This document provides an overview of NHPC Limited, a public sector enterprise in India involved in hydroelectric power generation. Some key points:
- NHPC was established in 1975 and has developed 14 projects totaling 5,295 MW of installed capacity. It has 10 projects under construction totaling 4,502 MW.
- NHPC aims to develop India's vast hydroelectric potential of 148,700 MW at optimal cost and time. It has a vision to be a world-class organization for sustainable development of hydro power and water resources.
- In 2012-13, NHPC generated 18,683 million units (MUs) of energy with sales turnover of Rs. 5,654.69 crore and
A project report on national hydroelectric power corporation ltd.Projects Kart
The document provides information about NHPC Limited, a hydroelectric power company in India. Some key details include:
- NHPC was established in 1975 and has an authorized capital of Rs. 1,50,000 million.
- It has executed 13 projects with an installed capacity of 5,175 MW and aims to become a 10,000 MW company.
- NHPC's mission is to achieve excellence in hydroelectric power development through cost-effective and environmentally friendly projects.
This document provides information about the Chittoor Co-operative Sugars Ltd located in Chittoor, Andhra Pradesh. It was established in 1955 to help sugarcane farmers in the region process their harvest and get fair prices. The company owns 85.96 acres and has gradually expanded its cane crushing capacity over the years. It is currently able to crush 1800-2000 tons of cane per day. The original capital came from shareholder contributions and loans. Financial statements and ratio analysis will be used to analyze the company's performance and financial position from 2003-2007.
The document discusses India's biotechnology sector and the government's efforts to support it through increased funding from various five-year plans, fiscal incentives at both central and state levels, and initiatives to build human resources and research infrastructure. It notes that government funding to the science and technology sector increased eight-fold from the 8th to 11th five-year plan, with support to the life sciences sector rising 16-fold in the same period. Charts are provided showing the growth in total S&T funding and funding specifically for the Department of Biotechnology over different five-year plans.
This document provides details about Deepak Chaudhary's industrial training at the Parbati Hydroelectric Project Stage-II power plant in Himachal Pradesh, India. It discusses the key components and operations of a hydroelectric power plant including dams, water intake and delivery systems, turbines, generators, transformers, and transmission lines. Deepak learned about the various mechanical and electrical machines used in the plant and their specifications and applications. He gained practical experience in industrial management practices like safety protocols. The training helped Deepak fill gaps between his theoretical engineering knowledge and real-world field experience in hydroelectric power generation.
This document is the project report submitted by Mugesh.MK to partial fulfillment of the requirements for the degree of Master of Business Administration from G.R.D Institute of Management in Coimbatore, India. The project analyzes the financial performance of Ashok Leyland Ltd. over a five year period from 2008-2009 to 2012-2013. The report includes an introduction, industry profile, objectives, scope, research methodology, literature review and company profile. Financial concepts and ratios will be used to analyze data and interpret the financial position and performance of Ashok Leyland. Findings and suggestions will be provided.
Internship report of NTPC kawas ,summer internship report of ntpcLalitGoyal27
National Thermal Power Plant Kawas Project report,summer internship report of ntpc ,internship report, national thermal power plant kawas project report, summer internship report of ntpc,ntpc summer training report,ntpc training repntpc training reportort
A study on Inventory Management WIPRO MBA projectSuhail Shaik
This document provides details about a study on inventory management conducted at Wipro Infrastructure Engineering in Hindupur. It includes an introduction to inventory management and the company. The study was submitted by S. Suhel Basha in partial fulfillment of an MBA degree. It discusses the objectives, methodology and limitations of the study. It also includes sections on data analysis and interpretation, findings, suggestions and conclusions from the study.
A project report on budgetary control at ranna sugarsBabasab Patil
The document provides an overview of a study on budgetary control at Ranna Sugars, a cooperative sugar company in India. It includes an executive summary describing the importance of budgetary control for understanding goals and comparing actual to planned performance. It then outlines the objectives of the study, methodology, introduction on budgetary control and profiles of the sugar industry, company and organization. The study aims to analyze Ranna Sugars' existing budgetary controls, compare budgeted and actual figures, identify issues, and help forecast the future.
A project report on national hydroelectric power corporation ltd.Projects Kart
The document provides information about NHPC Limited, a hydroelectric power company in India. Some key details include:
- NHPC was established in 1975 and has an authorized capital of Rs. 1,50,000 million.
- It has executed 13 projects with an installed capacity of 5,175 MW and aims to become a 10,000 MW company.
- NHPC's mission is to achieve excellence in hydroelectric power development through cost-effective and environmentally friendly projects.
This document provides information about the Chittoor Co-operative Sugars Ltd located in Chittoor, Andhra Pradesh. It was established in 1955 to help sugarcane farmers in the region process their harvest and get fair prices. The company owns 85.96 acres and has gradually expanded its cane crushing capacity over the years. It is currently able to crush 1800-2000 tons of cane per day. The original capital came from shareholder contributions and loans. Financial statements and ratio analysis will be used to analyze the company's performance and financial position from 2003-2007.
The document discusses India's biotechnology sector and the government's efforts to support it through increased funding from various five-year plans, fiscal incentives at both central and state levels, and initiatives to build human resources and research infrastructure. It notes that government funding to the science and technology sector increased eight-fold from the 8th to 11th five-year plan, with support to the life sciences sector rising 16-fold in the same period. Charts are provided showing the growth in total S&T funding and funding specifically for the Department of Biotechnology over different five-year plans.
This document provides details about Deepak Chaudhary's industrial training at the Parbati Hydroelectric Project Stage-II power plant in Himachal Pradesh, India. It discusses the key components and operations of a hydroelectric power plant including dams, water intake and delivery systems, turbines, generators, transformers, and transmission lines. Deepak learned about the various mechanical and electrical machines used in the plant and their specifications and applications. He gained practical experience in industrial management practices like safety protocols. The training helped Deepak fill gaps between his theoretical engineering knowledge and real-world field experience in hydroelectric power generation.
This document is the project report submitted by Mugesh.MK to partial fulfillment of the requirements for the degree of Master of Business Administration from G.R.D Institute of Management in Coimbatore, India. The project analyzes the financial performance of Ashok Leyland Ltd. over a five year period from 2008-2009 to 2012-2013. The report includes an introduction, industry profile, objectives, scope, research methodology, literature review and company profile. Financial concepts and ratios will be used to analyze data and interpret the financial position and performance of Ashok Leyland. Findings and suggestions will be provided.
Internship report of NTPC kawas ,summer internship report of ntpcLalitGoyal27
National Thermal Power Plant Kawas Project report,summer internship report of ntpc ,internship report, national thermal power plant kawas project report, summer internship report of ntpc,ntpc summer training report,ntpc training repntpc training reportort
A study on Inventory Management WIPRO MBA projectSuhail Shaik
This document provides details about a study on inventory management conducted at Wipro Infrastructure Engineering in Hindupur. It includes an introduction to inventory management and the company. The study was submitted by S. Suhel Basha in partial fulfillment of an MBA degree. It discusses the objectives, methodology and limitations of the study. It also includes sections on data analysis and interpretation, findings, suggestions and conclusions from the study.
A project report on budgetary control at ranna sugarsBabasab Patil
The document provides an overview of a study on budgetary control at Ranna Sugars, a cooperative sugar company in India. It includes an executive summary describing the importance of budgetary control for understanding goals and comparing actual to planned performance. It then outlines the objectives of the study, methodology, introduction on budgetary control and profiles of the sugar industry, company and organization. The study aims to analyze Ranna Sugars' existing budgetary controls, compare budgeted and actual figures, identify issues, and help forecast the future.
Public sector units (PSUs) evolved in India from pre-independence under the British to support post-independence industrialization. PSUs played key roles in the economy like generating income, employment, and infrastructure development. However, many PSUs faced issues like overstaffing, underutilization, and political interference. After 1991 reforms, the government restructured PSUs and pursued disinvestment and privatization. Today, while some large PSUs are very profitable, others remain loss-making due to challenges in planning, costs, and coordination. The overall performance of Indian PSUs is mixed, providing both positive and negative economic contributions.
A Study on Budgetary Control System conducted at Hassan Cooperative Milk Prod...Projects Kart
A Study on Budgetary Control System conducted at Hassan Cooperative Milk Producers Societies. One the primary functions of the management is planning. Most of the planning relates to individual situations and individual proposals. However, this has to be supplemented and reinforced by overall periodic planning followed by continuous comparison of the actual performance with the planned performance. Budgetary control has, therefore, become as essential tool of management for controlling costs and maximizing
“Budget” and “Budgeting” are concepts traceable to the bible days, precisely the days of Joseph in Egypt. It was reported that “nothing was given out of the treasure without a written order”. History has it that Joseph budgeted and stored grains which lasted the Egyptians throughout the seven years of famine.
Budgets were first introduced in the 1920s as a tool to manage costs and cash flows in large industrial organizations. Johnson states that it was during the 1960s that companies began to use budgets to dictate what people needed to do. In the 1970s performance improvement was based on meeting financial targets rather than effectiveness. Companies then faced problems in the 1980s and 1990s when they were not willing to spend money on innovations in order to stay with the rigid budgets; they were no longer concerned about how customers were being treated; only meeting sales targets became essential.
The Jammu and Kashmir Bank was incorporated in 1938 and was the first state-owned bank in India. It provides banking services solely to the government of Jammu and Kashmir. Mushtaq Ahmed is the current Chairman and CEO. The bank aims to make Jammu and Kashmir the most prosperous state through financial solutions and international quality services. It has extended over 26,193 crores in credit and loans over 74 years to support individuals, entrepreneurs and companies.
A STUDY ON FUNDAMENTAL ANALYSIS OF BANKING SECTOR (WITH SPECIAL REFERENCE TO ...IAEME Publication
The study consist of fundamental analysis so it focuses on the overall state of the economy, and considers factors including interest rates, production, earnings, employment, GDP, housing, manufacturing and management. When analyzing a stock, futures contract, or currency using fundamental analysis there are two basic approaches one can use: bottom up analysis and top down analysis. So the researcher gives the problem as A study on fundamental analysis of banking sector with special reference to public sector banks. The main objective is to study the fundamental analysis of three banks which Punjab National Bank (PNB), Bank of Baroda (BOB) and State Bank of India (SBI).
Price Waterhouse provided an unqualified audit opinion, stating that Maruti Suzuki's financial statements for the year ending March 2009 presented a true and fair view of the company's financial position and performance. The directors recommended a dividend of Rs. 3.50 per share. Maruti Suzuki focused on employee development, spending Rs. 95 million on training programs covering topics like leadership, manufacturing, and business skills. The company's six insurance subsidiaries generated a total income of Rs. 1152.82 million for the financial year.
