Recent 4 GW Project Win Is Value Accretive
A Growing Balance Sheet
Cash, Cash Equivalents and Current
Investments*
As at March 31, 2019
(in million)
As at March 31, 2020
(in million)
INR
INR
US$#
10,545
9,792
129.9
Property, Plant & Equipment, Net
83,445
95,993
1,273.4
Net Debt#
59,014
73,780
978.6
*Does not include Current and Non-Current Restricted cash of INR 5,225 million (US$ 75.9 million) as on March 31, 2020.
# Is net of hedging derivative value and cash and cash equivalents. The hedging asset was US$ 29.4 million for the year ended March 31, 2019 and US$ 83.5 million
for the year ended March 31, 2020. The increase in derivative asset is directly proportionate to the devaluation of INR versus the US$.
## Exchange rate- INR 75.39 to US$1 (New York closing rate of March 31, 2020).
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