director's report 2012-13 - final
Post on 15-Feb-2022
2 Views
Preview:
TRANSCRIPT
1
DDIIRREECCTTOORRSS'' RREEPPOORRTT
The Board of Directors take immense pleasure in presenting the 43rd
Annual
Report on the business and operations of the Corporation with the audited
statement of accounts for the year ended March 31, 2013.
II.. FFiinnaanncciiaall PPeerrffoorrmmaannccee
Financial Results
For the year
ended
March 31, 2013
(`in crores)
For the year
ended
March 31, 2012
(`in crores)
Gross income from
Sale of energy
Less: Advance against
Less: Intirm Power
Net income from sale of energy
5622
43
152
5426
5242
41
-----
5201
Other Income 967 541
Total Income 6393 5742
Operating Expenditure 4857 4409
Operating Profit 1537 1333
Finance Charges, Depn.,& prior
period adjustments 1366 1171
Profit before tax 171 162
Provision for Tax
Deferred tax
35
134
35
12
Profit after tax 2 115
Profit
• Profit before tax during the year was at `171 crores as against `162 crores
during the previous year.
Turnover
• Turnover during the year was `5622 crores as against `5242 crores during
the previous year, due to decrease in energy sales in Thermal and decrease
from Hydro Stations.
Generation
• Generation during the year was 24382 mus as against 28239 mus during the
previous year.
Dividend
• A dividend of `10 per share as in previous years has been proposed. The
total dividend outgo will be `31.27 crores
2
Special Reserve
• An amount of `0.06 crores, equivalent to 2.5% of the profit after tax is
transferred to a separate reserve to meet the contingencies in operation and
maintenance of the plants
Equity infusion
• GoK has contributed an amount of `400 crores during the year towards
Equity for setting up power generation plants by KPCL.
IIII FFiinnaanncciiaall MMaannaaggeemmeenntt
Financial Initiatives
With the regulatory environment prevailing in the State, the company has been
pursuing with various initiatives to reduce the cost of borrowings. The total
savings during the year 2012-13 is `74.17 crores. The details are:
• On account of availment of Short Term Loan at lower rate of interest, an amount
of `62.01 crores is saved in comparison with the rate of interest of Working
Capital loan;
• On account of availment of Short Term Loan at lower rate of interest, an amount
of `12.16 crores is saved in comparison with the rate of interest of Rupee Term
loan
IIIIII RReeaalliissaattiioonn ooff dduueess ffrroomm KKPPTTCCLL//EESSCCOOMMss
As part of the reforms in the power sector, GoK vide GO No. EN 131 PSR 2003
Bangalore dated 10.05.2005 ordered for assignment of PPAs to all the ESCOMs
for purchase of power from KPCL with effect from 10.06.2005. Accordingly,
KPCL has been selling power directly to ESCOMs w.e.f. 10.06.2005. Total
realization from ESCOMs/KPTCL during the year was at `̀̀̀4922.94 crores. The
outstanding dues from ESCOMs/KPTCL as on 31.03.2013 is `9384.44 crores.
KPCL has requested GOK to liquidate the old outstanding dues by
KPTCL/ESCOMs as per the Implementable Action Plan submitted to GOK under
“Financial Restructuring Plan for realisation of KPCL dues from
KPTCL/ESCOMs”.
IIVV PPoowweerr PPuurrcchhaassee AAggrreeeemmeennttss
The Power Purchase Agreements for the existing hydel stations, ADPH, RTPS
Units 1 to 7 & DG Plant were approved by KERC on 03.08.2009, which were
executed on 24.05.2010. Power Purchase Agreements for the BTPS Unit -1 has
been executed on 18.12.2010.
The Power Purchase Agreement for the ongoing and new projects have been
initialed on 18.12.2010 for capacity addition.
3
VV CCoorrppoorraattee GGoovveerrnnaannccee
a) Best Practices
• To meet the challenges of a competitive scenario in the power sector
• Cost consciousness and transparency in transactions
• Adaptations to reduce time and cost element in project execution
• Benchmarking with the best in India and abroad
• Proper budgetary control system
• Financial and commercial systems to ensure fair play for stakeholders like
vendors, contractors and lenders.
• Importance for obtaining lawful consents, permits and clearances in the
activities. Contractors, suppliers and other business associates are expected to
comply with all relevant legal requirements.
• To reflect faithful compliance to the tenets of public governance.
• Savings to be obtained through a professional approach in design, execution
and operation & maintenance of projects.
• Enhancement of knowledge and skills of employees through training
b) Social contributions
• Maintaining aesthetic gardens at the Kidwai Oncology Hospital, project
locations, Corporate Office and park with an attractive water fountain in front of
Vidhana Soudha.
• Passing on the benefit of cost cutting in construction, finance and operations to
the consumers.
• High performance levels to reduce cost and ensure reliable power supply.
• Making available corporation-run schools, hospitals and community centers for
the general public in the project areas.
• Maintaining interior roads near project locations.
• Strict compliance to environmental laws, regulations and norms.
CSR works at Bellary Thermal Power Project:
The following civil works have been taken up in Thimmalapura Village and
amount of `118.80 lakhs has been spent up to May 2013.
i) Improvements to water supply arrangements.
ii) Providing toilet blocks with necessary facilitates for the Govt. schools.
iii) Development of electrical works has been carried out during the year
2011-12.
iv) Construction of compound wall around the remaining religious places.
v) Construction of cement concrete roads for about a length of 3 kms
Following civil work has been taken up in Kudathini Village and an amount of
`87.56 lakhs has been spent up to June 2013:
- Construction of compound wall around religious places & Govt.
schools
4
Action plan is being prepared for CSR Activities based on the preliminary
survey report covering both villages which includes providing roads, drains &
culverts, improvement to electrical supply works, and other basic
infrastructure facilities. Estimates are under preparation. For electrical works
it is proposed to get this work done on deposit contribution basis with
GESCOM.
CSR works at Raichur/Yermarus Thermal Power Project:
1) Yedlapura Village: The following civil works have been done and
amount of `110.41 lakhs is spent for the same.
a) Laying of 25 cm thickness Murrum Blanket in the School Play
Ground area.
b) Providing of Library Books, Lab equipments, Maps, Charts,
Sports materials, Computers, Desks and Steel Almirahs etc.,
c) Construction of compound wall around religious places and the
burial ground.
d) Providing of Street lights and New electrical poles, Transformer
and laying of New LT lines etc.,
e) Construction of Ranga Mantapa, Store room, Library, Laboratory
and Toilets.
2) Deosugur Village: The following civil works have been done during
2012-13 and amount of `5.59 lakhs is spent for the same.
a) Jungle Clearance
b) Removal of Silt from Nalas.
c) Laying additional water supply lines
d) Pocket filling of the existing road from 2nd
cross to Temple.
3) Chikkasugur Village: Approval obtained for Construction of
Additional Room to Government School at the cost of `17.29 lakhs
during the financial year 2013-14. Tender finalized and works are in
progress.
4) Vadloor Village: Approval obtained for Construction of Additional
Room to Government School at the cost of `23.54 lakhs during the
finical year 2013-14. Tender finalized and works are in progress.
5) Yeganoor Village: Approval obtained for Construction of Additional
Room to Government School at the cost of `16.59 lakhs during the
finical year 2013-14. Tender finalized and works are in progress.
5
c) Board of Directors Sl.
No Name of Directors
Shriyuths/Smt/Kumari Post held
Period
From Upto
1 DV Sadananda Gowda Chairman 26.08.2011 24.07.2012
2 Jagadish Shettar Chairman 24.07.2012 21.05.2013
3 Shobha Karandlaje Vice Chairperson 23.09.2010 27.02.2013
4 Pradeep Singh Kharola, IAS Director 25.07.2012 21.05.2013
5 P Ravi Kumar, IAS Director 19.05.2011 05.09.2012
6 K Shivram, IAS Director 03.02.2012 28.09.2012
7 HN Narayanprasad Technical Director 19.02.2011 05.03.2013
8 SV Nesargi Director 02.01.2009 20.06.2013
9 S Shankar Rao Director 02.02.2009 07.02.2013
10 Lahar Singh Siroya Director 02.03.2009 20.06.2013
11 C Ramesh Director 07.02.2013 20.06.2013
12 SK Pattanayak, IAS Director 07.02.2013 13.08.2013
13 S Selvakumar, IAS Director 05.09.2012 01.08.2013*
14 Rajeev Chawla, IAS Director 28.09.2012 21.08.2013
15 LV Nagarajan, IAS Director 24.03.2010 06.09.2013
16 Siddaramaiah Chairman 21.05.2013 -
17 MR Kamble, IAS Managing Director 06.02.2012 -
18 P Bhaskar Technical Director 05.03.2013 -
19 R Nagaraja Finance Director 03.03.2010 -
20 DN Narasimha Raju, IAS Director 03.02.2012
21.05.2013
07.02.2013
-
21 D Satya Murty, IAS Director 23.10.2010 -
22 Dr. Amita Prasad, IAS Director 13.08.2013 -
23 Dr. H Basker, IAS Director 21.08.2013 -
24 G Kumar Naik, IAS Director 01.08.2013* -
25 ISN Prasad, IAS Director 24.12.2009
06.09.2013
25.07.2012
-
* As per Corrigendum vide Govt Order dated 28.08.2013
The Board places on record its appreciation of the services rendered by the
outgoing/ceased Directors during their tenure.
d) Constitution of Committees
i) Technical Committee
The Technical Committee has been constituted by the Board to assist and
advise the MD in respect of all technical and commercial issues referred by the
MD. Presently the Technical Committee comprises of Shriyuths D Satya
Murty, MR Kamble, MD, P Bhaskar, TD and R Nagaraja, FD.
ii) Audit Committee
Pursuant to Section 292A of the Companies Act, Audit Committee was
constituted in the Corporation in the year 2001 with the following terms of
reference:
i) Members of the Audit Committee shall elect a Chairman from amongst
themselves.
ii)
(a) The Audit Committee shall have discussions with the auditors
periodically about the working of existing internal control systems for
6
improving the same. The recommendations of such review shall be
placed before the management for implementation.
