Business Today, the business fortnightly published by India Today Group has conferred the prestigious Lifetime Achievement award on L&T Group Chairman, Mr. A.M. Naik for his invaluable services to L&T and contribution to the growth of industry in the country. The award was presented to Mr. Naik at a formal ceremony in Mumbai on January 13, 2018.
Mr. Jayant Sinha, Union Minister of State for Civil Aviation presented Mr. Naik a memento and a citation at an august gathering of industry captains and international thought leaders.
Dedicating the award to L&T, where he has spent over 53 years, Mr. Naik said, “L&T’s growth is part of the larger narrative of the India growth story.” He credited his accomplishments to his formative years in a village in South Gujarat. “That is where I learnt the core principles which moulded my character,” he said adding that his success mantra is passion, conviction, commitment and devotion.
One of the country’s leading business magazines, Business Today is published by Living Media India Limited, and is in publication since 1992. The Lifetime Achievement Award is a new category instituted this year and Mr. Naik is its first recipient.
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Energy conservation is a theme common to all L&T Businesses. No exceptions. As a key subset of the Group’s overall sustainability agenda, constituent firms have long been encouraged to adopt measures that can help lower their energy footprint by turning more efficient in terms of energy usage.
The sincerity of these efforts was confirmed recently when L&T Special Steels and Heavy Forgings (LTSSHF) a joint venture of Larsen & Toubro Limited (L&T), and the Nuclear Power Corporation of India (NPCIL) won the National Energy Conservation Awards-2017 in the forging sector for superior energy management.
The award was conferred by Honourable President of India, Mr. Ram Nath Kovind and Minister of State (I/C) for Power and New & Renewable Energy, Mr. R. K. Singh at Vigyan Bhavan, New Delhi, on December 14, 2017 to celebrate the National Energy Conservation day.
Mr. Shailendra Roy, L&T Whole-Time Director & Sr. Executive Vice President (Power, Heavy Engg. & Nuclear) received the prestigious honour at the high-profile felicitation ceremony.
The win, LTSSHF’s second, exhibits the company’s commitment towards sustainability and environmental conservation. Efficient management of available energy resources has been one of the major thrust areas of LTSSHF which has undertaken numerous energy conservation initiatives through a well-defined energy policy and by setting stringent energy targets for improving energy performance and achieving benchmark energy efficiency.
LTSSHF has also adopted best in class practices and Energy Management Systems which include ISO: 50001 in the field of energy conservation.
Each year the Ministry of Power honours companies creating benchmarks in energy conservation. The Bureau of Energy Efficiency (BEE) evaluates the energy consumption data and shortlists winners after an elaborate exercise.