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MBA INTERNSHIP PROJECT FILE...

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Summer Training ON “Financial Decisions, Procedure & Strategies in UPPCL”

TO BE SUBMITTED TO DR. APJ ABDUL KALAM TECHNICAL UNIVERSITY, LUCKNOW IN THE PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE DEGREE OF

MASTER OF BUSINESS ADMINISTRATION Session - 2020-2021 Submitted By:

Under the Guidance of:

ROHIT KUMAR GUPTA

Ms. Madhu Sharma

Roll Number: 1900680700085 MBA- III Semester

MEERUT INSTITUTE OF ENGINEERING AND TECHNOLOGY 1|Pa ge

STUDENT DECLARATION I Rohit Kumar Gupta student of MBA – III Semester here by declared that the research report entitled “Financial Decisions, Procedure & Strategies in UPPCL” is completed and submitted under the guidance of Ms. MADHU SHARMA , MIET Meerut is my original work. The imperial finding in this report is based on the data collected by me. I have not submitted this project report to Dr. APJ Abdul Kalam Technical University, Lucknow or any other University for the purpose of compliance of any requirement of any examination or degree. Signature

ROHIT KUMAR GUPTA Roll Number: 1900680700085 MBA- III Semester

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PREFACE

In every field of education imparted to the student, working on project plays an immense role in bringing out and exhibiting the qualities which is helpful in implementing student‘s knowledge in the practical life.

In spite of the theoretical knowledge gained through classroom study, a person is incomplete if not exposed to the ground realities of the business world. He may have to face many professional hurdles after his graduation; these will be difficult to overcome without any firsthand experience of business. In this context, 17 weeks of summer training has been designed to make the person aware of the happenings of the real business world.

A project training is a temporary endeavor, having a defined beginning and end (usually constrained by date, but can be by funding or deliverables), undertaken to meet unique goals and objectives, usually to bring about beneficial change or added value. The temporary nature of projects stands in contrast to business as usual (or operations), which are repetitive, permanent or semi-permanent functional work to produce products or services.

When it comes to the practical knowledge in Finance field‘, there are immense areas to be specialized in, Specially financial decisions, procedures and the strategies in the government company are very different from any other company. 5|Pa ge

Getting the deep and practical knowledge of this field can be of great help to the students who are interested in Finance. This kind of training and projects can help the students to use their theoretical knowledge on the practical aspects of the field. This project on “Financial Decisions, Procedure & Strategies in UPPCL.” at UPPCL is based on understanding the financial Decisions, Procedure & Strategies in Government Company as a whole. I have taken care to deal with the prescribed topics in sufficient depths and in a very lucid language.

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ACKNOWLEDGEMENT The internship opportunity I had with Uttar Pradesh Power Corporation Limited was a great chance for learning and professional development. Therefore, I consider myself as a very lucky individual as I was provided with an opportunity to be a part of it. I am also grateful for having a chance to meet so many wonderful people and professionals who led me though this internship period. Bearing in mind previous I am using this opportunity to express my deepest gratitude and special thanks to the Uttar Pradesh Power Corporation Limited team, who in spite of being extraordinarily busy with her/his duties, took time out to hear, guide and keep me on the correct path and allowing me to carry out my project at their esteemed organization and extending during the training. I express my deepest thanks to all for giving necessary advices and guidance and for their careful and precious guidance which were extremely valuable for my study both theoretically and practically.

ROHIT KUMAR GUPTA

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INDEX Sr. No.

Topics

CHAPTER-1 EXECUTIVE SUMMARY

CHAPTER-2

Page No. 11

INTERSHIP CRITEORIA

12

INTRODUCTION

14

OBJECTIVE OF STUDY

17

SCOPE OF STUDY

18

RESERCH METHODOLOGY

19

SOUCRE OF DATA

21

SAMPLE SIZE

22

METHODS OF DATA COLLECTION

27

TOOLS AND TECHNIQUES OF ANALYSISE

28

THE BACKGROUND

33

ABOUT THE COMPANY (UPPCL)

43

HISTORY/FORMATION

49

RESTRUCTURING

54

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CHAPTER-3

CHAPTER -4 CHAPTER -5

PVVNL

61

EUDD 2

65

COMPETITORS

68

MAJOR PROBLEMS

69

ACHIEVEMENTS

71

FUTURE PROSPECTS

73

ABOUT THE PROJECT (TOPIC)

75

DATA ANALYSIS

97

ANALYSIS

104

FINDINGS

106

SUGGESTIONS AND RECOMMENDATION

108

CONCLUSION

110

BIBLIOGRAPHY AND REFERENCES

112

QUESTIONNAIRE

115

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CHAPTER-I  Exe Exec cutiv utive e Su Summ mm mmary ary  Int Introd rod roduct uct uctiion  Objec bjectiv tiv tive e of Stu Stud dy  Sc Scop op ope e of Stu Study dy  Re Rese se search arch Meth ethodo odo odolo lo logy gy

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EXECUTIVE SUMMARY

I have done my summer internship at Uttar Pradesh Power Corporation Limited (Electricity Distribution Division 2nd), Meerut U.P. The internship was for duration of about 120 days and it involved a lot of learning all around.

