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Cover Story | September 2011

The Power List

The 50 power companies from T&D, generation, renewables and engineering.

The Power Ministry had set a capacity addition target of 78,000 MW for the 11th Plan which was later reduced to 62,000 MW. The current capacity addition has been 34,462 MW till FY2011. On the transmission and distribution side, the Planning Commission felt that major investments were required in the segments in the days to come. It also formed a committee to report on the need for Public Private Partnership (PPP) in distribution. In such a scenario where there are more private players than ever before and on the occasion of Power Today's third anniversary, we've put together an exclusive issue - a list of 50 companies in generation, transmission and distribution, renewables and engineering, including EPC.

In the list, we have included revenue, net profit and installed and planned capacity along with a brief company profile, with details of their USP. So read on...

Background

What better way to ring in an annual than a list? It is fun to read and laborious to compile. In the next few pages, some companies that beat their competition and proved to be heads above the other companies have been listed.

Generation
 
NTPC

Revenue Rs 54,874.00 Cr
Net profit Rs 9,102.59 Cr
Capacity 30,830 MW
Planned capacity 128,000 MW

NTPC, India's largest power company, was set up in 1975 to accelerate power development in India. It is emerging as an integrated power major, with a significant presence in the entire value chain of generation. It ranked 341st in the '2010 Forbes Global 2000' ranking of the world's biggest companies. With a current generating capacity of 34,854 MW, it has embarked on plans to become a 75,000 MW company by 2017 and has set a target for an installed generating capacity of 128,000 MW by 2032. Apart from generation it has already ventured into consultancy, power trading, ash utilisation and coal mining. It became a Maharatna company in 2010, one of only four companies to be awarded this status. Although it has 17.75 per cent of the total national capacity, it contributes 27.40 per cent of total power generation due to its focus on high efficiency.

Maharashtra State Power Generation Company

Revenue Rs 11,083.25 Cr
Net profit Rs 203.39 Cr
Capacity 9,996 MW
Planned capacity 5,504 MW

The Maharashtra State Power Generation Company has been incorporated under the Indian Companies Act 1956 pursuant to the decision of the Maharashtra government to reorganise the erstwhile Maharashtra State Electricity Board (MSEB). The said reorganisation of MSEB has been done by the Maharashtra government pursuant to Part XIII read with Section 131 of the Electricity Act 2003. Mahagenco was incorporated on 31 May 2005 with the registrar of companies in Mumbai, Maharashtra and obtained a certificate of commencement of business on 15 September 2005. Mahagenco is engaged in generation and supply of electricity and has been vested with generation assets, interest in property, rights and liabilities of MSEB as per a gazette notification dated 4 June 2005 pursuant to Section 131 of the Electricity Act 2003.

Tata Power

Revenue Rs 6,918.48 Cr
Net profit Rs 941.49 Cr
Capacity 2,975 MW
Planned capacity 8,000 MW

Tata Power is India's largest integrated private power company with consolidated revenues of Rs 19,450.76 crore for FY ended 31 March 2011. Founders of Tata Power pioneered the generation of electricity with the commissioning of India's first large hydel project in 1915. Today, the company has a presence across the entire value chain in generation (thermal, hydro, solar and wind) T&D and trading. It has to its credit the installation of India's first 500 MW unit at Trombay and now it is bringing the first 800 MW super-critical unit at Mundra in Gujarat. At 1.9 per cent, its T&D losses are among the lowest in the country. Also, in case of a grid failure, it ensures uniterrupted power supply within city limits due to its unique 'Islanding system'. Its growth plans include taking its current installed capacity to about 3,000 MW. In the next 3 years, it plans to add 8,000 MW.

Nuclear Power Corporation

Revenue Rs 6,897.00 Cr
Net profit Rs 1,248.00 Cr
Capacity 4,780 MW
Planned capacity 4,800 MW

Nuclear Power Corporation of India (NPCIL) is a public sector enterprise under the control of the Department of Atomic Energy (DAE). It was registered as a public limited company under the Companies' Act, 1956, in September 1987 to operate atomic power stations and implement projects for generation of electricity under the Atomic Energy Act, 1962. It is responsible for the design, construction, commissioning and operation of nuclear power reactors and presently operates 20 N-power reactors with an installed capacity of 4,780 MW. Currently, it has four reactors under various stages of construction totalling 3,400 MW capacity and 1,400 MW (RAPP-7&8) is to be prepared by mid-2011. It completed TAPS-3&4 and KGS-3 with gestation periods matching international level achievements. It also intends to contribute towards other energy sources like wind and hydro power.

Torrent Power

Revenue Rs 6,582.85 Cr
Net profit Rs 1,065.72 Cr
Capacity 1,648 MW
Planned capacity 1,600 MW

Torrent Power is one of the leading brands in the Indian power sector, promoted by the Rs 9,592 crore Torrent Group. It took-over an ailing cable company in 1989 (now known as Torrent Cables) and turned it around. It acquired two of India's oldest utilities Surat Electricity Company and Ahmedabad Electricity Company and turned them into first-rate power utilities comparable with the best, in terms of operational efficiencies and reliability of power supply. It distributes power to over 3 million customers annually in Ahmedabad, Gandhinagar, Surat, Bhiwandi and Agra. It created history by entering into the country's first distribution franchisee agreement with Maharashtra State Electricity Distribution Company for Bhiwandi Circle in 2006. It has been awarded the franchise for Agra and Kanpur in Uttar Pradesh and begun distribution operations in Agra.

