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NHPC Limited Earnings Release 2022
62394_rns_2022-05-25_7101196e-3da3-4113-8098-c4297a15a2ab.pdf
Earnings Release
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(A Govt. of India Enterprise)
~/Phone: 0129-2278018
B'a:~ ft./Ref. No. N H/CS/199
~!Date 25.05.2022
| 1 Manager | General Manager | ||||
|---|---|---|---|---|---|
| The Listing Department, | The Listing Department | ||||
| M/s BSE Limited, | M/s National Stock Exchange of India Limited, | ||||
| Phiroze Jeejeebhoy Towers, Dalal Street, | Exchange Plaza, Sandra Kurla Complex, |
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| Mumbai-400001 | Sandra( E) | ||||
| ~fcn:rm. | Mumbai- 400051 | ||||
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| ¢- 400 001 , |
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| Scrip Code: 533098 | ¢- 400 051 , |
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| Scrip Code: NHPC |
I SIN No. INE848E01 016
- Sub: Intimation under Regulation 30 of SEBI (Listing and Obligations and Disclosure Requirements) Regulations, 2015 regarding Outcome of Meeting of Board of Directors of NHPC Limited held on Wednesday, 25th May, 2022.
- f.M<:r: ~ 1 2511{ 1 2022 cit 31 1~ Dia ~'1 ~:q<f)d) Rtf?lh ~ ~!?ffi ~ cfiT ~ ~ qft:uiiSi ~ ~ ~ mfT (~-ifl alotid l (~) al '64d ~ ~ SICfiJlCfi(UI ~ fclf.'l~t:l 2015 ~ fclf.'l~t:l 30~~~I
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In continuation to our earlier letter dated 02.05.2022 and in compliance to Regulation 30 of SEBI (Listing and Obligations and Disclosure Requirements) Regulations, 201 5, it is to inform that Board of Directors of NHPC Limited in its meeting held today i.e. Wednesday, 25th May, 2022 (meeting commenced at 12:00 Noon and concluded at ol 5of.l1.) has considered and approved the following :
-
- Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended on 31 st March, 2022. A copy of Audited Financial Results is enclosed herewith. The Auditors' Report will be forwarded in due course.
-
- Proposal for raising of Debt upto Rs.6300 crore during financial year 2022-23 through issuance of secured/ unsecured, redeemable, taxable, non-cumulative non-convertible taxable Corporate Bonds in one or more series/tranches on private placement basis and/or raising of Term loans/External Commercial Borrowings (ECB) in suitable tranches
The Board of Directors in the aforesaid meeting has also recommended final dividend @ 5% of face value of Rs 10/- per share (Re.0.50 per equity share) on the paid up share capital of the Company for the FY 2021-22, subject to approval of shareholders in the ensuing Annual General Meeting. This is in addition to the interim dividend of Rs 1.31 per equity share for the FY 2021-22 paid in March, 2022. The final dividend, if declared, wi ll be paid within the statutory period as per the Companies Act, 2013.
Statutory Auditors' Certificate with respect to listed debt securities of the Company as on March 31, 2022 in terms of Regulation 54 read with regulation 56(1 )(d) of the SEBI (LODR) Regulations, 2015 is also submitted herewith. ~
एन्।एच पी सी $MHPC$
Continuation sheet no $\mathcal{O}$ 1.
सेबी [सचीबद्धता (लिस्टिंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] विनियम, 2015 के विनियम 30 के अनुपालन में यह सुचित किया जाता है की एनएचपीसी लिमिटेड के निदेशक मंडल ने आज यानि बुधवार, 25 मई, 2022 को हुई बैठक (बैठक दोपहर 12 : 00 बजे शुरू हुई और शामol:ऽ०१॥बजे समाप्त हुई) में निम्नलिखित पर विचार और अनमोदन किया है:
- क) कंपनी के 31 मार्च, 2022 को समाप्त हुई तिमाही और वार्षिक अंकेक्षित वित्तीय परिणामो (स्टैंडअलोन और समेकित)। लेखापरीक्षित वित्तीय परिणामों की एक प्रति संलग्न है। लेखा परीक्षकों की रिपोर्ट नियत समय में अग्रेषित की जाएगी।
- ख) वित्तीय वर्ष 2022-23 के दौरान 6300 करोड़ रुपये तक ऋण जटाने के लिए प्राइवेट प्लेसमेंट के माध्यम से सुरक्षित/असुरक्षित,प्रतिदेय, कर योग्य,गैर-संचयी गैर-परिवर्तनीय कर योग्य कॉरपोरेट बॉन्ड्स (एक या एक से अधिक श्रृंखलाओं में) और/या उपयुक्त किश्तों में अवधि ऋण /बाह्य वाणिज्यिक उधार (ECB) जारी करने का प्रस्ताव है ।
उपरोक्त निदेशक मंडल की बैठक में वित्त वर्ष 2021-22 के लिए कंपनी की प्रदत्त शेयरपुंजी पर रूपये 10 -/प्रति शेयर अंकित मुल्य के शेयरों का 5 % प्रति शेयर की दर से (प्रत्येक इक्विटी शेयर पर रु . 0 .50) अंतिम लाभांश देने की भी संस्तति की है. यह अंतिम लाभांश आगामी वार्षिक आम बैठक में शेयरधारकों की मंजरी के अधीन है । यह लाभांश कंपनी द्वारा वित्त वर्ष 2021-22 के लिए मार्च, 2022 में दिये गए अंतरिम लाभांश रूपये 1 .31 प्रति शेयर के अतिरिक्त है । अंतिम लाभांश, यदि घोषित किया जाता है, तो कंपनी अधिनियम, 2013 के अनुसार वैधानिक अवधि के भीतर भगतान किया जाएगा ।
सेबी [सुचीबद्धता (लिस्टिंग) बाध्यताएँ और प्रकटीकरण अपेक्षाएँ] विनियम, 2015 के विनियम 56(1)(डी) के साथ पठित विनियम 54 के अनुसार, कंपनी की 31 मार्च, 2022 तक सूचीबद्ध ऋण प्रतिभूतियां के संबंध मे सांविधिक लेखा परीक्षकों का प्रमाणपत्र भी संलग्न है।
धन्यवाद |
संग्लन: उपरोकतानुसार
हपा देव) कंपनी सचिव
भवदीय,
NHPC LIMITED (A Government of India Enterprise) CIN: L40101HR1975GOI032564 SECTOR-33, FARIDABAD, HARYANA - 121 003
STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2022
| (Rs. in crore) | ||||||
|---|---|---|---|---|---|---|
| Quarter Ended | Year Ended | |||||
| 31.03.2022 | 31.12.2021 | 31.03.2021 | 31.03.2022 | 31.03.2021 | ||
| S.No | PARTICULARS | Audited (Refer Note 15) |
Unaudited | Audited (Refer Note 15) |
Audited | Audited |
| 1 | Income (a) Revenue from Operations |
1,505.76 | 1,932.39 | 1,341.48 | 8,353.80 | 8,506.58 |
| (b) Other Income | 501.72 | 150.18 | 441.62 | 1,026.18 | 1,155.98 | |
| Total Income (a+b) | 2,007.48 | 2,082.57 | 1,783.10 | 9,379.98 | 9,662.56 | |
| 2 | Expenses | |||||
| (a) Purchase of Power - Trading (b) Generation Expenses |
134.10 | ÷. | $\blacksquare$ | 44.58 | 212.37 | |
| (c) Employee Benefits Expense | 498.35 | 128.92 319.34 |
131.18 345.16 |
841.24 1,440.78 |
854.37 1.393.91 |
|
| (d) Finance Costs | 133.14 | 130.41 | 136.88 | 531.75 | 571.49 | |
| (e) Depreciation and Amortization Expense | 280.26 | 286.50 | 230.27 | 1,126.22 | 1,228.65 | |
| (f) Other Expenses Total Expenses (a+b+c+d+e+f) |
449.66 1,495.51 |
304.37 1,169.54 |
410.24 1,253.73 |
1,348.55 5,333.12 |
1,419.61 | |
| 3 | Profit before Exceptional items, Movements in Regulatory Deferral | 5,680.40 | ||||
| Account Balances and Tax (1-2) | 511.97 | 913.03 | 529.37 | 4,046.86 | 3,982.16 | |
| $\overline{4}$ | Exceptional items (Refer Note 4) | 185.00 | ||||
| 5 | Profit before tax and Movements in Regulatory Deferral Account Balances (3-4) |
511.97 | 913.03 | 529.37 | 4,046.86 | 3,797.16 |
| 6 | Tax Expenses | |||||
| a) Current Tax | 68.94 | 182.39 | 131.34 | 726.23 | 714.17 | |
| b) Deferred Tax (Refer Note 5) | (42.68) | (1,457.21) | (2.81) | (1,487.50) | (34.04) | |
| $\overline{7}$ | Total Tax Expense (a+b) Profit for the period before movements in Regulatory Deferral Account |
26.26 | (1, 274.82) | 128.53 | (761.27) | 680.13 |
| Balances (5-6) | 485.71 | 2,187.85 | 400.84 | 4,808.13 | 3,117.03 | |
| 8 | Movement in Regulatory Deferral Account Balances (Net of Tax) (Refer Note 5) |
74.38 | (1, 427.29) | 15.06 | (1, 270.42) | 128.03 |
| 9 | Profit for the period $(7+8)$ | 560.09 | 760.56 | 415.90 | 3,537.71 | 3,245.06 |
| 10 | Other Comprehensive Income | |||||
| (i) Items that will not be reclassified to profit or loss (Net of Tax) (a) Remeasurement of post employment defined benefit obligations |
5.06 | 1.48 | 65.00 | 9.51 | (40.29) | |
| Less:- Movement in Regulatory Deferral Account Balances in respect of tax on defined benefit obligations |
2.47 | (2.07) | (5.71) | (3.73) | 2.87 | |
| -Movement in Regulatory Deferral Account Balances-Remeasurement of post employment defined benefit obligations |
2.33 | × | 2.33 | × | ||
| Sub total (a) | 2.59 | 5.88 | 70.71 | 15.57 | (43.16) | |
| (b) Investment in Equity Instruments | (32.04) | (8.28) | 22.86 | 5.40 | 47.13 | |
| Sub total (b) Total $(i)=(a)+(b)$ |
(32.04) | (8.28) | 22.86 | 5.40 | 47.13 | |
| (ii) Items that will be reclassified to profit or loss (Net of Tax) | (29.45) | (2.40) | 93.57 | 20.97 | 3.97 | |
| - Investment in Debt Instruments | (3.97) | (3.66) | (7.60) | (8.21) | 3.23 | |
| Total (ii) | (3.97) | (3.66) | (7.60) | (8.21) | 3.23 | |
| Other Comprehensive Income (i+ii) | (33.42) | (6.06) | 85.97 | 12.76 | 7.20 | |
| 11 | Total Comprehensive Income for the period (9+10) | 526.67 | 754.50 | 501.87 | 3,550.47 | 3,252.26 |
| 12 | Paid-up equity share capital (of Face Value ₹ 10/- per share) | 10,045.03 | 10,045.03 | 10,045.03 | 10,045.03 | 10,045.03 |
| 13 | Reserves excluding Revaluation Reserves | 23,441.07 | 24,274.50 | 21,558.08 | 23,441.07 | 21,558.08 |
| 14 | Net worth | 33,486.10 | 34,319.53 | 31,603.11 | 33,486.10 | 31,603.11 |
| 15 | Paid-up debt capital (Comprises Long term debts and Lease Liabilities including current maturities thereof, Short term Borrowings and Payable towards Bonds fully serviced by Government of India.) |
28,047.72 | 25,548.64 | 25,379.98 | 28,047.72 | 25,379.98 |
| 16 | Capital redemption reserve | 2,255.71 | 2,255.71 | 2,255.71 | 2,255.71 | 2,255.71 |
| 17 18 |
Debenture (Bond) redemption reserve Earning per share (Basic and Diluted) (Equity shares, face value of ₹ 10/- each) |
1,366.25 | 1,641.95 | 1,641.95 | 1,366.25 | 1,641.95 |
| - Before movements in Regulatory Deferral Account Balances (in $\ell$ ) - (not annualised) |
0.48 | 2.18 | 0.40 | 4.79 | 3.10 | |
| - After movements in Regulatory Deferral Account Balances (in $\bar{z}$ ) - (not | 0.56 | 0.76 | 0.41 | 3.52 | 3.23 | |
| 19 | annualised) Debt equity ratio (Paid-up debt capital / Shareholder's Equity) |
0.84 | 0.74 | 0.80 | 0.84 | 0.80 |
| 20 | Debt service coverage ratio (DSCR) [Profit after tax but before Interest and Depreciation]/[Principal repayment, excluding payment under put option+Interest] * |
