CIN - U74899DL1999PLC098274
CHAIRMAN’S STATEMENT
Dear Shareholders,
My heartiest greetings to all of you on behalf of the NSPCL family. It is my pleasure to present the 23rd Annual Report of the company for the year 2021-22. Further, I want to congratulate each and everyone who contributed towards getting Rourkela PP-II Expansion unit under Commercial Operation in end March.
Operational Highlights
Major operational highlights of your Company during Financial Year 2021-22 are:
1. NSPCL’s total Generation with a combined capacity of PP II & PP III was 6,025.84 MU with PLF of 84.29% in 2021-22.
2. 1 X 250 MW Rourkela PP-II Expansion Project was declared on Commercial Operation w.e.f 00:00 Hrs of 29.03.2022 .
3. 2.02 MMT of Coal was received under FSA, which is around 83.88% of ACQ.
Financial Performance
Your company recorded a total income of 2,955.34 Crs. with Profit After Tax of 358.00 Crs. NSPCL’s track record of 100% realisation of energy bills was also maintained in 2021-22.
A total dividend of 200.00 Crs was paid to the promoters during the F.Y. 2021-22. Over the years, your Company has paid 1,540.27 Crs. to the promoters by way of dividends till date.
Environment management
Sustainable growth has always been one of the pillars of NSPCL’s growth structure. To ensure and provide a safe and healthy work environment, regular safety audits are being held. A lot of initiatives were taken regarding Ash Utilization in NSPCL. Actions for ESP up-gradation to comply with the statutory environmental norms have already been undertaken. To reduce the gas emission, FGD system and DeNOx system are being implemented through NTPC in all NSPCL stations.
Employee Development
Your company has always believed in building a human capital by providing various learning opportunities for overall growth and development. NSPCL initiatives have resulted in providing a pipeline of leadership talent for the growth of the organization. Programmes to increase awareness about safety were organized during the pandemic. Your Company also introduced work from home guidelines for employees and has taken various measures for smooth functioning during COVID-19.
Corporate Social Responsibility
Your Company has spent 7.86 Crs on CSR activities in 2021-22, wherein the CSR theme was “Health & Nutrition”, which is in line with the theme identified by Govt. of India. Other focus areas of NSPCL’s CSR and Sustainability Development are women empowerment, education of underprivileged children, skill development, preventive health care, family welfare, sanitation, promotion of art and culture, conservation activities for environment sustainability.
Corporate Governance
Maintaining high standards of transparency and integrity has been the keystone of your company’s corporate governance policy. Your company has adopted Whistle Blower Policy for reporting instances of unethical/improper conduct.
Awards and Accolades.
I am happy to share with you that your company has been recognised as one of the Best Employers among Nation-Builders-2021 by the Great Place to Work Institute, India and has also been conferred with the following awards during 2021- 22:-
Acknowledgements
I take this opportunity to sincerely thank our Promoters; NTPC and SAIL for their consistent support and guidance. My sincere thanks to the Ministries of Power, Coal, Steel, Environment, Forest & Climate Change and CERC, CEA, State Governments & agencies, government authorities and various other agencies for their unstinted support to your Company.
I express my deepest regards to the office of CAG, Auditors, Banks, vendors, employees and all other stakeholders for their unstinted support to your Company. I am extremely thankful to our esteemed customers for being the backbone of our progress. I also wish to thank my colleagues on the Board for their unconditional cooperation and support.
I am confident that our Company shall overcome the forthcoming challenges and continue to scale greater heights in near future.
Dillip Kumar Patel
Chairman
