in Satluj Jal Vidyut Nigam Limited Himfed Building New Shimla (June 22nd to 3rd August, 2009
SUBMITTED TO:Department of Business
SUBMITTED BY:SURBHI THAKUR M.B.A (II ND SEMESTER) Administration ROLL NO. H- 2008- MBA-38
DR. Y.S. PARMAR UNIVERSITY OF HORTICULTURE & FORESTRY, NAUNI, SOLAN, H.P.
I am honoured to be attached with the prestigious organization. I extend my sincere gratitude to the management of “ Satluj Jal Vidyut Nigam Limited “ for availing me and giving me an opportunity to work with them and assisting me in my project when required. I would like to express my sincere gratitude to Mr. Pawan Verma, Sr. Manager and HRD, SJVNL, New Shimla and Mr. Anurag Bhardwaj, for their valuable guidance and timely advice, amazing level of co-operation, sympathy and communication during my training period. SURBHI THAKUR M.B.A . II SEMESTER.
CONTENTS 1. COMPANY PROFILE 2. ORGANIZATIONAL STRUCTURE 3. ANALYSIS OF ANNUAL REPORT 4. KEY OPERATIONAL PROCESS
6. CONCLUSION 7. SUGGESTION & RECOMMENDATION 8. PERSONAL LEARNING FROM THE GIVEN TRAINING 9. REFERENCES 10. ANNEXURE
Sjvnl was established on May 24,1988 earlier it was called as Naptha Jharki Power Corporation Ltd. It has joint venture with Govt. of and the Govt. of Himachal Pradesh. Sjvnl plans to investigate, organize, execute, operate and maintain hydroelectric power projects in the Satluj river basin in the state of Himachal Pradesh and at any other place. The 1500 MW Naptha Jhakri Hydroelectric Project (NJHEP) was the first project undertaken by Sjvnl for execution. It was the largest under ground hydro-electric project in the country. The generation component of Naptha Jhakri Hydro Electricity Project (NJHEP) in Shimla and Kinnaur District of Himachal Pradesh (H.P.) was sanctioned in April 1989 for the Naptha Jhakri Power Project now known as SJVNL, NJPC effectively took over execution of NJHPP in August 1992. NJHPP envisages to harness the hydro power potential in the upper reaches of river satluj in the south west of Himalayas. The Project stretches over a length of about 50KM from the dam to the power house, on the Hindustan Tibet Road (NH-22) which also connect the rail head to the project. The major civil works of Naptha Jhakri Hydro Electric Power Project was awarded during 1993 and the construction commenced in 1994.
Financial Program Of This Project
Naptha Jhakri Project Cost To Completion Cost per megawatt World Bank Loan ECBS Other Domestic Loans Loan reconstructed/ prepaid Benefits loan substitution 8187.71 crore 5.46 Crore US $ 437 million US $ 300 million 1748 crore 2378 crore 550 crore
NEW PROJECTS IN H.P
Rampur Hydro-Electric Project Luhri Hydro-Electric Project Dhaulasidh Hydro-Electric Project (412MW) (700MW) (1020MW)
Besides the social & economic upliftment of people in it vicinity, the 1500 MW NJHEP will generate 6950.88 MU of electrical energy in a 90% dependable year with 95% machine availability & 7447 MU in a average year. It is also providing 1500MW of valuable peaking power to northern grid.
Balance Power allocation to different states/Uts of northern region by ministry of power. complexities of problem faced. Dissemination of available in-house technical and managerial expertise to other utilities/ projects. SJVN has bagged the coveted title which will make it eligible for enhanced delegation of powers and freedom of working . competitiveness etc. 2008. financial and regulatory policies. Meeting all the parameters fixed by the department of Public Enterprise. 3. 2008. Completion of the new projects allocated to SJVNL.
Mission of SJVNL
To plan.P. net sales. Sjvnl has been conferred with the category-I status as a result of its commendable performance. investigate.Out of the total energy generated.
Sjvnl has been conferred with prestigious ‘Mini Ratna category-1’status by Department of Public Enterprise on May 12. 2. execute.
Schedule ‘A’ status:
Meeting the criteria laid down by the department of public enterprise. Operating and maintaining power stations with maximum performance efficiency. the company has set following objectives: 1. 12% is supplied free of cost to home state i. 25% is supplied HP at bus bar rates. H. Sjvnl has been upgraded as Schedule ‘A’ PSU on May 30. in an efficient and cost effective manner. From the remaining 88% energy generation.
Objectives of SJVNL
In the pursuit of above mission. The Mini Ratna status grants enhanced autonomy and delegation of financial power to the profit making companies under certain laid down guidelines and eligibility conditions to make them efficient and competitive. Taking up the power projects. These Mini Ratna companies are in two categories namely Category-I and Category-II. capital employed.e. 5. and qualifying the qualitative and quantitative parameters viz. Establishing and following sound business. profit employees and also factors of national importance. 4.
. level of technology adopted prospect for expansion and diversification. operate and maintain hydropower projects in the Satluj River Basin in Himachal Pradesh and at any other place in INDIA and ABROAD. organize.
Vision of SJVNL
To make INDIA A Fountainhead of hydropower and the energy source of the future by reorganizing development with passion and professionalism for sustainable Viability of the Corporation on Bed Rock of SOUND Commercial PRINCIPLES. investment.
SJVNL deals with hydropower generation and trying to be entered Wind Power. use of the best project management practices for the project implementation by applying latest universally accepted project management techniques and by enabling its engineers to become certified Project Managers through further trainings. striving clean and green projects environments with minimal ecological and social disturbances. To take up transmission and distribution business and take up power trading to sell power product from merchant power station. 9. Achieving constructive cooperation and building personal relations with stake holders. Nuclear or any other power generation projects including exploitation of resources input such as coal mining. 13.
SJVNL does not have any of its share with public. peers. In addition to the in house training institutes/ cells. Of Himachal Pradesh.6. the organization sends its employees to the top most and reputed institutes all over the country for training.
Research And development Status
In order to enhance the quality of technical inputs / skills gained out of the experience of execution of the project a R&D cell now been created to identify the areas in project execution and operation and maintenance on which further R&D can be carried out so as to utilize the enhanced knowledge for execution / operation of the power plant in the country. Fulfilling social commitments to the society. of India and govt. 11. It has a joint venture with govt. 7. There is a separate policy which has been made and all the work in the department is done by the guidelines given in the policy. To strive for acquiring Nav Ratna status. 8. and other related organizations.
. This department deals in training of the employees. 10. The employees serving at the corporate office and at projects sites both are considered for training. Creating work culture and work environment conductive to the growth and development of both the organization and the individuals through introduction of participative management philosophy. To manage load dispatch centers. It has a equity ratio of 3:1 in which 75% share is of central government and 25% is of state government. To explore diversification opportunities in Thermal.
Bhutan – 486 MW 11. Tipaimukh HEP. Kholongcchu HEP. Devsari HEP. L&T POWER. Bhutan – 900 MW 12. Uttrakhand – 45 MW 9. etc. For the Technical inputs of the project. RELIANCE POWER. JAYPEE POWER. Uttrakhand – 56 MW 8. ADANI POWER. Wangcchu HEP. SJVNL also faces a little amount of competition from other government undertaking hydropower generation units like NTPC. Dhaulasidh HEP – 40 MW 6. Total SJVNL deputation B + HPSEB 91 0 91 586 5 95 126 0 126 223 2 124 488 5 493 904 9 705 5 710 1713 16
Grand total 591 225 913 1729
Size in terms of Projects
1. Arun III Nepal – 900 MW
SJVNL faces major competition from privet hydropower generation units like TATA POWER. Uttrakhand– 252 MW 7.Size Of SJVNL
In terms of employees (overall in position man power summary) SJVNL designation Executive Supervisors Workmen total on regular 495 97 416 1008 Deputation total from HP govt. Jakhol Sankri HEP.