1.88 | 3.67 | 1.48 | 3.62 | 3.03 |
| 21 | Interest service coverage ratio (ISCR) [Profit after tax but before Interest and Depreciation]/ Interest. * |
5.31 | 6.58 | 4.14 | 7.18 | 6.60 |
| 22 | Current Ratio (Current Assets / Current liabilities) | 1.20 | 1.02 | 1.27 | 1.20 | 1.27 |
Introf
١
| 23 | Long Term Debt to working Capital ratio (Long term borrowings including current maturity of long term borrowing / {working capital excluding current maturities of long term borrowings}) |
9.78 | 15.78 | 8.46 | 9.78 | 8.46 |
|---|---|---|---|---|---|---|
| 24 | Bad Debts to Account Receivable Ratio (Bad debts / Average Trade receivables) |
0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| 25 | Current Liability Ratio (Current liabilities / Total liabilities) | 0.16 | 0.21 | 0.16 | 0.16 | 0.16 |
| 26 | Total Debts to Total Assets (Paid up debt capital / Total assets) | 0.40 | 0.37 | 0.38 | 0.40 | 0.38 |
| 27 | Debtors Turnover (Revenue from operations / Average trade receivables) - Annualised |
1.25 | 1.52 | 1.00 | 1.81 | 1.65 |
| 28 | Inventory Turnover ratio (Revenue from operations / Average inventory) - Annualised |
43.17 | 54.32 | 39.90 | 62.59 | 65.71 |
| 29 | Operating Margin (%) (Operating profit / Revenue from operations) | 12.95 | 42.73 | 20.40 | 43.50 | 42.24 |
| 30 | Net Profit Margin (%) (Profit for the period / Revenue from operations) | 37.20 | 39.36 | 31.00 | 42.35 | 38.15 |
| For the calculation of ISCR and DSCR, amount of interest and Principal repayments against the borrowings of the operational projects have been considered. Statement of Standalone Assets and Liabilities and Statement of Standalone Cash Flows are attached as Annexure-I and Annexure-II respectively. |
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Channel
STATEMENT OF STANDALONE ASSETS AND LIABILITIES
Annexure-I
| (Rs. in crore) | ||||||
|---|---|---|---|---|---|---|
| PARTICULARS | As at 31st March, 2022 (Audited) |
As at 31st March, 2021 (Audited) |
As at 1st April, 2020 (Audited) |
|||
| ASSETS | ||||||
| (1) NON-CURRENT ASSETS | ||||||
| a) Property, Plant and Equipment | 19,024.55 | 19,174.60 | 21,468.76 | |||
| b) Capital Work In Progress | 20,573.84 | 17,852.56 | 16,097.65 | |||
| c) Right Of Use Assets | 1,783.12 | 1,752.92 | 1,826.98 | |||
| d) Investment Property | 4.49 | 4.49 | 4.49 | |||
| e) Intangible Assets | 3.11 | 3.52 | 0.72 | |||
| f) Financial Assets | ||||||
| i) Investments ii) Loans |
5,414.34 | 3,921.68 | 3,400.74 | |||
| iii) Others | 1,017.59 4,502.78 |
920.27 4,940.27 |
776.20 3,458.36 |
|||
| g) Non Current Tax Assets (Net) | 9.52 | 138.90 | ||||
| h) Other Non Current Assets | 3,753.96 | 3,560.71 | 3,035.41 | |||
| TOTAL NON CURRENT ASSETS | 56,087.30 | 52,131.02 | 50,208.21 | |||
| (2) CURRENT ASSETS | ||||||
| a) Inventories | 130.30 | 124.42 | 118.24 | |||
| b) Financial Assets | ||||||
| i) Trade Receivables | 4,621.48 | 4,532.49 | 5,731.95 | |||
| ii) Cash and Cash Equivalents | 937.78 | 145.57 | 8.87 | |||
| iii) Bank balances other than Cash and Cash Equivalents | 222.93 | 768.39 | 380.25 | |||
| iv) Loans | 55.68 | 48.08 | 45.55 | |||
| v) Others | 731.73 | 1,067.12 | 786.61 | |||
| c) Current Tax Assets (Net) | 123.17 | 165.73 | 127.14 | |||
| d) Other Current Assets | 441.14 | 372.08 | 375.91 | |||
| TOTAL CURRENT ASSETS | 7,264.21 6,948.11 |
7,223.88 | 7,574.52 | |||
| (3) Regulatory Deferral Account Debit Balances | 6,902.93 | 6,774.90 | ||||
| TOTAL ASSETS | 70,299.62 | 66,257.83 | 64,557.63 | |||
| PARTICULARS | As at 31st March , 2022 (Audited) |
As at 31st March , 2021 (Audited) |
As at 1st April, 2020 (Audited) |
|||
| EQUITY AND LIABILITIES | ||||||
| $(1)$ EQUITY | ||||||
| a) Equity Share Capital | 10,045.03 | 10,045.03 | 10,045.03 | |||
| b) Other Equity | 23,441.07 | 21,558.08 | 19,882.89 | |||
| TOTAL EQUITY | 33,486.10 | 31,603.11 | 29,927.92 | |||
| (2) LIABILITIES | ||||||
| NON-CURRENT LIABILITIES | ||||||
| a) Financial Liabilities | ||||||
| i) Borrowings | 23,166.61 | 21,230.99 | 20,878.66 | |||
| ia) Lease Liabilities ii) Other financial liabilities |
12.88 | 10.23 | 11.08 | |||
| b) Provisions | 2,088.04 48.05 |
2,054.34 | 2,059.23 | |||
| c) Deferred Tax Liabilities (Net) (Refer Note 5) | 2,100.74 | 28.38 3,589.36 |
27.66 3,641.19 |
|||
| d) Other non-current Liabilities | 2,026.16 | 2,034.79 | 2,082.65 | |||
| TOTAL NON CURRENT LIABILITIES | 29,442.48 | 28,948.09 | 28,700.47 | |||
| (3) CURRENT LIABILITIES | ||||||
| a) Financial Liabilities | ||||||
| i) Borrowings | 2,848.76 | 2,119.14 | 2,331.26 | |||
| ia) Lease Liabilities | 2.27 | 2.42 | 2.83 | |||
| ii) Trade Payables | ||||||
| Total outstanding dues of micro enterprises and small enterprises | 23.12 | 30.79 | 18.85 | |||
| Total outstanding dues of Creditors other than micro enterprises | 166.45 | 167.48 | 281.55 | |||
| and small enterprises iii) Other financial liabilities |
||||||
| b) Other Current Liabilities | 1,370.72 | 1,532.97 565.85 |
1,264.15 802.44 |
|||
| c) Provisions | 510.70 1,135.75 |
1,252.98 | 1,228.16 | |||
| d) Current Tax Liabilities (Net) | 35.00 | $\sim$ | ||||
| TOTAL CURRENT LIABILITIES | 6,057.77 | 5,706.63 | 5,929.24 | |||
| (4) Regulatory Deferral Account Credit Balances (Refer Note 5) | 1,313.27 |
NHPC LIMITED (A Government of India Enterprise)
CIN: L40101HR1975GOI032564
STATEMENT OF STANDALONE CASH FLOWS FOR THE YEAR ENDED 31st MARCH, 2022
| For the Year ended 31st March, 2022 |
For the Year ended 31st March, 2021 |
$(3)$ in crore) | ||
|---|---|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES Profit before tax for the year including movements in Regulatory Deferral Account Balance Less: Movement in Regulatory Deferral Account Balances |
2776.44 (1270.42) |
3925.19 128.03 |
||
| Profit before Tax | 4046.86 | 3797.16 | ||
| ADD: Depreciation and Amortization Finance Cost (Net of EAC) |
1126.22 531.75 |
1228.65 571.49 |
||
| Provisions (Net Loss) Tariff Adjustment (loss) |
42.54 34.70 |
220.40 | ||
| Sales adjustment on account of Exchange Rate Variation Loss/(Profit) on sale of assets/Claims written off |
44.02 12.55 |
50.03 8.69 |
||
| 1791.78 | 2079.26 | |||
| LESS: | 5838.64 | 5876.42 | ||
| Advance against Depreciation written back | 48.25 | 48.38 | ||
| Provisions (Net gain) Adjustment against Consultancy Charges from Subsidiary Companies |
28.13 2.04 |
21.82 2.63 |
||
| Dividend Income | 301.71 | 292.68 | ||
| Interest Income including Late Payment Surcharge | 384.34 | 680.14 | ||
| Exchange rate variation (Gain) Fair value Audjustments |
49.28 0.40 |
34.21 (0.78) |
||
| Amortisation of Government Grants | 33.20 | 32.26 | ||
| 847.35 | 1111.34 | |||
| Cash flow from Operating Activities before Operating Assets and Liabilities adjustments and Taxes |
4991.29 | 4765.08 | ||
| Changes in Operating Assets and Liabilities: | ||||
| Inventories Trade Receivables |
(5.93) (88.99) |
(6.26) 1987.52 |
||
| Other Financial Assets, Loans and Advances | 933.45 | (1537.22) | ||
| Other Financial Liabilities and Provisions | (271.61) | (100.79) | ||
| Regulatory Deferral Account Credit Balances | 1313.27 | |||
| Cash flow from operating activities before taxes | 1880.19 6871.48 |
343.25 5108.33 |
||
| Less : Taxes Paid | 730.69 | 581.42 | ||
| NET CASH FLOW FROM OPERATING ACTIVITIES (A) | 6140.79 | 4526.91 | ||
| B. CASH FLOW FROM INVESTING ACTIVITIES Purchase of Property, Plant and Equipment, Investment Property, Other Intangible Assets & Expenditure on construction projects (including expenditure attributable to construction forming part of |
(4311.03) | (1861.69) | ||
| Capital Work in Progress for the year)- Net of Grant Sale of Assets |
2.78 | 0.25 | ||
| Investment in Joint Venture (including Share Application Money pending allotment) |
(451.56) | (500.00) | ||
| Investment in Subsidiaries (including Share Application Money pending allotment) |
(744.18) | (280.41) | ||
| Proceeds from Sale of Investment Dividend Income |
0.40 | |||
| Interest Income including Late Payment Surcharge | 301.71 329.94 |
292.68 743.63 |
||
| NET CASH FLOW FROM/USED IN INVESTING ACTIVITIES (B) | (4872.34) | (1605.14) | ||
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||||
| Dividend Paid | (1667.48) 3516.39 |
(1577.07) | ||
| Proceeds from Long Term Borrowings Proceeds from Short Term Borrowings |
597.87 | 2315.31 11.72 |
||
| Repayment of Borrowings | (1398.18) | (2116.14) | ||
| Interest & Finance Charges | (1521.05) | (1413.93) | ||
| Principal Repayment of Lease Liability | (2.69) | (3.86) | ||
| Interest paid on Lease Liability | (1.11) | (1.10) | ||
| NET CASH FLOW FROM/USED IN FINANCING ACTIVITIES (C) | (476.24) | (2785.07) | ||
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS $D. (A+B+C)$ |
792.21 | 136.70 | ||
| Cash and Cash Equivalents at the beginning of the year Cash and Cash Equivalents at the close of the year |
145.57 937.78 |
8.87 145.57 |
Sund
4
EXPLANATORY NOTES TO STATEMENT OF STANOALONE CASH FLOWS
Cash and Cash equivalents cons/Us o f Cash In hand, cheques/drafts In hands and Bank Balances including Short Term Deposits with original maturity of less than t hree months. Th e
| details of Cash and Cash equivalents is as under. | ||
|---|---|---|
| As at 31st March 2022 | (~ in crore) As at 31st March. 2011 |
|
| Balances with Banks | ||
| With scheduled Banks: | ||
| · In Current Account | 937.78 | 145.56 |
| - In Deposits Account | ||
| (Deposits w1th original maturity of less than three months) | ||
| Cash on Hand | 0.00 | 0.01 |
| Cash and Cash equivalents | 937.78 | 145.57 |
Int erest and fmance cha1ges in Cash Flow from Financing Activities includes borrowing cost of ' 993.62 Crore (Pr evious year ' 840.S3 Cror e) capitalisP.d during t he period on account of Ekpenditure attribut able to construction (EAC).
