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CHAIRMAN'S STATEMENT

Dear Shareholders

It is with great pride and privilege that I welcome you all to the 26th Annual General Meeting of NTPCSAIL Power Company Limited (NSPCL). As I address you today, I reflect upon yet another year of steady performance, operational excellence, and forward-looking initiatives that define NSPCL’s journey of growth, resilience, and sustainability.


Financial Performance

During the financial year 2024-25, your Company recorded a total income of ₹4082.81 crores, registering a growth over the previous year’s income of ₹3870.60 crores. Profit Before Tax stood at ₹602.06 crores. The decline in Profit After Tax to ₹393.53 crores is primarily due to the expiry of the tax benefit under Section 80IA of the Income Tax Act. However, the operational efficiency and cost prudence helped maintain robust financials. We paid a dividend of ₹315 crores, underlining our commitment to value creation for our shareholders.


Operational Excellence

NSPCL achieved its highest-ever generation of 7121 MU during the year. Our Captive Power Plants recorded a commendable PLF of 66.29%, while Bhilai PP-III (2x250 MW) operated at an excellent PLF of 82.51%. Notably, our plant availability and operational reliability continue to be among the best in the industry.

On the fuel security front, we signed a new MoU with Odisha Coal and Power Limited for 0.5 MMTPA of coal, enhancing supply reliability. Moreover, coal realization under our Fuel Supply Agreement stood at an impressive 98%.


Sustainability and Environment

NSPCL remains deeply committed to environmental stewardship. This year, we achieved 130% ash utilization, surpassing statutory norms, with major usage in cement manufacturing, infrastructure, and land development. Emissions control remains a top priority, with significant progress in SOx and NOx mitigation across our plants.

Further, the 15 MW floating solar project at Bhilai is nearing completion, marking a significant step toward clean energy transition.


People – Our Core Strength

Our workforce remains the bedrock of NSPCL’s success. With an 88.44% cadre strength, we have been steadily building our own talent pool. This year, job rotation, upskilling initiatives, and leadership development programs were intensified. Employee welfare continues to be a priority, with several health and wellness initiatives, training programs, and a strong emphasis on safety, which ensured a fatalityfree year.


Corporate Social Responsibility

Your Company achieved CSR expenditure of ₹975.80 Lakh in FY 2024-25. In line with the notification by the Govt. of India, the CSR theme for the FY 2024-25 was “HEALTH & NUTRITION”. Other focus areas of NSPCL CSR and Sustainability development activities are women empowerment, education to underprivileged children, skill development of rural youth, preventive health care, family welfare, sanitation, promotion of art and culture and social infrastructure projects contributing to the holistic development of stakeholders, mass tree plantation and environmental conservation activities for environment sustainability.


Commercial and Customer Relations

I am pleased to report 100% realization of energy bills raised during the year, which reflects the robustness of our commercial practices and the strength of our customer relationships. Our proactive customer engagement initiatives such as the Customer Meet in Visakhapatnam highlight our commitment to collaborative and constructive partnerships.


Strategic Initiatives

We have made significant strides in diversifying our energy portfolio. In a major development, we have initiated steps to set up a 1x800 MW Ultra Super Critical Thermal Power Plant at Bhilai to meet the power needs of Indian Railways, through a Special Purpose Vehicle with Railway Ministry’s in-principle approval. This new plant shall symbolize our commitment to nation-building through strategic partnerships.

We are also exploring new solar projects across Bhilai, Durgapur, and Bokaro to reduce the carbon footprint of SAIL and contribute toward greener steel manufacturing.


Governance and Compliance

During the year, we ensured full compliance with the new CERC Tariff Regulations 2024 and Indian Electricity Grid Code. Maintaining high standards of transparency and integrity has been the keystone of your Company’s Corporate Governance Policy. Your company has also adopted Whistle Blower Policy for reporting instances of unethical/improper conduct. In line with CVC guidelines, high-value contracts are being monitored by Independent External Monitor.


Acknowledgements

I take this opportunity to thank all our stakeholders – the Ministries of Power and Steel, our esteemed promoters NTPC and SAIL, C&AG, regulatory authorities, bankers, and customers – for their unwavering support. My sincere gratitude goes to our employees at all levels, whose dedication and excellence continue to power our achievements.

Let me conclude by reiterating NSPCL’s steadfast commitment to sustainable growth, operational excellence, and value creation. With our focus on innovation, clean energy, and strategic growth, we are poised for a brighter and more resilient future.

Thank you.

Sd/-
Anil Kumar Jadli
Chairman