(b) The Audit Committee shall review half yearly and annual financial
statement. Recommendations arising out of such review shall be carried
out before placing the same to the Board.
(c) The review and recommendations of Audit Committee on internal
control systems shall be placed before the Board for implementation.
(d) The Audit Committee shall have powers to investigate into any matter
in relation to specified circumstances in the Section 292A of Companies
Act or referred to it by the Board and shall have access to information
and records. If necessary, engage external professional auditors for the
purpose.
(e) The recommendations of the Audit Committee on any matter relating to
financial management shall be binding on the Board of Directors. If
Board does not accept the recommendations, it shall record the reasons
and it should be communicated to shareholders.
(f) The Chairman of the Audit Committee shall attend the annual general
meeting to provide any clarification on matters relating to audit.
(g) The Audit Committee shall meet at least thrice in a year.
(h) One meeting must be held before finalisation of Annual Accounts and
one necessarily every six months.
iii) The statutory auditor, the internal auditor and the director in charge of
finance shall attend and participate in meetings of the Audit Committee.
Consequent to transfer / retirement of members of the Audit Committee, the
Committee has been re-constituted with the following members to review
and advice on the Annual Accounts 2012-13:
Shri LV Nagarajan, IAS
Smt. Amita Prasad, IAS
Shri D Satya Murty, IAS
Shri P Bhaskar, Technical Director
In the meeting held on 09.04.2013 the Managing Director briefed the
Committee about the proposed Revenue Budget proposals for the year 2013-14
along with the actual/budgeted/revised estimates for the years 2011-12 and
2012-13. In its meeting on 19.08.2013, the Audit Committee reviewed in detail
the annual accounts for the year 2012-13 and recommended the same for
consideration by the Board.
e) Meetings of the Board, sub-committees & management committees
pertaining to the financial year
i) Board level
Board : Eight
Technical Committee : Nine
Audit Committee : Two
Sub Committees – Board : --
ii) Management Contract Management : Twenty Four
7
iii) Annual General Meetings
f) Right to Information Act
The Corporation, as a public authority, has taken steps towards the compliance of
the Right to Information Act 2005. Public Information Officers and First Appellate
Authority have been nominated as contemplated under the Act. Suo-moto
disclosure of information on the activities of the Corporation under various heads
in addition to the mandatory requirement under the RTI Act 2005 is made
available on website:www.karnatakapower.com. During the year, 424 applications
were received and processed. Information was furnished for 421 applications. In
respect of 3 applications, information was pending , as these were received after
10.04.2013.
VVII CCaappiittaall EExxppeennddiittuurree
Capital Expenditure incurred by the Corporation amounts to `2363.17 crores.
Meeting
No. & Date
Held at Special
Resolutions
40 AGM -
25.09.2010
Regd. Office, No. 82, Shakti
Bhavan, Race Course Road,
Bangalore-560 001
Ordinary Resolutions for:
Authorising the Board of Directors
- for borrowing of funds; Approval
to mortgage/ hypothecate/ charge
assets of Solar PV project in favour
of Lenders & Approval to
mortgage/ hypothecate/charge
assets of BTPS Unit 3 in favour of
Lenders
EGM –
19.05.2011
Regd. Office, No. 82, Shakti
Bhavan, Race Course Road,
Bangalore-560 001
Amendment to the Capital Clause
in the Memorandum of Association
41 AGM -
29.09.2011
Regd. Office, No. 82, Shakti
Bhavan, Race Course Road,
Bangalore-560 001
_
EGM –
10.01.2012
Regd. Office, No. 82, Shakti
Bhavan, Race Course Road,
Bangalore-560 001
Dematerialisation of securities –
issued in the name of Govt. of
Karnataka
42 AGM -
25.09.2012
Regd. Office, No. 82, Shakti
Bhavan, Race Course Road,
Bangalore-560 001
Ordinary Resolutions for Approval to mortgage/ hypothecate/
charge assets of 5 MW Solar Plant
at Belakavadi in Mandya District in
favour of Lenders
EGM –
16.01.2013
Regd. Office, No. 82, Shakti
Bhavan, Race Course Road,
Bangalore-560 001
Amendment to the Capital Clause
in the Memorandum of Association
& Amendment to the Memorandum
of Association - Inclusion of
provisions for Coal Mining
8
VVIIII OOppeerraattiioonnaall PPeerrffoorrmmaannccee
The Corporation operates many hydel stations, two thermal power plants, one
wind energy farm, one diesel generating plant and four solar PV plants with a total
installed capacity of 6498.905 MWs as on 31.3.2013 (Hydel:3652.35 MWs,
Thermal : 2720 MWs, Wind: 4.555 MWs, Diesel Generator: 108 MWs and Solar
PV plants: 14 MWs) Energy generated during the year from Hydel, Thermal,
Wind, Diesel Generating plant and Solar PV plants was 10151.04 MU, 13982.06
MU, 13.47 MU, 219.06 MU, 16.73 MU respectively totaling to 24382.36 MU.
The inflows to the three major reservoirs viz., Linganamakki, Supa & Mani is
about 257.49 TMC and the maximum levels reached during 2012-13 is 1809.55 ft,
549.50 M and 591.08 M respectively.
Thermal Stations during 2012-13:
a) BTPS Unit -1 generated 2990.59 MU with PLF of 68.28%
b) BTPS Unit -2 generated 912.98 MU
c) RTPS Unit 1 to 7 generated 9447.97 MU with PLF of 73.37%
d) RTPS Unit-8 generated 630.52 MU with PLF of 28.79%
Operational performance in terms of plant availability factor, plant load factor,
forced outages, specific coal and oil consumption per KWH and auxiliary
consumption was maintained at optimum level. The performance parameters of
thermal and major hydel projects for the year are indicated below:
A. Generation performance
Generation 2012-13 2011-12
Thermal 13982.06 13621.31
Hydro 10151.04 14192.30
DG 219.06 403.99
Wind 13.47 13.65
Solar 16.73 8.23
Total 24382.36 28239.48
B. Performance of RTPS
Particulars 2012-13 2011-12
U: 1 to 7 U: 8 U: 1 to 7 U: 8
Generation in Mus 9447.97 630.52 9580.204 951.308
Aux. consumption in Mus 925.66 61.25 905.31 89.11
Aux. Consumption in % 9.80 9.71 9.45 9.37
Plant load factor 73.37 28.79 74.19 43.32
Coal consumption (lakh MT) 70.19 4.68 71.87 6.94
Specific coal consumption
(Kg/KWh)
0.743 0.742 0.750 0.729
Specific oil consumption
(ml/KWh)
3.726 9.898 1.882 8.762
Plant availability factor 85.71 39.26 84.57 58.31
Units in operation 7 1 7 1
9
C. Performance of BTPS
Particulars 2012-13 2011-12
Unit - 1 Unit – 2 * Unit - 1
Generation in Mus 2990.59 912.98 3087.13
Aux. consumption in Mus 179.11 92.63 188.79
Aux. Consumption in % 5.99 10.15 6.12
Plant load factor 68.28 - 70.29
Coal consumption (lakh MT) 21.02 6.09 21.59
Specific coal consumption
(Kg/KWh)
0.703 0.666 0.699
Specific oil consumption
(ml/KWh)
1.375 11.37 1.540
Plant availability factor 83.71 28.98 76.91
Units in operation 1 1 1
* BTPS: U2- COD DATE: 18.2.2013
D. 1) Performance of Major Hydro Stations 2012-13
Stations
2012-13 2011-12
Generation
in MU
Plant
load
factor
%
Plant
availa
bility
factor
%
Aux
con % Generation
in MU
Plant
load
factor
%
Plant
availa
bility
factor %
Aux
cons %
Sharavathy 4669.57 51.50 95.33 1.24 5654.85 62.20 94.53 1.18
Nagjhari 1958.98 25.27 86.75 1.29 3634.94 46.76 95.11 1.48
Varahi 1029.39 25.55 97.77 2.19 1124.50 27.84 84.72 1.78
2) Performance of Minor Hydel Stations (100 MW & above)
Minor
Stations
2012-13 2011-12
Generation
in MU
Plant load
factor in
%
Availability
factor in %
Generation
in MU
Plant load
factor in
%
Availability
factor in %
Supa 331.24 37.81 86.00 546.52 62.22 98.44
Gerusoppa 456.24 21.70 99.70 576.76 27.36 99.46
Kadra 257.06 19.56 99.01 484.92 36.80 96.49
Kodasalli 217.72 20.71 96.74 451.06 42.79 93.36
MGHE 140.31 11.51 77.38 234.46 19.18 52.92
Almatti 418.37 16.47 91.00 516.21 20.26 86.18
E. Station wise Generation in Mus
Station 2012-13 2011-12
Raichur Thermal Power Station 10078.49 10531.51
Bellary Thermal Power Station 3903.57 3089.80
Sharavathy Generating Station 4669.57 5654.85
Gerusoppa Dam Power House 456.24 576.76
Linganamakki Dam Power House 199.63 303.99
Nagjhari Power House 1958.98 3634.94
Supa Dam Power House 331.24 546.52
Kadra Dam Power House 257.06 484.92
10
Kodasalli Dam Power House 217.72 451.06
Varahi Underground Power House 1029.39 1124.50
Mani Dam Power House 21.75 20.67
Almatti Dam Power House 418.37 516.21
Ghataprabha Dam Power House 49.04 100.05
Bhadra Dam Power House 47.06 72.16
Kalmala, Sirwar, Ganekal&Mallapur 0 0.010
Shivasamudram 238.19 332.12
Shimshapura Hydro Electric Station 50.57 42.31
Mahatma Gandhi Hydro Electric Station 140.31 234.46
Munirabad Power House 65.94 96.78
DG Plant Yelahanka 219.06 403.99
Kappatagudda Wind Farm 13.47 13.65
Solar PV Stations at Kolar, Belgaum,
Yelasandra&Belakawadi
16.73 8.23
Total 24382.36 28239.48
F. Level reached by the hydel reservoirs during the year 2012-13
Reservoir Full level
Min draw
down level
Highest
level in
2012-13
Date %
Capacity
Linganamakki 1819 ft 1715 ft 1809.55ft 8.10.2012 80.26
Supa 564mts 494 mts 549.50mts 12.10.2012 61.82
Mani 594.36mts 565.10 mts 591.08mts 17.9.2012 80.40
VVIIIIII PPrroojjeeccttss ccoommpplleetteedd dduurriinngg tthhee yyeeaarr
At Belakwadi, Mandya district 5MW Solar power project was commissioned on
25.06.2012 & BTPS unit-2 of 500MW was synchronized during August 2012
using coal and was declared for commercial operation on 18.02.2013. Capacity
addition of 505MW from these two stations was achieved during 2012-13.
