Uranium Corporation of India Limited [UCIL] is a company registered under the Companies Act, 1956. Its Registered Office is situated at Jaduguda Mines, in the district of East Singhbhum, Jharkhand - 832 102. UCIL is broadly classified into seven major departments/functional areas, namely Jaduguda/Bhatin Mines, Narwapahar/Turamdih Mines, Mill, Administration, Finance and Accounts, CR&D and Stores & Purchase. Each Department is headed by a Departmental Head and smooth functioning each department consists of various sections as per the requirement of the department. These sections are headed by Sectional Heads/In-charges. Sectional Heads/In-charges are assisted by Engineers, Officers, Supporting and Technical Staffs for their day to day work. Departmental Heads regularly report to C&MD towards ensuring effective functioning and overall operations of UCIL. The details of offices of the Company are given at ANNEXURE-'A'.

Vision : UCIL is committed to meet the increasing demand of uranium in the country. The Corporation aims to deepen existing mines, expand its processing facility, open new mines in the Singhbhum Thrust belt and other parts of the country. To constantly strive to develop and implement a technology suitable for Mining and Processing of Uranium Ore at a competitive cost and to diversify towards Mining, Tunneling and process related consultancy and other project implementation ventures. Corporation will monitor health of its employees and maintain the standard on Radiological & environmental safety prescribed by national and international regulatory bodies like Atomic energy Regulatory Board (AERB) and the international Commission on Radiological Protection (ICRP).

Mission : The mission of the Company is "To achieve and meet the requirement of Uranium for Nuclear Power Programme most efficiently and commensurate with prescribed standards of safety and environmental protection."

Objectives : To mine and refine uranium ore, produce concentrate and recover bi-products at the most economic cost and market them efficiently. To achieve cost effectiveness through better capacity utilisation, quality improvement & optimum utilisation of human resources and maximise surplus generation through cost control and other measures. To improve the quality of life and environment and attract the best talent available in the country through human resource development. To maximise shareholder's value. To emerge as a zero accident rate company. To implement the on-going project within the cost and time frame as determined. To evaluate new deposits for opening-up new mines and process plants.

The company is managed by the Board of Directors consisting of Chairman and Managing Director [C&MD], Director[Finance], Director[Technical] and nominated Directors from the Government of India, who are part time non-functional.List of Directors of Company's Board is given at ANNEXURE-'B'.

The functions and duties of the Directors of the Company are as follows :

Description of job and responsibilities of Directors :

1. Chairman & Managing Director

The Chairman & Managing Director is the Chief Executive of the Company and is accountable to the Board of Directors. He is responsible for the effective management and function of the Company in pursuit of its goals and objectives.

His responsibilities, interalia, include the following :

· Create a stagic vision for the growth and progress of the Company.
· Establish the basic priorities, ethical values, policies, attitudes within the Company that will boost for personal involvement and commitment to the strategic vision throughout the organisation.
· Undertake programmes for systematically strengthening management at all levels - by imparting training, development, motivation, recruitment and delegation.
· Formulate operating plans that reflect the long terms corporate objectives.
· Closely monitor the operating and financial results against agreed plans and budgets and timely remedial measures in furtherance of the Company's financial and capability.
· Provide corporate leadership with a strong conviction, clear strategic vision, intellectual capacity and management experience.
· Effective improvement in company's safety performance arising out of its products and operation.

2. Director[Finance]

Director[Finance], a whole time director, is a member of the Board of Directors of the Company. Being a board member, he is a part of the decision making process. Keeping in view of the vision and mission of the company for achieving goal set at the corporate level. Being a functional director, he is a facilitator in implementing the decisions taken at Board level. Being expert in finance, he is also responsible for prudent financial management and its accounting as per the standard and guidance in vogue. Besides, he is representing the finance in the Board of Director.

3. Director[Technical]

Director[Technical] is also a member on the Board of Directors and reports to C&MD. He oversees Company's project activities as well as for existing processing plant and newly coming up processing plant, expansion schemes, including feasibility studies, techno-economic evaluations and planning and implementation of the newly coming up processing plant. He also looks after all the technical and engineering services, personnel and administration, required for the satisfactory performance of various units and projects of the Company. He assists the C&MD in the formulation of personnel policies of the Company of corporate level. He also monitors performance of Occupational Health and Safety Management System.

UCIL has adopted a well defined Delegation of Powers keeping in view operational requirements for discharge of its functions at various level

The statement of board of directors and its various committees is as follows :

The statement of Board of Directors and its various committees

Board of Directors :

At present the Board of the company is comprised of ten Directors viz. Chairman-cum-Managing Director, two functional Directors and five Non-functional Directors.
Board Meets regularly and is responsible for the proper direction and management of the company. Company Secretary is responsible to the Board for ensuring Board procedures vis-a-vis Companies Act and rules made there under and all the applicable rules and regulations are complied with.

The following Committees of the Board have been constituted with specific responsibilities assigned to each of these committees:

Audit Committee :

The function of Audit Committee besides, various provisions under the Companies Act, 1956, are as follows :

(a) Review of internal control systems,
(b) Review of half yearly and annual accounts of the company,
(c) Fixing scope of internal audit,
(d) Investigate into any matter as may be referred to it by the board.

Company Secretary is the Secretary of the Audit Committee and Director(Finance) participates in its deliberations without having a right to vote.