Published Paper Details:

Financial Management as the name suggests is management of finance. The objective of Financial Management is to make efficient use of economic resources mainly capital. Financial management at UPCL becomes important to analyse because it receives funds from state government and central government whose mismanagement has large opportunity costs for the people of Uttarakhand. The face value of shares implying that the capital has been eroded due to inefficient financial management at UPCL. This further implies that if the situation remains so, UPCL would face acute shortage of funds (in absence of government grants and subsidies) and would not be able to carry on business in future. Modal value of ranks for Financial Viability of UPCL (on basis of Risk Analysis and Solvency Analysis) is 3 implying poor position of UPCL which is interpreted as poor capital and financial structure of UPCL. Poor financial and capital structure of UPCL further implies poor financial viability of UPCL.