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Listing Exchange BSE Floor
Listing Exchange BSE Floor
Sub: Submission of Annual Audited Financial Rwults (Star dalone & Consolidated) of NTPC Ltd.
for the FSnancial Year ended March 31,2021.
Recommendation of Final Dividend for the Financial "ear 2020-21.
a Enhancement of Borrowing Limit of the Company from Ra 2,00,000 Crore to b.; 35,000
Crore.
Dear Sir,
d ii
The information as required under Regulation 52(4) of the SEBl (LOD ) Regulations, 015 is also b ing submitted
along-with Audited Financial Results. Further, the company is in compl anct with the r quirements SEBI circular
dated November 11, 2018 applicable to Large Corporates. The Initial isclosure for e year 202 - and Annual
Disclosure for the year 2020-21 submitted to Stock Exchanges are attac ed herewith as nnexure.
Yours faithfully,
(Nandi ni Sarkar)
Company Secretary & Compliance Officer
Encl.: As Above
Corporate : n@[email protected]
NTPC LIMITED
I Regd Office: NTPC Bhawan, SCOPE
2-
*
I II
C Crore
SI. Particulars Quarter Quarter II Quarterll
No. ended ended ended
31.03.202'
(Unaudite )
1 I 2
I llncome
(a) Revenue from operations
(b) Other income
Total income (a+b)
2 Expenses
(a) Fuel cost
(b) Electricity purchased for trading
(c) Employee benefits expense
(d) Finan- costs
( 0 ) Depreciation and amortisation expense
(f) Other expenses
Total expenses (a+b+e+d+e+f)
3 Profit before exceptional items, tax and regulatory deferral
account balances (1-2)
4 Exceptional items-(income) 1 exwnse (Refer Note 10)
5 Profit before tax and regulatory deferral account balances
(3-4)
6 Tax expense:
(a) Current tax (Refer Note 15)
(b) Deferred tax
Total tax expense (a+b)
7 Profit before regulatory deferral account balances ( 5 6 )
8 Net movement in regulatory defeml account balances (net of
tax)
9 Profit for the period (7+8)
10 Other comprehensive Income
Items that will not be reclassifiedto profit or loss
(a) Net acturial gainsl(losses) on defined benefit plans
(b) Net gainsl(losses) on fair value of quity instruments
Income tax on items that will not be reclassified to profit or loss
" C '
(a) Property, plant and equipment
(b) Capital work-in-progress
(e) Intangibleassets
(d) Intangible assets under development
(e) Financial assets
(i) investments in subsidiaries and joint venture companies
(ii)Other investments
TOTAL AWE-
-
Sub-total Total equ&
Deferred revenue
STANDALONE SEGMENT-WISE REVENUE, RESULTS, ASSETS AND LIAB1LITIES F
Quarter
ended
1.12.2020
ra.
(Unaudited) haudlted)
3 4
Segment revenue
- Generation 26418.84 24432.46
-others 1448.93 2208.25
- Unallocated 890.30 45.58
- Less: Inter s4gmmt elimination 516.25 417.73
Total 28239.82 25268.56
2 Segment results
Profit before interest, exceptional items and tax (tncludlng
regulatory deferral account balances)
- Generation 4498.25 6614.01
- Others (235.39' 69.77
Total 4202.86 6683.m
Less:
(i) Finance costs 1594.34 2009.36
(ii) Other unallocated expenditure net of unalloeable income (766.37: (4.84:
(iii) Exceptional items (Refer Note 10)
Segment assets
- Generation 296267.42 300093.83
- Others 10653.55 11911.23
- Unallocated X298.42 33605.58
Total 343219.39 345810.54
Segment liabilities
- Generation 33279.28 33744.45
-0thetS 4370.24 4340.71
- Unaeocated 186584.38 190167.84
Total 224233.90 228283.00
..-- . .. - .
The opwaCons of the Company am mainly carried out within the country and therefore, thdre is no repMtaWf lent.
n regulatorj deferral account balances (net of taw)
Trade receivables
Tax ~l divdend
Net cash froml(u#d in) financing a c t i i t i i C-
to Smdalwre Flnanelal Results:
1 The above standalone financial results have been reviewed by the Audit
June 2021 and approved by the Board of Directors in their meeting held
I
(ii) Sales have been provisionally recognized at C 94,464.04 m r e (31 March 2020 T 91,491.55 cr
4.1' ) on the said is.
