November 2018 Issue

Vol. 38 No. 6 November, 2018

Chairman's Desk...... 05 Articles Paving way for New India through Smart Villages...... 07 by Dr. U. D. Choubey Sustainable Business Performance...... 10 by Venkkat Ramanan G20/OECD Principles of Corporate Governance 2015:...... 13 Indian Framework by Dr. B. B. Goel & Manish Jindal BEML: Committed to Indigenization and Creation of a...... 18 Vibrant Vendor Ecosystem by Deepak Kumar Hota Improve Business Awareness of PSEs for Better Valuation...... 20 by Arun Kejriwal India Jumps 23 Places in World Bank’s Ease of Doing Business Report. 22 by K. R. Sudhaman cnyrh ifjHkk"kk;sa...... 24 MkW ;w- Mh- pkScs ds }kjk

SCOPE News SCOPE’s Advanced Leadership Program...... 25 SCOPE Organizes Health Talk on Breast Cancer...... 27

PSE News PSEs Observe Vigilance Awareness Week 2018...... 33 PSEs Sign MoU...... 45 Personalia...... 49 PSEs Take Lead in CSR Activities...... 51 HPCL registers Outstanding Performance during FY 2017-18...... 61 Hindustan Copper Limited 51st Annual General Meeting held...... 63 GRSE delivers 6th Warship to Indian Navy in 16 Months...... 65 NMDC’s International Conference on Minerals and Metals –...... 66 Outlook 2030 Concluded Successfully MMTC's Rising Financial Performance for half year ending...... 67 30th September, 2018 SAIL becomes the First Indian Steel maker to roll NPB – 750 ...... 67 HAL holds AGM: First After Listing...... 68 Vol. 38 No. 6 November, 2018 Annual Subscription:Rs. 500/- Total Pages:84 A. S.Khan PUBLISHER Nisha Sharma EDITOR General Director CHIEF EDITOR Contents Dr. Ajay Kumar, (Defence Production) IAS,Secretary visitsGSL...... Awards &Accolades to PSEs...... NTPC’s 44 NBCC pays Dividendto theGovernment...... 'FTSE4 GOODEmerging for Index' thesecond year inarow ...... Index GAIL includedintheGlobalSustainability 10% inoff-Take NCL registers aGrowth of13%inCoal Production and...... celebrates TripleHSL Triumphs...... Village inGujarat REIL-NDDB upFirst Set Cooperative Solar at...... Mujkuva Charging by (L&E) Secretary, Infrastructure DHIandSecretary ofREILElectronic Inauguration Vehicle ...... for Green Grid 48 upofSteelSetting Plant in ofAndhra Pradesh District YSR. Kadapa rises, Bottom-line surges more 60%,Order thandoubles booking BHEL maintains Growth inQ2of2018-19: Momentum Top-line. to itsStakeholders MCL goesbeyond Cashless: Begins Digital Payments MCL willproduce 162.5MT Coal 2018-19:Mr. during CMD R.Mishra, CNRST, MoroccoDelegation visitsNRDC...... Scientific IREDA pays Dividendfor FY2017-18to Government...... ofIndia simulator center establishedat AAI System (ICMS)&Aircraft andFire Rescue Fighting (ARFF) Driving India’s First world-Command classIncident ...... Management callsonChiefMinister, IndianOil Chairman, Pradesh Uttar ...... CMD, PFCpresents RTGS US$1Million Advice to ISA...... th th

Annual General Meeting ofCentral Annual GeneralMeeting Limited Electronics held...... AGM ofHUDCO held...... c onference onPower Paving Plant Flexibility: way...... Price percopy:Rs.50/- Tel: 011-43700100 Designed by Akar Advertising &Marketing (P)Ltd. Phase-II, NewDelhi-110028 at RaveScan(P)Limited, A-27, NarainaIndustrial Area, E-mail: [email protected] New Delhi-110003 • Tel.: 24361495,Fax:24361371 Core 8,1 A. S.KhanonbehalfofStandingConferencePublicEnterprises, Published andprintedatNewDelhiby the authorsandnotnecessarilyofSCOPEManagement.-Editor accepted style. The viewsexpressedinvariousarticles arethatof prior permissionoftheEditorandwithacknowledgmentin Material publishedinKALEIDOSCOPEmaybereproducedwith “Standing ConferenceofPublicEnterprises”) (Payment maybesentbyDD/Chequedrawninfavourof st Floor, SCOPEComplex,7LodhiRoad,

......

..... 82 80 79 73 74 79 78 78 77 76 75 72 73 72 70 70 69 69 68 71

CHAIRMAN’S DESK

ransparency and accountability are important pillars of Good Corporate Governance. TIt is widely recognized that a culture based on transparency, fairness and accountability accel- erate corporate performance and builds confidence of various stakeholders. The Government of India has also given good Corporate Governance its necessary due by creating legislations and regulations so as to ensure equity to all. Right to Information Act 2005 (RTI) is one of the key enactment in this regard. It has brought about perceptible change in terms of bringing transparency, and accountability in the working of public authorities by empowering the citizen to access the information available with public authorities including Public Sector Enterprises (PSEs). Since the enactment of the Act, SCOPE has been organizing Interactive Brainstorming Sessions, Symposiums, Workshops etc. which have been addressed by Chief Information Commissioner, State Information Commissioners, Senior Officials and professionals with rich knowledge on the subject. These programmes organized in various regions of the country provide a platform and unique opportunity to CPIOs and Senior Executives of PSEs to understand latest development in the area of RTI. In view of the encouraging feedback of these programmes, SCOPE now proposes to organize the 12th Symposium on RTI Act 2005 at Lucknow in December 2018. In order to help the PSEs to have better appreciation of the RTI Act, the symposium will include genesis, deliberations, and sharing of important provisions of the Act, case studies based on CIC and court decisions and presentations on recent development in the area of RTI. In addition,

Kaleidoscope November, 2018 5 good practices, success stories, and experience of With regard to our forthcoming programmes, one CPSEs in effective implementation of RTI Act shall day Program is being organized on International also be shared. Trade, WTO and Way Forward in academic collaboration with the Indian Institute of Foreign Trade A safe and healthy workforce is paramount for the in December, 2018 in Delhi. The Hon’ble Union well being of employees. SCOPE has always given Minister for Commerce and Industry has been in- top most priority to the health and safety of the vited to grace the occasion as the Distinguished employees. An Occupational Safety and Health Chief Guest. The program covering the contempo- (OSH) Network has been formed to share knowl- rary issues on global trade and commerce would edge and experience to OS&H amongst Member be of interest to CEOs/CFO’s besides other senior PSEs. So far, seven major events have been con- management personnel from the member CPSE’s. ducted under the aegis of OS&H Network. Eighth in the series, a workshop is being organized in Another SCOPE- APSE Advance Management Lucknow with the objective to provide indepth Program titled “The Power of thinking big” is understanding of issues for implementation for being conducted in academic collaboration with an effective OS&H Management System in PSEs, the S.P.Jain Institute of Management & Research. best practices in OS&H, construction, safety etc. Specially designed for senior/middle level execu- Besides, ISO:45001 provisions will also be deliber- tives from CPSE’s having leadership potential The ated during the programme. fully residential program would be held from 18th January, 2019-24th January, 2019 at the Institute’s In the October issue of KALEIDOSCOPE, I Campus at Mumbai. mentioned about the Advanced Leadership Programmes on Governance & Innovation for As SCOPE continues to promote the transpar- Chief Executives of PSEs. – A joint initiative of ent and good governance initiatives of PSEs, this SCOPE and University of Maryland, School of issue of KALEIDOSCOPE features observance Public Policy. of “Vigilance Awareness Week” on the theme “Eradicate Corruption – Build a New India’ in I am glad to mention that the programme was very PSEs. As these enterprises are well known for well received by the participants as they benefitted building an ecosystem for organizational excel- from the diverse insights shared by eminent fac- lence, such initiatives will further help in enhanc- ulty members from the University combined with ing transparency in their functioning. SCOPE will sharing of experience from peer participants. The continue to support in such initiatives of PSEs. programme covered a wide range of topics viz., current issues in international economic policies, unlocking innovation, managing across the sectors, leadership innovation and strategy in the 21st century, changing social expectations, investing in cyber security, future of work: Robots, AI and Ved Prakash Automation etc. Chairman, SCOPE

6 KaleidOscope Noveber, 2018 ARTICLE Paving way for New India through Smart Villages

Dr. U. D. Choubey Director General, SCOPE

he country has been buoy- “India lives in villages”, “wiping for outlaw activities. At this junc- ant with recent statistical out tears from every eye”, rural ture where the country is moving Trelease of GDP growth of development, poverty alleviation, towards digitalisation, a signifi- India. Economists and analysts “Chalo gaon ki oar” – all slogans cant number of school dropouts predict a strong growth of over have now been confined to his- in villages is alarming. As per 7.5% for the Indian economy by tory. Today, poverty and lack of Education Statistics 2018, ap- end of fiscal 2018-19. In fact, as development continues to live in prox. 18% children in rural India per international organisations villages. The rural-urban divide discontinued education after sec- like World Bank, Indian econ- is creating a sense of desperation ondary school whereas approx. omy has shown strong growth among villagers leading to in- 4% children did not continue parameters as a result of which crease in migration from rural to education after primary school. it became 6th largest economy in urban India resulting in division/ Key reasons are accessibility of the world in 2017. Similar projec- separation of families/ alienation schools, absence of sanitation fa- tions are made for 2018 and as per of families in rural India and cilities in school, engaging child analysts if India continues to increased pressure on land and in economic activities due to fi- grow at current rates, it is likely jobs in urban India creating an nancial constraints of the family that the country would become urban jungle. etc. This is a grave challenge in th 5 largest economy of the world Government has envisioned mul- the future which will pose tough- by end of 2018. tiple programs for rural India est task to control. Where at one end, India is emerg- however; the same are yet to reap On the electrification front, ing as a major economic power benefits. Though the state of rural though we are proud that in 2018 across the world, two thirds of economy is better, infrastructure 100% of our villages have been our population is still awaiting has improved substantially in vil- electrified but rural households its development. Opportunities lages but there is still a long way are yet to receive electricity at are being built to pave for pro- to go before the rural urban di- their doorstep. gressive development across the vide is diminished economically. All households in villages do not nation but 65% of India’s popula- have access to safe cooking me- tion in approx. 6.4 lakh villages The plight of Rural India dium. As per available reports, in are yet to march in tandem with India has over eighty crore peo- 2016 share of LPG in rural house- the country’s growth rates. This ple residing in villages. In the holds was only 33% as firewood implies that though the country absence of educational facilities and cow dung still holds ap- is on a growth trajectory, the ben- and proper environment for de- prox. 63% for household cooking. efits of the same are not percolat- velopment, large many drop outs Employment is largely in agricul- ing to the remotest strata of the in villages are disgruntled jobless tural sector against non-farm and country residing in rural India. youth who find villages as shelter employment in MSME & SMEs.

Kaleidoscope November, 2018 7 ARTICLE

Village lies in Skill development and development of tiny/ mini and micro industries shall contribute largely towards self- employment for overall economic development. Internationally, benchmarked skill will help in absorption of rural youth in several countries and shall ultimately capture the labour market in line with our technology based resource which has dominated world over. Similarly micro industry will provide each small house to develop its own manufacturing hub of small items All data in public domain reflect A model Smart Village which should be channelized for very poorly when it comes to ba- A model Smart Village should absorption in domestic and inter- sic facilities like internal roads, comprise of strong basic infra- national market. Trained youth drinking water, health and sani- structure and facilities which in village with supply chain tation, housing, education and moves beyond education, housing management guided by the local skill development centre, leaving and sanitation. A Smart Village state officials will provide good aside the internal facilities. should be one which is complete opportunity. In fact, role of State One of the outcomes of open eco- on sufficiency in food, efficiency Governments will be the most nomic policy and internet boom in transport, strong bandwidth important factor and there will has been the fact that expecta- in communication, completeness be need for complete consen- tion of people in rural India has of education under one roof or sus between Centre and States. gone very high. Technology has within easily accessible distance Academic institutions have also provided access to information to with sanitary facilities and imple- important role in developing the remotest corner and there is mentation of sanitation. Hence, to Smart Villages. More institutes sense of comparison. People sit- enumerate, a Smart village must in line with Institute of Rural ting in remote areas know about have internal roads, electricity Managament Anand (Gujarat) the standard of living of people in (through solar/other non-conven- can be developed so as to special- other parts of the world. Looking tional source), education and skill ise youth in rural management. at such larger mass in rural India, development – micro industries, With increased participation of it is incumbent on not only the health, sanitation and internet corporates in development of Governments but enterprises to facility etc. Smart village will not rural India would require spe- give serious consideration to this only improve the standard of liv- cialised and trained personnel in menacing problem before it being in villages but also boost up this field. At this juncture man- comes too late. Under such a situ- national economy. The masses in agement and other graduates can ation, developing Smart Villages villages, particularly the youth contribute in filling the likely gap should be started both in letter shall come in the mainstream. that may be created due to ab- and spirit. As it requires radical Skill developed in villages shall sence of experts/ trained person- change and harder pill, there is lead to self-employment for tiny/ nel in this field. no harm if strict mandatory com- mini and micro industrial prod- Creation of Smart Villages does pliance is given as guideline by ucts. The products so developed not imply replacing our roots. the Government. This is likely must be absorbed in the outside Traditionally, Indian economy to provide a very good brand for market for which proper Supply has been largely agrarian. More corporate sector and the govern- Chain management must be than 40% of rural youths/adults ment for maintaining sustained formulated. are employed in agricultural ac- relation with community at large. The key to developing a Smart tivities. However, due to erratic

8 KaleidOscope Noveber, 2018 ARTICLE climatic conditions, lack of avail- substantial part needs to be di- ability of finance to adapt to new- A model Smart Village verted towards villages. Smart er technologies, lack of awareness should comprise of strong village so developed would re- of better technologies to increase quire nurturing to give sustain- yield, absence of storage facili- basic infrastructure and ability. Neither Government nor ties, etc. has led to a deplorable facilities which moves corporates alone can contribute state of the farming community. beyond education, housing such a large fund. This requires The situation is further aggravat- concerted efforts form all levels ed due to farmer suicides due to and sanitation. A Smart including Government, corpo- lower yield or low price for out- Village should be one which rates and people at large. Grant in put cultivated by them and role aid from world financial institu- is complete on sufficiency in of middlemen. There is need for tions could also be explored. The irrigation facilities, developing a food, efficiency in transport, present provision of fund under strong and easily accessible bank- strong bandwidth Members of Parliament and other ing facilities, storage facilities and portion of funds allocated to rural common market place for direct in communication, development may also form part sale at remunerative prices. completeness of education of transformation of villages to Smart Village. under one roof or within How to develop Smart easily accessible distance Village? Long way ahead... Baseline surveys of the villages with sanitary facilities India at present enjoys demo- needs to be adopted in respect of and implementation of graphic dividend of a growing all the requirements to transform young population but this talk of the village into Smart Village. sanitation. Hence, to demographic dividend is likely Such a survey should assess enumerate, a Smart village to give way in another 5-7 years if the requirement of facilities viz. must have internal roads, our rural youth is not developed internal road, drinking water, equivalent to the pace at which health and sanitation, education, electricity (through solar we are utilising our demographic skill development, micro & tiny / other non-conventional dividend. industries and above all communication & internet facility. The source), education and Under these circumstances, there next step would be assessing the skill development – is an urgent need to develop our estimate of expenditure required, villages and repaint their picture followed by selection of agencies micro industries, health, of class deprived, exploited and for implementation and execution sanitation and internet underdeveloped economic mass. through a transparent system. As facility etc. Smart village In order to achieve this, inclusive this is going to be the most impor- programs and schemes need to tant part in the mission of mak- will not only improve the be implemented in a structured ing Indian Smart Village, utmost standard of living in villages way so as to ensure equal impor- care would be required to select tance and necessary facilities to but also boost up national the agency. Agency so selected our rural population. This would should be given full responsibil- economy. not only help in developing and ity to establish Smart Village in a improving the rural class but in- fixed timeframe. There must be tegrate rural development with a monitoring agency to see the will be required. At this stage, urban development to create a implementation part to ensure it may be mentioned that out of positive path for wholesome eco- that the benefit reaches the end the 2% mandatory provision for nomic development of the coun- point. At the end, a social audit Corporate Social Responsibility, try towards a New India.

Kaleidoscope November, 2018 9 ARTICLE Sustainable Business Performance

Venkkat Ramanan*

efinitions of sustainabil- stable operating environment and whose work underpins many ity abound. An early de- market growth. For individual of the SDGs relating to resource Dscription, by the World Corporations, a focus on sustain- use and responsible consump- Commission on Environment ability reduces risks, drives cost tion is provided by Ecological and Development, was that it savings, encourages innovation Fibers Inc. The company, based encompasses development that investment, and helps companies in Massachusetts in the US, had meets the needs of the present engage with customers, staff and the courage back in the 1970s to without compromising the abil- the wider community. make sustainability issues the ity of future generations to meet cornerstone of its business. It is Reputation is a key factor for their own needs. A good start- now a world leader manufacturer business success today – society ing point today is that it includes of premium-quality, environmen- is continuously demanding more three dimensions of human activ- tally sound cover and bindery transparency and accountability. ity: the economy, society and the materials for the book, stationery, In this social media age, reputa- environment. packaging and security-docu- tions can be rapidly shred, and ment industries. It has looked Sustainable businesses achieve front-facing parts of a business at all elements of sustainability, long-term economic perfor- cannot afford to ignore consum- and what first began as an ethical mance while generating positive ers. There is a constant need for principle has continued to make value for society and minimis- businesses, including SMEs, to clear and sound business sense. ing the businesses environmen- earn and retain trust. Research by tal impact. PWC shows that 78% of citizens As the SDGs gain traction, man- The business case for sustainabil- said they would be more likely to agement accountants’ skills in the ity is put starkly by Mark Wilson, use goods and services of an or- areas of governance, risk man- AVIVA group Chief Executive ganisation that had signed up to agement, business analysis and officer: “If business isn’t sustain- the United Nations’ Sustainable decision support will become in- able then society is at risk. And Development Goals (SDGs). creasingly important. if society isn’t sustainable then One of these, risk management, The 17 SDGs were developed to business is at risk.” The case for is particularly relevant to today’s address issues including poverty, sustainability is also further out- often complex and global sup- hunger, health, education, cli- lined in a new CGMA report, ply chains. There is a danger that mate change, energy and social Creating a Sustainable Future. It downward pressure on cost and justice. says that at the macro level, sus- efficiency could force suppliers tainability is relevant in creating a An example of an organization to lower standards. However,

* FCMA, CGMA, Regional VP, Asia-Pacific, Association of International Certified Professional Accountants

