Chief Operating Officer - Power, BALCO

Group Company

• BALCO (Vedanta Aluminium Metal Ltd)
• Designation:

Chief Operating Officer – Power, BALCO

Office Location

• Korba
• Reports To:

IBU Head – Power, BALCO

Educational qualifications and Experience

B.E / Masters (Mech / Elect), Professional Course in Management (added advantage)

10 - 12 years (min) of experience

Required Functional Skills:

Operational Leadership

• Lead and motivate a multidisciplinary team of engineers, technicians, and operational staff.
• Develop and implement operational strategies to achieve business objectives.

Resource Management

• Optimize resource allocation, including personnel, equipment, and materials, to maximize efficiency and productivity.
• Ensure the effective utilization of assets and infrastructure to meet operational demands.

Regulatory Compliance

• Stay abreast of industry regulations and ensure compliance with all relevant laws and standards.
• Develop and implement policies and procedures to mitigate regulatory risks and ensure adherence to best practices.

Risk Management

• Identify and assess operational risks and develop and implement risk mitigation strategies.
• Establish contingency plans to address emergencies and unforeseen events.

Quality Assurance

• Implement rigorous quality control measures to ensure the reliability and safety of power infrastructure and services.
• Monitor and evaluate operational performance to identify areas for improvement.

Budgeting and Cost Control

• Develop and manage operational budgets and monitor expenses to ensure cost-effectiveness.
• Identify opportunities for cost reduction and efficiency improvements without compromising quality or safety.

Performance Monitoring

• Establish key performance indicators (KPIs) and metrics to measure operational performance.
• Analyze data and metrics to identify trends and opportunities for optimization.

Finance Management

• Develop and manage operational budgets, monitoring expenses and financial performance to achieve cost targets and optimize profitability.
• Identify opportunities for cost savings and revenue generation within the power division, driving financial sustainability and growth.

Stakeholder Engagement

• Build and maintain effective relationships with internal stakeholders, including senior management, department heads, and cross-functional teams.
• Collaborate with external stakeholders, such as regulatory agencies, industry partners, and customers, to support business objectives and promote positive relationships.

Change Management

• Lead organizational change initiatives and transformational projects within the power division, driving adoption of new processes, technologies, and practices.
• Manage resistance to change, communicate effectively with stakeholders, and facilitate a culture of continuous improvement and innovation.

Required Behavioural Skills:

Leadership

• Inspire trust and confidence among team members, demonstrating integrity, transparency, and fairness in decision-making and actions.
• Lead by example, fostering a culture of accountability, empowerment, and continuous learning within the power division.

Communication

• Communicate effectively and persuasively with stakeholders at all levels, conveying complex technical concepts and strategic objectives in a clear and concise manner.
• Listen actively to feedback and ideas from team members, fostering open communication and collaboration to drive alignment and consensus.

Problem Solving

• Analyze complex problems and challenges, applying critical thinking and creative problem-solving techniques to develop innovative solutions.
• Anticipate and proactively address potential obstacles and barriers to success, demonstrating resilience and resourcefulness in overcoming challenges.

Decision Making

• Make informed and timely decisions based on data, analysis, and strategic priorities, considering the potential impact on stakeholders and the organization as a whole.
• Evaluate risks and uncertainties, weighing competing priorities and objectives to reach consensus and drive action.

Adaptability

• Embrace change and ambiguity, adapting quickly to shifting priorities, market conditions, and operational requirements within the power sector.
• Demonstrate flexibility and resilience in the face of adversity, maintaining composure and focus under pressure.

Collaboration

• Foster a collaborative and inclusive work environment, encouraging teamwork, cooperation, and knowledge sharing among diverse teams and individuals.
• Build strong relationships and partnerships across departments and functions, leveraging collective expertise and resources to achieve common goals.

Ethical Conduct

• Uphold the highest ethical standards and integrity in all business dealings and decision-making processes, promoting a culture of honesty, fairness, and respect.
• Ensure compliance with legal and regulatory requirements, as well as company policies and procedures, to maintain trust and credibility with stakeholders.