Gujarat Industries Power Company Limited

rs,

nager Corporate Relations Department BSELtd. 1st Floor, New Trading Ring Sir Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai: 400001. Scrip Code: 517300 The General Manager Listing Department National St

2375 MW

sting growth plan, the company has been allotted land at Great Rann of Kutch, near Khavda to setup 2375 MW of renewable energy park. This Park will be developed as a part of prestigious 30 gigawatt RE Park

30 gigawatt

da to setup 2375 MW of renewable energy park. This Park will be developed as a part of prestigious 30 gigawatt RE Park plan in the Great Rann of Kutch and the entire RE Park capacity is expected to be complete

50%

d the entire RE Park capacity is expected to be completed in around live year's time with at least 50% of the total capacity within a period of three years. TIle shareholding pattern of the company in

56%

in a period of three years. TIle shareholding pattern of the company in briefis as follows: Around 56% with promoters, 8% with the government and PSUs, 4.6% with mutual funds, 1.5% with insurance compa

8%

years. TIle shareholding pattern of the company in briefis as follows: Around 56% with promoters, 8% with the government and PSUs, 4.6% with mutual funds, 1.5% with insurance companies, 2.2% with NRI

4.6%

of the company in briefis as follows: Around 56% with promoters, 8% with the government and PSUs, 4.6% with mutual funds, 1.5% with insurance companies, 2.2% with NRI. 1.7% with FPL foreign portfolio in

1.5%

is as follows: Around 56% with promoters, 8% with the government and PSUs, 4.6% with mutual funds, 1.5% with insurance companies, 2.2% with NRI. 1.7% with FPL foreign portfolio investors, 1.1% with banks

2.2%

promoters, 8% with the government and PSUs, 4.6% with mutual funds, 1.5% with insurance companies, 2.2% with NRI. 1.7% with FPL foreign portfolio investors, 1.1% with banks, 22% with public and others a

1.7%

with the government and PSUs, 4.6% with mutual funds, 1.5% with insurance companies, 2.2% with NRI. 1.7% with FPL foreign portfolio investors, 1.1% with banks, 22% with public and others are 3.21%. With

1.1%

ual funds, 1.5% with insurance companies, 2.2% with NRI. 1.7% with FPL foreign portfolio investors, 1.1% with banks, 22% with public and others are 3.21%. With this brief introduction, 1 would like to h

22%

ith insurance companies, 2.2% with NRI. 1.7% with FPL foreign portfolio investors, 1.1% with banks, 22% with public and others are 3.21%. With this brief introduction, 1 would like to hand over the cal

“The company has a diversified portfolio of thermal, wind, and solar power plants in the state of Gujarat which includes 310·MW MW gas-based station at Vadodara, 500·MW Surat Lignite Power Plant at Surat, 262·MW solar power plants located at various areas of Gujarat and 112.4· MW wind power project located at various areas of Gujarat.”

“Under the growth plans we would like to inform you that the company has already commissioned its 100·MW solar PV project which was awarded by GUVNL under the competitive bidding route at Raghanesda Solar Park District, Raghanesda Gujarat effective from August 10, 2021.”

“This Park will be developed as a part of prestigious 30 gigawatt RE Park plan in the Great Rann of Kutch and the entire RE Park capacity is expected to be completed in around live year's time with at least 50% of the total capacity within a period of three years.”

“J mean, there will be some seasonality given the renewable patterns, but ballpark, 510 Crores to 520 Crores for the full year and divide by four for the quarter'!”

“Bhatt: We have spent around Rupees 70 Crores roughly in the Khavda project, from which around 50 Crores for the land and certain activities we have already started, soil testing and we have already appointed consultants lor PMC and all.”

“By when do you think, like we would have done let us say capex lhis year, next year when do we hope to see some leverage in the balance sheet?”

“Basically as per the available timelines, by the end of road project that is going to be completed by January 2022 so we have the first timeline of 50% completion by three years down the line that is 2022 January plus three years means 2025.”