IIXX.. OOnnggooiinngg PPoowweerr PPrroojjeeccttss::
1. Yeramarus (2x800 MW) Thermal Power Station
• As per the orders of GOK letter no. EN90 PPC2008 dtd.03.01.2009 KPCL
has signed the agreement for implementation of Yermarus (2X800MW)
thermal power station in joint venture with BHEL on 12.01.2009.
• Construction works have already started. Approximate total cost of the
project is `̀̀̀9015 crores. The station will generate 11913Mu per year.
Environmental clearance for the project has been accorded by ministry of
environment & forest (GOI) on 17.11.2009. LOA has been issued on
09.04.2010 for BTG and other main packages. The construction works on various fronts are in progress and the details are
as below:
• Coal handling plant:
LOA for supply & erection of Coal Handling Plant with Mill Reject
Handling System & Ash handling Plant issued to M/s BHEL on
11
21.03.2012. About 10,500MT of Reinforcement and Structural steel
for CHP & AHP works received at site. Wagon Tippler 1,2,3&4:
Excavation is under progress.
• Power House:
For Unit-1, erection of Power house columns commenced on
18.10.2012 & total erected cumulative 5400MT. Column erection
for Unit-2 started on 28.11.2012 & Cumulative erected 3700MT.
• Boiler:
Erection of columns is in progress. 840MT erected. Cumulative
7285MT erected for unit-1 & 834MT erected, Cumulative 4731MT
erected for unit-2.
• Chimney:
LoA has been issued for twin Flue RC chimney on 26.04.2012 to
M/s. Gannon Dunkerley & Co. Ltd. PCC works completed. Raft
concreting completed. Preparations for shell concreting in progress.
• 400kv Switch Yard:
Equipment foundations in progress.
2. Bellary Thermal Power Station, Unit-3: (1 x 700 MW)
• GOK has approved to take up BTPS 3rd
unit (700MW) Construction works.
The approximate total cost of the project is `4686 crores. This station will
generate 5212Mu per year; Environmental clearance for the project has
been accorded by ministry of environment & forest. After negotiation with
M/s BHEL, LOA has been issued on 28.09.2010, on the basis of EPC for
amount of `̀̀̀3700 crores for construction works. The construction works on various fronts are in progress and the details are
as below:
• Coal handling plant:
1860 MT of Structural fabrication completed out of total 7000 MT.
• Power House:
Foundation works of power house completed. 4135 MT of Structural
fabrication completed out of total 7000MT.
• Boiler:
Erection commenced on 26.11.2012, Erection of 3100MT of
structures completed out of 23000MT.
• Chimney:
Shell concreting is in progress.
• 400kv switch yard:
Equipment foundations is in progress.
3. Renovation, Modernisation & Upgradation works of Nagjhari power
house Unit-6 (15 MW)
Up gradation works of Nagjhari power house Unit-6 from 135 MW to 150
MW has been entrusted to M/s VATECH Hydro India Ltd. The unit is
expected to operate during March 2014.
12
4. Ghataprabha Hydro Electric station 20MW: - Tender process is in progress
5. Munirabad Hydro Electric station –Additional unit 10MW:
- Work in progress
6. Clean Development Mechanism (CDM): Solar projects in Kolar, Belgaum and Raichur are registered under UNFCC
as CDM projects. CDM validation of Mandya project is under progress.
7. New projects: GoK has allotted two solar plants to KPCL of 5MW capacity in Haveri
district of Karnataka, one plant at Chandapur village and another at
Kaginele village, Haveri district. The preliminary works for taking up
5MW solar projects at Haveri district are in progress. Land acquisition is
under progress.
XX NNeeww aanndd PPrrooppoosseedd PPoowweerr PPrroojjeeccttss
1. Edlapur Thermal Power Station: (1x800 MW)
• For development of Edlapur TPS (1x800 MW) in Joint Venture with
M/s BHEL, a MoU was signed on 12-01-2009 as per GoK Order No. EN 90
PPC 2008 dt.03-01-2009.
• Estimated cost of the project is `4960 crores and it would generate 5957 MU
of energy annually.
• Clearances for the project are received from Airport Authority of India &
Archaeological Survey of India, Health & Family Welfare Department and
Fisheries Department, GoK.
• Regarding obtaining MoEF clearance, following is the status;
a) Public hearing was held at Raichur on 16.6.2009
b) Application for environmental clearance was submitted to MoEF on
22.9.2009
c) Long term coal linkage application for allotment of 5.5 mtpa of coal
for 1x800 MW unit has been submitted to the Standing Linkage
Committee (Long Term) on 03-04-2009.
d) MoEF Expert Appraisal Committee meeting held on 10-11-2009 at
New Delhi decided to defer decision in the matter in view of the
non-availability of firm coal linkage and no clarity on the source of
fuel and its characteristics.
e) Coal linkage is awaited.
f) All the required details regarding pre-qualifications and
prioritization for coal linkage sought for by CEA have been
furnished.
LOI has been issued to M/s.BHEL on 25-09-2010. The work will be
commenced after obtaining clearance from MoEF.
13
2. Godhna Thermal Plant at Chhattisgarh (2x800 + 1x800 MW)
���� Govt. of Karnataka vide GO No. EN 80 PPC 2008, dated 15.09.2008 and
EN 134PPC 2008 dated 4.6.2009 has allotted this project to KPCL. This is
a Super Critical Thermal Plant proposed to be implemented at Godhna
Village, NavgadhTaluk, Janjgir – Champa, District, Chhattisgarh State
���� KPCL has signed MoU with Chhattisgarh Government and Chhattisgarh
Power Holding Co. on 8.9.2008. In terms of the MOU, Implementation
Agreement has been signed on 29.6.2010
���� The capacity of the project is 2x800MW in the first phase and 1x800MW in
the second phase. The estimated cost of the project is `9015 crores ( for the
first phase) and it would generate 11914 MU of energy annually.
���� 1260 acres of land is allotted to the project by Government of Chhattisgarh,
out of which, 1028 acres of land is private and Government land is 232
acres.
���� An amount of `105.61 crores including service charges of `2.79 crores has
been deposited with GoC by KPCL towards the cost of the land.
���� 1016.23 acres of private land has been acquired by GoC out of 1028 acres
and disbursement of compensation to land losers at the rate of `10.00 lakhs
per acre by Chhattisgarh Government and an additional compensation of
`3.8 lakhs per acre by KPCL (Totaling to `13.8 lakhs per acre) is in
progress. About 94% progress has been achieved so far.
���� 232 acres of Government land is yet to be handed over to KPCL .
���� Socio economic survey and EIA study is completed.
���� Application for coal linkage has been filed with Ministry of Coal and Coal
linkage is awaited.
���� NOC from Airport Authority, Wildlife & Ministry of Defence have been
obtained.
���� Public hearing has been conducted on 29.07.2010 by Chhattisgarh
Environment Conservation Board. There were no objections regarding the
establishment of the plant. Chhattisgarh Environment Conservation Board
has forwarded the proceedings of the public hearing to MoEF on 28.8.2010.
���� The DPR & REIA reports are ready.
���� Application has been filed with MoEF on 04.09.2010 for Environmental
clearance to the project.
���� 52 M Cum (1.84 TMC) of water per annum has been allotted by GoC for
the project to be drawn from the Mahanadi river.
���� To provide water to the project during the lean season, Chhattisgarh
Government is constructing a barrage across the river near Sheorinarayan
Town and the cost of which is to be shared by three user companies on pro-
rata basis. KPCL has paid `58.15 Crores as its share and the same will be
adjusted towards the water cess to be paid at a later date.
14
���� Agreement has been signed with PGCIL on 05.01.2011 for evacuation of
763MW of power from Chhattisgarh State to Karnataka.
���� KPCL has furnished a Bank Guarantee of `38.15crores at the rate of `5
lakhs per MW to PGCIL.
���� KPCL has signed Transmission service Agreement with PGCIL on
24.1.2013.
���� Power purchase agreement has been signed with Chhattisgarh State Power
Trading Company on 05.01.2011.
���� As a part of CSR activity, a Mobile Health Clinic is in operation and de-
silting of tanks are taken up at the request of Chhattisgarh Government.
