Sof|verc 87.53 5.O5 O.21 92.37 o4.81 17.73 ,O.31) 82.85 9.52 22.72
Total
#
71,526.77 6,849.82 (832.92) 79,209.51 32,722.64 2,889.23 1,265.57 34,346.30 44,863.21 38,804.13
|rcv|ous ycer o4,74O.9O o,7OO.4O ,85.47) 71,52o.77 29,775.45 3,O37.34 9O.15 32,722.o4 38,8O4.13 34,9o5.45
# lnc|uocs ` 5,261.18 crore ,prcv|ous ycer ` 3,844.oo crorc) sherc of ¦o|n||y con|ro||co cn||||cs
35
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Annual Report 2010-2011 211
Schedules forming part of Consolidated Balance Sheet
Schedule 7
CAPITAL WORK-IN-PROGRESS
` crorc

/s e|
O1.O4.2O1O /oo|||ons
|couc||ons &
/o¦us|mcn|s Cep||e||sco
As at
31.03.2011
|cvc|opmcn| of |eno 39O.95 1OO.12 14.91 O.24 475.92
|oeos, cr|o¸cs, cu|vcr|s & hc||peos 59.82 73.39 19.7O o7.8O 45.71
||||n¸ eno founoe||on 8o8.4O 12o.53 182.3O - 812.63
bu||o|n¸s :
Ve|n p|en| 1,979.24 1,O27.83 15O.23 293.35 2,563.49
O|hcrs 392.79 215.42 74.3o 89.8O 444.05
¹cmporery crcc||on 1.7O 12.91 ,O.1O) 2.83 11.88
\e|cr supp|y, ore|ne¸c eno scvcre¸c sys|cm 49.75 27.25 ,1.3o) 18.51 59.85
|yoreu||c vor|s, berre¸cs, |ems, ¹unnc|s, eno |ovcr
Chennc|
2,321.3o 412.42 199.o5 - 2,534.13
VG| |rec| eno s|¸ne|||n¸ sys|cm 342.7O 1O7.22 52.43 155.92 241.57
|e||vey s|o|n¸ 139.71 oO.75 ,2.99) 49.12 154.33
|er|h oem rcscrvo|r 145.18 31.3o 9.85 2O.77 145.92
||en| eno mech|ncry 23,554.o1 12,4oo.13 329.4O 5,o24.oo 30,066.68
|urn||urc, nx|urcs eno o|hcr ofncc cqu|pmcn| 5.7O 7.59 O 3.3o 9.33
|||/\| Vech|ncs & S/¹COV cqu|pmcn| 1.O1 1.o8 O.O4 O.43 2.22
Cons|ruc||on |qu|pmcn|s O.O1 O.71 ,O.O8) O.47 0.33
||cc|r|ce| |ns|e||e||ons 49.oo 1O4.oO 9.93 23.57 120.76
Commun|ce||on cqu|pmcn| 2.O3 O.45 O.5o 1.57 0.35
|ecore|ory eno vor|shop cqu|pmcn| O.1o - ,2.O8) - 2.24
ln|en¸|c|c essc|s - sof|verc O.55 - O.52 - 0.03
Cep||e| cxpcno||urc on essc|s no| ovnco cy |hc compeny 183.45 22.52 158.7o 39 16.52
|xp|ore|ory \c||s-|n-|ro¸rcss 7.o4 O.O1 - - 7.65
|cvc|opmcn| of Coe| V|ncs 13o.89 59.24 1.O8 - 195.05
3O,o33.31 14,858.13 1,197.71 o,383.O9 37,910.64
Expenditure pending allocation
Survcy, |nvcs||¸e||on, consu||ency eno supcrv|s|on cher¸cs 23o.94 9O.85 4o.33 - 281.46
||ffcrcncc |n cxchen¸c on forc|¸n currcncy |oens ,24o.32) ,9) 27.91 - (280.32)
|xpcno||urc |overos o|vcrs|on of forcs| |eno 17o.18 - 14.47 - 161.71
|rc-comm|s|on|n¸ cxpcnscs ,nc|) ,o2.73) 95.32 ,21.o5) - 54.24
|xpcno||urc our|n¸ cons|ruc||on 532.99 2,9o9.O1 * 171.12 - 3,330.88
|css: /||oce|co |o rc|e|co vor|s - 2,873.59 - - 2,873.59
31,27O.37 15,133.o3 1,435.89 o,383.O9 38,585.02
|css: |rov|s|on for unscrv|ccec|c vor|s 14.43 9.29 4.81 - 18.91
Total
#
31,255.94 15,124.34 1,431.O8 o,383.O9 38,566.11
|rcv|ous /cer 24,7o4.o9 12,583.18 ,183.91) o,275.84 31,255.94
* brou¸h| from |xpcno||urc our|n¸ cons|ru||on pcr|oo ,nc|)-Schcou|c 25
# lnc|uocs ` 4,797.94 crore ,prcv|ous ycer ` 4,199.41 crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
35
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Annual Report 2010-2011 212
Schedules forming part of Consolidated Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 8
CONSTRUCTION STORES AND ADVANCES
CONSTRUCTION STORES *
,/| cos|)
S|cc| 982.38 1,O7o.4o
Ccmcn| 44.98 25.28
O|hcrs 1,499.99 1,O91.84
2,527.35 2,193.58
|css: |rov|s|on for shor|e¸c 1.44 1.27
2,525.91 2,192.31
ADVANCES FOR CAPITAL EXPENDITURE
Sccurco 18.13 1.o1
0nsccurco, cons|ocrco ¸ooo
Covcrco cy cen| ¸ueren|ccs 2,266.85 3,17o.9O
O|hcrs 1,478.00 1,O55.3O
Cons|ocrco oouc|fu| 2.21 2.23
3,765.19 4,234
|css:|rov|s|on for ceo & oouc|fu| eovenccs 2.21 2.23
3,762.98 4,233.81
Total
#
6,288.89 o,42o.12
* lnc|uoc me|cr|e| |n |rens||, unocr |nspcc||on eno v||h con|rec|ors 1,572.56 1,275.3O
# lnc|uocs ` 514.10 crore ,prcv|ous ycer ` o28.83 crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
35
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Annual Report 2010-2011 213
Schedules forming part of Consolidated Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 9
INVESTMENTS
,ve|ue||on es pcr /ccoun|||n¸ |o||cy |o. 1O) |umccr of
shercs/conos/
sccur|||cs
Currcn| ycer/
,prcv|ous ycer)
|ecc ve|uc pcr
sherc/cono/
sccur||y
Currcn| ycer/
,prcv|ous ycer)
,`)
I. LONG TERM (Trade - unless otherwise speci?ed)
A) Quoted
Equity Shares (fully paid-up)
|¹C lno|e ||o. 12OOOOOO
,12OOOOOO)
1O
,1O)
12.00 12.OO
Sub Total (A) 12.00 12.OO
B) Unquoted (fully paid-up)
Bonds
i) 8.50 % Tax-Free State Government Special Bonds of
the Government of ( # )
/nohre |reocsh o3O325O
,75o39OO)
1OOO
,1OOO)
630.33 75o.39
/ssem 25732O
,3O8784)
1OOO
,1OOO)
25.73 3O.88
b|her 9472OOO
,113oo4OO)
1OOO
,1OOO)
947.20 1,13o.o4
Che|||s¸erh 241o1OO
,289932O)
1OOO
,1OOO)
241.61 289.93
Gu¦ere| 418o2OO
,5O2344O)
1OOO
,1OOO)
418.62 5O2.34
|eryene 5375OOO
,o45OOOO)
1OOO
,1OOO)
537.50 o45.OO
||meche| |reocsh 1oo94O
,2OO328)
1OOO
,1OOO)
16.69 2O.O3
!emmu eno |eshm|r 183o8OO
,22O41oO)
1OOO
,1OOO)
183.68 22O.42
!her|heno 48OOo1o
,57oO73o)
1OOO
,1OOO)
480.06 577
|cre|e 5O12OOO
,oO144OO)
1OOO
,1OOO)
501.20 oO1.44
Veohye |reocsh 41542OO
,4985O4O)
1OOO
,1OOO)
415.42 498.5O
Veheresh|re 19O7OOO
,22884OO)
1OOO
,1OOO)
190.70 228.84
Or|sse 551437O
,oo17244)
1OOO
,1OOO)
551.44 oo1.72
|un¦ec 173115O
,2O7738O)
1OOO
,1OOO)
173.11 2O7.74
35
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Annual Report 2010-2011 214
Schedules forming part of Consolidated Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 9 (Cont.)
INVESTMENTS
,ve|ue||on es pcr /ccoun|||n¸ |o||cy |o. 1O) |umccr of
shercs/conos/
sccur|||cs
Currcn| ycer/
,prcv|ous ycer)
|ecc ve|uc pcr
sherc/cono/
sccur||y
Currcn| ycer/
,prcv|ous ycer)
,`)
|e¦es|hen 58OOOO
,87OOOO)
1OOO
,1OOO)
58.00 87.OO
S||||m 17O98O
,2O517o)
1OOO
,1OOO)
17.10 2O.52
0||er |reocsh 199495OO
,239394OO)
1OOO
,1OOO)
1,994.95 2,393.94
0||erenche| 199825O
,23979OO)
1OOO
,1OOO)
199.83 239.79
\cs| bcn¸e| 587124O
,7O45488)
1OOO
,1OOO)
587.12 7O4.55
Sub Total (B) 8,170.29 9,821.74
,||) |qu||y shercs |n ||pevev |ovcr |cvc|opmcn| Compeny ||o. - O.38
Sub Total ( I ) 8,182.29 9,834.12
II. CURRENT (Non - Trade - Unquoted)
Sbl - S|| 0||re Shor| ¹crm |uno - l|- ||| -
,424791O5O)
-
,1O)
- 425.O5
0¹l ¹rcesury /oven|e¸c |uno-l|-||| -
,7o81994)
-
,1OOO)
- 7o8.3o
Cenere |occco ¹rcesury /oven|e¸c Supcr-l|- ||| -
,oO4553577)
-
,1O)
- 75O.O8
Cenere |occco ||qu|o |uno Supcr-l|- ||| 174O8O723
,-)
1O
,-)
175.04 -
l|-||| = lns|||u||one| ||en - |e||y ||v|ocno |c|nvcs|mcn|
Sub Total ( II ) 175.04 1,943.49
Total ( I + II )
#
8,357.33 11,777.o1
Quoted Investments
boo| ve|uc 12.00 12.OO
Ver|c| ve|uc 100.92 133.5o
Unquoted Investments
boo| ve|uc 8,345.33 11,7o5.o1
# lnc|uocs bonos of ` 6,518.83 crore ,prcv|ous ycer ` o,533.33 crorc) pcrm|||co for |rensfcr/|reo|n¸ cy |cscrvc ben| of lno|e. be|encc cen cc
|rensfcrrco/|reoco suc¦cc| |o pr|or epprove| of |cscrvc ben| of lno|e
# lnc|uocs ` Nil ,prcv|ous ycer ` |||) sherc of ¦o|n||y con|ro||co cn||||cs.
35
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Annual Report 2010-2011 215
Schedules forming part of Consolidated Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 10
INVENTORIES
,ve|ue||on es pcr /ccoun||n¸ |o||cy |o. 11)
Componcn|s eno spercs 1,871.96 1,758.99
|oosc |oo|s 5.60 5.2O
Coe| 1,306.58 1,12O.33
|uc| o|| 211.33 18O.73
|eph|he 155.30 137.34
Chcm|ce|s & consumec|cs 49.89 32.41
S|cc| Screp 18.19 12.32
O|hcrs 345.26 33o.24
3,964.11 3,583.5o
|css: |rov|s|on for shor|e¸c 2.36 3.O9
|rov|s|on for ocso|c|c/ unscrv|ccec|c ||cms/ 50.92 47.51
o|mun|||on |n ve|uc of surp|us |nvcn|ory
Total
#
3,910.83 3,532.9o
lnvcn|or|cs |nc|uoc me|cr|e| |n |rens||, unocr |nspcc||on eno v||h con|rec|ors 153.26 159.1o
# lnc|uocs ` 269.27 crore ,prcv|ous ycer ` 184.25 crorc) sherc of ¦o|n||y con|ro||co cn||||cs
Schedule 11
SUNDRY DEBTORS
,Cons|ocrco ¸ooo, un|css o|hcrv|sc s|e|co)
|cc|s ou|s|eno|n¸ ovcr s|x mon|hs
0nsccurco 60.63 178.7O
Cons|ocrco oouc|fu| 841.69 839.24
902.32 1,O17.94
O|hcr occ|s
0nsccurco 9,865.69 o,9O2.11
10,768.01 7,92O.O5
|css: |rov|s|on for ceo & oouc|fu| occ|s 841.69 839.24
|rov|s|on for |er|ff eo¦us|mcn| 1,526.45 -
Total # 8,399.87 7,O8O.81
# lnc|uocs ` 306.34 crore ,prcv|ous ycer ` 3O2.59 crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
Schedule 12
CASH & BANK BALANCES
Cesh on heno
,|nc|uocs chcqucs, oref|s eno s|emps on heno ` 0.36 crore, prcv|ous ycer ` 2.47 crorc)
0.49 12.oo
|cm|||enccs |n |rens|| - O.12
be|encc v||h |cscrvc ben| of lno|e cermer|co for nxco ocpos||s from puc||c 30.80 3O.8O
be|enccs v||h schcou|co cen|s
Currcn| /ccoun| ,e) 362.05 o58.8O
¹crm |cpos|| /ccoun| ,c) 17,466.49 15,353
Total
#
17,859.83 1o,O53.O1
# lnc|uocs ` 445.55 crore ,prcv|ous ycer ` 343.8O crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
,e) lnc|uocs ` 10.25 crore of 0nc|e|mco ||v|ocno ,prcv|ous ycer ` 22.57 crorc).
