Tuesday 23rd April 2024

THDC India Ltd., scored a Very Good rating.

Dec 5th, 2021 4:58 pm | By | Category: SPECIAL NEWS COVERAGE

Government of India, Ministry of Finance, Department of Public Enterprises has recently issued MoU Score and Rating for the year 2019-20 of CPSEs under the administrative control of various Ministries and Departments. THDC India Ltd., has outstandingly scored 75.21 with a Very Good rating in the list. R K Vishnoi is the Chairman and Managing Director of THDC India Limited

THDC India Limited (Profile)
THDC India Limited is a leading Power Sector and Profit making Public Sector Enterprise. THDCIL was conferred ‘Mini Ratna-Category-I status in Oct2009 and up-graded to Schedule ‘A’ PSU in July 2010 by the Govt. of India. The Equity of company was earlier shared between Govt. of India and GOUP in the ratio of 75:25. The Share Purchase Agreement was executed between NTPC Limited and President of India on 25th March 2020, for acquisition of legal and beneficial ownership of equity held by the President of India in THDC India Limited which represents 74.496% of the total paid up share capital of THDCIL for an aggregate consideration of INR 7500 crore (Rupees Seven Thousand Five Hundred Crore only). After Strategic Sale, Equity in THDC India Limited is shared between NTPC Limited and Government of UP in a ratio of 74.5 and 25.5.The Authorized Share Capital of the Company is Rs. 4000 Cr and paid up capital as on 31st Mar’2021 is Rs3665.88 Cr. THDCIL started earning profits from first year (2006-07) of commercial operation of its maiden project i.e. Tehri HPP (1000 MW) and THDCIL is a consistently profitmaking company since then. THDCIL was constituted with the sole objective to develop, operate & maintain the 2400 MW Tehri Hydro Power Complex and other Hydro projects. The 2400 MW Tehri Hydro Power Complex comprises of (1) Tehri Dam & HPP (1000 MW), (2) Koteshwar HEP (400 MW) and (3) Tehri PSP (1000 MW). The Memorandum of Association of the Company was last modified on 31st August 2010 to reflect the current business reality of projects outside Bhagirathi valley. The article of Association of the Company has been amended on 14th Feb 2020 to incorporate new provisions which are required to be inserted due to amendment in Companies Act and Dematerialization of shares of the Company. The Corporation has grown into a multi-Project Organization, with Projects spread over various States as well as neighboring country, Bhutan. Presently, THDCIL has a portfolio of 11 projects (Hydro, Thermal, Wind & Solar), totaling to an installed capacity of 4,696MW, which includes 1587 MW operational and balance under various stages of development / implementation. In addition, a number of Projects in the country are n the business development stage.

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