Amount of undrawn loan as on 31.03.2022 : ' 1425.00 Crore (Previous Year' 47S.OO Crore).
Company ha\$ incurred '\ 94.96 Crore in cash on accoun t of Corporate Social Responsibility (CSR) ex penditure during the year ended 31 .03.2022 (Prevlo•JS Year ' 76.66 Crore).
Net Debt Reconciliation :
| Net Debt Reconciliation : | ~ | (~ in crore) |
|---|---|---|
| !!.:QHj@ | ||
| Borrowings (Current & Non-Current) | 26651.47 | 24010.85 |
| lease liability | 15.14 | 12.65 |
| Total | 26666.61 | 24023.50 |
| For the year ended 31st March,2022 | ear ended 31st March,2021 For the |
|||||||
|---|---|---|---|---|---|---|---|---|
| Particulars | Bonowings (Current & Non· lease liability Current) |
Total | Borrowings (Curre nt & Non-Current) |
Lease liability | Total | |||
| Opening Net Debt as on 1st April | 24010.8S | 12.6S | 24,023.SO | 23,853.01 | 13.91 | 23866.92 | ||
| Proceeds from Borrowings | 4114.26 | 4,114.26 | 2,3 27.03 | 0 .00 | 2327.03 | |||
| Repayment of Borrowings/lease liability | (1398.18) | (2.69) | (1400.87) | (2116.14) | (3.86) | (2120.00 | ||
| Inte rest paid | (1521.05) | (1.11) | (1S22.16) | (1413.93) | (1.10) | (141S.03) | ||
| Othe r Non-Cash Movements: | ||||||||
| -Increase in Lease Liability | 5.18 | S.18 | 2.60 | 2.60 | ||||
| -Foreign exchange adjustments | (58.77) | (58.77) | (49.71) | (49.71) | ||||
| -Interest and Finance Charges | 1497.62 | 1.11 | 1,498.73 | 1,432.68 | 1.10 | 1433.78 | ||
| -Fair value adjustments | 6.74 | 6.74 | (22.09) | 0.00 | (22.09 | |||
| Closing Net Debt as on 31st March | 26,6Sl.47 | 1S.14 | 26,666.61 | l4,010.8S | 12.6S | 24,023.SO |
6 The above Statement of Cash Flows is nreparr.d in accordance with the Indirect method prescribed in lnd AS 7- "Statement of Cash Flow'i".
Figures for the previous periods have been regrouped/restated whereve r necessary.
- Notes: 1 The above results including statement of assets and liabilities and statement of cash flows as given in Annexure I and II respectively have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in the respective meetings held on 25th May, 2022 and are based on the Financial Statements audited by Joint Statutory Auditors of the Company.
- 2 In view of the seasonal nature of business, the financial results of the Company vary from quarter to quarter.
- 3 Electricity generation is the principal business activity of the Company. Other operations viz., Power Trading, Contracts, Project Management and Consultancy works do not form a reportable segment as per lnd AS 108- 'Operating Segments' . The company has a single geographical segment as all its power stations are located within the country.
- 4 In line with the directions of the Ministry of Power dated May 15 & 16, 2020, the company had given a one-time rebate of Rs 185 crore to DISCOMs and Power Departments of States/ Union territories for passing on to ultimate consumers on account of COVID-19 pandemic in Quarter 1 of FY 2020-21 and disclosed the same as an "Exceptional item" in the Statement of Financial Results.
- 5 Based on review of future projections including future capital expenditure for capacity enhancement during the year ended 31st March, 2022, the Company has recognised Minimum Alternate Tax (MAT) credit available in future amounting toRs. 1478.62 crore (corresponding previous year: Nil) as the same is likely to provide economic benefits by way of set-off against future income tax liability. Out of the above, an amount of Rs. 1313.27 crore (corresponding previous year : Nil) is to be passed on to the beneficiaries and the same has accordingly been recognised as 'Movement in Regulatory Deferral Account Balances'.
- 6 During the year ended on 31 .03.2022, retrospective reclassifications/restatements have been carried out in respect of certain items in the financial statements of previous periods. Accordingly, to comply with the requirements of the applicable Indian Accounting Standards, the company has presented a 3rd Balance Sheet as at the begnining of the preceding period. i.e. as on 01.04.2020. Major restatements/reclassifications are explained as under:-
- (i) In FY 2020-21 , Borrowing and other costs incurred for construction projects during the 1st COVID lockdown period was presented as Regulatory Deferral Account (Debit) balances. Keeping in view an opinion obtained during financial year 2021-22 from the Expert Advisory Committee of the Institute of Chartered Accountants of India, the abovesaid costs amounting toRs. 99.06 Crore as on 31.03.2021 have been reclassified as Capital Work in progress.
- (ii) Management has reassessed the recoverability and derecognized part of the Regulatory Deferral Account (Debit) balance in respect of additional expenditure on 3rd Pay Revision of Central Public Sector Enterprises amounting to Rs. 61.32 crore based on Management assessment in the Books of Accounts w.e.f. 01.04.2020.
- (iii) Certain Presentation changes have been carried out in previous year figures consequent upon the amendments in Schedule-Ill of the Companies Act, 2013 notified by the Ministry of Corporate Affairs, vide notification dated 24th March, 2021. These adjustments do not have any impact on the Statement of Profit and Loss.
- 7 During the quarter and year ended 31st March 2022, the Company has recognised 'Other Income' on account of Business Interruption loss from Insurance Company amounting toRs. 161.86 Crore (Previous quarter and year ended Rs. NIL) in respect of one of the power stations.
- 8 The Board of Directors of the Company in its meeting held on December 7, 2021 has approved the merger/amalgamation of Lanco Teesta Hydro Power Limited (a wholly owned subsidiary of NHPC Limited) with NHPC Limited under Section 230-232 of the Companies Act, 2013 and other statutory provisions as per the terms and conditions mentioned in the Scheme of Amalgamation (Scheme). The Scheme will be filed with the relevant regulatory authorities including Ministry of Corporate Affairs or any other appropriate authority for their approval/ sanction.
- 9 The Board of Directors of the Company in its meeting held on September 24, 2021 has approved the proposal to initiate the process of merger of Jalpower Corporation Limited (a wholly owned subsidiary of NHPC Limited) with NHPC Limited as per applicable provisions of the Companies Act, 2013 subject to approval of Government of India.
- 10 During the year, the Company has acquired the equity of PTC India Limited (one of the promoters) in Chenab Valley Power Projects Private Limited (CVPPPL) for an amount of Rs 4.19 crore. The company's shareholding in CVPPPL due to acquisition of shares and additional equity infusion is 55.1 3% as on 31st March, 2022. However, pending modifications in the Promoter's Agreement and completion of other requisite formalities, CVPPPL has been accounted for as a Joint Venture owing to control being exercised jointly with the other joint venturers pursuant to the Joint Venture agreement currently in force.
- 11 All Non-Convertible Debt Securities of the Company are secured by way of pari-passu charge over certain immovable and movable assets of the Company. The available asset coverage complies the requirement of terms of various issues/ offer documents and/or Debenture Trust Deed and is sufficient to discharge the principal and interest for the said debt securities.
- 12 During the quarter, the company has paid an interim dividend @13.10% of the face value of Rs. 10 per share (Rs. 1.31 per equity share) for the financial year 2021-22. The Board of Directors has recommended final dividend@ 5.00% of the face value of Rs. 10 per share (Rs. 0.50 per equity share) for the financial year 2021 -22. Total dividend (including interim dividend) is @ 18.10% of the face value of Rs. 10/- per share i.e. Rs. 1.81 per equity share for the year.
- 13 The total incremental borrowings by the Company in the financial year 2021 -22 was Rs. 2500 crore. In terms of SEBI circular No. SEBIIHO/DDHS/CIR/P/2018/144 dated November 26, 201 8, the Company was required to borrow at least Rs. 625 crore through issue of debt securities, whereas it has borrowed Rs. Nil through this mode. The disclosures (enclosed as Appendix A) in compliance with above circular as required in this respect from large Corporate borrower have already been filed to Stock Exchanges where Company's shares are listed.
- 14 The audited accounts for the year ended 31st March , 2022 are subject to review by the Comptroller and Auditor General of India under section 143 (6) of the Companies Act, 2013.
- 15 Figures for the quarter ended 31 st March, 2022 and 31st March, 2021 are the balancing figures between the audited figures in respect of full financial year and the published year-to-date figures upto the 3rd quarter of the relevant Financial Year, post restatements/reclassifications as detailed at sl. no. 6 above.
- 16 Figures for the previous periods have been regrouped/restated wherever necessary.
