Gujarat Industries Power Company Limited

rs,

Corporate Relations Department BSE Ltd. 1't Floor, New Trading Ring Sir Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai: 400001. Scrip Code: 517300 The General Manager Listing Department Nation

30%

Proj ect in the month of August last year and th at proj ect is now generating very we ll, abo ve 30% , and we arc coming up with 2375 megawatt Khavda proj ect. That is in the Project stage as of now

2375 megawatt

last year and th at proj ect is now generating very we ll, abo ve 30% , and we arc coming up with 2375 megawatt Khavda proj ect. That is in the Project stage as of now. Dhruvesh Sanghavi: S ir,l was talkin

50%

ot a o ne year down the line Proj ect. It is down the lill e fi ve-year Project w ith timeline of 50% comp let io n by December 2024, and all th e act ivit ies arc go ing on as per the schedule. , i.

600 megawatt

orking on Desalin ati on pl ant fo r water requirement. Long Term Agreement (LTA) is signed for 600 megawatt with CTUIL. MNRE approval is rece ived lor 2250 megawa tt. Th ese arc the progress as far as the

Rs. 1500

th e asset-based company and at the current market price, the enterprise va lue is not more thall Rs. 1500 Cro rcs white if we calcu late the rep lacement val ue o r the current operat in g capacity say Li

122 MW

calcu late the rep lacement val ue o r the current operat in g capacity say Lignite 500- M W, Wind 122 MW, So lar 262 MW tbe total is 884 M W and if I ass ign the value o f Rs.4 Crores per M W then the r

262 MW

rep lacement val ue o r the current operat in g capacity say Lignite 500- M W, Wind 122 MW, So lar 262 MW tbe total is 884 M W and if I ass ign the value o f Rs.4 Crores per M W then the replacement va l

Rs.4 Crore

y Lignite 500- M W, Wind 122 MW, So lar 262 MW tbe total is 884 M W and if I ass ign the value o f Rs.4 Crores per M W then the replacement va lue comes to Rs.3500 Crores? Current enterpri se value is 58%

Rs.3500 Crore

s 884 M W and if I ass ign the value o f Rs.4 Crores per M W then the replacement va lue comes to Rs.3500 Crores? Current enterpri se value is 58% di scount to th e repl acement va lue? Si r we have installed

58%

Crores per M W then the replacement va lue comes to Rs.3500 Crores? Current enterpri se value is 58% di scount to th e repl acement va lue? Si r we have installed 175 MW additional power p lant duri

175 MW

s? Current enterpri se value is 58% di scount to th e repl acement va lue? Si r we have installed 175 MW additional power p lant during the period of 20 19 to 202 1 i.e. 75 M W earlier and then 100 MW i

“Ho w are you and can yo u give the broad highlight or what is the status or the so lar power project, the large solar power project th at we arc und ertaking?”

“It is down the lill e fi ve-year Project w ith timeline of 50% comp let io n by December 2024, and all th e act ivit ies arc go ing on as per the schedule.”

“and Detail Project Report has already been submitted to Ministry o f New & Renewab le Energy (MNRE).”

“In such situation is it not advisable to co ndu ct the one or two buyback co nseq uently because we afC generat ing around Rs.300 Crores to Rs.350 C!'Ores cash prolit every year and suppose we utili ze that fund fhr lhe buyback so, rather than because we are more or less one and a half years cash fl ow investing for th e lOO·megawatt project and it is not rewarding to the shareholder sufficiently at least because our price is around Rs.80 to Rs.85?”

“Sir in th at co nnection I would like to ask how long the lignite power plant will be operational?”

“Okay and can wc assulllC that it will be operat ional fo r the next 20 to 25 years at leas!?”

“Bhatt: Yes defin itely, It will be also into the process of extension of about 5 or 10 years depending upon thc availability of li gnitc further ..”

“What is the status of th at Project Si r?”

“It will be fin ali zed within rew weeks.”

“Thus wc are not doin g the project through GUVNL, but we are doing it tor PSUs i.e promoters, tll at is in Ih e process.”

K. K. Bhatt

16

Nilesh Doshi

6

Vaibhav Badjatya

3

K. K. Bhntt

3

Abhijeet Dey

2

Surat lignite Power Plant

1

MANAGEMENT

1

A ushuman Ashit

1

K . K. Bhatt

1

Anshuman Ashit

1

Surat lignite Power Plant

Village: Nani Naroli, Tal. Mangrot, Dist: Surat 394110 Gujarat, INDIA Phone: EPABX (02629) 261063 to 261072 Fax: 2610BO Email : genslpp@gipcl.com Website: www.gipcl.com "Gujarat Industries Power Company Limited Q4 & FY2022 Post Results Conference Call" June 07, 2022

MANAGEMENT

SHRI K. K. BHATT - GENERAL MANAGER & CHIEF FINANCIAL OFFICER - GU.JARAT INDUSTRIES POWER COMPANY LIMITED Page I of 12 Gujarat Industries Power Company Limited June 07. 2022

K. K. Bhatt

Good afternoo n everyon e. Anshuman can you open the Conference. Th en I will g ive the specifi c remark s. That w ill be fin e.

Dhruvesh S nn ghavi

Ho w are you and can yo u give the broad highlight or what is the status or the so lar power project, the large solar power project th at we arc und ertaking?

K. K. Bhatt

Bas ically, we have commenced I OO-megawatt Sol ar Proj ect in the month of August last year and th at proj ect is now generating very we ll, abo ve 30% , and we arc coming up with 2375 megawatt Khavda proj ect. That is in the Project stage as of now.

Dhruvesh Sanghavi

S ir,l was talking about the Kh avda proj ects for furth er details, what has huppcncd in the last six months since th e update that you gave us last time in the Con Ca ll ,if there are any meaningful updates there?