. Manipur – 1500 MW (Joint Venture with NHPC Ltd. NHPC. ESSAR POWER. etc. Luhri HEP – 775 MW 5. Nathpa Jhakri HEP – 1500 MW 2.) 10. Naitwar Mori HEP.
There are no as such suppliers of SJVNL as it deals with hydropower generation and not a raw material based organization. Rampur HEP – 412 MW 3. 5 500 2 4 1 99 420 1019 On deputation from Overall total HPSEB/ HP HPSE HP govt. and also from HPPCL which is a government hydropower generation unit.
Total Allocation (MW) 64 547 105 114 112 221 38 08 142 149 1500 (MW) Percentage to the capacity installed 4.93 100
.SJVNL depends on various suppliers. UK Spares for turbine etc. Hydro.47 9.71.00 7.092.47 7.no. New Delhi (Domestic)
Amount EURO 24.792.895.00 EURO 1.10.P. Some of the suppliers and the items supplied by them are given below:
Sr.00 EURO 6. 1.03 EURO 9.67 Crore
Hydropower produced by SJVNL is supplied to the following beneficiaries states of northern of Northern Region : Sr. J&K Punjab Rajasthan Uttar Pradesh Uttranchal Chandigarh Delhi Unallocated quota at the disposal of the central Govt. from M/S GE energy.227.09. Switzerland Spares for generator from M/S VA Tech. 1 2 3 4 5 6 7 8 9 10 State Haryana H. Hydro.27 36. no.85 NOK 50.148.42 GBP 16.796.53 2.60 7.964.73 2.93. UK Francis Runner with Rotating hard coated Labyrinth from M/S VA Tech. Alstom Power Gen. Germany (global basis) Procurement of IMS from M/S Tech. 1 2 3 4 5 6 7 8
Description of items and name of the supplier Spares for control and protection system from Alson Power Generation.47 14.097. Switzerland Spares for butterfly valves and EOT crane from M/S GE energy.29 EURO 8.53 9.996. Germany Servo motor from M/S VA Tech. Germany(OES) VAST Equipment from M/S HCL.00 Rs.
•Green Tech gold award in hydropower sector for public sector SJVN has been awarded the prestigious 9th Annual Green Tech environment excellence gold award 2008. •Green Tech Silver award 2005-2006. •Green Tech Silver award on Environment management 2004.in recognition of Environment Management Practices.ISO 9001:2000 certificate was awarded toSJVNL corporate office by DET NORSKE VERTIAS AS (DNV) under accreditation from National Accreditation Board for Certification Bodies (NABCB) in recognition of quality management system of SJVNL beings in conformity with Quality Management System Standard ISO 9001:2000 •ISO 14001:2004 -April 2006 :.2006 to 27th July 2009. •Golden Peacock award 2007.2006 SJVNL received industry Excellence Award and Udyog Rattan Award of the institute of Economic studies New Delhi. •Golden Peacock Eco-Innovation award 2004. 2005 :. •On September 3. power station was granted. 2006 SJVNL received Green Tech Silver Award for upgrading ecological balances in the projects of the company. •ISO 9001:2000-February.2006 the Satluj Jal Vidyut Nigam Limited received Industry Excellence award from Delhi Telgu Academy.
• August 31.The license of Environmental Management System certification is in respect of
. ISO 14001:2004 license by the Bureau of Indian standards for the period 28th July. Naptha Jhakri.Awards And Recognitions
• On August 28. also received the Greeen Tech Bronze award for institutional organized dumping activities. • The upcoming Rampur Hydroelectric Project 412 MW.
SJVN has evolved a two tire organization structure for itself.The General Manager (project) report to the Functional Director .
. at the corporate and the project level at the corporate level the C. Civil and electrical division are supported by various departmental heads dealing primarily with strategic and macro level policy issue .At the project level the General Manager (project) is assisted by the various departmental heads in respect of project related micro level activities . Finance.D. and other functional directors of Personnel.M.the activities covered under the schedule of ISO 14001:2004 which also includes hospitals and dispensaries.
Board of Directors Chairman & Managing Director Company Secretary Director Civil
HOD ( Corporate Communication)
HOD ( F&A )
HOD ( IT & C )
HOD ( Commercial )
HOD (QA & I )
HOD ( Electrical Design )
C. Sanjay Uppal (DGM) Services. R.Pathak(GM) QA &I Sh.a managing director and four functional directors viz director (personnel) . Placement of employees in the organizational structure. Sadyal (chief vigilance officer) Coordination and corporate Monitoring Sh. Placement for project implementation division and technical services (Design Engineering).
FULL TIME BOARD OF DIRECTORS :The full time board of directors of the corporations are as follows:-
DIRECTOR (FINANCE) DIRECTOR (ELECTRICAL) )
For carrying out its business . Department Vigilance HOD Sh. S. Romesh Kapoor(DGM) Corporate Civil Contacts Sh.SJVNL is headed by a full time chairmen . Site quality control departments.K. S.director (finance) . K. D. Sahay (AGM) P&A Sh. N. of Himachal Pradesh.M. 5. Full time board of directors. K.K.Malothra(GM – F&A) Electrical Design Sh.L. Corporate contact services division. New Delhi Corporate Planning Sh. of the India and two senior officers of the Govt. 2. In addition there are three senior officers of the Govt.director (electrical) and director (civil).Sharma(ED) Finance & Accounts Sh. is Mr. as a part time. The present C. Singh GM Corporate Electrical Contracts Sh.K.P.The organizational structure of SJVNL consists of various departments / divisions which are as follows :1.S. Sharma. H.B. H.D. 4.Bansal(GM)
. 3. P. Chauhan(AGM) Business Development + Management Sh.
N. Messages (GMG) 2. Brochures office order and circulars Personnel Notes
MEDIUMS OF INFORMATION EXCHANGE
a. 4. Higher to lower level 1.e. Horizontal level:In this level information flows lateral way i. The information supplied may or may not be reliable and accurate.e between CMD secretary and Company Secretary. 3.K. Information exchange takes place through following medium: 1. from workers to supervisors then from supervisors to HOD then from HOD to Director of concerned department then from the Director to MD then from MD to BODs.Lower to higher level:In this level information flows from bottom to top level i. between HOD’s etc. between Directors of various departments. to the Directors of various departments and to vigilance CVO.Consultancy Mechanical & Gates IT & C
Sh. Higher to lower level:In this level information flows from higher level to lower level i. Memos
Information sharing takes place from 1. from board of Directors to Chairman and managing director. From the Directors of the concerned departments information flows to concerned HOD’s and from the HOD’s it flows to the employees of the concerned department. 2. 5. The information which flows from higher to lower level is more reliable and accurate. Company Secretary. Horizontal level 3.e.Sharma Sh. Lower to higher level 1. R. 6. 3. from them to CMD Secretary. Praveen Verma (DGM) Sh. R. Higher to lower level 2. House Journals Media (news paper and radio) Annual Reports Booklets. 2.
