DOCSLIB.ORG

Bharat Petroleum Corporation Ltd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Bharat Petroleum Corporation Ltd Bharat Petroleum Corporation Ltd. Investor Presentation February 2016 Disclaimer No information contained herein has been verified for truthfulness completeness, accuracy, reliability or otherwise whatsoever by anyone. While the Company will use reasonable efforts to provide reliable information through this presentation, no representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted by the Company or its directors or employees, with respect to the truthfulness, completeness, accuracy or reliability or otherwise whatsoever of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation. Neither the Company nor anyone else accepts any liability whatsoever for any loss, howsoever, arising from use or reliance on this presentation or its contents or otherwise arising in connection therewith. This presentation may not be used, reproduced, copied, published, distributed, shared, transmitted or disseminated in any manner. This presentation is for information purposes only and does not constitute an offer, invitation, solicitation or advertisement in any jurisdiction with respect to the purchase or sale of any security of BPCL and no part or all of it shall form the basis of or be relied upon in connection with any contract, investment decision or commitment whatsoever. The information in this presentation is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition. 2 Table of Contents 1. Corporate Overview 4 2 Business Overview 9 3. Industry Overview 23 3 1. Corporate Overview Credit Highlights 4 Introduction • India’s 3rd largest company by turnover over INR 2,379 bn in FY15 MMT and INR 1,449 bn in 9MFY16 9MFY16 26.8 • India’s 2nd largest Oil Marketing Company (OMC) with domestic FY15 34.5 sales volume of over 34.45 MMT in FY15 and 26.75 MMT in FY14 9MFY16 34.0 FY 13 33.3 − Domestic market share of 21% during 9MFY16 Market Sales Market FY 12 31.1 • Majority Govt. of India shareholding of 54.93% and explicit Govt. support through under-recovery compensation mechanism • # 242 ranking on Fortune 2014 global list; ranks 3rd among the only MMT eight Indian companies on the list • Well positioned to meet market demand across India through Strategically located Refineries and Marketing Infrastructure 30.5 30.5 30.5 30.5 30.5 • India’s only OMC with a successful foray into upstream business (1). BPCL through its subsidiary BPRL has Participating Interests in 17 blocks across 6 countries Refining Capacity FY12 FY13 FY14 FY15 9MFY16 − Estimated recoverable reserves of about 50-70+ TCF till date in Rovuma basin (Mozambique) INR bn 644.95 − Estimated resources of 200+ MMBOE(2) till date in Wahoo 586.3 basin (Brazil) 332.8 • Ratings at par with the Sovereign 253.16 273.11 − Baa3 (Outlook Positive) by Moody’s / BBB- (Outlook Stable) by Fitch (1) Also reflected in consistently improving market capitalization (2) Wood Mackenzie, Company reports Capitalization^ Market FY12 FY13 FY14 FY15 9MFY16 MMBOE - Million barrels of oil equivalent TCF- Trillion cubic feet of gas Source: National Stock Exchange ^ Market capitalization figures as on