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Engineered for The Engineered for the Adani Power Limited Annual Report 2015-16 India needs more power to accelerate its GDP growth momentum. In 2006, Adani Power Limited responded to this national priority with efficiency and agility by extending into the business of power generation. In less than a decade, the Company has emerged as the country’s largest private sector thermal power producer (capacity 10,440MW). Adani Power Limited 20th Annual Report 2015-16 Representing almost 6% of India’s thermal power generation capacity. Commissioned at an annual average of 1.1GW, making the company India’s fastest growing thermal power enterprise. Demonstrating that when it comes to servicing core national needs, Adani Power is prepared with foresight, scale and speed. Picture of a dynamic company, 2015-16 64.6 25,433 Electricity units sold Consolidated total (in billion) income (` crore) 27% 29% growth over 2014-15 growth over 2014-15 8,755 34 EBIDTA (` crore) EBIDTA margin (%) 44% 369 bps growth over 2014-15 growth over 2014-15 Adani Power Limited 20th Annual Report 2015-16 488 1.64 Consolidated net Earnings per share profit (` crore) (`) 160% 158% growth over 2014-15 (net growth over 2014-15 loss of `816 crore) Adani Power consolidated its 22.13 0.98 position as India’s largest private Book value per Return on assets (%) sector thermal power producer share (`) with total generation capacity of 10440 MW across four 11% (1.80%) thermal plants commissioned growth over 2014-15 for 2014-15 around efficient super-critical technology. At Adani Power Limited, we have emerged as India's largest private sector thermal power enterprise in less than a decade. Among only few such instances of aggressive asset creation and implementation in the world. It would now have been easy to sit on our laurels; on the contrary, we are driven by a 20x20 vision of achieving 20,000 MW of thermal power capacity by 2020. Encapsulating our ambition in four words. Engineered for the future! Adani Power is a part of the USD 10 billion Adani Group. One of India’s fastest growing industrial conglomerates. Investing extensively in resources, logistics and energy. With the objective to engineer India into the future. One vision, one brand The Adani Group has formulated its 2020 vision: To be the globally-admired leader in integrated infrastructure businesses with a deep commitment to nation-building. We shall be known for the scale of our ambition, speed of execution and quality of operation. Our values Our culture with commitment in the billion. Founded in 1988, Courage: We shall embrace P – Passion: Performance pursuit of our aims the Group has rapidly new ideas and businesses. with enthusiasm and E – Entrepreneurship: transformed into a global energy integrated infrastructure Trust: We shall believe in Seizing new opportunities player across key verticals: our employees and other R – Results: Consistently with initiative and stakeholders. achieving goals ownership • Resources I – Integration: Working • Logistics Commitment: We shall across functions and The Adani Group • Energy stand by our promises and businesses to create The Adani Group is one of adhere to high standards of The Group has also made synergies India’s leading business business. houses with annual significant strides in D – Dedication: Working revenues of over USD 10 the agri-infrastructure (` crore) 2006-07 2007-08 2008-09 2009-10 2010-11 16,953 19,649 26,273 26,019 26,827 Adani Power Limited 20th Annual Report 2015-16 Adani Group. Nation-builder Largest private Largest coal Largest port Largest sector power importer in operator in edible oil producer in India (33%+ India manufacturing India market share*) capacity in India business by setting up trebled to 5 MMT in 2015. Terminal in Goa and generation, transmission grain storage silos and cold The Group’s ambition is Vizag Terminal in Andhra and gas distribution. storage facilities across to extract 200 MMT per Pradesh. Adani is the largest India. It is also a market annum by 2020, making it Mundra Port, India’s thermal power producer in leader in edible oils through one of the largest mining largest private sector India’s private sector with the Fortune brand. groups in the world. port, capitalises on a deep an installed capacity of draft, state-of-the-art 10,440 MW. Resources Logistics infrastructure and SEZ Adani Power owns four Adani’s Resources business Adani’s logistics business status. The port crossed thermal plants: Mundra, mines and trades coal (to comprises a large network 152 MMT in cargo handling Gujarat – 4,620 MW, Tiroda, progressively extend into of ports, special economic in FY 2015-16. Maharasthra – 3,300 MW, oil and gas production). zones and a multi-modal The Group is also Kawai, Rajasthan - 1,320 logistics network (railways The Group has developed developing a terminal at MW and