~'J..f tf./Ref. No. NH/CS/1 99
tPrt!iftlt~ faflres ('frm ~ "" \fUll)
one : 0129-2278018 ~-;:rtcp/Date : 28.04.2022
| Manager | General Manager | |||||
|---|---|---|---|---|---|---|
| The Listing Department. | The Listing Department | |||||
| M/s BSE Limited, | M/s National Stock Exchange of India Limited, | |||||
| Phiroze Jeejeebhoy Towers. Dalal Street, | Exchange Plaza, Bandra Kurla Complex, |
|||||
| Mumbai-400001 | Bandra(E), Mumbai- 400051 | |||||
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| t- 400 001 | 1 - 400 051 lj |
|||||
| ------ Scrip Code: 533098 |
Scrip Code: NHPC | |||||
| - I SIN No. INE848E01 016 |
Sub : Disclosure under clause 4.1 of SEBI circular dated 26.11 .2018 as a Large Corporate Borrower
~:mflt~26.11 .2 018 t~ t lfi 4.1 t~~~~~ t~~SICfiilCfi(O f
Si s/~.
In compliance to clause 4.1 of SEBI Circular no. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, please find attached herewith Initial Disclosure of NHPC Limited as a Large Corporate Borrower for FY 2022-23 and Annual Disclosure of NHPC Limited as a Large Corporate Borrower for FY 2021-22. The disclosures are in the format provided at Annexure A and Annexure B2 of the above-mentioned SEBI circular.
This is for your information and record.
ir-fr 'Tf~ T SEBI/HO/DDHS/CIR/P/2018/144 f'8rr. 26 ;-l•.p::;;p-, 2018 : 'TI" 1\ 1 T. ~r:r;T it T'l'-lT Rt~ ;;pi- 2022-23 T. R-rr n:r. ]- rn ~'1>JTT'Vlt T. F.lf it tr7j'f~f1fr Rrfi'l ~f TT ~r Gn. Tr.[T-r.T'JT ·~ ' f..r-:r <fli' 2021-22 T. f..rrr n:r. ;fr ~ '1~ T. '8T it 11rfT~::pfpfr Rfi'R~ T. ,l m-:r. 'T-f.'[r:r,nrr rf;nr 1 .TPrr:71 \H~<"" '' f3'1'!-t· irrfr 'TfPT~ T. ~7fP.IT. TT ~, ~ fr2 li ~ <rrr 'JTT.'f iT I
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1·'' :1 'f·l' l' ~·11FI•H • '~·r
एन एच पी सी लिमिटेड
JFJF C Lirreitte di (Formerly National Hydroelectric Power Corporation Ltd.) ISO-9001 & 14001 Certified Company Phone No 0129-2270603/Fax no 0129-2270902 Email: [email protected] CIN No. - L40101HR1975GOI032564
Annexure A
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate
(To be submitted to the Stock Exchange(s) within 30 days from the beginning of FY 23)
| SI.No. | Particulars | Details |
|---|---|---|
| Name of the company | NHPC Limited | |
| CIN | L40101HR1975GOI032564 | |
| Outstanding borrowing of company as on 31 st March 2022 (in Rs cr) |
24266.31 | |
| Highest Credit Rating During the previous FY along with name of the Credit Rating Agency |
AAA by India Rating, CARE, and ICRA. |
|
| Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the framework. |
NSE Ltd. |
We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.
Rupa Deb
(Company Secretary) Tel: +91129 2278018 E-mail: [email protected],
Trached 12 Tell mon
R. P. Goyal (Director-Finance) Tel: +91129 2278021 [email protected]
$#$ - In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Registered Office: NHPC Office Complex, Sector -33, Faridabad -121003 (Haryana)
एन एव पी सी विभिटेड
Formerly National Hydroelectric Power Corporation Ltd.) ISO-9001 & 14001 Certified Company Phone No 0129-2270603/Fax no 0129-2270902 Email: [email protected] CIN No. - L40101HR1975GOI032564
Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a LC\$ (To be submitted to the Stock Exchange(s) within 45 days of the end of the FY 22) (Applicable from FY 2022)
| 1. Name of the Company | NHPC Limited |
|---|---|
| 2. CIN | L40101HR1975GOI032564 |
| 3. Report filed for FY | 2022 |
- Details of the borrowings (all figures in Rs crore):
| SI.No | Particulars | Detail |
|---|---|---|
| (i) | 2-year block period (Specify financial years) | $T:2021-22,$ $T+1:2022-23$ |
| (ii) | Incremental borrowing done in FY (T) (a) |
2500.00 |
| (iii) | Mandatory borrowing to be done through issuance of debt securities in FY(T) $(b) = (25% \text{ of } a)$ |
625.00 |
| (iv) | Actual borrowings done through debt securities in FY (T) (c) |
0.00 |
| (v) | Shortfall in the mandatory borrowing through debt securities, if any, for FY (T-1) carried forward to FY (T). (d) |
0.00 |
| (vi) | Quantum of (d), which has been met from (c) (e) | 0.00 |
| (vii) | Short fall, if any, in mandatory borrowings through debt securities for $FY(T)$ {after adjusting for any shortfall in borrowing for FY(T-1) which was carried forward to FY (T)} $(f)=(b) - [(c)-(e)]#$ {If the calculated value is Zero or negative, write "nil"} |
625.00 |
had
$4\lambda$
Registered Office: NHPC Office Complex, Sector -33, Faridabad -121003 (Haryana)
एन एव पी सी लिमिटेड
A CONTRACT A FRIDE THE EXECUT
(Formerly National Hydroclectric Power Corporation Ltd.)
ISO-9001 & 14001 Certified Company Phone No 0129-2270603/Fax no 0129-2270902 Email: [email protected] CIN No. - L40101HR1975GOI032564
- Details of penalty to be paid, if any, in respect to previous block (all figures in Rs. Crore):
| S. No. | Particulars | Details |
|---|---|---|
| 2-years Block period (specify financial years) | $T-1:2020-$ 21, T: 2021-22 |
|
| Amount of fine to be paid for the block, if applicable Fine=0.2% of ${(d)-(e)}#$ |
0.00 |
Rupa Deb (Company Secretary) Tel: +91129 2278018 E-mail: [email protected],
R. P. Goyal27 $|$ old $|$ $|$ 22 (Director-Finance) Tel: +91129 2278021 [email protected]
Date- $27 - 04 - 2022$
\$- In cases, where an entity is not categorised as LC for FY (T), however was LC for FY (T-1), and there was a shortfall in the mandatory bond borrowing for FY (T-I), which was carried forward to FY (T), the disclosures as prescribed in this annexure shall be made by the entity for FY (T).
(d) and (e) are same as mentioned at $4(v)$ and $4(vi)$ of this annexure.
Registered Office: NHPC Office Complex, Sector -33, Faridabad -121003 (Haryana)
NHPC LIMITED (A Government of India Enterprise)
CIN: L40101HR1975GO1032564
SECTOR-33, FARIDABAD, HARYANA - 121 003
STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2022
| (Rs. in crore) | ||||||
|---|---|---|---|---|---|---|
| Quarter Ended | Year Ended | |||||
| 31.03.2022 | 31.12.2021 | 31.03.2021 | 31.03.2022 | 31.03.2021 | ||
| S.No | PARTICULARS | Audited (Refer Note 15) |
Unaudited | Audited (Refer Note 15) |
Audited | Audited |
| $\mathbf{1}$ | Income (a) Revenue from Operations |
1,674.31 | 2,156.72 | 1,609.17 | 9,188.78 | 9,647.89 |
| (b) Other Income | 352.31 | 217.00 | 490.95 | 964.06 | 1,062.97 | |
| Total Income (a+b) | 2,026.62 | 2,373.72 | 2,100.12 | 10,152.84 | 10,710.86 | |
| $\overline{2}$ | Expenses | |||||
| (a) Purchase of Power - Trading | 44.58 | 212.37 | ||||
| (b) Generation Expenses (c) Employee Benefits Expense |
135.05 511.51 |
129.67 353.76 |
132.24 362.20 |
844.12 1,554.76 |
857.55 1,520.28 |
|
| (d) Finance Costs | 133.53 | 130.45 | 137.23 | 532.28 | 572.00 | |
| (e) Depreciation and Amortization Expense | 296.31 | 302.54 | 244.63 | 1,190.30 | 1,292.46 | |
| (f) Other Expenses Total Expenses (a+b+c+d+e+f) |
507.56 | 342.86 | 539.43 | 1,557.97 | 1,683.14 | |
| 3 | Profit before Exceptional Items, Regulatory Deferral Account | 1,583.96 | 1,259.28 | 1,415.73 | 5,724.01 | 6,137.80 |
| Balances, Tax and Share of profit of Joint Ventures accounted for using the Equity Method (1-2) |
442.66 | 1,114.44 | 684.39 | 4,428.83 | 4,573.06 | |
| $\overline{4}$ | Share of net profit from joint ventures accounted for using equity method |
0.26 | 1.37 | (7.29) | (1.39) | (5.49) |
| 5 | Profit before Exceptional items, Regulatory Deferral Account Balances and Tax (3+4) |
442.92 | 1,115.81 | 677.10 | 4,427.44 | 4,567.57 |
| 6 $\overline{7}$ |
Exceptional items (Refer Note 5) Profit before Tax and Regulatory Deferral Account Balances (5-6) |
185.00 | ||||
| 8 | 442.92 | 1,115.81 | 677.10 | 4,427.44 | 4,382.57 | |
| Tax Expenses a) Current Tax |
124.56 | 237.29 | 159.26 | 915.69 | 919.75 | |
| b) Deferred Tax (Refer Note 6) | (87.76) | (1, 420.58) | 394.25 | (1, 472.67) | (24.89) | |
| 9 | Total Tax Expense (a+b) Profit for the period before movement in Regulatory Deferral |
36.80 | (1, 183.29) | 553.51 | (556.98) | 894.86 |
| Account Balances (7-8) | 406.12 | 2,299.10 | 123.59 | 4,984.42 | 3,487.71 | |
| 10 | Movement in Regulatory Deferral Account Balances (Net of Tax) (Refer Note 6) |
109.78 | (1, 410.34) | 358.76 | (1,210.09) | 112.17 |
| 11 12 |
Profit for the period $(9+10)$ Other Comprehensive Income |
515.90 | 888.76 | 482.35 | 3,774.33 | 3,599.88 |
| (i) Items that will not be reclassified to profit or loss (Net of Tax) (a) Remeasurement of the post employment defined benefit obligations |
3.67 | 1.54 | 66.13 | 8.28 | (40.08) | |
| Less:- Movement in Regulatory Deferral Account Balances in respect of tax on defined benefit obligations |
3.22 | (2.10) | (6.32) | (3.07) | 2.75 | |
| -Movement in Regulatory Deferral Account Balances-Remeasurement of post employment defined benefit obligations |
2.33 | 2.33 | $\overline{\phantom{a}}$ | |||
| Sub total (a) | 0.45 | 5.97 | 72.45 | 13.68 | (42.83) | |
| (b) Investment in Equity Instruments | (32.04) | (8.28) | 22.86 | 5.40 | 47.13 | |
| Sub total (b) Total $(i)=(a)+(b)$ |
(32.04) (31.59) |
(8.28) (2.31) |
22.86 95.31 |
5.40 19.08 |
47.13 4.30 |
|
| (ii) Items that will be reclassified to profit or loss (Net of Tax) - Investment in Debt Instruments |
