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Summer Training Report

Aug 27, 2014

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SUMMER TRAINING REPORT AtNTPC LTD. SIPAT Submitted for the Partial fulfillment of the requirement for the award of the degree of Master of Business Administration (MBA)

Submitted By: NAMRATA GUPTA ROLL NUMBER:

2011 DEPARTMENT OF MANAGEMENT STUDIES GURU GHASIDAS VISHWAVIDYALAYA, BILASPUR (C.G.)495009 (A Central University)

DECLARATIONI, Namrata Gupta, a student of MBA II Semester in the year 2010-2011 (Roll No.) hereby declare that, I have undergone training at NTPC Ltd. SIPAT, Bilaspur (C.G.). This report is an original work carried out by me and the report has not been submitted to any other University for the award of any degree or diploma.

Date: Place:

Namrata gupta MBA II Semester 2010-11

PREFACEMBA is a stepping stone to management career. In order to achieve practical, positive and concrete results, the classroom learning need to be effectively fed to the realities of the situation existing outside the classroom. This is practically true for management. Human resource is one of the interesting subject which is back bone of every organization. To develop healthy managerial and administrative skills in the potential managers it is necessary that theoretical knowledge must be supplemented with exposure of real environment. Actually it is very vital for the management and it is in the practical training that the measuring of management is itself realized. The report on Employee Benefits at NTPC Ltd. SIPAT is a study about the benefit practices prevailing in NTPC Ltd. to boost the morale of employees and to develop a sense of belongingness and security among them and thereby motivating them to contribute to the attainment of the objectives of the organization.

ACKNOWELDGEMENTI am truly thankful to all the faculties / guides who imparted the lectures on various subjects/ topics and took us to the plant in a guided study visit along with detailed explaining about the plant and machinery. I specially would like to thank Mr. Wilson Abraham (Manager HR), Mr. N. Surenthiran (Sr. Officer HR), Mr. Abhishek Gupta (ET), Mr.Alok Ranveer (Manager HR) and Mr. Virendra Pratap (Sr. Officer HR) without them I would not have completed my project successfully. I would also like to thank the human resource department / employee development for permitting and organizing the training program for us.

CONTENTS1. 2. 3. 4. 5. 6. 7. 8. 9.

INTRODUCTION TO NTPC LTD. VISSION AND MISSION OVERVIEW POWER GENERATION AT NTPC DIVERSIFIED GROWTH SUBSIDIARIES FUTURE CAPACITY ADDITIONS NTPC LTD. SIPAT HRM AT NTPC LTD. 22

1 2 3 4 8 10 12 20

10. EMPLOYEE BENEFITS 11. OBJECTIVES OF EMPLOYEE BENEFITS

26 28 29 29 35 36 39 43 49 53 64 66

12. WHO SHOULD RECEIVE BENEFITS13. TYPES OF BENEFITS 14. ADVANTAGES OF EMPLOYEE BENEFITS 15. EMPLOYEE BENEFITS AT NTPC LTD. 16. ALLOWANCES 17. LOANS AND ADVANCES 18. SOCIAL SECURITY 19. LEAVES AND HOLIDAYS

20. PERFORMANCE RELATED PAY21. ADDITIONAL BENEFITS

22. CONCLUSION 23. BIBLIOGRAPHY

69 70

NTPC LTD. INTRODUCTION

Type Traded as

State-owned Public enterprise BSE: 532555 NSE: NTPC

Founded Headquarters Key people

1975 Delhi, India Arup Roy Choudhury (Chairman & MD)

Products Revenue Net income Employees Website

Electricity 50,188.52 crore (US$11.19 billion)(2010) 8,837.65 crore (US$1.97 billion)(2010) 25,944 (2010) www.ntpc.co.in

Vision And MissionVisionTo be the worlds largest and best power producer, powering Indias growth.

MissionDevelop 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.

Core Values BCOMIT

Business Ethics Customer Focus Organizational & Professional Pride Mutual Respect & Trust Innovation & Speed Total Quality for Excellence

OVERVIEWIndias largest power company, NTPC was set up in 1975 to accelerate power development in India. NTPC is emerging as a diversified power major with presence in the entire value chain of the power generation business. Apart from power generation, which is the mainstay of the company, NTPC has already ventured into consultancy, power trading, ash utilisation and coal mining. NTPC ranked 341st in the 2010, Forbes Global 2000 ranking of the Worlds biggest companies. NTPC became a Maharatna company in May, 2010, one of the only four companies to be awarded this status.

The total installed capacity of the company is 34,854 MW (including JVs) with 15 coal based and 7 gas based stations, located across the country. In addition under JVs, 5 stations are coal based & another station uses naphtha/LNG as fuel. The company has set a target to have an installed power generating capacity of 1,28,000 MW by the year 2032. The capacity will have a diversified fuel mix comprising 56% coal, 16% Gas, 11% Nuclear and 17% Renewable Energy Sources(RES) including hydro. By 2032, non fossil fuel based generation capacity shall make up nearly 28% of NTPCs portfolio. NTPC has been operating its plants at high efficiency levels. Although the company has 17.75% of the total national capacity, it contributes 27.40% of total power generation due to its focus on high efficiency. In October 2004, NTPC launched its Initial Public Offering (IPO) consisting of 5.25% as fresh issue and 5.25% as offer for sale by Government of India. NTPC thus became a listed company in November 2004 with the Government holding 89.5% of the equity share capital. In February 2010, the Shareholding of Government of India was reduced from 89.5% to 84.5% through Further Public Offer. The rest is held by Institutional Investors and the Public.