10 KaleidOscope Noveber, 2018 ARTICLE identifying suppliers with trusted reputations and sustainability credentials can limit that risk. A World Economic Forum report, Beyond Supply Chains – Empowering Value Chains, points to how responsible products generate up to 20% more revenue, while reducing supply chain costs by 9-16%. Brand value is also estimated to increase by up to 30%. The CGMA Global Management Accounting Principles describe management accountancy best practice. They set out how a business’s activity relies on – and report and accounts … provides impacts – external factors and An example of an the information necessary for the mega trends such as climate shareholders to assess the com- organization whose work change and population growth. pany’s position and performance, All businesses need to under- underpins many of the SDGs business model and strategy”. stand the true cost of choices and Second, there is a presumed link relating to resource use and factor those into their decisions. between business models and For instance, the price paid for a responsible consumption the long-term performance of commodity is only part of its ‘true companies. Business models are cost’. The commodity may con- is provided by Ecological the means by which the organ- tribute to deforestation, which isations create long-term value Fibers Inc. The company, may result in increased carbon and sustained success. According emissions and thus contribute to based in Massachusetts in to the International Integrated climate change. Reporting Council (IIRC) a The concept of the “business the US, had the courage well-designed, aligned busi- model” is widely used in busi- back in the 1970s to make ness model promotes integrated ness and academia for three main thinking which is the basis for reasons. First, some regulators sustainability issues the organisational success. From this require some organisations to perspective a major role of senior describe their business models cornerstone of its business. managers is to design and de- when reporting to sharehold- It is now a world leader ploy appropriate business mod- ers. The requirement by the UK els, which enable organisations Companies Act for organisations manufacturer of premium- to exploit business opportunities to include a strategic report as around them. Regulators base part of their annual report, and quality, environmentally their requirement for organisa- the Financial Reporting Council’s sound cover and bindery tions to disclose their business (FRC) “Guidance on the Strategic models in reports to shareholders Report” that places the business materials for the book, on this thinking. model at the heart of the strate- stationery, packaging Lastly, to some organisations the gic report, is an example of such use of business models repre- regulation. This is reinforced in and security-document sents best practice in managing Section C1.1 of the UK Corporate fast-changing operating environ- Governance Code, which requires industries. ments and even organisations directors to “state that the annual that are not required to use or

Kaleidoscope November, 2018 11 ARTICLE disclose their business models are doing so. They are often respond- ing to disruptions in their operating environments, particularly from organisations who have new or better business models. It aims to use the business model to explain how value is created, delivered and shared between stakeholders. Although it stresses both customer and investor value, it argues for a wider concept of shared value. A central plank of this work is its emphasis on the need for connectivity and align- ment between the organization and its operating environment (both internal and external) and others (Fig 1 below). To define when organisations define value, thus promotes integrated think- value, organisations look at who although the customer is often ing. The business model shapes they create value for and what prioritised. Those who provide and is shaped by the organisa- counts as value for them. To cre- resources and help turn them tion’s culture. An understanding ate value the focus is on how re- into outputs (eg. suppliers and of the business model can enable sources are sourced and turned employees) are key when creat- leaders to examine the firm’s cul- into outputs that customers and ing value. They also receive value tures and sub-cultures, and to others desire. Delivering value from the organisation at the same align it with the organisation’s means finding ways to get value time. Customers are the ones to purpose and vision. to those it was created for. To cap- whom value is delivered. The ture value is to ensure that there organization captures residual This gives us four parts of is adequate residual value to value to share among the provid- the business model share between the organisations, ers of financial capital, govern- Organisations define value (ie their shareholders and others. ment, senior executives and for make decisions about value), cre- Each part of the business model reinvestment. The parts of the ate it, deliver it and capture re- is aimed at a range of stakehold- business model are linked and sidual value for themselves and ers. All stakeholders are in view aligned to each other. Finally, the way forward is to understand the SDGs and then build them into your strategy, business model, and your reporting. Consider how your business makes either a positive or negative impact on achieving the SDGs. Few companies can contribute to all 17 SDGs, but a focus on those most relevant to your activities and whether there is further scope for innovation or partnership in those areas are a few ways to achieve long- term sustainable success. The Association has produced a Fig. 1 free guide that can be found at https://www.cgma.org/sdgs. ARTICLE G20/Oecd Principles of Corporate Governance 2015:

Dr. B. B. Goel Manish Jindal Indian Framework Prof. of Public Admn. (Retd) CEO, Punjab University, Chandigarh Nabet Quality Council of India, New Delhi

he developed and devel- like China, Brazil and India. and capital markets, called for re- oping nations have been Initially, twenty countries joined assessment of their impact a year Tmaking concerted efforts OECD by signing a Convention earlier than previously intend- to bring governance reforms for held at Paris on December 14, ed. A Steering Group compris- growth of corporate sector. But, 1960 (effective from Sept. 30, ing representatives from OECD most of these attempts have been 1961). They resolved to achieve countries, World Bank, I.M.F., country specific and lack co-ordi- highest sustainable economic FSB, International Organization nation, collaboration and consis- growth and a rising standard of of Securities Commission, etc., tency to integrate best practices at living in member countries while had wide range discussions and one place. While U.S.A. and U.K. maintaining financial stability. consultations and released a re- have been pioneers in setting up They promised to play significant port “Corporate Governance: A Committees/ Working Groups role in economic development Survey of Developments in OECD one after the other relating to and expansion of world trade on countries”. It concluded that 1999 governance initiatives, India too a multilateral and non-discrimi- Principles needs to be re-visited. has followed suit especially after natory basis. The Revised Principles released 1990s. However, at international on 22nd April, 2004 reiterated that level, World Bank, ADB, IMF and Genesis these in no way intend to substi- other multilateral organizations For accomplishing mandate and tute for Government, semi-Gov- including NGOs awoke quite late directives of OECD Council, a set ernment and private initiatives to to spell out philosophy, principles of OECD Principles were framed develop detailed ‘Best Practices’. and practices that should govern (April 28, 1998). Endorsed by Rather, these are a living instru- corporate to facilitate long-lasting OECD Ministers in 1999, these ment endeavoring to provide evi- benefits both for shareholders have been adopted as one of the dence for experimentation and and stakeholders. Twelve Key Standards for sound adoption/adaptation. The Organization for Economic financial systems by Financial Worldwide financial and eco- Cooperation and Development Stability Board (FSB) and gover- nomic crisis (2008) suggesting an (OECD): a NGO at Global level, nance component of World Bank improved financial landscape, set the ball rolling on governance & IMF globally. investment and growth plan framework. With 35 countries Having been in place for about due to changing role of Stock in its ambit at present, it was set three years, OECD Ministerial Exchanges, new investors and up as a block of American and Council (2002) in wake of financial trading practices, again called European economic powers in scams (Enron and World.Com) for new benchmarks. The OECD 1960. In following years, it started that undermined confidence in accordingly set in motion an ana- working with emerging giants integrity of financial institutions lytical approach by conducting

Kaleidoscope November, 2018 13 ARTICLE

requirements consistent with rule of law; c) articulated division of responsibilities of public authorities; d) supportive stock market regulations; e) enforcement authorities discharging duties professionally & objectively; & f) enhancing cross-border cooperation for exchanging information.

Rights and equitable treatment of Shareholders and Key Ownership Functions There are seven sub-principles: a) basic rights of shareholders; b) rights to approve or participate thematic peer review in prior- Shareholders” to ‘Institutional in decision-making; c) opportu- ity areas like Risk Management, Investors, Stock Markets and oth- nity to participate and vote in Related Party Transactions, Board er Intermediaries’. Similarly, 2nd AGMs; d) mutual consultations Practices, Institutional investors, Principle has undergone a par- by shareholders and institutional Stock markets etc, so that gover- tial change viz., ‘Rights of share- shareholders concerning their ba- nance policies facilitate effective holders and key ownership func- sic rights; e) shareholders’ control revision and implementation of tions’ to “Rights and Equitable disproportionate to their equity long tested Principles. The pro- Treatment of shareholders and ownership; f) approval of related cess initiated in 2013 culminated key ownership functions”. In party transactions without con- in 2015 after consultations with all, six new sub-principles under flict of interest; and g) protect- stakeholders including civil so- Principle I, III and VI have been ing minority shareholders; and ciety organizations, international incorporated so that the revised transparent corporate control by bodies & G20 countries having version exhibits a roadmap; an markets. no OECD membership. After improvement to erstwhile 2004 detailed deliberations at G20 principles; and accomplish fi- Institutional Investors, meeting of Finance Ministers in nancial stability, openness and stock markets, and other Ankara (5th September 2015) and transparency of financial sector. intermediaries endorsed in November 2015 at Annexure I vividly provide a The 3rd Principle has again seven Antalaya Summit (University glimpse of significant changes in sub-components: a) disclosure of Toronto), these have been re- 2004 and 2015 Principles. of voting policies by institutional branded as G20/OECD Principles The Principles are in two parts: investors acting in fiduciary ca- of Corporate Governance. Part I covering main Principles pacity; b) voting by custodians and its respective sub-principles; as directed by beneficial owners; Novel Features and Part II commentary hereon. c) material conflict of interest of The rechristened 2015 Principles To ensure conciseness, precision, institutional investors Vs their address emerging issues based and clarity, these are explained investments; d) conflict of inter- on global expertise and experi- under six main heads: est of proxy advisors/analysts/ ences and are more or less rep- brokers/rating agencies in integ- lica of 2004 document with sub- Ensuring the Basis for an rity of their analysis/advice; e) stantial changes in the text. To be Effective Corporate Governance prohibiting inside trading; f) dis- more specific, th 4 Principle has Framework closures of regulations for com- been left unchanged (except mi- It has six sub-principles: a) frame- panies listed in jurisdiction other nor refinements in text). Title of work to impact economic perfor- than its incorporation; and g) 3rd Principle has been revamped mance, market integrity and in- stock markets providing efficient from “Equitable Treatment of centives; b) legal and regulatory price recover.

14 KaleidOscope Noveber, 2018 ARTICLE

The role of stakeholders in corporate governance Six components form this Principle: a) respecting rights of stakeholders; b) redressing stakeholders’ Rights; c) developing employee participation; d) access to regular and timely information to Stakeholders; e) stakeholders and employees communicating their concerns to Board; and f) an efficient insolvency framework.

Disclosure and Transparency 5th Principle has five constitu- ents: a) strong disclosure regime; b) high quality of accounting principles. The latest 3rd review place items on AGM agenda by reporting; c) independent an- (2016) covering 47 jurisdictions adhering to mandatory require- nual quality audit; d) auditors including India has categorized ments; and approve certain re- accountability to shareholders; them into 4 core areas: corpo- lated party transactions. Finally, and e) channels for disseminating rate landscape, corporate gover- Board of a listed concern can have information. nance framework, rights of share- more than 15 directors by pass- holders and corporate Board of ing special resolution. Likewise, The responsibilities of Directors. independent directors can have the Board India’s proactive approach to two terms of five years through The last Principle too comprises adopt these principles right from special resolution. Besides, sepa- five sub-parts: a) informed Board; infancy has been highly hailed. ration of CEO and Chairman of b) Board to treat all shareholders Its corporate landscape in terms Board & constitution of Audit, fairly; c) adoption of ethical stan- of ownership structure is char- Nomination and Remuneration dards by Board; d) performance acterized by widespread use of committee with sufficient num- of key functions by Board; and company groups often in form ber of independent directors is e) Board’s independent judgment of pyramids. Regulatory frame- mandatory for certain compa- on corporate affairs. work consisting of Companies nies. Act specifically provides for (Amendment) Act 2017, SEBI appointment of one director to fa- Indian Governance Act and LODR Regulations 2015, cilitate representation of minority Framework Vis-À-Vis G20/ Stock Exchanges and Voluntary shareholders. OECD Principles Guidelines is enforced by Ministry India has taken lead for a legal World Bank and IMF Reports of Corporate Affairs and SEBI. framework relating to CSR contri- on Observance of Standards and The latter – a collegial body hav- butions; induction of at least one Codes (ROSC) regularly carry ing representatives from a host of woman director in Boardroom; out surveys for assessing imple- agencies is appointed by Ministry a vibrant whistleblowers’ pol- mentation of Principles by devis- of Finance. Stock Exchanges (NSE icy; disclosure of top manage- ing methodology on a five point & BSE) in addition to superviso- ment remuneration; ceiling on scale, i.e., observed, largely ob- ry and monitoring role too have Directorships; code of corporate served, partially observed, mate- started operating like joint stock governance, etc. rially not observed, and not ob- companies. Shareholders exercise served. But, India’s performance vast powers in management of Despite these innovative mea- is not very rosy. Similarly, OECD Listed Companies i.e., AGMs can sures, studies bear lukewarm Corporate Governance Fact book be convened with 21 days prior pace in implementation both (2014) keeps a track of implemen- notice; they can request not only by India and other BRICS tation of corporate governance convening of AGMs but also to countries. If Russia, Brazil and

Kaleidoscope November, 2018 15 ARTICLE

Indonesia were most active, as valid principles. Similarly, de- There is however, no consen- India has partially implemented spite reforms introduced in de- sus till-date to have a universal them. According to Report of veloped world like USA for trans- model due to varying political, International Organization of parency in disclosure of CEO historical, socio-economic, le- Securities Commissions (IOSCO) pay/median wage workers’ ratio, gal and cultural backgrounds. in October 2016, there is generally visible changes in the text on ex- The Principles are not the magic highly concentrated ownership ecutive pay are not seen. Alas! wand to eliminate all the ills of structure, low share of indepen- Such aspirations and desires have corporate sector. In fact, liberal- dent directors, low transparency, been belied as the new document ization, privatization and global- high level of corruption, and has hardly turned the table in ization have left a deep imprint large number of scandals in listed bringing dramatic changes both on convergence of internationally companies of developing world. in sequence number and contents accepted set of standards which IMF Research 2016 pointed out of 2015 version. command a high premium in decreased incidence of transpar- emerging markets. Those coun- ency in reporting and auditing. Conclusion tries and corporate who fail to Another study by India Today take stock of such developments, The G20/OECD Principles are (2017) reported that independent are bound to be biggest losers of voluntary and not binding on any directors are not actually inde- the game. In absence of strong constituent or non-member of pendent at all. Despite extension in built governance mechanisms, OECD. These are concise, under- of deadline by six months, wom- they shall be deprived of tak- standable and easily accessible en directors are close relatives ing advantages of foreign capi- to international community and of top echelon. In sum and sub- potent tools to improve corporate tal, technology and intellectual stance, implementation of G20/ governance not only for publicly capital so necessary for crucial OECD Principles has been quite traded companies, but also for investment decisions, capital tardy; lacks will; and India may non-traded companies. These formation, efficient function- lose its sheen as an investment do not require detailed prescrip- ing of market economy and ul- heaven if immediate corrective tions for legislation; abundantly timately underpinning growth. measures are not taken. recognize rights of stakeholders; On the whole, as the Preface to encourage participation in creat- 2015 Principle starts “Corporate Critical Appraisal ing wealth and jobs; and are sub- Governance framework should Undoubtedly, flexibility in gov- ject to adaptation and innovation. promote transparent and fair ernance principles according to These are more or less in con- markets, and the efficient allo- one’s legislative, political, histori- formity with U.S. philosophy of cation of resources. It should be cal and other specificities has not maximizing shareholders value & consistent with rule of law and brought fundamental changes to societal focus of European system support effective supervision and basic structure of 2004 Principles. and reject any claim of superior- enforcement”. These continue to abide by notion ity of one model over other. of “no one size fits all”; lack pace G20/OECD Principles thus, have for further experimentation and The Principles envisage that attained universal acclaim like implementation; and not yet ripe governance framework ought U.K. Cadbury Report. To remain to usher in a unified and integrat- to be credible and adhere to competitive, corporations must ed model. There were high ex- internationally accepted prac- innovate and adapt governance pectations that revised Principles tices so that corporate can easily practices for meeting new de- shall not only resolve economic attract ‘patient’ capital from mands and grasping opportuni- challenges but also provide solu- global markets; reduce cost of ties. It calls for a continuing pol- tions to ecological concerns and capital; induce stable sources of icy dialogue, identify new trends Sustainable Development Goals financing; and recognize inter- and challenges and G20/OECD so dear to one and all. Separation ests of both employees and other framework appears to be the most of Chair and CEO position and stakeholders contributing to all befitting forum to take up such a gender diversity in Boardroom round performance, progress and daunting task professionally, in- has yet to be formally introduced prosperity. dependently and objectively.

16 KaleidOscope Noveber, 2018 ARTICLE

OECD 2004 & G20/OECD 2015 Principles at a glance: Significant Changes (Leaving a side Internal Adjustments)

Principle 2004 Version 2015 Version Other impact No. 1 2 3 4 - New • Complimentary role of soft laws and • Stock market regulators should support comply or explain principle effective corporate governance • Human rights and environmental laws I • Cross-border co-operation should be impacting governance practices. enhanced including through bilateral and multilateral arrangements for exchange of information Rights of Rights and equitable treatment of shareholders • Cross-border voting through shareholders & key and key ownership functions intermediaries II ownership functions Approval of related party transactions and • Say on pay rules prevention of conflict of interest (Regrouping of sections under a single head) Equitable Treatment Institutional Investors, stock markets and other • Disclosure by Directors and Key executives of shareholders intermediaries of material interest in transactions New • Disclosure of voting rights - a good • Transparency & disclosure rules for practice III companies listed in another country than place • Transparent fee structure of asset of incorporation managers/intermediaries • Stock markets to provide fair and efficient • Disclosure by proxy advisors of their price discovery as a means to help promote methodology effective corporate governance - - • International conventions recognising workers’ right to information, consultation and negotiation • Due diligence procedure for multinational IV entrepreneurs. • Company’s clients too part of stakeholders.