period end FY means Financial year ending 31st March India’s Leading Oil and Gas Company with presence across the Hydrocarbon Value Chain 5 Important Milestones Kochi Refinery capacity enhanced to 9.5 BPCL entered the LNG market GoI acquired Burmah Shell MMTPA by signing a gas sales MR capacity enhanced to Refineries. Name changed to purchase agreement with 12 MMTPA. BPCL in 1977 Petronet LNG BPCL & Videocon JV acquired 50% stake in CCR unit at Brazil's EnCana Brasil Mumbai Petroleo Refinery BPCL and GAIL commissione formed a JV, IGL, for d in March 2015 distribution of Natural 2014 Gas in entire capital region 2014 2012 - Commissioned Energy Efficient CDU IV with 2011 replacement of CDU I & II at Mumbai Refinery - Commissioned Kota 2009 Jobner Pipeline and 2008 Terminal 2007 2006 2003 2002 1976 1998 2012: Started operations at its Refrigerated Bina refinery by launching Commissioning of LPG storage its crude distillation unit 6 MMTPA and handling grassroot Bina Entered into facility at Refinery upstream business Euro III / IV products JNPT & Uran Restructured business into First in the Indian and formed Bharat launched at Mumbai and LPG plant corporate centre, Strategic Oil Industry to roll Petro Resources Kochi Refinery commissioned Business Units (SBU) and out ERP Solution Limited (BPRL) Shared Entities. 6 Major Subsidiaries/ JVs BHARAT PETROLEUM CORPORATION LIMITED Subsidiaries Joint Ventures Bharat PetroResources Ltd. Refining Bharat Oman Refineries Limited 50.00% 100% Indraprastha Gas Limited 22.50% Central UP Gas Limited 25.00% City Gas Distribution Numaligarh Refinery Ltd. Maharashtra Natural Gas Limited 22.50% Sabarmati Gas Limited 25.00% Petronet LNG Limited 12.50% 61.65% LNG Trading Acitivities Matrix Bharat Pte .Ltd. 50.00% Petronet CCK Limited. Bharat Stars Services Pvt. Ltd. 50.00% Delhi Aviation Fuel Facility Pvt. Ltd. 37.00% Aviation Services 68.97% Kannur International Airport Ltd 21.68% Mumbai Aviaiton Fuel Farm Private Limited 25.00% GSPL India Gasnet Ltd 11.00% BPC-KIAL Fuel Farm Facility Pipelines GSPL India Transco Ltd 11.00% Limited – 74.00% Kochi Salem Pipeline Private Limited 50.00% 7 Key Business Verticals Industrial / RefineryAviation Retail Upstream Gas Lubricants LPG Aviation Commercial 23.2% market 25.7% market Refining 27.3% market PI in 17 oil & Currently 54 Currently share* share* 21.1% market capacity of share* gas blocks major LNG 7,000 Currently Currently share* in ATF 30.5MMTPA 13,178 retail 7 blocks in customers customers 16,000 4,392 13% of the outlets India and 10 35 Aviation customers distributors country’s 114 depots and overseas service More than 50 LPG stations refining 13 installations 1000+ grades of (1) bottling plants capacity products Strategically Pan India Global Emerging Reliable, Major OEM Various Present at all located presence spread into Markets innovative tie ups such Innovative the major refineries across pure play and caring as Tata offerings gateways & products Exploration supplier of Motors, with ventures airports for I&C products Honda, in allied into plane Genuine Oil, business services TVS etc Four Pioneer in Only Indian One JV in Pioneer in IT Product Current Only OMC to refineries in