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Bibaran Patra
Bibaran Patra
k|lt z]o/ cfDbfgL ?= (4.24) (3.18) (3.25) 0.50 2.06 4.75 7.31
;+lrt gfkmf gf]S;fg -?=xhf/_ (27,682.78) (40,667.99) (56,730.45) (53,428.13) (32,865.66) 14,622.71 37,691.66
b/vf:t ;fy k|lt ;fwf/0f z]o/ ?=!))÷— sf b/n] zt k|ltzt e'QmfgL dfu ul/Psf] .
k|lt d]ufjf6 nfut ;DaGwL ljj/0f M sDkgLn] k|jw{g ul//x]sf dfof vf]nf xfO{8«f]k fj/ hnljB't !$=( d]=jf cfof]hgfsf] s'n cg'dflgt
nfut (Interest During Construction (IDC) ;lxt k|lt d]=jf= nfut ?=@),!#,$@,@*!÷() 5 .
ljB't pTkfbg cg'd ltsf] afFsL cjlw ;DaGwL ljj/0f M dfof vf]nf xfO{8«f]kfj/ sDkgL ln= hnljB't cfof]hgfsf] ljB't pTkfbg cg'dtL
kq jxfn /xg] cjlw ldlt @)&!÷)@÷@^ b] l v @!)^÷)@÷@% ut] ;Dd /x] s f] n ] @^ jif{ ( dlxgf afF s L /x] s f] 5 .
nufgL lkmtf{ x'g] cjlw -Pay Back Period_ ;DaGwL ljj/0f M cfof]hgfsf] ;fdfGo nufgL lkmtf{ x'g] cjlw -Simple Pay Back Period)
&=#* jif{ / 5'6 nufgL lkmtf{ x'g] cjlw (Discounted Pay Back Period) !&=!& jif{ /x]sf] 5 .
hnljB't cfof]hgfsf] s'n nfut ljj/0f M dfof vf]nf xfO{8«f]kfj/ sDkgL hnljB't cfof]hgfsf] s'n cg'dflgt nfut (Interest During
Construction (IDC) ;lxt ?=#,)),)),)),)))÷– /x]sf] 5 .
nufgLdf x'g] hf]lvd ;DaGwL pb\3f]if0f M
lwtf]kqdf ul/g] nufgLdf hf]lvd x'g] ePsf]n] To:tf] hf]lvdsf] d"NofÍg ug]{ k|d'v bfloTj nufgLstf{ :jo+sf] x'g]5 / lwtf]kqsf] lgisfzg d'Non] ;"lrs/0f
kZrft\\ lwtf]kq ahf/df x'g] sf/f]af/ d" No ghgfpg] x'Fbf o; ljj/0fkqsf] bkmf * sf] k[i7 !% df pNn]lvt hf]lvdx? ;d]tsf] cWoog u/]/ dfq nufgL
;DaGwL lg0f{o lng ;'emfj ul/G5
lgodg lgsfosf] hjfkmb]lxtf g/xg] pb\3f]if0f M
o; ljj/0fkqdf pNn]lvt lwtf] kq ;fj{hlgs lgisfzgsf] nflu tof/ ul/Psf] o; ljj/0fkqnfO{ lwtf]kq ;DaGwL P]g, @)^# adf]lhd g]kfn lwtf]kq af]8{n] :jLs[tL
k|bfg u/]sf] 5 . o;/L af] 8{n] ljj/0fkq :jLs[tL k|bfg u/]sf] sf/0faf6 s;}n] klg g]kfn lwtf]kq af]8{, sDkgL /lhi6«f/sf] sfof{no jf ;Da4 cGo lgodg lgsfon]
ljj/0fkqdf pNn]lvt s'/fsf] ;Totf jf lgisfzgstf{ jf kl/of]hgfsf] cfly{s ;Ifdtfsf] af/] df s'g} k|sf/sf] k|Tofe" t u/]sf] jf lhDd]jf/L lnPsf] dflgg] 5} g .
qm]l86 /]l6Ë ;DaGwL ljj/0f
o; ljj/0fkq cg';f/ lgisfzg ul/g] ;fwf/0f z]o/sf] nflu lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# -t];|f] ;+zf]wg ;lxt_ df ePsf] Joj:yf adf]lhd
sDkgLsf] O:o"/ /]l6Ë u/fpg' kg]{ ePsf]n] qm]l86 /]l6Ë lgodfjnL, @)^* sf] lgod # adf]lhd g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt qm]l86 /]l6Ë ;+:yf Oqmf
g]kfn lnld6]8af6 O:o"/ /] l6Ë u/fO{ "[ICRANP-IR) BB-" /]l6Ë k| fKt u/]sf] 5 . "[ICRANP-IR) BB-" n] sDkgLsf] bflxTj jxg ug]{ Ifdtf cf};t
hf]lvd "Moderate risk of default regarding timely servicing of financial Obligations" /x]sf hgfpFb5 . Oqmf g]kfn lnld6]8n] [ICRANP-
IR) AAA b]lv [ICRANP-IR) D ;Ddsf] /]l6Ë k|bfg ub{5 h;df u|]8 [ICRANP-IR) AAA n] ;sf/fTds cfwf/ hgfpF5 eg] [ICRANP-IR) D n]
gsf/fTds cfwf/x¿ hgfpF5 . ;f] ;DaGwL ljj/0f o; ljj/0fkqsf] bkmf @@ -0f_ df pNn]v ul/Psf] 5 .
O:o"/ /]l6Ë u|]8 k|bfg u/]sf] ldlt M @)&(÷)%÷!$ axfn /xg] cjlw @)*)÷)%÷!@
cfof]hgf k|e fljt If]qsf afl;Gbfx?nfO{ tyf sd{ rf/Lx?nfO{ lalqm ljt/0f u/]sf] z] o/ ;a{;fwf/0fsf nflu lgisfzg u/]sf] z]o/ afF8kmfF8 ePsf] ldltn]
tLg jif{ k"/f geP ;Dd c? s;}nfO{ lalqm jf x:tfGt/0f ug{ kfOg] 5}g .
g]kfn lwtf]kq af]8{af6 ljj/0f–kqdf :jLs[lt k|fKt ePsf] ldlt @)&(÷)*÷)@ tyf sDkgL /lhi6«f/sf] sfof{nodf ljj/0f–kq btf{ ldlt @)&(÷)*÷!!
lwtf]kq lgisfzg v'Nnf x'g] ldlt M
cfof]hgf k|efljt If]qsf afl;Gbfx?sf] nflu j}b]lzs /f]huf/Ldf /x]sf g]kfnLx?sf nflu M
lgisf;g v'Nnf x'g] ldlt M @)&(÷)*÷@# lgisf;g v'Nnf x'g] ldlt M @)&(÷)*÷@#
lgisf;g aGb x'g] ldlt -l56f]df_ M @)&(÷)(÷)* -a}lsË ;do kZrft_ lgisf;g aGb x'g] ldlt M @)&(÷)(÷)* -a}lsË ;do kZrft_
lgisf;g aGb x'g] ldlt -l9nf]df_ M @)&(÷)(÷@$ -a}lsË ;do kZrft_
lwtf]kq lgisfzg tyf laqmL k|aGws
k|e' Soflk6n lnld6]8
sdnfbL, sf7df8f}+, kmf]g g+= )!–$!^(!)), %(&)@))
E-mail:[email protected], Web: www.prabhucapital.com
(A Subsidiary of Prabhu Bank Limited)
v=!= ljj/0fkqdf k|of]u ePsf k|fljlws tyf cGo zAbfjnLsf] kl/efiff M
s_ æljj/0fkqÆ eGgfn] sDkgL P]g, @)^# sf] bkmf @# adf]lhd / lwtf]kq ;DaGwL P]g, @)^# sf] bkmf #) adf]lhd k|sflzt ljj/0fx?
ePsf] k'l:tsfnfO{ ;Demg' kb{5 .
v_ ælwtf] k q lgisfzg tyf laqmL k|a Gwsæ eGgfn] k| e ' Soflk6n lnld6] 8 , sdnfbL, sf7df08f} +n fO{ ;Demg' kb{ 5
u_ ælwtf]kqÆ eGgfn] ;+ul7t ;+:yfn] hf/L u/]sf] z]o/ hgfpFb5 .
3_ æ;+ul7t ;+:yf÷sDkgLÆ eGgfn] lgisfzgstf{ sDkgL dfof vf]nf xfO{8«f ]kfj/ sDkgL lnld6]8, w'Daf/fxL nfO{ ;Demg' kb{5 .
ª_ æsDkgLsf sd{rf/Lx?Æ eGgfn] dfof vf]n f xfO{8«f]kfj/ sDkgL lnld6]8sf kbflwsf/Lx? nufotsf sd{rf/Lx? ;Demg' kb{5 .
r_ æ;+sng s]Gb|Æ eGgfn] ;fj{hlgs lgisfzgsf] nflu tof/ ul/Psf] ljj/0fkq / b/vf:t kmf/d k|fKt ug{ ;lsg] tyf b/vf:t
kmf/d;fy /sd a'emfpg ;lsg] u/L tf]lsPsf ;+:yfx?nfO{ ;Demg' kb{5 .
5_ ælgisfzg a}+sÆ eGgfn] lgisfzg tyf laqmL k|aGws;Fu ;Demf}tf u/L lwtf]k q lgisfzgsf] qmddf cfj]bsaf6 k|fKt x'g] /sd
hDdf ug{ lhDd]jf/L lng] a}+snfO{ ;Demg' kb{5 .
h_ ælgodg lgsfoÆ eGgfn] g]kfn lwtf]kq af]8{, sDkgL /lhi6«f/sf] sfof{no, ljB't lgodg cfof]u, pBf]u ljefu tyf ljB't ljsf;
ljefunfO{ ;Demg' kb{5 .
em_ æ;+:yfks, ;~rfns, sfo{sf/L k|d'v tyf Joj:yfkg” eGgfn] dfof vf]nf xfO{8«f]kfj/ sDkgL lnld6]8sf] ;+:yfks, ;~rfns,
sfo{sf/L k|d 'v tyf Joj:yfkgnfO{ ;Demg' kb{5 .
`_ æaf]8{Æ eGgfn] g]kfn lwtf]kq af]8{nfO{ ;Demg' kb{5 .
6_ æ:yflgojf;LÆ -k|efljt If]q_ eGgfn] cfof]hgff6 ePsf] clt k|efljt tyf k|efljt If]q -pBf]u k|efljt If]q_ cyf{t ;+v 'jf;ef
lhNnf clt k|efljt If]q r}gk'/ gu/kflnsf j8f g+ * / (, wd{b]jL g=kf=sf j8f g+= #,$ / %, dfbL g=kf=sf] j8f g+= $ / ^ /
afFsL tLg} gu/kfnLsfsf] j8fx?nfO{ k|efljt If]qdf :yfoL ?kdf a;f]j f; ug]{ g]kfnL tyf o; sDkgLn] cfJxfg kq k|sflzt
ePsf] ldlt eGbf cl3Nnf] ldlt;Dd ;f]x L :yfgdf aF; fO{ ; /fO{ u/L cfPsf g]k fnL gful/s ;d]t nfO{ hgfpF5 .
7_ æljlQo ljj/0fÆ eGgfn] ;+ u l7t ;+ : yfsf] jf;nft, cfo—Joo ljj/0f, gub k| j fx ljj/0f ;Demg' kb{ 5 .
8_ æv'b ;DklQ -g]6jy{_Æ eGgfn] ;+:yfsf] jf;nftdf /xg] ;DklQsf] s'n hf]8df jfx\o bfloTjnfO{ 36fO{ sfod x'g cfpg] /sd ;Demg'
k5{ .
9_ ænufgL lkmtf{ x'g] cjlw (Pay Back Period)Æ eGgfn] nufgLstf{n] cfkm'n] nufgL u/]sf] /sd lkmtf{ e'QmfgL x'g] cjwL eGg]
;Demg' kb{5 . h;nfO{ jif{df AoQm ul/G5 . æ;fwf/0f nufgL lkmtf{ x'g] cjwLÆ eGgfn] kl/of]hgfdf ePsf] s'n nufgLnfO{ To;
kl/of]hgf af6 k|fKt x'g] aflif{s cf}ift gub k|jfxn] efu ubf{ cfpg] efukmn nfO{ hgfpFb5 / æl8:sfp06df nufgL lkmtf{ x'g]
cjwLÆ eGgfn] kl/of]hgfdf ePsf] s'n nufgLnfO{ To; kl/of]hgfaf6 k|fKt x'g] aflif{s gub k|jfxnfO{ lglZrt k|ltzt a§fb/
åf/f -Discount rate_ jt{d fg d'Nodf kl/0ft ul/ cfpg] gub k|afxaf6 cfof]hgfdf ePsf] s'n nufgLnfO{ efu ubf{ cfpg]
efukmnnfO{ hgfpFb5 . o;n] d'b |f l:kmltnfO{ Wofg lb+bf slt aif{df cfof]hgfsf] nufgL lkmtf{ x'G5 eGg] s'/f j'e mfpF5 .
0f_ ælwtf]kq k|Tofe"ltstf{Æ eGgfn] lwtf]kq Joj;foL -dr]{06 a}+s/_ lgodfjnL, @)^$ sf] lgod !^ sf] v08 -v_ adf]lhdsf] lwtf]kq
k|T ofe"lt-c08//fOl6Ë_ sf] sfo{ ug{ cg'd ltkq k|fKt lwtf]k q Joj;foL >L d'l Qmgfy Soflk6n lnld6]8nfO{ ;Demg' k5{ .
t_ æcf:jf ;b:oÆ eGgfn] g]k fn lwtf] k q af] 8 {a f6 cf:jf ;b:otf lnPsf a} + s tyf ljQLo ;+: yf ;Demg' kb{ 5 .
y_ æk|lt z]o/ g]6 jy{Æ eGgfn] sDkgLsf] jf;nftdf /x]sf] z]o/ k"FhL, z]o/ lk|ldod tyf hu]8f sf]if nufotsf s'g} klg k|sf/sf]
;l~rt sf] i fsf] s' n hf] 8 nfO{ hDdf ;fwf/0f z] o / ;+ V ofn] efu ubf{ cfpg] efukmnnfO{ hgfpF b 5 .
b_ æj}bl] zs /f]huf/LÆ eGgfn] g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 >d :jLs[t k|fKt u/L ljb]zdf a;L /f]huf/ ul//x]sf g]kfnLx?nfO{
;Demg' kb{5 .
w_ æljk]|z0f -/]ld6ofG;_ art vftfÆ eGgfn] g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 >d :jLs[t k|fKt u/L ljb]zdf a;L /f]huf/ ul//x]sf
g]kfnL gful/ssf] af]8{af6 lwtf]kq vl/b b/vf:t ;+sng ;DaGwL sfo{ ug{ k|fKt cfZjf ;b:o a}+s jf ljQLo ;+:yfdf ;DalGwt
JolQmsf] gfddf /x]sf] ljk|]z0f -/]ld6ofG;_ art vftf ;Demg'k5{ .
l;=g+= ljj/0fkq k|fKt ug]{ :yfgsf] gfd / 7]ufgf
!= Kf|e' Soflk6n lnld6]8, sdnfbL, sf7df8f}+, g]kfnÙ j]j;fO6 M www.prabhucapital.com kmf]g g+=— )!– $!^(!)),
@= dfof vf]nf xfO{8«f]kfj/ sDkgL lnld6]8, sf=d=g=kf=–$, w'Daf/fxL, sf7df08f}+, email: [email protected],
j]j;fO6: www.mkhpcl.com.np
#= g]kfn lwtf]kq af]8{, v'dn6f/, nlntk'/sf] j]j;fO6, www.sebon.gov.np
l;=g+= b/vf:t kmf/d k|fKt ug{ / a'emfpg] :yfg M cfof]hgf k|efljt If]qsf :yfgLo afl;Gbfx?sf] nflu b]xfo adf]lhdsf :yfgx?af6
ef}lts ?kdf b/vf:t kmf/d lng] Joj:yf ul/Psf] 5 M
!= != k|fOd sdl;{on a}Fs lnld6]8, vfFbaf/L,;efkf]v/L zfvf ;+v'jf;ef .
@= k|e' a}Fs lnld6]8, vfFbaf/L zfvf ;+v'jf;ef .
#= g]kfn P;lacfO{ a}s lnld6]8, wd{b]aL zfvf .
$=Unf]an cfOPdO{ a}+s lnld6]8 , r}gk'/, vfFbaf/L, ef]6vf]nf zfvf ;+v'jf;ef .
%= dfof vf]nf xfO{8«f]kfj/ sDkgL lnld6]8 cfof]hgf sfof{no, ;+v'jf;ef .
^= lxdfnog a}+s lnld6]8, dfbL zfvf, ;+v'jf;ef .
&= k|e' Soflk6n lnld6]8sf] sdnfbL tyf o; Soflk6nn] lgdf{0f ul/Psf] cgnfO{g
https://ipoapply.prabhucapital.com lnª\s df uO{ cfj]bg lbg ;Sg]5g\ .
cfof]hgf k|efljt If]qsf :yfgLo afl;Gbfn] z]o/ v/Lb cfj]bg k|fKt ug{sf nflu b/vf:t kmf/d jfkt ?=@÷–-b'O{ ?k}of_
z'Ns a'emfpg' kg]{5 .
@= j}b]lzs /f]huf/Ldf /x]sf g]kfnLx?sf nflu b/vf:t kmf/fd k|fKt ug]{ / b/vf:t a'emfpg] :yfgx? M
g]kfn lwtf]kq af]8{af6 cg'dlt lnO{ cf:jf (ASBA) ;]jfdf ;xefuL a}s tyf ljQLo ;+:yfx?af6 l;–cf:jf (C–ASBA)
k|0ffnL dfkm{t cfj]bg lbg ;lsg]5 .
#= ;j{;fwf/0f z]o/wgLx?sf] xsdf M g]kfn lwtf]kq af]8{af6 :jLs[tL k|fKt u/]sf ;Dk"0f{ ;L–cf:af (C-ASBA) ;b:o a}+s
tyf ljlQo ;+:yfx? tyf l;l8P; P08 lSnol/Ë lnld6]8af6 lgdf{0 f ul/Psf] ;km\6 j]o/ æd]/f] ;]o/Æ cgnfOg k|of]u ul/
l;cfZjf k|0ffnL dfkm{t cfj]bg lbg ;lsg]5 .
gf]6M l;l8P; P08 lSnol/Ë lnld6]8åf/f ;~rflnt d]/f] z]o/ (Mero Share) cgnfOg k|0ffnL dfkm{t klg cfj]bg ug{ ;lsg]5 .
!
u=!= lwtf]kq lgisf;g tyf laqmL k|aGwssf] pb\3f]if0f M
xfdLnfO{ lgisf;gstf{ ;+ul7t ;+:yf tyf o;sf ;+:yfks÷;~rfnsx?n] pknAw u/fPsf] ljj/0f tyf hfgsf/Lx?sf]
cfwf/df o; ;+:yfsf] Joj:yfksLo, k|fljlws / cfly{s kIfsf] ljZn]if0ffTds cWoogaf6 xfdL ;Gt'i6 x'g'sf] ;fy}
ljj/0fkqdf n]lvPsf cfly{s ljj/0fx? / cGo hfgsf/L tYout, k"0f{ / ;xL b]lvPsf]n] nufgLstf{x?nfO{ nufgL ;DaGwL
lg0f{o lng d2t k'Ug] s'/fk|lt ljZj:t eO{ xfdLn] of] ljj/0fkq :jLs[ltsf nflu g]kfn lwtf]kq af]8{df lwtf]kq ;DaGwL
P]g / lgodfjnL cg'?k tf]lsPsf] of]Uotf k'u]sf] k|lta4tfkq (Due Diligence Certificate) k|:t't u/]sf
5f}+ .
u=@= ;+ul7t ;+:yfsf] pb\3f]if0f M
u=@=s= ;~rfnssf] lhDd]jf/L tyf hjfkmb]lxtf ;DaGwL pb\3f]if0f M
of] ljj/0fkq xfdLn] k'g/fjnf]sg u/L cg'df]bg u/]sf] x'gfn] o; ljj/0fkqdf pNn]v ul/Psf ljj/0f tyf hfgsf/Lsf
;fy} lgisf;g tyf laqmL k|aGwsx?nfO{ lbPsf] ljQLo ljj/0f, cGo ljj/0f, hfgsf/L tyf sfuhftx?sf] ;Totf /
z'4tf k|lt / lwtf]kq btf{ tyf lgisf;g cg'dlt k|of]hgsf nflu g]kfn lwtf]kq af]8{df k]z ul/Psf] ljj/0fkq /
;f];Fu ;DalGwt cGo ljj/0f tyf hfgsf/Lsf] z'4tf tyf ;Totfk|lt o; ljj/0fkqdf x:tfIf/ ug]{ xfdL ;~rfnsx?
JolQmut jf ;fd"lxs ?kdf hjfkmb]lxtf axg ub{5f}+ / lwtf]kq lgisfzgsf nflu tf]lsPsf zt{ tyf cfjZostfx?sf]
;DaGwdf cfjZos hfgsf/L lnO{ xfdL of] pb\3f]if0f ub{5f}+ ls tf]lsPsf zt{ tyf cfjZostfx? ;a} kfngf u/]sf
5f}+ / nufgLstf{x?nfO{ nufgL ;DaGwL ;';"lrt lg0f{o lng cfjZos s'g} ljj/0f, ;"rgf tyf hfgsf/Lx? n'sfPsf
5}gf}+ .
u=@=v= ;+ul7t ;+:yfsf] hjfkmb]xLtf ;DaGwL pb\3f]if0f M
o; dfof vf]nf xfO{8f« k] fj/ sDkgL lnld6]8n] k|sflzt u/]sf] ljj/0fkq, ;fj{hlgs k|:tfj, lj1fkg jf cGo s'g} ;"rgfdf
pNn]v ePsf ljj/0f afx]s o; sDkgLsf] af/]df k|sflzt cGo s'g} ;"rgf jf hfgsf/Lsf] hjfkmb]lxtf o; sDkgLdf
g/xg] / To:tf] ;"rgf, hfgsf/L jf ljj/0fsf] cfwf/df nufgL u/]df ;f]sf] hf]lvd nufgLstf{ :jo+n] axg ug'{kg]{5 .
u=@=u= lgodg lgsfosf] lgodg Joj:yfsf] kfngf ;DaGwL pb\3f]if0f M
k|rlnt sfg"g cg';f/ cfˆgf] pBf]u÷Joj;fo÷;]jf;Fu ;DalGwt lgodg lgsfo -h:t} sDkgL /lhi6«f/sf] sfof{no,
pBf]u ljefu tyf ljB't lgodg cfof]u cflb_ sf] ;fj{hlgs lgisfzg tyf cGo lgodg Joj:yf tyf lgb{]zgx?sf]
kfngf u/]sf] s'/fsf] pb\3f]if0f ub{5f}+ . ;fy} ;fj{hlgs lgisfzg k|of]hgsf] nflu tof/ ul/Psf] ljj/0fkq / ;f]df
pNn]lvt ;Demf}tf jf cGo ljj/0fx? g]kfn lwtf]kq af]8{, g]kfn :6s PS;r]~h lnld6]8df k]z u/]sf 5f}+ . o; ;+:yfn]
sDkgL /lhi6«f/sf] sfof{nodf cfly{s jif{ @)&&÷&* ;Ddsf] ljj/0fx? k]z u/]sf] x'gfn] pQm cfly{s jif{;Dd o;
;+:yf sDkgL /lhi6«f/sf] sfof{nodf cBfjlws /x]sf] Aoxf]/f sDkgL /lhi6«f/sf] ldlt @)&*÷)(÷@@ ut]sf] kqaf6
:ki6 x'G5 . o; sDkgLn] ljB't lgodg cfof]uaf6 k|fylds z]o/ lgisfzgsf] nflu ldlt @)&^÷)(÷@% ut] k"j{
:jLs[lt ;d]t k|fKt ul/;s]sf] 5
u=@=3= ;+:yfks, ;~rfns tyf sfo{sf/L k|d'v ;DaGwL pb3f]if0f M
-!_ o; sDkgLsf ;+: yfks, ;~rfns jf sfo{sf/L k|d'v shf{ ;"r gf s]Gb|s f] sfnf] ;"rLdf /x]sf 5}gg\ .
-@_ o; sDkgLsf ;~rfns jf sfo{sf/L k|d'v sfnf] ;"rLdf /x]sf] cGo ;+ul7t ;+:yfdf ;~rfns jf sfo{sf/L
k|d'v /x]sf 5}gg\ .
-#_ ;fj{hlgs lgisf;g dfkm{t ;j{;fwf/0faf6 k"FhL ;+sng u/L a]kQf ePsf jf ;+rfngdf g/x]sf jf nufgLstf{x?sf]
lxt ljk/Lt x'g] sfo{ u/]sf] ;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v o; ljQLo ;+:yfsf] ;~rfns jf
sfo{sf/L k|d'v 5}gg\ .
-$_ lwtf]kq ;DaGwL sfg"g ljk/Lt sfo{ u/]sf] sf/0f lwtf]kq ahf/ jf lwtf]kq Joj;foLsf] cg'dltkq vf/]h ePsf]
bz jif{ k"/f gePsf] ;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v o; ;+:yfsf]] ;~rfns jf sfo{sf/L k|d'v
5}gg\ .
-%_ o; sDkgLsf]] ;~rfns jf sfo{sf/L k|d'v lwtf]kq ;DaGwL P]gsf] bkmf !)* adf]lhd ;~rfns jf sfo{sf/L
k|d'v x'g cof]Uo /x]sf 5}gg\ .
u=#= ;+ul7t ;+:yf ;DaGwL hfgsf/L M
u=#=s= ;+ul7t ;+:yfsf] k[i7e"ld M
-s_ ;+:yfsf] gfd M dfof vf]nf xfO{8 «f]kfj/ sDkgL lnld6]8 (Maya Khola Hydropower Company Limited)
-v_ ;+:yf s'g P]g cGtu{t :yflkt ePsf] ;f] s'/f M sDkgL P]g, @)^# cGtu{t :yflkt .
-u_ ;+:yfsf] /lhi68{ 7]ufgf M o; sDkgLsf] /lhi68{ sfof{no sf7df08f}+ lhNnf, sf7df08f}+ dxfgu/kflnsf j8f g+
$ w'Daf/fxL /x]sf] 5 . ;DalGwt lgsfodf cfjZostfg';f/ :jLs[tL lnO{ cGo 7fpFdf klg zfvf sfof{no vf]Ng
;lsg]5 .
-3_ hnljB't s]Gb| M o; sDkgLsf] hnljB't pTkfbg s]Gb| ;+v'jf;ef, wd{b]jL g=kf=, j8f g= $ df /x]sf 5g\ .
