Key Highlights

Overall Power demand increased by 6.5% in 9 months ended Dec 18. Peak demand of 8% to 176 GW in Dec 18 month.

Total trading volumes increased by 20% in Dec 18 quarter due to increase in procurement from distribution companies. The procurement was widespread across the distribution companies.

Month of Dec 18 has been all time high trading volumes since many months. Around 40% higher volumes on MoM basis in Dec 18 month

REC segment registered total volume of 11.97 lakhs, down 78%, mainly, on account of reduction in the available inventory.

Total trading volumes increased by 20% in 9 mths ended Dec 18 and stood at 42281 MU, due to increase in procurement from distribution companies.

States that registered significant increase in energy met (upto Dec'18) vis-à-vis same period last fiscal included: Odisha 15%, Bihar 16%; Andhra Pradesh 12%; Rajasthan 13%; Jharkhand 12%; Maharashtra &Gujarat 8% and Madhya Pradesh 7%

Around 80% of total offtake was from distribution companies. Total number of customers that the company works with is around 6400 customers.

Avg market price Rs 4.08 per unit. Electricity trading average realisation is around Rs 4 whereas the company is giving incentives to buyers of REC and hence overall realisation is lower.

The effective tax rate for the company will be around 25% for FY 20 as compared to 29% for FY 19.

The all India installed capacity reached 349 GW (upto Dec'18) up from 334 GW in the same period in the previous fiscal, representing an increase of 4.7%

The demand for power trading through exchange in the country is going to increase significantly due to electrification of rural India.

Other income mainly includes Treasury income. The company has invested free funds in liquid funds.

The company had some onetime expenses towards consultancy of around Rs 6.9 crore for 9 mths ended Dec 18.

Improved transmission network resulted in near zero congestion market in 9 mths FY 19. Congestion in traffic stood at around 0.4% in 9 mths ended Dec 19.

Total of 98% of total traded volumes in the country was traded in IEX exchange.

CERC has amended the guidelines, whereby IEX now will be able to trade cross border power trading as well, which earlier it was not allowed.