3 – DAY SEMINAR ON “COST EXCELLENCE- A SUSTAINABLE BUSINESS STRATEGY”
Date : 13th to 15th May, 2022
Venue: IMMT Auditorium , Acharya Vihar, RRL Campus, Bhubaneswar
Organised by
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA
(Statutory body under an Act of Parliament)
COMMITTEE ON COST MANAGEMENT FOR PUBLIC AND GOVERNMENT SERVICES
In association with
BHUBANESWAR CHAPTER
3 – Day Seminar on “Cost Excellence- A Sustainable Business Strategy” has been successfully organized by the Institute of Cost Accountants of India – Committee on Cost Management for Public and Government Services in association with Bhubaneswar Chapter during the period from 13th to 15th May, 2022 at IMMT Auditorium, Sachivalaya Marg, RRL Campus, Acharya Vihar, Bhubaneswar-13, Odisha
Day-1 (13.05.2022)
His Excellency Prof. Ganeshi Lal , Hon’ble Governor of Odisha inaugurated and graced the 3-day Seminar as “Chief Guest” and CA. Sridhar Patra, Chairman-Cum- Managing Director, NALCO Ltd. graced as “Guest of Honour” in the presence of CMA P Raju Iyer, President, ICAI, CMA H Padmanabhan, Council Member and Chairman, Certified Accounting Technician (CAT), International Affairs and Public Relation Committee and AAT Board, ICAI, CMA Niranjan Mishra, Council Member and Chairman, Committee on Cost Management for Public and Government Services, ICAI, CMA Nishant Kumar Singh, Chairman, ICAI-EIRC and CMA Himoj Mishra, Chairman, ICAI-Bhubaneswar Chapter.
To commemorate the 3-Day Seminar, a Souvenir and bimonthly digest of the Committee on Cost Management for Public and Government Services, ICAI “The Xtramiles” released in the hands of His Excellency Hon’ble Governor of Odisha.
Technical Session-I – “Cost Excellence-Power Generation”: CMA Neeraj D Joshi, Council Member & Chairman Management Accounting Committee, ICAI delivered Welcome & Key note address, Er. Amresh Kumar, Managing Director, OHPC Ltd., Bhubaneswar graced as “Special Guest” and CMA D C Bajaj, Former President, ICAI Chaired the technical session. CMA M K Mittal, Former Director (Finance), NHPC Ltd., New Delhi, CMA Santosh Kumar Sahu, Director, REC Ltd., IPMT, Hyderabad delivered various key issues with respect to cost excellence in power generation. CMA Saktidhar Singh, Chairman, PD Committee and Past Chairman, ICAI-Bhubaneswar Chapter extended formal vote of thanks.
A cultural fest was organized in the evening including Sand Art, Magic show and Odishi Dance performed by eminent Artists of Odisha for entertainment of the Participants in the evening.
Day-2 (14.05.2022)
Day 2 of the 3- Day Seminar starts with an inspirational and motivational session. Rajyogini Brahma Kumari Sister Usha, Senior Rajyoga Teacher, Mount Abu, Rajasthan, Rajyogini Brahma Kumari Sister Leena, Director, Brahma Kumaris , Bhubaneswar Zone shared their thoughts on Let’s know our LIFE BETTER. CMA Uttam Kumar Nayak, Vice -Chairman, ICAI-EIRC delivered welcome address and CMA Saktidhar Singh , Chairman PD Committee and Past Chairman of the Chapter extended formal vote of thanks.
CMA Surjya Narayana Patro, Hon’ble Speaker, Odisha Legislative Assembly inaugurated and graced the Day 2 as Chief Guest in the presence of CMA P Raju Iyer, President, ICAI, CA. Mukesh Singh Kushwah, Council Member (Govt. Nominee), ICAI , CMA Niranjan Mishra, Council Member, Chairman, Committee on Cost Management for Public and Government Services, ICAI , CMA Bibhuti Bhusan Nayak, Treasurer, ICAI-EIRC and CMA Himoj Mishra, Chairman , ICAI-Bhubaneswar Chapter.