-ª_ ;+u l7t ;+: yfsf] :yfkgfsfnb]l v xfn;Ddsf] ;+l IfKt Oltxf; / ;+ u l7t ;+ : yfsf] d'V o p2]Z ox? M
sDkgLsf] :yfkgf sfn b]lv xfn;Ddsf] ;+lIfKt Oltxf; b]xfo adf]lhd /x]sf] 5 M
!= g]kfndf /x]sf] ckf/ hn>f]tsf] pkof]u u/L hnljB't cfof]hgfx?sf] klxrfg u/L ;+efJotf cWoog, lgdf{0f /
;+rfng ug]{ x]t'n] lghL If]qsf pBdLx? ldn]/ ldlt @)^&÷)@÷!$ df g]kfn ;/sf/ sDkgL /lhi6«f/sf] sfof{nodf
dfof vf]nf xfO8«f]kfj/sf] gfddf k|fOe]6 lnld6]8 sDkgLsf] ?kdf btf{ eO{ sf/f]af/ ;+rfng ub{} cfPsf] lyof] .
o; sDkgLdf cfof]hgf k|efljt If]q -pBf]u k|efljt If]q_sf afl;Gbf tyf ;j{;fwf/0fx?sf] hg;xeflutf la:tf/
@
ug]{ x]t'n] ldlt @)&#÷)*÷!& df klJns lnld6]8 sDkgLdf kl/0ft eO{ dfof vf]nf xfO8«fk] fj/ sDkggL lnld6]8sf]
gfddf sf/f]af/ ;+rfng ub{} cfPsf] sDkgL xf] . sDkgLn] cfˆgf] cfof]hgfaf6 pTkflbt ljB't lalqm ug]{ k|of]hgsf
nflu g]kfn ljB't k|flws/0f;+u ljB't vl/b laqmL ;Demf}tf (PPA) ubf{ Take or Pay k|fjwfgdf cfwfl/t eO{ ul/Psf]
5.
@= xfn o; sDkgLdf !^@ hgf ;+:yfks z]o/wgLx? /x]sf 5g\ . o; sDkgLsf ;+:yfks z]o/wgLx? ljB't÷phf{,
a}+s÷ljQLo If]q Pj+ Jofkf/÷Joj;fosf] ;fy} Joj:yfkg If]qdf nfdf] ;dob]lv bVvn ePsf k|ltli7t JolQmTjx?
/x]sf 5g\ .
#= o; sDkgLn] ;+v'jf;ef lhNnfsf]] wd{b]jL gu/kflnsf l:yt dfof vf]nf hnljB't cfof]hgfaf6 !$=( d]ufjf6
hnljB't pTkfbg ug]{ p2]Zo cg'?k hnljB't cfof]hgfsf] lgdf{0f, pTkfbg tyf ;+rfng ug{ g]kfn ;/sf/ phf{,
hn;|f ]t tyf l;+r fO{ dGqfnoaf6 ldlt @)&!÷)@÷@^ df ljB't pTkfbgsf] cg'dlt k|fKt u/]s f] xf] .
$= dfof vf]nf hnljB't cfof]hgjf6 pTkfbg ul/Psf] ;a} ljB'tzlQm Psd'i6 g]kfn ljB't k|flws/0fn] vl/b ug{
dGh'/ u/L sDkgL / k|flws/0f aLr @)&) ;fn dfu{ #) ut] !$=( d]ufjf6 Ifdtfsf] ljB''t vl/b ljqmL ;Demf}tf
eO{;s]s f] 5 . ljB't pTkfbg ;'? ug'{kg]{ ldlt (RCOD) @)&^ Kff}if ! /x]sf]df o; sDkgLn] g]kfn ljB't
k|flws/0fnfO{ cg'/f]w u/] adf]lhd cfk;L ;xdtLdf ljB't pTkfbg ;'? ug'{kg]{ ldlt (RCOD) @)&( cfiff9 !^
ut] ;Dd /x]sf]df ;f] ldlt ;dfKt ePsf]n] sDkgLn] g]kfn ljB't k|flws/0fdf ljB't pTkfbg ;'? ug'{kg]{ ldlt
(RCOD) @)&( kf}if !% ut] ;Dd yk ug{sf] nflu cg'/f]w ul/Psf]df ;f] k| lqmofdf /x] sf] 5 . cg'dflgt ljB't
pTkfbg ldlt @)&( d+l;/ ! ut] /x]sf] 5 .
%= dfof vf]nf hnljB't cfof]hgf -!$=( d]=jf=_ sf] ldlt @)&!÷)@÷@^ df g]kfn ;/sf/, pmhf{ hn;|f]t tyf l;+rfO{
dGqfnoaf6 ljB't pTkfbgsf] cg'dltkq – lj=lj=lj= )&)÷&! lj=p= !@# k|fKt ePsf] xf] / pQm cg'dltkq ldlt
@!)^÷)@÷@% ut] ;Dd axfn /x]sf]n] cg'dflgt ljB't pTkfbg ldlt -@)&(, d+l;/_ af6 @^ jif{ ( dlxgf jfFsL
5.
^= o; dfof vf]nf hnljB't cfof]hgf lgdf{0f ;DkGg eO;Sbf cfof]hgfsf] s"n nfut (Interest During Construction
(IDC) ;lxt ?=# ca{ x'g] / k|lt d]ufjf6 cf};t nfut (Interest During Construction (IDC) ;lxt ?=@) s/f]8 !#
nfv x'g] cg'dfg /x]sf] 5 .
&= sDkgLn] klxrfg u/L ljsf; lgdf{0f k|f/De u/]sf] ;+v'jf;ef lhNnfsf] wd{b]jL g=kf= j8f g $ df !$=( d]ufjf6
Ifdtfsf] dfof vf]nf hnljB't cfof]hgfsf] lgdf{0f sfo{ e}/x]sf] 5 / ;Dk"0f{ lgdf{0f sfo{ ;DkGg eO{ ldlt @)&(
;fn d+l;/ ! ut] b]lv cfof]hgf ;+rfngdf cfpg]] 5 .
l;=g+= ljj/0f Dffof vf]nf hnljB't cfof]hgf
! cfof]hgf :yn ;+vj' f;ef lhNnf, wd{bj] L g=kf= j8f g+= $ d'n ;8s af6 !=% ls=ld=sf] b'/Ldf cjl:yt /x]sf] 5 . cfof]hgfsf]
;Dk"0f{ ;+/rgf ;+v'jf;ef lhNnfsf] wd{b]jL gu/kflnsf j8f g+= #, $ / % df kb{5g\ .
@ >f]t gbL Dffof vf]nf
# cfof]hgfsf] lsl;d /g ckm l/e/
$ l8hfOg l8:rfh{ $=#) So';]s
% pTkfbg x'g ] OghL{ *,!%,^%,^%$ kWH
^ cfof]hgfsf] pTkfbg Ifdtf !$=( d]ufjf6
& u|; x]8 $#&=#) ld6/
* 8fOe;{g afFw @) ld6/
( l8:ofG8LË j]l;g ^) x !@ x (=% ld6/ l;Ën j]
!) k]g:6s ^(! ld6/
!! kfj/xfp; nDafO{ #^ ld6/, rf}8fO{ !# ld6/, prfO{ (=% ld6/
!@ 6jf{Og ;+Vof @, k|lt 6jf{Og cfp6k'6 &,&%) KW
!# h]g ]/]6/ *&^% KVA Per Unit (Two Unit)
!$ cfof]hgfsf] xfnsf] cg'dflgt nfut ?=#,)),)),)),))) ÷– -IDC ;d]t_
ljB't pTkfbg cg'dlt k|fKt ldlt M @)&!÷)@÷@^ ljB't pTkfbg cg'd lt jxfn /xg] ldlt M @!)^÷)@÷@%
pTkfbg x'g] ;Defljt ldlt M @)&( ;fn d+l;/ ! hl8t Ifdtf M !$=( d]=jf .
k|;f/0f nfO{g M sDkgLn] pQm cfof]hgfaf6 pTkfbg x'g] ljB't g]=lj=k|f= sf] k|0fnLdf k|jfx u/fpg kfj/ xfp; b]vL g]=lj=k|f=sf]
lgdf{0fflw afg]Zj/ ;a–:6]zg ;Dd ## s]=eL= k|;f/0f nfO{g tyf sg]Szg KjfO{G6 Interconnection Facilities lgdf{0f u/L
hf]l8g] 5 .
cfof]hgfsf] s'n nfut M ?=# ca{ . cfof]hgfsf] k|lt d]ufjf6 nfut M ?=@) s/f]8 !# Nffv dfq .
cfof]hgfsf] ;fwf/0f nufgL lkmtf{ x'g] cjlw M &=#* jif{ . cfof]hgfsf] l8:sfp06df nufgL lkmtf{ x'g] cjlw M !&=!& jif{ .
RCOD ldlt : @)&( cfiff9 !^ ut] ;Dd /x]sf]df ;f] ldlt ;dfKt ePsf]n] sDkgLn] g]kfn ljB't k|flws/0fdf ljB't pTkfbg
;'? ug'{kg]{ ldlt (RCOD) @)&( kf}if !% ut] ;Dd yk ug{sf] nflu cg'/f]w ul/Psf]df ;f] k|lqmofdf /x]sf] .
sDkgLsf] ljlQo kl/;'rs –
cfof]hgfsf] Jofkf/Ls pTkfbg z'? x'g] jif{ nfO{ cfwf/ aif{ dfGbf nufgL lkmtf{ x'g] cjlw -Pay Back Period_ &=#* jif{ /
-Discounted Pay Back Period at 12 % Discount rate_ !&=!& jif{ / Internal Rate of Return !#=!! k|ltzt / Net
Present Value (NPV) : ? @),%&,#$,))#÷— /xg] cg'dfg /x]sf] 5 . g]kfn /fi6« a}+sn] Valuation k|of]hgsf] nflu tf]s]sf]
k|s[ofnfO{ cfwf/ dfgL sDkgLsf] tL;f}+ aif{sf] gub k|afxnfO{ Discount Rate n] efu ul/ cfpg] gub k|afxnfO{ Terminal
Value dfgL Net Present Value (NPV) tyf Internal Rate of Return (IRR) u0fgf ul/Psf] . NPV tyf IRR u0fgf ubf{
Cash Flow Basis ljlw cg'?k u0fgf ul/Psf] 5 .
#
Net Present Value (NPV) tyf Internal Rate of Return (IRR) u0fgf ljlw tyf tl/sf M
1. NPV = Net Cash In Flowt1 / (1+r)t1 + Net Cash In Flowt2 / (1+r)t2 + … Net Cash In Flowtn / (1+r)tn - Net Cash
Out Flowt0 / (1+r)t0
where,
r = Discount rate
t = Number of time periods
2. IRR= Ct - C0
(1+r) t
where,
Ct = Net cash inflow during the period t
C0= Total initial investment costs
r = Discount rate
t = Number of time periods
/sd ?= xhf/df
jif{ nufgL cfo ;+rfng tyf Joj:yfkg /f]o N6L Jofh vr{ x|f; s§L af]g; s/ cl3sf] cfDbfgL s/ s/ kl5sf] cfDbfgL gub k|jfx
a b c d e f g h i j k L= (b+f+g+k)
0 (2,326,007) (2,326,007)
¡¢.Ø¢. 2079/80 (673,993) 249,823 20,454 6,362 125,425 76,608 411 20,562 - 20,562 (451,397)
¡¢.Ø¢.2080/81 449,710 36,035 10,356 240,602 114,280 950 47,488 - 47,488 402,370
¡¢.Ø¢.2081/82 464,649 36,129 10,618 229,931 113,440 1,461 73,069 - 73,069 416,440
¡¢.Ø¢.2082/83 477,915 36,200 10,879 217,921 112,781 1,963 98,171 - 98,171 428,873
¡¢.Ø¢. 2083/84 491,182 36,242 11,141 204,404 112,262 2,493 124,640 - 124,640 441,306
¡¢.Ø¢. 2084/85 504,448 36,342 11,402 189,190 113,389 3,022 151,103 - 151,103 453,682
¡¢.Ø¢.2085/86 510,220 36,303 11,518 172,066 113,307 3,471 173,554 - 173,554 458,928
¡¢.Ø¢. 2086/87 510,220 36,216 11,518 152,794 112,931 3,858 192,903 - 192,903 458,628
¡¢.Ø¢. 2087/88 510,220 36,082 11,518 131,102 112,634 4,292 214,592 - 214,592 458,328
¡¢.Ø¢.2088/89 510,220 36,381 11,518 106,688 112,400 4,769 238,463 - 238,463 457,552
¡¢.Ø¢. 2089/90 510,220 35,737 11,518 79,210 114,116 5,287 264,353 26,435 237,917 431,243
¡¢.Ø¢. 2090/91 510,220 35,415 11,518 48,283 114,211 5,898 294,895 29,490 265,406 427,900
¡¢.Ø¢.2091/92 510,220 34,828 11,518 15,849 113,974 6,550 327,501 32,750 294,751 424,574
¡¢.Ø¢. 2092/93 510,220 34,744 11,518 - 113,787 6,866 343,304 34,330 308,974 422,761
¡¢.Ø¢. 2093/94 510,220 35,040 11,518 - 113,641 6,863 343,158 34,316 308,842 422,483
¡¢.Ø¢. 2094/95 510,220 35,425 65,039 - 116,088 5,758 287,909 57,582 230,327 346,415
¡¢.Ø¢. 2095/96 510,220 35,714 65,039 - 116,239 5,750 287,479 57,496 229,983 346,221
¡¢.Ø¢. 2096/97 510,220 36,002 65,039 - 116,045 5,748 287,386 57,477 229,908 345,954
¡¢.Ø¢. 2097/98 510,220 36,290 65,039 - 115,894 5,745 287,251 57,450 229,801 345,695
¡¢.Ø¢. 2098/99 510,220 36,579 65,039 - 115,776 5,742 287,083 57,417 229,667 345,443
¡¢.Ø¢. 2099/00 510,220 36,959 65,039 - 119,855 5,654 282,713 56,543 226,170 346,025
¡¢.Ø¢. 2100/01 510,220 37,236 65,039 - 120,023 5,646 282,276 56,455 225,821 345,844
¡¢.Ø¢. 2101/02 510,220 37,512 65,039 - 119,845 5,644 282,180 56,436 225,744 345,588
¡¢.Ø¢. 2102/03 510,220 37,790 65,039 - 119,705 5,641 282,044 56,409 225,636 345,341
¡¢.Ø¢. 2103/04 510,220 38,067 65,039 - 119,597 5,638 281,879 56,376 225,503 345,100
¡¢.Ø¢. 2104/05 510,220 38,345 65,039 - 119,512 5,634 281,690 56,338 225,352 344,863
¡¢.Ø¢. 2105/06 450,812 38,564 59,099 - 110,256 4,763 238,130 47,626 190,504 300,761
Net Present Value (NPV) Rs ‘000 205,734
Internal Rate of Return (IRR) 13.11%
B/C Ratio / Profitability Index 1.08
$
(= cfof]hgfsf] ljleGg sfo{x?sf] k|ult ljj/0f M
cfof]hgfsf] ef}lts k|ultsf] ljj/0f ldlt @)&( ebf} !% ut] ;Ddsf] ljj/0f lgDg cg';f/ /x]sf] 5 .
ljj/0f dfof vf]nf hnljB't cfof]hgf
sfo{ k|ult k|ult Ü
!= hUuf k|flKt ;DkGGf !))
@= lj:t[t l8hfOg ;DkGGf !))
#= k"jf{wf/ sfo{
#=! k|j]z dfu{ ;DkGGf !))
#=@ lgdf{0f phf{ ;DkGGf !))
#=# c:yfoL lzlj/ / sfof{no ;DkGGf !))
#=$ :yfoL lzlj/ ;DkGGf !))
$= l;len sfo{x?
$=! kl/rfng ;DkGGf !))
$=@ 7]s]bf/ lzlj/ ;DkGGf !))
$=# x]8 sfo{ j]O/ / cG8/:n'O; ;DkGGf !))
$=$ x]8 sfo{ OG6]s u|fen6«ofk / ck|f]r Sofgn ;DkGGf !))
$=% ;]6lnË j]l;g ;DkGGf !))
$=^ x]8/]; kfOk lgdf0f{ sfo{ hf/L (&
$=& k]g:6s kfOk sl/j *)Ü sfo{ ;DkGGf *$
$=* ;h{ kfOk lgdf0f{ sfo{ hf/L ($
$=( phf{u[x / 6]n/]; sl/j (( Ü sfo{ ;DkGGf ((
$=!) l:jrof8{ sl/j &%Ü sfo{ ;DkGGf &%
%= On]S6«f] d]sflgsn sfo{ h8fg sfo{ hfl/ sl/j (%Ü sfo{ ;DkGGf (%
^= xfO{8«f] d]sflgsn sfo{ lgdf0f{ sfo{ hf/L (%
&= k|zf/0f nfO{g sl/j (*Ü sfo{ ;DkGGf ((
*= ;'?Ë lgdf{0f sfo{ sl/j ((Ü sfo{ ;DkGGf ((
hDdf ef}lts k|ult (^
;du|df cfof]hgfsf] sfo{ k|ult (^Ü ;DkGg eO;s]sf] .
!)= kl/of]hgfsf] xfnsf] cj:yf M dfof vf]nf hnljB't cfof]hgfsf] (^Ü k|ltzt sfo{ ;DkGg eO{;s]sf] / xfn cfof]hgf lgdf{0fsf]
clGtd r/0fdf /x]sf] 5 .
!!= kl/of]hgfsf]] IRR k|If]lkt lgDgfg';f/ u0fgf ul/Psf] 5 M
s_ OlSj6L IRR M o; ljlwdf, C0fsf] nfut / C0f e'QmfgLnfO{ e'QmfgL ePsf] ;dodf alx{udgsf] ?kdf lnOPsf] 5 eg]
cf=a= @)&*.&( ;Ddsf] OSjL6LnfO{ u0fgf cjlwsf] ;'?df alx{udg tyf cf=a= @)&(.*) sf] OSjL6LnfO{ aif{ Pssf]
alx{udg ?kdf lnOPsf] 5 .
v_ k|f]h]S6 IRR M o; ljlwdf, kl/of]hgfsf] nfutnfO{ gub alx{udg dflgPsf] 5 eg] C0fsf] nfut tyf C0f e'QmfgLnfO{
gub alx{udg dflgPsf] 5}g .
u_ IRR @^ jif{ & dlxgf ;Ddsf] gub k|jfx ljrf/ u/L u0fgf ul/Psf] 5 .
3_ cg'dflgt kl/of]hgf nfut ?=#)) s/f]8df cf=a= @)&*.&( ;Ddsf] kl/of]hgf C0f tyf OSjL6L, u0fgf cjlwsf] ;'?df
alx{udg tyf @)&(÷*) sf] /sdnfO{ jif{ alx{udg dflgG5 .
!@= NPV k|If]lkt lgDgfg';f/ u0fgf ul/Psf] 5 M
s_ of] cg'dfg ul/Psf] 5 ls jt{dfg ;DklQx? Kfl/of]hgf cjlwsf] cGTodf k|of]u of]Uo x'G5g\ o¢kL To:tf ;DkQLsf] lg;u{
k|aGwn] kl/of]hgfsf] Pglkledf s'g} vf; k|efj kfb{}g .
v_ ?= #)) s/f]8sf] cg'dflgt kl/of]hgf nfutdf cf=a= @)&*.&( ;Ddsf] kl/of]hgf C0f tyf OSjL6L, u0fgf cjlwsf]
;'?df alx{udg tyf @)&(÷*) sf] /sdnfO{ jif{ alx{udg dflgG5 .
sDkgL / g]kfn ljB't k|flws/0f aLr ;DkGg ljB't v/Lb–laqmL ;Demf}tfsf] d'Vo–d'Vo aF'bfx¿ lgDg adf]lhd /x]sf 5g\ .
s= dfof vf]nf hnljB't cfof]hgf af6 jflif{s *!,%^%,^%$ KWh (Kilo Watt) 306f ljB't pTkfbg tyf laqmL ul/g]
s'/f dfl;s phf{ pTkfbg tflnsfdf tf]lsPsf] 5 . dfof vf]nf hnljB't cfof]hgfdf jiff{ ofdsf cf7 dlxgfsf] nflu
^(,@!),##) kWh 306f / ;'Vvfofdsf rf/ dlxgfsf nflu !@,#%%,#@$ kWh kWh 306f lgwf{/ 0f ul/Psf] 5 .
OghL{ tflnsf
PPA 14.9 MW
Table I
14.90 tf]lsPsf] 6jf{Og Ifdtf 91.0%
:yfkgf Ifdtf (kW)
(Rated Turbine Efficiency)
4.30 tf]lsPsf] h]g]/]6/ Ifdtf 96.5%
l8hfOg l8:rfh{ (m3/s)
(Rated Generator Efficiency)
Go"gtd l/nLh (m3/s) 0.114 tf]lsPsf] 6«fG;kmd{/ Ifdtf 99.0%
(Rated Transformer Efficiency)
s'n Head (m) 437.3 ;+o'Qm Ifdtf (Combined Efficiency) 86.94%
Outage + Losses +Self Consumption (%) 5%
%
/sd ?= xhf/df
ljB't pTkfbgsf] ljB't pTkfbgsf] Net Head cf}i ft kfj/ clwstd dfl;s kfj/ Generation before Outage Including phf{ ;Demf}tf
dlxgf hDdf lbg
nflu gbL (m3/sec) nflu l8:rfh{ (m3/sec) (m) (KW) (KW) Monthly Outage & Losses (kWh) Losses (kWh) (Kwh)
A B C D E E1 F G H=F-G
a}zfv 31 3.45 2.33 428.52 8,523 13,633 6,340,908 317,045 6,023,863
h]i7 31 2.92 2.81 425.37 10,183 14,751 7,575,892 378,795 7,197,097
cfiff9 32 5.96 4.30 411,70 14,751 14,751 11,328,768 566,438 10,762,330
>fj0f 31 8.48 4.30 144,70 14,751 14,751 10,974,744 548,737 10,426,007
efb| 31 7.53 4.30 144,70 14,751 14,751 10,974,744 548,737 10,426,007
cflZjg 31 5.53 4.30 411,70 14,751 14,751 10,974,744 548,737 10,426,007
sflt{s 30 3.72 3.6 418,79 12,827 14,751 9,267,190 463,359 8,603,830
d+l;/ 29 2.24 2.12 429,71 7,782 14,751 5,415,989 2,70,799 5,145,190
kf}if 30 1.64 1.52 432.54 5,615 8,610 4,042,781 202,139 3,840,642
df3 29 1.32 1.21 433.64 2,537 8,161 3,108,038 155,402 2,952,637
kmfNu'0f 30 1.14 1.03 434.17 3,797 9,532 2,733,542 136,677 2,596,865
r}q 30 1.29 1.17 433.75 4.335 10,194 3,121,243 156,062 2,965,181
hDdf
Gff]6 M
!_ o; 6]andf lbOPsf] eGbf km/s lbg ;+Vof k/]sf dlxgfx?df o; 6]ansf] cfwf/df lg:sg] k|lt lbgsf] sG6«fofS6 OghL{n]
dlxgfsf] jf:tljs lbg ;+VofnfO{ u'0ff u/L ;f] dlxgfsf] sG6«fofS6 OghL{ lgwf{/0f ul/g]5 .
@_ ;Demf}tfsf] a'+bf #*=!* df Joj:yf eP cg';f/ Jofkfl/s pTkfbg (COD) ePsf] k|To]s % jif{ k"/f eP kl5 k|To]s dlxgfsf]
sG6«fofS6 OghL{ (Total Contract Energy) kl/jt{g ug{ l;sg]5 .
Table III
;'Vvf ofdsf] s"n OghL{(kWh) 12,355,324
aiff{ ofdsf] s"n OghL{ (kWh) 69,210,330
hDdf (kWh) 81,565,654
v= ljB't vl/b laqmL ;Demf}tfdf pNn]lvt xhf{gf ;DaGwL Joj:yf tyf cGo d"Vo a'Fbf M
ljB't vl/b laqmL ;Demf}tfdf pNn]lvt xhf{gf ;DaGwL Joj:yf tyf cGo d"Vo a'FbfM sDkgLn] ljB't s]Gb|af6
pTkfbg x'g] ljB't zlQm lgwf{l/t 8]lne/L KjfO06;Dd k'¥ofpgsf] nflu k|flws/0fnfO{ dfGo x'g] vfnsf] lgdf{0f,
Joj:yf Pj+ kl/If0fsf] sfo{ ;DkGg ul/ Jofkfl/s pTkfbg z'? ug'{ kg]{ ldlt (Required Commercial
Operation Date) ;Dddf Jofkfl/s pTkfbg z'? x'g] ldlt (Commercial Operation Date) kg]{ u/L
cfof]hgfsf] lgdf{0f tyf kl/If0fsf] sfo{ ;DkGg ug'{ kg]{5 . sfj'aflx/sf] kl/l:yltdf afx]s sDkgLaf6 x'g'kg]{
pk/f]Qm sfo{x? ;dod} ;DkGg x'g g;ls Jofkfl/s pTkfbg z'? ug'{kg]{ ldlt (Required Commercial
Operation Date) eGbf ^ dlxgf k/ ;Dd Jofkfl/s pTkfbg z'? x'g] ldlt (Commercial Operation
Date) gk/]df sDkgLn] k|flws/0fnfO{ xhf{gf ltg'{ kg]{5 . ;fy} k|flws/0fn] klg sDkgLaf6 cfk'lt{ x'g] ljB't
zlQm lngsf] nlfu k|flws/0faf6 x'g' kg]{ sfo{x? ;do leq k'/f u/L ;Sg' kg]{5 . ;dod} cfof]hgfsf] lgdf{0f
Pj+ cGo cfjZos sfo{ ;DkGg u/L cfof]hgaf6 Jofkfl/s pTkfbg z'? x'g] egL sDkgLn] ;"rgf lbO;s] kl5
;fO6sf] ;+o'Qm gfkhfFraf6 pks/0fx?sf] k|fljlws l;dfleq /xL ul/Psf s_ cfof]jhgfn] ;DkGGf u/]sf] Dry
Tests sf glthfx?sf] cWoog tyf k|df0fLs/0 v_ Blacl Start k/LIf0f tyf u_ pknAw nf]8 ;Ddsf] k|fljlws
tj/n[ ;Dej x'g] cjwL;Ddsf] off Grid Mode Operation Test af6 Jof]xf/f l7s 7xl/Pdf aflx/sf]
kl/l:yltdf afx]s k|f lws/0fsf] sf/0fn] cfof]hgfaf6 Jofkfl/s pTkfbg z'? ug'{ kg]{ ldlt (Required
Commercial Operation Date) eGbf ^ dlxgf k/ ;Dd Jofkfl/s pTkfbg z'? ;Dd Jofkfl/s pTkfbg
z'? x'g g;s]df k|flws/0fn] sDkgLnfO{ xhf{gf ltg'{ kg]{5 M
-!_ k|flws/0fn] sDkgLnfO{ ltg{' kg{] xhf{gf /sd Ö
)=$% x sG6«ofS6 OghL{sf] cfwf/df u0fgf ubf{ cfpg] Jofkfl/s pTkfbg z'? ug{' kg{] ldlt eGbf ^ dlxgf k/
sf] ldlt aLrsf] lbg cGt/sf] cjwLsf] phf{ x Jofkfl/s pTkfbg z'? x'g] ldlt (COD) df nfu" x'g] v/Lb b/
jf C0f ;Demf}tf cg';f/ pSt cjwLsf] Aofh dfq ltg{sf nflu k'Ug] /sd dWo] h'g 36L x'G5
t/ COD gePklg k|flws/0fn] j}slNks k|0ffnL dfkm{t cf+lzs dfqfdf ljB't l8:Kofr u/L lnPdf o;/L ;KnfO
ePsf] phf{s f] aLn e'S tflg ePsf] /sd s§f u/L dfq k| flws/0fn] sDkgLnfO xhf{ g f ltg{' kg{]5 .