SJVNL undertake to submit quarterly reports on various performance area with in 30 days of the end of the quarter to the ministry of power. SJVNL undertakes to submit quarterly Instrumentation certificating the stability of the structure to the board. Monthly progress report to CEA. Lower to higher level 1. Request letters
Frequency of information flow and monitoring
a. d. MOP. Internal office memos c. reading monitoring report
e. Monthly Flash Report.
. House Journals 3. Horizontal level 1. planning Commission/Ministry of statistics and Programme Implementation.3. Monthly status fiscal/ Financial including utilization of external assistance to MOP/ Planning commission. SJVNL Board will ensure quarterly internal monitoring of the performance against the MOU target. b. f. office order 2. circular b. c.
customers. suppliers.R. = 156244 108181 = 1. public at large and employees. Customarily.68 :1 For year 2008 Current assets = 156244 Current liabilities = 108181 C. The external users can be investors.ANALYSIS OF ANNUAL REPORT Meaning of financial statements
Financial statements are summarized statements of accounting data produced at the end of the accounting process by an enterprise through which it communicates accounting information to the external users. and trade creditors.44 :1
. government and there agencies. a set of financial statements includes:1) A balance sheet 2) A profit and loss account 3) Schedules and notes forming part of balance sheet and profit and loss account
ANALYSIS OF SHORT TERM FINANCIAL POSITION OF SJVNL
1) Liquidity Ratio 2) Current Assets Movement OR Efficiency Ratio LIQUIDITY RATIO CURRENT RATIO = current assets Current Liabilities For year 2007 Current assets = 117043 Current liabilities = 69317 C.R. = 117043 69317 =1. lenders.
The current ratio of sjvnl is acceptable and the firm is liquid and has ability to pay current obligations. a current ratio 2:1 or more is considered satisfactory. 2008 and 2009 are 1. = 150881 108181
. As per the conventional rule. 1.80 : 1 The current ratio for the years 2007.2007
quick assets= 14082 +62 104 +2353 +32633 = 111172 current liabilities = 69317 Q.R.68:1.2008
Quick asset = 11609 +69360 +3286 +66626 =150881 current liabilities = 108181 Q.44 :1 and 1.
QUICK OR ACID TEST RATIO
Quick ratio= quick / liquid assets Current liabilities Quick assets= cash & bank balance + other current assets + loans and advances + sundry debtors
For year : . = 223550 124165 = 1.60 :1
For year : .R.80 : 1 respectively.R.For year 2009 Current assets = 223550 Current liabilities = 124165 C. = 111172 69317 = 1.
76:1 for year 2007.39:1 and 1. 2008 and 2009. = 217965 124165 = 1.60:1. SJVNL has quick ratio of 1.
ABSOLUTE LIQUID RATIO:-
Absolute Liquidity Ratio = cash and bank balances Current liabilities
FOR YEAR 2007
Cash and bank balances = 62104 Current liabilities = 69317 Absolute Liquidity ratio = 62104 69317 = 0.76 : 1 quick ratio 1:1 is considered to represent a satisfactory current financial condition. 1.R.=1.89
FOR YEAR 2008
Cash and bank balances = 69360
Quick asset = 36318+127144+8257+46246 = 217965 Current Liabilities = 124165 Q. which means company is liquid and has the ability to meet its current or liquid liabilities in time.39 :1
For Year : .
89 and 0.64 the norm for this ratio is 50%. Thus we can say that absolute liquid ratio of SJVNL in 2007 is very good but in 2008 it declines.Cash and bank balances = 108181 Absolute Liquidity ratio = 69360 108181 = 0.64 The absolute liquid ratio for the years 2007 and 2008 are 0.
37 and 3.12 respectively.108181 = 48063 Sales = 150426 Working capital turnover ratio = 150426 48063 = 3.EFFICIENCY RATIO Working capital turnover ratio
Working capital turnover ratio indicates the velocity of the utilization of net working capital. Working capital turnover ratio = sales working capital
FOR YEAR 2007
Working capital = 117043 – 69317 = 47726 Sales = 160971 Working capital turnover ratio = 160971 47726 = 3. This indicates the number of times the working capital is turned over in the course of year. It indicates that in 2007 the working capital is efficiently utilized by the firm than in 2008.37
FOR YEAR: 2008
Working capital = 156244 .
. This ratio measures the efficiency with which the working capital is being used by the firm.12
The Working capital turnover ratio for the year 2007 and 2008 are 3.
3 and in year 2008 in Gross profit ratio indicates that in 2008 the firm becomes more efficient in its production. Higher ratio is always considered good and serves as an index of higher profitability. It indicates the average spread between the cost of goods sold and the sales revenues.3
FOR YEAR: 2008
Gross profit = 150426 – 10643 = 139783 Sales = 150426 Gross profit ratio = 139783 * 100 150426 = 92. Gross profit ratio = gross profit *100 sales Gross profit= sales – generation.
FOR YEAR: 2007
Gross profit = 160971 – 14010 = 146961 sales = 160971 Gross profit ratio = 146961* 100 160971 = 91.9 which
.9 In 2007 Gross profit ratio is 91. is 92. administration and other expenses.PROFITABILITY RATIOS Gross profit ratio:
This ratio expresses the relationship between gross profit and sales.
Office Expense ratio :Office Expense ratio = office and administration expenses * 100 sales
FOR YEAR 2007
Office and administration expenses = 14010 Sales = 160971 Office Expense ratio = 14010 * 100 160971 = 8.
.07 % The Office Expense ratio in year 2007 is 8.70 %
FOR YEAR: 2008
Office and administration expenses = 10643 Sales Office Expense ratio = = 150426 10643 * 100 150426 = 7. this indicates that the administrative expenses of SJVNL in 2008 has decreased which means that in 2008 the profitability of the firm has increased.07%.70 % and in 2008 is 7.
. The net profit ratio is measured by dividing Net Profit after tax by sales. this indicates that net profit ratio for 2008 has increased which shows that net profit ability of the firm increases in 2008.82%. interest and taxes are subtracted from the gross profit.5% and for year 2008 was 50.82 % Net profit ratio for year 2007 was 45.51%
FOR YEAR: 2008
Net profit after tax = 76451 Sales Net profit ratio = 150426 = 76451 * 100 150426 = 50. Net profit ratio = net profit after tax * 100 sales
For year: 2007
Net profit after tax = 73271 Sales = 160971 Net profit ratio = 73271 * 100 160971 = 45.NET PROFIT RATIO
Net profit is obtained when operating expenses.
Return On Investment = Net profit after tax Capital employed Capital employed = fixed assets +current assets – current liabilities
FOR YEAR 2007
Net profit after tax = 73271 Capital employed = 698923+117043 – 69317 = 746649 Return On Investment = 73271 746649 = 0. The fund employed in net assets is known as capital employed. capital employed is equal to net worth plus total debt.RETURN ON INVESTMENT
The term investment may refers to total assets or net assets. Alternatively.
