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POWER GRID CORPORATION OF INDIA LIMITED
(A Government of India Enterprise)
keg|stered Cmce : 8-9, Çutab Insntunona| Area, katwar|a Sara|, New De|h|-110 016
Corporate Cmce : 'SAUDAMINI', Þ|ot No.2, Sector-29, Gurgaon - 122 001, naryana
NOTICE
nC1lCL ls hereby glven LhaL Lhe 1wenLy lourLh Annual Ceneral Meeung of Lhe Members of Þower Crld Corporauon of lndla LlmlLed wlll be
held on 1hursday, the 19
th
September, 2013 at 11.00 a.m. at "A|r Iorce Aud|tor|um, Subroto Þark, New De|h| - 110 010" to transact the
followlng buslnesses:
CkDINAk¥ 8USINLSS:
1. 1o recelve, conslder and adopL Lhe audlLed 8alance SheeL as aL 31
st
March, 2013 and Lhe SLaLemenL of ÞroñL and Loss for Lhe ñnanclal
year ended on LhaL daLe LogeLher wlLh 8eporL of Lhe 8oard of ulrecLors and AudlLors Lhereon.
2. 1o noLe Lhe paymenL of lnLerlm dlvldend and declare ñnal dlvldend for Lhe llnanclal ?ear 2012-13.
3. 1o appolnL a ulrecLor ln place of Shrl SanLosh Saraf, who reures by roLauon and belng ellglble, oñers hlmself for re-appolnLmenL.
4. 1o appolnL a ulrecLor ln place of Ms. 8lLa Slnha, who reures by roLauon and belng ellglble, oñers herself for re-appolnLmenL.
3. 1o ñx Lhe remunerauon of Lhe SLaLuLory AudlLors for Lhe llnanclal ?ear 2013-14.
SÞLCIAL 8USINLSS:
6. 1o conslder and lf LhoughL ñL, Lo pass wlLh or wlLhouL modlñcauon, Lhe followlng resoluuon as an C8ulnA8? 8LSCLu1lCn:
º8esolved LhaL Shrl 8. k. CupLa, who was appolnLed as non-Cmclal ÞarL-ume ulrecLor of Lhe Company by Lhe ÞresldenL of lndla vlde
leuer no. 1/38/96-ÞC daLed 16.01.2013 and Lhereaûer co-opLed as an Addluonal ulrecLor w.e.f. 16.01.2013 under Secuon 260 of Lhe
Companles AcL, 1936 and who holds omce upLo Lhe daLe of Lhls Annual Ceneral Meeung and ln respecL of whom, Lhe Company has
recelved a nouce ln wrlung from a Member proposlng hls candldaLure for Lhe omce of ulrecLor under Secuon 237 of Lhe Companles
AcL, 1936, be and ls hereby appolnLed as a ulrecLor of Lhe Company, llable Lo reure by roLauon."
7. 1o conslder and lf LhoughL ñL, Lo pass wlLh or wlLhouL modlñcauon, Lhe followlng resoluuon as an C8ulnA8? 8LSCLu1lCn:
º8esolved LhaL ur. k. 8amallngam, who was appolnLed as non-Cmclal ÞarL-ume ulrecLor of Lhe Company by Lhe ÞresldenL of lndla vlde
leuer no. 1/38/96-ÞC daLed 16.01.2013 and Lhereaûer co-opLed as an Addluonal ulrecLor w.e.f. 16.01.2013 under Secuon 260 of Lhe
Companles AcL, 1936 and who holds omce upLo Lhe daLe of Lhls Annual Ceneral Meeung and ln respecL of whom, Lhe Company has
recelved a nouce ln wrlung from a Member proposlng hls candldaLure for Lhe omce of ulrecLor under Secuon 237 of Lhe Companles
AcL, 1936, be and ls hereby appolnLed as a ulrecLor of Lhe Company, llable Lo reure by roLauon."
8. 1o conslder and lf LhoughL ñL, Lo pass wlLh or wlLhouL modlñcauon, Lhe followlng resoluuon as an C8ulnA8? 8LSCLu1lCn:
º8esolved LhaL Shrl 8. krlshnamoorLhy, who was appolnLed as non-Cmclal ÞarL-ume ulrecLor of Lhe Company by Lhe ÞresldenL of lndla
vlde leuer no. 1/38/96-ÞC daLed 16.01.2013 and Lhereaûer co-opLed as an Addluonal ulrecLor w.e.f. 16.01.2013 under Secuon 260 of
Lhe Companles AcL, 1936 and who holds omce upLo Lhe daLe of Lhls Annual Ceneral Meeung and ln respecL of whom, Lhe Company has
recelved a nouce ln wrlung from a Member proposlng hls candldaLure for Lhe omce of ulrecLor under Secuon 237 of Lhe Companles
AcL, 1936, be and ls hereby appolnLed as a ulrecLor of Lhe Company, llable Lo reure by roLauon."
9. 1o conslder and lf LhoughL ñL, Lo pass wlLh or wlLhouL modlñcauon, Lhe followlng resoluuon as an C8ulnA8? 8LSCLu1lCn:
º8esolved LhaL Shrl A[ay kumar Mlual, who was appolnLed as non-Cmclal ÞarL-ume ulrecLor of Lhe Company by Lhe ÞresldenL of lndla
vlde leuer no. 1/38/96-ÞC daLed 16.01.2013 and Lhereaûer co-opLed as an Addluonal ulrecLor w.e.f. 16.01.2013 under Secuon 260 of
Lhe Companles AcL, 1936 and who holds omce upLo Lhe daLe of Lhls Annual Ceneral Meeung and ln respecL of whom, Lhe Company
has recelved a nouce ln wrlung from a Member proposlng hls candldaLure for Lhe omce of ulrecLor under Secuon 237 of Lhe Companles
AcL, 1936, be and ls hereby appolnLed as a ulrecLor of Lhe Company, llable Lo reure by roLauon."
10. 1o conslder and lf LhoughL ñL, Lo pass wlLh or wlLhouL modlñcauon, Lhe followlng resoluuon as an C8ulnA8? 8LSCLu1lCn:
º8esolved LhaL Shrl Mahesh Shah, who was appolnLed as non-Cmclal ÞarL-ume ulrecLor of Lhe Company by Lhe ÞresldenL of lndla vlde
leuer no. 1/38/96-ÞC daLed 16.01.2013 and Lhereaûer co-opLed as an Addluonal ulrecLor w.e.f. 16.01.2013 under Secuon 260 of Lhe
Companles AcL, 1936 and who holds omce upLo Lhe daLe of Lhls Annual Ceneral Meeung and ln respecL of whom, Lhe Company has
recelved a nouce ln wrlung from a Member proposlng hls candldaLure for Lhe omce of ulrecLor under Secuon 237 of Lhe Companles
AcL, 1936, be and ls hereby appolnLed as a ulrecLor of Lhe Company, llable Lo reure by roLauon."
11. 1o conslder and lf LhoughL ñL, Lo pass wlLh or wlLhouL modlñcauon, Lhe followlng resoluuon as a SÞLClAL 8LSCLu1lCn:
º8esolved LhaL Shrl 8avl Þ. Slngh, who was appolnLed as ulrecLor (Þersonnel) of Lhe Company by Lhe ÞresldenL of lndla vlde leuer
||
no. 11/40/2010-ÞC daLed 22.02.2012 of MlnlsLry of Þower be and ls hereby appolnLed as ulrecLor (Þersonnel) of Lhe Company ln
compllance of Lhe provlslons of Secuon 233 of Lhe Companles AcL, 1936 and shall be llable Lo reure by roLauon."
12. 1o conslder and lf LhoughL ñL, Lo pass wlLh or wlLhouL modlñcauon, Lhe followlng resoluuon as a SÞLClAL 8LSCLu1lCn:
º8esolved LhaL Shrl 8.Þ. Sasmal, who was appolnLed as ulrecLor (Cperauons) of Lhe Company by Lhe ÞresldenL of lndla vlde leuer
no. 11/30/2011-ÞC daLed 01.08.2012 of MlnlsLry of Þower be and ls hereby appolnLed as ulrecLor (Cperauons) of Lhe Company ln
compllance of Lhe provlslons of Secuon 233 of Lhe Companles AcL, 1936 and shall be llable Lo reure by roLauon."
13. 1o conslder and, lf LhoughL ñL, Lo pass wlLh or wlLhouL modlñcauon(s) Lhe followlng resoluuon as a SÞLClAL 8LSCLu1lCn:-
º8LSCLvLu LhaL ln accordance wlLh Lhe provlslons of Secuon 81(1A) and oLher appllcable provlslons, lf any, of Lhe Companles AcL, 1936,
(lncludlng any sLaLuLory modlñcauon(s) or re-enacLmenL Lhereof, for Lhe ume belng ln force) and any oLher appllcable laws lncludlng
Lhe SL8l (lssue of CaplLal and ulsclosure 8equlremenLs) 8egulauons,2009 and oLher appllcable SL8l regulauons and guldellnes, Lhe
provlslons of Lhe Llsung AgreemenLs enLered lnLo by Lhe Company wlLh Lhe SLock Lxchanges upon whlch lLs equlLy shares are llsLed,
Lhe provlslons of Lhe Memorandum and Arucles of Assoclauon of Lhe Company, and sub[ecL Lo recelpL of approval of Lhe Securlues and
Lxchange 8oard of lndla (SL8l), 8eserve 8ank of lndla (88l) and oLher approprlaLe auLhorlues, and such oLher approvals, no ob[ecuon,
permlsslons and sancuons, as may be necessary, and sub[ecL Lo such condluons and modlñcauons as may be supulaLed or lmposed by
any of Lhem whlle granung such approvals, no ob[ecuon, permlsslons and sancuons whlch may be agreed Lo by Lhe 8oard of ulrecLors
of Lhe Company or any duly consuLuLed Commluee of Lhe 8oard (Lhe 8oard), approval be and ls hereby accorded Lo oñer, lssue and
alloL 69,44,38,802 equlLy shares (13° of exlsung pald up caplLal) sub[ecL Lo necessary approval of CovernmenL of lndla l.e. of/upLo
69,44,38,802 equlLy shares Lo such person or persons, who may or may noL be Lhe shareholders of Lhe Company, as Lhe 8oard may
aL lLs sole dlscreuon declde, lncludlng Lo ellglble lnvesLors (wheLher resldenLs and/or non-resldenLs and/or lnsuLuuons/lncorporaLed
bodles and/or lndlvlduals and/or LrusLees and/or banks or oLherwlse, ln domesuc and/or one or more lnLernauonal markeLs) lncludlng
Lo non-resldenL lndlans, lorelgn lnsuLuuonal lnvesLors (llls), venLure CaplLal lunds, lorelgn venLure CaplLal lnvesLors, SLaLe lndusLrlal
uevelopmenL Corporauons, lnsurance Companles, ÞrovldenL lunds, Þenslon lunds, uevelopmenL llnanclal lnsuLuuons, bodles
corporaLe, companles, prlvaLe or publlc, or oLher enuues, auLhorlues and employees by way of an employee reservauon, and Lo such
oLher persons, ln one or more comblnauons Lhereof Lhrough a publlc lssue lncludlng Lhe exerclse of a green-shoe opuon, lf any, aL such
prlce as may be deLermlned wheLher Lhrough book-bulldlng basls process wlLh a speclñed prlce band or Lhrough 'Aucuon' meLhod wlLh
a speclñed base / ßoor prlce or oLherwlse ln accordance wlLh Lhe SL8l (lssue of CaplLal and ulsclosure 8equlremenLs) 8egulauons,2009
ln consulLauon wlLh advlsors or such persons and on such Lerms and condluons as may be ñnallzed by Lhe 8oard".
º8LSCLvLu lu81PL8 LhaL Lhe equlLy shares Lo be so alloued shall be sub[ecL Lo Lhe Memorandum of Assoclauon and Arucles of
Assoclauon of Lhe Company and shall rank parl-passu ln all respecLs wlLh Lhe exlsung equlLy shares of Lhe Company lncludlng rlghLs ln
respecL of dlvldend".
º8LSCLvLu lu81PL8 LhaL for Lhe purpose of glvlng eñecL Lo any oñer, lssue, Lransfer or alloLmenL of equlLy shares, Lhe 8oard be and ls
hereby auLhorlzed Lo deLermlne Lhe Lerms of Lhe lssue, lncludlng Lhe class of lnvesLors Lo whom Lhe equlLy shares are Lo be lssued and
alloued, Lhe number of equlLy shares Lo be lssued ln each Lranche, lssue prlce, premlum/dlscounL Lo Lhe Lhen prevalllng markeL prlce,
amounL of lssue, dlscounL Lo lssue prlce Lo a class of lnvesLors (such as reLall publlc, employees and exlsung shareholders), ßexlblllLy of
parL paymenL aL Lhe ume of appllcauon by a class of lnvesLors (such as reLall publlc, employees and exlsung shareholders), lncludlng
Lhrough Appllcauon SupporLed by 8locked AmounL (AS8A), and paymenL of balance amounL on alloLmenL of shares, exerclse of a
green-shoe opuon, lf any, llsung on one or more sLock exchanges ln lndla or abroad as Lhe 8oard ln lLs absoluLe dlscreuon deems ñL and
Lo do all such acLs, deeds, mauers and Lhlngs and execuLe such deeds, documenLs and agreemenLs, as lL may, ln lLs absoluLe dlscreuon,
deem necessary, proper or deslrable, and Lo seule or glve lnsLrucuons or dlrecuons for seullng any quesuons, dlmculues or doubLs LhaL
may arlse ln regard Lo lollow on Þubllc Cñer, and Lhe Lransfer, alloLmenL and uullzauon of Lhe lssue proceeds, and Lo accepL and Lo glve
eñecL Lo such modlñcauons, changes, varlauons, alLerauons, deleuons, addluons as regards Lhe Lerms and condluons, as lL may, ln lLs
absoluLe dlscreuon, deem ñL and proper ln Lhe besL lnLeresLs of Lhe Company, wlLhouL requlrlng any furLher approval of Lhe members
and LhaL all or any of Lhe powers conferred on Lhe Company and Lhe 8oard vlde Lhls resoluuon may be exerclsed by Lhe 8oard or by any
Commluee of Lhe 8oard Lhereof or by Lhe CMu/ulrecLor (llnance) of Lhe Company, as Lhe 8oard may ln lLs absoluLe dlscreuon declde
ln Lhls behalf".
8y order of the 8oard of D|rectors
(D|vya 1andon)
Company Secretary
8egd. Cmce:
8-9, CuLab lnsuLuuonal Area,
kaLwarla Saral, new uelhl - 110 016.
uaLe: 06.08.2013
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NC1LS:
1. A MLM8L8 Ln1l1LLu 1C A11Lnu Anu vC1L A1 1PL MLL1lnC lS Ln1l1LLu 1C AÞÞCln1 A Þ8Cx? 1C A11Lnu Anu vC1L lnS1LAu Cl
PlMSLLl/PL8SLLl Anu 1PL Þ8Cx? nLLu nC1 8L A MLM8L8 Cl 1PL CCMÞAn?.
Þroxles, ln order Lo be eñecuve musL be lodged wlLh Lhe Company noL less Lhan 48 hours before Lhe commencemenL of Lhe Annual
Ceneral Meeung, l.e. laLesL by 11.00 a.m. on 1uesday 17
th
SepLember, 2013. 8lank proxy form ls enclosed.
2. As requlred by clause 49 of Lhe Llsung AgreemenL enLered lnLo wlLh Lhe SLock Lxchanges Lhe relevanL deLalls of Shrl SanLosh Saraf and
Ms. 8lLa Slnha, ulrecLors reurlng by roLauon and seeklng re-appolnLmenL under aforesald lLem no. 3 and 4, respecuvely ln accordance
wlLh appllcable provlslons of Lhe Arucles of Assoclauon of Lhe Company and Lhe deLalls of Lhose dlrecLors who are belng appolnLed ln
Lhls Annual Ceneral Meeung, are annexed.
3. none of Lhe ulrecLors of Lhe Company ls ln any way relaLed wlLh each oLher.
4. Members are requesLed Lo:-
(l) noLe LhaL coples of Annual 8eporL wlll noL be dlsLrlbuLed aL Lhe Annual Ceneral Meeung.
(ll) 8rlng Lhelr coples of Annual 8eporL, nouce and Auendance Sllp duly compleLed and slgned aL Lhe meeung.
(lll) uellver duly compleLed and slgned Auendance Sllp aL Lhe enLrance of Lhe meeung venue as enLry Lo Lhe Pall wlll be sLrlcLly on Lhe
basls of Lhe enLry sllp avallable aL Lhe counLer aL Lhe venue Lo be exchanged wlLh Lhe auendance sllp. ÞhoLocoples of Auendance
Sllp wlll noL be enLerLalned for lssulng enLry sllp for auendlng Annual Ceneral Meeung.
(lv) CuoLe Lhelr lollo/CllenL lu & uÞ lu nos. ln all correspondence.
(v) noLe LhaL due Lo sLrlcL securlLy reasons moblle phones, brlef cases, eaLables and oLher belonglngs are noL allowed lnslde Lhe
AudlLorlum.
(vl) noLe LhaL no glûs/coupons wlll be dlsLrlbuLed aL Lhe Annual Ceneral Meeung.
3. CorporaLe Members are requesLed Lo send a duly ceruñed copy of Lhe 8oard 8esoluuon/Þower of Auorney auLhorlzlng Lhelr
represenLauve Lo auend and voLe on Lhelr behalf aL Lhe Annual Ceneral Meeung. AlLernauvely such an auLhorlLy duly ceruñed should
be broughL by Lhe represenLauve auendlng on behalf of Lhe corporaLe body, aL Lhe meeung.
6. 1he 8eglsLer of Members and Share 1ransfer 8ooks of Lhe Company wlll remaln closed from 7
th
SepLember, 2013 Lo 19
th
SepLember,
2013 (boLh days lncluslve). 1he ñnal dlvldend on equlLy shares, as recommended by Lhe 8oard of ulrecLors, sub[ecL Lo Lhe provlslons
of Secuon 206A of Lhe Companles AcL, 1936, lf declared aL Lhe Annual Ceneral Meeung, wlll be pald on 10
th
CcLober, 2013 Lo Lhose
members whose name appears ln Lhe 8eglsLer of Members on Lhe 6
th
SepLember 2013.
7. 1he 8oard of dlrecLors, ln lLs meeung held on 12
th
lebruary, 2013, had declared an lnLerlm dlvldend [ 16.1° on Lhe pald-up equlLy
share caplLal of Lhe Company (l.e. ` 1.61 per share) whlch was pald on 4
th
March, 2013. Members who have noL recelved or noL
encashed Lhelr dlvldend warranL may approach karvy CompuLershare ÞrlvaLe LlmlLed, 8eglsLrar and 1ransfer AgenL of Lhe Company,
for revalldaung Lhe warranL or for obLalnlng dupllcaLe warranL. 1he 8oard had furLher recommended a llnal ulvldend [11.4° on Lhe
pald-up equlLy share caplLal of Lhe Company (l.e. `1.14 per share) aL lLs meeung held on 28
th
May, 2013. 1he dlvldend, lf declared aL
Lhe Annual Ceneral Meeung wlll be pald on 10
th
CcLober, 2013 Lo Lhose Members, whose names appear on Lhe 8eglsLer of Members
of Lhe Company as on 19
th
SepLember, 2013 ln respecL of physlcal shares. Powever, ln respecL of shares held ln demaLerlallsed form,
Lhe dlvldend wlll be payable Lo Lhose persons whose names appear as beneñclal owners as aL Lhe closure of Lhe buslness hours on
6
th
SepLember, 2013 as per deLalls Lo be furnlshed by Lhe deposlLorles.
8. ÞursuanL Lo Secuon 203A read wlLh Secuon 203C of Lhe Companles AcL, 1936, Lhe dlvldend amounLs whlch remaln unpald/ unclalmed
for a perlod of seven years, are requlred Lo be Lransferred Lo Lhe lnvesLors Lducauon & ÞroLecuon lund of Lhe CenLral CovernmenL.
Aûer such Lransfer, Lhere remalns no clalm of Lhe members whaLever on Lhe sald amounL. Members are advlsed Lo encash Lhelr
ulvldend warranLs lmmedlaLely on recelpL.
9. Members are advlsed Lo submlL Lhelr LlecLronlc Clearlng SysLem (LCS) mandaLes Lo enable Lhe Company Lo make remluance by
means of LCS. 1hose holdlng shares ln LlecLronlc form may send Lhe LCS MandaLe ln Lhe enclosed lorm dlrecLly Lo Lhelr ueposlLory
ÞaruclpanLs (uÞ). 1hose holdlng shares ln Þhyslcal form may send Lhe LCS MandaLe lorm Lo karvy CompuLershare ÞrlvaLe LlmlLed,
Lhe 8eglsLrar & Share 1ransfer AgenL of Lhe Company. 1hose who have already furnlshed Lhe LCS MandaLe lorm Lo Lhe Company/
ueposlLory ÞaruclpanL/8eglsLrar & 1ransfer AgenL wlLh compleLe deLalls need noL send lL agaln.
1he shareholders who hold shares ln Þhyslcal form and who do noL wlsh Lo opL for LCS faclllLy may please mall Lhelr bankers' name,
branch address and accounL number Lo karvy CompuLershare ÞrlvaLe LlmlLed, 8eglsLrar & Share 1ransfer AgenL of Lhe Company Lo
enable Lhem Lo prlnL Lhese deLalls on Lhe dlvldend warranLs.
10. Members holdlng shares ln muluple follos ln physlcal mode are requesLed Lo apply for consolldauon of shares Lo Lhe Company or lLs
8eglsLrar & Share 1ransfer AgenL along wlLh relevanL Share CeruñcaLes.
11. ÞursuanL Lo Secuon 619(2) of Lhe Companles AcL, 1936 Lhe audlLors of Lhe CovernmenL company are appolnLed or reappolnLed by Lhe
CompLroller & AudlLor Ceneral of lndla (C&AC) and ln Lerms of Secuon 224(8)(aa), Lhe remunerauon has Lo be ñxed by Lhe company ln
Lhe Annual Ceneral Meeung or ln such manner as Lhe company ln Ceneral Meeung may deLermlne. Approval of Lhe Members of Lhe
Company ls requlred Lo auLhorlze Lhe 8oard of ulrecLors of Lhe Company Lo approve Lhe remunerauon of Lhe SLaLuLory AudlLors/!olnL
SLaLuLory AudlLors of Lhe Company appolnLed by C&AC, for Lhe llnanclal ?ear 2013-14, as Lhe 8oard deem ñL.

12. All Lhe documenLs referred Lo ln Lhe accompanylng nouce are open for lnspecuon aL Lhe 8eglsLered Cmce of Lhe Company on all
worklng days (excludlng SaLurday and Sunday), beLween 11.00 AM Lo 1.00 ÞM up Lo Wednesday, Lhe 18
th
SepLember, 2013.
13. Members holdlng shares ln physlcal form and deslrous of maklng a nomlnauon ln respecL of Lhelr shareholdlng ln Lhe Company, as
permlued under Secuon 109A of Lhe Companles AcL, 1936, are requesLed Lo submlL Lo Lhe 8eglsLrar & Share 1ransfer AgenLs of Lhe
Company Lhe prescrlbed lorm (lorm 28 ln dupllcaLe) of Lhe Companles (CenLral CovernmenL's) Ceneral 8ules and lorms, 1936. ln case
of shares held ln demaLerlallzed form, Lhe nomlnauon has Lo be lodged wlLh Lhe respecuve ueposlLory ÞaruclpanL.
14. Annual Llsung fee for Lhe year 2013-14 has been pald Lo Lhe SLock Lxchanges whereln shares of Lhe Company are llsLed.
13. Members are requesLed Lo send all correspondence concernlng reglsLrauon of Lransfers, Lransmlsslons, sub-dlvlslon, consolldauon of
shares or any oLher shares relaLed mauer and bank accounL Lo Company's 8eglsLrars.
16. Members are requesLed Lo noufy lmmedlaLely any change of address:
(l) Lo Lhelr ueposlLory ÞaruclpanLs (uÞ) ln respecL of shares held ln demaLerlallzed form, and
(ll) Lo Lhe Company aL lLs 8eglsLered Cmce or lLs 8eglsLrar & Share 1ransfer AgenL, karvy CompuLershare ÞrlvaLe LlmlLed ln respecL of
Lhelr physlcal shares, lf any, quoung Lhelr follo number.
17. Members deslrous of gemng any lnformauon on any lLems of buslness of Lhls meeung are requesLed Lo address Lhelr querles Lo Lhe
Company SecreLary aL leasL Len days prlor Lo Lhe daLe of Lhe meeung, so LhaL Lhe lnformauon requlred can be made readlly avallable aL
Lhe meeung.
18. Important Commun|canon to Members:-
1he MlnlsLry of CorporaLe Añalrs (MCA) under ºCreen lnluauve ln Lhe CorporaLe Covernance" allowed paperless compllances by Lhe
companles. MCA had lssued clrculars sLaung LhaL servlce of nouce/documenLs lncludlng Annual 8eporL can be senL by e-mall Lo lLs
members. Members who have noL reglsLered Lhelr e-mall addresses, so far, are requesLed Lo reglsLer Lhelr e-mall addresses, ln respecL
of elecLronlc holdlngs wlLh Lhe ueposlLory Lhrough Lhelr concerned ueposlLory ÞaruclpanLs. Members who hold shares ln physlcal form
are requesLed Lo ñll Lhe lorm and hand over Lhe same along wlLh Auendance lorm aL Lhe 8eglsLrauon CounLer of venue of Annual
Ceneral Meeung for reglsLrauon of Lmall address for recelvlng nouce/documenLs lncludlng Annual 8eporL.
Annexure to Nonce
LkÞLANA1Ck¥ S1A1LMLN1
Item No. 6
Shrl 8. k. CupLa was appolnLed as parL-ume non-omclal ulrecLor on Lhe 8oard of ÞCWL8C8lu, w.e.f. 16.01.2013 by Lhe ÞresldenL of lndla
vlde Leuer no. 1/38/96-ÞC daLed 16.01.2013 lssued by MlnlsLry of Þower. ln Lerms of Clause 31A ln Lhe Arucles of Assoclauon lnserLed
w.e.f. 23.04.2013 Lhe 8oard ls empowered Lo appolnL Lhe dlrecLors appolnLed/recommended for appolnLmenL by Lhe ÞresldenL of lndla as
an Addluonal ulrecLor under Secuon 260 of Lhe AcL and Lhey wlll be appolnLed by Lhe Shareholders aL Lhe succeedlng Ceneral Meeung.
Accordlngly, Lhe 8oard ln lLs meeung held on 01.03.2013, co-opLed Shrl 8. k. CupLa as an Addluonal ulrecLor wlLh eñecL from 16.01.2013
under Secuon 260 of Lhe Companles AcL, 1936 and Shrl CupLa holds omce upLo Lhe daLe of Lhe ensulng Annual Ceneral Meeung.
1he Company has recelved a nouce ln wrlung from a member pursuanL Lo Lhe provlslons of Secuon 237 of Lhe Companles AcL, 1936,
slgnlfylng hls lnLenuon Lo propose Lhe appolnLmenL of Shrl 8. k. CupLa as a ulrecLor on Lhe 8oard of ÞCWL8C8lu.
1he above appolnLmenL of Shrl 8. k. CupLa as ÞarL-ume non-omclal ulrecLor (lndependenL ulrecLor) on Lhe 8oard of Lhe Company, belng
llable Lo reure by roLauon ln Lerms of Secuon 233 of Lhe Companles AcL, 1936 read wlLh Arucle 31A of Lhe Arucles of Assoclauon of Lhe
Company requlres approval of Lhe Members ln Lhe Ceneral Meeung. 8rlef resume of Shrl 8. k. CupLa ls annexed.
Shrl 8. k. CupLa holds nlL shares ln ÞCWL8C8lu.
none of Lhe ulrecLors excepL Shrl 8. k. CupLa ls lnLeresLed or concerned ln Lhe resoluuon.
Item No. 7
ur. k. 8amallngam was appolnLed as parL-ume non-omclal ulrecLor on Lhe 8oard of ÞCWL8C8lu, w.e.f. 16.01.2013 by Lhe ÞresldenL of lndla
vlde Leuer no. 1/38/96-ÞC daLed 16.01.2013 lssued by MlnlsLry of Þower. ln Lerms of Clause 31A ln Lhe Arucles of Assoclauon lnserLed
w.e.f. 23.04.2013 Lhe 8oard ls empowered Lo appolnL Lhe dlrecLors appolnLed/recommended for appolnLmenL by Lhe ÞresldenL of lndla as
an Addluonal ulrecLor under Secuon 260 of Lhe AcL and Lhey wlll be appolnLed by Lhe Shareholders aL Lhe succeedlng Ceneral Meeung.
Accordlngly, Lhe 8oard ln lLs meeung held on 01.03.2013, co-opLed ur. k. 8amallngam as an Addluonal ulrecLor wlLh eñecL from 16.01.2013
under Secuon 260 of Lhe Companles AcL, 1936 and ur. 8amallngam holds omce upLo Lhe daLe of Lhe ensulng Annual Ceneral Meeung.
1he Company has recelved a nouce ln wrlung from a member pursuanL Lo Lhe provlslons of Secuon 237 of Lhe Companles AcL, 1936,
slgnlfylng hls lnLenuon Lo propose Lhe appolnLmenL of ur. k. 8amallngam as a ulrecLor on Lhe 8oard of ÞCWL8C8lu.
1he above appolnLmenL of ur. k. 8amallngam as ÞarL-ume non-omclal ulrecLor (lndependenL ulrecLor) on Lhe 8oard of Lhe Company, belng
llable Lo reure by roLauon ln Lerms of Secuon 233 of Lhe Companles AcL, 1936 read wlLh Arucle 31A of Lhe Arucles of Assoclauon of Lhe
Company requlres approval of Lhe Members ln Lhe Ceneral Meeung. 8rlef resume of ur. k. 8amallngam ls annexed.
ur. k. 8amallngam holds nlL shares ln ÞCWL8C8lu.
none of Lhe ulrecLors excepL ur. k. 8amallngam ls lnLeresLed or concerned ln Lhe resoluuon.
º
Item No. 8
Shrl 8. krlshnamoorLhy was appolnLed as parL-ume non-omclal ulrecLor on Lhe 8oard of ÞCWL8C8lu, w.e.f. 16.01.2013 by Lhe ÞresldenL
of lndla vlde Leuer no. 1/38/96-ÞC daLed 16.01.2013 lssued by MlnlsLry of Þower. ln Lerms of Clause 31A ln Lhe Arucles of Assoclauon
lnserLed w.e.f. 23.04.2013 Lhe 8oard ls empowered Lo appolnL Lhe dlrecLors appolnLed/recommended for appolnLmenL by Lhe ÞresldenL
of lndla as an Addluonal ulrecLor under Secuon 260 of Lhe AcL and Lhey wlll be appolnLed by Lhe Shareholders aL Lhe succeedlng Ceneral
Meeung. Accordlngly, Lhe 8oard ln lLs meeung held on 01.03.2013, co-opLed Shrl 8. krlshnamoorLhy as an Addluonal ulrecLor wlLh eñecL
from 16.01.2013 under Secuon 260 of Lhe Companles AcL, 1936 and Shrl krlshnamoorLhy holds ofñce upLo Lhe daLe of Lhe ensulng Annual
Ceneral Meeung.
1he Company has recelved a nouce ln wrlung from a member pursuanL Lo Lhe provlslons of Secuon 237 of Lhe Companles AcL, 1936,
slgnlfylng hls lnLenuon Lo propose Lhe appolnLmenL of Shrl 8. krlshnamoorLhy as a ulrecLor on Lhe 8oard of ÞCWL8C8lu.
1he above appolnLmenL of Shrl 8. krlshnamoorLhy as ÞarL-ume non-omclal ulrecLor (lndependenL ulrecLor) on Lhe 8oard of Lhe Company,
belng llable Lo reure by roLauon ln Lerms of Secuon 233 of Lhe Companles AcL, 1936 read wlLh Arucle 31A of Lhe Arucles of Assoclauon of
Lhe Company requlres approval of Lhe Members ln Lhe Ceneral Meeung. 8rlef resume of Shrl 8. krlshnamoorLhy ls annexed.
Shrl 8. krlshnamoorLhy holds 286 shares ln ÞCWL8C8lu.
none of Lhe ulrecLors excepL Shrl 8. krlshnamoorLhy ls lnLeresLed or concerned ln Lhe resoluuon.
Item No. 9
Shrl A[ay kumar Mlual was appolnLed as parL-ume non-omclal ulrecLor on Lhe 8oard of ÞCWL8C8lu, w.e.f. 16.01.2013 by Lhe ÞresldenL
of lndla vlde Leuer no. 1/38/96-ÞC daLed 16.01.2013 lssued by MlnlsLry of Þower. ln Lerms of Clause 31A ln Lhe Arucles of Assoclauon
lnserLed w.e.f. 23.04.2013 Lhe 8oard ls empowered Lo appolnL Lhe dlrecLors appolnLed/recommended for appolnLmenL by Lhe ÞresldenL
of lndla as an Addluonal ulrecLor under Secuon 260 of Lhe AcL and Lhey wlll be appolnLed by Lhe Shareholders aL Lhe succeedlng Ceneral
Meeung. Accordlngly, Lhe 8oard ln lLs meeung held on 01.03.2013, co-opLed Shrl A[ay kumar Mlual as an Addluonal ulrecLor wlLh eñecL
from 16.01.2013 under Secuon 260 of Lhe Companles AcL, 1936 and Shrl Mlual holds ofñce upLo Lhe daLe of Lhe ensulng Annual Ceneral
Meeung.
1he Company has recelved a nouce ln wrlung from a member pursuanL Lo Lhe provlslons of Secuon 237 of Lhe Companles AcL, 1936,
slgnlfylng lnLenuon Lo propose Lhe appolnLmenL of Shrl A[ay kumar Mlual as an lndependenL ulrecLor on Lhe 8oard of ÞCWL8C8lu.
1he above appolnLmenL of Shrl A[ay kumar Mlual as ÞarL-ume non-omclal ulrecLor (lndependenL ulrecLor) on Lhe 8oard of Lhe Company,
belng llable Lo reure by roLauon ln Lerms of Secuon 233 of Lhe Companles AcL, 1936 read wlLh Arucle 31A of Lhe Arucles of Assoclauon of
Lhe Company requlres approval of Lhe Members ln Lhe Ceneral Meeung. 8rlef resume of Shrl A[ay kumar Mlual ls annexed.
Shrl A[ay kumar Mlual holds 879 shares ln ÞCWL8C8lu.
none of Lhe ulrecLors excepL Shrl A[ay kumar Mlual ls lnLeresLed or concerned ln Lhe resoluuon.
Item No. 10
Shrl Mahesh Shah was appolnLed as parL-ume non-omclal ulrecLor on Lhe 8oard of ÞCWL8C8lu, w.e.f. 16.01.2013 by Lhe ÞresldenL of lndla
vlde Leuer no. 1/38/96-ÞC daLed 16.01.2013 lssued by MlnlsLry of Þower. ln Lerms of Clause 31A ln Lhe Arucles of Assoclauon lnserLed
w.e.f. 23.04.2013 Lhe 8oard ls empowered Lo appolnL Lhe dlrecLors appolnLed/recommended for appolnLmenL by Lhe ÞresldenL of lndla as
an Addluonal ulrecLor under Secuon 260 of Lhe AcL and Lhey wlll be appolnLed by Lhe Shareholders aL Lhe succeedlng Ceneral Meeung.
Accordlngly, Lhe 8oard ln lLs meeung held on 01.03.2013, co-opLed Shrl Mahesh Shah as an Addluonal ulrecLor wlLh eñecL from 16.01.2013
under Secuon 260 of Lhe Companles AcL, 1936 and Shrl Shah holds omce upLo Lhe daLe of Lhe ensulng Annual Ceneral Meeung.
1he Company has recelved a nouce ln wrlung from a member pursuanL Lo Lhe provlslons of Secuon 237 of Lhe Companles AcL, 1936,
slgnlfylng hls lnLenuon Lo propose Lhe appolnLmenL of Shrl Mahesh Shah as an lndependenL ulrecLor on Lhe 8oard of ÞCWL8C8lu.
1he above appolnLmenL of Shrl Mahesh Shah as ÞarL-ume non-omclal ulrecLor (lndependenL ulrecLor) on Lhe 8oard of Lhe Company, belng
llable Lo reure by roLauon ln Lerms of Secuon 233 of Lhe Companles AcL, 1936 read wlLh Arucle 31A of Lhe Arucles of Assoclauon of Lhe
Company requlres approval of Lhe Members ln Lhe Ceneral Meeung. 8rlef resume of Shrl Mahesh Shah ls annexed.
Shrl Mahesh Shah holds nlL shares ln ÞCWL8C8lu.
none of Lhe ulrecLors excepL Shrl Mahesh Shah ls lnLeresLed or concerned ln Lhe resoluuon.
Item No. 11
Shrl 8avl Þ. Slngh was appolnLed as ulrecLor (Þersonnel) of Lhe Company by Lhe ÞresldenL of lndla vlde leuer daLed 22.02.2012 of MlnlsLry of
Þower and assumed charge w.e.f. 01.04.2012. Pls appolnLmenL ls proposed Lo be made by Ceneral Meeung ln Lerms of Secuon 233 of Lhe
Companles AcL,1936 and he shall be llable Lo reure by roLauon.
1he Company has recelved a nouce ln wrlung from a member pursuanL Lo Lhe provlslons of Secuon 237 of Lhe Companles AcL, 1936,
slgnlfylng hls lnLenuon Lo propose Lhe appolnLmenL of Shrl 8avl Þ. Slngh as ulrecLor (Þersonnel) of Lhe Company.
Shrl 8avl Þ. Slngh holds 9016 shares ln ÞCWL8C8lu.
none of Lhe ulrecLors excepL Shrl 8avl Þ. Slngh ls lnLeresLed or concerned ln Lhe resoluuon.
8rlef resume of Shrl 8avl Þ. Slngh ls annexed.
º|
Item No. 12
Shrl 8.Þ. Sasmal was appolnLed as ulrecLor (Cperauons) of Lhe Company by Lhe ÞresldenL of lndla vlde leuer daLed 01.08.2012 of MlnlsLry of
Þower and assumed charge w.e.f. 01.08.2012. Pls appolnLmenL ls proposed Lo be made by Ceneral Meeung ln Lerms of Secuon 233 of Lhe
Companles AcL,1936 and he shall be llable Lo reure by roLauon.
1he Company has recelved a nouce ln wrlung from a member pursuanL Lo Lhe provlslons of Secuon 237 of Lhe Companles AcL, 1936,
slgnlfylng hls lnLenuon Lo propose Lhe appolnLmenL of Shrl 8.Þ. Sasmal as ulrecLor (Cperauons) of Lhe Company.
Shrl 8.Þ. Sasmal holds 1798 shares ln ÞCWL8C8lu.
none of Lhe ulrecLors excepL Shrl 8.Þ. Sasmal ls lnLeresLed or concerned ln Lhe resoluuon.
8rlef resume of Shrl 8.Þ. Sasmal ls annexed.
Item No. 13
An lnvesLmenL of abouL `100000 Crore ls planned by Lhe Company durlng xll Þlan for furLher developlng nauonal Crld lncludlng lnLer-
reglonal Lransmlsslon sysLems, sysLem sLrengLhenlng schemes, Lransmlsslon sysLem for evacuauon of power from generauon pro[ecLs under
cenLral secLor and ulLra Mega Þower Þro[ecLs (uMÞÞs). 1he CL8C ln lLs 1arlñ norms for Lhe block 2009-14 has prescrlbed Lhe celllng llmlL
for deploymenL of equlLy Lo Lhe exLenL of 30° of pro[ecL cosL. Accordlngly, Lhe requlremenL of equlLy for fundlng Lhe xll Þlan ouLlay of
` 100000 crore ls Lo Lhe exLenL of ` 30000 crore. uurlng Lhe ñrsL year of xll plan, lnvesLmenL of ` 20037 Crore has already been made. Capex
of ` 20000 crore ls planned Lo be lncurred ln each of ñnanclal year of balance xll Þlan perlod. 1hls ls furLher expecLed Lo lncrease due Lo
new lnluauves ln Lhe area of !v wlLh sLaLe uullues for sub Lransmlsslon sysLem, Creen energy corrldor and Þro[ecLs secured/Lo be secured
Lhrough Larlñ based compeuuve blddlng process whlch wlll furLher acceleraLe equlLy fundlng requlremenL.
1aklng lnLo accounL Lhe esumaLed lnLernal resources accruals for deploymenL as equlLy, lL ls proposed Lo meeL Lhe requlremenL of equlLy
lnfuslon Lhrough lssue of fresh equlLy shares.
Accordlngly, Lhe 8oard of ulrecLors ln Lhelr 289Lh meeung held on 1
st
AugusL, 2013 has approved Lhe lollow on Þubllc Cñer of ÞCWL8C8lu
of 13° of exlsung pald up caplLal comprlslng fresh lssue of 69,44,38,802 LqulLy shares of face value of `10 each sub[ecL Lo approval by Lhe
CovernmenL of lndla.
ln order Lo fulñll Lhe equlLy requlremenL, lL ls proposed Lo make a fresh publlc lssue of equlLy shares sub[ecL Lo necessary approval of
CovernmenL of lndla l.e. of/upLo 69,44,38,802 equlLy shares (upLo 13° of exlsung pald up CaplLal) as deLalled ln proposed 8esoluuon Lo
fund Company's lnvesLmenL programme.
As per Lhe provlslons of Secuon 81(1A) of Lhe Companles AcL, 1936, for lssue of equlLy shares Lo such person or persons, who may or may
noL be Lhe shareholders of Lhe Company on Lhe daLe of such oñer, lL ls mandaLory Lo pass speclal resoluuon Lo LhaL eñecL by Lhe Company.
Approval of Lhe shareholders ls soughL under Secuon 81(1A) of Lhe Companles AcL, 1936.
none of Lhe ulrecLors ls concerned or lnLeresLed ln Lhe resoluuon excepL Lo Lhe exLenL LhaL he/she ls a ulrecLor of Lhe Company.
8y order of the 8oard of D|rectors
(D|vya 1andon)
Company Secretary
8egd. Cmce:
8-9, CuLab lnsuLuuonal Area,
kaLwarla Saral, new uelhl - 110 016.
uaLe: 06.08.2013
º||
Name Shr| Santosh Saraf
uaLe of 8lrLh and Age 01.09.1931 / 61 years
uaLe of AppolnLmenL 27
th
uecember, 2011
Cuallñcauon 8.CCM, lCA
Lxperuse ln speclñc funcuonal
area
Pe sLarLed hls career ln 1977 as a pracuclng CharLered AccounLanL and has experlence of more Lhan 36 years
ln Lhe ñeld of ñnance and Laxauon. Pe has served on professlonal asslgnmenLs Lo many large lndusLrlal groups,
banks, corporaLes and esLeemed professlonals. Pe was Chalrman, WesLern uevelopmenL Councll of Assocham
& has held posluon of Managlng Commluee and ÞaLron member for Assocham. Pe was member, CenLral 8oard
of 1rusLees, LÞlC. Pe ls member of CosL Accounung SLandards 8oard of lnsuLuLe of CosL AccounLanLs of lndla.
ulrecLorshlp held ln oLher
Companles (ÞarL-ume)
1. Þower SysLem Cperauon Corporauon LLd.
2. norLh LasLern LlecLrlc Þower Corporauon LLd.
3. Smrldhl ÞlasL ÞvL. LLd.
4. Smrldhl ConsulLanLs ÞvL. LLd.
3. 8llssful uevelopers and ConsulLanLs ÞvL. LLd
Membershlp / Chalrmanshlp of
Commluees ln oLher Companles
AudlL Commluee
1. Þower SysLem Cperauon Corporauon LLd. - Chalrman
2. norLh LasLern LlecLrlc Þower Corporauon LLd. - Chalrman
no. of Shares held 1190
Name Ms. k|ta S|nha
uaLe of 8lrLh and Age 30.07.1930 / 63 years
uaLe of AppolnLmenL 27
th
uecember, 2011
Cuallñcauon M.A. (Ceography), Þun[ab unlverslLy, Chandlgarh
Lxperuse ln speclñc funcuonal
area
She reured from Lhe l.A.S. ln !uly 2010 from Lhe posL of SecreLary Lo Lhe CovernmenL of lndla, ueparLmenL
of Land 8esources, MlnlsLry of 8ural uevelopmenL. She has held several asslgnmenLs boLh ln Lhe CenLral
and SLaLe CovernmenLs ln a career span of almosL 38 years.
ulrecLorshlp held ln oLher
Companles (ÞarL-ume)
nlL
Membershlp / Chalrmanshlp of
Commluees ln oLher Companles
nlL
no. of Shares held nlL
Name Shr| k. k. Gupta
uaLe of 8lrLh and Age 08.04.1930 / 63 ?ears
uaLe of AppolnLmenL 16
th
!anuary, 2013
Cuallñcauon uegree ln LlecLrlcal Lnglneerlng and uocLoraLe ln ManagemenL
Lxperuse ln speclñc funcuonal
area
Pe ls a professor of Puman 8ehavlour & Crganlzauon uevelopmenL aL ManagemenL uevelopmenL lnsuLuLe,
Curgaon. 8efore Lhls he was a Þrofessor aL l.l.M. Lucknow. Pe ls also a Þrofesslonal Member of Lhe lndlan SocleLy
of Applled 8ehavloural Sclence (lSA8S). Pe has consulLed wlLh lndo-Culf lerullsers, Þower 1radlng Corporauon,
nLLÞCC and oLher large organlzauons on organlzauon deslgn and developmenL. Pe has four books and over 100
sclenuñc publlcauons Lo hls credlL. Pe ls also on Lhe lnLernauonal LdlLorlal 8oards of a number of [ournals such as
lnLernauonal !ournal of Cross-CulLural ManagemenL (Sage, London), !ournal of 8esearch Þracuce (Cnllne [ournal)
and lnLernauonal !ournal of lndlan CulLure and 8uslness ManagemenL (lndersclence, SwlLzerland). Pe ls a member
of Lhe CusLomer Servlce Commluee of 8ank of 8aroda. Pe was a member of Lhe Advlsory Croup on P8 lssues of
Þubllc SecLor 8anks seL up by Lhe MlnlsLry of llnance, CovernmenL of lndla. Pe ls also a member of Lhe LxperL
Croup on Þsychology seL up by Lhe lndlan Councll of Soclal Sclence 8esearch (lCSS8) for Lhe nexL survey of research
and ls on Lhe Advlsory Commluee of a large research pro[ecL funded by lCSS8. Pe ls Lhe 8esearch Advlsor Lo Lhe kll1
School of ManagemenL, 8hubaneswar. ln addluon he ls on Lhe academlc advlsory bodles of a number of unlverslues,
managemenL lnsuLuLes, and ls oûen lnvolved ln faculLy selecuon processes, docLoral Lhesls examlnauon eLc.
ulrecLorshlp held ln oLher
Companles
nlL
Membershlp / Chalrmanshlp of
Commluees ln oLher Companles
nlL
no. of Shares held nlL
8kILI kLSUML CI 1nL DIkLC1CkS SLLkING kL-LLLC1ICN AND DIkLC1CkS AÞÞCIN1LD SINCL LAS1 ANNUAL GLNLkAL
MEETING
D|rectors seek|ng re-e|ecnon at the 24
th
AGM:
2.
1.
1.
D|rectors be|ng appo|nted at th|s Annua| Genera| Meenng
º|||
Name Dr. k. kama||ngam
uaLe of 8lrLh and
Age
10.12.1948 / 64 ?ears
uaLe of AppolnLmenL 16
th
!anuary, 2013
Cuallñcauon M. 1ech, LlecLrlcal Lnglneerlng, ll1 Chennal, ÞosL CraduaLe ulploma ln ManagemenL, ulploma ln Labour Law and
AdmlnlsLrauve Law and Þh.u. (SaLelllLe navlgauon)
Lxperuse ln speclñc
funcuonal area
Pe sLarLed hls career as 1echnlcal omcer ln uCCA ln 1972 Lhrough Lnglneerlng Servlces, he has served more Lhan
36 years ln uCCA, nauonal AlrporLs AuLhorlLy, kochl lnLernauonal AlrporL ÞvL. LLd. and AlrporLs AuLhorlLy of
lndla and reured as Chalrman, AAl. Pe was on Lhe 8oard of AAl for a perlod of more Lhan 11 years and served as
Member (Þlannlng) and Chalrperson. Pe has been on Lhe 8oard of lndlan Alrllnes, Pyderabad lnLernauonal AlrporL
LLd, Covernlng Councll of lndlra Candhl 8asLrlya udaan Acadamy, AlrporLs Councll lnLernauonal (ACl) Asla Þaclñc
8eglon and governlng 8oard member of ACl - Lhe lnLernauonal body of AlrporLs and member, execuuve commluee,
CAnSC- Lhe lnLernauonal body of Clvll Alr navlgauon Servlce Þrovlders. Pe possesses varled experlence ln plannlng,
Lnglneerlng, Cperauons, MalnLenance, CorporaLe ManagemenL, Þro[ecL ManagemenL, ÞrocuremenL and ConLracL
ManagemenL, P8, Commerclal and llnance.
Pe was also a member of varlous Commluees and lnLer MlnlsLerlal Croups (lMC's) seLup by Lhe Col for developmenL
of new Creen lleld AlrporLs, AlrporLs ln norLh LasL 8eglon, Creenñeld AlrporL Þollcy, member- luLure Avlauon SysLem
(lAnS) commluee and Clobal navlgauon SaLelllLes SysLem (CnSS) panel of lCAC, eLc. Pe was closely assoclaLed wlLh
Lhe long Lerm plannlng and lmplemenLauon of SaLelllLe based navlgauon sysLem CACAn- a [olnL venLure pro[ecL wlLh
lS8C. Pe was a member of varlous lndlan delegauons for auendlng meeungs / conferences / workshop of lCAC, lAA,
WA8C, lA1A, ACl, CAnSC and presenLed a number of papers. Pe was appolnLed as Chalrman of MayLas lnfra LLd. by
Lhe Col ln 2009 Lo revlve Lhe Company from llnanclal Crlsls of SaLyam.
ulrecLorshlp held ln
oLher Companles
nlL
Membershlp /
Chalrmanshlp of
Commluees ln oLher
Companles
nlL
no. of Shares held nlL
Name Shr| k. kr|shnamoorthy
uaLe of 8lrLh and
Age
12.01.1943 / 68 ?ears
uaLe of AppolnLmenL 16
th
!anuary, 2013
Cuallñcauon Cost Accountant
Lxperuse ln speclñc
funcuonal area
Pe ls a lellow Member of Lhe CosL and Works AccounLanLs of lndla. Pavlng been ln Þower & llnanclal SecLor for more
Lhan 37 years, he possesses very rlch experlence ln Þro[ecL Appralsal, llnanclal Appralsal, llnanclal ManagemenL and
8egulaLory AspecLs.
Pe held Lhe posluons of Member CL8C, Member uL8C, Chalrman & Managlng ulrecLor of Þower llnance Corporauon
(ÞlC) and ulrecLor (llnance) of ÞlC. 8efore [olnlng ÞlC he was wlLh nauonal PydroelecLrlc Þower Corporauon
(nPÞC). Pe was Member, Commluee consuLuLed by CovL. of karnaLaka Lo resolve cerLaln lssues on ÞÞA and cosL
of a ÞrlvaLe SecLor Þro[ecL vls-a-vls SLaLe Þower ulsLrlbuuon Companles, Chalrman, 'Lmpowered Commluee' seL up
for encouraglng compeuuon ln developmenL of Lransmlsslon pro[ecLs, consuLuLed by MlnlsLry of Þower, Member,
ueepak Þarlkh Commluee of MlnlsLry of Þower on SLaLe-speclñc 8eforms under CovL. of lndla's AÞu8Þ (AcceleraLed
Þower uevelopmenL & 8eform Þrogram), Member, Commluee on 'llnanclng of Þower SecLor' durlng x & xl Þlan,
Member, Advlsory Councll of Lhe Þro[ecL ManagemenL lnsuLuLe, n1ÞC, Member, 1ask lorce consuLuLed by CovL. of
karnaLaka for sLeerlng power secLor reforms ln karnaLaka. Pe ls also ln Lhe 8oard of few Þower SecLor Companles ln
Lhe ÞrlvaLe SecLor and Advlsor Lo 1PuC.
ulrecLorshlp held ln
oLher Companles
1. Lanco lnfraLech LLd.
2. Lanco Anpara Þower LLd.
3. Lanco Pydro Þower LLd.
Membershlp /
Chalrmanshlp of
Commluees ln oLher
Companles
AudlL Commluee:
1. Lanco Pydro Þower LLd. - Chalrman.
2. Lanco lnfraLech LLd. - Member.
3. Lanco Anpara Þower LLd. - Member.
no. of Shares held 286
2.
3.
|/
Name Shr| A[ay kumar M|ua|
uaLe of 8lrLh and Age 01.07.1961 / 32 ?ears
uaLe of AppolnLmenL 16
th
!anuary, 2013
Cuallñcauon FCA
Lxperuse ln speclñc
funcuonal area
Pe ls lellow Member of lnsuLuLe of CharLered AccounLanLs of lndla and ls ln pracuce ln uelhl. Pe sLarLed hls career
ln 1986 as a llnance Manager ln CovL. llnanclal lnsuLuuon and had been a lellow Lo unlLed nauon lndusLrlal
uevelopmenL Crganlsauon (unluC). Pe has a wlde experlence of more Lhan 27 years ln Lhe ñeld of llnance,
Þro[ecL Appralsal, llnanclal ManagemenL and ln all CovernmenL sLaLuLory compllances.
ulrecLorshlp held ln
oLher Companles
Mlual Securlues ÞvL. LLd.
Membershlp /
Chalrmanshlp of
Commluees ln oLher
Companles
nlL
no. of Shares held 879
Name Shr| Mahesh Shah
uaLe of 8lrLh and Age 23.12.1932 / 60 ?ears
uaLe of AppolnLmenL 16
th
!anuary, 2013
Cuallñcauon CharLered AccounLanL, CosL AccounLanL, Company SecreLary along wlLh a degree ln Law and 8uslness ManagemenL
Lxperuse ln speclñc
funcuonal area
Pe has successfully dealL wlLh varlous companles and lndusLrlal houses ln Lhe area of asseL fundlng, arranglng
lnsuLuuonal ñnance, pro[ecL evaluauon, acqulsluon, merger, corporaLe advlsory servlces lnvesLmenL eLc. as Lhe
dlrecLor of lnLer CorporaLe llnanclers & ConsulLanLs LLd, SL8l AuLhorlzed CaLegory - l MerchanL 8anker.
Pe ls Lhe ÞasL ÞresldenL, lCSl, lCWAl and was member of Accounung SLandard 8oard of lCAl, Compllance Commluee
of lnLernauonal lederauon of AccounLanL (llAC), Lxecuuve Commluee of Confederauon of Aslan and Þaclñc
AccounLanLs (CAÞA) and SouLh Aslan lederauon of AccounLanLs (SAlA).
Pe has represenLed leadlng lndusLrlal and Lrade bodles-boLh aL reglonal and nauonal level such as Cll, llCCl,
ASSCCPAM eLc. and he was a member of advlsory commluee, lClAl, member, Lechnlcal group for Lhe ueposlLory
SysLem appolnLed by MlnlsLry of llnance and member of revlew commluee for revlewlng M81Þ AcL, Companles AcL,
CharLered AccounLanLs AcL, Companles SecreLarles AcL, CosL and Works AccounLanLs AcL appolnLed by MlnlsLry of
Law, CovernmenL of lndla.
Pe has also paruclpaLed and represenLed Þapers ln varlous nauonal and lnLernauonal semlnars, workshops and
professlonal developmenL programs conducLed by varlous lnsuLuLes, oLher Lrade, educauonal and professlonal
bodles and conLrlbuLed Arucles ln varlous professlonal !ournals and uallles.
ulrecLorshlp held ln
oLher Companles
1. lnLer CorporaLe llnanclers and ConsulLanLs LLd.
2. nMuC LLd.
Membershlp /
Chalrmanshlp of
Commluees ln oLher
Companles
nlL
no. of Shares held nlL
4.
S.
Name Shr| kav| Þ. S|ngh
uaLe of 8lrLh and Age 21.01.1960 / 33 years
uaLe of AppolnLmenL 1
st
Aprll, 2012
Cuallñcauon 8.L. (Mechanlcal Lnglneerlng), nl1, Allahabad, ÞosL CraduaLe ulploma ln P8, AlMA
Lxperuse ln speclñc
funcuonal area
Pe ls ulrecLor (Þersonnel) of our Company. Shrl Slngh has over 31 years of work experlence ln Lhe power secLor
handllng varlous mulu-dlsclpllnary funcuons llke P8, 1elecom, ConLracLs, MaLerlals, Þlannlng, MonlLorlng and
1ransmlsslon SysLem ConsLrucuon/ C&M. 8efore [olnlng ÞCWL8C8lu ln 1991, he had worked ln n1ÞC LLd. for
around 10 years.
ulrecLorshlp held ln oLher
Companles (ÞarL-ume)
1. Þowerllnks 1ransmlsslon LLd.
2. Þ1C lndla LLd.
3. Þowergrld nM 1ransmlsslon LLd.
Membershlp /
Chalrmanshlp of
Commluees ln oLher
Companles
AudlL Commluee
Þowerllnks 1ransmlsslon LLd. - Member
no. of Shares held 9016
6.
/
Name Shr| k. Þ. Sasma|
uaLe of 8lrLh and Age 28.02.1938 / 33 years
uaLe of AppolnLmenL 1
st
August, 2012
Cuallñcauon 8.Sc. Lnglneerlng (LlecLronlcs & 1ele-Communlcauon), Sambalpur unlverslLy, Cdlsha
Lxperuse ln speclñc
funcuonal area
Pe ls ulrecLor (Cperauons) of our Company. Pe has more Lhan 31 years of experlence ln power secLor. Shrl
Sasmal has handled mulu-dlsclpllnary funcuons such as plannlng, monlLorlng and lmplemenLauon of PvuC
pro[ecLs, LPv Lransmlsslon sysLems and Load uespaLch and Communlcauon SysLems. Pe was lnsLrumenLal ln
lnLroduclng Lhe ± 800 kv mulu-Lermlnal PvuC Lransmlsslon sysLem, under lmplemenLauon ln Lhe counLry, whlch
ls ñrsL of lLs klnd ln Lhe world. under hls guldance, Lhe ñrsL unmanned operauon of 400 kv sub-sLauon aL 8hlwadl
was lmplemenLed as a plloL pro[ecL. Pe has been besLowed upon wlLh ºulsungulshed Member of ClC8L, 2012"
and has publlshed varlous Lechnlcal papers on Lransmlsslon sysLems especlally on PvuC ln varlous nauonal and
lnLernauonal professlonal forums / socleues llke lLLL and ClC8L. Pe ls currenLly Lhe nauonal represenLauve for
lndla aL ClC8L for PvuC and Þower LlecLronlcs. 8efore [olnlng ÞCWL8C8lu ln 1993, he had worked ln n1ÞC LLd.
for around 13 years.
ulrecLorshlp held ln oLher
Companles (ÞarL-ume)
1. Þowergrld vemaglrl 1ransmlsslon LLd.
2. kallnga 8ldyuL Þrasaran nlgam ÞvL. LLd.
3. Cross 8order Þower 1ransmlsslon Company LLd.
4. uakshln Paryana 8l[ll vlLran nlgam LLd.
Membershlp / Chalrmanshlp
of Commluees ln oLher
Companles
nlL
no. of Shares held 1798
7.
/|
POWER GRID CORPORATION OF INDIA LIMITED
(A Government of India Enterprise)
keg|stered Cmce: 8-9, Çutab Insntunona| Area, katwar|a Sara|, New De|h|-110 016.
Corporate Cmce: 'SAUDAMINI', Þ|ot No.2, Sector-29, Gurgaon-122 001, naryana
POWER GRID CORPORATION OF INDIA LIMITED
(A Government of India Enterprise)
keg|stered Cmce: 8-9, Çutab Insntunona| Area, katwar|a Sara|, New De|h|-110 016.
Corporate Cmce: 'SAUDAMINI', Þ|ot No.2, Sector-29, Gurgaon-122 001, naryana
A11LNDANCL SLIÞ
ÞLLASL CCMÞLL1L 1PlS A11LnuAnCL SLlÞ Anu PAnu l1 CvL8 A1 1PL Ln1L8AnCL Cl 1PL MLL1lnC PALL
Member/Þroxy ___________________________________________________________________________________________________
(llrsL) (Mlddle) (Surname)
l hereby record my presence aL Lhe 1wenty Iourth Annua| Genera| Meenng of Lhe Company Lo be held on 1hursday, the 19
th
September,
2013 at 11.00 a.m at "A|r Iorce Aud|tor|um, Subroto Þark, New De|h| - 110 010".
FORM OF PROXY
l/We________________________________________________________________________________ belng a Member/Members of
Þower Crld Corporauon of lndla LlmlLed hereby appolnL Mr./Mrs./Mlss_______________________________________________ of
_______________________________________________________________________ ln Lhe dlsLrlcL of ___________________________
__________and falllng hlm/her Mr./Mrs./Mlss________________________________of_______________________ln Lhe dlsLrlcL of
__________________________as my/our proxy Lo voLe for me/us on my/our behalf aL Lhe 1wenty Iourth Annua| Genera| Meenng of Lhe
Company Lo be held on 1hursday, the 19
th
September, 2013 at "A|r Iorce Aud|tor|um, Subroto Þark, New De|h| - 110 010" at 11.00 a.m.
and aL any ad[ournmenL Lhereof.
Note : Þroxles ln order Lo be valld musL be duly ñlled ln, sLamped, slgned
and deposlLed aL Lhe 8eglsLered Cmce of Lhe Company noL less Lhan 48 Pours
before Lhe ume of commencemenL of Lhe Meeung.
(S|gnature of Member)
(S|gnature of Member)
lollo / CllenL lu
lollo / CllenL lu
uÞ lu nos.
uÞ lu nos.
no. of Shares held
no. of Shares held
Þ|ease amx
1S pa|se
kevenue
Stamp

/||
/|||
POWER GRID CORPORATION OF INDIA LIMITED
(A Government of India Enterprise)
keg|stered Cmce: 8-9, Çutab Insntunona| Area, katwar|a Sara|, New De|h|-110 016.
Corporate Cmce: 'SAUDAMINI', Þ|ot No.2, Sector-29, Gurgaon-122 001, naryana
L-CCMMUNICA1ICN kLGIS1kA1ICN ICkM
(In terms of c|rcu|ar no.17]2011 dated 21.04.2011 |ssued by the M|n|stry of Corporate Aña|rs)
lollo no. / uÞ lu & CllenL lu : _______________________________________________________________________________
name of 1sL 8eglsLered Polder : _______________________________________________________________________________
name of !olnL Polder(s) : _______________________________________________________________________________
_______________________________________________________________________________
_______________________________________________________________________________
8eglsLered Address : _______________________________________________________________________________
_______________________________________________________________________________
_______________________________________________________________________________
L-mall lu (Lo be reglsLered) : _______________________________________________________________________________
l/we shareholder(s) of Þower Crld Corporauon of lndla LlmlLed agree Lo recelve communlcauon from Lhe Company ln elecLronlc mode.
Þlease reglsLer my above e-mall ln your records for sendlng communlcauon Lhrough e-mall.
SlgnaLure : _______________________________________
(llrsL Polder)
uaLe: ........
Note: Shareho|der(s) are requested to keep the Company |nformed as and when there |s any change |n the e-ma|| address.

/|º

POWER GRID CORPORATION OF INDIA LIMITED
(A Government of India Enterprise)
keg|stered Cmce: 8-9, Çutab Insntunona| Area, katwar|a Sara|, New De|h|-110 016.
Corporate Cmce: 'SAUDAMINI', Þ|ot No.2, Sector-29, Gurgaon-122 001, naryana
LCS MANDA1L ICkM
[AÞÞLICA8LL ICk SnAkLS nLLD IN Þn¥SICAL ICkM CNL¥]
To
karvy Computershare Þr|vate L|m|ted
unlL: Þower Crld Corporauon of lndla LlmlLed,
ÞloL no. 17-24, vlual 8ao nagar,
Madhapur, Pyderabad.
Þln - 300 081.
l hereby declare LhaL Lhe paruculars glven above are correcL and compleLe and also express my concurrence Lo recelve lnformauon Lhrough
e-mall Lowards dlvldend pald by Lhe Company under Lhe LCS mode.
S|gnature of the 1st keg|stered no|der]So|e no|der.
ÞAN ] Lma|| Informanon
LCS Mandate Iorm (for shares he|d |n Þhys|ca| mode)

name of Lhe llrsL/Sole Share holder
Folio No.
lncome 1ax ÞermanenL AccounL number (ÞAn)
(Þ|ease auach a photocopy of ÞAN Card)
Lmall lu
8ank name
8ranch name & Address
8ank AccounL 1ype (uck)
8ank AccounL number
9 ulglL Code number of Lhe 8ank and 8ranch
appearlng on Lhe MlC8 Cheque lssued by Lhe 8ank.
(Þ|ease auach a photo copy of the Cheque)
/º|
1
CONTENTS
nouce ........................................................................................................................................................................................... l-xvl
8eference lnformauon .................................................................................................................................................................. 2
Leuer Lo Shareholders .................................................................................................................................................................. 3
ulrecLors' Þroñle ........................................................................................................................................................................... 3
LlsL of Senlor Lxecuuves ................................................................................................................................................................ 9
ÞCWL8C8lu's Þerformance .......................................................................................................................................................... 11
llve ?ears' Summary ..................................................................................................................................................................... 12
ulrecLors' 8eporL ........................................................................................................................................................................... 14
Annuexure l - ManagemenL ulscusslon and Analysls .................................................................................................................... 26
Annuexure ll - 8uslness 8esponslblllLy 8eporL .............................................................................................................................. 42
Annuexure lll - Þaruculars of Lmployees u/s 217(2A) of Lhe Companles AcL, 1936 ...................................................................... 33
Annuexure lv - Þaruculars requlred u/s 217(1)(e) of Lhe Companles AcL, 1936. .......................................................................... 34
Annuexure v - CommenLs of C&AC u/s 619(4) of Lhe companles AcL, 1936 ............................................................................... 37
Annuexure vl - 8eporL on CorporaLe Covernance ........................................................................................................................ 38
Annuexure vll - CeruñcaLe on CorporaLe Covernance.................................................................................................................. 74
Annuexure vlll - SecreLarlal AudlL 8eporL ..................................................................................................................................... 73
8alance SheeL - ............................................................................................................................................................................ 77
SLaLemenL of ÞroñL and Loss ......................................................................................................................................................... 78
Cash llow SLaLemenL .................................................................................................................................................................... 79
noLes ............................................................................................................................................................................................. 81
lndependenL AudlLors' 8eporL ...................................................................................................................................................... 117
Annexure Lo lndependenL AudlLors' 8eporL .................................................................................................................................. 118
Annual 8eporLs of Subsldlary Companles ..................................................................................................................................... 121
Þower SysLem Cperauon Corporauon LlmlLed
ulrecLors' 8eporL .............................................................................................................................................................. 122
Annual AccounLs ............................................................................................................................................................... 141
Þowergrld nM 1ransmlsslon LlmlLed
ulrecLors' 8eporL .............................................................................................................................................................. 170
Annual AccounLs ............................................................................................................................................................... 172
Þowergrld vemaglrl 1ransmlsslon LlmlLed
ulrecLors' 8eporL .............................................................................................................................................................. 186
Annual AccounLs ............................................................................................................................................................... 188
ConsolldaLed llnanclal SLaLemenLs ............................................................................................................................................... 201
Z
keg|stered Cmce
8-9, CuLab lnsuLuuonal Area,
kaLwarla Saral, new uelhl - 110 016
Company Secretary & Comp||ance Cmcer
Ms. ulvya 1andon
Corporate Cmce
ºSaudamlnl", ÞloL no. 2,
SecLor 29, Curgaon - 122 001 (Paryana)
Ior the I|nanc|a| year under rev|ew |.e. 2012-13
Statutory Aud|tors
1. M/s S. k. MehLa & Co., CharLered AccounLanLs
2682/2, 8eadon Þura, A[amal khan MarkeL,
karol 8agh, new uelhl - 110 003.
Lmall : rohlLmehLa[skmehLa.co.ln
2. M/s Chauer[ee & Co., CharLered AccounLanLs
133, 8ash 8eharl Avenue, 3rd lloor,
kolkaLa - 700 029.
Lmall : chauer[ee.ca[redlñmall.com
3. M/s Sagar & AssoclaLes, CharLered AccounLanLs
P. no. 6-3-244/3, Sarada uevl SLreeL, Þrem nagar,
Pyderabad - 300 004.
Lmall : vvldyasagarbabu[yahoo.co.ln
Cost Aud|tors
1. Shrl !ugal klshore Þurl, CosL AccounLanL,
k-19, nuSL ÞarL ll, new uelhl - 110 049.
Lmall : [ugalpurl[gmall.com
2. M/s. k. C. Coyal and AssoclaLes, CosL AccounLanLs,
289, Mahaveer nagar - ll, Maharanl larms,
uurgapura, !alpur - 302018.
Lmall : ra[eshgoyal[alpur[yahoo.co.ln
keg|strar & Share 1ransfer Agent
karvy CompuLershare ÞrlvaLe LlmlLed
ÞloL no.: 17 - 24, vlual 8ao nagar,
Madhapur, Pyderabad - 300 081
Þh. : 040-44633000
lax : 040-23420814
Lmall : elnward.rls[karvy.com
WebslLe: www.karvycompuLershare.com
Shares Listed at:
nauonal SLock Lxchange of lndla LlmlLed
8SL LlmlLed
Depositories:
nauonal Securlues ueposlLory LlmlLed
CenLral ueposlLory Servlces (lndla) LlmlLed
Bankers
lndlan Cverseas 8ank
8ank of 8aroda
SLaLe 8ank of Þauala
Canara 8ank
SLaLe 8ank of lndla
Þun[ab nauonal 8ank
unlon 8ank of lndla
SLaLe 8ank of Pyderabad
PulC 8ank LLd
lClCl 8ank LLd
lu8l 8ank
Andhra 8ank
Allahabad 8ank
SLaLe 8ank of Mysore
Corporauon 8ank
Axls 8ank LLd
koLak Mahlndra 8ank
?es 8ank
kLILkLNCL INICkMA1ICN
J
LL11Lk 1C SnAkLnCLDLkS
Dear Shareho|ders,
lL glves me lmmense pleasure Lo share wlLh you Lhe progress made by your company durlng
Lhe year 2012-13.
lrlends, Lhe lndlan economy grew aL a lower raLe Lhan expecLed ln Lhe ñnanclal year ended
March 31, 2013. As per Lhe lnformauon released by Lhe CenLral SLausucs Cmce, MlnlsLry
of SLausucs and Þrogramme lmplemenLauon, Lhe growLh raLe of Cross uomesuc ÞroducL
(CuÞ) ls [ 3° for Lhe ñscal 2012-13. uesplLe Lhe challenglng economlc envlronmenL, your
Company conunued Lo dellver excellenL resulLs. ln Lhese LumulLuous umes, your Company
has performed excepuonally well due Lo lLs sLrong fundamenLals wlLh noL only focus on
proñL buL also on Lhe SecLoral developmenL ln dlsLrlbuuon and sub-Lransmlsslon areas wlLh
lnnovauons.
lndlan power secLor has wlLnessed manlfold growLh ln Lhe pasL. Powever, many challenges
are sull ahead Lo dellver quallLy and rellable power aL Lhe doorsLep of consumers. 1o achleve
hlgh pro[ecLed CuÞ growLh raLe for lndla, lmporLance of power secLor cannoL be overlooked.
LlecLrlc power belng a crlucal lnpuL Lo all economlc acuvlues be lL agrlculLure, lndusLry,
commerce and household, Lhe rapld and lncluslve growLh ls only posslble on Lhe access of
susLalned power supply wlLh rellablllLy & quallLy.
?our Company has earned Lhe repuLauon as one of Lhe largesL and besL managed Lransmlsslon uullues ln Lhe world wlLh lLs remarkable
growLh ln Lhe lasL Lwo decades and carrles abouL half of Lhe counLry's LoLal energy generaLed.
l am happy Lo share wlLh you LhaL ñscal 2013 was anoLher year of slgnlñcanL progress. ?our Company has puL on a remarkable performance
on varlous fronLs. Cn Lhe ñnanclal fronL, Lhe Lurnover of Lhe Company sLands aL `13329 Crore ln llscal 2013 and ÞroñL aûer 1ax lncreased
Lo `4233 Crore, whlch are 23.6° and 30.1° hlgher respecuvely, compared Lo Lhe prevlous llscal 2012. Cur Cross llxed AsseLs as on 31sL
March, 2013 sLands aL `80600 Crore as agalnsL `63387 Crore ln Lhe lasL ñscal.
Cn Lhe operauonal fronL, as on 31
sL
March, 2013, your Company owns and operaLes a Lransmlsslon neLwork of abouL 1,00,200 ckL kms of
lnLer-sLaLe Lransmlsslon llnes, 167 nos. of LPv & PvuC subsLauons wlLh Lransformauon capaclLy of abouL 1,64,763 MvA and wheels abouL
30° of LoLal power generaLed ln Lhe counLry. lnLer-reglonal power Lransfer capaclLy of nauonal Crld has been enhanced by 2,000 MW ln Lhe
year and cumulauve capaclLy sLood aL abouL 29,730 MW by end of March, 2013. lurLher, wlLh Lhe commlsslonlng of 763kv S/C Sasaram -
laLehpur llne -ll ln Lhe monLh of May 2013, Lhe lnLer-reglonal power Lransfer capaclLy has been lncreased Lo 31,830 MW.
l am dellghLed Lo share wlLh you LhaL Lhe 1200kv ulLra Plgh volLage (uPv) AC nauonal 1esL SLauon aL 8lna, Madhya Þradesh was LesL
charged durlng Lhe year and was dedlcaLed Lo Lhe nauon by Pon'ble unlon MlnlsLer of SLaLe (l/C) for Þower. 1he ñeld LesLs are currenLly
under progress.
under 8CCv?, durlng l? 2012-13, lnfrasLrucLure was creaLed for elecLrlñcauon ln 3,832 vlllages ouL of whlch 146 were un-elecLrlñed
vlllages. Servlce connecuons were provlded Lo abouL 1.82 Lakh 8ÞL households. Cumulauvely, ull March, 2013, lnfrasLrucLure has been
creaLed for elecLrlñcauon of 68,634 vlllages ouL of whlch 32,463 were un-elecLrlñed vlllages and servlce connecuon Lo abouL 33.37 Lakh
8ÞL households were provlded.
?our Company conunues Lo dellver lmproved performance ln all lLs buslness areas lncludlng 1elecom and ConsulLancy buslness, enhanclng
Lhe value for Lhe shareholders.
lrlends, Loday, Lhere ls growlng reallzauon LhaL buslness ls a cruclal member of socleLy. 8uslness and socleLy are deeply lnLerdependenL.
8uslness can susLaln only lf Lhe socleLy ls sausñed wlLh lLs overall conLrlbuuon Lo socleLal well-belng. ?our Company as a responslble corporaLe
enuLy reallses lLs obllgauons and commlLs lLself Lo SusLalnable uevelopmenL. ?our Company has proacuvely formulaLed and followed Lhe
LnvlronmenLal and Soclal Þollcy & Þrocedures (LSÞÞ) for Lhe conservauon of foresLs, ßora & fauna, reseulemenL & rehablllLauon. varlous
lnluauves have been Laken by your Company for reduclng carbon fooLprlnL, whlch lncludes creaung 8aln WaLer Parvesung faclllLy ln lLs
esLabllshmenLs/ subsLauons, use of energy emclenL LlghL Lmlmng ulode (LLu) bulbs and Solar llghLs ln new subsLauons and semng up of a
wasLe paper recycllng planL aL Curgaon sub-sLauon. ln addluon, new bulldlngs are belng consLrucLed as per Creen 8ulldlng norms.
As a parL of CorporaLe Soclal 8esponslblllLy (CS8), your Company ls maklng conLrlbuuon Lo Lhe socleLy aL large wlLh emphasls on soclo-
economlc developmenL of areas/ communlues prlmarlly ln and around lLs areas of operauons and has carrled ouL varlous communlLy
developmenL acuvlues such as Sklll uevelopmenL & CapaclLy 8ulldlng, Llvellhood generauon, healLhcare, educauon, eLc. uurlng Lhe l?
2012-13, Lhe Company made an expendlLure of `21.73 Crore [0.67° of ÞroñL Aûer 1ax (ÞA1) of Lhe precedlng year] for carrylng ouL abouL
440 CS8 pro[ecLs lncludlng 19 ln educauon secLor, 132 ln Lhe area of lnfrasLrucLure for communlLy developmenL, 140 ln healLhcare and 131
for llvellhood. AbouL 1.09 lakh Lree sapllngs were also planLed by your Company ln dlñerenL parLs of Lhe CounLry.
lnLegrauon of 8enewable Lnergy 8esources wlLh grld ls Lhe Lop prlorlLy worldwlde for energy securlLy and also for carbon emlsslon reducuon.
CovernmenL of lndla ls Laklng varlous lnluauves ln Lhe area of renewable energy capaclLy addluon and abouL 42 CW of generauon ls
envlsaged ln xll Þlan. ?our Company has Laken a lead lnluauve and developed a comprehenslve masLer plan for lnLegrauon of renewable
+
energy generauon comlng up counLry-wlde ln xll plan lnLo Lhe grld Lhrough Creen Lnergy Corrldors. 1he plan covers boLh lnLra-sLaLe & lnLer-
sLaLe Lransmlsslon sysLems along wlLh lssues for grld lnLerconnecuon of lnLermluenL and varlable renewable generauon and lLs mlugauon
measures. 1he reporL on ºCreen Lnergy Corrldors" was released ln SepLember, 2012 [olnLly by MlnlsLry of Þower and MlnlsLry of non-
convenuonal & 8enewable Lnergy.
?our Company conunues Lo Lake ploneerlng sLeps ln brlnglng SmarL Crld 1echnology ln all faceLs of power supply value chaln ln Lhe counLry.
llrsL SmarL Crld ConLrol CenLer ln Lhe counLry has been esLabllshed aL Þuducherry by your Company Lhrough open collaborauon wlLh more
Lhan 70 organlzauons & academlc lnsuLuuons. under Lhls, lmporLanL SmarL Crld aurlbuLe l.e. Advanced MeLerlng lnfrasLrucLure (AMl)
has been lmplemenLed and oLher funcuonallues llke CuLage ManagemenL SysLem, uemand 8esponse, Mlcrogrld eLc. are belng Laken up
ln a progresslve manner. ln addluon, emclenL sLreeL llghL managemenL sysLem has been lmplemenLed aL Þuducherry whlch has resulLed
ln reducuon of energy consumpuon for sLreeL llghung by abouL 13°. lurLher, developmenL of SmarL Pome Lnergy ManagemenL SysLem
ls belng carrled ouL ln assoclauon wlLh ll1, kharagpur Lo faclllLaLe consumers ln energy managemenL process Lhrough remoLe operauon.
1owards lmplemenLauon of SmarL Crld 1echnology ln Lransmlsslon, Lhe Company has execuLed Wlde Area MeasuremenL SysLem (WAMS)
plloL pro[ecL ln all Lhe ñve (3) reglons across Lhe counLry. under Lhls lnluauve, presenLly abouL 32 Þhasor MeasuremenL unlLs (ÞMus) are
ln operauon, faclllLaung dynamlc real ume measuremenLs and beuer vlsuallzauon of power sysLem whlch are useful ln monlLorlng safeLy
& securlLy of Lhe grld along wlLh enhanced slLuauonal awareness and swlûness ln Laklng conLrol/correcuve acuons. varlous dlsLrlbuuon
uullues/clues have also expressed Lhelr lnLeresL ln SmarL Crld lmplemenLauon for whlch ueLalled Þro[ecL 8eporL has been prepared by your
Company and handed over Lo Lhem for lmplemenLauon.
?our Company conunues Lo explore new opporLunlues for ralslng long Lenure debL from boLh domesuc and lnLernauonal markeL, for
meeung lLs capex-programme ln xll Þlan. ln addluon Lo debL fundlng from mululaLeral fundlng agencles llke Lhe World 8ank and Au8,
your Company has avalled loan from lnLernauonal llnance Corporauon (llC) and lnfrasLrucLure Crlsls laclllLy uebL Þool LlmlLed LlablllLy
ÞarLnershlp (lCl uebL Þool LLÞ) for an amounL of uS$270 mllllon for fundlng varlous Lransmlsslon pro[ecLs, durlng Lhe year.
l am happy Lo share LhaL your Company made lLs malden foray lnLo forelgn currency 8ond markeL durlng Lhe year whlch recelved an
overwhelmlng response from Lhe lnvesung communlLy and was over-subscrlbed nearly 19 umes. ?our Company has ralsed uS$300 mllllon
Lhrough lssuance of 10 year lorelgn Currency 8onds (lC8) aL an auracuve coupon raLe of 3.873° p.a. and Lhe 8onds are llsLed ln Slngapore
SLock Lxchange.
lor Lhe ñrsL ume, your Company was raLed by lnLernauonal credlL raung agencles, SLandard & Þoor's 8aung Servlces (S&Þ) and llLch 8aungs.
8oLh Lhe agencles raLed your Company aL 888 - (ouLlook negauve) conslsLenL wlLh lndla's Soverelgn raung. ConsequenL upon revlslon of
Soverelgn raung Lo 'SLable' from 'negauve' recenLly by 'llLch 8aungs', Lhe raung of your Company now sLands as 888- (ouLlook SLable).
lor lncluslve growLh ln Þower SecLor, Lhe developmenL of sub-Lransmlsslon sysLem ln Lhe SLaLe(s) ls also lmporLanL. As a parLner Lo
developmenL, your Company has [olned hands wlLh Lhe SLaLe 1ransmlsslon uullues of 8lhar and Cdlsha and has formed !olnL venLure
Companles (!vCs) namely 8lhar Crld Company LlmlLed wlLh 8lhar SLaLe Þower (Poldlng) Company LlmlLed and kallnga 8ldyuL Þrasaran
nlgam ÞrlvaLe LlmlLed wlLh Cdlsha Þower 1ransmlsslon Corporauon LlmlLed, on 30:30 equlLy paruclpauon basls for developmenL of lnLra-
SLaLe 1ransmlsslon SysLem ln Lhe SLaLes of 8lhar & Cdlsha, respecuvely.
?our Company ls proud Lo recelve conunuous lndusLry recognluon. 1he llsL of awards and accolades consLanLly grows. ?our Company has
been selecLed for 'Mou excellence award' for l? 2010-11 by ueparLmenL of Þubllc LnLerprlses (uÞL), MlnlsLry of Peavy lndusLrles & Þubllc
LnLerprlses for belng Lhe Lop performer ln Lhe Lnergy SyndlcaLe. ?our Company has also been conferred oLher presuglous awards durlng
Lhe year whlch lncluded Lhe 4Lh uSl! ÞSu Awards 2012 for ºlasLesL Crowlng navraLna ln non-manufacLurlng caLegory" by ualal SLreeL
lnvesLmenL !ournal, and º3rd 8a[eev Candhl Lxcellence Award 2011" under Lhe '8esL Þower Company of Lhe ?ear' CaLegory by an nCC
ºÞehchan". 8ecenLly, your Company has been conferred Lhe 'Speclal !ury Award for Lasung lmpacL on lndlan Lconomy' ln Lhe Covernance
now ÞSu Awards, 2013.
Cn behalf of Lhe Company, l Lhank each shareholder for Lhelr conunued supporL & LrusL placed ln Lhe Company. l would also llke Lo
record my appreclauon Lo all employees, for Lhelr conLrlbuuon Lowards Lhe performance of Lhe Company. l am conñdenL LhaL wlLh Lhe
dedlcaLed & commlued employees and valuable supporL & guldance of our esLeemed shareholders, Lhe Company wlll conunue Lo fulñll lLs
responslblllues and ensure enhanclng value Lo lLs sLakeholders.
WlLh besL wlshes,
?ours slncerely,
(8. n. nayak)
Chalrman & Managlng ulrecLor
Þlace: new uelhl
uaLe: 06.08.2013
5
DIRECTORS’ PROFILE
Shr| k.N. Nayak
Cha|rman & Manag|ng D|rector
Shr| I.S. Iha
D|rector (Þro[ects)
Shr| k. 1. Agarwa|
D|rector (I|nance)
Shrl 8. n. nayak, aged 37 years, ls Lhe Chalrman & Managlng ulrecLor of our Company. Pe ls a ñrsL class 8achelor of LlecLrlcal Lnglneerlng
from 8LC 8ourkela and holds an M.1ech (LlecLrlcal) from ll1, kharagpur. Shrl nayak has over 33 years of work experlence, prlmarlly ln Lhe
power secLor. Pe has worked for more Lhan 21 years ln ÞCWL8C8lu and handled varlous mulu-dlsclpllnary funcuons llke Lnglneerlng,
Load uespaLch & Communlcauon, Crld ManagemenL, ConLracL ManagemenL, CuallLy Assurance and lnspecuon, 1elecom, Cperauon
& MalnLenance, Commerclal and Puman 8esources. Pe has prevlously held Lhe posluons of Lxecuuve ulrecLor (Lnglneerlng & CA&l),
Lxecuuve ulrecLor (Puman 8esource), Lxecuuve ulrecLor (8&u) ln ÞCWL8C8lu. Þrlor Lo [olnlng ÞCWL8C8lu ln 1991, he has worked for
abouL 7 years ln n1ÞC and had a sunL wlLh SAlL. Pe has lnLroduced many new Lechnologles ln Lhe lndlan Þower SecLor such as LMS & SCAuA
Þro[ecL, ±800 kv PvuC and 1200 kv uPv AC, llexlble AC 1ransmlsslon SysLem (lAC1S), 8emoLe & unmanned operauon of LPv sub-sLauons.
Pe spearheaded Lhe developmenL of comprehenslve plan Lowards lnLegrauon of large scale renewable generauon lnLo Lhe grld Lhrough
Creen Lnergy Corrldor Þlan, whlch ls ñrsL of lLs klnd ln Lhe counLry. 8ecognlzlng Lhe lmporLance for deploymenL of smarL grld Lechnology ln
lndlan conLexL, he ploneered Lhe lmplemenLauon of sLaLe-of- Lhe-arL smarL grld Lechnologles ln Lransmlsslon as well as dlsLrlbuuon fronL ln
a hollsuc way Lhrough plloL pro[ecLs. 1owards energy securlLy, he lnluaLed unlque developmenLal plan Lo Lap Lhe solar energy poLenual ln
Lhe deserLs of lndla uullzlng wasLeland Lo caLer Lo fuLure energy needs ln eco-frlendly manner. Pe has also publlshed and presenLed a large
number of Lechnlcal papers ln varlous repuLed lnLernauonal/nauonal [ournals/conferences. Conslderlng hls conLrlbuuon Lo power secLor,
he has been awarded Þ.M. Ahluwalla Award, ls a Senlor Member of lLLL and has been honored wlLh lellow of Lhe lndlan nauonal Academy
of Lnglneerlng (lnAL) ln LlecLrlcal Lnglneerlng lleld, dlsungulshed Alumnl award by ll1 kharagpur. Pe ls also ÞresldenL of ClC8L lndla. Pe
was appolnLed as Chalrman & Managlng ulrecLor ln SepLember, 2011.
Shrl l.S. !ha, aged 34 years, ls
ulrecLor (Þro[ecLs) of our Company.
Pe ls an LlecLrlcal Lnglneer from
nl1, !amshedpur and a well known
LlecLrlcal Þower SysLem Þrofesslonal.
Þrlor Lo hls asslgnmenL he has
successfully served as Lxecuuve
ulrecLor (Lnglneerlng) ln Lhe company.
Pe has also worked as Lxecuuve
ulrecLor - CorporaLe MonlLorlng
Croup and held Lhe posluon of
Lxecuuve ulrecLor of norLh LasLern
8eglon of Lhe company. AparL from
Lhese funcuons, he was a lead Member ln Þlannlng, Lnglneerlng
and Lxecuuon of AÞu8Þ and 8CCv? schemes ln ÞCWL8C8lu. Pe
has publlshed numerous arucles, Lechnlcal papers ln Lhe ñeld of
power sysLem ln varlous lnLernauonal and nauonal Conferences/
Symposla. Pe was appolnLed as a ulrecLor on our 8oard ln
SepLember, 2009.
Shrl 8. 1. Agarwal, aged 37 years, ls
ulrecLor (llnance) of our Company.
Þrlor Lo Laklng up Lhls asslgnmenL,
he was worklng as Lxecuuve ulrecLor
(llnance). A charLered accounLanL
by professlon, Shrl Agarwal has
more Lhan 32 years of experlence
ln mulufarlous llnance & AccounLs
funcuons llke ñnallzauon of AccounLs,
coordlnauon wlLh AudlLors, 1axauon,
1reasury luncuons, lnLernal AudlL,
8udgeung, Þay 8oll, Concurrence,
MlS & Commerclal aspecLs eLc.
boLh aL Lhe CorporaLe CenLre and aL 8eglonal PeadquarLers of
ÞCWL8C8lu. As Lu (llnance), he had played a plvoLal role ln Lhe
successful lollow-on Þubllc Cñer of ÞCWL8C8lu ln 2010. 8efore
[olnlng ÞCWL8C8lu ln 1991, he had worked ln power ma[or n1ÞC
LLd. pro[ecL slLes for around 10 years. Pe was appolnLed as a
ulrecLor on our 8oard ln !uly, 2011.
ë
Shr| kav|. Þ. S|ngh
D|rector (Þersonne|)
Shr| k. Þ. Sasma|
D|rector (Cperanons)
Shrl 8avl Þ. Slngh aged 33 years, ls
ulrecLor (Þersonnel) of our Company.
Pe dld hls Mechanlcal Lnglneerlng
from nl1, Allahabad ln llrsL Class wlLh
Ponors and ÞosL CraduaLe ulploma
ln P8 from AlMA, new uelhl. Pe
has prevlously held Lhe posluons of
Lxecuuve ulrecLor (LasLern 8eglon-
ll) and Lxecuuve ulrecLor (Puman
8esource ManagemenL & CorporaLe
Communlcauon) ln ÞCWL8C8lu. Shrl Slngh has over 31 years
of work experlence ln Lhe power secLor handllng varlous mulu-
dlsclpllnary funcuons llke P8, 1elecom, ConLracLs, MaLerlals,
Þlannlng, MonlLorlng and 1ransmlsslon SysLem ConsLrucuon/C&M.
Þrlor Lo [olnlng ÞCWL8C8lu ln 1991, Shrl Slngh has worked for
10 years ln n1ÞC. Pe was appolnLed as a ulrecLor on our 8oard
ln Aprll, 2012.
Shrl 8. Þ. Sasmal, aged 33 years,
ls ulrecLor (Cperauons) of our
Company. Þrlor Lo Laklng up Lhls
asslgnmenL, he was Lxecuuve ulrecLor
(Cperauon Servlces) ln Lhe company.
A graduaLe Lnglneer from Sambalpur
unlverslLy, Cdlsha, Shrl Sasmal has
more Lhan 31 years of experlence
ln power secLor. Shrl Sasmal has
handled mulu-dlsclpllnary funcuons
such as plannlng, monlLorlng and
lmplemenLauon of PvuC pro[ecLs,
LPv Lransmlsslon sysLems and Load
uespaLch and Communlcauon SysLems. Pe was lnsLrumenLal ln
lnLroduclng Lhe ± 800 kv mulu Lermlnal PvuC Lransmlsslon sysLem,
under lmplemenLauon ln Lhe counLry, whlch ls ñrsL of lLs klnd ln Lhe
world. under hls guldance, Lhe ñrsL unmanned operauon of 400
kv sub-sLauon aL 8hlwadl was lmplemenLed as a plloL pro[ecL. Pe
has been besLowed upon wlLh ºulsungulshed Member of ClC8L,
2012" and has publlshed varlous Lechnlcal papers on Lransmlsslon
sysLems especlally on PvuC ln varlous nauonal and lnLernauonal
professlonal forums/socleues llke lLLL and ClC8L. Pe ls currenLly
Lhe nauonal represenLauve for lndla aL ClC8L for PvuC and Þower
LlecLronlcs. 8efore [olnlng ÞCWL8C8lu ln 1993, he had worked ln
n1ÞC LLd. for around 13 years. Pe was appolnLed as a ulrecLor on
our 8oard ln AugusL, 2012.
Shr| Santosh Saraf
Independent D|rector
Shrl SanLosh Saraf, aged 61 years,
ls a lellow Member of lnsuLuLe of
CharLered AccounLanLs of lndla.
Pe sLarLed hls career ln 1977 as a
pracuclng CharLered AccounLanL and
has an exLenslve experlence of more
Lhan 36 years ln Lhe ñeld of ñnance
and Laxauon. uurlng hls dedlcaLed
career he has served, on professlonal
asslgnmenL Lo many large lndusLrlal
groups, banks, corporaLes and
esLeemed professlonals. Pe was
Chalrman for Lhe WesLern uevelopmenL Councll of Assocham &
has held posluon of Managlng Commluee and ÞaLron member for
Assocham. Slnce 2008, he ls Member of CenLral 8oard of 1rusLees
(C81) for Lmployees ÞrovldenL lund Crganlzauon (LÞlC) of CenLral
CovernmenL of lndla for a perlod of 3 years from May, 2008 Lo
Aprll, 2013. Pe ls member of Lxecuuve, llnance & lnvesLmenL
and Þenslon lmplemenLauon Commluees of C81 (LÞlC). Pe ls
member of CosL Accounung SLandards 8oard of lnsuLuLe of CosL
AccounLanLs of lndla. Pe was appolnLed as a ulrecLor on our 8oard
ln uecember, 2011.
Ms. k|ta Acharya
Government Nom|nee
Ms. 8lLa Acharya, aged 39 years, ls
a CovernmenL nomlnee ulrecLor
of our Company. She holds MasLer
uegree ln Soclal Work from
Madras unlverslLy and ulploma ln
uevelopmenL AdmlnlsLrauon from
lnLernauonal Cooperauon unlverslLy,
lLaly, 8ome. She ls an omcer of CenLral
SecreLarlaL Servlce. She ls currenLly
!olnL SecreLary (1ransmlsslon) ln Lhe
MlnlsLry of Þower. 8efore [olnlng MlnlsLry of Þower, she has worked
ln Lhe MlnlsLry of llnance (ueparLmenL of Lconomlc Añalrs) and
MlnlsLry of Pome Añalrs and handled varlous lmporLanL poruollos
llke mauers relaung Lo forelgn exchange budgeL, balance of
paymenLs, bllaLeral/mululaLeral asslsLance, waLer supply &
foresLry pro[ecLs asslsLed by World 8ank, CenLre-SLaLe relauons,
prlson reforms & Lreaues relaung Lo repaLrlauon of prlsoners and
energy conservauon and Lransmlsslon. She was appolnLed as a
ulrecLor on our 8oard ln AugusL, 2011.
ì
Dr. k. kama||ngam
Independent D|rector
Shr| k. k. Gupta
Independent D|rector
ur. k. 8amallngam, sLarLed hls career
as 1echnlcal omcer ln uCCA ln 1972
Lhrough Lnglneerlng Servlces, he
has served more Lhan 36 years ln
uCCA, nauonal AlrporLs AuLhorlLy,
kochl lnLernauonal AlrporL ÞvL. LLd.
and AlrporLs AuLhorlLy of lndla and
reured as Chalrman, AAl. Pe was
on Lhe 8oard of AAl for a perlod of
more Lhan 11 years and served as
Member (Þlannlng) and Chalrperson.
Pe has been on Lhe 8oard of lndlan
Alrllnes, Pyderabad lnLernauonal
AlrporL LLd, Covernlng Councll of lndlra Candhl 8asLrlya udaan
Acadamy, AlrporLs Councll lnLernauonal (ACl) Asla Þaclñc 8eglon
and governlng 8oard member of ACl - Lhe lnLernauonal body
of AlrporLs and member, execuuve commluee, CAnSC- Lhe
lnLernauonal body of Clvll Alr navlgauon Servlce Þrovlders. Pe
possesses varled experlence ln plannlng, Lnglneerlng, Cperauons,
MalnLenance, CorporaLe ManagemenL, Þro[ecL ManagemenL,
ÞrocuremenL and ConLracL ManagemenL, P8, Commerclal and
llnance.
Pe was also a member of varlous Commluees and lnLer MlnlsLerlal
Croups (lMC's) seLup by Lhe Col for developmenL of new Creen
lleld AlrporLs, AlrporLs ln norLh LasL 8eglon, Creenñeld AlrporL
pollcy, member- luLure Avlauon sysLem (lAnS) commluee
and Clobal navlgauon saLelllLes SysLem (CnSS) panel of lCAC,
eLc. Pe was closely assoclaLed wlLh Lhe long Lerm plannlng and
lmplemenLauon of SaLelllLe based navlgauon sysLem CACAn- a
[olnL venLure pro[ecL wlLh lS8C. Pe was a member of varlous lndlan
delegauons for auendlng meeungs / conferences / workshop of
lCAC, lAA, WA8C, lA1A, ACl, CAnSC and presenLed a number of
papers. Pe was appolnLed as Chalrman of MayLas lnfra LLd. by Lhe
Colln 2009 Lo revlve Lhe Company from llnanclal Crlsls of saLyam.
Pe was appolnLed as a ulrecLor on our 8oard ln !anuary, 2013.
Shrl 8. k. CupLa, aged 63 years, ls
a professor of Puman 8ehavlour
& Crganlzauon uevelopmenL
aL ManagemenL uevelopmenL
lnsuLuLe, Curgaon. Þrlor Lo Lhls he
was a Þrofessor aL l.l.M. Lucknow.
Pe ls also a Þrofesslonal Member
of Lhe lndlan SocleLy of Applled
8ehavloural Sclence (lSA8S). Pe has
consulLed wlLh lndo-Culf lerullsers,
Þower 1radlng Corporauon,
nLLÞCC and oLher large organlzauons on organlzauon deslgn
and developmenL. Pe has four books and over 100 sclenuñc
publlcauons Lo hls credlL. Pe ls also on Lhe lnLernauonal LdlLorlal
8oards of a number of [ournals such as lnLernauonal !ournal of
Cross-CulLural ManagemenL (Sage, London), !ournal of 8esearch
Þracuce (Cnllne [ournal) and lnLernauonal !ournal of lndlan
CulLure and 8uslness ManagemenL (lndersclence, SwlLzerland).
Pe ls a member of Lhe CusLomer Servlce Commluee of 8ank of
8aroda. Pe was a member of Lhe Advlsory Croup on P8 lssues
of Þubllc SecLor 8anks seL up by Lhe MlnlsLry of llnance, Col. Pe
ls also a member of Lhe LxperL Croup on Þsychology seL up by
Lhe lndlan Councll of Soclal Sclence 8esearch (lCSS8) for Lhe nexL
survey of research and ls on Lhe Advlsory Commluee of a large
research pro[ecL funded by lCSS8. Pe ls Lhe 8esearch Advlsor Lo
Lhe kll1 School of ManagemenL, 8hubaneswar. ln addluon he
ls on Lhe academlc advlsory bodles of a number of unlverslues,
managemenL lnsuLuLes, and ls oûen lnvolved ln faculLy selecuon
processes, docLoral Lhesls examlnauon, eLc. Pe was appolnLed as
a ulrecLor on our 8oard ln !anuary, 2013.
Ms. k|ta S|nha
Independent D|rector
Ms. 8lLa Slnha, aged 63 years,
ls an M.A. ln Ceography from
Þun[ab unlverslLy, Chandlgarh. She
reured from Lhe l.A.S. ln !uly, 2010
from Lhe posL of SecreLary Lo Lhe
CovernmenL of lndla, ueparLmenL
of Land 8esources, MlnlsLry of 8ural
uevelopmenL. She has held several
asslgnmenLs boLh ln Lhe CenLral
and SLaLe CovernmenLs ln a career
spannlng almosL 38 years. She was appolnLed as a ulrecLor on our
8oard ln uecember, 2011.
Shr| A[ay kumar M|ua|
Independent D|rector
Shrl A[ay kumar Mlual, aged 32 years,
ls a lellow Member of lnsuLuLe of
CharLered AccounLanLs of lndla and
ls ln pracuce ln uelhl. Pe sLarLed hls
career ln 1986 as a llnance Manager
ln CovL. llnanclal lnsuLuuon and
had been a lellow Lo unlLed nauon
lndusLrlal uevelopmenL Crganlsauon
(unluC). Pe has a wlde experlence
of more Lhan 27 years ln Lhe ñeld of
llnance, Þro[ecL Appralsal, llnanclal
ManagemenL and ln all CovernmenL
sLaLuLory compllances. Pe was appolnLed as a ulrecLor on our
8oard ln !anuary, 2013.
e
Shr| k. kr|shnamoorthy
Independent D|rector
Shrl 8. krlshnamoorLhy, aged 68
years, ls a lellow Member of Lhe
CosL and Works AccounLanLs of lndla.
Pavlng been ln Þower & llnanclal
SecLor for more Lhan 37 years, he
possesses very rlch experlence
ln Þro[ecL Appralsal, llnanclal
Appralsal, llnanclal ManagemenL
and 8egulaLory AspecLs.
Pe held Lhe posluons of Member
CL8C, Member uL8C, Chalrman &
Managlng ulrecLor of Þower llnance
Corporauon (ÞlC) and ulrecLor (llnance) of ÞlC. 8efore [olnlng ÞlC
he was wlLh nauonal PydroelecLrlc Þower Corporauon (nPÞC). Pe
was Member of a Commluee consuLuLed by CovL. of karnaLaka Lo
resolve cerLaln lssues on ÞÞA and cosL of a ÞrlvaLe SecLor Þro[ecL
vls-a-vls SLaLe Þower ulsLrlbuuon Companles, was Chalrman,
'Lmpowered Commluee' seL up for encouraglng compeuuon ln
developmenL of Lransmlsslon pro[ecLs, consuLuLed by MlnlsLry of
Þower, Member, ueepak Þarlkh Commluee of MlnlsLry of Þower on
SLaLe-speclñc 8eforms under CovL. of lndla's AÞu8Þ (AcceleraLed
Þower uevelopmenL & 8eform Þrogram), Member, Commluee on
'llnanclng of Þower SecLor' durlng x & xl Þlan, Member, Advlsory
Councll of Lhe Þro[ecL ManagemenL lnsuLuLe, n1ÞC, Member, 1ask
lorce consuLuLed by CovL. of karnaLaka for sLeerlng power secLor
reforms ln karnaLaka. Pe ls also ln Lhe 8oard of few Þower SecLor
Companles ln Lhe ÞrlvaLe SecLor and Advlsor Lo 1PuC. Pe was
appolnLed as a ulrecLor on our 8oard ln !anuary, 2013.
Shr| Þarvez nayat
Ch|ef V|g||ance Cmcer
Shrl Þarvez PayaL, aged 33 years, ls Lhe Chlef vlgllance Cmcer of our Company. Pe ls an lÞS Cmcer of !harkhand
Cadre of Lhe 1984 8aLch. Pe ls a posL graduaLe ln Modern PlsLory and holds a Law degree from uelhl unlverslLy.
Pe has over 23 years of work experlence. Pe worked ln varlous capaclues ln boLh SLaLe and CenLral CovL. such
as S.Þ/Sr.S.Þ of ñve ulsLrlcLs of 8lhar/!harkhand, ÞS Lo Lhe unlon MlnlsLer of Pome Añalrs, CovL. of lndla,
uelhl, CommandanL SLañ (Cperauons) ulrecLoraLe Ceneral of l18Þ, MPA, CCl, uelhl, subsequenLly ln SLaLe
of !harkhand as ulC of Þalamu 8ange & ulC (Crlme 8ranch) aL SLaLe Þollce Pqs., 8anchl. LaLer on cenLral
depuLauon as Assu. ulrecLor Ceneral, CenLral Lconomlc lnLelllgence 8ureau, MlnlsLry of llnance, lCÞ (Þollce
Modernlzauon & 1rg.), CovL. of !harkhand, plcked up hls nexL promouon as AuC (Þollce Mod. & 1rg.) ln Lhe
monLh of SepLember 2010. Pe assumed charge of omce of Chlef vlgllance Cmcer ln lebruary 2011.
Shri Mahesh Shah
Independent D|rector
Shrl Mahesh Shah, aged 60 years,
has successfully dealL wlLh varlous
companles and lndusLrlal houses
ln Lhe area of asseL fundlng,
arranglng lnsuLuuonal ñnance,
pro[ecL evaluauon, acqulsluon,
merger, corporaLe advlsory servlces
lnvesLmenL eLc. as Lhe dlrecLor
of lnLer CorporaLe llnanclers &
ConsulLanLs LLd, SL8l AuLhorlzed
CaLegory l MerchanL 8anker.
Pe ls Lhe ÞasL ÞresldenL, lCSl, lCWAl
and was member of Accounung
SLandard 8oard of lCAl, Compllance Commluee of lnLernauonal
lederauon of AccounLanL (llAC), Lxecuuve Commluee of
Confederauon of Aslan and Þaclñc AccounLanLs (CAÞA) and SouLh
Aslan lederauon of AccounLanLs (SAlA).
Pe has represenLed leadlng lndusLrlal and Lrade bodles-boLh on
reglonal and nauonal level such as Cll, llCCl, ASSCCPAM eLc.
and he was a member of advlsory commluee, lClAl, member,
Lechnlcal group for Lhe ueposlLory SysLem appolnLed by MlnlsLry
of llnance and member of revlew commluee for revlewlng M81Þ
AcL, Companles AcL, CharLered AccounLanLs AcL, Companles
SecreLarles AcL, CosL and Works AccounLanLs AcL appolnLed by
MlnlsLry of Law, CovernmenL of lndla.
Pe has also paruclpaLed and represenLed Þapers ln varlous
nauonal and lnLernauonal semlnars, workshops and professlonal
developmenL programs conducLed by varlous lnsuLuLes, oLher
Lrade, educauonal and professlonal bodles and conLrlbuLed
Arucles ln varlous professlonal !ournals and uallles. Pe was
appolnLed as a ulrecLor on our 8oard ln !anuary, 2013.
J
S.No Name (S]Sh) L.No Desg Leve| Dept Region Locanon
Corporate Centre
1 ur. S.k. Agarwal 00073 Lu L9 1echnology uevelopmenL CC Curgaon
2 Þanka[ kumar 00103 Lu L9 L8Þ CC Curgaon
3 Mahender Slngh 00184 Lu L9 Commerclal CC Curgaon
4 8. Mlshra 00189 Lu L9 CÞ & l1 CC Curgaon
3 l.8. kldwal 00434 Lu L9 P8 CC Curgaon
6 8.S. Þandey 10026 Lu L9 Lngg-S/s,1L,Clvll CC Curgaon
7 u.k. valecha 10027 Lu L9 CMC CC Curgaon
8 San[eev Slngh 10040 Lu L9 S1l-SmarLCrld CC Curgaon
9 n.S. Sodha 10033 Lu L9 Lu&C CC Curgaon
10 Anll !aln 10060 Lu L9 uMS CC Curgaon
11 S. Sen 10871 Lu L9 CS CC Curgaon
12 Commen Chandy 10872 Lu L9 Lngg-PvuC and CA&l CC Curgaon
13 8a[endra Slngh 30861 Lu L9 P8u CC Curgaon
14 Arun kumar 00077 CCC L9 Þl & 8uu CC Curgaon
13 Ashwanl !aln 00093 CCC L9 1elecom CC new uelhl
16 ?.k. Sehgal 00122 CCC L9 C1u & CosL Lngg. CC Curgaon
17 Seema CupLa 00127 CCC L8 l8&LL CC Curgaon
18 !agmohan Sharma 16377 CCC L8 n1AMC CC Curgaon
19 u.k. 1yagl 00368 CM (l/C) L8 18C8 & 8C CC Curgaon
20 u.C. !oshl 40043 CM (l/C) L8 CS&MM CC Curgaon
21 S. valLhlllngam 40030 CM (l/C) L8 l&A CC Curgaon
REGIONS
1 Þrabhakar Slngh 20003 Lu L9 Pead of 8eglon n8-l new uelhl
2 !.Þ. Slngh 00193 Lu L9 Pead of 8eglon n8-ll !ammu
3 8. Sharma 10031 Lu L9 Pead of 8eglon L8-l ÞaLna
4 S.k. CupLa 10034 Lu L9 Pead of 8eglon L8-ll kolkaLa
3 v. Sekhar 20107 Lu L9 Pead of 8eglon S8-l Secunderabad
6 n. 8avlkumar 30104 Lu L9 Pead of 8eglon S8-ll 8angalore
7 8haraL 8hushan 20006 Lu L9 Pead of 8eglon W8-l nagpur
8 8.k. Slngh 11044 Lu L9 Pead of 8eglon W8-ll 8aroda
9 u.k. Sarma 30003 CM (l/C) L8 Pead of 8eglon nL8 Shlllong
ÞkCILC1S
1 A.k. Slnha 40062 Lu L9 Þro[ecLs W8-l 8alpur
2 8.Þ. CanLayeL 40080 Lu L9 Þro[ecLs L8-ll 8hubaneswar
3 8ho[ Þaul 10947 Lu L9 nL-n/W lC-l Þro[ecL nL8 Cuwahau
4 8.k. Chauhan 10931 CM (l/C) L8 W/n 8eg lC Þro[ecL n8-ll kuruksheLra
3 S.k. Sharma 16237 CM (l/C) L8 Þro[ecLs n8-ll !ammu
L|st of Sr. Leve| Lxecunves as on 31- May-13
1J
S.No Name (S]Sh) L.No Desg Leve| Dept Region Locanon
POSOCO
1 S.k. Soonee 43003 CLC L9 CLC ÞCSCCC ÞCSCCC-PC new uelhl
2 v.k. Agarwal 17003 Lu L9 Pead of 8LuC nLuC new uelhl
3 Þ.8. 8aghuram 30023 Lu L9 Pead of 8LuC S8LuC 8angalore
4 Þ. Mukhopadhyay 43007 CM L8 Pead of 8LuC n8LuC new uelhl
3 u.k. verma 16373 CM L8 Pead of 8LuC L8LuC kolkaLa
6 1.S. Slngh 30022 CM L8 Pead of 8LuC nL8LuC Shlllong
7 Þ. ÞenLayya 23011 CM L8 Pead of 8LuC W8LuC Mumbal
Cn Deputanon to other organ|sanon(s)
1 M. krlshna kumar 00129 Lu L9 norLh LasLern 1ransmls-
slon Co.LLd.
uepLn Curgaon
2 u.S. Slngh 10037 Lu L9 1eesLavalley Þower 1rans-
mlsslon LLd.
uepLn Curgaon
3 S.C. Slngh 40081 Lu L9 !aypee ÞCWL8C8lu LLd uepLn new uelhl
Lu - Lxecuuve ulrecLor
CCC - Chlef Cperaung Cmcer
11
ÞCWLkGkID'S ÞLkICkMANCL
1Z
IIVL ¥LAkS' SUMMAk¥
CÞLkA1ING kLSUL1S
2012-13 2011-12 2010-11 2012-13(*) 2011-12(*) 2010-11(*) 2009-10 2008-09
(A) LAkNLD IkCM :
1ransmlsslon Charges 12162.66 9344.19 7902.13 12162.66 9344.19 7902.13 6700.36 3324.26
ConsulLancy 8evenue
Sales of Servlces 228.96 289.93 299.33 228.96 289.93 299.33 269.17 213.90
Sales of ÞroducLs 86.44 - - 86.44 - - - -
1elecom 8evenue 231.39 201.19 187.20 231.39 201.19 187.20 137.72 149.83
CLher Cperauve 8evenue 48.40 128.94 118.68 48.40 128.94 118.68 19.69 12.22
CLher lncome 370.89 620.74 391.37 370.89 620.74 391.37 336.44 436.31
1ota| Larn|ngs 13328.74 1078S.01 9098.7S 13328.74 1078S.01 9098.7S 7S03.S8 6138.72

(8) ÞAID & ÞkCVIDLD ICk :
Þurchases of sLock-ln-Lrade 63.30 - - 63.30 - - - -
Lmployees 8emunerauon & 8eneñLs 886.40 842.97 743.89 886.40 842.97 743.89 726.70 643.88
1ransmlsslon Lxpenses 367.63 328.38 270.38 367.63 328.38 270.38 244.91 199.61
AdmlnlsLrauon Lxpenses 494.36 476.21 413.39 413.37 360.38 308.13 237.36 208.10
CLher Lxpenses(lncludlng Þrlor Þerlod Ad[.) (18.12) 19.96 11.49 (18.12) 19.96 11.49 101.23 74.26
ueñered 8evenue LxpendlLure - 1.79 1.86 - 1.79 1.86 1.78 1.83
Þrovlslons 2.73 2.30 3.98 2.73 2.30 3.98 22.13 46.23
1ota| Lxpend|ture
(Lxc|ud|ng Deprec|anon & Interest)
1796.74 1671.61 1449.19 1717.SS 1SSS.98 1341.7S 13S4.33 1173.91
ÞroñL before uepreclauon & lnLeresL 11332.00 9113.40 7649.36 11611.19 9229.03 7737.00 6149.23 4964.81
uepreclauon 3331.92 2372.34 2199.39 3331.92 2372.34 2199.39 1979.69 1093.97
lnLeresL & llnance Charges 2333.22 1943.26 1623.44 2614.41 2038.89 1732.88 1343.24 1642.27
neL ÞroñL aûer lnLeresL & uepreclauon buL
before 1ax
3644.86 4397.60 3824.73 3644.86 4397.60 3824.73 2626.32 2228.37
Þrovlslon for Lax (MA1) 1032.08 888.31 684.61 1032.08 888.31 684.61 421.91 478.60
lrlnge 8eneñL 1ax (l81) - - - - - - (1.30) 14.60
neL ÞroñL aûer MA1 & l81 4392.78 3709.09 3140.12 4392.78 3709.09 3140.12 2203.91 1733.37
ueferred 1ax 338.28 434.14 443.23 338.28 434.14 443.23 164.97 44.76
ÞroñL aûer ueferred 1ax 4234.30 3234.93 2696.89 4234.30 3234.93 2696.89 2040.94 1690.61
ulvldend 1273.18 976.89 810.23 1273.18 976.89 810.23 631.34 303.08
(`ln crore)
(*) llgures have been re-grouped as per old Schedule-vl formaLs.
1J
(*) llgures have been re-grouped as per old Schedule-vl formaLs.
(#) lor calculauon of uebL-LqulLy 8auo, Loan llablllLy also lnclude CurrenL MaLurlues of Long 1erm Loans.
IINANCIAL ÞCSI1ICN
(`ln crore)
2012-13 2011-12 2010-11 2012-13(*) 2011-12(*) 2010-11(*) 2009-10 2008-09
(A) WnA1 1nL CCMÞAN¥ CWNLD:
Cross llxed AsseLs 80600.03 63387.34 30343.33 80600.03 63387.34 30343.33 43202.28 40319.33
Less:uepreclauon 19199.41 13723.04 13119.37 19199.41 13723.04 13119.37 11141.02 9190.89
neL llxed AsseLs 61400.64 47662.30 37223.98 61400.64 47662.30 37223.98 32061.26 31128.44
CaplLal Work ln Þrogress 19114.92 13373.30 12963.68 19114.92 13373.30 12963.68 10242.37 6333.43
ConsLrucuon SLores 13708.62 12610.04 10749.23 13708.62 12610.04 10749.23 7433.44 4694.19
ConsLrucuon Advances 3328.98 3091.23 2911.66 3328.98 3091.23 2911.66 2746.37 2038.38
Long Lerm lnvesLmenLs 964.24 1101.19 1214.01 1147.30 1284.43 1398.33 1433.22 1392.83
CLher non-currenL Loans & Advances 2330.71 1840.20 1032.64 - - - - -
CurrenL AsseLs, Loans & Advances 6263.43 6329.89 9623.94 8432.90 7986.83 10483.83 9627.32 8312.92
1C1AL (A) 111133.S6 90208.3S 7S719.16 111133.S6 90208.3S 7S730.7S 63S63.98 S4320.19
(8) WnA1 1nL CCMÞAN¥ CWLD:
Long 1erm Loans from:
- llnanclal lnsuLuuons 113.64 181.01 237.48 181.01 237.48 338.93 420.44 311.19
-lorelgn Loans 18283.67 14332.17 11428.92 19343.37 13267.46 12221.33 11129.32 10248.83
-8onds 43083.29 33443.31 23286.11 43019.00 34983.62 26328.10 21171.83 16409.37
-CLher Loans 1391.67 1142.30 243.33 1642.49 1243.33 344.17 443.00 343.84
1oLal Long Lerm Loans 63076.27 49119.19 37213.84 66187.87 31731.91 39432.77 33166.79 27713.43
CurrenL MaLurlues of Long 1erm Loans 3111.60 2632.72 2216.93 - - - - -
Worklng CaplLal Loan (shorL-Lerm) 2000.00 1630.00 1430.00 2000.00 1630.00 1430.00 1230.00 730.00
CurrenL Llablllues & Þrovlslons 9396.90 7088.29 6846.01 12333.07 9434.68 9989.27 10092.89 8313.19
ueferred 1ax LlablllLy(neL) 1939.16 1600.88 1146.74 1939.16 1600.88 1146.74 703.31 338.34
ueferred 8evenue-Advance agalnsL uepreclauon 2094.96 2143.78 2176.07 2094.96 2143.78 2176.07 2213.63 2139.39
ueferred 8evenue-ulCllL AccounL 1303.61 493.17 (11.39) - - - - -
CranLs ln Ald 117.03 139.32 171.31 117.03 139.32 171.31 198.82 223.33
Long Lerm Þrovlslons 442.63 421.49 316.64 - - - - -
CLher Long Lerm Llablllues 989.93 1431.73 2826.62 - - - - -
1C1AL (8) 84894.09 66720.S7 S43S4.S7 84894.09 66720.S7 S4366.16 4762S.64 39702.10
(C) NL1 WCk1n CI 1nL CCMÞAN¥
kLÞkLSLN1LD 8¥ :
l) LqulLy caplLal(lncludlng ueposlL) 4629.73 4629.73 4629.73 4629.73 4629.73 4629.73 4208.84 4208.84
ll) 8eserves and Surplus 21383.68 18838.03 16724.03 21383.68 18838.03 16724.03 11708.23 10414.73
lll) Less:Mlsc.Lxp.Lo Lhe exLenL noL wrluen oñ - - 2.41 - - 2.41 3.36 3.30
1C1AL (C) 26213.41 23487.78 213S1.37 26213.41 23487.78 213S1.37 1S913.S1 14618.09
(D) CCMMI11LD kLSLkVLS
l) LuC uevelopmenL lund - - - - - - 16.44 -
ll) CS8 Acuvlues 8eserve 26.06 - 13.22 26.06 - 13.22 8.39 -
1C1AL (D) 26.06 - 13.22 26.06 - 13.22 24.83 -
1C1AL (8+C+D) 111133.S6 90208.3S 7S719.16 111133.S6 90208.3S 7S730.7S 63S63.98 S4320.19
CAÞI1AL LMÞLC¥LD S29S7.S9 42621.18 36334.98 S3244.3S 42469.79 34429.03 28678.SS 28430.04
(neL llxed AsseLs+neL CurrenL AsseLs)
(L) kA1ICS
neL ÞroñL Lo CaplLal Lmployed(°) 8.00 7.64 7.42 7.93 7.66 7.83 7.12 3.93
neL ÞroñL Lo neL WorLh(°) 16.13 13.86 12.63 16.13 13.86 12.63 12.83 11.37
neL WorLh per 8upee of Þald-up CaplLal (ln `) 3.66 3.07 4.61 3.66 3.07 4.61 3.78 3.47
uebL/LqulLy 8auo (#) 72:28 69:31 63:33 72:28 69:31 63:33 68:32 66:34
CurrenL 8auo 0.43:1 0.36:1 0.92:1 0.31:1 0.61:1 0.79:1 0.74:1 0.73:1
Larnlng per Share (ulluLed LÞS) (` per Share) 9.13 7.03 6.19 9.13 7.03 6.19 4.83 4.02
8ook value per share(` per share) 36.62 30.73 46.12 36.62 30.73 46.12 37.81 34.73
CaplLal LxpendlLure (` ln Crore) 20037 17814 12003 20037 17814 12003 10617 8167
(I) C1nLk IMÞCk1AN1 INICkMA1ICN
LengLh of 1ransmlsslon Llnes (Ck1) 100200 92981 82333 100200 92981 82333 73290 71300
no. of SubsLauons 167 130 133 167 130 133 124 120
no. of Lmployees 9347 9670 9773 9347 9670 9773 9162 8214
1ransmlsslon neLwork avallablllLy (°) 99.90° 99.94° 99.80° 99.90° 99.94° 99.80° 99.77° 99.33°
Þower 1ransmlued on ÞCWL8C8lu neLwork (ln Mu) 430027 430992 400396 430027 430992 400396 363723 334013
1+
1o,
Dear Shareho|ders,
Lad|es & Gent|emen,
l am dellghLed Lo presenL, on behalf of Lhe 8oard of ulrecLors, Lhe 24Lh Annual 8eporL on Lhe performance of your Company durlng Lhe
ñnanclal year endlng March 31, 2013 LogeLher wlLh AudlLed SLaLemenL of AccounLs, AudlLors' 8eporL and 8evlew of Lhe AccounLs by Lhe
CompLroller and AudlLor Ceneral of lndla for Lhe revlew perlod.
?our Company has earned Lhe repuLauon as one of Lhe largesL and besL managed Lransmlsslon uullues ln Lhe world wlLh lLs remarkable
growLh ln Lhe lasL Lwo decades and carrles abouL half of Lhe counLry's LoLal generaLed power. ?our Company conunues Lo play a crlucal role
ln developmenL of Lhe CounLry's power secLor wlLh lLs varlous Lechno-managerlal lnluauves ln lnLer-SLaLe power Lransmlsslon sysLem along
wlLh LransparenL and eñecuve grld operauon ln Lhe CounLry.
?our Company has been selecLed for 'MoU Lxce||ence Award' for l? 2010-11 by ueparLmenL of Þubllc LnLerprlses (uÞL), MlnlsLry of Peavy
lndusLrles & Þubllc LnLerprlses for belng Lhe Lop performer ln Lhe Lnergy SyndlcaLe. lurLher, based on overall performance, Lhe Company
has been raLed 'LxcellenL' by uÞL for Lhe l? 2011-12. 8ased on Lhe approved score, ÞCWL8C8lu sLand Lop among Lhe assessed Companles
ln Lhe Þower Cenerauon and 1ransmlsslon syndlcaLe for Lhe l? 2011-12 and expecLed Lo recelve Lhe ºMou Lxcellence Award" agaln.
?our Company has puL on a remarkable performance ln l? 2012-13 wlLh achlevemenLs exceedlng mosL of Lhe LargeLs under Memorandum
of undersLandlng (Mou) slgned wlLh MlnlsLry of Þower (MoÞ), CovernmenL of lndla and polsed Lo geL 'LxcellenL' raung for l? 2012-13,
conunuously slnce slgnlng of lLs ñrsL Mou ln l? 1993-94.
Þerformance hlghllghLs of Lhe Company durlng l? 2012-13 are brleßy menuoned here Lo glve an overvlew of accompllshmenLs ln all
fronLs:
Made an lnvesLmenL of `20,037 Crore, an lncrease of abouL 13° over lasL year.
Added abouL 7,1S6 c|rcu|t k||ometre (Ckm) of LxLra Plgh volLage(LPv) Lransmlsslon llnes, 17 new sub-stanons and Lransformauon
capaclLy of more Lhan 40,230 Mega Vo|t Ampere (MVA).
AsseLs commerclallsauon of abouL `17,213 Crore.
lnvesLmenL approval accorded for 24 new Lransmlsslon pro[ecLs worLh abouL `12,S79 Crore.
1200kv ulLra Plgh volLage (uPv) AC Nanona| 1est Stanon at 8|na, Madhya Þradesh was LesL charged and Lhen ded|cated to the Nanon
by non'b|e Un|on M|n|ster of State (I]C)for Þower.
Aualned 99.90¼ 1ransmlsslon sysLem avallablllLy wlLh number of Lrlpplngs per llne llmlLed aL 0.S8.
lnLer-reglonal power Lransfer capaclLy of nauonal Crld has been enhanced by 2,000 MW ln Lhe year and cumulauve capaclLy sLood aL
abouL 29,7S0 MW by end of March, 2013. lurLher, ln Lhe monLh of May 2013, Lhe lnLer-reglonal power Lransfer capaclLy has been
lncreased by 2,100 MW Lo 31,8S0 MW.
IINANCIAL ÞLkICkMANCL
DIRECTORS’ REPORT
Descr|pnon 2012-13 2011-12 ¥-o-¥ Growth
Income
1ransmlsslon Charges 12,163 9,344 27.4¼
ConsulLancy 313* 290 8.6¼
1elecom 231 201 14.9¼
CLher Cperaung lncome 49 129 (62.0¼)
CLher lncome 371 621 (8.1¼)
1ota| Income 13,329 10,78S 23.6¼
Þroht Aher 1ax (ÞA1) 4,233 3,233 30.1¼
Larn|ngs per Share (`) 9.13 7.03 30.2¼
8ook Va|ue per Share (`) 36.62 30.73 11.6¼
Gross I|xed Assets 80,600 63,387 27.2¼
Long term borrow|ng ** 66,188 31,732 27.9¼
Net Worth 26,213 23,488 11.6¼
Debt Lqu|ty kano 72:28 69:31 -
Commerc|a||sanon of Assets 17,213 13,043 31.9S¼
*lncludlng consulLancy lncome from sale of producLs
**lncludlng currenL maLurlues of long Lerm borrowlngs
(I|gures |n ` crore, except per share data)
15
1ransmlsslon asseLs owned and operaLed by your Company as on Aprll 1, 2013 has crossed Lhe benchmarklng values of 1,00,000 Ckm &
1,30,000 MvA and sLands aL about 1,00,200 Ckm of Lxtra n|gh Vo|tage (LnV) transm|ss|on ||nes, 167 LnVAC & n|gh Vo|tage D|rect Current
(nVDC) sub-stanons and 1,64,763 MVA transformanon capac|ty whlch spread over Lhe lengLh and breadLh of Lhe counLry. uslng Lhls vasL
Lransmlsslon neLwork your Company wheels abouL 30° of Lhe LoLal power generaLed ln Lhe counLry.
uurlng Lhe year 2012-13, Lhe average avallablllLy of Lhese Lransmlsslon sysLems was malnLalned aL 99.90¼ by your Company wlLh Lhe
number of Lrlpplngs per llne llmlLed aL 0.S8. 1h|s h|gh ava||ab|||ty of transm|ss|on network |s cons|stent|y ma|nta|ned by your Company
through dep|oyment of techno|og|ca||y advanced operanona| techn|ques such as PoL Llne MalnLenance, PoLllne Washlng of lnsulaLors
wlLh Lhe use of hellcopLers, LqulpmenL Condluon MonlLorlng Lechnlques lncludlng uynamlc 1esung of relays, 1hermo-vlslon Scannlng,
lrequency 8esponse Analysls (l8A) for Lransformers and reacLors, large scale auLomauon of sub-sLauons, eLc. ÞresenLly, 43 sub-sLauons of
your Company are belng operaLed remoLely and many new sub-sLauons are belng deslgned for remoLe operauon.
1he esLabllshmenL of Lhe "Nanona| 1ransm|ss|on Asset Management Centre (N1AMC)" for cenLrallsed remoLe monlLorlng, operauon &
conLrol of sub-sLauons ls nearlng compleuon whlch wlll furLher lmprove Lhe emclency and Lransparency ln Lhe operauon of Lhe Lransmlsslon
sysLem ln Lhe CounLry.
?our Company has developed for lmplemenung a ºMalnLenance Servlce Pub" concepL ln whlch speclallsL manpower ls pooled lnLo a hub for
underLaklng Lhe malnLenance of number of sub-sLauons wlLhln a close range. 1hls lnnovauve concepL shall enable your Company Lo enrlch
your manpower wlLh Lhe mulufarlous knowledge of lLs huge neLwork of Lransmlsslon llnes & subsLauons wlLh varlous Lypes of equlpmenLs
ln Lerms of makes, Lechnology and raungs.
1hese Lechnologlcal lnLervenuons shall also faclllLaLe rauonallzauon of manpower ln Lhe ñeld of C&M and Lhls year your Company has
achleved more Lhan 1° manpower rauonallzauon on Lhls accounL.
?our Company has Laken a proacuve sLep Lo resLraln Lhe Lrlpplngs of Lransmlsslon llnes caused due Lo fog and polluuon ln varlous parLs of
Lhe counLry by replaclng Lhe convenuonal lnsulaLors wlLh polymer lnsulaLors. 8eplacemenL of lnsulaLors ln Lhe crlucal llnes / sLreLches ln
norLhern 8eglon has been compleLed and replacemenL of lnsulaLors ln oLher parLs of Lhe counLry ls ln progress. 1hls has slgnlñcanLly reduced
polluuon relaLed Lrlpplngs ln Lhe counLry. lurLher, Lo faclllLaLe opumum selecuon of lnsulaLors for new Lransmlsslon llnes, your Company
ls conducung polluuon mapplng ln norLhern 8eglon and Lhese polluuon measuremenLs are belng carrled ouL aL more Lhan 130 locauons
of Lhe Company and 108 locauons of SLaLe 1ransmlsslon uullues (S1us). 1hese correcuve measures wlll furLher mlnlmlze Lhe probablllLy of
occurrence of ßashover ln llnes passlng Lhrough polluuon añecLed areas besldes opumlzauon of Lransmlsslon llne cosL. Þolluuon mapplng
of SouLhern and LasLern 8eglons are also belng Laken up by your Company. ln addluon, advance acuons are belng Laken llke cleanlng of
convenuonal lnsulaLors as a parL of wlnLer preparedness ln less polluLed sLreLches Lo avold polluuon relaLed Lrlpplngs.
?our Company has placed sLaLe-of-Lhe-arL Lmergency 8esLorauon SysLems (L8S) for Lransmlsslon llnes aL sLraLeglc locauons Lo enable
resLorauon wlLhln shorLesL posslble ume of collapsed Lransmlsslon llne Lowers caused by Lhe evenLuallues of naLural calamlues such as
earLhquake, cyclone, landsllde, & saboLage, eLc. Addluonally, Lo allevlaLe Lhe slmllar evenLuallues ln case of subsLauons, your Company ls
ln Lhe process of procurlng a moblle 400/220 kv L8S for subsLauon for qulck deploymenL & resLorauon of 400kv subsLauon ln 2 Lo 4 weeks
ume whlch oLherwlse Lakes several monLhs.
?our Company's vasL nauonwlde spread Lransmlsslon neLwork passes Lhrough varlous geographlcal areas lncludlng Lough Lerralns such
as snow bound area, deep foresL. ln Lhese Lerralns Lo monlLor Lhe condluon of Lransmlsslon llnes, a fasLer and emclenL paLrolllng sysLem
was necesslLaLed. 1aklng Lhls lnLo conslderauon, your Company has Laken up aerlal paLrolllng of Lransmlsslon llnes uslng hellcopLers for
ldenufylng vlsual and Lhermal defecLs ln Lransmlsslon llnes caused due Lo envlronmenLal sLresses and Lhereby Lo mlnlmlze Lhe breakdown
naLure of malnLenance work. 1o sLarL wlLh Lhls, award for aerlal paLrolllng Lhrough hellcopLers of abouL 13,000 rouLe kms of Lransmlsslon
llnes has already been placed. lurLher, your Company ls also explorlng more conLemporary Lechnlques such as 8obouc 1echnology for
condluon monlLorlng of conducLor, earLhwlre & hardware, eLc.
ÞkCILC1 IMÞLLMLN1A1ICN
8esL eñorLs are belng puL ln by your Company for lmplemenung lLs Lransmlsslon pro[ecLs wlLhln supulaLed ume frame Lo derlve
commerclal beneñLs. ?our Company has developed Lhe lnLegraLed Þro[ecL ManagemenL and ConLrol SysLem (lÞMCS) for eñecuve plannlng,
lmplemenLauon, monlLorlng and managemenL of Lhe Lransmlsslon pro[ecLs. lurLher, Lo opumlse Lhe lmplemenLauon ume schedule of Lhe
pro[ecLs, varlous acuons have been underLaken lncludlng LoLal pro[ecL revlew and monlLorlng uslng lÞMCS and Þro[ecL 8evlew Meeungs aL
regular lnLervals Lhrough vldeo conferenclng. Þre-empuve measures and advance acuons on varlous pro[ecL llnked acuvlues such as land
acqulsluon, sLaLe-of-Lhe-arL survey Lechnlques and soll lnvesugauons, Lender acuvlues, fundlng ue-up, eLc., were also underLaken ln parallel
wlLh pro[ecL lnvesLmenL approval process.
1hese well developed sysLem of lmplemenLauon process has once agaln resulLed ln excepuonal ouLpuL and pro[ecLs worLh abouL `17,213
Crore were commerclallsed durlng Lhe year, addlng abouL 7,1S6 Ckm, 17 sub-stanons and Lransformauon capaclLy of more Lhan 40,230
MVA ln Lhe Lransmlsslon sysLem. ?our Company also umely commlssloned noLable ma[or 763kv and 400kv Lransmlsslon llnes such as
763kv Sasan-SaLna-8lna, 763kv laLehpur-Agra, 763kv Moga-8hlwanl, 763kv !haukalan-8hlwanl, 400kv u/C MalLhon-koderma, 400kv u/C
Mundra-!eLpur, 400kv u/C Chamera Þoollng SLauon-!allandhar, 400kv u/C 8alpur-Wardha lnsplLe of severe consLralnLs faced lncludlng
challenglng Lerralns, severe 8lghL-of-Way (8oW) problems.
lmplemenLauon of Plgh CapaclLy Þower 1ransmlsslon Corrldors (PCÞ1Cs) ls progresslng as per schedule wlLh compleuon ln a phased
CÞLkA1ICNAL LkCLLLLNCL

manner maLchlng wlLh generauon pro[ecLs. ln facL, some of Lhe elemenLs under PCÞ1Cs of Chhamsgarh and Cdlsha have already been
commlssloned ln l? 2012-13 and balance elemenLs of PCÞ1C's are expecLed Lo be compleLed progresslvely by l? 2013-16.
uurlng Lhe year, 24 new pro[ects wlLh an esumaLed cosL of abouL ` 12,S79 Crore lnvolvlng abouL S,S30 Ckt km of Lransmlsslon llnes,
4 new sub-stanons and Lransformauon capaclLy of abouL 12,730 MVA and supply & lnsLallauon of S,207 km of CÞCW ñbre opuc cable were
approved and Laken up for lmplemenLauon.
IINANCIAL MANAGLMLN1
1he llnanclal performance of your Company ln l? 2012-13 has been lmpeccable, achlevlng a Lurnover of `13,329 Crore and neL ÞroñL
of `4,23S Crore as compared Lo `10,78S Crore and ` 3,2SS Crore respecuvely durlng l? 2011-12, growLh of abouL 24° ln Lurnover and
30° ln neL ÞroñL. 1he gross asseL base of Lhe Company has been enhanced Lo `80,600 Crore from ` 63,387 Crore ln 2011-12, an lncrease
of abouL 27°.
?our Company conunues Lo show lmproved performance ln all lLs buslness areas lncludlng 1elecom and ConsulLancy buslnesses, enhanclng
Lhe value for Lhe shareholders.
Cap|ta| Investment and Iund Mob|||zanon
?our Company conunues Lo explore new opporLunlues for ralslng long Lenure debL from boLh domesuc and lnLernauonal debL lnvesLors, for
meeung lLs capex-programme ln xll Þlan, ln addluon Lo debL fundlng from mululaLeral fundlng agencles llke 1he World 8ank and Au8.
ln Lhls dlrecuon, durlng Lhe year, your Company slgned loan agreemenLs wlLh lnLernauonal llnance Corporauon (llC) and lnfrasLrucLure
Crlsls laclllLy uebL Þool LlmlLed LlablllLy ÞarLnershlp (lCl uebL Þool LLÞ) ln !uly, 2012 for a LoLal amounL of uS$270 mllllon for fundlng varlous
Lransmlsslon pro[ecLs. lurLher, your Company made lLs malden foray lnLo forelgn currency markeLs ln !anuary, 2013 and ralsed uS$300
mllllon Lhrough lssuance of 10 year lorelgn Currency 8onds (lC8) aL an auracuve coupon raLe of 3.873° p.a. 1hls malden lssue from your
Company recelved an overwhelmlng response from Lhe lnvesung communlLy and was over-subscrlbed nearly 19 umes. 1he 8onds are
currenLly llsLed ln Slngapore sLock exchange.
ln llne wlLh lLs LargeLed xll Þlan capex-programme, your Company durlng Lhe ñnanclal year 2012-13, made a caplLal lnvesLmenL of
` 20,037 Crore whlch was abouL 13° hlgher Lhan lasL year. AbouL ` 1S,700 Crore of Lhe caplLal lnvesLmenL was moblllsed Lhrough prlvaLe
placemenL of bonds ln domesuc markeL wlLh auracuve coupon raLes, Suppller's credlL, proceeds of ongolng S8l Llne of CredlL, forelgn
currency bonds and loans from llC, lCl uebL Þool LLÞ, mululaLeral fundlng agencles llke 1he World 8ank, Aslan uevelopmenL 8ank eLc. ln
addluon, Lhe accrued lnLernal resources and lÞC proceeds amounung Lo abouL `4300 Crore were uullzed for fundlng equlLy componenL of
Lhe Company.
uurlng Lhe l? 2012-13, your Company was raLed by lnLernauonal credlL raung agencles, SLandard & Þoor's 8aung Servlces (S&Þ) and llLch
8aungs, for Lhe ñrsL ume. 8oLh Lhe agencles have raLed your Company aL 888 - (ouLlook negauve), conslsLenL wlLh Col Soverelgn 8aung.
ConsequenL upon revlslon of Soverelgn raung Lo 'SLable' from 'negauve' recenLly by 'llLch 8aungs', Lhe raung of your Company now sLands
as 888- (ouLlook SLable). 1he Company conunues Lo have lLs raung as AAA/sLable (Lrlple AAA wlLh sLable ouLlook) by C8lSlL, lC8A and CA8L
raungs domesucally.
D|v|dend Þayout
lor l? 2012-13, your Company has proposed a ñnal dlvldend of ` 1.14 per
share ln addluon Lo ` 1.61 per share of lnLerlm dlvldend pald ln lebruary, 2013.
1he ñnal dlvldend shall be pald aûer your approval aL Lhe Annual Ceneral
Meeung. 1hus LoLal dlvldend payouL for Lhe year amounLs Lo ` 1,273.18 Crore
(lncludlng an lnLerlm dlvldend of ` 743.39 Crore) as agalnsL ` 976.89 Crore
pald durlng Lhe prevlous year. 1he LoLal dlvldend payouL lncludlng dlvldend
Lax accounLs for 34.99° of ÞroñL aûer 1ax of Lhe Company.
?our Company values lLs shareholders and hence deLermlned Lo pursue lLs
dedlcauon Lo bulld and malnLaln relauonshlps wlLh Lhem by creaung wealLh
for lLs sLakeholders Lhrough deploylng cumng edge Lechnology, adopung
global besL pracuces, opumum uullzauon of resources and susLalnable
developmenL.