-@_ sDkgLn] k|flws/0fnfO{ ltg{' kg{] xhf{gf /sd Ö
)=@* x sG6«ofS6 OghL{sf] cfwf/df u0fgf ubf{ cfpg] Jofkfl/s pTkfbg z'? ug{' kg{] ldlt eGbf ^ dlxgf k/
sf] ldlt b]lv Jofkfl/s pTkfbg z'? x'g] ldlt aLrsf] lbg cGt/sf] cjwLsf] phf{ x Jofkfl/s pTkfbg z'? x'g]
ldlt (COD) df nfu" x'g] v/Lb b/ jf C0f ;Demf}tf cg';f/ pSt cjwLsf] Aofh dfq ltg{sf nflu k'Ug] /sdaf6
)=!& x sG6«ofS6 OghL{sf] cfwf/df u0fgf ubf{ cfpg] Jofkfl/s pTkfbg z'? ug{' kg{] ldlt eGbf ^ dlxgf k/
sf] ldlt b]lv Jofkfl/s pTkfbg z'? x'g] ldlt aLrsf] lbg cGt/sf] cjwLsf] phf{ x Jofkfl/s pTkfbg z'? x'g]
ldlt (COD) df nfu" x'g] v/Lb b/ 36fpFbf x'g cfpg] /sd dWo] h'g 36L x'G5 .
k|flws/0fn] lng' kg{] o:tf] xhf{gf /sd ljB't v/Lb jfkt k|flws/0fn] sDkgLnfO{ e'StfgL ug{' kg{] /sdaf6
^
s§f u/L lng ;lsg] 5 . t/ o;/L s§f ubf{ k|flws/0fn] sDkgLnfO{ dlxgf dlxgfsf] ljB't v/Lb jfkt e'Stflg
ug{' kg{] /sdsf] krf; k|lt;t eGbf al9 gx'g] u/L ls:tfalGbdf klxnf] lan b]lv o:tf] xhf{gf k'/f c;'n geP;Dd
s§f ub{} hfg]5 .
k|flws/0fn] xhf{gf ltg{' kg{] cj:yfdf klg xhf{gf ltg{' kg{] 7x/ ePsf] /sd k|flws/0fsf] sf/0fn] cfof]hgfaf6
Jofkfl/s pTkfbg tf]lsPsf] ;dodf x'g g;s]sf] ldlt b]lv g} sDkgLn] q}dfl;s ?kdf aLn p7fpg]5 / sDkgLsf]
q}dfl;s aLn cg';f/sf] /sd sDkgLsf] klxnf] aLn b]lv pQm xhf{gf pQm xhf{gf k'/f c;'n geP;Dd e'StfgL
ul/g]5 .
sG6«ofS6 OghL{sf] jf Availability Declearation sf] cfwf/df u0fgf x'g] dfl;s phf{ dWo] h'g 36L 5
;f] sf] *) -c;L_ k|ltzt eGbf sd gx'g] u/L k|To]s dxLgf sDkgLn] cfof]hgfaf6 ljB't pTkfbg u/L k|flws/0fnfO{
ljB't cfk"lt{ ug'{ kg]{5 . k|flws/0fsf] sf/0f jf Schedule Outage jf cfsl:ds dd{t ;Def/ jf sfj" jflx/sf]
kl/l:ytLsf] sf/0f afx]s cGo sf/0fn] o;/L tf]lsPsf] kl/df0f ;Ddsf] ljB't sDkgLn] cfk"tL{ ug{ g;s]df jf
gu/]df lgDg z'q cg';f/ sDkgLn] k|flws/0fnfO{ IftLk"tL{ :j?k /sd e'QmfgL ug'{kg]{5 . Ifltk"lt{ /sd ?=-)=*
x ;f] dlxgf sDkgLaf6 k|flws0fnfO{ cfk"lt{ ug'{kg]{ j9Ldf sG6«ofS6 OghL{ ;Ddsf] Availability Declaration
cg';f/sf] ljB't phf{ — ;f]xL dlxgfdf sDkgLn] pknAw u/fPsf] phf{ - ;f]xL cjlwdf k|flws/0fsf] sf/0fn] jf
Scheduled outage jf cfsl:ds dd{t ;Def/ jf sfj" jflx/sf] kl/l:ytLsf] sf/0fn] cfof]hgfaf6 pknAw
x'g g;s]sf] phf{_ x ;f] dlxgfsf] k|lt lsnf]jf6 306f ljB't phf{ vl/b b/ /x]sf], o;/L lx;fj ubf{ Ifltk"lt{
/sd C0ffTds ePdf Ifltk'lt{ /sdnfO{ z"Go dflgg]5 . Ifltk"lt{ /sd ljn /sd eGbf a9L ePdf ljn /sd
eGbf a9L ePsf] Ifltk'lt{ /sd sDkgLn] k|flws/0fnfO{ ltg'{kg]{ 5}g . o:tf] Ifltk'lt{ /sd k|flws/0fn] lansf]
e'QmfgL lbFbf s§f ug{ ;Sg]5 .
u= k|flws/0fn] Jofkfl/s pTkfbg z'? x'g] ldltb]lv x/]s jif{ sDkgLnfO{ k|flws/0fn] lgDg adf]lhd d"No
j[l4 b/ tf]s]sf] 5 . lkn'jf vf]nf hnljB't cfof]hgfaf6 pTkfbg u/L pknAw u/fPsf] sG6«ofS6
OghL{sf] kl/df0f;Ddsf] phf{ v/Lb jfkt jiff{ ofddf k|lt ls=jf= 306f ?=$=*) -cIf/]lk ?=rf/ ?k}+of
c;L k};f dfq_ / ;'Vvf ofddf k|lt ls=jf= 306f ?=*=$) - cIf/]lk ?=cf7 ?k}+of rfln; k};f dfq_
ljB't v/Lb b/n] x'g cfpg] /sd sDkgL jf bkmf #$ cg';f/sf] cu'jf a}+s jf ljQLo ;+:yfnfO{ a'emfpg]
5 . ;fy} Jofkfl/s pTkfbg z'? x'g] ldlt -Commercial Operation Date_ af6 Ps jif{ k'u]sf]
dlxgfsf] nuQ} kl5sf] dlxgfb]lv nfu' x'g] u/L k|To]s jif{sf] nflu # -tLg_ k|ltztsf b/n] d"Noj[l¢
lgDg tflnsf cg';f/ ljB't phf{ v/Lb b/ sfod ul/Psf] 5 .
!$=( d]=jf= Ifdtfdf k|fKt ePsf] d"No j[l¢
cjlw ;'Vvf ofd jiff{ ofd
Jofkfl/s pTkfbg z'? x'g] ldlt -kf}if b]lv r}q ;Dd_ -j}zfv b]lv dfu{;Dd_
(COD) af6 Ps jif{ k'us ] f] dlxgfsf] nut} kl5sf] -?= k|lt o'lg6_ -?= k|lt o'lg6_
dlxgfb]lv nfu' x'g] ul/
klxnf] dlxgf b]lv !@ cf}+ dlxgf;Dd *=$) $=*)
!# cf}+ dlxgf b]lv @$ cf}+ dlxgf;Dd *=^% $=($
@% cf}+ dlxgf b]lv #^ cf}+ dlxgf;Dd *=() %=)(
#& cf}+ dlxgf b]lv $* cf}+ dlxgf;Dd (=!^ %=@#
$( cf}+ dlxgf b]lv ^) cf}+ dlxgf;Dd (=$! %=#*
^! cf}+ dlxgf b]lv ;Demf}tfsf] cjlw ;Dd (=^^ %=%@
Gff]6 M sDkgLsf] ljQLo kl/;'rs NPV = ? @),%&,#$,))#, IRR = !#=!!%
sDkgLsf] k|aGwkqsf] bkmf $ df pNn]v eP cg';f/ sDkgL sfg'g tyf cGo k|rlnt sfg'gsf] clwgdf :jLs[tL
lng' kg] { eP ;DalGwt lgsfosf] :jLs[ l t ;d] t lnO{ o; sDkgLsf] p2]Z o b] xfo adf] l hd x'g ]5 M
-s_ b]zsf ljleGg glb gfnfx?df hnljB't cfof]hgf ;~rfng ug]{ ljB't pTkfbg ug]{, ljt/0f tyf k|;f/0f ug]{ .
-v_ ;~rfng eO{ /x]sf ljB't cfof]hgfx? jf ;~rfng x'g g;ls aGb x'g k'u]sf ljB't cfof]hgfx? lnhdf jf 7]Ssfdf
lnO{ ;~rfng ug]{ u/fpg] .
-u_ ljBlto ;]jf k|fKt ug{ g;s]sf] hg;d'bfox? nfelGjt x'g] u/L ;fgf tyf demf}tf hnljB't cfof]hgfx? ;~rfng
ug]{ u/fpg] .
-3_ ljB't k|;f/0f nfO{g lgdf{0f ug]{ tyf lnhdf lng] lbg] .
-ª_ ;fd'bflos ljB'lts/0f ug]{ u/fpg] .
-r_ ljB'taf6 ;~rflnt oftfoftsf ;fwg, >f]tsf] lgdf{0f tyf ;~rfng ug{ ;Sg] .
-5_ s'g} klg ufpF tyf gu/kflnsfdf vfg]kfgL cfof]hgf ;~rfng ug]{ u/fpg] .
-@_ sDkgLn] pkbkmf -!_ adf]lhdsf] p2]Zo sfof{Gjog ug{ k|rlnt sfg"g adf]lhd ;DalGwt lgsfoaf6 cg'dlt jf
Ohfht k|fKt ug'{ kg]{ ePdf ;f] k|fKt ePkl5 dfq sfof{Gjog ul/g]5 .
-#_ pkbkmf -!_ df pNn]lvt p2]Zosf] ;DaGwdf cg'dlt jf Ohfht k|fKt u/]sf] kGw| lbg leq To:tf] cg'dlt jf
Ohfhtkqsf] k|ltlnlk sfof{nodf k]z ul/g]5 .
&
r_ ;+ul7t ;+:yfsf] s'g} ;xfos sDkgL ePdf ;f] ;xfos sDkgLsf] gfd, Oltxf; / To;sf d'Vo p2]Zox?sf ;fy}
To;df ePsf] nufgLsf] c+z -k|ltztdf_ M ;f] gePsf] .
5_ b]xfosf s'/fx? ;d]t pNn]v ug'{ kg]{ -nfu' x'g] xb;Dd_ M
!_ sDkgLn] pTkfbg ug]{ j:t' jf k|bfg ug]{ ;]jfx? M hnljB't cfof]hgfsf] cWoog, lgdf{0f, k|;f/0f, ;+rfng / Joj:yfkg
ug]{ .
@_ k|of]u ePsf] jf ul/g] ljlw M hn;|f]taf6 hnljB't pTkfbg ug]{ .
#_ s'g} a|fG8g]d, k|ltlnlk clwsf/, 6«]8dfs{, Ohfhtkq, k|fljlws ;xof]u ;Demf}tf / ;+ul7t ;+:yf;Fu ;DalGwt af}l4s
;DklQ xs clwsf/ M gePsf] .
$_ ;+ul7t ;+:yfn] cf]u6]sf] ahf/ If]q M pTkflbt ljB't /fli6«o ljB't k|0ffnL dfkm{t g]kfn ljB't k|flws/0fnfO{ laqmL
ug]{ .
%_ gofF pTkfbg tyf ;]jf ;DaGwL of]hgfM yk gofF hnljB't cfof]hgfx?sf] ljsf; ug]{ .
^_ pTkfbg tyf ;]jfsf] k|d'v ahf/ / To;sf] dfu / laqmL ljt/0fsf] tl/sf M ljB't v/Lb laqmL ;D´f}tf cg';f/
g]kfn ljB't k|flws/0fnfO{ ljB't laqmL ug]{ ;fy} g]kfn ljB't k|flws/0f;Fu ljB't vl/b ;Demf}tfdf ePsf] d'Vo
d'Vo a'bfFx? M
s_ g]k fn ljB't k|f lws/0f;+ u cfof]h gf ;+r fngsf] ;xhtfsf nflu ;dGjo ;ldlt u7g u/L sfo{ u g]{ .
v_ dfof vf]nf hnljB't cfof]hgfaf6sf] ljB't vl/b laqmL b/ ljB't vl/b laqmL ;Ddmf}tfsf] aiff{df $=*) ?k}of /
lxpFbdf *=$) ?k}of sfod ePsf] 5 .
u_ sDkgLsf] sG6«ofs OghL{ jflif{s dfof vf]nf hnljB't cfof]hgfaf6 jflif{s 81,565,654 kWh 306f /x]sf]
5.
&_ pTkfbg÷;+rfng Ifdtf / ;f] sf] pkef]u l:ylt M dfof vf]nf hnljB't cfof]hgf -!$=( d]ufjf6_ Ifdtfsf] hnljB't
s]Gb| lgdf{0f sfo{ eO{ /x]sf] 5 .
*_ sRrf kbfy{ s f] >f] t , lsl;d / pknAwtf M dfof vf] n faf6 k| f s[ l ts axfjdf cfwfl/t kfgL .
(_ u'0f lgoGq0fsf nflu ul/Psf] Joj:yfM hnljB't ;+/rgf / ljB't pks/0fx? pko'Qm cj:yfdf /fVg cfjZos Joj:yf
ul/Psf] 5 . o; cfof]hgfsf] ;Dk"0f{ ;+/rgf h:t} Hydro-Mechanical Works, Electro-Mechanical
Works, Headworks, Powerhouse, Transmission Line, Machinary Breakdown and Loss
of Profit nufotsf s'/fnfO{ dWogh/ u/L Insurance ul/Psf]/ul/g] 5 ;fy} Repair and Maintance sf]
nflu klg ;f]xL cg';f/ Joj:yfkg ul/Psf] 5 .
!)_ cg';Gwfg tyf ljsf; M gofF cfof]hgfx?sf] cWoog, ljZn]if0f Pj+ ljsf; sfo{sf] nflu sDkgLn] pko'Qm hn;|f]tsf]
vf]hL ul//x]sf] 5 .
!!_ ljut !@ dlxgfsf] cjlwdf ;+:yfsf] ;+rfngdf c;/ kg]{u/L ePsf] afwf, Jojwfg M
!= ljZjdf dxfdf/L /f]usf] ?kdf km}lnPsf] Covid-19 sf] sf/0fn] g]kfn ;/sf/sf] ns8fpgsf] ;dodf sd{rf/L
tyf :yflgo afl;Gbfx?sf] cg'/f]w adf]lhd s]xL ;do cfof]hgf eO{/x]sf] ef}lts sfo{sf :yug eO{ sfddf cj/f]w
x'g k'Uof] . ;fy} ;f] ;dodf sfo{:yndf sfd ug]{ sd{rf/Lx?sf] ;+Vofdf ;d]t sdL eO{ ef}lts k|ultsf] sfo{sf]
u0fgfdf a[l4 x'g ;d]t g;s]sf]
@= sd{rf/L tyf sfdbf/sf] :jf:Yodf ;d:of cfpg ;Sg] ePsf]n] s]lx ;do cfof]hgfsf] lgdf{0f sfo{ ;'rf? ug{
g;s]sf] .
#= ;dod} dfn;fdfgsf] pknJwtf x'g g;s]s f] sf/0f cfof]hgf ;DkGg x'g ] cjlw / nfut j9\g uof] .
!@_ dhb'/ ;+ u7g;F usf] ;DaGw / ljutdf s'g} cf}Bf] lus ljjfb ePsf] eP, ;f];DaGwL ljj/0f M gePsf] .
!#_ ahf/, k|lt:kwf{ / cGo ;dfg pBf]ux? aLr ;+ul7t ;+:yfsf] l:ylt M Ps dfq ljB't v/Lbstf{ g]kfn ljB't k|flws/0f
/x]sf] 5 . dfof vf]nf hnljB't cfof]hgfaf6 -!$=( d]ufjf6_sf] s"n ljB't pTkfbg Ifdtf !$=( d]ufjf6 /x]sf]
x'Fbf o; cfof]hgfn] ahf/sf] s]xL c+znfO{ dfq kl/k"lt{ ug]{5 . ;fy} ljB'tsf] xfxfsf/ eO{ 7"nf] kl/df0fdf phf{sf]
dfu e}/x]sf] x'Fbf jt{dfg cj:yfdf ljB't pTkfbg ug{ ;s]df pQm ljB't laqmL ug{ ahf/sf] s'g} ;d:of g/x]sf] .
hnljB't cfof]hgfsf] nflu sRrf kbfy{sf] vf]hL tyf hu]8f ug'{ gkg]{ / pTkflbt ljB't zlQm g]kfn ljB't k|flws/0f;Fu
;Demf}t f u/L laqmL ug{ ;lsg] x'Fbf g]kfnL nufgLstf{ sf] nflu of] nfebfos / pko'Qm If]q /x] sf] 5 .
!$_ k|d'v u|fxsx?sf] ljj/0f -h:t}–;+:yfsf] s"n jflif{s sf/f]af/df !)Ü jf ;f] eGbf a9Ln] of]ubfg ug{] jf Joj;fosf]
nflu ;+ul7t ;+:yf s'g} k|d'v u|fxs;Fu lge{/ 5 eg] tt\;DaGwL ljj/0f MsDkgL / g]kfn ljB't k|flws/0f aLr
ljB't vl/b laqmL ;Demf}t f ePsf] x'Fbf sDkgLsf] k| d'v u|fxssf] ?kdf g]kfnljB't k|flws/0f /x]sf] 5 .
!%_ k|d'v ;Knfo;{x?sf] ljj/0f -h:t}–;+:yfsf] s"n sf/f]af/df !)Ü jf ;f] eGbf a9Ln] of]ubfg ug{] ;Knfo;{ jf Joj;fosf]
nflu ;+ul7t ;+:yf s'g} k|d'v ;Knfo;{;Fu lge{/ 5 eg] t\t;DaGwL ljj/0fM dfof vf]nf hnljB't cfof]hgf !$=(
d]=jf= sf nflu O{n]S6«f] d]sflgsn O{SjLkd]G6sf] ;Knfo;{, d]sfldbL PrkLkL OlG8of k|f= ln=, ef/t af6 vl/b u/L
cfof]hgfdf h8fg ug]{ u/L ;Demf}tf ePsf] 5 .
*
:yL/ ;DkQL / x|f; s6\6L
cf=j= @)&*÷&( sf] ljj/0f ?= xhf/df
ljj/0f hUuf ejg kmlg{r/ Knf06 / uf8L tyf cGo hDdf cf=j=
dl;g/Lx? cGo e]sN; ;DkQL @)&&÷&*
>fj0f !, @)&* sf] c=Nof= - - 4,515.28 11,015.04 7,993.11 84.07 23,607.50 23,540.22
o; cfly{s jif{df vl/b ePsf] - - 11.03 385.00 396.03 67.28
o; cfly{s jif{df ljqmL tyf lg;u{ ePsf] - - - - - - -
#@ cfiff9 @)&( df hDdf nfut - - 4,526.31 11,400.04 7,993.11 84.07 24,003.53 23,607.50
:yL/ ;DkQLsf]] x|f; tyf cGo gf]S;fgL
>fj0f !, @)&* sf] c=Nof= - - 2,930.61 5,726.94 4,713.92 39.87 13,411.33 11,114.86
o; cfly{s jif{df ePsf] x|f; /sd - - 398.93 850.97 655.84 16.81 1,922.54 2,296.47
cGo sf/0faf6 ePsf] Iflt - - - - - - -
o; cfly{s jif{df ljqmL tyf lg;u{ ePsf] - - - - - - -
#@ cfiff9 @)&( df hDdf x|f; /sd - - 3,329.53 6,577.91 5,369.76 56.68 15,333.88 13,411.33
:yL/ ;DkQLsf] jf+sL nut
! >fj0f @)&* df ePsf] jf+sL nfut - - 1,584.67 5,288.10 3,279.19 44.21 10,196.16 12,425.36
#@ cfiff9 @)&( df ePsf] af+sL nfut - - 1,196.78 4,822.13 2,623.35 27.39 8,669.65 10,196.16
lgdf{0fflwg kl/of]hgfsf] vr{ ljj/0f -Capital Work in Progress_
cf=j= @)&*÷&( sf] ljj/0f -?= xhf/df_
l;=g+= ljj/0f /sd
!= hUuf k|flKt tyf hUuf lasf; 17,019.99
@= l;len sfo{x? 1,055,782.09
#= OGEof/f]d]G6n ldl6u];g 31,882.06
$= k"jf{wf/ sfo{ 57,027.22
%= xfO{8«f] d]sflgsn sfo{ 404,110.06
^= On]S6«f] d]sflgsn sfo{ 361,544.62
&= kl/of]hgf lgl/If0f tyf Aoj:yfkg vr{ 120,752.27
*= ljdf tyf ljlaw vr{ 6,929.65
(= ;fO6 clkm; eag 154.09
!)= k|zf/0f nfO{g 43,599.09
!!= a}s Aofh tyf z'Ns 401,680.97
!@= cfof]hgf ljsfz vr{ 39,197.45
hDdf 2,539,679.56
v_ a'Fbf -s_ df pNn]lvt ;DklQ ;+ul7t ;+:yfsf] cfkm\g} ;DklQ xf] of lnhdf lnPsf], lnhdf lnPsf] eP lnhsf]
cjlw -ldlt ;d]t pNn]v ug'{kg]{_M cfof]hgfsf] ef}lts ;+/rgfx? lgdf{0f k|of]hgsf nflu sDkgLn] tkl;n adf]lhd
hUuf vl/b u/L, ef]uflwsf/ k|fKt ul/ lnPsf] 5 . a"Fbf -!_ b]lv -$_;Dddf ;DklQx? ;+ul7t ;+:yfsf] cfkm\g} ;DklQ
/x]sf] / sDkgLsf] hUufsf] ljj/0f lgDgfg';f/ 5g\ M
ljj/0f :yfoL If]qsf] If]qkmn-x]=_ ag sfof{no, ;+vj' f;efnfO{ hDdf If]qkmn
;f]wegf{ -x]=_ -x]=_
dfof vf]nf xfO8«fk] fj/ sDkgL lnld6]8nfO{ (=$%@ x]S6/ #=^$!^ x]S6/ hldg jg (=$%@ x]S6/
dfof vf]nf hnljB't cfof]hgfsf] ljleGg sfof{no, ;+v'jf;efnfO{
;+/rgfx? ;~rfng tyf lgdf{0f ug{ . ;f]wegf{ lbPsf]]
hDdf If]]qkmn (=$%@ x]S6/ #=^$%! x]S6/ (=$%@ x]S6/
dfof vf]nf xfO8«f]kfj/ sDkgL lnld6]8nfO{ dfof vf]nf hnljB't cfof]hgf -!$=( d]ufjf6_ sf] lgdf{0f tyf ;+rfngsf]
nflu jg P]g @)$( sf] bkmf ^& cg';f/ jg If]qsf] e"–:jfldTj g]kfn ;/sf/df /xg] u/L jg P]g @)$( sf]
bkmf ^* tyf jg If]qsf] hUuf cGo k|of]hgsf] nflu pknAw u/fpg] ;DalGw sfo{ljlw @)^# cg';f/ lgDg tflnsfdf
pNn]lvt ljj/0f adf]lhd s'n hDdf #=^$!^ x]S6/ /fli6«o jg If]qsf] hUuf a9Ldf #@ jif{ cjlw ;Dd k|of]u ug{sf
nflu dfof vf]nf xfO8«f]kfj/ sDkgL lnld6]8nfO{ ef]uflwsf/ pknAw u/fOPsf] 5 .
u_ olb ;DklQ ;+ul7t ;+:yfsf] :jfldTjdf /x]sf] ePdf pQm ;DklQ dfly s'g} lnog jf df]6{u]h eP ;f] ;DaGwL
ljj/0f M sDkgLsf] :jfldTjdf /x]sf] ;DklQ cfof]hgf ;~rfng tyf lgdf{0fsf] nflu lnPsf] shf{sf] nflu ln8
a}+s, l;l6hG; a}s O{G6/g]zgn lnld6]8df df]6{u]hdf /x]sf] 5 .
3_ ljj/0fkq af]8{df k]z ul/Psf] ldltdf ;+ul7t ;+:yfsf] ;DklQsf] lstfaL d"No / ahf/ d"No aLr km/s ePdf
;f]sf] ljj/0f M sDkgLsf] ;DklQx?sf] d"No k/n df]ndf g} /flvPsf] / k'g{d"NofÍg ul/Psf] 5}g .
(
ª_ ;DklQsf] d"NofÍg ul/Psf] t/Lsf ;DaGwL ljj/0f M sDkgLsf] ;Dk"0f{ ;DklQx? P]ltxfl;s nfut d"Nodf d"NofÍg
ul/Psf] 5 .
-r_ ;+ul7t ;++:yfsf] s'g} ;xfos sDkgL ePdf ;f] ;xfos sDkgLsf] gfd, Oltxf; / To;sf d'Vo p2]Zox?sf ;fy}
To;df ePsf] nufgLsf] c+z -k|ltztdf_ M ;f] gePsf]] .
