REC- 1-51.p65 - Rural Electrification Corporation Ltd.

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16 Shri Venugopal N. Dhoot Dr. Devi Singh 30.09.1951 20.12.2007 Bachelor’s Degree in Engineering, Pune University. He is one of the Promoters of Videocon Group of Companies with diverse interests in the fields of Consumer Electronics and Home Appliances, Oil & Gas, Power and Telecommunications. He is instrumental in the growth of Videocon group with his rich and diverse experience of over 31 years. He was the President of the Associated Chambers of Commerce and Industry in India. He is also holding the post of the President of the Electronic Industries Association of Marathwada. He is also an Advisor to the Govt of Orissa on issues of Industrial Development in Orissa. He is a Member of the Executive Committee of Marthwada Export Association. A Member of Advisory Committee of Poona University Information Employment and Guidance and a Member of Assam Investment Advisory Board. 41st ANNUAL REPORT 2009-10 BRIEF RESUME OF THE DIRECTORS SEEKING REAPPOINTMENT AT THE 41 ST ANNUAL GENERAL MEETING Name Date of Birth Date of Qualifications Expertise in specific Functional area Directorship held in other Membership/ Appointment companies Chairmanship of Committees across all public Companies other than REC 02.09.1952 07.01.2008 Bachelor’s Degree in Economics Master’s Degree in Economics, Rajasthan University. Fellow at the IIM, Ahmedabad. Public Limited Companies 1. Videocon Industries Limited. 2. Value Industries Limited. 3. KAIL Limited 4. Next Retail India Limited. 5. Videocon Realty And Infrastructures Limited 6. Videocon International Electronics Limited 7. Bharat Hotels Limited 8. Videocon Oil Ventures Limited. 9. Videocon Power Ventures Limited. 10. Videocon Energy Ventures Limited. 11. Evans Fraser & Co. (India) Limited. Private Limited Companies 1. Solitaire Appliances Private Limited. 2. TekCare India Private Limited 3. Nippon Investment and Finance Company Private Limited. 4. Dome-bell Electronics India Private Limited. 5. Bharat Broadcasting Corporation Private Limited. 6. Eshwar Home Appliances Private Limited. 7. Jumbo Techno Services Private Limited. 8. Senior Consulting Private Limited. Section 25 Companies 1. Marathwada Medical Research and Rural Development Institution He has a total work experience of more than 1. Energy Infratech Private Limited 32 years with an experience in International 2. Munjal Showa Limited. Finance, Financial Management and International Business. He is currently, the Director of the IIM, Lucknow. He has also served as a Director of the Management Development Institute, Gurgaon. He has been the visiting professor at faculty of Management, McGill University, Montreal and the International Centre for Public Enterprises in Developing Countries, Ljubljana, Slovenia. He has also been a professor at the International Management Institute, New Delhi. He was awarded by the American Biographical Institute, USA with the “Man of the Millennium Award” in 2000. 1. KAIL Limited- Chairman: Audit Committee 2. Videocon International Electronics Limited- Member: Audit Committee Nil
RURAL ELECTRIFICATION CORPORATION LIMITED DIRECTORS’ PROFILE DR. JAIRAJ MORESHWAR PHATAK Chairman & Managing Director Dr. Jairaj Moreshwar Phatak, 55 years, is Chairman and Managing Director of REC since 15th June, 2010. Prior to joining REC, he was working as Additional Secretary in the Ministry of Panchayati Raj, Government of India. Dr. Phatak is an IAS officer of 1978 batch from Maharashtra cadre with 32 years service. He holds a Doctorate in Management from University of Mumbai, a Masters in Public Administration from John F. Kennedy School of Government, Harvard University and an M.Sc. degree from the Department of Physics, IIT Bombay (1975). He was Edward Mason Fellow in Harvard University and has been recipient of K.K.Birla Fellowship in Economics. He has an extensive experience in city governance as the Municipal Commissioner of Mumbai (BMC) from 2007-09 in addition to his earlier assignments at Pimpri Chinchwad Municipal Corporation (Pune’s suburbs) and Navi Mumbai Municipal Corporation. Dr. Phatak has served as the Principal Secretary in Urban Development, Maharashtra Government. He has also been Secretary of Rural Development, School Education and Food & Civil Supply Departments in Maharashtra. His tenure as Secretary, School education was lauded for his efforts to improve education. He has also worked in Government of India for five years - four years in Department of Personnel & Training and seven months in Ministry of Panchayati Raj. He is also a Visiting Professor to the All India Institute of Local Self-government, Mumbai. Dr. Phatak was a member of the IIT Bombay Chess Team that won the All India Inter-University Chess Tournament in 1974. He has also been President of Maharashtra Chess Association. Dr. Jairaj Moreshwar Phatak was holding Nil equity shares in the Company at the time of joining on 15th June, 2010. SHRI HARI DAS KHUNTETA Director (Finance) Shri Hari Das Khunteta, 58 years, is Director (Finance) since May, 2004. He holds a Bachelor’s Degree in Commerce from the University of Rajasthan. He is also a Associate Member of the Institute of Chartered Accountants of India (ICAI). Shri Khunteta has 33 years of professional experience in the area of financial management including resource mobilization from domestic and international markets, investor servicing and corporate governance. Prior to his appointment as Director (Finance), he held