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Bajaj Energy IPO
Bajaj Energy Ltd.
Bajaj Energy IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| To be announced | -- | -- | -- |
| Issue Size | IPO Doc |
|---|---|
| 0 | DRHP PDF |
About Bajaj Energy
Founded in
2008
Managing director
Vinay Kumar Singh Bankoti
Parent organisation
Bajaj Energy Ltd.
Strengths & Financials of Bajaj Energy
Strengths
Risks
One of the largest independent power producers in Uttar Pradesh.
Principal fuel supplier is Central Coal Fields Ltd., a subsidiary of Coal India Ltd.
Well-positioned in Uttar Pradesh to capitalise on the state's demand.
All assets are based in Uttar Pradesh. Uttar Pradesh is one of the largest and most densely populated states in India.
Operational power plants have a gross capacity of 2,430 MW. This according to the draft red herring prospectus published in 2019.
Most of the income is derived from electricity sales to one customer: Uttar Pradesh Power Corporation Ltd. (UPPCL).
As per DRHP, LPGCL is involved in disputes with UPPCL for tariff payment.
Has not been compliant with certain loan agreements in the past resulting in default
Faces fuel supply risks despite having entered into long-term agreements. BEL primarily relies on coal sourced from subsidiaries of Coal India.
Operations carry risk of environmental damage.
Unavailability of appropriate infrastructure could impact the delivery of coal. Heavy dependence on railway infrastructure and road infra for coal.
Tariffs subject to regulatory scrutiny by the Uttar Pradesh Electricity Regulatory Commission (UPERC)
As per DRHP, the final tariff for LPGCL has not been approved by UPERC.
Majority of the land are under lease agreements and inability to renew the agreement or termination of the agreement could impact revenue and operations.
Financial results subject to seasonal variations.
Operations could be affected by strikes or increased wage demands by the employees.
Bajaj Energy Financials
*All values are in Rs. Cr
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