AP Power Generation Corporation

Revenue Rs 6,434.22 Cr
Net profit Rs 288.66 Cr
Capacity 8,923.9 MW
Planned capacity NA

Andhra Pradesh Power Generation Corporation (APGenco) is one of the pivotal organisations of Andhra Pradesh engaged in generation. It came into existence on 28 December 1998 and began operations from 1 February 1999. It was a sequel to government reforms in the sector to unbundle activities relating to generation and T&D. All generating stations owned by the erstwhile APSEB were transferred to its control. Its installed capacity as on 30 January 2011 is 8,384.9 MW comprises 4,382.50 MW thermal, 3,790.40 MW hydro and 2 MW wind power stations and contributes about half the total energy requirement of Andhra Pradesh. It is the third largest power generating utility in the country next to NTPC and Maharashtra. Its installed hydro capacity of 3,751.4 MW is second-highest among the country.

Lanco Infratech

Revenue Rs 4,945.22 Cr
Net profit Rs 1,422.17 Cr
Capacity 3,292 MW
Planned capacity 5,953 MW

Lanco Infratech (LITL) was incorporated in 1993 as 'Lanco Constructions Limited'. It got its present name in November 2000 and is the flagship company of the Lanco Group. As on 31 March 2011, its operating capacity and its seven special purpose vehicles (SPVs) was 3,292 MW of power. It generates its core revenue in the capacity of an engineering, procurement and construction (EPC) contractor wherein it provides EPC services. It also derives income for construction contracts in transmission and infrastructure space, road projects, irrigation, buildings etc. A few projects under implementation through the SPV route are Babandh project (1,320 MW),Vidharba project (1,320 MW), Lanco Amarkantak Unit 3&4 (1,320 MW) and Lanco Energy (Teesta - 500 MW). The total 'under construction' portfolio as on 31 December 2010 was over 5,900 MW.

NHPC

Revenue Rs 4,225.25 Cr
Net profit Rs 2,166.67 Cr
Capacity 5,295 MW
Planned capacity 4,502 MW

NHPC, a Government of India Enterprise, was incorporated in 1975 and can now undertake all activities from concept to commissioning of hydel projects. At present, it is a Mini Ratna Category-I enterprise with an authorised share capital of Rs 150,000 million. With an investment base of approximately over Rs 387,180 million, it is among the top 10 companies in terms of investment. It has also executed five projects with an installed capacity of 89.35 MW on a turnkey basis, two of which were commissioned in Nepal and Bhutan. In FY 2010-2011, its power stations achieved the highest-ever generation of 18,604 MU. It also plans to take wind and tidal wave projects. It currently has an installation base of 5,175 MW from 13 hydropower stations. Given the renewed thrust on hydro power, it has drawn up a plan to add over 10,000 MW by the end of the 12th Plan.

CESC

Revenue Rs 3,939.85 Cr
Net profit Rs 488.40 Cr
Capacity 1,285 MW
Planned capacity 1,200 MW

CESC is a fully integrated power utility with its operations spanning the entire value chain right from mining coal, generating power and power distribution. The company is over 100 years old and now it serves 2.4 million customers within 567 square kilometres of Kolkata and Howrah, delivering safe, cost-effective and reliable energy to its consumers.

Some of its upcoming projects are a 600 MW thermal project at Chandrapur in Maharashtra, a 600 MW project at Haldia Phase 1 in West Bengal, Dhenkanal in Orissa and a 600 MW thermal project at Dumka in Jharkhand.

JSW Energy

Revenue Rs 3,861.93 Cr
Net profit Rs 885.61 Cr
Capacity 1,730 MW
Planned capacity 1,410 MW

Incorporated in 1994, JSW Energy is the dynamic vertical of the JSW Group. Its areas of activity are generation, power trading, T&D, equipment manufacturing and mining. In less than a decade, it has crossed several milestones working on solutions in Karnataka, Maharashtra, Rajasthan and Himachal Pradesh. Each project is strategically located either near an available fuel source, load centre or infrastructure facilities. Today, it is one of the fastest-growing power companies and is working towards becoming one of the leading private power producers in the country. It has been in generation since 2000 and has 1,730 MW of operational generating capacity and 1,410 MW of generating capacity in the construction or implementation phase. In addition, it has a proposed combined installed capacity of 11,390 MW by 2015. It is an early entrant in the power trading business.

Jindal power

Revenue Rs 3,338.00 Cr
Net profit Rs 2,002.00 Cr
Capacity 1,000 MW
Planned capacity 2,400 MW

Jindal Power (JPL), a subsidiary of Jindal Steel & Power (JSPL), has set up India's first megapower project at Raigarh, Chhattisgarh. It has invested about Rs 4,338 crore to set up a 1,000 MW power plant. It has constructed a 258 km, 400 kV double circuit transmission line from the plant to the PGCIL sub-station at Raipur through which power can be sold anywhere in India. It is expanding its capacity at Tamnar by setting up a 2,400 MW thermal power plant at an estimated cost of Rs 13,410 crore and has already placed an order on BHEL for supply, erection and commissioning of a 4x600 MW boiler turbine generator package. In hydro, it has signed agreements for 6,100 MW projects in Arunachal Pradesh and is evaluating options to set up wind and solar projects. Some hydel projects under implementation are one in Etalin and one in Attunli, Arunachal Pradesh.

GMR Energy

Revenue Rs 2,150.75 Cr
Net profit NA
Capacity 1,000 MW
Planned capacity NA

GMR's barge-mounted power plant, originally commissioned at Mangalore in 2001, is an environment-friendly, natural gas-based 220 MW generation plant. The company is developing the 180 MW Bajoli Holi project in Himachal Pradesh, which has been awarded to it for 40 years from commencement of operations. In this duration, it will provide a portion of the generated power to Himachal Pradesh on a no-cost basis. A distinguishing feature of a 200 MW plant in Chennai is its sophisticated sewage treatment unit, the first of its kind in India. Power generated here is supplied to the Tamil Nadu state electricity board. In appreciation of its efforts toward conserving the environment, the plant has received the renowned Dr MS Swaminathan Award for Environmental Protection and also received ISO 14001 and OHSAS 18001 certifications from Det Norske Veritas.