branded OMC to have LNG and 4 integration customization customer implement Mumbai, retail outlets, made city gas and Supply base of 49 “Apron Fuel Kochi, branded significant distribution Chain mn incl. retail Management Numaligarh fuels ex: discoveries JV’s Management and bulk System” and Bina Speed (1) Source : Ministry of Petroleum and Natural Gas * Market share includes sale by PSU as well as private oil marketing companies. All figures as of 31st December 2015 8 2. Business Overview Credit Highlights 9 BPRL’s Upstream Story over the years……. 2015 2014 2013 2012 2011 22 discoveries 2010 20 discoveries (cum) 2009 Schedule B (cum) & Lead Appraisal Wells Joint operator 2008 Reserve operator Shale gas entry certification 2007 Australia Indonesia entry 2006 Brazil & Mozambique NELP VI acquisition 2003 Formation (5 blocks) of BPRL Formation of E&P setup in BPCL 10 Upstream Global Spread ` Mozambique Brazil Fields Recoverable resources Concession Well Net Pay Prosperidade BM-C -30 Wahoo - 1 65m Golfinho Atum Barra and Barra1 34+18 m & 12m Farfan and Farfan 1 40m & 44m Tubarao 75+ Tcf of Natural Gas BM-SEAL-11 Cumbe (multiple pay Tubarao Tigre 38 m zone) Orca Successful discoveries in Upstream to help BPCL achieve higher level of Vertical Integration 11 Global Upstream Footprint Within India Brazil Exploration Block Operator BPRL Stake Partners NELP - IV Exploration Block Operator BPRL Stake* Other Partners CY-ONN-2002/2 ONGC 40.0% BM-SEAL-11 NELP- VI Petrobras 20.0% Videocon (3 blocks) CY-ONN-2004/2 ONGC 20.0% BM-C-30 NELP - VII Anadarko 12.5% Videocon, BP, Maersk (1 block) RJ-ONN-2005/1 HOEC, BPRL 33.33% IMC BM-POT-16 Petrobras 10.0% Videocon, Petrogal, BP NELP - IX (2 blocks) CB-ONN-2010/11 GAIL, BPRL 25.0% EIL, BIFL, MIEL * BPCL’s effective stake held through 50:50 JV with Videocon AA-ONN-2010/3 OIL 20.0% ONGC CB-ONN-2010/8 BPRL,GAIL 25.0% EIL, BIFL, MIEL Mozambique MB-OSN-2010/2 OIL 20.0% HPCL Exploration Block Operator BPCL Stake* Partners Mozambique Rovuma PTTEP, Mitsui & Co., ENH, Anadarko 10.0% Basin OVL-OIL Australia & East Timor Indonesia Exploration Block Operator BPRL Stake Partners Exploration Block Operator BPCL Stake* Partners GSPC, Videocon, Japan Energy, Pan Nunukan PSC, JPDA 06-103 Oilex 20.0% Partamina 12.5% Videocon Industries Pacific Petroleum Tarakan Basin ARC EP-413 27.8% ARC Energy Energy Partnership with established Oil & Gas operators expected to generate optimal returns for BPCL 12 Refining Coverage Installed Capacity Refining Throughput Refining Capacity 29.24* 30.00 28.55 * 28.69* 2.86 2.73 3.10 Mumbai – 240 kbpd 25.00 2.48 2.61 2.78 22.08* 20.00 2.33 1.85 13.10 13.03 12.96 15.00 Kochi – 190 kbpd 9.92 10.00 5.00 10.11 10.32 10.40 7.98 BORL – 120 kbpd - FY 13 FY14 FY15 9MFY16 Kochi Mumbai Numaligarh Bina MMT Numaligarh – 60 kbpd . Capacity Utilization consistently above global peers for KR and MR . State of the art refinery at Bina - High Nelson Complexity Index of 9.1 * Bina Refinery throughput is considered proportionately because it’s a 50:50 JV Four Strategically located Refinery Utilization rates 935-km cross country pipeline to refineries across India significantly above global peers source crude to BORL 13 Bina Refinery .