DIkLC1CkS' kLSÞCNSI8ILI1¥ S1A1LMLN1
As requlred u/s 217 (AA) of Lhe Companles AcL, 1936, your ulrecLors conñrm LhaL:
l. ln Lhe preparauon of Lhe Annual AccounLs, Lhe appllcable accounung sLandards have been followed,
ll. 1he ulrecLors have selecLed such accounung pollcles and applled Lhem conslsLenLly and made [udgmenLs and esumaLes LhaL are
reasonable and prudenL so as Lo glve a Lrue and falr vlew of Lhe sLaLe of añalrs of Lhe Company aL Lhe end of Lhe ñnanclal year and
of Lhe proñL of Lhe Company for LhaL perlod,
lll. 1he ulrecLors have Laken proper and sumclenL care ln accordance wlLh Lhe provlslons of Lhe AcL for safeguardlng Lhe asseLs of Lhe
Company and for prevenung and deLecung fraud and oLher lrregularlues,
lv. 1he ulrecLors have prepared Lhe annual accounLs on a golng concern basls.
CCMMLkCIAL ÞLkICkMANCL
WlLh eñecuve from !uly 1, 2011, ÞolnL of Connecuon (ÞoC) Charges Larlñ sharlng mechanlsm has been lmplemenLed ln Lhe Lransmlsslon
secLor for Sharlng of 1ransmlsslon Charges and Losses Lhrough CenLral LlecLrlclLy 8egulaLory Commlsslon 8egulauons, 2010. As Lhe CenLral
1ransmlsslon uullLy (C1u) of Lhe CounLry, your Company has also been asslgned Lhe responslblllLy of carrylng ouL acuvlues llke ralslng of
Lransmlsslon charge bllls on behalf of all Lhe lnLer-SLaLe 1ransmlsslon SysLem (lS1S) Llcensees (presenLly 13 nos.), collecung Lhe amounL and
dlsburslng Lhe same Lo Lhem. ln Lhls regard bllls of Lransmlsslon charges are prepared, ralsed and uploaded on Lhe webslLe porLal for abouL
71 ueslgnaLed lS1S CusLomers (ulCs) lncludlng paymenL deLalls by Lhe cusLomers.
lL ls a mauer of prlde LhaL ln l? 2012-13, ?our Company had achleved a 100° reallsauon of Lransmlsslon Larlñ wlLh hlghesL ever monLhly
reallzauon of Lransmlsslon Larlñ achleved ln Lhe monLh of March, 2013.
DLVLLCÞMLN1 CI NA1ICNAL GkID
8ecognlzlng Lhe need for developmenL of nauonal Crld, LhrusL was glven Lo enhance Lhe capaclLy of nauonal Crld ln a phased manner. ln Lhls
dlrecuon, your Company had esLabllshed/ planned varlous lnLer-reglonal llnks as a parL of dlñerenL generauon pro[ecLs/grld sLrengLhenlng
schemes. 1he lnLer-reglonal power Lransfer capaclLy of Lhe nauonal grld has been planned Lo lncrease Lo abouL 63,330 MW aL Lhe end of xll
Þlan, by addlng abouL 38,000 MW durlng xll Þlan maLchlng wlLh generauon capaclLy addluon programme and power Lransfer requlremenL
across Lhe reglons. ln llne wlLh Lhls, your Company has added 2,000 MW of lnLer-reglonal power Lransfer capaclLy ln l? 2012-13 Lhrough
upgradauon of boLh 763 kv Cwallor-Agra slngle clrculL Lransmlsslon llnes Lo 763 kv volLage level from 400 kv volLage level. 1he cumulauve
lnLer-reglonal power Lransfer capaclLy aL Lhe end of ñrsL year of Lhe xll plan sLood aL abouL 29,7S0 MW.
All lndla synchronous grld ls envlsaged for faclllLaung bulk Lransfer of power across reglonal boundarles and Lo achleve opumal uullzauon of
Lhe resources ln Lhe CounLry. 1owards Lhls, presenLly reglonal grlds of norLhern, LasLern, WesLern and norLh-LasLern 8eglons (nLW grld) are
already connecLed Lhrough synchronous lnLerconnecuons and SouLhern 8eglon (S8) ls connecLed Lo Lhls nLW grld Lhrough over 4,000 MW
capaclLy PvuC llnks. Synchronous lnLerconnecuon of S8 wlLh nLW grld ls envlsaged Lhrough hlgh capaclLy 763 kv S/c 8alchur - Sholapur
llnes (2 nos.). Cne of Lhe above llnes ls under lmplemenLauon by prlvaLe secLor and Lhe oLher llne ls belng lmplemenLed by ÞCWL8C8lu.
8oLh Lhe llnes are envlsaged Lo be compleLed by 2014.
GkID MANAGLMLN1 AND CÞLN ACCLSS
?our Company has been lnsLrumenLal ln provldlng an emclenL, rellable, smooLh and LransparenL grld operauon and managemenL ln Lhe
CounLry. 1he grld managemenL funcuon ln Lhe CounLry ls conunued Lo be looked aûer by Þower SysLem Cperauon Corporauon LlmlLed
(ÞCSCCC), a fully owned subsldlary of your Company, wlLh lLs sLaLe-of-Lhe-arL unlñed Load uespaLch & Communlcauon faclllues. 1hese
faclllues are belng updaLed conunuously Lo furLher lmprove quallLy and economy ln operauon of power sysLems besldes lmprovlng daLa
avallablllLy, vlslblllLy and Lransparency.
?our Company's sLrong Lransmlsslon neLwork and modernlsed 8LuCs have faclllLaLed abouL 66 b||||on un|ts (8Us) of lnLer-reglonal energy
Lransfer across Lhe CounLry durlng l? 2012-13, as compared Lo prevlous year's energy Lransfer of abouL 39 8us, meeung more demand ln
energy deñclL reglons.
uurlng Lhe year, 32,139 Lransacuons lnvolvlng abouL 73 8Us of energy were approved under ShorL 1erm Cpen Access (S1CA) compared Lo
24,111 Lransacuons and abouL 67 8us of energy durlng l? 2011-12.
?our Company, as C1u, ls Lhe nodal agency for processlng & granL of ConnecuvlLy, Long 1erm Cpen Access/ Long 1erm Access (L1CA/L1A) and
Medlum 1erm Cpen Access (M1CA) of varlous appllcanLs. 1owards Lhls, as on March 31sL, 2013, Lhe Company had granLed L1CA/L1A Lo 131
nos. of appllcanLs wlLh 83,060 MW L1A capaclLy ouL of 214 appllcauons wlLh L1CA/L1A soughL for abouL 1,29,408 MW. Some of Lhe L1CA/
L1A appllcauons were wlLhdrawn/closed due Lo non-sausfacLory progress of Lhe lÞÞ generauon pro[ecLs. lurLher, ÞCWL8C8lu recelved 180
ConnecuvlLy appllcauons for abouL 1,74,430 MW, ouL of whlch connecuvlLy has been granLed Lo 80 nos. of appllcauons for 69,074 MW. 1he
M1CA was granLed Lo 44 nos. of appllcauons for 4,267MW. 27 nos. of M1CA appllcauons were wlLhdrawn/closed as Lhe compleLe Avallable
1ransfer CapablllLy (A1C) was already allocaLed and some appllcauons are under process.
unforLunaLely, Lhere were Lwo ma[or grld dlsLurbances on 30Lh and 31sL !uly, 2012, whlch resulLed ln fallure of norLhern 8eglonal Crld ln
ñrsL day and LhaL of norLhern, LasLern and norLh-LasLern reglonal grlds by Lhe dlsLurbance occurred on Lhe followlng day. 8esLorauon of Lhe
añecLed areas was Laken up lmmedlaLely on boLh Lhe days and ma[orlLy sysLem was normallzed ln abouL slx Lo elghL hours on respecuve days
lLself. An Lnqulry Commluee headed by Chalrperson, CLA was consuLuLed by Col for lnvesugauon of causes for Lhese Lwo grld dlsLurbances
ln !uly, 2012. CovernmenL of lndla ls monlLorlng Lhe lmplemenLauon of Lhe Lnqulry Commluee's recommendauons. varlous measures are
1e
belng Laken by ÞCWL8C8lu, ÞCSCCC and CovernmenL of lndla for secure grld operauon such as Lhlrd parLy proLecuon audlL, advlslng SLaLe
uullues Lo malnLaln grld dlsclpllne & draw power from grld wlLhln Lhe schedule, formulauon of lslandlng schemes ln dlñerenL SLaLes, revlew
of unscheduled lnLerchange (ul) mechanlsm, preparauon of comprehenslve defence plan coverlng under-frequency, raLe of change of
frequency under volLage, sysLem proLecuon schemes Lo cover large generauon and Lransmlsslon llne ouLages, advlse Lo uullues Lo prepare
ouLage plans for generaung unlLs and Lransmlsslon llnes ln consulLauon wlLh 8eglonal Þower Commluees and revlew of Lransmlsslon
plannlng crlLerla, eLc. lurLher, peuuons have also been ñled ln CenLral LlecLrlclLy 8egulaLory Commlsslon (CL8C) by varlous 8eglonal Load
uespaLch CenLres lncludlng Lhe nauonal Load uespaLch CenLre on varlous lssues lnLer-alla, modlñcauon ln congesuon charge procedure,
modlñcauon ln ul charges and relaLed mauers, furLher ughLenlng Lhe frequency band, prlmary response from generaLors eLc. ln addluon,
CovernmenL of lndla ls conLemplaung necessary amendmenLs ln LlecLrlclLy AcL, 2003 for mlugaung Lhe lssues ln Crld Cperauon.
ÇUALI1¥ MANAGLMLN1
?our Company wlLh an asplrauon Lo achleve absoluLe cusLomer sausfacuon ls conunuously endeavourlng Lo provlde cosL eñecuve & quallLy
servlces Lo lLs valued cusLomers. 1o achleve Lhls, Lhe Company ls Laklng necessary sLeps Lo lmplemenL requlslLe quallLy measures ln each
and every sLep of lLs chaln of operauon rlghL from concepLuallzauon of pro[ecL Lo commlsslonlng and subsequenLly durlng operauonal
phase. ?our Company ls followlng SLandard ManufacLurlng CuallLy Þlan aL boLh nauonal & lnLernauonal level whlle lnspecuon aL varlous
manufacLurlng sLages and also adheres Lo sLandard Cperauon and MalnLenance (C&M) manuals for operauon & malnLenance of lLs
Lransmlsslon sysLem. lurLher, Lo lmprove quallLy, varlous Lechnlques are belng adopLed Lo ldenufy Lhe areas of lmprovemenL and develop
acuon plan for conunuous quallLy lmprovemenL ln all of lLs acuvlues.
uurlng Lhe year 2012-13, Lhe ceruñcauon on lnLegraLed ManagemenL SysLem was revlewed and revlsed ceruñcauon was acclalmed based
on Lhe evaluauon of lmplemenLauon of laLesL sysLems and procedures. ?our Company ls presenLly ceruñed for lnLegraLed ManagemenL
SysLem as per Þubllcly Avallable Speclñcauon, ÞAS 99:2006 lnLegraung requlremenLs of lSC 9001:2008 (CuallLy ManagemenL SysLem),
lSC 14001:2004 (LnvlronmenL ManagemenL SysLem) and CPSAS 18001:2007 (Cccupauonal PealLh & SafeLy ManagemenL SysLem). ?our
Company has re-conñrmed lLs ceruñcauon of Lhe enure Corporauon for Soclal AccounLablllLy SLandard (SA 8000:2008) aûer audlung of lLs
esLabllshmenLs for soclal accounLablllLy sysLems.
CapaclLy bulldlng, belng one of Lhe ma[or challenge speclally ln mulu-Lasklng envlronmenL under wlde area operauon, vendor developmenL
have been Laken-up on prlorlLy Lo meeL pro[ecL requlremenLs boLh, ln execuuon and supply of 763/400kv equlpmenL.
WlLh zero producL lnspecuon as Lhe ulumaLe goal, your Company has Laken up process audlLs aL a number of manufacLurlng unlLs spread
all over Lhe counLry & also aL overseas, aL Lhelr works. ApproprlaLe correcuve acuons are also belng Laken up based on CuallLy AudlL
feedback. lurLher, for asserung quallLy durlng LransporLauon, sLorage, erecuon and commlsslonlng acuvlues durlng lmplemenLauon of
pro[ecLs, CuallLy AudlL on lmplemenLauon of lleld CuallLy Þlans was also carrled ouL.
1LCnNCLCG¥ DLVLLCÞMLN1
?our Company glves prlorlLy Lo research and developmenL acuvlues wlLh poLenual for soclal, envlronmenLal & nauonal beneñLs by
lncorporaung advance Lechnology soluuons Lo gear up for fuLure challenge.
1he ma[or areas of concern ln developmenL of Lransmlsslon neLwork ln Lhe CounLry are conservlng Lhe preclous 8lghL of Way (8oW),
mlnlmlzlng lmpacL on naLural resources, coordlnaLed developmenL of cosL eñecuve Lransmlsslon corrldor and ßexlblllLy ln upgradauon
of Lransfer capaclLy of llnes. ln order Lo address Lhese lssues, your Company ls deploylng Lechnologles such as Mulu ClrculLs, CompacL &
1all 1owers, Plgh Surge lmpedance Loadlng Llnes, llxed & 1hyrlsLor conLrolled Serles Compensauon, Plgh 1emperaLure Low Sag (P1LS)
ConducLors, eLc.
Lxperlenced wlLh consLrucuon of 763kv LxLra-Plgh-volLage AC (LPvAC) & ±300kv PvuC Lransmlsslon sysLem, ?our Company ls now
lmplemenung nexL hlgher Lransmlsslon volLages of ±800kv PvuC &worklng on 1200 kv ulLra-Plgh-volLage AC (uPvAC) sysLem Lo achleve
emclenL uullzauon of 8oW and lncreased power Lransfer capablllLy for Lransfer of bulk power over long dlsLances.
±800kV Mu|n-1erm|na| nVDC System
lmplemenLauon of ±800kv, 6,000 MW mulu-Lermlnal PvuC sysLem of around 2,000 km from norLh LasLern 8eglon (nL8) (8lswanaLh Charlall
ln Assam and Allpurduar of WesL 8engal) Lo norLhern 8eglon (n8) (Agra ln uuar Þradesh) ls progresslng well and commlsslonlng shall be
ln 2013-16. upon compleuon, lL shall be one of Lhe largesL mulu-Lermlnal PvuC sysLems ln Lhe world aL Lhls volLage level. PvuC sysLem aL
800kv level ls parucularly used for bulk power Lransmlsslon over long dlsLance wlLh reduced 8oW and losses.
1200kV UnVAC 1ransm|ss|on System
1he 1200kv uPvAC Lechnology, Lhe hlghesL volLage level ln Lhe world, ls belng developed lndlgenously by your Company ln collaborauon
wlLh 33 lndlan manufacLurers. 1hls ls one of Lhe unlque 8&u pro[ecLs ln Þubllc-ÞrlvaLe ÞarLnershlp model. ln Lhls, a 1200kv nauonal 1esL
SLauon ls belng esLabllshed by Lhe Company Lo faclllLaLe lndlgenous developmenL of uPvAC Lechnology. 1he 1200kv Slngle ClrculL (S/c) and
uouble ClrculL (u/c) LesL llnes were successfully LesL charged along wlLh one 1200kv 8ay aL 1200kv uPvAC nauonal 1esL SLauon aL 8lna,
Madhya Þradesh and ñeld LesLs are currenLly undergolng. Pon'ble unlon MlnlsLer of SLaLe (l/C) for Þower has dedlcaLed Lhe 1200kv ulLra
Plgh volLage (uPv) AC nauonal 1esL SLauon aL 8lna, Madhya Þradesh Lo Lhe nauon ln uecember, 2012.
CLher Lechnologlcal lnluauves such as Þolluuon & LlghLnlng mapplng, Lmergency 8esLorauon SysLems for 400kv subsLauon (Moblle
subsLauon), Þrocess bus archlLecLure for SubsLauon AuLomauon SysLem, 1ransmlsslon Llne ArresLors, Moblle 1esL van, 33kv Moblle CapaclLor
8ank & Plgh 1emperaLure SuperconducLor 1echnology for bulk power Lransmlsslon, faulL currenL llmlLauon (Superconducung laulL CurrenL
LlmlLer) and energy sLorage (Superconducung Magneuc Lnergy SLorage) appllcauons are belng Laken up/ explored by your Company for
Lhelr vlablllLy ln lndlan Þower SysLem Lo ensure more emclenL, safe, secure & rellable operauon of Crld.
1J
SMAk1 GkID 1LCnNCLCG¥
?our Company conunues Lo Lake ploneerlng sLeps ln brlnglng SmarL Crld Lechnology ln all faceLs of power supply value chaln ln Lhe counLry.
llrsL SmarL Crld ConLrol CenLer ln Lhe CounLry has been esLabllshed aL Þuducherry by your Company Lhrough open collaborauon wlLh more
Lhan 70 organlzauons & academlc lnsuLuuons. under Lhls, lmporLanL SmarL Crld aurlbuLe l.e. Advanced MeLerlng lnfrasLrucLure (AMl)
has been lmplemenLed and oLher funcuonallues llke CuLage ManagemenL SysLem, uemand 8esponse, Mlcrogrld, eLc. are belng Laken up
ln a progresslve manner. 1hls SmarL Crld plloL pro[ecL would be very helpful Lo demonsLraLe Lechnology emcacy, evoluuon of commerclal
mechanlsm and sulLable regulauon, formulauon of lnLeroperablllLy framework, lndlgenlzauon of Lechnology and renewable lnLegrauon, eLc.
whlch can be scalable and repllcable aL oLher places ln Lhe CounLry for overall beneñLs Lo boLh consumers and uullues.
ln addluon, emclenL sLreeL llghL managemenL sysLem has been lmplemenLed aL Þuducherry whlch has resulLed ln reducuon of energy
consumpuon for sLreeL llghung by abouL 13°. lurLher, developmenL of SmarL Pome Lnergy ManagemenL SysLem ls belng carrled ouL ln
assoclauon wlLh ll1, kharagpur Lo faclllLaLe consumers ln energy managemenL process Lhrough remoLe operauon. 1owards green energy
lnluauves, lnsLallauon of 30kWp roof-Lop solar Þv planL aL n1AMC bulldlng, Manesar ls under progress.
ln addluon Lo preparlng Þro[ecL 8eporL for SmarL Crld lmplemenLauon by varlous dlsLrlbuuon uullues/clues, your Company has prepared
Lhe feaslblllLy reporL for upcomlng green ñeld pro[ecL aL uholera Sl8, comlng under uelhl- Mumbal lndusLrlal Corrldor (uMlC).
?our Company has Laken leadershlp lnluauve for lmplemenLauon of SmarL Crld 1echnology ln Lransmlsslon also. 1owards Lhls, Lhe Company
has execuLed Wlde Area MeasuremenL SysLem (WAMS) plloL pro[ecL ln four (4) reglons and ls under progress ln Lhe LasLern 8eglon. under
Lhls lnluauve, presenLly abouL 40 nos. Þhasor MeasuremenL unlLs (ÞMus) are ln operauon, faclllLaung dynamlc real ume measuremenLs and
beuer vlsuallzauon of power sysLem whlch are useful ln monlLorlng safeLy & securlLy of Lhe grld along wlLh enhanced slLuauonal awareness
and Laklng conLrol/correcuve acuons.
lor full scale lmplemenLauon of WAMS Lechnology on pan lndla basls, your Company has proposed ºunlñed 8eal 1lme uynamlc SLaLe
MeasuremenL SysLem (u81uSM)" scheme lnLegraung SLaLe and CenLral grlds, l.e. ÞMu placemenL aL all PvuC, 400kv and above subsLauons
/ generaung sLauons lncludlng 220 kv level and ÞuC (Þhasor uaLa ConcenLraLor) aL sLraLeglc locauons. 1he Scheme shall enhance Lhe
emclency ln overall grld managemenL ln elecLrlclLy open markeL reglme. 1oLal esumaLed cosL of Lhe u81uSM pro[ecL ls abouL ` 633 Crore.
GkLLN LNLkG¥ CCkkIDCkS - GkID IN1LGkA1ICN CI kLNLWA8LL LNLkG¥
lnLegrauon of 8enewable Lnergy 8esources wlLh grld ls Lhe Lop prlorlLy worldwlde for energy securlLy and also for carbon emlsslon reducuon.
CovernmenL of lndla ls Laklng varlous lnluauves ln Lhe area of renewable energy capaclLy addluon and abouL 42 CW of generauon ls
envlsaged ln xll plan. ?our Company has Laken a lead lnluauve and developed a comprehenslve masLer plan, Creen Lnergy Corrldors, whlch
has been released by MlnlsLry of Þower and MlnlsLry of new & 8enewable Lnergy (Mn8L) for lnLegrauon of renewables comlng up counLry-
wlde ln xll plan.
1hls covers ldenuñcauon of Lransmlsslon requlremenL aL lnLer-SLaLe and lnLra-SLaLe level for grld lnLegrauon of envlsaged renewable
capaclLy addluon. lurLher, Lo address Lhe lnLermluency and varlablllLy characLerlsucs of renewable generauon, oLher conLrol lnfrasLrucLure
llke forecasung of renewable generauon and demand, 8eal ume measuremenL/monlLorlng Lhrough Synchrophasor Lechnology, ßexlble
generauon, anclllary reserves, uemand-slde & demand response managemenL and energy sLorage, esLabllshmenL of 8enewable Lnergy
ManagemenL CenLers (8LMC) eLc. ls also ldenuñed.
A !olnL ueclarauon of lnLenL ls also slgned beLween CovL. of lndla & CovL. of Cermany for cooperauon ln Lhe ñeld of lnLegrauon of renewable
energy sources ln Lhe form of provldlng ñnanclal asslsLance Lhrough soû loan of abouL 1 bllllon euro by Cermany Lo develop prlorluzed lnLer-
SLaLe & lnLra-SLaLe Lransmlsslon sysLems l.e. Creen Lnergy Corrldors as well as sharlng of Lechnlcal experuse ln Lhe above ñeld.
ÞLkICkMANCL IN 1LLLCCM
?our Company ls leveraglng lLs counLrywlde Lransmlsslon lnfrasLrucLure dlverslñed lnLo 1elecom buslness under Lhe brand name 'ÞCWL81LL'
Lo expand lLs revenue base. ?our Company has an all lndla 8road 8and 1elecom neLwork of abouL 29,300 km wlLh connecuvlLy provlded
Lo all meLros, ma[or clues, Lowns, SLaLe caplLals lncludlng remoLe areas of norLh-LasLern 8eglon, !ammu & kashmlr eLc. coverlng abouL
290 ÞolnLs of Þresence (ÞoÞs) across Lhe counLry from where servlces are belng rendered. ?our Company ls Lhe only uullLy ln Lhe CounLry
provldlng 1elecom Servlces on overhead opuc ñbre neLwork uslng Cpucal Cround Wlre (CÞCW) on power Lransmlsslon llnes and possess
lnfrasLrucLure Þrovlder CaLegory-l (lÞ-l), lnLerneL Servlce Þrovlder 'A' (lSÞ 'A') and nauonal Long ulsLance Servlce Llcense (nLu) Lo provlde a
varleLy of 1elecom servlces.
AvallablllLy of 1elecom 8ackbone sysLem was malnLalned aL 99.92° durlng l? 2012-13. 1he lncome from 1elecom ln l? 2012-13 has lncreased
Lo abouL `231 Crore from `201Crore ln l? 2011-12. 1he revenue from our Lelecommunlcauon buslness ls malnly on accounL of leaslng of
bandwldLh on our ñbre-opuc llnks Lo varlous cusLomer segmenLs vlz, 1elecom Servlce Þrovlders, CovernmenL ueparLmenLs, Mulu nauonal
Companles (MnCs), medla eLc.
Nanona| know|edge Network (NkN)
?our Company ls one of Lhe lmplemenung agencles of Lhe presuglous nauonal knowledge neLwork (nkn) pro[ecL devlsed by CovL. of lndla
whlch plans Lo connecL all knowledge cenLres across Lhe CounLry such as lndlan lnsuLuLes of 1echnology (ll1s), lndlan lnsuLuLe of Sclence
(llSc) eLc., on hlgh speed connecuvlLy. 1oLal expecLed revenue Lo Lhe Company under Lhls pro[ecL over a perlod of 10 years ls abouL ` 900
Crore. 1oLal advance amounL recelved from nauonal lnformaucs CenLre (nlC) agalnsL nkn order ls ` 640.83 Crore ull March 31, 2013.
Nanona| Cpnca| I|ber Network (NCIN)
?our Company ls a member of Advlsory 8ody and Core Commluee of Lhe ambluous nauonal Cpucal llber neLwork Þro[ecL Lhrough whlch
ZJ
CovernmenL of lndla plans Lo connecL 2,30,000 Cram ÞanchayaLs (CÞs) on Cpucal llber neLwork uullzlng exlsung faclllues of 8haraL Sanchar
nlgam LlmlLed (8SnL), ÞCWL8C8lu and 8all1el Corporauon of lndla LlmlLed aL an esumaLed cosL of ` 20,000 Crore wlLh compleuon perlod
of 24 monLhs. As a parL of Lhls, your Company has compleLed a plloL pro[ecL aL Þarawada 8lock, vlskhapaLnam ulsLrlcL (Andhra Þradesh) ln
CcLober 13, 2012 uullzlng exlsung ñbers of 8SnL & ÞCWL8C8lu and laylng lncremenLal ñber wherever requlred.
under Lhls, your Company has recelved an alloLmenL leuer from 8haraL 8roadband neLwork LLd (88nL) for developmenL & malnLenance
of nCln neLwork ln four SLaLes vlz. Andhra Þradesh, Plmachal Þradesh, !harkhand & Cdlsha coverlng abouL 36,000 CÞs. 1he work ls Lo be
carrled ouL ln abouL 89 dlsLrlcLs coverlng 1,769 blocks across Lhese four SLaLes. 1he esumaLe cosL of Lhe pro[ecL for Lhese four SLaLes would
be abouL ` 2,700 Crore. As a parL of Lhls, your Company has slgned a Mou wlLh 88nL for developlng nCln neLwork ln 4 SLaLes on 8ulld,
CperaLe and MalnLaln basls, on uecember 04, 2012. ÞresenLly, survey acuvlues are under progress.
8USINLSS DLVLLCÞMLN1 & CCNSUL1ANC¥
?our Company conunues Lo showcase lLs leadershlp ln lLs core areas such as Þower 1ransmlsslon, Sub-Lransmlsslon, ulsLrlbuuon and 1elecom
uullslng Lhe Lechno-commerclal proñclency Lo oñer consulLancy servlces worldwlde.
Cn Lhe domesuc fronL, durlng l? 2012-13, Lhe Company has bagged 26 new asslgnmenLs aggregaung Lo a pro[ecL cosL of `71S Crore, wlLh
conunued & unbounded LrusL ln your Company by Þubllc & ÞrlvaLe uullues allke. 1o enhance cusLomers' base, buslness promouon acuvlues
have been underLaken by your Company wlLh varlous CenLral Þubllc SecLor underLaklngs llke SAlL, 8lnL, uMlC, ulCC, 8allways, eLc. &
succeeded ln bagglng conLracL wlLh SAlL for provldlng Lechnlcal servlces Lo four planLs of SAlL. ln addluon, belng Lhe fronL runner ln SmarL
Crld lmplemenLauon ln Lhe CounLry, our lnluauves Lo provlde Lechnlcal servlces for SmarL Crld / SmarL ClLy appllcauons are expecLed Lo bear
frulL and brlng number of consulLancy asslgnmenLs ln near fuLure.
lurLher, your Company has underLaken an lnLernauonal !olnL venLure (!v) wlLh nepal. As a resulL of Lhls, Cross border Þower 1ransmlsslon
Company LLd., (CÞ1C) became operauonal Lhls year, whlch has 10° equlLy paruclpauon from nepal LlecLrlclLy AuLhorlLy. 1hls Company shall
lmplemenL lndlan poruon of lndo-nepal llnk (Muzañapur, lndla Lo uhalkebar, nepal). lor nepalese poruon of Lhls lnLernauonal llnk, your
Company shall be paruclpaung 26° equlLy ln anoLher lnLernauonal !v Company l.e., Þower 1ransmlsslon Company nepal LLd., (Þ1Cn).
ln lnLernauonal arena, durlng Lhe year, your Company had bagged 9 (n|ne) new asslgnmenLs havlng pro[ecL cosL of ` 332 Crore. AL Lhe end of
Lhe l? 2012-13, 17 asslgnmenLs were under execuuon wlLh fooLprlnL ln 11 countr|es vlz. nepal, 8huLan, 8angladesh, AfghanlsLan, Srl Lanka,
Myanmar, uAL, nlgerla, LLhlopla, kenya &1a[lklsLan.
uurlng Lhe year, your Company has earned revenue of ` 313 Crore from consulLancy buslness lncludlng consulLancy lncome from sale of
producLs, surpasslng prevlous year's revenue of ` 290 Crore.
SAAkC Gr|d
?our Company conunues Lo play an acuve role ln preparlng a roadmap for developlng South As|an Assoc|anon for keg|ona| Cooperanon
(SAAkC) markeL for elecLrlclLy Lo develop a cross counLry power-grld, harnesslng each oLher's capaclues and resources Lo address Lhe
growlng energy need ln Lhe reglon. ÞresenLly, varlous lnLerconnecuons exlsL beLween lndla & nepal and lndla & 8huLan and Lhese are
belng sLrengLhened for muLual exchange of power. lor evacuauon of power from varlous upcomlng Pydro LlecLrlc Þower (PLÞs) ln 8huLan,
ÞunaLsangchu-l PLÞ (ln 8huLan) - Allpurduar (ln lndla) 400 kv uouble ClrculL (u/c) llne beLween 8hutan & Ind|a ls under lmplemenLauon
and expecLed Lo be compleLed by 2013. lurLher, an asynchronous lnLerconnecuon beLween Ind|a & 8ang|adesh Lhrough 300 MW Plgh
volLage ulrecL CurrenL (PvuC) back-Lo-back Lermlnal along wlLh 8heramara (8angladesh) - 8aharampur (lndla) 400kv u/c llne ls under
lmplemenLauon and expecLed Lo be compleLed by 2013. lor Lransfer of bulk power, lnLerconnecuon beLween Ind|a and Nepa| Lhrough
400 kv uhalkebar (ln nepal) - Muzañarpur (ln lndla) u/C Lransmlsslon llne ls under lmplemenLauon. lor lnLerconnecuon beLween India and
Sr| Lanka, feaslblllLy sLudy for a ±400kv, 300/1000MW under-sea PvuC blpole llne ls under ñnallzauon. lurLher, dlscusslons aL CovernmenL
level are belng held for lnLerconnecuon beLween India and Pakistan Lhrough AmrlLsar (lndla) - Lahore (ÞaklsLan) llne.
LkÞLCkING NLW nCkI2CNS
?our Company conunues Lo pursue lLs explorauon Lowards backward lnLegrauon and ls formlng !olnL venLure Companles wlLh Lhe prlme
producers of raw maLerlal for manufacLurlng of ma[or Lransmlsslon equlpmenL. ln Lhls dlrecuon, your Company has slgned Mou wlLh SAlL
for manufacLurlng of Lransmlsslon llne Lowers and lLs parLs lncludlng 8esearch & uevelopmenL faclllues ln addluon Lo Lhe Mous slgned
earller wlLh nauonal Alumlnlum Company LlmlLed (for ConducLors) and 8ashLrlya lspaL nlgam LlmlLed (for Lransmlsslon llne Lowers). 1hese
faclllues are envlsaged Lo caLer Lo domesuc/ lnLernauonal markeL.
lurLher, wlLh a vlew Lo spur Lhe developmenL of sub-Lransmlsslon sysLem ln Lhe CounLry by provldlng supporL Lo SLaLes, your Company
has formed !olnL venLure Companles (!vCs) namely Bihar Grid Company Limited wlLh 8lhar SLaLe Þower (Poldlng) Company LlmlLed and
ka||nga 8|dyut Þrasaran N|gam Þr|vate L|m|ted wlLh Cdlsha Þower 1ransmlsslon Corporauon LlmlLed, on 30:30 equlLy paruclpauon basls
for developmenL of lnLra-SLaLe 1ransmlsslon SysLem ln Lhe SLaLe of 8lhar & Cdlsha, respecuvely. varlous regulaLory / sLaLuLory approvals
ln respecL of Lhe above are under process. lurLher, dlscusslons are under process for formlng a slmllar !olnL venLure Company wlLh oLher
SLaLe(s).
CCN1kI8U1ICN IN DIS1kI8U1ICN kLICkMS
CovL. of lndla's º8a[lv Candhl Crameen vldyuukaran ?o[ana (8CCv?)" scheme for 8ural LlecLrlclLy lnfrasLrucLure and Pousehold LlecLrlñcauon
was launched for Lhe aualnmenL of Lhe nauonal Common Mlnlmum Þrogramme of provldlng access Lo elecLrlclLy Lo all 8ural Pousehold.
?our Company has Laken a lead role ln lmplemenLauon of 8CCv? works and has been asslgned one-Lhlrd of Lhe LoLal works for execuuon
of rural elecLrlñcauon covered ln 68 dlsLrlcLs of nlne SLaLes ln Lhe CounLry of a base cosL of abouL ` 7,230 Crore. MosL of Lhe schemes
Z1
have already been compleLed. uurlng l? 2012-13, lnfrasLrucLure was creaLed for e|ectr|hcanon ln 3,8S2 v|||ages ouL of whlch 146 were
un-elecLrlñed vlllages and 8,0S3 v|||ages were energised ouL of whlch 1,11S v|||ages were ln un-elecLrlñed caLegory. Servlce connecuons were
provlded Lo abouL 1.82 Lakh 8ÞL househo|ds. Cumulauvely, ull March, 2013, lnfrasLrucLure has been creaLed for elecLrlñcauon of 68,6S4
v|||ages ouL of whlch 32,463 were un-elecLrlñed vlllages and servlce connecuon Lo abouL 3S.37Lakh 8ÞL househo|ds were provlded.
kII ÞLAN INVLS1MLN1 ÞkCGkAMML
ln xll Þlan, your Company had planned Lo make an lnvesLmenL of ` 1,00,000 Crore maLchlng wlLh Lhe envlsaged generauon capaclLy addluon.
1hls lnvesLmenL ls malnly for lmplemenLauon of varlous lnLer-sLaLe Lransmlsslon sysLems lncludlng Plgh CapaclLy Þower 1ransmlsslon
Corrldors (PCÞ1Cs), lnLer-reglonal llnks for grld sLrengLhenlng, sysLem sLrengLhenlng schemes, eLc. CuL of Lhe planned `1,00,000 Crore,
your Company has already made a CaplLal expendlLure of `20,037 Crore ln Lhe ñrsL year of Lhe Þlan l.e. l? 2012-13. uurlng Lhe xll plan,
Lransmlsslon neLwork addluon of abouL 40,000 ckm of Lransmlsslon llnes and abouL 1,00,000 MvA of Lransformauon capaclLy has been
envlsaged ln whlch your Company has already commlssloned 7,136 Ckm of LPv Lransmlsslon llnes and Lransformauon capaclLy of more
Lhan 40,230 MvA ln l? 2012-13.
1o meeL Lhe CAÞLx of `1,00,000 crore, your Company has Lo ralse a uebL of abouL `70,000 Crore of whlch abouL `38,800 crore, l.e. 34°,
has already been ued up Lhrough fundlng from varlous mechanlsms. lurLher, your Company has excellenL credlL raung by boLh domesuc
and lnLernauonal credlL agencles and Lhereby do noL foresee any dlmculLy for resource moblllsauon. 1he Loan requlremenLs are planned
Lo meeL Lhrough Loans from mululaLeral lnsuLuuons llke 1he World 8ank, Aslan uevelopmenL 8ank, Suppller CredlL, LxLernal Commerclal
8orrowlngs Lhrough bonds / noLes besldes loans from domesuc markeL Lhrough prlvaLe placemenL of bonds.
LkÞ & I1
?our Company ls esLabllshlng Lhe LnLerprlse 8esource Þlannlng (L8Þ) sysLem ln lLs organlzauon Lo manage Lhe masslve lnformauon ßows ln
Lhe sysLem. 1he maln package of L8Þ Þro[ecL has been awarded Lo M/s 1aLa ConsulLancy Servlces (1CS) whlch lncludes developmenL of uaLa
CenLre, ulsasLer 8ecovery CenLre and augmenLauon of communlcauon neLwork. 1he plloL pro[ecL of Lhe same ls expecLed Lo be operauonal
durlng l? 2013-14. 1he plloL pro[ecL wlll cover Lhe Company's CorporaLe CenLre ln Curgaon and one of lLs reglonal headquarLers.
uurlng Lhe year, your Company had provlded LapLops and daLa-cards Lo Lhe employees for emclenL accompllshmenL of Lhelr funcuons wlLh
swlûer & easler sLorage, usage, Lransfer and reLrleval of daLa. lurLher, uullslng Lhe skllls & ln-house experuse, Lhe Company has sysLemaucally
developed varlous soûware appllcauons Lo smooLhenlng lLs funcuonal areas. 1he Company has also renewed lLs webslLe ln a conLemporary
fashlon Lo make lL more user frlendly. 8elng locaLed ln pan lndla basls, advanced communlcauon sysLem has became essenual and Lo
acLuallze LhaL Lhe Company had lnsLalled Plgh ueñnluon Mulu-conference unlL (MCu) aL CorporaLe Cmce, Curgaon lncludlng vldeo Wall
SysLem. ?our Company has Laken Lhe necessary sLeps for lSC:27001 ceruñcauon and for lmplemenLauon of Lhe necesslLaLed lnformauon
SecurlLy ManagemenL SysLem (lSMS) across Lhe organlzauon Lenderlng ls ln process.
SUS1AINA8LL DLVLLCÞMLN1
Ma[or concern LhaL globe ls faclng now ls Lhe envlronmenLal degradauon and lncreaslng LhreaL of cllmaLe change. 1he Lransmlsslon
pro[ecLs belng lmplemenLed by your Company are envlronmenLally clean and lnvolve nelLher dlsposal of solld wasLe, eMuenLs or hazardous
subsLances ln land, alr or waLer nor large scale excavauon whlch may resulL ln soll eroslon.
Powever, your Company has proacuvely formulaLed and followed Lhe LnvlronmenLal and Soclal Þollcy & Þrocedures (LSÞÞ) for Lhe
conservauon of foresLs, ßora & fauna, reseulemenL & rehablllLauon. lollowlng Lhe prlnclple of Avoldance, Mlnlmlzauon and Mlugauon,
your Company ensured Lo evade CreaL lndlan 8usLard SancLuary ln Madhya Þradesh and Achanakmar-AmarkanLak 8losphere 8eserve ln
Chhamsgarh durlng consLrucuon of 763 kv lndore-uahod and 763 kv uharam[algarh-!abalpur llnes respecuvely.
?our Company was Lhe ñrsL Company ln power secLor Lo come ouL wlLh Lhe 'SusLalnablllLy 8eporL' ln March, 2010 and second such reporL
has been publlshed ln March, 2013, provldlng all sLakeholders a clear plcLure of our conLrlbuuon Lo susLalnable developmenL Lhrough
lLs acuvlues. 1he reporL ls based on C8l-C3 guldellnes. lnLernauonal SLandards llke AccounLablllLy, uk SLandard ºAA1000:2008 AÞS and
AA1000:2011 SLS" have been followed Lo make Lhe process more lncluslve.
1he Company has Laken varlous lnluauves Lowards susLalnable developmenL and ln Lhe dlrecuon of reduclng lLs carbon fooLprlnL. 1owards
Lhls, Lhe Company has adopLed 8aln WaLer Parvesung faclllLy ln lLs esLabllshmenLs. Lvery subsLauon belng consLrucLed now ls provlded
wlLh raln waLer harvesung sysLems. ln addluon, energy emclenL LlghL Lmlmng ulode (LLu) bulbs and Solar llghLs are belng provlded ln new
subsLauons Lo reduce ln-house consumpuon of energy. A wasLe paper recycllng planL has been lnsLalled aL Curgaon subsLauon and wlLh
Lhe produced recycled papers leuer heads and buslness cards are belng prlnLed. new bulldlngs are belng consLrucLed as per Creen 8ulldlng
norms. ?our Company wlLh an lnluauon Lo reduce Lhe energy consumpuon has underLaken Lnergy audlL aL 12 of lLs sub-sLauons durlng l?
2012-13 and based on lLs reporLs necessary acuons underLaken for lmprovemenL.
?our Company ls focuslng on more number of hlgh capaclLy Lransmlsslon sysLems whlch wlll help ln uullzlng Lhe rlghL-of-way ln an opumal
manner and mlnlmlzlng Lhe loss of foresL, ßora & fauna and naLural resource llke land, eLc.
CCkÞCkA1L SCCIAL kLSÞCNSI8ILI1¥
?our Company, emphaslzlng on soclo-economlc and lnLegral developmenL of areas/ communlues prlmarlly ln and around lLs areas of
operauons, carrles ouL varlous communlLy developmenL acuvlues such as Sklll uevelopmenL & CapaclLy 8ulldlng, llvellhood generauon,
healLhcare, educauon, planLauon, sanlLauon, drlnklng waLer besldes lnfrasLrucLure developmenLs llke classrooms, roads, communlLy
cenLres eLc.
ZZ
uurlng Lhe l? 2012-13, Lhe Company made an expendlLure of ` 21.73 Crore [0.67° of ÞroñL Aûer 1ax (ÞA1) of Lhe precedlng year] for
carrylng ouL abouL 440 CS8 pro[ecLs lncludlng 19 ln educauon secLor, 132 ln Lhe area of lnfrasLrucLure, 140 ln healLhcare and 131 for
llvellhood. uurlng Lhls perlod, abouL 1.09 lakh Lree sapllngs were also planLed by your Company ln dlñerenL parLs of Lhe CounLry.
1owards varlous sklll developmenL programmes, Lhe Company has glven more emphasls on Lralnlng youLhs ln Lhe area of º1ransmlsslon Llne
1ower erecuon" whlch ls belng conducLed ln assoclauon wlLh leadlng LÞC ConLracLors. uurlng Lhe year, 238 candldaLes were Lralned under
Lhls program and mosL of Lhem were galnfully employed ln Lhe Lransmlsslon lndusLry. CLher sklll developmenL / llvellhood Lralnlng programs
lmparLed Lo unemployed youLh are ln Lhe ñeld of Lallorlng, cumng/ suLchlng, embroldery, auLomoblle repalrlng, handloom weavlng, food &
frulL processlng, repalrlng of household appllances, eLc. Lo secure employmenL or be self-employed.
An exLenslve programme on MaLernal & Chlld PealLhcare was organlsed ln 13 vlllages of Curgaon, MewaL & !ha[[ar dlsLrlcLs of Paryana.
A LoLal of 72 healLh camps ln dlñerenL vlllages of Lhese 3 dlsLrlcLs were conducLed under Lhls program durlng l? 2012-13.
lurLher, your Company ls ln Lhe process of esLabllshlng 4 nos. lndusLrlal 1ralnlng lnsuLuLes (l1ls) wlLh 2 nos. each ln Lhe SLaLes of !&k and
Cdlsha. ConsequenLly upon esLabllshmenL of Lhese l1ls, Lhe same shall be handed over Lo Lhe concerned SLaLe CovernmenL for operauon
and malnLenance.
ÞLCÞLL, CUk CCkL S1kLNG1n
Auracnng 1a|ent, Nurtur|ng & Deve|opment of numan Cap|ta|
Cur employees are Lhe mosL lmporLanL asseL and Lhelr lncessanL growLh ls Lhe
mosL Lreasured lnvesLmenL. ?our Company encourages and lnluaLes varlous
programmes for bolsLerlng and enrlchlng Lhe conunuous developmenL of Lhe
knowledge horlzon of Lhe employees.
ln order Lo allgn Lhe human resource developmenL sLraLegy wlLh Lhe buslness
ob[ecuves, Lhe Company conducLed Crganlzauon need AssessmenL (CnA) capLurlng
Lhe organlzauonal requlremenL for compeLency enhancemenL of employees and
Lhen conducLed onllne 1ralnlng need AssessmenL (1nA) for lndlvldual employees.
1hrough Lhe onllne 1nA process, your Company has been able Lo llnk Lhe
developmenL plans of employees wlLh Þerformance ManagemenL SysLem whlch
helps Lhe organlzauon Lo keep updaung Lhe compeLencles of employees Lo meeL
currenL and fuLure requlremenL.
AparL from focussed funcuonal and behavloural developmenL of lLs employees,
Lhe Company conducLed serles of ceruñed Learnlng & uevelopmenL Þrograms on
8egulaLory lramework ln Þower SecLor and ceruñed workshop on Larned value
ManagemenL SysLem for Lop and senlor level execuuves as parL of Lhelr sLraLeglc
developmenL. uurlng Lhe year, an average S.9S tra|n|ng mandays per employee
has been achleved Lo equlp employees for leadershlp developmenL, Lechnologlcal
enhancemenL and fuLure challenges.
uurlng l? 2012-13, ÞCWL8C8lu has lnducLed 117 personne| aL varlous levels vlz.,
execuuves, supervlsors, workmen Lhrough open adverusemenL on all lndla basls
and campus selecuon from repuLed englneerlng and managemenL lnsuLuLes for
execuuves, and for non-execuuves Lhrough employmenL exchanges and local adverusemenL aL reglonal level.
new lnluauve of MenLorshlp uevelopmenL has been Laken under whlch young execuuves are gulded by Lhe menLors who nurLure, gulde
and dlrecL Lhem Lo lnLegraLe wlLh Lhe sysLem and values of Lhe organlzauon and counsel Lhem on regular basls. Semng Lhe Lone for new
buslness areas ln Lnergy Audlung, Lhe Company has Lralned group of execuuves for undergolng Lhrough Lhe process of nauonal Ceruñcauon
Lxamlnauon for Lnergy AudlLors and subsequenL accredlLauon by 8ureau of Lnergy Lmclency (8LL).
1o creaLe a vlbranL workforce rlslng Lo opporLunlues and challenges ln Company's fuLure buslness conLexL, ÞCWL8C8lu CllmaLe Survey 2012-
2013 was conducLed amongsL execuuve and supervlsor level employees wlLh a vlew Lo capLure Lhe key facLors of employee sausfacuon,
employee engagemenL and Lhe exlsung organlsauonal culLural capablllues and Lhe fuLure culLural capablllues.
?our Company has sLarLed runnlng lLs own PoL Llne 1ralnlng CenLre aL Pyderabad duly accredlLed by CenLral LlecLrlclLy AuLhorlLy (CLA). 1hls
cenLre ls Lhe only accredlLed PoLllne 1ralnlng CenLre ln lndla and has been seL up Lo provlde ln-depLh approach and Lralnlng for Lechnlcal
and pracucal know-how of llve llne malnLenance.
uurlng Lhe l? 2012-13, your Company has slgned Memorandum of undersLandlng (Mous) wlLh llM, Lucknow, llM, 8angalore, CÞ8l,
8angalore, ll1, Chennal and lll1, new uelhl whlch wlll enable Lhe organlzauon Lo leverage each oLher's capablllLy and resources ln areas of
pedagogy, Lralnlng, research and lnnovauon ln sysLems, process, eLc.
Lmp|oyee We|fare
?our Company underLakes requlslLe changes ln varlous pollcles from ume Lo ume ln llne wlLh Lhe needs and welfare of employees. 1he
Company had empanelled varlous hosplLals nearby Lo lLs esLabllshmenLs lncludlng CorporaLe CenLre for Lhe healLhcare of employees and
Lhelr dependenLs.
ZJ
?our Company successfully conunues Lo address Lhe lssues relaLed Lo workmen Lhrough Lhe nauonal and 8eglonal 8lparuLe Commluee
(Þn8C/Þ88C), a [olnL consulLauve forum comprlslng managemenL and workmen represenLauves. uurlng Lhe year, Lhe lndusLrlal 8elauons
scenarlo ln Lhe Corporauon has been cordlal and no man days were losL. An eñecuve work culLure has been esLabllshed ln Lhe organlzauon
Lhrough empowermenL, Lransparency, decenLrallzauon, and pracuce of paruclpauve managemenL.
CuallLy food ls served Lo Lhe employees ln Lhe lSC 22000:2003 conferred CafeLerla ln Lhe CorporaLe Cmce and lood Lounge of Mulu
Þurpose hall of your Company. PealLhy communlLy llvlng ls spread Lhrough perlodlcally conducLed culLural programmes for celebraung
varlous occaslons llke ulwall geL-LogeLher, Poll Mllan, new ?ear, 8alslng uay, eLc. ln all esLabllshmenLs of Lhe Company.
1he Company also conducLed varlous sporLs compeuuons, for boosung Lhe lnLeresL of employees ln sporLs and games, aL lnLra and lnLer-
reglonal level for kabaddl, CrlckeL, volleyball, 8admlnLon eLc. ?our Company also paruclpaLes regularly ln lnLer-ÞSu SporLs meeL also. ?our
Company players ln CrlckeL, 1able 1ennls, and Carom have sLood merlLorlous and bagged awards ln Lhe lnLer-ÞSu LournamenLs.
C|nzen's Charter
1he Company formulaLed lLs Cluzen's CharLer provldlng a vlslble fronL of lLs mlsslon & ob[ecuves, commlLmenLs, Lerms of servlce and lLs
obllgauon Lo varlous sLakeholders. ln Lhe Cluzen's CharLer lnformauon ls avallable abouL Company's schemes, pollcles, pro[ecL plans of Lhe
Corporauon and lssues of general lnLeresL Lo sLakeholders.
Imp|ementanon of Cmc|a| Language
?our Company, belng sensluve Lowards our herlLage, soclal and culLural concerns, conunues Lo prove lLs commlLmenL for lmplemenLauon
of 8a[bhasha Þollcy of CovL. of lndla.
?our Company ls enforclng and pumng all eñorLs for usage of Plndl ln all aspecLs of managemenL ln all levels of Lhe corporauon. lurLher,
Lhe Company ls organlzlng varlous evenLs such as workshops Lo lmparL Lralnlng ln Lranslauon, enhanclng worklng knowledge Lhrough
organlzlng compuLer Lralnlngs and Plndl classes, eLc. for lncreased use of Cmclal language. LvenLs llke Akhll 8haruya 8a[bhasha Sammelan,
kavl Sammelan (poeLry sesslons), kavlLa ÞrauyoglLa, urama, Þubllcauon of Plndl Magazlnes/papers, compeuuons and meeungs, eLc. are
regularly organlzed. 1o provlde furLher lnsplrauon, employees are nomlnaLed for exLernal Plndl Lralnlng programmes whlch are encouraglng
Lhem Lo work ln Plndl.
varlous forums such as ÞarllamenLary Commluees on Cmclal Language, Advlsory Commluee on Cmclal Language and 1own Cmclal Language
lmplemenLauon Commluee (1CLlC) had applauded Lhe eñorLs Laken by your Company for lmplemenung 8a[bhasha besldes recelvlng many
accolades.
Corporate Image through Commun|canon Management
ln Lhe currenL global compeuuve scenarlo, lL ls cruclal LhaL Companles carve ouL a unlque nlche for lLself ln Lerms of bulldlng sLrong relauonshlp
wlLh lLs sLakeholders and esLabllshlng brand ldenuLy for Lhemselves Lhrough varlous lnnovauve communlcauons managemenL lnluauves.
ln order Lo faclllLaLe lnLeracuon wlLh Lhe sLakeholders ln respecL of achlevemenLs, growLh, recenL developmenLs on operauonal and ñnanclal
fronL, regular press communlque have been lssued by your Company and face Lo face lnLeracuon of Lhe managemenL arranged wlLh Lhe
analysLs and sLakeholders aL Lhe CuarLerly AnalysL MeeL and Þress MeeL. 1hls has enhanced brand exposure wlLh exlsung and poLenual
cllenLs, lnvesLors and oLher sLakeholders.
?our Company Lhrough lLs emclenL communlcauon managemenL handled Lhe mosL challenglng communlcauon crlsls by dlssemlnaung
prompL lnformauon amongsL Lhe press and [ournallsLs regardlng resLorauon of Lhe nauonal Crld ln !uly/ AugusL, 2012. 1he managemenL
was regularly updaung Lhe press and Lhe medla by releaslng hourly updauon reporLs and lnLervlews Lhereby malnLalnlng a LransparenL
communlcauon wlLh Lhe publlc.
?our Company successfully paruclpaLed ln Lhe lndla lnLernauonal 1rade lalr (ll1l) 2012 exhlbluon by creaung a Lheme sLall based on SmarL
Crld 1echnology and 1200 kv PvuC Lransmlsslon llne, focuslng on lLs ongolng acuvlues, core compeLencles and currenL asslgnmenLs. 1he
Company also paruclpaLed ln many buslness orlenLed exhlbluons, Lechnlcal, soclal semlnars and workshops Lo reach ouL Lo lLs prlnclpal
cllenLs and Lhe publlc.
WlLh a vlew Lo lnLegraLe Lhe employees' ouLlook Lowards Lhe Company's mlsslon, goals and sLraLegles numerous lnLernal communlcauons
Lools are deployed such as monLhly newsleuers ln dlglLal form, wall magazlnes, lounge for regular evenL updaLes Lo apprlse Lhe developmenLs,
achlevemenLs & vlewpolnLs of organlsauon. 8esldes Lhls, we also provlde a sLage Lo our employees for dlrecL lnLeracuon wlLh managemenL
by organlzlng "Cpen nouse" sesslon ume Lo ume where CMu and ulrecLors lnLeracL wlLh all Lhe employees elLher dlrecLly or Lhrough vldeo
conferenclng. 1hese lnLernal communlcauons has been lnsLrumenLal ln boosung employee morale, enLhuslasm and ln Lurn glvlng a ñlllp Lo
revenue per employee.
LknI8I1ICN AND CCNILkLNCL CN NLW 1LCnNCLCGILS - GkID1LCn 2013
?our Company wlLh Lhe supporL of MlnlsLry of Þower and ln assoclauon wlLh C8lÞ and lLLMA has organlsed lLs 4Lh lnLernauonal Lxhlbluon
and Conference C8lu1LCP 2013 on new Lechnologles ln Lransmlsslon, dlsLrlbuuon, smarL grld/clLy, load dlspaLch & communlcauon. 8elng
an excellenL global neLworklng opporLunlLy for exhlblLors, vlslLors and delegaLes, C8lu1LCP 2013 provlded an opporLunlLy for all Companles
Lo showcase Lhelr 1ransmlsslon, ulsLrlbuuon, SmarL Crld, Load ulspaLch and Communlcauon experuse and know-how and Lo ldenufy
buslness opporLunlues ln Lhe elecLrlclLy markeL ln lndla and abroad. 8ecognlslng Lhe lmporLance ln developmenL of SmarL Crld/ClLy for
susLalnable developmenL, speclal conslderauons and showcaslng were done for exhlblung real llfe worklng of SmarL Crld/ClLy coverlng
varlous funcuonallues by Lhe exhlblLors lncludlng Lhe demonsLrauon of Lhe funcuonlng of SmarL Pome Lnergy ManagemenL SysLem.
Z+
kLNLWLD CCMMI1MLN1 1C 1kANSÞAkLNC¥ & VIGILANCL IUNC1ICN
?our Company focuses more on Þrevenuve and Þro-acuve vlgllance, aparL from ueLecuve, Þredlcuve and Þunluve vlgllance. Almlng aL beuer
Lransparency ln worklng of Lhe Crganlsauon and Lo lnculcaLe a sense of LLhlcs, lnLegrlLy and sound CorporaLe Covernance several sLeps are
belng Laken for lmprovlng Lhe sysLem and vlgllance admlnlsLrauon Lhrough varlous Lechnologles such as Cnllne ComplalnL Pandllng SysLem,
vlgllance lnformauon neLwork SysLem (vlnS), Cnllne ÞroperLy 8eLurns, e-blddlng, e-paymenLs, e-aucuon, e-procuremenL, e-bllllng, eLc. ln
Lhe Crganlsauon as a whole. varlous workshops on Þrevenuve vlgllance, LLhlcs and Lhe 81l AcL are also conducLed boLh aL Lhe CorporaLe
CenLre as well as ln Lhe 8eglons.
?our Company, as a parL of Þrevenuve vlgllance, lnspecuons ln Lhe form of surprlse and process onllne were conducLed, aparL from C1L
Lype lnspecuons. 8ased on Lhe lnspecuons conducLed, adequaLe cosL compensauon was eñecLed on polnLs noL conformlng Lo Lechnlcal
speclñcauons or condluons of ConLracL, eLc. Cn Lhe basls of surprlse lnspecuons conducLed, some cases were also reglsLered for lnvesugauon
and necessary dlsclpllnary proceedlngs were lnluaLed ln some cases. A number of complalnLs were also recelved boLh lnLernally as well as
from ouLslde agencles. 1he Company has adopLed zero Lolerance Lowards corrupuon. 1he complalnLs recelved are Lherefore, Laken up for
verlñcauon, earnesLly. Cn Lhe basls of lnvesugauons conducLed lnLo Lhese complalnLs, dlsclpllnary acuon, wherever approprlaLe, was also
lnluaLed agalnsL some employees. 1he vlgllance ueparLmenL conunues lLs drlve Lo spread awareness amongsL employees by sendlng bulk
SMS and e-malls regardlng Lhe provlslons of Lhe ConducL, ulsclpllne and Appeal 8ules. Conunuous lmprovemenL ln sysLems and procedures
has always remalned one of Lhe hallmarks of your Company. 1he Company have, llke ln prevlous years, conunued lLs focus on spheres
of funcuonlng, llke, communlcauon of assessmenL Lo Lhe concerned bldders, lncorporauon of provlslon relaung Lo conßlcL of lnLeresL,
resLrlcuon relaung Lo purchase of memenLoes Lo vlslung dlgnlLarles, lnsLallauon of survelllance cameras Lo lncrease securlLy, sLorage of
maLerlals aL consLrucuon slLes, eLc. vendors' meeL were also organlzed durlng Lhe year ln varlous 8eglons Lo bolsLer more lnLeracuon wlLh
Lhe sLakeholders.
uurlng vlgllance Awareness Week, your Company organlzed a number of programmes boLh aL CorporaLe CenLre and reglons llke essay,
debaLe, qulz, slogan and palnung compeuuons boLh for employees as well as for Lhelr famlly members. Þanel dlscusslons and lecLures by
emlnenL personallues and academlclans were also organlzed. 1he vlgllance Commlssloners, Shrl 8. Srlkumar and Shrl !.M. Carg, addressed
Lhe employees aL CorporaLe CenLre and aL Lhe 8eglons (Lhrough vldeo Conferenclng) durlng Lhls week. 1he ln-house [ournal of Lhe vlgllance
ueparLmenL, 'Candour' was also lnauguraLed durlng Lhls perlod and dlsLrlbuLed wldely amongsL Lhe employees.
ACCCLADLS & AWAkDS
CovL. of lndla and oLher presuglous organlsauons & lnsuLuLes has besLowed your Company wlLh varlous awards/ accolades ln varlous
caLegorles.
?our Company has been selecLed for 'MoU exce||ence award' for l? 2010-11 by ueparLmenL of Þubllc LnLerprlses (uÞL), MlnlsLry of Peavy
lndusLrles & Þubllc LnLerprlses for belng Lhe Lop performer ln Lhe Lnergy SyndlcaLe.
?our Company had been conferred wlLh Lhe "3rd ka[eev Gandh| Lxce||ence Award 2011" under Lhe '8esL Þower Company of Lhe ?ear'
CaLegory by an NGC "Þehchan", Lo commemoraLe LaLe Þrlme MlnlsLer Shrl 8a[lv Candhl's blrLhday, ln a funcuon held on AugusL 20, 2012
aL new uelhl.
?our Company has also been conferred wlLh Lhe 4Lh uSl! ÞSu Awards 2012 for "Iastest Grow|ng Navratna |n non-manufactur|ng category"
by ualal SLreeL lnvesLmenL !ournal ln a funcuon held ln new uelhl on March 23, 2013.
lurLher, your Company's Leam had won Lhe nauonal Champlonshlp of nauonal Compeuuon for 8uslness ManagemenL Slmulauons -2012
and represenLed lndla ln Aslan Champlonshlp.
MANAGLMLN1 DISCUSSICN AND ANAL¥SIS
ln addluon Lo Lhe lssues ln Lhe ulrecLors' 8eporLs, some lssues have been broughL ouL ln 8eporL on ManagemenL ulscusslon and Analysls
placed aL Annexure-I.
8USINLSS kLSÞCNSI8ILI1¥ kLÞCk1
1he 8uslness 8esponslblllLy 8eporL as supulaLed under Clause 33 of Lhe Llsung AgreemenL wlLh Lhe SLock Lxchanges ls glven ln Annexure-II
and forms parL of Lhe Annual 8eporL.
ÞAk1ICULAkS CI LMÞLC¥LLS
1he paruculars of employees of Lhe Corporauon who were ln recelpL of remunerauon ln excess of Lhe llmlL prescrlbed under Secuon 217
(2A) of Lhe Companles AcL, 1936 ls glven ln Annexure-III Lo Lhls 8eporL.
CCNSLkVA1ICN CI LNLkG¥, 1LCnNCLCG¥ A8SCkÞ1ICN AND ICkLIGN LkCnANGL LAkNINGS AND CU1GC
As per requlremenLs of dlsclosures under Secuon 217(1) (e) of Companles AcL,1936 read wlLh 8ule 2 of Lhe Companles (ulsclosures of
Þaruculars ln Lhe 8eporL of 8oard of ulrecLors) 8ules, 1988 lnformauon relaung Lo conversauon of energy, Lechnology absorpuon and
forelgn exchange earnlngs and ouLgo ls glven ln Annexure-IV Lo Lhls 8eporL.
CCMÞ1kCLLLk AND AUDI1Ck GLNLkAL'S CCMMLN1S
Company has achleved 'nlL' commenLs on Lhe accounLs for Lhe year ended March 31, 2013 by Lhe CompLroller and AudlLor Ceneral of lndla
under Secuon 619(4) of Lhe Companles AcL, 1936. Copy ls auached ln Annexure-V Lo Lhls 8eporL.
Z5
CCkÞCkA1L GCVLkNANCL
A 8eporL on Lhe CorporaLe Covernance (Annexure-VI), formlng parL of Lhls 8eporL, LogeLher wlLh Lhe CeruñcaLe Lhereon ls glven ln
Annexure-VII Lo Lhls reporL.
?our Company has goL lLs SecreLarlal Compllance AudlL conducLed for Lhe ñnanclal year ended March 31, 2013 from M/s San[ay Crover &
AssoclaLes, Þracuslng Company SecreLary. 1helr 8eporL forms parL of Lhls Annual 8eporL (Annexure-VIII).
S1A1U1Ck¥ AUDI1CkS CI 1nL CCMÞAN¥
1he SLaLuLory AudlLors of your Company are appolnLed by Lhe CompLroller & AudlLors Ceneral of lndla. M/s S. k. MehLa & Co., M/s Chauer[ee
& Co., and M/s Sagar & AssoclaLes were appolnLed as !olnL SLaLuLory AudlLors for Lhe ñnanclal year 2012-13.
CCS1 AUDI1CkS CI 1nL CCMÞAN¥
?our Company had appolnLed Lhe CosL AudlLors Shrl !ugal klshore Þurl and M/s. k. C. Coyal and AssoclaLes for Lhe llnanclal ?ear 2012-13.
lurLher, M/s. k. C. Coyal and AssoclaLes and M/s. S. C. MohanLy & AssoclaLes have been appolnLed as CosL AudlLors for Lhe llnanclal ?ear
2013-14 under Secuon 2338 of Lhe Companles AcL, 1936.
1he due daLe for ñllng CosL AudlL 8eporLs for Lhe ñnanclal year 2012-13 wlLh Lhe CosL AudlL 8ranch, MlnlsLry of Company Añalrs ls SepLember
27, 2013 and Lhe same wlll be ñled wlLh Lhe CosL AudlL 8ranch wlLhln Lhe supulaLed ume.
ÞCWLkGkID'S 8CAkD
uurlng Lhe year under reporL, some changes Look place ln Lhe ulrecLoraLe. Shrl 8avl Þ. Slngh assumed Lhe charge of ulrecLor (Þersonnel)
wlLh eñecL from (w.e.f) Aprll 1, 2012 and Shrl 8. Þ. Sasmal, Look over Lhe charge of ulrecLor (Cperauons) wlLh eñecL from AugusL 1, 2012.
llve non-omclal parL ume dlrecLors vlz. Shrl 8. k. CupLa, ur. k. 8amallngam, Shrl 8. krlshnamoorLhy, Shrl A[ay kumar Mlual and Shrl Mahesh
Shah were appolnLed wlLh eñecL from !anuary 16, 2013.
lurLher, Shrl 8akesh !aln, !S&lA, MoÞ, ceased Lo be ulrecLor on Lhe 8oard of Lhe Company w.e.f. !uly 08, 2013 (Aûernoon). 1he 8oard wlshes
Lo place on record lLs deep appreclauon and grauLude for Lhe lnvaluable conLrlbuuon and unsunLed supporL Lo Lhe Company exLended by
Shrl 8akesh !aln durlng hls Lenure as ulrecLor of Lhe Company.
ln accordance wlLh Lhe provlslons of Secuon 233 and 236 of Lhe Companles AcL, 1936 read wlLh Arucle 31(lll) of Lhe Arucles of Assoclauon
of Lhe Company, SmL. 8lLa Slnha, Shrl SanLosh Saraf, lndependenL ulrecLors shall reure by roLauon aL Lhe Annual Ceneral Meeung of your
Company and belng ellglble, oñer Lhemselves for re-appolnLmenL.
ACkNCWLLDGLMLN1S
1he 8oard of ulrecLors, wlLh deep sense of appreclauon, acknowledges Lhe guldance and co-operauon recelved from CovL. of lndla,
parucularly MlnlsLry of Þower, MlnlsLry of llnance, MlnlsLry of Pome Añalrs, MlnlsLry of LxLernal Añalrs, MlnlsLry of SLausucs and Þrogramme
lmplemenLauon, MlnlsLry of LnvlronmenL & loresLs, CenLral LlecLrlclLy 8egulaLory Commlsslon, AppellaLe 1rlbunal for LlecLrlclLy, CenLral
LlecLrlclLy AuLhorlLy, Þlannlng Commlsslon, ueparLmenL of Þubllc LnLerprlses, 8eglonal Þower Commluees, and oLher concerned CovL.
deparLmenLs/ agencles aL Lhe CenLral and SLaLe level as well as from Securlues and Lxchange 8oard of lndla, nauonal SLock Lxchange of
lndla LLd., and 8SL LLd., Mumbal wlLhouL whose acuve supporL, Lhe achlevemenLs by Lhe Corporauon durlng Lhe year under revlew would
noL have been posslble.
8oard's speclal appreclauon and Lhanks are due Lo our valued cusLomers, varlous SLaLe power uullues and oLher cllenLs, who have awarded
varlous consulLancy works and reposed falLh ln Company's capablllLy Lo handle Lhem. 1he 8oard also appreclaLes Lhe conLrlbuuon of
conLracLors, vendors and consulLanLs for successful lmplemenLauon of varlous pro[ecLs by Lhe Company.
1he ulrecLors Lake Lhls opporLunlLy Lo Lhank Lhe Þrlnclpal ulrecLor of Commerclal AudlL and Lx-Cmclo Member AudlL 8oard-lll for Lhe
co-operauon durlng Lhe year. ulrecLors also acknowledge Lhe valuable suggesuons and guldance recelved from Lhe sLaLuLory audlLors
durlng Lhe audlL of accounLs of Lhe Company for Lhe year under revlew. 1he 8oard also conveys lLs slncere Lhanks Lo varlous nauonal/
lnLernauonal ñnanclal lnsuLuuons/ banks/ credlL raung agencles for Lhelr umely asslsLance, conunued LrusL and conñdence reposed by
Lhem on ÞCWL8C8lu.
We have achleved a greaL deal Lhls year and none of lL would have been posslble wlLhouL Lhe skllls and dedlcauon of each member of
ÞCWL8C8lu famlly aL all levels. l would llke Lo Lhank Lhe Lxecuuve Leam for lLs sLrong leadershlp, Lhe varlous employee unlons Lo ensure
LhaL Lhe Company conunues Lo achleve greaLer helghLs year aûer year and all our employees for Lhelr commlLmenL and enLhuslasm Lo
achleve our alm Lo be Lhe world's premler Lransmlsslon neLwork uullLy.

lor and on behalf of Lhe 8oard of ulrecLors
Þ|ace: New De|h| (k. N. Nayak)
Date: 06.08.2013 Cha|rman & Manag|ng D|rector

ANNLkUkL - I 1C 1nL DIkLC1CkS' kLÞCk1
Lconom|c out|ook
1he average growLh over Lhe ñve years of Lhe LlevenLh Þlan (2007-12) was 8.0 per cenL. Achlevlng 8° growLh ln Lhe backdrop of Lwo global
crlsls - one ln 2008 and second ln 2011 has been credlLable. Powever, Lhe slowdown ln Lhe raLe of growLh speclally ln 2012-13 ls a mauer of
concern. As per Lhe lnformauon released by Lhe CenLral SLausucs Cmce, MlnlsLry of SLausucs and Þrogramme lmplemenLauon, Lhe growLh
raLe of Cross uomesuc ÞroducL (CuÞ) ls [ 3° for Lhe ñscal 2012-13. Achlevlng Lhe growLh paLh ln Lhe 12
Lh
plan ls a funcuon of number of
facLors, whereln lmporLance of power secLor cannoL be overlooked, for a robusL power secLor ls cenLral Lo lndla's economlc growLh. LlecLrlc
power belng a crlucal lnpuL ln all economlc acuvlues vlz. agrlculLure, lndusLry, commerce and household, Lhe rapld and lncluslve growLh ls
only posslble lf elecLrlclLy wlLh rellablllLy and quallLy ls made avallable everywhere.
Sectora| out|ook
1he capaclLy addluon durlng Lhe 1welûh Þlan perlod ls esumaLed aL 88,337 MW comprlslng 26,182 MW ln Lhe CenLral SecLor, 13,330MW ln
Lhe SLaLe SecLor, and 46,823 MW ln Lhe ÞrlvaLe SecLor respecuvely. Summary of CapaclLy Addluon Þrogramme durlng 12
Lh
Þlan ls as under:
A capaclLy of 34,963.90 MW has been commlssloned durlng xl llve ?ear Þlan agalnsL Lhe revlsed LargeL of 62,374 MW as per Lhe mld- Lerm
appralsal carrled ouL by Lhe Þlannlng Commlsslon. 1he capaclLy addluon LargeL for Lhe year 2012-13 was seL aL 17,936 MW. As agalnsL Lhls,
a capaclLy of 20,622.80 MW have been added durlng ñrsL year of Lhe Þlan l.e. l? 2012-13, as deLalled below:
Sector-w|se and Iue| -w|se capac|ty add|non dur|ng Apr||-March 2013 (MW)
Management D|scuss|on and Ana|ys|s
Capac|ty Add|non Þrogramme dur|ng kII Þ|an
1ype]Sector Centra| State Þr|vate 1ota|
1herma| 14878 13922 43340 72340
Hydro 6004 1608 3283 10897
Nuc|ear 3300 0 0 3300
1ota| 26182 1SS30 4682S 88S37
Sector 1herma| Hydro Nuc|ear 1ota| Þercent to
Target
Target Actua| Target Actua| Target Actua| Target Actua|
Centra| 4023.30 3023.30 643.00 374.00 2000.00 0.00 6668.30 3397.30 80.94°
State 3931.00 3911.00 87.00 37.00 0.00 0.00 4038.00 3968.00 98.27°
Þr|vate 7180.00 11187.30 70.00 70.00 0.00 0.00 7230.00 11237.30 133.28°
A|| Ind|a 1S1S4.30 20121.80 802.00 S01.00 2000.00 0.00 179S6.30 20622.80 114.8S¼
Source: CLA webslLe- www.cea.nlc.ln
Source: CLA webslLe- www.cea.nlc.ln

Transmission
A LoLal of abouL 1,07,440 ckm of Lransmlsslon llnes, 2,70,000 MvA of AC Lransformer capaclLy and 12,730 MW of PvuC sysLems are esumaLed
Lo be added durlng Lhe 1welûh Þlan. 1he Lransmlsslon programme Lo be Laken up durlng Lhe 1welûh Þlan perlod and anuclpaLed cumulauve
achlevemenL aL Lhe end Lhe year 2016-17 are as under:
1ransm|ss|on L|nes at the end of the kII Þ|an Þer|od
1he Insta||ed Generanon Capac|ty as on 31.03.2013 |s as under:
1ransm|ss|on System Un|t At the end of kI Þ|an Lxpected Add|non Lxpected by end of
1ype]Vo|tage C|ass dur|ng kII Þ|an kII Þ|an
Transmission Lines
PvuC 8lpole llnes ckm 9,432 7,440 16,872
763 kv ckm 3,230 27,000 32,230
400 kv ckm 1,06,819 38,000 1,44,000
230/220 kv ckm 1,33,980 33,000 1,70,980
1oLal ckm 2,37,481 1,07,440 3,64,921
Substanons
763 kv MvA 23,000 1,49,000 1,74,000
400 kv MvA 1,31,027 43,000 1,96,027
230/220 kv MvA 2,23,774 76,000 2,99,774
1oLal MvA 3,99,801 2,70,000 6,69,801
nVDC
8l-pole llnk capaclLy MW 6,730 12,730 19,300
8ack Lo-back capaclLy MW 3,000 0 3,000
1ota| MW 9,7S0 12,7S0 22,S00
Source: Þlannlng Commlsslon, xll llve ?ear Þlan, vol. - ll.
Source: CLA webslLe- www.cea.nlc.ln

A|| Ind|a
1herma|
Nuc|ear
nydro (kenewab|e) kLS (MNkL) Grand 1ota|
Coal Cas ulesel 1oLal
MW 130220.89 20109.83 1199.73 131330.49 4780.00 39491.40 27341.71 223343.60
¼age 38.3 9.0 0.3 67.8 2.1 17.7 12.3 100.0
L|ectr|c|ty Generanon 1arget]Ach|evement for the year 2012-13 |s as under:
Source :CLA webslLe- www.cea.nlc.ln
*Þrovlslonal
Hydro 1herma| Nuc|ear 8hutan (Imp) 1ota|
1argeL (Mu) 122043.00 767273.00 33200.00 3480.00 930000.00
AchlevemenL up Lo Mar., 2013* (Mu) 113626.2 760366.43 32870.86 4788.82 911632.31
°age 93.10 99.10 93.38 87.39 98.03
Ze
CrowLh of 1ransmlsslon SecLor as on 31.03.2013 ls as under:
Þower supply posluon (Þrovlslonal) durlng 2012-13 ls glven below:
Source :CLA webslLe- www.cea.nlc.ln
Source: CLA webslLe- www.cea.nlc.ln
Centra| Sector State Sector IV]Þvt. 1ota|
1ransm|ss|on L|nes (ckm.)
763kv 6048 411 - 6439
400kv 76334 33276 8370 118180
220kv 10474 129213 830 140317
±300kv PvuC Llnes (ckm.) 3948 1304 1980 9432
Sub Stanon: (MVA)
763kv 48000 1000 - 49000
400kv 83163 82027 1367 167822
220kv 7716 233611 1367 242894
±300kv PvuC ConverLer/818 SLn.
ConverLer 1ermlnal (MW)
9300 1300 2300 13300
Region kequ|rement Ava||ab|||ty
(MU)
Surp|us]Dehc|t (-) Peak Demand
(MW)
Peak Met
(MW)
Surp|us]Dehc|t (-)
(MU) (¼) (MU) (¼)
norLhern 300,616 273,082 -27,334 -9.2 43,860 41,790 -4,070 -8.9
WesLern 293,929 284,138 -9,791 -3.3 40,073 39,486 -389 -1.3
SouLhern 281,792 237,998 -43,794 -13.3 37,638 31,386 -6032 -16.1
LasLern 107,373 102,614 -4,939 -4.6 16,633 13,413 -1,240 -7.4
norLh LasLern 11,390 10,742 -848 -7.3 1,998 1,864 -134 -6.7
A|| Ind|a 99S,S00 908,S74 -86,926 -8.7 13S,4S3 123,294 -12,1S9 -9.0
8y Lhe end of LlevenLh Þlan, ouL of Lhe LoLal 3,93,732 vlllages ln lndla (Census 2001), 3,36,633 vlllages (*93.8 per cenL) have been elecLrlñed.
1he All lndla vlllage LlecLrlñcauon as on 31.03.2013 ls (nos.) 360266 (94.4°) as agalnsL 336633 (93.8°) as on 31.03.2012.
*Source: as per CLA reporL.
ÞCWLkGkID - A 'Navratna Þub||c Sector Lnterpr|se' and 'Centra| 1ransm|ss|on Un||ty' of the Country
ÞCWL8C8lu ls a 'navraLna' ÞSL slnce May, 2008, and Lhls sLaLus provldes Lhe auLonomy Lo lLs 8oard of ulrecLors Lo approve lnvesLmenL ln
lLs pro[ecLs aparL from equlLy lnvesLmenL ln [olnL venLures and wholly owned subsldlarles ln lndla or abroad wlLh a celllng of 13° of Lhe lLs
neLworLh ln one pro[ecL llmlLed Lo `1000crore wlLh 30° overall celllng ln all pro[ecLs. ÞCWL8C8lu ls also Lhe nouñed ºCenLral 1ransmlsslon
uullLy" of Lhe CounLry slnce 1998.
ÞCWLkGkID 1ransm|ss|on Network as on 31st March, 2013:
Cwns & operaLes Lransmlsslon neLwork of 1,00,200 C|rcu|t kms. of LxLra Plgh volLage 1ransmlsslon Llnes, 167 nos. of LPvAC &
PvuC subsLauons wlLh a tota| transformanon capac|ty of 1,64,763 MVA.
lnLer-reglonal power Lransfer capaclLy of abouL 29,7S0 MW.
MalnLalned Lhe Lransmlsslon sysLem avallablllLy aL 99.90° aL par wlLh Lhe lnLernauonal uullues.
Wheels abouL 30° of Lhe LoLal power generaLed across CounLry.
ZJ
Company's performance under operauonal, pro[ecL lmplemenLauon and commerclal areas are enumeraLed ln Lhe ulrecLors' 8eporL.
Address|ng the concerns |n deve|opment of Inter-state transm|ss|on system (IS1S)
ÞCWL8C8lu, Lhe C1u, ls engaged ln consLrucuon, operauon & malnLenance of lnLer-sLaLe Lransmlsslon sysLem (lS1S) whlch enLalls mulu
dlmenslonal challenges. Ma[or areas of concern ln developmenL of Lransmlsslon neLwork ln Lhe counLry are:
(l) 8lghL of Way (8oW),
(ll) Acqulsluon & opumal use of land for sub-sLauons,
(lll) CbLalnlng foresL clearances,
(lv) MalnLalnlng mlnlmal lmpacL on LnvlronmenL,
(v) AvallablllLy of skllled manpower,
(vl) lmprovemenL ln operauonal emclency.
1hese challenges need Lo be addressed Lhrough lnnovauon and adopuon of new Lechnologles. lor Lhls, your Company glves ma[or LhrusL
Lo 8&u acuvlues and seamless lnLegrauon of new Lechnologles Lo achleve susLalnable growLh and Lo lmprove quallLy of power supply whlle
opumlzlng upon Lhe cosL of dellvered power. Some of Lhe acuvlues/ measures underLaken Lo address Lhese concerns are as follows:
(|) Address|ng k|ght of Way |ssues:
Lnsurlng avallablllLy of 8oW of Lransmlsslon llnes ls lncreaslngly becomlng dlmculL day by day. ln order Lo address Lhe 8oW lssues
and Lo caLer Lo Lhe need of bulk Þower 1ransfer Lo dlsLanLly locaLed Load CenLres, your Company ls deploylng Lechnologles such as
Mulu ClrculLs, CompacL & 1all 1owers, Plgh Surge lmpedance Loadlng Llnes, llxed & 1hyrlsLor conLrolled Serles Compensauon, Plgh
1emperaLure Low Sag (P1LS) ConducLors, eLc. Company has been adopung hlgher volLages levels gradually for opumlzlng Lhe rlghL of
way and lncreaslng Lhe power carrylng capaclLy of Lransmlsslon llnes wlLhouL much añecL on Lransmlsslon losses. 1owards Lhls, your
Company has been developlng hlgh power Lransmlsslon corrldors comprlslng 763kv AC Lransmlsslon and +300kv PvuC, +800kv PvuC
Lransmlsslon sysLems.
?our Company has lnluaLed acuon Lowards enhancemenL of Lhe operaung volLage level of Lhe Lransmlsslon neLwork from 400 kv Lo 763
kv AC ln 2007. lor enhanclng Lhe power Lransmlsslon per corrldor of Lransmlsslon llnes, more number of 763 kv uPv AC u/C llnes are
belng lmplemenLed, whlch reduces Lhe rlghL of way requlremenL.
Pavlng experlenced wlLh consLrucuon of ±300kv PvuC Lransmlsslon sysLem, ?our Company ls now worklng on nexL hlgher Lransmlsslon
volLages of +800kv PvuC Lo achleve emclenL uullzauon of 8oW and lncreased power Lransfer capablllLy for Lransfer of bulk power over
long dlsLances.
lor evacuauon of power from Lhe generauon pro[ecLs concenLraLed ln resource rlch SLaLes l.e. Cdlsha, !harkhand, Slkklm, Madhya
Þradesh, Chamsgarh and Lo conserve 8oW, power from nearby generauon unlLs are belng pooled Lo a common poollng polnL and from
Lhe poollng subsLauon bulk power ls Lransferred Lhrough Plgh capaclLy Corrldor Lo longer dlsLance load cenLers. ln Lhls respecL, eleven
numbers of such Plgh Þower CapaclLy 1ransmlsslon Corrldor are belng lmplemenLed wlLh Lhe approval of CL8C.
?our Company ls also lmplemenung ±800kv, 6000 MW mulu-Lermlnal PvuC sysLem of around 2000 km from norLh LasLern 8eglon
(8lswanaLh Charlall ln Assam and Allpurduar of WesL 8engal) Lo norLhern 8eglon (Agra ln uuar Þradesh) and upon compleuon, lL shall
be Lhe one of Lhe longesL PvuC llnes ln Lhe world. AnoLher +800 kv 1ransmlsslon SysLem ls also belng lmplemenLed for bulk power
Lransfer from Champa (Chamsgarh) Lo kurusheLra (ln Paryana). lurLher, Lo meeL Lhe long-Lerm bulk power Lransfer requlremenL an
overlaylng super grld wlLh 1200kv uPvAC sysLem has been envlsaged. 1he 1200kv uPvAC Lechnology, Lhe hlghesL volLage level ln Lhe
world, ls belng developed by Lhe Company ln collaborauon wlLh 33 lndlan manufacLurers. 1hls ls one of Lhe unlque 8&u pro[ecLs ln
publlc-prlvaLe parLnershlp model. 1he plloL 1200kv Slngle ClrculL (S/c) and u/c llnes have been successfully LesL charged aL 1200kv
uPvAC nauonal 1esL SLauon aL 8lna, Madhya Þradesh and ñeld LesLs are currenLly undergolng.
?our Company has Laken lnluauve of reconducLorlng some of lLs Lransmlsslon llnes by replaclng '1wln-Moose ConducLor' Lo 'Plgh
1emperaLure Low Sag ConducLor' (P1LS), Lhereby enhanclng Lhe power carrylng capaclLy of Lransmlsslon corrldor. uurlng Lhe year,
reconducLorlng of one clrculL of 400 kv u/C Þurnea-Slllgurl Llne of abouL 173 kms. has already been compleLed and reconducLorlng
of anoLher clrculL ls under progress. ln addluon, reconducLorlng of common mulu-clrculL poruon, of 400 kv u/C MalLhon-Caya
Lransmlsslon llne and 400 kv u/C koderma-Caya Lransmlsslon llne, passlng Lhrough foresL, have also been underLaken.
?our Company ls explorlng Lhe posslblllLy of lndlgenous developmenL and demonsLrauon of AC Plgh 1emperaLure SuperconducLor
(P1S) cable for power dellvery, whlch wlll lncrease power carrylng capaclLy of Lhe corrldor, reduce losses and requlremenL of 8oW. Plgh
LemperaLure superconducLors (P1S) oñer number of advanLages lncludlng hlgh emclency performance and low-elecLrlcal losses.
Works 1arget to ach|eve (Lxce||ent
ranng as per MCU)
Ach|evement Þercentage
loundauon (nos.) 13000 16233 108°
1ower Lrecuon (nos.) 13000 13868 107°
SLrlnglng (ln ckms.) 7000 7136 102°
1ransmlsslon Llnes ready for commls-
slonlng (ln CW - ckms.)
7240 7293 100°
1ransformauon CapaclLy addluon
(MvA)/ ready for commlsslonlng
20000 33480 177°
ÞCWLkGkID's comm|tment towards furtherance of Nanona| Gr|d
uurlng Lhe year, Lhe Company has added Lransmlsslon neLwork of 71S6 C|rcu|t kms. and 17 substanons and Lransformauon capaclLy of
more Lhan 40,230 MVA. 1he LargeL vls-a-vls achlevemenLs of ÞCWL8C8lu ln pro[ecL lmplemenLauon durlng Lhe year 2012-13 have been
as under:
JJ
(||) Acqu|s|non of Land for substanons:
Land acqulsluon has become a huge problem ln lmplemenLauon of Lransmlsslon pro[ecLs. WlLh scarce land avallablllLy, parucularly ln
MeLros and oLher urban areas, Lhere ls a growlng need for reducuon of land use for semng up of subsLauons. 1owards Lhls:
Cas lnsulaLed SwlLchyard (ClS), whlch requlres less land area (1/4Lh) ln comparlson Lo Lhe convenuonal Alr lnsulaLed SwlLchyard
(AlS) are belng consldered Lo address scare land avallablllgy. 1lll 31.03.2013, ÞCWL8C8lu has compleLed consLrucuon of
7 numbers of ClS subsLauons and 21 more are under consLrucuon. ClS Lechnology aL 763 kv volLage level ls also belng planned for
furLher opumlslng Lhe requlremenL of land for Lhe ñrsL ume ln Lhe CounLry. WlLh lncrease of ClS, Lhe cosL of subsLauon vls-a-vls AlS
subsLauon has also become compeuuve.
Seullng compensauon Lo land owners ls mauer of concern whlch delays Lhe land acqulsluon process. lor Lhls, your Company has
developed lLs own LnvlronmenLal and Soclal Þollcy & Þrocedures (LSÞÞ) and belng lmplemenLed ln all lLs pro[ecLs. under LSÞÞ, ln
addluon Lo Lhe compensauon awarded by Lhe SLaLe 8evenue AuLhorlues, addluonal rehablllLauon amounL ls also consldered for
paymenL Lo Lhe añecLed famllles and 8&8 acuvlues are also lmplemenLed ln Lhe añecLed vlllages.
?our Company Look paLh breaklng pracuces llke ConsenL Award under Land Acqulsluon AcL,1894 for subsLauons ln uurg, Pyderabad,
korba, koLra eLc. and dlrecL purchase of prlvaLe land on wllllng seller wllllng buyer basls ln subsLauons llke Þadghe, varanasl, Allpurduar
eLc., Lhere by reduclng reslsLance/ confronLauon durlng land acqulsluon.
(|||) Iorest C|earances:
CbLalnlng foresL clearance for Lransmlsslon pro[ecLs ls a lengLhy and cumbersome process. As per guldellnes lssued by MlnlsLry of
LnvlronmenL & loresL (MoLl), processlng ume of a proposal for foresL clearance aL Lhe SLaLe level has been prescrlbed as 210 days.
Powever, Lhe ume Laken, especlally for carrylng ouL compllance of MoLl dlrecuves regardlng loresL 8lghLs AcL,2006 (l8A) belng
normally very hlgh. 1hls resulLs ln delay ln obLalnlng ñnal approval and añecLs lmplemenLauon of Lhe pro[ecLs. Powever, ÞCWL8C8lu's
concerLed eñorLs and Lhe acuve asslsLance of MlnlsLry of Þower has resulLed ln Lhe relaxauon of l8A Culdellnes by MoLl for llnear
pro[ecLs lncludlng Lransmlsslon llnes. 1he much needed relaxauon ls expecLed Lo reduce Lhe ume Laken for gemng foresL clearances.
(|v) Ma|nta|n|ng m|n|ma| Impact on Lnv|ronment:
?our company has always lald speclal emphasls on malnLalnlng Lhe blo dlverslLy of Lhe reglon durlng consLrucuon and operauon sLage
of lLs 1ransmlsslon sysLem. As a responslble corporaLe cluzen, your company has conslsLenLly adopLed measures for avoldance of
loresLs/ nauonal Þarks/ Wlldllfe sancLuarles and ecologlcally sensluve and blologlcally dlverse areas.
ln lLs endeavour Lo preserve Lhe ßora and fauna of Lhe reglon and malnLalnlng mlnlmal lmpacL on LnvlronmenL, your company has
Laken measures Lo opumlze rouLe allgnmenL for Lhe Lransmlsslon corrldor and by uullzlng Mulu-clrculL 1owers, adopung hlgher volLage
Lransmlsslon llnes, eLc.
Some of Lhe ma[or lnluauves Laken by your company ln Lhls year Lowards conservauon of foresL, sancLuary, eLc. are menuoned here under:
uurlng Lhe consLrucuon of 763 kv S/C lndore-uahod llne, Lhe CreaL lndlan 8usLard SancLuary was compleLely avolded by re-rouung Lhe llne.
Llkewlse Lhe Achanakmar-AmarkanLak 8losphere 8eserve has also been avolded durlng consLrucuon of 763 u/C uharma[aygarh-
!abalpur llne.
(v) Deve|op|ng sk|||ed manpower:
Skllled manpower ls an essenual pre-requlslLe for rapld developmenL. Masslve capaclLy addluon ls envlsaged ln power secLor and
llkewlse ln generauon. Accordlngly, Lhe power Lransmlsslon secLor also requlred Lo be geared up Lo Lhls challenge. 1herefore, skllled
manpower developmenL by lmparung Lralnlng ls essenual Lo achleve xll plan LargeL.
?our company has Laken pre-empuve measures under lLs CapaclLy 8ulldlng lnluauve and has Lralned 238 unemployed youLhs ln power
Lransmlsslon llne erecuon and power Lransmlsslon llne sLrlnglng [obs wlLh Lhe help of Lransmlsslon llne consLrucuon conLracLors. 1hese
Lralnees are assessed and provlded ceruñcaLe by nauon Councll for vocauonal 1ralnlng (nCv1) on successful compleuon. Cumulauvely,
303 persons have been Lralned under Lhls lnluauve for enhanclng Lhe avallablllLy of skllled manpower for consLrucuon [obs ln Lhe ñeld
of Lransmlsslon.
lurLher, your company has conunued lLs eñorLs Lo enhance Lhe Þro[ecL managemenL capablllues of lLs execuuves Lhrough Ceruñcauon
program on Þro[ecL ManagemenL. Þro[ecL managemenL ls Lhe value drlver and brlngs value by lmprovlng execuuon of sLraLegy,
sLandardlzauon, beuer communlcauon, eLc. ln Lhls conunulng endeavour, 48 Lxecuuves have also been ceruñed for Þro[ecL ManagemenL
ln level-l and 21 Lxecuuves goL ceruñed for Þro[ecL ManagemenL ln Level-ll durlng Lhe year.
(v|) Improvement |n operanona| emc|ency:
ÞCWL8C8lu asseLs have grown subsLanually aL a hlgher raLe durlng lasL 3 years and also Lhere has been a gradual mlgrauon from 400kv
Lo 763kv level Lransmlsslon sysLem resulung ln opumal uullzauon of Lhe scarce 8lghL of way and faclllLaung hlgher power Lransfer
capaclLy ln Lhe sysLem.
Powever, wlLh Lhe lncreased geographlcal spread, open elecLrlclLy markeL, lncrease ln number of players ln Lhe markeL, wlde varlauon
ln quanLum of power ßow, lncreased peneLrauon of renewable generauon and need for opumal uullzauon of exlsung asseLs, eLc. have
made lL a challenglng Lask Lo malnLaln safeLy, securlLy and rellablllLy of very large power sysLem ln real ume basls.
8ecognlzlng Lhe need for eñecuve conLrol on real ume basls and Lo lmprove plannlng and operauons of power sysLem as a whole, your
company ls adopung new measures such as:
lmplemenLauon of WAMS (Wlde Area MeasuremenL SysLem) ln all Lhe ñve 8eglons across Lhe CounLry wlLh Lhe appllcauon of sLaLe-of-
Lhe arL synchrophasor Lechnology (Þhasor MeasuremenL unlL). under Lhls lnluauve, over ñûy(30) Þhasor MeasuremenL unlLs (ÞMus)
have been lnsLalled, faclllLaung dynamlc real ume measuremenLs and beuer vlsuallzauon of power sysLem, whlch are useful ln day Lo
day monlLorlng and conLrol of safeLy and securlLy of Lhe grld aL Lhe load dlspaLch cenLers. 1hese pro[ecLs have been found Lo be very
useful ln undersLandlng Lhe Lechnology and uslng Lhe daLa of sysLem / evenLs analysls.
J1
lor enhanclng Lhe emclency ln overall grld managemenL ln open elecLrlclLy markeL reglme and full scale lmplemenLauon of WAMS
Lechnology on pan lndla basls, ÞCWL8C8lu has proposed ºunlñed 8eal 1lme uynamlc SLaLe MeasuremenL SysLem (u81uSM)" lnLegraung
SLaLe and CenLral grlds. under Lhls pro[ecL ÞMus would be placed aL all PvuC, 400kv and above AC subsLauons and generaung sLauons,
subsLauons up Lo 220 kv level besldes ÞuCs (Þhasor uaLa ConcenLraLor) aL ConLrol CenLers ln Lhe ñrsL phase. ln Lhls dlrecuon along wlLh
ll1 8ombay varlous analyucs based on ÞMus daLa are belng developed.
ln vlew of expecLed lncrease ln number of ÞMu, Lesung of ÞMus shall be a huge Lask. 1herefore a ÞMu 1esL Lab ls requlred Lo be
seL-up ln lndla. Accordlngly your company has Laken up semng up of a ÞMu 1esL Lab for plloL Lesung of ÞMus under Lhe supervlslon of
ConsulLanLs aL 81L, 8hlwadl SubsLauon.
Company has underLaken power sysLem sLudy Lhrough 8eal 1lme ulglLal SlmulaLor (81uS) for PvuC. 81uS has a speclallzed compuLer
hardware and soûware deslgned speclñcally Lo achleve real ume slmulauon of power sysLems wlLh PvuC, lAC1S and proLecuve relays,
eLc. speclñcally for sLudy of dynamlc performance whlch ls llkely Lo enhance emclency ln operauon.
8eplacemenLs of convenuonal porcelaln lnsulaLors wlLh polymer lnsulaLors ln polluLed sLreLches have slgnlñcanLly reduced polluuon
relaLed Lrlpplng/LranslenL faulL ln norLhern Crld durlng foggy weaLhers. 1o faclllLaLe opumum selecuon of lnsulaLors for new Lransmlsslon
llnes, polluuon mapplng ln norLhern 8eglon ls belng conducLed. Þolluuon measuremenLs are belng carrled ouL aL more Lhan 130
locauons of ÞCWL8C8lu and 108 locauons of SLaLe 1ransmlsslon uullues (S1us) ln norLhern 8eglon. 1hese correcuve measures wlll
furLher mlnlmlze Lhe probablllLy of occurrence of ßashover ln llnes passlng Lhrough polluuon añecLed areas. Þolluuon mapplng of S8
and L8 ls also belng Laken up by ÞCWL8C8lu.
?our company has Laken measures Lo mlnlmlze Lhe Lrlpplng due Lo llghLnlng by lnsLalllng 1ransmlsslon llne arresLors especlally ln norLh
LasLern 8eglon whlch ls hlghly prone Lo llghLnlng acuvlues.
ÞCWL8C8lu ls lmplemenung a Crld SecurlLy LxperL SysLem (CSLS) Þro[ecL for advance defense plan for Lhe secure Crld operauon.
1hls CSLS sysLem shall be commlssloned ln all Lhe ñve 8eglons, whlch shall enable all SLaLe Load uespaLch CenLers and 8eglonal
Load uespaLch CenLers/ nauonal Load uespaLch CenLer Lo manage Lhe load dlsconnecuon/Cenerauon dlsconnecuon auLomaucally
dependlng upon Lhe crlucallLy of Crld based upon 8eal 1lme lnformauon. 1he scheme ls proposed Lo be lmplemenLed on 8eglonal basls
as per declslon Laken ln respecuve 8eglonal Þower Commluee.
As per CovernmenL dlrecuves, 2.3-2.3 CPz frequency band of Mlcrowave Llnks ln all Lhe 8eglons have been released Lo ueparLmenL
of 1elecommunlcauon. 1o overcome consLralnLs belng faced ln grld operauon ln absence of wlde band communlcauon sysLem, your
company has Laken up lnsLallauon of llber Cpuc neLwork for connecung all 400 kv and above subsLauons, mosL of Lhe 220 kv sub-
sLauons and power planLs. 1he CÞCW shall meeL Lhe communlcauon requlremenLs of nauonal Load uespaLch CenLer (nLuC), 8eglonal
Load uespaLch CenLers (8LuCs), SLaLe Load uespaLch CenLers (SLuCs), nauonal 1ransmlsslon AsseL ManagemenL CenLre (n1AMC),
unlñed 8eal-ume uynamlc SLaLe MeasuremenLs (u81uSM) and Crld SecurlLy LxperL SysLem (CSLS) Þro[ecL as well as remoLe operauon
of Lhe sysLem.
1o meeL Lhe fuLure growLh of Þower SysLem as well as Lhe new requlremenL of Lechnologlcal changes your company ls Laklng up
nauonwlde up-gradauon and expanslon of SCAuA/ LMS SysLem of 3 8eglonal Load uespaLch CenLers (8LuCs) and 30 SLaLe Load
uespLach CenLers (SLuCs) wlLh 8ackup ConLrol CenLres.
?our company has slgned Mou wlLh loundauon of lnnovauon 1echnology 1ransfer (ll11), ll1, uelhl for 1hlrd ÞarLy Ceruñcauon of
Cperauon & MalnLenance personnel Lhrough Lralnlng & evaluauon. ln Lhls endeavour your company has conducLed 14 Lralnlng
programs ln whlch 136 paruclpanLs have been ceruñed for malnLenance of 1ransformers and 8eacLors, swlLchgears and Cn-load 1ap
Changers.
Susta|nab|e Deve|opment
lurLherlng lLs commlLmenL Lowards avoldlng, mlugaung & mlnlmlzlng Lhe envlronmenLal & soclal lmpacL of lLs operauons, ÞCWL8C8lu
has underLaken followlng worLh-menuonlng acuvlues:
A ºWasLe Þaper 8ecycllng" planL has been esLabllshed ln Lhe premlses of our 400/220 kv ClS SubsLauon aL Curgaon havlng
recycllng capaclLy Lo handle 40-60 kgs of paper dally. 1he wasLe paper generaLed from Lhe ÞCWL8C8lu CorporaLe Cmce ls belng
used as raw maLerlal. ÞCWL8C8lu ls also ln Lhe process of segregaung wasLe/used paper aL source, ln order Lo lmprove Lhe quallLy
of recycled paper. 1hls lnluauve shall furLher reduce our carbon fooLprlnLs, as 1 Lon of paper requlres cumng of 17 maLure Lrees
and abouL 10 llLres of waLer Lo produce one A-4 sheeL paper. 1he recycled paper produced ln-house ls now uullzed for maklng
company's leuerheads, vlslung cards, envelopes, ñle/folders, eLc.
1he scarclLy of waLer ls becomlng a leadlng cause of brewlng dlsconLenL wlLhln lndla and lnLernauonally among nauons wlLh
access Lo common fresh waLer reserves. ÞCWL8C8lu has underLaken 8aln WaLer Parvesung sysLems ln 7 subsLauons wlLh a LoLal
expendlLure of `32.66 lakhs agalnsL a LargeLed `30 lakhs as per Mou LargeL seL by uÞL as parL of our SusLalnable uevelopmenL
lnluauve Lo conLrlbuLe Lo Lhe endurance of our ground waLer reserves.
ÞCWL8C8lu released lLs SusLalnablllLy 8eporL for Lhe perlod 2009-10 & 2010-11 on 13.03.2013. 1he reporL ls based on C8l-
C3 Culdellnes. lnLernauonal SLandards llke AccounLablllLy, uk SLandard ºAA1000:2008 AÞS and AA1000:2011 SLS" have been
followed Lo make Lhe process more lncluslve, focus on maLerlal / slgnlñcanL aspecLs for Lhe company and responslveness. 1he ñrsL
reporL of Lhe company was lnLernally assured however Laklng our eñorLs Lowards Lransparency furLher, Lhls reporL has been duly
valldaLed exLernally by an accredlLed assurance provlder M/s 1uv 8helnland lndla a group company of 1uv 8helnland Cermany.
1he SusLalnablllLy 8eporL deals ln measuremenL & dlsclosure of lnformauon on Lhe 1rlple 8ouom Llne (18L) l.e. envlronmenLal,
soclal and economlc lmpacLs arlslng ouL of dally acuvlues of Lhe corporauon. 1he reporL alms aL sharlng varlous lnluauves Laken
by ÞCWL8C8lu Lo hlghllghL lLs commlLmenL Lowards a soclally responslble corporaLe enuLy noL only focuslng on buslness buL also
Lowards Lhe communlLy and Lhe envlronmenL.
JZ
A dedlcaLed Lnergy Lmclency Cell has been creaLed ln ÞCWL8C8lu wlLh Lhe ob[ecuve Lo creaLe lnroads lnLo reducuon of carbon
fooLprlnLs and Lo promoLe energy emclency ln all secLors. ÞCWL8C8lu ls adopung energy emclenL appllances for new consLrucuons
Lo be more energy emclenL and reLroñmng Lhe exlsung esLabllshmenLs wlLh energy emclenL devlses such as LLu llghLs, Llghung
energy savers, luel Conservauon devlces for uC seLs ln phased manner. ÞCWL8C8lu ls also ln Lhe process of lnsLalllng solar power
planL ln Lhelr CorporaLe Cmce and ln few oLher bulldlngs Lo promoLe green energy. lL ls expecLed LhaL Lhe eñorLs shall yleld ln
reducuon of carbon emlsslon and lmprove energy emclency.
Adequate coverage for Assets and Loss of Þroht:
ÞCWL8C8lu has procured Mega 8lsk Þollcy from exLernal lnsurance agency(les). 1hls pollcy, lnLer-alla, covers sub-sLauon equlpmenLs
ln compleLe swlLchyard area along wlLh conLrol room bulldlng for all sub-sLauons (AC & PvuC) for maLerlal losses due Lo machlnery
breakdown, earLhquake, Lerrorlsm wlLh buslness lnLerrupuon, Loss due Lo llre and Machlnery uamage eLc. 8alance asseLs aL sub-
sLauons along wlLh Lransmlsslon llne asseLs are covered under Lhe Self lnsurance Scheme whlch covered only ñre and allled perlls and
noL machlnery breakdown.
k|sk Management Þrocedure
1he 'LnLerprlse 8lsk ManagemenL lramework' (L8M framework) has already been lmplemenLed ln ÞCWL8C8lu. key Þerformance lndlcaLors
(kÞls) of all Lhe rlsk are asslmllaLed and consolldaLed reporLs prepared and puL up Lo Lhe AudlL Commluee/8oard.
Some of Lhe rlsks lnvolved ln execuuon of our pro[ecLs and Lhelr mlugauon generally are:
a) Synchron|zanon k|sk w|th Generanon Þro[ects:- 1here could be always a gap ln Lhe commlsslonlng of generauon unlLs vls-a-vls Lhe
Lransmlsslon sysLem and Lhere mlghL be delays ln Lhe maLerlallsauon of some of Lhe generauon pro[ecLs. 1o mlugaLe Lhe same, Lhe
CeneraLors are slgnlng AgreemenL wlLh ÞCWL8C8lu Lo share and bear Lhe appllcable Lransmlsslon charges as declded by CL8C from
Lhe daLe of acLual commlsslonlng of Lransmlsslon sysLem lrrespecuve of commlsslonlng of Ceneraung unlLs. SubsequenLly, when Lhe
beneñclarles are ñrmed up, appllcable Lransmlsslon charges and oLher charges are Lo be payable by Lhe concerned beneñclary from Lhe
daLe of slgnlng of Lhe agreemenL by ÞCWL8C8lu wlLh Lhe concerned beneñclary.
b) koW & Iorest C|earance k|sk:- We foresee numerous hurdles and challenges ln conducung our dally buslness. 1hls scenarlo wlll only
become more onerous ln Lhe fuLure ln Lhe llghL of Lhe proposed sLaLuLory enacLmenLs llke Land Acqulsluon and 8&8 AcL, 2011. 1he
process of obLalnlng foresL clearance under loresL (Conservauon) AcL, 1980 lnvolves a sLeep and Ledlous hlerarchy. AparL from Lhe
leglslauve framework, soclal lssues llke 8oW are conLrlbuung Lo prolonged delays ln Lhe commlsslonlng of pro[ecLs. Powever, we have
Laken number of lnLernal & exLernal measures Lo expedlLe land acqulsluon and foresL clearance and based on our pasL experlence ln
deallng wlLh Lhese lssues, we envlsage overall rlsk Lo be moderaLe.
c) kevenue k|sk:- 1he CenLral LlecLrlclLy 8egulaLory Commlsslon (Sharlng of lnLer-SLaLe 1ransmlsslon Charges and Losses) 8egulauons,2010
(nouñed on 13Lh !une,2010) came lnLo eñecL from 01.07.2011. 1hls 8egulauon provldes for compuLauon of ÞolnL of Connecuon (ÞoC)
charges and losses whlch lnLroduced new meLhodology for calculauon of Larlñ and sharlng of Lransmlsslon charges. CerLaln SLaLes
namely 8lhar, Cdlsha, WesL 8engal, MaharashLra and !harkhand have challenged Lhe new sharlng meLhodology lmplemenLed by
CL8C l.e. ÞolnL of Connecuon meLhodology ln Lhe courL of law. AlLhough, Company's revenue remaln unañecLed due Lo Lhe Sharlng
Mechanlsm belng revenue neuLral buL Lhe collecuon emclency Lo some exLenL has Laken a Lemporary hlL ull Lhe cases are seuled by
CourL. Powever, Lhe SLaLe of MaharashLra ls conunulng Lo pay Lhe Lransmlsslon charge as per ÞoC meLhodology ln Lerms of lnLerlm
order of Lhe uelhl Plgh CourL. WesL 8engal and !harkhand are also maklng paymenL as per ÞoC meLhod under proLesL sub[ecL Lo ñnal
seulemenL ln Lhe case. CLher consuLuenLs, namely 8lhar and Cdlsha are paylng as per Lhe old mechanlsm and LhaL has resulLed lnLo
hlgh ouLsLandlng dues recelvable from Lhem. CL8C 1arlñ regulauons allow paymenL of monLhly bllls Lowards Lransmlsslon wlLhln a
perlod of 60 days from Lhe daLe of bllls. lurLher, Lhere ls a provlslon for rebaLe also ln case of paymenL ls made wlLhln 60 days. uurlng
Lhe l?2012-13, mosL of Lhe uullues were avalllng 60 days allowable perlod for clearlng Lhelr dues. ApproprlaLe acuons for reallzauon of
dues were Laken by Lhe company agalnsL defaulung uullues LhaL resulLed lnLo recovery of huge ouLsLandlng dues.
- Integrated Management Þo||cy:
ÞCWLkGkID |s comm|ued to:
esLabllsh and malnLaln an emclenL and eñecuve ºnauonal Crld" wlLh due regard Lo ume, cosL, Lechnology and value addluon,
susLalnable developmenL Lhrough conservauon of naLural resources and adopung envlronmenL frlendly Lechnology on prlnclples
of Avoldance, Mlnlmlzauon and Mlugauon,
ensure safe, occupauonal hazard free and healLhy work envlronmenL,
Lo Lhe sausfacuon of sLakeholders ln all areas of lLs acuvlues and shall endeavor Lo lmprove conunually lLs managemenL sysLems
and pracuces ln conformlLy Lo legal and regulaLory provlslons.
- Interna| Contro|
ÞCWL8C8lu has a comprehenslve lnLernal conLrol mechanlsm ln place Lo verlfy Lhe Accounung and llnanclal ManagemenL SysLem,
adequacy of conLrols, maLerlal checks, ñnanclal proprleLy aspecLs and compllance lmplemenLauon mechanlsm. 1he elaboraLe guldellnes
for preparauon of AccounLs are followed conslsLenLly for unlform compllance. 1he lnLernal AudlL Manual, updaLed ln consulLauon wlLh
M/s uelolue Pasklns & Sells has been lmplemenLed progresslvely. 1he regular and exhausuve lnLernal AudlL on half yearly basls ls
carrled ouL by Lhe experlenced CosL/CharLered AccounLanL llrms ln close co-ordlnauon wlLh Company's own lnLernal AudlL deparLmenL
Lo ensure LhaL all checks and balances are ln place and all lnLernal conLrols/sysLems are ln order. 1he CorporaLe AudlL ueparLmenL
also carrles ouL sysLem audlL Lo reassure Lhe eñecuveness of Lhe lnLernal conLrol mechanlsm. 1he scope and auLhorlLy of Lhe lnLernal
AudlLor ls derlved from Lhe lnLernal AudlL Þlan approved by Lhe AudlL Commluee of Lhe 8oard. 1he AudlL Commluee meeLs aL regular
lnLervals and keeps a close waLch on compllance wlLh lnLernal conLrol mechanlsm. 1he slgnlñcanL /maLerlal audlL ñndlngs are placed
before Lhe AudlL Commluee for revlew, dlscusslon and subsequenL acuon.
JJ
As on 31sL March, 2013, Lhe Company had an AudlL Commluee ln place as per clause 49 of Lhe Llsung AgreemenL, whlch had four
lndependenL ulrecLors and one non-Lxecuuve ulrecLor.
I|nanc|a| D|scuss|on and Ana|ys|s
Comparlson of llscal 2013 Lo llscal 2012
?our company's LoLal lncome ln llscal 2013 was `13328.74crore, whlch represenLed an lncrease of 23.39 ° over Lhe LoLal lncome of
` 10783.01 crore ln llscal 2012. ln llscal 2013, Lransmlsslon and Lransmlsslon-relaLed acuvlues consuLuLed 91.61° of our LoLal lncome,
wlLh Lhe balance comlng from our consulLancy, Lelecommunlcauon buslness and oLher lncomes.
Income
kevenue from Cperanons
kevenue from Cperanons I|sca| 2013 I|sca| 2012
8evenue from Lransmlsslon charges* 12211.06 9673.13
ConsulLancy fees 313.40 289.93
8evenue from Lelecom 231.39 201.19
1ota| 127S7.8S 10164.27
*lncludes ShorL 1erm Cpen Access charges of `409.06 Crore for llscal 2013 and `323.48 Crore for llscal 2012.
1he revenue was hlgher ln llscal 2013 as compared Lo llscal 2012 malnly on accounL of lncrease ln Cross 8lock (Langlble and
lnLanglble asseLs) by `17213 crore added aL varlous polnLs of ume durlng llscal 2013 and full year lmpacL of asseLs added ln Cross
8lock durlng llscal 2012.
IAC1CkS AIILC1ING CUk kLSUL1S CI CÞLkA1ICNS
1ar|ñ norms
Cur charges for Lransmlsslon cusLomers are governed by Larlñ norms deLermlned by Lhe CenLral LlecLrlclLy 8egulaLory Commlsslon (ºCL8C")
pursuanL Lo cenLral governmenL Larlñ pollcy and leglslauon. As per Lhe 1arlñ Þollcy lssued by Col on 6Lh !anuary, 2006, CenLral LlecLrlclLy
8egulaLory Commlsslon (CL8C) shall be gulded by Lhe 1arlñ Þollcy whlle speclfylng Lhe Lerms and condluons for Lhe deLermlnauon of Larlñ.
1he CL8C has vlde lLs nouñcauon daLed 19Lh !anuary, 2009 nouñed Lhe Larlñ regulauons appllcable for Lhe Larlñ 8lock 2009-14. under Lhe
Larlñ regulauons appllcable for Lhe Larlñ 8lock 2009-14, we are permlued Lo charge our cusLomers Lransmlsslon charges for recovery of
annual ñxed cosL (ºAlC") conslsung of componenLs - reLurn on equlLy, lnLeresL on ouLsLandlng debL, depreclauon, operauon & malnLenance
expendlLure and lnLeresL on worklng caplLal.
1he 8eLurn on equlLy ls compuLed on pre-Lax basls by grosslng up Lhe base raLe of reLurn on equlLy of 13.3° aL Lhe Lax raLe appllcable Lo Lhe
Company. ln case of pro[ecLs commlssloned on or aûer 1sL Aprll, 2009, an addluonal reLurn on LqulLy of 0.3° wlll be allowed lf such pro[ecLs
are compleLed wlLhln Lhe umellne speclñed under Lhe CL8C Larlñ regulauons for Lhe 8lock 2009-14.
1he repaymenL of loan caplLal for Lhe year of Lhe Larlñ perlod 2009-14 ls deemed Lo be equal Lo Lhe depreclauon allowed for LhaL year.
uesplLe any moraLorlum perlod avalled by your company, Lhe repaymenL of loan ls consldered for Larlñ from Lhe ñrsL year of commerclal
operauon of Lhe pro[ecL and shall be equal Lo Lhe annual depreclauon allowed.
lor lnLeresL on worklng caplLal, Lhe worklng caplLal amounL ls calculaLed as - (l) conslsung of recelvables equlvalenL Lo Lwo monLhs of
ñxed cosL, (ll) malnLenance spares [ 13° of operauon and malnLenance expenses, and (lll) operauon and malnLenance expenses for one
monLh. 8aLe of lnLeresL on worklng caplLal for Lhe year ls on normauve basls and ls equal Lo Lhe shorL-Lerm Þrlme Lendlng 8aLe of SLaLe
8ank of lndla as on 1.4.2009 or on 1sL Aprll of Lhe year ln whlch Lhe Lransmlsslon sysLem, ls declared under commerclal operauon, whose
daLe of commerclal operauon falls on or before 30.06.2010, and S8l 8ase raLe plus 330 basls polnLs as on 01.07.2010 or on 1sL Aprll of Lhe
year ln whlch Lhe Lransmlsslon sysLem ls declared under commerclal operauon, whlchever ls laLer for resL of perlod from 01.07.2010 Lo
31.03.2014.
under Lhe Larlñ norms prescrlbed by CL8C for Lhe Larlñ 8lock 2009-2014, recovery of Lransmlsslon charge ls permlued Lo your company
on Lhe achlevemenL of Lhe operauonal norms and an lncenuve ls also allowed lf Lhe avallablllLy of our Lransmlsslon neLwork ls above 98°
ln respecL of alLernaung currenL sysLems, above 93° ln respecL of PvuC back-Lo-back SLauons sysLems and above 92° ln respecL of PvuC
bl-pole llnks and penallzed lf Lhe avallablllLy of our neLwork ls below 98°, 93° or 92°, respecuvely. 1he AvallablllLy lncenuves are llnked
wlLh monLhly Lransmlsslon charges.
1he Larlñ norms prescrlbed by CL8C for Lhe Larlñ 8lock 2009-2014 prescrlbe LhaL Lhe 1ransmlsslon charges correspondlng Lo any planL
capaclLy for whlch a beneñclary has noL been ldenuñed and conLracLed shall be pald by Lhe concerned generaung company.
Iore|gn Lxchange kate Var|anon:
?our company under Lhe Larlñ regulauons for Lhe block 2009-14 has an opuon Lo hedge forelgn exchange exposure ln respecL of Lhe lnLeresL
on forelgn currency loan and repaymenL of forelgn loan acqulred for Lhe Lransmlsslon sysLem, ln parL or full and recover Lhe cosL of hedglng
of forelgn exchange raLe varlauon correspondlng Lo Lhe normauve forelgn debL, ln Lhe relevanL year.
lf hedglng of Lhe forelgn exchange exposure ls noL underLaken, Lhe exLra rupee llablllLy Lowards lnLeresL paymenL and loan repaymenL
correspondlng Lo Lhe normauve forelgn currency loan ln Lhe relevanL year ls permlsslble provlded lL ls noL aurlbuLable Lo Lhe generaung
company or Lhe Lransmlsslon llcensee or lLs suppllers or conLracLors. uurlng Lhe ñnanclal year 2012-13, no hedglng for forelgn exchange
exposure has been underLaken by your company.
As per 8egulauons on Sharlng of lnLer-SLaLe 1ransmlsslon Charges & Losses, 2010 whlch came lnLo force from 01.07.2011, ÞCWL8C8lu, as
C1u, ls performlng Lhe acuvlLy of 8llllng, Collecuon and ulsbursemenL (8Cu) on behalf of all Lhe lS1S llcensees and also cerLaln non-lS1S
llcensees whose llnes have been ceruñed by 8ÞCs Lo be used as lS1S.
(` ln Crore)
J+
kevenue from Cther Serv|ces
?our company also earns revenue from consulLancy (lncludlng for pro[ecL managemenL and supervlslon servlces) and from our
Lelecommunlcauon buslness. Cur consulLancy lncome malnly conslsLs of fee from Lhe 8CCv?, Lhe execuuon of Lransmlsslon and
communlcauon sysLem-relaLed pro[ecLs on a Lurnkey basls and Lechnlcal consulung asslgnmenLs for lndlan sLaLe uullues and uullues ln
oLher counLrles. 1he lncome from ConsulLancy ln Lhe llscal 2013 was `313.40 crore as agalnsL `289.93 crore ln Lhe llscal 2012, an lncrease
by 8.78°. Such lncrease ls on accounL of revenue from Myanmar Þro[ecL, new consulLancy works of !harkhand, Lhough 8CCv? and 1ower
ueslgn consulLancy works reduced durlng Lhe year.
1he revenue from our Lelecommunlcauon buslness ls malnly on accounL of leaslng bandwldLh of our ñbre-opuc llnes. 1he 1elecom revenue
grew by 13.01° ln llscal 2013 Lo ` 231.39 crore from ` 201.19 crore ln llscal 2012.
Cther Income
?our company's oLher lncome was `370.89 crore ln llscal 2013, a decrease of 8.03° over Lhe oLher lncome of `620.74 crore ln llscal 2012.
1he oLher lncome decreased malnly because Lhere had been decrease ln lnLeresL lncome from lnvesLmenLs ln banks owlng Lo decrease ln
Lhe unuullzed proceeds of lÞC, decrease ln lnLeresL lncome on Lax free bonds on accounL of repaymenL of bonds.
Lxpenses have been caLegorlzed as- (l) Lmployees' beneñLs expense, (ll) llnance CosLs, (lll) uepreclauon and amoruzauon expense, and (lv)
1ransmlsslon, AdmlnlsLrauon and CLher Lxpenses.
?our company's LoLal expendlLure were ` 7708.38 crore ln llscal 2013, an lncrease of 24.96° over Lhe LoLal expendlLures of ` 6168.73 crore
ln llscal 2012. 1he LoLal expendlLure as a percenLage of LoLal lncome were 37.83° ln llscal 2013 compared Lo 37.20° ln llscal 2012.
Lmp|oyees' benehts expense
Lmployees' remunerauon and beneñLs expenses lnclude salarles and wages, lncenuves, allowances, beneñLs, conLrlbuuons Lo provldenL
and oLher funds and welfare expenses.
?our company had 9347 employees on payroll as of March 31, 2013, compared Lo 9,670 employees as of March 31, 2012, a decrease by
3.34° malnly due Lo separauon (compleuon of Lenure/reslgnauon) of employees hlred on llxed Lenure basls. Lmployees' remunerauon and
oLher beneñLs lncreased by 3.13° Lo ` 886.40 Crore ln llscal 2013 from ` 842.97 Crore ln llscal 2012. 1he lncrease ls due Lo an lncrease ln
uearness allowance, superannuauon beneñLs and normal lncremenLs as well as hlgher commlsslonlng of asseLs.
I|nance Cost
llnance cosL lncreased by 30.46° Lo `2333.22 crore ln llscal 2013 from `1943.26 crore ln llscal 2012. 1he lncrease was malnly due Lo
commlsslonlng of new 1ransmlsslon AsseLs, lnLeresL on whlch were earller caplLallzed buL now LreaLed as operaung expendlLure.
1hese charges lnclude guaranLee fee of `133.13 crore (neL of lLuC) payable Lo Lhe Col for glvlng guaranLees Lo Lhe lenders of our forelgn
currency loans.
Deprec|anon
?our company's depreclauon lncreased by abouL 30.30° Lo `3331.92 crore ln llscal 2013 from `2372.34 crore ln llscal 2012. 1he lncrease
was malnly because of Lhe commlsslonlng of new Lransmlsslon asseLs and full-year lmpacL ln llscal 2013 of Lransmlsslon asseLs whlch were
commlssloned durlng llscal 2012.
CurrenLly, Lhe Lechnlcal llfe of each depreclable asseL class as prescrlbed by CL8C ls as follows:
- Lransmlsslon llnes - 33 years
- subsLauons - 23 years
We depreclaLe Lhe asseLs of our consulLancy and Lelecom buslnesses on Lhe sLralghL llne meLhod as per raLes speclñed ln Schedule xlv of
Lhe Companles AcL, 1936.
uLuC asseLs oLher Lhan asseLs ldenuñed Lo be Lransferred Lo Þower SysLem Cperauon Corporauon are depreclaLed [ 6.67° per annum as
deLermlned by CL8C for levelllsed Larlñ.
1ransm|ss|on, Adm|n|stranon and Cther Lxpenses
1ransmlsslon, admlnlsLrauon and oLher expenses conslsL prlmarlly of cosLs of Lhe repalr and malnLenance of bulldlngs, planL and machlnery
and power charges. CLher lLems ln Lhls caLegory lnclude expendlLures for Lravel, securlLy, vehlcle hlre charges, lnsurance and renL raLes &
Laxes on our properues.
Cther Income I|sca| 2013 I|sca| 2012
ulvldend -Subsldlary and CLhers 60.68 34.18
lnLeresL lncome - bonds and long Lerm advances 64.83 81.76
lnLeresL lncome - banks 102.81 279.13
lnLeresL lncome - oLhers 101.83 7.30
ÞroñL on sale of ñxed asseLs 0.20 0.09
ueferred lncome (Lransfers from granLs ln ald) 22.29 26.33
1ransfer from lnsurance reserves on a/c of loss of ñxed asseLs 0.33 0.81
Lease lncome from SLaLe SecLor uLuC 33.66 7.89
Surcharge on laLe paymenL from cusLomers 73.47 66.93
lL8v galn 1.16 -
Mlscellaneous lncome 48.37 33.31
Þrovlslon wrluen back 39.24 40.79
1ota| Cther Income S70.89 620.74
(` ln Crore)
J5
1ransmlsslon, admlnlsLrauon and oLher expenses lncreased by 7.60° Lo `871.34 crore ln llscal 2013 from `809.98 crore ln llscal 2012. 1he
lncrease ls on accounL of Lhe lncrease ln Cross 8lock (Langlble and lnLanglble asseLs) by `17213 crore added aL varlous polnLs of ume durlng
llscal 2013 and full year lmpacL of asseLs added ln Cross 8lock durlng llscal 2012 as cerLaln expenses LhaL were earller belng caplLallzed
durlng Lhe consLrucuon of Lhe pro[ecL are now LreaLed as an operaung expense subsequenL Lo Lhe commlsslonlng of Lhe pro[ecL.
Þroht before 1ax
?our company's proñL before Lax ln llscal 2013 was ` 3644.86 crore, an lncrease of 22.78° over our proñL before Lax of ` 4397.60 crore ln
llscal 2012.
1he exchange dlñerences arlslng on seulemenL/ Lranslauon of forelgn currency loans Lo Lhe exLenL regarded as an ad[usLmenL Lo lnLeresL
cosL as per para 4(e) of AS 16 and hlLherLo charged Lo Lhe sLaLemenL of proñL and loss have now been ad[usLed ln Lhe cosL of relaLed caplLal
asseLs. 1hls change ln accounung pollcy ls made eñecuve from 01 Aprll, 2011 and has resulLed ln lncrease ln ÞroñL before Lax for Lhe year by
`122.93 crore (lncludlng ` 66.12 crore for l? 11-12).(Lo be read wlLh noLe no.2.39(l).
ln vlew of oplnlon of LAC of lCAl, Lhe unspenL expendlLure, ouL of Lhe budgeL for Lhe year Lowards CorporaLe Soclal 8esponslblllLy (CS8),
whlch was hlLherLo belng provlded for ln Lhe sLaLemenL of ÞroñL & Loss ls now belng Lransferred Lo CS8 reserve by approprlaung proñL and
Lhls change has resulLed ln lncrease ln proñL before Lax for Lhe year by `26.06 crore (lncludlng `13.26 crore wrlLe back of provlslon for earller
years). (Lo be read wlLh noLe no.2.39(ll).
Þrov|s|on for 1ax
ln llscal 2013, we provlded for `1032.08 crore of Mlnlmum AlLernaLe 1ax, compared Lo `888.31 crore ln llscal 2012. 1he lncrease was
prlmarlly due Lo lncrease ln ÞroñL before Lax ln llscal 2013.
Þrovlslon for deferred Lax ls made ln respecL of Lemporary dlñerences malnly on accounL of hlgher depreclauon raLes avallable under
lncome Lax provlslons.
Þroht aher 1ax
?our company's ÞroñL aûer 1ax ln llscal 2013 was `4234.30 crore, an lncrease of 30.09 ° over our ÞroñL aûer 1ax of `3234.93 crore ln llscal 2012.
LIÇUIDI1¥ AND CAÞI1AL kLSCUkCLS
?our company depends on boLh lnLernal and exLernal sources of llquldlLy Lo provlde worklng caplLal and Lo fund caplLal requlremenLs.
PlsLorlcally, Lhe caplLal expendlLures have been funded wlLh lnLernally generaLed funds, granLs and equlLy conLrlbuuons by Lhe CovernmenL
and debL ñnanclng. As aL March 31, 2013, your company had cash and cash equlvalenLs of `1661.97 crore. As aL March 31, 2013, we also had
unuullzed 8ank CuaranLees llmlLs of approxlmaLely `88.00 crore for caplLal requlremenLs and commlued and undrawn cash credlL faclllues
of approxlmaLely `300 crore (ºcash credlL") Lowards our worklng caplLal faclllues.
Cash I|ows
Net Cash from Cperanng Acnv|nes
?our company's neL cash ßows from operaung acuvlues are prlnclpally used Lo servlce long-Lerm debL, for caplLal expendlLures, for
lnvesLmenLs and for dlvldends.
1he neL cash from operaung acuvlues was `11046.04 crore ln llscal 2013 as agalnsL `6402.33 crore ln llscal 2012.
Net Cash (Used |n) Investment Acnv|nes
?our company's neL cash used ln lnvesung acuvlues was `21710.70 crore ln llscal 2013 as agalnsL `13834.33 crore ln llscal 2012. 1hls malnly
reßecLed expendlLures on ñxed asseLs and caplLal work-ln-progress as well as consLrucuon sLores of `22130.80 crore and recelpL of lnLeresL
and dlvldend lncome of ` 341.73 crore.
Net Cash from I|nanc|ng Acnv|nes
ln llscal 2013, your company's neL cash ßow from ñnanclng acuvlues was `9989.73 crore as agalnsL `8088.62crore ln llscal 2012. ?our
company ralsed `18042.83 crore (lncludlng shorL Lerm loan of ` 2,000 crore) of new borrowlngs. 1hese borrowlngs lncluded prlnclpally
8upee denomlnaLed bonds and forelgn currency borrowlngs. 1he company repald `4248.08 crore of borrowlngs and pald lnLeresL and
ñnance charges of `2233.39 crore. ln Lhe llscal 2013, we pald dlvldends of `1331.89 crore comprlslng ñnal dlvldend for llscal 2012 and an
lnLerlm dlvldend for llscal 2013. 1he dlvldend for Lhe ñnanclal year 2012-13 (lncludlng proposed ñnal dlvldend [11.40° of pald up caplLal)
ls `1273.18 crore. 1he dlvldend payouL works Lo 30° of ÞA1.
Cap|ta| Lxpend|tures
?our company's caplLal expendlLure are prlmarlly for Lhe lnsLallauon of new Lransmlsslon capaclLy and Lhe expanslon of exlsung capaclLy.
Cur caplLal expendlLure ln llscal 2013 and llscal 2012, were `20,037 crore and `17,814 crore, respecuvely. CaplLal expendlLure budgeL for
llscal 2014 has been approved for `20,000 crore. ?our company's caplLal expendlLure budgeLs are sub[ecL Lo modlñcauon as a resulL of a
varleLy of facLors, changes Lo expanslon plans and slmllar oLher facLors.
¥ear ended
31
st
March, 2013 31
st
March, 2012
neL cash from operaung acuvlues 11046.04 6402.33
neL cash (used ln) lnvesLmenL acuvlues (21710.70) (13834.33)
neL cash from llnanclng acuvlues 9989.73 8088.62
Cash and cash equlvalenLs aL Lhe end of Lhe year 1661.97 2336.88
(` ln Crore)

keturn on Lqu|ty
1he reLurn on equlLy LhaL we were generally permlued ln llscal 2013 on Lransmlsslon asseLs under our Larlñs has been 13.3°. Cur acLual
8eLurn on LqulLy from perlod Lo perlod across our enure buslness ln llscal 2013 ls 16.13° as agalnsL 13.86° ln llscal 2012, an lncrease of
16.32°. 1he reLurn on equlLy of 16.13° ls malnly due Lo reLurn on Lhe lncreased commlssloned asseLs, accounung of prlnclpal and lnLeresL
on dues from ersLwhlle uLSu ln vlew of approval of Col on seulemenL of uLSu dues and lncrease ln dlvldend earnlngs.
Se|ected 8a|ance Sheet Items
I|xed Assets
?our company's LoLal ñxed asseLs (neL 8lock of llxed AsseLs & CaplLal Work-ln-Þrogress) were `80,313.36 crore and `63,233.80 crore as
aL March 31, 2013 and March 31, 2012, respecuvely. llxed asseLs have been caLegorlzed as - (l) 1anglble AsseLs, (ll) lnLanglble asseLs,
(lll) CaplLal work ln progress, and (lv) lnLanglble AsseLs under developmenL.
(|) 1ang|b|e Assets
Cur 1anglble AsseLs conslsL of planL and machlnery such as Lransmlsslon llnes, subsLauons, PvuC and uLuC equlpmenL and oLher
Lransmlsslon equlpmenL, bulldlngs, land, omce equlpmenL, ñxLures, and moLor vehlcles. 1anglble AsseLs value (neL 8lock) lncreased
from `47,339.78 crore ln llscal 2012 Lo `60877.69 crore ln llscal 2013, an lncrease by 28.60°. 1hese lncreases are malnly due Lo Lhe
commlsslonlng of new Lransmlsslon asseLs.
(||) Intang|b|e Assets
Cur lnLanglble AsseLs conslsL of LlecLronlc uaLa Þrocesslng Soûware and 8lghL of Way-AñoresLauon Lxpenses. 1he value of unamoruzed
lnLanglble asseLs lncreased from `322.32 crore ln llscal 2012 Lo `322.93 crore ln llscal 2013, an lncrease by 62.14°.
(|||) Cap|ta| Work |n Þrogress
?our company's caplLal work-ln-progress was ` 18,921.30 crore and ` 13,499.89 crore crore, as aL March 31, 2013 and 2012, respecuvely,
an lncrease of 22.07°. 1he cosL of maLerlals consumed, erecuon charges and oLher expenses lncurred for Lhe lmplemenLauon of
pro[ecLs are shown on Lhe balance sheeL as caplLal work-ln-progress, pendlng caplLallzauon of Lhe compleLed pro[ecL. 1he change
ln Lhls amounL ls due Lo caplLallzauon of a number of Lransmlsslon pro[ecLs on commlsslonlng and underLaklng of new Lransmlsslon
pro[ecLs.
(|v) Intang|b|e Assets under deve|opment
AñoresLauon Lxpenses lncurred ln relauon Lo Lhe lmplemenLauon of pro[ecLs (pendlng caplLallzauon) are shown on Lhe balance sheeL
as lnLanglble asseLs under developmenL. 1he value of lnLanglble asseLs under developmenL was `193.62 crore and ` 73.61, as aL March
31, 2013 and 2012, respecuvely.
Construcnon stores
ConsLrucuon sLores were `13,708.62 crore and `12,610.04 crore as aL March 31, 2013 and 2012, respecuvely. 1hese amounLs represenL
caplLal expendlLure on Lhe new as well as ongolng Lransmlsslon pro[ecLs. 1he lncrease ln Lhese amounLs ls malnly due Lo Lhe underLaklng
of new Lransmlsslon pro[ecLs.
Investments
lnvesLmenLs have been classlñed lnLo currenL and non-currenL caLegorles. As aL March 31, 2013, Lhe non- currenL lnvesLmenLs and CurrenL
lnvesLmenLs were `964.24 crore and `183.26 crore as agalnsL `1101.19 crore and `183.26 crore, respecuvely as aL March 31, 2012.
lnvesLmenLs under 'CurrenL' caLegory are Lhose whlch are reallzable or lnLended Lo be reallzable wlLhln 12 monLhs aûer Lhe reporung daLe.
?our company's lnvesLmenLs malnly conslsL of bonds lssued by Lhe SL8s as parL of Lhe Cne 1lme SeulemenL. We have also lnvesLed `12 crore
ln equlLy shares of Þ1C lndla LlmlLed, `229.32 crore ln Þowerllnks 1ransmlsslon LlmlLed, Lhe [olnL venLure beLween us and 1he 1aLa Þower
Company LlmlLed Lhrough whlch Lhe 1ala 1ransmlsslon Þro[ecL was consLrucLed, `23.40 crore ln 1orrenL Þower Crld LlmlLed, `78 crore ln
!aypee Þowergrld LlmlLed, `40.98 crore ln Þarbau koldam 1ransmlsslon Company LlmlLed, `23.41 crore ln 1eesLavalley Þower 1ransmlsslon
LlmlLed, `106.96 crore ln norLh LasL 1ransmlsslon Company LLd., `22.30 crore ln Lnergy Lmclency Servlces LLd., `11.06 crore ln nauonal
Plgh Þower 1esL LaboraLory ÞrlvaLe LLd, `1.30 lac ln Cross 8order Þower 1ransmlsslon Company LlmlLed, `0.3 lac ln kallnga 8ldyuL Þrasaran
nlgam ÞrlvaLe LlmlLed, `2.3 lac ln 8lhar Crld Company LlmlLed, ` 30.74 crore ln subsldlarles of our Company vlz. `30.64 crore ln Þower
SysLem Cperauon Corporauon LLd and `0.03 crore ln Þowergrld nM 1ransmlsslon Company LlmlLed and 0.03 crore ln Þowergrld vemaglrl
1ransmlsslon LlmlLed
Loans and Advances
1he loans and advances have been classlñed lnLo long-Lerm & shorL-Lerm caLegorles. As aL March 31, 2013, Lhe long-Lem loans & advances
and shorL-Lerm loans & advances were `3963.40 crore and `393.03 crore as agalnsL ` 3614.76 crore and `423.96 crore respecuvely as aL
March 31, 2012. Loans and advances lnclude advances for caplLal expendlLure, loans Lo employees, lease recelvables (represenung cerLaln
caplLal expendlLures made by Lhe company ln respecL of Lhe sLaLe secLor uLuCs of all ñve reglons, for whlch Lhe consuLuenLs of Lhose
reglons are relmburslng Lhe company on a ñnance lease basls), loans and advances Lo conLracLors, advance lncome Lax & 1uS and oLher
deposlLs wlLh Lax auLhorlues, advances Lo relaLed parues and all oLher loans and lnclude advances whlch are noL expecLed Lo be reallzed
wlLhln nexL 12 monLhs from Lhe reporung daLe or wlLhln normal operaung cycle whlchever ls longer. 1he lncrease ln loans and advances
from llscal 2012 Lo llscal 2013 was malnly due Lo lncrease ln advances for caplLal expendlLure necesslLaLed on accounL of underLaklng of
new Lransmlsslon pro[ecLs.
Inventor|es
lnvenLorles are valued aL lower of Lhe cosL, deLermlned on welghLed average basls, and neL reallzable value. 1he cosLs of lnvenLorles were `
331.33 crore, as aL March 31, 2013. Cur lnvenLorles conslsLs of Lransmlsslon llne lLems such as Lower parLs, conducLors, lnsulaLors and oLher
lLems, and subsLauon lLems such as Lransformers, clrculL breakers, lC1s and oLher lLems. 1he cosL of our lnvenLorles lncreased ln llscal 2013 as
compared wlLh llscal 2012, on accounL of your company conunulng Lo expand Lhe Lransmlsslon neLwork and caplLallzauon of new pro[ecLs.

