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

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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.


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Tags: Corporate Governance in INDIAMicro and Small EnterprisesNTPC Ltd
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