Load more

Recommended publications
  • Gas Pipeline Network to Delhi
    Indraprastha Gas Limited Corporate Presentation January 2005 CNG for Clean & Green Environment Agenda • Overview of Indian Oil & Gas sector • Overview of Gas sector • CNG and PNG business in India • Indraprastha Gas • Critical Success Factors • Opportunity • Growth Strategy • Financial Overview • Risks CNG for Clean & Green Environment Overview of Indian Oil & Gas sector CNG for Clean & Green Environment Structure of the sector • Aggregate consumption of petroleum products107 MMTPA, Gas demand is 120 mmscmd, supply of 80 mmscmd. • Sector dominated by Public Sector Undertakings: ONGC, IOCL, GAIL, HPCL & BPCL. • Reliance Industries (RIL) a formidable private sector player. • Cairn Energy, British Gas, NIKO, Hardy, UNACOL & SHELL have domestic presence & plan to increase investments. • Government walks on a tight rope while maintaining balance between economics & politics in the sector. • Present Government Committed to sectoral reforms. CNG for Clean & Green Environment Gas sector Demand Supply Scenario* • Demand (120 mmscmd) outstrips the supply (80 mmscmd) mmscmd FY04 Demand 120 Supply 80 Gap 40 • ONGC and OIL combined produce 90% of gas. Natural Gas User Profile* Spong Othe rs • Gas from APM fields subsidized to the Iron 13% extent of 50% of the price, Non-APM 4% gas sold at market rate. Pow er 42% Shrinkage 9% Fertilizer 32% *Source: Industry CNG for Clean & Green Environment Sector in phase of “Market Development” characterized by: • Strong Volume growth •Gradual buildup in competition. CNG for Clean & Green Environment Gas availability
    [Show full text]
  • India Capital Markets Experience
    Dorsey’s Indian Capital Markets Capabilities March 2020 OVERVIEW Dorsey’s capital markets team has the practical wisdom and depth of experience necessary to help you succeed, even in the most challenging markets. Founded in 1912, Dorsey is an international firm with over 600 lawyers in 19 offices worldwide. Our involvement in Asia began in 1995. We now cover Asia from our offices in Hong Kong, Shanghai and Beijing. We collaborate across practice areas and across our international and U.S. offices to assemble the best team for our clients. Dorsey offers a full service capital markets practice in key domestic and international financial centers. Companies turn to Dorsey for all types of equity offerings, including IPOs, secondary offerings (including QIPs and OFSs) and debt offerings, including investment grade, high-yield and MTN programs. Our capital markets clients globally range from emerging companies, Fortune 500 seasoned issuers, and venture capital and private equity sponsors to the underwriting and advisory teams of investment banks. India has emerged as one of Dorsey’s most important international practice areas and we view India as a significant market for our clients, both in and outside of India. Dorsey has become a key player in the Indian market, working with major global and local investment banks and Indian companies on a range of international securities offerings. Dorsey is recognized for having a market-leading India capital markets practice, as well as ample international M&A and capital markets experience in the United States, Asia and Europe. Dorsey’s experience in Indian capital markets is deep and spans more than 15 years.
    [Show full text]
  • Bharat Petroleum Corporation Limited
    BHARAT PETROLEUM CORPORATION LIMITED MAK Lubricants Head Quarters BPCL Marketing Office, 6th Floor, “C” Block, Priyadarshini Building, SION-Trombay Road, Eastern Express Highway, SION, Mumbai – 400 022 Invitation for Registration as “Toll Blenders & Repacker” In the Bangladesh Market for MAK Lubricants branded Automotive & Industrial Application based Lubricating Oils & Greases Invitation for Registration as “Toll Blenders & Repackers” in Bangladesh for MAK Lubricants branded Automotive & Industrial Applications based Lubricating Oils & Greases 1. Bharat Petroleum Corporation Limited (BPCL) is a vertically integrated Energy Company (PSU), having Fortune 500 Maharatna Status and recently awarded STAR PSU status by GOI is engaged in Refining of Crude Oils , Manufacturing and Marketing of diverse range of Hydrocarbon based Petroleum Products through various stocking points, Depots, Installations, LPG Bottling Plants, Lube Oil Blending Plants, Lube Depot etc; across the domestic markets. BPCL has strong presence with PAN India based storage locations, distribution and having robust marketing network with over 15000 plus Fuel Stations, 4500 plus LPG distributors and 750 plus authorized lubricants distributors. BPCL has an annual turnover of more than INR 2.5 trillion. 2. BPCL is 4th largest in India in terms of volumes and its brand “MAK Lubricants” is a flagship and one of the fastest growing brands of lubricants for numerous automotive and industrial application based lubricating oils and is being extensively marketed across the length and breadth of the country i.e. in the domestic markets. It is more than a 15 years now, since the MAK Lubricants branded products are marketed in various international markets in SAARC Countries in Asia and many markets like Gulf Cooperation Countries (GCC) & East African nations like Burundi, Rwanda & Congo through merchant exports.
