WCM in Power Sector A study of NTPC

Power plays a vital role in every sphere activity. Power is one of the prime movers of economic growth. The availability of affordable and quality power is essential to achieving economic growth.Energy being an engine of growth is playing an important role in the robust industrial and economic development of the country. Growth in energy sector is one of the yardsticks of prosperity of any country’s economy. It has been universally recognized as one of the most important inputs for economic growth and human development. Thus there is a strong two way relationship between economic development and energy consumption Working capital is the life-blood of any business. The basic purpose of working capital management is to provide adequate support for smooth and efficient functioning of normal day-to-day business operations by striking a trade-off between the three dimensions of working capital i.e. liquidity profitability and risk. .