Adani Power

Revenue Rs 2,106.43 Cr
Net profit Rs 523.75 Cr
Capacity 1,980 MW
Planned capacity NA

Adani, a conglomerate with businesses across the globe, has entered the sector to generate 20,000 MW of power by 2020. The company claims that it is spurred to build India's largest and one of the world's top 5 single-location thermal power plants in Mundra. It has commissioned its first supercritical 660 MW unit. Mundra is also the world's first supercritical technology project to have received a 'Clean Development Mechanism (CDM) Project' certification from UNFCCC. Along with thermal power generation, it has ventured into solar generation in Gujarat. It has the fastest turnaround time of projects in the industry. It is poised to be the largest private generating company in India. In transmission its first project of 400 kV double circuit transmission system from Mundra plant to Dehgam (430 km) has been realised with two more in the implementation stage.

SJVN

Revenue Rs 1,812.67 Cr
Net profit Rs 912.13 Cr
Capacity 1,500 MW
Planned capacity 1,565 MW

SJVN (formerly Satluj Jal Vidyut Nigam-SJVNL) was incorporated on 24 May 1988 as a joint venture of the Government of India and Himachal Pradesh to plan, execute and maintain hydel projects. Its present authorised share capital is Rs 7,000 crore. It proposes to add 5,000 MW additional capacity by 2014-15 at an additional investment of about Rs 29,000 crore. To achieve the target of setting up additional 5,000 MW it is exploring the possibility of new projects in Himachal Pradesh, Arunachal Pradesh, Nepal and Bhutan. It is currently constructing the 412 MW Rampur project in Himachal Pradesh and implementing three projects in Uttarakhand. It has also bagged the 900 MW Arun III project in Nepal and been assigned with the task of preparing DPRs for two projects in Bhutan. It is also venturing into wind energy with an initial 50 MW by the end of 2012.

GVK Power

Revenue Rs 1,712.93 Cr
Net profit Rs 242.32 Cr
Capacity 943 MW
Planned capacity 2,730 MW

GVK has established a significant presence in the energy sector. Its diverse portfolio covers conventional and non-conventional resources. Its current portfolio has gas, hydro and thermal projects. Recognising oil and gas as a potential growth segment, it is also creating a presence in this area. It currently has projects in Andhra Pradesh, Jammu Kashmir, Punjab and Uttarakhand. Together, these power projects are set to exceed over 5,000 MW capacities. India's first independent power plant at Jegurupadu, Andhra Pradesh, has won many accolades for its environmental initiatives. The 330 MW Alaknanda hydro project is underway in Uttarakhand and expected to commence operations in 2012. The Ratle 690 MW plant situated on river Chenab will commence operations in 2017 and provide 16 per cent of its output to Jammu and Kashmir free of charge.

Neyveli Lignite Corporation

Revenue Rs 1,298.33 Cr
Net profit Rs 3,945.94 Cr
Capacity 2,740 MW
Planned capacity 1,500 MW

The main core activity of NLC is lignite excavation and generation using excavated lignite. The 600 MW Neyveli thermal power station-1, an epitome of Indo-Soviet Collaboration, was commissioned in May 1962. It was the first lignite power station in South East Asia and first largest thermal power station in South India. The Meritorious Productivity Award instituted by the Department of Power was won by thermal power station-1 for many years. Unit-I of a coal-based thermal power plant at Tuticorin in Tamil Nadu is scheduled to be commissioned by March 2012 and Unit-II by August 2012 at an estimated cost of Rs 4,909.54 crore. It is also setting up a 50 MW capacity wind-based project in Tirunelveli (Tamil Nadu) and the project is estimated to cost Rs 312.50 crore.

Gujarat Industries Power Company

Revenue Rs 1,089.46 Cr
Net profit Rs 162.95 Cr
Capacity 810 MW
Planned capacity 500 MW

Gujarat Industries Power Company (GIPCL), incorporated in 1985, is engaged in power generation. The total capacity of its Vadodara and Mangrol plants is 810 MW. It commissioned its first power project, a 145 MW gas-based combined cycle power plant in February 1992 at Vadodara. The company expanded its capacity and commissioned a 165 MW naphtha and gas-based combined cycle power plant at Vadodara in 1997 as an independent power producer (IPP) with a power purchase agreement (PPA) with GUVNL and commissioned a 250 MW lignite-based plant at Surat in 1999. It also has its own captive lignite mines at Vastan. A 2x125 MW SLPP Phase II was commissioned in April 2010. It is also embarking on a pilot project activity of underground gasification, which is to be carried out adjacent to its existing Vastan lignite mine.

Jaiprakash Power Ventures

Revenue Rs 840.74 Cr
Net profit Rs 165.14 Cr
Capacity 700 MW
Planned capacity 5,520 MW

Jaiprakash Power Ventures (JPVL), a part of the Jaypee Group, was incorporated in 1994. It owns and operates the 300 MW Baspa-II hydel project at Kinnaur in Himachal Pradesh and the 400 MW Vishnuprayag hydroelectric project in Uttarakhand. The company is also implementing the 1,320 MW (2X660 MW) super-critical technology boiler pithead based thermal project in Madhya Pradesh, which is to commence operations in 2013. It has also subscribed 74 per cent of the equity capital of Jaypee Powergrid (JPL) to develop a 217 km long transmission project to evacuate power from the Karcham Wangtoo project. It has entered into an agreement with Meghalaya to set up two hydro projects and acquired Bina Power Supply Company to set up a 1,500 MW coal-fired thermal plant at Bina in Madhya Pradesh. The group is poised to be a 13,470 MW power producer by 2019.

