Ksk Energy Ventures Limited
Total Page:16
File Type:pdf, Size:1020Kb
Power from knowledge KSK ENERGY VENTURES LIMITED ANNUAL REPORT 2018-19 202 1 KSK ENERGY VENTURES LIMITED ANNUAL REPORT 2018-19 , CORPORATE INFORMATION 01 Board of Directors Mr. N.S. Ramachandran Ms. Alankrita Soni Mr. S. Kishore Corporate Mr. K. Bapi Raju CONTENTS Information , , , CFO Mr. Manjul Saha 02 12 27 Company Secretary Mr. Ranjith Kumara Shetty STATUTORY REPORTS Management Report on Director’s Registered Office 8-2-293/82/A/431/A, Discussion Corporate Report Road No.22, Jubilee Hills and Analysis Governance Hyderabad - 500 033, Telangana, India Ph: 040-23559922-25 7 , 7 Fax: 040-23559930 53 63 65 E-mail: [email protected] FINANCIAL CIN:L45204TG2001PLC057199 STATEMENTS Independent Balance Statement of Auditors’ Sheet Profit and Report Loss Statutory Auditors M/s. Jawahar and Associates., Standalone Standalone Chartered Accountants C-5 Skylark Apartments, 7 7 7 3-6-309 Basheer Bagh, 66 68 70 Hyderabad - 500029 Statement of Cash Flow Notes to .ll KSK Changes in Statement Financial Bankers Andhra Bank KSK ENERGY VENTURES LIMITED Equity Statements ~-- Standalone Bank of India Indian Bank , , UCO Bank , Axis Bank 109 117 119 ANNUAL REPORT 2018-19 Independent Consolidated Consolidated Registrar & Share Transfer Agent Karvy Fintech Private Limited Auditors’ Report Balance Statement of on Consolidated Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial Statements Sheet Profit and Loss Financial District, Nanakramguda, Hyderabad - 500 032. CONSOLIDATED Ph: 040-67162222 7 , , , Fax: 040-23001153 188 121 124 126 E-mail: [email protected] Notice of the Consolidated Consolidated Notes to Shares Listed at National Stock Exchange of India Limited Annual General Statement of Cash Flow Consolidated Meeting Changes in Equity Statement Financial BSE Limited Statements CONSOLIDATED Website www.ksk.co.in 2 3 KSK ENERGY VENTURES LIMITED ANNUAL REPORT 2018-19 CORPORATE INFORMATION 01 Board of Directors Mr. N.S. Ramachandran Ms. Alankrita Soni Mr. S. Kishore Corporate Mr. K. Bapi Raju CONTENTS Information CFO Mr. Manjul Saha 02 12 27 Company Secretary Mr. Ranjith Kumara Shetty STATUTORY REPORTS Management Report on Director’s Registered Office 8-2-293/82/A/431/A, Discussion Corporate Report Road No.22, Jubilee Hills and Analysis Governance Hyderabad - 500 033, Telangana, India Ph: 040-23559922-25 Fax: 040-23559930 53 63 65 E-mail: [email protected] FINANCIAL CIN:L45204TG2001PLC057199 STATEMENTS Independent Balance Statement of Auditors’ Sheet Profit and Report Loss Statutory Auditors M/s. Jawahar and Associates., Standalone Standalone Chartered Accountants C-5 Skylark Apartments, 3-6-309 Basheer Bagh, 66 68 70 Hyderabad - 500029 Statement of Cash Flow Notes to Changes in Statement Financial Bankers Andhra Bank KSK ENERGY VENTURES LIMITED Equity Statements Standalone Bank of India Indian Bank UCO Bank 109 117 119 Axis Bank ANNUAL REPORT 2018-19 Independent Consolidated Consolidated Registrar & Share Transfer Agent Karvy Fintech Private Limited Auditors’ Report Balance Statement of on Consolidated Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial Statements Sheet Profit and Loss Financial District, Nanakramguda, Hyderabad - 500 032. CONSOLIDATED Ph: 040-67162222 Fax: 040-23001153 188 121 124 126 E-mail: [email protected] Notice of the Consolidated Consolidated Notes to Shares Listed at National Stock Exchange of India Limited Annual General Statement of Cash Flow Consolidated Meeting Changes in Equity Statement Financial BSE Limited Statements CONSOLIDATED Website www.ksk.co.in 2 [73 KSK ENERGY VENTURES LIMITED ANNUAL REPORT 2018-19 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS STATUTORY REPORTS Indian Economy Overview Some of the recent initiatives and developments undertaken by the government are listed below: India has emerged as the fastest growing major economy in the world and is expected to be one of the top three economic powers ¤ In February 2019, the Government of India approved the National Policy on Software Products - 2019, to develop the country as of the world over the next 10-15 years, backed by its strong democracy and partnerships. a software hub. Despite a moderation in real GDP growth by 40 basis points in 2018-19 over 2017-18, Indian economy remained the fastest growing ¤ The National Mineral Policy 2019, National Electronics Policy 2019 and Faster Adoption and Manufacturing of (Hybrid) and major economy along with macroeconomic stability. There was a pickup in fixed investment rate in 2018-19. Fiscal situation Electric Vehicles (FAME II) have also been approved by the Government of India in 2019. remained comfortable and the consolidation process continues to bring down the elevated level of public debt. Consumer price ¤ Village electrification in India was completed in April 2018. inflation was within the targeted limits set by the monetary policy committee of RBI. Current Account Deficit increased from 1.9 ¤ percent of GDP in 2017-18 to 2.4 percent in April-December 2018-19. Global confidence on the Indian economy has improved as The Government of