1rade kece|vab|es
1rade 8ecelvables conslsL malnly of recelvables relaung Lo Lransmlsslon servlces, and also recelvables from consulLancy servlces and Lelecom
servlces. Cur 1rade 8ecelvables as on March 31, 2013 and 2012 were `1434.09 crore and `1497.49 crore, respecuvely. 1rade recelvables
decreased by 4.23° ln llscal 2013 as compared Lo llscal 2012. 1he decrease from llscal 2012 Lo llscal 2013 was malnly due Lo lmproved
collecuon.
SubsLanually, all of our recelvables are covered by leuers of credlL pursuanL Lo Lhe Cne 1lme SeulemenL Scheme, we have no maLerlal debL
collecuon problems.
Cther Current Assets
Cur oLher currenL asseLs as aL March 31, 2013 and 2012 respecuvely, were `1839.37 crore and `1443.99 crore. CLher currenL asseLs malnly
lnclude lnLeresL accrued on lnvesLmenLs (8onds) & Lerm deposlLs. 8esldes, lL lncludes Lhe unbllled revenue represenung Lhe amounL for
whlch Lhe Company ls yeL Lo ralse bllls ln vlew of recognluon of revenue as per CL8C 1arlñ norms appllcable for 2009-14. CLher currenL
asseLs lncreased by 27.22° ln llscal 2013 as compared Lo llscal 2012 due Lo lncrease ln unbllled amounL Lo `1737.87crore (ln llscal 2013)
from `1348.81 crore (ln llscal 2012).
1he comparlson of acLuals wlLh llnanclal MCu LargeLs ls glven below:-
MCU Þarameters Actua| 2012-13 MCU 2012-13
Cross Sales (` crore) 12738 10877
Cross Margln (` crore) 11307 9736
neL ÞroñL/neL worLh (°) 16.13° 12.69°
Cross Margln/Cross 8lock (°) 14.28° 13.38°
Cross ÞroñL/CaplLal Lmployed (°) 13.40° 13.07°
Þ8ul1/1oLal employmenL (` ln lakhs) 123.11 98.87
Added value/Cross Sales (°) 48.69° 41.39°
Indebtedness
We rely on boLh 8upee and forelgn currency denomlnaLed borrowlngs. A slgnlñcanL parL of our exLernal fundlng has been Lhrough long-
Lerm forelgn currency loans from mululaLeral agencles such as Lhe World 8ank and Lhe Aslan uevelopmenL 8ank, wlLh our performance
under such loans guaranLeed by Lhe Col.
1he followlng Lable seLs forLh, by currency, our ouLsLandlng debL and Lhe perlods durlng whlch debL amounLs maLure or paymenL ls oLherwlse
due. Currency converslons are as of 31sL March, 2013:
2013-14 2014-1S 201S-16 2016-17 8L¥CND 2016-17 1C1AL
kupee Loans
8onds 1933.72 2464.34 2791.71 3446.04 31637.70 42273.31
CLher uomesuc Loans 118.18 103.37 101.73 227.22 1273.00 1823.30
Iore|gn Currency Loans
uS$ 839.13 930.11 1193.20 1239.84 16403.43 20627.73
Lu8 28.60 8.34 9.02 21.43 138.92 206.33
SLk 22.34 22.34 32.08 146.93 724.90 948.39
CPl 138.96 0.00 0.00 0.00 0.00 138.96
!Þ? 10.63 10.63 10.63 10.63 106.47 149.07
1C1AL : 3111.60 3S39.3S 4138.39 S112.13 S0286.42 66187.89
(` ln Crore)
Long-term borrow|ngs
?our company's long-Lerm borrowlngs as aL March 31, 2013 and 2012 were `63076.27 crore and `49119.19 crore, respecuvely. Long-Lerm
borrowlngs lnclude amounLs ralsed from our prlvaLe placemenL of bonds, Lerm loans from banks, loans from Lhe lnLernauonal 8ank for
8econsLrucuon and uevelopmenL, Aslan uevelopmenL 8ank and 8ank of lndla and oLher lorelgn llnanclal lnsuLuuons. 1he company for
Lhe ñrsL ume ralsed unsecured forelgn currency bond of uSu 300 mllllon and non soverelgn loan of uSu 270 mllllon wlLh llC. uue Lo Lhe
lncreased lnvesLmenL ln new pro[ecLs durlng Lhe lasL year, our borrowlngs have lncreased subsLanually.
Secured Loans
Cur secured loans (excludlng currenL maLurlues of long Lerm loans) as aL March 31, 2013 and 2012 were `39644.88 crore and `48,670.30
crore, respecuvely. MosL of Lhese loans have been secured by ßoaung charge on Lhe movable and lmmovable properues of Lhe Company.
1he followlng Lable presenLs Lhe secured debL as aL 31sL March, 2013:
*Loans guaranLeed by Lhe CovernmenL were ` 16117.21 crore.
Amount (` |n crore) ¼ of tota| secured debt
8onds denomlnaLed ln 8upees 40339.79 67.63
CLher Loans and Advances lrom 8anks and llnanclal lnsuLuuons:
uenomlnaLed ln lorelgn Currency* 17399.78 29.31
uenomlnaLed ln 8upees 1703.31 2.86
1ota| S9644.88 100.00
Je
Unsecured Loans
Cur unsecured loans (long Lerm) as aL March 31, 2013 and 2012 were ` 3,431.39 crore and ` 448.69 crore, respecuvely, whlch conslsL of
(Len year) forelgn currency bonds, loans from forelgn ñnanclal lnsuLuuons such as Lhe nauxls (lormerly CredlL nauonal) ln lrance, !apan
lnLernauonal Cooperauon Agency (lormerly !apan 8ank for lnLernauonal Co-operauon) ln !apan, Skandlnavlska Lnskllda 8anken A8(publ)
ln Sweden and A8 Svensk LxporLkredlL, Sweden.
1he followlng Lable presenLs our unsecured debL as aL March 31, 2013:
Advance Aga|nst Deprec|anon (AAD)
Advance agalnsL depreclauon ls a componenL of Larlñ LhaL we were permlued Lo charge under CL8C regulauons for Lhe 8lock 2004-09,
Lo cover shoruall ln respecL of depreclauon ln a year on asseLs, for repaymenL of debLs. AAu has been done away wlLh ln Lhe Larlñ block
2009-2014 and depreclauon raLe have been reworked. uue Lo change ln Lhese Larlñ norms and Lhe depreclauon raLes w.e.f. 1.04.2010,
Lhe ouLsLandlng AAu has been Laken Lo Lransmlsslon lncome aûer 12 years from Lhe daLe of commerclal operauon Lo Lhe exLenL Lhe
depreclauon charged ln respecL of Lransmlsslon sysLem ls more Lhan Lhe deprlclauon recovery under Larlñ.
Current L|ab|||nes
?our company's currenL llablllues as aL 31sL March, 2013 were ` 14708.30 crore (Þrevlous year ` 11371.01 crore). 1he currenL llablllues
lnclude shorL-Lerm borrowlngs, currenL maLurlues of long Lerm borrowlngs, 1rade payables, shorL Lerm provlslons and oLher currenL
llablllues. CurrenL llablllues were 29.33° hlgher aL March 31, 2013 compared Lo March 31, 2012. 1he lncrease ls malnly due Lo lncrease ln
deposlLs reLenuon money from conLracLors/ oLhers & dues for caplLal expendlLure from `2804.31 Crore ln llscal 2012 Lo `4967.18 Crore ln
llscal 2013, and lncrease ln currenL maLurlues of long Lerm borrowlngs from `2408.83 crore ln llscal 2012 Lo `2889.36 crore llscal 2013.
Connngent L|ab|||nes
1he followlng Lable seLs forLh Lhe prlnclpal componenLs of our ConungenL Llablllues as aL March 31, 2013 and 2012:
ConungenL llablllues lncreased by 41.68° ln llscal 2013 compared Lo llscal 2012. 1hls lncrease was malnly on accounL of hlgher land
compensauon clalms and Lhese are belng conLesLed by Lhe company before auLhorlues/ courLs, Clalms ln respecL of CaplLal works are belng
conLesLed by Lhe Company as belng noL admlsslble ln Lerms of Lhe provlslons of Lhe respecuve conLracLs. 1he Company ls pursulng varlous
opuons under dlspuLe resoluuon mechanlsm avallable ln Lhe conLracL for seulemenL of Lhese clalms.
8USINLSS AND IINANCIAL kLVILW CI ICIN1 VLN1UkL CCMÞANILS AND SU8SIDIAkILS:
ICIN1 VLN1UkL CCMÞANILS:
A) Þower||nks 1ransm|ss|on L|m|ted (ÞCWLkLINkS):
ÞCWL8C8lu and 1A1A ÞCWL8 are Lhe !olnL venLure ÞarLners ln Lhls !olnL venLure Company and hold 49° and 31° equlLy, respecuvely.
1he Company was lncorporaLed Lo underLake Lhe lmplemenLauon of 1ransmlsslon Llnes assoclaLed wlLh 1ala PLÞ, LasL-norLh
lnLerconnecLor and norLhern 8eglon 1ransmlsslon SysLem from Slllgurl ln WesL 8engal vla 8lhar Lo uuar Þradesh and was Lhe ñrsL
publlc - prlvaLe parLnershlp ln Þower 1ransmlsslon. ÞCWL8LlnkS successfully commlssloned Lhe pro[ecL ln AugusL, 2006 and lL ls under
commerclal operauon slnce 1sL SepLember, 2006. As on 31.03.2013, ÞCWL8LlnkS has AuLhorlzed share caplLal of `4,83,60,00,000/-
and pald-up caplLal of `4,68,00,00,000/- ouL of whlch ÞCWL8C8lu holds Shares of `229.32crore and 1A1A ÞCWL8 hold shares of
`238.68crore. ÞCWL8LlnkS has glven a LoLal dlvldend of 20° amounung Lo `43.86 crore for llscal 2013.
*Loans guaranLeed by Lhe CovernmenL were ` 236.44 crore.
Amount (` |n crore)
¼ of tota| unsecured debt
8onds denomlnaLed ln lorelgn Currency 2743.30 80.00
CLher Loans and Advances lrom 8anks and llnanclal lnsuLuuons:
uenomlnaLed ln lorelgn Currency* 683.89 20.00
uenomlnaLed ln 8upees - -
1ota| 3431.39
Connngent L|ab|||nes
(` |n crore)
Descr|pnon As at 31
st
March, 2013 As at 31
st
March, 2012
Clalms agalnsL Lhe Company noL acknowledged as debL ln respecL of
CaplLal Works 172.60 73.13
Land Compensauon cases 2322.64 1763.09
CLher Clalms- 2.73 11.72
ulspuLed 1ax MaLers- lncome 1ax/Sales 1ax/Lxclse 294.86 237.86
CLhers 89.78 80.16
8ank CuaranLee glven on behalf of wholly owned subsldlarles of ÞCWL8C8lu
Lowards performance of Lhe work awarded for
- Þowergrld nM 1ransmlsslon LlmlLed
- Þowergrld vemaglrl 1ransmlsslon LLd.


43.00
36.00


43.00
1ota| 3163.61 2232.98
JJ
I|nanc|a| n|gh||ghts of the Company:
(` ln crore)
Þarncu|ars I|sca| 2013 I|sca| 2012
ÞCWLkGkID's |nvestment |n Lqu|ty 229.32 229.32
Gross Income 2S9.88 299.24
Þroht aher 1ax 119.08 112.3S
Larn|ng per Share* 2.S4 2.40
*lace value per Share ls `10 each.
8) IA¥ÞLL ÞCWLkGkID L|m|ted (IÞL):
1he maln ob[ecuve of Lhe Company was Lo lmplemenL a Lransmlsslon sysLem Lo evacuaLe power generaLed by 1000 MW karcham
WangLoo Pydro LlecLrlc Þower Þro[ecL ln klnnaur ulsLrlcL ln Plmachal Þradesh from WangLoo Lo Abdullapur. As on 31.03.2013, !ÞL
has AuLhorlzed share caplLal of `300 crore and pald-up caplLal of `300 crore dlvlded lnLo 30,00,00,000 equlLy shares of `10 each,
ÞCWL8C8lu equlLy belng `78 crore. !alprakash Þower venLures LlmlLed and ÞCWL8C8lu lndlvldually hold 74° and 26°, respecuvely
as on 31.03.2013. 1he pro[ecL was commlssloned on 01.04.2012. 1he Company ls yeL Lo sLarL paylng dlvldend.
I|nanc|a| n|gh||ghts of the Company:
(` ln crore)
Þarncu|ars I|sca| 2013 I|sca| 2012
ÞCWLkGkID's |nvestment |n equ|ty 78.00 7S.92
Gross Income 206.21 -
Þroht ](|oss)aher 1ax 28.S4 (1.91)
Larn|ngs per Share* 0.96 0.07
*lace value per Share ls 10/- each.
C) 1orrent Þowergr|d L|m|ted (1ÞL):
1he maln ob[ecuve of Lhe Company was Lo esLabllsh Lransmlsslon sysLem assoclaLed wlLh 1100MW Cas 8ased pro[ecL (Sugen)
Cenerauon SLauon of 1orrenL Þower LLd. (1ÞL) aL Akhakhol ln SuraL ulsLrlcL of Cu[araL. ÞCWL8C8lu and 1orrenL Þower LLd. are Lhe !olnL
venLure ÞarLners ln Lhls Company and hold 26° and 74° equlLy, respecuvely, ÞCWL8C8lu equlLy belng `23.40 crore. As on 31.03.2013,
1ÞL has AuLhorlzed share caplLal of `123 crore and pald-up caplLal of `90 crore. 1he pro[ecL goL fully commlssloned ln Aprll, 2011 and
lL ls ln operauon. 1he 8oard of Lhe Company has recommended malden dlvldend of 10° for ñnanclal year 2012-13.
I|nanc|a| n|gh||ghts of the Company:
(` ln crore)
Þarncu|ars I|sca| 2013 I|sca| 2012
ÞCWLkGkID's |nvestment |n Lqu|ty 23.40 23.40
Gross Income S0.02 S4.S1
Þroht aher 1ax 2.39 10.26
Larn|ng per Share* 0.27 1.14
*lace value per Share ls `10/- each.
D) Þarban ko|dam 1ransm|ss|on Company L|m|ted (Þk1CL)
ÞCWL8C8lu enLered lnLo a !olnL venLure AgreemenL on 23rd november, 2007 wlLh 8ellance Lnergy LlmlLed (8LL) now 8ellance lnfra,
for lmplemenLauon of Lransmlsslon llnes assoclaLed wlLh Þarbau-ll (800 MW) PLÞ and koldam (800 MW) PLÞ. 1he Company named
'Þarbau koldam 1ransmlsslon Company LlmlLed' Look up lmplemenLauon of Þarbau and koldam 1ransmlsslon sysLems Lhrough !olnL
venLure rouLe and goL Lhe 1ransmlsslon Llcense ln SepLember,2008. As on 31.03.2013, Þk1CL has AuLhorlzed Share CaplLal of `331 crore and
pald-up caplLal of `137.63 crore, ÞCWL8C8lu equlLy belng `40.98 crore. 1he pro[ecL ls under lmplemenLauon, Lhere ls no operaung proñL.
L) 1eestava||ey Þower 1ransm|ss|on L|m|ted (1Þ1L)
ÞCWL8C8lu enLered lnLo a !olnL venLure AgreemenL wlLh 1eesLa ur[a LlmlLed on 23rd november,2007 on 26° equlLy -ÞCWL8C8lu
and 74° equlLy 1eesLa ur[a LlmlLed (1uL) for lmplemenLauon of Lransmlsslon llnes of 1eesLa-lll vlz. 400k/v u/C llne assoclaLed wlLh
1200 MW 1eesLa-lll Pydro LlecLrlc Þower Þro[ecL Lo klshangan[ sub-sLauon (karandlghl) and goL Lhe 1ransmlsslon Llcence ln llscal 2009.
As on 31.03.2013, 1Þ1L has AuLhorlzed share caplLal of `230 crore and pald-up caplLal of `97.74 crore, ÞCWL8C8lu equlLy belng `23.41
crore. 1he pro[ecL ls under lmplemenLauon, Lhere ls no operaung proñL.
I) North Last 1ransm|ss|on Company Ltd.(NL1CL):
ÞCWL8C8lu enLered lnLo a !olnL venLure AgreemenL ln lebruary, 2009 wlLh CnCC 1rlpura Þower Þro[ecL Company LLd. (CÞ1CL),
CovernmenL of 1rlpura, Manlpur, Mlzoram, Assam LlecLrlclLy Crld Corporauon LLd. and Meghalaya for esLabllshmenL of 1ransmlsslon
Llne of 400kv u/C ÞalaLana 8ongalgoan 1ransmlsslon Þro[ecL assoclaLed wlLh 726 MW ÞalaLana Cas base Þower Þro[ecL ln Lhe SLaLe of
1rlpura. 1he !olnL venLure Company ls named 'norLh LasL 1ransmlsslon Company LlmlLed'. C1ÞCL, Lhe generaung Company ls a [olnL
venLure of CnCC LLd., CovernmenL of 1rlpura and lnfrasLrucLure Leaslng & llnance Servlces LLd., (lL&lS LLd.). 1he Company has goL Lhe
1ransmlsslon Llcence ln llscal 2009. As on 31.03.2013, nL1CL has AuLhorlzed CaplLal of ` 600 crore and pald-up share caplLal of `411.4
crore, ÞCWL8C8lu equlLy belng `106.96 crore. ÞallaLana - Sllchar 400 kv u/c llne commlssloned ln Sep'2012 and Sllchar - 8yrnlhaL
secuon commlssloned ln Mar'2013. 8alance secuon, l.e. 8yrnlhaL- 8ongalgaon secuon ls under lmplemenLauon.
G) Nanona| n|gh Þower 1est Laboratory Þr|vate L|m|ted (NnÞ1L):
ÞCWL8C8lu enLered lnLo a !olnL venLure AgreemenL ln Aprll, 2009 wlLh equal paruclpauon wlLh n1ÞC LLd., nPÞC LLd. and uamodar
+J
valley Corporauon for semng up an Cn-llne Plgh Þower 1esL LaboraLory for shorL clrculL LesL faclllLy ln Lhe CounLry. 1he !olnL venLure
Company ls named 'nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed'. CenLral Þower 8esearch lnsuLuLe, 8angalore (CÞ8l) has been
lnducLed as Lhe llûh equal equlLy parLner of Lhe Company on 24.02.2012. As on 31.03.2013, nPÞ1L has AuLhorlzed share caplLal of
` 120 crore and pald-up caplLal of ` 33.30 crore, ÞCWL8C8lu equlLy belng `11.06 crore. A fully lndependenL, sLand alone, sLaLe-of-Lhe-
arL, professlonally managed, lnLernauonal class, ºCn Llne Plgh Þower ShorL ClrculL 1esL laclllLy" ls belng esLabllshed by Lhe Company
aL 8lna (M.Þ.) Lo provlde a full range of shorL clrculL Lesung for Lhe elecLrlcal equlpmenL manufacLurlng lndusLry and power uullues ln
conformance Lo lndlan and lnLernauonal SLandards. 1he pro[ecL ls under progress. Slnce Lhe pro[ecL ls under lmplemenLauon, Lhere ls
no operaung proñL.
n) Lnergy Lmc|ency Serv|ces L|m|ted (LLSL):
ÞCWL8C8lu enLered lnLo a !olnL venLure AgreemenL ln november, 2009 wlLh equal paruclpauon wlLh n1ÞC LLd., Þower llnance
Corporauon LLd. and 8ural LlecLrlñcauon Corporauon LLd. 1he !v Company wlll promoLe measures of Lnergy emclency, Lnergy
Conservauon and CllmaLe Change and ls carrylng ouL buslness relaLed Lo energy audlL of CovL. bulldlngs, consulLancy asslgnmenLs eLc.
1he !olnL venLure Company ls named 'Lnergy Lmclency Servlces LlmlLed'. As on 31.03.2013, Lhe Company has AuLhorlzed share caplLal
of `190 crore and pald up caplLal of `90 crore, ÞCWL8C8lu equlLy belng `22.3 crore. A full ume Mu has [olned on 06.03.2013. 1he
company has prepared pro[ecL reporLs, whlch are belng revlewed by Lhelr managemenL for commerclal workablllLy and lmplemenLauon.
I) Cross 8order Þower 1ransm|ss|on Company L|m|ted (CÞ1C):
ÞCWL8C8lu enLered lnLo a !olnL venLure AgreemenL ln !uly,2012 wlLh lLuCL, S!vnL & nLA for lmplemenLauon of lndlan poruon of
Lhe Lransmlsslon llne, l.e. Muzañarpur-Sursand secuon on lndlan slde of 400 kv u/C Muzañarpur - uhalkebar lndo-nepal Cross 8order
Lransmlsslon llne. LqulLy conLrlbuuon by ÞCWL8C8lu, S!vnL, lLuCL & nLA, nepal shall be 26°, 26°, 38° and 10° respecuvely ln
!vC. 1he esumaLed cosL of Lhe pro[ecL ls `210.7 Crore (Þrlce Level: 2nd CuarLer 2012) and Lhe pro[ecL has been envlsaged Lo be
lmplemenLed on 70:30 debL: equlLy rauo.
I) Þower 1ransm|ss|on Company Nepa| L|m|ted (Þ1CN):
ÞCWL8C8lu enLered lnLo a !olnL venLure AgreemenL ln !uly, 2012 wlLh lLuCL & nLA for lmplemenLauon of nepalease poruon of Lhe
Lransmlsslon llne, l.e. uhalkebar-8luamode secuon on nepal slde of lndo-nepal cross 8order Lransmlsslon llne. ÞresenLly, lLuCL and
nLA are equlLy parLners ln Þ1Cn on 30:30 basls. ÞCWL8C8lu shall lnfuse lLs 26° equlLy share upon varlous sLaLuLory approvals.
ConsequenL Lo Lhls, ÞCWL8C8lu, nLA and lLuCL shall respecuvely have 26°, 64° and 10° equlLy ln !vC. 1he esumaLed cosL of Lhe
pro[ecL ls `93.9 crore (Þrlce Level: 2nd CuarLer 2012) and Lhe pro[ecL has been envlsaged Lo be lmplemenLed on 70:30 debL: equlLy
rauo. 1he nepalease and lndlan poruon of Lhe llne shall faclllLaLe exchange of power beLween Lwo counLrles.
k) 8|har Gr|d Company L|m|ted (8GCL):
ÞCWL8C8lu enLered lnLo a Shareholders' AgreemenL on 29.12.2012 wlLh 8lhar SLaLe Þower (Poldlng) Company LlmlLed (8SÞ (P) CL) for
lmplemenLauon of lnLra SLaLe 1ransmlsslon SysLem ln Lhe SLaLe of 8lhar on 30:30 equlLy paruclpauon basls. 1he Company has sLarLed
acuon for obLalnlng varlous sLaLuLory/ regulaLory approvals. 1he company has been granLed Lransmlsslon llcense by 8L8C ln !une 2013.
lnLra-SLaLe 1ransmlsslon pro[ecLs are belng shorL llsLed for phase-wlse lmplemenLauon by Lhls !vC durlng ln Lhe nexL few years.
L) ka||nga 8|dyut Þrasaran N|gam Þr|vate L|m|ted (k8ÞNL):
ÞCWL8C8lu has enLered lnLo a Shareholders' AgreemenL on 04.01.2013 wlLh CÞ1CL for lmplemenLauon of lnLra SLaLe 1ransmlsslon
SysLem ln Lhe SLaLe of Cdlsha on Lhe basls of 30:30 equlLy paruclpauon. 1he Company has sLarLed acuon for obLalnlng varlous sLaLuLory/
regulaLory approvals. lnLra-SLaLe 1ransmlsslon pro[ecLs are belng shorL llsLed for phase-wlse lmplemenLauon by Lhls !vC durlng ln Lhe
nexL few years.
M) 8harat 8roadband Network L|m|ted (88NL)
8haraL 8roadband neLwork LlmlLed (88nL) was lncorporaLed on 23Lh lebruary,2012 wlLh an ob[ecuve Lo creaLe, operaLe, malnLaln
and manage nauonal Cpucal llbre neLwork (nCln), ln all Lhe esumaLed 2,30,000 Cram ÞanchayaLs (CÞs) of lndla. 88nL commenced
buslness ln Aprll,2012. ÞCWL8C8lu holds one share of `10 ln Lhe company. ÞCWL8C8lu has recelved consulLancy work from 88nL
Lhrough an alloLmenL leuer for developmenL & malnLenance of nCln neLwork ln four SLaLes Andhra Þradesh, Plmachal Þradesh,
!harkhand & Cdlsha coverlng abouL 36,000 Cram ÞanchayaLs.
SU8SIDIAkILS
A) Þower System Cperanon Corporanon L|m|ted (ÞCSCCC):
Þower SysLem Cperauon Corporauon LLd (ÞCSCCC) was lncorporaLed as a wholly owned subsldlary of ÞCWL8C8lu on 20.03.2009.
ÞCSCCC, ls responslble for lndependenL SysLem Cperauon. As on 31.03.2013, ÞCSCCC has AuLhorlzed Share CaplLal of `200 crore and
pald-up caplLal of `30.64 crore. 1he company pald an lnLerlm dlvldend of `6.128 crore durlng Lhe year and has recommended a furLher
ñnal dlvldend of `6.128 crore for llscal 2013.
(` ln crore)
Þarncu|ars I|sca| 2013 I|sca| 2012
Gross Income 266.37 214.34
Þroht aher 1ax 8S.6S S0.S2
Larn|ng per Share* 26.S9 16.49
*lace value per Share ls `10 each.
8) Þowergr|d NM 1ransm|ss|on L|m|ted:
ÞCWL8C8lu nM 1ransmlsslon LlmlLed was lncorporaLed Lo esLabllsh Lransmlsslon sysLem assoclaLed wlLh lÞÞs of nagapamnam/
Cuddalore Area: Þackage-A. 1he Lransmlsslon sysLem comprlses of 763 kv u/C & 763 kv S/C llnes whlch ls Lo Lraverse Lhrough Lhe SLaLes
of 1amll nadu and karnaLaka. Pon'ble CenLral LlecLrlclLy 8egulaLory Commlsslon (CL8C) vlde lLs order daLed 9Lh May, 2013 has adopLed
+1
Lransmlsslon charges for Lhe pro[ecL and CL8C vlde lLs leuer daLed 13Lh !uly,2013 has lnumaLed lssuance of Lransmlsslon llcense Lo
Lhe Company. 1he Company has soughL approval of CL8C for exLenslon of ume and cosL overrun for Lhe Þro[ecL and Lhe CL8C order ls
awalLed. ConsLrucuon acuvlues of Lhe Þro[ecL shall commence shorLly.
C) ÞCWLkGkID VLMAGIkI 1kANSMISSICN LIMI1LD :
ÞCWL8C8lu vemaglrl 1ransmlsslon LlmlLed was lncorporaLed Lo esLabllsh Lransmlsslon sysLem assoclaLed wlLh lÞÞs of vemaglrl Area:
Þackage - A. 1he Lransmlsslon sysLem comprlses of 763 kv u/C llne whlch ls Lo Lraverse Lhe SLaLe of Andhra Þradesh. Appllcauon for
granL of Lransmlsslon llcense and adopuon of Lransmlsslon charges have been ñled before CL8C and Crder of CL8C ls awalLed.
Conso||dated hnanc|a| statement of ÞCWLkGkID
1he consolldaLed ñnanclal sLaLemenLs have been prepared ln accordance wlLh Accounung SLandards (AS-21) 'ConsolldaLed llnanclal
SLaLemenLs' and Accounung SLandards (AS-27) 'llnanclal reporung of lnLeresLs ln !olnL venLures' and are lncluded ln Lhls Annual
reporL.
A br|ef summary of the resu|ts on a conso||dated bas|s |s g|ven be|ow:
Caunonary Statement
SLaLemenL ln Lhe ManagemenL ulscusslon and Analysls and ulrecLors' 8eporL descrlblng Lhe Company's ob[ecuves, pro[ecuons and esumaLes,
are forward-looklng sLaLemenLs and progresslve wlLhln Lhe meanlng of appllcable laws and regulauons. AcLual resulLs may vary from Lhose
expressed or lmplled, dependlng upon economlc condluons, CovernmenL Þollcles and oLher lncldenLal facLors. 8eaders are cauuoned noL
Lo place undue rellance on Lhe forward looklng sLaLemenLs.
lor and on behalf of Lhe 8oard of ulrecLors
Þlace: new uelhl (k. N. Nayak)
uaLe: 06.08.2013 Chalrman & Managlng ulrecLor
I¥ 2012-13 I¥ 2011-12
Cross lncome 13,727.12 11,073.38
ÞroñL before 1ax 3,773.63 4,689.66
ÞroñL aûer 1ax 4,312.61 3,302.99
neL Cash from operaung acuvlues 11,438.76 8,381.99
(` ln Crore)
+Z
ANNLkUkL - II to the D|rectors' keport
Secnon A: Genera| Informanon about the Company
8us|ness kespons|b|||ty keport
Introducnon
1oday, Lhere ls growlng reallzauon LhaL buslness ls a cruclal member of socleLy. 8uslness and socleLy are deeply and dynamlcally
lnLerdependenL. 8uslness can susLaln Lhelr growLh only lf Lhe socleLy ls sausñed wlLh Lhelr overall conLrlbuuon Lo socleLal well-belng.
ÞCWL8C8lu as a responslble corporaLe enuLy reallses lLs obllgauons and commlLs lLself Lo SusLalnable uevelopmenL. SusLalnable
uevelopmenL ls vlLal Lo our buslness operauons wlLh our concerns for people and envlronmenL Laklng cenLre sLage. 1hls ls embedded ln and
reßecLed Lhrough our mouo, º8educe where you can and mlugaLe where you cannoL". We are well aware LhaL only by servlng Lhe needs
of our socleLy, we Lruly can advance our growLh agenda. 1he maln LhrusL of our susLalnablllLy eñorLs lncludes malnLalnlng hlgh sLandards
of buslness conducL, reduclng envlronmenLal & soclal lmpacL, provldlng a safe workplace whlle promoung professlonal developmenL, and
fulñlllng our commlLmenLs Lo cllenLs, lnvesLors, assoclaLes and all oLher sLakeholders.
Lnsurlng our commlLmenLs ln a soclally responslble manner ls fundamenLal Lo our endurlng dellvery of susLalnable values Lo all sLakeholders.
undersLandlng our responslblllues, we have always endeavored Lo proLecL Lhe envlronmenL ln areas of our acuvlues rlghL from plannlng Lo
operauon & malnLenance sLage. 1ransmlsslons pro[ecLs are envlronmenLally clean, non-polluung ln naLure and do noL produce any solld /
llquld wasLes, Lhereby havlng mlnlmal envlronmenLal and soclal lmpllcauons. Powever, we have developed a comprehenslve LnvlronmenL
and Soclal Þollcy and Þrocedures (LSÞÞ) ln 1998 and upgraded Lhe same ln 2003 & 2009, ln llne wlLh lnLernauonal besL pracuces, Lo pre-
empL posslble envlronmenLal and soclal lssues. 1he LSÞÞ ls developed on Lhree baslc prlnclples- Avoldance, Mlnlmlzauon and Mlugauon,
whlch provlde us a framework for ldenuñcauon, assessmenL and managemenL of envlronmenLal and soclal concerns aL boLh organlzauonal
level as well as aL pro[ecL level. 1he pollcy has been applauded by Lhe mululaLeral fundlng agencles llke 1he World 8ank & Au8 and ls applled
unlformly for all Lhe pro[ecLs across Lhe counLry.
ÞCWL8C8lu operauons are also governed by an lnLegraLed ManagemenL SysLem (lMS) comprlslng lSC 9001:2008 for CuallLy ManagemenL,
lSC 14001:2004 for LnvlronmenLal ManagemenL, and CPSAS 18001:2007 for Cccupauonal PealLh and SafeLy. 1he Company has also
obLalned SA 8000:2008 ceruñcauons for lLs human resource and labor managemenL pollcles and pracuces.
As a responslble corporaLe enuLy, ÞCWL8C8lu has also evolved a CorporaLe Soclal 8esponslblllLy (CS8) Þollcy LhaL promoLes communlLy
developmenL ln and around our areas of operauons wlLh focus on Lducauon, PealLh Care, lnfrasLrucLure uevelopmenL, Lcology &
LnvlronmenL Conservauon and ulsasLer rellef ln Lhe counLry. 1he CS8 lnluauves are prlmarlly almed Lo lmprove Lhe quallLy of llfe of Lhe local
populauon and brlng Lhe marglnallzed people Lo Lhe malnsLream of developmenL.
We have also Laken a lead lnluauve and developed a comprehenslve masLer plan for lnLegrauon of renewable energy generauon comlng
up across Lhe counLry lnLo Lhe grld Lhrough ºCreen Lnergy Corrldors". 8esldes, we are worklng on speclallzed ºSmarL Crld" concepL Lo Lake
up lmplemenLauon of SmarL Crld/SmarL ClLy Þro[ecLs whlch wlll help ln reducuon of AggregaLe 1echnlcal & Commerclal (A1&C) losses, peak
load managemenL/ demand response, lnLegrauon of renewable energy, power quallLy managemenL, ouLage managemenL eLc.
ln March, 2010, ÞCWL8C8lu had come ouL wlLh Lhe 'SusLalnablllLy 8eporL' for Lhe l? 2008-09 based on Clobal 8eporung lnluauve
(C8l-C3) guldellnes. 1he 2nd 'SusLalnablllLy 8eporL' for Lhe years 2009-11 has also been released ln March, 2013. 1he reporL has
been prepared as per C8l-C3 guldellnes and ln order Lo make Lhe process lncluslve and Lo focus on maLerlal / slgnlñcanL aspecLs and
responslveness, lnLernauonal SLandards llke AccounLablllLy, uk SLandard ºAA1000:2008 AÞS and AA1000:2011 SLS" have been followed.
Whlle Lhe ñrsL SusLalnablllLy 8eporL was lnLernally assured, however, Laklng our eñorLs Lowards furLher Lransparency, Lhe 2nd reporL has
been duly valldaLed exLernally by an accredlLed assurance provlder M/s 1uv 8helnland lndla (a group company of 1uv 8helnland Cermany).
1he 8eporL deals ln measuremenL and dlsclosure of lnformauon on Lhe 1rlple 8ouom Llne (18L) l.e. envlronmenLal, soclal and economlc
lmpacLs arlslng ouL of dally acuvlues of Lhe Company. 1he SusLalnablllLy 8eporLs are avallable on our webslLe -www.powergrldlndla.com.
1he Securlues and Lxchange 8oard of lndla (SL8l) as per lLs clrcular daLed 13Lh AugusL 2012 has mandaLed Lhe lncluslon of a º8uslness
8esponslblllLy 8eporL" (88 8eporL) as parL of Company's Annual 8eporL for Lop 100 llsLed enuues based on markeL caplLallsauon aL Lhe
8ombay SLock Lxchange LlmlLed (8SL) and Lhe nauonal SLock Lxchange of lndla LlmlLed (nSL) as on March 31, 2012. 1he reporung framework
ls based on Lhe 'nauonal volunLary Culdellnes on Soclal, LnvlronmenLal and Lconomlc 8esponslblllues of 8uslness (nvCs)' released by Lhe
MlnlsLry of CorporaLe Añalrs, CovernmenL of lndla, ln !uly 2011 whlch conLalns 9 Þrlnclples and Core LlemenLs for each of Lhe 9 Þrlnclples.
lollowlng ls Lhe ñrsL 8uslness 8esponslblllLy 8eporL of our company based on Lhe formaL suggesLed by SL8l ln lLs clrcular.
1 CorporaLe ldenuLy number (Cln) of Lhe Company L40101uL1989CCl038121
2 name of Lhe Company Þower Crld Corporauon of lndla LLd
3 8eglsLered address 8-9, CuLab lnsuLuuonal Area, kaLwarla Saral, new uelhl-110016
4 WebslLe www.powergrldlndla.com
3 L-mall ld susLalnablllLy.reporL[powergrldlndla.com
6 llnanclal ?ear reporLed 2012-2013
+J
Secnon 8: I|nanc|a| Deta||s of the Company
Secnon C: Cther Deta||s
1. Does the Company have any Subs|d|ary Company] Compan|es?
ÞCWL8C8lu has Lhree wholly owned subsldlary Companles vlz. Þower SysLem Cperauon Corporauon LLd. (ÞCSCCC), ÞCWL8C8lu
nM 1ransmlsslon LlmlLed (ÞCWL8C8lu nM1L) and ÞCWL8C8lu vemaglrl 1ransmlsslon LlmlLed (ÞCWL8C8lu v1L).
2. Do the Subs|d|ary Company]Compan|es parnc|pate |n the 8k In|nanves of the parent company? If yes, then |nd|cate the number of
such subs|d|ary company(s)
Cf Lhe Lhree subsldlary Companles referred Lo ln Sr. no. (1) above, only ÞCSCCC paruclpaLes ln 88 lnluauves. 1he remalnlng Lwo
subsldlary companles wlll geL operauonallsed on recelpL of Lransmlsslon llcense.
3. Do any other ennty]ennnes (e.g. supp||ers, d|str|butors etc.) that the Company does bus|ness w|th, parnc|pate |n the 8k |n|nanves
of the Company? If yes, then |nd|cate the percentage of such ennty]ennnes? [Less than 30¼, 30-60¼, More than 60¼]
1he LnvlronmenL and Soclal Þollcy and Þrocedures (LSÞÞ) of ÞCWL8C8lu encompass Lhe Company, lLs !olnL venLure Company -
Þowerllnks 1ransmlsslon LlmlLed and relauve aspecLs perLalnlng Lo vendors / Suppllers / ConLracLors Lhrough conLracL condluons.
vendors /Suppllers/ ConLracLors are requlred Lo comply wlLh Lhe provlslons of Lhe labour laws, envlronmenLal laws & eñecLual safeLy
plans Lhrough supulauons ln Lhe Condluons of ConLracL. 1he percenLage of such vendors/Suppllers/ConLracLors are more Lhan 60°.
Secnon D: 8k Informanon
1. Deta||s of D|rector]D|rectors respons|b|e for 8k
a) ueLalls of Lhe ulrecLor/ulrecLors responslble for lmplemenLauon of Lhe 88 pollcy/pollcles
CS8 & SusLalnable uevelopmenL Commluee has been seL up whlch also has ln lLs mandaLe Lo look lnLo Lhe 8uslness
8esponslblllLy 8eporL under Clause 33 of Llsung AgreemenL. lL comprlses elghL members vlz. CMu, Lhree funcuonal ulrecLors
- ulrecLor (Þersonnel), ulrecLor (Þro[ecLs) & ulrecLor (llnance) and four lndependenL ulrecLors. Shrl ALul 1rlvedl, Ceneral
Manager (LnvL. & Soclal ManagemenL uepu.) ls Lhe 88 head and reporLs Lo ulrecLor (Þro[ecLs).
1he deLall of Lhe ulrecLor responslble for lmplemenLauon of Lhe 88 pollcy/pollcles ls as under:
- uln number : 00013613
- name : Shrl l S !ha
- ueslgnauon : ulrecLor (Þro[ecLs)
1 Þald up CaplLal (ln8) 4629,723,333
2 1oLal 1urnover (ln8) 13328.74 Crore
3 1oLal ÞroñL aûer 1axes (ln8) 4234.30Crore
4 1oLal Spendlng on CorporaLe Soclal 8esponslblllLy
(CS8) as a percenLage of proñL aûer Lax(°)
uurlng l? 2012-13, Lhe Company has spenL ` 21.73 Crore [0.67° of ÞroñL
Aûer 1ax (ÞA1) of Lhe precedlng year] on varlous CS8 acuvlues.
3 LlsL of acuvlues ln whlch expendlLure ln 4 above has
been lncurred
a) PealLhcare
b) lnfrasLrucLure
c) Sklll uevelopmenL
d) ÞlanLauon
e) Lducauon
7 SecLor(s) LhaL Lhe Company ls engaged ln (lndusLrlal
acuvlLy code-wlse)
Sector(s) I1C Code No.
1ransmlsslon 99691110
1elecom 99841100
ConsulLancy 99833244
8 LlsL Lhree key producLs/servlces LhaL Lhe Company
manufacLures/provldes (as ln balance sheeL)
l) 1ransmlsslon
ll) 1elecom
lll) ConsulLancy Servlces (uomesuc / lnLernauonal)
9 1oLal number of locauons where buslness acuvlLy ls
underLaken by Lhe Company
l) number of lnLernauonal Locauons (Þrovlde deLalls
of ma[or 3)
ll) number of nauonal Locauons
(l) lnLernauonal: ÞCWL8C8lu has a sLrong presence ln ConsulLancy buslness
ln eleven counLrles ln Asla and Afrlca. Ma[or ñve lnclude LLhlopla, 8huLan,
uubal, 8angladesh and AfghanlsLan.
(ll) nauonal: 1oLal 177 whlch lncludes 167 subsLauons, 9 8eglonal headquar-
Lers and 1 corporaLe omce aL Curgaon. 1elecom deparLmenL has lLs presence
ln more Lhan 200 clues/Lowns spread across Lhe counLry. AparL from above,
a no. of subsLauons and Lransmlsslon llnes are presenLly under consLrucuon
and personnel are locaLed on Lhese slLe(s).
10 MarkeLs served by Lhe Company - Local/SLaLe/
nauonal/lnLernauonal/
ÞCWL8C8lu has fooLprlnL ln all Lhe markeLs-Local/SLaLe/nauonal/lnLerna-
uonal.
++
b) ueLalls of Lhe 88 head
*Conforms Lo/ are updaLed/ revlewed ln accordance wlLh, nauonal SLandards lncludlng CCl/CvC/ uÞL Culdellnes, appllcable laws, eLc.
#ÞCWL8C8lu ls World 8ank's ñrsL 'use of CounLry SysLem (uCS)' compllanL Þower 1ransmlsslon uullLy havlng proven experuse ln envlronmenLal and soclal
safeguards managemenL.
2a. lf answer Lo S.no. 1 agalnsL any prlnclple, ls 'no', please explaln why: (1lck up Lo 2 opuons)
2. Þr|nc|p|e-w|se (as per NVGs) 8k Þo||cy]po||c|es (kep|y |n ¥]N)
1he nauonal volunLary Culdellnes on Soclal, LnvlronmenLal and Lconomlc 8esponslblllues of 8uslness released by Lhe MlnlsLry of
CorporaLe Añalrs has adopLed followlng nlne areas of 8uslness 8esponslblllLy:
S. No. Þarncu|ars Deta||s
1. uln number (lf appllcable) NA
2. name Shrl ALul 1rlvedl
3. ueslgnauon CM (LnvL. & Soclal ManagemenL uepu.)
4. 1elephone number 0124-2371980
3. e-mall ld aLul.Lrlvedl[powergrld.ln
Þ1 8uslness should conducL and govern Lhemselves wlLh LLhlcs, 1ransparency and AccounLablllLy
Þ2 8uslnesses should provlde goods and servlces LhaL are safe and conLrlbuLe Lo susLalnablllLy LhroughouL Lhelr llfe cycle
Þ3 8uslnesses should promoLe Lhe wellbelng of all employees
Þ4 8uslnesses should respecL Lhe lnLeresLs of, and be responslve Lowards all sLakeholders, especlally Lhose who are dlsadvanLaged,
vulnerable and marglnallsed.
Þ3 8uslnesses should respecL and promoLe human rlghLs
Þ6 8uslness should respecL, proLecL, and make eñorLs Lo resLore Lhe envlronmenL
Þ7 8uslnesses, when engaged ln lnßuenclng publlc and regulaLory pollcy, should do so ln a responslble manner
Þ8 8uslnesses should supporL lncluslve growLh and equlLable developmenL
Þ9 8uslnesses should engage wlLh and provlde value Lo Lhelr cusLomers and consumers ln a responslble manner
S.No. Çuesnons Þr|nc|p|e 7- kespons|b|e pub||c po||cy advocacy
1. 1he company has noL undersLood Lhe Þrlnclples -
2. 1he company ls noL aL a sLage where lL ñnds
lLself ln a posluon Lo formulaLe and lmplemenL
Lhe pollcles on speclñed prlnclples
-
3. 1he company does noL have ñnanclal or
manpower resources avallable for Lhe Lask
-
4. lL ls planned Lo be done wlLhln nexL 6 monLhs -
3. lL ls planned Lo be done wlLhln Lhe nexL 1 year -
S.No. Çuesnons Þ 1 Þ2 Þ3 Þ4 ÞS P6 Þ7 Þ8 Þ9
1. uo you have pollcy/pollcles for.... ? ? ? ? ? ? N ? ?
2. Pas Lhe pollcy belng formulaLed ln consulLauon wlLh Lhe relevanL sLakeholders?* ? ? ? ? ? ? NA ? ?
3. uoes Lhe pollcy conform Lo any nauonal /lnLernauonal sLandards? lf yes, speclfy?*
(30 words)
? ? ? ? ? ?
#
NA ? ?
4. Pas Lhe pollcy belng approved by Lhe 8oard? lf yes, has lL been slgned by Mu/owner/CLC/
approprlaLe 8oard ulrecLor?
? ? ? ? ? ? NA ? ?
3. uoes Lhe company have a speclñed commluee of Lhe 8oard/ ulrecLor/Cmclal Lo oversee
Lhe lmplemenLauon of Lhe pollcy?
? ? ? ? ? ? NA ? ?
6. lndlcaLe Lhe llnk for Lhe pollcy Lo be vlewed onllne? www.powergrldlndla.com
7. Pas Lhe pollcy been formally communlcaLed Lo all relevanL lnLernal and exLernal
sLakeholders?
? ? ? ? ? ? NA ? ?
8. uoes Lhe company have ln-house sLrucLure Lo lmplemenL Lhe pollcy/pollcles. ? ? ? ? ? ? NA ? ?
9. uoes Lhe Company have a grlevance redressal mechanlsm relaLed Lo Lhe pollcy/pollcles Lo
address sLakeholders' grlevances relaLed Lo Lhe pollcy/pollcles?
? ? ? ? ? ? NA ? ?
10. Pas Lhe company carrled ouL lndependenL audlL/evaluauon of Lhe worklng of Lhls pollcy by
an lnLernal or exLernal agency?*
? ? ? ? ? ? NA ? ?
+5
S.No. Çuesnons Þr|nc|p|e 7- kespons|b|e pub||c po||cy advocacy
6. Any oLher reason (please speclfy) ÞCWL8C8lu ls a member of varlous lndusLrlal and Lrade bodles and paruclpaLes
ln Lhese forums on lssues and pollcy mauers LhaL lmpacL Lhe lnLeresL of our
sLakeholders. keeplng ln vlew Lhe slgnlñcanL lnLeresLs of ÞCWL8C8lu ln
Lhe 1ransmlsslon secLor, a separaLe 8egulaLory Cell ls ln place Lo underLake
ÞCWL8C8lu's endeavor of a pro-acuve approach as parL of pollcy advocacy wlLh
Lhe sLakeholders and CL8C.
Wherever felL necessary, we glve our commenLs on varlous approach papers,
draû regulauons eLc lssued by CL8C, oLher auLhorlues.
3. Governance re|ated to 8k
- Ind|cate the frequency w|th wh|ch the 8oard of D|rectors, Comm|uee of the 8oard or CLC to assess the 8k performance of the
Company. W|th|n 3 months, 3-6 months, Annua||y, More than 1 year
ÞCWL8C8lu had consuLuLed 'SusLalnable uevelopmenL Commluee of 8oard' durlng Lhe l? 2012-13 ln llne wlLh Lhe requlremenL
of ueparLmenL of Þubllc LnLerprlses (uÞL) Culdellnes on SusLalnable uevelopmenL (Su) for CenLral Þubllc SecLor LnLerprlses.
uurlng l? 2012-13, four meeungs of Lhe sald commluee were held wlLhln 3-6 monLhs Lo revlew Lhe susLalnable developmenL
pro[ecLs of Lhe Company.
WlLh Lhe lnLroducuon of new guldellnes lssued by uÞL on CS8 and SusLalnablllLy for CÞSLs (eñecuve from 01.04.2013) as well
as keeplng ln vlew Lhe requlremenL of Lhe SL8l clrcular on 8uslness 8esponslblllLy 8eporL, Lhe abovesald commluee was re-
consuLuLed as 'CS8 & SusLalnable uevelopmenL (Su) Commluee' whlch also looks aûer 8uslness 8esponslblllLy 8eporLs as per
Clause 33 of Lhe Llsung AgreemenL.
1hough assesslng 88 performance basls lndlvldual prlnclples ls an ongolng process, however, assessmenL /revlew ls done
perlodlcally, generally quarLerly, and annually aL Lhe end of Lhe year as a whole.
- Does the Company pub||sh a 8k or a Susta|nab|||ty keport? What |s the hyper||nk for v|ew|ng th|s report? now frequent|y |t |s
pub||shed?
ÞCWL8C8lu publlshes SusLalnablllLy 8eporL blennlally. ÞCWL8C8lu came ouL wlLh lLs ñrsL 'SusLalnablllLy 8eporL' for Lhe l? 2008-
09 ln March, 2010 and Lhereaûer, Lhe 2nd 'SusLalnablllLy 8eporL' was released ln March, 2013 for Lhe years 2009-11.
1hese reporLs are avallable on ÞCWL8C8lu webslLe aL hup://www.powergrldlndla.com/_layouLs/ÞowerCrld/user/CulckLlnks
ueLall. aspx? Langlu=Lngllsh&CaLegory=uocumenLs.
Secnon L: Þr|nc|p|e-w|se performance
Þr|nc|p|e 1- 8us|ness shou|d conduct and govern themse|ves w|th eth|cs, 1ransparency and Accountab|||ty
1. Does the po||cy re|anng to eth|cs, br|bery and corrupnon cover on|y the company? ¥es] No. Does |t extend to the Group]
Io|nt Ventures]Supp||ers]Contractors]NGCs]Cthers?
ÞCWL8C8lu ls commlued Lo observe Lransparency and conslsLency ln all lLs operauons. Slnce, ÞCWL8C8lu ls a deslgnaLed publlc
auLhorlLy, Lhe provlslons of Lhe 8lghL Lo lnformauon AcL, 2003 are also appllcable. 1he Chlef Þubllc lnformauon Cmcers (CÞlC) aL
Lhe CorporaLe and reglonal level ensure smooLh access Lo lnformauon ln a umely manner.
ÞCWL8C8lu follows pollcles/rules relaung Lo eLhlcs, brlbery and corrupuon Lo sLrengLhen eLhlcal conducL aL all levels lncludlng
Lhe followlng:
a) Code of 8us|ness Lth|cs & Conduct: ÞCWL8C8lu has lald down Lwo separaLe Code of 8uslness LLhlcs & ConducL - one for
8oard Members and anoLher for Senlor ManagemenL Þersonnel (lncludlng Lhose depuLed ln Subsldlarles/ !olnL venLures) ln
allgnmenL wlLh Company's vlslon & Mlsslon and alms aL enhanclng eLhlcal and LransparenL process ln managlng Lhe añalrs of
Lhe Company.
b) 1he Conduct and D|sc|p||ne Appea| ru|es (CDA ku|es): 1he CuA 8ules of ÞCWL8C8lu deñne Lhe deslrable and non-deslrable
acLs and conducL for Lhe employees and exLend Lo all employees worklng wlLh lL (lncludlng Lhose depuLed ln Subsldlarles/
!olnL venLures). 1he aspecLs of 8rlbery and Corrupuon are also covered under CuA rules. 1here ls a lald procedure for acuons
ln Lhe case of non-compllance wlLh Lhe deñned Lerms as well as for any mlsconducL.
c) Wh|st|e 8|ower Þo||cy : WhlsLle 8lower Þollcy provldes a sysLem for deLecuon and prevenuon of fraud LhaL ls deLecLed or
suspecLed and falr deallng of mauers perLalnlng Lo fraud and exLends noL [usL Lo all our employees buL also Lo our vendors
deñned Lhereln Lo lnclude Suppllers/ConLracLors/ConsulLanLs/ Servlce Þrovlders or ouLslde agency(les) havlng buslness deallng
wlLh Lhe Company. 1hls pollcy provldes a plauorm Lo employees and vendors for reporung fraud or suspecLed fraud or any
oLher fraudulenL acuvlLy wlLhouL fear of reLrlbuuon and help ln ellmlnaung any klnd of uneLhlcal conducL ln Lhe sysLem.
8esldes, several lnluauves have been Laken/are belng Laken by ÞCWL8C8lu Lo sLrengLhen lnLegrlLy, Lransparency and falrness ln
lLs buslness pracuces whlch lncludes Lhe followlng:
(l) Well deñned ºuelegauon of Þowers" ls ln place dellneaung Lhe powers of Lhe Lop execuuves and below for carrylng ouL work
ln sysLemauc manner.

(ll) ÞCWL8C8lu has prepared and lmplemenLed ºWorks and ÞrocuremenL Þollcy and Þrocedure (WÞÞÞ) for Þre-award and
ÞosL-award SLages" wlLh a vlew Lo maklng Lhe pollcles and procedures more sysLemauc, LransparenL and easy Lo admlnlsLer
unlformly LhroughouL lLs buslness operauons wlLh ma[or LhrusL on expedluous and decenLrallzed declslon maklng coupled
wlLh accounLablllLy and responslblllLy.
(lll) ºlnLegrlLy ÞacL" has been slgned wlLh 1ransparency lnLernauonal whlch ls consldered as a useful Lool ln ensurlng Lransparency
ln awardlng conLracLs. ConLracLs above Lhe value of `100 Crore are also monlLored by a panel of ºlndependenL LxLernal
MonlLors (lLMs)".
(lv) Manuals and Þrocedures are ln place for ConsLrucuon, Cperauon & MalnLenance.
(v) e-procuremenL mechanlsm for mosL of Lhe pro[ecL procuremenLs has been lmplemenLed.
(vl) e-8everse aucuon mechanlsm ls ln place.
(vll) LnLerprlse 8esource Þlannlng (L8Þ) SysLem across Lhe Crganlsauon ls under lmplemenLauon.
(vlll SysLem exlsLs for Cn-llne ÞaymenL of uocumenL lees & Submlsslon of Soû Copy of 8ld.
(lx) Aûer Award, summary of evaluauon ls posLed on Lhe webslLe.
(x) ÞCWL8C8lu focuses more on Þrevenuve and Þro-acuve vlgllance, aparL from ueLecuve, Þredlcuve and Þunluve vlgllance.
Almlng aL beuer Lransparency ln worklng of Lhe Crganlsauon and Lo lnculcaLe a sense of LLhlcs, lnLegrlLy and sound CorporaLe
Covernance several sLeps are belng Laken for lmprovlng Lhe sysLem and vlgllance admlnlsLrauon Lhrough varlous Lechnologles.
lor more deLalls, secuon on º8enewed CommlLmenL Lo 1ransparency & vlgllance luncuon" ln Lhe ulrecLors' 8eporL may be
referred.
2. now many stakeho|der comp|a|nts have been rece|ved |n the past hnanc|a| year and what percentage was sansfactor||y reso|ved
by the management? If so, prov|de deta||s thereof, |n about S0 words or so.
83 nos. of complalnLs were recelved by vlgllance ueparLmenL from varlous sLakeholders durlng Lhe l? 2012-13 and acuon agalnsL
all Lhe complalnLs was lnluaLed. CuL of Lhese, 33 (approx. 64°) nos. of complalnLs have been dlsposed of as on March 31, 2013,
whlle Lhe remalnlng ls under process.
Þr|nc|p|e 2 -8us|nesses shou|d prov|de goods and serv|ces that are safe and contr|bute to susta|nab|||ty throughout the|r ||fe cyc|e
1. L|st up to 3 of your products or serv|ces whose des|gn has |ncorporated soc|a| or env|ronmenta| concerns, r|sks and]or
opportun|nes.
1ower deslgn ln relauon Lo LlecLrlc & Magneuc llelds(LMl)
CompacL Lower deslgn Lo reduce 8oW and Lo conserve naLural resource llke foresL/land.
1he LnvlronmenL and Soclal Þollcy and Þrocedures of ÞCWL8C8lu (LSÞÞ) ln relauon Lo all acuvlues from ConsLrucuon Lo
Cperauon & MalnLenance sLage.
All Lhe 1ransmlsslon llnes and Sub-sLauons are deslgned and lmplemenLed conslsLenLly complylng wlLh Lhe SLaLuLory laws and
conformlng Lo Lhe nauonal / lnLernauonal SLandards.
2. Ior each such product, prov|de the fo||ow|ng deta||s |n respect of resource use (energy, water, raw mater|a| etc.) per un|t of
product(opnona|):
|. keducnon dur|ng sourc|ng]producnon]d|str|bunon ach|eved s|nce the prev|ous year throughout the va|ue cha|n?
||. keducnon dur|ng usage by consumers (energy, water) has been ach|eved s|nce the prev|ous year?
1hese acuvlues are belng carrled ouL under varlous pollcles / guldellnes and are lmplemenLed from ume Lo ume.
3. Does the company have procedures |n p|ace for susta|nab|e sourc|ng (|nc|ud|ng transportanon)? |. If yes, what percentage of
your |nputs was sourced susta|nab|y? A|so, prov|de deta||s thereof, |n about S0 words or so.
SusLalnablllLy ln sourclng ls enforced Lhrough Lhe LnvlronmenL and Soclal Þollcy and Þrocedures (LSÞÞ) of ÞCWL8C8lu whlch
exLends Lo Suppllers/ConLracLors/vendors Lhrough conLracL condluons. vendors/ Suppllers/ConLracLors are requlred Lo comply
wlLh LSÞÞ, Labour laws, LnvlronmenLal laws & eñecLual SafeLy plans Lhrough supulauons ln Lhe Condluons of ConLracL. ConLracLs
provlde penalues Lo be lmposed on Lhe vendors/ suppllers / conLracLors ln Lhe evenL of breach of Lhe sald provlslons.
4. nas the company taken any steps to procure goods and serv|ces from |oca| & sma|| producers, |nc|ud|ng commun|nes
surround|ng the|r p|ace of work? If yes, what steps have been taken to |mprove the|r capac|ty and capab|||ty of |oca| and sma||
vendors?
We encourage paruclpauon of local vendors for cerLaln works ln & around our esLabllshmenLs Lhrough local compeuuve blddlng
process.
S. Does the company have a mechan|sm to recyc|e products and waste? If yes what |s the percentage of recyc||ng of products
and waste (separate|y as <S¼, S-10¼, >10¼). A|so, prov|de deta||s thereof, |n about S0 words or so.
lurLherlng ÞCWL8C8lu's commlLmenL Lowards SusLalnable uevelopmenL, a ºWasLe Þaper 8ecycllng" planL has been esLabllshed
ln Lhe premlses of our 400/220 kv ClS SubsLauon aL Curgaon havlng recycllng capaclLy Lo handle 40-60 kgs of paper dally. 1he wasLe
paper generaLed from Lhe ÞCWL8C8lu CorporaLe Cmce ls belng used as raw maLerlal. 1he percenLage of recycllng wasLe /used
paper ls < 3 ° ln Lhe ñrsL year of operauon and may be lncreased progresslvely by lnsLalllng more such planLs ln Lhe 8eglons.

Þr|nc|p|e 3- 8us|nesses shou|d promote the we||be|ng of a|| emp|oyees
1. Þ|ease |nd|cate the 1ota| number of emp|oyees.
1oLal numbers of employees as on March 31, 2013 were 9163.
2. Þ|ease |nd|cate the 1ota| number of emp|oyees h|red on temporary]contractua|]casua| bas|s.
1oLal number of employees hlred on conLracLual basls as on March 31, 2013 were 182.
3. Þ|ease |nd|cate the Number of permanent women emp|oyees.
number of permanenL women employees as on March 31, 2013 were 370.
4. Þ|ease |nd|cate the Number of permanent emp|oyees w|th d|sab|||nes.
number of permanenL employees wlLh dlsablllues as on March 31, 2013 were 140.
S. Do you have an emp|oyee assoc|anon that |s recogn|zed by management.
Lmployees under Lhe 'Workmen' caLegory are represenLed Lhrough 1rade unlons and Lhe organlzauon has recognlzed workmen-
managemenL forum.
6. What percentage of your permanent emp|oyees |s members of th|s recogn|zed emp|oyee assoc|anon?
All employees under Lhe 'Workmen' caLegory are members of 1rade unlon. Workmen represenL abouL 30° of Lhe employee
sLrengLh ln ÞCWL8C8lu.
7. Þ|ease |nd|cate the Number of comp|a|nts re|anng to ch||d |abour, forced |abour, |nvo|untary |abour, sexua| harassment |n the
|ast hnanc|a| year and pend|ng, as on the end of the hnanc|a| year.
8. What percentage of your under mennoned emp|oyees were g|ven safety & sk||| up-gradanon tra|n|ng |n the |ast year?
Þr|nc|p|e 4- 8us|nesses shou|d respect the |nterests of, and be respons|ve towards a|| stakeho|ders, espec|a||y those who are
d|sadvantaged, vu|nerab|e and marg|na||sed.
1. nas the company mapped |ts |nterna| and externa| stakeho|ders? ¥es]No
ÞCWL8C8lu has mapped lLs lnLernal and exLernal sLakeholders. We recognlze Shareholders, 8egulaLory AuLhorlues (Col),
CusLomers, Þro[ecLs AñecLed Þersons (ÞAÞs)/Communlues, Lmployees, Suppllers & ConLracLors, 8esearch & uevelopmenL
lnsuLuuons, lundlng Agencles and Medla as our key sLakeholders ln economlc, envlronmenL & soclal dlmenslons.
ÞCWL8C8lu engages wlLh lLs ldenuñed sLakeholders on an ongolng basls and Lhe prlorluzauon of such engagemenL has been done
conslderlng facLors llke uependency, lnßuence, 8esponslblllLy and ÞroxlmlLy. 1here ls a sLrucLured SLakeholder LngagemenL MaLrlx
whlch deLalls speclñc engagemenL mechanlsms lncludlng mode & frequency of engagemenL for each sLakeholder caLegory.
2. Cf the above, has the company |dennhed the d|sadvantaged, vu|nerab|e & marg|na||zed stakeho|ders?
1he Company has ldenuñed Lhe dlsadvanLaged, vulnerable & marglnallzed sLakeholders and are broadly dlvlded lnLo Lwo
caLegorles vlz. lnLernal SLakeholders (Lmployees - Þersons wlLh ulsablllues (ÞWu) / SC/ S1/ Women) and LxLernal SLakeholders
[Þro[ecLs AñecLed Þersons / lamllles (ÞAÞs / ÞAls) : Wldow women headed famllles, SC/S1/ Þersons wlLh ulsablllues (ÞWu) }.
3. Are there any spec|a| |n|nanves taken by the company to engage w|th the d|sadvantaged, vu|nerab|e and marg|na||zed
stakeho|ders. If so, prov|de deta||s thereof, |n about S0 words or so.
ÞCWL8C8lu has Laken followlng lnluauves Lo engage wlLh Lhe dlsadvanLaged, vulnerable and marglnallzed sLakeholders:
lnLernal SLakeholders (Lmployees- Þersons wlLh ulsablllues (ÞWu)/ SC/ S1/ Women) - 1he speclal lnluauves Laken lnclude-
A ume bound mechanlsm for Lhe redressal of grlevances ls ln place as under:
(a) A 8eservauon Cell has been consuLuLed aL Lhe corporaLe, as well as reglonal level Lo comply wlLh Col dlrecuves on
reservauon mauers for SC/S1/C8C/Lx-servlcemen/ Þersons wlLh ulsablllues (ÞWu). 1hls cell ls under conLrol of
nomlnaLed llalson omcer. 1he Llalson Cmcers are avallable on a pre-ñxed day and ume for lnLeracuon once ln a week.
Wlde publlclLy regardlng avallablllLy of Lhe llalson omcer ls ensured amongsL SC/S1 employees. 8egular meeung wlLh SC/
S.No. Category No of comp|a|nts h|ed
dur|ng the hnanc|a| year
No of comp|a|nts pend|ng as
on end of the hnanc|a| year
1. Chlld labour/forced labour/lnvolunLary labour nlL nlL
2. Sexual harassmenL nlL nlL
3. ulscrlmlnaLory employmenL nlL nlL
Lmp|oyees ¼ of Lmp|oyees g|ven safety & sk||| up-gradanon
tra|n|ng |n the |ast year |.e. I¥ 2012-13
ÞermanenL Lmployees 83°
ÞermanenL Women Lmployees 80°
Casual/1emporary/ConLracLual Lmployees 73°
Lmployees wlLh ulsablllues 82°
+e
S1/C8C Lmployee's Assoclauon are conducLed. 'Awareness Þrogramme' are organlzed Lo acqualnL Lhe SC/S1/ C8C/ÞWu
employees abouL Lhe relaxauons and concesslons avallable Lo Lhem under CovernmenL dlrecuves.
b) A sexual harassmenL commluee has been consuLuLed Lo handle grlevances relaLed Lo Lhe dlscrlmlnauon of employees
on Lhe basls of gender.
ÞCWL8C8lu ensures dlverslLy aL workplace Lhrough eñorLs Lo recrulL, develop and reLaln Lhe mosL LalenLed people from
Lhe pool of SC/ S1/ C8C/ Lx-servlcemen/ Þersons wlLh ulsablllues (ÞWu) candldaLes, ln accordance wlLh Col dlrecuves on
reservauon mauers. Women employees are exLended cerLaln relaxauon llke posung ln soû locauons, relaxauon ln auendance
eLc. laclllues llke 8amp eLc are provlded for Þersons wlLh ulsablllues.
LxLernal SLakeholders [Þro[ecLs AñecLed Þersons / lamllles (ÞAÞs / ÞAls)- Wldow women headed famllles, SC/S1/ Þhyslcally
Pandlcap} - 1he speclal lnluauves Laken lnclude -
a) 8ehablllLauon and 8eseulemenL (8&8) measures: vulnerable groups llke wldow women headed famllles / SC / S1/ ÞWu
physlcally handlcap / dlsabled famllles who have suñered loss of land / loss of sLrucLure / loss of llvellhood (wage or
occupauon) are consldered for addluonal need based beneñLs.
b) CS8 lnluauves: Cur CorporaLe Soclal 8esponslblllLy (CS8) addresses Lhe lssues of CommunlLy uevelopmenL (lncludlng
employmenL, conservauon and envlronmenL, educauon, healLh eLc.) prlmarlly ln and around our areas of operauons.
Þrlmary focus of Lhe CS8 lnLervenuon of ÞCWL8C8lu was for lncluslve developmenL of under-prlvlleged, vulnerable and
deprlved secuon of Lhe socleLy. A large number of women, glrls, SC/S1/mlnorlLy populauon were beneñued as a resulL
of CS8 lnluauves. varlous CS8 lnluauves such as consLrucuon of communlLy cenLres, class rooms, LolleLs, waLer supply
arrangemenLs ln dlñerenL schools, supply of personal compuLers, sewlng machlnes, Lools and planLs Lo glrls school,
vlllage wldow physlcally challenged women, CovL. l1l (women). Several CS8 capaclLy bulldlng lnluauves by conducung
vocauonal Lralnlng programme such as Loy manufacLurlng, suLchlng, weavlng and embroldery for rural women have
also been Laken up Lo creaLe lncome generauon. Comprehenslve servlces for MaLernal & Chlld healLh care were also
rendered.
Þr|nc|p|e S - 8us|nesses shou|d respect and promote human r|ghts
1. Does the po||cy of the company on human r|ghts cover on|y the company or extend to the Group]Io|nt Ventures]Supp||ers]
Contractors]NGCs]Cthers?
ÞCWL8C8lu has lncorporaLed Puman 8lghLs lssues under relaLed pollcles & pracuces whlch exLend Lo all Lhe employees lncludlng
Lhose depuLed ln Subsldlarles/ !olnL venLures and relauve aspecLs perLalnlng Lo vendors/ Suppllers/ConLracLors Lhrough conLracL
condluon.
1he ConducL and ulsclpllne Appeal rules (ºCuA 8ules") deñne Lhe deslrable and non-deslrable acLs and conducL for Lhe employees
(lncludlng Lhose depuLed ln Subsldlarles/ !olnL venLures). 1here ls a lald procedure for acuons ln case of non-compllance wlLh
Lhe deñned Lerms as well as any lnapproprlaLe or unwelcome sexually-deLermlned behavlor. 1o promoLe falr and equlLable
employmenL relauonshlp, a scheme for Crlevance 8edressal of employees ls ln place whlch ensures a ume bound mechanlsm for
Lhe redressal of grlevances.
ÞCWL8C8lu also goL ceruñed Lo Soclal AccounLablllLy sLandard SA-8000:2008 for lLs human resource and labor managemenL
pollcles and pracuces. vendors /Suppllers / conLracLors are requlred Lo comply wlLh Lhe provlslons of Lhe labour laws/ Puman
rlghLs eLc Lhrough supulauons ln Lhe condluons of conLracL. As per Lhe ConLracL agreemenL, conLracLors are prohlblLed from
sub[ecung Lhelr workers Lo forced or compulsory labour. All conLracLors are requlred Lo comply wlLh varlous compensauon and
regulaLory acLs. All suppllers Lo ÞCWL8C8lu have Lo conñrm Lo Condluons of ConLracL and SA 8000 clauses. ÞCWL8C8lu Lakes
declarauon regardlng Soclal AccounLablllLy from Lhe bldders/conLracLors for compllance of all requlremenLs of Soclal AccounLablllLy
SLandards l.e., SA8000 (laLesL SLandard avallable aL www.sa-lnLl.org), Lhls declarauon forms parL of ConLracL uocumenLs. Þrovlslon
of penalues for non-adherence of Lhe same are also lncluded ln Lhe conLracL condluons.
ÞCWL8C8lu promoLes awareness of Lhe lmporLance of respecung Puman 8lghLs wlLhln lLs value chaln and dlscourage lnsLances
of abuse. 8esldes conducung Lechnlcal and behavloral Lralnlngs, Lhe Lralnlng on Puman 8lghLs lssues Lo sensluze people Lowards
women, Lhe dlñerenLly-abled and Lhe soclally weaker secuons of Lhe socleLy have also been lmparLed.
2. now many stakeho|der comp|a|nts have been rece|ved |n the past hnanc|a| year and what percent was sansfactor||y reso|ved
by the management?
no complalnL was recelved perLalnlng Lo human rlghLs vlolauon durlng Lhe reporung perlod (2012-13).
Þr|nc|p|e 6 - 8us|ness shou|d respect, protect, and make eñorts to restore the env|ronment
1. Does the po||cy re|ated to Þr|nc|p|e 6 cover on|y the company or extends to the Group]Io|nt Ventures]Supp||ers]Contractors]
NGCs]others.
1he LnvlronmenL and Soclal Þollcy and Þrocedures (LSÞÞ) of ÞCWL8C8lu encompass Lhe company, lLs !olnL venLure Company -
Þowerllnks 1ransmlsslon LlmlLed and relauve aspecLs perLalnlng Lo vendors/ Suppllers/ConLracLors Lhrough conLracL condluon.
+J
2. Does the company have strateg|es]|n|nanves to address g|oba| env|ronmenta| |ssues such as c||mate change, g|oba| warm|ng,
etc? ¥]N. If yes, p|ease g|ve hyper||nk for webpage etc.
ÞCWL8C8lu has Laken varlous lnluauves ln Lhe area of envlronmenL susLalnablllLy. 1aklng lnLo conslderauon Lhe lmpacL on
naLural resources (llke foresL and land) due Lo our pro[ecL acuvlues, we have Laken measures Lo reduce deforesLauon and
lncrease añoresLauon as well as adopL new Lechnologles and measures Lo reduce Lhe 8lghL of Way (8oW) requlremenLs. Several
lnluauves Laken Lowards LnvlronmenL Conservauon lncludlng energy managemenL, waLer managemenL, emlsslon conLrol, wasLe
managemenL, maLerlal conservauon and oLher Lechnologlcal lnluauves are as under:
a) Lnergy Management: 1o opumlze energy consumpuon, energy emclency measures llke converslon/reLroñmng
equlpmenL, process redeslgn eLc. are belng Laken up. AparL from Lhls, a slgnlñcanL reducuon ls achleved Lhrough varlous
lnluauves such as swlLchlng Lo ClL lamps from convenuon lamp, lnsLallauon of solar llghLs and solar Ceysers, opumlzauon
of AC LemperaLure eLc. aL our faclllues, semng up of a 10 kW Pybrld Cenerauon ÞlanL conslsung of 4 kW Solar ÞhoLo
volLalc & 6 kW Wlnd Cenerauon aL Mapusa (Coa) subsLauon whlch generaLes abouL 30 kWh per day and ls uullzed aL
CommunlLy CenLre, Chlldren Þark and few sLreeL llghLs.
b) Water Management: We have Laken Lhe lnluauve Lo conserve preclous waLer resources Lhrough 8aln WaLer Parvesung
sysLem whlch ls now an lnLegral parL of every new subsLauon deslgn.
c) Lm|ss|on Contro|: Þower 1ransmlsslon pro[ecLs don'L lnvolve any acuvlLy whlch dlrecLly emlLs wasLe/Loxlc subsLances llke
SCx, nCx, CC2, eLc. lnLo Lhe aLmosphere. lor uC seLs used ln consLrucuon acuvlues/ CorporaLe omce/ 8eglonal omces,
adequaLe malnLenance ls ensured Lo comply wlLh Lhe emlsslon norms prescrlbed by Þolluuon ConLrol 8oard. 8egardlng
CPC emlsslon l.e. leakage of Sl6 gas used ln ClrculL 8reakers, we have CPC reducuon plan ln place Lo arresL leakage,
sysLemaucally monlLorlng eLc. lurLher, we do noL use Czone uepleung SubsLances (CuS) llke ClCs, lncludlng Palon ln our
equlpmenL and all our new equlpmenL & refrlgerauon are ClC free ceruñed.
d) Waste Management: We have puL ln place followlng sysLems for wasLe segregauon/dlsposal of wasLe maLerlal :
- MeLal scraps Lhrough aucuon for 8ecycllng
- used bauerles as per 8auerles (ManagemenL and Pandllng) 8ules, 2001
- used Lransformer oll whlch ls Pazardous wasLe by auLhorlzed recycler/re-processor as per Pazardous WasLe
(ManagemenL, Pandllng & 1ransboundary movemenL) 8ules, 2008
As a parL of lndla's commlLmenL Lo lnLernauonal guldellnes, we have also phased ouL ÞolychlorlnaLed 8l-phenyl (ÞC8), a
ÞerslsLenL Crganlc ÞolluLanLs (ÞCÞ's) used as lnsulaung medlum ln elecLrlcal equlpmenL from all lLs esLabllshmenLs and
has dlsconunued procurlng elecLrlcal equlpmenL conLalnlng ÞC8 more Lhan 2 mg/kg(ÞC8 free).
e) Mater|a| Conservanon: ConLrlbuuon Lo Lhe conservauon of Lhe naLural resource base and eñorLs Lo reduce Lhe maLerlal
lnLenslLy ls an lnLegral parL of Company's susLalnablllLy sLraLegy. Ma[or raw maLerlals used for Lhe consLrucuon of
Lransmlsslon llne and subsLauon lnclude SLeel, Alumlnum and concreLe whlch are seml-manufacLured goods. 1he speclñc
consumpuon of Lhese raw maLerlals have been reduced over Lhe years Lhrough Lechnologlcal lnnovauon uslng hlgh
capaclLy Lransmlsslon llnes l.e. 763 kv, ±800 PvuC for Lransmlmng bulk power.
f) 1echno|og|ca| In|nanves: We have made eñorLs for conservauon of energy ln our pro[ecLs - rlghL from Lhe plannlng sLage, Lo
Lhe execuuon sLage and LhroughouL Lhe C&M perlod. We are lmplemenung ±800kv PvuC sysLems and 763kv u/c llnes Lo
mlnlmlze 8oW and envlronmenLal problems. ln addluon, 1200 kv uPvAC Lechnology, hlghesL AC volLage level ln Lhe world ls
under developmenL whlch wlll enable Lransfer of 7000-8000 MW power over slngle corrldor. 1hese laLesL Lechnologles wlll
have wlde lnßuence ln mlnlmlzlng envlronmenLal and soclal lmpacL of hlgh volLage Lransmlsslon llne and Lhese lnluauves
wlll show exLenslve resulLs ln opumlzlng of 8oW and lLs assoclaLed envlronmenLal and soclal lmpacL. 8esldes, Lhe Company
ls Laklng ploneerlng sLeps ln brlnglng SmarL Crld Lechnology ln all faceLs of power supply value chaln ln Lhe counLry.
lor more deLalls, SusLalnablllLy 8eporLs avallable on Lhe ÞCWL8C8lu webslLe- www.powergrldlndla.com , may be referred.
8esldes, ÞCWL8C8lu has been Laklng several oLher lnluauves lncludlng despaLch of annual reporLs/posLal balloL nouces & oLher
communlcauons Lo shareholders ln elecLronlc mode under 'Creen lnluauve ln Lhe CorporaLe Covernance' Lhereby reduclng
wasLage of naLural resources.
3. Does the company |dennfy and assess potenna| env|ronmenta| r|sks? ¥]N
A deLalled 8lsk AssessmenL and ManagemenL procedure ls ln place Lo ldenufy and assess poLenual envlronmenLal rlsks, as parL of
LSÞÞ of ÞCWL8C8lu. LSÞÞ lays down a framework for ldenuñcauon, assessmenL and managemenL of envlronmenLal and soclal
rlsks and lmpacLs assoclaLed wlLh ÞCWL8C8lu's pro[ecLs based on Lhe avoldance, mlnlmlzauon and mlugauon prlnclple and
hlerarchy. LSÞÞ framework lncludes procedures for: (a) Screenlng and ldenuñcauon of 8lsks (from envlronmenLal recepLors, soclal
recepLors and oLher sLakeholders), (b) avoldance of rlsks (lncludlng crlLerla and procedures for alLernauve rouung), (c) mlugauon
of rlsk Lhrough lmpacL managemenL, lmplemenLauon of Cood lnLernauonal lndusLry Þracuces (CllÞ), adequaLe compensauon Lo
añecLed sLakeholders, publlc consulLauon and dlsclosure, and grlevance redress, (d) monlLorlng, reporung, evaluauon, feedback,
managemenL revlew and correcuve acuon, and (e)responslblllLy and resource allocauon lncludlng an organlzauon sLrucLure for
managemenL of soclal and envlronmenLal rlsks.
5J
ÞCWL8C8lu ls ceruñed wlLh lnLegraLed ManagemenL SysLem as per Þubllcly Avallable Speclñcauon, ÞAS 99:2006 lnLegraung
requlremenL of lSC 9001:2008 for CuallLy, lSC 14001:2004 for LnvlronmenL ManagemenL, CPSAS 18001:2007 for SafeLy and
PealLh ManagemenL SysLem.
4. Does the company have any pro[ect re|ated to C|ean Deve|opment Mechan|sm? If so, prov|de deta||s thereof, |n about S0 words
or so. A|so, |f ¥es, whether any env|ronmenta| comp||ance report |s h|ed?
ÞCWL8C8lu ls consLrucung ± 800 kv PvuC hlgh capaclLy Lransmlsslon sysLem for evacuauon & Lransfer of abouL 3000 MW of
power from hydro pro[ecLs under consLrucuon for Lransfer of surplus power avallable ln norLh-LasLern 8eglon (nL8) Lo norLhern
8eglon (n8). ÞCWL8C8lu ln assoclauon wlLh Lhe World 8ank subscrlbed lL as a Clean uevelopmenL Mechanlsm (CuM) pro[ecL
Lo avall carbon credlLs under kyoLo ÞroLocol. Powever, Lhe pro[ecL ls sull awalung cerLaln clarlñcauons from CenLral LlecLrlclLy
AuLhorlLy on base llne lssues due Lo lnLegrauon of nL8 and n8 grlds.
S. nas the company undertaken any other |n|nanves on - c|ean techno|ogy, energy emc|ency, renewab|e energy, etc. ¥]N. If yes,
p|ease g|ve hyper||nk for web page etc.
ÞCWL8C8lu has underLaken lnluauves on energy emclency, renewable energy, eLc.
Lnergy Lmc|ency:
A dedlcaLed Lnergy Lmclency Cell has been creaLed ln ÞCWL8C8lu wlLh Lhe ob[ecuve Lo creaLe lnroads lnLo reducuon of Carbon
fooLprlnLs and Lo promoLe Lnergy Lmclency ln all secLors. ÞCWL8C8lu ls adopung energy emclenL appllances for new consLrucuons
Lo be more energy emclenL and reLroñmng Lhe exlsung esLabllshmenLs wlLh energy emclenL devlces such as LLu llghLs, Llghung
energy savers, luel Conservauon devlces for uC seLs ln a phased manner. ÞCWL8C8lu ls also ln Lhe process of lnsLalllng solar
power planLs ln Lhelr CorporaLe Cmce and ln few oLher bulldlngs Lo promoLe green energy. lL ls expecLed LhaL Lhe eñorLs shall yleld
ln reducuon of carbon emlsslon and lmprove energy emclency.
kenewab|e Lnergy:
lnLegrauon of 8enewable Lnergy 8esources wlLh grld ls Lhe Lop prlorlLy worldwlde for energy securlLy and also for carbon emlsslon
reducuon. ÞCWL8C8lu has Laken a lead lnluauve and developed a comprehenslve masLer plan whlch has been released by
MlnlsLry of Þower and MlnlsLry of non-convenuonal & 8enewable Lnergy (Mn8L) for lnLegrauon of renewable comlng up counLry-
wlde ln xll Þlan lnLo Lhe grld Lhrough Creen Lnergy Corrldors aL an esumaLed cosL of abouL ` 43,000 Crore. 1he plan covers boLh
lnLra-sLaLe & lnLer-sLaLe Lransmlsslon sysLems along wlLh lssues for grld lnLerconnecuon of lnLermluenL and varlable renewable
generauon and lLs mlugauon measures. 1o address Lhe lnLermluency and varlablllLy characLerlsucs of renewable generauon,
oLher conLrol lnfrasLrucLure llke lorecasung of renewable generauon and demand, 8eal ume measuremenL/monlLorlng Lhrough
Synchrophasor Lechnology, llexlble generauon, anclllary reserves, uemand-slde & demand response managemenL and energy
sLorage, esLabllshmenL of 8enewable Lnergy ManagemenL CenLers (8LMC) eLc are also ldenuñed.
lor more deLalls on above, ÞCWL8C8lu webslLe- www.powergrldlndla.com , may be referred.
6. Are the Lm|ss|ons]Waste generated by the company w|th|n the perm|ss|b|e ||m|ts g|ven by CÞC8]SÞC8 for the hnanc|a| year
be|ng reported?
1here are no emlsslons or wasLe generaLed by ÞCWL8C8lu. 1he only emlsslon LhaL can be aurlbuLed ls Lowards uullzauon of uC
seLs for power backup, whlch ls also malnLalned wlLhln permlsslble llmlLs.
7. Number of show cause] |ega| nonces rece|ved from CÞC8]SÞC8 wh|ch are pend|ng (|.e. not reso|ved to sansfacnon) as on end
of I|nanc|a| ¥ear.
nlL
ÞCWL8C8lu dld noL recelve any show cause/ legal nouce from CÞC8/SÞC8.
Þr|nc|p|e 7 - 8us|nesses, when engaged |n |nßuenc|ng pub||c and regu|atory po||cy, shou|d do so |n a respons|b|e manner
1. ls your company a member of any Lrade and chamber or assoclauon? lf ?es, name only Lhose ma[or ones LhaL your buslness deals
wlLh:
ÞCWL8C8lu ls a member of varlous lndusLry bodles lncludlng Lhe followlng:
1. lederauon of lndlan Chambers of Commerce and lndusLry (llCCl)
2. Confederauon of lndlan lndusLry (Cll)
3. Cll CÞSL Councll
4. 1he Lnergy and 8esource lnsuLuLe (1L8l)
3. 1L8l 8uslness Concll for SusLalnable uevelopmenL
6. 1he AssoclaLed Chambers of Commerce & lndusLry of lndla (ASSCCPAM)
7. ÞPu Chamber of Commerce & lndusLry (ÞPuCCl)
8. CenLral 8oard of lrrlgauon & Þower (C8lÞ)
9. World Lnergy Councll- lndla Member Commluee (WLC-lMC)
51
10. lndlan lnsuLuLe of ÞlanL Lnglneers (llÞL)
11. SLandlng Conference of Þubllc LnLerprlses (SCCÞL)
12. lndla Lnergy lorum (lLl)
13. Clobal CompacL neLwork (CCn)
2. nave you advocated]|obb|ed through above assoc|anons for the advancement or |mprovement of pub||c good? ¥es]No, |f yes
spec|fy the broad areas.
(dropbox: Governance and Adm|n|stranon, Lconom|c keforms, Inc|us|ve Deve|opment Þo||c|es, Lnergy secur|ty, Water, Iood
Secur|ty, Susta|nab|e 8us|ness Þr|nc|p|es, Cthers)
ÞCWL8C8lu paruclpaLes Lhrough assoclauons ln (1) above on Lhe lssues and pollcy mauers LhaL lmpacL Lhe lnLeresL of lLs
sLakeholders.
keeplng ln vlew Lhe slgnlñcanL lnLeresLs of ÞCWL8C8lu ln Lhe 1ransmlsslon secLor, a separaLe 8egulaLory cell ls ln place Lo
underLake ÞCWL8C8lu's endeavor of a pro-acuve approach as parL of pollcy advocacy wlLh Lhe sLakeholders and CL8C. Wherever
felL necessary, we glve our commenLs on varlous approach papers, draû regulauons eLc lssued by CL8C/oLher auLhorlues. 8esldes,
ÞCWL8C8lu also glves lLs commenLs ln Lhe ñeld of Covernance & AdmlnlsLrauon, Lconomlc 8eforms, lncluslve uevelopmenL
Þollcles, Lnergy securlLy, WaLer, SusLalnable 8uslness Þrlnclples eLc, as and when soughL by Col.
Þr|nc|p|e 8- 8us|nesses shou|d support |nc|us|ve growth and equ|tab|e deve|opment
1. Does the company have spec|hed programmes]|n|nanves]pro[ects |n pursu|t of the po||cy re|ated to Þr|nc|p|e 8? If yes deta||s
thereof.
8y Lhe very naLure of our buslness and as Lhe CenLral 1ransmlsslon uullLy, we Louch mllllons of llves every day and undersLand LhaL
real success ls Lhe resulL of lncluslve developmenL of Lhe lnvolved enuues and sLakeholders. 1he Company supporLs Lhe prlnclples
of lncluslve growLh and equlLable developmenL Lhrough corporaLe soclal responslblllLy lnluauves as well as Lhrough our core buslness.
Cur commlLmenL Lowards Soclal 8esponslblllLy (Labour, Lmployees, Communlues, Lmployee's famllles) ls amply reßecLed ln our
already adopLed lnLegraLed ManagemenL Þollcy, LnvlronmenLal and Soclal Þollcy & Þrocedures (LSÞÞ), 8ehablllLauon Acuon Þlan
(8AÞ), vlslon & Mlsslon, CSPAS-18001 and Soclal AccounLablllLy SA 8000. CorporaLe Soclal 8esponslblllLy ls prlmarlly Lo showcase
our abldlng commlLmenL and concern Lo pay-back Lo Lhe socleLy and envlronmenL for Lhe beneñLs reaped so far. CS8 has always
been an lnLegral parL of our vlslon and Lhe cornersLone of Core values of Cood CorporaLe Cluzenshlp. We are commlued Lowards
Laklng responslblllLy for lLs lmpacL, Lhough very mlnlmal ln naLure, on socleLy and belng accounLable Lo Lhe lnhablLanLs of MoLher
naLure. We emphaslze on soclo-economlc and lnLegral developmenL of areas and communlues prlmarlly ln and around lLs areas
of operauons, carrles ouL varlous communlLy developmenL acuvlues such as Sklll uevelopmenL & CapaclLy 8ulldlng, Llvellhood
generauon, PealLhcare, Lducauon, LnvlronmenL, ÞlanLauon, sanlLauon, drlnklng waLer besldes lnfrasLrucLure developmenLs llke
classrooms, roads, communlLy cenLres eLc.
2. Are the programmes]pro[ects undertaken through |n-house team]own foundanon]externa| NGC]government structures]any
other organ|zanon?
1he programs / pro[ecLs are underLaken by ln-house Leams as well as Lhrough nCCs, oLher organlzauons/foundauons eLc.
3. nave you done any |mpact assessment of your |n|nanve?
lmpacL AssessmenL sLudles have been carrled ouL. ÞCWL8C8lu lnLernally performs lmpacL assessmenL of lLs lnluauves annually
Lo - (l) undersLand /evaluaLe Lhe communlLy developmenL acuvlues underLaken, budgeL uullzauon, Lhe beneñLs accrued Lo
communlues and Lhe number of people beneñLed and (ll) galn lnslghLs for formulaung & lmprovlng Lhe communlLy developmenL
acuvlues ln fuLure.
4. What |s your company's d|rect contr|bunon to commun|ty deve|opment pro[ects- Amount |n INk and the deta||s of the pro[ects
undertaken?
An amounL of ` 21.73 Crore has been lncurred under CS8 acuvlues and abouL ` 14.63 Crore provlded as 8ehablllLauon AsslsLance
(8A) under 8ehablllLauon & 8eseulemenL (8&8) measures durlng Lhe l? 2012-13. ln addluon Lo Lhe measures Laken for 8&8,
communlLy developmenL works are also underLaken for Lhe overall lmprovemenL of surroundlng vlllages and communlLy. 8ased
on soclal assessmenL ouLcome, we lmplemenL need based developmenL works llke consLrucuon of roads, drlnklng waLer faclllLy,
school bulldlng, communlLy cenLer eLc. ln assoclauon wlLh local auLhorlues. ln addluon, `10.63 Crore was spenL on communlLy
developmenL works durlng Lhe year.
1he secuon on ºCorporaLe Soclal 8esponslblllLy" ln Lhe ulrecLors' 8eporL may also be referred.
S. nave you taken steps to ensure that th|s commun|ty deve|opment |n|nanve |s successfu||y adopted by the commun|ty? Þ|ease
exp|a|n |n S0 words, or so.
8egular awareness programs as well as lncluslve Þubllc ConsulLauon aL each and every sLep as per Lhe LnvlronmenL and Soclal
Þollcy and Þrocedures (LSÞÞ) have been carrled ouL. Cne or more of Lhe followlng was adopLed aL varlous sLages:
- Þubllc Meeungs
5Z
- lnformal Small Croup Meeungs
- lnformauon 8rochures and ÞamphleLs
- Cperaung lleld Cmcers
- Local plannlng vlslLs and slLe vlslLs
- 8esponse Lo publlc Lnqulres
- Þress release lnvlung commenLs
- Þro[ecL coordlnauon commluees
- Cmbudsman or represenLauve
- Þubllc ulsplays
Þr|nc|p|e 9- 8us|nesses shou|d engage w|th and prov|de va|ue to the|r customers and consumers |n a respons|b|e manner
1. What percentage of customer comp|a|nts]consumer cases are pend|ng as on the end of hnanc|a| year.
nlL
2. Does the company d|sp|ay product |nformanon on the product |abe|, over and above what |s mandated as per |oca| |aws? ¥es]
No]N.A. ]kemarks(add|nona| |nformanon)
noL Appllcable.
3. Is there any case h|ed by any stakeho|der aga|nst the company regard|ng unfa|r trade pracnces, |rrespons|b|e adverns|ng and]
or ann-compennve behav|our dur|ng the |ast hve years and pend|ng as on end of hnanc|a| year. If so, prov|de deta||s thereof,
|n about S0 words or so.
no
4. D|d your company carry out any consumer survey] consumer sansfacnon trends?
As parL of ÞCWL8C8lu's sLrucLured SLakeholder LngagemenL MaLrlx, we engage wlLh our cusLomers on an ongolng basls and
generally hold meeungs on a regular basls. 1he ob[ecuve of sald meeungs lnLer alla lncludes ldenuñcauon of process lmprovemenL
areas, undersLandlng concerns & behavlor of Lhe cusLomers. 8ased on feedback, Company Lakes measures for sysLem lmprovemenL,
wherever requlred.
lor and on behalf of Lhe 8oard of ulrecLors
Þlace: new uelhl (k. N. Nayak)
uaLe: 06.08.2013 Chalrman & Managlng ulrecLor
5J
ANNLkUkL - III to the D|rectors' keport
S|. Name Des|gnanon & Çua||hcanon kemuneranon 1ota| Date of Age Last
No. Nature of dunes Lxper|ence Commencement Lmp|oyment
of Lmp|oyment ne|d
(In Þowergr|d)
(`) (¥ears) (¥ears)
Lmp|oyed for the fu|| year
1 lndu Shekhar !ha ulrecLor(Þro[ecLs) 8Sc.Lngg., ulploma 6367309 32 16-Aug-91 34 n1ÞC
(ManagemenL)
Lmp|oyed for part of the year
2 v C !agannaLhan Lu(lln.) CA.,8Sc. 7337473 31 10-CcL-91 60 n1ÞC
3 k C sadanandan Sr.vC Craduauon LqulvalenL Lxam 1097697 34 19-nov-91 60 nPÞC
4 1 Slvaprasada rao Lu (Law) LL8.,8Sc. 4271863 33 26-leb-97 60 Coal lndla LLd.
3 SmL. An[ana uhar Lu (l8) M8A.,8.1ech 3073368 38 6-May-04 60 n1ÞC
6 v k Sharma CM (uMS) 8Sc.Lngg. 3733334 36 16-Aug-91 60 n1ÞC
7 varlnder 1yagl uCM( MaLl.) 8Sc.Lngg. 3837409 38 19-uec-91 60 nPÞC
8 Sushll kumar Sr.ÞS (SC) 8A 1779307 39 1-Apr-94 60 CLA
9 Þrolaya kumar ue uCM (1elecom) 8A (P) 4468290 30 1-uec-92 60 nLC
10 Manlk Ma[umdar !unlor Lnglneer (SC) - 1417034 28 19-nov-91 60 nPÞC
11 Amar !lL CM(ulrecLor-Þk1C LLd. 8L (LlecL.) 1084273 30 16-Aug-91 32 n1ÞC
- on depuLauon)
12 A[ay ÞraLap Slngh ACM(P8) M8A.,MSc. 4094389 29 29-Apr-02 60 8lSCC MAun
13 8a[endra Slngh uCM-SS l/C 8L (LlecL.) 2343742 28 14-nov-91 60 nLLÞCC
14 8 Slngh uCM-S1 & 8CCv? 8Sc.Lngg.(LlecL.) 3402489 27 16-Aug-91 60 n1ÞC
13 S k 8oy ACM 8 1ech (LlecL.) 2679733 34 16-Aug-91 60 n1ÞC
16 8.n.8aner[ee. ACM 8.L (Llec) 2943814 38 16-Aug-91 60 n1ÞC
17 Þ.k.Mukhopadhyay uCM AMlL(Mech) 2196370 33 16-Aug-91 60 n1ÞC
18 8 k Sarkar Sup Sel-Cr 8.A. 860738 37 19-nov-91 60 nPÞC
19 k 8 uasgupLa ACM(P8) ÞCuÞM.,MSW 3373998 32 19-nov-91 60 nPÞC
20 Þ.SaLyanarayana uCM 8.CCM,ACA 2381711 21 16-Aug-91 60 n1ÞC
21 1.v.S.narayana Chlef Manager MA(ÞÞM), Þhd Þ8, 8.Com 3233744 21 16-Aug-91 60 n1ÞC
22 ?.C.Sukla Chlef Manager 8.1ech 3830098 19 1-Sep-93 43 n1ÞC
23 A.k.Carg uCM (P8) 8.A.L.L.8 3633090 21 19-nov-91 36 nPÞC
24 S.8.ueb Sr.Assu PSLC 1680898 21 18-nov-91 60 nPÞC
23 k.k.Choudhury Lu 8L, Mech 6316930 21 14-nov-91 60 nLLÞCC
26 n.Mazumdar Sr.Assu PSLC 1107390 21 14-nov-91 60 nLLÞCC
27 Sunll Sarma Sr.Assu PSLC 800343 21 14-nov-91 60 nLLÞCC
28 A S Þurl Sr. Sup(P8)SC/P8 Works 8A ÞarL-l 1202336 40 19-nov-91 60 nPÞC
29 A k Slndhwanl Chlef Manager/1L Works ulp.Lngg(Clvll) 2087972 33 19-nov-91 60 nPÞC
30 kuldeep kaur Sr.AssL(SC)/Cmce Works MaLrlc 1162138 34 19-nov-91 60 nPÞC
31 !oga Slngh !r. Lngr.(SC)/1L Works MaLrlc(l1l) 1089969 34 19-nov-91 60 nPÞC
32 S C Slngh Lxecuuve ulrecLor 8L(LlecLrlcal) 3338761 34 16-Aug-91 39 n1ÞC
(ulrecLor !aypee Þower
-on depuLauon)
33 u Chauopadhyay Chlef Manager 8L.,ÞCuÞM 724827 33 16-Aug-91 60 n1ÞC
l/C lC1L lLarsl
34 Suresh Þal Chlef Manager ulploma Lngg. 2132321 24 16-Aug-91 60 nPÞC
33 8amesh 8ahrl Lu 8Sc.Lngg. 1200383 38 16-Aug-91 60 n1ÞC
36 S.Slngh Lu 8.L. 1383379 34 16-Aug-91 60 n1ÞC
Notes:
1) 8emunerauon lncludes Salary,Allowances, Leave encashmenL,Leave Lravel consesslon, ÞaymenL for Subsldlsed leased accomodauons, relmbursemenL of edlcal
expenses Lo employees and employer's conLrlbuuon Lo ÞrovldenL fund and oLher funds. ln addluon, employees are enuLled Lo CraLulLy/Croup lnsurance ln
accordance wlLh Company's rules.
2) none of Lhe Lmployees llsLed above ls relaLed Lo any of Lhe ulrecLors of Lhe Company.
3) 8emunerauon menuoned above ls lncluslve of reuremenL/ separauon beneñLs pald durlng Lhe year and ls noL lndlcauve of any regular remunerauon sLrucLure of
employees of Lhe Company.
lor and on behalf of Lhe 8oard of ulrecLors
Þlace: new uelhl (k. N. Nayak)
uaLe: 06.08.2013 Chalrman & Managlng ulrecLor
Þarncu|ars of Lmp|oyees pursuant to Secnon 217(2A)
of the Compan|es Act, 19S6 for the year 2012-13
5+
ANNLkUkL - IV to the D|rectors' keport
1. Þarncu|ars requ|red under the Compan|es (D|sc|osure of Þarncu|ars |n the keport of 8oard of D|rectors) ku|es, 1988 read w|th Secnon
217(1)(e) of the Compan|es Act, 19S6.
A. CCNSLkVA1ICN CI LNLkG¥
(a) Lnergy conservanon measures taken and on hand:
lL has been Lhe endeavour of ÞCWL8C8lu Lo make all ouL eñorLs for conservauon of energy ln all lLs pro[ecLs - rlghL from Lhe plannlng
sLage, Lo Lhe execuuon sLage and LhroughouL Lhe C&M perlod. 8efore ñnallzlng Lhe Lransmlsslon schemes, varlous alLernauves/
Lechnologles for power Lransfer are examlned and one of Lhe ma[or crlLerla for selecuon of Lransmlsslon sysLem/ Lechnology ls lower
losses. ln facL, ÞCWL8C8lu has adopLed hlgher volLage levels llke 763kv AC, +300kv PvuC, +800kv PvuC and 1200kv AC ln lLs
Lransmlsslon sysLems for bulk power Lransfer across varlous reglons whlch resulL ln lower losses ln Lhe sysLem.
AL deslgn sLage of Lhe Lransmlsslon sysLem, opumlzauon of varlous parameLers ls done so LhaL losses ln Lhe Lransmlsslon sysLem are
opumlzed. 1he conducLors are selecLed aûer deLalled opumlzauon sLudles whlch conslder reducuon of llne losses as one of Lhe prlmary
crlLerla. 1he bus bar maLerlals and Lhe clamps and connecLors are chosen meeung sLrlngenL lnLernauonal requlremenLs so LhaL losses
are opumlzed. uurlng evaluauon of Lransformer & shunL reacLor packages, equlpmenL wlLh mlnlmum losses ls glven welghLage. ln case
of PvuC sysLem also, Lhe selecuon of parameLers of ñlLer componenLs, 1hyrlsLor valves, ConverLer 1ransformer eLc. ls done ln such
a way LhaL overall losses are mlnlmlzed even under worsL condluon of sysLem operaung parameLers. lurLher, ln case of Lransmlsslon
hardware, Lhe maLerlal wlLh lower losses ls speclñed. ÞarameLers and Lypes of varlous oLher equlpmenLs are also chosen ln a manner
LhaL Lhe losses are opumlzed. 1hus, energy conservauon measures are Laken by ÞCWL8C8lu aL every sLep so as Lo develop an emclenL
and low-loss Lransmlsslon neLwork.
(b) Add|nona| |nvestment and proposa|s, |f any, be|ng |mp|emented for reducnon of consumpnon of Lnergy:
As sLaLed above, ÞCWL8C8lu underLakes energy conservauon measures by means of reducuon of losses ln lLs Lransmlsslon schemes
rlghL from plannlng Lo execuuon sLage.
8. kLSLAkCn AND DLVLLCÞMLN1
1 & 2 lL has been ÞCWL8C8lu's endeavour Lo pursue Lhe research and developmenL eñorLs ln Lhe ñeld of new Lechnologles ln
Lransmlsslon sysLem Lo remaln aL par wlLh lnLernauonal sLandards. Also, reallzlng Lhe need for conservauon of 8lghL-of-Way and fuLure
requlremenL of developmenL of hlgh capaclLy Lransmlsslon sysLem Lo meeL Lhe fuLure power requlremenL, ÞCWL8C8lu ls acuvely
pursulng seamless lnLegrauon of new and emclenL Lechnologles ln lndlan power Crld Lo creaLe envlronmenL-frlendly Lransmlsslon
sysLem. ÞCWL8C8lu has been accordlng speclal emphasls on adopuon of new Lechnologles avallable around Lhe globe for lmprovlng
Lhe quallLy of power supply, reducuon of losses, opumum uullzauon of Lhe avallable Lransmlsslon asseLs, conservauon of envlronmenL
and opumlzlng upon Lhe cosL of dellvered power. 1he company ls worklng ln collaborauon wlLh lnLernauonal/ nauonal research
lnsuLuuons, academlc lnsuLuuons and manufacLurers, and ls Lhus enhanclng lLs ln-house capablllues for deslgn and englneerlng of
sLaLe-of-Lhe-arL Lransmlsslon sysLems.
Speclñc Areas ln whlch 8&u has been carrled ouL by Lhe company and beneñLs derlved Lhereby are glven below:
Comp|eted Þro[ects:
1. PvuC pro[ecL wlLh L11 LhyrlsLor ln 8alla-8hlwadl PvuC
2. lour converLer Lransformer arrangemenL arranged ln such a conñgurauon LhaL ouLage ume of Lransformer ls mlnlmlzed.
3. CompleLed ln-house deslgn of 13 no. Lowers for Lransmlsslon llnes
4. CompleLed ln-house deslgn of approx. 730 nos. Lower foundauons for Lransmlsslon llnes upLo 763kv lncludlng 220 nos of plle
foundauons.
3. CompleLed Lesung of 18 nos of Lowers for varlous Lransmlsslon llnes lncludlng 800kv PvuC and 763kv LPvAC
6. uevelopmenL of lndlgenous vendors for 763kv 1ransformers, 8eacLors, ClrculL 8reaker, CurrenL 1ransformer and Wave 1rap.
Cngo|ng pro[ects
1. Ind|genous Deve|opment of 1200kV UnVAC 1echno|ogy - LsLabllshmenL of 1200kv nauonal 1esL SLauon aL 8lna s/s Lhrough unlque
collaborauve eñorLs wlLh lndlgenous ManufacLurers & CÞ8l creaLed faclllLy for ñeld Lesung of uPv 1200 kv equlpmenL developed by
lndlan manufacLurers. 1hls nauonal LesL sLauon comprlses Lwo 1200kv bays, Lwo nos. 1200kv 1esL Llnes (one S/C & one u/C) of abouL
1 km llne lengLh each. LqulpmenL developed by lndlan manufacLurers have been lnsLalled and Lhe ñeld Lrlals are ln progress.
Þhase-l: Cne bank of 1200/400/33kv 333MvA 1ransformers have been commlssloned alongwlLh one 1200kv 1ransmlsslon llne (S/C)
of abouL 1.0 km lengLh.
Þhase-ll: Cne 1200kv 1ransmlsslon llne (u/C) of abouL 1.0 km lengLh has also been commlssloned and anoLher bank of 1200/400/33kv
333MvA 1ransformer shall be commlssloned wlLh Lhls year Lo faclllLaLe power ßow.
under Lhls presuglous pro[ecL of nauonal lnLeresL, 33 lndlan manufacLurers have [olned hands on basls of Þubllc ÞrlvaLe ÞarLnershlp
& slgned MCu wlLh ÞCWL8C8lu and CÞ8l Lo deslgn, develop and supply 1200kv 1ransmlsslon LqulpmenLs aL Lhelr own cosL. 1hls
1esL SLauon wlll faclllLaLe ln ñnallzauon of Lechnlcal parameLers, deslgn revlew, ñeld Lesung, and Lrlal operauon eLc. of 1200kv AC
sysLem SLauon and help manufacLurers for lndlgenous developmenL of 1200 kv Lransmlsslon llne and subsLauon equlpmenL whlch
shall beneñL lndlan Þower secLor by opumlzauon of Lransmlsslon cosL. WlLh successful LesL charglng of World's hlghesL volLage level
(1200kv) sysLem, Lhe dream of lndla becomlng world leader ln 1200kv uPvAC power Lransmlsslon Lechnology ls achleved.
2. Plgh CapaclLy, +800kv, 6000 MW PvuC mulu Lermlnal sysLem for long dlsLance power Lransfer over 2000 km. from nL8/L8 Lo n8.
3. Plgh CapaclLy, +800kv, 6000 MW PvuC for long dlsLance power Lransfer over 2000 km. from W8 Lo n8.
4. 8e-conducLorlng of exlsung 400kv u/c Þurnea-Slllgurl llne wlLh hlgh LemperaLure endurance conducLor Lo enhance Lhe capaclLy of Lhe
Lransmlsslon corrldor by abouL Lwo umes.
55
3. uevelopmenL of ln-house Lower and foundauon deslgns lncludlng 763kv u/C and 400kv Mulu ClrculL Lowers for use ln on-golng
Lransmlsslon llne pro[ecLs.
6. uevelopmenL of 4 more addluonal lndlgenous vendors for 400kv ComposlLe lnsulaLors
7. ueslgn of PlghesL 8lver crosslng Lower across Paldla (PelghL belng 236 meLers).
8. Several exlsung SubsLauons ln dlñerenL 8eglons are belng augmenLed for remoLe operauon from nearby SubsLauons so as Lo reduce
Lhe operauon cosL.
9. uevelopmenL of ClS ln assoclauon wlLh lndlan manufacLurers
10. lndlgenous uevelopmenL of Sl6 gas ñlled CurrenL 1ransformer wlLh 8PLL
11. ºCreen Lnergy Corrldors" Lo faclllLaLe lnLegrauon of large scale renewable generauon lnLo Lhe grld along wlLh oLher conLrol
lnfrasLrucLure.
12. lmplemenLauon of ConLrolled SwlLchlng schemes of clrculL breakers for 400kv Lransmlsslon llnes.
13. Lnglneerlng uaLa lnLegrauon on ClS Þlauorm.
14. LlghLnlng mapplng - norLh LasLern 8eglon of ÞCWL8C8lu ls hlghly prone Lo llghLnlng acuvlues whlch causes Lrlpplngs of 1ransmlsslon
llnes ln nL8 reglon. LlghLenlng deLecuon sysLem aL varlous subsLauons ln nL8 have been lnsLalled. LlghLnlng Mapplng sysLem shall help
ln correlaung Lrlpplng of llne wlLh llghung acuvlues. Þrevenuve measures llke lmprovemenL of Lower earLhlng, change of lnsulaLors shall
be declded based on Lhe evaluauon of llghLnlng daLa.
13. Þrocess bus 1echnology - ÞCWL8C8lu ls ln process Lo lmplemenL sLaLe of Lhe arL process bus Lechnology uslng novel Sensor (opucal
lnsLrumenL Lransformers) for Lhe subsLauon auLomauon uslng lLC 61830 proLocol. 1hls ls new approach for a subsLauon whereln Lhe
bay level equlpmenL shall also be connecLed Lhrough opucal LLherneL. 1hls wlll enable a slgnlñcanL reducuon of copper wlrlng ln Lhe
subsLauon and a beuer dlagnosls of Lhe prlmary equlpmenL healLh condluon.
16. Superconducung 1ransmlsslon 1echnology - ÞCWL8C8lu ls explorlng Lhe vlablllLy of appllcauon of AC Plgh 1emperaLure SuperconducLor
Þower 1ransmlsslon Cable plloL pro[ecL ln ÞCWL8C8lu's neLwork, whlch wlll oñer subsLanual savlng ln 8CW besldes lncreaslng power
Lransfer capablllLy, reduclng Lhe losses lf proven successful & commerclally vlable.
18. Þolluuon mapplng ln norLhern 8eglon - 1o mlnlmlze Lhe probablllLy of occurrence of polluuon ßashover ln llnes passlng Lhrough
polluuon añecLed areas ÞCWL8C8lu ln assoclauon wlLh CÞ8l, norLhern 8eglonal Þower Commluee (n8ÞC) & all Lhe S1us of norLhern
reglon ls conducung Þolluuon mapplng ln norLhern reglon.
19. uevelopmenL of lndlgenous vendors for 763kv lsolaLors and surge arresLors
20. uevelopmenL of lndlgenous 763 kv clamps, connecLors and lnsulaLor sLrlng hardware.
21. Spare phase swlLchlng arrangemenL ls belng adopLed for 763 kv Lransformers and reacLors Lo mlnlmlze ouLage/ shuL down perlod
22. lmplemenLauon of smarL grld Lechnology ln power sysLem ls belng carrled ouL Lhrough lnsLallauon of phasor measuremenL unlLs (ÞMu)
on LPv subsLauons and laylng of opucal ñbres on all LPv Lransmlsslon llnes.
23. uevelopmenL of SmarL Crld plloL pro[ecL aL Þuducherry coverlng ma[or aurlbuLes of SmarL Crld ln a hollsuc manner Lhrough open
Collaborauon.
1echno|ogy Absorpnon :
1. lor rouLe selecuon, lengLh opumlsauon and esumauon of 8CC for Lransmlsslon llnes, ÞCWL8C8lu has employed modern Survey
Lechnlques.
2. SubsLauon AuLomauon wlLh lLC 61830 proLocol ls belng adopLed for all new Sub-sLauons of ÞCWL8C8lu. 1hls would resulL ln savlngs
ln operauonal cosL and lncreased operauonal and malnLenance emclency.
3. As a sLep Lowards nauonal grld, 763kv AC and +300kv PvuC Lechnology has been lmplemenLed ln our counLry. now, 763kv AC u/c,
+800kv PvuC and 1200kv uPvAC Lechnologles are belng lmplemenLed for bulk power Lransfer across Lhe counLry.
4. ln speclal areas, compacL Lowers llke pole Lowers, delLa conñgurauon Lowers and narrow based Lowers whlch reduce Lhe space occupled
by Lhe Lower base, are belng used. Also Lall Lowers and mulu-clrculL Lowers are belng used for conservauon of scarce rlghL-of-way.
3. use of meLalllc reLurn ln PvuC sysLem has been adopLed.
6. Speclal lnsulaLors llke polymer composlLe lnsulaLors have been adopLed ln Lransmlsslon llnes ln polluLed areas.
7. Plgh LemperaLure low sag conducLors have been adopLed for lncreaslng Lhe Lransfer capaclLy of Lransmlsslon corrldors.
8. ClS Lechnology aL 400kv and 763kv level has been adopLed ln subsLauons where space consLralnLs exlsL.
9. Mulu-level beams have been used ln ClS and AlS subsLauons wlLh mulu-ckL. llnes Lo opumlze llne corrldor areas near sub-sLauon
10. Cn llne Lransformer monlLorlng Lechnlques are belng used for monlLorlng of crlucal parameLers of power Lransformers.
11. SvCs aL 3 locauons ln n8 grld and S1A1CCMs aL 13 locauons ln all lndla grld have been planned for dynamlc conLrol of reacuve power ln
order Lo malnLaln Lhe volLage and lmprove Lhe sLablllLy of Lhe Lransmlsslon grld. 1hese dynamlc compensauons would be sLaLe of Lhe
arL Lechnologles and would be onllne 24x7 havlng response ume ln msec.
C. CCNSLkVA1ICN CI LAND AND LNVIkCNMLN1AL CCNCLkNS
lor Lhe ground reLurn mode of operauon of PvuC 8lpolar 1ransmlsslon sysLem, elecLrode sLauons are belng used up Lo now, whlch
requlre approx. 130 acre of land (73 acre for each Lermlnal of 8lpolar sysLem) aL elecLrode slLe. 1he land for Lhese elecLrode sLauons
have Lo be selecLed keeplng ln vlew LhaL Lhere are no meLalllc burled ob[ecLs l.e. meLalllc oll and gas plpe llne, meLalllc plpes, rallway
llne, Lelephone llnes uslng meLalllc wlres, elecLrlcal operaLed waLer pump seLs eLc wlLhln a radlus of abouL 8 Lo 10 km from Lhe cenLre
of Lhe proposed slLe of Lhe earLh elecLrode sLauon. Slnce Lhe lnverLer Lermlnal ls generally locaLed near Lhe load cenLres, Lhe cosL of
land acqulsluon ls very hlgh.

lurLher, Lhe elecLrode llne of Lhe PvuC 1ermlnal also requlres lLs rlghL of way whlch creaLes Lhe consLralnL ln land usage. Lven aûer Laklng
full care ln land selecuon for locaung earLh elecLrode sLauon, Lhere ls sull a blg elemenL of uncerLalnLy abouL Lhe proper funcuonallLy
of Lhe earLh elecLrode sLauon and may resulL lnLo undeslrable surface currenLs leadlng Lo unaccepLably hlgh sLep and Louch poLenual
around Lhe elecLrode slLe and lL has been reporLed ln Lhe ground reLurn operauon of a number of PvuC sysLem all over Lhe world.
Ma[or fuLure PvuC llnk are proposed Lo evacuaLe bulk power from Chhamsgarh area. 8ecause of geographlcal locauon and Lhe deep
soll reslsuvlLy proñle of Lhe area, Lhe performance of PvuC monopolar ground currenL operauon mlghL be a cause of concern. Selecung
sulLable land for elecLrode sLauon ln Lhls area fulñlllng Lhe Lechnlcal requlremenLs of hlgh Cround 8eLurn CurrenLs ln monopolar
operauon of PvuC shall be dlmculL.
lor fuLure +800 kv / +600 kv pro[ecLs, Lhe usage of Lhlrd reLurn conducLor on Lhe same Lower carrylng Lhe llne/ pole conducLor, lnsLead
of havlng a ground elecLrode as reLurn paLh has been adopLed. AparL from ellmlnaung Lhe elemenL of uncerLalnLy abouL Lhe proper
funcuonallLy of Lhe earLh elecLrode sLauon, Lhe usage of Lhlrd conducLor as a reLurn paLh wlll resulL ln conservauon of land requlred
for convenuonal elecLrode sLauon. lL wlll avold a separaLe elecLrode llne and correspondlng rlghL of way relaLed Lo Lhe elecLrode llne
resulung ln furLher land conservauon.
ln place of convenuonal AlS subsLauons, mosL of Lhe LPvAC subsLauons are belng esLabllshed as ClS whlch have abouL 23° land
requlremenL, Lhus resulung ln land conservauon. lor kurukshLra PvuC Lermlnal, ClS subsLauon feedlng Lhe converLer bus ls belng
lmplemenLed.
lor proLecung Lhe envlronmenL, double clrculL and mulu-clrculL hlgh Lransmlsslon Lowers are belng used ln foresL areas, whlch have
hlgher power lnLenslLy over Lhe same corrldor, Lhus opumlslng rlghL-of-way and resulung ln reduced Lree cumng. Also, use of u/c
llnes ln place of Lwo no. S/c llnes even aL 763kv level has been adopLed Lo conserve rlghL-of-way. near Lhe enLry of subsLauons also,
muluclrculL Lowers are belng used Lo conserve rlghL-of-way.
ICkLIGN LkCnANGL LAkNINGS AND CU1GC
` ln Crore
Iore|gn Lxchange Larn|ngs
(l) lnLeresL 0.01
(ll) ConsulLancy lee 7.40
(lll) LxporL of Coods 86.44
1oLal 93.8S
Iore|gn Lxchange outgo
(l) CaplLal goods and Spare ÞarLs 1349.19
(ll) Þrofesslonal and ConsulLancy lee 0.03
(lll) lnLeresL 260.33
(lv) CLhers 146.03
1oLal 19SS.80

lor and on behalf of Lhe 8oard of ulrecLors
Þlace: new uelhl (k. N. Nayak)
uaLe: 06.08.2013 Chalrman & Managlng ulrecLor

CCMMLN1S CI 1nL CCMÞ1kCLLLk AND AUDI1Ck GLNLkAL CI INDIA UNDLk SLC1ICN 619(4) CI
1nL CCMÞANILS AC1, 19S6 CN 1nL ACCCUN1S CI ÞCWLk GkID CCkÞCkA1ICN CI INDIA LIMI1LD ICk
1nL ¥LAk LNDLD 31 MAkCn 2013
1he preparauon of ñnanclal sLaLemenLs of Þower Crld Corporauon of lndla LlmlLed for Lhe year ended 31 March 2013 ln accordance wlLh
Lhe ñnanclal reporung framework prescrlbed under Lhe Companles AcL, 1936 ls Lhe responslblllLy of Lhe ManagemenL of Lhe Company.
1he SLaLuLory AudlLors appolnLed by Lhe CompLroller and AudlLor Ceneral of lndla under Secuon 619(2) of Lhe Companles AcL, 1936 are
responslble for expresslng oplnlon on Lhese ñnanclal sLaLemenLs under Secuon 227 of Lhe Companles AcL, 1936 based on lndependenL audlL
ln accordance wlLh audlung and assurance sLandards prescrlbed by Lhelr professlonal body, Lhe lnsuLuLe of CharLered AccounLanLs of lndla.
1hls ls sLaLed Lo have been done by Lhem vlde Lhelr AudlL 8eporL daLed 28 May 2013.
l, on behalf of Lhe CompLroller and AudlLor Ceneral of lndla, have conducLed a supplemenLary audlL under Secuon 619(3) (b) of Lhe
Companles AcL, 1936 of Lhe ñnanclal sLaLemenLs of Þower Crld Corporauon of lndla LlmlLed for Lhe year ended 31 March 2013. 1hls
supplemenLary audlL has been, carrled ouL lndependenLly wlLhouL access Lo Lhe worklng papers of Lhe SLaLuLory AudlLors and ls llmlLed
prlmarlly Lo lnqulrles of Lhe SLaLuLory AudlLors and company personnel and a selecuve examlnauon of some of Lhe accounung records.
Cn Lhe basls of my audlL noLhlng slgnlñcanL has come Lo my knowledge whlch would glve rlse, Lo any commenL upon or supplemenL Lo
SLaLuLory AudlLors' reporL under Secuon 619(4) of Lhe Companles AcL, 1936.
lor and on Lhe behalf of Lhe
CompLroller & AudlLor Ceneral of lndla

Sd/-
(8r|[ Mohan)
Þlace: new uelhl Þr|nc|pa| D|rector of Commerc|a| Aud|t &
uaLed: 17, !une 2013 Lx-omc|o Member Aud|t 8oard - III,
New De|h|
ANNLkUkL - V to the D|rectors' keport
5e
1he ulrecLors presenL Lhe Company's 8eporL on CorporaLe Covernance.
1. 1nL CCMÞAN¥'S GCVLkNANCL ÞnILCSCÞn¥
CorporaLe Covernance ls abouL promoung corporaLe falrness, Lransparency and accounLablllLy ln Lhe besL lnLeresL of varlous sLakeholders ln a
Company. lL ls a sysLem by whlch buslness corporauons are dlrecLed and conLrolled. ÞCWL8C8lu belleves LhaL good governance should enLall
LrusLeeshlp, empowermenL and accounLablllLy of Lhe managemenL whlle remalnlng proacuve Lo Lhe CovernmenL pollcles. ÞCWL8C8lu's
Covernance process ls focused Lowards lLs vlslon of "Wor|d C|ass, Integrated, G|oba| 1ransm|ss|on Company W|th Dom|nant Leadersh|p |n
Lmerg|ng Þower Markets Lnsur|ng ke||ab|||ty, Safety and Lconomy" and lLs mlsslon l.e. "We w||| become a G|oba| 1ransm|ss|on Company
w|th Dom|nant Leadersh|p |n Lmerg|ng Þower Markets w|th Wor|d C|ass Capab|||nes by:
1. Wor|d C|ass: Semng super|or standards |n cap|ta| pro[ect management and operanons for the |ndustry and ourse|ves.
2. G|oba|: Leverag|ng capab|||nes to cons|stent|y generate max|mum va|ue for a|| stakeho|ders |n Ind|a and |n emerg|ng and grow|ng
econom|es.
3. Insp|r|ng, nurtur|ng and empower|ng the next generanon of profess|ona|s.
4. Ach|ev|ng connnuous |mprovements through |nnovanon and state of the art techno|ogy.
S. Comm|mng to h|ghest standards |n hea|th, safety, secur|ty and env|ronment."
1he CorporaLe Covernance of ÞCWL8C8lu ls geared by Lhe followlng:
(l) 1o meeL Lhe shorL Lerm, medlum Lerm & long Lerm ob[ecuves and speclñc LargeLs every year seL by Lhe CovernmenL of lndla
and Lhe persons aL Lhe helm of lLs añalrs, l.e. Lhe 8oard, by empowerlng people aL Lhe mosL approprlaLe levels keeplng Lhe [ob
proñle/funcuons ln vlew.
(ll) 1o respond Lo Lhe challenges and Lhe emerglng opporLunlues and Lo play a plvoLal role ln Lhe economlc developmenL of Lhe CounLry.
1he corporaLe governance sLrucLure speclñes Lhe dlsLrlbuuon of rlghLs, responslblllues and powers among dlñerenL paruclpanLs ln Lhe
corporauon. All sLraLeglc declslons regardlng lnvesLmenL, dlverslñcauon, ma[or declslons regardlng procuremenL, commerclal and ñnance
are proceeded ahead aûer approval of Lhe 8oard.
ÞCWL8C8lu ls a ºnAv8A1nA ÞSL" slnce May, 2008. 1he nAv8A1nA sLaLus has provlded Lhe Company more ßexlblllLy and auLonomy ln Lerms
of maklng lnvesLmenLs and operauonal declslons. now, Lhe 8oard of ulrecLors of ÞCWL8C8lu are Lhe approvlng AuLhorlLy Lo lncur caplLal
expendlLure on purchase of new lLems or for replacemenL wlLhouL any moneLary celllng. 1he celllng on equlLy lnvesLmenL Lo esLabllsh [olnL
venLures and wholly owned subsldlarles ln lndla or abroad ls 13° of Lhe neL worLh of ÞCWL8C8lu ln one pro[ecL llmlLed Lo `1000 crore. 1he
overall celllng on such lnvesLmenL ln all pro[ecLs puL LogeLher ls 30° of Lhe neL worLh of ÞCWL8C8lu.
1he 8oard of ulrecLors comprlses Chalrman and Managlng ulrecLor, luncuonal ulrecLors, CovL. nomlnee ulrecLors and non Cmclal ÞarL
1lme ulrecLors. 1he rlghLs and obllgauons of Lhe employees are dellneaLed ln Lhe pollcy Manuals publlshed and Lhe amendmenLs are
nouñed, from ume Lo ume. 1he powers of Lhe lnLernal paruclpanLs l.e. Lop execuuves and below are lald down ln Lhe well esLabllshed and
pracuced ºuelegauon of Þowers". ÞCWL8C8lu has also prepared and lmplemenLed ºWorks and ÞrocuremenL Þollcy and Þrocedure for
Þre-award and ÞosL-award SLages" wlLh a vlew Lo maklng Lhe pollcles and procedures more sysLemauc, LransparenL and easy Lo admlnlsLer
wlLh ma[or LhrusL on expedluous and decenLrallzed declslon maklng coupled wlLh accounLablllLy and responslblllLy. 1he 8oard has also
consuLuLed several Commluees vlz. AudlL Commluee, Shareholders'/lnvesLors' Crlevance Commluee, Commluee on lnvesLmenL on
Þro[ecLs, Commluee on Award of ConLracLs, Commluee for 8onds, Commluee for Award of ConLracLs relaung Lo 8ural LlecLrlñcauon (8L),
AcceleraLed Þower uevelopmenL & 8eforms Þrogramme (AÞu8Þ) and oLher ueposlL Works, CS8 and SusLalnable uevelopmenL Commluee,
vlgllance ulsclpllnary Cases Commluee eLc. Lo have beuer and more focused auenuon. Advlsory 8oards of emlnenL persons are ln place for
LnvlronmenL and Soclal Þollcy and Þrocedures, 8&u and for 1elecom Lo advlse ÞCWL8C8lu on crlucal lssues/consensus bulldlng ln Lhese areas.
8esldes adherlng Lo provlslons of Llsung AgreemenL, ÞCWL8C8lu also follows Lhe Culdellnes on CorporaLe Covernance lssued by ueparLmenL
of Þubllc LnLerprlses, CovernmenL of lndla. ÞCWL8C8lu have been besLowed wlLh 'CeruñcaLe of 8ecognluon for Lxcellence ln CorporaLe
Covernance, 2012' presenLed by 1he lnsuLuLe of Companles SecreLarles of lndla (lCSl). ÞCWL8C8lu also obLalned 'LxcellenL' raung from
ueparLmenL of Þubllc LnLerprlses on Lhe basls of Self-evaluauon reporL on Lhe compllance of Culdellnes on CorporaLe Covernance for CÞSLs
for Lhe ?ear 2010-11. 1he compllance of Lhe Company wlLh Lhe condluons of Lhe CorporaLe Covernance and Lhe dlsclosure requlremenLs
for Lhe ?ear 2012-13 are glven below:
2. 8oard of D|rectors:
2.1 S|ze of the 8oard
ÞCWL8C8lu ls a CovernmenL Company wlLhln Lhe meanlng of Secuon 617 of Lhe Companles AcL, 1936 and Lhe ÞresldenL of lndla presenLly
holds 69.42° of Lhe LoLal pald-up share caplLal. As per Arucles of Assoclauon, Lhe power Lo appolnL ulrecLors resLs wlLh Lhe ÞresldenL of
lndla.
ln Lerms of Arucles of Assoclauon of Lhe Company, Lhe sLrengLh of our 8oard shall noL be less Lhan four ulrecLors and noL more Lhan
elghLeen ulrecLors. 1hese ulrecLors may be elLher whole-ume ulrecLors or parL-ume ulrecLors.
2.2 Compos|non of the 8oard
As on 31
sL
, March, 2013, Lhe 8oard comprlsed fourLeen ulrecLors ouL of whlch ñve were whole-ume ulrecLors lncludlng Lhe Chalrman &
Managlng ulrecLor, Lwo CovernmenL nomlnees and seven lndependenL ulrecLors.
Clause 49 l (A) of Lhe Llsung AgreemenL wlLh SLock Lxchanges, supulaLes LhaL half of Lhe 8oard members of your Company should be
lndependenL ulrecLors. lor Lhe llnanclal ?ear 2012-13 Lhe requlremenL of lndependenL ulrecLors as per Lhls clause was parually meL. ueLalls
regardlng lndependenL ulrecLors on Lhe 8oard of Lhe Company durlng Lhe llnanclal ?ear 2012-13 are as under:
ANNLkUkL - VI to the D|rectors' keport
kLÞCk1 CN CCkÞCkA1L GCVLkNANCL
5J
2.3 Age L|m|t and 1enure of D|rectors
1he age llmlL of Lhe Chalrman & Managlng ulrecLor and oLher whole-ume ulrecLors ls 60 years.
1he Chalrman & Managlng ulrecLor and oLher whole-ume ulrecLors are appolnLed for a perlod of ñve years from Lhe daLe of Laklng over
of charge or ull Lhe daLe of superannuauon of Lhe lncumbenL or ull furLher orders from Lhe CovernmenL of lndla, whlchever evenL occurs
earller.
CovernmenL nomlnee ulrecLors represenung MlnlsLry of Þower, CovernmenL of lndla reure from Lhe 8oard on ceaslng Lo be omclals of Lhe
MlnlsLry of Þower.
lndependenL ulrecLors have been appolnLed by Lhe ÞresldenL of lndla usually for Lenure of Lhree years.
1he Lenure of ulrecLors as on 31
sL
March, 2013 are as follows:
2.4 8oard Meenngs and Auendance:
1he meeungs of Lhe 8oard of ulrecLors are normally held aL Lhe 8eglsLered Cmce of Lhe Company. Meeungs are generally scheduled well
ln advance and Lhe nouce, deLalled 8oard agenda, managemenL reporLs and oLher explanaLory 8oard noLes are clrculaLed Lo Lhe ulrecLors.
1he members of Lhe 8oard have compleLe access Lo all lnformauon of Lhe Corporauon. Senlor managemenL ls also lnvlLed Lo Lhe 8oard
meeungs Lo provlde addluonal lnpuL Lo Lhe lLems belng dlscussed by Lhe 8oard. ln case of urgency, resoluuons are passed by clrculauon.
uurlng Lhe ñnanclal year ended 31sL March, 2013 ñûeen 8oard meeungs were held on 4Lh May, 29Lh May, 27Lh !une, 23Lh !uly, 6Lh AugusL,
31sL AugusL, 26Lh SepLember, 14Lh CcLober, 31sL CcLober, 6Lh uecember, and 27Lh uecember, of Lhe year 2012, and 3rd !anuary, 12Lh
lebruary, 8Lh March and 28Lh March, of Lhe year 2013. 1he maxlmum lnLerval beLween any Lwo meeungs durlng Lhls perlod was 38 days.
ueLalls of number of 8oard meeungs auended by ulrecLors, auendance aL lasL ACM, number of oLher dlrecLorshlp / commluee membershlp
(vlz. AudlL Commluee and Shareholders'/lnvesLors' Crlevance Commluee as per Clause 49 l (C) - Lxplanauon - 2) held by Lhem durlng Lhe
year 2012-13 are LabulaLed below:
* ceased Lo be ulrecLor w.e.f. 8
Lh
!uly, 2013 (Aûernoon) on repaLrlauon Lo parenL cadre.
Period kequ|rement
Actua|
1
sL
Aprll, 2012 Lo 13
Lh
!anuary, 2013 7 2
16
Lh
!anuary, 2013 Lo 31
sL
March, 2013 7 7
Deta||s of D|rectors

