The Finance Department of JUUNL plays a vital role in ensuring the financial stability and operational efficiency of the organization. It is responsible for managing the Nigam’s financial resources in a transparent, accountable, and sustainable manner, aligned with government policies and regulatory guidelines.
Mandate
The Finance Department of Jharkhand Urja Utpadan Nigam Limited (JUUNL) manages the Nigam’s financial resources in a transparent, accountable, and sustainable manner, aligned with applicable government policies, statutory norms, and regulatory guidelines.
Key Functions
- Budgeting & Planning: Prepare annual budgets, monitor utilization, and enforce financial discipline.
- Revenue Management: Account for energy sales and other receipts; improve billing and collections.
- Expenditure Control: Process payments, optimize operating costs, and ensure rule compliance.
- Accounting & Audit: Maintain statutory books; coordinate internal, statutory, and CAG audits.
- Project Finance: Arrange and manage funds for capex; liaise with lenders and agencies.
- Regulatory Filings: Submit timely financial data and reports to regulators and stakeholders.
- Employee Finance: Disburse salaries, pensions, advances, and employee welfare payments on time.
- Treasury & Risk: Cash-flow forecasting, investment of surplus funds, and financial risk management.