KALEIDO SCOPE

Contents Vol. 40 No. 4 September, 2020 Message by Chairman..................................................................................................................................... 05 Director General's Desk................................................................................................................................... 07 SCOPE News SCOPE and ILO to undertake a Joint Study on Women Empowerment........................................ 08 SCOPE and Center for Creative Leadership (CCL), USA launch Study to develop...................... 08 Future Fluent Leaders in PSEs Secretary, DST exhorts corporates to leverage digital disruptions to shape the future.......... 09 SCOPE Celebrates 74th Independence Day.............................................................................................. 10 DG, SCOPE delivers Keynote Address at Deloitte & SAP Webinar.................................................... 11 Interface with Stakeholders........................................................................................................................... 11 “Digital Transformation in COVID-19” 7th August, 2020 Comments /........................................... 12 Feedback Received from CPSEs Scope in Media................................................................................................................................................. 13 Articles Role of PSEs in Climate Change Mitigation: Mr. Atul Sobti, DG, SCOPE's Interview.................. 15 Emergency Public Procurement - Capacity Enhancement for New Age Governance..... 19 by Hari Mohan & Vijay Mittal Balancing Skills on the Board of Directors....................................................................................... 22 by Inderpal Singh Business Leadership: Learning from the Great............................................................................... 28 by Ashutosh Kumar Tapping into the field of Consciousness for Healthy Heart........................................................ 33 by Dr. H. K. Chopra HSCC: Emerging as a Premier Public Sector Undertaking.......................................................... 37 by Gyanesh Pandey PSE News Hon’ble Prime Minister and His Mauritian Counterpart Jointly e-Inaugurate...................... 42 New Supreme Court Building in Port-Louis Built by NBCC GAIL Reports Turnover of Rs. 12,060 Cr.; PAT of Rs. 256 Cr. in Q1 FY21..................................... 42 SAIL Maintains Profitability during FY’20; Earns more than Rs. 2000 Cr. Net Profit............. 43

Vol.C40No.4 September,o 2020n t e n t s NRL Records Impressive First Quarter Results Despite Pandemic............................................. 43 Raksha Mantri launches Products Indigenously developed by BEL......................................... 44 Personalia......................................................................................................................................................... 44 Union Home Minister lays foundation of MCL’s Eco-park ‘Utkal Upvan’ in Jharsuguda..... 45 NMDC registers Record Jump in Production and Sales of Iron Ore in July 2020.................. 45 NFL Total Fertilizer Sale reaches all-time High at 18.79 LMT in April-July’20......................... 46 REC Commits Financial Assistance of Rs. 23.52 Cr. to Shri Kedarnath Utthan....................... 46 Charitable Trust PSEs Ink MoU.................................................................................................................................................. 47 NTPC's Total Installed Capacity reaches 62910 MW........................................................................ 51 NRDC Transfers Two COVID-19 Technologies Developed by S. N. Bose National................ 52 Centre for Basic Sciences Cochin Port helps FACT to look East; First Coastal Shipment of FACT flagged off............... 53 POWERGRID posts Profit After Tax of Rs. 2,048 Cr. for Q1FY21. Total Income rises.............. 53 by 5% to Rs. 9,817 Cr. GRSEs Atma Nirbhar Mission – New Modernisation Facility Launched................................... 54 Chairman, CIL Flags Off the Trial Run of 190T Dumpers through Video Conferencing..... 54 PSEs CSR Activities........................................................................................................................................ 55 PSEs Celebrate Independence Day........................................................................................................ 56 1 MW (AC) Solar Power Plant energized by CEL in a Border Village of Shimla,..................... 59 Himachal Pradesh ADVISORY BOARD Annual Subscription: Rs. 500/- Price per copy : Rs. 50/- Atul Sobti Director General, SCOPE (Payment may be sent by DD/Cheque drawn in favour of M. L. Maurya, GM (Technical) “Standing Conference of Public Enterprises”) CHIEF EDITOR Material published in KALEIDOSCOPE may be reproduced with prior permission of the Editor and with acknowledgment Director General in the accepted style. The views expressed in various articles are that of the authors and not necessarily of SCOPE EDITOR Management. - Editor Nisha Sharma Published and printed at New Delhi by A. S. Khan on behalf of Standing Conference of Public PUBLISHER Enterprises, Core 8, 1st Floor, SCOPE Complex, 7 Lodhi Road, New Delhi-110003 • Tel.: 24361495, Fax: 24361371 A. S. Khan E-mail: [email protected] at Rave Scan (P) Limited, A-27, Naraina Industrial Area, Total Pages : 60 Phase-II, New Delhi - 110028 Designed by Akar Advertising & Marketing (P) Ltd. Tel: 011-43700100

Message by CHAIRMAN ‘regaining.’ With so many disruptions and im- mediate transformations, organisations are com- ing to terms with new challenges on a daily ba- sis. Digitalisation, agile approach and creation of new growth strategies have become fundamental for rapid recovery and sustained growth. As the country recently celebrated the 74th The pandemic has also made organisations Independence Day, our Hon’ble Prime comprehend the importance of crisis plan- Minister reinforced the resolve of a self- ning. Training and development activities have reliant India and stressed that all countrymen therefore been continuously conducted from must move ahead with the mantra of ‘Make for both organisation and employees point of view. World’ alongside ‘Make in India.’ Public Sector Importance of mental wellness and staying con- Enterprises (PSEs) being the backbone of the nected in this period of ‘Social distancing’ has socio-economic transformation in the country, also come to the fore. have been playing a vital role in achieving the mission of self reliance. In line with Government SCOPE has been organising capacity building efforts, PSEs have been endeavouring to accen- programmes on varied subjects to keep them tuate and promote local products on the global abreast of latest developments in the specific map. During the ongoing crisis owing to COVID domains. Keeping up with its aim for the holis- 19 pandemic, they showed grit and determina- tic development of PSE employees, SCOPE has tion and created new technologies and products been conducting programs that cater to the over- to strengthen government efforts in mitigating all wellness of the employees. Programmes with the impact of the pandemic. However, as the top globally acclaimed Medical experts from USA companies from around the globe are looking and India have been conducted as part of its con- forward to India for investment, PSEs too have to tinued endeavour. adopt new strategies and innovate to manufac- ture quality products that meet global standards. SCOPE has also taken a unique initiative to come out with a Compendium to pay tribute to the ef- In the new normal situation, the top priorities forts of PSEs in strengthening the economy dur- of companies have changed across the world. ing COVID 19 pandemic. This endeavour of The focus now lies upon ‘reimagining’, than just SCOPE has been received very positively by the Government, policy makers and the public sec- tor fraternity. SCOPE has received words of en- couragement in the form of ‘Message’ from the Hon’ble President, the Hon’ble Vice President, the Hon’ble Prime Minister, the Hon’ble Ministers and Secretaries to the Government of India. In fact, past few months has seen a new dawn for Kaleidoscope September, 2020 5

SCOPE where the organization has worked tire- everyone good health by following the safety pro- lessly in practically all spectrums. Undeterred by tocols and not being complacent during this pan- the challenges posed by the pandemic, it contin- demic. At the same time let us keep on finding ued its endeavors to emerge as more inspiring in- newer smart ways to handle this global crisis en- novative and impactful organization. SCOPE has abling us to move meticulously towards our aims repositioned itself to play even more meaningful and goals. Challenges may be harder but what role for betterment of PSEs. SCOPE’s programs makes us stronger should be our enduring and for capacity building, launch of many studies on overcoming responsiveness and trust that diffi- relevant issues and employee development ini- cult roads often lead to beautiful destinations. tiatives validates SCOPE’s commitment to play a significant role in promoting excellence in PSEs. SCOPE is committed to continuously take in- Rakesh Kumar novative initiatives through participative man- Chairman, SCOPE agement for PSEs to enhance their contribution in the growth momentum of the country. I wish 6 KaleidOscope September, 2020

Director General ’s Desk Self reliance has become a man- employees through various activi- to aspire for challenging roles in tra for everyone in the coun- ties and communication exercises their organisations. SCOPE there- try. As the nation celebrated including communication groups, fore, signed an understanding with the 74th Independence Day, our activities and monthly virtual em- International Labour Organization Hon’ble Prime Minister inspired all ployee meetings. (ILO), a tripartite U. N. agency, countrymen to excel and attain self for a Joint Study on ‘Women reliance to enhance India’s share in Pursuant to its endeavour of creat- Empowerment - Adoption of Work the world economy. SCOPE and ing an environment of learning and from Home Model’ to analyze and Public Sector Enterprises (PSEs) are development in PSEs, SCOPE has train women in PSEs for leadership committed to stride ahead with zeal been interacting with premium na- positions and management. to contribute towards the dream of tional and international institutes becoming ‘Atma Nirbhar Bharat.’ and reputed consultants to under- Acknowledging the new normal at take research and studies so as to workplaces, SCOPE ventured into SCOPE in keeping with the patriot- provide useful inputs to PSEs in its digital journey in April 2020 and ic fervour celebrated Independence improvising their systems and pro- with the overwhelming response Day through the virtual medium cesses. As part of this, an MoU has and support of its members and and tricolour Balloons have been been signed with The Center for participants it has now concluded hoisted over both its buildings Creative Leadership (CCL), USA 14 successful webinars on variant at SCOPE Complex and SCOPE to conduct a study on ‘Developing topics. Minar, Laxmi Nagar. The ensu- Future Fluent Leaders in PSEs’ ing thought to our commitment as which will focus on prevailing Realising that in the current busi- citizens and employees, is that we leadership gaps and curating a ness environment, adoption of dedicate our lives to every work we learning module on developing ef- digitalization and technology has do, be it towards the nation or our fective and efficient leaders. become imperative, SCOPE recent- organisation. SCOPE, over the past ly conducted a Webinar on ‘Digital few months, has attempted to instil Similarly from good governance Transformation in COVID-19’ the spirit of ownership among its perspective there is an urgent need with Prof. Ashutosh Sharma, to encourage women employees Secretary, Department of Science & Technology (DST) as Chief Guest, Programmes & Initiatives launched (since last issue of KALEIDOSCOPE) where changes brought in by dis- ruptive technologies in day to day • SCOPE and Center for Creative Leadership (CCL), USA launched study to develop working and the emergence of Future Fluent Leaders in PSEs – 4th August, 2020 Industry 4.0 based on control of data, knowledge and wisdom was • Webinar on Digital Transformation during COVID-19 – 7th August , 2020 discussed. • SCOPE and ILO launched a joint study on ‘Empowering Women in Public Sector Therefore, looking at these times of Enterprises ‘Adoption of Work from Home (WfH) Model’– 10th August, 2020 crisis as an opportunity, we should • Virtual Independence Day Celebrations by SCOPE – 14th August , 2020 all aim to move ahead with great • Webinar on COVID Pandemic and its impact on Mental Health : Fighting a pandemic enthusiasm to grow, prosper and become more successful. within pandemic – 27th August, 2020 Atul Sobti Programmes & Initiatives in offing Director General, SCOPE • Compendium on ‘Building Self Reliant, Resurgent, Resilient India – PSEs contribution Amidst COVID-19’ • Webinar on Leadership in association with The Center for Creative Leadership (CCL), USA – September , 2020 Kaleidoscope September, 2020 7

SCOPE and ILO to undertake a Joint Study on Women Empowerment Mr. Atul Sobti, DG, SCOPE and Ms. Dagmar Walter, Director, ILO during the virtual Atul Sobti, Director General, signing of the Understanding between SCOPE and ILO. SCOPE and Ms. Dagmar Walter, Director, ILO Decent Work Team Standing Conference of Pub- tripartite U.N. agency signed an for South Asia and Country Office lic Enterprises (SCOPE), an understanding for a Joint Study for India signed the understanding apex body of Public Sector on 'Women Empowerment - virtually. The key objective of the Enterprises (PSEs) and Internatio- Adoption of Work from Home study is to analyse and train wom- nal Labour Organisation (ILO), a Model' on 10th August, 2020. Mr. en in Public Sector in order to em- power them and motivate them to aspire to positions of leadership and management by addressing challenges faced by them at work. The study succeeds an earlier study of SCOPE & ILO whereby a team of Network of Champions was developed to train women in Public Sector on different aspects. SCOPE and Center for Creative Leadership (CCL), USA launch Study to develop Future Fluent Leaders in PSEs SCOPE, and The Center Mr. Atul Sobti, DG, SCOPE and Mr. Muniinder Anand, MD, India & South Asia, CCL for Creative Leadership signing the MoU. (CCL),USA, engaged in learning and development with fo- Study shall adopt a qualitative and which would be further analyzed cus on effective leadership devel- quantitative research methodol- to identify relevant skills, mind opment, signed a Memorandum ogy based on responses and expe- sets, and experiences for future- of Understanding (MoU) to con- riences of the present leadership fluent PSE leaders in India. duct a Study on ‘Developing Future Fluent Leaders in PSEs on 4th August 2020. The MoU was signed between Mr. Atul Sobti, Director General, SCOPE and Mr. Muniinder Anand, MD-India & South Asia, CCL. The MoU aims at conducting a study on assessing the prevail- ing leadership gaps and curating a learning module on develop- ing effective and efficient leaders in the Indian Public Sector. The 8 KaleidOscope September, 2020

