News Release Details

IndianOil’s Lanka subsidiary awarded for being the best Company in Power & Energy Sector
New Delhi   23-Dec-2015


MD, LIOC receiving the award from Head of Brand Commitee,
CIMA on LIOC being adjudged as the Winner in the
Power & Energy Sector.

IndianOil’s subsidiary in Sri Lanka, Lanka IOC, has won recognition as the best corporate in the Power & Energy sector and also the fourth best company (overall) amongst the leading listed companies in the island nation.

The top 20 listed companies in Sri Lanka were recently felicitated in a gala awards ceremony organized by Chartered Institute of Management Accountants (CIMA), Sri Lanka, and Lanka Monthly Digest (LMD), one of the country’s most prestigious magazines.

LMD’s rankings of leading listed companies is now firmly established as Sri Lanka’s version of the Fortune 500. The LMD 100 selection is based on companies that shape the corporate landscape and the primary selection criteria is the company's turnover, profitability , asset base and market capitalization. The different parameters are closely scrutinized and evaluated to select the most influential companies overall as well as companies which top their respective sectors - based on the Colombo Exchange-designated sectors.