itre) on account of
During the quarter, the Company has paid an interim divided of 7 3.00 per
2020-21. The Board of Directors has recommended final dividend of T 3.15
(including interim dividend) for the financial year 2020-21 is 7 6.15 per equity
Pursuant to h e approval of Board of Dbectors of the Company for buyback of
Company has bought back 19,78,91,146 equity shares of the Company for an
total paid up equity share capital at 7 115.00 per equity share. The settlement of
the equity shares bougM back were extirguish8d on 1 January 2021. According1
7 197.89 more and other equQ is redueed by 7 2,565.93 wore (including tax on
expenses off 4.01 More (net of tax)). Futther, earnings per share has been adj
iE
The Company has entered into a triparlite framework agreement with Ratnagi Gas & Power . Ltd. (
Company of NTPC Limited, and its lenders on 31 December 2020 for settletm of RGPPL's o standing d
Composite Resolution Plan. As per the Resolution Plan, the Company has provi d inter cwporat loan of
settlement of loan with the lenders: Further, 35.47% of equity hdd by lenders in R PPL have been nsferred t
of the Resolution Plan, at nominal value. Consequently, the Company's equity s rehdding in RG PL has in from 25.51 % to
60.98% on 31 December 2020 and RGPPL has become a subsidiary company of PC Limitedwith ct from
1 im
The GO1 introduced Vivad se Vishwas Scheme (VsV Scheme) through The rect Tax Vivad e V~hwa
previous year, the Company had created an additional tax provision amounting to 2,661.47 ero~ea it
Irtwrne Tax disputes for fourteen years by opting for the VsVs scheme. During he year. the Co pa
disputes for three years only. under the VsVs scheme, for which the Company is i the process of
Accordingly, excess tax provision amounting to t 1,889.05 crwes has been wtitten a& during Ihe q art
items
ments
items-
(Interest net of transfer to expentiire during construction).
The Company has maintained required asget cover as per the terms of offer d
Trust Deed, including compliance with all the covenants, in resped of the Bsted
Figures of last quarter are me balancing figures belween audited iigures in-reap
date figures upto the third quarter of the current financial year.
Di
Place: New Delhi
Date: 19 June 2021
T o the Board of Directors of
NTPC Limited
Opinion
ii
Our objectives are to obtain reasonable assurance about whe er the Stan alone
as a whole, are free from material misstatement, whether d e to fraud o error, a
auditor's report that includes our opinion. Reasonable ass nce is a hg level of
is not a guarantee that an audit conducted in accordance th SAs will ways
misstatement when it exists. Misstatements can arise fro fraud or e or and
material if, individually or in the aggregate, they could reas nably be ex ected
economic decisions of users taken on the basis of these Stan alone Finan ial Resul
' 1
As part of an audit in accordance with SAs, we exercise ~rofessionalj dgrnent
professional skepticism throughout the audit. We also: 14
d maintain
A A A UDIN:
U D I N : ~ W I ~ ~ ~2631 ~ ~ ~ 2 108 4993AAi
Place: New Delhi Place: New D&
sd/P
(C.KPmty)
Partner Partner
M. No.079236 M. No.057318
UDIEd: 21ay1236CWIA@349 UDIN:
Place: Jaipur Place: Bhubaneshwar
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(Suresh Agarwal)
Partner
M. No.072534
m m : igtiia53qAAfific;fL33\
Place: Hazaribagb
(Swsh 44-4
Partner
M.No.072534
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Place: Hsaaribagh
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. Othcr Matter,
The Statement include the results for the quarter
between the audited figures in respect of the
published unaudited year to date figures up co
were subjected to limited review by us.
(C.K.Prusty)
Partner Partner
M No.079236 M.No.057318
UDIN:? lo'tQ2'JdlAARA P70W UDIN:
Place: Jaipur Place: Bhubaneshwar
ForVKfindd&Co
h
Chartered Accountan&
FRN 001468C
I
, (Suresh Agarwal)
Partner
M No.072534
UDIN:
Place: Hazaribagh
~ bS.KMehta
r & Co * For S.N. Dhawan & Co L
Chamred Accountants Chartered Accountants
FRN 000478N FRN 0000WN/N500045
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phlcndra S h a m } P 4 tSingW
Parma Partner
M. No.079236 M No.057318 M N ,073488
UDrN: UDIN: UDI :
Place:Jaipur Place: Bhubaneshwar Place Kanpur
For V K Jindal& Co
C h a r t a d Accountants
FRN 001468C
(Suresh Agarwall
Partner
M.No.072534
UDW:
Place: Hazatibagh
(SKb=l
Partner
M, N0.084993
UDlN
Place: New Whi
31 MARCH 2021
Finance costs
Unwinding of discount on vendor liabilities
Interest incomekate payment Surchargenncome on Investments
Dividend income
ProvisionsWritten back
Loss on dispwal of investment accounted throwh equrty method
Profit on de-rewgnlion of property, plant and equipment
Loss on de-reeognitb of property, plant and equipment
Trade remivabks
-The Company has entered Into a @partite framework agreement with Ratnag
Cornmite Resolution Plan. As per the Resolution Plan, the Company
settlement of loan with the lenders. Further, 35.47% of equity held by len
of lhe Resolution Plan at nomlnal value. Consequently. the Company's
60.98% on 31 December 2020 and RGPPL has become a subsidiary corn
d) Revenue from operations for the year ended 31 March 2021 indude f 7,143.81 wore (
sale of energy through W i n g .
by tlw Roods. Most ofthe mechanical and eWdcsl equlpmmt are In safe condltlon.