-5_ cGo ljj/0fx? -nfu' x'g] xb;Dd_ M ;f] gePsf]] .
u=#=u= efjL of]hgf tyf /0fgLlt M
s_ Joj;fo÷;]jfsf] j[l4sf nflu ;+:yfsf] efjL of]hgf / To:tf] of]hgfsf] k|fKtLsf nflu rflng] ;doj4 /0fgLlt M
sDkgLn] cfˆgf] Joj;fo÷;]jfsf] a[l4sf nflu rfNg] efjL of]hgf / To:tf] of]hgfsf] k|flKtsf nflu rflng] ;doj4
/0fgLlt lgDgfg';f/ 5g\ .
sDkgLsf] d' V o p2]Z o g] k fnsf] hnljB' t ljsf;df Ps cu|0 fL sDkgLsf] ?kdf :yflkt ug] { .
cfufld !) jif{ leqdf gofF hnljB't cfof]hgfx?sf] ;DefJotf cWoog u/L cGo hnljB't cfof]hgfx? ;d]t
lgdf{0f ug]{ .
sDkgLn] ;/sf/L lgsfox?;Fu ePsf] ;Demf}tf adf]lhd b]zdf /x]sf] hn>f]tsf] clwstd pkof]u u/L ljB't
pTkfbg ug]{ .
sDkgLn] cfkm\gf] p2]Zo k|flKtsf nflu Aoj;flos ?kdf ;DefJo b]lvPsf] hnljB't cfof]hgfx?df nufgL ug]{ .
v_ k|lt:kwf{, ljBdfg cfly{s l:ylt / ;dfg lsl;dsf] pBf]usf] l:ytLsf] cfwf/df ;+ul7t ;+:yfsf] Joj;fosf] eljio M
g]kfndf hnljB't pTkfbgsf] k|r'/ ;+efjgf /x]sf] ePklg jt{dfg cj:yfdf ljB'tsf] dfu / cfk'lt{ aLr 7"nf]
vf8n /x]sf] 5 . o;sf] kof{Kt ljsf; x'g;s] l5d]ls d'n'sx?df lgof{t ug{ klg ;lsG5 . To;}n] of] Joj;fodf
k|lt:kwf{sf] cj:yf cfpg] 5}g . o;y{ sDkgLn] cfˆgf] Joj;fosf] lg/Gt/tfsf nflu cufl8 a9fPsf hnljB't
cfof]hgfx?sf] lgdf{0f / cGo cfof]hgfsf] klxrfg tyf ljsf; ubf{ cGo a:t'sf] h:tf] k|lt:kwf{ ug'{ kb}{g . g]kfn
ljB't k|flws/0fsf] cfly{s jif{ @)&&÷)&* sf] jflif{s k|ltj]bg adf]lhd g]kfndf cf=j= @)&&÷)&* df ljB'tsf]
dfu *,(^)=#! luufjf6 k|lt 306f /x]sf]df g]kfn ljB't k|flws/0f cGtu{t :yfkgf ePsf tyf cGo lghL If]qsf
cfof]hgfx?n] hDdf ^,!%$=%@ luufjf6 k|lt 306f pTkfbg ul//x]sf] / @,*)%=&( luufjf6 k|lt 306f cfoft
ul//x]sf] 5 . ;f]xL ;Gbe{df o; sDkgLn] pTkfbg u/]sf] hnljB'tn] s]lx dfqfdf ;f] sdLnfO{ k"lt{ ul//x]sf] 5 .
;fy}, /fli6«o lu|8 nfO{gdf ;d]t hf]l8g] 9 ePsf] x'gfn] lb3{sfn ;Dd o; sDkgLn] pTkfbg u/]sf] hnljB't k"0f{
?kdf vkt x'g] cj:yf /x]sf] 5 . xfn g]kfnaf6 l5d]sL d'n's ef/t;+u ljB't lalqmsf] sfo{ z'? ul/;lsPsf] 5
;fy} cGo d'n'sx?df klg ljB't lalqm ug]{ k|lqmof z'? e};s]sf] 5 .
!)
-v_ lgisfzg kl5sf] r'Qmf k"FhL -;d"xs[[t ul/Psf] cj:yfdf ;f]xL cg'?k_ M
;fwf/0f z]o/ lgisfzg u/L afF8kmfF8 u/] kZrft\ x'g] o; sDkgLsf] r'Qmf k"FhLsf] ;+/rgf b]xfo adf]lhd /x]sf]
5M
;d"x z]o/wgLx? ;fwf/0f z]o/ ;+Vof k"Fh L ;+/rgf k|ltzt r'Qmf /sd e'QmfgL k|ltzt
s ;+:yfks z]o/wgLx? ^^,)),))) ^^Ü ^^,)),)),)))÷— Zft k|ltzt e'QmfgL ePsf]
v :yfgLo afl;Gbfx? !),)),))) !)Ü !),)),)),)))÷— lgisfzg kZrft
e'QmfgL x'g]
u ;j{;fwf/0f z]o/wgL @$,)),))) @$Ü @$,)),)),)))÷— lgisfzg kZrft
-j}bl] zs /f]huf/Ldf /x]sf g]kfnL, e'QmfgL x'g]
sd{rf/Lx? tyf ;fd"lxs nufgL
sf]if ;d]t_
hDdf !,)),)),))) !))Ü !,)),)),)),)))÷—
gf]6 M
ldlt @)&(.)&.!& ut] b]lv nfu' x'g] u/L :jLs[t ePsf] lwtf]kq lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$ -5}+7f}+
;+zf]wg @)&(_sf] bkmf $ -v_ -!_ df Joj:yf eP adf]lhd ;j{;fwf/0fdf ;fj{hlgs lgisfzg ul/g] z]o/sf] !)
k|ltzt j}b]lzs /f]huf/Ldf /x]sf g]kfnLx?sf nflu 5'6\ofO{Psf] .
u=$=u=z]o/ lk|ldod vftf -lgisfzgk"j{ / lgisfzg kZrft\\_ M z]o/df lk|ldod vftfsf] Joj:yf xfn g/x]sf] .
;~rfnsx?sf] ljj/0f M
z]o/ :jfldTj z}lIfscg'ej -;DalGwt_
cg'ej -cGo_
l;=g+= gfd, 7]ufgf kb pd]/ /fli6«otf
lsQf of]Uotf
hnljB't If]qdf
! ljhodfg z]/rg, cWoIf, &^ g]kfnL !,)),))) d]sflgsn
ljut #) jif{ b]lv hnljB't != cWoIf–kz''ktL e]Gr/ Soflk6n k|f=ln
sf=lh=sf=d=g= ;+:yfks OlGhlgol/
If]qdf cg'ej /x]sf] xfn @= k"j{ cWoIf–g]le6«]8 lnld6]8
kf=j8f g+=@ ;d'x Ëdf
dfof vf]nf xfO{8f« k] fj/ sDkgL #= k"j{ lgb]{zs–l;Dof6 sGzN6ofG6;
:gfsf]Q/
lnld6]8df cWoIfsf] ?kdf $= k"j{ k|aGw lgb]{zs–d}n'Ë vf]nf xfO8«f]kfj/
cfj4 /x]sf] . sDkgL k|f= ln=
-@)&%÷)^÷!@ df ;DkGGf %= k"j{ dxfk|aGws–uf]vf{ xfO8«fk] fj/ sDkgL k|f=ln
ePsf] t];f| ] tyf rf}yf] ;fwf/0f ^= k"j{ ;b:o–g]kfn ;/sf/ hn pmhf{ cfof]u
;efsf] lg0fo{ b]lv_
@ >L lbg]z k|zfb >]i7, ;+rfns, ^! g]kfnL — jfl0fHo xfn dfof vf]nf xfO{8«f]kfj/ != k|f]k/fO6/–xgL OG6/k|fOh]h k|f= nL=
wfkf;L–*, sf7df8f}+ ;+:yfks ljifodf sDkgL lnld6]8df ;~rfns @= k|f]k/fO6/–k]/]lgon OghL{ g]kfn k|f= nL=
;d'x :gfts eO{ cfj4 /x]sf] . #= ;+rfns–kz''ktL e]Gr/ Soflk6n k|f=ln
-@)&%÷)^÷!@ df ;DkGGf $= cWoIf–g]kfn yfOn}08 Jofkf/ ;+u7g
ePsf] t];f| ] tyf rf}yf] ;fwf/0f %= cWoIf–PDfPg OG6/g]zgn k|f=nL=
;efsf] lg0fo{ b]lv_
# >L ljgf]b ysfnL, xfn dfof vf]nf xfO{8«f]kfj/ != e'k"–a[l6z cfdL{
DofUbL lhNnf cf]v/af]6 ;+rfns, %* g]kfnL !,)),))) P; Pn l; sDkgL lnld6]8df ;~rfns @= k"j{ cWoIf–k|e ' Soflk6n lnld6]8
uf=lj=;=j8f g++=& ;+:yfks eO{ cfj4 /x]sf] . #= k"j{ ;+rfns–k|e' kmfOgfG; lnld6]8
;d'x -@)&%÷)^÷!@ df ;DkGGf
ePsf] t];f| ] tyf rf}yf] ;fwf/0f
;efsf] lg0fo{ b]lv_
$ >L x]dlglw zdf{, ;+rfns, %$ g]kfnL !,)),))) l;len xfn dfof vf]nf xfO{8«f]kfj/ l;len OlGhlgo/LËdf :gfts ul/ ljleGg
?kGb]xL lhNnf ;+:yfks OlGhlgo/LËdf sDkgL lnld6]8df ;~rfns lgdf{0f sfo{x?df @& jif{sf] cg'ej xfl;n
l;4fy{gu/ gu/kflnsf ;d'x :gfts eO{ cfj4 /x]sf] . ePsf] .
j8f g+=^ -@)&%÷)^÷!@ df ;DkGGf != xfn k|f]h]S6 sf] cl8{g]6/, Ocf/Pdl; k|f= ln=
ePsf] t];f| ] tyf rf}yf] ;fwf/0f
;efsf] lg0f{o b]lv_
% >L lbgfgfy bfxfn, ;+rfns, &# g]kfnL @,@^,@&) On]lS6«sn xfn dfof vf]nf xfO{8«f]kfj/ On]lS6«sn OlGhlgo/LË, lgDg sfo{x?sf] cg'ej
;+v'jf;ef lhNnf ;fbL ;+:yfks OlGhlgo/LË sDkgL lnld6]8df ;~rfns xfl;n ePsf] .
uf=lj=;=j8f g+=@ ;d'x eO{ cfj4 /x]sf] . != k"j{ sd{rf/L–g]kfn ljB't k|flws/0f
-@)&*÷)#÷#! df ;DkGGf
ePsf] kfrf}+ ;fwf/0f ;efsf]
lg0f{o b]lv_
gf]6 M xfn o; sDkgLdf ;+:yfks z]o/wgL dfq /x]sf] . ctM o; ljj/0fkq dfkm{t ;j{;fwf/0f z]o/wgL
;d'xsf] z]o/ lgisfzg eO{ afF8kmfF6 ;DkGg eP kZrft\ sfg"g adf]lhd sDkgL P]g, @)^# sf] bkmf
*^ -@_ cg';f/ ;+rfns ;ldltdf k|ltlglwTj /xg] Joj:yf ul/g]5 . sDkgLsf] lgodfjnLsf] lgod @*
df ePsf] Joj:yf cg';f/ ;~rfns x'gsf] nflu sDkgLsf] sDtLdf !)) -Ps ;o_ lsQf z]o/ cfˆgf]
gfddf vl/b u/]sf] x'g' kg{]5 . t/ :jtGq ;~rfnssf] xsdf pk/f]Q m Joj:yf nfu' x'g] 5}g .
!@
v_ ;+:yfksx? s'g} sDkgL÷;+:yf ePdf To:tf] sDkgL÷;+:yfsf] gfd tyf 7]ufgf ;lxtsf] ;+lIfKt ljj/0f / pQm
sDkgL÷;+:yfsf ;+rfnsx?sf] gfd, 7]ufgf-k|fs[lts JolQm gv'n];Dd_M
qm=;+= gfd, 7]ufgf ;+lIfKt ljj/0f ;~rfnssf] gfd z]o/ :jfldTj
! Kfz'klt e]Gr/ Soflk6n hnljB't pTkfbg, pTkfbgd"ns / ;]jf d"ns tyf pBf]u != >L ljhodfg z]/rg, cWoIf !$,!(,$&)
k|f=ln=, Jofj;fo ;DaGwL ;]jf ug]{ u/L sDkgL /lhi6«f/ sfof{nodf @= >L lbg]z k|zfb >]i7, ;+rfns
w'Dj/flx ldlt @)%*÷)*÷@! df btf{ ePsf] . ldlt @)&$÷)*÷!@ #= >L ldng ljqmd zfx, ;+rfns
df lwtf] kq ;DjGwL sfo{ klg ug{ ul/ k| a Gwkq tyf $= >L /ljGb|dfg >]i7, ;+rfns
lgodfjnL ;+;f]wg ul/Psf] . %= >L x]dlglw zdf{ ;+rfns
^= >L tf/f cdfTo ;+rfns
@ n'lDjlg ljN8{; k|f=ln=, lgdf{0f ;DaGwL Jofj;fo ug]{ u/L sDkgL /lhi6«f/ sfof{nodf != lji0f' zdf{, cWoIf $@)))
sflnsf:yfg ldlt @)$!÷)!÷!# df btf{ ePsf] . @= ns+ s]=l;=, ;+rfns
#= /flwsf zdf{ ,;+rfns
# Kf|e' Soflk6n lnld6]8, k|e ' Soflk6n lnld6]8 sDkgL P]g, @)^# cGtu{ t ldlt != >L Pn= lk= efg' zdf{–cWoIf !,@$,)))
sdnflb @)^%÷)&÷!! df g]kfn ;/sf/, pBf]u dGqfno, sDkgL @= >L lbg]z ysfnL, k|aGw ;+rfns
/lhi6«f/sf] sfof{nodf btf{ ePsf] xf] . sDkgLn] lwtf]kq #= >L e"lkGb| vqL ,;+rfns
;DaGwL P]g, @)^# cGtu{t lwtf]kq Joj;foL dr]G{ 6 a+s } /sf] $=>L Hof]tL z]/rg, :jtGq ;+rfns
?kdf sfo{ ug{ g]kfn lwtf]kq af]8j{ f6 ldlt @)^&÷)%÷@$ %= >L e/t l;+x yfkf, :jtGq ;+rfns
df cg'dlt kq k|fKt u/L ;f]lx ldltaf6 dr]{G6 a}+lsË ;]jf ^= >L g/]z h+Ë yfkf, :jtGq ;+rfns
k|bfg ub} { cfO/x] sf] 5 . sDkgLn] cfkm\ gf] :yfkgf jif{d f &= >L /laGb| 9sfn, ;+rfns
z]o/ /lhi6«f/ ;] jf, nufgL Joj:yfkg ;] jfsf] ?kdf sfo{
u/]sf]df xfn sDkgLn] ;f]sf] cnfjf cfkm'n] k|bfg ug]{ ;]jfnfO{
ljljlws/0f ub}{ lwtf]kq lgisfzg tyf laqmL k|aGws, lgIf]k
;b:o, z]o/ k| Tofe"tL, nufgL Joj:yfkg tyf ;+ :yfut
k/fdz{ ;]jf ;d]t k|bfg ub}{ cfPsf] 5 .
$ Kf|e ' OG;'/]G; lnld6]8, k| e' OG:of] /]G ; lnld6]8 g] kfndf :yflkt lghL{j g aLdf != >L s';'d nfdf, cWoIf $,^),)))
ltgs'g] sDkgLx?dWo] cu|0fL aLdf sDkgL xf] . @)%# ;fndf g]kfnsf @= >L /fh uf]kfn /fhe08f/L, ;+rfns
k| ltli7t cf} B f] lus / Jofkfl/s ;d' xåf/f ;+: yflkt o; #= >L s]zj /fh cfrfo{, ;+rfns
sDkgLdf k|e' ;d'x tyf sd{rf/L ;+ro sf]ifsf] k|d'v z]o/ $=>L /fh]G› dNn, ;+rfns
lx:;f /x]sf] 5 . xfn sDkgLsf] r'Qmf k"FhL ! cj{ % s/f]8 %= >L /fh]G› zfSo, ;+rfns
eGbf clws /x] s f] 5 eg] %% eGbf clws zfvf tyf ^= >L /0fs]zj k|wfg, ;+rfns
pk–zfvf dfkm{ t aLdf ;] j f k| b fg ul//x] s f] 5 . &= >L /fh uf]kfn /fhe08f/L ;+rfns
% ;g/fO{h xf]N8Lª\; k|f=ln=, nufgL ;DaGwL Jofj;fo ug]{ u/L sDkgL /lhi6«f/ sfof{nodf != >L ;'efif cdfTo , cWoIf !,@!,%()
sdnflb ldlt @)&!÷)@÷!( df btf{ ePsf] . @= >L z}nf >]i7, ;+rfns
^ Hfo kz'klt sGi6«S;g lgdf{0f ;DaGwL Jofj;fo ug]{ u/L sDkgL /lhi6«f/ sfof{nodf ! >L e/t nfld5fg] yfkf, cWoIf !%,)))
k|f=ln=, w'dj/flx ldlt @)&#÷)(÷@$ df btf{ ePsf] .
& ;+o'Qm o'jf Snj, ;fdflhs ;]jf tyf v]ns'b ultljlw ;DjGwL sfo{sf] nflu != k[yfl;+x d]3L u'?Ë, cWoIf !,)%)
;+v'jf;ef ldlt @)%&÷)*÷!! df btf{ ePsf] @= P]/fd d]3L u'?Ë, ;b:o
#= ;'/]z d]3L u'?Ë, ;b:o
$= ldng d]3L u'?Ë, ;b:o
%= xl/jn d]3L u'?Ë, ;b:o
^= z+s/dfg d]3L u'?Ë, ;b:o
&= /fhg ub}jL, ;b:o
*= ;'Gb/L u'?Ë, ;b:o
(= lbkf u'?Ë, ;b:o
!)= ;'lgn >]i7, ;b:o
!!= lbn s'df/ u'?Ë, ;b:o
* l;4fy{ OGkm|f:6Sr/ nufgL ;DaGwL Jofj;fo ug]{ u/L sDkgL /lhi6«f/ sfof{nodf != /d]z s'df/ l;njfn, cWoIf !,!),)))
8]ednkd]G6 P08 ldlt @)&%÷)%÷@& df btf{ ePsf] . @= /d]z l;jfsf]6L, ;+rfns
OGe]i6d]G6 sDkgL k|f=ln=, #= p¢j rf}nfufO+ ;+rfns
afg]Zj/ $= x]dlglw zdf{ ;+rfns
%= lzj s[i0f >]i7 ;+rfns
^= eQm/fd 1jfnL ;+rfns
&= ;'lbk 1jfnL ;+rfns
( dsfn' cfw'lgs ax'p2]ZoLo s[[ lif tyf kz'kfng ;DaGwL Jofj;fo ug] { u/L sDkgL != >L e/t nfld5fg] yfkf, cWoIf !%,)))
s[lif kmfd{, 6f]vf /lhi6«f/ sfof{nodf ldlt @)&*÷)%÷@& df btf{ ePsf] . @= 8f= u'/fz+ a:g]t ;+rfns
!) lna6L{ xf]N8Lª\; k|f=ln=, nufgL ;DaGwL Jofj;fo ug]{ u/L sDkgL /lhi6«f/ sfof{nodf != >L /fd axfb'/ kf08], cWoIf %),)))
7d]n ldlt @)&#÷)*÷!& df btf{ ePsf] . @= >L z]/ axfb'/ a:g]t ;+rfns
#= >L b]j]Gb| jfUn] ;+rfns
u_ ;+ul7t ;+:yfsf ;+rfnsx?, cGo s'g} ;+:yf, sf]if ;+u7g;+u cfj¢ eP To:tf] ;+rfns / cfj¢ ePsf] ;+:yfsf]
gfd 7]ufgf M
qm=;+ Gffd cGo ;DalGwt /x]sf] ;+:yf, kmd{ / sDkgLx?
! ljhodfg z]/rg != cWoIf–kz''ktL e]Gr/ Soflk6n k|f=ln=
@ >L lbg]z k|zfb >]i7 != k|f]k/fO6/–xgL OG6/k|fOh]h k|f= nL= @= ;+rfns–kz''ktL e]Gr/ Soflk6n k|f=ln
#= cWoIf–g]kfn–yfOn}08 Jofkf/ ;+u7g $= cWoIf–PDfPg OG6/g]zgn k|f=nL=
# >L ljgf]b ysfnL !=gePsf]
$ >L x]dlglw zdf{ != k|f]h]S6 sf]cl8{g]6/–Ocf/Pdl; k|f= ln=, xfn sfo{/t
% >L lbgfgfy bfxfn != g]kfn ljB't k|flws/0faf6 cjsf; k|fKt sd{rf/L
æ;"rLs[t ;Ël7t ;+:yfx?sf] ;+:yfut ;'zf;g ;DaGwL lgb]{lzsf, @)&$Æ sf] ;Dk"0f{ Joj:yfx? tyf sDkgL P]g, @)^# sf]
bkmf *( sf] pkbkmf -!_ 5 sf] Kffngf ePsf] 5 . xfn o; sDkgL ;"lrs[t x'g afFsL /x]sf] / ;"rLs[t x'g' cuf8L æ;"rLs[t
;Ël7t ;+:yfx?sf] ;+:yfut ;'zf;g ;DaGwL lgb]{lzsf, @)&$Æ sf] k"0f{ ?kdf kfngf ug]{ ;d]t k|lta4t /x]sf] .
!#
u=%=v=;+:yfks÷;~rfns ;Fusf] sf/f]af/ M
s_ ;+ul7t ;+:yfaf6 s'g} ;+:yfks÷;~rfnsn] k|ToIf jf ck|ToIf ?kdf s'g} j:t' jf ;'ljwf -cfly{s jf u}/cfly{s_
k|fKt u/]sf jf k|fKt ug]{ ePdf To:tf] j:t' jf ;'ljwfsf] k|s[lt / d"No / To:tf] ;'ljwf lbP afkt ;+ul7t ;+:yfn]
s'g} ;DklQ, ;]jf k|fKt u/]sf] jf ug]{ ePdf tT;DaGwL ljj/0f M
sDkgLsf] ldlt @)&*÷)(÷@* ut]sf] kfFrf} jflif{s ;fwf/0f ;efsf] lg0f{o cg';f/ ;~rfns ;ldltn] lng] kfl/>dLs,
;]jf ;'ljwf b]xfo adf]l hd /x]sf] 5 ;fy} lhDd]jf/L sDkgLsf] lgodfjnLdf pNn]v eP adf]l hd /xg] 5 .
;+rfns Jfflif{s kfl/>lds oftfoft vr{ 6]lnkmf]g vr{ kqklqsf tyf :6]zg/L hDdf
ljhodfg z]/rg -cWoIf_ $!,)#,*(@ – – – $!,)#,*(@
lbg]z k|zfb >]i7 -;+rfns_ ^,)),))) – – – ^,)),)))
ljgf]b rsfnL-;+rfns_ ^,)),))) – – – ^,)),)))
lbgfgfy bfxfn -;+rfns_ $),))) – – – $),)))
x]dlglw zdf{ -;+rfns_ #,)),))) – – – #,)),)))
lhDd]jf/L M sDkgLsf] lgodfjnLdf pNn]v eP adf]lhd .
!_ cfof]hgf lgdf{0fsfo{sf] ;Dk"0f{ lhDd]jf/L .
@_ ;+rfns ;ldltn] tf]s] afdf]lhd cGo sfo{x? .
;j} ;+rfnsx?nfO{ lbPsf] ;'ljwfx? M
s_ oftfoft eQf M 5}g . v_ klqsf M 5}g . u_ 6]lnkmf]g M 5}g . 3_ uf8L M 5}g . ª_ t]n M 5}g .
v_ a'Fbf -s_ df pNn]lvt j:t' jf ;'ljwfsf] d"No lgwf{/0f ug{ ckgfOPsf] tl/sf M ;f] gePsf] .
!$
#= cGo ;'ljwf sDkgL lgod adf]lhd x'g]5 .
cf=j= @)&*÷)&( df cWoIf tyf cGo ;+rfnsx?nfO{ lgDg e'QmfgL ePsf] .
;+rfns Jfflif{s kfl/>lds oftfoft vr{ 6]lnkmf]g vr{ kqklqsf tyf :6]zg/L hDdf
ljhodfg z]/rg -cWoIf_ $!,)#,*(@ – – – $!,)#,*(@
lbg]z k|zfb >]i7 -;+rfns_ ^,)),))) – – – ^,)),)))
ljgf]b rsfnL-;+rfns_ ^,)),))) – – – ^,)),)))
lbgfgfy bfxfn -;+rfns_ $),))) – – – $),)))
x]dlglw zdf{ -;+rfns_ #,)),))) – – – #,)),)))
v_ ;+ul7t ;+:yfsf] pRr Joj:yfksLo txsf tLg hgf clws[tx?sf] gfd, kb / Ps cfly{s jif{sf] cjlw leq
pgLx?nfO{ kfl/>ldssf] ?kdf e'Qmfg ul/Psf] /sd M
l;=g+= sd{rf/Lsf] gfd kb cfly{s jif{ )&*÷&( df kfl/>ldssf] ?kdf e'Qmfg ul/Psf] /sd -?=_
!= >L lbg]z k|zfb >]i7 k|aGws ;+rfns ^,)),)))
@= >L ;fu/ g]kfn k|aGws !%,&),&%)
#= >L gljg s'df/ jdf{ sDkgL ;lrj #,$%,)))
u_ s'g} clws[t jf ;+rfnsnfO{ eljiosf] nflu s'g} /sd k|bfg ul/g] u/L s/f/ ul/Psf] eP ;f] ;DaGwL ljj/0f M
xfn;Dd To:tf] s'g} s/f/ ul/Psf] 5}g .
u=*= cGtlg{lxt hf]lvd tyf ;f] sf] Joj:yfkgsf] nfuL Joj:yfkgsf] wf/0ff M
;+ul7t ;+:yfn] axg u/]sf] jf ug]{ hf]lvd :ki6 ?kdf pNn]v ug'{ kg]{ . o; ;Gbe{df hf]vLdx?nfO{ ;+ul7t ;+:yfsf]
cfGtl/s jf Joj;fo÷kl/of]hgf;Fu k|ToIf cyjf ;+ul7t ;+:yfsf] lgoGq0f eGbf aflx/sf] egL jlu{s/0f u/L k|d'v
?kdf b]xfosf] hf]lvdsf] ljZn]if0f ug'{ kg]{ .
s_ ljQLo ;fwgsf] cefjaf6 x'g] hf]lvd M
lgdf{0ffwLg cj:yfdf /x]sf] hnljB't cfof]hgfdf ljQLo hf]lvd Go"g /x]sf] .
gofF cfof]hgfsf] cg';Gwfg tyf ljsf; ;+s'rg cfpg ;Sg] hf]lvd Go"g /x]sf] . t/ g]kfn ljB't k|flws/0fn]
ljB't vl/b ljqmL ;Ddmf}tf ;xh / ;/n gagfPdf ;d:of pTkGg x'g] b]vLG5 .
;+:yfdf cfj4 z]o/wgLx?n] sa'n u/]sf] ;Dk"0f{ /sd k|fKt eO;s]sf] / a}+saf6 klg C0f k|fKt eO/x]sf]]n] ljQLo
;fwgsf] cefjaf6 x'g] s'g} klg hf]lvd gx'g] .
v_ sRrf kbfy{sf] cefjaf6 x'g] hf]lvd M
hn;|f]tsf] lg/Gt/ dfkg ul/ l8hfO{g ul/Psf] x'Fbf pQm hf]lvd sd /x]sf] .
u_ pTkfbg tyf ;]jfsf] ahf/ l:ylt / o;df cfpg] kl/jt{gaf6 x'g] hf]lvd M xfnsf] cj:yfdf ljB'tsf] ahf/sf]
hf]lvd g/x]sf] .
3_ cfof]hgf ;DkGg x'g l9nfO{ x'g] ;Defjgf / To;af6 x'g] d"No clej[l4 (cost overrun) sf] hf]lvd M o;
sDkgLn] d+l;/ !, @)&( ;Dddf ljB't pTkfbg ug]{ nIo /fv]sf] 5 . sDkgLsf] tkm{af6 ;f] ldltdf ljB't pTkfbg
u/L g]kfn ljB't k|flws/0fnfO{ ljB't laqmL ug]{5 .