Name
Date of Io|n|ng
on the Board
Date of superannuanon] comp|enon
of 1enure
Category (Iuncnona|]
Cmc|a|] Non-omc|a|)
Des|gnanon
1. Whole 1lme ulrecLors
Chalrman & Managlng
ulrecLor
Shrl 8. n. nayak 01.09.2011 uaLe of superannuauon - 30.09.2013.
ulrecLor (Þro[ecLs) Shrl l. S. !ha 01.09.2009
Compleuon of Lenure - 31.08.2014.
uaLe of superannuauon - 30.06.2019.
ulrecLor (llnance) Shrl 8. 1. Agarwal 29.07.2011
Compleuon of Lenure - 28.07.2016.
uaLe of superannuauon - 31.08.2016.
ulrecLor (Þersonnel) Shrl 8avl Þ. Slngh 01.04.2012
Compleuon of Lenure - 31.03.2017.
uaLe of superannuauon - 31.01.2020.
ulrecLor (Cperauons) Shrl 8. Þ. Sasmal 01.08.2012
Compleuon of Lenure - 31.07.2017.
uaLe of superannuauon - 28.02.2018.
2. CovL. nomlnees ÞarL -
ume ulrecLors
!S &lA, MlnlsLry of Þower Shrl 8akesh !aln * 09.06.2009 1lll Lhe ÞresldenL deslres
!S (1rans.) MlnlsLry of
Þower
Ms. 8lLa Acharya 26.08.2011 1lll Lhe ÞresldenL deslres
3. non-omclal ÞarL-ume
ulrecLors
non-omclal ÞarL-ume
ulrecLor (lndependenL
ulrecLor)
Shrl SanLosh Saraf
27.12.2011
lor a perlod of Lhree years wlLh eñecL
from Lhe daLe of appolnLmenL or unul
furLher orders, whlchever evenL occurs
Lhe earller.
Ms. 8lLa Slnha
Shrl 8. k. CupLa
16.01.2013
ur. k. 8amallngam
Shrl 8. krlshnamoorLhy
Shrl A[ay kumar Mlual
Shrl Mahesh Shah
Name of the D|rector
Meenng he|d
dur|ng respecnve
tenure of
D|rectors
No. of 8oard
Meenngs
auended
Auendance
at the |ast
AGM (he|d on
19.09.12)
No. of other
D|rectorsh|p
he|d on
31.03.13*
No. of Cther Comm|uee Mem-
bersh|p he|d on 31.03.2013**
Chairman Member
Whole 1lme ulrecLors
Shrl 8. n. nayak,
Chalrman & Managlng
ulrecLor
(w.e.f. 01.09.2011)
13 13 ?es 9 nlL nlL
ëJ
n/A lndlcaLes LhaL concerned person was noL a ulrecLor on ÞCWL8C8lu's 8oard on Lhe relevanL daLe.
* Lxcludes ulrercLorshlp ln prlvaLe llmlLed companles, forelgn companles, companles reglsLered under Secuon 23 of Lhe Companles AcL, 1936, unllmlLed
companles and AlLernaLe ulrecLorshlps.
** ln llne wlLh Clause 49 of Lhe Llsung AgreemenL, only Lhe AudlL Commluee and Shareholders'/lnvesLors' Crlevance Commluee have been Laken lnLo
conslderauon ln reckonlng Lhe number of commluee membershlps of ulrecLors as Chalrman and as Member lncludlng commluee posluon ln ÞCWL8C8lu.
none of Lhe ulrecLors of Lhe company are ln any way relaLed wlLh each oLher.
Name of the D|rector
Meenng he|d
dur|ng respecnve
tenure of
D|rectors
No. of 8oard
Meenngs
auended
Auendance
at the |ast
AGM (he|d on
19.09.12)
No. of other
D|rectorsh|p
he|d on
31.03.13*
No. of Cther Comm|uee Mem-
bersh|p he|d on 31.03.2013**
Chairman Member
Shrl l. S. !ha, ulrecLor
(Þro[ecLs)
(w.e.f. 01.09.2009)
13 13 ?es 7 nlL 2
Shrl 8. 1. Agarwal
ulrecLor (llnance)
(w.e.f. 29.07.2011)
13 13 ?es 3 1 3
Shrl 8avl Þ. Slngh
ulrecLor (Þersonnel)
(w.e.f. 01.04.2012)
13 14 ?es 3 nlL 2
Shrl 8. Þ. Sasmal
ulrecLor (Cperauons)
(w.e.f. 01.08.2012)
11 11 ?es 2 nlL nlL
non-execuuve ulrecLors
(CovernmenL nomlnees)
Shrl 8akesh !aln
!L. Secy.& lln. Adv., Mln-
lsLry of Þower
(w.e.f. 09.06.2009 Lo
08.07.2013)
13 13 No 1 1 2
Ms. 8lLa Acharya
!L. Secy., MlnlsLry of
Þower (w.e.f. 26.08.2011)
13 13 ?es 2 nlL nlL
Independent D|rectors
Shrl SanLosh Saraf
(w.e.f. 27.12.2011)
13 13 ?es 2 4 nlL
Ms. 8lLa Slnha
(w.e.f. 27.12.2011)
13 14 ?es nlL nlL 1
Shrl 8. k. CupLa
(w.e.f. 16.01.2013)
3 3 n/A nlL nlL nlL
ur. k. 8amallngam
(w.e.f. 16.01.2013)
3 2 n/A nlL nlL 1
Shrl 8. krlshnamoorLhy
(w.e.f. 16.01.2013)
3 3 n/A 3 1 3
Shrl A[ay kumar Mlual
(w.e.f. 16.01.2013)
3 3 n/A nlL nlL 1
Shrl Mahesh Shah
(w.e.f. 16.01.2013)
3 3 n/A 2 nlL 1
2.S Informanon to be p|aced before the 8oard of D|rectors, |nter a||a, |nc|udes:
1he 8oard has compleLe access Lo any lnformauon wlLh Lhe Company. 1he lnformauon regularly supplled Lo Lhe 8oard lncludes:
1. Annual operaung plans and budgeLs and any updaLes.
2. Annual AccounLs, ulrecLors' 8eporL, eLc.
3. CuarLerly resulLs of Lhe company.
4. MlnuLes of meeungs of audlL commluee and oLher commluees of Lhe 8oard lncludlng mlnuLes of Subsldlary Company.
3. Ma[or lnvesLmenLs, formauon of Subsldlarles and !olnL venLures, SLraLeglc Alllances, eLc.
6. Award of large ConLracLs.
7. ulsclosure of lnLeresL by ulrecLors abouL dlrecLorshlp and commluee posluons occupled by Lhem ln oLher Companles.
8. MonLhly 8eporL on Commerclal SLaLus of Lhe Company.
9. 8eporL on Lhe sLaLus of varlous ongolng pro[ecLs/Scheme and 8udgeL uullzauon.
10. 8eporL on Lhe C&M 8evlew.
ë1
11. Any slgnlñcanL developmenL ln Puman 8esources/ lndusLrlal 8elauons fronL llke slgnlng of wage agreemenL, eLc.
12. non-compllance of any regulaLory, sLaLuLory or llsung requlremenLs and shareholders' servlce such as non-paymenL of
dlvldend, delay ln share Lransfer eLc.
13. ShorL-1erm lnvesLmenL of surplus funds.
14. CLher maLerlally lmporLanL lnformauon.
Þost meenng fo||ow-up system:
13. 1he Covernance process ln Lhe Company lnclude an eñecuve posL-meeung follow-up, revlew and reporung process for acuon Laken /
pendlng on declslons of Lhe 8oard and Lhe 8oard Commluee (s).
3. Comm|uees of the 8oard of D|rectors
1he 8oard has consuLuLed Lhe followlng Commluees:
l) AudlL Commluee
ll) Shareholders'/lnvesLors' Crlevance Commluee
lll) 8emunerauon Commluee
lv) Commluee on lnvesLmenL on Þro[ecLs
v) Commluee on Award of ConLracLs
vl) Commluee for 1ransfer/SpllL/8emaLerlallsauon/uemaLerlallzauon eLc. of Shares
vll) Commluee for 8onds
vlll) Commluee for Award of ConLracLs relaung Lo 8L, AÞu8Þ and oLher ueposlL Works
lx) CS8 and SusLalnable uevelopmenL Commluee
x) vlgllance ulsclpllnary Cases Commluee
3.1 Aud|t Comm|uee:
As on 31
sL
March, 2013, Lhe AudlL Commluee comprlsed Lhe followlng ulrecLors:
(l) Shrl SanLosh Saraf non-omclal ÞarL-ume ulrecLor : Chalrman of Lhe Commluee
(ll) Shrl 8. krlshnamoorLhy non-omclal ÞarL-ume ulrecLor : Member
(lll) Shrl 8akesh !aln !S & lA, CovL. nomlnee ulrecLor : Member
(lv) Ms. 8lLa Slnha non-omclal ÞarL-ume ulrecLor : Member
(v) Shrl A[ay kumar Mlual non-omclal ÞarL-ume ulrecLor : Member
1he Company SecreLary ls Lhe SecreLary of Lhe Commluee.
1he consuLuuon, quorum, scope, eLc. of Lhe AudlL Commluee ls ln llne wlLh Lhe Culdellnes on CorporaLe Covernance for CenLral Þubllc
SecLor LnLerprlses, 2010, Lhe Companles AcL, 1936 and Lhe provlslons of Lhe Llsung AgreemenL.
Meenngs of Aud|t Comm|uee
1he AudlL Commluee meeLs aL leasL four umes ln a year and noL more Lhan four monLhs have elapsed beLween Lwo meeungs ln LhaL year.
1he quorum for Lhe AudlL Commluee meeungs ls elLher Lwo members or one Lhlrd of Lhe members of Lhe AudlL Commluee whlchever ls
greaLer, buL Lhere should be a mlnlmum of Lwo lndependenL members presenL.
Þowers of Aud|t Comm|uee
1he powers of Lhe AudlL Commluee lnclude Lhe followlng:
1. 1o lnvesugaLe any acuvlLy wlLhln lLs Lerms of reference.
2. 1o seek lnformauon on and from any employee.
3. 1o obLaln ouLslde legal or oLher professlonal advlce.
4. 1o secure auendance of ouLslders wlLh relevanL experuse, lf lL conslders necessary.
3. 1o proLecL whlsLle blowers.
6. 1o conslder oLher mauers as referred by Lhe 8oard.
ko|e of Aud|t Comm|uee
1he role of Lhe audlL commluee lncludes Lhe followlng:
1. CverslghL of our Company's ñnanclal reporung process and Lhe dlsclosure of lLs ñnanclal lnformauon Lo ensure LhaL Lhe ñnanclal
sLaLemenL ls correcL, sumclenL and credlble.
2. llxauon of audlL fees Lo be pald Lo sLaLuLory audlLors appolnLed by CompLroller & AudlLor Ceneral under Lhe Companles AcL and
approval for paymenL wlLh respecL Lo any oLher servlces rendered by Lhe sLaLuLory audlLors.
3. 8evlewlng, wlLh Lhe managemenL, Lhe annual ñnanclal sLaLemenLs before submlsslon Lo Lhe 8oard for approval, wlLh parucular
reference Lo:
a. Mauers requlred Lo be lncluded ln Lhe ulrecLor's 8esponslblllLy SLaLemenL Lo be lncluded ln Lhe 8oard's reporL ln Lerms of clause
(2AA) of secuon 217 of Lhe Companles AcL.
b. Changes, lf any, ln accounung pollcles and pracuces and reasons for Lhe same.
c. Ma[or accounung enLrles lnvolvlng esumaLes based on Lhe exerclse of [udgmenL by managemenL.
d. SlgnlñcanL ad[usLmenLs made ln Lhe ñnanclal sLaLemenLs arlslng ouL of audlL ñndlngs.
e. Compllance wlLh llsung and oLher legal requlremenLs relaung Lo ñnanclal sLaLemenLs.
f. ulsclosure of any relaLed parLy Lransacuons.
ëZ
g. Cuallñcauons ln Lhe draû audlL reporL.
4. 8evlewlng, wlLh Lhe managemenL, Lhe quarLerly ñnanclal sLaLemenLs before submlsslon Lo Lhe board for approval.
3. 8evlewlng, wlLh Lhe managemenL, Lhe sLaLemenL of uses / appllcauon of funds ralsed Lhrough an lssue (publlc lssue, rlghLs lssue,
preferenual lssue, eLc.), Lhe sLaLemenL of funds uullzed for purposes oLher Lhan Lhose sLaLed ln Lhe oñer documenL/prospecLus/nouce
and Lhe reporL submlued by Lhe monlLorlng agency monlLorlng Lhe uullsauon of proceeds of a publlc or rlghLs lssue, and maklng
approprlaLe recommendauons Lo Lhe 8oard Lo Lake up sLeps ln Lhls mauer.
6. 8evlewlng, wlLh Lhe managemenL, performance of sLaLuLory and lnLernal audlLors and adequacy of Lhe lnLernal conLrol sysLems.
7. 8evlewlng Lhe adequacy of lnLernal audlL funcuon, lf any, lncludlng Lhe sLrucLure of Lhe lnLernal audlL deparLmenL, sLamng and senlorlLy
of Lhe omclal headlng Lhe deparLmenL, reporung sLrucLure, coverage and frequency of lnLernal audlL.
8. ulscusslon wlLh lnLernal audlLors and / or audlLors any slgnlñcanL ñndlngs and follow up Lhere on.
9. 8evlewlng Lhe ñndlngs of any lnLernal lnvesugauons by Lhe lnLernal audlLors/audlLors/agencles lnLo mauers where Lhere ls suspecLed
fraud or lrregularlLy or a fallure of lnLernal conLrol sysLems of a maLerlal naLure and reporung Lhe mauer Lo Lhe 8oard.
10. ulscusslon wlLh sLaLuLory audlLors before Lhe audlL commences, abouL Lhe naLure and scope of audlL as well as posL-audlL dlscusslon Lo
ascerLaln any area of concern.
11. 1o look lnLo Lhe reasons for subsLanual defaulLs ln Lhe paymenL Lo Lhe deposlLors, debenLure holders, shareholders (ln case of non-
paymenL of declared dlvldends) and credlLors.
12. 1o revlew Lhe funcuonlng of Lhe WhlsLle 8lower Mechanlsm.
13. 1o revlew Lhe follow up acuon on Lhe audlL observauons of Lhe CompLroller & AudlLor Ceneral audlL.
14. 1o revlew Lhe follow up acuon Laken on Lhe recommendauons of Commluee on Þubllc underLaklngs (CCÞu) of Lhe ÞarllamenL.
13. Þrovlde an open avenue of communlcauon beLween Lhe lndependenL audlLor, lnLernal audlLor and Lhe 8oard.
16. 8evlew all relaLed parLy Lransacuons ln our Company. lor Lhls purpose, Lhe AudlL Commluee may deslgnaLe a member who shall be
responslble for revlewlng relaLed parLy Lransacuons.
Lxplanauon: 1he Lerm ºrelaLed parLy Lransacuons" shall have Lhe same meanlng as conLalned ln Lhe Accounung SLandard 18, lssued by
Lhe lnsuLuLe of CharLered AccounLanLs of lndla.
17. 8evlew wlLh Lhe lndependenL audlLor Lhe co-ordlnauon of audlL eñorLs Lo assure compleLeness of coverage, reducuon of redundanL
eñorLs, and Lhe eñecuve use of all audlL resources.
18. Conslder and revlew Lhe followlng wlLh Lhe lndependenL audlLor and Lhe managemenL:
a. 1he adequacy of lnLernal conLrols lncludlng compuLerlzed lnformauon sysLem conLrols and securlLy, and
b. 8elaLed ñndlngs and recommendauons of Lhe lndependenL audlLor and lnLernal audlLor, LogeLher wlLh Lhe managemenL
responses.
19. Conslder and revlew Lhe followlng wlLh Lhe managemenL, lnLernal audlLor and Lhe lndependenL audlLor:
a. SlgnlñcanL ñndlngs durlng Lhe year, lncludlng Lhe sLaLus of prevlous audlL recommendauons, and
b. Any dlmculues encounLered durlng audlL work lncludlng any resLrlcuons on Lhe scope of acuvlues or access Lo requlred
lnformauon.
20. Carrylng ouL any oLher funcuon as ls menuoned ln Lhe Lerms of reference of Lhe AudlL Commluee.
ln llne wlLh Lhe provlslons of Arucles of Assoclauon of ÞCWL8C8lu, Lhe whole-ume luncuonal ulrecLors of Lhe Company lncludlng
ulrecLor (llnance) referred Lo as ClC are appolnLed by Lhe AdmlnlsLrauve MlnlsLry Lhrough Þubllc LnLerprlses Selecuon 8oard.
kev|ew of |nformanon by Aud|t Comm|uee
1he AudlL Commluee shall mandaLorlly revlew Lhe followlng lnformauon:
1. ManagemenL dlscusslon and analysls of ñnanclal condluon and resulLs of operauons.
2. SLaLemenL of slgnlñcanL relaLed parLy Lransacuons submlued by managemenL.
3. ManagemenL leuers / leuers of lnLernal conLrol weaknesses lssued by Lhe sLaLuLory audlLors.
4. lnLernal audlL reporLs relaung Lo lnLernal conLrol weaknesses.
3. 1he appolnLmenL, removal and Lerms of remunerauon of Lhe chlef lnLernal audlLor.
6. Ceruñcauon/declarauon of ñnanclal sLaLemenLs by Lhe Chlef Lxecuuve Cmcer/Chlef llnance Cmcer.
Compos|non of Aud|t Comm|uee dur|ng the I.¥. 2012-13:
1he composluon of AudlL Commluee durlng Lhe ñnanclal year 2012-13 was as under:
Shrl SanLosh Saraf Chalrman non-omclal ÞarL-ume ulrecLor
Shrl 8akesh !aln, !S&lA, MCÞ Member non-Lxecuuve ulrecLor
Ms. 8lLa Slnha Member non-omclal ÞarL-ume ulrecLor
Cn appolnLmenL of ñve lndependenL ulrecLors on Lhe 8oard of ÞCWL8C8lu w.e.f. 16.01.2013, Lhe AudlL Commluee was reconsuLuLed on
08.03.2013 wlLh followlng dlrecLors as Chalrman/Members on Lhe AudlL Commluee:
(l) Shrl SanLosh Saraf non-omclal ÞarL-ume ulrecLor : Chalrman of Lhe Commluee
(ll) Shrl 8. krlshnamoorLhy non-omclal ÞarL-ume ulrecLor : Member
(lll) Shrl 8akesh !aln* !S &lA,CovL. nomlnee ulrecLor : Member
(lv) Ms. 8lLa Slnha non-omclal ÞarL-ume ulrecLor : Member
(v) Shrl A[ay kumar Mlual non-omclal ÞarL-ume ulrecLor : Member
ceased Lo be ulrecLor w.e.f. 8
Lh
!uly, 2013 (Aûernoon)
ëJ
Auendance:
uurlng Lhe ñnanclal year ended 31
sL
March, 2013, nlne meeungs of Lhe AudlL commluee were held on 26
Lh
Aprll, 28
Lh
May, 27
Lh
!une, 13
Lh
!uly,
23
Lh
!uly, 6
Lh
SepLember, 31
sL
CcLober and 3
Lh
uecember, of Lhe year 2012 and 11
Lh
lebruary, 2013.
Auendance at Aud|t Comm|uee Meenngs dur|ng the I|nanc|a| ¥ear 2012-13:
3.2 Shareho|ders'] Investors' Gr|evance Comm|uee.
1he Company has consuLuLed Shareholders'/lnvesLors' Crlevance Commluee ln llne wlLh Lhe provlslons of Lhe Llsung AgreemenL.
Scope of the Comm|uee
1he scope of Lhe Commluee shall be Lo speclñcally look lnLo Lhe redressal of shareholders' and lnvesLors' grlevances/complalnLs llke
Lransfer of shares, non-recelpL of balance sheeL, non-recelpL of declared dlvldends eLc.
Compos|non
As on 31
sL
March, 2013 Lhe Commluee comprlsed Lhe followlng ulrecLors:
(l) Shrl SanLosh Saraf non-omclal ÞarL-ume ulrecLor : Chalrman of Lhe Commluee
(ll) Shrl Mahesh Shah non-omclal ÞarL-ume ulrecLor : Member
(lll) ur. k. 8amallngam non-omclal ÞarL-ume ulrecLor : Member
(lv) Shrl 8. 1. Agarwal ulrecLor (llnance) : Member
(v) Shrl 8avl Þ. Slngh ulrecLor (Þersonnel) : Member
1he Company SecreLary ls Lhe SecreLary of Lhe Commluee.
Compos|non of Shareho|ders']Investors' Gr|evance Comm|uee dur|ng the I.¥. 2012-13:
1he composluon of Shareholders'/lnvesLors' Crlevance Commluee durlng Lhe ñnanclal year 2012-13 was as under:
Name Aud|t Comm|uee Meenng he|d dur|ng the tenure
ne|d Auended
Shrl SanLosh Saraf, ulrecLor 9 9
Shrl 8akesh !aln, !S&lA, MCÞ 9 9
Ms. 8lLa Slnha, ulrecLor 9 8
Shrl SanLosh Saraf Member & Chalrman non-omclal ÞarL-ume ulrecLor
Ms. 8lLa Slnha Member non-omclal ÞarL-ume ulrecLor
Shrl 8avl Þ. Slngh Member ulrecLor (Þersonnel)
Shrl 8. 1. Agarwal Member ulrecLor (llnance)
Name Shareho|ders']Investors' Gr|evance Comm|uee Meenng he|d dur|ng the tenure
ne|d Auended
Shrl SanLosh Saraf, ulrecLor 2 2
Ms. 8lLa Slnha, ulrecLor 2 2
Shrl 8avl Þ. Slngh, ulrecLor (Þersonnel) 2 2
Shrl 8.1. Agarwal, ulrecLor(llnance) 2 2
S.No. Descr|pnon Cpen|ng 8a|ance kece|ved Auended Pending
1 non recelpL of refund orders 0 163 163 0
2 non recelpL of dlvldend warranLs 0 133 133 0
3 non recelpL of share ceruñcaLe 0 36 36 0
4 SL8l 229 136 381 4
3 SLock Lxchange 0 13 13 0
6 AdvocaLe nouces 0 8 8 0
7 Consumer lorum/CourL cases 0 16 16 0
1ota| 229 S31 7S6 4
1wo meeungs of Lhe Shareholders'/lnvesLors' Crlevance Commluee were held durlng Lhe ñnanclal year 2012-13 on 7
Lh
SepLember, 2012 and
23
rd
CcLober, 2012, respecuvely.
Auendance at Shareho|ders']Investors' Gr|evance Comm|uee meenng dur|ng the I|nanc|a| ¥ear 2012-13:
Name and des|gnanon of Comp||ance Cmcer
Ms. ulvya 1andon, Company SecreLary ls Lhe compllance omcer ln Lerms of Clause 47 of Lhe Llsung AgreemenL.
Investors' Gr|evances
uurlng Lhe ñnanclal year endlng 31
sL
March, 2013, Lhe Company has auended lLs lnvesLors' grlevances expedluously excepL for Lhe cases
consLralned by dlspuLes or legal lmpedlmenL. 1he deLalls of Lhe complalnLs recelved durlng Lhe year are as under:
lnvesLors' complalnLs pendlng as on 31
sL
March, 2013 have been subsequenLly auended.
Shares |y|ng |n Share Lscrow Account
ln pursuance of Clause 3A l (g) of Lhe Llsung AgreemenL, lL ls dlsclosed LhaL:
l) ln respecL of your Company's lÞC, 43,216 shares held by 221 shareholders as on 01.04.2012 were lylng ln Lhe suspense accounL.
ll) ln respecL of lÞC, 10830 shares held by 30 shareholders as on. 01.04.2012 were lylng ln Lhe suspense accounL.
ë+
lll) 2 shareholders had approached ÞCWL8C8lu for Lransfer of 372 shares from suspense accounL durlng Lhe year 2012-13 ln respecL
of lÞC and ÞCWL8C8lu has Lransferred 372 shares relaLed Lo 2 shareholders durlng Lhe year.
lv) 21 shareholders had approached ÞCWL8C8lu for Lransfer of 4796 shares from suspense accounL durlng Lhe year 2012-13 ln
respecL of lÞC and ÞCWL8C8lu has Lransferred 4796 shares relaLed Lo 21 shareholders durlng Lhe year.
v) ln respecL of lÞC, Lhe aggregaLe number of shareholders as on 31.03.2013 were 219 and Lhe ouLsLandlng shares ln Lhe suspense
accounL lylng as on 31.03.2013 were 42644 shares.
vl) ln respecL of lÞC, Lhe aggregaLe number of shareholders as on 31.03.2013 were 29 and Lhe ouLsLandlng shares ln Lhe suspense
accounL lylng as on 31.03.2013 were 6034 shares.
1he voung rlghLs on Lhe shares ln demaL suspense accounL shall remaln frozen ull Lhe rlghuul owner of such shares clalms Lhe shares. 1hese
shares are lylng ln Lhe demaL form ln a Þool AccounL wlLh Lhe 8eglsLrars l.e. M/s karvy CompuLershare ÞvL. LLd. and Lhe beneñLs accrued
on Lhem are belng properly accounLed for.
Centra||zed Web 8ased Comp|a|nt kedressa| System- SCCkLS.
1he cenLrallzed web based ComplalnL 8edressal SysLem of SL8l l.e. SCC8LS (SL8l ComplalnLs 8edress SysLem) ls ln place slnce !une, 2011.
1hrough SCC8LS, shareholders can reglsLer Lhelr complalnLs agalnsL Lhe Company for redressal. When Lhe complalnL ls reglsLered, a unlque
complalnL reglsLrauon number ls alloued for fuLure reference and Lracklng. SLaLus of every complalnL lodged can also be vlewed onllne
and Lhe Shareholder can send remlnder for Lhelr complalnL. 1he concerned enuLy (Company or lnLermedlary) Lakes acuon for redressal of
Lhe complalnLs and uploads Acuon 1aken 8eporL on llne. SL8l dlsposes oñ Lhe complalnLs lf lL ls sausñed LhaL Lhe complalnLs have been
redressed adequaLely. A Shareholder, who ls noL accesslng SCC8LS can lodge hls/her complalnL ln physlcal form also.
3.3 kemuneranon Comm|uee
ÞCWL8C8lu had consuLuLed 8emunerauon Commluee ln March, 2013 wlLh Lhe followlng ulrecLors as members of Lhe Commluee:
Ms. 8lLa Slnha Chalrperson non-omclal ÞarL-ume ulrecLor
Shrl 8akesh !aln Member !S & lA, MCÞ
Ms. 8lLa Acharya Member !L. Secy., MCÞ
Shrl A[ay kumar Mlual Member non-omclal ÞarL-ume ulrecLor
Shrl 8. k. CupLa Member non-omclal ÞarL-ume ulrecLor
3.4 Comm|uee on Investment on Þro[ects
1he 8oard has consuLuLed Lhls Commluee of ulrecLors Lo conslder lnvesLmenL sancuon for new pro[ecLs and 8evlsed CosL LsumaLe proposals
of ongolng pro[ecLs as may be requlred from Lhe 8oard. As on 31
sL
March, 2013, Lhe Commluee comprlsed Lhe followlng members:
(l) Shrl 8. n. nayak CMu : Chalrman of Lhe Commluee
(ll) Shrl l. S. !ha ulrecLor (Þro[ecLs) : Member
(lll) Shrl 8. 1. Agarwal ulrecLor (llnance) : Member
(lv) Shrl 8akesh !aln* !S & lA, CovL. nomlnee ulrecLor : Member
(v) Ms. 8lLa Acharya !S (1rans.), CovL. nomlnee ulrecLor : Member
(vl) Shrl 8. krlshnamoorLhy non-omclal ÞarL-ume ulrecLor : Member
(vll) Shrl A[ay kumar Mlual non-omclal ÞarL-ume ulrecLor : Member
ceased Lo be ulrecLor w.e.f. 8
Lh
!uly, 2013 (Aûernoon)
3.S Comm|uee on Award of Contracts
1hls Commluee of ulrecLors has been consuLuLed for approval of award of conLracLs of value more Lhan ` 30 Cr. buL noL exceedlng ` 100 Cr.
As on 31
sL
March, 2013, Lhe followlng ulrecLors were members of Lhe Commluee:
(l) Shrl 8. n. nayak CMu : Chalrman of Lhe Commluee
(ll) Shrl l. S. !ha ulrecLor (Þro[ecLs) : Member
(lll) Shrl 8. 1. Agarwal ulrecLor (llnance) : Member
(lv) Shrl 8. Þ. Sasmal ulrecLor (Cperauons) : Member
(v) Ms. 8lLa Acharya !S (1rans.), CovL. nomlnee ulrecLor : Member
(vl) Shrl 8. k. CupLa non-omclal ÞarL-ume ulrecLor : Member
(vll) Shrl A[ay kumar Mlual non-omclal ÞarL-ume ulrecLor : Member
3.6 Comm|uee for 1ransfer]Sp||t]kemater|a||zanon]Demater|a||zanon of Shares
1he Company has consuLuLed a Commluee of ulrecLors for 1ransfer/ SpllL/ 8emaLerlallsauon/ uemaLerlallzauon eLc. and oLher relaLed
lssues. As on 31
sL
March, 2013, Lhe Commluee comprlsed Lhe followlng ulrecLors as members:
l) Shrl 8avl Þ. Slngh - ulrecLor (Þersonnel)
ll) Shrl l. S. !ha - ulrecLor (Þro[ecLs) and
lll) Shrl 8. 1. Agarwal - ulrecLor (llnance)
Share 1ransfers añecLed durlng Lhe year have been well wlLhln Lhe ume prescrlbed by Lhe SLock Lxchanges.
3.7 Comm|uee for 8onds
1he 8oard of ulrecLors of Lhe Company has consuLuLed a Commluee of ulrecLors Lo conslder and approve alloLmenL, Lransfer, Lransmlsslon,
spllmng and consolldauon of ÞCWL8C8lu 8onds/AlloLmenL Leuers and oLher mauers relaung Lo Lhe 8onds lncludlng appolnLmenL of
MerchanL 8ankers, 8eglsLrar Lo Lhe lssue eLc. As on 31
sL
March, 2013, Lhe Commluee for 8onds comprlsed Lhe followlng members:
ë5
S
No.
D|rectors Des|gnanon Sa|ary (|n `)
8enehts
(|n `)
8onus ]
Comm|ss|on (|n `)
Þerformance L|nked
Incennve (|n `)
1ota| (|n `)
1. Shrl 8. n. nayak Chalrman & Managlng ulrecLor 2,498,227.93 286,766.00 - 2,996,648 3,781,641.93
2. Shrl l. S. !ha ulrecLor (Þro[ecLs) 2,923,877.00 997,421.00 - 2,301,421 6,422,719.00
3. Shrl 8. 1. Agarwal ulrecLor (llnance) 2,383,993.73 943,896.00 - 1,863,447 3,397,338.73
4. Shrl 8avl Þ. Slngh ulrecLor (Þersonnel) 3,719,023.33 246,609.00 - 146,117 4,111,731.33
3.
Shrl 8. Þ. Sasmal
(lrom 1.08.2012
Lo 31.03.2013)
ulrecLor (Cperauons) 1,379,386.00 216,273.00 - 493,114 2,290,973.00
Name of Non-omc|a| Þart-nme D|rectors
S|mng Iees
1ota|
8oard Meenng Comm|uee of 8oard of D|rectors Meenng
Shrl SanLosh Saraf 2.33 2.80 3.33
Ms. 8lLa Slnha 2.40 3.33 3.73
Shrl 8. k. CupLa 0.60 0.20 0.80
ur. k. 8amallngam 0.40 nlL 0.40
Shrl 8. krlshnamoorLhy 0.60 0.20 0.80
Shrl A[ay kumar Mlual 0.60 0.40 1.00
Shrl Mahesh Shah 0.60 nlL 0.60
Period S|mng Iee (|n `)
1
sL
Aprll, 2012 Lo 3
Lh
uecember, 2012 13,000
6
Lh
uecember, 2012 Lo 31
sL
March, 2013 20,000
1he CovernmenL nomlnee ulrecLors on Lhe ÞCWL8C8lu's 8oard do noL draw any remunerauon/slmng fee for auendlng 8oard/ Commluee
meeungs from Lhe Company. 1he lndependenL ulrecLors were pald slmng fee for auendlng 8oard/Commluee Meeungs as per Lhe followlng:
ueLalls of ÞaymenL made Lowards slmng fee Lo lndependenL ulrecLors durlng Lhe year 2012-13 are glven below:
(` ln lacs:)
l) Shrl 8. n. nayak - Chalrman & Managlng ulrecLor - Chalrman
ll) Shrl 8. 1. Agarwal - ulrecLor (llnance) - Member
lll) Shrl l. S. !ha - ulrecLor (Þro[ecLs) - Member, and
lv) Shrl 8. Þ. Sasmal - ulrecLor (Cperauons) - Member
3.8 Comm|uee for Award of Contracts re|anng to kL, AÞDkÞ and other Depos|t Works
1hls Commluee of ulrecLors was consuLuLed Lo conducL 8CCv? Þrogramme of CovL. of lndla. 1he power of Lhls commluee ls Lo award Lhe
conLracLs relaung Lo 8L, AÞu8Þ and oLher ueposlL Works for more Lhan ` 30 Cr. and up Lo ` 100 Cr. As on 31
sL
March, 2013, Shrl 8. n. nayak,
CMu, Shrl 8. 1. Agarwal, ulrecLor (llnance), Shrl l. S. !ha, ulrecLor (Þro[ecLs), Shrl 8avl Þ. Slngh, ulrecLor (Þersonnel) and Shrl 8. Þ. Sasmal,
ulrecLor (Cperauons) are Lhe members of Lhe Commluee.
3.9 CSk and Susta|nab|e Deve|opment Comm|uee
ÞCWL8C8lu has consuLuLed a CS8 and SusLalnable uevelopmenL Commluee ln llne wlLh Lhe requlremenL of ueparLmenL of Þubllc
LnLerprlses' Culdellnes on CorporaLe Soclal 8esponslblllLy and SusLalnablllLy for CenLral Þubllc SecLor LnLerprlses'. As on 31
sL
March, 2013
Lhe Commluee comprlsed Lhe followlng members:
(l) Shrl 8. n. nayak CMu : Chalrman of Lhe Commluee
(ll) Ms. 8lLa Slnha non-omclal ÞarL-ume ulrecLor : Member
(lll) Shrl 8avl Þ. Slngh ulrecLor (Þersonnel) : Member
(lv) Shrl 8. 1. Agarwal ulrecLor (llnance) : Member
(v) Shrl l. S. !ha ulrecLor (Þro[ecLs) : Member
(vl) Shrl Mahesh Shah non-omclal ÞarL-ume ulrecLor : Member
(vll) ur. k. 8amallngam non-omclal ÞarL-ume ulrecLor : Member
(vlll) Shrl 8. k. CupLa non-omclal ÞarL-ume ulrecLor : Member
Þrlor Lo CS8 and SusLalnable uevelopmenL Commluee, Lhere exlsLed a SusLalnable uevelopmenL Commluee comprlslng Ms. 8lLa Slnha,
lndependenL ulrecLor, Shrl l. S. !ha, ulrecLor (Þro[ecLs), Shrl 8. 1. Agarwal, ulrecLor (llnance) and Shrl 8avl Þ. Slngh, ulrecLor (Þersonnel) and
durlng Lhe year 2012-13 Lhe sald commluee meL 4 umes.
3.10 V|g||ance D|sc|p||nary Cases Comm|uee
ÞCWL8C8lu has consuLuLed a vlgllance ulsclpllnary Cases Commluee Lo deal wlLh Lhe mauer relaLed Lo dlsclpllnary cases. As on 31sL
March, 2013 Lhe Commluee comprlsed Lhe followlng members:
(l) Ms. 8lLa Slnha non-omclal ÞarL-ume ulrecLor : Chalrperson of Lhe Commluee
(ll) Shrl 8. krlshnamoorLhy non-omclal ÞarL-ume ulrecLor : Member
(lll) Shrl 8avl Þ. Slngh ulrecLor (Þersonnel) : Member
4. kemuneranon of D|rectors
ÞCWL8C8lu, belng a CovernmenL Company, Lhe appolnLmenL, Lenure and remunerauon of ulrecLors ls declded by Lhe ÞresldenL of lndla.
8emunerauon pald Lo Chalrman & Managlng ulrecLor and luncuonal ulrecLors durlng Lhe ?ear 2012-13 was as per Lerms and condluons of
Lhelr appolnLmenL. lndependenL ulrecLors are pald only slmng fees per 8oard / Commluee meeung auended [raLe ñxed by Lhe 8oard wlLhln
Lhe celllng ñxed for paymenL of slmng fees wlLhouL CovernmenL approval under Lhe 8ule 108 of Lhe Companles (CenLral CovernmenL's)
Ceneral 8ules and lorms, 1936 read wlLh Lhe Secuon 310 of Lhe Companles AcL, 1936} and ln accordance wlLh Lhe CovernmenL Culdellnes
for auendlng Lhe 8oard Meeung as well as Commluee Meeungs.
1he remunerauon pald Lo Lhe Whole ume ulrecLors durlng Lhe year 2012-13 ls as under:
ëë
S.No. Name of D|rectors No. of Lqu|ty Shares ne|d
1 Shrl 8. n. nayak 11,721
2 Shrl l. S. !ha 2,998
3 Shrl 8. 1. Agarwal 4,036
4 Shrl 8avl Þ. Slngh 9,016
3 Shrl 8. Þ. Sasmal 1,798
6 Shrl 8akesh !aln * -
7 Ms. 8lLa Acharya -
8 Shrl SanLosh Saraf 1,190
9 Ms. 8lLa Slnha -
10 Shrl 8. k. CupLa -
11 ur. k. 8amallngam -
12 Shrl 8. krlshnamoorLhy 286
13 Shrl A[ay kumar Mlual 879
14 Shrl Mahesh Shah -
¥ear Date Time Venue Spec|a| keso|unon
2009-10 24
Lh
SepLember, 2010 10.00 a.m. Alr lorce AudlLorlum, SubroLo Þark, new uelhl-110 010 nlL
2010-11 19
Lh
SepLember, 2011 11.00 a.m.
nuMC 1alkaLora lndoor SLadlum, 1alkaLora Carden, Þark SLreeL, new
uelhl - 110 001.
nlL
2011-12 19
Lh
SepLember, 2012 11.00 a.m. Alr lorce AudlLorlum, SubroLo Þark, new uelhl-110 010 nlL
Þromoter]
Þub||c
No. of
Shares ne|d
(1)
No. of Votes
Þo||ed
(2)
¼ of Votes Þo||ed on
Cutstand|ng shares
(3) = [2]1]*100
No. of Votes
|n favour
(4)
No. of votes
Aga|nst
(S)
¼ of votes |n favour
on votes Þo||ed (6)
= [4]2]*100
¼ of votes aga|nst
on votes Þo||ed
(7) = [S]2]*100
ÞromoLer and
ÞromoLer Croup
3214024212 3214024212 100 3214024212 0 100 0
Þubllc -
lnsuLuuonal
Polders
1203320409 369744813 47.34 369741202 0 99.99 0
Þubllc - CLhers 212180732 1693193 0.80 1462144 116328 86.23 6.87
1ota| 462972S3S3 378S464220^ 81.76 378S227SS8 116S28 99.99 0.00
As on 31.03.2013 Lhe ulrecLors' Shareholdlng was as under:
S. k|sk Management
1he 'LnLerprlse 8lsk ManagemenL lramework' (L8M framework) has been lmplemenLed ln ÞCWL8C8lu. 1he deLall of Lhe same are glven
ln ManagemenL ulscusslon and Analysls.
6. Mon|tor|ng of Subs|d|ar|es:
1he Company does noL have any maLerlal unllsLed Subsldlary Companles ln Lerms of Lhe Clause 49 of Lhe Llsung AgreemenL or Lhe
subsldlarles as deñned under Culdellnes on CorporaLe Covernance for CenLral Þubllc SecLor LnLerprlses lssued by ueparLmenL of Þubllc
LnLerprlses, CovL. of lndla. Powever, mlnuLes of Lhe meeung of Lhe 8oard of ulrecLors of Lhe subsldlarles are placed before Lhe Company's
8oard perlodlcally.
7. Genera| 8ody Meenngs:
uaLe, ume and locauon where Lhe lasL Lhree Annual Ceneral Meeungs were held areas under:
keso|unons passed through Þosta| 8a||ot:
1he Shareholders of Lhe Company have approved wlLh requlslLe ma[orlLy, Lhe Speclal 8esoluuon under Lhe provlslons of Lhe Companles
AcL, 1936 for AlLerauon of Arucles of Assoclauon of ÞCWL8C8lu under Secuon 31 and oLher appllcable provlslons of Lhe Companles AcL,
1936 for : (A) lnseruon of new Arucle as Arucle 31A ln Lhe Arucles of Assoclauon of ÞCWL8C8lu and (8) AmendmenL of exlsung Arucle 32
ln Lhe Arucles of Assoclauon of ÞCWL8C8lu clrculaLed for passlng Lhrough ÞosLal 8alloL pursuanL Lo Secuon 192A of Lhe Companles AcL,
1936 vlde nouce daLed 7
Lh
March, 2013.
nouce daLed 7
Lh
March, 2013,was served Lo all shareholders for voung Lhrough posLal balloL as per Lhe provlslons of Secuon 192A of Lhe
Companles AcL, 1936 read wlLh Lhe Companles (Þasslng of Lhe 8esoluuon by ÞosLal 8alloL) 8ules, 2011. Ms. SavlLa !you, Þracuclng Company
SecreLary was appolnLed as scruunlzer for conducL of ÞosLal 8alloL. 1he deLalls of Lhe voung are as under:
(A) lnseruon of new Arucle 31A on ºAddluonal ulrecLors"
7091 LoLal number of 8alloLs recelved.
* ceased Lo be ulrecLor w.e.f. 8
Lh
!uly, 2013 (Aûernoon)
^ 1hls ls sum of voLes casLed ln favour, voLes casLed agalnsL and 120134 lnvalld voLes casLed physlcally.
ëì
Þromoter]
Þub||c
No. of
Shares ne|d
(1)
No. of Votes
Þo||ed
(2)
¼ of Votes Þo||ed on
Cutstand|ng shares
(3) = [2]1]*100
No. of Votes
|n favour
(4)
No. of votes
Aga|nst
(S)
¼ of votes |n favour
on votes Þo||ed
(6) = [4]2]*100
¼ of votes aga|nst
on votes Þo||ed
(7) = [S]2]*100
ÞromoLer and
ÞromoLer Croup
3214024212 3214024212 100 3214024212 0 100 0
Þubllc -
lnsuLuuonal
Polders
1203320409 369744813 47.34 369741202 0 99.99 0
Þubllc - CLhers 212180732 1699023 0.80 1380030 124361 81.23 7.33
1ota| 462972S3S3 378S4680S2^ 81.76 378S14S464 124S61 99.99 0.00
(8) AmendmenL ln exlsung Arucle 32 on ºAppolnLmenL of AudlLors"
7103 LoLal number of 8alloLs recelved.
1he Speclal 8esoluuon as menuoned ln Lhe nouce of Lhe posLal balloL dL. 07.03.2013 has been passed wlLh requlslLe ma[orlLy.
8. D|sc|osures
(l) 1he Lransacuons wlLh relaLed parues conLaln (l) paymenL Lo Companles under !olnL venLure AgreemenL and on accounL of conLracLs for
works/servlces, (ll) remunerauon Lo key managemenL personnel and (lll) equlLy conLrlbuuon Lo subsldlarles, whlch are noL ln Lhe naLure
of poLenual conßlcLs of lnLeresL of Lhe Company aL large. ueLalls of relaLed parLy Lransacuons are lncluded ln Lhe noLes Lo Lhe AccounLs
as per Accounung SLandard - 18 lssued by Lhe lnsuLuLe of CharLered AccounLanLs of lndla and nouñed by Lhe CenLral CovernmenL ln
consulLauon wlLh nauonal Advlsory Commluee on Accounung SLandards.
(ll) 1he CLC & ulrecLor (llnance) of Lhe Company have ceruñed Lo Lhe 8oard, Lhe speclñed mauers, as requlred under Clause 49 v of Lhe
Llsung AgreemenL.
(lll) ÞCWL8C8lu do noL have any maLerlal non llsLed lndlan Subsldlary Company.
(lv) ÞCWL8C8lu esLabllshed LnLerprlse 8lsk ManagemenL lramework and lnLernal ConLrol lramework for CLC/ClC Ceruñcauon. Ceneral
Manager (CorporaLe Þlannlng) has been appolnLed as Chlef 8lsk Cmcer of Lhe Company.
(v) 1here are no maLerlal lndlvldual Lransacuons wlLh relaLed parues whlch are noL ln Lhe normal course of buslness.
(vl) 1here are no maLerlal lndlvldual Lransacuons wlLh relaLed parues or oLhers, whlch are noL on an arm's lengLh basls.
(vll) 1he Company has complled wlLh Lhe requlremenLs of Lhe Llsung AgreemenL wlLh SLock Lxchanges and Culdellnes on CorporaLe
Covernance for CenLral Þubllc SecLor LnLerprlses lssued by MlnlsLry of Peavy lndusLrles and Þubllc LnLerprlses, ueparLmenL of
Þubllc LnLerprlses, CovernmenL of lndla as well as 8egulauons and Culdellnes prescrlbed by SL8l, excepL LhaL of composluon of Lhe
8oard as menuoned ln paragraph 2.2 of Lhls 8eporL. 1he Company has also generally complled wlLh Lhe volunLary Culdellnes on
CorporaLe Covernance, 2009 lssued by Lhe MlnlsLry of CorporaLe Añalrs, CovL. of lndla such as Laklng ceruñcaLe of lndependence from
lndependenL ulrecLors, SecreLarlal AudlL, Lralnlng of ulrecLors, eLc. 1here were no penalues or sLrlcLures lmposed on Lhe Company by
any sLaLuLory auLhorlues for non-compllance on any mauer relaLed Lo caplLal markeLs, durlng Lhe year.
(vlll) 1he 8alance SheeL, ÞroñL and Loss AccounL and Cash llow SLaLemenL for Lhe ñnanclal year 2012-13 have been prepared as per Lhe
Accounung SLandards referred Lo ln Sub-secuon (3C) of Secuon 211 of Lhe Companles AcL, 1936.
(lx) 1he Company has adopLed all suggesLed lLems Lo be lncluded ln Lhe 8eporL of CorporaLe Covernance. lnformauon on adopuon (and
compllance) / non-adopuon of Lhe non-mandaLory requlremenLs ls aL Annex-l.
CLC]CIC Cernhcanon
As requlred by Clause 49 of Lhe Llsung AgreemenL(s), Lhe CeruñcaLe duly slgned by Shrl 8. n. nayak, Chalrman & Managlng ulrecLor and
Shrl 8. 1. Agarwal, ulrecLor (llnance) was placed before Lhe 8oard of ulrecLors aL Lhe meeung held on 28.03.2013.
9. Means of Commun|canon
1he Company communlcaLes wlLh lLs shareholders Lhrough lLs Annual 8eporL, Ceneral Meeung, newspapers and dlsclosure Lhrough webslLe.
1he Company also communlcaLes wlLh lLs lnsuLuuonal shareholders Lhrough AnalysLs and lnvesLors meeLs held durlng Lhe end of each
quarLer where ulrecLors and Senlor Cmclals of Lhe Company lnLeracL wlLh Lhe lnvesung communlLy.
lnformauon and laLesL updaLes and announcemenLs made by Lhe Company can be accessed aL Company's webslLe: www.powergrldlndla.com
lncludlng Lhe followlng:
- CuarLerly /Palf-?early /Annual llnanclal 8esulLs
- CuarLerly Shareholdlng Þauern
- CuarLerly CorporaLe Covernance 8eporL
- CorporaLe dlsclosures made from ume Lo ume Lo SLock Lxchanges
ln order Lo save Lrees and envlronmenL by cumng down Lhe consumpuon of cosLly paper hablLs, our Company has senL Lhe Annual 8eporL
and oLher communlcauons Lo large number of shareholders from Lhe llnanclal ?ear 2010-2011 onwards Lhrough e-mall of Lhe shareholders
reglsLered wlLh nSuL/ CuSL and aûer seeklng Lhelr consenL Lo send Lhe Annual 8eporLs Lhrough e-mall. 1hls was ln compllance of 'Creen
lnluauve ln Lhe CorporaLe Covernance' by MlnlsLry of CorporaLe Añalrs, CovernmenL of lndla by allowlng paperless communlcauon by Lhe
companles under Lhe provlslons of Lhe Companles AcL, 1936.
^ 1hls ls sum of voLes casLed ln favour, voLes casLed agalnsL and 198027 lnvalld voLes casLed physlcally.
ëe
Çuarter|y kesu|ts
Cfhc|a| ke|eases and Þresentanons
1he Company's ofñclal news releases, oLher press coverage, presenLauons made Lo lnsuLuuonal lnvesLors or Lo Lhe analysLs are also hosLed
on Lhe WebslLe.
10. Code of Conduct
1he 8oard of ulrecLors have lald down Lwo separaLe Code of ConducL - one for 8oard Members and anoLher for Senlor ManagemenL
Þersonnel ln allgnmenL wlLh Company's Mlsslon & Cb[ecuves and alms aL enhanclng eLhlcal and LransparenL process ln managlng Lhe añalrs
of Lhe Company. 1he 'Code of 8uslness ConducL and LLhlcs for 8oard members' and Lhe 'Code of 8uslness and LLhlcs for Senlor ManagemenL
Þersonnel' are avallable aL Lhe webslLe of Lhe Company.
11. Code of Ins|der 1rad|ng
ln pursuance of Lhe Securlues and Lxchange 8oard of lndla (Þrohlbluon of lnslder 1radlng) 8egulauons, 1992, ÞCWL8C8lu 8oard has
lald down ºCode of ConducL for Þrevenuon of lnslder 1radlng" wlLh Lhe ob[ecuve of prevenung purchase and/or sale of shares of Lhe
Company by an lnslder on Lhe basls of unpubllshed prlce sensluve lnformauon. under Lhls code, lnslders (l.e. ueslgnaLed Lmployees) are
prevenLed Lo deal ln Lhe Company's shares durlng Lhe closure of 1radlng Wlndow. 1o deal ln Securlues beyond llmlLs speclñed, permlsslon
of Compllance Cmcer ls requlred. All ulrecLors/Cmcers/ueslgnaLed Lmployees are also requlred Lo dlsclose relaLed lnformauon perlodlcally
as deñned ln Lhe Code, whlch ln Lurn ls belng forwarded Lo SLock Lxchanges, whenever necessary. Company SecreLary has been deslgnaLed
as Compllance Cmcer for Lhls Code.
12. Separate Meenng of Independent D|rectors
ÞCWL8C8lu had on lLs 8oard Lwo lndependenL ulrecLors for Lhe ñrsL Lhree quarLers and ñve more lndependenL ulrecLors were appolnLed
by Lhe ÞresldenL of lndla w.e.f. 16
Lh
!anuary, 2013. 1he lndependenL ulrecLors held a meeung ln Aprll, 2013 wlLhouL Lhe auendance of
luncuonal ulrecLors and CovernmenL ulrecLors and Lhe members of managemenL.
13. Shareho|ders' Informanon
|) Annua| Genera| Meenng
uaLe : 19
Lh
SepLember, 2013
1lme : 11.00 a.m.
venue : Alr lorce AudlLorlum, SubroLo Þark, new uelhl-110 010.
||) I|nanc|a| ¥ear
1he Company's llnanclal ?ear ls from 1
sL
Aprll Lo 31
sL
March.
|||) 8ook C|osure
1he 8eglsLer of Members and Share 1ransfer 8ooks of Lhe Company wlll remaln closed from 7
Lh
SepLember, 2013 Lo 19
Lh
SepLember,
2013 (boLh days lncluslve).
|v) Þayment of d|v|dend
1he 8oard of ulrecLors of Lhe Company has recommended paymenL of a ñnal ulvldend of 11.4° (` 1.14 per share) for Lhe ñnanclal
year ended 31
sL
March, 2013 ln addluon, an lnLerlm ulvldend of 16.1° (`1.61 per share) was pald on 4
Lh
March, 2013. [ulvldend for Lhe
Þrevlous ?ear was `976.87Crore l.e. 21.1° (8° lnLerlm ulvldend and 13.1° llnal ulvldend)].
1he record daLe for Lhe paymenL of ulvldend ls 6Lh SepLember, 2013.
Dec|aranon requ|red under C|ause 49 of the L|snng Agreement
All Lhe members of Lhe 8oard and Senlor ManagemenL Þersonnel have amrmed compllance wlLh Lhe Code of ConducL for Lhe
ñnanclal year ended 31
sL
March, 2013.
Sd/-
Þlace : Curgaon (8. n. nayak)
uaLed: 28.03.2013 Chalrman & Managlng ulrecLor
Þub||canon of I|nanc|a| kesu|ts |n Newspapers
Þub||canon of I|nanc|a|
kesu|ts for the quarter ended
30.06.2012 30.09.2012 31.12.2012 31.03.2013
Lngllsh
uaLe(s) of
publlcauon
26/07/2012/
28/07/2012
02/11/2012 13/02/2013 30/03/2013/
31/03/2013
newspapers Lconomlc 1lmes, 1lmes
of lndla, 8uslness Llne,
8uslness SLandard,
1elegraph
Lconomlc 1lmes, 1lmes
of lndla, PlndusLan
1lmes, MlnL, llnanclal
Lxpress
Lconomlc 1lmes, 1lmes of
lndla, 8uslness Llne, llnanclal
Lxpress, 8uslness SLandard,
1elegraph
Lconomlc 1lmes, 1lmes
of lndla, PlndusLan
1lmes, MlnL, llnanclal
Lxpress, 1elegraph
Plndl uaLe of Þubllcauon 28/07/2012 03/11/2012 13/02/2013 30/03/2013
newspapers 8uslness SLandard,
nauonal uunla
nauonal uunla, !ansaua 8uslness SLandard, !ansaua PlndusLan, !ansaua
1hese 8esulLs are also dlsplayed aL Company's webslLe www.powergrldlndla.com
ëJ
¥ear 1ota| Þa|d-up Cap|ta| as on 31st
March of the ¥ear (` |n Crore)
1ota| Amount of D|v|dend Þa|d
for the I|nanc|a| ¥ear (` |n Crore)
Date of AGM |n wh|ch
d|v|dend was dec|ared
Date of Þayment of I|na|
D|v|dend
2007-08 4208.84 303.08 18.09.2008 03.10.2008
2008-09 4208.84 303.08 09.09.2009 29.09.2009
2009-10 4208.84 631.34 24.09.2010 19.10.2010
2010-11 4629.73 810.23 19.09.2011 07.10.2011
2011-12 4629.73 976.87 19.09.2012 08.10.2012
2012-13 4629.73 743.39* 12.02.2013** 04.03.2013#
n|gh (`) Low (`) Sum of 1urnover |n Lac (`) dur|ng the Month
Aprll, 2012 113.33 107.23 32823.1
May, 2012 111.83 100.1 43062.3
!une, 2012 114.6 102.1 72179.31
!uly, 2012 120.7 108.33 61808.3
AugusL, 2012 123 116.2 63947.39
SepLember, 2012 124.7 113.6 87140.76
CcLober, 2012 121 93.2 76782.29
november, 2012 122.43 113.3 78190.44
uecember, 2012 121.23 112.3 64230.1
!anuary, 2013 116.93 109.6 111776.2
lebruary, 2013 113.33 102.03 104920.9
March, 2013 110.73 100.83 37829.18
Nanona| Stock Lxchange of Ind|a L|m|ted
Lxchange Þlaza, ÞloL no. C/1, C 8lock,
8andra-kurla Complex,
8andra (L), Mumbal - 400 031.
BSE Limited
Þhlroze!ee[eebhoy 1owers,
ualal SLreeL,
Mumbal - 400 001
Scr|p Code : ÞCWLkGkID LÇ Scr|p Code: S32898
Stock Code: ISIN - INL7S2L01010
v) D|v|dend n|story
*AmounL of lnLerlm ulvldend
** uaLe of 8oard Meeungdeclarlng lnLerlm ulvldend
# uaLe of ÞaymenL of lnLerlm ulvldend
v|) L|snng on Stock Lxchange
ÞCWL8C8lu equlLy shares are llsLed on Lhe followlng SLock Lxchanges:
v||) ÞCWLkGkID's Shares Market Þr|ce Data - NSL
ìJ
n|gh (`) Low (`) Sum of 1urnover |n Lac (`) dur|ng the Month
Aprll, 2012 113.23 107 4392.22
May, 2012 112 100.1 4820.96
!une, 2012 114.23 102.03 4061.47
!uly, 2012 120.3 108.6 6266.90
AugusL, 2012 122.8 116.1 6934.03
SepLember, 2012 124.43 113.23 6039.80
CcLober, 2012 121 112.8 3620.38
november, 2012 122.43 113.73 3117.73
uecember, 2012 121.03 112.3 4877.29
!anuary, 2013 116.93 110 3233.27
lebruary, 2013 116 102.23 18696.82
March, 2013 110.73 101.2 3021.83
v|||) ÞCWLkGkID's Shares Market Þr|ce Data - 8SL
|x) Þerformance |n compar|son to |nd|ces NSL NII1¥, 8SL Sensex and ÞCWLkGkID
April May June July August September October NovemberDecember January February March
Financial Year 2012‐13
POWERGRID's Shares Market Price Data ‐ BSE
High Low
P
O
W
E
R
G
R
I
D

S
h
a
r
e

P
r
i
c
e

(
)
`
80
85
90
95
100
105
110
115
120
125
ì1
Category No. of Cases ¼ of Cases Amount ¼ of Amount
1-3000 823673 92.97 1317736080.00 2.83
3001- 10000 46337 3.26 314921790.00 0.68
10001- 20000 9204 1.04 131884310.00 0.28
20001- 30000 2204 0.23 34933130.00 0.12
30001- 40000 938 0.11 34227780.00 0.07
40001- 30000 733 0.08 33018330.00 0.08
30001- 100000 1143 0.13 81977480.00 0.18
100001& Above 1418 0.16 44326332410.00 93.74
1ota|: 88S910 100.00 462972S3S30.00 100.00
x) keg|strar and 1ransfer Agents.
LÇUI1¥ SnAkLS 8CNDS
karvy CompuLershare ÞvL. LLd. MCS LlmlLed,
ÞloL no.: 17 Lo 24, vlualrao nagar, l-63, Ckhla lndusLrlal Area,
Madhapur, Pyderabad - 300 081 Þhase-l, new uelhl- 110 020.
Þh: 040-44633000 Þh: 011-41406148/49/31
lax:- 040-23420814 1elefax.: 011-41406148
L-mall: elnward.rls[karvy.com L-mall : admln[mcsdel.com
x|) Share 1ransfer System
Lnure share Lransfer acuvlues under physlcal segmenL are belng carrled ouL by karvy CompuLershare ÞrlvaLe LlmlLed. 1he share
Lransfer sysLem conslsLs of acuvlues llke recelpL of shares along wlLh Lransfer deed from Lransferees, lLs verlñcauon, preparauon of
Memorandum of 1ransfer, eLc. Share Lransfers are approved by Commluee of Lhe 8oard for AlloLmenL and ÞosL AlloLmenL acuvlues of
ÞCWL8C8lu's Securlues.
ÞursuanL Lo clause 47(c) of Lhe Llsung AgreemenL wlLh SLock Lxchange, ceruñcaLe on half-yearly basls conñrmlng due compllance
of shares Lransfer formallues by Lhe Company from Þracuclng Company SecreLary have been submlued Lo SLock Lxchanges wlLhln
supulaLed ume.
x||) Shareho|d|ng as on 31
st
March, 2013
Shares held by dlñerenL caLegorles of shareholders and accordlng Lo Lhe slze of Lhe holdlngs as on 31
sL
March, 2013 are glven below:
Accord|ng to S|ze
a. D|str|bunon of shareho|d|ng accord|ng to s|ze, ¼ of ho|d|ng as on 31
st
March, 2013:
S|. No. Category 1ota| Shares ¼ 1o Lqu|ty
1 Þ8LSluLn1 Cl lnulA 3214024212 69.42
2 Þ8CMC1L8S 0 0.00
3 lnulAn Þu8LlC 191209474 4.13
4 llls 632343309 14.09
3 8CulLS CC8ÞC8A1L 191313318 4.14
6 Mu1uAL lunuS 110303277 2.38
7 8AnkS & ll 230086992 3.40
8 n8l/CC8s 3339084 0.08
9 C1PL8S 16679487 0.36
1ota| 462972S3S3 100
b. Shareho|d|ng pauern as on 31
st
March, 2013
ìZ
S. No. Name of the shareho|der Shares ¼ Lqu|ty Category
1 Þ8LSluLn1 Cl lnulA 3112734412 67.23 ÞCl
2 Lu8CÞAClllC C8CW1P lunu 162690336 3.31 lll
3 LllL lnSu8AnCL CC8ÞC8A1lCn Cl lnulA 140760197 3.04 lnS
4 Þ8LSluLn1 Cl lnulA 101269800 2.19 ÞCl
3 lClCl Þ8uuLn1lAL LllL lnSu8AnCL CCMÞAn? L1u 90093327 1.93 L1u
6 AML8lCAn lunuS lnSu8AnCL SL8lLS
ln1L8nA1lCnALlunu
61631640 1.33
lll
S. No Number of no|ders Number of Shares ¼ of tota| cap|ta| |ssued
1 Þhyslcal 14213 44738 0.00
2 Peld ln demaLerlallzed form ln nSuL 613737 4373112073 98.78
3 Peld ln demaLerlallzed form ln CuSL 237938 36368340 1.22
1ota| 88S910 462972S3S3 100.00
c. Ma[or Shareho|ders
ueLalls of Shareholders holdlng more Lhan 1° of Lhe pald-up caplLal of Lhe Company as on 31
sL
March, 2013 are glven below:
x|||) Demater|a||zanon of Shares
1he shares of Lhe Company are ln compulsory demaLerlallzed segmenL and are avallable for Lradlng sysLem of boLh nauonal Securlues
ueposlLory LlmlLed (nSuL) and CenLral ueposlLory Servlces (lndla) LlmlLed (CuSL).
SecreLarlal Palf-yearly AudlL 8eporLs for reconclllauon of Lhe share caplLal of Lhe Company obLalned from Þracuclng Company SecreLary
have been submlued Lo SLock Lxchange wlLhln supulaLed ume.
No. of shares he|d |n demater|a||zed and phys|ca| mode:
¼ of 1ota| Cap|ta| |ssued:
ìJ
1e|ephone No. Iax No.
8eglsLered Cmce 011-26360112, 26360121, 26364812, 26364892 011-26601081
lnvesLor Servlces ueparLmenL 0124-2371897 0124-2371897
L-mall lu lnvesLors[powergrldlndla.com
Þubllc Spokesperson (w.e.f. 21.03.2012)
Shrl 8avl Þ. Slngh, ulrecLor (Þersonnel)
0124-2371901-02 0124-2371903
L-mall lu ravlpslngh[powergrldlndla.com
Company SecreLary, Ms. ulvya1andon 0124-2371968 0124-2371969
L-mall lu dLandon[powergrldlndla.com
1he name and addresses of Lhe ueposlLorles are as under:
1. nauonal Securlues ueposlLory LlmlLed
1rade World, 4
Lh
lloor,
kamala Mllls Compound, SenapaLhl 8apaL Marg,
Lower Þarel, Mumbal - 400 013.
2. CenLral ueposlLory Servlces (lndla) LlmlLed
Þhlroze!ee[eebhoy 1owers,
17
Lh
lloor, ualal SLreeL, Mumbal - 400 023.
x|v) Cutstand|ng GDks]ADks]Warrants or any Convernb|e |nstruments, convers|on date and ||ke|y |mpact on equ|ty
no Cu8s/Au8s/WarranLs or any Converuble lnsLrumenLs have been lssued by Lhe Company.
xv) Locanon of ÞCWLkGkID Þ|ants
ÞCWL8C8lu has no planLs as lL ls ln Lhe buslness of 1ransmlsslon of Þower.
xv|) Address for correspondence:
Þower Crld Corporauon of lndla LlmlLed,
8-9, CuLab lnsuLuuonal Area,
kaLwarla Saral, new uelhl - 110 016.
D|spatch of Documents |n e|ectron|c form (GkLLN INI1IA1IVL)
1he MCA vlde Clrculars nos. 17/2011 and 18/2011 daLed Aprll 21, 2011 respecuvely (Lhe sald clrculars), has clarlñed LhaL a company would
be deemed Lo have complled wlLh Lhe provlslons of secuon 33 and 219(1) of Lhe companles acL,1936, ln case documenLs llke nouce, annual
reporLs, eLc., are senL ln elecLronlc form Lo lLs shareholders, sub[ecL Lo compllance wlLh Lhe condluons sLaLed Lhereln.
lurLher, ln Lerms of clause 32 of Lhe llsung agreemenLs, whlch was amended vlde Clrcular no. Cl8/Clu/ulL/2011 daLed CcLober 3, 2011
lssued by SL8l, llsLed companles are requlred Lo supply soû coples of Lhe sald documenLs Lo all Lhe shareholders who have reglsLered Lhelr
emall address (es) for Lhe purpose.
Accordlngly, Lhe sald documenLs wlll be senL by e-mall Lo Lhose members who have reglsLered Lhelr e-mall address (es) wlLh Lhelr uÞ/Lhe
company, ln Lerms of Lhe sald clause
Non-Mandatory kequ|rements
1. 1he 8oard: 1he Company ls headed by an execuuve Chalrman. no person has been appolnLed as lndependenL dlrecLor who has been
a ulrecLor, ln Lhe aggregaLe, exceedlng a perlod of nlne years on Lhe 8oard of ÞCWL8C8lu.
2. kemuneranon Comm|uee: ÞCWL8C8lu consuLuLed 8emunerauon Commluee for decldlng Lhe performance relaLed pay ln Lerms of
Lhe uÞL dlrecuve. 1he performance relaLed pay of ÞCWL8C8lu employees and full ume ulrecLors ls declded by Lhe 8emunerauon
Commluee.
3. Shareho|der k|ghts: 1he ñnanclal resulLs for Lhe half year ended 30
Lh
SepLember, 2012 were publlshed ln 1lmes of lndla and Lconomlcs
1lmes daLed 2
nd
november, 2012 and also puL up on webslLe. SeparaLe half year reporL has, however, noL been senL Lo each household
of shareholders. SlgnlñcanL evenLs have been dlsclosed on Lhe Company webslLe: www.powergrldlndla.com.
4. Aud|t qua||hcanons: 1he ñnanclal sLaLemenL for Lhe year 2012-13 has no audlL quallñcauons.
S. 1ra|n|ng of 8oard Members: A presenLauon onoperauons of Lhe Company and varlous lssues were glven Lo Lhe ulrecLors, lncludlng:
Cvervlew of ÞCWL8C8lu
Commerclal lssues
CapaclLy uullzauon vls-a-vls1ransmlsslon neLwork
8egulaLory lnslghL
Crld ManagemenL
1echnology lnluauves
Long 1erm Cpen Access
lnLernauonal 8uslness
CLher nouñcauons lssued by Lhe CovL. of lndla from ume Lo ume, eLc.
6. Wh|st|e 8|ower Þo||cy: 1he Company has separaLe vlgllance ueparLmenL whlch deals wlLh fraud or suspecLed fraud lnvolvlng employees/
represenLauves of suppllers, conLracLors, consulLanLs, servlce provlder or any oLher parLy dolng buslness wlLh ÞCWL8C8lu. WhlsLle
8lower Þollcy has been approved by Lhe 8oard of ulrecLors and lmplemenLed ln !uly, 2011.
Cernhcate on Corporate Governance:
1he CeruñcaLe on CorporaLe Covernance ls belng publlshed as an annexure Lo Lhe ulrecLors' 8eporL.

lor and on behalf of Lhe 8oard of ulrecLors
Þlace: new uelhl (k. N. Nayak)
uaLe: 06.08.2013 Chalrman & Managlng ulrecLor
Annexure-I
ì+
1o 2S.07.2013
1he Members,
Þower Gr|d Corporanon of Ind|a L|m|ted
l have examlned Lhe compllance of condluons of corporaLe governance by Þower Crld Corporauon of lndla LlmlLed, for Lhe year ended
on 31
sL
March, 2013 as supulaLed ln Lhe Clause 49 of Lhe Llsung AgreemenL ln respecL of LqulLy Shares of Lhe sald Company wlLh SLock
Lxchanges and ln uÞL Culdellnes,
1he compllance of condluons of corporaLe governance ls Lhe responslblllLy of Lhe managemenL. My examlnauon was llmlLed Lo Lhe
procedures and lmplemenLauon Lhereof, adopLed by Lhe Company for ensurlng Lhe compllance of Lhe condluons of Lhe CorporaLe
Covernance. lL ls nelLher an audlL nor an expresslon of oplnlon on Lhe ñnanclal sLaLemenL of Lhe Company.

ln my oplnlon and Lo Lhe besL of my lnformauon and accordlng Lo Lhe explanauon glven Lo us, l cerufy LhaL excepL Lhe composluon of Lhe
8oard of ulrecLor, parucularly wlLh regard Lo Lhe number of lndependenL dlrecLors Lhe company has ls shorL of Lhe requlremenLs spelL
ouL ln clause 49 of Lhe Llsung AgreemenL wlLh Lhe sLock exchanges as lndlcaLed ln paragraph 2.2 of 8eporL on CorporaLe Covernance, Lhe
Company has complled wlLh Lhe condluons of CorporaLe Covernance as supulaLed ln Lhe Llsung AgreemenL and ln uÞL Culdellnes.

l furLher sLaLe LhaL such compllance ls nelLher an assurance as Lo Lhe fuLure vlablllLy of Lhe Company nor Lhe emclency or eñecuveness
wlLh whlch Lhe managemenL has conducLed Lhe añalrs of Lhe Company.
(1.V. NAkA¥NASWAM¥)
CCMÞAN¥ SLCkL1Ak¥
Cernhcate on Corporate Governance
Annexure - VII to the D|rectors' keport
ì5
Secretar|a| Aud|t keport
1he 8oard of D|rectors
Þower Gr|d Corporanon of Ind|a L|m|ted
New De|h|
We have examlned Lhe reglsLers, records and documenLs of Þower Crld Corporauon of lndla LlmlLed (herelnaûer referred Lo as ºLhe
Company") for Lhe ñnanclal year ended on March 31, 2013 accordlng Lo Lhe provlslons of-
1he Companles AcL, 1936 (ºLhe AcL") and Lhe 8ules made Lhereunder,
1he followlng 8egulauons and Culdellnes prescrlbed under Lhe Securlues and Lxchange 8oard of lndla AcL, 1992 ('SL8l AcL')
- 1he Securlues and Lxchange 8oard of lndla (SubsLanual Acqulsluon of Shares and 1akeovers) 8egulauons 2011,
- 1he Securlues and Lxchange 8oard of lndla (Þrohlbluon of lnslder 1radlng) 8egulauons, 1992,
- 1he Securlues and Lxchange 8oard of lndla (lssue of CaplLal and ulsclosure 8equlremenLs) 8egulauons, 2009,
- 1he LqulLy Llsung AgreemenLs wlLh 8SL LlmlLed and nauonal SLock Lxchange of lndla LlmlLed.
- 1he regulauons as conLalned ln lorelgn Lxchange ManagemenL (1ransfer or lssue of SecurlLy by a person resldenL ouLslde lndla)
8egulauons, 2000 (lLMA 8egulauons).
1. 8ased on our examlnauon and verlñcauon of Lhe reglsLers, records and documenLs produced before us and accordlng Lo Lhe lnformauon
and explanauons glven Lo us by Lhe Company, lLs omcers, agenLs and auLhorlzed represenLauves durlng Lhe conducL of secreLarlal audlL,
we hereby reporL LhaL ln our oplnlon, Lhe Company durlng Lhe audlL perlod coverlng Lhe ñnanclal year ended on 2012-13 has complled
wlLh Lhe provlslons of Lhe AcL and Lhe 8ules made Lhereunder and Lhe Memorandum and Arucles of Assoclauon of Lhe Company, wlLh
regard Lo:
l. malnLenance of varlous sLaLuLory reglsLers and documenLs and maklng necessary enLrles Lhereln,
ll. closure of Lhe 8eglsLer of Members,
lll. forms, reLurns, documenLs and resoluuons requlred Lo be ñled wlLh Lhe 8eglsLrar of Companles, nC1 of uelhl & Paryana, SLock
Lxchanges and Lhe CenLral CovernmenL.
lv. servlce of documenLs by Lhe Company on lLs Members, 8ond holders and 8ond 1rusLees,
v. nouce of Lhe 8oard Meeungs and Commluee meeungs of ulrecLors,
vl. Lhe meeungs of ulrecLors and Commluees of ulrecLors lncludlng passlng of resoluuons by clrculauon,
vll. Lhe 23
rd
Annual Ceneral Meeung held on SepLember 19
Lh
, 2012,
vlll. mlnuLes of proceedlngs of Ceneral Meeungs (lncludlng ÞosLal 8alloL under Secuon 192A of Lhe AcL Lhereof) and of 8oard and lLs
Commluees,
lx. approvals of Lhe Members, Lhe 8oard of ulrecLors, Lhe Commluees of ulrecLors and CovernmenL AuLhorlues, wherever
requlred.
x. consuLuuon of Lhe 8oard of ulrecLors / Commluee(s) of ulrecLors and appolnLmenL & reuremenL of ulrecLors,
xl. paymenL of remunerauon Lo Lhe ulrecLors lncludlng Lhe Managlng ulrecLor and Whole- ume ulrecLors,
xll. appolnLmenL and remunerauon of AudlLors and CosL AudlLors,
xlll. paymenL of lnLeresL on bonds and redempuon of bonds,
xlv. declarauon and paymenL of dlvldend,
xv. borrowlngs and reglsLrauon of charges,
xvl. lnvesLmenL of Lhe Company's funds lncludlng loans and lnvesLmenLs,
xvll. form of 8alance SheeL as prescrlbed under ÞarL l of 8evlsed Schedule vl Lo Lhe AcL and requlremenLs as Lo SLaLemenL of ÞroñL &
Loss as per ÞarL ll of Lhe sald Schedule,
xvlll. conLracLs, common seal, reglsLered omce and publlcauon of name of Lhe Company,
2. We furLher reporL LhaL:
l. 1he ulrecLors have complled wlLh Lhe requlremenLs as Lo dlsclosure of lnLeresLs and concerns ln conLracLs and arrangemenLs,
shareholdlngs and dlrecLorshlps ln oLher companles and lnLeresLs ln oLher enuues,
ll. 1he ulrecLors have complled wlLh Lhe dlsclosure requlremenLs ln respecL of Lhelr ellglblllLy of appolnLmenL, Lhelr belng lndependenL
and compllance wlLh Lhe code of 8uslness ConducL & LLhlcs for ulrecLors and ManagemenL Þersonnel.
lll. 1he Company has obLalned all necessary approvals under Lhe varlous provlslons of Lhe AcL, wherever appllcable,
Annexure - VIII to the D|rectors' keport
ìë
lv. uurlng Lhe perlod of AudlL, Lhere was no prosecuuon lnluaLed agalnsL or show cause nouce recelved by Lhe Company, lLs ulrecLors
and Cmces under Lhe provlslons of Lhe AcL, SL8l AcL, lLMA 8egulauons and Llsung AgreemenL(s).
3. We furLher reporL LhaL :
l. 1he Company has complled wlLh Lhe requlremenLs under Lhe LqulLy Llsung AgreemenLs enLered lnLo wlLh Lhe 8SL LlmlLed and
Lhe nauonal SLock Lxchange of lndla LlmlLed excepL LhaL for parL of Lhe perlod under revlew Lhe Company dldn'L have requlred
number of lndependenL dlrecLors on lLs 8oard ln Lerms of provlslons of Clause 49(l)(A) of Llsung AgreemenL, as Lhe CovernmenL
of lndla Crder's for appolnLmenL of lndependenL dlrecLors was awalLed.
ll. 1he Company has complled wlLh Lhe provlslons of Lhe Securlues and Lxchange 8oard of lndla (SubsLanual Acqulsluon of Shares
and 1akeovers) 8egulauons, 2011.
lll. 1he Company has complled wlLh Lhe provlslons of Lhe Securlues and Lxchange 8oard of lndla (Þrohlbluon of lnslder 1radlng)
8egulauons, 1992 lncludlng Lhe provlslons wlLh regard Lo dlsclosures and malnLenance of records requlred under Lhe
8egulauons.
lv. 1he Company has complled wlLh Lhe provlslons of lorelgn Lxchange ManagemenL (1ransfer or lssue of SecurlLy by a person
resldenL ouLslde lndla) 8egulauons, 2000.
lor SANIA¥ GkCVLk & ASSCCIA1LS
CCMÞAn? SLC8L1A8lLS
sd/-
SANIA¥ GkCVLk
lCS no.4223
C.Þ. no. 3830
uaLe: !uly 16, 2013
Þlace: new uelhl
ìì
I. LÇUI1¥ AND LIA8ILI1ILS
Shareho|ders' funds
(a) Share caplLal 2.1 4629.73 4629.73
(b) 8eserves and surplus 2.2 21609.74 18838.03
26239.47 23487.78
Deferred revenue 2.3 3717.60 2776.27
Non-current ||ab|||nes
(a) Long-Lerm borrowlngs 2.4 63076.27 49119.19
(b) ueferred Lax llablllues (neL) 2.3 1939.16 1600.88
(c) CLher long Lerm llablllues 2.6 989.93 1431.73
(d) Long-Lerm provlslons 2.7 442.63 421.49
66467.99 32373.29
Current ||ab|||nes
(a) ShorL-Lerm borrowlngs 2.8 2000.00 1630.00
(b) 1rade payables 2.9 246.73 200.78
(c) CLher currenL llablllues 2.10 11693.46 8463.36
(d) ShorL-Lerm provlslons 2.11 768.31 1036.67
14708.S0 11371.01
1ota| 111133.S6 90208.33
II. ASSL1S
non-currenL asseLs
(a) llxed asseLs
(l) 1anglble asseLs 2.12 60877.69 47339.78
(ll) lnLanglble asseLs 2.13 322.93 322.32
(lll) CaplLal work ln progress 2.14 18921.30 13499.89
(lv) lnLanglble asseLs under developmenL 2.13 193.62 73.61
80S1S.S6 63233.80
(b) ConsLrucuon sLores 2.16 1S708.62 12610.04
(c) non-currenL lnvesLmenLs 2.17 964.24 1101.19
(d) ueferred forelgn currency ßucLuauon asseL 1716.29 1316.67
(e) Long-Lerm loans and advances 2.18 3963.40 3614.76
8643.93 8032.62
Current assets
(a) CurrenL lnvesLmenLs 2.19 183.26 183.26
(b) lnvenLorles 2.20 331.33 440.31
(c) 1rade recelvables 2.21 1434.09 1497.49
(d) Cash and 8ank balances 2.22 1661.97 2336.88
(e) ShorL-Lerm loans and advances 2.23 393.03 423.96
(f) CLher currenL asseLs 2.24 1839.37 1443.99
626S.4S 6329.89
1ota| 111133.S6 90208.33
Accounung Þollcles 1
noLes on AccounLs 2
noLes referred above are lnLegral parL of Lhe 8alance SheeL
(D|vya 1andon) (k.1. Agarwa|) ( k. N. Nayak)
Company secreLary ulrecLor (llnance) Chalrman & Managlng ulrecLor
As per our report of even date
Ior S.k. Mehta & Co. Ior Chauer[ee & Co. Ior Sagar & Assoc|ates
CharLered AccounLanLs CharLered AccounLanLs CharLered AccounLanLs
llrm 8egn no. 000478 n llrm 8egn no. 302114 L llrm 8egn no. 003310 S
(CA. Iyon 8agga) ( CA. k.N.8asu) (CA. 8.Sr|n|vasa kao)
ÞarLner ÞarLner ÞarLner
Membershlp no. 087002 Membershlp no. 030430 Membershlp no. 202332
Þlace: Curgaon
uaLe:28
Lh
May, 2013
Ior and on beha|f of the 8oard of D|rectors
Þarncu|ars
8a|ance Sheet as at 31
st
March, 2013
(` ln Crore)
Note No.
As at 31
st

March, 2013
As at 31
st

March, 2012
ìe
(D|vya 1andon) (k.1. Agarwa|) ( k. N. Nayak)
Company secreLary ulrecLor (llnance) Chalrman & Managlng ulrecLor
As per our report of even date
Ior S.k. Mehta & Co. Ior Chauer[ee & Co. Ior Sagar & Assoc|ates
CharLered AccounLanLs CharLered AccounLanLs CharLered AccounLanLs
llrm 8egn no. 000478 n llrm 8egn no. 302114 L llrm 8egn no. 003310 S
(CA. Iyon 8agga) ( CA. k.N.8asu) (CA. 8.Sr|n|vasa kao)
ÞarLner ÞarLner ÞarLner
Membershlp no. 087002 Membershlp no. 030430 Membershlp no. 202332
Þlace: Curgaon
uaLe:28
Lh
May, 2013
Ior and on beha|f of the 8oard of D|rectors
I. kevenue from operanons 2.23 127S7.8S 10164.27
II. Cther |ncome 2.26 S70.89 620.74
III. 1ota| kevenue (I + II) 13328.74 10783.01
IV. Lxpenses:
Þurchases of sLock-ln-Lrade 63.S0 -
Lmployee beneñLs expense 2.27 886.40 842.97
llnance cosLs 2.28 2S3S.22 1943.26
uepreclauon and amoruzauon expense 2.29 33S1.92 2372.34
1ransmlsslon, AdmlnlsLrauon and oLher Lxpenses 2.30 871.S4 809.98
1oLal expenses 7708.S8 6168.73
V. Þroht before Þr|or per|od |tems and tax (III - IV) S620.16 4616.26
VI. Þr|or per|od |tems (Net) 2.31 (24.70) 18.66
VII. Þroht before tax (V - VI) S644.86 4397.60
VIII. 1ax expense:
(1) CurrenL Lax - CurrenL ?ear 1071.30 891.10
- Larller years (19.42) (2.39)
1032.08 888.31
(2) ueferred Lax - CurrenL ?ear 341.80 434.14
- Larller years 16.48 -
338.28 434.14
1410.36 1342.63
Ik. Þroht for the year (VII-VIII) 4234.S0 3234.93
k. Larn|ngs per equ|ty share: 2.46
(1) 8aslc 9.1S 7.03
(2) ulluLed 9.1S 7.03
Accounung Þollcles 1
noLes on AccounLs 2
noLes referred above are lnLegral parL of Lhe SLaLemenL of ÞroñL and Loss.
(` ln Crore)
Þarncu|ars
Statement of Þroht and Loss for the year ended 31
st
March, 2013
Note No.
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
ìJ
A. CASn ILCW IkCM CÞLkA1ING AC1IVI1ILS
Net Þroht 8efore 1ax S644.86 4397.60
Ad[ustment for :
uepreclauon (lncludlng prlor perlod) 3379.69 2610.29
1ransfer from CranLs ln Ald (22.29) (31.99)
ueferred revenue - Advance agalnsL uepreclauon (48.82) (32.29)
Amorused LxpendlLure(u8L wrluen oñ) - 2.41
Þrovlslons 2.7S 2.30
1ransfer from Self lnsurance 8eserve (0.3S) (0.81)
neL Loss on ulsposal / WrlLe oñ of llxed AsseLs 6.38 1.21
lnLeresL and llnance Charges 2609.14 1838.83
Þrovlslons Wrluen 8ack (S9.24) (40.79)
lL8v loss / (galn) (73.92) 84.43
lnLeresL earned on 8onds and loans Lo SLaLe CovLs. (262.46) (81.76)
ulvldend recelved (60.68) (34.18)
Cperanng proht before Work|ng Cap|ta| Changes 1111S.06 8913.23
Ad[ustment for :
(lncrease)/uecrease ln lnvenLorles (111.21) (38.80)
(lncrease)/uecrease ln 1rade 8ecelvables 120.82 (1201.33)
(lncrease)/uecrease ln Loans and Advances (411.S7) (1679.43)
(lncrease)/uecrease ln CLher currenL asseLs (412.19) 1390.83
lncrease/(uecrease) ln Llablllues & Þrovlslons 1802.23 (284.70)
lncrease/(uecrease) ln ueferred lncome/LxpendlLure from lorelgn Currency llucLuauon(neL) (120.48) (43.11)
(lncrease)/uecrease ln ueferred lorelgn Currency llucLuauon AsseL/LlablllLy(neL) 13S.33 127.63
1002.93 (1330.91)
ulrecL Laxes pald (1071.9S) (961.81)
Net Cash from operanng acnv|nes 11046.04 6402.33

8. CASn ILCW IkCM INVLS1ING AC1IVI1ILS
llxed asseLs (lncludlng lncldenLal expendlLure durlng consLrucuon) (440.23) (663.88)
CaplLal work ln progress (18611.99) (13861.17)
ConsLrucuon SLores (3098.S8) (1860.79)
(lncrease)/uecrease ln lnvesLmenLs 136.9S 113.90
(lncrease)/uecrease ln Long 1erm Loans under Securlusauon Scheme 7.72 13.42
Loans & Advances Lo Subsldlarles - 97.20
Lease recelvables (46.32) 183.26
lnLeresL earned on 8onds and loans Lo SLaLe CovLs. 281.07 89.33
ulvldend recelved 60.68 34.18
Net cash used |n |nvesnng acnv|nes (21710.70) (13834.33)

Þarncu|ars
Cash I|ow Statement for the year ended 31
st
March, 2013
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(` ln Crore)
eJ
C. CASn ILCW IkCM IINANCING AC1IVI1ILS
Loans ralsed durlng Lhe year 18042.83 14363.03
Loans repald durlng Lhe year (4248.08) (3666.93)
lnLeresL and llnance Charges Þald (223S.S9) (1304.94)
ulvldend pald (13S1.89) (949.11)
ulvldend 1ax pald (217.S2) (133.43)
Net Cash from I|nanc|ng Acnv|nes 9989.7S 8088.62

D. Net change |n Cash and Cash equ|va|ents(A+8+C) (674.91) (1343.18)
L. Cash and Cash equ|va|ents(Cpen|ng ba|ance) 2336.88 3680.06
I. Cash and Cash equ|va|ents(C|os|ng ba|ance) 1661.97 2336.88
Notes:
Cash and cash equlvalenLs conslsLs of Cash ln hand and balances wlLh banks. Cash and cash equlvalenLs lncluded ln Lhe cash ßow sLaLemenL
comprlse of followlng balance sheeL amounLs as per noLe 2.22.
Cash and cash equlvalenLs 1,6S3.S1 1,830.93
CLher 8ank balances (*) 8.46 303.93
1,661.97 2,336.88
(*) 8reak up of CLher 8ank balances
1. 8alance ln currenL accounLs (unclalmed dlvldend) 8.46 3.93
2. ln Lerm deposlLs (lÞC proceeds for uullsauon for ldenuñed pro[ecLs) - 300.00
8.46 S0S.93
Þrev|ous year hgures have been re-grouped ] re-arranged wherever necessary.
Þarncu|ars
Cash I|ow Statement for the year ended 31
st
March, 2013 (contd...)
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(` ln Crore)
(D|vya 1andon) (k.1. Agarwa|) ( k. N. Nayak)
Company secreLary ulrecLor (llnance) Chalrman & Managlng ulrecLor
As per our report of even date
Ior S.k. Mehta & Co. Ior Chauer[ee & Co. Ior Sagar & Assoc|ates
CharLered AccounLanLs CharLered AccounLanLs CharLered AccounLanLs
llrm 8egn no. 000478 n llrm 8egn no. 302114 L llrm 8egn no. 003310 S
(CA. Iyon 8agga) ( CA. k.N.8asu) (CA. 8.Sr|n|vasa kao)
ÞarLner ÞarLner ÞarLner
Membershlp no. 087002 Membershlp no. 030430 Membershlp no. 202332
Þlace: Curgaon
uaLe:28
Lh
May, 2013
Ior and on beha|f of the 8oard of D|rectors
e1
1.1 8ASIS CI ÞkLÞAkA1ICN CI IINANCIAL S1A1LMLN1S
1he ñnanclal sLaLemenLs are prepared on accrual basls of accounung under Lhe hlsLorlcal cosL convenuon and ln accordance wlLh
generally accepLed accounung prlnclples ln lndla and Lhe relevanL provlslons of Lhe Companles AcL, 1936 lncludlng Accounung
SLandards nouñed Lhere under.
1.2 USL CI LS1IMA1LS
1he preparauon of ñnanclal sLaLemenLs requlres esumaLes and assumpuons LhaL añecL Lhe reporLed amounL of asseLs, llablllues,
revenue and expenses durlng Lhe reporung perlod. AlLhough, such esumaLes and assumpuons are made on a reasonable and
prudenL basls Laklng lnLo accounL all avallable lnformauon, acLual resulLs could dlñer from Lhese esumaLes and assumpuons and
such dlñerences are recognlzed ln Lhe perlod ln whlch Lhe resulLs are crysLalllzed.
1.3 kLSLkVLS AND SUkÞLUS
Self lnsurance reserve ls creaLed [ 0.1° p.a. on Cross 8lock of llxed AsseLs (excepL asseLs covered under mega lnsurance pollcy)
as aL Lhe end of Lhe year by approprlaung currenL year proñL Lowards fuLure losses whlch may arlse from un-lnsured rlsks. 1he
same ls shown as ºSelf lnsurance reserve" under '8eserves & Surplus'.
1.4 GkAN1S-IN-AID
1.4.1 CranLs-ln-ald recelved from CenLral CovernmenL or oLher auLhorlues Lowards caplLal expendlLure for pro[ecLs, beuermenL of
Lransmlsslon sysLems and speclñc depreclable asseLs are shown as ºgranLs-ln-ald" ull Lhe uullzauon of granL.
1.4.2 Cn caplLallzauon of relaLed asseLs, granLs recelved for speclñc depreclable asseLs are LreaLed as deferred lncome and recognlzed
ln Lhe SLaLemenL of ÞroñL and Loss over Lhe useful llfe of relaLed asseL and ln proporuon Lo whlch depreclauon on Lhese asseLs ls
provlded.
1.S IIkLD ASSL1S
1.3.1 llxed asseLs are shown aL hlsLorlcal cosL comprlslng of purchase prlce and any aurlbuLable cosL of brlnglng Lhe asseLs Lo lLs
worklng condluon for lLs lnLended use.
1.3.2 ln Lhe case of commlssloned asseLs, deposlL works/cosL- plus conLracLs where ñnal seulemenL of bllls wlLh conLracLors ls yeL Lo be
añecLed, caplLallzauon ls done on provlslonal basls sub[ecL Lo necessary ad[usLmenLs ln Lhe year of ñnal seulemenL.
1.3.3 AsseLs and sysLems common Lo more Lhan one Lransmlsslon sysLem are caplLallsed on Lhe basls of Lechnlcal esumaLes/
assessmenLs
1.3.4 1ransmlsslon sysLem asseLs are consldered when Lhey are '8eady for lnLended use', for Lhe purpose of caplLallzauon, aûer
LesL charglng/successful commlsslonlng of Lhe sysLems/asseLs and on compleuon of sLablllzauon perlod wherever Lechnlcally
requlred.
1.3.3 1he cosL of land lncludes provlslonal deposlLs, paymenLs/llablllues Lowards compensauon, rehablllLauon and oLher expenses
wherever possesslon of land ls Laken.
1.3.6 LxpendlLure on levelllng, clearlng and gradlng of land ls caplLallsed as parL of cosL of Lhe relaLed bulldlngs.
1.3.7 lnsurance spares, whlch can be used only ln connecuon wlLh an lLem of ñxed asseL and whose use ls expecLed Lo be aL lrregular
lnLervals are caplLallzed and depreclaLed over Lhe resldual useful llfe of Lhe relaLed planL & machlnery. ln case Lhe year of purchase
and consumpuon ls same, amounL of lnsurance spares are charged Lo revenue.
1.3.8 MandaLory spares ln Lhe naLure of sub-sLauon equlpmenLs /caplLal spares l.e. sLand-by/servlce/roLauonal equlpmenL and unlL
assemblles elLher procured along wlLh Lhe equlpmenLs or subsequenLly, are caplLallzed and depreclauon ls charged ln accordance
wlLh Lhe relevanL accounung sLandard. ln case Lhe year of purchase & consumpuon ls same, amounL of mandaLory spares are
charged Lo revenue.
1.6 CAÞI1AL WCkk - IN - ÞkCGkLSS (CWIÞ)
1.6.1 CosL of maLerlal consumed, erecuon charges Lhereon along wlLh oLher relaLed expenses lncurred for Lhe pro[ecLs are shown as
CWlÞ ull Lhe daLe of caplLallzauon.
1.6.2 LxpendlLure of CorporaLe omce, 8eglonal Cmces and Þro[ecLs, aurlbuLable Lo consLrucuon of ñxed asseLs are ldenuñed and
allocaLed on a sysLemauc basls Lo Lhe cosL of Lhe relaLed asseLs.
1.6.3 lnLeresL durlng consLrucuon and expendlLure (neL) allocaLed Lo consLrucuon as per pollcy no. 1.6.2 above (allocaLed Lo Lhe
pro[ecLs on proraLe basls Lo Lhelr caplLal expendlLure), are apporuoned Lo caplLal work ln progress (CWlÞ) on Lhe closlng balance
of speclñc asseL or parL of asseL belng caplLallzed. 8alance, lf any, leû aûer such caplLallzauon ls kepL as a separaLe lLem under Lhe
CWlÞ Schedule .
1.6.4 ueposlL works/cosL-plus conLracLs are accounLed for on Lhe basls of sLaLemenL recelved from Lhe conLracLors or Lechnlcal
assessmenL of work compleLed.
1.6.3 unseuled llablllLy for prlce varlauon/ exchange raLe varlauon ln case of conLracLs are accounLed for on esumaLed basls as per
Lerms of Lhe conLracLs.
1.7 IN1ANGI8LL ASSL1S
1.7.1 1he cosL of soûware (whlch ls noL an lnLegral parL of Lhe relaLed hardware) acqulred for lnLernal use and resulung ln slgnlñcanL
fuLure economlc beneñLs, ls recognlzed as an lnLanglble asseLs ln Lhe books of accounLs when Lhe same ls ready for lLs use.
1.7.2 AñoresLauon charges pald for acqulrlng rlghL-of-way of laylng Lransmlsslon llnes are accounLed for as lnLanglble asseLs and
same are amoruzed followlng Lhe raLes and meLhodology nouñed by CenLral LlecLrlclLy 8egulaLory Commlsslon (CL8C) 1arlñ
8egulauon.
NC1L 1 - Accounnng Þo||c|es
eZ
1.8 CCNS1kUC1ICN S1CkLS
ConsLrucuon sLores are valued aL cosL.
1.9 8CkkCWING CCS1
1.9.1 All Lhe borrowed funds (excepL shorL Lerm funds for worklng caplLal) are earmarked Lo speclñc pro[ecLs. 1he borrowlng cosLs
(lncludlng bond lssue expenses, lnLeresL, dlscounL on bonds, fronL end fee, guaranLee fee, managemenL fee eLc.) are allocaLed Lo
Lhe pro[ecLs ln proporuon Lo Lhe funds so earmarked.
1.9.2 1he borrowlng cosLs so allocaLed are caplLallsed or charged Lo revenue, based on wheLher Lhe pro[ecL ls under consLrucuon or ln
operauon.
1.10 1kANSAC1ICN IN ICkLIGN CUkkLNC¥
1.10.1 1ransacuons ln forelgn currencles are lnlually recorded aL Lhe exchange raLe prevalllng on Lhe daLe of Lransacuon. lorelgn currency
moneLary lLems are LranslaLed wlLh reference Lo Lhe raLes of exchange rullng on Lhe daLe of Lhe 8alance SheeL. non-moneLary
lLems denomlnaLed ln forelgn currency are reporLed aL Lhe exchange raLe rullng on Lhe daLe of Lransacuon.
1.10.2 lorelgn Lxchange 8aLe varlauon (lL8v) arlslng on seulemenL / Lranslauon of forelgn currency loans relaung Lo ñxed asseLs/
caplLal work-ln-progress are ad[usLed Lo Lhe carrylng cosL of relaLed asseLs.
1.10.3 lL8v accounLed for as per pollcy no 1.10.2 ls recoverable/payable from Lhe beneñclarles on acLual paymenL basls as per
CenLral LlecLrlclLy 8egulaLory Commlsslon (CL8C) norms w.e.f. 1
sL
Aprll, 2004 or uaLe of Commerclal Cperauon (uCCC)
whlch ever ls laLer.
1he above lL8v Lo Lhe exLenL recoverable or payable as per Lhe CL8C norms ls accounLed for as follows:
a) lL8v recoverable/payable ad[usLed Lo carrylng cosL of ñxed asseLs ls accounLed for as 'ueferred forelgn currency ßucLuauon
asseL/llablllLy a/c' wlLh a correspondlng credlL/deblL Lo 'ueferred lncome/expendlLure from forelgn currency ßucLuauon a/c'.
b) 'ueferred lncome/expendlLure from forelgn currency ßucLuauon a/c' ls amoruzed ln Lhe proporuon ln whlch depreclauon ls
charged on such lL8v.
c) 1he amounL recoverable/payable as per CL8C norms on year Lo year basls ls ad[usLed Lo Lhe 'ueferred forelgn currency
ßucLuauon asseL/llablllLy a/c' wlLh correspondlng credlL/ deblL Lo Lhe Lrade recelvables.
1.10.4 lL8v earller charged Lo SLaLemenL of ÞroñL and Loss & lncluded ln Lhe caplLal cosL for Lhe purpose of Larlñ ls ad[usLed agalnsL
'ueferred forelgn currency ßucLuauon asseL/llablllLy a/c' ln Lhe followlng manner:
l) uepreclauon componenL of Lransmlsslon charges (belng 90° of such lL8v) ls ad[usLed agalnsL ueferred forelgn currency
ßucLuauon asseL/llablllLy a/c ln Lhe Lransmlsslon charges.
ll) 8alance 10° ls ad[usLed agalnsL Lhe Lransmlsslon charges over Lhe Lenure of respecuve loan.
1.10.3 lL8v arlslng ouL of seulemenL/Lranslauon of long Lerm moneLary lLems (oLher Lhan forelgn currency loans) relaung Lo ñxed
asseLs/CWlÞ are ad[usLed ln Lhe carrylng cosL of relaLed asseLs.
1.10.6 lL8v arlslng durlng Lhe consLrucuon perlod from seulemenL/Lranslauon of moneLary lLems denomlnaLed ln forelgn currency (oLher
Lhan long Lerm) Lo Lhe exLenL recoverable/payable Lo Lhe beneñclarles as caplLal cosL as per CL8C Larlñ 8egulauon are accounLed
as 'ueferred forelgn currency ßucLuauon asseL/llablllLy a/c'. 1ransmlsslon charges recognlsed on such amounL ls ad[usLed agalnsL
above accounL.
1.10.7 CLher exchange dlñerences are recognlzed as lncome or expenses ln Lhe perlod ln whlch Lhey arlse.
1.11 INVLS1MLN1S
1.11.1 CurrenL lnvesLmenLs are valued aL lower of cosL and falr value deLermlned on an lndlvldual lnvesLmenL basls.
1.11.2 Long Lerm lnvesLmenLs are carrled aL cosL. Þrovlslon ls made for dlmlnuuon oLher Lhan Lemporary, ln Lhe value of such
lnvesLmenLs.
1.12 INVLN1CkILS
1.12.1. lnvenLorles are valued aL lower of Lhe cosL, deLermlned on welghLed average basls and neL reallzable value.
1.12.2 SLeel scrap and conducLor scrap are valued aL esumaLed reallzable value or book value, whlchever ls less.
1.12.3 MandaLory spares of consumable naLure and Lransmlsslon llne lLems are LreaLed as lnvenLory aûer commlsslonlng
of Lhe sysLem.
1.12.4 Surplus maLerlals as deLermlned by Lhe managemenL are held for lnLended use and are lncluded ln Lhe lnvenLory.
1.12.3 1he dlmlnuuon ln Lhe value of obsoleLe, unservlceable and surplus sLores and spares ls ascerLalned on revlew and
provlded for.
1.13 kLVLNUL kLCCGNI1ICN
1.13.1 1ransmlsslon lncome ls accounLed for based on Larlñ orders nouñed by Lhe CL8C. ln case of Lransmlsslon pro[ecLs where ñnal
Larlñ orders are yeL Lo be nouñed, Lransmlsslon lncome ls accounLed for as per Larlñ norms and oLher amendmenLs nouñed
by Lhe CL8C ln slmllar cases. ulñerence, lf any, ls ad[usLed based on lssuance of ñnal nouñcauon of Larlñ orders by Lhe CL8C.
1ransmlsslon lncome ln respecL of addluonal caplLal expendlLure lncurred aûer Lhe daLe of commerclal operauon ls accounLed
based on acLual expendlLure lncurred on year Lo year basls as per Larlñ norms of Lhe CL8C.
1.13.2 lncome from shorL Lerm open access ls accounLed for on Lhe basls of regulauons nouñed by Lhe CL8C.
1.13.3 1he 1ransmlsslon sysLem lncenuve / dlslncenuve ls accounLed for based on ceruñcauon of avallablllLy by Lhe respecuve 8eglonal
Þower Commluees and ln accordance wlLh Lhe norms nouñed / approved by Lhe CL8C.
eJ
1.13.4 ADVANCL AGAINS1 DLÞkLCIA1ICN
1.13.4.1 Advance agalnsL depreclauon (AAu), formlng parL of Larlñ perLalnlng upLo Lhe block perlod 2004-09, Lo faclllLaLe repaymenL
of loans, ls reduced from Lransmlsslon lncome and consldered as deferred lncome Lo be lncluded ln Lransmlsslon lncome ln
subsequenL years.
1.13.4.2 1he ouLsLandlng deferred lncome ln respecL of AAu ls recognlzed as Lransmlsslon lncome, aûer Lwelve years from Lhe end of Lhe
ñnanclal year ln whlch Lhe asseL was commlssloned, Lo Lhe exLenL depreclauon recovered ln Lhe Larlñ durlng Lhe year ls lower
Lhan depreclauon charged ln Lhe accounLs.
1.13.3 Surcharge recoverable from Lrade recelvables and llquldaLed damages / warranLy clalms / lnLeresL on advances Lo suppllers are
recognlzed when no slgnlñcanL uncerLalnLy as Lo measurablllLy and collecLablllLy exlsLs.
1.13.6 1elecom lncome ls accounLed for on Lhe basls of Lerms of agreemenLs/ purchase orders from Lhe cusLomers.
1.13.7 lncome from sole consulLancy conLracLs are accounLed for on Lechnlcal assessmenL of progress of servlces rendered.
1.13.8 ln respecL of 'CosL-plus-consulLancy conLracLs', lnvolvlng execuuon on behalf of Lhe cllenL, lncome ls accounLed for (wherever
lnlual advances recelved) ln phased manner as under:
a. 10° on Lhe lssue of nouce lnvlung 1ender for execuuon
b. 3° on Lhe Award of ConLracLs for execuuon
c. 8alance 83° on Lhe basls of acLual progress of work lncludlng supplles
1.13.9 lncome from Sale of Coods ls recognlzed on Lhe Lransfer of slgnlñcanL rlsks and reward of ownershlp Lo Lhe buyer.
1.13.10 Appllcauon lees recelved on accounL of Long 1erm Cpen Access (L1CA) Charges ls accounLed for as and when recelved ln
accordance wlLh CL8C Culdellnes.
1.13.11 Scrap oLher Lhan sLeel scrap & conducLor scrap are accounLed for as and when sold.
1.13.12 ulvldend lncome ls recognlzed when rlghL Lo recelve paymenL ls esLabllshed.
1.14 LLASLD ASSL1S - UNIIILD LCAD DLSÞA1Cn CLN1kL (ULDC)
1.14.1 SLaLe secLor unlñed load dlspaLch cenLre (uLuC) asseLs leased Lo Lhe beneñclarles are consldered as llnance Lease. neL lnvesLmenL
ln such leased asseLs along wlLh accreuon ln subsequenL years ls accounLed for as Lease 8ecelvables under long Lerm loans &
advances. Wherever granL-ln-ald ls recelved for consLrucuon of SLaLe SecLor uLuC, lease recelvable ls accounLed for neL of such
granL.
1.14.2 llnance lncome on leased asseLs are recognlsed based on a pauern reßecung a consLanL perlodlc raLe of reLurn on Lhe neL
lnvesLmenL as per Lhe levelllsed Larlñ nouñed/Lo be nouñed by Lhe CL8C.
1.14.3 lL8v on forelgn currency loans relaung Lo leased asseLs ls ad[usLed Lo Lhe amounL of lease recelvables and ls amorused over
Lhe remalnlng Lenure of lease. lL8v recovery (as per CL8C norms) from Lhe consuLuenLs ls recognlsed neL of such amorused
amounL.
1.1S DLÞkLCIA1ICN ] AMCk1I2A1ICN
1.13.1 uepreclauon / amoruzauon ls provlded on sLralghL llne meLhod followlng Lhe raLes and meLhodology nouñed by Lhe CL8C for Lhe
purpose of recovery of Larlñ excepL for Lhe followlng asseLs ln respecL of whlch depreclauon / amoruzauon ls provlded aL Lhe raLes
menuoned below:
a) CompuLers & Þerlpherals 30°
b) Moblle Þhones 33.33°
c) Soûware 33.33°
1.13. 2 uLuC asseLs are depreclaLed on SLralghL Llne MeLhod [ 6.67° per annum as deLermlned by Lhe CL8C for levelllzed Larlñ.
1.13. 3 uepreclauon on asseLs of Lelecom and consulLancy buslness, ls provlded for on sLralghL llne meLhod as per raLes speclñed ln
Schedule xlv of Lhe Companles AcL, 1936.
1.13.4 uepreclauon on addluons Lo/deducuons from ñxed asseLs durlng Lhe year ls charged on pro-raLa basls.
1.13.3 Where Lhe cosL of depreclable asseL has undergone a change due Lo lncrease/decrease ln long Lerm moneLary lLems on accounL
of exchange raLe ßucLuauon, prlce ad[usLmenL, change ln duues or slmllar facLors, Lhe unamoruzed balance of such asseL ls
depreclaLed prospecuvely aL Lhe raLes and meLhodology as speclñed by Lhe CL8C 1arlñ 8egulauons, excepL for Lelecom asseLs
where resldual llfe ls deLermlned on Lhe basls of raLes of depreclauon as speclñed ln Schedule xlv of Lhe Companles AcL, 1936.
1.13.6 ÞlanL and machlnery, loose Lools and lLems of sclenuñc appllances, lncluded under dlñerenL heads of asseLs, cosung ` 3000/- or
less, or where Lhe wrluen down value ls ` 3000/- or less as aL Lhe beglnnlng of Lhe year, are charged oñ Lo revenue.
1.13.7 CLher ñxed asseLs cosung upLo ` 3000/- are fully depreclaLed ln Lhe year of acqulsluon.
1.13.8 Leasehold Land ls fully amoruzed over 23 years or lease perlod whlchever ls lower ln accordance wlLh Lhe raLes and meLhodology
speclñed ln Lhe CenLral LlecLrlclLy 8egulaLory Commlsslon (1erms and Condluons of 1arlñ) 8egulauons, 2009. Lease hold Land
acqulred on perpeLual lease ls noL amorused.
1.13.9 ln Lhe case of asseLs of nauonal Lhermal power corporauon llmlLed (n1ÞC) , nauonal hydro-elecLrlc power corporauon llmlLed
(nPÞC), norLh-easLern elecLrlc power corporauon llmlLed (nLLÞCC), neyvell llgnlLe corporauon llmlLed (nLC) Lransferred w.e.f.
Aprll 1, 1992, !ammu and kashmlr Llnes w.e.f. Aprll 1, 1993, and 1ehrl hydro developmenL corporauon llmlLed (1PuC) w.e.f. AugusL
1, 1993, depreclauon ls charged based on gross block as lndlcaLed ln Lransferor's books wlLh necessary ad[usLmenLs so LhaL Lhe llfe
of Lhe asseLs as lald down ln Lhe CL8C nouñcauon for Larlñ ls malnLalned.
e+
1.16 LkÞLNDI1UkL
1.16.1 Þre-pald/prlor-perlod expenses/lncome of lLems up Lo `100000/- are charged Lo naLural heads of accounL.
1.16.2 LxpendlLure of research and developmenL, oLher Lhan CaplLal LxpendlLure , are charged Lo revenue ln Lhe year of lncurrence.
1.16.3 CaplLal expendlLure on asseLs noL owned by Lhe company ls charged oñ Lo revenue as and when lncurred
1.17 IMÞAIkMLN1 CI ASSL1S
Cash generaung unlLs as deñned ln Accounung SLandard -28 on 'lmpalrmenL of AsseLs' are ldenuñed aL Lhe balance sheeL daLe
wlLh respecL Lo carrylng amounL vls-a-vls. recoverable amounL Lhereof and lmpalrmenL loss, lf any, ls recognlsed ln SLaLemenL of
proñL & loss. lmpalrmenL loss, lf need Lo be reversed subsequenLly, ls accounLed for ln Lhe year of reversal.
1.18 LMÞLC¥LL 8LNLII1S
1.18.1 Company conLrlbuuon pald/payable durlng Lhe year Lo deñned penslon conLrlbuuon scheme and provldenL fund scheme ls
recognlzed ln Lhe SLaLemenL of ÞroñL and Loss. 1he same ls pald Lo a fund admlnlsLered Lhrough a separaLe LrusL.
1.18.2 1he llablllLy for reuremenL beneñLs of employees ln respecL of CraLulLy, ls ascerLalned annually on acLuarlal valuauon aL Lhe year
end, ls provlded and funded separaLely.
1.18.3 1he llablllues for compensaLed absences, leave encashmenL, posL reuremenL medlcal beneñLs, seulemenL allowance & farewell
glû Lo employees are ascerLalned annually on acLuarlal valuauon aL Lhe year end and provlded for.
1.18.4 ShorL Lerm employee beneñL are recognlzed aL Lhe undlscounLed amounL ln Lhe SLaLemenL of ÞroñL and Loss ln Lhe year ln whlch
Lhe relaLed servlces are rendered.
1.18.3 AcLuarlal galns/losses are recognlzed lmmedlaLely ln Lhe SLaLemenL of ÞroñL & Loss.
1.19 ÞkCVISICNS AND CCN1INGLN1 LIA8ILI1ILS
A provlslon ls recognlzed when Lhe company has a presenL obllgauon as a resulL of pasL evenL and lL ls probable LhaL an ouulow
of resources wlll be requlred Lo seule Lhe obllgauon, ln respecL of whlch a rellable esumaLe can be made based on Lechnlcal
valuauon and pasL experlence. Þrovlslons are noL dlscounLed Lo lLs presenL value and are deLermlned based on managemenL
esumaLe requlred Lo seule Lhe obllgauon aL Lhe balance sheeL daLe. no provlslon ls recognlzed for llablllues whose fuLure ouLcome
cannoL be ascerLalned wlLh reasonable cerLalnues. Such conungenL llablllues are noL recognlzed buL are dlsclosed on Lhe basls of
[udgmenL of Lhe managemenL /lndependenL experL. 1hese are revlewed aL each balance sheeL daLe and ad[usLed Lo reßecL Lhe
currenL managemenL esumaLe.
1.20 INCCML 1Ak
lncome 1ax comprlses of currenL and deferred Lax. CurrenL lncome Laxes are measured aL Lhe amounL expecLed Lo be pald Lo
Lhe lncome Lax auLhorlues ln accordance wlLh lncome 1ax AcL, 1961. ueferred Lax resulung from umlng dlñerence beLween
accounung and Laxable proñL ls accounLed for uslng Lhe Lax raLes and Lhe Lax laws enacLed or subsLanuvely enacLed aL Lhe balance
sheeL daLe. ueferred Lax asseLs are recognlzed only Lo Lhe exLenL LhaL Lhere ls reasonable cerLalnLy LhaL sumclenL fuLure Laxable
lncome wlll be avallable agalnsL whlch such deferred Lax asseLs can be reallzed.
e5
Þarncu|ars
Þarncu|ars
Þarncu|ars
Note 2.1 - Share cap|ta|
Note 2.2 - keserves and surp|us
As at 31
st
March, 2013 As at 31
st
March, 2012
As at 31
st

March,2013
No.of Shares Amount ( ` |n crore) No.of Shares Amount ( ` |n crore)
Ior the year ended 31
st
March, 2013 Ior the year ended 31
st
March, 2012
As at 31
st

March, 2012
Lqu|ty Share Cap|ta|
Author|sed Cap|ta|
10000000000 equlLy shares of ` 10/- each 10000.00 10000.00
Issued, Subscr|bed and pa|d up
4629723333 (Þrevlous ?ear 4629723333) equlLy shares of ` 10/-each fully pald up 4629.73 4629.73
1ota| 4629.73 4629.73
Iurther Notes:
1) 8econclllauon of number and amounL of share caplLal ouLsLandlng aL Lhe beglnnlng and aL Lhe end of Lhe reporung perlod
Shares ouLsLandlng aL Lhe beglnnlng of Lhe year 462972S3S3 4629.73 4629723333 4629.73
Shares lssued durlng Lhe year - - - -
Shares boughL back durlng Lhe year - - - -
Shares ouLsLandlng aL Lhe end of Lhe year 462972S3S3 4629.73 4629723333 4629.73
2) 1he holders of equlLy shares are enuLled Lo recelve dlvldends as declared from ume Lo ume and are enuLled Lo voung rlghLs
proporuonaLe Lo Lhelr shareholdlng aL meeungs of Lhe Company.
3) 1he CovernmenL of lndla holds 3214024212(Þrevlous ?ear 3214024212) equlLy shares represenung 69.42° (Þrevlous year 69.42°)
of Lhe LoLal equlLy shares of Lhe Company and no oLher share holder of Lhe Company holds more Lhan 3 ° of Lhe equlLy shares ln Lhe
currenL year and ln Lhe preceedlng year.
Secur|nes Þrem|um keserve
As per lasL balance sheeL 4873.13 4873.13
Addluons durlng Lhe year - -
ueducuons durlng Lhe year - -
Closlng 8alance 487S.1S 4873.13

8onds kedempnon keserve
As per lasL balance sheeL 3224.03 2368.04
Addluons durlng Lhe year 1166.79 969.49
ueducuons durlng Lhe year 383.33 313.30
Closlng 8alance 400S.29 3224.03
Se|f Insurance keserve
1hrough appropr|anon
As per lasL balance sheeL 231.38 207.33
Addluons durlng Lhe year 32.84 43.83
ueducuons durlng Lhe year - -
Closlng 8alance 304.22 231.38
1hrough charge to Þroht
As per lasL balance sheeL 63.39 66.20
Addluons durlng Lhe year - -
ueducuons durlng Lhe year 0.33 0.81
Closlng 8alance 63.04 63.39
369.26 316.77
(` ln Crore)
(` ln Crore)

Þarncu|ars
Note 2.2 - keserves and surp|us (Contd...)
As at 31
st

March,2013
As at 31
st

March, 2012
Corporate Soc|a| kespons|b|||ty( CSk) Acnv|ty keserve
As per lasL balance sheeL - 13.22
Addluons durlng Lhe year 10.80 -
ueducuons/Ad[usLmenLs durlng Lhe year (13.26) 13.22
Closlng 8alance 26.06
Genera| keserve
As per lasL balance sheeL 10413.93 8963.93
Addluons durlng Lhe year 1900.00 1430.00
ueducuons durlng Lhe year - -
Closlng 8alance 1231S.9S 10413.93
Short 1erm Cpen Access( S1CA) keserve
As per LasL 8alance SheeL - -
Addluons durlng Lhe year 276.34 219.88
ueducuons durlng Lhe year [belng uullsauon of S1CA
lncome (neL of 1axes) (noLe no.2.23) ln accordance wlLh
Lhe CL8C (Cpen Access lnLer-sLaLe Lransmlsslon)
8egulauons, 2008 as amended upLodaLe] 276.34 219.88
Closlng 8alance - -
21S91.71 18831.90
Surp|us (8a|ance |n statement of Þroht and Loss)
As per lasL balance sheeL 26.13 41.18
Add:Add|nons
ÞroñL aûer Lax as per SLaLemenL of ÞroñL and Loss 4234.30 3234.93
1ransfer from 8ond 8edempuon 8eserve 383.33 313.30
1ransfer from S1CA 8eserve 276.34 219.88
CS8 Acuvlues 8eserve - 13.22
ulvldend Lax ad[usLed - 0.30
Less: Appropr|anons
S1CA 8eserve 276.34 219.88
8onds 8edempuon 8eserve 1166.79 969.49
CS8 Acuvlues 8eserve 26.06 -
Self lnsurance 8eserve 32.84 43.83
ulvldend Lax ad[usLed 0.73 -
Ceneral 8eserve 1900.00 1430.00
lnLerlm dlvldend 743.39 370.39
ulvldend Lax on lnLerlm dlvldend 119.89 60.07
Þroposed ulvldend 327.79 606.30
ulvldend Lax on proposed ulvldend 88.66 96.90
C|os|ng 8a|ance 18.03 26.13
1ota| 21609.74 188S8.0S
(` ln Crore)
a) Advance AgalnsL uepreclauon 2094.96 2143.78
b) CranLs ln ald 117.03 139.32
c) ueferred lncome/(expendlLure) from lorelgn Currency llucLuauon(neL) 1S0S.61 493.17
1ota| 3717.60 2776.27
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.3 - Deferred kevenue
(` ln Crore)

A) 8CNDS
A1) Secured (1axab|e, kedeemab|e, Non-Cumu|anve, Non-Convernb|e)
A1.1 l) 8onds of `10 Lakh each
kkkIk Issue- 9.40¼ redeemab|e at par on 29.03.2027 1800.00 1800.00*
kkkVIII Issue- 9.2S¼ redeemab|e at par on 09.03.2027 833.00 833.00*
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl
passu on lmmovable properLy slLuaLed aL Mou[e Ambheu
1aluka kaparada ln dlsLrlcL valsad Cu[araL and ßoaung charge
on Lhe asseLs of Lhe company.
ll) 8onds of `1.3 crore each conslsung of 12 S18ÞÞs of `12.30
Lakhs each redeemable aL par ln 12 (Lwelve) equal annual lnsLalmenLs.
kLI Issue-8.8S¼ redeemab|e w.e.f. 19.10.2016 2842.30 -
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl
passu on lmmovable properLy slLuaLed aL Mou[e Ambheu
1aluka kaparada ln dlsLrlcL valsad Cu[araL and ßoaung charge
on Lhe asseLs of Lhe company.
lll) 8onds of `1.30 crore each, conslsung of 13 S18ÞÞs
of `10.00 Lakhs each redeemable aL par ln 13 (ñûeen) equal
annual lnsLalmenLs
kkkVI Issue- 9.3S¼ redeemab|e w.e.f. 29.08.2016 3090.00 3090.00
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl
passu on lmmovable properLy slLuaLed aL Mou[e Ambheu
1aluka kaparada ln dlsLrlcL valsad Cu[araL and ßoaung charge
on Lhe asseLs of Lhe company.
lv) 8onds of `1.3 crore each conslsung of 12 S18ÞÞs
of `12.30 Lakhs each redeemable aL par ln 12 (Lwelve) equal
annual lnsLalmenLs.
kL Issue-9.30¼ redeemab|e w.e.f. 28.06.2016 3997.30 -
kkkVII Issue- 9.2S¼ redeemab|e w.e.f 26.12.201S 1993.00 1993.00
kkkV Issue- 9.64¼ redeemab|e w.e.f 31.0S.201S 1937.30 1937.30
kkkIV Issue- 8.84¼ redeemab|e w.e.f 21.10.2014 3487.30 3487.30
kkkIII Issue- 8.64¼¼ redeemab|e w.e.f 08.07.2014 2880.00 2880.00
kkkII Issue- 8.84¼ redeemab|e w.e.f 29.03.2014 948.73 1033.00
kkkI Issue- 8.90¼ redeemab|e w.e.f 2S.02.2014 1876.88 2047.30
kkk Issue- 8.80¼ redeemab|e w.e.f 29.09.2013 2138.12 2332.30
kkIk Issue- 9.20¼ redeemab|e w.e.f 12.03.2013 1081.23 1189.37
kkVIII Issue- 9.33¼ redeemab|e w.e.f 1S.12.2012 2000.00 2200.00
kkVII Issue- 9.47¼ redeemab|e w.e.f 31.03.2012 328.73 387.30
kkVI Issue- 9.30¼ redeemab|e w.e.f 07.03.2012 749.23 832.30
kkV Issue- 10.10¼ redeemab|e w.e.f 12.06.2011 798.73 887.30
kkIV Issue- 9.9S¼ redeemab|e w.e.f 26.03.2011 333.00 399.63
kkIII Issue- 9.2S¼ redeemab|e w.e.f 09.02.2011 203.00 230.63
kkII Issue- 8.68¼ redeemab|e w.e.f 07.12.2010 460.00 317.30
kkI Issue- 8.73¼ redeemab|e w.e.f 11.10.2010 340.00 382.30
kk Issue- 8.93¼ redeemab|e w.e.f 07.09.2010 1000.00 1123.00
kIk Issue- 9.2S¼ redeemab|e w.e.f 24.07.2010 330.00 371.23
kVIII Issue- 8.1S¼ redeemab|e w.e.f 09.03.2010 382.73 666.00
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl
passu on lmmovable properLy slLuaLed aL Mou[e Ambheu
1aluka kaparada ln dlsLrlcL valsad Cu[araL and ßoaung charge
on Lhe asseLs of Lhe company.
v) 8onds of `1.00 crore each, conslsung of 10 S18ÞÞs of `10.00
Lakhs each redeemable aL par ln 10 (Len) equal annual lnsLalmenLs.
kVII Issue- 7.39¼ redeemab|e w.e.f 22.09.2009 300.00 600.00
Note 2.4-Long-term borrow|ngs
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
(` ln Crore)
ee
Note 2.4-Long-term borrow|ngs (contd...)
kVI Issue- 7.10¼ redeemab|e w.e.f 18.02.2009 300.00 373.00
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl
passu on lmmovable properLy slLuaLed aL Mou[e Ambheu
1aluka kaparada ln dlsLrlcL valsad Cu[araL and ßoaung charge
on Lhe asseLs of Lhe company.
vl) 8onds of `1.3 crore each conslsung of 12 S18ÞÞs of
`12.30 Lakhs each redeemable aL par ln 12 (Lwelve) equal annual
lnsLalmenLs.
kV Issue-6.68¼ redeemab|e w.e.f. 23.02.2008 373.00 430.00
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl
passu on lmmovable properLy slLuaLed aL Mou[e Ambheu
1aluka kaparada ln dlsLrlcL valsad Cu[araL and ßoaung charge
on Lhe asseLs of Lhe company.
A1.2 8onds of `1.3 crore each conslsung of 12 S18ÞÞs of
`12.30 lakh each redeemable aL par ln 12 (Lwelve) equal annual
lnsLalmenLs
kIII |ssue-8.63¼ redeemab|e w.e.f 31.07.2006 270.00 337.30
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl-
passu on lmmovable properLy slLuaLed aL Mou[e Ambheu
1aluka kaparada ln ulsLrlcL valsad Cu[araL and morLgage
& hypoLhecauon on asseLs of klshenpur Moga & uulhasu
Conungency 1ransmlsslon SysLem
A1.3 8onds of `1.3 crore each conslsung of 12 S18ÞÞs of `12.30 lakh
each redeemable aL par ln 12 (Lwelve) equal annual lnsLalmenLs
kII |ssue-.9.70¼ redeemab|e w.e.f 28.03.2006 46.12 61.30
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl-
passu on lmmovable properLy slLuaLed aL Mou[e Ambheu
1aluka kaparada ln ulsLrlcL valsad Cu[araL and morLgage and
hypoLhecauon on asseLs of kayamkulam & 8amagundam
Pyderabad 1ransmlsslon SysLem
A1.4 8onds of `3 crore each conslsung of 12 S18ÞÞs of `23 lakh each
redeemable aL par ln 12 (Lwelve) equal annual lnsLalmenLs
kI |ssue-9.80¼ redeemab|e w.e.f 07-12-200S 133.73 181.00
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl-
passu on lmmovable properLy slLuaLed aL Mou[e Ambheu
1aluka kaparada ln ulsLrlcL valsad Cu[araL and morLgage
& hypoLhecauon on asseLs of AnLa,Aurlya, Moga-8hlwanl,
Chamera-klshenpur, Sasaram-Allahbad, LlLC of Slngraulll-
kanpur and Allahbad Sub-SLauon
A1.S VIII |ssue-10.3S¼ redeemab|e w.e.f. 27.04.200S 2.00 4.00
Secured by ßoaung charge over Lhe llxed AsseLs of Lhe Company
8onds of `1.3 crore each conslsung of 12 S18ÞÞs of `12.30
Lakhs each redeemable aL par ln 12 (Lwelve) equal annual lnsLalmenLs.
A1.6 kIV |ssue-6.10¼ redeemab|e w.e.f 17.07.2004 116.30 174.73
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl
passu on lmmovable properLy slLuaLed aL Mou[e Ambheu
1aluka kaparada ln dlsLrlcL valsad Cu[araL and ßoaung charge
on Lhe asseLs of Lhe company.
A1.7 8onds of `12 lakh each redeemable aL par ln 12 (Lwelve)
equal annual lnsLalmenLs
k |ssue-10.90¼ redeemab|e w.e.f 21.06.2004 126.92 190.38
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl
passu on lmmovable properLy slLuaLed aL Mou[e Ambheu
1aluka kaparada ln ulsLrlcL valsad Cu[araL and morLgage
& hypoLhecauon of Lhe asseLs of C1Þ-larakka & Chamera
1ransmlsslon sysLem
38349.79 33443.31
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
(` ln Crore)
eJ
A2) 1o be Secured (1axab|e, kedeemab|e, Non-Cumu|anve, Non-Convernb|e)
A2.1 8edeemable 8onds of `10 Lakh each
kLII Issue-8.80¼ redeemab|e at par on 13.03.2023 1990.00 -
1o be secured by way of 8eglsLered 8ond 1rusL ueed ranklng
parl passu on lmmovable properLy slLuaLed aL Mou[e Ambheu
1aluka kaparada ln dlsLrlcL valsad Cu[araL and ßoaung charge
on Lhe asseLs of Lhe company. 1990.00 -
A3) Unsecured
A3.1 8edeemable lorelgn Currency 8onds
3.873° lorelgn Currency 8onds Lo be redeemed aL par on 17.01.2023 2743.30 -
1ota| (A) 4308S.29 33443.S1
8) 1LkM LCANS IkCM 8ANkS
81) kupee Loan (Secured)
81.1 |) Corporanon 8ank - 3.00
||) Þun[ab Nanona| 8ank-Loan-II 30.00 73.00
|||) Cr|enta| 8ank of Commerce 41.67 62.30
Secured by a ßoaung charge on Lhe ñxed asseLs of Lhe Company
81.2 L|ne of Cred|t (LCC) from State 8ank of Ind|a 1300.00 1000.00*
Secured by way of parl passu charge on assesL of Lhe company
excepL lnvesLmenLs, Land and 8ulldlngs and CurrenL AsseLs.
1ota| (81) 1S91.67 1142.S0
82) Iore|gn Currency Loans(Secured)
82.1 8ank of Ind|a Cayman Is|ands 260.10 271.73
Secured by a lloaung charge on Lhe lmmovable properues
of Lhe company
82.2 |) Nord|c Investment 8ank (ÞILS120) 336.71 470.19*
||) AD8-VIII (2788-IND) 124.86 -
Secured by parl passu lnLeresL ln Lhe llens creaLed on Lhe asseLs
as securlLy for Lhe debLs.
Guaranteed by Government of Ind|a
82.3 lrom Aslan uevelopmenL 8ank (Au8)
AD8-I (140S-IND) 146.13 262.03
AD8-II (1764-IND) 892.71 919.02
AD8-III (21S2-IND) 1847.37 1768.63
AD8-IV (241S-IND) 1764.94 1348.74*
AD8-V (2S10-IND) 318.64 340.14*
lrom lnLernauonal 8ank for 8econsLrucuon and uevelopmenL l88u)
ÞSDÞ-II (4603-IN) 1489.44 1342.33
ÞSDÞ-III (4813-IN) 1861.39 1839.81
ÞSDÞ-IV (4890-IN) 2970.23 2683.06
ÞSDÞ-IV (Add|.) (7S93-IN) 1668.72 1486.81
ÞSDÞ-V (7787-IN) 1706.89 878.91
Secured by parl passu lnLeresL ln Lhe llen creaLed on Lhe asseLs
as securlLy for Lhe debLs.
82.4 ÞSDÞ-I (3S77-IN) - 70.06
Secured by equlLable morLgage of lmmovable properues and
hypoLhecauon of movable properues of vlndhyachal and
8lhand 1ransmlsslon sysLem.
1ota| 82 1S808.SS 13903.48
83) lorelgn Currency Loans(1o 8e Secured)
83.1 lrom Aslan uevelopmenL 8ank (Au8) (Guaranteed by Government of Ind|a)
AD8-VI (2823-IND) 96.03 -
AD8-VII (2787-IND) 212.61 -
Note 2.4-Long-term borrow|ngs (contd...)
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
(` ln Crore)
JJ
Note 2.4-Long-term borrow|ngs (contd...)
83.2 lrom CLher 8anks
Inernanona| I|nance Corporanon 1208.02 -
ICI Debt Þoo| LLÞ 274.33 -
1o be Secured by parl passu lnLeresL ln Lhe llen creaLed on Lhe
asseLs as securlLy for Lhe debLs.
1ota| 83 1791.23 -
84) Iore|gn currency |oans (Unsecured)
84.1 Skandlnavlska Lnskllda 8anken A8(publ) Sweden 67.03 82.32
A8 Svensk LxporLkredlL, Sweden 382.42 -
84.2 CuaranLeed by CovernmenL of lndla
nauxls 8anque (lormerely CredlL nauonal) lrance 98.01 104.68
!apan lnLernauonal Cooperauon Agency(lormerly !apan 8ank for
lnLernauonal Cooperauon ) !apan 138.43 161.09
Luropean lnvesLmenL 8ank Luxembourg - 21.29
1ota| (84) 68S.89 369.S8
1ota| 8 19877.34 1S41S.S6
C Term Loan From Others
kupee Loans (Secured)
C1 L|fe Insurance Corporanon of Ind|a-II 110.32 171.10
L|fe Insurance Corporanon of Ind|a-III 3.32 9.91
Secured by a ßoaung charge on Lhe ñxed asseLs of Lhe Company. 113.64 181.01
Iore|gn Currency Loan (Unsecured)
C2 kred|tansta|t fur W|ederaumau Germany - 79.11
- 79.11
1ota| C 113.64 260.12
1ota| (A to C) 63076.27 49119.19
Iurther notes:
1he 1erm loans are repayable ln lnsLallmenLs as per Lhe Lerms of respecuve agreemenL generally over Lhe perlod of 10 Lo 20 years aûer Lhe
moraLorlum perlod of 3 Lo 3 years.
*ln prevlous year shown as Lo be secured. Securlues for Lhese are creaLed ln CurrenL ?ear.
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.S - Deferred tax ||ab|||nes (Net)
Deferred 1ax ||ab|||ty
1owards llxed AsseLs( neL) (A) S487.94 3039.67
Deferred 1ax Assets
lncome durlng ConsLrucuon Þerlod 86.S8 44.26
Self lnsurance 8eserve 22.22 21.21
Þrovlslons allowable on paymenL basls 68.79 131.98
Advance AgalnsL uepreclauon 711.78 693.33
CLhers - 1.36
Sub-tota| (8) 889.37 894.S6
Deferred 1ax L|ab|||ty (Net) ( A-8) 4S98.S7 416S.11
Less : kecoverab|e from 8enehc|ar|es 2639.41 2S64.23
Net Deferred 1ax L|ab|||ty 19S9.16 1600.88
neL lncrease ln deferred Lax llablllLy of `338.28 Crore (Þrevlous year `434.14 Crore) has been charged Lo Lhe SLaLemenL of ÞroñL and Loss.
(` ln Crore)
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
(` ln Crore)
J1
Þarncu|ars
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March,2013
As at 31
st

March, 2012
As at 31
st

March, 2012
Note 2.6 - Cther Long term ||ab|||nes
Note 2.7 - Long-term prov|s|ons
Cther ||ab|||nes
l) ueposlLs /8eLenuon money from conLracLors and oLhers. 308.83 607.93
Less: lnvesLmenLs held as securlLy - 0.34
S08.8S 607.39
ll) Advance from cusLomers (ConsulLancy conLracLs) 443.SS 468.71
lll) uues for CaplLal LxpendlLure 28.S3 303.32
lv) CLhers 9.00 32.11
1ota| 989.93 1431.73
Iurther Notes:
8ased on Lhe lnformauon avallable wlLh Lhe company, Lhere are no suppllers/servlce provlders who are reglsLered as mlcro, small or
medlum enLerprlses under º1he Mlcro, Small and Medlum LnLerprlses uevelopmenL AcL, 2006" as aL 31sL March, 2013 and as aL
31sL March,2012.
Lmp|oyee 8enehts
As per lasL balance sheeL 421.49 316.64
Addluons durlng Lhe year 442.63 104.83
AmounLs uullsed/pald durlng Lhe year 421.49 -
Closlng 8alance 442.63 421.49
1ota| 442.63 421.49
(` ln Crore)
(` ln Crore)
Þarncu|ars
Þarncu|ars
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March,2013
As at 31
st

March,2013
As at 31
st

March, 2012
As at 31
st

March, 2012
As at 31
st

March, 2012
Note 2.8 - Short-term borrow|ngs
Note 2.9 - 1rade payab|es
Note 2.10 - Cther current ||ab|||nes
Short 1erm |oans
lrom 8anks
unsecured 2000.00 1630.00
1ota| 2000.00 16S0.00
lor goods and servlces 246.73 200.78
1ota| 246.73 200.78
Iurther Notes:
8ased on Lhe lnformauon avallable wlLh Lhe company, Lhere are no suppllers/servlce provlders who are reglsLered as mlcro, small or medlum
enLerprlses under º1he Mlcro, Small and Medlum LnLerprlses uevelopmenL AcL, 2006" as aL 31sL March, 2013 and as aL 31sL March, 2012.
A) Current matur|nes of Long 1erm borrow|ngs
Secured
8onds 1933.71 1340.11
8upee 1erm Loans 118.19 172.31
lorelgn Currency Loans 837.46 696.43
2889.36 2408.83
(` ln Crore)
(` ln Crore)
(` ln Crore)
JZ
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.10 - Cther current ||ab|||nes (contd...)
Un-secured
8upee 1erm Loans - 3.00
lorelgn Currency Loans 222.24 218.87
222.24 223.87
8) Interest Accrued 8ut Not Due Cn borrow|ngs Irom
lndlan 8anks llnanclal lnsuLuuons & Corporauons 13.73 17.78
lorelgn 8anks & llnanclal lnsuLuuons 40.10 41.47
Secured/unsecured redeemable 8onds 1388.94 1211.97
C) Cthers 1644.77 1271.22
l) uues for CaplLal LxpendlLure 2793.31 1221.01
ll) Lmployee relaLed llablllues 67.42 4.20
lll) unpald maLured bonds 0.09 0.08
lv) unclalmed ulvldends 8.46 3.93
v) ueposlLs/8eLenuon money from conLracLors and oLhers. 2177.83 1384.03
Less: lnvesLmenLs held as securlLy 3.98 0.73
2171.87 1383.30
vl) Advance from cusLomers 1648.29 1629.82
vll) SLaLuLory dues 107.33 69.29
vlll) 8elaLed parues* 22.99 37.89
lx) CLhers 113.11 8.10
6937.09 4339.62
1ota| 11693.46 8463.S6
lurLher noLes:
*8reakup of relaLed parues ls provlded ln noLe 2.44(b)
(` ln Crore)
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.11 - Short-term prov|s|ons
(` ln Crore)
a) Lmp|oyee 8enehts
|) 1ransm|ss|on |ncennve]spec|a| |ncennve
As per lasL balance sheeL 213.10 190.71
Addluon durlng Lhe year 124.46 127.92
AmounL pald/ad[usLed durlng Lhe year 216.32 103.33
Closlng 8alance 123.04 213.10
||) kenrement beneht]Wage rev|s|on
As per lasL balance sheeL 94.60 64.24
Addluons durlng Lhe year - 30.36
AmounLs uullsed/pald durlng Lhe year 94.60 -
Closlng 8alance - 94.60
|||) Cther Lmp|oyee 8enehts
(Leave LncashmenL, SeulemenL Allowance and Long Servlce Award eLc.)
As per lasL balance sheeL 23.66 28.18
Addluons durlng Lhe year 21.03 6.49
AmounLs uullsed/pald durlng Lhe year 19.61 11.01
Closlng 8alance 23.08 23.66
1ota| (A) 148.12 333.36
JJ
b) Cthers
|) 1axanon (Inc|ud|ng |nterest on 1ax )
As per lasL balance sheeL 1381.98
Addluons durlng Lhe year 1071.30 891.10
AmounL ad[usLed durlng Lhe year (1331.38) 463.33
neL oñ agalnsL Laxes pald (noLe 2.23) 2623.08 2007.73
Closlng 8alance - -
||) Þroposed I|na| D|v|dend
As per lasL balance sheeL 606.30 378.72
Addluons durlng Lhe year 327.79 606.30
AmounLs pald durlng Lhe year 606.30 378.72
Closlng 8alance 327.79 606.30
|||) 1ax on proposed D|v|dend
As per lasL balance sheeL 96.90 93.88
Addluons durlng Lhe year 88.66 118.32
AmounLs pald/ad[usLed durlng Lhe year 96.90 113.30
Closlng 8alance 88.66 96.90
|v) Downnme Serv|ce Cred|t-1e|ecom
As per lasL balance sheeL 3.21 2.46
Addluons durlng Lhe year 1.71 0.73
AmounLs ad[usLed/pald durlng Lhe year 1.18 -
Closlng 8alance 3.74 3.21
v) Þrov|s|on for Corporate Soc|a| kespons|b|||ty (CSk) Acnv|ty
As per lasL balance sheeL 13.26 -
Addluons durlng Lhe year - 13.26
AmounLs ad[usLed/pald durlng Lhe year 13.26 -
Closlng 8alance - 13.26
v|) Þrov|s|on Cthers
As per lasL balance sheeL 1.44 -
Addluons durlng Lhe year - 1.44
AmounLs ad[usLed/pald durlng Lhe year 1.44 -
Closlng 8alance - 1.44
1ota| (8) 620.19 723.31
1ota| (A+8) 768.31 10S6.67
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.11 - Short-term prov|s|ons (contd...)
(` ln Crore)
J+
Land
a) lreehold 1190.26 143.69 - (19.47) 13S3.42 - - - - - 13S3.42 1190.26
b) Leasehold 211.38 30.88 - (9.43) 2S1.91 17.93 8.31 - (0.33) 26.81 22S.10 193.63
8u||d|ngs -
a) Sub-SLauons
& Cmce 497.37 34.83 - (7.31) SS9.91 132.87 19.37 - 0.13 172.09 387.82 344.70
b) 1ownshlp 413.69 34.98 - (6.31) 4SS.18 97.77 16.99 - (0.96) 11S.72 339.46 313.92
1emporary Lrecuon 9.16 0.32 - 1.94 7.S4 9.16 0.33 - 1.93 7.S4 - -
8oads & 8rldges 127.86 12.69 - 0.94 139.61 33.97 6.03 - (0.03) 40.0S 99.S6 93.89
WaLer Supply
uralnage & Sewerage 81.14 12.82 - 0.07 93.89 22.73 3.42 - (0.16) 26.31 67.S8 38.41
Þ|ant & Lqu|pment
a) 1ransmlsslon 39384.39 7277.33 - (781.34) 47643.28 8732.30 2128.63 - 26.09 108SS.04 36788.24 30832.09
b) SubsLauon 18860.13 7771.34 - (333.06) 27166.S3 3696.37 1143.90 (18.37) 68S8.84 20307.69 13163.36
c) unlñed Load
uespaLch &
Communlcauon 331.30 28.22 - (13.16) 374.88 234.34 23.26 - (0.03) 2S9.63 11S.2S 97.16
d) 1elecom 1224.81 102.34 - (39.34) 1366.69 443.38 73.30 - (0.17) S17.2S 849.44 781.23
lurnlLure llxLures 69.82 9.06 0.08 0.36 78.24 31.69 4.04 0.06 0.03 3S.64 42.60 38.13
Cmce equlpmenL 74.38 11.63 0.13 (0.40) 86.48 33.44 4.33 0.06 0.01 37.90 48.S8 41.14
LlecLronlc uaLa
Þrocesslng & Word
Þrocesslng Machlnes 73.43 19.32 0.11 0.27 94.S7 34.16 9.20 0.07 (0.72) 64.01 30.S6 21.27
vehlcles 4.94 0.16 0.24 0.13 4.73 2.21 0.34 0.21 0.12 2.22 2.S1 2.73
ConsLrucuon and
Workshop equlpmenL 103.43 28.96 0.14 (0.60) 132.8S 23.33 6.00 0.04 (0.06) 31.3S 101.S0 78.10
LlecLrlcal lnsLallauon 86.46 30.30 0.43 116.S3 32.33 4.74 - (0.47) 37.S6 78.97 34.11
LaboraLory LqulpmenLs 36.49 7.84 - - 64.33 28.33 2.34 - (0.03) 30.92 33.41 28.14
Workshop &
1esung LqulpmenLs 21.37 1.12 - (0.03) 22.S4 14.36 0.46 - - 14.82 7.72 7.01
Mlscellaneous
AsseLs/LqulpmenLs 0.14 - 0.03 - 0.11 0.08 0.01 0.02 - 0.07 0.04 0.06
1ota| 63024.9S 1SS78.2S 0.73 (1410.7S) 80013.22 1S683.41 34S7.62 0.46 6.80 19133.77 60879.4S 47341.S4
Less: Þrovlslon for
asseLs dlscarded 10.47 - - - 10.47 8.71 - - - 8.71 1.76 1.76
Grand 1ota| 63014.48 1SS78.2S 0.73 (1410.7S) 80002.7S 1S674.70 34S7.62 0.46 6.80 1912S.06 60877.69 47339.78
Þrevlous ?ear 30078.31 12323.34 1.89 (624.99) 63024.93 13106.46 2386.76 1.38 8.23 13683.41 47341.34
Less: Þrovlslon for
asseLs dlscarded 10.47 - - - 10.47 8.71 - - - 8.71 1.76
1ota| S0068.04 12323.34 1.89 (624.99) 63014.48 13097.7S 2S86.76 1.S8 8.23 1S674.70 47339.78
Iurther Notes:
a) 1he company owns 3937 hecLare (prevlous ?ear 3377 hecLare) of land amounung Lo ` 1603.33 crore (prevlous ?ear ` 1401.84 crore) whlch has been classlñed lnLo
freehold `1333.42 crore (prevlous year ` 1190.26 crore) and leasehold ` 231.91 crore (prevlous year ` 211.38 crore) based on avallable documenLauon
b) l) 1he land classlñed as leasehold land held ln Lhe SLaLe of !ammu and kashmlr amounung Lo ` 39.72 crore (Þrevlous ?ear ` 34.60 crore) ls acqulred by sLaLe
CovernmenL as per procedures under SLaLe Land Acqulsluon AcL. As per prevalllng law Lhe sLaLe governmenL remalns Lhe owner of Lhe land so acqulred and company
ls only glven possesslon for Lhe speclñc use.
ll) 1he Lransmlsslon sysLem slLuaLed ln Lhe sLaLe of !ammu and kashmlr have been Laken over by Lhe company w.e.f 1sL Aprll 1993 from nauonal PydroelecLrlc Þower
Corporauon of lndla LLd. (nPÞC) upon muLually agreed Lerms pendlng compleuon of legal formallues.
c) lreehold land lncludes ` 33.32 crore (prevlous year ` 33.71 crore) and ` 32.39 crore (prevlous year ` 27.31 crore) ln respecL of land acqulred by Lhe Company for whlch
conveyance deed ln favour of Lhe Company and muLauon ln revenue record respecuvely ls pendlng.
d) Leasehold land lncludes ` 7.64 crore (prevlous year ` 7.64 crore) ln respecL of land acqulred for omce complex on perpeLual lease basls wlLh an unllmlLed useful llfe
aL kaLwarla Saral, new uelhl and hence noL amorused
e) Leasehold land lncludes ` 13.97 crore (prevlous year ` 13.97 crore ) ln respecL of land acqulred by Lhe company for whlch legal formallues are pendlng.
f) lreehold land lncludes 0.16 hecLare land valulng ` 0.03 crore whlch ls noL ln possesslon of Lhe Company due Lo encroachmenL by farmers. Company ls Laklng
approprlaLe acuon for repossesslon of Lhe same.
g) 1ownshlp bulldlngs lncludes ` 7.27 crore (prevlous year ` 7.27 crore) for 28 ßaLs aL Mumbal, for whlch reglsLrauon ln favour of Lhe company ls pendlng.
h) ÞlanL and machlnery under subsLauon ln ñxed asseLs lncludes companys share of ` 3.8 crore (prevlous year ` 3.8 crore) ln common servlces and faclllues of 400
kv sub-sLauons of uuar Þradesh sLaLe elecLrlclLy board (uÞSL8) and 8a[asLhan sLaLe elecLrlclLy board (8SL8) pendlng execuuon of formal agreemenLs for [olnL
ownershlp.
Þarncu|ars
Gross 8|ock Deprec|anon]Amornsanon Net 8|ock
As at 31
st

March,
2012
As at 31
st
March,
2013
As at 31
st
March,
2013
Sa|e ]
D|sposa|
Add|tons
dur|ng the
year
Upto 31-
Mar- 2012
As at 31
st
March,
2013
Ad[ustment
dur|ng
the year
Add|tons
dur|ng
the year
As at 1
st

Apr||,
2012
Sa|e ]
D|sposa|
Ad[ustment
dur|ng
the year
Note 2.12 - 1ang|b|e assets
(` ln Crore)
J5
Þarncu|ars
Þarncu|ars
Gross 8|ock Deprec|anon]Amornsanon Net 8|ock
As at 31
st

March,
2012
As at 31
st

March, 2013
Cap|ta||sed
dur|ng the year
As at 1
st

Apr||, 2012
Add|nons Ad[ustments
As at 31
st
March,
2013
As at 31
st
March,
2013
Sa|e ]
D|sposa|
Add|tons
dur|ng the
year
Upto 31-
Mar- 2012
As at 31
st
March,
2013
Ad[ustment
dur|ng
the year
Add|tons
dur|ng
the year
As at 1
st

Apr||,
2012
Sa|e ]
D|sposa|
Ad[ustment
dur|ng
the year
Note 2.13 - Intang|b|e assets
Note 2.14 - Cap|ta| work |n progress
(` ln Crore)
(` ln Crore)
LlecLronlc uaLa
Þrocesslng Soûware 3.49 1.13 - 0.08 6.S6 3.29 1.33 - 0.01 4.83 1.73 2.20
8lghL of Way-
AñoresLauon Lxpenses 367.37 210.03 - (13.34) S90.74 47.03 22.47 - - 69.S2 S21.22 320.32
1ota| 372.86 211.18 - (13.26) S97.30 S0.34 24.02 - 0.01 74.3S S22.9S 322.S2
Þrevlous ?ear 273.31 93.29 - (2.26) 372.86 21.62 17.32 - (11.40) 30.34 322.32
Land
uevelopmenL of land 33.00 37.31 39.80 0.33 S0.18
8u||d|ngs
a) Sub-SLauons & Cmce 67.17 113.83 3.82 34.83 122.3S
b) 1ownshlp 63.97 48.24 18.84 34.98 S8.39
1emporary erecuon 0.43 0.31 0.04 0.23 0.67
8oads & 8rldges 11.08 23.17 0.62 11.67 21.96
WaLer Supply uralnage and Sewerage 6.13 13.33 0.77 12.82 6.09
Þ|ant & Lqu|pments (|nc|ud|ng assoc|ated c|v|| works)
a) 1ransmlsslon 8836.13 11638.48 (102.83) 7213.90 13383.S6
b) Sub-SLauon 3386.30 3803.36 (149.66) 7719.83 1821.67
c) unlñed Load uespaLch & Communlcauon 9.64 2.47 1.96 8.06 2.09
d) 1elecom 63.20 144.92 41.19 102.34 66.S9
lurnlLure llxLures 0.33 0.91 - 0.48 0.76
CLher omce equlpmenLs 1.88 - 0.94 0.77 0.17
LlecLrlcal lnsLallauons 12.42 21.24 2.62 19.94 11.10
Lxpend|ture pend|ng a||ocanon
l) Survey lnvesugauon ConsulLancy & Supervlslon Charges 30.22 13.38 3.10 2.38 S7.92
ll) ulñerence ln Lxchange on forelgn Loans 231.81 393.61 117.04 73.13 437.23
lll) LxpendlLure durlng ConsLrucuon ( noLe 2.32) 2304.14 2014.34 1637.91 - 2880.S7
1ota| 1S499.89 20297.72 1620.16 1S2S6.1S 18921.30
Þrev|ous ¥ear 12864.63 16126.32 1832.80 11638.26 13499.89
lurLher noLes:
CaplLal Work ln Þrogress (CWlÞ) lncludes `1.38 crore belng Lhe cosL of 13 foundauons whlch became redundanL because of change ln
a Lransmlsslon scheme and ` 0.46 crore Lowards cosL of survey for reallgnmenL of Lransmlsslon llne rouLe. Company proposes Lo hold
dlscusslon wlLh Lhe beneñclarles for recovery of Lhese cosLs.