A2. Company A2. Company objectives and non-financial • Information on social and human rights objectives information issues, political donations, and country by A3. Major share A3. Major share ownership including beneficial country reporting ownership and voting owners and voting rights • Healthy Practice to disclose Directors rights A4. Remuneration policy of members of the shareholding A4. Remuneration Board and key executives • Rationale for cumulating CEO/Chair V policy for members F. Deleted position of the Board and Key • Strengthening audit fee executives F. Prevention of conflict of interest of analysts, brokers, rating agencies. - New • Aggressive Tax avoidance practices • Board Evaluation • Executive remuneration claw back • Board level employee representatives provisions. • Audit Committee role to oversee integrity VI of internal control system • Importance of specialised Audit Committee and Remuneration Committee • Gender diversity issues

Kaleidoscope November, 2018 17 ARTICLE BEML: Committed to Indigenization and Creation of a Vibrant

Vendor Ecosystem Deepak Kumar Hota CMD, BEML Limited

EML is wholly commit- one technological and commer- • Vendor Development Cell ted to the `Make in India’ cial competition. Presently over works as a ‘single window help Bdrive, launched by the 80% of total business come from desk’ for new vendors. Government with the vision to such tough competition mode • New vendors register through enable India to be a global eco- sales, while 50% of the business ‘Open Ended Expression of nomic power house. The cam- is from in-house R&D developed Interest’ for identified items. paign essentially translates to products. BEML has also export- • New vendors are closely sup- supporting indigenization there- ed its products to over 68 coun- ported by imparting knowl- by promoting competiveness tries. Proactive indigenization edge on BEML manufacturing and enhancement of capacity and and vendor development have processes, specifications, qual- capabilities of Indian manufac- increasingly become cornerstones ity systems, etc. turing industry. In addition, the of BEML business strategy by le- • BEML also extends its testing drive aims to gain competitive veraging the strengths of Indian facilities to the vendors as per edge through R&D initiatives, de- manufacturing industry, especial- requirement. veloping new and breakthrough ly MSMEs. • ‘Expression of Interest’ is pub- technologies, and move towards BEML’s overall business strategy lished periodically for items for the goal of “pushing the bound- envisages the company to trans- new and upcoming projects. aries with innovation, technology form itself into a system integra- • BEML is steadily increasing and indigenization”. tor by outsourcing a substantial the vendor outreach by par- part of manufacturing activities The `Make in India’ drive in ticipating in vendor develop- to Indian vendors, to enhance its the context of BEML, which is a ment programs organized by capacity and achieve cost optimi- highly diversified company in- the Government / Ministry, zation while improving competi- volved in the manufacture of CII, FICCI and other Industry tiveness. BEML is committed to Defence equipments, Mining associations. & Construction equipments making use of the facilities that and Rail & Metro products, is are available in the Indian indus- BEML has systematically devel- a great opportunity to boost its try before embarking on capital oped extensive vendor base cov- business prospects. Company investments. To achieve its indi- ering most of the material pro- is wholeheartedly contributing genization goals, the company curement requirements including in the campaign internally and has the following well estab- foundries, forging, machining, with increased sourcing from lished policies, procedures and electrical and sub-assembly man- local manufacturers. BEML is guidelines. ufacturing etc in Defence and operating in intense competi- • The Planning, Purchase and Mining & Construction equip- tive business environment across R&D departments of BEML ments and Rail & Metro products. all its business verticals and is are tasked with indigenization Vendors are actively supported pitted against Multinational goals and they facilitate local by the respective business verti- Corporations to win sale orders manufacturing either in house cal engineering teams in develop- by fielding its products in a one to or through vendors. ment of the products. Wherever

18 KaleidOscope Noveber, 2018 ARTICLE

the suppliers design is adopted BEML R&D is adopting the digi- trailer, and wagons and more on BEML products, the IP rights tal design and virtual validation than 80% in case of high mobil- of the supplier are respected and approach with the aid of CAD ity heavy duty trucks. In house joint IP are held covering inter- and CAE tools for faster product developed products include est of both parties. The growth development. Modern software SMERCH 8x8 and 10x10 Vehicles of BEML vendor base in the last tools like Enterprise Resource with additional steerable rear three years has been to the tune of Planning (ERP) and Product Life wheels, Arjun Armoured Repair 5 to 6 percent per annum. Cycle Management (PLM) are Recovery Vehicle and 6/16 Truck fully leveraged for integration of The proactive and concerted ap- Mounted Crane vehicle. R&D with market needs, plan- proach by BEML has resulted in As part of developing indige- ning, purchase, production, tool- indigenization level of above 90% nous capabilities, BEML has been ing, quality and service functions. in respect of major Mining and working closely with reputed in- R&D expenditure is to the tune of Construction equipment, over stitutions like Indian Institutes of 2.5% to 3% of gross sales which is 80% in respect of high mobility Technology and Indian Institute in line with the industry standard vehicles in defense equipment of Science to help improve the for the engineering industry. and over 60% in respect of Metro products in complex domains cars. Consequently, the value of The unique contribution of BEML like torsion, vibrations, noise import percentage with respect in the recent past includes de- reduction, crash analysis etc. to VoP has been showing a steady velopment of, state-of-the-art International consultants have decline from 1 to 3 percent in the products for mining sector like, also been engaged in develop- BE1800E – 180 Ton biggest ever last three years. ing certain high value and chal- electrical Excavator, BH150E – lenging products, where domain BEML has a full-fledged R&D 150 Ton Dumper and BH205E expertise was not available with- Centre at Kolar Gold Fields, – 205 Ton biggest ever electric in the country. BEML has also with Structural Engineering and drive dump trucks designed, planned to set up ‘Make in India Power Line Laboratory, along developed and manufactured Parks’ by attracting potential col- with Fluid Power Laboratory, in house, which enables import laborators with niche technology Material Science Laboratory substitution and helps promote and consequently minimize im- and Design Centre with mod- the cause of green mining while ern CAD/CAE tools. This R&D saving foreign exchange. BEML port dependency while creating Centre has comprehensive range through its continuous focus has export opportunities. This will of facilities to promote new prod- indigenized metro car body, bo- not only facilitate indigenization uct design, including aggregate gie and other aggregates which of complex aggregates but will level design involving design of were being sourced from MNCs. also create employment opportu- Transmissions, Axles, Hydraulics, Further BEML has encouraged nities. For metro cars, setting up and Electronics. R&D facilities are major aggregate manufacturers of local manufacturing facilities one of the best in the country and to establish facilities in India as for aggregates like propulsion enable aggregate level and equip- part of “Make in India” taking system, bogies, cables and inte- ment level testing and evaluation the indigenization level in Metro rior panels will be taken up stra- through the extensive infrastruc- manufacturing to over 60%. In tegically; keeping in view market ture available in the laboratories Defence segment, indigenization realities. In other verticals too and test tracks. These facilities are level is 100% in pontoon bridge partners are being identified to being extensively used to drive system, air craft towing trac- set up manufacturing facilities in the indigenization efforts. tor, air craft weapon loader, 50T the ‘Make in India Parks’.

Kaleidoscope November, 2018 19 ARTICLE Improve Business Awareness of PSEs for Better Valuation Arun Kejriwal Founder, Kejriwal Research and Investment Services Pvt Ltd

shareholder expects that these companies pay up as much as possible and has laid down that they must pay 30% of profit after tax or 5% of net worth, which- ever is higher. Thirdly many of the companies under the PSU fold have been nationalised or taken over and hence enjoy market dominance. For example Coal mining and public sector banks and till recently insurance sector PSEs or Central Public but their journey to being before it was opened. Sector Enterprises have listed has begun. The status of Investors particularly retail inves- Cmany entities which are the company decides on the pow- tors were also given an added at- listed on the bourses and many ers that the board of that com- traction of a discount typically in more which are yet to list. Some of pany enjoys in respect of decision the region of around 5%. All this the prominent sectors from where making and borrowing limits for induced retail investors and they such entities are listed include Oil the business. liked subscribing to issues from and Gas, Mines and Minerals, The market perception of CPSE’s the government. I too am a fan of Steel Manufacturing, Shipping built over the years comprises of PSU stocks. and ship building, Aeronautics, several beliefs and perceptions. Of late, offerings from PSU sta- Defence establishments, insur- Prominent among these is one ble have not done too well at the ance companies, banks, engi- that most of these enterprises bourses. Some of the reasons for neering companies, Railways, were monopolies when started the same are not far to see as they Aviation, Electronics, consult- and as the economy opened, they come from sectors which do not ing companies and others. These had competition from the private have listed peers and are there- companies are divided into three sector. They, however, have a fore difficult to value and anal- categories. They are Maharatna huge first mover advantage and yse. Take for example the defence with 8 entities, Navratna with it may take a very long time for sector offerings where there is no 16 entities and Mini Ratna the rest to catch up. Secondly, other missile maker or aircraft with 75 entities. Many of these they are good dividend paymas- maker. Similarly in the case of entities are yet to be listed ters. The government being a the re-insurer, there is only one

20 KaleidOKaleidOscope Noveber, 2018 ARTICLE

player in the country. These com- were part of SUUTI, diversified panies need to create awareness There are some concerns the risk profile. Performance of about their business and how which investors have with the PSU index which was compa- they are valued internationally rable with the benchmark index to the community of investors. the CPSE’s particularly the earlier has done quite badly in Only better understanding of the way shares of one company the current year. In calendar year business and valuation metrics of 2016, the BSEPSU index gained are bought by another from newer businesses will help. 5.54% while BSE SENSEX gained the company. Secondly, the 1.95% and NIFTY gained 3.01%. There are some concerns which In calendar year 2017, PSU Index investors have with the CPSE’s other matter of concern is was up 19.27% while SENSEX particularly the way shares of one where autonomy given is gained 27.91% and NIFTY gained company are bought by another from the company. Secondly, the changed even though it 28.65%. In calendar year 2018 upto Diwali holidays, PSU index other matter of concern is where maybe a very small amount autonomy given is changed even was down 21.55% while SENSEX though it maybe a very small of just Rs 1 per litre of was up 3.47% and NIFTY was up 0.64%. A large part of this fall is amount of just Rs 1 per litre of petrol and diesel. Going petrol and diesel. Going back on due to the recently listed offerings the commitment of autonomy back on the commitment from the CPSE stable which are trading below their issue price. and bringing a control as was of autonomy and bringing done, saw prices of oil marketing There is appetite for PSU stocks, a control as was done, saw companies crash. The argument but investors would like the was today it’s a rupee, tomorrow prices of oil marketing valuations of newer businesses it can become Rs 10? companies crash. to be a little on the lower side The introduction of CPSE ETF whereby the risk associated was a great hit and was liked by with newer issues is mitigated. investors of all categories wheth- related companies whether it be One hopes that the principle of er they be big or small. The bas- upstream or downstream, but it the government which is to en- ket gave a choice to the investor all balanced out. The second of- courage investments is further and evened out the risk prevail- fering which was Bharat 22 was achieved with many more coming when buying just one stock. better balanced and with the ad- panies being listed and small in- There was a heavy tilt in the vent of stocks like the bank and vestors benefiting by investing in first basket towards oil and oil the engineering company which them in the long run.

Kaleidoscope November, 2018 21 ARTICLE India Jumps 23 Places in World Bank’s Ease of Doing Business Report

K R Sudhaman*

orld Bank’s report on business, Central and State gov- business processes. India has ease of doing business ernments will have to work to- made starting a business easier Wreleased recently as gether. "If we work in focussed by integrating multiple applica- improved India’s ranking 23 plac- manner in these areas, then com- tion forms into a general incorpo- es to 77th position. It is for the ing below the 50th rank target is ration form. India also replaced second year running India has not out of reach. Therefore, it can the value-added tax with the improved its ranking following be achieved. Ultimately, Ease of GST (Goods and Services Tax) for reforms particularly with regard Doing Business is to maximise which the registration process is to insolvency and taxation. the governance with minimum faster. India made paying taxes India was ranked 100th position government and procedure," the easier by replacing many indirect by the World Bank on ease of do- Finance Minister said adding taxes with a single indirect tax, ing business last year and the pre- the impact of this would be vis- the GST, for the entire country. vious year, it was 142 among 190 ible on investment environment India also made paying taxes less nations. The World Bank’s Doing in the long-term the government costly by reducing the corporate Business 2019 report said India has also reduced red-tape and income tax rate and the employ- improved its rank on six out of corruption, and its reforms have ees’ provident funds scheme rate the 10 parameters relating to ensured India jumps ranks from paid by the employer, the World starting business, which includ- 142 to 77. Bank said. ed construction permits, getting New Zealand tops the list of 190 Well-designed insolvency frame- electricity, getting credit, paying countries in ease of doing busi- work is a vital determinant of taxes, trade across borders, en- ness, followed by Singapore, debt recovery and establishment forcing and resolving insolvency. Denmark, and Hong Kong. The of debt recovery tribunals in India can now hope to be among United States is placed eight India reduced non-performing the top 50 countries in the ease and China has been ranked 46th. loans by 28 per cent and lowered of doing business, a target set by Neighbouring Pakistan is placed interest rates on larger loans, sug- the Prime Minister in 2014. Apart at 136. World Bank put India gesting that faster processing of from several improvements on among the top 10 economies to debt recovery cases cut the cost registration of property, start- make the most improvements. of credit. India reduced the time ing a business, legislation was China and India, demonstrated and cost of export and import already in place with regard to impressive reform agendas, the through various initiatives, in- enforcement of contract, taxa- World Bank said adding India cluding the implementation of tion and insolvency. On starting also focused on streamlining electronic sealing of containers,

* The writer is a senior journalist, has been Editor of Press Trust of India and Economics Editor in TickerNews and Financial Chronicle.

22 KaleidOscope Noveber, 2018 ARTICLE the upgrading of port infrastruc- in port equipment, strengthened ture and allowing electronic sub- management and improved mission of supporting documents electronic document flow, the with digital signatures. India has bank said. streamlined the process of obtain- Getting electricity, newly-ad- ing a building permit and made opted regulations from the it faster and less expensive to Delhi Electricity Regulatory obtain a construction permit and Commission require that elec- improved building quality con- trical connections be completed trol by introducing decennial li- within 15 days of the applica- ability and insurance. tion’s acceptance. To comply with It is not merely the Finance min- this regulation, Tata Power Delhi istry which is happy with the Distribution deployed more per- marked improvement in the sonnel as well as tracking tools ranking. The commerce and and key performance indicators edging towards its trend growth Industry ministry too is justifi- to monitor each commercial con- rate, Crisil said. ably elated, being the nodal agen- nection, it said. cy for exports and manufactur- Improving the twin deficits – fis- ing. Improvement in the ranking Though ease of doing business cal and current account – has been by 53 positions in two years and augurs well for the economy, rat- another laurel, but some of it got 65 positions in four years of the ing agency Crisil is of the view reversed last fiscal in the last few present Government’s rule, is a that many of the repairs and re- months in the face of surging oil rare feat for any large country of forms initiated by the NDA gov- prices. Yet, despite better global the size of India. ernment continue to be work competitiveness and ease of do- in progress and need relentless ing business rankings, and better The World bank ranks 190 coun- execution focus. It is good that macros and reforms, the business tries based on 10 parameters, the government has avoided sentiment needle hasn’t moved including starting a business, short-term push to growth using in a material way. Another as- construction permits, getting monetary and fiscal policies and pect that’s been worrying is the electricity, getting credit, pay- most of the steps taken in the past surge in non-performing assets in ing taxes, trade across borders, four years will bear fruit in the enforcing contracts, and resolv- banking. However, the transpar- medium to long term only. Key ing insolvency. The rank has im- ent and time-bound process driv- repairs and reforms relate to the proved by a whooping 129 notch- en by National Company Law power sector, the Insolvency & es with regards to ‘construction Tribunal (NCLT) offers hope. Bankruptcy Code, banking and permits’, 66 points in ‘trading Overall, it is a welcome develop- taxation. across borders’, 19 in ‘starting a ment that reforms were moving business’, and 7 points in ‘getting At a general level, macroeconomic forward and ease of doing busi- credit’. Under its National Trade parameters have shown improve- ness is improving but the prob- Facilitation Action Plan 2017- ment and lower volatility. India’s lem is that the situation on the 2020, India implemented several gross domestic product (GDP) ground has not improved com- initiatives that improved the ef- grew at an average 7.3% these mensurate with the improve- ficiency of cross-border trade, four years, the fastest in BRICS ment in ease of doing business reducing border and documen- (Brazil, Russia, India, China and ranking. The mindset of people tary compliance time for both South Africa), but slower than is yet to change and corruption at exports and imports. Enhanced the 7.6% in the preceding decade. lower levels is still predominant. risk-based management now al- The slowdown became more Clearances are stonewalled just to lows exporters to seal their con- pronounced in fiscal 2018 due to make some quick buck at lower tainers electronically at their own disruptions from demonetisation levels, especially in the construc- facilities; as little as five percent of and implementation of the Goods tion where numerous clearances shipments must undergo physical and Services Tax (GST). Now the are from municipalities and low- inspections. India also invested economy is bottoming out and er level officers.

Kaleidoscope November, 2018 23 cnyrh ifjHkk"kk;sa

MkW ;w- Mh- pkScs Mk;jsDVj tujy] Ldksi

g¡lukA g¡luk vkt dkA mUeqDr vV~gkl ugh] [kq'kgky vkReh;rk ugha] HkkbZpkjkA ek= dwVuhfrd eqLdku gS] HkkbZpkjk vkt dkA ifjyf{kr dHkh jgk gksxk] ikjLifjd lnHkko ugha] foHkh"k.k dks jko.k o/k ijA cgqtu fgrk; ugha] Lokar% lq[kk; gS] jksukA ifjyf{kr gksrs jgk gS] jksuk vkt dk] jktuSfrd xfy;kjksa esaA vHkkoxzLr vkrZukn ugha] dksbZ nq[kqn bfrgkl ugha] dk;Zikyd vkt dk] ek= ek/;e gS] fuLokFkZ deZ;ksx lk/kd ugha] ifjyf{kr dHkh jgk gksxk] dksbZ dq'ky ç'kkld ugha] eaFkjk dks jke cuokl ijA ek= vnkdkj gS] cSBrk gS vkjke dqlhZ ij] mijokys dk ryok] vkSj uhps okys dk lj pkV djA

24 KaleidOscope Noveber, 2018 SCOPE’s Advanced Leadership Program

Standing Conference of Public Enterprises (SCOPE) in collaboration with the University of Maryland School of Public Policy conducted the Advanced Leadership Program on Governance & Innovation for Chief Executives & Board Members of CPSEs from 29th nd October - 2 November, Mr. Ved Prakash Chairman, SCOPE & CMD, MMTC Ltd. addressing the 2018. The Advanced Leader- participants of Advanced Leadership Program. Also seen is Padma Bhushan ship programme focused Dr. M. B. Athreya, eminent Management Adviser. on developing global leadership in Chief Executives of Public Sector Enterprises under the mentorship of eminent academics and professional experts from the US. The program aimed at adopting the best systems prevailing in the world in order to achieve Vision 2022.

he 5-day program be- practices for adoption in PSEs. gan with a Workshop in Dr. U. D. Choubey, Director TSCOPE on 27th October General, SCOPE made a pre- 2018 which was addressed by Mr. sentation on Management Ved Prakash Chairman, SCOPE Philosophy in Indian Public & CMD, MMTC Ltd. and Padma Sector and initiatives in Bhushan Dr. M. B. Athreya, emi- Governance and Innovations nent Management Adviser. This in Public Sector Enterprises. interaction was precursor to vis- Ambassador Pradeep Kapur sub- it of the team of CMDs, Board Padma Bhushan Dr. M. B. Athreya sequently addressed the group. Members & Top executives to the during his talk in the workshop of This was followed by an interac- University of Maryland, USA for Advanced Leadership Program. tion with faculty and students of interaction on leadership, strate- Maryland University.The session gy and governance of Enterprises. SCOPE and Maryland University. on ‘Unlocking Innovation’ by Dr. On day one, the Welcome ad- He added that the idea behind Anil Gupta was widely appreci- dress at Maryland was delivered the program was to make the par- ated. The participants were also by Mr. William Powers Executive ticipants more effective Strategic taken for a campus tour by Dr. Dean, University of Maryland Leaders of Indian PSEs in a rap- Joseph Scholten. School of Public Policy. Mr. Ved idly changing global context. On day two, the first session on Prakash Chairman, SCOPE also He also encouraged the partici- ‘Changing Social Expectations’ addressed the session. In his ad- pants to actively participate in was conducted by Dr. Ann Florini dress he welcomed the partici- the program and carry back in- which was followed by a session pants to this Joint initiative of novative ideas and management on ‘Economics of Mutuality’ by

Kaleidoscope November, 2018 25 SCOPE News

In the end, it was observed that the program was quite useful in providing exposure to different stakeholders and multiple institutions of highest repute and relevance such as World Bank, IBM, Brooking Institution, along with the premises of Ronald Regan Building & International Trade Centre, all of which had been coordinated by the School of Public Policy of the University of Dr. JayJakub. This was followed Congressman Mickey Edwards Maryland with presentations on by session on ‘Current Issues in and Ambassador Pradeep Kapur. several challenging topics as di- International Economic Policy’ Day five began with Mr. Suresh verse as ‘Economics of Mutuality’ by Dr. Phillip Swagel. In the fol- Shenoi taking a session on ‘Need in comprehending the now lowing session Dr. Darrell of West for Change briefing on loss of evolved knowledge economy Brookings Institution addressed status, security, structure, social to the ‘Future of work through the participants on the topic ‘The disruption, group transforma- Robots, AI and Automation. Future of Work: Robots, Artificial tion with active participation of The program was attended by Intelligence and Automation.’ delegates. 23 top executives from sev- Day three of the program be- The five day study tour wrapped eral Public Sector Enterprises. gan with a session on ‘Business up with a Valedictory Session Mr. R. K. Vausdeva, Joint Director, Diplomacy in the Comparative and presentation of Certificates Programs (SCOPE) was the coor- Context of India and the United to the participants in presence dinator for the program and facil- States’ by Ambassador Pradeep of Ambassador Pradeep Kapur itated the visit of the participating Kapur. This was followed by site and Mr. Tom Kennedy, Director, delegates. visit to IBM and Exelon where Office of Executive Programs, participants were accompanied Maryland University. by Mr. Daniel Chenock. On the fourth day Dr. Elizabeth Duke took a session on ‘Managing across Sectors’ and Dr. Gerald Suarez addressed a session on ‘Leadership, Innovation and Strategy in the 21st Century.’ This was followed by session on ‘Investing In Cybersecurity: Insights from the Gordon – Loeb Model’ by Dr. Lawrence Gordon and ‘How Change Happens’ by Elaine Kamarck of Brookings Institution. This was followed by Visit to the Indian Embassy in the US, where the ambassador addressed the participants and had good interaction with him. On day four, participants visited the Office of US Trade representa- Ambassador Pradeep Kapur alongwith Mr. Ved Prakash Chairman, SCOPE tive, Capitol Hill and US Congress & CMD, MMTC Ltd. with the participants at University of Maryland School of in the esteemed company of Public Policy.