,c) lnc|uocs ` 11.69 crore ,prcv|ous ycer ` 11.o9 crorc) ocpos||co es sccur||y v||h Govcrnmcn| & o|hcr
eu|hor|||cs vh|ch erc no| eve||ec|c for usc.
35
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Annual Report 2010-2011 21o
Schedules forming part of Consolidated Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 13
OTHER CURRENT ASSETS
ln|crcs| eccruco :
bonos 382.33 452.52
¹crm |cpos||s 630.10 377.O2
O|hcrs 43.69 14.31
O|hcr |ccovcrec|cs 10.53 1o.48
O|hcrs 4.93 7.o9
Total
#
1,071.58 8o8.O2
# lnc|uocs ` 10.59 crore ,prcv|ous ycer ` 1O.O5 crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
Schedule 14
LOANS AND ADVANCES
,Cons|ocrco ¸ooo, un|css o|hcrv|sc s|e|co)
|O/|S
|mp|oyccs ,|nc|uo|n¸ eccruco |n|crcs|)
Sccurco 458.99 4O1.o9
0nsccurco 154.10 117.59
Cons|ocrco oouc|fu| 0.25 O.23
|oen |o S|e|c Govcrnmcn| |n sc|||cmcn| of oucs from cus|omcrs
0nsccurco 574.36 o22.22
O|hcrs
Sccurco 50.00 191.o7
0nsccurco 0.02 8
/|v/|C|S
,|ccovcrec|c |n cesh or |n ||no or for ve|uc |o cc rccc|vco)
Con|rec|ors & supp||crs, |nc|uo|n¸ me|cr|e| |ssuco on |oen
Sccurco 2.24 2.45
0nsccurco 808.16 1,273.72
Cons|ocrco oouc|fu| 1.43 O.2o
|mp|oyccs ,|nc|uo|n¸ |mprcs|)
0nsccurco 11.71 155.37
Cons|ocrco oouc|fu| 0.08 O.O7
/ovencc |ex ocpos|| & |ex ocouc|co e| sourcc 10,141.41 9,3o1.31
|css: |rov|s|on for |exe||on 7,402.79 7,2O1.21
2,738.62 2,1oO.1O
O|hcrs
0nsccurco 162.80 1Oo.53
Cons|ocrco oouc|fu| - 1.OO
C|e|ms rccovcrec|c
0nsccurco 1,648.44 483.O9
Cons|ocrco oouc|fu| 11.96 17.22
|css: |rov|s|on for ceo eno oouc|fu| |oens, eovenccs eno c|e|ms 13.72 18.73
6,609.44 5,515.1o
|||OSl¹S
|cpos||s v||h cus|oms, por| |rus| eno o|hcrs 193.77 1o5.53
Total
#
6,803.21 5,o89
# lnc|uocs ` 218.80 crore ,prcv|ous ycer ` 191.27 crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
35
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Annual Report 2010-2011 217
Schedules forming part of Consolidated Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 15
CURRENT LIABILITIES
Sunory Crco||ors
|or cep||e| cxpcno||urc
V|cro & Sme|| |n|crpr|sc 2.73 9.85
O|hcrs 4,097.49 3,252.42
|or ¸ooos eno scrv|ccs
V|cro & Sme|| |n|crpr|sc 6.91 O.7O
O|hcrs 4,099.52 2,825.49
boo| ovcroref| 9.34 28.13
|cpos||s, rc|cn||on moncy from con|rec|ors eno o|hcrs 2,098.99 1,o13.98
|css: ben| ocpos||s/lnvcs|mcn|s hc|o es sccur||y 11.29 12.22
10,303.69 7,718.35
/ovenccs from cus|omcrs eno o|hcrs 1,421.32 1,445.1O
O|hcr ||ec|||||cs 267.58 195.O4
0nc|e|mco o|v|ocno * 10.27 22.57
ln|crcs| eccruco cu| no| ouc :
|orc|¸n currcncy |oens/conos 32.78 32.1o
¹crm |oens |n lno|en currcncy 142.12 144.51
bonos 258.86 199.17
||xco ocpos||s from puc||c 2.14 1.O2
Total # 12,438.76 9,757.92
* |o emoun| |s ouc for peymcn| |o lnvcs|or |ouce||on eno |ro|cc||on |uno.
# lnc|uocs ` 986.89 crore ,prcv|ous ycer ` 83o.21 crorc) sherc of ¦o|n||y con|ro||co cn||||cs
35
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Annual Report 2010-2011 218
Schedules forming part of Consolidated Balance Sheet ` crorc
As at March 31, 2011 2O1O
Schedule 16
PROVISIONS
lncomc/|r|n¸c bcncn| ¹ex
/s pcr |es| ce|encc shcc| - -
/oo|||ons our|n¸ |hc ycer 2,602.16 1,981.7O
/moun| eo¦us|co our|n¸ |hc ycer (4,800.63) ,5,219.5O)
|css:Sc| off e¸e|ns| |excs pe|o 7,402.79 7,2O1.2O
- -
|roposco o|v|ocno
/s pcr |es| ce|encc shcc| 675.53 oo5.O5
/oo|||ons our|n¸ |hc ycer 662.18 o75.53
/moun|s pe|o our|n¸ |hc ycer 675.53 oo5.O5
662.18 o75.53
¹ex on proposco o|v|ocno
/s pcr |es| ce|encc shcc| 112.03 113.O2
/oo|||ons our|n¸ |hc ycer 107.65 112.O3
/moun|s pe|o our|n¸ |hc ycer 112.03 113.O2
107.65 112.O3
|mp|oycc ccncn|s
/s pcr |es| ce|encc shcc| 2,056.48 2,213.9O
/oo|||ons our|n¸ |hc ycer 386.14 733.3O
/moun|s pe|o our|n¸ |hc ycer 646.56 8o8.oo
/moun| rcvcrsco our|n¸ |hc ycer 44.26 22.Oo
1,751.80 2,O5o.48
Oc||¸e||on |nc|ocn|e| |o |eno ecqu|s|||on
/s pcr |es| ce|encc shcc| 299.91 319.o2
/oo|||ons our|n¸ |hc ycer 39.31 22.25
/moun|s pe|o our|n¸ |hc ycer 24.06 37
/moun| rcvcrsco our|n¸ |hc ycer 5.47 5.89
309.69 299.91
O|hcrs
/s pcr |es| ce|encc shcc| 6.38 2.71
/oo|||ons our|n¸ |hc ycer 3.60 4.18
/moun|s eo¦us|co our|n¸ |hc ycer 5.15 O.O3
/moun|s rcvcrsco our|n¸ |hc ycer 0.48 O.48
4.35 o.38
Total
#
2,835.67 3,15O.33
# lnc|uocs ` 76.58 crore ,prcv|ous ycer ` 74.13 crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
35
th
Annual Report 2010-2011 219
Schedules forming part of Consolidated Pro?t & Loss Account ` crorc
For the year ended March 31, 2011 2O1O
Schedule 17
SALES
|ncr¸y Se|cs ,|nc|uo|n¸ ||cc|r|c||y |u|y) * 57,106.99 47,oo7.1o
|css : /ovencc e¸e|ns| |cprcc|e||on ocfcrrco ,nc|) (11.55) ,8.39)
/oo: |cvcnuc rcco¸n|sco ou| of eovencc e¸e|ns| ocprcc|e||on 79.75 31o.78
/oo: |xchen¸c nuc|ue||on rccc|vec|c from cus|omcr (1.54) 31.87
57,196.75 48,O24.2O
Consu||ency, pro¦cc| mene¸cmcn| eno supcrv|s|on fccs
,|nc|uo|n¸ |urn|cy cons|ruc||on pro¦cc|s / se|c of ¸ooos)
535.18 5Oo.54
Total
#
57,731.93 48,53O.74
* lnc|uocs ` 338.51 crore ,prcv|ous ycer ,-) ` 719.93 crorc) on eccoun| of |ncomc |ex rccovcrec|c from ccncnc|er|cs es pcr C||C ¹er|ff |c¸u|e||ons,
2OO4 eno ` 21.72 crore ,prcv|ous ycer ` 248.47 crorc) on eccoun| of ocfcrrco |ex rccovcrec|c from cus|omcrs es pcr C||C |c¸u|e||ons 2OO9.
# lnc|uocs ` 2440.17 crore ,prcv|ous ycer ` 1,84o.3o crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
Schedule 18
PROVISIONS WRITTEN BACK
|ouc|fu| occ|s - O.O7
|ouc|fu| |oens, eovenccs eno c|e|ms 0.04 O.42
|ouc|fu| Cons|rc||on eovenccs 0.01 4.48
Shor|e¸c |n cons|ruc||on s|orcs 0.11 O.73
Shor|e¸c |n s|orcs 1.92 1.98
Ocso|csccncc/o|mun|||on |n ve|uc of surp|us s|orcs 5.15 4.O9
0nscrv|ccec|c Cep||e| vor| |n-|ro¸rcss 0.15 O.54
O|hcrs 0.46 O.48
Total
#
7.84 12.79
# lnc|uocs ` 0.03 crore ,prcv|ous ycer ` O.O2 crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
35
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Annual Report 2010-2011 22O
Schedules forming part of Consolidated Pro?t & Loss Account ` crorc
For the year ended March 31, 2011 2O1O
Schedule 19
OTHER INCOME
Income from Long Term Investments
Trade
||v|ocno from !o|n| vcn|urcs 21.13 o.84
ln|crcs| from
Govcrnmcn| Sccur|||cs ,8.5% |ex frcc conos |ssuco cy |hc S|e|c Govcrnmcn|s) 799.76 94O.13
O|hcr bonos ,Gross) ,¹ex ocouc|co e| sourcc ` Nil, prcv|ous ycer ` O.3o crorc) - 5
Non -Trade
ln|crcs| from Govcrnmcn| of lno|e Sccur|||cs ,Gross) - 1.83
|css: /mor||se||on of prcm|um - O.O2
- 1.81
|ron| on rcocmp||on of |nvcs|mcn|s - 5.O4
Income from Current Investments (Non-Trade)
||v|ocno from Vu|ue| |uno lnvcs|mcn|s 53.17 oO.3o
Income from Others
ln|crcs| ,Gross) ,¹ex ocouc|co e| sourcc ` 136.35 crore, prcv|ous ycer ` 2O3.25 crorc)
|oen |o S|e|c Govcrnmcn| |n sc|||cmcn| of oucs from cus|omcrs 50.85 58.99
lno|en cen|s 1,243.18 1,3o8.24
|mp|oyccs' |oens 20.60 1o.o4
Cus|omcrs 116.16 59.94
O|hcrs 40.38 7O.74
ln|crcs| on lncomc ¹ex rcfunos 1.87 452.o3
|css: |cfunoec|c |o cus|omcrs - 452.o3
1.87 -
Surcher¸c rccc|vco from cus|omcrs 10.90 o2.3o
||rc cher¸cs for cqu|pmcn| 2.59 2.82
|ron| on o|spose| of nxco essc|s 8.37 7.O1
|xchen¸c o|ffcrcnccs 31.49 3O.17
V|scc||encous |ncomc 181.27 238.24
2,581.72 2,929.98
|css: ¹rensfcrrco |o |xpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) - Schcou|c 25 33.00 44.OO
¹rensfcrrco |o |cfcrrco |orc|¸n Currcncy ||uc|ue||on /ssc|s/||ec||||y 31.49 o.78
¹rensfcrrco |o ocvc|opmcn| of coe| m|ncs 0.06 O.O2
Total
#
2,517.17 2,879.18
# lnc|uocs ` 43.72 crore ,prcv|ous ycer ` 18.9o crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
Schedule 20
EMPLOYEES’ REMUNERATION AND BENEFITS
Se|er|cs, ve¸cs, conus, e||ovenccs & ccncn|s 2,940.80 2,477.18
Con|r|cu||on |o prov|ocn| eno o|hcr funos 352.90 348.94
\c|ferc cxpcnscs 311.74 293.1o
3,605.44 3,119.28
|css: /||oce|co |o fuc| cos| / /sh u||||se||on funo 178.46 154.O9
¹rensfcrrco |o ocvc|opmcn| of coe| m|ncs 28.98 21.94
¹rensfcrrco |o cxpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) - Schcou|c 25 475.74 42O.1o

Total
#
2,922.26 2,523.O9
# lnc|uocs ` 84.23 crore ,prcv|ous ycer ` 77.71 crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
35
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Annual Report 2010-2011 221
Schedules forming part of Consolidated Pro?t & Loss Account ` crorc
For the year ended March 31, 2011 2O1O
Schedule 21
GENERATION, ADMINISTRATION & OTHER EXPENSES
|ovcr cher¸cs 152.68 117.21
|css: |ccovcrco from con|rec|ors & cmp|oyccs 16.32 14.57
136.36 1O2.o4
\e|cr cher¸cs 307.00 137.9O
S|orcs consumco 38.55 32.o3
|cn| 30.21 28.95
|css:|ccovcr|cs 6.81 o.21
23.40 22.74
|oeo o|spe|ch ccn|rc cher¸cs 98.35 -
|cpe|rs & Ve|n|cnencc
bu||o|n¸s 129.41 1O7.87
||en| & Vech|ncry
|ovcr s|e||ons 1,465.19 1,277.7O
Cons|ruc||on cqu|pmcn| 0.73 4
1,465.92 1,278.34
O|hcrs 108.90 98.O7
lnsurencc 96.27 84.1o
|e|cs eno |excs 25.97 24.8o
\e|cr ccss & cnv|ronmcn| pro|cc||on ccss 38.63 2o.2o
¹re|n|n¸ & rccru||mcn| cxpcnscs 73.05 73.9O
|css: |ccs for |re|n|n¸ eno epp||ce||on 4.77 4.O5
68.28 o9.85
Commun|ce||on cxpcnscs 37.80 35.o7