Þarncu|ars
As at 31
st

March, 2013
Cap|ta||sed
dur|ng the year
As at 1
st

Apr||, 2012
Add|nons Ad[ustments
Note 2.1S - Intang|b|e assets under deve|opment
(` ln Crore)
LlecLronlc uaLa Þrocesslng Soûware - 0.70 - - 0.70
8lghL of Way-AñoresLauon expenses 73.61 322.30 (3.30) 210.03 191.S8
uevelopmenL LxpendlLure - - (1.34) - 1.34
1ota| 73.61 323.20 (6.84) 210.03 193.62
Þrevlous ?ear 99.03 46.11 0.16 71.39 73.61

Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.16 - Construcnon stores
(` ln Crore)
1owers 3961.79 3372.68
ConducLors 7038.36 4311.27
CLher Llne MaLerlals 2320.23 1443.24
Sub-SLauon LqulpmenLs 1736.62 3087.93
Plgh volLage ulrecL CurrenL (PvuC) LqulpmenLs 389.71 37.86
unlñed Load uespaLch & Communlcauon(uLuC) MaLerlals 48.47 38.37
1elecom MaLerlals 33.97 8.42
CLhers 177.48 88.28
13708.63 12610.03
Less: Þrovlslon for shorLages and obsoleLe maLerlal 0.01 0.01
1ota| 1S708.62 12610.04
Construcnon Stores |nc|ude:
|) Mater|a| |n trans|t
1owers 27.31 29.03
ConducLors 31.38 -
CLher Llne MaLerlals 136.23 -
Sub-SLauon LqulpmenLs 131.16 317.86
Plgh volLage ulrecL CurrenL (PvuC) LqulpmenLs 220.73 -
1elecom MaLerlals 1.74 -
CLhers 87.63 -
1ota| 636.64 346.89
||) Mater|a| w|th Contractors
1owers 3931.64 3339.39
ConducLors 7006.78 4307.28
CLher Llne MaLerlals 2178.97 1444.13
Sub-SLauon LqulpmenLs 1600.03 2768.13
Plgh volLage ulrecL CurrenL (PvuC) LqulpmenLs 168.96 37.03
unlñed Load uespaLch & Communlcauon(uLuC) MaLerlals 10.39 -
1elecom MaLerlals 3.83 8.23
CLhers 60.33 79.48
1ota| 14963.17 12203.67
Grand tota| 1SS99.81 12SS0.S6
Iurther Notes:
l) Þendlng reconclllauon, maLerlals amounung Lo `63.33 crore (prevlous year `43.82 crore) ln commlssloned llnes ls shown as consLrucuon
sLores lylng wlLh conLracLors.
ll) ConsLrucuon SLores lncludes ` 91.61 crore represenung Lhe value of conducLors supplled by a suppller buL found Lo be defecuve.1he
suppller has agreed Lo replace Lhe defecuve conducLors.
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.17 - Non-current |nvestments
(` ln Crore)
LONG TERM
A. 1kADL INVLS1MLN1S (A1 CCS1)
I. Lqu|ty Instruments-Iu||y Þa|d up :-
Çuoted
Þ1C lndla LlmlLed
12000006(Þrevlous year 12000006) Shares of `10/- each 12.00 12.00
[MarkeL value ` 71.94 crore [` 39.93 (nSL) per share (Þrevlous year ` 73.68 crore
[` 61.40 (nSL) per share)}
Unquoted
Subsldlary Companles
Þower SysLem Cperauon Corporauon LlmlLed
30640000(Þrevlous year 30640000) Shares of ` 10 each. 30.64 30.64
Þowergrld nM 1ransmlsslon Company LlmlLed 0.03 0.03

Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.17 - Non-current |nvestments (contd...)
(` ln Crore)
30000(Þrevlous year 30000) Shares of ` 10 each.
Þowergrld vemaglrl 1ransmlsslon LlmlLed
30000(Þrevlous year nlL) Shares of ` 10 each. 0.03 -
Io|nt Venture Compan|es
1orrenL Þower Crld LlmlLed
23400000 (Þrevlous year 23400000) Shares of ` 10/- each. 23.40 23.40
!aypee Þowergrld LlmlLed
78000000 (Þrevlous year 73920000) Shares of ` 10/- each 78.00 73.92
Þarbau koldam 1ransmlsslon Company LlmlLed
40983800 (Þrevlous year 21483800) Shares of ` 10/- each. 40.98 21.49
1eesLavalley Þower 1ransmlsslon LlmlLed
23411762 (Þrevlous ?ear 20333000) Shares of ` 10/- each. 23.41 20.33
Þowerllnks 1ransmlsslon LlmlLed
229320000 (Þrevlous year 229320000) Shares of ` 10/- each 229.32 229.32
norLh LasL 1ransmlsslon Company LlmlLed
106964000 (Þrevlous year 92040000) Shares of ` 10/- each 106.96 92.04
Lnergy Lmclency Servlces LlmlLed
22300000 (Þrevlous year 623000)Shares of ` 10/- each 22.30 0.63
nauonal Plgh Þower 1esL LaboraLory LlmlLed
11060000 (Þrevlous year 2623000) Shares of ` 10/- each 11.06 2.63
Cross 8order Þower 1ransmlsslon Company LlmlLed
13000 (Þrevlous year nlL) Shares of ` 10/- each 0.01 -
kallnga 8ldyuL Þrasaran nlgam ÞrlvaLe LlmlLed
3000 (Þrevlous year nlL) Shares of ` 10/- each 0.01 -
8lhar Crld Company LlmlLed
23000 (Þrevlous year nlL) Shares of ` 10/- each 0.02 -
380.41 308.43
II. Govt.Secur|nes ( Unquoted ):-
a) 8.S¼ tax free 8onds redeemab|e |n 20 ha|f year|y |nsta|ments w.e.f. 1.10.2006 of :
Andhra Þradesh 36.10 34.16
Arunachal Þradesh 1.04 1.37
Assam 33.36 30.34
8lhar 32.43 48.64
Cu[araL 14.01 21.01
Paryana 16.10 24.13
Plmachal Þradesh 0.37 0.83
!ammu & kashmlr 32.40 48.39
kerala 4.82 7.23
Madhya Þradesh 20.81 31.22
MaharashLra 2.69 4.04
Manlpur 6.34 9.31
Meghalaya 0.09 0.13
Mlzoram 0.01 0.01
nagaland 2.79 4.18
Þun[ab 9.39 14.08
8a[asLhan 3.27 3.27
Slkklm 2.23 3.38
1rlpura 0.18 0.27
uuar Þradesh 92.29 138.44
uuaranchal 10.23 13.38
WesL 8engal 16.10 24.13
!harkhand 22.30 33.43
339.79 338.03
Je
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.17 - Non-current |nvestments (contd...)
(` ln Crore)
b) Cther 8onds:-
13 years 8.3° !&k CovL. 8onds 2017 lnLeresL payable seml-annually redeemable
ln 20 half yearly lnsLalmenLs w.e.f 30.11.2007 8.09 10.38
13 years 8.3° !&k CovL. 8onds 2018 lnLeresL payable seml-annually redeemable
ln 20 half yearly lnsLalmenLsw.e.f 31.03.2008 10.73 13.43
18.84 23.81
III. Share app||canon money pend|ng a||oument |n Io|nt Venture Compan|es
1eesLavalley Þower 1ransmlsslon LlmlLed 3.20 -
nauonal Plgh Þower 1esL LaboraLory LlmlLed - 6.30
Lnergy Lmclency Servlces LlmlLed - 24.38
3.20 30.88
1ota| (A) 964.24 1101.19
8. non-Lrade lnvesLmenLs ( unquoLed )
300 (Þrevlous year 300) lully pald up shares of ` 10/- each ln Lmployees Co-op SocleLy LlmlLed lLarsl (`.3000/-)
300 (Þrevlous year 300) lully pald up shares of ` 10/- each ln LmployeesCo-op SocleLy LlmlLed nagpur (`.3000/-)
300 (Þrevlous year 300) lully pald up shares of ` 10/- each ln Lmployees Co-op SocleLy LlmlLed !abalpur (`. 3000/-)
1ota| (8 )
GkAND 1C1AL (A+8) 964.24 1101.19
Iurther notes:
1) AggregaLe amounL of CuoLed lnvesLmenLs
8ook value 12.00 12.00
MarkeL value 71.94 73.68
AggregaLe amounL of unquoLed lnvesLmenLs
8ook value 932.24 1089.19
2) 229319997 shares (Þrevlous year 229319997) of Þowerllnks 1ransmlsslon LLd. held by Lhe Company have been pledged as conunuous
securlLy wlLh consoruum of ñnanclal lnsuLuuons agalnsL ñnanclal asslsLance obLalned by Þowerllnks 1ransmlsslon LlmlLed.
3) lnvesLmenLs have been valued as per accounung pollcy no. 1.11(noLe no 1)
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.18 - Long-term |oans and advances
(unsecured consldered good unless oLherwlse sLaLed)
(` ln Crore)
A) Advances for Cap|ta| Lxpend|ture
l) Secured 1.21 2.09
ll) unsecured
a. AgalnsL 8ank guaranLees 4783.48 4671.32
b. CLhers 344.29 417.62
lll) unsecured Consldered uoubuul 1.14 1.14
3328.91 3090.28
Less: Þrovlslon for 8ad & uoubuul Advances 1.14 1.14
3327.77 3089.14
3328.98 3091.23
8) Loans
l) Lmployees (lncludlng lnLeresL accrued)
Secured 111.30 118.04
unsecured 3.30 3.22
116.80 123.26
ll) Long 1erm Loan (under securlusauon Scheme) 38.36 33.99
lll) Lease 8ecelvables 447.36 293.02
602.72 472.27
JJ
C) Secur|ty Depos|ts 3.9S 7.70
D) Advances recoverab|e |n cash or |n k|nd or for va|ue to be rece|ved
ConLracLors & Suppllers(lncludlng maLerlal lssued on Loan) 16.33 1.23
Lmployees 3.31 14.74
CLhers 3.62 20.38
8alance wlLh CusLoms ÞorL 1rusL and oLher auLhorlues 2.27 7.19
27.73 43.36
Consldered doubuul 9.00 7.18
36.73 30.74
Less: Þrovlslon for bad and doubuul Advances 9.00 7.18
27.73 43.36
1ota| S963.40 S614.76
uue from:
ulrecLors 0.03 0.03
Cmcers 9.60 13.33
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.19 - Current |nvestments
(` ln Crore)
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.18 - Long-term |oans and advances (contd...)
(unsecured Consldered good unless oLherwlse sLaLed)
(` ln Crore)
CUkkLN1 MA1UkI1ILS CI LCNG 1LkM INVLS1MLN1S (A1 CCS1)
1kADL INVLS1MLN1S
Govt.Secur|nes ( Unquoted ):-
a) 8.S¼ tax free 8onds redeemab|e |n 20 ha|f year|y |nsta|ments w.e.f. 1.10.2006 of :
Andhra Þradesh 18.04 18.04
Arunachal Þradesh 0.32 0.32
Assam 16.78 16.78
8lhar 16.22 16.22
Cu[araL 7.00 7.00
Paryana 8.04 8.04
Plmachal Þradesh 0.28 0.28
!ammu & kashmlr 16.20 16.20
kerala 2.42 2.42
Madhya Þradesh 10.40 10.40
MaharashLra 1.34 1.34
Manlpur 3.18 3.18
Meghalaya 0.04 0.04
nagaland 1.40 1.40
Þun[ab 4.70 4.70
Slkklm 1.12 1.12
1rlpura 0.10 0.10
uuar Þradesh 46.14 46.14
uuaranchal 3.12 3.12
WesL 8engal 8.06 8.06
!harkhand 11.16 11.16
178.26 178.26
1JJ
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.19 - Current |nvestments (contd...)
(` ln Crore)
b) Cther 8onds:-
13 years 8.3° !&k CovL. 8onds 2017 lnLeresL payable seml-annually
redeemable w.e.f 30.11.2007 2.31 2.31
13 years 8.3° !&k CovL. 8onds 2018 lnLeresL payable seml-annually
redeemable w.e.f 31.03.2008 2.69 2.69
3.00 3.00
1ota| 183.26 183.26
Grand tota| 183.26 183.26
Iurther notes:
AggregaLe amounL of unquoLed lnvesLmenLs
8ook value 183.26 183.26
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.20 - Inventor|es
(` ln Crore)
(As Laken valued and ceruñed by Lhe ManagemenL)
(lor mode of valuauon refer noLe 1.12)
Loose Lools 0.68 0.69
Consumable sLores 3.13 3.11
ComponenLs, Spares & oLher spare parLs:
1owers 130.33 113.07
ConducLors 41.82 23.18
CLher Llne MaLerlals 149.14 96.29
Sub-SLauon LqulpmenLs/Spares 136.72 108.33
Plgh volLage ulrecL CurrenL LqulpmenLs/spares 60.78 37.36
unlñed Load despaLch CenLre Spares 2.26 2.33
1elecom Spares 8.06 8.02
CLher SLores 16.82 23.77
331.78 440.37
Less Þrovlslon for ShorLages 0.23 0.26
1oLal SS1.S3 440.31
Inventor|es |nc|udes mater|a| |n trans|t
CLher SLores - 0.01
1oLal - 0.01
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.21 - 1rade rece|vab|es
(` ln Crore)
l) CuLsLandlng for a perlod exceedlng slx monLhs
Consldered good 243.46 184.87
Consldered doubuul 20.61 78.03
266.07 262.90
ll) CLhers 1188.63 1312.62
1434.70 1373.32
Less: Þrovlslon for bad & doubuul Lrade recelvables 20.61 78.03
1ota| 1434.09 1497.49
(unsecured Consldered good unless oLherwlse sLaLed)
1J1
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.22 - Cash and 8ank ba|ances
(` ln Crore)
1) Cash and Cash Lqu|va|ents
8alance wlLh banks-
- ln CurrenL accounLs 860.93 431.17
- ln Lerm deposlLs (lÞC proceeds Lo be uullsed for ldenuñed pro[ecLs) - 230.00
- ln deslgnaLed currenL accounLs (Lo be uullsed for consulLancy asslgnmenLs) 788.13 1124.30
uraûs/Cheques ln hand 4.37 3.23
Cash ln hand 0.03 0.02
SLamps and lmpresL 0.01 0.01
16S3.S1 1830.9S
2) Cther 8ank ba|ances
- ln currenL accounL (unclalmed dlvldends) 8.46 3.93
- ln 1erm ueposlLs havlng maLurlLy over 3 monLhs (lÞC proceeds Lo
be uullsed for ldenuñed pro[ecLs) - 300.00
1ota| 1661.97 2336.88
Iurther notes:
8alance wlLh 8anks ln currenL accounLs and deslgnaLed currenL accounLs under cash and cash equlvalenLs above, lncludes llquld ßexl Lerm
deposlL ` 113.71 crore (prevlous year ` nlL) and ` 773.13 crore (prevlous year `1104.70 crore) respecuvely
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.23 - Short-term |oans and advances
(` ln Crore)
A) Loans
a) Lmp|oyees |nc|ud|ng |nterest accrued
l) Secured 49.88 29.20
ll) unsecured 3.09 4.08
34.97 33.28
b) Cthers
CurrenL maLurlues of Long 1erm Advances (under securlusauon Scheme) 23.14 13.43
CurrenL MaLurlues of Lease 8ecelvables 63.44 131.44
86.38 146.87
1ota| (A) 141.SS 180.1S
8) Advances to re|ated parnes 10S.39 26.43
C) Advances recoverab|e |n cash or |n k|nd or for va|ue to be rece|ved
a) Lmployees 20.40 23.32
b) CLhers
ConLracLors & Suppllers (lncludlng MaLerlal lssued on loan) 31.72 6.78
8alance wlLh CusLoms ÞorL 1rusL and oLher auLhorlues 13.70 11.24
Advance 1ax & 1uS 2749.70 2114.48
Less: Þrovlslon for Laxauon (noLe 2.11) 2623.08 2007.73
126.62 106.73
CLhers 133.63 71.29
327.69 196.06
1ota| (C) 348.09 219.38
1ota|(A+8+C) S9S.03 42S.96
ulrecLors 0.02 -
Cmcers 3.22 11.32
Iurther notes:
8reakup of advances Lo relaLed parues ls provlded ln noLe 2.44(b)
(unsecured Consldered good unless oLherwlse sLaLed)
1JZ
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.24 - Cther current assets
(` ln Crore)
a) unbllled 8evenue 1737.87 1348.81
b) lnLeresL accrued buL noL due
lnLeresL accrued on lnvesLmenLs (8onds) 27.94 33.76
lnLeresL accrued on 1erm/llxed ueposlLs 4.88 13.67
c) Clalms recoverable 8.91 8.33
d) CLhers 39.97 37.40
1839.37 1443.99
1ota| 1839.S7 144S.99
Iurther notes:
unbllled revenue `742.13 crore ( Þrevlous year `330.93 Crore) represenL amounL for whlch Lhe company ls yeL Lo ralse bllls ln vlew of
recognluon of revenue as per CL8C 1arlñ norms appllcable for 2009-2014 and also lncludes Lransmlsslon charges for Lhe monLh of March,2013
amounung Lo `1013.72 crore (prevlous year `817.88 crore) bllled Lo benlñclarles ln Lhe monLh of Aprll, 2013(Þrevlous year Aprll,2012).
(unsecured Consldered good unless oLherwlse sLaLed)
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
Note 2.2S - kevenue from operanons
(` ln Crore)
|) 1anasm|ss|on 8us|ness
Sales of servlces
Transmission Charges 11704.78 9186.42
Add:8evenue 8ecognlsed ouL of Advance agalnsL depreclauon 48.82 32.29
Add: -ShorL 1erm Cpen Access 409.06 323.48
12162.66 9344.19
Cther operanng revenue
lnLeresL on dlñerenual beLween Þrovlslonal and llnal 1arlñ by CL8C 48.40 128.94
12211.06 9673.13
||) 1e|ecom |ncome
Sales of servlces
nLu 227.06 199.36
lÞ-1 10.31 9.43
lSÞ 1.36 1.21
CLhers 4.83 -
243.38 210.00
Less: Inter D|v|s|ona| 1ransfer
nLu 6.88 3.33
lÞ-1 3.16 3.16
lSÞ 0.13 0.12
12.19 8.81
231.39 201.19
|||) Consu|tancy Þro[ect Management and Superv|s|on
Sales of servlces 228.96 289.93
Sales of producLs 86.44
313.40 289.93
1ota| 127S7.8S 10164.27
Iurther notes:
1he company has recognlzed Lransmlsslon lncome durlng Lhe year as per Lhe followlng:
a) `3430.39 crore (prevlous year ` 1934.42 crore ) for whlch provlslonal Larlñ orders have been lssued by Lhe CenLral LlecLrlclLy 8egulaLory
Commlsslon ( CL8C) allowlng provlslonal bllllng aL 83-93° of Lhe Larlñ clalmed ,
b) `8141.31 crore (prevlous year ` 6316.80 crore ) for whlch ñnal Larlñ orders have been lssued by CL8C
c) ` 96.44 crore (prevlous year ` 301.94 crore) based on CL8C 1arlñ norms appllcable for Lhe Larlñ block 2009-14 for whlch Larlñ orders are yeL Lo
be lssued by CL8C.
d) 1ransmlsslon charges for Lhe currenL year lnclude ` 63.26 crore (Þrevlous year ` 463.33 crore) on accounL of deferred Lax maLerlallsed durlng
Lhe year whlch ls recoverable from benlñclarles as per CL8C 1arlñ 8egulauons 2009 nouñed by Lhe CL8C.
e) CL8C lssued Larlñ order daLed 29.04.2011 ln respecL of 8arh-8alla 1ransmlsslon llne conslderlng Lhe daLe of commerclal operauon (uCCC) 01.07.10.
AgalnsL Lhls Larlñ order, one of Lhe beneñclarles ñled appeal before Lhe AppellaLe 1rlbunal for LlecLrlclLy (A1L) challenglng Lhe Larlñ approved by
CL8C based on above uCCC clalmed by Lhe company. 1he A1L vlde lLs orders daLed 2.07.12 observed LhaL Lhe uCCC of 1.7.10 was noL correcL as Lhe
appellanL had reporLed LhaL Lhe Lransmlsslon llne was acLually commlssloned ln AugusL 2011 l.e. when lL was successfully LesL charged aL boLh ends as
Lhe work whlch was ln scope of generaung Company have been compleLed ln AugusL 2011. Accordlngly, Lhe A1L remanded CL8C for redeLermlnauon
of uCCC and Larlñ of Lhe 1ransmlsslon llne. A1L vlde order daLed 8.11.12 also re[ecLed Lhe revlew peuuon of Lhe company ln Lhls regard. upon Lhls, Lhe
company ñled an appeal ln Lhe Supreme CourL explalnlng LhaL Lhe uCCC of 1.7.10 was as per CL8C 8egulauons.1he Supreme CourL ln lLs order daLed
13.3.13 granLed sLay ln furLher proceedlngs before Lhe CL8C. Þendlng declslon of Lhe Supreme CourL, and conslderlng LhaL 1.7.10 ls correcL uCCC
as per CL8C 8egulauons, no ad[usLmenL has been made ln respecL of 8evenue of ` 83.18 crore recognlsed durlng Lhe perlod 1.7.10 Lo 31.7.11.
1JJ
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
Note 2.26 - Cther |ncome
(` ln Crore)
A) Income from non-current Investments
|) D|v|dend
Subsldlary 10.72 7.63
CLhers 49.96 46.33
||) Interest on Govt.secur|nes 39.26 74.88
8) Cther Interests
Loan Lo SLaLe CovL. ln seulemenL of dues 3.37 6.88
lndlan 8anks 216.73 346.70
lnLeresL from advances Lo conLracLors 267.49 178.90
lnLeresL on ouLsLandlng dues from uLSu 91.38 -
CLhers 7.92 7.89
709.0S 669.43
C) Cthers
ÞroñL on sale of llxed AsseLs 0.20 0.09
ueferred lncome (1ransferred from CranLs-ln-ald) 22.29 26.33
1ransfer from lnsurance 8eserve on A/c of Losses of llxed AsseLs 0.33 0.81
Lease lncome-SLaLe SecLor uLuC 33.66 7.89
Surcharge 73.47 66.93
Plre charges for equlpmenLs 0.28 0.08
lL8v galn 1.16 -
8ebaLe 0.27 0.30
Þrovlslons wrluen back (lncludlng for uLSu dues of`37.79 Crore) 39.24 40.79
Mlscellaneous lncome 31.26 62.66
933.23 873.31
Less:lncome Lransferred Lo expendlLure durlng consLrucuon-noLe 2.32 382.34 234.37
1ota| S70.89 620.74
Iurther Notes:
MlnlsLry of Þower vlde order daLed 3.2.13 conveyed Lhe approval of CovernmenL of lndla for non-plan asslsLance Lo CovernmenL of nauonal
CaplLal 1errlLory of uelhl (CnC1u) Lowards seulemenL of dues of ersLwhlle uelhl LlecLrlc Supply underLaklng (uLSu) Lo four CÞSus lncludlng
Þower Crld Corporauon of lndla LLd. Accordlng Lo Lhls order paymenL of prlnclpal amounL of ` 37.79 crore and lnLeresL of ` 91.38 crore ls Lo
be made by CnC1u Lo Lhe Company. ln vlew of above 1he Company has wrluen back provlslon of ` 37.79 crore made ln earller years and
accounLed lnLeresL of ` 91.38 crore as 'CLher lncome'.
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
Note 2.27 - Lmp|oyee benehts expense
(` ln Crore)
(` ln Crore)
Salarles wages allowances & beneñLs 1086.33 1026.10
ConLrlbuuon Lo provldenL and oLher funds 140.38 88.41
SLañ Welfare expenses 101.31 87.38
1328.02 1202.09
Less: 1ransferred Lo LxpendlLure durlng ConsLrucuon-noLe 2.32 441.62 339.12
1C1AL 886.40 842.97
Iurther notes:
a) Lmployees' remunerauon and beneñLs lnclude Lhe followlng for Lhe whole ume dlrecLors, lncludlng chalrman and managlng dlrecLor
and excludlng arrears pald Lo ex-dlrecLors.
Current ¥ear Þrev|ous year
Salarles and Allowances 2.21 1.80
ConLrlbuuon Lo ÞrovldenL lund and oLher lunds, CraLulLy and Croup lnsurance 0.10 0.08
CLher beneñLs 0.16 0.22
b) ln addluon Lo Lhe above remunerauon, Lhewhole ume dlrecLors have been allowed Lo use Lhe sLañ car (lncludlng for prlvaLe [ourneys)
on paymenL of `780/- p.m. as conLalned ln Lhe MlnlsLry of llnance (8ÞL) Clrcular no.2(18)/pc/64 dL. 29
Lh
november, 1964 as amended
c) Þendlng approval of MlnlsLry of Þower and ueparLmenL of Þubllc LnLerprlses, speclal allowance up Lo 10° of 8aslc pay amounung Lo
`16.73 crore for Lhe ñnanclal year 2012-13 (Cumulauve amounung Lo ` 61.43 crore upLo 31.03.2013) ls belng pald Lo employees who
are posLed ln Lhe dlmculL and far ßung areas. 1he above allowance ls above Lhe maxlmum celllng of 30° of 8aslc Þay as per uÞL omce
memorandum no. 2(70)/08-uÞL(WC)-CL-xvl/08 daLed 26-nov-2008.
1J+
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
Note 2.28 - I|nance costs
(` ln Crore)
A) Interest on Loan from
lndlan 8anks,llnanclal lnsuLuuons & Corporauons 338.13 223.08
lorelgn 8anks and llnanclal lnsuLuuons 230.40 143.68
Secured/unsecured redeemable 8onds 3330.04 2696.98
CLhers 7.60 26.87
4126.17 3094.61
8) Cther borrow|ng costs
CommlLmenL charges 18.34 3.23
CuaranLee lee 212.03 142.77
CLher ñnance charges 77.33 39.33
307.90 18S.3S
C) LkV as ad[ustment to 8orrow|ng Cost
L8v as ad[usLmenL Lo 8orrowlng CosL (671.89) 918.43
Less: 1ransferred Lo LxpendlLure durlng ConsLrucuon-noLe 2.32 - 246.01
(671.89) 672.44
Less: lL8v recoverable (397.97) 388.01
(73.92) 84.43
4360.13 3364.39
Less: 1ransferred Lo LxpendlLure durlng ConsLrucuon-noLe 2.32 1824.93 1421.13
1C1AL 2S3S.22 1943.26
Þarncu|ars
For the year ended
31
st
March, 2012
For the year ended
31
st
March, 2013
Note 2.29 - Deprec|anon and amornzanon expense
(` ln Crore)
uepreclauon/amorusauon on 1anglble AsseLs 3437.62 2386.76
Amorusauon of lnLanglble asseLs 24.02 17.32
3481.64 2604.08
Less: 1ransferred Lo LxpendlLure uurlng ConsLrucuon-noLe 2.32 11.06 8.99
3470.S8 2393.09
Less:uepreclauon amorused due Lo lL8v ad[usLmenL 118.66 22.33
Charged 1o SLaLemenL of ÞroñL & Loss 3331.92 2372.34
kepa|r & Ma|ntenance
8ulldlngs 27.97 24.44
ÞlanL & Machlnery
Sub SLauon 124.22 113.73
1ransmlsslon llnes 68.62 47.37
1elecom 23.61 23.12
CLhers 8.30 7.62
226.93 192.04
SysLem and MarkeL Cperauon Charges 16.80 27.39
Þower charges 103.68 80.80
Less: 8ecovery from conLracLors 0.77 1.03
104.91 79.73
Lxpenses of ulesel Ceneraung seLs 6.22 4.29
SLores consumed 0.09 0.03
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
Note 2.30 - 1ransm|ss|on, Adm|n|stranon and other expenses
(` ln Crore)
1J5
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
WaLer charges 1.03 0.97
8lghL of Way charges(1elecom) 3.43 4.23
ÞaLrolllng Lxpenses-1elecom 1.31 1.69
LasLmlle connecuvlLy-1elecom 0.30 0.12
1ralnlng & 8ecrulLmenL Lxpenses 17.30 20.93
Less:lees for Lralnlng and appllcauon 0.03 1.09
17.23 19.84
Legal expenses 14.69 7.90
Þrofesslonal charges(lncludlng 1A/uA) 10.67 7.19
ConsulLancy expenses(lncludlng 1A/uA) 1.60 1.33
Communlcauon expenses 12.02 9.73
1ravelllng & Conv.exp.(excludlng forelgn Lravel) 83.83 78.88
lorelgn Lravel 7.34 6.64
91.37 83.32
1ender expenses 13.23 16.16
Less: Sale of Lenders 4.14 6.14
9.09 10.02
kemuneranon to aud|tors
SLaLuLory AudlLors
AudlL lees 0.31 0.42
1ax AudlL lees 0.10 0.12
ln CLher CapaclLy 0.64 0.47
Arrears 0.24 -
CuL of pockeL Lxpenses 0.67 0.38
2.16 1.39
AdverusemenL and publlclLy 6.73 10.66
Þrlnung and sLauonery 4.72 3.24
8ooks Þerlodlcals and !ournals 0.91 0.93
LuÞ hlre and oLher charges 3.26 3.10
LnLerLalnmenL expenses 1.63 1.61
8rokerage & Commlsslon 0.20 0.32
8esearch & uevelopmenL expenses 1.07 3.16
CosL AudlL and Þhyslcal verlñcauon lees 0.43 0.28
8enL 9.92 9.13
CaplLal LxpendlLure on asseLs noL owned by Lhe Company 7.87 0.43
CL8C peuuon & CLher charges 14.24 3.43
Mlscellaneous expenses 29.93 24.12
PoruculLure Lxpenses 8.80 6.93
SecurlLy Lxpenses 67.39 38.83
Plrlng of vehlcle 74.02 37.73
lnsurance 49.96 31.07
8aLes and Laxes 10.13 7.34
Llcense lees Lo uC1 13.93 14.10
8andwldLh charges dark ñbre lease charges (1elecom) eLc 16.61 13.38
LxpendlLure on CorporaLe Soclal 8esponslblllLy (CS8) 21.73 26.97
LxpendlLure susLalnable developmenL 0.09 -
non operaung expenses 0.32 1.13
1ranslL Accomodauon Lxpenses 6.30 3.30
Less : lncome from 1ranslL Accomodauon 0.78 0.66
3.72 4.84
8ebaLe Lo CusLomers 79.19 113.40
lorelgn Lxchange 8aLe varlauon (neL of lL8v galn & amounL recoverable) - 2.23
Note 2.30 - 1ransm|ss|on, Adm|n|stranon and other expenses (contd...)
(` ln Crore)
1Jë
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
Income
1ransmlsslon charges 31.20 (17.20)
uepreclauon wrluen back 0.13 -
uepreclauon amorused due Lo lL8v 1.82 -
ueferred lncome (1ransferred from CranLs-ln-ald) - 3.66
Lease lncome-SLaLe SecLor uLuC - 9.97
ConsulLancy Þro[ecL ManagemenL and Supervlslon lees - 2.97
CLhers 20.30 1.13
73.47 2.SS
Lxpend|ture
8aLes and Laxes 1.20 -
uepreclauon 29.74 6.21
unspenL CS8 LxpendlLure for earller years - 13.22
lnLeresL 12.66 0.73
Lmployee 8emunerauon - 7.43
CLhers 3.31 (3.98)
48.91 21.63
Þr|or per|od expend|ture](|ncome)(Net) (24.36) 19.08
Less: 1ransferred Lo LxpendlLure durlng ConsLrucuon -noLe 2.32 0.14 0.42
1ota| (24.70) 18.66
Note 2.31 - Þr|or per|od |tems
(` ln Crore)
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
Þrov|s|ons
Þrovlslon-CLhers 2.73 2.30
2.73 2.30
983.89 882.83
Less:1ransferred Lo LxpendlLure durlng ConsLrucuon-noLe 2.32 118.93 73.94
864.96 806.89
ueferred revenue Lxpenses wrluen oñ - 1.79
Loss on ulsposal/WrlLe oñ of llxed AsseLs 6.38 1.30
1oLal 871.S4 809.98
SLores consumpuon lncluded ln repalr and malnLenance 83.46 31.77
Iurther Notes:
1he Company has allowed rebaLe agalnsL paymenL recelved Lhrough LC/cheques/81CS for eñecung beuer and umely recovery of dues from
SLaLe Þower uullues on conslsLenL basls.
Note 2.30 - 1ransm|ss|on, Adm|n|stranon and other expenses (contd...)
(` ln Crore)
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
Note 2.32 - Lxpend|ture dur|ng Construcnon (Net)
(` ln Crore)
A. Lmp|oyees kemuneranon & 8enehts
Salarles wages allowances and beneñLs 377.78 316.13
ConLrlbuuon Lo provldenL and oLher funds 43.68 26.33
Welfare expenses 20.16 16.64
1oLal(A) 441.62 339.12
8.Cther Lxpenses
8epalr and malnLenance
8ulldlngs 2.34 1.98
CLhers 3.37 0.89
6.11 2.87
1Jì
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
Þower charges 16.43 3.63
Less: 8ecovered from conLracLors 0.60 0.88
13.83 2.77
Lxpenses on ulesel Ceneraung seLs 1.43 0.68
WaLer charges 0.17 0.29
1ralnlng & 8ecrulLmenL Lxpenses 0.03 0.01
Legal expenses 1.23 0.66
Þrofesslonal charges 1.67 1.79
ConsulLancy expenses 0.19 0.01
Communlcauon expenses 2.79 2.11
1ravelllng & Conv.exp. (lncludlng lorelgn 1ravel) 33.77 28.86
1ender expenses 3.83 9.46
Less: lncome from sale of Lenders 3.83 3.87
2.00 3.39
ÞaymenL Lo AudlLors 0.06 0.06
AdverusemenL and ÞubllclLy 1.30 0.62
Þrlnung and sLauonery 0.39 0.32
LuÞ hlre and oLher charges 0.26 0.11
LnLerLalnmenL expenses 0.17 0.12
8rokerage and commlsslon 0.06 0.03
8enL 3.80 3.16
Mlscellaneous expenses 3.73 3.40
PoruculLure Lxpenses 0.34 0.48
SecurlLy Lxpenses 10.73 6.49
Plrlng of vehlcles 24.86 13.90
lnsurance 0.60 0.22
8aLes and Laxes 2.08 0.76
CuesL Pouse Lxpenses 0.91 0.44
Less:lncome from guesL house 0.04 0.03
0.87 0.41

Sub-LoLal 118.93 73.94
Þrlor Þerlod ad[usLmenL (neL) 0.14 0.42
1ota|(8) 119.07 76.36
C. Deprec|anon]Amornsanon 11.06 8.99
D. I|nance Costs
a) lnLeresL on Loans from
lndlan 8anks,llnanclal lnsuLuuons and Corporauons 123.16 7.30
lorelgn 8anks and llnanclal lnsuLuuons 84.98 20.03
Secured/unsecured 8edeemable 8onds 1434.32 1327.87
1664.66 1333.42
b) CLher borrowlng cosLs
CommlLmenL charges 18.20 2.82
CuaranLee fee 76.88 32.32
CLher llnance Charges 63.19 30.37
160.27 63.71
c) lL8v ad[usLmenL Lo borrowlng cosL - 246.01
1ota| ( D ) 1824.93 1667.14
L. Less: Cther Income
lnLeresL from
lndlan banks 113.94 67.33
ConLracLors 264.03 178.66
CLhers 0.91 0.63
378.90 246.84
Mlscellaneous lncome 3.20 7.72
Plre charges 0.24 0.01
1ota| (L) 382.34 2S4.S7
GkAND 1C1AL (A+8+C+D-L) 2014.34 18S7.04
Note 2.32 - Lxpend|ture dur|ng Construcnon (Net) (contd...)
(` ln Crore)
1Je
(` ln Crore)
2.33 Cash equlvalenL of deemed exporL beneñLs avalled of ` 209.99 crore ln respecL of supplles añecLed for LasL SouLh lnLer
ConnecLor-ll 1ransmlsslon Þro[ecL (LSl) and Sasaram 1ransmlsslon Þro[ecL (S1Þ), were pald Lo Lhe CusLoms and CenLral Lxclse
AuLhorlues ln accordance wlLh dlrecuon from MlnlsLry of Þower (CovL. of lndla) durlng 2002-03 due Lo non avallablllLy of World
8ank loan for Lhe enure supplles ln respecL of LSl pro[ecL and for Lhe supplles prlor Lo March 2000 ln respecL of S1Þ pro[ecL and
Lhe same was caplLallsed ln Lhe books of accounLs. 1hereaûer, World 8ank had ñnanced boLh Lhe LSl pro[ecL and S1Þ pro[ecL as
orlglnally envlsaged and Lhey became ellglble for deemed exporL beneñLs. ConsequenLly, Lhe company has lodged clalms wlLh Lhe
CusLoms and Lxclse AuLhorlues.
ln Lhe regard Lhe Cumulauve amounL recelved and de-caplLallzed upLo 31sL March 2013 ls ` 12.12 crore (Þrevlous year ` 12.12
crore). 1he company conunued Lo show Lhe balance of ` 197.87 crore as aL 31sL March 2013 (Þrevlous year ` 197.87 crore) ln Lhe
caplLal cosL of Lhe respecuve asseLs / pro[ecLs pendlng recelpL of Lhe same from CusLoms and Lxclse AuLhorlues.
2.34 CuL of Lhe proceeds of lollow on Þubllc Cñer (lÞC) made ln llnanclal ?ear 2010-11, a sum of ` 730 crore (Þrevlous ?ear `1371.17
crore) has been uullsed durlng Lhe year for parL ñnanclng of caplLal expendlLure on Lhe pro[ecLs speclñed for uullzauon resulung ln
compleLe uullsauon of funds amounung Lo ` 3721.17 crore ralsed Lhrough lÞC.
2.33 a) CerLaln balances ln Loans and Advances & 1rade Þayables are sub[ecL Lo conñrmauon and consequenual ad[usLmenLs, lf any.
b) ln Lhe oplnlon of Lhe managemenL, Lhe value of any of Lhe asseLs oLher Lhan ñxed asseLs and non currenL lnvesLmenLs on
reallzauon ln Lhe ordlnary course of buslness wlll noL be less Lhan value aL whlch Lhey are sLaLed ln Lhe 8alance SheeL.
2.36 lnformauon ln respecL of cosL plus consulLancy conLracLs, conslderlng Lhe same as consulLancy buslness ln vlew of Accounung
SLandard (AS)-7 (8evlsed 2002) ºConsLrucuon ConLracLs " ls provlded as under :
2.37 1he company has been enLrusLed wlLh Lhe responslblllLy of bllllng collecuon and dlsbursemenL (8Cu) of Lhe Lransmlsslon charges on
behalf of all Lhe lS1S (lnLersLaLe Lransmlsslon SysLem) llcensees Lhrough Lhe mechanlsm of Lhe ÞCC (ÞolnL of Connecuon) charges
lnLroduced w.e.f. 01-07-2011 whlch lnvolves bllllng based on approved drawal/ln[ecuon of power ln place of old mechanlsm based
on Mega Wau allocauon of power by MlnlsLry of Þower. 8y Lhls mechanlsm, revenue of Lhe company wlll remaln unañecLed.
Some of Lhe beneñclarles aggrleved by Lhe ÞCC mechanlsm have preferred appeal before varlous Plgh CourLs of lndla and conunue
Lo make paymenL as per old sysLem of bllllng. uue Lo Lhls, an unreallzed amounL of ` 273.27 crore (prevlous year ` 141.36 crore) ls
lncluded ln 1rade 8ecelvables. All such appeals have been Lransferred Lo uelhl Plgh CourL as per order of Lhe Supreme CourL on Lhe
appeal preferred by Lhe company and company has also requesLed for dlrecung aglLaung sLaLes Lo pay full Lransmlsslon charges as
per new meLhodology pendlng seulemenL of Lhe mauer.
2.38 (l) lL8v Loss of ` 1660.02 crore lncludlng ` 671.89 crore for Þrevlous ?ear (prevlous year lL8v loss `882.14 crore) has been ad[usLed
ln Lhe respecuve carrylng amounL of llxed AsseLs/CaplLal work ln Þrogress (CWlÞ)/lease recelvables.
(ll) lL8v Caln of `1.16 crore (Þrevlous ?ear lL8v Loss `2.23 crore) has been recognlsed ln Lhe SLaLemenL of ÞroñL and Loss.
2.39 LñecL due Lo change ln accounung pollcles durlng Lhe year -
l) MlnlsLry of CorporaLe Añalrs, CovernmenL of lndla Lhrough clrcular no.23/2012 daLed 9Lh AugusL 2012 has clarlñed LhaL Þara 6 of
Accounung SLandard (AS)-11 and para 4(e) of AS 16 shall noL apply Lo company whlch ls applylng para 46A of AS 11. ConsequenLly,
exchange dlñerences arlslng on seulemenL/Lranslauon of forelgn currency loans Lo Lhe exLenL regarded as an ad[usLmenL Lo
lnLeresL cosL as per para 4(e) of AS 16 and charged Lo Lhe sLaLemenL of proñL and loss have now been ad[usLed ln Lhe cosL of
relaLed caplLal asseLs. 1hls change ln accounung pollcy ls made eñecuve from 01 Aprll 2011.1hls change has resulLed ln lncrease
ln ÞroñL before Lax for Lhe year by ` 122.93 crore ( lncludlng ` 66.12 crore for l? 11-12).
ll) ln vlew of oplnlon of Lhe LxperL Advlsory Commluee of Lhe lnsuLuLe of CharLered AccounLanLs of lndla, unspenL expendlLure, ouL
of Lhe budgeL for Lhe year Lowards CorporaLe Soclal 8esponslblllLy(CS8), whlch was hlLherLo belng provlded for ln Lhe sLaLemenL
of ÞroñL & Loss ls now belng Lransferred Lo CS8 reserve by approprlaung proñL. 1he change has resulLed ln lncrease ln proñL
before Lax for Lhe year by ` 26.06 crore (lncludlng `13.26 crore wrlLe back of provlslon for earller years ).
2.40 8orrowlng cosL caplLallsed durlng Lhe year ls ` 1824.93 crore (prevlous ?ear ` 1667.14 crore) as per AS 16- º8orrowlng CosL".
2.41 Þendlng approval of Lhe Þerformance 8elaLed Þay ( Þ8Þ ) scheme for workmen, provlslon of `41.48 crore (lncludlng ` 21.87 crore for
earller years) has been made neL of paymenLs made as per old Þerformance Llnked lncenuve Scheme.
Þarncu|ars
¥ear ended
31.03.2013
¥ear ended
31.03.2012
l) 1he amounL of revenue recognlsed on cosL plus consulLancy conLracL works 176.90 200.88
ll) 1he methods used to determ|ne the contract revenue recogn|sed |n the per|od:
13° of LoLal consulLancy fees upLo award sLage Lo execuung agencles (ouL of whlch 10° upLo
lssue of nouces lnvlung Lenders), 83° wlLh progress of work lncludlng supplles (Þrogress of
work ls Laken as ceruñed by englneer ln charge).
As Þer Þollcy As Þer Þollcy
lll) Cumulauve amounL of cosLs lncurred on consLrucuon conLracLs 11319.24 10243.19
lv) Cumulauve amounL of advance recelved from cusLomers 13231.83 12043.80
v) AmounL of reLenuon money wlLh cusLomers 96.01 0.00
vl) Cross amounL due from cusLomers for conLracL works as an asseL 33.32 13.38
vll) Cross amounL due Lo cusLomers for conLracL works as a llablllLy 1413.23 1413.10
OTHER NOTES
1JJ
2.42 ulsclosures as per Accounung SLandard (AS) 13
ueñned employee beneñL/ conLrlbuuon schemes are as under:-
A. ÞrovldenL lund
Company pays ñxed conLrlbuuon Lo ÞrovldenL lund aL predeLermlned raLe Lo a separaLe LrusL, whlch lnvesLs Lhe funds ln permlued
securlues. ConLrlbuuon Lo famlly penslon scheme ls pald Lo Lhe approprlaLe auLhorlues. 1he conLrlbuuon Lo Lhe fund for Lhe year
amounung Lo ` 66.37 crore(prevlous year `60.69 crore) has been recognlzed as expense and ls charged Lo SLaLemenL of ÞroñL and
Loss. 1he obllgauon of Lhe company ls llmlLed Lo such ñxed conLrlbuuon and Lo ensure a mlnlmum raLe of lnLeresL on conLrlbuuons
Lo Lhe members as speclñed by CCl. As per Lhe reporL of acLuary over all lnLeresL earnlng and cumulauve surplus 'ls more' Lhan
sLaLuLory lnLeresL paymenL requlremenL. Pence, no furLher provlslon ls consldered necessary.
8. CraLulLy
1he company has a deñned beneñL graLulLy plan. Lvery employee who has rendered conunuous servlce of ñve years or more ls
enuLled Lo geL graLulLy aL 13 days salary (13/26 x lasL drawn baslc salary plus, dearness allowance) for each compleLed year of servlce
on superannuauon, reslgnauon, Lermlnauon, dlsablemenL or on deaLh sub[ecL Lo a maxlmum of ` 10 lacs. 1he scheme ls funded by
Lhe company and ls managed by a separaLe LrusL. 1he llablllLy for Lhe same ls recognlsed on Lhe basls of acLuarlal valuauon on annual
basls on Lhe 8alance SheeL daLe.
C. Þenslon
1he Company has scheme of employees deñned Þenslon ConLrlbuuon. Company conLrlbuuon ls pald Lo separaLe LrusL. AmounL of
conLrlbuuon pald/payable for Lhe year ls ` 32.24 crore (Þrevlous ?ear ` 30.36 crore) has been recognlsed as expense and ls charged
Lo sLaLemenL of proñL & loss.
u. ÞosL-8euremenL Medlcal laclllLy (Þ8Ml)
1he company has ÞosL-8euremenL Medlcal laclllLy (Þ8Ml), under whlch reured employees and Lhe spouse are provlded medlcal
faclllues ln Lhe empanelled hosplLals. 1hey can also avall LreaLmenL as CuL-ÞauenL sub[ecL Lo a celllng ñxed by Lhe company. 1he
scheme ls unfunded and llablllLy for Lhe same ls recognlsed on Lhe basls of acLuarlal valuauon on annual basls on Lhe 8alance SheeL daLe.
L. CLher ueñned 8euremenL 8eneñLs (Cu88)
1he Company has a scheme for seulemenL aL Lhe ume of superannuauon aL home Lown for employees and dependenLs Lo
superannuaLed employees. 1he scheme ls unfunded and llablllLy for Lhe same ls recognlsed on Lhe basls of acLuarlal valuauon on
annual basls on Lhe 8alance SheeL daLe.
1he summar|sed pos|non of var|ous dehned benehts recogn|zed |n the Statement of Þroht & Loss and 8a|ance Sheet and funded
status |s as under:-
a) Lxpenses recognlsed ln SLaLemenL of proñL and loss
C1nLk NC1LS (contd...)
Descr|pnon GkA1UI1¥ PRMF ODRB

Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
CurrenL Servlce CosL 19.11 17.27 6.13 4.81 0.66 0.61
lnLeresL cosL on beneñL obllgauon 28.62 27.03 11.88 10.03 1.01 0.90
LxpecLed reLurn on plan asseLs (30.14) (27.03) -- -- -- --
neL acLuarlal (galn)/loss recognlzed ln Lhe year 4.11 10.18 14.70 20.86 (0.47) 0.78
Lxpenses recognlzed ln Lhe SLaLemenL of proñL and
loss
21.69 27.43 32.71 33.71 1.20 2.31
b) AcLual reLurn on plan asseLs ls ` 30.23 crore (prevlous year ` 27.77 crore)
c) 1he amounL recognlzed ln Lhe 8alance SheeL
Descr|pnon GkA1UI1¥ PRMF ODRB

Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
(l) ÞresenL value of obllgauon as aL 31/03/2013 389.31 337.73 179.27 148.33 13.42 12.62
(ll) lalr value of plan asseLs as aL 31/03/2013 383.34 334.62 - - - -
ulñerence (ll) - (l) (3.96) (3.11) (179.27) (148.33) (13.42) (12.62)
neL asseL (llablllLy) recognlzed ln Lhe 8alance SheeL (3.96) (3.11) (179.27) (148.33) (13.42) (12.62)
(` ln Crore)
(` ln Crore)
11J
d) Changes ln Lhe presenL value of Lhe deñned beneñL obllgauons:
e) Changes ln Lhe falr value of plan asseLs:
l. CLher Lmployee 8eneñLs
Þrovlslon for Leave encashmenL (lncludlng compensaLed absences) amounung Lo ` (11.63) crore (prevlous ?ear ` 60.33 crore) for Lhe
year has been made on Lhe basls of acLuarlal valuauon aL Lhe year end and same ls credlLed Lo SLaLemenL of ÞroñL and Loss.
Þrovlslon for Long Servlce Award amounung Lo ` 1.19 crore (Þrevlous ?ear ` 8.67 crore lncludlng for earller years ` 7.43 crore) have been
made on Lhe basls of acLuarlal valuauon aL Lhe year end.
C. ueLalls of Lhe Þlan AsseL (CraLulLy)
1he deLalls of Lhe plan asseLs aL cosL as on 31sL March, 2013 are as follows:-
(` ln crore)
(At Þurchase Va|ue)
CurrenL ?ear Þrevlous ?ear
l) SLaLe CovernmenL Securlues 68.84 41.92
ll) CenLral CovernmenL Securlues 88.43 64.18
lll) CorporaLe 8onds/uebenLures 228.63 242.33
lv) 88l Speclal ueposlL 3.13 3.13
v) CLher AsseLs 13.46 23.09
1ota|:- 406.49 376.87
Less : Share of ÞCSCCC ln Lhe plan AsseLs 22.93 22.23
Grand 1ota| 383.S4 3S4.62
P. AcLuarlal Assumpuons
Þrlnclpal assumpuons used for acLuarlal valuauon are:
l) MeLhod used - Þro[ecLed unlL credlL ( ÞuC)
ll) ulscounL raLe - 8° (prevlous ?ear 8.3 °)
ll) LxpecLed raLe of reLurn on asseLs (CraLulLy only) - 8.30 ° (prevlous ?ear 8.30°)
lv) luLure salary lncrease- 6° (prevlous ?ear 6°)
1he esumaLe of fuLure salary lncreases, consldered ln acLuarlal valuauon, Lakes lnLo accounL (l) lnßauon, (ll) SenlorlLy (lll) Þromouon
and (lv) CLher relevanL facLors, such as supply and demand ln Lhe employmenL markeL. lurLher Lhe expecLed reLurn on plan asseLs
ls deLermlned conslderlng several appllcable facLors malnly Lhe composluon of plan asseLs, assessed rlsk of asseL managemenL and
hlsLorlcal reLurn for plan asseLs.
l. 1he Company's besL esumaLe of conLrlbuuon Lowards graLulLy for Lhe ñnanclal year 2013-14 ls `8.13 crore (prevlous year `22.36 crore)
Descr|pnon GkA1UI1¥ PRMF ODRB

Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
ÞresenL value of obllgauon as aL 01/04/2012 337.73 318.28 148.33 117.99 12.62 10.64
lnLeresL cosL 28.62 27.03 11.88 10.03 1.01 0.91
CurrenL Servlce CosL 19.11 17.27 6.13 4.81 0.66 0.61
8eneñLs pald (20.16) (13.77) (1.97) (3.17) (0.40) (0.33)
neL acLuarlal (galn)/loss on obllgauon 4.22 10.90 14.70 20.86 (0.47) 0.79
ÞresenL value of Lhe deñned beneñL obllgauon as aL 31/03/2013 389.31 337.73 179.27 148.33 13.42 12.62
Descr|pnon GkA1UI1¥
Current ¥ear Þrev|ous ¥ear
lalr value of plan asseLs as aL 01/04/2012 334.62 318.28
LxpecLed reLurn on plan asseLs 30.14 27.03
ConLrlbuuon by employer 18.83 24.34
8eneñLs pald (20.17) (13.77)
AcLuarlal galn/(loss) 0.11 0.72
lalr value of plan asseLs as aL 31/03/2013 383.34 334.62
C1nLk NC1LS (contd...)
(` ln crore)
(` ln crore)
111
k. Lxperlence Ad[usLmenLs
(` ln crore)
(` ln crore)
(` ln crore)
C1nLk NC1LS (contd...)
Þarncu|ars Increase by Decrease by
Servlce and lnLeresL CosL 2.77 (3.29)
ÞresenL value of obllgauon 17.03 (20.21)
¥ear ended
31
st
March, 2013
¥ear ended
31
st
March, 2012
CraLulLy
l) Þlan asseLs - Loss/(Caln)
ll) Cbllgauon- Loss/(Caln)
(0.11)
4.22
(0.72)
10.90
Þ8Ml
Cbllgauon - Loss/(Caln)
14.70 20.86
Cu88
Cbllgauon - Loss/(Caln)
(0.47) 0.78
!. 1he eñecL of Lhe percenLage polnL lncrease/decrease ln Lhe medlcal cosL of Þ8Ml wlll be as under:-
2.43 Segment |nformanon (AS 17):
a) 8us|ness Segments
1he company's prlnclpal buslness ls Lransmlsslon of bulk power across dlñerenL SLaLes of lndla. Powever, Lelecom and consulLancy
buslness are also LreaLed as a reporLable segmenL ln accordance wlLh para 28 of AS-17 ºSegmenL 8eporung".
b) Segment kevenue and Lxpense
8evenue dlrecLly aurlbuLable Lo Lhe segmenLs ls consldered as SegmenL 8evenue. Lxpenses dlrecLly aurlbuLable Lo Lhe segmenLs and
common expenses allocaLed on a reasonable basls are consldered as segmenL expenses.
c) Segment Assets and L|ab|||nes
SegmenL asseLs lnclude all operaung asseLs comprlslng of neL ñxed asseLs, consLrucuon work-ln-progress, consLrucuon sLores,
lnvesLmenLs, loans and advances and currenL asseLs. SegmenL llablllues lnclude long Lerm and shorL Lerm borrowlngs, currenL and
non currenL llablllues and provlslons
Segment kepornng
Transmission Consu|tancy 1e|ecom L|em|nanon 1ota|
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
8evenue:
8evenue from Cperauons
(lncludlng allocable oLher lncome)
12448.99 9868.63 318.03 292.33 231.37 201.44 12998.39 10362.42
lnLer SegmenL 8evenue 12.19 8.81 (12.19) (8.81)
neL 8evenue from Cperauons 12448.99 9868.63 318.03 292.33 243.76 210.23 (12.19) (8.81) 12998.39 10362.42
SegmenL resulLs 7633.29 3886.19 133.23 167.33 76.03 63.28 7862.39 6119.02
unallocaLed lnLeresL and CLher
lncome
330.13 422.39
unallocaLed llnance CosLs 2347.88 1944.01
ÞroñL before 1ax 3644.86 4397.60
Þrovlslon for 1axes 1410.36 1342.63
Þroht aher 1ax 4234.30 3234.93
CLher lnformauon:
SegmenL AsseLs 67896.41 32632.38 890.39 1309.63 829.37 739.02 69616.37 34681.23
unallocaLed AsseLs 41317.19 33327.10
1ota| Assets 111133.36 90208.33
SegmenL Llablllues: 4843.44 3903.37 1746.13 1772.43 321.23 490.47 7110.84 6166.27
unallocaLed CLher Llablllues
(lncludlng loans)
77783.23 60334.30
1oLal llablllues 84894.09 66720.37
uepreclauon and Amorusauon 3313.89 2322.11 0.42 0.43 63.38 36.21 3379.69 2378.73
non-cash expendlLure oLher Lhan
uepreclauon
6.70 4.36 1.99 0.10 0.64 0.93 9.33 3.39
CaplLal LxpendlLure 20392.69 13373.46 0.29 0.31 161.13 80.04 20734.13 13633.81
Note :
1. ÞroñL of 1elecom segmenL has been lncreased by Lhe amounL of lnLer segmenL revenue wlLh a correspondlng decrease ln proñL of 1ransmlsslon
segmenL.
2. ln earller years, uLuCs were LreaLed as separaLe buslness segmenL. ln order Lo have beuer presenLauon of segmenL resulL, same have been merged wlLh
1ransmlsslon segmenL and accordlngly prevlous year ñgures have also been merged wlLh 1ransmlsslon segmenL.
11Z
d) 1he operauon of Lhe company malnly carrled ouL wlLhln Lhe counLry and Lherefore Lhere ls no reporLable geographlcal segmenL.
2.44 ke|ated Þarty D|sc|osures:-
a) L|st of ke|ated Þarnes:-
|) key Management Þersonne|
Sh. 8.n. nayak Chalrman and Managlng ulrecLor
Sh. l.S. !ha ulrecLor (Þro[ecLs)
Sh. 8.1. Agarwal ulrecLor (llnance)
Sh. 8avl Þ Slngh ulrecLor(Þersonnel) w.e.f. 01.04.2012
Sh. 8.Þ. Sasmal ulrecLor(Cperauons) w.e.f. 01.08.2012
||) Subs|d|ar|es:- Who||y Cwned
l) Þower SysLem Cperauon Corporauon LlmlLed (ÞCSCCC)
ll) Þowergrld nM 1ransmlsslon LlmlLed
lll) Þowergrld vemaglrl 1ransmlsslon LlmlLed
|||) Io|nt Ventures:-
l) Þowerllnks 1ransmlsslon LlmlLed
ll) 1orrenL Þower Crld LlmlLed
lll) !aypee Þowergrld LlmlLed
lv) Þarbau koldam 1ransmlsslon Company LlmlLed
v) 1eesLavalley Þower 1ransmlsslon LlmlLed
vl) norLh LasL 1ransmlsslon Company LlmlLed
vll) nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed
vlll) Lnergy Lmclency Servlces LlmlLed.
lx) 8lhar Crld Company LlmlLed w.e.f . 04.01.2013
x) kallnga 8ldyuL Þrasaran nlgam ÞrlvaLe LlmlLed w.e.f. 31.12.2012
xl) Cross 8order Þower 1ransmlsslon Company LlmlLed w.e.f. 11.08.2012
b) 1ransacnons w|th the re|ated parnes at 2.44 (a) above dur|ng the year are as fo||ows:
C1nLk NC1LS (contd...)
Þarncu|ars Current year Þrev|ous ¥ear
1ransacuons for servlces recelved by Lhe company 16.29 27.39
Þower SysLem Cperauon Corporauon LlmlLed 16.29 27.39
1ransacuons for servlces provlded by Lhe company* 24.39 32.30
Þarbau koldam 1ransmlsslon Company LlmlLed 0.17 0.31
1orrenL Þower Crld LlmlLed 0.03 -
!aypee Þowergrld LlmlLed 0.06 2.00
norLh LasL 1ransmlsslon Company LlmlLed 22.22 43.73
nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed 1.34 2.13
Þowerllnks 1ransmlsslon LlmlLed 0.34 -
1eesLavalley Þower 1ransmlsslon LlmlLed - 0.33
Þower SysLem Cperauon Corporauon LlmlLed 0.23 1.36
AmounL recoverable 103.39 26.43
Þarbau koldam 1ransmlsslon Company LlmlLed 0.01 0.08
1orrenL Þower Crld LlmlLed 0.03 0.03
norLh LasL 1ransmlsslon Company LlmlLed 20.12 6.80
nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed 0.19 -
Lnergy Lmclency Servlces LlmlLed 0.02 0.03
8lhar Crld Company LlmlLed 0.08 -
kallnga vldyuL Þrasaran nlgam ÞrlvaLe LlmlLed 0.03 -
Þower SysLem Cperauon Corporauon LlmlLed 43.13 -
Þowergrld vemaglrl 1ransmlsslon LlmlLed 19.20 -
Þowergrld nM 1ransmlsslon LlmlLed 20.34 19.47
(` ln crore)
11J
C1nLk NC1LS (contd...)
Þarncu|ars Current year Þrev|ous ¥ear
AmounL payable 22.99 37.89
Þarbau koldam 1ransmlsslon Company LlmlLed 0.09 0.23
!aypee Þowergrld LlmlLed 0.30 0.32
norLh LasL 1ransmlsslon Company LlmlLed 2.08 1.87
nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed 20.07 24.62
Þowerllnks 1ransmlsslon LlmlLed 0.23 2.78
Þower SysLem Cperauon Corporauon LlmlLed - 7.83
lnvesLmenL made 71.97 72.86
!aypee Þowergrld LlmlLed 2.08 10.92
1eesLavalley Þower 1ransmlsslon LlmlLed 3.08 -
Þarbau koldam 1ransmlsslon Company LlmlLed 19.30 -
norLh LasL 1ransmlsslon Company LlmlLed 14.92 61.89
Lnergy Lmclency Servlces LlmlLed 21.87 -
Cross 8order Þower 1ransmlsslon Company LlmlLed 0.01 -
8lhar Crld Company LlmlLed 0.02 -
kallnga 8ldyuL Þrasaran nlgam ÞrlvaLe LlmlLed 0.01 -
nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed 8.43 -
Þowergrld nM 1ransmlsslon LlmlLed - 0.03
Þowergrld vemaglrl 1ransmlsslon LlmlLed 0.03 -
ulvldend 8ecelved 38.88 32.37
Þowerllnks 1ransmlsslon LlmlLed 48.16 44.72
Þower SysLem Cperauon Corporauon LlmlLed 10.72 7.63
uepuLauon of Lmployees 0.89 0.66
norLh LasL 1ransmlsslon Company LlmlLed - 0.06
Lnergy Lmclency Servlces LlmlLed 0.21 0.60
nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed 0.68 -
(` ln crore)
Þarncu|ars Current ¥eat Þrev|ous ¥ear
Cross value of asseLs acqulred and leased aL Lhe beglnnlng of Lhe year 993.92 994.06
Add Ad[usLmenL for gross value of asseLs acqulred prlor Lo Lhe beglnnlng of Lhe year - 1.86
8evlsed Cross value of Lhe asseLs aL Lhe beglnnlng of Lhe year 993.92 993.92
Less CaplLal recovery provlded up Lo Lhe beglnnlng of Lhe year 382.43 390.23
Add CaplLal recovery for asseLs acqulred prlor Lo Lhe beglnnlng of Lhe year - 78.98
8evlsed CaplLal recovery provlded up Lo Lhe beglnnlng of Lhe year 382.43 469.21
CaplLal recovery ouLsLandlng as on 31sL March of lasL ñnanclal year 413.47 326.71
Add Cross value of asseLs acqulred and leased durlng currenL ñnanclal year 68.01 -
Less CaplLal recovery for Lhe currenL year 60.44 113.24
Lease recelvables 421.04 413.47
*1hls does noL lnclude Lransacuons wlLh respecL Lo an agreemenL wlLh Þowerllnks 1ransmlsslon LLd. under whlch Lransmlsslon charges for
Lransmlsslon llne assoclaLed wlLh 1ala hydro elecLrlc power pro[ecL are ralsed by Þowerllnks 1ransmlsslon LLd. Lo Lhe company whlch pay
Lhe same and collecL from Lhe respecuve beneñclarles.
c) 8emunerauon Lo whole ume dlrecLors lncludlng chalrman and managlng dlrecLor ls ` 2.47 crore (prevlous year ` 2.10 crore) and amounL
of dues ouLsLandlng Lo Lhe company as on 31sL March, 2013 are ` 0.07 crore (prevlous year ` 0.03 crore).
2.4S D|sc|osures regard|ng |eases
a) llnance Leases :-
Long 1erm Loans and Advances and ShorL 1erm Loans and Advances lnclude lease recelvables represenung Lhe presenL value of fuLure
lease renLals recelvable on Lhe ñnance lease Lransacuons enLered lnLo by Lhe company wlLh Lhe consuLuenLs ln respecL of SLaLe SecLor
uLuC, as per Lhe Accounung SLandard (AS) - 19 ºLeases" nouñed under Lhe Companles AcL, 1936.
1he reconclllauon of Lhe lease recelvables (as per pro[ecL cosL daLa submlued Lo / approved by Lhe CL8C for Larlñ ñxauon) ls as under:
(` ln crore)
11+
C1nLk NC1LS (contd...)
Þarncu|ars
Amount as at
31
st
March, 2013
Amount as at
31
st
March, 2012
Cross lnvesLmenL ln Lease 381.63 331.02
un-earned llnance lncome 160.39 117.33
ÞresenL value of Mlnlmum Lease ÞaymenL (MLÞ) 421.04 413.47
Cross lnvesLmenL ln lease and presenL value of mlnlmum lease paymenLs recelvables as aL 31sL March, 2013 for each of Lhe perlods
are as under:
(` ln crore)
Þarncu|ars Gross Investment |n Lease Þresent Va|ue of MLÞs
As at
31
st
March, 2013
As at
31
st
March, 2012
As at
31
st
March, 2013
As at
31
st
March, 2012
noL laLer Lhan one year 93.23 90.67 60.74 39.33
LaLer Lhan one year and noL laLer Lhan ñve years 336.22 341.90 233.38 266.40
LaLer Lhan ñve years 130.18 98.43 106.72 87.32
1oLal 381.63 331.02 421.04 413.47
(` ln crore)
1he unearned ñnance lncome as on 31sL March, 2013 ls ` 160.39 crore (prevlous year ` 117.33 crore).
1he value of conLracLual maLurlLy of such leases as per AS-19 are as under :
b) Cperaung leases:-
1he company's slgnlñcanL leaslng arrangemenLs are ln respecL of operaung leases of premlses for resldenual use of employees, omces
and guesL houses/LranslL camps are usually renewable on muLually agreed Lerms buL are noL non-cancellable. Lmployees' remunerauon
and beneñLs lnclude ` 33.28 crore (prevlous ?ear ` 32.40 crore) Lowards lease paymenLs, neL of recoverles, ln respecL of premlses for
resldenual use of employees. Lease paymenLs of ` 9.92 crore (prevlous ?ear ` 8.14 crore) ln respecL of premlses for omces and guesL
house/LranslL camps are shown under Lhe head 8enL ln noLe 2.30 1ransmlsslon, AdmlnlsLrauon and CLher expenses.
Current ¥ear Þrev|ous ¥ear
neL ÞroñL aûer Lax used as numeraLor (`ln crore) 4234.30 3234.93
WelghLed average number of equlLy shares used a denomlnaLor 4629723333 4629723333
Larnlng per share (8aslc & ulluLed) (ln ` ) 9.13 7.03
lace value per share ln ` 10 10
Name of the company
Þropornon (¼) of ownersh|p as at
31
st
March, 2013 31
st
March, 2012
Þowerllnks 1ransmlsslon LlmlLed 49° 49°
1orrenL Þower Crld LlmlLed* 26° 26°
!aypee Þowergrld LlmlLed 26° 26°
Þarbau koldam 1ransmlsslon Company LlmlLed 26° 26°
1eesLavalley Þower 1ransmlsslon LlmlLed * 26° 26°
norLh LasL 1ransmlsslon Company LlmlLed* 26° 26°
nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed 20° 23°
Lnergy Lmclency Servlces LlmlLed 23° 23°
8lhar Crld Company LlmlLed 30° -
kallnga vldyuL Þrasaran nlgam ÞrlvaLe LlmlLed 30° -
Cross 8order Þower 1ransmlsslon Company LlmlLed 26° -
2.46 1he elemenLs consldered ln calculauon of Larnlng Þer Share (8aslc and ulluLed) are as under:
* 1he accounLs are unaudlLed.
2.47 lnLeresL ln !olnL venLures
!olnL venLure enuues
115
C1nLk NC1LS (contd...)
under Lhe 1ransmlsslon Servlce AgreemenL (1SA) wlLh Þowerllnks 1ransmlsslon LLd, Lhe company has an obllgauon Lo purchase Lhe !v
company (Þowerllnks 1ransmlsslon LLd) aL a buyouL prlce deLermlned ln accordance wlLh Lhe 1SA. Such an obllgauon may resulL ln case !v
company (Þowerllnks 1ransmlsslon LLd) serves a Lermlnauon nouce elLher on ºÞCWL8C8lu evenL of defaulL" or on ºforce ma[eure evenL"
prescrlbed under 1SA. no conungenL llablllLy on Lhls accounL has been consldered as Lhe same ls noL ascerLalnable.
1he above [olnL venLure companles are lncorporaLed ln lndla. 1he company's share ln asseLs, llablllues, conungenL llablllues and caplLal
commlLmenL as on 31sL March 2013 and lncome and expenses for Lhe year ln respecL of above [olnL venLure enuues based on Lhelr accounLs
are glven below:-
As at
31
st
March, 2013
As at
31
st
March, 2012
A. Assets
- non CurrenL AsseLs
- llxed AsseLs 1337.88 1413.76
- Long Lerm loans and advances 24.13 37.30
- CurrenL AsseLs 230.09 166.14
1ota| 1832.12 1619.40
8. L|ab|||nes
- non currenL llablllues 1040.73 942.76
- CurrenL Llablllues 196.73 132.30
1ota| 1237.46 109S.26
C. Connngent L|ab|||nes 23.36 9.38
D. Cap|ta| Comm|tments 138.23 231.23
Current ¥ear Þrev|ous year
L. Income 233.48 164.09
I. Lxpenses( Inc|ud|ng prov|s|on for taxes) 160.33 103.67
(` ln crore)
2.48 ln accordance wlLh Accounung SLandard (AS-28) ºlmpalrmenL of AsseLs", lmpalrmenL analysls of asseLs of Lransmlsslon acuvlLy
& Lelecom acuvlLy of Lhe company by evaluauon of lLs cash generaung unlLs, was carrled ouL by an ouLslde agency ln Lhe year
2004-03 & 2006-07 respecuvely and slnce recoverable amounL was more Lhan Lhe carrylng amounL Lhereof, no lmpalrmenL loss was
recognlsed. 1he company has assessed as on Lhe balance sheeL daLe wheLher Lhere are any lndlcauons wlLh regard Lo lmpalrmenL
of any of Lhe asseLs. 8ased on such assessmenL lL has been ascerLalned LhaL no poLenual loss ls presenL and Lherefore no formal
esumaLe of recoverable amounL has been made. Accordlngly, no lmpalrmenL loss has been provlded ln Lhe accounLs.
2.49 Cap|ta| and Cther Comm|tments
l) LsumaLed amounL of conLracLs remalnlng Lo be execuLed on caplLal accounL and noL provlded for ls ` 43190.76 crore (prevlous
year ` 41800.14 crore).
ll) As aL 31sL March,2013, Lhe company has commlLmenL of `1003.31 crore (prevlous year `149.36 crore) Lowards furLher lnvesLmenL
ln [olnL venLure enuues.
lll) As aL 31sL March,2013, Lhe company has commlLmenL of ` 183.33 crore Lowards furLher lnvesLmenL ln subsldlary companles.
2.30 ConungenL Llablllues
1. Clalms agalnsL Lhe Company noL acknowledged as debLs ln respecL of :
(l) CaplLal Works
Some of Lhe conLracLors for supply and lnsLallauon of equlpmenLs and execuuon of works aL our pro[ecLs have lodged clalms
on Lhe company for ` 172.60 crore (prevlous year ` 73.13 crore) seeklng enhancemenL of Lhe conLracL prlce, revlslon of work
schedule wlLh prlce escalauon, compensauon for Lhe exLended perlod of work, ldle charges eLc. 1hese clalms are belng conLesLed
by Lhe Company as belng noL admlsslble ln Lerms of Lhe provlslons of Lhe respecuve conLracLs.
1he company ls pursulng varlous opuons under Lhe dlspuLe resoluuon mechanlsm avallable ln Lhe conLracL for seulemenL of
Lhese clalms. lL ls noL pracucable Lo make a reallsuc esumaLe of Lhe ouulow of resources, lf any, for seulemenL of such clalms
pendlng resoluuon.
(ll) Land Compensauon cases
ln respecL of land acqulred for Lhe pro[ecLs, Lhe land losers have clalmed hlgher compensauon before varlous auLhorlues/courLs
whlch are yeL Lo be seuled. ln such cases, conungenL llablllLy of ` 2322.64 crore (prevlous year `1763.09 crore) has been esumaLed.
(lll) CLher clalms
ln respecL of clalms made by varlous SLaLe/CenLral CovernmenL ueparLmenLs/AuLhorlues Lowards bulldlng permlsslon fees,
penalLy on dlverslon of agrlculLure land Lo non-agrlculLure use, nala Lax, waLer royalLy eLc. and by oLhers, conungenL llablllLy of
` 2.73 crore (prevlous year `11.72 crore ) has been esumaLed.
11ë
C1nLk NC1LS (contd...)
2.S1 a) VALUL CI IMÞCk1S CALCULA1LD CN CII 8ASIS :
b) LkÞLNDI1UkL IN ICkLIGN CUkkLNC¥ (CN ACCkUAL 8ASIS)
Þarncu|ars Current ¥ear Þrev|ous ¥ear
l) CaplLal Coods 1343.34 2164.70
ll) Spare ÞarLs 3.63 26.49
Þarncu|ars Current ¥ear Þrev|ous ¥ear
l) Þrofesslonal and ConsulLancy fees 0.03 -
ll) lnLeresL 260.33 132.30
lll) CLhers 146.03 22.89
(` ln crore)
(` ln crore)
(lv) ulspuLed lncome 1ax/Sales 1ax/Lxclse/Munlclpal 1ax Mauers
ulspuLed lncome 1ax/Sales 1ax/Lxclse/Munlclpal 1ax Mauers amounung Lo ` 294.86 crore (prevlous year ` 237.86 crore) are
pendlng before varlous AppellaLe AuLhorlues and conLesLed before varlous AppellaLe AuLhorlues. Many of Lhese mauers are
dlsposed oñ ln favour of Lhe company buL are dlspuLed before hlgher auLhorlues by Lhe concerned deparLmenLs.
(v) CLhers
a) CLher conungenL llablllues amounLs Lo ` 89.78 crore (prevlous year ` 80.16 crore)
b) Some of Lhe beneñclarles have ñled appeals agalnsL Lhe Larlñ orders of Lhe CL8C. 1he amounL of conungenL llablllLy ln Lhls
regard ls noL ascerLalnable.
2. Speclal purpose vehlcle(SÞv) company namely Þowergrld nM 1ransmlsslon Company LLd. (wholly owned subsldlary) (ersLwhlle
nagapamnam Maduglrl 1ransmlsslon Company LLd.) and Þowergrld vemaglrl 1ransmlsslon Company LLd. (wholly owned subsldlary)
(ersLwhlle vemaglrl 1ransmlsslon SysLem LlmlLed) has been Laken over Lo carry over Lhe buslness awarded under 1arlñ based blddlng.
8ank guaranLee of ` 43.00 crore (prevlous year ` 43.00 crore) and ` 36.00 crore (prevlous year nll) respecuvely has been glven by
Lhe company on behalf of SÞv Lowards performance of Lhe work awarded.
c) VALUL CI CCMÞCNLN1S, S1CkLS AND SÞAkL ÞAk1S CCNSUMLD :
d) LAkNINGS IN ICkLIGN LkCnANGL
Þarncu|ars Current ¥ear Þrev|ous ¥ear
lnLeresL 0.01 -
ConsulLancy lee 7.40 9.63
LxporL of Coods 86.44 -
Þarncu|ars ¼ Current ¥ear ¼ Þrev|ous ¥ear
l) lmporLed 0.74° 0.62 2.33° 1.32
ll) lndlgenous (lncludlng fuel) 99.26° 82.84 97.43° 30.43
(` ln crore)
(` ln crore)
2.32 a) llgures have been rounded oñ Lo nearesL rupees ln crore up Lo Lwo declmal.
b) Þrevlous year ñgures have been regrouped / rearranged wherever consldered necessary.
(D|vya 1andon) (k.1. Agarwa|) ( k. N. Nayak)
Company secreLary ulrecLor (llnance) Chalrman & Managlng ulrecLor
As per our report of even date
Ior S.k. Mehta & Co. Ior Chauer[ee & Co. Ior Sagar & Assoc|ates
CharLered AccounLanLs CharLered AccounLanLs CharLered AccounLanLs
llrm 8egn no. 000478 n llrm 8egn no. 302114 L llrm 8egn no. 003310 S
(CA. Iyon 8agga) ( CA. k.N.8asu) (CA. 8.Sr|n|vasa kao)
ÞarLner ÞarLner ÞarLner
Membershlp no. 087002 Membershlp no. 030430 Membershlp no. 202332
Þlace: Curgaon
uaLe:28
Lh
May, 2013
Ior and on beha|f of the 8oard of D|rectors
11ì
Ior S.k.MLn1A & CC. Ior CnA11LkILL & CC. Ior SAGAk & ASSCCIA1LS
CharLered AccounLanLs CharLered AccounLanLs CharLered AccounLanLs
llrm 8eglsLrauon no.000478n llrm 8eglsLrauon no. 302114L llrm 8eglsLrauon no. 003310S
(CA Iyon 8agga) (CA k.N.8asu) (CA 8.Sr|n|vasa kao)
ÞarLner ÞarLner ÞarLner
Membershlp no.087002 Membershlp no.030430 Membershlp no.202332
Þlace of SlgnaLure: Curgaon
uaLe: 28
Lh
May, 2013
Independent Aud|tors' keport
1o the Members of Þower Gr|d Corporanon of Ind|a L|m|ted
keport on the I|nanc|a| Statements
We have audlLed Lhe accompanylng ñnanclal sLaLemenLs of Þower Crld Corporauon of lndla LlmlLed (ºLhe Company"), whlch comprlse
Lhe 8alance SheeL as aL March 31, 2013, and Lhe SLaLemenL of ÞroñL and Loss and Cash llow SLaLemenL for Lhe year Lhen ended, and a
summary of slgnlñcanL accounung pollcles and oLher explanaLory lnformauon.
Management's kespons|b|||ty for the I|nanc|a| Statements
ManagemenL ls responslble for Lhe preparauon of Lhese ñnanclal sLaLemenLs LhaL glve a Lrue and falr vlew of Lhe ñnanclal posluon,
ñnanclal performance and cash ßows of Lhe Company ln accordance wlLh Lhe Accounung SLandards referred Lo ln sub-secuon (3C) of
secuon 211 of Lhe Companles AcL, 1936 (ºLhe AcL"). 1hls responslblllLy lncludes Lhe deslgn, lmplemenLauon and malnLenance of lnLernal
conLrol relevanL Lo Lhe preparauon and presenLauon of Lhe ñnanclal sLaLemenLs LhaL glve a Lrue and falr vlew and are free from maLerlal
mlssLaLemenL, wheLher due Lo fraud or error.
Aud|tors' kespons|b|||ty
Cur responslblllLy ls Lo express an oplnlon on Lhese ñnanclal sLaLemenLs based on our audlL. We conducLed our audlL ln accordance
wlLh Lhe SLandards on Audlung lssued by Lhe lnsuLuLe of CharLered AccounLanLs of lndla. 1hose SLandards requlre LhaL we comply wlLh
eLhlcal requlremenLs and plan and perform Lhe audlL Lo obLaln reasonable assurance abouL wheLher Lhe ñnanclal sLaLemenLs are free
from maLerlal mlssLaLemenL.
An audlL lnvolves performlng procedures Lo obLaln audlL evldence abouL Lhe amounLs and dlsclosures ln Lhe ñnanclal sLaLemenLs. 1he
procedures selecLed depend on Lhe audlLor's [udgmenL, lncludlng Lhe assessmenL of Lhe rlsks of maLerlal mlssLaLemenL of Lhe ñnanclal
sLaLemenLs, wheLher due Lo fraud or error. ln maklng Lhose rlsk assessmenLs, Lhe audlLor conslders lnLernal conLrol relevanL Lo Lhe
Company's preparauon and falr presenLauon of Lhe ñnanclal sLaLemenLs ln order Lo deslgn audlL procedures LhaL are approprlaLe ln
Lhe clrcumsLances. An audlL also lncludes evaluaung Lhe approprlaLeness of accounung pollcles used and Lhe reasonableness of Lhe
accounung esumaLes made by managemenL, as well as evaluaung Lhe overall presenLauon of Lhe ñnanclal sLaLemenLs.
We belleve LhaL Lhe audlL evldence we have obLalned ls sumclenL and approprlaLe Lo provlde a basls for our audlL oplnlon.
Opinion
ln our oplnlon and Lo Lhe besL of our lnformauon and accordlng Lo Lhe explanauons glven Lo us, Lhe ñnanclal sLaLemenLs glve Lhe
lnformauon requlred by Lhe AcL ln Lhe manner so requlred and glve a Lrue and falr vlew ln conformlLy wlLh Lhe accounung prlnclples
generally accepLed ln lndla:
(a) ln Lhe case of Lhe 8alance SheeL, of Lhe sLaLe of añalrs of Lhe Company as aL March 31, 2013,
(b) ln Lhe case of Lhe SLaLemenL of ÞroñL and Loss, of Lhe proñL for Lhe year ended on LhaL daLe, and
(c) ln Lhe case of Lhe Cash llow SLaLemenL, of Lhe cash ßows for Lhe year ended on LhaL daLe.
Lmphas|s of Mauers
We draw auenuon Lo:
noLe 2.23(a) & 2.23(c) of Lhe ñnanclal sLaLemenLs, ln respecL of Lhe provlslonal recognluon of revenue from Lransmlsslon charges.
Cur oplnlon ls noL quallñed ln respecL of Lhese mauers.
keport on Cther Lega| and kegu|atory kequ|rements
1. As requlred under Lhe provlslons of Companles (AudlLor's 8eporL) Crder, 2003 (ºLhe Crder") lssued by Lhe CenLral CovernmenL of lndla
ln Lerms of sub-secuon (4A) of secuon 227 of Lhe Companles AcL, 1936, we glve ln Lhe Annexure a sLaLemenL on Lhe mauers speclñed ln
paragraphs 4 and 3 of Lhe Crder.
2. As requlred by secuon 227(3) of Lhe Companles AcL, 1936, we reporL LhaL:
a. we have obLalned all Lhe lnformauon and explanauons whlch Lo Lhe besL of our knowledge and bellef were necessary for Lhe purpose of our
audlL,
b. ln our oplnlon proper books of accounL as requlred by law have been kepL by Lhe Company so far as appears from our examlnauon of Lhose
books,
c. Lhe 8alance SheeL, SLaLemenL of ÞroñL and Loss, and Cash llow SLaLemenL dealL wlLh by Lhls 8eporL are ln agreemenL wlLh Lhe books of
accounL,
d. ln our oplnlon, Lhe 8alance SheeL, SLaLemenL of ÞroñL and Loss, and Cash llow SLaLemenL comply wlLh Lhe Accounung SLandards
referred Lo ln sub-secuon (3C) of secuon 211 of Lhe Companles AcL, 1936,
e. ln pursuance Lo Lhe nouñcauon no. CS8 829(L) daLed 21.10.2003, lssued by Lhe ueparLmenL of Company Añalrs, clause (g) of sub-
secuon (1) of secuon 274 of Lhe Companles AcL, 1936 perLalnlng Lo dlsquallñcauon of ulrecLors ls noL appllcable Lo a CovernmenL
Company.
11e
(l) a) 1he Company has generally malnLalned records of llxed AsseLs, showlng full paruculars lncludlng quanuLauve deLalls and slLuauon
of llxed AsseLs.
b) 1he ñxed asseLs have been physlcally verlñed by exLernal agencles durlng Lhe year and dlscrepancles, Lhough noL maLerlal,
nouced on such verlñcauon have been reconclled/ ad[usLed ln Lhe books of accounL. ln our oplnlon, frequency of verlñcauon ls
reasonable.
c) uurlng Lhe year Lhe company has noL dlsposed oñ subsLanual parL of lLs llxed AsseLs.
(ll) a) Þhyslcal verlñcauon of lnvenLorles lylng wlLh Lhe company has been conducLed durlng Lhe year by Lhe exLernal agencles. ln
respecL of maLerlal lylng wlLh conLracLors, company ls havlng sysLem of obLalnlng conñrmauon from conLracLors on perlodlc basls.
ln our oplnlon sysLem and frequency of verlñcauon ls reasonable.
b) 1he procedures of physlcal verlñcauon of lnvenLorles, followed by Lhe ManagemenL are reasonable and adequaLe ln relauon Lo Lhe
slze of Lhe Company and Lhe naLure of lLs buslness.
c) 1he Company has malnLalned proper records of lnvenLory. 1he dlscrepancles nouced on physlcal verlñcauon of Lhe lnvenLorles
have been properly dealL wlLh ln Lhe books of accounL.
(lll) Accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhe Company has nelLher granLed nor Laken any loans, secured or unsecured
Lo / from companles, ñrms or oLher parues covered ln Lhe reglsLer malnLalned under secuon 301 of Lhe Companles AcL, 1936.
ln vlew of above, oLher paragraphs of clause (lll) of paragraph 4 of Lhe Crder are noL appllcable.
(lv) ln our oplnlon and accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhere are adequaLe lnLernal conLrol sysLems,
commensuraLe wlLh Lhe slze of Lhe Company and Lhe naLure of lLs buslness, wlLh regard Lo purchase of lnvenLory and ñxed asseLs and
lncome from sales of servlces and goods. uurlng Lhe course of our audlL we have noL observed any conunulng fallure Lo correcL ma[or
weaknesses ln Lhe underlylng lnLernal conLrol sysLems. Powever process of conLracL closlng work needs Lo be expedlLed.
(v) Accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhere are no conLracLs or arrangemenLs durlng Lhe year referred Lo ln
secuon 301 of Lhe Companles AcL 1936, Lo be enLered ln Lhe reglsLer malnLalned under LhaL secuon. ln vlew of above, oLher paragraphs
of clause (v) of paragraph 4 of Lhe Crder are noL appllcable.
(vl) Slnce Lhe Company has noL accepLed any deposlL from Lhe publlc, Lhe quesuon of compllance wlLh Lhe dlrecuves lssued by Lhe 8eserve
8ank of lndla and Lhe provlslons of secuon 38A, 38AA and oLher relevanL provlslons of Lhe Companles AcL, 1936, and rules framed
Lhere under, does noL arlse.
(vll) ln our oplnlon, Lhe Company has an lnLernal audlL sysLem commensuraLe wlLh lLs slze and naLure of buslness.
(vlll) We have broadly revlewed Lhe cosL records malnLalned by Lhe company pursuanL Lo Lhe Companles (CosL Accounung 8ecords) 8ules,
2011 prescrlbed by Lhe CenLral CovernmenL under Secuon 209 (1) (d) of Lhe Companles AcL, 1936, ln respecL of 1ransmlsslon & 1elecom
Cperauons of Lhe Company and we are of Lhe oplnlon LhaL prlma facle Lhe prescrlbed records have been made and malnLalned. We
have, however, noL made deLalled examlnauon of Lhe cosL records wlLh a vlew Lo deLermlne wheLher Lhey are accuraLe or compleLe.
(lx) a) Accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhe Company ls regular ln deposlung undlspuLed sLaLuLory dues wlLh
approprlaLe auLhorlues lncludlng ÞrovldenL lund, lnvesLor Lducauon and ÞroLecuon lund, lncome 1ax, Sales 1ax, WealLh 1ax,
Servlce 1ax, CusLom uuLy, Lxclse uuLy, Cess and oLher sLaLuLory dues appllcable Lo Lhe Company and LhaL Lhere are no undlspuLed
sLaLuLory dues ouLsLandlng as on 31sL March, 2013 for a perlod of more Lhan slx monLhs from Lhe daLe Lhey became payable. As
lnformed, provlslons of Lhe Lmployees SLaLe lnsurance AcL are noL appllcable Lo Lhe Company.
b) Accordlng Lo lnformauon and explanauons glven Lo us, followlng dlspuLed demands of lncome 1ax / Sales 1ax / CusLoms uuLy /
WealLh 1ax / Servlce 1ax / Lxclse uuLy / Cess dues have noL been deposlLed:
Annexure to the Independent Aud|tors' keport
ke: Þower Gr|d Corporanon of Ind|a L|m|ted
Annexure referred to |n our report of even date for the year ended 31
st
March, 2013
Name of the Statute Nature of dues
Amount
(` |n crore)
Þer|od to wh|ch the
amount re|ates
Iorum where the d|spute |s pend|ng
Þun[ab vA1 AcL, 2003 (LnLry 1ax) LnLry 1ax 8.78 2011-12 Lo 2012-13 Ponbl. Plgh CourL, Þun[ab & Paryana
!&k CS1 AcL 1962 Sales 1ax 33.98 1992-93 Lo 2001-02 !&k SLaLe, Sales 1ax AppellaLe 1rlbunal
!&k CS1 AcL 1962 Sales 1ax 18.31 2002-03 Lo 2007-08
uy. Commlssloner of Sales 1ax (Appeals),
!ammu, !&k SLaLe
!&k vA1 AcL 2003 Sales 1ax 0.13 2008-09
uy. Commlssloner of Sales 1ax (Appeals),
!ammu, !&k SLaLe
llnance AcL 1994 Servlce 1ax 1.37 2004-03 CLS1A1, kolkaLa
llnance AcL 1994 Servlce 1ax 1.89 2007-08 & 2008-09
Commlssloner of CenLral Lxclse, CusLoms &
Servlce 1ax, 8hubaneswar.
lncome 1ax AcL 1961 lncome 1ax 3.04 2008-09 & 2009-10
Commlssloner of lncome 1ax (Appeals),
uelhl.
lncome 1ax AcL 1961 lncome 1ax 137.43 2004-03 Lo 2007-08 lncome 1ax AppellaLe 1rlbunal, uelhl.
1ota| 227.3S
11J
(x) 1he Company does noL have accumulaLed losses aL Lhe end of ñnanclal year and has noL lncurred any cash loss ln Lhe ñnanclal year
under audlL, and also ln Lhe lmmedlaLely precedlng ñnanclal year.
(xl) Cn Lhe basls of audlL procedures adopLed by us and accordlng Lo Lhe records, Lhe Company has noL defaulLed ln repaymenL of dues Lo
any ñnanclal lnsuLuuon or bank or bondholders.
(xll) 1he company has noL granLed any loans and advances on Lhe basls of securlLy by way of pledge of shares, debenLures and oLher
securlues.
(xlll) 1he company ls noL a chlL fund or nldhl/ muLual beneñL fund/socleLy. Accordlngly, Clause (xlll) of paragraph 4 of Lhe Crder ls noL
appllcable.
(xlv) ln our oplnlon, Lhe Company ls noL deallng ln or Lradlng ln shares, debenLures, and oLher lnvesLmenLs. Accordlngly, Clause (xlv) of
paragraph 4 of Lhe Crder ls noL appllcable.
(xv) ln Lhe case of Þower Llnk 1ransmlsslon LlmlLed, whereln Lhe Company has pledged lLs shares ln favour of ñnanclal lnsuLuuons for
ñnanclal asslsLance obLalned by Lhe sald company, as per Lhe Lerms and condluons of !olnL venLure agreemenL. Accordlng Lo Lhe
lnformauon and explanauons glven Lo us, excepL Lhe above, Lhe Company has noL glven any guaranLee for loans Laken by oLhers from
banks or ñnanclal lnsuLuuons. ln our oplnlon and Lo Lhe besL of our lnformauon and accordlng Lo explanauons glven Lo us, Lhe Lerms
and condluons of Lhe above share pledge agreemenL are noL, prlme facle, pre[udlclal Lo Lhe lnLeresL of Lhe company.
(xvl) ln our oplnlon on an overall basls and accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhe company has applled Lhe Lerm
loans for Lhe purpose Lhey were obLalned.
(xvll) ln our oplnlon, on an overall basls, and accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhe company has noL used Lhe funds
ralsed on shorL Lerm basls for long Lerm lnvesLmenL.
(xvlll) 1he Company has noL made any preferenual alloLmenL of shares Lo parues and Companles covered ln Lhe reglsLer malnLalned under
secuon 301 of Lhe Companles AcL, 1936.
(xlx) 1he Company has noL lssued any debenLures. Powever, ln respecL of cerLaln bonds ralsed durlng Lhe year amounung Lo `1990 crore,
securlLy/ charge ls yeL Lo be creaLed.
(xx) 1he end use of money ralsed by lollow-on Þubllc Cñer (lÞC) durlng Lhe year 2010-11 as sLaLed ln Lhe draû prospecLus ñled wlLh SL8l
and oñer documenL are dlsclosed ln Lhe noLe 2.34 Lo Lhe ñnanclal sLaLemenLs. lor Lhe lnLerlm perlod Lhe lÞC proceeds were kepL wlLh
8anks as 1erm ueposlLs and ulumaLely uullzed for Lhe sLaLed end use and Lhe same has been duly verlñed by Lhe monlLorlng agency
llCl LLd.
(xxl) Accordlng Lo Lhe lnformauon and explanauons glven Lo us, no fraud on or by Lhe Company has been nouced or reporLed durlng Lhe
course of our audlL.
Annexure to the Independent Aud|tors' keport (contd...)
Ior S.k.MLn1A & CC. Ior CnA11LkILL & CC. Ior SAGAk & ASSCCIA1LS
CharLered AccounLanLs CharLered AccounLanLs CharLered AccounLanLs
llrm 8eglsLrauon no.000478n llrm 8eglsLrauon no. 302114L llrm 8eglsLrauon no. 003310S
(CA Iyon 8agga) (CA k.N.8asu) (CA 8.Sr|n|vasa kao)
ÞarLner ÞarLner ÞarLner
Membershlp no.087002 Membershlp no.030430 Membershlp no.202332
Þlace of SlgnaLure: Curgaon
uaLe: 28
Lh
May, 2013
1ZJ
1Z1
Þower System Cperanon
Corporanon L|m|ted -
Subs|d|ary Company
1ZZ
D|rectors' keport
1o,
1he Members,
l, on behalf of Lhe 8oard of ulrecLors' presenL Lhe fourLh 8eporL of Þower SysLem Cperauon Corporauon LlmlLed (ÞCSCCC) LogeLher wlLh
Lhe audlLed SLaLemenL of AccounLs, AudlLors' 8eporL and 8evlew of Lhe AccounLs by Lhe CompLroller and AudlLor Ceneral of lndla for Lhe
llnanclal ?ear 2012-13.
ln llne wlLh lLs mlsslon Lo have rellable and secure operauon of reglonal and nauonal power sysLems whlle ensurlng economy & emclency
ln operauon, Lhe 8eglonal Load uespaLch CenLres (8LuCs) and nauonal Load uespaLch CenLre (nLuC) under ÞCSCCC are operaung wlLh Lhe
sLaLe-of-Lhe-arL Lechnology lmplemenLed by Lhe Company and are greaLly conLrlbuung Lo brlnglng economy and emclency ln operauon of
power sysLem, besldes lmprovlng vlslblllLy and Lransparency. SCAuA and oLher sLaLe of Lhe arL faclllues are belng upgraded conunuously
aL all 8LuCs and nLuC conslderlng Lhe fasL expanslon and lncreased complexlLy of Lhe power sysLem operauon of Lhe counLry. Synchro-
phasor Lechnology ls belng lmplemenLed as plloL scheme ln all Lhe 8LuCs for lmprovlng vlsuallzauon of Lhe power sysLem of Lhe counLry.
1oLal 42 nos. of ÞMus are ln operauon across lndla. ÞMus are helplng ln grld evenL analysls and undersLandlng Lhe power sysLem LranslenLs
aL nauonal level.
1he Mou for Lhe l? 2012-13 was slgned on 26Lh March, 2012. 1he Mou lncludes varlous LargeLs Lo be achleved by ÞCSCCC durlng
Lhe l? 2012-13 lncludlng ñnanclal parameLers, dynamlc parameLers and enLerprlse speclñc & emclency parameLers appllcable Lo ÞCSCCC.
ln compllance wlLh Lhe uÞL Culdellnes, Lhe mandaLory non-ñnanclal parameLers l.e. CS8, 8&u and SusLalnable uevelopmenL have also
been lncluded ln Lhe Mou. l am happy Lo share LhaL based on overall LargeLs, your Company ls polsed Lo geL ºLxcellenL Mou raung" for l?
2012-13.
kevenue stream of ÞCSCCC
CL8C has nouñed Lhe CenLral LlecLrlclLy 8egulaLory Commlsslon (lees and Charges of 8eglonal Load uespaLch CenLres and oLher 8elaLed
Mauers) 8egulauons, 2009. 1hese 8egulauons have ensured an lndependenL revenue sLream and ñnanclal auLonomy for Lhe Company. 1he
revenue ls belng reallsed by levylng Lhe lees and Charges on Lhe users llke Ceneraung sLauons/Sellers, ulsLrlbuuon Llcensees/ 8uyers and
Lhe 1ransmlsslon Llcensees Lowards Lhe servlces provlded Lo Lhem. 8eallsauon of more Lhan 93° was achleved agalnsL bllllng of ` 191.19
Crore durlng Lhe year.
I|nanc|a| n|gh||ghts
D|v|dend Þayout
?our 8oard of ulrecLors have recommended a ñnal dlvldend of `2.0 per share for Lhe year 2012-13 ln addluon Lo an lnLerlm dlvldend of `2.0
per share pald ln lebruary, 2013. 1he ñnal dlvldend shall be pald aûer your approval aL Lhe Annual Ceneral Meeung. 1he LoLal dlvldend pay-
ouL for Lhe year amounLs Lo `12.26 Crore.
Cperanona| n|gh||ghts
uurlng Lhe year 2012-13, Lhere was generauon capaclLy addluon of 23467 MW wlLh LoLal all lndla lnsLalled capaclLy of 223344 MW.
- 1ota| A|| Ind|a Lnergy Met ln 2012-13 was 918 8us, represenung a 3° lncrease over l? 2011-12 whlch was 874 8us.
- A|| Ind|a Þeak Demand Met ln 2012-13 was 119 CW, as agalnsL 113 CW durlng 2011-12, represenung a 2.96° lncrease.
- 1ota| A|| Ind|a nydro Generanon was 121 8us, as agalnsL 133 8us durlng 2011-12. lL decreased by 10.6° over lasL year.
2012-13 2011-12
1urnover 266.37 214.34
Cross Margln 134.79 99.98
uepreclauon 12.27 20.11
Þrlor perlod lncome (2.79) (3.76)
ÞroñL before lnLeresL and 1axes(Þ8l1) 123.31 83.63
llnance cosL (3.04) 3.74
ÞroñL 8efore 1ax(Þ81) 130.33 79.89
ÞroñL Aûer 1ax(ÞA1) 83.63 30.32
Cross llxed AsseLs (before uepreclauon and WlÞ) 291.10 281.49
uebL* 0 -
neL WorLh 81.21 46.32
` crore
* There is no loan outstanding during the year.
1ZJ
- Inter keg|ona| Lxchange was 66 8us as agalnsL 39 8us durlng 2011-12, Lhereby represenung an 11.86° lncrease.
- UI b|||ed was ` 8732 Cr ln l? 2012-13. 1here ls 11.64° decrease as compared Lo l.? 2011-12 whlch was `9883 Cr.
lrequency remalned wlLhln Lhe prescrlbed lLCC 8and of 49.7 Pz - 30.2 Pz for mosL of Lhe perlod. lor nLW Crld lL was 77° of Lhe ume
wlLhln Lhe band and for S8 Crld lL was 69° of ume wlLhln Lhe band. 1hls could be achleved due Lo lmproved grld dlsclpllne, beuer generauon
avallablllLy, round Lhe clock monlLorlng and close vlgll by sysLem operaLor and shlû from unscheduled Lransacuons Lo scheduled conLracLs.
GkID MANAGLMLN1
?our Company has been lnsLrumenLal ln provldlng an emclenL, rellable, smooLh and LransparenL grld operauon and managemenL ln Lhe
counLry wlLh lLs sLaLe-of-Lhe-arL unlñed Load uespaLch & Communlcauon faclllues. 1hese faclllues are belng upgraded conunuously Lo
furLher lmprove quallLy and economy ln operauon of power sysLems besldes lmprovlng daLa avallablllLy, vlslblllLy and Lransparency.
1here were Lwo ma[or grld dlsLurbances on 30Lh and 31sL !uly, 2012, ln norLhern 8eglonal Crld on ñrsL day and LhaL of norLhern, LasLern
and norLh-LasLern reglonal grlds on Lhe followlng day. 8esLorauon of Lhe añecLed areas was Laken up lmmedlaLely on boLh Lhe days and
ma[orlLy sysLem was normallzed ln abouL slx Lo elghL hours on boLh Lhe days.
An Lnqulry Commluee headed by Chalrperson, CLA was consuLuLed by Col for lnvesugauon of causes for Lhese Lwo grld dlsLurbances ln !uly,
2012. CovernmenL of lndla ls monlLorlng Lhe lmplemenLauon of Lhe Lnqulry Commluee's recommendauons.
varlous measures are belng Laken by ÞCWL8C8lu, ÞCSCCC and CovernmenL of lndla for secure grld operauon such as Lhlrd parLy proLecuon
audlL, advlslng SLaLe uullues Lo malnLaln grld dlsclpllne & draw power from grld wlLhln Lhe schedule, formulauon of lslandlng schemes ln
dlñerenL SLaLes, revlew of unscheduled lnLerchange (ul) mechanlsm, preparauon of comprehenslve defence plan coverlng under-frequency,
raLe of change of frequency under volLage, sysLem proLecuon schemes Lo cover large generauon and Lransmlsslon llne ouLages, advlse Lo
uullues Lo prepare ouLage plans for generaung unlLs and Lransmlsslon llnes ln consulLauon wlLh 8eglonal Þower Commluees and revlew of
Lransmlsslon plannlng crlLerla, eLc.
Þower Market Cperanon
1he sLrong Lransmlsslon neLwork of Lhe counLry and modernlsed 8LuCs have faclllLaLed abouL 66 8llllon unlLs (8us) of lnLer-reglonal energy
Lransfer across Lhe counLry durlng l? 2012-13, as compared Lo prevlous year's energy Lransfer of abouL 39 8us, Lhereby, meeung more
demand ln energy deñclL reglons and faclllLaung energy Lransfer from surplus reglons Lo deñclL reglons across lndla.
uurlng l? 2012-13, 32,139 Lransacuons of quanLum abouL 73 8us of energy were approved under ShorL 1erm Cpen Access (S1CA) as
compared Lo 24,111 Lransacuons of quanLum abouL 67 8us of energy durlng l? 2011-12.
Cperanona| feedback
nauonal Load uespaLch 8ules, 2003 speclñes provldlng Cperauonal leedback for nauonal Crld Þlannlng Lo CenLral LlecLrlclLy AuLhorlLy
and CenLral 1ransmlsslon uullLy as one of Lhe funcuons of nLuC. CuarLerly leedback on 1ransmlsslon ConsLralnLs ls belng submlued Lo
CLA & C1u. nLuC has submlued Cperauonal leedbacks on varlous lssues, llke 1ransmlsslon ConsLralnLs, requlremenL of Speclal ÞroLecuon
Schemes, MarkeL and Cperauonal lssues, uedlcaLed llnes for 1ransmlsslon sysLems and need for a generlc 1reaLmenL of such llnes ln case
Lhe same ls shared by Lwo or more users or operaLes ln parallel Lo Lhe lS1S Llnes and Synchro-phasor- lnluauves ln lndla.
lL has been observed LhaL congesuon ls belng faced ln some of Lhe corrldors. WlLh a large quanLum of capaclLy belng added ln cerLaln
pockeLs, lL ls anuclpaLed LhaL ln case Lhere ls a mlsmaLch ln Lhe commlsslonlng of Lhe correspondlng Lransmlsslon sysLem for evacuauon,
congesuon may be faced ln cerLaln lnLer-reglonal and/or lnLra-reglonal Lransmlsslon corrldors. ln order Lo address Lhe lssue, nLuC has
prepared and submlued a separaLe feedback on ÞrlorlLy of 1ransmlsslon SysLems under lmplemenLauon Lo relleve congesuon Lo Member
(Þower SysLem), CenLral LlecLrlclLy AuLhorlLy.
Irequency kesponse Character|snc (IkC)
lrequency 8esponse CharacLerlsuc (l8C) ls a measure of Lhe change ln frequency Lo a glven mlsmaLch ln load and generauon. lrequency
response ln an elecLrlc power sysLem ls essenually provlded by naLural damplng of loads wlLh frequency and prlmary response of generaLors.
1he lmporLance of prlmary response has been broughL ouL ln Lhe CL8C (lndlan LlecLrlclLy Crld Code) 8egulauons, 2010.
A draû procedure developed by Lhe 8LuCs ln accordance wlLh Lhe dlrecuons of CL8C for monlLorlng of conLrol area wlse l8C aûer dlscusslons
ln Lhe meeung of lorum of Load uespaLchers (lCLu) held ln !une' 12 had been clrculaLed among all Lhe sLakeholders for Lhelr commenLs/
lnpuLs and Lhe same has been submlued Lo CL8C.
1he Ponorable Commlsslon has approved Lhe ºÞrocedure for AssessmenL of lrequency 8esponse CharacLerlsuc (l8C) of conLrol Areas
ln Þower SysLem" ln May'13 and dlrecLed ÞCSCCC Lo glve wlde publlclLy Lo Lhe procedure for Lhe lnformauon of and compllance by all
concerned.
Imp|emennng Agency for Shar|ng of Inter state 1ransm|ss|on Charges & Losses -ÞCC Mechan|sm
nLuC as lmplemenung Agency for lmplemenung Sharlng of lnLer SLaLe 1ransmlsslon Charges and Losses submlued Lhe compuLauons of
ÞolnL of Connecuon (ÞoC) Charges and Losses Lo CL8C on half yearly basls and Lhe approved raLes were puL lnLo eñecL from Aprll'12 and
CcL'12 respecuvely. 1he new ÞoC raLes and ÞoC losses are belng lmplemenLed ln accordance wlLh orders of CL8C.
Þarnc|panon |n kegu|atory keforms Þrocess
1he 8LuCs and nLuC have been glvlng feedback and lnpuLs aL varlous sLages of formulauon of Lhe regulauons perLalnlng Lo Lhe deslgn and
operauonal aspecLs. 1he 8LuCs and nLuC make besL eñorLs Lowards lmplemenung Lhese 8egulauons ln leuer and splrlL Lhrough feedback
and paruclpauon ln Lhe 8egulaLory process.
1Z+
lollowlng Lhe grld dlsLurbances ln !uly 2012, ÞCSCCC had Laken up wlLh Lhe CL8C Lhe need for cerLaln baslc changes ln Lhe lndlan LlecLrlclLy
Crld Code (lLCC) and Lhe unscheduled lnLerchange (ul) 8egulauons. 1he emphasls was on Lhe need Lo qulckly move Lo ughLen conLrol on
drawals vls-a-vls schedules and Lhe need Lo malnLaln Lhe sysLem frequency wlLhln a very narrow band. 1he CL8C has already come ouL wlLh
a draû regulauon on prlclng of devlauon from schedule.
AnoLher baslc lssue Laken up wlLh CL8C was LhaL of provldlng connecuvlLy Lo Lhe lnLer SLaLe 1ransmlsslon SysLem (lS1S) Lo dlñerenL enuues
ln Lhe grld. lncreaslng number of enuues gemng connecLed Lo Lhe lS1S wlLhouL long Lerm access was leadlng Lo a slLuauon where adequaLe
Lransmlsslon was noL belng planned/bullL leadlng Lo congesuon ln Lhe operauonal phase. 1he mauer was dlscussed ln Lhe CenLral Advlsory
Commluee (CAC) consuLuLed by CL8C.
ÞCSCCC also provlded lLs commenLs Lo Lhe CenLral LlecLrlclLy AuLhorlLy (CLA) on Lhe followlng lssues :
l. uraû nauonal LlecLrlclLy Þlan - Cenerauon and 1ransmlsslon.
ll. uraû amendmenLs Lo CLA (1echnlcal SLandards for connecuvlLy Lo Lhe grld) , 8egulauons.
lll. uraû CLA (1echnlcal SLandards for connecuvlLy of Lhe ulsLrlbuLed Cenerauon 8esource) 8egulauons, 2010.
lv. Manual on 1ransmlsslon Þlan CrlLerla.
kenewab|e Lnergy Cernhcate (kLC) Mechan|sm
nLuC, as CenLral Agency ls Lhe admlnlsLraLor of Lhe 8LC mechanlsm and ls responslble for reglsLrauon of ellglble enuues, lssuance of
ceruñcaLes and malnLalnlng and seullng accounLs ln respecL of ceruñcaLes. 1he Lradlng of 8LCs Lhrough Þower Lxchanges ls faclllLaLed by
nLuC.
key sLausucs ln Lhls regard are as under:
13° of lndla's LoLal grld lnLeracuve renewable capaclLy (MW) ls reglsLered ln Lhe 8LC Mechanlsm
680 number of pro[ecLs of aggregaLe capaclLy of 3,420 MW reglsLered by 31sL March 2013.
326 nos. of pro[ecLs reglsLered wlLh a cumulauve capaclLy of 1,273 MW ln l? 2012-13.
8L CeneraLors from 18 SLaLes have been reglsLered ull 31sL March, 2013.
20 nos. of pro[ecLs reglsLered wlLh Solar 8enewable Lnergy CeneraLors wlLh a LoLal capaclLy of 62 MW ull 31sL March, 2013.
8LC lssuance crossed Lhe 3 mllllonLh mark ln Lhe ñscal year 2012-13 wlLh LoLal 3,382,441 8LCs lssued ull 31sL March, 2013.
lssuance of Solar 8LCs commenced ln l? 2012-13 wlLh a LoLal lssuance of 14,646 8LCs.
Slnce lLs lncepuon ln March'11, 1wenLy ñve Lradlng sesslons have Laken place ull 31sL March, 2013 wlLh over 3.17 mllllon 8LCs
redeemed.
ºPands on Lralnlng on 8LC Web Appllcauon" and ºWorkshop on 8LC lramework & Web Appllcauon" were held for Lhe sLakeholders aL nLuC,
new uelhl. A Lechnlcal paper on ºAnalysls of 8LC Mechanlsm ln lndla" was publlshed ln nÞSC-2013 held aL ll1-8Pu.
WlLh a vlew Lo encourage 8enewable Lnergy (8L) sources, CL8C has come ouL wlLh provlslon of 8enewable 8egulaLory lund (88l). 1hls
mechanlsm ls eñecuve from 13Lh !uly, 2013.
Integrated Management System
ln our conunued endeavour Lo provlde quallLy servlces Lo our valued sLakeholders, lnLegraLed ManagemenL SysLem aL ÞCSCCC for ÞAS:99
receruñcauon was achleved ln l? 2012-13 for a perlod of Lhree years for Lhe followlng sLandards:
lSC 9001 : 2008 - CuallLy ManagemenL SysLem
lSC 14001 : 2004 - LnvlronmenL ManagemenL SysLem
lSC 18001 : 2007 - Cccupauonal PealLh & SafeLy ManagemenL SysLem
lSC 27001 : 2003 - lnformauon SecurlLy ManagemenL SysLem
Þarnc|panon at Internanona| Iorums
?our Company paruclpaLed ln varlous lnLernauonal forums, llke 1SC Comparlson Croup for benchmarklng performance and exchange besL
pracuces on sysLem operauon. ÞCSCCC paruclpaLed ln Lhe lnLerlm workshop held aL Cologne, Cermany ln Aprll'12. ÞCWL8C8lu/ÞCSCCC
as one of Lhe founder members of Lhe group of CC 13 [ersLwhlle very Large Þower Crld CperaLors (vLÞCC)] represenung more Lhan 70
percenL of Lhe world's energy demand, also paruclpaLed ln Lhe meeungs of vLÞCC held ln Þarls and Shanghal .ÞCSCCC also parupaLed ln
Lhe ClC8L (lnLernauonal Councll on Large LlecLrlc SysLems) Annual Conference aL Þarls ln AugusL, 2012.
A Memorandum of undersLandlng was slgned wlLh Lawrence 8erkeley nauonal LaboraLory (L8nL) ln uecember, 2012 for collaborauon
on Þower SysLem Cperauon, LlecLrlclLy MarkeLs and lnLegrauon of 8enewable Lnergy 8esources. ÞCSCCC has been acuvely assoclaLed
wlLh Lhe acuvlues perLalnlng Lo energy cooperauon ln Lhe SAA8C reglon and Lhe developmenL of a SAA8C LlecLrlclLy MarkeL. ÞCSCCC
paruclpaLed ln Lhe Lwo day workshop sponsored by AusLralla-lndla SLraLeglc 8esearch lund aL 8rlsbane, AusLralla ln CcLober, 2012. ÞCSCCC
also paruclpaLed ln Lhe 3rd lnLernauonal Conference on Anclllary Servlces aL 8erlln, Cermany ln SepLember, 2012.
A number of meeungs were organlsed for dlsungulshed forelgn delegaLes from organlsauons llke lCÞL( Slovenla), 1he World 8ank, vLÞCC.
lnLernauonal Lralnlng programmes were also organlsed for delegaLes from 8angladesh, Malawl, Maurluus and nlgerla Lhrough CenLral
lnsuLuLe of 8ural LlecLrlñcauon (Cl8L), Pyderabad.
Iorum of Load Despatchers (ICLD)
1Z5
lCLu has been consuLuLed by lorum of 8egulaLors (lC8). nLuC has been deslgnaLed as secreLarlaL of lCLu. 1hree meeungs of lorum of
Load uespaLchers have been organlsed ln l? 2012-2013. A workshop on ºAnclllary Servlces ln lndlan ConLexL" was organlzed under Lhe
umbrella of lCLu. 1he workshop almed Lo dlscuss varlous opuons of Anclllary Servlces whlch could be lmplemenLed ln lndla. lCLu has also
Laken up Lhe Lask of benchmarklng load despaLchers and load despaLch cenLres and assessmenL of manpower ln all load despaLch cenLres
ln real ume operauon. uraû procedure of assessmenL of frequency response characLerlsucs and power maps whlch are belng prepared by
C8lÞ have also been dlscussed ln Lhe forum. varlous lssues relaLed Lo rellablllLy and securlLy of power sysLem have also been Laken up durlng
Lhe meeungs held ln l? 2012-2013.
Leverag|ng 1echno|ogy: System Log|sncs
1he challenges ln power sysLem operauon ln lndla are lncreaslng manlfold day by day as a resulL of enlarged sysLem slze, brlsk pace of
capaclLy addluon, long dlsLance power ßows, muluple players, lncreaslng compeuuon ln Lhe elecLrlclLy markeL, emphasls on pan lndla
opumlzauon, cllmaLe change, large scale lnLegrauon of renewable energy sources ln cerLaln pockeLs, and lncreaslng cusLomer expecLauons.
1he ablllLy of Lhe sysLem operaLors Lo Lake declslons ln real-ume ls dependenL on Lhelr 'slLuauonal awareness' derlved from Lhe daLa/
lnformauon avallable wlLh Lhem ln real-ume.
1he neLwork of phasor measuremenL unlLs ls called wlde area measuremenL sysLem (WAMS). WAMS allows Lhe acqulsluon of hlgh-speed
real-ume and ume-synchronlzed grld parameLers across an enure sysLem or lnLerconnecuon. 1hls daLa provldes wlde-area vlslblllLy across
Lhe bulk power sysLem ln ways LhaL leL grld operaLors undersLand real-ume condluons, see early evldence of emerglng grld problems, and
beuer dlagnose, lmplemenL and evaluaLe remedlal acuons Lo proLecL sysLem rellablllLy.
Þhasor uaLa ConcenLraLor (ÞuC) aL nauonal Load uespaLch CenLre has been lnsLalled and all reglonal plloL pro[ecL's have been lnLegraLed
aL nauonal level. As on 31 !uly, daLa from abouL 42 ÞMus locaLed all over lndla ls avallable aL nauonal ÞuC and ls expecLed Lo scale up Lo 39
nos (36 ÞMus under plloL pro[ecLs plus 3 ÞMus lnsLalled by lÞÞ's) by Lhe end of 2013.
lnLegrauon of Lhe ÞMus has broughL Lhe unlñed vlslblllLy of sysLem wlLh lncreased observablllLy of lndlan power sysLem aL nauonal level.
1hls has helped Lhe grld operaLors ln many ways ln day Lo day operauon. Aûer Lhe avallablllLy of all reglonal ÞMus daLa aL nauonal ConLrol
CenLre, lL became posslble Lo vlsuallse Lhe grld wlde lmpacL of any grld evenL. Cccurrence of an evenL ln Lhe sysLem geLs capLured wlLh lLs
slgnaLure ln Lhe real ume deplcung Lhe Lrend of volLage, frequency and angle measuremenL.
8eplacemenL and up-gradauon of exlsung SCAuA/LMS sysLem ln Lhe 8LuCs ls under progress. LCA's for Lhe same have already been placed
for all 8LuCs excepL nL8LuC.
ÞCSCCC has appolnLed a Þanel of LxperLs for Crld SecurlLy assessmenL and plannlng as well as use of new Lechnologles for modernlzauon of
conLrol cenLres. 1he Þanel conslsL of Lhree dlsungulshed professors from academla headed by ur. An[an 8ose, 8egenLs Þrofessor, WashlngLon
SLaLe unlverslLy, Þrof. S.A. khaparde, ll1 Mumbal and Þrof A.k.Slnha, ll1 kharagpur.
Lmp|oyees - our Assets
Mentor|ng In|nanve at ÞCSCCC
ÞCSCCC lnLroduced Anubandh -lLs ñrsL menLorlng lnluauve ln AugusL 2012. 1he unlque feaLure of Lhe programme ls LhaL lL ls bl-dlrecuonal.
whereln boLh Lhe senlor and Lhe [unlor employee have learnlng goals. AL presenL Lhere are abouL 80 menLees and 30 menLors across all
Lhe 8LuCs and nLuC. 1he lnluauve alms Lo creaLe sLrong bond amongsL employees and leverage Lhe LaclL knowledge of mulu -generauonal
workforce.
Þower System 1ra|n|ng and Cernhcanon
ln accordance wlLh Lhe recommendauons of Lhe Commluee headed by Member (CC&u), CLA for Lralnlng and ceruñcauon, vlde lLs 8eporL
publlshed ln 2009, sysLem operaLor ceruñcauon has been lnLroduced for Lhe sysLem operaLors of Lhe nLuC, 8LuCs and SLuCs. ?our company
has Laken a lead for lmplemenLauon of Lhls mechanlsm ln assoclauon wlLh nÞ1l. ln Lhls dlrecuon, ñrsL 8aslc Level Ceruñcauon exam was
conducLed ln november, 2011 and Lhe second exam was organlzed ln uecember, 2012. As on daLe, Lhere are LoLal 306 ceruñed sysLem
operaLors ln lndla, ouL of whlch 200 sysLem operaLors of ÞCSCCC have been ceruñed. A scheme of provldlng one ume award of `20,000/-
as per Lhe dlrecuves of MlnlsLry of Þower Lo Lhe sysLem operaLors who quallfy Lhe baslc level ceruñcauon has been lnLroduced.
1he mechanlsm provldes for SpeclallsL Level 1ralnlng and Ceruñcauon also. ln Lhls dlrecuon speclallsL level ceruñcauon on '8egulaLory
framework ln Þower SecLor' was lnLroduced and an onllne exam was organlzed on 17Lh March 2013. SysLem CperaLors from 19 LuCs
paruclpaLed and 181 CandldaLes appeared for Lhe exam ouL of whlch 93 candldaLes were declared successful. As on daLe, Lhere are a LoLal
of 43 SpeclallsLs sysLem operaLors ln ÞCSCCC. A speclallsL level ceruñcauon on º8ellablllLy" would be lnLroduced ln Lhe year 2013-14.
We|fare acnv|nes
Several welfare lnluauves were organlzed by ÞCSCCC LhroughouL Lhe year, Lhese lncluded PealLh Check-up Camps and ?oga Classes for
employees. Cyms and wellness cenLres were esLabllshed aL 8LuCs. 1he Mahlla Samlu of ÞCSCCC organlzed varlous evenLs, llke workshop
on 'ArL of Llvlng', lecLure on women's healLh and ÞhysloLherapy. ln an endeavour Lo promoLe planLauon of Lree for fuLure susLalnablllLy and
conservauon of envlronmenL, sapllngs were dlsLrlbuLed amongsL Lhe employees for adopuon by an nCC ºnanhl Chhaan".
GkID1LCn, 2013
ÞCSCCC paruclpaLed ln C8lu1LCP, 2013 and puL up lLs pavlllon where Lhe focus was on 8enewable Lnergy CeruñcaLe Mechanlsm. ÞCSCCC
showcased Lhe progress made ln Lhe 8LC Mechanlsm and how Lhls commerclal mechanlsm ls helplng promoLe green energy ln Lhe counLry.
1he pavlllon was appreclaLed by academlclans, lndusLry and oLher sLakeholders. A paper on 'Cvervlew of lndlan 8enewable Lnergy CeruñcaLe
1Zë
Mechanlsm" was also presenLed on Lhls occaslon.
ka[bhasha re|ated acnv|nes
8a[bhasha Acuvlues were organlzed aL ÞCSCCC Lo mouvaLe employees and promoLe 8a[bhasha. ?our Company ls commlued Lo
lmplemenLauon of CovL. of lndla's 8a[bhasha pollcy. Plndl Þakhwara was celebraLed ln all Lhe 8LuCs and nLuC whereln serles of lnsplrauonal
Lalks, semlnars, symposla and compeuuon for employees were organlzed. Several workshops were also organlzed LhroughouL Lhe year
orlenung employees Lo adopL use of Plndl ln Lhelr rouune work and especlally lnLegraung 1echnology whlle encouraglng Plndl usage.
Corporate Soc|a| kespons|b|||ty
ln accordance wlLh Lhe uÞL guldellnes, your Company has Laken up CS8 acuvlues durlng Lhe year 2012-13 and made an allocauon of
`1.31 crore, l.e. Lhree percenL (3°) based on Lhe ÞroñL Aûer 1ax (ÞA1) for Lhe l? 2011-12 and Lhe same was meL from LuC uevelopmenL
lund as approved by CL8C vlde lLs order dL. 28.09.2012. 1he pro[ecLs underLaken Lowards CorporaLe Soclal 8esponslblllLy (CS8) durlng Lhe
l? 2012-13 lncluded- 'L for Lnergy Lmclency' - Awareness program for school chlldren, '8hyLhms from Lhe 8lverbanks' - Lowards promouon
of ArL and CulLure, scholarshlps Lo merlLorlous sLudenLs belonglng Lo SC/S1/C8C and dlsabled caLegorles, awards ln Lhe ñeld relaLed Lo
Þower SysLems ln selecLed ll1s/ nl1s, eLc. All Lhe acuvlues were successfully lmplemenLed durlng Lhe year.
Cn Lhe basls of oplnlon of Lhe experL Advlsory Commluee of Lhe lnsuLuLe of CharLered AccounLanLs of lndla, unspenL expendlLure of ` 0.46
crore ouL of Lhe budgeL for Lhe year Lowards CS8 has been Lransferred Lo CS8 8eserve by approprlauon of proñLs for uullzauon ln fuLure.
1he same has been uullsed Lowards Lhe CS8 acuvlues underLaken durlng 2012-13.
Susta|nab|e Deve|opment
?our Company made an allocauon of ` 23.26 lakh, l.e. 0.3° based on Lhe ÞroñL Aûer 1ax (ÞA1) for Lhe l? 2011-12 and Lhe same was ad[usLed
from LuC uevelopmenL lund as approved by CL8C vlde lLs order dL. 28.09.2012. 1he Su Þro[ecLs / acuvlues for Lhe l? 2012-13 lncluded
-Solar Llghung, whereln 10 solar lamp posLs were lnsLalled ln L8LuC, Lnergy AudlL aL nLuC and nL8LuC, volunLary procuremenL of 800 8LCs,
1ralnlng of all employees on aspecLs of Su and planLauon of 1000 nos. of planLs aL 8angalore Lhrough loresL ueparLmenL. All Lhe acuvlues
were successfully lmplemenLed durlng Lhe year.
kesearch & Deve|opment
ln accordance wlLh Lhe uÞL guldellnes, 0.3° of ÞroñL aûer 1ax of Lhe llnanclal ?ear 2011-12 was earmarked for lmplemenLauon of 8&u
acuvlues of ÞCSCCC. Schemes envlsaged under 8&u for 2012-13 lncluded (l) SLudy on developmenL of LlecLrlclLy MakeL mechanlsm, (ll)
SLudy on 8ellablllLy SLandards and (lll) Slmulauon sLudles for rellable and emclenL Þower SysLem operauon. Acuvlues covered under 8&u
were ln-house acuvlues, compleLed successußly and no exLernal/ speclallzed agencles were engaged for execuung Lhem. lL shall be our
endeavour Lo lnvolve lnsuLuLes such as ll1's and llSc ln Lhe comlng years.
Management D|scuss|ons and Ana|ys|s
ln addluon Lo Lhe lssues ln Lhe ulrecLors' 8eporL, some lssues have been broughL ouL ln reporL on ManagemenL ulscusslon & Analysls placed
aL Annex - I.
Þarncu|ars of emp|oyees - Sec 217(2A)
8elng a wholly owned subsldlary of ÞCWL8C8lu, Lhe manpower has been provlded by ÞCWL8C8lu on secondmenL basls. Þollcles, all oLher
beneñLs/welfare schemes appllcable Lo Lhe employees posLed ln ÞCSCCC, shall conunue Lo be Lhe same as LhaL of Lhe parenL organlsauon
l.e. ÞCWL8C8lu. 1he dlsclosure under Secuon 217(2A) of Companles AcL, 1936 read wlLh Lhe Companles (Þaruculars of Lmployees) 8ules,
1973 as amended ls enclosed aL Annex-II.
Conservanon of energy, techno|ogy absorpnon, fore|gn exchange earn|ng & outgo
Þaruculars ln respecL of conservauon of energy, Lechnology absorpuon and forelgn exchange earnlngs and ouLgo are enclosed
aL Annexure-III.
Aud|tor's keport
1he quallñcauon ln SLaLuLory AudlLors' 8eporL and ManagemenL's reply LhereLo ls glven aL Annex-IV(a).
Comments of the Comptro||er and Aud|tor Genera| of Ind|a
1he CommenLs of Lhe CompLroller and AudlLor Ceneral of lndla on Lhe accounL for Lhe year ended 31sL March, 2013 under Secuon 619(lv)
of Lhe Companles AcL, 1936 are auached aL Annex-IV(b) Lo Lhls reporL.
Corporate Governance
A 8eporL on Lhe CorporaLe Covernance (Annexure V), formlng parL of Lhls reporL, LogeLher wlLh Lhe CeruñcaLe Lhereon ls glven
aL Annexure VI of Lhls 8eporL.
D|rectors' kespons|b|||ty Statement
ÞursuanL Lo Lhe requlremenLs under Secuon 217(AA) of Lhe Companles AcL, 1936 wlLh respecL Lo ulrecLors' 8esponslblllLy SLaLemenL, lL ls
hereby conñrmed LhaL:
l) ln Lhe preparauon of Lhe annual accounLs for Lhe year ended 31sL March, 2013, Lhe appllcable accounung sLandards have been
followed,
ll) 1he ulrecLors have selecLed such accounung pollcles and applled Lhem conslsLenLly and made [udgmenLs and esumaLes LhaL were
reasonable and prudenL so as Lo glve a Lrue and falr vlew of Lhe sLaLe of añalrs of Lhe Company aL Lhe end of Lhe ñnanclal year and
of Lhe proñL or loss of Lhe Company for LhaL perlod,
1Zì
lll) 1he ulrecLors have Laken proper and sumclenL care for Lhe malnLenance of adequaLe accounung records ln accordance wlLh Lhe
provlslons of Lhe Companles AcL, 1936 for safeguardlng Lhe asseLs of Lhe Company and for prevenung and deLecung fraud and
oLher lrregularlues,
lv) 1he ulrecLors have prepared Lhe annual accounLs on a golng concern basls.
Statutory Aud|tors of the Company
M/s 8.C. !aln & Co., CharLered AccounLanLs, kanpur, were appolnLed by C&AC as SLaLuLory AudlLors of Lhe Company for Lhe l? 2012-2013.
POSOCO’s Board
Shrl SanLosh Saraf, lndependenL ulrecLor, ÞCWL8C8lu was appolnLed as an addluonal ulrecLor on Lhe 8oard of ÞCSCCC w.e.f. 26.03.2012. Pe
was appolnLed as ulrecLor aL Lhe ACM of Lhe Company held on 06.09.2012. MlnlsLry of Þower, CovL. of lndla, vlde lLs Crder no.11/20/2003-
ÞC dL.28.06.2013 has nomlnaLed SmL. 8lLa Acharya, !S (1ransmlsslon), MlnlsLry of Þower and SmL. neer[a MaLhur, Member (CC&u), CenLral
LlecLrlclLy AuLhorlLy as CovL. nomlnee ulrecLors on Lhe 8oard of ÞCSCCC.
AL presenL, Shrl 8.n.nayak, Shrl 8.1.Agarwal, Shrl l.S. !ha, Shrl SanLosh Saraf, SmL. 8lLa Acharya and SmL. neer[a MaLhur are on Lhe 8oard of
Lhe Company.
Acknow|edgement
1he 8oard of ulrecLors, wlLh deep sense of appreclauon, exLends lLs slncere Lhanks Lo MlnlsLry of Þower, ueparLmenL of Þubllc LnLerprlses,
CenLral LlecLrlclLy AuLhorlLy, CenLral LlecLrlclLy 8egulaLory Commlsslon, 8eglonal Þower Commluees and oLher concerned agencles and
sLakeholders for exLendlng Lhelr valuable supporL ln operaung Lhe power sysLem of Lhe counLry, dlscharglng Lhe oLher funcuons asslgned Lo
ÞCSCCC and above all ÞCWL8C8lu for Lhelr paLronage and dlrecuons. 1he ulrecLors also Lake Lhls opporLunlLy Lo Lhank Lhe Þrlnclpal ulrecLor
of Commerclal AudlL and Lx-Cmclo Member AudlL 8oard-lll for Lhe cooperauon exLended durlng Lhe year. 1he 8oard also acknowledges
Lhe valuable suggesuons and guldance recelved from Lhe sLaLuLory audlLors durlng Lhe audlL of accounL of Lhe company for Lhe year under
revlew.
lor and on behalf of
ÞCWL8 S?S1LM CÞL8A1lCn CC8ÞC8A1lCn LlMl1Lu
(k.N. Nayak)
Chalrman
uaLe : 03.08.2013
Þlace: new uelhl
1Ze
Management D|scuss|on and Ana|ys|s
Annexure-I to D|rectors' keport
1he lndlan power secLor ls one of Lhe mosL dlverslñed secLors ln Lhe world. Þower ln lndla ls generaLed from commerclal sources llke
coal, llgnlLe, naLural gas, oll, hydro and nuclear power as well as oLher vlable non-convenuonal sources, llke wlnd, solar, and agrlculLure
and domesuc wasLe. 1he demand for elecLrlclLy ln Lhe counLry has been growlng aL a rapld raLe and ls expecLed Lo lncrease furLher ln
Lhe years Lo come. ln order Lo meeL Lhe lncreaslng requlremenL of elecLrlclLy, masslve addluon Lo Lhe lnsLalled generaung capaclLy ln
Lhe counLry ls requlred. SusLalned growLh of Lhe power secLor ls a key parameLer Lo drlve economlc developmenL. LlecLrlclLy musL play
a key role ln achlevlng Lhe sLraLeglc ob[ecuves of lndla's energy pollcy. 1he ever lncreaslng complexlLy of Lhe nauonal power sysLem wlLh
more lnLerconnecuons, bulk power Lransfer corrldors, lnLernauonal lnLerconnecuons, hlgher Lransmlsslon volLages, new Lechnologles ln
generauon and Lransmlsslon, lncreaslng presence of renewable energy sources, large slze generauon pro[ecLs, sysLem proLecuon schemes,
wlde area conLrols, lncludlng lnLegrauve conLrols ln Lhe Lransmlsslon and SmarL Crld Lechnologles have puL greaLer responslblllues on Lhe
shoulder of sysLem operaLor for ensurlng rellable and secure power sysLem.
Þower ls one of Lhe key secLors auracung lul lnßows lnLo lndla. 1he CovernmenL has LargeLed capaclLy addluon of 100,000 MW each
under Lhe 12Lh (2012-17) and 13Lh (2017-22) llve ?ear Þlans. 1here ls Langlble shlû as regards Lo pollcy focus on Lhe sources of power. 1he
CovernmenL ls keen Lo promoLe hydro, renewable and gas-based pro[ecLs, as well as adopuon of clean coal Lechnology.
1he drlvers of Lhe change ln Lhe sysLem operauon as well as markeL operauon lnclude hlgh pace of growLh, Lechnologlcal obsolescence, ever
lncreaslng appeuLe for lnformauon and experuse of man behlnd machlne. 1he lncrease ln compeuuon among paruclpanLs and evolvlng
markeL mechanlsms are llkely Lo lncrease Lhe pressure on sysLem operaLors. 1he challenge would be Lo adapL Lo Lhe changlng paradlgm
and Lo faclllLaLe Lhe funcuonlng of Lhe elecLrlclLy markeL wlLhouL compromlslng grld securlLy and rellablllLy. Cverall, Lhe lmplemenLauon of
cosL eñecuve Lechnologles along wlLh more emphasls on envlronmenL frlendly energy resources and proper sLraLegles Lo mlugaLe Lhe key
challenges for Lhe developmenL of power secLor wlll only ensure lndla's march Lowards lncluslve growLh.
ÞCSCCC ls commlued Lo neuLral, lmparual sysLem operauon and markeL operauon almed aL dellverlng value Lo Lhe sLakeholders by creaung
robusL lnsuLuuonal sysLems, leveraglng Lechnologles and deploylng knowledge managemenL.
Iac|||tanng Market Cperanons
uurlng Lhe year 2012-13, a LoLal number of 32139 Lransacuons (10133 bllaLeral Lransacuons and 22004 collecuve Lransacuons) were
approved under S1CA as agalnsL 24111 1ransacuons (6883 8llaLeral 1ransacuons and 17226 Collecuve 1ransacuons) durlng lasL year
reglsLerlng an lncrease of 33°. 1oLal Lnergy approved under S1CA was 73.1 8us (23 8us under collecuve Lransacuons and 30.1 8us under
bllaLeral Lransacuon) as agalnsL 67 8us (13 8us under Collecuve 1ransacuons and 32 8us under 8llaLeral 1ransacuons) durlng lasL year
reglsLerlng an lncrease of 9.7°.
keso|v|ng operanona| cha||enges
ÞCSCCC has Laken varlous sLeps ln llne wlLh Lhe recommendauons of Lhe Lnqulry Commluee on Lhe Crld ulsLurbances LhaL occurred durlng
30-31
sL
!uly, 2012, llke ñllng of Þeuuon for furLher ughLenlng of frequency band Lo 49.9 - 30.1. Pz wlLh CL8C. 1he mauer ls under acuve
conslderauon of Lhe Commlsslon. updaLed verslon of ÞSS/L has been lnsLalled aL all SLuCs, 8LuCs, nLuC, 8ÞCs, CLA and CL8C enabllng
slmulauon of Lhe sysLem and carrylng ouL sLablllLy sLudles. ÞresenLly all planned ouLages are approved and 11C ls revlewed and updaLed, lf
requlred, for Lhese condluons. ÞCSCCC has also provlded lnpuLs Lo CLA for modlñcauon of 1ransmlsslon Þlannlng CrlLerla. A revlsed crlLerlon
has been lssued by CLA on 31
sL
!an, 2013. ÞCSCCC has also submlued a proposal Lo CL8C regardlng Lhe lnconslsLency beLween Congesuon
regulauon and Lhe deLalled procedure framed Lhereunder so LhaL congesuon due Lo forced ouLages and unscheduled lnLerchange can be
handled eñecuvely. ÞCSCCC clrculaLed Lhe uraû CuLage Þlannlng Þrocedure Lo 8ÞC's Lo dlscuss ln 8ÞC forum for eñecuve co-ordlnauon of
1ransmlsslon LlemenL CuLages.
Cut|ook
varlous regulaLory pool accounLs are operauonal and belng malnLalned by 8LuCs and nLuC Lo faclllLaLe ñnanclal seulemenL such as
unscheduled lnLerchange, ShorL 1erm Cpen Access-Collecuve and 8llaLeral, Congesuon 8evenue eLc. Clven Lhe presenL and expecLed
enormlLy of and complexlLy ln seulemenL of pool accounLs, a separaLe speclallsL enuLy ls envlsaged ln Lhe secLor. 1hls enuLy wlll brlng ñnanclal
and managemenL experuse Lo Clearlng and SeulemenL ln Lerms of lnsuLuuonal CapaclLy and human caplLal, address rlsk managemenL, fund
managemenL and sLreamllne assoclaLed compllance relaLed mauers. 1hls lmperauve had also been recognlzed ln Secuon 2.14 of Lhe 8eporL
of Lhe Worklng Croup on Þower for xllLh Þlan. lurLher modallues ln Lhls regard are belng explored.
Anc|||ary Serv|ces
Cf Lhe four plllars of markeL deslgn, Lhree plllars are already ln place l.e. Congesuon managemenL, lmbalance seulemenL mechanlsm and
Schedullng and uespaLch. 1here ls an urgenL need for Lhe fourLh plllar of Anclllary Servlces. 1he maln drlvers for Anclllary Servlces are
8ellablllLy and SecurlLy of Lhe Crld, ueregulaLed Þower SysLems, Changlng naLure of LlecLrlclLy Crld: lnLerconnecLed and meshed grld wlLh
renewables. 1here ls mandaLe for nLuC/8LuCs Lo ldenufy anclllary servlces ln Lhe amended CL8C ul 8egulauons, 2009. ueñnluon and
Cperauon of Anclllary servlces are lncluded as an excluslve funcuon of 8LuCs ln lLCC, 2010.
An approach paper on Anclllary Servlces was broughL ouL by ÞCSCCC ln !une, 2010 ln whlch varlous Lypes of anclllary servlces were ldenuñed
and lnLernauonal benchmarks were explalned. lrequency SupporL Anclllary Servlce (lSAS) was ldenuñed for lmmedlaLe lmplemenLauon. ln
Aprll, 2013, CL8C ßoaLed a sLañ paper on ºlnLroducuon of Anclllary Servlces ln lndlan LlecLrlclLy MarkeL" whlch ls an lmporLanL sLep forward
ln Lhe developmenL of Lhe lndlan LlecLrlclLy MarkeL.
WlLh Lhe help of Anclllary Servlces, lL ls expecLed LhaL un-despaLched generauon would be harnessed. lL would also promoLe lnLegrauon
of renewable energy generauon by addresslng Lhe lnLermluency lssues, especlally for wlnd generauon. 1hls would reduce dependence on
lmbalance seulemenL mechanlsm for meeung demand.
1ZJ
Capac|ty 8u||d|ng |n Þower System S|mu|anon and Stud|es
As a ma[or sLep Lowards capaclLy bulldlng across Lhe enure power secLor comprlslng of sLaLuLory bodles such as CLA, C1u, 8LuCs/nLuC,
CL8C, SL8Cs, S1us, SLuCs and Lhe 8ÞC SecreLarlaLs, 220 llcenses of ÞSS/L slmulauon soûware aL a LoLal cosL of `16.72 crore for all Lhe enuues
have been provlded. As parL of capaclLy bulldlg, Lralnlng ls also belng lmparLed Lo all Lhe sLakeholders for uslng Lhls uullLy. lL have ensured
common plauorm for merglng of daLa and for carrylng ouL power sysLem sLudles for operauonal plannlng, conungency analysls, eLc.
Synchron|sanon of Southern Gr|d w|th NLW Gr|d
CurrenLly, Lhe souLhern grld of Lhe CounLry ls connecLed wlLh Lhe nLW grld Lhrough PvuC llnks. S8 Crld would be synchronlzed wlLh
Lhe nLW Crld aûer commlsslonlng of 763 kv 8alchur - Sholapur llne ln 2013-14. Slnce synchronlsauon lnvolves merglng of markeLs, a
number of exerclses and Lrlal operauons would be underLaken before Lhe ñnal synchronlsauon ln l? 2013-14. Conslderlng Lhe enormlLy and
complexlues of Lhe process, a speclallzed sub-commluee has been consuLuLed comprlslng of Lhe sysLem experLs from Lhe nLuC and 8LuCs.
Cb[ecuve of Lhe commluee ls Lo ldenufy sLraLegles, conducL sLudles and llsL Lechnlcal pre requlslLes for synchronlzauon. 1he lnLerlm reporL
of Lhe SLudy Commluee ls llkely Lo be submlued by 31 CcL, 2013.
I|nanc|a| D|scuss|on and Ana|ys|s
Compar|son of I|sca| 2013 to I|sca| 2012
ConsequenL Lo Lhe nouñcauon of 8evlsed Schedule vl under Lhe Companles AcL, 1936, Lhe llnanclal SLaLemenLs for Lhe year ended as aL
31sL March, 2013 have been prepared as per Lhe 8evlsed Schedule vl.
SysLem Cperauon and MarkeL Cperauon charges comprlslng of 8LuC lees and Charges are recognlsed on Lhe basls of Larlñ approved
by CenLral LlecLrlclLy 8egulaLory Commlsslon(CL8C) and furLher ad[usLmenL made for Lrulng up. Puman 8esources and Cperauon &
MalnLenance expenses componenL of Larlñ are accounLed based on Lhe acLual expendlLure. Charges Lowards pro[ecLed caplLal expendlLure
are resLrlcLed Lo charges based on acLual caplLal expendlLure. Any excess ln collecuon of SysLem Cperauon and MarkeL Cperauon charges
over Lhe revenue recognlsed ls Lransferred Lo Lhe llablllLy Lo be ad[usLed on Lrulng up exerclse by Lhe CL8C aûer Lhe explry of Lhe conLrol
perlod.
nLuC has been deslgnaLed 'CenLral Agency' by CL8C for 8LC mechanlsm. As Lhe Company ls responslble for dlscharglng Lhe funcuons
of nLuC, lL ls requlred Lo malnLaln books of accounLs perLalnlng Lo 8LC Mechanlsm also. Accordlngly, Lhe AsseLs and Llablllues of 8LC
Mechanlsm have been merged wlLh Lhe company's books of accounLs for Lhe ñrsL ume ln Lhe CurrenL l? 2012-13 wlLh Lhe concurrence of
CenLral LlecLrlclLy 8egulaLory Commlsslon (CL8C).
kevenue from Cperanons
1he revenue earned from SysLem Cperauon and MarkeL Cperauon lncludlng S1CA lncome and 8eglsLrauon Money for Lhe year 2012-13
was `220.04 Crore as agalnsL `186.98 Crore ln Lhe l? 2011-12. 8evenue for Lhe CurrenL ?ear has lncreased proporuonaLely as compared
Lo revenue for prevlous year 2011-12 ln accordance wlLh Lhe Larlñ approved by CL8C . ln respecL of SysLem and MarkeL Cperauon charges
`4.67 crore neu aûer ad[usLmenL for earller years (Þrevlous ?ear ` 33.39 crore) has been de - recognlzed from lncome durlng Lhe year and
Lhe same ls Lransferred Lo Lhe 1rulng -up llablllLy (As per Lhe pollcy of revenue recognluon).
Deprec|anon
1he depreclauon has been provlded on SLralghL Llne MeLhod aL Lhe raLes and meLhodology speclñed ln Lhe norms nouñed by CL8C for Lhe
purpose of recovery of 8LuC lees and Charges. WlLh eñecL from 01/04/2009 (eñecuve daLe of CL8C 8egulauons, 2009), useful llfe has been
worked ouL prospecuvely based on unamoruzed balance of such asseL on Lhe basls of Lhe raLe of uepreclauon speclñed by CL8C excepL for
moblle phones whlch have been depreclaLed aL 33.33°.
uepreclauon charged ln Lhe l? 2012-13 ls `12.27 crore whereas ln l? 2011-12 lL was `20.11 crore. uepreclauon charge has reduced slnce
ma[orlLy of asseLs have been depreclaLed Lo Lhe exLenL of 90° of cosL wlLh resldual value of 10° and 100° of cosL wlLh nll resldual value as
ln Lhe case of compuLer hardware and soûware or 100° of Lhelr cosL.
Þroht before 1ax
?our company's proñL before Lax ln l?2012-13 was `130.33 crore as agalnsL `79.89 crore ln l? 2011-2012.
Þroht aher 1ax
?our company's ÞroñL aûer 1ax ln l? 2012- 2013 was ` 83.63 crore as agalnsL `30.32 crore ln l? 2011- 2012.
LDC Deve|opment Iund
ln llne wlLh CL8C º8LuC lee and Charges 8egulauon 2009", LuC uevelopmenL lund of `93 crore ls accrued (gross) ln LuC uevelopmenL lund
ouL of Cross lncome for Lhe l? 2012-13. 1hls lncludes 8eLurn on LqulLy (based on Lrulng up ad[usLmenL), lnLeresL on Loan and uepreclauon
amounung Lo `23.98 crore and CLher lncome amounung Lo `71.02 crore. 1he fund has been uullsed Lowards CorporaLe Soclal 8esponslblllLy
and SusLalnable uevelopmenL acuvlues for `1.31 crore, lncome Lax of `38.60 Crore, dlvldend of `14.29 Crore (lncludlng dlvldend Lax) &
CAÞLx ` 8.76 Crore resulung ln neL accreuon of `32.04 Crore Lo LuC uevelopmenL lund for l? 2012-13.
Se|ected 8a|ance Sheet Items
I|xed Assets:
?our Company's neL ñxed asseLs as on 31sL March, 2013 were `36.33 Crore as agalnsL `39.24 Crore as on 31sL March 2012. 1he ñxed asseLs
conslsL malnly of SCAuA Pardware and Soûware.
Loans and Advances
?our Company's LoLal loans and advances (shorL Lerm and long Lerm) as aL 31sL March, 2013 were ` 117.81 Crore agalnsL ` 109.31 Crore ln
Lhe l? 2011-12. 1he marglnal lncrease ls malnly on accounL of normal Lransacuons durlng Lhe course of buslness.
Cther Current Assets
Cur oLher currenL asseLs as on 31sL March, 2013 lncludes ` 28.03 Crore agalnsL ` 29.33 Crore as on 31sL March 2012 whlch lncludes accrued
lnLeresL on ßexl deposlLs wlLh banks and unbllled debLors relaLed Lo March bllllng of 8LuC lees and Charges.
1JJ
Sundry Debtors
Sundry uebLors as on 31sL March 2013 reduced Lo `4.37 Crore agalnsL `6.17 crore as on 31sL March 2012.1he reducuon ls malnly on
accounL of reallzauon of dues on 8LuC lees and Charges.
Unsecured |oan
1here ls no amounL of unsecured loans as on 31.03.2013.
Cther Current ||ab|||nes
?our company's oLher currenL llablllues as aL 31sL March, 2013 were ` 833.68 Crore as agalnsL ` 622.33 Crore as on 31sL March 2012. 1he
lncrease ls malnly on accounL of lncrease ln advances from cusLomers of S1CA.
Cther Long term ||ab|||nes
1he oLher long Lerm llablllues durlng Lhe l? 2012-13 were ` 7.46 crore comprlslng malnly of `6.73 Crore llablllLy on accounL of Lrulng up.
Connngent ||ab|||ty
1he conungenL llablllLy of ` 3.00 Crore ls Lhe demand of 8enL for Lhe omce and sLañ quarLers accommodauon ralsed by Lhe W8L8, Mumbal
for Lhe perlod up Lo l? 2012-13 whlch ls dlspuLed by Lhe Company and Lhe Company has soughL for Lhe Lransfer of Lhe ownershlp of omce
accommodauon and resldenual quarLers before Lhe MlnlsLry of Þower, CovL. of lndla. Powever, no declslon has come so far.
Cash I|ows
Net Cash from Cperanng Acnv|nes
1he operaung proñL before worklng caplLal changes ls `97.83 crore. Powever, Lhe neL cash from Cperaung acuvlues of `191.82 crore ls
malnly due Lo lncrease of ` 218.24 Crore ln llablllues Lowards S1CA advances operaLed and malnLalned ln Lerms of CL8C 8egulauons.
Net Cash from Invesnng Acnv|nes
1here ls no ma[or expendlLure lncurred durlng Lhe year on replacemenL / modernlzauon of machlnery and equlpmenL. lncrease ln neL cash
ls on accounL of recelpL of lnLeresL on 8ank llexl ueposlLs amounung Lo ` 36.76 crore.
Net Cash from I|nanc|ng Acnv|nes
A sum of ` 13.21 Crore has been uullzed for paymenL of dlvldend and dlvldend Lax. Powever ñnance charges on accounL of Lrulng up has
been reversed for `3.03 durlng Lhe year. Pence, Lhe neL ouulow ls ` 8.16 Crore.
Interna| Contro|
lnLernal conLrol mechanlsm ls ln place ln ÞCSCCC Lo verlfy Lhe Accounung and llnanclal ManagemenL SysLem, adequacy of conLrols, maLerlal
checks, ñnanclal proprleLy aspecLs and compllance lmplemenLauon mechanlsm. lnLernal AudlL and Þhyslcal verlñcauon for Lhe llnanclal
?ear 2012-13 had been carrled ouL by experlenced ñrms of CharLered AccounLanLs. Cne lndependenL ulrecLor on Lhe 8oard of ÞCWL8C8lu
has been nomlnaLed on Lhe AudlL Commluee Lhe Company ln Lerms of Lhe Company's Arucles of Assoclauon and also ln compllance wlLh
Lhe uÞL Culdellnes of CorporaLe Covernance.
k|sk Management Þrocedure
1he LnLerprlse 8lsk ManagemenL Þollcy & Þrocedures of ÞCWL8C8lu ls belng followed by ÞCSCCC.
Caunonary Statement
SLaLemenL ln Lhe ManagemenL ulscusslon and Analysls and ulrecLors' 8eporL descrlblng Lhe Company's ob[ecuves, pro[ecuons and esumaLes,
are forward-looklng sLaLemenLs and progresslve wlLhln Lhe meanlng of appllcable laws and regulauons. AcLual resulLs may vary from Lhose
expressed or lmplled, dependlng upon economlc condluons, CovernmenL Þollcles and oLher lncldenLal facLors. 8eaders are cauuoned noL
Lo place undue rellance on Lhe forward looklng sLaLemenLs.
lor and on behalf of
ÞCWLk S¥S1LM CÞLkA1ICN CCkÞCkA1ICN LIMI1LD
(k.N. Nayak)
Chalrman
uaLe : 03.08.2013
Þlace: new uelhl
¥ear ended March 31
2013 2012
neL cash from operaung acuvlues 191.82 (234.87)
neL cash (used ln) lnvesLmenL acuvlues 26.39 (10.40)
neL Cash from llnanclng acuvlues (8.16) (34.21)
neL Surplus under 8LC Mechanlsm 8egulauon 4.17 -
Cash and cash equlvalenLs aL Lhe end of Lhe year 889.31 673.09
(` ln crore )
1J1
Þarncu|ars of Lmp|oyees Þursuant to Secnon 217(2A) of the
Compan|es Act, 19S6 for the ¥ear 2012-13
Annexure-II to D|rectors' keport
S|. Name Des|gnanon Çua||hcanon kemuneranon Lxper|ence Date of Age Last
No. (Sh.]Smt.) (`) (years) Commencement (years) emp|oyment
of emp|oyement he|d
(|n ÞCWLkGkID)