SCOPE News Secretary, DST exhorts corporates to leverage digital disruptions to shape the future As COVID acts as a key Mr. Atul Sobti, DG, SCOPE, Prof. Ashutosh Sharma, Secretary, Department catalyst for acceleration of Science & Technology (DST), Mr. S. M. Vaidya, Chairman, IOCL, Mr. Manas of digital technologies, Majumdar, Mr. Sushant Rabra Partners, KPMG India, Mr. S. Sakthimani, Director organisations need to leverage (Finance), CCI and Member, SCOPE Executive Board during the Webinar. these disruptions as future will be increasingly digital. To offer a strong urge to the corporate competitive. He highlighted three an insight in the same, SCOPE sector to make optimal use of this focus areas for PSEs in order to organised a Webinar on ‘Digital clear and present opportunity make most of the available Transformation in COVID-19' to emerge stronger and skilled opportunity – skilling, digital on 7th August, 2020. The Webinar digitally. infrastructure and digitally en- was addressed by Prof. Ashutosh abled systems. Sharma, Secretary, Department Mr. Vaidya appreciated SCOPE of Science & Technology (DST), for organising the webinar on KPMG team gave a presentation Mr. S. M. Vaidya, Chairman, digital transformation. While on Digital integration in organ- IOCL, Mr. Atul Sobti, DG, SCOPE, emphasizing on the need of isations during COVID and how Mr. S. Sakthimani, Director (Fina- digital transformation, he also it has brought new opportunities nce), CCI, Mr. Sushant Rabra and briefed how IOCL leveraged and innovative technologies at Mr. Manas Majumdar, both part- technology for both business and the threshold of all organisations. ners in KPMG India. The Webinar employees. They also highlighted how digital was attended by over 2300 par- can be utilised for value realisa- ticipants including senior official Mr. Atul Sobti DG, SCOPE tion for organisations. from Public Sector Enterprises speaking about the digital jour- (PSEs) through SCOPE’s various ney stated that digital technol- While giving closing remarks, platforms. ogy has broadened the horizon Mr.Sakthimani,Director(Finance) of business in the times of cri- CCI and Member, SCOPE Exe- Prof. Ashutosh Sharma in his ad- sis. DG, SCOPE said that digi- cutive Board reiterated the dress stated that the present era tal shall be the key even in post fact that digital transformation is of Industry 4.0 based on con- COVID times and hence the same is the need of the hour and hence trol of data, knowledge and wis- needs to be leveraged by PSEs all corporate should join hands to dom and hence whoever is able in order to be globally maximise this opportunity. to generate, control and build on data/ information shall succeed. He stated that it is imperative for organisations to assess their digital maturity and also where they want to reach so as to make most of the available opportunity to leverage digital tools. He also said that PSEs are strong pillars of the Indian economy and hence need to take advantage of latest technology, upskill and integrate business with emerging technolo- gies so as to enlarge scope of or- ganisations. Secretary, DST made Kaleidoscope September, 2020 9

SCOPE News SCOPE celebrates 74th Independence Day Balloon hoisted at SCOPE Building at Lodhi Road as a mark of celebration of Independence Day. 74th Independence Day was As the national anthem was celebrated virtually for the played during the virtual meet, first time in SCOPE. Paying employees were briefed about the tribute to the sacrifice of those various initiatives and accom- who dedicated their lives to the plishments of SCOPE and were freedom struggle, DG, SCOPE advised to maintain their work addressed employees while reit- momentum. DG, SCOPE stated erating the role of Public Sector that it was a proud moment for Enterprises as key drivers of so- SCOPE as its latest venture of cio economic transformation in Compendium on PSEs Initiatives the country and assuring that during COVID 19 pandemic has SCOPE will continue to accen- received the Messages from the tuate the work done by PSEs on Hon’ble President, Vice President various platforms. As part of the and Prime Minister and other celebrations Tricolour balloons dignitaries. Balloon hoisted at SCOPE Minar, Laxmi The core sentiment of the meet- Nagar. ing was instilling a ‘Sense of ownership for the organisation’ were hoisted on both buildings amongst employees. Employees of SCOPE Complex and SCOPE were inspired to work as a team Minar, Laxmi Nagar. towards rebuilding SCOPE and its image. All employees were motivated to commit themselves to the nation and their organisa- tion whilst being safe and tak- ing care of themselves and their families. 10 KaleidOscope September, 2020

SCOPE News DG, SCOPE delivers Keynote address at Deloitte & SAP Webinar Mr. Atul Sobti, DG, SCOPE delivering the Keynote address during the webinar. how PSEs are leveraging technol- ogy to deliver world class learn- Mr. Atul Sobti, Director The webinar discussed the fu- ing experience and what Future General, SCOPE de- ture of learning in organisations of learning looks like in PSEs. livered the Keynote with the sudden spike in digitali- Speaking about the same, he Address at SHRM, Deloitte and zation and companies seeking to drew attention to three aspects SAP Webinar titled 'Accelerating improve their digital experience. of technology and systems that The Future of Learning: Virtual need to be developed in PSEs, IT Industry' on 18th August 2020. DG, SCOPE while giving the infrastructure needed to make Distinguished panellists from var- keynote address in the webinar PSEs digitally equipped, under- ious PSUs and Consulting organi- spoke about ‘PSEs Journey to standing the prevalent skill gaps zations addressed the Webinar. digitalize learning’ encapsulating and needs of employees to truly integrate digitalization in day to day working. He added that acknowledging the new normal, SCOPE initi- ated a series of Webinar which were highly acclaimed. He also enunciated the role of SCOPE in capacity building of PSE frater- nity and making them globally competitive. Interface with Stakeholders Special feature titled 'Corporate Health During COVID-19' featuring DG, SCOPE and Globally acclaimed medical ex- perts from USA and India was telecast on Tatasky Famhealth channel recently. DG, SCOPE spoke about the significance of Public Sector Enterprises and highlighted the role of SCOPE. The program also consisted highlights of SCOPE's Webinar titled 'International Health Webinar on Enhancing Corporate Health during Corona crisis' held with Dr. H. K. Chopra, President World Wellness Foundation & Chief Consultant Cardiologist, Moolchand Medcity Hospital and Ms. Mona Jauhar, Chief Nutritionist & Founder President, Mechanism Wellness, New York. * Recording of SCOPE & TATASKY Special feature is available on SCOPE's website: www.scopeonline.in

SCOPE News “Digital Transformation in Covid-19” 7th August, 2020 Comments / Feedback Received from Cpses Recording of SCOPE Webinars are available on SCOPE's Website www.scopeonline.in Sir Webinar was very beneficial. Congratulations to everyone in SCOPE and PSU fraternity. Dear Mr. Sobti, Nice seeing and hearing you after a long time in the webinar Very Good and great service SCOPE is doing in on Digital Transformation. The program this situation. Great. was very good and informative. Stay safe. The mesmerizing address by Secretary, Science The webinar on the subject matter on Digital & Technology; Mr Sushanth, Mr Manas, with Mr Transformation in COVID-19 is excellent. The Sobti DG SCOPE, is excellent, and opportunity content and explanations by all the team for us to realise the need of the hour. Thanks. members were really outstanding. Excellent Session Thank you SCOPE It was a pleasure and privilege for me to attend the above well-designed, well-conducted, well- Excellent session Sir by Team SCOPE. attended Webinar. Grateful Thanks. Enjoyed the Seminar. Compliments. It was indeed a knowledge sharing platform and I convey my thanks to SCOPE and all the One of the best seminars. dignitaries who shared their views. I hope more such programmes will be organized in future. It was 'very' interesting topic and lot of Wonderful. Need to thank SCOPE Team takeaways from the session. led by Mr. Atul Sobti, DG, SCOPE from the core of my heart. The webinar was excellent and very informative. Excellent It was an excellent learning & very Very insightful webinar. Thanks for organizing. informative. Congratulations to SCOPE Excellent session for organizing such webinars. Wonderful program. Excellent Webinar. Thanks a lot. Very informative. Looking forward to the webinar. Session was really good. 12 KaleidOscope September, 2020

SCOPE in Media Kaleidoscope September, 2020 13



Interview Role of PSEs in Climate Change Mitigation: Mr. Atul Sobti, DG, SCOPE's Interview Public Sector Enterprises shall continue to play a key role in forwarding the commitments of the Indian Government towards climate change mitigation Atul Sobti Interview with Mr. Atul Sobti, Director General of Standing DG, SCOPE Conference of Public Enterprises (SCOPE), an apex body of the Public Sector Enterprises (PSEs) of India. Due to the Corona pandemic the interview was conducted in writing by Swati Ganeshan, TERI. India is one of the few countries that is on track towards fulfilling its commitments. To keep it on track, the role of say PSEs is significant. So, how is SCOPE planning to contribute to this progress? And please give a brief overview of these programmes? Public Sector Enterprises (PSEs) in India have a significant role in moulding the country’s socio- economic landscape. They have been contributing immensely in fulfilling the objectives to take the country on a growth trajectory. Contributing almost 13% to the Indian GDP (in terms of turnover), PSEs have vital presence in strategic sectors including Power generation, Coal, Oil & Gas. Though many PSEs pre-dominantly operate in sectors where carbon emissions are inherent, consistent efforts are being made by them to reduce the emissions by adopting non-conventional sources to replace fossil fuels wherever possible, moving towards automation, firming up volun- tary emission targets, developing low carbon emission products etc. Many such steps are being undertaken by Indian PSEs to commit to climate change mitigation. The Standing Conference of Public Enterprises (SCOPE), an apex body of Indian PSEs, is dedi- cated to promoting global competitiveness and create a conducive policy environment for PSEs through policy advocacy and capacity building programs that facilitate efficient and effective functioning of PSEs. The apex organization is also committed to climate change mitigation by creating awareness, building capacities and fostering collaborations across the world in order to ensure positive effect on climate change. For this purpose, SCOPE entered into a Memorandum of Understanding (MoU) with GIZ, Germany, for the purpose of utilizing capabilities together on activities for building capacities of PSEs on climate change, SDGs, carbon markets and cli- mate finance. SCOPE and GIZ have successfully completed an awareness program in December 2019 which was participated by strategic players from the power sector, logistics, transporta- tion, oil, gas and steel. Further, we also organized a Webinar on impact of COVID on Climate Change recently so to as give insights into sustainability initiatives during the pandemic. We are in the process of identifying sector specific issues and concerns related to climate change for which SCOPE and GIZ shall undertake more capacity building programs. In addition, SCOPE is * Interview of DG, SCOPE on “Climate Change “ was recently published in an international journal - IKI India & Climate Policy Newsletter. This journal is published for BMU and IKI project partners. International Climate Initiative (IKI) is an instrument of the German Federal Ministry responsible for international financing of climate change mitigation and biodiversity. BMU is the Federal Ministry for Environment, Nature Conservation and Nuclear Safety, Germany.

Interview working closely with the PSEs in relation to climate change mitigation and emissions reduction. For this purpose, in the coming months, SCOPE and GIZ shall be undertaking a capacity assess- ment exercise for the PSEs to identify areas of focus for training. I can say in the affirmative that PSEs shall continue to play a key role in forwarding the commit- ments of the Indian Government towards climate change mitigation and SCOPE shall assist the PSEs in whatever way possible to achieve this purpose. Which are the PSEs that are undertaking major sustainability initiatives and what is their current progress and achievement? Well, PSEs as a fraternity are working towards achieving carbon emission targets. I would not like to take names but rather to talk about it sectoral. In the power sector, PSEs are actively engaged in adopting non-conventional sources of power generation. Further, SOEs (State owned enterprises in global parlance) are actively expanding capacities of renewable power plants. Recently, power generation through solar has been given renewed impetus, as a result significant capacities have been added by PSEs in Solar Power. Also, PSEs in the field of power generation are focussing on expanding grid storage capacities for renewable sources. Alongside, PSEs have been spearhead- ing schemes of the government to reduce power consumption by adopting efficient technologies like LED bulbs. On the coal front, while power companies are trying to reduce coal dependency, a consortium of PSEs is developing highly efficient Advanced Ultra Super Critical Technology for emission reduction. Since India has large coal deposits, PSEs are working on alternative uses of coal like 'Coal gasification', 'Coal to methanol', 'Coal to fertilizers'. Besides, the logistics and transportation sector has been actively working on replacing petrol and diesel vehicles with CNG and electrical vehicles. Indian Railways is committed to 100% elec- trification by the year 2024 and innovative ways are being developed to electrify railways, one being setting of Solar Plants along railway tracks. Further, emission reduction projects are being rampantly used to contribute to climate change mitigation. Regenerative braking systems are replacing the old braking system in mass transportation systems to reduce carbon emissions by over 30%. In addition, besides setting low emission targets by many oil and gas companies, they are also exploring ways to develop low carbon products. Oil companies are working on promoting bio gas plants while ensuring flare gas recovery systems for reducing flaring and fuel consumption. In order to reflect intent and commitment, PSEs have adapted an Environmental Policy Statement at a strategy level to address climate change with inclusive growth of the company. What is SCOPEs’ assessment on the need for capacity building and how will it aid Indian PSE to fill this gap? SCOPE works with a vision to enable PSEs to be globally competitive in a market driven environ- ment by facilitating and strengthening their effective and sustained engagement with stakehold- ers. Capacity building forms an essential element in this sphere. While SCOPE undertakes an array of subjects to enhance skills and engage in knowledge sharing with PSEs, recently in line with the global benchmarks and India’s commitment to climate change mitigation, we have also engaged actively in climate change mitigation efforts of PSEs. While we believe that PSEs are equipped to develop alternatives and also engage in research and development activities, it is always better if a more structured approach is adopted. Hence, we 16 KaleidOscope September, 2020

Interview feel that a more formal assessment of areas where PSEs can work towards climate mitigation is required. This would help in evaluating areas where carbon emission reduction can be achieved and going a step further develop a platform for exchange and experience sharing amongst PSEs to share and implement best practices. As discussed earlier, SCOPE and GIZ shall also engage in training needs assessment of PSEs basis the capacity gap assessment. Through this we intend to handhold the PSEs in developing processes and aligning the corporate strategies with climate change goal. With time we also hope to foster collaborations amongst PSEs and other stakehold- ers to achieve climate change mitigation without compromising on commercial prudence. What are SCOPEs’ plans to leverage its international linkages for enhancing its sustainability measures? SCOPE believes in moving beyond boundaries to provide a competitive edge for PSEs. This is all the more true in the present dynamics because the world is a global village and containing oneself within boundaries would not give a fair advantage to anyone. At present, all international organisations are focussed towards saving the planet and working towards this common agenda. The need for global benchmarking is all the more relevant now as PSEs are also expanding their horizons and making a global footprint. SCOPE is certainly open to leveraging its international linkages for ensuring climate change mitigation wherever required and necessary. In line with this, SCOPE has launched a series of sustainable efforts with its knowledge partner GIZ to for- ward the efforts of PSEs towards climate change mitigation in a concerted way. Early this year, I was invited to a workshop organised by the Center on Global Energy Policy Forum of Columbia University in New York. This gave me an opportunity to share views and the work of Indian PSEs with respect to climate change in a global forum. During the interactions, we agreed on engaging Indian PSEs at global level for benchmarking and capacity building to adopt to new technology for climate change mitigation. How is SCOPE going to contribute in the recovery and stimulus packages? How are the recovery measures being aligned to sustainability initiatives? The pandemic has posed a new challenge to the world economy. PSEs being an integral part of the Indian economy have been supplementing the efforts of the Government and contributing on all fronts be it medical facilities, social well-being or monetary contributions to PM Relief Fund. SCOPE has also been making efforts to contribute to support the needy during such a challeng- ing time. Our employees have contributed a one day salary to the Prime Minister's CARES Fund. Besides, we are continuing with our capacity building initiatives through digital medium which have been well received across the country. We are continuously interfacing with the Government and appropriate departments on policy issues in the economy while focussing on interacting on PSEs and their concerns. The underlying tone of the recovery measures is ‘Self-Reliance’ or ‘Atmanirbhar Bharat’. This is an opportunity for India in the present adverse situation and will ensure constructive measures with respect to employment generation, entrepreneurship, developing the country into a manu- facturing hub and penetrating health facilities. All this will ensure achieving of SDGs, of eradicat- ing poverty, no hunger, good health and well-being, reduced inequalities, growing industry in- novation and infrastructure, to name a few. So, the relief measures aim at meeting two objectives with a single mission of a resilient and self-reliant India. As PSEs will continue to work towards making the country self-reliant, SCOPE will continue to focus on sustainable, inclusive and green growth. Kaleidoscope September, 2020 17