¹revc|||n¸ cxpcnscs 161.88 145.2O
¹cnocr cxpcnscs 27.82 25.o7
|css: |ccc|p| from se|c of |cnocrs 2.88 1.9o
24.94 23.71
|eymcn| |o euo||ors 3.09 2.oo
/ovcr||scmcn| eno puc||c||y 14.98 14
Sccur||y cxpcnscs 260.25 235.27
|n|cr|e|nmcn| cxpcnscs 13.82 12.1O
|xpcnscs for ¸ucs| housc 15.03 12.2o
|css:|ccovcr|cs 1.37 1.35
13.66 1O.91
|ouce||on cxpcnscs 25.50 21.o1
bro|cre¸c & comm|ss|on 2.85 2.48
|one||ons - O.52
Commun||y ocvc|opmcn| eno vc|ferc cxpcnscs 80.19 21.17
|css:-Gren|s-|n-e|o 0.43 O.O3
79.76 21.14
/sh u||||se||on & mer|c||n¸ cxpcnscs 2.32 3.91
|css: Se|c of esh proouc|s 0.23 O.94
2.09 2.97
boo|s eno pcr|oo|ce|s 1.61 2.OO
|rofcss|one| cher¸cs eno consu||ency fccs 48.02 4o.72
|css: Gren|s-|n-e|o - 1.57
48.02 45.15
|c¸e| |xpcnscs 15.85 11.41
||| h|rc eno o|hcr cher¸cs 16.36 1o.89
|r|n||n¸ eno s|e||oncry 13.23 11.83
O|| & ¸es cxp|ore||on cxpcnscs 3.64 3.39
V|scc||encous cxpcnscs 131.31 1O8.O3
S|orcs vr|||cn off 0.05 O.3O
Survcy &lnvcs||¸e||on cxpcnscs vr|||cn off 4.53 4.32
|oss on o|spose|/vr||c-off of nxco essc|s 62.22 29.3O
3,474.48 2,748.22
|css: /||oce|co |o fuc| cos| / /sh u||||se||on funo 214.67 184.o4
¹rensfcrrco |o ocvc|opmcn| of coe| m|ncs 14.04 17.41
¹rensfcrrco |o |xpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) - Schcou|c 25 324.77 211.3o

Total
#
2,921.00 2,334.81
S|orcs consump||on |nc|uoco |n rcpe|rs eno me|n|cnencc 734.36 oo2.83
# lnc|uocs ` 250.52 crorc ,prcv|ous ycer ` 223.15 crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
35
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Annual Report 2010-2011 222
Schedules forming part of Consolidated Pro?t & Loss Account ` crorc
For the year ended March 31, 2011 2O1O
Schedule 22
PROVISIONS
|ouc|fu| occ|s 1,531.84 1.42
|ouc|fu| eovenccs eno c|e|ms 0.25 O.11
Shor|e¸c |n s|orcs 1.47 1.81
Ocso|c|c/||mun|||on |n |hc ve|uc of surp|us s|orcs 8.84 7.o1
Shor|e¸c |n cons|ruc||on s|orcs 0.33 O.91
0nscrv|ccec|c cep||e| vor|-|n-pro¸rcss 9.29 O.3O
O|hcrs 0.75 O.19
Total
#
1,552.77 12.35
# lnc|uocs ` 0.59 crore ,prcv|ous ycer ` 1.44 crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
Schedule 23
INTEREST AND FINANCE CHARGES
Interest on :
bonos 805.35 7oo.37
|orc|¸n Currcncy ¹crm |oens 177.52 188.35
|upcc ¹crm |oens 2,397.48 1,8O7.2o
|uc||c ocpos||s 1.24 1.O9
|orc|¸n currcncy bonos/|o|cs 162.75 17O.43
/moun|s peyec|c |o cus|omcrs 3.61 1.38
O|hcrs 82.55 42.89
|xchen¸c o|ffcrcnccs rc¸eroco es eo¦us|mcn| |o |n|crcs| cos|s 174.16 O.O9
3,804.66 2,977.8o
Finance Charges :
bonos scrv|c|n¸ & puc||c ocpos|| cxpcnscs 1.85 1.92
Gueren|cc |cc 35.65 39.73
Vene¸cmcn| |cc 25.92 O.28
Comm||mcn| cher¸cs/|xposurc prcm|um (2.42) 2.o5
|cce|c |o cus|omcrs 747.32 7O7.o7
|c|mcurscmcn| of |.C.cher¸cs on Se|cs |ce||se||on 4.96 7.19
ben| Cher¸cs 5.87 4.o2
bono lssuc |xpcnscs 0.59 O.4o
|c¸e| cxpcnscs on forc|¸n currcncy |oens 0.09 O.1O
|xchen¸c o|ffcrcnccs 6.64 -
|orc|¸n currcncy bonos/|o|cs cxpcnscs - O.Oo
0pfron| fcc 2.94 23
O|hcrs 0.41 1.49
829.82 78o.8O
Sub-Total 4,634.48 3,7o4.oo
|css: ¹rensfcrrco |o :
|xpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) - Schcou|c 25 2,133.89 1,o8o.48
|cvc|opmcn| of coe| m|ncs 7.67 -
|cfcrrco |orc|¸n Currcncy ||uc|ue||on /ssc|s/||ec||||y 0.05 -
Total
#
2,492.87 2,O78.18
# lnc|uocs ` 334.87 crore ,prcv|ous ycer ` 2o9.O4 crorc) sherc of ¦o|n||y con|ro||co cn||||cs
35
th
Annual Report 2010-2011 223
Schedules forming part of Consolidated Pro?t & Loss Account ` crorc
For the year ended March 31, 2011 2O1O
Schedule 24
PRIOR PERIOD INCOME/EXPENDITURE (NET)
INCOME
Se|cs 520.68 ,32.52)
O|hcrs 0.03 2.48
520.71 ,3O.O4)
EXPENDITURE
Se|ery, ve¸cs, conus, e||ovenccs & ccncn|s (2.49) ,98.O2)
|cpe|rs eno me|n|cnencc 26.32 ,O.28)
|cprcc|e||on (1,170.72) 25.42
ln|crcs| |nc|uo|n¸ cxchen¸c o|ffcrcnccs rc¸eroco es eo¦us|mcn| |o |n|crcs| cos|s 39.76 21.33
/ovcr||scmcn| eno puc||c||y - O.24
|e|cs & ¹excs 0.70 O.52
|cn| (0.03) O.32
|xchen¸c o|ffcrcnccs - 3.o3
O|hcrs 0.49 ,5.44)
(1,105.97) ,52.28)
|c| |xpcno||urc / ,lncomc) (1,626.68) ,22.24)
|css: ¹rensfcrrco |o :
|xpcno||urc our|n¸ cons|ruc||on pcr|oo ,nc|) -Schcou|c 25 35.45 37.8o
|cvc|opmcn| of coe| m|ncs - ,O.51)
Total
#
(1,662.13) ,59.59)
# lnc|uocs ` 23.41 crore ,prcv|ous ycer ` 18.93 crorc) sherc of ¦o|n||y con|ro||co cn||||cs
35
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Annual Report 2010-2011 224
Schedules forming part of Consolidated Balance Sheet ` crorc
For the year ended March 31, 2011 2O1O
Schedule 25
EXPENDITURE DURING CONSTRUCTION PERIOD (NET)
A. Employees remuneration and other bene?ts
Se|er|cs, ve¸cs, e||ovenccs eno ccncn|s 400.94 3o3.4O
Con|r|cu||on |o prov|ocn| eno o|hcr funos 37.88 38.2O
\c|ferc cxpcnscs 36.92 18.5o
Total (A) 475.74 42O.1o
B. Other Expenses
|ovcr cher¸cs 87.12 oO.77
|css: |ccovcrco from con|rec|ors & cmp|oyccs 1.15 O.88
85.97 59.89
\e|cr cher¸cs 58.93 8.78
|cn| 4.51 4.12
|cpe|rs & me|n|cnencc
bu||o|n¸s 7.82 4.o7
Cons|ruc||on cqu|pmcn| 0.24 O.23
O|hcrs 16.81 1o.3O
24.87 21.2O
lnsurencc 0.86 O.72
|e|cs eno |excs 1.52 5
Commun|ce||on cxpcnscs 5.74 4.9o
¹revc|||n¸ cxpcnscs 32.65 28.29
¹cnocr cxpcnscs 9.44 8.1O
|css: lncomc from se|c of |cnocrs 0.15 O.14
9.29 7.9o
|eymcn| |o euo||ors 0.06 O.O7
/ovcr||scmcn| eno puc||c||y 0.51 O.85
Sccur||y cxpcnscs 44.32 28.41
|n|cr|e|nmcn| cxpcnscs 2.37 2.12
Gucs| housc cxpcnscs 3.23 2.9O
|ouce||on cxpcnscs 0.16 O.12
boo|s eno pcr|oo|ce|s 0.71 O.72
Commun||y ocvc|opmcn| cxpcnscs 1.77 1.52
|rofcss|one| cher¸cs eno consu||ency fcc 5.91 8.5o
|c¸e| cxpcnscs 4.09 O.58
||| ||rc eno o|hcr cher¸cs 1.47 O.9o
|r|n||n¸ eno s|e||oncry 1.21 1.3o
V|scc||encous cxpcnscs 34.62 2o.o2
Total (B) 324.77 211.3o
Depreciation (C) 32.16 22.o3
Total (A+B+C) 832.67 o54.15
D. Interest and Finance Charges
ln|crcs| on
bonos 504.95 474.7o
|orc|¸n Currcncy ¹crm |oens 86.26 88.17
|upcc ¹crm |oens 1,460.49 1,O38.5o
|orc|¸n currcncy bonos/|o|cs 37.47 47.2o
O|hcrs 0.02 4.24
|xchen¸c o|ffcrcnccs rc¸eroco es eo¦us|mcn| |o |n|crcs| cos|s 14.63 O.O1
||nencc Cher¸cs
Comm||mcn| cher¸cs/|xposurc prcm|um 0.05 O.19
|orc|¸n currcncy bonos/|o|cs cxpcnscs - O.O1
0pfron| fcc 21.55 2O
O|hcrs 8.47 12.o8
Total (D) 2,133.89 1,o8o.48
E. Less Other Income
ln|crcs| from
lno|en ben|s 3.23 1.99
O|hcrs 26.60 31.1o
||rc Cher¸cs 1.61 1.88
Se|c of screp 0.59 O.13
V|scc||encous |ncomc 0.97 8.84
TOTAL (E) 33.00 44.OO
F. Prior Period Adjustments 35.45 37.8o
G. Fringe Bene?t Tax - ,O.O5)
GRAND TOTAL (A+B+C+D-E+F+G)
#
2,969.01 * 2,334.44
* Balance carried to Capital Work-in-progress - Schedule 7
# lnc|uocs ` 489.93 crore ,prcv|ous ycer ` 244.7O crorc) sherc of ¦o|n||y con|ro||co cn||||cs.
35
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Annual Report 2010-2011 225
SCHEDULE-26
NOTES ON ACCOUNTS
1. BASIS OF CONSOLIDATION
1.1 ¹hc conso||oe|co nnenc|e| s|e|cmcn|s rc|e|c |o |¹|C ||o. ,|hc Compeny), ||s Sucs|o|er|cs eno |n|crcs| |n !o|n| vcn|urcs.
e) Basis of Accounting:
|) ¹hc 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.
||) ¹hc 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.
c) Principles of consolidation:
¹hc conso||oe|co nnenc|e| s|e|cmcn|s hevc cccn prcperco es pcr |hc fo||ov|n¸ pr|nc|p|cs:
|) ¹hc 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¸
|o¸c|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.
||) ¹hc 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.
|||) ¹hc 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
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) ¹hc 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.
1.2 ¹hc 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
31.03.2011 31.O3.2O1O
Subsidiary Companies:
1. |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 1OO
2. |¹|C |yoro ||o. 100 1OO
3. |¹|C v|oyu| vyeper ||¸em ||o. 100 1OO
4. |en|| b|¦|cc 0|peoen ||¸em ||o. ,|ormcr|y |novn es ve|she|| |ovcr Gcncre||on
Compeny ||o.)
64.57 o4.57
5. bhere||ye |e|| b|¦|cc Compeny ||o. 74 74
Joint Venture Companies: |ropor||on ,%) of Shercho|o|n¸ es on
31.03.2011 31.O3.2O1O
1. 0|||||y |ovcr|cch ||o. 50 5O
2. |¹|C - /|s|om |ovcr Scrv|ccs |r|ve|c ||o. 50 5O
3. |¹|C-S/l| |ovcr Compeny |r|ve|c ||o.* 50 5O
4. |¹|C-¹em||neou |ncr¸y Compeny ||o.* 50 5O
5. |e|ene¸|r| Ges & |ovcr |r|ve|c ||o. 30.17 29.o5
NTPC Limited Consolidated Financial Statements
35
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Annual Report 2010-2011 22o
|emc of |hc Compeny |ropor||on ,%) of Shercho|o|n¸ es on
31.03.2011 31.O3.2O1O
o. /reve|| |ovcr Compeny |r|ve|c ||o. 50 5O
7. |¹|C-SCC| G|oce| vcn|urcs |r|ve|c ||o. 50 5O
8. Vc¦e 0r¦e ||¸em |r|ve|c ||o. 50 5O
9. |¹|C - b||| |ovcr |ro¦cc|s |r|ve|c ||o. 50 5O
1O. b| - |¹|C |ncr¸y Sys|cms ||o.* 49 49
11. |ec|ne¸er |ovcr Gcncre||n¸ Compeny |r|ve|c ||o. 50 5O
12. |e||one| |ovcr |xchen¸c ||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 ¹cs| |ecore|ory |r|ve|c ||o.* 25 25
15. ¹rensformcrs & ||cc|r|ce| |cre|e ||o.* 44.60 44.oO
1o. |ncr¸y |fnc|cncy Scrv|ccs ||o. * 25 25
17. Cl| |¹|C 0r¦e |r|ve|c ||o.* 50 -
* ¹hc nnenc|e| s|e|cmcn|s erc un-euo||co.