1 SumanLa kumar Chosh Sr. AsslsLanL 8achelor of 729339 36 years 01-!an-93 60 CLA
Sclence
2 Þ 8haskar 8ao ACM M.1ech 4771093 34 years 01-!an-96 60 CLA
(Commerclal) (Þower SysLem)
ll1, kharagpur
3 M 8 !eevan Chlef Manager 8.L. (LlecLrlcal & 3017030 33 years 01-!an-94 60 CLA
LlecLronlcs),
Madural
4 ? k Malllkar[unaswamy !r. CperaLor SSLC 608909 34 years 01-!an-94 60 CLA
(Þ8)
Notes:
1) 8emunerauon lncludes Salary, Allowances, Leave LncashmenL, Leave 1ravel Concesslon, ÞaymenL for Lhe subsldlsed Leased
accommodauons, relmbursemenL of medlcal expenses Lo employees and employer's conLrlbuuon Lo provldenL lund and oLher lunds.
ln addluon, employees are enuLled Lo CraLulLy/ group lnsurance ln accordance wlLh Company's 8ules.
2) none of Lhe Lmployees llsLed above ls relaLed Lo any of Lhe ulrecLors of Lhe Company.
3) 8emunerauon menuoned above ls lncluslve of reuremenL/ separauon beneñLs pald durlng Lhe year and ls noL lndlcauve of any regular
remunerauon sLrucLure of employees of Lhe company.
lor and on behalf of
ÞCWL8 S?S1LM CÞL8A1lCn CC8ÞC8A1lCn LlMl1Lu
(k.N. Nayak)
Chalrman
uaLe : 03.08.2013
Þlace: new uelhl
1JZ
Þarncu|ars requ|red under the Compan|es (D|sc|osure of Þarncu|ars
|n the keport of 8oard of D|rectors) ku|es, 1988
Annexure - III to the D|rectors' keport
A. Conservanon of Lnergy:
ÞCSCCC's faclllues are spread over slx conLrol cenLres locaLed aL Mumbal, uelhl, kolkaLa, 8angalore and Shlllong. LlecLrlclLy consumpuon
ls one of Lhe ma[or lLems of expendlLure on Cperauon and MalnLenance (C & M) lnvolvlng an approxlmaLe ouLgo of ` 3 crore per
annum. 1hls would go up wlLh Lhe rlse ln Lhe elecLrlclLy prlces. Conservauon of energy ls Lherefore an lmperauve for ÞCSCCC. MosL
of ÞCSCCC's faclllues are housed ln old bulldlngs owned by Lhe CovL. of lndla and changes ln Lhe baslc sLrucLure of Lhe bulldlng wlLh
a vlew Lo mlnlmlze Lhe elecLrlclLy consumpuon are llmlLed. All 8LuC's have gone for an energy audlL and are lmplemenung measures
Lowards lmprovlng alr condluonlng emclency and llghung as well as compuLers.
nLuC as CenLral Agency for 8enewable Lnergy CeruñcaLe(s)(8LCs) ls also looklng Lowards encouraglng volunLary buyers of 8LCs.
ÞCSCCC Loday ls amongsL Lhe 1en volunLary buyers of 8LCs ln Lhe counLry. ln 2012-13, ÞCSCCC has purchased 800 no. of 8LCs as a
small sLep ln Lhls lnluauve. (1 8LC= 1000 unlLs of elecLrlclLy). 1he scheme of Solar llghung sysLem was lmplemenLed on a llmlLed exLenL
basls aL L8LuC durlng l? 2012-13.
8. kesearch and Deve|opment:
Large Scale lnLegrauon of 8enewable Cenerauon, lmprovlng vlsuallzauon and SlLuauonal Awareness (SA) aL 8LuCs / nLuC, deslgnlng
self heallng sysLem Lo Lake care of hlgh lmpacL low probablllLy lncldenLs conunue Lo be Lhe areas of speclal lnLeresL Lo ÞCSCCC.
ÞCSCCC's Leam aL 8LuCs/ nLuC have a conunuous process of engagemenL wlLh bodles llke CC-13 (earller known as very Large Þower
Crld CperaLors (vLÞCC)), 1SC-Comparlson Croup, ClC8L, lLLL eLc. and are a parL of dlñerenL Worklng Croups(WCs) coverlng Lhe above
area.
AparL from sysLem operauon, ÞCSCCC ls also worklng Lowards havlng an elecLrlclLy markeL ln Lhe counLry whlch fully complemenLs
rellablllLy and ensures economy and emclency.
ÞCSCCC looks forward Lo greaLer LhrusL ln Lhe above areas of 8esearch and uevelopmenL (8&u) and ls explorlng parLnershlps wlLh
academlc lnsuLuuons and research cenLres ln lndla and abroad.
C. Iore|gn Lxchange earn|ngs and outgo:
lorelgn Lxchange earnlng nlL
lorelgn Lxchange ouLgo
(l) 8epalr & malnLenance
(ll) lorelgn Lravel
(lll) CLhers
3.14
0.04
0.33
(` ln crore)
lor and on behalf of
ÞCWL8 S?S1LM CÞL8A1lCn CC8ÞC8A1lCn LlMl1Lu
(k.N. Nayak)
Chalrman
uaLe : 03.08.2013
Þlace: new uelhl
1JJ
Annexure - IV(a) to the D|rectors' keport
1nL CCMMLN1S CI 1nL S1A1U1Ck¥ AUDI1Ck'S AND MANAGLMLN1'S kLÞL¥ 1nLkL1C AkL GIVLN 8LLCW:-
AudlLor's CommenLs ManagemenL's 8eply
uurlng Lhe year, Lhe company has changed Lhe Accounung Þollcy
regardlng 8evenue 8ecognluon (refer noLe. no 2.39 of oLher noLes).
1he change ln Accounung Þollcy has resulLed ln lncrease of ÞroñL for
Lhe year by ` 32.92 Crore, lncome 1ax Þrovlslon by ` 17.17 Crore and
Shareholders lunds by ` 33.73 Crore, same ls sub[ecL Lo admlsslble
by CenLral LlecLrlclLy 8egulaLory Commlsslon(CL8C) aûer prudence
check aL Lhe ume of Lrulng up. 1he exLenL of uncerLalnlLy lnvolved
on accounL of addluonal revenue ls dependenL upon ouLcome of
CL8C order. 8ecognluon of such addluonal revenue Lo Lhe exLenL of
uncerLalnlLy lnvolved ls deparLure from Lhe Accounung SLandards
referred Lo ln sub-secuon (3C) of secuon 211 of Lhe AcL.
1he P8 and C&M expenses were accounLed for as 'acLual expendlLure
or expendlLure allowed by CL8C 8LuCwlse whlchever ls less', up Lo
l? 2011-12. Powever, such acLual expendlLure ls allowable as per
CL8C regulauons sub[ecL Lo Lrulng up aûer Lhe end of Lhe conLrol
perlod l.e. 2009-14. Cn Lhe peuuon ñled by Lhe company, CL8C
vlde order daLed 28Lh SepLember, 2012, has dlrecLed LhaL 'Any
addluonal leglumaLe P8 expenses over and above LhaL approved
by Lhe Commlsslon ln lLs varlous Larlñ orders as menuoned ln para
3 of Lhls order may be Lemporarlly meL by Lhe peuuoner ouL of
Lhe LuC uevelopmenL lund whlch wlll be recouped aL Lhe ume of
Lrulng up'.
Conslderlng cerLalnLy of recelpL as per AS-9, maLchlng revenue
concepL and accrual sysLem of accounung, Lhe accounung pollcy
has been changed as '8evenue recognluon based on acLual P8 and
C&M expendlLure lncurred'.
ln vlew of CL8C 8egulauons, CL8C order daLed 28Lh SepLember,
2012 and pasL CL8C orders on Lhe above mauers, ManagemenL ls of
Lhe vlew LhaL uncerLalnLy lnvolved on accounL of addluonal revenue
ls negllglble and noL maLerlal. Cnly Lhe leglumaLe expendlLure
ellglble under CL8C 8egulauons has been consldered for addluonal
revenue.
1J+
Annexure - IV(b) to the D|rectors' keport
CCMMLN1S CI 1nL CCMÞ1kCLLLk AND AUDI1Ck GLNLkAL CI INDIA UNDLk SLC1ICN 619(4) CI 1nL
CCMÞANILS AC1, 19S6 CN 1nL ACCCUN1S CI ÞCWLk S¥S1LM CÞLkA1ICN CCkÞCkA1ICN LIMI1LD
ICk 1nL ¥LAk LNDLD 31 MAkCn 2013
1he preparauon of ñnanclal sLaLemenLs of Þower SysLem Cperauon Corporauon LlmlLed for Lhe year ended 31 March 2013 ln accordance
wlLh Lhe ñnanclal reporung framework prescrlbed under Lhe Companles AcL, 1936 ls Lhe responslblllLy of Lhe ManagemenL of Lhe Company.
1he SLaLuLory AudlLors appolnLed by Lhe CompLroller and AudlLor Ceneral of lndla under Secuon 619(2) of Lhe Companles AcL, 1936 are
responslble for expresslng oplnlon on Lhese ñnanclal sLaLemenLs under Secuon 227 of Lhe Companles AcL, 1936 based on lndependenL audlL
ln accordance wlLh Lhe audlung and assurance sLandards prescrlbed by Lhelr professlonal body, Lhe lnsuLuLe of CharLered AccounLanLs of
lndla. 1hls ls sLaLed Lo have been done by Lhem vlde Lhelr AudlL 8eporL daLed 21 !une 2013.
l, on behalf of Lhe CompLroller and AudlLor Ceneral of lndla, have conducLed a supplemenLary audlL under Secuon 619(3) (b) of Lhe
Companles AcL, 1936 of Lhe ñnanclal sLaLemenLs of Þower SysLem Cperauon Corporauon LlmlLed for Lhe year ended 31 March 2013. 1hls
supplemenLary audlL has been carrled ouL lndependenLly wlLhouL access Lo Lhe worklng papers of Lhe SLaLuLory AudlLors and ls llmlLed
prlmarlly Lo lnqulrles of Lhe SLaLuLory AudlLors and Company personnel and a selecuve examlnauon of some of Lhe accounung records. Cn
Lhe basls of my audlL noLhlng slgnlñcanL has come Lo my knowledge whlch would glve rlse Lo any commenL upon or supplemenL Lo SLaLuLory
AudlLor's 8eporL under Secuon 619(4) of Lhe Companles AcL, 1936.

lor and on Lhe behalf of Lhe
CompLroller & AudlLor Ceneral of lndla


Sd/-
(Na|na A. kumar)
Þlace: new uelhl Þr|nc|pa| D|rector of Commerc|a| Aud|t &
uaLed: 31
sL
!uly, 2013 Lx-omc|o Member, Aud|t 8oard - III,
New De|h|
1J5
keport on Corporate Governance
Annexure - V to the D|rectors' keport
1he ulrecLors presenL Lhe Company's 8eporL on CorporaLe Covernance.
1. 1nL CCMÞAN¥'S GCVLkNANCL ÞnILCSCÞn¥
CorporaLe Covernance ls abouL promoung corporaLe falrness, Lransparency and accounLablllLy ln Lhe besL lnLeresL of varlous sLakeholders ln
Lhe Company. lL ls a sysLem by whlch buslness corporauons are dlrecLed and conLrolled. Þower SysLem Cperauon Corporauon LLd. (ÞCSCCC)
belleves LhaL good governance should enLall LrusLeeshlp, empowermenL and accounLablllLy of Lhe managemenL whlle remalnlng proacuve
Lo Lhe CovernmenL pollcles. ÞCSCCC's Covernance process ls focused Lowards lLs followlng mlsslon:
ºLnsure lnLegraLed Cperauon of 8eglonal and nauonal Þower SysLems Lo faclllLaLe Lransfer of elecLrlc power wlLhln and across Lhe reglons
and Lrans-nauonal exchange of power wlLh 8ellablllLy, SecurlLy and Lconomy."
1he Company has also seL lLs Cb[ecuves ln furLherance of lLs mlsslon as per lLs role as deñned ln Lhe LlecLrlclLy AcL, and seL ouL by Lhe
MlnlsLry of Þower, CL8C, oLher 8egulaLory / SLaLuLory 8odles, eLc. from ume Lo ume.
1he Company has also consuLuLed an AudlL Commluee Lo have beuer and more focused auenuon on ñnanclal mauers.
ManagemenL ulscusslon and Analysls ls placed aL Annex -l Lo ulrecLors' 8eporL.
1he Company has complled wlLh Lhe condluons of Lhe CorporaLe Covernance Code and Lhe dlsclosure requlremenLs ln LhaL regard are glven
below:
2. 8oard of D|rectors:
2.1 S|ze of the 8oard
ÞCSCCC, belng Lhe wholly owned subsldlary Company of Þower Crld Corporauon of lndla LlmlLed(ÞCWL8C8lu) ls a CovernmenL Company
wlLhln Lhe meanlng of Secuon 617 of Lhe Companles AcL, 1936. As per lLs Arucles of Assoclauon, Lhe composluon of Lhe 8oard of ulrecLors
shall be as deLermlned by Lhe Pon'ble ÞresldenL / CovernmenL of lndla from ume Lo ume.
ln Lerms of Lhe Arucles of Assoclauon of Lhe Company, Lhe sLrengLh of our 8oard shall noL be less Lhan Lhree ulrecLors buL noL more Lhan
ñûeen ulrecLors. 1hese ulrecLors may be elLher whole-ume ulrecLors or parL-ume ulrecLors or oLherwlse.
2.2 Compos|non of the 8oard
As on 31sL March, 2013, Shrl 8.n. nayak, Shrl 8.1. Agarwal, Shrl l.S. !ha and Shrl SanLosh Saraf were on Lhe 8oard of Lhe Company. Shrl SanLosh
Saraf ls Lhe lndependenL dlrecLor of Lhe Company. MlnlsLry of Þower, vlde lLs Crder no.11/20/2003-ÞC dL.28.06.2013 had nomlnaLed SmL.
8lLa Acharya, !olnL SecreLary, 1ransmlsslon, MlnlsLry of Þower and SmL. neer[a MaLhur, Member, CC&u, CenLral LlecLrlclLy AuLhorlLy on Lhe
8oard of ÞCSCCC. 1hey were subsequenLly co-opLed w.e.f.18.07.2013 on Lhe 8oard of ÞCSCCC as Addluonal ulrecLors.
1he equlLy shares of Lhe Company are noL llsLed.
2.3 Age L|m|t and 1enure of D|rectors
1he age llmlL of Lhe Chalrman and oLher ulrecLors (oLher Lhan lndependenL ulrecLor(s)) from Lhe 8oard of ÞCWL8C8lu ls 60 years.
1he daLe of appolnLmenL of Lhe ulrecLors who are ln omce as on 31sL March, 2013 was as follows:
Name & Des|gnanon Date of Io|n|ng on the 8oard*
Shrl 8.n. nayak, non - execuuve Chalrman 29.09.2009
Shrl 8.1. Agarwal, ÞarL - ume ulrecLor 16.03.2011
Shrl l.S. !ha, ÞarL - ume ulrecLor 01.09.2011
Shrl SanLosh Saraf, lndependenL ulrecLor 26.03.2012
*1he ulrecLors on Lhe 8oard of ÞCWL8C8lu / Cmclals, who have been appolnLed as ulrecLors ln ÞCSCCC shall cease Lo be on Lhe 8oard of ÞCSCCC on compleuon of
Lhelr Lenure / superannuauon / wlLhdrawal of nomlnauon from ÞCWL8C8lu / MlnlsLry.
**none of Lhe ulrecLors of Lhe Company are ln any way relaLed wlLh each oLher.
2.4 8oard Meenngs and Auendance:
1he meeungs of Lhe 8oard of ulrecLors are held aL Lhe 8eglsLered omce of Lhe Company / CorporaLe Cmce of ÞCWL8C8lu, Lhe holdlng
Company. Meeungs are generally scheduled well ln advance and Lhe nouce, deLalled 8oard agenda, managemenL reporLs and oLher
explanaLory 8oard noLes are clrculaLed Lo Lhe ulrecLors. 1he members of Lhe 8oard have compleLe access Lo all lnformauon of Lhe
Corporauon. CLC, ÞCSCCC ls a speclal lnvlLee Lo all 8oard meeungs.
uurlng Lhe ñnanclal year ended 31sL March, 2013, seven 8oard meeungs were held on 7Lh May, 28Lh May, 27Lh !uly, 6Lh SepLember and 3Lh
uecember of Lhe year 2012 and 16Lh !anuary and 11Lh lebruary of Lhe year 2013. 1he maxlmum lnLerval beLween any Lwo meeungs durlng
Lhls perlod was 89 days. ueLalls of number of 8oard meeungs auended by ulrecLors, auendance aL lasL ACM, number of oLher dlrecLorshlp/
commluee membershlp (vlz. AudlL Commluee and Shareholders' Crlevance Commluee as per uÞL Culdellnes) held by Lhem durlng Lhe year
2012-13 are LabulaLed below:
1Jë

*Lxcludlng ulrecLorshlps ln ÞrlvaLe LlmlLed Companles and companles reglsLered under Secuon 23 of Lhe Companles AcL, 1936.
**lncludes Chalrmanshlp / Membershlp of ÞCSCCC. lurLher, only Chalrmanshlp / Membershlp of AudlL Commluee and Lhe Shareholdes' Crlevance Commluee has
been consldered.
2.S Informanon p|aced before the 8oard of D|rectors.
1he 8oard has compleLe access Lo any lnformauon wlLh Lhe Company. 1he lnformauon regularly supplled Lo Lhe 8oard lncludes:
1. Annual operaung plans and budgeLs and any updaLes.
2. Annual AccounLs, ulrecLors' 8eporL, eLc.
3. CuarLerly resulLs of Lhe company.
4. MlnuLes of meeungs of AudlL Commluee and oLher Commluees of Lhe 8oard
3. ulsclosure of lnLeresL by ulrecLors abouL dlrecLorshlp and commluee posluons occupled by Lhem ln oLher Companles.
6. Compllance of regulaLory or sLaLuLory provlslons
7. CLher maLerlally lmporLanL lnformauon.
Þost Meenng Io||ow -up system
Acuon Laken on Lhe dellberauons of Lhe 8oard and Commluee meeungs ls puL up for lnformauon of Lhe 8oard and Lhe Commluee's of Lhe
8oard.
3. Comm|uee(s) of the 8oard of D|rectors
ÞCSCCC 8oard has consuLuLed Lhe followlng Commluees:
1) AudlL Commluee
2) SusLalnable uevelopmenL Commluee
3.1 Aud|t Comm|uee
ÞCSCCC 8oard had consuLuLed an AudlL Commluee ln lLs meeung held on 13
Lh
March, 2011. 1he followlng were lLs members as on
31.03.2013:
(l) Shrl SanLosh Saraf, ulrecLor- Member & Chalrman
(ll) Shrl 8.1. Agarwal, ulrecLor - Member
(lll) Shrl l.S. !ha, ulrecLor - Member
1he powers, role, funcuons, eLc. of Lhe AudlL Commluee are governed by Lhe Companles AcL and CovernmenL Culdellnes.
Meenngs of Aud|t Comm|uee
1he AudlL Commluee meeLs aL leasL four umes ln a year and noL more Lhan four monLhs elapse beLween Lwo meeungs ln LhaL year. 1he
quorum for Lhe AudlL Commluee meeungs ls elLher Lwo members or one Lhlrd of Lhe members of Lhe AudlL Commluee whlchever ls
greaLer.
kev|ew of |nformanon by Aud|t Comm|uee
1he AudlL Commluee generally revlews Lhe followlng lnformauon:
1. ManagemenL dlscusslon and analysls of ñnanclal condluon and resulLs of operauons,
2. SLaLemenL of slgnlñcanL relaLed parLy Lransacuons submlued by managemenL,
3. ManagemenL leuers / leuers of lnLernal conLrol weaknesses lssued by Lhe sLaLuLory audlLors,
4. lnLernal audlL reporLs relaung Lo lnLernal conLrol weaknesses, and
3. 1he appolnLmenL, removal and Lerms of remunerauon of Lhe audlLor.
Name of the D|rector
Meenng he|d
dur|ng respecnve
tenure of
D|rectors
No. of 8oard
Meenngs
auended
Auendance
at the |ast
AGM (he|d on
06.09.2012)
No. of other
D|rectorsh|ps
he|d on
31.03.13*
No. of Comm|uee
Membersh|p he|d
on 31.03.13**
Chairman Member
non execuuve ulrecLors
Shrl 8.n.nayak,
Chalrman
7 7 ?es 9 nlL nlL
Shrl 8.1. Agarwal,
ulrecLor
7 7 ?es 3 1 3
Shrl l.S. !ha, ulrecLor 7 3 ?es 7 nlL 2
Shrl SanLosh Saraf,
lndependenL ulrecLor
7 7 ?es 2 4 nlL
1Jì
As on 31.03.2013, Lhe ulrecLors' Shareholdlng was as under:
Name of D|rector(s) No. of Lqu|ty Shares ne|d
As a Nom|nee of ÞCWLkGkID Ind|v|dua| Capac|ty
Shrl 8.n. nayak, 01 -
Shrl 8.1. Agarwal 01 -
Shrl l.S. !ha 01 -
Auendance
uurlng Lhe ñnanclal year ended 31sL March, 2013, 07 meeungs of Lhe AudlL Commluee were held on 4Lh May, 28Lh May, 27Lh !uly, 6Lh
SepLember and 3Lh uecember of Lhe year 2012 and 16Lh!anuary and 11Lh lebruary, of Lhe year 2013.
Auendance aL Lhe AudlL Commluee Meeungs durlng Lhe llnanclal ?ear 2012-13
3.2 Susta|nab|e Deve|opment Comm|uee
ÞCSCCC 8oard had consuLuLed Lhe SusLalnable uevelopmenL Commluee ln lLs meeung held on 7Lh May, 2012 for lmplemenLauon of
SusLalnable uevelopmenL (Su) acuvlues ln llne wlLh Lhe requlremenL of ueparLmenL of Þubllc LnLerprlses (uÞL) Culdellnes on Su for CenLral
Þubllc SecLor LnLerprlses. 1he Commluee comprlsed of Lhe followlng members as on 31.03.2013:
(l) Shrl SanLosh Saraf, ulrecLor- Member & Chalrman
(ll) Shrl 8.1. Agarwal, ulrecLor - Member
(lll) Shrl l.S. !ha, ulrecLor - Member
uurlng Lhe llnanclal ?ear 2012-13, Lwo meeungs of Lhe SusLalnable uevelopmenL Commluee were held - on 17LhCcLober, 2012 and 16Lh
!anuary, 2013. Auendance aL Lhe above meeungs was as follows:
4. kemuneranon of D|rectors
ln Lhe 8oard meeung of Lhe Company held on 16.01.2013, slmng fee pald Lo Lhe lndependenL ulrecLor on Lhe 8oard of ÞCWL8C8lu,
who had been nomlnaLed on Lhe 8oard of ÞCSCCC had been approved Lo be enhanced from ` 10,000/-Lo ` 20,000/-. AparL from Lhls, no
remunerauon ls pald Lo any oLher ulrecLor.
ueLalls of paymenL made Lowards slmng fee Lo Lhe lndependenL ulrecLor on Lhe 8oard of ÞCWL8C8lu, who had been nomlnaLed on Lhe
8oard of ÞCSCCC ls glven below:
Name of the member Aud|t Comm|uee Meenngs dur|ng the tenure
ne|d Auended
Shrl SanLosh Saraf 07 07
Shrl 8.1. Agarwal 07 07
Shrl l.S. !ha 07 03
Name of the member Susta|nab|e Deve|opment Comm|uee Meenngs dur|ng the tenure
ne|d Auended
Shrl SanLosh Saraf 02 02
Shrl 8.1. Agarwal 02 02
Shrl l.S. !ha 02 02
Name of the D|rector S|mng Iees 1ota|
8oard Meenng
Aud|t Comm|uee
Meenng
Susta|nab|e
Deve|opment
Comm|uee Meenng
Shrl SanLosh Saraf 90,000 90,000 30,000 2,10,000^
^Cross amounL.
`
1Je
S. Genera| 8ody Meenngs:
uaLe, ume and locauon of Lhe lasL Lhree Annual Ceneral Meeungs ls as under:
6. D|sc|osures
(l) ueLalls of relaLed parLy Lransacuons are lncluded ln Lhe noLes Lo Lhe AccounLs as per Accounung SLandard - 18 lssued by Lhe
lnsuLuLe of CharLered AccounLanLs of lndla and nouñed by Lhe CenLral CovernmenL ln consulLauon wlLh nauonal Advlsory
Commluee on Accounung SLandards.
(ll) 1he CLC of Lhe Company has ceruñed Lhe ñnanclal sLaLemenLs Lo Lhe 8oard.
(lll) ÞCSCCC does noL have any maLerlal non llsLed lndlan Subsldlary Company.
(lv) 1here are no maLerlal lndlvldual Lransacuons wlLh relaLed parues whlch are noL ln Lhe normal course of buslness.
(v) 1here are no maLerlal lndlvldual Lransacuons wlLh relaLed parues or oLhers, whlch are on an arm's lengLh basls.
(vl) 1here were no penalues or sLrlcLures lmposed on Lhe Company by any sLaLuLory auLhorlues for non-compllance on any mauer
relaLed Lo caplLal markeLs, durlng Lhe year.
(vll) 1he 8alance SheeL, ÞroñL and Loss AccounL and Cash llow SLaLemenL for Lhe ñnanclal year 2012-13 have been prepared as per Lhe
Accounung SLandards referred Lo ln Sub-secuon (3C) of Secuon 211 of Lhe Companles AcL, 1936.
7. Means of Commun|canon
1he Company communlcaLes wlLh lLs shareholders Lhrough lLs Annual 8eporL, Ceneral Meeung and dlsclosure Lhrough web slLe.
lnformauon and laLesL updaLes and announcemenLs made by Lhe Company can be accessed aL Company's webslLe: hup://posoco.ln.
8. Code of Conduct
1he 8oard of ulrecLors of ÞCWL8C8lu, Lhe Poldlng Company has lald down Lwo separaLe Codes of 8uslness ConducL and LLhlcs - one for
8oard Members and anoLher for Senlor ManagemenL Þersonnel. 1he Senlor managemenL of ÞCSCCC ls on secondmenL basls from Lhe
holdlng company, l.e. ÞCWL8C8lu. Pence, Code of ConducL appllcable Lo ÞCWL8C8lu ls belng followed.
9. Shareho|ders' Informanon
|) Annua| Genera| Meenng
||) I|nanc|a| ¥ear
1he Company's llnanclal ?ear ls from 1sL Aprll Lo 31sL March.
|||) Þayment of d|v|dend
1he 8oard of ulrecLors of Lhe Company has recommended paymenL of a ñnal ulvldend of 20° (` 2.0 per share) for Lhe ñnanclal
year ended 31sL March, 2013. ln addluon, an lnLerlm ulvldend of 20° (` 2.0 per share) was pald on 22nd lebruary, 2013. (ulvldend
pald ln Lhe Þrevlous ?ear was ` 3.0 per share)
|v) Cutstand|ng GDks]ADks]Warrants or any Convernb|e |nstruments, convers|on date and ||ke|y |mpact on equ|ty
no Cu8s/Au8s//WarranLs or any Converuble lnsLrumenLs have been lssued by Lhe Company.
D|v|dend n|story
¥ear Date Time Venue Spec|a| keso|unon
2009-2010 23
rd
SepLember, 2010 4.30 p.m.
1sL lloor, 8-9, CuLab lnsuLuuonal Area, kaLwarla Saral, new
uelhl-16.
nlL
2010-2011 24Lh AugusL, 2011 10.00 a.m
1sL lloor, 8-9, CuLab lnsuLuuonal Area, kaLwarla Saral, new
uelhl-16.
nlL
2011-2012 06Lh SepLember, 2012 3.00 p.m.
1sL lloor, 8-9, CuLab lnsuLuuonal Area, kaLwarla Saral, new
uelhl-16.
nlL
uaLe : 26
Lh
AugusL, 2013
1lme : 4.30 p.m.
venue : 8-9, CuLab lnsuLuuonal Area, kaLwarla Saral, new uelhl - 110 016.
¥ear
1ota| Þa|d-up
Cap|ta|
1ota| Amount of D|v|dend Þa|d for
the I|nanc|a| ¥ear
Date of AGM |n wh|ch d|v|dend was
dec|ared
Date of Þayment of I|na|
D|v|dend
2010-11 30.64 3.06 24.08.2011 13.09.2011
2011-12 30.64 9.20 06.09.2012 06.09.2012
2012-13 30.64 6.13* 11.02.2013[ 22.02.2013#
* AmounL of lnLerlm ulvldend for l.?. 2012-13
[ uaLe of Lhe 8oard Meeung aL whlch Lhe lnLerlm dlvldend was declared.
# uaLe of ÞaymenL of lnLerlm ulvldend for l.?. 2012-13
1JJ
v) Locanon of ÞCSCCC Þ|ants
ÞCSCCC has no planLs.
v|) Shareho|d|ng Þauern
1he enure shares of Lhe Company are owned by Þower Crld Corporauon of lndla LlmlLed.
v||) Address for correspondence:
Þower SysLem Cperauon Corporauon LlmlLed,
1sL lloor, 8-9, CuLab lnsuLuuonal Area,
kaLwarla Saral,
new uelhl - 110 016.
1elephone no. lax no.
8eglsLered Cmce 011-26336832, 26324322 011-26324323, 26336901
webslLe hup://posoco.ln
Company SecreLary, CS Þrlu ChaLurvedl 011-26361309 011 -26324323
Lmall lu prlu[posoco.ln
lor and on behalf of
ÞCWL8 S?S1LM CÞL8A1lCn CC8ÞC8A1lCn LlMl1Lu
(k.N. Nayak)
Chalrman
uaLe : 03.08.2013
Þlace: new uelhl
Annexure-l
Non-Mandatory kequ|rements
1. The Board: 1he Company ls headed by a non execuuve Chalrman. no person has been appolnLed as lndependenL dlrecLor who has
been a ulrecLor, ln Lhe aggregaLe, exceedlng a perlod of nlne years on Lhe 8oard of ÞCSCCC.
2. kemuneranon Comm|uee: As ÞCSCCC comprlses Lhe employees of ÞCWL8C8lu who have been depuLed on secondmenL basls,
approvals by Lhe 8emunerauon Commluee of ÞCWL8C8lu are appllcable Lo ÞCSCCC also.
3. Aud|t qua||hcanons: 1he ñnanclal sLaLemenL for Lhe year 2012-13 ls quallñed
4. 1ra|n|ng of 8oard Members: A presenLauon on Lhe followlng mauers was glven Lo Lhe ulrecLors:
ÞresenLauon on ÞCSCCC as a whole was provlded Lo Lhe ulrecLors so as Lo glve Lhem an lnslghL lnLo Lhe funcuonlng of Lhe
Company.
ÞresenLauon on acuvlues asslgned Lo ÞCSCCC by MoÞ and CL8C Lhrough new 8egulauons.
3. Wh|st|e 8|ower Þo||cy: 8elng a wholly owned subsldlary of ÞCWL8C8lu, ln Lerms of Lhe Mou slgned wlLh ÞCWL8C8lu, Lhe Þollcles,
Culdellnes, eLc. of ÞCWL8C8lu are appllcable Lo ÞCSCCC as well.
Cernhcate on Corporate Governance
1he CeruñcaLe on CorporaLe Covernance ls belng publlshed as an Annexure Lo Lhe ulrecLors' 8eporL.
1+J
Annexure - VI to the D|rectors' keport
Cernhcate on Corporate Governance
To
The Members,
Þower SysLem Cperauon Corporauon LlmlLed.
l have examlned Lhe compllance of condluons of corporaLe governance by Þower SysLem Cperauon Corporauon LlmlLed, for Lhe year ended
on 31sL March 2013 as supulaLed ln Lhe uÞL Culdellnes.
1he compllance of condluons of corporaLe governance ls Lhe responslblllLy of Lhe managemenL. My examlnauon was llmlLed Lo Lhe procedures
and lmplemenLauon Lhereof, adopLed by Lhe Company for ensurlng Lhe compllance of Lhe condluons of Lhe CorporaLe Covernance. lL ls
nelLher an audlL nor an expresslon of oplnlon on Lhe ñnanclal sLaLemenL of Lhe Company.
ln my oplnlon and Lo Lhe besL of my lnformauon and accordlng Lo Lhe explanauon glven Lo me, l cerufy LhaL Lhe Corporauon has complled
wlLh Lhe condluons of CorporaLe Covernance excepL LhaL lL has, an lndependenL dlrecLor who consuLuLe one fourLh of Lhe LoLal number of
dlrecLors as agalnsL Lhe requlremenL of one Lhlrd Lhe LoLal number of dlrecLors, Lhe AudlL Commluee has only one lndependenL dlrecLor
as agalnsL Lhe requlremenL of Lwo and LhaL noL consuLuLed a 8emunerauon Commluee, ln lmplemenLauon of Lhe Culdellnes on CorporaLe
Covernance for CÞSLs lssued by Lhe ueparLmenL of Þubllc LnLerprlses.
l furLher sLaLe LhaL such compllance ls nelLher an assurance as Lo Lhe fuLure vlablllLy of Lhe Company nor Lhe emclency or eñecuveness wlLh
Lhe managemenL has conducLed Lhe añalrs of Lhe Company.
(1.v. nA8A?nASWAM?)
CCMÞAn? SLC8L1A8?
1+1
I. LÇUI1¥ AND LIA8ILI1ILS
Shareho|ders' funds
(a) Share caplLal 2.1 30.64 30.64
(b) 8eserves and surplus 2.2 137.48 86.12
188.12 116.76
Non-current ||ab|||nes
(a) Long-Lerm borrowlngs 2.3 - -
(b) ueferred 8evenue 2.4 0.30 1.27
(c) CLher Long Lerm llablllues 2.3 7.46 23.37
(d) Long-Lerm provlslons 2.6 26.67 26.93
34.63 31.79
Current ||ab|||nes
(a) ShorL-Lerm borrowlngs 2.7 - -
(b) 1rade payables 2.8 9.12 2.23
(c) CLher currenL llablllues 2.9 833.68 622.33
(d) ShorL-Lerm provlslons 2.10 16.94 76.01
839.74 700.37

1ota| 1082.49 869.12
II. ASSL1S
Non-current assets
(a) llxed asseLs
(l) 1anglble asseLs 2.11 31.63 33.73
(ll) lnLanglble asseLs 2.12 4.90 3.31
(lll) CaplLal work ln progress 2.13 3.62 2.83
(lv) ConsLrucuon sLores 2.14 - 0.06
40.17 42.13

(b) ueferred Lax AsseLs (neL) 2.13 2.60 6.69
(c) Long-Lerm loans and advances 2.16 14.48 11.74

Current assets
(a) 1rade recelvables 2.17 4.37 6.17
(b) Cash and 8ank 8alances 2.18 889.31 673.09
(c) ShorL-Lerm loans and advances 2.19 103.33 97.77
(d) CLher currenL asseLs 2.20 28.03 29.33
1023.24 808.36
1ota| 1082.49 869.12
Accounnng Þo||c|es 1
Notes on Accounts 2
Notes referred above are |ntegra| part of the 8a|ance Sheet
Ior and on beha|f of the 8oard of D|rectors
(Þr|n Chaturved| ) (S. k. Soonee) ( k. 1. Agarwa| ) (k. N. Nayak)
Company Secretary Ch|ef Lxecunve Cmcer D|rector Cha|rman

As per our report of even date
Ior 8. C. Ia|n & Co.
Chartered Accountants
I|rm kegn. No. 001099 (C)
(kan[eet S|ngh)
Partner
Membersh|p No. 073488
Þlace : Curgaon
uaLe : 21
sL
!une, 2013
Descr|pnon
8a|ance Sheet as at 31
st
March 2013
(` ln Crore)
Note No.
As at 31
st

March, 2013
As at 31
st

March, 2012
1+Z
(` ln Crore)
I. kevenue from operanons 2.21 220.04 186.98
II. Cther |ncome 2.22 46.33 27.36
III. 1ota| kevenue (I + II) 266.37 214.34

IV. Lxpenses:
Lmployee beneñLs expense 2.23 83.23 74.22
llnance cosLs 2.24 (3.04) 3.74
uepreclauon and amoruzauon expense 2.23 12.27 20.11
Cperauon, MalnLenance and CLher AdmlnlsLrauve Lxpenses 2.26 48.33 40.14
1ota| expenses 138.81 140.21

V. Þroht before Þr|or per|od Items and tax (III - IV) 127.S6 74.13

VI. Þr|or per|od |tems 2.27 (2.79) (3.76)

VII. Þroht before tax (V - VI) 130.3S 79.89

VIII. 1ax expense:
(1) CurrenL Lax 40.06 32.71
(2) 1ax for earller years 0.33 -
(3) ueferred Lax 4.09 (3.34)
44.70 29.37
Ik. Þroht afer tax (VII - VIII) 8S.6S S0.S2
k. Larn|ngs per equ|ty share: (In ` per share)
(Iace Va|ue of ` 10]- each) 2.43
(1) 8aslc 26.39 16.49
(2) ulluLed 26.39 16.49
Accounnng Þo||c|es 1
Notes on Accounts 2
Notes referred above are |ntegra| part of the Statement of Þroht and Loss
Descr|pnon
Statement of Þroht and Loss for the year ended 31
st
March, 2013
Note No.
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
Ior and on beha|f of the 8oard of D|rectors
(Þr|n Chaturved| ) (S. k. Soonee) ( k. 1. Agarwa| ) (k. N. Nayak)
Company Secretary Ch|ef Lxecunve Cmcer D|rector Cha|rman

As per our report of even date
Ior 8. C. Ia|n & Co.
Chartered Accountants
I|rm kegn. No. 001099 (C)
(kan[eet S|ngh)
Partner
Membersh|p No. 073488
Þlace : Curgaon
uaLe : 21
sL
!une, 2013
1+J
A. CASn ILCW IkCM CÞLkA1ING AC1IVI1ILS
neL ÞroñL 8efore 1ax 126.18 79.89
Ad[ustment for :
uepreclauon 12.27 20.11
1ransfer from CranLs ln Ald (0.77) (0.73)
neL Loss on ulsposal/WrlLe oñ of llxed AsseLs 0.06 0.03
lnLeresL and llnance Charges (3.04) 3.74
lnLeresL on 8ank llexl ueposlLs (34.87) -
Þrovlslons wrlLe back - (0.01)
Cperanng proht before Work|ng Cap|ta| Changes 97.83 10S.0S
Ad[ustment for :
lncrease/(uecrease) ln CLher Long 1erm Llablllues (16.11) 3.43
lncrease/(uecrease) ln Long 1erm Þrovlslons (0.28) 3.23
lncrease/(uecrease) ln CLher Long 1erm 8orrowlngs - (49.04)
(lncrease)/uecrease ln 1rade and oLher 8ecelvables 1.39 0.38
lncrease/(uecrease) ln 1rade Þayables & currenL llablllues 218.24 (329.00)
lncrease/(uecrease) ln ShorL 1erm Þrovlslons (8.89) 3.63
(lncrease)/uecrease ln CLher currenL asseLs (0.38) (2.08)
(lncrease)/uecrease ln Long 1erm Loans and Advances (2.73) 13.04
(lncrease)/uecrease ln 1rade 8ecelvables - 68.30
(lncrease)/uecrease ln ShorL 1erm Loans and Advances (33.49) (9.00)
1S7.93 (292.87)
ulrecL Laxes pald (63.94) (67.03)
Net Cash from operanng acnv|nes 191.82 (2S4.87)

8. CASn ILCW IkCM INVLS1ING AC1IVI1ILS
(lncrease)/uecrease ln 1anglble and lnLanglble AsseLs (7.44) (8.26)
(lncrease)/uecrease ln Work ln Þrogress (2.99) (2.14)
(lncrease)/uecrease ln ConsLrucuon SLores 0.06 -
lnLeresL on 8ank llexl ueposlLs 36.76 -
Net cash used |n |nvesnng acnv|nes 26.39 (10.40)

C. CASn ILCW IkCM IINANCING AC1IVI1ILS
Loans ralsed/(repald) durlng Lhe year - (40.31)
ulvldend pald (10.73) (7.66)
ulvldend Lax pald (2.48) (0.30)
lnLeresL and llnance Charges Þald 3.03 (3.74)
Net Cash from I|nanc|ng Acnv|nes (8.16) (S4.21)
Þarncu|ars
Cash I|ow Statement Ior 1he ¥ear Lnded 31
st
March, 2013
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(` ln Crore)
1++
Þarncu|ars
CASn ILCW S1A1LMLN1 ICk 1nL ¥LAk LNDLD 31st MAkCn, 2013 (contd...)
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(` ln Crore)
D. NL1 SUkÞLUS UNDLk kLC MLCnANISM kLGULA1ICN 4.17 -
L. Net change |n Cash and Cash equ|va|ents(A+8+C+D) 214.22 (319.48)
I. Cash and Cash equ|va|ents(Cpen|ng ba|ance) 673.09 994.37
G. Cash and Cash equ|va|ents(C|os|ng ba|ance) (L+I) 889.31 67S.09
Note:
1. Cash and cash equ|va|ents cons|sts of Cash |n hand and ba|ances w|th banks.
Cash and cash equ|va|ents |nc|uded |n the cash ßow statement compr|se of
fo||ow|ng ba|ance sheet amounts as per Note 2.18.
Cash and cash equlvalenLs 703.90 238.30
CLher 8ank balances (*) 183.41 416.39
889.31 67S.09
(*) AmounLs avallable for speclñc use only
ln deslgnaLed currenL accounLs/ßexl deposlL accounLs operaLed and
malnLalned ln Lerms of CL8C regulauons (refer noLe 2.30 ) 177.13 416.39
ln llexl ueposlL accounLs -8LC (refer noLe 2.36) 6.28 -
183.41 416.S9
2. Þrev|ous year hgures have been re-grouped ]re-arranged wherever necessary.
Ior and on beha|f of the 8oard of D|rectors
(Þr|n Chaturved| ) (S. k. Soonee) ( k. 1. Agarwa| ) (k. N. Nayak)
Company Secretary Ch|ef Lxecunve Cmcer D|rector Cha|rman

As per our report of even date
Ior 8. C. Ia|n & Co.
Chartered Accountants
I|rm kegn. No. 001099 (C)
(kan[eet S|ngh)
Partner
Membersh|p No. 073488
Þlace : Curgaon
uaLe : 21
sL
!une, 2013
1+5
1.1 8ASIS CI ÞkLÞAkA1ICN CI IINANCIAL S1A1LMLN1S
1he ñnanclal sLaLemenLs are prepared on accrual basls of accounung under hlsLorlcal cosL convenuon and ln accordance wlLh
generally accepLed accounung prlnclples ln lndla and Lhe relevanL provlslons of Lhe Companles AcL, 1936 lncludlng Accounung
SLandards nouñed Lhere under.
1.2 USL CI LS1IMA1LS
1he preparauon of Lhe ñnanclal sLaLemenLs requlres esumaLes and assumpuons LhaL añecL Lhe reporLed amounL of asseLs,
llablllues, revenue and expenses durlng Lhe reporung perlod. AlLhough such esumaLes and assumpuons are made on reasonable
and prudenL basls Laklng lnLo accounL all avallable lnformauon, acLual resulLs could dlñer from Lhese esumaLes and assumpuons
and such dlñerences are recognlzed ln Lhe perlod ln whlch Lhe resulLs are crysLalllzed.
1.3 kLSLkVLS AND SUkÞLUS
Load uespaLch and Communlcauon uevelopmenL fund ls creaLed ln Lerms of CenLral LlecLrlclLy 8egulaLory Commlsslon (fees
and charges of Lhe 8eglonal Load uespaLch CenLre and oLher relaLed mauers) 8egulauons 2009. ln Lerms of clause 9(2) of Lhe
regulauons, Lhe charges on accounL of reLurn on equlLy, lnLeresL on loan, depreclauon and oLher lncome of Lhe 8eglonal Load
uespaLch CenLres and nLuC such as reglsLrauon fee, appllcauon fee, shorL Lerm open access charges eLc. shall be deposlLed Lo
Lhe LuC developmenL fund. 1he funds shall be uullsed for loan repaymenL, servlclng Lhe caplLal ralsed ln Lhe form of lnLeresL
and dlvldend paymenL, meeung supulaLed equlLy poruon ln asseL creauon and margln money for ralslng loan from ñnanclal
lnsuLuuons and fundlng of expendlLure Lowards CorporaLe Soclal 8esponslblllLy (CS8), SusLalnable uevelopmenL (Su) acuvlues
and 8esearch & uevelopmenL (8&u) Þro[ecLs and lncome 1ax payable, lf any. Any asseL creaLed ouL of Lhe money deposlLed Lo Lhe
LuC developmenL fund shall noL be consldered for compuLauon of Lhe reLurn on equlLy and lnLeresL on loan.
1.4 GkAN1S IN AID
1.4.1 CranLs ln ald recelved from CenLral CovL or oLher auLhorlues Lowards caplLal expendlLure for pro[ecLs, beuermenL of sysLem
operauon and speclñc depreclable asseLs are shown as ºCranLs-ln-ald" ull Lhe uullsauon of granL.
1.4.2 Cn caplLallsauon of relaLed asseLs, granL recelved for speclñc depreclable asseLs are LreaLed as deferred lncome and recognlsed
ln Lhe proñL and loss accounL over Lhe useful perlod of llfe and ln proporuon Lo whlch depreclauon on Lhese asseLs ls provlded.
1.S IIkLD ASSL1S
llxed asseLs are shown aL hlsLorlcal cosL comprlslng of purchase prlce and any aurlbuLable cosL of brlnglng Lhe asseLs Lo lLs
worklng condluon for lnLended use
1.6 CAÞI1AL WCkk IN ÞkCGkLSS
1.6.1 CosL of maLerlal consumed, erecuon charges Lhereon along wlLh oLher relaLed expenses lncurred for Lhe pro[ecLs are shown as
CWlÞ ull caplLallsauon.
1.6.2 lnLeresL durlng consLrucuon ls apporuoned Lo CaplLal Work ln Þrogress (CWlÞ) on Lhe closlng balance of speclñc asseL or parL of
asseL belng caplLallzed. 8alance, lf any, leû aûer such caplLallzauon ls kepL as a separaLe lLem under Lhe CWlÞ
1.7 IN1ANGI8LL ASSL1S
1he cosL of soûware (whlch ls noL an lnLegral parL of Lhe relaLed hardware) acqulred for lnLernal use and resulung ln slgnlñcanL
fuLure economlc beneñLs, ls recognlzed as lnLanglble asseLs ln Lhe books of accounLs when Lhe same ls ready for lLs use.
1.8 CCNS1UC1ICN S1CkLS
ConsLrucuon sLores are valued aL cosL.
1.9 8CkkCWING CCS1
1.9.1 All Lhe borrowed funds (excepL shorL Lerm funds for worklng caplLal) are earmarked Lo speclñc pro[ecLs. 1he borrowlng cosLs
(lncludlng lnLeresL and guaranLee fee eLc.) are allocaLed Lo Lhe pro[ecLs ln proporuon Lo Lhe funds so earmarked.
1.9.2 1he borrowlng cosLs so allocaLed are caplLallsed or charged Lo revenue, based on wheLher Lhe pro[ecL ls under consLrucuon or
ln operauon.
1.10 1kANSAC1ICNS IN ICkLIGN CUkkLNC¥
1.10.1 1ransacuons ln forelgn currencles are recorded aL Lhe exchange raLe prevalllng on Lhe daLe of Lransacuon. lorelgn currency loans,
deposlLs and llablllues are LranslaLed or converLed wlLh reference Lo Lhe raLes on Lhe daLe of Lhe balance sheeL
1.10.2 lorelgn Lxchange 8aLe varlauon (lL8v) arlslng on seulemenL/Lranslauon of forelgn currency loans are shown as recoverable from
consuLuenLs.
Note 1 - Accounnng Þo||c|es
1+ë
1.10.3 lL8v arlslng ouL of seulemenL/Lranslauon of long Lerm moneLary lLems (oLher Lhan forelgn currency Loans) relaung Lo ñxed
asseLs/CWlÞ are ad[usLed ln Lhe carrylng cosL of relaLed asseLs
1.10.4 CLher exchange dlñerences are recognlzed as lncome or expense ln Lhe perlod ln whlch Lhey arlse.
1.11 kLVLNUL kLCCGNI1ICN
1.11.1 SysLem operauon and MarkeL operauon charges comprlslng 8LuC fees and charges are recognlsed on Lhe basls of Larlñ approved
by CenLral LlecLrlclLy 8egulaLory Commlsslon(CL8C). Puman 8esource and Cperauon and MalnLenance expenses componenL of
Larlñ are accounLed on Lhe basls of acLual expendlLure. Charges Lowards pro[ecLed caplLal expendlLure are resLrlcLed Lo charges
based on acLual caplLal expendlLure.
Any excess ln collecuon of SysLem Cperauon and MarkeL Cperauon charges over Lhe revenue recognlsed ls Lransferred Lo Lhe
llablllLy Lo be ad[usLed on 1rulng up exerclse by Lhe CL8C aûer Lhe explry of Lhe conLrol perlod.
1.11.2 lncome from ShorL 1erm Cpen Access (S1CA) ls accounLed for on Lhe basls of regulauons nouñed by CL8C. lncome on accounL
of operaung charges, schedullng and sysLem operauon charges from ShorL 1erm Cpen Access (S1CA) ln Lerms of Lhe CenLral
LlecLrlclLy 8egulaLory Commlsslon (Cpen Access ln lnLer SLaLe Lransmlsslon), 8egulauons ls accounLed for as and when Lhe bllaLeral
/collecuve Lransacuons Lake place.
1.11.3 non-refundable appllcauon money from Lhe ShorL 1erm Cpen Access (S1CA) ls accounLed as lncome on recelpL of appllcauon
along wlLh Lhe fees.
1.11.4 1ransmlsslon charges collecLed for Lhe dlsbursemenL Lo S1us/C1us/SL8s from Lhe ShorL 1erm Cpen Access (S1CA) are passed on
Lo Lhe respecuve S1us/C1us/SL8s. 1he unpald amounL as aL balance sheeL daLe ls deplcLed as llablllLy.
1.11.3 Supervlslon Charges
Cverhead charges on accounL of supervlslon of SCAuA Annual MalnLenance Charges are accounLed on accrual basls.
1.11.6 8eglsLrauon fees
Cne ume reglsLrauon fees of new users and power exchanges ls accounLed for on recelpL basls.
1.11.7 LlquldaLed damages/warranLy clalms and lnLeresL on advances Lo suppllers are accounLed for on cerLalnLy.
1.11.8 8ank lnLeresL earned on Lhe ñxed deposlLs lylng ln unscheduled lnLerchange Þool AccounL lund, Congesuon Charges AccounL,
8eacuve Lnergy Charges AccounL and lnLer 8eglonal Lxchange AccounL are credlLed dlrecLly Lo respecuve fund accounL.
1.11.9 Surcharge ls belng accounLed for when no slgnlñcanL uncerLalnLy as Lo measurablllLy and collecLablllLy exlsLs.
1.12 DLÞkLCIA1ICN
1.12.1 1he depreclauon has been provlded on SLralghL Llne MeLhod aL Lhe raLes and meLhodology speclñed ln Lhe norms nouñed by CL8C
for Lhe purpose of recovery of 8LuC fees and charges. WlLh eñecL from 01/04/2009 (eñecuve daLe of CL8C 8egulauons, 2009),
useful llfe has been consldered/worked ouL prospecuvely based on unamoruzed balance of such asseL on Lhe basls of Lhe raLe of
depreclauon speclñed by CL8C, excepL for moblle phones whlch have been depreclaLed aL 33.33°.
1.12.2 Where Lhe cosL of depreclable asseL has undergone a change due Lo lncrease/decrease ln long Lerm llablllues on accounL
of exchange raLe ßucLuauon, prlce ad[usLmenL, change ln duues or slmllar facLors, Lhe unamoruzed balance of such asseL ls
depreclaLed prospecuvely over Lhe resldual llfe.
1.12.3 AsseLs cosung ` 3,000/- or less or where Lhe wrluen down value ls ` 3,000/- or less aL Lhe beglnnlng of Lhe year, are charged Lo
revenue.
1.13 LkÞLNDI1UkL
1.13.1 Þre-pald /prlor perlod expenses / lncome of lLems of ` 1,00,000/- and below are charged Lo naLural heads of accounLs.
1.13.2 LxpendlLure of research and developmenL, oLher Lhan CaplLal LxpendlLure, are charged Lo revenue ln Lhe year of lncurrence.
1.13.3 CaplLal expendlLure lncurred on asseLs noL owned by Lhe company ls charged oñ Lo revenue as and when lncurred.
1.14 IMÞAIkMLN1 CI ASSL1S
Cash generaung unlLs as deñned ln AS-28 on ºlmpalrmenL of AsseLs" are deñned aL Lhe balance sheeL daLe wlLh respecL Lo
carrylng amounL vls-a-vls recoverable amounL Lhereof and lmpalrmenL loss, lf any, ls recognlsed ln Lhe sLaLmenL of proñL & loss.
lmpalrmenL loss, lf need Lo be reversed subsequenLly, ls accounLed for ln Lhe year of reversal.
1.1S LMÞLC¥LL 8LNLII1S
1.13.1 1he llablllLy for reuremenL beneñLs of employees ln respecL of graLulLy, whlch ls ascerLalned annually on acLuarlal valuauon aL Lhe
year end, ls provlded and funded separaLely.
1+ì
1.13.2 1he llablllLy for compensaLed absence (boLh for earned & half pay leave), leave encashmenL, posL reuremenL medlcal beneñLs &
seullng allowance Lo employees are ascerLalned annually on acLuarlal valuauon aL Lhe year end and provlded for.
1.13.3 AcLuarlal galns/losses are recognlzed lmmedlaLely ln Lhe SLaLemenL of ÞroñL & Loss.
1.16 ÞkCVISICNS AND CCN1INGLN1 LIA8ILI1ILS
A provlslon ls recognlsed when Lhe company has a presenL obllgauon as a resulL of pasL evenL and lL ls probable LhaL an ouulow
of resources wlll be requlred Lo seule Lhe obllgauon, ln respecL of whlch a rellable esumaLe can be made based on Lechnlcal
valuauon and pasL experlence. Þrovlslons are noL dlscounLed Lo lLs presenL value and are deLermlned based on managemenL
esumaLe requlred Lo seule Lhe obllgauon aL Lhe balance sheeL daLe. no provlslon ls recognlsed for llablllues whose fuLure ouLcome
cannoL be ascerLalned wlLh reasonable esumaLe. Such conungenL llablllues are noL recognlsed buL are dlsclosed ln Lhe schedule of
conungenL llablllLy on Lhe basls of [udgemenL of Lhe managemenL/ lndependenL experL. 1hese are revlewed aL each balance sheeL
daLe and ad[usLed Lo reßecL Lhe currenL managemenL esumaLe.
1.17 INCCML 1Ak
lncome Lax comprlses of currenL and deferred Laxes. CurrenL lncome Laxes are measured aL Lhe amounL expecLed Lo be pald
Lo Lhe lncome Lax auLhorlues ln accordance wlLh lncome 1ax AcL, 1961. ueferred Lax resulung from umlng dlñerence beLween
accounung and Laxable proñL ls accounLed for uslng Lhe Lax raLes and Lhe Lax laws enacLed or subsLanuvely enacLed aL Lhe balance
sheeL daLe. ueferred Lax asseLs are recognlsed only Lo Lhe exLenL LhaL Lhere ls reasonable cerLalnLy LhaL sumclenL fuLure Laxable
lncome wlll be avallable agalnsL whlch such deferred Lax asseLs can be reallzed.
1+e
Descr|pnon
Descr|pnon
Þarncu|ars
Note 2.1 - Share cap|ta|
Note 2.2 - keserves and surp|us
As at 31
st
March, 2013 As at 31
st
March, 2012
As at 31
st

March,2013
No.of Shares ( ` |n crore) No.of Shares ( ` |n crore)
As at 31
st
March, 2013 As at 31
st
March, 2012
As at 31
st

March, 2012
Lqu|ty Share Cap|ta|
Author|sed Cap|ta|
200000000 (Þrevlous ?ear 200000000) equlLy shares of ` 10/- each 200.00 200.00
Issued, Subscr|bed and pa|d-up
30640000 (Þrevlous ?ear 30640,000) equlLy shares of ` 10/-each fully pald up 30.64 30.64
1ota| 30.64 30.64
Iurther Notes:
1) 8econclllauon of number and amounL of share caplLal ouLsLandlng aL Lhe beglnnlng and aL Lhe end of Lhe reporung perlod
Shares ouLsLandlng aL Lhe beglnnlng of Lhe year 30640000 30.64 30640000 30.64
Shares lssued durlng Lhe year nlL nlL nlL nlL
Shares boughL back durlng Lhe year nlL nlL nlL nlL
Shares ouLsLandlng aL Lhe end of Lhe year 30640000 30.64 30640000 30.64
2) 1he holders of equlLy shares are enuLled Lo recelve dlvldends as declared from ume Lo ume and are enuLled Lo one voLe per share aL
meeungs of Lhe Company.
3) 30640000 (Þrevlous ?ear 30640000) equlLy shares are held by Þowergrld Corporauon of lndla LlmlLed-Poldlng Company and lLs
nomlnees.
4) CuL of above 30390000 (Þrevlous ?ear 30390000) equlLy shares of `10 /- each have been allocaLed as fully pald shares, ln pursuanL Lo
agreemenL Lo sell asseLs wlLhouL conslderauon belng recelved ln cash.
Corporate Soc|a| kespons|b|||ty( CSk) Acnv|ty keserve
As per lasL balance sheeL - -
Addluons durlng Lhe year 0.46 -
ueducuons durlng Lhe year - -
Closlng 8alance 0.46 -

Genera| keserve
As per lasL balance sheeL 3.20 -
Addluons durlng Lhe year 8.60 3.20
ueducuons durlng Lhe year - -
Closlng 8alance 13.80 S.20

kLC Iund
As per lasL balance sheeL - -
Addluons durlng Lhe year 4.17 -
ueducuons durlng Lhe year - -
Closlng 8alance 4.17 -

Load Despatch & Commun|canon Deve|opment (LDC ) Iund
As per LasL 8alance SheeL 70.24 46.29
Addluons durlng Lhe year 32.04 23.93
ueducuons durlng Lhe year - -
Closlng 8alance 102.28 70.24
(` ln Crore)
(` ln Crore)
1+J
Descr|pnon
Descr|pnon
Descr|pnon
Descr|pnon
Note 2.2 - keserves and surp|us (Contd...)
As at 31
st

March,2013
As at 31
st

March, 2012
Surp|us (8a|ance |n Statement of Þroht and Loss)
As per lasL balance sheeL 10.68 -
Add: ÞroñL Aûer Lax as per SLaLemenL of ÞroñL and Loss 83.63 30.32
Less: Appropr|anons
CorporaLe Soclal 8esponslblllLy (CS8) Acuvlues 8eserve 0.46 -
LuC uevelopmenL 8eserve 32.04 23.93
Ceneral 8eserve 8.60 3.20
8LC 8eserve 4.17 -
lnLerlm dlvldend pald 6.13 4.60
ulvldend Lax on lnLerlm ulvldend 0.99 0.74
Þroposed llnal ulvldend 6.13 4.60
ulvldend Lax on Þroposed ulvldend 1.04 0.73
Closlng 8alance 36.77 10.68
1C1AL 1S7.48 86.12
(` ln Crore)
CranLs ln ald 0.30 1.27
1C1AL 0.S0 1.27
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.4 - Deferred kevenue
(` ln Crore)
As at 31
st

March,2013
As at 31
st

March, 2012
(` ln Crore)
Descr|pnon
Note 2.3-Long-term borrow|ngs
- - -
- - -
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.S - Cther Long term ||ab|||nes
l) ueposlLs/ 8eLenuon money from conLracLors and oLhers. 0.71 2.44
ll) LlablllLy on accounL of 1rulng up (refer noLe no.2.39 of CLher noLes on AccounLs) 6.73 19.81
lll) uues for CaplLal LxpendlLure - 0.76
lv) CLhers - 0.36
1ota| 7.46 23.S7
(` ln Crore)
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.6 - Long-term prov|s|ons
Lmp|oyee 8enehts
As per lasL balance sheeL 26.93 23.70
Addluons durlng Lhe year 6.30 3.23
AmounLs uullsed/pald durlng Lhe year 6.78 -
1C1AL 26.67 26.9S
(` ln Crore)
15J
As at 31
st

March,2013
As at 31
st

March, 2012
(` ln Crore)
Descr|pnon
Descr|pnon
Descr|pnon
Descr|pnon
Note 2.7 - Short-term borrow|ngs
- - -
- - -
As at 31
st

March, 2013
As at 31
st

March, 2012
Note 2.8 - 1rade payab|es
lor goods and servlces 9.12 2.23
1ota| 9.12 2.23
Iurther Notes :
8ased on lnformauon avallable wlLh Lhe company, Lhere are no suppllers/servlce provlders who are reglsLered as mlcro, small or medlum
enLerprlses under º1he Mlcro, Small and Medlum LnLerprlses uevelopmenL AcL, 2006" as on 31sL March 2013 and as on 31sL March 2012.
(` ln Crore)
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.9 - Cther current ||ab|||nes
l) Lmployee relaLed llablllLy 0.83 0.13
ll) ueposlLs/8eLenuon money from conLracLors and oLhers. 2.33 -
lll) Advances from CusLomers 337.33 189.48
lv) CLhers 4.71 4.89
v) CLher Llablllues- 1hlrd ÞarLy (neL) 203.73 426.64
(Llablllues ln respecL of ueslgnaLed accounLs operaLed and
malnLalned ln Lerms of CL8C 8egulauons
(8efer noLe no.2.30 of CLher noLes on AccounLs)
vl) SLaLuLory uues 4.40 1.19
vll) 8elaLed parues -Poldlng Company 60.29 -
1ota| 833.68 622.33
(` ln Crore)
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.10 - Short-term prov|s|ons
A) Þrov|s|on for Lmp|oyee 8enehts
|) 1ransm|ss|on |ncennve]spec|a| |ncennve
As per lasL balance sheeL 10.48 8.76
Addluon durlng Lhe year 13.16 9.30
AmounL pald/ad[usLed durlng Lhe year 13.99 7.38
Closlng 8alance 7.63 10.48
||) Þrov|s|on for Wage rev|s|on
As per lasL balance sheeL 6.13 3.08
Addluons durlng Lhe year - 3.07
AmounLs uullsed/pald durlng Lhe year 6.13 -
Closlng 8alance - 6.13
|||) Cther Lmp|oyee 8enehts (Leave Lncashment, Seu|ement A||owance,
Þost kenrement Med|ca| 8enehts etc.)
As per lasL balance sheeL 2.03 1.18
(` ln Crore)
151
Descr|pnon
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.10 - Short-term prov|s|ons (contd...)
(` ln Crore)
Addluons durlng Lhe year 2.01 2.79
AmounLs uullsed/pald durlng Lhe year 1.92 1.94
Closlng 8alance 2.12 2.03
1ota| (A) 9.77 18.66

8) Cthers
|) 1axanon
As per lasL balance sheeL 31.26 18.33
Addluons durlng Lhe year 40.61 32.71
AmounL ad[usLed durlng Lhe year - -
neL of agalnsL 1axes pald (8efer noLe no. 2.19) 91.87 -
Closlng 8alance - 31.26
||) Þroposed D|v|dend
As per lasL balance sheeL 4.60 3.06
Addluons durlng Lhe year 12.26 9.20
AmounLs pald durlng Lhe year 10.73 7.66
Closlng 8alance 6.13 4.60
|v) D|v|dend 1ax
As per lasL balance sheeL 1.49 0.30
Addluons durlng Lhe year 2.03 1.49
AmounLs pald durlng Lhe year 2.48 0.30
Closlng 8alance 1.04 1.49
1ota| (8) 7.17 S7.3S
1ota| (A+8) 16.94 76.01
C|v|| Works
a) 8LuCs 9.87 0.61 - (0.10) 10.38 1.90 0.23 - - 2.13 8.43 7.97
b) 1ownshlp 0.03 - - - 0.03 0.01 - - - 0.01 0.04 0.04
1emporary Lrecuon 0.11 - - - 0.11 0.11 - - - 0.11 - -
WaLer Supply uralnage
& Sewerage 0.04 0.03 - - 0.07 - 0.01 - - 0.01 0.06 0.04
Þ|ant & Mach|nery
a) 8LuCs 2.67 0.19 - - 2.86 0.81 0.14 - - 0.93 1.91 1.86
b) uLuC 33.84 0.68 0.04 (0.34) 37.02 40.70 6.77 0.01 - 47.46 9.36 13.14
c) Communlcauon 0.32 - - - 0.32 0.20 0.03 - 0.01 0.22 0.30 0.32
lurnlLure llxLures*** 7.69 0.06 0.02 (0.01) 7.74 2.99 0.61 0.03 - 3.37 4.17 4.70
Cmce equlpmenL 2.46 0.31 0.03 - 2.72 0.98 0.19 0.02 - 1.13 1.37 1.48
LlecLronlc uaLa
Þrocesslng & Word
Þrocesslng Machlnes 8.42 1.99 0.10 0.33 9.98 4.33 1.17 0.08 0.16 3.26 4.72 4.09
vehlcles 0.01 - - - 0.01 - - - - - 0.01 0.01
Descr|pnon
Gross 8|ock Deprec|anon]Amornsanon Net 8|ock
As at 31
st

March,
2012
As at 31
st
March,
2013
As at 31
st
March,
2013
Sa|e ]
D|sposa|
dur|ng
the year
Add|tons
dur|ng the
year
Upto 31
st

March,
2012
As at 31
st
March,
2013
Ad[ustment
dur|ng
the year
Add|tons
dur|ng
the year
As at 1
st

Apr||,
2012
Sa|e ]
D|sposa|
dur|ng
the year
Ad[ustment
dur|ng
the year
Note 2.11 - 1ang|b|e assets
(` ln Crore)
15Z
ConsLrn. and
Workshop equlpmenL 0.01 - - - 0.01 0.01 - - - 0.01 - -
LlecLrlcal lnsLallauon 0.10 0.79 - - 0.89 0.04 0.01 - - 0.03 0.84 0.06
Mlscellaneous AsseLs
/LqulpmenLs 0.11 - - - 0.11 0.09 - - - 0.09 0.02 0.02
1ota| 87.90 4.66 0.21 (0.32) 92.67 S2.17 9.16 0.14 0.17 61.02 31.6S 3S.73
Þrevlous ?ear 83.23 3.03 0.01 0.38 87.89 42.73 9.92 - 0.47 32.18 33.71 42.32
***
Note:
1he Ad[usLmenLs ln Cross 8lock & uepreclauon ln above uaLa lncludes AmounL 8elaung Lo 8LC -
1) Cross 8lock 0.01
2) AccumulaLed uepreclauon -
3) neL 8lock 0.01
Descr|pnon
Gross 8|ock Deprec|anon]Amornsanon Net 8|ock
As at 31
st

March,
2012
As at 31
st
March,
2013
As at 31
st
March,
2013
Sa|e ]
D|sposa|
dur|ng
the year
Add|tons
dur|ng the
year
Upto 31-
Mar- 2012
As at 31
st
March,
2013
Ad[ustment
dur|ng
the year
Add|tons
dur|ng
the year
As at 1
st

Apr||,
2012
Sa|e ]
D|sposa|
dur|ng
the year
Ad[ustment
dur|ng
the year
Note 2.11 - 1ang|b|e assets (contd...)
(` ln Crore)
Descr|pnon
Gross 8|ock Deprec|anon]Amornsanon Net 8|ock
As at 31
st

March,
2012
As at 31
st
March,
2013
As at 31
st
March,
2013
Sa|e]
D|sposa|
dur|ng
the year
Add|tons
dur|ng the
year
Upto 31
st

March,
2012
As at 31
st
March,
2013
Ad[ustment
dur|ng
the year
Add|tons
dur|ng
the year
As at 1
st

Apr||,
2012
Sa|e ]
D|sposa|
dur|ng
the year
Ad[ustment
dur|ng
the year
Note 2.12 - Intang|b|e assets
(` ln Crore)
SCAuA Soûware 191.47 1.26 - (0.12) 192.83 189.49 2.12 - - 191.61 1.24 1.98
LlecLronlc uaLa
Þrocesslng Soûware*** 2.12 2.84 - (0.62) 3.38 0.39 0.99 - (0.34) 1.92 3.66 1.33
1ota| 193.S9 4.10 - (0.74) 198.43 190.08 3.11 - (0.34) 193.S3 4.90 3.S1
Þrevlous ?ear 191.33 1.98 - (0.08) 193.39 182.91 10.18 - 3.01 190.08 3.31 8.62
***
Note:
1he Ad[ustments |n Gross 8|ock & Deprec|anon |n above Data |nc|udes Amount ke|anng to kLC -
1) Gross 8|ock 0.30
2) Accumu|ated Deprec|anon 0.18
3) Net 8|ock 0.12
Descr|pnon
As at 31
st

March, 2013
Cap|ta||sed
dur|ng the year
As at 1
st

Apr||, 2012
Add|nons
dur|ng the
year
Ad[ustments
dur|ng the
year
Note 2.13 - Cap|ta| work |n progress
(` ln Crore)
C|v|| Works
8eglonal Load uespaLch CenLre & Cmce (lncl. clvll work) 0.60 0.24 0.08 0.64 0.12
1ownshlp - 0.30 - - 0.30
Þ|ant & Lqu|pments (|nc|ud|ng assoc|ated c|v|| works)
uLuC 2.21 2.33 - 1.36 3.20
lncldenLal LxpendlLure durlng ConsLrucuon 0.02 - 0.02 - -
1C1AL 2.83 3.09 0.10 2.20 3.62
Descr|pnon
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.14 - Construcnon stores
(` ln Crore)
ConsLrucuon SLores - 0.06
1C1AL - 0.06
15J
Descr|pnon
Descr|pnon
Descr|pnon
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.1S - Deferred tax Assets (Net)
Deferred 1ax Asset
Lmployee 8eneñLs-Leave encashmenL, lncenuve u/s 438 lncludlng Wage 8evlslon Þrovlslon 8.36 11.28
Þrovlslons 0.03 0.01
lnLeresL on 1rulng up - 1.37
Sub-tota| (A) 8.39 12.86

Deferred 1ax L|ab|||ty
1owards llxed AsseLs (neL ) 3.79 6.17
Sub-tota| (8) S.79 6.17
Net Deferred 1ax Assets (A-8) 2.60 6.69
(` ln Crore)
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.16 - Long-term |oans and advances
(unsecured Consldered good unless oLherwlse sLaLed) (` ln Crore)
Cther |oans and advances
|) Lmp|oyees (|nc|ud|ng Interest Accrued)
a) Secured Consldered good 6.32 6.17
b) unsecured - Consldered good 0.38 0.42
- Consldered doubuul 0.03 0.03
6.93 6.64
Less: Þrovlslon for 8ad & uoubuul Advances 0.03 0.03
6.90 6.39
||) Advances recoverab|e |n cash or |n k|nd or for va|ue to
be rece|ved (Unsecured cons|dered good)
a) ConLracLors & Suppllers 0.39 0.01
b) Lmployees 0.30 0.99
c) CaplLal Advance -Poldlng Company 4.91 -
d) CLhers 1.83 2.38
e) CLhers-1hlrd ÞarLy - 1.61
f) 8alance wlLh CusLoms ÞorL 1rusL and oLher auLhorlues 0.13 0.16
7.38 3.13
14.48 11.74
1ota| 14.48 11.74
Due from
ulrecLors - -
Cmcers 0.66 0.60
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.17 - 1rade rece|vab|es
(` ln Crore)
|) Debts Cutstand|ng for a per|od exceed|ng S|x Months
Consldered Cood 1.10 3.14
Consldered uoubuul 0.04 0.03
||) Cther Debts 3.47 3.03
4.61 6.20
Less: Þrovlslon for bad & doubuul debLs 0.04 0.03
1ota| 4.S7 6.17
(unsecured Consldered good unless oLherwlse sLaLed)
15+
Descr|pnon
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.18 - Cash and 8ank ba|ances
(` ln Crore)
1) Cash and Cash Lqu|va|ents
8alance wlLh 8anks
-ln CurrenL AccounLs / llexl deposlL AccounLs 643.89 231.40
-ln LuC uevelopmenL AccounL 62.00 27.10
Cash on hand - -
uraûs/Cheques ln Pand 0.01 -
SLamps and lmpresL - -
70S.90 2S8.S0
2) Cther 8ank 8a|ances
-ln ueslgnaLed CurrenL AccounLs / llexl ueposlL accounLs operaLed & malnLalned
ln Lerms of CL8C regulauons (8efer noLe no. 2.30 of CLher noLes on AccounLs) 177.13 416.39
-ln llexl ueposlL accounLs -kLC (kefer Note no.2.36 of Cther Notes on Accounts) 6.28 -
183.41 416.S9
1C1AL 889.31 67S.09
Descr|pnon
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.19 - Short-term |oans and advances
(` ln Crore)
A) Loans
a) Lmp|oyees |nc|ud|ng |nterest accrued
Secured consldered good 1.21 1.47
unsecured consldered good 0.23 -
1.44 1.47
b) ke|ated parnes
Poldlng Company 13.26 7.83
1ota|(A) 16.70 9.32

8) Advances recoverab|e |n cash or |n k|nd or for va|ue to be rece|ved
Lmployees 0.97 1.13
ConLracLors & Suppllers 6.02 0.17
ln ueslgnaLed A/c 21.03 -
ConLracLors & Suppllers- kLC (kefer Note no.2.36
of Cther Notes on Accounts) 0.11 -
Advance 1ax & 1uS 149.98 86.03
Less : Þrovlslon for 1axauon (8efer noLe no. 2.10) 91.87 38.11
CLhers 0.39 1.10
83.66 87.32
1ota| (8) 86.63 88.4S

1ota|(A+8) 103.33 97.77
ulrecLors - -
Cmcers 0.41 0.41
155
Descr|pnon
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.20 - Cther current assets
(` ln Crore)
a) lnLeresL accrued buL noL due
lnLeresL accrued on llexl ueposlLs wlLh 8ank 11.83 9.68
lnLeresL accrued on llexl ueposlL wlLh ueposlLs-ln ueslgnaLed A/c 0.23 4.30
lnLeresL accrued on llexl ueposlLs- kLC (kefer Note no.2.36 of Cther Notes on Accounts) 0.02 -

b) CLhers (unbllled uebLors) 13.93 13.33
1ota| 28.03 29.S3
Descr|pnon
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
Note 2.21 - kevenue from operanons
(` ln Crore)
A. Sa|es of serv|ces
l) 8evenue from SysLem and MarkeL Cperauon (Cross) 191.19 176.68
ll) ueferred 1ax lncome - 13.23
Less: 1rulng up Ad[usLmenL (neL) 4.67 33.39
neL 8evenue 186.32 138.34
8. Short 1erm Cpen Access-Cther Charges 32.42 23.44
C. keg|stranon Money 1.10 3.00
1ota| 220.04 186.98
Note:
1ru|ng up Ad[ustment for the year |s aher reversa| of 1ru|ng up of ear||er year amounnng to ` 24.87 Crore
Descr|pnon
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
Note 2.22 - Cther |ncome
(` ln Crore)
A) Interest from
lndlan 8anks 34.87 23.93
Lmployees Loans and CLhers 0.37 0.36
1ota| (A) 3S.24 24.29

8) Cthers
ConsulLancy Þro[ecL ManagemenL and Supervlslon lees 1.43 1.63
8LC Surplus 4.49 -
ueferred lncome (1ransferred from CranLs-ln-ald) 0.77 0.83
Surcharge 0.17 0.17
lnLeresL lrom CLhers 0.79 -
Þrovlslon wrluen back - 0.01
lnLeresL on 1rulng up 1.20 -
Mlscellaneous lncome 2.22 0.39
1ota| (8) 11.09 3.07

1ota| (A+8) 46.33 27.36
15ë
Descr|pnon
For the year ended
31
st
March, 2012
For the year ended
31
st
March, 2013
Note 2.23 - Lmp|oyee benehts expense
(` ln Crore)
Salarles wages allowances & beneñLs 68.38 63.03
ConLrlbuuon Lo ÞrovldenL and oLher funds 7.67 4.29
SLañ Welfare expenses 7.18 4.90

1ota| 83.23 74.22
Descr|pnon
For the year ended
31
st
March, 2012
For the year ended
31
st
March, 2013
Note 2.24 - I|nance costs
(` ln Crore)
A) lnLeresL on Loan from
lorelgn 8anks and llnanclal lnsuLuuons - 0.13
Secured/unsecured redeemable 8onds - 0.34
CLhers (3.03) 4.84
(3.03) 3.33
8) CLher 8orrowlng CosL
CuaranLee lee - 0.20
CLher ñnance charges 0.01 0.01
0.01 0.21
C) lorelgn Lxchange 8aLe varlauon 11.47 22.42
Less: 8ecoverable from 8eneñclarles aL Lhe ume of 1rulng up
(8efer noLe no. 2.39 (lll) of CLher noLes on AccounLs).
11.47 - 22.42
1ota| (S.04) S.74
Note:
Interest on Loan |s reversa| of Interest on 1ru|ng up L|ab|||ty of Þrev|ous ¥ear for ` S.0S Crore
Descr|pnon
For the year ended
31
st
March, 2012
For the year ended
31
st
March, 2013
Note 2.2S - Deprec|anon and amornzanon expense
(` ln Crore)
uepreclauon/Amoruzauon-1anglble AsseLs 9.16 19.67
Amoruzauon-lnLanglble AsseLs 3.11 0.44
1ota| 12.27 20.11
Descr|pnon Ior the year ended 31
st
March, 2012 Ior the year ended 31
st
March, 2013
kepa|r & Ma|nenance
8ulldlngs 0.86 0.33
ÞlanL & Machlnery
8LuCs 21.19 20.46
CLhers 1.44 1.62
22.63 22.08
Þower charges 2.96 2.74
1ralnlng & 8ecrulLmenL Lxpenses 1.12 1.33
Communlcauon expenses 0.98 0.94
Note 2.26 - Cperanon, Ma|ntenance and Cther Adm|n|stranve Lxpenses
(` ln Crore)
15ì
Descr|pnon Ior the year ended 31
st
March, 2012 Ior the year ended 31
st
March, 2013
1ravelllng & Conv.exp.(excludlng forelgn Lravel) 3.16 3.32
lorelgn Lravel 0.12 0.28
3.28 3.60
SLaLuLory AudlL lees 0.08 0.07
1ax AudlL lees 0.02 0.02
CaplLal LxpendlLure on asseLs noL owned by Lhe Company 4.99 -
Mlscellaneous expenses 4.73 3.98
SecurlLy Lxpenses 2.39 2.36
LxpendlLure on CorporaLe Soclal 8esponslblllLy (CS8) 1.03 -
LxpendlLure on SusLalnable uevelopmenL 0.26 -
8ebaLe Lo CusLomers 2.74 2.40
48.29 40.09
Loss on ulsposal/WrlLe oñ of llxed AsseLs 0.06 0.03
1ota| 48.3S 40.14
Note 2.26 - Cperanon, Ma|ntenance and Cther Adm|n|stranve Lxpenses (contd...)
(` ln Crore)
Descr|pnon
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
ÞkICk ÞLkICD AND Lk1kACkDINAk¥ I1LMS
Þrlor Þerlod lLems
Income
uepreclauon wrluen back - 3.29
8LC Surplus 1.69 -
CLhers 1.31 3.09
(A) 3.00 6.38
Lxpend|ture
uepreclauon - 0.09
lnLeresL cosL - 0.22
CLhers 0.21 0.31
(8) 0.21 0.62
neu Þrlor perlod expendlLure/(lncome ) (8 - A) (2.79) (3.76)
1ota| (2.79) (S.76)
Note 2.27 - Þr|or per|od |tems
(` ln Crore)
2.28 Nature Cf Cperanons:-
1he company was lncorporaLed on 20Lh March 2009 as a wholly owned subsldlary of Lhe Þower Crld Corporauon of lndla LlmlLed, a
CovernmenL of Lhe lndla LnLerprlse, Lo Lake over Lhe buslness of Lhe SysLem Cperauons and MarkeL Cperauons, whlch were earller
carrled ouL by Lhe Poldlng Company (ÞCWL8C8lu). ÞCSCCC ls responslble for Lhe followlng operauons:-
l) 1o supervlse and conLrol all aspecL concernlng operauons and manpower requlremenL of 8LuCs and nLuC.
ll) 1o acL as Lhe apex organlsauon for human resources requlremenL of nLuC and 8LuCs.
lll) 1o ensure plannlng and lmplemenLauon of lnfrasLrucLure requlred for smooLh operauon and developmenL of nauonal and
8eglonal LuCs.
lv) 1o coordlnaLe Lhe funcuonlng of nLuC and all 8LuCs.
v) 1o advlse and asslsL sLaLe level Load uespaLch CenLres, lncludlng speclallzed Lralnlngs eLc.
vl) 1o perform any oLher funcuon enLrusLed Lo lL by Lhe MlnlsLry of Þower.
2.29 As per Lhe memorandum of undersLandlng consequenL upon sale of moveable asseLs Lo ÞCSCCC, all operauons and Lransacuons
(bllllng and banklng) carrled, on or aûer CcLober 1, 2010 by Lhe 8LuCs and nLuC, ln Lhe name of Poldlng Company are deemed Lo
have been carrled on behalf of ÞCSCCC.
OTHER NOTES
15e
2.30 Unschedu|ed Interchange Þoo| Account Iund (UI), Congesnon Charge Account, keacnve Lnergy Charges Account (kL), Inter
keg|ona| Lxchange Account (IkL) and Short 1erm Cpen Access (S1CA) co||ecnon account.
1he CenLral LlecLrlclLy 8egulauon Commlsslon vlde followlng regulauons has dlrecLed Lhe 8eglonal Load ulspaLch CenLres ln each
reglon Lo operaLe and malnLaln unscheduled lnLerchange Þool AccounL lund, Congesuon Charge AccounL, 8eacuve Lnergy Charges
AccounL.
All paymenLs on accounL of unscheduled lnLerchange charges lncludlng Addluonal unscheduled lnLerchange charges levled and
lnLeresL, lf any, recelved for laLe paymenL are credlLed Lo Lhe funds called Lhe º8eglonal unscheduled lnLerchange Þool AccounL lund",
malnLalned and operaLed by Lhe 8eglonal Load uespaLch CenLres ln accordance wlLh provlslons of CenLral LlecLrlclLy 8egulaLory
Commlsslon (unscheduled lnLerchange charges and relaLed mauers) 8egulauons.
All paymenLs on accounL of Congesuon Charges and lnLeresL, lf any, recelved for laLe paymenL are credlLed Lo Lhe funds called Lhe
ºCongesuon Charge AccounL", malnLalned and operaLed by Lhe 8eglonal Load uespaLch CenLres ln accordance wlLh provlslons of
CenLral LlecLrlclLy 8egulaLory Commlsslon (Measures Lo relleve congesuon ln real ume operauon) 8egulauons.
All paymenLs on accounL of 8eacuve Lnergy Þool AccounL are credlLed Lo Lhe funds called Lhe º8eacuve Lnergy AccounL", malnLalned
and operaLed by Lhe 8eglonal Load uespaLch CenLres ln accordance wlLh provlslons of CenLral LlecLrlclLy 8egulaLory Commlsslon.
1hese funds are equally maLched wlLh fund balance ln Lhe bank accounLs ln Lhe currenL and ñxed deposlL accounLs excepL for
dlñerence due Lo lnLeresL accrued and 1uS on lnLeresL, whlch are funded on Lhe recelpL of Lhe lnLeresL and 1uS CeruñcaLes.
As on 31/03/2013, Lhe LoLal balance ln Lhese deslgnaLed bank accounLs were amounung Lo ` 177.13 Crore as agalnsL Lhe llablllLy ln
Lhese funds amounung Lo ` 203.73 Crore. 1he neL dlñerence ln Lhe LlablllLy and Lhe deslgnaLed bank accounLs amounung Lo ` 26.62
Crore on accounL of Lhe lnLeresL accrued and 1uS on lnLeresL ls sub[ecL Lo reconclllauon and consequenual ad[usLmenLs lf any.
2.31 LDC Deve|opment Iund
8evenue durlng Lhe year on accounL of uepreclauon, lnLeresL on Loan, 8eLurn on LqulLy (based on 1rulng-up ad[usLmenL) amounung
Lo ` 23.98 Crore and oLher lncome amounung Lo ` 71.02 Crore comprlslng malnly of S1CA and lnLeresL lncome ls requlred Lo be
deposlLed ln LuC uevelopmenL lund ln Lerms of CL8C 8egulauon.
1he fund has been uullsed Lowards CorporaLe Soclal 8esponslblllLy Lxp. & SusLalnable uevelopmenL Lxp. of ` 1.31 Crore, lncome Lax
of ` 38.60 Crore, dlvldend of ` 14.29 Crore (lncludlng dlvldend Lax), & Capex ` 8.76 Crore. 1here ls neL accreuon of ` 32.04 Crore Lo
LuC uev. lund.
A sum of ` 62.00 Crore ls lylng ln Lhe deslgnaLed bank accounL agalnsL LuC uevelopmenL lund of ` 102.28 Crore as on 31.03.2013.
8alance of ` 40.28 Crore wlll be conLrlbuLed durlng Lhe l? 2013-14.
2.32 1he CL8C whlle glvlng approval under sub-secuon (4) of Lhe secuon 28 of Lhe LlecLrlclLy AcL 2003, read wlLh Lhe CL8C(lees and
charges of 8eglonal Load despaLch CenLre and oLher relaLed mauers) 8egulauons, 2009 for Lhe 8LuCs charges has noLed LhaL aL
presenL Lhe SysLem Cperauon ls noL sub[ecL Lo Lhe servlce Lax.
2.33 ln vlew of Lhe oplnlon of Lhe experL Advlsory Commluee of Lhe lnsuLuLe of CharLered AccounLanLs of lndla, unspenL expendlLure
(` 0.46 Crore), ouL of Lhe budgeL for Lhe year Lowards CorporaLe Soclal 8esponslblllLy (CS8) and SusLalnable uevelopmenL (Su) has
been Lransferred Lo CS8 reserve by approprlauon of proñL.
2.34 CaplLal expendlLure of ` 4.99 Crore lncurred on asseLs noL owned by Lhe company ls charged oñ Lo ÞroñL and Loss accounL durlng Lhe
currenL year (As per Accounung Þollcy no. 1.13.3).
2.33 CLher lncome lncludes ` 0.77 Crore (Þrevlous ?ear ` 0.83 Crore) belng Lhe amounL Lransferred from CranLs-ln-ald recelved (As per
Accounung Þollcy noLe no. 1.4)
2.36 1he company ls responslble for dlscharglng Lhe funcuons of nLuC, ls requlred Lo malnLaln books of accounLs perLalnlng Lo 8LC
Mechanlsm AccounL also. 1he asseLs and llablllues of 8LC Mechanlsm have been merged wlLh company books of accounL for Lhe ñrsL
ume ln Lhe currenL year wlLh Lhe concurrence of CenLral LlecLrlclLy 8egulaLory Commlsslon (CL8C). uue Lo Lhls Lhe ñgures of currenL
year are noL comparable wlLh Lhe prevlous year ñgures.
neL surplus of 8LC Mechanlsm Lo Lhe Lune of ` 6.18 Crore, whlch lncludes ` 1.69 Crore for earller years has been accounLed for ln
Lhe 8ooks of AccounL of Lhe Company durlng Lhe year, pendlng amendmenL ln 8LC Mechanlsm 8egulauons. lncome 1ax Þrovlslon
of ` 2.01 Crore, whlch lncludes ` 0.33 Crore for earller years has been made agalnsL Lhe above surplus. neL Surplus aûer provlslon
of lncome 1ax amounung Lo ` 4.17 Crore ls Lransferred Lo 8LC fund, whlch shall be uullzed only for Lhe expenses allowed under 8LC
Mechanlsm 8egulauons.
2.37 a) 8alances ln 1uS ceruñcaLes, recelvables/recoverable, S1CA Advance from cusLomers, Sundry CredlLors, Advances from CusLomers
for deslgnaLed accounLs, Lhlrd parLy accounLs and Sundry uebLors are sub[ecL Lo reconclllauon, conñrmauon and consequenual
ad[usLmenLs, lf any.
b) ln Lhe oplnlon of Lhe managemenL, Lhe value of CurrenL AsseLs, Loans and Advances, on reallsauon ln Lhe ordlnary course of
buslness, wlll noL be less Lhan Lhe value aL whlch Lhese are sLaLed ln Lhe 8alance SheeL.
2.38 1he company ls provldlng for depreclauon based on Lhe CL8C norms, whlch ls ln llne wlLh Lhe Larlñ pollcy lssued by Lhe MCÞ for
Lhe block perlod 2009-14, whlch provldes LhaL Lhe raLes of depreclauon as nouñed by CL8C would be appllcable for Lhe purpose
of Larlñ as well as accounung excepL for moblle phones whlch have been depreclaLed aL 33.33° ln llne wlLh Lhe pollcy adopLed by
ÞCWL8C8lu.
15J
2.39 l) ln respecL of SysLem and MarkeL Cperauon charges ` 29.34 Crore (Þrevlous ?ear ` 33.39 Crore), has been de-recognlsed from
lncome durlng Lhe year and Lhe same ls Lransferred Lo Lhe 1rulng-up LlablllLy whlch shall be consldered by CL8C aûer Lhe explry
of Lhe conLrol perlod (2009-14) as per accounung pollcy noLe no 1.11.1 regardlng revenue recognluon.
ll) Change |n accounnng po||cy: 8evenue 8ecognluon of P8 and C&M expenses was hlLherLo belng made based on acLual
expendlLure lncurred or amounL allowed by CL8C whlchever ls less. Powever such acLual expendlLure lncurred ls allowable as per
CL8C regulauons sub[ecL Lo Lrulng up aûer Lhe end of Lhe conLrol perlod l.e 2009-14. Cn Lhe peuuon ñled by Lhe company, CL8C
vlde order daLed 28Lh SepLember 2012, has dlrecLed LhaL ºAny addluonal leglumaLe P8 expenses over and above LhaL approval
by Lhe Commlsslon ln lLs varlous Larlñ orders as menuoned ln para 3 of Lhls order may be Lemporarlly meL by Lhe peuuoner ouL
of Lhe LuC uevelopmenL lund whlch wlll be recouped aL Lhe ume of Lrulng up"
Conslderlng cerLalnLy of recelpL as per AS-9, maLchlng revenue concepL and accrual sysLem of accounung, Lhe accounung pollcy
has been changed as º8evenue recognluon based on acLual P8 and C&M LxpendlLure lncurred". 1he change of Accounung
Þollcy has resulLed ln lncrease of revenue by ` 46.67 Crore and decrease ln 1rulng-up LlablllLy by Lhe same amounL. 1hls lncludes
amounL of ` 24.87 Crore provlded for, ln earller years. 1he change has also resulLed ln Lhe reversal of lnLeresL amounung Lo ` 3.03
Crore provlded for ln Lhe prevlous year. 1he above addluonal revenue ls sub[ecL Lo Lrulng up by CL8C.
lll) lL8v loss of `11.47 Crore (Þrevlous ?ear `22.42 Crore) ls recoverable from consuLuenLs ln llne wlLh regulauons of CL8C and Lhe
same shall be consldered by CL8C aL Lhe ume of 1rulng-up exerclse. 1he same has been Lransferred Lo Lrulng-up llablllLy accounL code.
2.40 Þendlng approval of Lhe Þerformance 8elaLed Þay (Þ8Þ) scheme for workmen and supervlsors, a provlslon of ` 3.17 Crore lncludlng
provlslon for earller years has been made, neL of paymenLs made for old Þerformance Llnked lncenuve Scheme.
2.41 1he company ls followlng AS-13 (revlsed 2003) 'Lmployee 8eneñLs'.
1he lnformauon under Lhls clause has been provlded on esumaLed basls based on Lhe acLuarlal valuauon from AcLuary valuer for all
employees.
a) All Lhe employees of ÞCSCCC are on secondmenL basls from lLs Poldlng Company, Þower Crld Corporauon of lndla LLd. Above
employees shall conunue Lo draw pay and allowances and oLher faclllues as Lhey have been drawlng wlLh Lhe ÞCWL8C8lu and
shall be sub[ecL Lo rules and pollcles as appllcable Lo Lhem ln ÞCWL8C8lu before Lhelr Lransfer Lo ÞCSCCC excepL lncenuves,
whlch shall be proLecLed Lhrough speclal allowance aL Lhe raLe as would have been admlsslble as lf Lhey were conunulng Lhelr
servlce wlLh ÞCWL8C8lu.
b) LlablllLy on accounL of Leave encashmenL, ÞosL 8euremenLs Medlcal Þlan, 8aggage Allowance, CraLulLy and Superannuauon
llablllLy ls based on acLuarlal llablllLy calculaLed as per Lhe reporL of AcLuary valuer
Dehned Lmp|oyee 8eneht Schemes are as under:-
A. Þrov|dent Iund
Company pays ñxed conLrlbuuon Lo ÞrovldenL lund aL predeLermlned raLe Lo a separaLe LrusL managed by Lhe Poldlng Company
ln Lhe name of Þower Crld Lmployees ÞrovldenL lund 1rusL, whlch lnvesLs Lhe funds ln permlued securlues. ConLrlbuuon Lo famlly
penslon scheme ls pald Lo Lhe approprlaLe auLhorlLy. 1he conLrlbuuon Lo Lhe fund for Lhe perlod ls recognlzed as expense and ls
charged Lo proñL and loss a/c. 1he obllgauon of Lhe company ls llmlLed Lo such ñxed conLrlbuuon and Lo ensure a mlnlmum raLe of
lnLeresL on conLrlbuuon Lo Lhe members as speclñed by CCl. 1he falr value of Lhe asseLs of Lhe provldenL fund lncludlng Lhe reLurn
on Lhe asseLs Lhereof, as on Lhe balance sheeL daLe ls greaLer Lhan Lhe obllgauons under Lhe deñned conLrlbuuon plan.
8. Gratu|ty
1he company has a deñned beneñL graLulLy plan wlLh a separaLe LrusL malnLalned by Lhe Poldlng Company ln Lhe name of Lhe
Þower Crld Lmployees CraLulLy fund 1rusL . Lvery employee who has rendered conunuous servlce of ñve years or more ls enuLled
Lo geL graLulLy aL 13 days salary (13/26 x lasL drawn baslc salary plus, dearness allowance) for each compleLed year of servlce on
superannuauon, reslgnauon, Lermlnauon, dlsablemenL or on deaLh sub[ecL Lo a maxlmum of ` 10 Lacs. 1he scheme ls funded by Lhe
company and ls managed by a separaLe LrusL. 1he llablllLy for Lhe same ls recognlsed on Lhe basls of acLuarlal valuauon on annual
basls on 8alance SheeL daLe.
C. Þost-kenrement Med|ca| Iac|||ty (ÞkMI)
1he company has ÞosL-8euremenL Medlcal laclllLy (Þ8Ml), under whlch reured employees and Lhe spouse are provlded medlcal
faclllues ln Lhe empanelled hosplLals. 1hey can also avall LreaLmenL as CuL-ÞauenL sub[ecL Lo a celllng ñxed by Lhe company. 1he
scheme ls unfunded and ls recognlsed ln proñL and loss a/c on Lhe basls of acLuarlal valuauon on annual basls on 8alance SheeL
daLe.
D. Þens|on
1he company has scheme of Lmployees ueñned Þenslon ConLrlbuuon. Company conLrlbuuon ls pald Lo separaLe 1rusL. AmounL of
conLrlbuuon pald/payable for Lhe year ls ` 2.97 Crore ( ` 6.18 Crore upLo 31.03.2012) has been recognlsed as expense and ls charged
Lo SLaLemenL of ÞroñL & Loss.
1ëJ
L. Cther Dehned kenrement 8enehts (CDk8)
1he Company has a scheme for seulemenL aL Lhe ume of superannuauon aL home Lown for employees and dependenLs. 1he scheme
ls unfunded and ls recognlsed ln proñL and loss a/c on Lhe basls of acLuarlal valuauon on annual basls on 8alance SheeL daLe.
I. Cther Lmp|oyee 8enehts
Þrovlslon for Leave LncashmenL for Lhe year amounung Lo ` 3.72 Crore (Þrevlous ?ear ` 4.72 Crore) for Lhe year upLo 31sL March
2013 has been made on Lhe basls of acLuarlal valuauon for Lhe ÞCSCCC employees.
1he summarlsed posluon of varlous deñned beneñLs recognlzed ln Lhe ÞroñL and Loss AccounL, 8alance SheeL and Lhe funded sLaLus
are as under :-
a) Lxpenses recogn|sed |n Statment of Þroht & Loss Account :
b) 1he amount recogn|sed |n the 8a|ance Sheet:
(*) 1he fund ls malnLalned wlLh Lhe Þower Crld Lmployees CraLulLy lund 1rusL. ulñerence, lf any ln Lhe plan asseLs ls shown ln Lhe
books of Lhe Poldlng Company as a whole for employees of Þower Crld Corporauon of lndla LLd. and employees of Þower SysLem
Cperauon Corporauon LLd.
c) Changes |n the Þresent Va|ue of the Dehned 8eneht ob||ganons :
G. Deta||s of the Þ|an Asset (Gratu|ty)
1he deLalls of Lhe plan asseLs aL cosL as on 31sL March, 2013 are noL glven ln vlew of Lhe facL, LhaL Lhe lund ls malnLalned wlLh
ÞowerCrld Lmployees CraLulLy lund 1rusL as a whole for employees of Þower Crld Corporauon of lndla LLd and employees of Þower
SysLem Cperauon Corporauon LLd. on secondmenL basls.
n. Actuar|a| Assumpnons
Þrlnclpal assumpuons used for acLuarlal valuauon are:
l) MeLhod used - Þro[ecLed unlL CredlL ( ÞuC)
ll) ulscounL raLe - 8° (Þrevlous perlod 8.3°)
lll) LxpecLed raLe of reLurn on asseLs (CraLulLy only) - 8.3 ° (Þrevlous perlod 8.3°)
lv) luLure salary lncrease- 6 ° (Þrevlous perlod 6°)
GkA1UI1¥
Current ¥ear
PRMF
Current ¥ear
ODRB
Current ¥ear
CurrenL Servlce CosL 1.06 0.33 0.03
lnLeresL CosL on beneñL obllgauon 1.73 0.67 0.06
LxpecLed reLurn on plan asseLs (1.82) - -
neL acLuarlal (galn)/loss on recognlsed durlng Lhe year (0.43) 1.73 (0.02)
Lxpenses recognlsed ln Lhe SLaLmenL of ÞroñL & Loss 0.34 2.73 0.07
GkA1UI1¥
Current ¥ear
PRMF
Current ¥ear
ODRB
Current ¥ear
l) ÞresenL value of obllgauon as aL 31/03/2013 22.90 11.03 0.81
ll) lalr value of plan asseLs as aL 31/03/2013 (*) 23.32 - -
ulñerence (l) - (ll) (0.42) 11.03 0.81
neL AsseLs (LlablllLy) recognlsed ln 8alance SheeL 0.42 (11.03) (0.81)
GkA1UI1¥
Current ¥ear
PRMF
Current ¥ear
ODRB
Current ¥ear
ÞresenL value of obllgauon as aL 31/03/2012 21.89 8.39 0.73
lnLeresL cosL 1.73 0.67 0.06
CurrenL Servlce CosL 1.06 0.33 0.04
8eneñLs pald (1.42) (0.09) 0
neL acLuarlal (galn)/loss on obllgauon (0.38) 1.73 (0.02)
ÞresenL value of obllgauon as aL 31/03/2013 22.90 11.03 0.81
(` ln Crore)
(` ln Crore)
(` ln Crore)
1ë1
d) 1ransacuons wlLh Lhe ÞCWL8C8lu - Poldlng Company are as follows:
Þarncu|ars Current ¥ear Þrev|ous ¥ear
8LuC lee and charges bllled Lo ÞowerCrld 16.29 18.00
AmounL pald by Þowergrld for 8LuC lee & Charges 13.31 13.48
1ransmlsslon Charges pald/payable Lo ÞowerCrld S1CA-ÞCC 1802.68 914.70
ul, 8L, l8L amounLs pald Lo ÞowerCrld 8.33 27.07
CLher paymenLs/Lransacuons wlLh Lhe Company 21.30 2.74
(` ln Crore)
1he esumaLe of fuLure salary lncreases, consldered ln acLuarlal valuauon, Lakes lnLo accounL (l) lnßauon, (ll) SenlorlLy
(lll) Þromouon and (lv) CLher relevanL facLors, such as supply and demand ln Lhe employmenL markeL.
2.42 Segment kepornng
1he company's prlnclple buslness ls Þower SysLem and MarkeL Cperauon. 1he Company operaLes wlLhln lndla and does noL have
operauons ln economlc envlronmenLs wlLh dlñerenL rlsks and reLurns. Pence, lL ls consldered operaung ln slngle geographlcal
segmenL.
2.43 ke|ated Þarty D|sc|osures
a) !olnL venLures wlLh Poldlng Company:-
l) Þowerllnks 1ransmlsslon LlmlLed
ll) 1orrenL Þower Crld LlmlLed
lll) !aypee ÞCWL8C8lu LlmlLed
lv) Þarbau koldam 1ransmlsslon Company LLd
v) 1eesLavalley Þower 1ransmlsslon LlmlLed
vl) norLh LasL 1ransmlsslon Company LlmlLed
vll) nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed
vlll) Lnergy Lmclency Servlces LlmlLed.
lx) 8lhar Crld Company LlmlLed w.e.f. 04.01.2013
x) kallnga 8ldyuL Þrasaran nlgam ÞrlvaLe LLd. w.e.f. 31.12.2012
xl) Cross 8order Þower 1ransmlsslon Company LLd. w.e.f. 11.08.2012
b) Poldlng Company:-
Þower Crld Corporauon of lndla LlmlLed
c) key ManagemenL Þersonnel
l) Sh 8. n. nayak Chalrman (from 01.09.2011 Lo ull daLe)
ll) Sh. 8. 1. Agarwal ulrecLor(from 16.03.2011 Lo ull daLe)
lll) Sh. l. S. !ha ulrecLor(from 01.09.2011 Lo ull daLe)
lv) Sh. SanLosh Saraf lndependenL ulrecLor(from 26.03.2012 Lo ull daLe)
e) ulrecLor's slmng fee ` 2,28,340 (Þrevlous ?ear ` 30,000) for lndependenL dlrecLor.
2.44 D|sc|osures regard|ng Leases
Cperanng Leases:-
1he company's slgnlñcanL leaslng arrangemenLs are ln respecL of operaung leases of premlses for resldenual use of employees and
omce use, are usually renewable on muLually agreed Lerms buL are noL non-cancellable. Lmployees' remunerauon and beneñLs
lnclude ` 4.18 Crore (Þrevlous ?ear ` 4.33 Crore) Lowards lease paymenLs neL of recoverles ln respecL of premlses for resldenual use
of employees.
2.4S Larn|ng Þer Share ca|cu|ated |n accordance w|th the prov|s|ons of AS-20
Numerator As at 31.03.2013 As at 31.03.2012
(I¥ 2012-13) (I¥ 2011-12)
ÞroñL aûer Lax as per ÞroñL and Loss AccounL used as 81.48 30.32
numeraLor (` ln Crore) excludlng neL surplus of 8LC.
Denominator
-number of LqulLy Shares (lace value of. ` 10/- each) 30640000 30640000
-number of Shares alloued durlng Lhe year - -
1ëZ
-WelghLed Average number of equlLy shares for calculaung 30640000 30640000
8aslc Larnlng Þer Share
-WelghLed Average number of equlLy shares for calculaung 30640000 30640000
ulluLed Larnlng Þer Share
-8aslc Larnlng Þer Share (` / per share) (lace value of ` 10/- each) 26.39 16.49
-ulluLed Larnlng Þer Share (` / per share) (lace value of `. 10/- each) 26.39 16.49
2.46 uurlng Lhe year company has ` 2.60 Crore (Þrevlous ?ear ` 6.69 Crore ) as neL deferred Lax asseLs.
Ma[or componenLs of deferred Lax asseLs are glven as under:-
2.47 ln accordance wlLh AS-28 ºlmpalrmenL of AsseLs", Lhe company has assessed on Lhe balance sheeL daLe wheLher Lhere are any
lndlcauons wlLh regard Lo lmpalrmenL of any of Lhe asseLs. 8ased on such assessmenL lL has been ascerLalned LhaL no poLenual loss ls
presenL and Lherefore no formal esumaLe of recoverable amounL has been made. Accordlngly, no lmpalrmenL loss has been provlded
ln Lhe accounLs.
2.48 uÞL has dlrecLed Lo lnclude CorporaLe Soclal 8esponslblllLy (CS8), SusLalnable uevelopmenL (Su) and 8&u LxpendlLure ouL of Lhe
proñL of Lhe company as a percenLage of proñL aûer Lax. 1hese expenses have been allowed by CL8C agalnsL Lhe peuuon ñled by Lhe
company.
2.49 LsumaLed amounL of conLracLs remalnlng Lo be execuLed on caplLal accounL and noL provlded for ls ` 16.16 Crore (Þrevlous ?ear
` 6.37 Crore).
2.30 ulsclosure ln respecL of conungenL llablllues as requlred ln AS 29 of 'Þrovlslons, ConungenL Llablllues and ConungenL AsseLs':
Connngent L|ab|||nes:
uemand of 8enL for Lhe omce and sLañ quarLers accommodauon ralsed by Lhe W8L8, Mumbal ull daLe ls ` 3.00 Crore (Þrevlous ?ear
`3.00 Crore), whlch was dlspuLed by Lhe company and company has soughL for Lhe Lransfer of Lhe ownershlp of omce accommodauon
and resldenual quarLers before Lhe MlnlsLry of power, CovL. of lndla. Powever, no declslon has come so far.
2.31 a) vALuL Cl lMÞC81S CALCuLA1Lu Cn Cll 8ASlS
Þarncu|ars
8a|ance as at
31.03.2013
8a|ance as at
31.03.2012
ueferred 1ax LlablllLy
1owards uepreclauon(ulñ. of Wuv as per lncome 1ax and 8ooks) (A) 3.79 6.17
Deferred 1ax Asset
Llablllues Lowards 438 lncl. Wage 8evlslon Þrovlslon 8.36 11.28
CLher Þrovlslons 0.03 0.01
1owards lnLeresL on 1rulng-up of lncome - 1.37

Sub 1ota| (8) 8.39 12.86
Net Deferred 1ax Assets (8-A) 2.60 6.69
Current ¥ear Þrev|ous ¥ear
l) CaplLal Coods - -
ll) Spare ÞarLs - -
Current ¥ear Þrev|ous ¥ear
l) 8epalr & MalnLenance 3.14 9.28
ll) lorelgn 1ravel 0.04 0.06
lll) CLhers 0.33 -
(` ln Crore)
(` ln Crore)
(` ln Crore)
b) LxÞLnul1u8L ln lC8LlCn Cu88LnC?
1ëJ
2.32 a) llgures have been rounded oñ Lo nearesL 8upees ln Crore up Lo Lwo declmal.
b) Þrevlous year ñgures have been re-grouped/re-arranged wherever necessary.
¼ Current ¥ear ¼ Þrev|ous ¥ear
l) lmporLed - - - -
ll) lndlgenous (lncludlng fuel) - - - -
Current ¥ear Þrev|ous ¥ear
lncome - -
(` ln Crore)
(` ln Crore)
c) vALuL Cl CCMÞCnLn1S, S1C8LS Anu SÞA8L ÞA81S CCnSuMLu :
d) LA8nlnCS ln lC8LlCn LxCPAnCL :
Ior and on beha|f of the 8oard of D|rectors
(Þr|n Chaturved| ) (S. k. Soonee) ( k. 1. Agarwa| ) (k. N. Nayak)
Company Secretary Ch|ef Lxecunve Cmcer D|rector Cha|rman

As per our report of even date
Ior 8. C. Ia|n & Co.
Chartered Accountants
I|rm kegn. No. 001099 (C)
(kan[eet S|ngh)
Partner
Membersh|p No. 073488
Þlace : Curgaon
uaLe : 21sL !une 2013
1ë+
keport on I|nanc|a| Statements
We have audlLed Lhe accompanylng ñnanclal sLaLemenLs of Þower SysLem Cperauon Corporauon LlmlLed (ºLhe Company"), whlch
comprlse of Lhe 8alance SheeL as aL 31 March 2013, Lhe SLaLemenL of ÞroñL and Loss and Lhe Cash llow SLaLemenL for Lhe year Lhen
ended and a summary of slgnlñcanL accounung pollcles and oLher explanaLory lnformauon.
Management's kespons|b|||ty for the I|nanc|a| Statements
ManagemenL ls responslble for Lhe preparauon of Lhese ñnanclal sLaLemenLs LhaL glve a Lrue and falr vlew of Lhe ñnanclal posluon,
ñnanclal performance and cash ßows of Lhe Company ln accordance wlLh Lhe accounung prlnclples generally accepLed ln lndla
lncludlng Accounung SLandards referred Lo ln sub-secuon (3C) of secuon 211 of Lhe Companles AcL, 1936 (ºLhe AcL"). 1hls responslblllLy
lncludes Lhe deslgn, lmplemenLauon and malnLenance of lnLernal conLrol relevanL Lo Lhe preparauon and presenLauon of Lhe ñnanclal
sLaLemenLs LhaL glve a Lrue and falr vlew and are free from maLerlal mlssLaLemenL, wheLher due Lo fraud or error.
Aud|tors' kespons|b|||ty
Cur responslblllLy ls Lo express an oplnlon on Lhese ñnanclal sLaLemenLs based on our audlL. We conducLed our audlL ln accordance
wlLh Lhe SLandards on Audlung lssued by Lhe lnsuLuLe of CharLered AccounLanLs of lndla. 1hose SLandards requlre LhaL we comply wlLh
eLhlcal requlremenLs and plan and perform Lhe audlL Lo obLaln reasonable assurance abouL wheLher Lhe ñnanclal sLaLemenLs are free
from maLerlal mlssLaLemenLs.
An audlL lnvolves performlng procedures Lo obLaln audlL evldence abouL Lhe amounLs and dlsclosures ln Lhe ñnanclal sLaLemenLs. 1he
procedures selecLed depend on Lhe audlLor's [udgmenL, lncludlng Lhe assessmenL of Lhe rlsks of maLerlal mlssLaLemenL of Lhe ñnanclal
sLaLemenLs, wheLher due Lo fraud or error. ln maklng Lhose rlsk assessmenLs, Lhe audlLor conslders lnLernal conLrol relevanL Lo Lhe
Company's preparauon and falr presenLauon of Lhe ñnanclal sLaLemenLs ln order Lo deslgn audlL procedures LhaL are approprlaLe ln
Lhe clrcumsLances. An audlL also lncludes evaluaung Lhe approprlaLeness of accounung pollcles used and Lhe reasonableness of Lhe
accounung esumaLes made by managemenL, as well as evaluaung Lhe overall presenLauon of Lhe ñnanclal sLaLemenLs.
We belleve LhaL Lhe audlL evldence we have obLalned ls sumclenL and approprlaLe Lo provlde a basls for our qua||hed audlL oplnlon.
8as|s for Çua||hed Cp|n|on:
uutlnq the yeat, the company has chanqed the Accoununq lollcy teqatdlnq kevenue kecoqnluon (kefet Note No 2.J9 of othet Notes).
1he chanqe of Accoununq lollcy has tesulted ln lnctease of ltoft fot the yeat by ` 52.92 ctote, lncome 1ax ltovlslon by ` 17.17
ctote and 5hateholdets´ lunds by ` J5.75 ctote, same ls subject to admlsslble by centtal ílecttlclty kequlatoty commlsslon(cíkc)
afet ptudence check at the ume of ttulnq up. 1he extent of uncettalnty lnvolved on account of addluonal tevenue ls dependent upon
outcome of cíkc otdet. kecoqnluon of such addluonal tevenue to the extent of uncettalnty lnvolved ls depattute ftom the Accoununq
5tandatds tefetted to ln sub secuon (Jc) of secuon 211 of the Act .
Çua||hed Cp|n|on:-
ln our oplnlon and Lo Lhe besL of our lnformauon and accordlng Lo Lhe explanauons glven Lo us, excepL for Lhe eñecLs of Lhe mauer
descrlbed ln Lhe 8asls for Cuallñed Cplnlon paragraph, Lhe aforesald ñnanclal sLaLemenLs glve Lhe lnformauon requlred by Lhe AcL ln
Lhe manner so requlred and glve a Lrue and falr vlew ln conformlLy wlLh Lhe accounung prlnclples generally accepLed ln lndla:
a) ln Lhe case of Lhe 8alance SheeL, of Lhe sLaLe of añalrs of Lhe Company as aL March 31,2013,
b) ln Lhe case of Lhe SLaLemenL of ÞroñL and Loss, of Lhe ÞroñL for Lhe year ended LhaL daLe ,
c) ln Lhe case of Lhe Cash llow SLaLemenL, of Lhe Cash llow for Lhe year ended on LhaL daLe.
Lmphas|s of Mauer
We draw auennon to
l) noLe no. 2.36 of CLher noLes regardlng lncluslon of 8enewable Lnergy CeruñcaLe (8LC) Mechanlsm lncome, whlch ls sub[ecL Lo
approval from CL8C
ll) noLe no. 2.37 of CLher noLes regardlng 1uS CeruñcaLes 8ecelvables/8ecoverable, S1CA Advances from CusLomers, 1hlrd ÞarLy
8alances and Sundry uebLors are sub[ecL Lo reconclllauon, conñrmauons and consequenual ad[usLmenLs, lf any.
Cur oplnlon ls noL quallñed ln respecL of Lhese mauers.
keport on Cther Lega| and kegu|atory kequ|rements :-
1. As requlred by Lhe Companles (AudlLor's 8eporL) Crder, 2003 (ºLhe Crder"), as amended, lssued by Lhe CenLral CovernmenL of lndla ln
Lerms of sub-secuon (4A) of secuon 227 of Lhe AcL, we glve ln Lhe Annexure a sLaLemenL on Lhe mauers speclñed ln paragraphs 4 and
3 of Lhe Crder.
2. As requlred by secuon 227(3) of Lhe AcL, we reporL LhaL:
a) We have obLalned all Lhe lnformauon and explanauons whlch Lo Lhe besL of our knowledge and bellef were necessary for Lhe
purpose of our audlL,
b) ln our oplnlon proper books of accounL as requlred by law have been kepL by Lhe Company so far as appears from our examlnauon
of Lhose books,
Independent Aud|tors' keport
1o the Members of Þower System Cperanon Corporanon L|m|ted
1ë5
c) 1he 8alance SheeL, Lhe SLaLemenL of ÞroñL and Loss and Cash llow SLaLemenL dealL wlLh by Lhls 8eporL are ln agreemenL wlLh Lhe
books of accounL,
d) íxcept fot the mauet desctlbed ln the 8asls fot Ouallfed Oplnlon pataqtaph, ln out oplnlon, the 8alance 5heet, the 5tatement of
ltoft and loss and cash llow 5tatement comply wlth the accoununq standatds tefetted to ln sub-secuon (Jc) of secuon 211 of
the Act;
e) ln pursuance Lo Lhe nouñcauon no.CS8 829(L) daLed 21.10.2003, lssued by Lhe deparLmenL of Company Añalrs, clause (g) of Sub-
Secuon (1) of secuon 274 of Lhe Companles AcL, 1936 perLalnlng Lo dlsquallñcauon of ulrecLors ls noL appllcable Lo a CovernmenL
Company.

