People: NTPC Ltd (NTPC.BO)
23 Oct 2017
Shri. Kulamani Biswal is Director - Finance, Director of the Company. He is a Commerce & Law Graduate; Fellow in Cost Accountancy and MBA from New Port University, California, USA has rich exposure of 32 years in the entire value chain of Energy sector - Coal, Power and Regulatory affairs. Sh. Biswal started his career in Coal India Limited where he worked for 12 years as a young, dynamic professional & gained insight in primary energy business. Then he moved to State Electricity Regulatory Commission – OERC where he witnessed the major reforms in power sector including unbundling of SEBs and assets segregation among generation, transmission & distribution utilities. After serving for 7 years in SERC, Sh. Biswal joined Central Regulator, i.e. CERC in Oct 2004. He went back to the Coal sector again in Oct 2010 at the Board level as Director (Finance) of Mahanadi Coalfields Limited for a short period of 3 years. Sh. Biswal took over the charge of Director (Finance), NTPC limited in December 2013. In NTPC, he plays a pivotal role in providing valuable inputs to the Board for taking various strategic decisions to enable the company to achieve its Vision. He is responsible for the entire gamut of financial management of the organisation including financial resource mobilisation from domestic & global sources, optimum utilization of funds, budgetary controls, investment decisions and compilation of Accounts and Audit of the same by Statutory and Govt. Auditors. During his stint as CFO of NTPC and as Board Member in-charge of coal mining business, some of the major achievements are raising Fund from Domestic as well as International Market at very competitive terms, including Green Masala Bonds, first ever by any Indian corporate; Innovative way of rewarding shareholders through issuance of Bonus Debentures – a first of its kind in India by any PSU, allotment and reallocation of coal blocks, production of coal from NTPC’s first coal mine.
|Total Annual Compensation, INR||4,198,200|
|Restricted Stock Awards, INR||--|
|Long-Term Incentive Plans, INR||--|
|All Other, INR||--|
|Fiscal Year Total, INR||4,198,200|