    [Show full text]
  • Factsheetmarch11
    March 2011 EQUITY OUTLOOK The Indian benchmark indices ended FII Equity Flows: Turn Buyers for First Time in 2011 March on a positive note after being 7,000 Cash (US$m) 6,373 6,000 Futures (US$m) 5,580 down ~13% between January and 5,000 3,777 4,159 February 2011. The benchmark gained 4,000 3,000 2,405 Gaurav Kapur 2,220 1,556 2,100 1,740 SENIOR MANAGER - EQUITY about 5.6% during March 2011, 2,000 1,358 1,299 1,000 406 329 making it the second best performing 231 0 -1,000 -529 -363 market in the world for the month. The CNX midcap index also was -737 -993 -826 -2,000 -1,016 -1,257 -1,989 -1,387 up 5.8% over the same period. FIIs were net buyers of ~US$1.5 bn -3,000 -4,000 -3,417 during March, however, they are still net sellers worth around 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 - - - - - - - - - - - - r l t r b n y v c n g p a c u p e a a o e US$650 mn year-to-date. u u e J J M F O A J N D A S M Source: Morgan Stanley Research Asia was the best performing Emerging Markets region in March, rising by 7.1%, while Emerging Markets Ex Asia (+4.7%), despite underperforming, remained resilient in the face of the ongoing political turmoil in the neighboring Middle East North Africa (MENA) region and the rumbling sovereign debt crisis in Europe.
    [Show full text]
  • India: Inventory of Estimated Budgetary Support and Tax Expenditures for Fossil-Fuels
    INDIA: INVENTORY OF ESTIMATED BUDGETARY SUPPORT AND TAX EXPENDITURES FOR FOSSIL-FUELS Energy resources and market structure India is one of the fastest growing energy markets in the world. The country is the world’s third largest coal producer owing to its large deposits. Coal is the leading primary fuel in India’s energy mix, accounting for 44% of the country’s total primary energy supply (TPES), with thermal power plants making up the majority of coal consumption. Biomass accounts for 25% of total energy use, followed by oil and natural gas, which account respectively for 22% and 7% of the country’s energy needs. Remaining energy sources, such as nuclear power and hydro-electricity, account for about 1% each. The country’s proven reserves of oil were 5.5 billion barrels as of December 2012; nonetheless, domestic production falls far short of domestic demand and the country depends heavily on imported crude oil. The state-owned coal company, Coal India Limited (CIL), retains a near monopoly of coal extraction, with over 90% of domestic coal extraction attributed to government-controlled mines. Most coal mining occurs in the states of Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, and West Bengal. Market reforms are being implemented to bring competition and transparency to the coal sector. The government has been grappling to get an effective regulatory framework in place, which includes the loosening of regulations for the coal industry, with the objective of moving some grades of coal closer to international market prices, and allocating additional coal blocks through a transparent open bidding process.
