FY 2023 highlights and growth Strategy –
PERFORMANCE
•Increased installed generation capacity by 44% from 4,559 MW in FY 2022 to 6,564 MW in FY 2023, driven by Mytrah acquisition (1,753 MW) and organic renewable capacity additions (252 MW)
• Net Generation at 21.9 BUs, higher by 5% YoY driven by higher thermal PLFs and renewable energy capacity addition
• Reported 2nd highest-ever adjusted EBITDA of 3,817 crore, up 8% YoY; and adjusted PAT at 1,358 crore, up 15% YoY
• Cash PAT of ` 2,570 crore, up 7% YoY, in line with EBITDA growth
ACQUISITIONS
• Completed acquisition of Mytrah Energy’s renewable assets with 1,753 MW installed capacity at an enterprise value of 10,150 crore (net of working capital adjustment). This is the largest acquisition made by the Company since its inception • Completed acquisition of Ind-Barath 700 MW under construction thermal power plant at 1,048 crore,
to be commissioned by FY 2024
GROWTH
• Unveiled ‘Strategy 2.0’ to reach 20 GW generation capacity along with 40 GWh / 5 GW of energy
storage capacity.
• Integrating backward in value chain with solar module manufacturing with capacity of 1 GW and
forward integrating into producing Green Hydrogen with India’s largest commercial scale green hydrogen project with capacity of 3,800 TPA for production of Green steel.
• Won bids for 3.4 GWh storage projects comprising battery energy storage bid from Solar Energy
Corporation of India; and Hydro Pumped Storage Project from Power Company of Karnataka for
procurement of 2.4 GWh for a period of 40 years.
Long Way Ahead.
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