Essar Power

Revenue Rs 740.89 Cr
Net profit Rs 214.40 Cr
Capacity 1,600 MW
Planned capacity 8,070 MW

Essar Power, India's second largest power generation company in the private sector, has a total installed generation capacity of 1,600 MW. Work is currently under way to expand the current generation capacity of 1,600 MW to 9,670 MW with a goal to achieve 11,470 MW. It has recently moved four power projects to the construction phase, taking the total installed capacity under construction to 8,070 MW. In addition, its two under-development projects are expected to increase its installed capacity by a further 1,800 MW. It is also exploring opportunities for new projects based on thermal, wind and hydro energy. It 500 MW combined cycle power plant at Hazira is eligible for Certified Emission Reductions under the Clean Development Mechanism. It also setting up a wind energy plant at Bhuj, Gujarat, with technology from REpower Systems AG.

Nava Bharat Ventures

Revenue Rs 655.69 Cr
Net profit Rs 301.85 Cr
Capacity 237 MW
Planned capacity 364 MW

Nava Bharat Ventures (NBV) is a business conglomerate with interests in generation, alloys, mining etc, with operations spread over India, South East Asia and Africa. Its core strength lies in green operations, harnessing modern and efficient technologies and committed and competent human resources. Generation and sale of power is one of the focus areas of its business. It has established pit-head coal-fired thermal power plants in Andhra Pradesh and Orissa. The plants employ eco-friendly technology and operate at plant load factors (PLFs) above 90 per cent. Conservation of energy and natural resources is a core philosophy at all the power plants of the company and the selection of equipment and operating practices reflect this philosophy. Power generated is sold to distribution licensees through trading licensees. The aggregate operating capacity is 237 MW.

DPSC

Revenue Rs 405.63 Cr
Net profit Rs 5.67 Cr
Capacity 45 MW
Planned capacity NA

DPSC, incorporated in 1919 in West Bengal, was primarily set up to supply power to Bengal Coal Company, then the largest producer of coal in Asia. It went for a disinvestment in 2009-10 and was taken over by IPCL. It is listed on the National Stock Exchange and Calcutta Stock Exchange. Its business spans across all the verticals of the sector namely generation and T&D. It generates 42.2 MW from its coal-based thermal power plants at Chinakuri and Dishergarh and an extra 60 MW is under implementation. In T&D, it has a license for power supply in and around the Asansol-Ranigunj area spread over 700 sq km with a combined distribution capacity of 230 MVA. It serves over 500 consumers' power needs in this area. It has a strong distribution network with T&D loss of only 3 per cent against the country's average of 25 per cent. (Source: CEA).

KSK Energy Ventures

Revenue Rs 159.68 Cr
Net profit Rs 33.50 Cr
Capacity 755 MW
Planned capacity 3,600 MW

KSK Energy Ventures (KSKEVL) was established in 2001 to capitalise on opportunities in the power sector and in generation it is well positioned with long-term fuel access for its various power plants. It is possibly the largest industrial power supply company in the country spread across various industry categories.Its current business interests are thermal power plants (9,862 MW) and it currently has 684 MW of operational capacity, 3,778 MW under construction and 5,400 MW under planning. It currently has three hydel power plants (aggregating 1,065 MW) in the planning stage. It currently has wind assets of an operational capacity aggregating to 71.15 MW. Since coal may play a dominant role in India's energy scene, it has decided to pursue the developer's role in aggregation of coal reserves and incorporated a company 'KSK Mineral Resources' to undertake this initiative.

T&D

Maharashtra State Electricity Distribution Company


Revenue Rs 27,642.31 Cr
Net profit Rs -1,084.77 Cr

Maharashtra State Electricity Board (MSEB) was unbundled in to Maharashtra State Electricity Distribution Company (MSEDCL), Maharashtra State Power Generation Co and Maharashtra State Electricity Transmission Co in 2005. MSEDCL supplies electricity to a staggering 1.86 crore consumers all over Maharashtra excluding Mumbai and fetches an annual revenue of about Rs 33,000 crore. It has a workforce of about 70,000 employees, which is its real asset. Its existing network handles a load of about 10,000 to 11,000 MW. By 2012, there will be an addition of another 10,000 MW in the system. Its feeder separation long-term load management scheme halved load-shedding hours in about 24,461 villages. Bhiwandi faced power theft and non-payment issues, so MSEDCL opted for an input-based franchisee model, which was a trend-setter in the country's distribution sector.

Gujarat Urja Vikas Nigam

Revenue Rs 17,435.00 Cr
Net profit Rs 20.00 Cr

As part of a reform process and to improve efficiency, the Gujarat government restructured the power sector and the erstwhile Gujarat Electricity Board (GEB) was re-organised from 1 April 2005 in to seven companies for trading, generation and T&D etc. The Gujarat Urja Vikas Nigam (GUVNL) was incorporated as a government of Gujarat company. Since 100 per cent shares in the other six companies are held by GUVNL, w.e.f, 1st April 2005, they have become its subsidiary companies as per the provisions of the Companies Act 1956. It is engaged in the business of bulk purchase and sale of electricity, supervision, co-ordination and facilitation of the activities of its six subsidiary companies. GSECL is in to generation, GETCO in transmission, UGVCL, DGVCL, MGVCL and PGVCL are engaged in distribution in the northern, southern, central and western areas of Gujarat respectively.