/|| |hc ecovc Compen|cs erc |ncorpore|co |n lno|e.
1.3 Cl| |¹|C 0r¦e |r|ve|c ||o. ves |ncorpore|co on 27
|h
/pr|| 2O1O, |n vh|ch shercs erc |o cc hc|o cy |hc Compeny eno Coe| lno|e
||o. cque||y.
1.4 /nushe||| v|ohyu| ||¸em ||o. ves |ncorpore|co on 27
|h
!enuery 2O11 |n vh|ch 49% shercs erc |o cc hc|o cy |hc Compeny
eno 51% shercs erc |o cc hc|o cy |uc|cer |ovcr Corpore||on lno|e ||o. |cno|n¸ rcm|||encc of |hc sucscr|p||on moncy |hc
semc |s no| cons|ocrco for conso||oe||on.
1.5 ¹hc Compeny heo ecqu|rco 44.o% shercs |n ¹rensformcrs & ||cc|r|ce| |cre|e ||o. ,¹|||) on 19
|h
!unc 2OO9. Cep||e| rcscrvc
er|s|n¸ on conso||oe||on rcprcscn| por||on of |hc Compeny's sherc of |n|crcs| |n |hc nc| essc| of ¹||| ovcr |hc cos| of |nvcs|mcn|
vh|ch ves ce|cu|e|co cesco on |hc un-euo||co nnenc|e| s|e|cmcn|s of ¹||| es e| 31
s|
Verch 2OO9 |e||n¸ |n|o eccoun| |hc
emoun| of propor||one|c pron| |||| |hc oe|c of |nvcs|mcn| cesco on |hc un-euo||co nnenc|e| s|e|cmcn|s for |hc ycer cnoco
31
s|
Verch 2O1O. ¹hc emoun| hes cccn upoe|co |o ` 5.87 crorc cesco on |hc euo||co nnenc|e| s|e|cmcn|s of ¹||| for |hc ycer
cnoco 31
s|
Verch 2O1O.
1.o e) |ur|n¸ |hc ycer, |hc Compeny e|on¸-v||h somc |uc||c Scc|or 0nocr|e||n¸s hes cn|crco |n|o |roouc||on Sher|n¸ Con|rec|s
,|SCs) v||h Govcrnmcn| of lno|e ,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 2O11 eno cxpcno||urc for |hc
ycer |nc|uoco |n |hc Conso||oe|co ||nenc|e| S|e|cmcn|s erc ¸|vcn cc|ov :
,` crorc)
Item 2010-11 (Un-audited)
|xpcnscs 3.11
/ssc|s 0.03
||ec|||||cs 3.14
Cep||e| Comm||mcn|s 81.03
1.o c) Sucscqucn| |o |hc v||horeve| cy |hc opcre|or V/s Gcopc|ro| ln|crne||one| lnc. from c|oc| //-O||-2OO3/2 vhcrc|n
|hc Compeny hes 4O% |l, e||cmp|s |o eccomp||sh |hc rcs|oue| cxp|ore|ory ec||v|||cs cy rccons|||u||n¸ |hc consor||um
NTPC Limited Consolidated Financial Statements
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Annual Report 2010-2011 227
o|o no| y|c|o rcsu||. Somc of |hc scrv|cc prov|ocrs hevc |n|||e|co |c¸e| proccco|n¸s e¸e|ns| |hc consor||um for peymcn|
of |hc|r c|e|ms. ¹hc opcre|or hes rc¦cc|co |hcsc c|e|ms s|ncc |hcy erc no| peyec|c es pcr |hc |crms of con|rec|. |ur|hcr,
||rcc|ore|c Gcncre| of |yorocercons ,|G|) hes commun|ce|co |hc cos| of unnn|shco m|n|mum vor| pro¸remmc |o |hc
consor||um v||h Compeny's sherc cc|n¸ 0S $ 7.51o m||||on (equivalent ` 33.99 crore). ¹hc Compeny hes sou¸h| ve|vcr
of |hc c|e|m c|||n¸ forcc-me¦curc cono|||ons e| s||c |ceo|n¸ |o suspcns|on of cxp|ore|ory ec||v|||cs. ¹hc Compeny cxpcc|s
fevourec|c occ|s|on eno, hcncc no prov|s|on |s cons|ocrco ncccssery.
besco on |hc un-euo||co s|e|cmcn| of |hc eccoun|s forveroco cy |hc opcre|or, |hc Compeny's sherc |n |hc essc|s eno
||ec|||||cs es e| 31
s|
Verch 2O11 eno cxpcno||urc for |hc ycer |nc|uoco |n |hc Conso||oe|co ||nenc|e| S|e|cmcn|s |s es unocr:
,` crorc)
Item 2010-11 (Un-audited) 2OO9-1O ,0n- euo||co)*
|xpcnscs 0.43 3.21
/ssc|s 14.64 14.9O
||ec|||||cs 1.92 1.7o
Con||n¸cn| ||ec|||||cs 78.50 4o.4o
,* S|ncc euo||co)
2. e) ¹hc convcyenc|n¸ of |hc ||||c |o 12,378 acres of frccho|o |eno of ve|uc ` 697.27 crore ,prcv|ous ycer 11,O1O ecrcs of ve|uc
` o51.OO crorc) eno cu||o|n¸s & s|ruc|urcs ve|uco e| ` 135.58 crore ,prcv|ous ycer ` 149.O5 crorc), es e|so cxccu||on of |cesc
e¸rccmcn|s for 9,627 acres of |eno of ve|uc ` 299.99 crore ,prcv|ous ycer 9,O21 ecrcs, ve|uc ` 291.87 crorc) |n fevour of |hc
Compeny erc eve|||n¸ comp|c||on of |c¸e| forme||||cs.
c) |cescho|o |eno |nc|uocs 819 acres ve|u|n¸ ` 29.67 crore ,prcv|ous ycer 3O ecrcs ve|u|n¸ `O.O5 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. ¹h|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 1,245 acres of ve|uc ` 15.03 crore ,prcv|ous ycer 1,247 ecrcs of ve|uc ` 15.O9 crorc) no| |n posscss|on of |hc
Compeny. ¹hc Compeny |s |e||n¸ eppropr|e|c s|cps for rcposscss|on of |hc semc.
c) |eno |nc|uocs en emoun| of ` 118.74 crore ,prcv|ous ycer ` 115.27 crorc) ocpos||co v||h ver|ous eu|hor|||cs |n rcspcc| of
|eno |n posscss|on vh|ch |s suc¦cc| |o eo¦us|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 |e¦ye v|oyu| 0|peoen ||¸em ||o. ,0||v0||) 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. ¹hc
cons|ocre||on rccc|vco from 0||v0|| |s o|sc|osco unocr 'O|hcr ||ec|||||cs' |n Schcou|c ÷ 15 -'Currcn| ||ec|||||cs'.
¸) ¹hc cos| of r|¸h| of usc of |eno for |ey|n¸ p|pc||ncs emoun||n¸ |o ` 7.79 crore ,prcv|ous ycer ` 5.8O crorc) |s |nc|uoco unocr
|n|en¸|c|c essc|s. ¹hc r|¸h| of usc, o|hcr |hen pcrpc|ue| |n ne|urc, erc emor||sco ovcr |hc pcr|oo of |c¸e| r|¸h| |o usc es pcr |hc
re|cs eno mc|hooo|o¸y no||nco cy C||C ¹er|ff |c¸u|e||ons, 2OO9 ,|c¸u|e||ons, 2OO9).
h) Cos| of ecqu|s|||on of |hc r|¸h| |o orev ve|cr emoun||n¸ |o ` 199.52 crore ,prcv|ous ycer ` 8.41 crorc) |s |nc|uoco unocr
|n|en¸|c|c essc|s ÷ ||¸h| of 0sc - O|hcrs. ¹hc r|¸h| |o orev ve|cr |s emor||zco cons|ocr|n¸ |hc ||fc pcr|oo of 25 ycers es pcr
|hc re|cs eno mc|hooo|o¸y no||nco cy |c¸u|e||ons, 2OO9.
|) V|n|s|ry of |ovcr, Govcrnmcn| of lno|e v|oc ||s no||nce||on no. 2/38/99-b¹|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 ycer. |cesc rcn| for |hc ycer emoun||n¸ |o ` 6.13
crore ,prcv|ous ycer ` 8 crorc) hes cccn cher¸co |o |hc s|e|cmcn| of |ron| & |oss /ccoun|.
3. e) ¹hc Ccn|re| ||cc|r|c||y |c¸u|e|ory Comm|ss|on ,C||C) no||nco |hc |c¸u|e||ons, 2OO9 |n !enuery 2OO9, con|e|n|n¸ |n|cr-e||e |hc
|crms eno cono|||ons for oc|crm|ne||on of |er|ff epp||cec|c for e pcr|oo of nvc ycers v||h cffcc| from 1
s|
/pr|| 2OO9. |cno|n¸
oc|crm|ne||on of s|e||on-v|sc |er|ff cy |hc C||C, se|cs hevc cccn prov|s|one||y rcco¸n|zco e| ` 48,935.31 crore ,prcv|ous
ycer ` 44,473.93 crorc) for |hc ycer cnoco 31
s|
Verch 2O11 on |hc ces|s of pr|nc|p|cs cnunc|e|co |n |hc se|o |c¸u|e||ons on
|hc cep||e| cos| cons|ocr|n¸ |hc orocrs of /ppc||e|c ¹r|cune| for ||cc|r|c||y ,/|¹||) for |hc |er|ff pcr|oo 2OO4-2OO9 |nc|uo|n¸
es rcfcrrco |o |n pere 2 ,o).
|c¸u|e||ons, 2OO9 prov|oc |he| pcno|n¸ oc|crm|ne||on of |er|ff cy |hc C||C, |hc Compeny hes |o prov|s|one||y c||| |hc
ccncnc|er|cs e| |hc |er|ff epp||cec|c es on 31
s|
Verch 2OO9 epprovco cy |hc C||C. ¹hc emoun| prov|s|one||y c|||co for |hc ycer
cnoco 31
s|
Verch 2O11 on |h|s ces|s |s ` 47,519.21 crore ,prcv|ous ycer ` 43,7o5.13 crorc).
NTPC Limited Consolidated Financial Statements
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Annual Report 2010-2011 228
NTPC Limited Consolidated Financial Statements
c) |or |hc un||s comm|ss|onco sucscqucn| |o 1
s|
/pr|| 2OO9, pcno|n¸ |hc oc|crm|ne||on of |er|ff cy C||C, se|cs of ` 4,528.39
crore ,prcv|ous ycer ` 1,735.4O crorc) hevc cccn prov|s|one||y rcco¸n|sco on |hc ces|s of pr|nc|p|cs cnunc|e|co |n |hc
|c¸u|e||ons, 2OO9. ¹hc emoun| prov|s|one||y c|||co for such un||s |s ` 4,416.12 crore ,prcv|ous ycer ` 1,53o.5O crorc).
c) Se|cs of ` 819.77 crore ,prcv|ous ycer ` 119.33 crorc) pcr|e|n|n¸ |o prcv|ous ycers hevc cccn rcco¸n|zco cesco on |hc
orocrs |ssuco cy |hc C||C//|¹||.
o) ln rcspcc| of s|e||ons/un||s vhcrc |hc C||C heo |ssuco |er|ff orocrs epp||cec|c from 1
s|
/pr|| 2OO4 |o 31
s|
Verch 2OO9, |hc
Compeny e¸¸r|cvco ovcr meny of |hc |ssucs es cons|ocrco cy |hc C||C |n |hc |er|ff orocrs, n|co eppce|s v||h |hc /|¹||. ¹hc
/|¹|| o|sposco off |hc eppce|s fevourec|y o|rcc||n¸ |hc C||C |o rcv|sc |hc |er|ff orocrs es pcr |hc o|rcc||ons eno mc|hooo|o¸y
¸|vcn. ¹hc C||C n|co eppce|s v||h |hc |on'c|c Suprcmc Cour| of lno|e on somc of |hc |ssucs occ|oco |n fevour of |hc
Compeny cy |hc /|¹||. ¹hc occ|s|on of |on'c|c Suprcmc Cour| |s eve||co. ¹hc Compeny heo sucm|||co |he| || vou|o no|
prcss for oc|crm|ne||on of |hc |er|ff cy |hc C||C es pcr /|¹|| orocrs pcno|n¸ o|spose| of |hc eppce|s cy |hc |on'c|c Suprcmc
Cour|.
