Tuesday, May 2, 2017

NTPC set to turn paperless: Report

IN A bid to push Digital India drive, state-run NTPC is going digital to become a paperless company in a few years. This aims at improving its efficiency and saving on expensive office space. “In line with the ‘Digital India’ initiative NTPC has started taking steps towards digitisation by implementation of company-wide paperless office to save...
on expensive office space and paper use,” a senior official said. The initiative will cover all NTPC projects and offices and will be rolled out in phased manner, helping in optimum utilisation of the available space, easy retrieval of old records and promote clean office environment.
The official said that digitising records and printed literature makes it easy to share documents electronically and lowers the temptation to make photocopies.
The company has already introduced e-tender, invoice monitoring system, grievance management and digitised notice boards at all locations.
The digitisation process in legal, company secretariat and corporate communication departments has been started in the first phase comprising more than 4 million documents. The NTPC house journal has been digitised and an App is being developed for internal communication.
The official said that NTPC is encouraging work environment in which the use of paper is eliminated or reduced by converting documents into digital form.
“Going paperless can save money, boost productivity, save space, make documentation and information sharing easier more secure, and help save the environment,” the official added.
Earlier, the Maharatna powerhouse called bids for raising Rs 2000 crore at a coupon rate of 7.25 per cent per annum. These notes will mature on May 3, 2022 and all principal and interest payments will be made in US Dollars. The Notes will be listed on the Singapore and the London stock exchanges.
NTPC said that the net proceeds will be applied to finance capital expenditure of ongoing and new power projects, and renovation and modernisation of power stations and will not be used for projects outside India.
The PSU is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in the country. NTPC was ranked 431st in the ‘2015, Forbes Global 2000’ ranking of the world’s biggest companies. The total installed capacity of the company is 45,548 MW (including JVs) with 18 coal-based and seven gas-based stations. Seven JV stations are coal-based and eight renewable energy projects. The PSU has set a target to have an installed power generating capacity of 1,28,000 MW by the year 2032. 

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