During the year under review, entire amount of Rs, 560 Crore Redeemable Non Convertible Secured Debentures (''NCDs''), were matured and paid. The EDF Group: a Société Anonyme, a French limited company. As on date, Shri K Raja Gopal, WTD & CEO, Shri Shrenik Vaishnav, CFO and Shri Murli Manohar Purohit, the Company Secretary are the KMP''s. As on date NCDs of Rs, 1,000 Crore are outstanding. Pay only for what you use with no upfront cost. Copyright © e-Eighteen.com Ltd All rights resderved. During the year under review, the Board of Directors has not recommended dividend on the Equity Shares of the Company. The CSR Committee has formulated a Corporate Social Responsibility Policy (CSR policy) indicating the activities to be undertaken by the Company. During the year, the Company had not entered into any contract / arrangement / transactions with related parties, which could be considered material in accordance with the policy of the Company on materiality of related party transactions. The project also include setting up of a Floating Storage Regasification Unit (FSRU) based LNG Terminal at offshore of Kutubdia Island, Bangladesh. The Chhatrasal coal block was allotted to Sasan Power Ltd in 2006 and the company said the Supreme Court's Coalgate judgement did not cancel allocation of blocks for the Sasan power project. This along with an increase in the cost of goods sold expense has contributed to a reduction in net income from a loss of 29.52bn to a larger loss of 40.77bn. Here’s your answer, 75% of PMS fund managers failed to beat Nifty in Dec; even biggies falter, What crossing $10-bn turnover means for HCL Tech, Sebi bans CNBC Awaaz show host Hemant Ghai, family members from capital market, What to do if you are among the victims of Karvy Broking mess, All you need to know about IPO allotment process, Becoming big is not important to us but becoming profitable is: Romesh Sobti, IndusInd Bank, Rupee to average at 77 against dollar in 2020, 80 in 2021: Fitch Solutions, Buy Castrol India, target price Rs 185: Motilal Oswal. H. D. & Associates, Chartered Accountants and M/s. Shri Suresh Nagarajan, has resigned as the CFO effective from February 16, 2018. Governance . Targeted policy changes and technology improvements will … While MP procures the largest chunk (37.5%) of cheap power from the Sasan UMPP by virtue of the plant being situated in the state, other beneficiaries include Delhi, … UMPPs are a significant part of the Indian government's initiative to collaborate with power generation companies to set up 4,000 MW projects to ease the country’s power deficit situation. The business risk framework defines the risk management approach across the enterprise at various levels including documentation and reporting. The Chhatrasal coal mine allotted to Reliance Power's 4,000 MW Sasan Thermal Power project in Madhya Pradesh has received environment clearance. The Nomination and Remuneration Committee of the Board has devised a policy for selection and appointment of Directors, Key Managerial Personnel and Senior Management Employees and their remuneration. Extract of the Annual Return of the Company in form MGT-9 is attached herewith as Annexure - C. Pursuant to the approval accorded by the Shareholders on September 30, 2007, under Section 81(1A) of the erstwhile Companies Act, 1 956, and pursuant to ESOS Guidelines on May 8, 201 0, a Committee of the Board had approved implementation of "Reliance Power - Employees Stock Option Scheme 2010" (ESOS-2010) and grant of 2,00,00,000 options thereon, exercisable into equal number of fully paid up equity shares of the Company, to the eligible employees of the Company and its subsidiaries based on specified criteria. The Company''s Sasan UMPP (Capacity 3,960 MW) had a very impressive year generating 31793 MUs for the year, with the PLF being 91.65%. Business Responsibility Report for the year under review as stipulated under Listing Regulations is presented in a separate section forming part of this Annual Report. Shri N. Venugopala Rao, Chief Executive Officer (CEO) of the Company was appointed as Whole-time Director (WTD) with effect from April 13, 2017 and was also given the additional responsibility as Chief Financial Officer (CFO) with effect from February 16, 2018. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. All related party transactions were placed before the Audit Committee for approval. For reprint rights: Times Syndication Service, Mirae Asset Emerging Bluechip Fund Direct-Growth, ICICI Prudential Bluechip Fund Direct-Growth, Stock Analysis, IPO, Mutual Funds, Bonds & More. Reliance Power Limited (R-Power), formerly Reliance Energy Generation Limited (REGL) is a part of the Reliance Anil Dhirubhai Ambani Group.It was established to develop, construct, operate and maintain power projects in the Indian and international markets. Sasan mine was awarded by the Honourable President of India with National Safety Award (Mines) for the year 2013 & 2014 through DGMS for its commendable safe work environment and safety practices during the year. During the year the Company has issued NCDs of Rs, 250 Crore and Rs, 750 Crore. Internal Financial Controls and their adequacy. Reliance Power share price live updates on The Economic Times. During the year, all the recommendations made by the Audit Committee were accepted by the Board. Sasan Power Limited Near L.I.C. The Company has devised a policy for performance evaluation of the individual directors, Board and its Committees, which includes criteria for performance evaluation. Its authorized share capital is Rs. The Butibori Thermal plant (600 MW) in Maharashtra generated 3,307 million units during the year. In March 2009, Sasan Power Infrastructure Ltd and Sasan Power Infraventures Pvt Ltd became the subsidiaries of the company. 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