3. Tadadi Combined Cycle Power Plant: (2100MW)
� Govt. of Karnataka Vide G.O. No. CI 222 SPI 2009, Bangalore dated
16.11.2009 has accorded approval to establish the 2100 MW Tadadi Gas
based Combined Cycle Power Plant in KumtaTaluk, Uttara Kannada
District.
� Estimated cost of the project is `9587 Crores and it would generate 15637
MU of energy annually.
� Pre-feasibility report prepared and submitted to various Departments for
obtaining clearances.
� 400 acres of land acquired from KIADB and possession of the same taken
over on 02-06-2010.
� NOC from Commodore, Naval Base, Karwar received (Airport clearance).
� Approved TOR received from MoEF, New Delhi on 23-09-2010.
� Topo graphical Survey completed.
� The work of carrying out Environmental Impact assessment (EIA) studies
is entrusted to M/s SENES Consultants, Hyderabad and the work is in
progress. Rapid Environmental Report prepared and submitted to KSPC
with a request to carry out public hearing.
� Detailed Project Report completed.
� The work of examining the technical and commercial aspects involved in
construction of LNG/FSRU and supply of indigenous gas was awarded to
M/s.TGE Gas Engineering. The agency has completed the work and
submitted the feasibility report, Request for participation (RFP) and Gas
supply purchase agreement (GSPA).
� The work of carrying out studies related to design & operational parameters
for offshore facility, location of cooling water intake and outfall,
delineation of HTL-LTL &CRZ clearance, Marine EIA studies,
identification & selection of location for single point mooring and pipeline
was entrusted to National Institute of Oceanography (NIO). NIO has
completed all the works entrusted to them and submitted the reports.
15
4. Gundia Hydel Scheme: (400 MW)
The proposed Gundia Hydel Scheme with an ultimate installed capacity of 400
MW is located in Hassan & Dakshina Kannada Districts. It would generate
906 MU of energy per annum. The cost of the project is `̀̀̀1126. crores.
Techno-Economic clearance is obtained from CEA on 25-04-2008 for Phase-I
(1x200 MW). Clearance from MoEF is awaited.
� GoK allotted the project to KPCL on 06-10-1998.
� Clearances from various Departments of GoK / GoI have been obtained.
� Survey works of Phase-II is under progress.
� The project 1x200 MW- phase-I was considered for the Environmental
Clearance by the Experts Appraisal Committee of the MoEF in its 38th
meeting held on 30-06-2010 and decided to recommend for Environmental
Clearance noting that the Ministry may consider the report of Western
Ghats Experts Committee constituted under the Chairmanship of Prof.
Madhav Gadgil. The Experts Committee has submitted its report to MoEF.
GoK submitted its opinion on this report as called by MoEF.
� Further the MoEF & GoI has now constituted a committee under the
Chairmanship of Dr. K.Kasturirangan, Member (Science), Planning
Commission, New Delhi to prepare and submit an action plan drawing a
roadmap on allowing economic and developmental activities in the Western
Ghats and the Committee held a meeting on 21.08.2012. As desired during
that meeting, the relevant documents are submitted to this new committee.
The high level working group visited the project site on 13.1.2013 and
MoEF has sought some more clarifications. The details have been
furnished. The High Level Working Group (HLWG) under Chairmanship
Dr.K.Kasturirangan has submitted report on 15.04.2013 to MoEF, GoI.
� Clearance from MoEF is awaited.
� The proposal for the diversion of Forest land required for the project is to
be submitted to the Central Government. To firm up such a proposal, the
State Forest Department is carrying out the work of enumeration of trees in
the project area and thereafter the proposal will be submitted to the Central
Government.
5. Shivasamudram Seasonal Scheme (345 MW)
� GoK has accorded approval for establishing the power plant with an
installed capacity of 345 MW by KPCL vide GO No. EN 74 PPC 2008
dated: 07.06.2010
� The estimated cost of the project is `̀̀̀1522.82 Crores and at 90% PLF,
dependable generation is 1119 MU per Annum
� Clearance for the project is received from Fisheries Dept., Archaeological
Survey of India, Dept. of Health& Family Welfare and required water
allotment has been obtained from Government of Karnataka. on 29.03.2011
16
� Application for allotment of 90 Ha of forest Land required for the project
gas been submitted to Forest Dept. in Form A. Allotment is awaited.
� Survey works for all the components of the project completed
� As per approved TOR Environmental Impact Studies conducted draft report
awaited.
� Detailed Project Report of the scheme is submitted to Government of
Karnataka and Central Electric Authority for obtaining Techno Economic
clearance. Observations are being attended.
6. Additional unit at Munirabad Hydro Power Station: (10 MW)
� Government of Karnataka has accorded approval to establish this project
vide order no. EN 134 NCE 2010, Bangalore dt. 18.05.2010
� Environmental clearance for establishment of the project has been accorded
by Department of Forest, Ecology and Environment, Government of
Karnataka on 11.3.2011
� LoI issued on 04.02.2012. Agreement executed with M/s ALLONWARD-
SSIPL-KR & CO. CONTORTIUM, Chennai, to execute the work at a total
cost of `36.32 crores.
� DSPR members have inspected the site and submitted the report. Approval
from Irrigation Department and Water Resource Department has been
obtained.
� Site was handed over to M/s ALLONWARD-SSIPL-KR & CO. on 19-02-
2013.
� Host country approval received and CDM validation is under process.
7. Ghataprabha Hydro Power Project across GRBC of Hidkal Dam (2x10
MW)
� Environmental clearance for establishment of the plant has been accorded
by Department of Forest, Ecology and Environment, Govt. of Karnataka on
14.3.2011
� GOK has allotted 20 MW (2X20) additional units at Ghataprabha Dam
Right Bank canal Vide order no. EN101 NCE 2010/21.01.2013.
� The estimated cost of this 20 MW capacity project is `̀̀̀99.00 crores, which
would generate 40 MUs of energy per annum. Earlier Tender cancelled and
fresh Tender process is on.
8. Wind Energy Projects [500 MW]
KPCL and NTPC have entered in to a ‘MOU’ on 12.01.2009 to Plan and
implement a total of 500 MW Wind Energy Projects in Karnataka. Out of 500
MW wind farm capacity, 400 MW would be put up by NTPC and about 100
MW by KPCL. Consequent to approval by KPCL Board, KPCL consent for
extension of validity of the subject MOU upto 11/01/2015 has been
communicated to the General Manager (REDG)/NTPC Ltd., New Delhi.
17
a) Guledagudda Wind Power Project:
GOK has allotted ‘100 MW’ Wind Power Project at Guledagudda Hill Ranges
to M/s NTPC Ltd., New Delhi vide G.O. No. EN 570 NCE 2009 Bangalore
dated: 25/11/2009. The following works were taken up and got done through
various agencies:
� Topographical survey and Superimposing revenue survey maps on
contour survey drawings and de-marking boundary on ground at
Guledagudda Hill ranges – M/s MAPCON Consultants, Bangalore.
� Micro siting and Energy Estimation of Wind Farming at Guledagudda Hill
Ranges - M/s C-WET, Chennai
� Submission of detailed proposal for power evacuation along with relevant
drawings and processing fees to KPTCL.
� Road alignment and Survey for the Guledagudda Wind Energy Project –
M/s MAPCON Consultants, Bangalore.
Expenditure incurred by KPCL for the above said works has been reimbursed
by M/s NTPC – New Delhi.
M/s C-WET, Chennai have advised M/s NTPC Ltd., New Delhi to take up
fresh Wind Power measurements at Guledagudda Hill Ranges. In view of the
request of M/s NTPC Ltd., Belgaum the 80mtr tall wind mast procured by
KPCL for Kappatagudda was diverted to Guledagudda and in this regard the
advance amount paid by KPCL to M/s C-WET, Chennai has been reimbursed
by M/s NTPC Ltd., Belgaum. Subsequently, M/s NTPC Ltd., New Delhi have
arranged for installation of 80 mtr tall Wind Mast and commenced Wind
measurements at the site from 17.05.2012 onwards.
b) Kappatagudda Wind Power Project:
� Govt. of Karnataka has allocated 39.75 MW out of 56.50 MW proposed by
KPCL vide GoK Order No. EN 569 NCE 2009 Bangalore dated 26.11.2009
to develop additional wind power at Kappatagudda. Amendment to the
subject G.O.K. order dated 26.11.2009 is sought and follow up action is
taken through reminder letters to “KREDL” at regular intervals.
� Topographical survey has been completed by M/s. MAPCON, Consultants,
Bangalore.
� No Objection Certificate for height clearance has been received from
Airports Authority of India, Chennai Airport vide their letter dated:
05.02.2010 in respect of Kappatagudda Wind Energy Project.
� M/s MAPCON, Consultants, Bangalore have completed the Road
Alignment Survey work and handed over all the deliverables to KPCL.
� Detailed proposal for power evacuation was submitted to KPTCL and in
response, Chief Engineer Electricity (TA&QC)/ KPTCL, Bangalore has
communicated approval for the power evacuation scheme vide his letter
dated: 01.07.2010.