The carrying cost of the project as at 31 March 2021 is T 5,337.69 wore (31 March 202
the calamity is indemniflable as stated abwe and Management is of the view that then
and eontident that any additional m i r e consequent to tlw natural ealarmty. woul
Regulations, hence no adjustment is cMssidered necessary In resp&iof the carrying val F rojeci dw to
e financiala
t as per Tariff
relation to the project during the period of revim by the Committee w tlll
stabilisation measurn, other recurring site expenses and interest costs as well as
thii projed will be compensated in full by the GOI. Hen=, no provision is considered
10 The Company had entered into an agreement for
agreement, the operator was to design, finance. build,
after which it was to be transbrred to the Company
disputes, invoked arbitration and r a m substantial
dlmdons of the Hon'ble Supreme Court of India, an a
Further, the Arbitral Trlbunal had awarded a clalm of ? 1.891.09
year 2018-19. The Company aggrieved by the arbllral award
Hon'ble High Court of Delhi (Hon'ble High Court) again& the said arbitral award in its
In the financial year 2019-20, against the appeal ofthe Compny, Hon'ble High Co
11
In v i w of delay in the handover exercise, NTPC had filed an Applicabiwr in Hon'ble
operator in this regard. Hm'ble High Court on 11 November 2020 d s p e d off the a
appointed by the Court, to visit the project site expeditiously preferably within 2 weeks
exercise has been delayed due to operatws issues with local labours at the site and
Court of Delhi has been adjourned Several times in light of restricted functioning of the
15 July 2021 in view of the current Cwid-19 sitwtion.
Pending final disposal of the appeal by Um Hon'ble Hlgh Court, Eonsideringthe provisi
and Contingent Assets' and Slgnlficanlaccount in^ Policies of the Company, prwidom
March 2020:T 37.92 m r e ) and the balance amount of ? 2,153.57 more (31 March
oontingent liability.
i-
igh Cwrt prayi
F-
lication requestln the Ld.
nd carry wtt the mmission.
id situation. D of hearin
on'ble High Cw and mm,
Further, four units of 150 MW each at Kameng Hydro ElecbSc Project w.e.f. 17 J
2021 respectively of NEEPCO and 50 MW at Kasargod Solar Project w.e.f. 31
May 2020 of THDCL, have been declared commercial. Further, the operati
Compny have been discontinuedw.e.f. the end of 31 March 2021.
10. Formula used for cornputation of coverage ratios DSCR = Earning be-
I(lnterest net of b-ansfer to wmditum during construction + Prlrdpl re
made out of refinancing arrangements) and ISCR = Earnil~gbefare In
(Interest net oi transfer to exwnditumduring conmclion).
Opinion
List of Subsidiaries:
1. NTPC Electric Supply Company Ltd., 2. NTPC
Utpadan Nigam Ltd., 4. Bhartiya Rail Bijlee Comp
Ltd., 6. Nabinagar Power Generating Company Ltd.
9. North Eastem Electric Power Corporation Ltd.,
Ltd., 11. NTPC Renewable Energy Ltd., 12. Ram
upto 30 December 2020)
(c)
environmental clearance for the project has been
India; the matter is sub-judice and the units have
i
ii
We conducted our audit in accordance with the Standar on Auditin (SAs)
I
1
the ethica
relevant to our audit of the consolidated hnancial statemen under the p ovisio
the Rules thereunder, and we have fulfilled our other e h c responsib' ties
these requirements and the ICAI's Code ofEthics. We beli e that the au 't
This Statement has been prepared on the basis of the co solidated an ual 5n
The Holdmg Company's Board of Directors are responsib for the pre aration
.
section 143(10)of the Act. Our responsibilities under those tandards are further
Auditor k~onsibi/itiesjorfheA ~ dOftbe
us and other audrtors in terms of their repom referred to ' "Other hla er" para
sufficient and appropriate to provide a basis for our opinio .
Emphasis of Matter
1
1
of these Consolidated F i n a n d Results that give a true and air view of e conso
and other compxehensive income and other h c i a l info tion of the Group
ventures in accordance with the Indian Accounting Standa s prescribed under
Act read with relevant rules issued thereunder and other a counting p uples
in In& and in compliance with Regulation 33 of the Listin Regulations The
Directors of the companies included in the Group and ts Joint Ven es ar
1 basis.
