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Tata Power Company Limited
Tata Power awarded for excellence in cost management at the 14th National Awards for Excellence in Cost Management 2016



Aug 11, 2017

Tata Power, India's largest integrated power company, today (8/1) announced that the Company has been awarded for excellence in cost management in the power distribution and transmission' category at the 14th National Awards for Excellence in Cost Management 2016. The award by the Institute of Cost Accountants of India (ICAI) is in recognition of Tata Power's continued efforts towards cost reduction and cost competitiveness. The award was presented to the Company by Shri Piyush Goyal, Hon'ble Union Minister of State for Power, Coal, New & Renewable Energy and Mines; Shri Arjun Ram Meghwal, Hon'ble Minister of State for Finance and Corporate Affairs; and Shri Manoj Sinha, Hon'ble Union Minister of State for Railways

Tata Power has set industry benchmarks in the effective use of cost management techniques to increase its operational efficiency in a dynamic and changing business environment. The jury of the prestigious award constituted of a panel of eminent personalities headed by Hon'ble Justice Dr. A.S. Anand, former Chief Justice of India and former Chairman, National Human Rights Commission.

Talking about this award, Mr. Anil Sardana, CEO and MD, Tata Power, stated, "We, at Tata Power, feel privileged to have won this award. As a company, we have focused our efforts in developing a strong cost management strategy that will reap multiple long-term benefits such as increased efficiency and operational excellence. Awards like these not only acknowledge our efforts but also provide us with the extra push to go further in updating our best practices."

The National Award for Excellence in Cost Management was instituted in 2003. It looks to propagate and emphasise on wider application of Cost Management tools and techniques and adoption of relevant Cost Management Strategies across various sectors for improving competitiveness of industry.

About Tata Power:

Tata Power is India's largest integrated power company with a growing international presence. The Company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 10613 MW and a presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading. It has successful public-private partnerships in Generation, Transmission and Distribution in India namely "Tata Power Delhi Distribution Limited" with Delhi Vidyut Board for distribution in North Delhi, 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and has developed the country's first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. It is also one of the largest renewable energy players in India with a clean energy portfolio of 3141 MW. Its international presence includes strategic investments in Indonesia through a 30% stake in the leading coal company PT Kaltim Prima Coal (KPC), 26% stake in mines at PT Baramulti Suksessarana Tbk ("BSSR"); in Singapore through Trust Energy Resources to securitize coal supply and the shipping of coal for its thermal power generation operations; in South Africa through a joint venture called Cennergi' to develop projects in sub-Sahara Africa; in Zambia through 50:50 joint venture with ZESCO for 120 MW Hydro which has become operational in 2016; in Georgia through AGL which is a joint venture with Clean Energy, Norway & IFC for development of 187 MW hydro project and in Bhutan through a hydro project in partnership with The Royal Government of Bhutan. With its track record of technology leadership, project execution excellence, world class safety processes, customer care and driving green initiatives, Tata Power is poised for a multi-fold growth and committed to 'lighting up lives' for generations to come". Visit us at: www.tatapower.com

For more information:

Organization:
Tata Power Company Limited
http://www.tatapower.com

Contact:
Shalini Singh, Head - Corporate Communications
The Tata Power Company Limited
E-mail: shalinis@tatapower.com

Contact:
Sneha Dev
Rediffusion / Edelman
Tel: 9920483225 / 7506730635
E-mail: sneha.dev@edelman.com

Contact:
Jaison Rebello
Rediffusion / Edelman
Tel: 9958000706/ 8286939726
E-mail: Jaison.Rebello@edelman.com


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