Western Coalfields Limited (WCL), Umrer Area
A comprehensive report on a 3-month internship at WCL, Umrer in the Finance Department.
Gained practical exposure in bill processing, SAP usage, and GST applications.
Learned financial procedures within a Public Sector Undertaking (PSU) environment.
Enhanced understanding of finance operations in a large organization.
Boosted confidence and skills for a future career in finance.
Completed a 3-month internship at WCL, Umrer in the Finance Department.
Engaged in bill processing, SAP usage, and GST applications.
Learned real-world financial procedures in a PSU setup.
Developed hands-on skills in finance operations.
Prepared for a career in finance with practical exposure.
WCL is a subsidiary of Coal India Ltd, founded in 1975.
Supplies thermal coal to power and industrial sectors.
Significant investment in automation and ERP systems.
Focused on safe and economic coal production.
Aims for environmentally sustainable energy leadership.
Comprises engineers, finance staff, and mine workers.
Primarily produces thermal coal.
Utilizes SAP and modern mining equipment.
Strives for efficient and safe operations.
Aims for sustainable and economic production.
Aims for environmentally sustainable energy leadership.
Focused on safe and economic coal production.
Uses PEST, SWOT, and Porter's Five Forces for analysis.
Benefits from government backing and SAP systems.
Explores diversification into solar and smart mining.
Strong backing from the government enhances stability.
Utilizes advanced SAP systems for operations.
Faces challenges related to environmental concerns.
Considers diversification into renewable energy sources.
Explores adoption of smart mining technologies.
Gained proficiency in SAP operations, including bill entries and report generation.
Learned about GST application in public sector accounting.
Developed skills in interdepartmental communication and documentation.
Enhanced understanding of financial documentation processes.
Gained insights into professional development in finance.
SAP is used for fund tracking and GST compliance.
Involves MB submission, SAP approval, and payment processing.
Includes document checks, audits, and budget compliance.
Very low debt level indicates strong equity position.
High liquidity allows for easy meeting of short-term obligations.
Develop an online training module for new interns.
Implement AI-based bill verification to reduce errors.
Pilot green energy (solar) projects on WCL land.
Focus on improving operational efficiency and asset utilization.
Enhance sustainability initiatives for long-term growth.
Gained practical skills and technical exposure in finance.
Boosted confidence for a career in finance.
Gained insights into PSU finance operations.
Prepared for future prospects in the finance sector.
Experienced personal growth and professional development.
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