NTPC HEAD QUARTERS

NTPC Limited is divided in 8 Head Quarters Sr. No. HEADQUARTER CITY 1 2 3 4 5 6 7 8 NCRHQ ER-I, HQ ER-II, HQ NRHQ SR HQ WR-I HQ Hydro HQ WR-II HQ Delhi Patna Bhubaneswar Lucknow Hyderabad Mumbai Delhi Raipur

POWER BURDENIndia, as a developing country is characterized by increase in demand for electricity and as of moment the power plants are able to meet only about 6075% of this demand on an yearly average. The only way to meet the requirement completely is to achieve a rate of power capacity addition (implementing power projects) higher than the rate of demand addition. NTPC strives to achieve this and undoubtedly leads in sharing this burden on the country.

POWER GENERATION AT NTPCPresently, NTPC generates power from Coal and Gas. With an installed capacity of 34,854 MW, NTPC is the largest power generating major in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution. With an increasing presence in the power value chain, NTPC is well on its way to becoming an Integrated Power Major.

COAL BASED POWER STATIONSWith 15 coal based power stations, NTPC is the largest thermal power generating company in the country. The company has a coal based installed capacity of 27,535 MW.

COAL

BASED(Owned

by NTPC) 1. Singrauli 2. Korba 3. Ramagundam 4. Farakka 5. Vindhyachal 6. Rihand 7. Kahalgaon 8. NCTPP, Dadri 9. Talcher Kaniha 10. Feroze Gandhi, Unchahar 11. Talcher Thermal 12. Simhadri 13. Tanda 14. Badarpur 15. Sipat Total

STATE Uttar Pradesh Chhattisgarh Andhra Pradesh West Bengal Madhya Pradesh Uttar Pradesh Bihar Uttar Pradesh Orissa Uttar Pradesh Orissa Andhra Pradesh Uttar Pradesh Delhi Chhattisgarh

COMMISSIONED CAPACITY(MW) 2,000 2,600 2,600 2,100 3,260 2,000 2,340 1,820 3,000 1,050 460 1,500 440 705 1,660 27,535

COAL BASED JOINT VENTURESCOAL 1. 2. 3. 4. 5. Total BASED STATE West Bengal Orissa Chhattisgarh Bihar Haryana COMMISSIONED CAPACITY 120 120 574 110 500 1,424

(Owned by JVs) Durgapur Rourkela Bhilai Kanti IGSTPP, Jhajjar

GAS/LIQUID FUEL BASED POWER STATIONSGAS BASED (Owned by NTPC) 1. Anta STATE Rajasthan COMMISSIONED CAPACITY(MW) 413

2. Auraiya 3. Kawas 4. Dadri 5. Jhanor-Gandhar 6. Rajiv Gandhi CCPP Kayamkulam 7. Faridabad Total

Uttar Pradesh Gujarat Uttar Pradesh Gujarat Kerala Haryana

652 645 817 648 350 430 3,955

GAS BASED JOINT VENTURES: COAL BASED STATE Maharashtra COMMISSIONED CAPACITY 1940 1940

(Owned by JVs) 1. RGPPL Total

HYDRO BASED POWER PROJECTS (Under Implementation) NTPC has increased thrust on hydro development for a balanced portfolio for long term sustainability. The first step in this direction was taken by initiating investment in Koldam Hydro Electric Power Project located on Satluj river in Bilaspur district of Himachal Pradesh. Other hydro project under construction is Tapovan Vishnugad. On all these projects construction activities are in full swing.

HYDRO BASED

STATE

APPROVED CAPACITY(MW) 800 520 8 1,328

1. Koldam (HEPP) Himachal Pradesh 2. Tapovan Vishnugad (HEPP) Uttarakhand Singrauli CW Discharge(Small 3. Uttar Pradesh Hydro) Total

DIVERSIFIED GROWTHAs per new corporate plan, NTPC plans to become a 75 GW company by the year 2017 and envisages to have an installed capacity of 128 GW by the year 2032 with a well diversified fuel mix comprising 56% coal, 16% gas, 11% nuclear energy, 9% renewable energy and 8% hydro power based capacity. As such, by the year 2032, 28% of NTPCs installed generating capacity will be based on carbon free energy sources. Further, the coal based capacity will increasingly be based on high-efficient-low-emission technologies such as Super-critical and Ultra-Super-critical. Along with this growth, NTPC will utilize a strategic mix of options to ensure fuel security for its fleet of power stations. Looking at the opportunities coming its way, due to changes in the business environment, NTPC made changes in its strategy and diversified i