DPSC/ INDIA Assignment 1 - Corporate Finance

POWER Submitted to:

CORPORATION Monika Kalani
LTD.
Submitted by:

Janhavi Arya 12103036

Ashna Peethambaran 12103224
Nishant Chaudhary 12103087
 Introduction

 India Power Corporation Limited, (formerly known as the DPSC Ltd) founded in 1919, is one of the country's
largest power utilities.

 It is a comprehensive electricity company with a presence across India, headquartered in Kolkata, West Bengal.
Company says that they improve lives at IPCL by supporting and contributing to renewable energy sources,
ensuring that every living creature on the world breaths clean air and lives in a carbon-free environment.

 Company believes in staying up to date on the latest digital technology in the power sector, which can assist
improve power grid efficiency and resiliency while reducing human intervention.
 NEWS Regarding DPSC/ India Power Corporation Ltd. :

India Power Corporation disinvest 50% stake in Uniper Power Services:

 With effect from January 6, 2017, India Power Corporation has sold its 50% ownership position in India
Uniper Power Services, a fully owned subsidiary, to Uniper Kfraftwerke Gmbh (Uniper), a German energy
corporation, for Rs 2.50 lakh .
 The Asansol-Durgapur and Gaya-Bodh Gaya regions are served by India Power Corporation, formerly
known as DPSC.
 DPSC Q2 net up 5% at Rs3.13 cr:

 Due to greater sales, power provider DPSC Ltd (previously Dishergarh Power Supply Company Ltd) recorded
a 5% increase in net profit at Rs 3.13 crore for the quarter ended September 30.
 DPSC jumped as much as 20% to a high of Rs 2,309.90 on the National Stock Exchange in response to the
positive results and the issuance of bonus shares.
 The company's net profit climbed by 5% to Rs 3.13 crore in the second quarter of this fiscal year, compared to
Rs 2.99 crore the previous year.
 India Power net profit up 50 percent at Rs 3 cr in fourth quarter:

 India Power Corporation Ltd (India Power) has revealed a 50 percent ascend in independent net benefit to ₹3
crore for the quarter finishing March 31, 2021. Net benefit in the year-prior period remained at ₹2 crore.

India Power clocks ₹27 crore profit in FY21:

 India Power Corporation Ltd said its benefit after charge (PAT) hopped 60% to ₹26.66 crore in the monetary
year finished March 31, 2021.
India Power Corporation Limited Reports Earnings Results for the First Quarter Ended June 30,
2021:
 
 For the first quarter, the DPSC Ltd. Company has announced the total revenue was INR 1,342.826 million
compared to INR 958.057 million a year ago.
 
 The Net income was INR 29.808 million compared to INR 22.261 million a year ago. The Basic earnings per
share from continuing operations was INR 0.02 compared to INR 0.01 a year ago.

 
The competition commission of India has given its approval for the amulgamation of India Power
corporation Ltd. (IPSC) into DPSC Ltd.
 The competition commission of India has given its approval for amulgamation of India Power Corporation ltd into
DPSC ltd.
 IPCL holds 93% share in DPSC.

Srei-Led Conglomerate leads for majority stake in DPSC:

 DPSC is a JV of Andrew Yule & Company and Kolkata based Descon. The total consideration for the acquisition is
expected to amount to Rs 171.85 crore
 DPSC standalone March 2020 net sales at Rs 128.09 crore up to 8.59% :

 The companies net sales are at Rs 128.09 crore in Time period of March 2020 up to 8.59% from Rs 117/96 crore
in March 2019.

 The quarterly net profit of DPSC ltd is at Rs 2.15 crore in March 2020 falls down 74.46% from Rs 8.40 crore in
March 2019.

 EBITDA stands at Rs 24.80 crore in March 2020 up to 20.33% from Rs 20.61 crore in March 2019.
 DPSC’S SUBSIDIARY JOINS HANDS WITH PUNJ LLOYD INFRASTRUCTURE
TO DEVELOP SOLAR ASSETS FEBRUARY 23, 2017

 India Power Green Utility which is the wholly owned subsidiary of DPSC Ltd. agreed with PL Sunrays Ltd.,
& PL Solar Renewable Ltd. which are the wholly owned subsidiaries of Punj Lloyd Infrastructure, to develop
a 20MW Solar Project together (10MW each).

STOCKS-
 India Power Corporation Ltd opened with the share price Rs 43.65 and has touched a high of Rs 43.65 and
low of Rs 41.7 whereas 12320(NSE+BSE) shares were traded on the counter.
 The current market cap of the company is Rs 4221.38 crore. The BSE group '' stock of face value Rs 1 has
touched a 52-week high of Rs 48.6 on 16-Jan-2017 and a 52-week low of Rs 14.5 on 23-Mar-2016. Rs 43.85
is the highest of scrip stood for last one week and Rs 40.25 is the lowest. Institutions stood at 0.13%, Non-
Institutions stood at 31.56% whereas The promoter holdings stood at 68.31%.
 IPCL ON LOOKOUT FOR ACQUISITION OPPORTUNITY IN RENEWABLES -

 India Power Corporation (IPCL) has established a fully owned subsidiary to acquire or set up
green Renewable Energy projects.
 A rise of 32% has been registered by the company in the profit after the tax to Rs 31.9 crore in the
financial year 2015-16 with the rise in revenue by 5.5%. Gross revenue of the company during the
period was Rs 586 crore.
 Nearest Future goal of the Company:

 Coordinated force service organization India Power Corporation Ltd (IPCL) anticipates that close should 80% of its
ability to come from sustainable power (RE) by 2023. Almost 50% of its associated heap of around 200 MW right
now comes from RE.