18
� M/s C-WET, Chennai were requested to carryout Micrositing and Annual
Energy estimation for the wind farm project proposed at the new area of
Kappatagudda Hill ranges. Accordingly, M/s C-WET, Chennai have carried
out Micrositing and Annual Energy estimation and submitted the final
report dated 09.10.2009. Further, C-WET, Chennai were requested to
carryout Micro siting and Annual Generation Estimation in case of
Installation of higher capacity WTGs in place of the existing units at
Kappatagudda Wind Farm of KPCL. On completion of the works M/s C-
WET, Chennai have submitted the final report dated: 09.09.2010 and stated
that installable capacity would be 9.9 MW (6 X 1.65 MW).
c) Wind monitoring studies at Itnal & Kappatagudda (New Area)
� Wind Mast of 80 mtrs height has been installed and commissioned by C-
WET, Chennai on 9th
October 2010 at the location adjacent to ‘3 MW’
Solar Plant at Itnal Village of Chikkodi Taluk. The wind pattern studies
have been carried out for a total period of two years by M/s. C-WET,
Chennai. Subsequent to collection of data during November 2012, the
Wind Mast has been dismantled and the released materials have been kept
in safe custody at Itnal Solar Plant premises. Subsequently, the fencing,
watchman shed and Gate provided at the location have also been
dismantled and the released materials thereof have been returned to ‘KPCL’
Stores at Ambikanagar. M/s C-WET, Chennai have furnished the final
report on the Wind Monitoring Studies conducted at Itnal site for two years
period vide their letter dated: 25.03.2013.
� Clearance for taking up ‘WRA’ studies at the new area identified at
Kappatagudda hill ranges by installing ’80 mtr’ wind mast is sought from
DCF/Gadag. Inspite of reminder letters and regular personal follow-up, the
clearance is yet to be received from DCF/Gadag.
9. Bidadi Combined Cycle Power Project:
� Government of Karnataka vide order No.EN 78 PPC 2010, Bangalore
dated: 05.07.2011 has accorded approval for implementation of the first
block of Gas based 1 X 700 MW ± 20% Biadadi Combined Cycle Power
Plant on Liquefied Natural Gas(LNG) fuelin Bidadi hobli, Ramnagar
District.
� Estimated cost of the project is `2500 crores and it would generate
5212MU of energy annually.
� EPC bids for the 700 MW ± 20% capacity initiated during August 2012 has
been cancelled and fresh tender process under two stage is initiated in
August 2013.
� Gas Transportation Agreement (GTA) entered into with M/s GAIL on
18.02.2013 for transportation of gas through Dhabol-Bangalore pipeline
laid by M/s GAIL.
19
XXII CCoonnssuullttaannccyy aanndd EEnnggiinneeeerriinngg SSeerrvviicceess DDeeppaarrttmmeenntt [[CCEESSDD]]
The total earnings from Consultancy Services as on March 2013 is `1052.08
lakhs.
The Consultancy works in progress are as follows:
• NTPC Hydro Ltd., - Rammam Stage – III HEP in West Bengal State
• Various lift irrigation schemes of KBJNL
• Kalasa and Bandur Nala Diversion Schemes of KNNL
• Stability analysis of Chamaraja Sagar Dam of BWSSB
• Badanavalu Lift Irrigation Scheme of CNNL
XXIIII MMaannaaggeemmeenntt ooff CCooaall
A. Coal for RTPS
KPCL has established 7 Units of 210 MWs and 1 Unit of 250 MW capacity
in the coal based Thermal Power Station at Shakthi Nagar, near Raichur.
Coal requirement is about 27,000 tonnes per day for operation of eight units
at full load. Supply of coal is from
(i) Singareni Collieries Company Ltd., Andhra Pradesh,
(ii) Western Coalfields Ltd., Maharashtra,
(iii) Mahanadi Coalfields Ltd., Orissa and
(iv) Imported coal.
Coal receipt during the year 2012-13 was 77.387 lakh MT. The specific coal
consumption was about 0.743 Kg/Kwh. The coal receipt details are as
under:
Qty. in Lakh MT
Sl.
No. Source Coal Receipt
I SCCL 24.023
2 WCL 27.411
3 MCL 9.712
4 Imported Coal 15.514
5 Captive coal block of KPCL 0.727
Total 77.387
B. Coal for BTPS
BTPS Unit-I (1 x 500 MW):- Coal requirement is about 7000 MT per day
for operation of the unit-I at full load. Govt. of India has allotted dedicated
coal mines in Wardha Valley of Maharashtra and a joint venture company
of KPCL and EMTA named Karnataka EMTA Coal Mines Limited
(KECML) is developing the coal mines and supplying coal to BTPS.
BTPS Unit-II (1 x 500 MW):- Coal requirement is about 7000 MT per day
for operation of the unit-II at full load. KECML has been requested to
enhance the coal production to 5.00 Million tonnes per annum to meet the
requirement of BTPS-II. Ministry of Coal allocated 9.90 Lakh MT for
20
2012-13 as tapering linkage and informed KPCL that coal for this unit shall
be met from the already allocated captive coal blocks. This tapering linkage
has come to an end by March 2013. However, MoEF clearance for
enhancement is yet to be received. In the meantime SCCL offered 5.00
Lakh MT of coal through Road Cum Rail on MoU basis to BTPS at a price
on par with that offered to NTPC. KPCL accepted to lift the coal so offered
and finalized the coal transportation agencies to move the coal through road
cum rail mode.
Coal receipt for BTPS for the year 2012-13 was 29.029 lakh MT. The
specific coal consumption was about 0.698 Kg/Kwh.
C. Coal Blocks for on going, / New Thermal Projects of KPCL
Ministry of Coal, GoI vide its official memorandum dated 03.07.2013 has
released the Record Note of discussions of the 5th
meeting of Inter-
Ministerial Committee (IMC) held on 07.06.2013 to facilitate the allocation
of coal blocks from the applications received from the Government
Companies/Corporations, wherein coal block at Deocha-
Pachami/2012MT/West-Bengal, with an allocation of 382 million tonnes
has been allocated to KPCL against application for 2x800 MW YTPS,
1X800 MW ETPS, 700 MW BTPS Unit 3 and 2x800 MW Godhana TPS.
XXIIIIII EEvvaaccuuaattiioonn ooff FFllyy AAsshh ffrroomm RRTTPPSS aanndd EEnnvviirroonnmmeenntt PPrrootteeccttiioonn
mmeeaassuurreess::
During 2012-13, KPCL invited tenders for issue of fly ash from RTPS units
1 to 6 and finalized the contract with M/s.ARV Cement Society for issue of
8.00 lakh MT per annum of fly ash at the rate of `215 per MT. KPCL is
issuing fly ash free of cost to many SSI units.
Quantity of fly ash lifted by agencies and SSI units during 2012-13 is as
under:
Qty in Lakh MT
Sl.
No.
Agency
RTPS Unit
Nos.
Quantity
1. M/s ACC India Ltd., 1 & 2 2.211
2. M/s ARV Cement Society 3, 4, 5 & 6 4.375
3. SSI Units 3, 4, 5 & 6 1.096
4. Private Agencies 3, 4, 5 & 6 0.118
5. M/s ACC India Ltd., 7 1.230
6. M/s Lafarge India (P) Ltd., 8 0.070
Total 9.100
Total production of fly ash was 24.974 Lakh MT out of which reclaimable
fly ash was 17.981 lakh MT. The quantity of fly ash lifted was about 9.028
lakh MT and the utilization is 50.20%. The average ash content of the coal
supplied to RTPS was 33.35%.
21
XXIIVV MMaannaaggeemmeenntt IInniittiiaattiivveess ffoorr IImmpprroovveemmeenntt
i) Training
The Corporation emphasizes on the need to update the competencies of its
employees on a continuous basis so as to equip them to keep abreast of
latest developments in the Industry. It lays stress on developing the skills
and competencies of the employees in order to achieve the goals on
economic principles in the competitive environment. With this objective,
the Corporation draws a systematic training plan every year so as to suit the
employees at every level.
During the year 2012-13, 32 in-house training programmes were conducted
and 6 external training programmes conducted by various training agencies.
Important trainings imparted to the employees during the year are as
under:
a) In-house Trainings:
SL. NO. NAME OF THE PROGRAMME
1 Management of Hazardous waste, Used Batteries & E Waste
2 Right to information Act
3 Boiler control
4 Going Beyond the circumstances
5 Kidney to prostrate disease/urology
6 Energy conservations and Audit
7 Elimination of Distribution Problem & Battery charger Maintenance
8 Tax Management
9 KTPP Act & RTI Act Proactive & Procedure
10 Turbine, Generator, Switchgear, Transformer in Hydro Power Station
11 Corporate communications & Organization Development
12 Total Productive Maintenance
13 Preventive Management of Electrical Equipments
14 Effective Material Management
15 Dual responsibility home & office
16 Project Management
17 Anger Management for better work & Health
18 Finance for non-finance executives
19 Renewable energy
20 Current Trend in Quality Management
21 Attitudinal change
22
Efficient operation & Maintenance of Boiler Latest trend &
Technologies
23 Safety Awareness & Stress Management
24 Refresher Training Programme for Internal Auditor
22
25 Shuttle Management
26 Efficient Team Work
27 Transformer Design, Testing & Maintenance
28 Change Management
29 Problem solving & Decision Making
30 Workshop on Auto Desk Software
31 Activity Based costing
32 Relay Protection
c) External Trainings
Sl. No. Name of the Programme
1
Super Critical Maintenance & Trouble Shooting of Pipe System,
Turbine & Boiler
2 Thermal Power Plant Environmental Issues, Challenges & Solutions
3 Domestic Enquiry, Disciplinary Action and Discipline
4 Tunneling Asia – 2013
5 Dam Safety & Rehabilitation
6 250 MW Hydro Plant Operation Training in Simulator
Education Cum R & D Training Centre:
c) National Training Centre for Solar Technology:
� KPCL has implemented four Solar Photo Voltaic Power Plants in
Karnataka viz., in Kolar, Belgaum & Raichur District-3MW each and 5
MW in Mandya District totaling 14 MWs which are first of its kind in the
country.
� In recognition of KPCL’s initiative to set up solar plants, MNRE. New
Delhi has appreciated the same and sanctioned National Training Centre for
Solar Technology to KPCL. It is an Education cum R&D training Centre.
MNRE has also released `1,00,00,000/- as initial fund for the training
programme.
