Prime Minister hands over ‘Public Sector Company of the Year’ Award to ONGC
Posted: 28 March 2005
ONGC has bagged the Business Standard Star Public Sector Company Award for 2004, in the Public Sector category.
The Award was handed over by the Hon’ble Prime Minister Dr. Manmohan Singh to ONGC’s C&MD Mr. Subir Raha, at a function held at New Delhi on March 24, 2005 – coinciding with the 30th anniversary of Business Standard.
The selection for this Award was made by the editors of Business Standard – the well-known Business publication. Quantitative parameters and qualitative judgments were combined by the jury to arrive at the selection.
For the last 30 years, the editorial integrity of Business Standard has been widely acclaimed at all quarters. This leading business daily (whose shares are held by Financial Times also) has been chronicling changes in Indian business for the last three decades - and has also helped shape public policy. The Annual Awards of Business Standard recognizes those corporate achievers who have made the changes possible.
The achievements made by ONGC under the stewardship of Mr. Subir Raha – especially in turning around MRPL and also securing overseas hydrocarbon acreages in Russia and Sudan, were important considerations behind the Award.
The cream of the business community was in attendance to witness the Award ceremony – ONGC crowned as the Star Company in the Public Sector - at Taj Palace, on the evening of March 24.
TRAI’s Chairman Pradeep Baijal, Bharti’s Sunil Mittal, HDFC’s Deepak Parikh, Uday Kotak, are some of the names which witnessed the Awardees receiving the Awards from the architect of economic reforms in the country - Dr. Manmohan Singh.
While complimenting the Awardees, the Hon’ble Prime Minister said, “I am sure they will do more for their companies and India in times to come”.
This financial year has proved to be good for ONGC as far as Awards are concerned. Apart from the individual awards secured by ONGC’s C&MD Mr. Subir Raha himself, a number of corporate awards have come ONGC’s way. The Greenest Company in India, Biggest Wealth Creator, Asia’s Best Oil and Gas Company, Excellence award in Cost Management, Award on Corporate Social Responsibility, Best Corporate Initiative in Sports – and now the Star Public Sector Company.
Posted by Editor Pipeline Magazine
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