Chapter - IV

THE NORMS SET FOR DISCHARGE OF FUNCTIONS

The Company has well defined procedures and guidelines for discharge of various functions.

These are highlighted below:

• Delegation of Powers:

The Board of Directors has delegated power to the CEO of the Company who in turn has delegated power to the Officers of the Company at various levels for discharging their functions and responsibilities within the powers delegated to them.

• Structured Policies and Guidelines:

NSPCL is having well structured policies and guidelines governing major activities of the Company. While discharging the functions, the officers follow these laid down policies and guidelines.

• Manuals:

NSPCL has procedural manuals covering all important activities viz. Purchase Manual, Stores Manual, Handbook of site contracts, Insurance Manual, Accounts Manual, Human Resources Manual etc. These manuals ensure carrying of activities in a systematic and standardized manner and eliminate the scope of exercise of discretion. While discharging the functions covered by these Manuals, the officers follow the provisions of these Manuals.

• Guidelines of NTPC

NSPCL being a joint venture of NTPC and SAIL broadly follows the guidelines of NTPC issued from time to time with the approval of Board

• Compliance of provisions of Statutes, etc.

While discharging the respective functions, officers are required to comply with the provisions of all applicable Statues and Rules and Regulations.