� The objective of the training programme is to impart knowledge to the
Entrepreneurs / Developers /Consultants / Manufactures and suppliers of
solar Systems regarding setting up of solar PV plants in the country and
give an insight regarding the various technologies of solar power,
installation and commissioning procedures, design, construction and O&M
issues and Government Polices and Latest developments in the field of
Solar and Renewable Energy Sector.
� Smt. Shamim Banu, IAS, Addl. Chief Secretary (Energy) GOK and Dr.
Bhargava, Director-MNRE, inaugurated the first training, programme on
19.09.2011.
� Till date 12 Batches of training programme have been conducted and 425
participants are trained and benefitted.
23
� The training programme consists of four days of class room training and
two days of site visit to local manufacturing factory and visit to grid
connected solar plant established by KPCL at Kolar/Shivasamudram.
� A 5 kW solar PV Roof Top Power Plant (3 kW Crystalline and 2 kW Thin
Film Technology) Grid /Stand Alone system has been installed on the roof
top of Yelahanka DG Plant administrative building for demonstration
purpose as a part of training programme.
d) Technical Assistance to the Government and Public organizations:
Sl.No. Organisation Subject
1. Sainik School,
Bijapur
Proposal for 100 kW Solar
Rooftop Power Plant
2. Karnataka Niravari Nigam
Limited
20 kW Wind Solar Hybrid
System to install at Chitradurga
on the top up KNNL Building
3. Koppal Gavi Mutt To install 500 SPV Thin film
Module about 25 kW in the
premises of Gavi Mutt at Koppal
4. Karnataka State Natural
Disaster Monitoring Centre
(KSNDMC), Bangalore
Proposal for 80 kW Solar
Rooftop Power Plant
e) Seminars and Conferences/ workshops and Training Programs:
KPCL has been providing expert faculty to various Govt./Private Esteemed
organizations to propagate Solar and Renewable Energy Technology.
ii) Career Growth
On implementation of career growth scheme, employees were upgraded/re-
designated as under during the year:
To the level of EEs & Eqv. 33
To the level of AEEs & Eqv. 01
To the level of AEs & Eqv. 39
To the level of AAOs & OMs -
Workmen levels 248
iii) Deputation to foreign countries
Nil
iv) Deputation of employees to other organisations
The services of the employees of the Corporation are sought by GoK and
other Organisations. During the year, services of 21 Engineers, 5 non-
engineering officers were spared on deputation basis.
24
XXVV EEmmppllooyyeeeess SSttrreennggtthh
* Employees Retirement/VR/Resignation/Expired taken from 01.04.12 to
31.03.13
** Including 3 employees of erstwhile VVNL on 31.03.2013
Break up in Corporate Cadre
Engineering Professionals - 1945 Other Professionals - 508
XXVVII PPuubblliicc DDeeppoossiittss
The Corporation has stopped accepting the deposits from Public from Nov.
2002. Deposits from past and present employees were accepted/renewed till
September 2005. At the end of the year, unclaimed deposits stood at `12.82
lakhs. Unclaimed deposits over 7 years have been transferred to Investors
Protection & Education Fund.
XXVVIIII AAuuddiittoorrss
(i) Statutory Auditor:
The C&AG have appointed M/s Ramraj & Company, Chartered
Accountants, as the Statutory Auditors for the year 2012-13. The
auditors visited all accounting units, verified the records, obtained
explanations and finalised the audit work in a reasonable time.
(ii) Internal Auditors:
External Chartered Accountants were appointed during the year
2012-13, in order to strengthen the Internal Audit at RTPS, BTPS
and Hydro stations.
Particulars of employees As on
31.3.2013
As on
31.3.2012
Total strength ** 5883 6041
Corporate 2453 2382
Workmen 3427 3642
Deployment on Construction & Erection 599 623
Deployment on O & M 2733 2694
Deployment on auxiliary service 2548 2707
Entry of employees 281 63
Exit of employees * 404 306
Exit of employees under VRS Nil Nil
SC employees – in percentage 15.61% 15.56%
ST employees – in percentage 3.29% 3.38%
Handicapped employees in percentage 0.79% 0.64%
Ex-servicemen 0.47% 0.46%
Man/MW ratio 0.91 1.0
25
(iii) Cost Auditor:
Government of India has introduced cost audit for Generation
Companies from financial year 2005-06. The Company has
appointed M/s KPR & Associates, Cost Accountants as Cost
Auditors for the year 2012-13. Cost Auditors have carried cost audit
and have furnished their report and the same will be filed with MCA
after taking the same on record.
XXVVIIIIII RReevviieeww bbyy tthhee CCoommppttrroolllleerr && AAuuddiittoorr GGeenneerraall
Comments on working results of the Corporation by the Comptroller and
Auditor General of India, forming part of this will be appended when
received.
XXIIXX PPaarrttiiccuullaarrss aass ppeerr CCoommppaanniieess ((PPaarrttiiccuullaarrss ooff EEmmppllooyyeeeess)) RRuulleess 11997755
aanndd aass aammeennddeedd
None of the employees of the Company was in receipt of remuneration
amounting to `60,00,000 and above per annum or at the rate of `5,00,000
and above per month during the financial year.
XXXX SSuubbssiiddiiaarryy CCoommppaannyy aanndd aalllliieedd aaccttiivviittiieess
The Corporation has two Subsidiary Companies, viz.: (i) KPC Bidadi
Power Corporation (Private) Ltd. & (ii) Karnataka EMTA Collieries Ltd.
which have been established to implement the combined cycle project at
Bidadi as a joint venture and for development of new coal block to be
allotted to KPCL respectively. Statements as required under Section 212 of
the Companies Act are appended.
XXXXII IITT aanndd CCoommppuutteerriizzaattiioonn
The Corporation has taken a number of IT initiatives to meet its business
commitments. Some of the IT activities/infrastructure as detailed below:
1. Hardware platform:
� Provided Blade Servers and Rack Servers with windows 2008 at corporate
office and major projects.
� Provided Core to Duo/i3 PCs with Windows 7 and MS office 2010
software and printers up to the level of Executive Engineers and all critical
users at corporate and major project offices.
� Purchase order placed for supply and installation of 214 no. PCs with
Windows 8 and MS office 2013 and 354 no. Printers (including copiers, fax
machine and scanners).
2. Connectivity:
� Established OFC connectivity between all major power houses and office
complex, Local Area Network and Wide Area Network through
MPLS/MLLN circuits of BSNL at corporate and major project offices.
26
� Provided internet and mailing up to the level of Executive Engineers and
critical users.
3. Application Software:
The application software developed and implemented are:
a) Fuel Management System
b) Integrated Inventory Management System
Owing to many changes in government policies, increased
number of projects, KTPP act, e-portal procedures and increased
number of spares due to technological changes made to modify
the entire IIMS package to suit to present day conditions without
deviating the KPCL’s administrative procedures in vogue
modified IIMS to suit the requirement of RTPS and BTPS with
the following major features and implemented:
i. standardized the procedure/functions/ activities performed
on inventory management.
ii. defined the responsibilities / accountability.
iii. increased the speed of processing of purchase of materials.
iv. introduced “Material Requirement Planning”.
v. To move towards paperless transaction in inventory
management
c) Cash & Compilation Management System
Implemented the CCMS package at GTPS and KPCL-Bidadi
offices.
d) Salary & Pension
e) Provident Fund
f) Generation Management System
g) Bank Guarantee Management System
h) Human Resource Information System
i) Disciplinary Proceedings System
j) In-house Training System
k) Fixed Asset Management System (Development outsourced and
maintenance in-house)
l) Hospital Management System
m) Projects Generation Monitoring System
n) Stores Accounting System(RTPS)
o) Plant Monitoring System(RTPS)
p) Inward and outward
q) Schedule of Rates (Civil works completed, Electrical works under
development)
r) On-line submission of applications for recruitment of Engineers
s) Website
4. Other software:
AutoCAD, STAAD, Adobe software and e-tab are being used extensively at
Design offices. Oracle 9i/11g database, Oracle 10g Application server, Oracle
Forms 6i and Reports 6i are used for application software.
27
5. E-procurement:
Government of Karnataka e-procurement portal is being used for procurement
of goods and services as per the transparency act at corporate office and
projects as per KTTP Act.
XXXXIIII CCoorrppoorraattee CCoommmmuunniiccaattiioonnss
� Various publications have been brought out
� Media Relations: Maintaining goods rapport with print & Electronic media,
news papers have published good articles on KPCL progress
� House magazine “Shakthivahini” being published regularly to maintain
internal relations, communication and motivating the hidden talent s of
employees
� Organized various meetings, functions and seminars, brainstorm session
� Corporate film & laser show on KPCL were produced and screened during
the annual day and other occasions and was attracted by the public. And
Annual Report, Corporate Brochure and occasional brochures were also
published
� Corporate image building in news paper and magazines released on
important occasions.
� Develops relevant literature and documents of the company
� Enhance the image of KPCL through various sponsorship and financial
assistance to educational institutions, associations, hospitals, district
festivals, sports personnel, and blind associations/orphanages at community
service measures
� Constant upgrading the image of the company and maintain cordial
relations with opinion makers and pressure groups etc.
XXXXIIIIII IImmppoorrttaanntt EEvveennttss
03.04.2012 Maximum hydro generation of 60.16 mu per day
21.06.2012 Cheque for `10 crore handed over to the Hon,ble Chief
Minister being the Contribution to the Chief Ministers
Relief Fund at the Board of Directors Meeting.
22.06.2012 Dr. B R Ambedkar Jayanthi celebrated at Bangalore
25.06.2012 5 MW Solar PV Plant at Shivasamudram
commissioned at Belakavadi, Mandya District.