Indian Public Enterprises with Billions of The SCOPE-GIZ event was inaugurated by Additional Tonnes of CO2 Emissions Willing to Act on Secretary, Ministry of Environment Forest and Climate Climate Change Change (MoEFCC), Mr. Ravi Shankar Prasad, who underlined that engaging with PSEs can galvanise actions for meeting the goals on Climate. With view to international climate negotiations, Mr. Prasad highlighted that independent analysis shows that it was the developing countries who are taking more action than the developed countries as the latter are not meeting their commitments, including that under the Kyoto Protocol. A closer look at India shows that climate action is indeed being enhanced beyond the national NDC targets – for instance The Climate and Environment Cluster of GIZ India has Photo: GIZ India signed a Memorandum of Understanding (MoU) with the Standing Conference of Public Enterprises (SCOPE). the increase in the target for renewables from 175 GW to A particular valuable signature is that of SCOPE member 450 GW as well as commitments under the Bonn Challenge Coal India Limited, as this public company alone produced announced to increase from 21 million hectares to 26 million approximately 86 % of India’s CO2 emissions in 2017. Now, hectares mha. Additional Secretary, Prasad added that the SCOPE members are willing to act and agreed with the BMU State Action Plans on Climate Change are currently being Global Carbon Markets project to build capacities on Climate aligned with the national NDCs. Change, Carbon Markets, Carbon Pricing and Climate Finance. The SCOPE and GIZ India event had sessions on Indian - By Kundan Burnwal Climate Policy and international negotiations; Low carbon GIZ India Climate and Environment Cluster growth and decarbonization of key sectors; Climate Resilient Infrastructure and Supply Chains; Carbon Pricing and Carbon India is one amongst the few G-20 countries whose climate Finance in Indian Industry; Role of Indian Public Sector in actions are in line to achieve its NDC targets. For this, it is achieving SDGs; and accelerating mobilisation of climate crucial that the capacities of Private and Public Enterprises finance in India. Mr. Atul Sobti, Director General, SCOPE and to tackle climate change are enhanced. In particular, Public Mr. Ashish Chaturvedi, Director, Climate Change, GIZ India Sector Enterprises are of strategic importance for the Indian shared the proposed plan of action as a follow up to the economy as they have contributed to capital formation, event: employment generation (about 1.7 million people), balanced regional development, promotion of research and they • GIZ and SCOPE will develop an online and offline platform represent a very high proportion of India’s CO2 eq emissions for experience sharing and foster collaboration and of 2.3 billion tonnes in 2018. A milestone was achieved, partnerships amongst PSEs and other stakeholders. when SCOPE and GIZ India entered into a Memorandum of Understanding (MoU) in October 2019 to build capacities • Champions among PSEs for Climate Change and SDGs will of Public Sector Enterprises on climate change, SDG be identified to develop a network for knowledge sharing. implementation, carbon markets and climate finance. The champions would be involved in a regular basis for This initiative is part of the BMU funded ‘Global Carbon the ongoing capacity building efforts of SCOPE and would Market’ (GCM) Project. To start action, SCOPE and GIZ India also be supported to develop master trainers for future jointly organised an event on ‘Climate Change Mitigation & programmes on climate change and SDGs. Adaptation and Sustainable Development Goals – Emerging Role of Public Sector Enterprises (PSEs)’ in December 2019 • SCOPE and GIZ will conduct training needs assessment of in New Delhi. The participating Indian PSEs included several the PSEs to develop training manuals on climate change, which are rated by Thomson Reuters in the list of top 100 carbon pricing, carbon markets etc. followed by joint global businesses with highest CO2 emissions, among national and regional events on climate change and SDGs. them Coal India Limited, NTPC Limited and Oil & Natural Gas Corporation. In addition, big players like GAIL (India) • The key insights from the training manuals developed Limited, Steel Authority India Limited (SAIL), Nuclear Power for the PSEs will be integrated in ongoing and future Corporation joined the meeting. Concerning CO2 emissions, executives’ capacity building and training programs the state-owned company Coal India Limited tops the list offered by SCOPE; with 2.076 billion tonnes in 2017. • Selected PSUs will be supported in establishing climate After China, India is the world’s largest coal consumer meaning change strategies. Discussions on technological insights India could largely determine the global trajectory for coal from national and international experiences will be considering that coal has fuelled rapid growth in Indian organized to cater the needs of Indian PSUs. electricity sector. One estimate says that coal generated 76% of India’s electricity in 2017. 18 KaleidOscope September, 2020

ARTICLE Emergency Public Procurement - Capacity Enhancement for New Age Governance Hari Mohan Vijay Mittal Former DGOF and Dy. Director General Ordnance Factory Board Chairman Ordnance Factory Board “Public procurement under emergency situation is often a big challenge for the implement- ing agencies in the times of tremendous adversities and is thus a strategic imperative and a challenge which must be overcome. The article analyses the scenario based on first hand field experience of the authors and explores the opportunities and alternatives that can ra- tionalize and transform the existing provisions to a robust procurement system that could be enacted in least possible time and in a manner that it can withstand the public scrutiny once the emergency is over.” Background - Need for often referred to as emergency or critical function in the nec- improvement public procurement. Emergency essary timeframe: for example, situations can include: the destruction of critical elec- Public procurement is a funda- tion supplies immediately prior mental, crucial component of • Natural or manmade disas- to an election. democratic governance for sus- ters: such as earthquakes, cy- tainable development. Govern- clones, tsunamis, volcanic Every decade has few special ments around the world spend an eruptions, flooding, fires or events that define the decade. estimated US$ 9.5 trillion in pub- contamination. This decade is indeed the one lic contracts every year, which that belongs to COVID- 19 and in many developing countries • Failures of critical infra- would find place in history by the represents approximately 15-22 structure or equipment: such spread of this pandemic severely percent of GDP. India also falls as failure of a prison secu- distressing the whole world with in the same bracket. From build- rity system or critical hospital more than 26 million people al- ing roads and power stations, to infrastructure. ready suffering and the count is purchasing pharmaceuticals and still on. The pandemic as of now securing solid liquid waste man- • Critical health or environmen- is showing no signs of relief. The agement services, efficient use of tal emergencies: such as a pan- whole world is fighting the pan- public resources contributes to demic or food safety incident. demic to emerge out of it. India better delivery of services. is also fighting the battle against • Political emergencies: such as a COVID- 19 in a prolific manner An ‘emergency’ is a sudden un- war, coup, or civil insurrection. for saving the humanity needing foreseen event. It can result in in- a lot of procurement measures jury, loss of life or critical damage • Critical security emergencies: through emergency route espe- to property or infrastructure. The such as a terrorist attack, seri- cially the lifesaving medicines procurement flexibilities that are ous crime or major cyber secu- and equipments. Defence expen- exercised by implementing agen- rity emergency. diture obviously is also one cies in an emergency situation are • Other unanticipated events that make it impossible for an agency to perform a statutory Kaleidoscope September, 2020 19

ARTICLE important and most talked about The country is already on and can be expanded with time component of emergency pro- the right path through and experience. curement in war time. Defence the most powerful often need Emergency procure- procurement tool Key steps for public ment depending upon geo po- developed by the nation procurement in emergency litical situation and peace accords for public procurement i.e with neighbour countries like the Government –e- Market Some of the steps which shall present scenario on ‘LAC’. (GeM). prove as the key steps in any Standard Operating Procedure Countries are exposed to multi- discriminated against for any (SOP) dealing with emergency ple risks during emergencies, and reason. public procurement are : it is of vital importance that the authorities make appropriate use • Administration of resources: • Procurement planning: Must of the available public resources Efficient and Effective manage- include the minimum require- to mitigate, contain and recover ment of resources when they ments of identified goods/ from the adverse effects of such are needed. Such resources may works/services, cost estimate, events. Emergency situations do include the financial resources, and possible procurement provide opportunities for the inventory, human skills, pro- methods. manipulation of information and duction resources, or informa- can generate conditions that em- tion technology (IT) and natu- • Relaxed thresholds and strea- bolden the improper use of emer- ral resources. mlined procedures: is an es- gency funds and extraordinary sential tool for providing budgets. Situations may also be • Reporting: Information which streamlining and flexibility in fashioned theatrically wherein are useful to find the facts or to emergency procurement. emergency procurements are re- assist in decision making or re- sorted to as a result of indecorous solving the problems. • Accelerated bid: minimum and planning over the previous years well defined time periods for and the concerned authorities get • Ensure economic competi- submission of bids for early de- benefitted rather than reprimand- tion: So that the Government cision making. ed for their botch to plan. get the best possible prices, quantity, and quality of goods • Solicitation: through adver- Precautions for Regulatory and services through boost to tisement, notices, multi & so- framework innovation. cial media, including targeting identified suppliers. While making provisions for • MSME Participation: Appro- emergency powers specifically priate measures to ensure that • Eased guarantee requirements: required to be exercised due to micro, small and medium-sized Taking into consideration the any emergency situations like enterprises participate. immediate need of the goods the present one of pandemic and services. COVID, basic deterrents need • Monitoring of public expendi- to be ensured while utilizing the ture: Real-time monitoring and • Waiving bid and performance public fund in the best interest of audit of the application and security requirements: for bet- the State. Organizations like Tran- destination of resources. ter participation and competi- sparency International have also tive rates. stressed upon this aspect. Some • Balanced approach: Balance of the issues requiring atten- between processes and • Advance payments: for avoid- tion based on dealing with such regulations. ing financing cost on the bids. issues are: • Timelines and Instructions: • Facilitating participation of • Transparency and open data: Defined timelines of applicabil- MSEs and MSMEs: Appro- To ensure that everyone can ity & Clarity of instructions. priate measures to ensure that obtain data without being micro, small and medium-sized The list certainly is not exhaustive enterprises participate. • Simplification of Pre and Post Qualification criteria: for better participation. 20 KaleidOscope September, 2020

ARTICLE • Use of Positive Lists of iden- all perennial import items along inputs for manufacturing of tified suppliers: for best with timely formulation of rel- stores required during COVID-19 competition. evant standards and implementa- pandemic on ab-initio single ten- tion. ‘The priority should not be der. OFB also delegated Financial • Division of quantities based to invest in the hardware but in- Powers for Procurement of medi- on capacity and delivery vest and create software so as to cines & health care related goods schedules: for early deliveries effectively handle the situation in against ab-initio single tender through multiple resources. the time of need’. to its field units for Covid-19 pandemic. Ministry of Defence • Incentives for early deliveries: OFB & Emergency also resorted to specific emer- An incentive for better perfor- Procurement gency procurement powers for mance as well as better provi- Pandemic COVID applicable to sion of goods and services to OFB being an attached organisa- Services in addition to emergen- the affected masses. tion of Department of Defence cy powers for services based on Production, Ministry of Defence threat perception and deficiency OFB has first-hand experience has been working to deal with the of critical arms and ammunition. of many such situations be it a issues connected to emergency case of Chennai Floods in the procurement. OFB Procurement Capacity Enhancement for Dec 2015 or the recent example Manual 2018 has been aligned New Age Governance of COVID handled closely by with GFR-2017, MPG-2017, DPM- authors wherein OFB played a 2009, DPP-2016, CVC Guidelines, The country is already on the pivotal role in not only develop- CAG observations, other relevant right path through the most pow- ing self-sufficiency for produc- Govt. Notifications & Guidelines. erful procurement tool developed tion and testing of PPE kits but It also contains provisions that in by the nation for public procure- also did hand holding of Textile a case of emergency, any required ment i.e Government –e- Market industry through knowledge goods may be purchased from a (GeM). All ministries and field sharing acquired by OFB through particular source (STE), subject to offices have started incrementally SIDM and CII. Thus, there is a the reason for such decision be- resorting to e-proc systems which need to document learnings from ing recorded and approval of the ensure best of transparency and the past experiences and imple- competent authority. integrity of the process followed mentation. Self- reliance obvi- with auditing provisions as per ously is the key to handle disas- To deal with COVID -19 and sup- international standards. What ter situations and preparedness. port the nation, OFB enhanced needs to be done is preparation Another key step for minimizing the financial powers at least of National Directory of Vendors procurement under emergency is four times for General Managers for various category items and to have an indigenization plan for of the various units to procure strengthening of GeM for COTS items. Tool kit of emergency pro- curement for various product and services required during clas- sified emergencies like Natural Disasters, Pandemic situations and War emergency etc. covering disaster, relief and post disaster requirements need to be made readily available enabled by a trigger mechanism for invok- ing the emergency procedures. Such measures shall go a long way in capacity enhancement and preparedness of the nation to withstand emergency situations efficiently. Kaleidoscope September, 2020 21