Project working capital management at bhel jhansi unit from Anuj ( BU Jhansi )Anuj Singh
The document provides details about the shareholding pattern of Bharat Heavy Electricals Limited (BHEL) as of March 31, 2016. The Central Government holds a majority stake of 1543452000 shares, representing 54% of total shares. The remaining 46% of shares are held by public shareholders including financial institutions, mutual funds, insurance companies and individuals.
This document summarizes a study on working capital management at Kadakkal Service Co-operative Bank in India from 2009-2014. It finds that the bank's net working capital and liquidity ratios increased over this period, indicating an improving working capital position and ability to meet short-term obligations. Current assets increased while current liabilities decreased. The study concludes that the bank maintained a good liquidity position and working capital management during the period examined.
This document provides operational data and statistics for Bangladesh's power sector for fiscal years 2004-2005 and 2005-2006 (up to March 2006). Some key highlights:
- Total installed capacity increased from 5025 MW to 5275 MW. Generation capability grew from 4030 MW to 4385 MW.
- Peak demand served rose from 3751 MW to 3812 MW. Net energy generated declined slightly from 21408 mkWh to 16894 mkWh.
- System transmission and distribution losses decreased from 22.79% to 20.97%. Distribution losses varied among utilities, ranging from 12.53% to 20.19%.
- The number of consumers grew from 8.8 million to 9.53 million
This document outlines a study on budgetary control conducted at Shimoga Milk Union Ltd located in Shimoga, Karnataka. It includes a certificate from the guide and principal of Haranahalli Ramaswamy Institute of Higher Education approving the study. The study was conducted by Ashwini E. in partial fulfillment of the requirements for a Master's degree in Business Administration from the University of Mysore.
This document appears to be a project report submitted by Pinku Kuriakose to the Sikkim Manipal University for their Master of Business Administration degree. The report focuses on conducting a financial analysis of Namaa Cargo Services Co. Ltd. over a certain period of time. The analysis will examine the company's financial statements to evaluate its profitability, liquidity, and solvency. Key financial ratios will be calculated and trends identified to assess the company's financial health and make recommendations to improve its financial condition.
The study of working capital managementProjects Kart
This document provides an introduction and background on a summer training report submitted for a post graduate diploma in international business. It was completed at Bharat Heavy Electricals Limited (BHEL) in Jhansi, India. The summary covers the purpose, acknowledgements, and table of contents sections. BHEL is India's largest engineering and manufacturing company in the power, industry, and transportation sectors. The training focused on working capital management and involved visiting different BHEL departments.
This document is a project report summarizing the financial statement analysis and interpretation of C.B. Enterprises conducted as a summer internship. It includes an introduction to the company and objectives of the analysis. The report presents the formats and contents of balance sheets and profit and loss statements. It then conducts ratio analysis of C.B. Enterprises' financial statements for 2014 and 2015 to evaluate liquidity, profitability, and financial stability. Key findings are that assets and profits have decreased while liquidity remains good. The report concludes the company's prospects are not positive and recommends improving accounts receivable collection and inventory turnover.
Project Report on Financial Analysis by Nirbhay Kumar, MBA - 3rd Sem.,TMBU,B...Nirbhay Kumar
The document appears to be a summer internship report submitted by a student named Nirbhay Kumar to the National Thermal Power Corporation (NTPC) in India analyzing the financial performance of NTPC from 2012-2016. The report includes an executive summary of the financial analysis, ratios calculated, findings, and recommendations to improve NTPC's profitability and financial position based on the financial statements over the period studied.
Analysis on financial performance of RSRMAbu Nahiyan
Keeping pace with globalization, Bangladesh is experiencing rapid infrastructural development. In this situation iron & steel industry has a bright growth prospect & Ratanpur Steel Re-Rolling Mills Ltd. is pioneer in this industry. The slogan of the RSRM is “Steel for the nation”.
In this competitive market RSRM using most advanced and latest technology suitable for the production of Termo–Mechanically Treated (TMT) reinforcement bar renowned worldwide for its special features of having strength with high elongation percent and toughness which is not possible in other ordinary reinforcement bars of conventional processes.
Ratanpur Steel Re-Rolling Mills Ltd. was incorporated in Bangladesh as private limited company on 22 April, 1986 as company limited by shares under the Companies Act, 1913 and converted into public limited company on 26 June 2012 under the Companies Act, 1994. The Company is engaged in the manufacturing process of producing various grades of M.S. Deformed Bar (300W/40 Grade, 400W/60 Grade and 500W/TMT) from M.S.Billet and sakes/export of the products and other business related thereto. The Company has set up its Re-Rolling Mills factory at 176, BaizidBostami I/A, BaizidBostami road, Nasirabad, Chittagong, and commenced commercial production from 1986. The Company is listed with Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) as a publicly quoted company. Trading of the shares of the company started in two stock exchanges from 22 September 2014.
This document provides an overview of cash management for a business. It discusses the key motives for holding cash, including transactional needs, precautionary needs, and speculative opportunities. It also introduces the concept of cash planning, which involves forecasting cash inflows and outflows to ensure a business maintains sufficient but not excessive cash on hand. Cash planning aims to avoid situations of cash shortages or excess idle cash. The document serves as an introduction to a student project on cash management practices.
The document provides information about the training undergone by the authors at the Maithon Hydel Power Station located in West Bengal, India. It begins with acknowledging the authorities of Maithon Hydel Power Station and Bankura Unnayani Institute of Engineering for providing the opportunity. The content section then outlines the various training reports covering topics like the Public Relations Office, Central Load Dispatch, Transmission Department, Transmission System Construction, and Central Testing Center. Tables are also included that list details of DVC power stations, dams and barrages.
The document discusses debtors management at Tata Steel and its comparison with other key players. It provides an overview of accounts receivable and debtors management. It then gives the background of Tata Steel, including its history and an overview of its finance division and sundry debtors section. The document examines Tata Steel's credit monitoring processes and compares its debtors management practices to other steel companies like SAIL and ArcelorMittal. It also discusses how Tata Steel dealt with the recession and provides suggestions to improve its debtors management.
This document provides historical context on the development of the global and Indian electrical equipment industries. It discusses how early scientific discoveries led to advancements in electricity production and distribution over centuries. In India, the power sector has grown significantly since independence, with installed capacity increasing from 1,362 MW to 310 GW currently. The document also outlines the evolution of major electrical equipment companies worldwide and discusses how India opened up its power sector to private producers in the 1990s to meet growing demand.
A STUDY ON FINANCIAL PERFORMANCE OF OIL AND NATURAL GAS CORPORATION (ONGC)AARIF KHAN
This document is a project report submitted for a master's degree that analyzes the financial performance of Oil and Natural Gas Corporation (ONGC) in India. It includes an introduction, literature review, methodology, analysis of ONGC's financial statements using various tools like ratio analysis, trend analysis, common size statements, and conclusions. The project was conducted under the guidance of faculty members and aims to evaluate ONGC's profitability and financial strength through analyzing its accounting data and financial reports.
This document provides details about the Parbati Hydroelectric Power Project Stage III in Himachal Pradesh, India. Some key points:
- The project will generate 520 MW of power utilizing a gross head of 356 meters from the Sainj River and tailrace waters of the Parbati Stage II project.
- Main components include a diversion dam on the Sainj River, two intake tunnels, two desilting chambers, a 7,980 meter long headrace tunnel, and an underground powerhouse.
- The powerhouse will be located near Bihali village and will have an installed capacity of 520 MW from four 130 MW turbine generators.
- Construction of the project will help meet
This field project report summarizes the student's experience at the Baira Siul Power Plant located in Chamba, Himachal Pradesh. The report provides an introduction to the National Hydroelectric Power Corporation (NHPC) which owns and operates the plant. It also describes the key components of the plant including the turbine, generator, and auxiliary systems. The Baira Siul plant harnesses the combined flow of three tributaries to generate 180 MW of power using three 60 MW Francis turbines connected to generators.
Public sector units (PSUs) evolved in India from pre-independence under the British to support post-independence industrialization. PSUs played key roles in the economy like generating income, employment, and infrastructure development. However, many PSUs faced issues like overstaffing, underutilization, and political interference. After 1991 reforms, the government restructured PSUs and pursued disinvestment and privatization. Today, while some large PSUs are very profitable, others remain loss-making due to challenges in planning, costs, and coordination. The overall performance of Indian PSUs is mixed, providing both positive and negative economic contributions.
A Study on Budgetary Control System conducted at Hassan Cooperative Milk Prod...Projects Kart
A Study on Budgetary Control System conducted at Hassan Cooperative Milk Producers Societies. One the primary functions of the management is planning. Most of the planning relates to individual situations and individual proposals. However, this has to be supplemented and reinforced by overall periodic planning followed by continuous comparison of the actual performance with the planned performance. Budgetary control has, therefore, become as essential tool of management for controlling costs and maximizing
“Budget” and “Budgeting” are concepts traceable to the bible days, precisely the days of Joseph in Egypt. It was reported that “nothing was given out of the treasure without a written order”. History has it that Joseph budgeted and stored grains which lasted the Egyptians throughout the seven years of famine.
Budgets were first introduced in the 1920s as a tool to manage costs and cash flows in large industrial organizations. Johnson states that it was during the 1960s that companies began to use budgets to dictate what people needed to do. In the 1970s performance improvement was based on meeting financial targets rather than effectiveness. Companies then faced problems in the 1980s and 1990s when they were not willing to spend money on innovations in order to stay with the rigid budgets; they were no longer concerned about how customers were being treated; only meeting sales targets became essential.
The Jammu and Kashmir Bank was incorporated in 1938 and was the first state-owned bank in India. It provides banking services solely to the government of Jammu and Kashmir. Mushtaq Ahmed is the current Chairman and CEO. The bank aims to make Jammu and Kashmir the most prosperous state through financial solutions and international quality services. It has extended over 26,193 crores in credit and loans over 74 years to support individuals, entrepreneurs and companies.
A STUDY ON FUNDAMENTAL ANALYSIS OF BANKING SECTOR (WITH SPECIAL REFERENCE TO ...IAEME Publication
The study consist of fundamental analysis so it focuses on the overall state of the economy, and considers factors including interest rates, production, earnings, employment, GDP, housing, manufacturing and management. When analyzing a stock, futures contract, or currency using fundamental analysis there are two basic approaches one can use: bottom up analysis and top down analysis. So the researcher gives the problem as A study on fundamental analysis of banking sector with special reference to public sector banks. The main objective is to study the fundamental analysis of three banks which Punjab National Bank (PNB), Bank of Baroda (BOB) and State Bank of India (SBI).
