IIM Ranchi today inaugurated a three-day Management Development Program (MDP) on Strategic Financial Management for senior executives of Damodar Valley Corporation (DVC). The program, which runs from January 6th to 8th, 2025, is aimed at enhancing the strategic financial leadership and decision-making capabilities of DVC’s senior-level executives.

The inauguration ceremony was graced by distinguished speakers, including Prof. Deepak Kumar Srivastava, Director IIM Ranchi, Prof. Amit Sachan, Dean-Executive Education and Consulting, Prof. Tanusree Dutta, Dean-Academics, Prof. Manish Bansal, Programme Director. Prof. Deepak Kumar Srivastava, Director IIM Ranchi emphasized the importance of strategic financial management in addressing the current challenges and opportunities within the corporate landscape. He also underscored the critical role of financial leaders in driving sustainable growth for large organizations like DVC.

The MDP’s curriculum, thoughtfully designed by IIM Ranchi’s experienced faculty, focuses on providing practical knowledge and tools in key areas of financial strategy. The sessions will cover various topics such as Strategic Leadership, Design Thinking for Profit Maximization, Balanced Scorecard Execution, Financial Statement Analysis, Strategic Cost Management, Capital Budgeting, Project Finance, Risk Mitigation, and Corporate Social Responsibility.

As part of the program’s objectives, DVC executives will engage in hands-on learning and discussions that will sharpen their financial decision-making skills, particularly in the context of large-scale projects and sustainable business practices.

This MDP highlights IIM Ranchi’s ongoing commitment to fostering leadership excellence and empowering organizations to navigate complex financial environments. The program also reaffirms DVC’s dedication to strengthening its leadership capacity in managing strategic financial decisions to ensure its continued success in the energy sector.