Central Power Distribution Company of A P

Revenue Rs 10,244.32 Cr
Net profit Rs 12.52 Cr

The Central Power Distribution Company of Andhra Pradesh (AP), came into being on 1st April 2000 as a sequel to the AP Electricity Reforms Act 1998. Headquartered at Hyderabad, the APCPDCL encompasses seven districts, catering to 7.6 million consumers. It has a vast infrastructure facility in its area with 1,338 numbers of 33/11 kV substations, 2,039 power transformers, 5,257 number of 11 kV feeders and around 246,426 distribution transformers of various capacities. Some initiatives to improve the quality of service are electronic spot billing, pass books for individual customers, web-enabled customer service centres, tie-up with e-Seva centres for bill payment, online billing and enquiry system and tie-ups with e-Seva centres for bill payment. It has electrified 6,489 villages, 5,600 general hamlets, 2,059 tribal hamlets, 12,105 wadas and 5,806 weaker section colonies.

Power Grid Corporation of India

Revenue Rs 8,388.70 Cr
Net profit Rs 2,696.89 Cr

PowerGrid (PGCIL) is engaged in transmission with the mandate for planning, co-ordination, supervision and control over the complete inter-state transmission system. About 45 per cent of the total power generated in the country is wheeled through its transmission network. Recognising its role, the government conferred the Navratna status to it in May 2008, the highest honour for a public sector enterprise. The company also received three national awards for system availability and early completion of projects for 2007-08, All India Organisation of Employers' Industrial Relations Award 2007-08 and IEEMA Power Awards 2009 for Excellence in Power Transmission. Further, it was conferred the first DSIJ PSU Awards 2009 by Dalal Street Group of Publications for being 'one of the largest transmission utilities in the world'.

Reliance Infrastructure

Revenue Rs 6,026.12 Cr
Net profit Rs 552.76 Cr

The transmission division, Reliance Power Transmission (RPTL) is a wholly-owned subsidiary of Reliance Infrastructure (R-Infra). RPTL has become the leading private utility firm to have secured the first setup of projects worth Rs 1,370 crore in the Western region system strengthening schemes. Due to lack of adequate investment, distribution losses have reached 32.86 per cent in 2000-01. India's largest private power distributor, it distributes electricity to two out of three homes in Delhi and Mumbai. Ever since it initiated the distribution of over 5,000 MW in various parts of the country, it managed to light up the lives of about 5.2 million customers. It has the enviable distinction of operating its networks with 99.93 per cent reliability. Efforts made towards achieving higher levels of efficiency have reduced distribution losses to 12.01 per cent - the lowest in the country.

BSES Rajdhani Power

Revenue Rs 5,175 Cr
Net profit Rs 162 Cr

Following unbundling of the Delhi Vidyut Board in 2002, distribution was transferred to BSES Yamuna Power (BYPL) and BSES Rajdhani Power (BRPL). These two of the three successor entities distribute electricity to 28.34 lakh customers in two-thirds of Delhi. It is one of the first utilities to have installed downloadable single-phase meters which are more accurate than conventional ones. Consumer convenience has been accorded top priority and almost every mode of payment has been made available like cash counters, cheques, payment kiosks, online payment, drop boxes, ECS etc. AT&C loss reduction is the biggest achievement by the BSES discoms in Delhi. In the BSES Rajdhani area, AT&C losses have been reduced from 51.5 per cent in 2002-03 to 19 per cent by 2009-10. The discoms have won the India Power Award 2010 for 'Overall Utility Performance - Urban Area'.

Jodhpur Vidyut Vitaran Nigam

Revenue Rs 4,844.00 Cr
Net profit 0.0

The Rajasthan government established the Rajasthan Electricity Regulatory Commission (RERC) in January 2000. The vertically integrated monopoly power utility RSEB was unbundled into new entities. The distribution function was separated from RSEB and vested into three discoms, registered under the Companies Act namely Jaipur, Ajmer and Jodhpur Vidyut Vitaran Nigam. The Jodhpur Vidyut Vitaran Nigam (Jodhpur discom) has been established under the Companies Act 1956 by the Rajasthan government. It has been created
to engage in distribution and supply of electricity in 10 districts of Rajasthan. The area of the Jodhpur discom is equivalent to the area of Gujarat and over three times the area of Punjab. Its area of operation is 182,509 sq km.

RENEWABLES

TCP

Revenue Rs 231.18 Cr
Net profit Rs 20.44 Cr
Capacity 9.2 MW
Planned capacity 6 MW

TCP was incorporated in 1971 with Tamil Nadu Industrial Development Corporation. It has set up 12 wind electric generators of 225 KW each in Tirunelveli in Tamil Nadu with the financial assistance of Rs 2 crore from the Industrial Development Bank of India (IDBI) and Rs 6.80 crore from Indian Renewable Energy Development Agency. All 12 windmills have been installed and commissioned and energy generated has been drawn for its factory at Karaikudi. It has also set up seven wind electric generators of 500 KW each at Coimbatore in Tamil Nadu at a cost of about Rs 20 crore. It has also identified a 63.5 MW coal-fired power plant in South Africa. The plant, commissioned in 1999 at Thiruvallur district in Tamil Nadu, has been generating and supplying power to the TNEB grid. The company is also implementing a 6 MW biomass-based power plant at a cost of around Rs 22 crore.

