Adani Transmission

132
Annexure 7
Co. No. 04 - 30533
Fresh Certificate of Incorporation on
C O N V E R S I O N
IN THE OFFICE OF
THE REGISTRAR OF COMPANIES,
GUJARAT, DADRA AND NAGAR HAVELI.
[Under the Companies Act, 1956 (1 of 1956)]
IN THE MATTER OF
ADANI POWER LIMITED
I hereby certify that
ADANI POWER LIMITED
which was originally incorporated on 22/08/1996 under the Companies Act, 1956
and under the name
ADANI POWER LIMITED
having duly passed the necessary resolution on 25/04/2002 in terms of Section
21/31(1)/44 of the Companies Act, 1956, the name of the said Company is this
day changed to
ADANI POWER PRIVATE LIMITED
and this certificate is issued pursuant to Section 23(1) of the said Act.
Given under my hand at AHMEDABAD dated this 03/06/2002.
Sd/-
[ D. A. VARDE]
Asstt. Registrar of Companies, Gujarat
Dadra & Nagar Haveli
Seal
of Registrar
of Companies,
Gujarat
133
Company No. 04-30533
CERTIFICATE FOR COMMENCEMENT OF BUSINESS
Pursuant to Section 149(3) of The Companies Act, 1956
I hereby certify that the ADANI POWER LIMITED
which was incorporated under the Companies
Act, 1956, on the 22/08/96 and which has this
day filed a duly verified declaration in the
prescribed form that the conditions of Section
149 (1) (a) to (d)/149 (2) (a) to (c) of the said
Act, have been complied with, is entitled to
commence business.
Given under my hand at AHMEDABAD
this 04/09/96.
Sd/-
[ S. N. MISRA]
Asstt. Registrar of Companies,
GUJARAT
Dadra Nagar Haveli
Seal
of Registrar
of Companies,
Gujarat
134
FORM IR
CERTIFICATE OF INCORPORATION
No. 04-30533 of 1996-97
I hereby certify that ADANI POWER LIMITED
is this day incorporated under the
Companies Act, 1956 (No.1 of 1956) and
that the Company is Limited.
Given under my hand at AHMEDABAD
this TWENTYSECOND day of AUGUST, One
Thousand Nine Hundred NINETY SIX.
Sd/-
[ S. K. SAHA ]
Registrar of Companies
GUJARAT
Dadra & Nagar Haveli
Common Seal
of the Registrar
of Companies,
Gujarat
135
1
THE COMPANIES ACT, 1956
COMPANY LIMITED BY SHARES
MEMORANDUM OF ASSOCIATION
OF
ADANI POWER LIMITED
I. The name of the Company is ADANI POWER LIMITED .
II. The Registered Office of the Company will be situated in the State of Gujarat.
Ill. The object for which the Company is established are:
A. THE MAIN OBJECTS OF THE COMPANY TO BE PURSUED BY THE COMPANY ON ITS
INCORPORATION ARE:
1. To carry on the business of generation, accumulation, distribution and supply of and to generally
deal in electricity.
2. The explore, develop, generate, accumulate, supply and distribute or to deal in other forms
of energy from any source whatsoever.
3. To establish, operate and maintain generating stations, accumulation, tie lines, substations,
workshops, transmission lines and to lay down cables, wires.
4. To manufacture, deal in, let on hire, install, repair and maintain plant, machinery, equipment,
appliances, components and apparatus of any nature whatsoever used in connection with
generation storage, supply, distributors, application of electrical energy.
5. To establish and develop Special Economic Zones and to carry on the business of properties
developers, builders, creators, operators, owners, contractors of all and any kind of
Infrastructure facilities and services including roads, railways, , cargo movement and cargo
handling including mechanized handling system and equipment, land development, water
desalination plant, water treatment & recycling facilities, water supply & distribution system,
solid waste management, effluent treatment facilities, power generation, transmission, distri-
bution, power trading, generation and supply of gas or any other form of energy, environmental
protection and pollution control, public utilities, security services, municipal services, and of
like infrastructure facilities and services viz., telecommunication, cell services, cable and
satellite communication networking, data transmission network, information technology network,
factory buildings, warehouses, internal container depots, container freight station, clearing
houses, research centre, trading centers, school and educational institutions, hospitals,
community centre, training centres, hostels, places of worship, courts, markets, canteen,
restaurants, residential complexes, commercial complexes and other social infrastructures and
equip the same with all or any amenities, other facilities and infrastructure required by the
various industries and people, entertainment centers, amusement park, green park, recreational
zone, to purchase, acquire, take on lease or in exchange or in any other lawful manner land,
building, structures to promote industrial, commercial activity for inland and foreign trade, and
to do government liaison work and other work.
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B. THE OBJECTS INCIDENTAL OR ANCILLARY TO THE ATTAINMENT OF MAIN OBJECTS
ARE:
1. To generate electrical power by conventional, non-conventional methods including coal, gas
lignite, oil, bio-mass, waste, thermal, solar, hyuel, geo-hydel, wind and tide waves.
2. To promote, own acquire, erect, construct, establish, maintain, improve, manage, operate, alter,
carry on, control, take on hire/lease power plants, co-generation power plants, Energy
conservation projects, power houses, transmission and distribution systems for generation,
distribution, transmission and supply of electrical energy and buy, sell, supply, exchange,
market, function as a licence and deal in electrical power, energy to the State Electricity Board,
State Government, Appropriate Authorities, licences, specific industrial units and other
consumers for industrial, commercial, agricultural, household and any other purpose in India
and elsewhere in any area to be specified by the State Electricity Boards and any other
competent authority in accordance with the provisions of India Electricity Act, 1910 and/or
Electricity (Supply) Act, 1948 or any statutory modifications or re-enactment thereof and rules
made thereunder.
3. To establish captive power plants on a cooperative basis for a group of industrial and other
consumers and supply power to the participants in the cooperative effort either directly or
through the transmission lines of the State Electricity Boards or other authorities by entering
into appropriate arrangements.
4. To acquire, build, construct, improve, develop, give or take in exchange or on lease, rent,
hire, occupy, allow, control, maintain, operate, run, sell, dispose off, carry out or alter as may
be necessary or convenient any leasehold or freehold lands, movable or immovable properties,
including building, workshops, warehouses, stores, easement or other rights, machinaries, plant
work stock in trade, industrial colonies, conveniences togetherwith all modern amenities and
facilities such as housing, schools, hospitals, water supply, sanitation, towhships and other
facilities or properties which may seem calculated directly or indirectly to advance the
Companys objects and interest either in consideration of a gross sum of a rent charged in
cash or services.
5. To apply for, purchase, acquire and protect, prolong and renew in any part of the world any
patent rights dinvention, licences, protections and concessions which may appear likely to
be advantageous or useful to the Company and to use and turn to account and to manufacture
under or grant licences or privileges in respect of the same and to spend money in
experimenting upon and testing and improving or seeking to improve any patents, inventions
or rights which the Company may acquire or proposes to acquire.
6. To establish, provide maintain and conduct or subsidies research laboratories and experimental
workshops for scientific and technical researches, experiments and tests of all kinds and
devices and/or to sponsor or draw out programmes for promoting scientific, social, economic
and educational research and development and assist in the execution and promotion of such
programmes either directly or through an independent agency or in any other manner, directly
or indirectly and to secure such approvals, exemptions and/or recognitions under the Income
Tax Act, 1961 and any other law for the time being in force and to promote studies and
researches both scientific and technical investigations, endowing or assisting laboratories,
workshops libraries, lectures, meetings and conferences and by providing or contributing to
the award of scholarships, prizes, grants to students and generally to encourage, promote
invention of any kind that may be considered useful to the Company.
7. To form, incorporate, promote, purchase, acquire, undertake or takeover, the whole or any
part of the business, profession, goodwill, assets, properties (movable or immovable), contracts,
agreements, rights, privileges, effects, obligations and liabilities of any person, firm, or company
or companies carrying on all or any of or proposing to carry on or ceasing to carry on any
business, profession or activities which the Company is authorised to carry on or the acquisition
of all or any of the properties, rights and assets of any company or subject to the provisions
of the Companies Act 1956 the control and management of the undertaking of the acquisitions
of any other objects which in the opinion of the Company could or might directly or indirectly
be beneficial or advantageous to the Company and to pay all or any of the costs and expenses
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incurred in connection with any such promotion or incorporation or takeover or acquisition
or in obtaining subscription of the placing of any shares, stock, bonds, debentures, obligations
or securities of any such company or companies, subject to the provisions of the Companies
Act, 1956.
8. To procure registration, incorporation or recognition of the company in any country, state or
place and to establish and regulate agencies for the purpose of the Companys business
and to apply or join in applying to any parliament, local government, municipal or other authority
or body, Indian or foreign for any rights or privileges that may seem conducive to the Companys
objects or any of them and to oppose any bills, proceedings or applications which may seem
calculated directly or indirectly to prejudice the Companys interest.
9. To enter into partnership or any arrangement for sharing or pooling profits, amalgamations,
union of interest, cooperation, joint venture, reciprocal concessions or to amalgamate with
any person or company carrying in or engaged in or about to carry on or engaged in any
business, undertaking or transactions which this Company is authorised to carry on or engaged
in, any business, undertaking or transactions which may seem capable of being carried on
or conducted, so as directly or indirectly, to benefit the Company.
10. To amalgamate, merge or absorb, with any other company or companies or to form, promote
subsidiaries having object altogether or in part similar to those of this Company.
11. To manage, sell, dispose of, deal, let, mortgage, exchange, redeem, underlet grant leases,
licences, easements or turn to account or deal with in any manner the whole of the undertaking
or any properties (movable or immovable) assets, rights, and effects of the Company or any
part thereof, on such terms and for such purposes and for such consideration as the company
may think fit and in particular for shares, debentures, or securities of any other company
having objects altogether or in part similar to those of the Company and in the event of winding
up of the Company to distribute among the members in specie or kind any properties or
assets of the Company or any proceeds of sale or disposal of any properties of the company,
subject to the provisions of the Companies Act, 1956.
12. To enter into arrangements with any government or authorities municipal, local or any persons
or company in India or abroad that may seem conducive to the objects of the Company or
any of them and to apply for, secure, acquire, obtain from any such government, authority,
persons or company, any rights, privileges, powers, authority, charters, contracts, licences,
concessions, grants, decrees, rights which the Company may think desirable.
13. To pay all costs, charges and expenses of and incidental to the promotion, formation,
registration and establishment of the Company and the issue of its capital and charges in
connection therewith and to remunerate or make donations (by cash or other assets or to
remunerate by allotment of fully or partly paid shares or by a call or option on shares, debentures,
debenture-stocks of this or any other company or in any other manner, whether out of the
companys capital or profits) or any person, firm, company or assisting to place or guaranteeing
the subscription of shares, debentures, debentures-stock or other security of the company or
in or about the formation or promotion of the company or for any other reason which the
Company may think fit subject to the provisions of the Companies Act, 1956.
14. To promote or join in the promotion of any company or companies including subsidiary
companies (wholly owned or partly owned) for the purpose of acquiring all or any of the
properties, right and liabilities of the Company or for any other purposes which may seem
directly or indirectly calculated to benefit to the Company and to underwrite shares and
securities therein.
15. Subject to Section 58A of the Companies Act, 1956 and the rules framed thereunder and
the directives issued by the Reserve Bank of India, to receive money or deposits or on loans
or as grants and/or to invest, advance, deposit or land money to any person, firm, association,
society, company or corporation or any government or semi government agencies on interest
and on such security as may seem expedient or without any security and in particular to
members or customers and others having or likely to have dealing with the Company and
to guarantee the performance of contracts by and such persons or companies.
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16. Subject to Section 58A of the Companies Act, 1956 and the rules framed thereunder and
the directives issued by the Reserve Bank of India, to borrow or raise money, or to receive
or to take money on loan on interest from banks, financial institutions, government agencies,
cooperative societies, persons, companies, firms in such manner as the Company may think
fit and in particular by the issue of debentures, debenturestock, perpetual including debentures
or debenture stock convertive into shares of this Company or perpetual annuities and security
of any such money borrowed, raised or received, to mortgage, pledge, hypothecate, or charge
the whole or any part of the properties (movable or immovable) assets or revenue of the
Company present or future including its uncalled capital by special assignments or to transfer
or convey the same absolutely or in trust and to give the lenders power of sale and other
powers as may be deemed expedient and to purchase, redeem or pay off any such securities.
The Company shall not carry on any banking or insurance business which may fall within
the preview of Banking Regulation Act, 1949 or the Insurance Act, 1938, respectively.
17. To make, draw, accept, endorse, discount, execute, negotiate, assign and issue cheques,
promissory notes, drafts, hundies, bonds, railway receipts, bills of exchange, bills of lading,
warrants, debentures and other negotiable or transferable instruments.
18. To guarantee the payment of money secured or unsecured by or payable under or in respect
of any promissory notes, bonds, debenture stocks, contracts, mortgages, charges, obligations,
instruments, and securities of any company or of authority, central, state, municipal, local
or of any person whomsoever whether incorporated or not incorporated and generally to
guarantee or become sureties for the performance of any contracts of obligations.
19. To guarantee or become liable for the performance of the obligations and the payment of
interest on any debentures or securities of any company, corporation or association or persons
in which such guarantees may be considered beneficial or advantageous, directly or indirectly
to further the objects of the Company or the interest to the members.
20. Subject to the provisions of the Companies Act, 1956 to accumulate funds and to invest
or deal in with and invest money belonging to the Company in any deposits, shares, stocks,
debenture stocks, bonds, obligations or securities by original subscription in syndicates having
similar objects and to tender, purchase, exchange and to subscribe for the same conditionally
and to guarantee the subscription thereof and to exercise and enforce all the rights and powers
conferred by or incidental to the ownership thereof.
21. To open and operate current, overdrafts, loan, cash credit or deposit or any other type of
accounts with any banks, company, firm, association or person.
22. To establish, continue and support or aid in the establishment of cooperative societies,
association and other institutions, funds, trusts, amenities and conveniences calculated to
benefit or indemnify or insure employees or ex-employees of the Company or Directors or
ex-Directors of the Company or the dependant or connections of such persons and at its
discretion to construct, maintain, buildings, houses, dwelling or chawls or grant bonus pensions
and allowance and to make payments towards insurance and to pay for charitable or benevolent
objects, also to remunerate or make donations by cash or other assets or to remunerate
by the allotment of shares credited as fully or partly for services rendered to be placing or
assisting to places any shares in the Companys capital or any debentures, debenture stock
or other securities of Company in or about the formation or promotion of the Company or
the conduct of its business.
23. To undertake, carry out, promote and sponsor rural development including any programme
for promoting the social and economic welfare or uplift of the public in any rural area and
to incur any expenditure on any programme of rural development and to assist execution
and promotion thereof either directly or through an independent agency or in any other manner.
24. To undertake, carry out, promote and sponsor or assist any activity for the promotion of any
growth of national economy and for the discharging social and moral responsibilities of the
Company to the public or any section of the public as also any activity to promote national
welfare or social, economic and without prejudice to the generality of the foregoing undertake
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carry out, promote and sponsor any activity for publication of any books, literature, newspapers
or for organising lecture or seminars likely to advances these objects or for giving merit awards
or scholarships, loans or any other assistance to deserving students or other scholars or
persons to enable them to prosecute their studies or academic pursuits or researches and
for establishing, conducting or assisting any institution, funds or trusts having any one of the
aforesaid objects as one of its objects by giving donations and/or contributions, subsidies
and/or grants or in any other manner.
25. To donate, gift, contribute, subscribe, promote, support or aid or assist or guarantee money
to charitable, benevolent, religious, scientific, national public or to other institutions, funds or
objects or for any public, general or other objects and to accept gifts, bequests, devices and
donations from any firm, company or persons as may be thought appropriate or conducive
to the interest of the Company.
26. To create any depreciation fund, reserve fund, sinking fund, insurance fund or any other special
funds whether for depreciation or for repairing, improving, extending or maintaining any of
the properties of the Company or for redemption of debentures redeemable preference shares
or gratuity or pension or for any other purpose conducive to the interest of the Company.
27. Subject to Section 78 of the Companies Act, 1956, to place, reserve, distribute as dividend
or bonus or to apply as the Company may from time to time determine any moneys received
by way of premium on shares or debentures issued at a premium by the Company.
28. To engage, employ, train, either in India or elsewhere suspend, and dismiss any agents,
managers, superintendents, assistants, clerks, coolies and other employees and to
remunerate any such persons at such rate as shall be thought fit and to grant pensions
or gratuities to any such person or to his widow or children and generally to provide for
the welfare of employees.
29. To refer or agree to refer any claims, demands, disputes or any other question by or against
Company or in which the Company is interested or concerned and whether between the
Company and the member or members or his or their representatives or between the Company
and third party to arbitration in India or at any place outside India and to observe, perform
and to do all acts, deeds, matters and things to carry out or enforce the awards.
30. To use trademarks, trade names or brand names for the products and goods and adopt such
means of making known the business and products in which the Company is dealing as
may seem expedient and in particular by advertising on radio, television, newspapers,
magazines, periodicals, by circulars, by opening stalls and exhibition, by publication of books
and periodicals, by distributing samples and by granting prizes, rewards and awards.
31. To undertake the payment of all rent and the performance of all convenants contracts, conditions
and agreements contained in and reserved by any lease that may be granted or assigned
or assigned to or acquired by the Company.
32. To become members of or to enter into any agreement with any institution, association or
company carrying on or which may carry on research, and other scientific work of investigation
in connection with any business of Company or other trades or industries allied therewith
or ancillary thereto and to acquire shares in any such institutions, association or company
and contribute towards the capital or funds, thereof.
33. To undertake and execute any trust which may benefit to the Company directly or indirectly.
34. To insure properties, assets, undertakings, contracts, guarantees, liabilities, risks or obligations
of the Company of every nature and kind.
35. To receive donations, gift, contributions, subsidies, grants and other mode of receipts of money
for the furtherance of the objects of the Company.
36. To invest the funds of the Company not immediately required in Government of Semi
Government corporations, companies, firm.
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37. To pay a share in the profit of the Company or commission to brokers, sub-agents, agents
or any other company, firm or persons including the employees of the Company as may
be thought fit for services rendered to the Company.
38. To employ experts, to investigate and examine into the conditions prospects, value, character
and circumstances of any business concerns and undertaking and generally of any assets
concessions, properties and or rights.
39. To open establish, maintain and to discontinue in India or overseas any offices, branch offices,
regional offices, trade centres, exhibition centres, liaison offices, and to keep local or resident
representative in any part of the world for the purpose of promoting the business of the Company.
40. To enter into arrangement for technical collaboration and/or other form of agreement including
capital participation with a foreign or Indian company for the purpose of manufacture, quality
control and products improvements and for marketing of the products which the Company
is empowered to manufacture and/or market and to pay or to receive for such technical
assistance or collaborations, royalties or other fees in cash or by allotment of shares of the
Company credited as-paid up or issue of debenture stock, subject to the provisions of laws
for the time being in force.
41. To secure contract for supply of the products manufactured by the Company to Military, Civil
and other departments of the Government or Semi Government bodies, corporations, public
or private contractors, firm, persons and to recruit, trained persons including persons retired
from defence, police, military and paramilitary forces, to employ detectives, to keep dogs dog
handers and other animals and to use different types of weapons.
42. To take part in the management supervision and control of the contracts, rights, turnkey jobs,
operations or business of any company or undertaking to carry on.
43. To do all or any of the above things in India or in any part of the world as principals, agents,
contractors or trustees and either alone or in conjuction with others.
C. OTHER OBJECTS:
1. To carry, on the business as manufacturers, producers, processors, buyers, sellers, importers,
exporters and dealers in every kind and description of Food and Foodstuff whether vegetarian
or non-vegetarian milk, and milk products including cream, butter, ghee, cheese condensed
milk, malter milk powder, skimmed milk, ice-cream, milk foods, canned foods, fish and fish
preparation, meat and meat preparation and the foods made from any substances of animal
and birds and the business of poultry farming.
2. To carry on the business of farming, Agriculture in its branches and to grow produce,
manufacture, process, prepare, refine, extract, manipulate, hydrolize, buy, sell, market or deal
in all kinds of Agricultural, horticultural, dairy, poultry and farm produces and products including
foodgrains, cereals, seeds soyabeans, corn, corn oils, cash crops, plants, flowers, vegetables,
edibles, oils, meat, fish, eggs, animal and human foods and food products.
3. To cultivate any plantation or other agricultural produces in all its branches and carry on the
business as cultivators, buyers and dealers in vegetables, grains, vanaspaties and all other
agricultural produces and to prepare, manufacture and render marketable any such produces
and to sell, market, dispose off or deal in any such produces either in its prepared,
manufactured or raw state and to purchase, hold, develop, cultivate any agricultural, barren
land for the purpose herein mentioned.
4. To carry on the business as travel agents, buying agents, marketing agents, commission agents,
advertising agents, clearing and forwarding agents, estate agents, carrying agent, insurance
agent, brokers or representative of any company, corporation, firm or individual and to transact
and to carry on all kinds of agency business.
5. To carry on the business of booksellers, publishers, stationers, printers, lithographers,
stereotypers, electrotypers, photographic printers, photographers, chromolithoengravers, block
makers, die-makers, envelop makers, book binders, type founders.
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6. To establish, maintain, conduct, provide and make available services as consultant, advisers
of every kind including commercial, statistical, financial, accountancy, computer expert
programmer, technical services for the purposes and to undertake for consideration on behalf
of any client the work of examining, inspecting and carrying out tests on any products and
to issue certificates in respect of such products.
7. To perform and undertake activities and carry on business pertaining to leasing, giving on
hire or hire purchase, warehousing, factoring, providing financial assistance by means of
leasing, giving on lease, hire or hire purchase lending, reselling or disposing off all forms
of immovable and movable properties and assets including buildings, godown, warehouses
and real estate or any kind, nature or user and all types of agricultural, industrial, office and
other plants, equipments and machineries including heavy or medium agricultural, industrial
machinery, computers, electronic data processors tabulators, air-conditioners, medical equip-
ment, domestic equipments or appliances or any system or products whether industrial or
consumer and all types of automobiles, vehicles and ships.
8. To carry on the business as photographers, manufacturers, dealers and designers in playing,
visiting, railways, festives, complementary and fancy cards, tickets, stamps and parchments.
9. To carry on the business of storing of goods, articles, food stuffs, commodities of all kinds
in refrigerators, ice chambers, deep freeze, cold storage of warehouses and for the purpose
to construct, purchase, hire take on hire, take on lease, develop warehouses, premises,
buildings or units in refrigerators ice-chambers, deep freeze, cold units.
10. To carry on the business of textile engineers and manufacturers and dealers in textile machinery
and to manufacture, produce, repair, alter, convert, recondition, resale, hire, import, export,
market, let on hire, trade and deal in spares, plant, accessories, fittings, engineering goods,
rolling stock, hardware required for textile industries.
11. To carry on business as manufacturers, buyers, sellers, dealers, distributors, stockists,
importers, exporters, resellers, clearing agents, transporters, processors in all kinds of cement
including ordinary, white, coloured, portland, lime cement and cement products of all kinds
including pipe fittings, poles, roofs, bricks, prefebricated walls, blocks, tiles, covers, asbestos
sheets and by products and joint products thereof.
12. To carry on the business as manufacturers, buyers, sellers, dealers, distributors, stockists,
importers, exporters, resellers, transporters, clearing agents, processors of lime, bauxite,
gypsum, asbestos, limestores, bricks, fixing materials, sand, plasters, jute bags, paper bags,
gunny bags, HDPE/PP woven bags, plastic bags, pottenes, earthenwares, sanitary wares,
refractories, ceramicwares and products thereof.
13. To carry on in India or elsewhere the business of mining, qaurries and to prospect for, search
for, find, get, work, process, crush, smelt, manufacture, refine, blend, clean, convert, store,
transport, buy, sell, import, export, distribute, market and deal in mineral oil of all kinds, mineral
gases of all kinds, mineral of all kinds, fuel of all kinds, their by-products, derivatives, mixtures,
semifinished products and ores.
14. To manufacture, buy, sell, exchange, alter, improve, import, export, market or deal in all kinds
of cables, wires, bars and conductor including insulated cables and wires, cabtype sheated
wires, PVC cables and wires, flexible cables and wires, flexible cords, cotton or silk braided
cable and wires, conduct wires and cables, low and high tension power cables, telegraph
and telephone cables, low and high tension paper, rubber or bitumen insulated lead covered
power cables, armoured or un-armoured extra high tension shielded or belted cables, long
distance cables, signal ling cables, copper conductors, alluminium conductors, copper bars,
alluminium bus bars and their accessories.
15. To manufacture buy, sell, distribute, import, export, market and deal in welding electrodes,
welding machines, gases of all kinds, welding fluxes, gas-cylinders of all types and sizes,
power batteries and cells, torches, cooking range and other domestic appliances.
16. To carry on business as timber merchants and timbergrowers and to buy, sell, grow, process,
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prepare for, market, manipulate, import export, market and deal in timber and woods of all
kinds and to manufacture and deal in wooden articles such as furniture fixtures, toys, wooden
packing cases, domestic appliances, agricultural implements, windows, doors, articles required
for construction work, wooden plants and machineries, houses, carriages, sport equipments,
chairs, stage materials, exhibition materials, coaches, vehicle bodies and to buy, clear, work,
develop and deal in timber estates.
17. To carry on in India or elsewhere, the business of producing, processing, manufacturing,
formulating, using, selling, acquiring, storing, refining, packing, marketing, transporting,
distributing, importing, exporting and dealing in every kind and description of fertilizers,
manures, chemicals, organic or inorganic chemicals, flouro chemicals, heavy chemicals, fine
chemicals, speciality chemicals, acids, alkalies, agrochemicals, industrial chemicals, laboratory
chemicals, fatty acids, cellulose derivatives, furfural and its derivatives, starch derivatives,
nitrates, flouroides, sulphates, sulpher salts, tanins, chemical auxiliaries, disinfectants, PVC
compound, fibre glass, all kinds of gums and gums derivatives, carbon black, caustic soda,
soda ash, conductive polymers, triopolymers, cellulose polymers, ethyl cellulose, hydroxy ethyl
cellulose, nitro cellulose, carboxy methycellulose and its salts, micro crystalline cellulose
powers, heavy waters, radio isotopes, nuclear reactors and atoms.
18. To carry on the business as manufacturers, purchasers, sellers, processors, refiners, exporters,
importers and dealers in every kind or description of gases including oxygen, hydrogen, nitrogen
argon, acetylene and its compounds, by-products, joint products, ancillary products and its
derivatives.
19. To carry on in India or elsewhere the business of producing, processing, converting,
manufacturing, formulating, factoring, using, buying, acquiring, storing, refining, packaging,
selling, marketing, transporting, distributing, importing, exporting and dealing in all kinds and
description of petro-chemical petroleum products, its by products, joint products, ancillary
products and derivatives thereof whether in liquid, solid, flake or gaseous form.
20. To carry on in India or elsewhere the business of processing, converting, producing,
manufacturing, using, buying, acquiring, storing, packing, selling, marketing, transporting,
importing, exporting and disposing off all types and description of drugs, intermediates,
synthetic drug, medicines, vitamins, antibiotics, basic drugs, pharmaceuticals, biological
products, foodstuffs for human and animal use, gelative capsules, sugar, agro-chemicals,
pesticides, fungicides, germicides, insecticides, weedicides, colours, acids, varnishes, paints,
synthetic resins, plasticizers, cosmetics, powders creams, preparation for the teeth, toilet
requisites, detergents, surface active agents, cleaning agents, soaps, glasses, pottery,
terracotta,- artificial stones, cokes, explosives, photographic materials and industrial chemicals.
21. To carry on the business of investment company and to buy, underwrite, invest in and acquire
and hold shares, stocks, debenturestocks, bonds, obligations and securities issued or
guaranteed by and company, firm, person, government, local authority or institution whether
in India or elsewhere and to deal in with and turn to account the same.
22. To provide package of investment services by acting as managers to the public issue of shares,
debentures, debenture bonds, securities by underwriting and to act a brokers, issue houses,
portfolio management and investment in various avenues like shares, debentures, fixed deposit,
securities, saving certificates and to pass on the benefits of portfolio investments to the
investors as dividends, bonus, interest.
23. To carry on business as manufacturers, buyers, sellers, dealers, distributors, exporters,
importers, hirers, stockists, surveyors, velures, agents, clearing agents, processors, assemblers,
repairers, erection and commissioning of agricultural implements, equipments and machineries
of all types and sizes either power driven on hand operated including harvesters, thrashers,
winnowers, cultivators, seeds and fertilizer drillers, sprinklers, dairy machines, elevating
machines, conveying machines, transmission machines, incubators, sprayers, hullers hand
industrial blowers, drilling machines, oil engines, kerosene engines, petrol engines, internal
combustion engines and their raw materials, components, semifinished goods, accessories
and spareparts.
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24. To carry on the business as manufacturers and dealers in all types of electrical, electronic,
mechanical, micro-processor based, electo-mechanical computerised equipments including X-
ray machines, ultra sound machines, scanners ECG machines, echo cardiographic machines,
electro surgical instruments and digital instruments required for medical surgical operations,
hospitals, dispensaries, medical centre, research laboratories, institutions, educational insti-
tutions, scientific and other institutions, educational institutions, scientific and other institutions
or organisations or companies.
25. To carry on the business as electroplaters, nicklplaters, chromium platers, metalsprayers,
oxidisers, anodisers and metalplaters, general painters, varnishers, lacquerers, enamellers,
polishers, welders braziers, gliders, goldsmiths, silversmiths, watchmakers and jewellers.
26. To carry on the business as manufacturer and dealers in metal wares, glass wares, leather-
wares, research equipments and appliances.
27. To carry on in India or elsewhere the business of manufacturing, producing, processing,
crimping, twisting, texturising, blending, mixing, purchasing, selling, importing, exporting,
marketing and dealing in all kinds natural and man made fibres, fibre yarns, fibre cords, cotton
yarns, polyster staple fibres, jute, wool, silk, core, art silk, nylon fibres, staple fibres, fabrics,
plastic fabrics, synthetic and other fibrous materials, cloths, dressing materials, furnishing
materials, handicrafts, khadi uniforms, readymade garments, apparels, carpets, carpet banking,
blankets, padding, knitted goods, decorative materials, woven bags, hosiery, gloves, sewing
threads, ropes, covers and packing materials.
28. To set up, operate, fabricate, market and deal in steel furnace, steel rolling mills, steel rolling
plant and to re-roll mild, low, medium, high carbon and alloy steel and alloy, cold, rolled
and hot rolled strips, refine alloy and manufacture ingors, skeiped billets of special steels
and alloy steels and to act as steels makers, steel converters and to manufacture metallurgical
products in all forms and to carry on business of setting up of ministeel plants and ship
breaking units.
29. To manufacture, produce, trade, export, import, market and deal in rerolled sections of all
sizes and specifications of ferrous and non ferrous including angles, bars, flats, plates, rods,
rounds, octagons, hexagons, joint channels, strips, plates and cold twisted bars and other
structurers, steel extruded sections, forgings and to manufacture and deal in household goods
made up of any metals and to manufacture and deal in steel and alluminium furniture and
foils manufactured form alluminium and other ferrous and non-ferrous metal.
30. To carry on the business of manufacturers, fabricators, exporters of and dealers in wrought
iron, pig iron, copper, brass, alluminium and other metals, metal alloys and scrap metals,
skull scrap and metallic residue and mineral substances or compounds or products of any
kind or description whatever.
31. To carry on India or elsewhere the business of designing, engineering, fabricating, manufac-
turing, assembling, marketing, importing, exporting, selling, purchasing, leasing, distributing,
supplying or trunkey basis or servicing, maintaining, erecting and commissioning repairing and
dealing in earth moving machineries, road making and construction machineries including paver
plants, road rollers, mixer machine and weight lifting machineries including chainpully blocks,
graded chains, mobile crane, overhead cranes, fork lift, passenger lift, elevators, vibrators,
hydraulic jacks, excavators, air compressor, reduction gears, speed reducers, fire fighting
equipments and plants, machinery and structures required for refining, processing, testing,
storing, converting and transporting of all types of mineral oils their by-products, joint products
and ancillary products.
32. To carry on in India or elsewhere the business as manufacturers, producers, fabricators,
processors, buyers, sellers, assemblers, importers, exporters and dealers in electrical,
electronic or electro-mechanical or mechanical equipments, appliances, machineries, their
components, accessories, spare parts and systems required for industrial, agricultural, domestic
or other purposes including all types of meters, measuring instruments, testing instruments,
calibrating instruments, protection, auxiliary and other relays, sonic or ultra sonic equipments,
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radars, computer, minicomputers, data processors equipments, micro processor based
equipments, microwave equipments, control system or equipments required for atomic reactors
and space applications control systems, audio visual communication equipments, image and
document production equipments, broadcasting and cinematographic equipments, testroom
equipments, scientific instruments, medical and surgical equipments, oscilloscopes, electric
motors of all types electric furnaces, cremation furnaces, instrument transformers, current
transformers potential transformers, power line carrier communication equipments, switches,
switch and control boards, control panels, time switch, radio control switches, circuit breaker
of all types, switch gears and control gears, procelain insulators, boosters, rectifier, low and
high voltage transformers, vacuum gauges, television sets, tape recorders, video games, receiver
sets, amplifiers, audio systems, calculators, electronic components including capacitors, tran-
sistors, electric and electro-mechanical parts, printed circuit boards, diodes, resistors, indicators,
transformers, ferritss tubes, television tubes, picture tubes incandecent lamp miniature lamps
and tubes, integrated circuits, thyristors lamination sheets stamping, all types of insulating
materials, fuses, floppy disc, magnetic tapes, magnetic disc, record players, changers, zip
fasteners, watches water filters valves pressure vessels and guages, heat exchangers,
dehumidiflers and corrosion control equipments arms and ammunition required for defence.
33. To carry on the business as transporters, couriers of every kind and description of goods,
materials, luggages, merchandise, animals or passengers, boxes, covers, cards, papers and
valuable article from place to place either by air or by land or river or sea or partly by sea
or river and partly by land or air and for the purpose own, hire, take on rent, given on rent,
sell, purchase, market and deal in motor vehicles, aeroplanes, animal drawn vehicles, car,
ship, steamer, truck, buses, minibuses and to carry on the business of general carrier railway
and forwarding agents, clearing agents, warehousement, storekeepers, bonded caremen and
common caremen and for the purpose to won, hire, lease, take on rent, give on rent any
buildings, warehouse or other facilities and to operate, establish own and maintain garages,
service stations, workshops, terminal freight point and to store, repair, rent and lease motors,
buses, automobiles or other vehicles.
34. To carry on the business of designing, engineering, fabricating, manufacturing, assembling,
marketing, importing, exporting, selling, purchasing, leasing, distributing, supplying on trunkey
basis or servicing, maintaining, erecting and commissioning, repairing and dealing in all kind,
description of industrial plants, petro-chemical plants, cement plants including rotary kilns and
fluxo packers fertilizer plants, chemical vessels, sugar plants, edible and non-edible oil
extraction plants, pulp and paper manufacturing plants, polution control equipments, crystalliser
plants, bottling plants, drying plants, power plants, coal and material handling plants, dairy
plants, plastic processing machinery, cement machinery, beverage machinery, air conditioning
and refrigeration plants and their machineries, components, accessories, ancillary equipments,
instruments and appliances.
35. To carry on the business as manufacturers, buyers, purchasers, sellers, processors, producers,
importers, exporters, researchers, developers, consultants, advisors and dealers in every kind
and description of ceramics, ceramic products, technical alumina, alumina products, their raw
materials, by-products, joint products, auxiliary products and allied products including alumina,
titania and ceramic, textile thread guides, alumina ceramic seals, alumina nozzles, alumina
and zercon granules, industrial grade ceramic wool, ceramic deburring and grinding media,
ceramic coating, ceramic cutting tools, oxide ceramics of boron-nitril, titania alumina and zercon
based ceramics, assorted alumina products and potteries.
36. To carry on the business of extracting, refining, processing, blending, dealing, purchasing,
selling, edible or non-edible oils, rasa, rasayana, fats, casic, substances, elements or
ingredients from all types of oil seeds, cash crops, seed, food grains, cereals, nuts, cakes,
agricultural produces, vegetables, leaves, roots, flowers, herbs, plants, shrubs and trees and
for the purpose to run or carry on extraction plants, processing or refining plants and all other
allied activities and to deal in purchase, sell, export, import, or market such resultant products
or produces and their derivatives, by-products, joint products, finished products, raw materials
or semi-processes materials.
37. To carry on the business as buyers, exchangers, importers, exporters, assemblers, distributors,
repairers or dealers in all the accessories, raw materials, spare parts and components required
for the purpose of the business of the Company.
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38. To manufacture, fabricate, assemble, buy, sell, market, let on hire, import, export, repair,
maintain and deal in all kinds and description of automobile, whether propelled or assisted
by means of petrol, spirit, gas, mineral, oil, electricity, animal, atomic or anykind of fuel or
power or energy including autocylcles, motorcycles, scooters, mopeds, scooter rater, motor
cars, auto rickshaws, trucks, tractors, delivery vans, tankers, lorries, buses, minibuses, metador,
tempo, motor boats, motor launches or other vehicles and their spareparts, components,
accessories and ancillary equipments, including automotive equipments, axles, hydraulic jacks,
airbrake equipments, suspension units, pressed steel cabs, beating, piston rings, crank shafts,
truck bodies, tyres and tubes.
39. To carry on the business as manufacturer, fabricator, assembler, processor, finisher, repairer,
buyer, seller, importer, let on hire purchase and dealers in any kind of machine, tools, including
drilling boring and tapping machines, milling machines, lathe machines, grinding machines,
gear cutting and gear grinding machines and tools for metal cutting and metal working hammer,
and forging machines,. welding machines and , equipments, welding electrodes, press, sheet,
metal shaping machines and equipments, wire working and converting machines, weighing
machines and weights, printing machines, cutting machines, wood working machines, sewing
machine and machine tools of all types, sizes and description.
40. To undertake, carry on, act as or take up business as consultants in civil engineering,
mechanical engineering, electrical engineering, electronic engineering, architect, structural
engineering and contractors for any national and international agency whether private, public,
government, railways, ports, defence, corporation, company, syndicate, association of persons,
trusts and also to provide technical consultancy services in concrete, R.C.C. and pre-stressed
concrete products, ancilliaries, plants and machineries and appliances for R & D work.
41. To manufacture, buy, import, export, sell, distribute, process, mould, bond, fabricate cement
concrete, R.C.C. pre-stressed concrete products, like pipes, poles, overhead masts, slippers,
tiles, structure and slabs.
42. To carry on the business in India and elsewhere as manufacturers, producers, buyers, sellers,
dealers, traders, suppliers, exporters, importers, factors, agents, consignors, consignees,
distributors, advertisers, marketing agents, stockists, suppliers of any brand and of all classes,
kinds and types of galies, detergent, cakes, toilet soaps, laundry soaps, marine soaps, industrial