Il1 /
11
safeguarding of the assets of the Group and its joint ve
frauds and other irregularities;selection and applicationo
judgments and estimates that are reasonable and
maintenance of adequate internal lituncial con
accuracy and completeness of the accounting records, releva
of the Consolidated FinanciaI Results that give a m e and
misstatement, whether due to fraud or error,which have be
of the Consolidated Financial Results by the Directors of
"
misstatement when it exists. Misstatements can arise
material if, individually or in the aggtegate, they could
economic decisions of users taken on the basis of these
I $
We also performed procedures in accordance with the circular issu by Y! ~ E B Ivnder
Regulation 33 (8) of the Listifig Regulations, as amended, to the extent a licable.
Other Matters
a) We did not audit the f i n a n d statements of twelve suxidia&s, d o s e
reflects total Assets of 7 76,313.50 crore as at 31 Marc? 2021; total R
crori and 715,353.59 crore for the quarter and year ended on dm
considered in the consolidated h a n d results. The Statement also in
of net profit using the equity method, of 7201.27 crore :nd 721.15
year ended 31 March 2021 respectively, as considered i 1 the consohiated
respect of five joint ventures, whose h a n d statemen 3 have not b:en au
financial statements have been audited by their respecti1.e independer t audito
have been furnished to us by the management upto 17 June 2021
. .
Statement, in so far as it relates to the aforesaid subsidt mes and join
on the reports of the other auditors and the procedures perfonne
Auditor's Responsibility section above after considerng the requrement
Auditing (SA 600) on 'Using the work of Another Acditor' indud
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For Parakh & Co. For C K Prusty & Ass ciates orBCJ '
Partner Partner
M. No.079236 M. No.057318
UDEN: ~ D ? ~ ~ % A A A C I A E O ~ SUDIN:
~
Place:Jaipur Place: Bhubaneshwar
sa[-
(Suresh Agamal)
Partner
M. No.072534
UDIN: 3107X3q AAPR bb 6418
Place: Hazaribagh
Dated: 19 June 2021
Far S M t h t ~
& Ca
mdras-1
Parmts
M.No.079236
UDIN:
Place:Jaipur
For V K Jindal&Co
Q w t c d Accountma
FRN 001468C
bm&d s b t e m e n d b d iafmtioe rrxe waudid
magmat of rbe.Holding Company and our q&im
to the a f o r d d joint \ r e companies are based
statements/ hwncial infamatian, In our opinion md o
@ohit M&a)
Partner
M No.091382
UDIN:
Phee: New Delhi
w s - 1
hmEx
Jh% N0,1)79236
m:
Place:]&put
For V K Jhdd& Co
c4artcredACGountants
FRN 001468C
(Sm=h AgarwaE)
Pam-
M.No.072534
uniN:
l'lace; Hazatibagh
Dated: 19 June 2021
a
a
c)
hmcinl swcmmt8/hnandal information a q unaudited
mmapnmt ofthc Holding Company
to &c afomslid joht vcn-
ista-/
+tiom
FRN 00047RN
@ohit WM)
Parma
M No.091382
mm:
Place: New Delhi
FRN 000050N/N5Q0045
(Mukd Bansal)
Partner
M. No.505269
UDm:
Plnae:NewD&
+
F i m d Results is not
m a m s with respect to our r e h e e on the work done and th
the Fmmd Results/financial infoma& certifiedby rhe
[Jlmtetcd Accau~tanw
(CKPmsty)
h e r .
M No.057318
UDIN:
Place: Bhubandwar
- -
Pu=shb-4
Pmer
*
M N0.072534
U D I N : ? I ~ S ~ Y A ~ C A A H PC W O
k H m i h g h
D a d I9 June 2021
I
NTPC UMITED
Extract of the Financial Results for the Quarter and Year ended 31 March 2021
* Excluding Fly ash utilization reserve and Corporate social responsibility reserve.
Notes:
1 The above is an extract of the detailed formats of financial results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. The full formats of the financial results of the Company are available on the investor section of our websii https:ltw,ntpc.co.in and under
Corporate Section of BSE Limited and National Stock Exchange of India Limited at https:llwww.bseindia.com& https:lhwvw,n9eindia.com.
(A.K.Gautarn)
Place: New Delhi Director (Finance)
Date: 19 June 2021 DlN:08293632
52(4)(d) & (e) Payment Status of Commercial Papers:
Remarks:
3.
i f II
For 52 (4) (b), (c) and (f) to (1) rtfcr Audited Annual Finmcial Results for the period ended 1 March 2021 as plicablt.
Ref. No.:Oll FMSDICompBancel2021-22
Dear Sir,
Sdl-
Nandini Sarkar
Company Secretary
Email: [email protected]
Contact No.: 011-24360959
Sdl-
Nandini Sarkar
Company Secretary
Email: csntpc @ ntpc-co.in
Contact No.: 01 1-24360959
Date: 26 April 202 1