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Home Corporate Governance

NTPC’s procurement value falls short from the target 4% from SC/ST-owned Cos

Procurement value of Rs 25 cr during FY19 stood at 0.62%

India CSR by India CSR
July 25, 2019
in Corporate Governance, Prime
Reading Time: 1 min read
India CSR
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New Delhi – State-run NTPC Ltd made procurement worth Rs 25.09 crore from Scheduled Caste/Scheduled Tribe-owned micro and small enterprises (MSEs) during 2018-19 (Apr-Mar), the company said in its annual report.

This was 0.62% of total procurement value against the target of 4%, as prescribed in India’s Public Procurement Policy for Micro and Small Enterprises (MSEs) Order, 2012.

This excludes primary fuel, secondary fuel, steel and cement, the project procurement including R&M packages and procurement from OEM, OES & PAC sources, the report says.

However, NTPC’s procurement from the MSE’s (including SC/ST-owned companies) at Rs 1530.79 was 37.59% of its total procurement value, during this period. This was above the mandatory 25% requirement under the procurement policy, the report said.

The largest Indian energy conglomerate’s total procurement were worth Rs 4072.58 crore during this period.

The Naavratna company also organised 21 vendor development programmes for MSEs out of which 2 were exclusively organized for SC/ST led MSE entrepreneurs.

Tags: Corporate Governance in INDIAMicro and Small EnterprisesNTPC Ltd

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