Random Musings

Digging deeper into Power sector NPLs

Annexure

All figures in Rs crores and based on FY14 filings

Company Name Op. Profit

(ex- Oth. Inc.) Interest Expense

Net Worth

Total Debt Sector

Ajmer Vidyut Vitran Nigam Ltd. -2,256 2,938 -18,337 24,812 Government Jaipur Vidyut Vitran Nigam Ltd. -2,907 2,828 -17,432 23,682 Government Jodhpur Vidyut Vitran Nigam Ltd. -1,693 2,800 -19,246 23,493 Government Adani Power Maharashtra Ltd. 782 951 3,246 16,031 Private KSK Energy Ventures Ltd. 537 722 2,991 15,134 Private Sasan Power Ltd. -0 6,831 14,817 Private Coastal Gujarat Power Ltd. 529 1,240 627 14,030 Private Karnataka Power Corpn. Ltd. 890 1,111 7,696 13,420 Government KSK Mahanadi Power Co Ltd. 110 124 2,491 10,294 Private RattanIndia Power Ltd. 43 132 5,372 10,276 Private Southern Power Distribution Company Of Telangana Ltd. 288 1,001 -5,953 8,793 Government GVK Energy Ltd. 33 185 1,791 8,701 Private Lanco Amarkantak Power Ltd. 233 299 1,639 8,005 Private Southern Power Distribution Co of AP Ltd -1,774 423 -3,227 7,031 Government Adani Power Rajasthan Limited 215 278 413 7,004 Private Lalitpur Power Generation Company Ltd. -1 2,425 6,373 Private Essar Power Ltd. 289 519 8,408 6,261 Private Nabha Power Ltd 481 507 2,210 6,080 Private GMR Chhattisgarh Energy Ltd. -5 1,561 5,993 Private Haryana Vidyut Prasaran Nigam Ltd. 404 448 2,588 5,632 Government Talwandi Sabo Power Ltd. -111 2,413 5,422 Government GMR Kamalanga Energy Ltd. -40 284 1,490 4,542 Private Bangalore Electricity Supply Co Ltd. -200 333 1,517 4,524 Government GMR Energy Ltd. -56 294 4,732 4,524 Private Northern Power Distribution Company Of Telangana Ltd. 204 228 -2,590 4,306 Government DB Power Limited - 1,950 4,222 Private BSES Rajdhani Power Ltd. 102 702 1,653 4,081 Private Reliance Utilities & Power Ltd. - 208 5,907 4,061 Private Hinduja National Power Corporation Ltd. -1 12 1,351 4,044 Private Jindal India Thermal Power Ltd. -0 1,296 3,987 Private Essar Power Gujarat Limited 147 642 852 3,827 Private Alaknanda Hydro Power Co.Limited -0 0 944 3,596 Private Emco Energy Ltd. -34 368 -121 3,579 Private Eastern Power Distribution Co. Of Andhra Pradesh Ltd. -69 159 -334 3,516 Government Sardar Sarovar Narmada Nigam Ltd. - 40,017 3,478 Government NLC Tamilnadu Power Ltd - - 1,560 3,437 Government GMR Rajahmundry Energy Ltd. -1 515 3,397 Private Torrent Energy Ltd. 4 7 2,005 3,168 Private Lanco Kondapalli Power Pvt Ltd. -79 159 1,255 3,131 Private

Random Musings

Digging deeper into Power sector NPLs

Entegra Ltd. -2 22 278 3,113 Private BSES Yamuna Power Ltd. -643 500 792 2,835 Private Sai Wardha Power Ltd. 165 336 98 2,775 Private Athena Chhattisgarh Power Pvt Ltd. -1 0 891 2,745 Private Shree Maheshwar Hydel Power Corporation Ltd. - 499 2,715 Private Bhartiya Rail Bijlee Company Limited 3 3 1,106 2,537 Government GVK Power (Goindwal Sahib) Ltd. -1 929 2,437 Private NCC Power Projects Ltd. -2 1,488 2,317 Private Orient Green Power Company Ltd. 207 266 1,056 2,227 Private Meenakshi Energy Pvt Ltd. -40 793 2,200 Private Durgapur Projects Ltd. 11 110 53 2,113 Government Total of top 50 cos 338,719

Of which: Govt Owned cos 136,198 Total Power Sector stressed debt 376,197

Source: ACE Analyser database