Suryachakra Power Corporation

Revenue Rs 143.48 Cr
Net profit Rs 4.04 Cr
Capacity 20 MW
Planned capacity 350 MW

Suryachakra Power Corporation had set up a 20 MW diesel-based power plant near Port Blair, Andaman Islands, at a cost of Rs 850 million. The plant, in operation since 2003, has already notched up an annual turnover of Rs 1 billion. The company bagged an award to construct and operate the plant. SPCL has gone for a successful IPO subscription in 2007 and is listed on the BSE. Suryachakra Global Enviro Power (SGEPL), a wholly-owned subsidiary of Suryachakra, seized an opportunity to establish a 9.8 MW biomass fuel-based power plant in Chhattisgarh. The project has been registered with UNFCCC for receiving CERs. As part of its expansion activities, it proposes to set up a 500 MW coal-based power project in Srikakulam, Andhra Pradesh. As a long-term source, an energy plantation is proposed. Further, a 40 MW biomass project has been planned in Andhra Pradesh.

Indowind

Revenue Rs 65.84 Cr
Net profit Rs 19.90 Cr
Capacity 50.15 MW
Planned capacity NA

Indowind, an IPP in the renewable energy field, generates power through dedicated wind farms and offers allied services in the wind energy sector. In 1995, its first 225 kW machine was installed in Tamil Nadu and in 2005 its 100th wind mill was commissioned at Nettur in Tamil Nadu. In 2006, it was India's first wind energy company to earn carbon credits (Certified Emission Reductions) by UNFCCC under the Clean Development Mechanism. It raised Rs 73.34 crore through an IPO in 2007 for setting up a 9 MW wind farm project at Chitradurga, Karnataka which it commissioned in 2008. It signed an MOU with Gujarat for 100 MW wind and 50 MW solar projects in 2009. It also signed an MOU with Karnataka for a 50 MW wind power project. Its total operational capacity is around 67.66 MW and it is planning to install a 100 MW wind farm at a cost of Rs 6,500 million.

Veer Energy & Infrastructure

Revenue Rs 43.32 Cr
Net profit Rs 3.52 Cr
Capacity 55 MW
Planned capacity NA

Veer Energy & Infrastructure, headquartered in Mumbai and founded in 2006, has approximately 55 MW in operation or construction. The 55 MW Chandrodi Wind Park, Kutch, Gujarat is one of its first and most prestigious projects. Infrastructure has already been fully developed for 55 MW from which an 18 MW wind farm was developed and commissioned in record time of three months. It has also set up 12 wind electric generators of 225 KW each at Kayathar in Tirunelveli district in Tamil Nadu with the financial assistance of Rs 2 crore from the Industrial Development Bank of India (IDBI) and Rs 6.80 crore from Indian Renewable Energy Development Agency. It has set up 6 wind electric generators of 500 KW each at Thenkasi taluk in Tirunelveli, Tamil Nadu at a cost of Rs 20 crore. It is also implementing a 6 MW biomass-based plant at a cost of around Rs 22 crore.

BF Utilities

Revenue Rs 16.17 Cr
Net profit Rs -4.13 Cr
Capacity 18.33 MW
Planned capacity NA

BF Utilities (BFUL), part of the $2.4 billion Kalyani Group, earlier operated in the infrastructure and investment business. The company was incorporated on 15 September 2000 in Maharashtra and born out of a demerger with Bharat Forge. Under the Kalyani Group initiative, an 18.33 MW wind farm was set up from 1998 to 2001. The wind farm is spread over 300 acres at Thosegar in Satara district of Maharashtra. It won an award for Best Performing Wind Farm (above 2 MW category) which was given by the Indian Wind Power Association (IWPA) for 2005-06. Of the total capacity, 14.65 MW of eligible capacity has been registered as a CDM project and availed certified emission reduction (CERs i.e, carbon credit) benefits. The wind farm has been generating power at a plant load factor (PLF) of around 25 per cent, which is one of the highest in the state.

Karma Energy

Revenue Rs 15.37 Cr
Net profit Rs 0.80 Cr
Capacity 33 MW
Planned capacity 620 MW

In 2010, the Weizmann group completed a restructuring exercise involving demerger of forex business undertaking and power business undertaking into companies rechristened as Weizmann Forex and Karma Energy respectively. Post restructuring, Karma Energy spearheads development of the RE sector. It is operating about 33 MW of wind projects in AP, Maharashtra and TN. Its wind power projects of aggregate capacity of over 620 MW are under various stages of implementation. The JVs have signed an MOU with Gujarat to develop wind farms of over 500 MW. The subsidiary companies are developing about 10 MW small hydel projects in Himachal Pradesh of which a 3.5 MW project at Chamba is to be commissioned in the second quarter of 2011. A JV is to develop a 50 MW solar project in Gujarat. It plans to increase the hydro and solar portfolio in the next five years.

Energy Development Company

Revenue Rs 12.52 Cr
Net profit Rs 7.28 Cr
Capacity 19 MW
Planned capacity 291 MW

The Energy Development Company (EDCL) was incorporated in 1995 to participate in the country's renewable energy development programme for sustainable development. The company currently has 19 MW of renewable energy capacity and has 291 MW of hydroelectric projects at various stages of development. The company owns and operates a 9 MW hydro-electric power project at Harangi, Karnataka, and 7 MW Ullunkal small hydroelectric power project in Kerala. 6 MW Harangi extension project and 15 MW Karikkayam project in Kerala are under advanced stages of construction and are likely to be completed by the end of the year. Another 270 MW of hydroelectric projects in Arunachal Pradesh are in the pipeline. The company has two operational wind projects of 1.5 MW each in Hassan and Chitradurg districts of Karnataka.

