Tata Power 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 Piyush Goyal, MoS, Power, Coal, New & Renewable Energy and Mines; Arjun Ram Meghwal, MoS, Finance and Corporate Affairs; and Manoj Sinha, MoS, Railways
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.”
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