MERGERS & ACQUISITIONS IN OIL & GAS, POWER & ENERGY SECTOR IN INDIA

GRAPHICAL PRESENTATION OF NO. OF MERGERS AND ACQUISITION DEALS FROM THE YEAR 1999-2006.Source : NSE, BSE

Source(s): Ministry of Power; Economic Survey 2005-06 & Planning Commission, MoPNG, Gail Infraline, Annual Report 2004-05, Ministry of Coal Demand & supply of energy sources

Source : CEA General Review 2005 and Ministry of PowerELECTRICITY GENERATION57%32%11%

ELECTRICITY TRANSMISSION55%45%Source(s): CEA General Review 2005 and Ministry of Power generation.

ELECTRICITY DISTRIBUTIONSource(s): CEA General Review 2005 and Ministry of Power generation.

POWER TRADINGSource(s): CEA General Review 2005 and Ministry of Power generation.

Source: Ministry of Petroleum and Natural Gas (MoPNG) 78%13%9%

REFINING CAPACITYSource: MoPNG

COAL

Source: Annual Report 2004-05, Ministry of Coal

EVALUATION OF FINANCIAL & OPERATING PERFOMANCE OF THE COMPANIES

Examining the financial & operating performance of the company , in order to take the important corporate decision.

The analysis of financial and operating performance considers the four categories of ratios.

PROFITABILITY RATIOPERFORMANCE RATIO

PROFITABILITY RATIOOPERATING PROFIT MARGINGROSS PROFIT MARGINNET PROFIT MARGIN

PERFORMANCE RATIORETURN ON INVESTMENTRETURN ON NET WORTH DIVIDEND YIELD

TURNOVER RATIOSOLVENCY RATIO

TURNOVER RATIOINVENTORY TURNOVER RATIODEBTOR TURNOVER RATIO FIXED ASSET TURNOVER RATIO

SOLVENCY RATIOCURRENT RATIODEBT EQUITY RATIO INTEREST COVERING RATIO

PERFORMANCE OF ACQUIRING FIRMS THREE YEARS PRE AND POST MERGER ACTIVITY FROM 1999-2006 IN THE INDIAN ENERGY INDUSTRY.

PERFORMANCE OF ACQUIRING FIRMS THREE YEARS PRE AND POST MERGER ACTIVITY FROM 1999-2006 IN THE INDIAN ENERGY INDUSTRY.

VARIABLESPERFORMANCE MEAN T STATIC P VALUE CONFIDENCE INTERVAL AT 95%V1PRE- MERGER17.0833-1.9890.0244-13.23-0.03269POST MERGER23.7147

V2PRE- MERGER17.0833-0.50080.3088-8.10174.83786POST MERGER18.7153,

V3PRE- MERGER7.13963-3.17970.001-10.075-2.33127POST MERGER13.343

V4PRE- MERGER18.0745-2.13180.018-21.965-0.75529POST MERGER29.43463

V5PRE- MERGER8.367871.01270.8421-69.0421.85POST MERGER-74.54,

V6PRE- MERGER8.36787-1.68440.0485-19.411.65171POST MERGER17.2472

V7PRE- MERGER7.11549-1.75910.0416-20.691.30549POST MERGER16.8075

V8PRE- MERGER12.8685-3.21160.001-23.547-5.52069POST MERGER27.4023

V9PRE- MERGER6.335-2.02340.0236-21.48-0.13729POST MERGER17.1435

V10PRE- MERGER7.90636-2.43440.0086-25.084-2.50652POST MERGER21.7018

V11PRE- MERGER12.6204-4.07070-14.239-4.90818POST MERGER22.1941

V12PRE- MERGER7.84926-6.67350-22.388-12.126125.1064