NTPC Director Finance Awarded as Financial Pride of India
Kulamani Biswal , Director ( Finance ) NTPC has been awarded with GSBA- Top Rankers Excellence Award 2015 – Financial Pride of India – in the Best Finance Professional Category at the 16th National Management Summit on “Impactful organization- Making it happen” being held at New Delhi.
Biswal, a Commerce Graduate from Utkal University who did his MBA from New Port University, California, USA; LLB from Sambalpur University and holds a Diploma in Financial Management from IGNOU, received the Award by Eminent Educationist Padamshri Dr. Pritam Singh.
Biswal is known for his strong financial acumen, updated knowledge base and knack in business networking. He started his career with Coal India Limited in 1985 and later joined Orissa Electricity Regulatory Commission at
Director level in 1997.
In 2004, he was appointed as Chief (Finance), Central Electricity Regulatory Commission. In CERC, he played a key role in formulation of Tariff Regulations 2009-14 and formation of new company called POSOCO to take care of System Operation and Load Dispatch activities. He also acted as Internal Financial Advisor in CERC as an added responsibility.
Prior to joining NTPC, he was Director (Finance) in Mahanadi Coalfields Limited (MCL) from Oct’ 2010 to Dec’ 2013. He played a key role in making MCL as second largest coal company in India in terms of production and profitability.
In NTPC, besides other hats to his credit, he has been instrumental in mopping up USD 750 Million fund from the international market at quite attractive rate of interest for meeting the Capex Requirement of the company. Under his able leadership, NTPC has been able to reduce its cost of debt to 7.81% p.a., a feat many in the industry envy to achieve.