Analyst Meet / AGM - Analyst Meet
Capitalization to capex ratio is expected to cross around 90% in FY'16
The company held its Analyst Meet on 11th Aug 2015 and was addressed by Mr Nayak CMD of the company
Key Highlights
As on 1st Aug'15, the company has 118261 ckm of Transmission lines, 239424 MVA of substation capacities and Availability rate of about 99.92%.
The book value as on June'15 stood at Rs 75.32.
As on June'15, the company has outstanding receivable days of about 8. Average monthly billing stands at Rs 1305 crore.
The company incurred a capex about Rs 6412 crore worth of assets during Q1 FY'16 as compared to Rs 5844 crore worth of assets on YoY basis. Till 31st July'15, the total capex stood at Rs 8080 crore. The company capitalized about Rs 4547 crore worth of assets during Q1 FY'16 as compared to Rs 4878 crore worth of assets on YoY basis. Till 31st July'15, the total capitalization stood at Rs 7000 crore.
The capitalization to capex ratio is constantly increasing from about 60% in 2013 to about 77% in 2014, around 86% in 2015. Management expects the ratio to cross around 90% in FY'16.
The current Capital WIP stands at around Rs 42337 crore. These are the projects at various stages of execution.
Some of the major inter regional projects in FY'16 slated to be operational are Barh-Gorakpur, Gwailor-Jaipur, Kudgi-Kolhapur, Gaya-Varanasi, Ranchi-Dharamjavgarh and Champa-Kurukshetra. Inter regional capacity of 16700 MW will be added and operational in FY'16. Internationally, India-Bangladesh and India-Nepal interconnections will take place.
On consultancy side, domestically, the company is working on about 120 projects worth around Rs 19600 crore. Internationally, the company is working on 14 projects. Some of the major countries include Bangladesh, Nepal, Ethiopia, Nigeria, Afghanistan, Kenya, UAE etc.
The company is actively working on smart grid works in Bangalore and Puducheri and substation works for Railways.
The company is on track to achieve capex plan of about Rs 22500 crore in FY'16 and the same in FY'17 as well. So far till July'15, about Rs 9213 crore of investment approvals stand, contracts worth Rs 8128 crore were awarded, Rs 16500 crore of bids are open.
The company is working closely with the Power Ministry in ensuring that the mismatch between the power generation and distribution gets minimized. A strategy has been laid down and slowly will be implemented as the year progresses.
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