Summer project in NTPC Ltd korba during MBA Study's

1. A presentation of Summer Project
completed for requirement of MBA Degree at
PTU, Jalandhar
“A STUDY OF RETIREMENT BENEFITS OF NTPC LTD KORBA”
Presented By:
Bed Prakash Dhirhey
MBA Sem. IV
(HR & Marketing)
Roll No. 10208380066

2. RETIREMENT BENEFITS
RETIREMENT
Retirement is the point where a person stops employment completely. A person
may also semi-retire by reducing work hours, it also known as superannuation.
Definition of Superannuation:
An organizational program created by a company for the benefit of its employee,
also referred to as a “company pension plan”
BENEFITS
Various types of facilities given to a person who has got his retirement after long
service for an organization or any firms those facilities are known as retirement
benefits. It includes Pension, Gratuity, Leave Payments, Medical facilities etc.

3.  TYPES OF RETIREMENT
Retirement on Superannuation
Voluntary Retirement
Compulsory Retirement
 IMPORTANCE OF RETIREMENT
Rising Life expectancy
Optimum asset allocation
Medical Expenses and Health Care
for a long term

4. Registered Office:
NTPC BHAWAN, SCOPE COMPLEX
7, INSTITUTIONAL AREA, LODHI ROAD
NEW DELHI-110003
Web site: www.ntpc.co.in
SUBSIDIARIES SHARES LISTED AT
NTPC Electric Supply Company Ltd. National Stock Exchange of India Ltd.
NTPC Hydro Ltd. Bombay Stock Exchange Limited
NTPC Vidyut Vyapar Nigam Ltd.
Kanti Bijlee Utpadan Nigam Ltd.
Bhartiya Rail Bijlee Company Ltd.

5. VISION AND MISSION
Shri Arup Roy Choudhury
Chairman & Managing Director
VISION
“To be the world’s largest and best power producer, powering India’s growth.”
MISSION
“Develop and provide reliable power, related products and services at
competitive prices, integrating multiple energy sources with innovative and
eco-friendly technologies and contribute to society.”

6. EVOLUTION OF NTPC
1975 1997 2004 2005 2010
• NTPC WAS • IN 1997, GOVT. • BECOME A • THE COMPANY • IN MAY 2010,
SETUP IN 1975 OF INDIA LISTED RECHRISTENED GOVT. OF INDIA
WITH 100% GRANTED NTPC COMPANY WITH AS NTPC LTD TO GRANTED NTPC
OWNERSHIP BY STATUS OF MAJORITY CHANGE ITS STATUS OF
THE GOVT. OF “NAVRATNA” GOVT. BUSINESS “MAHARATNA”
INDIA IN THE BEING ONE OF OWNERSHIP OF PORTFOLIO AND BEING ONE OF
LAST 30 YEARS; THE NINE 89.5%.THIRD TRANSFORM THE FIVE
NTPC HAS JEWELS OF LARGEST BY ITSELF FROM A JEWELS OF
GROWTH INTO INDIA, MARKET THERMAL INDIA,
THE LARGEST INHANCING THE CAPATILIZATION POWER UTILITY INHANCING THE
POWER UTILITY POWER TO THE OF LISTED TO AN POWER TO THE
IN INDIA. BOARD OF COMPANY. INTEGRATED BOARD OF
DIRECTORS POWER UTILITY DIRECTORS

7. ADDRESS: P.O. Vikas Bhawan, Jamanipali-495 450,Dist. Korba, Chattisgarh
Approved capacity: 2600 MW Installed Capacity: 2600 MW
Coal Source: Kusmundha Block, Gevra Mines Water Source: Hasdeo River
Beneficiary States: Madhya Pradesh,Chattisgarh, Maharashtra, Gujarat, Goa, Daman, Diu & Nagar Haveli
Approved Investment: Rs. 2448.49 Crore
Unit Sizes: Stage - I: 3x 200 MW, Stage -II: 3x 500 MW, Stage -III: 1x500 MW
Units Commissioned: Unit -I 200 MW March 1983, Unit -II 200 MW October 1983
Unit -III 200 MW March 1984, Unit -IV 500 MW May 1987
Unit -V 500 MW March 1988, Unit -VI 500 MW March 1989
Unit -VII 500 MW December 2010
GENERAL MANAGER- Mr. S. K. ROY
DGM- GC SURDEV
Sr. MANAGER- NANDINI ANUJ

8. Power Plant Process Flow Chart
Coal Transportation
& Handling SECL MGR CHP
Gen Tx. C
Milling U
Steam S
Boiler Turbine Generator T
O
Steam Electricity M
Generation & E
R
Transmission Switch Yard S
Ash
Chimney
ESP
Ash Manual Transport
Utilization
Customers
Auto Loading
from SILO

9. RESEARCH OBJECTIVES
a. To find out the awareness among employees of NTPC Ltd. Korba
regarding their retirement policies and procedures.
b. To find out the employees of NTPC Ltd. Korba, are satisfied or not with
their retirement benefits.
c. To know the retirement benefits provided by the NTPC Ltd. Korba.