ARTICLE Balancing Skills on the Board of Directors Inderpal Singh Former Company Secretary BHEL Albert Einstein had said Balanced Board skills: business environment, the board that “the significant Pivotal to success of of directors should have a bal- problems we face today companies anced mix of skill-sets, compe- cannot be solved with the same tence and expertise to steer the level of thinking we were at The Board is the highest decision- company towards success. when we created them.” Last making body in the company few years have witnessed sig- management and consists of a Relevance of Skill assessment nificant developments in the set of leaders (directors) which for Performance Evaluation and business and economic environ- sets the vision of the company, Succession Planning: Performa- ment in India viz., rapid pace of designs a strategy to deliver it nce evaluation of board and its globalization, increase in scale and guide & directs executive directors and proper succession and complexity of business op- management to achieve the de- planning for appointment of erations, rise in foreign invest- sired performance goals. To this Board members are critical for ments, more enlightened invest- end, the Board must ensure that it promoting good governance and ment community and frequent possesses necessary mix of skills, long-term success of the orga- regulatory changes to cope up experience and expertise to func- nization. Listing Regulations as with the demands of enhancing tion effectively and efficiently. well as Companies Act mandates the standards of corporate gover- performance evaluation of board nance due to these developments. Protection of Investors funds & directors and formation of a These changes also demand high- and Value creation: In January, Nomination and Remuneration er quality of governance from 2020, India ranked tenth largest Committee (NRC) in this re- the Board of Directors of Indian World Stock Market with a mar- gard. Further, Regulation 17 (4) Companies to promote rights ket capitalization of over $ 2 tril- requires the board of directors of shareholders, ensure long lion. Considering the objective of to satisfy itself that plans are in term value creation and to fulfil value creation for shareholders, place for orderly succession for statutory duties. protection of funds of banks, fi- appointment to the board of di- nancial institutions & other credi- rectors. However, while carrying tors and the complex & dynamic * Mr. Inderpal Singh is an Associate Member of the Institute of Company Secretaries as well as Institute of Cost Accountants of India. Disclaimer The Views expressed in the article are those of the author and do not necessarily reflect the opinion of the company or any other Govt. agency. 22 KaleidOscope September, 2020

ARTICLE out performance evaluation of di- Desired Skills for Board of or companies. Skills required on rectors, a well-established system Directors the board of a company is af- of identification and assessment fected by a number of factors as of skill-sets of board/ directors The Board of Directors as a col- given below and each board has is of utmost importance, as it re- lective body should have com- to identify and asses its own skill/ veals the individual & collec- plementary skills/ competencies competency requirements. tive skill gaps and paves way for appropriate to the type of busi- maximizing board performance ness/industry so that it can make - Nature and scale of operations by enhancement of required timely and informed decisions. of company: Manufacturing or skills. Such skill assessment ex- Broadly the skill-sets or compe- service, whether Government ercise is also pre-requisite for suc- tencies required by the board can company, Sec 8 company; com- cession planning to identify and be categorized as under: plexity of business etc. develop/source suitable potential board members so that continuity • Industry Knowledge/ Experie- - Nature of industry and busi- in the board can be maintained nce: Industry knowledge and ness environmental challenges. and board should have opti- Experience/Understanding of mum set of skills, competencies applicable laws, regulations, - Size & composition of board, and expertise at all times. It also policies/Research & Develop- number/type of Committees. helps to ensure a transparent and ment and Innovation/Global robust process of appointment of business practices/Governance - Extant of delegation to execu- directors. structure. tive management and their capabilities. Statutory requirements to dis- • Strategic expertise/ Governa- close Board Skills: As per SEBI nce: Decision Making & - Current financial/market posi- (LODR) Regulations, 2015, all Leadership skills/Future pro- tion of the company with fu- listed companies are required spective - vision/ Strategic ture prospects, key issues being to disclose in the Corporate Orientation/ Value creation/ faced by the company currently. Governance Section of their Corporate Governance - Board Annual Report the list of core procedures/ Sustainability. - International Operations spre- skills, expertise or competencies ad and complexity. as required by the board of di- • Technical/Professional skills: rectors to function effectively, in Accounting & Financial Mana- - Major stakeholders in the the context of its business/sector, gement/ Operational experi- company. and those actually available with ence and expertise/ Human the board including the names of Resource/ Marketing/ IT skills Skill requirements of directors who have such skills or and understanding IT require- Directors under SEBI expertise. ments of company. LODR Regulations (Listing Regulations), 2015 and It is expected that this disclosure • Personal skills/ behavioral Companies Act, 2013 would help the shareholders to competencies: Independent ju- analyse and understand diverse dgement/ Integrity and Ethics/ Regulation 36(3) of Listing skill-sets required by the board to Team spirit/ Inter-personal re- Regulations provides that in provide comprehensive guidance lationship/Curiosity and cour- case of the appointment/re- and direction to the company, age/ Instinct/ Mentor and active appointment of a director, the critical for its success vis-a-vis the contributor. shareholders must be provided actual skills/competencies pos- with a brief resume of the direc- sessed by individual directors • Other Skills: Risk Management tor and nature of his expertise in and by board as a whole. This and oversight skills/ Crisis re- specific functional area. Rule 5 would also make a director spe- sponse/Communication ski- of the Companies (Appointment cifically responsible in the area of lls/ culture building/ Merger and Qualification of Directors) his/her expertise. and Acquisition/Stakeholder Rules states that an independent relationship. director shall possess appropriate skills, experience and knowledge However, there is no universal list in one or more fields of finance, of skills applicable for all boards law, management, sales, market- ing, administration, research, Kaleidoscope September, 2020 23

ARTICLE corporate governance, technical setting out the skills/expertise/ laid-down process and as such operations or other disciplines competence of the board of direc- the board of the company by itself related to the company’s busi- tors specifying: does not identify any such core ness. Regulation 18 of the Listing skills, expertise or competence. Regulations mandates that all • the list of core skills/expertise/ members of audit committee shall competencies identified by the It appears that being the first year be financially literate and at least board of directors as required of disclosure, the focus of most one member shall have account- in the context of its business(es) companies was to somehow sat- ing or related financial manage- and sector(s) for it to function isfy the disclosure requirements ment expertise. effectively and those actually rather than making a full-fledged available with the board (w.e.f. system of skill/expertise/compe- Under Schedule IV of Companies FY ending 31.3.2019); and tency assessment of board and Act, 2013, it is the duty of inde- directors. pendent directors to undertake • the names of directors who appropriate induction and regu- have such skills/ expertise/ Suggestive measures with larly update and refresh their competence (w.e.f. FY ending illustrations skills, knowledge and familiar- 31.3.2020). ity with the company. As per re- Considering the absolute impor- cent amendments to Companies Disclosures by companies tance of Board Skills in guiding (Appointment and Qualification with regard to skill/ the company towards value cre- of Directors) Rules, 2014 and competencies/expertise ation for shareholders in today’s Companies (Accounts) Rules, complex and dynamic business 2014, Board’s report shall contain The concept of Directors Skill/ environment, and statutory re- a statement regarding opinion Competency assessment and quirements to disclose list of of the Board with regard to in- its disclosure to shareholders core skills of board of directors, tegrity, expertise and experience is at a nascent stage in India. following suggestions are made (including the proficiency) of the Consequent upon SEBI require- with regard to creating a system independent directors appointed ment of disclosing a matrix setting of skill assessment for effective during the year and independent out the core skills/expertise/com- functioning of board: directors are required to pass an petence of the board of directors online proficiency self-assess- w.e.f. FY ending 31.3.2019, there Establishment of Director's ment test conducted by IICA. are broadly general disclosure Skill/competency/expertise by the companies with regard Assessment Framework The Kotak Committee on Corpo- to Board Skills in the first year. rate Governance (constituted by Many companies listed few gen- The following steps may be taken SEBI) acknowledged that given eral skills/competencies and stat- to establish a robust framework the collective responsibility and ed that these skills/competencies of director's skill/ competency the need for the board to make are available with directors. Some assessment: informed business judgement, companies simply disclosed the a balanced wholesome board skills which should be available • The first step is to identify with complementary skill-sets with the board without specifi- overall skills/ competencies/ amongst the directors is impera- cally commenting on which skills expertise needed by board in tive. A group of individuals with are currently available with di- context of concerned organiza- varied skill-sets and experience is rectors whereas some only com- tion by NRC/ Board taking into critical for providing comprehen- mented about the skills currently account the nature & size of sive guidance and direction to a available with the board for effec- company/ industry, complexity company. SEBI, based on recom- tive functioning of the company. & scale of operations, Board & mendations of the Committee, Committees structure, specific amended the Listing Regulation Many listed Central Public Sector financial & technical issues the (w.e.f. 1.4.2019) to provide that Enterprises (CPSEs) have dis- company is facing, capabilities corporate governance section of closed that being Government of executive management, cur- the annual report of listed entities Companies, all directors on their rent business & economic envi- shall contain a chart or a matrix board are selected and appoint- ronment and future projections ed by Government as per a well & requirements. 24 KaleidOscope September, 2020

ARTICLE • The next step is defining each skill/competency in simple and unam- competencies on other) will be biguous terms, describing in key phrases as to what essentially con- prepared. This will help the stitute the skill/competency. One such illustration is given below: Board/NRC to make an objec- tive assessment of overall level Strategic Orientation/Expertise of skill/competency actually available with the company and • Ability to be future oriented, have long term view to have assessment of strategic arrive at a conclusion whether choices available while keeping focus on objectives of the company a particular skill/competency is possessed by the board/di- • Ability to devise and evaluate business strategies taking into account strengths and rectors at the desired level or weakness to have competitive advantage not. For example, the board (8 members) may identify that in • Ability/experience of directing management in uncertain times and to take timely order to achieve desired level decisions in complex situations of skill/expertise in Financial Management/Accounting, 50% • Competency levels or assessment scales can then be assigned for (4 members) of the directors each skill/competency as illustrated below, so as to arrive at what is should have basic financial un- the desired level of a particular skill/competency to be possessed by derstanding and 25% (2 mem- Board: bers) should have advanced financial/accounts/audit exper- Level of Requirements/Attributes tise. This will also help in iden- Competency tifying gaps with regard to spe- Basic (1) • Basic knowledge & understanding of skill/competency cific skill/competencies and the • Some experience/training or exposure desired level to be achieved by Good (2) the board. • Sufficient knowledge & understanding of skill/competency Expert (3) • Relevant experience/formal training and exposure (No. of years) • Similar exercise needs to be • Contribution in Board discussion on concerned complex issues carried out for Board Level Committees to ensure that • Extensive knowledge & expert understanding of skill/ skill/competency requirements competency as per terms of reference of a specific Committee are ful- • Relevant experience/formal training and exposure (No. of years) filled. As, it will be difficult to • Provide superior idea, leading the discussion or significant conceive that Audit Committee (most important Board Level contribution in Board discussions Committee) can work effec- tively as per its scope if it does • The company should also director possess a particular not have required skills/compe- maintain database of each di- skill/ competency and at what tencies/expertise in the field of rector qualification, attributes, level. finance, accounts and under- experience (both professional standing of relevant regulatory as well as on board of other • The directors may also be asked requirements. Along with skill companies), skill/ competen- to carry out a self-evaluation requirements, time commit- cies & trainings undertaken with respect to identified skill/ ment, especially of non-exec- and keep on updating the same competencies rating themsel- utive directors is an important regularly. Besides skills and ex- ves on competency levels. A factor to be considered while pertise, this database will also questionnaire may be used for constituting committees. help to understand age, gen- this purpose which contains der, cultural and geographical questions with regard to under- Disclosure of Skill Matrix diversity on the board. standing/proficiency of direc- as per statutory requirements tor with regard to key aspects in letter and spirit Assessment of directors’ skills of each skill/competency. and preparing a matrix of The disclosure requirements of required versus actual skills/ • On the basis of information competencies/expertise on director's attributes against each identified skill and self- • On the basis of above informa- evaluation by directors, Board/ tion, director-wise attributes/ NRC will make its own judge- details may be plotted against ment and a Matrix of required each skills/ competencies/ ex- versus actual board skills pertise identified by the NRC/ (with individual directors on board indicating whether a one side and identified skills/ Kaleidoscope September, 2020 25

ARTICLE Listing Regulations with regard the context of its business/sector and not all directors should possess to matrix of core skills, expertise each of necessary skill/competency, which is also highly unlikely. or competencies as required by It is expected that all directors should possess some basic general the board of directors to function board skills to steer the company and specialized specific skills are effectively are very important distributed among directors depending upon their qualification, ex- for investors as it helps them to perience and expertise as illustrated below: analyze, understand and satisfy themselves about the diversity General Board Skills which may be Specific Board Skills based on of skills/expertise on the board possessed by all Directors competency/experience adequate enough to guide and supervise the company towards Industry knowledge/experience Technical/Operational Excellence success. As such: International Operations Strategic thinking/orientation Financial/Regulatory Expertise • Disclosure/matrix should be Advanced IT skills based on a well-established Basic finance/accounts understanding Merger & Acquisition skills system of skill/competency as- sessment exercise rather than Risk Management/oversight a half-hearted effort to som- ehow fulfill the disclosure Independent judgement/Ethics/ requirements. Team work • Some companies may be tempt- • Most of the companies, in the area of core board skills. It is ed to disclose that all their di- first year of disclosure have very likely that a genuine ex- rectors possess all the skills/ shown that all the skills iden- ercise in skill assessment will expertise/competencies identi- tified by the board are avail- reveal skills/competencies need fied by the board. It must be ap- able with directors and there to be strengthened to improve preciated that board as a whole is no gap in skill requirements. performance. must possess all the skill/exper- One has to be careful, as it is tise to function effectively in akin to saying that there is no • A disclosure format is given scope for improvement in the below for reference and better understanding: BOARD SKILL MATRIX SUMMARY (An Illustration) Skill/Expertise/Competency* Name of the Director Whether Board Skill is at desired level or Improvement Needed Industry knowledge/ experience A B CDE Strategic thinking/ Orientation/Governance     Required Financial Management/ Accounts /Audit     Board Skill is Expertise  Human Resources Management available Technical/Operational/Commercial Excellence  Risk Management/ Oversight/Compliances   Improvement Needed** International Operations/ Practices    Improvement Needed** Independent judgement/Ethics/ Team work R&D & Innovation  Advanced IT skills/ Cyber Security       *The definition of each skill/competency can be given in next column **The above format discloses that the company need to strengthen a) R&D and Innovation skills and b) Advanced IT/Cyber Security skills. 26 KaleidOscope September, 2020