. Net assets equal net fixed assets plus current assets minus current liabilities.098
FOR YEAR 2008
Net profit after tax = 76451 Capital employed = 765065 + 156244 – 108181 = 813128 Return On Investment = 76451 813128 = 0.094 Return On Investment for 2007 is 0.098 and for 2008 is 0.094 which indicates that return on investment is almost same for the two years.
e. This ratio indicates the relationship between external equities and internal equities.206 = 492529 DEBT – EQUITY RATIO = 323437 492529 = 0. = 171093+ 30915 + 108181 = 310189 Net Worth = 410881+ 129759 = 540640 DEBT – EQUITY RATIO = 310189 540640 = 0. DEBT – EQUITY RATIO = TOTAL DEBT. = 220383 + 33737 + 69317 = 323437 Net Worth = 410881 + 81854 . It is calculated to measure the relative claims of outsiders and the relationship between the owners ( i.574
. A higher ratio indicates a risky financial position while a lower ratio indicates safer financial position. share holders ) against the firm’s asset.656
FOR YEAR 2008
Total debt. Net Worth Total debt.ANALYSIS OF LONG TERM FINANCIAL POSITION OR TEST OF SOLVENCY OF SJVNL DEBT – EQUITY RATIO
Debt equity ratio is also known as external interval equity ratio. = secured loan + unsecured loan + current liabilities Net worth = share capital + reserve and surplus – miscellaneous expenditure
FOR YEAR 2007
FOR YEAR 2008
Funded debt = 171093+30915 = 202008
Total capitalization = 540640 + 202008 = 742648 Funded debt to total capitalization ratio = 202008 * 100 742648 = 27.
FUNDED DEBT TO TOTAL CAPITALISATION RATIO
This ratio establishes a link between the long term funds raised from outsiders and total long term funds available in the business.656 and 0. A higher ratio indicates a risky financial position while a lower ratio indicates a safer financial position. now a days . leading institution prefers it to be 1:1 So we can see that debit equity ratio of SJVNL is acceptable as compare to 2007. SJVNL has safer financial position in 2008.20 %
. In India this ratio may be taken as acceptable if it is 2:1 although.The debit equity ratio for 2007 and 2008 are 0. Funded debt to total capitalization ratio = funded debt * 100 Total capitalization Funded debt = secured loan + unsecured loan
Total capitalization = shareholders fund + funded debt.574 respectively.
FOR YEAR 2007
Funded debt = 220383+ 33737 = 254120 Total capitalization = 492735 + 254120 = 746855 Funded debt to total capitalization ratio = 254120 * 100 746855 = 34.
higher the ratio better is the long term solvency position of the company.02% and 27.38 % and for 2008 it is 58.68 % The equity ratio of 2007 is 60.
. This means that equity ratio if decreased slightly in year 2008. This means that in 2008 long term solvency of the company has decreased. Equity ratio = shareholders fund * 100 Total assets Total assets = fixed assets + current assets
For year 2007
Shareholders fund = 492735 Total assets = 698923 + 117043 = 815966 Equity ratio = 492735 * 100 815966 = 60.There is no thumb rule for this ratio but it is considered better up to 50 or 50%. The funded debt to total capitalization ratio of SJVNL for year 2007 and 2008 are 34. The ratio of proprietors fund is an important ratio of determining long term solvency of firm.68%.38 %
FOR YEAR 2008
Shareholders fund = 540640 Total assets Equity ratio = 765065 + 156244 = 921309 = 540640 *100 921309 = 58. The funded debt to total capitalization ratio is declining un each year because of decrease in the amount of secured and unsecured loan for the purpose of funding.
This ratio established the relationship between shareholders fund to total asset of the firm.20%respectively.
3963 and 2008 is 0.3366 which indicates that in 2008 the solvency ratio has decreased and company has more satisfactory or stable long term solvency position.3366
The solvency ratio of 2007 is 0.3963 FOR YEAR 2008 Total liabilities to outsiders = 171093730915 + 108181 = 310189 total assets = 921309 Solvency ratio = 310189 921309 =0.Solvency ratio
This ratio indicates the relationship between total liabilities to outsiders total assets of a firm and can be calculated as Solvency ratio = total liabilities to outsiders Total assets Total liabilities to outsiders = secured loans +unsecured loans + current liabilities FOR YEAR 2007 Total liabilities to outsiders = 220383 + 33737 +69317 = 323437 total assets = 815966 Solvency ratio = 323437 815966 = 0.
Fixed asset to net worth ratio = fixed assets( after depreciation) *100 Shareholders fund
For year 2007
Fixed assets = 698923
Share holders fund =492735 Fixed asset to net worth ratio = 698923 * 100 492735 = 141.
FOR YEAR 2008
Fixed assets =765065 Share holders fund =540640 Fixed asset to net worth ratio = 765065 * 100 540640 = 141. The ratio is declining every year both the ratios are more than 100% it implies that owners funds are not sufficient to finance the fixed assets and the firm has to depend upon outsiders to finance the fixed ratio.51 %.85% and for year 2008 is 141.FIXED ASSET TO NET WORTH RATIO .51%
Fixed asset to net worth ratio for year 2007 is 141.This ratio establishes relationship between fixed assets and shareholders fund and indicates the extent to which shareholders fund and sunk into the fixed assets.
It indicates that because of increase in profitability of the concerns more and more funds are invested in C.RATIO OF CURRENT ASSETS TO PROPRIETORS FUND
The ratio indicates the extent to which proprietors fund are invested in current asset.75%
FOR YEAR 2008
Current assets = 156244
Shareholders fund = 540640 Ratio of the current assets to proprietors fund = 156244* 100 540640 = 28. Ratio of the current assets to proprietors fund = current assets * 100 Shareholders fund
FOR YEAR 2007
Current assets = 117043
Shareholders fund = 492735 Ratio of the current assets to proprietors fund = 117043* 100 492735 =23.89%
The current assets to proprietors fund ratio for the year 2007 is 23.75 % and for the year 2008 is 28.
.A.89% it shows that ratio is increasing rapidly.
Total dividend and net current asset both have increased in2008. In lakhs) 160971 117043 69317 87755 166563 109150 23500 47726 2008 Trend percentage Amount (Rs. Current assets of company has increased in 2008 as compared to base year assets.
. Current liabilities in 2008 has been increased. Profit after tax also increased in2008 as compared to base year.TREND ANALYSIS OF SJVNL
2007 (base year) Amount (Rs. Therefore we can say that the sales of the company is less as compared to base year sales but still the company is running in profit. In Lakhs) 100 150426 100 156244 100 108181 100 14764 100 158221 100 158305 100 24400 100 48063
YEAR Sales Current assets Current liabilities Expenditure Income Profit after tax Total dividend Net current assets
Trend percentage 93 133 156 16 94 145 103 101
From the above trend we can analyze that :Sales of the company is decreased in 2008 as compared to baes years sales. Expenditure in 2008 has been reduced a lot.
12% energy is supplied free of cost to the home state i.
. Every year a MOU is signed between SJVNL and Ministry of power. b.KEY OPERATIONAL PROCESS
A) Memorandum of Understanding (MOU) is signed between Ministry of Power and SJVNL.600 mu of energy from 1500MW NJHEP. A MOU consists the list of targets which have to be achieved by the company in a given year. This MOU also consisted that out of the total energy generated at the Bus Bar. In MOU Ministry of Power gives a contract to the company to produce a fixed amount of electricity for a given year.
a. The Ministery of power will also assist the Satluj jal vidyut nugam in obtaining speedy clearances for its projects from various statutory authorities. MOU signed for the year 2008-09 between the Ministry of Power and SJVNL consists the following things. Generation of 6. From the remaining 88%. c.P. This MOU consisted the agreement that SJVNL has to produce 1500 MW of electricity from NJHEP and has to supply electricity to the beneficiaries states of northern region which are essentially nine in total.25%energy is supplied to H. Construction of 412 MW Rampur Hydroele Electric Project. First MOU was signed between the Ministry of power and SJVNL on 29th March 2004 at New Delhi.e. Himachal Pradesh. at Bus Bar rates and balance power has been allocated to different states by Ministry of Power.
