Tata Power-DDL bags ICAI’s Annual Award for Excellence in Financial Reporting

New Delhi: Tata Power Delhi Distribution (Tata Power-DDL), a leading power distribution company serving a populace of 7 million in the national capital, has been honoured with the prestigious ‘Institute of Chartered Accountants of India (ICAI) Award for Excellence in Financial Reporting’ for the financial year 2020-21. The Annual Report and financial statements of Tata Power-DDL for FY 2020-21 have been adjudged as a winner in the ‘Silver Shield’ Category.

The award was presented to Mr. Suranjit Mishra, Chief Financial Officer, Tata Power-DDL from Dr. Jitendra Singh, Hon’ble Minister of State (IC) for Science & Technology, Earth Sciences; Minister of State for Prime Minister’s Office; Personnel, Public Grievances and Pensions, Department of Atomic Energy and Department of Space at the coveted award ceremony.

An eminent jury chaired by Shri. P.K. Gupta, CMD, NBCC (India) and esteemed members from various sectors selected Tata Power-DDL in the ‘Infrastructure and Construction Sector’ category, after carefully reviewing and screening the accounting practices adopted by the organization, the policies adopted for disclosure & presentation of financial statements, and other information contained in the annual report.

Research Committee of the Institute of Chartered Accountants of India (ICAI) has been holding the annual competition for the ‘ICAI Awards for Excellence in Financial Reporting’ to promote better standards in the preparation and presentation of information in the financial statements. The awards are given in seven categories of business and other entities.

Speaking on the achievement, Mr. Suranjit Mishra, Chief Financial Officer, Tata Power-DDL, said, “We are extremely delighted to receive this prestigious recognition for the second consecutive year. Tata Power-DDL maintains highest ethical standards in Financial Reporting and strongly believes that robust financial reporting helps to contribute to the overall economic growth of a nation. We are thankful to ICAI for recognizing and honouring our efforts towards achieving the same.”

Tata Power-DDL has won several national and international accolades for its pioneering efforts in power distribution reforms including national awards for ‘meritorious performance in power sector’ and ‘promotion / facilitation for roof-top solar’ etc.

Conferred by The Institute of Chartered Accountants of India (ICAI), this honour is accorded in recognition of the highest degree of Compliance of Accounting Standards & Guidance Notes/ Statutory Guidelines /Regulations/Corporate Governance Policies and Comprehensiveness, Adequacy, Quality & Content of Disclosures showcasing exemplary excellence in presentation of financial statements.

 

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