ARTICLE Maintaining optimum level of Board Skills by filling the gaps succession planning and perfor- through training, skill updation and induction of directors mance evaluation. Specific gaps in skill/competencies on board and those of direc- It is suggested that for exist- tors identified through skill assessment framework need to be filled ing CPSEs, PESB/DPE or other through appropriate actions in the form of training, skill updation and government agency in associa- appointment of new directors with desired skill attributes. This will tion with Board of directors of ensure the board/directors possess the desired skill-set and these skills the listed CPSE and concerned are being properly utilized towards shortand long-term objectives of Administrative Ministry can the organization. carry out an exercise as to what skill/expertise/competencies are Periodic review of Skill/ competency assessment framework required by the board in the con- text of its business of concerned Not only the skill assessment exercise should be carried out regularly CPSE. For new CPSEs, such exer- but there should also be periodic review of Skill/ competency assess- cise can be carried out at the time ment framework so as to promptly address future skill-sets require- of initial categorization or list- ments due to fast changing business and economic conditions.For ex- ing of CPSE. This will also help ample, a company focusing on expanding business by exploring new to understand the composition/ export markets may decide that it needs a new director with global structure of board required by exposure having understanding of foreign markets and specialized the concerned CPSEs represent- skills in global busines practices, cultures & regulatory frameworks. ing required board skills vis-a- vis actual composition of board. Board’s Skills Assessment Exercise - Flowchart Besides ensuring a skilled board and good governance, this will 1.1 Establishment of Directors • Skill assessment for Board Level also ensure appointment of direc- Skill/ Competency/ Expertise Committees tors with required suitable skills Assessment Framework on the board of CPSEs. 1.3 Complying SEBI Disclosure • Identify overall skills/competencies/ To conclude, it would be proper expertise for board requirements to quote Gyan Nagpal, talent • Disclosure to be based on Skill strategist, that, 'We are entering • Defining each skill/competency a world, where the only legiti- • Assigning competency levels Assessment Exercise mate borders for work are skill • Preparing Database of Directors' • General versus specific Board Skills boundaries'. Current complex and dynamic business environ- attributes ment, substantial involvement of public money, objective of 1.2 Assessing Directors' Skills 1.4 Filling the gaps noticed during value creation for shareholders skill assessment exercise and role of supervising the man- • Plotting directors' attributes against through training, skill updation agement in implementation of idendified competencies and induction of directors long-term strategy, demand that the board of companies should • Self-evaluation by Directors w.r.t. 1.5 Periodic review of Skill/ have an appropriate skill-sets, identified skills competency assessment competence and expertise to framework fulfill their fiduciary and statu- • Preparing matrix of skills & Board/ tory duties. As such, companies NRC assessemnt of currently available should establish a framework of vis-a-vis required Board skills Director's Skill/ competency/ ex- pertise Assessment to ensure that Government Companies Public Enterprises (DPE), but issues in board’s skill-set should and skill assessment the importance of a diverse and be appropriately addressed. Su- exercise skilled Board of Directors for ch exercise of skill assessment is Government Companies can equally important for succession Though, it is right that the di- hardly be over-emphasized. rectors in CPSEs are selected by Further, Listed CPSEs are re- Contd to ...# 32 Government of India follow- quired to comply with the pro- ing a well laid-down process visions of disclosure of matrix by Public Enterprise Selection of core skills of board/directors, Board (PESB)/ Department of Kaleidoscope September, 2020 27

ARTICLE Business Leadership: Learning from the Great Ashutosh Kumar Senior Manager (Law) MMTC Leadership and Learning are indispensable to each other ..... John F. Kennedy Leaders are movers of peo- denouncing big business for establishing enterprises which ple, mobilizers of opinion. trying to run the country. On needed long periods of gestation Emperors rule, but leaders Tuesday he may be urged by mi- and involved considerable risk motivate. As Disraeli said, 'with nority group leaders to take over but by establishing scholarships words we govern men'. When and operate the public school sys- and technological institutions one does not have strength with- tem. On Wednesday a delegation which would educate scientists, in, one cannot earn respect and of enviornmentalists may seek to engineers and other technocrats respect is absolutely essential for close one of his major plants. On for generations to come. Talking lasting leadership. Hence, leaders Thursday community representa- about his leadership, JRD once never stop learning. Henry Ford tives may arrive to press for the explained: 'Jamsetji was a man once said, 'Anyone who stops creation of more jobs and train- of great intelligence, a man of learning is old, whether at twenty ing in the plant’s area. By Friday extraordinary vision. There are or eighty'....Leadership is a jour- he may speak in understandable some very intelligent people but ney of discovery. There are strate- desperation to his company’s they have no sense at all of the fu- gies to be gleaned; Mantras to be lawyers for help in dealing with ture. Jamsetji had that sense. His internalized and inspiration to be Monday, Tuesday, Wednesday vision of the future gave him a borrowed. and Thursday.' sense of what needed to be done for the country. And then he had Business leaders are pillars of In history, there are several busi- integrity. Not only money-related economy of any country. Their ness leaders who approach to- integrity. Jamsetji had integrity of journey towards top is always wards success is always learn- thought and mind. The final at- challenging and inspiring. It is ing for others. Beyond question tribute was his great humanity- rightly stated that one learns from among them, Jamsetji Tata was the way he thought about work- the experiences of others. Years the most important pioneer en- ers nobody in India or abroad ago, David Rockefeller, reflecting trepreneur of India. Jamsetji thought at that time.' on the challenges confronted by Tata, also known as 'One-Man any business leader, in a speech Planning Commission', as Pandit JRD Tata himself was one of the to the American Bar in 1972, had Jawaharlal Nehru called him, great business leaders which said: 'A typical executive may laid the foundation for India’s India has ever seen. Alfred be picked on Monday by a group industrial growth, not only by Sloan once said, 'What is good 28 KaleidOscope September, 2020

ARTICLE for General Motors is good for Leaders are movers of is left in better shape for them. America.' JRD thinks the other Fourthly, Leadership in business way round. 'What is good for people, mobilizers of is living by these ideals and lead- India is good for Tatas'. As a result ing by example. Fifthly, in to- of lack of university education, opinion. Emperors rule, day’s world the only constant is JRD had to rely on self-education. Change. Leaders must, therefore, He said, 'If I have any merit, it is but leaders motivate. As anticipate Change, drive it, make getting on with individuals ac- it acceptable to all stakeholders, cording to their ways and charac- Disraeli said, 'We govern and turn threats into opportuni- teristics. In fifty years I have dealt ties through their Vision and their with a hundred top directors and men by words.' When one Action. I got on with all of them. At times it involves suppressing yourself. does not have strength The man who made Telco was It is painful but necessary. To be Sumant Moolgaokar. In the coun- a leader you have to lead human within, one cannot earn try where the attitude of many being with affection.' Once while is to tolerate slipshod work say- responding to a Calcutta edu- respect and respect is ing chalta hai (it passes), he ex- cationist, JRD Tata summarized pected and obtained standards guiding principles which have absolutely essential for of excellence and precision and kindled his path and career as passed it down the line to manag- follows:- lasting leadership. Hence, ers, supervisors and workers. To Sumant Moolgaokar perfection • That nothing worthwhile is leaders never stop learning. was a goal, never quite reached ever achieved without deep but always sought after. He had thought and hard work; Henry Ford once said, an eye for the scarcest resource of all talent; and he could bring • That one must think for one- 'Anyone who stops learning out the best in his team. No one self and never accept at their worked under him: everyone face value slogans and catch is old, whether at twenty worked with him. He could mo- phrases to which, unfortunate- tivate the workforce to the pitch ly, our people are too easily or eighty'. Leadership is where they became emotionally susceptible; involved in the company they a journey of discovery. served. He could galvanize them • That one must forever strive for into action and make the job ex- excellence, or even perfection, There are strategies to be citing for each one of them. This in any task however small, and was the secret of his spectacular never be satisfied with the sec- gleaned; Mantras to be success in Telco. With him as the ond best; head of the organization, every internalized and inspiration worker was made to feel that he • That no success or achievement was not merely a cog in a big ma- in material terms is worthwhile to be borrowed. chine; he was not attending to a unless it serves the needs or forge or a furnace but was help- interests of the country and its of business leadership that he has ing to build and advance a great people and is achieved by fair believed in and tried to live by: industrial enterprise, to erect a and honest means; Firstly, the primary aim of indus- national monument. There is a try should not be to make money. belief in our country, he said, • That good human relations not The aim should be to serve cus- ‘that our culture and our char- only bring great personal re- tomers and other stakeholders acter cannot allow our people to wards but are essential to the the result would be make money. attain consistently high standards success of any enterprise. And pursuing excellence would and shoddiness and carelessness enable it to create even more is our God-given ways of life. But Dr. J J Irani, former Director, Tata wealth. Secondly, the wealth thus if with faith in them, you ask our Sons Ltd. & former Managing created should be made available Director of Tata Iron & Steel Co. for the benefit of the community Ltd. once outline five basic tenets and the Nation. Thirdly, in the creation of wealth, care must be taken to not only protect the en- vironment but enhance it so that this world, which, as they say, we have borrowed from our children, Kaleidoscope September, 2020 29

ARTICLE men for their best, they rise to a cause. Success can indiscrimi- your mark on the world, remem- belief in their work and create a nately reinforce all our prior ac- ber that, in the ultimate analysis, momentum towards improve- tions. Thirdly, as I think across a we are all mere temporary custo- ment. Often I have seen men who wide variety of settings in my life, dians of the wealth we generate, were considered ordinary, rise to I am struck by the incredible role whether it be financial, intellec- extraordinary heights. Do not ac- played by the interplay of chance tual, or emotional. The best use of cept second rate work; accept the events with intentional choices. all your wealth is to share it with best and ask for it; pursue it re- While the turning points them- those less fortunate. lentlessly and you will get it.' selves are indeed often fortuitous, how we respond to them is any- Defining her mantra for suc- Narayan Murthy, the co- founder thing but so. It is this very quality cess in business, Sudha Murthy, of Infosys came from lower mid- of how we respond systematical- Chairperson of the Infosys dle class family of teachers where ly to chance events that is crucial. Foundation once stated: tremendous focus was given on Fourthly, the mindset one works 'Compassion plays a bigger role education. He candidly admits with is also quite crucial. A fixed than position. It is the compas- that back in 1960’s, the odds of mindset creates a tendency to sion that a person shows towards his being in front of world would avoid challenges, to ignore useful others that makes him different. have been zero. Yet here he stands negative feedback and leads such One upmanship helps a person before the world! With every suc- people to plateau early and not to grow fast, but not necessarily cessive step, the odds kept chang- achieve their full potential. The successful. It is the compassion ing in his favor, and it is these latter view, a growth mindset, that makes you successful.' She life lessons that made all the dif- leads to a tendency to embrace accepted that there is nothing ference to become successful challenges, to learn from criti- wrong to be ambitious and make business leader: Firstly, it is less cism and such people reach ever money. 'It is important to be am- important, I believe, where you higher levels of achievement. bitious and creation of wealth- start. It is more important how Fifthly, I believe highest form of legally or ethically- is important and what you learn. If the qual- knowledge is self knowledge. too. But a part of the wealth ity of the learning is high, the de- Hence, this greater awareness should go back to society.' velopment gradient is steep, and, and knowledge of oneself is what given time, you can find your- ultimately helps develop a more Tarla Dalal rise to ‘recipe queen' self in a previously unattainable grounded belief in oneself, cour- began in 1974 with a book- not place…Secondly, learning from age, determination, and above hers. At the time, she was con- the experiences, however, can be all, humility, all qualities which ducting cooking classes in Pune. complicated. It can be much more enable one to wear one’s success One fine day, one of her students difficult to learn from success with dignity and grace. Sixthly, published a book that sold like than from failure. If we fail, we when, one day, you have made hotcakes. 'I was just a housewife think carefully about the precise and I could barely speak English. But I was a good cook,' recalls Dalal, who started with teach- ings six women. 'I did not know what dhana jeru (coriander and cumin seed powder) was called in English. And when I saw a book by someone else with my recipes, my husband convinced me to write my own. He took dictation from me and we con- stantly debated over the English names to the ingredients.' She released her first cookbook, The Pleasures of Vegetarian Cooking, in 1975- it took her 18 months to compile- and her classes became 30 KaleidOscope September, 2020

ARTICLE increasingly popular. Narrating business from his father M. S. motto that every hotelier, aspir- her secret behind success, she Oberoi and expanded the group ing student or hospitality profes- once stated, 'Ironically, I found in strategic locations across globe. sional should work and live by is the strength not in work but in Talking about his lessons, he once ‘Be the best in whatever you do’ taking time off.' She further stat- stated: 'During the course of my success will soon follow.' ed, 'Cooking is a science. A good life I learnt many valuable les- dish is about right proportions sons from my father, but the one When Jack Welch, assumed lead- and not who has made it.' lesson that helped me channelize ership of GE in 1981, it had a my career and the way I work was ninety-year history, the company Stating his lessons as business his saying, 'Do not always think stock traded at $4 per share, and leader, Azim Premji once stat- about wealth. Wealth will come, the company was worth about ed: The First thing I have learnt do the right things.' And I have $12 billion, eleventh best on the is that we must always begin tried to follow that 'I do not think stock market. It was a huge, di- with our strengths.... that can of personal wealth, and if you do verse, company that included 350 give us the energy to correct our the right things then everything strategic businesses. But Welch weaknesses;.... The second les- will turn out alright, expressed believed the company could be- son I have learnt is that a rupee Oberoi. 'People have often asked come better. Within a few months earned is of far more value than me 'what is your real strength in of taking over the company, he be- five are found..... In my own life, the company?' and I say 'people- gan what he called the hardware I have found that nothing gives they are our real asset'. 'The one revolution. It changed the entire as much satisfaction as earning, profile and focus of the company. our rewards.... The third lesson I As leadership is all Welch said, 'To the hundreds of have learnt is no one bats a hun- about Anticipation, businesses and product lines that dred every time. Life has many Communication, Motivation made up the company we ap- challenges. You win some and and Action, hence plied a single criterion: can they lose some. You must enjoy win- more than ever before, be number 1 or number 2 at what- ning.... And if you do encounter business leaders have to ever they do in the world market- failure along the way, treat it as be ahead of the curve in place? Of the 348 businesses or an equally natural phenom- anticipating threats and product lines that could not, we enon.... The fourth lesson I have opportunities. Winston closed some and divested oth- learnt is the importance of humil- Churchill once stated 'There ers. Their sale brought in almost ity. This brings me to the value is nothing wrong with $10 billion. We invested $18 bil- of gratitude.... It is important to change, it is in the right lion in the ones that remained first acknowledge what we have direction'. Dr. J. J. Irani and further strengthened them received.... Nothing in life is per- rightly observed that we with $17 billion worth of acquisi- manent.... The fifth lesson I have have to go global in every tions. What remained (in 1989), learnt is that we must always respect: in your ambitions, aside from a few relatively small strive for excellence. One way of in our commitment to supporting operations, are 14 achieving excellence is by looking business ethics, in our world-class businesses…all well at those better than ourselves.... corporate governance, positioned for the 90's….each one The sixth lesson I have learnt is in our benchmarks for either first or second in the world never give up in the face of ad- value creation, in our market in which it participates. versity. It comes on you suddenly communication practices In his book called 'Winning', he without warning.... Always keep in everything. also emphasized 'Before you are a in mind that it only the test of fire leader, success is all about grow- that makes fine steel.... The sev- ing yourself. When you become a enth lesson I have learnt is while leader, success is all about grow- you must be open to change, do ing others.' Welch’s strong lead- not compromise on your values. ership and ability to focus have 'Remember, those who win are paid incredible dividends mak- those who believe they can'. ing GE as one of the world’s most valuable and admired company. P.R.S Oberoi inherited the hotel Kaleidoscope September, 2020 31

