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Tamralipihouse Journal of Hindustan Copper Limited | Vol TAMRALIPIHouse Journal of Hindustan Copper Limited | Vol. 72 | July 2015-Feb 2016 From the Chairman's Desk My dear Colleagues, The current financial year 2015-16 is drawing to a close. During the year, on production front, we have recovered the ground lost in FY 2014-15. However, gains in production have been offset due to sharp decline in LME prices of Copper and the year has been a tough one for all of us. The fiscal 2015-16 will go down in the annals of HCL's history for acquisition of Jhagadia Copper Ltd. (now named as Gujarat Copper Project) as our fifth Unit and for initiating Malanjkhand Underground Expansion Project which is flagship expansion project of the Company. Both of these measures are vital for the long term sustenance of the Company. As you are already aware, our bottom line and our earnings are greatly influenced by the LME Copper prices and Exchange Rates. In the next fiscal, the global market will continue to remain sluggish, therefore the need of the hour is to reduce our cost of production by all possible means. To help tide over the crisis all are welcome to come up with suggestions, innovations for improvement of systems/ procedure/process etc. particularly in the areas focused on reducing cost of production, reducing wastages, maximizing revenue and generating fund. As they say, a chain is as strong as its weakest link. Hence, the need of the hour is to improve upon each of our operational processes and to plug all the gaps that may make the Company bleed. Each and every individual has the capacity of making a difference to the organization. Therefore, here and now we ought to tighten our seatbelts and put in our best possible efforts. It is needful to have the courage and conviction to overcome all the roadblocks and march ahead. As the going gets tough, the tough gets going. We, as a Company, have shown exemplary strength in the past to overcome all the odds. So I am sure that, come what may, we will do it in future. Our commitment will see us through all headwinds. And succeed we must. Wishing you all good times and prosperity! Kailash Dhar Diwan Chairman cum Managing Director 2 CORPORATE NEWS Mines Secretary visits Corporate Office Shri Balvinder Kumar, Secretary, Ministry of Mines visited the then Director (Operations), V. V. Venugopal Rao, the Corporate Office on 05.08.2015. He had an interactive Director (Finance) and other senior executives of the session with S/Shri K. D. Diwan, Chairman-cum-Managing Company. He was also apprised of the current scenario of Director, Anupam Anand, Director (Personnel), S Nanda, the organisation. Shri Balvinder Kumar, Secretary, Mines, interacting with Shri K.D. Diwan, CMD, HCL, and S/Shri Anupam Anand, Director (Personnel), S. Nanda, the then Director (Operations), V.V.Venugopal Rao, Director (Finance) and other senior executives of the Company. New Joint Secretary, MOM joins Shri Nikunja Bihari Dhal, an IAS Officer Odisha. As a Commissioner of Commercial Taxes, he of 1993 batch (Odisha cadre), took over successfully transformed the functioning of the Commercial as the Joint Secretary, Ministry of Mines, Tax Department, Government of Odisha, by introducing in September, 2015. He joined the Indian various business-centric e-governance services. Administrative Service (IAS) after As the Vice-Chairman of the Bhubaneswar Development graduating in Production Engineering Authority, he guided the preparation of a futuristic and from IIT, Delhi. He also has an MPA environment friendly Building Standards Regulation for (Master of Public Administration) Degree the city of Bhubaneswar. During his tenure as the Collector from Syracuse University, New York, USA. of Koraput, Sundergarh and Angul districts, he initiated Prior to his current posting, he was the Joint Secretary, various innovative measures for empowerment of women Ministry of Health & Family Welfare, since January, 2013. and tribal communities and the Panchayati Raj Institutions. He also held the post of Director, Cabinet Secretariat. He has also worked in Education, Rural Livelihood & He worked in various capacities in the Government of Industrial Development Sectors. 1 New Director (Mining) takes over Shri Sanjay Kumar Bhattacharya Shri Bhattacharya has 34 years of diversified work assumed charge as the Director experience in Copper mining out of which 15 years at HCL, (Mining), HCL, on 15.09.2015. Prior to eleven years in Iron Ore mining at the National Mineral this, he was posted as General Manager Development Corporation (NMDC), in Bauxite mining (Mines) at Malanjkhand Copper Project for three years at BALCO and in construction activities for of Hindustan Copper Limited. infrastructure developments like State Highways, mining An Engineering graduate in Mining of Rock-Phosphate & Bauxite Minerals for State Govt. and from the Govt. College of Engineering & Technology, State Mining PSUs through private participation for five Raipur (currently NIT Raipur) and a qualified Mining years. Person under the Mines Act 1952, Shri Bhattacharya has He has also taken part in Government