26 KaleidOscope Noveber, 2018 SCOPE News

Dr. U. D. Choubey, DG, SCOPE speaking at the India Decent Work Country Programme (2018-2022) organized by ILO.

SCOPE Organizes Health Talk on Breast Cancer

SCOPE in association with Dr. Reddy's Foundation for Health Education organized a Health Talk on Breast Cancer on 29th October, 2018 at SCOPE Convention Centre, New Delhi for the employees of Public Sector Enterprises (PSEs). Dr. Saphalta Baghmar, Oncologist, Narayana Superspciality Hospital, Gurugram addressed the participants and also answered their queries. Mr. P. K. Sinha from SCOPE proposed the Vote of Thanks. SCOPE has been organising such Health Talks for the benefit of PSEs' Employees.

Kaleidoscope November, 2018 27 SCOPE News

Conference Facilities at SCOPE Convention Centre

The centrally air-conditioned SCOPE Convention Centre at SCOPE Complex, Lodhi Road, New Delhi provides excellent conference facilities to PSEs, Govt. Departments, Autonomous Bodies, Institutions/NGOs etc. The Auditorium and other Conference Halls are equipped with projector and screen facilities, sound & light control room with recording & P.A. facility, etc. Details of the capacity of the Auditorium and other Halls, which are available on nominal tariff are given below.

Auditorium The chamber having capacity of 92 persons (86 Nos. Chairs + 6 Nos. Chairs on Dias) equipped with mikes on dias, tables & podium. Bhabha Chamber

The Auditorium having capacity of 310 persons (300 Chairs + 10 Nos. Chairs at stage) capacity equipped with mikes on dias and podium on stage. Mirza Ghalib Chamber

The chamber having capacity of 44 persons (24 Nos. Chairs on round table and 20 Nos. Chairs on sides) equipped with mikes on dias, tables & podium. Fazal Chamber

The chamber having capacity of 108 persons (102 Nos. Chairs + 6 Nos. Chairs on Dias) equipped with mikes on table, dias and podium. Tagore Chamber

The chamber having capacity of 25 persons (15 Nos. Chairs on round table and 10 Nos. Chairs on sides) capacity with board room type sitting arrangement equipped with mikes.

28 KaleidOscope Noveber, 2018 SCOPE News

Business Centre Annexe II

The Business Centre having capacity of 7 persons The Annexe-II having capacity of 25 Persons. equipped with multi point Video Conferencing System (1+3), at three locations at a time for National Tansen Chamber at UB & International both. Banquet Hall

The Tansen Chamber having capacity of 50 persons having stage and podium. The banquet hall having capacity of 500 Persons for the purpose of lunch & dinner. Sitting arrangement Amir Khusro Chamber at UB could be done for 90 persons. Annexe I

The Amir Khusro Chamber having capacity of 50 The Annexe-I having capacity of 25 Persons. persons having facility of stage and podium.

For Booking & Tariff details please contact Mr. M. L. Maurya, GM (Tech.) Mr. Nitin Kulshrastha, Asst. Manager, Engineering (Elect.) Mobile: 9313375238 Mobile: 9313989067 • Email: [email protected] STANDING CONFERENCE OF PUBLIC ENTERPRISES 1st Floor, Core No. 8, SCOPE Complex, Lodhi Road, New Delhi - 110003 Phone: 011-24311747, 011-24360101 • Fax: 011-24361371

Kaleidoscope November, 2018 29 SCOPE News

New and Improved Conference Facilities at SCOPE Minar Convention Centre

SCOPE Minar, an architecturally conceived in the form of two high rise curvilinear tower blocks sitting on a four storey circular Podium Block, is strategically located in Laxmi Nagar District Centre, Delhi -110092 and housing around 40 PSEs of repute. It is one of the known buildings of East Delhi. It has a very size Reception Foyer giving ambience look inside the building. There is a green environment all around the SCOPE Minar with large size planters all around. The building is also having state of art Convention Centre, comprising four halls i.e.

Convention Hall

A large sized Convention hall having sitting capacity of 300 delegates. Various seminars, training programmes, presentations, get togather etc. are conducted in Convention Hall. It provides am- bient and peaceful environment for the programmes.

VIP Lounge

VIP Lounge having sitting capacity of 40 delegates. The executives and higher level officers, Directors, CMDs can use it as waiting lounge also.

30 KaleidOscope Noveber, 2018 SCOPE News

Board Room SCOPE Academy of Public Sector Enterprises

Board room having “U” shaped table, with a sit- SCOPE Academy of Public Sector Enterprises ting capacity of 55 delegates with modern facilities (APSE) conducts induction level programmes for - projector, screen, table mic etc. PSEs executives. It has three training halls, one with capacity of 40 persons and two halls with capacity of 30 persons each for training purpose.

Meeting Hall

Meeting hall having “U” shaped table, with a sitting capacity of 60 delegates. Most widely used for small size meetings and training programmes, group discussion, power point presentations etc.

There is a wide space for vehicle parking that cater for a capacity of 550 cars, including the newly built good quality Banquet Hall wherein 300 delegates can comfortably dine at a time, makes it special to deliver an all- round conducive meeting environment .

For Booking & Tariff details please contact Mr. M. L. Maurya, GM (Tech.) (M) 9313375238 and Mr. Shubh Ratna, Dy. GM(Engg.), SCOPE Minar (M) 9873398242, (O) 011-22458176, 22458178 • Email: [email protected] • [email protected]

Kaleidoscope November, 2018 31 SCOPE News

Scope Forum of Conciliation and Arbitration (sfca)

SCOPE had set up an Arbitration Cell known as of Supreme Court, High Court, retired Secretaries, SCOPE Fourm of Conciliation and Arbitration Joint Secretaries of Govt. of India , Chief Executives, (SFCA) mainly to settle disputes between PSUs and Directors and senior officials of Govt. of India its associates. This was inaugurated on 9th January, and PSEs, besides Advocates and C.As and other 2004 by Mr. Santosh Gangwar, the then Hon’ble professionals. Minister of State for Heavy Industries, Public Enterprises and Parliamentary Affairs, which was The Forum has its own infrastructure with a spa- attended by the then Secretary, Ministry of Heavy cious Arbitration Hall having sitting capacity of 15 Industries and Public Enterprises, Joint Secretary, persons with all the modern facilities such as projec- DPE, CMDs and other senior officers of Govt. of tor for live projection of record of proceedings on a India and PSUs. large screen with free service of mineral water, tea/ coffee and biscuits. High tea and lunch can also be SFCA has framed its own rules prescribing consoli- arranged by the Forum on request in advance at the dated fee structure and expenses with the assurance cost of the parties by authorised caterer of SCOPE. that arbitration proceedings shall be completed in the shortest possible time and shall be more eco- PSUs are requested to advise the concerned of- nomical in comparison to other institutions. A ficials to avail facilities of the Forum and re- panel of expert Conciliators and Arbitrators has fer cases to SCOPE Forum of Conciliation and also been drawn which consists of retired Judges Arbitration(SFCA).

For further details please contact For booking and tariff details please contact Mr. M.L. Maurya, General Ms. Radhika Mr. S. K. Sharma Manager (Technical) Executive - Legal (SFCA) (M) 9891781484, 24365739 Mobile No.9313375238. (M) 8920574097, 24360559 e-Mail: [email protected] e-Mail: [email protected]

STANDING CONFERENCE OF PUBLIC ENTERPRISES 1st Floor, Core No. 8, SCOPE Complex, Lodhi Road, New Delhi - 110003 Phone: 011-24311747, 011-24360101 • Fax: 011-24361371

32 KaleidOscope Noveber, 2018 PSEs Observe Vigilance Awareness Week 2018

AAI observes Vigilance Schools including Kendriya Vidyalayas across the length and breadth of country, to impart moral edu- Awareness Week cation to school students.

Vigilance Awareness Week observed in BHEL Mr. Atul Sobti, CMD, BHEL, administered the Integrity Pledge to employees on the inaugural day of the Vigilance Awareness Week, in the presence of Mr. Alok Ranjan, IPS, Chief Vigilance Officer, BHEL, at the company's Corporate Office recently. The CMD stressed that every employee should remain- vigilant and work towards enhancing the reputa- Dr. Guruprasad Mohapatra, Chairman, AAI administering tion of the organisation through higher transparen- Integrity Pledge to AAI Employees in presence of cy. The messages of the Hon'ble President of India Board Members and Chief Vigilance Officer, AAI. and the Central Vigilance Commissioner, were also read out on the occasion. Other senior officers of the Airports Authority of India observed Vigilance company were also present on the occasion. Awareness Week 2018 from 29th October 2018 with theme "Eradicate Corruption - Build a New India"all across its airports and establishments. An event was organized on 29th October, 2018 at AAI Corporate Headquarters, Rajiv Gandhi Bhawan which was inaugurated by Dr. Guruprasad Mohapatra Chairman, AAI in the presence of Mr. R. S. Bhatti, Chief Vigilance Officer, AAI, Mr. S. Suresh, Member (Finance), Mr. A. K. Pathak, Member Planning and Mr. Vineet Gulati, Member (ANS). Integrity Pledge was administered by the Chairman to 500 officers and staff members on this occasion. “Vigilance starts at an individual level. If one decides to lead a life BHEL employees taking Integrity Pledge. of integrity and honesty, then no external pressure can impact the way of functioning of the individual. Aimed at spreading the message of this year’s Since every drop counts, if every individual for his/ Vigilance Awareness Week – ‘Eradicate Corruption her bit, the organisation’s goal of ‘saying no to cor- – Build a New India’, a motorcycle rally was organ- ruption’ would be met easily”, said, Dr. Gurprasad ised by Bharat Heavy Electricals Limited (BHEL). Mohapatra, Chairman, AAI in his opening address. The rally was flagged off by Mr. Atul Sobti, CMD, On this occasion, Mr. R. S. Bhatti, CVO, AAI BHEL, and Mr. Alok Ranjan, IPS, Chief Vigilance mentioned about the achievements of Vigilance Officer, BHEL. Other senior officers of the company Department in last one year including establishment were also present on the occasion. A total of 50 mo- of 21 New Integrity Clubs in various Government tocyclists participated in the rally that commenced

Kaleidoscope November, 2018 33 34 KaleidOscope Noveber, 2018 from the company’s Corporate Office at Siri Fort to its Township at Sector 17, Noida, covering a distance of approximately 20 kms. The motorcyclists along with pillion riders carried BHEL flags and several placards highlighting the message of the fight against corruption.

Vigilance Awareness Week in Cochin Port Trust Vigilance Awareness Week 2018 was inaugurated Oath taking by GRSE Management for Vigilance by Mr. A.V. Ramana, Deputy Chairman at a func- Awareness Week. tion held at Cochin Port Trust. Introductory address was made by Ms. S. Uma Venkatesan IRS, Seminars and Workshops were conducted towards Chief Vigilance Officer, Cochin Port Trust. Mr. A.V. creating awareness on the ill effects of corruption. Ramana, Dy. Chairman delivered the key-note ad- Slogan writing and Drawing Competition was or- dress and administered integrity pledge to the of- ganized among the employees too. ficers and employees. Vigilance Awareness Week- Inaugurated at HAL Mr. R. Madhavan, CMD, HAL inaugurated the Vigilance Awareness Week-2018 at HAL Corporate Office recently. He called upon employees tobe more transparent and ensure ethical practices in the Company. Speaking on the occasion, Mr. B. Selva Kumar, Chief Vigilance Officer highlighted the importance of ‘Preventive and Proactive Vigilance’. He also outlined the various programs planned dur- Vigilance Awareness Week at Cochin Port Trust. ing the Week. These include 5000 Integrity Pledges from 55 organizations, 19 colleges and 19 schools Essay writing, poster designing and elocution com- covering thousands of students, Gram Sabhas in petitions were conducted during the period (29th five villages to spread awareness about the various October, 2018 to 3rd November, 2018) for Cochin initiatives of the Central and State government au- Port staff and students of nearby schools and col- thorities. Programmes were also organized through leges on the theme ‘Eradicate Corruption – Build a Integrity clubs established in 14 HAL schools to new India’. A talk on the theme subject was deliv- impart ethical behaviour and morals among the ered by Mr. B. Kemal Pasha, former Judge of High students. Court of Kerala on 2nd November, 2018. Prizes for award winners were distributed by Dr. M. Beena IAS, Chairman, Cochin Port Trust in the valedictory function on 3rd November, 2018.

Vigilance Awareness Week at GRSE GRSE observed Vigilance Awareness Week from 29th October 2018 to 3rd November, 2018, in all its Units. The theme was “Eradicate Corruption-Build a New India ¼Hkz"Vkpkj feVkvks & u;k Hkkjr cukvks½“. Walkathon during Vigilance Awareness Week at HAL.

Kaleidoscope November, 2018 35 36 KaleidOscope Noveber, 2018 The Vigilance Awareness Week-2018 was observed Mr. L. N. Mishra, Director (Personnel) chaired the on the theme ‘Eradicate Corruption-Build a new meeting which was attended by Mr. O. P. Singh, India’ by the HAL from October 29th October, 2018 Director (Technical/ Projects & Planning) and Mr. to 3rd November, 2018. As a prelude to the weeklong Munawar Khursheed, Chief Vigilance Officer, who event, Mr. Selva Kumar flagged off the Vigithon welcomed the participants and gave a brief on activ- (Walkathon) at Kanteerava Stadium in Bengaluru ities being undertaken during Vigilance Awareness organized by the Vigilance Study Circle, Bangalore Week-2018 the company. Chapter. Officials of Bangalore based Central Defence PSUs such as HAL, BEL, BEML and PSBs such as Syndicate Bank, Corporation bank, Canara Bank and Note Mudra Pvt. Ltd. took part in the Vigithon to spread the awareness about ethics in society.

‘Vigilance Awareness Week’ being observed in IREDA

Vigilance Awareness Week at MCL.

Meanwhile, Mr. Mishra also administered the pledge of integrity to all the participants, who were lively in discussions on various topics of business operations. While the bidders gave their sugges- tions, they were also clarified by experts on various issues. Earlier, the Director (personnel) administered integrity pledge to all the officers and staff Integrity pledge being taken by the employees of IREDA. at company headquarters while the CVO administered integrity pledge to the faculty members and the students of Indian Institute of Management, On the occasion of 'Vigilance Awareness Week Sambalpur. 2018' CMD, IREDA Mr. K. S. Popli administered the Integrity Pledge to employees of the company on 29th October 2018. Director (Finance) Mr. S. K. NBCC observes Vigilance Bhargava, CVO Mr. Philp Bara were also present on this occasion. IREDA organized a series of ac- Awareness Week tivities to spread awareness on eradicating corrup- NBCC observed ‘Vigilance Awareness Week’ with tion amongst the employees and public during the full enthusiasm from October 29th October, 2018 Vigilance Awareness Week.

MCL organises bidders’ Meet; Administers pledge to employees, IIM students A bidders’ meet was recently organised at the headquarters Mahanadi Coalfields Limited (MCL) providing a platform to external stakeholders – materials and service providers – to discuss various issues of system improvements in various procedures for Vigilance Bulletin & Posters being released during the mutual benefit. Vigilance Awareness Week.

Kaleidoscope November, 2018 37 38 KaleidOscope Noveber, 2018 to 3rd November, 2018 on the theme “Eradicate be no opportunity for the corrupt to carry out their Corruption-Build a New India”. Among high- illegal deeds. So as a responsible citizen, each indi- lights of the week-long event organized by the vidual definitely can make a difference by breaking company, included release of Vigilance Bulletin the chain of corruption by showing integrity. titled ‘ikjnf'kZrk’ and thought-provoking Posters Mr. V. Thangapandian Director (Power), NLCIL brought out by Vigilance Department of NBCC to the president of the Function, the observance of spread awareness and provide valuable insights on the Vigilance Awareness Week every year to re- vigilant practices. Dr. Anoop Kumar Mittal, CMD, alert society to aware how to fight against evil NBCC along with Dr. Tejendra Mohan Bhasin, practices and make them to ensure their respon- Vigilance Commi-ssioner and accompanied by Mr. sibilities and duties for stronger society. Mr. T. Sanjiv Swarup CVO; Rajendra Chaudhari, Director Venkatasubramanian, IRSME, Chief Vigilance (Commercial) and other senior officers of NBCC re- Officer/NLCIL in his address explained various ac- leased the Bulletin and posters. Corporate Vigilance tivities carried out by NLCIL Vigilance Department Division has also organised many other impor- during Vigilance Awareness Week 2018. tant activities on the occasion in all NBCC offices To mark the occasion, a special Edition of Vigilance across the country, which included administering Department in house Journal “Lignite Eyes” was re- Vigilance and Integrity Pledge, Interactive Session leased by Mr. P. Sarvanan, Superintendent of Police. on vigilance, Motivational lecture sessions, Essay and Quiz competitions among others. Mr. R. Vikraman, Director (HR), NLCIL, presented the “Most Vigilant Employee” awards to employees of Vigilance Department and other Departments. NLCIL – Vigilance Awareness Also, e-annual report of NLCIL Department Week Celebrations of Vigilance released by Mr. N.N.M. Rao, Director (P&P). Also, Chief Guest and officials presented prizes to the winners of the state level Short Film competition organized by NLCIL Vigilance Department on the Vigilance Theme of the Year “Eradicate Corruption –Build a New India” and to the students who won the Essay and Elocution competitions organized for Neyveli Schools and Colleges.

NMDC observes Vigilance Awareness Week The Vigilance Awareness Week in NMDC conclud- Mr. P. Saravanan, IPS, Superintendent of Police, Cuddalore ed after conducting week long Vigilance Awareness releasing “Lignite Eyes” the special edition of the in house Journal of NLCIL Vigilance Department. Also Seen are, Mr. activities like: Elocution and quiz completion for R. Vikraman, Director (HR), Mr. V. Thangapandian Director employees and debate, poster making, elocution and (Power), NLCIL, Mr. N.N.M Rao, Director (P&P) and Mr. T. Venkatasubramanian, CVO/ NLCIL .

The Valedictory Function of the Vigilance Awareness Week Programme-2018 was held at L & DC Auditorium, Neyveli on 3rd November, 2018. Mr. P. Sarvanan, IPS Superindent of Police, Cuddalore, the Chief Guest in his speech stated that Greed, Social disparity, political affiliations, lack of integrity and awareness may lead to corrupt activities but with awareness and self-realization, if people refuse to allow corruption into their lives, there will Vigilance Awareness Week at NMDC.