    [Show full text]
  • Government of India Ministry of Micro, Small and Medium Enterprises
    GOVERNMENT OF INDIA MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES LOK SABHA UNSTARRED QUESTION NO. 4232 TO BE ANSWERED ON 07.01.2019 PUBLIC PROCUREMENT POLICY 4232. SHRI ADHALRAO PATIL SHIVAJIRAO: SHRI SHRIRANG APPA BARNE: SHRI KUNWAR PUSHPENDRA SINGH CHANDEL: DR. SHRIKANT EKNATH SHINDE: SHRI ANANDRAO ADSUL: SHRI VINAYAK BHAURAO RAUT: Will the Minister of MICRO, SMALL AND MEDIUM ENTERPRISES be pleased to state: (a) the details of the total annual procurement of goods and services by each Public Sector Enterprise (PSE) in the year 2014-15, 2015-16, 2016-17 and 2017-18; (b) the quantity of calculated value of goods and services procured under Public Procurement Policy Order, 2012 during the said period in each PSE; (c) the status of procurement under this policy from MSMEs owned by SC/ST and non-SC/STs during the said period by each PSE; (d) whether the public procurement policy is not being complied with by many Government departments/PSEs; and (e) if so, the details thereof and the reasons therefor along with corrective steps taken/being taken by the Government in this regard? ANSWER MINISTER OF STATE (INDEPENDENT CHARGE) FOR MICRO, SMALL AND MEDIUM ENTERPRISES (SHRI GIRIRAJ SINGH) (a) to (e): The details of annual procurement of goods & services by the Central Public Sector Enterprise (CPSE) as per information provided by Department of Public Enterprises (DPE) are as under: Year No. of Total Procurement Procurement from MSEs CPSEs Procurement From MSEs owned by SC/ST (Rs. in Crore) (Rs. in Crore) Entrepreneur (Rs. in Crore) 2014-15 133 131766.86 15300.57 59.37 2015-16 132 279167.15 12566.15 50.11 2016-17 142 245785.31 25329.44 400.87 2017-18 169 280785.49 24226.51 442.52 Ministry of MSME has taken several measures for effective implementation of the Public Procurement Policy.
    [Show full text]
  • Petronet LNG Limited Regd
    Petronet LNG Limited Regd. Office: World Trade Centre. Dabar Road. Barakhamba Lane. New Delhi - I 1000 I PETRONET Phone: 0 11-234 11 4 11. Fax: 011- 23472550. CIN: L74899DLl998PLC093073 Email: [email protected], Company's website: www.petronetlng.com LIMITED CS/PLL/Listing/20 l 9 16'" May, 20 19 The Manager The Manager The Bombay Stock Exchange Ltd National Stock Exchange of India Ltd Phiroze Jeejee bhoy Towers Exchange Plaza, Sandra Kurla Complex Dalal Street, Mumbai - 400 00 I Bandra East, Mumbai - 400 051 Sub: Intimation pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 regarding: 1. Material Related Party Transaction (P1·oposed) in relation to transfer of various commercial agreement from Bharat Petroleum Corporation Limited (BPCL) to Bharat Gas Resources Limited (BGRL) 2. Proposed Amendments in Memorandum of Association (MoA) and Articles of Association (AoA) of the Company Dear Sir, Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we w ish to inform that the Board of Directors in their meeting he ld on I 5th May, 2019 at the registered office of the Company at World Trade Centre, Babar Road, Barakhamba Lane, New Delhi - I I 000 I had inter-alia, recommended the following for the approval of the Shareholders: I. In terms of the provisions of Section 188 of the Companies Act, 20 13 read with rules made thereunder, SEBI (LODR) Regulations, 2015 and pursuant to communication of BPCL in respect of transfer its Gas Business Division on a going concern basis to Bharat Gas Resources Limited, a wholly owned subsidiary of BPCL, by way of slump sale, material Re lated Party Transaction (proposed) which are on arm's length basis and not in the ordinary course of business in relation to transfer of various commerc ial agreements entered by the company with Bharat Petroleum Corporation Limited (BPCL) for supply of goods or service a long w ith rights and obligations in this regard to Bharat Gas Resources Limited (BGRL).