(3.98) | (3.66) | (7.60) | (8.22) | 3.23 | |
| Total (ii) | (3.98) | (3.66) | (7.60) | (8.22) | 3.23 | |
| Other Comprehensive Income (i+ii) | (35.57) | (5.97) | 87.71 | 10.86 | 7.53 | |
| 13 | Total Comprehensive Income for the period (10+11) | 480.33 | 882.79 | 570.06 | 3,785.19 | 3,607.41 |
| 14 | Net Profit attributable to | |||||
| a) Owners of the Parent company b) Non-controlling interest |
467.15 48.75 |
813.21 75.55 |
442.33 40.02 |
3,523.57 250.76 |
3,271.78 328.10 |
|
| 15 | Other comprehensive income attributable to | |||||
| a) Owners of the Parent company | (34.52) | (6.01) | 86.86 | 11.79 | 7.37 | |
| b) Non-controlling interest | (1.05) | 0.04 | 0.85 | (0.93) | 0.16 | |
| 16 | Total comprehensive income attributable to a) Owners of the Parent company |
432.63 | 807.20 | 529.19 | 3,535.36 | 3,279.15 |
| b) Non-controlling interest | 47.70 | 75.59 | 40.87 | 249.83 | 328.26 | |
| 17 | Paid-up equity share capital (of Face Value ₹ 10/- per share) | 10,045.03 | 10,045.03 | 10,045.03 | 10,045.03 | 10,045.03 |
| 18 | Reserves excluding Revaluation Reserves | 24,875.95 | 25,845.26 | 23,008.27 | 24,875.95 | 23,008.27 |
| 19 20 |
Net worth Paid-up debt capital (Comprises Long term debts and Lease Liabilities |
34,920.98 | 35,890.29 | 33,053.30 | 34,920.98 | 33,053.30 |
| including current maturities thereof, Short term Borrowings and Payable towards Bonds fully serviced by Government of India.) |
28,113.15 | 25,552.05 | 25,382.44 | 28,113.15 | 25,382.44 | |
| 21 | Capital redemption reserve | 2,255.71 | 2,255.71 | 2,255.71 | 2,255.71 | 2,255.71 |
| 22 23 |
Debenture (Bond) redemption reserve Earning per share (Basic and Diluted) |
1,366.25 | 1,641.95 | 1,641.95 | 1,366.25 | 1,641.95 |
| (Equity shares, face value of ₹ 10/- each) |
| - 13eforc movements in Regulatory Deferral Account 13alances (in ~) - · (not annualised) |
0.36 | 2.2 1 | 0.08 | 4. 71 | 3.15 |
|---|---|---|---|---|---|
| - After movements in Regulato1y DciCITal Account 13alanccs (in ) (not annualised) |
0.47 | 0.8 1 | 0.44 | 3.51 | 3.26 |
| 24 Debt equity ratio | 0.81 | 0.7 1 | 0.77 | 0. 81 | 0.77 |
| 25 Debt service coverage ratio (DSCR) [Profit aft er tax but before Interest | |||||
| and Depreciation]I[Principal repayment, excluding payment under put option+lntercst] • |
1.82 | 4.13 | 1.64 | 3.84 | 3.29 |
| 26 Interest service coverage ratio (ISCR) [Profit aller tax but before Interest and Depreciation]l lnterest. • |
5. 14 | 7.42 | 4.59 | 7.6 1 | 7.16 |
| 27 Current Ratio (Current Assets I CmTcnt liabilities) | 1.34 | 1.24 | 1.5 1 | 1.34 | 1.5 1 |
| 28 Long Tcnn Debt to working Capital ratio (Long tcnn bon·owings including cnrrcnt maturity of long tenn bOITOwing I {working capital excluding current maturities of long tcnn borrowings} ) |
7.11 | 7.33 | 5.38 | 7.11 | 5.38 |
| 29 13ad Debts to Account Receivable Ratio (13ad debts I Average Trade receivables) |
0.01 | 0.0 1 | 0.0 1 | 0.0 1 | 0.0 1 |
| 30 Current Liability Ratio (Current liabilities I Total liabilities) | 0. 16 | 0. 19 | 0. 15 | 0.16 | 0. 15 |
| 3 1 Total Debts to Total Assets (Paid up debt capital I Total assets) | 0.36 | 0.33 | 0.35 | 0.36 | 0.35 |
| 32 Debtors Tumover (Revenue from operations I Average trade receivables) - Annualiscd |
1.22 | 1.46 | 1.07 | 1.77 | 1.70 |
| 33 lnvent01y Turnover ratio (Revenue from operations I Average inventory) - Annualiscd |
44.80 | 56.78 | 44.72 | 64. 10 | 69.69 |
| 34 Operating Margin (%) (Operating profit I Revenue from operations) | 16.45 | 44.53 | 23.59 | 44.39 | 44.34 |
| 35 Net Profit Margin(%) (Profit for the period I Revenue from operations) | 30.81 | 41 .2 1 | 29.98 | 4 1.08 | 37.31 |
| For the calculation of ISCR and DSCR, amount of interest and Principal repayments against the borrowings of the operational projects have been considered . |
Statement of Consolidated Assets and Liabilities and Statement of Consolidated Cash Flows are attached as Annexure-! and Annexure-II respectively.
| STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES | (Rs. in crore) | ||
|---|---|---|---|
| PARTICULARS | As at 31st March, 2022 (Audited) |
As at 31st March , 2021 (Audited) |
As at 1st April, 2020 (Audited) |
| ASSETS | |||
| (1) NON-CURRENT ASSETS | |||
| a) Property, Plant and Equipment | 19,191.08 | 19,338.23 | 21,635.76 |
| b) Capital Work In Progress | 22,521.90 | 19,166.79 | 17,180.41 |
| c) Right Of Use Assets | 2,626.25 | 2,647.01 | 2,766.31 |
| d) Investment Property e) Intangible Assets |
4.49 | 4.49 | 4.49 |
| f) Intangible Assets under development | 3.28 | 3.52 | 0.72 |
| g) Investments accounted for using the equity method | 0.51 1,876.16 |
0.17 1,326.89 |
933.53 |
| h) Financial Assets | |||
| i) Investments | 510.34 | 515.35 | 464.13 |
| ii) Loans | 1,044.10 | 944.16 | 796.26 |
| iii) Others | 9,389.28 | 8,983.32 | 7,598.72 |
| i) Non Current Tax Assets (Net) | 20.39 | 9.92 | 153.29 |
| j) Other Non Current Assets | 4,001.84 | 3,593.70 | 3,049.20 |
| TOTAL NON CURRENT ASSETS | 61,189.62 | 56,533.55 | 54,582.82 |
| (2) CURRENT ASSETS | |||
| a) Inventories | 140.44 | 133.69 | 126.62 |
| b) Financial Assets | |||
| i) Trade Receivables | 5,175.84 | 5,133.42 | 6,172.63 |
| ii) Cash and Cash Equivalents | 1,314.67 | 447.27 | 42.17 |
| iii) Bank balances other than Cash and Cash Equivalents | 643.68 | 1,809.55 | 1,651.10 |
| iv) Loans v) Others |
61.04 | 52.51 | 51.01 |
| c) Current Tax Assets (Net) | 901.66 145.79 |
1,238.37 188.32 |
946.93 175.11 |
| d) Other Current Assets | 463.03 | 386.76 | 397.01 |
| TOTAL CURRENT ASSETS | 8,846.15 | 9,389.89 | 9,562.58 |
| (3) Regulatory Deferral Account Debit Balances | 7,248.73 | 7,203.55 | 7,075.53 |
| TOTAL ASSETS | 77,284.50 | 73,126.99 | 71,220.93 |
| As at 31st | As at 31st | As at 1st April, | |
| PARTICULARS | March, 2022 (Audited) |
March , 2021 (Audited) |
2020 (Audited) |
| EQUITY AND LIABILITIES $(1)$ EQUITY |
|||
| a) Equity Share Capital | 10,045.03 | 10,045.03 | 10,045.03 |
| b) Other Equity | 24,875.95 | 23,008.27 | 21,284.12 |
| Total Equity attributable to owners of the Company | 34,920.98 | 33,053.30 | 31,329.15 |
| (c) Non-controlling interests | 2,862.87 | 2,835.32 | 2,777.71 |
| Total Equity | 37,783.85 | 35,888.62 | 34,106.86 |
| TOTAL EQUITY | |||
| (2) LIABILITIES | |||
| NON-CURRENT LIABILITIES | |||
| a) Financial Liabilities | |||
| i) Borrowings | 23,226.61 | 21,230.99 | 20,878.66 |
| ia) Lease Liabilities | 17.46 | 12.28 | 13.14 |
| ii) Other financial liabilities | 2,098.97 | 2,055.25 | 2,060.29 |
| b) Provisions C) Deferred Tax Liabilities (Net) (Refer Note 6) |
54.29 | 29.69 | 55.56 |
| d) Other non-current Liabilities | 2,442.44 | 3,845.88 | 3,859.22 |
| TOTAL NON CURRENT LIABILITIES | 3,037.85 30,877.62 |
3,097.47 | 3,199.47 |
| (3) CURRENT LIABILITIES | 30,271.56 | 30,066.34 | |
| a) Financial Liabilities | |||
| i) Borrowings | 2,848.76 | 2,119.14 | 2,331.26 |
| ia) Lease Liabilities ii) Trade Payables |
3.12 | 2.83 | 3.34 |
| 30.37 | 36.04 | 19.10 | |
| Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of Creditors other than micro enterprises |
|||
| and small enterprises | 183.74 | 173.82 | 297.56 |
| iii) Other financial liabilities | 1,577.12 | 1,580.87 | |
| b) Other Current Liabilities | 607.90 | 681.70 | |
| C) Provisions | 1,340.74 | 1,573.61 | |
| d) Current Tax Liabilities (Net) | 14.56 | 35.02 | 1,303.17 902.44 1,442.94 |
| TOTAL CURRENT LIABILITIES | 6,606.31 | 6,203.03 | 6,299.81 |
| (4) Regulatory Deferral Account Credit Balances (Refer Note 6) TOTAL EQUITY AND LIABILITIES |
2,016.72 77,284.50 |
763.78 73,126.99 |
747.92 71,220.93 |
Annevure.I
NHPC LIMITED (A Government of India Enterprise)
CIN: L40101HR1975GOI032564
ANNEXURE - II
STATEMENT OF CONSOLIDATED CASH FLOWS FOR THE YEAR ENDED 31st MARCH, 2022
| (3 in) | ||
|---|---|---|
| For the Year ended | For the Year ended | ||||
|---|---|---|---|---|---|
| 31st March, 2022 | 31st March, 2021 | ||||
| A. CASH FLOW FROM OPERATING ACTIVITIES | |||||
| Profit before tax for the year including movements in Regulatory | 3,217.35 | 4,494.75 | |||
| Deferral Account Balance | |||||
| Less: Movement in Regulatory Deferral Account Balances | (1, 210.09) | 112.17 | |||
| Profit before Tax | 4,427.44 | 4,382.58 | |||
| ADD: | |||||
| Depreciation and Ammortisation | 1,190.30 | 1,292.45 | |||
| Finance Costs (Net of EAC) | 532.33 | 571.99 | |||
| Provisions (Net) | 42.58 | 285.22 | |||
| Tariff Adjustment (loss) | 94.37 | 58.37 | |||
| Sales adjustment of account of Exchange Rate Variation | 44.02 | 50.03 | |||
| Loss (Profit) on sale of assets/Claims written off | 13.88 | 9.06 | |||
| 1,917.48 | 2,267.12 | ||||
| 6,344.92 | 6,649.70 | ||||
| LESS: | |||||
| Advance against Depreciation written back | 52.60 | 52.73 | |||
| Provisions (Net gain) | 45.57 | 21.82 | |||
| Dividend Income | 9.00 | 9.00 | |||
| Interest Income including Late Payment Surcharge | 528.82 | 804.28 | |||
| Exchange rate variation (Gain) | 49.28 | 34.21 | |||
| Other Adjustments | 13.03 | (1.00) | |||
| Fair Value Adjustments | 1.34 | (0.40) | |||
| Amortisation of Government Grants | 97.26 | 96.04 | |||