soaps, detergent powder, detergent liquid, clearing powder, washing powder, neel, whitener,
slury, benzyne, washing materials, toilets requisites and preparation.
43. To carry on business of running nurshing homes, clinics, pharmacies, indoor, or out-door
hospitals, medical, anatomical, orthopaedic, surgical and TXU Ray units, laboratories research
establishments, nature cure centres and hospitals for eye, throat and nose deceases and
to acquire land, buildings, plants, equipments, accessories, instruments, gadgets, furniture and
fittings and other facilities for treatment and nursing of patients of various types of decease
aliments, sickness, illness and other body or mental troubles and to act as consultant in any
and all branches of medical sciences.
44. To carry on in India or elsewhere the business to establish, form, promote, manage, organise,
handle, sponsor, operate, supervise or to float an asset management company to manage
all sorts of assets of mutual funds through a duly constituted trust under the Indian Trust
Act in all its branches whether open ended, close ended, or other schemes as may be approved
by Securities & Exchange Board of India or other authorities from time to time under prevailing
laws, rules and guidelines, and to change such management and advisory fees and incidental
expenses from mutual funds floated by its and to do all such acts and things necessary for
the attainment of forgoing objects.
45. To organise and effect exports from India or such goods and commodities as are manufactured,
produced or otherwise available in the State of Gujarat and elsewhere in the Country and
to import into the Country such goods and commodities as the Company may from time to
time determine.
46. To undertake or direct the constructions and the maintenance of and to acquire by purchase,
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lease, exchange, hire on otherwise and or property, building and estate of any tenure of any
interest therein, to sell, lease, let mortgage of otherwise dispose of the same and to purchase
and sell for any person free hold or lease hold land, house, property, building, offices, factories,
workshops, godowns, farm houses, farms or any share/interests therein and to carry on the
business of land estate agent on commission on commission or otherwise without commission.
47. To carry on the business of and act as promoters, organisers and developers of land, estate,
properties, cooperative housing schemes, shopping-office complexes, township, farms, farm
houses, holiday resorts, hotels, motels and to finance with or without security for the same
and to dealwith and improve such properties either as owner or as agents.
48. To undertake and carry on the business of shippers, ship owners, ship-breakers, shipping
agents, ship managers, tug owners, loading brokers, freight contractors, barge owners,
Iightment, bredgers and forwarding agents, engineers, ship store merchants, ship husbands,
stevedores, salvers, ship builders and ship repairers, ship breaking yards, and to carry on
business of breaking cutting, dismantling of ship, launches, ocean going vessels playing
on water either by company itself or through other arrangements whether on contract or job
work basis.
49. To carry on in India or elsewhere the business of managing public issues of shares and
securities in all its branches and to act as advisor, broker, sub-broker, remiser, market maker,
representative, investor, underwriter, sub-underwriter, merchant banker, manager to issue, co-
manager to issue, portfolio managers, consultants, share transfer agents, registers of shares,
advertising and publicity agents, printers or other intermediaries of capital market and to sale,
purchase, exchange, subscribe, acquire, undertake and hold all types of shares, securities,
stocks and bonds, including all types of shares, securities, stocks and bonds, including equity
shares, preference shares, cumulative convertible preference shares, fully convertible deben-
tures, partly convertible debentures, non-convertible debentures, debenture stocks, warrants,
premium notes and other similar instruments whether issued in India or in any foreign country.
50. To apply for and become in India or abroad member of any Stock Exchange, Securities and
Exchange Board of India. Over the Country Trading and exchange of India, National Stock
Exchange and any other similar authority, body or institution as may be established from
time to time by public, government, financial institutions or any other person or group of persons
and to do all incidental acts and things necessary for the attainment of foregoing objects.
51. To carry on India or elsewhere the business to act as consultant, advisor, representative,
advocate, signatories, attorneys, liasioner, agent, serviceman, middleman, arbitrator, conciliator,
auctioneer, liquidator, secretary and solicitor in all its branches such as legal commercial,
industrial, manufacturing, production, engineering, personnel, marketing, advertising, publicity,
sales promotion, public welfare, corporate management, business management, company law,
taxation, investment, portfolio management, agriculture, animal husbandry, poultry, fisheries,
power generation, energy savings, insurance, banking, loan syndication, import and exports,
research and development, software developments, computer applications, equity control,
technical knowhow, geology and mining, medicine and surgery, merchant banking, underwriting,
secretarial services, financial management, construction, transport and on other similar subjects
and to make evaluations, feasibility studies, techno economic feasibility studies, project reports,
forecasts, surveys and rehabilitation packages and for the purpose to run, establish, maintain,
provide, operate, manage, supervise, arrange and take on hire all necessary services, facilities,
conveniences, equipments etc. and to supply trunkey projects in all industries, utilities,
commercial and welfare fields and to do all incidental acts and things necessary for the
attainment of foregoing objects.
52. To carry on in India or elsewhere the business in all its branches of managing public issue
and to act as broker, agent, sub-broker, underwriter, lead manager, co-manager, consultant,
advisor, share transfer agent, register of share, advertising and publicity agent, printer, portfolio
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manager, merchant banker, odd lot dealer or other intermediaries and to buy, sell, exchange,
adjust, subscribe, acquire, undertake, hold, invest or otherwise deal in all kinds of shares,
securities, stocks, bonds, fully convertible debentures, partly convertible debentures, non
convertible debentures, warrants, premium notes and other similar instruments as may be
are prevailing from time to time.
53. To apply for and become member in India or elsewhere of any stock exchange, national stock
exchange securities and exchange board of India (SEBI) Over the Counter Trading and
Exchange of India (OCTEI) and any other similar institution, authority, body or association
and to do all such incidental acts and things necessary for the attainment of forgoing objects.
54. To carry on in India or elsewhere the business to manufacture, produce; process, prepare,
commercialize, cut, polish, set, design, display, exchange, examine, finish, grind, grade, assort,
import, export, buy, sell, resale, demonstrate, market and to act as agent, broker, indenter,
liasioner, adatia, representative, C & F agents, export house, valuer, sale promoter, supplier,
provider, merchant, stockists, distributor, wholesaler, retailer or otherwise to deal in all shapes,
sizes, varieties, description, specifications, applications and designs of rough, raw, cut, uncut,
polished or processed, natural and man made precious semiprecious and natural stones such
as diamonds, ruby, pearls, gemstones, blue sapphires, cats eye stone, coral, topaz, opal,
zircon, tourmaline, jade, spinal ruby, acquamarine, turquoise, peidot, agate, garnet, corundum,
amethyst, malachite, citrine, alexendrite, smoky quartz, lapis lazuli, rock crystal, onyx, moon
stone, jasper, blood stone, gold stone, bismuth, jet, diopside, tiger eye, sunstone, spinal, jews
stone, load stone, sardonex, touch stone, amber and their ornaments, jewelleries, articles,
goods, or things, made in the combination of gold, silver, platinum, or other metals, and alloys
thereof and for the purpose to act as goldsmith, silversmith, jewellers, gem merchant,
electroplaters, polishers, purifiers, and to do all incidental acts.
IV. The Liability of the Members is Limited.
V. The Authorised Share Capital of the Company is Rs. 4000,00,00,000 (Rupees Four Thousand
Crores only) divided as follows:
(i) Rs. 3500,00,00,000 (Rupees Three Thousand Five Hundred Crores only) divided into
350,00,00,000 (Three Hundred Fifty Crores) Equity Shares of Rs. 10/- each ranking pari
passu with the existing Equity Shares; and
(ii) Rs. 500,00,00,000 (Rupees Five Hundred Crores only) divided into 50,00,00,000 (Fifty
Crores) Cumulative Compulsorily Convertible Participatory Preference Shares of
Rs. 10/- each.
148
The Authorised Share Capital of the Company is Rs. 4000,00,00,000 (Rupees
Four Thousand Crores only) divided as follows:
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We, the several persons, whose names and addresses are subscribed are desirous of being
formed into a Company in pursuance of this Memorandum of Association, and we
respectively agree to take the number of shares in the capital of the Company set
opposite our respective names :-
Number of
Names, Addresses, Descriptions, Equity Name, Address,
Occupation and Signature Shares taken Description and
Sr. of the Subscribers by each Occupation of the
No. Subscriber Common Witness
1. Mahasukh S. Adani 100
S/o Shantilal B. Adani (One Hundred)
9, Maitri Society,
Dr. Radhakrishnan Marg,
Ambawadi,
Ahmedabad - 380 015.
Occupation : Business Sd/-
2. Rajesh S. Adani 100
1-A, North View Apts.,
Nr. St. Xaviers College.
Navrangpura,
3. Vasant S. Adani 100
13/B, Gyankunj Society,
Navrangpura,
Occupation :Business Sd/-
4. Gautam S. Adani 100
Shantivan Farm,
B/h Karnavati Club,
Gandhinagar-Sarkhej Highway,
Ahmedabad.
Common Witness To All
Dipti Y. Shah
W/o Yogesh Shah
25, Tapovan Society,
Ambawadi,
Occupation
Company Secretary
M. No. 6232
Sd/-
150
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Number of
5. Vinod S. Adani 100
Navrangpura,
6. Suvarna M. Adani 100
W/o Mahasukh S. Adani (One Hundred)
9, Maitri Society,
Ambawadi, Ahmedabad - 380 015.
7. Priti G. Adani 100
W/o Gautam S. Adani (One Hundred)
Shantivan Farm,
B/h Karnavati Club,
Ahmedabad.
8. Ranjan V. Adani 100
W/o Vinod S. Adani (One Hundred)
Navrangpura,
9. Pushpa V. Adani 100
W/o Vasant S. Adani (One Hundred)
Navrangpura,
10. Shilin R. Adani 100
W/o Rajesh S. Adani (One Hundred)
Navrangpura, Ahmedabad - 380 009.
1,000
Total (One Thousand)
Place : AHMEDABAD Dated this 13th day of AUGUST, 1996.
Dipti Y. Shah
W/o Yogesh Shah
Ambawadi,
Occupation
Company Secretary
M. No. 6232
Sd/-
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1
THE COMPANIES ACT, 1956
COMPANY LIMITED BY SHARES
ARTICLES OF ASSOCIATION
OF
ADANI POWER LIMITED
PRELIMINARY AND INTERPRETATION
1. [1] The Regulations contained in Table A in Schedule I of the Companies Act, 1956 shall
not apply to the Company, except in so far as the same are repeated, contained or expressly
made applicable in these Articles of by the said Act.
[2] (a) The marginal notes used in these Articles shall not affect the construction thereof.
(b) In the interpretation of these Articles, the following expressions shall have the following
meanings, unless repugnant to the subject or context.
The Company or This Company means ADANI POWER LIMITED
The Act or The said Act means the Companies Act, 1956.
Alter and Alteration shall include the making of additions and omissions.
Board means the board of directors of the Company from time to time;
Capital means the Share Capital for the time being raised or authorised to be raised,
for the purposes of the Company.
Committee means a body of persons authorized to act in a certain manner,
consisting of such members of the Board, nominated by the board from time to time.
Register of Members or The Register means the Register of Members to be
raised for the purpose of the Company.
Seal means the Common Seal of the Company.
Month means a calendar month.
Beneficial Owner shall have the meaning assigned thereto by Section 2(1)(a) of
the Depositories Act, 1996.
SEBI means Securities & Exchange Board of India established under Section 3
of the Securities & Exchange Board of India Act, 1992.
Depository shall have the meaning assigned thereto by Section 2(1)(e) of the
Depositories Act, 1996.
Depositories Act, 1996 shall mean Depositories Act, 1996 and include any Statutory
modification or re-enactment thereof for the time being in force.
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Member means the duly registered holder from time to time of the shares of the
Company of any class and includes the subscriber(s) of the Memorandum of the
Company and also every person whose name is entered as the beneficial owner of
any shares in the records of Depository
Equity Shares means equity shares of the Company having a face value of Rs.10/
- (Rupees Ten only) each;
Exchange(s) means any of the Bombay Stock Exchange Limited or the National Stock
Exchange (including, in either case, any successor thereto) or any internationally
recognized stock exchange or quotation system;
Words importing the masculine gender also include, where the context requires or
admits, the feminine gender.
Words importing the singular number also include, where the context requires or admits,
the plural number and vice-versa.
(d) Unless the Context otherwise requires words or expressions contained in these Articles
shall bear the same meaning as in the Act and/or the Depository Act, 1996.
SHARE CAPITAL AND VARIATION OF RIGHTS
2. Subject to the provisions of these Articles and of the Act, the shares in the capital of the
Company for the time being shall be under the control of the Board who may issue, allot
or otherwise dispose of the same or any of them to such persons, in such proportion and
on such terms and conditions, and either at a premium or at par or (subject to compliance
with section 79 of the Act) at a discount and at such times, as the Board think fit, and with
sanction of the Company in General Meeting to give any person or persons the option or
right to call of any shares either at par or at a premium during such time, and for such
consideration as the Board think fit, provided that option or right to call of shares shall not
be given to any person or persons without the sanction for the Company in General Meeting.
2A. The Authorised Share Capital of the Company shall be as per paragraph V of the Memorandum
of Association of the Company with powers to increase or reduce the Share Capital and
to divide the shares in the capital for the time being into several classes and to attach thereto
respectively such preferential, deferred or such other rights, privileges or conditions as may
be determined in accordance with the regulations of the Company and to vary, modify,
abrogate, any such rights, privileges or conditions, and to consolidate or sub-divide the shares
and issue shares of higher of lower denomination in such manner as may be provided by
the regulations of the Company.
3. Subject to the provisions of Sections 80 and 80A of the Act, the Company is authorised
to issue redeemable shares on such terms and conditions as the Company in General Meeting,
any prescribe.
4. Subject to the provisions of the Act and these Articles, the Directors may issue and allot
shares in the capital of the company on payment or part payment for any property or assets
of any kind whatsoever sold or transferred, goods or machinery supplied or for services
rendered to the company in the conduct of its business and any shares which may be so
allotted may be issued as fully paid up or partly paid up otherwise than in cash, and if so
issued, shall be deemed to be fully paid up or partly paid up shares as the case may be.
4A. (1) Where at any time after the expiry of two years from the formation of the company or
at any time after the expiry of one year from the allotment of shares in the company
made for the first time after its formation, whichever is earlier, it is proposed to increase
the subscribed capital of the company by allotment of further shares then:
(a) Such further shares shall be offered to the persons who, at the date of the offer,
are holders of the equity shares of the company, in proportion, as nearly as
circumstances admit, to the capital paid-up on those shares at that date;
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3
(b) The offer aforesaid shall be made by a notice specifying the number of shares offered
and limiting a time not being less than fifteen days from the date of the offer within
which the offer, if not accepted, will be deemed to have been declined;
(c) The offer aforesaid shall be deemed to include a right exercisable by the person
concerned to renounce the shares offered to him or any of them in favour of any
other person and the notice referred to in sub-clause (b) shall contain a statement
of this right;
(d) After the expiry of the time specified in the notice aforesaid, or on receipt of earlier
intimation from the person to whom such notice is given that he declines to accept
the shares offered, the Board of Directors may dispose of them in such manner as
they think most beneficial to the company.
(2) Notwithstanding anything contained in sub-clause (1) the further shares aforesaid may be
offered to any persons (whether or not those persons include the persons referred to in
clause (a) of sub-clause (1) hereof) in any manner whatsoever.
(a) If a special resolution to that effect is passed by the company in general meeting,
or
(b) Where no such resolution is passed, if the votes cast (whether on a show of hands
or on a poll as the case may be) in favour of the proposal contained in the resolution
moved in that general meeting (including the casting vote, if any, of the Chairman)
by members who, being entitled so to do, vote in person, or where proxies are allowed,
by proxy, exceed the votes, if any, cast against the proposal by members, so entitled
and voting and the Central Government is satisfied, on an application made by the
Board of Directors in this behalf, that the proposal is most beneficial to the company.
(3) Nothing in sub-clause (c) of (1) hereof shall be deemed :
(a) To extend the time within which the offer should be accepted; or
(b) To authorize any person to exercise the right of renunciation for a second time, on
the ground that the person in whose favour the renunciation was first made has declined
to take the shares comprised in the renunciation.
(4) Nothing in this Article shall apply to the increase of the subscribed capital of the company
caused by the exercise of an option attached to the debentures issued by the company:
(a) To convert such debentures or loans into shares in the company; or
(b) To subscribe for shares in the company
Provided that the terms of issue of such debentures or the terms of such loans include
a term providing for such option and such term:
(a) Either has been approved by the central Government before the issue of debentures
or the raising of the loans or is in conformity with Rules, if any, made by that
Government in this behalf; and
(b) In the case of debentures or loans or other than debentures issued to, or loans obtained
from the Government or any institution specified by the Central Government in this
behalf, has also been approved by the special resolution passed by the company in
General Meeting before the issue of the loans.
5. Except so far as otherwise provided by the conditions of issue or by these presents, any
capital raised by the creation of new shares shall be considered as part of the original capital
and shall be subject to the provisions herein contained with reference to the payment of calls,
installments, transfer, transmission, forfeiture, lien, surrender, voting and otherwise.
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6. In any whenever, as a result of issue of new or further shares or any consideration or sub-
division of shares, any shares are held by members in fractions, the Director shall, subject
to the provisions of the Act and the Articles and to the directions of the Company in General
Meeting, if any, sell those shares, which members hold in fractions, for the best price
reasonably obtainable and shall pay and distribute to and amongst the members entitled to
such shares in due proportion, the net proceeds of the sale thereof. For the purpose of giving
effect to any such sale the Directors may authorise any person to transfer the shares sold
to the purchaser thereof, comprised in any such transfer and he shall not be bound to see
to the application of the purchase money nor shall his title to the shares be effected by any
irregularity or invalidity in the proceedings in reference to the sale.
7. (1) If at any time the share capital is divided into different classes of shares, the rights attached
to any class may, subject to the provisions of Section 106 and 107 and whether or not
the Company is being wound up, be varied with the consent in writing of the holders
of three-fourths of the issue shares of that class or with the sanction of a special resolution
passed at a separate meeting of the holders of the shares of that class.
(2) To every such separate meeting, the provisions of these Articles relating to general meeting
shall mutatis mutandis apply, but so that the necessary quorum shall be two persons at
least holding or representing by proxy one-third of the issue shares of the class in question.
8. The rights conferred upon the holders of the shares of any class issued with preferred or
other rights shall not, unless otherwise expressly provided by the terms of issue of the shares
of that class, be deemed to be varied by the creation or issue of further shares ranking pari
passu therewith.
9. An application signed by or on behalf of an applicant for shares in the company, followed
be an allotment of any shares therein shall be acceptance of shares within the meaning of
these Articles and every person who thus or otherwise accepts any shares and whose name
is one the Register of Members shall for the purpose of these Articles be a member.
10. Save as herein provided, the company shall be entitled to treat the person whose name appears
on the Register of Members as the holder of any share as the absolute owner thereof, and
accordingly shall not (except as ordered by a court of competent jurisdiction or as required
by law) be bound to recognize any benami, trust of equity or equitable, contingent, future,
or partial or other claim or claims or right to or interest in such on the part of any other
person whether or not in shall have express or implied notice thereof and the provisions of
Section 153 of the Act shall apply.
11. Subject to the provisions of the Act, the Company shall be entitled to register only fully paid
shares in the name of any minor person acting through his legal/natural guardian and allow
the dividend thereof to be collected by the guardian; such guardian shall exercise all the
rights in respect of such shares including the rights of voting and transfer.
12. Every member shall be entitled to :
to one or more certificates in marketable lots, for all the shares if each class or denomination
registered in his name, or if the directors so approve (upon paying such fee as the Directors
so time determine) to several certificates, each for one or more of such shares and the
Company shall complete and have ready for delivery within three months from the date of
allotment, unless the conditions of issue thereof otherwise provide, or within two months of
the receipt of application of registration of transfer, transmission, sub-division, consolidation
or renewal of any of its shares as the case may be. Every certificate of shares shall be
under the seal of the Company and shall specify the number and distinctive numbers of shares
in respect of which it, is issued and amount paid -up thereon and shall be in such form
as the directors may prescribe and approve, provided that in respect of a share or shares
more than one certificate, and delivery of a certificate of shares to one or several joint holders
shall be sufficient delivery to all such holder.
The Company shall not be bound to register more than three persons as the joint holders
of any shares.
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Subject to the provisions of Section 94 of the Act, the Company in General Meeting may,
from time to time, sub-divide or consolidate its shares.
13. If a share certificate is worn out, defaced, mutilated or torn or if there be no further space
on the back thereof for endorsement of transfer, then upon production and surrender thereof
to the Company, a new Certificate may be issued in lieu thereof, and if the certificate is
lost or destroyed then upon proof thereof to the satisfaction of the Company and on the
execution of such indemnity as the Company may deem adequate being given, a new certificate
in lieu thereof shall be given to the party entitled to such lost or destroyed certificate. Every
certificate under this Article shall be issued without the payment of fees of the Directors so
decide, or on the payment of such fees (not exceeding Rs. 2/- for each certificate) as the
Directors may prescribe. Provided that no fee shall be charged for issue of new certificates
in replacement of those which are old, defaced or worn out or where there is there be no
further space on the back thereof for endorsement of transfer.
Provided that notwithstanding what is stated above the Company shall comply with such
rules or regulation or requirements of any Stock Exchange or the rules made under the Act or
rules made under Securities Contracts (Regulation) Act,1956 or any other Act, or rules
applicable thereof in this behalf.
The provisions of this Article shall mutatis mutandis apply to debentures of the Company.
COMMISSION AND BROKERAGE
14. (1) The Company may exercise the powers of paying the commissions conferred by Section
76 of the Act, provided that the rate per cent of the amount of the commission paid or
agreed to be paid shall be disclosed in the manner required by that section.
(2) The rate of commission shall not exceed the maximum percentage provided for the Section
76 of the Act.
(3) The commission may be satisfied by the payment of cash or the allotment of fully or
partly paid shares or partly in one way and partly in the other.
(4) The Company may also, on may issue of shares, pay such brokerage as may be lawful.
LIEN
15. The Company shall have first and paramount lien upon all the shares/debentures (other than
fully paid up shares/debentures) registered in the name of each member holder (whether solely
or jointly with others) and upon the proceeds of sale thereof for all moneys (whether presently
payable or not) called or payable at a fixed time in respect of such shares and no equitable
interest in any shares shall be created except upon the footing and condition that this Article
15 hereof will have full effect and such lien shall extend to all dividends and bonuses from
time to time declared in respect of such shares/debentures. Unless otherwise agreed the
registration of a transfer of shares shall operate as a waiver of the Companys lien if any
on such shares/debentures. The Directors may at any time declare any shares/debentures
wholly or in part to be exempt from the provisions of this Clause.
16. The Company may sell, in such manner as the Board thinks fit, any shares on which the
Company has a lien.
Provided that no sale shall be made :
(a) Unless a sum in respect of which the lien exists is presently payable; or
(b) Until the expiration of fourteen days after a notice in writing stating and demanding payment
of such part of the amount in respect of which the lien exists as is presently payable,
has been given to the registered holder for the time being of the share or the person
entitled thereto by reason of his death or insolvency.
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17. (1) To give effect to any such sale, the Board may authorise some person to transfer the
shares sold to the purchasers thereof.
(2) The purchasers shall be registered as the holder of the shares comprised in any such
transfer.
(3) The purchasers shall not be bound to see to the application of the purchase money, nor
shall his title to the shares be affected by any irregularity or invalidity in the proceedings
in reference to the sale.
18. (1) The proceeds of the sale shall be received by the Company and applied in payment of
such part of the amount in respect of which the lien exists as presently payable.
(2) The residue, if any, shall subject to a like lien for sums not presently payable as existed
upon the shares before the sale, be paid to the person entitled to the shares at the date
of the sale.
CALLS
19. (1) Subject to the terms and conditions of issue, the Board may, from time to time, make
calls upon the members in respect of any moneys unpaid on their shares (whether on
account of the nominal value of the share or by way of premium).
(2) Each member shall, subject to receiving a notice specifying the time or times and place
of payment, pay to the Company, at the times and place so specified, the amount called
on his shares.
(3) A call may be revoked or postponed at the discretion of the Board.
20. A call shall be deemed to have been made at the time when the resolution of the Board
authorising the Call was passed and may be required to be paid by installments.
21. The joint holders of a share be jointly and severally liable to pay all calls in respect thereof.
22. (1) If a sum called in respect of a share is not paid before or on the date appointed for
payment thereof, the person from whom the sum is due shall pay interest thereon from
the date appointed for payment thereof to the time of actual payment at such rate, as
the Board may determine.
(2) The Board shall be at liberty to waive payment of any such interest wholly or in part.
23. (1) Any sum, which by the terms of issue of a share becomes payable on allotment or at
any fixed date, whether on account of the nominal value of the share or by way of premium,
shall for the purposes of these Articles, be deemed to be a Call duly made and payable
on the date on which by the terms of issue the same becomes payable.
(2) In case of non-payment of such sum, all the relevant provisions of these Articles as to
payment of interest and expenses, forfeiture or otherwise shall apply as if such sum had
become payable by virtue of a call duly made and notified.
24. The Board :
(a) May, if it thinks fit, subject to section 92 of the Act, agree to and receive from any member
willing to advance the same, all or any part of the moneys uncalled due upon the shares
held by him beyond the sums actually called for; and
(b) Upon all the moneys so paid or advanced, or so much thereof as from time to time exceeds
the amount of the calls then made upon the shares in respect of which such advance
has been made, may pay interest at such rate, as may be agreed upon between the
Board and the member paying the sum in advance. Provided that the amount paid in
advance of calls shall not confer a right to dividend or to participate in profits.
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(c) May repay at any time the moneys so advanced until the same would but for such advance,
become presently payable.
The members shall not be entitled to any voting rights in respect of the moneys so paid by
him until the same would but for such payment, become presently payable.
The provisions of this Article shall mutatis mutandis apply to the calls on debentures of the
Company.
TRANSFER OF SHARES
25. (1) The instrument of transfer of any share in the Company shall be executed by or on behalf
of both the transferor or all the joint holders and transferee.
(2) The transferor shall be deemed to remain a holder of the shares until the name of the
transferee is entered in the register of members in respect thereof.
26. (1) The instrument of transfer shall be in writing and subject to the provisions of Section 108
the shares in the company shall be transferred in the form prescribed in sub-section (1-
A) and statutory modification thereof for the time being shall be duly complied with in
respect of all transfer of shares and registration thereof.
26A. The Company shall use a common form of transfer.
27. Subject to the provision of Section 111A of the Act, these Articles and other applicable
provisions of the Act or any other law for the time being in force, the Board may refuse
whether in pursuance of any power of the Company under these Articles or otherwise to
register the transfer of, or the transmission of operation of law of the right to, any shares
or interest of a member in or debentures of the Company. The Company shall within one
month from the date on which the instrument of transfer, or the intimation of such transmission,
as the case may be, was delivered to Company, send notice of the refusal to the transferee
and the transferor or to the person giving intimation of such transmission, as the case may
be, giving reasons for such refusal. Provided that registration of a transfer shall not be refused
on the ground that the transferor is, either alone or jointly with any other persons or persons,
indebted to the Company on any account whatsoever except where the Company has a lien
on the shares.
28. The Board may also decline to recognize any instrument of transfer unless.
(a) The instrument of transfer is accompanied by the certificate of the shares to which in
relates, and such other evidence as the Board may reasonably require to show the right
of the transferor to make the transfer; and
(b) The instrument of transfer is in respect of only one class of shares.
29. Subject to the provisions of Section 154, the registration of transfers may be suspended at
such times and for such periods as the Board may from time to time determine.
30. At least twenty-one days notice before closure of the Register of members shall be given
to the Stock Exchange where shares of the Company are enlisted.
31. No charge will be made for registration of transfer, transmission, probate, succession certificate
and Letters of administration, Certification of Death or Marriage or similar other documents.
(a) For sub-division and/or consolidation of shares and/or consolidation of shares and/or
debenture certificates and for subdivision of letters of allotment and spilt, consolidation,
renewal and pucca transfer receipts into denominations corresponding to the market units
of trading;
(b) For sub-division of renounceable letter of Right;
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(c) For issue of new certificates in replacement of those which are old, decrepit or worn out
or where the cages on the reverse for recording transfers have been fully utilised;
(d) For registration of any Power of Attorney, Probate, Letters of Administration or similar other
documents.
Further the Company will not charge any fees exceeding those which may be agreed
upon with the Stock Exchange.
(i) For issue of new certificates in replacement of those that are torn, defaced, lost or
destroyed;
(ii) For sub-division of letters of allotment and spilt, consolidation, renewal or pucca receipts
into denominations other than those fixed for the market units of trading.
31.A (1) Every shareholder or debenture holder of the Company, may at any time, nominate a
person to whom his shares or debentures shall vest in the event of his death in such
manner as may be prescribed under the Act.
(2) Where the shares or debentures of the Company are held by more than one person jointly,
joint holders may together nominate a person to whom all the rights in the shares or
debentures, as the case may be shall vest in the event of death of all the joint holders
in such manner as may be prescribed under the Act.
(3) Notwithstanding anything contained in any other law for the time being in force or in any
disposition, whether testamentary or otherwise, where a nomination made in the manner
aforesaid purpose to confer on any person the right to vest the shares or debentures,
the nominee shall, on the death of the shareholder or debenture holder or, as the case
may be on the death of the joint holders become entitled to all the rights in such shares
or debentures or, as the case may be, all the joint holders, in relation to such shares
or debentures, to the exclusion of all other persons, unless the nomination is varied or
cancelled in the manner as may be prescribed under the Act.
(4) Where the nominee is a minor, it shall be lawful for the holder of the shares of debentures,
to make the nomination to appoint any person to become entitled to shares in, or debentures
of, the Company in the manner prescribed under the Act, in the event of his death, during
the minority.
TRANSMISSION OF SHARES
32. (1) On the death of a member, the survivor or survivors where the members was a joint holder,
and his legal representatives where he was a sole holder, shall be the only persons
recognised by the Company as having any title to his interest in the shares.
(2) Nothing in clause (1) shall release the estate of a deceased joint holder from any liability
in respect of any share which had been jointly held by him with other persons.
33. (1) Any person becoming entitled to a share in consequence of the death, insolvency
bankruptcy or lunacy of a member may, upon such evidence being produced as may from
time to time properly be required by the Board and subject as hereinafter provided, elect,
either :
(a) To be registered himself as holder of the share; or
(b) To make such transfer of the share as the deceased, insolvent, bankrupt or lunatic
member could have made.
(2) The Board shall, in either case, have the same right to decline or suspend registration
as it would have had, if the deceased or insolvent member had transferred the share
before his death or insolvency.
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34. (1) If the person so becoming entitled shall elect to be registered as holder of the share
himself, he shall deliver or send to the company a notice in writing signed by him stating
that he so elects.
(2) If the person aforesaid shall elect to transfer the share, he shall testify his election by
executing a transfer of the share.
(3) All the limitations, restrictions and provisions of these Articles relating to the right to transfer
and the registration of transfer of shares shall be applicable to any such notice or transfer
as aforesaid as if the death, insolvency, bankruptcy or lunacy of the member had not
occurred and the notice of transfer where a transfer signed by that member.
35. A person becoming entitled to a share by reason of the death, insolvency, etc., of the holder
shall be entitled to the same dividends and other advantages to which he would be entitled
if he were the registered holder of the share, except that he shall not, before being registered
as a member in respect of the share, be entitled in respect of it to exercise any right conferred
by membership in relating to meetings of the Company.
Provided that the Board may, at any time, give notice requiring any such person to elect
either to be registered himself or to transfer the share, and if the notice is not complied with,
within ninety days, the Board may thereafter withhold payment of all dividends, bonuses or
other moneys payable in respect of the share, until the requirements of the notice have been
complied with.
36. The Company shall incur no liability or responsibility whatsoever in consequence of its
registering or giving effect to any transfer of shares made or purporting to be made by any
apparent legal owner thereof (as shown or appearing in the Register of Members) to the
prejudice of persons having or claiming any equitable right, title or interest to or in the said
shares, notwithstanding that the company may have had notice of such equitable right, title
or interest or notice prohibiting registration of such transfer and may have entered such notice
referred thereto in any book of the company and the company shall not be bound or required
to regard or attend or give effect to any notice which may be given to it of any equitable
right, title or interest or be under any liability whatsoever for refusing or neglecting so to do,
though it may have been entered or referred to in some book of the company, but the company
shall nevertheless be at liberty to regard and attend to any such notice and give effect thereto
it the Directors shall so think fit.
36A. (1) A nominee, upon production of such evidence as may be required by the Board and subject
as hereinafter provided, elect, either;
[a] to register himself as holder of the share or debenture, as the case may be; or
[b] to make such transfer of the share or debenture, as the deceased shareholder or
debenture holder, as the case may be, could have made.
(2) If the nominee elects to be registered as holder of the share or debenture himself, as
the case may be, he shall deliver or send to the Company, a notice in writing signed
by him stating that he so elects and such notice shall be accompanied with the death
certificate of the deceased shareholder or debenture holder, as the case may be.
(3) A nominee shall be entitled to the share dividend and other advantages to which he would
be entitled if he were the registered holder of the share or debenture. Provided that he
shall not, before being registered as a member, be entitled to exercise any right conferred
by membership in relation to meeting of the Company.
Provided further that Board may, at any time, give notice requiring any such person to elect
either to be registered himself or to transfer the share or debenture, and if the notice is not
complied with within ninety days, the Board may thereafter withhold payment of all dividends,
bonuses or other monies payable in respect of the share or debenture, until the requirements
of the notice have been complied with.
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FORFEITURE OF SHARES
37. If a member fails to pay any call, or installment of a call, on the day appointed for payment
thereof, the Board may, at any time thereafter during such time as any part of the call or
installment remains unpaid, serve a notice on him requiring payment of so much of the call
or installment as is unpaid, together with any interest which may have accrued.
38. The notice aforesaid shall:
(a) Name and further day (not being earlier than the expiry of thirty days from the date
of service of he notice) on or before which the payment required by the notice is to be
made; and
(b) State that, in the event of non-payment on or before the day so named, the shares in
respect of which the call was made will be liable to be forfeited.
39. If the requirements of any such notice as aforesaid are not complied with, any share in respect
of which the notice has been given may, at anytime thereafter, before the payment required
by the notice has been made, be forfeited by a resolution of the Board to that effect.
40. (1) A forfeited share may be sold or otherwise disposed of on such terms and in such manner
as the Board thinks fit.
(2) At any time before as sale or disposal as a aforesaid, the Board may cancel the forfeiture
on such terms as it thinks fit.
41. (1) A person whose shares have been forfeited shall cease to be member in respect of the
forfeited shares, but shall, notwithstanding the forfeiture, remain liable to pay to the company
all moneys which at the date of forfeiture, were presently payable by him to the company
in respect of the shares and all the expenses incurred by the company in this respect.
(2) The forfeiture of any shares shall also act as the forfeiture of any bonus shares or any
rights attached thereto.
(3) The liability of such person shall cease if and when the company shall have received
payment in full of all such moneys in respect of the shares.
42. (1) A duly verified declaration in writing that the declarant is a Director, the Manager or the
Secretary of the company, and that a share in the company has been duly forfeited on
a date stated in the declaration, shall be conclusive evidence of the facts therein stated
as against all persons claiming to be entitled to the share.
(2) The company may receive the consideration, if any, given for the share on any sale or
disposal thereof and may execute a transfer of the share in favour of the person to whom
the share is sold or disposed of.
(3) The transferee shall thereupon be registered as the holder of the share.
(4) The transferee shall not be bound to see to the application of the purchase money, if
any, nor shall his title to the share be affected by any irregularity or invalidity in the
proceedings in reference to the forfeiture, sale or disposal of the share.
43. The provisions of these Articles as to forfeiture shall apply in the case of non-payment of
any sum which by the terms of issue of a share, becomes payable at a fixed time, whether
on account of the nominal value of the share or by way of premium, as if the same had
been payable by virtue of a call duly made and notified.
43A. Notwithstanding anything contained in any other Articles of the Association, but subject to
the provisions of Section 77A and 77B of the Act and Securities and Exchange Board of
India (Buy Back of Securities) Regulations, 1998 as may be in force at any time and from
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time to time, the Company may acquire, purchase, own, resale any of its own fully/partly
paid or redeemable shares and any other security as may be specified under the Act, Rules
and Regulations from time to time and may make payment thereof out of funds at its disposal
or in any manner as may be permissible or in respect of such acquisition/purchase on such
terms and conditions and at such time or times in one or more installments as the board
may in its discretion decided and deem fit. Such shares which are so bought back by the
Company may either be extinguished and destroyed or reissued as may be permitted under
the Act or the regulations as may in force at the relevant time subject to such terms and
conditions as may be decided by the Board and subject further to the rules & regulations
governing such issue.
DEBENTURES
44. The provisions of these Articles shall mutatis mutandis apply to the calls on, forfeiture of,
transfer and transmission of, debentures of the Company.
44A. Any debentures, debenture-stock or other securities may be issued at a discount, premium or
otherwise and may be issued on condition that they shall be convertible into shares of any
denomination and with any privileges and conditions as to redemption, surrender, drawing,
allotment of shares, attending (but not voting) at the General Meeting, appointment of Directors
and otherwise Debentures with the right to conversion into or allotment of shares shall be
issued only with the consent of the company in the General Meeting by a Special Resolution.
CONVERSION OF SHARES
45. The Company may, by ordinary resolution:
(a) Convert any paid up share into stock; and
(b) Reconvert any stock into paid up share of any denomination.
46. The holders of stock may transfer the same or any part thereof in the same manner as,
and subject to the same regulations under which, the shares from which the stock arose
might before the conversion have been transferred, or as near thereto as circumstances admit.
47. The holders of stock shall, according to the amount of stock held by them, have the same
right, privileges and advantages as regards dividends, voting at meeting of the company, and
other matters, as if they held the shares from which the stock arose, but no such privileges
or advantage (except participation in the dividends and profit of the Company and in the
assets on winding up) shall be conferred by an amount of stock which would not, if existing
in shares, have conferred that privileges or advantages.
