Vol. 5, Issue 1, Part B (2023)

This paper delves into the realm of Human Resource Accounting (HRA) within the context of a prominent public sector entity, the National Thermal Power Corporation Limited (NTPC), in India. NTPC stands as a pivotal player in India's energy landscape, boasting a diverse portfolio spanning fossil fuels, hydro, nuclear, and renewable energy sources. The study aims to furnish invaluable insights into the strategic management of human resources, offering a comprehensive analysis of their acquisition, development, and maintenance vis-à-vis organizational objectives. Through a meticulous examination of HRA practices, the research endeavors to facilitate effective decision-making, monitoring, and evaluation of human assets within NTPC. Moreover, it sheds light on the financial implications of various HR practices, aiding in the formulation of management principles and future-oriented decision-making. Anchored in a robust research methodology, this study presents a holistic exploration of HRA dynamics, drawing upon pertinent literature and real-world observations. Ultimately, the findings contribute to the enrichment of HR management strategies, bolstering organizational performance and fostering sustainable industrial development.