ª_ ljb]zL ljlgdosf] hf]lvd M ;j} d]l;g/L cf}hf/ cli6«of tyf ef/taf6 cfoft ePsf]n] ljb]zL ljlgdosf] hf]lvd
/x]sf] .
r_ sfg'gL k|s[ofx? tyf O{hfht k|fKt ug'{ kg]{ ;f] af6 kg{ ;Sg] cj/f]wx? M cg'dlt jf Ohfht k|fKt ubf{ l9nfO{
x'g uPdf gofF cfof]hgf lgdf{0f sfo{df l9nfO{ x'g ;Sg] hf]lvd /x]sf] .
5_ If]qLos/0f / ljZjJofkLs/0f (Globalization) sf sf/0faf6 pTkGg x'g ;Sg] hf]lvd McGt/fl{i6«o ahf/df
x'g] dGbLaf6 g]kfnL ahf/df kg{;Sg] c;/af6 x'g;Sg] cfly{s hf]lvdx? .
h_ ;/sf/L gLlt tyf lgodx?df x'g ] kl/jt{g tyf ljZjJofkL ?kdf x'g ] gLltut kl/jt{gaf6 x'g ] hf]lvd M
g]kfn ;/sf/sf] hnljB't ;DaGwL cfly{s tyf ljQLo gLlt lgoddf x'g] kl/jt{gaf6 hf]lvdx? >[hgf x'g ;Sg] .
s/, eG;f/ cflb ;DaGwL Joj:yfdf kl/j{tg ePdf hf]lvdx? >[hgf x'g ;Sg] .
em_ ;+ r fng Oltxf;sf] cefj M cfof] h gf ;~rfngdf gcfpGh] n ;Dd ;f] ljifodf hf] l vd /x] s f] .
`_ k|ljlwsf] kl/jt{gaf6 x'g] ;Sg] hf]lvd MhnljB't cfof]hgf lgdf{0fsf] nfuL cfjZos 6jf{Og, k]g:6s, h]g]/]6/
nufotsf ljleGg pks/0fdf cfpg] kl/jt{g tyf gofF k|l jlwaf6 ljB't pks/0fx? km]hcfp6 ePdf .
6_ cGo M
b}lj k|sf]k tyf sfa' aflx/sf] kl/l:ylt pTkGg eO cfof]hgfdf s'g} k|fs[lts Iflt ePdf cfof]hgfsf] nfut a9\g
;Sg] hf]lvd /x]sf] .
b]zsf] /fhg}lts cl:y/tfaf6 cfpg ;Sg] hf]lvdx? .
k"FhL ahf/sf] cj:yfdf cfpg] ptf/ r9fjaf6 kg{ ;Sg] hf]lvdx? .
;Defljt cfly{s hf]lvdx?nfO{ Go"gLs/0f ug{ Joj:yfkgn] lgDg pkfox? cjnDjg ub}{ hfg]5 .
g]kfndf phf{ zlQmsf] dfu w]/} / cfk"lt{ Go"g /x]sf] / g]kfn hn>f]tsf] wgL b]z ePsf]n] cGo phf{sf] >f]teGbf
e/kbf]{ >f]t kfgL xf] . t;y{ phf{sf nflu hnljB'tsf] cfjZostf / dxTj slxNo} sd gx'g] x'Fbf hnljB'tsf]
nufgLdf Go"g hf]lvd /xsf] Joj:yfkgsf] wf/0ff /x]sf] 5 . ;fy} phf{ ljleGg >f]taf6 k|fKt ug{ ;lsG5 . h:t} M
;f}o{ zlQm, l8h]n, sf]Onf, hn>f]t OTofbL . o; dWo] kfgLaf6 pTkfbg x'g] hnljB't gljs/0fLo phf{ ePsf]n]
hnljB't cfof]hgfx?n] jftfj/0fdf gsf/fTds k|efj kfb}{g . To;sf/0f phf{sf cGo >f]tx? eGbf kfgLaf6 pTkfbg
!%
x'g] hnljB'tn] jftfj/0fLo xfgL gx'g] / o;sf] nfut cGo phf{ eGbf t'ngfTds ?kdf sd /xg] x'Fbf cGo >f]taf6
pTkfbg x'g] ljB'teGbf kfgLaf6 pTkfbg x'g] hnljB't cfof]hgfx?df hf]lvd g/x]sf] wf/0ff Joj:yfkgsf] /x]sf]
5 . ;fy} pk/f]Qm ;Defljt hf]lvdx?nfO{ Go"gLs/0f ug{ pks/0fx?sf] x|f; vr{sf] Joj:yfsf] ;fy} s]Gb| / cfof]hgfsf
cfjZoso; sDkgL tyf cfof]hgfsf] cfjZos ;+/rgf, d]l;g, cf}hf/ / pks/0fx?sf] hf]lvdnfO{ Go"gLs/0f ug{
lgdf{0fflwg cfof]hgfsf] lgDgfg';f/sf ladf ul/Psf] 5 .
!$=( d]=jf= dfof vf]nf hnljB't cfof]hgfsf] ladf ;DaGwL ljj/0f M
l;=g+= ladfsf] k|sf/ ladf sDkgLsf] gfd ladfÍ /sd -?=_ ladf cjlw ladf z'Ns -?=_
! l;len sfo{ PgPnhL OG:of]/]G; 1,17,52,38,659.34 lgdf{0f sfo{sf] nfluM 29,48,190.00
s+=ln= !*.!).@)@! b]lv !&.)$.@)@#
dd{t ;Def/ sfo{sf] nflu
!*.)$.@)@# b]lv !&.)$.@)@$
@ xfO8«f]d]sflgsn sfo{ lzv/ OG;'/]G; 19,40,86,078.23 dfr{ &, @)@! b]lv cS6f]a/ @&, @)@# 1,65,823.86
# On]S6«f]d]sflgsn ;dfg – ef/t cf]l/oG6n OG;'/]G; 13,43,74,322.22 Dffr{ !*, @)@! b]lv dfr{ !&, @)@# 6,52,343.00
$ On]S6«fd] ]sflgsn ;dfg – cli6«of cf]l/oG6n OG;'/]G; 18,68,63,880.87 d] !$, @)@! b]lv l8;]Da/ !#, @)@@ 7,84,678.94
!^
gfkmf gf]S;fg lx;fa ->fj0f !, @)&& b]lv cfiff9 #!, @)&* ;Dd_
laj/0f ?= -xhf/df_
cfDbfgL
ljB't lalqm cfDbfgL -
cGo cfDbfgL 453.41
hDdf cfDbfgL
vr{
/f]oN6L vr{ -
k]gfN6L vr{ -
k|zf;g vr{ (14,219.39)
EBDIT
x|f; vr{ (2,296.47)
EBIT
ljQLo vr{ -
EBT
Aff]g; vr{ -
cfo s/ -
:ylut s/ -
s/ s§fkZrft\sf] gfkmf
NPAT Brought Forward
Go"g M ljlgof]hg÷ ;dfof]hg
;dfof]hg -
Nffef+z -
v'b gfkmf÷gf]S;fg
gfkmf gf]S;fg afF8kmfF8 lx;fa ->fj0f !, @)&& b]lv cfiff9 #!, @)&* ;Dd_
ljj/0f /sd ?= -xhf/df_
s/ kl5sf] gfkmf (16,062.45)
Zf'? hu]8f (40,667.99)
36fpg] M z]o/wgLsf] nfef+;
Jff;nftdf ;fl/Psf] hu]8f (56,730.45)
gub k|jfx ljj/0f ->fj0f !, @)&& b]lv cfiff9 #!, @)&* ;Dd_
laj/0f ?=-xhf/df_
v'b gub k|jfx ;~rfng ultljlwaf6
rfn' jif{sf] Vf'b gfkmf ÷gf]S;fg (16,062.45)
;dfof]hg -
x|f;s§L 2,296.47
gub k|jfx ;~rfng ultljlwaf6 (13,765.98)
cl3Nnf] jif{sf] ;dfof]hg -
ltg{'kg{] /sd ckn]vg -
sfo{lzn k"FhLsf] kl/jt{g cl3sf] ;+rfng gub k|jfx
rfn" ;DkQL ePsf] -j[l4_÷sdL 230,411.81
rfn" bfloTjdf ePsf]j[l4÷-sdL_
;~rfng ultljlwaf6 s"n gub k|jfx
nufgL ultljlwsf] gub k|jfx
;DklQ vl/b, Knf06 d]lzg/L (67.28)
cGo nufgL (16,716.60)
cGo ;DkQL ePsf] -j[l4_÷sdL (1,128,854.12)
nufgL ultljlwsf] gub k|jfx
ljQLo ultljlwsf] gub k|jfx
z]o/ kF"hLdf j[l4-sdL_ 156,776.40
sn kF"hLdf j[l4-sdL_ (69,779.40)
C0fdf j[l4-sdL_ 717175.17
ljQLo ultljlwsf] gub k|jfx
Gfubdf ePsf] s"n kl/jt{g
ut jif{sf] a}+s tyf Gfub cj:yf 8,783.46
Rffn' jif{sf] a}+s tyf Gfub cj:yf
Gff]6 M– sDkgLn] @)&&÷@)&* sf] ljQLo ljj/0f NFRS cg';f/ tof/ gu/]sf]n] n]vfkl/Ifsn] ;f] ljQLo ljj/0f pk/ Disclaimer
Opinion k|:t't ul/Psf] 5 . sDkgLn] cfufdL cf=a= sf] ljQLo ljj/0f NFRS cg'; f/ tof/ ug]{ qmddf /x]s f] 5 .
!&
v_ ;~rfng cjlw tLg jif{ JotLt e};s]sf] cj:yfdf ljut tLg jif{sf] / tLg jif{ JotLt e}g;s]sf] cj:yfdf ;+rfng
cjlwe/sf] n]vfk/LIf0f ePsf] ljQLo ljj/0f M
jf;nft
laj/0f jf:tljs ?= xhf/df
cf=a=)&%÷&^ cf=a=)&^÷&& cf=a=)&&÷&*
k"FhL tyf bfloTj
z]o/ xf]N8/x?sf]] sf]if
z]o/ k"FhL 169,856.10 169,856.10 326,632.50
clu|d sn dgL 176776.40 237,844.40 168,065.00
hu]8f sf]if / ;+lrt gfkmf÷gf]S;fg (27,682.78) (40,667.99) (56,730.45)
s"n k"FhL 367,032.51 437,967.05
lb3{sflng bfloTj
lb3{sflng shf{ -a}+saf6 shf{_ 454,567.80 830,411.54 1,547,586.71
s"n shf{ 454,567.80 830,411.54 1,547,586.71
hDdf k"FhL tyf bfloTj 1,197,444.05 1,985,553.76
;DklQ
lb3{sflng ;DklQ
s'n l:y/ ;DklQ 37882.80 23,540.22 23,607.50
Go'g;+lrt x|f; (8248.60) (11,114.86) (13,411.33)
v'b l:y/ ;DklQ 29634.20 12,425.36 10,196.16
lgdf{0fflwg kl/of]hgf 502,218.65 858,059.12 1,986,913.24
nufgL 16,716.60
Rffn' ;Dklt
gub tyf a}+s df}Hbft 46088.69 8,783.46 29,716.35
k|fKt x'g aFfsL -g]kfn ljB't k|flws/0f_
cGo rfn' ;DklQ 204,541.80 362,783.51 132371.69
hDdf rfn" ;DklQ 371,566.97 162,088.04
Go'gM rfn" bfloTj tyf Joj:yf
hDdf rfn" bfloTj 44,607.40 190,360.29
v"b rfn' ;DklQ 326,959.57 (28,272.24)
hDdf ;DklQ 1,197,444.05 1,985,553.76
!*
gfkmf gf]S;fg afF8kmfF8 lx;fa -?= xhf/df_
ljj/0f cf=a= @)&%÷)&^ cf=a= @)&^÷)&& cf=j= @)&&.&*
s/ kl5sf] gfkmf -!$,^(^=))_ -!@,(*%=@!_ -!^,)^@=$%_
Z'? hu]8f -!@,(*^=##_ -@&,^*@=&*_ -$),^^&=((_
36fpg] M z]o/wgLsf] nfef+;
Jff;nftdf ;fl/Psf] hu]8f -@&,^*@=&*_ -$),^^&=((_ -%^,&#)=$%_
gub k|jfx ljj/0f -?= xhf/df_
laj/0f cf=a= @)&%÷)&^ cf=a= @)&^÷)&& cf=a= @)&&÷)&*
v'b gub k|jfx ;~rfng ultljlwaf6
rfn' jif{sf] Vf'b gfkmf ÷gf]S;fg -!$,^(^=))_ -!@,(*%=@!_ -!^,)^@=$%_
;dfof]hg
x|f;s§L #,$*!=@( @,*^^=@^ @,@(^=$&
gub k|jfx ;~rfng ultljlwaf6 -!!,@!%=!^_ -!),!!*=(%_ -!#,&^%=(*_
cl3Nnf] jif{sf] ;dfof]hg
ltg{'kg{] /sd ckn]vg
sfo{lzn k"FhLsf] kl/jt{g cl3sf] ;+rfng gub k|jfx -!!,@!%=!^_ -!),!!*=(%_ -!#,&^%=(*_
rfn" ;DkQL ePsf] -j[l4_÷sdL -^*,&*(=((_ -!%*,@$!=&!_ @#),$!!=*!
rfn" bfloTjdf ePsf]j[l4÷-sdL_ -$,^)!=!!_ #%,^$!=%& !,$%,&%@=()
;~rfng ultljlwaf6 s"n gub k|jfx -*$,^)^=@%_ -!#@,&!(=)(_ #,^@,#(*=&#
nufgL ultljlwsf] gub k|jfx
;DklQ vl/b, Knf06 d]lzg/L (28.30) (14,342.59) (67.28)
cGo nufgL (16,716.60)
cGo ;DkQL ePsf] -j[l4_÷sdL (355,098.19) (355,840.46) (1,128,854.12)
nufgL ultljlwsf] gub k|jfx (355,126.49) (341,497.88) (1,145,638.01)
ljQLo ultljlwsf] gub k|jfx
z]o/ kF"hLdf j[l4-sdL_ 156,776.40
sn kF"hLdf j[l4-sdL_ 89,372.95 61,068.00 (69,779.40)
C0fdf j[l4-sdL_ 344,211.12 375,843.74 7,17,175.17
ljQLo ultljlwsf] gub k|jfx 433,584.08 436,911.74 804,172.17
Gfubdf ePsf] s"n kl/jt{g (6,148.66) (37,305,.23) 20,932.89
ut jif{sf] a}+s tyf Gfub cj:yf 52,237.35 46,088.69 8,783.46
Rffn' jif{sf] a}+s tyf Gfub cj:yf 46,088.69 8,783.46 29,716.35
!(
-u_ cfly{s jif{ ;dfKt ePsf] ^ dlxgf kZrft ljj/0fkq l:js[ltsf] nflu k]z u/]df pQm cGtl/d cjlwsf] nflu
n]vfk/LIfsaf6 k|dfl0ft u/]sf] ckl/is[t ljQLo ljj/0f .
cfly{s aif{ ;dfKt ePsf] ^ dlxgf ggf3]sf] t/ n]vfkl/Ifsaf6 n]vfkl/If0f ug{ afFsL /x]sf]n] cf=j= @)&*÷&(
sf] ckl/is[t ljlQo ljj/0fx? o;df ;dfj]z ul/Psf] .
jf;nft -cfiff9 d;fGt, @)&(_ ckl/is[t ljQLo ljj/0f
@)
gub k|jfx ljj/0f -cfiff9 d;fGt, @)&(_ ckl/is[t ljQLo ljj/0f
ljj/0f ?= xhf/df
;+rfng ultljlwsf] gub k|jfx
cfos/ cufl8sf] v'b gfkmf/d'gfkmf gf]S;fgL 3,302.31
hf]8\g]
!= Xf; s§L 1,922.54
@= kl/iff]wg (Amortizaion)
36fpg]
!= crn ;DklQsf] ljqmLsf] gfkmf
@=nufgLaf6 cfDbfgL
sfo{lzn k"FhLsf] kl/jt{g cl3sf] ;+rfng gub k|jfx 5,224.86
!= rfn' ;DklQdf ePsf] sdL . -a[l4_ (5,068.25)
@= rfn' bfloTjdf ePsf] a[l4 . -sdL_ (38,130.68)
s ;+rfng ultljlwaf6 v'b gub k|jfx (37,974.07)
nufgL ultljlwaf6 v'b gub k|jfx
!= lgdf{0fflwg k"hLut ;DklQ (552,766.32)
@= cGo kl/of]hgfx?df nufgL
#=l:y/ ;DklQ / cfof]hgf -yk_ 36 (396.03)
v nufgL ultljlwaf6 v'b gub k|jfx (553,162.35)
ljlQo ultljlwsf] gub k|jfx
!= dh{/
@=sn kF"hLdf j[l4-sdL_ (168,065.00)
#= z]o/ k"FhLut shf{ -yk_ 36 333,367.50
$=kl/of]hgf C0f k|fKtL/-e'QmfgL_ 403,420.49
u ljlQo ultljlwaf6 v'b gub k|jfx 568,722.99
gubdf ePsf] s'n a[l4/sdL -s + v + u_ (22,413.44)
aiff{/Dedf gub tyf a}+s df}Hbft 29,716.35
aiff{Gtdf gub tyf a}+s df}Hbft 7,302.91
cf=j= @)&(.*) c;f]h d;fGtsf] dfof vf]nf xfO{8f« k] fj/ sDkgL lnld6]8sf] Joj:yfkgaf6 k|dfl0ft ePsf] ckl/is[t
ljQLo ljj/0f tn tflnsfdf k|:t't ul/Psf]5 .
jf;nft -c;f]h d;fGt, @)&(_ ckl/is[t ljQLo ljj/0f
k'FhL tyf bfloTj /sd ?= -xhf/df_
z]o/ k"FhL 660,000.00
hu]8f tyf sf]ifx? (57,883.17)
ltg{ afFsL shf{ ;fk6
lb3{sflng shf{ 1,841,231.48
cNksfnLg shf{ 300,000.00
Jofkfl/s tyf cGo ltg{afFsL
cGo rfn' bfloTj 200,683.28
s'n k"FhL tyf bfloTj 2,944,031.59
;DklQ
Gfub, a}}+s÷ljQLo ;+:yfdf /x]sf] df}Hbft 5,238.44
cGo crn ;DklQ
;DklQ, KnfG6 / d]l;g/L 8,278.65
nuflg 16,716.60
cd't{ ;DklQ
lgdf{0fflwg k"hLut ;DklQ 2,767,334.17
cGo ;DklQ 146,463.73
s'n ;DklQ 2,944,031.59
@!
gfkmf–gf]S;fg lx;fa -k|yd q}df;, c;f]h d;fGt, @)&(_ ckl/is[t ljQLo ljj/0f
ljj/0f /sd ?= -xhf/df_
ljlqm cfDbfgL
ljlqmsf] vr{
cGo cfDbfgL 119.79
Df]6fdf]6L cfDbfgL 119.79
JolQut vr{ -sd{rf/L af]g; ;lxt_
x|f| ; s6\6L / kl/iff]wg (Amortization) 391.00
cGo ;~rfng vr{ 4,183.83
s'n ;~rfng cfDbfgL
ljlQo cfDbfgL
ljlQo nfut
;Dk"0f{ sf/f]jf/ kl5sf] v'b d'gfkmf
cfos/ Joj:yf
v'b gfkmf÷-gf]S;fg_
gub k|jfx ljj/0f - k|yd q}df;, c;f]h d;fGt, @)&(_ ckl/is[t ljQLo ljj/0f
ljj/0f ?= xhf/df
;+rfng ultljlwsf] gub k|jfx (4,455.04)
cfos/ cufl8sf] v'b gfkmf/d'gfkmf gf]S;fgL
hf]8\g]
!= Xf; s§L 391.00
@= kl/iff]wg (Amortizaion)
36fpg]
!= crn ;DklQsf] ljqmLsf] gfkmf
@=nufgLaf6 cfDbfgL
sfo{lzn k"FhLsf] kl/jt{g cl3sf] ;+rfng gub k|jfx (4,064.04)
!= rfn' ;DklQdf ePsf] sdL . -a[l4_ (13,765.82)
@= rfn' bfloTjdf ePsf] a[l4 . -sdL_ 48,453.67
s ;+rfng ultljlwaf6 v'b gub k|jfx 35,365.85
nufgL ultljlwaf6 v'b gub k|jfx
!= lgdf{0fflwg k"hLut ;DklQ (227,654.61)
@= cGo kl/of]hgfx?df nufgL
#=l:y/ ;DklQ / cfof]hgf -yk_ 36
v nufgL ultljlwaf6 v'b gub k|jfx (227,654.61)
ljlQo ultljlwsf] gub k|jfx
!= dh{/
@=sn kF"hLdf j[l4-sdL_
#= z]o/ k"FhLut shf{ -yk_ 36
$=kl/of]hgf C0f k|fKtL/-e'QmfgL_ 190,224.29
u ljlQo ultljlwaf6 v'b gub k|jfx 190,224.29
gubdf ePsf] s'n a[l4/sdL -s + v + u_ (2,064.47)
aiff{/Dedf gub tyf a}+s df}Hbft 7,302.91
aiff{Gtdf gub tyf a}+s df}Hbft 5,238.44
3_ cfDbfgL / vr{ lx;fjsf] s'g} zLif{sdf 7'nf] dfqfdf kl/jt{g ePdf To;sf] ljZn]if0ffTds sf/0f M ;f] gePsf] .
ª_ kl5Nnf] ljQLo ljj/0fsf] n]vfk/LIf0f eP kZrft\ ;+ul7t ;+:yfsf] sf/f]af/, gfkmf gf]S;fg, ;DklQsf] d'No jf
cfufdL !@ dlxgfsf] bfloTj e'QmfgLdf c;/ kg]{ u/L s'g} cj:yf l;h{gf ePsf] 5÷5}g ;f] ;DaGwdf ;+rfnsx?sf]
wf/0ff M ;f] gePsf] .
r_ cfly{s jif{ ;dfKt ePkl5 ljj/0fkq k]z u/]df, cfly{s jif{ ;dfKt ePsf] ldltaf6 k]z ePsf] ldlt;Dddf
jf;nftsf] ldlt kl5sf] 36gfsf] af/]d f 5'§} hfgsf/L ljj/0fkqdf ;dfj]z ug' {kg]{ M ;f] gePsf] .
5_ ljut % jif{df ;DklQsf] k'g{d"NofÍg ul/Psf] 5÷5}g, olb ul/Psf] eP -c_ ;DklQsf] ljj/0f -cf_ ;DklQsf]
k'g{d"NofÍg cl3 / kl5sf] lstfaL d"No -O{_ k'g{d"NofÍsf] cf}lrTo M ;f] gePsf].