    [Show full text]
  • Expression of Interest (Eoi) for Acquisition of Operational Solar Power Plants / Assets
    GAIL (INDIA) LIMITED EXPRESSION OF INTEREST (EOI) FOR ACQUISITION OF OPERATIONAL SOLAR POWER PLANTS / ASSETS EOI DOCUMENT NO.: GAIL/ND/BD/SOLAR/EOI/2021 DATED 12.07.2021 EXPRESSION OF INTEREST (EOI) FOR ACQUISITION OF OPERATIONAL SOLAR POWER PLANTS / ASSETS EOI DOCUMENT NO. GAIL/ND/BD/SOLAR/EOI/2021 INVITATION FOR EXPRESSION OF INTEREST (EOI) FOR ACQUISITION OF OPERATIONAL SOLAR POWER PLANTS / ASSETS 1. INTRODUCTION GAIL (India) Limited (“GAIL”) is India’s leading Natural Gas Company with presence along entire natural gas value chain comprising of Exploration & Production, LNG imports, Gas Transmission & Marketing, Gas Processing, Petrochemicals, LPG transmission and City Gas Distribution. GAIL is listed on the National Stock Exchange of India, the Bombay Stock Exchange and the London Stock Exchange (in the form of GDRs) with the market capitalization of around Rs. 66,000 crores as on 30th June 2021. For additional information on GAIL, please visit http://www.gailonline.com 2. BRIEF ABOUT EOI 2.1. In line with its mission of providing clean energy & beyond and considering transformations taking place in the energy sector, GAIL is exploring opportunities in the renewable energy sector with a target of acquiring solar power plants / assets of around 1000 MW (AC) capacity. In this backdrop, GAIL invites EOI from Promoters / Independent Power Producers / Developers who are willing to offer 100% and / or 50% equity stake in their operational solar power plants / assets located in solar park(s), hereinafter referred to as ‘Interested Party(ies)’. 2.2. Basic details of this EOI are: EOI download EOI may be downloaded from any of the Websites as below: (i) www.gailonline.com (ii) GAIL’s Tender Website – www.gailtenders.in (iii) Govt.
    [Show full text]
  • Shaping the Future of Energy
    Shaping the Future of Energy GREEN. SMART. AFFORDABLE 20th Annual Report 2018- 19 CONTENTS 02 82 Chairman’s Message Balance Sheet 04 83 Vision Financial Highlights Statement of Profit and Loss India’s leading clean energy solution provider through 05 84 Board of Directors Statement of Changes in Equity customer centricity, innovative technology and diversification, 06 85 with international presence. Directors’ Report Cash Flow Statement 46 87 Report on Corporate Governance Summary of Significant Accounting Policies and other Explanatory 59 Information Management Discussion and Analysis 128 Comments of C&AG – Supplementary 62 Mission Audit Business Responsibility Report Committed to provide 72 129 safe, reliable and clean Independent Auditor’s Report Consolidated Financial Statements energy solutions to improve quality of life and enhance stakeholders’ value. Forward looking statement Some information in this report may contain forward-looking statements. We have based these forward looking statements on our current beliefs, expectations and intentions as to facts, actions and events that will or may occur in the future. Such statements generally are identified by forwardlooking words such as “believe,” “plan,” “anticipate,” “continue,” “estimate,” “expect,” “may,” “will” or other similar words. A forward-looking statement may include a statement of the assumptions or basis underlying the forward-looking statement. We have chosen these assumptions or basis in good faith, and we believe that they are reasonable in all material respects. However, we caution you that forward looking statements and assumed facts or bases almost always vary from actual results, and the differences between the results implied by the forwardlooking statements and assumed facts or bases and actual To view the report online log on to results can be material, depending on the circumstances.