ENGINEERING

Larsen & Toubro

Revenue Rs 43,656.71 Cr
Net profit Rs 3,957.89 Cr

Larsen & Toubro (L&T) in a JV with Mitsubishi Heavy Industry executes supercritical boiler islands of up to 1,000 MW on turnkey basis. L&T Power offers turnkey solutions for up to 1,000 MW coal-based power plant projects based on supercritical standards. Similarly, it has demonstrated capability of executing BOP packages for subcritical and supercritical thermal projects on an EPC basis. It also provides engineering and design services for gas and coal-based power plants. It has a 1,680 MW thermal project at Gujarat estimated at Rs 6,720 crore. L&T and Howden have signed a JV to set up axial fans and air pre-heaters plant at Hazira for thermal power plants. It won the Frost & Sullivan Award for Excellence in Green Manufacturing. It was also ranked among the top three 'most attractive employers' in an online research carried out by HR services company, Ma Foi Randstad, in June 2011.

Bharat Heavy Electricals

Revenue Rs 42,495.51 Cr
Net profit Rs 6,011.20 Cr

Established in the late 1950's, BHEL is today the largest engineering and manufacturing enterprise of its kind in India. It offers over 180 products and provides systems and services to meet the needs of core sectors like power, transmission, industry, oil and gas and non-conventional energy sources. An ISO 9000 certification has given the company international recognition for its commitment towards quality. With an export presence in over 70 countries, it is truly India's industrial ambassador to the world. The company has been earning profits continuously since 1971-72 and paying dividends since 1976-77. It has supplied over 25,000 motors with drive control system to power projects and supplied over one million valves to power plants. Its greatest strength is its highly skilled and committed workforce of 46,748 employees.

Gammon India

Revenue Rs 5,607.43 Cr
Net profit Rs 124.84 Cr

Gammon India is amongst the largest physical infrastructure construction companies in India. Besides its large scale of operations in the construction and infrastructure domain, it has a dominant presence in the energy business in which it operates in the hydro, nuclear and thermal power sectors. In fact, its association with the construction of nuclear power projects dates back to 1959 when it completed the pre-stresses concrete (PSC) ball tank of India's first atomic reactor plant at Trombay. Its ongoing project is the Parbati hydel project Stage II of Rs 603 crore. It is also setting up a 250 MW coal-based power plant in Western India. The plant is expected to go on stream within 30 months of receiving the environment clearance.

BGR Energy Systems

Revenue Rs 4,747.49 Cr
Net profit Rs 324.21 Cr

BGR Energy recently bagged a turnkey implementation contract worth Rs 44.48 crore from Nuclear Power Corporation (NCIL). The completion of the contract is estimated between September 2015 and March 2016. The company was originally incorporated in 1985, as a JV between GEA Energietechnik GmbH, Germany and the promoter BG Raghupathy to manufacture and sell equipment and components used in thermal and nuclear power plants. In 1993 he and members of his family became shareholders of the firm. In 2007 the company name was changed from GEA to BGR Energy Systems. In March 2011, it was awarded turnkey contracts by PowerGrid worth Rs 36.61 crore. Having successfully executed BOP contracts, it has begun to focus on EPC contracts. Its projects business provides EPC and BOP services for coal-based thermal and gas-based combined cycle power plants.

Suzlon Energy

Revenue Rs 4,366.39 Cr
Net profit Rs -185.66 Cr

Conceived in 1995 with just 20 people, Suzlon is now a leading wind power company with over 13,000 people in 32 countries. It pioneered the 'concept to commissioning' model in the wind energy industry. Its market share (combined with Repower) is 6.9 per cent, making it one of the leading wind turbine manufacturing groups in the world. It recently proposed an AUS$1.3 billion wind farm and integrated RE project on South Australia's Yorke Peninsula to deliver power to 225,000 homes every year. The Ceres Project will have up to 180 turbines with a generating capacity of up to 600 MW, creating South Australia's largest wind farm. In India, it has been the market leader for 13 consecutive years with over 5,800 MW of installed and with new capacity added every day. It is developing what will be the world's largest wind farm with over 1,500 MW of capacity planned in Gujarat.

Areva T&D India

Revenue Rs 4,032.01 Cr
Net profit Rs 186.74 Cr

Areva T&D India, a subsidiary of Areva T&D SAS, and a leading player in T&D globally upto extra high voltage levels (765 kV) is prepared to meet the demands for equipment even at UHV levels (1,200 kV). It is among the top three T&D players in India. Its product offerings include power and distribution transformers, switchgears, circuit breakers and products in energy automation. It currently employs over 4,200 people in India. It has 8 manufacturing units and 22 sales offices and has been a trend-setter in high voltage switchgears. It was the first to build the 765 kV sub-station in India with NTPC at Sipat in Chhattisgarh. Around 70 per cent of load flow in India is managed by its automation solutions. Acquisition of Powermann and RB Watkins reinforced its global T&D service offering and acquisition of Nxtphase strengthened its position in the instrument transformer market.

KEC International

Revenue Rs 3,961.70 Cr
Net profit Rs 147.09 Cr

KEC International, a global infrastructure EPC major established in 1945, is a billion dollar turnover flagship company of the RPG Group with a presence in transmission, systems, cables etc. Power transmission is its largest vertical. The company has powered infrastructure development in 45 countries across South Asia, Middle East, Africa, Central Asia and Americas. In 1950 it bagged its first tower supply order for the Bhakra Nangal Project. In 1959 it secured its first 220 kV turnkey transmission line project in India and in 1960 it got its first tower supply export order from New Zealand. It was in 1999 that it undertook its first 765 kV transmission project. In 2010 it acquired SAE towers, a leading manufacturer of lattice transmission towers in US, and the world's highest capacity 1,200 kV tower testing station was inaugurated in Nagpur and a 1,200 kV tower tested.

