SBU - Power & Metals

Closing Projects Dt: 16th Jul 2024

Projects
1. NTPC Lara [Link] Burnpur
Support Required
2. NTPC Darlipalli [Link] Donimali
3. NMDC Nagarnar [Link] Ramagundam
4. AGN Bokaro [Link] SMS #2
5. HMDS Bokaro [Link]
6. RINL COB-5 [Link] Township
7. IPPL Bhilai
8. Water Package Bhilai
9. NTPC KPTM
[Link] CRM 340065

2
 Project Closure Status - Client
Sl. No. Description FY’25 Arbitration Demobilised WIP Status

1 NTPC Lara (100040) 1 1 Final amendment in process. Conditional closure received.

2 NTPC Darlipalli (100041) 1 1 PG test to be done for balance WT
3 RINL COB-5 (700023) 1 1 PrAC received. Liquidation of punch points is in progress
4 RINL SMS-2 (300036) 1 1 Site closed. Release of BG under process.
Bhilai - Water Package
5 1 1 Site closed, All BGs & payments received.
(810001)
Site closed, CPBG released, FAC payment received against BG.
6 Bhilai - IPPL Package (700012) 1 1
Insurance charges Bill submitted for extended period
7 NMDC Nagarnar (700014) 1 1 PCI & TRT commissioning work in progress for PG test
Site closed, CPBG & payments received. BG & Insurance claim
8 AGN Bokaro (700022) 1 1
submitted for extended period. Arbitration award received.
All BGs released. CC & PG certificate with payment received. FAC
9 HMDS Bokaro (700006) 1 1
compliances are in progress. BG & Insurance claim yet to be billed.
10 IISCO Burnpur (700010) 1 1 Under Sec 34
11 NMDC Donimali (700013) 1 1 Sec 34 by both the parties
43.5 Cr Arbitration award received in favour of TPL and amount
12 BHUSAWAL Mahagenco 1 1
collected against BG, under Sec 34
13 NTPC Ramagundam 1 1 Under Arbitration

14 TSL KPO CRM 1 Physical completion by Sep-24 and DLP – 12 months

15 APPDCL-KPTM STAGE-II 1 Proceeding to Arbitration

16 Naomundi Township
Total 5 8 9 6
NTPC Lara Dt: 16th Jul 2024
 Dt: 16th Jul’2024
Executive Summary- Lara
1 Brief Scope 3 Schedule & LD
Engineering, Procurement, Construction and Commissioning Contractual start date 26-Aug-2014
Scope of Work (Brief Description)
of Coal Handling Plant
Original Contract duration (in Months) 25-Jun-2017 (34)
Capacity 2 X 800 MW
Location Lara Forecast Duration (in Months) Closed
Customer NTPC
POCM % 99.1%
Type of Contract EPC

Original Contract Value (INR Cr) 326.12 Cr CB Margin % 1.9% [Link]./Delays(Max Value in INR Cr) 16.3 (5%)
[Link]./Performance(Max Value in INR Cr) 81.5(25%)
Total Contract Value (INR Cr) 322.40 Cr CTC Margin % -33.1%
[Link]./Overall completion(Max Value in INR Cr
Bonus (in INR Cr)
2 Key Highlights

COF Unit-I 23.08.2018 4 Team

COF Unit-II 23.05.2020 Responsible
Business Unit Power and Metals
BGs Received
Operations Head Paskaran N
CCPs 10 received out of 13 nos
Project Manager Sowjanya M
RCM Mukesh Kumar Jha
Planning Manager Naresh L

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 Dt:16th Jul’2024
Balance Works - Lara

[Link] Description of Action Point Present Status Support Required

Target Date Responsibility

CCP-01 Certificate of Final Amendment It is under discussion with NTPC for 20.09.2024 Sowjanya /Surya - TPL
to the Contract finalization (Rebate on RDSO approval
deviation for track hopper and supply of
mandatory spares)

CCP-09C Customs Reconciliation File with Customs Audit and under final 30.07.2024 PREMIER CLEARING AGENCY
Certificate of Imported Supply process (Clearance from Nava Siva port PVT LTD
expected 19.07.2024)
CCP-11 No Demand Certificate by Will be submitted after completion of 30.09.2024 Sowjanya /Surya - TPL
Contractor above two CCPs

6
 Dt:16th Jul’2024
Financial Progress - Lara ₹ in
Cr
Billed/
Description Total Balance Remarks
Incurred
Contract Value 326.12 Support Required
Claims+Variations -3.72
Claims in Arbitration
TCV 322.40 320.81 1.59 To be finalised along with order amendment CCP1
CTC 429.13 425.87 3.26

Trade Receivable 0.09

Retn Receivable 3.01 1.29 Cr as NTPC books. TPL books to be adjusted
Adv from Customer 0.09

Trade Paybles 3.61

Adv to Vendor 0.19

UBR/(AB) 0/ 2.34
Inventory 0.00
GCA 6.06
NWC -2.71

BGs 0.00 All BGs received

Note: Client billing – No balance billing.

