World’s Best Employers 2023 List
Source: PIB
GS II: Infrastructure: Energy, Ports, Roads, Airports, Railways etc
Overview
- News in Brief
- World’s Best Employers 2023 List
- National Thermal Power Corporation (NTPC)
Why in the News?
NTPC shines as the only Indian PSU to feature in Forbes “World’s Best Employers 2023” List.
News in Brief
- India’s largest integrated energy conglomerate, NTPC Limited, has been recognized as one of the “World’s Best Employers 2023” in the Forbes World’s Best Employers list 2023 released on 10th Oct 2023.
- It ranked 261st out of top 700 companies in the World ranking and is the only Indian PSU to figure in the list.
- This is a testimony that the people practices at NTPC are at par with the top companies in the world.
- Samsung Electronics and Microsoft led the list at No. 1 and No. 2. Following Alphabet at No. 3, were Apple (No. 4) and Ferrari (No. 5).
World’s Best Employers 2023 List
- Every year Forbes publishes the World’s Best Employers List through independent market research.
- It aims to identify the top 700 companies which offer exciting working and a positive environment, opportunities for training and career advancement, employee benefits, and employee-centric and workplace diversity.
- Forbes partnered with market research firm Statista to create the seventh annual list of the World’s Best Employers this year.
- How is the Survey done?
- Respondents were asked
- Whether they would recommend their company to family or friends
- Rate their employer based on criteria such as working environment and hours, health benefits, opportunities for training and advancement, salary and workplace diversity.
- Participants also could rate companies within their own industries and countries.
- Responses were combined into a score, and the 700 companies with the highest scores made the final list.
- Respondents were asked
National Thermal Power Corporation (NTPC)
The National Thermal Power Corporation (NTPC) is one of India’s largest and most prominent state-owned power companies. Established in 1975, NTPC plays a critical role in the Indian power generation sector. Here are some key points about NTPC:
- Foundation
- NTPC was founded in 1975 and is headquartered in New Delhi, India.
- Primary Function
- NTPC is primarily involved in the generation and distribution of electricity.
- It plays a pivotal role in supplying power to various states and Union territories in India.
- Generation Capacity
- NTPC is one of the largest power generation companies in India, with a diverse portfolio of thermal, gas, hydro, and renewable energy power plants.
- As on September 2021, NTPC had a total installed capacity of over 66,000 megawatts (MW).
- This capacity has likely increased since then, given NTPC’s ongoing expansion efforts.
- Projects
- NTPC is involved in the development and operation of power projects across India.
- Some of its projects include thermal power plants, coal-based power plants, gas-based power plants, and renewable energy projects.
- The company has also been actively working on reducing its carbon footprint and increasing the share of renewable energy in its portfolio.
- International Presence
- NTPC has also expanded its operations internationally and has invested in power projects in other countries.
- Government Ownership
- NTPC is a government-owned company and is under the administrative control of the Ministry of Power, Government of India.
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