20.07.2012 KPCL 43rd
Foundation Day Celebration held at
Jnanajyothi Auditorium, Bangalore
25.07.2012 Appointed Sri Jagadish Shettar, Hon’ble Chief
Minister, as Chairman of the Corporation.
15.08.2012 66th
Independence Day celebrated at KPCL H.O.
Bangalore
Aug 2012 BTPS 2nd
Unit synchronised by using coal
02.09.2012 Kumari Shobha Karandlaje, Hon’ble Energy Minister,
GoK and Vice Chairperson, KPCL dedicated to the
Nation the 3 MW Solar PV Plant at Yapaladinni,
Raichur District
28
15.09.2012 Birth anniversary of Sir M Visveswarayya celebrated,
Kumari Shobha Karandlaje, Hon’ble Energy Minister,
GoK and Vice Chairperson, KPCL addressed the
gathering
30.10.2012 KPCL pay scale revision negotiation meeting was held
in the presence of Labour Commissioner with KPCL
management and Employees Unions.
07.11.2012 As per GoK order No. EN 72 PPC 2012 dated 27th
August 2012 Karnataka State Coal Mining Company
Limited incorporated as a Joint Venture company of
M/s KPCL & M/s MML
19.11.2012 Parliamentary Committee of Bavria State of Germany
visited KPCL
26.11.2012 Boiler works of BTPS Unit 3 (1x700 MW)
commenced
28.11.2012 Construction works of 2nd
Unit of Yermarus project
(2x800MW) commenced
16.01.2013 Extraordinary General Meeting of shareholders
21.01.2013 Maximum daily generation of 22.414 mu generated
from BTPS units
23.01.2013 Financial Closure between KPCL and Rural
Electrification Corporation for funding the works of
BTPS Unit 3
26.01.2013 64th
Republic Day celebrated at all projects and at the
R.O.
05.02.2013 Shri Supreeth Bhattacharya, IAS, Managing Director -
M/s Singareni Colleries held discussions with MD-
KPCL regarding coal supplies
18.02.2013 Discussions held regarding supply of gas to Bidadi
combined cycle project in the presence of Sri
Veerappa Moily, Hon’ble Minister for Petrolium and
Natural Gas, GoI, and the officials from GAIL
18.02.2013 2nd
Unit of Bellary Thermal Power Station started
commercial operation
23.02.2013 KPCL Annual Report of 2012 bagged Silver Award
from Public Relations Council of India
13.05.2013 Shri Siddaramaiah, Hon,ble Chief Minister, GoK
appointed Chairman of KPCL
22.06.2013 Dr. B.R. Ambedkar Jayanthi celebrated at Bangalore
20.07.2013 KPCL 44th
Foundation Day celebration celebrated at
Chowdaiah Memorial Hall, Vaiyalikaval, Bangalore
29
XXXXIIVV DDiirreeccttoorrss’’ RReessppoonnssiibbiilliittyy SSttaatteemmeenntt
Pursuant to Section 217(2)(AA) of the Companies Act 1956, the Directors
wish to state that to the best of their knowledge:
i) in the preparation of the annual accounts for the year ending 31st March
2013, the applicable accounting standards have been followed along
with proper explanation relating to material departures;
ii) accounting policies have been selected and applied consistently and
made judgments and estimates that are reasonable and prudent so as to
give a true and fair view of the state of affairs of the company at the end
of the financial year and of the profit or loss of the corporation for the
period under review;
iii) proper and sufficient care has been taken for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act 1956 for safeguarding the assets of the company and for
preventing and detecting fraud and other irregularities; and
iv) Annual Accounts for the year 2012-13 have been prepared on a going
concern basis.
XXXXVV GGeenneerraall
The Board would like to place on record its appreciation of the following:
� Government of India, Government of Karnataka, the Comptroller &
Auditor General of India and other agencies such as CEA, CWC,
Registrar of Companies, KERC, Statutory Auditors and Cost Auditors
for their assistance, guidance and cooperation;
� Commercial Banks such as State Bank of India, Canara Bank,
Syndicate Bank, State Bank of Mysore, Vijaya Bank, Union Bank of
India, ICICI Bank, IDBI Bank, Bank of Baroda, Punjab National Bank,
Indian Overseas Bank, Central Bank of India, Federal Bank, Allahabad
Bank, Bank of India, ING-Vysya Bank, State Bank of Patiala, State
Bank of Travancore, Andhra Bank, Corporation Bank, State Bank of
Hyderabad, UCO Bank, United Bank of India, Indian Bank, Dena
Bank, State Bank of Bikaner & Jaipur, South Indian Bank, Oriental
Bank of Commerce, Karnataka Bank, Jammu & Kashmir Bank,
Lakshmi Vilas Bank, Karnataka State Co-operative Apex Bank, The
Dhanalakshmi Bank, Kotak Mahindra Bank, Punjab & Sind Bank,
Karur Vysya Bank, Development Credit Bank, Bank of Maharastra,
and financing agencies such as LIC, PFC, REC, IDFC, SIDBI,
HUDCO, SAIL, ICICI Home Finance, HDFC for their financial
support;
� KPTCL, ESCOMS, PCKL, SLDC, RLDC and Electrical Inspectorate
for their co-operation;
� General public, for supporting the activities of the company;
30
� Employees’ Unions and Associations, for their collective participation;
� Media – both electronic & print media for their efforts in spreading the
awareness amongst the stake holders.
The Board would also like to place on record its appreciation of the
dedicated services rendered by the employees of the Corporation.
for & on behalf of the Board of Directors
(Siddaramaiah)
Chairman
Bangalore
Dated: 26.08.2013
31
((DDiisscclloossuurree ooff ppaarrttiiccuullaarrss iinn tthhee rreeppoorrtt ooff DDiirreeccttoorrss)) RRuulleess 11998888
FFOORRMM –– BB
1) Research and Development (R & D)
A) Innovative activities: a. Testing of transformer oil for condition monitoring in all the KPCL project sites has
been done by utilizing mobile testing facility of CPRI, Bangalore.
b. Transformer oil regeneration plant is being utilized to increase the life of the
transformer oil and transformer.
c. Replacement of numerical relays in Sharavathy and Nagjhari power houses as a part
of renovation and Modernization works.
d. Remote control of Mani Dam Power House from Varahi Under Ground Power House
done.
e. Special protection scheme for depleted network in respect of SGS/NPH and VUGPH
is being adopted for grid stability.
f. 400KV shunt reactors are being provided for station bus at RTPS as per CEA
directions to curtail high voltage of the system during off peak hours.
g. Protection Audit for the all stations done as desired by CEA to ensure grid security.
h. In all the power houses and colonies/project areas of the corporation incandescent
bulbs have been phased out and are replaced with energy efficient compact
fluorescent lights as a measure for energy savings. Also, wherever possible
retrofitting of existing tube light fittings are being replaced with T5 and T8 version of
fluorescent tubes with electronic ballast.
i. Stress analysis of wye piece of VHEP is being done by M/s CWPRS, Pune for
assessing the performance and healthiness of the structure.
B) R, M and U and R and M of Hydel Stations:
a. The corporation has taken up R and D activities i.e., R, M and U of existing
generating units through improvements and also to adopt new technology for
higher efficiencies in operation and maintenance of plants.
b. Renovation and modernization of existing plants is being completed on a
phased manner.
c. New construction techniques are being adopted for speeding up constructing of
ongoing and new power projects.
d. KPCL intends to provide power supply to its project colonies directly from
respective generating stations as per KERC guidelines, by installation of
additional infrastructure, there by cost saving and reliability of power supply
will be achieved to KPCL colonies, since ESCOMs are charging commercial
rate tariff for the power consumption of KPCL colonies. In this regard, works
in respect of Shaktinagar colony, Gerusoppa colony and kadra Colony
completed. It is progress at Ambikanagar Colony. NIT issued for Sharavathy
Complex.
e. R, M and U of five units NPH has been completed. Installed capacity has been
increased from 810MW to 885MW. R, M & U U#6 has been taken from
December 2012 and is in progress. It will add another 15MW capacity to grid.
f. The R and M works of 2X12MW capacity river bed units of Bhadra
hydroelectric project has been taken up and almost all the components of the
unit except generator portion are being refurbished/replaced with the
equipment of latest technology for providing efficient operation.
32
C) R, M and U and R and M of Thermal Stations:
a. Keeping MDBEP in the idle conditions / standby mode by achieving the
required permissive of casing temperature
b. Stopping hot well make up pump / selecting it on ‘Group selection mode
thereby double pumping has been avoided.
c. During cold start ups boiler drum filling through CEP, during non-availability
of MDBEP is explored & carried out thus saving aux. consumption.
d. Layout modification of ACV’s of TDBFPs for running the unit through PRDS
and CRH at low load & also enabling the unit start up and synchronization
during the non-availability of MDBFP.
e. During unit overhauling air compressor operation is enabled by
interconnection of DMCW SG/TG system.
f. Modification of LPBP operational scheme to avoid repeated boiler tripping on
re-heater protection during turbine trips.
g. Excavator movement enabled around WT grizzly area for accumulated coal
removal during monsoon thus reducing manpower & demurrage charges.
h. Modification of ‘S’ bend chutes in JNT 2 & diamond chutes in crusher house
to avoid frequent chute chockages.
i. Explored & implemented alternative routes through PLC logic for coal
transportation & thus reducing demurrages & avoiding no coal trips.