Price Waterhouse provided an unqualified audit opinion, stating that Maruti Suzuki's financial statements for the year ending March 2009 presented a true and fair view of the company's financial position and performance. The directors recommended a dividend of Rs. 3.50 per share. Maruti Suzuki focused on employee development, spending Rs. 95 million on training programs covering topics like leadership, manufacturing, and business skills. The company's six insurance subsidiaries generated a total income of Rs. 1152.82 million for the financial year.
Project working capital management at bhel jhansi unit from Anuj ( BU Jhansi )Anuj Singh
The document provides details about the shareholding pattern of Bharat Heavy Electricals Limited (BHEL) as of March 31, 2016. The Central Government holds a majority stake of 1543452000 shares, representing 54% of total shares. The remaining 46% of shares are held by public shareholders including financial institutions, mutual funds, insurance companies and individuals.
This document summarizes a study on working capital management at Kadakkal Service Co-operative Bank in India from 2009-2014. It finds that the bank's net working capital and liquidity ratios increased over this period, indicating an improving working capital position and ability to meet short-term obligations. Current assets increased while current liabilities decreased. The study concludes that the bank maintained a good liquidity position and working capital management during the period examined.
This document provides operational data and statistics for Bangladesh's power sector for fiscal years 2004-2005 and 2005-2006 (up to March 2006). Some key highlights:
- Total installed capacity increased from 5025 MW to 5275 MW. Generation capability grew from 4030 MW to 4385 MW.
- Peak demand served rose from 3751 MW to 3812 MW. Net energy generated declined slightly from 21408 mkWh to 16894 mkWh.
- System transmission and distribution losses decreased from 22.79% to 20.97%. Distribution losses varied among utilities, ranging from 12.53% to 20.19%.
- The number of consumers grew from 8.8 million to 9.53 million
This document outlines a study on budgetary control conducted at Shimoga Milk Union Ltd located in Shimoga, Karnataka. It includes a certificate from the guide and principal of Haranahalli Ramaswamy Institute of Higher Education approving the study. The study was conducted by Ashwini E. in partial fulfillment of the requirements for a Master's degree in Business Administration from the University of Mysore.
This document appears to be a project report submitted by Pinku Kuriakose to the Sikkim Manipal University for their Master of Business Administration degree. The report focuses on conducting a financial analysis of Namaa Cargo Services Co. Ltd. over a certain period of time. The analysis will examine the company's financial statements to evaluate its profitability, liquidity, and solvency. Key financial ratios will be calculated and trends identified to assess the company's financial health and make recommendations to improve its financial condition.
The study of working capital managementProjects Kart
This document provides an introduction and background on a summer training report submitted for a post graduate diploma in international business. It was completed at Bharat Heavy Electricals Limited (BHEL) in Jhansi, India. The summary covers the purpose, acknowledgements, and table of contents sections. BHEL is India's largest engineering and manufacturing company in the power, industry, and transportation sectors. The training focused on working capital management and involved visiting different BHEL departments.
This document is a project report summarizing the financial statement analysis and interpretation of C.B. Enterprises conducted as a summer internship. It includes an introduction to the company and objectives of the analysis. The report presents the formats and contents of balance sheets and profit and loss statements. It then conducts ratio analysis of C.B. Enterprises' financial statements for 2014 and 2015 to evaluate liquidity, profitability, and financial stability. Key findings are that assets and profits have decreased while liquidity remains good. The report concludes the company's prospects are not positive and recommends improving accounts receivable collection and inventory turnover.
Project Report on Financial Analysis by Nirbhay Kumar, MBA - 3rd Sem.,TMBU,B...Nirbhay Kumar
The document appears to be a summer internship report submitted by a student named Nirbhay Kumar to the National Thermal Power Corporation (NTPC) in India analyzing the financial performance of NTPC from 2012-2016. The report includes an executive summary of the financial analysis, ratios calculated, findings, and recommendations to improve NTPC's profitability and financial position based on the financial statements over the period studied.
Analysis on financial performance of RSRMAbu Nahiyan
Keeping pace with globalization, Bangladesh is experiencing rapid infrastructural development. In this situation iron & steel industry has a bright growth prospect & Ratanpur Steel Re-Rolling Mills Ltd. is pioneer in this industry. The slogan of the RSRM is “Steel for the nation”.
In this competitive market RSRM using most advanced and latest technology suitable for the production of Termo–Mechanically Treated (TMT) reinforcement bar renowned worldwide for its special features of having strength with high elongation percent and toughness which is not possible in other ordinary reinforcement bars of conventional processes.
Ratanpur Steel Re-Rolling Mills Ltd. was incorporated in Bangladesh as private limited company on 22 April, 1986 as company limited by shares under the Companies Act, 1913 and converted into public limited company on 26 June 2012 under the Companies Act, 1994. The Company is engaged in the manufacturing process of producing various grades of M.S. Deformed Bar (300W/40 Grade, 400W/60 Grade and 500W/TMT) from M.S.Billet and sakes/export of the products and other business related thereto. The Company has set up its Re-Rolling Mills factory at 176, BaizidBostami I/A, BaizidBostami road, Nasirabad, Chittagong, and commenced commercial production from 1986. The Company is listed with Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) as a publicly quoted company. Trading of the shares of the company started in two stock exchanges from 22 September 2014.
This document provides an overview of cash management for a business. It discusses the key motives for holding cash, including transactional needs, precautionary needs, and speculative opportunities. It also introduces the concept of cash planning, which involves forecasting cash inflows and outflows to ensure a business maintains sufficient but not excessive cash on hand. Cash planning aims to avoid situations of cash shortages or excess idle cash. The document serves as an introduction to a student project on cash management practices.
The document provides information about the training undergone by the authors at the Maithon Hydel Power Station located in West Bengal, India. It begins with acknowledging the authorities of Maithon Hydel Power Station and Bankura Unnayani Institute of Engineering for providing the opportunity. The content section then outlines the various training reports covering topics like the Public Relations Office, Central Load Dispatch, Transmission Department, Transmission System Construction, and Central Testing Center. Tables are also included that list details of DVC power stations, dams and barrages.
The document discusses debtors management at Tata Steel and its comparison with other key players. It provides an overview of accounts receivable and debtors management. It then gives the background of Tata Steel, including its history and an overview of its finance division and sundry debtors section. The document examines Tata Steel's credit monitoring processes and compares its debtors management practices to other steel companies like SAIL and ArcelorMittal. It also discusses how Tata Steel dealt with the recession and provides suggestions to improve its debtors management.
This document provides historical context on the development of the global and Indian electrical equipment industries. It discusses how early scientific discoveries led to advancements in electricity production and distribution over centuries. In India, the power sector has grown significantly since independence, with installed capacity increasing from 1,362 MW to 310 GW currently. The document also outlines the evolution of major electrical equipment companies worldwide and discusses how India opened up its power sector to private producers in the 1990s to meet growing demand.
A STUDY ON FINANCIAL PERFORMANCE OF OIL AND NATURAL GAS CORPORATION (ONGC)AARIF KHAN
This document is a project report submitted for a master's degree that analyzes the financial performance of Oil and Natural Gas Corporation (ONGC) in India. It includes an introduction, literature review, methodology, analysis of ONGC's financial statements using various tools like ratio analysis, trend analysis, common size statements, and conclusions. The project was conducted under the guidance of faculty members and aims to evaluate ONGC's profitability and financial strength through analyzing its accounting data and financial reports.
This document provides details about the Parbati Hydroelectric Power Project Stage III in Himachal Pradesh, India. Some key points:
- The project will generate 520 MW of power utilizing a gross head of 356 meters from the Sainj River and tailrace waters of the Parbati Stage II project.
- Main components include a diversion dam on the Sainj River, two intake tunnels, two desilting chambers, a 7,980 meter long headrace tunnel, and an underground powerhouse.
- The powerhouse will be located near Bihali village and will have an installed capacity of 520 MW from four 130 MW turbine generators.
- Construction of the project will help meet
This field project report summarizes the student's experience at the Baira Siul Power Plant located in Chamba, Himachal Pradesh. The report provides an introduction to the National Hydroelectric Power Corporation (NHPC) which owns and operates the plant. It also describes the key components of the plant including the turbine, generator, and auxiliary systems. The Baira Siul plant harnesses the combined flow of three tributaries to generate 180 MW of power using three 60 MW Francis turbines connected to generators.
This document provides information about Abhik Kumar Dutta's summer internship report at NHPC Limited's TLDP 4 Hydropower Project in West Bengal, India. It includes an introduction to NHPC Limited and details of hydropower stations under NHPC and those under construction. The report discusses salient features of the TLDP 4 project, including the dam, powerhouse, braking system, and switchyard. It also covers project planning, environmental aspects, and a conclusion on learning about sustainable hydropower development.
Nhpc training report civil engineerimg_bit_mesra_ISHANT GAUTAMIshant Gautam.
This document provides an overview of the vocational training received by Ishant Gautam at the Chamera Hydroelectric Power Project Stage III, operated by NHPC Limited in Himachal Pradesh, India. The project includes construction of a 68-meter high concrete gravity dam on the Ravi River with three radial gates. Other structures discussed include a highway tunnel, diversion tunnel, coffer dam, intake structures, desilting chambers, and silt flushing tunnels. The training covered various aspects of construction and operation of the project.
This document provides information about the Teesta Low Dam Project-III (TLDP-III) hydroelectric power plant in West Bengal, India. Some key points:
- TLDP-III has a capacity of 132 MW and is located on the Teesta River. It was commissioned between 2013-2014.
- The project includes a 32.5 m high concrete barrage that diverts water to the powerhouse.
- The powerhouse contains four 33 MW Kaplan turbine units that generate around 594 GWh annually.
- Other components discussed include the intake, penstocks, draft tubes, and turbine design.
This document outlines store accounting procedures for a company. It discusses pricing of purchased and returned materials, material receipt accounting, issuing materials from the store, and physical verification of store stock. Key functions of the store include procurement, keeping, and accounting. Materials are priced according to their source and type of return. Physical verification is conducted annually to identify any differences in recorded and actual stock quantities.
This document presents an investigatory project on creating an organic insecticide using ginger and vinegar. The project was conducted by 7 researchers from Diaz College in the Philippines to fulfill course requirements in physics, math, and English. It details the background of ginger and vinegar, the methodology used to create 4 different mixtures of ginger and vinegar, and plans to test their effectiveness on insects. The goal is to produce a natural and environmentally-friendly insecticide as an alternative to toxic chemical insecticides.
The document provides information about HCL Infosystems Ltd., including:
1) It describes HCL as treating employees like family by providing freedom and empowerment.
