Tata Power, India’s largest integrated power company, has been constantly working towards creating a robust regulatory compliant business by putting in place a highly efficient risk management team. Adding another feather to their cap, Tata Power was announced as the Joint Winner in the category – ‘Best Risk Management Framework & Systems – Power’, at the 4th Edition of The India Risk Management Awards.
Dr. Nouriel Roubini, Professor of Economics, NYUs Stern School of Business and Chairman & Co-founder, Roubini Global Economics presided over the ICICI Lombard & CNBC-TV18 India Risk Management awards function and felicitated the winners. The awards ceremony was attended by Mr. Ashok Sethi, COO & ED, Mr. Ramesh Subramanyam, CFO and the Risk Management Team.
Commenting on this achievement, Mr. Anil Sardana, CEO and Managing Director, Tata Power, said, “We are humbled to receive the award. The India Risk Management award is a reflection of our commitment to drive innovation across processes including managing risks. It is very encouraging to see that our efforts recognized and appreciated at the prestigious ceremony. We will continue to work towards building our capabilities on risk management, business continuity and disaster mitigation.”
The CNBC TV18 India Risk Management Award, organised 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 provide a unique platform that honours the organisations and teams that have developed the best risk management practices and capabilities across business categories. The jury was led by Ms. Arundhati Bhattacharya.
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