48. Subject of the Articles of the company (other than those relating to share warrants) as are
applicable to paid up shares shall apply to stock and the words, shares and shareholder
in those Articles shall included stock and stockholder respectively.
CAPITAL STRUCTURE & ALTERATION OF CAPITAL
49. The Company may, from time to time, by ordinary resolution increase the share capital by
such sum, to be divided into shares of such amount, as may be specified in the resolution.
50. The Company may, by ordinary resolution :
(a) Consolidate and divide all or any of its share capital into shares of larger amount than
its existing shares;
(b) Sub-divide its existing shares or any of them into shares of smaller amount than is fixed
by the memorandum, subject, nevertheless, to the provisions of clause (d) of sub-section
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(1) of Section 94.
(c) Cancel any shares which, at the date of the passing of the resolution, have not been
taken charged to the taken by any person.
51. The Company may, by special resolution, reduce in any manner and with, and subject to
any incident authorised any consent required by law:
(a) Its share capital
(b) Any capital redemption reserve account;
(c) Any share premium account.
51A [1] The provisions of this Article shall apply not withstanding anything to the contrary contained
in any other Article of these Articles.
[2] (i) The Company shall be entitled to dematerialize its securities and to offer securities
in a dematerialised from pursuant to the Depository Act, 1996.
(ii) Option for Investors :-
Every holder of or subscriber to securities of the Company shall have the option to
receive security certificates or to hold the securities with a depository. Such a person
who is the beneficial owner of the Securities can at any time opt out of a Depository,
if permitted, by the law, in respect of any security in the manner provided by the
Depositories Act, 1996 and the Company shall, in the manner and within the time
prescribed, issue to the beneficial owner the required Certificates for the Securities.
If a person opts to hold its Security with a Depository, the Company shall intimate
such depository, the details of allotment of the Security.
(iii) Securities on Depositories to be in fungible form :-
All securities of the Company held by the Depository shall be dematerialised and be
in fungible form.
Nothing contained in Section 153, 153 A, 153 B, 187 B, 187 C and 372 A of the
Act shall apply to a Depository in respect of the securities of the Company held by
it on behalf of the beneficial owners.
(iv) Rights of Depositories & Beneficial Owners :-
[A] Nothwithstanding anything to the contrary contained in the Act a Depository shall
be deemed to be the registered owner for the purpose of effecting transfer of
ownership of security of the Company on behalf of the beneficial owner.
[B] Save as otherwise provided in (a) above, the depository as the registered Owner
of the Securities shall not have any voting rights or any other rights in respect
of the securities held by it.
[C] Every person holding securities of the company and whose name is entered as
the beneficial owner in the records of the depository shall be deemed to be a
member of the company. The beneficial owner of securities shall be entitled to
all the rights and benefits and be subject to all the liabilities in respect of his
securities which are held by a depository.
(v) Service of Document :-
Nothwithstanding anything contained in the Act to the contrary, where securities of
the Company are held in a depository, the records of the beneficial ownership may
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be served by such depository on the Company by means of electronic mode or by
delivery of floppies or discs.
(vi) Transfer of Securities :-
Nothing contained in Section 108 of the Act, shall apply to a transfer of securities
effected by a transferor and transferee both of whom are entered as beneficial owners
in the records of a depository.
(vii) Allotment of securities dealt with in depository :-
Nothwithstanding anything contained in the Act, where securities are dealt with by
a depository, the Company shall intimate the details thereof to the depository
immediately on allotment of such securities.
(viii) Distinctive numbers of Securities held in a depository :-
Nothing contained in the Act regarding the necessity of having distinctive numbers
for securities issued by the Company shall apply to securities held with a depository.
(ix) Register and Index of members :-
The Company shall cause to be kept at its Registered Office or at such other place
as may be decided, Register and Index of Members in accordance with Section 150
and 151 and other applicable provisions of the Act and the Depositories Act, 1996
with the details of shares held in physical and dematerialised forms in any media
as may be permitted by law including in any form of electronic media.
The Register and Index of beneficial owners maintained by a depository under Section
11 of the Depositories Act, 1996, shall be deemed to be the Register and Index
of Members for the purpose of this Act. The Company shall have the power to keep
in any state or country outside India, a Register of Members for the resident in that
state or country.
GENERAL MEETING
52. All General Meetings other than Annual General Meetings shall be called Extraordinary General
Meetings.
53. (1) The Board may, whenever it thinks fit, call an Extraordinary General Meeting.
(2) If at any time there are not within India, Directors capable of acting who are sufficient
in number to form a quorum, any Director or any two members of the Company may
call an Extraordinary General Meeting in the same manner, as nearly as possible, as that
in which such a meeting may be called by the Board.
PROCEEDINGS AT GENERAL MEETING
54. (1) No business shall be transacted at any General Meeting unless a quorum of members
is present at the time when the meeting proceeds to business.
(2) Save as herein otherwise provided, five members present in person, shall be quorum.
55. The Chairman, if any, of the Board shall preside as Chairman at every General Meeting of
the Company.
56. If there is no such Chairman, or if he is not present within fifteen minutes after the time
appointed for holding the meeting, or is unwilling to act as Chairman of the meeting, the
Directors present shall elect one of their member to be Chairman of the meeting.
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57. If at any meeting no Director is willing to act as Chairman or if no Directors is present within
fifteen minutes after the time appointed for holding the meeting, the members present shall
choose one of their member to be Chairman of the meeting.
58. (1) The Chairman may, with the consent of any meeting at which a quorum is present, and
shall, if so directed by the meeting, adjourn the meeting from time to time and from place
to place.
(2) Save as required by the Act, it shall not be necessary to give any notice of an adjournment
or of the business to be transacted at an adjourned meeting.
59. In the case of an equality of votes, whether on a show of hands or on a poll, the Chairman
of the meeting at which the show of hands takes place, or at which the poll is demanded,
shall be entitled to as second or casting vote.
60. Any business other than that upon which a poll has been demanded may be proceeded with,
pending the taking of the poll.
61. To every meeting of any class of members, or of debenture holders or any class of debentures
holders, the provisions of these Articles relating to General Meeting shall mutatis mutandis
apply, except where otherwise specifically provided in these Articles or contracted otherwise.
VOTES OF MEMBERS
62. Subject to any rights of restrictions for the time being attached to any class or classes of
shares :
(a) On a show of hands, every member present in person shall have one vote; and
(b) On a poll, the voting rights of members shall be as laid down in Section 87 of the Act.
63. In the case of joint holders, the vote of the senior who tenders a vote, whether in person
or by proxy, shall be accepted to the exclusion of the votes of the other joint holders.
For this purpose, seniority shall be determined by the order in which the names stand in
the Register of Members.
64. A member of unsound mind, or in respect of whom an order has been made by any court
having jurisdiction in lunacy, may vote, whether on a show of hands or on a poll, by his
committee or other legal guardian, and any such committee or guardian may, on a poll, vote
by proxy.
65. No member shall be entitled to vote at any General Meeting in respect of any shares registered
in his name in which any calls or other sums presently payable by him have not been paid
or in regard to which the Company has exercised any right of lien.
66. (1) No objection shall be raised to the qualification of any votes except at the meeting or
adjourned meeting at which the vote objected to as given or tendered, and ever vote not
disallowed at such meeting shall be valid for all purposes.
(2) Any such objection made in due time shall be referred to the Chairman of the meeting,
whose decision shall be final and conclusive.
67. The instrument appointing a proxy and the power of attorney or other authority, if any, under
which it is signed or a notarially certified copy of that power or authority, shall be deposited
at the registered office of the Company not less than 48 hours before the time for holding
the meeting or adjourned meeting at which the person named in the instrument propose to
vote, or in the case of a poll, not less than 24 hours before the time appointed for the taking
of the poll, and in default the instrument of proxy shall not be treated as valid.
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68. An instrument appointing a proxy shall be in either of the forms, as in Schedule IX to the
Act or a form as near thereto as circumstances admit. Proxy forms shall be sent by the
Company to the shareholders and debentures holders, as the case may be, in all cases.
69. A vote given in accordance with the terms of an instrument of proxy shall be valid, not
withstanding the previous death or insanity of the authority under which the proxy was executed,
or the transfer of the shares in respect of which the proxy is given.
70. Provided that no intimation in writing of such death, insanity, revocation or transfer shall have
been received by the Company at its office before the commencement of the meeting or
adjourned meeting at which the proxy is used.
BOARD OF DIRECTORS
71. (1) Until otherwise determined by a General Meeting of the Company and subject to the
provisions of the Act, the Number of Directors shall not be less than three nor more than
twelve.
(2) The First Directors of the Company shall be :
1. Gautam S. Adani
2. Rajesh S. Adani
3. Vasant S. Adani
72. (1) Any Director willing, may be called upon to perform extra service or to make any special
exertion in going or residing elsewhere, or otherwise for any of the purposes of the
Company. The Company may, subject to the provisions of the Act, remunerate such
Director, either by way of a fixed sum or by way of percentage of profits, or otherwise
as may be determined by the Board and such remuneration may be either in addition
to or in substitution of other fees and allowances mentioned in these Articles.
(2) In addition to the remuneration payable to them in pursuance of the Act, the Director
be paid all travelling hotel and other expenses property incurred by them :
(a) In attending and returning from meetings of the Board of Directors or any Committee
thereof or General Meetings of the Company; or
(b) In connection with the business of the company.
(3) Subject to the provisions of Act, every director shall be entitled to be paid such amount
for every meeting of the board of directors or committee of directors attended by him,
as may be determined by the board, such remuneration shall be independent of any other
remuneration which a director whether as chairman or as a member or any executive
or other committee or local board or otherwise may receive.
73. A director of the company shall not be required to hold qualification shares.
74. The company may exercise the powers conferred by section 50 with regard to having an
official seal for use abroad, and such powers shall be vested in the board.
75. The Company may exercise the powers conferred on it by Section 157 and 158 with regard
to the keeping of a foreign register and Board may (subject to the provisions of those Sections)
make and vary such regulations as it may think fit respecting the keeping of any such register.
76. All cheques, promissory notes, drafts, hundies, bills of exchange and other negotiable
instruments and all receipts for moneys paid to the Company shall be signed, drawn, accepted,
endorsed, or otherwise executed, as the case may be such manner as the Board shall from
time to time by resolution determine.
77. (1) The Board shall have power at any time, and from time to time, so appoint a person
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as an additional Director, provided the number of the Directors and Additional Directors together
shall not at any time exceed the maximum strength fixed for the Board by these Articles.
(2) Such person shall hold office only up to the date of the next Annual General Meeting
of the Company but shall be eligible for appointment by the Company as a Director at
the Meeting subject to the provisions of the Act.
78. (a) Subject to the provisions of the Act, particularly of Section 313, the Board may appoint
an Alternate Director to act for a Director during his absence for a period of not less
than three months from the State in which the meetings of the Board are ordinarily held.
(b) One person may be appointed as an Alternate Director for two or more Directors.
NOMINEE DIRECTOR
79. 79. Notwithstanding anything to the contrary contained in these Articles, so long as any
moneys shall be owing by the Company to the any financial institutions, corporations, banks
or such other financing entities, or so long as any of the aforesaid banks, financial institutions
or such other financing entities hold any shares/debentures in the Company as a result of
subscription or underwriting or so long as any guarantee given by any of the aforesaid financial
institutions or such other financing entities in respect of any financial obligation or commitment
of the Company remains outstanding then in that event any of the said financial institutions
or such other financing entities shall, subject to an agreement in that behalf between it and
the Company, have a right to appoint one or more persons as Director(s) on the Board of
Director shall be Nominee Director. The Nominee Director shall not be required to hold
qualification shares and shall not be liable to retire by rotation. The aforesaid financial
institutions or such other financing entities may at any time and from time to time remove
the Nominee Director appointed by it and may in the event of such removal and also in
case of the Nominee Director ceasing to hold office for any reason whatsoever including
resignation or death, appoint other or others to fill up the vacancy. Such appointment or removal
shall be made in writing by the relevant corporation and shall be delivered to the Company
shall have no power to remove the Nominee Director from office. Each such Nominee Director
shall be entitled to attend all General Meetings, Board Meetings and meetings of the Committee
of which he is a member and he and the financial institutions or such other financing entities
appointing him shall also be entitled to receive notice of all such meetings. The Nominee
Directors shall be paid such fees, allowances, expenses and other moneys to which other
Directors are entitled.
DEBENTURE DIRECTORS
80. If it is provided by any Trust Deed in connection with any issue of debentures of the Company
that any person or persons shall have power to nominate a Director of the Company, then
in the case of any and every such issue of debentures, the person or persons having such
power may exercise such power from time to time and appoint a Director accordingly. Any
Director so appointed is herein referred to as Debenture Director. A Debenture Director may
be removed from office at any time by a person or persons by whom he was appointed
and another Director may be appointed in his place. A Debenture Director shall not be liable
to retire by rotation and shall not be bound to hold any qualification shares.
MANAGEMENT UNDER GENERAL CONTROL OF DIRECTORS
81. The general control, management and supervision of the Company shall vest in the Board
and the Board may exercise all such powers and do all such acts and things as the Company
is by its Memorandum of Association or otherwise authorised except as are required to be
exercised or done by the Company in General Meeting, but subject nevertheless to the
provisions of the Act, and of these presents and to any regulations not being inconsistent
with these presents from time to time made by the Company in General Meeting, provided
that no such regulation shall invalidate any prior acts of the Directors which would have been
valid if such regulation had not been made.
82. The Director may borrow, raise and secure the payment of such sum or sums in such manner
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and upon such terms and conditions in all respects as they may think fit and in particular
by the issue of bonds, perpetual or redeemable, debenture or debenture-stock or any mortgage
or charge or other security on the undertaking of the whole of any part of the property of
the Company (both present and future) including its uncalled capital for the time being.
83. Subject to the provisions of the Act, the Company may enter into any contract, arrangement
or agreement in which a Director or Directors of the Company are, in any manner, interested.
84. A Director, Managing Director, officer or employee of the Company may be or become a
Director, of any company promoted by the Company or in which it may be interested as
a vendor, member or otherwise, and no such Director shall be accountable for any benefits
received as Director or member of such company except to the extent and under the
circumstances as may be provided in the Act.
85. If the Directors or any of them or any other person, shall become personally liable for the
payment of sum primarily due from the Company the Board may subject to the provisions
of the Act execute or cause to be executed any mortgage, charge or security over or affecting
the whole or any part of the assets of the Company by way of indemnity to secure the Directors
or persons so becoming liable as aforesaid from any loss in respect of such liability.
86. A Director may resign from him office upon giving notice in writing to the Company.
PROCEEDINGS OF THE BOARD
87. (1) The Board of Directors may meet for the despatch of business, adjourn and otherwise
regulate its meetings, as it thinks fit.
(2) A Director may and the Manager or Secretary on the requisition of a Director shall, at
any time summon a meeting of the Board.
88. The quorum for a meeting of the Board shall be as provided in Section 287 of the Act. If
a quorum shall not be present within fifteen minutes from the time appointed for holding a
meeting of the Board, the meeting shall be adjourned to the same day in the next week,
at the same time and place or to such other date, time and place as may be decided by
the Directors present.
89. If at any adjourned meeting of the Board, the quorum is not present then the Directors present
shall be the quorum.
90. (1) Save as otherwise expressly provided in the Act, questions arising at any meeting of the
Board shall be decided by a majority of votes.
(2) In case of an equality of votes, the Chairman of the Board, if any, shall have a second
or casting vote.
91. The continuing Directors may act notwithstanding any vacancy in the Board, but, if and so
long as their number is reduced below the quorum fixed by the Act for a meeting for the
purpose of increasing the number of Directors to that number fixed for the quorum, or of
summoning a general Meeting of the Company, but for no other purpose.
92. (1) The Board may elect a Chairman of its meetings and determine the period for which he
is to hold office.
(2) If no such Chairman is elected, or if at any meeting the Chairman is not present within
five minutes after the time appointed for holding the meeting, the Directors present may
choose one of their number to be Chairman of the meeting.
93. (1) The Board may, subject to the provisions of the Act, delegate any of its powers to
committees consisting of such member or members of its body as it thinks fit.
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(2) Any committee so formed shall, in the exercise of the powers so delegated, conform to
any regulations that may be imposed on it by the Board.
94. (1) A committee may elect a Chairman of its meetings.
(2) If no such Chairman is elected, or if at any meeting the Chairman is not present within
five minutes after the time appointed for holding the meeting, the members present may
choose one of their number to be Chairman of the Meeting.
95. (1) A Committee may meet and adjourn as it thinks proper.
(2) Questions arising at any meeting of a Committee shall be determined by a majority of
votes of the members present and in case of an equality of votes, the Chairman shall
have a second or casting vote.
96. All acts done by any meeting of the Board or of a Committee thereof or by any person acting
as a Director, shall, notwithstanding that it may be afterwards discovered that there was some
defect in the appointment of any one or more of such Directors or of any person acting as
aforesaid, or that they or any of them were disqualified, be as valid as if every such Director
or such person had been duly appointed and was qualified to be a Director.
97. Save as otherwise expressly provided in the Act, a resolution in writing, signed by all the
members of the Board or of a Committee thereof, for the time being entitled to receive notice
of a meeting of the Board or Committee, shall be as valid and effectual as if it had been
passed at a meeting of the Board or Committee, duly convened and held.
MANAGING DIRECTORS
98. (1) Subject to the provisions of the Act and of these Articles the Board shall have power
to appoint from time to time any of its members as Managing Director or Managing Directors
and/or Wholetime Directors and/or Special Director like Technical Director, Financial
Director, etc. of the Company for a fixed term not exceeding five years at a time and
upon such terms and conditions as the Board thinks fit, and the Board may be resolution
vest in such Managing Director or Managing Directors/Wholetime Director(s), Technical
Director(s), Financial Director(s) and Special Director(s) such of the power hereby vested
in the Board generally as it thinks fit, and such powers may be made exercisable for
such period or periods, and upon such condition and subject to such restriction as it may
determine, the remuneration of such Directors may be way of monthly remuneration and/
or fee for each meeting and/or participation in profits, or by any or all of those modes,
or of any other mode not expressly prohibited by the Act.
(2) The Directors may whenever they appoint more than one Managing Director, designate
one or more of them as J oint Managing Director or J oint Managing Directors or Deputy
Managing Directors as the case may be.
(3) Subject to the provisions of Sections 198, 269, 309, 310 and 311 of the Act, the appointment
and payment of remuneration to the above Director shall be subject to approval of the
members in general meeting and of the Central Government.
MANAGER OR SECRETARY
99. Subject to the provisions of the Act :
(1) A Manager or a Secretary may be appointed by the Board for such term, at such
remuneration and upon such conditions as it may think fit; and any Manager or Secretary
so appointed may be removed by the Board.
(2) A Director may be appointed as a Manager or Secretary.
100. A provision of the Act, or these Articles requiring or authorising a thing to be done by or
to a Director and Manager or Secretary shall not be satisfied by its being done by or to
the same person acting both as Director and as or in place of the Manager or Secretary.
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SEAL OF THE COMPANY
101. (1) The Board shall provide a common seal for the company and shall have power from time
to time to cancel the same and substitute a new seal in lieu thereof.
(2) The Board shall provide for the safe custody of the seal.
102. The seal shall not be affixed to any instrument except by the authority of the Board of Directors
or a Committee of the Board previously given and in presence of any one Director or any
one official not below rank of Vice President, who shall sign in token thereof and to be
countersigned by the Company Secretary or any other person duly authorized by the Board
or Committee thereof, on every instrument to which the seal is affixed.
Provided further that the certificate of shares or debentures shall be sealed in the manner
and in conformity with the provisions of the Companies (Issue of Share Certificates) Rules,
1960 and their statutory modifications for the time being in force.
103. The company is authorised, in accordance with the provisions of Section 50 of the Act, to
have its seal for use in any territory, district or place outside India, as may be authorised
by the Board.
DIVIDENDS
104. The profits of the Company subject to any special rights relating thereto created or authorised
to be created by these presents shall be divisible among the members in proportion to the
amount of Capital paid up or credited as paid up on the shares held by them respectively.
105. No dividend shall be paid by the Company in respect of any share except to the registered
holder of such share or to his order or to his banker.
106. Where a dividend has been declared by the Company it shall be paid within the period provided
in Section 207 of the Act.
107. Where the Capital is paid up in advance of calls upon the footing that the same shall carry
interest, such Capital shall not, whilst carrying interest confer a right to dividend or to participate
in profits.
108. (a) The Company shall pay dividends in proportion to the amounts paid up or credited as
paid up on each share, when a larger amount is paid up or credited as paid up on some
shares than on others. Nothing in this Article shall be deemed to affect in any manner
the operation of Section 208 of the Act.
(b) Provided always that any Capital paid up on a share during the period in respect of which
a dividend is declared, shall unless the terms of issue otherwise provide, only entitle the
holder of such share to an apportioned amount of such dividend proportionate to the capital
from time to time paid during such period on such share.
109. The Company in annual general meeting may declare a dividend to be paid to the members
according to their respective rights and interests in the profits and may fix the time for payment.
110. No larger dividend shall be declared than is recommended by the Directors but the Company
in general meeting may declare a smaller dividend.
111. No dividend shall be declared or paid by the Company otherwise than out of profits of the
financial year arrived at after providing for depreciation in accordance with the provisions of
sub-section (2) of Section 205 of the Act or out of the profits of the Company for any previous
financial year or years arrived at after providing for depreciation in accordance with these
provisions and remaining undistributed or out of both or out of moneys provided by the Central
Government or a State Government for the payment of dividend in pursuance of the guarantee
given by that Government provided that :
*
* Altered vide resolution passed at the Annual General Meeting held on 21st August, 2010
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(a) If the Company has not provided for depreciation for any previous financial year or years,
it shall before declaring or paying a dividend for any financial year, provide for such
depreciation out of the profits of that financial year or out of the profits of any other previous
financial year or years;
(b) If the Company has incurred any loss in any previous financial year or years the amount
of the loss or an amount which is equal to the amount provided for depreciation for that
year or those years whichever is less, shall be set off against the profits of the Company
for the year for which the dividend is proposed to be declared or paid or against the
profits of the Company for any previous financial year or years arrived at in both cases
after providing for depreciation in accordance with the provisions of sub-section (2) of
Section 205 of the Act or against both.
Provided further that, no dividend shall be declared or paid for any financial year out of
the profits of the Company for that year arrived at after providing for depreciation as above,
except after the transfer to the reserves of the Company of such percentage of its profits
for that year as may be prescribed in accordance with Section 205 of the Act or such
higher percentage of its profits as may be allowed in accordance with that Section.
Nothing contained in this Article shall be deemed to affect in any manner the operation
of Section 208 of the Act.
112. The declaration of the Directors as to the amount of the net profits of the Company shall
be conclusive.
113. The Directors may, from time to time, pay to the members such interim dividends as in their
judgement the position of the Company justifies.
114. The Directors may retain the Dividends payable upon shares in respect of which any person
is under the Transmission clause of these Articles entitled to become a member or which
any person under the clause is entitled to transfer until such person shall become a member
in respect of such shares or shall duly transfer the same.
115. Subject to the provisions of the Act, no member shall be entitled to receive payment of
any interest or dividend in respect of his share(s) whilst any money may be due or owing
from him to the Company in respect of such share(s) or debenture(s) or otherwise however
either alone or jointly with any other person or persons and the Directors may deduct
from the interest or dividend payable to any member, all sums of moneys so due from
him to the Company.
116. A transfer of shares shall not pass the right to any dividend declared thereon before the
registration of the transfer.
117. Unless otherwise directed any dividend may be paid by cheque or warrant or a pay-slip or
receipt having the force of a cheque or warrant sent through ordinary post to the registered
address of the member or person entitled or in the case of joint holders to that one of them
first named in the Register of Members in respect of the joint holding. Every such cheque
or warrant so sent shall be made payable to the registered holder of shares or to his order
or to his bankers. The Company shall not be liable or responsible for any cheque or warrant
lost in transmission or for any dividend lost, to the member or person entitled thereto by
the forged endorsement of any cheque or warrant or the fraudulent or improper recovery thereof
by any other means.
118. (a) The Company shall pay the dividend or send the warrant in respect thereof to
shareholders entitled to the payment of dividend within 30 days from the date of
declaration unless :
When the dividend could not be paid by reason of the operation of any law.
(i) Where a shareholder has given directions regarding the payment of the dividend and
those directions cannot be complied with.
(ii) Where there is a dispute regarding the right to receive the dividend.
(iii) Where the dividend has been lawfully adjusted by the Company against any sum due
to it from shareholder.
(iv) Where for any other reason the failure to pay the dividend or to post the warrant
within the aforesaid period was not due to any default on the part of the company.
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(b) Where the dividend has been declared but which has not been paid or claimed or the
dividend warrant in respect thereof has not been posted within 30 days from the date of
declaration, to any shareholder entitled to the payment of the dividend, the Company shall
within 7 days from the date of expiry of the said period of 30 days, open a special account
in that behalf in any scheduled bank to be called Unpaid Dividend Account and transfer
to the said account, the total amount of dividend which remains unpaid or unclaimed.
Any money transferred to such unpaid dividend account of the Company which remains
unpaid or unclaimed for a period of 7 (Seven) years from the date of such transfer, shall
be transferred by the Company to the Fund established by the Central Government known
as Investor Education and Protection Fund under sub-section (1) of Section 205C of the
Companies Act, 1956.
(c) No unpaid or unclaimed dividend shall be forfeited by the Board.
119. Any general meeting declaring a dividend may on the recommendation of the Directors make
a call on the members for such amount as the meeting fixes, but so that the call on each
member shall not exceed the dividend payable to him so that the call be made payable at
the same time as the dividend and the dividend may, if so arranged between the Company
and the members, be set off against the calls.
120. No dividend shall be payable except in cash. Provided that nothing in this Article shall be
deemed to prohibit the capitalisation of profit or reserves of the Company for the purpose
of issuing fully paid up bonus shares or paying up any amount for the time being unpaid
on any shares held by the members of the Company.
ACCOUNTS
121. (1) The Board shall from time to time determine whether and to what extent and at what times
and places and under what conditions or regulations, the accounts and books of the company,
or any of them, shall be open to the inspection of members not being Directors.
(2) No member (not being a Director) shall have any right to inspect any accounts or books
or documents of the company except as conferred by law or authorised by the Board
or by the company in General Meeting
CAPITALISATION OF PROFITS
122. (1) The company in General Meeting may, upon the recommendation of the Board, resolve
:
(a) That it is desirable to capitalise any part of the amount for the time being standing
to the credit of any of the companys reserve accounts, or to the credit of the profit
and loss account, or otherwise available for distribution; and
(b) That such sum be accordingly set free for distribution in the manner specified in clause
(2) amongst the members who would have been entitled thereto, if distributed by way
of dividend and in the same proportions.
(2) The sum aforesaid shall not be paid in cash but shall be applied, subject to the provision
contained in clause (3), either in or towards :
(i) Paying up any amounts for the time being unpaid on any shares held by such members
respectively;
(ii) Paying up in full, unissued shares of the company to be allotted and distributed and
credited as fully paid up, to and amongst such members in the proportions aforesaid;
and
(iii) Partly in the way specified in sub-clause (i) and partly in the way specified in sub
clause (ii)
(3) A share premium account and (a capital redemption reserve account) may, for the purposes
of this Article, only be applied in the paying up of unissued shares to be issued to members
of the company as fully paid bonus shares.
(4) The Board shall give effect to the resolution passed by the company in pursuance of
this Article.
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123. (1) Whenever such a resolution as aforesaid shall have been passed, the Board shall :
(a) Make all appropriations and applications of the undivided profits resolved to the
capitalised thereby, and all allotments and issues of full paid shares, if any; and
(b) Generally do all acts and things required to give effect thereto.
(2) The Board shall have full power :
(a) To make such provisions, by the issue of fractional certificates or by payment in cash
or otherwise, as it thinks fit, for the case of shares or debentures becoming distributable
in fractions; and also
(b) To authorise any person to enter, on behalf of all the members entitled thereto, into
an agreement with the company providing for the allotment to them respectively.
Credited as fully paid up, of any further shares to which they may be entitled upon
such capitalisation or (as the case may require) for the payment up by the company
on their behalf, by the application thereto of their respective proportions of the profits
resolved to be capitalised, of the amounts or any part of the amounts remaining unpaid
on their existing shares.
(3) Any agreement made under such authority shall be effected and bind on all such members.
INDEMNITY
124. Subject to the provisions of the Act, the Directors, and other officers for the time being of
the company and the trustee (if any) for the time being acting in relation to any of the affairs
of the company and every one of them and everyone of their heirs, executors and
administrators, shall be indemnified and secured harmless out of the assets and profits of
the company from and against all actions, costs, charges, losses, damages, expenses, which
they or any one of them, their executors administrators shall or may incur or sustain by reason
of any act done, concurred in or omitted in the execution of their duty or supposed duty
in their respective officer or trusts except such as they may incur or sustain through or by
their own wilful negligence or default and none of them shall be answerable, for the acts,
receipts, negligence and defaults of the others of them, or for joining in any receipt for the
same of conformity to any bankers or other persons with whom any money or effects belonging
to the company shall or may be lodged or deposited for safe custody, or for the insufficiency
of any security upon which any money of or belonging to the company shall be placed or
invested or for any other loss, misfortune or damage which may happened in the execution
of their respective offices or trusts or in relation thereto except those items as shall happen
by or through their own wilful neglect or default.
POWER TO ENFORCE SECRECY
125. Every Director, Manager, Auditor, Trustee, Member of Committee, Officer, Servant, Agent,
Accountant or other person employed in the business of the company shall if so required
by the Board before entering upon his duties, sign a declaration pledging himself to observe
strict secrecy respecting all transactions of the company with customers and others and shall
by such declaration pledge himself not to reveal any of the matters which may come to his
knowledge in the discharge of his duties except when required so to do by the Board or
by a court of law or by the person to whom such matters related and except so far as may
be necessary in order to comply with any of the provisions contained in these presents.
126. No member shall be entitled to visit or inspect any works of the company without the permission
of the Directors or to require discovery of or any information respecting any detail of the
companys business and which in the opinion of the Directors, it would be inexpedient in
the interest of the company to disclose.
GENERAL POWERS
127. Wherever in the Companies Act, it has been provided that the company shall have any right,
privilege or authority or that the company could carry out any transaction only if the company
is so authorised by its Articles, then and in that case these Articles hereto authorise and
empower the company to have such rights, privileges or authority and to carry such transactions
as have been permitted by the Act.
128. The Directors shall, if they consider it to be necessary and in the interest of the company,
be entitled to take steps to amend the audited accounts of the company of any financial
year and/or or years which have been laid before the company in General Meeting by approval
of such amendments at any subsequent General Meeting of the company.
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We, the several persons, whose names and addresses are subscribed are desirous of being
formed into a Company in pursuance of these Articles of Association, and we
respectively agree to take the number of shares in the capital of the Company set
opposite our respective names :-
Number of
1. Mahasukh S. Adani 100
9, Maitri Society,
Ambawadi,
2. Rajesh S. Adani 100
Navrangpura,
Ahmedabad - 380 00.
3. Vasant S. Adani 100
Navrangpura,
Ahmedabad - 380 00.
4. Gautam S. Adani 100
Shantivan Farm,
B/h Karnavati Club,
Ahmedabad.
Dipti Y. Shah
W/o Yogesh Shah
Ambawadi,
Occupation
Company Secretary
M. No. 6232
Sd/-
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Number of
5. Vinod S. Adani 100
Navrangpura,
Ahmedabad - 380 00.
6. Suvarna M. Adani 100
W/o Mahasukh S. Adani (One Hundred)
9, Maitri Society,
Ambawadi, Ahmedabad - 380 015.
7. Priti G. Adani 100
W/o Gautam S. Adani (One Hundred)
Shantivan Farm,
B/h Karnavati Club,
Ahmedabad.
8. Ranjan V. Adani 100
W/o Vinod S. Adani (One Hundred)
Navrangpura,
Ahmedabad - 380 00.
9. Pushpa V. Adani 100
W/o Vasant S. Adani (One Hundred)
Navrangpura,
Ahmedabad - 380 00.
10. Shilin R. Adani 100
W/o Rajesh S. Adani (One Hundred)
Navrangpura, Ahmedabad - 380 00.
1,000
Total (One Thousand)
Place : AHMEDABAD Dated this 13th day of AUGUST, 1996.
Dipti Y. Shah
W/o Yogesh Shah
Ambawadi,
Occupation
Company Secretary
M. No. 6232
Sd/-
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Annexure 8
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Annexure 9
Licensees and other non-ISTS Licensees as per the Revenue Sharing Agreement
(RSA);
B, This Transmission Service Agreement shall be the Model Transmission Service
Agreement and shall mandatorily apply to all the DICs and ISTS Licensees.
Signing of this Transmission Service Agreement shall not be a pre-condition for
construction of new network elements by the CTU and ISTS Licensees, where
such network construction is undertaken after due approval of the Commission;
C. This Transmission Service Agreement may be amended from time to time by the
parties to the said agreement consistent with the provisions of the Sharing
Regulations or as may be directed by the Commission from time to time;
D. The development of an ISTS Scheme including any scheme which is under
construction would continue to be governed in accordance with the
Indemnification Agreement or Bulk Power Transmission Agreement or
Transmission Service Agreement or any such agreement, as entered into between
the concerned ISTS Licensee and the concerned DIC (s)/erstwhile beneficiary to
the extent relevant to the development, construction and commissioning of the
elements referred therein till such time the said element is for commercial
operation and actually brought into the operations, post which the terms and
conditions of this TSA would come into force;
E. The persons listed in Schedule - I are parties to this Transmission Service
Agreement. Any new DIC or ISTS Licensee, for the purpose of availing or
providing inter-State transmission services, as the case may be, shall enter into a
Supplementary Agreement (as per Annexure A) pursuant to this Transmission
Service Agreement, thereby binding itself to this Agreement;
F. All the invoices pertaining to provision of ISTS services for the period up to the
Effective Date (including any arrears thereof) would be raised and realized
directly by the ISTS Licensee from its beneficiaries, as per their earlier
arrangements. Any fund arising out of various indemnification or Liquidated
damages provisions contained in existing agreement such as TSA for
Competitive bidding projects, BPT A with L T A customers, Indemnification
agreement between generator and CTU etc prior to Commercial Date of
Operation(COD) shall not be covered in this agreement and would continue to be
settled among parties in terms of those agreements.
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315
Articles
1.0 Definitions and Interpretations
1.1 Definitions
Unless the context otherwise requires the words/ expreSSIons when used In this
Agreement shall have the respective meanings as specified below:
"Act" means the Electricity Act, 2003 (36 of 2003) and any subsequent amendment
made thereto;
Application Period", "Approved Injection", "Approved Additional Medium Term
Injection", "Approved Short Term Injection", "Approved Withdrawal", "Approved
Additional Medium Term Withdrawal", "Approved Short Term Withdrawal",
"Deemed Inter State Transmission System" or "Deemed ISTS", "Designated ISTS
Customers" or "DICs", "Grid Code" "Implementing Agency", "Inter-State
Generating Station", " Loss Allocation Factor", "Point of Connection (PoC)
Charging Method", "Point of Connection Transmission Charges" or "PoC
Charges", and "Yearly Transmission Charge" or "YTC" shall have the meaning, as
defined in the Sharing Regulations; and any amendments made thereof;
" Availability" means the availability of the transmission system calculated in accordance
with CERC (Terms and Conditions of Tariff) Regulations, 2009 as amended from time to
time and any subsequent enactment thereof.
"CEA" means the Central Electricity Authority constituted under Section 70 of the
Electricity Act, 2003;
"CERC" or "Commission" means the Central Electricity Regulatory Commission
constituted under Section-76 of the Electricity Act, 2003;
"Central Transmission Utility" or "CTU" means the utility notified by the Central
Government under Section 3 8 of the Electricity Act, 2003;
"Change in law" shall have the meaning as ascribed in Article 15.0 of this Agreement;
"Competent Court of Law" means the Supreme Court or any High Court, or any
tribunal or any similar judicial or quasi-judicial body in India adjudicate upon issues
of the
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316
"Consultation Period" means the period of sixty (60) days or such longer period as the
concerned DIC and CTU or the concerned ISTS Licensee and CTU, depending upon the
case, may agree, commencing from the date of issue of notice, as provided in Article 16.0
of this Agreement, for consultation to mitigate the consequence of the relevant event
having regard to all the circumstances;
"Date of commercial operation" or "COD" shall have the meanIng as defined in
Regulation 3(12) of the CERC (Terms and Conditions of Tariff) Regulations, 2009 and
amended from time to time and any subsequent enactment thereof;
"Due Date" means, in relation to any bill the thirtieth day from the date which such bill is
raised and published on the website of CTU for payment by the DIC;
"Effective Date" shall have the meaning as ascribed thereto in Article 3 of this
Agreement;
"Element" means each Transmission Line or each circuit of the Transmission Lines
(where there are more than one circuit) or each bay of Sub-station or switching station or
HVDC terminal or inverter station including ICTs, Reactors, SVC, FSC etc. forming part
of the ISTS, which is owned, operated and maintained by the concerned ISTS Licensee;
"Financing Agreements" means the agreements pursuant to which the concerned
ISTS Licensee is to finance its part of the ISTS including the loan agreements,
security documents, notes, indentures, security agreements, letters of credit and other
documents, as may be amended, modified, or replaced from time to time, but without
in anyway increasing the liabilities of the DICs;
"Force Majeure" and "Force Majeure Event" shall have the meaning as assigned
in Article 14.0 of this agreement;
"Indian Governmental Instrumentality" means Government of India, Government
of any State in India or any Ministry, Department, Board, Authority, Agency,
Corporation, Commission under the direct or indirect control of Government of India
or any State Government or both, any political sub-division of any of them including
any court or Appropriate Commission or Tribunal or Judicial or quasi-Judicial body
in India but excluding Transmission Service Provider and DIC;