After the signing of MOU the company tries to fulfill the power requirements from the existing power projects if it is not possible then company explore new projects in order to meet the power generation orders by the ministry of Power. Project area:It consists of description of project including river system socio economic and other aspects.:a. Topographical and Geotechnical features of project area. studies based on available meteorological/hydrological data of projects. 2. Power scenario and existing installations. c. 3. General Project features which includes salient features of the project. Topographic and Geotechnical aspects:It consists of Regional. The different aspects to be covered under PFR as below:1. 4. Hydrology:It includes water availability.
. General information about the area. b. When the company is exploring new projects then it has to undergo following steps. sedimentation studies.
PFR/FSR:PRE FEASIBILITY REPORTS OR FEASIBILITY REPORTS
Firstly pre feasibility reports of HEP is prepared for various rivers /basins/subasins based on which further work on the project would be taken up. 5. Necessity of the project and related aspects. and design flood studies etc. Background features which includes. river basins/ sub basins.
After the prequalification criteria Bid document is maintained which consists bidding procedure. it includes all the information related to infrastructure of the project. Hoist. transportation. It includes all the information related to storage structure. Technical Specifications. d) Vetting and inspection of civil/ electrical drawing ii) During ward of the contract:a) evaluation technical bids of hydro mechanical equipment. It includes details of the project such as height of the dam. water conductor system power house tail race etc. fabrication. EOT cranes etc as per requirements in civil structure. length of head race tunnel. type of surge shaft etc. iii) Post Award Of the contract
. That contractor is selected who used to qualify the parameter. DPR is made when the pre feasibility report is accepted detailed project report is time bounded it has to be completed with in six months. In pre qualification criteria: The company specifies the civil work criteria. Hydro-mechanical work criteria for a particular project. Technical drawing. supply. election testing and commissioning of Hydro-mechanical works comprising of stop logs. hydrolic hoists. c) Preparation of pre qualified bidding document whatever necessary. Gantry crane.
IN HYDRO-MECHANICAL WORKS
The company specifies the design. electro-mechanical work criteria. i) Preaward of the contract:b) Preparation of Technical Memos .
1. cast estimate of the project detail of various project components.
In Electro-mechanical work criteria
The company specifies the design of various electro-mechanicals equipment of the project type of generator. Pumps etc.
PREQUALIFICATION CRITERIA:These are the criteria’s which are set for selecting the contractor.DPR: The full form of DPR is detailed project report. Technical specifications. Bid forms and price Schedule. Rope drum hoists.
In civil work criteria
company specifies the size of intake gates. Valves. design of turbine etc. Price Schedules of Hydro mechanical equipments such as Gates . Specifications. Cranes. painting.
specifications. Power house components etc. which are used as input by contracting process for award of the process /department checks the technical bids comprising of design and drawing of various bidders and the output of this process is in the form of a report on the Technical bids.) The output of this design is the technical specifications and specifications drawings. broad designing. b) Vetting and inspection of civil/ electrical drawing. evaluation criteria.a) Checking and approval of vendor design and drawing. Such as at Dam.
. the preparation of technical specifications. which is used by the contracting process for award of the contract. intake.
DESIGN INPUTS:The design inputs of hydro mechanical components are received from the civil design department before pre award stage of the contact. drawings of hydro mechanical components to be installed at various project sites (eg. for hydro power projects. Destilating water conductor system .
The contact stage involves preparation of prequalification Bd documents. The contracting designing involves the checking of the detailed design of the various components submitted by the contractor and the output is in the form of approved design and drawings whch are used by the contractor for manufacture of the hydro mechanical components.
Process Discription General
The mechanical and gates process constitutes mainly hydro mechanical designing
DESIGN ENGINEERING:It consists of three stages i) ii) iii) Pre contact stage During the contracting process After the contract is awarded.
These designs and drawings are then distributed among different sub divisions.
. The job is then got done as per work policy. drawings and memos so prepared are checked for their accuracy. To decide about the validation. The later executes the same as per contract provision which is also witnessed by the inspecting personnel of SJVNL.
DESIGN VALIDATION :When ever the design validation requirement are identified the same are organized through model testing. The reviews of design work are planned and conducted on day to day basis by HOD (M&G).
The design review meetings are held from time to time with the other design units. To have coordination with interface design department.
DESIGN OUTPUT:The design and drawings received from contracts when proved are also an output of the process.DESIGN PLANNING :The broad planning for allocation of the design work is carried out by HOD (M & G ). the contractor submits the detailed design and drawings of various components of hydro mechanical equipments.
DESIGN VERIFICATION:The specification. To identify and resolve any problem related to designing. The records/ reports of such validation are maintained in the relevant files. design. To review progress of design with respect to the plan / schedule. These designs ad drawings are the check to see their conformity with the technical specifications.
DESING REVIEW:The Design review are carried out from time to time for the purpose listed below :a) b) c) d) e) To evaluate the ability of design to meet the requirement . Sometimes the scope of work is provided in the technical specifications itself. In case of expert outside agency the scope of model testing is passed on to it and an estimate obtained. After post award of the contract.
Changes in the design are recorded in the relevant document along with reasons of such changes. Technical Bid and price Bid are hand over to the contract department for initiating action to invite bids after obtaining approval/ financial concurrence of the directions in respect of technical bids and cost estimates.e.
PURCHASE DOCUMENT PREPARATION:After finalization of technical specifications. SJVNL prepare Bid document comprising of two part viz. Then the L1 bidder i. This bidder is responsible for the erection of the HEP. the changes may be desired due to site constraints or other reason.DESIGN REVISION :Based on the following feedback / requirements from the civil/ electrical design department the contractor or the client.
. least cost bidder is selected.
jhakri ) MAIN INLET VALVE
TURBINE( energy of the water is converted into Mechanical Energy) GENERATOR (converts mechanical energy to electricity)
.when the company already has working HEP then power generation is the key operational process. FLOW DIAGRAM OF POWER GENERATION IS AS FOLLOWS
DAM (NAPTHA) (water) INTAKE
HRT (Head race tunnel)
BUTTER FLY VALVES
PENSTROCKS ( power house.
which then supplies the water to turbine. The first step in the generation of energy in a hydropower plant is the collection of run off the river water in the dam. In distilating chambers the silt from the water is removed and is flushed out.BUSBAR
GIS (Gas Insulated Switchgear)
NORTHERN POWER GRID
THE DESCRIPTION OF THE ABOVE PROCESS IS GIVEN BELOW All the hydro power projects of SJVNL are run off the river projects not storage dam projects. Then from butter fly valves water passes through the Pen stock and through the pen stock water goes to the power house which is situated at jhakri. The water from Pen stocks goes to Main Inlet valve. The turbine convert the
. the basic function of the butterfly valves is to manage the flow of water. Then from the distilating chamber water goes to the HRT which is head race tunnel to the surge shaft which is a type of pond where water from the HRT gets collected and there is a opening at the bottom of the pond from which the water goes to the butter fly valves . The intake is a tunnel between dam and the distilating chambers through which the water flows. Turbine is the large wheel which gets rotated by the water. In these projects path of the rivers is diverted and the water is collected in the dam which is at Naptha. The water in the dam goes through the intake to the distilating chambers. Dam acts as reservoir.