| Share of Net Profit /(Loss) of Joint Ventures (accounted for using the | (1.39) | (5.49) | |||
| equity method) | |||||
| 795.51 | 1,011.19 | ||||
| Cash flow from Operating Activities before Operating Assets and | 5,549.41 | 5,638.51 | |||
| Liabilities adjustments | |||||
| Changes in Operating Assets and Liabilities: | |||||
| Inventories | (6.88) | (7.16) | |||
| Trade Receivables | (42.41) | 1,812.71 | |||
| Other Financial Assets, Loans and Advances | 908.15 | (1, 533.05) | |||
| Other Financial Liabilities and Provisions | (413.10) | (113.11) | |||
| Regulatory Deferral Account Credit Balances | 1,313.27 | ||||
| 1,759.03 | 159.39 | ||||
| Cash flow from operating activities before taxes | 7,308.44 | 5,797.90 | |||
| Less : Taxes Paid | 836.65 | 728.11 | |||
| NET CASH FROM OPERATING ACTIVITIES (A) | 6,471.79 | 5,069.79 | |||
| B. CASH FLOW FROM INVESTING ACTIVITIES | |||||
| Purcase of Property, Plant and Equipment, Other Intangible Assets & | (5,014.48) | (2,058.26) | |||
| Expenditure on construction projects (including expenditure attributable | |||||
| to construction forming part of Capital Work in Progress for the year) - | |||||
| Net of Grant | |||||
| Sale of Assets | 2.78 | 0.25 | |||
| Realization/ (Payments) for Investments / Bonds / Bank Deposits | 17.91 | 80.19 | |||
| Investment in Joint Venture (Including Share Application Money Pending | |||||
| Allotment) | (451.56) | (500.00) | |||
| Proceeds from Sale of Investments | (0.28) | ||||
| Dividend Income | 9.00 | 9.00 | |||
| Interest Income including Late Payment Surcharge | 470.32 | 861.96 | |||
| NET CASH FLOW FROM/USED IN INVESTING ACTIVITIES (B) | (4,966.03) | (1,607.14) | |||
| C. CASH FLOW FROM FINANCING ACTIVITIES | |||||
| Equity proceeds from Non-Controlling Interest | 59.38 | ||||
| Dividend Paid (including Non-Controlling Interests) | (1, 947.84) | (1,848.80) | |||
| Proceeds from Long Term Borrowings | 3,576.39 | 2,315.31 | |||
| Proceeds from Short Term Borrowings | 597.87 | 11.72 | |||
| Repayment of Borrowings | (1, 398.18) | (2, 116.14) | |||
| Interest and Finance Charges | (1, 521.02) | (1, 413.92) | |||
| Principal Repayment of Lease Liability | (3.48) | (4.37) | |||
| Interest paid on Lease Liability | (1.46) | (1.35) | |||
| NET CASH FLOW FROM/USED IN FINANCING ACTIVITIES (C) | (638.36) | (3,057.55) | |||
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C) | 867.40 | 405.10 | |||
| D. | |||||
| 42.17 | |||||
| Cash and Cash Equivalents (Opening balance) Cash and Cash Equivalents (Closing balance) |
447.27 1,314.67 |
447.27 | |||
Ind
EXPLANATORY NOTES TO STATEMENT OF CONSOLIDATED CASH FLOWS
1 Cash and Cash equivalents consists of Cash in hand, cheques/drafts in hands and Bank Balances including Short Term Deposits with original maturity of less than three months. The details of Cash and Cash equivalents is as under:
| As at 31st March, 2022 | (₹ in crore) As at 31st March, 2021 |
|
|---|---|---|
| With scheduled Banks: | ||
| - In Current Account | 1009.82 | 231.31 |
| - In Deposits Account (Deposits with original maturity of less than three months) |
304.85 | 215.95 |
| Cash on Hand | 0.00 | 0.01 |
| Cash and Cash equivalents | 1314.67 | 447.27 |
2 Interest and finance charges in Cash Flow from Financing Activities includes borrowing cost of ₹ 993.62 Crore (Previous year ₹ 840.53 Crore) capitalised during the period on account of Expenditure attributable to construction (EAC).
3 Amount of undrawn loan as on 31.03.2022 : ₹1578.25 Crore (Previous Year ₹475.00 Crore).
4 Company has incurred ₹ 111.17 Crore in cash on account of Corporate Social Responsibility (CSR) expenditure during the year ended 31.03.2022 (Previous Year ₹95.99 Crore).
5 Net Debt Reconciliation:
$\rightarrow$
| $(3 \infty)$ | ||
|---|---|---|
| 31-03-2022 | 31-03-2021 | |
| Borrowings (Current & Non-Current) | 26711.66 | 24010.85 |
| Lease Liability | 20.59 | 15.10 |
| Total | 26732.25 | 24025.95 |
| For the year ended 31st March, 2022 | For the year ended 31st March, 2021 | |||||
|---|---|---|---|---|---|---|
| Particulars | Borrowings (Current & Non- Current) |
Lease Liability | Total | Borrowings (Current & Non- Current) |
Lease Liability | Total |
| Opening Net Debt as on 1st April | 24010.85 | 15.10 | 24,025.95 | 23,853.01 | 16.35 | 23869.36 |
| Proceeds from Borrowings | 4174.26 | 4,174.26 | 2,327.03 | 2327.03 | ||
| Repayment of Borrowings/Lease Liability | (1, 398.18) | (3.48) | (1,401.66) | (2, 116.14) | (4.36) | (2, 120.50) |
| Interest paid | (1, 521.02) | (1.46) | (1,522.48) | (1, 413.92) | (1.35) | (1, 415.27) |
| Other Non-Cash Movements : | ||||||
| -Increase in Lease Liability | 8.97 | 8.97 | 3.11 | 3.11 | ||
| -Foreign exchange adjustments | (58.77) | (58.77) | (49.71) | (49.71) | ||
| -Interest and Finance Charges | 1497.78 | 1.46 | 1,499.24 | 1,432.67 | 1.35 | 1,434.02 |
| -Fair value adjustments | 6.74 | 6.74 | (22.09) | (22.09) | ||
| Closing Net Debt as on 31st March | 26711.66 | 20.59 | 26,732.25 | 24,010.85 | 15.10 | 24.025.95 |
6 The above Statement of Cash Flows is prepared in accordance with the Indirect method prescribed in Ind AS 7 - "Statement of Cash Flows".
7 Figures for the previous periods have been regrouped/restated wherever necessary.
Noles: 1 The above consolidated results including statement of assets and liabilities and statement of cash flows as given in Annexure I and II respectively have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in the respective meetings held on 25th May, 2022 and are based on the Financial Statements aud1ted by Joint Statutory Auditors of the Company.
2 Subsidiary and Joint Venture Companies considered in the Consolidated Financial Results are as follows:-
a) Subsidiary Companies: NHDC Limited, Loktak Downstream Hydroelectric Corporation Limited, Bundelkhand Saur Urja Limited, Lanco Teesta Hydro Power Limited, Jal Power Corporation Limited and Raile Hydroelectric Power Corporation Limited.
b) Joint Venture Companies: Chenab Valley Power Projects Private Limited and National High Power Test Laboratory Private Limited.
- 3 In view of the seasonal nature of business, the financial results of the Group vary from quarter to quarter.
- 4 Electricity generation is the principal business activity of the Group. Other operations viz., Power Trading, Contracts, Project Management and Consultancy works do not form a reportable segment as per lnd AS 108- 'Operating Segments'. The Group has a single geographical segment as all its power stations are located within the country.
- 5 In line with the directions of the Ministry of Power dated May 15 & 16, 2020, the Parent Company had given a one-time rebate of Rs 185 crore to DISCOMs and Power Departments of States/ Union territories for passing on to ultimate consumers on account of COVID-19 pandemic in Quarter 1 of FY 2020-21 and disclosed the same as an "Exceptional item" in the Statement of Financial Results.
- 6 Based on review of future projections including future capital expenditure for capacity enhancement during the year ended 31st March, 2022, the Parent Company has recognised Minimum Alternate Tax (MAT) credit available in future amounting toRs. 1478.62 crore (corresponding previous year : Nil) as the same is likely to provide economic benefits by way of set-off against future income tax liability. Out of the above, an amount of Rs. 1313.27 crore (corresponding previous year : Nil) is to be passed on to the beneficiaries and the same has accordingly been recognised as 'Movement in Regulatory Deferral Account Balances'.
- 7 During the year ended on 31.03.2022, retrospective reclassifications/restatements have been carried out 1n respect of certa1n 1tems 1n the financial statements of previous periods. Accordingly, to comply with the requirements of the applicable Indian Accounting Standards, the Group has presented a 3rd Balance Sheet as at the begnining of the preceding period. i.e. as on 01 .04.2020. Major restatements/reclassifications are explained as under:-
- (i) In FY 2020-21, Borrowing and other costs incurred for construction projects during the 1st COVID lockdown period was presented as Regulatory Deferral Account (Debit) balances. Keeping in view an opinion obtained during financial year 2021 -22 from the Expert Advisory Committee of the Institute of Chartered Accountants of India, the abovesaid costs amounting toRs. 99.06 Crore as on 31.03.2021 have been reclassified as Capital Work in progress.
- (ii) Management has reassessed the recoverability and derecognized part of the Regulatory Deferral Account (Debit) balance in respect of additional expenditure on 3rd Pay Revision of Central Public Sector Enterprises amounting to Rs. 61.32 crore based on Management assessment in the Books of Accounts w.e.f. 01 .04.2020.
- (iii) Certain Presentation changes have been carried out in previous year figures consequent upon the amendments in Schedule-Ill of the Companies Act, 2013 notified by the Ministry of Corporate Affairs, vide notification dated 24th March, 2021 . These adjustments do not have any impact on the Statement of Profit and Loss.
