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Tata Power wins '3rd ICSI CSR Excellence Award' for the year 2018

Posted On: 2019-01-11 15:38:51

Tata Power, the India's largest integrated power company, won the "3rd ICSI CSR Excellence Award" for the year 2018 in the Medium Category for its commitment towards empowering the communities in and around its operational areas. Team Tata Power accepted the award on behalf of the Company from Mr. G. N. Bajpai, former Chairman, The Securities and Exchange Board of India (SEBI), Dr. Mohan Kaul, President, Indian Professionals Forum, UK and Mr. Makarand Lele, President, The Institute of Company Secretaries of India (ICSI), at the 3rd ICSI CSR Excellence Award for the year 2018 ceremony held at The Taj Mahal Palace Hotel, Mumbai today.

ICSI is constituted under an Act of Parliament i.e. the Company Secretaries Act, 1980 (Act No. 56 of 1980). ICSI is the only recognized professional body in India to develop and regulate the profession of Company Secretaries in India.

The award acknowledged Tata Power's unique and extraordinary contribution in CSR thereby recognizing its role in fueling inclusive growth and the implementation of innovative practices in community development and empowerment.

Speaking on this achievement, Mr. Praveer Sinha, CEO and MD, Tata Power, said, "Since its inception, Tata Power has believed in inclusive growth and has worked closely with local communities to become a responsible business in its operational areas. We will continue to invest in local community development in a wide range of areas like health, environment and livelihood. Awards like the ICSI CSR motivate us to work harder towards achieving our goal of creating independent and self-sustaining communities and individuals."

In line with the company's philosophy, Tata Power will continue to cover the pillars of education, health & sanitation, livelihood & employability, water, financial inclusivity, and social capital through its CSR initiatives.

Shares of TATA POWER CO.LTD. was last trading in BSE at Rs.74.8 as compared to the previous close of Rs. 74.3. The total number of shares traded during the day was 418915 in over 947 trades.

The stock hit an intraday high of Rs. 74.95 and intraday low of 73.85. The net turnover during the day was Rs. 31171325.


Source: Equity Bulls

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