Vedanta TSPL wins ICSI National Awards for ‘Excellence in Corporate Governance’
20th January 2021
Mansa, Punjab, 20 January 2021: Talwandi Sabo Power Limited (TSPL), the largest thermal power plant in Punjab, wins two awards at the prestigious 20th edition of the National Awards for Excellence in Corporate Governance, conducted by The Institute of Company Secretaries of India.
TSPL was adjudged as the ‘Best Governed Company’ in Unlisted Segment: Medium Category and Company Secretary Ms. Mansi Bhutani was conferred with the ‘Governance Professional of the Year’ award.
Sharing his views on winning these coveted awards Vikas Sharma, CEO and WTD, TSPL said, “At Vedanta, we are committed to the highest standards of corporate governance as the country’s leading natural resources company. This award stands testimony to our strongly ingrained value system and bolsters our resolve to make TSPL a gold standard in business excellence.”
Instituted for inculcating and inducing a pervasive consciousness of the need for good governance in India Inc, the ICSI National Awards recognize impeccable performance by corporates and professionals in the arena of Corporate Governance. Shri Piyush Goyal, Hon’ble Union Minister for Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution, graced the occasion as the Chief Guest, and Hon’ble Justice AK Sikri Former Judge, Supreme Court of India and International Judge, Singapore International Commercial Court, was the Chairman of the Jury for the awards.
Vedanta’s Talwandi Sabo Power Limited (TSPL) is a supercritical 1980 MW world-class thermal power plant in Banawala, Mansa district, Punjab and supplies 100% of the electricity it generates to Punjab State Power Corporation Ltd. TSPL deploys globally benchmarked environment and safety practices making it Punjab’s greenest thermal power plant, and among the foremost zero-harm, zero-waste, zero-discharge thermal power producers in the country. The plant has been instrumental in the socio-economic development of the region since inception.
About Vedanta Limited:
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s flagship social impact program, Nand Ghars, have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies have been featured in Dow Jones Sustainability Index, and was conferred Frost & Sullivan Sustainability Awards 2020, Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2022. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.
For more information, please visit www.vedantalimited.com
About Vedanta Aluminium Business:
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.29 million tonnes in FY23. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry, a reflection of its leading sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
For more information, please log on to www.vedantaaluminium.com
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This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional, and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