CFO’s Meet: CMA Chittaranjan Chattopadhyay, Council Member and Chairman, Indirect Taxation Committee and Banking, Financial Services & Insurance Board, ICAI delivered the welcome and keynote address, CMA Arup Sankar Bagchi, Sr. Director (Membership), ICAI moderated the meet. CMA Pradeep Kumar Mohapatra , Chief Finance Officer, Indradhanush Gas Grid Ltd., Guwahati, CMA Ramesh Kumar Dash, Director (Finance), GRSE Ltd., Kolkata, CMA Subash Chandra Das, Director(Finance), Brahmaputra Velley Fertilizer Corporation Ltd., Guwahati addressed on Industry Perspective, CMA Arunabha Saha, Practicing Cost Accountant, Mumbai also delivered on cost excellence in Thermal power generation. CMA Mukesh Chaubey , Managing Committee Member and Immediate Past Chairman, ICAI-Bhubaneswar Chapter extended formal vote of thanks.
Technical Session-II : Cost Excellence: Mines (Coal & Other) : Session Chaired by CMA (Dr.) D V Joshi, Former President, ICAI , CMA Rakesh Bhalla, Council Member and Chairman, Direct Taxation Committee, ICAI welcomed and delivered his key note address , Dr. Ashok Kumar Sahu, Chief Scientist & Head, Mineral Processing Department, Strategy Planning, Business Development, CSIR- Institute of Minerals & Materials Technology, Bhubaneswar and CMA R P Shukla, Former Director (Finance), Western Coalfields Ltd., Nagpur delivered on cost excellence in Mining industries highlighting the strategic issues and challenges, as “Resource Person”. CMA Saktidhar Singh, Chairman, PD Committee and Past Chairman, ICAI-Bhubaneswar Chapter extended formal vote of thanks.
Technical Session-III : Cost Excellence (Oil and Natural Gas) : Session Chaired by Er. Ajit Kumar Thakur, CEO, Indradhanush Gas Grid Ltd., Guwahati , CMA V. Murali, Council Member and Chairman, Members’ Facilities Committee, ICAI delivered welcome and keynote address , Er. Sushil Chandra Mannagudda, Former GGM (Corporate Strategy), MRPL, Mangalore, CMA Pradeep Kumar Mohapatra, Chief Finance Officer, Indradhanush Gas Grid Ltd., Guwahati and CMA Er. Tuhin Kanti Bhattacharjee, Chief Manager, Gas Business Development Cell, Oil India Limited , Dibrugarh delivered details on cost excellence on Oil and Natural Gas as “Resource Person”. CMA Ajay Kumar Samal, Managing Committee Member and Chairman, IT Committee, ICAI-Bhubaneswar Chapter extended formal vote of thanks.
Technical Session-IV : Cost Excellence: Metal (Steel & Aluminum): Session was Chaired by CMA Jyoti Prakash, CFO, Creative Port Development Private Ltd., Bhubaneswar and graced by Er. Bijay Kumar Das, Director (Production), NALCO Ltd., Bhubaneswar as “Special Guest”. CMA Papa Rao Sunkara , Council Member and Chairman, Career Counseling Committee, ICAI delivered the welcome & keynote address . CMA Braja Kishore Dash, Group General Manager (Finance), NALCO Ltd., Bhubaneswar and CMA Chasetti Leela Srinivas, Dy. General Manager (F&A), Rashtriya Ispat Nigam Limited, Visakhapatnam delivered details on cost excellence in metal (Steel & Aluminum). CMA Surya Narayan Tripathy, Secretary, ICAI-Bhubaneswar Chapter extended formal vote of the thanks.
Second day of the Seminar was ended with Musical night.
Day-3 (15.05.2022)
Day-3 of the seminar started with an inspirational session on Let’s PAUSE and PROCEED. Prabhuji Ramesh Juneja, Motivational Speaker, ISKON, Kolkata mesmerized the participants with his golden words. CMA Saktidhar Singh, Chairman, PD Committee and Past Chairman ICAI-Bhubaneswar Chapter delivered the keynote address and CMA Surya Narayan Tripathy , Secretary, ICAI-Bhubaneswar Chapter extended formal vote of thanks .
