Report of Indian Institute of Public Administration ... - Ministry of Power

Particulars
State Reports (Vol.-III)
Study on `Impact of Restructuring of SEBs’
Financial Performance of OPGC
1997
-98
1998
-99
1999
-2000
5.40
2000
-01
2001
-02
2002
-03
(Rs in Million)
I Revenue from sale of
power
3,253 3,767 4,057 4,154 4,010 3,866 4,515 4,100
Non-operational/other
income
52 43 247 411 170 250 218 131
Total revenue 3,05 3,810 4,304 4,565 4,180 4,116 4,733 4,231
Raw materials
consumption
784 950 1,153 1,307 1,253 11,551 1,196 1,449
Production expenses 95 107 159 154 149` 146 92 163
Power and electricity
duty
28 34 23 40 84 59 66 72
Rebate to GRIDCO 0 35 41 78 40 0 0 0
Salaries and wages 54 64 77 109 136 111 124 142
Administrative and
general expenses
45 42 45 78 59 73 67 122
Net prior period
credit/charges
(17.3) 111 (5) 84 30 1 14 (11)
Less: expenses
capitalised
(98) 7 (2) (4) (1) 0 0 0
II Total cash operating
expenditure
890 1,351 1,490 1,846 1,750 1,545 1,559 1,937
III Surplus cash operating
expenditure (EBITDA)
(I-II)
2,415 2,459 2,814 2,719 2,430 2,571 3,174 2,294
IV Depreciation 404 812 829 846 848 837 832 587
V Interest and financial
charges
965 986 857 631 485 412 369 231
VI Less: Interest and
finance charges
capitalised
0 0 0 (2) (1) 0 0 0
VII Taxation 0 0 0 0 116 101 155 113
VIII Profit/(loss) after tax 1,046 661 1,128 1,244 983 1,221 1,817 1,362
Dividend 338 0 1,471 735 1,471 1,716 1,471 1,128
2003
-04
Total proceeds of disinvestment of 51% of equity shares of the four DISCOMs.
Name of the
Company
Name of the
preferred
purchaser
51% Equity
offered for sale
(Rs in lakhs)
Amount
offered.
(Rs in lakhs
WESCO + NESCO BSES 5,842.56 8,819.94
SOUTHCO BSES 1,920.66 2,880.99
2004
-05
Offered price
per 10/- Face
value share in
Rs
15.10
15.00
TOTAL 11,471.94 15,900.93 13.86