- 8 During the quarter and year ended 31st March 2022, the Company has recognised 'Other Income' on account of Business Interruption loss from Insurance Company amounting to Rs. 161.86 Crore (Previous quarter and year ended Rs. NIL) in respect of one of the power stations.
- 9 The Board of Directors of the Parent Company in its meeting held on December 7, 2021 has approved the merger/amalgamation of Lanco Teesta Hydro Power Limited (a wholly owned subsidiary of NHPC Limited) with NHPC Limited under Section 230-232 of the Companies Act, 2013 and other statutory provisions as per the terms and conditions mentioned in the Scheme of Amalgamation (Scheme). The Scheme will be filed with the relevant regulatory authorities including Ministry of Corporate Affairs or any other appropriate authority for their approval/sanction.
- 10 The Board of Directors of the Parent Company in its meeting held on September 24, 2021 has approved the proposal to initiate the process of merger of Jalpower Corporation Limited (a wholly owned subsidiary of NHPC Limited) with NHPC Limited as per applicable provisions of the Companies Act, 2013 subject to approval of Government of India.
- 11 During the year, the Parent Company has acquired the equity of PTC India Limited (one of the promoters) in Chenab Valley Power Projects Private Limited (CVPPPL) for an amount of Rs 4.19 crore. The Parent Company's shareholding in CVPPPL due to acquisition of shares and additional equity infusion is 55.13% as on 31st March, 2022. However, pending modifications in the Promoter's Agreement and completion of other requisite formalities, CVPPPL has been accounted for as a Joint Venture owing to control being exercised jointly with the other joint venturers, pursuant to the Joint Venture agreement currently in force.
- 12 All Non-Convertible Debt Securities of the Parent Company are secured by way of pari-passu charge over certain immovable and movable assets of the Company. The available asset coverage complies the requirement of terms of various issues/offer documents and/or Debenture Trust Deed and is sufficient to discharge the principal and interest for the said debt securities.
- 13 During the quarter, the Parent Company has paid an interim dividend @13.10% of the face value of Rs. 10 per share (Rs. 1.31 per equity share) for the financial year 2021-22. The Board of Directors has recommended final dividend@ 5.00% of the face value of Rs. 10 per share (Rs. 0.50 per equity share) for the financial year 2021-22. Total dividend (including interim dividend) is@ 18.10% of the face value of Rs. 10/ per share i.e. Rs. 1.81 per equity share for the year.
- 14 The audited accounts for the year ended 31st March, 2022 are subject to review by the Comptroller and Auditor General of India under section 143 (6) of the Companies Act, 2013.
- 15 Figures for the quarter ended 31st March, 2022 and 31st March, 2021 are the balancing figures between the audited figures in respect of full financial year and the published year-to-date figures upto the 3rd quarter of the relevant Financial Year. post restatements/reclassifications as detailed at sl. no. 7 above.
- 16 Figures for the previous periods have been regrouped/restated wherever necessary.
For and on behalf of the Board of Directors of
NHPC Ltd. ~~~~···~ .-- (RAJENDRA P;Jt;;;; GOYAL)
Place : Faridabad Date : 25.05.2022
CHATURVEDI & CO.
Ch artered Accountants
Address: -24, Park Street, 2nd Floor, Park Centre, Kolkata-700016 E mail:[email protected]
======================================================================
To, NHPC Limited, NHPC Office Complex, Sector-33, Faridabad, Haryana-121 003
Independent Statutory Auditor's Certificate for asset cover in respect lis ted de bt s ecurities of NHPC Limited
1) W e understand that NHPC Limited ("the Company") having its registered office at NH PC Office Complex, Sector-33, Faridabad, Haryana-12 1 003, India is required to obtain a certificate for asset c over in respect li sted de bt securities of NHPC Limited as on 31 st March 2022 in term s of Requirem ent of Regulation 54 read with regulation 56(1 )(d) of SEBI (LODR) Regulations ,2015 as amended ("LODR Regulations") and SEBI (Debenture Trustees) Regulations , 1993 as am ended ("DT Regulations").
Management's Responsibility
2) The Company's Manage ment is responsible for ensuring that the Company complies w ith the LODR Regulations and DT Regulations. Further, the Compa ny is also responsible to comply with the requirements of Bond Trust Deed executed with respective Bond tru stee.
Auditor's Responsibility
- 3) Our responsibility is to certify the asset cover in respect of listed debt securities of the Company as on 3Pt M arch 2022 which is computed based on the audited financi al statements as on 31 st March 2022 and as per the format specified in SEBI Circular No. SEBI/HO/M IRSD/CRADT/CIR/P/2020/230 C irc ular dated 12th November 2020.
- 4) W e conduc ted o ur examination in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the Institute of Chartered Accountants of India. The Guidance Noted requires that w e comply with the ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants of India.
- 5) We have complied with the relevant applicable requireme nts of th e Standard on Quality Control (SQC), Quality controls for Firms that Perform Audits and Review s of Historical Financial Information, and Othe r Assura nce and Related Service Engagements.
Opinion
- 6) Based on our examination of books of accounts and other relevant records/documents as provided to us by the Company's management for the purpose of issuing this Certificate, w e hereby certify that:
- a) The assets of the Company provide a coverage of 137.71% of the interest and principal amount, which as per the Compa ny's management is in accordance w ith the term s of issue/ debenture trust deed. Calculation of Asset Cover Ratio for the secured debt securities is as g iven below in table :
| Tab le - I: |
(Rs . in Cr) | ||
|---|---|---|---|
| s No. |
Pa rticula r s |
Amount | |
| i. | Total assets av aila ble for secured Debt Securities ' - (secured by e ither pari passu or exclus ive charge on asset s ) (mention the share of Debt Securities' charge holders ) |
A | 22533.35 |
| Property Plant & Equipment (Fixed assets) - movable/immovable property etc . including Capital w ork in progress and Financial Assets (Statement as in Annexure-/) |
22533.35 | ||
| Loans /advances g iven (net of provisions, NPAs and sell down portfolio), Debt Sec urities, other credit exteo.Q.ed etc |
| r-- | interest Term Receivables including on loan/ Debt accrued |
--- | - |
|---|---|---|---|
| lnvestment(s) | - | ||
| Cash and cash equivalents and other currenU Non-current assets | - | ||
| ii. | e of secured Debt Securities Total borrowing through issu (secured by either pari passu or exclus ive charge on assets) |
16363.35 | |
| Debt Securities (Provide details as per table below) | 15829.99 | ||
| IND - AS adjustm ent for effective Intere st rate on secured Debt | - | ||
| Interest accru ed/payable on secured Debt Securities | - - |
533.36 | |
| iii. _ |
Ass et Cove rag e Ratio (100% or higher as per the term s of offer document/information m emorandum( debenture trust deed) |
AlB | 137.71 % |
SIN wise details Rs. in Cr.)
| SI.No. | I SIN | Facility r-ype of c harge |
San ctioned Amount |
Outstanding Amount As on 31.03.2022 |
Cover Required |
A ssets Required |
|---|---|---|---|---|---|---|
| As per Annexure-// | ||||||
- b) The financial information as set out in the Table in Paragraph (a) above has been extracted from the audited books of accounts for the year ended 3 1 "1 Marc h 2022 and other relevant records of the Company;
- c) Compliance of all the covenants/terms of the issue in respect of listed debt securities of the listed entity
We have examined the compliances made by the NHPC Limited in respect of the covenants/terms of the issue of the listed debt securities (NCO's) and certify that the covenants/terms of the issue have been complied by the NHPC Limited.
The above certificate has been given on the basis of information provided by the management and the records produced before us for verification
Restriction o n Use
This certificate has been issued to the management of NHPC Limited to comply with requirements of LODR Regulations. Our certificate should not be used for any other purpose or by any person other than the Company. Accordingly, we do not accept or assume any liability or duty of care to any other person to whom this certificate is shown or into whose hands it may come save wh ere expressly agreed by our prior consent in writing.
