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Project capitalized during Q3FY25
& 9MFY25
on consolidated basis Rs 3417 crore [Rs 1784 crore in Q3FY24] and Rs 7423 crore
[Rs 5780 crore in 9mFY24] respectively. Capex spent during Q3FY25
& 9MFY25
on consolidated basis Rs 7649 crore [Rs 3444 crore in Q3FY24] and Rs 17651
crore [Rs 7690 crore in 9mFY24] respectively. Till 31st January 2025, CapEx and
project capitalized has been Rs 9,480 crore
and Rs 7906 crore. Yeah. The company is on track of achieving the FY25
capitalization target of Rs 18000 crore.
Works in Hand as end of Jan 31, 2025 was Rs 143749 crore of which TBCB project are Rs 93681
crore, ongoing RTM Projects are Rs 8333 crore, New RTM Projects are Rs 38568 crore
and others (Includes Cross-Border, Data Centre, Smart Metering, Nagda Solar
Generation) Rs 3168 crore. Today
it has won one more transmission project worth about Rs 3,500 crores in
Karnataka thus taking the current order on hand to Rs 147000 crore. Pojects won in 3QFY25 and 9mFY25
was Rs 19828 crore and Rs 63909 crore respectively. During Q3FY25, the company
emerged as L1 bidder in 07 ISTS TBCB projects with a levelized Tariff of Rs
2,077.58 crore. It includes transmission system for the evacuation of power for
Rajasthan REZ Phase IV Part 3 or Part A and Part B. Then transmission system
for power evacuation from Kudankulam Unit 3 and 4 in Southern region. Then
transmission system for power evacuation in Rajasthan, Phase IV, Part 4, Part
A. Then system strengthening at Koppal-II and Gadag-II for integration of RE
power in the grid. Sixth one is augmentation of transformation capacity at
Khavda area KPS1 and KPS2, Phase V Part B1 and Part B2. Then augmentation of
transformation capacity 3x500 MVA transformers and 1x1,500 MVA transformer at
Bidar substations. FY25 capex plan is Rs 23000 crore [of
which TBCB Rs 14209 crore, RTM Rs 3914 crore and Others (non DCO) Rs 4877
crore]. Outstanding dues as end of Dec 2024 was
Rs 6633 crore [Rs 4181 crore more than 45 days; Rs 2029 crore less than 45
days] up from Rs 4735 crore [Rs 2708
crore more than 45 days; Rs 2029 crore less than 45 days] as end of Sep 2024. Major dues are
from Tamil Nadu, UP, Telangana and Madhya Pradesh. Consolidated debt as end of Dec
31, 2024 was Rs 1,29,288 crore. Equity in TBCB projects under
operation was Rs 4,390 crores as against Rs 3,763 crore last year. Equity in
TBCB projects under construction was Rs 302 crore as against Rs 504 crore last
year. Projects worth about Rs 52000 are
currently under bidding. Capital expenditure as per
National Electricity Plan of the country in the interstate transmission system will
be Rs 660774 crore during 2022-2032 period [of which about Rs 269150 crore for
2022-27 and Rs 3914624 crore for
2027-2032 period] and Rs 255368 crore in Intrastate transmission systems during
the same period. Thus total planned CapEx for transmission system will be about
Rs 9,16,142 crores up to 2032. PGCIL EESL JV
(where it holds 39% stake) - have not
put any equity in the last almost a year or two. The loss accounted (for 39% stake) is about
Rs 140 crore that is accounted in consolidated financials. This impact of CERC tariff regulations in the O&M portion
is around Rs 140 crore in Q3FY25 and Rs 450 crore for 9mFY25. Considering the orders on hand and their execution schedule,
the company target commissioning of
project worth Rs 25000 crore next year and Rs 35000 crore each in a year next to
that and another Rs 35000 crore a year after that. CapEx of the company for FY25 will be Rs 23000 crore. And
for FY26 it will be in the range of about Rs 28000-30000 crore and for FY27 it
will be Rs 35000 crore. Regulated equity in the RTM projects will be about Rs
80000-83000 crore as end of Dec 2024.
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