Professional Documents
Culture Documents
FIRM INFRASTRUCTURE
The company has adopted the IFC framework as guidance, for ensuring adequate
controls and its effectiveness within the company. The process of assessment of
IFC would require setting up of an internal controls function in the organization.
IFC Steering Committee has been put in place to implement and evaluate the
design and operating effectiveness of the IFC framework. The framework also
focuses on internal controls over financial reporting (ICFR) that are put in place
to develop and maintain reliable financial data, and to accurately present the
same in a timely and appropriate manner.
At Adani Group, Corporate Governance is about upholding the highest standards
of integrity, transparency and accountability. The governance standards are
initiated by senior management which percolates down throughout the
organization. The company believes that retaining and enhancing stakeholder
trust is essential for sustained corporate growth. The company has engrained
into its culture and into each associate the values of honesty and fairness. For
Adani, adherence to Corporate Governance stems not only from the letter of law
but also from their inherent belief in doing business the right way.
Board meetings are governed by structured agenda. All major agenda items are
backed by comprehensive background information to enable the Board to take
informed decisions. The Company Secretary in consultation with the senior
management prepares the detailed agenda for the meetings.
Adani Group practices a corporate culture that is based on the tenets of
trusteeship, empowerment, accountability, control and ethical practices with
transparency at its core for creation of maximum value for the stakeholders
TECHNOLOGICAL DEVELOPMENT
The Companys first unit of 330 MW at Mundra was commissioned on 4th August
2009. The company commissioned Indias first supercritical 660 MW unit at
Mundra on 1st March 2011. Units 5 and 6 at this Mundra facility comprise the
worlds first supercritical technology-based thermal power projects registered as
a Clean Development Mechanism Project with the United Nations Framework
Convention on Climate Change. The Mundra power plant is the largest singlelocation coal-based thermal power plant in India and one of the five largest such
plants in the world. This breakthrough technology consumes about 5% lower coal
per MW of electricity generated vis--vis standard technology assets. Adani
Powers technology focus reflected in the highest power generated per person
employed in India.
The Company installed 660 MW of power generation capacity based on the
advanced supercritical technology for the first time in India within a record three
years. The Companys power generation capacity has grown at a CAGR of 40%
over the past five years.
PROCUREMENT
Adani Power possesses diverse resource vendors. A de-risked procurement
basket makes it possible to report an optimal coal blend, one of the most
competitive costs and optimal asset utilisation.
To promote sustainable sourcing, Company has built the sustainability concern
into its processes for vendor development and procurement management.
Starting from the vender onboarding process, applicant vendors are evaluated
based on comprehensive criteria that include vendor's capability and
performance on environmental, occupational health and safety, labor practices
and quality management. After onboarding of the vendor, there is a system of
periodical evaluation of vendor on comprehensive criteria that includes
compliance with environmental, social and occupational health and safety
parameters vis--vis job execution as per quality criteria. This system fosters and
promotes the sustainability concerns among vendors of the company. Besides,
Company believes in adopting new technologies in all fields of its operation to
gain maximum efficiency and reduce resources consumption. The adoption of
super-critical technology for thermal power generation has led to a decrease in
the Company's specific coal consumption.
OPERATIONS
Ash is the major waste generated at the thermal power plant. A significant
portion of this ash is recycled by selling it to cement (PPC) manufacturers in the
region, thereby decreasing its environmental burden. Hazardous waste like used
and waste oils are disposed through authorized recyclers. Also the Company
publish its Sustainability Report every year and disclose the detailed
management approach for material issues and performance indicators as per GRI
G4 guidelines that includes waste management