IndianOil adopts Integrity Pact
IndianOil has entered into a Memorandum of Understanding (MoU) with Transparency International India (TII) in January 2008, for implementing an Integrity Pact Programme focussed on enhancing transparency in its business transactions, contracts and procurement processes. IndianOil believes in total transparency, integrity and accountability in its functioning as a prerequisite for achieving its Vision of becoming a major diversified, transnational, integrated energy major. It values its business relationships with its numerous domestic and international contractors and vendors of goods and services and is committed to dealing with them in a fair and transparent manner by maintaining the highest ethical standards in its transactions with them.
The MoU was signed by Mr. Sarthak Behuria, Chairman, IndianOil, and Admiral (Retd.) R H Tahiliani, former Chief of Naval Staff and Chairman of TII. Under the MoU, IndianOil is committed to implementing the Integrity Pact in all its major procurement and work contract activities. Four Independent External Monitors nominated by TII in consultation with the Central Vigilance Commission (CVC) shall monitor the activities. The Integrity Pact would strengthen established systems and procedures by creating trust and would have the full support of the Central Vigilance Commission.
Transparency International India, launched in 1997, is the Indian Chapter of Berlin-based Transparency International, which has presence in 93 countries. The Integrity Pact Programme was launched in the mid-90s by TI to create 'islands of Integrity' through a voluntary contract between the buyer and the seller to eliminate unfair practices. It establishes mutual contractual rights and obligations and brings transparency and enhances the credibility of the organizations.
Implementation of Integrity Pact in IndianOil
IndianOil has adopted Integrity Pact from 15th July, 2008. Details of the Integrity Pact are given below :
Integrity Pact Documents :
1. MoU between IndianOil & Transparency International India
2. Declaration by IndianOil
3. Letter to be submitted by the Tenderer along with the tender documents
4. Format of Integrity Agreement between IndianOil & the Tenderer
Details of IndianOil's Nodal Officer & Independent External Monitors (IEMS) for Implementation of Integrity Pact
Any tender-related complaints, for tenders covered under IP (i.e. tenders exceeding Rs. 10 Crore), may be addressed to the Nodal Officer or to IEMs as per details given below :
Shri Basant Seth, Former CMD, Syndicate Bank and Information Commissioner, CIC
Ms. M. C. Borwankar, IPS (Retd.)
- Mr. Suresh N. Patel,
Former MD & CEO, Andhra Bank
IndianOil Corporation Limited,
Room No. 542, 5th Floor,
Core 6, Scope Complex,
New Delhi - 110003
Details of Tenders above Rs. 150 Crore Under IEMs