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317
"Letter of Credit" or "LC" means a confirmed unconditional, irrevocable,
revolving Letter of Credit opened by a DIC in favour of the CTU with any scheduled
bank;
"Lender s" means the banks, financial institutions, multilateral funding agencies, non
banking financial companies registered with the Reserve Bank of India (RBI);
insurance companies which are registered with Insurance Regulatory and
Development Authority (IRDA); pension funds regulated by Pension Fund
Regulatory and Development Authority (PFRDA); mutual funds registered with
Securities and Exchange Board of India (SEBI), etc., including their successors and
assigns, who have agreed on or before COD of the concerned Element to provide the
concerned ISTS Licensee with senior debt financing, and any successor banks or
financial institutions to whom their interests under the Financing Agreements may be
transferred or assigned;
Provided that, such assignment or transfer shall not relieve the concerned ISTS Licensee
of its obligations to the DICs under this Agreement in any manner and shall also does not
lead to an increase in the liability of any of the DICs;
"Lenders Representative" means the person notified by the Lenders in writing as
being the representative of the Lenders and such person may from time to time be
replaced by the Lenders pursuant to the Financing Agreements by written notice to the
concerned ISTS Licensee;
"Monthly Transmission Charge" means the transmission charges (inclusive of
incentives) payable for each calendar month as determined in accordance with the CERC
(Terms and Conditions of Tariff) Regulations, 2009 as amended from time to time and
subsequent amendment thereof or the transmission charges arrived through competitive
bidding as adopted by the Appropriate Commission under Section 63 of the Act;
"Party" means a signatory to this Agreement, which shall be CTU or a DIC or an ISTS
Licensee, and "Parties" means a joint reference to all the signatories to this Agreement,
which shall be CTU, all the DICs and all the ISTS Licensees;
"Prudent Utility Practices" rpean . the practices, methods and standards that are
generally accepted internationally r ~ m t i ~ i t'6 time by electric transmission utilities for
f ensuring the safe, efficient . and eco omic design, construction,
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318
commissioning, operation, repair and maintenance of any part of the transmission system
and which practices, methods and standards shall be adjusted as necessary, to take
account of:
a. operation, repair and maintenance guidelines given by the manufacturers,
b. the requirements of Law, and
c. the physical conditions at the Site
d. the safety of operating personnel and human beings
"Site" in relation to a substation, switching station or HVDe terminal or inverter
station, means the land and other places upon which such station / terminal is
established;
"Transmission Service Agreement" or "this Agreement" or "TSA" means this
agreement together with the Schedules, Annexure, and Documents referred to herein, as
amended or modified from time to time;
"Working Day" means any day except Saturday, Sunday and statutory holiday.
Words and expressions used in this Agreement and not defined herein but defined
in the Act or Regulations made by the Commission, shall have the meanings assigned to
them respectively in the Act, and Regulations made by the Commission from time to time
and General Clause Act failing which it shall bear the ordinary English meaning.
1.2 Interpretations
Save where the contrary is indicated, any reference in this Agreement to:
"Agreement" shall be construed as including a reference to its Schedules, Annexures and
Documents;
"Rupee", "Rupees" and lawful currency of India;
"Crore" means a reference to ten million (10,000,000) and a "Lakh" means a reference
to one tenth of a million (1,00,000);
"encumbrance" means a reference to a mortgage, charge, pledge, lien or other
encumbrance securing any obligation of any person or any other type of preferential
arrangement (including, without limitation, title transfer and retention arrangements)
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319
"indebtedness" means to include any obligation (whether incurred as principal or
surety) for the payment or repayment of money, whether present or future, actual or
contingent;
"person" shall have the same meaning as defined in Section 2 (49) of the Act;
"winding-up", "dissolution" , "insolvency" , or "reorganization" shall have the same
meaning as defined in the Companies Act, 1956 ;
1.2.1 Words importing the singular shall include the plural and vice versa.
1.2.2 This Agreement itself or any other agreement or document shall be construed as a
reference to this or to such other agreement or document as it may have been, or
may from time to time be, amended, varied, novated, replaced or supplemented.
1.2.3 A Law shall be construed as a reference to such Law including its amendments or
re-enactments from time to time.
1.2.4 A time of day shall, save as otherwise provided in any agreement or document be
construed as a reference to Indian Standard Time.
1.2.5 Different parts of this Agreement are to be taken as mutually explanatory and
supplementary to each other and if there is any inconsistency between or among
the parts of this Agreement, they shall be interpreted in a harmonious manner so as
to give effect to each part.
1.2.6 The tables of contents and any headings or sub-headings in this Agreement have
been inserted for ease of reference only and shall not affect the interpretation of
this Agreement.
1.2.7 Any interest payable under this Agreement shall accrue from day to day and be
calculated on the basis of a year of three hundred and sixty five (365) days.
1.2.8 The words "hereof' or "herein", if and when used in this Agreement shall mean a
reference to this Agreement.
2.0
2.1
2.1.1
Parties to the Agreement
Existing Designated ISTS Customers (DICs) & ISTS Licensees
T h ~ T Licensees, as mentioned in Schedule - I, enter into thi;
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2.1.2
2.1.3
Agreement and bind themselves to the terms of this Agreement as on the date of
Sharing Regulations coming into force.
In the event of any conflict between the existing Bulk Power Transmission
Agreements (BPT A) or Transmission Service Agreement (TSA) and this
Agreement, the terms of this Agreement shall supersede, as far as the sharing of
transmission charges are concerned.
~
An ISGS who is not a signatory to a BPT A or TSA t ~ enter into this Agreement
and bind itself to the terms of this Agreement
2.1.4 Non-ISTS Licensees whose assets have been certified as being used for inter-
State transmission by the RPCs.
2.2 New Designated ISTS Customers (DICs) & ISTS Licensees
2.2.1 This Agreement shall be signed by all new DICs intending to connect to and/or
use the ISTS.
2.2.2 This Agreement shall be signed by all new ISTS Licensees intending to provide
ISTS services and to develop and maintain any part of the ISTS network.
2.2.3 Any new DIC or ISTS Licensee shall become a party to this Agreement subject to
and in accordance with the provisions of this Agreement by execution of
Supplementary Agreement, as annexed at Annexure - A, by such DIC or ISTS
Licensee and the CTU.
2.2.4 Each Party hereby irrevocably and unconditionally authorizes CTU to execute on
behalf of such Party any Supplementary Agreement duly executed by the new
DIC or ISTS Licensee, as the case may be, and to thereby admit the new DIC or
ISTS Licensee, as the case may be, as a Party to this Agreement. Agreements as
such executed, shall be deemed to have been signed by all the existing parties of
the TSA. A copy of such Supplementary Agreement shall be sent by the CTU to
all the ISTS Licensees and DICs.
2.2.5 Upon execution of the Supplementary Agreement by both CTU and the new DIC
or ISTS Licensee in accordance with Article 2.2.4 of this Agreement, the new
DIC or ISTS Licensee shall become a Party to this Agreement.
2.3 Owners of Deemed ISTS shall be considered deemed signatories to this
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Agreement and therefore all such rights and obligations, as applicable to ISTS
Licensees shall be applicable to them mutatis mutandis.
3.0 Effectiveness of the Agreement
3.1 For the existing DICs and ISTS Licensees, this Agreement shall be effective from
the date, as notified under Sharing Regulations or as notified by the Commission.
3.2 Any new DICs or new ISTS Licensees shall be Party to this Agreement from the
date of signing of the Supplementary Agreement, as executed between the CTU
and the new DIC or ISTS Licensee, as the case may be.
3.3 For the owners of RPC certified lines, this Agreement shall be effective from the
date of such approval by RPC and inclusion of these assets in the calculation of
Point of Connection (PoC) charges.
3.4 From the Effective Date, each Party undertakes to each other Party to comply
with and to perform its obligations in accordance with and subject to this
Agreement.
3.5 This agreement shall deemed to have come into force w.e.f. the date(s) as
mentioned at Article 3.1, 3.2 and 3.3. above and shall, without prejudice to the
provisions under Article 16, remain operative till the same is
renewed/replaced/modified.
4.0 Description of inter-State Transmission System (ISTS)
4.1 Existing ISTS
4.1.1 The list of ISTS presently owned, operated and maintained by ISTS Licensees in
the country is detailed in Schedule - II.
4.2 Deemed ISTS
4.2.1 The provisions of this Agreement shall be applicable tQ Deemed ISTS, as detailed
in Schedule - II . .
4.2.2 Any additions/ deletions to the existing list as certified by the RPCs and approved
by the Commission shall be intimated to the DICs by the Regional Power
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322
Committee (RPC). Such modifications shall form part of Schedule - II of this
Agreement and shall be governed by the terms and conditions contained herein.
4.3 New ISTS Schemes
4.3.1 New ISTS Schemes shall be as identified in consultation with the stakeholders, by
CEA and CTU.
4.3.2 Any element that may be added to the ISTS detailed in Article 4.1.1 and declared
for commercial operation by the concerned ISTS Licensee will be intimated to the
DICs by the ISTS Licensee or the CTU, as and when these are declared under
commercial operation. Such addition shall form a part of Schedule - II of this
Agreement and shall be governed by the terms and conditions as contained herein.
4.3.3 CTU shall notify all the ISTS Licensees and the DICs, as and when such element,
as mentioned in Article 4.3. 2 comes into operation.
5.0 Operation and Maintenance of the ISTS
5.1 Operation and Maintenance of the ISTS
5.1.1 The ISTS Licensees shall be responsible for ensuring that the ISTS is operated
and maintained in accordance with the regulations made by the Commission and
CEA from time to time and the provisions of the Act.
6.0 Availability of the ISTS Scheme
6.1 Calculation of Availability of the ISTS Schemel Element:
The calculation of Availability for the elements and for the ISTS Scheme, as the
case may be, shall be as per the CERC (Terms and Conditions of Tariff)
Regulations, 2009 as may be amended from time to time and any subsequent
enactment thereof.
6.2 The Target Availability of the ISTS Scheme shall be as per the norms mentioned
in CERC (Terms and Conditions of Tariff) Regulations, 2009 as amended from
time to time and any subsequent enactment thereof.