Cons|ocr|n¸ cxpcr| |c¸e| op|n|ons oc|e|nco |he| || |s rcesonec|c |o cxpcc| u|||me|c co||cc||on, |hc se|cs for |hc |er|ff pcr|oo
2OO4-2OO9 vcrc rcco¸n|sco |n cer||cr ycers cesco on prov|s|one| |er|ff vor|co ou| cy |hc Compeny es pcr |hc o|rcc||ons eno
mc|hooo|o¸y ¸|vcn cy |hc /|¹||. /s eccoun|e| of se|cs |s suc¦cc| |o |hc occ|s|on of |hc |on'c|c Suprcmc Cour| of lno|e,
pcno|n¸ occ|s|on of |hc |on'c|c Suprcmc Cour| of lno|e, e sum of ` 1,262.86 crore |nc|uoco |n occ|ors hes cccn fu||y
prov|oco for our|n¸ |hc ycer. |ffcc|, |f eny, v||| cc ¸|vcn |n |hc nnenc|e| s|e|cmcn|s upon o|spose| of |hc eppce|s.
c) Conscqucn| |o |ssuc of eoo|||one| cep||e||se||on orocrs cy |hc C||C, eovencc e¸e|ns| ocprcc|e||on rcqu|rco |o mcc| |hc
shor|fe|| |n |hc componcn| of ocprcc|e||on |o cc cher¸co |n fu|urc ycers hes cccn rcesscssco eno |hc cxccss oc|crm|nco
emoun||n¸ |o ` 79.75 crore hes cccn rcco¸n|sco es se|cs.
f) |ur|n¸ |hc ycer, |hc C||C hes |ssuco |er|ff orocrs |n rcspcc| of somc of |hc s|e||ons |n comp||encc v||h |hc ¦uo¸cmcn| of
/|¹|| mcn||onco e| pere o) ecovc, eno |hc ccncnc|er|cs vcrc c|||co eccoro|n¸|y. S|ncc |hc orocrs of C||C |nc|uoc |hosc
|ssucs vh|ch hevc cccn che||cn¸co cy |hcm ccforc |on'c|c Suprcmc Cour|, eno erc pcno|n¸ o|spose|, |hc |mpec| |hcrcof
emoun||n¸ |o ` 252.22 crore hes cccn eccoun|co es '/ovencc from cus|omcrs' |n |hc Schcou|c-15 - 'Currcn| ||ec|||||cs'.
¸) ln rcspcc| of ¦o|n| vcn|urcs se|c of cncr¸y of ` 72.14 crore prov|s|one||y rcco¸n|sco, |n rcspcc| of ncv un||s commcncco
our|n¸ |hc ycer, on |hc ces|s of mu|ue| erren¸cmcn|/pr|nc|p|cs cnunc|e|co |n |hc |c¸u|e||ons, 2OO9.
4. e) Sunory |cc|ors ÷ O|hcr occ|s ,schcou|c 11) |nc|uocs ` 2,698.86 crore ,prcv|ous ycer ` 1,OO1.15 crorc) |overos rcvcnuc
eccoun|co |n eccoroencc v||h |hc eccoun||n¸ po||cy no. 12.1 vh|ch |s yc| |o cc c|||co.
c) C||C hes |ssuco e oref| no||nce||on oe|co 3
ro
Scp|cmccr 2O1O vh|ch |n|cr-e||e prov|ocs for upfron| |ru|n¸ up of un o|scher¸co
||ec|||||cs v||h rc¸ero |o cep||e| cos| eom|||co cy C||C ccforc 1
s|
/pr|| 2OO9. ln en||c|pe||on of nne| no||nce||on en cs||me|co
emoun| of ` 263.59 crore hes cccn prov|oco for |overos |er|ff eo¦us|mcn|.
5. |uc |o unccr|e|n|y of rce||se||on |n |hc ecscncc of senc||on cy |hc Govcrnmcn| of lno|e ,GOl), |hc Compeny's sherc of nc| ennue|
pron|s of onc of |hc s|e||ons |e|cn ovcr cy |hc Compeny |n !unc 2OOo for |hc pcr|oo from 1
s|
/pr|| 198o |o 31
s|
Vey 2OOo emoun||n¸
|o ` 115.58 crore ,prcv|ous ycer ` 115.58 crorc) cc|n¸ ce|encc rccc|vec|c |n |crms of |hc mene¸cmcn| con|rec| v||h |hc GOl hes
no| cccn rcco¸n|sco.
o. 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 Compeny formu|e|co e ocnnco
con|r|cu||on pcns|on schcmc eno scn| |o V|n|s|ry of |ovcr ,VO|) for |hc|r epprove|. |cno|n¸ epprove| of VO|, en emoun| of
` 94.56 crore our|n¸ |hc ycer eno cumu|e||vc|y ` 468.78 crore hes cccn prov|oco up|o 31
s|
Verch 2O11.
7. ¹hc emoun| rc|mcursec|c |o GOl |n |crms of |uc||c |o||cc |o.38 oe|co 5
|h
|ovcmccr, 1999 eno |uc||c |o||cc |o.42 oe|co 1O
|h

Oc|occr, 2OO2 |overos cesh cqu|ve|cn| of |hc rc|cven| occmco cxpor| ccncn|s pe|o cy GOl |o |hc con|rec|ors for onc of |hc
s|e||ons emoun|co |o `276.80 crore ,prcv|ous ycer ` 27o.8O crorc) ou| of vh|ch ` 269.70 crore ,prcv|ous ycer ` 2o9.7O crorc)
hes cccn ocpos||co v||h |hc GOl eno ||ec||||y for |hc ce|encc emoun| of ` 7.17 crore ,prcv|ous ycer ` 7.17 crorc) hes cccn
prov|oco for. |o |n|crcs| hes cccn prov|oco on |hc rc|mcursec|c emoun|s es |hcrc |s no s||pu|e||on for peymcn| of |n|crcs| |n |hc
puc||c no||ccs c||co ecovc.
8. ¹hc Govcrnmcn| of Veohye |reocsh heo no||nco |cvy of Veohye |reocsh Gremccn /vsenrechene ¹e|he Seoe| v||es /oh|n|yem
,V|G/¹Sv/) |ex on coe| v||h cffcc| from Scp|cmccr 2OO5. ¹hc |ex ves che||cn¸co cy |hc coe| supp||cr ccforc |hc |on'c|c
!ece|pur ||¸h Cour| vh|ch s|eyco ||s co||cc||on |n /pr|| 2OOo. |on'c|c !ece|pur ||¸h Cour| cy ||s orocr oe|co 3
ro
|ccruery 2O11
hes vece|co |hc |n|cr|m orocr of /pr|| 2OOo.
¹hc Ccn|re| Govcrnmcn| |ssuco no||nce||on no. GS| 322 ,|) oe|co 1
s|
/u¸ 2OO7, on roye||y vh|ch prov|oc for eo¦us|mcn| of ccss
eno |ex spcc|nc |o coe| ccer|n¸ |enos so es |o ||m|| |hc ovcre|| rcvcnuc |o |hc roye||y.
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NTPC Limited Consolidated Financial Statements
ver|ous Spcc|e| |cevc |c||||ons ,S||s) vcrc prcfcrrco |n |hc |on'c|c Suprcmc Cour| e¸e|ns| |hc |cvy cy |hc e¸¸r|cvco per||cs
vhcrc-ef|cr |hc |on'c|c Suprcmc Cour| pessco en |n|cr|m orocr s|ey|n¸ |hc cocrc|vc co||cc||on of |hc |ex. |ur|n¸ |hc ycer, |on'c|c
Suprcmc Cour| hcero ver|ous S||s eno orocrco |hc esscssccs |o n|c rc|urns eno sucscqucn||y |n o
|h
|cccmccr 2O1O orocrco |hc
esscssccs |o pey |hc |excs v||hou| prc¦uo|cc |o |hc|r r|¸h|s |n |hc pcno|n¸ eppce|s.
Sucscqucn| |o |hc vece||on of |hc s|ey, |or|hcrn Coe| ||c|os ||o, n|co S|| |n |hc |on'c|c Suprcmc Cour|, vh|ch ves o|sposco off
on 21.4.2O11 |n |crms of ||s' cer||cr orocr oe|co o
|h
|cc 2O1O. ln v|cv of |h|s, ||ec||||y |overos V|G/¹Sv/ |ex for |hc pcr|oo from
Scp|cmccr 2OO5 |o !u|y 2OO7 emoun||n¸ |o ` 255.82 crore hes cccn prov|oco for our|n¸ |hc ycer v||h conscqucn| rcco¸n|||on
|n se|cs.
9. /s e rcsu|| of |ssuencc of |hc |cv Coe| ||s|r|cu||on |o||cy ,|C||) cy V|n|s|ry of Coe| |n Oc|occr 2OO7, |hc Compeny eno Coe|
lno|e ||o ,Cl|) rcnc¸o||e|co |hc Vooc| Coe| Supp|y /¸rccmcn| ,CS/) eno Vooc| CS/ ves s|¸nco cc|vccn |hc Compeny & Cl| on
29
|h
Vey 2OO9. besco on |hc Vooc| CS/, coe| supp|y e¸rccmcn|s hevc cccn s|¸nco v||h |hc ver|ous sucs|o|ery compen|cs of Cl|
cy e|| cxccp||n¸ |hrcc of |hc coe| cesco s|e||ons of |hc Compeny. ¹hc CS/s erc ve||o for e pcr|oo of 2O ycers v||h e prov|s|on for
rcv|cv ef|cr cvcry 5 ycers.
1O. ¹hc Compeny che||cn¸co |hc |cvy of |rens|| fcc/cn|ry |ex on supp||cs of coe| |o somc of ||s povcr s|e||ons eno hes pe|o unocr
pro|cs| such |rens|| fcc/cn|ry |ex |o Coe| Compen|cs/Se|cs ¹ex /u|hor|||cs. |ur|hcr, |n ||nc v||h |hc e¸rccmcn| v||h G/l| lno|e ||o.,
|hc Compeny hes e|so pe|o cn|ry |ex eno se|cs |ex on |rensm|ss|on cher¸cs |n rcspcc| of ¸es supp||cs meoc |o ver|ous s|e||ons
|n |hc s|e|c of 0||er |reocsh. G/l| lno|e ||o. hes pe|o such |excs |o |hc eppropr|e|c eu|hor|||cs unocr pro|cs| eno n|co e pc||||on
ccforc |hc |on'c|c ||¸h Cour| of /||eheceo che||cn¸|n¸ |hc epp||cec||||y of rc|cven| /c|. ln cesc |hc Compeny ¸c|s rcfuno from
Coe| Compen|cs/Se|cs ¹ex /u|hor|||cs/G/l| lno|e ||o. on sc|||cmcn| of |hcsc cescs, |hc semc v||| cc pessco on |o rcspcc||vc
ccncnc|er|cs.
11. VO|, GOl v|oc |c||cr oe|co 24.12.2O1O hes commun|ce|co |hc o|scon||nue||on of onc of |hc |yoro |ovcr |ro¦cc|s of |hc Compeny
|n |hc S|e|c of 0||ere|heno. Sucscqucn||y, |hc Compeny hes |ssuco |c||cr of |rus|re||on |o |hc supp||crs/vcnoors of |hc pro¦cc|.
VO| hes sou¸h| oc|e||s of cxpcno||urc |ncurrco, comm|||co cos|s, en||c|pe|co cxpcno||urc on sefc|y eno s|ec|||ze||on mcesurcs,
o|hcr rccurr|n¸ s||c cxpcnscs eno |n|crcs| cos|s, es vc|| es c|e|ms of ver|ous pec|e¸cs of con|rec|ors/vcnoors. Vene¸cmcn|
cxpcc|s |he| |hc |o|e| cos| |ncurrco, en||c|pe|co cxpcno||urc on sefc|y eno s|ec|||ze||on mcesurcs, o|hcr rccurr|n¸ s||c cxpcnscs
eno |n|crcs| cos|s es vc|| es c|e|ms of ver|ous pec|e¸cs of con|rec|ors/vcnoors for |h|s pro¦cc| v||| cc compcnse|co |n fu||. |cncc,
cos| |ncurrco on |hc pro¦cc| up |o 31.O3.2O11 emoun||n¸ |o ` 748.82 crore hes cccn eccoun|co es rccovcrec|c from GOl eno
o|sc|osco unocr 'C|e|ms |ccovcrec|c' |n '|oens eno /ovenccs' ,Schcou|c -14).
12. lssucs rc|e|co |o |hc 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 erc
unocr o|scuss|on v||h |hc cqu|pmcn| supp||cr. |cno|n¸ sc|||cmcn|, ||qu|oe|co oeme¸cs for shor|fe|| |n pcrformencc of |hcsc
cqu|pmcn|s hevc no| cccn rcco¸n|sco.
13. ¹hc Compeny |s cxccu||n¸ e |hcrme| povcr pro¦cc| |n rcspcc| of vh|ch posscss|on ccr||nce|cs for 1,489 acres ,prcv|ous ycer
1,489 ecrcs) of |eno hes cccn henoco ovcr |o |hc Compeny eno e|| s|e|u|ory eno cnv|ronmcn| c|cerenccs for |hc pro¦cc| hevc cccn
rccc|vco. Sucscqucn||y, e h|¸h povcr comm|||cc hes cccn cons|||u|co es pcr |hc o|rcc||ons of GOl |o cxp|orc e||crne|c |oce||on
of |hc pro¦cc| s|ncc prcscn| |oce||on |s s|e|co |o cc e coe| ccer|n¸ erce. /¸¸rc¸e|c cos| |ncurrco up |o 31
s|
Verch 2O11 ` 190.19
crore ,prcv|ous ycer ` 183.1O crorc) |s |nc|uoco |n '||xco /ssc|s' ,Schcou|cs o, 7 eno 8). Vene¸cmcn| |s connocn| of rccovcry of
cos| |ncurrco, hcncc no prov|s|on |s cons|ocrco ncccssery.
14. |ur|n¸ |hc ycer, |hc Compeny hes rccc|vco en op|n|on from |hc |xpcr| /ov|sory Comm|||cc 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 cher¸co |o |hc s|e|cmcn| of |ron| & |oss /ccoun| es eno vhcn |ncurrco. ¹hc Compeny hes rcprcscn|co |he|
such cxpcno||urc cc|n¸ csscn||e| for sc|||n¸ up of e pro¦cc|, |hc semc cc eccoun|co |n ||nc v||h |hc cx|s||n¸ eccoun||n¸ prec||cc
eno sou¸h| e rcv|cv. |cno|n¸ rccc|p| of commun|ce||on rc¸ero|n¸ |hc rcv|cv, cx|s||n¸ |rce|mcn| hes cccn con||nuco es pcr
cx|s||n¸ eccoun||n¸ po||cy.