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Internship Criteria.

According to the policy of UPPCL, internship includes different phases to work upon.

Phase 1 – Under this phase, I have been told to understand the Accounting Records of the Division like Uses of Multiple Cashbooks, Revenue Collection Process, R2, R4, and R5 & Section Journal 1, 2, 3 & 4.

Phase 2 – This was the Specialization phase. They had provided us various learning sessions based on the specializations we opt for like Tenders, Contractual Payments Procedures, Opting for Demand, Cash Outlays & MTBs.

As I opted for finance, I attended the sessions such as –

 Tender Opening Process  Contractual Payments  Revenue target Completion

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DATA COLLECTION

1. PRIMARY DATA

Through the questionnaires one was able to identify the individual review regarding equality, where I have prepared 7 questions both Open ended & Close ended for fair review of people on this topic.

2. SECONDARY DATA

The secondary data as it has always been important for the completion of any report provides a reliable, suitable, adequate and specific knowledge. Secondary data is a data, which is collected from various sources.

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Introduction

Electric power distributioon is the final stage in the delivery of eleectric power; it carries electricity from the transmission system to individuaal consumers. Distribution substations con nect to the transmission system annd lower the transmission voltage to meddium voltage ranging between 2 kV and 35 3 kV with the use of transformers. Primarry distribution lines carry this medium voltage power to distribution transformerss located near the customer's premisess. Distribution transformers again lower th he voltage to the utilization voltage useed by lighting, industrial equipment and household appliances. Often several customers are supplied from one transformer through secondary distribution lines. Commercial and residential customers are connected to the secondary distribution lines through service drops. Custoomers demanding a much larger amount of power may be connected directly to the primary distribution level or the subtranssmission level.

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General layout of electricity networks. The voltages and loadings are typical of a European network.

The transition from transmission to distribution happens in a power substation, which has the following functions:



Circuit breakers and switches enable the substation to be disconnected from the transmission grid or for distribution lines to be disconnected.



Transformers step down transmission voltages, 35 kV or more, down to primary distribution voltages. These are medium voltage circuits, usually 600– 35000 V.



From the transformer, power goes to the busbar that can split the distribution power off in multiple directions. The bus distributes power to distribution lines, which fan out to customers.

Urban distribution is mainly underground, sometimes in common utility ducts. Rural distribution is mostly above ground with utility poles, and suburban distribution is a mix. Closer to the customer, a distribution transformer steps the 15 | P a g e

primary distribution power down to a low-voltage secondary circuit, usually 120/240 V in the US for residential customers. The power comes to the customer via a service drop and an electricity meter. The final circuit in an urban system may be less than 15 metres (50 ft), but may be over 91 metres (300 ft) for a rural customer.

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OBJECTIVE OF THE STUDY

Whatever I grasped and learnt in the duration of two months has been a very enriching experience and helped me frame my mind to understand what I wish to acquire in life and it has certainly helped me in discovering the path to achieve it.

The major aim of the study is to examine the Financial and Accounting Procedures and strategies adopted in Government Company in India. Other specific objectives of the study include –  To research the working culture of the department at Division/ Branch in Finance/Accounts Section  To analyze the departmental Finance/ Accounting Procedure & Strategies.  To research the Financial decisions of the Department.

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SCOPE OF THE STUDY Every research is conducted to fulfill certain objectives and this objective in turn fulfill some purpose and is of significance for one or more than one party. This research is significant for:

 To the student This study provides the student a practical insight of various activities and functions of the company.  The will also be able to develop in depth knowledge of Financial Procedures of the Electricity Distribution Company.  The study is also required for the partial fulfillment of the requirement for the degree of M.B.A. as per the curriculum.

 To the company  The study would help UPPCL to know the Employee`s & Consumers attitude towards the company.  To know the latest policies of the company for the Financial procedures and strategies.

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RESEARCH METHODOLOGY

RESEARCH DESIGN Research design is the arrangement of condition for collection and analysis of data in a manner that aims to combine relevance to the research purpose with the economy in procedure. It is the blueprints for collection, measurement and analysis of data.

TYPE OF RESEARCH METHODFour types of research methods:  Qualitative Quantitative  Mixed (qualitative and quantitative)  Critical and action oriented

Analytical Research & Descriptive Research Under the analytical research, I had use facts or information already available and analysis the facts and information to make a critical evaluation of the material.

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And in Descriptive research, it includes surveys and fact finding, enquiries of different kinds. The major purpose of such research is description of the state of affairs, as it exists at present. The research is designed to study the Fairness & Equality in financial strategies in UPPCL.

The methodology followed for research is as following: 1. Survey of concerned literature 2. Collecting data 3. After the collection of data the raw data is processed through editing, loading, classification and tabulation to make analysis of the data of information. After the analysis the finding are drawn and recommendations/conclusion are made.

