URANIUM CORPORATION OF INDIA LIMITED - (UCIL).....

successfully conducted and MOEF has completed the technical review of the project. Large
industrial houses of the country are showing interest to take up the project construction work at
KPM project. Unfortunately, the pre-project activities of Lambapur uranium project are held up as
the subject of environmental clearance of mine is pending with National Environmental Appellate
Authority. Your company has also taken up exploratory mining on behalf of AMDER at Gogi in
Karnataka and the work is progressing satisfactorily.
Your company’s effort towards development and optimum utilization of human resources
through regular training and development continues unabated. The Management Training Centre
(MTC) in operation at Narwapahar for this purpose is also a venue for several training programmes
of the Department of Atomic Energy.
Your company’s commitment towards development of its surrounding has been widely
acclaimed. Vocational training to the local unemployed youths, providing free medical services to
the local people and free education to the children belonging to economically backward families
are some of the noteworthy steps. In order to implement various welfare measures effectively and
in a structured manner, ‘UCIL Social Development Committee’ has been constituted and specific
fund has been allocated for the purpose.
Openness and transparency in all the operations are the hallmarks of your company. The
Audit Committee of the Board, as a part of Corporate Governance, meets regularly and the
observations of the said committee are being strictly complied with. Your company is in the process
of computerizing all its departments after the successful implementation of On-line Financial
Accounting System and Material Management System.
Company has intensified the public awareness activities in order to educate the media and
the people living in and around its facilities about the workings of the Company. In this regard,
Company is also in the process of establishing Information cum Exhibition Centre at Narwapahar.
I take this opportunity to place on record my compliment to all the employees of the
company for their admiring efforts and dedicated commitment to place your company in a new
height. I express my deep sense of gratitude to the Department of Atomic Energy and its various
constituents for the valuable guidance and co-operation. I also convey my sincere thanks to my
colleagues on the Board of the Company, specially the retiring members, for their valuable
suggestions and untiring efforts in smooth running of the company.
Now, I move the Directors’ Report, balance sheet as at 31st March 2007 and profit & loss
accounts for the year ended 31st March 2007 for your consideration, approval and adoption.
Thanking you,
Mumbai
September 25, 2007
R. Gupta
Chairman & Managing Director
39th Annual Report 2006 - 2007
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