15. e) Ccr|e|n |oens & eovenccs eno crco||ors |n so fer es |hcsc hevc s|ncc no| cccn rce||sco/o|scher¸co or eo¦us|co erc suc¦cc| |o
connrme||on/rcconc|||e||on eno conscqucn||e| eo¦us|mcn|, |f eny.
c) ln |hc op|n|on of |hc mene¸cmcn|, |hc ve|uc of currcn| essc|s, |oens eno eovenccs 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|.
1o. |ffcc| of chen¸cs |n /ccoun||n¸ |o||c|cs:
|ur|n¸ |hc ycer, |hc Ofncc of |hc Comp|ro||cr & /uo||or Gcncre| of lno|e hes cxprcssco en op|n|on |he| povcr scc|or compen|cs
she|| cc ¸ovcrnco cy |hc re|cs of ocprcc|e||on no||nco cy |hc C||C for prov|o|n¸ ocprcc|e||on |n rcspcc| of ¸cncre||n¸ essc|s |n |hc
eccoun|s |ns|ceo of |hc re|cs es pcr |hc Compen|cs /c|, 195o. /ccoro|n¸|y, |hc Compeny rcv|sco ||s eccoun||n¸ po||c|cs rc|e||n¸
|o cher¸|n¸ of ocprcc|e||on v.c.f 1
s|
/pr|| 2OO9 cons|ocr|n¸ |hc re|cs eno mc|hooo|o¸y no||nco cy |hc C||C for oc|crm|ne||on
35
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Annual Report 2010-2011 23O
NTPC Limited Consolidated Financial Statements
of |er|ff |hrou¸h |c¸u|e||ons, 2OO9. ln cesc of ccr|e|n essc|s, |hc Compeny hes con||nuco |o cher¸c h|¸hcr ocprcc|e||on cesco
on |cchn|ce| esscssmcn| of uscfu| ||fc of |hosc essc|s. Conscqucn| |o |h|s chen¸c, pr|or pcr|oo ocprcc|e||on vr|||cn cec| |s
` 1,173.04 crore, ocprcc|e||on for |hc ycer |s |ovcr cy ` 324.23 crore. /s e rcsu||, nxco essc|s eno pron| ccforc |ex for |hc ycer
|s h|¸hcr cy ` 1,497.27 crore.
|uc |o |hc ecovc chen¸c, |hc emoun| of eovencc e¸e|ns| ocprcc|e||on ,//|) rcqu|rco |o mcc| |hc shor|fe|| |n |hc componcn| of
ocprcc|e||on |n rcvcnuc ovcr |hc ocprcc|e||on |o cc cher¸co off |n fu|urc ycers hes cccn rcesscssco cy |hc Compeny s|e||on-v|sc
es e| 1
s|
/pr|| 2OO9 eno |hc cxccss oc|crm|nco, emoun||n¸ |o ` 727.49 crore hes cccn rcco¸n|sco es pr|or pcr|oo se|cs.
|ur|hcr, |hc emoun| rccovcrec|c from |hc ccncnc|er|cs on eccoun| of ocfcrrco |ex me|cr|e||sco for |hc nnenc|e| ycer 2OO9-1O hes
cccn rcesscssco eno cxccss emoun| of ` 212.67 crore |s rcvcrsco es '|r|or |cr|oo Se|cs' v||h cqu|ve|cn| rcouc||on |n prov|s|on
for |ex of cer||cr ycers |n |hc |ron| eno |oss /ccoun|.
|ur|hcr, ouc |o |hc ecovc chen¸c, ocfcrrco |ex ||ec||||y ,nc|) eno ocfcrrco |ex rccovcrec|c from |hc ccncnc|er|cs es e| 31
s|
Verch
2O1O emoun||n¸ |o ` 3,O49.41 crorc eno ` 2,84O.1o crorc rcspcc||vc|y hevc cccn rcv|cvco eno rcs|e|co |o ` 4,415.19 crorc eno
` 3,8O9.o9 crorc rcspcc||vc|y. /s e rcsu||, ocfcrrco |ex ||ec||||y es e| 31.O3.2O1O hes |ncrcesco cy ` 1,365.78 crore ou| of vh|ch
` 969.53 crore |s rccovcrec|c from |hc ccncnc|er|cs es pcr |c¸u|e||on 39 of |c¸u|e||ons 2OO9 eno nc| |ncrcesc |s |nc|uoco |n |hc
'|rov|s|on for |cfcrrco |ex - |er||cr ycers' |n |hc |ron| eno |oss /ccoun|.
17. |cvcnuc ¸ren|s rcco¸n|sco our|n¸ |hc ycer |s ` 0.43 crore ,prcv|ous ycer ` 1.71 crorc).
18. |¹|C v|oyu| vyeper ||¸em ||o. ,|vv|) |n|cr-e||e cn¸e¸co |n se|c of ny esh & ||s proouc|s ¸|vcn cy |hc compeny e| cos|. Conscqucn|
|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 |n comp||encc of no||nce||on, e sum of ` 48.34 crore hes cccn |rensfcrrco |n
|hc rcscrvc our|n¸ |hc ycer ef|cr nc|||n¸ of rc|e|co/e||ocec|c cos| of ` 9.67 crore from |hc se|c procccos of |hc proouc|s.
19. Disclosure as per Accounting Standard (AS) 15:
Gcncre| ocscr|p||on of ver|ous ocnnco 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. ¹hc con|r|cu||on of
` 191.88 crore ,prcv|ous ycer ` 1oO.35 crorc) |o |hc funos for |hc ycer |s rcco¸n|sco es cxpcnsc eno |s cher¸co |o |hc |ron|
& |oss /ccoun|. ¹hc 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|n¸s 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.
B. Gratuity & Pension
¹hc 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 suc¦cc| |o e mex|mum of ` 0.10 crore on supcrennue||on, rcs|¸ne||on, |crm|ne||on, o|sec|cmcn| or on oce|h.
¹hc 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
Govcrnmcn| |ovcr 0|||||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 no. o ecovc.
¹hc cx|s||n¸ schcmcs erc funoco cy |hc Compeny eno erc mene¸co cy scpere|c |rus|s. ¹hc ||ec||||y for |hc semc |s rcco¸n|sco
on |hc ces|s of ec|uer|e| ve|ue||on.
C. Post-Retirement Medical Facility (PRMF)
¹hc Compeny hes |os|-|c||rcmcn| Vco|ce| |ec||||y ,||V|), unocr vh|ch rc||rco cmp|oycc eno |hc spousc erc prov|oco
mco|ce| fec|||||cs |n |hc Compeny hosp||e|s/cmpenc||co hosp||e|s. ¹hcy cen e|so eve|| |rce|mcn| es Ou|-|e||cn| suc¦cc| |o e
cc|||n¸ nxco cy |hc Compeny. ¹hc ||ec||||y for |hc semc |s rcco¸n|sco on |hc ces|s of ec|uer|e| ve|ue||on.
D. Terminal Bene?ts
¹crm|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. ¹hc ||ec||||y for |hc semc |s rcco¸n|sco on |hc ces|s of ec|uer|e| ve|ue||on.
E. Leave
¹hc 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 e¸c of
35
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Annual Report 2010-2011 231
5O ycers up |o |hc mex|mum of 24O oeys es pcr |hc ru|cs of |hc Compeny. ¹hc ||ec||||y for |hc semc |s rcco¸n|sco on |hc ces|s
of ec|uer|e| ve|ue||on.
¹hc ecovc mcn||onco schcmcs ,C, | eno |) erc unfunoco eno erc rcco¸n|sco on |hc ces|s of ec|uer|e| ve|ue||on.
¹hc summer|sco pos|||on of ver|ous ocnnco ccncn|s rcco¸n|sco |n |hc pron| eno |oss eccoun|, ce|encc shcc| erc es unocr:
,||¸urcs ¸|vcn |n { ] erc for prcv|ous ycer)
i) Expenses recognised in Pro?t & Loss Account
` crorc
Gratuity/
Pension
PRMF Leave Terminal
Bene?ts
Currcn| Scrv|cc Cos| 54.58
{49.59]
9.82
{8.2o]
38.72
{34.O3]
4.32
{4.99]
|es| Scrv|cc Cos| O.O5
{-]
-
{-]
-
{-]
-
{-]
ln|crcs| cos| on ccncn| oc||¸e||on 85.82
{78.5o]
19.o5
{18]
47.1O
{48.8o]
13.4O
{9.41]
|xpcc|co rc|urn on p|en essc|s ,79.22)
{,42.9o)]
-
{-]
-
{-]
-
{-]
|c| ec|uer|e| ,¸e|n)/ |oss rcco¸n|sco |n |hc ycer 48.78
{,39.33)]
45.29
{11.72]
8o.22
{34.o1]
1o.58
{35]
|xpcnscs rcco¸n|sco |n |hc |ron| & |oss /ccoun| 11O.O1
{45.8o]
74.7o
{3o]
172.O4
{117.5O]
34.3O
{5O.45]
||) The amount recognised in the Balance Sheet
` crorc
Gratuity/
Pension
PRMF Leave Terminal
Bene?ts
|rcscn| ve|uc of oc||¸e||on es e| 31.O3.2O11 1193.O4
{1O72.82]
313.O7
{245.o5]
o5o.81
{588.81]
192.53
{1o7.o7]
|e|r ve|uc of p|en essc|s es e| 31.O3.2O11 1O39.O4
{992.59]
-
{-]
-
{-]
-
{-]
|c| ||ec||||y rcco¸n|sco |n |hc be|encc Shcc| 154.OO
{8O.23]
313.O7
{245.o5]
o5o.81
{588.81]
192.53
{1o7.o7]
|||) Changes in the present value of the de?ned bene?t obligations:
` crorc
Gratuity/
Pension
PRMF Leave Terminal
Bene?ts
|rcscn| ve|uc of oc||¸e||on es e| 1.O4.2O1O 1O72.82
{1O47.4O]
245.o5
{214.28]
588.81
{o51.49]
1o7.o7
{125.51]
ln|crcs| cos| 85.82
{78.5o]
19.o5
{18]
47.1O
{48.8o]
13.4O
{9.4O]
Currcn| Scrv|cc Cos| 54.58
{49.59]
9.82
{8.2o]
38.72
{34.O3]
4.32
{4.99]
|es| Scrv|cc Cos| O.O5
{-]
-
{-]
-
{-]
-
{-]
bcncn|s pe|o ,74.77)
{,88.78)]
,7.34)
{,4.o9)]
,1O4.O4)
{,18O.18)]
,9.44)
{,8.29)]
|c| ec|uer|e| ,¸e|n)/ |oss on oc||¸e||on ,54.54)
{,13.95)]
45.29
{11.72]
8o.22
{34.o1]
1o.58
{35]
|rcscn| ve|uc of |hc ocnnco ccncn| oc||¸e||on es e|
31.O3.2O11
1193.O4
{1O72.82]
313.O7
{245.o5]
o5o.81
{588.81]
192.53
{1o7.o7]
NTPC Limited Consolidated Financial Statements
35
th
Annual Report 2010-2011 232
|v) Changes in the fair value of plan assets:
` crorc
Gratuity/
Pension
PRMF Leave Terminal
Bene?ts
|e|r ve|uc of p|en essc|s es e| 1.4.2O1O 992.59
{539.99]
-
{-]
-
{-]
-
{-]
|xpcc|co rc|urn on p|en essc|s 79.24
{42.9o]
-
{-]
-
{-]
-
{-]
Con|r|cu||ons cy cmp|oycr 32.72
{472.77]
-
{-]
-
{-]
-
{-]
bcncn| pe|o ,71.27)
{,88.51)]
-
{-]
-
{-]
-
{-]
/c|uer|e| ¸e|n / ,|oss) 5.7o
{,25.38)]
-
{-]
-
{-]
-
{-]
|e|r ve|uc of p|en essc|s es e| 31.O3.2O11 1O39.O4
{992.59]
-
{-]
-
{-]
-
{-]
v) ¹hc cffcc| of onc pcrccn|e¸c po|n| |ncrcesc/occrcesc |n |hc mco|ce| cos| of ||V| v||| cc es unocr:
` crorc
Particulars Increase by Decrease by
Scrv|cc eno ln|crcs| cos| 5.53 4.44
|rcscn| ve|uc of oc||¸e||on 33.73 52.78
F. Other Employee Bene?ts
|rov|s|on for |on¸ Scrv|cc /vero eno |em||y |conom|c |chec||||e||on Schcmc emoun||n¸ |o ` 2.76 crore ,prcv|ous ycer
crco|| of ` 3.42 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 |ron|
& |oss /ccoun|.
2O. ¹hc cffcc| of forc|¸n cxchen¸c nuc|ue||on our|n¸ |hc ycer |s es unocr:
¹hc emoun| of cxchen¸c o|ffcrcnccs ,nc|) occ||co |o |hc |ron| & |oss /ccoun| |s |) ` 6.50 crore ,prcv|ous ycer crco|| of
` 18.91 crorc).
¹hc emoun| of cxchen¸c o|ffcrcnccs ,nc|) occ||co |o |hc cerry|n¸ emoun| of nxco essc|s eno Cep||e| vor|-|n-pro¸rcss |s ||)
` 170.04 crore ,prcv|ous ycer crco|| of ` 1,183.57 crorc).
21. borrov|n¸ cos|s cep||e||sco our|n¸ |hc ycer erc ` 2,075.72 crore ,prcv|ous ycer ` 1,o84.87 crorc).