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The document discusses store management and various aspects related to it. It defines store management and outlines key objectives like minimizing production costs and maintaining material value. It describes important store functions such as receipt, storage, retrieval, issue, records keeping, and control. It also discusses centralized and decentralized store models and factors affecting store layout. The overall purpose of store management is to receive, store and issue materials efficiently at lowest cost.
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Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
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Nhpc project-parbati 2 on store accounting (finance)
1. (A Government of India enterprise)
PROJECT REPORT ON
STORE ACCOUNTING WITH RESPECT TO N.H.P.C
Submitted to Panjab University, Chandigarh
in partial fulfillment for the Award of the degree of
MBA CIT
(Master in Business Administration commerce & IT)
SUBMITTED BY:
SWATI CHANDEL
Roll No. –7605
Session –April, 2013
MASTER TARA SINGH MEMORIAL COLLEGE
FOR WOMEN, LUDHIANA
Page 1 of 58
2. PREFACE
Finance is the life blood and nerve centre of business just as circulation of blood is
essential for maintaining human life, without adequate finance a business can’t run
smoothly. Application of Management of Principles in all branches whether Production,
Personnel, Finance, Marketing etc results in more efficient and effective utilization of
available resources.
Now days the theory without practice is of little use. No doubt, theory provides the
fundamental stone for the Guidance of practice. Therefore a strong cooperation of
theory and practice is very essential to make a management student perfect.
As the project suggests that project report is all about knowing what is Store
management and its efficiency, its importance and its uses. The project report also
includes the type of financing NHPC has used recently in appraising its new project of
800MW generation at Parbati river at PARBATI PROJECT STAGE-2.The confidence of
an individual is boosted as one successfully completes the responsibilities shouldered
on him. The theoretical concepts only help us to gain Knowledge. However an
administrative skill, the pre-requirement for the completion of a success story comes
with experience.
Page 2 of 58
4. ACKNOWLEDGEMENT
The successful completion of any task would be incomplete without
mentioning the people who have made it possible. So it`s with the gratitude that I
acknowledge the help, which crowned my efforts with success.
I would like to express my sincere thanks to the management of NHPC
who gave me the opportunity to work and study in such an esteemed
organization.
It is a matter of pride for me to acknowledge my profound gratitude to my
respected principal MRS.PARVEEN KAUR CHAWLA, who always facilitates me in
gaining practical knowledge.
MS.PRIYA AHUJA & MRS.MEENAKSHI BAJAJ for her valuable Cooperation
Guidance.
Last but not the least, I would like to thank all who supported me in this
study by way of sparing their precious time, providing relevant information and
sharing experience, I needed, without which the project would have been
incomplete.
LUDHIANA
Page 4 of 58
SWATI CHANDEL
5. TABLE OF CONTENT
CH.NO.
CONTENTS
1 INTRODUCTION TO THE TOPIC: STORE ACCOUNTING
2 COMPANY PROFILE
Introduction
Hydro scenario in India
Overview of organization
Vision of organization
Mission of organization
Core value
Objectives of the organization
Capital structure of NHPC
Current Scenario
SWOT Analysis
3 INTRODUCTION ABOUT PARBATI PROJECT II
Introduction
Parbati project2 :Profile
Benefits
4 PROJECT REPORT ON STORE ACCOUNTING W.R.T. PHEP-2
Research methodology
Inventory management system
Accounting guidelines
Procedure of store accounting
Interpretation and Analysis
5 FINDINGS AND LIMITATIONS
6
CONCLUSION AND RECOMMENDATIONS
7 BIBLIOGRAPHY /REFERENCE
Page 5 of 58
PAGE NO.
7. A Store is virtual money that can be encashed. However, this money needs to be
properly counted or accounted for. STOCK ACCOUNTING is thus a systematic way of
assessing the money value of the items lying in stores as also the items under
transaction through stores.
Transactions, in terms of receipts and issues are a regular feature in any stores and
therefore Stock accounting process, in most of the cases, concentrates only on the
stock in hand, lying in Stores.
The most popular methods of accounting are, FIFO i.e. First In First Out and
LIFO, Last In First Out.
FIFO and LIFO Methods as accounting techniques are used in managing
inventory (Stock lying in Stores for future use) and financial matters involving the
amount of money a company has tied up within inventory of produced goods, raw
materials, parts, components, or feed stocks. These methods are used to manage
assumptions of cost flows related to inventory, stock repurchases (if purchased at
different prices), and various other accounting purposes.
FIFO standing for first-in, first-out, implies that the oldest inventory items are
recorded as sold first but do not necessarily mean that the exact oldest physical object
has been tracked and sold.
LIFO stands for last-in, first-out, meaning that the most recently produced items
are recorded as sold first. Since the 1970s, some U.S. companies shifted towards the
use of LIFO, which reduces their income taxes in times of inflation, but with International
Financial Reporting Standards banning the use of LIFO, more companies have gone
back to FIFO. LIFO is only used in Japan and the U.S.
Page 7 of 58
8. Store is a function of materials management in an organization. Hence it is generally
found that stores function reports to the materials manager.
But in some situations stores function reports to the production function.
Function of store
•
Storage
•
Issue
•
Record
•
Housekeeping
•
Control
•
Surplus management
•
Verification
•
Interaction & coordination
•
Receipt
Inventory in a company includes stock of raw materials, work-in-progress,
finished & semi-finished products, spare components and by-products, etc
Inventory control is an important feature of cost accounting system
Methods of stock valuation
First-in-first-out(FIFO)
Last-in-first-out(LIFO)
Weight average cost (WAVCO)
Specific identification/unit cost method
Page 8 of 58
10. ThE COMPANY
Type
Public company(BSE: 533098,NSE: NHPC)
Industry
Electric utility
Founded
November 7,1975
Headquarters
Faridabad, India
Key people
G.Sai Prasad (Chairman & MD)
Products
Electricity generation; energy trading(transmission and distribution)
Net profit(Q1)
Rs. 719 cr (31.7.2013)
Net income
Rs. 5,306.64 crore (march 2013)
Total employees
11,036+(2013)
Website
www.nhpcindia.com
Page 10 of 58
11. INTRODuCTION
National Hydroelectric Power Corporation (NHPC) was established in 1975.
NHPC is a schedule “A” Enterprise of the Government of India. With an authorized
capital of Rs 15000 Crore and an investment base of about Rs 25400 Crores, NHPC is
ranked as a premier organization in the country for development of Hydropower.
Accredited with ISO-9001:2000 & ISO 14001:2004 certificates for its quality
system and environment concerns, NHPC is a multi-disciplinary organization and has
acquired sufficient expertise and state-of-the-art technology for investigation , planning,
designing, and executing both small and large size hydro power projects. It has the
strength of highly qualified and experienced professionals in design and engineering,
geo-technical engineering, construction planning and construction management for
building hydroelectric projects. The technical and engineering proficiency and
experience of NHPC places it in a leading position in the field of hydropower
development in India and neighboring countries.
The Saga of NHPC is replete with many challenges. To begin with NHPC took
over three most difficult and almost abandoned projects in geological Weak Himalayan
Ranges. These Projects were the 180 MW Baira Siul in Himachal Pradesh, 105 MW
Loktak Project in Manipur and the 345 MW Salal stage-I in Jammu & Kashmir. The
successful commissioning of these projects in most difficult areas and their operation is
a testimony to NHPC’s success.
With the commissioning of 180 MW Baira Siul project in 1981, NHPC started
earning profit since 1982, the first year turnover was Rs 24 Crores and its Net Profit was
Rs 8 Crores. Since then the net profit of the corporation increases year after year. Net
profit of the corporation was Rs 2090.5 Crores during the year 2009-10 as against
2166.67 Crores during 2010-11. NHPC is planning to take projects in neighboring
countries like Nepal and Bhutan. NHPC has been conferred “MINI RATNA” status by
the Govt. of India.
Page 11 of 58
12. hYDRO sCENERIO IN INDIA
India is blessed with immense amount of hydro-electric potential and ranks 5th in terms
of exploitable hydro-potential on global scenario. As per assessment made by CEA
(Central Electricity Authority) is endowed with economically exploitable hydro-power
potential to the tune of 148700 MW of installed capacity. The basin wise assessed
potential is as underBasin/Rivers
Probable Installed Capacity (MW)
Indus Basin
33,832
Ganga Basin
20,711
Central Indian River system
4,152
Western Flowing Rivers of southern India
9,430
Eastern Flowing Rivers of southern India
14,511
Brahmaputra Basin
66,065
Total
1,48,70
In addition, 56 number of pumped storage projects have also been identified with
probable installed capacity of 94000 MW. In addition to this, hydro-potential from small,
mini & micro schemes has been estimated as 6782 MW from 1512 sites. Thus, in
totality India is endowed with hydro-potential of about 250000 MW. However,
exploitation of hydro-potential has not been up to the desired level due to various
constraints confronting the sector.
Page 12 of 58
13. hOW IT WORKs
So just how do we get electricity from water?
Actually, hydroelectric and coal-fired power plants produce electricity in a similar way.
In both cases a power source is used to turn a propeller-like piece called a turbine,
which then turns a metal shaft in an electric generator, which is the motor that
produces electricity. A coal-fired power plant uses steam to turn the turbine blades;
whereas a hydroelectric plant uses falling water to turn the turbine. The results are the
same.
Take a look at the diagram of a hydroelectric power plant to see the details:
The theory is to build a dam on a large river that has a large drop in elevation.
The dam stores lots of water behind it in the reservoir at FRL ( full reservoir level)and a
live storage of 1.98 Mcum . Near the bottom of the dam wall there is the water intake
.Gravity causes it to fall through the penstock inside the dam. At the end of the
penstock there is a turbine propeller, which is turned by the moving water. The surge
shaft (restrict the surges within the height of shaft) from the turbine goes up into the
generator, which produces the power. Power lines are connected to the generator that
carry electricity to your home and mine. The water continues past the propeller through
the tail race tunnel (TRT) into the river past the dam. By the way, it is not a good idea
to be playing in the water right below a dam when water is released.
Page 13 of 58
14. The diagram of a hydroelectric generator given below shows how generator
works:
"A hydraulic turbine converts the energy of flowing water into mechanical energy. A
hydroelectric generator converts this mechanical energy into electricity. The operation of
a generator is based on the principles discovered by Faraday. He found that when a
magnet is moved past a conductor, it causes electricity to flow. In a large generator,
electromagnets are made by circulating direct current through loops of wire wound
around stacks of magnetic steel laminations. These are called field poles, and are
mounted on the perimeter of the rotor. The rotor is attached to the turbine shaft, and
rotates at a fixed speed. When the rotor turns, it causes the field poles (the
electromagnets) to move past the conductors mounted in the stator. This, in turn,
causes electricity to flow and a voltage to develop at the generator output terminals."