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7.0 Declaration and Approval of Contracted Capacity at each node or
aggregation of nodes in the ISTS for each Designated ISTS Customer (DIC)
7.1 The declaration and approval of the contracted capacity at each node or
aggregation of the nodes in the ISTS for each DIC shall be as per the Sharing
Regulations.
8.0 Sharing of Transmission Charges
8.1 The methodology for PoC charges calculation shall be as per Sharing Regulations,
and any subsequent amendment made thereto.
8.2 All the DICs agree to pay the PoC charges as calculated by the Implementing
Agency.
8.3 Point of Connection (PoC) Charges for Long Term Access, Medium Term
Open Access and Short Term Open Access
8.2.1 There shall be no differentiation in PoC charges, as determined by the
Implementing Agency for the Application Period, among the long-term access,
medium-term open access and short-term open access to the ISTS.
8.3 Computation of PoC Charges
8.3.1 The computation of PoC charges shall be as per the Sharing Regulations and any
subsequent amendment made thereto.
9.0 Sharing of Other Charges
9.1 Other charges such as license fee, petition filing fee, publication expenses, ULDC
charges for non-POSOCO assets, charges for communication systems,
EMSS/SCADA charges etc. which are approved by the Commission shall be
billed separately by CTU and paid by the respective beneficiaries/DICs as per the
terms and conditions specified in the relevant notification(s)/Order(s) issued by
the Commission from time to time.
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9.2 Any other charges arising out of any adjustments (other than those covered under
bill 3), reconciliation etc. shall be billed by CTU and paid to by the respective
DICs. The bills shall be raised as and when required.
10.0 10.0 Transmission Losses
10.1 The total transmission losses of the ISTS shall be allocated amongst the DICs in
accordance with the Sharing Regulations and any subsequent amendments made
thereto.
10.2 All the DICs agree to share the transmission losses as calculated by the
Implementing Agency.
11.0 Metering and Accounting
11.1 Metering
11.1.1 The installation, operation, maintenance and testing of the Special Energy Meters
(SEMs) shall be in accordance with the CEA (Installation and Operations of
Meters) Regulations and any subsequent amendments made thereto.
11.1.2 The responsibility for downloading and onward transmission of the metered data
of the (SEMs) from the pre-identified locations shall be as per the Grid Code and
any subsequent amendments made thereto.
11.2 Accounting of PoC Charges
11.2.1 Regional Transmission Accounts
11.2.1.1 The Regional Power Committee (RPC) shall issue the Regional
Transmission Accounts on the first (l st) Working Day of the month as per
the Sharing Regulations, for the previous month to all the DICs, CTU and
ISTS Licensees.
11.2.2 Regional Transmission Deviation Accounts
11.2.2.1 The RPC shall issue the Regional Transmission Deviation Accounts by
fifteenth (15
th
) day of the month in accordance with the Sharing
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12.0 Billing, Collection and Disbursement of Transmission Charges
12.1 The DICs and the ISTS Licensees shall abide by the detailed "Billing, Collection
and Disbursement Procedure" of CTU, as approved by the Commission and such
"Billing Collection and Disbursement Procedure" shall be construed, as part of
this Agreement.
12.2 The CTU shall raise bills, collect and disburse in accordance with the detailed
"Billing, Collection and Disbursement Procedure".
12.3 Each DIC unequivocally agrees to allow CTU to enforce recovery of payment
through Letter of Credit on behalf of all the ISTS Licensees in the event of default
in payment by the DIC, in accordance with the detailed "Billing, Collection and
Disbursement Procedure".
12.4 The DICs also agree and empower the CTU to undertake Regulation of Power
Supply, to recover charges under the provisions of CERC (Regulation of Power
Supply) Regulations, 2010 and any amendments thereof.
12.5 If payment by a DIC against any invoice raised under Billing, Collection and
Disbursement procedure is outstanding beyond thirty (30) days after the due date
or in case the required Letter of credit or any other agreed payment security
mechanism is not maintained by the D I C, the CTU is empowered to undertake
Regulation of Power Supply on behalf of all the ISTS Licencees so as to recover
charges under the provisions of CERC (Regulation of Power Supply) Regulations,
2010 and any amendments thereof.
12.6 Payment by DICs
12.6.1 Payment by DICs to the CTU shall be executed through RTGS in accordance with
the "Billing, Collection and Disbursement Procedure".
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13.0 Disbursement by CTU to ISTS Licensees
13.1 As per the Revenue Sharing Agreement entered into between the CTU and ISTS
Licensees, the CTU shall collect PoC charges and thereafter distribute the same to
ISTS Licensees in accordance with the detailed "Billing, Collection and
Disbursement Procedure".
13.2 Delayed payment or partial payment or non-payment of transmission charges in a
month by any DIC shall result in pro-rata reduction in the payouts to all the ISTS
Licensees and owners of Deemed ISTS.
13.3 Payment by CTU
13.3.1 Payment by CTU to all the ISTS Licensees and owners of Deemed ISTS, whose
charges have been considered while arriving at PoC, shall be executed through
RTGS in accordance with the terms of Revenue Sharing Agreement entered into
by and between the CTU and ISTS Licensees.
14.0 Force Majeure
The following terms shall have the meanings given hereunder.
14.1 An' Affected Party' means any of the DICs or the ISTS Licensees whose
performance has been adversely affected by an event of Force Majeure.
14.2 A 'Force Majeure' means any event or circumstance or combination of events
and circumstances including those stated below that wholly or partly
prevents or unavoidably delays an Affected Party in the performance of its
obligations under this Agreement, but only if and to the extent that such events or
circumstances are not within the reasonable control, directly or indirectly, of the
Affected Party and could not have been avoided if the Affected Party had taken
reasonable care or complied with Prudent Utility Practices:
14.2.1 Natural Force Majeure Events
(a) Act of God, including, but not limited to drought, fire and explosion (to
the extent originating from a source external to the Site), earthquake,
volcanic eruption, landslide, flood, cyclone, typhoon, tornado, or
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327
exceptionally adverse weather conditions which are In excess of the
statistical measures for the last hundred (100) years,
14.2.2 Non-Natural Force Majeure Events:
(a) Direct Non-Natural Force Majeure Events
(i) Nationalization or compulsory acquisition by any Indian
Governmental Instrumentality of any material assets or rights of
any Affected party; or
(ii) the unlawful, unreasonable or discriminatory revocation of, or
refusal to renew, any Consents, Clearances and Permits
required by an Affected party to perform its obligations under this
Agreement, provided that a Competent Court of Law declares the
revocation or refusal to be unlawful, unreasonable and
discriminatory and strikes the same down; or
(iii) any other unlawful, unreasonable or discriminatory action on the
part of an Indian Governmental Instrumentality which is directed
against the Affected party, provided that a Competent Court of Law
declares the action to be unlawful, unreasonable and discriminatory
and strikes the same down
(b) Indirect Non - Natural Force Majeure Events
(i) act of war (whether declared or undeclared), invasion, armed
conflict or act of foreign enemy, blockade, embargo, revolution, riot,
insurrection, terrorist or military action; or
(ii) radio active contamination or ionising radiation originating from a
source in India or resulting from any other Indirect Non
Natural Force Majeure Event mentioned above, excluding
circumstances where the source or cause of contamination or
radiation is brought or has been brought into or near the Site by
the Affected Party or those employed or engaged by the
Affected Party; or
(iii) industry wide strikes and labour disturbances, having a
~ impact in India
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14.3 Force Majeure Exclusions
14.3.1 Force Majeure shall not include (i) any event or circumstance which is within the
reasonable control of the Affected Party and (ii) the following conditions,
except to the extent that they are consequences of an event of Force Majeure
14.3.2 Delay in the performance of any Contractors or their agents
14.3.3 Non-performance resulting from normal wear and tear typically experienced
in transmission materials and equipment
14.3.4 Strikes or labour disturbance at the facilities of the Affected Party
14.3.5 Insufficiency of finances or funds or the Agreement becoming onerous to
perform; and
14.3.6 Non-performance caused by, or connected with, the Affected Party' s:
(a) negligent or intentional acts, errors or omissions;
(b) failure to comply with an Indian Law; or
(c) breach of, or default under this Agreement
14.4 Notification of Force Majeure Event
14.4.1 The Affected Party shall give notice to the other Party and the CTU of any event
of Force Majeure as soon as practicable, but not later than seven (7) days
after the date on which such Party knew or should reasonably have known
of the commencement of the event of Force Majeure. If an event of Force
Majeure results In a breakdown of communications rendering it
unreasonable to give notice within the applicable time limit specified herein,
then the Party claiming Force Majeure shall give such notice as soon as
practicable after reinstatement of communications, but not later than one (1)
working day after such reinstatement
Provided that such notice shall be a pre-condition to the Affected Party' s
entitlement to claim relief under this Agreement. Such notice shall include full
particulars of the event of Force Majeure, its effects on the Party claiming relief
and the remedial measures proposed. The Affected Party shall give the other Party
16
329
and the CTU regular reports on the progress of those remedial measures and such
other information as the other Party and the CTU may reasonably request about
the Force Majeure.
14.4.2 The Affected Party shall give notice to the other Party and the CTU of (i) the
cessation of the relevant event of Force Majeure; and (ii) the cessation of the
effects of such event of Force Majeure on the performance of its rights or
obligations under this Agreement, as soon as practicable after becoming aware of
each of these cessations
14.5 Duty to perform and duty to mitigate
14.5.1 To the extent not prevented by a Force Majeure Event, the Affected Party shall
continue to perform its obligations as provided in this Agreement. The
Affected Party shall use its efforts to mitigate the effect of any event of Force
Majeure as soon as practicable.
14.6 Available Relief for a Force Majeure Event
14.6.1 Subject to this Article 14
14.6.1.1 The Affected Party shall not be in breach of its obligations pursuant to this
Agreement except to the extent that the performance of its obligations was
prevented, hindered or delayed due to a Force Maj eure Event;
14.6.1.2 Each DIC or ISTS Licensee shall be entitled to claim relief for a Force Majeure
Event affecting its performance in relation to its obligations under this
Agreement;
14.6.1.3 It is clarified that the computation of Availability under outage due to Force
Majeure Event shall be in accordance with the CERC (Terms and Conditions of
Tariff) Regulations, 2009 as amended from time to time and any subsequent
enactment thereof.
15.0 Change in Law
15.1 Change in Law
15.1.1 Change in Law means the occurrence of any of the following after the Effective
DW to any addition! reduction in the Monthly Transmission Char
g
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330
as determined or adopted by the Commission.
15.1.2 the enactment, coming into effect, adoption, promulgation, amendment,
modification or repeal (without re-enactment or consolidation) in India, of any
Law, including rules and regulations framed pursuant to such Law;
15.1.3 a change in the interpretation or application of any Law by any Indian Governmental
Instrumentality having the legal power to interpret or apply such Law, or any
Competent Court of Law;
15.1.4 the imposition of a requirement for obtaining any Consents, Clearances and
Permits which was not required earlier;
15.1.5 a change in the terms and conditions prescribed for obtaining any Consents,
~ Clearances and Permits or the inclusion of any new terms or conditions for
obtaining such Consents, Clearances and Permits;
15.1.6 any change in tax or introduction of any tax made applicable for providing
transmission service by the ISTS Licensee, as per the terms of this Agreement;
and
15.2 Notwithstanding anything contained in this Agreement, Change in Law shall not
cover any change on account of regulatory measures by the Appropriate
Commissions.
15.3 Relief for Change in Law
15.3.1 Any adjustment in the Monthly Transmission Charges on account of Change in
Law shall be determined and effective from such date, as decided by the
Commission whose decision shall be final and binding on the Parties, subject
to rights of appeal provided under applicable Law. Further, in case of ISTS
systems awarded through competitive bidding process under section 63 of the
Electricity Act, the reference date for determining the implications of Change
in law shall be seven (7) days prior to the relevant bid due date for submission
of tariff bid.
16.0 Events of Default and Termination
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331
16.1 Event of Default of the ISTS Licensee
16.1.1 The occurrence and continuation of any of the following events shall constitute an
ISTS Licensee Event of Default, unless any such ISTS Licensee Event of Default
occurs as a result of the DIC Event of Default or a Force Majeure Event:
16.1.2 If the ISTS Licensee:
16.1.2.1
16.1.2.2
16.1.3 If:
assigns, mortgages or charges or purports to assign, mortgage or charge
any of its assets or rights related to its assets in contravention of the
provisions of this Agreement.
transfers or novates any of its obligations pursuant to this Agreement, in a
manner contrary to the provisions of this Agreement except where such
transfer is in pursuance of a Law and
(a) it does not affect the ability of the transferee to perform, and
such transferee has the financial and technical capability to
perform, its obligations under this Agreement;
(b) is to a transferee who assumes such obligations under this
Agreement remains effective with respect to the transferee.
16.1.3.1 the ISTS Licensee becomes voluntarily or involuntarily the subject of
any bankruptcy or insolvency or winding up proceedings and such
proceedings remain uncontested for a period of thirty (30) days; or
16.1.3.2
16.1.3.3
any winding up or bankruptcy or insolvency order is passed against
the ISTS Licensee; or
the ISTS Licensee goes into liquidation or dissolution or a receiver or any
similar officer is appointed over all or substantially all of its assets or
official liquidator is appointed to manage its affairs, pursuant to Law,
Provided that a dissolution or liquidation of the ISTS Licensee will not
be an ISTS Licensee Event of Default where such dissolution or
liquidation of the ISTS Licensee is for the purpose of a merger,
ation or reorganization with the approval of the CERC as per
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332
the provisions of CERC (Procedure, terms and Conditions for grant of
Transmission License and other related matters) Regulations, 2006, and
any amendment made thereof; or
16.1.4 Revocation of the transmission license of the ISTS Licensee; or
16.1.5 The ISTS Licensee fails to achieve monthly target availability, as specified in
CERC (Standards of performance of ISTS Licensees) Draft Regulations, 2010
(effective from the date of Notification of Final Regulations), for a period of six
(6) consecutive months or for a non-consecutive period of six (6) months within
any continuous aggregate period of eighteen (18) months except where the
Availability is affected by Force Majeure Events as per Article 14; or
16.1.6 Any of the representations and warranties made by the ISTS Licensee in Article
19.2.1 of this Agreement being found to be untrue or inaccurate; or
16.1.7 The ISTS Licensee fails to comply with the prevailing regulations including the
Indian Electricity Grid Code or is in material breach of this Agreement and such
material breach is not rectified by the ISTS Licensee within thirty (30) days of
receipt of notice in this regard from the concerned DIC or the CTU.
16.2 Event of Default of a DIe
16.2.1 The occurrence and continuation of any of the following events shall constitute a
DIC Event of Default, unless any such DIC Event of Default occurs as a result of
the ISTS Licensee Event of Default or a Force Majeure Event:
16.2.1.1
16.2.1.2
A DIC fails to comply with the prevailing regulations including the Indian
Electricity Grid Code or is in material breach of this Agreement and such
material breach is not rectified by the said DIC within thirty (30) days of
receipt of notice in this regard from the concerned ISTS Licensee or the
CTU;
Any of the representations and warranties made by the DIC in Article
19.1.1 of this Agreement being found to be untrue or inaccurate; or
16.2.1.3 If
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333
(a) a DIC becomes voluntarily or involuntarily the subject of any
bankruptcy or insolvency or winding up proceedings and such
proceedings remain uncontested for a period of thirty (30) days; or
(b) any winding up or bankruptcy or insolvency order is passed
against a DIC;or
(c) a D I C goes into liquidation or dissolution or a receiver or any
similar officer is appointed over all or substantially all of its
assets or official liquidator is appointed to manage its affairs,
pursuant to Law,
Provided that it shall not constitute a DIC Event of Default
where such dissolution or liquidation of such DIC is for
the purpose of a merger consolidation or reorganization and
where the resulting entity has the financial standing to
perform its obligations under this Agreement, similar to such
DIC and expressly assumes all obligations of such DIC under
this Agreement and is in a position to perform them.
16.3 Cessation of ISTS Licensee being Party to this Agreement
16.3.1 Upon the occurrence and continuance of the ISTS Licensee Event of Default
under Article 16.1, the CTU shall serve notice on the concerned ISTS Licensee,
with a copy to the Commission, which shall specify in reasonable detail, the
circumstances giving rise to such notice.
16.3.2 Following the issue of such notice, as mentioned in Article 16.3.1, the
Consultation Period shall apply and CTU and the concerned ISTS Licensee
discuss as to what steps shall be taken with a view to mitigate the consequences of
the relevant Event of Default having regard to all the circumstances.
16.3.3 During the Consultation Period, the ISTS Licensee shall, save as otherwise
provided in this Agreement, continue to perform its obligations under this
Agreement, and it shall not remove any material or equipment, without prior
consent of the CTU.
16.3.4 Following the expiry of the Consultation Period, unless the CTU and the
concerned ISTS Licensee shall have otherwise agreed to the contrary or the
circumstances giving rise to such notice as mentioned in Article 16.3.1 shall
have ceased to exist or shall have been remedied, the concerned ISTS
Licensee shall cease to be a Party ~ this Agreement and the CTU shall issue
notice ("Termination Notice") of thirty (30) days to this effect with
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334
a copy to the Commission and Implementing Agency. Unless the Lenders of
the concerned ISTS Licensee have exercised their rights of substitution as per the
provisions of Article 17.3 of this Agreement and the Commission has agreed to
such substitution rights of the Lenders or otherwise directed by the Commission,
the concerned ISTS Licensee shall cease to be a Party to this Agreement on the
date of expiry of the Termination Notice. Thereupon, the CTU shall approach
the CERC seeking revocation of the transmission license as per the provisions
of the Electricity Act, 2003.
16.4 Cessation of DIC being Party to this Agreement
16.4.1 Upon the occurrence and continuance of a DIC Event of Default under Article
16.2, the CTU may serve notice on the concerned DIC, with a copy to the
CERC, which shall specify in reasonable detail, the circumstances giving rise to
such Notice.
16.4.2 Following the Issue of such notice, as mentioned in Article 16.4.1, the
Consultation Period shall apply and CTU and the concerned DIC discuss as to
what steps shall be taken with a view to mitigate the consequences of the relevant
Event of Default having regard to all the circumstances.
16.4.3 During the Consultation Period, the DIC shall, save as otherwise provided
in this Agreement, continue to perform its obligations under this Agreement.
16.4.4 Following the expiry of the Consultation Period, unless the CTU and the
concerned DIC shall have otherwise agreed to the contrary or the
circumstances giving rise to such notice as mentioned in Article 16.4.1 shall
have ceased to exist or shall have been remedied, the concerned DIC
shall cease to be a Party to this Agreement and the CTU shall issue a written
notice ("Termination Notice") of thirty (30) days to this effect with a copy
to the Commission and Implementing Agency. The concerned DIC shall cease
to be a Party to this Agreement on the date of expiry of the Termination Notice
17.0 Assignments and Charges
17.1 Assignments
17.1.1 This Agreement shall be binding upon, and inure to the benefit of the Parties and
their respective successors and permitted assigns. This Agreement shall not be
assigned by any Party, except as provided in Article 17.2.4.
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335
17.2 Permitted Charges
17.2.1 Any ISTS Licensee shall not create or permit to subsist any encumbrance over
all or any of its rights and benefits under this Agreement except as permitted in this
Agreement.
17.2.2 Any ISTS Licensee may create any encumbrance over all or part of the
receivables or its transmission assets in favour of the Lenders or the Lenders'
Representative on their behalf, as security for amounts payable under the
Financing Agreements.
Provided that:
(a) the Lenders or the Lenders' Representative on their behalf shall have
entered into the Financing Agreements; and
(b) any encumbrance granted by an ISTS Licensee in accordance with this
Article 17.2.2 shall contain provisions pursuant to which the Lenders
or the Lender's Representative on their behalf agrees unconditionally
with the ISTS Licensee to release from such encumbrances upon payment
by the ISTS Licensee to the Lenders of all amounts due under the Financing
Agreements.
17.2.3 Article 17.2.1 does not apply to:
17.2.3.1
17.2.3.2
17.2.3.3
liens arising by operation of law (or by an agreement evidencing the
same) in the ordinary course of provision of transmission services by
an ISTS Licensee; or
pledges of goods, the related documents of title and / or other related
documents, arising or created in the ordinary course of provision of
transmission services for raising working capital loans by an ISTS
Licensee; or
security arising out of retention of title provisions in relation to goods
acquired in the ordinary course of provision of transmission services by an
ISTS Licensee.
17.2.4 Neither any ISTS Licensee nor any DIC can relinquish or transfer its rights and
obligations, without prior approval of the Commission, save when such
23
Ir
336
encumbrance is created under Clause 17.2.2.
17.3 Substitution Rights of the Lenders of ISTS Licensee
17.3.1 An ISTS Licensee shall operate and maintain its transmission assets under the
provisions of its transmission license granted by the Commission and the
provisions of this Agreement and can not assign the transmission license or
transfer its transmission assets or part thereof to any person by sale, lease,
exchange or otherwise, without the prior approval of the Commission.
17.3.2 However, in the case of default by the ISTS Licensee in debt repayments, the
, ,
Commission may, on an application from the Lenders, assign the transmission
license to the nominee of the Lenders subject to the fulfillment of the
qualification requirements and provisions of the CERC (Procedure, terms and
Conditions for grant of Transmission License and other related matters)
Regulations, and any subsequent amendments made there to.
18.0 Governing Law and Dispute Resolution
18.1 Governing Law
18.1.1 This Agreement shall be governed by and construed in accordance with the Laws
of India. Any legal proceedings in respect of any matters, claims or disputes
under this Agreement shall be under the jurisdiction of appropriate courts in
New Delhi.
18.2 Amicable Settlement:
18.2.1 A DIC, ISTS Licensee or CTU is entitled to raIse any claim, dispute or
difference of whatever nature arising under, out of or in connection with
this Agreement by giving a written notice to the other Party, which shall contain:
(a) a description of the Dispute;
(b) the grounds for such Dispute; and
(c) all written material in support of its claim.
18.2.2 The Party against which the Dispute has been raised ("Party in Dispute") shall,
within thirty (30) days of issue of notice issued under Article 18.2.1, furnish:
(a) counter-claim and defenses, if any, regarding the Dispute; and
d
24
337
(b) all written material in support of its defenses and counter-claim.
18.2.3 Within thirty (30) days of issue of notice by the Party pursuant to Article 18.2.1 if
the Party in Dispute does not furnish any counter claim or defense under Article
18.2.2, or thirty (30) days from the date of furnishing counter claims or defense
by the other Party, both the Parties to the Dispute shall meet to settle such
Dispute amicably. If the Parties fail to resolve the Dispute amicably within thirty
(30) days from the later of the dates mentioned in this Article 18.2.3, the Dispute
shall be referred for dispute resolution in accordance with Article 18.3.
18.2.4 The CTU may involve the concerned ISTS Licensee or the concerned DIC in
case the dispute is originated due to actions/ performance of such ISTS
Licensee or DIC. The ISTS Licensees and the DICs are obligated to provide
any support that the CTU may require in that regard.
18.3 Dispute Resolution
18.3.1 Where any Dispute arises from a claim made by any Party regarding any
provisions of this Agreement, such Dispute shall be submitted for adjudication by
the CERC.
18.3.2 The obligations of the DICs under this Agreement towards the CTU or ISTS
Licensees shall not be affected in any manner by reason of inter-se disputes
amongst the DICs or ISTS Licensees.
18.3.3 Where any dispute is directed by CERC to be determined by Arbitration, the
matter shall be determined by such persons as the CERC may nominate in that
behalf on the application of the Party. In respect of all other purpose of the
Arbitration proceeding, the provisions of Arbitration and Conciliation Act,
1996 shall be applicable.
18.3.3.1
18.3.3.2
The place of Arbitration shall be New Delhi. The language of the
Arbitration shall be English.
Courts at New Delhi shall have exclusive jurisdiction.
18.4 Continuity in Performance of Obligations
18.4.1 Notwithstanding the existence of any Dispute and difference referred to the
Commission or the Arbitration Tribunal, as provided in Article 18.3 and save as
the Commission or the Arbitration Tribunal may otherwise direct by a final or
interim order, the Party who raised the Dispute pursuant to Article 18.2.1 and the
25
338
Party in Dispute hereto shall continue to perform their respective obligations
(which are not in dispute) under this Agreement.
19.0 Representations and Warranties
19.1 Representation and warranties of the DICs
19.1. 1 Each DIC hereby represents and warrants to and agrees with the CTU and the
ISTS Licensees as follows and acknowledges and confirms that the CTU and the
ISTS Licensees are relying on such representations and warranties in connection
with the transactions described in this Agreement:
19.1.1.1
19.1.1.2
19.1.1.3
19.1.1.4
19.1.1.5
It has all requisite powers and has been duly authorized to execute and
consummate this Agreement;
This Agreement is enforceable against the DIC in accordance with its
terms;
The consummation of the transactions contemplated by this Agreement
on the part of DIC will not violate any provision of nor
constitute a default under, nor give rise to a power to cancel any
charter, mortgage, deed of trust or lien, lease, agreement, license
permit, evidence of indebtedness, restriction, or other contract to which
the DIC is a party or to which the DIe is bound, which violation,
default or power has not been waived;
The DIe is not insolvent and no insolvency proceedings have been
instituted, nor threatened in writing or pending by or against the
DIe; and
There are no actions, suits, claims, proceedings or
investigations pending or, to the best of the DIe's knowledge,
threatened in writing against the DIe at law, in equity, or otherwise,
and whether civil or criminal in nature before or by, any court,
commISSIon, arbitrator or governmental agency or authority,
and there are no outstanding judgements, decrees or orders of any
such courts, commission, arbitrator or governmental agencies or
authorities, which materially and adversely affect its ability to
comply with its obligations under this Agreement.
19.1.2 Each of the DICs makes all the representations and warranties above to be valid
26
339
as on the date of this Agreement.
19.2 Representation and warranties of the ISTS Licensees:
19.2.1 Each ISTS Licensee hereby represents and warrants to and agrees with the CTU
and the DICs as follows and acknowledges and confirms that the DICs are
relying on such representations and warranties in connection with the
transactions described in this Agreement:
19.2.1.1
19.2.1.2
19.2.1.3
19.2.1.4
19.2.1.5
It has all requisite powers and has been duly authorized to execute and
consummate this Agreement;
This Agreement is enforceable against the ISTS Licensee in
accordance with its terms;
The consummation of the transactions contemplated by this Agreement
on the part of the ISTS Licensee will not violate any provision of nor
constitute a default under, nor give rise to a power to cancel any
charter, mortgage, deed of trust or lien, lease, agreement, license,
permit, evidence of indebtedness, restriction, or other contract to
which the ISTS Licensee is a party or to which the ISTS Licensee is
bound which violation, default or power has not been waived;
The ISTS Licensee is not insolvent and no insolvency proceedings
have been instituted, nor threatened or pending by or against the ISTS
Licensee; and
There are no actions, suits, claims, proceedings or
investigations pending or, to the best of the ISTS Licensee's
knowledge, threatened in writing against the ISrS Licensee at law,
in equity, or otherwise, and whether civil or criminal in nature, before
or by, any .court, commission, arbitrator' or governmental agency or
authority, and there are no outstanding judgments,' aecrees or orders
of any such courts, commISSIon, arbitratdr " or governmental
agencies or authorities, which materially a'dversely affect its
ability to comply with its obligations under this Agreement.
19.2.2 Each of the ISTS Licensees makes all the representations and warranties above to
be valid as on the date of this Agreement.
20.0 Indemnification