“in the phase I - 600 MW, by November 2023 and phase II - 600 IvIW, by February 2024 and phase III by May 2025, This is our target.”

“Sir, the first question is wbat was the under recovery due to the lower availability in HI FY2022 and do YOIl expect the availability to improve so that you're under recovery becomes zero by FY2022 for all the thermal power plant?”

“Secondly on tile 100 MW, which was commissioned in August 2021 what are tile capital cost and what is tile kind ofPLF we expect from this particular power plant and what are the the loading ratio?”

K.K. Bhatt

28

Pawan Nahal'

12

Dhruvesh Sanghvi

8

Apoorva Bahadur

6

Vaibhav Badjatia

6

KK. Bhatt

4

S.N. Purohit

4

Pawan Nahar

3

Mobit Kumar

3

A.S. Thakkar

2

Surat lignite Power Plant

Village: Nani Naroli, Tal. Mangrol, Dist: Surat 394110 Gujarat, INDIA Phone: EPABX(02629) 261063 to 261072 Fax: 261080 Email: genslpp@glpcl.com Website: www.glpcl.com "Gujarat Industries Power Company Limited Q2 and H 1 FY2022 Post Results Conference Call" November 23,2021

MANAGEMENT

SHRI K.K. BHATT - GENERAL MANAGER & CHIEF FINANCIAL OFFICER - GUJARAT INDUSTRIES POWER COMPANY LIMITED SHRI S.N. PUROHIT - CHIEF GENERAL MANAGER (RENEW ABLE ENERGY AND BUSINESS OPERATIONS) GUJARA T INDUSTRIES POWER COMPANY LIMITED SHRI A.S. THAKKAR - COMPANY SECRETARY AND COMPLIANCE OFFICER - GUJARAT INDUSTRIES POWER COMPANY LIMITED Page I of 15

A.S. Thakkar

Thank:you Mr. Modi. A very good afternoon and a wann welcome to our valuable investors and analysts from the GrpCL Management team. As such, you all would be aware about the company, however, I would like to brief au the same. GlPCL was incorporated ill 1985 as a Public Limited Company and is having its registered office at P.O. Ranoli, Vadodara 391 350, Gujarat, India, and the company has been promoted by Gujarat Urja Vikas Nigam Limited (GUVNL), Gujarat Slate Fertilizers and Chemicals Limited (GSFC) and Gujarat Alkalies and Chemicals Limited (GACL). The company's equity shares are listed Oil BSE and NSE and the company is engaged in the business of electrical power generation with the present installed generation capacity of 1184.4 NI'N. The company has a diversified portfolio of thermal, wind, and solar power plants in the state of Gujarat which includes 310·MW MW gas-based station at Vadodara, 500·MW Surat Lignite Power Plant at Surat, 262·MW solar power plants located at various a

K.K. Bhatt

Thank you Mr. Pawan. Basically if you ask me right now the EBITDA level of RE Division is around 200 Crores to 210 Crorcs but by adding the capacity of I 00 MW yearly EBITDA would be hovering around 460 Crores to 470 Crores roughly.

K.K. Bhatt

210 Crores plus 60 Crores that means from RE EBlTDA would be around 270 Crores and Thermal Division it would be around 250 Crores. The company as a whole EBITDA would be around 510 Crores to 520 Crores.

Pawan Nahar

510 Crores to 520 Crores, That is useful. Generally this we should assume as a new normal, so ballpark about 130 Crores should be the run rate from now on, ballpark? J mean, there will be some seasonality given the renewable patterns, but ballpark, 510 Crores to 520 Crores for the full year and divide by four for the quarter'! K.1(. Bhatt: But what you are saying is theoretically correct, but practically it depends 011 quarter-to-quarter and also it depends on the performance basis. It may happen in some quarter, it may be down and insome quarter, by recouping the fixed cost from the basis of commercial availability, it may go up, but as the year end, what figures we are taLking about it will land over there.