ARTICLE Roberto Goizueta, the Chairman the American dream. He believed right- cleanliness, honesty, decen- and Chief Executive of the Coca- that in America, all things are cy, respect for other people, po- Cola Company is always regard- possible. He lived that dream. liteness, good manners, integrity- ed as one of the finest business And because of his extraordi- they will never be old-fashioned.’ leaders in the world. Making nary leadership skills, he helped Coca-Cola the best company in thousands of others realize their As leadership is all about the world was his lifelong quest. dreams as well.' Anticipation, Communication, In a speech delivered a few Motivation and Action, hence months before he died, he said: In the book ‘Developing the more than ever before, business 'A billion hours ago, human life Leader Within You’, John C. leaders have to be ahead of the appeared on Earth. A billion min- Maxwell states that a leader’s curve in anticipating threats and utes ago, Christianity emerged. history of successes and fail- opportunities. Winston Churchill A billion seconds ago, the Beatles ures makes a big difference in once stated 'There is nothing performed on ‘The Ed Sullivan his credibility. Steve Jobs once wrong with change, it is in the Show’. A billion Coca-Colas ago stated: 'Your work is going to fill right direction'. Dr. J. J. Irani was yesterday morning. And a large part of your life, and the rightly observed that we have to the question we are asking our- only way to be truly satisfied is go global in every respect: in your selves now is, ‘What must we do to do what you believe is great ambitions, in our commitment to to make a billion Coca-Colas ago work.' The old-fashioned busi- business ethics, in our corporate this morning?' With this leader- ness virtues like hard work still governance, in our benchmarks ship motto, the legacy left by is continue to be the sine qua non for value creation, in our com- incredible. When he took over of business leadership. As a wit munication practices-in every- Coca-Cola in 1981, the company’s said, luck is infatuated with ef- thing. The unforgettable lessons value was $4 billion. Under his fort. In Autobiography of Charles from business leaders who made leadership, it rose to $150 bil- Forte- the Italian immigrant who their imprints on the sand of time lion. That’s an increase in value set up his first milk bar in Regent will always inspire future lead- of more than 3,500 percent! Coca- Street, London, in May 1930, and ers to achieve glorious heights. Cola became the second most then went on to create one of the Longfellow once stated: valuable corporation in America, biggest catering companies in the ahead of the car makers, the oil world advice to his son, Rocco, “Lives of great men all remind us, companies, Microsoft, Wal-Mart, who accused him of being too and all the rest. Upon his death, old-fashioned is worth recalling: We can make our lives sublime, former President Jimmy Carter ‘Remember this’ he told his son observed 'Perhaps no other cor- angrily ‘five thousand years ago, And departing, leave behind us, porate leader in modern times what I am saying was right. In has so beautifully exemplified five thousand years’ time, what Footprints on the sands of time.” I am saying now will still be Contd from ...# 27 effectively. Specific gaps in skill/ framework is also necessary to competencies on board and those ensure that the board should con- planning and performance evalu- of directors identified through tinually have required skills & ation of directors which are cor- skill assessment exercise need to expertise and all directors make nerstone of good governance, be filled through proper training, quality contribution towards suc- and will also ensure true compli- skill updation and appointment of cess of organisation. ance with SEBI requirement of new directors. A periodic review disclosing core skills, expertise of skill/competency assessment or competencies as required by the Board of directors to function 32 KaleidOscope September, 2020

Tapping into the field ARTICLE of Consciousness for Healthy Heart: Dr. H. K. Chopra * A New Paradigm and A New Mantra While the mortality rate strategies at primordial, prima- for optimal Healthy Heart are from cardiovascular ry, secondary and tertiary level love, compassion, peace and har- disease (CVD) has to reduce the rising menace of mony” to make perfect choices decreased by 60% in Japan and heart disease in our country es- for healthy heart and beat CVD. Finland, 50% in USA, Canada pecially in young during COVID These sutras (Suture or stitch) are and Australia and 25% in Europe, pandemic. possible by regular practice of according to WHO projections, yoga, meditation and perfect life- there will be a significant rise The theme of World Heart style optimization, they connect in mortality from CVD by 2020 Day, this year is heart with the consciousness by in Indians. The female popula- network of nerves fibers of au- tion is under greater risk because • 'Use Your Heart' to 'Beat CVD' tonomic nervous system (Heart metabolic syndrome (a combi- (Cardiovascular Disease) in- Plexuses) which are chemically nation of medical disorders like cluding Heart attack and Brain mediated, nurtured with human obesity, high blood pressure, attack. values release natural opiates: etc) is more alarming amongst endorphins and serotonin which Indian women, according to the • 'Use your Heart' to 'Make preserve the endothelial func- recent data published, the prev- Perfect Choices' for a Healthy tions, thereby maintaining the alence of metabolic syndrome Heart for ourselves, our fami- patency of coronary arteries and is highest in India. ly, our community, our society, the harmonious friendly bio- our nation and the world'. chemical environment within the I believe that prevention of coro- blood vessel the heart thus re- nary artery disease must begin I firmly believe that “four sutras mains healthy. If kindness, com- at a young age before enormous passion, love, peace and harmony excess in faulty eating and drink- are missing with cynical behavior ing coupled with a sedentary life and hostility, then the heart is un- style harden the arteries of the dernourished, stressed and the heart by enhancing propensity of physiology changes to pathology. obesity, elevate blood pressure; Fear, jealousy, hatredness, anger, all of which establish the bedrock greed, lurking grief, vengeance, of heart disease. vindictiveness, bigotry, arroga- nce, greed, lust, ego and other 'World Heart Day' coined by negative emotions release jittery World Heart Federation is be- molecules (Chemicals) which ing celebrated on September 29th comprise of epinephrine, nor- every year all over the world to epinephrine and cortisol which enhance awareness about healthy heart and practice preventive Kaleidoscope September, 2020 33

ARTICLE produce coronary artery diseases, Energized healthy heart, It is our consciousness which alter the endothelial functions, ag- happiness, prosperity and perceives, conceives, constructs itate the platelets, oxidized Low success are expressions of and governs us at individual and Density Lipoproteins (LDL). They this field of consciousness. universal level to have healthy may enhance the tendency of a (Silence and infinite heart. We are all the expressions vulnerable plaque in the coronary love) Experience of this and projections of consciousness. artery to rupture, erode and ul- field on daily basis by Experience it on regular basis by cerate, thereby enhancing aggre- optimization of lifestyle meditation if you want to have a gation of platelets and thrombus through all the eight limbs healthy heart . formation thus leading to angina, of yoga including Yama, acute Coronary Syndrome, Heart (do's and don’ts), Niyama Most of us are “Busy, Busy & Attack, even sudden Cardiac (Self discipline), Asana Busy in earning money by faulty Death and Brain Attack. Just one (Postures), Pranayam lifestyle and losing health of the fit of anger or negative stress can (Breathing Exercise), heart and then, we are busy, busy produce a massive heart attack. Pratihara (Contemplation), & busy in losing that money and Dharna (Concentration) trying to earn the Health of the I am of the firm opinion that the Dhyana (Meditation), heart” It is gone. emotion of love, compassion, Samadhi (Transcendence). peace and harmony are the most Healthy heart, healthy 'We can block our coronary arter- powerful sutras to have healthy mind and healthy body ies and we can unblock them too heart and may help in preven- are expressions of our by optimizing our lifestyle'. tion regression and reversal of consciousness. coronary artery diseases. This Mahatma Gandhi said that is possible by practicing perfect “Health is Wealth, but Wealth is choices, meditation and yoga. not Health”. Thus, the health of the heart is a “Matter of your own choice, and He also said that “Health of the not a Matter of chance”. heart is not in the pieces of gold, silver or piles of notes, it is in our I firmly believe that Lifestyle opti- own choices. mization is an expression how to perfect mind set and perfect mind We should be 'an epitome and set is an expression of perfect apostle of a perfect mind set and choices and perfect choices tap perfect choices' to have a healthy from the level of consciousness. heart. Energized healthy heart, happi- Consciousness (field of infinity) ness, prosperity and success are means awareness of ones own expressions of this field of con- existence, sensations, thoughts sciousness. (Silence and infinite and feelings and surrounding at love) Experience of this field on an individual level or collective daily basis by optimization of level. Infact whole existence in lifestyle through all the eight this universe including human limbs of yoga including Yama, beings, animals, plants, flowers, (do's and don’ts), Niyama (Self vegetables, minerals, water, sun, discipline), Asana (Postures), moon, galaxy of star are all the Pranayam (Breathing Exercise), expressions of existence of con- Pratihara (Contemplation), Dha- sciousness. Thus, Consciousness rna (Concentration) Dhyana (Me- beyond energy and matter. The ditation), Samadhi (Transcen- scientific module operates on the dence). Healthy heart, healthy reductionist principle conveying mind and healthy body are ex- thereby that we are all the holo- pressions of our consciousness. gram of the universe, and the uni- verse is our hologram (every bit of universe is in us and every bit of 34 KaleidOscope September, 2020

ARTICLE us is in universe), we are the holo- about the constitution of the uni- consciousness which are all inter- gram of our heart, and our heart verse. Scientific theories do not woven and interconnected. is a hologram of our mind and usually last the course as further I firmly believe that healthy body. A drop of blood give infor- research reveals new evidence heart is an integration of Science, mation of the biochemistry or the that either overturns, or remod- Spirituality, Quantum Physics, cell count of the whole body, sim- els, previous fixed beliefs. Humanity and Art from the level ilarly a bit of any particle gives in- of consciousness which is ex- formation of the whole matter. If The reason to look at the universe pressed by me as follows: the parts of a whole are obtained as a whole is now, which is then 'As is the quantum soup, So is the and examined they will give the broken down into parts. The 'big Quark, required analysis to explain how bang' hypothesis states that the As is the Quark, So is the Boson, the whole operates, its reason universe began as a single entity As is the Boson, So is the Primordial for being, how it interacts with which exploded and sent its en- its environment. In other words, ergy spreading throughout space, Sound, the total environment consists much like the result of exploding As is the PS, So is the Vibration energy of parts, which come together to the atom. Quantum physics then (Sattvic/Rajsic/Tamsic) (SRT & PVK), form a holistic phenomenon. Part goes on to state that everything As are the Vibration energy, So are the of the rationale for this approach in the universe is actually 'energy Proton, Neutron & Electron, may relate to Darwin's theory of and information' ,in many differ- As are the Proton, Neutron and evolution which postulates that ent forms and configurations. In Electron, So is the DNA, all life has evolved from simple other words, there is no solidity As is the DNA, So is the Intelligence, living entities, which gradually in fact, merely a slowing down As is the Intelligence, So are the developed complex systems as of vibrations that we can see and Emotions, Perceptions, thoughts, they interacted with one another, feel with our senses by integrat- Interpretations , & choices, the weak growths giving way to ing science and spirituality. As are the Choices, those which were stronger and As is the Choice, So is the Mind, more competitive. Healthy Heart can be As is the Mind, So is the Body, achieved by tapping As are the Mind and the Body, So is There is a vedic expression, which into the field of infinity the Lifestyle, says (Consciousness) As is the Lifestyle, So is the health of the heart, 'As is the Atom, so is the universe' If, indeed, all particles includ- ing atomic or subatomic such as 'As is the microcosm, so is the Higgs Boson are conscious and macrocosm' aware of their consciousness that it can be stated that everything 'As is the Universal body, So is the in this universe is connected and cosmic body' can be explained by many other- wise imponderable occurrences 'As is the universal mind, So is the simultaneously. The 'Big Bang' cosmic mind' was wholeness and as it unfolds the parts, of necessity, must be re- Albert Einstein a great physicist lated, if not subsidiary creations said that 'We are not the pack- must have occurred by insertion, ages of flesh and bone with wisps from where? And there is no evi- of memory and desire, but we dence for the latter occurrence. are a web of information and en- We can assume that the universe ergy interwoven with emotions is, in essence, of one mind and one and intelligence from the eye of consciousness. The human con- the consciousness and not from sciousness is a trapped universal the eye of the body or eye of the consciousness and the heart con- mind'. sciousness is a trapped a human The time to reflect and reassess is now, to the scientific mode of re- search and to pay more attention to what science has discovered Kaleidoscope September, 2020 35

ARTICLE As is the Health of the heart, So is the • Maintain optimum body • Take US Cranberry Juice on World Around You.' weight. daily basis. 31 Point Programme for • Practice Self-Massage – • Drink adequate water (1.5-2 L Healthy Heart 'Abhyanga' on daily basis. per day in consultation with your doctor). We must take pledge for the fol- • Eat the right food, at the right lowing on the occasion of World time, at the right place, in the • Do not eat junk food such as Heart Day Say 'No' to 6’S right manner, in the right dose, fried food or sweets, etc. in the right environment. Eat • Stress only when you are hungry, eat • Avoid a “pot-belly” abdomen. • Sugar freshly cooked food in a quiet • Salt relaxed atmosphere and eat • Avoid unaccustomed exercise. • Saturated and transfat slowly and don’t eat when you • Smoking are upset and avoid overeating. • Remain cholesterol-fit. • Sedentary Lifestyle • Have sattvic vegetarian food • Remain balanced in life. Have Perfect Choices and not tamsic or rajsic food. All 6 tastes including sweat, • Have adequate rest for 6-8 hrs • Exercise daily for 30 minutes sour, salty, bitter, pungent and everyday. (Heart Friendly Exercise astringent should be included wogging, jogging, cycling, in every meal. As most of the • Don’t burn both the ends of the swimming, dancing, coronary artery disease are pit- candle at the same time. treadmilling skiing. ta or kapha imbalances. • Avoid lust, anger, greed, ego • Meditate for 20 minutes in the • Eat more natural foods such as and attachment. morning and evening. vegetables, fruits, salads • Be honest, truthful and dedi- • Take nuts on daily basis such cated for work. as American Pistachio and California Walnut etc. • Have good social support system. • Work with self-referral and not with object referral. • Have perfect choices to achieve any goal in a very peaceful manner. • Develop intimate relationship. • Become an embodiment of positive emotions such as love, compassion, humility, faith, confidence, peace, harmony, bless and happiness. • Have planned daily routine and set weekly, monthly and yearly plans. * Dr. H.K. Chopra: President, World Wellness Foundation, Chief Cardiologist Moolchand Medcity, New Delhi. 36 KaleidOscope September, 2020