    [Show full text]
  • Sustainability Report 2007-08 11 ?TERI Corporate Environmental Excellence Award for 2007 and 2008 to Numaligarh Refinery for Consecutive Years
    Products and Services* Brands and Description Remarks Services 323 In & Out stores with aggregate retailing space of In & Out Stores Customer convenience stores at Retail Outlets 187,631 sq. ft. Sales grew by 41% to Rs. 1092 million. Quick Service ROs with tie-up swith food chains like McDonalds, Pizza Total turnover of Rs. 249 Retail Outlets Hut, Nirulas etc million, a growth of 40%. Rural marketing Spot LPG refueling to reach out to village customers vehicles Convenience of purchasing recharge cards of the cellular E-Charge company and denomination of his choice at any point of time Customer LPG consumers’ forum for giving feedback and obtaining The CRCs are in each district Relations Centre clarification Identification Card, which allows purchase of fuel at airports and ad hoc locations with convenience This card Carnet Card gives the private operator the convenience of a nationwide accepted card, which is accepted at many non-BPCL locations as well. Supply of LPG through pipeline network from a Reticulated LPG centralized cylinder bank or bulk installation to the system customer's kitchen 10 Awards and Recognition Mr. Ashok Sinha, C&MD, receiving the Asian CSR Award from the hands of Dr. Noelen Heyzer, Under Secretary General of UN and Executive Secretary of ESCAP. ?Golden Peacock Environment Management Gold Award 2008 to Mumbai Refinery by World Environment Foundation, UK, under the large manufacturing category ?Safety Innovation Award 2007 to Kochi Refinery by the Institution of Engineers (India) ?Gold Award in Petroleum refinery
    [Show full text]
  • India CCS Scoping Study: Final Report
    January 2013 Project Code 2011BE02 India CCS Scoping Study: Final Report Prepared for The Global CCS Institute © The Energy and Resources Institute 2013 Suggested format for citation T E R I. 2013 India CCS Scoping Study:Final Report New Delhi: The Energy and Resources Institute. 42pp. [Project Report No. 2011BE02] For more information Project Monitoring Cell T E R I Tel. 2468 2100 or 2468 2111 Darbari Seth Block E-mail [email protected] IHC Complex, Lodhi Road Fax 2468 2144 or 2468 2145 New Delhi – 110 003 Web www.teriin.org India India +91 • Delhi (0)11 ii Table of Contents 1. INTRODUCTION ..................................................................................................................... 1 2. COUNTRY BACKGROUND ...................................................................................................... 1 3. CO2 SOURCES ......................................................................................................................... 7 4. CURRENT CCS ACTIVITY IN INDIA ..................................................................................... 15 5. ECONOMIC ANALYSIS .......................................................................................................... 19 6. POLICY & LEGISLATION REVIEW ......................................................................................... 26 7. CAPACITY ASSESSMENT ...................................................................................................... 27 8. BARRIERS TO CCS IMPLEMENTATION IN INDIA ...............................................................
    [Show full text]
  • Press Release Indraprastha Gas Limited
    Press Release Indraprastha Gas Limited September 07, 2020 Ratings Instrument Amount (Rs. crore) Rating1 Rating Action CARE AAA; Stable Long Term Bank Facilities 600 Assigned (Triple A; Outlook : Stable) 600 Total (Rs. Six Hundred Crore Only) Long term Instruments- CARE AAA; Stable 400 Reaffirmed Bonds (Proposed) (Triple A; Outlook : Stable) Details of instruments/facilities in Annexure-1 Detailed Rationale & Key Rating Drivers The reaffirmation in the ratings assigned to the long term facilities of Indraprastha Gas Limited (IGL) takes into account the company’s strong financial risk profile marked by healthy profitability margins, strong solvency and liquidity position. The ratings continue to reflect the company’s legacy of being the pioneer in city gas distribution (CGD) in the National Capital Region of Delhi (Delhi-NCR), enjoying an exclusive position in the business, besides the strong parentage of GAIL and Bharat Petroleum Corporation Limited (BPCL) as majority shareholders. The ratings also factor in the favourable demand outlook and growth prospects for the compressed natural gas (CNG) and piped natural gas (PNG) in the geography. The company has witnessed growth in both the segments and enjoys monopoly with regards to the network exclusivity under PNGRB Act, 2006. The ratings, however, remain exposed to the regulatory risks in the sector and IGL’s aggressive expansion plans in coming years with respect to authorizations of new geographical areas (GAs) under the 9th and 10th bidding rounds. Furthermore, the company has an exposure to project execution risks with a large contingent liability, primarily in the form of performance bank guarantee for meeting the Minimum Work Programme (MWP).
    [Show full text]