Shri Bishweswar Tudu, Hon’ble Minister of State for Tribal Affairs and Jal Shakti, Government of India, New Delhi inaugurated the day-3 of the Seminar as “Chief Guest” in the presence of CMA Pradip Kumar Das, Chairman & Managing Director , IREDA , New Delhi, Shri Sudipta Kumar Ray , Independent Director , Indian Oil Corporation Ltd. . CMA Niranjan Mishra, Council Member & Chairman Committee on Cost Management for Public & Government Services, ICAI delivered welcome address and CMA Rakesh Bhalla, Council Member & Chairman , Direct Taxation Committee, ICAI delivered the keynote address , CMA Uttam Kumar Nayak, Regional Council Member & Vice Chairman , ICAI-EIRC also addressed on the Occasion. CMA Himoj Mishra, Chairman , ICAI-Bhubaneswar Chapter extended formal vote of thanks .
Technical Session – V : Cost Excellence – Power Transmission , Distribution and Power Financing : Session was Chaired by CMA Pradip Kumar Das, CMD, IREDA , New Delhi. CMA Debasish Mitra, Council Member and Chairman, Members in Industry & Placement Committee, ICAI delivered the welcome and keynote address , CMA Bibhuti Bhusan Nayak, Regional Council Member and Treasurer , ICAI-EIRC and Shri Chintan Shah, Director (Technical Services), IREDA also addressed. CMA Kshirod Chandra Nanda , G.M (Regulatory Affairs and Strategy), TPWODL, Sambalpur and CA CS Yatender Atreja, Expert-Power Financing, New Delhi delivered details on the topic as “Resource Person”
Technical Session-VI : Cost Excellence- Government Services (Transportation , Health & Sanitation and Education ): Session was Chaired by Shri Rabi Shankar Mitra, IRAS, Principal Financial Advisor & Chief Accounts Officer, East Coast Railway, Bhubaneswar , CMA Mukesh Chaubey, Past Chairman and MC Member, ICAI-Bhubaneswar Chapter delivered the welcome and keynote address , CMA Mrityunjay Acharjee , General Manager (Finance), Numaligarh Refinery Ltd., Guwahati, CMA D M Balachander, Consultant, Education Sector, Chennai and CMA Shiba Prasad Padhi , Practicing Cost Accountant, Bhubaneswar delivered as “Resource Person”. CMA Surya Narayan Tripathy , Secretary , ICAI-Bhubaneswar Chapter extended formal vote of thanks .
Valedictory Session : Mrs. Sulochana Das , Hon’ble Mayor, Bhubaneswar Municipal Corporation, Bhubaneswar graced and addressed as “Chief Guest” in the valedictory Session . She also announced the Lucky Winners name during Lucky Draw.
CMA Kaushik Banerjee, Secretary, ICAI, CMA Himoj MIshra , Chairman, ICAI-Bhubaneswar Chapter , CMA Surya Narayan Tripathy, Secretary ICAI-Bhubaneswar Chapter , CMA Bibhuti Bhusan Nayak, Treasurer, ICAI-EIRC extended vote of thanks for grand success of the 3- Day Seminar. CMA Niranjan Mishra, Council Member and Chairman, Committee on Cost Management for Public and Government Services, ICAI delivered Valedictory address with thanks and gratitude to all the organizing team, participants, Guests, Resource Persons, Committee Members of 3-Day Seminar, Staffs, Volunteers, Sponsors, Press & Electronic Medias and others who have extended their support and cooperation to make the event a gala success at temple city once again. He also acknowledges contribution of CMA Shiba Prasad Padhi and CMA Satya Sundar Mahasuar, Co-Chairman of Technical Committee for their timely coordination to organize the technical sessions in most effective manner.
For highlighting the said 3- Day Seminar , a press Meet also has organized on 12.05.2022 at CMA Bhawan, Nayapalli, Bhubaneswar where more than 30 (Thirty) numbers representative of print and electronic media attended and given wide converge on all the days of the seminar as well as press meet.
More than 500 delegates and invitees actively participated in the 3-Day Seminar from PAN India. With collective efforts and team work the said seminar was a grand success.