7
SBU - Power & Metals

NTPC Darlipali Dt: 16th Jul 2024

 Dt: 16th Jul’2024
Executive Summary- Darlipali
1 Brief Scope 3 Schedule & LD
Engineering, Procurement, Construction and Commissioning Contractual start date 03-Feb-2015
Scope of Work (Brief Description)
of Coal Handling Plant
Original Contract duration (in Months) 02-Nov-20217 (34)
Capacity 2 X 800 MW
Location Lara Forecast 31-Dec-2024
Customer NTPC
POCM % 99.1%
Type of Contract EPC

Original Contract Value (INR Cr) 376.81 Cr CB Margin % 2.0% [Link]./Delays(Max Value in INR Cr) 18.8 (5%)
[Link]./Performance(Max Value in INR Cr) 94.2(25%)
Total Contract Value (INR Cr) 424.48 Cr CTC Margin % -15.2%
[Link]./Overall completion(Max Value in INR Cr
Bonus (in INR Cr)
2 Key Highlights
COF Unit-I 01.03.2020

COF Unit-II 01.09.2021 (Part Facilities) 4 Team

HVAC system Completed on 08.02.2024 Responsible
Business Unit Power and Metals
Downcomer Piping Completed on 10.02.2024
Operations Head Paskaran N
Conveyor bottom & High rise TPs Painting Completed 08.02.2024
Project Manager Sowjanya M
CCP-8 – Store Clearance certificate Received on 24.06.2024
RCM Mukesh Kumar Jha
CCP-10 – HR Clearance certificate Received on 19.03.2024
Planning Manager Naresh L
CCP-12 EIC Cleared. Certificated awaited
CCP-7 - PG test certificate Conditional certificate received (except WT)
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 Dt:16th Jul’2024
Balance Works - Darlipali
[Link] Description of Action Point Present Status Target Date Responsibility

I WT -1 & 2 & PG Test Support Required

P&I checks completed, empty and loaded
wagon unloading demonstration completed.
Rake Unloading
Following jobs to be done for rake
unloading and PG test.
Dozer/JCB entry is not available to clear the
a Dozer/JCB entry 02-Aug-2024 NTPC
boulders during rake unloading.
Load cell frame grouting completed. Load
Load cell Calibration: TPL
b Load cell calibration cell calibration will be completed subjected 07-Aug-2024
Empty Wagon: NTPC
availability of testing wagon (31-Jul-2024)
c Deflector Plate erection Deflector plate erection completion 31-Jul-2024 TPL
As per NTPC all hydraulic drives are
operated in every 15 days, however before
giving rake clearance healthiness of
NTPC, TPL along with
d Hydraulic Drives hydraulic equipment need to be checked and 31-Jul-2024
service personnel
necessary adjustments to be done to fine
tune in order to achieve the desired set
values.
After completion of Dozer/JCB entry one full 05-Aug-2024
e Full rake required NTPC
rake is required for PG test.

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 Dt:16th Jul’2024
Balance Works - Darlipali
[Link] Description of Action Point Present Status Target Date Responsibility

II WT#3 & PG Test Support Required

Dozer/JCB entry is not available to clear the boulders
a Dozer entry 02-Aug-2024 NTPC
during rake unloading.
Before starting the hydraulic system, pipeline oil
Main drive, clamping circuit and
b flushing to be done as the oil system is not in 05-Aug-2024 NTPC
SAC Hydraulic piping flushing
operation since long.
To be take up after Hydraulic system healthiness and 16-Aug-2024 NTPC, TPL along with
c P&I Checking
pipe line flushing completion service personnel
Load cell frame grouting & Calibration to be done. 18-Aug-2024 Load cell Calibration:
d Load cell erection Calibration Load cell calibration will be completed subjected TPL
availability of testing wagon Empty Wagon: NTPC
e Deflector Plate erection Deflector plate erection to be done 07-Aug-2024 PL

CCP CCP-10 – HR Clearance certificate received

CCP (Contract closing of CCP-8 – Store Clearance certificate received
packages) certificates (13 nos) CCP-7 – PG test certificate received (conditional)
CCP-1, 2, 3 , 4 & 12 – Under process
Commercial settlement for
Discussions with NTPC will start after PG test
spares/balance work
Collection of BGs ABG – Sep-24, PBG – Mar-25

