Operator:Thank you all and welcome to the <strong>Q2</strong> <strong>FY</strong><strong>10</strong> post result conference call for <strong>NTPC</strong> hostedby Religare Capital Markets Limited.At this time, all the participants are in a listen-only mood. There will be a presentationfollowed by a question and answer session at which time if you wish to ask a questionplease press *1 on your telephone. Please be advised this conference is being recordedtoday.I would like to hand the conference over to Mr. Kunal Seth, Power Analyst at Religare.Over to you sir.Mr. Kunal Seth:Thank you.I would like to welcome you all for the <strong>Q2</strong> <strong>FY</strong><strong>10</strong> earnings call for <strong>NTPC</strong>.From the <strong>NTPC</strong> management we have Mr. A. K. Singhal (Director – Finance),Mr. Chandan Roy (Director – Operation) and Mr. I. J. Kapoor (Director – Commercial).Now I would like to ask Mr. Singhal to give his opening comments post which we canopen the floor for a Q&A session. Over to you sir.Mr. A. K. Singhal:Thank you Mr. Kunal.A very good afternoon to everybody. As told by Kunal I am A. K. Singhal (Director –Finance, <strong>NTPC</strong>). I have with me Mr. I. J. Kapoor (Director – Commercial).Mr. Chandan Roy (Director – Operation) is not available at the moment as he had to go toMinistry of Power urgently.2
Today the company has announced the unaudited financial results for the second quarteras well as for half year ended on September 30, <strong>2009</strong>. The performance of the companyfor the quarter as well as half year has been promising. I would take you through theperformance of second quarter and half year.So far as the operational performance is concerned, we have a total commercial installedcapacity of 28,350 MW as on 30 th September, <strong>2009</strong> as against 27,850 MW as on 30 thSeptember, 2008. A 500 MW unit was commissioned at Kahalgaon, on 28 th June, <strong>2009</strong>.We have commercial capacity of 27,912 MWs in comparison to 26,912 MW as on 30 thSeptember, 2008.Gross generation is up for <strong>Q2</strong> of current fiscal by 3.348 billion units as compared tocorresponding quarter of last fiscal, registering a growth of 7.12%. For H1, it has shownan increase of 8.53%. Similarly, commercial generation has also shown an increase inboth <strong>Q2</strong> and H1 of current fiscal as compared to corresponding period by 7.35% and9.09% respectively. The increase is mainly on account of higher generation from gasstation due to improved gas supplies, synchronization of 500 MW of Kahalgaon unit on28 th June, <strong>2009</strong>, better performance by existing stations, additional commercial capacityon account of 500 MW of Sipat stage II declared commercial with effect from 1 stJanuary, <strong>2009</strong>, and one unit of 500 MW of Kahalgaon Stage II declared commercial witheffect from December 30, 2008, also 500 MW each at Sipat II declared commercial witheffect from June 20, 2008, and Kahalgaon II declared commercial with effect fromAugust 01, 2008 has contributed to generation for entire half year of current fiscal ascompared to a part of previous half year.The total generation and energy sent out data is as follows:So far as gross generation is concerned for the quarter ended September <strong>2009</strong>, it was50.381 billion units in comparison to 47.034 billion units in the corresponding quarter ofthe previous year. Similarly, commercial generation was 50.306 billion units incomparison to 46.862 billion units. Energy sent out was 47.086 billion units against43.816 billion units in the corresponding period registering an increase of 7.46%.Similarly for the half year, gross generation was <strong>10</strong>5.859 billion units as against 97.535billion units and commercial generation was <strong>10</strong>5.780 billion units as against 96.964billion units. Energy sent out was 99.226 billion units as against 90.790 billion units,registering an increase of 9.29%.3