Power Grid Corporation

The company held its Analyst Meet on 11^th Feb'12, and was addressed by Mr. R.N.Nayak CMD

• Power Grid has transmission line capacity of 90100 ckm of which 30600 ckm was added in 11^th 5 year plan with system availably of 99.93%. Current transformer capacity stands around 102100 MVA of which 42700 MVA was added in 11^th 5 year plan. Thus more than 30% of the existing capacity has been added in the 11^th plan.

• During 11^th 5 year plan, till Dec'11, about 28600 crore of assets have been created and capital investment of around s 47800 crore has been incurred till Dec'11.

• Currently the company has telecom network of more than 25000 km and towers are already leased out in states of Punjab, J&K and Himachal with 2^nd tender to lease out further tower is floated.

• In Consultancy segment, Power Grid is working on domestic projects equivalent of round 17000 crore and international projects equivalent of around 9000 crore. Normally the revenue of Power Grid stands around 10% of the total project, but would vary on different projects depending upon the scope of work. In international geography, company is working mainly in Gulf, African countries and SAARC nations.

• Capital expenditure of about Rs 8700 crore already has been incurred in FY'12 till Dec'11 with another about Rs 10000 crore planed for the balance of FY'12. In FY'12, till Dec'11, about Rs 6300 crore worth of assets have been commercialized or capitalized and about 6200 ckm of transmission line has been added and contracts worth Rs 11500 crore have been awarded.

• During Q3 FY'12, projects worth Rs 2228 crore has been commissioned (Rs 1739 crore for Q3 FY'11).

• Debtors outstanding as on Mar'11 was around Rs 3082 crore, and was largely responsible due to the pending norms of CERC. With CERC order out in June'11, now the company has debtors/receivables of not more than 60 days. Current outstanding debtors are around Rs 460 crore. Company does provide a cash discount of 2% for payment made in less than 60 days.

• For 12^th 5 year plan the company has planned capital investment of around Rs 100000 crore which includes about Rs 55000 crore from IPP's, Rs 14000 crore from UMPP's and rest within Central sector connection and on grid enhancement. The capex will be as per 30% equity and 70% debt format as approved by CERC.

• There are no plans for any fund requirement uptil next 2 years and the company will wait till new regulation comes in 2014.