27
, .
. -
340
.....
20.1 Indemnification by the DICs and ISTS Licensees
20.1.1 The DICs and ISTS Licensees agree to indemnify and hold the CTU harmless
from and against any and all damages, losses, liabilities, obligations, claims of
any kind including any tax liability, interest, cost, fee, or expenses (including,
without limitation, reasonable attorneys' fees and expenses) (collectively,
"Losses"), suffered, incurred or paid, directly, as a result of, in connection with or
arising out of exercise of CTU' s obligations of billing and collection of
transmission charges on behalf of ISTS Licensees pursuant to and in accordance
with this Agreement.
20.2 Indemnity to Survive Termination
20.2.1 The obligations of the DICs and ISTS Licensees under Clause 20.0 shall survive
the termination of this Agreement.
INWITNESS WHEREOF THE PARTIES HAVE CAUSED THIS AGREEMENT TO
BE EXECUTED BY THEIR DULY AUTHORISED REPRESENTATIVE AS OF THE
DATE AND PLACE AS HEREIN AFTER APPEARING

SIgnature:.. . ,r __
....
DeSIgnatIon: ..
Address: ) \/G-...d...O 0\r-((lA.. I r

, .
Signature: ... ... .. .. .
Name: .. ... 1
Designation: . ..... .
Address:
,

For and on behalf of Power Grid
Corporation of India (a Central
Trans;isrsion Utility) at
on
'
Designation: .
Addr' Addl.General Manager,,(Commlo}-
ess. .. ' QI4'tllJa.
' PoWERGRID, NAG PUR.
For and on behalf of .. A 'Y lJ.tJf.
Signature:
Name:
Designation:
Address:
.
341
f'
". 'j
' f'
342
Schedule - I
1.0 Parties to the Agreement (to be amended from time to time)
1.1 List of Designated ISTS Customers
"
S. Nam:e Category Address of Telephone/ Mobile No.1 e-
No. (IS,GS/ STU/ Office mail! FAX
"
SEn/ Bul'k
I'
"
Consumer,
,
,

etc)
",
1 Mis Adani Generator Adani Power Limited Phone
. ,
+91 79 25556900
Power Sambhav Building FaxNo: + 91 79 25557177
Limited Judges Bungalow Road,
,Bodakdev Email: info@adaniQower.com
Ahmedabad - 380 015 ,
Gujarat , India
1
2
3
,
-
29
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344
SCHEDULE-II
POWERGRID OWNED ASSETS
1.1 Existing Transmission System
NR
Charged
at 400
Tehri Meerut-I SIC 765 kV kV
Charged
at 400
Tehri Meerut-II SIC 765 kV kV
Meerut Muzaffarnagar SIC 400 kV
MEERUT MANDaLA D/C 400 kV
Charged
at 220
LILa of Dhauliganga Bareilly at Pithoragarh D/C 400 kV kV
LILa of Tanakpur BAREIL Y at Sitarganj D/C 220 kV
Agra JAIPUR(Bassi) D/C 400kV
AGRA AGRA (UP) D/C 400 kV
Agra Bhiwadi-I SIC 400kV
Agra Bhiwadi-II SIC 400 kV
LILa of Singrauli Kanpur I at Allahabad D/C 400 kV
LILa of Singrauli Kanpur II at Allahabad D/C 400 kV
ALLAHABAD MAINPURI D/C 400 kV
. RIHAND ALLAHABAD D/C 400 kV
MAINPURI BALLABGARH D/C 400 kV
Dadri Panipat SIC 400 kV
AURAIYA AGRA D/C 400 kV
AGRA BALLABGARH SIC 400kV
AURAIY A SIKANDRA D/C 220kV
Kanpur BALLABGARH D/C 400 kV
Balia Lucknow D/C 400 kV
Balia Mau D/C 400kV
Patna Balia D/C 400 kV
Lucknow Bareilly D/C 400 kV
Biharsharif Balia D/C 400 kV
LILa of Ballabgarh Bhiwadi at Gurgaon D/C 400 kV
LILa of Ballabgarh Bassi at Bhiwadi D/C 400kV
Charged
at 220
Dhauliganga Bareily D/C 400 kV kV
Gorakhpur (PG) Gorakhpur D/C 400kV
Lucknow Unnao D/C 400kV
LILa of Ballabhgarh Dadri at Maharanibagh D/C 400 kV
DADRI MANDaLA D/C 400kV
Bassi HEERAPURA-I SIC 400 kV
Bassi HEERAPURA-II SIC 400 kV
KANPUR BALLABGARH SIC 400 kV
SINGRAULI RIHAND SIC 400 kV
Vindyachal KANPUR SIC 400kV
345
Ballabgarh Jaipur SIC
Ballabgarh Dadri D/C
RIHAND SINGRAULI SIC
DADRI MALERKOTLA SIC
LILO of Zerda Kankroli at Bhinmal D/C
Kankt'oli Zerda D/C
Kanpur Auraiya-I D/C
Kanpur Auraiya-II D/C
Mandola Bareilly(LILO at Bareilly) D/C
Lucknow Moradabad(LILO at Bareily) D/C
Lucknow (PG) Sultanpur - LILO Portion D/C
Bareilly Moradabad-II SIC
Kota Merta-I D/C
KANPUR AGRA SIC
AGRA JAIPUR(Bassi)-I SIC
SINGRAULI KANPUR SIC
SINGRAULI KANPUR SIC
DADRI PANIPAT SIC
KANPUR PANKI-I SIC
KANPUR P ANKI -II SIC
MURADABAD MURADNAGAR SIC
MURADNAGAR DADRI SIC
SINGRAULI ANPARA SIC
Lucknow Muradabad SIC
SINGRAULI LUCKNOW SIC
LILO of Muzzaffarnagar Rishikesh at Roorkee D/C
RAPP Kankroli D/C
RAPP C Kota SIC
LILO ofVindhyachal Kanpur at Singrauli-I D/C
LILO ofVindhyachal Kanpur at Singrauli-II SIC
Kankroli Jodhpur SIC
Gorakhpur Lucknow D/C
Meerut Kaithal D/C
LI of 2 ckts Tehri Meerut from Koteshwar SIC
LI of 2 ckts Tehri Meerut from Koteshwar D/C
LO 1st Tehri Meerut from Koteshwar SIC
LO 2nd Tehri Meerut from Koteshwar SIC
Koteshwar Koteshwar HEP D/C
ANTA BHILWARA-I D/C
Dausa Heerapura D/C
ANTA DAUSA D/C
KANPUR UNCHAHAR-I D/C
KANPUR UNCHAHAR -II D/C
PANKI Mainpuri(LILO Portion at kanpur) D/C
LILO ofPanki Naubasta at KanpurD/C
RAPP (B) Anta SIC
SCHEDULE-II
400 kV
400kV
400 kV
400 kV
400 kV
400kV
400kV
400kV
400kV
400kV
400kV
400 kV
400 kV
400 kV
400 kV
400kV
400kV
400kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400kV
4'00 kV
400kV
400kV
400kV
400 kV
400kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
220 kV
220 kV
220kV
220 kV
220 kV
220kV
220kV
220kV
2
346
RAPP -B CHITTORGARH D/C
RAPP-B UDAIPUR SIC
Tanakpur Bareilly D/C
LILO of Unchahar Lucknow D/C
Unchahar Raibareilly SIC
KISHENPUR MOGA(ch at 400 kV) SIC
KISHENPUR MOGA (ch at 400 kV) SIC
NAPTHA JHAKRI NALAGARH D/C
NAPTHA JHAKRI ABDULLAPUR D/C
ABDULLAPUR BA WANA D/C
Nallagarh Hissar D/C
LILO of Chamera MOGA at Jalandhar D/C
JALLANDHAR DASUY A D/C
BHIW ANI bawana D/C
Hissar Jaipur SIC
LILO of Chamera-I Kishenpur at Chamera II D/C
Cham era I Kishenpur SIC
Koldam Nallagarh D/C
Bahadurgarh Sonepat D/C
Jalandhar Ludhiana SIC
Malerkotla Ludhiana SIC
Moga Hissar ( LILO at Fatehabad) D/C
Jallandhar Amritsar SIC SIC
BA W ANA BHIWANI (LILO at Bahadurgarh) D/C
DULHASTI KISHENPUR SIC
Kishenpur Wagoora D/C
Kishenpur Wagoora SIC
Moga Bhiwadi D/C
Hissar Bassi (LILO at bhiwadi) D/C
Hissar Bawana SIC
HISAR BHIW ANI SIC
Moga Hissar D/C
HISSAR Hissar-IA D/C
URI WAGOORA D/C
W AGOORA P AMP ORE D/C
Abdullapur Sonepat D/C .
Cham era MOGA D/C
PA TIALA MALERKOTLA SIC
Nallagarh Hissar(LILO at Kaithal) D/C
Nallagarh Hissar(LILO at Patiala) D/C
1st LILO of Bawana-Bahadurgarh Hissar Line at Bhiwani SIS D/C
BAIRASIUL JESSORE SIC
BAlRASIUL PONG SIC
SCHEDULE-II
220 kV
220 kV
220 kV
220 kV
220 kV
Charged
at 400
765 kV kV
Charged
at 400
765 kV kV
400 kV
400 kV
400 kV
400kV
400 kV
220 kV
400kV
400 kV
400kV
400 kV
400 kV
400 kV
400 kV
400 kV
400kV
400 kV
400 kV
400kV
400 kV
400 kV
400kV
. 400 kV
400kV
400 kV
400 kV
220kV
400kV
220 kV
400kV
400 kV
400 kV
400 kV
400 kV
400kV
220kV
220 kV
3
I
347
SCHEDULE-II
JESSORE PONG SIC 220 kV
JALLANDHAR HAMIRPUR DIC 220 kV
JAMMU H'NAGAR SIC 220 kV
H'NAGAR SARNA SIC 220 kV
SALAL KISHANPUR DIC 220kV
UDHAMPUR KISHANPUR DIC 220kV
SALAL JAMMU I SIC 220kV
KISHANPUR SARNA DIC 220kV
KISHANPUR SALAL DIC 220kV
SALAL JAMMU II SIC 220 kV
SARNA DASUY A DIC 220 kV
Mahanpur Kathua DIC 132 kV
Sewa II Mahanpur DIC 132 kV
Sewa II Hiranagar DIC 132 kV
NER
New Siliguri Bongaigaon DIC 400 kV
Balipara Misa DIC 400 kV
Balipara Bongaigaon DIC 400 kV
Balipara Tezpur SIC 220kV
Maraini Misa DIC 400kV
Kathalguri Maraini DIC 400 kV
Balipara Ranganadi DIC 400 kV
Nirjuli Dikrong SIC 132 kV
Misa Samaguri DIC 220 kV
Kopili Misa DIC 220 kV
Khandong Khlehriat SIC 132 kV
Kopili Khandong - I SIC 132 kV
Haflong Jiribam SIC 132 kV
Khandong Haflong SIC 132 kV
Jiribam Aizwal SIC 132 kV
Aizwal Zimabawk SIC 132 kV
Aizwal Kumarghat SIC 132 kV
Gohpur Itanagar (Nirjuli) SIC 132 kV
Kopili Misa SIC 220 kV
Dimapur Misa DIC 220 kV
Doyang Dimapur DIC 132 kV
Dimapur Imphal SIC 132 kV
LILO of Dimapur Kohima at Dimapur DIC 132 kV
Kopili Khandong-II SIC 132 kV
Loktak Imphal SIC 132kV
Imphal Imphal(Y'bam) SIC 132 kV
Loktak Jiribam SIC 132 kV
Agartala Agartala DIC 132 kV
Kumarghat R.C.Nagar SIC 132 kV

132 kV

4
348
SCHEDULE-II
Badarpur(PG) Badarpur(ASEB) SIC 132 kV
liribam Badarpur SIC 132 kV
Khlehriat Khlehriat (LILO) SIC 132 kV
Khlehriat Badarpur SIC 132 kV
Badarpur Kolasib SIC 132 kV
Kolasib Aizwal SIC 132 kV
Badarpur Kumarghat SIC 132 kV
Rangandi Ziro SIC 132 kV
ER
Kahalgaon Biharsharif D/C 400 kV
Kahalgaon Maithon D/C 400 kV
Jamshedpur Maithon D/C 400 kV
Jamshedpur Rourkela SIC 400 kV
Lilo of Durgapur Jamshedpur at DVC D/C 400 kV
Lilo of Durgapur Jamshedpur at DVC SIC 400 kV
Maithon Maithon RB D/C 400 kV
Kahalgaon Patna D/C 400 kV
Maithon Ranchi D/C 400 kV
Muzaffarpur B iharsharif D/C 400 kV
Barh Balia D/C 400 kV
Jamshedpur Rourkela SIC 400kV
Biharshariff-Sasaram Sarnath D/C 400 kV
LILO of Kahalgaon Patna at Barh D/C 400 kV
LILO of Bongaigaon MaIda at PUfliea D/C 400kV
New Purnea Purnea D/C 220kV
Hathidah River Biharsharif Begusarai D/C 220kV
Sasaram Ara D/C 220 kV
Ara Khagul D/C 220 kV
LILO of Dehri Sahupuri at Sasaram D/C 220 kV
LILO of Dumraon Ara at Ara (PG) D/C 132 kV
Dehri Karmnasa SIC 132 kV
LILO of Dalkhola Purnea at Purnea (PG) SIC 132 kV
LILO of Farakka Jeerat at Subhashgram D/C 400 kV
Farakka Kahalgaon 2nd line D/C 400 kV
Kahalgaon BiharsharifDIC 400 kV
Farakka Kahalgaon D/C 400 kV
Farakka Jeerat-I SIC 400 kV
Farakka Jeerat-II SIC 400 kV
Farakka Durgapur-I SIC 400 kV
Farakka Durgapur-II SIC 400 kV
Durgapur Jamshedpur SIC 400 kV
New Siliguri Maida D/C 400kV
LILO of Maida New Siliguri at New Purnea D/C 400kV
LILO of Bongaigaon New Purnea at Siliguri D/C 400 kV
New Siliguri Tala Die 400 kV
}t/v 5
349
New Siliguri Tala D/C
LILO of Bongaigaon MaIda at New Siliguri D/C
LILO of Birpara Siliguri at New Siliguri D/C
New Siliguri Teesta D/C
Talcher Rengali D/C
Talcher Rourkela D/C
Talcher Meeramundali D/C
Jeypore Meeramundali SIC
Indravathi Rengali SIC
Indravathi Jeypore SIC
LILO ,of Maithon Jamshedpur at Mejia (One Ckt.) SIC
LILO of Maithon Jamshedpur at Mejia (One Ckt.) D/C
LILO of Kolaghat Rengali at Baripada D/C
Dalkhola Purnea D/C
Farakka MaIda D/C
Chuka Birpara D/C
Chuka Birpara SIC
New Siliguri Birpara D/C
Dalkhola Siliguri D/C
Dalkhola MaIda D/C
Birpara Salakati D/C
Salakati BTPS D/C
~ O of Rangit Siliguri at Gangtok D/C
LILO of Siliguri Gangtok at Melli D/C
Rangit Siliguri D/C
Rangit Rammam SIC
Rangit Melli SIC
WR
Seoni Wardha SIC
Aurangabad Akola D/C
Wardha Akola D/C
Sipat Seoni Ckt I SIC
Sipat Seoni Ckt II SIC
LILO of Bhilai * Satpura at Seoni D/C
LILO of SSP * Nagda line at Rajgarh D/C
LILO of Korba Raipur D/C
Seoni Khandwa D/C
Dehgam Nagda D/C
KOLHAPUR MAPUSA D/C
Raipur Sipat D/C
BHADRA V A TI CH'DRAPUR D/C
LILO ofCkt-II Bhilai Ch'DRAPUR SIC
Korba Raipur-II SIC
SArnA BmJ;t-
SCHEDULE-II
400 kV
400 kV
400 kV
400kV
400kV
400 kV
400kV
400kV
400 kV
400 kV
400 kV
400 kV
400kV
220kV
400 kV
220 kV
220 kV
220 kV
220 kV
220 kV
220 kV
220 kV
132 kV
132 kV
132 kV
132 kV
66kV
Charged
at 400
765 kV kV
400kV
400 kV
765 kV
765 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400kV
400kV
400kV
400 kV
400kV
400 kV
6
350
SCHEDULE-II
LILO of Korba Bhilai-3 at Raipur SIC 400 kV
VINDHY ACHAL SA TNA D/C 400 kV
SATPURA ITARSI SIC 400 kV
INDORE ASOJ I SIC 400 kV
ITARSI INDORE II SIC 400 kV
BHADRA V ATI CH'DRAPUR D/C 400 kV
BHILAI KORADI SIC 400kV
BHILAI BHADRA V A TI D/C 400 kV
KORADI SATPURA SIC 400kV
KORBA KORBA(WEST) SIC 400 kV
KORBA BHILAI I SIC 400 kV
KORBA BHILAI II SIC 400 kV
KORBA BHILAI III SIC 400 kV
KORBA BUDHIPADAR SIC 220kV
Raipur D/C 400 kV
Raipur Bhadrawati D/C 400 kV
Raipur , Raigarh D/C 400 kV
Ranchi Rourkela D/C 400 kV
Sipat Ranchi D/C 400 kV
TARAPUR PADGE SIC 400kV
Tarapur Boisar D/C 400 kV
Tarapur Padge SIC 400 kV
Tarapur Boisar SIC 220 kV
LILO of GANDHAR P ADGE at Boisar D/C 400 kV
LILO of GANDHAR P ADGE at Boisar SIC 400kV
LILO of GANDHAR P ADGE at Vapi SIC 400 kV
LILO of GANDHAR P ADGE at Vapi D/C 400 kV
VINDHY ACHAL KORBA SIC 400 kV
Charged
at 400
Agra Gwalior SIC 765 kV kV
Charged
at 400 '
Agra Gwalior SIC 765 kV kV
Charged
at 400
Bina Gwalior SIC 765 kV kV
Damoh Bhopal D/C 400 kV
Damoh Bhopal SIC 400kV
Birsinghpur Damoh D/C 400kV
Dehgam Pirana D/C 400 kV
Charged
at 400
Seoni Bina SIC 765 kV kV
LILO of !tarsi Dhule D/C 400kV
Charged
at 400
Bina Gwalior SIC 765 kV kV
Khandwa Rajgarh D/C 400 kV
LILO of Korba Raipur at Bhatapara D/C 400kV
J!f--
7 ' '

351
SCHEDULE-II
Bina Nagda D/C 400kV
GANDHAR DEHGAM D/C 400 kV
GANDHAR BARUCH D/C 220 kV
Gandhar Padge SIC 400 kV
GANDHAR Gandhar SIC 400 kV
INDORE ASOJ II SIC 400 kV
ITARSI INDORE I SIC 400kV
VIN'CHAL JABALPUR D/C 400kV
JABALPUR ITARSI D/C 400 kV
VINDHY ACHAL KORBA SIC 400 kV
JABALPUR ITARSI D/C 400 kV
ITARSI DHULE D/C 400kV
VIN'CHAL JABALPUR D/C 400kV
LILO of Raipur Rourkela D/C 400 kV
SATNA BINA D/C 400 kV
LILO of Satna bina at Bina D/C 400 kV
VINDHY ACHAL SA TNA D/C 400 kV
Vapi Khadoli D/C 220 kV
Vapi Magarwada D/C 220 kV
Vapi Kharadpada D/C 220kV
KAKRAPAR BARUCH D/C 220 kV
KAKRAJ;> AR V API D/C 220 kV
KAKRAPAR V A V D/C 220 kV
KA W AS NA VSARI D/C 220kV
KAWAS VAV D/C 220kV
KA WAS BARUCH(Haldarwa) D/C 220kV
SR
Ramagundam Gazwel (upto LILO point) SIC 400 kV
Gazwel Hyderabad (upto LILO point) SIC 400kV
Ramagundam Hyderabad SIC 400 kV
Hyderabad ,Nagarjunasagar SIC 400 kV
Ramagundam Nagarjunasagar D/C 400 kV
Nagarjunasagar Kadapa SIC 400kV
Nagatjunasagar Kadapa SIC 400 kV
Cuddapah Bangalore SIC 400.kV
Cuddapah Chittoor SIC 400 kV
Chittoor Chennai SIC 400 kV
Bangalore Salem SIC 400 kV
Raichur Munirabad SIC 400 kV
Nagarjunasagar Raichur SIC 400 kV
Ramagundam Hyderabad D/C 400 kV
Khammam Nagaljunasagar SIC 400 kV
Hyderabad Kurnool SIC 400 kV
Gooty Neelmangala SIC 400 kV
Kurnool GOd:!--
8
352
Ramagundam Chandrapur D/C
Khammam Vijayawada SIC
Khammam Ramagundam SIC
Nagarjunasagar Gooty SIC
Gooty Bangalore SIC
Vijayawada Gazuwaka SIC
Vijayawada Gazuwaka(LILO at Vemagiri) D/C
Vijayawada Gazuwaka D/C
Vijayawada Nellore D/C
Nellore Sriperumbudur D/C
Jeypore Gazuwaka D/C
Nellore Sriperunbadur(LILO at Almatty) D/C
Gooty Raichur D/C
Neelmangala Somanahalli D/C
Kolar Hoody D/C
LILO of Cuddapah Bangalore at Kolar SIC
Hosur Salem SIC
Kolar Hosur D/C
Salem Udumalpet SIC
Kaiga Narendra D/C
Kaiga Sirsi D/C
Khammam Ramagundam(LILO) D/C
Khammam Ramagundam(LILO) SIC
Madurai Pugalur D/C
Neyveli Pugalur D/C
Neyveli Pugalur SIC
Udumalpet Arasur D/C
LILO of Neyveli Sriperumbdur at Puducherry D/C
Kolar Sriperumbudur(Madras) at kalvindapattu D/C
Narendra Davangere DIC
Madurai Thiruvananthpuram DIC
Thirunelveli Edamon DIC
Kudankulam Tirunelveli DIC
Kudankulam Tirunelveli DIC
Madurai Thiruvananthpuram(LILO at Thirunelveli) DIC
Thirunelveli Udumalpet DIC
Neelmangala Mysore DIC
Neyveli TS I Extension Trichy(LILO) SIC
Neyveli Madras SIC
Neyveli Salem SIC
Neyveli Villianoor(Pondy) SIC
Neyveli TS II Trichy DIC
Neyveli Salem SIC
Salem Udumalpet SIC
Trichy Madurai DIC