The northern grid asks some other power house to supply that much amount of energy. If more energy is produced than the scheduled one than it can damage the northern grid and can cause black out in northern region of India. Time
from 6:30 pm to 11:30 pm is considered as peak hour.energy of falling water into mechanical energy to drive the generator which in turn produces electric energy. Then daily targets are set by northern grid. After the process of power generation the water passes through the draft tube to the Tail race tunnel through this tunnel water is released back into the lakes. MOP decides how much power will be produced by SJVNL for the given year. SJVN power house conveys message to the northern grid after ever hour. If the energy generated is less than the scheduled energy then the immediate message is conveyed to northern grid. The power produced is then supplied to bus bar then to sep up transformer then to GIS which is gas insulated switch gear which helps to evaculate the power gegerated at Naptha Jhakri Hydro Power station to the Northern grid.
Energy generation consist of peak hour and peak off hour.
OFF PEAK HOUR: .
.The hour in which electricity produced and supplied is less.
PEAK HOUR: . This message consists how much energy is generated and supplied with in that hour which help in smooth working of the grid.Every day northern grid used to fax the target for the next day to SJVNL power house and SJVNL power house produce only that much of electricity as stated in the fax message for a particular day .The hours in which more electricity is produced and supplied.
00 3.00 18.00 28.00 18002300 hrs % 5.00 100.00 12.00 3.00 14.00 6.00 100.00 23.00 22.00 22.00 25.00 0.00 Delhi 0.00 20.00 0.00 17.00 12.00 6.00 180023000 hrs % 6.00 22.00 100.00 21.00 Haryana 16.00 2.00 20.00 Punjab 3.00 0. 22.00 6.00 19.00 0.P.00 3.00 10.00 2.00 Rajasthan 23.00 13.00 17.00 12.00 18.00 20.00 23.00 0.00 20.00 3.00 5.0 Uttarakhand 6.00 Total 100.00 20. 7.P.00 3.00 0.00 100.00 100.00 H.00 0.00 18.00 18.00 15.00 100.00 0.00 12.00
.00 0.00 0.00 Revised allocation 00-06 & 0600.00 5.00 J&K 18.The following table shows how much energy is allocated to all the beneficiaries of SJVNL: Existing allocation 00-06 & 0600100023-24 1000 1800 State/UT hrs hrs hrs % % % Chandigarh 5.00 16.00 20.00 5.00 4.00 U.00 100.00 0.00 16.00 17.00 11.00 15.100023-24 1000 1800 hrs hrs hrs % % % 6.00 15.
It has got experienced engineers along with best contracting and consulting agencies. Technical Input used in the project is best and are taken from other countries. Best Project Management. 6. 10. 307 crore and the present authorized share capital of SJVNL is Rs. 5. Skilled man power is also strength of SJVNL. Low labour cost. 3. 4500 Crores. SJVNL has got country’s highest insurance i. 8. 7. 2. 9.e. This Hydroelectric Project has been planned to generate 6950 of electric energy in 90% dependable year and is also providing 1500 MW of valuable peaking power to the Northern Grid.
. the longest and largest head race tunnel and deepest surge shaft in the world and has got biggest capacity. SJVNL provides frequent training to its employees to enhance their skills. Power sector never faces recession. Ministry of Power will facilitate and support SJVNL in obtaining more projects in India and abroad. 4. 1. Reasonably good R & D capabilities.Projects under SJVNL have got Modern Technology. Naptha jhakri Hydroelectric Electric project of SJVNL has largest underground destilating complex. There is Proactive and close Monitoring and reporting and intense coordination among the department of corporate office and the project.SWOT ANALYSIS OF SJVNL
STRENGTHS OF SJVNL:1. Manpower management and Financial Management.SVVNL has made a vital contribution by completing the 1500 MW Naptha Jhakri Hydroelectric Project (NJHEP) during the year 2004 and helping migrate the shortage of power in Northern Region of the country. 2. of Rs.
2. Power is always an ever demanded product. This causes some difference between the employees of SJVNL and deputed employees. 4. are being forced to back down during off peak hours.000 MW already available in the country which has to be manifested.000 MW has been tentatively envisages for 12th plan period.SJVNL is not able to retain its skilled employees. 6. 3.653 MW includes 20. a fact which has been well appreciated by the World Bank. This makes the working of the organization slow.There is Hydro Potential of 84. 5.
. Accordingly. As a result. 3. 4.Power generation capacity of Naptha Jakri Hydro power plant is not fully exploited. many of the fuel based thermal units designed to operate as base load stations. 8. Hydro capacity adding of 25.NJPHS is located in hilly area away from the Load Centre and as such it requires long transmission lines and losses in them is more.
OPPORTUNITIES OF SJVNL
1. Deputed employees gets more profits and benefits than the employees of the SJVNL. Thus Resettlement and Rehebilitation of the displaced people will be a major challenge.There is no MIS installed in SJVNL and the processing of files takes place much time.Some of the employees come on deputation from the state government.The ratio of hydro to thermal power has been declining over a period of time.063MW hydro power projects. Initial cost of Naptha Jhakri power plant is very high.It took a long time for the erection of Naptha Jhakri Power Plant and it requires a large cost for its maintenance. 2.WEAKNESS OF SJVNL
1. The urgent need for adding peak load stations coupled with shortage of domestic fuels and concern for environmental pollution has prompted the government to lay thrust on adding hydro power stations. Company has to pay them and has to give them deputation allowance and their service years also increases. However run off the river schemes has minimum displacement of people and SJVNL has emerged as a trend setter in Resettlement and Rehabilitation of displaced people during the execution of NJHEP. during the 11th plan period. Hydro power projects with storage dams normally involves displacement of large number of persons. proposed power projects with total installed capacity of 66.Less Man Power. SJVNL has man power of 1729 employees which is very less. 7. It leads to the spoliation of the Work Culture.
SJVNL has taken up projects in Nepal and in Bhutan FUTURE PROJECTS OF SJVNL On river satluj 1.1.Chungar. It is not taking up projects in India only but also in abroad. SJVNL is a growing organization.Khasiyabada HE project ( 260MW) In state of Sikkim 2. Good promotional chances of the employees in the company. Tessta – III HE project (1200MW) 3. So we can say that there is production but no pollution.Chal HE project (240 MW) 2. Raw material involved in hydro power generation is free of cost and hydro power generation requires less operational cost as compared to thermal power generation. Rupsiyabagad. It is also helpful to reduce the global warming. 5.Garba Tawaghat HE project (630 MW) 3. 2. Promotion in the organization takes place after every three years. Yangthan khab (400 MW) In the state of uttranchal 1. Unlike Thermal sources of energy hydropower source of energy does not produce any harmful gases which leads to global warming. 3. generation of employment 4. Tessta – IV HE project (495MW)
. Promotion in the organization takes place on the basis of seniority and performance. Jangi Thopan HE project (480 MW) 2.
7. Shortage of water due to lesser rainfall. 2. some times various unreasonable issues like manpower. The unprecedented flood of august 1. 1993 also caused huge losses. A cloud burst around the project area on the night of 11th and 12th August 1997 also causes heavy damages to the project sites. The under water parts of the dam are most affected by the silt erosion. 5. 4. Allotment of potential hydro projects for execution being state subject. Rock slides. The entire infrastructure of road. Silt in the water. 6. bridges and campus in the dam area had to be rebuilt. The inter state water disputes also make hydro projects politically difficult some times. The entire power house was completely submerged by the flood water. unprecedented floods can cause great losses. The probability of geological surprises in hydro station is comparatively more and pose great technical challenges to counter. roads and equipments. The rock slide which took place in July. Mechanical Breakdown.THREATS OF SJVNL
1. 8. Organization is not able to retain its skilled manpower. Ecological and Environmental degradation hazards around project area. 3.