Udupi, Karnataka and ships). and operates coal mines Ennore (Tamil Nadu) and – 1,200 MW. Apart from in India, Indonesia and The Group owns and a mega transhipment the above, Company also Australia; it imports and operates seven ports and terminal at Vizhinjam owns a 40 MW solar plant trades coal from a number terminals in India: Mundra (Kerala). at Bitta, Gujarat. of other countries. Port, Dahej Port, Kandla Terminal and Hazira Port The Group is India’s largest Energy in Gujarat, Dhamra Port coal importer. The Group’s Adani’s energy business in Odisha, Mormugao extraction capacity comprises power (` crore) 2011-12 2012-13 2013-14 2014-15 2015-16 39,904 47,352 56,226 65,520 45,148 Corporate snapshot Many companies possesses an ambitious vision but few have combined talent, tools, technology and tenacity as Adani Power has done. The result is that Adani Power is India’s largest thermal power company in the private sector. Marked by the largest capacities. Quickest commissioning tenures. Lowest operating costs. Cleanest generating plants. Engineered for the future. Addressing national Taking India ahead. Mechanism Project’ priority Adani Power was listed with the United Nations The Adani Group extended through an IPO in 2009. Framework Convention on its footprint into power Climate Change. The Company’s first unit generation through Adani of 330 MW at Mundra The Mundra power plant is Power Limited in 2006. was commissioned on the largest single-location The extension into this 4th August 2009. The coal-based thermal power business was in response company commissioned plant in India and one of to the overarching need India’s first supercritical the five largest such plants to generate more thermal 660 MW unit at Mundra in the world. power to feed a growing on 1st March 2011. Units national appetite – across 5 and 6 at this Mundra industries, services, facility comprise the agriculture and private world’s first supercritical users – and catalyse socio- technology-based thermal economic development. power projects registered as a ‘Clean Development Adani Power Limited 20th Annual Report 2015-16 Assets and capacities Shareholding as on 31st March 2016 Kawai, Rajasthan Asset Promoters (63.13% ) 1,320 MW Public shareholding (26.81%) Specification Foreign – Bodies corporate (9.58%) 2x660 MW NRIs – individuals (0.48%) Mundra, Gujarat Asset 4,620 MW Specification 4x330 MW and Udupi, 5x660 MW Karnataka Asset 1,200 MW Specification Tiroda, 2x600 MW Maharashtra Asset 3,300 MW Specification 5x660 MW The Adani Group extended its footprint into power generation through Adani Power Limited in 2006. Networth numbers* Networth and margin EBIDTA EBIDTA, Revenue, *These numbers are consolidated are numbers *These Revenue EBIDTA margin margin EBIDTA 2011-12 35 2011-12 4,242 2012-13 17 2012-13 6,970 2013-14 33 2013-14 16,005 ( 2014-15 31 2014-15 19,791 ` crore) (%) 2015-16 34 2015-16 25,433 Networth Networth EBIDTA 2011-12 6,041 2011-12 1,475 2012-13 4,293 2012-13 1,150 2013-14 6,543 2013-14 5,211 ( ( ` 2014-15 5,725 ` 2014-15 6,083 crore) crore) 2015-16 7,377 2015-16 8,755 Adani Power Limited 20th Annual Report 2015-16 Dear Shareholders, Over the last couple of Chairman’s Message years the energy sector "Doubt is not a pleasant in India has seen a condition, but certainty is transformational transition absurd" said Voltaire the as a consequence of famous French philosopher. several policy level changes Today, while the global accompanied by a superb markets seek some degree execution of directives. of certainty within a highly These include amendments volatile environment, India to the electricity act, has emerged as a beacon coal block auction and of hope, especially as the allocation, integrated other BRICS nations start power development to slow down or stay in scheme, Deendayal recession and the next Upadhyaya Gram Jyoti decade could well be India’s Yojana, unmatched decade in the world. ambition in renewable energy generation targets, the Ujwal DISCOM Assurance Yojana (UDAY), and widespread transmission connectivity plans. What any industry seeks is certainty and with the policy interventions that we have witnessed, both on the Power as well as domestic coal mining fronts there is good reason to feel confident. While the per-capita electricity consumption of India has now crossed 1,000 kWh it still remains well below average global Adani Power Limited 20th Annual Report 2015-16 against 54.7 billion units in to thank our customers, FY 2014-15. employees, shareholders, bankers, governments and However, Adani Power’s The company the Board for making 2015- debt and liquidity position Adani Power intends to 16 another strong year as in financial year 2015- we lay the foundation for commissioned replicate this 16 remained stressed our continued growth. 10,440 MW in capacity in due to the continuing nine years.
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