400 kV
400 kV
400 kV
400 kV
400 kV
400kV
400kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400kV
400kV
400kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400kV
400kV
400kV
400kV
400kV
400 kV
400 kV
400 kV
400 kV
220 kV
400 kV
400 kV
400kV
400kV
SCHEDULE-II
Charged
at 220
kV
9
353
Madurai SIC
Udumalpet Trichur D/C
LILO of Talguppa Neelamangla one ckt at Hassan SIS D/C
LILO of Trichy Madurai ckt II at Karaikudi D/C
LILO of Davangere Hoody at Hiriyur D/C
Neyveli Bahour SIC
HVDC
Sasaram
Gajuwaka
(1.9.1999)
Gajuwaka
(1.3.2005)
Chandrapur
(Bhadravati)
Talcher-Kolar Pole-
1
Talcher-Kolar Pole-
2
Balia-Bhewadi
HVDC
Rihand Dadri
Singrauli
Vindhyachal
T rans ormatIOn C apaclty
V oltage ratio
Name of transformer I converter
transformer
400/220 kV Hyderabad - lCT I
400/220 kV Hyderabad - lCT II
400/220 kV Hyderabad - ICT III
400/220 kV Nagatjunasagar - ICT I
400/220 kV Nagarjunasagar - ICT II
400/220 kV Cuddapa -I CT
400/220 kV Gooty -ICT I
400/220 kV Khamam -I CT I
400/220 kV Vijaywada -ICT
400/220 kV Gajuwaka -ICT
400/220 kV Munirabad -ICT I
400/220 kV Nagarjunasagar - ICT III
400/220 kV Bangalore-ICT I
400/220 kV Bangalore-ICT II
400/220 kV Udumalpet -ICT I
400/220 kV Udumalpet -ICT II
400/220 kV Madurai -ICT I
400/220 kV Madurai -ICT II
400kV
400kV
400kV
400kV
400 kV
220 kV
HVDC Back to back
HVDC Back to back
HVDC Back to back
HVDC Back to back
HVDC Pole-l
HVDC Pole -II
HVDC Pole-l
HVDC
HVDC Back to back
Transformation
Capacity
315
315
315
315
315
315
315
315
315
315
315
315
500
500
315
315
315
315
jf--

:
10
354
SCHEDULE-II
400/220 kV Trichy -ICT I 315
400/220 kV Trichy -ICT II 315
400/220 kV Ballabgarh ICT I 315
400/220 kV Ballabgarh ICT II ~ 5
400/220 kV Ballabgarh ICT III 315
400/220 kV Kanpur ICT I 315
400/220 kV Kanpur ICT II 315
400/220 kV Mandola ICT I 315
400/220 kV Mandola ICT II 315
400/220 kV Mandola ICT III 315
400/220 kV Mandola ICT IV 315
400/220 kV Bawana I CT III 315
400/220 kV Bassi ICT I 315
400/220 kV Bassi ICT II 315
400/220 kV Malerkotla ICT I 315
400/220 kV Malerkotla ICT II 315
400/220 kV Moga ICT - I 250
4001220 kV Moga ICT - II 250
400/220 kV Moga ICT - III 250
4001220 kV Hisar ICT - I 315
400/220 kV Hisar ICT - II 315
400/220 kV Wagoora ICT - I 315
400/220 kV Wagoora ICT - II 315
400/220 kV Kishenpur ICT I 315
400/220 kV Kishenpur ICT II 315
400/220 kV Panipat ICT II 450
400/220 kV Abdullapur ICT II 315
400/220 kV Nalagarh ICT I 315
400/220 kV Nalagarh ICT II 315
400/220 kV lallandhar leT I 315
400/220 kV lallandhar ICT II 315
400/220 kV BiharshariffICT - I 315
400/220 kV B iharshari ffI CT - II 315
- -
400/220 kV lamshedpur ICT I 315
400/220 kV lamshedpur ICT II 315
2201l32' kV Purnea ICT I 100
220/132 kV Purnea I CT II 100
400/220 kV Durgapur I CT - I 315
400/220 kV Durgapur ICT - II 315
400/220 kV Maithon ICT I 315
400/220 kV Maithon ICT II 315
400/220 kV Rourkela ICT I 315
11
355
SCHEDULE-II
400/220 kV Rourkel a ICT II 315
400/220 kV Rengali I CT I 315
400/220 kV Rengali I CT II 315
400/220 kV Farakka ICT I 315
400/220 kV Mal da I CT III 315
220/132 kV Siliguri ICT I 100
220/132 kV B irpara I CT I 100
2201132 kV B irpara I CT II 50
220/132 kV Maida ICT I 50
2201132 kV Maida ICT II 50
220/132 kV Maida ICT IV 50
400/220 kV J eypore I CT II 315
400/220 kV Bongaigaon ICT 315
400/220 kV Balipara ICT 315
400/220 kV Misa lCT 315
220/132 kV Salakati ICT I 50
220/132 kV . Dimapur ICT II 100
132/33 kV Kumarghat ICT 5
132/33 kV Nitjuli ICT-I 10
132/33 kV Nirjuli ICT-II 10
400/220 kV Raipur ICT I 315
400/220 kV Rai pur I CT II 315
400/220 kV Dehgam ICT I
,
315
400/220 kV Dehgam I CT II 315
4001220 kV Jabalpur ICT I 315
400/220 kV Jabalpur ICT II 315
400/220 kV Satna ICT-I 315
400/10.56 kV SVC 312
400/220 kV Hosur ICT I 315
400/220 kV Hosur ICT II 315
400/220 kV Kolar - ICT 500
400/220 kV Ballabgarh ICT IV -315
400/220 kV Allahabad ICT I 315
400/220 kV Allahabad I CT II 315
4001220 kV Bhiwadi ICT I 315
400/220 kV Bhiwadi ICT II 315
132/ 33 kV Sasaram ICT I (Au x Power) 10
132/33 kV Sasaram ICT II (Aux Power) 10
400/220 kV Jeypore ICT I 315
400/220 kV Maida ICT V 31 5
400/220 kV Mapusa ICT II 315
400/220 kV Mapusa ICT I
..
315

12
356
SCHEDULE-II
400/220 kV Hiriyur ICT 315
400/220 kV Meerut I CT II 31 5
400/220 kV Meerut ICT III 315
400/220 kV Abdullapur ICT I 315
4001220 kV New Purnea ICT 315
2201132 kV Purnea ICT III 100
400/220 kV New Siliguri ICT 315
400/220 kV BiharshariffICT III 315
400/220 kV Sasaram ICT I 315
400/220 kV Sasaram I CT II 315
.
220/132 kV Ara ICT I 100
220/132 kV Ara ICT II 100
132/33 kV Ziro ICT 15
400/220 kV Khandwa I CT I 315
400/220 kV Khandwa I CT II 315
400/220 kV Narendra ICT 315
400/220 kV Trivandrum ICT I 315
4001220 kV Trivandrum ICT II 315
400/220 kV Meerut ICT I 315
400/220 kV Mainpuri ICT I 315
400/220 kV Mainpuri ICT II 315
400/220 kV Patiala ICT-I 315
4001220 kV Abdullapur I CT - III 315
400/220 kV Kaithal ICT I 315
400/220 kV Kaithal ICT II 315
400/220 kV Patiala I CT -II 315
400/220 kV Baripada I 315
2201132 kV Baripada I (220/132) 160
132/66 kV Gangtok ICT I 50
132/66 kV Gangtok I CT II 50
400/220 kV Boisor ICT I 315
400/220 kV Boisor ICT II 315
f 4001220 kV Vapi ICT I 315
4 00/220 kV Vapi ICT II 315
400/220 kV Mysore ICT- I 315
4001220 kV Mysore ICT- II 315
400/220 kV Narendra leT II 315
400/220 kV Gorakhpur leT I 315
400/220 kV Lucknow leT - I 315
400/220 kV Gorakhpur leT II 315
400/220 kV Muzaffarnagar leT 315
400/220 kV Amritsar leT 315
13
357
SCHEDULE-II
400/220 kV Bahadurgarh 315
400/220 kV Muzaffarpur ICT - I 315
400/220 kV New-Purnea ICT-II 315
400/220 kV lndravati ICT -I 315
4001220 kV New-Siliguri ICT-II 315
400/220 kV ICT - II at Subhashgram
,
315
220/132 kV Salakati ICT II 50
400/220 kV Satna ICT II 315
400/220 kV Cuddapa -I CT - II 315
\
400/220 kV Gooty -I CT II 315
400/220 kV Gajuwaka -ICT II 315
4001220 kV Munirabad -ICT II 315
400/220 kV Khamam -I CT. II 31 5
4001220 kV Kolar - ICT II 500
220/132 kV Raibareilly ICT - III 100
400/220 kV Maharani bag I CT -I 315
400/220 kV Maharani bag I CT -II 315
220/132 kV Raibareilly ICT - II 100
400/220 kV Wagoora I CT - III 315
400/220 kV Moga ICT - IV 315
400/220 kV Fatehabad ICT-I 315
400/220 kV Amritsar ICT - II 315
400/220 kV Patna ICT - I 315
400/220 kV Ranchi ICT - II 315
4001220 kV Muzaffarpur I CT - II 315
400/220 kV Ranchi ICT - I 315
400/220 kV Patna I CT - II 315
400/220 kV ICT - I at Subhashgram 315
400/220 kV Bhatapara ICT I 315
400/220 kV RaigarhOICT-I 315
400/220 kV Raigarh ICT-II 315
765/400 kV Seoni ICT I 1500
400/220 kV Seoni ICT I 315
400/220 kV Gwalior ICT I 315
400/220 kV Vijaywada -ICT II 315
400/220 kV Kankroli ICT II 315
400/220 kV Fatehabad ICT-II 315
400/220 kV Seoni ICT II 315
765/400 kV Seoni ICT II 1500
765/400 kV Seoni ICT III 1500
400/220 kV Gwalior ICT II 315
400/220 kV Rajgarh ICT I 315
..

14
358
SCHEDULE-II
4001220 kV Hiriyur ICT II 315
400/220 kV Warrangal I CT I 315
400/220 kV Warrangal ICT II 315
400/220 kV Triuneveli ICT II 315
400/220 kV Kalivandapattu ICT I
I
315
400/220 kV Kalivandapattu ICT II 315
400/220 kV Thirunelveli ICT I 315
400/220 kV ICT II at Baripada 315
2201132 kV Sitarganj ICT I 100
400/220 kV Kankroli ICT I 315
400/220 kV Ludhiana ICT I 315
400/220 kV Ludhiana ICT II 315
400/220 kV Bhatapara ICT II 315
400/220 kV Itarsi ICT I 315
400/220 kV Damoh ICT I 315
400/220 kV Damoh leT II 315
4001220 kV Udumalpet ICT III 315
400/220 kV Kota ICT I 315
400/220 kV Kota ICT II 315
4001220 kV Kankroli ICT III 315
400/220 kV Roorkee ICT I , 315
400/220 kV Wardha ICT I 315
-
400/220 kV Rajgarh ICT II 315
400/220 kV Trivandrum ICT III 315
400/220 kV Karaikudi ICT I 315
400/220 kV Karaikudi ICT II 315
400/220 kV Pugalur ICT I 315
400/220 kV Pugalur ICT II 315
r
220/132 kV Sitarganj ICT II 100
400/220 kV Bhinmal ICT II 315
400/220 kV Hassan ICT I
,
315
4001220 kV Hassan I CT II 315
400/220 kV Arasur ICT I 315
4001220 kV Arasur ICT II 315
4001220 kV Bhinmal ICT I 315
400/220 kV Roorkee ICT II 315
400/220 kV Gurgaon ICT 315
220/132 kV Pithoragarh ICT I 100
400/220 kV Hisar ICT III 315
400/220 kV Ludhiana ICT III 315
400/93 Gajuwaka HVDC I 1404
400/93 Sasaram HVDC 1404
15
359
400193 Chandrapur HVDC
400/31 Vindhyachal HVDC
400/213 Rihand HVDC
400/206 Dadri HVDC
400/210 Kolar HVDC
400/210 Talcher HVDC
400174.5 Gajuwaka HVDC II
Balia HVDC Pole I
Bhiwadi HVDC Pole I
400/220 kV Puducherry ICT I
400/220 kV Puducherry ICT II
400/220 kV Sonepat I CT II
400/220 kV Sonepat ICT I
400/220 kV Bina ICT I
400/220 kV Maharanibagh ICT III
400/220 kV Maharanibagh ICT IV
220/132 Pithoragarh ICT II
220/132 Dimapur ICT
400/220 kV Wardha I CT II
400/220 kV Solapur ICT I
4QO/220 kv Solapur ICT I
400/220 kV Pirana ICT I
400/220 kV Pirana ICT I
400/220 kV Gwalior ICT III
400/220 kV Pune ICT
220/132 Baripada ICT II
220/132 Kopili ICT
)
Assets owned by ROWERLINKS -TRASMISSION LTD.
Siliguri-Purnea D/C 400kV
Purnea-Muzaffarpur
Muzaffarpur-Muzaffarpur
Muzaffarpur-Gorakhpur
Gorakhpur-Lucknow
Bareilly-Mandola
Bareilly-Bareilly
400kV
220kV
400kV
400kV
400kV
400kV
SCHEDULE-II
2808
1248
1890
1830
2382
2382
1207.2
1494
1494
315
315
315
315
315
500
500
.100
100
315
315
315
315
315
315
315
160
160
16
360
SCHEDULE-II
1.3 NEW ISTS SCHEMES
L t fAt t d t b .
. I
f . FYIl 12 IS 0 sse s expec e 0 e In commercia opera .on In
-
EXPECTED
S.No. NAME OF THE ASSETS
DATE OF
COMMERCIAL
OPERATION
1 Bays at Maithon l-Apr-ll
2 400KV D/C Koderma -Biharshariff(Q) l-Apr-l1
LILO of Alamathy - Sriperumbdur 400KV D/C line at North Chennai TPS Sw.
3 Yd. (24Kms Multi Ckt & 4 Kms D/C) l-Apr-ll
4 Gwalior (lx315), Bina (lx315 S/Stn. l-Apr-ll
5 ICT 1&2 Pit'ana l-Apr-ll
6 Bay Ext Limbdi, Ranchhodpura, Vadavi, Zerda, Karamsad l-Apr-ll
7 400KV D/C Patiala - Ludhiana line I-May-ll
8 LILO of 400KV (Triple Snowbird) Patiala - Hissar line at Kaithal I-May-ll
9 Spare Converter Transformer for Kolar & Talcher(only 4 months) I-May-l1
400KV D/C Rourkela - Raigarh combined with FSC and TCSC on Raigarh-
10 Raipur I-May-l1
11 400KV D/C Baripada - Mendhasal I-May-11
12 Mejia-Maithon Dlc 400 kV twin moose I-May-ll
l3 LILO of 400 KV D/C VimagJri - Gazuwaka at Simadhari-II I-May-l1
400 kV D/C Mundra-Bacchau (Triple Snowbird) TL along with associated bays
14 at Bacchau SIS (Extension) I-Jun-ll
' New 400/220 kV Bacchau SIS and 1 *63MVAR Bus Reactor at Bacchau
I
15 S/S(New) along with associated bays I-Jun-l1
Combined Rajgarh 400/220 kV Substation (PG) Extension alongwith 25%
fixed series compensation -and Bay Ext Limbdi, Ranchhodpura, Vadavi, Zerda,
16 Karamsad 1-Jun-11
17 Korba-Raipur Ckt 3 & 4 I-Jun- l1
18 ICT 1 at Shujalpur I-Jun-ll
Combined Assets of 400 kV Parl i Switching Station(New) with Bus Reactor
and Bhadrawati Parli 400 kV D/C Line, 400 kV' Parli(POWERGRID)-
Parii(MSETCL) 1st circuit (Anticipated DOCO : 01.04.11) & 400 kV
Parli(POWERGRID)- Parli(MSETCL) 2nd Circuit & 400 kV D/C Wardha-
19 Parli Line along with associated bays I-Jul-11
Lilo of lind Ckt of Nalagarh-Kaithal 400 kV at Patiala with associated bays and
20 125 MV AR bus reactor at patiala I-Jul-ll
21 400/220 kV '500MVA ICTs at Patiala and Malerkotla with associated bays I -Jul-l1
22 400/220 kV ICT-III at Raipur I-Jul-ll
400KV Uri-I - Uri -II SIC line (only 2 months tariff) Combined with Uri-Il-
23 Wagoora below I-Jul-l1
24 Combined ICT 1 & 2 at Bacchau I-Jul-11
Cham era Pooling Station - Chamera-II HEP 400KV SIC line (Part-I) & GIS at
25 Chamera-Il I-Jul-l1
220 kV Pooling Station near Chamera (Chamba) HEP - Jullandhur line &
26 400kV Dlc Chamba-Chamera-III I-Jul-11
Combined asset of (a) LILO of 400 kV D/C Bina-Nagda at Shujalpur SIS along
with 50 MVAR Line Reactor at Shujalpur & Switchable scheme for Reactor at
Bina & Nagda SIS (b) New 400/220 kV SIS at Shujalpur (Ant. DOCO
:01.04.2011) and 400 kV, 63 MVAR Bus Reactor at Shujalpur along with
associated bays of 400 kV(Ant. DOCO: 01.08.2011) (Notional DOCO:
27 01.08.2011) 1-Aug-11
17
361
SCHEDULE-II
28 400KV D/C Jamshedpur - Baripada l-Aug-ll
29 ICT 1&2 Sujalpur l-Aug-ll
30 Combined Spare Converter Transformer for Kolar & Talcher I-Sep-l1
31 400KV Uri-II - Wagoora SIC line and Uri-I Uri-II Sic 10 months 1-0ct-ll
32 400KV D/C Maithon RB - Ranchi (PG) line 1-0ct-l1
33 2nd ICT - Gurgaon 1-0ct- l1
34 2nd ICT of 400/220KV Misa S/Stn. I-Nov-ll
Combined Installation of 1 nos. of new 125 MV AR bus reactors at Siliguri 400
kV bus & 400KV D/C Durgapur - Maithon line new 125 MV AR bus reactors at
Siliguri 400 kV bus, Shifting of 3 No. 63 MV AR Reactors at 400kV Siliguri
Sub-Station & Installation of 1 nos. new 125 MVAR bus reactors at Purnea
35 400 kV bus & Shifting of 63 MV AR line reactor at Purnea I-Dec-ll
36 Ext. 4001220 kV at Bahadurgarh & Lucknow S/stn. I-Dec-l1
37 Extn. 400/220KV Wardha (lx315), Pune (lx315), Raipur (lx315) I-Jan-12
38 Aurangabad 400/220 kV Substation (MSEB) , kolhapur Sis Extension I-Jan-12
39 Muvattupuzha (PG) - North Trichur (PG) D/C (Quad) line I-Jan-12
40 400/220 k V Muvattapuzha SIS I-Jan-12
Wardha 400/220 kV Substation (PG) Extension alongwith 25% fixed series
41 compensation I-Jan-12
42 Split Bus at Raipur I-Jan-12
43 HVDC Pole-II I-Jan-12
44 400KV D/C Mundra - Limbdi line (Tripal snowbard) I-Jan-12
45 400KV D/C Bongaigaon TPS - Bongaigaon line I-Jan-12
46 4001132 kV Silchar Sis I I-Jan-12
47 132 kV Silchar-Badarpur I-Jan-12
48 132 kV Silchar-Srikona I-Jan-12
49 765 kV Sis Lucknow & augmentation of 400 kV Balia Sis to 765 kV I-Jan-12
50 765 kV Balia-Lucknow I-Jan-12
51 400 kV D/c Lucknow(new)-Lucknow line-II (Q) I-Jan-12
52 400/220 kV Bidadi SIS (GIS) I-Jan-12
53 Balia and Bhiwadi Converter station incl earth electrode stn. 2nd pole I-Jan-12
54 400 kVD/c Bhiwadi-Neemrana line I-Jan-12
55 ,New 400 kV Pat'bati Pooling Point Gas Insulated S/stn. I-Jan-12
56 400 kV D/C Raipur(PG)-Wardha(PG) line I-Jan-12
57 765 kV 2nd SIC Seoni (PG)-Wardha (PG) line I-Jan-12
58 Seoni 400/220 kV Substation (PG) Extension I-Jan-12
59 Raipur 400/220 kV Substation (PG) Extension I-Jan-12
60 400 kV D/c Mysore-Hassan line I-Jan-12
61 Aug of220/132 kV Transformation capacity at Raebareli (PG) I-Jan-12
62 Korba (NTPC) - Birsinghpur (MPGENCO) 400kV D/C line I-Feb-12
63 50% Series Compensation at Tehri - Meerut line at Meerut Sub station. I-Mar-12
Lilo of 765 kV Sic Sipat-Seoni line at WR pooling station near Sipat including
64 the pooling station I-Mar-12
65 400KV D/C Biharshariff - Sasaram line (Quad) I-Mar-12
66 Augmentation of 4001220KV Biharshariff S/Stn. I-Mar-12
Lilo of 765 kV Sic 2nd Sipat-Seoni line at WR pooling station near Sipat
67 including the ext. of 765/400 kVpooling station I-Mar-12
400 kV D/c Tuticorin JV-Madurai (Q) line including Ext. 400/220 kV at
68 madurai I-Mar-12
69 Mouda-Wardha 400 kV D/c line I-Mar-12
70 Ext. 400 KV North Trichur (PG)
- I-Mar-12
. t'luk
au-

18
362
SCHEDULE-II
owned by RELIANCE POWER TRASMISSION LTD.
WRSSS-Project-C
Rajgarh - Karamsad(DC)
Limbdi - Vadavi (DC)
Vadavi - Kansari (DC)
WRSSS-
Project B
Parli 1- Pune
Pune - Aurangabad
Parli - Solapur
Solapur - Kolhapur
LILO of Lonikhand - Kalwa
LILO of Solapur - Karad
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
400 kV
Assets owned by JA YPEE POWERGRIO
400
EXPECTED DATE OF
COMMERCIAL
OPERATION
31-Dec-ll
Commissioned on 16th -May
2011
30-Jun- ll
31-Dec- l1
31-Dec-ll
31-Jul-ll
31-Aug-ll
31-May-ll
Commissioned on
21st Jan,2011
Karcham Wangtoo -Abdullapur kV 30-June-l1
LILO of 400 kV DIC Baspa - Nathpa 400
Jhakri transmission line at Wangtoo; kV
FUTURE TRANSMISSION SCHEMES WHICH HA VE BEEN FINALISED
HIGH CAPACITY POWER TRANSMISSION CORRIDOR - I
Part-A
Angul Pooling Station - Jharsuguda Pooling Station 765kV 2xS/c
LILO of Rourkela - Raigarh 400kV Dlc at Jharsuguda Pooling station
LILO of - Jeypore 400kV Sic line at Angul pooling station
LILO of one ckt of Talcher - Meramundali 400kV Dlc line at Angul pooling station
Establishment of2x1500 MVA, 765/400kV Pooling Station at Jharsuguda
Establishment of 4x1500MVA, 765/400kV Pooling Station at Angul
Part-B
Establishment of 765kV switching station at Dharamjaygarh
Establishment of2x1500 MVA, 765/400kV Pooling Station at Jabalpur
Jharsuguda Pooling Station - Dharamjaygarh (WR) 765kV D/c
LILO of Ran chi - WR Pooling near Sipat 765kV Sic line at Dharamjaygarh
Dharamjaygarh - Jabalpur Pooling Station 765kV D/c line
Jabalpur Pooling Station - Jabalpur 400 kV Dlc (high capacity) line
Palt-C
Jabalpur Pooling Station - Bina 765kV Dlc line
Bina - Gwalior 765kV Sic (3rd circuit)
Gwalior - Jaipur 765kV Sic line
Jaipur - Bhiwani 765kV Sic line
19
363
SCHEDULE-II
Pat"t-D (Under Private Sector)
Establishment of 2x1500MVA, 765/400kV Bhopal Pooling Station
labalpur Pool - Bhopal - Indore 765kV Sic
Bhopal New substation - Bhopal (M.P.) 400kV Dlc (high capacity)
HIGH CAPACITY TRANSMISSION CORRIDOR - II
In Eastern Region
Establishment of 400kV Pooling Station (Jharkhand Pool) near Essar and Corporate generation projects.
This will be a switching station without ICTs
Ranchi New (765/400kV Sis) - lharkhand Pool 400 kV Dlc line with Quad Moose conductor
lharkhand Pool - Gaya 400 kV Dlc line with Quad Moose conductor
In Northern Region
New 2x1500 MVA, 765/400 kV substation at Varanasi and Kanpur
Gaya- Varanasi 765 kV Sic
LILO of one circuit of Tillaiya - Balia 765 kV Dlc line at Varanasi
Varanasi - Kanpur 765 kV Dlc
Kanpur - lhatikalan 765 kV Sic
400kV connectivity for new 765/400kV Sis at Varanasi & Kanpur
Varanasi - Sarnath (UPPCL) 400kV Dlc (quad)
LILO of Sasaram - Allahabad 400kV line at Varanasi
Kanpur (765/400kV) - Kanpur (Existing) 400kV Dlc (quad)
In Western Region
Ranchi New (765/400kV Sis) - Dharamjayagarh 765kV Sic
Common S,trengthening Transmission System for Transfer of power from generation projects in Jharkhand
to NRlWR under the Scope of Private Sector
In Western Region ,
Dharamjaygarh - labalpur 765kV Dlc (2nd line)
Note: Associated 765kV line bays at Dharamjaygarh and Jabalpur sub-station would be under the scope of
POWERGRID
HIGH CAPACITY TRANSMISSION CORRIDOR - III
Part-A: Transmission System for development of pooling station at Kishanganj in Northern part of West
BengallBihar
LILO of Siliguri (Existing) - Purnea 400k V Dlc line( quad) at new pooling station Kishanganj
LILO of Siliguri (Existing) - Purnea 400kV Dlc line( on which reconductoring is being carried out) at
Kishanganj with the higher capacity(HTLS) conductor
LILO ofSiliguri - Dalkhola 220kV Dlc line at new pooling station in northern part of West Bengal I Bihar
LILO of Gangtok-Melli 132kV Sic line upto Rangpo pooling point, where Chuzachen-Rangpo 132kV Dlc
would be connected so as to form Chuzachen-Gangtok and Chuzachen-Melli 132kV Sic lines.
New 2x315 MV A, 400kV sub-station at Kishanganj along with associated bays.
Part-B : Transmission System for development of pooling substations within Sikkim and transfer of
power to a new pooling station Kishanganj in northern Part of West Bengal/Bihar
1.4
LILO of Teesta III - Kishanganj 400kV Dlc line(quad) at New Melli