Page 14 of 58
16. NHPC has become the largest organization for hydropower development in India, with
capabilities to undertake all the activities from conceptualization to commissioning in
relation to setting up of hydro projects. Its capability includes complete spectrum of
hydro Power from concept to commissioning. Besides providing consultation services in
field of hydro-power, NHPC is also planning to take up Wind and Tidal power projects in
the country.
Page 16 of 58
17. CORPORATE VISION
A world class diversified & transnational organization for sustainable development of
Hydro power and water resources with strong environment conscience.
CORPORATE MISSION
To achieve international standards of excellence in all aspects of hydro power and
diversified business.
To execute and operate projects in a cost effective, environment friendly and socioeconomically responsive manner
To foster competent trained and multi-disciplinary human capital
To continually develop state-of-the-art technologies thru innovative R&D and adopt
best practices
To adopt the best practices of corporate governance and institutionalize value based
management for a strong corporate identity.
To maximize creation of wealth through generation of internal funds and effective
management of resources.
Page 17 of 58
18. CORE VALUE
Business Ethics
Customer Focus
Organizational & professional Pride
Mutual Respect and Trust
Innovation and Speed
Total Quality for Excellence
CORPORATE OBJECTIVES
Development of vast hydro potential at faster pace and optimum cost elimination, time
and cost over-run.
Completion of all ongoing projects within stipulated time frame.
Ensure maximum utilization of installed capacity and help in better system stability.
Generation of sufficient internal resources for expansion and setting up new projects.
Corporate development along with simultaneous human resource development.
Page 18 of 58
19. CAPITAL STRUCTURE: FINANCIAL
PROFILE
Authorized Capital
Rs. 1,50,000 Million(31.03.2013)
Value of Assets
Rs.35,718.06 cr. App. (31.03.2013)
Paid Up Capital
Rs. 12,300.74 crore (31.03.2013)
Projects Completed
14 Nos. (5295 MW)
Projects Under Construction
10 Nos. (4502 MW)
Projects Awaiting Clearances
12 Nos. (9651 MW)
Projects Under Survey and Investigation Stage
7 Nos. (2485 MW)
Joint Venture Projects
7 Nos. (5206 MW)
Projects on Turnkey Basis
5 Nos. (89.35 MW)
In 2012-march ‘13
Energy Generated
18683 MUs
Sales turnover
5,654.69 crore
Net Profit
2,771.77 crore
Performance Rating
"excellent"
In 2011-‘12
Energy Generated
18,500 MUs
Sales turnover
4,225.25 crore
Net Profit
2,166.67 crore
Performance Rating
"Very Good"
Page 19 of 58
21. SALES
The Bulk Power Consumers of NHPC Limited in North India are the power utility
belonging to the states of Haryana, Punjab, Himachal Pradesh, Uttar Pradesh,
Uttarkhand, Rajasthan, Delhi and J&K and Union Territory of Chandigarh. These states
are being supplied power from Baira Siul, Salal-I & II, Tanakpur, Chamera-I, ChameraII, Uri, Dhauliganga & Dulhasti Power Stations. In the Eastern Region, Rangit and
Teesta-V, Power Stations are supplying energy to the states of West Bengal, Sikkim,
Bihar, Jharkhand, Gridoo and Damodar Valley Corporation. In the North-Eastern
Region, Loktak Power Station is supplying energy to the states of Assam, Manipur,
Meghalaya, Tripura, Nagaland, Arunachal Pradesh and Mizoram
Since commencing of commercial generation in 1982, the Energy sales and
revenues of the corporation have grown significantly. The Energy sales from all
operating projects of the Corporation during the last 25 years has risen from Rs. 228.60
Million in the year 1982-83 to Rs. 50491 Million in the year 2012-2013.
Page 21 of 58
22. STRENgTHS and opportunities in the
sector
Abundant coal reserves (enough to last 200 years)
Vast hydroelectric potential (150,000 MW).
Large pool of highly skilled technical personnel.
Impressive power development in absolute terms (comparable in size to those of
Germany and UK).
Expertise in integrated and coordinated planning.
Emergence of strong and globally comparable central utilities
Wide outreach of state utilities.
Enabling framework for private investors.
Well laid out mechanisms for dispute resolution.
Political consensus on reforms.
Potentially, one of the largest power markets in the world.
CURRENT SCENARIO
POWER FOR ALL BY 2013
The Government of India has an ambitious mission of POWER FOR ALL BY 2013. This
mission would require that our installed generation capacity should be at least 200,000
MW by 2013 from the present level of 144,564.97 MW. Power requirement will double
by 2020 to 400,000MW.
OBJECTIVES
Sufficient power to achieve GDP growth rate of 8%
Reliable power
Quality power
Page 22 of 58
23. Optimum power cost
Commercial viability of power industry
Rural electrification
SWOT ANALYSIS
Strengths: 1. Good corporate Image.
2. Complete range of product for transmission & distribution.
3. Established brand name with executive oriented program.
4. Strong & wide networks of manpower across India.
5. Considered to be having technology & design ability.
Weakness: 1. The procurement process in the companies is cumbersome and subject to auditing.
2. Low exposure to the needs & dynamics of distribution business.
3. Role clarity on the requirement of being an equipment supplier or a solution provider.
As there are very few supplier of equipment manufacturing plant.
Opportunities: 1. Huge Investment leading to greater demand of goods and services.
2. Demand leading to Industry operating at full & over capacity.
3. Better Price realization.
4. Early birds to learn faster and thus achieve repeat orders. Policy to bid from ultra mega power
plant.
5. Vertical integration for supply chain management of coal by acquiring coal blogs.
Threats: 1. Purchases preference may be extended to distribution sector.
2. Increase in no. of small contractors leading to price war.
3. Emergence of competitors in the market like Schneider, Reliance, Tata etc.
4. Change in government policies for open trade or stock trading or energy trading.
Page 23 of 58
24. 5. Reduce the time lag.
INTRODUCTION
The State of Himachal Pradesh is blessed with abundant water resources in its
five major rivers i.e. Chenab, Ravi, Beas, Satluj and Yamuna, which emanate from the
western Himalayas and flow through the State. These snow fed rivers and their
tributaries carry copious discharge all the year round and flow with sleep bed-slopes,
which can be exploited for power generation. The expeditious harnessing of this vast
and economically viable hydro-electric potential, estimated to be more than 20,000 MW,
is the only answer to the prevailing chronic and ever-growing power shortage in the
Northern region.
Page 24 of 58
25. In India, since independence, concerted efforts have been made to increase the
availability of power to various segments of Indian society. The hydropower
development in India has not taken place in a systematic manner since year 1950 till
date with more advantage to thermal / nuclear Station during the last 50 years, which
resulted in improper hydro-thermal mix of power generation.
As on date NHPC Limited has become the largest organization for hydropower
development in India, with capabilities to undertake all the activities from
conceptualization to commissioning in relation to setting up of hydro projects. NHPC
Limited is also planning to take Wind and Tidal wave projects in the country.
NHPC Limited presently has an installation base of 5295 MW from 14
hydropower stations on ownership basis including projects taken up in Joint Venture.
Considering the impediments faced during execution of these projects such as
unfavorable geological conditions, difficult law and order problems, inaccessible and
remote locations, the achievement so far is commendable. The generation performance
of these stations has been outstanding.
NHPC Limited is presently engaged in the construction of 10 projects aggregating
to a total installed capacity of 4502 MW. Given the renewed thrust on development of
hydro power in the country, NHPC Limited has drawn up a massive plan to add over
10,000 MW of hydropower capacity by the end of XII plan (year 2017).
PARBATI STAgE- II H.E. PROJECT
Page 25 of 58
26. Parbati Hydroelectric Project is a cascade development to be developed in 3 stages
with an aggregate generating capacity of 2070 MW. Stage-I is storage type of scheme
and situated in the mainly snow bound area having installed capacity as 750 MW.
Parbati Project Stage-II is a run of the river scheme and shall have installed capacity of
800MW. Parbati Project Stage-III development is downstream of Stage-II and shall have
installed capacity of 520 MW. Parbati Stage-II comprising of 83.7m high Concrete
Gravity Dam and 31.525 km long HRT shall be utilizing a gross head of 862 m. To
enhance the generating capacity of the Project 5 small streams shall also be trapped.
The project is of special importance as the longest reach of 9 km shall be excavated
with the use of TBM and 2 Nos inclined Pressure Shafts each about 1.546 km long is
also excavated with TBM. The total quantum of underground works involving tunneling
shall be about 57 km.
HYDEL DEVELOPMENT OF PARBATI PROJECTS
Page 26 of 58
27. The Beas valley in Himachal Pradesh has a vast potential for water resources
development and only a small part has been tapped during the past five decades of
planned development. Parbati River, Hurla nallah and Sainj River are major tributaries
of Beas River in Kullu valley. Parbati River is the northernmost left bank tributary of river
Beas in Kullu District of Himachal Pradesh. The river Parbati is a glacial and snow fed
river and it originates from Mantalai Lake from snow peaks at an elevation of 6300 m
and traverses in northerly direction and flows down as a small stream in a narrow valley.
After traversing 7 km from its origin it joins the Beas River at Bhuntar. The river in
general can be termed as a very fast flowing and ferocious one. The river valley is
located in high mountain ranges, which rises to more than 1,000 m on both the banks
over most of its stretch. The stream Dibi ka nallah and Tosh nallah, which join the river
Parbati, are the major tributaries of Parbati River. The total catchment area of Parbati
River at Pulga Dam site is 1155 sq km. This catchment has a large number of small and
big glaciers. Over 84% of the catchment of Parbati Stage II project i.e. about 971 sq km
is permanently snow covered. Further 45% of the catchment area is above an altitude of
5000 m above Mean Sea Level. The entire river catchment is located in the Himalayan
mountain ranges. The catchment area is sparsely populated because of snowing
condition, steeply sloping mountain ranges, remote location and inaccessibility.
PARBATI STAGE-II
The Parbati Hydroelectric Project (Stage-II) is a run-of-the-river scheme proposed to
harness hydro potential of lower reaches of the River Parbati. The proposed scheme is
'inter basin transfer' type. It is proposed to divert the river near Village Pulga in Parbati
valley & water shall be carried through a tunnel across Garsa valley to Sainj valley
where the Power House shall be located at village Suind. Thus, a gross head of 862 m
between Pulga and Suind will be utilized for generating 800 MW power. Diverting the
discharge of various nallas falling along the HRT alignment has further augmented the
diverted discharge of the river Parbati. An 83.7m high, 110 m long, concrete gravity dam
is proposed near village Pulga across Parbati River to divert 145 cumec of water. The
reservoir will have a gross storage capacity as 6.83 Mcum. This diurnal storage will be
sufficient to run power station at full capacity for 4 hours in a day even during lean flow
period. The spillway section consisting of three bays is designed to pass a maximum
probable flood of 1850 cumec.
