People: NTPC Ltd (NTPC.BO)
Shri. Kulamani Biswal is Director - Finance, Director of NTPC LIMITED. He is Director (Finance) of Mahanadi Coalfields Limited. He is a Commerce Graduate from Utkal University is a fellow in Cost Accountancy along with having distinct professional qualifi cations of MBA from New Port University, California, USA; LLB from Sambalpur University and Diploma in Financial Management from IGNOU. The most attributable features of Shri Biswal having been bestowed upon the present responsibilities are his fl air in fi nancial fundamentals; updated knowledge base and knack in business networking. Prior to joining NTPC, he was Director (Finance) in Mahanadi Coalfi elds Limited (MCL) from Oct’ 2010 to Dec’ 2013. He played a key role in making MCL as second largest coal company in India in terms of production and profi tability. In MCL, he was also responsible for diversifi cation of business into Power Generation, Solar Power, Transmission of electricity etc., for gainful utilisation of surplus funds. He has exposure in entire value chain of power business right from Supply, Distribution to Generation and Regulatory affairs. With rich and varied experience of 29 years in Coal & Power Sectors, Sh. Biswal took over the charge of Director (Finance), NTPC Limited on 9th 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 fi nancial management of the organisation including fi nancial 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. As CFO, he is responsible for establishing adequate internal control systems and adherence by the Company to sound Corporate Governance practices.
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