Professional Documents
Culture Documents
The Odisha Hydro Power Corporation or OHPC is a Public Sector Undertaking of Government of
Odisha was incorporated under the Companies Act 1956 on 21 April 1995 with the objective of
establishing, operating, maintaining, renovating & modernizing hydro, thermal and other forms of
power generating station besides owning, developing and operating coal mines for supply of fuel to
the thermal power stations. Its objective are:
To acquire, establish, operate, maintain, renovate, modernize in the State of Odisha and else
while hydroelectric generating stations, thermal and nuclear electric generating stations and
any other electric generating stations based on any non-conventional sources of energy.
To carry on the business of purchasing, selling, importing, exporting, producing, trading,
manufacturing or otherwise dealing in hydroelectric power, thermal and nuclear electric
power based on any non-conventional sources of energy.
To study, investigate, collect information and data, review operations, plan, research, design,
prepare feasibility reports, prepare project reports, diagnose operational difficulties and
weaknesses and advise on the remedial measures to improve and modernize existing stations
and facilitate and to undertake for and on behalf of others the setting up of hydroelectric
power plants, thermal and nuclear electric power plants and any other power plants based on
any non-conventional source of energy.
The objectives incidental or ancillary to the attainment of the main objects are to acquire
business / companies for carrying on business of electric power, to acquire know-how, to
carry on consultancy services in any field of activity in which it is engaged, to act as an
entrepreneur on behalf of the Central or any State Govt.
A modern scientific and systematic performance management system focuses on
improving performance through continuous and ongoing feedback and guidance from
reporting officer. It addresses the growth and career development of employees through
identification of strengths and weaknesses of employees, which leads to better utilization
and development of talents. Performance management system also serves the purpose of
developing better superior-subordinate relationship based on trust and mutuality. The most
important aspect of performance management is that it is an integrated system where both
vertical and horizontal integration is well addressed. Vertical integration is achieved by
aligning individual and team objectives with business strategy. Whereas horizontal
integration is achieved by aligning performance management strategies with other HRD
strategies specifically focusing on competency, reward, performance based culture, team
working, career growth and development etc.
Thus
performance
management
has
tremendous
impact
on
organizational
booklets, quarterly reports, annual reports, journals and the records of the company were
also used. Also unpublished project reports of previous year were used to understand the
meaning of the study properly.