11
 Dt:16th Jul’2024
Financial Progress - Darlipali ₹ in
Cr
Billed/
Description Total Balance Remarks
Incurred
Contract Value 326.12 Support Required
Claims+Variations -3.72
Claims in Arbitration
TCV 322.40 320.81 1.59 To be finalised along with order amendment CCP1
CTC 429.13 425.87 3.26

Trade Receivable 0.09

Retn Receivable 3.01 1.29 Cr as NTPC books. TPL books to be adjusted
Adv from Customer 0.09

Trade Paybles 3.61

Adv to Vendor 0.19

UBR/(AB) 0/ 2.34
Inventory 0.00
GCA 6.06
NWC -2.71

BGs 0.00 All BGs received

Note: Client billing – No balance billing.

12
 Dt:31st Dec’2022
Risk & Opportunities - Darlipalli
Opportunities Register
Total Probabilit Opportunity Likely
Sr. Short Estimated
ID Detailed Description Status Estimate y% Owner Month of
No Description Value
d Value (P) Occurrence

Risk Register
Total Probabilit Risk Likely
Sr. Short Estimated
ID Detailed Description Status Estimate y% Owner Month of
No Description Value
d Value (P) Occurrence

De-scope of
1 Erection work Stacker reclaimer erection work de-scoped 70lakhs 100%

2 NA items Spares supplied as per OEM requirement 30lakhs 30%

13
 Dt: 27th Jun 2024
Executive Summary - NSL
1 Synopsis 3 Key Contract
Terms
PV Applicability Yes
Scope of Work (Brief Design , Engineering , Manufacturing, Supply, Erection, Testing & Advance 10 %
Description) Commissioning of 4500 m3 Blast Furnace Complex. 77.5 % within 30 days
Progressive RA bills
Payment
PAC-2.5%
terms
Location Nagarnar-Jagdalpur,Chhatisgarh Retention Commissioning-2.5 %
Customer NMDC Steel Limited(NSL) PG-5 %
FAC-2.5 %
PMC / Licensor Mecon Contractual Completion Definition Commissioning
Type of Contract Turnkey 12 M from the date of
DLP Commissioning or 18 M from
Original Contract Value (INR Cr) 1094.3 Cr CB Margin % 7.5 % the date of PAC

Total Contract Value (INR Cr) 1410.9 Cr CTC Margin % -13.5% O&M Period NA
PBG – 119.01Cr
BG Details ABG – 27.86Cr
SD – 0.30Cr
2 Schedule
Contractual Start Date 29-MAY-2011 Overall Actual Progress % 99% Overall Liq. Dam./Penal. Due to delay in
0.5% Per week of CV
completion ( i.e. INR Cr/ Week)
Original Contract duration 34 M (28-02-2014) POCM % 98.3% Overall Liq. Dam./Penal. to delay in
5 % of the CV
99% completion ( Max Value in INR Cr)
Contract duration with EOT 151 M (15-10-2023) Billing % (Excl Liq. Dam. due to Performance shortfall 7.5 % of The CV
Arbitration)
Overall Liq. Dam./Penal. for both delay in
10 % of the CV
Forecast Duration 164 M (30-11-2024) Time Elapsed 159 M completion & nonperformance (Max Value Cr)
Bonus (in INR Cr)

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 Dt: 27th Jun 2024

Balance Works – NSL

Description of
[Link] Present Status Committed date Remarks / Support Required
Action Point
Support Required
Commissioning
01 Received on 20.11.2024
Certificate

PCI Commissioning – One Mill

commissioned & 2nd Mill commissioning in 20 Aug-24
progress
PG Test TRT Commissioning – Refurbishment work in 5 Cr fund request raised for Critical
02 progress. Expert from Shaangu – Chaina visit payments
awaited 20 Sep-24

Liquidation of Punch points – In progress

Punch Points Dec-24

Submission of As Built drawings and fulfilment of

03 FAC Dec-24 Commercial closing after arbitration
statuary compliance

04 BG Collection of BG Dec-24

15
 Dt:16th Jul’2024
Financial Progress - NSL ₹ in
Cr
Billed/
Description Total Balance Remarks
Incurred
Contract Value 326.12 Support Required
Claims+Variations -3.72
Claims in Arbitration
TCV 322.40 320.81 1.59 To be finalised along with order amendment CCP1
CTC 429.13 425.87 3.26

Trade Receivable 0.09

Retn Receivable 3.01 1.29 Cr as NTPC books. TPL books to be adjusted
Adv from Customer 0.09

Trade Paybles 3.61

Adv to Vendor 0.19

UBR/(AB) 0/ 2.34
Inventory 0.00
GCA 6.06
NWC -2.71

BGs 0.00 All BGs received

Note: Client billing – No balance billing.

