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About the Company:
Bajaj Energy along with LPGCL is one of the largest private-sector thermal generation companies in Uttar Pradesh. The company has a track record of developing, financing, and operating thermal power plants in India. The power company has a total gross installed capacity of 2,430 MW, comprising 450 MW from five operational plants of 90 MW each, owned and managed by BEL (the "BEL Power Plants") and 1,980 MW from the power plant owned and managed by LPGCL (the "LPGCL Power Plant"), which Bajaj Energy intends to wholly acquire from the proceeds of the Offer (the "LPGCL Acquisition").
BEL and LPGCL have each entered into long-term fuel supply agreements with Central Coal Fields Limited, a subsidiary of Coal India Limited, for the supply of coal to the BEL Power Plants and the LPGCL Power Plant. Additionally, LPGCL has also entered into fuel supply agreements with other subsidiaries of Coal India Limited for the supply of coal.
|Entity Name||By the Company||Against the Company||By the Director||Against the Director||By the Promoter||Against the Promoter|
|Material civil cases||1||5||-||-||-||-|
|Income Statement(in Milllions)||Dec'2018||FY18||FY17||FY16|
|Gross Operating Income||7,220.51||8,976.25||14,058.76||14,070.99|
|Cost of Employee & Inventory||355.66||381.48||472.41||443.82|
|Profit Before Tax||454.87||483.08||810.90||1,502.75|
|Profit After Tax||395.64||-33.95||1,077.12||1,028.35|
Bajaj Power Ventures Private Limited
• Adani Power limited • Tata Power Limited • NTPC Limited • JSW Energy Limited • Torrent Power Limited
The proceeds from the sale of shares under the offer for sale worth Rs300 cr will not be received by the company.
Net proceeds from the sale of fresh shares worth Rs5,150Cr will be utilized for the following objectives • Purchase of 69,936,900 equity shares of the face value of ₹ 10 each of LPGCL (“LPGCL Shares”) from BPVPL and BHSL • General corporate purposes.