. 2000 not only causes damage in the project area but many lives were lost in about 250 km stretch of the river Satluj downstream of Khab and in addition there was huge loss of property on the banks of Satluj and many bridges across Satluj and long stretches of road were also washed away. relief and rehabilitation and environmental protection measures crop up.
e.Khasiyabada HE project ( 260MW) In state of Sikkim Tessta – III HE project (1200MW) . 3)SJVNL is a growing organization. H.25 is supplied HP at bus bar rates. 25% is supplied free of cost to home state i.88 MU of electrical energy in a 90% dependable year with 95% machine availability & 7447 MU in a average year.CONCLUSION
1. Balance Power allocation to different status/ Uts of northern region by ministry of power
. SJVNL has taken up projects in Nepal and in Bhutan FUTURE PROJECTS OF SJVNL On river satluj Jangi Thopan HE project (480 MW) Yangthan khab (400 MW) In the state of uttranchal Chungar.P. It was the largest under ground hydro-electric project in the country. NJPC effectively took over execution of NJHPP in August 1992.) was sanctioned in April 1989 for the Naptha Jhakri Power Project now known as Sjvnl.Tessta – IV HE project (495MW 4)Besides the social & economic upliftment of people in it vicinity. 2)SJVNL has made a vital contribution by completing the 1500 MW Naptha Jhakri Hydro electric project during the year 2004 and helping the shortage of power in Northern Region of the country. It is also providing 1500MW of valuable peaking power to northern grid. This hydro electric project has been planned to generate 6950 MU of electric energy in 90 % dependable year and is also providing 1500 MW of valuable peaking power to the Northern Grid.P.The 1500 MW Naptha Jhakri Hydroelectric Project (NJHEP) was the first project undertaken by Sjvnl for execution. The generation component of Naptha Jhakri Hydro Electricity Project (NJHEP) in Shimla and Kinnaur District of Himachal Pradesh (H. NJHPP envisages to harness the hydro power potential in the upper reaches of river satluj in the south west of Himalayas.Chal HE project (240 MW) Garba Tawaghat HE project (630 MW) Rupsiyabagad. the 1500 MW NJHEP will generate 6950. From the remaining 88% energy generation . 5) Out of the total energy generated. It is not taking up projects in India only but also in abroad.
Meeting all the parameters fixed by the department of Public Enterprise. 2008. investment.6)Sjvnl has been conferred with prestigious ‘Mini Ratna category-1’status by Department of Public Enterprise on May 12. competitiveness etc. 8)Skilled man power is strength of SJVNL. These Mini Ratna companies are in two categories namely Category-I and Category-II. level of technology adopted prospect for expansion and diversification. profit employees and also factors of national importance. 11) The major threat for SJVNL is from geological surprises such as lesser rainfall.
10)Power sector never faces recession and power is ever a ever demanded product. SJVN has bagged the coveted title which will make it eligible for enhanced delegation of powers and freedom of working . net sales. complexities of problem faced. Manpower management and Financial Management 9)SJVNL has liquidity and has ability to pay its current obligations. capital employed. Sjvnl has been upgraded as Schedule ‘A’ PSU on May 30. and qualifying the qualitative and quantitative parameters viz. Profitability of SJVNL has also increased and the company has long term solvency position. It has got experienced engineers along with best contracting and consulting agencies. It utilizes its working capital efficiently and has become more efficient in its production. unprecedented floods. SJVNL has got Best Project Management. The Mini Ratna status grants enhanced autonomy and delegation of financial power to the profit making companies under certain laid down guidelines and eligibility conditions to make them efficient and competitive. There is hydro potential of 84000 MW available in the country. Therefore the scope of SJVNL has increased. There is Proactive and close Monitoring and reporting and intense coordination among the department of corporate office and the project.
. Sjvnl has been conferred with the category-I status as a result of its commendable performance. 7) Meeting the criteria laid down by the department of public enterprise. 2008. rock slides.
Arjun III Nepal – 1386 MW SJVNL has man power of 1729 and with this much man power it would be difficult to manage these projects efficiently. Khab HEP – 1020 MW 5. Rampur HEP – 412 MW 4. d)SJVNL should try to fully exploit the power generation capacity of its hydro power projects. Luhri HEP – 775 MW 3.SUGGESTIONS AND RECOMENDATION
a) SJVNL should try to increase its follows 1. NJHEP – 1500 MW
man power. Bhutan HEP – 1386 MW 8. Dhaulasidh HEP – 40 MW 6. The total projects under sjvnl are as
. b) Every year SJVNL used to recruit so many skilled people and approximately after one or two years many people used to leave the organization. SJVNL should try to find out the reason why the employees are leaving the organization. c)SJVNL should try to resolve the differences between the deputed employees and their own employees in order to prevent the spoliation of the work culture. Therefore we can say that SJVNL is not able to retain its skilled employees. Uttrakhand HEP – 353 MW 7.
RELIANCE power etc. i) SJVNL is depending on outsiders to finance their fixed assets therefore SJVNL should try to strengthen their own funds. The unprecedented flood of august 1. f)The silt in the water affects and damages the under water parts of the dam. The entire power house was completely submerged by the flood water. g)The unprecedented floods causes great damages to the hydro power projects. The entire infrastructure of road.
k) SJVNL should try to utilize its working capital more efficiently. 2000 not only causes damage in the project area but many lives were lost in about 250 km stretch of the river Satluj downstream of Khab and in addition there was huge loss of property on the banks of Satluj and many bridges across Satluj and long stretches of road were also washed away. j) In the year 2008 the long term solvency of the company decreased as compared to previous years so company should try to increase its long term solvency.e)SJVNL should install Management Information System in the organization in order to speed up its working of the organization.
h) SJVNL should try to explore new hydro power projects in order to compete with the private hydro power generation units such as TATA power. SJVNL should use flood predication techniques in order to prevent the losses related to the lives of people working there. So SJVNL should takes such measures which can reduce the loss caused by silt in water. The organization should adopt computerized processing because the processing of files takes much time which makes the working of organization slow. The organization every year spend a large amount of money for the repair of the damaged parts. bridges and campus in the dam area had to be rebuilt.
l) The company should try to improve its horizon by entering into new profitable ventures.
n) company can improve its return on investment by improving its net profit ratio. p)SJVNL should adopt best Management practices for the project implementation by applying latest universally accepted project management techniques and by enabling its engineers to become certified Project managers through further training. in an efficient and cost effective manner.
. o)SJVNL should try to Complete the new projects allocated to it.m) The company should try to improve its sale.
Declaration Regarding CPF 14. Reliving Order 6. Declaration regarding Lien wherever applicable I also prepared check list of Joining Formalities. I was under the supervision of Mr. I made joining set of 55 trainees. recommendation of the trainees. property Returns. etc. Medical Certificate 2. LPC (wherever applicable) 7. Joining Report 2. Date of Birth Certificate 4.PERSONAL LEARNING FROM THE GIVEN TRAINING
All the trainers were under the supreme guidance of Mr. Anurag Bhardwaj under his guidance I maintained a. He told me how to manage the training programs and what arrangements are to be made for the training and development programmes. Degree/Certificate 5. c. place of deputation of the trainees. 5. Declaration regarding withdrawal/ transfer of Gratuity 15. CPF Nomination. Declaration regarding employment of relatives in foreign mission/ embassies 7. Declaration Re-accomadition. In each joining set I maintained the following things:1. 11. Movable & Immovable.The records of all the training & Development programmes held for the employees this year. Manager. SJVNL. fields from which they belong. SC/ST certificate 3. Home Town Declaration 4. institution of the trainees.Pawan Verma . 9 & 10. Declaration for Medical Reimbursement.Under the supervision of Mr. In this file there was a short profile of trainees. Gratuity Norms 16. The record file of trainees. I maintained the records of all the employees who attended the training and development programs. which includes the following things:1. bhardwaj I prepared the joining set of the Executive trainees. Service Certificate
. b. 8. time period of the trainees. 6. Anurag Bhardwaj. Sr. Declaration of marital status 3. New Shimla and Mr. Small Family norms. This file includes the names of the trainees. 12 & 13. Declaration regarding relationship with directors with directors.