the position of Executive Director (Finance and Accounts) in National Hydroelectric Power Corporation Limited (NHPC), He was also Non Executive Director on the Board of the Narmada Hydroelectric Development Corporation, a joint venture of NHPC and Government of Madhya Pradesh. He is responsible for formulating financial strategies and plans to enable the company in achieving its vision. He provides directions with respect to Financial Management and Operations of the organization encompassing organizational and financial planning, formulation of financial policy, financial accounting, management control systems, cash and funds management, tax planning, mobilization and management of resources, liaison with financial institutions and capital market players. He also supervises treasury functions, lending operations and advises on corporate risk management matters. Shri Hari Das Khunteta was holding 14000 equity shares in the Company as on 31st March 2010. SHRI GULJIT KAPUR Director (Technical) Shri Guljit Kapur, 59 years, is Director (Technical) since December 1, 2008. He holds a Bachelor’s Degree in Electrical Engineering in first division from Punjab Engineering College, Chandigarh. He is in charge of all technical and operational aspects of various projects in the generation, transmission and distribution sectors as well as rural electrification projects under the RGGVY scheme. Shri Kapur has over 39 years of experience in various Power Sector utilities namely BBMB, PSEB, POWERGRID, NHPC, THDC and REC. Prior to his taking over as Director (Technical) of the Company, he was working as General Manager (Transmission & Distribution) of the Company. He Joined the Company on Deputation on September 14, 2005 and he was permanently absorbed in the Company on September 15, 2007. Before joining the Company, he was working as Deputy General Manager in Power Grid Corporation of India Limited (PGCIL). Shri Guljit Kapur was holding Nil equity shares in the Company as on 31st March 2010. 17
Page 2 and 3: CORPORATE OFFICE ZONAL OFFICES REGI
Page 4 and 5: 2 CONSISTENT GROWTH OVER 10 YEARS P
Page 6 and 7: 4 MISSION Mission & Objectives 41st
Page 8 and 9: 6 PERFORMANCE HIGHLIGHTS 41st ANNUA
Page 10 and 11: 8 ACKNOWLEDGEMENTS 41st ANNUAL REPO
Page 12 and 13: 10 41st ANNUAL REPORT 2009-10 82(3)
Page 14 and 15: 12 41st ANNUAL REPORT 2009-10 11. A
Page 16 and 17: 14 41st ANNUAL REPORT 2009-10 As me
Page 20 and 21: 18 SHRI DEVENDER SINGH Government N
Page 22 and 23: 20 To The Shareholders, The Directo
Page 24 and 25: 22 crore and Fixed Assets of Rs.89.
Page 26 and 27: 24 (DSM), Municipal DSM, Bachat Lam
Page 28 and 29: 26 Sl. Programme No. of No. of No.
Page 30 and 31: 28 21.3 Four quarterly review meeti
Page 32 and 33: 30 Electricity Department of Manipu
Page 34 and 35: 32 41st ANNUAL REPORT 2009-10 TABLE
Page 42 and 43: 40 The performance orientation buil
Page 44 and 45: 42 As a listed company and a good c
Page 46 and 47: 44 (ii) The terms of reference of t
Page 48 and 49: 46 3.1.8 FPO Committee During the y
Page 50 and 51: 48 the Company are published in lea
Page 52 and 53: 50 (xi) Distribution of Shareholdin
Page 54 and 55: 52 SOURCES OF FUNDS Shareholders’
Page 56 and 57: 54 Authorised SCHEDULE ‘1’ CAPI
Page 58 and 59: 56 88th Series - 8.65% Redeemable a
Page 60 and 61: 58 SCHEDULE- ‘5’ FIXED ASSETS A
Page 62 and 63: 60 SCHEDULE ‘8’ DEFERRED TAX LI
Page 64 and 65: 62 SCHEDULE ‘11’ OPERATING INCO
Page 66 and 67: 64 SCHEDULE ‘15’ ADMINISTRATION
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66 15. Auditors’ Remuneration inc
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68 25. Subsequent to settlement of
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70 Changes in the Fair value of Pla
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72 Rs. In Lacs. Particulars As at N
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74 For the purpose of application o
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76 In terms of our Report of even d
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78 To The Members of Rural Electrif
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80 by our audit and in the immediat
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82 COMMENTS OF THE COMPTROLLER & AU
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84 CONSOLIDATED SOURCES OF FUNDS Sh
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86 CONSOLIDATED Authorised SCHEDULE
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88 CONSOLIDATED 88th Series - 8.65%
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90 CONSOLIDATED SCHEDULE- ‘5’ C
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92 CONSOLIDATED SCHEDULE ‘8’ DE
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94 CONSOLIDATED SCHEDULE ‘11’ O
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96 CONSOLIDATED SCHEDULE ‘17’ C
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98 CONSOLIDATED 21. Disclosure in r
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100 CONSOLIDATED Amounts recognized
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102 CONSOLIDATED 35. The Corporatio
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104 CONSOLIDATED CONSOLIDATED SIGNI
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106 AUDITORS’ REPORT TO THE BOARD
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108 ADDRESSES OF REC OFFICES Sl. RE
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110 Sl. REC Offices Addresses Telep
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