Kaleidoscope November, 2018 39 40 KaleidOscope Noveber, 2018 panel discussion on moral values, ethics, good gov- The observance of Vigilance Awareness Week ernance, etc. organized for various schools and col- in NRL commenced with the Integrity Pledge leges of Hyderabad. The Vigilance Awareness Week taking ceremony on 29th October, 2018 at the programmes started with administration of Integrity Administrative Building of the Refinery. The Pledge by CMD to all employees on 29th October, pledge was taken in English, Hindi, and Assamese 2018. During the week, text messages through SMS by the employees in the presence of Chief General were sent to all the employees regarding vigilance Manager (Operation) Mr. Gopal Sarma, Chief awareness and to take Integrity Pledge online. General Manager (Maintenance) Mr. Hemanta Nath A link was provided on NMDC website for taking and other senior officials. Similarly, pledge was also online Integrity Pledge. The valedictory function taken by employees posted at other offices of NRL was chaired by Mr. N. Baijendra Kumar, IAS, located at Guwahati, Delhi, Siliguri and Kolkata. CMD and attended by Functional Directors, Senior Activities like display of banners, distribution of Officials of NMDC and school / college representa- pamphlets on vigilance activities, workshop on pol- tives and student participants. The Award winning icies / procedures of the organization, Slogan and posters were exhibited during the function to spread Essay writing competitions among NRL and CISF awareness. Mr. N. Baijendra Kumar in his address employees and their spouses on issues relating to has urged for the need of serious will for zero tol- vigilance were organized. Similar awareness pro- erance for corruption, effective loss and implemen- grammes consisting of Essay writing, Debate com- tation, public responsiveness towards corruption petition, Extempore Speech and Group Discussion free society and ended his message by a quote; competitions were organized in nearby Schools & “it is better to light a candle than curse the Colleges A vigilance awareness session was orga- darkness”. The programme concluded with nized at CISF unit, Numaligarh on 1st November prize distribution by the CMD and Functional 2018 in presence of Ms. P. Deka, DGM (Vigilance), Directors to the winners of various competitions or- Mr. B. B. Buragohain, DGM (Security), Mr. K. Saikia, ganized for the employees and various school and Manager (Vigilance) and the Deputy Commandant, college students. CISF, wherein importance of vigilance was briefed to the CISF personnel and prizes were distributed NRL observes Vigilance to the winners of various competitions. The main function of the Vigilance Awareness week Awareness Week was held on 2nd November 2018 in the refinery, “Vigilance Awareness Week, 2018” was observed which was presided by Managing Director of NRL at Numaligarh Refinery Limited in a befitting man- Mr. S. K. Barua and Chief General Manager (HR) I/c ner and with great enthusiasm from 29th October, Mr. D. Choudhury. 2018 to 3rd November, 2018 in line with directive from Central Vigilance Commission with the theme PSUs should be a Role ‘Eradicate Corruption – Build a New India’. Model – CVC "Public Sector Undertakings (PSUs) are primar- ily commercial organizations competing with

Mr. K.V. Chowdary, CVC, Mr. Gurdeep Singh, CMD, NTPC and Prizes for Vigilance Awareness Week competition given Mr. Rajit Punhani, CVO, NTPC during the inaugural function away by MD, NRL Mr. S. K. Barua of the Vigilance Awareness Week.

Kaleidoscope November, 2018 41 42 KaleidOscope Noveber, 2018 non-government organizations, nevertheless PSUs are expected to work as a model organization," said Mr. K.V. Chowdary, Central Vigilance Commissioner, while addressing NTPC employees on 29th October, 2018 at the SCOPE, Complex, New Delhi during his Inaugural Address of the Vigilance Awareness Week programme. He added that performance in numerical terms is not the only criteria for judging a PSU, the merit lies in upholding high standards of integrity while dealing with all its Stakeholders. He Mr. Vijay Goel, Director (Personnel), THDCIL releasing the praised the PSUs especially NTPC for their contri- book Do's and Don'ts & Systemic Improvements. bution to nation building. CVC also interacted with November, 2018. Mr. Goel also launched the book- the employees in an open house on the occasion and let viz. Do’s and Don’ts & Systemic Improvements answered their queries. Mr. Gurdeep Singh, CMD prepared by the Vigilance Department. On this oc- and Mr. Rajit Punhani, CVO, NTPC and Senior of- casion Mr. R. K. Vishnoi, ED (Design & VPHEP), ficials of CVC and NTPC were present on the occa- Mr. H. L. Bharaj, ED (S&E/ Services) were also pres- sion and addressed the gathering. ent along with the employees of the corporation.

PFC Observes Vigilance Vendor Development Cum Grieva- Awareness Week nce Redressal Meet on the occasion of Vigilance Awareness Week 2018

Mr. Rajeev Sharma, CMD, PFC administering the Integrity Pledge to all employees.

On the occasion of ‘Vigilance Awareness Week’, Mr. Rajeev Sharma, CMD, PFC administered State Vendor Development Program (SVDP) during Vigil- the Integrity Pledge to all the employees of the ance Awareness Week 2018 at GSL. Corporation and employees in one voice vowed to On the occasion of Vigilance Awareness Week 2018, fight corruption in all walks of life. CVO, Directors Goa shipyard Ltd organized a State vendor devel- of the Corporation were present on this occasion. opment program (SVDP) on 1st Nov 2018 at GORC, Vigilance Unit of PFC is organizing various activi- Chicalim. The Chief Guest for the function, Mr. A V ties on this occasion to raise awareness amongst the Raviprakash, Offg. CMD, GSL in his key note stated employees. that GSL has proactively initiated various measures for Ease of Doing Business (EoDB) for domestic Vigilance Awareness Week vendor, particularly MSMEs. General Manager (Fin) of GSL, Mr. Sunil Bagi; Mr . P P Kulkarni, at THDCIL Asst Director (MSME-Goa) also participated in the Mr. Vijay Goel, Director(Personnel), THDC India said event and briefed about various benefits avail- Limited, administered the integrity pledge to the able to MSEs. The program concluded with a ven- employees of the corporation at corporate office dor grievance redressal forum addressed by Mr. J. Rishikesh and formally inaugurated the Vigilance Jairam, AGM (Vig) which saw active participation Awareness Week w.e.f. from 29th October, 2018 to 3rd from large number of vendors.

Kaleidoscope November, 2018 43 44 KaleidOscope Noveber, 2018 PSEs Sign MoU

AAI and IIM- Indore enters into CSL signs MoU with an MoU for customized training Andaman & Nicobar programmes Administration for Ship Repair Operations at Port Blair With a view to spruce up the operational efficiency of the Marine Dockyard and to ensure faster turn- around of vessels for seamless operations, Cochin Shipyard Ltd (CSL) & the Andaman & Nicobar Administration have entered into an MoU whereby CSL shall take up the ‘Operation & Maintenance of the Marine Dry-Dock' at Port Blair. Under the ambit of this MoU, CSL shall assist the Administration in (a) Setting up of Ship repair Eco-system at A&N islands, (b) Augmentation & Modernization of Marine Dockyard and (c) Skill Development & Training schemes for A&N Islands Mr. Sanjay Jain, ED (HR), AAI and Colonel Gururaj Gopinath Pamidi (Retired), Chief Administrative Officer, IIM- Indore during the signing of MoU for customized training programs in the area of Management and Leadership Development for AAI Executives.

In order to augment the skill-set of its functional heads, senior and middle level executives, Airports Authority of India (AAI) has entered into a Memorandum of Understanding (MoU) for a period of 3 years with Indian Institute of Management, Indore (IIM-I) recently. As part of the MoU, customized training programs in the area of Management and Leadership Development will be offered by IIM-I to AAI executives. The MoU was Mr. Madhu Nair CMD CSL, Mr. Gopal Krishna, IAS, Secretary signed by Mr. Sanjay Jain, Executive Director (HR) to the Govt. of India, Ministry of Shipping Ms. Ankita Mishra on behalf of AAI and Colonel Gururaj Gopinath Bundela, IAS, Commissioner Cum Secretary, Shipping at Pamidi (Retired), Chief Administrative Officer, MoU Signing ceremony. IIM- Indore. The MoU was signed recently at New Delhi by Mr. Speaking on this occasion, Mr. Jain hailed this as an Madhu Nair, CMD, CSL and Ms. Ankita Mishra important step towards exposing AAI executives Bundela, IAS, Commissioner Cum Secretary to latest business management practices and tools, (Shipping), A&N Administration, in the presence which will invariably enhance their work perfor- of Mr. Gopal Krishna, IAS, Secretary to the Govt. mance, especially in the light of meteoric rise in air of India, Ministry of Shipping and Mr. Satinder traffic in India. Pal Singh, IPS, Joint Secretary to the Govt. of India, Apart from IIM-Indore, AAI has also signed Ministry of Shipping. CSL has also signed a MoU MoUs with IIM- Bangalore, IIM, Lucknow & MDI, with Andaman & Nicobar Administration in Dec Gurgaon in current financial year to provide a gam- 2016, for repair of large sea-going vessels owned by ut of training inputs to its employees. them and is already in effect.

Kaleidoscope November, 2018 45 46 KaleidOscope Noveber, 2018 HPCL signs MoU with STCBL CMD, IREDA Mr. K. S. Popli in the presence of Minister of State (I/C) Power and New & Renewable (Bhutan) Energy Mr. R. K. Singh and Secretary, MNRE Mr. Anand Kumar recently in MNRE, New Delhi. To achieve the goal of 175 GW of renewable energy by 2022 provides a huge opportunity for all stake holders including landers to be part of green growth of the country. Financing of around 100 bil- lion dollars would be required in next four years to meet the RE target. In this regard, REC and IREDA have come together to take advantage of huge opportunity provided by RE and to meet the financing requirement of the sector. While signing the MoU, Mr. Popli said, “by coming together REC and IREDA can address substantial Executive Director (Retail), HPCL, Mr. G.S.V. Prasad and financing requirement for the sector seamlessly, at a Managing Director, STCBL, Ms. Yeshey Selden with MoU Documents. time when need for financing large projects would grow exponentially in coming years.”

HPCL signed an MoU with the State Trading CMD, REC Dr. Ramesh said “This is a new mile- Corporation of Bhutan Limited (STCBL), Bhutan stone for us in our quest to promote sustainable for supply of motor fuels viz. MS, HSD, etc. to their development and focus on green energy solution. proposed retail business in Bhutan, along with This is a transformational opportunity for REC and providing our expert guidance on setting up their IREDA to work together forming a perfect synergy Retail Outlets and operating the same. The MoU between both the organisation”. was signed by Executive Director (Retail), HPCL, Mr. G.S.V. Prasad and Managing Director, STCBL, NCL to build Eco Park in Ms. Yeshey Selden. Varanasi IREDA signs MoU with REC Indian Renewable Energy Development Agency Ltd. (IREDA) and Rural Electrification Corporation Ltd. (REC) signed a Memorandum of Understanding (MoU) for working together to promote Renewable Energy development across the country. The MoU was signed by CMD, REC, Dr. P. V. Ramesh and

NCL's General Manager (CSR), Mr. Atmeshwar Pathak and Senior Divisional Engineer of North Eastern Railway, Mr. Ajay Varshney with the MoU document.

Within a week of signing MoU (Memorandum of Understanding) with District Administration of Varanasi for Solid Waste Management in 13 village panchayats of Varanasi, Northern Coalfields CMD, REC, Dr. P. V. Ramesh and CMD, IREDA Mr. K. S. Popli Limited (NCL) has taken another step further to- exchanging MoU documents. wards promoting cleanliness and sanitation. This

Kaleidoscope November, 2018 47 48 KaleidOscope Noveber, 2018 Miniratna company of Government of India has Memorandum of Agreement now signed an MoU with the Railways to make a large eco-park near Manduadih railway station in between NTPC and IRCTC for Varanasi. With an amount of approximately Rs 2 packaged drinking water crore given by NCL, the Railways will not only create eco-parks, but will also preserve a large reservoir at the park site. NCL's General Manager (CSR), Mr. Atmeshwar Pathak and Senior Divisional Engineer of North Eastern Railway Mr. Ajay Varshney, signed an MoU in Varanasi on Tuesday for these works which will be done by NCL under Corporate Social Responsibility (CSR). This eco-park made by NCL will not only help in the conservation of the environment but it will become a major spot for local people and tourists. Being ad- jacent to Maduaddih station, the passengers wait- MoA documents being exchanged in the presence of Mr. ing for trains will also be able to spend time here. Gurdeep Singh, CMD, NTPC and Mr. M. P. Mall, CMD, IRCTC. Eco-Parks and reservoirs which are being developed in the area of approximately 24,500 sqare metre area will have reservoir in the area of approximately A Memorandum of Agreement (MoA) was executed 6,500 square meters and the eco park in the remain- between NTPC Ltd. and IRCTC Ltd. for setting up ing portion. Roads in around 3,000 square meters manufacturing facility for packaged drinking wa- area will be built for the movement of tourists in ter (Rail Neer) by IRCTC at NTPC Simhadri, using this park area surrounded by boundary walls. NTPC’s patented Flash Desalination Technology The park will be ready in approximately 2 years. (FDT) upto one lakh litres per day. The agreement Its total cost, which is approximately Rs 2 crores, was signed in the presence of Mr. Gurdeep Singh, wilol be made available to Railways by NCL within CMD, NTPC and Mr. M. P. Mall, CMD, IRCTC and two weeks of signing of MoU. After the comple- other dignitaries. tion of the work, the Railways will give the Fund Possibility of extending the agreement to other proj- Utilization Certificate to NCL. ects of NTPC is also being explored.

Personalia

Mr. Gurdeep Singh Dr. M. Beena, IAS Mr. Indranil Mittra Mr. Vineet Gulati CMD NTPC is given Additional assumes charge as Chairman is appointed as Director takes over as Member (ANS) Charge as Chairman, DVC. Cochin Port Trust. (Finance), NRL. at Airports Authority of India.

Kaleidoscope November, 2018 49 50 KaleidOscope Noveber, 2018 PSEs Take Lead in CSR Activities GRSE observes 'Swachhta order in the city. They are also engaged in maintaining peace & harmony during major events/ Hi Seva' programs throughout the year. From this relentless and continued engagement, stems a need for recre- ational facilities for the Police personnel and their families where they can unwind and nurture other interests like reading. Keeping this in view, as part of HPCL’s CSR initiative, HPCL provided Portable libraries at Chembur & Nehru Nagar colonies. The Porta cabins have inbuilt furniture & fixtures which includes revolving chairs, book shelves etc.

Swachhta Abhiyan at GRSE.

As a part of the celebration of the 4th anniversary of “Swachh Bharat Mission”, “Swachhta Hi Seva”was observed at GRSE from 15th September to 2nd October, 2018. Several events/ activities were organized to create wide spread awareness about cleanliness. GRSE supports 03 classes of Indian Institute of Mr. Datta Padsalgikar, Police Commissioner, Mumbai Cerebral Palsy (IICP) comprising of 40 children inaugurating the portable libraries in the presence of who have severe multiple impairments. The chil- senior officials of Mumbai Police and HPCL. dren were encouraged to make wall paintings on the theme of “Swachhta Hi Seva”and they were The two libraries were inaugurated by Mumbai awarded with trophies by Rear Admiral V.K. Police Commissioner, Mr. Datta Padsalgikar Saxena, CMD, GRSE Ltd., Mr. A.K. Nanda, Director in the presence of senior officials of Mumbai Police (Personnel), GRSE Ltd. A ceremonial cheque of and HPCL. Rs.24 Lakh was handed over as a CSR initiative of GRSE. 'Swachhta Jagrukta Rally' was organized in the nearby areas of Rabindranagar, Akra and Hindustan Shipyard Ltd Santoshpur. About 350 girl students of Rabindra inaugurates largest rooftop BalikaVidyapith participated in the rally which was flagged off by Mr. A. K. Nanda. solar plant in Andhra Pradesh 'Shramdann' was undertaken by Rear Admiral V.K. at Single Location Saxena along with Mr. S.S. Dogra, Director (Finance), Achieving 100 GW solar power is part of India’s Mr. A.K. Nanda and other employees of GRSE by commitment before the United Nations Framework cleaning “Bichali Ghat”area in the neighbourhood Convention on Climate Change (UNFCCC). of GRSE along the banks of river Hooghly. Accordingly, the Government has set a target for installation of 40 GW power grid connected solar Inauguration of 2 Portable rooftop systems in the country by 2022. To fulfil the commitment of Government of India, Hindustan Libraries at Police Colonies Shipyard Ltd has taken a step by installing 2 MWp The Police Force in a mega city like Mumbai is en- rooftop solar plant.The solar power plant wasin- trusted with the huge task of maintaining law & augurated by Mr. Pravin Kumar, IAS, Collector &

Kaleidoscope November, 2018 51 52 KaleidOscope Noveber, 2018 Swachh Bharat campaign HSL organized several cleanliness drives during the year to sensitise the employees, residents of the township and nearby area. Swachh Bharat activities were organised twice during the year i.e. from 24th August 2018 to 7th September, 2018 and 15th September 2018 to 2nd October 2018. Various activities were conducted to spread the message for a clean & green life under Swachhata Pakhwada and Swachhta Hi Sewa programme.

Senior officials of Hindustan Shipyard Limited during the inauguration of Solar Power Plant.

District Magistrate, Mr. Mahesh Chandra Laddha, IPS, Commissioner of Police, Mr. M Hari Narayanan, IAS, Commissioner, GVMC in the presence of Mr. S K Mishra, Director, SECI, Mr. Umakant Shende, COO, Clean Max Solar and Media personnel. RAdm LV SaratBabu, IN, (Retd), C&MD, HSL presided over the function. The entire project including design, supply, erection, testing, commissioning Swachh Bharat Activities at Hindustan Shipyard Ltd. including warranty, operation & maintenance is be- Employees of the Hindustan Shipyard Ltd assem- ing undertaken by M/s Clean Max without any op- bled at the ‘Gandhi Circle’ inside the yard and paid eration and capital expenditure from the yard side. their tributes to the Mahatma. RAdm LV SaratBabu, HSL is required to buy the generated power from IN, (Retd), C&MD emphasised on Gandhian ideas M/s Clean Max at a cost of Rs 3.939/kWh as against and principles while appreciating the employees Rs 5.60/kWh grid power of APEPDCL. The solar for their contributions towards the success of the plant, now the largest rooftop solar plant in Andhra ‘Swachhata hi seva’ - 2018 campaign. Pradesh, will help the shipyard to save Rs 48 lakh per annum in energy costs, while also reducing its environmental footprint. This rooftop solar plant NALCO’s support for will meet about 35% of Shipyard’s total power consumption, with 28 lakh units of clean solar energy rehabilitation of Divyangas: being generated annually by the plant. Hindustan India’s first 7-Axis Robotics Shipyard Ltd, built in 1941 as India’s first Greenfield defense shipyard, is an early adopter of rooftop so- machine with in-built CAD/CAM lar, moving towards a sustainable future. Software installed at SVNIRTAR, Seven buildings in the Hindustan Shipyard Limited premises have been equipped with solar panels, Olatpur including the iconic blue sheds where naval ships 'With the upsurge of technological innovations and & submarines are built and repaired. Overall the various skill development programmes, there is panels will result in the abatement of 2300 tons of host of opportunities for the Divyangjans to enhance C02 per annum, for the next 25 years. This abate- their skills and nurture their talents, thereby becom- ment is equivalent to planting 58,000 full grown ing more competent and self-sufficient in life. Dr. trees. While there is no investment on the part Tapan Kumar Chand, CMD, NALCO inaugurated of HSL, as per the agreement arrived at with the CAD/Cam Laboratory and laying of the founda- Clean Max, the yard has to buy power from it tion stone for Vocational Training Centre at Swami for 25 years. The project was executedunder the Vivekanand National Institute of Rehabilitation Solar Energy Corporation of India (SECI) Rooftop Training & Research (SVNIRTAR) at Olatpur re- Solar Scheme. cently. The 7-Axis Robotics machine with in-built

Kaleidoscope November, 2018 53 54 KaleidOscope Noveber, 2018 Cuddlore, Mr. R.Vikraman, Director (HR), NLCIL at Town Hall in Cuddalore town recently. The facilities at Town Hall, Cuddalore provided by NLCIL at a cost of Rs. 69.00 lakhs under its Corporate Social Responsibility (CSR) intitiatives.