22. Sc¸mcn| |nforme||on:
e) bus|ncss Sc¸mcn|:
¹hc 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, pro¦cc| mene¸cmcn| eno supcrv|s|on, o|| eno ¸es cxp|ore||on eno coe| m|n|n¸.
c) Sc¸mcn| |cvcnuc eno |xpcnsc
|cvcnuc o|rcc||y e||r|cu|ec|c |o |hc sc¸mcn|s |s cons|ocrco es Sc¸mcn| |cvcnuc. |xpcnscs o|rcc||y e||r|cu|ec|c |o |hc
sc¸mcn|s eno common cxpcnscs e||oce|co on e rcesonec|c ces|s erc cons|ocrco es Sc¸mcn| |xpcnscs.
c) Sc¸mcn| /ssc|s eno ||ec|||||cs
Sc¸mcn| essc|s |nc|uoc e|| opcre||n¸ essc|s |n rcspcc||vc sc¸mcn|s compr|s|n¸ of nc| nxco essc|s eno currcn| essc|s, |oens
eno eovenccs. Cons|ruc||on vor|-|n-pro¸rcss, cons|ruc||on s|orcs eno eovenccs erc |nc|uoco |n une||oce|co corpore|c eno
o|hcr essc|s. Sc¸mcn| ||ec|||||cs |nc|uoc opcre||n¸ ||ec|||||cs eno prov|s|ons.
NTPC Limited Consolidated Financial Statements
35
th
Annual Report 2010-2011 233
` crorc
Business Segments
Generation Others Total
Current
Year
|rcv|ous
/cer
Current
Year
|rcv|ous
/cer
Current
Year
|rcv|ous
/cer
|cvcnuc :
Se|c of |ncr¸y/Consu||ency, |ro¦cc|
Vene¸cmcn| eno Supcrv|s|on fccs *
56,839.96 47,749.89 578.50 5Oo.5o 57,418.46 48,25o.45
ln|crne| consump||on of c|cc|r|c||y 64.71 55.14 - - 64.71 55.14
¹o|e| 56,904.67 47,8O5.O3 578.50 5Oo.5o 57,483.17 48,311.59
Sc¸mcn| |csu||
#
12,676.69 1O,493.7o 135.98 1oO.85 12,812.67 1O,o54.o1
0ne||oce|co Corpore|c ln|crcs| eno O|hcr
lncomc
2,149.27 2,453.71
0ne||oce|co Corpore|c cxpcnscs, |n|crcs|
eno nnencc cher¸cs
2,569.61 2,O59.21
|ron| ccforc ¹ex 12,392.33 11,O49.11
lncomc/|r|n¸c bcncn| ¹excs ,|c|) 3,044.10 2,211.4o
Pro?t after Tax 9,348.23 8,837.o5
Other information
Segment assets 59,973.14 51,84o.54 1,626.95 1,737.4o 61,600.09 53,584.OO
0ne||oce|co Corpore|c eno o|hcr essc|s 74,980.54 o8,281.24
¹o|e| essc|s 59,973.14 51,84o.54 1,626.95 1,737.4o 136,580.63 121,8o5.24
Sc¸mcn| ||ec|||||cs 9,465.50 8,385.59 1,330.60 1,4O1.23 10,796.10 9,78o.82
0ne||oce|co Corpore|c eno o|hcr
||ec|||||cs
57,399.76 49,4o1.14
¹o|e| ||ec|||||cs 9,465.50 8,385.59 1,330.60 1,4O1.23 68,195.86 59,247.9o
|cprcc|e||on ,|nc|uo|n¸ pr|or pcr|oo) 1,508.14 2,8o8.9o 1.77 1.35 1,509.91 2,87O.31
|on-cesh cxpcnscs o|hcr |hen |cprcc|e||on 1,542.70 1O.92 2.01 1.41 1,544.71 12.33
Cep||e| |xpcno||urc 14,638.58 13,188.89 276.46 135.52 14,915.04 13324.41
* lnc|uocs ` 1,180.00 crore ,prcv|ous ycer ,-) ` 352.13 crorc ) for se|cs rc|e|co |o cer||cr ycers
# Gcncre||on sc¸mcn| rcsu|| vou|o hevc cccn ` 11,496.69 crore ,prcv|ous ycer ` 1O,845.89 crorc) v||hou| |nc|uo|n¸ |hc
Se|cs rc|e|co |o cer||cr ycers.
o) ¹hc opcre||ons of |hc Compeny erc me|n|y cerr|co ou| v||h|n |hc coun|ry eno |hcrcforc, ¸co¸reph|ce| sc¸mcn|s erc
|nepp||cec|c.
23. Related party disclosures
e) |c|e|co per||cs:
|) !o|n| vcn|urcs:
0|||||y |ovcr|cch ||o.,
|¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o.,
b|-|¹|C |ncr¸y Sys|cms ||o.
||) |cy Vene¸cmcn| |crsonnc| of |hc Compeny:
Shr| /rup |oy Chouohury
1
Che|rmen eno Vene¸|n¸ ||rcc|or
Shr| |.S. Sherme
2
Che|rmen eno Vene¸|n¸ ||rcc|or
Shr| Chenoen |oy
3
||rcc|or ,Opcre||ons)
Shr| /.|. S|n¸he| ||rcc|or ,||nencc)
Shr| |.C. Shr|ves|ev
4
||rcc|or ,|umen |csourccs)
Shr| l.!. |epoor ||rcc|or ,Commcrc|e|)
Shr|.b.|.S|n¸h ||rcc|or ,|ro¦cc|s)
Shr| |.|.!e|n
5
||rcc|or ,¹cchn|ce|)
Shr| S.|.S|n¸h
o
||rcc|or ,|umen |csourccs)
Shr| |.|.V|sre
7
||rcc|or ,Opcre||ons)
1. \.c.f. 1
s|
Scp|cmccr 2O1O 2. Supcrennue|co on 31
s|
/u¸us| 2O1O 3. Supcrennue|co on 31
s|
!u|y 2O1O 4. Supcrennue|co
on 3O
|h
!unc 2O1O 5. \.c.f. 13
|h
Vey 2O1O o. \.c.f. 1o
|h
Oc|occr 2O1O 7. \.c.f. 19
|h
Oc|occr 2O1O.
NTPC Limited Consolidated Financial Statements
35
th
Annual Report 2010-2011 234
NTPC Limited Consolidated Financial Statements
c) ¹rensec||ons v||h |hc rc|e|co per||cs e| e ,|) ecovc erc es fo||ovs:
` crorc
|er||cu|ers Current Year |rcv|ous /cer
Transactions during the year
Con|rec|s for \or|s/ Scrv|ccs for scrv|ccs rccc|vco cy |hc Compeny : º
- 0|||||y |ovcr|cch ||o.
- |¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o.
240.52
14.15
217.55
9.93
|cpu|e||on of |mp|oyccs: º
- 0|||||y |ovcr|cch ||o.
- |¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o
0.50
0.57
1.75
4.4o
||v|ocno |ccc|vco: º
- 0|||||y |ovcr|cch ||o.
- |¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o.
1.00
0.36
O.3O
O
/moun| rccovcrec|c for con|rec|s for vor|s/scrv|ccs rccc|vco: º
- 0|||||y |ovcr|cch ||o.
- |¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o.
0.60
0.87
O.25
1.o4
/moun| peyec|c for con|rec|s for vor|s/scrv|ccs rccc|vco: º
- 0|||||y |ovcr|cch ||o.
- |¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o.
47.16
17.52
3o.14
14.o8
/moun| rccovcrec|c on eccoun| of ocpu|e||on of cmp|oyccs: º
- 0|||||y |ovcr|cch ||o.
- |¹|C-/|s|om |ovcr Scrv|ccs |r|ve|c ||o
0.66
0.91
O.73
1.81
¹hc Compeny hes rccc|vco cen| ¸ueren|ccs from 0|||||y |ovcr|cch ||o. for en emoun| of ` 4.18 crore ,prcv|ous ycer ` 4.O2
crorc).
c) |cmuncre||on |o |cy mene¸cmcn| pcrsonnc| for |hc ycer |s ` 3.06 crore ,prcv|ous ycer ` 2.o3 crorc) eno emoun| of oucs
ou|s|eno|n¸ |o |hc Compeny es on 31
s|
Verch 2O11 erc ` 0.11 crore (prcv|ous ycer ` O.Oo crorc).
24. Disclosure regarding leases
a) Finance leases
¹hc Compeny 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
e¸rccmcn|s, oc|e||s of vh|ch erc es unocr:
` crorc
31.3.2011 31.3.2O1O
e) Oc||¸e||ons |overos m|n|mum |cesc peymcn|s
|o| |e|cr |hen onc ycer º 0.72 O.73
|e|cr |hen onc ycer eno no| |e|cr |hen nvc ycers º 0.80 O.87
|e|cr |hen nvc ycers º - -
¹o|e| 1.52 1.oO
c) |rcscn| ve|uc of ,e) ecovc
|o| |e|cr |hen onc ycer º 0.61 O.52
|e|cr |hen onc ycer eno no| |e|cr |hen nvc ycers º 0.73 O.8o
|e|cr |hen nvc ycers º - -
¹o|e| 1.34 1.38
c) ||nencc Cher¸cs 0.18 O.22
b) Operating leases
¹hc Compeny's s|¸n|ncen| |ces|n¸ erren¸cmcn|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. ¹hcsc |ces|n¸ erren¸cmcn|s erc usue||y rcncvec|c on mu|ue||y e¸rcco |crms cu| erc
no| non-cencc||ec|c. Schcou|c 2O - |mp|oyccs' rcmuncre||on eno ccncn|s |nc|uoc ` 76.99 crore ,prcv|ous ycer ` 74.34
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 Schcou|c 21 ÷ 'Gcncre||on,
/om|n|s|re||on eno O|hcr |xpcnscs'. |ur|hcr our|n¸ |hc ycer, |hc Compeny hes |e|cn e hc||cop|cr on vc| |cesc ces|s eno |hc
emoun| of |cesc cher¸cs |s |nc|uoco |n 'V|scc||encous |xpcnscs' |n Schcou|c 21 ÷ 'Gcncre||on, /om|n|s|re||on eno O|hcr
|xpcnscs'.
35
th
Annual Report 2010-2011 235
25. Earning Per Share
¹hc c|cmcn|s cons|ocrco for ce|cu|e||on of |ern|n¸ |cr Sherc ,bes|c eno |||u|co) erc es unocr:
Current year |rcv|ous ycer
|c| |ron| ef|cr ¹ex usco es numcre|or ,` crorc) 9,348.23 8837.o5
\c|¸h|co evcre¸c numccr of cqu||y shercs usco es ocnom|ne|or 8245,464,400 8245,4o4,4OO
|ern|n¸ pcr sherc ,bes|c eno |||u|co)- |n ` 11.34 1O.72
|ecc ve|uc pcr sherc ,|n `) 10/- 1O/-
2o. ¹hc ||cm-v|sc oc|e||s of ocfcrrco |ex ||ec||||y ,nc|) erc es unocr:
` crorc
31.3.2011 31.O3.2O1O
|cfcrrco |ex ||ec||||y
|) ||ffcrcncc of coo| ocprcc|e||on eno |ex ocprcc|e||on 6,265.08 4,2o2
|css: |cfcrrco |ex essc|s
|) |rov|s|ons & O|hcr o|se||ovenccs for |ex purposcs 1,301.88 9oo.7O
||) ||se||ovco u/s 43b of |hc lncomc ¹ex /c|,19o1 323.00 2O7.4O
1,624.88 1,174.1O
|cfcrrco |ex ||ec||||y ,nc|) ÷ ,e) 4640.20 3,O8o.52
|ccovcrec|c from ccncnc|er|cs es pcr |c¸u|e||on 39 of |c¸u|e||ons, 2OO9 ÷ ,c) 3,968.49 2,857.21
be|encc ,e) - ,c) 671.71 229.31
¹hc nc| |ncrcesc our|n¸ |hc ycer |n |hc ocfcrrco |ex ||ec||||y |s ` 442.00 crore ,prcv|ous ycer occrcesc ` 229.o1 crorc) hes cccn
occ||co |o |ron| & |oss /ccoun|.
27. |cscerch eno ocvc|opmcn| cxpcno||urc cher¸co |o rcvcnuc our|n¸ |hc ycer |s ` 28.30 crore ,prcv|ous ycer ` 2O.5o crorc).
28. Foreign currency exposure not hedged by a derivative instrument or otherwise:
` crorc
Sl. Particulars Currencies 31.3.2011 31.3.2O1O
e. borrov|n¸s, |nc|uo|n¸ |n|crcs| eccruco cu| no| ouc |hcrcon. 0S|
JPY
O|hcrs
7,157.37
3,125.17
441.21
7,O52.1o
2,911.3O
422.53
c. Sunory crco||ors/ocpos||s eno rc|cn||on moncy 0S|
|0|O
O|hcrs
1189.05
601.76
30.31
9o7.91
354.54
3o.4O
c. Sunory occ|or eno ben| ce|enccs 0S| 2.08 39.7O
o. 0ncxccu|co emoun| of con|rec|s rcme|n|n¸ |o cc cxccu|co 0S|
|0|O
O|hcrs
2,493.04
4,197.59
25.22
4,312.O5
4,O3O.95
89.48
29. /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 percn| Compeny hes cerr|co ou| |hc esscssmcn| of |mpe|rmcn| of essc|s cesco on such esscssmcn|, |hcrc hes cccn no
|mpe|rmcn| |oss our|n¸ ycer.
3O. ¹hc prc-comm|ss|on|n¸ cxpcnscs our|n¸ |hc ycer emoun||n¸ |o ` 130.28 crore ,prcv|ous ycer ` 253.28 crorc) hevc cccn |nc|uoco
|n ||xco /ssc|s/Cep||e| vor|-|n-pro¸rcss ef|cr eo¦us|mcn| of prc-comm|ss|on|n¸ se|cs of ` 34.96 crore ,prcv|ous ycer ` 24O.57
crorc) rcsu|||n¸ |n e nc| prc-comm|ss|on|n¸ cxpcno||urc of ` 95.32 crore ,prcv|ous ycer ` 12.71 crorc).