Routes available
Before modification
Single routes
After modification
parallel routes
Stacking route WT – 1 to ABCD bunkers
WT – 2 to EFG bunkers
Reclaiming route WT – 1 to ABCD bunkers
WT – 2 to Stacking
By pass route WT – 1 to ABCD bunkers
SCR reclaiming to EFG
ERH WT - 1 to ABCD bunkers
ERH to EFG bunkers
SCR to ABCD
ERH to EFG
WT - 1 to ABCD bunkers
WT – 2 to EFG + SCR
WT - 1 to ABCD
WT – 2 to Stacking
ERH to EFG bunkers
j. 1.8 m ht. RCC wall constructed above pavement level around coat stack yard
preventing spreading of coal thereby avoiding environmental pollution.
k. DMCW make up valve opening & closing logic based on level switch input is
modified to input taken from level transmitter for reliability.
33
l. Installed Reydisp Evolution Software in Rho3 motor protection relays for HT
motors and used to analyze & diagonise the faults in motors and vacuum
contactors.
m. Interconnection of Maralihalla & RWP pipeline & fore bay make up of uni 1
& 2 by gravity flow arrangement is made hence minimizing auxiliary
consumption and more reliability in O&M of unit-1 & 2 activities.
n. On line weather monitoring – weather station equipment/ installed for
observing continuous weather status such as wind direction, humidity,
temperature, rainfall and other environmental issues.
o. 2 no. additional bottom ash hopper disposal lines for each clinkers grinder
established for clearing bottom ash from individual hoppers.
p. Unit 1-Lifting beam provision with necessary hooking arrangement with
suitable stand and maintaining almost equal sizes of fine screen is provided for
easy maintenance & to overcome operational problem in lifting & lowering of
screens during maintenance operations.
q. Unit 2-Pyramid type north light structures erected at (power house roof top) in
place of doom shape north light structures to avoid water leakages.
r. Earlier, the raw water pond with a capacity of 0.52 TMC was proposed only
for two units. Raw water pond constructed with a minimum area of 112 ha for
housing 0.52 TMC of water capacity by increasing the depth of embankment.
s. Construction of 1200 quarters / non-residential buildings is under progress
within the premises of plant itself.
t. Mills trip on loss of primary air is taken from pressure switches, the same has
been modified and trip contacts taken from 2/3 contacts of pressure
transmitters for more reliability.
u. Auto opening of vacuum breaker logic modified to avoid unnecessary
reduction in vacuum during turbine trip.
D) New projects:
KPCL is implementing the following new projects
i. 1x10MW additional generating unit at Munirabad power house. Work has
been awarded and site has been handed over to contractor for implementation.
Works are in progress at site. Model test report approved. Detailed engineering
is in progress.
ii. 2x10MW additional Generating units at Ghataprabha right bank canal power
house has been allotted to KPCL by GoK. ICB notification has been issued for
implementation of the project.
E) Proposed Projects:
i. Run off river scheme at Cauvery right branch near Shivasamudram comprising
of an underground power house of 3X100MW capacity followed by a surface
power house of 3X15MW capacity has been envisaged and DPR submitted to
CEA.
ii. DPR for 1x200MW Gundia HEP has been approved by CEA. It is proposed to
be taken up after clearance from MOEF.
34
F) New proposals:
i. Matrix turbines are being envisaged for augmentation of generation in
Chakra/Savehaklu diversion scheme.
G) Benefits derived as a result of above R and D are as follows:
R, M and U of existing generating units will result in capacity addition at lower capital
investments and also result in reducing the failure rate of generating units.
2. Energy Conservation, Technology absorption, Adaptation and
Innovation:
a) Reduction in Auxiliary consumption and improvement in heat rate is being constantly
given priority.
b) Energy audit has been taken up at RTPS by CII (Confederation of Indian Industries,
Hyderabad). Preliminary reports have been submitted on various issues for energy
savings, PLF improvement, auxiliary consumption reduction etc. Implementation
based on the above report is under process.
c) Maximum utilisation of fly ash has been given top priority.
Highlights of Generation during the year:
a. Maximum hydro generation of 60.16mu per day done on 3.4.2012.
b. Maximum generation of 22.414mu (93.4%PLF) per day done at BTPS
on 21.1.2013.
c. COD declared for BTPS Unit-2 with effect from 18.2.2013.
3. Foreign Exchange:
a) Foreign exchange earnings - Nil
b) Foreign exchange outgo:
i) Components and spare parts - `4.59 crores
ii) Delegate fees - `0.11 crores
Total: - `4.70 crores
******
35
KKaarrnnaattaakkaa PPoowweerr CCoorrppoorraattiioonn LLiimmiitteedd
SSttaatteemmeenntt PPuurrssuuaanntt ttoo SSeeccttiioonn 221122 ooff tthhee CCoommppaanniieess AAcctt,, 11995566,, rreellaattiinngg ttoo
SSuubbssiiddiiaarryy CCoommppaannyy
1 Name of the Subsidiary … KPC Bidadi Power Corpn. Pvt. Ltd.
2 Financial year ended … March 31, 2013
3 Holding company’s interest … 100% equity
4 No. of shares held … 1,40,50,000 equity shares of `10/- each
fully paid up.
5 The net aggregate of profits or losses for the current financial year of the subsidiary
so far as it concerns the members of the holding company –
a) Dealt with or provided for in the accounts of the holding company: nil
b) Not dealt with or provided for in the accounts of the holding company: nil
6 The net aggregate of profits or losses for previous financial year of the subsidiary so
far as it concerns the members of the holding company
a) Dealt with or provided for in the accounts of the holding company: nil
b) Not dealt with or provided for in the accounts of the holding company: nil
7 Statement Pursuant to Section 212(5) of the Companies Act, 1956, relating to
Subsidiary Company
a) There has been no change in the holding company’s interest in the subsidiary
between the end of the financial year of the subsidiary and that of the holding
company.
b) There has been no material change which has occurred in respect of the following
in the case of the subsidiary between the end of the financial year of the
subsidiary and that of the holding company:
i) Fixed assets of the subsidiary
ii) Investments of the subsidiary
iii) Moneys lent by the subsidiary
iv) Moneys borrowed by the subsidiary for any purpose other than that of
meeting current liabilities.
sd/- sd/- sd/-
R Balasubramanian R Nagaraja MR Kamble
GM(CA)& Comp. Secretary Finance Director Managing Director
36
KKaarrnnaattaakkaa PPoowweerr CCoorrppoorraattiioonn LLiimmiitteedd
SSttaatteemmeenntt PPuurrssuuaanntt ttoo SSeeccttiioonn 221122 ooff tthhee CCoommppaanniieess AAcctt,, 11995566,, rreellaattiinngg ttoo
SSuubbssiiddiiaarryy CCoommppaannyy
1 Name of the Subsidiary … Karnataka EMTA Collieries Ltd.
2 Financial year ended … March 31, 2013
3 Holding company’s interest … 51% equity
4 No. of shares held … 25,500 equity shares of `10/- each
fully paid up
5 The net aggregate of profits or losses for the current financial year of the subsidiary
so far as it concerns the members of the holding company –
a) Dealt with or provided for in the accounts of the holding company … nil
b) Not dealt with or provided for in the accounts of the holding company.. nil
6 The net aggregate of profits or losses for previous financial year of the subsidiary so
far as it concerns the members of the holding company
a) Dealt with or provided for in the accounts of the holding company … nil
b) Not dealt with or provided for in the accounts of the holding company .nil
7 Statement Pursuant to Section 212(5) of the Companies Act, 1956, relating to
Subsidiary Company
a) There has been no change in the holding company’s interest in the subsidiary
between the end of the financial year of the subsidiary and that of the holding
company.
b) There has been no material change which has occurred in respect of the following
in the case of the subsidiary between the end of the financial year of the
subsidiary and that of the holding company:
i) Fixed assets of the subsidiary
ii) Investments of the subsidiary
iii) Moneys lent by the subsidiary
iv) Moneys borrowed by the subsidiary for any purpose other than that of
meeting current liabilities.
sd/- sd/- sd/-
R Balasubramanian R Nagaraja MR Kamble
GM(CA) & Comp. Secretary Finance Director Managing Director
37
KKaarrnnaattaakkaa PPoowweerr CCoorrppoorraattiioonn LLiimmiitteedd
SSttaatteemmeenntt PPuurrssuuaanntt ttoo SSeeccttiioonn 221122 ooff tthhee CCoommppaanniieess AAcctt,, 11995566,, rreellaattiinngg ttoo
SSuubbssiiddiiaarryy CCoommppaannyy
1 Name of the Subsidiary … Karnataka State Coal Mining Company Ltd.
2 Financial year ended … March 31, 2013
3 Holding company’s interest … 74% equity
4 No. of shares held … 49,400 equity shares of `10/- each
fully paid up
5 The net aggregate of profits or losses for the current financial year of the subsidiary
so far as it concerns the members of the holding company –
a) Dealt with or provided for in the accounts of the holding company: nil
b) Not dealt with or provided for in the accounts of the holding company: nil
6 The net aggregate of profits or losses for previous financial year of the subsidiary so
far as it concerns the members of the holding company
a) Dealt with or provided for in the accounts of the holding company: nil
b) Not dealt with or provided for in the accounts of the holding company: nil
7 Statement Pursuant to Section 212(5) of the Companies Act, 1956, relating to
Subsidiary Company
a) There has been no change in the holding company’s interest in the
subsidiary between the end of the financial year of the subsidiary and that of the
holding company.
b) There has been no material change which has occurred in respect of the
following in the case of the subsidiary between the end of the financial year of the
subsidiary and that of the holding company:
i) Fixed assets of the subsidiary
ii) Investments of the subsidiary
iii) Moneys lent by the subsidiary
iv) Moneys borrowed by the subsidiary for any purpose other than that of
meeting current liabilities.
sd/- sd/- sd/-
R Balasubramanian R Nagaraja MR Kamble
GM(CA)& Comp. Secretary Finance Director Managing Director
top related