Dr. Tapan Kumar Chand, CMD, NALCO inaugurating the CAD/Cam Laboratory.

CAD/CAM Software for manufacturing of sockets at SVNIRTAR is first of its kind in the Country and has been installed by NALCO Foundation, the CSR Mr. Rakesh kumar,CMD, NLCIL inaugurating various facilities arm of the company. This Rs.2.73 cr. project would at Cuddalore Town. enable SVNIRTAR in producing the orthoses and prosthetic sockets in a more efficient manner within Also, Mr. Rakesh Kumar, inaugurated Advanced less time, avoiding any adverse result on the nerve Skill development Centre and other facilities system of the users. like Tailoring Shed, renovated Mr. Subramaniya Bharathiyar Museum and Agro Forestry facilities Ms. Shakuntala D. Gamlin, IAS, Secretary, at Central Prison ,Cuddlaore provided at a cost of Department of Empowerment of Persons with Rs. 65.35 Lakhs under Corporate Social Respon- Disabilities (Divyangjan), Ministry of Social Justice sibility (CSR) programme of NLCIL in the pres- & Empowerment, Govt. of India was present on ence of Mr. V.Anbuselvan, IAS, Distrct Collector, the occasion and described NALCO’s people wel- Cuddlore, Mr. A. Murugesan, DIG (Prisons) Vellore fare programmes and CSR initiatives par excel- Range and senior officials of NLCIL. lent. Among others, Ms. Dolly Chakrabarty, Joint Secretary, Department of Empowerment of Persons with Disabilities (Divyangjan), Ministry of Social NRL dedicates Park and Justice & Empowerment, Govt. of India, Dr. S.P. Das, Director, SVNIRTAR, Er. Ramesh Chandra Ride facilities at Kaziranga Mishra, Superintendent Engineer (BCC), CPWD, National Park Bhubaneswar, Mr. A.N. Nanda, Nodal Officer, CSR, ‘Park and Ride’ - a tourist car parking facility with SVNIRTAR and Mr. Rasmi Ranjan Sethy, Officiating a park and provision for clean drinking water Deputy Director (P&A), SVNIRTAR also spoke on has been developed by NRL in Bogori Range of the occasion. Kaziranga National Park(KNP) near the Elephant riding point as part of its CSR activities. The facil- CMD, NLC India Ltd. ity was inaugurated on 2nd October, the 149th birth anniversary of Mahatma Gandhi and the conclud- inaugurates Rs 1.34 Cr. facilities ing day of Swachhta Hi Seva (SHS) campaign spear- at Cuddalore Town under NLCIL headed by the Central Govt. from 15th September 2018 to 2nd October 2018. NRL, MD, Mr. S. K. Barua CSR initiatives did the honours in presence of a gathering of 250 Mr. Rakesh kumar, CMD, NLC India Limited, inau- people including Director (Technical), NRL, Mr. B. gurated newly constructed Dining Hall, Kitchen and J. Phukan; Divisional Forest Officer, Eastern Assam Washing room and additional facilities in the pres- Wild Life Division, Mr. Rohini Ballave Saikia; senior ence of Mr. V. Anbuselvan, IAS, Distrct Collector, officials of NRL and Forest Department; prominent

Kaleidoscope November, 2018 55 56 KaleidOscope Noveber, 2018 The Burn Centre will be a state of art entity caters to patients of Bihar and its adjoining states. The NTPC shall provide the fund for construction of two floor building having 50 bedded ward, 12 intensive care units for critical patients, two operation theatres, skin bank and hydrotherapy unit with all required equipments. The Dept. of Burn & Plastic Surgery, AIIMS, Patna shall provide technical and clinical expertise for day to day running and treatment of burn patients.

MD, NRL, Mr. S. K. Barua inaugurating the Park and Ride facilities developed by NRL at Bagori, Kaziranga. SAIL celebrates Swachhta Hi members of the civil society, representatives of Jeep Sewa 2018 Safari Association, KNP; Wild Life Trust of India etc. MD NRL Mr. S. K Barua, in his address expressed NRL’s willingness to take up more such develop- mental works in the future. DFO, Eastern Assam Wild Life Division Mr. Rohini Ballave Saikia in his speech thanked NRL for the gesture which he said was another positive development towards making Kaziranga National Park - the pride of Assam and famous as the abode of the highest number of one horned; more tourist friendly.

NTPC signs MoU with AIIMS, Chairman, SAIL Mr. Anil Kumar Chaudhary administering Patna for Setting up a Special the Swachhta Pledge. Burn Centre NTPC has signed a Memorandum of Understanding Steel Authority of India Ltd. (SAIL) celebrated (MoU) with All India Institute of Medical Sciences “Swachhta Hi Sewa 2018” fortnight across its Plants (AIIMS), Patna for setting up a Special Burn Centre and offices including the Company Headquarters at Patna recently under its CSR initiatives. Mr. M in New Delhi led by Chairman Mr. Anil Kumar S D Bhattamishra, Executive Director (CSR, R&R Chaudhary. During conclusion of the fortnight to- & SD), NTPC and Dr P. K. Singh, Director, AIIMS, day, Chairman, SAIL Mr. Anil Kumar Chaudhary Patna singed the MoU on behalf of NTPC & AIIMS administered ‘Swachhta pledge’ to SAIL collective respectively. in presence of all directors, exhorting employees to participate voluntarily and actively in the promotion of cleanliness. This was followed by a mass cleaning exercise, in which all the directors and employees participated. Similar cleaning exercises were undertaken across SAIL during this fortnight. Ever since this initiative was launched, SAIL is committed to playing an important role in this national endeavour that has inculcated a lasting and permanent behavioural change in society towards the principle of cleanliness. SAIL for the last few years has been actively implementing this initiative Mr. M S D Bhattamishra, ED (CSR, R&R & SD), NTPC and Dr. P. in its Plants, Units and surrounding areas. In line K. Singh, Director, AIIMS exchanging the MoU documents. with Hon’ble Prime Minister’s vision, as a part of

Kaleidoscope November, 2018 57 58 KaleidOscope Noveber, 2018 Swachhta Hi Sewa 2018, various programmes were Swachhta Hi Seva Abhiyan organized across SAIL Plant, Units and Corporate Office including awareness campaigns and digital observed on Gandhi Jayanti campaigns for students as well as inhabitants of its by GSL periphery villages, quiz and painting competitions amongst school students and staff. Other initiatives such as cleaning of streets, alleys, waste collection drives, door to door meetings to drive behavioural change with respect to sanitation, awareness about sanitation practices like hand washing, health and hygiene etc. were also observed across SAIL.

WAPCOS participates in 'Swachhta Hi Sewa' Campaign at Chatt Ghat, River Yamuna RAdm Shekhar Mital, NM (Retd.), CMD, GSL during Swachhta Abhiyan. A cleanliness drive under “Swachhta Hi Seva” Abhiyan was organised by Goa Shipyard Ltd on 02.10.2018 on the occasion of "Mahatma Gandhi’s 150th Birth Anniversary ". RAdm Shekhar Mital, NM (Retd.), CMD, GSL, Mr. Sudhakar T N, Director (Finance), Mr. S J Kamat Director (Operations) along with other Officers, CISF Personnel & employees took part in the cleaning campaign from Goa Shipyard Ltd to Mormugao Municipal Council. The campaign started from both the ends of the roads in early morning. “Swachhata Hi Seva” Campaign started with “Swachhata Shapath” administered Mr. U.P. Singh, Secretary, Ministry of Water Resources, by RAdm Mital to all the GSL Employees. The River Development and Ganga Rejuvenation (MoWR, RD Campaign was executed by 3 different teams in & GR), Government of India, led the “Swachhta Hi Sewa” various part of Town. All Executives took part with Campaign at Chhat Ghat, River Yamuna. Ms. T Rajeshwari, Addl. Secretary; Mr. Nitishwar Kumar, Joint Secretary great enthusiasm and spirit. RAdm. Mital empha- (Admin) and Mr. Akhil Kumar, Joint Secretary (IC&GW) sized on the need of cleanliness by each and every MoWR, RD & GR and Mr. R. K. Gupta, CMD, WAPCOS actively citizen. CMD complemented all officer and person- participated in the cleanliness drive. nel of GSL for participating in all programmes concerning with welfare of the society whole heartedly. Mr. U.P. Singh, Secretary, Ministry of Water Over the past many days GSL has taken number of Resources, River Development and Ganga steps to stay committed to its vision of making Goa a Rejuvenation (MoWR, RD & GR), Government of clean and a model state in terms of cleanliness. GSL India, led the “Swachhta Hi Sewa” Campaign at has come forward with donation of garbage dispos- Chhat Ghat, River Yamuna recently. This Campaign al vans to Mormugao Municipal Council, adoption was carried out jointly by MoWR, RD & GR and of Wards for cleaning, besides the participation of WAPCOS. Ms. T Rajeshwari, Addl. Secretary;Mr. GSL’s employees in undertaking cleanliness drives Nitishwar Kumar, Joint Secretary (Admin) and Mr. in and around the city of Vasco regularly. The yard Akhil Kumar, Joint Secretary (IC&GW), MoWR, RD has also drawn a yearly schedule of activities for & GR and Mr. R. K. Gupta, CMD WAPCOS active- undertaking numerous cleanliness drives in public ly participated in the cleanliness drive. WAPCOS places including beaches, temples, churches, ports, has been conducting regular cleaning drives at the jetties, roads, parks, etc. and is committed to work Chhat Ghat. towards a cleaner and greener Vasco / Goa.

Kaleidoscope November, 2018 59 60 KaleidOscope Noveber, 2018 HPCL registers Outstanding Performance during FY 2017-18

PCL has registered outstanding physical and Hfinancial performance during the financial year 2017- 18 and achieved the highest ever profit of Rs. 6,357 cr. on standalone basis, as against profit of Rs. 6209 cr. during financial year 2016-17. Gross Sales during the financial year has increased to Rs. 2,43,227 cr. as against Rs. 2,13,489 cr. during the previous financial year. Despite lower inventory gains in the current financial year 2017-18, the growth in profit is HP Fuel Connect- Diesel Dispenser being launched. mainly due to increased refining throughput, higher domestic refineries at Mumbai and Visakh 18.28 MMT with capacity utili- market sales, better operating ef- have maximized crude process- zation of 116 percent, compared ficiencies & improved cracks. ing and recorded the highest ever to throughput of 17.81 million During FY 2017-18, HPCL combined refining throughput of tonnes achieved during 2016-17. The refineries recorded combined distillate yield of 75.9 percent with highest ever production of MS, HSD, LOBS. Excellent HPCL launches fuel physical performance enabled HPCL achieve Combined Gross dispenser in Mumbai for Refining Margin of USD 7.40 per barrel during 2017-18 as com- speedy delivery of diesel pared to USD 6.20 per barrel during 2016-17. During financial year 2017-18, n a bid for speedy delivery of diesel, HPCL recently launched HPCL achieved the highest ever a state-of-the-art diesel dispenser HP Fuel Connect for home sales volume of 36.87 million Idelivery of diesel fuel in Mumbai. HP Fuel Connect will tonnes, including exports of 0.68 deliver Diesel to select customers having fixed equipment and million tonnes, with a growth heavy machinery in their premises in surrounding areas of Uran of 4.7 percent over historical. and Raigad in Maharashtra. The new initiative will help avoid During 2017-18, HPCL continued time loss, additional costs and fuel costs to the customers, while to be India’s largest lube market- ensure hassle free and safe delivery of diesel at the premises er for the fifth consecutive year HP Fuel Connect is equipped with safety measures like pre- in highly competitive lubri- check valve, bottom loading jet sensor and high and low sensors cant business with a total mar- and nozzle boot to ensure safe operations all the time. ket share of 44.5 percent in the PSU category.

Kaleidoscope November, 2018 61 62 KaleidOscope Noveber, 2018 Hindustan Copper Limited 51st Annual General Meeting held

r. Santosh Sharma, plan of HCL. In the context of also informed that Government CMD, HCL addressed the huge gap between supply of India has notified HCL with a the shareholders at the and demand of copper mineral in status of an exploration agency Mst 51 Annual General Meeting of the country and the current mine under sub section(1) of section 4 Hindustan Copper Ltd. held at expansion plan of the Company, of MMDR Act 1957. Mr. Sharma Biswa Bangla Convention Centre, it was informed that HCL’s min- discussed the efforts taken to New Town, Kolkata recently. He ing capacity has been increased identify new business verticals to stated, despite difficult market from 12.4 to 20 million tonne per insulate the Company from the situations that HCL braved dur- year, which indicates that HCL’s vagaries of LME copper price. ing the fiscal year 2017-18, the mining capacity is scheduled HCL initiated a project on “Waste Company posted better results to increase by approximately 6 to Wealth”. CMD stated that a as compared to last year. Mr. times from its present production compatible technology has been Santosh Sharma, CMD, in his capacity in next six years with a developed to extract minerals and maiden address to the sharehold- total capital outlay of the above materials from copper ore tails ers of the Company informed that expansion projects at Rs. 5,500 cr. (CoT), a waste generated dur- EBITDA of the company during The Company’s flagship project, ing copper ore beneficiation. Mr. the FY 2017-18 was Rs. 307.98 cr. Malanjkhand underground mine Sharma informed that HCL has which is 25.5 percent higher com- of annual capacity 50 lakh tonne formed a Joint Venture Company pared to the previous year, which is in good progress. Fifty percent- with Chhattisgarh Mineral De- was at Rs. 245.46 cr. Profit Before age of the physical progress has velopment Corporation Ltd Tax reflected 29 percent increase been completed. Plans have been (CMDC), a PSU of Chhattisgarh in the fiscal year 2017-18 at Rs. firmed up to commence ore pro- Government. The JV company 121.69 cr. against Rs. 94.20 cr. in duction from the underground namely, Chhattisgarh Copper 2016-17. The annual accounts of mine in the coming fiscal year. Limited has been incorporated on the year 2017-18 were adopted Likewise, tender has been issued 21.5.2018 for undertaking explo- by the shareholders. Keeping in for construction and operations ration, mining and beneficiation view the Capex and business ex- of Chapri- Sidheswar mine, a new of copper and its associated min- pansion needs, dividend at the mine at Ghatsila of capacity 1.5 erals in the State of Chhattisgarh rate 5 percent on equity was de- million tonne per year. In the AGM shareholder have clared for the year 2017-18. Mr. Sharma stated that explora- given its approval to issue fresh CMD also informed that dur- tion is key thrust area to identify 13,87,82,700 equity shares to ing fiscal year 2017-18, Kendadih new mineral prospects and op- the extent of 15 percent of paid mines at Jharkhand was reopened portunities for growth. CMD in- up equity capital of face value in December, 2017 and Banwas formed that Rs 200 cr. has been of Rs. 5/- each by HCL through mine, a new mine at Khetri Copper earmarked to undertake depth the Qualified Institutions Place- Complex, Rajasthan was com- exploration across all the mining ment (QIP) as per SEBI and other missioned in June, 2017. During lease area of HCL with 1.30 lakh applicable guidelines. Share- the current year, the Company meters of drilling activities with holders approved the resolution expects significant progress in state of the Art technology in the to increase borrowing limit of mine development activity with next three years. During the year the Company upto Rs. 1,500 cr. MDO for Banwas mine at Khetri, 2017-18, around 4,646 meters of apart from temporary loans and already appointed. CMD, while exploration drilling was com- to offer, issue and allot secured addressing the shareholders, pleted in 2018-19, around 28,000 or unsecured non-convertible also elaborated on the detailed meters of exploration drilling ac- debentures or bonds on private growth strategy and expansion tivities has been planned. CMD placement basis.

Kaleidoscope November, 2018 63 64 KaleidOscope Noveber, 2018 GRSE delivers 6th Warship to Indian Navy in 16 Months

(04 Survey Vessels(Large) & 08 ASWSWCs) for the Indian Navy.

GRSE is executing order for 8 Landing Craft Utility Ships for the Indian Navy and the ship delivered recently is the 5th in the series. The balance 3 ships are in advanced stages of construction and is expected to be delivered to the Indian Navy, over the next one year.

The Ship was handed over by Rear Admiral V. K. Saxena, Rear Admiral V. K. Saxena, IN (Retd) CMD GRSE handing over the ship to the IN (Retd), CMD, GRSE to the Commanding Officer of the Ship Lt. Cdr. Abhishek Kumar. Commanding Officer of the Ship Lt. Cdr. Abhishek Kumar at the Ceremony held in GRSE re- - 55 a Mark IV LCU 03 LCUs, 05 FPVs) in advanced cently. Brigadier SY Deshmukh, Vessel, built by Garden stages of construction, expected Chief Staff Officer (Technical) of LReach Shipbuilders and to be delivered to Indian Navy Andaman and Nicobar Command Engineers Limited (GRSE), by the end of 2019. 03 ships of carried out Final Inspection of the Kolkata, was formally “Handed Project P17A Advanced Stealth Ship prior to acceptance by the Over” to the Indian Navy Frigates with an order value of Navy. Mr. Sarvjit Singh Dogra, recently at GRSE, Kolkata. Rs. 1,92,934.60 million are be- Director (Finance), and Cmde. The 6th warship delivered by ing constructed using Modular Sanjeev Nayyar, IN (Retd), GRSE to the Indian Navy in last Construction Technology and us- Director (Shipbuilding) and oth- 16 months. ing 3D Modelling Concepts & later Senior Officials of the Indian est softwares like Aveva Marine, Navy and GRSE were present at GRSE currently has a very NAPA etc. The progress on the the Occasion. With the Handing strong order book providing the 1st ship is moving at a rapid pace Over of IN LCU L-55, GRSE has Shipyard a deep pool of revenue- & production is running ahead once again demonstrated its’ generating projects. With a Rs. of schedule & production of 2nd Commitment to Strengthen the 203136.10 million order book, the Frigate, is slated to commence Maritime Security of the Nation, firm is on stable ground. 12 ships shortly. GRSE has been declared thereby meeting the Aspirations currently under construction successful bidders in competi- that the Country has Reposed on with 09 ships (01 ASW Corvette, tive bidding for another 12 ships this Mini Ratna Shipyard.

