Tata Power, India’s largest integrated power utility, has bagged awards in ‘Best Risk Management Framework & Systems – Power’ and ‘Business Continuity’ categories at the 5th Edition of The India Risk Management Awards.
Kenneth Rogoff, an American economist, the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University, presided over the ICICI Lombard and CNBC-TV18 India Risk Management awards function and felicitated the winners. The jury was led by Ms Arundhati Bhattacharya, ex. CMD of State Bank of India Group. The event was attended by Parshuram Date, CRO, and the Risk Management team.
Commenting on this achievement, Praveer Sinha, CEO and Managing Director, Tata Power, said, “We feel honoured to be felicitated for our efforts by an esteemed American economist. This award will encourage us to continue managing risk and ensuring safety thereby creating a secure working environment.”
The CNBC TV18 India Risk Management Award, organized by ICICI Lombard and CNBC TV18, is a grand event which witnesses the coming together of the entire management whose prime focus is mitigating risk. The awards honour organisations and teams that have developed the best risk management practices and capabilities across business categories.
Tata Power is India’s largest integrated power company and, together with its subsidiaries and jointly controlled entities, has an installed capacity of 10857 MW. With renewable energy assets in solar and wind accounting for 22% of the company’s portfolio, Tata Power is a leader in clean energy generation. In line with the company’s view on sustainable and clean energy development, it is steering the transformation of utilities to integrated solutions by looking at new business growth in EV charging and storage, distributed generation and rooftops, microgrids and home automation and smart meters.