Ior 8. C. Ia|n & Co.
CharLered AccounLanLs
llrm 8egn no. 01099C

(8an[eeL Slngh)
ÞarLner
M.no. 073488
Þlace : Curgaon
uaLe : 21
sL
!une, 2013

1ëë
1. a) 1he Company has generally malnLalned records of llxed AsseLs, showlng full paruculars lncludlng quanuLauve deLalls and slLuauon
of llxed AsseLs.
b) 1he asseLs have been physlcally verlñed by exLernal agencles durlng Lhe year and dlscrepancles, Lhough noL maLerlal, nouced on
such verlñcauon have been reconclled /ad[usLed ln Lhe books of accounL. ln our oplnlon, frequency of verlñcauon ls reasonable.
c) uurlng Lhe year Lhe company has noL dlsposed oñ subsLanual parL of lLs llxed AsseLs.
2. 1here was no lnvenLory carrled by Lhe company. 1herefore, clause 4(ll)(a),(b) and (c) of paragraph 4 of Lhe Crder ls noL appllcable for
Lhe year.
3. Accordlng Lo lnformauon and explanauon glven Lo us Lhe Company has nelLher granLed nor Laken any loans, secured or unsecured Lo
/ from companles, ñrms or oLher parues covered ln Lhe reglsLer malnLalned under secuon 301 of Lhe Companles AcL, 1936.
4. ln our oplnlon and accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhere are adequaLe lnLernal conLrol sysLems, commensuraLe
wlLh Lhe slze of Lhe Company and Lhe naLure of lLs buslness, wlLh regard Lo ñxed asseLs and lncome from sysLem operauon and markeL
operauon. uurlng Lhe course of our audlL we have nelLher come across nor have been lnformed of any conunulng fallure Lo correcL
ma[or weaknesses ln Lhe underlylng lnLernal conLrol sysLems.
3. Accordlng Lo Lhe lnformauon and explanauon glven Lo us, Lhere are no conLracLs or arrangemenLs referred Lo ln secuon 301 of Lhe
Companles AcL, 1936, durlng Lhe year, Lo be enLered ln Lhe reglsLer malnLalned under LhaL secuon. Accordlngly Clause (v) of paragraph
4 of Lhe Crder ls noL appllcable.
6. Slnce Lhe Company has noL accepLed any deposlL from Lhe publlc, Lhe quesuon of compllance wlLh Lhe dlrecuves lssued by Lhe 8eserve
8ank of lndla and Lhe provlslons of secuon 38-A, 38-AA and oLher relevanL provlslons of Companles AcL, 1936, and rules framed Lhere
under, does noL arlse.
7. ln our oplnlon, Lhe Company has an lnLernal AudlL sysLem commensuraLe wlLh Lhe slze and naLure of lLs buslness.
8. 1he CenLral CovernmenL has noL prescrlbed malnLenance of CosL 8ecords under Secuon 209 (1)(d) of Lhe Companles AcL, 1936.
9. a) Accordlng Lo Lhe lnformauon and explanauon glven Lo us, Lhe Company ls regular ln deposlung undlspuLed sLaLuLory dues excepL
some delays wlLh approprlaLe auLhorlues lncludlng ÞrovldenL lund, lncome 1ax, Sales 1ax, WealLh 1ax, Servlce 1ax, CusLom uuLy,
Lxclse uuLy and oLher sLaLuLory dues appllcable Lo Lhe Company and LhaL Lhere are no undlspuLed sLaLuLory dues ouLsLandlng as
on 31.3.2013 for a perlod of more Lhan slx monLhs from Lhe daLe Lhey became payable.
As lnformed, Lhe provlslons of Lhe Lmployees SLaLe lnsurance AcL are noL appllcable Lo Lhe Company.
b) Accordlng Lo Lhe lnformauon and explanauon glven Lo us, Lhere ls no dlspuLed lncome Lax / sales Lax / cusLoms duLy / wealLh Lax
/ servlce Lax / exclse duLy / cess dues, whlch have noL been deposlLed by Lhe company.
10. 1he company ls reglsLered for a perlod noL less Lhan ñve years. 1herefore, clause 4(x) of paragraph 4 of Lhe Crder ls noL appllcable for
Lhe year.
11. Cn Lhe basls of audlL procedures adopLed by us and accordlng Lo Lhe records, Lhe Company has noL defaulLed ln repaymenL of dues Lo
any ñnanclal lnsuLuuon or bank or bondholders.
12. 1he company has noL granLed any loans and advances on Lhe basls of securlLy by way of pledge of shares, debenLures and oLher
securlues.
13. 1he company ls noL a chlL fund or nldhl/muLual beneñL fund/socleLy. Accordlngly, Clause xlll of paragraph 4 of Lhe Crder ls noL
appllcable.
14. ln our oplnlon, Lhe Company ls noL deallng ln or Lradlng ln shares, debenLures, and oLher lnvesLmenLs. Accordlngly, Clause xlv of
paragraph 4 of Lhe Crder ls noL appllcable.
13. As lnformed Lo us, Lhe Company has noL glven any guaranLee for loans Laken by oLhers from banks or ñnanclal lnsuLuuons
16. ln our oplnlon on an overall basls and accordlng Lo Lhe lnformauon and explanauon glven Lo us, Lhe company has noL obLalned any
Lerm loans durlng Lhe year.
17. ln our oplnlon, on an overall basls, and accordlng Lo Lhe lnformauon and explanauon glven Lo us, Lhe company has noL used Lhe funds
ralsed on shorL Lerm basls for long Lerm lnvesLmenL
Annexure to Independent Aud|tors' keport
keferred to Þaragraph I under the head|ng of "keport on Cther Lega| and kegu|atory kequ|rements"
of our report of even date
1ëì
18. 1he Company has noL made any Þreferenual alloLmenL shares Lo parues and companles covered ln Lhe reglsLer malnLalned under
secuon 301 of Lhe Companles AcL, 1936 durlng Lhe year.
19. 1he Company has noL lssued Lhe debenLures durlng Lhe year.
20. 1he Company has noL ralsed any money by publlc lssue durlng Lhe year.
21. Accordlng Lo Lhe lnformauon and explanauons glven Lo us, no fraud on or by Lhe Company, has been nouced or reporLed durlng Lhe
year.
lor 8 C Ia|n & Co.
CharLered AccounLanLs
llrm 8egn. no. 01099C
(kan[eet S|ngh)
ÞarLner
M.no. 073488
Þlace : Curgaon
uaLed: 21
sL
!une, 2013
1ëe
1ëJ
Þowergr|d NM
1ransm|ss|on L|m|ted -
Subs|d|ary Company
1ìJ
To
1he Members,
ÞCWL8C8lu nM 1ransmlsslon LlmlLed was lncorporaLed Lo esLabllsh Lransmlsslon sysLem assoclaLed wlLh lÞÞs of nagapamnam/Cuddalore
Area: Þackage-A. 1he Lransmlsslon sysLem comprlses of 763 kv u/C & 763 kv S/C llnes whlch ls Lo Lraverse Lhrough Lhe SLaLes of 1amll nadu
and karnaLaka. Pon'ble CenLral LlecLrlclLy 8egulaLory Commlsslon (CL8C) vlde lLs order daLed 9Lh May, 2013 has adopLed Lransmlsslon
charges for Lhe pro[ecL and CL8C vlde lLs leuer daLed 13Lh !uly,2013 has lnumaLed lssuance of Lransmlsslon llcense Lo Lhe Company. 1he
Company has soughL approval of CL8C for exLenslon of ume and cosL overrun for Lhe Þro[ecL and Lhe CL8C order ls awalLed. ConsLrucuon
acuvlues of Lhe Þro[ecL shall commence shorLly.
8oard of D|rectors
uurlng Lhe year Shrl 8avl Þ. Slngh, ulrecLor (Þersonnel), ÞCWL8C8lu has been appolnLed as an Addluonal ulrecLor on Lhe 8oard of Lhe
Company w.e.f. 29Lh november, 2012.
AL presenL Shrl l. S. !ha, Shrl 8. 1. Agarwal, Shrl 8avl Þ. Slngh and Shrl 8haraL 8husan are on Lhe 8oard of Lhe Company.
Aud|tors
M/s. 1. Candhl & Co., CharLered AccounLanLs, 8angalore were appolnLed by C&AC as SLaLuLory AudlLors of Lhe company for Lhe llnanclal
?ear 2012-13.
Comptro||er and Aud|tor Genera|'s Comments
CompLroller and AudlLor Ceneral's vlde lLs leuer daLed 14Lh !une, 2013 declded noL Lo revlew Lhe reporL of SLaLuLory AudlLors on Lhe
accounLs of Lhe Company for Lhe llnanclal ?ear ended 31sL March, 2013.Copy of Lhe leuer recelved ls annexed as Annexure-l Lo Lhls
reporL.
D|rectors' kespons|b|||ty Statement
ÞursuanL Lo Lhe requlremenLs under Secuon 217(2AA) of Lhe companles AcL, 1936 wlLh respecL Lo ulrecLors 8esponslblllLy SLaLemenL, lL ls
hereby conñrmed:
l) LhaL ln Lhe preparauon of Lhe accounLs for Lhe perlod endlng 31sL March, 2013 Lhe appllcable accounung sLandards had been
followed,
ll) LhaL Lhe ulrecLors had selecLed such accounung pollcles and applled Lhem conslsLenLly and made [udgmenLs and esumaLes LhaL were
reasonable and prudenL so as Lo glve a Lrue and falr vlew of Lhe sLaLe of añalrs of Lhe Company aL Lhe end of Lhe year and of Lhe proñL
or loss of Lhe Company for Lhe year under revlew,
lll) LhaL Lhe ulrecLors have Laken proper and sumclenL care for Lhe malnLenance of adequaLe accounung records ln accordance wlLh Lhe
provlslons of Lhe Companles AcL, 1936 for safeguardlng Lhe asseLs of Lhe Company and for prevenung and deLecung fraud and oLher
lrregularlues,
lv) LhaL Lhe ulrecLors have prepared accounLs for perlod ended 31sL March, 2013 on a golng concern basls.
Þarncu|ars of Lmp|oyees
1here ls no employee whose paruculars are requlred Lo be glven ln Lerms of Secuon 217(2A) of Companles AcL, 1936 read wlLh Lhe Companles
(Þaruculars of Lmployees) 8ules, 1973.
Conservanon of Lnergy, 1echno|ogy Absorpnon, Iore|gn Lxchange Larn|ng & Cutgo.
Slnce no commerclal acuvlLy was carrled ouL by Lhe Company, furnlshlng of lnformauon ln respecL of conservauon of energy, Lechnology
absorpuon and forelgn exchange earnlngs and ouLgo are noL appllcable Lo Lhe Company.
Acknow|edgement
1he 8oard exLends lLs slncere Lhanks Lo ÞCWL8C8lu, CompLroller & AudlLor Ceneral of lndla and Lhe AudlLors of Lhe Company.
lor and on behalf of
ÞCWLkGkID NM 1ransm|ss|on L|m|ted.
sd/-
(I. S. Iha)
Chalrman
uaLe: 31
sL
!uly, 2013 .
Þlace: new uelhl.
DIRECTORS’ REPORT
1ì1
ANNLkUkL - I to the D|rector's keport
CCMMLN1S CI 1nL CCMÞ1kCLLLk AND AUDI1Ck GLNLkAL CI INDIA UNDLk SLC1ICN 619(4) CI 1nL CCMÞANILS
AC1, 19S6 CN 1nL ACCCUN1S CI ÞCWLkGk|D NM 1kANSMISSICN LIMI1LD, NLW DLLnI ICk 1nL ¥LAk LNDLD
31
st
MAkCn, 2013
1he preparauon of ñnanclal sLaLemenLs of Þowergrld nM 1ransmlsslon LlmlLed, new uelhl, for Lhe year ended 31
sL
March 2013 ln accordance
wlLh Lhe ñnanclal reporung framework Þrescrlbed under Lhe Companles AcL, 1936 ls Lhe responslblllLy of Lhe ManagemenL of Lhe Company.
1he SLaLuLory AudlLors appolnLed by Lhe CompLroller and AudlLor Ceneral of lndla under Secuon 619(2) of Lhe Companles AcL, 1936 are
responslble for expresslng oplnlon on Lhese ñnanclal sLaLemenLs under Secuon 227 of Lhe Companles AcL, 1936 based on lndependenL audlL
ln accordance wlLh Lhe audlung and assurance sLandards prescrlbed by Lhelr Þrofesslonal body, Lhe lnsuLuLe of CharLered AccounLanLs of
lndla. 1hls ls sLaLed Lo have been done by Lhem vlde Lhelr AudlL 8eporL daLed 21
sL
May 2013.
l, on behalf of Lhe CompLroller and AudlLor Ceneral of lndla, have declded noL Lo revlew Lhe 8eporL of Lhe SLaLuLory AudlLors on Lhe
accounLs of Þower grld nM 1ransmlsslon LlmlLed, new uelhl for Lhe year ended 31
sL
March 2013 and as such have no commenLs Lo make
under Secuon 619(4) of Lhe Companles AcL, 1936.
lor and on Lhe behalf of Lhe
CompLroller & AudlLor Ceneral of lndla
sd]-
(8r|[ Mohan)
Þr|nc|pa| D|rector of Commerc|a| Aud|t &
Þlace: new uelhl Lx- omc|o Member Aud|t 8oard -III
uaLed: 14
Lh
!une, 2013 New De|h|
1ìZ
8a|ance Sheet as at 31
st
March, 2013
I . LÇUI1¥ AND LIA8ILI1ILS
(1) Share no|der's Iunds
(a) Share CaplLal 3 300000 300000
(b) 8eserves & Surplus 4 (34034) (34034)
46S966 46S966
(2) Current L|ab|||nes
Þayable Lo Þowergld(Poldlng company) 3 203433381 194638,933
CLher CurrenL Llablllues 3 142626 -
20SS78207 1946S8933
1ota| 206044173 19S124899

II . ASSL1S
(1) Non-current Assets
(a) llxed AsseLs
(l) 1anglble AsseLs - -
(ll) CaplLal Work ln Þrogress 6 206034611 193113077
206034611 19S11S077
(2) CUkkLN1 ASSL1S
(a) Cash and cash equlvalenLs 7 9362 9822
9S62 9822
1ota| 206044173 19S124899
Accounung pollcles 2.1
CLher noLes on accounLs 12 Lo 26
1he accompanylng noLes are an lnLegral parL of Lhe ñnanclal sLaLemenLs
Þarncu|ars
(AmounL ln `)
Note No.
As at 31
st

March, 2013
As at 31
st

March, 2012
As per our report of even date
Ior & Cn 8eha|f of
1. Gandh| & Co.
CnAk1LkLD ACCCUN1AN1S
I|rm keg No. 00008S3S
1. Gandh|
Partner
Mem No. 02S49S
Ior and on beha|f of 8oard of D|rectors
(k. 1. Agarwa|) (I. S. Iha)
ulrecLor Chalrman-parL ume
Þlace: 8angalore
uaLe: 21
sL
May, 2013
Þlace: Curgaon
uaLe: 21
sL
May, 2013
1ìJ
I. kevenue from Cperanons
(a) ConsulLancy lncome - -
II. Cther Income
CLher lncome - -
III. 1ota| (I+II) - -
IV. LkÞLNSLS
Lmp|oyee beneht Lxpenses 8 - -
I|nance costs 9 - -
Adm|n|stranon & other expenses 10 - -
Þre||m|nary Lxpenses - 34034
1ota| - 34034
V. Þroht before excepnona| and extraord|nary |tems and tax (III-IV) - (34034)
VI. Lxcepuonal lLmes/ Þrlor Þerlod Lxpense - -
VII. Þroht before excepnona| and extraord|nary |tems and tax (V-VI) - (34034)
VIII. LxLraordlnary lLmes - -
Ik. Þroht 8efore 1ax (VII-VIII) - (34034)
k. 1ax Lxpenses
(1) CurrenL 1ax
for currenL year - -
for earller year - -
- -
(2) ueferred 1ax - -
kI. Þroht](Loss) for the per|od (Ik-k) - (34034)
kII. Larn|ngs per equ|ty shares:
(1) 8as|c - -
(2) D||uted - -

LxpendlLure durlng consLrucuon perlod 11 10381748 193113077
Accounung pollcles 2.1
CLher noLes on accounLs 12 Lo 26
1he accompanylng noLes are an lnLegral parL of Lhe ñnanclal sLaLemenLs
(AmounL ln `)
Þarncu|ars
Statement of Þroht and Loss for the year ended 31
st
March, 2013
Note No.
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
As per our report of even date
Ior & Cn 8eha|f of
1. Gandh| & Co.
CnAk1LkLD ACCCUN1AN1S
I|rm keg No. 00008S3S
1. Gandh|
Partner
Mem No. 02S49S
Ior and on beha|f of 8oard of D|rectors
(k. 1. Agarwa|) (I. S. Iha)
ulrecLor Chalrman-parL ume
Þlace: 8angalore
uaLe: 21
sL
May, 2013
Þlace: Curgaon
uaLe: 21
sL
May, 2013
1ì+
A. CASn ILCW IkCM CÞLkA1ING AC1IVI1ILS
neL ÞroñL/(Loss) as per ÞroñL & Loss A/c - (34034)
Þrlor Þerlod Lxpenses/ Þrellmlnary expenses - -
Cperaung proñL before worklng caplLal changes - (34034)
Ad[usLmenL lor lncrease/uecrease ln:
CLher CurrenL AsseLs - -
ShorL 1erm Loans & Advances - -
CurrenL Llablllues & Þrovlslons 10919274 194638933
1ota| 10919274 194624899
8. CASn ILCW IkCM INVLS1ING AC1IVI1ILS
CaplLal Work ln Þrogress (10919334) (193113077)
1ota| (10919S34) (193113077)
C. CASn ILCW IkCM IINANCIAL AC1IVI1ILS
lssue of Share CaplLal - 300000
1ota| - 300000

NL1 INCkLASL](DLCkLASL) IN CASn ILCW (A+8+C) (260) 9822
CASn & CASn LÇUIVALLN1 A1 1nL 8LGINNING CI 1nL ¥LAk 9822 -
CASn & CASn LÇUIVALLN1 A1 1nL LND CI 1nL ¥LAk 9S62 9822
Cash on hand and balance wlLh banks 9S62 9822
CLher Cash and Cash LqulvalenLs - -
Cash I|ow Statement for the year ended 31
st
March, 2013
Þarncu|ars
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(AmounL ln `)
As per our report of even date
Ior & Cn 8eha|f of
1. Gandh| & Co.
CnAk1LkLD ACCCUN1AN1S
I|rm keg No. 00008S3S
1. Gandh|
Partner
Mem No. 02S49S
Ior and on beha|f of 8oard of D|rectors
(k. 1. Agarwa|) (I. S. Iha)
ulrecLor Chalrman-parL ume
Þlace: 8angalore
uaLe: 21
sL
May, 2013
Þlace: Curgaon
uaLe: 21
sL
May, 2013
1ì5
1 Corporate Informanon
1he Company was lncorporaLed on 20/03/2011 under Lhe Companles AcL 1936 as a wholly owned subsldlary of ÞlC Consulung LlmlLed
(ÞlCCL), (A wholly owned subsldlary of Þower llnance Corporauon LLd, a CovL. of lndla underLaklng.). CeruñcaLe for CommencemenL
of 8uslness was lssued on 19/08/2011. 1he Company has been lncorporaLed Lo develop power sysLem neLwork and SLudy, lnvesugaLe,
collecL lnformauon and daLa eLc. for Lhe purpose of Lransmlsslon of elecLrlclLy Lhrough Lhe sLaLes of 1amll nadu and karnaLaka (Þro[ecL).
1he Company was Laken over by Þower Crld Corporauon of lndla LLd. on 29/03/2012.
2 8as|s of Þreparanon
1he Company prepares lLs ñnanclal sLaLemenLs ln accordance wlLh appllcable accounung sLandards and generally accepLed accounung
prlnclples and also ln accordance wlLh requlremenLs of Lhe Companles AcL, 1936.
1he preparauon of ñnanclal sLaLemenLs requlres managemenL Lo make esumaLes and assumpuons consldered ln Lhe reporLed amounLs
of asseLs and llablllues (lncludlng conungenL llablllues), revenues and expenses of Lhe reporung perlod. 1he dlñerence beLween Lhe
acLual resulLs and esumaLes are recognlzed ln Lhe perlod ln whlch Lhe resulLs are known and/or maLerlallsed.
2.1 Summary of S|gn|hcant Accounnng Þo||c|es
a. kecogn|non of Income ] Lxpend|ture
lncome and expenses (excepL oLherwlse sLaLed) are accounLed for on accrual basls.
b. I|xed Assets
llxed asseLs are shown aL hlsLorlcal cosL less currenL/ accumulaLed depreclauon. 1he company caplLallzes all dlrecL cosL lncludlng
borrowlng cosL up Lo Lhe daLe of commerclal use of such asseLs.
c. Deprec|anon ] Amornsanon
uepreclauon on asseLs ls provlded on SLralghL Llne meLhod, ln accordance wlLh Lhe raLes prescrlbed ln Schedule xlv of Lhe
Companles AcL, 1936.
lLems of llxed AsseLs acqulred durlng Lhe year cosung up Lo ` 3000/- are fully depreclaLed.
d. Cap|ta| Work |n Þrogress
LxpendlLure lncurred on Survey /SLudles /lnvesugauons /ConsulLancy /AdmlnlsLrauon /lnLeresL/Manpower Charges eLc. has been
caplLallzed & LreaLed as CaplLal Work ln Þrogress.
e. Lxpend|ture |ncurred by no|d|ng Company
LxpendlLure lncurred by Lhe company for Lhe Þro[ecL ls ñnanced by Lhe Poldlng Company (Þower Crld Corporauon of lndla LLd.)
and consldered as currenL llablllues.
f. Þre||m|nary Lxpenses
Þrellmlnary expenses has been charged Lo Lhe ÞroñL & Loss accounL ln Lhe year ln whlch such expendlLure has been lncurred.
g. 8orrow|ng Costs
8orrowlng cosL ls charged Lo Lhe proñL & loss accounL for Lhe year ln whlch lL ls lncurred excepL for caplLal asseLs whlch ls
caplLallzed ull Lhe daLe of commerclal use of Lhe asseLs.
h. Þrov|s|ons, Connngent L|ab|||nes and Assets
1he Company recognlzes a provlslon when Lhere ls a presenL obllgauon as a resulL of a pasL evenL LhaL probably requlres ouulow
of resources,whlch can be rellably esumaLed. ulsclosures for a conungenL llablllLy are made wlLhouL a provlslon ln Lhe books when
Lhere ls an obllgauon LhaL may,buL probably wlll noL(ln Lhe oplnlon of Lhe ManagemenL), requlre ouulow of resources. ConungenL
AsseLs are nelLher recognlzed nor dlsclosed ln Lhe ñnanclal sLaLemenLs.
| Cash I|ow Statement
Cash ßow SLaLemenL ls prepared ln accordance wlLh Lhe lndlrecL meLhod prescrlbed ln Accounung SLandard-3 on Cash llow
SLaLemenL.
Notes to I|nanc|a| Statements for the per|od ended 31
st
March, 2013
1ìë
AuLhorlsed :
30000 LqulLy shares of `10/- each 300000 300000
Issued, subscr|bed and fu||y pa|d up shares :
30000 LqulLy shares of `10/- each fully pald-up 300000 300000
1ota| Issued, subscr|bed and fu||y pa|d up share cap|ta| S00000 300000
Lqu|ty Shares
AL Lhe beglnnlng of Lhe perlod 30000 300000 - -
lssued uurlng Lhe perlod - - 30000 300000
Cutstand|ng at the end of the per|od S0000 S00000 30000 300000
3 SnAkL CAÞI1AL
a. 8econclllauon of Lhe shares ouLsLandlng aL Lhe beglnnlng and aL Lhe end of Lhe reporung perlod
b. 1erms/ rlghLs auached Lo equlLy shares
1he Company has only one class of equlLy shares havlng par value of ` 10 per share. Lach holder of equlLy shares ls enuLled Lo one
voLe per share.
ln Lhe evenL of llquldauon of Lhe company, Lhe holders of equlLy shares wlll be enuLled Lo recelve remalnlng asseLs of Lhe company, aûer
dlsLrlbuuon of all preferenual amounLs. 1he dlsLrlbuuon wlll be ln proporuon Lo Lhe number of equlLy shares held by Lhe shareholders.
c. Shares he|d by ho|d|ng company
CuL of equlLy shares lssued by Lhe company, shares held by lLs Poldlng Company are as below:
Þower Gr|d Corporanon L|m|ted, the no|d|ng Company
30000 equlLy shares of ` 10 each fully pald 300000 300000
d. Deta||s of shareho|ders ho|d|ng more than S¼ shares |n the company
Lqu|ty Shares of ` 10 each fu||y pa|d 30000 100° 30000 100°
Þower Gr|d Corporanon L|m|ted, the no|d|ng Company
S0000 100¼ 30000 100°
* CuL of 30,000 equlLy shares 600 shares are held by nomlnees of Þower Crld Corporauon of lndla llmlLed on lLs behalf.
4 kLSLkVLS & SUkÞLUS
Surp|us(Dehc|t) |n the statement of Þroht and Loss Account
As per Las ba|ancesheet
Add: Add|nons
C|os|ng ba|ance

(34034)
-

-
(34034)
(34034) (34034)
(AmounL ln `)
Þarncu|ars
(AmounL ln `)
As at 31
st

March, 2013
As at 31
st

March, 2012
Descr|pnon
No.of Shares ( Amount |n ` ) No.of Shares ( Amount |n ` )
Ior the year ended 31
st
March, 2013 Ior the year ended 31
st
March, 2012
No.of Shares ¼ ho|d|ng |n the c|ass No.of Shares ¼ ho|d|ng |n the c|ass
As at 31
st
March, 2013 As at 31
st
March, 2012
Descr|pnon As at 31
st
March, 2013 As at 31
st
March, 2012
(AmounL ln `)
Descr|pnon As at 31
st
March, 2013 As at 31
st
March, 2012
(AmounL ln `)
1ìì
S Cther Current L|ab|||n|es

Þayable Lo Þower Crld 203433381 194638933
ueposlLs 8eLenuon money from conLracLors and oLhers. 70439 -
Þayable Lo ConLracLors - Survery conLracL work 30861 -
AudlL lees Þayable 33393
1uS Þayable 3933 -
CLhers 2000
1ota| 20SS78207 1946S8933
6 Cap|ta| Work |n Þrogress
(Amount |n ` )
Descr|pnon As at Add|nons Ad[ustments cap|ta||sed As at
31st March, 2012 dur|ng the year 31st March, 2013
l) Survey lnvesugauon ConsulLancy Charges - 339802 - - 339802
ll) LxpendlLure durlng ConsLrucuon 193113077 10381748 (197984) - 203694809
1ota| 193113077 10917334 (197984) - 206034611
Þrevlous ?ear - 193113077 - - 193113077
7 Cash and Cash Lqu|va|ents
8a|ances w|th banks:
Cn currenL accounLs 9362 9822
1ota| 9S62 9822
8 Lmp|oyee beneht Lxpenses

Manpower Charges 361103 22810731
361103 22810731
Less: 1ransferred Lo lncldenual Lxp uurlng ConsLucuon (CWlÞ) noLe 11 Llne (l) 361103 22810731
1ota| - -
9 I|nance Cost

llnance charges 3826403 1462000
3826403 1462000
Less: 1ransferred Lo lncldenual Lxp uurlng ConsLucuon (CWlÞ) noLe 11 Llne (ll) 3826403 1462000
1ota| - -
Þarncu|ars
(AmounL ln `)
As at 31
st

March, 2013
As at 31
st

March, 2012
Þarncu|ars
(AmounL ln `)
As at 31
st

March, 2013
As at 31
st

March, 2012
Þarncu|ars
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(AmounL ln `)
Þarncu|ars
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(AmounL ln `)
1ìe
10 Adm|n|stranon and Cther Lxpenses
AudlL lees 39326 39326
Ceruñcauon Charges - 22472
Þrofesslonal Charges 197630 163311709
Conference Charges - 29334
Þrlnung & SLauonary 108643 39233
AdverusemenL 812681 2678014
vehlcle Plrlng 230414 119739
Survey & SLudles Lxpenses - 1628236
Legal & llllng Charges - 600
1our & 1ravelllng 128993 79066
1ender Lxpenses 147314 -
CL8C Appllcauon fee and CLher Charges 4200000 -
CLher AdmlnlsLrauve Lxpenses 109239 674377
3994242 170842326
Less: 1ransferred Lo lncldenual Lxp uurlng ConsLucuon (CWlÞ) noLe 11 Llne (lll) 3994242 170842326
1ota| - -
11 Inc|denta| Lxpend|ture Dur|ng Construcnon (ILDC)

Lmployee beneñL Lxpenses 361103 22810731
llnance CosL 3826403 1462000
AdmlnlsLrauon and CLher Lxpenses 3994242 170842326
1ota| 10381748 193113077
AdmlnlsLrauon and CLher Lxpenses(lLuC) lncludes a sum of`23,00,000/- pald Lo CL8C Lowards appllcauon fee for adopuon of
Lransmlsslon charges.
13 1he deta||s of key Management Þersonne| are as fo||ows:
S. No. Name Des|gnanon Date of Appo|ntment Date of kes|gnanon
1 Shrl l S !ha Chalrman (ÞarL-ume) 29.03.2012 Conunulng
2 Shrl 8 1 Agarwal ulrecLor 29.03.2012 Conunulng
3 Shrl 8haraL 8hushan ulrecLor 29.03.2012 Conunulng
4 Shrl San[ay 8al ulrecLor 20.03.2011 04.04.2012
3 Shrl 8avl Þ Slngh ulrecLor 29.11.2012 Conunulng
6 Shrl 8 n Slngh CLC (ÞarL-ume) 29.03.2012 Conunulng
12 ConsequenL Lo Lhe selecuon of Successful 8ldder (M/s Þower Crld Corporauon of lndla LlmlLed) as per 1arlñ based compeuuve blddlng
guldellnes for Lransmlsslon servlces and guldellnes for encouraglng compeuuon ln developmenL of Lransmlsslon pro[ecLs daLed 13/04/06
(as amended from ume Lo ume) and as per lssued blddlng documenLs, Lhe company was Lransferred Lo M/s Þower Crld Corporauon of
lndla LlmlLed (Successful 8ldder) vlde Share purchase AgreemenL daLed 29Lh March 2012 by Lhe ÞlCCL (Lransferor). Aûer Lransfer, Lhe
company ceases Lo be a subsldlary of ÞlCCL and became a subsldlary of Þower Crld Corporauon of lndla LLd.
Þarncu|ars
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(AmounL ln `)
Þarncu|ars
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(AmounL ln `)
1ìJ
14 Lmployees worklng for Lhe Company are from holdlng company l.e. M/s Þower Crld Corporauon of lndla LlmlLed (ÞCClL). 1he manpower
charges ` 361103/- of employee are charged by ÞCClL on Lhe basls of cosL Lo company based on acLual ume uullsed by Lhe employees
for Lhe Company.
13 1he relaLed expenses are pald by Lhe Poldlng Company (ÞCClL) and charged Lo Lhe Company. Crlglnal Supporung bllls ln respecL of
expendlLure lncurred by Lhe Poldlng company are reLalned by Lhem of whlch coples are avallable wlLh Lhe Company. 1he holdlng
company wlll comply sLaLuLory provlslons relaung Lo Lhe 'ueducuon of Lax aL source' eLc. as appllcable Lo Lhese expenses.
16 l) LsumaLed amounL of conLracLs remalnlng Lo be execuLed on caplLal accounL and noL provlded for ls ` 1464120300
ll) ConungenL llablllues of Lhe company and clalms agalnsL Lhe company noL acknowledged by Lhe company as ceruñed by Lhe
managemenL for Lhe perlod ls nll.
18 1he Company has complled wlLh all Lhe appllcable Accounung SLandards nouñed under secuon 211 of Lhe Companles AcL 1936. Powever
AS -22 relaung Lo ueferred 1ax LlablllLy /AsseL perLalnlng Lo umlng dlñerence ls noL appllcable Lo Lhe company ln vlew of Lhe facL LhaL
Lhe company ls sull ln Lhe consLrucuon phase and yeL Lo commence lLs operauon.
19 1he dlsclosure as per AS 18 - 8elaLed ÞarLy ulsclosure :
1he ÞCWL8C8lu nM 1ransmlsslon LlmlLed (ersLwhlle nagapamnam Madhuglrl 1ransmlsslon Company LlmlLed) ls a wholly owned
subsldlary of Þower Crld Corporauon of lndla LLd. All key declslons are Laken by Lhe 8oard of ÞCWL8C8lu nM 1ransmlsslon LlmlLed
where Lhe ÞCWL8C8lu nomlnees exerclse conLrol.
LxpendlLure of ` 10721330/- lncurred by Þowergrld corporauon of lndla llmlLed on behalf of company durlng Lhe year 2012-13 ls dlrecLly
aurlbuLable Lo Lhe company, noL quallñed as relaLed parLy Lransacuon, and has been lncluded ln CWlÞ and deplcLed as CurrenL LlablllLy.
20 1he CurrenL Llablllues lncludes a sum of ` 203433381/- due Lo Poldlng Company for whlch no lnLeresL has been charged by Poldlng
Company
21 1he Company owes no dues Lo small-scale unlLs for Lhe perlod ended and hence provlslon of lnLeresL does noL arlse. lurLher based
on lnformauon avallable wlLh Lhe managemenL, Lhere are no dues payable Lo enLerprlses covered under ºMlcro, Small and Medlum
LnLerprlses uevelopmenL AcL, 2006".
22 Slnce Lhere are no employees ln Lhe company, Lhe obllgauon as per Accounung SLandard-13 (8evlsed) do noL arlses.
17 Aud|tors kemuneranon (|nc|ud|ng Serv|ce 1ax)
S. No. Þarncu|ars Ior the year ended
31
st
March, 2013
1 SLaLuLory AudlL lees 33000
Servlce 1ax 4326
1ota| 39326
ueLalls of 8elaLed parues and naLure of relauonshlp
S. No. Nature of ke|anonsh|p Name of the ke|ated Þarty
1 Poldlng Company (aûer share purchase agreemenL daLed 29.03.2012) Þower Crld Corporauon of lndla LlmlLed
Deta||s of ke|ated party transacnons
S. No. Þarncu|ars Ior the year ended
31
st
March, 2013
ÞCWLk GkID CCkÞCkA1ICN CI INDIA LIMI1LD
1 LqulLy ConLrlbuuon 300000
2 Closlng 8alances: -
2(a) Þayable Lo Þower Crld Corporauon of lndla LlmlLed 203433381
(AmounL ln `)
(AmounL ln `)
1eJ
23 Larn|ng Þer Share
ln Lerms of Accounung SLandard 20 on ºLarnlngs per Share" nouñed under Lhe Companles AcL 1936, Larnlng per share (8aslc &
ulluLed) ls worked ouL as follows: -
S. No. Þarncu|ars Ior the year ended
31
st
March, 2013
1 nomlnal value of share ` 10
2 number of LqulLy shares (no.) 30,000
3 neL ÞroñL aûer Lax ` -
4 Larnlng per share ` -
24 (a) LxpendlLure ln forelgn currency - nll
(b) lncome ln forelgn exchange - nll
23 llgures have been rounded oñ Lo Lhe nearesL 8upee unless oLherwlse sLaLed.
26 1he name of Lhe company has been changed from nACAÞA11lnAM-MAuPuCl8l 18AnSMlSSlCn CCMÞAn? LlMl1Lu Lo ÞCWL8C8lu
nM 18AnSMlSSlCn LlMl1Lu durlng Lhe year.
As per our report of even date
Ior & Cn 8eha|f of
1. Gandh| & Co.
CnAk1LkLD ACCCUN1AN1S
I|rm keg No. 00008S3S
1. Gandh|
Partner
Mem No. 02S49S
Ior and on beha|f of 8oard of D|rectors
(k. 1. Agarwa|) (I. S. Iha)
ulrecLor Chalrman-parL ume
Þlace: 8angalore
uaLe: 21
sL
May, 2013
Þlace: Curgaon
uaLe: 21
sL
May, 2013
1e1
TO
1nL MLM8LkS CI M]s. ÞCWLkGkID NM 1kANSMISSICN LIMI1LD.
We have audlLed Lhe accompanylng ñnanclal sLaLemenLs of M/s. ÞCWL8C8lu nM 18AnSMlSSlCn LlMl1Lu (ºLhe Company"), whlch
comprlse Lhe 8alance SheeL as aL March 31, 2013, and Lhe SLaLemenL of ÞroñL and Loss and Cash llow SLaLemenL for Lhe year ended, and a
summary of slgnlñcanL accounung pollcles and oLher explanaLory lnformauon.
ManagemenL ls responslble for Lhe preparauon of Lhese ñnanclal sLaLemenLs LhaL glve a Lrue and falr vlew of Lhe ñnanclal posluon, ñnanclal
performance and cash ßows of Lhe Company ln accordance wlLh Lhe Accounung SLandards referred Lo ln sub-secuon (3C) of secuon 211 of
Lhe Companles AcL, 1936 (ºLhe AcL"). 1hls responslblllLy lncludes Lhe deslgn, lmplemenLauon and malnLenance of lnLernal conLrol relevanL
Lo Lhe preparauon and presenLauon of Lhe ñnanclal sLaLemenLs LhaL glve a Lrue and falr vlew and are free from maLerlal mlssLaLemenL,
wheLher due Lo fraud or error.
Cur responslblllLy ls Lo express an oplnlon on Lhese ñnanclal sLaLemenLs based on our audlL. We conducLed our audlL ln accordance wlLh
Lhe SLandards on Audlung lssued by Lhe lnsuLuLe of CharLered AccounLanLs of lndla. 1hose SLandards requlre LhaL we comply wlLh eLhlcal
requlremenLs and plan and perform Lhe audlL Lo obLaln reasonable assurance abouL wheLher Lhe ñnanclal sLaLemenLs are free from maLerlal
mlssLaLemenL.
An audlL lnvolves performlng procedures Lo obLaln audlL evldence abouL Lhe amounLs and dlsclosures ln Lhe ñnanclal sLaLemenLs. 1he
procedures selecLed depend on Lhe audlLor's [udgmenL, lncludlng Lhe assessmenL of Lhe rlsks of maLerlal mlssLaLemenLs of Lhe ñnanclal
sLaLemenLs, wheLher due Lo fraud or error. ln maklng Lhose rlsk assessmenLs, Lhe audlLor conslders lnLernal conLrol relevanL Lo Lhe Company's
preparauon and falr presenLauon of Lhe ñnanclal sLaLemenLs ln order Lo deslgn audlL procedures LhaL are approprlaLe ln Lhe clrcumsLances.
An audlL also lncludes evaluaung Lhe approprlaLeness of accounung pollcles used and Lhe reasonableness of Lhe accounung esumaLes made
by managemenL, as well as evaluaung Lhe overall presenLauon of Lhe ñnanclal sLaLemenLs.
We belleve LhaL Lhe audlL evldence we have obLalned ls sumclenL and approprlaLe Lo provlde a basls for our audlL oplnlon.
ln our oplnlon and Lo Lhe besL of our lnformauon and accordlng Lo Lhe explanauons glven Lo us, Lhe ñnanclal sLaLemenLs glve Lhe lnformauon
requlred by Lhe AcL ln Lhe manner so requlred and glve a Lrue and falr vlew ln conformlLy wlLh Lhe accounung prlnclples generally accepLed
ln lndla:
a) ln Lhe case of Lhe 8alance SheeL, of Lhe sLaLe of añalrs of Lhe Company as aL March 31, 2013,
b) ln Lhe case of Lhe ÞroñL and Loss AccounL, of Lhe proñL/loss (nll) for Lhe year ended on LhaL daLe, and
c) ln Lhe case of Lhe Cash llow SLaLemenL, of Lhe cash ßows for Lhe year ended on LhaL daLe.
1. As requlred by Lhe Companles (AudlLor's 8eporL) Crder, 2003 (ºLhe Crder") lssued by Lhe CenLral CovernmenL of lndla ln Lerms of
sub-secuon (4A)of secuon 227 of Lhe AcL, we glve ln Lhe Annexure a sLaLemenL on Lhe mauers speclñed ln paragraphs 4 and 3 of Lhe
Crder.
2. As requlred by secuon 227(3) of Lhe AcL, we reporL LhaL:
a) We have obLalned all Lhe lnformauon and explanauons whlch Lo Lhe besL of our knowledge and bellef were necessary for Lhe
purpose of our audlL,
b) ln our oplnlon, proper books of accounL as requlred by law have been kepL by Lhe Company so far as appears from our examlnauon
of Lhose books.
c) 1he 8alance SheeL, SLaLemenL of ÞroñL and Loss, and Cash llow SLaLemenL dealL wlLh by Lhls 8eporL are ln agreemenL wlLh Lhe
books of accounL.
d) ln our oplnlon, Lhe 8alance SheeL, SLaLemenL of ÞroñL and Loss, and Cash llow SLaLemenL comply wlLh Lhe Accounung SLandards
referred Lo ln subsecuon(3C) of secuon 211 of Lhe Companles AcL, 1936,
e) ln Þursuance Lo Lhe nouñcauon no. CS8 829(L) daLed 21.10.2003 lssued by Lhe ueparLmenL of Company Añalrs: clause (g) of
sub-secuon (1) of secuon 274 of companles AcL, 1936 perLalnlng Lo dlsquallñcauon of ulrecLors ls noL appllcable Lo a CovernmenL
Company.
f) Slnce Lhe CenLral CovernmenL has noL lssued any nouñcauon as Lo Lhe raLe aL whlch Lhe cess ls Lo be pald under secuon 441A of
Lhe Companles AcL, 1936 nor has lL lssued any 8ules under Lhe sald secuon, prescrlblng Lhe manner ln whlch such cess ls Lo be
pald, no cess ls due and payable by Lhe Company.
lor and on behalf of 1. Gandh|& Co.,
CharLered AccounLanLs
llrm 8eg no. 000833S
1. Gandh|
ÞarLner
Membershlp no: 023493
Aud|tor's keport
Þlace: 8angalore
uaLe: 21
sL
May, 2013
1eZ
ANNLkUkL 1C AUDI1CkS' kLÞCk1 CI ÞCWLkGkID NM 1kANSMISSICN LIMI1LD (kLILkkLD 1C IN ÞAkAGkAÞn (1) CI CUk kLÞCk1 CI
LVLN DA1L)
1. (a) ln our oplnlon and accordlng Lo lnformauon and explanauons glven Lo us, provlslon of Þara 4(l ) (a) of Lhe Companles (AudlLors
8eporL) Crder, 2003 relaung Lo malnLalnlng proper records showlng full paruculars, lncludlng quanuLauve deLalls and slLuauon of
ñxed asseLs are noL appllcable Lo company as lL does noL have ñxed asseLs.
(b) ln our oplnlon and accordlng Lo lnformauon and explanauons glven Lo us, provlslon of para 4(l) (b) of Lhe Companles (AudlLors
8eporL) Crder, 2003 relaung Lo physlcal verlñcauon of lLs ñxed asseLs by Lhe managemenL ls noL appllcable Lo company as lL does
noL have ñxed asseLs.
(c) ln our oplnlon and accordlng Lo lnformauon and explanauons glven Lo us, provlslon of para 4(l) (c) of Lhe Companles (AudlLors
8eporL) Crder, 2003 relaung Lo dlsposal of any subsLanual parL of ñxed asseLs durlng Lhe year are noL appllcable Lo company as lL
does noL have llxed asseLs .
2. As Lhe company has noL purchased/sold goods durlng Lhe year nor are Lhere any sLocks. Accordlngly clauses 4(ll)(a),(b)and (c) of Lhe
companles (audlLor's 8eporL) Crder, 2003 are noL appllcable Lo Lhe company.
3. As explalned Lo us, Lhe company has noL Laken nor granLed any loans, secured or unsecured, from companles, ñrms and oLher parues
covered ln Lhe reglsLer malnLalned under secuon 301 of Lhe Companles AcL 1936. Accordlngly clauses 4(lll) (a),(b),(c)and(d) of Lhe
companles (AudlLor's 8eporL) Crder, 2003 are noL appllcable Lo Lhe company.
4. ln our oplnlon accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhe company does noL have ñxed asseLs and lnvenLorles and
has no commerclal acuvlues durlng Lhe year, Lhe provlslon of para 4(lv) of Lhe companles (AudlLor's 8eporL) Crder, 2003 relaung Lo
adequaLe lnLernal conLrol procedure commensuraLe wlLh Lhe slze of company and naLure of lLs buslness, for Lhe purchase of lnvenLory
and ñxed asseLs and for sale of goods and servlces are noL appllcable Lo company.
3. Accordlng Lo Lhe lnformauon and explanauon glven Lo us, Lhere are no Lransluons made ln pursuance of Lhe conLracLs or arrangemenLs
LhaL need Lo be enLered ln Lhe reglsLer malnLalned under secuon 301 of Lhe companles AcL, 1936.
6. Accordlng Lo Lhe lnformauon and explanauon glven Lo us, Lhe company has noL accepLed any deposlLs from Lhe publlc.
7. 1he company does noL have pald up caplLal and reserves of ` 30 lakhs as aL Lhe commencemenL of Lhe ñnanclal year concerned, or
have a average annual Lurnover exceedlng ñve crore rupees for a year of Lhelr consecuuve ñnanclal years lmmedlaLely precedlng
Lhe ñnanclal year concerned, Lhe provlslon of para 4 (vll) of Lhe companles (AudlLor's 8eporL) Crder, 2003 are noL appllcable Lo
company.
8. 1he company does noL have any buslness acuvlues durlng Lhe year, Lhe provlslon of para 4(vlll) of Lhe companles (AudlLor's 8eporL)
Crder, 2003 relaung Lo malnLalnlng of cosL records under secuon 209 (1)(d) of Lhe companles acL ls noL appllcable Lo Lhe company.
9. (a) Accordlng Lo Lhe lnformauon and explanauon glven Lo us, Lhe company ls regular ln deposlung undlspuLed sLaLuLory dues lncludlng
ÞrovldenL lund, lnvesLors Lducauon and proLecuon lund Lmployees sLaLe lnsurance, lncome 1ax, wealLh 1ax and oLher sLaLuLory
dues wlLh Lhe approprlaLe AuLhorlues Lhrough holdlng company l.e. Þower Crld Corporauon of lndla LlmlLed. Accordlng Lo
lnformauon and explanauon glven Lo us, Lhere are no undlspuLed sLaLuLory dues ouLsLandlng as aL 31sL March ,2013 for a perlod
of more Lhan slx monLhs from Lhe daLe Lhey become payable.
(b) Accordlng Lo Lhe lnformauon and explanauon glven Lo us, Lhere are no dues of lncome Lax, wealLh 1ax, whlch have noL been
deposlLed on accounL of any dlspuLe.
10. ln our oplnlon Lhe company noL havlng any accumulaLed losses, slnce buslness ls noL sLarLed aL Lhe end of Lhe currenL ñnanclal year.
All Lhe expenses are lncurred are caplLallzlng .And noL havlng any cash losses ln Lhe currenL ñnanclal year. Þrevlous loss of ` 34,034/- ls
on accounL of 100° wrlLe oñ of prellmlnary expendlLure.
11. Accordlng Lo Lhe records made avallable Lo us and lnformauon and explanauon glven by Lhe managemenL, Lhe company has noL Laken
any loan, from any ñnanclal lnsuLuuons or bank or debenLure holder, hence clause (xl) of paragraph 4 of Lhe order ls noL appllcable Lo
Lhe company.
12. ln our oplnlon and lnformauon and explanauon glven Lo us, provlslon of para 4 (xll) of Lhe companles (AudlLor's 8eporL) Crder, 2003
are noL appllcable Lo company as lL has noL glven any loans and advance on securlLy of shares, uebenLures and oLher securlues.
13. ln our oplnlon and accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhe company ls noL a chlL fund, nldhl/MuLual beneñL,
1eJ
1rusL/socleLy. Accordlng, provlslon of para 4 (xlll) of Lhe companles (AudlLor's 8eporL) Crder, 2003 ls noL appllcable Lo company.
14. Accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhe company ls noL deallng or Lradlng ln shares, securlues, debenLures
and oLher lnvesLmenLs and hence Lhe requlremenL of para 4 (xlv) of Lhe companles (AudlLor 8eporL) Crder, 2003 ls noL appllcable Lo
company.
13. Accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhe company has noL glven any guaranLee for loans Laken by oLhers from
Lhe 8anks or ñnanclal lnsuLuuons.
16. ln our oplnlon and accordlng Lo lnformauon and explanauon glven Lo us, Lhe company has noL obLalned any Lerm loan and hence Lhe
requlremenL of para 4 (xvl) of Lhe companles (AudlLor 8eporL) Crder, 2003 are noL appllcable Lo company.
17. Accordlng Lo Lhe lnformauon and explanauons glven Lo us and on an overall examlnauon of Lhe 8alance sheeL and cash llow sLaLemenL
of Lhe company, we reporL LhaL currenL llablllues of ` 20,34,33,381/- have been used for long Lerm lnvesLmenL purposes.
18. 1he company has noL made any preferenual alloLmenL of shares Lo parues and companles covered ln Lhe reglsLer malnLalned under
secuon 301 of Lhe Companles AcL, 1936.
19. Accordlng Lo Lhe lnformauon and explanauons glven Lo us Lhe company does noL have any debenLures and hence Lhe requlremenL of
para 4 (xlx) of Lhe companles (AudlLor 8eporL) Crder, 2003 are noL appllcable Lo company.
20. Accordlng Lo Lhe lnformauon and explanauons glven Lo us Lhe company has noL ralsed any money from publlc lssues durlng Lhe
year.
21. Accordlng Lo Lhe lnformauon and explanauons glven Lo us, no fraud on or by Lhe company has been nouced or reporLed durlng Lhe
course of our audlL.
lor and on behalf of 1. Gandh|& Co.,
CharLered accounLanLs
llrm 8eg no. 000833S
1. Gandh|
ÞarLner
Membershlp no 023493
Þlace: 8angalore
uaLe: 21
sL
May, 2013
1e+
1e5
Þowergr|d
Vemag|r| 1ransm|ss|on
L|m|ted -
Subs|d|ary Company
1eë
1o,
1he Members,
ÞCWL8C8lu vemaglrl 1ransmlsslon LlmlLed was lncorporaLed Lo esLabllsh Lransmlsslon sysLem assoclaLed wlLh lÞÞs of vemaglrl Area:
Þackage - A. 1he Lransmlsslon sysLem comprlses of 763 kv u/C llne whlch ls Lo Lraverse Lhe SLaLe of Andhra Þradesh. Appllcauon for granL
of Lransmlsslon llcense and adopuon of Lransmlsslon charges have been ñled before CL8C and Crder of CL8C ls awalLed.
8oard of D|rectors
uurlng Lhe year Shrl 8. Þ. Sasmal, ulrecLor (Cperauons), ÞCWL8C8lu has been appolnLed as an Addluonal ulrecLor of Lhe Company w.e.f.
29Lh november, 2012.
AL presenL Shrl 8. 1. Agarwal, Shrl l. S. !ha, Shrl v. Sekhar and Shrl 8. Þ. Sasmal are on Lhe 8oard of Lhe Company.
Aud|tors
M/s. S. 8. S. MurLhy & Co., CharLered AccounLanLs, Pyderabad, were appolnLed as SLaLuLory AudlLors of Lhe company for Lhe year 2012-13
by CompLroller & AudlLor Ceneral of lndla.
Comptro||er and Aud|tor Genera|'s Comments:
CompLroller and AudlLor Ceneral vlde lLs leuer daLed 14Lh !une, 2013 declded noL Lo revlew Lhe reporL of SLaLuLory AudlLors on Lhe accounLs
of Lhe Company for Lhe year ended 31sL March, 2013.Copy of Lhe leuer recelved ls annexed as Annexure-l Lo Lhls reporL.
D|rectors' kespons|b|||ty Statement
ÞursuanL Lo Lhe requlremenLs under Secuon 217(2AA) of Lhe companles AcL, 1936 wlLh respecL Lo ulrecLors 8esponslblllLy SLaLemenL, lL ls
hereby conñrmed:
l) LhaL ln Lhe preparauon of Lhe annual accounLs for Lhe year ended 31sL March, 2013 Lhe appllcable accounung sLandards had been
followed and no maLerlal deparLure have been made under Lhe same,
ll) LhaL Lhe ulrecLors had selecLed such accounung pollcles and applled Lhem conslsLenLly and made [udgmenLs and esumaLes LhaL were
reasonable and prudenL so as Lo glve a Lrue and falr vlew of Lhe sLaLe of añalrs of Lhe Company aL Lhe end of Lhe year and of Lhe proñL
or loss of Lhe Company for LhaL perlod,
lll) LhaL Lhe ulrecLors had Laken proper and sumclenL care for Lhe malnLenance of adequaLe accounung records ln accordance wlLh Lhe
provlslons of Lhe Companles AcL, 1936 for safeguardlng Lhe asseLs of Lhe Company and for prevenung and deLecung fraud and oLher
lrregularlues,
lv) LhaL Lhe ulrecLors had prepared accounLs for year ended 31sL March, 2013 on a golng concern basls.
Þarncu|ars of Lmp|oyees
1here ls no employee whose paruculars are requlred Lo be glven ln Lerms of Secuon 217(2A) of Companles AcL, 1936 read wlLh Lhe Companles
(Þaruculars of Lmployees) 8ules, 1973.
Conservauon of Lnergy, 1echnology Absorpuon, lorelgn Lxchange Larnlng & CuLgo
Slnce no commerclal acuvlLy was carrled ouL by Lhe Company, furnlshlng of lnformauon ln respecL of conservauon of energy, Lechnology
absorpuon and forelgn exchange earnlngs and ouLgo are noL appllcable Lo Lhe Company.
Acknow|edgement
1he 8oard exLends lLs slncere Lhanks Lo ÞCWL8C8lu, CompLroller & AudlLor Ceneral of lndla and AudlLors of Lhe Company.
lor and on behalf of
ÞCWLkGkID VLMAGIkI 1kANSMISSICN LIMI1LD.

sd/-
(k. 1. Agarwa|)
Chalrman
uaLe: 31
sL
!uly,2013.
Þlace: new uelhl.
DIRECTORS’ REPORT
1eì
ANNLkUkL - I to the D|rector's keport
CCMMLN1S CI 1nL CCMÞ1kCLLLk AND AUDI1Ck GLNLkAL CI INDIA UNDLk SLC1ICN 619(4) CI 1nL CCMÞANILS
AC1, 19S6 CN 1nL ACCCUN1S CI ÞCWLkGkID VLMAGIkI 1kANSMISSICN LIMI1LD, NLW DLLnI ICk 1nL ¥LAk
LNDLD 31
st
MAkCn, 2013
1he preparauon of ñnanclal sLaLemenL of Þowergrld vemaglrl 1ransmlsslon LlmlLed, new uelhl, for Lhe year ended 31sL March 2013 ln
accordance wlLh Lhe ñnanclal reporung framework prescrlbed under Lhe Companles AcL, 1936 ls Lhe responslblllLy of Lhe ManagemenL of
Lhe Company. 1he SLaLuLory AudlLors appolnLed by Lhe CompLroller and AudlLor Ceneral of lndla under Secuon 619(2) of Lhe Companles
AcL, 1936 are responslble for expresslng oplnlon on Lhese ñnanclal sLaLemenLs under Secuon 227 of Lhe Companles AcL, 1936 based on
lndependenL audlL ln accordance wlLh Lhe audlung and assurance sLandards prescrlbed by Lhelr professlonal body, Lhe lnsuLuLe of CharLered
AccounLanLs of lndla. 1hls ls sLaLed Lo have been done by Lhem vlde Lhelr AudlL 8eporL daLed 21sL May 2013.
l, on behalf of Lhe CompLroller and AudlLor Ceneral of lndla, have declded noL Lo revlew Lhe reporL of Lhe SLaLuLory AudlLors on Lhe accounLs
of Þowergrld vemaglrl 1ransmlsslon LlmlLed. new uelhl for Lhe year ended 31sL March 2013 and as such have no commenLs Lo make under
Secuon 619(4) of Lhe Companles AcL, 1936.
lor and on Lhe behalf of Lhe
CompLroller & AudlLor Ceneral of lndla
sd]-
(8r|[ Mohan)
Þr|nc|pa| D|rector of Commerc|a| Aud|t &
Þlace: new uelhl Lx- omc|o Member Aud|t 8oard -III
uaLed: 14
Lh
!une, 2013 New De|h|
1ee
I . LÇUI1¥ AND LIA8ILI1ILS

(1) Shareho|der's Iunds
(a) Share CaplLal 1 300000 300000
(b) 8eserves & Surplus 2 (28033) (28033)
471967 471967

(2) Current L|ab|||nes
1rade payables 3 - 162347024
CLher CurrenL Llablllues 4 192087871 16600763
ShorL 1erm Þrovlslons 3 1300 -
192089371 179147789
1ota| 192S61338 1796197S6

II . ASSL1S
(1) Non-current Assets
(a) llxed AsseLs
(l) 1anglble AsseLs -
(ll) CaplLal Work ln Þrogress 6 192341888 179600306

192S41888 179600306

(2) CUkkLN1 ASSL1S
(a) Cash and cash equlvalenLs 7 19430 19430
194S0 194S0

1ota| 192S61338 1796197S6
Accounung pollcles 13
noLes Lo accounLs 14
1he accompanylng noLes are an lnLegral parL of Lhe ñnanclal sLaLemenLs
Ior and on beha|f of the 8oard of D|rectors
SlCnLu ln 1L8MS Cl Cu8 8LÞC81 Cl LvLn uA1L
Ior S.8.S. MUk1n¥ & CC.,
CPA81L8Lu ACCCun1An1S
lCAl llrm 8eg. no:002213S
S. 8. Sr|n|vasa Murthy (k 1 Agarwa|) (I S Iha)
(ÞarLner) Chalrman-parL ume ulrecLor
Membershlp no. 026733
Þlace : Curgaon
uaLe : 21
sL
May, 2013
Descr|pnon
8a|ance Sheet as at 31
st
March, 2013
(AmounL ln `)
Note No.
As at 31
st

March, 2013
As at 31
st

March, 2012
1eJ
CLher lncome 8
Lmployee beneñL Lxpenses 9
llnance cosLs 10
AdmlnlsLrauon & oLher expenses 11
lLuC 12
Summary of slgnlñcanL Accounung Þollcles 13
noLes Lo accounLs 14
1he accompanylng noLes are an lnLegral parL of Lhe ñnanclal sLaLemenLs
Statement of Þroht and Loss for the year ended 31
st
March, 2013
Descr|pnon Note No. For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
I. kevenue from Cperanons
(a) ConsulLancy lncome - -
II. Cther Income
CLher lncome - -
III. 1ota| (I+II) - -
IV. LkÞLNSLS
Lmployee beneñL Lxpenses - -
llnance cosLs - -
AdmlnlsLrauon & oLher expenses - -
Þrellmlnary Lxpenses - 28033
1ota| - 28033
V. Þroht before excepnona| and extraord|nary |tems and tax (III-IV) - (28033)
VI. Lxcepuonal lLmes/ Þrlor Þerlod Lxpense - -
VII. Þroht before excepnona| and extraord|nary |tems and tax (V-VI) - (28033)
VIII. LxLraordlnary lLmes - -
Ik. Þroht 8efore 1ax (VII-VIII) - (28033)
k. 1ax Lxpenses
(1) CurrenL 1ax
for currenL year
for earller year
-
-
-
-
(2) ueferred 1ax - -
kI. Þroht (Loss) for the per|od (Ik-k) - (28033)
kII. Larn|ngs per equ|ty shares:
(1) 8as|c - (0.36)
(2) D||uted - (0.36)
(AmounL ln `)
SlCnLu ln 1L8MS Cl Cu8 8LÞC81 Cl LvLn uA1L
Ior S.8.S MUk1n¥ & CC.,
CPA81L8Lu ACCCun1An1S
lCAl llrm 8egn. no. 002213S Ior and on beha|f of the 8oard of D|rectors

S. 8. Sr|n|vasa Murthy (k. 1. Agarwa|) (I. S. Iha)
(ÞarLner) Chalrman-parL ume ulrecLor
Membershlp no. 026733
Þlace : Curgaon
uaLe : 21
sL
May, 2013
1JJ
Cash I|ow Statement Ior the year Lnded 31
st
March, 2013
Descr|pnon For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
A. CASn ILCW IkCM CÞLkA1ING AC1IVI1ILS
neL ÞroñL/(Loss) as per ÞroñL & Loss A/c - (28033)
Þrlor Þerlod Lxpenses/ Þrellmlnary expenses - -
Cperaung proñL before worklng caplLal changes - (28033)
Ad[usLmenL lor lncrease/uecrease ln:
1rade Þayables (162347024) 162347024
CLher currenL Llablllues 173487106 16360316
ShorL 1erm Þrovlslons 1300 40449
1C1AL 12941S82 179119736
8. CASn ILCW IkCM INVLS1ING AC1IVI1ILS
CaplLal Work ln Þrogress (12941382) (179600306)
1C1AL (12941S82) (179600306)
C. CASn ILCW IkCM IINANCIAL AC1IVI1ILS
lssue of Share CaplLal - 300000
1C1AL - 300000
NL1 INCkLASL](DLCkLASL) IN CASn ILCW - 19430
CASn & CASn LÇUIVALLN1 A1 1nL 8LGINNING CI 1nL ¥LAk 19430 -
CASn & CASn LÇUIVALLN1 A1 1nL LND CI 1nL ¥LAk 194S0 19430
Cash on hand and balance wlLh banks 19430 19430
CLher Cash and Cash LqulvalenLs - -
(AmounL ln `)
SlCnLu ln 1L8MS Cl Cu8 8LÞC81 Cl LvLn uA1L
Ior S.8.S MUk1n¥ & CC.,
CPA81L8Lu ACCCun1An1S
lCAl llrm 8egn. no. 002213S Ior and on beha|f of the 8oard of D|rectors

S. 8. Sr|n|vasa Murthy (k. 1. Agarwa|) (I. S. Iha)
(ÞarLner) Chalrman-parL ume ulrecLor
Membershlp no. 026733
Þlace : Curgaon
uaLe : 21
sL
May, 2013
1J1
Descr|pnon
Descr|pnon
Note 1 - Share Cap|ta|
Note 2 - keserves and surp|us
As at 31
st
March, 2013
As at 31
st
March, 2013
As at 31
st
March, 2012
As at 31
st
March, 2012
No.of Shares ¼ ho|d|ng |n the c|ass No.of Shares ¼ ho|d|ng |n the c|ass
As at 31
st
March, 2013 As at 31
st
March, 2012
AuLhorlsed :
30,000 LqulLy shares of ` 10/- each S00000 300000
lssued, subscrlbed and fully pald up shares :
30,000 LqulLy shares of ` 10/- each fully pald-up S00000 300000
a. keconc|||anon of the shares outstand|ng at the beg|nn|ng and at the end of the repornng per|od
Lqu|ty Shares
AL Lhe beglnnlng of Lhe perlod 30000 300000 - -
lssued uurlng Lhe perlod - - 30000 300000
Cutstand|ng at the end of the per|od S0000 S00000 30000 300000
b. 1erms] r|ghts auached to equ|ty shares
1he Company has only one class of equlLy shares havlng par value of ` 10 per share. Lach holder of equlLy shares ls enuLled Lo one
voLe per share.
ln Lhe evenL of llquldauon of Lhe company, Lhe holders of equlLy shares wlll be enuLled Lo recelve remalnlng asseLs of Lhe company,
aûer dlsLrlbuuon of all preferenual amounLs. 1he dlsLrlbuuon wlll be ln proporuon Lo Lhe number of equlLy shares held.
c. Shares he|d by ho|d|ng company
CuL of equlLy shares lssued by Lhe company, shares held by lLs Poldlng Company are as below:


Þower Gr|d Corporanon L|m|ted, the no|d|ng Company
30000 equlLy shares of ` 10 each fully pald 300000 -
d. Deta||s of shareho|ders ho|d|ng more than S¼ shares |n the company
Lqu|ty Shares of ` 10 each fu||y pa|d - - 30000 100°
kLC 1ransm|ss|on Þro[ects Company L|m|ted - - - -
Lqu|ty Shares of ` 10 each fu||y pa|d 30000 100° - -
Þower Gr|d Corporanon L|m|ted, the no|d|ng Company S0000 100¼ 30000 100°
* CuL of 30000 equlLy shares 6 shares are held by nomlnees of Þower Crld Corporauon of lndla llmlLed on lLs behalf.
Cpen|ng 8a|ance-Þroht & Loss Account (28033) -
Add: 1ransferred from Statement of Þroht & Loss Account - (28033)
1ota| (28033) (28033)
Descr|pnon
No.of Shares ( Amount |n ` ) No.of Shares ( Amount |n ` )
Ior the year ended 31
st
March, 2013 Ior the year ended 31
st
March, 2012
Note 3 - 1rade payab|es
8LC 1ransmlsslon Þro[ecLs Company LlmLed - 162347024
1ota| - 162347024
(AmounL ln `)
(AmounL ln `)
Descr|pnon As at 31
st
March, 2013 As at 31
st
March, 2012
(AmounL ln `)
Descr|pnon As at 31
st
March, 2013 As at 31
st
March, 2012
(AmounL ln `)
1JZ
(AmounL ln `)
Note 4 - Cther Current L|ab|||n|es
Note S - Short 1erm Þrov|s|ons
Note 7 - Cash and Cash Lqu|va|ents
Note 6 - Cap|ta| Work |n Þrogress
Þayable Lo ÞowerCrld Corporauon of lndla LLd-Poldlng company 192047871 0
1uS 8ecovered - 16360316
SLaLuLory AudlLor's fee 40000 40449
1ota| 192087871 16600763
Þrovlslon for expenses (AudlL lees) - -
Þrovlslon for 8CC llllng fees 1300
1S00 -
8a|ances w|th banks:
Cn currenL accounLs 19430 19430
1ota| 194S0 19430
Descr|pnon As at 31
st

March, 2012
Addnons Ad[ustments Cap|ta||sed dur|ng
the year
As at 31
st

March, 2013
lLuC 179600306 12941382 - - 192S41888
179600306 12941382 - - 192S41888
Less: AllocaLed Lo CaplLal Work ln Þrogress - - - - -
1ota| 179600306 12941382 - - 192S41888
Þrevlous year - 179600306 - - 179600306
Descr|pnon
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
Note 8 - Cther Income
lncome from sale Lender documenLs 300000 9000000
Less: 1ransferred Lo lncldenual Lxp uurlng ConsLucuon Sch 6 300000 9000000
1ota| - -
Descr|pnon As at 31
st
March, 2013 As at 31
st
March, 2012
(AmounL ln `)
Descr|pnon As at 31
st
March, 2013 As at 31
st
March, 2012
(AmounL ln `)
Descr|pnon
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(AmounL ln `)
(AmounL ln `)
Descr|pnon As at 31
st
March, 2013 As at 31
st
March, 2012
(AmounL ln `)
Note 9 - Lmp|oyee 8eneht Lxpenses
Manpower Charges 661928 -
661928 -
Less: 1ransferred Lo lncldenual Lxp uurlng ConsLucuon Sch 6 661928 -
1ota| - -
1JJ
Note 10 - I|nance Cost
Note 11 - Adm|n|stranon and Cther Lxpenses
Note 12 - Inc|denta| Lxpend|ture Dur|ng Construcnon
llnance charges 3044233 330
3044233 330
Less: 1ransferred Lo lncldenual Lxp uurlng ConsLucuon Sch 6 3044233 330
1ota| - -
AudlL lees 40000 33974
Þrofesslonal Charges 1686334 188343782
Þrlnung & SLauonary 32104 -
AdverusemenL 1013697 -
vehlcle Plrlng 376 -
1elephone charges 70614 -
Legal & llllng Charges 2800880 -
1our & 1ravelllng 241302 -
1ender Lxpenses 600000 -
CLher Lxpenses 104330 -
(||) Lxp before take over from kLC
Lxpenses allocaLed by 8LC 1ÞCL 3117634 -
AudlLors 8emunerauon 28090 -
9733401 188399736
Less: 1ransferred Lo lncldenual Lxp uurlng ConsLucuon Sch 6 9733401 188399736
1ota| - -
Lmployee beneñL Lxpenses 661928 -
llnance CosL 3044233 330
AdmlnlsLrauon and CLher Lxpenses 9733401 188399736
CLher lncome (300000) (9000000)
1ota| 12941S82 179600306
Descr|pnon
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(AmounL ln `)
Descr|pnon
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(AmounL ln `)
Descr|pnon
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(AmounL ln `)
1J+
1 Corporate Informanon
1he Company was lncorporaLed on 21/04/2011 under Lhe Companles AcL 1936 as a wholly owned subsldlary of 8LCC 1ransmlsslon
Þro[ecLs Company LLd (8LC1ÞCL), (A wholly owned subsldlary of 8ural LlecLrlñcauon corporauon LlmlLed). CeruñcaLe for CommencemenL
of 8uslness was lssued on 08/06/2011. 1he Company has been lncorporaLed Lo develop power sysLem neLwork and SLudy, lnvesugaLe,
collecL lnformauon and daLa eLc. for Lhe purpose of Lransmlsslon of elecLrlclLy Lhrough Lhe sLaLes of Andhrapradesh. 1he Company
was Laken over by Þower Crld Corporauon of lndla LLd. on 18/04/2012.
2 8as|s of Þreparanon
1he Company prepares lLs ñnanclal sLaLemenLs ln accordance wlLh appllcable accounung sLandards and generally accepLed accounung
prlnclples and also ln accordance wlLh requlremenLs of Lhe Companles AcL, 1936. 1he preparauon of ñnanclal sLaLemenLs requlres
managemenL Lo make esumaLes and assumpuons consldered ln Lhe reporLed amounLs of asseLs and llablllues (lncludlng conungenL
llablllues), revenues and expenses of Lhe reporung perlod. 1he dlñerence beLween Lhe acLual resulLs and esumaLes are recognlzed ln
Lhe perlod ln whlch Lhe resulLs are known and/or maLerlallsed.
2.1 Summary of S|gn|hcant Accounnng Þo||c|es
a. kecogn|non of Income ] Lxpend|ture
lncome and expenses (excepL oLherwlse sLaLed) are accounLed for on accrual basls.
b. I|xed Assets
llxed asseLs are shown aL hlsLorlcal cosL less currenL/ accumulaLed depreclauon. 1he company caplLallzes all dlrecL cosL lncludlng
borrowlng cosL up Lo Lhe daLe of commerclal use of such asseLs.
c. Deprec|anon ] Amornsanon
uepreclauon on asseLs ls provlded on Wrluen down value meLhod, ln accordance wlLh Lhe raLes prescrlbed ln Schedule xlv of Lhe
Companles AcL, 1936.
lLems of llxed AsseLs acqulred durlng Lhe year cosung up Lo ` 3,000/- are fully depreclaLed.
d. Cap|ta| Work |n Þrogress
LxpendlLure lncurred on Survey /SLudles /lnvesugauons/ConsulLancy /AdmlnlsLrauon /lnLeresL /Manpower Charges eLc. has been
caplLallzed & LreaLed as CaplLal Work ln Þrogress.
e. Lxpend|ture |ncurred by no|d|ng Company
LxpendlLure lncurred by Lhe company for Lhe Þro[ecL ls ñnanced by Lhe Poldlng Company (Þower Crld Corporauon of lndla LLd.)
and consldered as currenL llablllues.
f. Þre||m|nary Lxpenses
Þrellmlnary expenses has been charged Lo Lhe ÞroñL & Loss accounL ln Lhe year ln whlch such expendlLure has been lncurred.
g 8orrow|ng Costs
8orrowlng cosL ls charged Lo Lhe proñL & loss accounL for Lhe year ln whlch lL ls lncurred excepL for caplLal asseLs whlch ls
caplLallzed ull Lhe daLe of commerclal use of Lhe asseLs.
h Þrov|s|ons, Connngent L|ab|||nes and Assets
1he Company recognlzes a provlslon when Lhere ls a presenL obllgauon as a resulL of a pasL evenL LhaL probably requlres ouulow
of resources,whlch can be rellably esumaLed. ulsclosures for a conungenL llablllLy are made wlLhouL a provlslon ln Lhe books when
Lhere ls an obllgauon LhaL may,buL probably wlll noL(ln Lhe oplnlon of Lhe ManagemenL), requlre ouulow of resources. ConungenL
AsseLs are nelLher recognlzed nor dlsclosed ln Lhe ñnanclal sLaLemenLs.
| Cash I|ow Statement
Cash ßow SLaLemenL ls prepared ln accordance wlLh Lhe lndlrecL meLhod prescrlbed ln Accounung SLandard-3 on Cash llow
SLaLemenL.

Note 13 - Accounnng Þo||c|es for the per|od ended 31
st
March, 2013
1J5
1 ConsequenL Lo Lhe selecuon of Successful 8ldder (M/s Þower Crld Corporauon of lndla LlmlLed) as per 1arlñ based compeuuve
blddlng guldellnes for Lransmlsslon servlces and guldellnes for encouraglng compeuuon ln developmenL of Lransmlsslon pro[ecLs
daLed 13/04/06 (as amended from ume Lo ume) and as per lssued blddlng documenLs, Lhe company was Lransferred Lo M/s Þower Crld
Corporauon of lndla LlmlLed (Successful 8ldder) vlde Share purchase AgreemenL daLed 18Lh Aprll 2012 by Lhe 8LC1ÞCL (Lransferor).
Aûer Lransfer, Lhe company ceases Lo be a subsldlary of 8LC1ÞCL and became a subsldlary of Þower Crld Corporauon of lndla LLd. 1hus
Lhe 8alance SheeL, ÞroñL & Loss AccounL and Cash llow SLaLemenL along wlLh noLes reßecL Lhe ñnanclal posluon of Lhe Company as
aL 31/03/2013.
2 1he deLalls of key ManagemenL Þersonnel are as follows:
3 Þrlor Lo acqulsluon Lhe relaLed expenses are pald by Lhe 8LC1ÞCL and charged Lo Lhe Company. Crlglnal Supporung bllls ln respecL
of expendlLure lncurred by Lhe 8LCÞ1L are reLalned by Lhem of whlch coples are avallable wlLh Lhe Company. Aûer Laklng over, Lhe
relaLed expenses are pald by ÞCWL8C8lu and charged Lo Lhe Company. Crlglnal supporung documenLs are reLalned by ÞCWL8C8lu.
1he 8LC1ÞCL & ÞCWL8C8lu wlll comply sLaLuLory provlslons relaung Lo Lhe 'ueducuon of Lax aL source' eLc. as appllcable Lo Lhese
expenses.
4 1he expendlLure for Laklng over Lhe Company were lncurred by Þower Crld Corporauon of lndla LLd. and llablllLy ln Lhls regard has
been shown under Lhe head ºCurrenL Llablllues".
3 l) LsumaLed amounL of conLracLs remalnlng Lo be execuLed on caplLal accounL and noL provlded for ls ` 188,01,91,000/-
ll) ConungenL llablllues of Lhe company and clalms agalnsL Lhe company noL acknowledged by Lhe company as ceruñed by Lhe
managemenL for Lhe perlod ls `. nll.
7 1he Company has complled wlLh all Lhe appllcable Accounung SLandards nouñed under secuon 211 of Lhe Companles AcL 1936.
Powever AS -22 relaung Lo ueferred 1ax LlablllLy /AsseL perLalnlng Lo umlng dlñerence ls noL appllcable Lo Lhe company ln vlew of Lhe
facL LhaL Lhe company ls sull ln Lhe consLrucuon phase and yeL Lo commence lLs operauon.
8 1he dlsclosure as per AS 18 - 8elaLed ÞarLy ulsclosure :
1he Þowergrld vemaglrl 1ransmlsslon LlmlLed ls a wholly owned subsldlary of Þower Crld Corporauon of lndla LLd. All key declslons
are Laken by Lhe 8oard of Þowergrld vemaglrl 1ransmlsslon LlmlLed where Lhe Þower Crld nomlnees exerclse conLrol.
ueLalls of 8elaLed parues and naLure of relauonshlp
Note 14 - Notes to I|nanc|a| Statements for the per|od ended 31
st
March 2013
S. No. Name Des|gnanon Date of Appo|ntment Date of kes|gnanon
1 Shrl 8 1 Agarwal Chalrman (ÞarL-ume) 18-Apr-2012 Conunulng
2 Shrl l S !ha ulrecLor 18-Apr-2012 Conunulng
3 Shrl 8 Þ Sasmal ulrecLor 29-nov-2012 Conunulng
4 Shrl v.Sekhar ulrecLor 18-Apr-2012 Conunulng
3 Shrl Sunll kumar ulrecLor & Chalrman 21-Apr-2011 18-Apr-2012
6 Shrl 1 S C 8osh ulrecLor 21-Apr-2011 18-Apr-2012
7 Shrl v k Slngh ulrecLor 21-Apr-2011 18-Apr-2012
8 Shrl 8 ? 8ao CLC (ÞarL-ume) 18-Apr-2012 Conunulng
S. No. Nature of ke|anonsh|p Name of the ke|ated Þarty
1 ÞCWL8C8lu CC8ÞC8A1lCn Cl lnulA LlMl1Lu & 8LC1ÞCL Poldlng Company
2 8LC1ÞCL LrsLwhlle Poldlng Company
6 AudlLors 8emunerauon
S. No. Þarncu|ars Ior the year ended
31
st
March, 2013
1 SLaLuLory AudlL lees 40000
(AmounL ln `)
1Jë
ueLalls of 8elaLed parLy Lransacuons
LxpendlLure of ` 192047871/- lncurred by ÞCWL8C8lu has been lncluded ln CWlÞ and deplcLed as CurrenL LlablllLy
9 1he Company owes no dues Lo small-scale unlLs for Lhe perlod ended and hence provlslon of lnLeresL does noL arlse. lurLher based
on lnformauon avallable wlLh Lhe managemenL, Lhere are no dues payable Lo enLerprlses covered under ºMlcro, Small and Medlum
LnLerprlses uevelopmenL AcL, 2006".
10 1he Company has pald a sum of ` 182793333/- (` LlghLeen Crore LwenLy seven lakhs nlneLy Lhree Lhousand and ñve LhlrLy Lhree only)
as acqulsluon prlce Lo 8LC1ÞCL.
11 Slnce Lhere are no employees ln Lhe company, Lhe obllgauon as per Accounung SLandard-13 (8evlsed) do noL arlses.
12 Larn|ng Þer Share
ln Lerms of Accounung SLandard 20 on ºLarnlngs per Share" nouñed under Lhe Companles AcL 1936, Larnlng per share (8aslc &
ulluLed) ls worked ouL as follows: -
13 MosL of Lhe addluonal lnformauon pursuanL Lo Lhe provlslons of Þaragraph 3, 4C and 4u of parL ll of Schedule vl Lo Lhe Companles
AcL, 1936 are noL appllcable Lo Lhe company as Lhe pro[ecL ls sull aL lLs developmenL sLage and Lhe company has yeL Lo sLar
(a) LxpendlLure ln forelgn currency - nll
(b) lncome ln forelgn exchange - nll
14 llgures have been rounded oñ Lo Lhe nearesL 8upee unless oLherwlse sLaLed.
13 1he name of Lhe company has been changed from vLMACl8l 18AnSMlSSlCn S?S1LM LlMl1Lu Lo ÞCWL8C8lu vLMACl8l
18AnSMlSSlCn LlMl1Lu durlng Lhe year.
S.no. Þaruculars 2012-13
REC RECTPCL POWERGRID
1 LqulLy ConLrlbuuon - - 300000
2 Closlng 8alances: - - - -
2(a) Þayable Lo Þower Crld Corporauon of lndla LlmlLed - - 192047871
SlCnLu ln 1L8MS Cl Cu8 8LÞC81 Cl LvLn uA1L
Ior S.8.S MUk1n¥ & CC.,
CPA81L8Lu ACCCun1An1S
lCAl llrm 8egn. no. 002213S Ior and on beha|f of the 8oard of D|rectors

S. 8. Sr|n|vasa Murthy (k. 1. Agarwa|) (I. S. Iha)
(ÞarLner) Chalrman-parL ume ulrecLor
Membershlp no. 026733
Þlace : Curgaon
uaLe : 21
sL
May, 2013
Note 14 - Notes to I|nanc|a| Statements for the per|od ended 31
st
March 2013 (contd...)

S. No. Þarncu|ars Ior the year ended
31
st
March, 2013
1 nomlnal value of share (`) 10
2 number of LqulLy shares (no.) 30000
3 neL ÞroñL aûer Lax (`) -
4 Larnlng per share (`) -
(AmounL ln `)
1Jì
1o the Members of
ÞCWLkGkID VLMAGIkI 1kANSMISSICN LIMI1LD
keport on the I|nanc|a| Statements
We have audlLed Lhe accompanylng ñnanclal sLaLemenLs of ÞCWL8C8lu vLMACl8l 18AnSMlSSlCn LlMl1Lu (ºLhe Company"), whlch
comprlse Lhe 8alance SheeL as aL March 31, 2013, and Lhe SLaLemenL of ÞroñL and Loss and Cash llow SLaLemenL for Lhe year Lhen ended,
and a summary of slgnlñcanL accounung pollcles and oLher explanaLory lnformauon.
Management's kespons|b|||ty for the I|nanc|a| Statements
ManagemenL ls responslble for Lhe preparauon of Lhese ñnanclal sLaLemenLs LhaL glve a Lrue and falr vlew of Lhe ñnanclal posluon, ñnanclal
performance and cash ßows of Lhe Company ln accordance wlLh Lhe Accounung SLandards referred Lo ln sub-secuon (3C) of secuon 211 of
Lhe Companles AcL, 1936 (ºLhe AcL"). 1hls responslblllLy lncludes Lhe deslgn, lmplemenLauon and malnLenance of lnLernal conLrol relevanL
Lo Lhe preparauon and presenLauon of Lhe ñnanclal sLaLemenLs LhaL glve a Lrue and falr vlew and are free from maLerlal mlssLaLemenL,
wheLher due Lo fraud or error.
Aud|tors' kespons|b|||ty
Cur responslblllLy ls Lo express an oplnlon on Lhese ñnanclal sLaLemenLs based on our audlL. We conducLed our audlL ln accordance wlLh Lhe
SLandards on Audlung lssued by Lhe lnsuLuLe of CharLered AccounLanLs of lndla. 1hose SLandards requlre LhaL we comply wlLh eLhlcal requlremenLs
and plan and perform Lhe audlL Lo obLaln reasonable assurance abouL wheLher Lhe ñnanclal sLaLemenLs are free from maLerlal mlssLaLemenL.
An audlL lnvolves performlng procedures Lo obLaln audlL evldence abouL Lhe amounLs and dlsclosures ln Lhe ñnanclal sLaLemenLs. 1he
procedures selecLed depend on Lhe audlLor's [udgmenL, lncludlng Lhe assessmenL of Lhe rlsks of maLerlal mlssLaLemenL of Lhe ñnanclal
sLaLemenLs, wheLher due Lo fraud or error. ln maklng Lhose rlsk assessmenLs, Lhe audlLor conslders lnLernal conLrol relevanL Lo Lhe Company's
preparauon and falr presenLauon of Lhe ñnanclal sLaLemenLs ln order Lo deslgn audlL procedures LhaL are approprlaLe ln Lhe clrcumsLances.
An audlL also lncludes evaluaung Lhe approprlaLeness of accounung pollcles used and Lhe reasonableness of Lhe accounung esumaLes made
by managemenL, as well as evaluaung Lhe overall presenLauon of Lhe ñnanclal sLaLemenLs.
We belleve LhaL Lhe audlL evldence we have obLalned ls sumclenL and approprlaLe Lo provlde a basls for our audlL oplnlon.
Opinion
ln our oplnlon and Lo Lhe besL of our lnformauon and accordlng Lo Lhe explanauons glven Lo us, Lhe ñnanclal sLaLemenLs glve Lhe lnformauon
requlred by Lhe AcL ln Lhe manner so requlred and glve a Lrue and falr vlew ln conformlLy wlLh Lhe accounung prlnclples generally accepLed
ln lndla:
a) ln Lhe case of Lhe 8alance SheeL, of Lhe sLaLe of añalrs of Lhe Company as aL March 31, 2013,
b) ln Lhe case of Lhe SLaLemenL of ÞroñL and Loss AccounL, for Lhe year ended on LhaL daLe, and
c) ln Lhe case of Lhe Cash llow SLaLemenL, of Lhe cash ßows for Lhe year ended on LhaL daLe.
keport on Cther Lega| and kegu|atory kequ|rements
1. As requlred by Lhe Companles (AudlLor's 8eporL) Crder, 2003 (ºLhe Crder") lssued by Lhe CenLral CovernmenL of lndla ln Lerms of
sub-secuon (4A) of secuon 227 of Lhe AcL, we glve ln Lhe Annexure a sLaLemenL on Lhe mauers speclñed ln paragraphs 4 and 3
of Lhe Crder.
2. As requlred by secuon 227(3) of Lhe AcL, we reporL LhaL:
a) we have obLalned all Lhe lnformauon and explanauons whlch Lo Lhe besL of our knowledge and bellef were necessary for Lhe
purpose of our audlL,
b) ln our oplnlon proper books of accounL as requlred by law have been kepL by Lhe Company so far as appears from our examlnauon
of Lhose books
c) Lhe 8alance SheeL, SLaLemenL of ÞroñL and Loss and Cash llow SLaLemenL dealL wlLh by Lhls 8eporL are ln agreemenL wlLh Lhe
books of accounL.
d) ln our oplnlon, Lhe 8alance SheeL, SLaLemenL of ÞroñL and Loss and Cash llow SLaLemenL comply wlLh Lhe Accounung SLandards
referred Lo ln subsecuon (3C) of secuon 211 of Lhe Companles AcL, 1936,
e) ln pursuance Lo Lhe nouñcauon no. CS8 829 (L) daLed 21-10-2003 lssued by Lhe ueparLmenL of Company Añalrs: clause (g) of sub secuon
(1) of secuon 274 of Companles AcL, 1936 perLalnlng Lo dlsquallñcauon of dlrecLors ls noL appllcable Lo a CovernmenL Company.
f) Slnce Lhe CenLral CovernmenL has noL lssued any nouñcauon as Lo Lhe raLe aL whlch Lhe cess ls Lo be pald under secuon 441A of
Lhe Companles AcL, 1936 nor has lL lssued any 8ules under Lhe sald secuon, prescrlblng Lhe manner ln whlch such cess ls Lo be
pald, no cess ls due and payable by Lhe Company.
Ior S.8.S.Murthy & Co.,
Chartered Accountants
ICAI I|rm keg.No:002213S
S.8.Sr|n|vasa Murthy
Þ|ace: Gurgaon (Þartner)
Date :21
st
May, 2013 Membersh|p No. :0267SS
Independent Aud|tors' keport
1Je
1he Annexure referred to |n paragraph 1 of the Cur keport of even date to the members of ÞCWLkGkID VLMAGIkI 1kANSMISSICN
S¥S1LM LIMI1LD on the accounts of the company for the year ended 31st March, 2013.
Cn Lhe basls of such checks as we consldered approprlaLe and accordlng Lo Lhe lnformauon and explanauon glven Lo us durlng Lhe course
of our audlL, we reporL LhaL:
1. (a) ln our oplnlon and accordlng Lo lnformauon and explanauons glven Lo us, provlslon of Þara 4(l ) (a) of Lhe Companles (AudlLors
8eporL) Crder, 2003 relaung Lo malnLalnlng proper records showlng full paruculars, lncludlng quanuLauve deLalls and slLuauon of
ñxed asseLs are noL appllcable Lo company as lL does noL have ñxed asseLs.
(b) ln our oplnlon and accordlng Lo lnformauon and explanauons glven Lo us, provlslon of para 4(l) (b) of Lhe Companles (AudlLors
8eporL) Crder, 2003 relaung Lo physlcal verlñcauon of lLs ñxed asseLs by Lhe managemenL ls noL appllcable Lo company as lL does
noL have ñxed asseLs.
(c) ln our oplnlon and accordlng Lo lnformauon and explanauons glven Lo us, provlslon of para 4(l) (c) of Lhe Companles (AudlLors
8eporL) Crder, 2003 relaung Lo dlsposal of any subsLanual parL of ñxed asseLs durlng Lhe year are noL appllcable Lo company as lL
does noL have llxed asseLs .
2. As Lhe company has noL purchased/sold goods durlng Lhe year nor are Lhere any sLocks. Accordlngly clauses 4(ll)(a),(b)and (c) of Lhe
companles (audlLor's 8eporL) Crder, 2003 are noL appllcable Lo Lhe company.
3. (a) Accordlng Lo Lhe lnformauon and explanauons glven Lo us and on Lhe basls of our examlnauon of Lhe books of accounL, Lhe
Company has noL granLed any loans, secured or unsecured, Lo companles, ñrms or oLher parues llsLed ln Lhe reglsLer malnLalned
under Secuon 301 of Lhe Companles AcL, 1936. ConsequenLly, Lhe provlslons of clauses lll (b), lll(c) and lll (d) of Lhe order are noL
appllcable Lo Lhe Company.
(b) Accordlng Lo Lhe lnformauon and explanauons glven Lo us and on Lhe basls of our examlnauon of Lhe books of accounL, Lhe
Company has noL Laken loans from companles, ñrms or oLher parues llsLed ln Lhe reglsLer malnLalned under Secuon 301 of Lhe
Companles AcL, 1936. 1hus sub clauses (f) & (g) are noL appllcable Lo Lhe company. Powever Lhere exlsLs CLher currenL Llablllues
on Lhe 8alance sheeL ln Lhe name of ÞCWL8C8lu CC8ÞC8A1lCn Cl lnulA LlMl1Lu (Poldlng company) on accounL of varlous
expendlLure lncurred by Lhem. 1he amounL ouLsLandlng aL Lhe perlod end and Lhe maxlmum amounL ouLsLandlng durlng Lhe
perlod were as under:-
4. ln our oplnlon and accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhere ls generally an adequaLe lnLernal conLrol procedure
commensuraLe wlLh Lhe slze of Lhe company and Lhe naLure of lLs buslness. uurlng Lhe course of our audlL, no ma[or lnsLance of
conunulng fallure Lo correcL any weaknesses ln Lhe lnLernal conLrols has been nouced.
3. Accordlng Lo Lhe lnformauon and explanauon glven Lo us, Lhere are no Lransacuons made ln pursuance of Lhe conLracLs or arrangemenLs
LhaL need Lo be enLered ln Lhe reglsLer malnLalned under secuon 301 of Lhe companles AcL, 1936.
6. Accordlng Lo Lhe lnformauon and explanauon glven Lo us, Lhe company has noL accepLed any deposlLs from Lhe publlc.
7. 1he company does noL have pald up caplLal and reserves of ` 30 Lakhs as aL Lhe commencemenL of Lhe ñnanclal year concerned, or
have a average annual Lurnover exceedlng ñve crore rupees for a year of Lhree consecuuve ñnanclal years lmmedlaLely precedlng Lhe
ñnanclal year concerned , Lhe provlslon of para 4 (vll) of Lhe companles (AudlLor's 8eporL) Crder, 2003 ls noL appllcable Lo company.
8. 1he company does noL have any buslness acuvlues durlng Lhe year, Lhe provlslon of para 4(vlll) of Lhe companles (AudlLor's 8eporL)
Crder, 2003 relaung Lo malnLalnlng of cosL records under secuon 209 (1)(d) of Lhe companles acL ls noL appllcable Lo Lhe company.
9. (a) Accordlng Lo Lhe lnformauon and explanauon glven Lo us, Lhe company ls regular ln deposlung undlspuLed sLaLuLory dues
lncludlng ÞrovldenL lund, lnvesLors Lducauon and proLecuon lund, Lmployees sLaLe lnsurance, lncome 1ax, wealLh 1ax and oLher
sLaLuLory dues wlLh Lhe approprlaLe AuLhorlues Lhrough holdlng company l.e. Þower Crld Corporauon of lndla LlmlLed. Accordlng
Lo lnformauon and explanauon glven Lo us, Lhere are no undlspuLed sLaLuLory dues ouLsLandlng as aL 31sL March ,2013 for a
perlod of more Lhan slx monLhs from Lhe daLe Lhey become payable.
(b) Accordlng Lo Lhe lnformauon and explanauon glven Lo us, Lhere are no dues of lncome Lax, wealLh 1ax, whlch have noL been
deposlLed on accounL of any dlspuLe.
10. ln our oplnlon Lhe company ls havlng an accumulaLed loss of ` 28033/-.
11. Accordlng Lo Lhe records made avallable Lo us and lnformauon and explanauon glven by Lhe managemenL, Lhe company has noL Laken
any loan, from any ñnanclal lnsuLuuons or bank or debenLure holder, hence clause (xl) of paragraph 4 of Lhe order ls noL appllcable Lo
Lhe company.
12. Accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhe Company has noL granLed loans and advances on Lhe basls of securlLy
by way of pledge of shares, debenLures and oLher securlues.
13. 1he Company ls noL a chlL fund or a nldhl /muLual beneñL fund/socleLy. 1herefore, Lhe provlslon of Lhls clause of Lhe Companles
(AudlLor's 8eporL) Crder, 2003 (as amended) ls noL appllcable Lo Lhe Company.
Company 8a|ance at the end of the per|od Max|mum ba|ance dur|ng the per|od
Þower Crld Corporauon of lndla LlmlLed ` 192047871/- ` 192047871/-
1JJ
14. Accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhe company ls noL deallng or Lradlng ln shares, securlues, debenLures
and oLher lnvesLmenLs and hence Lhe requlremenL of para 4 (xlv) of Lhe companles (AudlLor 8eporL) Crder, 2003 ls noL appllcable Lo
company.
13. Accordlng Lo Lhe lnformauon and explanauons glven Lo us, Lhe Company has noL glven any guaranLees for loan Laken by oLhers from
a bank or ñnanclal lnsuLuuon.
16. 8ased on our audlL procedures and on Lhe lnformauon glven by Lhe managemenL, we reporL LhaL Lhe company has noL ralsed any
Lerm loans durlng Lhe year.
17. 8ased on Lhe lnformauon and explanauons glven Lo us and on an overall examlnauon of Lhe 8alance SheeL of Lhe Company as aL 31sL
March, 2013, we reporL LhaL no funds ralsed on shorL-Lerm basls have been used for long-Lerm lnvesLmenL by Lhe Company.
18. 8ased on Lhe audlL procedures performed and Lhe lnformauon and explanauons glven Lo us by Lhe managemenL, we reporL LhaL Lhe
Company has noL made any preferenual alloLmenL of shares durlng Lhe year.
19. 1he Company has no ouLsLandlng debenLures durlng Lhe perlod under audlL.
20. 1he Company has noL ralsed any money by publlc lssue durlng Lhe year.
21. 8ased on Lhe audlL procedures performed and Lhe lnformauon and explanauons glven Lo us, we reporL LhaL no fraud on or by Lhe
Company has been nouced or reporLed durlng Lhe year.
Ior S.8.S.Murthy & Co.,
Chartered Accountants
ICAI I|rm keg.No:002213S
S.8.Sr|n|vasa Murthy
Þ|ace: Gurgaon (Þartner)
Date : 21
st
May, 2013 Membersh|p No. :0267SS
ZJJ
ZJ1
CCNSCLIDA1LD
IINANCIAL S1A1LMLN1S
ZJZ
I. LÇUI1¥ AND LIA8ILI1ILS
Shareho|ders' funds
(a) Share caplLal 2.1 4629.73 4629.73
(b) 8eserves and surplus 2.2 21773.38 18933.48
26403.11 23383.21
Deferred revenue 2.3 3766.48 2823.92
Non-current ||ab|||nes
(a) Long-Lerm borrowlngs 2.4 64030.14 30003.73
(b) ueferred Lax llablllues (neL) 2.3 1973.03 1394.36
(c) CLher long Lerm llablllues 2.6 1036.80 1462.23
(d) Long-Lerm provlslons 2.7 469.89 448.93
67311.86 33311.49
Current ||ab|||nes
(a) ShorL-Lerm borrowlngs 2.8 2027.06 1638.28
(b) 1rade payables 2.9 238.04 234.60
(c) CLher currenL llablllues 2.10 12620.74 9172.44
(d) ShorL-Lerm provlslons 2.11 796.79 1146.31
13702.63 12211.63
1ota| 113384.08 92132.2S
II. ASSL1S
Non-current assets
(a) llxed asseLs
(l) 1anglble asseLs 2.12 62031.37 47997.70
(ll) lnLanglble asseLs 2.13 337.12 324.11
(lll) CaplLal work ln progress 2.14 19236.27 16248.73
(lv) lnLanglble asseLs under developmenL 2.13 213.33 93.08
82040.09 64663.64
(b) ConsLrucuon sLores 2.16 13793.82 12636.77
(c) non-currenL lnvesLmenLs 2.17 390.63 373.86
(d) ueferred forelgn currency ßucLuauon asseL 1716.29 1316.67
(e) Long-Lerm loans and advances 2.18 6002.03 3644.33
8108.93 7333.06
Current assets
(a) CurrenL lnvesLmenLs 2.19 193.74 199.84
(b) lnvenLorles 2.20 332.83 441.23
(c) 1rade recelvables 2.21 1491.38 1329.19
(d) Cash and 8ank balances 2.22 2678.89 3111.34
(e) ShorL-Lerm loans and advances 2.23 632.66 323.23
(f) CLher currenL asseLs 2.24 1889.70 1489.93
7441.22 7296.78
1ota| 113384.08 92132.2S
Accounung Þollcles 1
noLes on AccounLs 2
noLes referred above are lnLegral parL of Lhe 8alance SheeL
Ior and on beha|f of the 8oard of D|rectors
(D|vya 1andon) (k.1. Agarwa|) ( k. N. Nayak)
Company SecreLary ulrecLor (llnance) Chalrman & Managlng ulrecLor
As per our report of even date
Ior S.k. Mehta & Co. Ior Chauer[ee & Co. Ior Sagar & Assoc|ates
CharLered AccounLanLs CharLered AccounLanLs CharLered AccounLanLs
llrm 8egn no. 000478 n llrm 8egn no. 302114 L llrm 8egn no. 003310 S
(CA. Iyon 8agga) ( CA. k.N.8asu) (CA. 8.Sr|n|vasa kao)
ÞarLner ÞarLner ÞarLner
Membershlp no. 087002 Membershlp no. 030430 Membershlp no. 202332
Þlace: Curgaon
uaLe: 28
Lh
May, 2013
Þarncu|ars
Conso||dated 8a|ance Sheet as at 31
st
March 2013
(` ln Crore)
Note No.
As at 31
st

March, 2013
As at 31
st

March, 2012
ZJJ
(` ln Crore)
l. 8evenue from operauons 2.23 13163.90 10440.46
ll. CLher lncome 2.26 363.22 633.12
III. 1ota| kevenue (I + II) 13727.12 11073.38

IV. Lxpenses:
Þurchases of sLock-ln-Lrade 63.30
Lmployee beneñLs expense 2.27 974.72 921.41
llnance cosLs 2.28 2399.44 1983.73
uepreclauon and amoruzauon expense 2.29 3427.80 2637.39
1ransmlsslon, AdmlnlsLrauon and oLher Lxpenses 2.30 911.83 826.46
1ota| expenses 7977.29 6371.01

V. Þroht before Þr|or per|od |tems and tax (III - IV) 3749.83 4702.37
VI. Þr|or per|od |tems (Net) 2.31 (23.80) 12.91
VII. Þroht before tax (V - VI) 3773.63 4689.66
vlll. 1ax expense:
(1) CurrenL Lax - CurrenL ?ear 1122.47 938.81
- Larller years (22.26) (2.36)
1100.21 936.23
(2) CredlL for MA1 enuLelmenL (17.66) -

(3) ueferred Lax - CurrenL ?ear 363.99 430.42
- Larller years 16.48 -
380.47 430.42
1463.02 1386.67
Ik. Þroht for the year (VII-VIII) 4312.61 3302.99
k. Larn|ngs per equ|ty share: 2.47
(1) 8aslc 9.32 7.14
(2) ulluLed 9.32 7.14
Accounung Þollcles 1
noLes on AccounLs 2
noLes referred above are lnLegral parL of Lhe SLaLemenL of ÞroñL and Loss.
Þlace: Curgaon
uaLe: 28
Lh
May, 2013
Þarncu|ars
Conso||dated Statement of Þroht and Loss for the year ended 31
st
March, 2013
Note No.
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
Ior and on beha|f of the 8oard of D|rectors
(D|vya 1andon) (k.1. Agarwa|) ( k. N. Nayak)
Company SecreLary ulrecLor (llnance) Chalrman & Managlng ulrecLor
As per our report of even date
Ior S.k. Mehta & Co. Ior Chauer[ee & Co. Ior Sagar & Assoc|ates
CharLered AccounLanLs CharLered AccounLanLs CharLered AccounLanLs
llrm 8egn no. 000478 n llrm 8egn no. 302114 L llrm 8egn no. 003310 S
(CA. Iyon 8agga) ( CA. k.N.8asu) (CA. 8.Sr|n|vasa kao)
ÞarLner ÞarLner ÞarLner
Membershlp no. 087002 Membershlp no. 030430 Membershlp no. 202332
ZJ+
A. CASn ILCW IkCM CÞLkA1ING AC1IVI1ILS
neL ÞroñL 8efore 1ax S77S.63 4689.66
Ad[ustment for :
uepreclauon (lncludlng prlor perlod) 3437.39 2671.98
1ransfer from CranLs ln Ald (23.06) (32.29)
ueferred revenue - Advance agalnsL uepreclauon (48.82) (32.72)
Amorused LxpendlLure(u8L wrluen oñ) - 2.41
Þrovlslons 2.73 2.30
1ransfer from Self lnsurance 8eserve (0.23) (0.81)
neL Loss on ulsposal / WrlLe oñ of llxed AsseLs 6.34 1.39
lnLeresL and llnance Charges 2399.44 1901.32
Þrovlslons Wrluen 8ack (39.34) (40.93)
lL8v loss / (galn) - 84.43
lnLeresL earned on Lerm deposlLs, bonds and loans Lo SLaLe CovLs. (303.74) (81.76)
ulvldend 8ecelved (1.80) (1.81)
Cperanng proht before Work|ng Cap|ta| Changes 11402.S4 9163.17

Ad[ustment for :
(lncrease)/uecrease ln lnvenLorles (111.39) (38.90)
(lncrease)/uecrease ln 1rade 8ecelvables 93.23 (1146.04)
(lncrease)/uecrease ln Loans and Advances (210.94) 603.97
(lncrease)/uecrease ln CLher currenL asseLs (391.83) 1383.26
lncrease/(uecrease) ln Llablllues and Þrovlslons 1996.07 (601.63)
lncrease/(uecrease) ln ueferred lncome/LxpendlLure from lorelgn Currency llucLuauon(neL) (120.48) (43.11)
(lncrease)/uecrease ln ueferred lorelgn Currency llucLuauon AsseL/LlablllLy(neL) 133.33 127.63
1191.77 463.18
ulrecL Laxes pald (1133.33) (1046.36)
Net Cash from operanng acnv|nes 114S8.76 8381.99

8. CASn ILCW IkCM INVLS1ING AC1IVI1ILS
llxed asseLs (lncludlng lncldenLal expendlLure durlng consLrucuon) (779.32) (662.36)
CaplLal work ln progress (18447.03) (14176.02)
ConsLrucuon SLores (3137.03) (4169.16)
(lncrease)/uecrease ln lnvesLmenLs 187.33 177.96
(lncrease)/uecrease ln Long 1erm Loans under Securlusauon Scheme 7.72 13.42
Lease recelvables (46.32) 183.26
lnLeresL earned on Lerm deposlLs, bonds and loans Lo SLaLe CovLs. 331.84 89.33
ulvldend from !v Companles (Ad[. Lhrough Surplus AccounL) 48.16 44.72
ulvldend recelved 1.80 1.81
Net cash used |n |nvesnng acnv|nes (218S3.09) (18494.82)
Þarncu|ars
Conso||dated Cash I|ow Statement for the year ended 31
st
March, 2013
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
(` ln Crore)
ZJ5
C. CASn ILCW IkCM IINANCING AC1IVI1ILS
Loans ralsed durlng Lhe year 18200.03 14680.43
Loans repald durlng Lhe year (4313.30) (3760.46)
lnLeresL and llnance Charges Þald (2297.02) (1343.82)
ulvldend pald (1400.03) (996.89)
ulvldend 1ax pald (227.80) (160.96)
Net Cash from I|nanc|ng Acnv|nes 9961.88 8218.30

u. neL change ln Cash and Cash equlvalenLs(A+8+C) (432.43) (1694.33)
L. Cash and Cash equ|va|ents(Cpen|ng ba|ance) 3111.34 4803.87
I. Cash and Cash equ|va|ents(C|os|ng ba|ance) 2678.89 3111.34

Notes:
Cash and cash equ|va|ents cons|sts of Cash |n hand and ba|ances w|th banks. Cash and cash equ|va|ents |nc|uded |n the cash ßow
statement compr|se of fo||ow|ng ba|ance sheet amounts as per Note 2.22.
Cash and cash equlvalenLs 2134.16 1921.23
CLher 8ank balances (*) 937.18 2884.64
3111.34 4803.87
(*) 8reakup of CLher 8ank 8alances
1. 8alance ln deslgnaLed currenL accounLs 8.64 6.23
2. ln CurrenL accounLs / llexl ueposlLs (CperaLed and malnLalned ln Lerms of CL8C regulauons) 416.39 727.90
3. ln Lerm deposlLs havlng maLurlLy over 3 monLhs (lÞC proceeds) 300.00 2121.17
4. ln Lerm deposlLs havlng maLurlLy over 3 monLhs 31.93 29.32
9S7.18 2884.64
Þrev|ous year hgures have been re-grouped ] re-arranged wherever necessary.
Þarncu|ars
Conso||dated Cash I|ow Statement for the year ended 31
st
March, 2013 (contd...)
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
Ior and on beha|f of the 8oard of D|rectors
(D|vya 1andon) (k.1. Agarwa|) ( k. N. Nayak)
Company SecreLary ulrecLor (llnance) Chalrman & Managlng ulrecLor
As per our report of even date
Ior S.k. Mehta & Co. Ior Chauer[ee & Co. Ior Sagar & Assoc|ates
CharLered AccounLanLs CharLered AccounLanLs CharLered AccounLanLs
llrm 8egn no. 000478 n llrm 8egn no. 302114 L llrm 8egn no. 003310 S
(CA. Iyon 8agga) ( CA. k.N.8asu) (CA. 8.Sr|n|vasa kao)
ÞarLner ÞarLner ÞarLner
Membershlp no. 087002 Membershlp no. 030430 Membershlp no. 202332
Þlace: Curgaon
uaLe: 28
Lh
May, 2013
(` ln Crore)
ZJë
1.1 8ASIS CI ÞkLÞAkA1ICN CI IINANCIAL S1A1LMLN1S
1he ñnanclal sLaLemenLs are prepared on accrual basls of accounung under Lhe hlsLorlcal cosL convenuon and ln accordance wlLh
generally accepLed accounung prlnclples ln lndla and Lhe relevanL provlslons of Lhe Companles AcL, 1936 lncludlng Accounung
SLandards nouñed Lhere under.
1.2 USL CI LS1IMA1LS
1he preparauon of ñnanclal sLaLemenLs requlres esumaLes and assumpuons LhaL añecL Lhe reporLed amounL of asseLs, llablllues,
revenue and expenses durlng Lhe reporung perlod. AlLhough, such esumaLes and assumpuons are made on a reasonable and
prudenL basls Laklng lnLo accounL all avallable lnformauon, acLual resulLs could dlñer from Lhese esumaLes and assumpuons and
such dlñerences are recognlzed ln Lhe perlod ln whlch Lhe resulLs are crysLalllzed.
1.3 kLSLkVLS AND SUkÞLUS
Self lnsurance reserve ls creaLed [ 0.1° p.a. on Cross 8lock of llxed AsseLs (excepL asseLs covered under mega lnsurance pollcy)
as aL Lhe end of Lhe year by approprlaung currenL year proñL Lowards fuLure losses whlch may arlse from un-lnsured rlsks. 1he
same ls shown as ºSelf lnsurance reserve" under '8eserves & Surplus'.
1.4 GkAN1S-IN-AID
1.4.1 CranLs-ln-ald recelved from CenLral CovernmenL or oLher auLhorlues Lowards caplLal expendlLure for pro[ecLs, beuermenL of
Lransmlsslon sysLems and speclñc depreclable asseLs are shown as ºgranLs-ln-ald" ull Lhe uullzauon of granL.
1.4.2 Cn caplLallzauon of relaLed asseLs, granLs recelved for speclñc depreclable asseLs are LreaLed as deferred lncome and recognlzed
ln Lhe SLaLemenL of ÞroñL and Loss over Lhe useful llfe of relaLed asseL and ln proporuon Lo whlch depreclauon on Lhese asseLs ls
provlded.
1.S IIkLD ASSL1S
1.3.1 llxed asseLs are shown aL hlsLorlcal cosL comprlslng of purchase prlce and any aurlbuLable cosL of brlnglng Lhe asseLs Lo lLs
worklng condluon for lLs lnLended use.
1.3.2 ln Lhe case of commlssloned asseLs, deposlL works/cosL- plus conLracLs where ñnal seulemenL of bllls wlLh conLracLors ls yeL Lo be
añecLed, caplLallzauon ls done on provlslonal basls sub[ecL Lo necessary ad[usLmenLs ln Lhe year of ñnal seulemenL.
1.3.3 AsseLs and sysLems common Lo more Lhan one Lransmlsslon sysLem are caplLallsed on Lhe basls of Lechnlcal esumaLes/
assessmenLs
1.3.4 1ransmlsslon sysLem asseLs are consldered when Lhey are '8eady for lnLended use', for Lhe purpose of caplLallzauon, aûer
LesL charglng/successful commlsslonlng of Lhe sysLems/asseLs and on compleuon of sLablllzauon perlod wherever Lechnlcally
requlred.
1.3.3 1he cosL of land lncludes provlslonal deposlLs, paymenLs/llablllues Lowards compensauon, rehablllLauon and oLher expenses
wherever possesslon of land ls Laken,
1.3.6 LxpendlLure on levelllng, clearlng and gradlng of land ls caplLallsed as parL of cosL of Lhe relaLed bulldlngs.
1.3.7 lnsurance spares, whlch can be used only ln connecuon wlLh an lLem of ñxed asseL and whose use ls expecLed Lo be aL lrregular
lnLervals are caplLallzed and depreclaLed over Lhe resldual useful llfe of Lhe relaLed planL & machlnery. ln case Lhe year of purchase
and consumpuon ls same, amounL of lnsurance spares are charged Lo revenue.
1.3.8 MandaLory spares ln Lhe naLure of sub-sLauon equlpmenLs /caplLal spares l.e. sLand-by/servlce/roLauonal equlpmenL and unlL
assemblles elLher procured along wlLh Lhe equlpmenLs or subsequenLly, are caplLallzed and depreclauon ls charged ln accordance
wlLh Lhe relevanL accounung sLandard. ln case Lhe year of purchase & consumpuon ls same, amounL of mandaLory spares are
charged Lo revenue.
1.6 CAÞI1AL WCkk -IN- ÞkCGkLSS (CWIÞ)
1.6.1 CosL of maLerlal consumed, erecuon charges Lhereon along wlLh oLher relaLed expenses lncurred for Lhe pro[ecLs are shown as
CWlÞ ull Lhe daLe of caplLallzauon.
1.6.2 LxpendlLure of CorporaLe omce, 8eglonal Cmces and Þro[ecLs, aurlbuLable Lo consLrucuon of ñxed asseLs are ldenuñed and
allocaLed on a sysLemauc basls Lo Lhe cosL of Lhe relaLed asseLs.
1.6.3 lnLeresL durlng consLrucuon and expendlLure (neL) allocaLed Lo consLrucuon as per pollcy no. 1.6.2 above (allocaLed Lo Lhe
pro[ecLs on proraLe basls Lo Lhelr caplLal expendlLure), are apporuoned Lo caplLal work ln progress (CWlÞ) on Lhe closlng balance
of speclñc asseL or parL of asseL belng caplLallzed. 8alance, lf any, leû aûer such caplLallzauon ls kepL as a separaLe lLem under Lhe
CWlÞ Schedule .
1.6.4 ueposlL works/cosL-plus conLracLs are accounLed for on Lhe basls of sLaLemenL recelved from Lhe conLracLors or Lechnlcal
assessmenL of work compleLed.
1.6.3 unseuled llablllLy for prlce varlauon/ exchange raLe varlauon ln case of conLracLs are accounLed for on esumaLed basls as per
Lerms of Lhe conLracLs.
Note 1 - Accounnng Þo||c|es
ZJì
1.7 IN1ANGI8LL ASSL1S
1.7.1 1he cosL of soûware (whlch ls noL an lnLegral parL of Lhe relaLed hardware) acqulred for lnLernal use and resulung ln slgnlñcanL
fuLure economlc beneñLs, ls recognlzed as an lnLanglble asseLs ln Lhe books of accounLs when Lhe same ls ready for lLs use.
1.7.2 AñoresLauon charges pald for acqulrlng rlghL-of-way of laylng Lransmlsslon llnes are accounLed for as lnLanglble asseLs and
same are amoruzed followlng Lhe raLes and meLhodology nouñed by CenLral LlecLrlclLy 8egulaLory Commlsslon (CL8C) 1arlñ
8egulauon.
1.8 CCNS1kUC1ICN S1CkLS
ConsLrucuon sLores are valued aL cosL.
1.9 8CkkCWING CCS1
1.9.1 All Lhe borrowed funds (excepL shorL Lerm funds for worklng caplLal) are earmarked Lo speclñc pro[ecLs. 1he borrowlng cosLs
(lncludlng bond lssue expenses, lnLeresL, dlscounL on bonds, fronL end fee, guaranLee fee, managemenL fee eLc.) are allocaLed Lo
Lhe pro[ecLs ln proporuon Lo Lhe funds so earmarked.
1.9.2 1he borrowlng cosLs so allocaLed are caplLallsed or charged Lo revenue, based on wheLher Lhe pro[ecL ls under consLrucuon or ln
operauon.
1.10 1kANSAC1ICN IN ICkLIGN CUkkLNC¥
1.10.1 1ransacuons ln forelgn currencles are lnlually recorded aL Lhe exchange raLe prevalllng on Lhe daLe of Lransacuon. lorelgn currency
moneLary lLems are LranslaLed wlLh reference Lo Lhe raLes of exchange rullng on Lhe daLe of Lhe 8alance SheeL. non-moneLary
lLems denomlnaLed ln forelgn currency are reporLed aL Lhe exchange raLe rullng on Lhe daLe of Lransacuon.
1.10.2 lorelgn Lxchange 8aLe varlauon (lL8v) arlslng on seulemenL / Lranslauon of forelgn currency loans relaung Lo ñxed asseLs/
caplLal work-ln-progress are ad[usLed Lo Lhe carrylng cosL of relaLed asseLs.
1.10.3 lL8v accounLed for as per pollcy no 1.10.2 ls recoverable/payable from Lhe beneñclarles on acLual paymenL basls as per CenLral
LlecLrlclLy 8egulaLory Commlsslon (CL8C) norms w.e.f. 1sL Aprll, 2004 or uaLe of Commerclal Cperauon (uCCC) whlch ever ls
laLer.
1he above lL8v Lo Lhe exLenL recoverable or payable as per Lhe CL8C norms ls accounLed for as follows:
a) lL8v recoverable/payable ad[usLed Lo carrylng cosL of ñxed asseLs ls accounLed for as 'ueferred forelgn currency
ßucLuauon asseL/llablllLy a/c' wlLh a correspondlng credlL/deblL Lo 'ueferred lncome/expendlLure from forelgn currency
ßucLuauon a/c'
b) 'ueferred lncome/expendlLure from forelgn currency ßucLuauon a/c' ls amoruzed ln Lhe proporuon ln whlch depreclauon ls
charged on such lL8v.
c) 1he amounL recoverable/payable as per CL8C norms on year Lo year basls ls ad[usLed Lo Lhe 'ueferred forelgn currency
ßucLuauon asseL/llablllLy a/c' wlLh correspondlng credlL/ deblL Lo Lhe Lrade recelvables.
1.10.4 lL8v earller charged Lo SLaLemenL of ÞroñL and Loss & lncluded ln Lhe caplLal cosL for Lhe purpose of Larlñ ls ad[usLed agalnsL
'ueferred forelgn currency ßucLuauon asseL/llablllLy a/c' ln Lhe followlng manner:
l) uepreclauon componenL of Lransmlsslon charges (belng 90° of such lL8v) ls ad[usLed agalnsL ueferred forelgn currency
ßucLuauon asseL/llablllLy a/c ln Lhe Lransmlsslon charges.
ll) 8alance 10° ls ad[usLed agalnsL Lhe Lransmlsslon charges over Lhe Lenure of respecuve loan.
1.10.3 lL8v arlslng ouL of seulemenL/Lranslauon of long Lerm moneLary lLems (oLher Lhan forelgn currency loans) relaung Lo ñxed
asseLs/CWlÞ are ad[usLed ln Lhe carrylng cosL of relaLed asseLs.
1.10.6 lL8v arlslng durlng Lhe consLrucuon perlod from seulemenL/Lranslauon of moneLary lLems denomlnaLed ln forelgn currency (oLher
Lhan long Lerm) Lo Lhe exLenL recoverable/payable Lo Lhe beneñclarles as caplLal cosL as per CL8C Larlñ 8egulauon are accounLed
as 'ueferred forelgn currency ßucLuauon asseL/llablllLy a/c'. 1ransmlsslon charges recognlsed on such amounL ls ad[usLed agalnsL
above accounL.
1.10.7 CLher exchange dlñerences are recognlzed as lncome or expenses ln Lhe perlod ln whlch Lhey arlse.
1.11 INVLS1MLN1S
1.11.1 CurrenL lnvesLmenLs are valued aL lower of cosL and falr value deLermlned on an lndlvldual lnvesLmenL basls.
1.11.2 Long Lerm lnvesLmenLs are carrled aL cosL. Þrovlslon ls made for dlmlnuuon oLher Lhan Lemporary, ln Lhe value of such
lnvesLmenLs.
1.12 INVLN1CkILS
1.12.1. lnvenLorles are valued aL lower of Lhe cosL, deLermlned on welghLed average basls and neL reallzable value.
1.12.2 SLeel scrap and conducLor scrap are valued aL esumaLed reallzable value or book value, whlchever ls less.
1.12.3 MandaLory spares of consumable naLure and Lransmlsslon llne lLems are LreaLed as lnvenLory aûer commlsslonlng of Lhe
sysLem.
ZJe
1.12.4 Surplus maLerlals as deLermlned by Lhe managemenL are held for lnLended use and are lncluded ln Lhe lnvenLory.
1.12.3 1he dlmlnuuon ln Lhe value of obsoleLe, unservlceable and surplus sLores and spares ls ascerLalned on revlew and provlded for.
1.13 kLVLNUL kLCCGNI1ICN
1.13.1 1ransmlsslon lncome ls accounLed for based on Larlñ orders nouñed by Lhe CL8C. ln case of Lransmlsslon pro[ecLs where ñnal
Larlñ orders are yeL Lo be nouñed, Lransmlsslon lncome ls accounLed for as per Larlñ norms and oLher amendmenLs nouñed
by Lhe CL8C ln slmllar cases. ulñerence, lf any, ls ad[usLed based on lssuance of ñnal nouñcauon of Larlñ orders by Lhe CL8C.
1ransmlsslon lncome ln respecL of addluonal caplLal expendlLure lncurred aûer Lhe daLe of commerclal operauon ls accounLed
based on acLual expendlLure lncurred on year Lo year basls as per Larlñ norms of Lhe CL8C.
1.13.2 lncome from shorL Lerm open access ls accounLed for on Lhe basls of regulauons nouñed by Lhe CL8C.
1.13.3 1he 1ransmlsslon sysLem lncenuve / dlslncenuve ls accounLed for based on ceruñcauon of avallablllLy by Lhe respecuve 8eglonal
Þower Commluees and ln accordance wlLh Lhe norms nouñed / approved by Lhe CL8C.
1.13.4 ADVANCL AGAINS1 DLÞkLCIA1ICN
1.13.4.1 Advance agalnsL depreclauon (AAu), formlng parL of Larlñ perLalnlng upLo Lhe block perlod 2004-09, Lo faclllLaLe repaymenL
of loans, ls reduced from Lransmlsslon lncome and consldered as deferred lncome Lo be lncluded ln Lransmlsslon lncome ln
subsequenL years.
1.13.4.2 1he ouLsLandlng deferred lncome ln respecL of AAu ls recognlzed as Lransmlsslon lncome, aûer Lwelve years from Lhe end of Lhe
ñnanclal year ln whlch Lhe asseL was commlssloned, Lo Lhe exLenL depreclauon recovered ln Lhe Larlñ durlng Lhe year ls lower
Lhan depreclauon charged ln Lhe accounLs.
1.13.3 Surcharge recoverable from Lrade recelvables and llquldaLed damages / warranLy clalms / lnLeresL on advances Lo suppllers are
recognlzed when no slgnlñcanL uncerLalnLy as Lo measurablllLy and collecLablllLy exlsLs.
1.13.6 1elecom lncome ls accounLed for on Lhe basls of Lerms of agreemenLs/ purchase orders from Lhe cusLomers.
1.13.7 lncome from sole consulLancy conLracLs are accounLed for on Lechnlcal assessmenL of progress of servlces rendered.
1.13.8 ln respecL of 'CosL-plus-consulLancy conLracLs', lnvolvlng execuuon on behalf of Lhe cllenL, lncome ls accounLed for (wherever
lnlual advances recelved) ln phased manner as under:
a. 10° on Lhe lssue of nouce lnvlung 1ender for execuuon
b. 3° on Lhe Award of ConLracLs for execuuon
c. 8alance 83° on Lhe basls of acLual progress of work lncludlng supplles
1.13.9 lncome from Sale of Coods ls recognlzed on Lhe Lransfer of slgnlñcanL rlsks and reward of ownershlp Lo Lhe buyer.
1.13.10 Appllcauon lees recelved on accounL of Long 1erm Cpen Access (L1CA) Charges ls accounLed for as and when recelved ln
accordance wlLh CL8C Culdellnes.
1.13.11 Scrap oLher Lhan sLeel scrap & conducLor scrap are accounLed for as and when sold.
1.13.12 ulvldend lncome ls recognlzed when rlghL Lo recelve paymenL ls esLabllshed.
1.14 LLASLD ASSL1S - UNIIILD LCAD DLSÞA1Cn CLN1kL (ULDC)
1.14.1 SLaLe secLor unlñed load dlspaLch cenLre (uLuC) asseLs leased Lo Lhe beneñclarles are consldered as llnance Lease. neL lnvesLmenL
ln such leased asseLs along wlLh accreuon ln subsequenL years ls accounLed for as Lease 8ecelvables under long Lerm loans &
advances. Wherever granL-ln-ald ls recelved for consLrucuon of SLaLe SecLor uLuC, lease recelvable ls accounLed for neL of such
granL.
1.14.2 llnance lncome on leased asseLs are recognlsed based on a pauern reßecung a consLanL perlodlc raLe of reLurn on Lhe neL
lnvesLmenL as per Lhe levelllsed Larlñ nouñed/Lo be nouñed by Lhe CL8C.
1.14.3 lL8v on forelgn currency loans relaung Lo leased asseLs ls ad[usLed Lo Lhe amounL of lease recelvables and ls amorused over
Lhe remalnlng Lenure of lease. lL8v recovery (as per CL8C norms) from Lhe consuLuenLs ls recognlsed neL of such amorused
amounL.
1.1S DLÞkLCIA1ICN ] AMCk1I2A1ICN
1.13.1 uepreclauon / amoruzauon ls provlded on sLralghL llne meLhod followlng Lhe raLes and meLhodology nouñed by Lhe CL8C for Lhe
purpose of recovery of Larlñ excepL for Lhe followlng asseLs ln respecL of whlch depreclauon / amoruzauon ls provlded aL Lhe raLes
menuoned below:
a) CompuLers & Þerlpherals 30°
b) Moblle Þhones 33.33°
c) Soûware 33.33°
1.13. 2 uLuC asseLs are depreclaLed on SLralghL Llne MeLhod [ 6.67° per annum as deLermlned by Lhe CL8C for levelllzed Larlñ.
1.13. 3 uepreclauon on asseLs of Lelecom and consulLancy buslness, ls provlded for on sLralghL llne meLhod as per raLes speclñed ln
Schedule xlv of Lhe Companles AcL, 1936.
ZJJ
1.13.4 uepreclauon on addluons Lo/deducuons from ñxed asseLs durlng Lhe year ls charged on pro-raLa basls.
1.13.3 Where Lhe cosL of depreclable asseL has undergone a change due Lo lncrease/decrease ln long Lerm moneLary lLems on accounL
of exchange raLe ßucLuauon, prlce ad[usLmenL, change ln duues or slmllar facLors, Lhe unamoruzed balance of such asseL ls
depreclaLed prospecuvely aL Lhe raLes and meLhodology as speclñed by Lhe CL8C 1arlñ 8egulauons, excepL for Lelecom asseLs
where resldual llfe ls deLermlned on Lhe basls of raLes of depreclauon as speclñed ln Schedule xlv of Lhe Companles AcL, 1936.
1.13.6 ÞlanL and machlnery, loose Lools and lLems of sclenuñc appllances, lncluded under dlñerenL heads of asseLs, cosung ` 3000/- or
less, or where Lhe wrluen down value ls `3000/- or less as aL Lhe beglnnlng of Lhe year, are charged oñ Lo revenue.
1.13.7 CLher ñxed asseLs cosung upLo ` 3000/- are fully depreclaLed ln Lhe year of acqulsluon.
1.13.8 Leasehold Land ls fully amoruzed over 23 years or lease perlod whlchever ls lower ln accordance wlLh Lhe raLes and meLhodology
speclñed ln Lhe CenLral LlecLrlclLy 8egulaLory Commlsslon (1erms and Condluons of 1arlñ) 8egulauons, 2009. Lease hold Land
acqulred on perpeLual lease ls noL amorused.
1.13.9 ln Lhe case of asseLs of nauonal Lhermal power corporauon llmlLed (n1ÞC) , nauonal hydro-elecLrlc power corporauon llmlLed
(nPÞC), norLh-easLern elecLrlc power corporauon llmlLed (nLLÞCC), neyvell llgnlLe corporauon llmlLed (nLC) Lransferred w.e.f.
Aprll 1, 1992, !ammu and kashmlr Llnes w.e.f. Aprll 1, 1993, and 1ehrl hydro developmenL corporauon llmlLed (1PuC) w.e.f. AugusL
1, 1993, depreclauon ls charged based on gross block as lndlcaLed ln Lransferor's books wlLh necessary ad[usLmenLs so LhaL Lhe
llfe of Lhe asseLs as lald down ln Lhe CL8C nouñcauon for Larlñ ls malnLalned.
1.16 LkÞLNDI1UkL
1.16.1 Þre-pald/prlor-perlod expenses/lncome of lLems up Lo `100000/- are charged Lo naLural heads of accounL.
1.16.2 LxpendlLure of research and developmenL, oLher Lhan CaplLal LxpendlLure , are charged Lo revenue ln Lhe year of lncurrence.
1.16.3 CaplLal expendlLure on asseLs noL owned by Lhe company ls charged oñ Lo revenue as and when lncurred.
1.17 IMÞAIkMLN1 CI ASSL1S
Cash generaung unlLs as deñned ln Accounung SLandard -28 on 'lmpalrmenL of AsseLs' are ldenuñed aL Lhe balance sheeL daLe
wlLh respecL Lo carrylng amounL vls-a-vls. recoverable amounL Lhereof and lmpalrmenL loss, lf any, ls recognlsed ln SLaLemenL of
proñL & loss. lmpalrmenL loss, lf need Lo be reversed subsequenLly, ls accounLed for ln Lhe year of reversal.
1.18 LMÞLC¥LL 8LNLII1S
1.18.1 Company conLrlbuuon pald/payable durlng Lhe year Lo deñned penslon conLrlbuuon scheme and provldenL fund scheme ls
recognlzed ln Lhe SLaLemenL of ÞroñL and Loss. 1he same ls pald Lo a fund admlnlsLered Lhrough a separaLe LrusL.
1.18.2 1he llablllLy for reuremenL beneñLs of employees ln respecL of CraLulLy, ls ascerLalned annually on acLuarlal valuauon aL Lhe year
end, ls provlded and funded separaLely.
1.18.3 1he llablllues for compensaLed absences, leave encashmenL, posL reuremenL medlcal beneñLs, seulemenL allowance & farewell
glû Lo employees are ascerLalned annually on acLuarlal valuauon aL Lhe year end and provlded for.
1.18.4 ShorL Lerm employee beneñL are recognlzed aL Lhe undlscounLed amounL ln Lhe SLaLemenL of ÞroñL and Loss ln Lhe year ln whlch
Lhe relaLed servlces are rendered.
1.18.3 AcLuarlal galns/losses are recognlzed lmmedlaLely ln Lhe SLaLemenL of ÞroñL & Loss.
1.19 ÞkCVISICNS AND CCN1INGLN1 LIA8ILI1ILS
A provlslon ls recognlzed when Lhe company has a presenL obllgauon as a resulL of pasL evenL and lL ls probable LhaL an ouulow
of resources wlll be requlred Lo seule Lhe obllgauon, ln respecL of whlch a rellable esumaLe can be made based on Lechnlcal
valuauon and pasL experlence. Þrovlslons are noL dlscounLed Lo lLs presenL value and are deLermlned based on managemenL
esumaLe requlred Lo seule Lhe obllgauon aL Lhe balance sheeL daLe. no provlslon ls recognlzed for llablllues whose fuLure ouLcome
cannoL be ascerLalned wlLh reasonable cerLalnues. Such conungenL llablllues are noL recognlzed buL are dlsclosed on Lhe basls of
[udgmenL of Lhe managemenL /lndependenL experL. 1hese are revlewed aL each balance sheeL daLe and ad[usLed Lo reßecL Lhe
currenL managemenL esumaLe.
1.20 INCCML 1Ak
lncome 1ax comprlses of currenL and deferred Lax. CurrenL lncome Laxes are measured aL Lhe amounL expecLed Lo be pald Lo
Lhe lncome Lax auLhorlues ln accordance wlLh lncome 1ax AcL, 1961. ueferred Lax resulung from umlng dlñerence beLween
accounung and Laxable proñL ls accounLed for uslng Lhe Lax raLes and Lhe Lax laws enacLed or subsLanuvely enacLed aL Lhe balance
sheeL daLe. ueferred Lax asseLs are recognlzed only Lo Lhe exLenL LhaL Lhere ls reasonable cerLalnLy LhaL sumclenL fuLure Laxable
lncome wlll be avallable agalnsL whlch such deferred Lax asseLs can be reallzed.
Z1J
Þarncu|ars
Þarncu|ars
Þarncu|ars
Note 2.1 - Share cap|ta|
Note 2.2 - keserves and surp|us
As at 31
st
March, 2013 As at 31
st
March, 2012
As at 31
st

March,2013
No.of Shares Amount ( ` |n crore) No.of Shares Amount ( ` |n crore)
Ior the year ended 31
st
March, 2013 Ior the year ended 31
st
March, 2012
As at 31
st

March, 2012
Lqu|ty Share Cap|ta|
Author|sed Cap|ta|
10000000000 equlLy shares of ` 10/- each 10000.00 10000.00
Issued, Subscr|bed and pa|d up
4629723333 (Þrevlous ?ear 4629723333) equlLy shares of ` 10/-each fully pald up 4629.73 4629.73
1ota| 4629.73 4629.73
Iurther Notes:
1) 8econclllauon of number and amounL of share caplLal ouLsLandlng aL Lhe beglnnlng and aL Lhe end of Lhe reporung perlod
Shares ouLsLandlng aL Lhe beglnnlng of Lhe year 4629723333 4629.73 4629723333 4629.73
Shares lssued durlng Lhe year - - - -
Shares boughL back durlng Lhe year - - - -
Shares ouLsLandlng aL Lhe end of Lhe year 4629723333 4629.73 4629723333 4629.73
2) 1he holders of equlLy shares are enuLled Lo recelve dlvldends as declared from ume Lo ume and are enuLled Lo voung rlghLs
proporuonaLe Lo Lhelr shareholdlng aL meeungs of Lhe Company.
3) 1he CovernmenL of lndla holds 3214024212(Þrevlous ?ear 3214024212) equlLy shares represenung 69.42° (Þrevlous year 69.42°)
of Lhe LoLal equlLy shares of Lhe Company and no oLher share holder of Lhe Company holds more Lhan 3 ° of Lhe equlLy shares ln Lhe
currenL year and ln Lhe preceedlng year.
Secur|nes Þrem|um keserve
As per lasL balance sheeL 4873.13 4873.13
Addluons durlng Lhe year - -
ueducuons durlng Lhe year - -
Closlng 8alance 4873.13 4873.13

8onds kedempnon keserve
As per lasL balance sheeL 3224.03 2368.04
Addluons durlng Lhe year 1166.79 969.49
ueducuons durlng Lhe year 383.33 313.30
Closlng 8alance 4003.29 3224.03

Se|f Insurance keserve
1hrough appropr|anon
As per lasL balance sheeL 231.38 211.43
Addluons durlng Lhe year 33.38 43.83
ueducuons durlng Lhe year 0.46 3.92
Closlng 8alance 304.30 231.38
(` ln Crore)
(` ln Crore)
Z11
Þarncu|ars
Note 2.2 - keserves and surp|us (Contd...)
As at 31
st

March,2013
As at 31
st

March, 2012
1hrough charge to Þroht
As per lasL balance sheeL 69.31 66.20
Addluons durlng Lhe year - 3.92
ueducuons durlng Lhe year 0.33 0.81
Closlng 8alance 68.96 69.31
373.46 320.69
Corporate Soc|a| kespons|b|||ty( CSk) Acnv|ty keserve
As per lasL balance sheeL - 13.22
Addluons durlng Lhe year 11.26 -
ueducuons/Ad[usLmenLs durlng Lhe year (13.26) 13.22
Closlng 8alance 26.32 -
Genera| keserve
As per lasL balance sheeL 10430.73 8988.08
Addluons durlng Lhe year 1911.39 1439.61
ueducuons durlng Lhe year -0.22 -3.06
Closlng 8alance 12362.36 10430.73
Load Despatch & Commun|canon (LDC) Deve|opment Iund
As per LasL 8alance SheeL 70.24 46.29
Addluons durlng Lhe year 38.14 23.93
ueducuons durlng Lhe year - -
Closlng 8alance 108.38 70.24
Cap|ta| keserve
As per LasL 8alance SheeL 1.83 0.70
Addluons durlng Lhe year - 1.26
ueducuons durlng Lhe year 0.12 0.11
Closlng 8alance 1.73 1.83
Short 1erm Cpen Access( S1CA) keserve
As per LasL 8alance SheeL - -
Addluons durlng Lhe year 276.34 219.88
ueducuons durlng Lhe year (belng uullsauon of S1CA lncome (neL of 1axes)
(noLe no.2.23) ln accordence wlLh Lhe CL8C (Cpen Access lnLer sLaLe
Lransmlsslon) 8egulauons, 2008 as amended upLo daLe) 276.34 219.88
Closlng 8alance - -
21732.89 18942.71
Surp|us(8a|ance |n statement of Þroht and |oss)
As per lasL balance sheeL 10.77 18.73
Add:Addluons
ÞroñL aûer Lax as per SLaLemenL of ÞroñL and Loss 4312.61 3302.99
1ransfer from 8ond 8edempuon 8eserve 383.33 313.30
1ransfer from S1CA 8eserve 276.34 219.88
1ransfer from Self lnsurance 8eserve 0.46 -
(` ln Crore)
Z1Z
CS8 Acuvlues 8eserve - 13.22
ulvldend Ad[usLmenL 48.16 44.72
ulvldend Lax ad[usLed - 0.30
Less: Approprlauons
S1CA 8eserve 276.34 219.88
8onds 8edempuon 8eserve 1166.79 969.49
CS8 Acuvlues 8eserve 26.32 -
LuC uevelopmenL 8eserve 38.14 23.93
Self lnsurance 8eserve 33.38 43.83
ulvldend Lax ad[usLed 0.73 -
Ceneral 8eserve 1911.39 1439.61
lnLerlm dlvldend 778.64 399.06
ulvldend Lax on lnLerlm dlvldend 126.27 63.46
Þroposed ulvldend 342.74 621.41
ulvldend Lax on Þroposed ulvldend 92.24 100.06
Closlng 8alance 20.49 10.77
1C1AL 21773.38 189S3.48
a) Advance AgalnsL uepreclauon 2143.34 2192.16
b) CranLs ln ald 117.33 140.39
c) ueferred lncome/(expendlLure) from lorelgn Currency llucLuauon(neL) 1303.61 493.17
1C1AL 3766.48 282S.92
A) 8CNDS
A1) Secured (1axable, 8edeemable, non-Cumulauve, non-Converuble)
A1.1 l) 8onds of ` 10 Lakh each
kkkIk Issue- 9.40¼ redeemab|e at par on 29.03.2027 1800.00 1800.00*
kkkVIII Issue- 9.2S¼ redeemab|e at par on 09.03.2027 833.00 833.00*
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl passu on lmmovable
properLy slLuaLed aL Mou[e Ambheu 1aluka kaparada ln dlsLrlcL valsad Cu[araL
and ßoaung charge on Lhe asseLs of Lhe company.
ll) 8onds of ` 1.3 crore each conslsung of 12 S18ÞÞs of ` 12.30 Lakhs
each redeemable aL par ln 12 (Lwelve) equal annual lnsLalmenLs.
kLI Issue-8.8S¼ redeemab|e w.e.f. 19.10.2016 2842.30 -
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl passu on lmmovable
properLy slLuaLed aL Mou[e Ambheu 1aluka kaparada ln dlsLrlcL valsad Cu[araL
and ßoaung charge on Lhe asseLs of Lhe company.

Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
Þarncu|ars
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March,2013
As at 31
st

March, 2012
As at 31
st

March, 2012
Note 2.2 - keserves and surp|us (Contd...)
Note 2.3 - Deferred kevenue
Note 2.4-Long-term borrow|ngs
(` ln Crore)
(` ln Crore)
(` ln Crore)
Z1J
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.4-Long-term borrow|ngs (contd...)
lll) 8onds of ` 1.30 crore each, conslsung of 13 S18ÞÞs of ` 10.00 Lakhs
each redeemable aL par ln 13 (ñûeen) equal annual lnsLalmenLs
kkkVI Issue- 9.3S¼ redeemab|e w.e.f. 29.08.2016 3090.00 3090.00
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl passu on lmmovable
properLy slLuaLed aL Mou[e Ambheu 1aluka kaparada ln dlsLrlcL valsad Cu[araL
and ßoaung charge on Lhe asseLs of Lhe company.
lv) 8onds of ` 1.3 crore each conslsung of 12 S18ÞÞs of ` 12.30 Lakhs
each redeemable aL par ln 12 (Lwelve) equal annual lnsLalmenLs.
kL Issue-9.30¼ redeemab|e w.e.f. 28.06.2016 3997.30 -
kkkVII Issue- 9.2S¼ redeemab|e w.e.f 26.12.201S 1993.00 1993.00
kkkV Issue- 9.64¼ redeemab|e w.e.f 31.0S.201S 1937.30 1937.30
kkkIV Issue- 8.84¼ redeemab|e w.e.f 21.10.2014 3487.30 3487.30
kkkIII Issue- 8.64¼¼ redeemab|e w.e.f 08.07.2014 2880.00 2880.00
kkkII Issue- 8.84¼ redeemab|e w.e.f 29.03.2014 948.73 1033.00
kkkI Issue- 8.90¼ redeemab|e w.e.f 2S.02.2014 1876.88 2047.30
kkk Issue- 8.80¼ redeemab|e w.e.f 29.09.2013 2138.12 2332.30
kkIk Issue- 9.20¼ redeemab|e w.e.f 12.03.2013 1081.23 1189.37
kkVIII Issue- 9.33¼ redeemab|e w.e.f 1S.12.2012 2000.00 2200.00
kkVII Issue- 9.47¼ redeemab|e w.e.f 31.03.2012 328.73 387.30
kkVI Issue- 9.30¼ redeemab|e w.e.f 07.03.2012 749.23 832.30
kkV Issue- 10.10¼ redeemab|e w.e.f 12.06.2011 798.73 887.30
kkIV Issue- 9.9S¼ redeemab|e w.e.f 26.03.2011 333.00 399.63
kkIII Issue- 9.2S¼ redeemab|e w.e.f 09.02.2011 203.00 230.63
kkII Issue- 8.68¼ redeemab|e w.e.f 07.12.2010 460.00 317.30
kkI Issue- 8.73¼ redeemab|e w.e.f 11.10.2010 340.00 382.30
kk Issue- 8.93¼ redeemab|e w.e.f 07.09.2010 1000.00 1123.00
kIk Issue- 9.2S¼ redeemab|e w.e.f 24.07.2010 330.00 371.23
kVIII Issue- 8.1S¼ redeemab|e w.e.f 09.03.2010 382.73 666.00
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl passu on lmmovable
properLy slLuaLed aL Mou[e Ambheu 1aluka kaparada ln dlsLrlcL valsad Cu[araL
and ßoaung charge on Lhe asseLs of Lhe company.
v) 8onds of ` 1.00 crore each, conslsung of 10 S18ÞÞs of ` 10.00 Lakhs
each redeemable aL par ln 10 (Len) equal annual lnsLalmenLs.
kVII Issue- 7.39¼ redeemab|e w.e.f 22.09.2009 300.00 600.00
kVI Issue- 7.10¼ redeemab|e w.e.f 18.02.2009 300.00 373.00
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl passu on lmmovable
properLy slLuaLed aL Mou[e Ambheu 1aluka kaparada ln dlsLrlcL valsad Cu[araL
and ßoaung charge on Lhe asseLs of Lhe company.
vl) 8onds of ` 1.3 crore each conslsung of 12 S18ÞÞs of ` 12.30 Lakhs
each redeemable aL par ln 12 (Lwelve) equal annual lnsLalmenLs.
kV Issue-6.68¼ redeemab|e w.e.f. 23.02.2008 373.00 430.00
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl passu
on lmmovable properLy slLuaLed aL Mou[e Ambheu 1aluka kaparada ln dlsLrlcL
valsad Cu[araL and ßoaung charge on Lhe asseLs of Lhe company.
A1.2 8onds of ` 1.3 crore each conslsung of 12 S18ÞÞs of ` 12.30 lakh each
redeemable aL par ln 12 (Lwelve) equal annual lnsLalmenLs
kIII |ssue-8.63¼ redeemab|e w.e.f 31.07.2006 270.00 337.30
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl-passu
on lmmovable properLy slLuaLed aL Mou[e Ambheu 1aluka kaparada ln ulsLrlcL
valsad Cu[araL and morLgage & hypoLhecauon on asseLs of klshenpur Moga &
uulhasu Conungency 1ransmlsslon SysLem
A1.3 8onds of ` 1.3 crore each conslsung of 12 S18ÞÞs of ` 12.30 lakh each
redeemable aL par ln 12 (Lwelve) equal annual lnsLalmenLs
(` ln Crore)
Z1+
kII |ssue-.9.70¼ redeemab|e w.e.f 28.03.2006 46.12 61.30
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl-passu on lmmovable
properLy slLuaLed aL Mou[e Ambheu 1aluka kaparada ln ulsLrlcL valsad Cu[araL
and morLgage and hypoLhecauon on asseLs of kayamkulam & 8amagundam
Pyderabad 1ransmlsslon SysLem
A1.4 8onds of ` 3 crore each conslsung of 12 S18ÞÞs of ` 23 lakh each
redeemable aL par ln 12 (Lwelve) equal annual lnsLalmenLs
kI |ssue-9.80¼ redeemab|e w.e.f 07-12-200S 133.73 181.00
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl-passu on lmmovable
properLy slLuaLed aL Mou[e Ambheu 1aluka kaparada ln ulsLrlcL valsad Cu[araL
and morLgage & hypoLhecauon on asseLs of AnLa,Aurlya, Moga-8hlwanl,
Chamera-klshenpur, Sasaram-Allahbad, LlLC of Slngraulll-kanpur and Allahbad
Sub-SLauon
8onds of `.1000/-each redeemable aL par ln 10(1en) equal annual
lnsLalmenLs
A1.S VIII |ssue-10.3S¼ redeemab|e w.e.f. 27.04.200S 2.00 4.00
Secured by ßoaung charge over Lhe llxed AsseLs of Lhe Company
8onds of ` 1.3 crore each conslsung of 12 S18ÞÞs of ` 12.30 Lakhs
each redeemable aL par ln 12 (Lwelve) equal annual lnsLalmenLs.
A1.6 kIV |ssue-6.10¼ redeemab|e w.e.f 17.07.2004 116.30 174.73
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl passu on lmmovable
properLy slLuaLed aL Mou[e Ambheu 1aluka kaparada ln dlsLrlcL valsad Cu[araL
and ßoaung charge on Lhe asseLs of Lhe company.
A1.7 8onds of ` 12 lakh each redeemable aL par ln 12 (Lwelve) equal
annual lnsLalmenLs
k |ssue-10.90¼ redeemab|e w.e.f 21.06.2004 126.92 190.38
Secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl passu on lmmovable
properLy slLuaLed aL Mou[e Ambheu 1aluka kaparada ln ulsLrlcL valsad Cu[araL
and morLgage & hypoLhecauon of Lhe asseLs of C1Þ-larakka & Chamera
1ransmlsslon sysLem
38349.79 33443.31
A2) 1o be Secured (1axab|e, kedeemab|e, Non-Cumu|anve, Non-Convernb|e)
A2.1 8edeemable 8onds of ` 10 Lakh each
kLII Issue-8.80¼ redeemab|e at par on 13.03.2023 1990.00 -
1o be secured by way of 8eglsLered 8ond 1rusL ueed ranklng parl passu on
lmmovable properLy slLuaLed aL Mou[e Ambheu 1aluka kaparada ln dlsLrlcL
valsad Cu[araL and ßoaung charge on Lhe asseLs of Lhe company.
1990.00 -
A3) Unsecured
A3.1 8edeemable lorelgn Currency 8onds
3.87S¼ Iore|gn Currency 8onds to be redeemed at par on 17.01.2023 2743.30 -
1ota| (A) 4308S.29 33443.S1
8) 1erm |oans from 8anks
81) kupee Loan (Secured)
81.1 |) Corporanon 8ank - 3.00
||) Þun[ab Nanona| 8ank-Loan-II 30.00 73.00
|||) Cr|enta| 8ank of Commerce 41.67 62.30
Secured by a ßoaung charge on Lhe ñxed asseLs of Lhe Company
81.2 |) L|ne of Cred|t (LCC) from State 8ank of Ind|a 1300.00 1000.00*
Secured by way of parl passu charge on assesL of Lhe company excepL
lnvesLmenLs, Land and 8ulldlngs and CurrenL AsseLs.
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.4-Long-term borrow|ngs (contd...)
(` ln Crore)
Z15
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.4-Long-term borrow|ngs (contd...)
||) State 8ank of Ind|a 102.13 113.81
|||) Centra| 8ank of Ind|a 32.22 33.33
|v) Iammu and kashm|r 8ank 21.48 23.36
v) Þun[ab Nanona| 8ank 42.93 47.11
Secured by a PypoLhecauon of !v Company (!ayÞee Þower Crld LLd and
Þowerllnks 1ransmlsslon LLd.) Movable asseLs, lnLanglble AsseLs and CurrenL
asseLs
v|) 8ank of 8aroda 42.41 47.70
Secured by ñrsL parl passu charge over Lhe Movable asseLs of !v Company
(1orrenL Þowergrld LLd.)

v||) Cther 8anks 83.00 60.94
Secured by llrsL morLgage and charge on all Lhe lmmovable and movable asseLs
of !v Company (1eesLavalley Þower 1ransmlsslon LLd. )
1ota| (81) 191S.86 1470.9S
82) Iore|gn Currency Loans(Secured)
82.1 8ank of Ind|a Cayman Is|ands 260.10 271.73
Secured by a lloaung charge on Lhe lmmovable properues of Lhe company
82.2 |) Nord|c Investment 8ank (ÞILS120) 336.71 470.19*
||) AD8-VIII (2788-IND) 124.86
Secured by parl passu lnLeresL ln Lhe llens creaLed on Lhe asseLs as securlLy for
Lhe debLs.
|||) As|an deve|poment 8ank 39.90 71.88
Secured by ñrsL parlpasu charge on Langlble/ lnLanglble, all movable asseLs &
currenL asseLs of !v Company ( Þowerllnks 1ransmlsslon LLd.)
Guaranteed by Government of Ind|a
82.3 lrom Aslan uevelopmenL 8ank (Au8)
AD8-I (140S-IND) 146.13 262.03
AD8-II (1764-IND) 892.71 919.02
AD8-III (21S2-IND) 1847.37 1768.63
AD8-IV (241S-IND) 1764.94 1348.74*
AD8-V (2S10-IND) 318.64 340.14*
lrom lnLernauonal 8ank for 8econsLrucuon and uevelopmenL (l88u)
ÞSDÞ-II (4603-IN) 1489.44 1342.33
ÞSDÞ-III (4813-IN) 1861.39 1839.81
ÞSDÞ-IV (4890-IN) 2970.23 2683.06
ÞSDÞ-IV (Add|.) (7S93-IN) 1668.72 1486.81
ÞSDÞ-V (7787-IN) 1706.89 878.91
Secured by parl passu lnLeresL ln Lhe llen creaLed on Lhe asseLs as securlLy
for Lhe debLs.
82.4 ÞSDÞ-I (3S77-IN) - 70.06
Secured by equlLable morLgage of lmmovable properues and hypoLhecauon of
movable properues of vlndhyachal and 8lhand 1ransmlsslon sysLem.
1ota| 82 1S868.4S 1397S.36
(` ln Crore)
Z1ë
83) Iore|gn Currency Loans(1o 8e Secured)
83.1 lrom Aslan uevelopmenL 8ank (Au8) (CuaranLeed by CovernmenL of lndla)
AD8-VI (2823-IND) 96.03 -
AD8-VII (2787-IND) 212.61 -
83.2 lrom CLher 8anks
Inernanona| I|nance Corporanon 1208.02 -
ICI Debt Þoo| LLÞ 274.33 -
1o be Secured by parl passu lnLeresL ln Lhe llen creaLed on Lhe asseLs as
securlLy for Lhe debLs.
1ota| 83 1791.23 -
84) Iore|gn currency |oans (Unsecured)
84.1 Skand|nav|ska Lnsk||da 8anken A8(pub|) Sweden 67.03 82.32
A8 Svensk Lxportkred|t,Sweden 382.42 -
84.2 Guaranteed by Government of Ind|a
Nanx|s 8anque (Iormere|y Cred|t Nanona|) Irance 98.01 104.68
Iapan Internanona| Cooperanon Agency(Iormer|y Iapan 8ank for
Internanona| Cooperanon ) Iapan 138.43 161.09
Luropean Investment 8ank Luxembourg - 21.29
1ota| (84) 68S.89 369.S8
1ota| 8 20261.43 1S81S.89
C Term Loan From Others
kupee Loans (Secured)
C1 L|fe Insurance Corporanon of Ind|a-II 110.32 171.10
L|fe Insurance Corporanon of Ind|a-III 3.32 9.91
Secured by a ßoaung charge on Lhe ñxed asseLs of Lhe Company.
Internanona| I|nance Corporanon 67.37 80.84
IDFC 30.61 60.74
Secured by way of ñrsL charge ranklng parlpasu on Langlble/lnLanglble on all
movable asseLs & currenL asseLs of !v company (Þowerllnks 1ransmlsslon LLd)
Þower I|nance Corporanon L|m|ted 411.97 323.73
kura| L|ectr|hcanon corporanon 39.83 20.88
Secured by llrsL MorLgage of lmmovable properues and PypoLhecauon of all
movable asseLs and currenL asseLs of !v company (Þarbau koldam 1ransmlsslon
Company LLd & norLh LasL 1ransmlsslon Company LlmlLed)
683.42 667.22
Iore|gn Currency Loan (Unsecured)
C2 kred|tansta|t fur W|ederaumau Germany - 79.11
- 79.11
1ota| C 683.42 746.33
1C1AL (A 1C C) 64030.14 S000S.73
Iurther notes:
1he 1erm loans are repayable ln lnsLallmenLs as per Lhe Lerms of respecuve agreemenL generally over Lhe perlod of 10 Lo 20
years aûer Lhe moraLorlum perlod of 3 Lo 3 years.
*ln prevlous year shown as Lo be secured. Securlues for Lhese are creaLed ln CurrenL ?ear.
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.4-Long-term borrow|ngs (contd...)
(` ln Crore)
Z1ì
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.8 - Short-term borrow|ngs
Short Term Loans
lrom 8anks
Secured* 6.97 8.28
unsecured 2000.00 1630.00
From Others
unsecured 20.09 -
1ota| 2027.06 16S8.28
* Secured by hypoLhlcauon of ñxed deposlLs and movable asseLs of Lhe !olnL venLure Companles
(` ln Crore)
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.S - Deferred tax ||ab|||nes (Net)
Þarncu|ars
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March,2013
As at 31
st

March, 2012
As at 31
st

March, 2012
Note 2.6 - Cther Long term ||ab|||nes
Note 2.7 - Long-term prov|s|ons
Deferred 1ax ||ab|||ty
1owards llxed AsseLs( neL) (A) SS49.19 3099.23

Deferred 1ax Assets
lncome durlng ConsLrucuon Þerlod 86.38 44.26
Self lnsurance 8eserve 22.22 21.21
Þrovlslons allowable on paymenL basls 68.82 143.27
Advance AgalnsL uepreclauon 711.78 693.33
CLhers 9.48 3.13
Sub-tota| (8) 898.88 907.42
Deferred 1ax L|ab|||ty (Net) ( A-8) 46S0.31 4191.83
Less : kecoverab|e from 8enehc|ar|es 267S.28 2397.27
Net Deferred 1ax L|ab|||ty 197S.03 1394.36
neL lncrease ln deferred Lax llablllLy of `380.47 Crore (Þrevlous year `430.42 Crore) has been charged Lo Lhe SLaLemenL of ÞroñL and Loss.
Cther ||ab|||nes
l) ueposlLs /8eLenuon money from conLracLors and oLhers. 312.84 614.19
Less: lnvesLmenLs held as securlLy - 0.34
312.84 613.83
ll) Advance from cusLomers (ConsulLancy conLracLs) 448.33 471.84
lll) uues for CaplLal LxpendlLure 28.33 304.08
lv) CLhers 46.90 72.48
1ota| 1036.80 1462.23
Iurther Notes: 8ased on Lhe lnformauon avallable wlLh Lhe company, Lhere are no suppllers/servlce provlders who are reglsLered as mlcro, small or
medlum enLerprlses under º1he Mlcro, Small and Medlum LnLerprlses uevelopmenL AcL, 2006" as aL 31
sL
March, 2013 and as aL 31
sL
March, 2012.
Lmp|oyee 8enehts
As per lasL balance sheeL 448.93 340.82
Addluons durlng Lhe year 449.29 108.21
AmounLs uullsed/pald durlng Lhe year 428.33 0.08
Closlng 8alance 469.89 448.93
1C1AL 469.89 448.9S
(` ln Crore)
(` ln Crore)
(` ln Crore)
Z1e
Þarncu|ars
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March,2013
As at 31
st

March, 2012
As at 31
st

March, 2012
Note 2.9 - 1rade payab|es
Note 2.10 - Cther current ||ab|||nes
lor goods and servlces 238.04 234.60
1ota| 2S8.04 234.60
Iurther Notes:
8ased on Lhe lnformauon avallable wlLh Lhe company, Lhere are no suppllers/servlce provlders who are reglsLered as mlcro, small
or medlum enLerprlses under º1he Mlcro, Small and Medlum LnLerprlses uevelopmenL AcL, 2006" as aL 31
sL
March, 2013 and as
aL 31
sL
March, 2012.
A) Current matur|nes of Long 1erm borrow|ngs
Secured
8onds 1933.71 1340.11
8upee 1erm Loans 170.81 219.04
lorelgn Currency Loans 849.44 708.41
2933.96 2467.36
Unsecured
8upee 1erm Loans - 3.00
lorelgn Currency Loans 222.24 218.87
222.24 223.87
8) Interest Accrued 8ut Not Due Cn borrow|ngs Irom
lndlan 8anks llnanclal lnsuLuuons & Corporauons 29.76 29.02
lorelgn 8anks & llnanclal lnsuLuuons 40.10 41.47
Secured/unsecured redeemable 8onds 1388.94 1211.97
C) Cthers 1638.80 1282.46
l) uues for CaplLal LxpendlLure 2822.24 1224.49
ll) Lmployee relaLed llablllues 68.44 4.34
lll) unpald maLured bonds 0.09 0.08
lv) unclalmed ulvldends 8.46 3.93
v) ueposlLs/8eLenuon money from conLracLors and oLhers. 2183.29 1386.67
Less: lnvesLmenLs held as securlLy 3.98 0.73
2177.31 1383.92
vl) Advance from cusLomers ( ConsulLancy conLracLs) 2230.48 1819.33
vll) SLaLuLory dues 118.23 76.09
vlll) 8elaLed parues 22.99 30.04
lx) Llablllues ln respecL of deslgnaLed a/c operaLed and
malnLalned ln Lerms of CL8C 8egulauons 203.73 426.64
x) CLhers 133.73 23.49
7783.74 3198.33
1ota| 12620.74 9172.44
lurLher noLes:
8reakup of relaLed parues ls provlded ln noLe 2.43(b)
(` ln Crore)
(` ln Crore)
Z1J
Þarncu|ars
As at 31
st

March,2013
As at 31
st

March, 2012
Note 2.11 - Short-term prov|s|ons
a) Lmp|oyee 8enehts
|) 1ransm|ss|on |ncennve]spec|a| |ncennve
As per lasL balance sheeL 223.38 199.47
Addluon durlng Lhe year 137.62 137.22
AmounL pald/ad[usLed durlng Lhe year 232.31 111.11
Closlng 8alance 130.69 223.38
||) kenrement beneht]Wage rev|s|on
As per lasL balance sheeL 100.73 67.32
Addluons durlng Lhe year - 33.43
AmounLs uullsed/pald durlng Lhe year 100.73 -
Closlng 8alance - 100.73
|||) Cther Lmp|oyee 8enehts
(Leave Lncashment, Seu|ement A||owance and Long Serv|ce Award etc.)
As per lasL balance sheeL 26.31 29.86
Addluons durlng Lhe year 23.08 9.99
AmounLs uullsed/pald durlng Lhe year 22.22 13.34
Closlng 8alance 27.37 26.31
1ota| (A) 1S8.06 3S2.84
b) Cthers
|) 1axanon (Inc|ud|ng |nterest on 1ax )
As per lasL balance sheeL 31.26 1600.33
Addluons durlng Lhe year 1122.47 938.81
AmounL ad[usLed durlng Lhe year (1343.01) 480.33
neL oñ agalnsL Laxes pald (noLe 2.23) 2716.74 2007.73
Closlng 8alance - 31.26
||) Þroposed D|v|dend
As per lasL balance sheeL 621.41 397.83
Addluons durlng Lhe year 342.74 621.41
AmounLs pald durlng Lhe year 621.41 397.83
Closlng 8alance 342.74 621.41
|||) 1ax on Þroposed D|v|dend
As per lasL balance sheeL 100.80 96.97
Addluons durlng Lhe year 92.24 100.80
AmounLs pald/ad[usLed durlng Lhe year 100.80 96.97
Closlng 8alance 92.24 100.80
|v) Downnme Serv|ce Cred|t-1e|ecom
As per lasL balance sheeL 3.21 2.46
Addluons durlng Lhe year 1.71 0.73
AmounLs ad[usLed/pald durlng Lhe year 1.18 -
Closlng 8alance 3.74 3.21
v) Þrov|s|on for Corporate Soc|a| kespons|b|||ty (CSk) Acnv|ty
As per lasL balance sheeL 13.26 -
Addluons durlng Lhe year - 13.26
AmounLs ad[usLed/pald durlng Lhe year 13.26 -
Closlng 8alance - 13.26
v|) Þrov|s|on Cthers
As per lasL balance sheeL 1.33 0.13
Addluons durlng Lhe year 0.01 1.44
AmounLs ad[usLed/pald durlng Lhe year 1.33 0.04
Closlng 8alance 0.01 1.33
1ota| (8) 638.73 793.47
1ota| (A+8) 796.79 1146.31
(` ln Crore)
ZZJ
Þarncu|ars
Gross 8|ock Deprec|anon]Amornsanon Net 8|ock
As at 31
st

March,
2012
As at 31
st
March,
2013
As at 31
st
March,
2013
Sa|e ]
D|sposa|
Add|tons
dur|ng the
year
Upto 31
st

March,
2012
As at 31
st
March,
2013
Ad[ustment
dur|ng
the year
Add|tons
dur|ng
the year
As at 1
st

Apr||,
2012
Sa|e ]
D|sposa|
Ad[ustment
dur|ng
the year
Note 2.12 - 1ang|b|e assets
Land
a) lreehold 1191.07 143.69 - (19.47) 13S4.23 - - - - - 13S4.23 1191.07
b) Leasehold 211.38 30.88 - (9.43) 2S1.91 17.93 8.31 - (0.33) 26.81 22S.10 193.63
8u||d|ngs
a) Sub-SLauons 309.30 33.71 - (7.43) S72.66 133.33 19.83 - 0.13 173.2S 399.41 333.93
& Cmce
b) 1ownshlp 413.74 34.98 - (6.31) 4SS.23 97.78 16.99 - (0.96) 11S.73 339.S0 313.96
c) 8LuC 9.87 0.61 - (0.10) 10.S8 1.90 0.23 - 2.13 8.4S 7.97
1emporary Lrecuon 9.28 0.32 - 1.94 7.66 9.27 0.33 - 1.93 7.6S 0.01 0.01
8oads & 8rldges 127.86 12.69 - 0.94 139.61 33.97 6.03 - (0.03) 40.0S 99.S6 93.89
WaLer Supply uralnage 81.17 12.83 - 0.07 93.9S 22.73 3.43 - (0.16) 26.32 67.63 38.44
& Sewerage
Þ|ant & Lqu|pment
a) 1ransmlsslon 40416.34 7832.20 - (781.06) 49029.60 8981.01 2190.39 - 26.17 1114S.43 37884.17 31433.33
b) SubsLauon 18864.18 7780.74 - (333.06) 27179.98 3696.84 1144.60 - (18.37) 68S9.81 20320.17 13167.34
c)unlñed Load 382.00 29.09 0.04 173.77 43S.28 463.32 32.19 0.02 189.46 308.23 127.0S 116.48
uespaLch &
Communlcauon
d) 1elecom 1224.81 102.34 - (39.34) 1366.69 443.33 73.30 - (0.17) S17.22 849.47 781.26
lurnlLure llxLures 77.81 9.14 0.10 0.37 86.28 34.83 4.68 0.06 0.04 39.41 46.87 42.98
Cmce equlpmenL 77.41 11.97 0.18 (0.33) 89.SS 34.37 4.76 0.09 0.03 39.19 S0.36 42.84
LlecLronlc uaLa 84.27 21.33 0.21 0.69 104.92 38.72 10.43 0.16 (0.47) 69.46 3S.46 23.33
Þrocesslng & Word
Þrocesslng Machlnes
vehlcles 3.23 0.22 0.28 0.16 S.01 2.28 0.39 0.22 0.12 2.33 2.68 2.93
ConsLrucuon and 103.44 28.96 0.14 (0.60) 132.86 23.34 6.00 0.04 (0.06) 31.36 101.S0 78.10
Workshop
equlpmenL
LlecLrlcal lnsLallauon 86.36 31.29 - 0.43 117.42 32.39 4.73 - (0.47) 37.61 79.81 34.17
LaboraLory 36.49 7.84 - - 64.33 28.33 2.34 - (0.03) 30.92 33.41 28.14
LqulpmenLs
Workshop & 1esung 21.37 1.12 - (0.03) 22.S4 14.36 0.46 - - 14.82 7.72 7.01
LqulpmenLs
Mlscellaneous 0.62 0.23 0.03 - 0.82 0.23 0.04 0.02 - 0.2S 0.S7 0.39
AsseLs/LqulpmenLs
1ota| 64134.60 16148.42 0.98 (1219.07) 81S21.11 16133.14 3330.12 0.61 196.67 19487.98 62033.13 47999.46
Less: Þrovlslon for 10.47 - - - 10.47 8.71 - - - 8.71 1.76 1.76
asseLs dlscarded
Grand 1ota| 64144.13 16148.42 0.98 (1219.07) 81S10.64 16146.43 3330.12 0.61 196.67 19479.27 62031.37 47997.70
Þrev|ous ¥ear 31197.31 12334.93 2.31 (624.67) 64134.60 13317.43 2631.21 1.70 11.82 16133.14 47999.46
Less: Þrovlslon for 10.47 - - - 10.47 8.71 - - - 8.71 1.76
asseLs dlscarded
1ota| 31186.84 12334.93 2.31 (624.67) 64144.13 13308.74 2631.21 1.70 11.82 16146.43 47997.70
Iurther Notes:
a) 1he company owns 3937 hecLare (prevlous ?ear 3377 hecLare) of land amounung Lo ` 1606.14 crore (prevlous ?ear ` 1402.63 crore) whlch has been classlñed lnLo
freehold `1334.23 crore (prevlous year ` 1191.07 crore) and leasehold ` 231.91 crore (prevlous year ` 211.38 crore) based on avallable documenLauon
b) l) 1he land classlñed as leasehold land held ln Lhe SLaLe of !ammu and kashmlr amounung Lo ` 39.72 crore (Þrevlous ?ear ` 34.60 crore) ls acqulred by sLaLe
CovernmenL as per procedures under SLaLe Land Acqulsluon AcL. As per prevalllng law Lhe saLe governmenL remalns Lhe owner of Lhe land so acqulred and
company ls only glven possesslon for Lhe speclñc use.
ll) 1he Lransmlsslon sysLem slLuaLed ln Lhe sLaLe of !ammu and kashmlr have been Laken over by Lhe company w.e.f 1sL Aprll 1993 from nauonal PydroelecLrlc Þower
Corporauon of lndla LLd. (nPÞC) upon muLually agreed Lerms pendlng compleuon of legal formallues.
c) lreehold land lncludes ` 33.32 crore (prevlous year ` 33.71 crore) and ` 32.39 crore (prevlous year ` 27.31 crore) ln respecL of land acqulred by Lhe Company for
whlch conveyance deed ln favour of Lhe Company and muLauon ln revenue record respecuvely ls pendlng.
d) Leasehold land lncludes ` 7.64 crore (prevlous year ` 7.64 crore) ln respecL of land acqulred for omce complex on perpeLual lease basls wlLh an unllmlLed useful llfe
aL kaLwarla Saral, new uelhl and hence noL amorused
e) Leasehold land lncludes ` 13.97 crore (prevlous year `.13.97 crore ) ln respecL of land acqulred by Lhe company for whlch legal formallues are pendlng.
f) lreehold land lncludes 0.16 hecLare land valulng ` 0.03 crore whlch ls noL ln possesslon of Lhe Company due Lo encroachmenL by farmers. Company ls Laklng
approprlaLe acuon for repossesslon of Lhe same.
g) 1ownshlp bulldlngs lncludes ` 7.27 crore (prevlous year ` 7.27 crore) for 28 ßaLs aL Mumbal, for whlch reglsLrauon ln favour of Lhe company ls pendlng.
h) ÞlanL and machlnery under subsLauon ln ñxed asseLs lncludes companys share of ` 3.8 crore (prevlous year ` 3.8 crore) ln common servlces and faclllues of
400 kv sub-sLauons of uuar Þradesh sLaLe elecLrlclLy board (uÞSL8) and 8a[asLhan sLaLe elecLrlclLy board (8SL8) pendlng execuuon of formal agreemenLs for [olnL
ownershlp.
(` ln Crore)
ZZ1
Þarncu|ars
Þarncu|ars
Gross 8|ock Deprec|anon]Amornsanon Net 8|ock
As at 31
st

March,
2012
As at 31
st

March, 2013
Cap|ta||sed
dur|ng the year
As at 1
st

Apr||, 2012
Add|nons Ad[ustments
As at 31
st
March,
2013
As at 31
st
March,
2013
Sa|e ]
D|sposa|
Add|tons
dur|ng the
year
Upto 31
st
March,
2012
As at 31
st
March,
2013
Ad[ustment
dur|ng
the year
Add|tons
dur|ng
the year
As at 1
st

Apr||,
2012
Sa|e ]
D|sposa|
Ad[ustment
dur|ng
the year
Note 2.13 - Intang|b|e assets
Note 2.14 - Cap|ta| work |n progress
(` ln Crore)
(` ln Crore)
LlecLronlc uaLa 7.69 4.01 - (0.34) 12.24 3.90 2.36 - (0.33) 6.79 3.43 3.79
Þrocesslng Sofware
8lghL of 367.37 219.47 - (13.40) 600.24 47.03 22.76 - - 69.81 330.43 320.32
Way-AñoresLauon
Lxpenses - 1.26 (191.39) 192.83 - 2.12 - (189.49) 191.61 1.24 -
SCAuA Soûware
1ota| 37S.06 224.74 (20S.S3) 80S.33 S0.9S 27.44 - (189.82) 268.21 S37.12 324.11
Þrevlous ?ear 273.39 97.21 (2.26) 373.06 21.70 17.77 - (11.48) 30.93 324.11
Land
uevelopmenL of land 86.73 38.07 39.80 34.82 30.20
8u||d|ngs
a) Sub-SLauons & Cmce 67.68 117.02 3.90 33.46 123.34
b) 1ownshlp 63.97 48.34 18.84 34.98 38.69
1emporary erecuon 0.43 0.31 0.04 0.23 0.67
8oads & 8rldges 11.17 23.26 0.62 11.67 22.14
WaLer Supply uralnage and Sewerage 6.13 13.33 0.77 12.82 6.09
Þ|ant & Lqu|pments (|nc|ud|ng assoc|ated c|v|| works)
a) 1ransmlsslon 9036.34 11689.63 (108.60) 7368.63 13486.14
b) Sub-SLauon 3386.39 3803.36 (149.66) 7719.83 1821.96
c) unlñed Load uespaLch & Communlcauon 12.43 3.02 1.96 9.62 3.89
d) 1elecom 63.20 144.92 41.19 102.34 66.39
lurnlLure llxLures 0.33 0.91 - 0.48 0.76
CLher omce equlpmenLs 1.88 - 0.94 0.77 0.17
LlecLrlcal lnsLallauons 12.42 21.24 2.62 19.94 11.10
Lxpend|ture pend|ng a||ocanon
l) Survey lnvesugauon ConsulLancy & Supervlslon Charges 396.26 16.04 226.38 2.38 183.14
ll) ulñerence ln Lxchange on forelgn Loans 231.81 393.61 117.04 73.13 437.23
lll) LxpendlLure durlng ConsLrucuon ( noLe 2.32) 2649.12 2073.14 1684.62 33.48 2982.16
1C1AL 16248.7S 20393.04 1882.66 1SS02.86 192S6.27
Þrev|ous ¥ear 13326.33 16443.26 1836.93 11666.09 16248.73
Iurther Notes:
CaplLal Work ln Þrogress (CWlÞ) lncludes `1.38 crore belng Lhe cosL of 13 foundauons whlch became redundanL because of change ln a
Lransmlsslon scheme and ` 0.46 crore Lowards cosL of survey for reallgnmenL of Lransmlsslon llne rouLe. Company proposes Lo hold
dlscusslon wlLh Lhe beneñclarles for recovery of Lhese cosLs.
ZZZ
Þarncu|ars
Þarncu|ars
As at 31
st

March, 2013
As at 31
st

March, 2012
As at 31
st

March, 2013
Cap|ta||sed
dur|ng the year
As at 1
st

Apr||, 2012
Add|nons Ad[ustments
Note 2.1S - Intang|b|e assets under deve|opment
Note 2.16 - Construcnon stores
(` ln Crore)
(` ln Crore)
LlecLronlc uaLa Þrocesslng Sofware - 0.70 - - 0.70
8lghL of Way- AñoresLauon Charges 93.08 324.34 (3.90) 210.03 213.29
uevelopmenL LxpendlLure - - (1.34) - 1.34
1ota| 93.08 32S.04 (7.24) 210.03 21S.33
Þrevlous ?ear 107.30 37.12 0.13 71.39 93.08
1owers 3961.79 3372.68
ConducLors 7038.36 4311.27
CLher Llne MaLerlals 2320.23 1443.24
Sub-SLauon LqulpmenLs 1736.62 3087.93
Plgh volLage ulrecL CurrenL (PvuC) LqulpmenLs 389.71 37.86
unlñed Load uespaLch & Communlcauon(uLuC) MaLerlals 48.47 38.43
1elecom MaLerlals 33.97 8.42
CLhers 262.68 114.93
13793.83 12636.78
Less: Þrovlslon for shorLages and obsoleLe maLerlal 0.01 0.01
1C1AL 1S793.82 12636.77
Construcnon Stores |nc|ude:
|) Mater|a| |n trans|t
1owers 27.31 29.03
ConducLors 31.38 -
CLher Llne MaLerlals 136.23 -
Sub-SLauon LqulpmenLs 131.16 317.86
Plgh volLage ulrecL CurrenL (PvuC) LqulpmenLs 220.73 -
1elecom MaLerlals 1.74 -
CLhers 87.63 -
1ota| 636.64 346.89
||) Mater|a| w|th Contractors
1owers 3931.64 3339.39
ConducLors 7006.78 4307.28
CLher Llne MaLerlals 2178.97 1444.13
Sub-SLauon LqulpmenLs 1600.03 2768.13
Plgh volLage ulrecL CurrenL (PvuC) LqulpmenLs 168.96 37.03
unlñed Load uespaLch & Communlcauon(uLuC) MaLerlals 10.39 -
1elecom MaLerlals 3.83 8.23
CLhers 103.91 79.34
1ota| 1S008.7S 12203.73
Grand tota| 1S64S.39 12SS0.62
Iurther Notes:
l) Þendlng reconclllauon, maLerlals amounung Lo `63.33 crore (prevlous year `43.82 crore) ln commlssloned llnes ls shown as consLrucuon
sLores lylng wlLh conLracLors.
ll) ConsLrucuon SLores lncludes ` 91.61 crore represenung Lhe value of conducLors supplled by a suppller buL found Lo be defecuve.1he
suppller has agreed Lo replace Lhe defecuve conducLors.
ZZJ
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2013
Note 2.17 - Non-current |nvestments
(` ln Crore)
LONG TERM
A.1kADL INVLS1MLN1S (A1 CCS1)
I. Lqu|ty Instruments-Iu||y Þa|d up :-
Çuoted
Þ1C lndla LlmlLed
12000006(Þrevlous year 12000006) Shares of `10/- each 12.00 12.00
[MarkeL value ` 71.94 crore [ ` 39.93 (nSL) per share(Þrevlous year ` 73.68
crore [ ` 61.40 (nSL) per share)}
II. Govt.Secur|nes ( Unquoted ):-
a) 8.S¼ tax free 8onds redeemab|e |n 20 ha|f year|y |nsta|ments w.e.f. 1.10.2006 of :
Andhra Þradesh 36.10 34.16
Arunachal Þradesh 1.04 1.37
Assam 33.36 30.34
8lhar 32.43 48.64
Cu[araL 14.01 21.01
Paryana 16.10 24.13
Plmachal Þradesh 0.37 0.83
!ammu & kashmlr 32.40 48.39
kerala 4.82 7.23
Madhya Þradesh 20.81 31.22
MaharashLra 2.69 4.04
Manlpur 6.34 9.31
Meghalaya 0.09 0.13
Mlzoram 0.01 0.01
nagaland 2.79 4.18
Þun[ab 9.39 14.08
8a[asLhan 3.27 3.27
Slkklm 2.23 3.38
1rlpura 0.18 0.27
uuar Þradesh 92.29 138.44
uuaranchal 10.23 13.38
WesL 8engal 16.10 24.13
!harkhand 22.30 33.43
339.79 338.03
b) Cther 8onds:-
13 years 8.3° !&k CovL. 8onds 2017 lnLeresL payable seml-annually redeemable
ln 20 half yearly lnsLalmenLs w.e.f 30.11.2007 8.09 10.38
13 years 8.3° !&k CovL. 8onds 2018 lnLeresL payable seml-annually redeemable
ln 20 half yearly lnsLalmenLsw.e.f 31.03.2008 10.73 13.43
18.84 23.81
1ota| (A) 390.63 S73.86
ZZ+
Þarncu|ars
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2012
As at 31
st

March, 2013
As at 31
st

March, 2013
Note 2.17 - Non-current |nvestments (contd...)
Note 2.18 - Long-term |oans and advances
(unsecured Consldered good unless oLherwlse sLaLed)
(` ln Crore)
(` ln Crore)
8. Non-trade |nvestments ( Unquoted )
300 (Þrevlous year 300) lully pald up shares of ` 10/- each ln Lmployees Co-op SocleLy
LlmlLed lLarsl (`.3000/-)
300 (Þrevlous year 300) lully pald up shares of ` 10/- each ln LmployeesCo-op SocleLy
LlmlLed nagpur (`.3000/-)
300 (Þrevlous year 300) lully pald up shares of ` 10/- each ln Lmployees Co-op SocleLy
LlmlLed !abalpur (`. 3000/-)
1ota| (8 )
GkAND 1C1AL (A+8) 390.63 S73.86

Iurther notes:
1) AggregaLe amounL of CuoLed lnvesLmenLs
8ook value 12.00 12.00
MarkeL value 71.94 73.68
AggregaLe amounL of unquoLed lnvesLmenLs
8ook value 378.63 361.86
2) lnvesLmenLs have been valued as per accounung pollcy no. 1.11(noLe no 1)
A) Advances for Cap|ta| Lxpend|ture
l) Secured 7.73 9.63
ll) unsecured
a. AgalnsL 8ank guaranLees 4783.48 4671.32
b. CLhers 368.03 447.17
lll) unsecured Consldered uoubuul 1.19 1.14
3332.70 3119.83
Less: Þrovlslon for 8ad & uoubuul Advances 1.19 1.14
3331.31 3118.69
S3S9.24 3128.32
8) Loans
l) Lmployees (lncludlng lnLeresL accrued)
Secured 111.30 124.21
unsecured 3.30 3.64
116.80 129.83
ll) Long 1erm Loan (under securlusauon Scheme) 38.36 33.99
lll) Lease 8ecelvables 447.36 293.02
602.72 478.86
C) Secur|ty Depos|ts 4.34 8.03
ZZ5
Þarncu|ars
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2012
As at 31
st

March, 2013
As at 31
st

March, 2013
Note 2.18 - Long-term |oans and advances (contd...)
Note 2.19 - Current |nvestments
(` ln Crore)
(` ln Crore)
D) Advances recoverab|e |n cash or |n k|nd or for va|ue to be rece|ved
ConLracLors & Suppllers(lncludlng maLerlal lssued on Loan) 16.94 1.26
Lmployees 3.61 13.73
CLhers 10.76 4.98
8alance wlLh CusLoms ÞorL 1rusL and oLher auLhorlues 2.42 7.33
33.73 29.32
Consldered doubuul 9.00 7.23
44.73 36.33
Less: Þrovlslon for bad and doubuul Advances 9.00 7.23
33.73 29.32
1ota| 6002.03 3644.33
uue from:
ulrecLors 0.03 0.03
Cmcers 9.60 13.33
CUkkLN1 MA1UkI1ILS CI LCNG 1LkM INVLS1MLN1S (A1 CCS1)
1kADL INVLS1MLN1S
Govt.Secur|nes ( Unquoted ):-
a) 8.S¼ tax free 8onds redeemab|e |n 20 ha|f year|y |nsta|ments w.e.f. 1.10.2006 of :
Andhra Þradesh 18.04 18.04
Arunachal Þradesh 0.32 0.32
Assam 16.78 16.78
8lhar 16.22 16.22
Cu[araL 7.00 7.00
Paryana 8.04 8.04
Plmachal Þradesh 0.28 0.28
!ammu & kashmlr 16.20 16.20
kerala 2.42 2.42
Madhya Þradesh 10.40 10.40
MaharashLra 1.34 1.34
Manlpur 3.18 3.18
Meghalaya 0.04 0.04
nagaland 1.40 1.40
Þun[ab 4.70 4.70
Slkklm 1.12 1.12
1rlpura 0.10 0.10
uuar Þradesh 46.14 46.14
uuaranchal 3.12 3.12
WesL 8engal 8.06 8.06
!harkhand 11.16 11.16
178.26 178.26
ZZë
Þarncu|ars
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2012
As at 31
st

March, 2013
As at 31
st

March, 2013
Note 2.19 - Current |nvestments (contd...)
Note 2.20 - Inventor|es
(` ln Crore)
(` ln Crore)
b) Cther 8onds:-
13 years 8.3° !&k CovL. 8onds 2017 lnLeresL payable seml-annually
redeemable w.e.f 30.11.2007 2.31 2.31
13 years 8.3° !&k CovL. 8onds 2018 lnLeresL payable seml-annually
redeemable w.e.f 31.03.2008 2.69 2.69
3.00 3.00
c) Mutua| Iunds (Unquoted)
lClCl Þrudenual lMÞ serles 34-1 year Þlan A * - 3.19
L&1 Llquld Super Þlan - 2.43
1aLa llxed MaLurlLy Þlan serles 40 Scheme A CrowLh* 12.48 10.09
8lrla Sunllfe Cash plus - 0.83
12.48 16.38
1ota| 19S.74 199.84
Grand 1ota| 19S.74 199.84
Iurther notes:
AggregaLe amounL of unquoLed lnvesLmenLs
8ook value 193.74 199.84
* under Llen for debL servlce accrual accounL
(As Laken valued and ceruñed by Lhe ManagemenL)
(lor mode of valuauon refer noLe 1.12)
Loose Lools 0.68 0.69
Consumable sLores 3.27 3.13
ComponenLsSpares & oLher spare parLs:
1owers 130.33 113.07
ConducLors 41.82 23.18
CLher Llne MaLerlals 149.14 96.29
Sub-SLauon LqulpmenLs/Spares 136.72 108.33
Plgh volLage ulrecL CurrenL LqulpmenLs/spares 60.78 37.36
unlñed Load despaLch CenLre Spares 2.26 2.33
1elecom Spares 8.06 8.02
CLher SLores 18.02 26.69
333.10 441.31
Less Þrovlslon for ShorLages 0.23 0.26
1C1AL SS2.8S 441.2S
Inventor|es |nc|udes mater|a| |n trans|t
CLher SLores - 0.01
1oLal - 0.01
ZZì
Þarncu|ars
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2012
As at 31
st

March, 2013
As at 31
st

March, 2013
Note 2.21 - 1rade rece|vab|es
Note 2.22 - Cash and 8ank ba|ances
(` ln Crore)
(` ln Crore)
l) CuLsLandlng for a perlod exceedlng slx monLhs
Consldered good 283.03 188.01
Consldered doubuul 20.63 78.06

ll) CLhers 1206.33 1341.18
1312.03 1607.23
Less: Þrovlslon for bad & doubuul Lrade recelvables 20.63 78.06
1ota| 1491.38 1S29.19
1) Cash and Cash Lqu|va|ents
8alance wlLh banks-
-ln CurrenL accounLs 1328.62 696.06
-ln Lerm deposlLs (lÞC proceeds Lo be uullsed for ldenuñed pro[ecLs) - 230.00
-ln deslgnaLed currenL accounLs (Lo be uullsed for consulLancy asslgnmenLs) 788.13 1123.96
-ln oLher Lerm deposlLs 61.43 48.86
-ln LuC uevelopmenL AccounL 62.00 27.10
uraûs/Cheques ln hand 4.39 6.14
Cash ln hand 0.04 0.03
SLamps and lmpresL 0.01 0.01
2444.64 2134.16
2) Cther 8ank ba|ances
-ln currenL accounL (unclalmed dlvldends) 8.46 8.64
-ln CurrenL AccounLs / llexl ueposlLs (CperaLed and malnLalned ln Lerms
of CL8C regulauons) 177.38 416.39
-ln 1erm ueposlLs havlng maLurlLy over 3 monLhs (lÞC proceeds Lo be uullsed
for ldenuñed pro[ecLs) - 300.00
-ln oLher 1erm ueposlLs havlng maLurlLy over 3 monLhs 48.41 31.93
1ota| 2678.89 3111.34
lurLher noLes:
8alance wlLh 8anks ln currenL accounLs and deslgnaLed currenL accounLs under cash and cash equlvalenLs above, lncludes llquld ßexl Lerm
deposlL ` 113.71 crore (prevlous year ` nll ) and ` 773.13 crore (prevlous year `1104.70 crore ) respecuvely

(unsecured Consldered good unless oLherwlse sLaLed)
ZZe
Þarncu|ars
Þarncu|ars
As at 31
st

March, 2012
As at 31
st

March, 2012
As at 31
st

March, 2013
As at 31
st

March, 2013
Note 2.23 - Short-term |oans and advances
Note 2.24 - Cther current assets
(` ln Crore)
(` ln Crore)
A) Loans
a) Lmp|oyees |nc|ud|ng |nterest accrued
l) Secured 31.34 30.73
ll) unsecured 3.10 4.08
36.44 34.81
b) Cthers
CurrenL maLurlues of Long 1erm Advances (under
securlusauon Scheme) 23.14 13.43
CurrenL MaLurlues of Lease 8ecelvables 63.44 131.44
86.38 146.87
1ota| (A) 143.02 181.68
8) Advances to re|ated parnes 20.S0 6.96
C) Advances recoverab|e |n cash or |n k|nd or for va|ue to be rece|ved
a) Lmp|oyees 21.38 24.30
b) Cthers
ConLracLors & Suppllers (lncludlng MaLerlal lssued on loan) 61.03 12.28
8alance wlLh CusLoms ÞorL 1rusL and oLher auLhorlues 13.87 11.23
Advance 1ax & 1uS 2914.09 2203.34
Less: Þrovlslon for Laxauon (noLe 2.11) 2716.74 2007.73
197.33 193.61
CLhers 173.49 92.93
447.76 312.09

1ota| (C) 469.14 336.S9
1ota|(A+8+C) 632.66 S2S.23
ulrecLors 0.02
Cmcers 3.22 11.32
lurLher noLes:
8reakup of advances Lo relaLed parues ls provlded ln noLe 2.43(b)
a) unbllled 8evenue 1783.92 1333.22
b) lnLeresL accrued buL noL due
lnLeresL accrued on lnvesLmenLs (8onds) 27.94 33.76
lnLeresL accrued on 1erm/llxed ueposlLs 24.18 42.46
c) Clalms recoverable 8.91 8.33
d) CLhers 42.73 48.14
1889.70 1489.93
1ota| 1889.70 1489.93
Iurther notes:
1) unbllled revenue ` 734.28 crore (Þrevlous year `337.34 Crore) represenL amounL for whlch Lhe company ls yeL Lo ralse bllls ln vlew of
recognluon of revenue as per CL8C 1arlñ norms appllcable for 2009-2014 and also lncludes Lransmlsslon charges for Lhe monLh of March,2013
amounung Lo `1031.64 crore (prevlous year `817.88) bllled Lo benlñclarles ln Lhe monLh of Aprll, 2013(Þrevlous year Aprll,2012).
(unsecured Consldered good unless oLherwlse sLaLed)
(unsecured Consldered good unless oLherwlse sLaLed)
ZZJ
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
Note 2.2S - kevenue from operanons
(` ln Crore)
|) 1anasm|ss|on 8us|ness
Sales of servlces
1ransmlsslon Charges 11923.83 9336.71
Add:8evenue 8ecognlsed ouL of Advance agalnsL depreclauon 48.82 32.29
Add: -ShorL 1erm Cpen Access 442.38 323.48
12417.23 9694.48
Add: SysLem & MarkeL Cperauon Charges 133.62 131.13
Cther operanng revenue
lnLeresL on dlñerenual beLween Þrovlslonal and llnal 1arlñ by CL8C 48.40 128.94
12619.27 9934.37
||) 1e|ecom |ncome
Sales of servlces
nLu 227.06 199.36
lÞ-1 10.31 9.43
lSÞ 1.36 1.21
CLhers 4.83 -
243.38 210.00
Less: Inter D|v|s|ona| 1ransfer
nLu 6.88 3.33
lÞ-1 3.16 3.16
lSÞ 0.13 0.12
12.19 8.81
231.39 201.19
|||) Consu|tancy Þro[ect Management and Superv|s|on
Sales of servlces 226.80 284.70
Sales of producLs 86.44 -
313.24 284.70
1ota| 13163.90 10440.46
Iurther notes:
1he company has recognlzed Lransmlsslon lncome durlng Lhe year as per Lhe followlng:
a) `3332.38 crore (prevlous year ` 1947.94 crore ) for whlch provlslonal Larlñ orders have been lssued by Lhe CenLral LlecLrlclLy 8egulaLory
Commlsslon ( CL8C) allowlng provlslonal bllllng aL 83-93° of Lhe Larlñ clalmed ,
b) `8260.39 crore (prevlous year ` 6633.36 crore ) for whlch ñnal Larlñ orders have been lssued by CL8C
c) ` 96.44 crore (prevlous year ` 301.94 crore) based on CL8C 1arlñ norms appllcable for Lhe Larlñ block 2009-14 for whlch Larlñ orders are
yeL Lo be lssued by CL8C.
d) 1ransmlsslon charges for Lhe currenL year lnclude ` 63.26 crore (Þrevlous year ` 463.33 crore) on accounL of deferred Lax maLerlallsed
durlng Lhe year whlch ls recoverable from benlñclarles as per CL8C 1arlñ 8egulauons 2009 nouñed by Lhe CL8C.
e) CL8C lssued Larlñ order daLed 29.04.2011 ln respecL of 8arh-8alla 1ransmlsslon llne conslderlng Lhe daLe of commerclal operauon (uCCC)
01.07.10. AgalnsL Lhls Larlñ order, one of Lhe beneñclarles ñled appeal before Lhe AppellaLe 1rlbunal for LlecLrlclLy (A1L) challenglng Lhe
Larlñ approved by CL8C based on above uCCC clalmed by Lhe company. 1he A1L vlde lLs orders daLed 2.07.12 observed LhaL Lhe uCCC
of 1.7.10 was noL correcL as Lhe appellanL had reporLed LhaL Lhe Lransmlsslon llne was acLually commlssloned ln AugusL 2011 l.e. when
lL was successfully LesL charged aL boLh ends as Lhe work whlch was ln scope of generaung Company have been compleLed ln AugusL
2011. Accordlngly, Lhe A1L remanded CL8C for redeLermlnauon of uCCC and Larlñ of Lhe 1ransmlsslon llne. A1L vlde order daLed 8.11.12
also re[ecLed Lhe revlew peuuon of Lhe company ln Lhls regard. upon Lhls, Lhe company ñled an appeal ln Lhe Supreme CourL explalnlng
LhaL Lhe uCCC of 1.7.10 was as per CL8C 8egulauons.1he Supreme CourL ln lLs order daLed 13.3.13 granLed sLay ln furLher proceedlngs
before Lhe CL8C. Þendlng declslon of Lhe Supreme CourL, and conslderlng LhaL 1.7.10 ls correcL uCCC as per CL8C 8egulauons, no
ad[usLmenL has been made ln respecL of 8evenue of ` 83.18 crore recognlsed durlng Lhe perlod 1.7.10 Lo 31.7.11.
ZJJ
Þarncu|ars
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year ended
31
st
March, 2012
For the year
ended 31
st

March, 2013
For the year ended
31
st
March, 2013
Note 2.26 - Cther |ncome
Note 2.27 - Lmp|oyee benehts expense
(` ln Crore)
(` ln Crore)
A) Income from non-current Investments
l) ulvldend
CLhers 1.80 1.81
ll) lnLeresL on CovL. securlues 39.26 74.88
8) Cther Interests
Loan Lo SLaLe CovL. ln seulemenL of dues 3.37 6.88
lndlan 8anks 260.69 380.93
lnLeresL from advances Lo conLracLors 268.13 178.90
lnLeresL on ouLsLandlng dues from uLSu 91.38 -
CLhers 9.23 8.23
696.06 631.63
C) Cthers
ÞroñL on sale of llxed AsseLs 0.31 0.10
ueferred lncome (1ransferred from CranLs-ln-ald) 23.06 27.29
ShorL 1erm Cpen Access-CLher Charges - 23.44
1ransfer from lnsurance 8eserve on A/c of Losses of llxed AsseLs 0.33 0.81
Lease lncome-SLaLe SecLor uLuC 33.66 7.89
Surcharge 73.64 67.10
Plre charges for equlpmenLs 0.28 0.08
lL8v galn 1.16 -
8ebaLe 0.27 0.30
Þrovlslons wrluen back (lncludlng for uLSu dues of ` 37.79 Crore) 39.34 40.93
Mlscellaneous lncome 36.73 67.38
946.86 888.97
Less:lncome Lransferred Lo expendlLure durlng consLrucuon-noLe 2.32 383.64 233.83
1ota| S63.22 633.12
Iurther notes:
MlnlsLry of Þower vlde order daLed 3.2.13 conveyed Lhe approval of CovernmenL of lndla for non-plan asslsLance Lo CovernmenL of nauonal
CaplLal 1errlLory of uelhl (CnC1u) Lowards seulemenL of dues of ersLwhlle uelhl LlecLrlc Supply underLaklng (uLSu) Lo four CÞSus lncludlng
Þower Crld Corporauon of lndla LLd. Accordlng Lo Lhls order paymenL of prlnclpal amounL of ` 37.79 crore and lnLeresL of ` 91.38 crore ls
Lo be made by CnC1u Lo Lhe Company. ln vlew of above Lhe Company has wrluen back provlslon of ` 37.79 crore made ln earller years and
accounLed lnLeresL of ` 91.38 crore as 'CLher lncome'.
Salarles wages allowances & beneñLs 1161.93 1100.07
ConLrlbuuon Lo provldenL and oLher funds 148.60 93.14
SLañ Welfare expenses 108.78 92.74
1419.31 1283.93
Less: 1ransferred Lo LxpendlLure durlng ConsLrucuon-noLe 2.32 444.39 364.34
1ota| 974.72 921.41
Iurther notes:
Þendlng approval of MlnlsLry of Þower and ueparLmenL of Þubllc LnLerprlses, speclal allowance up Lo 10° of 8aslc pay amounung Lo `16.73
crore for Lhe ñnanclal year 2012-13 (Cumulauve amounung Lo ` 61.43 crore upLo 31.03.2013) ls belng pald Lo employees who are posLed
ln Lhe dlmculL and far ßung areas. 1he above allowance ls above Lhe maxlmum celllng of 30° of 8aslc Þay as per uÞL omce memorandum
no. 2(70)/08-uÞL(WC)-CL-xvl/08 daLed 26-nov-2008.
ZJ1
Þarncu|ars
Þarncu|ars
For the year ended
31
st
March, 2012
For the year ended
31
st
March, 2012
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2013
Note 2.28 - I|nance costs
Note 2.29 - Deprec|anon and amornzanon expense
(` ln Crore)
(` ln Crore)
A) Interest on Loan from
lndlan 8anks, llnanclal lnsuLuuons & Corporauons 471.48 314.06
lorelgn 8anks and llnanclal lnsuLuuons 230.40 143.83
Secured/unsecured redeemable 8onds 3330.04 2697.32
CLhers 6.66 31.72
4238.S8 3189.13
8) Cther borrow|ng costs
CommlLmenL charges 18.34 3.23
CuaranLee lee 212.03 142.97
CLher ñnance charges 79.87 40.42
310.24 186.62
C) LkV as ad[ustment to 8orrow|ng Cost
L8v as ad[usLmenL Lo 8orrowlng CosL (660.42) 940.87
Less: 1ransferred Lo LxpendlLure durlng ConsLrucuon-noLe 2.32 - 246.01
(660.42) 694.86
Less: lL8v recoverable (386.30) 610.43
(73.92) 84.43
4474.90 3460.18
Less: 1ransferred Lo LxpendlLure durlng ConsLrucuon-noLe 2.32 1873.46 1474.43
1C1AL 2S99.44 198S.7S
uepreclauon/amorusauon on 1anglble AsseLs 3330.12 2631.21
Amorusauon of lnLanglble asseLs 27.44 17.77
3337.36 2668.98
Less: 1ransferred Lo LxpendlLure uurlng ConsLrucuon-noLe 2.32 11.10 9.04
3346.46 2639.94
Less:uepreclauon amorused due Lo lL8v ad[usLmenL 118.66 22.33
Charged to Statement of Þroht & Loss 3427.80 2637.39
ZJZ
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
kepa|r & Ma|ntenance
8ulldlngs 28.88 23.06
ÞlanL & Machlnery
Sub SLauon 124.32 114.26
1ransmlsslon llnes 71.83 48.17
ConsLrucuon equlpmenL - 0.14
1elecom 23.61 23.12
CLhers 31.22 29.64
233.00 213.33
SysLem and MarkeL Cperauon Charges 0.31
Þower charges 108.74 83.60
Less: 8ecovery from conLracLors 0.77 1.03
107.97 82.33
Lxpenses of ulesel Ceneraung seLs 6.23 4.30
SLores consumed 0.09 0.10
WaLer charges 1.03 0.97
8lghL of Way charges(1elecom) 3.43 4.23
ÞaLrolllng Lxpenses-1elecom 1.31 1.69
LasL Mlle connecuvlLy-1elecom 0.30 0.12
1ralnlng & 8ecrulLmenL Lxpenses 18.43 22.34
Less:lees for Lralnlng and appllcauon 0.03 1.09
18.38 21.23
Legal expenses 16.10 9.28
Þrofesslonal charges(lncludlng 1A/uA) 10.87 7.20
ConsulLancy expenses(lncludlng 1A/uA) 3.79 17.22
Communlcauon expenses 13.16 10.84
1ravelllng & Conv.exp.(excludlng forelgn Lravel) 88.60 83.61
lorelgn Lravel 7.66 6.92
96.26 90.33
1ender expenses 13.30 16.16
Less: Sale of Lenders 4.19 6.14
9.11 10.02
kemuneranon to aud|tors
SLaLuLory AudlLors
AudlL lees 0.70 0.30
1ax AudlL lees 0.13 0.13
ln CLher CapaclLy 0.69 0.33
Arrears 0.24 -
CuL of pockeL Lxpenses 0.68 0.38
2.44 1.74
AdverusemenL and publlclLy 7.02 11.01
Þrlnung and sLauonery 4.81 3.34
8ooks Þerlodlcals and !ournals 0.99 0.93
LuÞ hlre and oLher charges 3.26 3.11
LnLerLalnmenL expenses 1.67 1.62
Note 2.30 - 1ransm|ss|on, Adm|n|stranon and other expenses
(` ln Crore)
ZJJ
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
8rokerage & Commlsslon 0.20 0.32
8esearch & uevelopmenL expenses 1.08 3.16
CosL AudlL and Þhyslcal verlñcauon lees 0.43 0.28
8enL 10.68 9.93
CaplLal LxpendlLure on asseLs noL owned by Lhe Company 12.86 0.43
CL8C peuuon & CLher charges 14.24 3.43
Mlscellaneous expenses 36.43 29.40
PoruculLure Lxpenses 8.80 6.93
SecurlLy Lxpenses 70.63 61.64
Plrlng of vehlcle 74.03 37.83
lnsurance 30.23 31.13
8aLes and Laxes 10.84 7.81
Llcense lees Lo uC1 13.93 14.10
8andwldLh charges dark ñbre lease charges (1elecom) eLc 16.61 13.38
LxpendlLure on CorporaLe Soclal 8esponslblllLy (CS8) 22.80 26.97
LxpendlLure susLalnable developmenL 0.33 -
non operaung expenses 0.32 1.13
1ranslL Accomodauon Lxpenses 6.30 3.30
Less : lncome from 1ranslL Accomodauon 0.78 0.66
3.72 4.84
8ebaLe Lo CusLomers 82.89 117.00
lorelgn Lxchange 8aLe varlauon (neL of lL8v galn & amounL recoverable) 2.23
Þrov|s|ons
Þrovlslon-CLhers 2.73 2.30
2.73 2.30
1030.67 920.74
Less:1ransferred Lo LxpendlLure durlng ConsLrucuon-noLe 2.32 123.49 97.46
903.18 823.28
ueferred revenue Lxpenses wrluen oñ - 1.79
Loss on ulsposal/WrlLe oñ of llxed AsseLs 6.63 1.39
1ota| 911.83 826.46
SLores consumpuon lncluded ln repalr and malnLenance 83.46 31.77
Iurther Notes:
1he Company has allowed rebaLe agalnsL paymenL recelved Lhrough LC / cheques / 81CS for eñecung beuer and umely recovery of dues
from SLaLe Þower uullues on conslsLenL basls
Note 2.30 - 1ransm|ss|on, Adm|n|stranon and other expenses (contd...)
(` ln Crore)
ZJ+
Þarncu|ars
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
For the year
ended 31
st

March, 2013
Income
1ransmlsslon charges 31.20 (17.20)
uepreclauon wrluen back 0.13 3.30
uepreclauon amorused due Lo lL8v 1.82 -
ueferred lncome (1ransferred from CranLs-ln-ald) - 3.66
Lease lncome-SLaLe SecLor uLuC - 9.97
ConsulLancy Þro[ecL ManagemenL and Supervlslon lees - 2.97
CLhers 21.61 4.24
74.78 8.94
Lxpend|ture
8aLes and Laxes 1.20 -
uepreclauon 29.74 6.30
unspenL CS8 LxpendlLure for earller years - 13.22
lnLeresL 12.66 0.97
Lmployee 8emunerauon - 7.43
CLhers 3.32 (3.66)
49.12 22.26
Þrlor perlod expendlLure/(lncome )(neL) (23.66) 13.32
Less: 1ransferred Lo LxpendlLure durlng ConsLrucuon -noLe 2.32 0.14 0.41
1ota| (2S.80) 12.91
A. Lmp|oyees kemuneranon & 8enehts
Salarles wages allowances and beneñLs 380.60 321.41
ConLrlbuuon Lo provldenL and oLher funds 43.78 26.46
Welfare expenses 20.21 16.67
1oLal(A) 444.39 364.34
8. Cther Lxpenses
kepa|r & Ma|ntenance
8ulldlngs 2.34 1.98
CLhers 3.63 0.96
6.17 2.94
Þower charges 16.43 3.66
Less: 8ecovered from conLracLors 0.60 0.88
13.83 2.78
Lxpenses on ulesel Ceneraung seLs 1.43 0.68
WaLer charges 0.17 0.29
1ralnlng & 8ecrulLmenL Lxpenses 0.03 0.01
Legal expenses 2.03 1.77
Þrofesslonal charges 1.86 1.80
ConsulLancy expenses 2.31 17.44
Communlcauon expenses 2.89 2.20
1ravelllng & Conv.exp. (lncludlng lorelgn 1ravel) 36.47 29.33
Note 2.31 - Þr|or per|od |tems
Note 2.32 - Lxpend|ture dur|ng Construcnon (Net)
(` ln Crore)
(` ln Crore)
ZJ5
Þarncu|ars
For the year
ended 31
st

March, 2012
For the year
ended 31
st

March, 2013
1ender expenses 3.90 9.46
Less: lncome from sale of Lenders 3.88 3.87
2.02 3.39
ÞaymenL Lo AudlLors 0.08 0.09
AdverusemenL and ÞubllclLy 1.36 0.97
Þrlnung and sLauonery 0.63 0.38
LuÞ hlre and oLher charges 0.26 0.11
LnLerLalnmenL expenses 0.21 0.12
8rokerage and commlsslon 0.06 0.03
8enL 4.09 3.43
Mlscellaneous expenses 7.18 4.32
PoruculLure Lxpenses 0.34 0.48
SecurlLy Lxpenses 10.73 6.49
Plrlng of vehlcles 24.89 16.00
lnsurance 0.63 0.23
8aLes and Laxes 2.43 1.11
CuesL Pouse Lxpenses 0.91 0.44
Less:lncome from guesL house 0.04 0.03
0.87 0.41
Sub-LoLal 123.49 97.46
Þrlor Þerlod ad[usLmenL (neL) 0.14 0.41
1ota|(8) 12S.63 97.87
C. Deprec|anon]Amornsanon 11.10 9.04
D. I|nance Costs
a) lnLeresL on Loans from
lndlan 8anks,llnanclal lnsuLuuons and Corporauons 173.61 60.07
lorelgn 8anks and llnanclal lnsuLuuons 84.98 20.03
Secured/unsecured 8edeemable 8onds 1434.32 1327.87
1713.11 1407.99
b) CLher borrowlng cosLs
CommlLmenL charges 18.20 2.82
CuaranLee fee 76.88 32.32
CLher llnance Charges 67.27 31.30
162.33 66.44
c) lL8v ad[usLmenL Lo borrowlng cosL - 246.01
1ota| ( D ) 187S.46 1720.44
L. Less: Cther Income
lnLeresL from
lndlan banks 114.60 68.42
ConLracLors 264.69 178.66
CLhers 0.91 1.04
380.20 248.12
Mlscellaneous lncome 3.20 7.72
Plre charges 0.24 0.01
1ota| (L) 383.64 2SS.8S
GkAND 1C1AL (A+8+C+D-L) 2073.14 1936.04
Note 2.32 - Lxpend|ture dur|ng Construcnon (Net) (contd...)
(` ln Crore)
ZJë
2.33. 8ASIS CI CCNSCLIDA1ICN
1.1 1he consolldaLed ñnanclal sLaLemenLs relaLe Lo Þower Crld Corporauon of lndla LlmlLed (Lhe Company), lLs Subsldlarles and lnLeresL
ln !olnL venLure Companles.
a) 8asls of Accounung:
l) 1he ñnanclal sLaLemenLs of Lhe subsldlary companles and !olnL venLure Companles ln Lhe consolldauon are drawn up Lo Lhe
same reporung daLe as of Lhe Company.
ll) 1he consolldaLed ñnanclal sLaLemenLs have been prepared ln accordance wlLh Accounung SLandard (AS) 21- 'ConsolldaLed
llnanclal SLaLemenLs' and Accounung SLandard (AS) -27 'llnanclal 8eporung of lnLeresLs ln !olnL venLures of Companles
(Accounung SLandards) 8ules, 2006 and generally accepLed accounung prlnclples.
b) Þrlnclples of Consolldauon:
1he consolldaLed ñnanclal sLaLemenLs have been prepared as per Lhe followlng prlnclples:-
l) 1he ñnanclal sLaLemenLs of Lhe company and lLs subsldlarles are comblned on a llne by llne basls by addlng LogeLher Lhe book
value of llke lLems of asseLs, llablllues, lncome and expenses aûer ellmlnaung lnLra-group balances, lnLra-group Lransacuons,
unreallsed proñLs or losses.
ll) 1he consolldaLed ñnanclal sLaLemenLs lnclude Lhe lnLeresL of Lhe company ln [olnL venLures, whlch has been accounLed for
uslng proporuonaLe consolldauon meLhod of accounung and reporung whereby Lhe company's share of each asseL, llablllLy,
lncome and expense of a [olnL conLrolled enuLy ls consldered as a separaLe llne lLem aûer ellmlnaung proporuonaLe share of
unreallsed proñL ln accordance wlLh Lhe Accounung SLandard (AS-27) ' llnanclal 8eporung of lnLeresLs ln !olnL venLures'.
lll) 1he consolldaLed ñnanclal sLaLemenLs are prepared uslng unlform accounung pollcles for llke Lransacuons and oLher evenLs
ln slmllar clrcumsLances and are presenLed Lo Lhe exLenL posslble, ln Lhe same manner as Lhe company's separaLe ñnanclal
sLaLemenLs excepL as oLherwlse sLaLed ln Lhe noLes Lo Lhe accounLs.
c) ulñerence ln Accounung Þollcy and lmpacL Lhereon
lor cerLaln lLems Lhe company and lLs Subsldlarles & [olnL venLures have followed dlñerenL accounung pollcles. Powever Lhe
lmpacL of Lhe same ls noL maLerlal.
1.2 1he Subsldlarles and !olnL venLure Companles consldered ln Lhe ñnanclal sLaLemenLs are as follows:-
Name of the Company
Þropornon (¼) of share
ho|d|ng as on
Þropornon (¼) of
share ho|d|ng as on
31
st
March, 2013 31
st
March, 2012
Subs|d|ary Compan|es
1. Þower SysLem Cperauon Corporauon LlmlLed (ÞCSCCC) * 100° 100°
2. Þowergrld nM 1ransmlsslon LlmlLed 100° 100°
3. Þowergrld vemaglrl 1ransmlsslon LlmlLed 100° -
Io|nt Venture Compan|es
1. Þowerllnks 1ransmlsslon LlmlLed 49° 49°
2. 1orrenL Þower Crld LlmlLed* 26° 26°
3. !aypee Þowergrld LlmlLed 26° 26°
4. Þarbau koldam 1ransmlsslon Company LlmlLed 26° 26°
3. 1eesLavalley Þower 1ransmlsslon LlmlLed * 26° 26°
6. norLh LasL 1ransmlsslon Company LlmlLed* 26° 26°
7. nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed 20° 23°
8. Lnergy Lmclency Servlces LlmlLed 23° 23°
9. 8lhar Crld Company LlmlLed 30° -
10. kallnga vldyuL Þrasaran nlgam ÞrlvaLe LlmlLed 30° -
11.Cross 8order Þower 1ransmlsslon Company LlmlLed 26° -
OTHER NOTES
* I|nanc|a| statements used for conso||danon are unaud|ted.
ZJì
under Lhe 1ransmlsslon Servlce AgreemenL (1SA) wlLh Þowerllnks 1ransmlsslon LLd, Lhe company has an obllgauon Lo purchase Lhe !v
company (Þowerllnks 1ransmlsslon LLd) aL a buyouL prlce deLermlned ln accordance wlLh Lhe 1SA. Such an obllgauon may resulL ln case !v
company (Þowerllnks 1ransmlsslon LLd) serves a Lermlnauon nouce elLher on ºÞCWL8C8lu evenL of defaulL" or on ºforce ma[eure evenL"
prescrlbed under 1SA. no conungenL llablllLy on Lhls accounL has been consldered as Lhe same ls noL ascerLalnable.
1he above [olnL venLure companles are lncorporaLed ln lndla. 1he company's share ln asseLs, llablllues, conungenL llablllues and caplLal
commlLmenL as on 31
sL
March 2013 and lncome and expenses for Lhe year ln respecL of above [olnL venLure enuues based on Lhelr accounLs
are glven below:-
1.3 1he Company has made furLher lnvesLmenL of `2.08 crore (Þrevlous ?ear `10.92 crore) ln !aypee Þowergrld LlmlLed, a !olnL venLure
Company ln whlch 26° shares are held by ÞCWL8C8lu and balance 74° shares ls held by !alprakash Þower venLures LlmlLed.
1.4 1he Company has made furLher lnvesLmenL of `14.92 crore (Þrevlous ?ear ` 61.89 crore) ln norLh LasL 1ransmlsslon Company
LlmlLed, a !olnL venLure Company ln whlch 26° shares are held by ÞCWL8C8lu and balance shares are held by CnCC 1rlpura
Þower Company LlmlLed, Assam LlecLrlclLy Crld Corporauon LlmlLed & CovL. of 1rlpura, CovL. of Mlzoram, CovL of Meghalaya &
CovL. of Manlpur.
1.3 1he Company has made furLher lnvesLmenL of ` 3.08 crore (prevlous year ` nll) ln 1eesLavalley Þower 1ransmlsslon LlmlLed, a !olnL
venLure Company ln whlch 26° shares are held by ÞCWL8C8lu and balance 74° shares ls held by 1eesLa ur[a LlmlLed.
1.6 1he Company has made furLher lnvesLmenL of ` 19.30 crore (prevlous year ` nll) ln Þarbau koldam 1ransmlsslon Company LlmlLed,
a !olnL venLure Company ln whlch 26° shares are held by ÞCWL8C8lu and balance 74° shares ls held by 8ellance lnfrasLrucLure
LlmlLed.
1.7 1he Company has made furLher lnvesLmenL of ` 8.43 crore (prevlous year ` nll) ln nauonal Plgh Þower 1esL LaboraLory LlmlLed,
a !olnL venLure Company ln whlch 20° shares are held by ÞCWL8C8lu and balance shares held by n1ÞC LlmlLed, nPÞC LlmlLed,
uamodar valley Corporauon & CenLral Þower 8esearch lnsuLuLe equally.
1.8 1he Company has made furLher lnvesLmenL of ` 21.87 crore (prevlous year ` nll) ln Lnergy Lmclency Servlces LlmlLed, a !olnL
venLure Company ln whlch 23° shares are held by ÞCWL8C8lu and balance shares are held equally by n1ÞC LlmlLed, 8ural
LlecLrlñcauon Corporauon LlmlLed & Þower llnance Corporauon LlmlLed.
1.9 uurlng Lhe year company has made lnvesLmenL of ` 0.01 crore ln Cross 8order Þower 1ransmlsslon Company LlmlLed, a !olnL
venLure Company ln whlch 26° shares are held by ÞCWL8C8lu and balance 74° shares are held by lL&lS Lnergy uevelopmenL
Company LlmlLed, S!vn LlmlLed & nepal LlecLrlclLy AuLhorlLy.
1.10 uurlng Lhe year company has made lnvesLmenL of ` 0.02 crore ln 8lhar Crld Company LlmlLed, a !olnL venLure Company ln whlch
30° shares are held by ÞCWL8C8lu and balance 30° shares are held by 8lhar SLaLe Þower Poldlng Company LlmlLed.
1.11 uurlng Lhe year company has made lnvesLmenL of ` 0.01 crore ln kallnga 8ldyuL Þrasaran nlgam ÞrlvaLe LlmlLed, a !olnL venLure Company
ln whlch 30° shares are held by ÞCWL8C8lu and balance 30° shares are held by Cdlsha Þower 1ransmlsslon Corporauon LlmlLed.
1.12 uurlng Lhe year company has made lnvesLmenL of ` 0.03 crore ln Þowergrld vemaglrl 1ransmlsslon LlmlLed (ersLwhlle vemaglrl
1ransmlsslon SysLem LlmlLed). 1he Company was Laken over from 8LC 1ransmlsslon Þro[ecLs Company LlmlLed vlde share purchase
agreemenL daLed 18Lh Aprll, 2012 Lo carry over Lhe buslness awarded under Larlñ based blddlng. Aûer Lhe Lransfer Þowergrld
vemaglrl 1ransmlsslon LlmlLed becomes Lhe wholly owned subsldlary company of Þower Crld Corporauon of lndla LlmlLed.
As at 31
st
March, 2013 As at 31
st
March, 2012
A. Assets
- non CurrenL AsseLs
- llxed AsseLs 1337.88 1413.76
- Long Lerm loans and advances 24.13 37.30
- CurrenL AsseLs 230.09 166.14
1ota| 1832.12 1619.40
8. L|ab|||nes
- non currenL llablllues 1040.73 942.76
- CurrenL Llablllues 196.73 132.30
1ota| 1237.46 109S.26
C. ConungenL Llablllues 23.36 9.38
u. CaplLal CommlLmenLs 138.23 231.23
Current ¥ear Þrev|ous ¥ear
L. lncome 233.48 164.09
l. Lxpenses( lncludlng provlslon for Laxes) 160.33 103.67
C1nLk NC1LS (contd...)
(` ln Crore)
ZJe
2.34 Cash equlvalenL of deemed exporL beneñLs avalled of ` 209.99 crore ln respecL of supplles añecLed for LasL SouLh lnLer ConnecLor-
ll 1ransmlsslon Þro[ecL (LSl) and Sasaram 1ransmlsslon Þro[ecL (S1Þ), were pald Lo Lhe CusLoms and CenLral Lxclse AuLhorlues ln
accordance wlLh dlrecuon from MlnlsLry of Þower (CovL. of lndla) durlng 2002-03 due Lo non avallablllLy of World 8ank loan for
Lhe enure supplles ln respecL of LSl pro[ecL and for Lhe supplles prlor Lo March 2000 ln respecL of S1Þ pro[ecL and Lhe same was
caplLallsed ln Lhe books of accounLs. 1hereaûer, World 8ank had ñnanced boLh Lhe LSl pro[ecL and S1Þ pro[ecL as orlglnally envlsaged
and Lhey became ellglble for deemed exporL beneñLs. ConsequenLly, Lhe company has lodged clalms wlLh Lhe CusLoms and Lxclse
AuLhorlues.
ln Lhls regard Lhe Cumulauve amounL recelved and de-caplLallzed upLo 31sL March 2013 ls ` 12.12 crore (Þrevlous year ` 12.12
crore). 1he company conunued Lo show Lhe balance of ` 197.87 crore as aL 31sL March 2013 (Þrevlous year ` 197.87 crore) ln Lhe
caplLal cosL of Lhe respecuve asseLs / pro[ecLs pendlng recelpL of Lhe same from CusLoms and Lxclse AuLhorlues.
2.33 CuL of Lhe proceeds of lollow on Þubllc Cñer (lÞC) made ln llnanclal ?ear 2010-11, a sum of ` 730 crore (Þrevlous ?ear `1371.17
crore) has been uullsed durlng Lhe year for parL ñnanclng of caplLal expendlLure on Lhe pro[ecLs speclñed for uullzauon resulung ln
compleLe uullsauon of funds amounung Lo ` 3721.17 crore ralsed Lhrough lÞC.
2.36 a) CerLaln balances ln Loans and Advances & 1rade Þayables are sub[ecL Lo conñrmauon and consequenual ad[usLmenLs, lf any.
b) ln Lhe oplnlon of Lhe managemenL, Lhe value of any of Lhe asseLs oLher Lhan ñxed asseLs and non currenL lnvesLmenLs on
reallzauon ln Lhe ordlnary course of buslness wlll noL be less Lhan value aL whlch Lhey are sLaLed ln Lhe 8alance SheeL.
2.37 lnformauon ln respecL of cosL plus consulLancy conLracLs, conslderlng Lhe same as consulLancy buslness ln vlew of Accounung
SLandard (AS)-7 (8evlsed 2002) ºConsLrucuon ConLracLs " ls provlded as under :
2.38 1he company has been enLrusLed wlLh Lhe responslblllLy of bllllng collecuon and dlsbursemenL (8Cu) of Lhe Lransmlsslon charges on
behalf of all Lhe lS1S (lnLersLaLe Lransmlsslon SysLem) llcensees Lhrough Lhe mechanlsm of Lhe ÞCC (ÞolnL of Connecuon) charges
lnLroduced w.e.f. 01-07-2011 whlch lnvolves bllllng based on approved drawal/ln[ecuon of power ln place of old mechanlsm based on
Mega Wau allocauon of power by MlnlsLry of Þower. 8y Lhls mechanlsm, revenue of Lhe company wlll remaln unañecLed.
Some of Lhe beneñclarles aggrleved by Lhe ÞCC mechanlsm have preferred appeal before varlous Plgh CourLs of lndla and conunue
Lo make paymenL as per old sysLem of bllllng. uue Lo Lhls, an unreallzed amounL of ` 273.27 crore (prevlous year ` 141.36 crore) ls
lncluded ln 1rade 8ecelvables. All such appeals have been Lransferred Lo uelhl Plgh CourL as per order of Lhe Supreme CourL on Lhe
appeal preferred by Lhe company and company has also requesLed for dlrecung aglLaung sLaLes Lo pay full Lransmlsslon charges as
per new meLhodology pendlng seulemenL of Lhe mauer.
2.39 (l) lL8v Loss of ` 1660.02 crore lncludlng ` 671.89 crore for Þrevlous ?ear (prevlous year lL8v loss `882.14 crore) has been ad[usLed
ln Lhe respecuve carrylng amounL of llxed AsseLs/CaplLal work ln Þrogress (CWlÞ)/lease recelvables.
(ll) lL8v Caln of `1.16 crore (Þrevlous ?ear lL8v Loss `2.23 crore) has been recognlsed ln Lhe SLaLemenL of ÞroñL and Loss.
2.40 LñecL due Lo change ln accounung pollcles durlng Lhe year -
l) MlnlsLry of CorporaLe Añalrs, CovernmenL of lndla Lhrough clrcular no.23/2012 daLed 9Lh AugusL 2012 has clarlñed LhaL Þara 6 of
Accounung SLandard (AS 11) and para 4(e) of AS 16 shall noL apply Lo company whlch ls applylng para 46A of AS 11. ConsequenLly,
exchange dlñerences arlslng on seulemenL/Lranslauon of forelgn currency loans Lo Lhe exLenL regarded as an ad[usLmenL Lo
lnLeresL cosL as per para 4(e) of AS 16 and charged Lo Lhe sLaLemenL of proñL and loss have now been ad[usLed ln Lhe cosL of relaLed
caplLal asseLs. 1hls change ln accounung pollcy ls made eñecuve from 01 Aprll 2011.1hls change has resulLed ln lncrease ln ÞroñL
before Lax for Lhe year by ` 122.93 crore ( lncludlng ` 66.12 crore for l? 11-12).
ll) ln vlew of oplnlon of Lhe LxperL Advlsory Commluee of Lhe lnsuLuLe of CharLered AccounLanLs of lndla, unspenL expendlLure, ouL
of Lhe budgeL for Lhe year Lowards CorporaLe Soclal 8esponslblllLy(CS8), whlch was hlLherLo belng provlded for ln Lhe sLaLemenL
of ÞroñL & Loss ls now belng Lransferred Lo CS8 reserve by approprlaung proñL. 1he change has resulLed ln lncrease ln proñL before
Lax for Lhe year by ` 26.32 crore (lncludlng `13.26 crore wrlLe back of provlslon for earller years ).
Þarncu|ars
¥ear ended
31.03.2013
¥ear ended
31.03.2012
l) 1he amounL of revenue recognlsed on cosL plus consulLancy conLracL works 176.90 200.88
ll)
1he meLhods used Lo deLermlne Lhe conLracL revenue recognlsed ln Lhe perlod: 13° of LoLal
consulLancy fees upLo award sLage Lo execuung agencles (ouL of whlch 10° upLo lssue of nouces
lnvlung Lenders), 83° wlLh progress of work lncludlng supplles (Þrogress of work ls Laken as
ceruñed by englneer ln charge).
As Þer Þollcy As Þer Þollcy
lll) Cumulauve amounL of cosLs lncurred on consLrucuon conLracLs 11319.24 10243.19
lv) Cumulauve amounL of advance recelved from cusLomers 13231.83 12043.80
v) AmounL of reLenuon money wlLh cusLomers 96.01 -
vl) Cross amounL due from cusLomers for conLracL works as an asseL 33.32 13.38
vll) Cross amounL due Lo cusLomers for conLracL works as a llablllLy 1413.23 1413.10
C1nLk NC1LS (contd...)
(` ln Crore)
ZJJ
Descr|pnon GkA1UI1¥ PRMF ODRB

Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
CurrenL Servlce CosL 20.23 18.32 6.46 3.08 0.69 0.68
lnLeresL cosL on beneñL obllgauon 30.40 28.83 12.33 10.64 1.07 0.97
LxpecLed reLurn on plan asseLs (31.99) (28.83) - - - -
neL acLuarlal (galn)/loss recognlzed ln Lhe year 4.38 10.08 16.44 21.37 (0.43) 0.74
Lxpenses recognlzed ln Lhe SLaLemenL of ÞroñL and
Loss
23.22 28.40 33.43 37.09 1.31 2.39
lll) uurlng Lhe year one of Lhe subsldlarles have changed lLs accounung pollcy on revenue recognluon of Puman 8esource Lxp. and
Cperauon and MalnLenance Lxpenses whlch was accounLed for 'acLual expendlLure or expendlLure allowed by CL8C 8LuC wlse'
whlchever ls less upLo prevlous year. lL has now been accounLed for as 1oLal AcLual LxpendlLure lncurred or expendlLure allowed
as per CL8C order whlchever ls less, company as a whole ln Lhe currenL year. uue Lo change ln Accounung Þollcy regardlng revenue
recognluon, `29.48 crore have been recognlzed as lncome durlng Lhe year. 1he same has been reduced from 1rulng-up LlablllLy.
1hls amounL lncludes `17.33 crore relaung Lo earller years. uue Lo change ln accounung pollcy lnLeresL amounung Lo ` 3.03 crore
perLalnlng Lo earller years have also been credlLed Lo ñnance cosL.
2.41 8orrowlng cosL caplLallsed durlng Lhe year ls ` 1873.46 crore (prevlous ?ear ` 1720.44 crore) as per AS 16- º8orrowlng CosL".
2.42 Þendlng approval of Lhe Þerformance 8elaLed Þay ( Þ8Þ ) scheme for workmen, provlslon of `41.48 crore (lncludlng ` 21.87 crore for
earller years) has been made neL of paymenLs made as per old Þerformance Llnked lncenuve Scheme.
2.43 ulsclosures as per Accounung SLandard (AS) 13
ueñned employee beneñL/ conLrlbuuon schemes are as under:-
A. ÞrovldenL lund
Company pays ñxed conLrlbuuon Lo ÞrovldenL lund aL predeLermlned raLe Lo a separaLe LrusL, whlch lnvesLs Lhe funds ln permlued
securlues. ConLrlbuuon Lo famlly penslon scheme ls pald Lo Lhe approprlaLe auLhorlues. 1he conLrlbuuon Lo Lhe fund for Lhe year
amounung Lo ` 74.79 crore(prevlous year `60.88 crore) has been recognlzed as expense and ls charged Lo SLaLemenL of ÞroñL and
Loss. 1he obllgauon of Lhe company ls llmlLed Lo such ñxed conLrlbuuon and Lo ensure a mlnlmum raLe of lnLeresL on conLrlbuuons
Lo Lhe members as speclñed by CCl. As per Lhe reporL of acLuary over all lnLeresL earnlng and cumulauve surplus 'ls more' Lhan
sLaLuLory lnLeresL paymenL requlremenL. Pence, no furLher provlslon ls consldered necessary.
8. CraLulLy
1he company has a deñned beneñL graLulLy plan. Lvery employee who has rendered conunuous servlce of ñve years or more ls
enuLled Lo geL graLulLy aL 13 days salary (13/26 x lasL drawn baslc salary plus, dearness allowance) for each compleLed year of servlce
on superannuauon, reslgnauon, Lermlnauon, dlsablemenL or on deaLh sub[ecL Lo a maxlmum of ` 10 lacs. 1he scheme ls funded by
Lhe company and ls managed by a separaLe LrusL. 1he llablllLy for Lhe same ls recognlsed on Lhe basls of acLuarlal valuauon on annual
basls on Lhe 8alance SheeL daLe.
C. Þenslon
1he Company has scheme of employees deñned Þenslon ConLrlbuuon. Company conLrlbuuon ls pald Lo separaLe LrusL. AmounL of
conLrlbuuon pald/payable for Lhe year ls ` 33.21 crore (Þrevlous ?ear ` 30.36 crore) has been recognlsed as expense and ls charged
Lo SLaLemenL of ÞroñL & Loss.
u. ÞosL-8euremenL Medlcal laclllLy (Þ8Ml)
1he company has ÞosL-8euremenL Medlcal laclllLy (Þ8Ml), under whlch reured employees and Lhe spouse are provlded medlcal
faclllues ln Lhe empanelled hosplLals. 1hey can also avall LreaLmenL as CuL-ÞauenL sub[ecL Lo a celllng ñxed by Lhe company.
1he scheme ls unfunded and llablllLy for Lhe same ls recognlsed on Lhe basls of acLuarlal valuauon on annual basls on Lhe 8alance
SheeL daLe.
L. CLher ueñned 8euremenL 8eneñLs (Cu88)
1he Company has a scheme for seulemenL aL Lhe ume of superannuauon aL home Lown for employees and dependenLs Lo
superannuaLed employees. 1he scheme ls unfunded and llablllLy for Lhe same ls recognlsed on Lhe basls of acLuarlal valuauon on
annual basls on Lhe 8alance SheeL daLe.
1he summar|sed pos|non of var|ous dehned benehts recogn|zed |n the Statement of Þroht & Loss and 8a|ance Sheet and funded
status |s as under:-
a) Lxpenses recognlsed ln SLaLemenL of ÞroñL and Loss
C1nLk NC1LS (contd...)
(` ln Crore)
Z+J
b) AcLual reLurn on plan asseLs ls ` 30.23 crore (prevlous year ` 27.77 crore)
c) 1he amounL recognlzed ln Lhe 8alance SheeL
d) Changes ln Lhe presenL value of Lhe deñned beneñL obllgauons:
e) Changes ln Lhe falr value of plan asseLs:
Descr|pnon GkA1UI1¥ PRMF ODRB

Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
(l) ÞresenL value of obllgauon as aL 31/03/2013 412.88 380.01 190.32 136.91 14.23 13.44
(ll) lalr value of plan asseLs as aL 31/03/2013 407.23 376.87 - - - -
ulñerence (ll) - (l) (3.64) (3.14) (190.32) (136.91) (14.23) (13.44)
neL asseL (llablllLy) recognlzed ln Lhe 8alance SheeL (3.64) (3.14) (190.32) (136.91) (14.23) (13.44)
Descr|pnon GkA1UI1¥ PRMF ODRB

Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
ÞresenL value of obllgauon as aL 01/04/2012 380.01 339.18 136.92 123.13 13.44 11.40
lnLeresL cosL 30.40 28.83 12.33 10.64 1.07 0.97
CurrenL Servlce CosL 20.24 18.32 6.46 3.08 0.70 0.68
8eneñLs pald (21.66) (16.63) (2.06) (3.33) (0.30) (0.33)
neL acLuarlal (galn)/loss on obllgauon 3.89 10.31 16.43 21.37 (0.48) 0.74
ÞresenL value of Lhe deñned beneñL obllgauon as aL 31/03/2013 412.88 380.01 190.32 136.91 14.23 13.44
Descr|pnon GkA1UI1¥
Current ¥ear Þrev|ous ¥ear
lalr value of plan asseLs as aL 01/04/2012 376.87 339.18
LxpecLed reLurn on plan asseLs 31.99 28.83
ConLrlbuuon by employer 19.34 23.26
8eneñLs pald (21.66) (16.63)
AcLuarlal galn/(loss) 0.69 0.23
lalr value of plan asseLs as aL 31/03/2013 407.23 376.87
C1nLk NC1LS (contd...)
l. CLher Lmployee 8eneñLs
Þrovlslon for Leave encashmenL (lncludlng compensaLed absences) amounung Lo ` (-)3.83 crore (prevlous ?ear ` 60.33 crore) for Lhe
year has been made on Lhe basls of acLuarlal valuauon aL Lhe year end and same ls credlLed Lo SLaLemenL of ÞroñL and Loss.
Þrovlslon for Long Servlce Award amounung Lo ` 1.19 crore (Þrevlous ?ear ` 8.67 crore lncludlng for earller years ` 7.43 crore) have been
made on Lhe basls of acLuarlal valuauon aL Lhe year end.
(` ln Crore)
(` ln Crore)
(` ln Crore)
Z+1
k. Lxperlence Ad[usLmenLs
C1nLk NC1LS (contd...)
Þarncu|ars Increase by Decrease by
Servlce and lnLeresL CosL 2.77 (3.29)
ÞresenL value of obllgauon 17.03 (20.21)
For the year ended
31
st
March, 2013
For the year ended
31
st
March, 2012
CraLulLy
l) Þlan asseLs - Loss/(Caln)
ll) Cbllgauon- Loss/(Caln)
(0.11)
4.22
(0.72)
10.90
Þ8Ml
Cbllgauon - Loss/(Caln)
14.70 20.86
Cu88
Cbllgauon - Loss/(Caln)
(0.47) 0.79
2.44 Segment |nformanon (AS 17):
a) 8us|ness Segments
1he company's prlnclpal buslness ls Lransmlsslon of bulk power across dlñerenL SLaLes of lndla. Powever, Lelecom and consulLancy
buslness are also LreaLed as a reporLable segmenL ln accordance wlLh para 28 of AS-17 ºSegmenL 8eporung".
b) Segment kevenue and Lxpense
8evenue dlrecLly aurlbuLable Lo Lhe segmenLs ls consldered as SegmenL 8evenue. Lxpenses dlrecLly aurlbuLable Lo Lhe segmenLs and
common expenses allocaLed on a reasonable basls are consldered as segmenL expenses.
c) Segment Assets and L|ab|||nes
SegmenL asseLs lnclude all operaung asseLs comprlslng of neL ñxed asseLs, consLrucuon work-ln-progress, consLrucuon sLores,
lnvesLmenLs, loans and advances and currenL asseLs. SegmenL llablllues lnclude long Lerm and shorL Lerm borrowlngs, currenL and
non currenL llablllues and provlslons.
C. ueLalls of Lhe Þlan AsseL (CraLulLy)
1he deLalls of Lhe plan asseLs aL cosL as on 31sL March, 2013 are as follows:-
(At Þurchase Va|ue)
Current ¥ear Þrev|ous ¥ear
l) SLaLe CovernmenL Securlues 68.84 41.92
ll) CenLral CovernmenL Securlues 88.43 64.18
lll) CorporaLe 8onds/uebenLures 228.63 242.33
lv) 88l Speclal ueposlL 3.13 3.13
v) CLher AsseLs 16.20 23.09
1oLal:- 407.23 376.87
P. AcLuarlal Assumpuons
Þrlnclpal assumpuons used for acLuarlal valuauon are:
l) MeLhod used - Þro[ecLed unlL credlL ( ÞuC)
ll) ulscounL raLe - 8° (prevlous ?ear 8.3 °)
ll) LxpecLed raLe of reLurn on asseLs (CraLulLy only) - 8.30 ° (prevlous ?ear 8.30°)
lv) luLure salary lncrease- 6° (prevlous ?ear 6°)
1he esumaLe of fuLure salary lncreases, consldered ln acLuarlal valuauon, Lakes lnLo accounL (l) lnßauon, (ll) SenlorlLy (lll) Þromouon
and (lv) CLher relevanL facLors, such as supply and demand ln Lhe employmenL markeL. lurLher Lhe expecLed reLurn on plan asseLs
ls deLermlned conslderlng several appllcable facLors malnly Lhe composluon of plan asseLs, assessed rlsk of asseL managemenL
and hlsLorlcal reLurn for plan asseLs.
l. 1he Company's besL esumaLe of conLrlbuuon Lowards graLulLy for Lhe ñnanclal year 2013-14 ls ` 8.13 crore (prevlous year ` 22.46
crore)
!. 1he eñecL of Lhe percenLage polnL lncrease/decrease ln Lhe medlcal cosL of Þ8Ml wlll be as under:-
(` ln crore)
(` ln Crore)
(` ln Crore)
Z+Z
Segment kepornng
Transmission Consu|tancy 1e|ecom L|em|nanon 1ota|
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
Current
¥ear
Þrev|ous
¥ear
kevenue:
8evenue from Cperauons
(lncludlng allocable oLher
lncome)
12861.86 10176.26 318.03 292.33 231.37 201.44 13411.46 10670.03
lnLer SegmenL 8evenue (3.03) 12.19 8.81 (12.19) (3.76)
neL 8evenue from Cperauons 12861.86 10176.26 318.03 289.30 243.76 210.23 (12.19) (3.76) 13411.46 10670.03
SegmenL resulLs 7862.37 6043.07 133.23 164.30 76.03 63.28 8071.87 6272.83
unallocaLed lnLeresL and CLher
lncome
313.86 403.33
unallocaLed llnance CosLs 2612.10 1986.72
ÞroñL before 1ax 3773.63 4689.66
Þrovlslon for 1axes 1463.02 1386.67
ÞroñL aûer 1ax 4312.61 3302.99
Cther |nformanon:
SegmenL AsseLs 70036.03 34038.62 890.39 1309.63 829.37 739.02 71736.01 36087.29
unallocaLed AsseLs 41628.07 36044.96
1oLal AsseLs 113384.08 92132.23
Segment L|ab|||nes: 3800.00 4690.20 1746.13 1772.43 321.23 490.47 8067.40 6933.10
unallocaLed CLher Llablllues
(lncludlng loans)
78913.37 61393.94
1oLal llablllues 86980.97 68349.04
uepreclauon and Amorusauon 3391.77 2383.73 0.42 0.43 63.38 36.21 3433.37 2640.39
non-cash expendlLure oLher
Lhan uepreclauon
6.77 4.43 1.99 0.10 0.64 0.93 9.40 3.48
CaplLal LxpendlLure 20763.11 13886.32 0.29 0.31 161.13 80.04 20926.33 13966.87
d) 1he operauon of Lhe company malnly carrled ouL wlLhln Lhe counLry and Lherefore Lhere ls no reporLable geographlcal segmenL.
2.4S ke|ated Þarty D|sc|osures:-
a) L|st of ke|ated Þarnes:-
|) key Management Þersonne|
Sh. 8.n. nayak Chalrman and Managlng ulrecLor
Sh. l.S. !ha ulrecLor (Þro[ecLs)
Sh. 8.1. Agarwal ulrecLor (llnance)
Sh. 8avl Þ Slngh ulrecLor(Þersonnel) w.e.f. 01.04.2012
Sh. 8.Þ. Sasmal ulrecLor(Cperauons) w.e.f. 01.08.2012
||) Io|nt Ventures:-
l) Þowerllnks 1ransmlsslon LlmlLed
ll) 1orrenL Þower Crld LlmlLed
lll) !aypee Þowergrld LlmlLed
lv) Þarbau koldam 1ransmlsslon Company LlmlLed
v) 1eesLavalley Þower 1ransmlsslon LlmlLed
vl) norLh LasL 1ransmlsslon Company LlmlLed
vll) nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed
vlll) Lnergy Lmclency Servlces LlmlLed.
C1nLk NC1LS (contd...)
Note :
1. ÞroñL of 1elecom segmenL has been lncreased by Lhe amounL of lnLer segmenL revenue wlLh a correspondlng decrease ln proñL of 1ransmlsslon segmenL.
2. ln earller years, uLuCs & 8LuCs were LreaLed as separaLe buslness segmenL. ln order Lo have beuer presenLauon of segmenL resulL, same have been
merged wlLh 1ransmlsslon segmenL and accordlngly prevlous year ñgures have also been merged wlLh 1ransmlsslon segmenL.
(` ln Crore)
Z+J
lx) 8lhar Crld Company LlmlLed w.e.f . 04.01.2013
x) kallnga 8ldyuL Þrasaran nlgam ÞrlvaLe LlmlLed w.e.f. 31.12.2012
xl) Cross 8order Þower 1ransmlsslon Company LlmlLed w.e.f. 11.08.2012
b) 1ransacuons wlLh Lhe relaLed parues aL 2.43 (a) above durlng Lhe year are as follows:
C1nLk NC1LS (contd...)
Þarncu|ars Current year Þrev|ous ¥ear
1ransacuons for servlces provlded by Lhe company* 24.36 30.94
Þarbau koldam 1ransmlsslon Company LlmlLed 0.17 0.31
1orrenL Þower Crld LlmlLed 0.03 -
!aypee Þowergrld LlmlLed 0.06 2.00
norLh LasL 1ransmlsslon Company LlmlLed 22.22 43.73
nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed 1.34 2.13
Þowerllnks 1ransmlsslon LlmlLed 0.34 -
1eesLavalley Þower 1ransmlsslon LlmlLed - 0.33
AmounL recoverable 20.30 6.96
Þarbau koldam 1ransmlsslon Company LlmlLed 0.01 0.08
1orrenL Þower Crld LlmlLed 0.03 0.03
norLh LasL 1ransmlsslon Company LlmlLed 20.12 6.80
nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed 0.19 -
Lnergy Lmclency Servlces LlmlLed 0.02 0.03
8lhar Crld Company LlmlLed 0.08 -
kallnga vldyuL Þrasaran nlgam ÞrlvaLe LlmlLed 0.03 -
AmounL payable 22.99 30.04
Þarbau koldam 1ransmlsslon Company LlmlLed 0.09 0.23
!aypee Þowergrld LlmlLed 0.30 0.32
norLh LasL 1ransmlsslon Company LlmlLed 2.08 1.87
nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed 20.07 24.62
Þowerllnks 1ransmlsslon LlmlLed 0.23 2.78
lnvesLmenL made 71.92 72.81
!aypee Þowergrld LlmlLed 2.08 10.92
1eesLavalley Þower 1ransmlsslon LlmlLed 3.08 -
Þarbau koldam 1ransmlsslon Company LlmlLed 19.30 -
norLh LasL 1ransmlsslon Company LlmlLed 14.92 61.89
Lnergy Lmclency Servlces LlmlLed 21.87 -
Cross 8order Þower 1ransmlsslon Company LlmlLed 0.01 -
8lhar Crld Company LlmlLed 0.02 -
kallnga 8ldyuL Þrasaran nlgam ÞrlvaLe LlmlLed 0.01 -
nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed 8.43 -
ulvldend 8ecelved 48.16 44.72
Þowerllnks 1ransmlsslon LlmlLed 48.16 44.72
uepuLauon of Lmployees 0.89 0.66
norLh LasL 1ransmlsslon Company LlmlLed - 0.06
Lnergy Lmclency Servlces LlmlLed 0.21 0.60
nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed 0.68 -
Z++
Þarncu|ars
As at
31
st
March, 2013
As at
31
st
March, 2012
Cross value of asseLs acqulred and leased aL Lhe beglnnlng of Lhe year 993.92 994.06
Add Ad[usLmenL for gross value of asseLs acqulred prlor Lo Lhe beglnnlng of Lhe year - 1.86
kev|sed Gross va|ue of the assets at the beg|nn|ng of the year 993.92 993.92
Less CaplLal recovery provlded up Lo Lhe beglnnlng of Lhe year 382.43 390.23
Add: CaplLal recovery for asseLs acqulred prlor Lo Lhe beglnnlng of Lhe year - 78.98
kev|sed Cap|ta| recovery prov|ded up to the beg|nn|ng of the year 382.43 469.21
Cap|ta| recovery outstand|ng as on 31
st
March of |ast hnanc|a| year 413.47 326.71
Add Cross value of asseLs acqulred and leased durlng currenL ñnanclal year 68.01 -
Less CaplLal recovery for Lhe currenL year 60.44 113.24
Lease rece|vab|es 421.04 413.47
Þarncu|ars
As at
31
st
March, 2013
As at
31
st
March, 2012
Cross lnvesLmenL ln Lease 381.63 331.02
un-earned llnance lncome 160.39 117.33
ÞresenL value of Mlnlmum Lease ÞaymenL (MLÞ) 421.04 413.47
Þarncu|ars Gross Investment |n Lease Þresent Va|ue of MLÞs
As at
31
st
March, 2013
As at
31
st
March, 2012
As at
31
st
March, 2013
As at
31
st
March, 2012
noL laLer Lhan one year 93.23 90.67 60.74 39.33
LaLer Lhan one year and noL laLer Lhan ñve years 336.22 341.90 233.38 266.40
LaLer Lhan ñve years 130.18 98.43 106.72 87.32
1oLal 381.63 331.02 421.04 413.47
C1nLk NC1LS (contd...)
*1hls does noL lnclude Lransacuons wlLh respecL Lo an agreemenL wlLh Þowerllnks 1ransmlsslon LLd. under whlch Lransmlsslon charges for
Lransmlsslon llne assoclaLed wlLh 1ala hydro elecLrlc power pro[ecL are ralsed by Þowerllnks 1ransmlsslon LLd. Lo Lhe company whlch pay Lhe
same and collecL from Lhe respecuve beneñclarles.
c) 8emunerauon Lo whole ume dlrecLors lncludlng chalrman and managlng dlrecLor ls ` 2.47 crore (prevlous year ` 2.10 crore) and amounL
of dues ouLsLandlng Lo Lhe company as on 31sL March, 2013 are ` 0.07 crore (prevlous year ` 0.03 crore).
2.46 D|sc|osures regard|ng |eases
a) llnance Leases :-
Long 1erm Loans and Advances and ShorL 1erm Loans and Advances lnclude lease recelvables represenung Lhe presenL value of fuLure
lease renLals recelvable on Lhe ñnance lease Lransacuons enLered lnLo by Lhe company wlLh Lhe consuLuenLs ln respecL of SLaLe SecLor
uLuC, as per Lhe Accounung SLandard (AS) - 19 ºLeases" nouñed under Lhe Companles AcL, 1936.
1he reconclllauon of Lhe lease recelvables (as per pro[ecL cosL daLa submlued Lo / approved by Lhe CL8C for Larlñ ñxauon) ls as under:
b) Cperaung leases:-
1he company's slgnlñcanL leaslng arrangemenLs are ln respecL of operaung leases of premlses for resldenual use of employees,
omces and guesL houses/LranslL camps are usually renewable on muLually agreed Lerms buL are noL non-cancellable. Lmployees'
remunerauon and beneñLs lnclude ` 37.46 crore (prevlous ?ear ` 37.10 crore) Lowards lease paymenLs, neL of recoverles, ln respecL
of premlses for resldenual use of employees. Lease paymenLs of ` 10.68 crore (prevlous ?ear ` 8.14 crore) ln respecL of premlses
for omces and guesL house/LranslL camps are shown under Lhe head 8enL ln noLe 2.30 1ransmlsslon, AdmlnlsLrauon and CLher
expenses.
Cross lnvesLmenL ln lease and presenL value of mlnlmum lease paymenLs recelvables as aL 31sL March, 2013 for each of Lhe perlods
are as under:
1he value of conLracLual maLurlLy of such leases as per AS-19 are as under :
1he unearned ñnance lncome as on 31sL March, 2013 ls ` 160.39 crore (prevlous year ` 117.33 crore).
(` ln Crore)
(` ln Crore)
(` ln Crore)
Z+5
Current ¥ear Þrev|ous ¥ear
neL ÞroñL aûer Lax used as numeraLor (` ln crore) 4312.61 3302.99
WelghLed average number of equlLy shares used a denomlnaLor 4629723333 4629723333
Larnlng per share (8aslc & ulluLed) (ln ` ) 9.32 7.14
lace value per share ln ` 10.00 10.00
C1nLk NC1LS (contd...)
2.48 ln accordance wlLh Accounung SLandard (AS-28) ºlmpalrmenL of AsseLs", lmpalrmenL analysls of asseLs of Lransmlsslon acuvlLy &
Lelecom acuvlLy of Lhe company by evaluauon of lLs cash generaung unlLs, was carrled ouL by an ouLslde agency ln Lhe year 2004-03 &
2006-07 respecuvely and slnce recoverable amounL was more Lhan Lhe carrylng amounL Lhereof, no lmpalrmenL loss was recognlsed.
1he company has assessed as on Lhe balance sheeL daLe wheLher Lhere are any lndlcauons wlLh regard Lo lmpalrmenL of any of
Lhe asseLs. 8ased on such assessmenL lL has been ascerLalned LhaL no poLenual loss ls presenL and Lherefore no formal esumaLe of
recoverable amounL has been made. Accordlngly, no lmpalrmenL loss has been provlded ln Lhe accounLs.
2.49 CaplLal and CLher CommlLmenLs
LsumaLed amounL of conLracLs remalnlng Lo be execuLed on caplLal accounL and noL provlded for ls ` 43699.18 crore (prevlous year
` 42037.94 crore).
2.30 ConungenL Llablllues
1. Clalms agalnsL Lhe Company noL acknowledged as debLs ln respecL of :
(l) CaplLal Works
Some of Lhe conLracLors for supply and lnsLallauon of equlpmenLs and execuuon of works aL our pro[ecLs have lodged clalms on Lhe
company for ` 172.60 crore (prevlous year ` 73.13 crore) seeklng enhancemenL of Lhe conLracL prlce, revlslon of work schedule wlLh
prlce escalauon, compensauon for Lhe exLended perlod of work, ldle charges eLc. 1hese clalms are belng conLesLed by Lhe Company
as belng noL admlsslble ln Lerms of Lhe provlslons of Lhe respecuve conLracLs.
1he company ls pursulng varlous opuons under Lhe dlspuLe resoluuon mechanlsm avallable ln Lhe conLracL for seulemenL of Lhese clalms.
lL ls noL pracucable Lo make a reallsuc esumaLe of Lhe ouulow of resources, lf any, for seulemenL of such clalms pendlng resoluuon.
(ll) Land Compensauon cases
ln respecL of land acqulred for Lhe pro[ecLs, Lhe land losers have clalmed hlgher compensauon before varlous auLhorlues/courLs whlch
are yeL Lo be seuled. ln such cases, conungenL llablllLy of ` 2322.64 crore (prevlous year ` 1763.09 crore) has been esumaLed.
(lll) CLher clalms
ln respecL of clalms made by varlous SLaLe/CenLral CovernmenL ueparLmenLs/AuLhorlues Lowards bulldlng permlsslon fees, penalLy
on dlverslon of agrlculLure land Lo non-agrlculLure use, nala Lax, waLer royalLy eLc. and by oLhers, conungenL llablllLy of ` 2.73 crore
(prevlous year `11.72 crore ) has been esumaLed.
(lv)ulspuLed lncome 1ax/Sales 1ax/Lxclse/Munlclpal 1ax Mauers
ulspuLed lncome 1ax/Sales 1ax/Lxclse/Munlclpal 1ax Mauers amounung Lo ` 294.86 crore (prevlous year ` 237.86 crore) are pendlng
before varlous AppellaLe AuLhorlues and conLesLed before varlous AppellaLe AuLhorlues. Many of Lhese mauers are dlsposed oñ ln
favour of Lhe company buL are dlspuLed before hlgher auLhorlues by Lhe concerned deparLmenLs.
(v) CLhers
a) CLher conungenL llablllues amounLs Lo ` 118.34 crore (prevlous year ` 92.76 crore)
b) Some of Lhe beneñclarles have ñled appeals agalnsL Lhe Larlñ orders of Lhe CL8C. 1he amounL of conungenL llablllLy ln Lhls regard
ls noL ascerLalnable.
2. Speclal purpose vehlcle(SÞv) company namely Þowergrld nM 1ransmlsslon Company LLd. (wholly owned subsldlary) (ersLwhlle
nagapamnam Maduglrl 1ransmlsslon Company LLd.) and Þowergrld vemaglrl 1ransmlsslon Company LLd. (wholly owned subsldlary)
(ersLwhlle vemaglrl 1ransmlsslon SysLem LlmlLed) has been Laken over Lo carry over Lhe buslness awarded under 1arlñ based blddlng.
8ank guaranLee of ` 43.00 crore (prevlous year ` 43.00 crore) and ` 36.00 crore (prevlous year nll)respecuvely has been glven by Lhe
company on behalf of SÞv Lowards performance of Lhe work awarded.
2.31 a) llgures have been rounded oñ Lo nearesL rupees ln crore up Lo Lwo declmal.
b) Þrevlous year ñgures have been regrouped / rearranged wherever consldered necessary.
2.47 1he elemenLs consldered ln calculauon of Larnlng Þer Share (8aslc and ulluLed) are as under:
Ior and on beha|f of the 8oard of D|rectors
(D|vya 1andon) (k.1. Agarwa|) ( k. N. Nayak)
Company secreLary ulrecLor (llnance) Chalrman & Managlng ulrecLor
As per our report of even date
Ior S.k. Mehta & Co. Ior Chauer[ee & Co. Ior Sagar & Assoc|ates
CharLered AccounLanLs CharLered AccounLanLs CharLered AccounLanLs
llrm 8egn no. 000478 n llrm 8egn no. 302114 L llrm 8egn no. 003310 S
(CA. Iyon 8agga) (CA. k.N. 8asu) (CA. 8. Sr|n|vasa kao)
ÞarLner ÞarLner ÞarLner
Membershlp no. 087002 Membershlp no. 030430 Membershlp no. 202332
Þlace: Curgaon
uaLe: 28
Lh
May, 2013
Z+ë
Aud|tors keport on Conso||dated I|nanc|a| Statement
1o the 8oard of D|rectors of Þower Gr|d Corporanon of Ind|a L|m|ted
We have audlLed Lhe accompanylng consolldaLed ñnanclal sLaLemenLs of Þower Crld Corporauon of lndla LlmlLed (ºLhe Company") and
lLs Lhree subsldlarles and eleven !olnL venLures (Collecuvely referred Lo as Þower Crld Corporauon of lndla Croup) whlch comprlse Lhe
consolldaLed 8alance SheeL as aL 31sL March, 2013, and Lhe consolldaLed SLaLemenL of ÞroñL and Loss and Lhe consolldaLed Cash llow
SLaLemenL for Lhe year Lhen ended, and a summary of slgnlñcanL accounung pollcles and oLher explanaLory lnformauon.
Management's kespons|b|||ty for the Conso||dated I|nanc|a| Statements
ManagemenL ls responslble for Lhe preparauon of Lhese consolldaLed ñnanclal sLaLemenLs LhaL glve a Lrue and falr vlew of Lhe
consolldaLed ñnanclal posluon, consolldaLed ñnanclal performance and consolldaLed cash ßows of Lhe Company ln accordance wlLh
accounung prlnclples generally accepLed ln lndla. 1hls responslblllLy lncludes Lhe deslgn, lmplemenLauon and malnLenance of lnLernal
conLrol relevanL Lo Lhe preparauon and presenLauon of Lhe consolldaLed ñnanclal sLaLemenLs LhaL glve a Lrue and falr vlew and are free
from maLerlal mlssLaLemenL, wheLher due Lo fraud or error.
Aud|tors' kespons|b|||ty
Cur responslblllLy ls Lo express an oplnlon on Lhese consolldaLed ñnanclal sLaLemenLs based on our audlL. We conducLed our audlL ln
accordance wlLh Lhe SLandards on Audlung lssued by Lhe lnsuLuLe of CharLered AccounLanLs of lndla. 1hose SLandards requlre LhaL we
comply wlLh eLhlcal requlremenLs and plan and perform Lhe audlL Lo obLaln reasonable assurance abouL wheLher Lhe consolldaLed
ñnanclal sLaLemenLs are free from maLerlal mlssLaLemenL.
An audlL lnvolves performlng procedures Lo obLaln audlL evldence abouL Lhe amounLs and dlsclosures ln Lhe consolldaLed ñnanclal
sLaLemenLs. 1he procedures selecLed depend on Lhe audlLors' [udgemenL, lncludlng Lhe assessmenL of Lhe rlsks of maLerlal mlssLaLemenL
of Lhe consolldaLed ñnanclal sLaLemenLs, wheLher due Lo fraud or error. ln maklng Lhose rlsk assessmenLs, Lhe audlLors conslder lnLernal
conLrol relevanL Lo Lhe Company's preparauon and presenLauon of Lhe consolldaLed ñnanclal sLaLemenLs LhaL glve a Lrue and falr vlew
ln order Lo deslgn audlL procedures LhaL are approprlaLe ln Lhe clrcumsLances. An audlL also lncludes evaluaung Lhe approprlaLeness of
accounung pollcles used and Lhe reasonableness of Lhe accounung esumaLes made by managemenL, as well as evaluaung Lhe overall
presenLauon of Lhe consolldaLed ñnanclal sLaLemenLs.
We belleve LhaL Lhe audlL evldence we have obLalned ls sumclenL and approprlaLe Lo provlde a basls for our audlL oplnlon.
Opinion
ln our oplnlon and Lo Lhe besL of our lnformauon and accordlng Lo Lhe explanauons glven Lo us read wlLh Lhe commenLs as sLaLed ln
paragraph ºCLher Mauers" below, Lhe consolldaLed ñnanclal sLaLemenLs glve a Lrue and falr vlew ln conformlLy wlLh Lhe accounung
prlnclples generally accepLed ln lndla:
(a) ln Lhe case of Lhe consolldaLed 8alance SheeL, of Lhe sLaLe of añalrs of Lhe Þower Crld Corporauon of lndla LlmlLed Croup as aL March
31, 2013,
(b) ln Lhe case of Lhe consolldaLed SLaLemenL of ÞroñL and Loss, of Lhe proñL for Lhe year ended on LhaL daLe, and
(c) ln Lhe case of Lhe consolldaLed Cash llow SLaLemenL, of Lhe cash ßows for Lhe year ended on LhaL daLe.
Lmphas|s of Mauers
We draw auenuon Lo:
noLe 2.23(a) & 2.23(c) of Lhe ñnanclal sLaLemenLs, ln respecL of Lhe provlslonal recognluon of revenue from Lransmlsslon charges.
Cur oplnlon ls noL quallñed ln respecL of Lhese mauers.
Cther Mauer
1 l) We dld noL audlL Lhe ñnanclal sLaLemenLs of Subsldlarles and !olnL venLures.
ll) 1he ñnanclal sLaLemenL of followlng Subsldlarles and !olnL venLures have been audlLed by Lhe oLher audlLors, whose reporLs have
been furnlshed Lo us by Lhe managemenL and our oplnlon ls based solely on Lhe reporLs of oLher audlLors. 1he deLalls of Lhe asseLs,
LoLal revenue and neL cash ßow ln respecL of Lhese Subsldlarles and !olnL venLures Lo Lhe exLenL Lo whlch Lhey are reßecLed ln Lhe
ConsolldaLed llnanclal SLaLemenLs are glven below:
Name of the Compan|es
1ota|
Assets
1ota|
kevenues
Net Cash
I|ows
Subsldlarles
Þowergrld nM 1ransmlsslon LlmlLed 20.60 - -
Þowergrld vemaglrl 1ransmlsslon LlmlLed 19.26 - -
!olnL venLures
Þowerllnks 1ransmlsslon LlmlLed 636.41 127.34 13.19
!aypee Þowergrld LlmlLed 273.37 33.62 (0.03)
(` ln Crore)
Z+ì
Aud|tors keport on Conso||dated I|nanc|a| Statement (contd...)
lll) 1he ñnanclal sLaLemenLs of Lhe followlng Subsldlary and !olnL venLures are unaudlLed and our oplnlon so far lL relaLes Lo Lhe
amounLs lncluded ln respecL of sald Subsldlary and !olnL venLures are based solely on Lhe ñnanclal sLaLemenLs ceruñed by Lhe
managemenL of Lhe respecuve enuues. 1he deLalls of Lhe asseLs, LoLal revenue and neL cash ßow ln respecL of Lhese Subsldlary
and !olnL venLure enuues Lo Lhe exLenL Lo whlch Lhey are reßecLed ln Lhe ConsolldaLed llnanclal SLaLemenLs are glven below:
Þarbau koldam 1ransmlsslon Company LlmlLed 138.64 0.06 (2.06)
nauonal Plgh Þower 1esL LaboraLory ÞrlvaLe LlmlLed 13.38 - 2.02
Lnergy Lmclency Servlces LlmlLed 29.38 3.64 (4.33)
8lhar Crld Company LlmlLed 0.07 - 0.03
kallnga vldyuL Þrasaran nlgam ÞrlvaLe LlmlLed 0.03 - 0.01
Cross 8order Þower 1ransmlsslon Company LlmlLed 3.48 - 1.20
1ota| 11S6.82 184.66 12.01
Name of the Compan|es 1ota| Assets
1ota|
kevenues
Net Cash
I|ows
Subsldlary
Þower SysLem Cperauon Corporauon LlmlLed (ÞCSCCC) 1173.47 244.07 214.22
!olnL venLures
1orrenL Þower Crld LlmlLed 84.76 13.01 (0.33)
1eesLavalley Þower 1ransmlsslon LlmlLed 123.37 - 3.68
norLh LasL 1ransmlsslon Company LlmlLed 314.73 33.72 14.31
1ota| 1898.S3 292.80 232.08
Ior S. k. MLn1A & CC. Ior CnA11LkILL & CC. Ior SAGAk & ASSCCIA1LS
CharLered AccounLanLs CharLered AccounLanLs CharLered AccounLanLs
llrm 8eglsLrauon no.000478n llrm 8eglsLrauon no. 302114L llrm 8eglsLrauon no. 003310S
(CA Iyon 8agga) (CA k.N.8asu) (CA 8.Sr|n|vasa kao)
ÞarLner ÞarLner ÞarLner
Membershlp no.087002 Membershlp no.030430 Membershlp no.202332
Þlace of SlgnaLure: Curgaon
uaLed: 28
Lh
May, 2013
(` ln Crore)
Z+e
NOTES