Anshu who is the P. He told me that for policy formulation government rules and direction are to be considered.O. I spent two days in this department.R. 3.
SJVNL POLI CY
In this department I firstly went to Mrs. 2. Every task in an organizational is done according to the policies. vision of top Management Discussion with union association Own practices Policy in sister Concerns Situation Custom and culture Technological adaptation
. It also helps the manager to delegate authority. 6. 7. I also prepared the Salary Chart of the newly joined executive Trainees. 2. Policy provides clarity to management thinking.Geeta Kapoor then she sent me to Mr. Mr. According to him. The policy can written or unwritten . Policy helps in providing uniform treatment of all employees throughout the organization. 6.Anshu gave me an overview about the functioning of this department. Attestation Forms 9. has he given the details d. department in order to better understand the HR practices in SJVNL. 7. So we can say that policy department is the backbone of an organization.8. of this department. It provide guideline to make decisions for the routine problems.R. 5.
SJVNL POLICY SOURCES
1. bhardwaj sent us on rotation to different H. Policy means planning your action. 5. and welfare Law Corporate communication R&R Recruitment Establishment
Policies are the set of rules or guidelines for the acts of the organizational. 3. 4. 4. Policy I. These departments are as follows :1. Two Character certificate 10. Policies set pattern of behaviour and permit employees to work more confidently. Has he been abroad for one year if so. Mr.
He told me about the various issues which causes the industrial disturbances.R. DP 2. BOD
I. Domestic Enquiries The various methods which are used for solving these issues are:1. means relationship between the Management and the employees and among the employees.R. Promotion 4.
. Following are the Authorities for making Policies 1. This department looks after the needs and desires of the employees. Badayak. I.R.R. It looks after the different benefits which should be provided to the employees. Government policies Formulation of policy Scope of the policy and its objectives are discussed and it goes to GM & DP and to the concerned department. is Industrial Relations.
In this department I went to Mr. Pay Scales 3. Grievance handling procedure 3. department only. CMD 3. open door policy 2.
SJVNL I. and WELFARE
Full Form of I. There should be a feeling of cooperation and adjustment between the Management and the employees in order to achieve the objectives of the organization. The various issues are as follows:1. I was there for one day in this department.8. Opinion form
It comes under I. He shared his valuable experiences with me. Suggestion box 4.R. Then Draft is made and Authority is made. Peaks 2.
it also organizes various tournament of games like Chess Cricket.
. Mr. 2. Disciplinary matters. by taking help of arbitration councils. According to him a company is formed when two or more than two people work together to achieve the goals. and reward the players also. transportation. Gautam told us that in SJVNL disputes are solved at lower level i.Mr. Gymnasiums. Firstly.He told me that a proper communication is needed in the organization to achieve the objectives.
In this Department we met Mr. The company used to provide various advances to the employees like car advances. It provides canteens to the employees. I went to the head of this department.small punishment is given but for longer time 6. Mr. Badayak told us that here every employee has got 24 hours insurance. medical reimbursement to the family of the employees. He told me the meaning of company. 11. I. furniture advances etc. It provides the facility of education.T.. increment.The Registrar sits in Jalandhar with whom registration is done. He told me that in SJVNL there are two types of communication. Gautam who gave me an overview of this department. This department also handles the disputes regarding the wages and salaries.the person is never allowed to join organization again. Termination:.e. External Inhouse communication is for all the employees who are working in SSJVNL. transfers. This department handles :1. According to him every company is registered under the Act of 1956. football etc. External communication is for public or for the customers of SJVNL.
SJVNL CORPORATE COMMUNICATION
Communication means sharing of ideas and views.It is the act of punishment 5. suspension etc. which includes conduct rules 3. he told me that law is a set of rules which are meant to be obeyed. Dismissal:. various clubs like Ladies Clubs. Badayak told us that this department looks whether the right wages and salaries are given to the employees and at right time or not. When an agreement or contract is made then there should be an arbitration clause in it. for suspension small punishment is given 4. computer advances. Inhouse 12. Various service matters like promotion. Charge Sheet :. Company used to provide the facility of housing to every employees. He told me about communication .
Evaluating the effectiveness of the recruitment process. Requisition contains details about the position to be filled. R &R I went to the head of this department. It also provides medical facilities to the PAFs. 7. Provision for suitable employment to one member of each landless PAFs according to his capacity and qualifications. Identifying the prospective employees with required characteristics. satluj vani etc. qualifications required from the candidate etc. The most important factor for recruitment process is that there should be vacancy.Locating and developing the sources of required number and type of employees. Merit scholarship schemes for wards of PAFs It provides Infrastructural facilities and other aids in the shape of grants for Primary to Sr.The medium of inhouse communication are files. Encouraging the identified candidates to apply for the job in the organization. 3. He told me that recruitment means attracting the eligible candidate towards the job. Then applications who fulfill the requirements are called the selection process. All these benefits are given under LAND ACQUISITION ACT 1894. Methods of recruitment are:Direct Method Indirect Method
. Shalender . All the candidates are required to give written test then those who are through to the written test are called for GD and then interviews takes place. 4. 2. Developed agriculture land to land less PAFs equivalent to the area acquired. Whose land or house or shop was affected due to construction of Hydroelectric Projects. number of persons to be recruited. Its various provisions are:6. 5. Communicating the information about the organization. 8. 6. pamphlets. Allotment of plots for houses.
In this Department I met Mr. the job and the terms and conditions of the services. I was there for two days. 1. 9. secondary level Government school within the project area etc. He told me that R&R means Resettlement and Rehabilitation of the project affected families (PAFs). Recruitment process starts when the personnel department receives requisition for recruitment from any department of the company. After receiving requisition from all the departments advertisements are made. Recruitment can be done from both internal and external sources. Allotment of plots for shops at the market developed for displaced shopkeepers. I was there in this department for one day. The medium of external communication are advertorials and advertisements in various news papers. magazines like live focus.
Patnayak he gave a general overview of this department. Physically Handicapped person etc. This department also takes care of the allowances and advances given to the employees. He told me that this department generally deals with the entire working life of an employee.
In this department I met Mr. he told me that promotions can be both merit and seniority based and for promotions there should be availability of vacancy and in this organization promotions occur after every three years. He told me that the main aim of this department is the implementation of all the policies . In case of transfers for different levels different time period has been set which employee has spent at a particular place/ job but certain conditions the person has been transferred at his own will. ST.Third party Method During recruited there is a fixed number odf reservation for SC. This department looks after the promotions.
. rules of the organization. transfers and career progression etc. OBC.
.gov.monthly house journal Water & Energy
Annual Report Of SJVNL
Financial Management by IM Pandey Management Accounting And Financial Management by Shashi K. Gupta
Corporate booklet of SJVNL Satluj Vani – Bi.sjvn.com http://www.