Page 27 of 58
28. PARBATI PROJECT-II (A PROFILE)
LOCATION
NAME
DISTRICT
STATE
NEAREST RAIL HEAD
PARBATI HYDROELECTRIC PROJECT (STAGE -II)
KULLU
HIMACHAL PRADESH
KIRATPUR (190 KM FROM SAINJ, POWER HOUSE
SITE)
NEAREST AIRPORT
BHUNTER (35 KM FROM SAINJ, POWER HOUSE
SITE)
RIVER
PARBATI (A TRIBUTARY OF RIVER BEAS)
LOCATION
OF
DAM
& DIVERSION DAM ON RIVER PARBATI AT PULGA
POWERHOUSE
VILLAGE AND POWREHOUSE ON RIVER SAINJ
RIGHT BANK OF SUIND VILLAGE.
INSTALLED CAPACITY
4 X 200 (800 MW)
ANNUAL GENERATION
3108.66 MILLION UNITS
DATE OF CCEA APPROVAL
SEPTEMBER 2002
SCHEDULED
DATE
OF SEPTEMBER 2014
COMMISSIONING
Page 28 of 58
29. Hydrology
Four Catchments of the project are:
1.Parbati River
Catchment
Dam
Area
at
Diversion
1155Sq.km.
Snow Catchment
971Sq.km.
Maximum observed discharge
369.10Cumecs
2. Jigrai Nallah
Catchment Area at Diversion site
42Sq.km.
Snow Catchment
21Sq.km.
3. Hurla Nallah
Catchment Area at Diversion site
34Sq.km.
Snow Catchment
9.5Sq.km.
4. Jiwa Nallah
Catchment Area at Diversion site
180Sq.km.
Snow Catchment
54Sq.km.
Page 29 of 58
30. POWER HOUSE
The proposed surface power house is located on the right bank of River Sainj near
Village Sainj at about 200 m downstream of the confluence of River Sainj and Jiwa
Nallah. The power house shall have an installed capacity of 800 MW with four
generating units of 200 MW each. Short Tail Race Channels shall discharge the water
from Power House to river Sainj.
COST
The estimated cost for construction of Project is worked out to be Rs. 5607.66 crores at
August 2000 price level.
BENEFITS
The Project is planned to be operated as a peaking power station. A: 800 MW installed
capacity the Project will generate 3108.66 million units of Power in 90% dependable
year. The construction of the Project will bring social & economic development in the
region. Other facilities like infrastructure. Education Medical and employment will get
boost with the execution of the Project.
Page 30 of 58
31. Section I.1 Benefit to Himachal Pradesh
On completion, the project will provide 12% free power to the tune of
369.32 Million Units which will generate revenue of Rs. 140 crores per y
ear to Himachal Pradesh (at NHPC sale price). Construction of the project
will bring social & economic development in the region. Facilities like
infrastructure, education, medical and employment will get boost.
Revenue to HP Government due to construction of project
up to October 2004
Sales Tax
Royalty
Total
Rs. 589.75 Lakhs.
Rs.
49.17 Lakhs.
Rs. 638.92 Lakhs.
Education Facilities
A Kendriya Vidyalaya up to class XI is functional at Sainj, which is open to
local wards at nominal fees. Out of 202 students about 170 are local
children. Needy ones are being provided school uniform and requisite
stationary by NHPC Ladies Welfare Association.
Medical Facilities
A project Hospital at Sainj is functional for the welfare of employees and
their families, which also caters to the medical needs for the local
population. Hospital/dispensaries are also functional at Bhuntar, Garsa and
Nagwain to provide immediate medical assistance. NHPC Ladies Welfare
Association with the help of Project resources keeps on organizing free
medical camps at remote locations for the benefits of needy and local
inhabitants.
Page 31 of 58
32. Indirect Employment
Construction of the project has created scope for indirect employment by
way of business establishments. More than 150 new business
establishments have come up in Manikaran Valley, more than 150 in Garsa
Valley, more than 150 in Sainj Valley after the start of the project. Apart
from this a shopping complex has been constructed in Sainj Township.
Vehicles Taken on Hire Basis
Light Vehicles/Tractors belonging to locals are bin hired by NHPC as well as by
our major contactors.
Hired By
Inspection Vehicle
Tractor/Truck
NHPC
35 Nos.
11 Nos. (HRTC Buses)
HJV
4 Nos.
18 Nos.
Gammon
7 Nos.
7 Nos.
BJ Techno
5 Nos.
1 Nos.
Total
Page 32 of 58
51 Nos.
37 Nos.
33. Contract Given to Local Contractors
Details of work contract/work order given to various contractors of H.P. by Parbati
HE Project
Area
Total No. of works awarded
Total Amount
DAM Complex
219
Rs.9,05,67,980
HRT Complex
142
Rs.3,51,43,429
Township Complex
160
Rs.9,85,33,931
Power House Complex
180
Rs.9,64,18,802
JNW Complex
4
Rs.1,53,48,264
Total
705
Rs.33,60,12,406
Wild life protection
NHPC and GHNP (Great Himalayan National Park) have pooled their efforts
aimed at conservation of wildlife and environment in and around the GHNP comprising
754 sq. km. While executing the construction work of prestigious Parbati Hydroelectric
Project Stage-II emphasis has been made to conserve and preserve the rare wild life,
flora and fauna. Parbati Project Stage-II is committed to spend Rs. 35.40 crore for
habitat improvement and conservation of endangered species like Jujurana (Western
Tragopan).
Western Tragopan male is one of the world's most spectacular birds: black on
the head, a deep crimson on face and mantle and orange on breast, the black belly and
dark wings are spangled with star-like white specks. The female is dull brown. They
occur in dense forest with undergrowth of bamboo or shrubs from 2000-3500 m, solitary
in spring, but in family groups in fall: often seen in trees where they may eat leaf buds.
Males can be heard calling in spring and in October. Within the Park, the maximum
numbers of sightings have been in the forests of Basu, Shilt, Nada, and Chordwar in
Tirthan Valley.
In the villages close to GHNP, the local name of Western Tragopan is Jujurana
(Juju means bird and rana means king) i.e. the king of the birds. There is a local legend
that this pheasant was created by the "Lord" and all the birds in the universe donated a
feather each to give it color and unparalleled beauty.
Page 33 of 58
35. National Hydroelectric Power Corporation Limited (NHPC)
has several
units, which are engaged in operation of generating electricity or are under construction
stage. Various types of stores inventory need to be maintained to ensure smooth
running of these power stations and construction of the units. The purchase and stores
accounting procedures shall be subject to NHPC’s policy for procurement of stores,
delegation of powers and administrative instructions issued in this regard from time to
time. The stores inventory includes inventory for construction (like steel, cement, etc.)
as well as for operation purposes.
oBJectiVeS of StUdY
General objective:
•
To relate our theoretical knowledge about stores management with the actual
procedures being adopted in industries regarding their stores management.
Specific objective:
•
To study & analyze the stores management procedures of an under construction
project of NHPC i.e. of Parbati Project-II.
Page 35 of 58
36. reSeArcH MetHodoloGY
The subject of my research is to study the stores procedure being used by Parbati
project-II of NHPC. The data being collected is of following types: Primary Data
Secondary Data
Primary data has been collected by personally interviewing the employees of stores
Department of Parbati Project-II. These interviews were of unstructured form. Few
questions asked are as:
Secondary data of both published & unpublished form has been collected from following
sources:•
•
•
•
NHPC’s manual on stores procedures.
News magazine of NHPC.
NHPC’s website “www.nhpcindia.com .”
Intranet Facility in PHEP-II.
Methods of stock valuation (Parbati stage 2)
1. First in first out (FIFO)
This method assumes that the first stock to be received is the first to be sold
The cost of materials used is based on the oldest prices
The closing stock is valued at the most recent prices
2. Weighted average cost
This method assumes that the cost of materials used and closing stock are
valued at the weighted average cost
Page 36 of 58
37. inVentorY MAnAGeMent SYSteM
NHPC may adopt various inventory management techniques for efficient and effective
inventory management as per their requirements. The generally used inventory
management techniques include the following:
• ABC Analysis
• VED Analysis
• FSN Analysis
• Stock levels
• Economic Order Quantity
A BRIEF WRITE UP ON INVENTORY MANAGEMENT SYSTEM
ABC ANALYSIS
Efficient store keeping requires sufficient control over all items of stores. ABC
analysis is a basic analytical management tool, which enables top management
to place more effort where the result will be the greatest. The first step in the
inventory control process is classification of different types of inventories to
determine the type and degree of control required for each.
The ABC system is widely used classification technique to identify various items
of inventory for purposes of inventory control. This technique is based on the
assumption that the organisation should not exercise same degree of control on
all items of inventory. The organization shall keep more rigorous control on items
that are most costly and/ or slow turning / expensive while items that are less
expensive should be given less control effort.
ABC analysis is carried out by grouping items on the basis of their annual cost
volume consumption:
• ‘A’ group items are those, which have highest value of volume usage, generally
constituting around 70% of the value but around 15% of the number of items
• ’B’ with intermediate values and generally constituting around 20% of the value but
around 30% of the number of items
• ‘C’ group with the least value generally constituting around 10% of the value but
around 55% of the number of items
Page 37 of 58
38. This grouping helps to identify items that enhance inventory performances when
properly controlled.
Appropriate inventory management techniques are then used to manage items
according to their priority levels. Thus close attention is paid towards managing
‘A’ group inventories as they contribute significantly to high performance levels,
followed by ’B’ and ‘C’ group inventories. The ultimate goal of ABC analysis is to
closely supervise the items according to their share in the inventory investment.
This helps to reduce time and minimise efforts towards managing those items
which though are not properly taken care of, do not show noticeable effect on
inventory performance.
Thus we can achieve effective inventory control by closely monitoring `A' class
items - watch waste, obsolescence and surplus. Review monthly. Whereas `B'
class items can be brought under routine follow up and `C' class should be kept
in good surplus to avoid frequent attention and production loss due to stock outs.
While exercising control over stores, items of category A should be given the
maximum attention. Their levels of stock should be strictly controlled. In case of
items of category B, ordinary stores routine should be observed but rules
regarding levels of stock may not be so strictly adhered to as for the items in
category A. Items of category C do not require continues monitoring.