Kaleidoscope November, 2018 65 NMDC’s International Conference on Minerals and Metals – Outlook 2030 concluded successfully

he valedictory session of the two-day International Tseminar on “Minerals and Metals – Outlook 2030” organized by NMDC and supported by Ministry of Steel, Ministry of Mines and Ministry of External Affairs, DIPP, Government of India, concluded recently at Delhi. The two-day seminar saw Mr. Haribhai Parthibhai Chaudhary, MoS, Coal & Mines during the NMDC's participation from about 600 par- International Conference on Minerals and Metals. ticipants from 16 countries, presentations from over 30 interna- of steel & iron production very (Commercial), NMDC, gave the tional speakers, CEO sessions and soon." He also stressed that with- details of the different aspects the panel discussions on the theme out the contribution of all, the po- industry can take to enhance and of the seminar. Chief Guest Mr. tential of the Minerals and Metals encourage the use of technology Haribhai Parthibhai Chaudhary, industry cannot be achieved. He in Mining. He also appreciated Minister of State for Coal & Mines, congratulated NMDC for the glo- the experts from different coun- Govt of India in his address said, rious journey of excellence in the tries who presented their views, “We wish India to achieve the last 60 years and achieving five on how the industry has to gear target of 300 million tonnes pro- star rating by IBM for all of its up to be relevant and impactful till duction capacity of steel by 2030 major mines. He said, "NMDC the year 2030. He also said these and Ministry of Mines will extend is a role model for other mining two days of knowledge sharing support for the same." The inter- companies.” Mr. Naveen Jindal, on metals and minerals will forge national conference was applaud- Chairman, Jindal Steel & Power new partnerships between Indian ed by one and all and appreciated Ltd commented "India will be the and international companies the efforts of NMDC and - espe second largest producer of steel in and help create new pathways cially of Mr. N. Baijendra Kumar, next couple of months." He also of collaboration. Dr. Narendra IAS, CMD, NMDC for coming emphasized the importance of K Nanda, Director (Technical), NMDC for India to achieve 300 up with this initiative to bring in NMDC Ltd & Convenor of the MT production capacity. world experts from minerals & conference in his address stressed metals industry to one platform. Ms Alarmel Mangai, Managing upon contribution of Minerals and Ms. Rasika Choube, Additional Director, CMDC, Chhattisgarh in Metals industries. He also empha- Secretary, Ministry of Steel, out- her address recognized the piv- sized upon eco-friendly mining lined the various measures taken otal role of minerals growth of techniques and optimum usage up by Ministry of Steel to promote industrialization in Chhattisgarh. and conservation of these pre- Make in India for the steel indus- The government has also taken cious natural resources. NMDC try. She further urged the national number of policy decisions to has been leading from the front and international metal & mining eliminate procedural hindrances in ushering new technologies in fraternity to invest in India taking and appreciated NMDC’s efforts the Minerals and Metals industry, in to account the bright spot India being the biggest miner in the conservation of natural resources is with respect to these sectors. state is doing lot of CSR activities and make the public more sen- Mr. Bipul Pathak, Joint Secretary, for the upliftment of the society. sitized towards the hazards that Ministry of Mines, Govt of India Earlier, in his welcome ad- operators face in the minerals and said, “India will boost the capacity dress, Dr. T. R. K. Rao, Director metals industry.

66 KaleidOscope Noveber, 2018 MMTC's Rising Financial Performance for half year ending 30th September, 2018 MTC Limited declared corresponding period last year its financial results for registering a growth of 26 percent Mthe half year ended on over the same period last year on 30th September, 2018 recently. Y.O.Y. basis. The Company post- There has been an improvement ed Net Profit of Rs 41.62 cr. dur- in performance of the company ing the period as compared to Rs. for the first half of FY 2018-19 29.76 cr. during the same period as compared to the same period last year registering an increase last year. During the half year, of 40 percent. The performance of MMTC has achieved Revenue the company during the second from Operations of Rs. 12511 cr. half of FY 2018-19 is likely to im- as against Rs. 9969 cr. during the Mr. Ved Prakash, CMD, MMTC Ltd. prove further. SAIL becomes the First Indian Steel maker to roll NPB – 750 NPB-750 a cost effective and stronger solution for construction

teel Authority of India Ltd. (SAIL) has become the first Sdomestic steel maker to successfully roll NPB–750 (NPP-750) Narrow Parallel Flange Beams. The depth of NPB-750 will be 750 millimetre with three different sectional weights as per the standards of BIS. NPB–750 has been successfully rolled by the new and state-of-the-art Universal Structural Mill (USM) of SAIL’s Chairman, SAIL, Mr. Anil Kumar Chaudhary addressing the gathering. IISCO Steel Plant. beam is directly proportional to To popularize and give impetus Beams with more depth, like in the depth of the beam. So, NPB– to the use of SAIL Structurals, the case of NPB–750, have higher 750 can provide better solutions Company has also undertaken a load bearing capacity, which for the construction projects in campaign NEX From SAIL – The makes the construction more cost both private and public sectors. Future in Steel Design and has effective and saves time at the SAIL Chairman, Mr. Anil Kumar launched these in market under same time. NPB–750 can be used Chaudhary lauded this achieve- the brand name of NEX From in infrastructure projects such as ment of IISCO Steel Plant and SAIL. NPB–750 is the new prod- bridges, flyovers, railway bridges, said, “SAIL is continually de- uct in the NEX series, which will frames for various factories, multi veloping high quality products not only provide strength to the stories etc. The load bearing ca- suited to the requirements of the construction but will also prove pacity of a narrow parallel flange nation and the market.” to be cost effective.

Kaleidoscope November, 2018 67 HAL holds AGM: First After Listing

industan Aeronautics Limited (HAL) held Hits 55th Annual General Body Meeting of Shareholders, first after its listing at the new HAL Management Academy (HMA) campus at Bengaluru recently. Mr R Madhavan, CMD, HAL in his address to the Shareholders presented the performance high- lights for the FY 2017-18 and discussed the future plans of the Company besides addressing the Mr. R Madhavan, CMD, HAL addressing the shareholders. concerns of the Shareholders. He acknowledged the trust and con- Lakhs in comparison with the Su-30 MKI, LCA Tejas & Dornier fidence of the Shareholders and previous year turnover of Rs. Do-228 in fixed wing and ALH reiterated his commitment to pur- 17,60,379 Lakhs. Profit Before Dhruv & Cheetal Helicopters sue growth opportunities for the Tax for the year was Rs. 3,32,284 in rotary wing. In addition the Company. He said that in spite of Lakhs as against Rs. 3,58,258 Company produced 105 new en- the challenges, the Company has Lakhs in the previous year. The gines, overhauled 220 aircraft/ achieved significant growth in Profit After Tax (PAT) for the year helicopters and 550 engines. Also revenue and profits. was Rs. 2,07,041 Lakhs. 146 new aero-structures for space The Company recorded high- HAL produced 40 numbers of programs were produced during est ever turnover of Rs. 18,28,386 aircraft and helicopters covering the period. CMD, PFC presents US $1 Million RTGS Advice to ISA

Mr. Rajeev Sharma, CMD, PFC, presented RTGS advice of US $ 1 million to Mr. R. K. Singh, Union Minister of State (I/C) of Power and New & Renewable Energy to the ‘International Solar Alliance’ with 121 member countries to promote renewable energy at global level. (SIC)

68 KaleidOscope Noveber, 2018 Chairman, IndianOil calls on Chief Minister, Uttar Pradesh

r. Sanjiv Singh, Chair-man, IndianOil met Chief Minister, Uttar Pradesh, Mr. MYogi Adityanath recently. He was accompanied by Mr. A. K. Ganjoo, ED, UPSO-I and other senior officials. During the course of the meeting, Chairman apprised Chief Minister about the ongoing and upcoming projects of IndianOil in Uttar Pradesh. Chief Minister was also informed regarding the demand and supply scenario of petroleum products in the State. Important issues pertaining to revenue, new projects on 2G ethanol at Gorakhpur, Industrial re-use of waste water for Mathura refinery, IndianOil’s CSR initiatives also figured in the discussions. Chief Minister conveyed his appreciation of IndianOil’s continuing efforts for all round socio and economic development of the Nation. Mr. Sanjiv Singh, Chairman, IndianOil with Chief Minister, He said that CSR is an area where IndianOil can do Uttar Pradesh, Mr. Yogi Adityanath. more for society. Earlier, Chairman met Mr. Anup Chandra Pandey, Chief Secretary, UP along with spectrum of issues were discussed and Chairman Mr. A. K. Ganjoo, Mr. V. K. Verma, CGM (Ops), assured the Chief Secretary that Indian Oil will take Mr. Chakresh Jain, GM (F) and Mr. Sanjay Kaushal, all possible steps with the help of State Government CGM (F), RHQ. During the meeting, a broad for faster execution of the ongoing projects.

India’s First world- class Incident Command Management System (ICMS) & Aircraft Rescue and Fire Fighting (ARFF) Driving simulator center established at AAI

Dr. Guruprasad Mohapatra, Chairman, AAI inaugurating India’s First world - class Incident Command Management System (ICMS) & Aircraft Rescue and Fire Fighting (ARFF) Driving simulator center at Fire Training Centre (FTC) in presence of Mr. I. N. Murthy, Member (Operations), AAI and other senior officials.

Kaleidoscope November, 2018 69 IREDA pays Dividend for FY 2017-18 to Government of India

ndian Renewable Energy Development Agency Ltd. (IREDA) paid a total divi- Idend of Rs. 126.84 cr. for the Financial Year 2017-18. A cheque of Rs. 21.84 cr. as final dividend was presented by CMD, IREDA Mr. K.S. Popli to Minister of State (Independent Charge) for Power and New & Renewable Energy Mr. R. K. Singh in the presence of Secretary, MNRE Mr. Anand Kumar and CMD, REC, Dr. P. V. Ramesh and senior officials from MNRE & IREDA recently at MNRE, New Delhi. During the financial year 2017-18, IREDA achieved highest Loan sanctions of Rs. 12130 Dividend being presented by Mr. K. S. Popli CMD, IREDA to Mr. R. K. cr. for RE Projects, an increase of 19 percent Singh Minister of State (Independent Charge) for Power and New & over Rs. 10199 cr. of 2016-17 and disbursed Renewable Energy in the presence of Mr. Anand Kumar Secretary, Rs. 8328 cr. an increase of 26 percent over Rs. MNRE and Mr. P. V. Ramesh CMD, REC and senior officials from 6593 cr. disbursed during 2016-17. MNRE & IREDA. CNRST, Morocco Scientific Delegation visits NRDC Four member delegation from National Centre for Scientific and Technical Research (CNRST), AMorocco visited NRDC recently to explore the possibilities of collaboration. Dr. H. Purushotham, CMD, NRDC welcomed the delegation and discussed various technologies available with NRDC for transferring to the Industry in Morocco. He also presented various schemes available like development of incubation centre for start- ups, enhancing the skills of the unemployed youth, setting up of Technology Demonstration Centre, setting up NRDC of Morocco, etc. Dr. Mohamed Khalfaoui, Director, CNRST welcomed the proposals and was very much in- terested in setting up Technology Demonstration Centre and setting up NRDC of Morocco. However, Dr. Khalfaoui stressed on transfer of technology to industry in the field Dr. H. Purushotham, CMD, NRDC welcoming the of agriculture and for MSMEs and it is expected a formal delegation from Morocco. collaboration between CNRST – Morocco and NRDC would shortly be finalised for establishing a Centre for Skill Development and Start-ups at Morocco.

70 KaleidOKaleidOscope Noveber, 2018 MCL will produce 162.5 MT Coal during 2018-19: Mr. R. R. Mishra, CMD

Address by CMD, Mr. R. R. Mishra to the employees of MCL

r. R. R. Mishra, CMD, Emphasising on the advantages of project level. The CMD also inter- Mahanadi Coalfields collective participation, the CMD acted with the Young Officers and MLimited (MCL) recently said, “No target is unachievable discussed various organisational visited Ib Valley Coalfields to take for a company if the fundamen- challenges before the company the stock of operational situation tals requirements are met for the and future prospects. He motivat- and emphasised on collective ef- human resource and concerted ed Young Officers to take of the forts to overcome challenges to efforts are made by one and all.” lead roles. Earlier, Mr. J. P. Singh, achieve the uphill target of 162.5 Mr. Mishra, who chaired the coor- Director (Technical/Operations), million tonne during the current dination meeting of Area General welcomed Mr. Mishra in the pres- financial year 2018-19. Managers, expressed his concern ence of Mr. Munawar Khursheed, Mr. Mishra, who took over the over increasing asking rate of coal CVO, Mr. O. P. Singh, Director additional charge of MCL recent- production to achieve the target. (Technical /P&P) and Mr. K. R. ly visited Samleshwari OCP and “You have the potential and you Vasudevan, Director (Finance). Lakhanpur OCP in Jharsuguda can achieve beyond your respec- MCL had produced over 143 district of Odisha and also inter- tive targets,” the CMD said to million tonne coal during last fi- acted with the representatives the Area General Managers as nancial year 2017-18 while it dis- of trade unions and officers’ he advised heads of various de- patched more than 138 MT dry association at company head- partments at HQs to extend full fuel to various consumers across quarters here. support to the teams at areas and the country.

Kaleidoscope November, 2018 71 MCL goes beyond Cashless: begins Digital Payments to its Stakeholders

oing beyond the cashless system for financial Gtransactions, Mahanadi Coalfields Limited (MCL), a leading Coal India subsidiary, has successfully brought itself to a digital banking platform for making quick payment to its stakeholders with zero human interference. MCL has joined hands with State Bank of India (SBI) for ensur- Mr K R Vasudevan, Director (Finance), MCL launching the SBI's Cash Management ing for financial transparency Platform. through SBI’s Cash Management Product (CMP) platform for mak- Bhatta-charya and other senior of- payment process by reducing ing payments to its stakeholders ficers of company and the bank at Human Interface through the use quickly and without any human an official ceremony here last eve- of Bulk File Upload facility using intervention in the process. Mr. K. ning. The company has success- NEFT/ RTGS or SBI to SBI trans- R. Vasudevan, Director (Finance), fully integrated all its units spread fer. This initiative will ensure MCL launched this initiative by over in Jharsuguda, Sundergarh, more transparency and monitor- making a successful live trans- Angul and Sambalpur districts ing of funds in a digitised manner action in the presence of SBI’s of Odisha to the SBI’s CMP through customised Management General Manager, Mr. Gautam platform, which will ease the Information System (MIS). BHEL maintains Growth Momentum in Q2 of 2018-19: Top-line rises, Bottom-line surges 60%, Order booking more than doubles

aintaining the growth second quarter of FY 2018-19, In a highly competitive and momentum, Bharat against Rs. 6,168 Cr. recorded in shrunken market, concerted ef- MHeavy Electricals Ltd. the corresponding period last forts have resulted in the order (BHEL) has reported a surge of year, an increase of 7 percent. Net booking more than doubling to 84 percent in its profit before tax profit (PAT) during the period Rs. 9,530 Cr. for the first half of (PBT) at Rs. 272 Cr. in the sec- has increased to Rs. 185 Cr. com- FY 2018-19 compared to Rs. 3,618 ond quarter of fiscal 2018-19, as pared to Rs. 115 Cr. in Q2 FY 17- Cr. in the six months of corre- against a PBT of Rs. 147 Cr. in 18, up by 60 percent. For the first sponding FY 17-18. This has re- the corresponding quarter in the half of FY 2018-19, the company sulted in an outstanding order previous year. Significantly, con- recorded a PAT of Rs. 341 Cr., an book of Rs. 1,15,533 Cr. at the tinuing on the path of healthy top increase of 74 percent and a turn- end of second quarter of FY 18- line growth, BHEL has recorded over of Rs. 12,397 Cr., up by 8 per- 19, which is 19 percent higher a turnover of Rs. 6,607 Cr. in the cent over FY 2017-18. than last year.

72 KaleidOscope Noveber, 2018 Setting up of Steel Plant in YSR Kadapa District of Andhra Pradesh

review was done by the preparation of the feasibility re- the technical report of the proj- Steel Ministry for prepa- port. This data is to be provided ect and its feasibility. It was also Aration of feasibility report by the State Government which is decided that the Task Force will for establishing steel plant in YSR still awaited. study the mode of investment Kadapa District, Andhra Pradesh, Union Steel Minister, Chaudhary for the proposed steel plant as a as envisaged under Andhra Birender Singh, while review- Public Sector, Private Sector, a Pradesh Reorganization Act, ing the implementation of major Joint Venture or a combination of any or all these. 2014. A High Powered Task Force projects related to steel sector re- comprising representatives from cently instructed MECON to give In the discussion it was stressed Central and State Governments, its technical report to the Task that steel plant in YSR Kadapa SAIL, RINL, NMDC, MECON Force immediately without wait- District of Andhra Pradesh is a and MSTC is working to evolve ing for any other details that is yet very important project for the a plan and prepare a technical to be provided by the State gov- overall development of that re- report. MECON has already sub- ernment. He further instructed gion and all efforts should be mitted a draft report. Further it that MECON may continuously made to take the project to its has finalised all that is required follow up with the State govern- logical end. Further, as per the for the preparation of technical ment to furnish the details of Reorganization Act, the need report and is waiting for data mining leases and availability of for coordinated efforts by all the relating to availability of iron iron ore at the earliest so as to en- stakeholders in a time-bound ore, which is essential for the able the Task Force to evaluate manner was also underscored.

48th AGM of HUDCO held

Dr. M. Ravi Kanth, IAS (R), CMD, HUDCO addressed the share holders at its 48th Annual General Body Meeting in New Delhi.

Kaleidoscope November, 2018 73 NTPC’s Conference on Power Plant Flexibility: Paving way for Green Grid

e are in times of change and growth, with the Wgrowth of economy and increase in per capita income, the power demand is also increasing at over 6 percent and will grow multi-folds in coming times. It is therefore, imperative that we increase use of renewable energy for the importance of Sustainability and Preser- vation of Environment, Mr. R.K. Singh, Union Minister of Mr. R.K. Singh, MoS (I/C) - Power and New & Renewable Energy, Mr. Ajay Kumar Bhalla, Secretary (Power); Mr. Pankaj Batra, Chairman, CEA and Mr. Gurdeep State (I/C) - Power and New & Singh, CMD, NTPC during the NTPC's conference on Power Plant Flexibility. Renewable Energy, said, while speaking at the inauguration Generation fuel mix and such NTPC Ltd. pays Final of NTPC’s conference on “Power forums are ideal to discuss the Dividend of Rs. 1,970.67 cr. Plant Flexibility: Paving way viability to bring about the for FY 2017-18 for Green Grid”. Mr. Ajay Flexibility and integration of For the financial year 2017-18, Kumar Bhalla, Secretary (Power); NTPC Ltd. has paid a final divi- Mr. Pankaj Batra, Chairman, renewable in the power plant. dend of Rs. 1,970.67 cr., being CEA and Mr. Gurdeep Singh, There is a need to strengthen the mining activities, for uninterrupt- 23.90 percent of the paid-up equi- CMD, NTPC were also present ty share capital of the Company. ed thermal power generation and on the occasion. The RTGS advice for the transfer boost the economy benefitting the Our commitment is that 40 per- of Rs. 1,217.29 cr. to Government cent of total capacity will come lowest strata of the society. Mr. of India, being the share of from renewable and by 2030 we Singh also launched the Web por- Government of India in the fi- will be able to cross that, Mr. tal, which is an e-registration of nal dividend, was presented to Singh added. He emphasised Generating units across the coun- Mr. R. K. Singh, Minister of State that Renewable and Thermal try, which will act as a database of (Independent Charge) for Power shall both be added to the Power all operating power plants. and New & Renewable Energy by Mr. Gurdeep Singh, CMD, NTPC recently in the presence of Mr. A. K.Bhalla, Secretary (Power) from Ministry of Power and Mr. K Sreekant, Director (Finance), Mr. Saptarshi Roy, Director (Human Resources), Mr. S. K. Roy, Director (Projects), Mr. Prakash Tiwari, Director (Operations) and Mr. Prasant Kumar Moha- patra, Director (Technical) from NTPC Ltd. This is the 25th consecutive year that NTPC Ltd. has paid dividend.

