Bond Issuer
THDC India Limited
THDC India Limited (formerly known as Tehri Hydro Development Corporation Ltd.) is a Govt. of India and Govt. of Uttar Pradesh joint venture. The Company was incorporated in July 1…
Issuer Overview
THDC India Limited (formerly known as Tehri Hydro Development Corporation Ltd.) is a Govt. of India and Govt. of Uttar Pradesh joint venture. The Company was incorporated in July 1988 with the aim to develop, operate & maintain the 2400 MW Tehri Hydro Power Complex and other hydro projects. The shared equity ratio is 75:25 between GoI and GoUP for the Power Component.
About Company
As per the Ministry of Corporate Affairs (MCA), the company last updated its financials on 31 Mar 2017. The company's authorised capital stands at Rs. 400000.0 lakhs and has 91.1328% paid-up capital which is Rs. 364531.18 lakhs.
Business Overview
THDCIL for its first year of commercial operation has been a profit-making organisation. The company earned a net profit of Rs.117.48 Cr., Rs. 323.58 Cr., Rs. 325.21 Cr., Rs. 479.95 Cr., Rs. 600.48 Cr., Rs. 703.83 Cr., Rs. 531.38 Cr and Rs. 595.32 Cr. during 2006-07, 2007-08, 2008-09, 2009-10, 2010-11, 2011-12, 2012-13 and 2013-14 respectively.
Key Highlights
- JV of Government of India and Government of Uttar Pradesh
- Mini Ratna Category-I / Schedule A CPSE
- Focus on hydro power development and operations
Credit Rating
PSU power-sector credit profile (verify latest)
Industries Served
- Hydro Power
- Power Generation
- Renewable Energy Projects
Strengths
- Shri Anil Garg – Principal Secretary (Irrigation & Water Resources Deptt., GoUP, Govt. Nominee Director)
- Shri Ujjwal Kanti Bhattacharya - Nominee Director, NTPC Ltd.
- Shri Jaikumar Srinivasan - Nominee Director, NTPC Ltd.
- Shri Kesridev Singh, Digvijaysingh Jhala - Independent Director
- Total Assets as per the Annual Report 2020-21 was INR 18716.92 crores
- The company has several ongoing projects and is a profit-making organisation
Risk Factors
- Project execution and hydrological risks
- Power offtake and tariff regulation risks
- Capital-intensive project funding needs
Why Invest
- THDC India Limited (THDCIL) is a public unlisted company with an authorized share capital of Rs. 4000 crores. It operates as a company limited by shares and is classified as a Mini Ratna Category-I and Schedule 'A' CPSE.
- THDCIL has been engaged in the construction business for the past 34 years, showcasing its extensive experience in the industry.
- The current board members and directors of THDCIL include Sridhar Patra, Shantanu Kumar Biswas, Anju Bhalla, Maharaj Krishan Pandit, and Dhirendra Veer Singh, who contribute their expertise and leadership to the company's operations.
- Shri R.K. Vishnoi – Chairman & MD & Additional Charge – D (T) & D (P)
- Shri Jithesh John - Economic Adviser, MoP, GoI, Govt. Nominee Director
Financial Snapshot
- Total Assets
- ₹21,098 Cr
- D/E
- 0.78
- ROE
- 8.85%
- Net Worth
- ₹10,306 Cr
FAQs
THDC India Limited is registered under the Companies Act of 1956. In Oct-2009 THDCIL was conferred 'Mini Ratna' Category-I Status and upgraded to Schedule 'A' PSU by the Govt. of India in July 2010.
THDC is a company with great creditworthiness. It is a good option for investment and career.
THDC India Limited was incorporated on 12 Jul 1988.
The company’s initial mandate was to develop, operate and maintain the 2400 MW Tehri Hydro Power Complex (comprising of 1000 MW Tehri Dam & HPP, 1000 MW Tehri Pumped Storage Plant & 400 MW Koteshwar HEP) and other Hydro Projects.
The company is registered in Uttarakhand (Uttarakhand) Registrar Office.
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Disclaimer
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