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Powerful Growth Naturally! Powerful Growth Naturally! nd NTPC Limited (A Govt. of India Enterprise) 32 2007-2008 WorldReginfo - 0c6f1abb-6d65-4054-9a3e-de9810cfc72e VISION “A WORLD CLASS INTEGRATED POWER MAJOR, POWERING INDIA’S GROWTH, WITH INCREASING GLOBAL PRESENCE” CORE VALUES (B-COMIT) BUSINESS ETHICS CUSTOMER FOCUS ORGANISATIONAL & PROFESSIONAL PRIDE MUTUAL RESPECT & TRUST INNOVATION & SPEED TOTAL QUALITY FOR EXCELLENCE CORPORATE 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 ” WorldReginfo - 0c6f1abb-6d65-4054-9a3e-de9810cfc72e CORPORATE OBJECTIVES To realise the vision and mission, eight key corporate objectives have been identified. These objectives would provide the link between the defined mission and the functional strategies: Business portfolio growth - To aim for performance excellence in the diversification • To further consolidate NTPC’s position as the leading thermal businesses. power generation company in India and establish a presence - To embed quality in all systems and processes. in hydro power segment. Human Resource Development • To broad base the generation mix by evaluating conventional • To enhance organisational performance by institutionalising and non-conventional sources of energy to ensure long run an objective and open performance management system. competitiveness and mitigate fuel risks. • To align individual and organisational needs and develop business • To diversify across the power value chain in India by leaders by implementing a career development system. considering backward and forward integration into areas such as power trading, transmission, distribution, coal mining, coal • To enhance commitment of employees by recognising and beneficiation, etc. rewarding high performance. • To develop a portfolio of generation assets in international • To build and sustain a learning organisation of competent markets. world-class professionals. • To establish a strong services brand in the domestic and • To institutionalise core values and create a culture of team- international markets. building, empowerment, equity, innovation and openness which would motivate employees and enable achievement Customer Focus of strategic objectives. • To foster a collaborative style of working with customers, Financial Soundness growing to be a preferred brand for supply of quality power. • To maintain and improve the financial soundness of NTPC by • To expand the relationship with existing customers by offering prudent management of the financial resources. a bouquet of services in addition to supply of power e.g. trading, energy consulting, distribution consulting, • To continuously strive to reduce the cost of capital through management practices. prudent management of deployed funds, leveraging opportunities in domestic and international financial markets. • To expand the future customer portfolio through profitable diversification into downstream businesses, inter alia, retail • To develop appropriate commercial policies and processes which distribution and direct supply. would ensure remunerative tariffs and minimise receivables. • To ensure rapid commercial decision making, using customer • To continuously strive for reduction in cost of power generation specific information, with adequate concern for the interests by improving operating practices. of the customer. Sustainable Power Development Agile Corporation • To contribute to sustainable power development by • To ensure effectiveness in business decisions and discharging corporate social responsibilities. responsiveness to changes in the business environment by: • To lead the sector in the areas of resettlement and rehabilitation - Adopting a portfolio approach to new business and environment protection including effective ash-utilisation, development. peripheral development and energy conservation practices. - Continuous and co-ordinated assessment of the business • To lead developmental efforts in the Indian power sector environment to identify and respond to opportunities and through efforts at policy advocacy, assisting customers in threats. reforms, disseminating best practices in the operations and management of power plants etc. • To develop a learning organisation having knowledge-based competitive edge in current and future businesses. Research and Development • To effectively leverage Information Technology to ensure • To pioneer the adoption of reliable, efficient and cost-effective speedy decision making across the organisation. technologies by carrying out fundamental and applied research in alternate fuels and technologies. Performance Leadership • To carry out research and development of breakthrough • To continuously improve on project execution time and cost techniques in power plant construction and operation that in order to sustain long run competitiveness in generation. can lead to more efficient, reliable and environment friendly • To operate & maintain NTPC stations at par with the best-run operation of power plants in the country. utilities in the world with respect to availability, reliability, • To disseminate the technologies to other players in the sector efficiency, productivity and costs. and in the long run generating revenue through proprietary • To effectively leverage Information Technology to drive process technologies. efficiencies. 32nd Annual Report 1 WorldReginfo - 0c6f1abb-6d65-4054-9a3e-de9810cfc72e REFERENCE INFORMATION Registered Office Bankers NTPC Bhawan, SCOPE Complex , Allahabad Bank 7,Institutional Area, Lodi Road, Andhra Bank New Delhi – 110 003 Bank of Baroda Phone No. : 011-2436 0100 Canara Bank Fax No. : 011-2436 1018 Central Bank of India Web site : www.ntpc.co.in Dena Bank Indian Bank Subsidiaries Indian Overseas Bank NTPC Electric Supply Company Ltd. ICICI Bank Ltd. NTPC Hydro Ltd. Jammu & Kashmir Bank Ltd. NTPC Vidyut Vyapar Nigam Ltd. Oriental Bank of Commerce Pipavav Power Development Company Ltd. Punjab National Bank Kanti Bijlee Utpadan Nigam Limited Punjab & Sind Bank (Formerly Vaishali Power Generating Company Ltd.) State Bank of Bikaner & Jaipur Bhartiya Rail Bijlee Company Limited State Bank of Mysore State Bank of Hydrabad Ragistrar & Share Transfer Agent State Bank of India Karvy Computershare Pvt. Ltd. State Bank of Patiala 17-24, Vittal Rao Nagar, Madhapur State Bank of Travancore Hyderabad – 500 081 State Bank of Saurashtra Phone No. : 040-2342 0815-28 UCO Bank Fax No. : 040-2342 0814 Union Bank of India E- Mail – Id : [email protected] United Bank of India Vijaya Bank Shares listed at National Stock Exchange of India Limited Auditors Bombay Stock Exchange Limited M/s Varma & Varma M/s B.C. Jain & Co. Depositories M/s Parakh & Co. National Securities Depository Limited M/s S.K. Mittal & Co. Central Depository Services (India) Limited M/s Dass Gupta & Associates M/s S.K. Mehta & Co. Company Secretary A.K. Rastogi 2 32nd Annual Report WorldReginfo - 0c6f1abb-6d65-4054-9a3e-de9810cfc72e CONTENTS • Letter to Shareholders ......................................................................................................................................................... 5 • Notice of AGM ..................................................................................................................................................................... 7 • Achievements & Accolades .............................................................................................................................................. 13 • Station-wise Generation ................................................................................................................................................................................................................................................................................................... 15 • Selected Financial Information ......................................................................................................................................... 17 • Directors’ Profile ................................................................................................................................................................... 18 • Senior Management Team .................................................................................................................................................. 22 • Directors’ Report .................................................................................................................................................................. 23 • Management Discussion and Analysis............................................................................................................................. 34 • Report on Corporate Governance..................................................................................................................................... 56 • Accounting Policies ............................................................................................................................................................ 82 • Balance Sheet ...................................................................................................................................................................... 86 • Profit & Loss Account .......................................................................................................................................................... 87 • Cash Flow Statement
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