Indian Oil Corporation Ltd. has won three awards at the Dun & Bradstreet PSU Awards-2018.
In a glittering ceremony held on July 24, 2018 at Delhi, Mr. A. K. Sharma, Director (Finance), received the awards from noted economist Mr. Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister and Member NITI Aayog.
The categories in which IndianOil has won the award are: Petroleum-Refining & Marketing; Best performing Maharatna in Manufacturing (Processing and Generation) and Overall Best Maharatna.
Dun & Bradstreet (D&B), the world’s leading provider of global business information, recognised the PSUs who are the front-runners in their respective sectors through the ‘PSU Awards 2018’. The fifth edition of the awards acknowledged the stellar performance and imperative role played by the leading PSUs in the socio-economic development of the country.
Highlighting the contribution of the PSU sector in India, Mr. Manish Sinha, MD, Dun & Bradstreet India, commented, “In recent years there has been an extensive narrative on ‘responsible and inclusive capitalism’. This approach to business serves customers, employees and society, in addition to shareholders. Indian PSUs have been embodying this philosophy before this vocabulary existed. Many PSUs were created after independence and in the decades that followed, have supported India’s self-reliant economic growth and balanced regional development. It is a credit to them that they have delivered these socially desirable outcomes despite many challenges: shortage of talent and non-commercial targets. Dun & Bradstreet celebrates India’s Top PSUs 2018 to acknowledge their contribution to the Indian economy.