VED ANALYSIS
Under VED technique, items are classified into Vital, Essential and Desirable on the
basis of criticality of the item as perceived by the user department. Here the importance
to an item of material is given based on its criticality to the business rather than the
investment/ volume of consumption.
STOCK LEVELS
The benefits of fixation of stock levels include the following:
• It helps in avoiding unnecessary blocking up of funds in inventories
• Reduces likely losses on account of deterioration and obsolescence of materials, etc.
• Reduction in storage cost
• Better management of inventory
Page 38 of 58
39. REORDER LEVEL (ROL)
ROL is the level of inventory at which an order for procurement should be placed for
replenishing the current stock. The ROL should be decided taking into account the
following:
• Consumption in per unit of period (say consumption per week).
• Lead time (say in number of weeks) i.e. anticipated time lag between the order issuing/
indenting date and date of receipt of material.
• In order to take care of likely variations/ contingencies in the usage and lead time, the
maximum likely consumption and delivery period are considered.
For this purpose the past consumption and lead time pattern should be analyzed
ROL = Lead time (in no. of weeks) * Consumption (per week)
Minimum/Maximum level
Maximum level
The maximum level specifies the maximum inventory that should be in hand at point of
time. This is worked based on the following formula:
Maximum level =
ROL + Reorder quantity (-) (Minimum consumption per period * Minimum reorder
period)
Minimum level
Minimum level of inventory shall be maintained in hand at all times so that operations
are not stopped/ effected on account of non- availability of inventory.
The following parameters should be taken into consideration for fixing minimum level:
• Consumption value (ABC classification)
• Criticality (VED classification and also availability of substitutes)
• Reliability of suppliers. This is measured based on:
- Quality (Number of rejections)
- Variability in lead time of delivery
- Responsiveness (ability to dispatch material quickly in case of emergency orders)
Minimum level =
ROL (-) Average rate of consumption * Average time required to obtain delivery of fresh
supplies
Page 39 of 58
40. ECONOMIC ORDER QUANTITY
EOQ is essentially a technique/ formula that determine the point at which combination
of order costs and inventory carrying costs are the least. The result is most cost
effective quantity to order.
Annual Usage
Expressed in units, this is the forecasted annual/periodical usage.
Order Cost
This is the sum of the fixed costs that are incurred each time an item is ordered.
These costs are not associated with the quantity ordered but primarily with physical
activities required to process the order. These would include the costs relating to:
processing of the purchase order and/or requisition,
any approval steps,
processing of the receipt,
incoming inspection,
Invoice processing and vendor payment.
It should be noted that these are costs associated with the frequency of the orders and
not the quantities ordered
Carrying cost
18 Carrying cost is the cost associated with having inventory on hand. It is primarily
made up of the costs associated with the inventory investment and storage costs. For
the purpose of the EOQ calculation, if any cost does not change based the quantity of
inventory on hand, it should not be included in carrying cost. In the EOQ formula,
carrying cost per unit is used. The primary components of carrying costs are as under:
• Interest
• Insurance
• Storage Costs
Page 40 of 58
41. Maintaining EOQ
The values for Order cost and Carrying cost should be evaluated at least once in a year
taking into account any changes in interest rates, storage costs and operational costs.
Basic formulas for EOQ
Notation
Q= quantity ordered (units)
D= annual demand (units per year)
C= carrying cost for one unit in inventory for one year (Rs. per unit per year)
S= order cost (for buying) in (Rs. per order)
TSC= total stocking costs (Rs. per year)
EOQ= economic order quantity (the quantity that minimizes TSC
Cost formulas
Annual carrying cost =Average Inventory*C = (Q/2)*C
Annual Ordering Cost=orders per year*S= (D/Q)*S
TSC= carrying cost plus order cost == (Q/2)*C + (D/Q)*S
_____
______________
EOQ = √ 2DS/C and for the EOQ the minimum TSC=√ 2DSC = C*EOQ
Example for the Basic Model
D=annual demand (units per year) = 10,000
C=carrying cost for one unit in inventory for one year (Rs. per unit per year)=Rs. 4
S= order cost=Rs. 50
______
_____________
Then, EOQ = √ 2DS/C = √ 2*10,000*50/4 = 500 units per order
_____
_____________
And TSC= =√ 2DSC =√ 2*10,000*50*4 =Rs. 2,000 per year
FSN ANALYSIS
FSN analysis is a tool used for bringing out the list of slow moving/ non-moving material.
This report is based on the ratio of movement, which is arrived at based on the total
issues during the period of a particular item to its stock in hand. FSN analyses facilitate
categorization of items into Fast, Slow-moving and Non-moving.
Page 41 of 58
42. DURABILITY OF STOCK
Stock depends upon various factors some stock is for one year and another for more
than one year for example Cement cannot be stored for more than one year and steel
and bricks can be stored for more than one year .The information about the stock was
not provided so we can tell this much only about the stock.
AccoUntinG GUidelineS
The accounting guidelines that NHPC follows for stores accounting are
provided below:
Receipts from suppliers
All receipts shall be valued in the month in which the material is received and
accepted as per the GRN (goods receipt note) based on the bills received and
passed.
In case the bills have not been received/ processed, the receipts shall be
provisionally valued at the Purchase Order rates. Adjustments, if any, to the
provisional value shall be done at the time of actual bill passing in the month in
which the bill is passed. The material value, on account for such adjustments,
shall be affected for the future issues.
The purchases shall be valued at the landed cost i.e. basic price, excise duty,
sale tax, freight and other incidental expenses.
In case of imports, the cost of material shall include the following:
Custom duty, in case a GRN contains several items with different custom
duty rates, the custom duty amount for each individual item shall be absorbed
at the applicable rates.
Page 42 of 58
43. Port charges, landing charges and clearing agent's commission.
Local transport charges.
Other incidental expenses and local taxes, if any.
In case there is any amount payable by NHPC for freight and other incidental
expenses, it shall initially be debited to ‘Freight and incidental expenses on
inventory (foreign/ indigenous)’ on insurance of such expenses. This account
shall be adjusted in the manner given below:-
The balance in the ‘Freight and incidental expenses on inventory
(foreign/indigenous)’ account is to be reviewed periodically and the
nominal balance that may remain unadjusted at the year-end shall be
charged off to the P&L account. Necessary provision shall be created at
the year-end for any pending bills.
The following types of expenses shall be charged to the natural heads of
expenditure and shall not be included / loaded to the material purchase cost:
Costs of running of departmental trucks (i.e. of NHPC) used for bringing
the bought out material to stores from the suppliers site /intermediary
transit location, keeping in view the materiality concept and simplicity in
accounting.
Stores holding expenses / storage costs.
Receipts from other units
All receipts from other units shall be valued in the month in which the material is
received.
The stores transferred from other units shall be valued at the rate intimated in
the Inter Unit Advice (IUA) by the transferor unit.
The Store Transfer Note (In) (STN (IN)) contains the provisional/ final value of
the material transferred and the materials shall be valued on the basis of the STN
(IN) in the month material is received. The difference, if any, in the above
provisional value and the inter unit advice shall be adjusted in the store value in
the month in which inter unit advice from the sending unit is accounted for.
The cost of transport from the transferor store to the transferee store shall be
charged off to revenue expenditure.
Page 43 of 58
44. Returns out of material issued
The material returned to stores shall be valued at the original issue rate.
In case of return of material to stores after its use and such material being reusable (such as CGI Sheets, Steel, Timber etc.), the same shall be valued at a
price assessed by the concerned Engineer in consultation with the Purchase
Department and kept at a separate location from the good stores. However the
return price shall not exceed the current issue price of fresh material items as per
the PSL. The credit for such returns shall be given to the concerned account
head which was debited at the time of issue of material.
Physical Verification and Reconciliations
The balances as per the various party wise ledgers shall be reconciled with the
control account in the General ledger on a monthly basis.
The quantity balances as per the stock record of the Stores Department and
Price Ledger shall be reconciled periodically to ensure their accuracy.
The physical verification of materials in stores shall be carried out at least once in
a year. The physical verification of material at site shall be carried out half-yearly
intervals. The obsolete and unserviceable items should also be identified during
the physical verification.
Material at Site Account
As per NHPC systems for works, a numerical or quantity account called the
“Material at Site Account” of receipts, issues and balances have to be maintained
for all stores received in the consuming division, even through their value has
been debited to final Heads of Accounts; with a view to controlling the balances
efficiently until the stores are disposed off finally either by consumption or works
or otherwise. This Account is to be kept by the concerned Consuming Division.
Page 44 of 58
45. The treatment of the unconsumed material at site shall be as follows: In respect of material issued for Operation and Maintenance purposes, the
expense Head shall be credited for the unconsumed material in hand at the
end of the year. The value of the unconsumed material at site shall be valued
at the prevailing PSL rate at the end of the year.
In respect of material issued for capital purposes, no accounting entry is required to be
passed at the end of the year.
PROCUREMENT PROCESS
Procurement order/ Contract is a backbone of any commercial activity. The Finance
plays an important role in the procurement/ contracts. The role of Finance in NHPC is a
staff function. It has the concurrence power and as such the Finance has to critically
examine every proposal coming up for concurrence. The Finance Executive examining
the proposals for various types of contracts for procurement should be fully conversant
with the latest developments in the statutes, market conditions (both National and
International), policies/ programs/ planning/ objectives and delegation of power of the
Corporation.
TYPES/ CONDITIONS OF CONTRACT
Now days, various types of contracts are entered into by NHPC through National
Competitive Building (NCB) as well as through International Competitive Bidding (ICB).
In order to have uniformity in the Contracts being entered in to by different Projects of
the Corporation, “Standard General Conditions of Contract (GCC)” for Civil Contract,
Supply Contract, as well as Supply cum Erection Contract have already been approved
by the Competent Authority and circulated. Any change in the standard clauses of the
General conditions, which become necessary due to the site conditions, past
experience, or due to other reasons are incorporated in the “Special Conditions of the
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46. Relevant Contract (SCC)” and got approved from the Competent Authority. These
General Conditions of Contract can however be used only in case of National
Competitive Bidding (NCB).
PRE-TENDERING PROCESS
The procurement process is initiated based on the periodic procurement plan and
/ or purchase requisition in case of non- availability of any item in stores.
All proposals for procurement are prepared in the form of estimates, by the
indenting department before any expenditure or liability is incurred thereon. The
basic prerequisites to be fulfilled before starting the process for finalizing a
purchase order are:
• Administrative approval
• Expenditure sanction
• Technical sanction
• Appropriation or re-appropriation of funds
TENDERING PROCESS
Pre-qualification of Bidders
Tendering process starts only after the Competent Authority has approved the
PR. Normally the tenders are invited through Open Tender, Limited Tenders or
Single Tender. However, sometimes considering the estimated value/ nature/
technical requirement of the procurement, pre-qualification of the bidders are
resorted to whereby the capability of the probable bidder (both technical and
financial) is ascertained before one is allowed to bid for a particular procurement
tender. Pre-qualification of bidders is normally done to ensure selection of
resourceful, technically competent, and financially sound prospective bidders
with proven past performance for participation in the bidding process.