74 KaleidOscope Noveber, 2018 Inauguration of REIL Electronic Vehicle Charging Infrastructure by Secretary, DHI and Secretary (L&E)

r. A. R. Sihag, Secretary, Government is working on the Department of Heavy Fame- II scheme, which is fo- DIndustry and Mr. H. L. cused on electric power train Samariya, Secretary, Department based local and public transport, of Labour and Employment, to recognize the urgent need Government of India inaugurated to reduce the level of pollution the Electronic vehicle Charging and to make the city clean and Infrastructure (DC Fast and AC environmental friendly. Mr. H. Smart), installed by REIL under L. Samariya appreciated the ef- FAME scheme of Department forts of Department of Heavy of Heavy Industry to promote Industry & REIL and said that de- e-mobility and for the conve- velopment of such infrastructure nience of charging e-vehicles re- should be done in all Ministries, cently at Shram Shakti Bhawan so that these systems become of Ministry of Labour and more popular and get support Inauguration of Electronic vehicle Employment, New Delhi, in the from the mass of participation. charging Infrastructure at Shram Shakti Bhawan. presence of Mr. Vishwajit Sahai, On this occasion, Mr. A. K. Jain, Joint Secretary, Department of Dr. A. R. Sihag and other dig- Heavy Industry, Government nitaries apprised about various operational parameters of each of India, Mr. R. K. Gupta, Joint products of the Company, es- charger. Secretary, Department of Labour pecially the meaningful work- Mr. Jain reiterated the commit- & Employment, Government of ing system of electric mobility ment of "Shaping India Through India, Mr. A.K. Jain, MD, REIL charging infrastructure and vari- Electronics, Renewable Energy and other dignitaries. ous other range of commercial and Information Technology On this occasion, Dr. A. R. Sihag products of the Company. This Solutions" and said that the in- said that the coming time is of charging station has been set novation is given importance by electronic mobility and in or- up by REIL to reduce the de- the Company. REIL is working in der to make it successful, the pendence on fossil fuels and to the direction of growth and de- Department of Heavy Industry, promote clean environment. velopment of the Indian economy Government of India has al- He also said that the Company and society, and is bring technol- lotted the responsibility of set- has so far set up 79 charging sta- ogy to the rural mass by align- ting up 200 charging stations at tions and the remaining work ing with the various missions of Delhi, Jaipur and Chandigarh is in progress which shall be the Government of India such under Fame scheme. Three charg- completed soon. All installed as National Dairy Plan, Solar ing stations have been set up 200 chargers will be connected Mission, Make in India, Digital at Shram Shakti Bhawan to the app-based Central India, Clean India Mission and of Ministry of Labour and Monitoring System, which will Doubling Farmers Income. REIL Employment under the scheme. provide online information of is also covering the urban area Dr. Sihag also informed that the availability and performance/ through technology.

Kaleidoscope November, 2018 75 REIL-NDDB Set up First Solar Cooperative at Mujkuva Village in Gujarat

rime Minister, Mr. Nare- ndra Modi inaugu- Prated India's First Solar Cooperative, Mujkuva Saur Urja Utpadak Sahakari Mandali at a ceremony at Amul Chocolate plant at Mogar Anand recently. This project is conceived and implemented by Rajasthan Elec- tronics & Instruments Ltd (REIL). The project was led by Chairman, NDDB, Dr. Dileep Rath and MD, REIL, Mr. A. K. Jain. The project is aimed for doubling farmer’s income to reduce carbon Prime Minister, Mr. Narendra Modi inaugurating India's First Solar Cooperative, emissions encouraging renew- Mujkuva Saur Urja Utpadak Sahakari Mandali implemented by REIL. able energy and to save depletion of ground water level. Integrated highly subsidized consumer and Anklav Tehsil of Anand district Solar Capacity is of 150 KWp with when scaled up the same will in Gujarat, India with total to- 8 *15 HP and 3 *10 HP DC pumps bring long term sustainability tal population of 5,557 (Male- and has state of art grid connect through doubling the farmer’s 2,890 & Females- 2,667) approxi- infrastructure in and around income. He further said that REIL mately as per Population Census farms with stack of 11 farmers. has achieved a milestone align- 2011. Farmers here used expen- Mr. Jain said on this occasion that ing its path of rapid growth while sive, noisy, and polluting diesel this project shall bring radical ensuring its role in improving pumps to pump water out of the changes in rural power scenario National Economy through con- ground to irrigate their crops. and farmers shall emerge as Net necting people at grassroot level. Diesel pumps were replaced with Electricity Exporter instead of Mujkuva village is located in grid connected DC/AC efficient solar pumps, installed meters to record the energy, entered into an agreement with the local distribution utility to buy back any excess power at the rate of Rs. 3.5/ kWh. IWMI (International Water Management Institute) have offered to top up the utility company Feed –in Tarrif with a green Energy Bonus of Rs. 1.25/ kWh and a water Conservation bonus of another Rs. 1.25/kWh. Eleven solar pumps, with a total installed capacity of 150kWp are expected Chairman, NDDB, Dr. Dileep Rath and MD, REIL, Mr. A. K. Jain addressing the to generate some 2.15 Lakh kWh/ gathering. year of solar energy.

76 KaleidOscope Noveber, 2018 HSL celebrates Triple Triumphs

(HSL). The function was attended by senior officials of Indian Navy, Indian Register of Shipping and HSL.

Delivery of 50T Bollard Pull Tug to DPT

HSL inks major contract signing ceremony was held at with MoD (Indian Navy) MoD, Delhi on 20th September, Hindustan Shipyard Limited 2018 with representatives from inks contract worth above Rs MoD, Navy and HSL. 2000 Crores with Ministry of Defence(Indian Navy) for con- Float out of Six 10T Bollard struction of 02 Diving Support Pull Tugs for Indian Navy 50T Bollard Pull Tug, Krittika, Vessels. Rear Admiral LV The yard created a history by si- yard 11174, built by HSL SaratBabu, NM, IN (Retd), multaneous floating of six Ten was handed over to Deputy Chairman & Managing Director Ton Bollard Pull Tugs on 20th Chairman of Deendayal Port stated that the yard had September, 2018, being construct- Trust on 20th September, 2018 won this bid in a competitive ten- ed for Indian Navy in the august at Kandla, Gujarat in the pres- der involving PSUs and private presence of Rear Admiral LV ence of other Port officials and sector shipyards. The contract SaratBabu, NM, IN (Retd), CMD HSL officials. This is the second vessel being delivered in this financial year by the shipyard. The Tug has been designed and built by HSL and is capable of developing a 50 Ton Bollard Pull and can achieve speed of 12 Knots. The Tug is equipped with state of the art external firefighting equipment. During trials, she has proved her ability to face rough seas. The tug in its maiden voyage to Kandlahas undertaken a nonstop 2200 nautical mile run.

Kaleidoscope November, 2018 77 NCL registers a Growth of 13% in Coal Production and 10% in off-Take

orthern Coalfields Ltd (NCL) has produced N48.38 million tonnes of coal and despatched 49.19 million tonnes of coal in the first half of the current year (i.e. from April to September). In the first half of the current year, the coal production and dispatch are in excess of the assigned target for the first 6-months. According to the target, the company had to produce 47.04 million tonnes of coal and 45.22 million tonnes of coal in this period. The coal production by the company in the first half was 13 44.63 million tonnes of coal. 2018, the company has des- percent higher than the corre- Talking only standalone Septe- patched 8.16 million tonnes of sponding period of the last fi- mber figures, the coal produc- coal as against 7.90 million tonnes nancial year. In the first half of tion and dispatch of the company in September last year. It is worth the last financial year, the compa- in September this year is more mentioning that in the current fi- ny produced 42.80 million tonnes than the production and off- nancial year, NCL has to produce of coal. Similarly, the company's take made figures of last year 100 million tonnes of coal and coal dispatch in the first half September. NCL has produced dispatch 100.50 million tonnes was 10 percent higher than the 7.99 million tonnes of coal in of coal. Looking at the results of same period last fiscal. In the September 2018, compared to the first half, it is expected that first half of last financial year, 7.16 million tonnes in September the company will surpass its as- the company had despatched last year. Similarly, in September signed targets.

GAIL included in the Global Sustainability Index 'FTSE4 GOOD Emerging Index' for the second year in a row

AIL (India) Limited has The FTSE4 Good Index Series is On being included in the global been selected for the sec- designed to measure the perfor- ESG Index, Dr. Ashutosh Karnatak, Gond year in a row as an in- mance of companies demonstrat- Director (Projects), GAIL (India) dex constituent of the FTSE4 Good ing strong ESG practices world- Limited said, “GAIL’s inclusion in Emerging Index. GAIL’s selec- wide. The Global Sustainability the FTSE4 GOOD Emerging Index tion in the FTSE4 Good reflects its Index has been created by global for a second year in a row stands leadership in environmental, so- index provider FTSE Russell, as a testimony of our efforts and cial and governance (ESG) per- a wholly owned subsidiary of long-term commitment towards formance in the Oil & Gas Sector. London Stock Exchange Group. Sustainability.”

78 KaleidOscope Noveber, 2018 NBCC pays Dividend to the Government

total amount of Rs. 111.11 cr. as dividend for the FY 2017-18 which includes interim dividend of Rs 36.77 cr. paid earlier. The final dividend paid by the company for FY 2017-18 is @56% which translates to Rs 0.56 per paid up equity share of Rs 1/-each. “We are majorly known as Project management Consultancy (PMC) working in Dr. Anoop Kumar Mittal, CMD, NBCC (India) Ltd handing over the cheque to Mr. projects across sectors like road, Hardeep Singh Puri, MoS, MoHUA. housing, power, railways etc. NBCC have a huge order book BCC (India) Ltd. has de- Puri, Minister of State, Ministry of Rs. 80,000 crore and declaring clared its final dividend of Housing and Urban Affairs dividend shows the growth and Nand paid the amount of (MoHUA) in presence of Mr. operational efficiency of the com- Rs. 74.34 cr. to the Government of Durga Shanker Mishra, Secretary, pany. Shareholders being the key India (GOI) for FY 2017-18. HUA; Director, NBCC; and other stakeholders, we always strive to Dr. Anoop Kumar Mittal, CMD, senior officers of the Ministry put best of our efforts to take the NBCC (India) Ltd handed over and NBCC. It may be mentioned company to new heights,” said the cheque to Mr. Hardeep Singh that the Company has paid a Dr. Anoop Kumar Mittal. 44th Annual General Meeting of Central Electronics Limited held

entral Electronics Limited of Rs. 19 Cr. in the last two years will result in major saving in for- (CEL) made profit for fifth as well as wage arrears of 1997 eign exchange and give a fillip to Cyear in succession. The wage revision. manufacturing in this area. Company declared its financial Mr. Manoj Sharma, PRO said that CEL has pioneered Solar results for the year 2017-18, at its the company presently has an Photovoltaics in the country. 44th AGM recently. The company order booking of almost Rs. 800 After manufacturing India’s First has, for the first time in its history, Cr.and is expected to double its solar cell in 1977 CEL went on to fully wiped out its accumulated turnover in the current year. CEL manufacture the country’s first losses. The Company achieved a has signed a ToT agreement with solar panel in 1978. CEL holds turn over of Rs. 221 Cr. and made DRDO-DMRL (Defence Material the distinction of supplying, a net profit of Rs. 21 Cr. despite Research Laboratory) for manu- installing and commissioning having borne additional expense facturing of “Fused Silica based India’s first solar power plant in of Rs. 15.5 Cr. on account of revi- Seeker Missile Radome”. The 1992 . CEL today has 1.3 MW of sion in Gratuity ceiling and Rs. Radome is a critical compo- Solar Power Plants on its campus 4.5 Cr. toward wage revision. The nent for manufacture of missiles with almost 40% of its total en- company has also paid off over- which is presently being import- ergy consumption coming from due government loans to the tune ed at high cost. This agreement solar energy.

Kaleidoscope November, 2018 79 Awards & Accolades to PSEs

AAI’s Ahmedabad and Indore Airports awarded as Best Airports under National Tourism Awards 2016-17

Mr. Manoj Gangal, Airport Director, Sardar Vallabhbhai Patel International Airport, Ahmedabad along with Mr. Keshava Sharma, Regional Executive Director (WR) AAI receiving the National Tourism Award 2016-17 by Mr. K. J. Alphons, MoS (I/c) for Tourism, Govt. of India for Best Airport in Major Cities Category.

Ms. Aryama Sanyal, Airport Director, Devi Ahilya Bai Holkar classified hotels, heritage hotels, approved travel Airport, Indore receiving the National Tourism Award 2016- agents, tour operators and tourist transport opera- 17 by Mr. K. J. Alphons, MoS (I/c) for Tourism for Best Airport tors, individuals and other private organizations in in Rest of India Category. recognition of their performance in their respective fields and also to encourage healthy competition with an aim to promoting tourism. Airports Authority of India’s Devi Ahilya Bai Holkar Airport, Indore and Sardar Vallabhbhai Patel International Airport, Ahmedabad was con- BHEL wins Six National Safety ferred with the National Tourism Awards 2016-17 at an award function held at Vigyan Bhawan, New Awards Delhi on World Tourism Day recently. Among a host of public and private sector com- Sardar Vallabhbhai Patel International Airport, panies in the country, six 'National Safety Awards' Ahmedabad received the Best Airport Award in have been won by Bharat Heavy Electricals Limited Major Cities category and Devi Ahilya Bai Holkar (BHEL) for outstanding achievements in terms of Airport, Indore received the Best Airport Award in the longest accident free period and lowest accident ‘Rest of India’ category for promotion of Tourism frequency rate at their works. The awards were re- at these airports. This award was presented by ceived by Mr. Atul Sobti, CMD, BHEL, from Mr. Mr. K.J. Alphons, Minister of State (Independent Santosh Kumar Gangwar, Union Minister of State Charge) for Tourism. Mr. Manoj Gangal, Airport Director, Sardar Vallabhbhai Patel International Airport, Ahmedabad and Ms. Aryama Sanyal, Airport Director, Devi Ahilya Bai Holkar Airport, Indore along with Mr. Keshava Sharma, Regional Executive Director (WR) AAI, received the award from the Minister and Ms. Rashmi Verma, Secretary, Ministry of Tourism, Govt. of India. The Ministry of Tourism, Government of India presents National Tourism Awards to various segments of the travel and tourism industry every year. These awards are Mr. Atul Sobti, CMD, BHEL receiving the Award from presented to State Governments/Union Territories, Mr. Santosh Kumar Gangwar, MoS, Labour & Employment (I/c).

80 KaleidOKaleidOscope Noveber, 2018 NALCO CMD, Dr. Chand conferred with ‘NIPM Ratna’ Award: Calls for MSMEs centred HR Model in 4th Industrial Revolution Dr. Tapan Kumar Chand, CMD, NALCO has been conferred with the ‘NIPM Ratna Award’ in the 37th NIPM’ Annual National Conference NATCON-2018, held recently at Pune. Dr. Chand was given the award in recognition to his significant Bharat Heavy Electricals Limited (BHEL) has been conferred contribution to People Management & Strategic the ‘ICAI National Award for Excellence in Cost Management Leadership. Dr. Chand dedicated the award to HR 2017’. The award was presented by Mr. Piyush Goyal, Union Minister of Railways and Coal, to Mr. Atul Sobti, CMD, professionals in the country and the Team NALCO. BHEL and Mr. Subodh Gupta, Director (Finance), BHEL, at a function in New Delhi. for Labour & Employment (Independent Charge), at a function in New Delhi. All the six awards have been won by the company’s Trichy unit.

Capt. Anoop Sharma, CMD, SCI bestowed Outstanding achievement award

Sharing his thoughts, Dr. Chand said, “We are now in the threshold of 4th industrial revolution. The 1st Industrial revolution marked the shift from muscle power to steam power while 2nd revolution occurred with application of electricity and mass production. With 3rd revolution it gave further wings to human efforts with implementation of IT & Automation. Now with the emerging 4th industrial revolution, Artificial Intelligence, Internet of Capt. Anoop Kumar Sharma, CMD, SCI with the award. Things, Robotics, Augmented Reality etc would be the trend setters. Capt. Anoop Kumar Sharma, CMD, The Shipping Corporation of India Ltd (SCI), has been awarded with The Maritime Standard ‘Outstanding President of India presents Achievement Award’ 2018 for his outstanding con- “Rashtriya Khel Protsahan tribution to Indian shipping and the maritime fraternity at large. He was conferred with the award Puruskar” to RINL at the ‘The Maritime Standard Awards 2018’ held RINL-VSP is the proud recipient of Rashtriya Khel recently at Atlantis Ballroom, The Palm, Dubai. Protsahan Puruskar-2018. The Award was bestowed On receipt of the award, Capt. Anoop Sharma, on RINL-VSP in recognition of its contribution in CMD, SCI dedicated the award to the employees the field of Identifying and Nurturing of Budding of SCI and thanked his family for their support. He Talent in sports. also expressed his happiness on having won the Shri Ram Nath Kovind, President of India pre- award for the SCI family. sented the award to Mr. P. K. Rath, CMD, RINL-VSP

Kaleidoscope November, 2018 81 mentioned that VSP is not only known for operational efficiency and innovation but also encouraging talent in the field of sports. RINL has identified and nurtured several sports persons at district, state and national level and also supporting them by giving scholarships etc. It is also promoting community sports in the township and villages. RINL has created sports infrastructure i.e an exclu- sive Hockey Stadium, International Skating Rink, Col CK Naidu Ukku Stadium for Cricket, Indoor Shri Ram Nath Kovind, Hon’ble President of India presenting the award to Mr. P. K. Rath, CMD, RINL-VSP at a function held Stadium with wooden flooring for Volley Ball, ex- in New Delhi. clusive open courts for Lawn Tennis, Volleyball, Shuttle Badminton etc. These efforts resulted in at a function held in New Delhi recently. Mr. P. K. bagging various medals by talented children etc at Rath while congratulating the collective of RINL the State, National and International levels.

Dr. Ajay Kumar, IAS, Secretary (Defence Production) visits GSL

Advanced Missile Frigate Project. more Artificial Intelligence based He was briefed by RAdm Shekhar technologies. Secretary (DP) said, Mital, NM, IN (Retd), CMD GSL “GSL’s unique capability of de- on progress of ongoing 5 CGOPV livering ships, ahead of schedule, Project being undertaken by GSL while working in the PSU ecosys- for Indian Coast Guard as well as tem, is the most differentiating the ambitious ongoing Shipyard feature of GSL and an example for Modernisation Program at GSL. other PSUs to follow.” Secretary Secretary (DP) was conducted (DP) lauded RAdm Shekhar Mital, around the shipyard and was tak- CMD, GSL who is due to retire en to the upcoming Infrastructure this month on superannuation. Dr. Ajay Kumar, IAS, Secretary (Defence sites under various phases of Shipyard’s workers led by Mr. Production) Ministry of Defence alongwith modernization program. He was Kishor Shet felicitated Secretary RAdm Shekhar Mital, CMD, GSL. apprised of the various world- (DP) on his maiden visit to GSL class infrastructures coming up in and assured him of maintaining r. Ajay Kumar, IAS, Secre- the yard in next 2-3 years, which the same culture of advance de- tary (Defence Production) will provide GSL indigenous ca- liveries of ships, for new works Ministry of Defence, Govt. pability to build weapon intensive awarded to GSL by MoD. Later D th th high tech Ships for Defence and of India visited GSL on 10 - 11 in the evening, Secretary (DP) November 2018. During the visit, for Exports. inaugurated Foreign Specialist Secretary (DP) laid the keel for 4th Secretary (DP) took keen interest accommodation built at Chicalim Coast Guard OPV, under construc- in ongoing construction of ships, at a cost of Rs 7 Crs, which will tion at GSL and inaugurated the R&D, innovation & 3D design be- be utilized for forthcoming Foreign Specialist Accommodation ing done by shipyard and urged MCMV and Advanced Missile at Chicalim for MCMV Project & GSL to use increasingly more and Frigate Project.

82 KaleidOscope Noveber, 2018