16
 Dt: 27th Jun 2024

Trade Receivables – NSL

Receivables from Customer:
[Link] Package Amount (in Categorization Collection Plan
Crs.)
1 3.51 2.83 billed in May & Jun-24 1.53 in Jul-24
0.68 Hold for spare supplies 1.3 in Aug-24
0.68 in Dec-24

Retention Receivables from Customer:

[Link] Package Amount (in Categorization Collection Plan
Crs.)
1 132 PV bill submitted for approval After Arbitration

2 55 PG test Nov-24

3 28 FAC Mar-25

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 Dt: 27th Jun 2024
Executive Summary – COB 5
1 Brief Scope 3 Schedule & LD
Contractual start date 22-Jun-2015
Scope of Work (Brief Description) Coal and Coke handling system for COB-5 at RINL
Original Contract duration (in Months) 26 (22-Aug-2017)
Capacity 0.8MTPA
Contract duration with EOT (in Months) 113 (30-Sep-2024)
Location Visakhapatnam steel plant
Customer VSP RINL Forecast Duration (in Months) 116 (30-Dec-2024)
Type of Contract EPC
Time Elapsed (in Months) 110
Original Contract Value (INR Cr) 312.68 Cr CB Margin % 3.5% POCM 98.7%
PAC 08-Feb-2021
Total Contract Value (INR Cr) 328.87 Cr CTC Margin % -27.8% PrAC 24-Apr-2024
DLP/FAC 12M from PrAC

2 Team [Link]./Delays(Max Value in INR Cr) 5% (15.6 Cr)

Responsible
Business Unit Power and Metals
[Link]./Performance(Max Value in INR Cr) 7.5% (23.4 Cr)
Operations Head
Project Manager Akash Gupta [Link]./Overall completion(Max Value in INR Cr 10% (31.2 Cr)
Site Incharge [Link]
Bonus (in INR Cr) NA
Planning Manager Lalam Naresh

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 Dt: 27th Jun 2024
Balance Works – COB 5

[Link] a Description of Action Point Present Status Target date Responsibility

PrAC PrAC received on 02.05.2024 Support Required

01

02 As Built Drawings As Built drawing submitted and under review by Mecon Jul-24

03 Anti Profiteering for COB-5 Documents under review by Commercial team Jul-24

04 FAC Liquidation of Punch points are in progress (141 Dec-24

completed out of 631)

Fulfilment of statuary (CLC clearance, Gate pass Dec-24

cancellation & NOC from CISF) compliance
05 Collection of BGs ABG - Jul-24 Apr-25
CPBG - Apr-25

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 Dt:16th Jul’2024
Financial Progress – RINL COB-5 ₹ in
Cr
Billed/
Description Total Balance Remarks
Incurred
Contract Value 326.12 Support Required
Claims+Variations -3.72
Claims in Arbitration
TCV 322.40 320.81 1.59 To be finalised along with order amendment CCP1
CTC 429.13 425.87 3.26

Trade Receivable 0.09

Retn Receivable 3.01 1.29 Cr as NTPC books. TPL books to be adjusted
Adv from Customer 0.09

Trade Paybles 3.61

Adv to Vendor 0.19

UBR/(AB) 0/ 2.34
Inventory 0.00
GCA 6.06
NWC -2.71

BGs 0.00 All BGs received

Note: Client billing – No balance billing.

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 Dt: 27th Jun 2024

Receivables – RINL COB-5

Trade Receivables from Customer:
[Link] Package Amount (in Categorization Collection Plan
Crs.)
1 COB-V 15.13 [Link] Hold LD – 8.98Cr
[Link] & VAT hold – 1.45 Cr
[Link] Penalty for MEI Invoice – 0.63Cr
[Link] penalty for D&E – 0.51Cr
[Link] retrenchment/BOCW cess – 1.46Cr
[Link] TPL books to be done – 2.1 Cr

Retention Receivables from Customer:

[Link] Package Amount (in Categorization Collection Plan
Crs.)
1 COB-V 31.2 PrAC bill submitted. Mecon processed to VSP Projects and After balance LD, BG and Interest
under review & other deductions
15 Cr - Aug-24

2 COB-V 15.6 FAC excepted by Apr-25 May-25

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