India released the maiden Agriculture Export Policy, 2018 which seeks to double agricultural exports from seen from indicators like improvement in ease of doing business and gross FDI inflows. According to World Bank's Ease of Doing the country to US$ 60 billion by 2022. th Business 2019 Report, India's ranking improved by 23 positions to 77 rank in 2018. ¤ Around 1.29 million houses have been constructed up to December 24, 2018, under Government of India's housing scheme Industry named Pradhan Mantri Awas Yojana (Urban). ¤ The performance of the industrial sectors based on the Index of Industrial Production (IIP) comprising mining, manufacturing and Prime Minister's Employment Generation Programme (PMEGP) will be continued with an outlay of Rs 5,500 crore (US$ 755.36 electricity registered a growth of 3.6 percent in 2018- 19, as compared to 4.4 percent in 2017-18. As per the sectoral classification, million) for three years from 2017-18 to 2019-20, according to the Cabinet Committee on Economic Affairs (CCEA). mining, manufacturing and electricity sectors registered 2.9 percent, 3.6 percent and 5.2 percent growth during 2018-19 Road Ahead respectively. Among the use-based categories, primary goods, capital goods, intermediate goods, infrastructure/construction India's gross domestic product (GDP) is expected to reach US$ 6 trillion by FY27 and achieve upper-middle income status on the goods, consumer durables goods and consumer nondurables goods have attained 3.5 percent, 2.8 percent, (-)0.5 percent, 7.5 back of digitisation, globalisation, favourable demographics and reforms. India's revenue receipts are estimated to touch Rs 28-30 percent, 5.5 percent and 3.9 percent growth respectively in 2018-19. trillion (US$ 385-412 billion) by 2019, owing to Government of India's measures to strengthen infrastructure and reforms like The eight core infrastructure supportive industries, viz. coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and demonetisation and Goods and Services Tax (GST). electricity that have a total weight of nearly 40 percent in the Index of Industrial Production (IIP) grew by 4.3 percent in 2018-19 at India is also focusing on renewable sources to generate energy. It is planning to achieve 40 per cent of its energy from non-fossil the same level of growth at 4.3 percent in 2017-18. The production of coal, natural gas, refinery products, fertilizers, steel, cement sources by 2030 which is currently 30 per cent and also have plans to increase its renewable energy capacity from to 175 GW by and electricity increased by 7.4 percent, 0.8 percent, 3.1 percent, 0.3 percent, 4.7 percent, 13.3 percent and 5.2 percent respectively 2022. during 2018-19, while the production of crude oil fell during the same period. India is expected to be the third largest consumer economy as its consumption may triple to US$ 4 trillion by 2025, owing to shift in Government Initiatives consumer behaviour and expenditure pattern, according to a Boston Consulting Group (BCG) report; and is estimated to surpass The interim Union Budget for 2019-20 was announced by Mr Piyush Goyal, Union Minister for Finance, Corporate Affairs, Railways USA to become the second largest economy in terms of purchasing power parity (PPP) by the year 2040, according to a report by and Coal, Government of India, in Parliament on February 01, 2019. It focuses on supporting the needy farmers, economically less Price waterhouse Coopers. privileged, workers in the unorganised sector and salaried employees, while continuing the Government of India's push towards Power Sector: better physical and social infrastructure. Power Sector in India has witnessed a paradigm shift over the years due to the constant efforts of Government to foster investment Total expenditure for 2019-20 is budgeted at Rs 2,784,200 crore (US$ 391.53 billion), an increase of 13.30 per cent from 2018-19 in the sector. As a result, India improved its ranking in the Energy Transition Index published by World Economic Forum (WEF) (76th (revised estimates). position). Along with universal electrification, commendable progress has been made in generation and transmission of electricity. Numerous foreign companies are setting up their facilities in India on account of various government initiatives like Make in India and Digital India. Mr. Narendra Modi, Prime Minister of India, has launched the Make in India initiative with an aim to boost the Performance Highlights: manufacturing sector of Indian economy, to increase the purchasing power of an average Indian consumer, which would further Power plays a crucial role in the economic growth and welfare of India. The country's power sector is one of the most diversified in boost demand, and hence spur development, in addition to benefitting investors. The Government of India, under the Make in the world with thermal power contributing 63.5% of installed capacity, while hydro, nuclear, RES accounting for 12.8%, 1.9%, 21.8%, India initiative, is trying to give boost to the contribution made by the manufacturing sector and aims to take it up to 25 per cent of respectively.