ARTICLE HSCC: Emerging as a Premier Public Sector Undertaking Gyanesh Pandey Managing Director HSCC Set up in 1983, HSCC Having made substantial invest- provides consultancy services (India) Ltd., a Mini Ratna ment in state-of-the art technol- for setting up of laboratories cor- company, is a subsid- ogy and computerisation, HSCC responding to with clean room iary Public Sector Enterprise of has positioned the corporation as facilities norms and Bio Safety NBCC India Limited under the a leader in design and implemen- Levels ranging from BSL-2 to Ministry of Urban Development, tation of institutional buildings, BSL-4 standards. It is a reposi- Government of India duly con- new hospitals, medical colleges & tory of knowledge for creating stituted under the companies research campuses, teaching in- infrastructure meeting client-spe- Act 1956 offering professional stitutions and rehabilitation/up- cific needs. services in the healthcare sector. gradation of existing institutions. It is one of the few organizations HSCC has thus emerged as a in Asia, rendering comprehensive HSCC is an ISO: 9001:2015 accred- premier Public Sector undertak- range of professional consultancy ited company, which adopts an ing, providing a wide range of services in healthcare and other integrated approach to projects, professional healthcare consul- allied sectors. drawing on its pool of resources/ tancy services which is in tune expertise to provide the best com- with the Cabinet note initiate to Over the last 37 years, HSCC has bination to evolve client-specific, set up the organization. With a designed-engineered & project cost-effective innovative solu- view to catering to the mainte- managed various prestigious tions. Over the years, HSCC has nance needs of the clients, the projects not only in India but designed & engineered a number company is gearing itself for abroad. HSCC is a pluri-disci- of institutional & healthcare in- providing Building Engineering plinary organization with expe- frastructure projects and other in- Maintenance Services for the rienced professionals (i.e. facility frastructure including Residential buildings designed & engineered planners and economists, doc- townships/ housing complex, by it. With manpower as its great- tors, engineers, computer experts, hostels, Guest houses facilities, est asset, emphasis is placed on pharmacists, architects, public Sports facilities, Convention recruiting, training and retaining health engineers etc., beside ex- centres, Auditoriums, shopping of the employees. The employees pert pool of civil, mechanical & complex etc. for staff as per cli- are encouraged to expand their electrical engineers) on rolls and ent requirement. The healthcare skill-sets by securing admissions a network of consultants special- consultancy is being provided for to professional courses at their ized in various activities associ- hospitals of bed strength ranging own initiatives. The company ated with health systems. from 30 to 1000 beds, both gen- also conducts in-house learning eral / multi-speciality and super- programmes on regular basis Main activities of the company speciality & medical education where necessary; employees are encompass conceptual studies, infrastructure – Medical colleges, deputed to institutions for acquir- facilities design, project manage- Nursing Schools/ College other ing specialized skills/knowledge. ment, procurement and supply, training institutions etc across Employees thus keep themselves logistics and installation & com- the country & overseas in diverse current for providing client-spe- missioning, skill enhancement terrain conditions. HSCC also cific innovative solutions. through training & re-training. Kaleidoscope September, 2020 37

38 KaleidOscope September, 2020

SCOPE News Kaleidoscope September, 2020 39

SCOPE News 40 KaleidOscope September, 2020

SCOPE News Kaleidoscope September, 2020 41

Hon’ble Prime Minister and His Mauritian Counterpart Jointly e-Inaugurate New Supreme Court Building in Port-Louis Built by NBCC Mr. Narendra Modi, Prime Minister of India and Mr. P. K. Jugnauth, Prime Minister of Hon’ble Prime Minister, Mr. Mauritius jointly e-inaugurating New Supreme Court Building in Port-Louis (Mauritius) Narendra Modi and Mr. P. executed by NBCC (India) Ltd. K. Jugnauth, Hon’ble Prime Minister of Mauritius, jointly e-in- augurated the New Supreme Court Building in Port-Louis (Mauritius) executed by NBCC (India) Ltd. The 3-storey state-of-the-art building, implemented under Govt. of India Grant Assistance, flaunts a modern design and green features with a fo- cus on thermal and sound insulation and high energy efficiency. Built at a cost of 30 million USD, NBCC com- pleted the project within scheduled time of 24 months. GAIL Reports Turnover of Rs. 12,060 Cr.; PAT of Rs. 256 Cr. in Q1 FY21 GAIL (India) Limited re- Hydrocarbons and Natural Gas. stood at Rs. 654 crore as against corded a turnover of Rs. 1,502 crore in Q1 FY20. Rs. 12,060 crore, profit be- During the quarter, Natural Gas fore tax (pbt) of Rs. 356 crore and transmission and marketing vol- Mr. Manoj Jain, CMD, GAIL said profit after tax (pat) of Rs. 256 ume stood at 90.22 MMSCMD that with gradual relaxation of crore for the Q1 FY21 as against and 81.16 MMSCMD as against lockdown and increase in eco- Rs. 18,276 crore, Rs. 1,981 crore 105.41 MMSCMD and 96.55 nomic activities, the physical and Rs. 1,288 crore respectively MMSCMD respectively in Q1 performance of the company has in Q1 FY20. The sharp decline in FY20, petrochemical sales and picked up significantly in all seg- financial performance is mainly liquid hydrocarbon sales stood at ments and the company is pres- attributable to significant impact 183 TMT and 265 TMT as against ently operating at near pre-lock- in physical performance due to 136 TMT and 296 TMT respec- down levels. He further added nation-wide lockdown during tively during Q1 FY20. During the that though the Capex during the the earlier part of the quarter quarter, the consolidated group 1st quarter was affected due to coupled with lower price real- turnover stood at Rs. 12,152 crore lockdown, GAIL expects to sig- ization in Petrochemicals, Liquid as against Rs. 18,445 crore in nificantly improve Capex during Q1 FY20 while the groups PAT remaining quarters. 42 KaleidOscope September, 2020

SAIL Maintains Profitability during FY’20; Earns more than Rs. 2000 Cr. Net Profit Steel Authority of India Limi- Mr. Anil Kumar Chaudhary Chairman, SAIL said \"SAIL has ted (SAIL) announced its Chairman, SAIL continued to earn profit con- financial results for the FY secutively for two years de- 2019-20 (FY’20). SAIL has earned Company’s strategies to increase spite the challenging times. The a profit before tax (PBT) of Rs market reach led SAIL to export Government’s supportive poli- 3170.66 crore leading to profit af- 1.18 MT in FY’20, making it the cies have played a pivotal role ter tax (PAT) of Rs 2021.54 crore in highest ever exports with 54 per- in maintaining the profitability FY’20. This profit has been earned cent growth over CPLY. of the company. The company is inspite of the challenging market continually striving to improve conditions including the onset of Mr. Anil Kumar Chaudhary, its performance by increasing Corona virus pandemic. sales, share of value-added and special steels and new products In FY’20, the company made a and aggressive cost optimiza- turnover of Rs 61024.88 crore and tion on a continual basis. The its EBITDA per tonne of saleable Government’s focus on ‘Atma steel improved from Rs 7284 in Nirbhar Bharat’ and ‘Vocal for FY’19 to Rs 7869 in FY’20. The Local’ will aid in boosting do- company’s EBITDA/ turnover mestic steel consumption. SAIL is figure stood at 18.35 percent in already scaling up its production FY’20 in comparison to a figure of in tandem with the improving 15.52 percent CPLY. Along with market demand and is commit- this, SAIL also achieved the best ted to continuously enhance its ever 14.23 million tonnes (MT) performance\". annual sales during FY’20. The NRL Records Impressive First Quarter Results Despite Pandemic Operation in Numaligarh also process around 8.1 TMT Mr. S. K. Barua said, “We are Refinery is now almost of crude oil imported from making all out efforts to sus- back to normal. During Petronas, Malaysia during the tain our normal refinery opera- the first quarter, crude through- quarter. The LPG bottling plant tion ensuring safety of all our put was 627 TMT which was has been working on 16 hours employees and contractual staff around 8 percent lower than basis in 2 shifts to meet the grow- despite bottlenecks encountered the corresponding period in ing demand of this clean cooking due to COVID-19 pandemic. We the previous year. The fall in fuel in NE. NRL has been able to are trying to front load some of sale of Petrol and Diesel was successfully implement its policy our Capex in the next couple of only marginal to the extent of 9 of “Work from Home” by lever- months as our project activities percent despite constraints of aging its network infrastructure. at all sites have started so that we lockdown in the face of COVID-19 are able to catch up our annual pandemic. The refinery could Commenting on the 1st quar- targets”. ter operation, NRL MD, Kaleidoscope September, 2020 43

Raksha Mantri launches Products Indigenously developed by BEL The Hon’ble Raksha Man- Raksha Mantri Raksha Mantri, Mr. Rajnath Singh tri, Mr. Rajnath Singh announces issue of BEL launching BEL products through launched through video EoI for indigenisation of video conference. conference two products Linear strategic products Variable Differential Transducer The Lens worth Rs. 0.1 crores (LVDT) and 1kW Transmitter The Hon’ble Raksha Mantri, is proposed to be procured Aerial Switching Rack, indig- announced through video con- for current and future enously developed for use in ference the Expression of Inter- requirements. various strategic applications, as est (EoI)/Request for Proposal part of the Government of India’s (RFP) being issued by BEL under Atma Nirbhar Bharat initiative. Inter Governmental Agreement (IGA) and Make-II category Mr. Gowtama M. V., CMD, Bharat for the indigenisation of five Electronics Limited (BEL), on the products, as part of the Atma occasion gave a presentation to Nirbhar Bharat initiative. Equi- the Hon’ble Raksha Mantri on pment, presently being imported these products, which have been from USA, having considerable indigenously developed by BEL. requirement by Army/ MHA. PERSONALIA Brigadier Amar Singh Rathore Mr. Partha Pratim Sengupta Mr. Ashwani Bhatia Mr. Chandan Kumar Mondol assumes charge as CMD, FCI assumes charge as MD & CEO assumes charge as assumes charge as Director Aravali Gypsum and Minerals MD, State Bank of India. (Commercial), NTPC Limited. India Limited. of Indian Overseas Bank. Mr. Ujjwal Kanti Mr. Dinesh Kumar Batra Ms. Vartika Shukla Mr. Sushil Kumar Sharma Mr. P. V. V. Patnaik Bhattachrya assumes charge as assumes charge as Director assumes charge as assumes charge as Director (Technical), Engineers India assumes charge as Director Director (Finance), Bharat Director (Electrical) of (Commercial), MOIL (Projects), NTPC Limited. Electronics Limited Limited. SJVN Limited. Limited. 44 KaleidOscope September, 2020

Union Home Minister lays foundation of MCL’s Eco-park ‘Utkal Upvan’ in Jharsuguda Mr. Amit Shah, Hon'ble of Coal. Besides Utkal Upvan, be- Mr. B. N. Shukla, CMD, MCL and Home Minister laid the ing developed with a vision to other senior officials attending the fou-ndation stone of transform an excavated coal mine foundation stone laying by Mr. Amit Utkal Upvan, being developed into eco-park, MCL celebrated Shah, Home Minister through video by Mahanadi Coalfields Limited Vanmohotsav - 2020, conduct- conferencing. (MCL) as a site of tourist attrac- ing a special plantation drive at tion in Jharsuguda district of all its Project areas and offices (Personnel) and Mr. Baban Singh, Odisha. The foundation stone of spread over in Angul, Sambalpur, Director (Technical /P&P). Utkal Upvan was laid remotely Jharsuguda and Sundergarh through video conferencing (VC) districts. from New Delhi by the Hon’ble Union Home Minister in the Mr. B. N. Shukla, CMD, also par- presence of Mr. Prahlad Joshi, ticipated over VC in the launch Union Minister of Parliamentary of Vriksharopan Abhiyan by the Affairs, Coal and Mines and Mr. Home Minister and foundation Anil Kumar Jain, IAS, Secretary stone laying ceremony along with to Government of India, Ministry Mr. K. R. Vasudevan, Director (Finance), Mr. Keshav Rao, Director NMDC registers Record Jump in Production and Sales of Iron Ore in July 2020 Production improves by 35% & Sales by 20% in Chhattisgarh The mining major, NMDC Mr. Sumit Deb Iron ore in July 2020 against 1.60 recorded a sharp rise in CMD, NMDC million tonnes in July 2019, which overall production and is 20 percent higher than the pre- sales in July 2020 as compared to compared to the total produc- vious year. the corresponding period in July tion of 1.16 million tonnes in the 2019. During this period, despite corresponding month of July last Mr. Sumit Deb, CMD, NMDC, the current uncertain situation year, an increase of 35 percent commented that, \"The last few due to COVID-19, NMDC has in production. NMDC also achi- months has been quite challeng- been able to achieve excellent eved record sales in July 2020 ing for the entire industry due to physical performance through its by selling 1.90 million tonnes of the pandemic situation impacting continual push towards higher the performance of all major pro- volumes which saw production ducers. However this challenge of 2.19 MT and sales 2.57 MT that was treated as an opportunity grew by 13 percent and 7 percent by us to accelerate our efforts to- over the corresponding period wards stabilizing the production last year, respectively. and continuously improving our production processes. Going for- In July 2020, the Chhattisgarh ward NMDC will strive to maxi- Projects registered a produc- mize cost efficiencies to improve tion of 1.56 million tonnes as its bottom-line.\" Kaleidoscope September, 2020 45