@@
h_ cfufdL tLg jif{sf] k|If]lkt jf;nft, gfkmf gf]S;fg lx;fasf ;fy} To;sf u0fgfsf] cfwf/x? M sDkgLsf] cfufdL
# cfly{s jif{sf] nflu k|If]lkt ljQLo l:ylt b]xfo adf]lhd /x]sf] 5 M
jf;nft
k|If]lkt ?= xhf/df
ljj/0f cf=a=)&(÷*) cf=a=)*)÷*! cf=a=)*!÷*@
k"FhL tyf bfloTj
z]o/ k"FhL 1,000,000.00 1,000,000.00 1,000,000.00
lgodg hu]8f
sn dgL
;+lrt gfkmf÷gf]S;fg (32,865.66) 14,622.71 37,691.66
hDdf 967,134.34 1,014,622.71 1,037,691.66
lb3{sflng bfloTj
lb3{sflng shf{ -a}+saf6 shf{_ 1,961,114.24 1,876,094.07 1,780,403.11
cNksflng shf{ - - -
Rffn'k"FhL shf{ 75,000.00 75,000.00 75,000.00
s"n shf{ 2,036,114.24 1,951,094.07 1,855,403.11
hDdf k"FhL tyf bfloTj 3,003,248.58 2,965,716.78 2,893,094.77
;DklQ tyf bfloTj
lb3{sflng ;DklQ
l:y/ ;DklQ
hDdf l:y/ ;DklQ -;DklQ tyf pks/0f_ 2,877,437.18 2,763,157.49 2,649,717.30
lgdf{0fflwg kl/of]hgf
hDdf lb3{sflng ;DklQ 2,877,437.18 2,763,157.49 2,649,717.30
nufgL 16,716.60 16,716.60 16,716.60
Rffn' ;DklQ
gub tyf a}+s df}Hbft 146,563.70 154,135.05 237,265.31
k|fKt x'g aFfsL -g]kfn ljB't k|flws/0f_ 86,205.00 88,791.15 91,377.30
cGo rfn' ;DklQ 13,743.99 12,369.59 11,132.63
hDdf rfn' ;DklQ 246,512.70 255,295.79 339,775.24
Go'gM rfn' bfloTj tyf Joj:yf
cGo bfloTj tyf k|fjwfg 137,417.90 69,453.09 113,114.37
hDdf rfn' bfloTj 137,417.90 69,453.09 113,114.37
v"b rfn' ;DklQ 109,094.80 185,842.69 226,660.87
hDdf ;DklQ 3,003,248.58 2,965,716.78 2,893,094.77
@#
gfkmfgf]S;fg lx;fa
k|If]lkt ?= xhf/df
ljj/0f cf=a=)&(÷*) cf=a=)*)÷*! cf=a=)*!÷*@
cfDbfgLM
ljB't lalqm cfDbfgL 249,822.80 449,710.48 462,976.96
cGo cfDbfgL - - 1,671.66
hDdf cfDbfgL 249,822.80 449,710.48 464,648.62
vr{
/f]oN6L vr{ (6,362.04) (10,356.06) (10,617.66)
k|f]h]S6 ;+rfng tyf k|zf;g vr{
ladf vr{ (5,908.09) (8,632.31) (8,289.47)
;fdflhs pQ/bfloTj (166.55) (449.71) (462.98)
a}s Ph]lG; z'Ns - (4,902.79) (4,690.24)
tna tyf eTtf (9,173.67) (14,173.32) (14,586.13)
3/ ef8f vr{ (720.00) (1,112.40) (1,144.80)
ljh'nL vr{ (160.00) (247.20) (254.40)
d;nGb vr{ (50.00) (77.25) (79.50)
6]lnkmf]g vr{ (83.33) (128.75) (132.50)
Ogwg vr{ (226.67) (350.20) (360.40)
;jf/L dd{t (100.00) (154.50) (159.00)
n]vf kl/If0f z'Ns (125.00) (128.75) (132.50)
kq klqsf (33.33) (51.50) (53.00)
dd{t tyf ;+ef/ (3,000.00) (4,635.00) (4,770.00)
a}s rfh{ tyf sldzg (187.50) (187.50) (187.50)
e|d0f vr{ (166.67) (257.50) (265.00)
clkm; vr{ (253.33) (391.40) (402.80)
ljljw vr{ (100.00) (154.50) (159.00)
EBDIT 223,006.62 403,319.85 417,901.75
x|f; vr{ (76,607.56) (114,279.69) (113,440.18)
EBIT 146,399.06 289,040.16 304,461.56
ljQLo vr{ (125,425.33) (240,602.02) (229,931.24)
EBT 20,973.72 48,438.14 74,530.32
Aff]g; vr{ (411.25) (949.77) (1,461.38)
cfo s/ - - -
:ylut s/ - - -
s/ s§fkZrft\sf] gfkmf 20,562.47 47,488.37 73,068.94
NPAT Brought Forward (53,428.13) (32,865.66) 14,622.71
Go"g M ljlgof]hg÷ ;dfof]hg
;dfof]hg - - -
k|:tfljt Nffef+z - - (50,000.00)
v'b gfkmf÷gf]S;fg (32,865.66) 14,622.71 37,691.66
@$
gub k|jfx ljj/0f
k|If]lkt -?=xhf/df_
ljj/0f )&(÷)*) )*)÷)*! )*!÷)*@
v'b gub k|jfx ;~rfng ultljlwaf6
rfn' jif{sf] Vf'b gfkmf ÷gf]S;fg 20,973.72 48,438.14 74,530.32
;dfof]hg
x|f;s§L 76,607.56 114,279.69 113,440.18
cfos/
sd{rfl/ af]Gf; lat/0f (411.25) (949.77)
sfo{lzn k"FhLsf] kl/jt{g cl3sf] ;~rfng ck|]zgaf6 gub k|jfx
sf/f]jf/ ;~rfngaf6 gub k|jfx
sfo{ut k"FhL ultljlwaf6 gub k|jfx
rfn' ;DklQdf -sdL÷-j[l4_ 37,490.95 (1,211.75) (1,349.19)
rfn' bfloTjdf -sdL÷-j[l4_ (15,222.96) (68,503.32) (6,850.33)
cfos/ cl3 ;~rfng ultljlwaf6 gub k|jfx
s/ - - -
;~rfng ultljlwaf6 gub k|jfx
nufgL ultljlwjf6 v'b gub k|jfx - - -
:yL/ ;DkQL vl/b (405,695.53) - -
cGo ;DkQL -vl/b_ ljqmL - - -
nufgL ultljlwjf6 v'b gub k|jfx - -
ljQLo ;|f]t ;DalGw sf/f]jf/af6 gub k|jfx
z]o/ kF"hLdf j[l4 340,000.00 - -
sn dgL kF"hLdf j[l4 - - -
C0fdf j[l4 -sdL_ 85,107.05 (85,020.17) (95,690.95)
nfef+z e'QmfgL - - -
ljQLo nfut - - -
ljQLo ultljlwsf] gub k|jfx
Gfubdf ePsf] s"n kl/jt{g
ut jif{sf] a}+s tyf Gfub cj:yf
Rffn' jif{sf] a}+s tyf Gfub cj:yf
jif{sf] cGTosf] a}+s tyf gub cj:yf
OSjL6Ldf ePsf] kl/j{tg
ljj/0f cf=a= @)&(÷)*) jf:tljs -?=xHff/df_
z]o/ k'FhL sn dgL ;+lrt gfkmf÷gf]S;fg hDdf
>fj0f !, @)&( ;fnsf] df}Hbft 660,000.00 - (53,428.13) 606,571.87
n]vf gLltx?df kl/jt{g M
cfly{s jif{sf] Gffkmf gf]S;fg - - 20,562.47 20,562.47
Nffef+z - - - -
hf/L z]o/ k'FhL 640,000.00 - - 640,000.00
@)*) cfiff9 d;fGtsf] clGtd df}Hbft 1,000,000.00 - (32,865.66) 967,134.34
@%
ljj/0f cf=a= @)*!÷)*@ jf:tljs -?=xHff/df_
z]o/ k'FhL sn dgL ;+lrt gfkmf÷gf]S;fg hDdf
>fj0f !, @)*! ;fnsf] df}Hbft 1,000,000.00 - 14,622.71 1,014,622.71
n]vf gLltx?df kl/jt{g M
cfly{s jif{sf] Gffkmf gf]S;fg - - 73,068.94 73,068.94
;fwf/0f hu]8f - - - -
Nffef+z - - (50,000.00) (50,000.00)
hf/L z]o/ k'FhL - - - -
@)*@ cfiff9 d;fGtsf] clGtd df}Gbft 1,000,000.00 - 37,691.66 1,037,691.66
@^
u=(=v=ljQLo cg'kft ;DaGwL ljj/0f M
s_ ;~rfng cjlw tLg jif{ JotLt e};s]sf] cj:yfdf ljut tLg aif{sf] / tLg jif{ JotLt e}g;s]sf] cj:yfdf
;~rfng cjlwsf] tyf cfufdL tLg jif{sf] k|If]l kt k|lt z]o/ cfDbfgL (EPS) tyf k|l t z]o/ g]6jy{ M
sDkgLsf] g]6jy{ tyf k|lt z]o/ cfDbfgLdf ePsf] jf:tljs tyf k|If]lkt cf};t k|ltkmn b]xfo adf]lhd /x]sf] 5 M
jf:tljs ?= xhf/df ckl/is[t ?= xhf/df k|If]lkt ?= xhf/df
ljj/0f )&%÷&^ )&^÷&& )&&÷&* )&*÷&( )&(÷*) )*)÷*! )*!÷*@
Zf]o/ k'FhL 346,632.50 407,700.5 494,697.5 660,000 1,000,000 1,000,000 1,000,000
;+lrt gfkmf÷gf]S;fg (27,682.78) (40,667.99) (56,730.45) (53,428.13) (32,865.66) 14,622.71 37,691.66
Go"gM vr{
v"b ;DklQ g]6jy{ xhf/df 318,949.72 367,032.51 437,967.05 606,571.87 967,134.34 1,014,622.71 1,037,691.66
z]o/ ;+Vof 3,466.33 4,077.01 4,946.98 6,600.00 10,000 10,000 10,000
k|lt z]o/ g]6jy{ -?=_ 92.01 90.03 88.53 91.90 96.71 101.46 103.77
g]6jy{df cf}ift k|ltkmn - - - - 2.13% 4.68% 7.04%
k|lt z]o/ cfDbfgL (4.24) (3.18) (3.25) 0.50 2.06 4.75 7.31
o; cjlw ;Dd ?=!!,@@,)(,^%*=*)÷– j[h Uofk tyf Term Loan / ?=!,%^,(*,^^,@^$=&!÷– cfjlws shf{
lnO ;s]sf] / cGo lng] tof/Ldf /x]sf] 5 .
v_ ;fj{hlgs lgisfzg ul/g] lwtf]kq k"0f{ ?kdf laqmL gePdf ;fj{hlgs lgisfzgsf] nflu p2]Zo k|fKtL ug{sf] nflu
ckgfOg] j}slNks Joj:yf M
cGo hnljB't sDkgLn] z]o/ lgisfzgubf{ ljutdf dfueGbf a9L z]o/sf] nflu b/vf:t k/L z]o/ sf/f]af/ ;d]t
eO{ ;s]sf]5 . sy+sbflrt lgisfzg ul/g] z]o/ :yflgo jfl;Gbfx?n] k"0f{?kdf vl/b gu/]df afFls z]o/ ;j{;fwf/0fx?sf]
nfuL lgisfzg ul/g] z]o/df yk ul/g] 5 .;j{;fwf/0fx?sf] nflu lgisfzg u/]sf] z]o/ s'g} sf/0fjz k"0f{ ?kdf
laqmL gePdf >L d'lQmgfy SofkL6n ln=, sdnfbL, sf7df08f}+ ;Fu ldlt @)&(÷)!÷!% df ?=#$,)),)),)))÷—
a/fa/sf] #$,)),))) lsQf z]o/ k|Tofe"lt ul/Psf] .
u_ cfof]hgfsf] ;+rfng :yfg, cfof]hgf r/0fj4 ?kdf sfof{Gjog ul/g] eP k|To]s r/0fdf nfUg] vr{, s'g} r/0f
;dfKt e};s]sf] eP ;f] ;DaGwL ljj/0f M o; sDkgLaf6 ;+v'jf ;ef lhNnfdf /x]sf wd{b]jL gu/kflnsf aLr
eP/ jxg] dfof vf]nfdf cfof]hgf lgdf{0f sfo{ eO/x]sf]5 .
3_ cfof]hgf ;DkGg x'g], kl/If0f pTkfbg z'? x'g] / k"0f{ Jofj;flos pTkfbg z'? x'g] cg'dflgt ldlt M dfof vf]nf
hnljB't cfof]hgf lgdf{0f sfo{ eO{ /x]sf] hnljB''t cfof]hgf !$=( d]=jf=hnljB't cfof]hgf ;DkGg x'g] ;Defljt
ldlt @)&( sflt{s !%, kl/If0f pTkfbg z'? x'g] @)&( sflQs !^ leq / k"0f{ Jofj;flos pTkfbg z'? x'g]
cg'dflgt ldlt M ! d+l;/ @)&( /x]sf] 5 .
@&
ª_ ;+ul7t ;+:yfn] s'g} pks/0f vl/b u/]sf] jf ug{ nfu]sf] eP pQm pks/0fsf] d"No jf k|f:tfljt d"No ;Knfo;{sf]
gfd / ;Knfo;{;Fu ;Demf}tf ePsf] eP ;f] sf] d'Vo a'Fbfx? M
ljj/0f d'No jf ;Knfo/sf] ;Knfo/ ;+usf] ;Demf}tfsf]
k|:tfljt d'No gfd d'Vo a'Fbf
On]S6«f]d]sflgsn dfof vf]nf hnljB't o"/f] !,#$*,))) WWS wasserkraft, GMBH, Supply of machinery and
cfof]hgf !$=( d]=jf= Austria parts
?=!&,&(,$),))) dxflj/ >L OG6/g]z gn k|f= Supply of machinery and
parts
lnld6]8
xfO8«f] d]sflgsn dfof vf]nf hnljB't cd]l/ls 8n/ !$,!%,)#!=^% P;f/ l:6n OlG8of lnld6]8 Supply of 2612.234 MT
cfof]hgf !$=( d]=jf= (Essar Steel India Limited) different size Metal Sheets
l;len sfo{ dfof vf]nf hnljB't sl/a ?= (*,%&,^*,($@÷– != :joDe' — PdPd h]le != x]8jS;{ tyf x]8/]; kfOk
cfof]hgf !$=( d]=jf= @= Kfljtf – lhof]6]s h]le lgdf{0f
#= Wff}nflul/ sG;6«S;g P08 @= ;'?Ë lgdf0f{
8]enKd]G6 k|f=ln= #= kfj/ xfp; tyf x]8/];
kfOk lgdf{0f
r_ s'g} kf6L{;Fu k|ltlnlk clwsf/ 6«8] dfs{ Ohfhtkq /f]oN6L ;xsfo{ ;DaGwdf jf ljQLo jf k|fljlws ;Demf}tf ul/Psf]
eP ;f] sf] k|d'v zt{x? / kf6L{sf] gfd 7]ufgf ;DaGwL lj:t[t ljj/0f M ;f] gePsf] .
5_ pTkfbg ;DaGwL cfof]hgf eP, ;f] sf] k|sl[ t, k|of]ustf{, k|lt:kwf{, nlIft ;d"x, pTkfbg Ifdtf, ljutsf jif{x?sf]
Ifdtf pkef]u jf eljiodf ul/g] Ifdtf pkef]u ;DaGwL ljj/0f M
sDkgLaf6 lgdf{ 0 f sfo{ eO/x] s f]] hnljB' t cfof] h gfsf] ljB' t pTkfbg Ifdtf !$=( d] = jf=/x] s f] .
cfof]hgfsf] k|s[lt M hnljB't cfof]hgf
k|of]ustf{ M cfof]hgfaf6 pTkflbt ljB't
g]kfn ljB't k|flws/0fsf] /fli6«o k|;f/0f nfOg dfkm{t ;j{;fwf/0fx?n] k|of]u ug]{ .
k|lt:kwf{ M xfn k|lt:kwf{ g/x]sf] .
nlIft ;d"x M g]kfn ljB't k|flws/0f .
sDkgLaf6 ;+v'jf;ef lhNnfsf] wd{b]jL gu/kflnsfdf lgdf{0f eO{ /x]sf] hnljB't cfof]hgfsf] ljB't pTkfbg
Ifdtf !$=( d]= jf=/x]sf] 5 .
-h_ cfof]hgfsf] nflu cfjZos sRrf kbfy{sf] pknAwtf / To;sf] >f]t M ;+v'jf;ef lhNnfsf] wd{b]jL gu/kflnsfdf
lgdf{0f eO{ /x]sf] hnljB't cfof]hgfsf] ljB't pTkfbg Ifdtf !$=( d]= jf=/x]sf] 5 .
em_ cfof]hgfsf] nflu cfjZos x'g] ljB't, kfgL, Uof;sf] dfqf / To;sf] >f]t M
;+v'jf;ef lhNnfsf] wd{b]jL gu/kflnsf, r}gk'/ gu/kflnsf / df]bL gu/kflnsf aLr jxg] dfof vf]nfsf] kfgL .
-`_ ;fj{hlgs lgisfzgsf nflu ul/g] vr{ k|d'v ?kdf b]xfodf pNn]lvt kIfx?nfO{ lbg] z'Nsx? ;DaGwL ljj/0f M
c_ lgisfzg tyf laqmL k|aGws— ?=!,)),)))÷—
cf_ 6«i6L -l8j]Gr/ lgisfzgsf] xsdf_— lgisfzg ul/g] l8j]Gr/ geO{ ;fwf/0f z]o/ ePsf] .
O{_ k|Tofe"ltstf{ z'Ns — ?=^,*),)))÷—
O_ lj1x?sf] kfl/>lds jf ;]jf z'Ns — g/x]sf] .
p_ n]vfkl/Ifssf] z'Ns —k|If]lkt ljQLo ljj/0f k|dfl0ft u/] afkt ?=&%,)))÷— (Exclusive Vat) e'QmfgL
ul/Psf] .
pm_ cGo—gePsf] .
u=!)=u= ;fj{hlgs lgisf;gaf6 k|fKt /sdnfO{ kl/of]hgfdf k|of]u ug{ k"j{ cGo s'g} Joj:yf ug{ nfluPsf] 5 eg] tT;DaGwL
ljj/0f M ;f] gePsf] .
u=!)=3= lk|ldoddf lwtf]kq hf/L ug]{ ePdf lk|ldod d"No lgwf{/0f ubf{ ckgfO{Psf] ljlw / cf}lrTo M z]o/sf] d"Nodf lk|ldod
yk ul/Psf] 5}g .
u=!)=ª= lwtf]kqsf] afF8kmfF8, lkmtf{ e'QmfgL tyf ;"rLs/0f ;DaGwL ljj/0f M
s_ cToflws dfu jf Go"g dfu ePsf] cj:yfdf afF8kmFf8sf] k|s[of M
o; ljj/0fkq dfkm{t hf/L ul/Psf] ;fwf/0f z]o/ ;+VofeGbf a9L ;+Vofdf ;fwf/0f z]o/ vl/bsf] nflu b/vf:t
k|fKt x'g cfPdf g]kfn lwtf]kq af]8{sf] k|rlnt ælwtf]kq lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$Æ df ePsf]
Joj:yf cg';f/ ;fwf/0f z]o/x? afF8kmfF8 ul/g]5 / z]o/ afF8kmfF8 ;DaGwL ;"rgf /fli6"o :t/sf] b}lgs klqsfdf
k|sflzt ul/g]5 .
!= z]o/ afF8kmfF8 ubf{ ;j{k|yd ;a} cfj]bsnfO{ bz lsQfsf] b/n] afF8kmfF8 ul/g]5 .
@= a'Fbf -!_ adf]lhd afF8kmfF8 u/] kZrft\ afFs L /x]sf] lgisflzt z]o/ aL; jf ;f] eGbf a9L lsQf cfj]bg ug]{
cfj]bsx?nfO{ k'gM bz lsQfsf] b/n] afF8kmfF8 ul/g]5 .
#= a'Fbf -@_ adf]lhd z]o/ afF8kmfF8sf] k|s[of ;DkGg ePkZrft\\ lwtf]kq afFsL ePdf ;f]xL k|s[of ckgfO{ afF8kmfF8
ul/g]5
@*
$= pk/f]Qmfg';f/ z]o/ afF8kmfF8 ubf{ !) lsQfsf b/n] ;a} cfj]bsx?nfO{ afF8kmfF8 ug{ ck'u x'g] cj:yfdf Go"gtd
!) lsQf kfpg] ul/ uf]nf k|yfaf6 cfj]bs 5gf}6 ul/ ul/g]5 .
% Þz]o/ afF8kmfF8 ;ˆ6j]o/ tyf afF8kmfF8 tflnsfsf ;DaGwdf af]8{sf] ;xdlt lnO{g]5 .
^= z]o/ afF8kmfF8sf] hfgsf/L afF8kmfF8 u/]sf] ef]nLkN6;Dddf af]8{, lwtf]kq ahf/ tyf ;j{;fwf/0fnfO{ hfgsf/L
u/fO{g]5 . ;fy}, Go"g dfu ePsf] cj:yfdf dfu eP adf]lhdsf] z]o/ cfj]bsnfO{ afF8kmfF8 u/L afF8kmfF8 x'g afFsL
/x]sf] z]o/ ;+ul7t ;+:yf / k|Tofe"l tstf{x? aLr ePsf] k|Tofe"lt ;DaGwL ;D´f}tfdf pNn]v eP cg';f/
k|Tofe"ltstf{x?nfO{ bfdf;fxLn] afF8kmfF8 ul/g]5 .
v_ cToflws dfu ePsf] jf afF8kmfF8 gePsf] cj:yfdf lkmtf{ e'QmfgL ;DaGwL Joj:yf M z]o/ laqmL aGb ePsf] ldltn]
af]8{n] lgwf{l/t u/]sf] ;doleq z]o/ afF8kmfF8 u/L k"0f{ jf cf+lzs ?kdf :jLs[t/c:jLs[t ePsf] Joxf]/f hgfOPsf]
z]o/ afF8kmfF8 kq / /sd lkmtf{ e'QmfgL k"hf{ lbOg]5 .
u_ lgj]bg ;fy k|fKt /sdsf] lkmtf{ e'QmfgLdf l9nfO{ ePdf lbOg] Jofhb/ M
lwtf]kq lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$ n] lgwf{l/t u/]sf] ;doleq z]o/sf] afF8kmfF8 kq tyf /sd
lkmtf{ e'QmfgL lbg g;lsPdf ælwtf]kq lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$Æ sf] bkmf @( -#_ ePsf] Joj:yf
adf]lhd z]o/ laqmL aGb ePsf] ldltb]lv /sd lkmtf{ e'QmfgL lbg z'? u/]sf] cl3Nnf] lbg;Ddsf] ;/sf/L C0fkqsf]
k|rlnt clGtd Jofhb/sf] cfwf/df x'g cfpg] Jofh ;lxt lx;fa u/L /sd lkmtf{ e'QmfgL ul/g] Joj:yf /x]sf]df
o; lgisf;gdf lwtf]kq vl/b -;fj{hlgs lgisfzg_ ;DaGwL lgb]{lzsf, @)&# -cf:jf_ n] u/]sf] Joj:yf adf]lhd
cfj] b g dfu ug' { k g] { ePsf] n ] cfj] b s s} a} + s vftfdf /sd /f] S sf x' g ] Joj:yf /x] s f] 5 .
3_ lwtf]kqsf] afF8kmfF8 tyf k|df0fkq hf/L ;DaGwL k|s[of / ;dofjwL M lgisfzg ul/g] ;fwf/0f z]o/ "lwtf]kq
lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$" df ePsf] Joj:yf cg';f/ ;fwf/0f z]o/sf] afF8kmfF8 u/L ;"rLs/0f
eP kZrft\ "lwtf]kq s]Gb|L o lgIf]k ;]jf lgodfjnL, @)^&" sf] lgod @$ sf] pklgod -&_ adf]lhd ;DalGwt
z]o/wgLsf] lxtu|fxL vftfdf cef}lts ¿kdf z]o/ hDdf ul/g]5 .
ª_ lwtf]kq ;"lrs/0f e};s]sf] eP To:tf] lwtf]kq ;"lrs/0f ul/Psf] lwtf]kq ahf/sf] gfd lwtf]kq sf/f]jf/ z'? x'gsf]
nflu ;+ul7t :f+:yfn] k"/f ug'{kg]{ zt{x? ;DaGwL ljj/0f M ;f] gePsf] .
r_ lwtf]kq ;"lrs/0f e}g;s]sf] eP, ;+ul7t ;+:yfn] lgisfzg tyf laqmL ul/g] lwtf]kqx? k|rlnt P]g, lgod cg';f/
;xh v/Lb/laqmL jf ljlgdo x'g ;Sg] u/fpgsf] nflu ul/g] Joj:yf ;DaGwL ljj/0f M lgisfzg ul/g] ;fwf/0f
z]o/sf] afF8kmfF8 kZrft\ lwtf]kq lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$ df ePsf] Joj:yf cg';f/ lgwf{l/t
cjlw leq ;j{;fwf/0fnfO{ ;fj{hlgs lgisfzg ul/g] lwtf]kq tyf pBf]u k|efljt If]qsf afl;Gbfx?nfO{ lgisfzg
ul/Psf] ;fwf/0f z]o/ ;"lrs/0f u/fO{ z]o/ vl/b/laqmLsf] Joj:yf ldnfOg] 5 .
u=!)=r= k|Tofe"lt ;DaGwL ljj/0f M
s_ lwtf]kq k|Tofe"lt ug]{ ;+ul7t ;+:yfsf] gfd, 7]ufgf / k|Tofe"lt ug]{ lwtf]kqsf] ;+Vof / /sd Mo; ljj/0fkq dfkm{t
lgisfzg ug{ nfluPsf] lwtf]kq dWo] !))Ü n] x'g cfpg] 34,00,000 lsQf ;fwf/0f z]o/sf] nflu
?=34,00,00,000÷— -rf}lt; s/f]8_ k|Tofe"lt ;]jf k|bfg ug{ lgDg k|Tofe"ltst{fx?;Fu ;Demf}tf u/]sf] 5 .
l;=g+= k|Tofe"ltstf{sf] gfd, 7]ufgf k|Tofe"tL z]o/ lsQf k|Tofe"tL ul/Psf] /sd -?=_
! d'lQmgfy SofkL6n lnld6]8, sdnfbL, sf7df08f}+ 34,00,000 34,00,00,000÷–
hDdf 34,00,000 34,00,00,000÷–
@(
v_ lgodfjnL, k|aGwkq k|fKt ug]{ jf x]g{ ;Sg] 7fpF, e'QmfgL ug]{ tl/sf, lng'kg]{ Go"gtd lwtf]kq ;+Vof / ;f] eGbf
dfly lng] ePdf s'g u'0ffÍdf lng ;Sg] xf] ;f] ;DaGwL ljj/0f M
!= o; sDkgLsf] k|aGwkq tyf lgodfjnL sfof{no ;doleq sDkgLsf] /lhi68{ sfof{no, sf7df8f}+
dxfgu/kflnsf j8f g+ $, w'Daf/fxL jf lwtf]kq lgisfzg tyf laqmL k|aGws k|e' Soflk6n dfs]6{ ; \ lnld6]8,
sdnfbL, sf7df08f}+df ;Dks{ /flv x]g{ jf k|fKt ug{ ;lsg]5 .
@= o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/ vl/bsf nflu b/vf:t lbFbf b/vf:tjfnfn] b/vf:t
;fy cfkm'n] vl/b ug{ rfx]sf] ;fwf/0f z]o/ ;+Vofsf] k|lt ;fwf/0f z]o/ ?=!))÷—sf b/n] x'g cfpg]
Psd'i6 /sd o; lgisfzgsf] nflu tf]lsPsf] ;+sng s]Gb|x?df hDdf u/L ;f] sf] ;Ssn ef}r/ jf a}+s
8«fkm\6 ;+nUg u/L b/vf:t lbg' kg]{5 .
#= o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/sf] nflu b/vf:t lbFbf b/vf:tjfnfn] sDtLdf !)
lsQf ;fwf/0f z]o/sf] nflu b/vf:t lbg' kg]{5 . olb s'g} b/vf:tjfnfn] !) lsQfeGbf a9L z]o/sf] nflu
b/vf:t lbg rfx]df !) c+ssf] u'0ffÍdf clwstd !)),))) -Ps nfv_ lsQf ;fwf/0f z]o/ vl/b ug{sf
nflu b/vf:t lbg ;Sg]5 .
$= o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f ;]o/ j}b]lzs /f]huf/Ldf /x]sf JolQmx?sf] xsdf z]o/ vl/b
ug{sf nflu b/vf:t lb+bf b/vf:tjfnfn] af]8{af6 lwtf]kq vl/b b/vf:t ;+sng ;DaGwL sfo{ ug{ cg'dlt
k|fKt cfZjf ;b:o a}+s jf ljQLo ;+:yfdf /x]sf] ljk|]if0f -/]ld6\ofG;_ art vftf dfkm{t dfq e'QmfgL ug'{
kg]{5 .
u_ cfj]bg lb+bf kfngf ug'{kg]{ zt{ aGb]hx? h:t} Ps eGbf a9L b/vf:t lbg gkfOg], nufgLstf{sf] klxrfgsf]
nflu gful/stf÷hGdbtf{sf] k|dfl0ft k|df0fkqsf] k|ltlnlk k]z ug'{kg]{ jf lwtf]kq bnfn Joj;foLn] lbPsf]
u|fxssf] kl/ro gDa/ / ;DalGwt Joj;foLsf] gfd v'nfpg'kg]{ / a}+s vftf dfkm{t sf/f]af/ ul/g'kg]{ h:tf
kIfx? M
cfof]hgf k|efljt If]qsf jfl;Gbfx?sf] xsdf
;+v'jf;ef lhNnfsf] wd{b]jLsf] lkn'jf vf]nf hnljB't cfof]hgfsf clt k|efljt tyf k|efljt lhNnfsf :yfgLo
afl;Gbfx?n] o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/ lgDg adf]lhd k|s[of k'/f ePsf] cj:yfdf
z]o/ vl/b ug{ cfj]bg lbg ;Sg]5g\ M
!= cfj]bsn] b/vf:t kmf/ddf tf]lsP adf]lhd ;Dk"0f{ ljj/0f e/L] b:tvt u/L pBf]u clt k|efljt tyf k|efljt
lhNNffsf afl;Gbf k|dfl0ft ug]{ :yflgo lgsfoaf6 hf/L sfuhft ;lxt b/vf:t kmf/d a'emfpg' kg]{5 .