10. RESEARCH MATHODOLOGY
This is an exploratory research in which objective is to find out the Retirement
Scheme in NTPC Ltd Korba. The research is done by the Survey method by
doing a survey on the employees. The Stratified Random Sampling is used to
select the respondents from the whole population. The survey is done by the
method of questionnaire.
The research has been done in five steps:
Literature survey
Formation of the questionnaire/ interview questions
Data collection
Data analysis
Conclusion

11. PRIMARY DATA
Methodology: The methodology that was adopted to collect the primary data for
research purpose can be divided in to two stages:
 Questionnaire
 Analysis:
Sample Size: 60 Employees
Research Tools: The research tools used for the research are:
Questionnaire and Structured Interviews
Questionnaire:
The Questionnaires used in the research is of subjective in nature. The questionnaire
which was designed for the Employees has 11 questions.
The questionnaires carry the respondent’s department and his/her division.
The sample size taken of the company’s employees has left up to 5 years for their
retirement.

12. ANALYSIS AND INTERPRETATION
Are you aware of the following retirement benefits of NTPC?
 Gratuity Fund
Rating Total Respondents % of Respondents
AWARE 58 96.67
NOT AWARE 02 03.33
Employee Awareness
AWARE
NOT AWARE

13. Were you ever a member of any pension policy from outside
NTPC?
Rating Total Respondents % of Respondents
YES 07 11.57
NO 53 88.33
Sales
YES
NO

14. I think my pension will be adequate for me after my retirement
Rating Total Respondents % of Respondents
Strongly Disagree 28 46.67
Disagree 12 20
Neither Agree Nor 08 13.33
Disagree
Agree 11 18.33
Strongly Agree 01 01.67
Adequacy of Pension after Retirement
50
45
40
35
30
25 Adequacy of Pension after
20 Retirement
15
10
5
0
Strongly Disagree Neither Agree Agree Strongly
Disagree Nor Disagree Agree

15. FINDINGS
1. Majority of Employees i.e. 81.68% are aware about the retirement benefits given by the NTPC
Ltd.
2. 32.64% Employees don’t know the basic criteria for Retirement Benefits of NTPC Ltd.
3. Only 11.57% Employees have taken another pension policy outside of NTPC Ltd.
4. Maximum Employees are satisfied with other retirement benefit(Retirement Identity
Card, Farewell gift, Travelling allowance, Baggage charge and Packing charge) given by NTPC
Ltd at the time of their retirement, i.e. 88.99%
5. Most of the respondent’s i.e. 55% Agree including 15% Strongly Agree that they are aware of
various procedures for applying for gratuity in Voluntary Retirement Scheme and
Superannuation; rest, 10% Strongly Disagree, 16.16% Disagree, and 18.33% Neither Agree
Nor Disagree
6. Most of the respondent’s i.e. 66.67% strongly Disagree including 20% Disagree that their
pension will be adequate for after retirement life; rest, 18.33% agree, 1.67% strongly
agree, and 13.33% Neither Agree nor Disagree

16. 7. Most of the respondent’s i.e. 58.34% Agree including 18.33% Strongly Agree and one of
them said “Human needs is like a infinitive” so that limitation of leave payment is acceptable
for them.; rest, 25% Strongly Disagree, 13.33% Disagree, and 3.33% Neither Agree Nor
Disagree.
8. Only 3.33% employees said that the process of retirement benefits used has difficult and
retirement benefits are not given on time as when they become due.
9. 28.33% Employees are disagreeing that Medi-Claim insurance is adequate for retired
employee and his /her spouse rest 45% are agree including 15% strongly agree and 21.67%
are not sure that they are agree or disagree.
10. Most of the respondent’s i.e. 70% Agree including 30% Strongly Agree that their service is
motivated by the retirement benefits of NTPC Ltd.; rest, 1.66% Strongly Disagree, 6.67%
Disagree, and 21.67% Neither Agree Nor Disagree.

17. SUGGESTION
1. The accumulation of leave days should be increased.
2. Informal discussion between employers and employees should be
conduct.
3. Pension should be provided on the basis of their salary.
4. Bus facility should be provided to the retired local person from NTPC to
CHAMPA.
5. The process for getting pension should be made easy so that employees
can get without much difficulty.
6. The leaving time of NTPC houses after retirement should be increased
from 4 months to 6 months.
7. Pension to employees should be provided on timely.
8. Adequate training must be conducted to make informed the employees
about the various benefits.

18. CONCLUSION
The hypothesis that we have assumed is true that good retirement scheme
brought by the HR department of NTPC Ltd for its employee’s.
Maximum employees are aware to the procedure and criteria of retirement
benefits.
A retirement benefits must satisfy the retired employee and it’s satisfied
the majority of NTPC’s employees.