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SOURCES OF DATA

Sample design: - A sample design is a definite plan for obtaining a sample from a given population. It refers to the technique or the procedure the researcher would adopt

in

selecting

items

for

the

sample

for

these

investigation.

Area of operation: - For market visit - PAN India Primary research entails the use of immediate data in determining the survival of the market. The popular ways to collect primary data consist of surveys, interviews and focus groups, which shows that direct relationship between potential customers and the companies. Whereas secondary research is a means to reprocess and reuse collected information as an indication for betterments of the service or product. Both primary and secondary data are useful for businesses but both may differ from each other in various aspects.

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Sample Size and Method of Selecting Sample

Sample size:  For survey – 50 Consumers 20 Employees 15 Contractors  Forecasting- previous Final year data Sampling is a process of obtaining a number of individuals taken a base for the entire population since entire population cannot be asked about the necessary objective upon which a questionnaire is put forth needed for the responses to be derived for the purpose of generation of facts and customer view point regarding their perception of particular product or services.

There are two type of samplingi.

Random sampling- Random sampling is a process of selecting the sample size randomly and no choice or preference to be made about the selection of respondents for the market survey and questionnaire to be put forth against him. Here, Random sampling being adopted by me.

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ii.

Systematic sampling- It is a sampling where the limited number of selected respondents is figured out based on some criteria so that only those respondents can be asked for the purpose of filing questionnaire.

To ensure complete representation the researcher identified target responded through a stratified Systematic sampling process, where the limited number of selected respondents is figured out based on the people, so that only those respondents can be asked for the purpose of filing questionnaire.

 I have covered 20 employees.

1. Division Level employees a) DAR b) DAW c) Clerks 2. SubDivision Level Employees a) SDO b) Babus c) Clerks 3. Electric Station Employees a) JE b) Line Mans 23 | P a g e

 I have covered 15 Contractors.  I have Covered 50 Consumers.

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DATA COLLECTION

Data collection is a process of collecting information from all the relevant sources to find answers to the research problem, test the hypothesis and evaluate the outcomes.

1. PRIMARY DATA It can be obtained either through direct communication with respondents in one form or another or through personal interviews. Questionnaire and interviewing are main weapons to collect data. I preferred the survey or questionnaire method, where I have prepared 15 questions both Open ended & Close ended for fair review of people on this topic.

2. SECONDARY DATA Secondary data is a data, which is collected from various sources. Secondary data is not a fresh data so it has its own limitations like: Time Constraints, Accuracy and Applicability. The data has been collected from various sources. The secondary data as it has always been important for the completion of any report provides a reliable, suitable, adequate and specific 25 | P a g e

knowledge. The standard cost reports, working sheets provide the knowledge and information regarding the relevant subjects. . This is secondary data which has been collected from various sources. Such as:  Newspapers.  Websites  Annual reports  Advertisements etc.  Magazines.

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METHOD OF DATA COLLECTION .

Method of Collecting data for my Research is both, Primary data collection and Secondary data collection.

 Primary Source includes the work done by me in the PLACEMENT. It is the research that I carried on to understand the level of Fairness & Equality in Financial Procedures.

 In Secondary source, there is a lot of use of internet. I have referred various sites in order to make my project more presentable and accurate. The websites have been included in the Bibliography section.

The data, collected from these sources, has been used in the preparation of project report.

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TOOLS AND TECHNIQUES OF ANALYSIS

SWOT ANALYSIS

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Strengths

Power is undoubtedly a key driver of human progress. A SWOT analysis of the power sector’s strengths identifies features inside the industry that are a positive sign. These features need to be representative of areas over which the industry has a high degree of control. Some of the strengths of the power sector include:



Rising rate of investment in renewable energy



Established infrastructure



Increased adoption of better and energy-efficient technology

Weakness

In SWOT analysis, weaknesses help identify features inside the industry that are low-performing or inefficient. The swelling of the global population and increasing rate of industrialization in developing nations have fueled humanity’s hunger for energy to unprecedented levels. Some of the common weaknesses of companies in the power sector include: 

Growing demand for energy



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

Employee attrition

Opportunities

Companies in the power sector can identify various goldmines for growth using the SWOT analysis. The growing rate of data collection and exchange are opening new doors of opportunities in the energy industry. Opportunities are present all along the power-industry value chain, from generation to customer relationship management. Some of the key opportunities for power sector companies include:



Increased tax incentive for energy-efficient automobiles



Seasonal increase in the number of days of sunlight



Lifted bans on off-shore drilling

Threats

A SWOT analysis of the power industry’s threats shows features outside the industry that are potentially hazardous to continued growth. They are often outside the control of the power sector companies. Presently, due to the sector’s social and 30 | P a g e

economic impact, companies in the industry are under constant pressure to improve their efficiency and attain greater cost competitiveness. The main threats facing power sector companies include:



Compliance and regulatory risks



Uncertainty in climate poli...