NFL Total Fertilizer Sale reaches all- time High at 18.79 LMT in April-July’20 Registering growth in sale Elated at the encouraging sale sulphur, the company trades in with every passing month, figures, Mr. V. N. Datt, CMD con- various complex fertilizers with NFL's total fertilizer sale gratulated the marketing team the objective of providing all has touched a new high of 18.79 for successfully distributing the types of Fertilizers to farmers un- lakh MT in April-July’20 showing record quantity of ‘Kisan’ fertiliz- der one roof. a growth of more than 20 percent ers even under the constraints of than the previous best of 15.64 COVID-19. LMT recorded during the same period last year. This includes the NFL operates five urea manufac- sale of Urea, DAP, MoP, NPK, turing plants, one each at Nangal SSP, and Bentonite Sulphur dur- and Bathinda in Punjab, Panipat ing the said period. in Haryana and two plants at Vijaipur in M.P. The company Out of this, the sale of company’s has a urea production capac- core product, Urea has registered ity of 35.68 lakh MT annually. a sale of 15.87 Lakh MT, higher by Other than its own products like 17 percent than the CPLY. urea, bio fertilizers and bentonite REC commits Financial Assistance of Rs. 23.52 Cr. to Shri Kedarnath Utthan Charitable Trust (SKUCT) Mr. S. N. Srinivas, CEO, REC Foundation, REC Ltd. (Formerly Rural works like providing lighting on behalf of REC Foundation and Electrification Corpora- systems, plumbing works, PA Ms. Ila Giri, Additional Resident tion Ltd.), committed fi- system, CCTV, infrastructure ser- Commissioner, Govt. of Uttarakhand, nancial assistance of Rs. 23.52 vices etc. in/around kund. The on behalf of SKUCT after signing the cr. through its CSR arm, REC Memorandum of Agreement MoA in the presence of Mr. S.K. Gupta, foundation to SKUCT for the (MoA) in this regard was execut- CMD & Director Technical, REC Ltd., Construction of admin offices ed between REC Foundation and Mr. Ajoy Choudhary, Director Finance, and hospital (27000 sqft) ap- SKUCT in New Delhi. Mr. S. N. REC Ltd. and other officials of REC prox. below the Saraswati Plaza, Srinivas, CEO, REC Foundation, Foundation. near current GMVN building. on behalf of REC Foundation Infrastructural development like and Ms. Ila Giri, Additional water supply network, storm wa- Resident Commissioner, Govt. ter network, solid waste network, of Uttarakhand, on behalf of public address system, CCTV net- SKUCT signed the Memorandum work system, 11KV HT cable, HT of Agreement in the presence of RMU, transformer, etc. in between Mr. S. K. Gupta, CMD & Director Saraswati edge and Temple Street; Technical, REC Ltd., Mr. Ajoy and conservation related civil Choudhary, Director Finance, works of Retas kund, Udak kund, REC Ltd. and other officials of Hans kund and developmental REC Foundation. 46 KaleidOscope September, 2020

PSEs Ink MoU BEML signs MoUs with IIT, constitute of armed forces, paramilitary and civil- Kanpur & NASSCOM-CoE ian. BEML – NASSCOM tie-up aims at technical support for implementation of artificial intelligence BEML to leverage technology for Atma Nirbhar (AI) and internet of things (IoT) in BEML products Bharat and to set up incubation centre for start-ups with a view to achieve self-reliance and foster innova- tion and technological development in defence and aerospace by engaging various Industries includ- ing MSMEs, start-ups, individual innovators, R&D institutes and academia. The MoU between BEML and NASSCOM will enable BEML to achieve its vi- sion to remain abreast with cutting edge technology and to be a market leader. Dr. Deepak Kumar Hota, CMD BEML exchanging the signed ITI Limited signs MoU with copies of MoU with Mr. Sanjeev Malhotra, CEO, NASSCOM. ILANTUS Technologies to offer Identity and Access BEML teamed up with IIT – Kanpur in the field of Management (IAM) Solution UAV and NASSCOM – CoE (Centre of Excellence) for AI and IoT related areas in the virtual presence To address the concerns of cyber threats in India, of Mr. Rajnath Singh, Hon'ble Raksha Mantri. Chief ITI Limited signed an MoU with ILANTUS of Defence Staff, Gen. Bipin Rawat, PVSM, Secretary Technologies to deliver Make-in-India, world-class (Defence Production) and other senior officials were identity and access management (IAM) solution to present on the occasion. Dr. Deepak Kumar Hota, government agencies, defence and PSUs. CMD, BEML exchanged the signed copies with Mr. Under the MoU, ITI and ILANTUS will address Sanjeev Malhotra, CEO, NASSCOM and Professor A. the challenges of today’s fragmented identity land- R. Harish, Dean, IIT Kanpur after signing the MoUs. scape through identity and access management solution, which is the only solution in the world BEML will collaborate with IIT Kanpur for joint with all features inside one single product. ITI will indigenous development of pilotless target aircraft harness ILANTUS’s 20-years of global experience (PTA) and tactical unmanned aerial vehicles (UAV). Both the organizations will synergize respective ca- Mr. R. M. Agarwal, CMD, ITI exchanging the MoU with pabilities and undertake feasibility study, design Mr. Binod Singh, President & CEO, ILANTUS Technologies. and development, testing and validations of UAV and PTA. The jointly developed products would substitute the currently imported UAVs and PTAs and aims to achieve self-reliance at a reduced cost. This will also help to foster innovation and tech- nology development in Defence and Aerospace by engaging various industries including MSMEs, start-ups, individual innovators, R&D institutes and academia. This will enable BEML to achieve a quantum jump in defence and aerospace busi- ness and provide a big thrust in ‘Atma Nirbharta’ in the defence sector. The potential customers will Kaleidoscope September, 2020 47

in IAM segment and jointly market the solution to with Indian Institute of Technology- Kanpur (IIT-K) government organisations in the country. for training, research, and entrepreneurship de- velopment in Smart Grid Technology. Under the Commenting on the MoU with ILANTUS, Mr. R. MoA, PFC will provide financial assistance of M. Agarwal, CMD, ITI said, “With our market reach Rs. 2,38,97,000/- (rupees two crore thirty eight lakhs and resources, combined with ILANTUS’ product and ninety seven thousand only) to IIT-K under its vision, we are certain this will open up several new CSR initiative. avenues”. Mr. R. Murahari, ED (CSR&SD), PFC informed that With ITI’s captive Tier-3 data center in Bengaluru, the objective of the pact is to provide support to ITI is in an unique position to offer fully secure, IIT-K in developing infrastructure for research and India based hosting for SaaS and managed services development on smart grid technology. across India. Mr. M. Prabhakar Das, CGM (CSR&SD), PFC and HUDCO signs MoU with YEIDA Prof. Jayant Kumar Singh, Dean Resource and Alumni, IIT-K signed the agreement on behalf of respective organizations on a virtual platform. NHPC signs MoU with GEDCOL for Development of 500 MW Floating Solar Projects in Odisha under UMREPP Mr. M. Nagaraj, CMD, HUDCO and Dr. Arunvir Singh, CEO, YEIDA after signing of MoU. Mr. M. Nagaraj, CMD Housing & Urban Develo- Mr. A.K. Singh (centre), CMD, NHPC, alongwith Mr. Y.K. pment Corporation (HUDCO) and Dr. Arunvir Chaubey (right), Director (Technical), NHPC and Mr. R.K. Singh, CEO, Yamuna Expressway Industrial Jaiswal (left), ED (Renewable Energy) during the signing of Development Authority (YEIDA) signed an MoU MoU via video conferencing between NHPC and GEDCOL. for providing financial assistance to the tune of over Rs 4000 crore for various projects adjoining NHPC Limited, has signed a memorandum of the up-coming international airport at Jewar, Uttar understanding (MoU) with Green Energy Deve- Pradesh. These would include land acquisition, lopment Corporation of Odisha Ltd. (GEDCOL), development of industrial estates, electronic city, for “Development of 500 MW floating solar proj- housing projects and associated infrastructure de- ects in Odisha under UMREPP” through video velopment on both sides of Yamuna Expressway conferencing. Mr. Dibya Shankar Mishra, Minister over the next 3 years. of State (Independent Charge), Energy, Industry & MSME, Government of Odisha graced the occasion PFC signs Agreement with IIT- as Chief Guest. Mr. A.K. Singh, CMD, NHPC, Mr. Kanpur for Training, Research, Bishnupada Sethi, CMD, GEDCOL, Dr. Saurabh and Entrepreneurship Garg, CMD, GRIDCO and Mr. Nikunja Bihari Development in Smart Grid Dhal, Principal Secretary, Energy Department, Technology Power Finance Corporation (PFC) signed a MoA 48 KaleidOscope September, 2020

Government of Odisha were present on the occasion. supporting infrastructure like toilets, bathrooms The MoU was signed by Mr. R. K. Jaiswal, ED etc. was created in 16 days, said Mr. R. Madhavan, (Renewable Energy) on behalf of NHPC and Mr. CMD, HAL. Initially, the facility would be utilized G. R. Das, CEO on behalf of GEDCOL. Mr. Ratish for treatment of asymptomatic COVID-19 positive Kumar, Director (Projects), Mr. N.K. Jain, Director patients, said Mr. Alok Verma, Director (HR). (Personnel), Mr. M. K. Mittal, Director (Finance), Mr. Y. K. Chaubey, Director (Technical), Mr. J. K. An MoU was signed between HAL, represented Mohapatra, Independent Director from NHPC by Mr. Ch. Venkateswara Rao, GM (CSR) and and Mr. Vivek Patnaik, IAS (Retd.) participated BBMP, represented by Mr. R. Venkatachalapathy, in the MoU Signing ceremony through video Joint Commissioner, Mahadevapura Zone in the conferencing. presence of senior government and HAL officials. The MoU provides a framework under which Arrangements for doctors and paramedical staff GEDCOL and NHPC shall collaborate and coop- and running of the facility would be taken care by erate to form a Joint Venture Company (JVC) to BBMP. explore, identify, plan and develop techno-com- mercially feasible floating solar power projects of As part of its fight against COVID-19 pandemic, aggregate 500 MW capacity (in a phased manner) HAL has already contributed Rs 26.25 crores to the in various reservoirs in the state of Odisha in joint PM CARES Fund (Rs. 20 crores under CSR head venture mode under Ultra Mega Renewable Energy with employees contributing another 6.25 crores). Power Parks (UMREPPs) Scheme of Ministry of New & Renewable Energy, Government of India. Cochin Shipyard signs The total estimated investment shall be to the tune Contract for Construction of of Rs. 2500 crore. The first phase work of the project Autonomous Electric Vessels for is likely to be commenced by March, 2022. ASKO Maritime AS, Norway HAL establishes COVID-19 Care Cochin Shipyard Limited (CSL), Kochi signed con- Centre in 16 Days, hands it over tracts for construction and supply of two nos au- to State Administration tonomous electric ferry for ASKO maritime AS, Norway with an option to build two more identical Sensing the urgency to control rapidly spread- vessels. The company clinched this export order ing pandemic, HAL has converted its Ghatage from ASKO Maritime AS, the subsidiary group of Convention Centre located on Old Airport Road Norges Gruppen ASA, one of the largest players in into a COVID-19 Care Center (CCC) and handed the Norwegian retail segment. it over to Bruhat Bengaluru Mahanagara Palike (BBMP). The facility having 160 beds with other This autonomous electrical vessel project is an am- bitious project in Norway partially funded by the Mr. Ch. Venkateswara Rao, GM(CSR) and BBMP and Mr. R. Norwegian Government aimed at emission-free Venkatachalapathy, Joint Commissioner, Mahadevapura transport of goods across the Oslo fjord. These ves- Zone exchanging MoU documents in presence of senior sels will be managed by M/s. Massterly AS, the Government and HAL officials. first company setup to take technical management and operate autonomous vessels, a joint venture between M/s. Kongsberg, the world leader in au- tonomous technology and M/s. Wilhelmsen, one of the largest Maritime shipping companies. Once in operation, this vessel will create a new bench mark for the merchant shipping world in the field of Autonomous Vessels with Zero Carbon Emission. CSL won this export order after detailed evaluation of various global shipyards and based on its value proposition to the customer. CSL’s proven capabil- ity and track record to deliver world quality high- end vessels to prestigious clients in Western Europe Kaleidoscope September, 2020 49

ASKO AutoBarge. other to address the emerging global opportuni- ties in the airport business, including those in the also found favour with the client. CSL holds this Asia Pacific region. ln furtherance of such coopera- contract, obtained within the current constraints tion, AAl, playing the role of a development part- posed by the pandemic, in high significance. CSL ner, will render assistance to BEL in its domain is already constructing 23 Hybrid Electric boats for of expertise to enable execution of the MEA proj- the Kochi Water Metro. ects outside India by BEL. Both the organisations will work in close co-operation with each other This project is expected to catapult CSL into the in the field of civil aviation, in both present and league of premier shipbuilding yards in the world future projects handled by BEL. The MoU was capable of handling high tech vessel construction. signed by Mr. Sanjai Kumar Singhal, GM (Business Development), AAI, and Mr. Manoj Kumar, ED AAI and BEL sign MoU for (National Marketing), regional office-Delhi, BEL, at co-operation in Civil Aviation the AAI Corporate headquarters, in the presence of industry Mr. Arvind Singh, Chairman, AAI, Mr. M. V. Gowtama, CMD, BEL, and senior management of In a move that could provide a major boost to the both the organisations through video conferencing. civil aviation industry, the Airports Authority of India (AAI) has entered into an Memorandum ITDC signs MoU with AIIMS of Understanding (MoU) with Bharat Electronics New Delhi to strengthen health Limited (BEL), providing a platform for both Protocol the companies to collaborate and support each The Ashok Hotel, New Delhi. Mr. Sanjai Kumar Singhal, GM (Business Development), AAI, India Tourism Development Corporation Ltd. and Mr. Manoj Kumar, ED (National Marketing), Regional (ITDC) has signed an MoU with AIIMS, New Delhi Office, Delhi, display the MoU signed between BEL and AAI, to come together and monitor the situation to pre- in the presence of Mr. Arvind Singh, Chairman, AAI, Mr. M. V. vent COVID-19 infection and implement preven- Gowtama, CMD, BEL, and Ms. Anandi Ramalingam, Director tive measures that can be taken up by ITDC across (Marketing), BEL. its hotels and offices to provide a safe, hygienic and healthy environment to guests and staff. Talking about the MoU Mr. Prahlad Singh Patel, Hon'ble Union Minister of State for Tourism and Culture said, “The MoU between ITDC and AIIMS to fight the COVID-19 battle is a commend- able and appreciable step taken by ITDC. We need to win over our fear and do everything possible 50 KaleidOscope September, 2020