20
364
SCHEDULE-II
Rangpo - New Melli 220kV D/c line (with twin Moose conductor)
LILO of Gangtok-Rangit 132kV Sic line at Rangpo and termination of Gangtok-Rangpo/Chujachen and
Melli - Rangpo/Chujachen 132kV lines (constructed under part-A through LILO of Gangtok-Melli 132kV
Sic line upto Rangpo) at Rangpo sub-station
LILO of Teesta V - Siliguri 400kV D/c line at New Melli
Kishanganj - Patna 400kV D/c (quad) line
Establishment of 220/132kV, 3xl00MVA Gas Insulated Substation at Rangpo
Establishment of lOx 167MVA, 1 phase, 400/220kV Gas Insulated substation at New Melli
HIGH CAPACITY TRANSMISSION CORRIDOR - IV
(Transmission System Associated with IPPs near Bilaspur complex in Chhattisgarh &
MP projects)
Transmission system
1) Indore- Vadodra 765kV Sic
2) Vadodra - Pirana 400kV D/c (Quad)
3) Establishment of 765/400kV, 2x1500 MVA substation at Vadodra
HIGH CAPACITY TRANSMISSION CORRIDOR - V
(1) Common transmission system strengthening to be implemented by POWERGRID
1) Raigarh Pooling Station (Near Kotra) - Raipur Pooling Station 765kV D/c (Initially to be operated at
400kV)
2) Champa Pooling Station - Dharamjaygarh Pooling Station 765kV Sic .
3) Champa Pooling Station - Raipur Pooling Station 765kV D/c (Initially to be operated at 400kV)
4) Raigarh Pooling Station(Near Kotra) - Champa Pooling Station 765kV Sic
5) Raigarh Pooling Station (Near Tamnar) - Raigarh Pooling Station(near Kotra) 765kV D/c (Initially to be
operated at 400kV)
6) Raigarh Pooling Station(Near Kotra) - Raigarh(PG) 400kV D/c(to be opened at later date)
7) Raipur Pooling Station - Raipur (PG)400kV D/c (to be opened at later date)
S) Raipur Pooling Station - Wardha 765kV 2xD/c (Initially 1st D/c line to be operated at 400kV)
9) Wardha - Aurangabad (PG) 765kV 2xD/c (Initially 1st Dlc line to be operated at 400kV)
10) Aurangabad(PG) - Padghe(PG) 765kV Dlc
11) Aurangabad(PG) - Khargar(MSTECL) 400kV D/c(Quad)
12) Padghe(PG)- Padghe(MSTECL) 400kV D/c(Quad)
13) 600kV, 4000MW HVDC bipole between Raigarh Pooling Station(Near Kotra) - Dhule(PG)
14) Vadodara - Asoj(GETCO) 400kV D/c(Quad) .
15) SOOkV, 3000MW HVDC bipole between Champa Pooling Station Kurukshehtra(NR) with provision to
upgrade to 6000MW at a later date
16) Dhule(PG) - Dhule(New) 400kV 2xD/c(Quad)
17) Establishment of 765/400kV 4x1500MV A Raigarh Pooling Station(near Kotra) (the Pooling station shall be
initially at 400kV andJater upgraded to 765kV with indicated transformation capacity)
IS) Establishment of 765/400kV Raigarh Pooling Station(near Tamnar) (the Pooling station shall be initially at
400kV and later upgraded to 765kV level)
19) Establishment of 765/400kV 3x1500MVA Champa Pooling Station(the Pooling station shall be initially at
400kV and later upgraded to 765kV with indicated transformation capacity)
20) Establishment of 765/400kV lx1500MV A Raipur Pooling ' Station(the Pooling station shall be initially at
400kV and later upgraded to 765kV with indicated transformation capacity)
21) Establishment of 4000MW 600KV HVDC bipole terminal each at Raigarh Pooling station(near Kotra) and
Dhule(PG) respectively. .
22) Establishment of 3000MW SOOKV HVDC bipole terminal each at Champa Pooling station and
Kurukshetra(NR) respectively (provision to upgrade the terminals at 6000MW at a later date).
23) Establishment of 765/400kV 2x1500MVA Padghe(PG) Sis
24) Establishment of 765/400kV 2x1500MVA Aurangabad(PG) Sis
25) Strengthening in Northern region
21
365
SCHEDULE-II
Kurukshetra(NR) - Jallandhar 400kV D/c(Quad) one ckt. via 400/220kV Nakodar Sis
LILO of Abdullapur - Sonepat 400kV D/c(triple) at Kurukshetra
Establishment of 400/220kV 2x500 MY A Sis at Kurukshetra
(2) Common transmission system strengthening under tariff based competitive bidding
I) Aurangabad(PG) - Dhule (New) 765kV Sic
2) Dhule (New) - Vadodara 765kV Sic
3) Establishment of 765/400kV, 2x1500MVA Dhule(New) Sis
4) Dhule (New)-Dhule (MSETCL) 400kV D/c (Quad)
5) Dhule(New) - Malegaon (MSETCL) 400kV D/c(Quad)
6) Dhule(New) - Nasik(MSETCL) 400kV D/c(Quad)
HIGH CAPACITY TRANSMISSION CORRIDOR - VI
a. Establishment of 765/400 kY, 2x1500 MVA pooling station at Nellore by LILO of Simhapuri-Nellore 400
kV D/c quad line
b. Nellore Pooling station - Kurnool 765 kV 2xS/c line
c. Kurnool - Raichur 2
nd
765 kV Sic line
d. Associated 765 kV & 400 kV bays at Nellore Pooling station, Kurnool and Raichur stations.
HIGH CAPACITY TRANSMISSION CORRIDOR - VII
a. Establishment of 765 kV pooling station in Tuticorin and Salem (initially charged at 400 kV)
b. LILO of both circuits of Tuticorin JV - Madurai 400 kV D/c (quad) line at Tuticorin Pooling Station
c. Tuticorin Pooling station - Salem Pooling station 765 kV D/c line initially charged at 400 kV.
d. Interconnection of Salem pooling station with existing Salem 400/230 kV substation through 400 kV D/c
(quad) line.
e. Salem pooling station - Madhugiri pooling station 765 kV Sic initially charged at 400 kV.
HIGH CAPACITY TRANSMISSION CORRIDOR - VIII
a) Establishment of 765/400 kV Pooling station in Srikakulam area with 2x1500 MVA, 765/400 kV
transformer capacity
b) Srikakulam Pooling Station - Angul 765 kV D/c
c) Provision of Ix1500 MVA, 765/400 kV substation at Angul.
d) Angul - Jharsuguda - Dharamjaigarh 765 kV D/c
e) Associated 400kV bays at Srikakulam & Angul substations
f) Associated 765 kV bays at Angul, Jharsuguda & Dharamjaigarh substations.
HIGH CAPACITY TRANSMISSION CORRIDOR - IX
a. Sholapur - Pune 765 kV 2nd Sic (lst circuit already covered under transmission associated with
Krishnapatnam UMPP).
b. Establishment of 2xlOOOMVA 765/400 kV station at Orai by LILO of one circuit of Satna - Gwalior 765
kV line.
c. Establishment of 2x1500MV A 765/400 kV station at Bulandshahar by LILO of Agra - Meerut 765 kV line.
d. Establishment of 2x1500MV A 765/400 kV station at Sonipat by LILO of Bhiwani - Meerut 765 kV line.
e. Jabalpur Pooling station - Orai 765 kV Sic line.
f. Orai - Bulandshahar - Sonipat 765 kV Sic line.
g. Orai-Orai (UPPCL) 400kV D/c Quad - ' 20 km
h. Sonipat-Kurushetra 400kV D/c (Quad)- 120 km
d;
22
366
SCHEDULE-II
i. Sonipat (New) - Sonipat (Under Construction) 400kV D/c (Quad )- 20 km
j. Bulandshahr - Hapur (UPPCL) 400kV D/c (Quad) - 40 km
TRANSMISSION SYSTEM ASSOCIATED WITH CHHATTISGARH UMPP
(i) Chhattisgarh UMPP- Jabalpur Poling Station 765kV D/c
(ii) Chhattisgarh UMPP- Champa Poling Station 765kV D/c
(iii) Jabalpur Poling Station - Bhopal 765kV D/c
(iv) Bhopal - Indore 765kV 2
nd
Sic
(V) Indore - Vadodra 765kV 2
nd
Sic
(vi) Jabalpur Pool- Damoh 400kV D/c
(vii) Vadodra- Karamsadl alternative location 400kV D/c (Quad)
(viii) LILO of Ranchi - Sipat 400kV D/c line at Chhattisgarh UMPP 400kV
(ix) Establishment of 2xlOOO MVA, 765/400kV substation at Chhattisgarh UMPP(under the scope of
generation developer)
(x) Augmentation of transformation capacity at 765/400kV Indore and Vadodra Substation each by
lx1500 MVA
TRANSMISSION SYSTEM ASSOCIATED WITH ORISSA UMPP/ORISSA Ph-II IPPs
Eastern Region Portion
(i) 800 kV, 6000 MW HVDC Bi-Pole line from Angul to Bulandshahar (shared with Orissa IPP
Phase-II)
(ii) 6000 MW HVDC Terminal each at Angul & Bulandshahar
(iii) Orissa UMPP - Jharsuguda 765kV D/c line.
(iv) Split Bus arrangement at Jharsuguda 765kV level
(v) Disconnection of Rourkela-Raigarh LILO arrangement at l harsaguda.
(vi) New 4x1500MVA, 765/400kV substation at Dhenkanal.
(vii) LILO of Angul - lharsuguda 765kV 2xS/c at Dhenkanal.
(viii) Angul- lharsuguda- Dharamjaygargh 765 kV D/c line (shared with SR IPPs in AP).
Northern Region Portion
(i) Bulandshahar - Location near border of Haryana/Punjab near Ambala 765 kV D/c
(ii) Location near of HaryanaiPunjab near Ambala - Malerkotla 400 kV D/c
(iii) Bulandshahar - Neemrana 400 kV D/c
(iv) LILO of Meerut - Moga 765 kV Sic line at Bulandshahar
(v) Establishment of 2x150D MV A, 765/400 kV substation at Location near boarder of
HaryanaiPunjab near Ambala (GIS)
Establishment of2x1500 MVA, 765/400 kV substation at Bulandshahar
TRANSMISSION SYSTEM ASSOCIATED WITH CHHATTISGARH Ph-II IPPs .
(i) Upgradation of 800kV, 3000MW HVDC bipole between Champa Pooling Station -
Kurukshehtra(NR) to 6000MW along with other IPPs in Chhattisgarh
(ii) Kurukshetra(NR) - lind 400kV D/c(Quad)
(iii) Kurukshetra(NR) - Suitable location near Ambala 400kV D/c(Quad)
(iv) 765/400kV transformer augmentation by 2x1500 MVA at Champa pooling station
TRANSMISSION SYSTEM ASSOCIATED WITH IPPs IN MAHARASHTRAIMP
(i) labalpur- Orai - Bulandshahar 765kV D/c (one ckt)
(ii) Sonepat-Kaithal 400kV D/c (Quad)
23
367
SCHEDULE-II
TRANSMISSION SYStEM ASSOCIATED WITH NEW IPP GENERATION
PROJECTS IN VEMAGIRI
(i) Establishment of 765/400kV GIS Pooling station at Vemagiri with 4x1500 MY A
(ii) LILO of Gazuwaka - Vijayawada 400kV Sic line at Vemagiri Pooling Station for initial
integration with SR grid and which later shall be bypassed
(iii) Establishment of 765/400kV GIS Pooling station at Khammam & Hyderabad with 2x1500 MVA
transformers each
(iv) Hyderabad 765/400 kV Sis - Hyderabad (existing) 400 kV D/c (quad) line
(v) Khammam 765/400 kV Sis - Khammam (existing) 400 kV D/c (quad) line
(vi) Hyderabad - Wardha 765 kV D/c line
(vii) Vemagiri Pooling Station - Khammam 2x765kV D/c line
(viii} Khammam - Hyderabad 2x765 kV D/c line
(ix) Wardha - Jabalpur Pooling station 765 kV D/c
TRANSMISSION SYSTEM ASSOCIATED WITH NEW IPP GENERATION
PROJECTS IN NAGAP ATTINAM / CUDDALORE
(i) New 765/400kV Pooling station at Nagapattinam (GIS) with 4x1500 MVA transformers
(ii) Charging of Narendra - Kolhapur 765kV D/c line at its rated voltage
(iii) New 765/400kV Pooling station each at Narendra (GIS) and Kolhapur(GIS) with 2x1500 MVA
transformers
(iv)Provision of2x1500 MVA, 765/400 kV transformers each at Madhugiri and Salem
(v) Charging of Salem - Madhugiri 765 kV Sic line - 1 (planned with Tuticorin LTOA projects) at
~ ~ w ~ ,
(vi) LILO of Neyveli - Trichy 400kV Sic line at Nagapattinam Pooling Station for interim
arrangement which later shall be bypassed.
(vii) Nagapattinam Pooling Station - Salem 765kV D/c line
(viii) Salem - Madhugiri 765 kV Sic line
(ix) Madhugiri - Narendra 765kV D/c line
(x) Kolhapur - Padghe 765 kV D/c one circuit via Pune.
, Dedicated Systems to be build by POWER GRID for Connectivity as part of coordinated
transmission planning
1. Thermal Powertech - Nellore Pooling Station 400 kV Quad D/c line
Two nos. of 400 kV bays Nellore Pooling station ofPOWE;RGRID
2. 400 KV Salaya TPS-Bachau D/c (Triple line)
3. Chitrangi TPP-Vindhyachal Pooling station 765 kV DIC line
4. Anuppur h e r m ~ of MBPMPL )-Jabalpur Pooling Station 400k V Die (Triple)
/
24
368
LIST OF ASSETS APPROVED IN RPCs FOR IMPLEMENTATION
TRANSMISSION SYSTEM IN NORTHERN REGION
A. Northern Regional System Strengthening Scheme - XXIV
1. Dehradun-Abdullapur 400 kV Dlc (Quad)
2. Dulhasti - Kishenpur 400 kV Dlc (Quad) - Initially only one ckt to be strung. Stringing of 2nd
ckt to be taken up later with additional generation
3. Two nos. of 63 MY AR line reactors on Barh - Balia 400 kV Dlc line at Balia end
B. Augmentation of 220/132 kV Transformation Capacity at Raibareilly (POWERGRID) by lxl00 MVA
Transformer
C. Tr. System associated with Tilaiya UMPP (4000 MW) in Jharkhand:
1. Tilaiya - Balia 765 kV D/C line
2. Tilaiya UMPP -Gaya, 765kV SIC line.
D. System Strengthening
(i) Procurement of 03 No. additional spare transformers
(ii) Provision of 01 No. Bus Reactor(80 MVAR) each at NJHPS & Rampur HEP.
(iii) System Protection Schemes (SPSs) in Northern Region
(iv) Installation of 4000 KM OPGW based communication network for connecting the new and
existing sub-stations/generating stations of Central Sector.
(v) One No. additional 315 MVA, 400/220kV ICT at Abdullapur Substation
(vi) One No. additional 315 MVA, 400/220kV ICT at Amritsar Substation.
E. Augmentation of transformation at Abdullapur and Amritsar
(i) Abdullapur Sis - 1x315 MVA, 400/220 kV ICT
(ii) Amritsar Sis (PG) - 1x315 MVA, 400/220 kV ICT
F. Transmission system for SingrauJi-III TPS (500 MW)
(i) Singrauli-Allahabad 400kV Sic *
(ii) Allahabad-Kanpur 400kV Dlc
*
Singrauli-Allahabad line, about 50 km section is Sic strung on Dic towers and in view of severe ROW
constraint at Singrau/i, the proposed Singrauli-Allahabad 400kV Sic would be strung on the above Dic
towers wherever possible. Balance portion would be developed as Sic line.
G. Transmission system associated with Meja TPS
(i) Meja-Allahabad (POWERGRID) - 400 kV Dlc
H. Transmission system for RAPP-7&8 (2x700 MW)
(i) RAPP - Jaipur (South) 400 kV Dlc line of which one circuit to be LILOed at Kota
I. Northern region system strengthening Scheme - XXV
(i) Jaipur (RVPN) - Bhiwani 765kV Sic (2nd)
(ii) Bhiwani (PG)-Hisar 400kV Dlc
(iii) LILO of Moga-Bhiwadi 400kV Dlc at Hissar
(iv) One no of 400kV line bay at Kota (PG) for termination of Anta-Kota line ofRRVPNL.
J. Northern Region System Strengtheing Scheme - XXVI
~
25
369
(i) Meerut-Moga 765kV Sic
The line would be constructed with polymer insulators.
K. Northern region system strengthening Scheme - XXVII
(i) LILO 400 kV Dehar-Bhiwani at 400 kV Rajpura
(ii) Dehar-Panipat LILO at 400 kV Panchkula (PG)
(iii) One no of 400kV line bay at Kota (PG) for termination of Anta-Kota line ofRRVPNL
L. Northern Region System Strengtheing Scheme - XXVIII
(i) Extend one 400 kV Die (Quad) Biharshariff-Sasaram line to Varanasi, Bypassing Sasaram.
(ii) LILO of Gaya-Fatehpur 765kV Sic at Varanasi.
(iii) Sasaram-Sarnath 400kV Sic may be through HVDC back to back.
(iv) Sasaram-Allahabad circuit may be from ER bus
(v) Adequate reactive compensation
M. 1x80 MV AR Bus reactor at Rihand
TRANSMISSION SYSTEM IN WESTERN REGION
A. Transmission system for evacuation of Kakrapar Atomic Power Project unit 3 &4 (2X700 MW)
(i) . Kakrapar NPP - Navsari 400kV Dlc
(ii) Kakrapar NPP - Vapi 400kV Dlc
B. Transmission System associated with Mauda Stage-II (2x660 MW)
(i) , Mauda II - Suitable location near Chindwara 400KV Dlc (Quad)
(ii) Suitable location near Chiildwara- Khandwa 400KV Dlc (Quad)
(iii) Khandwa - Rajgarh 400kV Dlc (2nd)
(iv) Establishment of 400/220kV 2X500MVA substation at a suitable location near Chindwara
TRANSMISSION SYSTEM IN EASTERN RE,GION
A. Eastern Region Strengthening Scheme - IV
1. Additional 1X160 MVA, 220/132 kV Transformer with associated bays at 220/132kV Siliguri
Substation
2. Replacement of 1X50MVA, 220/132 kV Transformer by 1X160MV A, 220/132kV Transformer and
associated bays at 220/132kV Birpara Substation
3. Replacement of 2X50MV A, 2201132 kV Transformer by 2X160MV A, 2201132kV Transformer and
associated bays at 400/2201132kV MaIda Substation
4. Installation of additional Bay/Breaker against 400kV Malda-Farakka-I feeder at MaIda Substation
5. 125 MVAR Bus Reactor alongwith associated bays at Ranchi 400/220kV Sis
6. 125 MVAR Bus Reactor alongwith associated bays at Patna 400/220kV Sis
B.
1.
N abinagar-II( 3 X 660 MW)
KV Die line with
26
370
2. Nabinagar-II-Patna 400 KV D/C line with Quad Moose Conductor
3. Additional 1 x 1500 MY A, 765/400 KV ICT at Gaya
C. Spare Transfromer
1. 2 nos. 315 MVA 4001220 kV ICTs
2. 1 no. 160 MVA 2201132 kV ICT
3. 1 no. 50 MVA 220/132 kV ICT
4. 1 no. 50 MY A 132166 kV ICT
D. System Strengthening in ER (ER SS - V)
(i) Establishment of 400/220 kV, 2X500 MVA Rajarhat substation with LILO of Subhashgram -
Jeerat 400kV Sic line
(ii) Rajarhat-Purnea 400 kV Dlc line (triple snowbird), with LILO of one circuit at Gokarna and
other circuit at Farakka.
E. Eastern Region Strengthening Scheme-III
a) 400kV D/C line Sasaram -Daltonganj
b) Daltonganj 400kV SIS, 2x315 MVA.
c) 400/132kV, 2x200MVA SIS near Lakhisarai with LILO of both circuits of one of the 400kV D/C line
Kahalgaon-Biharshariff
and space provision for 3rd transformer and 4 nos. of 132kV line bays.
d) 400/132kV, 2x200MVA SIS at Banka in Bihar with LILO of both circuits of 400kV Kahalgaon-
Biharshariff D/C line
Wne not to be LILO at Lakhisarai SIS) and provision of 4 nos. 132kV line bays.
e) Establishment of 400/220kV SIS at Bolangir by LILO of Meramundali-Jeypore 400kV SIC line.
f) Establishment of 400/220kV SIS at Keonjhar by LILO of 400kV SIC li ne Rengali-Baripada.
g) Establishment of 400/220kV -SIS at Sundargarh by LILO of both circuits of the existing Talcher-
Rourkela 400kV D/C line . .
i) LILO of one circuit of the 400kV Baripada-Mendhasal D/C line at Dubri for providing 2nd feeder to
Dubri 400kV SIS of OPTCL.
j) Establishment of 400/220kV Chaibasa SIS and LILO of one circuit of 400/220kV cqaibasa.
TRANSMISSION SYSTEM IN SOUTHERN REGION
A. System Strengthening for Southern Region - XIII
1. Establishment of new 400/220KV substation at Madhugiri with 2* 500MVA transformers and with
provision of establishing a 765/400KV SIS in the same switchyard. Upgradation of Madugiri SIS to
765KV level establishing 765/400KV part woulgd be associated with transmission system for IPP
generation projects in SR
2. 400KV Gooty-Madhugiri D/C line
3. Madhugiri - Yelahanka 400kV D/C Quad line
B. Hosur -Electronic City 400KV D/C line
C. System Strengthening in Southern Region
L Salem - Somanahalli 400kV Quad D/C line as e regional strengthening scheme as it would ease the
transmission constraints between S 1 & S2 areas
2. 1x315 MVA 400/220kV Transformer Augmentation at Hosur 400/230 kV SIS (Cost of which to be
born by Tamilnadu only)
27
371
3. North Trissur - Kozhikode 400kV Quad D/C line
D. One No. 400/220KV 315MVA ICT & One No. of 80MVAR shunt reactor as spares for entire SR
E. System Strengthening in SR (SRSS - XVII)
(i) Establishment of New 765kV substation each at Narendra (GIS) and Kolhapur (initially charged
at 400kV)
(ii) Narendra (GIS) - Kolhapur (new) 765kV D/C line (initially charged at 400kV)
(iii) LILO of both circuits of Kolhapur - Mapusa 400 kV D/C line at Kolhapur (new)
(iv) Narendra (GIS) - (existing) 400 kV Dlc Quad line.
F. Transmission system associated with Kalpakkam Fast Breeder Reactor
i) KPFBR-Kancheepuram 230KV bc
ii) KPFBR-Arni 230KV DC
iii) KPFBR-Sirucheri 230KV DC
iv) KPFBR-MAPS 230KV DC - cable link *
* Not an evacuation line, a requirement of Project Authority, cost to be borne by BHA VANI
G. Transmission system associated with North Chennai JV project
i) LILO of 400KV Almathy-Sriperumbudur line at Chennai JV TPS
C. Transmission System associated with South-West Interconnection
i) Narendra-Kolhapur 400KV D/C line
ii) Establishment of 1000MW HVDC B-B link at Kolhapur
along with bay extensions at Narendra & Kolhapur
iii) LILO of both circuits of 400KV Kolhapur-Mapusa line at the HVDC Stn
H. System Strengthening Scheme -X of SR
i) LILO of both circuits of 400KV Nelamangala -Somanahally D/C line at 400KV Bidadi GIS sis
ii) 400/220 KV Bidadi GIS substation
I. System Strengthening Scheme - IX of SR
\.
i) 400KV Hassan- Mysore D/C line alongwith bay extensions ta Hassan and Mysore(100km)
J. Tuticorin Associated Transmission System
i) 400KV Tuticorin-Madurai D/C Quad line
K. System Strengthening Scheme - XI of SR
i) 400/220KV substation at Chuliar(Palakkad) with 2 x 315 MV A transformers
ii) LILO of both circuits of 400KV Udumalpet-Madakathera(North Trissur) at Chulilir
,) \ .:.
28
372
r
I
iii) 1 x 63 MV AR bus reactor at Chuliar SIS
L. Transmission System associated with Simhadri Expansion project
i) LILO of 400KV Gazuwaka-Vemagiri D/C line at Simhadri Expansion project.
M. System Strengthening Scheme at Yelahanka - XII
i) 400KV GIS and 220KV AIS at Yelahanka with 7x167 MVA transformers at Yelahanka
ii) LILO of both circuits ofNelamangala-Hoody line at Yelahanka
iii) LILO of both circuits of 400KV Somanahally-Hoody line at Yelahanka.
iv) Ten no.of220KV bays at Yelahanka
N. System Strengthening Scheme for Vallur TPS
i) Vallur TPS_Almathy 400KV D/C line
ii) Vallur TPS- Melakottiyar(Kalavindapattu) 400KV D/C line
iii) Thiruvalam-Chittoor 400KV D/C Quad Line.
iv) Thiruvallam 765/400KV SIS. ( Initially 400KV part of the SIS will be built & Chittor-
Thiruvallam
TRANSMISSION SYSTEM IN NORTH-EASTERN REGION (under various stages of
implementation)
\
A. Doyang Transmission
i) LILO of 220 kV D/C Kopili - Samaguri at Misa.
(ii) LILO of l32 kV D/C Mariani - Dimapur at Dimapur.
B. ' ATS aQ.d System strengthening of Inter-statelRegional System proposed under POWERGRID
scope of works. (Pooled System of NER)
l.
(i) Transmission Line .
BTPS (NTPC) - Bongaigaon (POWERGRID) 400 kV D/C Line.
Silchar 400 kV Substation - Badarpur (PG) 132 kV Sw. Stn. Interconnecting l32 kV
D/C Line.
Pallatana - Surajmani Nagar (TSECL) 400 kV D/C Line (charged at l32 kV).
Silchar - Purba Kanchan Bari (TSECL) 400 kV D/C Line (charged at 132 kV).
Silchar - Melriat New (PG) 400 kV D/C Line (charged at l32 kV).
*

Melriat (Aizwal) New (PG) - Melriat (Aizwal) SIS interconnecting l32 kV D/C Line
Silchar - Impl)al New (PG) 400 kV D/C Line (charged at l32 kV)
LILO of l32 KV Loktak - Ninthokung - Imphal (Manipur) Line at Imphal
POWERGRID (new/extended) Substation.
Mariani New 220 kV Sw. Stn. (PG) - Mokokchung (PG) 220 kV D/C Line
Mokokchung (PG) - Mokokchung (NagaI and) inter connecting 132 kV D/C Line.
l32 kV Pasighat - Roing - Tezu - Namsai Line.
Silchar 400 kV Substation - Srikona (AEGCL) 132 kV Sis Interconnecting 132 kV
D/CLine.
Silchar 400 kV Substation - Hailakandi (AEGCL) l32 kV S/Stn. Interconnecting l32
kV D/C Line.
29
373
(ii) Substation
2 x 200 MV A, 400/132 kV Substation at Silchar.
*
*
132 kV Substation at Melriat New (PG) upgradable to 400 kV Sis with 7 x 10 MVA,
132/33 kV.
*
132 kV Substation at lmphal New (PG) upgradable to 400 kV Sis with 2 x 50 MVA,
132/33 kV.
*
New 220 kV Switching station at Mariani (PG) by LILO of one circuit of
Kathalguri - Misa 220 kV line.
*
*
*
*
New 220/132 kV Substation at Mokokchung (PG) with 7 x 10 MY A 220/132 kV.
2 x12.5 MVA, 132/33 kV Substation at Roing.
2 x12.5 MVA, 132/33 kV Substation at Tezu.
2 x 12.5 MVA, 132/33 kV Substation at Namsai.
C. NER transmission system for Subansiri Lower and Kameng.
(Transmission charges to be pooled with in the Regional System of NER)
(a) 2
nd
315 MVA, 400/220 kV ICT at Misa (to be covered under Kameng ATS Scheme).
(b) Biswanath Chariyali (PG) - Biswanath Chariyali (AEGCL) 132 kV D/C inter connecting line
(to be covered under NER-NRlWR inter connector scheme).
(c) 2 x 200 MVA, 400/132/33 kV transformers at Bishwanath Chariyali (to be covered under inter
connector scheme).
D. A TS/Inter - Regional System for Subansiri Lower and Kameng HEPs:
(a) Transmission system for immediate evacuation of power from Subansiri Lower.
(Transmission charges to be shared by the beneficiaries of Subansiri Lower in
proportion to their allocations from the generation project.)
2 x 400 kV D/C Lower Subansiri - Bish!Vanath Chariyali Transmission Lines (twin lapwing)
(b) Transmission system for immediate evacuation of power from Kameng
Transmission charges to be shared by the beneficiaries of Kameng in proportion to their
allocations from the generation project.)
(i) 400 kV D/C Kameng - Balipara Transmission Line
(ii) 400 kV D/C Balipara - Bongalgaon Transmission Line (Quad conductor) with 30%
Fixed Series Compensation at Balipara end.
E. North -East - NorthernlWestern Interconpector-I
(i) +1- 800 kV, 6000MW HVDC Bi- Pole Bishwanath Chariyali - Agra Line
(ii) 400 kV D/C Balipara - Bishwanath Chariyali Transmission Line
(iii) LILO of 400 kV D/C Ranganadi - Balipara Transmission Line at Bishwanath
Chariyali.
(iv) Establishment of Pooling Station at Bishwanath Chariyali
(v) HVDC rectifier module of 3000 MW at Bishwanath Chariyali.
(vi) HVDC inverter module of 3000 MW capacity at Agra.
(vii) Augmentation of 400 kV Agra Substation by 1 x 315 MY A.
Note: Above list is in accordance with the schemes agreed in the standing committee
and respective RPCs of the region. In case of any discrepancy/inadvertent
omission, the decision of the respective Standing CommitteelRPCs shall prevail.
30
374
Schedule" (1.2)
[Western Region
A) Gujarat (GETCO)
R f I I a mg, vo atge eve
72.41 Vapi(PG)- Vapi(GETCO) 220kV
117.12 Vapi(PG) - Bhilad (GETCO) 220kV
141.78 Vapi(GETCO)- Bhilad(GETCO) 220kV
239.82 Vapi(PG)- Bhilad(GETCO) D/C 220kV
B) Maharashtra (MAHATRANSCO)
R f I I t a mg, vo a[ge eve
165.89 Chandrapur- Parli 400kV
356.02 Chandrapur- Parli Ole 400kV
376.76 Parli-Solapur 400kV
370.20 Solapur- karda 400kV
162.87 ICT at Karad 400/220kV
282.02 Karad- Kolhapur 1 &2 400kV
279.87 Karad- Kolhapur 3&4 400kV
27.77 Kolhapur- Amona 220kV
36.45 Kolhapur- Amona 220kV
I Northern Region
A) UPPTCI
Ratin
B PDD J&K
ur 1& "
220kV
220kV
220kV
375
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377
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379
380
381
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383
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385
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389
390
391
392
393
394
395
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397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
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