31. |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 2O11 |s
` 31,496.08 crore ,prcv|ous ycer ` 37,78O crorc) vh|ch |nc|uoc en emoun| of ` 2,673.05 crore ,prcv|ous ycer ` 3,989.5O
crorc) |n rcspcc| of ¦o|n||y con|ro||co cn||||cs.
32. Contingent Liabilities:
C|e|ms e¸e|ns| |hc Compeny no| ec|nov|co¸co es occ|s |n rcspcc| of: 1.
Cep||e| \or|s ,|)
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 pro¦cc|s hevc |oo¸co
35
th
Annual Report 2010-2011 23o
c|e|ms on |hc Compeny for ` 3,525.43 crore ,prcv|ous ycer ` 3,878.77 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 cher¸cs c|c.
¹hcsc 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.
¹hc 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| 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.
|eno compcnse||on cescs ,||)
ln rcspcc| of |eno ecqu|rco for |hc pro¦cc|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||n¸cn| ||ec||||y of ` 1,851.08 crore ,prcv|ous ycer ` 1,78o.25 crorc)
hes cccn cs||me|co.
O|hcrs ,|||)
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
fccs, pcne||y on o|vcrs|on of e¸r|cu||ure| |eno |o non- e¸r|cu||ure| usc, |e|e |ex, \e|cr roye||y c|c. eno cy o|hcrs, con||n¸cn|
||ec||||y of ` 1,248.00 crore ,prcv|ous ycer ` 1,3Oo.18 crorc ) hes cccn cs||me|co.
¹hc con||n¸cn| ||ec|||||cs rcfcrrco |o |n ,|) ecovc, |nc|uocs en emoun| of ` 1,495.35 crore rc|e||n¸ |o |hc hyoro povcr
pro¦cc| s|e|co |n |o|c no. 11 ecovc, for vh|ch Compeny cnv|se¸cs 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 |c¸u|e||ons suc¦cc| |o pruocncc chcc| cy |hc C||C. ln cesc of ,|||), |hc cs||me|co poss|c|c rc|mcurscmcn|
|s ` 146.97 crore ,prcv|ous ycer ` 428.9O crorc).
2. ||spu|co lncomc ¹ex/Se|cs ¹ex/|xc|sc ocmenos
||spu|co lncomc ¹ex/Se|cs ¹ex/|xc|sc me||crs erc pcno|n¸ ccforc ver|ous /ppc||e|c /u|hor|||cs emoun||n¸ |o ` 2,547.79
crore ,prcv|ous ycer ` 2,299.93 crorc) erc o|spu|co cy |hc Compeny eno con|cs|co ccforc ver|ous /ppc||e|c /u|hor|||cs.
Veny of |hcsc me||crs erc 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|co poss|c|c rc|mcurscmcn| of ` 1,793.37 crore ,prcv|ous ycer ` 1,793.37
crorc).
3. O|hcrs
O|hcr con||n¸cn| ||ec|||||cs emoun| |o ` 408.57 crore ,prcv|ous ycer ` 3O9.O5 crorc).
Somc of |hc ccncnc|er|cs hevc n|co eppce|s e¸e|ns| |hc |er|ff orocrs of |hc C||C. ¹hc emoun| of con||n¸cn| ||ec||||y |n |h|s
rc¸ero |s no| esccr|e|nec|c.
¹hc con||n¸cn| ||ec|||||cs o|sc|osco ecovc |nc|uoc ` 123.09 crore ,prcv|ous ycer ` 59.9O crorc) sherc of ¦o|n||y con|ro||co
cn||||cs.
33. |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|.
34. ||¸urcs hevc cccn rounoco off |o ncercs| rupccs |n crorcs v||h |vo occ|me|s.
35. |rcv|ous ycer n¸urcs hevc cccn rc¸roupco /rcerren¸co vhcrcvcr cons|ocrco ncccssery.
|or eno on cche|f of |hc boero of ||rcc|ors
, /.|.|es|o¸|) ,/.|.S|n¸he|) , /rup |oy Chouohury)
Compeny Sccrc|ery ||rcc|or ,||nencc) Che|rmen & Vene¸|n¸ ||rcc|or
/s pcr our rcpor| of cvcn oe|c
|or |ess Gup|e & /ssoc|e|cs |or |.|.Son| & Co. |or verme & verme
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,/sho| |umer !e|n) ,S.S. Son|) ,C.G. |en|e¦e|shen)
|er|ncr |er|ncr |er|ncr
V |9O5o3 V |94227 V |2O512
|or |ere|h & Co. |or b.C. !e|n & Co. |or S.|. Vch|e & Co.
Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s Cher|crco /ccoun|en|s
,v.|. Ven|r|) ,||shech !e|n) ,|oh|| Vch|e)
|er|ncr |er|ncr |er|ncr
V |74o78 V |o.4OO912 V.|91382
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O11
35
th
Annual Report 2010-2011 237
AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
To
The Board of Directors
NTPC Ltd.
\c hevc euo||co |hc e||echco Conso||oe|co be|encc Shcc| of |¹|C |lVl¹|| ,|hc Compeny) eno ||s Sucs|o|er|cs eno !o|n| vcn|urcs 1.
,co||cc||vc|y rcfcrrco |o es |¹|C Group) es e| 31
s|
Verch 2O11 eno e|so |hc Conso||oe|co |ron| & |oss /ccoun| eno |hc Conso||oe|co
Cesh ||ov S|e|cmcn| for |hc ycer cnoco on |he| oe|c enncxco |hcrc|o. ¹hcsc nnenc|e| s|e|cmcn|s erc |hc rcspons|c||||y of |hc
Compeny's mene¸cmcn| eno hevc cccn prcperco cy |hc mene¸cmcn| on |hc ces|s of scpere|c nnenc|e| s|e|cmcn|s eno o|hcr
nnenc|e| |nforme||on rc¸ero|n¸ componcn|s. 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 euo|||n¸ s|enoeros ¸cncre||y ecccp|co |n lno|e. ¹hosc s|enoeros rcqu|rc |he| vc 2.
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 mene¸cmcn| 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.
\c o|o no| euo|| |hc nnenc|e| s|e|cmcn|s of |hc Sucs|o|er|cs eno !o|n| vcn|urc cn||||cs. ¹hc oc|e||s of |hc essc|s, rcvcnuc eno nc| 3.
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| 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 ` 8.8O crorc, rcvcnucs ` 9.44 crorc eno
nc| cesh novs ` 1.11 crorc vh|ch |s uneuo||co). 9o2.oo 73.49 ,183.58)
|¹|C |yoro ||o. 1O8.97 - ,O.15)
|¹|C v|oyu| vyeper ||¸em ||o. 27O.O1 78.95 32.49
|en|| b|¦|cc 0|peoen ||¸em ||o ,formcr|y |novn es ve|she|| |ovcr Gcncre||on
Compeny ||o.) 8O9.55 51.Oo 8.34
bher||ye |e|| b|¦|cc Compeny ||o. 943.O4 - 123.28
Joint Ventures:
0|||||y |ovcr |cch ||o. o9.12 155.58 7.44
|¹|C -/|s|om |ovcr Scrv|ccs |v|. ||o. 43.O5 14.25 O.85
/reve|| |ovcr Compeny |v|. ||o. 3o49.33 22.o3 11.23
|e|ne¸|r| Ges & |ovcr |v|. ||o. 3535.8O 14O2.77 44.28
|¹|C-SCC| G|oce| vcn|urc |v|. ||o. O.O5 - -
Vc¦e 0r¦e ||¸em |v| ||o. 111 - 4.o2
|ec|ne¸er |ovcr Gcncre||n¸ Compeny |v|. ||o. 1o3.43 - 28.75
|e||one| |ovcr |xchen¸c ||o. 1.7o O.O7 1.OO
|¹|C-b||| |ovcr |ro¦cc| |v|. ||o 7O.99 54.o1 ,8.O2)
Total 10738.37 1853.41 70.53
¹hcsc nnenc|e| s|e|cmcn|s hevc cccn euo||co cy o|hcr euo||ors vhosc rcpor|s hevc cccn furn|shco |o us, eno our op|n|on, so fer
es || rc|e|cs |o |hc emoun|s |nc|uoco |n rcspcc| of |hcsc Sucs|o|er|cs/ !o|n| vcn|urc compen|cs |s cesco so|c|y on |hc rcpor| of
|hcsc euo||ors.
¹hc 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 4.
|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 mene¸cmcn| of |hc
rcspcc||vc cn||||cs. ¹hc 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:
35
th
Annual Report 2010-2011 238
` crorc
Name of the Companies Assets Revenues Net Cash
Flows
|¹|C-¹em||neou |ncr¸y Compeny ||o 2384.75 - ,1.94)
|¹|C- S/l| |ovcr Compeny |v|. ||o. 1o87.O8 719.o5 ,9.O4)
b|-|¹|C |ncr¸y Sys|cms ||o. 5.11 O.17 ,2.O2)
ln|crne||one| Coe| vcn|urc |v|. ||o. O.97 O.O2 O.72
|e||one| ||¸h |ovcr ¹cs| |ecore|ory |v|. ||o 2.O8 - O.43
¹rensformcrs eno ||cc|r|ce| |cre|e ||o. o8.78 91.17 ,O.93)
|ncr¸y |fnc|cncy Scrv|ccs ||o. 27.97 1.51 2O.35
Cl| |¹|C 0r¦e |v|. ||o. O.O4 - -
Total 4176.78 812.52 7.57
\||hou| que||fy|n¸ our rcpor|, vc orev e||cn||on |o |o|c no. 3 ,e) eno ,c) ,Schcou|c 2o - |o|cs on /ccoun|s) |n rcspcc| of 5.
eccoun||n¸ of se|cs on prov|s|one| ces|s pcno|n¸ oc|crm|ne||on of |er|ff cy |hc Ccn|re| ||cc|r|c||y |c¸u|e|ory Comm|ss|on.
\c rcpor| |he| |hc conso||oe|co nnenc|e| s|e|cmcn|s hevc cccn prcperco cy |hc Compeny's mene¸cmcn| |n eccoroencc v||h |hc o.
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.
|ur|hcr |o our commcn|s |n pere 3, 4 eno 5 ecovc, vc rcpor| |he| on |hc ces|s of |hc |nforme||on eno cxp|ene||ons ¸|vcn |o us eno 7.
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 |¹|C Group |o |hc cx|cn| rccc|vco
es s|e|co ecovc, vc erc of |hc op|n|on |he| |hc se|o 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,
|n cesc of Conso||oe|co be|encc Shcc|, of |hc s|e|c of effe|rs of |hc |¹|C Group es e| 31 |)
s|
Verch, 2O11,
|n cesc of Conso||oe|co |ron| & |oss /ccoun|, of |hc pron| for |hc ycer cnoco on |he| oe|c, eno ||)
|n cesc of Conso||oe|co Cesh ||ov S|e|cmcn|, of |hc cesh novs for |hc ycer cnoco on |he| oe|c. |||)
|or |ess Gup|e & /ssoc|e|cs
Cher|crco /ccoun|en|s
||rm |c¸. |OO112|
_ /sho| |umer !e|n ,
|er|ncr
V. |o. O9O5o3
|or | | Son| & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |OO947|
_ S. S. Son| ,
|er|ncr
V. |o. O94227
|or verme & verme
Cher|crco /ccoun|en|s
||rm |c¸. |O4532S
_ CG |en|e¦e|shen ,
|er|ncr
V. |o. O2O512
|or |ere|h & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |1475C
_v. |. Ven|r| ,
|er|ncr
V. |o. O74o78
|or b.C. !e|n & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |O1O99C
_ ||shech !e|n ,
|er|ncr
V. |o. 4OO912
|or S. |. Vch|e & Co.
Cher|crco /ccoun|en|s
||rm |c¸. |OO478|
_ |oh|| Vch|e ,
|er|ncr
V. |91382
||ecc : |cv |c|h|
|e|co : 1O
|h
Vey 2O11
35
th
Annual Report 2010-2011 239
NTPC Limited
Regd. Of?ce : |¹|C bheven, SCO|| Comp|cx, 7, lns|||u||one| /rce, |oo| |oeo, |cv |c|h|-11OOO3
ATTENDANCE SLIP
35
th
Annual General Meeting to be held on Tuesday, September 20, 2011 at 10.30 a.m.
|/V| O| ¹|| /¹¹|||l|G V|Vb||
,l| b|OC| ||¹¹||S)
*|o||o |o.
|| l| |o.
C||cn| l| |o.
|o. of shercs hc|o
|/V| O| ||O×/
,l| b|OC| ||¹¹||S, ¹O b| |l||||
l| l| ¹|| ||O×/ /¹¹|||S l|S¹|/| O| ¹|| V|Vb||)
l, hcrccy rccoro my prcscncc e| |hc 35
|h
/nnue| Gcncre| Vcc||n¸ of |hc Compeny e| /|r |orcc /uo||or|um, Sucro|o |er|, |cv |c|h| ÷ 11O O1O, on
¹ucsoey, Scp|cmccr 2O, 2O11.
S|¸ne|urc of Vcmccr/|roxy
*/pp||cec|c |n cesc of shercs hc|o |n |hys|ce| |orm.
----------------------------------------------------------------------------------------------------------------------------------
NTPC Limited
Regd. Of?ce : |¹|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
|c¸o. |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 35
|h
/nnue| Gcncre| mcc||n¸
of |hc Compeny |o cc hc|o on ¹ucsoey, Scp|cmccr 2O, 2O11 eno e| eny eo¦ournmcn|s |hcrcof.
S|¸nco |h|s.................oey of ......... 2O11.
S|¸ne|urc
¹h|s form |s |o cc usco |n fevour of rcso|u||on,s) no........................ eno e¸e|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) ¹hc form shou|o cc s|¸nco ecross |hc s|emp es pcr spcc|mcn s|¸ne|urc rc¸|s|crco v||h |hc Compeny.
c) ¹hc 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
35
th
Annual Report 2010-2011 24O

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