delegation to a First Class Mines Manager Certificate of Competency to Argentina, Republic of Syria, Senegal and Tunisia for manage Open Cast Metalliferous Mines. He also obtained an resourcing of fertilizer minerals to India. MBA in International Business from Annamalai University, Chennai, through correspondence. New Director (Operations) joins Shri Santosh Sharma has taken over as the in mines and plants and benchmarking and specific Director (Operations),from 01.03.2016. consumption of Energy. He piloted the conduct of a Shri Sharma had joined Hindustan Copper systematic health study of the plant by an expert agency. Limited, Corporate Office, as the General Prior to joining Hindustan Copper Limited, he was DGM Manager (Operations) on 26.04.2013. (Projects) in Bhilai Steel Plant, where he was the recipient of Thereafter he became the Executive Director Jawahar Award for outstanding performance. He was also (Operations) and also assumed charge as the Unit Head of with Steel Authority of India Limited (SAIL). the recently acquired Gujarat Copper Project in June, 2015. An electrical engineer by profession of 1982 batch, Shri Shri Sharma’s contribution to the Company has been Sharma has an L.L.B and an MBA in Marketing. He had pioneering in the areas of energy conservation, cost joined Bhilai Steel Plant (BSP) of Steel Authority of India control, ISO implementation, increasing by-product credit, on 16.03.1983 as a Management Trainee and had worked systematization of ‘Preventive / Predictive’ maintenance his way up. New part-time non-official Directors Shri Hemant Mehtani has been appointed Shri Mehtani is the Governing Council Member of National part-time non-official Director on the Board Institute of MSME, Govt. of India, for 2014-16. He was the of Directors of Hindustan Copper Limited ZRUCC Member of Western Railway, Mumbai, as well as with effect from 17.11.2015. the President of Association of Industries, Madhya Pradesh, An industrialist by profession, Shri a State-Level SME organization of MP, from 2013 to 2015. Mehtani has a Masters in Commerce from Devi Ahilya He has been awarded the Best Intermediary Association Vishwavidyalaya, erstwhile Indore University. A first for SME for the country in July 2014 and also for Highest generation entrepreneur and a social figure, he was born Membership Association in March 2015. and brought up in Indore. He started his business in the Apart from these, he has been the Vice-President, Federation year 1984 with a manufacturing unit of One Time Carbon of Chamber of Commerce and Industries, Bhopal, and is Paper extensively used in computers. He later diversified associated with a number of academic institutions, clubs, the business into Warehousing & Constructions. industrial and autonomous bodies and business fora in various honorary capacitates. Shri Mehtani is married and has two children. 2 Smt Simantini Jena has been appointed part- He has held various positions in key economic Ministries time non-official Director on the Board of under both the State and Central Governments of India. Directors of Hindustan Copper Limited with Before joining as Secretary, Ministry of Steel, he was effect from 17.11.2015. Secretary, Department of Public Enterprises. An M.A. in History, B.Ed and LLB from Utkal His hobby is bird-watching and touring the wilds. University, Smt Jena also has a Multimedia Shri Niranjan Pant has been appointed Diploma from NIIT. She has been a citizens’ and civil liberty part-time non-official Director on the Board activist, has taken part in human rights awareness camps, of Directors of Hindustan Copper Limited constitutional awareness workshops, health programs and with effect from 01.12.2015. legal awareness programs, relief & rehabilitation programs A retired Deputy Comptroller & Auditor as well as educational programs (some in participation with General of India and a member of the the Government). Smt Jena had conducted programs for jail Indian Audit & Accounts Service, Shri Pant is also a inmates and had played a significant role in formation of Fellow of the International Auditor Fellowship Program Self-help Groups. of the Government Accounting Office, United States, now Her body of work also includes serving several legal cells, renamed as the Government Accountability Office (GAO). educational trusts and foundations, welfare associations, He has a vast exposure in strategic overall management of civil liberty fora and media groups in various honorary CAG’s audit of Local Bodies, State Governments, Central capacities. She has a number of published works to her Government, Public Sector Enterprises, Railways in the credit as well. Smt. Jena is a Rashtriya Akta Awardee by CAG’s HQ as well as in various field offices. State Bank of India, Odisha in 2004, for working on a near- extinct Adivasi language “KWI”. Earlier he has been Chairperson (ex-officio), Government Accounting Standards Advisory Board (GASAB), Principal She had also been a teacher in the past and is presently Accountant General in Gujarat, CAG’s Team Leader of teaching History and English part-time in Pokhariput Govt.
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