For Chaturvedi & Co. Chartered Accountants Firm Registration No.-302137E
~~ Partner
Membership No.-510574
UDIN:-22510574AJNAPD6972 Place:- Faridabad Dated:-241 hMay 2022
Notes to Accounts: 31.03.2022 Assets pledged as Security:
Annexure-I
| Projects/Power Stations | PPE as on 31.03.2022 |
CWIP as on 31.03.2022 |
Financial Assets- Others as on 31.03.2022 |
TOTAL(in Rs.) as on 31.03.2022 |
Total (Rs\Cr) |
|---|---|---|---|---|---|
| Chamera-II (O&M) | 8,648,553,428 | 8, 142, 150 | 8,656,695,578 | 865.67 | |
| Chamera-III (O&M) | 10,518,575,525 | 10,365,392 | 10,528,940,917 | 1052.89 | |
| Parbati-II (Const) | 2,248,827,930 | 91,470,031,176 | 93,718,859,106 | 9371.89 | |
| Parbati-III (O&M) | 15,873,112,926 | 12,095,831 | 15,885,208,757 | 1588.52 | |
| Dhauliganga (O&M) | 5,461,008,786 | 5,461,008,786 | 546.10 | ||
| TLDP-III (O&M) | 10,651,423,151 | 10,651,423,151 | 1065.14 | ||
| Teesta-V(O&M) | 10,891,870,978 | 873,430 | 10,892,744,408 | 1089.27 | |
| URI-1(O&M) | 13,313,931,378 | 86,530,006 | 13,400,461,384 | 1340.05 | |
| Dulhasti (Movable) | 9,214,872,420 | 15,724,210 | 9,230,596,630 | 923.06 | |
| Kishanganga (Movable) | 9,722,171,448 | 181,495,533 | 9,903,666,981 | 990.37 | |
| TLDP-IV(Movables) | 6,099,095,521 | $\frac{1}{2}$ | 6,099,095,521 | 609.91 | |
| URI-II(Movable) | 5,604,823,294 | 5,604,823,294 | 560.48 | ||
| Subansiri Lower(Movable) | 176, 155, 857 | 25, 123, 837, 468 | 25,299,993,325 | 2530.00 | |
| TOTAL | 97,772,999,491 | 116,909,095,196 | 10,651,423,151 | 225, 333, 517, 838 | 22,533.35 |
Reapens
(Rajeev Saxena)
Manager(F)-DFS
NHPC Limited
Annexure-1 1
ISIN wi se details as on 31.03.2022
| Sl. No. |
ISIN Number | Facility | Type of Charge |
Sanctioned Amount (Rs. in Cr.) |
Amount Outstanding jRs in Cr.) |
Required Cover |
Assets Required (Rs. in Cr.) |
|---|---|---|---|---|---|---|---|
| 1 | INE848E07047 | P-Series Bonds | Pari-passu | 2000.00 | 600.00 | 1.25 | 750.00 |
| 2 | INE848E07120 | 0-Series Bonds | Pari-passu | 105.50 | 105.50 | 1 | 105.50 |
| 3 | INE848E07138 | Q-Series Bonds | Pari-passu | 105.50 | 105.50 | 1 | 105.50 |
| 4 | IN E848E07146 | Q-Series Bonds | Pari-passu | 105.50 | 105.50 | 1 | 105.50 |
| 5 | INE848E07153 | Q-Series Bonds | Pari-Q_a ssu | 105.50 | 105.50 | 1 | 105.50 |
| 6 | IN E848E07161 | Q-Series Bonds | Pari-passu | 105.50 | 105.50 | 1 | 105.50 |
| 7 | INE848E07252 | R 1-Series Bonds | Pari-passu | 6.85 | 6.85 | 1 | 6.85 |
| 8 | INE848E07260 | R 1-Series Bonds | Pari-passu | 6.85 | 6.85 | 1 | 6.85 |
| 9 | INE848E07492 | R 1-Series Bonds | Parij)_assu | 6.85 | 6.85 | 1 | 6.85 |
| 10 | INE848E07500 | R 1-Series Bonds | Pari-passu | 6.85 | 6.85 | 1 | 6.85 |
| 11 | INE848E07344 | R2-Series Bonds | Pari-passu | 31.84 | 31.84 | 1 | 31.84 |
| 12 | INE848E07351 | R2-Series Bonds | Pari-passu | 31.84 | 31.84 | 1 | 31.84 |
| 13 | INE848E07369 | R2-Series Bonds | Pari-passu | 31.84 | 31.84 | 1 | 31.84 |
| 14 | INE848E07377 | R2-Series Bonds | Pari-passu | 31.84 | 31.84 | 1 | 31.84 |
| 15 | INE848E07385 | R2-Series Bonds | Pari-Q_assu | 31.84 | 31.84 | 1 | 31.84 |
| 16 | I NE848E07 435 | R3-Series Bonds | Pari-passu | 89.20 | 89.20 | 1 | 89.20 |
| 17 | INE848E07443. | R3-Series Bonds | Pari-passu | 89.20 | 89.20 | 1 | 89.20 |
| 18 | INE848E07450 | R3-Series Bonds | Pari-passu | 89.20 | 89.20 | 1 | 89.20 |
| 19 | INE848E07468 | R3-Series Bonds | Pari-passu | 89.20 | 89.20 | 1 | 89.20 |
| 20 | INE848E07476 | R3-Series Bonds | Pari-passu | 89.20 | 89.20 | 1 | 89.20 |
| 21 | INE848E07484 | R3-Series Bonds | Parigassu | 89.20 | 89.20 | 1 | 89.20 |
| 22 | INE848E07641 | S1-Series Bonds | Pari::Qassu | 36.50 | 36.50 | 1 | 36.50 |
| 23 | INE848E07658 | S 1-Series Bonds | Pari-passu | 36.50 | 36.50 | 1 | 36.50 |
| 24 | INE848E07666 | S 1-Series Bonds | Pari-passu | 36.50 | 36.50 | 1 | 36.50 |
| 25 | INE848E07716 | S2 Series Bonds | Pari-passu | 55.00 | 55.00 | 1 | 55.00 |
| 26 | INE848E07724 | S2 Series Bonds | Pari-passu | 55.00 | 55.00 | 1 | 55.00 |
| 27 28 |
INE848E07732 INE848E07740 |
S2 Series Bonds S2 Series Bonds |
Pari-passu | 55.00 55.00 |
55.00 55.00 |
1 1 |
55.00 55.00 |
| 29 | INE848E07757 | S2 Series Bonds | Pari-Q_assu | ||||
| 30 | INE848E07765 | S2 Series Bonds | Pari-passu Pari-passu |
55.00 | 55.00 | 1 1 |
55.00 55.00 |
| 31 | INE848E07773 | S2 Series Bonds | Pari-passu | 55.00 55.00 |
55.00 55.00 |
1 | 55.00 |
| 32 | INE848E07781 | S2 Series Bonds | Pari-Q_assu | 55.00 | 55.00 | 1 | 55.00 |
| 33 | IN E848 E07823 | T Series Bonds | Pari-passu | 122.91 | 122.91 | 1 | 122.91 |
| 34 | INE848E07831 | T Series Bonds | Pari-passu | 122.91 | 122.91 | 1 | 122.91 |
| 35 | INE848E07849 | T Series Bonds | Pari-passu | 122.91 | 122.91 | 1 | 122.91 |
| 36 | INE848E07856 | T Series Bonds | Pari-passu | 122.91 | 122.91 | 1 | 122.91 |
| 37 | INE848E07864 | T Series Bonds | Pari-passu | 122.91 | 122.91 | 1 | 122.91 |
| 38 | INE848E07872 | T Series Bonds | Pari-passu | 122.91 ' |
122.91 | 1 | 122.91 |
| 39 | INE848E07880 | T Series Bonds | Pari-passu | 122.91 | 122.91 | 1 | 122.91 |
| 40 | INE848E07898 | T Series Bonds | Pari-Q_assu | 122.91 | 122.91 | 1 | 122.91 |
| 41 | INE848E07906 | T Series Bonds | Pari-passu | 122.91 | 122.91 | 1 | 122.91 |
| 42 | INE848E07914 | U Series Bonds | Pari-passu | 540.00 | 540.00 | 1 | 540.00 |
| 43 | INE848E07922 | U1 Series Bonds | Pari-passu | 360.00 | 360.00 | 1 | 360.00 |
| 44 | IN E848E07989 | V2 Series Bonds | Pari::Qassu | 295.00 | 295.00 | 1 | 295.00 |
| 45 | INE848E07997 | V2 Series Bonds | Pari-passu | 295.00 | 295.00 | 1 | 295.00 |
| 46 | INE848E07AA3 | V2 Series Bonds | Pari-passu | 295.00 | 295.00 | 1 | 295.00 |
| 47 | INE848E07AB1 | V2 Series Bonds | Pari-passu | 295.00 | 295.00 | 1 | 2.95.00 |
| 48 | INE848E07AC9 | V2 Series Bonds | Pari-Q_assu | 295.00 | 295.00 | 1 | 295.00 |
| 49 | INE848E07AH8 | W1 Series Bonds | Pari-passu | 300.00 | 300.00 | 1 | 300.00 |
| 50 | INE848E07AI6 | W2 Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 51 | INE848E07AJ4 | W2 Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 52 | INE848E07AK2 | W2 Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 53 | IN E848E07 ALO | W2 Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| Sl. No. |
ISIN Number | Faci lity | Type of Charge |
Sanctioned Amount |
Amount Outstanding (Rs in Cr.) |
Required Cover |
Assets Required (Rs. in Cr.) |
|---|---|---|---|---|---|---|---|
| 54 | INE848E07AM8 | W2 Series Bonds | Pari-passu | (Rs. in Cr.) 150.00 |
150.00 | 1 | 150.00 |
| 55 | INE848E07AN6 | X Series Bonds | Pari-passu | 1500.00 | 1500.00 | 1 | 1500.00 |
| 56 | INE848E07A04 | Y Series Bonds | Pari-passu | 300.00 | 300.00 | 1 | 300.00 |
| 57 | INE848E07AP1 | Y Series Bonds | Pari-passu | 300.00 | 300.00 | 1 | 300.00 |
| 58 | INE848E07AQ9 | Y Series Bonds | Pari-passu | 300.00 | 300.00 | 1 | 300.00 |
| 59 | INE848E07AR7 | Y Series Bonds | Pari-passu | 300.00 | 300.00 | 1 | 300.00 |
| 60 | INE848E07AS5 | Y Series Bonds | Pari-passu | 300.00 ' | 300.00 | 1 | 300.00 |
| 61 | INE848E07AT3 | Y1 Series Bonds | Pari-passu | 100.00 | 100.00 | 1 | 100.00 |
| 62 | INE848E07AU1 | Y1 Series Bonds | Pari-passu | 100.00 | 100.00 | 1 | 100.00 |
| 63 | INE848E07AV9 | Y1 Series Bonds | Pari-passu | 100.00 | 100.00 | 1 | 100.00 |
| 64 | INE848E07AW7 | Y1 Series Bonds | Pari-passu | 100.00 | 100.00 | 1 | 100.00 |
| 65 | INE848E07AX5 | Y1 Series Bonds | Pari-passu | 100.00 | 100.00 | 1 | 100.00 |
| 66 | INE848E07AY3 | AA Series Bonds | Pari-passu | 300.00 | 300.00 | 1 | 300.00 |
| 67 | INE848E07AZO | AA Series Bonds | Pari-passu | 300.00 | 300.00 | 1 | 300.00 |
| 68 | INE848E07BA 1 | AA Series Bonds | Pari-passu | 300.00 | 300.00 | 1 | 300.00 |
| 69 | INE848E07BB9 | AA Series Bonds | Pari-passu | 300.00 | 300.00 | 1 | 300.00 |
| 70 | INE848E07BC7 INE848E07BD5 |
AA Series Bonds AA-1 Series Bonds |
Pari-passu | 300.00 | 300.00 | 1 | 300.00 100.00 |
| 71 72 |
INE848E07BE3 | AA-1 Series Bonds | Pari-passu Pari-passu |
100.00 100.00 |
100.00 100.00 |
1 1 |
100.00 |
| 73 | INE848E07BG8 | AA-1 Series Bonds | Pari-passu | 100.00 | 100.00 | 1 | 100.00 |
| 74 | INE848E07BH6 | AA-1 Series Bonds | Pari-passu | 100.00 | 100.00 | 1 | 100.00 |
| 75 | INE848E07BI4 | AA-1 Series Bonds | Pari-passu | 100.00 | 100.00 | 1 | 100.00 |
| 76 | INE848E07BJ2 | AB Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 77 | INE848E07BKO | AB Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 78 | INE848E07BL8 | AB Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 79 | INE848E07BM6 | AB Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 80 | INE848E07BN4 | AB Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 81 | INE848E07B02 | AC Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 82 | INE848E07BP9 | AC Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 83 | INE848E07BQ7 | AC Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 84 | INE848E07BR5 | AC Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 85 | INE848E07BS3 | AC Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 86 | INE848E07BT1 | AC Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 87 | INE848E07BU9 | AC Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 88 89 |
INE848E07BV7 INE848E07BW5 |
AC Series Bonds AC Series Bonds |
Pari-passu Pari-passu |
150.00 150.00 |
150.00 150.00 |
1 1 |
150.00 150.00 |
| 90 | INE848E07BX3 | AC Series Bonds | Pari-passu | 150.00 | 150.00 | 1 | 150.00 |
| 91 | INE848E07518 | TAX FREE BONDS 1A | Pari-passu | 50.81 | 50.81 | 1 | 50.81 |
| 92 | INE848E07542 | TAX FREE BONDS 1 B | Pari-p_assu | 60.77 | 60.77 | 1 | 60.77 |
| 93 | INE848E07526 | TAX FREE BONDS 2A | Pari-passu | 213.12 | 213.12 | 1 | 213.12 |
| 94 | INE848E07559 | TAX FREE BONDS 2B | Pari-passu | 85.61 | 85.61 | 1 | 85.61 |
| 95 | INE848E07534 | TAX FREE BONDS 3A | Pari-passu | 336.07 | 336.07 | 1 | 336.07 |
| 96 | INE848E07567 | TAX FREE BONDS 3B | Pari-passu | 253.62 | 253.62 | 1 | 253.62 |
| Total as on 31.03.2022 | 15679.99 | 15829.99 | |||||
(li O.'f! W-V' :;;.--
(Rajeev Saxena) Manager(F)-DFS
.. .._._,