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A B L Srivastava, Mem . No.070067

A B L Srivastava, Mem . No.070067. CFO- Public Sector. photo. Director (Finance), NHPC Limited. Turnover (Sales) of the Company in Rupees: Rs. 5,509.65 Crores Net worth of the Company: Rs.26,353.53 Crores Market Capitalization of the Organization: Rs.28,000 Crores.

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A B L Srivastava, Mem . No.070067

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  1. A B L Srivastava, Mem. No.070067 CFO- Public Sector photo Director (Finance), NHPC Limited

  2. Turnover (Sales) of the Company in Rupees: Rs. 5,509.65 Crores • Net worth of the Company: Rs.26,353.53 Crores • Market Capitalization of the Organization: Rs.28,000 Crores Note: Above figures for NHPC Limited as on 31.03.2012.

  3. KEY ROLE IN THE ORGANIZATION – As Director (Finance) • Overall in charge of Finance function of the organization. • Formulation and Implementation of Policies and procedures in area of Finance towards optimization of the goals and objectives of Corporation. • Mobilization of resources to funding the expansion programme of the organization. • Advice the Board and CMD in policy matters impacting growth of the organization. • Supervising Statutory Audit, Cost Audit, CAG Audit and timely publication of financial results of the Company. • Ensure all compliances as a listed company. • Continuous improvement in the finance domain as well other key organizational processes and systems. • As ahead of in-house Internal Audit team , responsible for compliance with laid down standards and procedures. • Member in various Committees of Board like Shareholders Grievances' Committee, Projects and Performance Review Committee, Committee of Directors on Contracts, Committee of Directors for Investment of IPO proceeds. • Create performance culture, built competencies in Finance domain for organizational growth.

  4. MAJOR ACHIEVEMENTS – As Director (Finance) • Increase in profit from Rs 1075 in 2008-09 to Rs.2771.77 Cr in the year 2011-12 registering increase of 157.78%. • As a results of initiatives taken Company conferred with Mini Ratna Category-I status on 28.04.2008. • Company has received NIL comments on Annual Accounts of the company from CAG continuously for four years i.e. FY 2007-08 to 2011-12 in thirty five years of its existence. • Clear report for the period 2009-10 to current year from Statutory Auditors. • Successful launch of largest IPO Rs.6000 + crores in the month of Aug, 09 with an outstanding response of overall over subscription of 23.61 times (number of applications received 13.46 lacs). • Financial Performance parameters laid down in the MoU for award of “Excellent Rating” achieved in all the years. • Implemented the following policies as part of best Corporate Governance practices and Policy Initiatives: - Directors and Officers Responsibility Policy. - Model Code of Conduct for Senior Executives and Board of Directors. - Integrity Pact Policy. - Risk Management Policy • Realization of more than 99% of sale achieved inspite poor health of most of beneficiaries. • ERP imitative of NHPC titled “Project Kiran” implemented. • Obtained All Risk Policy of Insurance after a lapse of 11 years.

  5. MAJOR ACHIEVEMENTS – As Additional charge of Chairman & Managing Director (01.01.11 to 30.06.12) • M/s Chenab Valley Power Projects (Private) Ltd has been registered for development of PakalDul, Kiru projects with an aggregate installed capacity of about 2100 MW. • Environment Clearance accorded by MOEF to Tawang Stage – I (600 MW) and Tawang Stage – II (800MW) HE Projects and forest proposals also got cleared from State Government for these projects. • Received in-principle forest clearance by MOEF/Public Hearing for 66 MW Loktak Downstream HE project. • CEA has accorded concurrence to Twang-I HEP (600 MW) vide OM dt 10.10.11. • Stage-I Forest Clearance to KotliBhel Stage IA (195 MW) has been accorded by MOEF vide letter dt 13.10.11. • Signed promoters agreement with SJVNL Ltd and Govt of Manipur for setting up a Joint Venture Company for implementation of 1500 MW Tipaimukh Hydroelectric (Multipurpose) Project in Manipur on 22.10.11. • Necessary approvals obtained for diversification of Thermal projects from Govt. of India. • Task force was constituted for speedy implementation of Construction Projects and Formalized a new project management process and review mechanism and created new authority matrix at regional levels for better decision making and quicker completion of projects. • Tough Action (Regulation of Power) taken in February-2012 to recover duesfrom the Beneficiaries resulting in payment by the concerned States and strong message to other beneficiaries

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