Kalpataru Power

Revenue Rs 2,874.06 Cr
Net profit Rs 190.59 Cr

Kalpataru Power Transmission (KPTL), part of the Kalpataru Group, is a leading EPC contractor with professional expertise of over 28 years in transmission lines and has executed projects in many states across India. A public listed company based at Gandhinagar, Gujarat, it has a turnover of $590 million and annual installed capacity of 108,000 MTs galvanised steel towers. It was the first ISO 9001 certified company in 1994 in the Indian transmission industry. In 2009, it received its largest domestic order of $260 million from MSETCL. In 2010, its revenue from international operations crossed the $222 million mark. It secured its first order from Kenya for about 500 km of transmission lines worth $100 million. Its credentials include construction of over 8,500 km of transmission lines on turnkey basis and it has designed, manufactured or supplied over 700,000 MTs of towers.

Jyoti structures

Revenue Rs 2,379.76 Cr
Net profit Rs 110.94 Cr

Jyoti Structures was incorporated as a private limited company in 1974 and began operations in 1979. Tata Exports decided to invest into the ownership of the company and this gave JSL an opportunity to work on international projects. It went public in 1989 and its shares were listed on the BSE. In 1988, it bagged its first turnkey contract from Maharashtra State Electricity Board (MSEB). In March 1995, it was accredited with ISO - 9001 certification by NQA -QSR (RVA accredited). In July 2001 its Nashik factory was accredited with an ISO 14001 certification. In 1997, it commissioned its own R&D and tower testing centre near Nashik. This is one of the most modern facilities available in the world and is suitable for testing of towers upto 1,200 kV. It is currently setting up the most modern lattice tower shop in the Americas, which will start operations in Texas by the end of 2011.

Alstom Projects India

Revenue Rs 1,803.64 Cr
Net profit Rs 168.90 Cr

Alstom is a global leader in generation with a portfolio of products covering all fuel types. Close to 25 per cent of the world's power production capacity depends on its technology and services. It is a world leader in service for generation, hydro turbines and generators, the number of boilers installed worldwide and installed turbines and generators for N-plants. In July it signed an O&M contract for about 20 years, worth around €330 million with Dalia Power Energies for the 835 MW gas-fired Tzafit plant in Israel. It is a market leader in thermal as well as hydro-based power projects. It has been instrumental in building the biggest hydro projects in the country including Subansiri (8x250 MW) and Uri II (4x60 MW) and efforts are on to make India a world hub for hydro projects. In thermal projects, it has installed one of the most efficient CCPP project with Gujarat State Electricity Corporation.

KEI Industries

Revenue Rs 1,079.59 Cr
Net profit Rs 101.17 Cr

KEI Industries, one of the leading players in the wires and cables industry, is known for its unique product range pan India and also across the globe. It manufactures high and low tension cables (EHV, HT & LT), control and instrumentation cables, house wires and stainless steel wires. Since its recent collaboration with BRUGG Cables, an over-a-century-old Swiss company, it has set foot into manufacturing EHV cables up to 220 kV, which is the present demand of the market, and diversified into the EPC business. It has been awarded the 'Superbrand' status for 2010-2011. An ability to use over 90 per cent of its resources makes it one of the most efficient players in the industry. It enjoys a unique flexibility to switch production between HT and LT cables depending on prevailing market conditions and demands.

Tata BP Solar

Revenue Rs 906 Cr
Net profit NA

Established in 1989, Tata BP Solar is a joint venture between Tata Power Company, a pioneer in the power sector in India and BP Solar, one of the largest solar companies in the world. Its sophisticated 84 MW solar cell manufacturing facility is capable of processing mono and multi crystalline wafers of 125 mm2 and 156 mm2. Its state-of-the-art 125 MW module manufacturing facility is one of the largest in Asia and capable of manufacturing modules from 0.3Wp to 280Wp and beyond. Its sales history over the years has been dramatic - from a modest Rs 16 million in 1991-92 to a phenomenal Rs 9,060 million in 2010-11. It is pioneering the technologies of tomorrow in providing large grids. Its 1 MW solar power plant in Delhi and a 3 MW solar power plant in Maharashtra are a precursor to the exciting possibilities that it has in store.

Diamond Power Infrastructure

Revenue Rs 818.59 Cr
Net profit Rs 120.43 Cr

Earlier known as Diamond Cables, Diamond Power Infrastructure was founded in 1970. It is now regarded as one of the top five cable manufacturers in India. In a revolutionary innovation, it introduced aerial bunched cables, which was regarded by many to be a boon for a developing country like India. Its expertise in the process of 'alloying' enabled it to become the first conductor manufacturer in Asia to have founded its own alloy rod mill. It introduced innovative products like aluminum alloy conductors in 1988, which changed the face of the Indian conductors industry, leading to its virtual extinction. It was the first proud recipient of the BIS Mark for the product in India.

Techno Electric

Revenue Rs 745.09 Cr
Net profit Rs 112.78 Cr

Headquartered in Kolkata with a pan-India presence, Techno Electric provides EPC services to all 3 industry segments (generation and T&D). It was engaged in setting up (in one capacity or other) over 50 per cent of India's thermal power generating capacity and a major portion of the national power grid. EPC has been its core business and accounts for nearly 90 per cent of its revenues. It entered RE generation in 2009 with 95.45 MW of wind energy assets by acquiring two wind energy companies, namely, Super Wind and Simran Wind Project. It plans to expand capacity to 300 MW by 2012 and 1,250 MW by FY17. It won the first of its kind PPP contract for a transmission link in Haryana. It will do EPC, operations and maintenance work for the sub-station part of the project which may be commissioned by December 2011. This is the first intra-state transmission project in the country.

Courtesy: FIRST Infocentre
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