@= !^ jif{ pd]/ k'u]sf] xsdf cfj]bsn] cfkm\gf] gful/stf k|df0fkqsf] k|ltlnlk :jo+n] k|dfl0ft u/L clgjfo{
?kdf b/vf:t kmf/d a'emfpFbf k]z ug'{kg]{5 .
#= !^ aif{eGbf sd pd]/sf nflu cfdf÷afa'n] ;+/Ifs eO{ cfj]bg lbg' k/]df g]kfn ;/sf/sf] kl~hsflwsf/Lsf]
sfof{noaf6 k|fKt gfafnssf] hGdbtf{ k|df0f–kqsf] k|ltlnlk ;+/Ifsåf/f clgjfo{ ?kdf k|dfl0ft u/L
cfj]bg;fy k]z ug'{kg]{5 . ;fy} b/vf:t kmf/ddf ;+/Ifssf] gful/stf k|df0fkqsf] k|ltlnlk ;d]t ;+/Ifs
:jo+n] k|dfl0ft u/L ;+nUg ug'{ kg]{5 .
$= ljjfx e} cfPsf dlxnfsf xsdf ljjfxbtf{ k|df0fkqsf] k|ltlnlk ;d]t ;+nUg u/]s f] x' g' kg]{5 .
%= aF;fO{+;/fO{ ul/ cfPsf] xsdf cfJxfgkq k|sflzt x'g' eGbf cufj}÷z]o/ cfj]bg lbg] ;do;Dd aF;fO{ ;/fO{
u/L cfPsf] k|df0fkqsf] k|ltlnkL ;d]t ;+nUg u/]sf]] x'g'kg]{5 .
^= dfly pNn]lvt x'g 5'6]sf ljt/0f k|lqmofdf ljjfb cfPdf ;DalGwt sfof{nosf] ;j{blno ;+oGqsf] lg0f{o
jf lhNnf ljsf; ;ldltsf] ;j{b lno ;+o Gqsf] lg0f{o ;lxtsf] l;kmfl/; kq k] z ug' {k g] {5 .
&= !^ aif{ pd]/ k'uL gful/stf lnPsf] t/ ljjfx u/L ;+v'jf;ef lhNnf 5f]l8 cGo lhNnf uPsf dlxnf Pj+
lhNnf 5f]l8 a;fO{ ;/fO{ u/L uPsf JolQm / kl/jf/x?df pNn]lvt ;'/lIft z]o/ lng] clwsf/ /xg] 5}g .
*= cfdf afa' afx]s cGo JolQm ;+/Ifs e} gfafns jf ljlIfKt JolQmsf] gfddf b/vf:t lb+bf sfg'g adf]lhd
;+/IfsTjsf] k|df0f k]zug{'kg]{5 .
(= lwtf]kq vl/b ug{sf nfuL b/vf:t lbg rfxg]n] tf]lsPsf] ;+sng s]Gb|df z]o/ vl/bsf] nfuL b/vf:t
a'emfpg' kg]{5 .
!)= cfj]bg kmf/d a'emfpFbf b/vf:t kmf/ddf Go"gtd ?kdf v'Ng'kg]{ egL tf]lsPsf ljj/0fx? ;a} :ki6 ?kdf
e/]sf] b/vf:t kmf/d a'emfpg' kg]{5 .
!!= Ps JolQmn] cfkm'n] lng rfx]sf] ;Dk"0f{ z]o/sf] nflu Psj6f dfq cfj]bg u/]sf] x'g' kg]{5 . olb Ps} JolQmn]
Ps eGbf a9L cfj] b g lbPsf] e] l 6Pdf lghn] lbPsf] ;a} cfj] b gx?nfO{ /2 ul/g] 5 .
!@= pBf]u clt k|efljt tyf k|efljt lhNnfsf afl;Gbfaf6 cfj]bg dfu ubf{ a;fO{;/fO{ jf cGo sf/0fn] a;fO{
;/]sfx?n] cfj]bg lbg kfpg] 5}gg\ .
!#= ;fwf/0f z]o/ vl/b ug{sf nflu b/vf:t lbg] JolQm :jo+n] b/vf:t kmf/ddf b:tvt u/L tf]lsPsf] ;+sng
s]Gb|x?df ;fwf/0f z]o/ vl/bsf nflu b/vf:t a'emfpg' kg]{5 . o;/L b/vf:t kmf/ddf b:tvt gu/]sf] /
tf]lsPsf ;+sng s]Gb|x? afx]s cGo :yfgx¿df b/vf:t kmf/d a'emfPsf] b/vf:t kmf/dnfO{ /2 ul/g]5 .
!$=cfof]hgf clt k|efljt tyf k|efljt lhNnfsf afl;Gbfx?n] z]o/ vl/b u/]df ;j{;fwf/0fsf nflu ;fj{hlgs
lgisfzg ul/g] ;fwf/0f z]o/sf] nflu k'gM cfj]bg lbg kfpg] 5}gg\ .
!%= ;Dk"0f{ b/vf:tjfnfx? -gfafnsx? ;d]t_ n] clgjfo{ ?kdf cfkm\gf] vftf /x]sf] a}+s jf ljQLo ;+:yfsf]
gfd, 7]ufgf / vftf gDa/ ;d]t :ki6 ?kdf b/vf:t kmf/ddf v'nfpg' kg]{5 . b/vf:tjfnfn] b/vf:t
kmf/ddf cfkm\gf] vftf gDa/ pNn]v ubf{ Clearing House sf] ;b:o ePsf] a}+s jf ljQLo ;+:yfdf
ePsf] vftf gDa/ pNn]v ug'{ kg]{5 .
#)
!^= ?=%),)))÷– eGbf a9L nufgL ug]{ b/vf:tjfnfn] b/vf:t lb+bf clgjfo{ ?kdf PsfpG6k]oL r]s dfkm{t
/sd hDdf ug'{ kg]{5 .
!&= ?=% nfv ;Dd /sd a/fa/sf] cfj]bg ug]{ b/vf:tjfnfn] :j]lR5s ?kdf / ?=% nfv eGbf a9L /sd
a/fa/sf] cfj]bg ug]{ b/vf:tjfnfn] clgjfo{ ?kdf Kofg (PAN No.) gDa/ b/vf:t kmf/ddf v'nfpg'
kg]{5 .
!*=b/vf:tjfnfn] Psf3/ kl/jf/ afx]s Ps eGbf a9L b/vf:t kmf/d ;dfj]z u/L cfj]bg lbPsf] cj:yfdf
k|To]s b/vf:tjfnfn] cfkm\g} vftfsf] Psfp06 k]oL r]s a'emfpg'kg]{5 .
!(= lxtu|fxL vftf vf]nL ;s]sf] cfj]bssf] xsdf lxtu|fxL vftf g+= pNn]v ug'{kg]{5 .
@)=;fy} g]kfn lwtf]kq af]8a{ f6 ldlt @)&%÷!)÷)& sf] lgb]z { g adf]lhd cfof]hgf k|efljt If]qsf :yflgojf;Lx?n]
P]lR5s ?kdf cf:jf k|0ffnLdfkm{t\ cfj]bg lbg ;Sg] 5 .
@!= cfof]hgf k|efljt tyf clt k|efljt lhNnfsf afl;Gbfx?sf] nflu ljt/0f ul/Psf] z]o/ ;j{;fwf/0fsf nflu
lgisfzg ul/Psf] z]o/ afF8kmf6 ePsf] ldltn] tLg jif{ k"/f geP;Dd c? s;}nfO{ laqmL jf x:tfGt/0f
ug{ kfOg] 5}g .
@@= ;fy} :yflgo af;LGbfx?sf] nfuL 5'6ofO{Psf] z]o/df s'g} Ps ;d'x÷If]qdf sd cfj]bg k|fKt ePdf ;dfg'kftLs
?kdf ;f]] a/fa/sf] z]o/ csf]{ ;d'x÷If]qdf ;dfof]hg u/L afF8kmfF8 ul/g]5 .
j}b]lzs /f]huf/Ldf /x]sf g]kfnLx?sf] xsdf M
!= g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 >d l:js[lt lnO{ ljb]zdf j;L /f]huf/L ul//x]sf g]kfnLx?n] o;
ljj/0fkq cg';f/ cfj]bg ug{ kfpg]5g\ .
@= o; ljj/0fkq cg';f/ lwtf]kq vl/b ug{ rfxg] g]kfnLx?n] z]o/df cfj]bg lb+bf g]kfn lwtf]kq af]8{af6
b/vf:t ;+sng ;DalGw sfo{ ug{ cg'dlt k|fKt cf:jf ;b:o a}+s jf ljQLo ;+:yfdf /x]sf] ljk|]if0f -/]ld6\ofG;_
art vftf dfkm{t dfq e'QmfgL ug'{kg]{5 .
#= z]o/df cfj]bg ug{ ljk|]if0f -/]ld6\ofG;_ art vftfdf kl5Nnf] 5 dlxgfdf sDtLdf %) xhf/ g]kfnL ?k}ofF
;DalGwt cfj]bsn] cfkm' /f]huf/ /x]sf] d'n'saf6 hDdf u/]sf] x'g' kg]{5 .
$= g]kfn ;/sf/sf] ;DalGwt lgsfoaf6 >d l:js[lt lnO{ j}b]lzs /f]huf/Ldf /x]sf g]kfnLx?n] o;/L cfj]bg
ug{sf nflu l8Dof6 clgjfo{ /x]sfn] ;DalGwt lgIf]k ;b:ox?af6 k|bfg ul/g] cgnfO{6 kf]6{nx?af6 klg
l8Dof6 vftf vf]Ng ;Sg]5g\ .
%= lgisflzt z]o/df cfj]bg lbPsf ljb]zdf a;L /f]huf/ ul//x]sf g]kfnL gful/sn] ;j{;fwf/0fnfO{ 5'6\ofO{Psf]
z]o/df cfj]bg ug{ ;Sg] 5}gg\ .
^= cfof]hgf k|efljt If]qsf afl;Gbfsf nflu lgisfzg ul/Psf] z]o/df afF8kmfF8df k/]sf z]o/wgLx?n] o;
lgisfzgdf cfj]bg lbg kfpg] 5}gg\ / olb cfj]bg u/]sf] kfO{Pdf ;f] cfj]bg :jtM cof]Uo 7xl/g] 5 .
&= cf:jf (ASBA) ;]jfdf ;xefuL a}s tyf ljQLo ;+:yfn] ASBA cGt{ut lng] cfj]bgsf] 9fFrf lwtf]kqsf]
;fj{hlgs lgisfzgsf] s]lb|s[t ljB'tLo ;]jf ;DaGwL sfo{ ;~rfng lgb]{lzsf, @)&$ sf] cg';'rL % adf]lhd
x'g'kg]{5 .
*= cf:jf (ASBA) ;]jfdf ;xefuL a}s tyf ljQLo ;+:yfn] ASBA cGt{ut lng] cfj]bgsf] 9fFrf lwtf]kqsf]
;fj{hlgs lgisfzgsf] s]lb|s[t ljB'tLo ;]jf ;DaGwL sfo{ ;~rfng lgb]{lzsf, @)&$ sf] cg';'rL % adf]lhd
x'g'kg]{5 .
(= l;l8P; P08 lSnol/Ë lnld6]8af6 pknAw u/fO{Psf] æd]/f] z]o/Æ ;ˆ6j]o/af6 klg cfj]bsn] cfj]bg ug{
;Sg]5g\ . To;sf nflu cfj]bsn] cfˆgf] lxtu|fxL vftfdf a}+s vftfsf] ljj/0f pNn]v ul/;s]sf] x'g' kg]{5
/ ;DalGwt a}+s tyf ljQLo ;+:yfaf6 CRN g+= lnO{;s]sf] x'g' kg]{5 .
!)= l/tk"j{s k|fKt gePsf] b/vf:t tyf cfj]bg kmf/fddf pNn]v ePsf] lxtu|fxL vftf g+= / cfj]bssf] gfd
l;l8P;;Lsf] clen]vdf km/s k/]sf] kfO{Pdf ;f] kmf/fdnfO{ z]o/ afF8kmfF6df ;dfj]z gul/g] x'+bf cfj]bg
kmf/fddf e/]sf] lxtu|fxL vftf g+= cfj]bs :jo+n] Plsg ug'{kg]{5 .
!!= l/tk"j{s k|fKt gePsf] b/vf:t tyf cfj]bg kmf/fddf pNn]v ePsf] lxtu|fxL vftf g+= / cfj]bssf] gfd
l;l8P;;Lsf] clen]vdf km/s k/]sf] kfO{Pdf ;f] kmf/fdnfO{ z]o/ afF8kmfF6df ;dfj]z gul/g] x'+bf cfj]bg
kmf/fddf e/]sf] lxtu|fxL vftf g+= cfj]bs :jo+n] Plsg ug'{kg]{5 .
!@= cfj]bsn] cfj]bg kmf/d a'emfpFbf b]xfosf s'/fx?df ljz]if Wofg lbO{ :ki6;+u cfj]bg kmf/d e/L a'emfpg'
kg]{5 M
s= lwtf]kq lgisf;gstf{ sDkgLsf] gfd .
v= cfj]bssf] gfd, y/, 7]ufgf, gful/stf g+=, b:tvt, ;Dks{ kmf]g g+=, Od]n 7]ufgf .
u= vl/b ug{ rfx]sf] lwtf]kqsf] ;+Vof –c+s / cIf/df .
3= vl/b ug{ rfx]sf] lwtf]kq jfktsf] /sd –c+s / cIf/df .
ª= cfj]bssf] vftf /x]sf] a}+ssf] gfd, 7]ufgf, vftf g+= / vftfsf] lsl;d .
5= cfj]bssf] lxtu|fxL –l8Dof6 vftf gDa/
!#= cfj]bsx?n] cfj]bg lb+bf l;–cf:jf ;b:o a}+sx?df /x]sf] cfj]bg jfktsf] /sd /f]Ssf /flvg] vftf cGo
s'g} k|sf/n] /f]Ssf /x]sf] jf lgliqmo (Dormant) /x]sf] x'g' x'b}g .
!$= cfj]bg lbPsf] /sd a/fa/sf] /sd vftfdf x'g' kg]{5 .
!%= Ps JolQmn] cfkm'n] vl/b ug{ rfx]sf] ;fwf/0f z]o/sf] nflu Ps eGbf a9L b/vf:t lbg kfOg] 5}g . olb
Ps JolQmsf] gfddf Ps eGbf a9L cfj]b g k|f Kt x' g cfPdf ;Dk'0 f{ b/vf:tnfO{ /2 ul/g]5 .
#!
!^= lwtf]kq v/Lbsf] nflu b/vf:t lb+bfsf] cj:yfdf jf b/vf:t lbO{;s]kl5 v/Lb u/]sf] lwtf]kq jfktsf]
/sd e'QmfgL gx'+b} k|rlnt sfg'g adf]lhd clwsf/ k|fKt clwsf/L jf lgsfoaf6 nufgLstf{sf] vftf /f]Ssf
/fVg] cfb]z k|fKt ePdf lgisfzg tyf ljqmL k|aGwsn] To:tf] b/vf:t kmf/fdnfO{ cfb]z adf]lhd ug]{5 .
!&= lwtf]kq afF8kmfF8 ug'{k'j{ clVtof/ k|fKt lgsfoaf6 s'g} nufgLstf{sf] vftf /f]Ssf /fVg cfb]z jf lgb]{zg
k|fKt ePdf ;DalGwt a}+s jf ljQLo ;+:yfn] To:tf] cfb]z jf lgb]{zg cg';f/ ;DalGwt nufgLstf{sf] vftf
/f]Ssf u/L To;sf] hfgsf/L t'?Gt lgisfzg tyf ljqmL k|aGwsnfO{ lbg' kg]{5 .
!*=z]o/sf] afF8kmfF8 u/L ;"lrs/0f eP kZrft afF8kmfF8df k/]sf cfj]bsx?nfO{ afF8kmfF8df k/]sf] z]o/ lghx?sf]
lxtu|fxL vftfdf hDdf ug{] Joj:yf ul/g] ePsf]n] ;Dk"0f{ cfj]bsx?n] clgjfo{ ?kdf cfkm\gf] lxtu|fxL vftf
g+= cfj]bg kmf/fddf pNn]v ug'{ kg]{5 .
!(= ?= %,)),)))÷– ;Ddsf] nflu cfj]bg lbg] cfj]bsn] :j]lR5s ?kdf / ;f]eGbf a9L /sdsf] nflu cfj]bg
lbg] cfj]bsn] clgjfo{ ?kdf cfj]bgdf cfkm\gf] :yfoL n]vf gDa/ (PAN) v'nfpg'kg]{5 . o; cltl/Qm ?=
%,)),)))÷– jf ;f]eGbf a9L /sd cfj]bg lbg] cfj]bsx?n] cfkm"n] cfj]bg lbFbf hDdf u/]sf] /sd ;DklQ
z'4Ls/0f P]gsf] alv{nfk x'g] u/L cfh{g gu/]sf] egL pb\3f]if0f ug'{kg]{5 .
@)=j}b]lzs /f]huf/Ldf /x]sf g]kfnLx?sf nflu o; ljj/0fkq dfkm{t lgisfzg ul/g] z]o/sf nflu Go"gtd
!) lsQf / clwstd %),))) lsQf ;Ddsf nflu cfj]bg lbg ;Sg]5g\ .
;j{;fwf/0fn] o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/ lgDg adf]lhd cfa]bg lbg ;Sg]5g\ .
1. lwtf]kq vl/b ug{sf nflu b:tvt lbg rfxg]n] g]kfn lwtf]kq af]8{af6 cg' dlt lnO{ lwtf]kqsf] ;fj{hlgs
lgisfzgsf] s]lGb|s[t ljB'lto ;]jf ;DaGwL sfo{ ;~rfng lgb]{lzsf, @)&$ adf]lhd ;fj{hlgs lgisfzgdf
Centralized Application for ASBA Based Issuance (C-ASBA) k|0ffnL dfkm{t\ cfa]bg ;+sng ug{
cfaå cf:jf (ASBA) ;]jfdf ;xefuL a}s+ tyf ljQLo ;+:yf tyf tLgsf zfvf sfof{nox?af6 cfj]bg
lbg ;Sg]5g\ .
2. (C-ASBA) ;]jfdf ;xefuL a} +s tyf ljQLo ;+:yfx?n] pk/f]Qm adf] lhd a' emLlnPsf] kmf/d tf] lsPsf]
;dojlw leq (C-ASBA ) k|0ffnLdf k|ljli6 ug'{kg]{5 .
3. ;Ël7t ;+:yfn] k|f/lDes ;fj{hlgs lgisfzg dfkm{t hf/L u/]sf] z]o/ vl/bsf nflu k|fs[lts JolQmn] dfq
b/vf:t lbg ;Sg]5. tf]lsPsf] cjlwleq laqmL gePdf ;+ul7t ;+:yf jf k|rlnt sfg'g ad]lhd :yfkgf
ePsf ;+:yfn] To:tf] z]o/ vl/b ug{ ;Sg]5 .
u=!!= ;DalGwt kIf aLrsf] sf/f]af/ ;DaGwL ljj/0f M
lgisfzgstf{ ;+ul7t ;+:yf / lgDg lnlvt kIf aLr ljut @ jif{sf] cjlwdf s'g} k|sf/sf] j:t'ut sf/f]af/ ePsf]
jf s'g} sf/f]af/ ug{ k|:tfj ul/Psf] eP sf/f]af/df ;+nUg JolQmx?sf] gfd, ltgLx?sf] ;+ul7t ;+:yf ;Fusf] ;DaGw,
sf/f]af/sf] k|s[lt / /sd M
s_ ;+ u l7t ;+ : yfsf] sfo{ s f/L clws[ t jf ;+ r fnssf] ?kdf /x] s f] JolQm M sf/f] a f/ gePsf] .
v_ cfwf/e"t z]o/wgL M cfwf/e"t ;+:yfks /x]sf] k|e' Soflk6n lnld6]8n] lgisfzg tyf ljqmL k|aGws afktsf]
z'Ns ?=!,)),)))÷–-Ps nfv_ lnPsf] .
u_ v08 -s_ / -v_ df pNn]lvt s'g} AolQmsf] Psf3/ kl/jf/ ;b:o M sf/f]af/ gePsf] .
3_ ;+ul7t ;+:yfsf] sfo{sf/L clws[t jf ;+rfns jf cfwf/e"t z]o/wgLn] #) k|ltzt jf ;f] eGbf a9L dtflwsf/
x'g] u/L z]o/ :jfldTj u|x0f u/]sf] sDkgL jf ;+ul7t ;+:yf M ;f] gePsf] .
ª_ ;+ul7t ;+:yf jf To;sf] ;xfos sDkgLn] xfnsf] ;+rfns jf gLhsf] Psf3/sf] kl/jf/sf] ;b:osf nflu s'g}
sf/f]af/ jf ;Demf}tf u/]sf] 5 eg] ;f] jf ljj/0fkq k|sfzg ug'{ eGbf # jif{ cufl8sf] cjlwdf ;+:yfsf] ;+rfns
jf ;+rfnssf] Psf3/ kl/jf/sf] ;b:osf nflu s'g} sf/f]af/ jf ;Demf}tf u/]sf] eP ;f] s'/f M s'g} sf/f]af/ jf
;Demf}tf u/]sf] 5}g .
r_ s'g} ;+rfns jf ;+rfnssf] Psf3/ kl/jf/sf] ;b:onfO{ s'g} C0f lbPsf] jf lgh;Fu lnPsf] eP pQm C0f
;DaGwL lj:t[t ljj/0f h:t} C0f afkt lnPsf] /sd, C0fsf] Aofhb/, C0f lnPsf] ldlt, C0f e'QmfgL cjlw
cflb s'/f ljj/0fkqdf v'nfpg' kg]{ M C0f sf/f]af/ u/]sf] 5}g .
u= !@= ljb]zL nufgL / Joj:yfkg ;DaGwL ljj/0f M
ljb]zL nufgL / Joj:yfkgdf ;+ul7t ;+:yf ;+rfng x'g] eP ;f] sf] ljj/0fsf ;fy} ;DalGwt ;Demf}tfsf] d'Vo
tyf tflTjs a'Fbfx? M sDkgLdf ljb]zL nufgL / ljb]zL Joj:yfkgdf g/x]sf] .
u= !#= ;"lrs[t ;+ul7t ;+:yfn] ;fj{hlgs lgisfzg ug]{ ePdf ;f] sf] ljj/0f M
s_ ;+ul7t ;+:yfsf] ljut # cfly{s jif{sf] k|To]s q}dfl;s cjlwsf] pRrtd, Go"gtd, clGtd ahf/ d"Nosf ;fy}
sf/f]af/ ePsf] z]o/ ;+VofM lgisfzgstf{ sDkgL ;"lrs[t ;+ul7t ;+:yf gePsf] .
v_ af]8{df ljj/0fkq btf{sf] nflu k|:t't ug'{ eGbf ^ dlxgf cufl8sf] cjlwsf] dfl;s ?kdf pRr, Go"g / clGtd
d"Nosf ;fy} k|To]s dlxgfdf sf/f]jf/ ePsf] s'n lbg / s'n sf/f]af/ ePsf] lwtf]kq ;+Vof M gePsf] .
u= !$= kl5Nnf] ;fj{hlgs lgisfzgsf] cg'dfg tyf pknAwL ;DaGwL ljj/0f M
;+ul7t ;+:yfn] o; eGbf cuf8L lwtf]kq lgisfzg ubf{ tof/ u/]sf] ljj/0fkq jf cGo ljj/0fx?df pNn]lvt
ul/Psf nIo tyf sfo{qmdx? tyf v'b d'gfkmf xfl;n ug{ ;s]÷g;s]sf], g;s]sf] cj:yfdf nIo tyf sfo{qmdsf
;fy} ljj/0fkq jf cGo ljj/0fx?df k|If]lkt v'b d'gfkmf eGbf aL; k|ltzt jf ;f] eGbf a9Ln] Go"g x'g uPsf] eP
o;/L km/s kgf{sf] sf/0f M xfn;Dd s'g} ;fj{hlgs lgisfzg gul/Psf] .
#@
u=!%= k/fdz{bftf÷ ljz]if1 ;DaGwL ljj/0f M
s_ n]vfkl/Ifs, k|d'v a}+s, lgisfzg sfo{;Fu ;+nUg a}+s, k|If]lkt ljQLo ljj/0f 7Ls 5 egL k|dfl0ft ug]{ lj1 cflbsf]
gfd tyf 7]ufgf M
c_ cf=j=@)&*÷&( df o; sDkgLsf] n]vfkl/Ifsdf rf6{8{ PsfpG6]06 >L cf/= s]= P08 Pzf]lzo6\; sf >L
/ljg s'df/ >]i7, sf7df08f} /xg' ePsf] 5 .
cf_ o; lgisfzgsf] nflu b]xfosf a}+snfO{ lgisfzg a}+s (Banker to the Issue) sf] ?kdf lgo'Qm ul/Psf]
5.
l;=g+= lgisfzg a}+ssf] gfd, 7]ufgf a}+s vftf gDa/
! k|e' a}+s lnld6]8, sdnfbL !!!))^#!*!!^))!!#
;fy} cfjZostf cg';f/ lgisfzg z'? x'g' eGbf # lbg leq af]8{nfO{ hfgsf/L lbO{ cGo a}+sx?nfO{ ;d]t
o; z]o/ lgisfzgsf] nflu lgisfzg a}+ssf] ?kdf lgo'Qm ug{ ;lsg]5 .