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47. The criteria of financial capability of the applicant are fixed taking into account the
completion period of the proposed work, requirement of the monthly cash flow for
the work, etc. Keeping these facts in view the minimum qualifying criteria for the
following are generally considered:
• Average annual turnover of the applicant
• Net worth of the company
• Profitability of the applicant
• Working capital of the company: The cash credit facility enjoyed by the applicant
from any bank or Financial Institution can be considered.
Once the bidders are selected on the basis of the PQ, tenders are invited only
from those pre-qualified bidders.
Vetting of tender documents
Before the Competent Authority approves the tender documents, it is sent to
Finance Department for vetting/ checking. The tender documents should also be
sent to Law Division wherever a legal opinion is involved or if there are changes
from the typical format of the tender documents issued by NHPC.
Generally, different types of contracts are executed depending on the nature of
the work to be executed. Examination of tender documents in Finance will
depend on the type of contract proposed therein.
While examining the tender documents, the finance should keep the following in
mind:
• Guidelines, policies, circulars issued from time to time by NHPC or
GOI
• Relevant tax laws, EXIM policy of the GOI, taxation laws of the state in
which the work is to be executed, price preference/ purchase
preference policy of GOI, FEMA, etc.
Any change in the approved terms and conditions should be examined critically
to see whether the proposed change is in the overall interest of NHPC.
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48. ISSUE OF TENDER DOCUMENT
Once the Competent Authority approves the tender documents, the tender is
notified through Notice Inviting Tender (NIT) giving wide publicity either through
press advertisements or through other means depending on the estimated cost,
type of tender like open tender/ limited tender/ single tender, etc. as per the
policy of the corporation.
The procurement department receives the request/application for the tender
documents from vendor (in response to the NIT). The tender fee is received in
form of cheque/ demand draft (DD) only, as per guidelines issues by NHPC from
time to time.
The procurement department forwards a summary of tender documents along
with the cheque/ DD to the finance department for necessary accounting and action
Tender opening
Tender opening will be done by a Tender Opening Committee (TOC) constituted
by a Competent Authority in which one member is from Finance. The authorized
representatives of the bidders are also invited to be present at the Tender
Opening, if they wish so.
Generally the bidders are asked to furnish EMD in a separate envelope which
shall be opened first. Techno-commercial/ price bids of only those bidders who
have submitted the requisite amount of EMD shall be opened and considered for
further evaluation.
A spot report of the tender opening, indicating there in the following, shall be
prepared and signed by all the members of TOC:
• Number of tenders received.
• Name of the bidders.
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49. • Number of tenders received late and not considered.
• Amount of EMD/ bid security
• Rates of taxes and duties quoted by the bidder.
• Amount/ rate of discount, if any, offered by the bidder.
EVALUATION OF TENDERS
The evaluation of the Tenders is done by the duly approved Tender Evaluation
Committee (TEC). This evaluation is normally done in two stages. The first stage is
techno-commercial evaluation vide which the responsiveness to the technical
specifications laid down in the tender and the commercial terms and conditions are
seen.
The TEC at this stage obtains clarification and confirmations from the bidders if any
required. After the deliberations on the tender along with the clarifications by the bidders
the TEC recommends the bidders whose Price Bids are to be opened. The
recommendations of the TEC and the date of the opening of Price Bid is got approved
by the Competent Authority and the same is intimated to the bidders to enable their
representative to be present at the Price Bid Opening if they wish so.
Checking/ vetting of comparative statements
While checking the comparative statements in finance the following aspects have to be
verified:
1. The rates taken in the comparative statement are mentioned in the original price
schedule.
2. Wherever there is a variation between rates quoted in words as well as in figures,
the rates mentioned in words are taken for comparison.
3. If there is a variation between the rate of any individual item and the total amount
(i.e. quantity multiplied by rates) the unit rate is taken for comparison purpose
and accordingly the total will be corrected.
4. All arithmetical calculations are checked for accuracy.
After checking the comparative statement in Finance, the Finance Executive, should
record a certificate under his signature.
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50. The TEC then scrutinizes the comparative statement and after obtaining the approval of
the Competent Authority negotiates with the first lowest bidder if required. The
recommendations of the TEC are then put up to the Competent Authority (Board in the
case of Major Contracts) for approval and subsequently process for issue for letter of
award.
Vetting of letter of award
Vetting of letter of award to be issued to the successful tenderer (First lowest tenderer)
after approval of Competent Authority, is to be done in the Finance. The Finance will
check that:
• The particulars regarding quantity, quality and rates are clearly brought out.
• The particulars of the contracts providing payment terms, taxes and duties, price
variation clauses, performance guarantee, liquidated damages, delivery/
construction schedule, place of delivery, dispatch instruction, name of consignee,
penalty for delay, etc.
• No undue liability is imposed on NHPC due to omission of a necessary clause or
insertion of an unauthorized clause or by faulty wording of any conditions
• All the changes agreed to at the time of pre award discussion between the
supplier and the TEC and approved by the Competent Authority have been
incorporated suitably in the final agreement
Finance executive has to ensure that at every stage of tendering, approval of the
Competent Authority has been obtained.
PROCESSING OF PSL (PRICE STORE LEDGER)
This process deals with the procedure for valuation of material and Processing of Price
Store Ledger (PSL) by NHPC.
The following documents are used to record transactions in the PSL:
• Goods received note (GRN) for receipt of material from suppliers
• Material Return Note (MRN) for return of material with the unit
• Store Transfer Note- IN (STN-IN) for receipt of material from other units
• Material Issue Note (MIN) for issue of material to the indenting department within
the unit
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51. •
•
Store Transfer Note-OUT (STN-OUT) for issue of material to other units
Store Adjustment Note (SAN) for making any adjustment in the stores.
PROCEDURE OF STORES ACCOUNTING
WORK
SUPPLY
End-user
SERVICE
MR (material requisition)
Yes-MIN (material Issue
Note
Store division
No-NAC (non availability
End-user department
PR (purchase requisition)
P&C division (procurement and contract division)
Tendering (lowest bid)
P&C division – issues SO (supply order)
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52. Supplier – supply to store
Store division GRS (goods receipt sheet)
Inventory A/c
…..Dr.
To Store payment control A/c
End user MR (material requisition)
Store Division- yes (MIN)
Fixed asset ………… Dr.
To inventory
Invoicing
store division
Store Payment…… Dr.
To sundry creditors A/c
Payment
finance
Sundry creditor …..Dr.
To bank A/c
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finance division
53. INVENTORIES
(` in Crore)
Particular
As at 31st
march,’12
As at 31st
march,’11
(Valuation as per Accounting Policy No. 7)
64.38
57.46
i) Stores and spares
0.42
64.80 1.12
58.58
Stores in transit/ pending inspection
ii) Loose tools
1.45
1.38
iii) Scrap inventory
1.75
2.36
iv) Material issued to contractors/ fabricators
0.66
0.29
24.85
28.90
43.81
33.71
28.90
23.07
1.63
16.95
-
0.01
Amount used during the year
1.46
10.18
Amount reversed during the year
4.22
0.95
v) Less: Provision for obsolete store & spares *1
Provisions for obsolete store & spares *1
Opening Balance
Addition during the year
Adjustment during the year
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54. Closing balance
24.85
28.90
INTERPRETATION & ANALYSIS
Valuation as per accounting•
•
•
As we have seen in table the inventories of PHEP 2 is increasing year by
year which tends to growth.
The decrease in Scrap inventory shows that in 2012 there is efficient
utilization of inventory as compared to 2011.
The figure of provision for obsolete store shows 4.05 crore difference ,
which reveals profitable ratio.
Materials are procured by tendering process. In certain emergency situations of
shortage of materials, a committee is formed to perform market survey &
purchase the required materials through local purchase.
Materials to be bought are either inspected at the supplier’s place or after
receiving at the stores of corporation.
Issue of materials from stores is based upon the indent requisition & availability
of materials in stores.
Rate of materials issued by the stores is determined by “Weighted average
method” in N.H.P.C.
NHPC has bought a customized MMS (Materials Management System) package
from TCS for Rs. 14 lakhs to maintain the stores records & to connect this
system with other sites & Projects also.
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55. But due to non-availability of basic infrastructure this system is not functioning
fully yet.
In NHPC no specific method of inventory management is being employed.
Orders of requisition are based upon the approximate consumption of materials
& the past experience of the department.
FINDINGS
Hydro‐power projects typically require a long gestation period thus posing a risk
of delay in execution.
Over all position of company is good but there is need to more improvement.
Parbati Project Stage-II is committed to spend Rs. 35.40 crore for habitat
improvement and conservation of endangered species like Jujurana (Western
Tragopan) in GHNP(Great Himalayans National Park )
Theoretical as well as practical knowledge is being adopted in PHEP-2 regarding
their stores management.
LIMITATIONS
Inadequate power generation capacity;
Lack of optimum utilization of the existing generation capacity;
Inadequate inter-regional transmission links;
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56. Inadequate and ageing sub-transmission & distribution network leading to power
cuts and local failures/faults;
Large scale theft and skewed tariff structure;
Slow pace of rural electrification;
Inefficient use of electricity by the end consumer.
Lack of grid discipline
CONCLUSION
NHPC Limited has several units, which are engaged in operation of generating
electricity or are under construction stage. Various types of stores inventory need to be
maintained to ensure smooth running of these power stations and construction of the
units under construction. The purchase and stores accounting procedures shall be
subject to NHPC’s policy for procurement of stores, delegation of powers and
administrative instructions issued in this regard from time to time. The stores inventory
includes inventory for construction (like steel, cement, etc.) as well as for operation
purposes. NHPC uses all the procedure and guidelines for the stores management
discussed in the report.
RECOMMENDATIONS
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57. Procurement of materials is based upon the requisitions being asked to each
department which in turn are based upon the past experiences and approximate
consumption of materials by the corporation.
This implies that there is no inventory method being employed by NHPC. No
re-order level is being determined so it sometimes may lead to shortages of materials at
worksites which lead to wastage of many valuable working hours and financial
resources.
BIBLIOGRAPHY/REFERENCES
BOOKS
•
Manual of N.H.P.C.
•
Hand book of N.H.P.C.
•
Magazines of N.H.P.C.
•
N.H.P.C. news
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