“A Project report on performance management system of

Manikaran Power Limited”

Project Report Submitted in Partial Fulfillment of The Requirements

Of The Degree Of

Master of Business Administration

Under the supervision of

Dr. Swetalina Mishra

Subject Name: - Performance Management

Subject Code: - MGHR2317

Submitted By

Mirnal Mangara(210402100045)

CENTURION UNIVERSITY OF TECHNOLOGY & MANAGEMENT

Dist. Khordha, Bhubaneswar, Odisha, Pin-752050

 ABOUT MANIKARAN POWER LIMITED

● Formed in 2005, Manikaran Power Limited (MPL) is a Trading

Member of Indian Energy Exchange (IEX) and Power Exchange
India Ltd (PXIL). MPL is also a Category-I Inter State Trading
Licensee
● Global headquarters for Manikaran Power is located in
Delhi/NCR, Delhi,India.
● Manikaran Power Limited.'s operating revenues range is Over INR
500 cr for the financial year ending on 31 March, 2022. Manikaran
Power Limited.'s operating revenues range is Over INR 500 cr for
the financial year ending on 31 March, 2022.
● Company size- 500+ employees. .

⮚ LNG value chain-

1. Natural gas production & transport for treating- The Value

chain begins with the process of bringing natural gas to
market by safely drilling wells to bring the gas and other
reservoir components to the surface, where it may be
processed.
2. Treating & processing natural gas- Natural gas extracted
from subsurface reservoirs can contain non-hydrocarbon,
including Hydrogen Sulphide, Nitrogen, Carbon Dioxide, and
Water. The treatment processes remove these components
from the natural gas, a solvent is used to absorb Carbon
Dioxide, Hydrogen Sulphide, and Water. Heavier liquids are
removed from the lighter gas for
 separate processing. Water is removed and the remaining
natural gas is ready to be cooled into a liquid.

3. LNG: Gas pipeline- Depending on the source of the natural

gas it may need to be transported to a liquefaction facility.
The gas is transported by pipeline and can travel hundreds of
kilometres or just a few metres to a liquefaction facility. This
depends on where the gas treatment facilities are located
relative to the liquefaction plant.

4. Liquefaction process- The liquefaction plant cools the gas to

-162 degrees Celsius (-259.6 Degree Fahrenheit). As the gas
cools it is reduced to 1/600th hundredth of its previous
volume. The resulting liquified natural gas is clear,
colourless, and ready for transport.

5. LNG storage & loading terminal- The liquified natural gas

(LNG), is stored in large insulated tanks until it is ready for
shipment. Pipes connect the storage tank to a loading jetty.
These tanks which are normally cylindrical with dome-
shaped tops, have an outer covering of special reinforced
cement concrete (RCC). LNG tanks are built to withstand
very high pressure and extremely low temperature.

6. LNG shipping- LNG shipping tankers transfer natural gas

around the world. Some of the largest LNG ships, such as the
Qmax, are longer than 60 city buses. And each Qmax LNG
ship carries enough natural gas to power 70 000 homes for 1
year.

7. Floating production, storage & offloading units- FPSO units

are rapidly becoming the mainstay of the oil and natural gas
 industry by combining the tasks of an oil rig and supertanker.
These offshore units are essentially modified ships with
natural gas extraction and processing machinery located
above the deck. It can extract, process, liquefy, or compress
natural gas.

8. LNG receiving & regasification- Large vessels equipped with

LNG tanks require dedicated loading and unloading space.
Terminals dedicated for this purpose are called LNG
terminals. They are usually located near LNG plants where
natural gas is liquified, stored, and re-gassed. Special pipes
connect the LNG plant to LNG carriers or other types of
transport. Modern LNG terminals are designed to reduce the
risks of accidents. Large vessels equipped with LNG tanks
require dedicated loading and unloading space. Terminals
dedicated for this purpose are called LNG terminals. They
are usually located near LNG plants where natural gas is
liquified, stored, and re-gassed. Special pipes connect the
LNG plant to LNG carriers or other types of transport.
Modern LNG terminals are designed to reduce the risks of
accidents.

9. Market- Large vessels equipped with LNG tanks require

dedicated loading and unloading space. Terminals dedicated
for this purpose are called LNG terminals. They are usually
located near LNG plants where natural gas is liquified,
stored, and re-gassed. Special pipes connect the LNG plant to
LNG carriers or other types of transport. Modern LNG
terminals are designed to reduce the risks of accidents.
⮚ Gross calorific value- 10000 kcal/ SCM

⮚ 1 SCM can produce 9500 kcal of heat.

⮚ 1 MW of power can be generated from 4128 SCM per day.

⮚ LNG storage outer covering is made up of Reinforced Cement

Concrete.

⮚ Liquefaction process- Liquefaction plant cools the gas to -162

degree Celsius.

⮚ Stakeholders & market operators

1. PNGRB- Petroleum & Natural Gas Regulatory Board is the

regulatory body for gas market. PNGRB regulates the
refining, processing, storage, transportation, distribution,
marketing and sale of petroleum, petroleum products and
natural gas excluding production of crude oil and natural gas
so as and to ensure uninterrupted and adequate supply.

2. Ministry of Petroleum & Natural gas- It is concerned with the

exploration & production of natural gas. The Ministry of
Power is mainly responsible for evolving general policy in
the field of energy.
3. PPAC- Petroleum Planning & Analysis Cell assists the
government functions. PPAC functions under the overall
guidance and supervision of the Governing Body. The
Governing Body approves the Annual work program and
budget of PPAC and is responsible for extending guidance to
PPAC for becoming a Centre for excellence in chosen fields.

⮚ Purpose of PMS –

● Administration

● Determine promotion of employees

● Determine increment in pay of employees.

● Determine transfer & change in job assignments.

● Determine retention or termination

● layoffs

● Decide need for training

● Decide salary & related issues

● Development

● Provide performance feedback to all concerned

● Identify individual skills, core competencies,

strength & weaknesses
● Assist employees in setting goals

● Identify training needs

● Improve communication
 Performance Management of Manikaran Power Limited

● Performance management is done through CRM (Client

Relationship Management) software.

● Employees update their tasks(client calling, client visit,

document execution etc) in the CRM software.

● On the basis of the tasks updated on the CRM

software, performance of employees is tracked.

● Appraisal is given to the employees, who had

performed well enough.

● If performance of employees does not meet with the

expectation of organization, then HR manager
personally talks with employees and tries to identify if
they are lacking in something.

● Then accordingly, employees are trained to perform in

a better manner.
Methods of Performance Appraisal at MPL

⮚ 360 Degree Performance Appraisal:

 ● provide feedback from superiors, peer groups and subordinates to
provide holistic and objective evaluation of the employees.
● assessment is communicated transparently to all employees
individually
● Accordingly career paths are shared with them.

Process of PMS in MPL

● Establish Performance Standard & communicate standard &

expectation to employees

● Measure actual performance with the target Compare actual

performance with set standards

● Find out deviations Suggest changes in job analysis & standards if

necessary follow up annual goal setting mid-year review annual
performance review