Vedanta wins accolades at Frost & Sullivan India Best Practices Awards
New Delhi: Vedanta Limited, India’s leading natural resources company won two awards at the Frost & Sullivan-2016 India Best Practices Awards ceremony held this month. The company has been awarded the “2016 India Non- Ferrous-Growth Excellence Leadership Award” and the “2016 India Mining/Minerals Growth Excellence Leadership Award”.
“At Vedanta, we benchmark and bring in best-in-class practices, towards our business goals and the company’s community development programmes,in our role as a socially responsible company. We consider it an honor for our efforts to be acknowledged by the Frost & Sullivan Awards andI commend all teams for their commitment towards pioneering a competitive yet sustainable approach in all our initiatives,” said Mr. Tom Albanese, CEO, Vedanta.
Frost & Sullivan follows a rigorous measurement-based methodology to select recipients in each category. The methodology for determining the award recipients is a deep-dive research and analysis conducted by the Frost & Sullivan analysts, which is presented to an esteemed, independent panel of Judges representing the top companies in India. This jury selects the award winners based on a structured metrics-based evaluation process.
The measurement parameters applied to conduct a detailed study of each nominated company, were on the basis of actual market performance indicators are Revenue growth, Market share, Demonstrated leadership in new product introduction and innovation, Breadth of products and solutions, Business / market strategy, Efficacy of innovation process, Product service value and Product service and positioning. The base year for the benchmarking study is calendar year 2015.