O_ o; ljj/0fkqdf pNn]lvt ljQLo ljj/0f tyf k|If]k0fsf] cg'dfg tyf cfwf/x? xfnsf] hnljB't ahf/sf]
l:ylt, lgisfzgstf{ sDkgLsf] xfnsf] bIftf / lgisfzgstf{ sDkgLn] k|fKt u/]sf] xfn;Ddsf] sfo{ k|ultsf]
cfwf/df k'g/fjnf]sg u/L ljj/0f 7Ls 5 egL cf/= l6= P08 Pzf]lzo6\;, rf6{8{ PsfpG6]G6\; af6 k|dfl0ft
ePsf] 5 . sDkgLsf] ljQLo ljj/0f k|If]k0f ljut jif{sf] sf/f]jf/sf] cfwf/df lgisfzg sDkgLn] tof/ u/]sf]
xf] .
z]o/ lgisfzg ;DaGwL Joj:yf tyf ljj/0fx? sDkgLn] k|bfg u/]sf] ljjj/0fsf] cfwf/df Joj;flos ;+:yf
>L k|e' Soflk6n lnld6]8, sdnfbL, sf7df08f}+n] tof/ u/]sf x'g\ . o; z]o/ lgisf;gsf nflu lgisfzg
tyf laqmL k| a Gwsdf k| e ' SofkL6n lnld6] 8 , sdnfbL, sf7df08f} } n fO{ lgo' Q m ul/Psf] 5 .
v_ dfly v08 -s_ df pNn]lvt ;+:yf jf JolQm;Fu ePsf] ;xdltsf d'Vo d'Vo a'Fbf tyf zt{x? M ;f] gePsf] .
u= !^= kl/of]hgf ;DkGg ug{sf] nflu ;fj{hlgs lgisfzgafx]s cGo ljQLo >f]tx? k|of]u ul/Psf] 5÷5}g, tT;DaGwL ljj/0f
of] kl/of]hgf lgdf{0f ug{sf nflu ;+:yfks z]o/wgLx?sf] :jnufgL, / a}+s tyf ljQLo ;+:yfx?af6 C0f k|fKt ul/
cfof]hgfsf sfdx? ;+rfng e}/x]sf] 5 . sDkgLn] shf{ /sd e'QmfgL q}dfl;s ?kdf ug]{5 . k|:t't ljj/0f efb| !%,
@)&( ut] ;Ddsf] /x]sf] 5 .
qm= a}+s tyf :jLs[t shf{sf] ls:tf z'? tyf xfn ;Dd afFsL
;+= ljlQo shf{ em'QmfgLsf] e'QmfgLsf] xfnsf] e'QmfgL shf{
;+:yfsf] gfd /sd cjlw tl/sf Jofhb/ ul/Psf] shf{ /sd /sd
! l;l6hG; a}+s 85,80,00,000/- kl/of]hgf &%,(!,@@,#!$/- 9,88,77,686/-
O{G6/g]zgn lnld6]8 30,00,00,000/- lgdf{0f !@=@!Ü
7,50,00,000/- ;DkGg q}dfl;s
@ l;len a}+s lnld6]8 57,10,00,000/- kZrft !@ !@=@!Ü $&,$$,&*,!)(/- 9,65,21,891/-
# ;]~r'/L a}s
+ lnld6]8 57,10,00,000/- jif{ leq !@=@!Ü $&,@$,)^,&^(/- 9,85,93,231/-
3_ ;fj{hlgs lgisfzg ug{sf nflu ;~rfns ;ldltaf6 ePsf] lg0f{o ;DaGwL ljj/0f M
sDkgLsf] ldlt @)&*÷)#÷)( df a;]sf] ;~rfns ;ldltsf] a}7saf6 ;j{;fwf/0fsf] nflu 5'§fOPsf]?=!))÷—
c+lst b/sf] #$,)),))) lsQf z]o/ lgisfzg ug{] lg0f{o ul/Psf] 5 . sDkgLn] cfˆgf] hf/L k"h
F L ?=!,)),)),)),)))÷–
-Ps ca{_ dWo] ;:yfks ;d'xsf z]o/wgLx?nfO{ ^^% cyf{t ^^,)),)),)))÷– -5}+;7L s/f]8_ /sd a/fa/sf]
?= !))÷— c+lst b/sf ^^,)),))) lsQf z]o/ afF8kmfF8 ul/;s]sf], sDkgLn] cfˆgf] hf/L k"FhL ?=!,)),)),)),)))÷–
-Ps ca{_ sf] #$Ü cyf{t\ #$,)),))) -rf}lt; nfv_ lsQf ;fwf/0f z]o/ ;j{;fwf/0fsf] nflu lgisfzg ug]{5 .
h;dWo] o; ljj/0f dfkm{t hf/L k"FhLsf] !)Ü cyf{t ?=!),)),)),)))÷– -bz s/f]8_ /sd a/fa/sf] ?=!))
c+lst b/sf !),)),))) lsQf ;fwf/0f z]o/ cfof]hgf k|efljt If]q -r}gk'/ gu/kflnsf j8f g+ * / (, wd{b]jL
g=kf=sf j8f g+= #,$,%, dfbL g=kf=sf j8f g+= $ / ^ / afFsL tLg} gu/kfnLsfsf] j8fx?_ sf afl;Gbfx?sf] lwtf]kq
btf{ tyf afF8kmfF8 lgb]{lzsf, @)&$ sf] clwgdf /xL lgisfzg u/L laqmL ljt/0f ul/g]5 . ;fy}, cfof]hgf k|efljt
If]qsf afl;Gbfx?nfO{ z]o/ afF8kmfF8 u/] kZrft ;j{;fwf/0fnfO{ hf/L k"FhLsf] @ k|ltzt cyf{t ?=$*,)),)))÷–
-c7rfnL; nfv_ /sd a/fa/sf] ?=!))÷– c+lst b/sf $*,))) lsQf z]o/ sd{rf/Lx?sf] nflu 5'6\ofPsf] /
hf/L k"FhLsf] % k|ltzt cyf{t ?=!,@),)),)))÷– -Ps s/f]8 aL; nfv_ /sd a/fa/sf] ?=!))÷– c+lst b/sf
!,@),))) lsQf z]o/ ;fd"lxs nufgL sf]ifsf] nflu ;'/lIft u/L afFsL @@,#@,))) lsQf ;fwf/0f z]o/x?sf]
;j{;fwf/0fx?sf] nflu lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# sf] clwgdf /xL ;fj{hlgs lgisfzg
ul/g]5 .
gf]6M g]kfn lwtf]kq af]8a{ f6 ldlt @)&(÷)&÷!& ut] b]lv nfu' x'g] u/L :jLs[t ePsf] lwtf]kq lgisfzg tyf afF8kmfF8
-5}7f}+ ;+zf]wg_ lgb]{lzsf, @)&( sf] bkmf $ -v_,-!_ df Joj:yf eP adf]lhd ;j{;fwf/0fdf ;fj{hlgs lgisfzg
ul/g] z]o/sf] !) k|ltzt j}b]lzs /f]huf/Ldf /x]sf g]kfnLx?sf nflu 5'6\ofOPsf] .
ª_ ;+ul7t ;+:yf jf o;sf z]o/wgLnfO{ s'g} ljz]if s/ ;'ljwf lbOPsf] eP,;f] ;DaGwL ljj/0f M ;f] gePsf] .
r_
;+ul7t ;+:yfsf] kl5Nnf] cfly{s jif{sf] n]vfk/LIf0f ePsf] jf;nft, gfkmf gf]S;fg lx;fj / gub k|jfx ljj/0f
k|fKt ug{ jf x]g{ ;Sg] 7fpF / ;do M
sfof{no ;doleq lgDg lnlvt :yfgx?df sDkgLsf] kl5Nnf] cfly{s jif{sf] n]vfk/LIf0f ePsf] jf;nft, gfkmf–gf]S;fg
lx;fj tyf gub k|jfxsf] ljj/0f k|fKt ug{ jf lg/LIf0f ug{ ;lsg]5 .
!= sDkgLsf] /lhi68{ -s]Gb|Lo_ sfof{no, sf7df8f}+ dxfgu/kflnsf j8f g+ $, w'Daf/fxL .
@= lwtf]kq lgisfzg tyf laqmL k|aGws >L k|e' Soflk6n lnld6]8, sdnfbL, sf7df08f}+ .
5_ af]g; z]o/ ;DaGwL Joj:yf M
xfn;Dd af]g; z]o/ hf/L ul/Psf] 5}g . eljiodf k|rlnt P]g / g]kfn lwtf]kq af]8{sf] k|rlnt af]g; z]o/
lgisfzg ;DaGwL Joj:yf cg';f/ af]g; z]o/ hf/L ug{ ;Sg]5 .
#$
h_ z]o/jfnf, sd{rf/L jf c? s;}sf] nflu z]o/ ;'/lIft ug]{ Joj:yf ul/Psf] ePdf ;f] s'/f M
o; ljj/0fkq dfkm{t lgisfzg ul/g] !),)),))) lsQf ;fwf/0f z]o/ cfof]hgf k|efljt If]q -pBf]u k|efljt
If]q_ ;+v'jf;ef lhNnf clt k|efljt If]q r}gk'/ gu/kflnsf j8f g+ * / (, wd{b]jL g=kf=sf j8f g+= #,$,% dfbL
g=kf=sf j8f g+= $ / ^ / afFsL tLg} gu/kfnLsfsf] j8fx?nfO{ k|efljt If]qdf :yfoL ?kdf a;f]jf; ug]{ ;Dk"0f{
afl;Gbfx?sf nflu lgisfzg ul/Psf] 5 . ;fj{hlgs lgisfzg ul/g] z]o/sf] !) k|ltzt cyf{t ?=@,$),)),)))÷–
-b'O{ s/f]8 rfnL; nfv_ /sd a/fa/sf] ?=!))÷– c+lst b/sf @,$),))) -b'O{ nfv rfln; xhf/_ lsQf z]o/x?
g]kfn ;/sf/sf] ;Dalwt lgsfoaf6 >d :jLs[t k|fKt u/L ljb]zdf a;L /f]huf/ ul//x]sf g]kfnLx?sf nflu
lgisfzg ul/Psf] 5 . o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/ ;a} laqmL x'g g;sL afFsL /x]df To:tf]
afFsL /x]sf] z]o/x? ;j{;fwf/0fx?nfO{ yk u/L laqmL ug{ ;lsg]5 . afFsL @$,)),))) dWo] !,@),))) lsQf
;fwf/0f z]o/ ;fd'lxs nufgL sf]if / $*,))) lsQf ;fwf/0f z]o/ sDkgLsf sd{rf/Lsf nflu 5'§fOPsf] / afFsL
!(,(@,))) lsQf ;fwf/0f z]o/ ;j{;fwf/0fx?sf] nflu lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# sf] clwgdf
/xL lgisfzg ul/g]] 5 . sd{rf/Lsf] nflu 5'§fOPsf] z]o/ dWo] sd{rf/Laf6 a9L dfu e} cfPsf] xsdf ;~rfns
;ldltn] cf}lrTok"0f{ tj/af6 afF8kmfF6 ug]{5 . sd{rf/Lsf] nflu 5'§fOPsf] z]o/sf nflu dfu eO{ gcfPsf] cj:yfdf
afFls z]o/x? ;j{;fwf/0fdf afF8kmfF8 ul/g]5 .
em_ sDkgLn] sDkgL P]gn] u/]sf] Joj:yfx?, cfˆgf] sf/f]af/;Fu ;DalGwt P]g, lgod tyf lgodg Joj:yf k"0f{ kfngf
u/]sf] ;DaGwdf u/]sf] pb\3f]if0f M
sDkgLn] sDkgL P]g, @)^# n] u/]sf] Joj:yfx?, cfkm"n] ug]{ Joj;fo;Fu ;DalGwt P]g, lgod tyf lgodg Joj:yf
tyf lgodg lgsfox?n] lbPsf] lgb]{zgx?sf] k"0f{ ?kdf kfngf u/]sf] 5 / ;f]xL lgb]{zgx?sf] bfo/f leq /xL sfo{
ul//x]sf] / o; ljj/0fkqdf pNn]v ul/Psf] ljj/0fx? ;d]t ;f]xL cg'?k tof/ ul/Psf] xf] eGg] sDkgLsf] pb\3f]if0f
/x]sf]5 .
`_ lwtf]kq laqmL ljt/0f ;DaGwL Joj:yf M
o; ljj/0fkq dfkm{t lgisflzt ;fwf/0f z]o/ laqmL ljt/0fsf nflu cfof]hgf clt k|efljt tyf k|efljt If]q -
pBf]u k|efljt If]q_ ;+v'jf;ef lhNnfdf slDtdf rf/ ;+sng s]Gb|sf] Joj:yf u/L cfjb]g kmf/d tyf ljj/0fkq
ljt/0f / cfj]bg kmf/d ;lxt b/vf:t /sd a'lemlng] Joj:yf ul/g]5 . cfjZostf cg';f/ :jLs[lt lnP kl5
cGo ;+sng s]Gb|x? yk ug{ ;lsg]5 . ;j{;fwf/0fsf] xsdf g]kfn lwtf]kq af]8{af6 Ohfhtkq k|fKt cf:jf ;b:o
a}+s tyf ljQLo ;+:yfx?sf tyf ltgsf tf]lsPsf] zfvf sfof{nox?af6 cfa]bg lbg;Sg] Aoa:yf ul/Psf] 5 ;fy}
l;l8P; P08 lSnol/Ë lnld6]8åf/f ;~rflnt d]/f] z]o/ (Mero Share) cgnfOg k|0ffnL dfkm{t klg cfj]bg ug{
;lsg]5 .\
6_ qm]l86 /]l6Ë ;DaGwL Aoa:yf M
o; ljj/0fkq cg';f/ lgisfzg ul/g] ;fwf/0f z]o/sf] nflu lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# df
ePsf] Joj:yf adf]lhd sDkgLsf] O:o"/ /]l6Ë u/fpg' kg]{ ePsf]n] qm]l86 /]l6Ë lgodfjnL, @)^* sf] lgod #
adf]lhd g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt qm]l86 /]l6Ë ;+:yf Oqmf g]kfn lnld6]8af6 O:o"/ /]l6Ë u/fO{ "[ICRANP-
IR) BB-" /]l6Ë k|fKt u/]sf] 5 . "[ICRANP-IR) BB-" n] sDkgLsf] bflxTj jxg ug]{ Ifdtf cf};t hf]lvd "Moderate
risk of default regarding timely servicing of financial Obligations" /x]sf hgfpFb5 . Oqmf g]kfn lnld6] 8n]
[ICRANP-IR) AAA b]lv [ICRANP-IR) D ;Ddsf] /]l6Ë k|bfg ub{5 h;df u|]8 [ICRANP-IR) AAA n] ;sf/fTds cfwf/
hgfpF5 eg] [ICRANP-IR) D n] gsf/fTds cfwf/x¿ hgfpF5 . ;f] ;DaGwL ljj/0f o; ljj/0fkqsf] bkmf @@ -0f_
df pNn]v ul/Psf] 5 . O:o"/ /]l6Ë u|]8 k|bfg u/]sf] ldlt M @)&(÷)%÷!$ axfn /xg] cjlw @)*)÷)%÷!@
7_ ljj/0fkq tof/ ug]{ JolQmsf] gfd, y/, z}lIfs of]Uotf / cg'ejsf] ljj/0f M o; ljj/0fkq tof/ kfg]{ Joj;flos
;+:yfdf k|e' Soflk6n lnld6]8, sdnfbL, sf7df08f}+ /x]sf]] 5 .
8_ ;sf/fTds kIfx? M
!= cfof]hgfaf6 k|fKt x'g] cfodf !) jif{ cfos/ 5'6 tyf ;f] kZrft\\ % jif{sf] nflu %) k|ltzt cfos/ 5'6
k|fKt ePsf] x'Fbf nfef+zsf] b/ a9L /x]sf] .
@= 8fpg lkn'jf vf]nf ;fgf hnljB't cfof]hgfsf] ;Dk"0f{ ;+/rgf, d]l;g, cf}hf/ tyf pks/0fx?sf] hf]lvdnfO{
Go"lgs/0f ug{ ladf
ul/Psf] .
#= sDkgL;Fu bIf o'jf hgzlQm /x]sf]n] of] sDkgL g]kfndf hnljB't cfof]hgfsf] ljsf; / lgdf{0fsf] sfddf
;kmn /x]sf] .
$= hnljB'tsf] If]qdf cWoog cg';Gwfg tyf ljsf; sfo{df of]hgfj4 9+un] ;dlk{t eP/ sfd ul//x]sf] o;
sDkgLsf] eljio pHjn
/x]sf] .
9_ z]o/ /lhi6«f/ ;DaGwL Joj:yf M
g]kfn :6s PS;r]~h lnld6]8 tyf l;l8P; P08 lSnol/Ë lnld6]8df ;"lrs/0f u/] kZrft\\ z]o/sf] bflvn vf/]h,
b:tvt ?h' cflb ;DaGwL sfo{ o; sDkgLsf] sfof{noaf6 jf sDkgLsf] ;~rfns ;ldltn] tf]s] adf]lhd z]o/
/lhi6«f/sf] sfof{noaf6 x'g] u/L Joj:yf ul/g]5 .
0f_ lwtf]kq laqmL v'Nnf cjlw M
o; ljj/0fkq dfkm{t\ k|yd r/0fdf cfof]hgf k|efljt If]qsf jfl;Gbfx?df lgisfzg ul/g] ;fwf/0f z]o/sf] nflu
cfa]bg lbg] cjlw sDtLdf !% -kGw|_ lbg / a9Ldf #) -tL;_ lbg x'g]5 . ;fj{hlgs lgisfzg ul/g] z]o/sf] !)
k|ltzt g]kfn ;/sf/sf] ;Dalwt lgsfoaf6 >d :jLs[t k|fKt u/L ljb]zdf a;L /f]huf/ ul//x]sf g]kfnLx?sf
#%
nflu cfa]bg lbg] cjlw sDtLdf !% -kGw|_ lbg x'g]5 . pQm cjlwdf cfof]hgf k|efljt If]qsf afl;Gbfx?sf nflu
/ g]kfn ;/sf/sf] ;Dalwt lgsfoaf6 >d :jLs[t k|fKt u/L ljb]zdf a;L /f]huf/ ul//x]sf g]kfnLx?sf nflu
lgisfzg u/]sf] z]o/ k'/f laqmL gePdf pQm laqmL gePsf] z]o/ ;d]t yk u/L ;j{;fwf/0fsf] nflu yk u/L bf]>f]
r/0fdf ;j{;fwf/0fsf] nflu cfj]bg lng] sfo{ sDtLdf rf/ sfo{ lbgsf] nflu v'Nnf ul/g]5 . ;f] cjlwleq lgisfzg
ul/Psf] ;a} lwtf]kq laqmL gePdf ;+:yfut nufgLstf{n] ;d]t cfa]bg ug{ kfpg] u/L bf>f] r/0fsf] b/vf:t
v'Nnf ePsf] ldltn] j9Ldf !% lbgsf nflu lwtf]kqsf] b/vf:t v'Nnf /xg]5 . cfjZostfeGbf a9L ;fwf/0f z]o/sf]
nflu cfj]bg kg{ cfPdf s'g} klg avt ;fwf/0f z]o/sf] laqmL aGb ug{ ;lsg]5 t/ $ -rf/_ sfo{ lbgeGbf cufl8
z]o/ vl/bsf] nflu cfj]bg lng] sfo{ aGb ul/g] 5}g .
t_ lwtf]kq lgisfzgsf] qmddf af]8a{ f6 :jLs[t ePsf] ljj/0fkq nufgLstf{n] ;xh ?kdf x]g{ ;Sg]5g\ / nufgLstf{x?nfO{
;'lrt lg0f{o (Informed Decision) df k'Ug ;xh ug]{ p2]Zon] To:tf ljj/0fx? ;DalGwt lgisfzg tyf laqmL
k|aGws tyf lgisfzgstf{ sDkgL k|To]s sf] cfkm\gf] j]e ;fO6df lwtf]kq laqmL aGb geP;Dd /flvg]5 .
y_ af]8{af6 :jLs[t ePsf] ljj/0fkq ;fj{hlgs lgisfzgsf] nflu k|sfzg ug{' @ lbg cufl8 ;f] sf] Ps k|lt (Soft
Copy) af]8{sf] j]e;fO6df /fVg] k|of]hgsf] nflu pknAw u/fpg] 5f}+ .
b_ lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# sf] bkmf ( sf] pkbkmf # adf]lhd zt{x? kfngf ;DaGwL ljj/0f .
s_ cfˆgf] pb]Zo cg';f/ sf/f]af/ ;~rfng ug{sf] nfuL cfjZos sfo{x? cufl8 a9fO{ Ps aif{sf] cjlw k"/f u/]sf] M
ldlt @)^&÷)@÷!$ df g]kfn ;/sf/ sDkgL /lhi6«f/sf] sfof{nodf dfof vf]nf xfO8«f]kfj/sf] gfddf k|fOe]6
lnld6]8 sDkgLsf] ?kdf btf{ eO{ ldlt @)&#÷)*÷!& b]lv vf]nf xfO8«f]kfj/ sDkggL lnld6]8 sDkgLdf kl/0ft
e} sDkgL P]g, @)^# / ljB't P]g, @)$( cGtu{t sfd÷sf/f]af/ ub}{ cfO{/x]sf] 5 . ;+vj' f;ef lhNnfdf !$=(
d]=jf= Ifdtfsf] dfof vf]nf hnljB't cfof]hgfsf] lgdf{0f sfo{ e}/x]sf] 5 .
v_ k|rlnt sfg'g adf]lhd n]vfkl/If0f tyf ;fwf/0f;ef ;DkGg ePsf] M
cf=j= @)&&÷&* sf] n] v f kl/If0f tyf ;fwf/0f ;ef ldlt @)&*÷)(÷@* df ;DkGg ePsf] .
u_ cfˆgf] pb]Zo cg';f/ sf/f]af/ ;+rfng ug{sf] nflu k|rlnt sfg'g adf]lhd s'g} lgsfoaf6 Ohfht cg'dlt
jf :jLs[lt lng'kg]{ ePdf o:tf] Ohfht, cg'dlt kq jf :jLs[lt lnO{;s]sf] M
!$=)( d]=jf Ifdtfsf] dfof vf]nf xfO{8«f]kfj/ sDkgL lnld6]8nfO{ pQm cfof]hgf ;+rfngsf nflu g]kfn ;/sf/,
ljB't ljsf; ljefuaf6 ldlt @)&!÷)@÷@^ df Ohfht kq k|fKt u/]sf] .
3_ ;+ul7t ;:yfsf] nflu cfjfZos kg]{ hUuf vl/b jf cGo k|sf/sf] Joj;fo u/L sf/vfgf ejg, sfof{no ejg,
uf]bfd3/ tyf cGo cfjZos ;'ljwfx?sf] lgdf0f{ sfo{ ul/;s]sf] M
o; kl/of]hgfsf] nflu cfjZos kg]{ hUuf vl/b u/L sfof{no ejg nufot kl/of]hgfsf] lgdf0f{ sfo{
e}/x]sf] .
ª_ pTkfbgsf] k|j[lQ 5gf]6 u/L pBf]usf] nflu cfjZos kg]{ oflGqs pks/0f tyf To;sf kf6k"hf{ cflb vl/b
ug'{kg]{ ePdf 6]08/ cflb vl/b k|s[of cufl8 a9fO{;s]sf] M
o; cfof]hgf l;len ;+/rgf, xfO8«f] d]sflgsn O{SjLkd]G6 / O{n]S6«f] d]sflgsn O{SjLkd]G6jS;x? h:t} l;len
jS;x? – :joDe' —PdPd h]le, wf}nflu/L sG:6«S;g P08 8]end]G6 k|f=ln tyf kljtf—lhof]6]s h]le tyf
xfO8«f] d]sflgsn O{SjLkd]G6 – P;f/ l:6n lnd6]9 ef/t cfoft ul/ 8g xfO8«f] d]sflgsn jS;{ k|f= nL= dfkm{t
h8fg ug]{ sfo{ / O{nS] 6«f] d]sflgsn O{SjLkd]G6 8An'=8An'=P;= jf;/qmfkm\6, cli6«of dfk{mt v/Lb k|lqmof l;naGbL
sf]6];g lnO{ ;6{ln:6 k|lqmof ¢f/f ;DkGg ePsf] / cfof]hgfsf nflu cfjfZos kg]{ oflGqs pks/0f vl/b
u/L h8fg ;d]t e}/x]sf]5 .
r_ lwtf]k qsf] ;fj{ h flgs lgisfzg ;DaGwdf lgisfzgtyf laqmL k| aGws;F u ;Demf}t f eO;s]s f] M
dfof vf]nf xfO{8f« ]kfj/ sDkgL lnld6]8af6 k|alw{t o; kl/of]hgfdf nufgL ug{ dfof vf]nf hnljB't cfof]hgfn]
lwtf]kqsf] ;fj{hlgs lgisfzg ;DaGwdf k|e' Soflk6n lnld6]8nfO{ lgisfzg tyf laqmL k|aGwssf] ?kdf
lgo'ltm u/L ldlt @)&&÷!@÷!@ df ;Demf}tf e};s]sf] .
5_ cfof]hgfsf] lgdf0f{ cjlwe/ sDkgLsf] C0f / kF"hLsf] cg'kft lgb]{lzsfdf tf]lsPsf] cg'kftdf /fVg ;xdt
ePsf] M
dfof vf]nf xfO{8«f]kfj/ sDkgL lnld6]8af6 k|al4{t o; dfof vf]nf hnljB't cfof]hgf kl/of]hgfdf nufgL
ug{ sDkgLsf] C0f / kF"hL ^^M#$ sf] cg'kftdf /fVg ;xdt ePsf] .
h_ ;+:yfksn] lng sa'n u/]sf] lwtf]kq /sd zt k|ltzt r'tmf eO;s]sf] M
;+:yfksn] lng sa'n u/]sf] dfof vf]nf xfO{8«f]kfj/ sDkgL lnld6]8n] dfu u/]sf] lwtf]kq /sd r'tmf eO;s]sf] .
em_ kl/of]hgf lgdf0f{sf] nflu kmfOgflG;on Snf]h/ e};s]sf] M
dfof vf]nf hnljB't cfof]hgf !$=)( d]=jf ;+rfngsf] nflu l;l6hG; a}+s O{G6/g]zgn ln= sf] ;xljQLos/0f
cGtu{t l;len a}+s lnld6]8 / ;]~r'/L a}+s lnld6]8, ;F+u kmfOgflG;on Snf]h/ eP/ C0f;d]t lnO{Psf] .
~f_ hnljB't pTkfbg ;:yf ePdf ljB't vl/b laqmL ;Demf}tf ul/;s]sf] M
dfof vf]nf hnljB't cfof]hgfsf !$=( d]=jf Ifdtfsf] dfof vf]nf xfO{8«fk] fj/ sDkgL lnld6]8af6 pQm cfof]hgf
;+rfngsf nflu g]kfn ;/sf/, ljB't ljsf; ljefuaf6 ldlt @)&!÷)@÷@^ df Ohfht kq k|fKt u/]sf] .
6_ ;j{;fwf/0fsf] nflu lgisfzg ug{ nfu]sf] z]o/x? lgb]{lzsfdf tf]lsPsf] adf]lhd k|Tofe"lt u/fPsf] M
dfof vf]nf xfO{8f« ]kfj/ sDkgL lnld6]8af6 k|jlw{t o; kl/of]hgfdf nufgL ug{ lwtf]kqsf] ;fj{hlgs lgisfzg
ug{ nfu]sf z]o/x? lgb]{lzsfdf tf]lsP adf]lhd d'lQmgfy SofkL6n lnld6]8 af6 ldlt @)&(÷)!÷!% df
k|Tofe"lt ;DaGwL ;Demf}tf ePsf] .
#^
u=@#= ;~rfns tyf lj1x?sf] gfd tyf b:tvt M
o; ljj/0fkqdf k|sflzt tYo tyf ljj/0fx? 7Ls b'?:t 5g, ;f] df s'g} km/s k/]df xfdL ;~rfnsx? k"0f{?kdf
lhDd]jf/ x'g]5f}+ egL ;xL 5fk ug] sDkgLsf ;~rfnsx?sf] gfd tyf b:tvt M
#&
u=@$= lgisfzg tyf laqmL k|aGwssf] k|:t't u/]sf] k|lta4tf kq -8\o' 8]lnh]G;\ ;l6{lkms]6_ sf] k|lt M
#*
u=@%= ljj/0fkq, ljQLo ljj/0f tyf cGo s'g} s'/fdf lj1n] /fo lbPsf] ePsf] ;DaGwL kq M
#(