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Press Meet The Tata Power Company Ltd. 23 rd October 2003

Press Meet The Tata Power Company Ltd. 23 rd October 2003. Performance. Income Statement for Q2 FY04. Note: -ve means Adverse. Income Statement for H1 FY04. Note: -ve means Adverse. Sales - Details. H1FY 04 H1FY 03 Variance %

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Press Meet The Tata Power Company Ltd. 23 rd October 2003

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  1. Press Meet The Tata Power Company Ltd. 23rd October 2003

  2. Performance

  3. Income Statement for Q2 FY04 Note: -ve means Adverse

  4. Income Statement for H1 FY04 Note: -ve means Adverse

  5. Sales - Details H1FY 04H1FY 03Variance% Sales - MUs 5989 6472 (483) (7.5%) Belgaum (109) Licensee (449) Jojobera 27 Wadi 48 BSES (284) BEST 27 Rlys 10 MSEB (203) • Higher sales to BSES in previous year on account of • breakdown of Dahanu Plant due to flooding • higher PLF at Dahanu

  6. Income from Operations H1FY 04H1FY 03Variance% Income from Operations. Rs.Crs. 92.7 49.6 43.1 86.9% Power Business (Rs. 1.7 crores) Others Rs. 44.8 crores

  7. Cost Control Results • Cost Control Measures introduced have significantly reduced cost

  8. Ratio Analysis • Strong Financial Performance with increase in EBITDA margin, Net Profit margin and Return on Equity • EPS has shown an increase 24% • Low Debt : Equity ratio enhances Companies ability to borrow further loans

  9. Road Ahead

  10. We are starting a 330 MW Shrinagar Hydro project in Uttaranchal .The Salient Features are follows:

  11. Setting up Separate Trading Company and approaching CERC for a trading license • Approaching SERCs for 2nd Distribution Licenses • Approaching SEBs for Distribution under Franchisee Scheme

  12. Generation Generation Plans Projects Under Review • Interest in Dabhol Power Project. • TPC to focus on Captive Power Plants for Industrial Consumers

  13. Tala Project • The JV ( with Powergrid Corporation) company is renamed “Powerlinks Transmission Ltd” (Powerlinks) • The grant of Transmission License for Powerlinks has been approved by CERC • Supply Contracts under finalisation • Financing Offers received from Lenders in the range of 8 to 8.5 % which is lowest for a project financed investment • Financial Closure expected by 31st December 2003

  14. Setting Standards in Emissions • TPC’s Trombay plants operate under environmental norms ( SO2), which are more stringent than IFC norms.

  15. Environment friendly Trombay Thermal Power Station

  16. Pumped Storage Operation at Bhira • The Pumped Storage at TPC’s Bhira Station designed to pump water during off peak period and meet peak load demand • Availability Based Tariff regime will enable TPC to use cheap power during offpeak to pump water and sell power from the Pump Storage at high price during peak time • This will enable TPC to sell about 113 additional Mus resulting in profit of about Rs 15 Crs

  17. Standby charges • BSES • As per the High Court/ Supreme Court order, BSES to pay the balance Standby arrears of Rs 242 Crores (for the period upto June 03) • BSES to continue to pay monthly standby charges of Rs 16.5 Crores @ 50% from July 03 • TPC • TPC to continue to pay Rs. 16.5 crores per month for as Standby Charges (50 %) • Supreme Court has directed MERC to examine the issue again • Interim order of the Mumbai High Court to continue to apply till MERC decides on the issue.

  18. Other Divisions

  19. Power System Divisions Orders in Hand : Rs 296 Crs (Rs 159 Crs in the previous year)

  20. Strategic Electronics Divisions • Major win in design programmers for Army & Air force missile launcher • Orders and LOI in hand are in excess of Rs 102 Crores

  21. Strategic Electronics Divisions (Contd.) TATA MBRL (PINAKA) ROCKET LAUNCHER The Tata MBRL (Pinaka) Launcher being presented during the Republic Day Parade 2003, which has been cleared for production & induction into the Indian Army

  22. Broadband • Crossed Rs 2 Crs recurring revenue per month • Launched MPLS VPNs on Mumbai – Delhi with partner networks • First Video-over-IP broadcast • Cumulative PBT positive

  23. Community Development

  24. Initiatives towards Community Development • Plantation of 7.2 Lakh saplings (against 6.5 Lakhs) completed in the catchment area • 1 Lakh fingerlings were released in village ponds • 7 Medical camps were held in the Hydro head works villages and over 1600 patients were treated. • Medical camp was organized at Kondali village in Jamshedpur and 140 patients were treated

  25. Share Price Performance

  26. Share Price and Price Earnings • 90% jump in the share price, resulting in a out performance of almost 70% vis-à-vis the SENSEX. • Tata Power still trading at a 50% discount to the SENSEX in terms of the PE.

  27. Thank You

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